0001104659-11-005367 Sample Contracts

INTREPID POTASH, INC. 2008 EQUITY INCENTIVE PLAN FORM OF STOCK OPTION AGREEMENT

Stock Option Agreement • February 7th, 2011 • Intrepid Potash, Inc. • Mining & quarrying of nonmetallic minerals (no fuels) • Delaware

• Contract Type
  Stock Option Agreement
• Filed
  February 7th, 2011
• Company
  Intrepid Potash, Inc.
• Industry
  Mining & quarrying of nonmetallic minerals (no fuels)
• Jurisdiction
  Delaware

Intrepid Potash, Inc., a Delaware corporation (the “Company”), has granted an option to purchase shares of the Company’s Common Stock to the Optionee named below under the Intrepid Potash, Inc. 2008 Equity Incentive Plan (the “Plan”). This Stock Option Agreement (the “Agreement”) evidences the terms of that Option grant.

INTREPID POTASH, INC. 2008 EQUITY INCENTIVE PLAN FORM OF RESTRICTED STOCK AGREEMENT

Restricted Stock Agreement • February 7th, 2011 • Intrepid Potash, Inc. • Mining & quarrying of nonmetallic minerals (no fuels) • Delaware

• Contract Type
  Restricted Stock Agreement
• Filed
  February 7th, 2011
• Company
  Intrepid Potash, Inc.
• Industry
  Mining & quarrying of nonmetallic minerals (no fuels)
• Jurisdiction
  Delaware

The Board of Directors of Intrepid Potash, Inc., a Delaware corporation (the “Company”), has granted shares of Restricted Stock issued under the Intrepid Potash, Inc. 2008 Equity Incentive Plan (the “Plan”) to the Grantee named below. This Restricted Stock Agreement (the “Agreement”) evidences the terms of that grant of Restricted Stock.