Document:

Tax Matters Agreement, dated as of June 14, 2010

 Exhibit 10.2 

TAX MATTERS AGREEMENT 

by and between 

QUESTAR CORPORATION 

and 

QEP RESOURCES, INC. 

Dated as of June 14, 2010 

 TAX MATTERS AGREEMENT 

This TAX MATTERS AGREEMENT (this “Agreement”), is made and entered into as of June 14, 2010, by and between QUESTAR
CORPORATION, a Utah corporation (“Questar”), and QEP RESOURCES, INC., a Delaware corporation (“QEP”). All capitalized terms not otherwise defined shall have the meanings set forth in Article I. 

RECITALS 

WHEREAS, Questar and certain of its subsidiaries have joined in filing consolidated federal Income Tax Returns and certain consolidated,
combined or unitary state or local Income Tax Returns; 
 WHEREAS, Questar and QEP have entered into that certain Separation and
Distribution Agreement, dated as of the date hereof (the “Separation Agreement”), pursuant to which, among other things, QEP will distribute all of the outstanding common stock of Wexpro Company (“Wexpro”) to
Questar in a transaction intended to qualify for tax-free treatment under Code Section 355, Questar will contribute up to $250 million to the capital of QEP and Questar will distribute all of the outstanding common stock in QEP to
Questar’s stockholders in a transaction intended to qualify for tax-free treatment under Code Sections 368(a)(1)(D) and 355 (collectively, the “Spin-off Transactions”); 

WHEREAS, pursuant to the Spin-off Transactions, QEP and its subsidiaries (other than Wexpro) will leave the Pre-Spin Group (as defined
below); and 
 WHEREAS, the parties hereto, on behalf of themselves and their Affiliates, wish to provide for (i) the
allocation of, and indemnification against, certain liabilities for Taxes, (ii) the preparation and filing of Tax Returns and the payment of Taxes with respect thereto and (iii) certain related matters. 

NOW THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth below, the parties agree as
follows: 
 ARTICLE I. 

DEFINITIONS 

When used herein the following terms shall have the following meanings: 

“Affiliate” means, with respect to any entity (the “given entity”), each entity that directly or indirectly,
through one or more intermediaries, controls, is controlled by, or is under common control with, the given entity. For purposes of this definition, “control” means (a) the possession, directly or indirectly, of 50% or more of the
voting power or value of outstanding equity interests or (b) the power to direct or cause the direction of management and policies of such entity, whether through ownership of securities, partnership or other ownership interests, by contract or
otherwise. 

 “Affiliated Group” means, with respect to a Tax Period, (a) an
affiliated group of corporations within the meaning of Code Section 1504(a) or, for purposes of any state or local Tax matters, any consolidated, combined, unitary or similar group of corporations within the meaning of any similar provisions of
Tax law for the jurisdiction in question, and (b) for purposes of any federal, state or local Income Tax matters, any entity owned by a corporation described in clause (a) that is disregarded as separate from its owner for such purposes.

 “Audit” means any audit, assessment of Taxes, other examination by any Taxing Authority, proceeding or
appeal of such a proceeding relating to Taxes, whether judicial or administrative. 
 “Business” means
(a) with respect to Questar and the Questar Group, the utility business described in the Ruling Request and (b) with respect to QEP and the QEP Group, the energy exploration and production business described in the Ruling Request.

 “Code” means the Internal Revenue Code of 1986, as amended, or any successor thereto, as in effect for the
Tax Period in question. 
 “Current Allocation Methodology” means the allocation methodology that is set forth
in Exhibit A, as applied to Section 2.3(a) Tax Returns. 
 “Distribution Date” means the date on which the
Spin-off Transactions are effected by Questar. 
 “Final Determination” means (i) a decision, judgment,
decree, or other order by a court of competent jurisdiction, which has become final and unappealable; (ii) a closing agreement or accepted offer in compromise under Code Sections 7121 or 7122, or comparable agreements under the laws of other
jurisdictions; (iii) any other final settlement with the IRS or other Taxing Authority (including the execution of IRS Form 870-AD, or a comparable form under the laws of other jurisdictions, but excluding any such form that reserves (whether
by its terms or by operation of law) the right of the taxpayer to file a claim for refund or the right of the Taxing Authority to assert a further deficiency); (iv) the expiration of an applicable statute of limitations; or (v) the
allowance of a refund or credit, but only after the expiration of all periods during which such refund or credit may be recovered (including by way of offset). 

“Income Tax” means any and all Taxes based upon or measured by net income (regardless of whether denominated as an
“income tax,” a “franchise tax” or otherwise). 
 “Income Tax Return” means a Tax Return
relating to an Income Tax. 
 “IRS” means the Internal Revenue Service or any successor thereto. 

“IRS Ruling” means the letter ruling issued by the IRS on April 28, 2010, as supplemented by the letter ruling
issued by the IRS on June 8, 2010, in response to the Ruling Request. 
  

 2 

 “Latham Opinion” means the opinion of Latham & Watkins LLP with
respect to certain matters relating to qualification of the Spin-off Transactions under Code Section 355. 

“Opinion Representation Letters” means the representation letters executed by officers of Questar and QEP and delivered
in connection with the Latham Opinion. 
 “Overdue Rate” means a variable rate of interest per annum equal to
the Federal short-term rate as established from time to time pursuant to Code Section 1274(d). 

“Post-Distribution Tax Period” means a Tax Period that begins after the Distribution Date. 

“Pre-Distribution Tax Period” means a Tax Period that ends on or before the Distribution Date. 

“Pre-Spin Group” means Questar and each entity that would be a member of an Affiliated Group with respect to which
Questar would be the common parent for any Pre-Distribution Tax Period. For purposes of this Agreement, the Pre-Spin Group shall terminate at the end of the day on the Distribution Date. 

“Pre-Spin Member” means any entity that was a member of the Pre-Spin Group. 

“QEP” has the meaning set forth in the preamble to this Agreement. 

“QEP Group” means QEP and each entity that was a Pre-Spin Member and would be a member of an Affiliated Group with
respect to which QEP would be the common parent for any Post-Distribution Tax Period. For purposes of this Agreement, the QEP Group shall exist from and after the beginning of the day immediately after the Distribution Date. 

“QEP Member” means any entity that would be a member of the QEP Group. 

“Questar” has the meaning set forth in the preamble to this Agreement. 

“Questar Group” means Questar and each entity that was a Pre-Spin Member and would be a member of an Affiliated Group
with respect to which Questar would be the common parent for any Post-Distribution Tax Period. For purposes of this Agreement, the Questar Group shall exist from and after the beginning of the day immediately after the Distribution Date. 

“Questar Member” means any entity that would be a member of the Questar Group. 

“Representative” means, with respect to any person or entity, any of such person’s or entity’s directors,
officers, employees, agents, consultants, accountants, attorneys and other advisors. 
 “Responsible Party”
means the party responsible for the preparation and filing of a Tax Return. 
  

 3 

 “Ruling Request” means the private letter ruling request filed by Questar
with the IRS on February 19, 2010, as supplemented and amended from time to time, including the supplemental private letter ruling request filed by Questar with the IRS on May 31, 2010, with respect to certain federal Income Tax matters
relating to the Spin-off Transactions and other related matters. 
 “Section 2.3(a) Tax Return” has the meaning
set forth in Section 2.3(a). 
 “Section 355(e) Tax” shall mean any Taxes imposed on the Pre-Spin
Group resulting from a Final Determination that Section 355(e) of the Code is applicable to the Spin-Off Transactions because the Spin-Off Transactions were part of a plan or series of related transactions pursuant to which one or more persons
acquired directly or indirectly stock of Questar, Wexpro or QEP representing a “50-percent or greater interest” within the meaning of Section 355(e). 

“Separate Affiliated Group” means, with respect to any corporation, such corporation’s separate affiliated group as
defined by Section 355(b)(3) of the Code and the regulations promulgated thereunder. 
 “Separation
Agreement” has the meaning set forth in the Recitals. 
 “Spin-off Transactions” has the meaning set
forth in the Recitals. 
 “Straddle Period” means a Tax Period that begins on or before and ends after the
Distribution Date. 
 “Tax” means any federal, state, foreign or local income, gross receipts, license,
payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental, customs duties, capital stock, franchise, profits, withholding, social security, unemployment, disability, real property, personal property, sales,
use, transfer, registration, value added, alternative or add-on minimum, estimated, or other tax of any kind whatsoever, including any interest, penalty or addition thereto. 

“Taxing Authority” means the IRS or any other governmental authority responsible for the administration of any Tax.

 “Tax Period” means any period prescribed by law or any Taxing Authority for which a Tax Return is required
to be filed or a Tax is required to be paid. 
 “Tax Practices” means the policies, procedures and practices
customarily and consistently employed by the Pre-Spin Group in the preparation and filing of, and positions taken on, any Tax Returns of the Pre-Spin Group or any Pre-Spin Member for any Pre-Distribution Tax Period. 

“Tax Refund” means any refund of Taxes, whether by payment, credit, offset, reduction in Tax or otherwise, plus any
interest or other amounts received or payable with respect to such refund. 
  

 4 

 “Tax Return” means any return (including any information return), report,
statement, declaration, notice, form, election, estimated Tax filing, claim for refund or other filing (including any amendments thereof and attachments thereto) required to be filed with or submitted to any Taxing Authority with respect any Tax.

 “Tax Treatment” has the meaning set forth in Section 3.3(a). 

ARTICLE II. 

FILING OF TAX RETURNS AND PAYMENT OF TAXES 

Section 2.1 Preparation and Filing of Tax Returns. 

 

	 	(a)	Subject to Section 2.3, Questar shall prepare (or caused to be prepared) and timely file: 

 

	 	(i)	all Tax Returns of the Pre-Spin Group or any Pre-Spin Member for any Pre-Distribution Tax Period other than Tax Returns described in Section 2.1(b)(i);

  

	 	(ii)	all Tax Returns of the Pre-Spin Group or any Pre-Spin Member for any Straddle Period other than Tax Returns described in Section 2.1(b)(ii); and

  

	 	(iii)	all Tax Returns of the Questar Group or any Questar Member for all Post-Distribution Tax Periods. 

 

	 	(b)	Subject to Section 2.3, QEP shall prepare (or caused to be prepared) and timely file: 

 

	 	(i)	all Tax Returns for any Pre-Distribution Tax Period that are filed after the Distribution Date that relate solely to the QEP Group or any QEP Member;

  

	 	(ii)	all Tax Returns for any Straddle Period that relate solely to the QEP Group or any QEP Member; and 

 

	 	(iii)	all Tax Returns of the QEP Group or any QEP Member for all Post-Distribution Tax Periods. 

Section 2.2 Provision of Filing Information. Each party shall cooperate with the Responsible Party in the preparation and
filing of all Tax Returns relating to Pre-Distribution Tax Periods and Straddle Periods, including by providing the Responsible Party with (a) all necessary filing information in a manner consistent with past Tax Practices, (b) all other
information reasonably requested in connection with the preparation of such Tax Returns, including permission to copy any applicable documents, and (c) such other assistance reasonably necessary or requested for the filing of such Tax Returns.

  

 5 

 Section 2.3 Advance Review of Tax Returns. 

 

	 	(a)	At least fifteen (15) days, or such other reasonable time as mutually agreed to by both parties, prior to the filing of any federal Income Tax Return for a
Pre-Distribution Tax Period or Straddle Period that includes a QEP Member and any other Tax Return pursuant to Section 2.1(a)(i) or Section 2.1(a)(ii) that includes a QEP Member (collectively, a “Section 2.3(a) Tax
Return”), Questar shall provide QEP with the portion of such Tax Return that relates to the QEP Member. 

  

	 	(b)	QEP and its Representatives shall have the right to review all related work papers prior to Questar’s filing of a Section 2.3(a) Tax Return. Questar shall
consult with QEP and its Representatives regarding its comments with respect to such Tax Returns and shall in good faith consult with such party in an effort to resolve any differences with respect to (i) the preparation and accuracy of such
Tax Returns and their consistency with past Tax Practices and (ii) the recommendations of QEP and its Representatives for alternative positions with respect to items reflected on such Tax Returns; provided, however, that Questar shall not be
obligated to consider any recommendation the result of which would materially adversely affect the Taxes of its Affiliated Group (or any member thereof) for any Straddle Period or Post-Distribution Tax Period, and Questar may condition the
acceptance of any such recommendation upon the receipt of appropriate indemnification from QEP for any increases in Taxes that may result from the adoption of the relevant alternative position. 

Section 2.4 Consistent Positions on Tax Returns. The Responsible Party shall prepare all Tax Returns (a) for all
Pre-Distribution Tax Periods and Straddle Periods in a manner consistent with past Tax Practices and (b) in a manner consistent with the IRS Ruling, the Ruling Request and the Latham Opinion, except in either case as otherwise required by
changes in applicable law or material underlying facts or as consented by the parties hereto in writing, which consent shall not be unreasonably withheld. 

Section 2.5 Taxable Year. The parties agree that, to the extent permitted by applicable law, (a) the Tax Period with
respect to federal Income Taxes of the QEP Members included in the consolidated federal Income Tax Return of the Questar Group for the Tax Period that includes the Distribution Date (and all corresponding consolidated, combined, unitary or similar
state or local Income Tax Returns of the Questar Group) shall end as of the end of the day on the Distribution Date and (b) the QEP Group and each QEP Member shall begin a new taxable year for purposes of such federal, state or local Income
Taxes as of the beginning of the day after the Distribution Date. The parties further agree that, to the extent permitted by applicable law, all federal, state and local Tax Returns shall be filed consistently with this position. 

Section 2.6 Straddle Period Taxes. For purposes of this Agreement, Taxes attributable to Straddle Periods shall be allocated
between the portion of the Straddle Period ending on the Distribution Date and the portion of the Straddle Period beginning after the Distribution Date, as follows: 
  

	 	(a)	Income Taxes shall be allocated on the basis of the actual operations and taxable income for each such period, determined by closing the books of the Pre-Spin Group at
the end of the day on the Distribution Date; and 

  

 6 

	 	(b)	Non-Income Taxes shall be allocated by multiplying the amount of such Taxes for the entire Straddle Period by a fraction, the numerator of which is the number of days
during the applicable portion of the Straddle Period and the denominator of which is the total number of days in the Straddle Period. 

Section 2.7 Payment of Taxes. 
  

	 	(a)	Questar shall be liable for and shall pay all Taxes due and payable (including additional Taxes imposed as a result of a Final Determination) with respect to Tax
Returns filed by Questar pursuant to Section 2.1(a), provided, however, Questar and QEP shall apportion and allocate the liability with respect to any Section 2.3(a) Tax Returns in accordance with the Current Allocation Methodology.

  

	 	(b)	QEP shall be liable for and shall pay all Taxes due and payable (including additional Taxes imposed as a result of a Final Determination) with respect to Tax Returns
filed by QEP pursuant to Section 2.1(b). 

  

	 	(c)	QEP or Questar, as applicable, shall pay to the other party the amount required to be paid pursuant to Section 2.7(a) under the Current Allocation
Methodology within thirty (30) days after written demand is made by such other party; provided, any such amount shall not be payable earlier than five (5) business days before the date on which the applicable Taxes are required to be paid
to the Taxing Authority. 

 Section 2.8 Amended Returns. Notwithstanding anything to the contrary in
this Agreement, no party may file any amendment to a Section 2.3(a) Tax Return without the other party’s consent, which consent shall not be unreasonably withheld. 

Section 2.9 Refunds of Taxes. Questar shall apportion and allocate any Tax Refund realized as a result of a Final
Determination with respect to any Tax Return filed pursuant to Section 2.1(a)(i) and Section 2.1(a)(ii) in the same proportion as the liability for the Taxes with respect to such Tax Return were apportioned and allocated
pursuant to the Current Allocation Methodology. Any Tax Refund realized as a result of a Final Determination with respect to any Tax Return filed pursuant to Section 2.1(a)(iii) and Section 2.1(b) shall be for the benefit of
the Responsible Party. If Questar or QEP, as applicable receives a Tax Refund with respect to which the other party is entitled all or an allocable portion pursuant to this Section 2.9, Questar or QEP, as applicable shall pay such amount
to such other party in accordance with Section 4.1. 
 Section 2.10 Tax Elections. Nothing in this
Agreement is intended to change or otherwise affect any previous tax election made by or on behalf of the Pre-Spin Group (including the election with respect to the calculation of earnings and profits under Code Section 1552 and the regulations
thereunder). Questar, as common parent of the Questar Group, shall continue to have discretion, reasonably exercised, to make any and all elections with respect to all members 

 

 7 

 
of the Pre-Spin Group for all Tax Periods for which it is obligated to file Tax Returns under Section 2.1(a). QEP, as common parent of the QEP Group, shall have sole discretion to
make any and all elections with respect to all members of the QEP Group for all Tax Periods for which it is obligated to file Tax Returns under Section 2.1(b). 

ARTICLE III. 

INDEMNIFICATION 

Section 3.1 By Questar. Subject to Section 3.3, Questar shall indemnify and hold QEP and each QEP Member harmless
against: 
  

	 	(a)	any and all Taxes for which Questar is liable pursuant to Section 2.7(a) and Section 2.7(c); and 

 

	 	(b)	any and all increases in the liability for Taxes of the QEP Group as a result of a member of the Questar Group’s material inaccuracies in, or failure to timely
provide, such information and assistance specified in Section 2.2. 

 Section 3.2 By QEP.
Subject to Section 3.3, QEP shall indemnify and hold Questar and each Questar Member harmless against: 
  

	 	(a)	any and all Taxes for which QEP is liable pursuant to Section 2.7(b) and Section 2.7(c); and 

 

	 	(b)	any and all increases in the liability for Taxes of the Questar Group as a result of a member of the QEP Group’s material inaccuracies in, or failure to timely
provide, such information and assistance specified in Section 2.2. 

 Section 3.3 Tax
Treatment of Spin-off Transactions. 
  

	 	(a)	The parties expressly agree for all purposes to treat the Spin-off Transactions as a tax-free distribution under Code Sections 368(a)(1)(D) and 355 in accordance
with the IRS Ruling and the Latham Opinion (the “Tax Treatment”). Each party hereto also expressly agrees to (i) comply with the representations made in the IRS Ruling, the Ruling Request and in the Opinion Representation
Letters, (ii) not take any action (unless otherwise required by law) that is inconsistent with the Tax Treatment, and (iii) take any and all reasonable actions to support and defend the Tax Treatment. Without limiting the generality of the
foregoing, Questar and QEP further represent, agree and covenant as follows: 

  

	 	(i)	The representations and information contained in the Ruling Request and Opinion Representation Letters, insofar as they concern or relate to such party or its
Affiliates, are true, correct and complete in all material respects. 

  

	 	(ii)	From and after the Distribution Date until the second anniversary thereof, such party shall continue to conduct its Business directly or indirectly through its Separate
Affiliated Group. 

  

 8 

	 	(iii)	From and after the Distribution Date until the second anniversary thereof, such party shall not take any of the following actions unless prior to taking any such
action, it obtains and provides to the other party, a ruling from the IRS or a written opinion from a nationally recognized law firm with expertise in these matters, in form and substance reasonably acceptable to the other party, that such
transaction, and any transaction or transactions related thereto, will not affect the qualification of the Spin-off Transactions under Code Section 355 and will not cause Code Section 355(e) to apply: 

 

	 	(A)	enter into (or, to the extent such party has the right to prohibit such action, permit) any transaction or series of transactions (or any agreement, understanding,
arrangement or substantial negotiations, within the meaning of Code Section 355(e) and Treasury Regulation Section 1.355-7, to enter into a transaction or series of transactions), as a result of which any person or group of related persons
would (directly or indirectly) acquire or have the right to acquire from Questar, Wexpro or QEP, as applicable, or one or more holders of its stock, a number of shares of its stock that, together with any shares issued in an equity offering
described in clause (B) below, would comprise 40% or more of (1) the value of all outstanding shares of stock of Questar, Wexpro or QEP, as applicable, as of the date of such transaction or (2) the total combined voting power of all
outstanding shares of stock of Questar, Wexpro or QEP, as applicable, as of the date of such transaction, or, with respect to either (1) or (2), in the case of a series of transactions, the date of the last transaction of such series; or

  

	 	(B)	issue equity of QEP, Wexpro or Questar in an offering in excess, in the aggregate, together with any shares acquired in a transaction described in clause
(A) above, of 40% of (1) the value of all outstanding shares of stock of Questar, Wexpro or QEP, as applicable, as of the date of such transaction or (2) the total combined voting power of all outstanding shares of stock of Questar,
Wexpro or QEP, as applicable, as of the date of such transaction, or, with respect to either (1) or (2), in the case of a series of transactions, as of the date of the last transaction of such series. 

 

	 	(b)	Notwithstanding anything to the contrary in Section 2.7, Section 3.1, Section 3.2 or Section 6.2(c): 

 

	 	(i)	 If there is a Final Determination that results in the disallowance, in whole or in part, of the Tax Treatment (other than (x) a disallowance which
is addressed by Section 3.3(b)(ii) or (y) the Section 355(e) Tax which is addressed by Section 3.3(b)(iii)), then any liability for Taxes of the Pre-Spin Group as a result of such disallowance shall be divided
between Questar and QEP in proportion to their respective fair market values as of the 

  

 9 

	 	 
Distribution Date, as determined based on the ratio of the closing stock price of Questar Ex-dividend in the “when issued” market divided by Questar’s closing stock price in the
regular-way trading market on the Distribution Date as the proportionate share attributable to Questar. Questar shall be liable for, and shall indemnify QEP and each QEP Member against, any liability for which Questar is responsible pursuant to the
preceding sentence, and QEP shall be liable for, and shall indemnify Questar and each Questar Member against, any liability for which QEP is responsible pursuant to the preceding sentence. 

 

	 	(ii)      (A)	If there is a Final Determination that results in the disallowance, in whole or in part, of the Tax Treatment (other than the Section 355(e) Tax, which is
addressed by Section 3.3(b)(iii)), and Questar or any Questar Member (and neither QEP nor any QEP Member) has taken any action after the Distribution Date which action results in such disallowance, then Questar shall be liable for, and shall
indemnify QEP and each QEP Member against, any Taxes of the Pre-Spin Group as a result of such disallowance. 

  

	 	(B)	If there is a Final Determination that results in the disallowance, in whole or in part, of the Tax Treatment (other than the Section 355(e) Tax, which is
addressed by Section 3.3(b)(iii)), and QEP or any QEP Member (and neither Questar nor any Questar Member) has taken any action after the Distribution Date which action results in such disallowance, then QEP shall be liable for, and shall
indemnify Questar and each other Questar Member against, any Taxes of the Pre-Spin Group as a result of such disallowance. 

  

	 	(iii)     (A)	If there is a Final Determination that Section 355(e) of the Code is applicable to the Spin-Off Transactions solely because the Spin-Off Transactions were part of
a plan or series of related transactions pursuant to which one or more persons acquired directly or indirectly stock of Questar or Wexpro representing a “50-percent or greater interest” within the meaning of Section 355(e), then
Questar shall be liable for, and shall indemnify QEP and each QEP Member against, the Section 355(e) Tax; and 

  

	 	(B)	If there is a Final Determination that Section 355(e) of the Code is applicable to the Spin-Off Transactions solely because the Spin-Off Transactions were part of
a plan or series of related transactions pursuant to which one or more persons acquired directly or indirectly QEP stock representing a “50-percent or greater interest” within the meaning of Section 355(e), then QEP shall pay and be
liable for, and shall indemnify Questar and each Questar Member against, the Section 355(e) Tax. 

  

 10 

	 	(iv)	Any such claim for indemnification to effectuate this Section 3.3(b) shall otherwise be governed in the manner specified under this Article III, but shall
not affect in any manner the provisions of Article V and Article VI (excepted as set forth in Section 6.2(a)) with respect to cooperation and control of Audits. 

Section 3.4 Certain Reimbursements. Each party shall notify the other party of any Taxes paid by it or any member of its
Affiliated Group that are subject to indemnification under this Article III. Any notification pursuant to this Section 3.4 shall include a detailed calculation (including, if applicable, separate allocations of such Taxes between
the parties and supporting work papers) and a brief explanation of the basis for indemnification hereunder. Whenever such a notification is given, the indemnifying party shall pay the amount requested in such notice to the indemnified party in
accordance with Article IV, but only to the extent the indemnifying party agrees with such request. To the extent the indemnifying party disagrees with such request, it shall so notify the indemnified party within thirty (30) days of
receipt of such notice, whereupon the parties shall use their best efforts to resolve any such disagreement. Any indemnification payment made after such thirty (30) day period shall include interest at the Overdue Rate from the date of receipt
of the original indemnification notice. 
 Section 3.5 Adjustments. The parties agree to cooperate in good faith,
without bias to any Questar Member or QEP Member, to make appropriate adjustments to accomplish the objectives of this Article III. 

ARTICLE IV. 

METHOD AND TIMING OF 

PAYMENTS REQUIRED BY THIS AGREEMENT 

Section 4.1 Payment in Immediately Available Funds; Interest. All payments made pursuant to this Agreement shall be made in
immediately available funds. Except as otherwise provided in the Agreement, all payments shall be made within thirty (30) days of receipt of request therefor. Except as otherwise provided in the Agreement, any payment not made within thirty
(30) days of receipt shall thereafter bear interest at the Overdue Rate. 
 Section 4.2 Characterization of
Payments. Any payment (other than interest thereon) made hereunder by Questar to QEP, or by QEP to Questar, shall be treated by all parties for all Tax purposes to the extent permitted by law as a non-taxable distribution or capital contribution
made prior to the end of the day on the Distribution Date, except to the extent that Questar and QEP treat a payment as the settlement of an intercompany liability (including, without limitation, the settlement of an intercompany liability with
respect to the sharing of Tax liabilities pursuant to the Current Allocation Methodology). 
 ARTICLE V. 

COOPERATION; DOCUMENT RETENTION; CONFIDENTIALITY 

Section 5.1 Provision of Cooperation, Documents and Other Information. Upon the reasonable request of any party to this
Agreement, Questar or QEP, as applicable, shall promptly 
  

 11 

 
provide (and shall cause the members of its Affiliated Group to promptly provide) the requesting party with such cooperation and assistance, documents, and other information as may be necessary
or reasonably helpful in connection with (a) the preparation and filing of any Tax Return, (b) the conduct of any Audit involving to any extent Taxes or Tax Returns within the scope of this Agreement or (c) the verification by a party
of an amount payable to or receivable from another party. Such cooperation and assistance shall include, without limitation, (i) the provision of books, records, Tax Returns, documentation or other information relating to any relevant Tax
Return, (ii) the execution of any document that may be necessary or reasonably helpful in connection with the filing of any Tax Return, or in connection with any Audit, including, without limitation, the execution of powers of attorney and
extensions of applicable statutes of limitations with respect to Tax Returns which Questar may be obligated to file on behalf of QEP Members pursuant to Section 2.1, (iii) the prompt and timely filing of appropriate claims for
refund, and (iv) the use of reasonable best efforts to obtain any documentation from a governmental authority or a third party that may be necessary or reasonably helpful in connection with the foregoing. Each party shall make its employees and
facilities available on a mutually convenient basis to facilitate such cooperation. 
 Section 5.2 Retention of Books
and Records. Each party to this Agreement shall retain or cause to be retained (and shall cause each member of their respective Affiliated Groups to retain) all Tax Returns and all books, records, schedules, work papers, and other documents
relating thereto, until the later of (a) the date seven (7) years from the close of the applicable Tax Period, (b) the expiration of all applicable statutes of limitations (including any waivers or extensions thereof) and (c) the
expiration of any retention period required by law (e.g., depreciation or inventory records) or pursuant to any record retention agreement. The parties hereto shall notify each other in writing of any waivers, extensions or expirations of applicable
statutes of limitations. 
 Section 5.3 Confidentiality of Documents and Information. Except as required by law or
with the prior written consent of the other party, all Tax Returns, documents, schedules, work papers and similar items and all information contained therein that are within the scope of this Agreement shall be kept confidential by the parties
hereto and their Representatives, shall not be disclosed to any other person and shall be used only for the purposes provided herein. 

ARTICLE VI. 

AUDITS 

Section 6.1 Notification and Status of Audits or Disputes. Upon the receipt by any party to this Agreement (or any member of
its Affiliated Group) of notice of any pending or threatened Audit pertaining to Taxes subject to indemnification under this Agreement, such party shall promptly notify the other party in writing of the receipt of such notice. Each party to this
Agreement shall use reasonable best efforts to keep the other party advised as to the status of any Audits pertaining to Taxes subject to indemnification under this Agreement. To the extent relating to any such Tax, each party hereto shall promptly
furnish the other party with copies of any inquiries or requests for information from any Taxing Authority or any other administrative, judicial or other governmental authority, as well as copies of any revenue agent’s report or similar report,
notice of proposed adjustment or notice of deficiency. 
  

 12 

 Section 6.2 Control and Settlement. 

 

	 	(a)	Questar shall have the right to control, and to represent the interests of all affected taxpayers in, any Audit relating, in whole or in part, to any Tax Return filed
pursuant to Section 2.1(a)(i) and Section 2.1(a)(ii) and to employ counsel of its choice at its expense; provided, however, that with respect to any issue arising on an Audit of a Section 2.3(a) Tax Return that may have
a material adverse affect on QEP or any QEP Member (including as a result of QEP’s indemnification obligations pursuant to Sections 3.3(b)(i), 3.3(b)(ii)(B) and 3.3 (b)(iii)(B)), (i) Questar and QEP shall jointly control the conduct and
resolution of such issue, and in no event shall either Questar or QEP settle or otherwise resolve any such issue without the written consent of the other, which shall not be unreasonably withheld; (ii) QEP shall provide Questar a written
response to any notification by Questar of a proposed settlement within ten (10) days of its receipt of such notification; and (iii) if QEP fails to respond within such ten (10) day period, it shall be deemed to have consented to the
proposed settlement. Each of Questar and QEP shall bear its own costs incurred in participating in any proceeding relating to any Audit under this Section 6.2(a). 

 

	 	(b)	QEP shall have the right to control, and to represent the interests of all affected taxpayers in, any Audit relating, in whole or in part, to any Tax Return filed
pursuant to Section 2.1(b)(i) and Section 2.1(b)(ii) and to employ counsel of its choice at its expense. 

  

	 	(c)	The payment of any Taxes as a result of a Final Determination with respect to an Audit, as well as any payments between Questar and QEP with respect to such Taxes to
the extent such Audit relates to a Section 2.3(a) Tax Return and the Current Allocation Methodology applies, shall be governed by Section 2.7. 

Section 6.3 Delivery of Powers of Attorney and Other Documents. Questar and QEP shall execute and deliver to the other party,
promptly upon request, powers of attorney authorizing such other party to extend statutes of limitations, receive refunds, negotiate settlements and take such other actions that Questar or QEP, as applicable, reasonably considers to be appropriate
in exercising its control rights pursuant to Section 6.2, and any other documents reasonably necessary thereto to effect the exercise of such control rights. 

ARTICLE VII. 

MISCELLANEOUS 

Section 7.1 Effectiveness. This Agreement shall be effective from and after the Distribution Date and shall survive until the
expiration of any applicable statute of limitations. 
 Section 7.2 Entire Agreement. This Agreement, together with
all documents and instruments referred to herein and therein, constitute the entire agreement among the parties hereto with respect to the subject matter hereof and supersede and terminate all prior agreements and understandings, both written and
oral. 
  

 13 

 Section 7.3 Guarantees of Performance. Each party hereby guarantees the complete
and prompt performance by the members of its Affiliated Groups of all of their obligations and undertakings pursuant to this Agreement. If, subsequent to the consummation of the Spin-off Transactions, either Questar or QEP shall be acquired by
another entity (the “acquirer”) such that 50% or more of the acquired corporation’s common stock is held by the acquirer and its Affiliates, the acquirer shall, by making such acquisition, simultaneously agree to jointly and severally
guarantee the complete and prompt performance by the acquired corporation and any Affiliate of the acquired corporation of all of their obligations and undertakings pursuant to this Agreement and the acquired corporation shall cause such acquirer to
enter into an agreement reflecting such guarantee. 
 Section 7.4 Severability. In the event any one or more of the
provisions contained in this Agreement should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby. It is hereby
stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions hereof without including any of such which may hereafter be declared invalid, void or unenforceable.
In the event that any such term, provision, covenant or restriction is hereafter held to be invalid, void or unenforceable, the parties hereto agree to use their best efforts to find and employ an alternate means to achieve the same or substantially
the same result as that contemplated by such term, provision, covenant or restriction. 
 Section 7.5 Waiver.
Neither the failure nor any delay on the part of any party to exercise any right under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right preclude any other or further exercise of the same or any
other right, nor shall any waiver of any right with respect to any occurrence be construed as a waiver of such right with respect to any other occurrence. 

Section 7.6 Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of Utah
without regard to any applicable conflicts of law principles, except with respect to matters of law concerning the internal corporate or other organizational affairs of any entity which is a party to or subject of this Agreement, and as to those
matters the law of the jurisdiction under which the respective entity derives its powers shall govern. 
 Section 7.7
Notices. All notices and other communications required or permitted under this Agreement shall be in writing and shall be duly given when delivered in person, by facsimile (with a confirmed receipt thereof), by messenger or courier service,
or by registered or certified mail (postage prepaid, return receipt requested), at the following addresses (or at such other address for a party as shall be specified by like notice): 

If to Questar, to: 

Questar Corporation 

180 East 100 South 

Salt Lake City, Utah 84111 

Attention: General Counsel 

Facsimile: (801) 324-5483 
  

 14 

 If to QEP, to: 

QEP Resources, Inc. 

1050 Seventeenth Street 

Suite 500 

Denver, Colorado 80202 

Attention: General Counsel 

Facsimile: (303) 573-0314 

Section 7.8 Amendments. This Agreement may be amended at any time only by written agreement executed and delivered by duly
authorized officers of Questar and QEP. 
 Section 7.9 Successors and Assigns. Neither this Agreement nor any of the
rights, interests or obligations hereunder shall be assigned by either party hereto (by operation of law or otherwise), without the prior written consent of the other party. All provisions of the Agreement shall be binding upon, inure to the benefit
of and be enforceable by the parties and their respective successors and assigns. 
 Section 7.10 No Third-Party
Beneficiaries. This Agreement is solely for the benefit of the parties to this Agreement and their respective Affiliates and should not be deemed to confer upon third parties any remedy, claim, liability, reimbursement, claim of action or other
right in excess of those existing without this Agreement. 
 Section 7.11 Headings; References. The article, section
and paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. All references herein to “Article”, “Sections” or
“Exhibits” shall be deemed to be references to Articles or Sections hereof or Exhibits hereto unless otherwise indicated. 

Section 7.12 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be
an original instrument, and all such counterparts shall together constitute one and the same instrument. 
 Section 7.13
Predecessors and Successors. To the extent necessary to give effect to the purposes of this Agreement, any reference to any corporation or other entity shall also include any predecessors or successors thereto, by operation of law or
otherwise. 
 Section 7.14 Specific Performance. The parties hereto acknowledge and agree that irreparable damages
will result if this Agreement is not performed in accordance with its terms, 
  

 15 

 
and each party agrees that any damages available at law for a breach of this Agreement would not be an adequate remedy. Therefore, to the full extent permitted by applicable law, the provisions
hereof and the obligations of the parties hereunder shall be enforceable in a court of equity, or other tribunal with jurisdiction, by a decree of specific performance, and appropriate injunctive relief may be applied for and granted in connection
therewith. 
 Section 7.15 Further Assurances. Subject to the provisions hereof, the parties hereto shall make,
execute, acknowledge and deliver such other instruments and documents, and take all such other actions, as may be reasonably required in order to effectuate the purposes of this Agreement and to consummate the transactions contemplated hereby.
Subject to the provisions hereof, each party shall, in connection with entering into this Agreement, performing its obligations hereunder and taking any and all actions relating hereto, comply with all applicable laws, regulations, orders and
decrees, obtain all required consents and approvals and make all required filings with any governmental authority (including any regulatory or administrative agency, commission or similar authority) and promptly provide the other party with all such
information as it may reasonably request in order to be able to comply with the provisions of this sentence. 

Section 7.16 Setoff. All payments to be made by any party under this Agreement shall be made without setoff, counterclaim or
withholding, all of which are expressly waived. 
 Section 7.17 Expenses. Except as specifically provided in this
Agreement, each party agrees to pay its own costs and expenses resulting from the fulfillment of its respective obligations hereunder. 

Section 7.18 Rules of Construction. Any ambiguities shall be resolved without regard to which party drafted the Agreement.

 [Signature Page Follows] 
  

 16 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date
above written. 
  

			
	QUESTAR CORPORATION,
	a Utah corporation
	
	By:   /s/ Keith O.
Rattie                                        
       
	Name:	 	Keith O. Rattie
	Title:	 	Chairman, President and Chief Executive
		 	Officer
	
	 QEP RESOURCES, INC.,

a Delaware corporation

	
	By:   /s/ Charles B.
Stanley                                        
 
	Name:	 	Charles B. Stanley
	Title:	 	President and Chief Executive Officer

  

 S-1Transition Services Agreement, dated as of June 14, 2010

 Exhibit 10.3 

TRANSITION SERVICES AGREEMENT 

by and between 

QUESTAR CORPORATION 

and 

QEP RESOURCES, INC. 

Dated as of June 14, 2010 

 TABLE OF CONTENTS 

 

							
	 	 	 	 	 	  	Page
	 1.
	 	     DEFINITIONS
	  	1
	 2.
	 	     SERVICES
	  	3
		 	 2.1
	 	 Scope of Services
	  	3
		 	 2.2
	 	 Provision of Services
	  	4
		 	 2.3
	 	 No Financing to Services Recipient
	  	4
		 	 2.4
	 	 No Assumption or Modification of Obligations
	  	4
		 	 2.5
	 	 Application of Resources
	  	4
		 	 2.6
	 	 Performance of Services
	  	5
		 	 2.7
	 	 Transitional Nature of Services; Changes
	  	5
		 	 2.8
	 	 Omitted Services; Additional Services; Extension of Services Terms
	  	5
		 	 2.9
	 	 Impracticability
	  	6
		 	 2.10
	 	 Project Managers
	  	6
		 	 2.11
	 	 Cooperation
	  	6
		 	 2.12
	 	 Good Faith Mutual Assistance
	  	6
	 3.
	 	     PRICING
	  	7
		 	 3.1
	 	 Fees
	  	7
		 	 3.2
	 	 Invoices; Payment Procedures
	  	7
		 	 3.3
	 	 Payment Disputes
	  	7
		 	 3.4
	 	 Expenses
	  	8
	 4.
	 	     SERVICES TERM; TERMINATION
	  	8
		 	 4.1
	 	 Services Term
	  	8
		 	 4.2
	 	 Termination
	  	8
		 	 4.3
	 	 Rights and Obligations Upon Termination
	  	9
		 	 4.4
	 	 Termination of Certain Arrangements
	  	9
		 	 4.5
	 	 Sharing of Certain Existing Licenses
	  	9
	 5.
	 	     RETURN OF LEASED PROPERTY OR LICENSED SOFTWARE
	  	10
	 6.
	 	     DISCLAIMER OF REPRESENTATIONS AND WARRANTIES
	  	10
	 7.
	 	     EFFECTIVE DATE
	  	10
	 8.
	 	     INTERNAL CONTROLS AND PROCEDURES
	  	10
	 9.
	 	     BOOKS AND RECORDS; AUDITS
	  	11
		 	 9.1
	 	 Books and Records
	  	11
		 	 9.2
	 	 Audit of Performance
	  	11
		 	 9.3
	 	 Audit Assistance
	  	11
	 10.
	 	     COMPLIANCE WITH LAWS AND GOVERNMENTAL REQUIREMENTS
	  	12
	 11.
	 	     LIMITATION OF LIABILITY; INDEMNITY
	  	12
		 	 11.1
	 	 Service Provider’s Limitation of Liability
	  	12
		 	 11.2
	 	 Service Recipient Indemnity
	  	12
		 	 11.3
	 	 Service Provider Indemnity
	  	12
		 	 11.4
	 	 Procedures
	  	13
	 12.
	 	     DISPUTE RESOLUTION
	  	13
	 13.
	 	     PROPERTY RIGHTS; TRADEMARK LICENSE
	  	13
		 	 13.1
	 	 No Transfer
	  	13
		 	 13.2
	 	 Human Resources Branding
	  	14

  

 i 

							
	 14.
	 	     CONFIDENTIAL INFORMATION
	  	15
	 15.
	 	     MISCELLANEOUS
	  	16
		 	 15.1
	 	 Complete Agreement
	  	16
		 	 15.2
	 	 Counterparts
	  	16
		 	 15.3
	 	 Survival of Agreement
	  	16
		 	 15.4
	 	 Expenses
	  	16
		 	 15.5
	 	 Notices
	  	16
		 	 15.6
	 	 Waivers
	  	17
		 	 15.7
	 	 Amendments
	  	17
		 	 15.8
	 	 Assignment
	  	17
		 	 15.9
	 	 Successors and Assigns
	  	17
		 	 15.10
	 	     Termination
	  	17
		 	 15.11
	 	     Subsidiaries
	  	18
		 	 15.12
	 	     Third Party Beneficiaries
	  	18
		 	 15.13
	 	     Title and Headings
	  	18
		 	 15.14
	 	     Schedules
	  	18
		 	 15.15
	 	     Governing Law
	  	18
		 	 15.16
	 	     Consent to Jurisdiction
	  	18
		 	 15.17
	 	     Specific Performance
	  	18
		 	 15.18
	 	     Waiver of Jury Trial
	  	19
		 	 15.19
	 	     Severability
	  	19
		 	 15.20
	 	     Force Majeure
	  	19
		 	 15.21
	 	     Construction
	  	19
		 	 15.22
	 	     Authorization
	  	19
		 	 15.23
	 	     References; Interpretations
	  	20
		 	 15.24
	 	     Status of Service Provider as Independent Contractor
	  	20

  

 ii 

 TRANSITION SERVICES AGREEMENT 

THIS TRANSITION SERVICES AGREEMENT (this “Agreement”) is entered into as of June 14, 2010, by and between Questar
Corporation, a Utah corporation (“Questar”), and QEP Resources, Inc., a Delaware corporation (“QEP”), each a “Party” and together, the “Parties”. 

R E C I T A L S 

WHEREAS, Questar, acting through its direct and indirect subsidiaries, conducts two different businesses, being the Questar Business and
the QEP Business (each as defined below); 
 WHEREAS, to effect this separation the Parties entered into that certain Separation
and Distribution Agreement dated as of even date hereof (as amended or otherwise modified from time to time, the “Separation Agreement”); 

WHEREAS, Questar and QEP desire that if (but only if) the Distribution occurs, in order to facilitate the separation of the QEP Business
from the Questar Business, Questar will provide to QEP and its subsidiaries during the relevant Services Term, directly or through Questar’s Affiliates or subcontractors, the Questar Services, all in accordance with the terms and subject to the
conditions set forth in this Agreement; and 
 WHEREAS, Questar and QEP desire that if (but only if) the Distribution occurs, in
order to facilitate the separation of the QEP Business from the Questar Business, QEP will provide to Questar and its subsidiaries during the relevant Services Term, directly or through QEP’s Affiliates or subcontractors, the QEP Services, all
in accordance with the terms and subject to the conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of
the foregoing premises, the mutual promises and covenants hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, agree as follows:

 1. DEFINITIONS. As used in this Agreement, the following capitalized terms shall have the following meanings: 

“Action” shall have the meaning set forth in the Separation Agreement. 

“Additional Service” shall have the meaning set forth in Section 2.8(b). 

“Affiliate” shall have the meaning set forth in the Separation Agreement. 

“Agreement” shall have the meaning set forth in the preamble hereof. 

“Agreement Dispute” shall have the meaning set forth in Section 12. 

“Ancillary Agreement” shall have the meaning set forth in the Separation Agreement. 

“Assets” shall have the meaning set forth in the Separation Agreement. 

 

 1 

 “Auditing Entity” shall have the meaning set forth in
Section 9.3. 
 “Business” shall mean the Questar Business or the QEP Business, as applicable.

 “Business Day” shall have the meaning set forth in the Separation Agreement. 

“Confidential Information” shall have the meaning set forth in the Separation Agreement. 

“Contract” shall have the meaning set forth in the Separation Agreement. 

“Default Interest Rate” shall have the meaning set forth in Section 3.2(c). 

“Distribution” shall have the meaning set forth in the Separation Agreement. 

“Distribution Date” shall have the meaning set forth in the Separation Agreement. 

“Due Date” shall have the meaning set forth in Section 3.2(a). 

“Effective Date” shall have the meaning set forth in the Separation Agreement. 

“Fee” or “Fees” shall have the meaning set forth in Section 3.1. 

“FERC” shall mean the Federal Energy Regulatory Commission, or its successor agency. 

“Force Majeure” shall have the meaning set forth in the Separation Agreement. 

“Governmental Approvals” shall have the meaning set forth in the Separation Agreement. 

“Governmental Entity” shall have the meaning set forth in the Separation Agreement. 

“Group” shall mean either the Questar Group or the QEP Group, as applicable. 

“Law” shall have the meaning set forth in the Separation Agreement. 

“Liabilities” shall have the meaning set forth in the Separation Agreement. 

“Omitted Service” shall have the meaning set forth in Section 2.8(a). 

“Party” shall have the meaning set forth in the preamble hereof. 

“Person” shall have the meaning set forth in the Separation Agreement. 

“Prime Rate” shall have the meaning set forth in the Separation Agreement. 

“QEP” shall have the meaning set forth in the preamble hereof. 

“QEP Business” shall have the meaning set forth in the Separation Agreement. 

“QEP Group” shall have the meaning set forth in the Separation Agreement. 

 

 2 

 “QEP Liabilities” shall have the meaning set forth in the Separation
Agreement. 
 “QEP Project Manager” shall have the meaning set forth in Section 2.10. 

“QEP Services” shall mean the limited enumerated services described on Schedule B attached to this Agreement and
included herein. 
 “Questar” shall have the meaning set forth in the preamble hereof. 

“Questar Business” shall have the meaning set forth in the Separation Agreement. 

“Questar Group” shall have the meaning set forth in the Separation Agreement. 

“Questar Liabilities” shall have the meaning set forth in the Separation Agreement. 

“Questar Project Manager” shall have the meaning set forth in Section 2.10. 

“Questar Services” shall mean the limited enumerated services described on Schedule A attached to this Agreement
and included herein. 
 “Separation Agreement” shall have the meaning set forth in the recitals hereto.

 “Service” shall mean any of the QEP Services and the Questar Services, as applicable. 

“Service Provider” shall mean Questar with respect to the Questar Services, and QEP with respect to the QEP Services.

 “Service Recipient” shall mean QEP with respect to the Questar Services, and Questar with respect to the QEP
Services. 
 “Services Term” shall have the meaning set forth in Section 4.1. 

“Subsidiary” shall have the meaning set forth in the Separation Agreement. 

“TM License Period” shall have the meaning set forth in Section 13.2(a). 

“Trademarks” shall have the meaning set forth in Section 13.2(a). 

“Wyoming Courts” shall have the meaning set forth in Section 15.16. 

2. SERVICES. 

2.1 Scope of Services. 

(a) QEP hereby retains Questar to provide, and Questar hereby agrees to provide, the Questar Services to QEP or any of its
subsidiaries, as designated by QEP, during the relevant Services Term. 
  

 3 

 (b) Questar hereby retains QEP to provide, and QEP hereby agrees to provide,
the QEP Services to Questar or any of its subsidiaries, as designated by Questar, during the relevant Services Term. 

(c) Notwithstanding anything to the contrary in this Agreement, (i) the Questar Services shall be available to QEP or
any of its subsidiaries only for the purposes of conducting the QEP Business in a substantially consistent manner as it was conducted immediately prior to the Effective Date; and (ii) the QEP Services shall be available to Questar or any of its
subsidiaries only for the purposes of conducting the Questar Business in a substantially consistent manner as it was conducted immediately prior to the Effective Date. 

(d) Nothing in this Agreement shall preclude a Service Recipient from obtaining, in whole or in part, services of any
nature that may be obtainable from a Service Provider, from its own employees or from providers other than the Service Provider. 

2.2 Provision of Services. The Questar Services may be directly provided by Questar or may be provided through any of its
Affiliates or subcontractors, and the QEP Services may be directly provided by QEP or may be provided through any of its Affiliates or subcontractors; provided, that prior to subcontracting any of the Questar Services or QEP Services, as
applicable, Service Provider shall give notice to Service Recipient of its intent to subcontract any portion of the Services, that are not specifically listed on the Schedules as currently outsourced or provided by a third party (which notice shall
specify the Services proposed to be subcontracted and the identity of the proposed subcontractor) and Service Recipient shall have five Business Days to determine, in its sole discretion, whether to permit such subcontracting or to cancel such
Service. 
 2.3 No Financing to Services Recipient. In no event shall a Service Provider or its Affiliates be
required to (i) lend any funds to a Service Recipient or its Affiliates; (ii) expend funds for any additional equipment or material or property (real or personal) on behalf of a Service Recipient; or (iii) make any payments or
disbursements on behalf of a Service Recipient, except to the extent such Service Recipient has previously delivered to Service Provider sufficient funds to make any such expenditures, payment or disbursement. 

2.4 No Assumption or Modification of Obligations. Nothing herein shall be deemed to alter the allocation of Assets and
Liabilities provided in the Separation Agreement, or to alter, amend or otherwise modify any obligation of Questar or QEP with respect to Questar Liabilities or QEP Liabilities, respectively, under the Separation Agreement. 

2.5 Application of Resources. Unless otherwise expressly required under the terms of any relevant Schedule hereto or the
Separation Agreement, or otherwise agreed to by the Parties in writing, in providing the Services, Service Provider or its Affiliates shall not be obligated to: (i) maintain the employment of any specific employee or subcontractor;
(ii) purchase, lease or license any additional (measured as of the even date hereof) equipment or materials (expressly excluding any renewal or extension of any leases or licenses required for Service Provider to perform the relevant Services
during the relevant Services Term); or (iii) pay any of Service Recipient’s costs related to its or any of its Affiliates’ receipt of the Services. 

 

 4 

 2.6 Performance of Services. Subject to the other terms (i) in this
Agreement setting forth and circumscribing Service Provider’s performance obligations hereunder (including in Sections 2.1, 2.2, 2.3, 2.5, 2.7, 2.8, 2.9 and 6), and (ii) in the
relevant Schedules hereto, each Service Provider shall perform, or cause the applicable members of its Group or any of its Affiliates or subcontractors to perform, the Services required to be provided by it hereunder in a manner specifically
described in the relevant Schedules hereto, or, to the extent not so described in such Schedules, in a manner that is substantially the same in nature, accuracy, quality, completeness, timeliness, responsiveness and efficiency with how such relevant
Services, if any, have been rendered within the Questar organization prior to the Effective Date. 
 2.7 Transitional
Nature of Services; Changes. The Parties acknowledge the transitional nature of the Services and agree that notwithstanding anything to the contrary herein, each Service Provider may make changes from time-to-time in the manner of performing
the Services if such Service Provider is making similar changes in performing similar services for itself and/or its Affiliates; provided that Service Provider must provide Service Recipient with at least thirty (30) days prior written
notice of such changes. 
 2.8 Omitted Services; Additional Services; Extension of Services Terms. 

(a) Omitted Services. If, after the Distribution Date and prior to December 31, 2010, a Party identifies a
service that the other Party (or a member of such other Party’s Group) previously provided to such first Party (or any of its subsidiaries) prior to the Distribution Date, but such service was inadvertently omitted from inclusion in the
Services to be received by such first Party under this Agreement (an “Omitted Service”), then, upon the prior written consent of the Party that would be the Service Provider of such Omitted Service (which consent shall not be
unreasonably withheld), such Omitted Service shall be added and considered as part of the Services to be provided by such Service Provider. The Parties shall cooperate and act in good faith to reach agreement on the fees and other specific terms and
conditions applicable to such Omitted Service, provided that if such Omitted Service is substantially similar to any other Service provided by Service Provider under this Agreement, such fees and other specific terms and conditions shall be
substantially similar to the fees and other specific terms and conditions applicable to such other Services. Upon the Parties agreement on the fees and other specific terms and conditions applicable to an Omitted Service, the Parties shall execute
an amendment to this Agreement that provides for the substitution of the relevant Schedule, or additional and supplemental Schedules, in order to describe such Omitted Service and the agreement upon the related fees and other specific terms and
conditions applicable thereto. 
 (b) Additional Services; Extension of Services Terms. In the event that
the Parties identify and agree upon (i) an additional service to be provided under this Agreement, as well as the related fees and other specific terms and conditions applicable thereto (an “Additional Service”), or
(ii) an extension of any particular Service Term for any Service, as well as the related fees and other specific terms and conditions applicable 

 

 5 

 
thereto, the Parties shall execute an amendment to this Agreement that provides for the substitution of the relevant Schedule, or additional and supplemental Schedules, in order to describe such
Additional Service or extension, and the agreed upon related fees and other specific terms and conditions applicable thereto. 

2.9 Impracticability. Subject to the provisions of Section 2.11, Service Provider shall not be required to
provide any Service to the extent: (A) that the performance of the Services would (i) require Service Provider or any of its Affiliates to violate any applicable Laws (including any applicable codes or standards of conduct established by
FERC or any other Governmental Entity with respect to their activities subject to the jurisdiction of FERC or such other Governmental Entity) or any internal policy reasonably adopted in order to comply with any applicable Laws; (ii) result in
the breach of any software license, lease, or other Contract; or (iii) require prior approval of a Governmental Entity (except to the extent such approval has already been obtained); or (B) as provided under Section 15.20 with
respect to a Force Majeure event. 
 2.10 Project Managers. Questar shall designate to QEP at least one individual
to whom all of QEP’s communications may be addressed with respect to the Questar Services and who has authority to act for and bind Questar in all aspects with respect to the Questar Services (the “Questar Project Manager”).
QEP shall designate to Questar at least one individual to whom all of Questar’s communications may be addressed with respect to the QEP Services and who has authority to act for and bind QEP in all aspects with respect to the QEP Services (the
“QEP Project Manager”). The initial Questar Project Manager designated by Questar shall be Kelly Maxfield and the initial QEP Project Manager designated by QEP shall be M. L. Owen. 

2.11 Cooperation. In the event that there is nonperformance of any Service as a result of (i) a Force Majeure event
described in Section 15.20, or (ii) impracticability pursuant to Section 2.9, the Parties agree to work together in good faith to arrange for an alternative means by which the applicable Service Recipient may obtain, at
its sole cost and expense, the Service so affected. The Parties and the members of their respective Groups shall cooperate with each other in connection with the performance of the Services, including producing on a timely basis all Contracts,
documents and other information that are reasonably requested with respect to the performance of Services; provided, however, that such cooperation shall not unreasonably disrupt the normal operations of the Parties and the members of
their respective Groups; and provided, further, that the Party requesting cooperation shall pay all reasonable out-of-pocket costs and expenses incurred by the Party or any members of its Group furnishing such requested cooperation,
unless otherwise expressly provided in this Agreement or the Separation Agreement. 
 2.12 Good Faith Mutual
Assistance. The Parties agree that they cannot contemplate the extent and nature of all necessary Services that may be needed during the transition period, and that from time to time additional Services and consultation may be necessary
between the Parties. The Parties agree to cooperate in good faith to assist each other in areas not specifically identified in the Schedules attached hereto, provided, however, that the Party rendering Services shall be reasonably
compensated for such additional Services provided. 
  

 6 

 3. PRICING. 

3.1 Fees. In consideration of Service Provider’s performance of the relevant Services, Service Recipient shall pay to
Service Provider a fee that shall be calculated on a time and materials basis, including an overhead burden of 35% applied to any direct labor costs (individually a “Fee” and collectively the “Fees”). Out-of-pocket
and other expenses shall be billed at cost, with no escalation or overhead burdens. The Fees payable pursuant to this Agreement were arrived at by the Parties bargaining at arm’s length and are intended to represent the fair market value for
the Services. 
 3.2 Invoices; Payment Procedures. 

(a) Service Provider shall invoice Service Recipient on a monthly basis for all Fees accrued with respect to the prior
month. Fees shall be payable by Service Recipient within thirty (30) days after Service Recipient’s receipt of an invoice (the “Due Date”). All amounts (i) payable pursuant to the terms of this Agreement shall be paid
to Service Provider as directed by Service Provider, and (ii) due and payable hereunder shall be invoiced and paid in U.S. dollars, except as may be expressly provided in any relevant Schedule hereto. A Service Recipient’s obligation to
make any required payments under this Agreement shall not be subject to any unilateral right of offset, set-off, deduction or counterclaim, however arising. 

(b) Interest. In the absence of a timely notice of billing dispute in accordance with the provisions of
Section 3.2, amounts not paid on or before the Due Date shall be payable with interest, accrued at the then effective Prime Rate plus 2% (the “Default Interest Rate”) (or the maximum legal rate whichever is lower),
calculated for the actual number of days elapsed, accrued from the Due Date until the date of the actual receipt of payment. 

(c) Taxes. If any Governmental Entity shall impose a tax on the Services rendered to a Service Recipient or its
subsidiaries by Service Provider hereunder, Service Recipient agrees to pay, or remit to Service Provider so that Service Provider may pay, the amount of such tax imposed on the Services rendered to Service Recipient or its subsidiaries by Service
Provider under this Agreement. Notwithstanding anything to the contrary contained in this Agreement, Service Recipient shall have no liability for, and shall not be obligated to pay for, any property taxes of any kind or type applicable to the
property of Service Provider or any of its subsidiaries or any income taxes of any kind or type applicable to the income of Service Provider or any of its subsidiaries in providing such Services to a Service Recipient, except as may be expressly
provided in any relevant Schedule hereto. 
 3.3 Payment Disputes. In the event that Service Recipient disputes
any invoice or portion thereof, Service Recipient shall, prior to the Due Date, provide Service Provider written notice of the disputed amounts, together with a statement of the particulars of the dispute, including the calculations with respect to
any errors or inaccuracies claimed. Should Service Recipient fail to provide timely evidence of the invoice errors claimed on or before the Due Date, the disputed amounts shall be owed with interest at the Default Interest Rate from the Due

  

 7 

 
Date until payment is received. Should Service Recipient provide the required information on or before the Due Date, Service Provider shall make a determination on the dispute no later than
thirty (30) days after the Due Date. If Service Recipient has (i) underpaid the amount actually due, Service Recipient shall remit any amount due plus interest at the Default Interest Rate from the Due Date until paid within five
(5) Business Days after receipt of the determination from Service Provider, or (ii) overpaid the amount actually due, Service Provider shall remit to Service Recipient any refund within five (5) Business Days after determination of
such overpayment plus interest at the Default Interest Rate on such refund from the date Service Provider received the overpayment until refunded. Notwithstanding any disputed invoice or portion thereof, Service Recipient shall nevertheless pay when
due any undisputed amount of such invoice to Service Provider. 
 3.4 Expenses. In addition to the payment of all
Fees, Service Recipient shall reimburse Service Provider for all reasonable out-of-pocket costs and expenses incurred by Service Provider or its Affiliates in connection with providing the Services (including necessary travel-related expenses) to
the extent that such costs and expenses are not reflected in the Fees for such Services; provided, however, any expense exceeding $1,000 per month for any Service (including business travel and related expenses) shall require advance
approval of Service Recipient. Any authorized travel-related expenses incurred in performing the Services shall be incurred and charged to Service Recipient in accordance with Service Provider’s then applicable business travel policies.

 4. SERVICES TERM; TERMINATION. 

4.1 Services Term. The performance of the Services shall commence on the Distribution Date and, unless earlier terminated
pursuant to Sections 4.2 or 4.3, shall terminate no later than December 31, 2011, unless an earlier date is expressly stated in any relevant Schedule attached hereto or on an earlier date per Service with at least twenty
days’ written notice (the “Services Term”). 
 4.2 Termination. This Agreement or any
specific Service, as specified below in this Section 4.2, may be terminated prior to the expiration of the relevant Services Term only as follows: 

(a) with respect to all Questar Services, by QEP by giving a termination notice to Questar, provided that the
termination will be effective 20 days following receipt of notice of such termination notice,; 
 (b) with
respect to all QEP Services, by Questar by giving a termination notice to QEP, provided that the termination will be effective 20 days following receipt of notice of such termination 

(c) with respect to all Services that are adversely affected by a breach, by the non-breaching Party if the other Party
fails to observe or perform in any material respect any term, obligation, or condition of this Agreement and the defaulting Party does not cure such failure within fifteen (15) days after written demand by the first Party, provided that
if the defaulting Party begins promptly and 
  

 8 

 
diligently to cure such breach in accordance with this provision and such breach is not capable of being cured within such 15-day period, the defaulting Party shall have up to an additional
fifteen (15) days to cure such breach if it demonstrates that it is reasonably capable of curing such breach within such additional 15-day period; 

(d) with respect to the entire Agreement, by either Party if the other Party makes a general assignment for the benefit of
creditors, or files a voluntary petition in bankruptcy or for reorganization or rearrangement under the bankruptcy laws, or if a petition in bankruptcy is filed against such other Party and is not dismissed within thirty (30) days after the
filing, or if a receiver or trustee is appointed for all or a material portion of the property or assets used by the other Party to perform Services hereunder; or 

(e) with respect to all Services that are adversely affected by a Force Majeure event, by Service Recipient if Service
Provider fails to perform in any material respect its obligation to perform any Service as a result of circumstances of Force Majeure and such Force Majeure event continues to exist for at least sixty (60) consecutive days. 

4.3 Rights and Obligations Upon Termination. Upon expiration of the Services Term or in the event of a termination pursuant
to Section 4.2, no Party, nor any of its Affiliates, shall have any liability or further obligation to any other Party or any of its Affiliates pursuant to this Agreement, except: (i) that the provisions of Sections 3 (to the
extent of amounts accrued thereunder through the date of such expiration or termination), 4, 5, 6, 9, 11, 12, 13, 14 and 15 (as well as in each case associated defined terms) shall
survive any such expiration or termination and not be extinguished thereby; and (ii) any Party nevertheless shall be entitled to seek any remedy to which it may be entitled at law or in equity for the violation or breach by the other Party of
any agreement, covenant, representation, warranty, or indemnity contained in this Agreement that occurs prior to such expiration or termination. 

4.4 Termination of Certain Arrangements. 

(a) Except for goods and services as may be provided under an Ancillary Agreement, QEP’s right to receive goods and
services from Questar or through arrangements between Questar and third parties, except in each case for those that are part of the Questar Services, shall terminate as of the Effective Date. 

(b) Except for goods and services as may be provided under an Ancillary Agreement, Questar’s right to receive goods
and services from QEP or through arrangements between QEP and third parties, except in each case for those that are part of the QEP Services, shall terminate as of the Effective Date. 

4.5 Sharing of Certain Existing Licenses. 

(a) Prior to the Effective Date, QEP, as a wholly-owned subsidiary of Questar, has utilized certain software licenses
pursuant to agreements or accounts between Questar and the vendor of such software. Such licenses are described or set forth on Schedule C attached to this Agreement and included herein. With

  

 9 

 
respect to the licenses described or set forth on Schedule C, Questar shall notify the vendor of such software that such licenses are being shared with QEP for an interim period. Each of
the parties hereto agrees to use its respective commercially reasonable efforts to assist the other party (at no cost to the other party) in obtaining any third party consents that are required in connection with such sharing. 

(b) Prior to the Effective Date, Questar, as the sole stockholder and parent of QEP, has utilized certain software
licenses pursuant to agreements or accounts between QEP and the vendor of such software. Such licenses are described or set forth on Schedule D attached to this Agreement and included herein. With respect to the licenses described or set
forth on Schedule D, QEP shall notify the vendor of such software that such licenses are being shared with Questar for an interim period. Each of the parties hereto agrees to use its respective commercially reasonable efforts to assist the
other party (at no cost to the other party) in obtaining any third party consents that are required in connection with such sharing. 
 5.
RETURN OF LEASED PROPERTY OR LICENSED SOFTWARE. Service Recipient shall be liable for all costs and expenses incurred by Service Provider or any of its subsidiaries resulting from any delay or failure of Service Recipient to return to
Service Provider or any licensor, as applicable, any leased property or licensed software that is included as part of the Services provided to such Service Recipient. 

6. DISCLAIMER OF REPRESENTATIONS AND WARRANTIES. EXCEPT AS EXPRESSLY PROVIDED IN SECTION 2.6, SECTION 15.2, OR OTHERWISE IN ANY
SCHEDULE HERETO, EACH PARTY ACKNOWLEDGES AND AGREES (I) THAT ALL SERVICES ARE PROVIDED BY SERVICE PROVIDER ON AN “AS IS” BASIS, AND (II) THAT NEITHER SERVICE PROVIDER NOR ANY MEMBER OF ITS GROUP MAKES ANY REPRESENTATIONS OR
WARRANTIES, WHETHER STATUTORY, EXPRESS, OR IMPLIED, TO SERVICE RECIPIENT OR ANY OF ITS AFFILIATES WITH RESPECT TO THE SERVICES, ANY EQUIPMENT OR MATERIALS PROVIDED UNDER THIS AGREEMENT, OR OTHERWISE HEREUNDER, INCLUDING ANY WARRANTIES OF
MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, OR ANY WARRANTIES ARISING FROM COURSE OF DEALING OR USAGE OF TRADE. 
 7.
EFFECTIVE DATE. This Agreement shall be effective as of the Effective Date. 
 8. INTERNAL CONTROLS AND PROCEDURES. In
addition to the record retention requirements of the Separation Agreement, with respect to the Services for which each Service Provider is responsible, such Service Provider shall maintain and comply with such internal controls and procedures as are
necessary to comply with the Sarbanes-Oxley Act of 2002 or as otherwise agreed by the Parties to be implemented by the Parties to comply with internal controls and procedures or applicable Law. In the event a Service Recipient requires a change to
the internal controls or procedures, or requires the implementation of additional internal controls or procedures, related to the Services required to be provided to such Service Recipient in order for such Service Recipient to comply with changes
to applicable Law, Service Provider shall change 
  

 10 

 
or add to such Service Provider’s internal controls or procedures related to such Services as reasonably requested by such Service Recipient; provided, however, in connection
with a Service Provider changing or adding to internal controls or procedures as required by the foregoing, Service Recipient shall pay for any and all additional costs and expenses associated with the implementation or maintenance of the applicable
change or addition; provided, further, however, that if such change or addition is required for the compliance by both Parties with a Law applicable to both Parties, the Parties shall negotiate in good faith an equitable sharing
of the costs and expenses associated with such change or addition. 
 9. BOOKS AND RECORDS; AUDITS. 

9.1 Books and Records. Each Party shall keep and maintain books, records, accounts and other documents sufficient to
reflect accurately and completely the transactions conducted, and all associated costs incurred, pursuant to this Agreement. Such records shall include receipts, invoices, memoranda, vouchers, inventories, timesheets and accounts pertaining to the
Services, as well as complete copies of all contracts, purchase orders, service agreements and other such arrangements entered into in connection therewith. 

9.2 Audit of Performance. Each Party shall have access to and the right to inspect all records maintained by the other
Party directly related to the Services, as is reasonably necessary for the purposes of verifying the other Party’s compliance with this Agreement, including auditing and verifying costs or expenses claimed to be due and payable hereunder. Such
access shall be available at reasonable times on Business Days during business hours and under reasonable conditions with a minimum of at least ten (10) days prior written notice. Each Party shall keep and preserve all such records for a period
of at least three (3) years from and after the end of the relevant Services Term. 
 9.3 Audit Assistance.
Each Party and its Subsidiaries are or may be subject to audit by Governmental Entities, such Party’s third party or internal auditor, such Party’s customers, or other Persons that are parties to contracts with such Party, in each case
pursuant to applicable Law, contractual provision, or request of such Party’s board of directors (or its audit committee) (an “Auditing Entity”). If an Auditing Entity exercises its right to audit such first Party’s or any
of its Subsidiary’s books, records, documents, accounting practices or procedures, internal controls and procedures, or operational, financial or legal practices and procedures, and such audit relates to the Services required to be provided to,
or from, such first Party hereunder, upon written request of such first Party, the other Party shall, within a reasonable period of time, provide, at the sole cost and expense of such first Party, all assistance, records and access reasonably
requested by such first Party in responding to such audits (including documents related to testing methodologies, test results, audit reports of significant findings, and remediation plans with respect to any deficiencies with respect to such other
Party’s internal controls or procedures, and work papers of such other Party’s third party or internal auditor that relate to the matter being subject of such audit), to the extent that such assistance, records or access is within the
reasonable control of such other Party. If an audit report of a Service Recipient’s third party or internal auditor relating to such audit identifies any deficiencies in a Service Provider’s internal controls and procedures directly
related to a Service provided to such Service Recipient, such Service Provider shall, at the sole cost and expense of such Service Recipient, implement such reasonable changes to such Service to correct such deficiencies to

  

 11 

 
ensure compliance with applicable Law in connection with such Service; provided, however, that if such correction is required for the compliance by both Parties with a Law
applicable to both Parties, the Parties shall negotiate in good faith an equitable sharing of the costs and expenses associated with such correction. 

10. COMPLIANCE WITH LAWS AND GOVERNMENTAL REQUIREMENTS. Each Party shall be responsible for compliance with all Laws affecting its
Business. Each Service Recipient shall be responsible for any use such Service Recipient may make of the Services to assist it in complying with applicable Laws. Each Service Provider shall comply with all Laws applicable to the provision by it of
the Services hereunder. 
 11. LIMITATION OF LIABILITY; INDEMNITY. 

11.1 Service Provider’s Limitation of Liability. In no event shall a Service Provider or any of its Affiliates have
any liability to a Service Recipient or any of its Affiliates whether under this Agreement or otherwise in connection with performance hereunder, including for any error in judgment or any act or omission, except as a result of the gross negligence
or willful misconduct of Service Provider or any of its Affiliates. In addition, neither Questar, QEP nor any of their respective Affiliates shall be liable for any loss of profits, loss of business, loss of use or of data, interruption of business,
or for indirect, special, punitive, exemplary, incidental or consequential damages of any kind whether under this Agreement or otherwise in connection with performance hereunder, even if the other Party has been advised of the possibility of such
damages, other than indirect, special, punitive, exemplary, incidental or consequential damages awarded to a third party against an indemnified party in accordance with this Section 11. 

11.2 Service Recipient Indemnity. Service Recipient hereby agrees to indemnify, defend and hold harmless Service Provider
and each of its Affiliates from and against any and all claims, losses, demands, liabilities, costs and expenses (including reasonable attorneys’ fees and costs and expenses related thereto) suffered or incurred by Service Provider or any of
its Affiliates as a result of or in connection with any third party claims arising from Service Provider’s or any of its Affiliates’ performance of the Services rendered hereunder on Service Recipient’s behalf, except to the extent
such third party claims are based in whole or in part on Service Provider’s or any of its Affiliates’ gross negligence or willful misconduct in performing the Services. 

11.3 Service Provider Indemnity. Service Provider hereby agrees to indemnify, defend and hold harmless Service Recipient
and each of its Affiliates from and against any and all claims, losses, demands, liabilities, costs and expenses (including reasonable attorney’s fees and costs and expenses related thereto) suffered or incurred by Service Recipient or any of
its Affiliates as a result of, or in connection with, any third party claims to the extent caused by the gross negligence or willful misconduct of Service Provider or any of its Affiliates in performing the Services on Service Recipient’s
behalf. In no event shall the aggregate liability of Service Provider and its Affiliates to Service Recipient and its Affiliates for any damages concerning Service Provider’s or its Affiliates’ or subcontractors’ performance or
nonperformance of the Services or any other matter arising out of, or related to, this Agreement (regardless of whether any such claim for such damages is based in contract or in tort) exceed the amounts actually paid to Service Provider by Service
Recipient pursuant to this Agreement. 
  

 12 

 11.4 Procedures. Any claim for indemnification under this
Section 11 shall be governed by, and be subject to, the provisions of Article VII of the Separation Agreement, which provisions are hereby incorporated by reference into this Agreement and any references to “Agreement” in such
Article VII as incorporated herein shall be deemed to be references to this Agreement. 
 12. DISPUTE RESOLUTION. Any controversy,
dispute or claim arising out of, in connection with, or in relation to the interpretation, performance, nonperformance, validity, termination or breach of this Agreement or otherwise arising out of, or in any way related to this Agreement or the
transactions contemplated hereby, including any claim based on contract, tort, statute or constitution (but excluding any controversy, dispute or claim arising out of any Contract relating to the use or lease of real property if any third party is a
necessary party to such controversy, dispute or claim) (collectively, “Agreement Dispute”), shall be governed by, and be subject to, the provisions of Article IX of the Separation Agreement, which provisions (and related defined
terms) are hereby incorporated by reference into this Agreement; provided, however, (i) any references to “Agreement” or “Agreement Disputes” in such Article IX as incorporated herein shall be deemed to be
references to this Agreement and Agreement Disputes as defined in this Agreement; (ii) the last sentence of Section 9.1(a) of the Separation Agreement (i.e., a dollar threshold for recourse with respect to “Agreement
Disputes”) shall not be incorporated by reference into, or have any effect with respect to, this Agreement; and (iii) the provisions of Section 9.12 of the Separation Agreement (Limitation on Actions) shall be revised to read
as follows for purposes of this Agreement: “Notwithstanding anything to the contrary in this Agreement, no Action shall be commenced (including the dispute resolution procedures set forth in this Article IX) by a Party against the other Party
asserting any claim arising from (i) breach of any obligation of such other Party to perform a Service under this Agreement more than one hundred and eighty (180) days after such first Party acquires, or reasonably should have acquired,
knowledge of such breach, or (ii) breach of any other obligation of such other Party under this Agreement more than 12 months after such first Party acquires, or reasonably should have acquired, knowledge of such breach; provided,
however, regardless of such first Party’s knowledge of the facts giving rise to its claim based on a breach of this Agreement, no Action shall be commenced by such first Party against the other Party more than 36 months after the
occurrence of the initial event giving rise to such claim for such breach (it being understood that if no such Action is commenced within such 180-day period, 12-month period, or 36-month periods, as applicable, the breaching Party shall be
discharged from liability for such breach).” 
 13. PROPERTY RIGHTS; TRADEMARK LICENSE. 

13.1 No Transfer. The Parties acknowledge and agree that nothing in this Agreement is intended to transfer any right, title,
or interest in and to any tangible, intangible, real or personal property (including any and all intellectual property rights). Notwithstanding any materials, deliverables, or other products that may be created or developed by Service Provider or
its Affiliates from the date hereof through the expiration or termination of the Services Term, Service Provider does not hereby convey, nor does Service Recipient or any of its Affiliates hereby obtain, any right, title, or interest in or to any of
Service Provider’s or any of its Affiliates’ equipment, materials, deliverables, products, or any other rights or property used to provide the Services. All customer and personnel data, files and input and output materials and the media
upon 
  

 13 

 
which they are located that are supplied by Service Recipient or any of its Affiliates in connection with this Agreement shall remain Service Recipient’s or such Affiliate’s property,
respectively, and Service Provider shall not have any rights or interests with respect thereto. 
 13.2 Human Resources
Branding. 
 (a) Grant of Transitional License. Notwithstanding the requirements of
Section 5.2(a) of the Separation Agreement or Section 13.1 above, subject to the terms and conditions set forth in this Section 13.2, each Party hereby grants to the other Party, effective as of the Effective Date
and terminating on December 31, 2010 (the “TM License Period”), a limited, non-exclusive, royalty free and non-transferable license to use all trademarks owned by the other Party or any of its Subsidiaries (including the
trademarks “Questar” and “Questar Corporation” or any other trademark containing the word “Questar,” as well as any trademarks using “QEP Resources, Inc.” or “QEP”) that are used by either Party in
connection with its human resources programs and systems as of the Effective Date (the “Trademarks”) solely in connection with the operation of either Party’s human resources programs and systems (including use in connection
with both Party’s websites, benefit manuals and correspondence with program participants); provided, however, that each Party shall use its commercially reasonable efforts to substitute its own corporate identification for the
corporate identification that includes the Trademarks in connection with such systems and programs as soon as reasonably practicable after the Distribution Date, but in no event later than the expiration of the TM License Period. The Parties agree
that immediately upon the expiration of the TM License Period, each Party shall cease all further use of the other Party’s Trademarks in connection with its human resources systems and programs and destroy any and all materials related thereto
bearing the other Party’s Trademarks. The Parties shall neither sublicense the Trademarks, nor shall they publish, distribute or otherwise use such Trademarks for any purpose other than as expressly provided in this Section 13.2.
The Parties shall use the Trademarks in accordance with sound trademark usage principles and all applicable Laws as reasonably necessary to maintain the validity and enforceability of the other Party’s rights in the Trademarks and the Parties
shall not use the other Party’s Trademarks in any manner which might tarnish, disparage, or reflect adversely on the other Party’s Trademarks. If a Party uses the other Party’s Trademarks in a manner which the other Party, in its
reasonable judgment, determines reflects adversely upon the image, goodwill and reputation of such other Party or its Trademarks, then, upon receipt of written notice from a Party identifying its objection, the Party receiving such notice shall
immediately cease the particular use identified as objectionable. Each Party agrees to cooperate with and assist the other Party in protecting and enforcing the other Party’s rights in the Trademarks and in maintaining any registrations with
any Governmental Entities for the Trademarks in force. Each Party shall assist the other Party in the enforcement of rights in the Trademarks by promptly informing the other Party of any actual or potential claim, demand, infringement, misuse or
misappropriation relating to such Trademarks to the extent that the Party using the other Party’s Trademarks is in possession of such information or otherwise becomes aware of any such actual or potential claim, demand, infringement, misuse or
misappropriation. The Party owning such Trademarks will have the sole right to 
  

 14 

 
determine whether or not to investigate such alleged infringement and to determine whether to initiate or participate in any judicial or administrative proceeding involving the Trademarks. Each
Party is and shall remain the sole owner of its Trademarks and all goodwill associated therewith. Each party acknowledges that nothing herein gives it any right, title or interest in the other Party’s Trademarks, apart from the license granted
under this Section 13.2(a), and in no event shall either Party’s use of the other Party’s Trademarks be deemed to vest any right, title or interest to the other Party’s Trademarks. All uses of one Party’s Trademarks
by the other Party, and all goodwill generated thereby, shall inure exclusively and completely to the benefit of the Party owning such Trademarks. Each party agrees that it shall not contest or challenge the validity of, or the other Party’s
title in, the other Party’s Trademarks, and it shall not register or apply for registration of the other Party’s Trademarks. 

(b) Notice and Disclaimer. Each Party shall inform all of its and its Subsidiaries’ employees, retirees and
other human resources program participants by written notice as soon as reasonably practicable after the Distribution Date that such Party, and not the other Party, is responsible for the operation of such Party’s human resources programs or
systems after the Effective Date, and that each Party’s use of the other Party’s Trademarks in connection with such human resources programs or systems does not imply any commitment or obligation on the part of the other Party or any of
its subsidiaries with respect to such individuals. Each Party shall also include with any publication or distribution of the other Party’s Trademarks for use in connection with its human resources programs or systems (i) a trademark legend
readable to users indicating that the other Party’s Trademarks are owned solely by the other Party, but licensed for certain limited uses under a separate license agreement, and (ii) a disclaimer that the licensee, and not the other Party,
is responsible for the operation of the licensee’s human resources programs or systems after the Effective Date, and that licensee’s use of the other Party’s Trademarks in connection with such human resources programs or systems does
not imply any commitment or obligation on the part of the other Party or any of its subsidiaries with respect to the licensee’s or any of its subsidiaries’ employees, retirees and other human resources program participants. 

(c) Indemnity. Each Party hereby agrees to indemnify, defend and hold harmless the other Party and each of its
Affiliates from and against any and all claims, losses, demands, liabilities, costs and expenses (including reasonable attorneys’ fees and costs and expenses related thereto) suffered or incurred by such other Party or any of its Affiliates as
a result of or in connection with any third party claims arising from such first Party’s use of the Trademarks in connection with such first Party’s human resources programs or systems. Notwithstanding anything to the contrary in this
Agreement, any claim for indemnification under this Section 13.2 shall not be governed by, or be subject to, the provisions of Section 11. 

14. CONFIDENTIAL INFORMATION. Any Confidential Information received by either Party or its Affiliates from the other Party or any of its
Affiliates in connection with this Agreement shall be governed by, and be subject to, the provisions of Sections 8.2 and 8.4 of the Separation Agreement, which provisions are hereby incorporated by reference into this Agreement and any
references to “Agreement” in such Sections 8.2 and 8.4 as incorporated 
  

 15 

 
herein shall be deemed to be references to this Agreement. Notwithstanding anything to the contrary in this Agreement, in connection with a Service Provider’s performance of the Services,
(i) such Service Provider shall not have a right to access any Confidential Information of the Service Recipient or any of its Affiliates that is subject to any attorney-client privilege or attorney work-product privilege under applicable Law
in favor of such Service Recipient or any of its Affiliates; and (ii) the Parties shall cooperate with each other to establish reasonable procedures in connection with the provision of Services in order to preserve such privileges. 

15. MISCELLANEOUS. 

15.1 Complete Agreement. This Agreement, including the Schedules attached to the body of this Agreement, shall constitute
the entire agreement between the Parties with respect to the subject matter hereof and shall supersede all previous negotiations, commitments and writings with respect to such subject matter. In the event of any conflict between the terms and
conditions of the body of this Agreement and the terms and conditions of any Schedule hereto, the terms and conditions of such Schedule shall control. In the event of any conflict between the terms and conditions of this Agreement and the terms and
conditions of the Separation Agreement or any other Ancillary Agreement, the terms and conditions of this Agreement shall control. 

15.2 Counterparts. This Agreement may be executed in more than one counterparts, all of which shall be considered one and
the same agreement. 
 15.3 Survival of Agreement. Except as otherwise contemplated by this Agreement, all
covenants and agreements of the Parties contained in this Agreement shall survive from the Effective Date and remain in full force and effect in accordance with their applicable terms. 

15.4 Expenses. Except as otherwise expressly provided in this Agreement, the Parties agree that all expenses incurred and
directly related to the Service contemplated hereby shall be borne and paid by the Person incurring such expenses. 
 15.5
Notices. All notices, requests, claims, demands and other communications under this Agreement, as between the Parties, shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt unless
the day of receipt is not a Business Day, in which case it shall be deemed to have been duly given or made on the next following Business Day) by delivery in person, by overnight courier service, by facsimile with receipt confirmed (followed by
delivery of an original via overnight courier service) or by registered or certified mail (postage prepaid, return receipt requested) to the respective Parties at the following addresses (or at such other address for a Party as shall be specified in
a notice given in accordance with this Section 15.5): 
 To Questar: 

Questar Corporation 

P.O. Box 45433 

Salt Lake City, Utah 84145-0433 

Attn: General Counsel 

Facsimile: 801-324-5483 
  

 16 

 To QEP: 

QEP Resources, Inc. 

1050
17th Street #500 

Denver, Colorado, 80265-1050 

Attn: General Counsel 

Facsimile: 303-573-0314 

15.6 Waivers. The failure of any Party to require strict performance by any other Party of any provision in this Agreement
will not waive or diminish that Party’s right to demand strict performance thereafter of that or any other provision hereof. 

15.7 Amendments. Subject to the terms of Section 15.10, this Agreement may not be modified or amended except by
an agreement in writing signed by each of the Parties. 
 15.8 Assignment. Except as otherwise expressly provided
for in this Agreement, this Agreement shall not be assignable, in whole or in part, by any Party without the prior written consent of the other Party, and any attempt to assign any rights or obligations arising under this Agreement without such
consent shall be null and void; provided, that a Party may assign this Agreement in connection with a merger transaction in which such Party is not the surviving entity or the sale by such Party of all or substantially all of its Assets, and
upon the effectiveness of such assignment, the assigning Party shall be released from all of its obligations under this Agreement if the surviving entity of such merger or the transferee of such Assets shall agree in writing, in form and substance
reasonably satisfactory to the other Party, to be bound by the terms of this Agreement as if named as a “Party” hereto. 

15.9 Successors and Assigns. Subject to Section 15.8, the provisions of this Agreement and the obligations and
rights hereunder shall be binding upon, inure to the benefit of and be enforceable by (and against) the Parties and their respective successors and permitted transferees and assigns. 

15.10 Termination. Notwithstanding anything to the contrary herein, this Agreement may be terminated and abandoned at any
time prior to the Distribution Date by and in the sole discretion of Questar without the approval of QEP or the stockholders of Questar if the spin-off transaction does not timely occur. In the event of such termination, no Party shall have any
liability of any kind to any other Party or any other Person. After the Effective Date, this Agreement may not be terminated except (i) by an agreement in writing signed by each of the Parties, or (ii) as expressly provided for in this
Agreement. 
  

 17 

 15.11 Subsidiaries. Each of the Parties shall cause to be performed all
actions, agreements and obligations set forth herein to be performed by any Subsidiary or Affiliate of such Party or by any entity that becomes a Subsidiary or Affiliate of such Party on and after the Distribution Date. 

15.12 Third Party Beneficiaries. Except as otherwise expressly provided in this Agreement, this Agreement is solely for the
benefit of the Parties and should not be deemed to confer upon third parties any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this Agreement. 

15.13 Title and Headings. Titles and headings to sections herein are inserted for the convenience of reference only and are
not intended to be a part of or to affect the meaning or interpretation of this Agreement. 
 15.14 Schedules. The
Schedules attached hereto are incorporated herein by reference and shall be construed with and as an integral part of this Agreement to the same extent as if the same had been set forth verbatim herein. 

15.15 Governing Law. This Agreement shall be governed by and construed in accordance with the Laws of the state of Utah.

 15.16 Consent to Jurisdiction. Subject to the provisions of Section 12, each of the Parties
irrevocably submits to the exclusive jurisdiction of (a) the Supreme Court of the State of Wyoming and the inferior courts of that state, and (b) the United States District Court for the District of Wyoming (the “Wyoming
Courts”), for the purposes of any suit, action or other proceeding to compel arbitration or for provisional relief in aid of arbitration in accordance with Section 12 or for provisional relief to prevent irreparable harm, and to
the non-exclusive jurisdiction of the Wyoming Courts for the enforcement of any award issued thereunder. Each of the Parties further agrees that service of any process, summons, notice or document by United States registered mail to such
Party’s respective address set forth in Section 15.5 shall be effective service of process for any action, suit or proceeding in the Wyoming Courts with respect to any matters to which it has submitted to jurisdiction in this
Section 15.16. Each of the Parties irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby in the Wyoming Courts,
and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 

15.17 Specific Performance. The Parties agree that irreparable damage would occur in the event that the provisions of this
Agreement were not performed in accordance with their specific terms. Accordingly, it is hereby agreed that the Parties shall be entitled to (i) an injunction or injunctions to enforce specifically the terms and provisions hereof in any
arbitration in accordance with Section 12, (ii) provisional or temporary injunctive relief in accordance therewith in any Wyoming Court, and (iii) enforcement of any such award of an arbitral tribunal or a Wyoming Court in any
court of the United States, or any other any court or tribunal sitting in any state of the United States, this being in addition to any other remedy or relief to which they may be entitled. 

 

 18 

 15.18 Waiver of Jury Trial. SUBJECT TO SECTIONS 12, 15.16 AND
15.17 HEREIN, EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY COURT PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF AND PERMITTED UNDER OR IN
CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH OF THE PARTIES HEREBY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER
PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 15.18. 
 15.19 Severability. In the event
any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or
impaired thereby, and the Parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions. 
 15.20 Force Majeure. No Party (or any Person acting on its behalf) shall have any
liability or responsibility for failure to fulfill any obligation (other than a payment obligation) under this Agreement so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a
consequence of circumstances of Force Majeure. A Party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event: (a) notify the other Party of the nature and extent of any such Force
Majeure condition, and (b) use due diligence to remove any such causes and resume performance under this Agreement as soon as reasonably practicable. 

15.21 Construction. The Parties have participated jointly in the negotiation and drafting of this Agreement. This Agreement
shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any instrument to be drafted. 

15.22 Authorization. Each of the Parties hereby represents and warrants that it has the power and authority to execute,
deliver and perform this Agreement, that this Agreement has been duly authorized by all necessary corporate action on the part of such Party, that this Agreement constitutes a legal, valid and binding obligation of each such Party and that the
execution, delivery and performance of this Agreement by such Party does not contravene or conflict with any provision of law or of its charter or bylaws or any material agreement, instrument or order binding on such Party. 

 

 19 

 15.23 References; Interpretations. References in this Agreement to any gender
include references to all genders, and references to the singular include references to the plural and vice versa. Unless the context otherwise requires: 

(i) the words “include”, “includes” and “including” when used in this Agreement shall be
deemed to be followed by the phrase “without limitation”; 
 (ii) references in this Agreement to
Sections and Schedules shall be deemed references to Sections of, and Schedules attached to, this Agreement; and 

(iii) the words “hereof”, “hereby” and “herein” and words of similar meaning when used in
this Agreement refer to this Agreement in its entirety and not to any particular Section or provision of this Agreement. 

15.24 Status of Service Provider as Independent Contractor. Each Service Recipient expressly acknowledges that each Service
Provider, its Affiliates, and each of their respective employees, agents, subcontractors and representatives are “independent contractors,” and nothing in this Agreement is intended and nothing shall be construed to create an
employer/employee, partnership, joint venture or other similar relationship between any Service Recipient and Service Provider, its Affiliates, or each of their respective employees, agents, subcontractors and representatives. In addition, each
Service Provider shall have the authority and responsibility to elect the means, manner and method of performing the Services required to be provided by it under this Agreement. This Agreement shall not be interpreted or construed to create an
association, joint venture, partnership, or agency between the Parties or to impose any partnership or fiduciary obligation or related liability upon any Party. 
  

 20 

 IN WITNESS WHEREOF, the Parties caused this Transition Services Agreement to be duly
executed as of the day and year first above written. 
  

			
	QUESTAR CORPORATION
		
	By:	 	 /s/ Keith O. Rattie

	Name:	 	Keith O. Rattie
	Title:	 	Chairman, President and Chief Executive Officer
	
	QEP RESOURCES, INC.
		
	By:	 	 /s/ Charles B. Stanley

	Name:	 	Charles B. Stanley
	Title:	 	President and Chief Executive Officer

  

 21

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}]]