BACKSTOP COMMITMENT AGREEMENT AMONG PENN VIRGINIA CORPORATION AND THE COMMITMENT PARTIES PARTY HERETO Dated as of May 10, 2016Backstop Commitment Agreement • May 13th, 2016 • Penn Virginia Corp • Crude petroleum & natural gas • New York
THIS BACKSTOP COMMITMENT AGREEMENT (this “Agreement”), dated as of May 10, 2016, is made by and among Penn Virginia Corporation, a Virginia corporation and the ultimate parent of each of the other Debtors (as the debtor in possession and a reorganized debtor, as applicable, the “Company”), on behalf of itself and the other Debtors, on the one hand, and the parties set forth on Schedule 1 hereto (each referred to herein, individually, as a “Commitment Party” and, collectively, as the “Commitment Parties”), on the other hand. The Company and each Commitment Party is referred to herein, individually, as a “Party” and, collectively, as the “Parties”. Capitalized terms that are used but not otherwise defined in this Agreement shall have the meanings given to them in Section 1.1 hereof or, if not defined therein, shall have the meaning given to them in the Plan.
EMPLOYMENT AGREEMENTEmployment Agreement • May 13th, 2016 • Penn Virginia Corp • Crude petroleum & natural gas • Virginia
This EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of this 9th day of May, 2016 (the “Effective Date”), by and between Penn Virginia Corporation, a Virginia corporation (the “Company”), and Steven A. Hartman, an individual (the “Executive”).
EMPLOYMENT AGREEMENTEmployment Agreement • May 13th, 2016 • Penn Virginia Corp • Crude petroleum & natural gas • Virginia
This EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of this 9th day of May, 2016 (the “Effective Date”), by and between Penn Virginia Corporation, a Virginia corporation (the “Company”), and Nancy M. Snyder, an individual (the “Executive”).
PENN VIRGINIA CORPORATION RESTRUCTURING SUPPORT AGREEMENT May 10, 2016Restructuring Support Agreement • May 13th, 2016 • Penn Virginia Corp • Crude petroleum & natural gas • New York
This Restructuring Support Agreement (together with the exhibits and schedules attached hereto, as each may be amended, restated, supplemented, or otherwise modified from time to time in accordance with the terms hereof, this “Agreement”),1 dated as of May 10, 2016, is entered into by and among: (i) Penn Virginia Corporation (“Penn Virginia”); Penn Virginia Holding Corporation; Penn Virginia MC Corporation; Penn Virginia MC Energy L.L.C.; Penn Virginia MC Gathering Company L.L.C.; Penn Virginia MC Operating Company L.L.C.; Penn Virginia Oil & Gas Corporation; Penn Virginia Oil & Gas GP LLC; Penn Virginia Oil & Gas LP LLC; Penn Virginia Oil & Gas, L.P.; Penn Virginia Resource Holdings Corp. (such subsidiaries and Penn Virginia, each a “PVA Entity,” and such subsidiaries together with Penn Virginia, collectively, the “PVA Entities”); (ii) the lenders party to that certain Credit Agreement, dated as of September 28, 2012 (as amended, restated, modified, supplemented, or replaced from time
