Document:

Fourth Amendment to Amended and Restated Credit Agreement

 Exhibit 10.1 
 FOURTH AMENDMENT TO 
 AMENDED AND RESTATED CREDIT AGREEMENT 
 THIS FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (the “Fourth Amendment”) is dated as of September 7, 2007 and is
made by and among PENN VIRGINIA OPERATING CO., LLC, a Delaware limited liability company (the “Borrower”), the GUARANTORS (individually a “Guarantor” and collectively, the
“Guarantors”), the FINANCIAL INSTITUTIONS PARTY HERETO (individually a “Lender” and collectively, the “Lenders”), and PNC BANK, NATIONAL ASSOCIATION, as agent for the Lenders (the
“Agent”). 
 RECITALS: 
 WHEREAS, the Borrower, the Guarantors (as defined therein), the Lenders (as defined therein), and the Agent are parties to that certain Amended and Restated Credit Agreement, dated as of March 3, 2005, as amended
by that certain First Amendment, Waiver, and Consent to Amended and Restated Credit Agreement, dated as of July 15, 2005, that certain Second Amendment to Amended and Restated Credit Agreement dated as of August 22, 2006 and effective as
of August 15, 2006 and that certain Third Amendment to Amended and Restated Credit Agreement dated as of December 11, 2006 (as amended, the “Credit Agreement”; unless otherwise defined herein, capitalized terms used herein
shall have the meanings given to them in the Credit Agreement); 
 WHEREAS, the parties hereto desire to amend the Credit Agreement as
hereinafter provided. 
 NOW, THEREFORE, in consideration of the foregoing and intending to be legally bound, and incorporating the
above-defined terms herein, the parties hereto agree as follows: 
 1. Recitals. The foregoing recitals are true and correct and
incorporated herein by reference. 
 2. Amendment to Credit Agreement. 
 (a) Definitions. The following new definition is hereby inserted in Section 1.1 of the Credit Agreement in alphabetical order: 
 “Fourth Amendment Effective Date means September 7, 2007.” 
 (b) Increase of Revolving Credit Commitments. 
 (i) Subject to satisfaction of the conditions set forth in Section 3 below, on the Fourth Amendment Effective Date, the Borrower, the Agent and the Lenders hereby increase the Revolving Credit Commitments from
$300,000,000 to $450,000,000 so that after giving effect to such increase, each Lender has the Revolving Credit Commitment as 

 
set forth opposite such Lender’s name on the amended and restated Schedule 1.1(B) attached to this Fourth Amendment. 
 (ii) On the Fourth Amendment Effective Date, the Borrower shall repay all Revolving Credit Loans outstanding along with any and all
accrued interest and fees on the Fourth Amendment Effective Date, subject to the Borrower’s indemnity obligations under Section 5.6.2 [Indemnity] of the Credit Agreement provided that the Borrower may borrow new Revolving Credit Loans with
a Borrowing Date on the Fourth Amendment Effective Date. Each of the Lenders shall participate in any new Loans made on or after the Fourth Amendment Effective Date in accordance with their respective Ratable Shares after giving effect to the
increase in Revolving Credit Commitments contemplated by this Fourth Amendment. 
 (iii) On the Fourth Amendment Effective
Date and after giving effect to the increase in the Revolving Credit Commitments pursuant hereto, each Lender (a) will be deemed to have purchased a participation in each then outstanding Letter of Credit equal to its Ratable Share of each such
Letter of Credit and the participation of each other Lender in each such Letter of Credit shall be adjusted accordingly; and (b) will acquire, (and will pay to the Agent, for the account of each Lender, in immediately available funds, an amount
equal to) its Ratable Share of all outstanding Participation Advances. 
 (c) Loans, Acquisitions and Investments. Clause
(iii) of Section 2.10.1 [Increasing Lenders and New Lenders] of the Credit Agreement is hereby amended and restated as follows: 
 (iii) Increase in Revolving Credit Commitments. The increase in the Revolving Credit Commitments made pursuant to this Section shall be $150,000,000 in the aggregate. 
 (d) Continuation of or Change in Business; Parent Holding Company Status. Section 8.2.10 [Continuation of or Change in Business; Parent
Holding Company Status] is hereby amended and restated to read as follows: 
 “8.2.10 Continuation of or Change in Business; Parent
Holding Company Status. 
 Each of the Loan Parties (other than the Parent) shall not, and shall not permit any of its Subsidiaries to,
engage in any business other than coal leasing, coal infrastructure (including coal loading and coal handling), midstream businesses relating to coal and hydrocarbons (including the managing of coal properties in the United States and the
transportation of crude oil and liquid and gaseous hydrocarbons in the United States) and businesses relating to the managing and harvesting of timberland. The Parent may not engage in any business and may not have any assets or liabilities other
than those resulting from its ownership of the Borrower.” 
  

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 (e) Annual Financial Statements. Section 8.3.3 [Annual Financial Statements] of the Credit
Agreement is hereby amended and restated as follows: 
 “8.3.3 Annual Financial Statements. 
 As soon as available and in any event within ninety (90) days after the end of each fiscal year of the Borrower, financial statements of the Parent
and its Subsidiaries consisting of a consolidated and consolidating balance sheet as of the end of such fiscal year, and related consolidated and consolidating statements of income, stockholders’ equity and cash flows for the fiscal year then
ended, all in reasonable detail and setting forth in comparative form the financial statements as of the end of and for the preceding fiscal year, and with respect to such consolidated financial statements, certified by independent certified public
accountants of nationally recognized standing satisfactory to the Agent. The certificate or report of accountants shall be free of qualifications (other than any consistency qualification that may result from a change in the method used to prepare
the financial statements as to which such accountants concur) and shall not indicate the occurrence or existence of any event, condition or contingency which would materially impair the prospect of payment or performance of any covenant, agreement
or duty of any Loan Party under any of the Loan Documents.” 
 (f) Schedules. In order to reflect the increases in the Revolving
Credit Commitments Schedule 1.1(B) [Commitments of Lenders and Addresses for Notices to Lenders] shall be amended and restated to read as set forth on the Schedules attached to this Amendment bearing such name and numerical reference.

 3. Conditions to Effectiveness. This Fourth Amendment shall become effective upon satisfaction of each of the following conditions
being satisfied to the satisfaction of the Agent (the “Fourth Amendment Effective Date”): 
 (a) Execution and Delivery
of Fourth Amendment. The Borrower, the Guarantors, each of the Lenders, and the Agent shall have executed those Loan Documents to which it is a party, and all other documentation necessary for effectiveness of this Amendment shall have been
executed and delivered all to the satisfaction of the Borrower, the Lenders and the Agent. 
 (b) Notes. The Borrower shall have
executed and delivered to each of the Lenders whose Revolving Credit Commitment is increasing new Revolving Credit Notes, reflecting the amount of each such Lender’s Revolving Credit Commitments as so increased. 
 (c) Amendment to Guaranty. Each of the Guarantors shall have executed an amendment to Guarantee Agreement in form of Exhibit A attached
hereto. 
 (d) Organization, Authorization and Incumbency. There shall be delivered to the Agent for the benefit of each Lender a
certificate, dated as of the Fourth Amendment Effective Date and signed by the Secretary or an Assistant Secretary of the each Loan Party, certifying as appropriate as to: 
  

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 (i) all action taken by such party in connection with this Fourth Amendment and the other
Loan Documents together with resolutions of the general partner of the Parent of each Loan Party evidencing same; 
 (ii) the
names of the officer or officers authorized to sign this Fourth Amendment and the other documents executed and delivered in connection herewith and the true signatures of such officer or officers and specifying the Authorized Officers permitted to
act on behalf of the Loan Parties for purposes of the Loan Documents and the true signatures of such officers, on which the Agent and each Lender may conclusively rely; and 
 (iii) copies of its organizational documents, including its certificate of incorporation, bylaws, certificate of limited partnership,
partnership agreement, certificate of formation and limited liability company agreement, in each case as in effect on the Fourth Amendment Effective Date, certified by the appropriate state official where such documents are filed in a state office
together with certificates from the appropriate state officials as to the continued existence and good standing of the Borrower in each state where organized or qualified to do business, provided, however, that the Loan Parties may, in lieu of
delivering copies of the foregoing organizational documents and good standing certificates, certify that the organizational documents and good standing certificates previously delivered by the Loan Parties to the Agent remain in full force and
effect and have not been modified, amended, or rescinded. 
 (e) Opinion of Counsel. The Borrower shall cause to be delivered to the
Agent an opinion of counsel of the Borrower with respect to this Fourth Amendment in such form as shall be acceptable to the Agent. 
 (f)
Material Adverse Change. Each of the Loan Parties represents and warrants to the Agent and the Lenders that, by its execution and delivery hereof to the Agent, after giving effect to this Fourth Amendment, no Material Adverse Change shall
have occurred with respect to the Borrower or any of the Loan Parties since the Closing Date of the Credit Agreement. 
 (g)
Litigation. Each of the Loan Parties represents and warrants to the Agent and the Lenders that, by its execution and delivery hereof to the Agent, after giving effect to this Fourth Amendment, there are no actions, suits, investigations,
litigation or governmental proceedings pending or, to the Loans Parties’ knowledge, threatened against any of the Loan Parties that could reasonably be expected to result in a Material Adverse Change. 
 (h) Officer’s Certificate. There shall be delivered to the Agent a certificate of the Loan Parties, dated the Fourth Amendment closing date
and signed by the Chief Executive Officer, President, Vice President or Chief Financial Officer of each Loan Party, certifying that: (i) the representations and warranties of the Borrower contained in Article 6 of the Credit Agreement shall be
true and accurate on and as of the Fourth Amendment closing date with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which relate solely to an earlier date or
time, which representations and warranties shall be true and correct on and as of the specific dates or times 

  

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referred to therein); (2) the Loan Parties shall have performed and complied with all covenants and conditions of the Credit Agreement and this Fourth
Amendment; (3) no Event of Default or Potential Default under the Credit Agreement shall have occurred and be continuing or shall exist and (4) no Material Adverse Change has occurred with respect to any Loan Party since March 3,
2005. 
 (i) Representations and Warranties; No Event of Default. The representations and warranties set forth in the Credit Agreement
and this Fourth Amendment shall be true and correct on and as of the Fourth Amendment Effective Date with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which
relate solely to an earlier date or time, which representations and warranties shall be true and correct on and as of the specific dates or times referred to therein), and no Potential Default or Event of Default shall exist and be continuing under
the Credit Agreement or under any other Material Contract, as of the Fourth Amendment Effective Date. 
 (j) Note Purchase Agreement.
No “Default” or “Event of Default” (as such terms are defined in the Note Purchase Agreement) is in existence or has occurred and is continuing under the Note Purchase Agreement after giving effect to the amendments set forth in
the Fourth Amendment. 
 (k) Consents and Approvals. No consent, approval, exemption, order or authorization of, or a registration or
filing with, any Official Body or any other Person is required by any Law or any agreement in connection with the execution, delivery and carrying out of this Fourth Amendment by any Loan Party other than such consents, approvals, exemptions, orders
or authorizations that have already been obtained. 
 (l) Amendment Fee. The Borrower shall have paid to the Agent (i) any fees
as set forth in a the Agent’s Fee Letter by and between the Borrower and the Agent dated September 7, 2007 and (ii) the reasonable costs and expenses of the Agent including, without limitation, reasonable fees of the Agent’s
counsel in connection with this Amendment. 
 4. Miscellaneous. 
 (a) Representations and Warranties. By its execution and delivery hereof to the Agent, each of the Loan Parties represents and warrants to the
Agent and the Lenders that (i) such Loan Party has duly authorized, executed and delivered this Fourth Amendment, and (ii) no “Default” or “Event of Default” (as such terms are defined in the Note Purchase Agreement)
shall have occurred and be continuing under the Note Purchase Agreement after giving effect to the amendments set forth in the Fourth Amendment. 
 (b) Full Force and Effect. All provisions of the Credit Agreement remain in full force and effect on and after the Fourth Amendment Effective Date and the date hereof except as expressly amended hereby. The parties do not amend any
provisions of the Credit Agreement except as expressly amended hereby. 
  

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 (c) Counterparts. This Fourth Amendment may be signed in counterparts (by facsimile transmission
or otherwise) but all of which together shall constitute one and the same instrument. 
 (d) Incorporation into Credit Agreement. This
Fourth Amendment shall be incorporated into the Credit Agreement by this reference. All representations, warranties, Events of Default and covenants set forth herein shall be a part of the Credit Agreement as if originally contained therein.

 (e) Governing Law. This Fourth Amendment and the rights and obligations of the parties hereunder shall be governed by, and
construed in accordance with, the laws of the Commonwealth of Pennsylvania without regard to its conflict of laws principles. 
 (f)
Payment of Fees and Expenses. The Borrower unconditionally agrees to pay and reimburse the Agent and save the Agent harmless against liability for the payment of all out-of-pocket costs, expenses and disbursements, including without
limitation, to the Agent for itself the reasonable costs and expenses of the Agent including, without limitation, the reasonable fees and expenses of counsel incurred by the Agent in connection with the development, preparation, execution,
administration, interpretation or performance of this Fourth Amendment and all other documents or instruments to be delivered in connection herewith. 
 (g) No Novation. Except as amended hereby, all of the terms and conditions of the Credit Agreement and the other Loan Documents shall remain in full force and effect. Borrower, the Guarantors, each Lender, and
the Agent acknowledge and agree that this Fourth Amendment is not intended to constitute, nor does it constitute, a novation, interruption, suspension of continuity, satisfaction, discharge or termination of the obligations, loans, liabilities, or
indebtedness under the Credit Agreement or the other Loan Documents. 
 [SIGNATURE PAGES FOLLOW] 
  

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 [SIGNATURE PAGE TO PENN VIRGINIA OPERATING CO., LLC 
 FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT] 
 IN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly authorized, have executed this Fourth Amendment as of the day and year first above written. 
  

					
	BORROWER
	
	PENN VIRGINIA OPERATING CO., LLC
			
	By:	 	/s/ Frank A. Pici	 	(SEAL)
	Name:	 	Frank A. Pici	 	
	Title:	 	Vice President and Chief Financial Officer

 [SIGNATURE PAGE TO PENN VIRGINIA OPERATING CO., LLC 
 FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

							
	GUARANTORS :
	
	PENN VIRGINIA RESOURCE PARTNERS, L.P.
		 	By:	 	Penn Virginia Resource GP, LLC, its sole general partner
	CONNECT ENERGY SERVICES, LLC
	CONNECT GAS GATHERING, LLC
	CONNECT GAS PIPELINE LLC
	CONNECT NGL PIPELINE, LLC
	FIELDCREST RESOURCES LLC
	K RAIL LLC
	LOADOUT LLC
	PVR CHEROKEE GAS PROCESSING LLC
	PVR EAST TEXAS GAS PROCESSING, LLC
	PVR GAS PIPELINE, LLC
	PVR GAS PROCESSING LLC
	PVR GAS RESOURCES, LLC
	PVR HAMLIN I, LLC
	PVR HAMLIN II, LLC
	PVR HAMLIN, L.P.
		 	By:	 	PVR Hamlin I, LLC, its sole general partner
	PVR HYDROCARBONS LLC
	PVR LAVERNE GAS PROCESSING LLC
	PVR MIDSTREAM LLC
	PVR NATURAL GAS GATHERING LLC
	PVR OKLAHOMA NATURAL GAS GATHERING LLC
	SUNCREST RESOURCES LLC
	TONEY FORK LLC
	WISE LLC
			
	By:	 	/s/ Frank A. Pici	 	(SEAL)
	Name:	 	Frank A. Pici
	Title:	 	Vice President

 [SIGNATURE PAGE TO PENN VIRGINIA OPERATING CO., LLC 
 FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDERS
	
	BNP PARIBAS, individually and as Managing Agent
		
	By:	 	/s/ Mark A. Cox
	Name:	 	Mark A. Cox
	Title:	 	Managing Director
		
	By:	 	/s/ Russell Otts
	Name:	 	Russell Otts
	Title:	 	Vice President
	
	BRANCH BANKING & TRUST COMPANY
		
	By:	 	/s/ Hugh Ferguson
	Name:	 	Hugh Ferguson
	Title:	 	Senior Vice President
	
	COMERICA BANK
		
	By:	 	/s/ Huma V. Manal
	Name:	 	Huma V. Manal
	Title:	 	Vice President

  

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 [SIGNATURE PAGE TO PENN VIRGINIA OPERATING CO., LLC 
 FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	
	BANK OF AMERICA, N.A. successor by merger to FLEET NATIONAL BANK, individually and as Documentation Agent
		
	By:	 	/s/ Adam H. Fey
	Name:	 	Adam H. Fey
	Title:	 	Vice President
	
	FORTIS CAPITAL CORP.
		
	By:	 	/s/ Darrell Holley
	Name:	 	Darrell Holley
	Title:	 	Managing Director
		
	By:	 	/s/ Casey Lowary
	Name:	 	Casey Lowary
	Title:	 	Senior Vice President
	
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	/s/ Tara Narasiman
	Name:	 	Tara Narasiman
	Title:	 	Associate
	
	PNC BANK, NATIONAL ASSOCIATION, individually and as Agent
		
	By:	 	/s/ Richard C. Munsick
	Name:	 	Richard C. Munsick
	Title:	 	Senior Vice President

  

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 [SIGNATURE PAGE TO PENN VIRGINIA OPERATING CO., LLC 
 FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	
	ROYAL BANK OF CANADA, individually and as Syndication Agent
		
	By:	 	/s/ Don J. McKinnerney
	Name:	 	Don J. McKinnerney
	Title:	 	Authorized Signatory
	
	SOCIÉTÉ GÉNÉRALE, individually and as Managing Agent
		
	By:	 	/s/ Elena Robciuc
	Name:	 	Elena Robciuc
	Title:	 	Director
	
	AMEGY BANK NATIONAL ASSOCIATION (formerly Southwest Bank of Texas, N.A.)
		
	By:	 	/s/ W. Bryan Chapman
	Name:	 	W. Bryan Chapman
	Title:	 	Senior Vice President
	
	SUNTRUST BANK, individually and as Documentation Agent
		
	By:	 	/s/ Carmen Imalizia
	Name:	 	Carmen Imalizia
	Title:	 	Vice President

  

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 [SIGNATURE PAGE TO PENN VIRGINIA OPERATING CO., LLC 
 FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	
	WACHOVIA BANK, NATIONAL ASSOCIATION, individually and as Documentation Agent
		
	By:	 	/s/ Jonathan R. Richardson
	Name:	 	Jonathan R. Richardson
	Title:	 	Senior Vice President

  

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 SCHEDULE 1.1(B) 
 Commitments of Lenders and Addresses for Notices to Lenders 
 Part 1 - Commitments of Lenders and
Addresses for Notices to Lenders 
  

									
	 Lender
	  	 Amount of Commitment
 for Revolving Credit Loans
	  	Ratable Share	 
	Name:	  	Amegy Bank National Association	  	$	12,000,000	  	2.666666667	%
	Address:	  	Suite 404	  			  		
		  	4400 Post Oak Parkway	  			  		
		  	Houston, Texas 77027	  			  		
				
	Attention:	  	W. Bryan Chapman	  			  		
	Telephone:	  	(713) 232-2026	  			  		
	Telecopy:	  	(713) 561-0345	  			  		
	Email:	  	bchapman@swbanktx.com	  			  		
			
	Administrative Contact	  			  		
	Address:	  	Suite 404	  			  		
		  	4400 Post Oak Parkway	  			  		
		  	Houston, Texas 77027	  			  		
				
	Attention:	  	Dana Chargois	  			  		
	Telephone:	  	(713) 232-6395	  			  		
	Telecopy:	  	(713) 693-7467	  			  		
	Email:	  	dana.chargois@swbanktx.com	  			  		
				
	Name:	  	Bank of America	  	$	45,000,000	  	10.000000000	%
	Address:	  	IL-231-10-35	  			  		
		  	231 S La Salle Street	  			  		
		  	Chicago, IL 60604	  			  		
				
		  	Attn: Adam Fey	  			  		
		  	312-828-1462	  			  		
		  	312-974-4970 (fax)	  			  		
		  	adam.h.fey@bankofamerica.com	  			  		
			
	Administrative Contact	  			  		
	Address:	  	MA5-100-10-01	  			  		
		  	100 Federal Street	  			  		
		  	Boston, Massachusetts 02110	  			  		
				
	Attention:	  	Bukola Ajanaku	  			  		
	Telephone:	  	(617) 434-3340	  			  		
	Telecopy:	  	(617) 434-7559	  			  		
	Email:	  	bukola.o.ajanaku@bankofamerica.com	  			  		

									
	 Lender
	  	 Amount of Commitment
 for Revolving Credit Loans
	  	Ratable Share	 
	Name:	  	BNP Paribas	  	$	42,000,000	  	9.333333333	%
	Address:	  	Suite 3100	  			  		
		  	1200 Smith Street	  			  		
		  	Houston, Texas 77002	  			  		
				
	Attention:	  	Mark Cox	  			  		
	Telephone:	  	(713) 982-1100	  			  		
	Telecopy:	  	(713) 659-6915	  			  		
			
	Loan Operations	  			  		
	Address:	  	919 Third Avenue	  			  		
		  	New York, New York 10022	  			  		
			
	Primary Contact:	  			  		
	Attention:	  	Tammy Papadeas	  			  		
	Telephone:	  	(212) 471-6361	  			  		
	Telecopy:	  	(212) 726-8009	  			  		
	Email:	  	tammy.papadeas@americas.bnpparibas.com	  			  		
			
	Secondary Contact:	  			  		
	Attention:	  	Cheryl Guerra	  			  		
	Telephone:	  	(212) 471-6331	  			  		
	Telecopy:	  	(212) 726-8009	  			  		
	Email:	  	cheryl.guerra@americas.bnpparibas.com	  			  		
				
	Name:	  	Branch Banking and Trust Company	  	$	30,000,000	  	6.666666667	%
	Address:	  	233 Wyndale Road	  			  		
		  	Abingdon, Virginia 24210	  			  		
				
	Attention:	  	Hugh Ferguson	  			  		
	Telephone:	  	(276) 739-7955	  			  		
	Telecopy:	  	(276) 739-7958	  			  		
	Email:	  	wferguson@bbandt.com	  			  		
			
	Administrative Contact	  			  		
	Address:	  	233 Wyndale Road	  			  		
		  	Abingdon, Virginia 24210	  			  		
				
	Attention:	  	Suzanne Lee	  			  		
	Telephone:	  	(276) 739-7950	  			  		
	Telecopy:	  	(276) 739-7958	  			  		
	Email:	  	jslee@bbandt.com	  			  		
				
	Name:	  	Comerica Bank	  	$	24,000,000	  	5.333333333	%
	Address:	  	910 Louisiana, Suite 410	  			  		
		  	Houston, Texas 77002	  			  		
				
	Attention:	  	Huma Vadgama	  			  		
	Telephone:	  	(713) 220-5615	  			  		
	Telecopy:	  	(713) 220-5651	  			  		
	Email:	  	hvadgama@comerica.com	  			  		
			
	Administrative Contact	  			  		
	Address:	  	39200 Six Mile Road	  			  		
		  	Livonia, Michigan 48152	  			  		
				
	Attention:	  	Anna L. Cheney	  			  		
	Telephone:	  	(734) 632-3052	  			  		
	Telecopy:	  	(734) 632-2993	  			  		
	Email	  	anna_l_cheney@comerica.com	  			  		

  

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	 Lender
	  	 Amount of Commitment
 for Revolving Credit Loans
	  	Ratable Share	 
	Name:	  	Fortis Capital Corp.	  	$	30,000,000	  	6.666666667	%
	Address:	  	Suite 1400	  			  		
		  	15455 North Dallas Parkway	  			  		
		  	Addison, Texas 75001	  			  		
				
	Attention:	  	Casey Lowary	  			  		
	Telephone:	  	(214) 953-9308	  			  		
	Telecopy:	  	(214) 754-5981	  			  		
	Email:	  	casey.lowary@fortiscapitalusa.com	  			  		
			
	Administrative Contact	  			  		
	Address:	  	______________________	  			  		
		  	______________________	  			  		
				
	Attention:	  	Sharon Hill-Bryant	  			  		
	Telephone:	  	(203) 705-5792	  			  		
	Telecopy:	  	(203) 705-5898	  			  		
	Email:	  	sharon.hill-bryant@fortiscapital.com	  			  		
				
	Name	  	JP Morgan Chase Bank, N.A.	  	$	32,500,000	  	7.222222222	%
	Address:	  	Mail Stop: TX2-4375	  			  		
		  	910 Travis Street	  			  		
		  	Houston, Texas 77002	  			  		
				
	Attention:	  	Jeanie Gonzalez	  			  		
	Telephone:	  	(713) 751-6174	  			  		
	Telecopy:	  	(713) 751-3982	  			  		
	Email:	  	jeanie_gonzalez@bankone.com	  			  		
			
	Loan Operations	  			  		
	Address:	  	Suite IL1-0010	  			  		
		  	131 S. Dearborn - 5th Floor	  			  		
		  	Chicago, Illinois 60603	  			  		
				
	Attention:	  	Victor Perez	  			  		
	Telephone:	  	(312) 385-7066	  			  		
	Telecopy:	  	(312) 385-7095	  			  		
	Email:	  	victor_perez@bankone.com	  			  		
				
	Name:	  	PNC Bank, National Association	  	$	49,500,000	  	11.000000000	%
	Address:	  	One PNC Plaza	  			  		
		  	249 Fifth Avenue	  			  		
		  	Pittsburgh, Pennsylvania 15222	  			  		
				
	Attention:	  	Richard C. Munsick	  			  		
	Telephone:	  	(412) 762-4299	  			  		
	Telecopy:	  	(412) 762-2571	  			  		
			
	Administrative Contact	  			  		
	Address:	  	Firstside Center, 4th Floor	  			  		
		  	500 First Avenue	  			  		
		  	Pittsburgh, Pennsylvania 15219	  			  		
				
	Attention:	  	Rini Davis	  			  		
	Telephone:	  	(412) 762-7638	  			  		
	Telecopy:	  	(412) 762-8672	  			  		
	Email:	  	rini.davis@pncbank.com	  			  		

  

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	 Lender
	  	 Amount of Commitment
 for Revolving Credit Loans
	  	Ratable Share	 
	Name:	  	Royal Bank of Canada	  	$	49,500,000	  	11.000000000	%
	Address:	  	5700 Williams Tower	  			  		
		  	2800 Post Oak Boulevard	  			  		
		  	Houston, Texas 77056	  			  		
				
	Attention:	  	Jason York	  			  		
	Telephone:	  	(713) 403-5679	  			  		
	Telecopy:	  	(713) 403-5624	  			  		
	Email:	  	jason.york@rbccm.com	  			  		
				
	Operations	  		  			  		
	Address:	  	One Liberty Plaza, 3rd Floor	  			  		
		  	New York, New York 10006	  			  		
				
	Attention:	  	Compton Singh	  			  		
	Telephone:	  	(212) 428-6332	  			  		
	Telecopy:	  	(212) 428-2372	  			  		
	Email:	  	compton.singh@rbccm.com	  			  		
				
	Name:	  	Société Générale	  	$	42,000,000	  	9.333333333	%
	Address:	  	1111 Bagby, Suite 2020	  			  		
		  	Houston, Texas 77002	  			  		
				
	Attention:	  	Elena Robciuc	  			  		
	Telephone:	  	(713) 759-6316	  			  		
	Telecopy:	  	(713) 650-0824	  			  		
	Email:	  	elena.robciuc@sgcib.com	  			  		
			
	Administrative Contact	  			  		
	Address:	  	560 Lexington Avenue	  			  		
		  	New York, New York 10022	  			  		
				
	Attention:	  	Nancy Kui	  			  		
	Telephone:	  	(212) 278-6164	  			  		
	Telecopy:	  	(212) 278-7490	  			  		
	Email:	  	nancy.kui@sgcib.com	  			  		
				
	Name:	  	SunTrust Bank	  	$	45,000,000	  	10.000000000	%
	Address:	  	10th Floor; Mail Code: 1929	  			  		
		  	303 Peachtree Street	  			  		
		  	Atlanta, Georgia 30308	  			  		
				
	Attention:	  	Joe McCreery	  			  		
	Telephone:	  	(404) 532-0274	  			  		
	Telecopy:	  	(404) 827-6270	  			  		
	Email:	  	joe.mccreery@suntrust.com	  			  		
			
	Administrative Contact	  			  		
	Address:	  	10th Floor; Mail Code: 1929	  			  		
		  	303 Peachtree Street	  			  		
		  	Atlanta, Georgia 30308	  			  		
				
	Attention:	  	Tina Marie Edwards	  			  		
	Telephone:	  	(404) 588-8660	  			  		
	Telecopy:	  	(404) 230-1940	  			  		
	Email:	  	tinamarie.edwards@suntrust.com	  			  		

  

 16 

									
	 Lender
	  	 Amount of Commitment
 for Revolving Credit Loans
	  	Ratable Share	 
	Name:	  	Wachovia Bank, N.A.	  	$	48,500,000	  	10.777777778	%
	Address:	  	Mailcode: VA7440	  			  		
		  	201 S. Jefferson Street	  			  		
		  	Roanoke, Virginia 24011	  			  		
				
	Attention:	  	Jonathan R. Richardson	  			  		
	Telephone:	  	(540) 563-7691	  			  		
	Telecopy:	  	(540) 563-6320	  			  		
	Email:	  	jonathan.richardson@wachovia.com	  			  		
			
	Administrative Contact	  			  		
	Address:	  	Mailcode: NC1183	  			  		
		  	201 S. College Street	  			  		
		  	Charlotte, NC 28244-0002	  			  		
				
	Attention:	  	Roshenna Smith	  			  		
	Telephone:	  	(704) 374-6171	  			  		
	Telecopy:	  	(704) 715-0099	  			  		
	Email:	  	roshenna.smith@wachovia.com	  			  		
		  		  	 	 	  	 	 
	TOTAL	  	$	450,000,000	  	100%	 
		  		  	 	 	  	 	 

  

 17 

 SCHEDULE 1.1(B) 
 COMMITMENTS OF LENDERS AND ADDRESSES FOR NOTICES 
 Part 2 - Addresses for Notices to Borrower and Guarantors: 

 AGENT: 
  

			
	Name	  	PNC BANK, NATIONAL ASSOCIATION
	Address:	  	P1-POPP-03-3
		  	One PNC Plaza - 3rd Floor
		  	249 Fifth Avenue
		  	Pittsburgh, Pennsylvania 15222-2707
	Attention:	  	Richard C. Munsick
	Telephone:	  	(412) 762-4299
	Telecopy:	  	(412) 762-2571

  

			
	BORROWER:
		
	Name	  	PENN VIRGINIA OPERATING CO., LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
	
	GUARANTORS:
		
	Name	  	CONNECT ENERGY SERVICES, LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com

  

 18 

			
	Name	  	CONNECT GAS GATHERING, LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	CONNECT NGL PIPELINES, LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	FIELDCREST RESOURCES LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	K RAIL LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com

  

 19 

			
	Name	  	LOADOUT LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	PENN VIRGINIA RESOURCE PARTNERS, L.P.
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	PVR CHEROKEE GAS PROCESSING, LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	PVR EAST TEXAS GAS PROCESSING, LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com

  

 20 

			
	Name	  	PVR GAS PIPELINE, LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	PVR GAS PROCESSING LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	PVR GAS RESOURCES, LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	PVR HAMLIN I, LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com

  

 21 

			
	Name	  	PVR HAMLIN II, LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	PVR HAMLIN, L.P.
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	PVR HYDROCARBONS LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	PVR LAVERNE GAS PROCESSING LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com

  

 22 

			
	Name	  	PVR MIDSTREAM LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	PVR NATURAL GAS GATHERING LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	PVR OKLAHOMA NATURAL GAS GATHERING LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	SUNCREST RESOURCES LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President and Chief Financial Officer
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com

  

 23 

			
	Name	  	TONEY FORK LLC
	Address:	  	Three Radnor Corporate Center – Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com
		
	Name	  	WISE LLC
	Address:	  	Three Radnor Corporate Center - Suite 300
		  	100 Matsonford Road
		  	Radnor, Pennsylvania 19087
	Attention:	  	Frank A. Pici, Vice President
	Telephone:	  	(610) 687-8900
	Telecopy:	  	(610) 687-3688
	Email:	  	frank.pici@pennvirginia.com

  

 24 

 Exhibit A 
 TO FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 
 FIRST AMENDMENT TO GUARANTEE
AGREEMENT 
 This First Amendment to Guarantee Agreement (the “Amendment”) dated as of September 7, 2007, is made and
given by EACH OF THE SIGNATORIES HERETO (together with any other entity that may become a party hereto as provided herein, the “Guarantors”), in favor of PNC BANK, NATIONAL ASSOCIATION, as Agent (in such capacity, the
“Agent”) for the banks and other financial institutions or entities (the “Lenders”) from time to time parties to the Credit Agreement, dated as of March 3, 2005 (as amended, amended and restated, supplemented
or otherwise modified from time to time, the “Credit Agreement”), among Penn Virginia Operating Co., LLC (the “Borrower”), the Lenders and the Agent. 
 W I T N E S S E T H: 
 WHEREAS, pursuant to the Credit Agreement, the Lenders
have severally agreed to make extensions of credit to the Borrower upon the terms and subject to the conditions set forth therein; 
 WHEREAS, the Borrower is a member of an affiliated group of companies that includes each other Guarantor; 
 WHEREAS, the proceeds
of the extensions of credit under the Credit Agreement will be used in part to enable the Borrower to make valuable transfers to one or more of the other Guarantors in connection with the operation of their respective businesses; 
 WHEREAS, certain of the Lenders or their Affiliates may enter into Lender-Provided Interest Rate Hedges and Lender-Provided Commodity Hedges with the
Borrower; 
 WHEREAS, the Borrower and the other Guarantors are engaged in related businesses, and each Guarantor will derive substantial
direct and indirect benefit from the extensions of credit under the Credit Agreement and from the Lender-Provided Interest Rate Hedges and the Lender-Provided Commodity Hedges; and 
 WHEREAS, to induce Bank to enter into that certain Fourth Amendment to Amended and Restated Credit Agreement dated of even dated herewith (the
“Fourth Amendment to Amended and Restated Credit Agreement”), each Guarantor has agreed to reconfirm that his unconditional guarantee under the Guarantee Agreement dated as of March 3, 2005, (as may be amended, restated, modified or
supplemented, the “Guaranty”) shall continue in full force and effect subsequent to Fourth Amendment to Amended and Restated Credit Agreement and the transactions contemplated therein and shall inure to the benefit of the Agent and the
Lenders; 

 WHEREAS, in addition to the foregoing, certain of the covenants contained in the Guarantee are being
amended and restated by the terms of this Amendment, all as more specifically provided herein. 
 NOW, THEREFORE, in consideration of the
premises, and intending to be legally bound, the Guarantor hereby agrees as follows: 
 1. Definitions. All defined terms used herein
but not otherwise defined herein shall have the meanings ascribed to them or incorporated by reference in the Guaranty. 
 2.
Reaffirmation of Guaranty. This Amendment confirms that the Guarantor has read and understands the Fourth Amendment to Amended and Restated Credit Agreement. Guarantor hereby ratifies and confirms that the Guaranty continues in full force and
effect and agrees that the Guaranty shall inure to the benefit of the Agent and each of the Lenders. 
 3. Borrower Hedge Agreement
Obligations. The definition of Borrower Hedge Agreement Obligations contained in Section 1.1 [Definitions] of the Guaranty is hereby amended and restated as follows: 
 “Borrower Hedge Agreement Obligations”. The collective reference to all obligations and liabilities of the Borrower
(including, without limitation, interest accruing at the then applicable rate provided in any Lender-Provided Interest Rate Hedge and Lender-Provided Commodity Hedge after the filing of any petition in bankruptcy, or the commencement of any
insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to any IRH Provider, whether direct or indirect, absolute or contingent, due or
to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, any Lender-Provided Interest Rate Hedge, any Lender-Provided Commodity Hedge or any other document made, delivered or given in connection
therewith, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the relevant IRH Provider that are
required to be paid by the Borrower pursuant to the terms of any Lender-Provided Interest Rate Hedge and Lender-Provided Commodity Hedge). 
 4. Counterparts. This Amendment may be executed in any number of counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument. 
 5. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE COMMONWEALTH OF
PENNSYLVANIA, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES. 
 6. Incorporation into Guaranty. This Amendment shall be incorporated
into the Guaranty by this reference. 
  

 -2- 

 7. Full Force and Effect. Except as expressly modified by this Amendment, all of the terms,
conditions, representations, warranties, and covenants of the Guaranty are true and correct and shall continue in full force and effect, including without limitation, all liens and security interests securing the Borrower’s indebtedness to the
Lenders. 
 [SIGNATURES APPEAR ON NEXT PAGE] 
  

 -3- 

 [SIGNATURE PAGE TO FIRST AMENDMENT TO GUARANTEE] 
 IN WITNESS WHEREOF, Guarantor has duly executed and delivered this Agreement as of the date first above written and constitutes a sealed instrument.

  

													
		 		 	GUARANTORS :	 	
				
		 		 	PENN VIRGINIA RESOURCE PARTNERS, L.P.	 	
		 		 		 		 	By:  	 	Penn Virginia Resource GP, LLC, its sole general partner	 	
		 		 	 CONNECT ENERGY SERVICES, LLC
 CONNECT GAS GATHERING, LLC
 CONNECT GAS PIPELINE LLC
 CONNECT NGL PIPELINE, LLC
 FIELDCREST RESOURCES LLC
 K RAIL LLC
 LOADOUT LLC
 PVR CHEROKEE GAS PROCESSING LLC
 PVR EAST TEXAS GAS PROCESSING,
LLC
 PVR GAS PIPELINE, LLC
 PVR GAS PROCESSING
LLC
 PVR GAS RESOURCES, LLC
 PVR HAMLIN I, LLC

 PVR HAMLIN II, LLC
 PVR HAMLIN,
L.P.
	 	
		 		 		 		 	By:  	 	PVR Hamlin I, LLC, its sole general partner	 	
		 		 	 PVR HYDROCARBONS LLC
 PVR LAVERNE
GAS PROCESSING LLC
 PVR MIDSTREAM LLC
 PVR NATURAL
GAS GATHERING LLC
 PVR OKLAHOMA NATURAL GAS GATHERING LLC
 SUNCREST RESOURCES LLC
 TONEY FORK LLC
 WISE LLC
	 	
	ATTEST	 		 		 	
						
	By:	 	/s/ Jean Whitehead	 		 	By:	 	/s/ Frank A. Pici	 	(SEAL)
	Name:	 	Jean Whitehead	 		 	Name:	 	Frank A. Pici	 	
	Title:	 	Legal Assistant	 		 	Title:	 	Vice President	 	

 [SIGNATURE PAGE TO FIRST AMENDMENT TO GUARANTEE] 
  

									
		 		 	PNC BANK, NATIONAL ASSOCIATION, as Agent
					
		 		 		 	By:	 	/s/ Richard C. Munsick
		 		 		 	Name:	 	Richard C. Munsick
		 		 		 	Title:	 	Senior Vice PresidentPolicy Regarding Director Compensation

 Exhibit 10.10 
 POLICY REGARDING DIRECTOR COMPENSATION 
 Directors of Semtech Corporation (the “Company”) that are not
employed by the Company or one of its subsidiaries receive compensation for their services to the Board of Directors and related committees as set forth below. 
 Cash Retainer Fees. Effective for the quarter beginning July 1, 2007, the retainer fees for non-employee directors of the Company will be as follows: 
  

			
	 Description
	  	 Annual Amount

	Annual Retainer	  	$45,000
		
	Additional Retainer for Chairman of the Board	  	$50,000
		
	Committee Chair Retainer (Standing Committees)	  	 Audit Committee - $20,000
 Compensation Committee -
$15,000
 Nominating/Governance Committee - $10,000
 Finance
Committee - $10,000

		
	Committee Retainer1 (Standing Committees)	  	 Audit Committee - $10,000
 Compensation Committee -
$7,500
 Nominating/Governance Committee - $5,000
 Finance
Committee - $5,000

 These retainer fees are paid to the director on a quarterly basis, with each installment being equal to one-fourth
of the annualized amount set forth above and being paid in advance in cash at the beginning of each quarter. 
 For the period commencing July 1, 2007
and ending June 30, 2008, the retainer fees payable to certain non-employee directors of the Company will be reduced by the amount of retainer fees attributable to the director’s services for this period that has previously been foregone
by the director in exchange for the grant of a stock option. For Rockell N. Hankin, the amount of the foregone retainer is $30,000, and, accordingly, each of Mr. Hankin’s quarterly payments during this period will be reduced by $7,500. For
each of Glen M. Antle, James P. Burra, James T. Lindstrom, John L. Piotrowski and James T. Schraith, the amount of the foregone retainer is $20,000, and, accordingly, each of the director’s payments during this period will be reduced by $5,000.

 Non-employee directors of the Company are also reimbursed for their reasonable expenses to attend meetings of the Board of Directors and related
committees and otherwise attend to Company business. 
 Equity Award Grants. The following equity award grant policies are adopted effective
immediately. The equity awards set forth herein will be made from the Company’s Long Term Stock Incentive Plan or any successor plan designated by the Board (“Plan”): 
 Initial Option Grant2. Each non-employee director who first joins the Board after June 14, 2007 (who was not immediately prior to joining the Board an
employee of the Company or one of its subsidiaries) will 

  

	 1
	 The Committee Retainer shall be payable to each member of the respective Committee
who is not also the Chair of that Committee. The Chair of a particular Committee shall be entitled to receive only the Committee Chair Retainer for that particular committee. 

	 2
	 The share numbers set forth herein for equity awards shall not be adjusted for
stock splits or the like without further action of the Board, provided however that equity awards that have been granted prior to a split or similar event will be subject to adjustment pursuant to the Plan. 

 
receive an option to purchase 20,000 shares of the Company’s common stock upon his or her initial election or appointment to the Board of Directors.
These options will have an exercise price equal to the closing price of the Company’s common stock on the grant date (or as of the next succeeding business day if the grant date is not a trading date) and will vest in annual installments over
the four-year period following the grant date beginning on the first anniversary of the grant date. Each option grant will be evidenced by, and subject to the terms and conditions of, an award agreement in the form approved by the Board of Directors
to evidence such type of grant pursuant to this policy. 
 Semi-Annual Option Grants2. On each January 1 and July 1, each non-employee
director then in office will receive an option to purchase 5,000 shares of the Company’s common stock. These options will have an exercise price equal to the closing price of the Company’s common stock on the grant date (or as of the next
succeeding business day if the grant date is not a trading date) and will vest in annual installments over the four-year period following the grant date, beginning on the first anniversary of the grant date. Each option grant will be evidenced by,
and subject to the terms and conditions of, an award agreement in the form approved by the Board of Directors to evidence such type of grant pursuant to this policy. 
 Annual Stock Unit Grant. On each July 1, each non-employee director then in office will also receive an award of restricted stock units. The number of restricted stock units will be determined by
dividing $70,000 by the closing price of the Company’s common stock on the grant date (or as of the next succeeding business day if the grant date is not a trading date), rounded down to the nearest whole share. The restricted stock units will
vest over the one -year period following the grant date. Vested restricted stock units will be paid in cash upon the termination of the director’s service with the Company. Each restricted stock unit grant will be evidenced by, and subject to
the terms and conditions of, an award agreement in the form approved by the Board of Directors to evidence such type of grant pursuant to this policy. 
 The
Board of Directors may amend or terminate this policy at any time, provided, however, that equity awards under this policy will cease without any action of the Compensation Committee or Board if the Company’s Long Term Stock Incentive
Plan expires prior to the Board designating a successor plan under which the equity awards are to be made.

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