REX ENERGY CORPORATION
2007 LONG-TERM INCENTIVE PLAN
NONQUALIFIED STOCK OPTION AGREEMENT
THIS NONQUALIFIED STOCK OPTION AGREEMENT (this “ Agreement ”) is effective , 200 (the “ Grant
Date ”), between Rex Energy Corporation, a Delaware corporation (the “ Company ”), and (the “ Employee ”).
W I T N E S S E T H :
WHEREAS , the Company has established the Rex Energy Corporation 2007 Long-Term Incentive Plan (the “ Plan ”); and
WHEREAS , the Employee is currently an employee of the Company or one of its Affiliates, and the Company desires to
encourage the Employee’s continued service and, as an inducement thereto, has determined to grant to the Employee pursuant
to the Plan the option provided for herein.
NOW, THEREFORE , in consideration of the premises and the covenants and agreements herein contained and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the
Employee hereby agree as follows:
1. Definitions. Capitalized terms not otherwise defined in this Award Agreement shall have the meanings given to such terms
in the Plan.
2. Grant . Effective as of the Grant Date, the Company hereby grants to the Employee pursuant to the terms and conditions
of the Plan an option (the “ Option ”) to purchase shares of common stock of the Company, $0.001 par value
per share ( “Common Stock” ), at a price of $ per share (the “ Option Price ”). The Option shall be for a term
commencing on the Grant Date and ending on the date immediately preceding the tenth (10 th ) anniversary of the Grant
Date (the “ Expiration Date ”) (unless such Option terminates earlier as provided in this Award Agreement or as set forth
under the terms of the Plan). The Option is subject to the terms and provisions of the Plan, which are hereby incorporated
herein by reference and the terms and provisions of this Award Agreement.