Document:

Form of Restricted Stock Award Grant Notice and Restricted Stock Agreement

 Exhibit 10.22 

CHAPARRAL ENERGY, INC. 

2010 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK AWARD GRANT NOTICE AND 

RESTRICTED STOCK AGREEMENT 

(PERFORMANCE-VESTING) 

Pursuant to its 2010 Equity Incentive Plan (the “Plan”), Chaparral Energy, Inc., a Delaware corporation (the
“Company”), hereby grants to the individual listed below (“Participant”) a Restricted Stock Award (the “Restricted Stock Award”) representing the right to receive the number of restricted shares of the
Company’s Common Stock set forth below (the “Shares”). This Restricted Stock Award is subject to all of the terms and conditions set forth herein, in the Plan, in the certain Restricted Stock Agreement attached hereto as
Exhibit A (the “Restricted Stock Agreement”), and in the Stockholders’ Agreement (as defined below), each of which is incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall
have the same defined meanings in this Restricted Stock Award Grant Notice (the “Grant Notice”) and the Restricted Stock Agreement. 
  

							
	Participant:	 	  
	 	
			
	Date of Grant:	 	  
	 	
			
	Vesting Start Date:	 	  
	 	
			
	Total Number of Shares of Restricted Stock:	 	  
	 	shares
		
	Vesting Schedule:	 	The Restricted Stock Award shall vest with respect to the Shares subject hereto according to the following schedule in the event of a Transaction whereby (i) CCMP’s
receipt of Net Proceeds yield the applicable return on investment, and (ii) Participant remains employed by the Company through the date of such Transaction:
			
		 	        (i)	 	 If CCMP’s receipt of Net Proceeds yield a return of at least 200% per share of Class E Common Stock sold by
CCMP:
  
 20% of the Shares multiplied by the quotient
obtained by dividing (x) the number of shares of Class E Common Stock sold, transferred, or disposed pursuant to such Transaction, by (y) the Aggregate Class E Shares, shall vest;

							
		 	        (ii)	 	 If CCMP’s receipt of Net Proceeds yield a return of at least 250% per share of Class E Common Stock sold by
CCMP:
  
 20% of the Shares multiplied by the quotient
obtained by dividing (x) the number of shares of Class E Common Stock sold pursuant to such Transaction, by (y) the Aggregate Class E Shares, shall vest;

		 	  

        (iii)
	 	  
 If CCMP’s receipt of Net Proceeds yield a return
of at least 300% per share of Class E Common Stock sold by CCMP:
  

20% of the Shares multiplied by the quotient obtained by dividing (x) the number of shares of Class E Common Stock sold pursuant to
such Transaction, by (y) the Aggregate Class E Shares, shall vest;

		 	  

        (iv)
	 	  
 If CCMP’s receipt of Net Proceeds yield a return
of at least 350% per share of Class E Common Stock sold by CCMP:
  

20% of the Shares multiplied by the quotient obtained by dividing (x) the number of shares of Class E Common Stock sold pursuant to
such Transaction, by (y) the Aggregate Class E Shares, shall vest; and

		 	  
         (v)
	 	  
 If CCMP’s receipt of Net Proceeds yield a return
of at least 400% per share of Class E Common Stock sold by CCMP:
  

20% of the Shares multiplied by the quotient obtained by dividing (x) the number of shares of Class E Common Stock sold pursuant to
such Transaction, by (y) the Aggregate Class E Shares, shall vest;

		 	  
 provided, however, that with respect to any of
the foregoing calculations, any shares of Class E Common Stock which are transferred pursuant an Excepted Transfer shall be excluded from such foregoing calculation by adjusting the dividend, (x), and the divisor, (y), accordingly.

 
 In addition, this Award may be subject to post-termination vesting under certain
circumstances to the extent set forth in Section 2(e)(i) of the Restricted Stock Award Agreement attached hereto.
  

For purposes of this Grant Notice:
  

“Aggregate Class E Shares” shall mean 504,276 shares of Class E Common Stock acquired by CCMP pursuant to the Stock Purchase Agreements
(as defined below), as may be adjusted pursuant to the proviso to the Vesting Schedule, above.

  

 2 

					
		 	 “CCMP” shall mean, collectively, CCMP Capital Investors II (AV-2), L.P., a Delaware limited partnership,
CCMP Energy I LTD., a Cayman limited company, and CCMP Capital Investors (Cayman) II, L.P., a Cayman limited partnership.
  

“Class E Common Stock” shall mean the Class E common stock, par value $0.01 per share, of the Company.

 
 “Excepted Transfer” means, as set forth in the exception to the
second sentence of Section 4.1(a) (General Restrictions on Transfer of Common Stock) of the Stockholders’ Agreement, the “Transfer” at any time by CCMP and its “Permitted Transferees” of up to twenty percent (20%) of the
“Common Stock” (each as defined in the Stockholders’ Agreement) owned by them (calculated immediately subsequent to the closing contemplated by the Stock Purchase Agreement) so long as the requirements of Transfer set forth in the
proviso in Section 4.2(a) of the Stockholders’ Agreement are met.
  

“Net Proceeds” shall mean, with respect to a Transaction, the actual cash proceeds received by CCMP in a Transaction, but excluding any
Tax Distributions or the aggregate amount of any out-of-pocket expenses incurred by CCMP in connection with such Transaction;
  

“Sale of the Company” means and includes each of the following:

 
 (i) The consummation of any transaction or series of related
transactions involving the sale of the Company’s outstanding securities (but excluding a public offering of the Company’s capital stock) for securities or other consideration issued or paid or caused to be issued or paid by such other
corporation or an affiliate thereof and which result in this Company’s shareholders (or their affiliates) immediately prior to such transaction not holding at least a majority of the voting power of the surviving or continuing entity following
such transaction; or
  
 (ii) The consummation by the
Company (whether directly involving the Company or indirectly involving the Company through one or more intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other disposition of all or
substantially all of the Company’s assets or (z) the acquisition of assets or stock of another entity, in each case, other than a transaction which results in the Company’s voting securities outstanding immediately before the transaction
continuing to represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly,
all or substantially all of the Company’s assets or otherwise succeeds to the business of the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting power of
the Successor Entity’s outstanding voting securities immediately after the transaction.

  

 3 

					
		 	 “Stock Purchase Agreements” means, together, (i) that certain Stock Purchase Agreement, entered into as of
March 23, 2010, by and among the Company and CCMP, (ii) that certain Stock Purchase Agreement entered into as of March 23, 2010, by and among Fischer Investments, L.L.C., an Oklahoma limited liability company, and CCMP, and (iii) the Stock
Purchase Agreement entered into as of March 23, 2010, by and among Altoma Energy, an Oklahoma general partnership, and CCMP.
  

“Stockholders’ Agreement” shall mean that certain Stockholders’ Agreement dated as of April 12, 2010, by and among the
Company, CCMP, Fischer Investments, L.L.C., an Oklahoma limited liability company, Altoma Energy, an Oklahoma general partnership, and CHK Holdings, L.L.C., an Oklahoma limited liability company.

 
 “Tax Distributions” shall mean any distributions received by CCMP
from the Company for purposes of satisfying any federal, state, or local tax liability in connection with a Transaction.
  

“Transaction” means the consummation of a transaction whereby CCMP receives cash in exchange for the sale, transfer or other disposition
of Class E Common Stock pursuant to either (i) a Sale of the Company, or (ii) an offering of such stock to the general public pursuant to a registration statement filed under the Securities Act of 1933, as amended, or any sale of such stock
thereafter.

		
	Vesting Example	 	 For illustrative purposes only, assume the following: Participant is granted a Restricted Stock Award of 1,000 Shares. In
2012, CCMP engages in a Transaction whereby it sells 50% of its Aggregate Shares which yields a return on investment of 220%. In 2018, CCMP engages in a Transaction whereby it sells the remaining 50% of its Aggregate Shares which yields a return on
investment of 300%.
  
 At the time of the Transaction in 2012, Participant
vests with respect to 100 Shares (which represents 20% (total of 20% vesting based on a return on investment of 220%) of 1,000 Shares, multiplied by the quotient obtained by dividing 252,138 shares of Class E Common Stock sold, by the total of
504,276 Aggregate Shares). A total of 900 Shares remain unvested.

  

 4 

					
		 	 At the time of the Transaction in 2018, Participant vests with respect to 300 Shares (which represents an additional 60%
(cumulative total of 20%, 20%, and 20% vesting based on a return on investment of 300%) of 1,000 Shares, multiplied by the quotient obtained by dividing 252,138 shares of Class E Common Stock sold, by the total of 504,276 Aggregate Shares). A total
of 600 Shares will no longer be eligible to vest (because no Aggregate Shares remain) and will be cancelled.
  

Participant will have vested in a total of 400 Shares.

By his or her signature and the Company’s signature below, Participant agrees to be bound by the terms and conditions of the Plan, the Restricted
Stock Agreement and this Grant Notice. Participant has reviewed the Restricted Stock Agreement, the Plan and this Grant Notice in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Grant Notice and fully
understands the provisions of this Grant Notice, the Restricted Stock Agreement and the Plan. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions arising under the
Plan, this Grant Notice or the Restricted Stock Agreement. If Participant is married, his or her spouse has signed the Consent of Spouse attached to this Grant Notice as Exhibit D. 

 

									
	CHAPARRAL, INC.:	 		 	PARTICIPANT:
					
	By:	 	  
	 		 	By:	 	  

	Print Name:	 	  
	 		 	Print Name:	 	  

	Title:	 	  
	 		 	Title:	 	  

	Address:	 	  
	 		 	Address:	 	  

		 	  
	 		 		 	  

  

 5 

 EXHIBIT A 

TO RESTRICTED STOCK AWARD GRANT NOTICE 

RESTRICTED STOCK AGREEMENT 

(PERFORMANCE VESTING) 

Pursuant to the Restricted Stock Award Grant Notice (the “Grant Notice”) to which this Restricted Stock Agreement (this
“Agreement”) is attached, Chaparral Energy, Inc., a Delaware corporation (the “Company”) has granted to Participant (as defined in the Grant Notice) the number of shares of Restricted Stock under the Chaparral
Energy, Inc., Inc. 2010 Equity Incentive Plan (the “Plan”) indicated in the Grant Notice. 
 1. General.

 (a) Defined Terms. Capitalized terms not specifically defined herein shall have the meanings specified in the Plan and
the Grant Notice. 
 (b) Incorporation of Terms of Plan. The Shares are subject to the terms and conditions of the Plan,
which is incorporated herein by reference. 
 2. Grant of Restricted Stock. 

(a) Grant of Restricted Stock. In consideration of Participant’s agreement to remain in the employ of the Company or its
Affiliates, and for other good and valuable consideration, effective as of the Date of Grant set forth in the Grant Notice (the “Grant Date”), the Company irrevocably grants to Participant the Shares, upon the terms and conditions
set forth in the Plan and this Agreement. 
 (b) Issuance of Shares. The issuance of the Shares under this Agreement
shall occur at the principal office of the Company simultaneously with the execution of this Agreement by the parties or on such other date as the Company and Participant shall agree (the “Issuance Date”). Subject to the provisions
of Section 3 below, on the Issuance Date, the Company shall issue the Shares (which shall be issued in Participant’s name). 

(c) Conditions to Issuance of Stock Certificates. The Shares, or any portion thereof, may be either previously authorized but
unissued shares or issued shares which have then been reacquired by the Company. Such Shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any Shares prior to fulfillment of all of the following
conditions: 
 (i) The completion of any registration or other qualification of such shares under any state or federal law or
under rulings or regulations of the Securities and Exchange Commission or of any other governmental regulatory body, which the Committee shall, in its absolute discretion, deem legally necessary or advisable; and 

 (ii) The obtaining of any approval or other clearance from any state or federal
governmental agency which the Committee shall, in its absolute discretion, determine to be necessary or advisable; and 
 (iii)
The receipt by the Company of full payment for such Shares, including payment of all amounts which, under federal, state or local tax law, the Company (or other employer corporation) is required to withhold upon issuance of such Shares. The
Participant may elect to have the Company withhold shares of the Company’s Common Stock otherwise issuable under the Restricted Stock Award (or allow the return of shares of the Company’s Common Stock) having a Fair Market Value equal to
the sums required to be withheld. Notwithstanding any other provision of the Plan or this Agreement, the number of shares of the Company’s Common Stock which may be withheld with respect to the issuance, vesting or payment of the Shares in
order to satisfy Participant’s federal and state income and payroll tax liabilities with respect to the issuance, vesting or payment of the Shares shall be limited to the number of shares of the Company’s Common Stock which have a Fair
Market Value on the date of withholding equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal and state tax income and payroll tax purposes that are applicable to such supplemental taxable
income. 
 (d) Consideration to the Company. In consideration of the issuance of the Shares by the Company, Participant
agrees to render faithful and efficient services to the Company or any Affiliate. Nothing in the Plan or this Agreement shall confer upon Participant any right to (i) continue in the employ of the Company or any Affiliate or shall interfere
with or restrict in any way the rights of the Company and its Affiliates, which are hereby expressly reserved, to discharge Participant, if Participant is an Employee, or (ii) continue to provide services to the Company or any Affiliate or
shall interfere with or restrict in any way the rights of the Company or its Affiliates, which are hereby expressly reserved, to terminate the services of Participant, if Participant is a Consultant, at any time for any reason whatsoever, with or
without cause, except to the extent expressly provided otherwise in a written agreement between the Company and Participant. 

(e) Vesting and Forfeiture. 

(i) Forfeiture of Shares. Any Shares which are not vested as of the date Participant ceases to be a Service Provider (the
“Separation Date”) shall thereupon be forfeited immediately and without any further action by the Company; provided, however, that, if Participant’s employment is terminated by the Company without Cause (as defined
below) and a Sale of the Company occurs at any time within six (6) months after the Separation Date, then any Shares which are not vested as of the Separation Date but which would have otherwise vested pursuant to the Vesting Schedule had
Participant remained employed by the Company through the date of such Sale of the Company shall become vested as of the date of such Sale of the Company. 

(ii) Vesting. Subject to Section 2(e)(i), the Shares shall vest in accordance with the vesting schedule set forth on the
Grant Notice. 
  

 2 

 3. Purchase Option. 

(a) All of the Shares subject to this Agreement shall be subject to the Company’s right to purchase the Shares (the
“Purchase Option”), which Purchase Option shall lapse upon the seventh (7th) anniversary of the Grant Date. Until the Purchase Option lapses the Shares shall be referred to herein as “Unreleased Shares.”

 (b) If Participant ceases to be a Service Provider for any reason, specified below, the Company or its assignee shall have
the right and option to purchase from Participant (or Participant’s personal representative, as the case may be) the Participant’s vested Unreleased Shares as follows: 

(i) To the extent vested as of the Separation Date, if a Participant ceases to be a Service Provider by reason of a termination of the
Participant’s employment by the Company without Cause, by Participant for or without Good Reason, as a result of Participant’s death, at a purchase price equal to the Fair Market Value of such Shares as of the date of such termination;

 (ii) To the extent vested as of the Separation Date, if a Participant ceases to be a Service Provider by reason of a
termination of the Participant’s employment by the Company for Cause, at a purchase price equal to $0.01 per Share as of the date of such termination; and 

(iii) Notwithstanding the foregoing, in the event of Participant’s material breach of the terms of any agreement with the Company
that is in effect on or after Participant’s Separation Date, including Section 8 hereof if applicable, at a purchase price equal to $0.01 per Share as of the date of such breach, to the extent vested as of the date of such breach.

 (c) The Company may exercise its Purchase Option by delivering, personally or by registered mail, to Participant (or his or
her transferee or legal representative, as the case may be), within six (6) months of the Separation Date, a notice in writing indicating the Company’s intention to exercise the Purchase Option and setting forth a date for closing not
later than thirty (30) days from the mailing of such notice. The closing shall take place at the Company’s office. At the closing, the holder of the certificates for the vested Unreleased Shares being transferred shall deliver the stock
certificate or certificates evidencing the vested Unreleased Shares, and the Company shall deliver the purchase price therefor. 

(d) At its option, the Company may elect to make payment for the vested Unreleased Shares to a bank selected by the Company. The Company
shall avail itself of this option by a notice in writing to Participant stating the name and address of the bank, date of closing, and waiving the closing at the Company’s office. 

(e) Should any provision of the Purchase Option be determined by a court of law to be ineffective or unenforceable, the Company reserves
the right to delay exercise of such Purchase Option until such time as it becomes effective and enforceable; provided, however, that in any such event, the Company reserves the right to assign its right to purchase Shares hereunder to
a Principal Investor (as such term is defined in the Stockholders’ Agreement). 
  

 3 

 (f) For purposes of this agreement: 

(i) “Cause” shall mean “Cause” as defined in any employment agreement then in effect between the Participant
and the Company or if not defined therein or, if there shall be no such agreement, “Cause” shall mean the occurrence of any one or more of the following events: (A) Participant’s conviction of, or entry by Participant of a guilty
or no contest plea to a felony or crime involving moral turpitude; (B) Participant’s willful commission of an act of fraud or dishonesty resulting in economic or financial injury to the Company or any affiliate; (C) Participant’s
willful failure to substantially perform or gross neglect of Participant’s duties, including, but not limited to, the failure to follow any lawful directive of the CEO, within the reasonable scope of Participant’s duties;
(D) Participant’s performance of acts materially detrimental to the Company or any affiliate, unless otherwise approved in advance by the Board or Directors of the Company or the Compensation Committee thereunder;
(E) Participant’s use of narcotics, alcohol, or illicit drugs in a manner that has or may reasonably be expected to have a detrimental effect on Executive’s performance of his duties as an employee of the Company or on the reputation
of the Company or any affiliate; (F) Participant’s commission of a material violation of any rule or policy sponsored by the Company which results in injury to the Company; or (G) Participant’s material breach of any of the
covenants set forth in Section 8 hereof. 
 (ii) “Good Reason” shall mean “Good Reason” as
defined in any employment agreement then in effect between the Participant and the Company or if not defined therein or, if there shall be no such agreement, “Good Reason” shall mean the occurrence without the written consent of
Participant, of one of the following events: (A) a material diminution in Participant’s authority, duties or responsibilities combined with a demotion in Participant’s pay grade ranking; (B) the reduction by the Company of
Participant’s base salary by more than ten percent (10%) (unless done so for all executive officers of the Company); or (C) the requirement that Participant be based at any office or location that is more than 50 miles from
Participant’s principal place of employment, except for travel reasonably required in the performance of Participant’s responsibilities. 

Notwithstanding the foregoing, Participant will not be deemed to have terminated Participant’s employment for Good Reason unless
(I) Participant provides written notice to the Company of the existence of one of the conditions described above within ninety (90) days after Participant has knowledge of the initial existence of the condition, (II) the Company fails to
remedy the condition so identified within thirty (30) days after receipt of such notice (if capable of correction), (III) Participant provides a notice of termination to the Company within thirty (30) days of the expiration of the
Company’s period to remedy the condition, and (IV) Participant terminates employment within ninety (90) days after Participant provides written notice to the Company of the existence of the condition referred to in clause (I). 

(iii) “Service Provider” shall mean any Employee, Consultant or Director. 

4. Transferability of the Shares; Escrow. 

(a) Participant hereby authorizes and directs the Secretary of the Company, or such other person designated by the Company from time to
time, to transfer the Unreleased Shares as to which the Purchase Option has been exercised from Participant to the Company. 
  

 4 

 (b) To insure the availability for delivery of Participant’s Unreleased Shares upon
purchase by the Company pursuant to the Purchase Option under Section 3, Participant hereby appoints the Secretary, or any other person designated by the Company from time to time as escrow agent, as its attorney-in-fact to sell, assign and
transfer unto the Company, such Unreleased Shares, if any, purchased by the Company pursuant to the Purchase Option and shall, upon execution of this Agreement, deliver and deposit with the Secretary of the Company, or such other person designated
by the Company from time to time, the share certificate(s) representing the Unreleased Shares, together with the stock assignment duly endorsed in blank, attached hereto as Exhibit B. The Unreleased Shares and stock assignment shall be held
by the Secretary, or such other person designated by the Company from time to time, in escrow, pursuant to the Joint Escrow Instructions of the Company and Participant attached as Exhibit C hereto, until the Company exercises its
Purchase Option as provided in Section 3 or until such time as the Purchase Option no longer is in effect. As a further condition to the Company’s obligations under this Agreement, the spouse of Participant, if any, shall execute and
deliver to the Company the Consent of Spouse attached hereto as Exhibit D. The escrow agent shall promptly deliver to Participant the certificate or certificates representing such Shares in the escrow agent’s possession belonging to
Participant, and the escrow agent shall be discharged of all further obligations hereunder; provided, however, that the escrow agent shall nevertheless retain such certificate or certificates as escrow agent if so required pursuant to other
restrictions imposed pursuant to this Agreement. 
 (c) The Company, or its designee, shall not be liable for any act it may do
or omit to do with respect to holding the Shares in escrow and while acting in good faith and in the exercise of its judgment. 

(d) Transfer or sale of the Shares is subject to restrictions on transfer imposed by Section 5 of this Agreement and any applicable
state and federal securities laws. Any transferee shall hold such Shares subject to all of the provisions hereof and shall acknowledge the same by signing a copy of this Agreement. Any transfer or attempted transfer of any of the Shares not in
accordance with the terms of this Agreement shall be void and the Company may enforce the terms of this Agreement by stop transfer instructions or similar actions by the Company and its agents or designees. 

5. Participant’s Right to Transfer Shares. Except as provided in Article 4 of the Stockholders’ Agreement, Participant
shall not be permitted to sell, pledge, assign, hypothecate, transfer, or otherwise disposed of any Shares. 
 6. Other
Restrictions. The Shares held by Participant shall be subject to such other restrictions as set forth in the Stockholders’ Agreement, including, without limitation, preemptive rights, transfer restrictions, and drag-along rights. The
Restricted Stock Award shall be conditioned on Participant’s consent to such restrictions as set forth in the Stockholders’ Agreement. 

7. Ownership, Duties. This Agreement shall not affect in any way the ownership, rights or duties of Participant, except as
specifically provided herein. 
  

 5 

 8. Confidential Information; Non-Solicitation; Non-Competition.
1 Unless otherwise provided in any existing employment
agreement between Participant and the Company, Participant shall be subject to the following obligations: 
 (a) Nondisclosure
of Confidential Information. Participant acknowledges that it is the policy of the Company to maintain as secret and confidential (i) all valuable and unique information, (ii) other information heretofore or hereafter acquired by the
Company, or any affiliated entity and deemed by it to be confidential, and (iii) information developed or used by the Company or any affiliated entity relating to the business, operations, employees and customers of the Company or any
affiliated entity including, but not limited to, any employee information (all such information described in clauses (i), (ii) and (iii) above, other than information which is known to the public or becomes known to the public through no
fault of Participant, is hereinafter referred to as “Confidential Information”). The parties recognize that the services to be performed by Participant are special and unique and that by reason of his employment by the Company after
the date hereof, Participant has acquired and will acquire Confidential Information. Participant recognizes that all such Confidential Information is the property of the Company. Accordingly, at any time during or after the term of the
Participant’s employment by the Company (such term of employment by the Company, the “Term”), Participant shall not, except in the proper performance of his duties, directly or indirectly, without the prior written consent of
the Company, disclose to any Person other than the Company, whether or not such Person is a competitor of the Company, and shall use his best efforts to prevent the publication or disclosure of any Confidential Information obtained by, or which has
come to the knowledge of, Participant prior or subsequent to the date hereof. Notwithstanding the foregoing, Participant may disclose to other Persons, as part of his occupation, information with respect to the Company or any affiliated entity,
which (i) is of a type generally not considered by standards of the oil and natural gas industry to be proprietary, or (ii) is otherwise consented to in writing by the Company. 

(b) Non-Solicitation. Participant shall not, during the Term or for the six (6)-month period following the Separation Date (the
“Covered Period”), either personally or by or through his/her agent or by letters, circulars or advertisements and whether for himself/herself or on behalf of any other person or entity, hire, solicit or seek to hire any employee or
consultant of the Company or any affiliated entity, or in any other manner attempt, directly or indirectly, to persuade any such employee or consultant to discontinue his/her status of employment or consultancy with the Company or any affiliated
entity or to become hired in any business or activities likely to be competitive with the Company’s or an affiliated entity’s business. Additionally, during the Covered Period, Participant shall not, for himself/herself or on behalf of any
person or entity, directly or indirectly, solicit, divert or attempt to solicit or divert any customer of the Company or any affiliated entity for the purpose of causing such customer to reduce or refrain from doing any business with the Company or
any affiliated entity. Participant further agrees that, during the Covered Period, he/she will not, directly or indirectly, request or advise any customers of the Company or an affiliated entity to withdraw, curtail or cancel their business with the
Company or any affiliated entity. For purposes of this Agreement, a “customer” of the Company or any affiliated entity shall mean each customer of the Company or an affiliated entity who held a deposit account or otherwise transacted
business with the Company or an affiliated entity at any time within the twelve (12) months preceding the Separation Date. Nothing contained in this Agreement is intended to prohibit general advertising or solicitation not specifically directed
at any or all of the Company’s or an affiliated entity’s customers or employees. 
  

	1
	 Covenants (confidentiality, non-solicitation and non-competition) remain subject to review by Oklahoma counsel. Discuss the extent to which any of the
changes proposed by the Company are necessary so that the covenants are enforceable under Oklahoma law. 

  

 6 

 (c) Non-Competition. 

(i) As part of the consideration for the compensation and benefits to be paid to Participant hereunder, to protect the trade secrets and
Confidential Information of the Company and its customers and clients that have been and will be entrusted to Participant, the business goodwill of the Company and its subsidiaries that will be developed in and through Participant and the business
opportunities that will be disclosed or entrusted to Participant by the Company and its subsidiaries, and as an additional incentive for the Company to enter into this Agreement, during the Covered Period, Participant shall not directly or
indirectly, individually or on behalf of any other person or entity, manage, participate in, work for, consult with, render services for, or take an interest in (as an owner, stockholder, partner or lender) any Competitor in an area of Competing
Business. 
 (ii) For purposes of Section 8(c)(i): 

(A) “Competitor” means any business, company or individual which is in, or is actively seeking to be in the Competing
Business. 
 (B) “Competing Business” means the acquisition, exploration, exploitation, development,
production and/or operation of oil and gas properties. 
 (iii) Participant acknowledges that each of the covenants of
Section 8(c)(i) are in addition to, and shall not be construed as a limitation upon, any other covenant provided in Section 8. Participant agrees that the scope of prohibited activities, and time duration of each of the covenants set forth
in Section 8(c)(i) are reasonable in nature and are no broader than are necessary to maintain the confidentiality and the goodwill of the Company’s proprietary and Confidential Information, plans and services and to protect the other
legitimate business interests of the Company, including without limitation the goodwill developed by Participant with the Company’s customers, suppliers, licensees and business relations. It is also the intent of the Company and Participant
that such covenants be construed and enforced in accordance with the changing activities, business and locations of the Company throughout the term of this covenant, whether before or after the Separation Date. Participant agrees not to challenge
the enforceability, scope or reasonableness of the covenants in Section 8(c)(i). The covenants in Section 8(c)(i) are severable and separate, and the unenforceability of any specific covenant shall not affect the provisions of any other
covenant. Moreover, in the event any court of competent jurisdiction shall determine that the scope, duration set forth are unreasonable, then it is the intention of the parties that such restrictions be enforced to the fullest extent which the
court deems reasonable, and the Agreement shall thereby be reformed. 
  

 7 

 (iv) If, during any portion of the Covered Period, Participant is not in compliance with
the terms of Section 8(c)(i), the Company shall be entitled to, among other remedies, compliance by Participant with the terms of Section 8(c)(i) for an additional period of time (i.e., in addition to the Covered Period) that shall equal
the period(s) over which such noncompliance occurred. 
 (v) Nothing in this Section 8(c) shall prohibit: (A) direct
or indirect ownership of publicly traded securities which are issued by a Competitor involved in or conducting a Competing Business, provided that Participant, directly or indirectly, does not own more than 5% of the outstanding equity or voting
securities of such Competitor; (B) ownership of royalty interests where Participant owns the surface of the land covered by the royalty interest and the ownership of the royalty interest is incidental to the ownership of such surface estate,
provided that any such surface estate does not adjoin, or is not near to, any property ownership interest held directly or indirectly by the Company; (C) direct or indirect ownership of royalty interests or overriding royalty interests owned
prior to the date hereof; or (D) direct or indirect ownership of working interests or other interests in oil and gas owned prior to the date hereof and disclosed by Participant to the Company in writing. It is the intent of the Company that
during the term of this Agreement Participant is not acquiring additional oil and gas interests, directly or indirectly. 
 9.
Adjustment for Stock Split. All references to the number of Shares in this Agreement shall be appropriately adjusted to reflect any stock split, stock dividend or other change in the Shares which may be made by the Company after the date of
this Agreement. 
 10. Notices. Notices required hereunder shall be given in person or by registered mail to the address
of Participant shown on the records of the Company, and to the Company at its principal executive office. 
 11. Survival of
Terms. This Agreement shall apply to and bind Participant and the Company and their respective permitted assignees and transferees, heirs, legatees, executors, administrators and legal successors. 

12. Section 83(b) Election for Shares. Participant hereby acknowledges that he or she has been informed that, with respect to
the transfer of the Shares to Participant, that unless an election is filed by Participant with the Internal Revenue Service and, if necessary, the proper state taxing authorities, within thirty (30) days of the transfer of the Shares,
electing pursuant to Section 83(b) of the Code (and similar state tax provisions if applicable) to be taxed currently on the Fair Market Value of the Shares on the date of transfer, there will be a recognition of taxable income to Participant,
measured by the Fair Market Value of the Shares, at the time the Shares vest. Participant represents that Participant has consulted any tax consultant(s) Participant deems advisable in connection with the transfer of the Shares or the filing of the
Election under Section 83(b) of the Code and similar tax provisions. 
 PARTICIPANT ACKNOWLEDGES THAT IT IS
PARTICIPANT’S SOLE RESPONSIBILITY AND NOT THE COMPANY’S TO FILE TIMELY THE ELECTION UNDER SECTION 83(b) OF THE CODE, EVEN IF PARTICIPANT REQUESTS THE COMPANY OR ITS REPRESENTATIVE TO MAKE THIS FILING ON PARTICIPANT’S BEHALF. 

  

 8 

 13. Representations. Participant has reviewed with his or her own tax advisors the
federal, state, local and foreign tax consequences of this investment and the transactions contemplated by this Agreement and the Stockholders’ Agreement. Participant is relying solely on such advisors and not on any statements or
representations of the Company or any of its agents. Participant understands that Participant (and not the Company) shall be responsible for his or her own tax liability that may arise as a result of this investment or the transactions contemplated
by this Agreement and the Stockholders’ Agreement. 
 14. Restrictive Legends and Stop-Transfer Orders. 

(a) Any share certificate(s) evidencing the Shares issued hereunder shall be endorsed with the following legends and any other legends
that may be required by state or federal securities laws: 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF
PURCHASE IN FAVOR OF [            ], INC. (THE “COMPANY”) AND MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF A RESTRICTED STOCK AGREEMENT BETWEEN THE COMPANY AND THE
STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION
MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT. 

(b) Participant agrees that, in order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate
“stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. 

(c) The Company shall not be required: (i) to transfer on its books any Shares that have been sold or otherwise transferred in
violation of any of the provisions of this Agreement, or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred. 

 

 9 

 15. Titles. Titles are provided herein for convenience only and are not to serve as a
basis for interpretation or construction of this Agreement. 
 16. Conformity to Securities Laws. Participant
acknowledges that the Plan is intended to conform to the extent necessary with all provisions of the Securities Act and the Exchange Act and any and all regulations and rules promulgated by the Securities and Exchange Commission thereunder, and
state securities laws and regulations. Notwithstanding anything herein to the contrary, the Plan shall be administered, and the Shares are to be issued, only in such a manner as to conform to such laws, rules and regulations. To the extent permitted
by applicable law, the Plan and this Agreement shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. Participant shall not transfer in any manner the Shares issued pursuant to this Agreement, without regard
to whether such Shares are no longer subject to the Purchase Option, unless (i) the transfer is pursuant to an effective registration statement under the Securities Act, or the rules and regulations in effect thereunder or (ii) counsel for
the Company shall have reasonably concluded that no such registration is required because of the availability of an exemption from registration under the Securities Act. 

17. Market Standoff Agreement. Participant hereby agrees that if so requested by the Company or any representative of the
underwriters (the “Managing Underwriter”) in connection with any registration of the offering of any securities of the Company under the Securities Act, Participant shall not sell or otherwise transfer any Shares or other
securities of the Company during the 180-day period (or such longer period as may be requested in writing by the Managing Underwriter and agreed to in writing by the Company) (the “Market Standoff Period”) following the effective date of a
registration statement of the Company filed under the Securities Act; provided, however, that such restriction shall apply only to the first registration statement of the Company to become effective under the Securities Act that includes
securities to be sold on behalf of the Company to the public in an underwritten public offering under the Securities Act. The Company may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the
end of such Market Standoff Period and these restrictions shall be binding on any transferee of such Shares. Notwithstanding the foregoing, the 180-day period may be extended for up to such number of additional days as is deemed necessary by the
Company or the Managing Underwriter to continue coverage by research analysts in accordance with NASD Rule 2711 or any successor rule. 

18. Further Instruments. Participant hereby agrees to execute such further instruments and to take such further action as may be
reasonably necessary to carry out the purposes and intent of this Agreement. 
 19. Governing Law; Severability. This
Agreement shall be governed by and construed in accordance with the laws of the State of Delaware excluding that body of law pertaining to conflicts of law. Should any provision of this Agreement be determined by a court of law to be illegal or
unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable. 
 (Signature Page
Follows) 
  

 10 

 Participant represents that he or she has read this Agreement and is familiar with its terms
and provisions. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board or other administrator of the Plan upon any questions arising under this Agreement. 

IN WITNESS WHEREOF, this Agreement is deemed made as of the date first set forth above. 

 

			
	 CHAPARRAL, INC.

		
	 By:
	 	  

			
	 Name:
	 	  

			
	Title:	 	  

			
	
	 PARTICIPANT

		
	 By:
	 	  

			
	 Name:
	 	  

			
		
	 Address:
	 	

			
		
		 	  

		 	  

 

 11 

 EXHIBIT B 

ASSIGNMENT SEPARATE FROM CERTIFICATE 

(PERFORMANCE VESTING) 

FOR VALUE RECEIVED I,             , hereby sell, assign and transfer
unto
                                        
                         (            ) shares of the
Common Stock of Chaparral Energy, Inc. registered in my name on the books of said corporation represented by Certificate No.              herewith and do hereby irrevocably
constitute and appoint
                                        
 to transfer the said stock on the books of the within named corporation with full power of substitution in the premises. 

This Assignment Separate from Certificate may be used only in accordance with the Restricted Stock Agreement between Chaparral Energy,
Inc. and the undersigned dated             ,             . 

Dated:             ,
             
  

			
	 Signature:
	 	  

INSTRUCTIONS: Please do not fill in any blanks other than the signature line. The purpose of this assignment is to enable the Company to
exercise the Purchase Option, as set forth in the Restricted Stock Agreement, without requiring additional signatures on the part of Participant. 

 EXHIBIT C 

JOINT ESCROW INSTRUCTIONS 

(PERFORMANCE VESTING) 

                    ,
             
 Secretary 

[                ], Inc.

 [                ]

[                   
     ] 
 As Escrow Agent for both
[            ], Inc. (the “Company”) and the undersigned recipient of stock of the Company (the “Participant”), you are hereby authorized and directed to hold the
documents delivered to you pursuant to the terms of that certain Restricted Stock Agreement (“Agreement”) between the Company and the undersigned, in accordance with the following instructions: 

1. In the event the Company or any entitled parties (referred to collectively for convenience herein as the “Company”)
exercises the Company’s Purchase Option set forth in the Agreement, the Company shall give to Participant and you a written notice specifying the number of shares of stock to be transferred and the time for a closing hereunder at the principal
office of the Company. Participant and the Company hereby irrevocably authorize and direct you to close the transaction contemplated by such notice in accordance with the terms of said notice. 

2. At the closing, you are directed (a) to date the stock assignments necessary for the transfer in question, (b) to fill in
the number of shares being transferred, and (c) to deliver the same, together with the certificate evidencing the shares of stock to be transferred, to the Company or its assignee, against the simultaneous delivery to you of the purchase price
(by cash, a check, or a combination thereof) for the number of shares of stock being purchased pursuant to the exercise of the Company’s Purchase Option. 

3. Participant irrevocably authorizes the Company to deposit with you any certificates evidencing shares of stock to be held by you
hereunder and any additions and substitutions to said shares as defined in the Agreement. Participant does hereby irrevocably constitute and appoint you as Participant’s attorney-in-fact and agent for the term of this escrow to execute, with
respect to such securities, all documents necessary or appropriate to make such securities negotiable and to complete any transaction herein contemplated, including but not limited to the filing with any applicable state blue sky authority of any
required applications for consent to, or notice of transfer of, the securities. Subject to the provisions of this paragraph 3 and to the terms of the Agreement, Participant shall exercise all rights and privileges of a stockholder of the
Company while the stock is held by you. 

 4. Upon written request of Participant, but no more than once per calendar year, unless the
Company’s Purchase Option has been exercised, you will deliver to Participant a certificate or certificates representing the number of shares of stock as are not then subject to the Company’s Purchase Option. Within one hundred twenty
(120) days after Participant ceases to be a Service Provider, you will deliver to Participant a certificate or certificates representing the aggregate number of shares held or issued pursuant to the Agreement and not purchased by the Company or
any other entitled parties pursuant to exercise of the Company’s Purchase Option. 
 5. If at the time of termination of
this escrow you should have in your possession any documents, securities, or other property belonging to Participant, you shall deliver all of the same to Participant and shall be discharged of all further obligations hereunder. 

6. Your duties hereunder may be altered, amended, modified or revoked only by a writing signed by all of the parties hereto. 

7. You shall be obligated only for the performance of such duties as are specifically set forth herein and may rely and shall be
protected in relying or refraining from acting on any instrument reasonably believed by you to be genuine and to have been signed or presented by the proper party or parties. You shall not be personally liable for any act you may do or omit to do
hereunder as Escrow Agent or as attorney-in-fact for Participant while acting in good faith, and any act done or omitted by you pursuant to the advice of your own attorneys shall be conclusive evidence of such good faith. 

8. You are hereby expressly authorized to disregard any and all warnings given by any of the parties hereto or by any other person or
corporation, excepting only orders or process of courts of law and are hereby expressly authorized to comply with and obey orders, judgments or decrees of any court. In case you obey or comply with any such order, judgment or decree, you shall not
be liable to any of the parties hereto or to any other person, firm or corporation by reason of such compliance, notwithstanding any such order, judgment or decree being subsequently reversed, modified, annulled, set aside, vacated or found to have
been entered without jurisdiction. 
 9. You shall not be liable in any respect on account of the identity, authorities or
rights of the parties executing or delivering or purporting to execute or deliver the Agreement or any documents or papers deposited or called for hereunder. 

10. You shall not be liable for the expiration of any rights under any applicable state, federal or local statute of limitations or
similar statute or regulation with respect to these Joint Escrow Instructions or any documents deposited with you. 
 11. You
shall be entitled to employ such legal counsel and other experts as you may deem necessary properly to advise you in connection with your obligations hereunder, may rely upon the advice of such counsel, and may pay such counsel reasonable
compensation therefor. 
  

 2 

 12. Your responsibilities as Escrow Agent hereunder shall terminate if you shall cease to be
an officer or agent of the Company or if you shall resign by written notice to each party. In the event of any such termination, the Company shall appoint a successor Escrow Agent. 

13. If you reasonably require other or further instruments in connection with these Joint Escrow Instructions or obligations in respect
hereto, the necessary parties hereto shall join in furnishing such instruments. 
 14. It is understood and agreed that should
any dispute arise with respect to the delivery and/or ownership or right of possession of the securities held by you hereunder, you are authorized and directed to retain in your possession without liability to anyone all or any part of said
securities until such disputes shall have been settled either by mutual written agreement of the parties concerned or by a final order, decree or judgment of a court of competent jurisdiction after the time for appeal has expired and no appeal has
been perfected, but you shall be under no duty whatsoever to institute or defend any such proceedings. 
 15. Any notice
required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery or upon deposit in the United States Post Office, by registered or certified mail with postage and fees prepaid, addressed to each
of the other parties thereunto entitled at such addresses as a party may designate by written notice to each of the other parties hereto. 

16. By signing these Joint Escrow Instructions, you become a party hereto only for the purpose of said Joint Escrow Instructions; you do
not become a party to the Agreement. 
 17. This instrument shall be binding upon and inure to the benefit of the parties
hereto, and their respective successors and permitted assigns. 
 18. These Joint Escrow Instructions shall be governed by, and
construed and enforced in accordance with, the laws of the State of [Delaware], excluding that body of law pertaining to conflicts of law. 

(Signature Page Follows) 
  

 3 

 IN WITNESS WHEREOF, these Joint Escrow Instructions shall be effective as of the date first
set forth above. 
  

			
	 CHAPARRAL ENERGY, INC.

		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	  

 

			
	
	 PARTICIPANT

		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Address:
	 	
		
		 	  

		 	  

 

			
	
	 ESCROW AGENT

		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	Secretary of the Company

  

 4 

 EXHIBIT D 

CONSENT OF SPOUSE 

(PERFORMANCE VESTING) 

I,                     ,
spouse of                     , have read and approve the Restricted Stock Agreement dated
            ,             , between my spouse and Chaparral Energy, Inc. In consideration of granting to my spouse
the restricted shares of Chaparral Energy, Inc. set forth in the Restricted Stock Agreement, I hereby appoint my spouse as my attorney-in-fact in respect to the exercise of any rights under the Agreement and agree to be bound by the provisions of
the Restricted Stock Agreement insofar as I may have any rights in said Restricted Stock Agreement or any shares issued pursuant thereto under the community property laws or similar laws relating to marital property in effect in the state of our
residence as of the date of the signing of the foregoing Restricted Stock Agreement. 
 Dated:
                    ,              

 

			
	  

	Signature of SpouseEmployment Agreement- Fischer

 Exhibit 10.23 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”), dated as of the 12th day of April, 2010, is entered into by and between
CHAPARRAL ENERGY, INC., a Delaware corporation (the “Company”), CHAPARRAL ENERGY, LLC (the “Employer”) and Mark A. Fischer (“Executive”). 

IN CONSIDERATION of the premises and the mutual covenants set forth below, and for other good and valuable consideration, the sufficiency
of which is hereby acknowledged, the parties hereby agree as follows: 
 WHEREAS, the Company desires to retain Executive as its
employee and believes it is necessary to enter into this Agreement to provide the proper incentive to Executive; and 
 WHEREAS,
the Company and Executive previously entered into that certain Change of Control Severance Agreement dated as of July 1, 2007, and amended as of December 31, 2008 (the “Change of Control Severance Agreement”), and the parties
hereto acknowledge and agree that the Change of Control Severance Agreement, and all of Executive’s rights and interest therein and thereunder, are hereby cancelled and terminated upon the effectiveness of this Agreement, in consideration of
the parties hereto entering into this Agreement. 
 1. Term. Subject to the provisions for earlier termination
hereinafter provided, Executive’s employment with the Company under this Agreement shall be for a term (the “Term”) commencing upon April 12, 2010 (the “Effective Date”) and ending on the third-year anniversary of the
Effective Date; provided, however, that commencing on the date that is the third anniversary of the Effective Date, the Term shall be automatically extended so as to terminate on the second anniversary of such date, and the Term shall
be automatically extended so as to terminate on each anniversary thereafter (each such anniversary referred to as a “Renewal Date”). Notwithstanding the foregoing, if at least ninety (90) days prior to any Renewal Date, the Company
gives Executive written notice that the Term will not be so extended, this Agreement will continue for the remainder of the then current Term and automatically expire upon its completion. The Term may be sooner terminated under Section 5 of
this Agreement. 
 2. Position and Duties. During the Term, Executive will serve as President and Chief Executive Officer
of the Company (the “CEO”) and will report directly to the Board of Directors of the Company (the “Board”). Executive shall devote Executive’s best efforts and full business time and attention to perform all services
reasonably required to fully execute the duties and responsibilities associated with the Company, its subsidiaries and its affiliates as directed by the Board. Notwithstanding the above, Executive will be permitted, to the extent such activities do
not interfere with the performance by Executive of his duties and responsibilities under this Agreement or violate this Agreement, to (i) manage Executive’s personal, financial and legal affairs, and (ii) serve on industry, civic or
charitable boards or committees. Executive agrees to observe and comply with the rules and policies of the Company, as in effect from time to time, including, without limitation, any rules and policies relating to Executive obligations to the
Company upon a termination of employment. 

 3. Place of Performance. During the Term, Executive’s place of employment will
be the Company’s principal executive offices in Oklahoma City, Oklahoma (the “Principal Location”), except for travel to other locations as may be necessary to fulfill Executive’s duties and responsibilities hereunder.

 4. Compensation and Related Matters. 

(a) Base Salary. During the Term, the Company will pay Executive a base salary of not less than $620,298 per year (“Base
Salary”), in accordance with the Company’s customary payroll practices. Executive’s Base Salary may be increased, but not decreased unless the base salaries for all executive officers of the Company are decreased, pursuant to annual
review by the Compensation Committee (the “Compensation Committee”) of the Board in its discretion. In the event that Executive’s Base Salary is increased, the increased amount will then constitute the Base Salary for all purposes of
this Agreement. 
 (b) Annual Bonus Incentives. In addition to the Base Salary, Executive shall be eligible to
participate in and earn an annual cash bonus under any annual incentive plan established by the Board so long as the terms of any such plan allow participation by the executive officers of the Company (“Annual Bonus”). The target Annual
Bonus for Executive shall be equal to 100% of Executive’s current Base Salary, but the actual Annual Bonus shall be determined by the Compensation Committee, in consultation with the CEO, in accordance with the terms of such plan, in effect at
that time, if any. The terms for the payment of any Annual Bonus shall be determined by the Compensation Committee, in consultation with the CEO, in accordance with the terms of such plan in effect at that time, if any. 

(c) Equity Grant. Subject to adoption by the Board and approval by Company’s shareholders of the Company’s 2010 Equity
Incentive Plan (the “Plan”), the Company shall grant to Executive shares of restricted stock (the “Restricted Stock”) under the Plan, consisting of 2,652 time-vesting shares (the “Time-Vested Restricted Stock”) and
12,450 performance-vesting shares (the “Performance-Vested Restricted Stock”). Consistent with the foregoing, the terms and conditions of the Time-Vested Restricted Stock shall be set forth in an award agreement (the “Time-Vested
Restricted Stock Agreement”) substantially in the form attached hereto as Exhibit A, and the terms and conditions of the Performance-Vested Restricted Stock shall be set forth in an award agreement (the “Performance-Vested
Restricted Stock Agreement” and, together with the Time-Vested Restricted Stock Agreement, the “Restricted Stock Agreements”) substantially in the form attached hereto as Exhibit B, which together shall evidence the grant of
the Restricted Stock. Subject to this Section 4(c), the Time-Vested Restricted Stock and the Performance-Vested Restricted Stock shall be governed in all respects by the terms of the Plan and the applicable Restricted Stock Agreement.

 (d) Welfare, Pension and Incentive Benefit. During the Term, Executive (and Executive’s spouse and/or eligible
dependents to the extent provided in the applicable plans and programs) will be eligible to participate in and be covered under all the welfare benefit plans or programs maintained by the Company or Employer for the benefit of its senior executive
officers pursuant to the terms of such plans and programs including, without limitation, all medical, life, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during
the Term, Executive will be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time to time by the Company or Employer for the benefit of its senior executive officers.

  

 2 

 (e) Vacation. Executive shall be entitled to paid vacation in accordance with the
Employer’s vacation policy during the Term. Executive may use his vacation in a reasonable manner based upon the business needs of the Company. 

(f) Fringe Benefits. During the Term, the Company will provide Executive with such other fringe benefits as commensurate with
Executive’s position, including, but not limited to: 
 (i) Automobile. Executive shall be entitled to the use of a
Company-owned automobile commensurate with his position as President and Chief Executive Officer of the Company (the make, model, cost and frequency of replacement of which shall be subject to approval by the Board), and reimbursement by the Company
for all reasonable expenses related to the use and operation of such automobile; provided, however, that, all costs and expenses associated with Executive’s personal use of such automobile will be deemed to be imputed income to Executive and
Executive shall be solely responsible for any income tax liability with respect thereto. 
 (ii) Use of Airplane. The
Executive shall be entitled to the use of a Company-owned airplane (the make, model, cost and frequency of replacement of which shall be subject to approval by the Board); provided, however, that all costs and expenses associated with
Executive’s personal use of such airplane will be deemed to be imputed income to Executive and Executive will be solely responsible for any income tax liability with respect thereto. 

(iii) Annual Physical Examination. During the Term, the Company shall reimburse Executive up to a maximum of $500 per year for an
annual, comprehensive physical examination at any medical facility of Executive’s choice located in the Continental United States, including related diagnostic and screening tests, examinations, procedures and laboratory work. 

(g) Expenses. Executive will be entitled to receive prompt reimbursement for all reasonable business expenses incurred by
Executive in accordance with the Company’s and Employer’s expense reimbursement policy during the Term. All payments under this Section 4(g) shall be paid to Executive on or before the last day of Executive’s taxable year
following the taxable year in which Executive incurred such expenses. 
 5. Termination of Employment. Executive’s
employment under this Agreement may be terminated during the Term under the following circumstances: 
 (a) Death.
Executive’s employment under this Agreement will terminate upon his death. 
  

 3 

 (b) Disability. Upon Executive’s Disability, Executive will receive a Notice of
Termination (as defined in Section 6(a)) from the Company. If Executive does not return to the substantial performance of his duties on a full-time basis within thirty (30) days of such Notice of Termination, the Company has the right to
terminate Executive’s employment under this Agreement for Disability, and such termination will not be a breach of this Agreement by the Company. For purposes of this Agreement, “Disability” means Executive’s incapacity due to
physical or mental illness whereby Executive is substantially unable to perform his duties under this Agreement (with or without reasonable accommodation, as defined under the Americans With Disabilities Act) for a period of six (6) consecutive
months. 
 (c) Cause. The Company has the right to terminate Executive’s employment for Cause by providing Executive
with a Notice of Termination, and such termination will not be a breach of this Agreement by the Company. For purposes of this Agreement, “Cause” means the occurrence of any one or more of the following events: (i) Executive’s
conviction of, or entry by Executive of a guilty or no contest plea to a felony or crime involving moral turpitude; (ii) Executive’s willful commission of an act of fraud or dishonesty resulting in economic or financial injury to the
Company or any affiliate; (iii) Executive’s willful failure to substantially perform or gross neglect of Executive’s duties, including, but not limited to, the failure to follow any lawful directive of the Board, within the reasonable
scope of Executive’s duties; (iv) Executive’s performance of acts materially detrimental to the Company or any affiliate, unless otherwise approved in advance by the Board or the Compensation Committee; (v) Executive’s use
of narcotics, alcohol, or illicit drugs in a manner that has or may reasonably be expected to have a detrimental effect on Executive’s performance of his duties as an employee of the Company or on the reputation of the Company or any affiliate;
(vi) Executive’s commission of a material violation of any rule or policy sponsored by the Company which results in injury to the Company; (vii) Executive’s material breach of this Agreement, including, but not limited to,
Executive’s material breach of the covenants set forth in Section 9 hereof; (viii) the occurrence or existence of any event constituting “Cause,” with respect to Executive, under Article 6 of that certain Second Amended and
Restated Certificate of Incorporation of Chaparral Energy, Inc., as amended and restated on April 12, 2010; (the “Certificate of Incorporation”); (ix) a material breach by the Company of Article 7 of the Certificate of
Incorporation caused by specific acts or omissions of Executive, provided that the Company fails to remedy such breach within ninety (90) days after the Company has knowledge of the initial existence of such breach; or (x) a material
breach by Fischer Investments, L.L.C., an Oklahoma limited liability company (“Fischer”), of that certain Stockholders’ Agreement, entered into April 12, 2010, by and among the Company, CCMP Capital Investors II (AV-2), L.P., a
Delaware limited partnership, CCMP Energy I LTD., a Cayman limited company, CCMP Capital Investors (Cayman) II, L.P., Fischer, Altoma Energy, an Oklahoma general partnership, and CHK Holdings, L.L.C., an Oklahoma limited liability company.
Notwithstanding the foregoing, Executive shall only be terminated for cause under this Section 5(c) if such decision is approved by a majority vote of the Board in accordance with the Company’s bylaws. 

(d) Good Reason. Executive may terminate Executive’s employment with the Company for “Good Reason,” and such
termination will not be a breach of this Agreement by Executive. For purposes of this Agreement, “Good Reason” shall mean the occurrence without the written consent of Executive, of one of the events set forth below: 

(i) a material diminution in Executive’s authority, duties or responsibilities combined with a demotion in Executive’s pay
grade ranking; 
  

 4 

 (ii) the reduction by the Company of Executive’s Base Salary by more than ten percent
(10%) (unless done so for all executive officers of the Company); 
 (iii) the requirement that Executive be based at any
office or location that is more than 50 miles from the Principal Location, except for travel reasonably required in the performance of Executive’s responsibilities; or 

(iv) any other action or inaction that constitutes a material breach by the Company of this Agreement such as the failure of any
successor to the Company to assume this Agreement pursuant to Section 14. 
 Notwithstanding the foregoing, Executive will not be deemed to
have terminated for Good Reason unless (A) Executive provides written notice to the Company of the existence of one of the conditions described above within ninety (90) days after Executive has knowledge of the initial existence of the
condition, (B) the Company fails to remedy the condition so identified within thirty (30) days after receipt of such notice (if capable of correction), (C) Executive provides a Notice of Termination to the Company within thirty
(30) days of the expiration of the Company’s period to remedy the condition, and (D) Executive terminates employment within ninety (90) days after Executive provides written notice to the Company of the existence of the condition
referred to in clause (A). 
 (e) Without Cause. The Company has the right to terminate Executive’s employment under
this Agreement without Cause by providing Executive with a Notice of Termination. 
 (f) Without Good Reason. Executive
may voluntarily terminate employment with the Company without Good Reason at any time by providing the Company with a Notice of Termination. 

6. Termination Procedure. 

(a) Notice of Termination. Any termination of Executive’s employment by the Company or by Executive during the Term (other
than termination pursuant to Section 5(a)) will be communicated by Notice of Termination to the other party in accordance with Section 15. For purposes of this Agreement, a “Notice of Termination” means a written notice which
indicates the specific termination provision in this Agreement relied upon and sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment. 

(b) Date of Termination. “Date of Termination” shall mean (i) if Executive’s employment is terminated by his
death, the date of his death, (ii) if Executive’s employment is terminated due to Disability pursuant to Section 5(b), thirty (30) days after Notice of Termination (provided that Executive has not returned to the substantial
performance of his duties on a full-time basis during such thirty (30) day period), (iii) if Executive’s employment is terminated for Good Reason pursuant to Section 5(d), the date on which a Notice of Termination provided in
accordance with such Section is given or any later date (within thirty (30) days after the giving of such Notice of Termination) set forth in such Notice of Termination, (iv) if Executive’s employment is terminated voluntarily by
Executive without Good Reason pursuant to Section 5(f), thirty (30) days after Notice of Termination, or (v) if Executive’s employment is terminated for any other reason, the date on which a Notice of Termination is given or any
later date (within thirty (30) days after the giving of such Notice of Termination) set forth in such Notice of Termination. 
  

 5 

 7. Obligations of the Company Upon Termination. In the event Executive’s
employment under this Agreement terminates during the Term and such termination constitutes a “separation from service” from the Company (within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended
(the “Code”), and Treasury Regulation Section 1.409A-1(h)) (“Separation from Service”), the Company will provide Executive with the payments and benefits set forth below. 

(a) Termination by Company Without Cause or by Executive for Good Reason Not Following Change in Control. If Executive’s
employment is terminated by the Company without Cause or by Executive for Good Reason at any time that is not within two (2) years after the occurrence of a “Change in Control” (as defined below): 

(i) The Company will pay to Executive in a single lump sum payment within thirty (30) days after the Date of Termination, the
aggregate amount of (A) any earned but unpaid Base Salary, (B) any Annual Bonus required to be paid to Executive pursuant to Section 4(b) for any fiscal year of the Company that ends on or before the Date of Termination to the extent
not previously paid, (C) accrued but unpaid vacation pay through the Date of Termination, and (D) reasonable business expenses incurred but unpaid through the Date of Termination (together, the “Accrued Obligations”); 

(ii) Subject to Sections 7(f) and 10 below, the Company will pay to Executive an amount equal to 2.5 (the “Severance
Multiple”) times the sum of (x) Executive’s Base Salary in effect on the Date of Termination plus (y) the Annual Bonus granted to Executive for the fiscal year of the Company immediately on or preceding the Date of Termination,
payable in the form of a salary continuation for a period of months equal to the product of 12 times the Severance Multiple; provided, however, that the first such payment shall not be made until the Company’s first payroll date
occurring on or after the 30th day following the Date of Termination (the “First Payroll Date”) and any amounts that would otherwise have been paid pursuant to this Section 7(a)(ii) prior to the First Payroll Date shall instead be
paid on the First Payroll Date. Each payment under this Section 7(a)(ii) shall be treated as a separate payment for purposes of Section 409A of the Code. 

(iii) Subject to Sections 7(f) and 10 below, the Company will maintain in full force and effect, for the continued benefit of Executive
(and Executive’s spouse and/or eligible dependents, as applicable) for a period of eighteen (18) months following the Date of Termination, participation by Executive (and Executive’s spouse and/or eligible dependents, as applicable)
in the medical, hospitalization, and dental programs maintained by the Company for the benefit of its senior executive officers as in effect on the Date of Termination, at such level and terms and conditions (including, without limitation,
contributions required by Executive for such benefits) as in effect on the Date of Termination; provided, if Executive (or his spouse) is eligible for Medicare or a similar type of governmental medical benefit, such benefit shall be the primary
provider before Company medical benefits are provided. However, if Executive becomes reemployed with another employer and is eligible to receive medical, hospitalization and dental benefits under another employer–provided plan, the medical,
hospitalization and dental benefits described herein shall be secondary to those provided under such other plan during the applicable period. If any plan pursuant to which such benefits are provided is not, or ceases prior to the expiration of the
period of continuation coverage to be, exempt from the application of Section 409A of the Code under Treasury Regulation Section 1.409A-1(a)(5), then an amount equal to each remaining premium payment shall thereafter be paid to Executive
as currently taxable compensation in substantially equal monthly installments over the continuation coverage period (or the remaining portion thereof). 
  

 6 

 (iv) For purposes of this Agreement, “Change in Control” shall mean: 

(A) The consummation of any transaction or series of related transactions involving the sale of the Company’s outstanding
securities (but excluding a public offering of the Company’s capital stock) for securities or other consideration issued or paid or caused to be issued or paid by such other corporation or an affiliate thereof and which result in this
Company’s shareholders (or their affiliates) immediately prior to such transaction not holding at least a majority of the voting power of the surviving or continuing entity following such transaction; or 

(B) The consummation by the Company (whether directly involving the Company or indirectly involving the Company through one or more
intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other disposition of all or substantially all of the Company’s assets or (z) the acquisition of assets or stock of another
entity, in each case, other than a transaction which results in the Company’s voting securities outstanding immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into voting securities
of the Company or the person that, as a result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the Company’s assets or otherwise succeeds to the business of the
Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting power of the Successor Entity’s outstanding voting securities immediately after the transaction.

 (b) Termination by Company Without Cause or by Executive for Good Reason Following Change in Control. If at any time
within two (2) years after a Change in Control, Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason, then Executive shall be entitled to the payments and benefits provided in Section 7(a)
hereof, subject to the terms and conditions thereof (including, without limitation, the requirement that a condition to Executive’s right to receive the amounts provided for thereunder is that Executive execute, deliver and not revoke the
Release as set forth in Section 10 below), except that for purposes of this Section 7(b), the Severance Multiple shall equal 3; provided, however, that if such Change of Control occurs as a result of the sale or other
disposition of all or substantially all of the Company’s assets, then the severance payment described in Section 7(a)(ii) hereof shall be payable in the form of a lump sum within sixty (60) days of the Date of Termination. 

 

 7 

 (c) Termination by Company for Cause or by Executive Without Good Reason. If
Executive’s employment is terminated by the Company for Cause or by Executive without Good Reason, the Company will pay Executive within thirty (30) days after the Date of Termination the Accrued Obligations; provided,
however, the amounts described in Section 7(a)(i)(D) shall not be paid to Executive if Executive’s employment was terminated by the Company for Cause due to Executive’s misappropriation of Company funds. 

(d) Disability. During any period that Executive fails to perform Executive’s duties under this Agreement as a result of
incapacity due to physical or mental illness, Executive will continue to receive his full Base Salary set forth in Section 4(a) until his employment is terminated pursuant to Section 5(b). If Executive’s employment is terminated due
to Disability pursuant to Section 5(b), subject to Sections 7(f) and 10 below, the Company will pay Executive within thirty (30) days after the Date of Termination the Accrued Obligations, plus a pro rata share of the Annual Bonus for the
fiscal year of the Company in which the Date of Termination occurs. 
 (e) Death. If Executive’s employment is
terminated by death, the Company will pay to Executive’s beneficiary, or personal or legal representatives or estate, as the case may be, within thirty (30) days after the Date of Termination the Accrued Obligations, plus a pro rata share
of the Annual Bonus for the fiscal year of the Company in which the Date of Termination occurs. 
 (f) Six-Month Delay.
Notwithstanding anything to the contrary in this Agreement, no compensation or benefits, including without limitation any severance payments or benefits payable under Section 7 hereof, shall be paid to Executive during the six (6)-month period
following Executive’s Separation from Service if the Company determines that paying such amounts at the time or times indicated in this Agreement would be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the payment
of any such amounts is delayed as a result of the previous sentence, then on the first business day following the end of such six (6)-month period (or such earlier date upon which such amount can be paid under Section 409A of the Code without
resulting in a prohibited distribution, including as a result of Executive’s death), the Company shall pay Executive a lump-sum amount equal to the cumulative amount that would have otherwise been payable to Executive during such period.

 8. Mitigation. Executive will not be required to mitigate amounts payable under this Agreement by seeking other
employment or otherwise, and there will be no offset against amounts due Executive under this Agreement on account of subsequent employment except as specifically provided herein. 

 

 8 

 9. Confidential Information; Non-Solicitation; Non-Competition. 

(a) Nondisclosure of Confidential Information. Executive acknowledges that it is the policy of the Company to maintain as secret
and confidential (i) all valuable and unique information, (ii) other information heretofore or hereafter acquired by the Company, or any affiliated entity and deemed by it to be confidential, and (iii) information developed or used by
the Company or any affiliated entity relating to the business, operations, employees and customers of the Company or any affiliated entity including, but not limited to, any employee information (all such information described in clauses (i),
(ii) and (iii) above, other than information which is known to the public or becomes known to the public through no fault of Executive, is hereinafter referred to as “Confidential Information”). The parties recognize that the
services to be performed by Executive pursuant to this Agreement are special and unique and that by reason of his employment by the Company after the date hereof, Executive has acquired and will acquire Confidential Information. Executive recognizes
that all such Confidential Information is the property of the Company. Accordingly, at any time during or after the Term, Executive shall not, except in the proper performance of his duties under this Agreement, directly or indirectly, without the
prior written consent of the Company, disclose to any Person other than the Company, whether or not such Person is a competitor of the Company, and shall use his best efforts to prevent the publication or disclosure of any Confidential Information
obtained by, or which has come to the knowledge of, Executive prior or subsequent to the date hereof. Notwithstanding the foregoing, Executive may disclose to other Persons, as part of his occupation, information with respect to the Company or any
affiliated entity, which (i) is of a type generally not considered by standards of the oil and natural gas industry to be proprietary, or (ii) is otherwise consented to in writing by the Company. 

(b) Non-Solicitation. Executive shall not, during the Term or for the period of months equal to the product of 12 times the
Severance Multiple following the Date of Termination (the “Covered Period”), either personally or by or through his/her agent or by letters, circulars or advertisements and whether for himself/herself or on behalf of any other person or
entity, hire, solicit or seek to hire any employee or consultant of the Company or any affiliated entity, or in any other manner attempt, directly or indirectly, to persuade any such employee or consultant to discontinue his/her status of employment
or consultancy with the Company or any affiliated entity or to become hired in any business or activities likely to be competitive with the Company’s or an affiliated entity’s business. Additionally, during the Covered Period, Executive
shall not, for himself/herself or on behalf of any person or entity, directly or indirectly, solicit, divert or attempt to solicit or divert any customer of the Company or any affiliated entity for the purpose of causing such customer to reduce or
refrain from doing any business with the Company or any affiliated entity. Executive further agrees that, during the Covered Period, he/she will not, directly or indirectly, request or advise any customers of the Company or an affiliated entity to
withdraw, curtail or cancel their business with the Company or any affiliated entity. For purposes of this Agreement, a “customer” of the Company or any affiliated entity shall mean those customers of the Company or an affiliated entity
who held a deposit account or otherwise transacted business with the Company or an affiliated entity at any time within the twelve (12) months preceding termination of Executive’s employment. Nothing contained in this Agreement is intended
to prohibit general advertising or solicitation not specifically directed at any or all of the Company’s or an affiliated entity’s customers or employees. 

 

 9 

 (c) Non-Competition. 

(i) As part of the consideration for the compensation and benefits to be paid to Executive hereunder, to protect the trade secrets and
Confidential Information of the Company and its customers and clients that have been and will be entrusted to Executive, the business goodwill of the Company and its subsidiaries that will be developed in and through Executive and the business
opportunities that will be disclosed or entrusted to Executive by the Company and its subsidiaries, and as an additional incentive for the Company to enter into this Agreement, during the Covered Period, Executive shall not directly or indirectly,
individually or on behalf of any other person or entity, manage, participate in, work for, consult with, render services for, or take an interest in (as an owner, stockholder, partner or lender) any Competitor in an area of Competing Business.

 (ii) For purposes of Section 9(c)(i): 

(A) “Competitor” means any business, company or individual which is in, or is actively seeking to be in the Competing
Business. 
 (B) “Competing Business” means the acquisition, exploration, exploitation, development, production
and/or operation of oil and gas properties. 
 (iii) Executive acknowledges that each of the covenants of Section 9(c)(i)
are in addition to, and shall not be construed as a limitation upon, any other covenant provided in Section 9. Executive agrees that the scope of prohibited activities and time duration of each of the covenants set forth in Section 9(c)(i)
are reasonable in nature and are no broader than are necessary to maintain the confidentiality and the goodwill of the Company’s proprietary and Confidential Information, plans and services and to protect the other legitimate business interests
of the Company, including without limitation the goodwill developed by Executive with the Company’s customers, suppliers, licensees and business relations. It is also the intent of the Company and Executive that such covenants be construed and
enforced in accordance with the changing activities, business and locations of the Company throughout the term of this covenant, whether before or after the Date of Termination. Executive agrees not to challenge the enforceability, scope or
reasonableness of the covenants in Section 9(c)(i). The covenants in Section 9(c)(i) are severable and separate, and the unenforceability of any specific covenant shall not affect the provisions of any other covenant. Moreover, in the
event any court of competent jurisdiction shall determine that the scope or duration set forth are unreasonable, then it is the intention of the parties that such restrictions be enforced to the fullest extent which the court deems reasonable, and
the Agreement shall thereby be reformed. 
 (iv) If, during any portion of the Covered Period, Executive is not in compliance
with the terms of Section 9(c)(i), the Company shall be entitled to, among other remedies, compliance by Executive with the terms of Section 9(c)(i) for an additional period of time (i.e., in addition to the Covered Period) that shall
equal the period(s) over which such noncompliance occurred. 
  

 10 

 (v) Nothing in this Section 9(c) shall prohibit: (A) direct or indirect ownership
of publicly traded securities which are issued by a Competitor involved in or conducting a Competing Business, provided that Executive, directly or indirectly, does not own more than 5% of the outstanding equity or voting securities of such
Competitor; (B) ownership of royalty interests where Executive owns the surface of the land covered by the royalty interest and the ownership of the royalty interest is incidental to the ownership of such surface estate, provided that any such
surface estate does not adjoin, or is not near to, any property ownership interest held directly or indirectly by the Company; (C) direct or indirect ownership of royalty interests or overriding royalty interests owned prior to the Effective
Date; or (D) direct or indirect ownership of working interests or other interests in oil and gas owned prior to the Effective Date and disclosed by Executive to the Company in writing. It is the intent of the Company that during the Term of
this Agreement Executive is not acquiring additional oil and gas interests, directly or indirectly. 
 (d) Obligations of
Executive Upon Termination. Upon termination of Executive’s employment for any reason, Executive shall return to the Company all documents and copies, including hard and electronic copies, of documents in his possession relating to any
Confidential Information including, but not limited to, internal and external business forms, manuals, correspondence, notes and computer programs, and Executive shall not make or retain any copy or extract of any of the foregoing. In addition,
Executive shall resign from all positions held with the Company or any affiliated entities. 
 (e) Remedies. Executive
acknowledges and understands that Sections 9(a), (b), (c) and (d) and the other provisions of this Agreement are of a special and unique nature, the loss of which cannot be adequately compensated for in damages by an action at law, and
that the breach or threatened breach of the provisions of this Agreement would cause the Company irreparable harm. In the event of a breach or threatened breach by Executive of the provisions of this Agreement, the Company shall be entitled to an
injunction restraining him from such breach. Nothing contained in this Agreement shall be construed as prohibiting the Company from pursuing, or limiting the Company’s ability to pursue, any other remedies available for any breach or threatened
breach of this Agreement by Executive. The provision of Section 12 hereof relating to arbitration of disputes shall not be applicable to the Company to the extent it seeks an injunction in any court to restrain Executive from violating Sections
9(a), (b), (c) and (d) hereof. 
 (f) Continuing Operation. Except as specifically provided in this
Section 9, the termination of Executive’s employment or of this Agreement will have no effect on the continuing operation of this Section 9. 

(g) Additional Related Agreements. Executive agrees to sign and to abide by the provisions of any additional agreements, policies
or requirements of the Company which are reasonable and related to the subject of this Section 9 which are in writing and are developed by the Company in the ordinary course of business. 

10. Release. Notwithstanding any other provisions of this Agreement, it shall be a condition to Executive’s right to receive
the amounts provided for in Section 7(a), 7(b) or 7(d) of this Agreement, that Executive will execute and deliver to the Company a release of claims in substantially the form attached hereto as Exhibit C (the “Release”) within
twenty-one (21) days following the Date of Termination and that Executive not revoke such release within seven (7) days thereafter. The form of the Release may be modified as needed to reflect changes in the applicable law or regulations
that are needed to provide a legally enforceable and binding Release to all parties at the time of execution. 
  

 11 

 11. Indemnification and Insurance. Executive shall be indemnified and held harmless
by the Company during the term of this Agreement and following any termination of this Agreement for any reason whatsoever in the same manner as would any other key management employee of the Company with respect to acts or omissions occurring prior
to (a) the termination of this Agreement or (b) the termination of employment of Executive. In addition, during the term of this Agreement and for a period of six years following the termination of this Agreement for any reason whatsoever,
Executive shall be covered by a Company held liability insurance policy, covering acts or omissions occurring prior to (i) the termination of this Agreement or (ii) the termination of employment of Executive. 

12. Arbitration; Legal Fees and Expenses. The parties agree that Executive’s employment and this Agreement relate to
interstate commerce, and that any disputes, claims or controversies between Executive and the Company which may arise out of or relate to Executive’s employment relationship or this Agreement shall be settled by arbitration. This agreement to
arbitrate shall survive the termination of this Agreement. Any arbitration shall be in accordance with the Rules of the American Arbitration Association and undertaken pursuant to the Federal Arbitration Act. Arbitration will be held in Oklahoma
City, Oklahoma unless the parties mutually agree on another location. The decision of the arbitrator(s) will be enforceable in any court of competent jurisdiction. The parties agree that punitive, liquidated or indirect damages shall not be awarded
by the arbitrator(s) unless such damages would have been awarded by a court of competent jurisdiction. Nothing in this agreement to arbitrate, however, shall preclude the Company from obtaining injunctive relief from a court of competent
jurisdiction prohibiting any ongoing breaches by Executive of this Agreement including, without limitation, violations of Section 9. If any contest or dispute arises between the Company and Executive regarding any provision of this Agreement,
the arbitrator may award to the prevailing party, the reasonable attorney fees, costs and expenses incurred by the prevailing party in connection with such contest or dispute. 

13. Maximum Payments by the Company. 

(a) It is the objective of this Agreement to maximize Executive’s Net After-Tax Benefit (as defined herein) if payments or benefits
provided under this Agreement are subject to excise tax under Section 4999 of the Code. Notwithstanding any other provisions of this Agreement, in the event that any payment or benefit by the Company or otherwise to or for the benefit of
Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, including, by example and not by way of limitation, acceleration by the Company or otherwise of the date of vesting or payment
or rate of payment under any plan, program, arrangement or agreement of the Company (all such payments and benefits, including the payments and benefits under Section 7 hereof, being hereinafter referred to as the “Total Payments”),
would be subject (in whole or in part) to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the cash severance payments shall first be reduced, and the non-cash severance payments shall thereafter be reduced,
to the extent necessary so that no portion of the Total Payments shall be subject to the Excise Tax, but only if (i) the net amount of such Total Payments, as so reduced (and after subtracting the net amount of federal, state and local income
taxes on such reduced Total Payments and after taking into account the phase out of itemized deductions and personal exemptions attributable to such reduced Total Payments), is greater than or equal to (ii) the net amount of such Total Payments
without such reduction (but after subtracting the net amount of federal, state and local income taxes on such Total Payments and the amount of Excise Tax to which Executive would be subject in respect of such unreduced Total Payments and after
taking into account the phase out of itemized deductions and personal exemptions attributable to such unreduced Total Payments). 
  

 12 

 (b) The Total Payments shall be reduced by the Company in the following order:
(i) reduction of any cash severance payments otherwise payable to Executive that are exempt from Section 409A of the Code, (ii) reduction of any other cash payments or benefits otherwise payable to Executive that are exempt from
Section 409A of the Code, but excluding any payments attributable to the acceleration of vesting or payments with respect to any equity award with respect to the Company’s common stock that is exempt from Section 409A of the Code,
(iii) reduction of any other payments or benefits otherwise payable to Executive on a pro-rata basis or such other manner that complies with Section 409A of the Code, but excluding any payments attributable to the acceleration of vesting
and payments with respect to any equity award with respect to the Company’s common stock that are exempt from Section 409A of the Code, and (iv) reduction of any payments attributable to the acceleration of vesting or payments with
respect to any other equity award with respect to the Company’s common stock that are exempt from Section 409A of the Code. 

(c) For purposes of determining whether and the extent to which the Total Payments will be subject to the Excise Tax, (i) no portion
of the Total Payments the receipt or enjoyment of which Executive shall have waived at such time and in such manner as not to constitute a “payment” within the meaning of Section 280G(b) of the Code shall be taken into account,
(ii) no portion of the Total Payments shall be taken into account which, in the written opinion of independent auditors of nationally recognized standing (“Independent Advisors”) selected by the Company, does not constitute a
“parachute payment” within the meaning of Section 280G(b)(2) of the Code (including by reason of Section 280G(b)(4)(A) of the Code) and, in calculating the Excise Tax, no portion of such Total Payments shall be taken into account
which, in the opinion of Independent Advisors, constitutes reasonable compensation for services actually rendered, within the meaning of Section 280G(b)(4)(B) of the Code, in excess of the “base amount” (as defined in
Section 280G(b)(3) of the Code) allocable to such reasonable compensation, and (iii) the value of any non-cash benefit or any deferred payment or benefit included in the Total Payments shall be determined by the Independent Advisors in
accordance with the principles of Sections 280G(d)(3) and (4) of the Code. The costs of obtaining such determination shall be borne by the Company. 

14. Agreement Binding on Successors. 

(a) Company’s Successors. No rights or obligations of the Company under this Agreement may be assigned or transferred except
that the Company will require any successor (whether direct or indirect, by purchase, merger, reorganization, sale, transfer of stock, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly
assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no succession had taken place. As used in this Agreement, “Company” means the Company as herein
defined, and any successor to its or the Company’s business and/or assets (by merger, purchase or otherwise) which executes and delivers the agreement provided for in this Section 14 or which otherwise becomes bound by all the terms and
provisions of this Agreement by operation of law. 
  

 13 

 (b) Executive’s Successors. No rights or obligations of Executive under this
Agreement may be assigned or transferred by Executive other than his rights to payments or benefits under this Agreement, which may be transferred only by will or the laws of descent and distribution. Upon Executive’s death, this Agreement and
all rights of Executive under this Agreement shall inure to the benefit of and be enforceable by Executive’s beneficiary, or personal or legal representatives, or estate, to the extent any such person succeeds to Executive’s interests
under this Agreement. In the event of Executive’s death or a judicial determination of his incompetence, reference in this Agreement to Executive shall be deemed, where appropriate, to refer to his estate or other legal representative(s). If
Executive should die following his Date of Termination while any amounts would still be payable to him under this Agreement if he had continued to live, unless otherwise provided, all such amounts shall be paid in accordance with the terms of this
Agreement to his beneficiary or personal or legal representatives or estate. 
 15. Notice. For the purposes of this
Agreement, notices, demands and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered either personally or by United States certified or registered mail, return receipt
requested, postage prepaid, addressed as follows: 
 If to Executive: 

At his last known address 

evidenced on the Company’s 

payroll records. 

If to the Company: 

Chaparral Energy, Inc. 

701 Cedar Lake Boulevard 

Oklahoma City, OK 73114 
 or to
such other address as any party may have furnished to the other in writing in accordance with this Agreement, except that notices of change of address shall be effective only upon receipt. 

16. Section 409A. 

(a) To the extent applicable, this Agreement shall be interpreted in accordance with Section 409A of the Code and Department of
Treasury regulations and other interpretative guidance issued thereunder, including without limitation any such regulations or other such guidance that may be issued after the Effective Date (“Section 409A”). Notwithstanding any provision
of this Agreement to the contrary, in the event that following the Effective Date, the Company determines in good faith that any compensation or benefits payable under this Agreement may not be either exempt from or compliant with Section 409A,
the Company shall adopt such amendments to this Agreement or adopt other policies or procedures (including amendments, policies and procedures with retroactive effective), or take any other commercially reasonable actions necessary or appropriate to
(i) preserve the intended tax treatment of the compensation and benefits payable hereunder, to preserve the economic benefits of such compensation and benefits, and/or to avoid less favorable accounting or tax consequences for the Company
and/or (ii) to exempt the compensation and benefits payable hereunder from Section 409A or to comply with the requirements of Section 409A and thereby avoid the application of penalty taxes thereunder; provided, however,
that this Section 17(a) does not, and shall not be construed so as to, create any obligation on the part of the Company to adopt any such amendments, policies or procedures or to take any other such actions or to indemnify Executive for any
failure to do so. 
  

 14 

 (b) Notwithstanding anything herein to the contrary, Executive acknowledges and agrees that
in the event that any tax is imposed under Section 409A in respect to any compensation or benefits payable to Executive, whether under this Agreement or otherwise, then (i) the payment of such tax shall be solely Executive’s
responsibility, (ii) neither the Company, its affiliates nor any of their respective past or present directors, officers, employees or agents shall have any liability for any such tax and (iii) Executive shall indemnify and hold harmless,
to the greatest extent permitted under law, each of the foregoing from and against any claims or liabilities that may arise in respect of any such tax. 

(c) To the extent that any of the rights or potential rights to future payments under the Change of Control Severance Agreement
constitute “nonqualified deferred compensation” (within the meaning of Section 409A), if any, the termination of such rights is undertaken in accordance with and as permitted under Internal Revenue Code Treasury Regulation §
1.409A-3(j)(ix)(B). 
 17. Withholding. All payments hereunder will be subject to any required withholding of federal,
state and local taxes pursuant to any applicable law or regulation 
 18. Miscellaneous. No provisions of this Agreement
may be amended, modified, or waived unless agreed to in writing and signed by Executive and by a duly authorized officer of the Company. No waiver by either party of any breach by the other party of any condition or provision of this Agreement shall
be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. The respective rights and obligations of the parties under this Agreement shall survive Executive’s termination of employment
and the termination of this Agreement to the extent necessary for the intended preservation of such rights and obligations. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of
Oklahoma without regard to its conflicts of law principles. 
 19. Validity. The invalidity or unenforceability of any
provision or provisions of this Agreement will not affect the validity or enforceability of any other provision of this Agreement, which will remain in full force and effect. 

 

 15 

 20. Counterparts. This Agreement may be executed in one or more counterparts, each of
which will be deemed to be an original but all of which together will constitute one and the same instrument. 
 21. Section
Headings. The section headings in this Agreement are for convenience of reference only, and they form no part of this Agreement and will not affect its interpretation. 

22. Entire Agreement. Except as provided elsewhere herein and except for the other documents and agreements contemplated in
accordance herewith, this Agreement sets forth the entire agreement of the parties with respect to its subject matter and supersedes all prior agreements, promises, covenants, arrangements, communications, representations or warranties, whether oral
or written, by any officer, employee or representative of any party to this Agreement with respect to such subject matter, including, without limitation the Change of Control Severance Agreement. 

23. Further Assurances. The parties hereby agree, without further consideration, to execute and deliver such other instruments or
to take such other action as may reasonably be required to effectuate the terms and provisions of this Agreement. 

*    *    *    * 

 

 16 

 IN WITNESS WHEREOF, the parties have executed this Agreement effective the date first above
written. 
  

			
	 CHAPARRAL ENERGY, INC.

		
	 By:
	 	 /s/ Joseph O. Evans

		 	Joseph O. Evans
		 	Chief Financial Officer and Treasurer
		
		 	“COMPANY”
	
	 /s/ Mark A. Fischer

	 Mark A. Fischer

	
	 “EXECUTIVE”

 

 17 

 EXHIBIT A 

TIME-VESTED RESTRICTED STOCK AGREEMENT 
  

 A-1 

 EXHIBIT B 

PERFORMANCE-VESTED RESTRICTED STOCK AGREEMENT 

 

 B-1 

 EXHIBIT C 

GENERAL RELEASE 
 NOTICE.
Various laws, including Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1866, the Pregnancy Discrimination Act of 1978, the Equal Pay Act, the Civil Rights Act of 1991, the Age Discrimination in Employment Act, the Rehabilitation
Act of 1973, the Americans With Disabilities Act, the Employee Retirement Income Security Act and the Veterans Reemployment Rights Act (all as amended from time to time), prohibit employment discrimination based on sex, race, color, national origin,
religion, age, disability, eligibility for covered employee benefits and veteran status. You may also have rights under laws such as the Older Worker Benefit Protection Act of 1990, the Worker Adjustment and Retraining Act of 1988, the Fair Labor
Standards Act, the Family and Medical Leave Act, the Occupational Health and Safety Act and other federal, state and/or municipal statutes, orders or regulations pertaining to labor, employment and/or employee benefits. These laws are enforced
through the United States Department of Labor and its agencies, including the Equal Employment Opportunity Commission (EEOC), and various state and municipal labor departments, fair employment boards, human rights commissions and similar agencies.

 This General Release is being provided to you in connection with the Employment Agreement between you and Chaparral Energy, Inc., dated
April 12, 2010 (the “Agreement”). The federal Older Worker Benefit Protection Act requires that you have at least twenty-one (21) days, if you want it, to consider whether you wish to sign a release such as this one in connection
with a special, individualized severance package. You have until the close of business twenty-one (21) days from the date you receive this General Release to make your decision. You may not sign this General Release until, at the earliest, your
official date of separation from employment. 
 BEFORE EXECUTING THIS GENERAL RELEASE YOU SHOULD REVIEW THESE DOCUMENTS CAREFULLY AND CONSULT
WITH YOUR ATTORNEY. 
 You may revoke this General Release within seven (7) days after you sign it and it shall not become effective or
enforceable until that revocation period has expired. If you do not accept the severance package and sign and return this General Release, or if you exercise your right to revoke the General Release after signing it, you will not be eligible for the
special, individualized severance package. Any revocation must be in writing and must be received by Chaparral Energy, Inc., 701 Cedar Lake Boulevard, Oklahoma City, OK 73114, within the seven-day period following your execution of this General
Release. 
  

 C-1 

 GENERAL RELEASE 

In consideration of the special, individualized severance package offered to me by Chaparral Energy, Inc. and the separation benefits I will receive as
reflected in the Employment Agreement between me and Chaparral Energy, Inc. dated April 12, 2010 (the “Agreement”), I hereby release and discharge Chaparral Energy, Inc. and its predecessors, successors, affiliates, parent,
subsidiaries and partners and each of those entities’ employees, officers, directors and agents (hereafter collectively referred to as the “Company”) from all claims, liabilities, demands, and causes of action, known or unknown, fixed
or contingent, which I may have or claim to have against the Company either as a result of my past employment with the Company and/or the severance of that relationship and/or otherwise, and hereby waive any and all rights I may have with respect to
and promise not to file a lawsuit to assert any such claims. 
 This General Release includes, but is not limited to, claims arising under Title
VII of the Civil Rights Act of 1964, the Civil Rights Act of 1866, the Pregnancy Discrimination Act of 1978, the Equal Pay Act, the Civil Rights Act of 1991, the Age Discrimination in Employment Act, the Rehabilitation Act of 1973, the Americans
With Disabilities Act, the Employee Retirement Income Security Act or 1974 and the Veterans Reemployment Rights Act (all as amended from time to time). This General Release also includes, but is not limited to, any rights I may have under the Older
Workers Benefit Protection Act of 1990, the Worker Adjustment and Retraining Act of 1988, the Fair Labor Standards Act, the Family and Medical Leave Act, the Occupational Health and Safety Act and any other federal, state and/or municipal statutes,
orders or regulations pertaining to labor, employment and/or employee benefits. This General Release also applies to any claims or rights I may have growing out of any legal or equitable restrictions on the Company’s rights not to continue an
employment relationship with its employees, including any express or implied employment contracts, and to any claims I may have against the Company for fraudulent inducement or misrepresentation, defamation, wrongful termination or other retaliation
claims in connection with workers’ compensation or alleged “whistleblower” status or on any other basis whatsoever. 
 It is
specifically agreed, however, that this General Release does not have any effect on any rights or claims I may have against the Company which arise after the date I execute this General Release or on any vested rights I may have under any of the
Company’s qualified or non-qualified benefit plans or arrangements as of or after my last day of employment with the Company, or on any of the Company’s obligations under the Agreement or as otherwise required under the Consolidated
Omnibus Budget and Reconciliation Act of 1985 (COBRA). 
 I have carefully reviewed and fully understand all the provisions of the Agreement and
General Release, including the foregoing Notice. I have not relied on any representation or statement, oral or written, by the Company or any of its representatives, which is not set forth in those documents. 

 

 C-2 

 The Agreement and this General Release, including the foregoing Notice, set forth the entire agreement
between me and the Company with respect to this subject. I understand that my receipt and retention of the separation benefits covered by the Agreement are contingent not only on my execution of this General Release, but also on my continued
compliance with my obligations under the Agreement that survive and continue in effect in accordance with the respective terms thereof, notwithstanding any termination of employment, including, without limitation, Section 9 thereof. I
acknowledge that the Company gave me twenty-one (21) days to consider whether I wish to accept or reject the separation benefits I am eligible to receive under the Agreement in exchange for this General Release. I also acknowledge that the
Company advised me to seek independent legal advice as to these matters, if I chose to do so. I hereby represent and state that I have taken such actions and obtained such information and independent legal or other advice, if any, that I believed
were necessary for me to fully understand the effects and consequences of the Agreement and General Release prior to signing those documents. 

Dated this          day of
                    ,         . 

 

			
	  

		
	  
	 	

  

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