Document:

Seventh Amended and Restated 1999 Employee Stock Incentive Plan

 Exhibit 10.1 

PENN VIRGINIA CORPORATION 

SEVENTH AMENDED AND RESTATED 1999 EMPLOYEE STOCK INCENTIVE PLAN 

 

	1.	Purpose of the Plan 

 The
purpose of the Plan is to foster and promote the long-term success of the Company and increase shareholder value by: (a) motivating superior performance by providing to the Company’s employees long-term incentives and rewards for making
major contributions to the Company’s success; (b) strengthening the Company’s ability to retain key employees and to attract and retain outside talent by providing incentive compensation opportunities competitive with other companies
similar to the Company; and (c) enabling employees to participate in the long-term growth and financial success of the Company. 
  

	2.	Definitions 

 (a)
“Beneficiary” means the beneficiary chosen by the Optionee who is eligible to receive benefits under Section 8(b). 

(b) “Board” means the board of directors of the Parent Company. 

(c) “Cashless Exercise” means the manner of exercise of an Option described in Section 8(h). 

(d) “Cause” means (i) with respect to an Optionee or Participant who has an employment or change of control severance
agreement with the Company, “cause” as defined in such agreement or (ii) with respect to an Optionee or Participant who does not have an employment or change of control agreement with the Company, conduct on the part of an Optionee or
Participant that involves (A) willful failure to perform the Participant’s or Optionee’s duties or (B) engaging in serious misconduct injurious to the Company. 

(e) “Change of Control” means the occurrence of any of the events described in Section 15. 

(f) “Code” means the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder. 

(g) “Committee” means the committee described in Section 5. 

(h) “Company” means Penn Virginia Corporation and each of its Subsidiary Companies and any successor corporation. 

(i) “Date of Grant” means the date on which an Option or a Restricted Stock Award or a Restricted Stock Unit Award is granted.

 (j) “Deferred Shares Account” means the account described in Section 8(d). 

 (k) “Disability” means, unless otherwise determined by the Committee and set forth
in an option agreement, restricted stock award agreement or restricted stock unit award agreement, (i) with respect to an Option or a Restricted Stock Award, an Optionee or a Participant becoming disabled as determined by the Committee in its
discretion, and (ii) with respect to a Restricted Stock Unit Award, a Participant becoming disabled within the meaning of such term under section 409A(a)(2)(C) of the Code. 

(l) “Dividend Equivalents” means a contingent right, granted in tandem with a specific Stock Unit, to receive an amount in cash
equal to the per-Share cash dividends paid by the Company on its outstanding Shares during the period such Stock Unit is outstanding. 

(m) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(n) “Option” means any stock option granted under the Plan and described in Section 3(a). 

(o) “Optionee” means a person to whom an Option has been granted under the Plan, which Option has not been exercised and has
not expired, terminated or been forfeited. 
 (p) “Parent Company” means Penn Virginia Corporation, a Virginia
corporation. 
 (q) “Participant” means a person to whom a Restricted Stock Award or a Restricted Stock Unit Award has
been granted under the Plan the Restriction Period of which has not expired. 
 (r) “Plan” means this Penn Virginia
Corporation Seventh Amended and Restated 1999 Employee Stock Incentive Plan, as set forth herein and as amended from time to time. 

(s) “Restricted Stock” means Shares granted pursuant to a Restricted Stock Award. 

(t) “Restricted Stock Award” means any award of Shares granted under the Plan and described in Section 3(b). 

(u) “Restricted Stock Unit Award” means Stock Units granted under the Plan and described in Section 3(c). 

(v) “Restricted Stock Unit” means Stock Units granted pursuant to a Restricted Stock Unit Award. 

(w) “Restriction Period” means the period of time commencing with the Date of Grant during which restrictions shall apply to
the Shares subject to a Restricted Stock Award or a Restricted Stock Unit subject to a Restricted Stock Unit Award. 
  

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 (x) “Retirement” means the voluntary termination by an Optionee or a Participant
of his employment with the Company after such Optionee or Participant has become Retirement Eligible. 
 (y) “Retirement
Eligible” means an Optionee or a Participant has attained age 62 and completed at least ten consecutive Years of Service, or such younger age or lesser number of consecutive Years of Service as determined by the Committee. 

(z) “Shares” means shares of common stock of the Parent Company. 

(aa) “Stock Unit” means a bookkeeping entry representing a single Share. 

(bb) “Stock Unit Account” means the bookkeeping account described in Section 10(a). 

(cc) “Subsidiary Companies” means all corporations that at any relevant time are subsidiary corporations of the Parent Company
within the meaning of section 424(f) of the Code. 
 (dd) “Tax Date” has the meaning specified in Section 8(g).

 (ee) “Value” on any date means the closing stock price for a Share on the principal national securities exchange on
which the Shares are listed on such date (or if such securities exchange shall not be open for the trading of securities on such date, the last previous day on which such exchange was so open) or, if there is no closing price on such date, the
closing stock price on the date nearest preceding such date. 
 (ff) “Vesting Period” means the period of time
commencing with the Date of Grant during which an Option is not yet exercisable. 
 (gg) “Year of Service” means any
calendar year in which an employee of the Company is paid or entitled to be paid for 1,000 hours of service. 
  

	3.	Rights To Be Granted 

 The
following rights may be granted under the Plan: 
 (a) Options, which give the Optionee the right for a specified time period,
to purchase a specified number of Shares for a price equal to the Value of such Shares on the Date of Grant subject to forfeiture under certain circumstances upon termination of employment during a Vesting Period applicable to the Options;

 (b) Restricted Stock Awards, which give the Participant, without payment, a specified number of Shares subject to forfeiture
under certain circumstances upon termination of employment during a Restriction Period applicable to the Shares; and 
  

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 (c) Restricted Stock Unit Awards, which give the Participant, without payment, a specified
number of Stock Units subject to forfeiture under certain circumstances upon termination of employment during a Restriction Period applicable to the Stock Units. 
  

	4.	Stock Subject to Plan 

Subject to Section 13, not more than 6,335,000 Shares in the aggregate may be issued pursuant to the Plan and of the foregoing
6,335,000 Shares, no more than 350,000 Shares in the aggregate may be issued as Restricted Stock Awards or pursuant to Restricted Stock Unit Awards. For purposes of determining the number of Shares issued under the Plan, no Shares shall be deemed
issued until they are actually delivered to a Participant, Optionee or any other person in accordance with Section 8(b). Shares covered by Options, Restricted Stock Awards or Restricted Stock Unit Awards that either wholly or in part expire or
are forfeited or terminated shall be available for future issuance under the Plan. Any Shares tendered to or withheld by the Company in connection with the exercise of Options, or the payment of tax withholding on any Option, Restricted Stock Award
or Restricted Stock Unit Award shall not be available for future issuance under the Plan.” 
  

	5.	Administration of Plan 

(a) The Plan shall be administered by the Committee, which shall be composed of not less than three directors of the Parent Company
appointed by the Board who are “non-employee directors” as defined under rules promulgated under Section 16(b) of the Exchange Act. Except as the Committee may otherwise determine, all decisions and determinations by the Committee
shall be final and binding upon all Optionees and Participants and their respective designated beneficiaries. 
 (b) The
Committee may delegate, to a person designated from time to time by the Committee as the Plan Administrator, the right to approve or exercise any discretion given to the Committee pursuant to Sections 8(c), 8(g), 9(e) and 10(h). 

(c) Notwithstanding any provision in this Plan to the contrary, the Committee, may from time to time, in its sole discretion, delegate to
the Chief Executive Officer of the Parent Company the right to grant Options under the Plan to any person who is not subject to Section 16 of the Exchange Act. The Committee may, in its sole discretion, put any conditions and restrictions on
the powers that may be exercised by the Chief Executive Officer upon such delegation. The Committee may revoke such delegation at any time, but such revocation shall not adversely affect any Options previously granted to any Optionees or other
person then entitled to exercise such Option. 
  

	6.	Grant of Rights 

 Subject
to Section 7, the Committee or the Board may grant Options, Restricted Stock Awards and Restricted Stock Unit Awards to eligible employees of the Company as described in Section 7. 

 

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	7.	Eligibility 

 (a) Options
may be granted to any employee of the Company. 
 (b) Restricted Stock Awards and Restricted Stock Unit Awards may be granted
only to key employees of the Company, who are designated as such by the Committee or the Board. 
  

	8.	Option Agreements and Terms 

All Options shall be granted prior to January 1, 2014 and be evidenced by option agreements executed on behalf of the Parent Company
and by the respective Optionees. The terms of each such agreement shall be determined from time to time by the Committee, consistent, however, with the following: 

(a) Option Price. The option price per Share of any Option granted to an Optionee shall be equal to the Value of the Share on the
Date of Grant. 
 (b) Restrictions on Transferability. An Option shall not be transferable prior to the termination of
the Vesting Period with respect thereto unless otherwise determined by the Committee and specified in the option agreement. Thereafter, unless otherwise determined by the Committee and specified in the option agreement, an Option shall not be
transferable otherwise than (i) by will or the laws of descent and distribution or (ii) to the spouse, children or grandchildren of the Optionee or a trust for the exclusive benefit of any such family member, provided, however, that no
such family member shall be permitted to make any subsequent transfer of any such Options except back to the original Optionee and all Options transferred to any such family member shall remain subject to all terms and conditions set forth herein.
During the lifetime of the Optionee, an Option shall be exercisable only by him or by any transferee to whom an Option was transferred in accordance with subsection (b)(ii). Upon the death of an Optionee or the transfer in accordance with subsection
(b)(ii), the person to whom the rights shall have been transferred or passed by will or by the laws of descent and distribution may exercise any Options only in accordance with the provisions of Section 8(f); provided, that, notwithstanding the
foregoing, an Optionee may designate in writing on a form provided by the Company a Beneficiary who may exercise any Options in accordance with Section 8(f). 

(c) Payment. Full payment for Shares purchased upon the exercise of an Option shall be made in cash or, at the election of the
person exercising the Option and subject to the approval of the Committee at the time of exercise, by surrendering, or by the Parent Company’s withholding from Shares purchased, Shares with an aggregate Value, on the date immediately preceding
such exercise date, equal to all or any portion of the option price not paid in cash. With the consent of the Committee, payment for Shares purchased upon the exercise of an Option may be made in whole or in part by Restricted Stock (based on the
fair market value of the Restricted Stock on the date the Option is exercised as determined by the Committee). In such case, the Shares to which the Option relates shall be subject to the same forfeiture restrictions existing on the Restricted Stock

  

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exchanged thereof. Payment for Shares purchased upon the exercise of an Option may also be made pursuant to a Cashless Exercise. 

(d) Issuance of Certificates; Evidence of Uncertificated Shares; Payment of Cash. Only whole Shares shall be issuable upon
exercise of Options. Any right to a fractional Share shall be satisfied in cash. Upon receipt of payment of the option price and any withholding taxes payable pursuant to subsection (g), the Parent Company shall deliver to the exercising Optionee a
certificate for the number of whole Shares, or evidence of the ownership of the number of whole Shares, and a check for the Value on the date of exercise of the fractional Share to which the person exercising the Option is entitled or, if such
Optionee has made a deferral election pursuant to Section 13, Shares subject to such election shall be delivered to the Deferred Shares Account, which shall be maintained for such purpose by the Parent Company or an administrator appointed by
the Parent Company. The Parent Company shall not be obligated to deliver any certificates for Shares, or any evidence of the ownership of uncertificated Shares, until such Shares have been listed (or authorized for listing upon official notice of
issuance) upon each stock exchange upon which outstanding Shares of such class at the time are listed nor until there has been compliance with such laws or regulations as the Parent Company may deem applicable. The Parent Company shall use its best
efforts to effect such listing and compliance. 
 (e) Periods of Exercise of Options. An Option shall be exercisable in
whole or in part at such time as may be determined by the Committee and stated in the option agreement; provided that no Option shall be exercisable before one year from the Date of Grant except as otherwise determined by the Committee or as
provided in clauses (iii) and (iv) below and Section 15 and that no Option shall be exercisable after ten years from the Date of Grant: 

(i) In the event an Optionee ceases to be an employee of the Company for any reason other than death, Disability,
Retirement or termination for Cause (A) any Option held by such Optionee the Vesting Period with respect to which has not terminated shall expire and (B) any Option held by such Optionee the Vesting Period with respect to which has
terminated shall be exercisable until the earlier of that date which is (A) 90 days after the date on which the Optionee’s employment ceased or (B) the ten year anniversary of the Date of Grant. An Option exercisable on the date of
such cessation shall be exercisable for the remainder of its term to the extent exercisable as of the date of such cessation. 

(ii) In the event an Optionee’s employment with the Company terminates for Cause, any unexercised Options held by
such Optionee shall expire on the earlier of the date of employment termination or notice of such termination. 

(iii) In the event an Optionee ceases to be an employee of the Company by reason of his death or Disability, any Option
granted to such Optionee shall immediately become exercisable and shall remain exercisable until the earlier of that date which is (A) one year after the date of death or Disability or (B) the ten year anniversary of the Date of Grant.

  

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 (iv) In the event an Optionee ceases to be an employee of the Company by
reason of his Retirement, any Option granted to such Optionee shall immediately become exercisable and shall remain exercisable until the ten year anniversary of the Date of Grant. 

(f) Date and Notice of Exercise. Except with respect to Cashless Exercises, the date of exercise of an Option shall be the date on
which written notice of exercise, addressed to the Parent Company at its main office to the attention of its Secretary, is hand delivered, telecopied or mailed, first class postage prepaid; provided that the Parent Company shall not be obliged to
deliver any certificates for Shares, or any evidence of the ownership of uncertificated Shares, pursuant to the exercise of an Option until the Company shall have received payment in full of the option price for such Shares and any withholding taxes
payable pursuant to subsection (g). Each such notice of exercise shall be irrevocable when given. Each notice of exercise must include a statement of preference as to the manner in which payment to the Parent Company shall be made (Shares or cash, a
combination of Shares and cash or by Cashless Exercise). 
 (g) Payment of Withholding Taxes. Full payment for the amount
of any taxes required by law to be withheld by the Parent Company upon the exercise of an Option shall be made, on or before the date such taxes must be withheld, in cash or, at the election of the person recognizing income upon exercise of the
Option and subject to the approval of the Committee, by surrendering, or by the Parent Company’s withholding from Shares purchased, Shares with an aggregate Value on the date immediately preceding the date the withholding taxes due are
determined (the “Tax Date”) equal to all or any portion of the withholding taxes not paid in cash. Payment for such taxes may also be made pursuant to a Cashless Exercise. 

(h) Cashless Exercise. In addition to the methods of payment described in Sections 8(c) and 8(g), an Optionee may exercise and pay
for Shares purchased upon the exercise of an Option through the use of a brokerage firm acceptable to the Parent Company to make payment to the Company of the option price and any taxes required by law to be withheld upon exercise of the Option
either from the proceeds of a loan to the Optionee from the brokerage firm or from the proceeds of the sale of Shares issued pursuant to the exercise of the Option, and upon receipt of such payment the Company shall deliver the Shares issuable under
the Option exercised to such brokerage firm (a “Cashless Exercise”). Notwithstanding anything stated to the contrary herein, the date of exercise of a Cashless Exercise shall be the date on which the broker executes the sale of exercised
Shares or, if no sale is made, the date the broker receives the exercise loan notice from the Optionee to pay the Company for the exercised Shares. 
  

	9.	Restricted Stock Award Agreements and Terms 

Restricted Stock Awards shall be granted prior to January 1, 2014, subject to the limit set forth in Section 4 and shall be
evidenced by restricted stock award agreements executed on behalf of the Parent Company and by the respective Participants. The terms of each such agreement shall be determined from time to time by the Committee, consistent, however, with the
following: 
  

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 (a) Restrictions on Transferability. During the Restriction Period, neither a
Restricted Stock Award nor any interest therein shall be transferable unless otherwise determined by the Committee. 
 (b)
Issuance of Certificates; Evidence of Uncertificated Shares. Upon receipt from a Participant of a fully executed restricted stock award agreement and a stock power relating to the Shares issuable thereunder executed in blank by the
Participant, the Parent Company shall issue to such Participant the Shares subject to the Restricted Stock Award. The certificates representing such Shares shall be registered in such Participant’s name, with such legend thereon as the
Committee shall deem appropriate, provided that, such Shares may be uncertificated. The Parent Company shall retain the certificate, if certificated, for such Shares pending the termination of the Restriction Period or forfeiture thereof. Upon
termination of the Restriction Period of any such Shares, the Parent Company shall deliver to the Participant the certificates for such Shares, or if such Shares are uncertificated, evidence of the ownership of such uncertificated Shares. The Parent
Company shall not be obligated to deliver any certificates for Shares, or any evidence of the ownership of uncertificated Shares, until such Shares have been listed (or authorized for listing upon official notice of issuance) upon each stock
exchange upon which outstanding Shares of such class at the time are listed nor until there has been compliance with such laws or regulations as the Parent Company may deem applicable. The Parent Company shall use its best efforts to effect such
listing and compliance. 
 (c) Restriction Period. The Restriction Period for Restricted Stock Awards granted to a
Participant shall be determined by the Committee and specified in the restricted stock award agreement, provided that no Restriction Period shall terminate less than one year or greater than five years from the Date of Grant except pursuant to
subsection (d). Notwithstanding the foregoing, only whole Shares shall be issuable with respect to Restricted Stock Awards. In the event a Participant shall become entitled to a fractional Share, such fractional Share shall not be issuable unless
and until the Participant becomes entitled to such number of fractional shares as shall be equal in sum to a whole Share. 
 (d)
Forfeiture of Shares; Vesting on Disability, Death or Retirement Eligibility. 
 (i) Except as shall have
otherwise been determined by the Committee and specified in the restricted stock award agreement, in the event a Participant ceases to be an employee of the Company for any reason other than his death or Disability, any Shares subject to such
Participant’s Restricted Stock Award the Restriction Period with respect to which has not terminated shall automatically be forfeited by the Participant and revert to and become the property of the Company. 

(ii) In the event a Participant (A) becomes Retirement Eligible or (B) ceases to be an employee of the Company
by reason of his death or Disability, the Restriction Period with respect to any Shares subject to such Participant’s Restricted Stock Award which has not terminated shall automatically terminate effective on the date the Participant becomes
Retirement Eligible or the date of the Participant’s death or Disability, as applicable. 
  

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 (e) Payment of Withholding Taxes. Full payment for the amount of any taxes required
by law to be withheld in connection with a Restricted Stock Award shall be made, on or before the date such taxes must be withheld, in cash or, at the written election of the Participant and subject to the approval of the Committee, by surrendering,
or by the Parent Company’s withholding from Shares subject to such Restricted Stock Award Shares with an aggregate Value on the Tax Date equal to all or any portion of the withholding taxes not paid in cash. 

 

	10.	Restricted Stock Unit Award Agreements and Terms 

Restricted Stock Unit Awards shall be granted prior to January 1, 2014, subject to the limit set forth in Section 4, and shall
be evidenced by restricted stock unit award agreements executed on behalf of the Parent Company and by the respective Participants. The terms of each such agreement shall be determined from time to time by the Committee, consistent, however, with
the following: 
 (a) Crediting of Stock Units. Each Stock Unit shall represent the right of a Participant to receive a
Share or an amount of cash based on the Value of a Share, if and when specified conditions are met. The Committee shall establish a Stock Unit Account on behalf of each Participant who has received a Restricted Stock Unit Award to which all of the
Participant’s Stock Units shall be credited. The establishment of a Stock Unit Account shall not require segregation of any funds of the Company or provide any Participant with any rights to any assets of the Company, except as a general
creditor thereof. A Participant shall have no right to receive payment of any Stock Units credited to his Stock Unit Account except as expressly provided herein. 

(b) Restrictions on Transferability. During the Restriction Period, neither a Restricted Stock Unit Award nor any interest therein
shall be transferable unless otherwise determined by the Committee. 
 (c) Restriction Period. The Restriction Period for
Restricted Stock Unit Awards granted to a Participant shall be determined by the Committee and specified in the restricted stock unit award agreement, provided that no Restriction Period shall terminate less than one year or greater than five years
from the Date of Grant except pursuant to subsection (d). 
 (d) Forfeiture of Restricted Stock Units; Vesting on Disability,
Death or Retirement Eligibility. 
 (i) Except as shall have otherwise been determined by the Committee and
specified in the restricted stock unit award agreement, in the event a Participant ceases to be an employee of the Company for any reason other than his death or Disability, any Stock Units subject to such Participant’s Restricted Stock Unit
Award the Restriction Period with respect to which has not terminated shall automatically be forfeited by the Participant. 
  

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 (ii) In the event a Participant (A) becomes Retirement Eligible or
(B) ceases to be an employee of the Company by reason of his death or Disability, the Restriction Period with respect to any Stock Units subject to such Participant’s Restricted Stock Unit Award which has not terminated shall automatically
terminate effective on the date the Participant becomes Retirement Eligible or the date of the Participant’s death or Disability, as applicable. 

(e) Payment with Respect to Restricted Stock Unit Awards. Payments with respect to Restricted Stock Unit Awards shall be made in
cash, Shares or any combination of the foregoing, as the Committee shall determine. Notwithstanding any provision to the contrary herein, to the extent a Participant’s Restricted Stock Unit Award is paid in Shares, only whole Shares shall be
paid with respect to the Restricted Stock Unit Award. In the event a Participant shall become entitled to a fractional Share, such fractional Share shall not be issuable unless and until the Participant becomes entitled to such number of fractional
shares as shall be equal in sum to a whole Share. 
 (f) Earnings. If vested Restricted Stock Units are not paid within
30 days after the date such Restricted Stock Units vest, the Company shall credit the cash value recorded in the Participant’s Stock Unit Account with earnings through the date the Restricted Stock Units are paid as if such cash balance of the
Participant’s Stock Unit Account had been invested at a rate equal to the prime rate published in the Wall Street Journal on the applicable vesting date of the Restricted Stock Unit. 

(g) Dividend Equivalents. The Committee may grant Dividend Equivalents in tandem with a Restricted Stock Unit Award. Dividend
Equivalents may be paid currently or accrued as contingent cash obligations (with or without interest in the discretion of the Committee) and may be subject to the same Restriction Period as the tandem Restricted Stock Unit Award or subject to such
other provisions or restrictions as determined by the Committee in its discretion. 
 (h) Payment of Withholding Taxes.
Full payment for the amount of any taxes required by law to be withheld in connection with a Restricted Stock Unit Award shall be made, on or before the date such taxes must be withheld, in cash or, at the written election of the Participant and
subject to the approval of the Committee, by surrendering, or by the Parent Company’s withholding from Shares payable with respect to such Restricted Stock Unit Award Shares with an aggregate Value on the Tax Date equal to all or any portion of
the withholding taxes not paid in cash. 
  

	11.	Termination of Employment 

For the purposes of the Plan, a transfer of an employee between two employers, each of which is a Company, shall not be deemed a
termination of employment. 
  

	12.	Rights as Shareholders 

(a) An Optionee shall have no rights as a Shareholder of the Parent Company with respect to any Shares covered by his Options until the
date on which the Optionee is 
  

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issued a stock certificate or evidence of ownership of uncertificated Shares for such Shares underlying the Options. 

(b) Except as shall have been determined by the Committee and specified in the restricted stock award agreement, pending forfeiture of
Shares subject to a Restricted Stock Award, the Participant thereunder shall have all of the rights of a holder of such Shares including without limitation the right to receive such dividends as may be declared from time to time and to vote such
Shares (in person or by proxy). 
 (c) Neither the Participant, nor any person entitled to receive payment of a Restricted Stock
Unit Award in the event of the Participant’s death, shall have any rights as a Shareholder of the Parent Company with respect to any Shares payable with respect to his Restricted Stock Unit Award until the date on which the Participant is
issued a stock certificate or evidence of ownership of uncertificated Shares upon payment of the Restricted Stock Unit Award. 
  

	13.	Deferrals 

 The Committee
may permit or require a Participant to defer receipt of the payment of cash or the delivery of Shares that would otherwise be due to the Participant in connection with any grant made under the Plan. The Committee shall establish rules and procedures
for any such deferrals, consistent with applicable requirements of section 409A of the Code. 
  

	14.	Adjustments Upon Changes in Capitalization 

In the event of a stock dividend, stock split, recapitalization, combination, subdivision, issuance of rights, or other similar corporate
change, the Committee shall make an appropriate adjustment in the aggregate number of Shares issuable under the Plan, the number of Shares subject to each then outstanding Option, the option price of each then outstanding Option, the number of
Restricted Stock Awards then outstanding and the number of Restricted Stock Unit Awards then outstanding. 
  

	15.	Change of Control 

 (a) A
Change of Control shall be deemed to have occurred upon the occurrence of any of the following events: 
 (i) any
person, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) other than a trustee or other fiduciary holding securities under an employee benefit plan of the Parent Company, becomes the “beneficial
owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Parent Company representing 25% or more of the combined voting power of the Parent Company’s then outstanding securities; 

(ii) during any period of two consecutive years (not including any period prior to the effective date of this Plan),
individuals who at the beginning of such period constitute the Board, and any new director (other than a director designated 
  

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by a person who has entered into an agreement with the Parent Company to effect a transaction described in any of clauses (i), (iii) or (v) of this Change of Control definition and
excluding any individual whose initial assumption of office occurs as a result of either (A) an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act), or (B) an
actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board) whose election by the Board or nomination for election by the Parent Company’s shareholders was approved by a vote of at least two-thirds
of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason (other than retirement) to constitute at least a majority of
the Board; 
 (iii) the consummation of a merger or consolidation of the Parent Company with any other
corporation, other than a merger or consolidation which would result in the voting securities of the Parent Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity) at least 75% of the combined voting power of the voting securities of the Parent Company (or such surviving entity or parent entity, as the case may be) outstanding immediately after such merger or consolidation;

 (iv) the shareholders of the Parent Company approve a plan of complete liquidation of the Parent Company; or

 (v) the shareholders of the Parent Company approve an agreement for the sale or disposition by the Parent
Company of all or substantially all of the assets of the Parent Company, it being acknowledged for purposes of clarity that the sale or disposition by the Parent Company of all or substantially all of its interest in PVG GP, LLC, Penn Virginia GP
Holdings, L.P., Penn Virginia Resource GP, LLC or Penn Virginia Resource Partners, L.P. shall not constitute a sale or disposition of all or substantially all of the assets of the Parent Company. 

(b) Upon the occurrence of a Change in Control or such period prior thereto as shall be established by the Committee, (i) Options,
Restricted Stock Awards and Restricted Stock Unit Awards shall automatically vest and (ii) Options shall become 100% exercisable and shall remain exercisable for the lesser of three years or the term thereof. In this regard, all Restriction
Periods and Vesting Periods shall terminate. Notwithstanding any provision to the contrary herein, to the extent required to comply with section 409A of the Code, no Shares or cash payable with respect to Stock Units credited to a Participant’s
Stock Unit Account shall be distributed upon a Change in Control unless the transaction constituting a Change in Control is a “change in control event” for purposes of section 409A of the Code. 

 

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	16.	Plan Not to Affect Employment 

Neither the Plan nor any Option, Restricted Stock Award or Restricted Stock Unit Award shall confer upon any employee of the Company any
right to continue in the employment of the Company. 
  

	17.	Interpretation 

 The
Committee shall have the power to interpret the Plan and to make and amend rules for putting it into effect and administering it. It is intended that the Restricted Stock Awards shall constitute property subject to federal income tax pursuant to the
provisions of Section 83 of the Code and that the Plan shall qualify for the exemption available under Rule 16b-3 (or any similar rule) of the Exchange Act. To the extent applicable, grants under the Plan shall be structured either to be exempt
from or to comply with the requirements of section 409A of the Code. The provisions of the Plan shall be interpreted and applied insofar as possible to carry out such intent. 

 

	18.	Amendments 

 The Plan, any
Option and the related option agreement, any Restricted Stock Award and the related restricted stock award agreement and any Restricted Stock Unit Award and the related restricted stock unit award agreement may be amended by the Board or the
Committee, but any amendment that would require approval of the shareholders of the Parent Company shall require the approval of the holders of such portion of the shares of the capital stock of the Parent Company present and entitled to vote on
such amendment as is required by applicable law and the terms of the Parent Company’s capital stock to make the amendment effective. Notwithstanding the foregoing, no amendment shall be made which would disqualify any member of the Committee
from being a “non-employee director” as defined herein. No outstanding Option shall be adversely affected by any such amendment without the written consent of the Optionee or other person then entitled to exercise such Option. No
Restricted Stock Award shall be adversely affected by any such amendment without the written consent of the Participant or other person then entitled to receive the Shares subject to such Restricted Stock Award. No Restricted Stock Unit Award shall
be adversely affected by any such amendment without the written consent of the Participant or other person then entitled to receive the cash or Shares subject to such Restricted Stock Unit Award. 

 

	19.	Securities Laws 

 The
Committee shall have the power to make each grant under the Plan subject to such conditions as it deems necessary or appropriate to comply with the then-existing requirements of Rule 16b-3 (or any similar rule) of the Securities and Exchange
Commission. 
  

 13 

	20.	Governing Law 

 The
validity, construction and effect of the Plan and any rules or regulations relating to the Plan shall be determined in accordance with the laws of the Commonwealth of Pennsylvania without regard to its conflict of laws principles. 

 

	21.	Effective Date and Term of Plan 

The Plan became effective on May 4, 1999 and shall expire on December 31, 2013 unless sooner terminated by the Board.

 Amended and Restated as of July 28, 2010 
  

 14Form of Joinder Agreement

 Exhibit 10.1 

Execution Version 

JOINDER AGREEMENT 

THIS JOINDER AGREEMENT, dated as of August 2, 2010 (this “Agreement”), by and among
each lender signatory hereto (each a “New Term Lender” and collectively the “New Term Lenders”), NTELOS Inc., a Virginia corporation (“Borrower”), the Subsidiary Guarantors, and JPMorgan
Chase Bank, N.A. (“JPM”), as Administrative Agent and Collateral Agent. 
 RECITALS:

 WHEREAS, reference is hereby made to the Credit Agreement, dated as of August 7, 2009 (as amended, amended
and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein, unless otherwise defined herein, being used herein as therein defined), by and among the Borrower, the
Subsidiary Guarantors named therein, the Lenders party thereto from time to time, and JPM as Administrative Agent and Collateral Agent; and 

WHEREAS, subject to the terms and conditions of the Credit Agreement, Borrower may obtain New Term Commitments by entering into
one or more Joinder Agreements with the New Term Lenders. 
 NOW, THEREFORE, in consideration of the premises and
agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
 Each New Term Lender party hereto
hereby agrees to commit to provide its respective New Term Commitment to provide a New Term Loan (the “Series A New Term Loan”) to Borrower in the amount set forth for such New Term Lender on Schedule A annexed hereto, on the
terms and subject to the conditions set forth below: 
 Each New Term Lender (i) confirms that it has received a copy of
the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into
this Agreement; (ii) agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Credit Agreement; (iii) appoints and authorizes Administrative Agent and Collateral Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement and
the other Loan Documents as are delegated to Administrative Agent and Collateral Agent by the terms thereof, together with such powers as are reasonably incidental thereto; and (iv) agrees that it will perform in accordance with their terms all
of the obligations which by the terms of the Credit Agreement are required to be performed by it as a New Term Lender. 

 Each New Term Lender hereby agrees to make its New Term Commitment on the following terms
and conditions: 
  

	1.	Applicable Margin. The Applicable Margin for each Series A New Term Loan shall mean, as of any date of determination, (a) in the case of Base Rate Advances,
2.75% per annum, and (b) in the case of Eurodollar Rate Advances, 3.75% per annum. 

  

	2.	Principal Payments. Borrower shall make principal payments on the Series A New Term Loans in installments on the dates and in the amounts set forth below:

  

				
	 Payment Date
	  	Scheduled
Repayment
of
Series A New Term Loans
	 December 31, 2010
	  	$	312,500
	 March 31, 2011
	  	$	312,500
	 June 30, 2011
	  	$	312,500
	 September 30, 2011
	  	$	312,500
	 December 31, 2011
	  	$	312,500
	 March 31, 2012
	  	$	312,500
	 June 30, 2012
	  	$	312,500
	 September 30, 2012
	  	$	312,500
	 December 31, 2012
	  	$	312,500
	 March 31, 2013
	  	$	312,500
	 June 30, 2013
	  	$	312,500
	 September 30, 2013
	  	$	312,500
	 December 31, 2013
	  	$	312,500
	 March 31, 2014
	  	$	312,500
	 June 30, 2014
	  	$	312,500
	 September 30, 2014
	  	$	312,500
	 December 31, 2014
	  	$	312,500
	 March 31, 2015
	  	$	312,500
	 June 30, 2015
	  	$	312,500
	 Termination Date
	  	$	119,062,500

  

	3.	Voluntary and Mandatory Prepayments. Scheduled installments of principal of the Series A New Term Loans set forth above shall be reduced in connection with any
voluntary or mandatory prepayments of the Series A New Term Loans in accordance with Section 2.06 of the Credit Agreement; provided that the final installment payable by Borrower in respect of the Series A New Term Loans on such
date shall be in an amount, if such amount is different from the amount specified above, sufficient to repay all amounts owing by Borrower under the Credit Agreement with respect to the Series A New Term Loans. 

	4.	Other Fees. Borrower agrees that each New Term Lender may deduct from the proceeds of the Series A New Term Loan made by such New Term Lender a fee equal to
0.25% of the Series A New Term Loan commitment of such New Term Lender as set forth on Schedule A hereto. 

  

	5.	Proposed Borrowing. This Agreement represents Borrower’s request to borrow Series A New Term Loans from the New Term Lenders as follows (the
“Proposed Borrowing”): 

  

	 	a.	Business Day of Proposed Borrowing: August 2, 2010 (the “Series A New Term Loan Closing Date”) 

 

	 	b.	Amount of Proposed Borrowing: $125,000,000.00 

  

							
	  c.     Interest rate option:
	 	X	 	a.	 	Base Rate Loan(s)
		 	 ̈	 	b.	 	 Eurodollar Rate Loans
 with
an initial Interest
 Period of          month(s)

Each New Term Lender severally agrees, on the terms and conditions set forth in this Agreement and the Credit Agreement, to make a single
advance of the Series A New Term Loan to the Borrower on the Series A New Term Loan Closing Date in the amount of its New Term Commitment, less the fee retained by such New Term Lender pursuant to Section 4 hereof. 

 

	6.	Reserved. 

  

	7.	Credit Agreement Governs. Except as set forth in this Agreement, Series A New Term Loans shall otherwise be subject to the provisions of the Credit Agreement and
the other Loan Documents. The commitments set forth on Schedule A hereto shall constitute New Term Commitments under the Credit Agreement. 

  

	8.	Borrower’s Certifications. By its execution of this Agreement, the undersigned officer, to the best of his or her knowledge, and Borrower hereby certify
that: 

  

	 	i.	The representations and warranties contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects on and as of the date
hereof to the same extent as though made on and as of the date hereof, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties were true and correct in all
material respects on and as of such earlier date; 

	 	ii.	No event has occurred and is continuing or would result from the consummation of the Proposed Borrowing contemplated hereby that would constitute a Default or an Event
of Default; 

  

	 	iii.	Borrower has performed in all material respects all agreements and satisfied all conditions which the Credit Agreement provides shall be performed or satisfied by it on
or before the date hereof; 

  

	 	iv.	The Interest Coverage Ratio, calculated by taking into account EBITDA for the four Fiscal Quarter period most recently then ended for which financial statements have
been delivered pursuant to Section 5.03(b)(iii) or (c)(ii) of the Credit Agreement and Consolidated Debt for Borrowed Money of the Borrower and its Subsidiaries as of the day of such Proposed Borrowing and after giving effect to the applicable
Proposed Borrowing, shall be not less than the level set forth with respect thereto in Section 5.04(b) of the Credit Agreement; and 

  

	 	v.	The Leverage Ratio, calculated by taking into account EBITDA for the four Fiscal Quarter period most recently then ended for which financial statements have been
delivered pursuant to Section 5.03(b)(iii) or (c)(ii) of the Credit Agreement and Consolidated Debt for Borrowed Money of the Borrower and its Subsidiaries as of the day of such Proposed Borrowing and after giving effect to the applicable
Proposed Borrowing, shall be not more than 3.75 to 1.00. 

  

	9.	Borrower Covenants. By its execution of this Agreement, Borrower hereby covenants that: 

 

	 	i.	Borrower shall deliver or cause to be delivered a legal opinion of Troutman Sanders LLP, together with all other documents reasonably requested by Administrative Agent
in connection with this Agreement; 

  

	 	ii.	Borrower shall deliver a solvency certificate in substantially the form of Exhibit H to the Credit Agreement from the chief financial officer of the Borrower, attesting
to the solvency of the Borrower and its Subsidiaries, taken as a whole, before and after giving effect to the Proposed Borrowing; 

  

	 	iii.	The Loan Parties shall deliver a closing certificate substantially in the form of Exhibit J to the Credit Agreement, certifying that the information delivered to the
Administrative Agent and the Lenders on the Closing Date has not changed, or, if such information has changed, setting forth and certifying as to such changes; 

 

	 	iv.	Borrower shall deliver an officers’ certificate with calculations (in reasonable detail) demonstrating (a) compliance with the Interest Coverage Ratio test
described in Section 5.04(b) of the Credit Agreement and (b) a Leverage Ratio of not more than 3.75 to 1.00; 

	 	v.	Each Loan Party shall have executed and delivered to the Administrative Agent a reaffirmation of liens and, in the case of the Subsidiary Guarantors, guarantees in form
and substance reasonably satisfactory to the Administrative Agent; 

  

	 	vi.	The Administrative Agent shall have received the results of a recent lien search in each relevant jurisdiction with respect to the Borrower and its Subsidiaries, and
such search shall reveal no liens on any of the assets of the Borrower and its Subsidiaries except for liens permitted by the Credit Agreement; and 

  

	 	vii.	Borrower shall deliver (a) a modification to the Mortgage in form and substance reasonably satisfactory to the Administrative Agent and (b) an endorsement to
the Mortgage Policy. 

  

	10.	Certain Amendments. Pursuant to Section 2.17 of the Credit Agreement, in order to effect the provisions of this Agreement, the Administrative Agent, the
Borrower and each New Term Lender hereby that the Credit Agreement is hereby amended as follows: 

i. Section 1.01 of the Credit Agreement is hereby amended by (x) deleting the word “and” immediately
before clause (b) of the definition of “Applicable Margin”, and (y) inserting the following at the end of clause (b) thereof: “and (c) in respect of New Term Loans constituting Series A New Term Loans,
2.75% per annum for Base Rate Advances and 3.75% per annum for Eurodollar Rate Advances”. 
 ii.
Section 1.01 of the Credit Agreement is hereby amended by inserting the following definitions in appropriate alphabetical order: 

“New Term Loan Information Memorandum” means the information memorandum dated July 2010 used in
connection with the syndication of the Series A New Term Loans. 
 “Series A New Term
Lender” means each New Term Lender identified as such the Series A New Term Loan Joinder Agreement, and each other Lender from time to time holding Series A New Term Loans. 

“Series A New Term Loan Joinder Agreement” means the Joinder Agreement dated as of August 2,
2010 among the Borrower, the lenders signatory thereto, the Administrative Agent and the Collateral Agent. 

“Series A New Term Loans” means the New Term Loans in an aggregate principal amount of
$125,000,000 incurred by the Borrower pursuant to the Series A New Term Loan Joinder Agreement. 

 “Series A New Term Note” means a promissory note of
the Borrower payable to any Series A New Term Lender, in substantially the form of Exhibit A-3 hereto, evidencing the indebtedness of the Borrower to such Lender resulting from the Series A New Term Loans made by such Lender, as amended.

 iii. Section 2.02(c)(ii) of the Credit Agreement is hereby amended and restated in its entirety as
follows: 
 “(ii) the Term B Advances and the Series A New Term Loans that are Eurodollar Rate Advances
may not be outstanding as part of more than ten separate Borrowings, collectively, and the Revolving Credit Advances that are Eurodollar Rate Advances may not be outstanding as part of more than five separate Borrowings”. 

iv. Section 2.06(a) of the Credit Agreement is hereby amended by inserting the following at the end thereof:
“Each such prepayment of any Series A New Term Loans shall be applied to the installments thereof on a pro rata basis.”. 

v. Section 2.11(f) of the Credit Agreement is hereby amended by inserting the phrase “and any Series A New Term
Loans” immediately after the reference to “Term B Facility” contained in the last paragraph thereof. 

vi. Section 2.16(a) of the Credit Agreement is hereby amended by amending and restating the penultimate sentence
thereof as follows: “The Borrower agrees that upon notice by any Lender Party to the Borrower (with a copy of such notice to the Administrative Agent) to the effect that a promissory note or other evidence of indebtedness is required or
appropriate in order for such Lender Party to evidence (whether for purposes of pledge, enforcement or otherwise) the Advances owing to, or to be made by, such Lender Party, the Borrower shall promptly execute and deliver to such Lender Party, with
a copy to the Administrative Agent, a Revolving Credit Note, a Term B Note and a Series A New Term Note, as applicable, in substantially the form of Exhibits A-1, A-2 and A-3 hereto, respectively, payable to such Lender Party in a principal amount
equal to the Revolving Credit Commitment, the Term B Commitment, and Series A New Term Loans, respectively, of such Lender Party.” 

vii. Section 4.01(h) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

“Accuracy of Information. Neither the Information Memorandum, the New Term Loan Information Memorandum nor any
other information, exhibit or report (other than projections and forecasted financial statements and second quarter 2010 estimates of financial performance) furnished by or on behalf of any Loan Party to any Agent or any Lender Party in connection
with the negotiation and syndication of the Loan Documents or pursuant to the terms of the Loan Documents, taken as a whole collectively with all information previously furnished, contained when furnished (or, (x) in the case of the Information

 
Memorandum, as of the date of this Agreement, or (y) in the case of the New Term Loan Information Memorandum, as of the date of the Joinder Agreement applicable thereto) any untrue statement
of a material fact or omitted to state a material fact necessary to make the statements made therein in light of the circumstances under which they were made not misleading.” 

viii. Section 7.05(c) of the Credit Agreement is hereby amended by (x) deleting in its entirety that portion of
the first sentence thereof commencing at clause (iv) and continuing through the end of such sentence and (y) inserting the following immediately after clause (iii) thereof: “(iv) the aggregate unused portions of their respective
commitments in respect of Series A New Term Loans and (v) their respective Unused Revolving Credit Commitments at such time; provided that the aggregate principal amount of Swing Line Advances owing to the Swing Line Bank and of Letter
of Credit Advances owing to the Issuing Bank shall be considered to be owed to the Revolving Credit Lenders ratably in accordance with their respective Revolving Credit Commitments.” 

ix. A new Exhibit A-3 is hereby added to the Credit Agreement in the form of Annex I hereto. 

 

	11.	Eligible Assignee. By its execution of this Agreement, each New Term Lender represents and warrants that it is an Eligible Assignee. 

 

	12.	Notice. For purposes of the Credit Agreement, the initial notice address of each New Term Lender shall be as contemplated by Section 9.02 of the Credit
Agreement. 

  

	13.	Non-US Lenders. For each New Term Lender that is a Non-US Lender, delivered herewith to Administrative Agent are such forms, certificates or other evidence with
respect to United States federal income tax withholding matters as such New Term Lender may be required to deliver to Administrative Agent pursuant to Section 2.12(e) of the Credit Agreement. 

 

	14.	Recordation of the New Loans. Upon execution and delivery hereof, Administrative Agent will record the Series A New Term Loans made by New Term Lenders in the
Register. 

  

	15.	Amendment, Modification and Waiver. This Agreement may not be amended, modified or waived except in accordance with Section 9.01 of the Credit Agreement.

  

	16.	Entire Agreement. This Agreement, the Credit Agreement and the other Loan Documents constitute the entire agreement among the parties with respect to the subject
matter hereof and thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties or any of them with respect to the subject matter hereof. 

	17.	GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICTS OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAWS OF THE STATE OF NEW YORK. 

 

	18.	Waiver of Jury Trial. Each of the Borrower, the Agents and the New Term Lenders irrevocably waives all right to trial by jury in any action, proceeding or
counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this Agreement, the Series A New Term Loans or the actions of any Agent or any New Term Lender in the negotiation, administration, performance or enforcement
thereof. 

  

	19.	Jurisdiction, Etc. 

i. Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the
exclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or
any of the other Loan Documents to which it is a party, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may
be heard and determined in any such New York State court or, to the fullest extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 
 ii. Each of
the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or
relating to this Agreement or any of the other Loan Documents to which it is a party in any New York State or Federal court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient
forum to the maintenance of such action or proceeding in any such court. 
  

	20.	Severability. Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the
extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any
other jurisdiction. If any provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as would be enforceable. 

 

	21.	Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same
agreement. Delivery by telecopier or other electronic means of an executed counterpart of a signature page to this Agreement shall be effective as delivery of an original executed counterpart of this Agreement. 

[Remainder of page intentionally left blank] 

 IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to
execute and deliver this Joinder Agreement as of the date first written above. 
  

			
	 JPMORGAN CHASE BANK, N.A., as New Term Lender

		
	By:	 	 /s/ John G. Kowalczuk

	Name: John G. Kowalczuk
	Title: Executive Director
	
	 COBANK, ACB, as New Term Lender

		
	By:	 	 /s/ Gloria S. Hancock

	Name: Gloria S. Hancock
	Title: Vice President

			
	 NTELOS INC.

		
	By:	 	 /s/ Michael B. Moneymaker

	Name: Michael B. Moneymaker
	Title: Executive Vice President, Chief Financial Officer, Secretary and Treasurer
	
	NA COMMUNICATIONS, INC.
	NTELOS CABLE INC.
	NTELOS CABLE OF VIRGINIA INC.
	NTELOS COMMUNICATIONS INC.
	NTELOS COMMUNICATIONS SERVICES INC.
	NTELOS CORNERSTONE INC.
	NTELOS LICENSES INC.
	NTELOS MEDIA INC.
	NTELOS NETACCESS INC.
	NTELOS NET LLC
	NTELOS NETWORK INC.
	NTELOS OF WEST VIRGINIA INC.
	NTELOS PCS INC.
	NTELOS PCS NORTH INC.
	R&B CABLE, INC.
	R&B COMMUNICATIONS, INC.
	R&B NETWORK, INC.
	RICHMOND 20MHZ, LLC
	ROANOKE & BOTETOURT NETWORK LLC
	THE BEEPER COMPANY
	VIRGINIA RSA 6 LLC
	VIRGINIA PCS ALLIANCE, L.C.
	VIRGINIA TELECOMMUNICATIONS PARTNERSHIP
	WEST VIRGINIA PCS ALLIANCE, L.C.
		
	By:	 	 /s/ Michael B. Moneymaker

	Name: Michael B. Moneymaker
	Title: Executive Vice President, Chief Financial Officer, Secretary and Treasurer

 Consented to by: 
  

			
	 JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and Collateral Agent

		
	By:	 	 /s/ John G. Kowalczuk

	Name: John G. Kowalczuk
	Title: Executive Director

 SCHEDULE A 

TO JOINDER AGREEMENT 
  

						
	 Name of Lender
	  	 Type of Commitment
	  	Amount
	 JPMorgan Chase Bank, N.A.
	  	 New Term Commitment of

Series A
	  	$	85,000,000
	 CoBank, ACB
	  	 New Term Commitment of

Series A
	  	$	40,000,000
		  		  	 	 
		  		  	Total: $	125,000,000
		  		  	 	 

 Annex I 

Exhibit A-3 – Form of Series A New Term Note 

 

			
	$                             
   	 	Dated:                          ,
        

 FOR VALUE RECEIVED, the undersigned, NTELOS INC., a
Virginia corporation (the “Borrower”), HEREBY PROMISES TO PAY
                                         
        or its registered assigns (the “Lender”) for the account of its Applicable Lending Office (as defined in the Credit Agreement referred to below) the principal amount of the Series
A New Term Loans owing to the Lender by the Borrower pursuant to the Credit Agreement dated as of August 7, 2009 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”; terms defined therein, unless otherwise defined herein, being used herein as therein defined) among the Borrower, the Subsidiary Guarantors, the Lender and certain other Lender Parties party thereto, and JPMorgan Chase Bank,
N.A., as Administrative Agent and Collateral Agent for the Lender and such other Lender Parties, on the dates and in the amounts specified in the Credit Agreement. 

The Borrower promises to pay to the Lender or its registered assigns interest on the unpaid principal amount of the Series A New Term
Loans from the date of such Series A New Term Loans until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. 

Both principal and interest are payable in lawful money of the United States of America to the Administrative Agent, at the
Administrative Agent’s Account, in same day funds. The Series A New Term Loans owing to the Lender by the Borrower and the maturity thereof, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to
any transfer hereof, endorsed on the grid attached hereto, which is part of this Series A New Term Note; provided, however, that the failure of the Lender to make any such recordation or endorsement shall not affect the Obligations of the Borrower
under this Series A New Term Note. 
 This Series A New Term Note is one of the Notes referred to in, and is entitled to the
benefits of, the Credit Agreement. The Credit Agreement, among other things, (i) provides for the borrowing of Series A New Term Loans by the Lender to the Borrower in an amount not to exceed the U.S. dollar amount first above mentioned, the
indebtedness of the Borrower resulting from such Series A New Term Loans being evidenced by this Series A New Term Note, and (ii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also
for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified. The obligations of the Borrower under this Series A New Term Note and the other Loan Documents, and the obligations of the
other Loan Parties under the Loan Documents, are secured by the Collateral as provided in the Loan Documents. 
 This Series A
New Term Note shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York. 

 IN WITNESS WHEREOF, the undersigned has executed this Series A New Term Note as of the day
and year first above written. 
  

			
	 NTELOS INC.

		
	By	 	  

		 	 Title:

 ADVANCES AND PAYMENTS OF PRINCIPAL 

 

									
	 Date
	 	 Amount of

Advance
	 	 Amount of

Principal Paid or

Prepaid
	  	 Unpaid Principal

Balance
	  	 Notation

Made

By

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