0000950134-07-008850 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • April 24th, 2007 • Concho Resources Inc • Texas

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made by and between Concho Resources Inc., a Delaware corporation (“Company”), and David M. Thomas III (“Executive”).

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INDEMNIFICATION AGREEMENT
Indemnification Agreement • April 24th, 2007 • Concho Resources Inc • Delaware

THIS AGREEMENT is effective April 23, 2007, between Concho Resources Inc., a Delaware corporation (the “Corporation”), and the undersigned director or officer of the Corporation (“Indemnitee”).

ESCROW AGREEMENT
Escrow Agreement • April 24th, 2007 • Concho Resources Inc • Texas

THIS ESCROW AGREEMENT (this “Agreement”), dated as of February 27, 2006 (the (“Closing Date”), among (1) Concho Resources Inc., a Delaware corporation (“Concho Resources”); (2) the stockholders of Concho Equity Holdings Corp., a Delaware corporation (“Concho Holdings”), listed on Schedule I attached hereto, as such schedule may be amended from time to time as contemplated herein (the “Concho Holdings Stockholders”) and (3) James L. Irish, III, or any successor duly appointed in accordance with the terms of this Agreement (the “Escrow Agent”).

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • April 24th, 2007 • Concho Resources Inc • Texas

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is made as of the 1st day of June, 2006 (the “Date of Grant”), between CONCHO RESOURCES INC., a Delaware corporation (the “Company”), and (the “Director”).

TRANSITION SERVICES AGREEMENT
Transition Services Agreement • April 24th, 2007 • Concho Resources Inc • New Mexico

This TRANSITION SERVICES AGREEMENT (the “Agreement”), dated April 23, 2007, is entered into between COG Operating LLC, a Delaware limited liability company (“COG”), acting for itself and COG Oil & Gas LP, a Texas limited partnership (“COG LP”), each with a mailing address of 550 W. Texas Avenue, Suite 1300, Midland, Texas 79701, (COG and COG LP, collectively herein, “Concho”), and Mack Energy Corporation, a New Mexico corporation, with a mailing address of P.O. Box 960, Artesia, New Mexico 88211, (“Contractor”), as follows:

SALT WATER DISPOSAL SYSTEM OWNERSHIP AND OPERATING AGREEMENT
Water Disposal System Ownership and Operating Agreement • April 24th, 2007 • Concho Resources Inc • New Mexico

THIS SALT WATER DISPOSAL SYSTEM OWNERSHIP AND OPERATING AGREEMENT (“Agreement”) is made and entered into by and between COG Operating LLC, a Delaware limited liability company (“COG LLC”), acting for itself and COG Oil & Gas LP, a Texas limited partnership (“COG LP”), each with a mailing address of 550 W. Texas Avenue, Suite 1300, Midland, Texas 79701, (COG LLC and COG LP, collectively herein, “COG”), and Chase Oil Corporation, a New Mexico corporation, Caza Energy LLC, a New Mexico limited liability company, and Mack Energy Corporation, a New Mexico corporation, each with a mailing address of P.O. Box 960, Artesia, New Mexico 88211 (herein collectively referred to as “Chase”).

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • April 24th, 2007 • Concho Resources Inc • Delaware

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is dated as of February 27, 2006, by and among Concho Resources Inc., a Delaware corporation (the “Company”), the Persons listed on Schedule I attached hereto (the “Holdings Stockholders”), Chase Oil Corporation, a New Mexico corporation (“Chase”), Caza Energy LLC, a New Mexico limited liability company (“Caza”) and the Persons listed on Schedule II attached hereto (collectively, the “WI Owners,” and together with Chase and Caza, the “Chase Stockholders”).

THIS CONTRACT CONTAINS PROVISIONS RELATING TO INDEMNITY, RELEASE OF LIABILITY, AND ALLOCATION OF RISK SEE PARAGRAPHS 4.9, 6.3 (c), 10, 12, AND 14
Concho Resources Inc • April 24th, 2007 • New Mexico

This Contract is made and entered into on the date hereinafter set forth by and between the parties herein designated as “Operator” and Contractor.”

NONSTATUTORY STOCK OPTION AGREEMENT
Nonstatutory Stock Option Agreement • April 24th, 2007 • Concho Resources Inc • Texas

This Option may be exercised only while Employee remains an employee of the Company and will terminate and cease to be exercisable upon Employee’s termination of employment with the Company, except that:

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • April 24th, 2007 • Concho Resources Inc • Texas

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”) is made as of the ___ day of ___, 2006 (the “Date of Grant”), between CONCHO RESOURCES INC., a Delaware corporation (the “Company”), and ___ (the “Employee”).

BUSINESS OPPORTUNITIES AGREEMENT
Business Opportunities Agreement • April 24th, 2007 • Concho Resources Inc • Delaware

This BUSINESS OPPORTUNITIES AGREEMENT (this “Agreement”), dated as of February 27, 2006, is entered into by and among Concho Resources Inc., a Delaware corporation (the “Company”), and the parties to this Agreement listed on Exhibit A hereto (each a “Designated Party” and collectively the “Designated Parties”).

FRO PROSPECT ASSIGNMENT OF OIL AND GAS LEASES
Concho Resources Inc • April 24th, 2007

This Assignment of Oil and Gas Leases is by and between Caza Energy LLC, a New Mexico limited liability company, with a mailing address of P.O. Box 1767, Artesia, New Mexico 88211 (“Assignor”), and COG OIL & GAS LP, with a mailing address of 550 West Texas, Suite 1300, Midland, TX 79701 (“Assignee”).

COG Operating LLC Midland, Texas Software & Services Agreement March 2006 Provided by: Enertia Software 125 W. Missouri Avenue Midland, Texas 79701 ph: (432) 685-1753 fax: (432) 685-4006
Software License Agreement • April 24th, 2007 • Concho Resources Inc • Texas

This Software License Agreement (the “Agreement”) is made by and between Enertech Information Systems, Inc., dba Enertia Software, a Texas corporation (the “Licensor”) and COG Operating LLC, a Delaware limited liability company {the “Licensee”), to be effective as of March 1, 2006 (the “Effective Date”). Licensor and Licensee may be collectively referred to herein as the “Parties” or individually as “Party.”

LEASEHOLD ACQUISITION AGREEMENT
Leasehold Acquisition Agreement • April 24th, 2007 • Concho Resources Inc • Texas

This LEASEHOLD ACQUISITION AGREEMENT (the “Agreement”) is made this April 1, 2005, by and between Trey Resources, Inc., an Oklahoma corporation (“Trey”), and COG Oil & Gas LP, a Texas limited partnership (“COG”), as follows:

COMBINATION AGREEMENT AMONG CONCHO RESOURCES INC. CONCHO EQUITY HOLDINGS CORP. CHASE OIL CORPORATION CAZA ENERGY LLC and the Other Signatories hereto February 24, 2006
Combination Agreement • April 24th, 2007 • Concho Resources Inc • Texas

This Combination Agreement (this “Agreement”) is entered into as of February 24, 2006 by and among Concho Resources Inc., a Delaware corporation (“Concho Resources”), Concho Equity Holdings Corp., a Delaware corporation (“Concho Holdings”), all of the stockholders of Concho Holdings listed on Schedule I attached hereto (the “Concho Holdings Stockholders”), Chase Oil Corporation, a New Mexico corporation (“Chase”), Caza Energy LLC, a New Mexico limited liability company (“Caza”) and the Persons listed on Schedule II attached hereto (collectively, the “WI Owners”).

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