On August 18, 2021, Penn Virginia Corporation (the Company) entered into the Master Assignment, Agreement and Amendment No. 11 to Credit Agreement (the RBL Amendment) among Penn Virginia Holdings, LLC, as borrower (the Borrower), the Company, certain subsidiaries of the Company party thereto, certain lenders party thereto, Wells Fargo Bank, National Association, as administrative agent (the First Lien Agent) and as an issuing lender, Citibank, N.A., as the issuer of certain letters of credit and such other persons identified as a New Lender on the signature pages thereto. The RBL Amendment, in addition to other changes described in the RBL Amendment, amends the Credit Agreement dated as of September 12, 2016 (as amended, supplemented or otherwise modified to date, the Revolving Credit Agreement) to, on the date of the closing of the merger with Lonestar Resources US Inc. and satisfaction of other conditions set forth in the RBL Amendment (the Amendment Effective Date), (1) increase the borrowing base under the Revolving Credit Agreement to $600 million, with aggregate elected commitments of $400 million, (2) remove certain availability restrictions that were imposed under the terms of the Agreement and Amendment No. 9 to Credit Agreement, dated as of January 15, 2021, among the Borrower, the Company, the subsidiaries of the Company party thereto, the lenders party thereto and the First Lien Agent, (3) remove minimum hedging requirements, (4) remove the first lien leverage ratio covenant, (5) remove PV Energy Holdings, L.P. and PV Energy Holdings GP, LLC as guarantors, and (6) extend the maturity date to the date that is the four year anniversary of the Amendment Effective Date.