0000950170-23-002759 Sample Contracts

CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • February 14th, 2023 • Black Hills Corp /Sd/ • Electric services • South Dakota

This Change in Control Agreement (“Agreement”) dated as of November 15, 2022, is entered into by and between Black Hills Corporation (“Company”) and Linden R. Evans (“Employee”).

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Black Hills Corporation Short-Term Incentive Plan Award Agreement (Effective for Plan Years Beginning on or after January 1, 2023)
Incentive Plan Award Agreement • February 14th, 2023 • Black Hills Corp /Sd/ • Electric services

You have been selected to be a Participant in the Black Hills Corporation Short-Term Incentive Plan (the “STIP”). The STIP is granted under the cash-based awards provisions of the Black Hills Corporation Amended and Restated 2015 Omnibus Incentive Plan (the “Plan”). This Agreement and the Plan together govern your rights to the Award and set forth all of the conditions and limitations affecting such rights. All capitalized terms shall have the meanings ascribed to them in the Plan unless specifically set forth otherwise herein. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the Plan’s terms shall supersede and replace the conflicting terms of this Agreement.

Black Hills Corporation Long-Term Incentive Plan Restricted Stock Award Agreement (Effective for Awards granted on or after January 24, 2023)
Restricted Stock Award Agreement • February 14th, 2023 • Black Hills Corp /Sd/ • Electric services

You have been selected to be a Participant in the Black Hills Corporation Long-Term Incentive Plan (the “LTIP”). This LTIP award is granted under the restricted stock and restricted stock units provisions of the Amended and Restated 2015 Omnibus Incentive Plan (the “Plan”). This Agreement and the Plan together govern your rights to the Award and set forth all of the conditions and limitations affecting such rights. All capitalized terms shall have the meanings ascribed to them in the Plan unless specifically set forth otherwise herein. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the Plan’s terms shall supersede and replace the conflicting terms of this Agreement.

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