Common Contracts

Grant Date], 2018 Dear [Name]:

Participant Award Agreement • February 14th, 2019 • EQT Corp • Crude petroleum & natural gas

• Contract Type
  Participant Award Agreement
• Filed
  February 14th, 2019
• Company
  EQT Corp
• Industry
  Crude petroleum & natural gas

Pursuant to the terms and conditions of the EQT Corporation 2014 Long-Term Incentive Plan (as amended from time to time, the “Plan”) and the 2018 Incentive Performance Share Unit Program (the “Program”), effective January 1, 2018, the Management Development and Compensation Committee (the “Committee”) of the Board of Directors of EQT Corporation (the “Company”) grants you «NumberUnits» Target Performance 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 this Participant Award Agreement and the Program document attached hereto as Exhibit A; provided that the Award is also subject to the terms and limits included within the Plan. As approved, the Award will be settled in [Alternative 1: shares of Company common stock] [Alternative 2: cash]; however, the Committee retains the discretion to settle the Aw

Grant Date], 2016 Dear [Name]:

Participant Award Agreement • February 11th, 2016 • EQT Corp • Crude petroleum & natural gas

• Contract Type
  Participant Award Agreement
• Filed
  February 11th, 2016
• Company
  EQT Corp
• Industry
  Crude petroleum & natural gas

Pursuant to the terms and conditions of the EQT Corporation 2014 Long-Term Incentive Plan (as amended from time to time, the “Plan”) and the 2016 Incentive Performance Share Unit Program (the “Program”), effective January 1, 2016, the Management Development and Compensation Committee (the “Committee”) of the Board of Directors of EQT Corporation (the “Company”) grants you «NumberUnits» Target Performance 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 this Participant Award Agreement and 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 Committee retains the discretion to distribute the Award in cash, Company stock or any combination thereof.