EX-10.2


 Exhibit 10.2 

TELLURIAN INC. 

RESTRICTED STOCK AGREEMENT 

PURSUANT TO THE 

TELLURIAN INC. 
 2016
OMNIBUS INCENTIVE COMPENSATION PLAN 
 This RESTRICTED STOCK AGREEMENT (“Agreement”) is
effective as of February 13, 2017 (the “Grant Date”), between Tellurian Inc. (f/k/a Magellan Petroleum Corporation), a Delaware corporation (the “Company”), and Antoine
Lafargue (the “Participant”). 
 Terms and Conditions 

The Participant is hereby granted, as an eligible Employee of the Company or a Subsidiary, as of the Grant Date, pursuant to
the Tellurian Inc. 2016 Omnibus Incentive Compensation Plan, as it may be amended from time to time (the “Plan”), the number of shares of the Company’s Common Stock set forth in Section 1 below.
Except as otherwise indicated, any capitalized term used but not defined herein shall have the meaning ascribed to such term in the Plan. A copy of the Plan and the prospectus with regard to the shares under an effective registration on Form S-8 have been delivered or made available to the Participant. By signing and returning this Agreement, the Participant acknowledges having received and read a copy of the Plan and the prospectus and agrees to comply
with the Plan, this Agreement and all applicable laws and regulations. 
 Accordingly, the parties hereto agree as follows:

 1. Grant of Shares. Subject in all respects to the Plan
and the terms and conditions set forth herein and therein, effective as of the Grant Date, the Company hereby awards to the Participant 800,000 shares of its Common Stock (the “Shares”). Such Shares are subject to certain
restrictions set forth in Section 2 hereof, which restrictions shall lapse at the times provided under Section 2 hereof. For the period during which such restrictions are in effect, the Shares
subject to such restrictions are referred to herein as the “Restricted Stock.” The Restricted Stock, in the sole discretion of the Plan Administrator, shall be evidenced by a certificate or be credited to
a book entry account maintained by the Company (or its designee) on behalf of the Participant and such certificate or book entry (as applicable) shall be noted appropriately to record the restrictions on the Restricted Stock imposed hereby. 

2. Restricted Stock. 

(a) Rights as a Stockholder. The
Participant shall have the rights of a stockholder with respect to the shares of Restricted Stock as, and only as, set forth in Section 10.4 of the Plan and herein. Solely with respect to unvested shares of Restricted
Stock, (i) dividends or other distributions (collectively, “dividends”) on such unvested shares of Restricted Stock shall be withheld, in each case, while such unvested shares of Restricted Stock are subject to restrictions, and
(ii) in no event shall dividends or other distributions payable thereunder be paid unless and until such unvested shares of Restricted Stock to which they relate no longer are subject to a risk of forfeiture hereunder. Dividends that are not
paid currently shall be credited to bookkeeping accounts on the Company’s records for purposes of the Plan and shall not accrue interest. Such dividends shall be paid to the Participant in the same form as paid on the Common Stock promptly upon
the lapse of the restrictions. 






 (b) Vesting. Subject to Section 2(c) below, the Restricted
Stock shall only vest as follows (and there shall be no proportionate or partial vesting in the periods prior to the applicable vesting date(s) and all vesting shall occur only on the applicable vesting date(s)): 

(i) Time-Based Restricted Stock. 150,000 shares of the Restricted Stock shall vest and cease to be Restricted Stock
(but will remain subject to the terms of this Agreement and the Plan) in equal quarterly installments commencing on the Grant Date and ending on the 18-month anniversary of the Grant Date (the
“Time-Based Restricted Stock”); provided, however, that the Participant has not experienced a Termination of Service prior to each applicable vesting date. 

(ii) Performance-Based Restricted Stock. 650,000 shares of the Restricted Stock (the
“Performance-Based Restricted Stock”) shall vest upon the affirmative final investment decision by the Board with respect to the Driftwood LNG project (“FID”);
provided, however, that the Participant has not experienced a Termination of Service prior to the vesting date. 
 (c)
Terminations without Cause or due to Death or Disability. In
the event the Participant is terminated by the Company without Cause, or due to his death or Disability (with the terms “Cause” and “Disability” having the meanings ascribed to such terms in that certain employment letter
agreement between Tellurian Services LLC and Participant dated February 9, 2017): 
 (i) Time-Based Restricted
Stock. All unvested shares of Time-Based Restricted Stock shall become fully vested as of the date of the Participant’s Termination of Service. 

(ii) Performance-Based Restricted Stock. All unvested shares of Performance-Based Restricted Stock shall remain open
and continue to vest on the FID as if the Participant had not experienced a Termination of Service; provided, however, that the Plan Administrator will have the ability, in its sole discretion, to accelerate the vesting of the
Performance-Based Restricted Stock even if the FID has not yet occurred. 
 (d) Terminations
for all other Reasons. In the event the Participant experiences a Termination of Service for any reason other than those set forth in Section 2(c), the
Participant shall forfeit to the Company, without compensation, any Restricted Stock that is unvested and that cannot vest in accordance with Section 2(b) immediately upon the Participant’s Termination of Service. 

(e) Section 83(b). If the Participant properly elects (as permitted by Section 83(b)
of the Code) within thirty (30) days after the issuance of the Restricted Stock to include in gross income for federal income tax purposes in the year of issuance the fair market value of such Restricted Stock, the Participant shall deliver to
the Company a signed copy of such election within 10 days after the making of such election, and shall pay to the Company or make arrangements satisfactory to the Company to pay to the Company upon such election, any federal, state, local or other
taxes of any kind that the Company is required to withhold with respect to the Restricted Stock. The Participant acknowledges that it is his or her sole responsibility,
and not the Company’s, to file timely and properly the election under Section 83(b) of the Code and any
corresponding provisions of state tax laws if he or she elects to utilize such election. 

(f) Certificates. If, after the Grant Date, certificates are issued with respect to the shares of
Restricted Stock, such issuance and delivery of certificates shall be made in accordance with the applicable terms of the Plan. 

  
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 3. Delivery Delay. The delivery of any
certificate representing the Restricted Stock may be postponed by the Company for such period as may be required for it to comply with any applicable foreign, federal, state or provincial securities law, or any national securities exchange listing
requirements and the Company is not obligated to issue or deliver any securities if, in the opinion of counsel for the Company, the issuance of such Shares shall constitute a violation by the Participant or the Company of any provisions of any
applicable foreign, federal, state or provincial law or of any regulations of any governmental authority or any national securities exchange. If the Participant is currently a resident or is likely to become a resident in the United Kingdom at any
time during the period that the Shares are subject to restriction, the Participant acknowledges and understands that the Company intends to meet its delivery obligations in Common Stock with respect to the shares of Restricted Stock, except as may
be prohibited by law or described in this Agreement or supplementary materials. 
 4. Certain
Legal Restrictions. The Plan, this Agreement, the granting and vesting of the Restricted Stock, and any obligations of the Company under the Plan and this Agreement, shall be subject to all applicable federal,
state and local laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may be required, and to any rules or regulations of any exchange on which the Common Stock is listed. 

5. Change of Control. The provisions in the Plan regarding
Change of Control shall apply to the Restricted Stock. 
 6. Withholding of
Taxes. The Company shall have the right to deduct from any payment to be made pursuant to this Agreement and the Plan, or to otherwise require, prior to the issuance, delivery or vesting of any shares of Common Stock, payment by
the Participant of, any federal, state or local taxes required by law to be withheld. 
 7. Provisions
of Plan Control. This Agreement is subject to all the terms, conditions and provisions of the Plan, including, without limitation, the amendment provisions thereof, and to such
rules, regulations and interpretations relating to the Plan as may be adopted by the Plan Administrator and as may be in effect from time to time. The Plan is incorporated herein by reference. If and to the extent that any provision of this
Agreement conflicts or is inconsistent with the terms set forth in the Plan, the Plan shall control, and this Agreement shall be deemed to be modified accordingly. 

8. Restrictions on Transfer. The Participant shall not sell,
transfer, pledge, hypothecate, assign or otherwise dispose of the Shares, except as permitted in the Plan or Agreement. Any attempted sale, transfer, pledge, hypothecation, assignment or other disposition of the Shares in violation of the Plan or
this Agreement shall be void and of no effect and the Company shall have the right to disregard the same on its books and records and to issue “stop transfer” instructions to its transfer agent. 

9. Recoupment Policy. The Participant acknowledges and agrees that the Restricted Stock
shall be subject to the terms and provisions of any “clawback” or recoupment policy that may be adopted by the Company from time to time or as may be required by any applicable law (including, without limitation, the Dodd-Frank Wall Street
Reform and Consumer Protection Act and rules and regulations thereunder). 
 10. No
Right to Employment or Consultancy Service. This Agreement is not an agreement of employment or to provide consultancy
services. None of this Agreement, the Plan or the grant of the Restricted Stock hereunder shall (a) guarantee that the Company will employ or retain the Participant as an employee or consultant for any specific time period or (b) modify or
limit in any 

  
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respect the Company’s right to terminate or modify the Participant’s employment, consultancy arrangement or compensation. Moreover, this Agreement is not intended to and does not amend
any existing employment or consulting contract between the Participant and the Company or any of its Affiliates; to the extent there is a conflict between this Agreement and such an employment or consulting contract, the employment or consulting
contract shall govern and take priority. 
 11. Section 409A.
Section 20.2 of the Plan with regard to Code Section 409A shall apply to this Award Agreement. 

12. Notices. Any notice or communication given hereunder shall be in writing or by electronic means and,
if in writing, shall be deemed to have been duly given: (i) when delivered in person or by electronic means; (ii) three days after being sent by United States mail; or (iii) on the first business day following the date of deposit if
delivered by a nationally recognized overnight delivery service, to the appropriate party at the following address (or such other address as the party shall from time to time specify): (i) if to the Company, to Tellurian Inc. at its then current
headquarters; and (ii) if to the Participant, to the address on file with the Company. 
 13. Mode
of Communications. The Participant agrees, to the fullest extent permitted by applicable law, in lieu of receiving documents in paper format, to accept electronic delivery of any documents that the Company or
any of its Affiliates may deliver in connection with this grant of Restricted Stock and any other grants offered by the Company, including, without limitation, prospectuses, grant notifications, account statements, annual or quarterly reports, and
other communications. The Participant further agrees that electronic delivery of a document may be made via the Company’s email system or by reference to a location on the Company’s intranet or website or the online brokerage account
system. 
 14. Governing Law. All matters arising out of or relating to this Agreement
and the transactions contemplated hereby, including its validity, interpretation, construction, performance and enforcement, shall be governed by and construed in accordance with the internal laws of the State of Delaware, without giving effect to
principles of conflict of laws which would result in the application of the laws of any other jurisdiction. 
 15.
Successors. The Company will require any successors or assigns to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession or
assignment had taken place. The terms of this Agreement and all of the rights of the parties hereunder will be binding upon, inure to the benefit of, and be enforceable by, the Participant’s personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. 
 16. WAIVER OF JURY TRIAL. EACH
PARTY TO THIS AGREEMENT, FOR ITSELF AND ITS AFFILIATES, HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT,
TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THE ACTIONS OF THE PARTIES HERETO OR THEIR RESPECTIVE AFFILIATES PURSUANT TO THIS AGREEMENT OR IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT OF THIS AGREEMENT. 

17. Construction. All section titles and captions in this Agreement are for convenience only, shall not be
deemed part of this Agreement, and in no way shall define, limit, extend or describe 

  
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the scope or intent of any provisions of this Agreement. Wherever any words are used in this Agreement in the masculine gender they shall be construed as though they were also used in the
feminine gender in all cases where they would so apply. As used herein, (i) “or” shall mean “and/or” and (ii) “including” or “include” shall mean “including, without limitation.” Any reference herein
to an agreement in writing shall be deemed to include an electronic writing to the extent permitted by applicable law. 

18. Severability of Provisions. If at any time any of the provisions
of this Agreement shall be held invalid or unenforceable, or are prohibited by the laws of the jurisdiction where they are to be performed or enforced, by reason of being vague or unreasonable as to duration or geographic scope or scope of the
activities restricted, or for any other reason, such provisions shall be considered divisible and shall become and be immediately amended to include only such restrictions and to such extent as shall be deemed to be reasonable and enforceable by the
court or other body having jurisdiction over this Agreement, and the Company and the Participant agree that the provisions of this Agreement, as so amended, shall be valid and binding as though any invalid or unenforceable provisions had not been
included. 
 19. No Waiver. No failure by any party to insist upon the strict performance
of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition. 

20. Entire Agreement. This Agreement contains the entire understanding of the parties with
respect to the subject matter hereof and supersedes any prior agreements between the Company and the Participant with respect to the subject matter hereof. 

21. Counterparts. This Agreement may be executed in any number of counterparts, all of which taken together
shall constitute one instrument. Execution and delivery of this Agreement by facsimile or other electronic signature is legal, valid and binding for all purposes. 

[Remainder of Page Left Intentionally Blank] 

  
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 IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year
first above written. 
  

			
	TELLURIAN INC.
		
	By:	 	 /s/ Lisa Aimone

	Name:	 	 Lisa Aimone

	Title:	 	 Director of Talent



  

			
	PARTICIPANT
		
	By:	 	 /s/ Antoine Lafargue

	Name:	 	Antoine Lafargue

 [Signature Page to Restricted Stock Agreement]