July 13, 2021


ENVIROGOLD GLOBAL LIMITED (formerly “Range Energy Resources

Inc. “, the” Company “)


Blocking agreement


  1. The undersigned (the “Incumbent“) understands that the Company entered into a business combination agreement dated March 26, 2021 (the”Business combination agreement“) with EnviroGold Global (CAN) Ltd. (“EGGL“) in connection with the proposed business combination of the Company with EGGL (the”Commercial combination“).
  2. All capitalized terms not defined herein have the meanings given to them in the Business Combination Agreement.
  3. In consideration for the advantage that the Business Combination will confer on the Holder, and for any other good and valuable consideration, the receipt and sufficiency of which are hereby recognized, the Holder accepts that during the period beginning on the date of completion of the Combination Company (the “Effective date“) and ending on the date 36 months after (the”LockingPeriod“), the Holder will not offer, sell, commit to sell, grant or sell any call option, purchase any option or contract to sell, mortgage, transfer , will not assign, lend, trade or enter into any other agreement to transfer the economic consequences of, or otherwise alienate or deal with (or agree to publicly announce any intention to do any of the above), whether through a stock exchange, by private placement or otherwise, any ordinary share of the Company, or other securities of the Company convertible into, exchangeable or exercisable to acquire ordinary shares of the Company, directly or indirectly (collectively, the “Securities concerned“) held by the Holder on the Effective Date, other than by virtue of the Business Combination. It is understood that the Holder may pledge the Securities concerned as collateral for a guaranteed loan.
  4. Section 3 above does not apply to (a) transfers to affiliated entities of the Holder, to family members of the Holder, or to any company, trust or other entity owned by or maintained for the benefit of the Holder, (b) transfers by will or intestate; (c) transfers occurring as of right, provided, in each case, that any transferee first performs a lock-up contract essentially in the form of these covering the remainder of the lock-up period, (d) transfers made pursuant to a authentic takeover bid or similar transaction made to all holders of common shares of the Company, other than the Business Combination, and including, without limitation, a merger, arrangement or merger, involving a change of control of the Company, if applicable, and provided that in the event of non-completion of the takeover or acquisition transaction, the Subject Notes will remain subject to the restrictions contained in this blocking agreement; and (e) transfers made by the Company, which consent must not be unreasonably withheld.
  5. The Holder is the legal owner and beneficiary of, or the beneficial owner exercising control or direction over, all relevant Securities, free and clear of any privilege, indicated under the signature of the Holder on the signature page of this Agreement. The securities concerned are the only securities of the company held, directly or indirectly, or over which control or management is

exercised by the Holder. The Holder has the sole power of disposal and the sole power to accept the matters set out in this Agreement with regard to the Securities concerned. None of the securities referred to is the subject of any agreement, arrangement or restriction with regard to the voting thereof, except in the cases provided for in this agreement. With the exception of the securities concerned, the holder has no agreement or option or right or privilege liable to become an agreement or an option, for the purchase or acquisition or transfer to the holder of additional securities of the Company. No one has an agreement or an option, or a right or privilege (whether by law, pre-emptive or contractual), which could become an agreement or an option for the purchase, acquisition or the transfer of the holder of one of the securities concerned.

6. Notwithstanding the restrictions on transfers of Subject Securities under this blocking agreement, the Holder may undertake a transfer (sale or any other transaction related to Subject Securities) of Subject Securities on the basis of the following release schedule:

Release date



Securities concerned

to be freed

Effective date


6 months after the effective date


12 months after the effective date


18 months after the effective date


24 months after the effective date


30 months after the effective date


36 months after the effective date


  1. The holder declares and guarantees that he holds a valid and negotiable security in the securities concerned and understands that the company is relying on this the blocking agreement with a view to completing the business combination. The Holder further understands that this blocking agreement is irrevocable and binds the legal representatives, successors and assigns of the Holder, and will apply for the benefit of the Company and their respective legal representatives, successors and assigns.
  2. This The Lock-Up Agreement will be governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein and may be signed by facsimile or PDF signature and, so signed, will constitute an original.


2706791 ONTARIO INC.

signed “Allan Bezanson”

Name: Allan Bezanson

Title: Director

Number of Company shares beneficially owned at the date of this agreement:


Range Energy Resources Inc. published this content on November 19, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 19, 2021 11:03:01 PM UTC.

Public now 2021

Sales 2020

2020 net income -4.41 million

2020 net cash position 0.00 M

PER 2020 ratio
2020 yield
Capitalization 50.5 million
50.6 million
VE / Sales 2019
VE / Sales 2020
Number of employees 11
Free float 43.4%

Duration :


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Evolution of the income statement

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