Chesapeake Energy (CHK)

FORM OF REPURCHASE NOTICE

To: Chesapeake Energy Corporation

The undersigned registered holder of this Security requests and instructs Chesapeake Energy Corporation (the “Company”) to repurchase this Security, or the portion hereof (which is $1,000 principal amount or a multiple thereof) designated below, on the date specified below under “Date of Requested Repurchase”, in accordance with the terms and conditions specified in paragraph 7 of this Security and the Indenture referred to in this Security and directs that the check in payment for this Security or the portion thereof and any Securities representing the portion of principal amount hereof not to be so repurchased, be issued and delivered to the registered holder hereof unless a different name has been indicated below. If any portion of this Security not repurchased is to be issued in the name of a Person other than the undersigned, the undersigned shall pay all transfer taxes payable with respect thereto.

Dated:

Fill in for registration of Securities not

repurchased if to be issued other than to and in

the name of the registered holder:

Please print name and address

Date of Requested Repurchase: May 15, 20        

(specify either May 15, 2017, 2022, 2027 or 2032)

B-15

FORM OF REPURCHASE NOTICE

The undersigned registered holder of this Security requests and instructs Chesapeake Energy Corporation (the “Company”) to repurchase this Security, or the portion hereof (which is $1,000 principal amount or a multiple thereof) designated below, on the date specified below under “Date of Requested Repurchase”, in accordance with the terms and conditions specified in paragraph 7 of this Security and the Indenture referred to in this Security and directs that the check in payment for this Security or the portion thereof and any Securities representing the portion of principal amount hereof not to be so repurchased, be issued and delivered to the registered holder hereof unless a different name has been indicated below. If any portion of this Security not repurchased is to be issued in the name of a Person other than the undersigned, the undersigned shall pay all transfer taxes payable with respect thereto.

Dated:

Fill in for registration of Securities not

repurchased if to be issued other than to and in

the name of the registered holder:

Please print name and address

Principal amount to be repurchased (if less than all): $___________________

Date of Requested Repurchase: November 15, 20___

Certificate number (if applicable): ____________________

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B-18