0001104659-12-010579 Sample Contracts

January 1, 2012 [Name] [Street Address] [City, State, Zip Code] Dear [Name]:
Participant Award Agreement • February 16th, 2012 • EQT Corp • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the EQT Corporation 2009 Long-Term Incentive Plan (the “Plan”) and the 2012 Executive Performance Incentive Program (the “Program”), effective January 1, 2012, the Compensation Committee of the Board of Directors of EQT Corporation (the “Company”) grants you «NumberUnits» Target Share Units (the “Award”), the value of which is determined by reference to the Company’s common stock. The terms and conditions of the Award, including, without limitation, vesting and distribution, shall be governed by the provisions of the Program document attached hereto as Exhibit A, provided that the Award is also subject to the terms and limits included within the Plan. The Compensation Committee retains the discretion to distribute the Award in cash, Company stock or any combination thereof.

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EQT Corporation Amendment to 2011 Value Driver Performance Award Agreement
Performance Award Agreement • February 16th, 2012 • EQT Corp • Natural gas transmisison & distribution

This Amendment to that certain 2011 Value Driver Performance Award Agreement dated as of January 1, 2011 (the “Award Agreement”) between EQT Corporation (the “Company”) and each holder of an award is approved by the Committee this 23rd day of February 2011 (the “Amendment Date”). Capitalized terms used herein and not otherwise defined have the meanings given to such terms in the Award Agreement.

EQT CORPORATION Non-transferable G R A N T T O
Performance Award Agreement • February 16th, 2012 • EQT Corp • Natural gas transmisison & distribution

by EQT Corporation (the “Company”) of Performance Awards (the “Performance Awards”), representing the right to earn, on a one-for-one basis, shares of the Company’s common stock (the “Common Stock”), pursuant to and subject to the provisions of the EQT Corporation 2009 Long-Term Incentive Plan, as amended (the “Plan”), and to the terms and conditions set forth on the following pages of this award agreement (this “Agreement”).

January 1, 2012 [Name and address] Dear [Name]:
Participant Award Agreement • February 16th, 2012 • EQT Corp • Natural gas transmisison & distribution

Pursuant to the terms and conditions of the EQT Corporation 2009 Long-Term Incentive Plan (the “Plan”), the Compensation Committee of the Board of Directors (“Board”) of EQT Corporation (the “Company”) has granted you Non-Qualified Stock Options (the “Options”) to purchase shares of the Company’s common stock as outlined below.

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