Company: GLASF
Filing Date: 2025-06-24
Form Type: S-8
Source: 0001104659-25-062106
Chunk: 5

Company: Glass House Brands Inc.
Filing Date: 2025-06-24
Form: S-8
Chunk 5
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 or other legal representatives
of the eligible party against any liability that may be incurred by reason of the eligible party being or having been a director or officer
of, or holding or having held a position equivalent to that of a director or officer of, the company or an associated corporation.

Company’s Amended and Restated Articles

The Company’s amended
and restated articles (the “Articles”) provide that the Company must, subject to the BCBCA, (i) indemnify an eligible
party and his or her heirs and legal personal representatives against all eligible penalties to which such person is or may be liable,
and the Company must, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by such
person in respect of that proceeding.

The Articles define “eligible
penalty” to mean a judgment, penalty, or fine awarded or imposed in, or an amount paid in settlement of, an eligible proceeding.
“Eligible proceeding” under the Articles means a legal proceeding or investigative action, whether current, threatened, pending
or completed, in which a director, former director or alternate director of the Company (an “eligible party”) or any of the
heirs and legal personal representatives of the eligible party, by reason of the eligible party being or having been a director or alternate
director of the Company (a) is or may be joined as a party, or (b) is or may be liable for or in respect of a judgment, penalty,
or fine in, or expenses related to, the proceeding.

The Articles further provide
that the Company may, subject to any restrictions in the BCBCA, indemnify any person, and that the failure of a director or officer of
the Company to comply with the BCBCA or the Articles does not invalidate any indemnity to which he or she is entitled under the Articles.

The Company is authorized
by the Articles to purchase and maintain insurance for the benefit of any person (or his or her heirs or legal personal representatives)
who: (i) is or was a director, officer, employee or agent of the Company; (ii) is or was a director, officer, employee or agent
of a corporation at a time when the corporation is or was an affiliate of the Company; (iii) at the request of the Company, is or
was a director, officer, employee or agent of a corporation or of a partnership, trust, joint venture or other unincorporated entity;
or (iv) at the request