SHAREHOLDER SUPPORT AND COMMITMENT AGREEMENTShareholder Support and Commitment Agreement • January 26th, 2023
This support agreement dated as of June 19, 2020 (together with all schedules annexed hereto and incorporated herein, the "Agreement") is entered into by and between: (i) Bonavista Energy Corporation (the "Company"), and G2S2 Capital Inc. (the "Supporting Shareholder"), being a holder of (i) common shares of the Company (the "Common Shares") and/or (ii) exchangeable shares of the Company (the "Exchangeable Shares" and together with the Common Shares, collectively, the "Shares"), regarding a recapitalization transaction (the "Transaction") involving the Company, as more fully set out in the term sheet attached as Schedule B hereto (the "Term Sheet"), which Transaction is to be implemented pursuant to a plan of arrangement (the "CBCA Plan") to be filed in proceedings (the "CBCA Proceedings") under the Canada Business Corporations Act commenced before the Court of Queen's Bench of Alberta (the "Court").
