0001104659-10-022535 Sample Contracts

Name Address Re: [ ] Quarter 20[ ] Phantom Stock Award Dear Name,
Participant Award Agreement • April 28th, 2010 • EQT Corp • Natural gas transmisison & distribution

On [ ], 20[ ], you were awarded [ ] fully-vested stock units under the EQT Corporation 2009 Long-Term Incentive Plan (the “LTIP”), which have been credited to your Phantom Stock Account under Article IV of the 2005 Directors’ Deferred Compensation Plan (the “Deferred Compensation Plan”). Capitalized terms used herein and not otherwise defined have the meanings given such term in the LTIP and/or the Deferred Compensation Plan (the “Plans”), as appropriate.

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