Document:

Exhibit 10.8

 

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE
SUCH TERMS ARE BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO EQUITRANS MIDSTREAM CORPORATION AND EQM MIDSTREAM PARTNERS,
LP IF PUBLICLY DISCLOSED. THESE REDACTED TERMS HAVE BEEN MARKED IN THIS EXHIBIT AT THE APPROPRIATE PLACE WITH THREE ASTERISKS [***].

 

CREDIT LETTER AGREEMENT

 

This agreement (this
 “Letter Agreement”) is made as of February 26, 2020 (the “Effective Date”), by and
between EQT Corporation, a Pennsylvania corporation (“EQT”), and EQM Midstream Partners, LP, a Delaware
limited partnership (“EQM”). EQT and EQM are referred to herein collectively as the “Parties”
and each, individually, as a “Party.”

 

WHEREAS,
EQT, EQT Energy, LLC (“EE”), a Delaware limited liability company and wholly owned subsidiary of EQT,
EQT Production Company (“EQT Production”), a Pennsylvania corporation and wholly owned subsidiary of
EQT, and Rice Drilling B LLC, a Delaware limited liability company and subsidiary of EQT (collectively, the “EQT Parties”),
and EQM Gathering Opco, LLC (“EQM Gathering Opco”), a Delaware limited liability company and wholly owned
subsidiary of EQM, entered into that certain Gas Gathering and Compression Agreement, effective as of April 1, 2020 (the “GGA”),
whereby the EQT Parties dedicated production in West Virginia and Pennsylvania for gathering by EQM Gathering Opco in exchange
for certain commercial terms;

 

WHEREAS,
the Parties desire to amend the terms relating to credit support obligations with respect to certain existing agreements between
each of EQT and EQM and certain of their affiliates;

 

WHEREAS,
the Parties desire to agree to use commercially reasonable efforts to amend the terms relating to credit support obligations with
respect to certain other existing agreements between each of EQT and EQM and certain of their affiliates; and

 

WHEREAS,
the Parties desire to set forth certain additional agreements relating to credit support obligations under that certain Second
Restated Credit Agreement, effective as of December 20, 2017, by and between EE and Mountain Valley Pipeline, LLC, Series A, a
Delaware limited liability company operated by a wholly owned subsidiary of EQM (as amended, restated, supplemented or otherwise
modified from time to time, the “MVP Agreement”).

 

NOW,
THEREFORE, in consideration of the mutual promises, covenants and agreements contained herein and in the GGA, the Parties
hereby agree as follows:

 

Article
1

Credit Support Agreements

 

Section
1.1            Amendments to the EQM Controlled Agreements.

 

(a)           The
Parties acknowledge and agree that, effective as of the Effective Date, each of the agreements set forth on Exhibit A-1
(the “Controlled Agreements”) shall be deemed amended as necessary to include the credit support terms
set forth under Section 5.5 of the GGA (including the Minimum Credit Standard) (such terms, the “GGA Credit Support
Obligations”), mutatis mutandis, other than with respect to the amount of any credit support obligation under
any Controlled Agreement (which shall not be deemed amended). To the extent any adequate assurance provision or other credit support
obligations set forth in any Controlled Agreement conflict with the GGA Credit Support Obligations, then the GGA Credit Support
Obligations shall control to the extent of such conflict. The amendment of each Controlled Agreement under this Section 1.1(a)
shall be effective until the earlier of: (i) the execution of the formal amendment of such Controlled Agreement pursuant to
Section 1.1(b) and (ii) the expiration of this Letter Agreement pursuant to Section 2.2.

 

    1

     

    

 

(b)         On
or prior to March 27, 2020, the Parties shall prepare and execute (or cause their applicable affiliate(s) to execute) a formal
amendment to each Controlled Agreement replacing all existing credit support obligations (other than the amount of any credit
support) with the GGA Credit Support Obligations; provided that the amount of any credit support obligations as set forth in the
formal amendment to each Controlled Agreement shall be reasonably determined by the Parties consistent with how the credit support
amount was determined by the Parties in the GGA.

 

Section
1.2           Amendment to the JV Agreements.
The Parties acknowledge and agree that within 15 days following the Effective Date, the Parties shall prepare an amendment to
each of the agreements set forth on Exhibit A-2 (the “JV Agreements”) replacing the credit support
obligations set forth in each such JV Agreement (other than the amount of any credit support obligations thereunder) with the
GGA Credit Support Obligations (each, a “JV Agreement Amendment”). EQM and EQT shall each cooperate
in good faith and use their commercially reasonable efforts to cause the applicable counterparties to each JV Agreement to approve
and execute each of the JV Agreement Amendments on or before March 27, 2020; provided that EQT acknowledges that EQM does
not control the actions of certain of the counterparties to the JV Agreements and EQM shall have no liability to EQT (other than
for failure to comply with its obligations under this Section 1.2) in the event that the Parties are unable to successfully
negotiate for an amendment to any of the JV Agreements in accordance with the terms of this Section 1.2.

 

Section
1.3            Cooperation on Amendment of MVP Credit Obligations.
EQM acknowledges and agrees that concurrently with the execution of this Letter Agreement, EQM shall execute and cause its applicable
subsidiaries to execute, a Letter Agreement in the form attached hereto as Exhibit C (the “MVP Letter Agreement”)
amending EQT’s credit support obligations under the MVP Agreement. Following the Effective Date, EQM shall use its reasonable
best efforts to cause each of the counterparties set forth in the MVP Letter Agreement to execute such MVP Letter Agreement as
soon as reasonably practicable following the Effective Date or, if such counterparties refuse to sign the MVP Letter Agreement,
EQM shall continue to use reasonable best efforts to cause such counterparties (including Mountain Valley Pipeline, LLC) to execute
an amendment to the MVP Agreement that provides for the same credit support obligations of EQT as set forth in the MVP Letter
Agreement; provided that EQT acknowledges that EQM does not control certain actions of such counterparties (including Mountain
Valley Pipeline, LLC) and EQM shall have no liability (other than for failure to comply with its obligations under this Section
1.3) to EQT in the event that the Parties are unable to successfully execute the MVP Letter Agreement or otherwise amend the
MVP Agreement in accordance with the terms of this Section 1.3.

 

Section
1.4            Guarantees.
The Parties acknowledge and agree that following the execution hereof, the guarantees set forth on Exhibit B shall remain
in effect and unchanged.

 

    2

     

    

 

Article
2

MISCELLANEOUS

 

Section
2.1            Defined Terms.
Defined terms used but not defined herein shall have the meanings given to such terms in the GGA. 

 

Section
2.2          Term.
This Letter Agreement shall remain in effect until the earlier of (i) the date on which each of the amendments in Section 1.1,
and Section 1.2 have been executed or (ii) the termination of the GGA in accordance with its terms. 

 

Section
2.3            Governing Law; Jurisdiction.

 

(a)           This
Letter Agreement shall be governed by, construed, and enforced in accordance with the laws of the Commonwealth of Pennsylvania
without regard to choice of law principles.

 

(b)           The
Parties agree that the appropriate, exclusive and convenient forum for any disputes among any of the Parties arising out of this
Letter Agreement or the transactions contemplated hereby shall be in any state or federal court in the City of Pittsburgh and
County of Allegheny, Pennsylvania, and each of the Parties irrevocably submits to the jurisdiction of such courts solely in respect
of any proceeding arising out of or related to this Letter Agreement. The Parties further agree that the Parties shall not bring
suit with respect to any disputes arising out of this Letter Agreement or the transactions contemplated hereby in any court or
jurisdiction other than the above specified courts.

 

Section
2.4           Limitation of Liability.
NOTWITHSTANDING ANYTHING IN THIS LETTER AGREEMENT TO THE CONTRARY, NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIAL,
INDIRECT, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY DAMAGES SUFFERED BY SUCH PARTY RESULTING FROM OR ARISING OUT OF THIS LETTER AGREEMENT
OR THE BREACH THEREOF OR UNDER ANY OTHER THEORY OF LIABILITY, WHETHER TORT, NEGLIGENCE, STRICT LIABILITY, BREACH OF CONTRACT,
WARRANTY, INDEMNITY OR OTHERWISE, INCLUDING LOSS OF USE, INCREASED COST OF OPERATIONS, LOSS OF PROFIT OR REVENUE, OR BUSINESS
INTERRUPTIONS.

 

Section
2.5            Counterpart Execution.
This Letter Agreement may be executed in any number of counterparts, each of which shall be considered an original, and all of
which shall be considered one and the same instrument.

 

Section
2.6           Entire Agreement, Amendments and Waiver.
This Letter Agreement, including all exhibits hereto, integrates the entire understanding among the Parties with respect to the
subject matter covered and supersedes all prior understandings, drafts, discussions, or statements, whether oral or in writing,
expressed or implied, dealing with the same subject matter. This Letter Agreement may not be amended or modified in any manner
except by a written document signed by the Parties that expressly amends this Letter Agreement. No waiver by a Party of any of
the provisions of this Letter Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or
not similar), nor shall such waiver constitute a continuing waiver unless expressly provided. No waiver shall be effective unless
made in writing and signed by the Party to be charged with such waiver.

 

    3

     

    

 

Section
2.7            Exhibits.
All exhibits to this Letter Agreement are incorporated into this Letter Agreement as if set forth in full herein. 

 

Section
2.8            Miscellaneous Provisions.
The provisions of Article 18 of the GGA, other than Sections 18.2, 18.3, 18.7, 18.8, 18.15, 18.16 and 18.17, shall apply to this
Letter Agreement mutatis mutandis.

 

    4

     

    

 

IN WITNESS WHEREOF,
the Parties have executed this Letter Agreement as of the date first written above.

 

	 	EQT CORPORATION,
	 	a Pennsylvania corporation
	 	 
	 	By:	/s/ Toby Z. Rice
	 	Name:	Toby Z. Rice
	 	Title:	President and Chief Executive Officer

 

Credit Letter Agreement Signature Page

 

    

     

    

 

	 	EQM Midstream Partners, LP

    a Delaware limited partnership
	 	 
	 	By: EQGP Services, LLC, its general partner
	 	 
	 	By:	/s/ Kirk R. Oliver
	 	Name:	Kirk R. Oliver
	 	Title:	Senior Vice President and Chief Financial Officer

 

Credit Letter Agreement Signature Page

 

    

     

    

 

EXHIBIT A-1

 

EQM
Controlled Agreements

 

	Contract Id	Type	Effective Date	System	EQT Entity	Authority for
 Requesting
 Further Credit
 Support
	LCW1011 (651)	FTS	01/12/12	Sunrise	EQT Energy LLC (guarantor:  EQT Corp)	Credit Agreement 10/1/2011 §3 Tariff §6.27 [3(c)] (as to notice)
	LCW1043 (1296)	FTS	10/1/16	OVC	EQT Energy LLC (guarantor:  EQT Corp)	Credit Agreement 7/23/14 §3 Tariff §6.27 [3(c)] (as to notice)
	CW2247445 (1462)	FTS	11/1/18	Redhook	EQT Energy LLC (guarantor:  EQT Corp)	Credit Agreement 10/26/15 §3 Tariff §6.27 [3(c)] (as to notice)
	CW2254833 (9707)	GGA	2/1/2018	Hammerhead	EQT Energy, LLC	Article 9
	10025	GGA	11/19/2008	Equitrans Gathering	EQT Energy, LLC	Article XV
	EQM Gathering OPCO WSA State Gamelands (CW2269115)	WSA	12/10/2018	Southwestern Pennsylvania Water Authority	EQT Production Company	Section 12.5
	EQM Gathering WSA Kevech Smith Haywood (LCW9510)	WSA	12/3/2018	Washington and Greene Counties	EQT Production Company	Section 13
	EQM Gathering OPCO WSA Steelhead (CW2269117)	WSA	12/3/2018	Southwestern Pennsylvania Water Authority	EQT Production Company	Section 12.5
	EQM Gathering OPCO WSA Claysville (CW2262396)	WSA	7/13/2018	Southwestern Pennsylvania Water Authority	EQT Production Company	Section 12.5

 

    

     

    

 

EXHIBIT A-2

 

JV
Agreements

 

	Contract Id	Type	Effective Date	System	EQT Entity	Authority for

 Requesting

 Further Credit

 Support
	
        CW2246988 (9705G)
	GGA	2/12/2018	Marianna	EQT Energy LLC & EQT Production Company	Article 9
	CW2274905 (9737G)	GGA	2/17/2012	Eureka	
        EQT Production

        Company
	Section 13.1
	
        SEIF/US Energy GGA

        (9718R)
	GGA	11/25/2015	Whipkey	Rice Drilling B LLC	Section 13.6

 

    

     

    

 

EXHIBIT B

 

Guarantees

 

Guaranty of EQT Corporation for Transmission
Services, dated as of July 19, 2019, made by EQT Corporation in favor of Equitrans, L.P., as amended by Guaranty Amendment No.
1, dated January 17, 2020

 

Guaranty of EQT Corporation for Gathering
Services, dated as of July 19, 2019, made by EQT Corporation in favor of EQM Gathering Holdings, LLC and its Subsidiaries (as defined
therein) and Equitrans, L.P.

 

Guaranty of EQT Corporation for Water Services,
dated as of July 19, 2019, made by EQT Corporation in favor of EQM Gathering Holdings, LLC and its Subsidiaries (as defined therein)

 

Guaranty, dated as of June 13, 2017, made
by EQT Corporation in favor of Mountain Valley Pipeline, LLC

 

    

     

    

 

EXHIBIT C

 

MVP FORM AMENDMENT

 

[see attached]

 

     

     

    

 

[***]Exhibit 10.44

 

Certain personally identifiable information contained in this
document, marked by brackets as [***], has been omitted from this exhibit pursuant to Item 601(a)(6) under Regulation S-K.

 

CONFIDENTIALITY, NON-SOLICITATION and

CHANGE OF CONTROL AGREEMENT

 

This Confidentiality, Non-Solicitation and
Change of Control Agreement (“Agreement”) is made effective as of March 31, 2020, by and between Equitrans Midstream
Corporation, a Pennsylvania corporation (Equitrans Midstream Corporation and its subsidiary companies are hereinafter collectively
referred to as the “Company”), and Brian P Pietrandrea (the “Employee”).

 

WITNESSETH:

 

WHEREAS, the parties intend that
this Agreement supersede in its entirety the Confidentiality, Non-Solicitation and Non-Competition Agreement between Company and
the Employee dated March 7, 2013, as amended through the date hereof and all prior versions thereof (the “Non-Competition
Agreement”);

 

WHEREAS, in order to protect the
business, goodwill and confidential information of the Company, the Company desires to obtain or continue to obtain certain confidentiality
and non-solicitation covenants from the Employee and the Employee desires to agree to such covenants in exchange for, among other
things, the Company’s promise herein to pay certain severance benefits to the Employee subject to the provisions of Section
2 below; and

 

WHEREAS, in order to accomplish the
foregoing objectives, the Company and the Employee desire to enter into this Agreement which, among other things, reflects the
parties’ best efforts to comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended
(the “Code”), to the benefit of the Employee.

 

NOW, THEREFORE, in consideration
of the promises and the mutual covenants and agreements contained herein, and intending to be legally bound hereby, the parties
hereto agree as follows:

 

1.             Confidentiality
of Information and Nondisclosure. The Employee acknowledges and agrees that his/her employment by the Company necessarily involves
his/her knowledge of and access to confidential and proprietary information pertaining to the business of the Company. Accordingly,
the Employee agrees that at all times during the term of this Agreement and for as long as the information remains confidential
after the termination of the Employee's employment, he/she will not, directly or indirectly, without the express written authority
of the Company, unless directed by applicable legal authority having jurisdiction over the Employee, disclose to or use, or knowingly
permit to be so disclosed or used, for the benefit of himself/herself, any person, corporation or other entity other than the Company,
(a) any information concerning any financial matters, employees of the Company, customer relationships, competitive status, supplier
matters, internal organizational matters, current or future plans, or other business affairs of or relating to the Company, (b)
any management, operational, trade, technical or other secrets or any other proprietary information or other data of the Company,
or (c) any other information related to the Company which has not been published and is not generally known outside of the Company.
The Employee acknowledges that all of the foregoing, constitutes confidential and proprietary information, which is the exclusive
property of the Company.

 

    1 

     

    

 

Nothing in this Agreement prohibits the
Employee from: (a) reporting possible violations of federal, state, or local law or regulation to any governmental agency or entity,
or from making other disclosures (including of confidential information) that are protected under the whistleblower provisions
of federal, state, or local law or regulation; or (b) disclosing trade secrets when the disclosure is solely for the purpose of:
(i) reporting possible violations of federal, state, or local law or regulation to any governmental agency or entity; (ii) working
with legal counsel in order to determine whether possible violations of federal, state, or local law or regulation exist; or (iii)
filing a complaint or other document in a lawsuit or other proceeding, if such filing is made under seal. Any disclosures of trade
secrets must be consistent with 18 U.S.C. §1833.

 

2.             Enhanced
Severance Benefits Related to Change of Control. In lieu of any payments and/or benefits to which the Employee may be entitled
under the Company’s Severance Pay Plan, as amended from time to time, the Company will provide the Employee the following
Enhanced Severance Benefits (as defined below) subject to the terms of this Section if there is a Change of Control (as defined
below) and, either: the Company terminates the Employee’s employment other than for Cause (as defined below) within 24 months
following the date of such Change of Control; or the Employee terminates his/her employment for Good Reason (as defined below)
following the date of such Change of Control.

 

a.             For
purposes of this Section, “Enhanced Severance Benefits” include:

 

		i.	A lump sum payment in an amount equal to twelve (12) months of the Employee’s base salary at the higher of the rate of
salary in effect at the time of such termination or the rate of salary in effect immediately prior to the date of the Change of
Control;

 

		ii.	A lump sum payment in the amount of fifteen thousand dollars $15,0000; and

 

		iii.	A lump sum payment equal to the product of (i) twelve (12) and (ii) 100% of the then-current Consolidated Omnibus Budget Reconciliation
Act of 1985 monthly rate for family coverage.

 

b.             The
Company’s obligation to provide Enhanced Severance Benefits shall be contingent upon:

 

		i.	The Employee’s execution of a release of clams in a form acceptable to the Company; and

 

		ii.	The Employee’s compliance with his/her obligations hereunder, including but not limited to the obligations set forth
in Sections 1 and 3.

 

c.             All
Enhanced Severance Benefits payable to the Employee pursuant to this Section shall be made in a lump sum within 60 days following
the Employee’s execution and delivery to the Company of the release identified in Subsection (b)(i) above. The payments provided
under this Section 2 shall be subject to applicable tax and payroll withholdings. Notwithstanding the foregoing, in the event
the 60 day period described in this Subsection (c) causes the lump sum payment to become payable after March 15 of the year following
the year in which the Employee’s employment was terminated, the payment date shall be accelerated and the lump sum payment
shall occur on or before March 15 of the year following the year in which the Employee’s employment was terminated.

 

    2 

     

    

 

d.             For
purposes of this Agreement, “Change of Control” shall mean any of the following events:

 

		i.	The sale or other disposition by the Company of all or substantially all of its assets to a single purchaser or to a group
of purchasers, other than to a corporation with respect to which, following such sale or disposition, more than eighty percent
(80%) of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting
securities entitled to vote generally in the election of the Company’s Board of Directors is then owned beneficially, directly
or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the
outstanding common stock and the combined voting power of the then outstanding voting securities immediately prior to such sale
or disposition in substantially the same proportion as their ownership of the outstanding common stock and voting power immediately
prior to such sale or disposition;

 

		ii.	The acquisition in one (1) or more transactions by any person or group, directly or indirectly, of beneficial ownership of
thirty percent (30%) or more of the outstanding shares of common stock or the combined voting power of the then outstanding voting
securities of the Company entitled to vote generally in the election of the Company’s Board of Directors; provided, however,
that the following shall not constitute a Change of Control: (A) any acquisition by the Company or any of its subsidiaries, or
any employee benefit plan (or related trust) sponsored or maintained by the Company or any of its subsidiaries and (B) an acquisition
by any person or group of persons of not more than forty percent (40%) of the outstanding Shares or the combined voting power of
the then outstanding voting securities of the Company if such acquisition resulted from the issuance of capital stock by the Company
and the issuance and the acquiring person or group was approved in advance of such issuance by at least two-thirds (2/3) of the
Continuing Directors (as defined below) then in office;

 

		iii.	The Company’s termination of its business and liquidation of its assets;

 

		iv.	There is consummated a merger, consolidation, reorganization, share exchange or similar transaction involving the Company (including
a triangular merger), in any case, unless immediately following such transaction: (A) all or substantially all of the persons who
were the beneficial owners of the outstanding common stock and outstanding voting securities of the Company immediately prior to
the transaction beneficially own, directly or indirectly, more than fifty percent (50%) of the outstanding shares of common stock
and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors
of the corporation resulting from such transaction (including a corporation or other person which as a result of such transaction
owns the Company or all or substantially all of the Company’s assets through one (1) or more subsidiaries (a “Parent
Company”)) in substantially the same proportion as their ownership of the common stock and other voting securities of the
Company immediately prior to the consummation of the transaction, (B) no person (other than (1) the Company, any employee benefit
plan sponsored or maintained by the Company or, if reference was made to equity ownership of any Parent Company for purposes of
determining whether the foregoing clause (A) is satisfied in connection with the transaction, such Parent Company, or (2) any person
or group that satisfied the requirements of the foregoing subsection (ii)(B)) beneficially owns, directly or indirectly, thirty
percent (30%) or more of the outstanding shares of common stock the combined voting power of the voting securities entitled to
vote generally in the election of directors of the corporation resulting from such transaction and (C) individuals who were members
of the Company’s Board of Directors immediately prior to the consummation of the transaction constitute at least a majority
of the members of the board of directors resulting from such transaction (or, if reference was made to equity ownership of any
Parent Company for purposes of determining whether the foregoing clause (A) is satisfied in connection with the transaction, such
Parent Company); or

 

    3 

     

    

 

		v.	The following individuals (sometimes referred to herein as “Continuing Directors”) cease for any reason to constitute
a majority of the number of directors then serving: individuals who, on the date hereof, constitute the entire Board of Directors
and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election
contest, including but not limited to a consent solicitation, relating to the election of directors of the Company) whose appointment
or election by the Company’s Board of Directors or nomination for election by the Company’s shareholders was approved
by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors on the date hereof or whose
appointment, election or nomination for election was previously so approved.

 

The foregoing shall be construed and
interpreted in a manner that is compliant with Section 409A of the Code.

 

Notwithstanding the foregoing,
the consummation of the transactions contemplated by (i) the Agreement and Plan of Merger, dated as of February 26, 2020, by and
among the Company, EQM LP Corporation, LS Merger Sub, LLC, EQM Midstream Partners, LP (the “Partnership”), and EQGP
Services, LLC and (ii) the Preferred Restructuring Agreement, dated as of February 26, 2020, by and among the Company, the Partnership,
and the investors set forth on Schedule I thereto, will not constitute a Change of Control.

 

e.             Solely
for purposes of this Agreement, “Cause” shall include: (i) the Employee’s conviction of a felony, a crime
of moral turpitude or fraud or the Employee having committed fraud, misappropriation or embezzlement in connection with the performance
of the Employee’s duties; (ii) the Employee’s willful and repeated failures to substantially perform assigned
duties; or (iii) the Employee’s violation of any provision of this Agreement or express significant policies of the
Company. If the Company terminates the Employee’s employment for Cause, the Company shall give the Employee written notice
setting forth the reason for the Employee’s termination not later than 30 days after such termination.

 

f.              Solely
for purposes of this Agreement, “Good Reason” shall mean the Employee’s resignation within 90 days after (but
in all cases prior to the second anniversary of such Change of Control): (i) a reduction in the Employee’s base salary of
10% or more (unless the reduction is applicable to all similarly situated employees); (ii) a reduction in the Employee’s
annual short-term bonus target by the greater of (A) 10 percent and (B) 5 percentage points of the Employee’s target bonus
percentage, unless the reduction is applicable to all similarly situated employees; (iii) a significant diminution in the Employee’s
job responsibilities, duties or authority; (iv) a change in the geographic location of the Employee’s primary reporting location
of more than 50 miles; and/or (v) any other action or inaction that constitutes a material breach by the Company of any written
employment-related agreement between the Employee and the Company, including this Agreement. 

 

    4 

     

    

 

A termination by the Employee shall not constitute
termination for Good Reason unless the Employee first delivers to the General Counsel of the Company written notice: (i) stating
that the Employee intends to resign for Good Reason pursuant to this Agreement; and (ii) setting forth with specificity the occurrence
deemed to give rise to a right to terminate for Good Reason (which notice must be given no later than 90 days after the initial
occurrence of such event).  The Company shall have a reasonable period of time (not less than 30 days) to take action to correct,
rescind or substantially reverse the occurrence supporting termination for Good Reason as identified by the Employee.  Failure
by the Company to act or respond to the written notice shall not be deemed to be an admission that Good Reason exists. 

 

3.             Non-Solicitation.
In consideration for the benefits described in Section 2 hereof and the rescission of the Non-Competition Agreement, the Employee
agrees:

 

a.             While
the Employee is employed by the Company and for a period of twelve (12) months after the date of the Employee’s termination
of employment with the Company for any reason, the Employee shall not (directly or indirectly) on his/her own behalf or on behalf
of any other person or entity solicit or induce, or cause any other person or entity to solicit or induce, or attempt to solicit
or induce, any employee, consultant, vendor or independent contractor to leave the employ of or engagement by the Company or its
successors, assigns or affiliates, or to violate the terms of their contracts with the Company.

 

b.             For
a period of twelve (12) months following the termination of the Employee's employment with the Company for any reason, including
without limitation termination for Cause or without Cause, the Employee shall not, directly or indirectly, solicit the business
of, or do business with:

 

		i.	any customer that the Employee approached, solicited or accepted business from on behalf of the Company, and/or was provided
confidential or proprietary information about while employed by the Company within the one (1) year period preceding the Employee's
separation from the Company; and

 

		ii.	any prospective customer of the Company who was identified to or by the Employee and/or who the Employee was provided confidential
or proprietary information about while employed by the Company within the one (1) year period preceding the Employee's separation
from the Company, for purposes of marketing, selling and/or attempting to market or sell products and services which are the same
as or similar to any product or service the Company offers within the last two (2) years prior to the end of the Employee's employment
with the Company, and/or, which are the same as or similar to any product or service the Company has in process over the last two
(2) years prior to the end of the Employee's employment with the Company to be offered in the future.

 

4.             Severability.
The provisions of this Agreement are severable. To the extent that any provision of this Agreement is deemed unenforceable in any
court of law, the parties intend that such provision be construed by such court in a manner to make it enforceable and the validity,
legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

5.             Reasonable
and Necessary Agreement. The Employee acknowledges and agrees that: (a) this Agreement is necessary for the protection of the
legitimate business interests of the Company; (b) the restrictions contained in this Agreement are reasonable; (c) the Employee
will be fully able to earn an adequate livelihood for the Employee and the Employee’s dependents if the non-solicitation
provisions contained in this Agreement are enforced against the Employee; and (d) the Employee has received adequate and valuable
consideration for entering into this Agreement.

 

    5 

     

    

 

6.             Injunctive
Relief and Attorneys’ Fees. The Employee stipulates and agrees that any breach of this Agreement by the Employee will
result in immediate and irreparable harm to the Company, the amount of which will be extremely difficult to ascertain, and that
the Company could not be reasonably or adequately compensated by damages in an action at law. For these reasons, the Company shall
have the right, without objection from the Employee, to obtain such preliminary, temporary or permanent mandatory or restraining
injunctions, orders or decrees as may be necessary to protect the Company against, or on account of, any breach by the Employee
of Sections 1 or 3 hereof. In the event the Company obtains any such injunction, order, decree or other relief, in law or
in equity: (a) the Employee shall be responsible for reimbursing the Company for all costs associated with obtaining the relief,
including reasonable attorneys’ fees and expenses and costs of suit; and (b) the duration of any violations of Sections 1
and 3 shall be added to the twelve (12) months restricted period specified in Section 3. Such right to equitable relief is in addition
to the remedies the Company may have to protect its rights at law, in equity or otherwise.

 

7.             Binding
Agreement. This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the Company.

 

8.             Governing
Law/Consent to Jurisdiction and Venue. This Agreement shall be governed by and construed in accordance with the laws of the
Commonwealth of Pennsylvania. For the purpose of any suit, action or proceeding arising out of or relating to this Agreement, the
Employee irrevocably consents and submits to the jurisdiction and venue of any state or federal court located in Allegheny County,
Pennsylvania. The Employee agrees that service of the summons and complaint and all other process which may be served in any such
suit, action or proceeding may be effected by mailing by registered mail a copy of such process to the Employee at the address
set forth below (or such other address as the Employee shall provide to the Company in writing). The Employee irrevocably waives
any objection which he/she may now have or hereafter has to the venue of any such suit, action or proceeding brought in such court
and any claim that such suit, action or proceeding brought in such court has been brought in an inconvenient forum and agrees that
service of process in accordance with this Section will be deemed in every respect effective and valid personal service of process
upon the Employee. Nothing in this Agreement will be construed to prohibit service of process by any other method permitted by
law. The provisions of this Section will not limit or otherwise affect the right of the Company to institute and conduct an action
in any other appropriate manner, jurisdiction or court. The Employee agrees that final judgment in such suit, action or proceeding
will be conclusive and may be enforced in any other jurisdiction by suit on the judgment or in any other manner provided by law.

 

9.             Employment
at Will. The Employee acknowledges that he/she is employed at-will and for no definite term. This means that either party may
terminate the employment relationship at any time for any or no reason.

 

10.            Arbitration
of Employment Claims. In the event that the Employee does not execute a release of all claims pursuant to Section 2(b) above,
any dispute arising out of or relating to the Employee’s employment or termination of employment with the Company shall be
resolved by the sole and exclusive means of binding arbitration in accordance with the terms of the Company’s Alternative
Dispute Resolution Program Policy (the “ADR Program”). Consistent with the provisions of the ADR Program, the parties
further agree that any dispute arising out of or relating to their obligations under this Agreement itself, including but not limited
to the Company’s obligations under Section 2 and the Employee’s obligations under Sections 1 and 3 above, shall not
be subject to binding arbitration under the ADR Program.

 

    6 

     

    

 

11.           Internal
Revenue Code Section 409A.

 

a.             General.
This Agreement shall be interpreted and administered in a manner so that any amount or benefit payable hereunder shall be paid
or provided in a manner that is either exempt from or compliant with the requirements of Section 409A of the Code and applicable
Internal Revenue Service guidance and Treasury Regulations issued thereunder. Nevertheless, the tax treatment of the benefits provided
under the Agreement is not warranted or guaranteed. Neither the Company nor its directors, officers, employees or advisers shall
be held liable for any taxes, interest, penalties or other monetary amounts owed by the Employee as a result of the application
of Section 409A of the Code.

 

b.             Separation
from Service. For purposes of the Agreement, the term “termination,” when used in the context of a condition to,
or the timing of, a payment hereunder, shall be interpreted to mean a “separation from service” as such term is used
in Section 409A of the Code.

 

c.             Six-Month
Delay in Certain Circumstances. Notwithstanding anything in this Agreement to the contrary, if any amount or benefit that would
constitute non-exempt “deferred compensation” for purposes of Section 409A of the Code (“Non-Exempt Deferred
Compensation”) would otherwise be payable or distributable under this Agreement by reason of the Employee’s separation
from service during a period in which the Employee is a Specified Employee (as defined below), then, subject to any permissible
acceleration of payment by the Company under Treas. Reg. Section 1.409A-3(j)(4)(ii) (domestic relations order), (j)(4)(iii) (conflicts
of interest), or (j)(4)(vi) (payment of employment taxes):

 

		i.	the amount of such Non-Exempt Deferred Compensation that would otherwise be payable during the six-month period immediately
following the Employee’s separation from service will be accumulated through and paid or provided on the first day of the
seventh month following the Employee’s separation from service (or, if the Employee dies during such period, within 30 days
after the Employee’s death) (in either case, the “Required Delay Period”); and

 

		ii.	the normal payment or distribution schedule for any remaining payments or distributions will resume at the end of the Required
Delay Period.

 

For purposes of this Agreement, the term “Specified
Employee” has the meaning given such term in Code Section 409A and the final regulations thereunder.

 

d.             Timing
of Release of Claims. Whenever in this Agreement a payment or benefit is conditioned on the Employee’s execution of a
release of claims, such release must be executed and all revocation periods shall have expired within 60 days after the date of
termination; failing which such payment or benefit shall be forfeited. If such payment or benefit constitutes Non-Exempt Deferred
Compensation, and if such 60-day period begins in one calendar year and ends in the next calendar year, the payment or benefit
shall not be made or commence before the second such calendar year, even if the release becomes irrevocable in the first such calendar
year. In other words, the Employee is not permitted to influence the calendar year of payment based on the timing of his/her signing
of the release.

 

    7 

     

    

 

12.           Entire
Agreement. This Agreement contains the entire agreement between the parties hereto with respect to the subject matter hereof
and supersedes all prior agreements and understandings, oral or written, including, for the avoidance of doubt, the Non-Competition
Agreement. This Agreement may not be changed, amended, or modified, except by a written instrument signed by the parties; provided,
however, that the Company may amend this Agreement from time to time without the Employee’s consent to the extent deemed
necessary or appropriate, in its sole discretion, to effect compliance with Section 409A of the Code, including regulations and
interpretations thereunder, which amendments may result in a reduction of benefits provided hereunder and/or other unfavorable
changes to the Employee.

 

IN WITNESS WHEREOF, the Company has
caused this Agreement to be executed by its officers thereunto duly authorized, and the Employee has hereunto set his hand, all
as of the day and year first above written.

 

	EQUITRANS MIDSTREAM CORPORATION	 	EMPLOYEE:
	 	 	 
	 	 	 
	By: 	/s/ Anne M. Naqi	 	/s/ Brian P. Pietrandrea
	 	(Signature)	 	(Signature)
	 	 	 
	 	 	Address:
	 	 	 
	 	 	[***]
	 	 	 
	 	 	
	 	 	 

 

    8

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