Document:

<PAGE>
                                                                    EXHIBIT 10.1

                             STOCK VOTING AGREEMENT

         STOCK VOTING AGREEMENT, dated as of _______________________, 2006 (this
"Agreement"), is by and among the undersigned stockholder (the "Stockholder"),
Range Resources Corporation, a Delaware corporation ("Parent"), and Stroud
Energy, Inc., a Delaware corporation (the "Company").

         WHEREAS, concurrently herewith, Parent, Range Acquisition Texas, Inc.,
a Delaware corporation and a wholly-owned subsidiary of Parent ("Merger Sub"),
and the Company are entering into an Agreement and Plan of Merger of even date
herewith (the "Merger Agreement"), pursuant to which Merger Sub will merge with
and into Company (the "Merger"). Each capitalized term used herein and not
otherwise defined shall have the meaning set forth in the Merger Agreement;

         WHEREAS, the Stockholder, as of the date hereof, has Beneficial
Ownership, as defined in Section 7 hereof, of the number of shares of common
stock, $0.001 par value per share, of the Company ("Company Common Stock") set
forth on Exhibit A hereto (the "Existing Shares", and together with any shares
of Company Common Stock acquired by the Stockholder after the date hereof and
prior to the termination of this Agreement whether upon the exercise of options,
warrants or rights, the conversion or exchange of convertible or exchangeable
shares, or by means of purchase, dividend, distribution or otherwise,
hereinafter collectively referred to as the "Shares"). References in this
Agreement to shares of Company Common Stock shall also be deemed to refer to the
associated right to purchase Series A Junior Participating Preferred Stock, par
value $1.00 per share, of the Company in accordance with the Company Rights
Agreement, as appropriate. Exhibit A hereto lists separately all options,
warrants or other rights to purchase Company Common Stock held by the
Stockholder; and

         WHEREAS, Parent and Merger Sub are entering into the Merger Agreement
in reliance on and in consideration of the Stockholder's representations,
warranties, covenants and agreements hereunder.

         NOW, THEREFORE, in consideration of Parent and Merger Sub's execution
of the Merger Agreement and the mutual covenants and agreements herein contained
and other good and valuable consideration, and intending to be legally bound
hereby, it is agreed as follows:

          1.   VOTE.

          1.1  AGREEMENT TO VOTE. The Stockholder hereby revokes any and all
               previous proxies with respect to the Stockholder's Shares and
               irrevocably agrees to vote and otherwise act (including pursuant
               to written consent) with respect to all of such Shares: (i) in
               favor of the approval of the Merger Agreement (or any amended
               version or versions thereof) and the Merger, and all actions
               required in furtherance thereof, at any meeting or meetings of
               the stockholders of the Company, and at any adjournment,
               postponement or continuation thereof, at which the Merger
               Agreement (or any amended version or versions thereof) and the
               Merger are submitted for the consideration and vote of the
               stockholders of the Company; (ii) against any action or agreement
               that would result in a breach in any

<PAGE>

               respect of any covenant, representation or warranty or any other
               obligation or agreement of the Company under the Merger Agreement
               or this Agreement; and (iii) except as otherwise agreed to in
               writing in advance by Parent, against the following actions
               (other than the Merger and the transactions contemplated by the
               Merger Agreement): (A) any extraordinary corporate transaction,
               such as a merger, consolidation or other business combination
               involving the Company or its Subsidiaries; (B) a sale, lease or
               transfer of a material amount of assets of the Company or its
               Subsidiaries; (C)(1) any change in a majority of the persons who
               constitute the board of directors of the Company, (2) any change
               in the present capitalization of the Company or any amendment of
               the Company's Certificate of Incorporation or Bylaws, (3) any
               other material change in the Company's corporate structure or
               business, or (4) any other action that is intended or could
               reasonably be expected to impede, interfere with, delay, postpone
               or adversely affect in any material respect the Merger and the
               other transactions contemplated by the Merger Agreement. The
               Stockholder shall not enter into any agreement or understanding
               with any person or entity the effect of which would be
               inconsistent or violative of the provisions and agreements
               contained in this Section 1. The obligations of the Stockholder
               under this Section 1 shall remain in effect with respect to the
               Shares until, and shall terminate upon, the earlier to occur of
               the Effective Time or the termination of the Merger Agreement in
               accordance with its terms. The Stockholder hereby agrees to
               execute such additional documents as Parent may reasonably
               request to effectuate the foregoing.

          1.2  IRREVOCABLE PROXY. Concurrently with the execution of this
               Agreement, the Stockholder agrees to deliver to Parent a proxy in
               the form attached hereto as Exhibit B (the "Proxy"), which shall
               be irrevocable to the fullest extent permissible by applicable
               law, with respect to the Shares.

          2.   REPRESENTATIONS AND WARRANTIES OF THE STOCKHOLDER. The
Stockholder represents and warrants to Parent as follows:

          2.1  OWNERSHIP OF SHARES. On the date hereof, the Shares are all of
               the Shares currently Beneficially Owned by the Stockholder. The
               Stockholder has sole voting power and sole power to issue
               instructions with respect to the matters set forth in Section 1
               hereof, sole power of disposition, sole power of conversion and
               sole power to agree to all of the matters set forth in this
               Agreement, in each case with respect to all of the Shares set
               forth on Exhibit A hereto, with no limitations, qualifications or
               restrictions on such rights, subject to applicable securities
               laws and the terms of this Agreement. The Stockholder currently
               has, and at all times during the term hereof will have, good,
               valid and marketable title to the Shares, free and clear of all
               liens, encumbrances and security interests (other than the
               encumbrances created by this Agreement and other than
               restrictions on transfer under applicable federal and state
               securities laws) and free of other restrictions, options, rights
               to purchase or other claims that would adversely affect the
               ability of the Stockholder to perform its obligations hereunder
               or pursuant to which the Stockholder could be required to sell,
               assign or otherwise transfer the Shares.

                                       2
<PAGE>

          2.2  AUTHORITY; BINDING AGREEMENT. The Stockholder has the full legal
               right, power and authority to enter into and perform all of its
               obligations under this Agreement. This Agreement has been duly
               executed and delivered by the Stockholder and constitutes a
               legal, valid and binding agreement of the Stockholder,
               enforceable in accordance with its terms, subject, as to
               enforceability, to bankruptcy, insolvency, reorganization,
               moratorium and other laws of general applicability relating to or
               affecting creditors' rights and to general principles of equity
               (regardless of whether such enforceability is considered in a
               proceeding in equity or at law). Neither the execution and
               delivery of this Agreement nor the consummation by the
               Stockholder of the transactions contemplated hereby will (i)
               violate, or require any consent, approval or notice under, any
               provision of any judgment, order, decree, statute, law, rule or
               regulation applicable to the Stockholder or the Shares or (ii)
               constitute a violation of, conflict with or constitute a default
               under, any contract, commitment, agreement, understanding,
               arrangement or other restriction of any kind to which the
               Stockholder is a party or by which the Stockholder is bound, in
               each case the effect of which would adversely affect the ability
               of the Stockholder to perform his obligations hereunder.

          2.3  RELIANCE ON AGREEMENT. The Stockholder understands and
               acknowledges that Parent is entering into the Merger Agreement in
               reliance upon the Stockholder's execution and delivery of this
               Agreement.

          3.   CERTAIN COVENANTS OF THE STOCKHOLDER. Except in accordance with
the provisions of this Agreement, the Stockholder agrees with and covenants to
Parent as follows:

          3.1  TRANSFER. Prior to the termination of this Agreement, except as
               otherwise provided herein, the Stockholder shall not, other than
               as a result of the death of the Stockholder: (i) transfer (which
               term shall include, without limitation, for the purposes of this
               Agreement, any sale, gift, pledge, assignment, encumbrance or
               other disposition), whether directly or indirectly (including by
               operation of law), or consent to any transfer of, any or all of
               the Shares or any interest therein, except pursuant to the
               Merger; (ii) grant any proxies, powers-of-attorney or other
               authorizations or consents with respect to the Shares, deposit
               the Shares into a voting trust or enter into a voting agreement
               or similar arrangement with respect to the Shares; or (iii) enter
               into any contract, option or other agreement or understanding
               with respect to any transfer of any or all such Shares or any
               interest therein.

          3.2  STOP TRANSFER. The Stockholder hereby agrees with and covenants
               to each other party hereto that the Stockholder shall not request
               that the Company register the transfer (book entry or otherwise)
               of any certificate or uncertified interest representing any of
               its Shares, unless such transfer is made in compliance with this
               Agreement.

          3.3  NOTIFICATIONS. The Stockholder shall, while this Agreement is in
               effect, notify Parent promptly, but in no event later than two
               business days, of the number of

                                       3
<PAGE>

               any shares of Company Common Stock acquired by the Stockholder
               after the date hereof.

          3.4  WAIVER OF CLAIMS. The Stockholder agrees that it will not bring,
               commence, institute, maintain, prosecute, participate in or
               voluntarily aid any action, claim, suit or cause of action, in
               law or in equity, in any court or before any governmental entity,
               which challenges the validity of or seeks to enjoin the operation
               of any provision of this Agreement; provided, that the
               Stockholder may defend against, contest or settle any such
               action, claim, suit ot cause of action brought against the
               Stockholder that relates to the Stockholder's capacity as a
               director or officer of the Company.

          3.5  OTHER TRANSACTIONS. The Stockholder shall not, directly or
               indirectly, (i) solicit, initiate, seek, encourage, facilitate or
               induce any inquiry with respect to, or the making, submission or
               announcement of, any Acquisition Proposal or any inquiry, offer
               or proposal that may reasonably be expected to lead to an
               Acquisition Proposal, (ii) participate in any discussions or
               negotiations regarding, or furnish to any person or entity or
               grant access to any person or entity to any nonpublic information
               with respect to, or take any other action to facilitate any
               inquiries or the making of any proposal that constitutes or may
               reasonably be expected to lead to, any Acquisition Proposal or
               (iii) engage in discussions with any person or entity with
               respect to any Acquisition Proposal, except as to the existence
               of these provisions; provided, that the Stockholder may act in
               his capacity as a director or officer of the Company in
               connection with actions taken by the Company that are permitted
               by Section 4.2 of the Merger Agreement. As promptly as
               practicable (but in no event later than 24 hours) after receipt
               of any Acquisition Proposal, or any request for nonpublic
               information or inquiry which the Stockholder reasonably believes
               could lead to an Acquisition Proposal, the Stockholder shall
               provide Parent with oral and written notice of the material terms
               and conditions of such Acquisition Proposal, request or inquiry,
               and the identity of the person, entity or Group making any such
               Acquisition Proposal, request or inquiry and a copy of all
               written materials provided in connection with such Acquisition
               Proposal, request or inquiry.

          3.6  APPRAISAL RIGHTS. To the extent permitted by applicable law, the
               Stockholder shall not exercise any rights (including, without
               limitation, under Section 262 of the DGCL) to demand appraisal of
               any Shares that may arise with respect to the Merger.

          3.7  ADDITIONAL VOTING AGREEMENTS. If requested by Parent, the
               Stockholder agrees to use its commercially reasonable efforts to
               cause the other beneficial owners of any shares of Company Common
               Stock over which the Stockholder has shared voting or dispositive
               power (such shares, the "Shared Securities") to execute stock
               voting agreements and Irrevocable Proxies, in substantially
               similar form to this Agreement and the Irrevocable Proxy attached
               hereto, prior to the Effective Time. If not so requested by
               Parent, the Stockholder nonetheless agrees to use its

                                       4
<PAGE>

               commercially reasonable efforts to cause the Shared Securities to
               be voted in a manner consistent with this Agreement.

          4.   EFFECT OF PURPORTED TRANSFER. The Company agrees with, and
covenants to, each other party hereto that the Company shall not register the
transfer (book entry or otherwise) of any certificate or uncertified interest
representing any of the Shares, unless such transfer is made in compliance with
this Agreement. The parties hereto agree that any transfer of the Shares made
other than in compliance with this Agreement shall be null and void. Any such
transfer shall convey no interest in any of the Shares purported to be
transferred, and the transferee shall not be deemed to be a stockholder of the
Company nor entitled to receive a new share certificate or any rights, dividends
or other distributions on or with respect to such Shares.

          5.   TERMINATION. This Agreement shall terminate, and neither Parent
nor the Stockholder shall have any rights or obligations hereunder, and this
Agreement shall become null and void and have no effect on the earlier of (i)
the Effective Time or (ii) upon the termination of the Merger Agreement in
accordance with its terms.

          6.   ACTION IN THE STOCKHOLDER'S CAPACITY ONLY. Notwithstanding any
provision of this Agreement to the contrary, the Stockholder does not make any
agreement or understanding herein as director or officer of the Company. The
Stockholder signs solely in his capacity as Beneficial Owner of the Shares, and
nothing herein shall limit or affect any actions taken in his capacity as an
officer or director of the Company. Further, Parent covenants that it will not
bring, commence, institute, maintain, prosecute, participate in or voluntarily
aid any action, claim, suit or cause of action, in law or in equity, in any
court or before any governmental entity, which (i) alleges that any action taken
(or not taken) by Stockholder solely in Stockholder's capacity as a director or
officer of the Company breaches or violates or would breach or violate any
provision of this Agreement or the Proxy or (ii) challenges the right of
Stockholder to vote or challenges the validity or seeks to enjoin any vote by
Stockholder on any matter other than those matters set forth in Section 1
hereof.

          7.   DEFINITIONS. For the purposes of this Agreement:

          7.1      "Beneficial Ownership" or "Beneficial Owner" with respect to
                   any securities shall mean having "beneficial ownership" of
                   such securities (as determined pursuant to Rule 13d-3 under
                   the Securities Exchange Act of 1934 (the "Exchange Act"),
                   including pursuant to any agreement, arrangement or
                   understanding, whether or not in writing; provided, however,
                   that notwithstanding Rule 13d-3 under the Exchange Act,
                   "Beneficial Ownership" or "Beneficial Owner" for purposes of
                   this Agreement shall include only those securities over which
                   the Stockholder has sole voting and dispositive power.
                   Without duplicative counting of the same security by the same
                   holder, securities Beneficially Owned by a Person shall
                   include securities Beneficially Owned by all other Persons
                   with whom such Person would constitute a "group" as within
                   the meaning of Section 13(d)(3) of the Exchange Act.

          7.2      "Person" shall mean an individual, corporation, partnership,
                   joint venture, association, trust, unincorporated
                   organization or other entity.

                                       5
<PAGE>

          8.       MISCELLANEOUS.

          8.1      NOTICES. Any notice or communication required or permitted
                   hereunder shall be in writing and either delivered
                   personally, telegraphed or telecopied or sent by certified or
                   registered mail, postage prepaid, and shall be deemed to be
                   given, dated and received (i) when so delivered personally,
                   (ii) upon receipt of an appropriate electronic answerback or
                   confirmation when so delivered by telegraph or telecopy (to
                   such number specified below or another number or numbers as
                   such person may subsequently designate by notice given
                   hereunder), or (iii) five business days after the date of
                   mailing to the following address or to such other address or
                   addresses as such person may subsequently designate by notice
                   given hereunder, if so delivered by mail:

                   IF TO PARENT:          Range Resources Corporation
                                          777 Main Street
                                          Suite 800
                                          Fort Worth, Texas  76102
                                          Attention:  Rodney L. Waller
                                          Fax No.:  (817) 810-1950

                   WITH A COPY TO:        Vinson & Elkins L.L.P.
                                          3700 Trammell Crow Center
                                          2001 Ross Avenue
                                          Dallas, Texas  75201
                                          Attention:  Rodney L. Moore
                                          Fax No.:  (214) 999-7781

                   IF TO THE STOCKHOLDER: at the address set forth on Exhibit A

                   IF TO THE COMPANY:     Stroud Energy, Inc.
                                          801 Cherry Street, Suite 3800
                                          Fort Worth, Texas 76102
                                          Attention:  Patrick J. Noyes
                                          Fax No.:  (817) 882-8811

                   WITH A COPY TO:        Thompson & Knight L.L.P.
                                          1700 Pacific Avenue
                                          Suite 3300
                                          Dallas, Texas  75201
                                          Attention:  Joe Dannenmaier
                                          Fax No.:  (214) 969-1751

          8.2      FURTHER ACTIONS. Each of the parties hereto agrees that it
                   will use its commercially reasonable efforts to do all things
                   necessary to effectuate this Agreement. The Stockholder and
                   the Company hereby covenant and agree to

                                       6
<PAGE>

                   execute and deliver any additional documents reasonably
                   necessary or desirable to carry out the purpose and intent
                   of this Agreement.

          8.3      ENTIRE AGREEMENT. This Agreement, together with the documents
                   expressly referred to herein, constitutes the entire
                   agreement, and supersedes all prior agreements and
                   understandings, both written and oral, among the parties with
                   respect to the subject matter hereof.

          8.4      AMENDMENTS. This Agreement may not be modified, amended,
                   altered or supplemented, except upon the execution and
                   delivery of a written agreement executed by the parties
                   hereto. The failure of any party hereto to exercise any
                   right, power or remedy provided under this Agreement or
                   otherwise available in respect hereof at law or in equity, or
                   to insist upon compliance by any other party hereto with its
                   obligations hereunder, and any custom or practice of the
                   parties at variance with the terms hereof shall not
                   constitute a waiver by such party of its right to exercise
                   any such or other right, power or remedy or to demand such
                   compliance.

          8.5      EXPENSES. All costs and expenses incurred in connection with
                   this Agreement shall be paid by the party incurring such cost
                   or expense.

          8.6      SPECIFIC PERFORMANCE. Each of the parties hereto acknowledges
                   and agrees that in the event of any breach of this Agreement,
                   each non-breaching party would be irreparably and immediately
                   harmed and could not be made whole by monetary damages. It is
                   accordingly agreed that the parties hereto (i) will waive, in
                   any action for specific performance, the defense of adequacy
                   of a remedy at law and (ii) shall be entitled, in addition to
                   any other remedy to which they may be entitled at law or in
                   equity, including monetary damages, to compel specific
                   performance of this Agreement without the necessity of
                   posting bond or proving actual damages.

          8.7      ASSIGNMENT. This Agreement shall be binding upon and inure to
                   the benefit of the parties hereto and their respective
                   successors, assigns and personal representatives, but neither
                   this Agreement nor any of the rights, interests or
                   obligations hereunder shall be assigned by any of the parties
                   without the prior written consent of the other parties.

          8.8      GOVERNING LAW. This Agreement shall be governed and construed
                   in accordance with the laws of the State of Delaware, without
                   giving effect to the principles of conflicts of law thereof.

          8.9      COUNTERPARTS. This Agreement may be executed manually or by
                   facsimile in two or more counterparts, all of which shall be
                   considered one and the same agreement and shall become
                   effective when a counterpart hereof shall have been signed by
                   each of the parties and delivered to the other parties, it
                   being understood that all parties need not sign the same
                   counterpart.

                                       7
<PAGE>

          8.10     SEVERABILITY. Any term or provision of this Agreement that is
                   invalid or unenforceable in any jurisdiction shall, as to
                   such jurisdiction, be ineffective to the extent of such
                   invalidity or unenforceability without rendering invalid or
                   unenforceable the remaining terms and provisions of this
                   Agreement or affecting the validity or enforceability of any
                   of the terms or provisions of this Agreement in any other
                   jurisdiction. If any provision of this Agreement is so broad
                   as to be unenforceable, such provision shall be interpreted
                   to be only so broad as is enforceable.

          8.11     EFFECT OF HEADINGS. The section headings herein are for
                   convenience only and shall not affect the construction or
                   interpretation of this Agreement.

                            [SIGNATURE PAGE FOLLOWS]

                                       8
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed, as of the date and year first above written.

                                             STROUD ENERGY, INC.

                                             By:
                                                --------------------------------
                                             Name:
                                                  ------------------------------
                                             Title:
                                                   -----------------------------

                                             RANGE RESOURCES CORPORATION

                                             By:
                                                --------------------------------
                                             Name:
                                                  ------------------------------
                                             Title:
                                                   -----------------------------

                                             STOCKHOLDER

                                             By:
                                                --------------------------------

                                             Print Name:
                                                        ------------------------

                   [SIGNATURE PAGE TO STOCK VOTING AGREEMENT]

<PAGE>

Instruction: If you are an individual and are married, please have your spouse
complete this form:

                                 SPOUSAL CONSENT

         I am the spouse of ____________________. On behalf of myself, my heirs
and legatees, I hereby join in and consent to the terms of the foregoing party's
Stock Voting Agreement, and agree to the voting of the Shares of the common
stock of the Company, beneficially owned by my spouse, that my spouse proposes
to vote pursuant to the Stock Voting Agreement.

Dated:                  , 2006
      ------------------

                                             -----------------------------------
                                             (Signature of Spouse)

                                             Printed Name:
                                                          ----------------------

<PAGE>

                                    EXHIBIT A

                     STOCK OWNERSHIP AND ADDRESS NOTICE LIST

Beneficial Ownership:              __________ shares of Company Common Stock.
                                   This number includes __________ shares which
                                   may be acquired upon exercise of stock
                                   options that are currently exercisable, but
                                   does not include __________ shares which may
                                   be acquired pursuant to stock options that
                                   are not currently exercisable.

Address for Notices:               ____________________

                                   ____________________

                                   ____________________

                                   ____________________

                                   Fax No.:____________

                                  EXHIBIT A-1

<PAGE>

                                    EXHIBIT B

                                IRREVOCABLE PROXY

         The undersigned stockholder of Stroud Energy, Inc., a Delaware
corporation (the "Company"), hereby irrevocably (to the fullest extent permitted
by law) appoints the directors on the board of directors of Range Resources
Corporation, a Delaware corporation (the "Parent"), and each of them, as the
sole and exclusive attorneys and proxies of the undersigned, with full power of
substitution and resubstitution, to vote and exercise all voting and related
rights (to the full extent that the undersigned is entitled to do so) with
respect to all of the shares of capital stock of the Company that now or
hereafter may be beneficially owned by the undersigned, and any and all other
shares or securities of the Company issued or issuable in respect thereof on or
after the date hereof (collectively, the "Shares") in accordance with the terms
of this Proxy. The Shares beneficially owned by the undersigned stockholder of
the Company as of the date of this Proxy are listed on the final page of this
Proxy. Upon the execution of this Proxy by the undersigned, any and all prior
proxies given by the undersigned with respect to any Shares shall be revoked and
the undersigned hereby agrees not to grant any subsequent proxies with respect
to the Shares until after the Expiration Date (as defined below).

         This Proxy is irrevocable (to the fullest extent permitted by law), is
coupled with an interest and is granted pursuant to the Stock Voting Agreement
of even date herewith by and between the Parent, the Company and the undersigned
stockholder (the "Stock Voting Agreement"), and is granted in consideration of
the Parent and a wholly-owned subsidiary of Parent ("Merger Sub") entering into
the Agreement and Plan of Merger (the "Merger Agreement"), by and among the
Parent, Merger Sub and the Company, which provides for the merger of Merger Sub
with and into the Company, with the Company being the surviving corporation (the
"Merger"). This Proxy shall terminate and be of no further force and effect
automatically upon the Expiration Date. As used herein, the term "Expiration
Date" shall mean the date that the Stock Voting Agreement terminates in
accordance with its terms.

         The attorneys and proxies named above, and each of them, are hereby
authorized and empowered by the undersigned, at any time prior to the Expiration
Date, to act as the undersigned's attorney and proxy to vote the Shares, and to
exercise all voting, consent and similar rights of the undersigned with respect
to the Shares (including, without limitation, the power to execute and deliver
written consents) (i) in favor of the approval of the Merger Agreement (or any
amended version or versions thereof) and the Merger, and all actions required in
furtherance thereof, at any meeting or meetings of the stockholders of the
Company, and at any adjournment, postponement or continuation thereof, at which
the Merger Agreement (or any amended version or versions thereof) and the Merger
are submitted for the consideration and vote of the stockholders of the Company;
(ii) against any action or agreement that would result in a breach in any
respect of any covenant, representation or warranty or any other obligation or
agreement of the Company under the Merger Agreement or the Stock Voting
Agreement; and (iii) except as otherwise agreed to in writing in advance by
Parent, against the following actions (other than the Merger and the
transactions contemplated by the Merger Agreement): (A) any extraordinary
corporate transaction, such as a merger, consolidation or other business
combination involving the Company or its Subsidiaries; (B) a sale, lease or
transfer of a material

                                  Exhibit B-1

<PAGE>

amount of assets of the Company or its Subsidiaries; (C)(1) any change in a
majority of the persons who constitute the board of directors of the Company,
(2) any change in the present capitalization of the Company or any amendment of
the Company's Certificate of Incorporation or Bylaws, (3) any other material
change in the Company's corporate structure or business or (4) any other action
which is intended, or could reasonably be expected, to impede, interfere with,
delay, postpone or adversely affect in any material respect the Merger and the
transactions contemplated by the Merger Agreement.

         The attorneys and proxies named above may not exercise this Proxy to
vote, consent or act on any other matter except as provided above. The
undersigned stockholder may vote the Shares on all other matters.

         Any obligation of the undersigned hereunder shall be binding upon the
successors and assigns of the undersigned.

                  [Remainder of Page Intentionally Left Blank]

                                  Exhibit B-2

<PAGE>

Dated:            , 2006
      ------------
                                Signature of Stockholder:
                                                           --------------------

                                Print Name of Stockholder:
                                                           --------------------

                                Shares beneficially owned:

                                         shares of Company Common Stock
                                -------

                                         shares of Company Common Stock issuable
                                -------  upon the exercise of outstanding
                                         options, warrants or other rightsexv10w1

 

Exhibit 10.1

EXECUTION COPY

EMPLOYMENT AGREEMENT

     EMPLOYMENT AGREEMENT (the “Agreement”), made as of this 10th day of May,
2006, by and between Gary Kolstad, residing at
                                    (the “Executive”), and CARBO Ceramics Inc.,
a Delaware corporation (the “Company”).

WITNESSETH

     WHEREAS, the Company wishes to employ the Executive as President and Chief Executive Officer
of the Company and the Executive wishes to serve the Company in such capacity.

     NOW, THEREFORE, in consideration of the conditions and covenants set forth herein, it is
agreed as follows:

     1. Employment, Duties and Agreements.

     (a) The Company hereby employs the Executive, and the Executive hereby agrees to be
employed by the Company during the Term, as the Company’s President and Chief Executive Officer on
the terms and conditions set forth herein, “Term” shall mean the period commencing on June
1, 2006 (the “Effective Date”) and ending on December 31, 2007; provided, that the
Term shall be extended automatically for successive one-year periods, at the rate of Base Salary
and on other terms then in effect pursuant to this Agreement, unless written notice of an election
not to extend is given by either party to the other at least ninety (90) days prior to the date the
Term would then otherwise expire absent its extension; provided, that the Term may be
terminated prior to its scheduled expiration date in accordance with Section 3 hereof. Upon any
expiration of the Term, the Executive’s employment with the Company shall be at will.

     (b) The Executive shall have such responsibilities and duties as the Board of Directors of
the Company (the “Board”) may from time to time reasonably determine consistent with the
Executive’s position as President and Chief Executive Officer of the Company. In rendering his
services hereunder, the Executive shall be subject to, and shall act in accordance with, all
reasonable instructions and directions of the Board and all applicable policies and rules thereof.
The Executive shall devote the Executive’s full working time to the performance of the Executive’s
responsibilities and duties hereunder. During the Term, the Executive will not, without the prior
written consent of the Board, render services, whether or not compensated, to any other person or
entity as an employee, independent contractor, director or otherwise; provided,
however, that nothing herein shall restrict the Executive from rendering services to
not-for-profit organizations, including, without limitation, any country club of which he is a
member, or managing the Executive’s personal investments during the Executive’s non-working time.

     (c) During the Term, the Executive will not engage in any other business affiliation with
respect to any entity, including, without limitation, the establishment of a proprietorship or the
participation in a partnership or joint venture, or acquire any equity interest in any entity
(other than the Company) if (i) such engagement or ownership would interfere with the full-time
performance of his responsibilities and duties hereunder or (ii) such entity is

 

 

engaged in the business of production, supply or distribution of proppants used in the
hydraulic fracturing of natural gas and oil wells or in the provision of fracture or reservoir
diagnostic services. The Executive represents and warrants that, as of the Effective Date, the
Executive will not be engaged in any such business affiliation and will not own any such equity
interests.

     2. Compensation. During the Term, the Executive shall be entitled to the following
compensation.

     (a) The Company shall pay the Executive a base salary at the rate of $300,000 per annum,
payable in accordance with the Company’s normal payroll practices (“Base Salary”). The
Board shall have the right to review the Executive’s performance and compensation from time to time
and may, in its sole discretion, increase his Base Salary based on such factors as the Board deems
appropriate.

     (b) The Executive will be paid an incentive bonus with respect to each fiscal year during
the Term equal to the sum of (i) 0.5% of the Company’s earnings before interest income and expense
and taxes for such fiscal year (“EBIT”) up to $75,000,000, plus (ii) 1.0% of EBIT in excess
of $75,000,000 (“Incentive Bonus”); provided, that with respect to the 2006 fiscal
year, Executive’s Incentive Bonus shall be equal to the 2006 fiscal year Incentive Bonus to which
Executive would otherwise be entitled pursuant to this Section 2(b) multiplied by a fraction, the
numerator of which is the number of days in the period commencing on the Effective Date and ending
on the last day of the 2006 fiscal year (inclusive) and the denominator of which is 365. Any such
Incentive Bonus shall be paid to the Executive as soon as practicable and in any event no later
than the earlier of (i) thirty (30) days after the completion of the audited financial statements
and determination of EBIT (the “EBIT Determination Date”) for such fiscal year and (ii) two and one
half (2 1/2) months following the end of such fiscal year.

     (c) On the Effective Date, the Company shall grant to the Employee, under the 2004 CARBO
Ceramics Inc. Long-Term Incentive Plan (the “Plan”), 20,000 restricted shares of common stock of
the Company (the “Restricted Stock”). The grant of the Restricted Stock shall be subject to the
terms and conditions of the Plan and the Executive’s Officer Restricted Stock Award Agreement (the
form of which is attached hereto as Appendix A).

     (d) The Executive shall be entitled to four (4) weeks of paid vacation during each
calendar year of the Term in accordance with the Company’s standard vacation policy and practices.
The Executive shall take vacations only at such times as are consistent with reasonable business
needs of the Company.

     (e) The Company shall reimburse the Executive for all reasonable, ordinary and necessary
expenses incurred by the Executive in the performance of the Executive’s duties hereunder,
provided that the Executive accounts to the Company for such expenses in a manner
reasonably prescribed by the Company.

     (f) The Executive shall be entitled to such benefits and perquisites as are generally made
available to senior executive officers of the Company, provided that the Executive shall
not be eligible to participate in the Company’s Incentive Compensation Plan.

2

 

     3. Early Termination of the Term. The Term shall terminate prior to its scheduled
expiration date upon the occurrence of any of the following events.

     (a) The Term and the Executive’s employment hereunder shall terminate upon written notice
to the Executive by the Company specifying Disability as the basis for such termination. In respect
of such termination, the Company shall pay to the Executive (i) within thirty (30) days after such
termination, the Executive’s earned but unpaid Base Salary, earned but unused vacation (determined
in accordance with the Company’s standard vacation policy and practices) and reimbursement for
expenses incurred (in accordance with Section 2(e) hereof), all as of the date of such termination
(the “Accrued Obligations”), and (ii) as soon as practicable and in any event no later than the
earlier of (x) the EBIT Determination Date for the fiscal year in which such termination takes
place and (y) two and one half (2 1/2) months following the end of the fiscal year in which such
termination takes place, an amount equal to the Incentive Bonus for such fiscal year (calculated in
accordance with the first sentence of Section 2(b)) multiplied by a fraction, the numerator of
which is the number of days in the period commencing on (1) with respect to a termination in the
2006 fiscal year, the Effective Date or (2) with respect to a termination in any subsequent fiscal
year, January 1 of such fiscal year, and ending on the date of such termination (inclusive) and the
denominator of which is 365 (the “Termination Bonus Amount”). The Executive shall not be entitled
to any further compensation or payments under this Agreement. “Disability” shall mean a
physical or mental impairment of the Executive that (A) qualifies the Executive for (x) disability
benefits under any long-term disability plan maintained by the Company or (y) Social Security
disability benefits or (B) has prevented or, at the date of determination, will reasonably be
likely to prevent, the Executive from performing the essential functions of his position for a
period of six (6) consecutive months. The existence of a Disability shall be determined by the
Board in its absolute discretion. The Executive agrees to submit to medical examinations by a
licensed medical doctor selected by the Board to determine whether a Disability exists, as the
Board may request from time to time.

     (b) The Company may terminate the Term and the Executive’s employment hereunder for Cause.
Termination for Cause shall be effective upon written notice to the Executive by the Company
specifying that such termination is for Cause. In respect of such termination, the Company shall
pay to the Executive, within thirty (30) days after such termination, the Accrued Obligations. The
Executive shall not be entitled to any further compensation or payments under this Agreement.
“Cause” shall mean: (i) any material violation by the Executive of this Agreement; (ii) any
failure by the Executive substantially to perform his duties hereunder; (iii) any act or omission
involving dishonesty, fraud, willful misconduct or gross negligence on the part of the Executive
that is or may be materially injurious to the Company; and (iv) any felony or other crime involving
moral turpitude committed by the Executive. If the basis for terminating the Executive’s employment
for Cause is the result of a violation or failure described in clause (i) or (ii) of the foregoing
definition of “Cause” and the majority of the Board (excluding the Executive, if he is a member of
the Board) reasonably determines that such violation or failure is capable of being remedied, the
Board shall give the Executive thirty (30) days’ prior written notice of the Company’s intent to
terminate the Executive’s employment for Cause, which notice shall set forth the violation or
failure forming the basis for the determination to terminate the Executive’s employment for Cause.
The Executive shall have the right to remedy such violation or failure within a reasonable period
of time (as determined by the Board), provided that the Executive begins to take
appropriate steps

3

 

to remedy such violation or failure within ten (10) days of the date of such written notice and
diligently prosecutes such efforts thereafter. The Term and the Executive’s employment hereunder
may not be terminated for Cause unless a majority of the Board (excluding the Executive, if he is a
member of the Board) finds in good faith that termination for Cause is justified and, if the basis
for terminating the Executive’s employment for Cause arises as a result of a violation or failure
described in clause (i) or (ii) of the definition of “Cause”, that the violation or failure has not
been remedied within the period of time designated by the Board or that there is no reasonable
prospect that the Executive will remedy the violation or failure forming the basis for terminating
his employment for Cause.

     (c) The Term and the Executive’s employment hereunder shall terminate upon the death of
the Executive. In respect of such termination, the Company shall pay to the Executive’s estate or
any beneficiary previously designated by the Executive in writing (a “Designated
Beneficiary”) (i) within thirty (30) days after such termination, the Accrued Obligations, and
(ii) as soon as practicable and in any event no later than the earlier of (x) the EBIT
Determination Date for the fiscal year in which such termination takes place and (y) two and one
half (2 1/2) months following the end of the fiscal year in which such termination takes place, an
amount equal to the Termination Bonus Amount for such fiscal year. The Executive, his estate and
his Designated Beneficiary shall not be entitled to any further compensation or payments under this
Agreement.

     (d) The Company may terminate the Term and the Executive’s employment hereunder at any
time without Cause. Such termination without Cause shall be effective upon written notice to the
Executive from the Company of such termination. In respect of such termination, the Company shall
pay to the Executive (i) within thirty (30) days after such termination, the Accrued Obligations,
and (ii) as soon as practicable and in any event no later than the earlier of (x) the EBIT
Determination Date for the fiscal year in which such termination takes place and (y) two and one
half (2 1/2) months following the end of the fiscal year in which such termination takes place, an
amount equal to the Termination Bonus Amount for such fiscal year. In addition, in consideration
for the Executive’s execution of a general release of claims in form and substance satisfactory to
the Company, the Company shall continue to pay to the Executive (or to the Executive’s estate or
Designated Beneficiary, if the Executive should die during such two-year period) the Executive’s
Base Salary (at the level in effect immediately preceding such termination) for the two (2) year
period commencing on the six (6) month anniversary of the date of such termination of employment,
in accordance with the Company’s normal payroll practices. The Executive (or his estate or
Designated Beneficiary) shall not be entitled to any further compensation or payments under this
Agreement. No salary continuation payments made pursuant to this Section 3(d) will constitute
compensation for any purpose under any retirement plan or other employee benefit plan, program,
arrangement or agreement of the Company, and no period during which such payments are made to the
Executive pursuant to this Section 3(d) shall constitute a period of employment with the Company
for any such purposes.

     (e) During the one-year period following a Change in Control of the Company, the Company
may terminate the Term and the Executive’s employment hereunder without Cause or the Executive may
voluntarily terminate the Term and his employment hereunder for Good Reason. Such termination shall
be effective upon written notice to the Executive from the Company or from the Executive to the
Company, as applicable, of such termination. In respect

4

 

of such termination, in lieu of all other amounts or benefits to which the Executive would
otherwise be entitled pursuant to any other provisions of Section 3 of this Agreement, the Company
shall pay to the Executive, (i) within thirty (30) days after such termination, the Accrued
Obligations, and (ii) as soon as practicable following the six (6) month anniversary of such
termination, (x) an amount equal to the Incentive Bonus with respect to the fiscal year immediately
preceding the fiscal year in which such termination takes place (calculated in accordance with the
first sentence of Section 2(b)) multiplied by a fraction, the numerator of which is the number of
days in the period commencing on (1) with respect to a termination in the 2006 fiscal year, the
Effective Date or (2) with respect to a termination in any subsequent fiscal year, January 1 of
such fiscal year, and ending on the date of such termination (inclusive) and the denominator of
which is 365 and (y) an amount equal to two times the Executive’s Base Salary (at the rate in
effect as of the date of such termination).

     (f) For purposes of Section 3(e) hereof:

     (1) “Change in Control” shall mean (i) the occurrence of a change in control of
the Company of a nature that would be required to be reported or is reported in response to Item
5.01 of the current report on Form 8-K, as in effect on the Effective Date, pursuant to Sections 13
or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”); or (ii)
any “Person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or
becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or
indirectly, of securities of the Company representing 30% or more of the combined voting power of
the Company’s outstanding securities (other than any Person who was a “beneficial owner” of
securities of the Company representing 30% or more of the combined voting power of the Company’s
outstanding securities prior to the Effective Date); or (iii) individuals who constitute the Board
on the Effective Date (the “Incumbent Board”) cease for any reason to constitute at least a
majority of the members of the Board, provided that any person becoming a director
subsequent to the Effective Date whose appointment to fill a vacancy or to fill a new Board
position was approved by a vote of at least three-quarters of the directors comprising the
Incumbent Board, or whose nomination for election by the Company’s shareholders was approved by the
same nominating committee serving under an Incumbent Board, shall be, for purposes of this clause
(iii), considered as though he were a member of the Incumbent Board; or (iv) the occurrence of any
of the following of which the Incumbent Board does not approve (A) merger or consolidation in which
the Company is not the surviving corporation or (B) sale of all or substantially all of the assets
of the Company; or (v) stockholder approval pursuant to a proxy statement soliciting proxies from
stockholders of the Company, by someone other than the then current management of the Company, of a
plan of reorganization, merger or consolidation of the Company with one or more corporations as a
result of which the outstanding shares of the class of securities then subject to the plan of
reorganization are exchanged or converted into cash or property or securities not issued by the
Company.

5

 

     (2) “Good Reason” shall mean, without the Executive’s express written consent,
the occurrence of any one or more of the following: (i) the assignment of the Executive to duties
materially inconsistent with the Executive’s authorities, duties, responsibilities and status
(including offices, titles, and reporting requirements) as an officer of the Company, or a
reduction or alteration in the nature or status of the Executive’s authorities, duties, or
responsibilities from those in effect immediately prior to the Change in Control, including a
failure to reelect the Executive to, or a removal of him from, any office of the Company that the
Executive held immediately prior to the Change in Control; or (ii) the Company’s requiring the
Executive to be based at a location more than 50 miles from Irving, Texas, except for required
travel on the Company’s business to an extent substantially consistent with the Executive’s
business obligations immediately prior to the Change in Control; or (iii) the Company materially
breaches this Agreement or any other written agreement with the Executive; or (iv) a material
reduction in the Executive’s level of participation in any of the Company’s welfare benefit,
retirement or other employee benefit plans, policies, practices, or arrangements in which the
Executive participates as of the date of the Change in Control.

     4. Restrictive Covenants.

     (a) The Executive agrees that all information pertaining to the prior, current or
contemplated business of the Company and its corporate affiliates, and their officers, directors,
employees, agents, shareholders and customers (excluding (i) publicly available information (in
substantially the form in which it is publicly available) unless such information is publicly
available by reason of unauthorized disclosure by the Executive or by any person or entity of whose
intention to make such unauthorized disclosure the Executive is aware and (ii) information of a
general nature not pertaining exclusively to the Company that generally would be acquired in
similar employment with another company) constitutes a valuable and confidential asset of the
Company. Such information includes, without limitation, information related to trade secrets,
customer lists, production techniques, and financial information of the Company. The Executive
agrees that he shall, during the Term and continuing thereafter, (A) hold all such information in
trust and confidence for the Company and its corporate affiliates, and (B) not use or disclose any
such information to any person, firm, corporation or other entity other than under court order or
other legal or regulatory requirement.

     (b) Upon expiration of the Term and continuing for a period ending two (2) years after the
Executive’s employment by the Company terminates for any reason whatsoever, the Executive agrees
that the Executive will not, directly or indirectly, own, manage, operate, control, be employed by
(whether as an employee, consultant, independent contractor or otherwise, and whether or not for
compensation) or render services to any person, firm, corporation or other entity, in whatever
form, engaged in the business of (i) the supply or distribution of proppants used in the hydraulic
fracturing of natural gas and oil wells (“Proppants”); (ii) the production of Proppants or
(iii) the provision of fracture or reservoir diagnostic services, other than BJ Services Company,
Dowell Schlumberger Limited and Halliburton Company (but only to the extent that the Executive does
not engage in activities for

6

 

these entities related to the exploration, research, development, production or procurement of
production of Proppants or the provision of fracture or reservoir diagnostic services).

          (c) During the Term and continuing for a period ending twelve (12) months after the Executive’s
employment by the Company terminates for any reason whatsoever, the Executive agrees that the
Executive will not, directly or indirectly, individually or on behalf of other persons, solicit,
aid or induce (i) then remaining employees of the Company or its corporate affiliates to leave
their employment with the Company or its corporate affiliates in order to accept employment with or
render services to or with another person, firm, corporation or other entity, or assist or aid any
other person, firm, corporation or other entity in identifying or hiring such employees or (ii) any
customer of the Company or its corporate affiliates who was a customer of the Company or its
corporate affiliates at any time during which the Executive was actively employed by the Company to
purchase products or services then sold by the Company or its corporate affiliates from another
person, firm, corporation or other entity, or assist or aid any other person or entity in
identifying or soliciting any such customer.

          (d) Prior to agreeing to, or commencing to, act as an employee, officer, director, trustee,
principal, agent or other representative of any type of business other than as an employee of the
Company during the period in which the non-competition agreement, as described in Section 4(b),
applies, the Executive shall (i) disclose such agreement in writing to the Company and (ii)
disclose to the other entity with which he proposes to act in such capacity, or to the other
principal together with whom he proposes to act as a principal, the existence of this Agreement,
including, in particular, the non-disclosure agreement contained in Section 4(a), the
non-competition agreement contained in Section 4(b), and the non-solicitation agreement contained in
Section 4(c).

          (e) With respect to the restrictive covenants set forth in Sections 4(a), 4(b) and 4(c), the
Executive acknowledges and agrees as follows.

     (i) The specified duration of a restrictive covenant shall be extended by and for the term
of any period during which the Executive is in violation of such covenant.

     (ii) The restrictive covenants are in addition to any rights the Company may have in law or
at equity.

     (iii) It is impossible to measure in money the damages which will accrue to the Company in the
event that the Executive breaches any of the restrictive covenants. Therefore, if the Executive
breaches any restrictive covenant, the Company and its corporate affiliates shall be entitled to an
injunction restraining the Executive from violating such restrictive covenants. If the Company or
any of its corporate affiliates shall institute any action or proceeding to enforce a restrictive
covenant, the Executive hereby waives the claim or defense that the Company or any of its corporate
affiliates has an adequate remedy at law and the Executive agrees not to assert in any such action
or proceeding the claim or defense that the Company or any of its corporate affiliates has an
adequate remedy at law. The foregoing shall not prejudice the

7

 

Company’s or its corporate affiliates’ right to require the Executive to account for and pay over
to the Company or its corporate affiliates, and the Executive hereby agrees to account for and pay
over, the compensation, profits, monies, accruals or other benefits derived or received by the
Executive as a result of any transaction constituting a breach of the restrictive covenants.

          (f) The restrictions in this Section 4 shall be in addition to any restrictions imposed on the
Executive by statute or at common law.

          5.
Arbitration of Disputes.

          (a) Any disagreement, dispute, controversy or claim arising out of or relating to this
Agreement or the interpretation or validity hereof shall be settled exclusively and finally by
arbitration. It is specifically understood and agreed that any disagreement, dispute or
controversy which cannot be resolved between the parties, including without limitation any matter
relating to interpretation of this Agreement, may be submitted to arbitration irrespective of the
magnitude thereof, the amount in controversy or whether such disagreement, dispute or controversy
would otherwise be considered justiciable or ripe for resolution by a court or arbitral tribunal.
Notwithstanding this Section 5, the Company shall be entitled to institute a court action or
proceeding for injunctive relief as provided in Section 4 of this Agreement.

          (b) The arbitration shall be conducted in accordance with the Commercial Arbitration Rules (the
“Arbitration Rules”) of the American Arbitration Association (“AAA”).

          (c) The arbitral tribunal shall consist of one arbitrator. The parties to the arbitration
jointly shall directly appoint such arbitrator within thirty (30) days of initiation of the
arbitration. If the parties shall fail to appoint such arbitrator as provided above, such
arbitrator shall be appointed by the AAA as provided in the Arbitration Rules and shall be a person
who (i) maintains his principal place of business within thirty (30) miles of the City of Irving,
Texas and (ii) has substantial experience in executive compensation. The parties shall each pay an
equal portion of the fees, if any, and expenses of such arbitrator.

          (d) The arbitration shall be conducted within thirty (30) miles of the City of Irving, Texas or
in such other city in the United States of America as the parties to the dispute may designate by
mutual written consent.

          (e) At any oral hearing of evidence in connection with the arbitration, each party thereto or
its legal counsel shall have the right to examine its witnesses and to cross-examine the witnesses
of any opposing party. No evidence of any witness shall be presented unless the opposing party or
parties shall have the opportunity to cross-examine such witness, except as the parties to the
dispute otherwise agree in writing or except under extraordinary circumstances where the interests
of justice require a different procedure.

          (f) Any decision or award of the arbitral tribunal shall be final and binding upon the parties
to the arbitration proceeding. The parties hereto hereby waive to the extent permitted by law any
rights to appeal or to seek review of such award by any court or tribunal.

8

 

          (g) Nothing herein contained shall be deemed to give the arbitral tribunal any authority, power,
or right to alter, change, amend, modify, add to or subtract from any of the provisions of this
Agreement.

          (h) Notwithstanding anything to the contrary in this Agreement, the arbitration provisions set
forth in this Section 5 shall be governed exclusively by the Federal Arbitration Act, Title 9,
United States Code.

          6. Miscellaneous.

          (a) Each provision hereof is severable from this Agreement, and if one or more provisions
hereof are declared invalid the remaining provisions shall nevertheless remain in full force and
effect. If any provision of this Agreement is so broad, in scope or duration or otherwise, as to be
unenforceable, such provision shall be interpreted to be only so broad as is enforceable.

          (b) Any notice to be given hereunder shall be given in writing. Notice shall be deemed to be
given when delivered by hand to the party to whom notice is being given, or ten (10) days after
being mailed, postage prepaid, registered with return receipt requested, or sent by facsimile
transmission with a confirmation by registered or certified mail, postage prepaid. Notices to the
Executive should be addressed to the Executive as follows:

Gary Kolstad

c/o Carbo Ceramics Inc.

6565 MacArthur Boulevard, Suite 1050

Irving, Texas 75039

Notices to the Company should be sent as follows:

Carbo Ceramics Inc.

6565 MacArthur Boulevard, Suite 1050

Irving, Texas 75039

Attn: Secretary

with copies sent to:

Cleary Gottlieb Steen & Hamilton LLP

One Liberty Plaza

New York, NY 10006

Attn: Stephen H. Shalen, Esq.

          Either party may change the address or person to whom notices should be sent to by notifying the
other party in accordance with this Section 6(b).

          (c) The failure to enforce at any time any of the provisions of this Agreement or to require at
any time performance by the other party of any of the provisions hereof shall in no way be
construed to be a waiver of such provisions or to affect the validity of this Agreement, or

9

 

any part hereof, or the right of either party thereafter to enforce each and every such provision
in accordance with the terms of this Agreement.

          (d) This Agreement contains the entire agreement between the parties with respect to the
employment of the Executive by the Company after the Effective Date and supersedes any and all
prior understandings, agreements or correspondence between the parties regarding such employment.
It may not be amended or extended in any respect except by a writing signed by both parties hereto.

          (e) The parties hereto acknowledge and agree that each party has reviewed and negotiated the
terms and provisions of this Agreement and has contributed to its preparation (with advice of
counsel, if desired). Accordingly, the rule of construction to the effect that ambiguities are
resolved against the drafting party shall not be employed in the interpretation of this Agreement.
Rather, the terms of this Agreement shall be construed fairly as to both parties hereto and not in
favor of or against either party, regardless of which party generally was responsible for the
preparation of this Agreement.

          (f) This Agreement shall be governed by, and interpreted in accordance with, the laws of Texas,
without reference to its principles of conflict of laws.

          (g) This Agreement shall not be assignable by either party hereto without the written consent
of the other, provided, however, that the Company may, without the written consent of the
Executive, assign this Agreement to (i) any entity with which the Company is merged or consolidated
or to which the Company transfers substantially all of its assets or (ii) any entity controlling,
under common control with or controlled by the Company.

          (h) This Agreement may be executed in several counterparts, each of which shall be deemed an
original, but all of which shall constitute one and the same instrument.

          (i) The headings in this Agreement are inserted for convenience of reference only and shall not
be a part of or control or affect the meaning of any provision hereof.

10

 

          IN WITNESS WHEREOF, the Company has caused this Agreement to be signed by its duly
authorized representative and the Executive has hereunto set his hand as of the day and year first
above written.

	 	 	 	 	 	 	 
	 	 	CARBO CERAMICS INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By :
	 	/s/ William C. Morris	 	 
	 

	 	 	 	 

William C. Morris, Chairman
	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ Gary Kolstad	 	 
	 	 	 	 	 
	 	 	Gary Kolstad	 	 

11

 

APPENDIX A TO EMPLOYMENT AGREEMENT

RESTRICTED STOCK AWARD AGREEMENT

     THIS AWARD AGREEMENT (the “Agreement”), made as of this 10th day of May 2006, between CARBO
Ceramics Inc. (the “Company”), a Delaware corporation, with its principal offices at 6565 MacArthur
Boulevard, Suite 1050, Irving, Texas 75039, and Gary Kolstad (the “Participant”), who resides at
                  .

     WHEREAS, the Company has adopted and maintains and the shareholders of the Company have
approved the 2004 CARBO Ceramics Inc. Long-Term Incentive Plan, as amended (the “Plan”) to attract
and retain highly qualified employees and non-employee directors of the Company and reward them for
making significant contributions to the success of the Company and to strengthen the alignment of
interests between such persons and the Company’s stockholders by providing them with a proprietary
interest in the Company;

     WHEREAS, the Plan provides for the award to Participants in the Plan of restricted shares of
Common Stock in the Company;

     NOW THEREFORE, in consideration of the premises and the mutual covenants hereinafter set
forth, the parties hereto hereby agree as follows:

     1. Award of Restricted Stock. Pursuant to, and subject to, the terms and conditions set
forth herein and in the Plan, the Company hereby awards to the Participant 20,000 shares of Common
Stock of the Company (the “Restricted Stock”), which may not be transferred, pledged, assigned or
otherwise encumbered until vested (the “Transfer Restrictions”).

     2. Grant Date. The Grant Date of the Restricted Stock hereby awarded is June 1, 2006.

     3. Vesting Dates. The Restricted Stock shall vest only in accordance with the provisions of
this Agreement and of the Plan. Subject to the provisions of the Plan, shares of the Restricted
Stock shall become vested on each of the following Vesting Dates as follows:

          (a) 6,667 shares of Restricted Stock shall vest on the later of (i) the first anniversary of
the Grant Date and (ii) the first “open window” trading date of the Company following the first
anniversary of the Grant Date;

          (b) 6,666 shares of Restricted Stock shall vest on the later of (i) the second anniversary of
the Grant Date and (ii) the first “open window” trading date of the Company following the second
anniversary of the Grant Date; and

          (c) 6,666 shares of Restricted Stock shall vest on the later of (i) the third anniversary of
the Grant Date and (ii) the first “open window” trading date of the Company following the third
anniversary of the Grant Date.

 

 

     4. Forfeiture.

          (a) Subject to the provisions of the Plan, in the event that the Participant’s employment with
the Company or any of its Affiliates is terminated prior to the Vesting Date with respect to any of
the Participant’s shares of Restricted Stock (i) for any reason other than due to death, Disability
or Retirement, all such shares of Restricted Stock shall be forfeited on the date of such
termination without payment of any consideration therefor; and (ii) due to death, Disability or
Retirement, all such shares of Restricted Stock shall cease to be subject to the Transfer
Restrictions and cease to be forfeitable as of the date of such termination.

          (b) Additionally, in the event that the Participant attempts to transfer, pledge, assign or
otherwise encumber shares of Restricted Stock prior to the applicable Vesting Dates in violation of
the Transfer Restrictions, such transfer, pledge, assignment or encumbrance shall be null and void
and the Participant’s shares of Restricted Stock shall be forfeited without payment of any
consideration therefor.

          (c) Notwithstanding the foregoing, shares subject to the Award granted pursuant to this
Agreement shall continue to be subject to the Transfer Restrictions following the Vesting Date with
respect to such shares until the end of the period commencing on the Vesting Date with respect to
such shares and ending on the earlier of (i) a termination of the Participant’s employment for any
reason or (ii) the second anniversary of such Vesting Date (the “Holding Period”) except for any
such Shares used to satisfy any withholding obligations as set forth herein and in the Plan. If
the Participant fails to comply with such Transfer Restrictions during the Holding Period, any
Awards held by the Participant which are then subject to forfeiture shall be forfeited and the
Committee may, in its discretion, take such action as it deems appropriate, including, without
limitation, determine not to make any additional grants of Awards to the Participant under the
Plan.

          (d) Notwithstanding the foregoing, all shares subject to an Award shall immediately cease to
be subject to the Transfer Restrictions and cease to be forfeitable upon a Change in Control.

     5. Share Certificates. Subject to the provisions of the Plan, the shares representing the
Restricted Stock will be held in the Participant’s name in book-entry format by the Company’s
transfer agent, Mellon Investor Services, LLC. Upon vesting of the shares of Restricted Stock each
year, the Participant has the right to choose to have a certificate issued in the Participant’s
name, to have the shares transferred to a brokerage account of the Participant’s choice or to
continue to hold the shares in book-entry format with the transfer agent.

     6. Dividends. In the event that the Company declares any ordinary cash dividends or
distributions on its Common Stock to its stockholders generally, whether stock or cash dividend or
otherwise, the Participant shall be entitled to receive such cash dividends or distributions with
respect to his Restricted Stock at the same time as stockholders generally. In the event that the
Company declares any ordinary stock dividend, the Participant shall be entitled to such stock
dividends or distribution with respect to his Restricted Stock, provided that such dividends or

2

 

distributions shall be subject to the provisions of Sections 6(b), (c), (d) and (e) of the Plan in
the same manner as the corresponding Restricted Stock to which such dividends or distributions
relate and shall be held by the Company or subject to a legend as determined by the Committee to
effectuate the purposes of the Plan.

     7. Voting. Prior to the date that the Participant’s shares subject to an Award cease to be
forfeitable by the Participant pursuant hereto, the Participant shall not have any voting rights
with respect to such shares.

     8. Non-Assignability. Except as expressly provided in the Plan or herein, Awards shall not
be assigned, transferred, pledged or encumbered, and any purported assignment, transfer, pledge or
encumbrance shall be null and void; provided, that Awards may be transferred by will or by the laws
of descent and distribution subject to the Committee’s receipt of such documents as may be
requested by the Committee from time.

     9. Modification and Waiver. Except as provided in the Plan with respect to determinations of
the Committee and subject to the Company’s Board of Directors’ right to amend, modify or terminate
the Plan, neither this Agreement nor any provision hereof can be changed, modified, amended,
discharged, terminated or waived orally or by any course of dealing or purported course of dealing,
but only by an agreement in writing signed by the Participant and the Company. No such agreement
shall extend to or affect any provision of this Agreement not expressly changed, modified, amended,
discharged, terminated or waived or impair any right consequent on such a provision. The waiver of
or failure to enforce any breach of this Agreement shall not be deemed to be a waiver or
acquiescence in any other breach thereof.

     10. Applicable Withholdings. The Company shall have the power and the right to deduct or
withhold, or require the Participant to remit to the Company, the minimum statutory amount to
satisfy federal, state, and local taxes or similar charges, domestic or foreign, required by law or
regulation to be withheld with respect to any taxable event arising as a result of or in connection
with the Plan or any Award. At the request of the Participant, subject to the consent of the
Committee, the Committee shall withhold or permit the Participant to tender a portion of the Shares
subject to each Award to satisfy the applicable federal, state, foreign and local withholding taxes
incurred in connection with the Award.

     11. Governing Law. This Agreement, the Plan and all rights under this Agreement and the Plan
shall be governed by and construed and enforced in accordance with the laws of the State of
Delaware without regard to the provisions governing conflict of laws.

     12. Participant Acknowledgment. The Participant hereby acknowledges receipt of a copy of the
Plan and that all decisions, determinations and interpretations of the Committee or the Company in
respect of this Agreement shall be final, conclusive and binding.

     13. Incorporation of Plan. All terms and provisions of the Plan are incorporated herein and
made part hereof as if stated herein. If any provisions hereof and of the Plan shall be in
conflict, the terms of the Plan shall govern. All capitalized terms used herein and not defined
herein shall have the meanings assigned to them in the Plan.

3

 

     14. Entire Agreement. This Agreement represents the final, complete and total agreement of
the parties hereto respecting the Restricted Stock and the matters discussed herein and this
Agreement supersedes any and all previous agreements and understandings, whether written, oral or
otherwise, relating to the Restricted Stock and such matters.

THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK

4

 

     IN WITNESS WHEREOF, CARBO Ceramics Inc. has caused this Agreement to be duly executed by its
duly authorized officer and said Participant has hereunto signed this Agreement on his own behalf,
THEREBY REPRESENTING THAT HE HAS CAREFULLY READ AND UNDERSTANDS THIS
AGREEMENT AND THE PLAN, as of the
day and year first above written.

	 	 	 	 	 	 	 
	 	 	CARBO CERAMICS INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Ann. J. Bruder	 	 
	 

	 	 	 	 

Corporate Secretary
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Gary Kolstad	 	 
	 

	 	 	 	 	 	 

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00104-of-00352.parquet"}]]