{"url_path":"/sec/rnge/8-k/2026-06-03/item-2-03","section_key":"item-2-03","section_title":"Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-03","source_url":"https://www.sec.gov/Archives/edgar/data/1438943/0001493152-26-027049-index.html","accession_number":"0001493152-26-027049","cik":"0001438943","ticker":"RNGE","issuer_name":"RANGE IMPACT, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1438943/0001493152-26-027049-index.html","primary_entity_key":"0001438943","primary_entity_name":"RANGE IMPACT, INC."},"word_count":404,"has_tables":true,"body_markdown":"**Item\n2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant**\n\n \n\nOn\nMay 31, 2026, Range Bluegrass Land, LLC (“Range Bluegrass”), a wholly owned subsidiary of the Company, became subject to\na contingent obligation in connection with a Contingent Performance Note (the “Note”) issued in favor of Tacora Capital,\nLP (“Tacora Capital”) by certain third-party obligors, including Cumberland Coal Holdings, LLC, Cumberland Coal Investments,\nLLC, certain affiliated series entities, and Cumberland Coal Corporation (collectively, the “Obligors”). The Note provides\nfor aggregate contingent payments to Tacora Capital of up to $25,000,000, payable from the net proceeds of certain sale transactions\ninvolving the Obligors’ assets or equity.\n\n \n\nPursuant\nto Section 6.2 of the Note, Range Bluegrass agreed to certain contingent obligations with respect to any deficiency remaining under the\nNote after the completion of specified sale transactions by the Obligors (a “Contingent Performance Note Deficiency”). If a sale transaction results in a Contingent Performance Note Deficiency, Range Bluegrass and Tacora Capital agreed\nto work in good faith to enter into a joint venture with respect to maximizing the value of the New Frontier Mineral Reserves (as defined\nin the Letter Agreement referenced above in Item 1.01 and attached hereto as Exhibit 10.4), known as the “Investment Recovery Opportunity.”\nNo other real or personal property of Range Bluegrass is included in the Investment Recovery Opportunity.\n\n \n\nThe\nCompany was not a direct obligor under the Note. However, because Range Bluegrass is a wholly owned subsidiary of the Company, the\nCompany may be indirectly exposed to financial obligations arising from Range Bluegrass’s contingent commitments under the\nNote with respect to the Investment Recovery Opportunity.\n\n \n\nThe\ncontingent obligation is not fixed and will arise, if at all, only upon the occurrence of future events, including (i) the\nconsummation of certain sale transactions by the Obligors and (ii) a resulting shortfall in payments under the Note. Accordingly,\nthe amount and timing of any potential payments by a newly created joint venture between Range Bluegrass and Tacora, whose sole asset would be the New Frontier Mineral Reserves, cannot be determined at this time.\n\n \n\nThe\nforegoing description of the Note and the obligations contemplated by Section 6.2 does not purport to be complete and is qualified\nin its entirety by reference to the full text of the Contingent Performance Note, which is filed as an exhibit hereto as Exhibit\n10.5 and incorporated herein by reference."}