PENN VIRGINIA ESCROW LLC TO BE MERGED WITH AND INTO PENN VIRGINIA HOLDINGS, LLC Purchase AgreementPurchase Agreement • July 29th, 2021 • Penn Virginia Corp • Crude petroleum & natural gas • New York
The Securities (as defined below) are to be issued under an indenture (the “Initial Indenture”), to be dated as of August 10, 2021, between the Escrow Issuer and Citibank, N.A., as trustee (the “Trustee”). On the Effective Date (as defined below), (i) Penn Virginia Holdings, LLC, a limited liability company organized under the laws of Delaware (the “Company”) and an indirect, wholly owned subsidiary of Penn Virginia Corporation, a Virginia corporation (the “Parent”), will merge with the Escrow Issuer, with the Company surviving and assuming the obligations of the Escrow Issuer under the Initial Indenture, (ii) the Company, the Guarantors (as defined below) and the Trustee will enter into a supplemental indenture (the “Supplemental Indenture”) pursuant to which the Guarantors will fully and unconditionally guarantee obligations under the Notes and the Indenture and (iii) the Company will succeed to the Escrow Issuer’s obligations under the Notes and the Initial Indenture by operation of
