TOREADOR RESOURCES CORPORATION
2005 LONG-TERM INCENTIVE PLAN  INCENTIVE STOCK OPTION AGREEMENT
 Grant of Option Plan Company
 Nigel J. Lovett  Participant
 Stock Option 38,070 Optioned Shares Option Price 7.88 Code
 Date of Grant May 15, 2008 Option Period th th
 Subject to Plan
 Vesting; Time of Exercise
 Exercise Date
    
    Number of Shares1. One (1) year from the Date of Grant
    
    Up to 33.33% of the total Optioned Shares
under the Stock Option2. Two (2) years from the Date of Grant
    
    Up to an additional 33.33% of the total
Optioned Shares under the Stock Option3. Three (3) years from the Date of Grant
    
    Up to an additional 33.34% of the total
Optioned Shares under the Stock Option




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provided however
 Term; Forfeiture
 (a)
    
    Except as otherwise provided in this Agreement, to the extent the unexercised
portion of this Stock Option relates to Optioned Shares that are not vested on the
Participants Termination of Service, the Stock Option will terminate on such date.
The unexercised portion of this Stock Option that relates to Optioned Shares that are
vested will terminate at the first to occur of the following:
 (i)
    
    5 p.m. on the date the Option Period terminates;(ii)
    
    5 p.m. on the date which is twelve (12) months following the
date of the Participants Termination of Service with the Company or an
Affiliate by reason of the Participants death or Total and Permanent
Disability;(iii)
    
    Immediately upon the Participants Termination for Cause (as
defined herein);(iv)
    
    5 p.m. on the date which is three (3) months following the date
of the Participants Termination of Service for any reason other than as set
forth in subparagraphs (a)(ii) or (a)(iii) above of this Section 4.(v)
    
    5 p.m. on the date the Company causes any portion of the Stock
Option to be forfeited pursuant to Section 7 hereof.
 (b)
    
    For purposes of this Sections 3 and 4, Cause shall mean (i) the
Participants commission of a dishonest or fraudulent act in connection with the
Participants employment, or the misappropriation of Company property; (ii) the
Participants conviction of, or plea of nolo contendere to, a felony or crime involving
dishonesty; (iii) the Participants inattention to duties, unsatisfactory performance,
or failure to perform the Participant duties hereunder, provided in each case the
Company gives the Participant written notice and thirty (30) days to correct the
Participants




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performance to the Companys satisfaction; (iv) a substantial failure to comply with
the Companys policies; (v) a material and willful breach of the Participants
fiduciary duties in any material respect, provided in each case the Company gives
the Participant written notice and thirty (30) days to correct; (vi) the
Participants failure to comply in any material respect with any legal written
directive of the Board; or (vii) any act or omission of the Participant which is of
substantial detriment to the Company because of the Participants intentional
failure to comply with any statute, rule or regulation, except any act or omission
believed by the Participant in good faith to have been in or not opposed to the best
interest of the Company (without intent of the Participant to gain, directly or
indirectly, a profit to which the Participant was not legally entitled). Any
determination of whether an the Participant should be terminated for Cause pursuant
to this Agreement shall be made in the sole, good faith discretion of the Board, and
shall be binding upon all parties affected thereby.
 Who May Exercise Sections 3
and 4 Section 4(a)(i) Sections 4(a)(i), (ii) or (v)
 Restrictions on Exercise
 Manner of Exercise Exercise Date Section 11




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Non-Assignability
 Rights as Stockholder Section 10 Section 10




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Adjustment of Number of Shares and Related Matters Articles 11  13
 Incentive Stock Option Section 6.3 Section 7
 Disqualifying Disposition Disqualifying Disposition Section 11
 Specific Performance
 The Participants Representation
 Investment Representation




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The Participants Acknowledgments
 Law Governing
 No Right to Continue Employment
 Legal Construction.
 Covenants and Agreements as Independent Agreements
 Entire Agreement




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Parties Bound
 Modification
 Headings
 Gender and Number
 Notice
 a.
    
    Notice to the Company shall be addressed and delivered as follows:Toreador Resources Corporation
13760 Noel Rd., Suite 1100
Dallas, Texas 75240
Attn: Chief Executive Officer
Facsimile: 214-559-3945b.
    
    Notice to the Participant shall be addressed and delivered as
set forth on the signature page.
 Tax Requirements




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Section 27 Company




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Section 1
 TOREADOR RESOURCES CORPORATIONBy:
    
    /s/ Charles J. CampiseName:
    
    Charles J. CampiseTitle:
    
    Senior Vice President, Finance
 PARTICIPANT/s/ Nigel J. LovettName:
    
    Nigel J. LovettAddress:
    
    13760 Noel Road, Suite 1100Dallas, TX 75240