0000895126-05-000087 Sample Contracts

FOURTH AMENDED AND RESTATED
Employment Agreement • June 16th, 2005 • Chesapeake Energy Corp • Crude petroleum & natural gas • Oklahoma

THIS AGREEMENT is made effective July 1, 2005, between CHESAPEAKE ENERGY CORPORATION, an Oklahoma corporation (the “Company”), and TOM L. WARD, an individual (the “Executive”).

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NON-EMPLOYEE DIRECTOR RESTRICTED STOCK AWARD AGREEMENT FOR CHESAPEAKE ENERGY CORPORATION LONG TERM INCENTIVE PLAN
Non-Employee Director Restricted Stock Award Agreement • June 16th, 2005 • Chesapeake Energy Corp • Crude petroleum & natural gas • Oklahoma

THIS RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”) entered into as of the grant date set forth on the attached Notice of Grant of Award and Award Agreement (the “Notice”), by and between Chesapeake Energy Corporation, an Oklahoma corporation (the “Company”), and the participant named on the Notice (the “Participant”);

RESTRICTED STOCK AWARD AGREEMENT FOR CHESAPEAKE ENERGY CORPORATION
Restricted Stock Award Agreement • June 16th, 2005 • Chesapeake Energy Corp • Crude petroleum & natural gas • Oklahoma

THIS RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”) entered into as of the grant date set forth on the attached Notice of Grant of Award and Award Agreement (the “Notice”), by and between Chesapeake Energy Corporation, an Oklahoma corporation (the “Company”), and the participant named on the Notice (the “Participant”);

NON-EMPLOYEE DIRECTOR STOCK OPTION AGREEMENT
Stock Option Agreement • June 16th, 2005 • Chesapeake Energy Corp • Crude petroleum & natural gas

THIS STOCK OPTION AGREEMENT (the “Option Agreement”), made as of the grant date set forth on the Notice of Grant of Stock Options and Option Agreement attached to this Option Agreement (the “Notice”) at Oklahoma City, Oklahoma by and between the participant named on the Notice (the “Participant”) and Chesapeake Energy Corporation (the “Company”):

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