Document:

Form of Amendment No. One to Amended and Restated Agreement

 EXHIBIT 10.26 
 AMENDMENT NO. ONE TO 
 XTO ENERGY INC. 
 AMENDED AND RESTATED AGREEMENT 
 WHEREAS, the Amended and Restated Agreement (the “Agreement”) was executed and effective on the 15th day of October, 2004, by and between XTO ENERGY INC., a Delaware corporation (the “Company”), and
                         (the “Executive”) and 
 WHEREAS, pursuant to Section 4.2 of the Agreement, the Agreement may be amended by mutual written agreement signed by the Company and the Executive
(the “Parties”); and 
 WHEREAS, the Parties desire to amend the Agreement
effective this 21st day of November, 2006 to clarify and avoid doubt regarding the intent of the anti-dilution
provision in the Agreement, to revise the definition of fair market value for determining the cash equivalent upon a change in control, to clarify the term of the Agreement, and to comply with certain provisions of Section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”) and any guidance issued thereunder. This amendment is intended as good faith compliance with the requirements of Section 409A of the Code and is to be construed in accordance with
Section 409A of the Code and the guidance issued thereunder; and 
 WHEREAS, the Board of Directors of the Company and the Compensation
Committee (as defined in the Agreement) recognize that the current business environment makes it difficult to attract and retain highly qualified key employees unless a certain degree of security can be offered to such individuals against
organizational and personnel changes which frequently follow a Change in Control (as defined in the Agreement) of a corporation; and 
 WHEREAS, even rumors of acquisitions or mergers may cause key employees to consider major career changes in an effort to ensure financial security for themselves and their families; and 
 WHEREAS, the Company desires to ensure fair treatment of its key employees in the event of a Change in Control and to allow them to make critical career
decisions without undue time pressure and financial uncertainty; and 
 WHEREAS, the Company recognizes that its key employees will be
involved in evaluating or negotiating any offers, proposals or other transactions which could result in a Change in Control of the Company and believes that it is in the best interest of the Company and its stockholders for such key employees to be
in a position, free from personal, financial and employment considerations, to assess objectively and pursue aggressively the interests of the Company and its stockholders in making these evaluations and carrying on such negotiations. 
 NOW, THEREFORE, for and in consideration of the mutual promises, covenants and obligations contained herein, the Company and the Executive agree as
follows: 
 1. Section 1.5 is amended by deleting said Section in its entirety and substituting in lieu thereof the
following: 
 1.5 Fair Market Value. The closing market price on the date of the Change in Control or on the next
business day, if such date is not a business day, or if no trading occurred on such date, then on the first day preceding such date on which trading occurred, of a share of Common Stock traded on the New York Stock Exchange, or any 

  

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other public securities market selected by the Compensation Committee; provided, however, that, if shares of Common Stock shall not have been traded on the
New York Stock Exchange or other public securities market for more than 10 days immediately preceding such date or if deemed appropriate by the Compensation Committee for any other reason, the Fair Market Value of shares of Common Stock shall be as
determined by the Compensation Committee in such other manner as it may deem appropriate. 
 2. Section 2.2 is amended by
deleting said Section in its entirety and substituting in lieu thereof the following: 
 2.2 Adjustments. In the event
that any dividend or other distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization, stock split, reverse stock split, rights offering, reorganization, merger, consolidation, split-up, spin-off,
split-off, combination, subdivision, repurchase, or exchange of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Common Stock or other securities of the Company, or other similar corporate transaction
or event affects the fair value of the Common Stock such that an adjustment is necessary to prevent the dilution or enlargement of the benefits or potential benefits intended to be made available under this Agreement, then the Compensation Committee
shall adjust the number of shares of Common Stock stated in Section 2.1 above so that the fair value of such Common Stock immediately after the transaction or event is equal to the fair value of such Common Stock immediately prior to the
transaction or event. Such adjustments shall be made in accordance with the rules of any securities exchange, stock market, or stock quotation system to which the Company is subject. Notwithstanding the foregoing, no such adjustment shall be made or
authorized to the extent that such adjustment would cause the Plan or any Award to violate Section 409A of the Code (as defined below). 
 3. Article II is amended by adding a new Section 2.5 at the end of said Article to read as follows: 
 2.5 Compliance with Section 409A of the Code. Notwithstanding any other provision in this Agreement to the contrary, if and to the extent this Agreement provides for nonqualified deferred compensation,
this Agreement is intended to be exempt from or otherwise satisfy the provisions of Section 409A of the Code. Without in any way limiting the effect of the foregoing, in the event that Section 409A of the Code requires that any special
terms, provision or conditions be included in this Agreement, then such terms, provisions and conditions shall, to the extent practicable, be deemed to be made a part of this Agreement, and notwithstanding any provision in Section 4.2 to the
contrary, this Agreement shall be reformed in such manner as the Board determines is appropriate to be exempt from or otherwise comply with Section 409A of the Code. In the event that this Agreement shall be deemed not to comply with
Section 409A of the Code, then neither the Company, the Board, nor its or their designees or agents shall be liable to the Executive for actions, decisions or determinations made in good faith. Further, the Executive has reviewed this Agreement
with, and is relying solely on, his tax advisors as to the tax consequences of this Agreement, including the application of any taxes and penalties described in Section 409A of the Code; based on such review the Executive understands and agrees
that notwithstanding the actions, decisions or determinations made in good faith by the Company, the Board, or their designees or agents, this Agreement may be deemed not to comply with Section 409A of the Code, and the Executive understands
and agrees 

  

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that, in such case, any payment described herein may be subject to the taxes and penalties described in Section 409A of the Code. 
 4. Section 4.1 is amended by deleting said Section in its entirety and substituting in lieu thereof the following: 
 4.1 Duration. This Agreement shall continue in effect until (1) the Executive’s employment is terminated, either by the
Executive or by the Company, except as provided in the last paragraph of Section 1.2, or (2) the Agreement is terminated in accordance with Section 4.2. If a Change in Control occurs, this Agreement shall continue in
full force and effect, and shall not terminate or expire, until after the Executive shall have received all of benefits to which he is entitled hereunder in full. 
 5. Except as amended hereby, the Agreement, as previously amended, shall remain in full effect. 
 IN WITNESS WHEREOF, the Parties have caused this amendment to the Agreement to be executed and delivered as of November 21, 2006. 
  

							
	XTO ENERGY INC.
			
	By:	 		 	  
		 		 	Name:	 	Robert C. Myers
		 		 	Title:	 	Vice President – Human Resources
	
	EXECUTIVE
	
	  

  

 - 3 -Agreement between the Company and Timothy L. Petrus

 EXHIBIT 10.27 
 XTO ENERGY INC. 
 AGREEMENT 
 This Agreement (this “Agreement”) is executed and effective on the 21st day of November, 2006, by and between XTO ENERGY INC., a
Delaware corporation (the “Company”), and TIMOTHY L. PETRUS (the “Executive”). 
 WITNESSETH: 
 WHEREAS, the Board of Directors of the Company and the Compensation Committee (as hereinafter defined) recognize that the current business environment
makes it difficult to attract and retain highly qualified key employees unless a certain degree of security can be offered to such individuals against organizational and personnel changes which frequently follow a Change in Control (as defined
below) of a corporation; and 
 WHEREAS, even rumors of acquisitions or mergers may cause key employees to consider major career changes in
an effort to ensure financial security for themselves and their families; and 
 WHEREAS, the Company desires to ensure fair treatment of its
key employees in the event of a Change in Control and to allow them to make critical career decisions without undue time pressure and financial uncertainty; and 
 WHEREAS, the Company recognizes that its key employees will be involved in evaluating or negotiating any offers, proposals or other transactions which could result in a Change in Control of the Company and believes
that it is in the best interest of the Company and its stockholders for such key employees to be in a position, free from personal, financial and employment considerations, to assess objectively and pursue aggressively the interests of the Company
and its stockholders in making these evaluations and carrying on such negotiations; and 
 NOW, THEREFORE, for and in consideration of the
mutual promises, covenants and obligations contained herein, the Company and the Executive agree as follows: 
 ARTICLE I 

DEFINITIONS 
 As used herein, the
following words and phrases shall have the following respective meanings unless the context clearly indicates otherwise. 
 1.1 Board.
The Board of Directors of the Company. 
  

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 1.2 Change in Control. A “Change in Control” shall mean any one of the following:

 (a) “Continuing Directors” no longer constitute a majority of the Board; the term “Continuing Director”
means any individual who is a member of the Board on the date hereof or was nominated for election as a director by, or whose nomination as a director was approved by, the Board with the affirmative vote of a majority of the Continuing Directors;

 (b) any person or group of persons (as defined in Rule 13d-5 under the Securities Exchange Act of 1934, as amended
(“Exchange Act”)) together with his or its affiliates, becomes the beneficial owner, directly or indirectly, of 25% or more of the voting power of the Company’s then outstanding securities entitled generally to vote for the election
of the Company’s directors; 
 (c) the merger or consolidation to which the Company is a party if the shareholders of the
Company immediately prior to the effective date of such merger or consolidation have beneficial ownership (as defined in Rule 13d-3 under the Exchange Act) of less than 50% of the combined voting power to vote for the election of directors of the
surviving corporation or other entity following the effective date of such merger or consolidation; or 
 (d) the sale of all
or substantially all of the assets of the Company or the liquidation or dissolution of the Company. 
 Notwithstanding anything herein to the
contrary, under no circumstances will a change in the constitution of the board of directors of any Subsidiary, a change in the beneficial ownership of any Subsidiary, the merger or consolidation of a Subsidiary with any other entity, the sale of
all or substantially all of the assets of any Subsidiary or the liquidation or dissolution of any Subsidiary constitute a “Change in Control” under this Plan. 
 For purposes of this Agreement, if the Executive’s employment with the Company is terminated by the Company other than for “Cause” (as defined in the Amended and Restated XTO Energy Inc. Management
Group Employee Severance Protection Plan (“Severance Plan”)) prior to the date on which a Change in Control occurs, and it is reasonably demonstrated that such termination (i) was at the request of a third party who has taken steps
reasonably calculated to effect a Change in Control or (ii) otherwise arose in connection with a Change in Control, then for all purposes hereof, such termination shall be deemed to have occurred immediately following a Change in Control.

 1.3 Common Stock. The common stock, par value $0.01 per share, which the Company is currently authorized to issue or may in the
future be authorized to issue, or any securities into which or for which the common stock of the Company may be converted or exchanged, as the case may be. 
  

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 1.4 Compensation Committee. The Compensation Committee of the Board of Directors of the Company.

 1.5 Fair Market Value. The closing market price on the date of the Change in Control or on the next business day, if such date is
not a business day, or if no trading occurred on such date, then on the first day preceding such date on which trading occurred, of a share of Common Stock traded on the New York Stock Exchange, or any other public securities market selected by the
Compensation Committee; provided, however, that, if shares of Common Stock shall not have been traded on the New York Stock Exchange or other public securities market for more than 10 days immediately preceding such date or if deemed appropriate by
the Compensation Committee for any other reason, the Fair Market Value of shares of Common Stock shall be as determined by the Compensation Committee in such other manner as it may deem appropriate. 
 ARTICLE II 
 PAYMENT UPON CHANGE IN
CONTROL 
 2.1 Cash Payment. The Company shall pay to the Executive, in one lump-sum cash payment within five (5) days after
the date of the Change in Control, an amount equal to the Fair Market Value of 125,000 shares of Common Stock as of the date of the Change in Control. 
 2.2 Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization, stock split, reverse stock split, rights
offering, reorganization, merger, consolidation, split-up, spin-off, split-off, combination, subdivision, repurchase, or exchange of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Common Stock or
other securities of the Company, or other similar corporate transaction or event affects the fair value of the Common Stock such that an adjustment is necessary to prevent the dilution or enlargement of the benefits or potential benefits intended to
be made available under this Agreement, then the Compensation Committee shall adjust the number of shares of Common Stock stated in Section 2.1 above so that the fair value of such Common Stock immediately after the transaction or event is
equal to the fair value of such Common Stock immediately prior to the transaction or event. Such adjustments shall be made in accordance with the rules of any securities exchange, stock market, or stock quotation system to which the Company is
subject. Notwithstanding the foregoing, no such adjustment shall be made or authorized to the extent that such adjustment would cause the Plan or any Award to violate Section 409A of the Code (as defined below). 
 2.3 No Set-off of Amounts Payable Hereunder. The Company’s obligations hereunder also shall not be affected by any set-off, counterclaim,
recoupment, defense or other claim, right or action which the Company may have against the Executive. 
 2.4 Gross-Up Payment. In the
event it shall be determined that any payment or distribution of any type by the Company to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (the

  

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“Total Payments”), would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the
“Code”) or any interest or penalties with respect to such excise tax (such excise tax, together with any such interest and penalties, are collectively referred to as the “Excise Tax”), then the Executive shall be entitled to
receive an additional payment (a “Gross-Up Payment”) in an amount such that at the time of payment by the Executive of all taxes (including additional excise taxes under said Section 4999 and any interest, and penalties imposed with
respect to any taxes) imposed upon the Gross-Up Payment, the Executive shall have an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Total Payments. The calculation of the Gross-Up Payment will be made in the same manner and
in conjunction with any similar calculation of a gross-up payment under the terms of the Severance Plan or any employment agreement, if applicable. The Company shall pay the Gross-Up Payment to the Executive on the same date as the gross-up payment
is paid under the Severance Plan or any employment agreement, if applicable, or, if no payment is to be made under the Severance Plan or an employment agreement, within twenty (20) business days after the payment is made hereunder. 

2.5 Compliance with Section 409A of the Code. Notwithstanding any other provision in this Agreement to the contrary, if and to the extent
this Agreement provides for nonqualified deferred compensation, this Agreement is intended to be exempt from or otherwise satisfy the provisions of Section 409A of the Code. Without in any way limiting the effect of the foregoing, in the event
that Section 409A of the Code requires that any special terms, provision or conditions be included in this Agreement, then such terms, provisions and conditions shall, to the extent practicable, be deemed to be made a part of this Agreement,
and notwithstanding any provision in Section 4.2 to the contrary, this Agreement shall be reformed in such manner as the Board determines is appropriate to be exempt from or otherwise comply with Section 409A of the Code. In the event that
this Agreement shall be deemed not to comply with Section 409A of the Code, then neither the Company, the Board, nor its or their designees or agents shall be liable to the Executive for actions, decisions or determinations made in good faith.
Further, the Executive has reviewed this Agreement with, and is relying solely on, his tax advisors as to the tax consequences of this Agreement, including the application of any taxes and penalties described in Section 409A of the Code; based
on such review the Executive understands and agrees that notwithstanding the actions, decisions or determinations made in good faith by the Company, the Board, or their designees or agents, this Agreement may be deemed not to comply with
Section 409A of the Code, and the Executive understands and agrees that, in such case, any payment described herein may be subject to the taxes and penalties described in Section 409A of the Code. 
  

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 ARTICLE III 
 SUCCESSORS TO COMPANY 
 This Agreement shall bind any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company, in the same manner and to the same extent that the Company would be obligated under this Agreement if no succession had taken
place. In the case of any transaction in which a successor would not, by the foregoing provision or by operation of law, be bound by this Agreement, the Company shall require such successor expressly and unconditionally to assume and agree to
perform the Company’s obligations under this Agreement, in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. Failure of the Company to obtain such agreement prior to the
effectiveness of any such succession shall be a breach hereof and shall entitle the Executive to compensation from the Company in the same amount and on the same terms as the Executive would be entitled hereunder. As used herein, “the
Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which executes and delivers the agreement provided for in this Article III or which otherwise becomes bound by all the
terms and provisions hereof by operation of law. 
 ARTICLE IV 
 DURATION AND AMENDMENT 
 4.1 Duration. This Agreement shall continue in
effect until (1) the Executive’s employment is terminated, either by the Executive or by the Company, except as provided in the last paragraph of Section 1.2, or (2) the Agreement is terminated in accordance with
Section 4.2. If a Change in Control occurs, this Agreement shall continue in full force and effect, and shall not terminate or expire, until after the Executive shall have received all of benefits to which he is entitled hereunder in
full. 
 4.2 Amendment or Termination. This Agreement may not be amended or terminated except by a mutual written agreement signed by
all parties. 
 ARTICLE V 
 MISCELLANEOUS 
 5.1 Notices. All notices, requests, demands and other communications required or permitted to be
given under this Agreement shall be in writing and shall be deemed to have been duly given on the date of service if served personally on the party to whom notice is to be given and acknowledged by written receipt, or on the seventh day after
mailing if mailed (return receipt requested), postage prepaid and properly addressed as follows: 
  

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	 Company:
	 	XTO Energy Inc.
		 	810 Houston Street
		 	Fort Worth, Texas 76102
		 	Attention: Board of Directors
		
	 Executive:
	 	Timothy L. Petrus
		 	3736 Country Club Circle
		 	Fort Worth, Texas 76109

 Any party may change its address for purposes of this Section 5.1 by giving the other party written
notice of the new address in the manner set forth above. 
 5.2 Assignment; Binding Effect. Neither this Agreement nor any of the
rights or obligations hereunder may be assigned by any party without the prior written consent of the other party. This Agreement is binding upon and inures to the benefit of Executive and Company and their respective heirs, personal representatives
and permitted successors and assigns. 
 5.3 Governing Law. This Agreement shall be governed by, and construed and enforced in
accordance with, the laws of the State of Texas. 
 5.4 Waiver. Any waiver by any party of a breach of any provision of this Agreement
shall not operate or be construed as a waiver of any subsequent breach thereof or of any other provision of this Agreement. 
 5.5 Entire
Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes any and all prior and contemporaneous promises, agreements and representations not set forth in this
Agreement. 
 5.6 Severability. Should any one or more of the provisions hereof be determined to be illegal or unenforceable, all
other provisions hereof shall be given effect separately therefrom and shall not be affected thereby. 
 5.7 Counterparts. This
Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together will constitute one and the same agreement. 
 5.8 Dispute Resolution. Any dispute, controversy or claim arising out of or in relation to or connection to this Agreement, including without
limitation any dispute as to the construction, validity, interpretation, enforceability or breach of this Agreement, shall be exclusively and finally settled by arbitration, and any party may submit such dispute, controversy or claim to arbitration.

  

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 (a) Arbitrator. The arbitration shall be heard and determined by one arbitrator,
who shall be impartial and who shall be selected by mutual agreement of the parties. If the parties cannot agree on the arbitrator, then the appointing authority for the implementation of such procedure shall be the Chief Executive Officer of the
American Arbitration Association, who shall appoint an independent arbitrator who does not have any financial interest in the dispute, controversy or claim. 
 (b) Proceedings. Unless otherwise expressly agreed in writing by the parties to the arbitration proceedings: 
 (i) The arbitration proceedings shall be held in Fort Worth, Texas, at a site chosen by mutual agreement of the parties, or if the parties
cannot reach agreement on a location within thirty (30) days of the appointment of the arbitrator, then at a site chosen by the arbitrator; 
 (ii) The arbitrator shall be and remain at all times wholly independent and impartial; 
 (iii) The arbitration proceedings shall be conducted in accordance with the Commercial Arbitration Rules of the American Arbitration Association, as amended from time to time; 
 (iv) Any procedural issues not determined under the arbitral rules selected pursuant to item (iii) above shall be determined by the
law of the place of arbitration, other than those laws which would refer the matter to another jurisdiction; 
 (v) The costs
of the arbitration proceedings (including attorneys’ fees and costs) shall be borne in the manner determined by the arbitrator; 
 (vi) The decision of the arbitrator shall be reduced to writing; final and binding without the right of appeal; the sole and exclusive remedy regarding any claims, counterclaims, issues or accounting presented to the arbitrator; made and
promptly paid in United States dollars free of any deduction or offset; and any costs or fees incident to enforcing the award shall, to the maximum extent permitted by law, be charged against the party resisting such enforcement; 
 (vii) The award shall include interest from the date of any breach or violation of this Agreement, as determined by the arbitral award,
and from the date of the award until paid in full, at 12% per annum; and 
 (viii) Judgment upon the award may be entered
in any court having jurisdiction over the person or the assets of the party owing the judgment or application may be made to such court for a judicial acceptance of the award and an order of enforcement, as the case may be. 
  

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 (c) Acknowledgment Of Parties. Each party acknowledges that he or she or it has
voluntarily and knowingly entered into an agreement to arbitration under this Section by executing this Agreement. 
 5.9 Employment
Status. This Agreement does not constitute a contract of employment or impose on the Company any obligation to retain the Executive as an employee. 
 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed and delivered as of the day and year above written. 
  

			
	XTO ENERGY INC.
		
	 By:
	 	 /s/ Robert C. Myers

	 Name:
	 	Robert C. Myers
	 Title:
	 	Vice President – Human Resources
	
	EXECUTIVE
	
	 /s/ Timothy L. Petrus

	Timothy L. Petrus

  

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