0001193125-11-055030 Sample Contracts

REX ENERGY CORPORATION NON-EMPLOYEE DIRECTOR RESTRICTED STOCK AWARD/PHANTOM STOCK AWARD AGREEMENT

Restricted Stock Award/Phantom Stock Award Agreement • March 3rd, 2011 • Rex Energy Corp • Crude petroleum & natural gas • Delaware

• Contract Type
  Restricted Stock Award/Phantom Stock Award Agreement
• Filed
  March 3rd, 2011
• Company
  Rex Energy Corp
• Industry
  Crude petroleum & natural gas
• Jurisdiction
  Delaware

THIS RESTRICTED STOCK AWARD/PHANTOM STOCK AGREEMENT (the “Award Agreement”) is effective , 2011 (the “Grant Date”), between Rex Energy Corporation, a Delaware corporation (the “Company”) and (the “Recipient”).

SEPARATION AGREEMENT AND COMPLETE RELEASE

Separation Agreement • March 3rd, 2011 • Rex Energy Corp • Crude petroleum & natural gas • Pennsylvania

• Contract Type
  Separation Agreement
• Filed
  March 3rd, 2011
• Company
  Rex Energy Corp
• Industry
  Crude petroleum & natural gas
• Jurisdiction
  Pennsylvania

This Separation Agreement and Complete Release (this “Agreement”) is made this 28th day of January, by Timothy P. Beattie (“Employee”), Rex Energy Corporation (“Rex Energy”) and Rex Energy Operating Corp. (collectively, Rex Energy, Rex Energy Operating Corp. and their successors are referred to as the “Company”).