Company: RNGE
Filing Date: 2025-06-04
Form Type: 8-K
Source: 0001641172-25-013607
Chunk: 0

Company: RANGE IMPACT, INC.
Filing Date: 2025-06-04
Form: 8-K
Item: Item 1.01
Chunk 0
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Item
1.01 Entry into a Material Definitive Agreement.

On
May 30, 2025, Range Sky View Land LLC (“ Range Sky”), a wholly-owned subsidiary of Range Impact, Inc. (the “ Company”),
entered into a Transaction Advisory Agreement (“ Advisory Agreement”) with AppleAtcha Land, LLC (“ AppleAtcha”)
and WV Reclaim Co, LLC (“ Reclaim”) pursuant to which AppleAtcha and Reclaim agreed to pay Range Sky $750,000 and $25,000,
respectively (collectively, the “ Advisory Fee”), in consideration of Range Sky’s provision of transition advisory services
in connection with the sale by AppleAtcha and Reclaim of (i) approximately 424.80 acres of surface interests and 3,773.60 acres of mineral
interests and (ii) three (3) related mining permits ((i) and (ii) collectively referred to herein as the “ Ramp Run Mine”).
The Advisory Fee is due and payable only upon the closing of the sale of the Ramp Run Mine to a third-party (the “ Payment Condition”).
The Advisory Agreement is terminable by any of the parties on written notice to the others provided that in the event that the Payment
Condition is satisfied within 120 days after the date of a termination by Reclaim and AppleAtcha, then in such case, Range Sky would
still be entitled to receive the Advisory Fee payable in full on the closing date of the sale. The Agreement also contains terms and
conditions that are customary and typical for a transaction of this nature.

AppleAtcha
is a wholly-owned subsidiary of Fola Landholding, LLC (“ Fola Holding”). Fola Holding is 80%-owned by Tower IV, LLC, an investment
entity owned by the daughters of Joseph E. LoConti, the Company’s largest shareholder (“ LoConti”). Devica Capital,
LLC (“ Devica”) owns the remaining 20% of AppleAtcha. Michael Cavanaugh (“ Cavanaugh”), the Company’s Chief
Executive Officer and member of the Company’s board of directors, owns100%
of Devica. LoConti and Cavanaugh are managers of Fola Holding and AppleAtcha. LoConti also indirectly owns approximately 9% of the outstanding
stock of Continental Heritage Insurance Company, a specialty insurance company, which has issued the reclamation bonds associated with
the Ramp Run Mine.

The
foregoing description of the Advisory Agreement does not purport to be complete and is