On January 18, 2018, SVP, Strategic Value Opportunities Fund, L.P., Strategic Value Special Situations Fund III, L.P., and Strategic Value Master Fund, LTD. entered into a support agreement with Penn Virginia Corporation. Pursuant to the support agreement, and concurrently with the execution of the support agreement, the Company, among other things, effective January 19, 2018, (i) increased the number of directors on the Board such that there would be 2 vacancies on the Board and (ii) elected Geenberg to fill one of the newly created vacancies.