EMPLOYEE INCENTIVE STOCK AGREEMENT
THIS EMPLOYEE INCENTIVE STOCK AGREEMENT (the “ Agreement ”) is made and
entered effective the day of , 200 , by and between PETROHAWK ENERGY
CORPORATION, a Delaware corporation (the “ Company ”), and (the “ Employee
WHEREAS, to carry out the purposes of the Company’s AMENDED AND RESTATED 2004
EMPLOYEE INCENTIVE PLAN, as amended (the “ Plan” ), the Company desires to issue shares of the
common stock of the Company to the Employee pursuant to the terms of this Agreement and the Plan (“
Incentive Stock ”).
NOW THEREFORE , in consideration of the mutual agreements and other matters set forth herein and
in the Plan, the Company and the Employee hereby agree as follows:
1. Grant . The Company hereby grants to Employee ( ) shares of
Incentive Stock (the “ Shares ”) on the terms and conditions set forth herein and in the Plan, which Plan is
incorporated herein by reference.
2. Vesting. The legal ownership of the Shares shall vest immediately upon the execution of this
Agreement by both Employee and the Company.
3. Stock Certificates . Upon execution of this agreement by the Company and Employee, a
certificate representing the Shares shall be registered in the name of Employee and delivered to Employee.
4. Withholding of Tax . To the extent that the granting of the Shares results in compensation
income to the Employee for federal or state income tax purposes, Employee shall pay to the Company (in cash or
to the extent permitted by the Committee, shares of common stock of the Company held by the Employee whose
value is equal to the amount of the Employee’s tax withholding liability as determined by the Committee) any
federal, state or loca