Common Contracts

LOCK-UP AGREEMENT

Lock-Up Agreement • May 6th, 2013 • Alberta

• Contract Type
  Lock-Up Agreement
• Filed
  May 6th, 2013
• Jurisdiction
  Alberta

WHEREAS the Holder is the owner of, or has the power to control or direct, the common shares (the “Subject Shares”) of Kulczyk Oil Ventures Inc. (the “Company”) and the amended and restated loan agreement dated December 11, 2012 between the Company, as the borrower, and the Holder, as the lender (the "KI Loan" and collectively with the Subject Shares, the “Subject Securities”) listed in Schedule “A” hereto. For greater certainty, the term “Subject Securities” shall include any Company Shares (as defined below) issuable upon the conversion of the KI Loan or other securities which the Subject Securities may be exercised, converted into or exchanged for;