Restricted Share And Sample Contracts

RESTRICTED SHARE AND PERFORMANCE UNIT AWARD AGREEMENT
Restricted Share And • March 1st, 2007 • Ipsco Inc • Steel works, blast furnaces & rolling mills (coke ovens) • New York

WHEREAS the Company has established an Incentive Share Plan (which, as amended from time to time by the Board of Directors of the Company and approved by Shareholders, is hereinafter referred to as the “Plan”) whereby certain designated officers, employees and directors of the Company and its subsidiaries may from time to time be granted options, restricted shares and performance units, or any combination of the foregoing;

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