Exhibit 10.9

JPMorgan Chase Bank, National Association

P.O. Box 161

60 Victoria Embankment

London EC4Y 0JP

England

December 3, 2007

Penn Virginia Corporation

Three Radnor Corporate Center, Suite 300

100 Matsonford Road

Radnor, PA 19087

Attention: Frank Pici

                  Vice President & CFO

 

Re: Warrant Transaction Amendment

Penn Virginia Corporation (the “Company”) and JPMorgan Chase Bank, National
Association, London Branch (“Dealer”) have entered into a confirmation dated
November 29, 2007 (the “Confirmation”) relating to Warrants on shares of common
stock, par value USD 0.01, of the Company, issued by Company to Dealer. This
letter agreement (this “Amendment”) amends the terms and conditions of the
Transaction (the “Transaction”) evidenced by the Confirmation.

Upon the effectiveness of this Amendment, all references in the Confirmation to
the “Transaction” will be deemed to be to the Transaction as amended hereby.
Capitalized terms used herein without definition shall have the meanings
assigned to them in the Confirmation.

 

1. Amendments. The Confirmation is hereby amended as follows:

 

  a. Number of Warrants. The “Number of Warrants” shall be “1,593,072”.

 

  b. Premium. The “Premium” shall be “USD 7,274,922.60”

 

  c. Maximum Amount. The number “4,160,000” set forth in Section 9(k)(i) of the
Confirmation is hereby replaced with the number “4,780,000”.

 

2. Effectiveness. This Amendment shall become effective upon execution by the
parties hereto.

 

3. No Additional Amendments or Waivers. Except as amended hereby, all the terms
of the Transaction and provisions in the Confirmation shall remain and continue
in full force and effect and are hereby confirmed in all respects.

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4. Counterparts. This Amendment may be signed in any number of counterparts,
each of which shall be an original, with the same effect as if all of the
signatures thereto and hereto were upon the same instrument.

 

5. Governing Law. The provisions of this Amendment shall be governed by New York
law (without reference to choice of law doctrine).

 

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Please confirm that the foregoing correctly sets forth the terms of our
agreement by executing this Amendment and returning it in the manner indicated
in the attached cover letter.

 

Very truly yours, J.P. Morgan Securities Inc.,
as agent for JPMorgan Chase Bank,
National Association By:   /s/ Jeff Zajkowski Authorized Signatory Name:   Jeff
Zajkowski

 

Confirmed as of the

date first above written:

Penn Virginia Corporation By:   /s/ Nancy M. Snyder Name:   Nancy M. Snyder
Title:  

Executive Vice President,

General Counsel and

Corporate Secretary

 

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