0001193125-16-735691 Sample Contracts

INDEMNIFICATION AGREEMENT
Indemnification Agreement • October 11th, 2016 • Penn Virginia Corp • Crude petroleum & natural gas • Virginia

THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is made and entered into as of September , 2016, between PENN VIRGINIA CORPORATION, a Virginia corporation (the “Company”), and (“Indemnitee”).

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DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT Penn Virginia Corporation
Director Restricted Stock Unit Award Agreement • October 11th, 2016 • Penn Virginia Corp • Crude petroleum & natural gas • Virginia

This Director Restricted Stock Unit Award Agreement (this “Agreement”) is made as of the [●] day of [●] (the “Grant Date”) between Penn Virginia Corporation (the “Company”), and [●] (“Participant”), and is made pursuant to the terms of the Penn Virginia Corporation 2016 Management Incentive Plan (the “Plan”). Any capitalized term used herein but not defined shall have the meaning set forth in the Plan.

RESTRICTED STOCK UNIT AWARD AGREEMENT Penn Virginia Corporation
Restricted Stock Unit Award Agreement • October 11th, 2016 • Penn Virginia Corp • Crude petroleum & natural gas • Virginia

This Restricted Stock Unit Award Agreement (this “Agreement”) is made as of the [●] day of [●] (the “Grant Date”) between Penn Virginia Corporation (the “Company”), and [●] (“Participant”), and is made pursuant to the terms of the Penn Virginia Corporation 2016 Management Incentive Plan (the “Plan”). Any capitalized term used herein but not defined shall have the meaning set forth in the Plan.

CONSULTING AGREEMENT
Consulting Agreement • October 11th, 2016 • Penn Virginia Corp • Crude petroleum & natural gas • Virginia

THIS CONSULTING AGREEMENT (this “Agreement”), dated as of September 9, 2016, by and between Penn Virginia Corporation, a Virginia corporation (the “Company”), and Nancy M. Snyder (the “Consultant”). For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

NONQUALIFIED STOCK OPTION AWARD AGREEMENT Penn Virginia Corporation
Nonqualified Stock Option Award Agreement • October 11th, 2016 • Penn Virginia Corp • Crude petroleum & natural gas • Virginia

This Nonqualified Stock Option Award Agreement (this “Agreement”) is made as of the [●] day of [●], 20[●] between Penn Virginia Corporation (the “Company”), and [●] (the “Participant”), and is made pursuant to the terms of Penn Virginia Corporation 2016 Management Incentive Plan (the “Plan”). Capitalized terms used herein but not defined shall have the meanings set forth in the Plan.

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