Company: GLASF
Filing Date: 2025-06-24
Form Type: S-8
Source: 0001104659-25-062106
Chunk: 4

Company: Glass House Brands Inc.
Filing Date: 2025-06-24
Form: S-8
Chunk 4
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stances apply:

| (a) | if the indemnity or payment is made under an earlier agreement to indemnify or pay expenses and, at the                                  
 time such agreement was made, the company was prohibited from giving the indemnity or paying the expenses by its memorandum or articles; |

| (b) | if the indemnity or payment is made otherwise than under an earlier agreement to indemnify or pay expenses                            
 and, at the time that the indemnity or payment is made, the company is prohibited from giving the indemnity or paying the expenses by 
 its memorandum or articles;                                                                                                           |

| (c) | if, in relation to the subject matter of the eligible proceeding, the eligible party did not act honestly               
 and in good faith with a view to the best interest of the company or the associated corporation, as the case may be; or |

| (d) | in the case of an eligible proceeding other than a civil proceeding, if the eligible party did not have                       
 reasonable grounds for believing that the eligible party’s conduct in respect of which the proceeding was brought was lawful. |

Additionally, if an eligible
proceeding is brought against an eligible party by or on behalf of the company or an associated corporation, the company must not indemnify
the eligible party or pay or advance the expenses of the eligible party in respect of the proceeding.

Whether or not payment of
expenses or indemnification has been sought, authorized, or declined under the BCBCA, Section 164 of the BCBCA provides that, on
the application of a company or an eligible party, the Supreme Court of British Columbia may do one or more of the following:

| (a) | order a company to indemnify an eligible party against any liabilities incurred by the eligible party 
 in respect of an eligible proceeding;                                                                 |

| (b) | order a company to pay some or all of the expenses incurred by an eligible party in respect of an eligible 
 proceeding;                                                                                                |

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| (c) | order the enforcement of, or any payment under, an agreement of indemnification entered into by a company; |

| (d) | order a company to pay some or all of the expenses actually and reasonably incurred by any person in obtaining 
 an order under Section 164;                                                                                    |

| (e) | make any other order the court considers appropriate. |

The BCBCA provides that a
company may purchase and maintain insurance for the benefit of an eligible party or the heirs and personal