0000950123-09-066566 Sample Contracts

TERMS AND CONDITIONS
Stock Option Agreement • November 30th, 2009 • Cenovus Energy Inc. • Crude petroleum & natural gas • Alberta

THIS OPTION AND TANDEM STOCK APPRECIATION RIGHTS AGREEMENT is made between Cenovus Energy Inc. (the “Corporation”) and the Participant listed above (the “Participant”), an eligible employee of the Corporation or one of its Related Corporations.

Sample 1
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CENOVUS ENERGY INC. REPLACEMENT STOCK OPTION AGREEMENT
Replacement Stock Option Agreement • November 30th, 2009 • Cenovus Energy Inc. • Crude petroleum & natural gas • Alberta

• ______ Options with connected SARs granted pursuant to an Option and Stock Appreciation Rights Agreement between EnCana and the Participant dated in 2005

Sample 1
CENOVUS ENERGY INC. REPLACEMENT STOCK OPTION AGREEMENT
Replacement Stock Option Agreement • November 30th, 2009 • Cenovus Energy Inc. • Crude petroleum & natural gas • Alberta

THIS REPLACEMENT STOCK OPTION AND TANDEM STOCK APPRECIATION RIGHTS AGREEMENT is made between Cenovus Energy Inc. (the “Corporation”) and the Participant listed above (the “Participant”).

Sample 1
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