SEC Contract Filing

Filing Date: 2015-07-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.03
<SEQUENCE>4
<FILENAME>ex1003.htm
<DESCRIPTION>EXHIBIT 10.03
<TEXT>
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<a name="s7E88F91301D2CC198495B2665CAB8FAC"></a><div><div style="line-height:120%;padding-bottom:8px;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit 10.03</font></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">EXECUTION COPY</font></div></div><br><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SHARE REPURCHASE AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">THIS SHARE REPURCHASE AGREEMENT (this &#8220;Agreement&#8221;) is made and entered into as of this 12</font><font style="font-family:inherit;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">th</sup></font><font style="font-family:inherit;font-size:12pt;">&#32;day of May, 2015, by and among Randall L. Crawford (the &#8220;Seller&#8221;) and EQT Corporation, a Pennsylvania corporation (the &#8220;Purchaser&#8221;).</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">RECITALS</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Seller desires to sell to the Purchaser, and the Purchaser desires to purchase from the Seller, a number of shares of Common Stock, no par value, of the Purchaser with a value, based on the Purchase Price (as defined below), equal to $525,000 (the &#8220;Repurchase Shares&#8221;), on the terms and conditions set forth in this Agreement (the &#8220;Repurchase Transaction&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the members of the board of directors of the Purchaser have (i) received and reviewed all information they deemed necessary or appropriate in considering the Repurchase Transaction, (ii) concluded that it is in the best interests of the Purchaser to enter into the Repurchase Transaction in accordance with this Agreement and (iii) approved the Repurchase Transaction and related transactions that may be required in connection with the Repurchase Transaction.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOW, THEREFORE, in consideration of the premises and the agreements set forth below, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:center;text-indent:0px;"><font style="padding-bottom:16px;text-align:center;font-family:inherit;font-size:12pt;color:#010000;font-weight:bold;padding-right:96px;">Article I</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;<br>SALE AND PURCHASE OF REPURCHASE SHARES</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#010000;">Section 1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Purchase</font><font style="font-family:inherit;font-size:12pt;">. Upon the terms and subject to the conditions of this Agreement, and in reliance on the representations, warranties and agreements set forth in this Agreement, at the Closing (as defined below), the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase, acquire and accept from the Seller, the Repurchase Shares. The purchase price (the &#8220;Purchase Price&#8221;) for each Repurchase Share shall be equal to the closing price for the Purchaser&#8217;s Common Stock on the date prior to the Closing Date (as defined below) as reported on the New York Stock Exchange. Any fractional Repurchased Share shall be rounded to the next whole share. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;color:#010000;">Section 1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Closing</font><font style="font-family:inherit;font-size:12pt;">. The closing of the Repurchase Transaction (the &#8220;Closing&#8221;) will take place at the Purchaser&#8217;s offices in Pittsburgh, Pennsylvania on the business day following the pricing of EQT GP Holdings, LP&#8217;s anticipated initial public offering and after satisfaction or waiver of all conditions set forth in Section 1.3 hereof (the &#8220;Closing Date&#8221;). At the Closing, (a) the Seller shall deliver or cause to be delivered to the Purchaser all of the Seller&#8217;s right, title and interest in and to the Repurchase Shares (including causing the Repurchase Shares to be electronically transferred to the Purchaser