NOTEHOLDER SUPPORT AGREEMENTNoteholder Support Agreement • August 27th, 2022 • Alberta
Contract Type FiledAugust 27th, 2022 JurisdictionThis support agreement dated as of June 19, 2020 (together with all schedules annexed hereto and incorporated herein, the "Agreement") is entered into by and among: (i) Bonavista Energy Corporation (the "Company"), and (ii) each of the other signatories to this Agreement (or a Joinder Agreement (as defined herein)) (each a "Conse nting Note holde r", and collectively the "Conse nting Note holde rs"), with each Consenting Noteholder being a holder of, and/or investment advisor or manager with sole investment discretion with respect to holdings in, the Company's Existing Senior Unsecured Notes (as defined herein) issued pursuant to the Existing Senior Unsecured Note Purchase Agreements (as defined herein), regarding a recapitalization transaction (the "Transaction") pursuant to which, among other things, all of the Company's Existing Senior Unsecured Notes will be exchanged for New Second Lien Notes, New Convertible Subordinate Notes and New Common Shares (each as defined herein) pursuan