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OPTION AWARD AGREEMENT
ACREAGE HOLDINGS, INC.
This Award Agreement is entered into between Acreage Holdings, Inc. (the
“Corporation”) and the Participant named below, pursuant to the Corporation's
Omnibus Incentive Plan dated November 14, 2018 (the “Plan”), a copy of which is
attached hereto as Schedule “A”, and confirms that on:
1.
[●] (the “Grant Date”), [●] (the “Participant”) was granted [●] Options
(“Awards”), in accordance with the terms of this Award Agreement and subject to
the provisions of the Plan.

2.
The Awards will vest as follows:

Number & Type of Awards
Vesting On
Exercise Price (USD)
Expiry Date
[●] - Options

One-third on the first anniversary of [●]; the remaining two-thirds vests
ratably over the subsequent eight quarters, as set forth on Schedule “B”

$[●]

[●]

all on the terms and subject to the conditions set out in the Plan.
3.
By signing this agreement, the Participant:

(a)
acknowledges that he or she has read and understands the Plan, agrees with the
terms and conditions thereof, which shall be deemed to be incorporated into and
form part of this Award Agreement (subject to any specific variations contained
in this Award Agreement);

(b)
acknowledges that he or she is responsible for paying any applicable taxes and
withholding taxes arising from the exercise of any Award, as further described
in Article 8 of the Plan;

(c)
agrees that an Award does not carry any voting rights until such time as the
Award is exercised, settled or exchanged, as applicable, for voting securities
of the Corporation;

(d)
acknowledges that the value of the Awards granted herein is in US$ denomination,
and such value is not guaranteed;

(e)
recognizes that the value of an Award upon vesting, settlement and/or exercise,
as applicable, is subject to stock market fluctuations;

(f)
recognizes that the Plan can be administered by a designee of the Compensation
and Corporate Governance Committee (the “Committee”) of the board of directors
of the Corporation (the “Board”) by virtue of Section 4(c) of the Plan and any
communication from or to the designee shall be deemed to be from or to the
Corporation;

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(g)
acknowledges that he or she has had an opportunity to obtain the advice of
counsel prior to executing this Award Agreement and has taken the opportunity to
obtain such independent legal advice or has elected not to do so, and fully
understands all provisions hereof and the Plan; and

(h)
agrees to accept as binding, conclusive and final all decisions or
interpretations of the Board or the Committee, if any, upon any questions
arising under and matters concerning the Plan or this Award Agreement.

Notwithstanding any other arrangements between the Corporation and the
Participant, in the event that the Participant’s employment is terminated
without cause or he or she resigns from his employment or office with the
Corporation, he or she will forfeit all unvested Awards.
IN WITNESS WHEREOF the Corporation and the Participant have executed this Award
Agreement as of ____________, [●].
ACREAGE HOLDINGS, INC.
By:
 
Name:
 
Title:
 

Name of Participant
 
Signature of Participant

Note to Plan Participants
This Award Agreement must be signed where indicated and returned to the
Corporation within 15 days of receipt. Failure to acknowledge acceptance of this
grant will result in the cancellation of your Awards.

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Schedule “A”
Omnibus Incentive Plan
(attached)

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Schedule “B”
Vesting Schedule
Vesting Date
Amount Vested
[●]
[●]
[●]
[●]
[●]
[●]
[●]
[●]
[●]
[●]
[●]
[●]
[●]
[●]
[●]
[●]
[●]
[●]
Total Options
[●]