Chesapeake Energy (CHK)

6. Withholding. The Company may make such provision as it may deem appropriate for the
withholding of any applicable federal, state or local taxes that it determines it may be obligated to withhold or pay in connection with the vesting of the Restricted Stock or any election made by the Participant. Required withholding taxes as
determined by the Company associated with this Award must be paid in cash unless the Committee permits the Participant to

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pay such required withholding taxes by directing the Company to withhold from the Award the number of shares of Common Stock having a Fair Market Value on
the date of vesting equal to the amount of required withholding taxes.

7. Notification of 83(b) Election. In the event the
Participant elects to make an 83(b) election with respect to this Award, the Participant must provide the Company notice of such election at the same time the election is filed with the Internal Revenue Service. The Participant must also tender to
the Company payment of the required withholding taxes associated with such election. In the event the Participant makes an 83(b) election without consulting with the Company as to the payment of required withholding taxes, the Company may withhold
from other payments to the Participant amounts necessary to effect the required withholding.

8. Amendments. This Award Agreement
may be amended by a written agreement signed by the Company and the Participant; provided that the Committee may modify the terms of this Award Agreement without the consent of the Participant in any manner that is not adverse to the Participant.

9. Securities Law Restrictions. This Award shall be vested and common stock issued only in compliance with the Securities Act of
1933, as amended (the “Act”), and any other applicable securities law, or pursuant to an exemption therefrom. If deemed necessary by the Company to comply with the Act or any applicable laws or regulations relating to the sale of
securities, the Participant at the time of vesting and as a condition imposed by the Company, shall represent, warrant and agree that the shares of Common Stock subject to the Award are being acquired for investment and not with any present
intention to resell the same and without a view to distribution, and the Participant shall, upon the request of the Company, execute and deliver to the Company an agreement to such a fact. The Participant acknowledges that any stock certificate
representing Common Stock acquired under such circumstances will be issued with a restricted securities legend.

10. Notices. All
notices or other communications relating to the Plan and this Agreement as it relates to the Participant shall be in writing, shall be deemed to have been made if personally delivered in return for a receipt, or if mailed, by regular U.S. mail,
postage prepaid, by the Company to the Participant at his last known address evidenced on the payroll records of the Company.

11.
Binding Effect and Governing Law. This Agreement shall be (i) binding upon and inure to the benefit of the parties hereto and their respective heirs, successors and assigns except as may be limited by the Plan and (ii) governed and
construed under the laws of the State of Oklahoma.

12. Captions. The captions of specific provisions of this Agreement are for
convenience and reference only, and in no way define, describe, extend or limit the scope of this Agreement or the intent of any provision hereof.

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13. Counterparts. This Agreement may be executed in any number of identical counterparts, each of
which shall be deemed an original for all purposes, but all of which taken together shall form but one agreement.

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