0001104659-11-033411 Sample Contracts

LONE PINE RESOURCES INC. 2011 STOCK INCENTIVE PLAN FORM OF PHANTOM STOCK UNIT (RSU AWARD) AGREEMENT FOR CANADIAN EMPLOYEE GRANTEES (CASH ONLY)
Phantom Stock Unit Agreement • June 6th, 2011 • Lone Pine Resources Inc. • Crude petroleum & natural gas • Delaware

This Phantom Stock Unit Agreement (“Agreement”) is made as of the day of , 20 , between Lone Pine Resources Inc., a Delaware corporation (“Lone Pine”), and (the “Employee”). For purposes of this Agreement, the term “the Company” shall include Lone Pine and its Affiliates, as defined in the Lone Pine Resources Inc. 2011 Stock Incentive Plan (the “Plan”).

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FORM OF SEVERANCE AGREEMENT
Severance Agreement • June 6th, 2011 • Lone Pine Resources Inc. • Crude petroleum & natural gas • Alberta

SEVERANCE AGREEMENT (this “Agreement”) dated as of , 20 between LONE PINE RESOURCES INC., a Delaware corporation (the “Company”), with its principal offices located at Suite 2500, 645-7 Avenue SW, Calgary, Alberta, and (“Employee”),

FORM OF SEVERANCE AGREEMENT
Severance Agreement • June 6th, 2011 • Lone Pine Resources Inc. • Crude petroleum & natural gas • Alberta

SEVERANCE AGREEMENT (this “Agreement”) dated as of , 20 between LONE PINE RESOURCES INC., a Delaware corporation (the “Company”), with its principal offices located at Suite 2500, 645-7 Avenue SW, Calgary, Alberta, and David M. Anderson (“Executive”),

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