0000007332-04-000165 Sample Contracts

SOUTHWESTERN ENERGY COMPANY NON-QUALIFIED STOCK OPTION (Not Transferable)
Non-Qualified Stock Option • December 29th, 2004 • Southwestern Energy Co • Crude petroleum & natural gas

THIS CERTIFIES, that SOUTHWESTERN ENERGY COMPANY, an Arkansas corporation (the "Company"), has, as of the ___ day of _________, , granted to ____________________ (the "Participant"), a Non-Qualified Stock Option to purchase ______ shares (the "Optioned Shares") of the Company's Common Stock ($.10 par value) ("Company Stock") on the terms and conditions of the SOUTHWESTERN ENERGY COMPANY 2004 STOCK INCENTIVE PLAN, as may be amended from time to time (the "Plan").

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