Document:

Fifth Amendment to Credit Agreement

 Exhibit 10.2.5 
 FIFTH AMENDMENT 
 TO CREDIT AGREEMENT 

THIS FIFTH AMENDMENT TO CREDIT AGREEMENT, dated as of December 17, 2012 (this “Amendment”) to the Existing Credit
Agreement (such capitalized term and other capitalized terms used in this preamble and the recitals below to have the meanings set forth in, or are defined by reference in, Article I below) is entered into by and among W.E.T. AUTOMOTIVE
SYSTEMS, AG, a German stock corporation (the “German Borrower”), W.E.T. AUTOMOTIVE SYSTEMS LTD., a Canadian corporation (together with the German Borrower, the “Borrowers” and each, a “Borrower”),
each lender party hereto (collectively, the “Lenders” and individually, a “Lender”), BANC OF AMERICA SECURITIES LIMITED, as administrative agent (in such capacity, the “Administrative Agent”) and
BANK OF AMERICA, N.A., as Swing Line Lender and L/C Issuer (“Bank of America”). 

W I T N E S S E T H:

 WHEREAS, the Borrowers, the Lenders, Bank of America and the Administrative Agent are all parties to the Credit Agreement,
dated as of March 30, 2011 (as amended or otherwise modified prior to the date hereof, the “Existing Credit Agreement”, and as amended by this Amendment and as the same may be further amended, supplemented, amended and restated
or otherwise modified from time to time, the “Credit Agreement”); and 
 WHEREAS, the Borrowers have requested
that the Lenders amend and waive certain provisions of the Existing Credit Agreement and the Lenders are willing to effect such amendments and waivers, on the terms and subject to the conditions hereinafter set forth. 

NOW, THEREFORE, the parties hereto hereby covenant and agree as follows: 

ARTICLE I 

DEFINITIONS 

SECTION 1.1.Certain Definitions. The following terms when used in this Amendment shall have the following meanings (such meanings
to be equally applicable to the singular and plural forms thereof): 
 “Administrative Agent” is defined in the
preamble. 
 “Amendment” is defined in the preamble. 

“Amendment Effective Date” is defined in Article III. 

“Bank of America” is defined in the preamble. 

 “Borrower” is defined in the preamble. 

“Credit Agreement” is defined in the first recital. 

“Existing Credit Agreement” is defined in the first recital. 

“German Borrower” is defined in the preamble. 

“Lender” is defined in the preamble. 
 SECTION 1.2.Other Definitions. Terms for which meanings are provided in the Credit Agreement are, unless otherwise defined herein or the context otherwise requires, used in this Amendment with such
meanings. 
 ARTICLE II 
 AMENDMENTS TO CREDIT AGREEMENT 
 Effective on (and subject to the occurrence of)
the Amendment Effective Date, the provisions of the Existing Credit Agreement referred to below are hereby amended in accordance with this Article II. Except as expressly so amended, the Existing Credit Agreement shall continue in full force
and effect in accordance with its terms. 
 SECTION 2.1.Amendments to Article I. 

SECTION 2.1.1.Section 1.01 of the Existing Credit Agreement is hereby amended by adding the following definitions in the appropriate
alphabetical order: 
 “DEG Loan Agreement” means that certain loan agreement made between DEG – Deutsche
Investitions – und Entwicklungsgesellschaft mbH, as lender, and WET China, as borrower, in the form approved by the Administrative Agent as of the Fifth Amendment Effective Date, with any changes thereto as may be approved by the Administrative
Agent in its sole and absolute discretion. 
 “Fifth Amendment Effective Date” means December 17, 2012.

 “JCI Patent Acquisition” means the acquisition of certain intellectual property by the German Borrower
pursuant to that certain Mutual Termination Agreement, dated on or about September 25, 2012, by and between Johnson Controls Technology Company, a Michigan corporation, and the German Borrower. 

“WET China Expansion” means the expansion and improvement by WET China of the production facilities located in the
LangFang Development Zone, the Peoples Republic of China as further described in the WET China Project Description. 

 “WET China Project Description” means the description of the WET China
Expansion, as more fully set forth on Schedule 7.02(h) attached hereto. 
 “WET Mexico” means W.E.T.
Sistemas Automotrices S.A. de C.V., a Mexican company having its registered office at Carr. Presa La Amistad Km 7.5, Parque Industrial La Paz, Ciudad Acuna, Coahuila, Mexico. 
 “WET Mexico Lease” means any acquisition or lease of manufacturing facilities by any Loan Party or WET Mexico in Mexico. 

SECTION 2.1.2.The definition of “Alternative Currency Sublimit” in Section 1.01 of the Existing Credit Agreement is hereby
amended by deleting the reference to “€10,000,000” and replacing it with “€20,000,000”. 
 SECTION
2.1.3.The definition of “Applicable Rate” in Section 1.01 of the Existing Credit Agreement is hereby amended by amending and restating the table set forth in such definition in its entirety as follows: 

 

							
	 Pricing

Level
	  	 Consolidated

Leverage Ratio
	  	 Eurocurrency

Rate; Letters of
 Credit
	  	 Commitment Fee

	1	  	<0.50:1.00	  	1.75%	  	0.50%
	2	  	 30.50:1.00 but

<0.75:1.00
	  	2.25%	  	0.50%
	3	  	30.75:1.00	  	2.50%	  	0.50%

 SECTION 2.1.4.The definition of “Consolidated Fixed Charge Coverage Ratio” in Section 1.01
of the Existing Credit Agreement is hereby amended by inserting the following phrase immediately after the reference to “Section 7.03,” set forth therein: 
 “plus (iii) the aggregate amount of all regularly scheduled payments in connection with the JCI Patent Acquisition,” 

SECTION 2.1.5.The definition of “Consolidated Funded Indebtedness” in Section 1.01 of the Existing Credit Agreement is
hereby amended and restated in its entirety as follows: 
 “Consolidated Funded Indebtedness”
means, as of any date of determination, for the German Borrower and its Subsidiaries on a consolidated basis, the sum of (a) the outstanding principal amount of all obligations, whether current or long-term, for borrowed money (including
Obligations hereunder) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments, (b) all purchase money Indebtedness, (c) all direct obligations arising under letters of credit (including
standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and 

 
similar instruments, (d) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business),
(e) all Attributable Indebtedness, (f) all installment payments due and payable by the German Borrower in connection with the JCI Patent Acquisition, (g) without duplication, all Guarantees with respect to outstanding Indebtedness of
the types specified in clauses (a) through (f) above of Persons other than the German Borrower or any Subsidiary, and (h) all Indebtedness of the types referred to in clauses (a) through (g) above
of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which the German Borrower or a Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly
made non-recourse to the German Borrower or such Subsidiary. 
 SECTION 2.1.6.The definition of “Letter of Credit
Sublimit” in Section 1.01 of the Existing Credit Agreement is hereby amended by deleting the reference to “€2,000,000” and replacing it with “€7,000,000”. 

SECTION 2.1.7.Clause (b) of the definition of “Screen Rate” in Section 1.01 of the Existing Credit Agreement is
hereby amended and restated in its entirety to read as follows: 
 “(b) with respect to Loans denominated in an Alternative
Currency, the British Bankers’ Association Interest Settlement Rate or successor thereto if the British Bankers’ Association is no longer making an Interest Settlement Rate available for the relevant currency and period,” 

SECTION 2.2.Amendments to Article VII. 
 SECTION 2.2.1.Section 7.01 of the Existing Credit Agreement is hereby amended by (i) deleting “and” at the end of clause (k) thereof, (ii) deleting the “.” at the end of
clause (l) thereof and replacing it with “; and”, and (iii) inserting the following new clause (m) immediately after clause (l) thereof: 
 “(m) Liens against the assets of WET China granted pursuant to the DEG Loan Agreement securing the Indebtedness incurred by WET China permitted under Section 7.03(l).” 

SECTION 2.2.2.Section 7.02(c) of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:

 “(c) Investments of the German Borrower in any Unrestricted Loan Party and Investments of any Material Subsidiary in the
German Borrower or in another Material Subsidiary (other than any Chinese Subsidiary or WET Ukraine); provided that, notwithstanding the foregoing, (x) each of the German Borrower and WET Hungary shall be permitted to make Investments in
the form of advance loans and other similar Indebtedness to WET Ukraine to be used by WET Ukraine (i) for Capital Expenditures and working capital purposes, but only in an 

 
aggregate amount not to exceed (A) €2,000,000 from May 16, 2011 through December 31, 2011 and (B) €3,500,000 during any calendar year commencing January 1, 2012
and thereafter and (ii) for WET Ukraine’s proposed warehouse expansion, but only in an aggregate amount not to exceed €3,000,000; provided that the German Borrower shall be permitted to increase its Investment in the Equity
Interest of WET Ukraine in an amount not to exceed €7,000,000, (y) the German Borrower or any Material Subsidiary shall be permitted to make Investments in the form of advance loans and other similar Indebtedness to WET China in connection
with the WET China Expansion in an aggregate amount not to exceed €6,000,000 and (z) the conversion of any past due trade accounts payable due and payable by WET Ukraine to WET Hungary to Indebtedness, in an aggregate amount not to exceed
€6,500,000, shall be permitted hereunder;” 
 SECTION 2.2.3.Section 7.03 of the Existing Credit Agreement is hereby
amended by (i) deleting “and” at the end of clause (j) thereof, (ii) deleting the “.” at the end of clause (k) thereof and replacing it with “;”, and (iii) inserting the following new clauses
(l), (m) and (n) immediately after clause (k) thereof: 
 “(l) Indebtedness incurred by WET China under the
DEG Loan Agreement, in an aggregate principal amount not to exceed €4,000,000; 
 (m) Indebtedness incurred or deemed to be
incurred in connection with the JCI Patent Acquisition; and 
 (n) Guarantees by any Loan Party in connection with the WET
Mexico Lease.” 
 SECTION 2.2.4.Section 7.06(a) of the Existing Credit Agreement is hereby amended and restated in its
entirety to read as follows: 
 “(a)(i) the German Borrower may make Restricted Payments, including in cash (A) to any
other Unrestricted Loan Party that, directly or indirectly, owns an Equity Interest in the German Borrower and (B) to any other Person in accordance with the Domination Agreement and (ii) each Material Subsidiary may make Restricted
Payments to the Borrowers, the Subsidiary Guarantors and any other Unrestricted Loan Party that owns an Equity Interest in such Material Subsidiary, in each case, ratably according to their respective holdings of the type of Equity Interest in
respect of which such Restricted Payment is being made; provided that WET China shall not make any such Restricted Payment to the German Borrower or WET Malta at any time during the occurrence and continuance of an event of default under the
DEG Loan Agreement;” 
 SECTION 2.2.5.Section 7.09 of the Existing Credit Agreement is hereby amended and restated in its
entirety to read as follows: 
 “7.09 Burdensome Agreements. Enter into any Contractual Obligation (other than this
Agreement, any other Loan Document, the Domination Agreement or the DEG Loan Agreement) that (a) limits the ability (i) of any Material Subsidiary to make Restricted Payments to either Borrower or any Guarantor or to otherwise transfer
property to either 

 
Borrower or any Guarantor, (ii) of any Material Subsidiary to Guarantee the Indebtedness of either Borrower or any Guarantor or (iii) of either Borrower or any Subsidiary to create,
incur, assume or suffer to exist Liens on property of such Person; provided, however, that this clause (iii) shall not prohibit any negative pledge incurred or provided in favor of any holder of Indebtedness permitted under
Section 7.03(e) solely to the extent any such negative pledge relates to the property financed by or the subject of such Indebtedness; or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted
to secure another obligation of such Person.” 
 SECTION 2.2.6.Section 7.14 of the Existing Credit Agreement is hereby
amended and restated in its entirety to read as follows: 
 “7.14 Prepayments, Etc. of Indebtedness. Prepay, redeem,
purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Indebtedness, except (a) the prepayment of the Credit Extensions in accordance
with the terms of this Agreement, (b) regularly scheduled or required repayments or redemptions of Indebtedness set forth in Schedule 7.03 and refinancings and refundings of such Indebtedness in compliance with
Section 7.03(b), (c) regularly scheduled or required repayments or redemptions of Indebtedness permitted under Section 7.03(f) and (i); provided that WET China shall not make any payment on any such
Indebtedness permitted under Section 7.03(f) at any time during the occurrence and continuance of an Event of Default; provided further that the German Borrower may reduce any intercompany Indebtedness due and owing from WET
Ukraine at any time and from time to time prior to the due date for regularly scheduled payments or the maturity thereof solely to the extent such reduction is made with a corresponding increase of the Equity Interest of the German Borrower in WET
Ukraine and (d) regularly scheduled installment payments in connection with the JCI Patent Acquisition.” 
 SECTION
2.2.7.Section 7.17 of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“7.17 Lease Obligations. Create, incur, assume or suffer to exist any obligations as lessee (a) for the rental or hire
of real or personal property in connection with any sale and leaseback transaction, or (b) for the rental or hire of other real or personal property of any kind under leases or agreements to lease (excluding Capitalized Leases) having an
original term of one year or more that would cause the direct and contingent liabilities of the German Borrower and its Material Subsidiaries, on a consolidated basis, in respect of all such obligations (other than building leases and other such
obligations as lessee as in effect on the Fifth Amendment Effective Date and any refinancings, refundings, renewals or extensions thereof; provided that the obligations in connection with the WET Mexico Lease shall not exceed $8,000,000 in
the aggregate) to exceed €2,500,000 payable in any period of 12 consecutive months.” 
 SECTION 2.3.Amendment to
Article VIII. 

 SECTION 2.3.1.Section 8.01(b) of the Existing Credit Agreement is hereby amended by deleting
the reference to “, 6.18”. 
 SECTION 2.4.Amendments to Schedules. 

SECTION 2.4.1.Schedule 2.01 to the Existing Credit Agreement is hereby amended in its entirety as set forth on Annex I attached
hereto. 
 SECTION 2.4.2.Schedule 7.02(h) attached hereto as Annex II is hereby added as a new Schedule 7.02(h) to the
Existing Credit Agreement in the appropriate numerical order. 
 ARTICLE III 

CONDITIONS TO EFFECTIVENESS 
 This Amendment shall become effective on and as of the date first written above (the “Amendment Effective Date”) when the following conditions have been met: 

SECTION 3.1.Counterparts. The Administrative Agent shall have received counterparts hereof executed on behalf of the Borrowers and
the Required Lenders. 
 SECTION 3.2.Costs and Expenses, etc. The Administrative Agent shall have received for the
account of each Lender, all fees, costs and expenses due and payable pursuant to Section 10.04 of the Credit Agreement, if then invoiced, including fees and expenses of counsel to the Administrative Agent. 

SECTION 3.3.Amendment Fee. The Administrative Agent shall have received, for the ratable benefit of each Lender that has delivered
(including by way of facsimile or email) its executed signature page to this Amendment to the attention of Miller Smith at Mayer Brown LLP, 214 N. Tryon Street, Suite 3800, Charlotte, North Carolina 28202, facsimile number: (704) 377-2033,
email address: msmith@mayerbrown.com, at or prior to 5:00 p.m. (Eastern time) on December 13, 2012 (each such Lender, a “Consenting Lender”), according to such Consenting Lender’s Applicable Percentage (as determined on
the Amendment Effective Date after giving effect to this Amendment), a non-refundable fee in an amount equal to the product of (a) 0.125% times (b) the sum of (i) the aggregate Revolving Credit Commitments (as in effect on the
Amendment Effective Date) plus (ii) the aggregate principal amount of Term Loans outstanding (as of the Amendment Effective Date) which fee shall be deemed fully earned on the Amendment Effective Date and shall be non-refundable for any
reason whatsoever and shall be in addition to any other fee, cost or expense payable pursuant to the Credit Agreement. 

 ARTICLE IV 
 MISCELLANEOUS 
 SECTION 4.1.Cross-References. References in this Amendment
to any Article or Section are, unless otherwise specified, to such Article or Section of this Amendment. 
 SECTION 4.2.Loan
Document Pursuant to Existing Credit Agreement. This Amendment is a Loan Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance
with all of the terms and provisions of the Existing Credit Agreement, as amended or waived hereby, including Article X thereof. 
 SECTION 4.3.Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

SECTION 4.4.Counterparts. This Amendment may be executed in counterparts (and by different parties hereto in different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Amendment constitutes the entire contract among the parties relating to the subject matter hereof and supersedes
any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Delivery of an executed counterpart of a signature page of this Amendment by telecopy or other electronic imaging means shall be effective as
delivery of a manually executed counterpart of this Amendment. 
 SECTION 4.5.Governing Law. THIS AMENDMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, INCLUDING FOR SUCH PURPOSES SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK. 

SECTION 4.6.Full Force and Effect; Limited Amendment and Waiver. Except as expressly amended or waived hereby, all of the
representations, warranties, terms, covenants, conditions and other provisions of the Existing Credit Agreement and the other Loan Documents shall remain unchanged and shall continue to be, and shall remain, in full force and effect in accordance
with their respective terms. The amendment and waiver set forth herein shall be limited precisely as provided for herein to the provisions expressly amended or waived herein and shall not be deemed to be an amendment to or modification or waiver of
any other term or provision of the Existing Credit Agreement or any other Loan Document or of any transaction or further or future action on the part of any Loan Party which would require the consent of the Lenders under the Existing Credit
Agreement or any of the Loan Documents. 
 SECTION 4.7.Representations and Warranties. In order to induce the Lenders to
execute and deliver this Amendment, the Borrower hereby represents and warrants to the Lenders that, both before and after giving effect to this Amendment, all statements set forth in clauses (a) and (b) of Section 4.03 of the Credit
Agreement are true and correct. 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the
date first above written. 
  

			
	W.E.T. AUTOMOTIVE SYSTEMS, AG,
	a German stock corporation
		
	By:	 	 /s/ Frithjof Oldorff /s/ Thomas Liedl

		 	Name: Frithjof Oldorff
		 	Title: COO
		
	By:	 	 /s/ Thomas Liedl

		 	Name: Thomas Liedl
		 	Title: CFO
	
	 W.E.T. AUTOMOTIVE SYSTEMS LTD.,
 a Canadian corporation

		
	By:	 	 /s/ Caspar Baumhauer

		 	Name: Caspar Baumhauer
		 	Title: CEO
	
	 BANC OF AMERICA SECURITIES LIMITED, 
 as Administrative Agent

		
	By:	 	 /s/ Paula Beattie

		 	Name: Paula Beattie
		 	Title: Assistant Vice President
	
	 BANK OF AMERICA, N.A., as a Lender, L/C
 Issuer and Swing Line Lender

		
	By:	 	 /s/ David K. Komrska

		 	Name: David K. Komrska
		 	Title: Senior Vice President
	
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	 /s/ Thomas A. Lakocy

		 	Name: Thomas A. Lakocy
		 	Title: Senior Banker

  

 
			
	COMERICA BANK
		
	By:	 	 /s/ Kimberly S. Kersten

		 	Name: Kimberly S. Kersten
		 	Title: Vice President
	
	THE HUNTINGTON NATIONAL BANK
		
	By:	 	 /s/ Steven J. McCormack

		 	Name: Steven J. McCormack
		 	Title: Vice President
	
	KEYBANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ John E. Stinson

		 	Name: John E. Stinson
		 	Title: Senior Vice President

  

 ANNEX I 
 SCHEDULE 2.01 
 COMMITMENTS AND APPLICABLE PERCENTAGES

  

																					
	 Lender
	  	EUR Term
Loan
Commitment	 	  	USD Term Loan
Commitment	 	  	Term Loan
Percentage	 	  	Revolving
Credit
Commitment	 	  	Applicable
Revolving Credit
Percentage	 
	 Bank of America, N.A.
	  	€	1,750,609.16	  	  	$	2,361,113.44	  	  	 	22.3828742	% 	  	€	4,476,574.84	  	  	 	22.3828742	% 
	 JPMorgan Chase Bank, N.A.
	  	€	1,672,223.67	  	  	$	2,255,391.93	  	  	 	21.3806558	% 	  	€	4,276,131.16	  	  	 	21.3806558	% 
	 Comerica Bank
	  	€	1,672,223.67	  	  	$	2,255,391.93	  	  	 	21.3806558	% 	  	€	4,276,131.16	  	  	 	21.3806558	% 
	 The Huntington National Bank
	  	€	1,489,324.21	  	  	$	2,008,708.44	  	  	 	19.0421466	% 	  	€	3,808,429.32	  	  	 	19.0421466	% 
	 KeyBank National Association    
	  	€	1,236,818.44	  	  	$	1,668,144.26	  	  	 	15.8136676	% 	  	€	3,162,733.52	  	  	 	15.8136676	% 
	 Total
	  	€	7,821,199.15	  	  	$	10,548750.00	  	  	 	100.000000000	% 	  	€	20,000,000	  	  	 	100.000000000	% 

 ANNEX II 

SCHEDULE 7.02(h) 
 WET CHINA PROJECT DESCRIPTION 
 The Registrant hereby agrees to furnish
supplementally a copy of any omitted Schedule to the Commission upon request.Amended and Restated Executive Change of Control Severance Agreement

 Exhibit 10.1 
 PENN VIRGINIA CORPORATION 
 AMENDED AND RESTATED 

EXECUTIVE CHANGE OF CONTROL SEVERANCE AGREEMENT 
 This Amended and Restated Executive Change of Control Severance Agreement (“Agreement”) between Penn Virginia Corporation, a Virginia corporation (the “Company”), and H. Baird
Whitehead (“Executive”) is made and entered into effective as of December 20, 2012 (the “Effective Date”). 
 WHEREAS, Executive is a key executive of the Company; and 
 WHEREAS,
the Company and Executive previously entered into that certain Amended and Restated Executive Change of Control Severance Agreement dated October 17, 2008 (the “Prior Agreement”); and 

WHEREAS, the Board of Directors of the Company (the “Board”) recently adopted the Company’s 2013 Amended and
Restated Long-Term Incentive Plan (as hereafter amended and together with any successor or other similar plan, the “Plan”); and 
 WHEREAS, the Company and Executive desire to amend and restate the Prior Agreement to make it consistent with the Plan; and 
 WHEREAS, the Compensation and Benefits Committee (the “Committee”) of the Board has authorized and directed the Company to enter into this Agreement; 

THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and
Executive agree as follows: 
  

	 	1.	Term of Agreement. 

  

	 	A.	The term of this Agreement (the “Term”) shall commence on the Effective Date and shall continue in effect through the second anniversary of the Effective
Date; provided, however, that commencing on the first day following the Effective Date and on each day thereafter, the Term of this Agreement shall automatically be extended for one additional day unless the Company shall give written notice to
Executive that the Term shall cease to be so extended, in which event this Agreement shall terminate on the second anniversary of the date such notice is given. 

 

	 	B.	Notwithstanding anything in this Agreement to the contrary, if a Change of Control occurs during the Term of this Agreement, the Term shall automatically be extended
until, and shall terminate on, the 24-month anniversary of the date of the Change of Control. 

  

	 	C.	Termination of this Agreement shall not alter or impair any rights of Executive arising hereunder on or before such termination. 

	 	2.	Certain Definitions. 

  

	 	A.	“Affiliate” shall mean, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is
controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person,
whether through ownership of voting securities, by contract or otherwise. 

  

	 	B.	“Bonus” shall mean an amount equal to the highest annual cash bonus paid or payable to Executive by the Company during the two-year period prior to
Executive’s termination of employment. 

  

	 	C.	“Cause” shall mean (i) the willful and continued failure by Executive to substantially perform Executive’s duties with the Company or any
Affiliate (other than any such failure resulting from Executive’s incapacity due to physical or mental illness), (ii) Executive is convicted of a felony, (iii) Executive willfully engages in gross misconduct materially and
demonstrably injurious to the Company or any Affiliate or (iv) Executive commits one or more significant acts of dishonesty as regards the Company or any Affiliate. For purposes of clause (i) of this definition, no act, or failure to act,
on Executive’s part shall be deemed “willful” unless done, or omitted to be done, by Executive not in good faith and without reasonable belief that Executive’s act, or failure to act, was in the best interest of the Company. In
the case of clauses (i), (iii) and (iv) above, the determination of whether Cause exists shall only be made by a resolution duly adopted by the affirmative vote of not less than two-thirds of the entire membership of the Board at a meeting
of the Board that was called for the purpose of considering such termination (after reasonable notice to Executive and an opportunity for Executive, together with Executive’s counsel, to be heard before the Board and, if possible, to cure the
breach that was the alleged basis for Cause) finding that, in the good faith opinion of the Board, Executive was guilty of conduct constituting Cause and specifying the particulars thereof in detail. 

 

	 	D.	“Change of Control” shall mean the occurrence of any of the following: 

 

	 	(i)	any Person or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), other
than a trustee or other fiduciary holding securities under an employee benefit plan of the Company, becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company
representing 25% or more of the combined voting power of the Company’s then outstanding voting securities; 

  
 2 

	 	(ii)	during any period of two consecutive years (not including any period prior to the effective date of the Prior Agreement), individuals who at the beginning of such
period constitute the Board, and any new director (other than a director designated by a person who has entered into an agreement with the Company to effect a transaction described in clause (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 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 thereof; 

  

	 	(iii)	the consummation of a merger or consolidation of the Company with any other corporation or other entity, other than a merger or consolidation which would result in the
voting securities of the 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 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 Company approve a plan of complete liquidation of the Company; or 

 

	 	(v)	the sale or disposition by the Company of all or substantially all of the assets of the Company. 

 

	 	E.	“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated thereunder.

  

	 	F.	“Good Reason” shall mean: 

  

	 	(i)	a reduction in Executive’s authority, duties, titles, status or responsibilities from those in effect immediately prior to the Change of Control or the assignment
to Executive of duties or responsibilities inconsistent in any respect from those of Executive in effect immediately prior to the Change of Control, but excluding any action or omission by the Company that is immaterial, isolated, insubstantial and
inadvertent and which was not taken in bad faith by the Company and is remedied by the Company promptly after receipt of notice thereof given by Executive; 

  
 3 

	 	(ii)	a material breach of this Agreement by the Company; 

  

	 	(iii)	the Company fails to obtain a written agreement from any successor or assigns of the Company to assume and perform this Agreement as provided in Section 7 hereof;
or 

  

	 	(iv)	the relocation by more than 100 miles of the Company’s offices at which the Executive is based immediately prior to the Change of Control or the Company requires
Executive, without Executive’s written consent, to be based at any office other than the Company’s office at which the Executive was based prior to the Change in Control if the new office location is more than 50 miles away from the
original office location. 

 Executive shall give the Company notice in accordance with Section 9 below
within 90 days following an act or omission to act by the Company constituting Good Reason hereunder of Executive’s intent to resign for Good Reason, and the Company shall have 30 days from the date of such notice to cure the circumstances or
events giving rise to Executive’s right to resign for Good Reason, if capable of being cured, so as to eliminate the existence of Good Reason for Executive’s resignation, and, in the event the Company does not cure such circumstances or
events, then unless Executive terminates his employment upon the expiration of the foregoing 30-day cure period, Executive’s continued employment after the expiration of such 30-day cure period shall constitute Executive’s consent to, and
a waiver of Executive’s rights with respect to, such act or failure to act. Executive’s right to terminate Executive’s employment for Good Reason shall not be affected by Executive’s incapacity due to physical or mental illness.
Executive’s determination that an act or failure to act constitutes Good Reason shall be presumed to be valid unless such determination is deemed by an arbitrator to be unreasonable and not to have been made in good faith by Executive.

 For purposes of this Agreement, the Company shall be in material breach of this Agreement if (i) the Company reduces
Executive’s annual rate of base salary by an amount which results in Executive receiving an annual base salary which is less than 95% of Executive’s Termination Base Salary or (ii) the Company fails to continue in effect any material
incentive compensation plan or arrangement (unless replacement plans providing Executive with substantially similar benefits are adopted) or the Company takes any action that would adversely affect Executive’s participation in any such plan or
arrangement or reduce Executive’s incentive compensation opportunities under such plan or arrangement, as the case may be. 

  
 4 

	 	G.	“Person” shall mean an individual or a corporation, limited liability company, partnership, joint venture, trust, unincorporated organization,
association, government agency or political subdivision thereof or other entity. 

  

	 	H.	“Protected Period” shall mean the 24-month period beginning on the effective date of a Change of Control. 

 

	 	I.	“Termination Base Salary” shall mean that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior
to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter. 

  

	 	3.	Change of Control Severance Benefits. 

 If (a) Executive terminates his employment with the Company during the Protected Period for a Good Reason event or (b) the Company terminates Executive’s employment during the Protected
Period other than (i) for Cause or (ii) due to Executive’s inability to perform the primary duties of his position for at least 180 consecutive days due to a physical or mental impairment, Executive shall receive the following
compensation and benefits from the Company subject to the execution (and non-revocation within eight days thereafter) and delivery to the Company of a release, substantially in the form attached as Exhibit A hereto, with such changes as the Company
reasonably determines must be made to comply with applicable law at the time of such execution (the “Release”): 
  

	 	A.	 The Company shall, at the time provided in Section 3H, pay to Executive in a lump sum, in cash, an amount equal to three times the sum of
Executive’s (i) Termination Base Salary and (ii) Bonus; provided, however, that, if any payment to be made, or benefit to be provided, to or on behalf of Executive pursuant to this Agreement (the “Payments”) results in
Executive being subject to the excise tax imposed by Section 4999 of the Code (or any successor or similar provision) (the “Excise Tax”), the amount payable to Executive under this Section 3A shall be reduced so that the Payments
do not result in Executive being subject to the Excise Tax. One or more determinations as to (a) whether any of the Payments will be subject to the Excise Tax and (b) the amount of the Excise Tax imposed thereon, shall be made by the
Company in consultation with such accounting and tax professionals as the Company considers necessary (with all costs related thereto paid by the Company). For purposes of determining whether any of the Payments will be subject to the Excise Tax,
(i) all of the Payments shall be treated as “parachute payments” (within the meaning of section 280G of the Code) unless and to the extent that, in the written advice of an independent accountant selected (and paid for) by the Company
and reasonably acceptable to Executive (the “Accountant”), certain Payments should not constitute parachute payments, and (ii) all “excess parachute payments” (within the meaning of

  
 5 

	 	
section 280G of the Code) shall be treated as subject to the Excise Tax unless and only to the extent that the Accountant advises the Company that such excess parachute payments are not subject
to the Excise Tax. 

  

	 	B.	As of the date of Executive’s termination of employment (i) all Plan awards of Executive (other than options or stock appreciation rights) shall become 100%
vested and all restrictions thereon shall lapse and the Company shall promptly deliver to Executive that amount of cash or that number of unrestricted shares of Company stock, as applicable, payable upon the occurrence of a change of control under
the award agreements related to such Plan awards (whether or not there has been a change of control as defined in the Plan) and (ii) each outstanding option and stock appreciation right of Executive shall become 100% vested and exercisable and
shall, notwithstanding anything stated to the contrary in the Plan or any award agreement related thereto, remain exercisable for the remainder of such option’s or stock appreciation right’s term and, if the Company is not the surviving
entity upon such Change of Control (or survives only as a subsidiary of another entity), unless the Committee has determined otherwise, all options and stock appreciation rights of Executive which were not exercised at the time of such Change of
Control shall be converted into or replaced by options, stock appreciation rights or other similar rights of comparable value in the surviving entity. To the extent payment with respect to any award described above constitutes a payment event for
purposes of section 409A of the Code, payment shall be made at the time specified hereunder only if the transaction constituting a Change of Control is a “change in control event” within the meaning given such term under section 409A of
the Code and the regulations thereunder. If the transaction constituting a Change of Control is not a “change in control event” within the meaning given such term under section 409A of the Code and the regulations thereunder, payment with
respect to any such award shall be made at such time or times as set forth in the Plan, or any grant agreement related thereto. 

  

	 	C.	The Company shall pay to Executive in a lump sum, at the time provided in Section 3H, that amount equal to three times the product of (x) the total medical
and dental insurance premiums paid or payable by the Company with respect to Executive and Executive’s eligible family members during the month in which Executive’s employment terminates times (y) 12. 

 

	 	D.	 For the 24-month period beginning on the date on which Executive’s employment terminates, or until Executive begins other full-time employment
with a new employer, whichever occurs first, Executive shall be entitled to receive outplacement services that are directly related to Executive’s termination of employment and are actually provided by an outplacement services firm, paid by the
Company, with a nationally prominent executive outplacement service firm selected by the Company and reasonably acceptable to Executive; provided, however, that the 

  
 6 

	 	
period during which the outplacement services will be covered and the reimbursements paid do not extend beyond the periods set forth in Treas. Reg. §1.409A-1(b)(9)(v)(E).

  

	 	E.	Within one week following the eighth day after the execution (without revocation) of the Release, the Company shall provide to Executive a release substantially in the
form attached hereto as Exhibit B, with such changes as the Company reasonably determines must be made to comply with applicable law at the time of such execution. If the Company does not provide the release required pursuant to this subsection E,
the Release shall be null, void and without effect, and Executive shall still receive all of the payments and benefits described in subsections A through D above. 

 

	 	F.	If Executive’s employment with the Company terminates prior to, but within six months of, the date on which a Change of Control occurs, and it is reasonably
demonstrated by Executive that such termination of employment was (i) by the Company in connection with or in anticipation of the Change of Control or (ii) by Executive under circumstances which would have constituted Good Reason if the
circumstances arose on or after the Change of Control, then for all purposes of this Agreement the Change of Control shall be deemed to have occurred, and the Protected Period shall be deemed to have commenced, on the date immediately prior to the
date of such termination of Executive’s employment; provided, however, that the amount of payments and benefits that Executive is entitled to receive hereunder as a result of such Change of Control shall be reduced by the amount of all other
severance payments and benefits previously received by Executive in connection with such termination and, notwithstanding any provision to the contrary herein, shall be paid to Executive within 30 days after the six-month anniversary of the date of
Executive’s termination of employment. If Executive’s employment with the Company terminates as set forth in this Section 3F, the amount of payments and benefits that Executive is entitled to receive hereunder as a result of a Change
of Control shall be paid in the form of a lump sum only if the transaction constituting a Change of Control is a “change in control event” within the meaning given such term under section 409A of the Code and the regulations thereunder. If
the transaction constituting a Change of Control is not a “change in control event” within the meaning given such term under section 409A of the Code and the regulations thereunder, the amount of payments and benefits that Executive is
entitled to receive hereunder as a result of a Change of Control shall be paid in the same form as the other severance payments and benefits previously received by Executive in connection with such termination. 

 

	 	G.	The Company may withhold from any amounts or benefits payable under this Agreement all such amounts as it shall be required to withhold pursuant to any applicable law
or regulation. 

  
 7 

	 	H.	Payment of the amounts described in subsections A through C above shall be made within 30 days of Executive’s date of termination (provided that the Release has
been executed and has not been revoked) and shall be made by mail to the last address provided for notices to Executive pursuant to Section 9 of this Agreement. Any payment not timely made by the Company under this Agreement shall bear interest
at 18% per annum or, if less, at the highest nonusurious rate permitted by applicable law. 

 This Agreement
shall be interpreted to avoid any penalty sanctions under section 409A of the Code. If any payment or benefit cannot be provided or made at the time specified herein without incurring sanctions under section 409A of the Code, then such benefit or
payment shall be provided in full at the earliest time thereafter when such sanctions will not be imposed. For purposes of section 409A of the Code, all payments to be made upon a termination of employment under this Agreement may only be made upon
a “separation from service” within the meaning of such term under section 409A of the Code and each payment under this Agreement shall be treated as a separate payment. All reimbursements and in-kind benefits provided under this Agreement
shall be made or provided in accordance with the requirements of section 409A of the Code, including, where applicable, the requirement that (i) any reimbursement shall be for expenses incurred during Executive’s lifetime (or during a
shorter period of time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be
provided, in any other calendar year, (iii) the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the year in which the expense is incurred and (iv) the right to reimbursement or
in-kind benefits is not subject to liquidation or exchange for another benefit. 
 Notwithstanding any provision
of this Agreement to the contrary, if, at the time of Executive’s “separation from service” with the Company, the Company has securities which are publicly traded on an established securities market and Executive is a “specified
employee” (as defined in section 409A of the Code) and it is necessary to postpone the commencement of any compensation payments or benefits otherwise payable pursuant to this Agreement as a result of such “separation from service” to
prevent any accelerated or additional tax under section 409A of the Code, then the Company will postpone the commencement of the payment of any such compensation payments or benefits hereunder (without any reduction in such payments or benefits
ultimately paid or provided to Executive) that are not otherwise paid within the “short-term deferral exception” under Treas. Reg. section 1.409A-1(b)(4) and the “separation pay exception” under Treas. Reg. section
1.409A-1(b)(9)(iii), until the first payroll date that occurs after the date that is six months following Executive’s “separation from service” with the Company. If any payments or benefits are postponed due to such requirements, such
amounts will be paid in a lump sum to Executive on the first payroll date that occurs after the date that is six months following 

  
 8 

 
Executive’s “separation from service” with the Company. If Executive dies during the postponement period prior to the payment of the postponed amount, the amounts postponed on
account of section 409A of the Code shall be paid to the personal representative of Executive’s estate within 60 days after the date of Executive’s death. In no event shall Executive, directly or indirectly, designate the calendar year of
payment. 
  

	 	4.	Restrictive Covenants. 

  

	 	A.	Confidential Information. Executive recognizes and acknowledges that, by reason of his employment by and service to the Company, he has had and will continue to
have access to confidential information of the Company and its Affiliates, including, without limitation, analyses, interpretations, compilations, reports, reservoir data, geologic and geophysical data, maps, models, financial data, environmental
data, information and knowledge pertaining to products and services offered, plans, trade secrets, proprietary information, customer lists and relationships among the Company and its Affiliates and distributors, customers, suppliers and others who
have business dealings with the Company and its Affiliates (“Confidential Information”). Executive acknowledges that such Confidential Information is a valuable and unique asset and covenants that he will not, either during or after his
employment by the Company, disclose any such Confidential Information to any Person for any reason whatsoever without the prior written consent of the Board, unless such information is in the public domain through no fault of Executive or except as
may be required by law. 

  

	 	B.	Non-Solicitation. Executive shall not, directly or indirectly, during his employment by the Company and for a period of two years thereafter, solicit or divert
business from, or attempt to convert any account or customer of the Company or any of its Affiliates, whether existing at the date hereof or acquired during Executive’s employment. 

 

	 	5.	Equitable Relief. 

  

	 	A.	Executive acknowledges that the restrictions contained in Section 4 hereof are reasonable and necessary to protect the legitimate interests of the Company and its
Affiliates, that the Company would not have entered into this Agreement in the absence of such restrictions and that any violation of any provision of those Sections will result in irreparable injury to the Company. Executive further represents and
acknowledges that (i) he has been advised by the Company to consult his own legal counsel in respect of this Agreement and (ii) he has had full opportunity, prior to execution of this Agreement, to review thoroughly this Agreement with his
counsel. 

  

	 	B.	 Executive agrees that the Company or any Affiliate shall be entitled to preliminary and permanent injunctive relief, without the necessity of

  
 9 

	 	
proving actual damages or posting a bond, as well as to an equitable accounting of all earnings, profits and other benefits arising from any violation of Section 4 hereof, which rights shall
be cumulative and in addition to any other rights or remedies to which the Company or any Affiliate may be entitled. In the event that any of the provisions of Section 4 hereof should ever be adjudicated to exceed any limitations permitted by
applicable law in any jurisdiction, then such provisions shall be deemed reformed in such jurisdiction to the maximum limitations permitted by applicable law. 

 

	 	C.	Executive irrevocably and unconditionally (i) agrees that any suit, action or other legal proceeding arising out of Section 4 hereof, including without
limitation, any action commenced by the Company or any Affiliate for preliminary and permanent injunctive relief or other equitable relief, may be brought in the United States District Court for the Eastern District of Pennsylvania, or if such court
does not have jurisdiction or will not accept jurisdiction, in any court of general jurisdiction in Philadelphia, Pennsylvania, (ii) consents to the non-exclusive jurisdiction of any such court in any such suit, action or proceeding and
(iii) waives any objection which Executive may have to the laying of venue of any such suit, action or proceeding in any such court. Executive also irrevocably and unconditionally consents to the service of any process, pleadings, notices or
other papers in a manner permitted by the notice provisions of Section 9 hereof. In the event of a lawsuit by either party to enforce the provisions of Section 4 of this Agreement, the prevailing party shall be entitled to recover
reasonable costs, expenses and attorneys’ fees from the other party. 

  

	 	D.	Executive agrees that he will provide, and that the Company may similarly provide, a copy of Section 4 hereof to any business or enterprise (i) which he may
directly or indirectly own, manage, operate, finance, join, control or participate in the ownership, management, operation, financing or control of or (ii) with which he may be connected as an officer, director, employee, partner, principal,
agent, representative, consultant or otherwise, or in connection with which he may use or permit his name to be used. 

  

	 	6.	No Mitigation. 

 Executive
shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise nor shall the amount of any payment or benefit provided for in this Agreement be reduced as the result of employment
by another employer or self-employment or offset against any amount claimed to be owed by Executive to the Company or otherwise, except that Executive shall waive, in a manner acceptable to the Company in its reasonable judgment, all rights to
receive any severance payments or benefits that Executive is entitled to receive pursuant to any other Company severance plan or program. 

  
 10 

	 	7.	Successor Agreement. 

 The
Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to, and each successor shall, assume expressly in writing prior
to the effective date of such succession and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no succession had taken place. Failure of the successor to so assume as provided
herein shall constitute a breach of this Agreement and entitle Executive to the payments and benefits hereunder as if triggered by a termination of Executive by the Company other than for Cause on the date of such succession. 

 

	 	8.	Indemnity. 

 In any
situation where under applicable law the Company has the power to indemnify, advance expenses to and defend Executive in respect of any judgments, fines, settlements, losses, costs or expenses (including attorneys’ fees) of any nature related
to or arising out of Executive’s activities as an agent, employee, officer or director of the Company or any Affiliate or in any other capacity on behalf of or at the request of the Company or any Affiliate, then the Company or any Affiliate
shall promptly on written request, fully indemnify Executive, advance expenses (including attorneys’ fees) to Executive and defend Executive to the fullest extent permitted by applicable law, including but not limited to making such findings
and determinations and taking any and all such actions as the Company or any Affiliate may, under applicable law, be permitted to take so as to effectuate such indemnification, advancement or defense. Such agreement by the Company shall not be
deemed to impair any other obligation of the Company respecting Executive’s indemnification or defense otherwise arising out of this or any other agreement or promise of the Company under any statute. 

 

	 	9.	Notices. 

 All notices and
other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as set forth below or to such other address as either
party shall have furnished to the other in writing in accordance herewith. Notices and communications shall be effective when actually received by the addressee. 

  
 11 

 If to the Company: 
 Four Radnor Corporate Center 
 Suite 200 

100 Matsonford Road 
 Radnor, Pennsylvania 19087 
 If to Executive: 

The address included in the Company’s records for purposes of delivering Executive’s Form W-2s. 

 

	 	10.	Arbitration. 

 Any dispute
about the validity, interpretation, effect or alleged violation of this Agreement, other than with respect to Section 4 or 5 (an “arbitrable dispute”), must be submitted to confidential arbitration in Philadelphia, Pennsylvania.
Arbitration shall take place before an experienced employment arbitrator licensed to practice law in such state and selected in accordance with the Model Employment Arbitration Procedures of the American Arbitration Association. Arbitration shall be
the exclusive remedy of any arbitrable dispute. The Company shall bear all fees, costs and expenses of arbitration, including its own, those of the arbitrator and those of Executive unless the arbitrator provides otherwise with respect to the fees,
costs and expenses of Executive; in no event shall Executive be chargeable with the fees, costs and expenses of the Company or the arbitrator. The Company shall advance to Executive all expenses incurred by Executive in connection with an arbitrable
dispute and, if the arbitrator determines that Executive is the losing party in such dispute, Executive shall reimburse such expenses to the Company unless the arbitrator provides otherwise. Should any party to this Agreement pursue any arbitrable
dispute by any method other than arbitration, the other party shall be entitled to recover from the party initiating the use of such method all damages, costs, expenses and attorneys’ fees incurred as a result of the use of such method.
Notwithstanding anything herein to the contrary, nothing in this Agreement shall purport to waive or in any way limit the right of any party to seek to enforce any judgment or decision on an arbitrable dispute in a court of competent jurisdiction.
Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts in Philadelphia, Pennsylvania for the purposes of any proceeding arising out of this Agreement. 

 

	 	11.	Governing Law. 

 This
Agreement will be governed by and construed in accordance with the laws of the Commonwealth of Virginia without regard to conflicts of law principles. 

  
 12 

	 	12.	Entire Agreement. 

 This
Agreement is an integration of the parties’ agreement and no agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not set forth expressly in
this Agreement. This Agreement specifically supersedes and replaces the Prior Agreement. 
  

	 	13.	Severability. 

 The
invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 

 

	 	14.	Amendment and Waivers. 

No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is (a) agreed to
in writing and signed by Executive and the Company and (b) approved by the Chairperson of the Committee. No waiver by either party hereto at any time of any breach by the other party hereto of, or of compliance with, any condition or provision
of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 
 [Signature Page Follows] 

  
 13 

 IN WITNESS WHEREOF, the Company and Executive have executed this Agreement
effective for all purposes as of the Effective Date. 
  

			
	PENN VIRGINIA CORPORATION
		
	 By:
	 	 /s/ NANCY M. SNYDER

	 Name:
	 	Nancy M. Snyder
	 Title:
	 	 Executive Vice President and

Chief Administrative Officer

  

	
	EXECUTIVE
	
	 /s/ H. BAIRD WHITEHEAD

	H. Baird Whitehead

 [Signature Page to Amended and Restated Executive Change of Control Severance Agreement]

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