0001104659-10-041421 Sample Contracts

SM ENERGY COMPANY PERFORMANCE SHARE AND RESTRICTED STOCK UNIT AWARD AGREEMENT
Performance Share and Restricted Stock Unit Award Agreement • August 3rd, 2010 • SM Energy Co • Crude petroleum & natural gas

This Performance Share and Restricted Stock Unit Award Agreement (the “Agreement”) is made effective as of [Award Date] (1) (the “Award Date”), by and between SM Energy Company, a Delaware corporation formerly named St. Mary Land & Exploration Company (the “Company”), and [Name of Participant] (the “Participant”) to whom performance shares and restricted stock units have been awarded pursuant to the Company’s long term incentive program (“LTIP”) under the Company’s Equity Incentive Compensation Plan, as amended (the “Plan”).

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SM ENERGY COMPANY NON-EMPLOYEE DIRECTOR RESTRICTED STOCK AWARD AGREEMENT
Non-Employee Director Restricted Stock Award Agreement • August 3rd, 2010 • SM Energy Co • Crude petroleum & natural gas

THIS NON-EMPLOYEE DIRECTOR RESTRICTED STOCK AWARD AGREEMENT, hereinafter referred to as the “Agreement,” is made effective as of the Award Date set forth in the attached Non-Employee Director Restricted Stock Award Notice (the “Award Notice”), by and between SM ENERGY COMPANY, a Delaware corporation (the “Company”), and the undersigned person, who is a non-employee member of the Company’s Board of Directors (the “Board”) as of the Award Date, to whom restricted stock has been awarded as set forth in the Award Notice (the “Director”).

CARRY AND EARNING AGREEMENT
Carry and Earning Agreement • August 3rd, 2010 • SM Energy Co • Crude petroleum & natural gas • Texas

This CARRY AND EARNING AGREEMENT (this “Agreement”), executed as of April 29, 2010, effective as of the date of signing hereof (the “Effective Date”), is by and among ST. MARY LAND & EXPLORATION COMPANY, a Delaware corporation (“STML”) and ENCANA OIL & GAS (USA) INC., a Delaware corporation (“EnCana”). STML and EnCana may each also be referred to herein as a “Party” or collectively as the “Parties.”

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