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CONTRIBUTION AGREEMENT

Contribution Agreement

CONTRIBUTION AGREEMENT You are currently viewing:
This Contribution Agreement involves

PENN VIRGINIA GP HOLDINGS, L.P. | PENN VIRGINIA RESOURCE LP CORP | PENN VIRGINIA RESOURCE GP, LLC | KANAWHA RAIL CORP | PENN VIRGINIA RESOURCE GP CORP | PENN VIRGINIA GP HOLDINGS, L.P

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Title: CONTRIBUTION AGREEMENT
Governing Law: Delaware     Date: 12/13/2006
Industry: CCOALL     Sector: ENERGY

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Contribution Agreement

Exhibit 10.2

EXECUTION COPY

CONTRIBUTION AGREEMENT

By and Among,

PENN VIRGINIA RESOURCE LP CORP.,

PENN VIRGINIA RESOURCE GP, LLC,

KANAWHA RAIL CORP.,

PENN VIRGINIA RESOURCE GP CORP.,

and

PENN VIRGINIA GP HOLDINGS, L.P.

Dated as of December 8, 2006


TABLE OF CONTENTS

 

 

 

 

 

 

ARTICLE I

  

 

DEFINITIONS

  

 

 

 

ARTICLE II

  

 

CONTRIBUTION AND DISTRIBUTION TRANSACTIONS

  

 

 

 

 

Section 2.1

  

Distribution of the LTIP Units

  

3

Section 2.2

  

Contribution of Interest in PVR GP LLC by PVR GP Corp.

  

3

Section 2.3

  

Contribution of Interests in the MLP by PVR LP Corp and Kanawha

  

4

Section 2.4

  

Public Cash Contribution

  

4

Section 2.5

  

Payment of Transaction Expenses by PVG

  

4

Section 2.6

  

Issuance of New Certificates

  

4

Section 2.7

  

Certificate Legend

  

4

 

 

ARTICLE III

  

 

ADDITIONAL TRANSACTIONS

  

 

 

 

 

Section 3.1

  

Over-Allotment Option

  

5

Section 3.2

  

Purchase of Additional Interests in the MLP by PVG

  

5

 

 

ARTICLE IV

  

 

REPRESENTATIONS AND WARRANTIES

  

 

 

 

 

Section 4.1

  

Representations and Warranties of PVR GP Corp, PVR LP Corp and Kanawha

  

5

 

 

ARTICLE V

  

 

FURTHER ASSURANCES

  

 

 

 

ARTICLE VI

  

 

EFFECTIVE TIME

  

 

 

 

ARTICLE VII

  

 

INDEMNIFICATION

  

 

 

 

 

Section 7.1

  

Indemnification by the Penn Virginia Parties

  

7

Section 7.2

  

Indemnification by PVG

  

8

Section 7.3

  

Indemnification Procedure

  

8

 

 

ARTICLE VIII

  

 

MISCELLANEOUS

  

 

 

 

 

Section 8.1

  

Order of Completion of Transactions

  

9

Section 8.2

  

Costs

  

9

Section 8.3

  

Headings; References; Interpretation

  

9

Section 8.4

  

Successors and Assigns

  

10


 

 

 

 

 

Section 8.5

  

No Third Party Rights

  

10

Section 8.6

  

Counterparts

  

10

Section 8.7

  

Governing Law

  

10

Section 8.8

  

Severability

  

10

Section 8.9

  

Amendment or Modification

  

10

Section 8.10

  

Integration

  

10

Section 8.11

  

Deed; Bill of Sale; Assignment

  

11


CONTRIBUTION AND CONVEYANCE AGREEMENT

This Contribution and Conveyance Agreement, dated as of December 8, 2006 (this “Contribution Agreement”), is by and among PENN VIRGINIA RESOURCE LP CORP., a Delaware corporation (“PVR LP Corp”), PENN VIRGINIA RESOURCE GP, LLC, a Delaware limited liability company (“PVR GP LLC”), KANAWHA RAIL CORP., a Virginia corporation (“Kanawha”), PENN VIRGINIA GP HOLDINGS, L.P., a Delaware limited partnership (“PVG”), and PENN VIRGINIA RESOURCE GP CORP., a Delaware corporation (“PVR GP Corp”). The above-named entities are sometimes referred to in this Contribution Agreement each as a “Party” and collectively as the “Parties.” Capitalized terms used herein shall have the meanings assigned to such terms in Section 1.1.

W I T N E S S E T H:

WHEREAS, PVR GP Corp owns a 100% interest in PVR GP LLC, the general partner of Penn Virginia Resource Partners, L.P. (the “MLP”);

WHEREAS, the PVR GP LLC owns 306,327 common units representing limited partner interests in the MLP (the “LTIP Units”) and the 2.0% general partner interest in the MLP and the incentive distribution rights in the MLP;

WHEREAS, PVR LP Corp owns 14,074,682 common units representing limited partner interests in the MLP;

WHEREAS, Kanawha owns 1,050,612 common units representing limited partner interests in the MLP;

WHEREAS, PVR GP Corp and PVR LP Corp have formed PVG pursuant to the terms of the Delaware Revised Uniform Limited Partnership Act (the “Delaware LP Act”) for the purpose of facilitating the Offering;

WHEREAS, PVR GP Corp., PVR LP Corp and Kanawha desire to transfer the economic benefits of their existing ownership interests in the MLP GP and the MLP to PVG in order to promote the long-term growth opportunities of the Parties;

WHEREAS, in order to accomplish the objectives and purposes in the preceding recital, each of the following actions has been taken prior to the date hereof:

 

 

1.

PVR GP Corp has formed PVG GP, LLC ( “PVG GP”) pursuant to the terms of the Delaware LLC Act and contributed $1,000 to PVG GP in exchange for all of the member interests in PVG GP.

 

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