13D Filing: Orange Capital Cuts Bellatrix Exploration Ltd. (BXE) Position, Daniel Lewis Resigns from Board

Appendix B

TRANSACTIONS IN THE COMMON SHARES EFFECTED
BY THE REPORTING PERSONS

The following table sets forth all transactions with respect
to the shares effected during the last sixty days by any of the Reporting Persons.  Except as otherwise noted, all such
transactions in the table were effected in the open market, and the table includes commissions paid in per share prices. All share
prices below are reported in Canadian dollars.

Orange Fund

OC Offshore A

____________________________________

¹This transaction was executed
in multiple trades in the open market. The price reported above reflects the weighted average sale price per Common Share purchased.
The range of sales prices for these transactions is set forth above. The Reporting Persons hereby undertake to provide upon request
to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which
the transaction was effected.