Document:

Exhibit
10.2 3 

 

EXECUTION
VERSION

 

second
AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS
SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is dated with effect as of
November 19, 2019 and is entered into by and among:

 

HARVEST
DISPENSARIES, CULTIVATIONS & PRODUCTION FACILITIES LLC

as Co-Borrower

 

-
and -

 

HARVEST
ENTERPRISES, INC.

as Co-Borrower

 

-
and -

 

BRIDGING
FINANCE INC.

as Lender and Agent

 

RECITALS

 

	A.	Harvest
    Dispensaries, Cultivations & Production Facilities LLC (“Harvest DCP”) and Harvest Enterprises, Inc.
    (“Enterprises”, and together with Harvest DCP, each a “Co-Borrower” and collectively,
    the “Co-Borrowers”), and each of their direct and indirect subsidiaries who are signatories hereto and
    set out in Schedule “A” hereto (each a “Guarantor” and collectively, the “Guarantors”),
    certain Lenders and Bridging Finance Inc. as agent for the Lenders are parties to an Amended and Restated Credit Agreement
    dated July 26, 2019, (as amended by a joinder and amending agreement dated August 26, 2019, a first amending agreement dated
    October 21, 2019 and as the same may be further amended, supplemented, restated, replaced or renewed from time to time, the
    “Credit Agreement”); 
	 	 
	B.	The
    Co-Borrowers have requested, and the Lenders and the Agent have agreed, subject to the terms and conditions set forth herein,
    to amend certain of the terms of the Credit Agreement relating to the Bridge Facility.

 

NOW
THEREFORE, in consideration of the continuation of accommodations of credit made available by the Agent and the Lenders to
the Credit Parties and the mutual covenants and agreements herein contained, the receipt and sufficiency of which are hereby acknowledged,
it is agreed as follows:

 

	1.	Definitions
	 	 
	 	All
    capitalized terms used in this Amendment, unless otherwise defined herein, shall have the meanings ascribed to such terms
    in the Credit Agreement.

 

    	 

    	- 2 -

    

 

	2.	Amendments
    to Credit Agreement
	 	 
	 	The
    Credit Agreement is hereby amended as follows:

 

	 	(a)	The
    definition of “Lenders” is hereby amended to include any and all lenders who have or may from time to time become
    a party to the Credit Agreement, including without limitation, pursuant to an assignment and transfer agreement.
	 	 	 
	 	(b)	Section
    5(b) of the Credit Agreement is hereby amended to increase the amount of the Bridge Facility by the principal amount of CAD
    $27,500,000 to be advanced by new Lenders pursuant to an assignment and transfer agreement dated with effect as of the date
    hereof to be executed and delivered by such new Lenders to and in favour of Agent contemporaneously with the execution and
    delivery of this Amendment which shall result in a total aggregate principal amount of the Bridge Facility being in the amount
    of CAD $62,500,000.
	 	 	 
	 	(c)	Section
    10.02 of the Credit Agreement is hereby amended to the effect that commencing on the effective date of this Amendment (the
    “Effective Date”), interest shall begin to accrue on the outstanding principal amount of the increase of
    the Bridge Facility hereunder at the rate of Bank of Montreal’s prime lending rate for Canadian dollar commercial loans
    in Canada plus 10.30% per annum, calculated monthly, not in advance, and such interest in respect of such increase in the
    principal amount of the Bridge Facility shall be paid monthly on the principal amount outstanding of such increased amount
    of the Bridge Facility commencing on the first Business Day of the month following the date of advance of such increase of
    the amount of the Bridge Facility hereunder, together with all interest accrued and owing thereon, for each such month during
    the Bridge Term with such entire principal amount and any interest owing thereon payable in full at the end of the Bridge
    Term.
	 	 	 
	 	(d)	Section
    23.09 of the Credit Agreement is hereby deleted in its entirety and replaced with the following:

 

	 	“(a)	Each
    Lender designates Agent to act as its administrative and collateral agent for it under this Agreement and the Security. Each
    Lender hereby irrevocably authorizes Agent to have exclusive authority to take such action on its behalf under the provisions
    of this Agreement and the Security and to exercise such powers and to perform such duties hereunder and thereunder as are
    specifically delegated to or required of Agent by the terms hereof and thereof and such other powers as are reasonably incidental
    thereto and Agent shall hold all Collateral, payments of principal and interest, fees, charges and collections received pursuant
    to this Agreement, for the benefit of itself and each Lender in accordance with the provisions hereof and any assignment and
    transfer agreement between the Agent and any Lender. Agent may perform any of its duties hereunder by or through its agents
    or employees. Notwithstanding the foregoing, Agent must receive written consent from each Lender prior to amending any provisions
    hereunder related to an extension of the Bridge Term, the applicable rate of interest as described in Section 10.02, the Repayments
    Events as applicable to the Bridge Facility and the release of any Security as applicable to the Bridge Facility.

 

    	 

    	- 3 -

    

 

	 	(b)	As
    to any matters not expressly provided for by this Agreement, Agent shall not be required to exercise any discretion or take
    any action, but may in its sole discretion determine to act or to refrain from acting (and shall be fully protected in so
    acting or refraining from acting), including without limitation, upon the instructions of the Lenders. Furthermore, the Agent
    shall not be required to take any action which, in Agent’s sole discretion, exposes Agent to liability or which is contrary
    to this Agreement or the Security or any Applicable Laws.
	 	 	 
	 	(c)	Agent
    shall have no duties or responsibilities except those expressly set forth in this Agreement and the Security. Neither Agent
    nor any of its officers, directors, advisors, employees or agents shall be (i) liable for any action taken or omitted by them
    as such hereunder or in connection herewith, unless caused by their gross (not mere) negligence or willful misconduct (as
    determined by a court of competent jurisdiction in a final non-appealable judgment), or (ii) responsible in any manner for
    any recitals, statements, representations or warranties made by any Credit Party, or any officer thereof contained in this
    Agreement, or in any of the Security or in any certificate, report, statement or other document referred to or provided for
    in, or received by Agent under or in connection with, this Agreement or any of the Security or for the value, validity, effectiveness,
    genuineness, due execution, enforceability, perfection or sufficiency of this Agreement, or any of the Security or for any
    failure of any Credit Party to perform its obligations hereunder. The duties of Agent as respects the advances shall be mechanical
    and administrative in nature only and nothing in this Agreement, expressed or implied, is intended to or shall be so construed
    as to impose upon Agent any obligations in respect of this Agreement or the transactions described herein except as expressly
    set forth herein.
	 	 	 
	 	(d)	Agent
    may employ agents and attorneys-in-fact and shall not be liable for the default or misconduct of any such agents or attorneys-in-fact
    selected by Agent with reasonable care.

 

    	 

    	- 4 -

    

 

	 	(e)	Notwithstanding
    any other provision hereof or any of the Credit Documents, any and all costs, fees, charges and expenses, including without
    limitation, any and all costs, fees, charges and expenses relating to the enforcement of any rights and remedies of the Agent
    and Lenders, and also including for greater certainty any and all payments of principal and interest in respect of the Primary
    Facility, received or incurred, as the case may be, in connection with this Agreement shall be payable first to Bridging Finance
    Inc., in its capacity as Agent and Lender hereunder, as the case may be, and all payments of principal and interest, but for
    greater certainty only in respect of the Bridge Facility, both before and after the occurrence of an Event of Default, shall
    be held by the Agent for the benefit of each of the Lenders (unless they are in default of any of their obligations to the
    Co-Borrowers or the Agent hereunder or under any other Credit Documents) on a pari passu basis based on the total amount
    of all principal amounts advanced by all the Lenders under the Bridge Facility and the principal amount advanced by each Lender
    under the Bridge Facility. For greater clarity, it is hereby understood and agreed by each of the Lenders that any and all
    fees payable in connection with any of the Facilities shall be solely payable to, and be for the sole account and benefit
    of, the Agent and Bridging Finance Inc. and any and all costs, charges, fees and expenses incurred or owing in connection
    with this Agreement, shall be payable to them in priority to any amounts payable or distributed to any of the Lenders out
    of any and all amounts received by Agent or any of the Lenders from any of the Credit Parties or any proceeds of Collateral.
    For greater certainty, any and all proceeds of any Collateral shall be paid and distributed in the following order of priorities:

 

	 	(a)	first,
    to Agent and Bridging Finance Inc. in respect of any and all costs, charges, fees and expenses incurred or owing to them;
	 	 	 
	 	(b)	second,
    to the Lenders on a pro rata basis based on the total amounts of all principal amounts advanced by all Lenders under the Facilities
    and the principal amount advanced under the Facilities by each Lender.

 

	 	(f)	Without
    prejudice to its obligations to Agent under the other provisions of this Agreement, Credit Parties hereby undertake to pay
    to Lenders from time to time on demand all amounts from time to time due and payable for the account of Lenders or any of
    them pursuant to this Agreement to the extent not already paid to Agent for the benefit of such Lenders.” 

 

	 	(e)	The
    Exhibit “A” attached as Exhibit “A” hereto is hereby added to the Credit Agreement as Exhibit “A”.

 

	3.	No
    Other Changes
	 	 
	 	Except
    as explicitly amended by this Amendment, all of the terms and conditions of the Credit Agreement shall remain in full force
    and effect, unamended hereby.
	 	 
	4.	Conditions
    Precedent
	 	 
	 	This
    Amendment shall be effective when the Agent shall have received an executed original of this Amendment, and each of the following
    shall have been fulfilled to the satisfaction of the Agent in its reasonable credit discretion:

 

	 	(a)	the
    Agent shall have received a fully executed assignment and transfer agreement, in the form attached as Exhibit “A”
    hereto, from IA Clarington Floating Rate Income Fund, IA Clarington U.S. Dollar Floating Rate Income Fund and IA Clarington
    Core Plus Bond Fund (the “Assignment and Transfer Agreement”), which shall be consented to and acknowledged
    by each of the Credit Parties;

 

    	 

    	- 5 -

    

 

	 	(b)	each
    of the representations and warranties made by the Credit Parties contained in the Credit Agreement shall continue to be true,
    accurate and correct on and as of the date hereof as though made on and as of such date, except to the extent that such representations
    and warranties relate solely to an earlier date;
	 	 	 
	 	(c)	there
    shall not have been any breach of any of the covenants under the Credit Agreement;
	 	 	 
	 	(d)	no
    Default or Event of Default shall have occurred;
	 	 	 
	 	(e)	each
    of IA Clarington Floating Rate Income Fund, IA Clarington U.S. Dollar Floating Rate Income Fund and IA Clarington Core Plus
    Bond Fund shall have advanced the amount of the increase to the Bridge Facility to the Co-Borrowers, or as the Co-Borrowers
    may further direct them in writing, pursuant to the Assignment and Transfer Agreement; and 
	 	 	 
	 	(f)	such
    other matters as the Agent may require, including without limitation, updated additional applicable disclosure Schedules to
    the Credit Agreement. 

 

	5.	Representations
    and Warranties
	 	 	 
	 	The
    Credit Parties hereby represent and warrant to the Agent and the Lenders as follows:
	 	 	 
	 	(a)	the
    Co-Borrowers and each other Credit Party is duly organized, validly existing and in good standing under the laws of the jurisdiction
    of its organization, has all requisite power and authority to carry on its business as now and formerly conducted and, except
    where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
    Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required;
	 	 	 
	 	(b)	the
    execution, delivery and performance by the Credit Parties of this Amendment and any other agreements or instruments required
    hereunder have been duly authorized by all necessary corporate and, if required, shareholder or partner action and been duly
    executed and delivered by the Co-Borrowers and each other Credit Party hereto or thereto and constitute legal, valid and binding
    obligations of the Co-Borrowers and each other Credit Party thereto, enforceable in accordance with their terms, subject to
    applicable bankruptcy, insolvency, reorganisation, moratorium or other Applicable Laws affecting creditors’ rights generally
    and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law;
	 	 	 
	 	(c)	the
    execution, delivery and performance by the Credit Parties of this Amendment and any other agreements or instruments required
    hereunder or executed in connection herewith: (i) do not require any consent or approval of, registration or filing with,
    or any other action by any person whatsoever, except as obtained by the Credit Parties, (ii) will not violate any Applicable
    Law or the charter, by-laws or other organizational documents of the Co-Borrowers or any other Credit Party, and (iii) will
    not result in the creation or imposition of any Lien on any asset of the Co-Borrowers or any other Credit Party, except for
    any Lien arising in favour of the Agent and the Lenders under the Credit Documents and Permitted Encumbrance; and

 

    	 

    	- 6 -

    

 

	 	(d)	all
    of the representations and warranties made by the Credit Parties contained in the Credit Agreement (including for greater
    certainty all of the representations and warranties made by the Credit Parties contained in the first amending agreement dated
    October 21, 2019) are correct on and as of the date hereof as though made on and as of such date, except to the extent that
    such representations and warranties relate solely to an earlier date.
	 	 	 
	6.	References
	 	 	 
	 	Upon
    the execution and delivery of this Amendment, all references in the Credit Agreement to “this Agreement”,
    “hereunder”, “hereof”, “herein” or words of similar import shall
    be deemed to refer to the Credit Agreement as amended hereby; and any and all references in the Credit Documents to the Credit
    Agreement shall be deemed to refer to the Credit Agreement as amended hereby.
	 	 	 
	7.	Release
	 	 	 
	 	The
    Credit Parties hereby absolutely and unconditionally release and forever discharge the Agent, the Lenders, and any and all
    participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors and
    assigns thereof, together with all of the present and former directors, officers, agents and employees of any of the foregoing,
    from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity
    or upon contract or tort or under any state, provincial or federal law or otherwise, which the Credit Parties have had, now
    have or have made claim to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever
    arising from the beginning of time to and including the date of this Amendment, whether such claims, demands and causes of
    action are matured or unmatured or known or unknown other than claims, liabilities or obligations to the extent caused by
    the Agent’s or any Lender’s own gross negligence or willful misconduct. For greater clarity, the Agent and the
    Lenders are required to continue to honour their obligations under, subject to and in accordance with, the terms and conditions
    of the Credit Agreement.
	 	 	 
	8.	Confirmation
    of Security and Credit Documents
	 	 	 
	 	Each
    of the Credit Parties (including the Co-Borrowers and the Guarantors) hereby represents, warrants, acknowledges, confirms,
    covenants and agrees to and in favour of the Agent and the Lenders that the Credit Agreement, the Security and all Credit
    Documents executed and delivered to the Agent prior to the date of this Amendment in respect of any indebtedness or obligations
    owing by any of them to the Agent and Lenders whether under the Credit Agreement or any other Credit Document or otherwise
    shall continue to remain in full force and effect, unamended, and any and all Security, Liens and Credit Documents are hereby
    ratified and reconfirmed and any and all Security and Liens shall stand as general continuing collateral security in respect
    of any and all such indebtedness and obligations owing by any of the applicable Credit Parties to any and all of the Lenders
    a party to the Credit Agreement from time to time. Each of the Credit Parties hereby ratifies and confirms all of the debts,
    liabilities, obligations and agreements under the Credit Agreement, the Security and the other Credit Documents, and the Liens
    granted or purported to be granted and perfected thereby. Each of the Credit Parties confirms that the Security and Liens,
    including without limitation, the general security agreement from Harvest DCP and any Security which may have been amended
    and restated, granted to secure payment and performance of its respective obligations under, inter alia, the Credit Agreement
    continues to secure payment and performance of all the obligations thereunder and this Amendment to any and all Lenders from
    time to time (for purposes of this Section, the “Secured Obligations”). The Guarantors confirm that (i)
    the guarantees granted by each of them of the Secured Obligations continue to guarantee all such obligations and (ii) the
    Security and Liens granted to secure its obligations under its guarantee continues to secure its obligations under its guarantee,
    including without limitation, the Secured Obligations and the obligations guaranteed in relation to this Amendment.

 

    	 

    	- 7 -

    

 

	9.	Ratification
    and Reaffirmation
	 	 	 
	 	Each
    of the Credit Parties hereby ratifies and reaffirms the Secured Obligations, each of the Credit Documents executed and delivered
    in connection therewith and all Liens granted thereunder, and all of such Credit Party’s covenants, duties, indebtedness
    and liabilities under any and all such Credit Documents to which it is a party to any and all Lenders from time to time. Without
    limiting the generality of the foregoing, each of the Credit Parties acknowledges and agrees that all Credit Documents shall
    secure all of the Obligations to the Agent and any and all Lenders from time to time.
	 	 	 
	10.	Costs
    and Expenses
	 	 	 
	 	The
    Co-Borrowers hereby reaffirms its obligation to pay any and all fees and expenses as set forth under Section 9.05 of the Credit
    Agreement.
	 	 	 
	11.	Governing
    Law
	 	 	 
	 	This
    Amendment shall be exclusively, without regard to any rules or principles relating to conflicts of laws, governed by the laws
    of the Province of Ontario and the parties hereto hereby attorn to the non-exclusive jurisdiction of the Courts thereof.
	 	 	 
	12.	Miscellaneous
	 	 	 
	 	This
    Amendment may be executed in any number of counterparts and delivered by PDF or other electronic method, each of which when
    so executed and delivered shall be deemed an original and all of which counterparts, taken together, shall constitute one
    and the same agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	 

    	- 8 -

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers
under their respective seals, as applicable, as of the day and year first above written.

 

	 	)	BRIDGING
    FINANCE INC., as Lender and Agent
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Graham Marr
	 	)	Name: 	Graham
    Marr
	 	)	Title:	Portfolio
    Manager
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	 
	 	)	Title:	 
	 	)	 	 
	 	)	 	 

 

    	 

    	- 9 -

    

 

CO-BORROWERS:

 

	 	)	HARVEST
    DISPENSARIES, CULTIVATIONS
	 	)	&
    PRODUCTION FACILITIES LLC
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	 	Authorized
    Signing Officer
	 	)	 	 

 

	 	)	HARVEST
    ENTERPRISES, INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	 	Authorized
    Signing Officer
	 	)	 	 
	 	)	 	 

 

    	 

    	- 10 -

    

 

GUARANTORS:

 

	 	)	21708
    STATE ROAD 54, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	ABEDON
    SAIZ, L.L.C.
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Leo Jaschke
	 	)	Name:	Leo
    Jaschke
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	AZ-DEL
    HOLDINGS, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BRLS
    NV PROPERTIES V, LLC
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BRLS
    OH PROPERTIES III, LLC
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 11 -

    

 

	 	)	BRLS
    PROPERTIES AZ-GLENDALE, LLC 
	 	)	 	                      
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BRLS
    PROPERTIES FL-GAINESVILLE, LLC
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BRLS
    PROPERTIES FL-ORLANDO I, LLC 
	 	)	 	 
	 	)	 	 
	 	)	By:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BRLS
    PROPERTIES I LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 12 -

    

 

	 	)	BRLS
    PROPERTIES II LLC 
	 	)	 	                           
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BRLS
    PROPERTIES OH-BEAVERCREEK, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BYERS
    DISPENSARY, INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Howard Hintz
	 	)	Name:	Howard
    B. Hintz
	 	)	Title:	Director
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	CBX
    ENTERPRISES LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 13 -

    

 

	 	)	CBX
    ESSENTIALS LLC
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	CBX
    SCIENCES LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	DREAM
    STEAM LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	GOGRIZ,
    LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    ARKANSAS HOLDING, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 14 -

    

 

	 	)	HARVEST
    DCP HOLDING OF NORTH DAKOTA, LLC
	 	)	
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF FLORIDA, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF MARYLAND, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 15 -

    

 

	 	)	HARVEST
    DCP OF MASSACHUSETTS, LLC 
	 	)	
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF NEVADA, LLC 
	 	)	 	                           
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF NEW JERSEY, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	Member-Manager
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF OHIO, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 16 -

    

 

	 	)	HARVEST
    DCP OF PENNSYLVANIA, LLC 
	 	)	 
	 	)	 	
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    GROWS MANAGEMENT, LLC 
	 	)	 	
	 	)	 	 
                               
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    GROWS PROPERTIES, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    HEALTH & RECREATION INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    IP HOLDINGS, LLC 
	 	)	 	 
	 	)	By:
    HARVEST ENTERPRISES, INC., 
	 	)	its
    member-manager 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	 	Name:	Steve
    White
	 	 	Title:	CEO
	 	 	 	I
    have the authority to bind the company

 

    	 

    	- 17 -

    

 

	 	)	HARVEST
    MASS HOLDING I, LLC 
	 	)	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    MICHIGAN HOLDING, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF CALIFORNIA LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 18 -

    

 

	 	)	HARVEST
    OF FARMERSVILLE, LLC 
	 	)	 
	 	)	 	                           
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF HESPERIA, LLC 
	 	)	 	 
	 	)	By:
    HARVEST ENTERPRISES, INC., 
	 	)	its
    Majority member 
	 	)	 
	 	)	 
	 	)	Per:	/s/
    Steve White
	 	 	Name:	Steve
    White
	 	 	Title:	CEO
	 	 	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF LAKE ELSINORE, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF MARYLAND CULTIVATION LLC
	 	)		 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 19 -

    

 

	 	)	HARVEST
    OF MARYLAND DISPENSARY LLC 
	 	)	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF MARYLAND PRODUCTION LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF MARYLAND, INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	Director
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	HARVEST
    OF NEVADA LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 20 -

    

 

	 	)	HARVEST
    OF OHIO MANAGEMENT, LLC 
	 	)	 
	 	)	 	                    
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF PA MANAGEMENT, LLC  
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF SANTA MONICA, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	Managing
    Member
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HOFB,
    LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HOFW,
    LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 21 -

    

 

	 	)	HIGH
    DESERT HEALING, L.L.C. 
	 	)	 
	 	)	 	 
	 	)	Per:	/s/
    Jason Vedadi
	 	)	Name: 	Touraj
    Jason Vedadi
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HOLDINGS
    OF HARVEST CA, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	KWERLES,
    INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Howard Hintz
	 	)	Name:	Howard
    Hintz
	 	)	Title:	Executive
    Chairman
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	NATURAL
    STATE CAPITAL, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 22 -

    

 

	 	)	NATURE
    MED, INC. 
	 	)	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	President
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	NOWAK
    WELLNESS, INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	PAHANA,
    INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Jason Vedadi
	 	)	Name:	Jason
    T. Vedadi
	 	)	Title:	President
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	PATIENT
    CARE CENTER 301, INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Leo Jaschke
	 	)	Name:	Leo
    Jaschke 
	 	)	Title:	President
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	RANDY
    TAYLOR CONSULTING LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 23 -

    

 

	 	)	SAN
    FELASCO NURSERIES, INC. 
	 	)	 
	 	)	 	                     
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	SHERRI
    DUNN, L.L.C. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Howard Hintz
	 	)	Name:	Howard
    B. Hintz
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	SMPB
    MANAGEMENT, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	SVACCHA
    LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Leo Jaschke
	 	)	Name:	Leo
    Jaschke 
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	VERDE
    DISPENSARY, INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	President
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 24 -

    

 

	 	)	WALTZ
    HEALING CENTER, INC. 
	 	)	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	AD,
    LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Howard Hintz
	 	)	Name:	Howard
    Hintz
	 	)	Title:	President
	 	)	 	I
    have the authority to bind the corporation

 

    	 

    	- 25 -

    

 

	 	)	LEAF
    HOLDINGS, LLC 
	 	)	 
	 	)	 	                   
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	WAREHOUSE
    13, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	805
    BEACH BREAKS INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	HARVEST
    CONNECTICUT HOLDING, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	HARVEST
    DCP OF ILLINOIS, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the corporation

 

    	 

    	- 26 -

    

 

	 	)	HARVEST
    MARYLAND HOLDING, LLC 
	 	)	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF TOWSON, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	MARYLAND
    LICENSING, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF MISSOURI, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF NEVADA (DECATUR LV), LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

    	- 27 -

    

 

	 	)	HARVEST
    NEW YORK HOLDING, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF UTAH, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	/s/
    Steve White
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the corporation

 

    	 

     

    

 

SCHEDULE
“A”

 

GUARANTORS

 

	1.	21708
    State Road 54, LLC, a Florida limited liability company
	2.	Abedon
    Saiz, L.L.C., an Arizona limited liability company
	3.	AZ-DEL
    Holdings, LLC, a Delaware limited liability company
	4.	BRLS
    NV Properties V, LLC, a Nevada limited liability company
	5.	BRLS
    OH Properties III, LLC, an Ohio limited liability company
	6.	BRLS
    Properties AZ-Glendale, LLC, an Arizona limited liability company
	7.	BRLS
    Properties FL-Gainesville, LLC, a Florida limited liability company
	8.	BRLS
    Properties FL-Orlando I, LLC, a Florida limited liability company
	9.	BRLS
    Properties I LLC, an Arizona limited liability company
	10.	BRLS
    Properties II LLC, an Arizona limited liability company
	11.	BRLS
    Properties OH-Beavercreek, LLC, an Ohio limited liability company
	12.	Byers
    Dispensary, Inc., an Arizona non-profit corporation
	13.	CBx
    Enterprises LLC, a Colorado limited liability company
	14.	CBx
    Essentials LLC, a Nevada limited liability company
	15.	CBx
    Sciences LLC, a Colorado limited liability company
	16.	Dream
    Steam LLC, an Arizona limited liability company
	17.	Gogriz,
    LLC, a Massachusetts limited liability company
	18.	Harvest
    Arkansas Holding, LLC, an Arizona limited liability company
	19.	Harvest
    DCP Holding of North Dakota, LLC, a North Dakota limited liability company
	20.	Harvest
    DCP of Florida, LLC, a Florida limited liability company
	21.	Harvest
    DCP of Maryland, LLC, a Maryland limited liability company
	22.	Harvest
    DCP of Massachusetts, LLC, a Massachusetts limited liability company
	23.	Harvest
    DCP of Nevada, LLC, a Nevada limited liability company
	24.	Harvest
    DCP of New Jersey, LLC, a New Jersey limited liability company
	25.	Harvest
    DCP of Ohio, LLC, an Ohio limited liability company
	26.	Harvest
    DCP of Pennsylvania, LLC, a Pennsylvania limited liability company
	27.	Harvest
    Grows Management, LLC, an Ohio limited liability company
	28.	Harvest
    Grows Properties, LLC, an Ohio limited liability company
	29.	Harvest
    Health & Recreation Inc., a British Columbia corporation
	30.	Harvest
    IP Holdings, LLC, an Arizona limited liability company
	31.	Harvest
    Mass Holding I, LLC, an Arizona limited liability company
	32.	Harvest
    Michigan Holding, LLC, an Arizona limited liability company
	33.	Harvest
    of California LLC, a California limited liability company
	34.	Harvest
    of Farmersville, LLC, a California limited liability company
	35.	Harvest
    of Hesperia, LLC, a California limited liability company
	36.	Harvest
    of Lake Elsinore, LLC, a California limited liability company
	37.	Harvest
    of Maryland Cultivation LLC, a Maryland limited liability company
	38.	Harvest
    of Maryland Dispensary LLC, a Maryland limited liability company
	39.	Harvest
    of Maryland Production LLC, a Maryland limited liability company
	40.	Harvest
    of Maryland, Inc., a Maryland corporation
	41.	Harvest
    of Nevada LLC, a Nevada limited liability company
	42.	Harvest
    of Ohio Management, LLC, an Ohio limited liability company
	43.	Harvest
    of PA Management, LLC, a Pennsylvania limited liability company

 

    	 

     

    

 

	44.	Harvest
    of Santa Monica, LLC, a California limited liability company
	45.	HOFB,
    LLC, a North Dakota limited liability company
	46.	HOFW,
    LLC, a North Dakota limited liability company
	47.	High
    Desert Healing, L.L.C., an Arizona limited liability company
	48.	Holdings
    of Harvest CA, LLC, a California limited liability company
	49.	Kwerles,
    Inc., an Arizona non-profit corporation
	50.	Natural
    State Capital, LLC, an Arkansas limited liability company
	51.	Nature
    Med, Inc., an Arizona non-profit corporation
	52.	Nowak
    Wellness, Inc., an Arizona non-profit corporation
	53.	Pahana,
    Inc., an Arizona non-profit corporation
	54.	Patient
    Care Center 301, Inc., an Arizona non-profit corporation
	55.	Randy
    Taylor Consulting LLC, an Arizona limited liability company
	56.	San
    Felasco Nurseries, Inc., a Florida corporation
	57.	Sherri
    Dunn, L.L.C., an Arizona limited liability company
	58.	SMPB
    Management, LLC, a Delaware limited liability company
	59.	Svaccha
    LLC, an Arizona limited liability company
	60.	Verde
    Dispensary, Inc., an Arizona non-profit corporation
	61.	Waltz
    Healing Center, Inc., an Arizona non-profit corporation
	62.	AD,
    LLC, an Arizona limited liability company
	63.	Leaf
    Holdings, LLC, an Arizona limited liability company
	64.	Warehouse
    13, LLC, an Arizona limited liability company
	65.	805
    Beach Breaks Inc., a California corporation
	66.	Harvest
    Connecticut Holding, LLC, a Connecticut limited liability company
	67.	Harvest
    DCP of Illinois, LLC, an Illinois limited liability company
	68.	Harvest
    Maryland Holding, LLC, a Maryland limited liability company
	69.	Harvest
    of Towson, LLC, a Maryland limited liability company
	70.	Maryland
    Licensing, LLC, a Maryland limited liability company
	71.	Harvest
    DCP of Missouri, LLC, a Missouri limited liability company
	72.	Harvest
    of Nevada (Decatur LV), LLC, a Nevada limited liability company
	73.	Harvest
    New York Holding, LLC, a New York limited liability company
	74.	Harvest
    DCP of Utah, LLC, a Utah limited liability company

 

    	 

     

    

 

Exhibit
“A”

 

FORM
OF ASSIGNMENT AND TRANSFER AGREEMENT

 

Dated:
_______________, 20___

 

Reference
is made to the amended and restated credit agreement dated as of July 26, 2019 (as amended by a joinder and amending agreement
dated August 26, 2019, a first amending agreement dated October 21, 2019, a second amending agreement dated November 19, 2019
and as may be further amended, restated, supplemented, replaced or otherwise modified from time to time the “Credit Agreement”;
capitalized terms used herein but not otherwise defined shall have the meanings set forth in the Credit Agreement), among, HARVEST
DISPENSARIES, CULTIVATIONS & PRODUCTION FACILITIES LLC and HARVEST ENTERPRISES, INC., as co-borrowers (the “Co-Borrowers”)
and BRIDGING FINANCE INC., in its capacity as Lender and agent for the other Lenders a party to the Credit Agreement from
time to time (the “Agent”)

 

This
Assignment and Transfer Agreement (the “Assignment and Transfer Agreement”), between Bridging Finance Inc.,
in its capacity as a Lender (herein the “Assignor”) and each of the entities set forth on Schedule 1 hereto
and made a part hereof (each an “Assignee” and collectively, the “Assignees”) dated as of
the date hereof (the “Effective Date”).

 

1.
The Assignor hereby irrevocably sells and assigns to each Assignee as set forth on Schedule 1 hereto without any recourse whatsoever
to the Assignor (subject to Section 2 hereof), and each Assignee hereby irrevocably purchases and assumes from the Assignor without
any recourse whatsoever to the Assignor (subject to Section 2 hereof), as of the Effective Date, an undivided interest (the “Assigned
Interest”) in and to all the Assignor’s rights and obligations in respect of the Bridge Facility under the Credit
Agreement as is set forth on Schedule 1 (the “Assigned Facility”), in a principal amount for such Assigned
Facility as set forth on Schedule 1, and all right, title and interest of the Assignor in and to the Ancillary Documents (as defined
below) as it relates thereto.

 

2.
The Assignor (i) represents and warrants that it is legally authorized to enter into this Assignment and Transfer Agreement, (ii)
makes no representation or warranty whatsoever and assumes no responsibility whatsoever with respect to any statements, warranties
or representations made in or in connection with the Credit Agreement or any other instrument, document or agreement executed
in conjunction therewith (collectively the “Ancillary Documents”) or the execution, legality, validity, enforceability,
perfection, genuineness, sufficiency or value of the Credit Agreement, any collateral pledged thereunder or any of the Ancillary
Documents furnished pursuant thereto, other than that it is the legal and beneficial owner of the interest being assigned by it
hereunder and that such interest is free and clear of any adverse claim and (iii) makes no representation or warranty whatsoever
and assumes no responsibility whatsoever with respect to the financial condition of the Co-Borrowers or any of the Guarantors
or the performance or observance by the Co-Borrowers or any of the Guarantors of any of their respective obligations under the
Credit Agreement or any of the Ancillary Documents furnished pursuant thereto.

 

    	 

     

    

 

3.
The Assignee (i) represents and warrants that it is legally authorized to enter into this Assignment and Transfer Agreement; (ii)
confirms that it has received a copy of the Credit Agreement and the Ancillary Documents, together with the copies of the most
recent financial statements of the Co-Borrowers and Guarantors, and such other documents and information as it has deemed appropriate
to make its own credit analysis; (iii) agrees that it will, independently and without reliance whatsoever upon the Agent, the
Assignor or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to
make its own credit decisions in taking or not taking action under the Credit Agreement or any of the Ancillary Documents; (iv)
appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement
and the Ancillary Documents as are delegated to the Agent by the terms thereof, together with such powers as are reasonably incidental
thereto; and (v) agrees that it will be bound by the provisions hereof, the Credit Agreement and the Ancillary Documents and will
perform in accordance with its terms all the obligations which by the terms hereof, the Credit Agreement and the Ancillary Documents
are required to be performed by it as a Lender thereunder.

 

4.
On and subject to the execution and delivery of this Assignment and Transfer Agreement and the advance by the Assignees of the
aggregate principal amount of $27,500,000 under the Bridge Facility to the Co-Borrowers or as they may further direct the Assignees
in writing, such agreement will be delivered to the Agent for acceptance by it and the Co-Borrowers, effective as of the Effective
Date.

 

5.
Upon and subject to the conditions hereof, from and after the Effective Date, the Agent shall make all payments from amounts actually
received by it in respect of the Assigned Facility (being only payments of principal and interest in respect of the Assigned Facility
and for greater certainty, not in respect of the Primary Facility or any fees and other amounts payable under the Credit Agreement)
to the Assignee which accrue subsequent to the Effective Date. Notwithstanding any provision of this Assignment and Transfer Agreement
to the contrary, if any Assignee breaches any of its obligations hereunder, under the Credit Agreement or under any of the Ancillary
Documents to the Agent or as a Lender to any of the Co-Borrowers, it shall be deemed to be a “Defaulting Lender”
and the following provisions shall apply to such Lender for so long as it remains a Defaulting Lender:

 

(a)
interest shall cease to accrue to the Defaulting Lender and the advances of such Defaulting Lender shall not be included in determining
whether all Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to
the Credit Agreement); provided that any waiver or amendment which affects such Defaulting Lender differently than other Lenders
generally shall require the consent of such Defaulting Lender;

 

(c)
any amount owing by a Defaulting Lender to the Agent or another Lender that is not paid when due shall bear interest at the interest
rate applicable to loans denominated in the applicable currency during such period;

 

(d)
any amount payable to such Defaulting Lender hereunder (whether on account of principal or interest and including any amount that
would otherwise be payable to such Defaulting Lender) shall, in lieu of being distributed to such Defaulting Lender, be retained
by the Agent in a segregated account and, subject to any applicable requirements of applicable law, be applied at such time or
times as may be determined by the Agent (i) first, to the payment of any amounts owing by such Defaulting Lender to the Agent
hereunder, (ii) second, to the funding of any loan in respect of which such Defaulting Lender has failed to fund its portion thereof
as required by this Agreement, (iii) third, held in such account as cash collateral for future funding obligations of the Defaulting
Lender under this Agreement, (iv) forth, to the payment of any other amounts owing to the Lenders hereunder, (v) fifth, to the
payment of any amounts owing to the Co-Borrowers as a result of any judgment of a court of competent jurisdiction obtained by
them against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement,
and (vi) sixth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if such
payment is a prepayment of the principal amount of any loans with respect to which a Defaulting Lender has funded its obligations,
such payment shall be applied solely to prepay the loans of all Lenders other than Defaulting Lender’s pro rata prior to
being applied to the prepayment of any loans of any Defaulting Lender;

 

    	 

     

    

 

(e)
if a Defaulting Lender is insolvent, any amount payable to such Defaulting Lender hereunder may, in lieu of being distributed
pursuant hereto, be retained by the Agent to collateralize indemnification and reimbursement obligations of such Defaulting Lender
hereunder in an amount determined by the Agent, acting reasonably.

 

No
commitment of any other Lender shall be increased or otherwise affected, and, except as otherwise expressly provided in this Section,
performance by the Co-Borrowers of its obligations hereunder and the other Ancillary Documents shall not be excused or otherwise
modified as a result of any Lender becoming a Defaulting Lender. The rights and remedies against a Defaulting Lender under this
Section are in addition to other rights and remedies which the Co-Borrower may have against such Defaulting Lender as a result
of it becoming a Defaulting Lender and which the Agent or any other Lender may have against such Defaulting Lender with respect
thereto.

 

6.
Each Assignee hereby designates Agent to act as its administrative and collateral agent for it under the Credit Agreement and
the Ancillary Documents. Each Assignee hereby irrevocably authorizes Agent to have exclusive authority to take any action under
the provisions of the Credit Agreement and the Ancillary Documents and to exercise such powers and to perform such duties hereunder
and thereunder as are specifically delegated to or required of Agent by the terms hereof and thereof and such other powers as
are reasonably incidental thereto and Agent shall hold all collateral, payments of principal and interest, costs, fees, charges,
expenses and collections received pursuant to the Credit Agreement, for the benefit of itself and each Lender in accordance with
the provisions thereof and hereof. Agent may perform any of its duties hereunder by or through its agents or employees. Notwithstanding
the foregoing, Agent must receive written consent from each Lender prior to amending any provisions hereunder related to an extension
of the Bridge Term, the applicable rate of interest as described in Section 10.02, the Repayments Events as applicable to the
Bridge Facility and the release of any Security as applicable to the Bridge Facility.

 

7.
As to any matters not expressly provided for by the Credit Agreement or the Ancillary Documents, Agent may in its sole discretion
take any action or refrain from acting (and shall be fully protected in so acting or refraining from acting). Furthermore, Agent
shall not be required to take any action which, in Agent’s sole discretion, exposes Agent to liability or which is contrary
to the Credit Agreement, any Ancillary Document or the Security or applicable laws. For greater certainty, it is hereby understood,
acknowledged and agreed that, subject to the Section 6 above, Agent shall have the sole and exclusive authority to administer
the loans, make any and all credit decisions and take or refrain from taking any and all actions with respect to the enforcement
of any and all rights and remedies under the Credit Agreement, any Ancillary Documents and the Security.

 

    	 

     

    

 

8.
Agent shall have no duties or responsibilities except those expressly set forth in this Assignment and Transfer Agreement, the
Credit Agreement, any Ancillary Documents and the Security. Neither Agent nor any of its officers, directors, employees or agents
shall be (i) liable for any action taken or omitted by them as such hereunder or in connection herewith, unless caused by their
gross (not mere) negligence or willful misconduct (as determined by a court of competent jurisdiction in a final non-appealable
judgment), or (ii) responsible in any manner for any recitals, statements, representations or warranties made by any Credit Party,
or any officer thereof contained in this Agreement, or in any of the Security or in any certificate, report, statement or other
document referred to or provided for in, or received by Agent under or in connection with, the Credit Agreement, this Assignment
and Transfer Agreement or any of the Security or for the value, validity, effectiveness, genuineness, due execution, enforceability,
perfection or sufficiency of any such agreement, or any of the Security or for any failure of any Credit Party to perform its
obligations hereunder. The duties of Agent as respects the advances shall be mechanical and administrative in nature only and
nothing in this Agreement, expressed or implied, is intended to or shall be so construed as to impose upon Agent any obligations
in respect of this Assignment and Transfer Agreement or the transactions described herein except as expressly set forth herein.

 

9.
Agent may employ agents and attorneys-in-fact and shall not be liable for the default or misconduct of any such agents or attorneys-in-fact
selected by Agent with reasonable care.

 

10.
Notwithstanding any other provision hereof, the Credit Agreement or any Ancillary Document, any and all costs, fees, charges and
expenses, including any and all costs, fees, charges and expenses relating to the enforcement of any rights and remedies of the
Agent and Lenders, and also including for greater certainty any and all payments of principal and interest in respect of the Primary
Facility, received or incurred in connection with the Credit Agreement shall be payable first to Bridging Finance Inc., in its
capacity as Agent and Lender under the Credit Agreement, as the case may be, and all payments of principal and interest, but for
greater certainty only in respect of the Bridge Facility, both before and after the occurrence of an Event of Default, shall be
held by the Agent for the benefit of each of the Lenders (unless they are a Defaulting Lender) on a pari passu basis based
on the total amount of all principal amounts advanced by all Lenders under the Bridge Facility and the principal amount advanced
by each Lender under the Bridge Facility. For greater clarity, it is hereby understood and agreed by each of the Lenders that
any and all fees payable in connection with any of the Facilities shall be solely payable to, and be for the sole account and
benefit of, the Agent and Bridging Finance Inc. and any and all costs, charges, fees and expenses incurred or owing in connection
with the Credit Agreement, shall be payable to them in priority to any amounts payable or distributed to any of the Lenders out
of any and all amounts received by Agent or any of the Lenders from any of the Credit Parties or any proceeds or Collateral. For
greater certainty, any and all proceeds of any Collateral shall be paid and distributed in the following order of priorities:

 

(a)
first, to Agent and Bridging Finance Inc. in respect of any and all costs, charges, fees and expenses incurred or owing to them;

 

(b)
second, to the Lenders on a pro rata basis based on the total amount of all principal amounts advanced by all Lenders under the
Facilities and the principal amount advanced under the Facilities by each Lender.

 

    	 

     

    

 

11.
Each Credit Party acknowledges that, pursuant to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada)
and other applicable anti-money laundering, anti-terrorist financing, government sanction and “know your client” Laws
(collectively, including any guidelines or orders thereunder, “AML Legislation”), the Lenders and the Agent
may be required to obtain, verify and record information regarding each Credit Party, its directors, authorized signing officers,
direct or indirect shareholders or other persons in control of the Credit Parties, and the transactions contemplated hereby. Each
Credit Party shall promptly provide all such information, including supporting documentation and other evidence, as may be reasonably
requested by any Lender or the Agent, or any prospective assignee or participant of a Lender or the Agent, in order to comply
with any applicable AML Legislation, whether now or hereafter in existence. If the Agent has ascertained the identity of the Credit
Parties or any authorized signatories of the Credit Parties for the purposes of applicable AML Legislation, then the Agent:

 

(a)
shall not be deemed to have done so as an agent for each Lender, and this Agreement shall not constitute a “written agreement”
in such regard between each Lender and the Agent within the meaning of applicable AML Legislation; and

 

(b)
shall provide to each Lender upon its reasonable request with copies of all information obtained in such regard without any representation
or warranty as to its accuracy or completeness.

 

Notwithstanding
the preceding sentence and except as may otherwise be agreed in writing, each of the Lenders agrees that the Agent has no obligation
to ascertain the identity of the Credit Parties or any authorized signatories of the Credit Parties on behalf of any Lender, or
to confirm the completeness or accuracy of any information it obtains from the Credit Parties or any such authorized signatory
in doing so.

 

12.
From and after the Effective Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this
Assignment and Transfer Agreement, have the rights and obligations of a Lender thereunder, and (ii) the Assignor shall, to the
extent provided in this Assignment and Transfer Agreement, relinquish its rights and be released from its obligations in respect
of the Assigned Facility under the Credit Agreement.

 

13.
This Assignment and Transfer Agreement shall be exclusively (without regard to any rules or principals relating to conflicts of
laws) governed by, and construed in accordance with, the laws of the Province of Ontario and the laws of Canada applicable therein.

 

14.
This Assignment and Transfer Agreement may be executed in one or more counterparts by facsimile transmission or PDF, each of which
shall be deemed to be an original and all of which, when taken together, shall constitute one and the same agreement.

 

    	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Assignment and Transfer Agreement to be executed by their respective
duly authorized officers.

 

	ACCEPTED:	 
	 	 	 
	BRIDGING
    FINANCE INC.,	 
	in
    its capacity as agent for the other Lenders	 
	 	 	 
	By:
    	 	 
	Name: 	 	 
	Title:	 	 
	 	Authorized
    Signing Officer	 
	 	 	 
	 	 	 
	By:
    	 	 
	Name:	 	 
	Title:	 	 
	 	Authorized
    Signing Officer	 
	 	 	 
	 	 	 
	[ASSIGNEE],	 
	as
    Assignee	 
	 	 	 
	By:
    	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	 	 	 
	By:
    	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	 	 	 
	Bridging
    Finance Inc.,	 
	in
    its capacity as Assignor	 
	 	 	 
	By:
    	 	 
	Name:	 	 
	Title:	 	 
	 	 	 
	 	 	 
	By:
    	 	 
	Name:	 	 
	Title:	 	 

 

    	 

     

    

 

ACKNOWLEDGED
AND CONSENTED TO:

 

CO-BORROWERS:

 

	 	)	HARVEST
    DISPENSARIES, CULTIVATIONS
	 	)	&
    PRODUCTION FACILITIES LLC
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	 
	 	)	 	Authorized
    Signing Officer
	 	)	 	 

 

	 	)	HARVEST
    ENTERPRISES, INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	 
	 	)	 	Authorized
    Signing Officer
	 	)	 	 
	 	)	 	 

 

    	 

     

    

 

GUARANTORS:

 

	 	)	21708
    STATE ROAD 54, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	ABEDON
    SAIZ, L.L.C.
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Leo
    Jachke
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	AZ-DEL
    HOLDINGS, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BRLS
    NV PROPERTIES V, LLC
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BRLS
    OH PROPERTIES III, LLC
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	BRLS
    PROPERTIES AZ-GLENDALE, LLC 
	 	)	 	                      
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BRLS
    PROPERTIES FL-GAINESVILLE, LLC
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BRLS
    PROPERTIES FL-ORLANDO I, LLC 
	 	)	 	 
	 	)	 	 
	 	)	By:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BRLS
    PROPERTIES I LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	BRLS
    PROPERTIES II LLC 
	 	)	 	                           
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BRLS
    PROPERTIES OH-BEAVERCREEK, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	BYERS
    DISPENSARY, INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Howard
    B. Hintz
	 	)	Title:	Director
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	CBX
    ENTERPRISES LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	CBX
    ESSENTIALS LLC
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	CBX
    SCIENCES LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	DREAM
    STEAM LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	GOGRIZ,
    LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    ARKANSAS HOLDING, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	HARVEST
    DCP HOLDING OF NORTH DAKOTA, LLC
	 	)	
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF FLORIDA, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF MARYLAND, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	HARVEST
    DCP OF MASSACHUSETTS, LLC 
	 	)	
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF NEVADA, LLC 
	 	)	 	                           
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF NEW JERSEY, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	Member-Manager
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF OHIO, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	HARVEST
    DCP OF PENNSYLVANIA, LLC 
	 	)	 
	 	)	 	
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    GROWS MANAGEMENT, LLC 
	 	)	 	
	 	)	 	 
                               
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    GROWS PROPERTIES, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    HEALTH & RECREATION INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	 	 	 
	 	)	HARVEST
    IP HOLDINGS, LLC 
	 	)	 	 
	 	)	By:
    HARVEST ENTERPRISES, INC., 
	 	)	its
    member-manager 
	 	)	 	                    
	 	)	 	 
	 	)	Per:	 
	 	 	Name:	Steve
    White
	 	 	Title:	CEO
	 	 	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    MASS HOLDING I, LLC 
	 	)	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    MICHIGAN HOLDING, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF CALIFORNIA LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	HARVEST
    OF FARMERSVILLE, LLC 
	 	)	 
	 	)	 	                           
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF HESPERIA, LLC 
	 	)	 	 
	 	)	By:
    HARVEST ENTERPRISES, INC., 
	 	)	its
    Majority member 
	 	)	 
	 	)	 
	 	)	Per:	 
	 	 	Name:	Steve
    White
	 	 	Title:	CEO
	 	 	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF LAKE ELSINORE, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF MARYLAND CULTIVATION LLC
	 	)		 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	HARVEST
    OF MARYLAND DISPENSARY LLC 
	 	)	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF MARYLAND PRODUCTION LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF MARYLAND, INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	Director
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	HARVEST
    OF NEVADA LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	HARVEST
    OF OHIO MANAGEMENT, LLC 
	 	)	 
	 	)	 	                    
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF PA MANAGEMENT, LLC  
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF SANTA MONICA, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	Managing
    Member
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HOFB,
    LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HOFW,
    LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	HIGH
    DESERT HEALING, L.L.C. 
	 	)	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	Touraj
    Jason Vedadi
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HOLDINGS
    OF HARVEST CA, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	KWERLES,
    INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Howard
    Hintz
	 	)	Title:	Executive
    Chairman
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	NATURAL
    STATE CAPITAL, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	NATURE
    MED, INC. 
	 	)	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	President
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	NOWAK
    WELLNESS, INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	PAHANA,
    INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Jason
    T. Vedadi
	 	)	Title:	President
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	PATIENT
    CARE CENTER 301, INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Leo
    Jaschke 
	 	)	Title:	President
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	RANDY
    TAYLOR CONSULTING LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	SAN
    FELASCO NURSERIES, INC. 
	 	)	 
	 	)	 	                     
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	SHERRI
    DUNN, L.L.C. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Howard
    B. Hintz
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	SMPB
    MANAGEMENT, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	SVACCHA
    LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Leo
    Jaschke 
	 	)	Title:	Manager
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	VERDE
    DISPENSARY, INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	President
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	WALTZ
    HEALING CENTER, INC. 
	 	)	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	AD,
    LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Howard
    Hintz
	 	)	Title:	President
	 	)	 	I
    have the authority to bind the corporation

 

    	 

     

    

 

	 	)	LEAF
    HOLDINGS, LLC 
	 	)	 
	 	)	 	                   
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	WAREHOUSE
    13, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	805
    BEACH BREAKS INC. 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	HARVEST
    CONNECTICUT HOLDING, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the corporation
	 	 	 	 
	 	)	HARVEST
    DCP OF ILLINOIS, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the corporation

 

    	 

     

    

 

	 	)	HARVEST
    MARYLAND HOLDING, LLC 
	 	)	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF TOWSON, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	MARYLAND
    LICENSING, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF MISSOURI, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    OF NEVADA (DECATUR LV), LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company

 

    	 

     

    

 

	 	)	HARVEST
    NEW YORK HOLDING, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name: 	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the company
	 	 	 	 
	 	)	HARVEST
    DCP OF UTAH, LLC 
	 	)	 	 
	 	)	 	 
	 	)	Per:	 
	 	)	Name:	Steve
    White
	 	)	Title:	CEO
	 	)	 	I
    have the authority to bind the corporation

 

    	 

    	 

    

 

Schedule
1 to Assignment and Transfer Agreement

 

Name
of Assignor: <*>

 

Name
of Assignee: <*>

 

Effective
Date of Assignment: <*>

 

	Bridge
    Facility	 	 	Principal
    Amount Assigned	 	 	Percentage
    Assigned of Bridge Facility (Shown as a percentage of aggregate original principal amount of all Lenders)	 
	<*>	 	 	$	<*>	 	 	 	<*>	%
	Total:	 	 	$	<*>	 	 	 	<*>	%Exhibit
10. 24 

 

CERTAIN
CONFIDENTIAL INFORMATION (MARKED BY BRACKETS AS “[***]”) HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I)
NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.

 

PUT
OPTION AGREEMENT

 

THIS
PUT OPTION AGREEMENT is made as of December 20, 2019,

 

BETWEEN:

 

BRIDGING
FINANCE INC., (“Bridging”), as agent for any of the funds managed by Bridging

a
corporation governed by the laws of Canada;

 

-
and -

 

HARVEST
HEALTH & RECREATION INC. (“HHR”)

a
corporation governed by the laws of the Province of British Columbia;

 

-
and -

 

HARVEST
DISPENSARIES, CULTIVATIONS & PRODUCTION FACILITIES LLC (“Harvest DCP”)

a
limited liability company governed by the laws of the State of Arizona;

 

-
and -

 

HARVEST
ENTERPRISES, INC. (“Enterprises”)

a
corporation governed by the laws of the State of Delaware;

 

RECITALS:

 

	A.	Harvest
    DCP, and Enterprises (each a “Borrower” and collectively, the “Borrowers”), certain
    of the direct and indirect subsidiaries of the Borrowers and HHR, as guarantors, (collectively, the “Credit Parties”),
    Bridging, as agent, and the lenders from time to time party thereto, including Bridging, (the “Bridging Lenders”)
    have entered into an amended and restated credit agreement dated as of July 26, 2019, as amended by a first amendment to amended
    and restated credit agreement dated October 21, 2019 as further amended by the second amendment to amended and restated credit
    agreement dated November 19, 2019 (as amended, (the “Bridging Credit Agreement”), pursuant to which, among
    other things, Bridging has made loans and provided other extensions of credit to the Borrowers (the “Bridging Credit
    Facilities”) and the Credit Parties have granted in favour of Bridging the security set out in the Amended and Restated
    Security Agreement dated October 21, 2019 (the “Original Bridging Security”).  

 

    	 

    	 

    

 

	B.	Bridging
    and the Credit Parties have entered into a letter agreement dated November 28, 2019, (the “Bridging Letter Agreement”),
    pursuant to which, as of the date hereof: (i) all outstanding obligations under the Bridging Credit Facilities have been “rolled
    into” notes, including the Bridging Notes (as hereinafter defined) (ii) Bridging has been issued  notes pursuant
    to the terms of a trust indenture dated on or about the date hereof with Odyssey Trust Company acting as trustee thereunder
    (all such notes issued to Bridging by HHR on the date hereof, as the same may be amended, restated modified or replaced from
    time to time, the “Bridging Notes”) in an amount equal to the outstanding obligations owed by the  Credit
    Parties to Bridging under the Bridging Credit Facilities as of the date hereof, (iii) the Bridging Credit Facilities have
    been superseded by this Agreement and all security granted thereunder will secure solely the obligations under this Agreement.;
    and (iv) Bridging will remain the sole Bridging Lender for all purposes thereunder.
	 	 
	C.	In
    connection with such transactions, and in order to induce Bridging and the Bridging Lenders to enter into the transactions
    described in part “B” of these Recitals, the parties hereto wish to enter into this Agreement in order to set
    out the terms and conditions that will govern the right of Bridging to require that the Borrowers purchase all of the Bridging
    Notes, providing Bridging with certain rights similar to the rights of the Bridging Lenders under the Bridging Credit Agreement
    and confirming that the obligations hereunder shall constitute “Obligations” under the Original Bridging Security
    and such security be confirmed pursuant to the terms hereof to remain in full force and effect during the term of this agreement
    as provided herein (as confirmed, the “Bridging Security”).

 

NOW
THEREFORE THIS AGREEMENT WITNESSETH that in consideration of these premises and mutual covenants and agreements herein contained,
the parties hereto agree as follows:

 

ARTICLE
1

definitions

 

	1.1	Definitions

 

	 	(a)	“Agreement”
    means this agreement, including all schedules, and all amendments or restatements as permitted, and references to “Article”
    or “Section” mean the specified Article or Section of this Agreement;  
	 	 	 
	 	(b)	“Business
    Day” means a day on which banks are open for business in Vancouver, British Columbia and Tempe, Arizona other than
    a Saturday, Sunday or other day as banks in Toronto, Ontario or Tempe, Arizona are authorized or required to be closed for
    business;  
	 	 	 
	 	(c)	“Close
    of Business” means 5:00 p.m. Toronto time;
	 	 	 
	 	(d)	“Closing
    Date” means, if the Put Option is exercised in accordance with this Agreement, 5 Business Days following such exercise;

 

    	 

    	 

    

 

	 	(e)	“Dec.
    31 Condition” means HHR entering into the MJAR Definitive Documentation on or prior to December 31, 2019, or such
    later date agreed to in writing by Bridging in its sole and absolute discretion;
	 	 	 
	 	(f)	“Exercise
    Form” has the meaning set forth in Section 2.3(a);
	 	 	 
	 	(g)	“Exercise
    Price” means the exercise price payable by HHR upon the exercise of the Put Option, which shall be equal to the
    principal amount of the Bridging Notes, plus any and all fees owing to Bridging and accrued but unpaid interest on such Notes
    to but not including the date on which the payment in full of the Exercise Price is made;
	 	 	 
	 	(h)	“MJAR”
    means MJAR Holdings Corp. and/or any of their related or affiliated subsidiaries, affiliates or entities;
	 	 	 
	 	(i)	“MJAR
    Closing Condition” means the closing of the MJAR Transaction on or prior to the MJAR Closing Date in accordance
    with the terms of the MJAR Definitive Documentation (as the same may be amended with the agreement in writing by Bridging,
    acting reasonably);
	 	 	 
	 	(j)	“MJAR
    Closing Date” means March 31, 2020 (or such later date agreed to between the parties to this Agreement in writing)
    provided that such date shall be automatically extended (such extension, the “Extension”) to the date that
    is ten (10) business days after all material regulatory approvals required to complete the MJAR Transaction have been obtained.  In
    the event that (1) HHR, Harvest DCP and/or Enterprises cease to use commercial best efforts to diligently pursue obtaining
    such regulatory approvals or (2) HHR, Harvest DCP or Enterprises has knowledge of, or receives notice from the applicable
    regulator that, one or more of such material approvals will not be granted, or is reasonably likely not to be granted,
    or that the request for such approvals has been rejected, in any such case HHR, Harvest DCP or Enterprises shall promptly
    give written notice to Bridging of the same, the Extension shall immediately terminate and the “MJAR Closing Date”
    shall be considered to be the date that is five (5) business days after such Extension termination. 
	 	 	 
	 	(k)	“MJAR
    Definitive Documentation” means a definitive binding agreement between MJAR and HHR (or any affiliate of HHR) in
    respect of the Transaction, satisfactory to Bridging, acting reasonably;
	 	 	 
	 	(l)	“Option
    Exercise Date” means (i) if the December 31, 2019 Condition is not met, March 31, 2020; or (ii) if the December
    31, 2019 Condition is met but the MJAR Closing Condition is not met, five (5) Business Days after the MJAR Closing Date. 
	 	 	 
	 	(m)	“Option
    Exercise Conditions” means the following: (a)(1) the failure of the Dec. 31 Condition to occur, or (2) the failure
    of the MJAR Closing Condition to occur; and (b) the representations and warranties of Bridging set out in Section 4.2 being
    true and correct on the Option Exercise Date and on the Closing Date;
	 	 	 
	 	(n)	“Put
Option” has the meaning set forth in Section 2.1 below;
	 	 	 
	 	(o)	“Transaction”
    means the transaction whereby HHR (or an affiliate of HHR) acquires all or substantially all of the U.S. assets of MJAR and/or
    any of their related or affiliated subsidiaries, affiliates or entities for a purchase price of not less than US$60,000,000.

 

    	 

    	 

    

 

	1.2	Certain
    Rules of Interpretation

 

In
this Agreement:

 

	 	(a)	Consent
    - Whenever a provision of this Agreement requires an approval or consent and such approval or consent is not delivered
    within the applicable time limit, then, unless otherwise specified, the party whose consent or approval is required shall
    be conclusively deemed to have withheld its approval or consent.
	 	 	 
	 	(b)	Currency
    - Unless otherwise specified, all references to money amounts are to the lawful currency of the United States.
	 	 	 
	 	(c)	Governing
    Law - This Agreement is a contract made under and shall be governed by and construed in accordance with the laws of the
    Province of British Columbia.  The parties to this Agreement irrevocably attorn to the non-exclusive jurisdiction
    of the courts of British Columbia.
	 	 	 
	 	(d)	Headings
    - Headings of Articles and Sections are inserted for convenience of reference only and shall not affect the construction
    or interpretation of this Agreement.
	 	 	 
	 	(e)	Including
    - Where the word “including” or “includes” is used in this Agreement, it means “including
    without limitation” or “includes without limitation”.
	 	 	 
	 	(f)	No
    Strict Construction– The language used in this Agreement is the language chosen by the parties to express their
    mutual intent, and no rule of strict construction shall be applied against any party.
	 	 	 
	 	(g)	Number
    and Gender – Unless the context otherwise requires, words importing the singular include the plural and vice versa
    and words importing gender include all genders. 
	 	 	 
	 	(h)	Severability
    – If, in any jurisdiction, any provision of this Agreement or its application to any party or circumstance is restricted,
    prohibited or unenforceable, such provision shall, as to such jurisdiction, be ineffective only to the extent of such restriction,
    prohibition or unenforceability without invalidating the remaining provisions of this Agreement and without affecting the
    validity or enforceability of such provision in any other jurisdiction and without affecting its application to other parties
    or circumstances.
	 	 	 
	 	(i)	Statutory
    References – A reference to a statute includes all regulations made pursuant to such statute and, unless otherwise
    specified, the provisions of any statute or regulation which amends, supplements or supersedes any such statute or any such
    regulation.
	 	 	 
	 	(j)	Time
    – Time is of the essence in the performance of the parties’ respective obligations under this Agreement.

 

    	 

    	 

    

 

	1.3	Entire
    Agreement

 

This
Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and cancels and
supersedes any prior understandings and agreements between the parties with respect thereto. There are no representations, warranties,
terms, conditions, opinions, advice, assertions of fact, materials, undertakings or collateral agreements, express, implied or
statutory, by or between the parties (or by any director, officer, employee, legal counsel, accountant or other representative
thereof) other than as expressly set forth in this Agreement.

 

	1.4	Schedules

 

The
schedules to this Agreement, as listed below, are incorporated by reference and deemed to be a part hereof:

 

Schedule
A          -         Exercise Form

 

ARTICLE
2

PUT
OPTION

 

	2.1	Put
    Option Grant

 

The
parties hereby agree that if the Option Exercise Conditions have been met, on the Option Exercise Date, Bridging shall have the
right (but not the obligation) (the “Put Option”) to require that HHR purchase all but not less than all of
the Bridging Notes at the Exercise Price. HHR and the Borrowers hereby agree that upon the exercise by Bridging of the Put Option
HHR irrevocably and unconditionally agrees to acquire the Bridging Notes (directly or through one or more affiliates) at the Exercise
Price on the Closing Date.

 

	2.2	Expiry
    of Put Option

 

As
of the Close of Business on the 10th Business Day following the Option Exercise Date, the unexercised Put Option shall
expire and terminate and shall have no further force or legal effect.

 

    	 

    	 

    

 

	2.3	Exercise
    of Put Option

 

	 	(a)	Subject
    to the terms and conditions set forth herein, Bridging may exercise the Put Option on the Option Exercise Date by the presentation
    to HHR in accordance with Section 2.1 hereof of a duly executed exercise form at any time up to the Close of Business on the
    10th Business Day after the Option Exercise date, which shall be substantially in the form attached hereto as Schedule
    A or such other form as is mutually acceptable to HHR and Bridging, acting reasonably (the “Exercise Form”);
    and
	 	 	 
	 	(b)	Upon
    due exercise of the Put Option and assuming the conditions to closing of the Put Option set out in section 2.3(c), on the
    Closing Date:
	 	 	 	 
	 	 	(i)	Bridging
    shall deliver to HHR, or as HHR shall direct, certificate(s) representing the Bridging Notes in accordance with section 2.3(c)(i);  and
    
	 	 	 	 
	 	 	(ii)	HHR
    shall pay or cause to be paid the Exercise Price to Bridging, or as Bridging shall direct.
	 	 	 	 
	 	 	For
    greater certainty, irrespective of delivery by Bridging to HHR of (a) an Exercise form and/or delivery (b) certificates (if
    any) representing the Bridging Notes and/or (c) any other documentation evidencing the transfer of the Bridging Notes to HHR
    or a representative of HHR or evidencing termination of the Bridging Notes, the rights of Bridging in respect of the Bridging
    Notes shall not be considered to be assigned, transferred, terminated, satisfied or changed in any way, and Bridging shall
    continue to be considered a holder of the Bridging Notes until such time that Bridging receives indefeasible payment in full,
    in cash, of the Exercise Price.

 

	 	(c)	The
    obligation of HHR to purchase and pay for the Bridging Notes at the Closing Date is subject to:
	 	 	 	 
	 	 	(i)	the
    delivery by Bridging of certificate(s) representing the Bridging Notes, which certificate(s) shall be duly endorsed in blank
    or, in lieu thereof, shall have affixed thereto stock powers executed in blank, and in proper form for transfer;
	 	 	 	 
	 	 	(ii)	Bridging
    not being a “non-resident” of Canada for purposes of the ITA or, if Bridging is a non-resident of Canada for the
    purposes of the ITA, then HHR shall make withholdings and remittances in respect of such purchase pursuant to the provisions
    of Section 116 of the Income Tax Act (Canada); and
	 	 	 	 
	 	 	(iii)	the
    representations and warranties of Bridging set out in Section 4.2 being true and correct.
	 	 	 	 
	 	(d)	Payment
    for the Bridging Notes by HHR shall be made in immediately available funds, subject to such deductions as may be required
    in accordance with any applicable laws.

 

    	 

    	 

    

 

ARTICLE
3

Security

 

	3.1	Confirmation
    of Security

 

Each
of the Borrowers and HHR agree that the obligations hereunder of HHR to pay the Exercise Price shall be secured by the Original
Bridging Security, entitled to the full benefits of the Original Bridging Security in respect thereof, and the parties hereto
confirm that the Original Bridging Security remains in full force and effect in accordance with the terms hereof, solely with
respect to the obligations hereunder and the obligations set out in such Original Bridging Security. All of the entities party
to the Original Bridging Security shall, prior to the date of the issuance of the Bridging Notes enter into a form of confirmation
of security satisfactory to Bridging, acting reasonably, and a guarantee (the “Guarantee”) of the obligations of the
Borrowers and HHR pursuant to this Agreement satisfactory to Bridging, acting reasonably. In the event that any of the Borrowers
or HHR form, or acquire a new Subsidiary (as defined in the Bridging Notes) after the date of this Agreement, such new Subsidiary
(as defined in the Bridging Notes) shall within seven days thereof enter into a guarantee agreement, provided that such guarantee
shall be subordinated and subject in right of payment to any existing indebtedness (and related security) or indebtedness (and
related security) put in place in connection with such formation or acquisition, howsoever created, incurred, assumed or guaranteed,
and any indebtedness created, incurred or guaranteed in place thereof (collectively, “Senior Debt”). Bridging
agrees that it shall enter into a subordination agreement on such terms as are mutually agreeable to HHR and Bridging, each acting
reasonably, providing, inter alia, for the subordination of amounts due under such guarantee to any Senior Debt.

 

	3.2	Release
    of Obligations and Security

 

	 	(a)	Upon
    the first to occur of the following:
	 	 	 	 
	 	 	(i)	the
    Put Option expiring in accordance with Section 2.2;
	 	 	 	 
	 	 	(ii)	the
    satisfaction of the MJAR Closing Condition;
	 	 	 	 
	 	 	(iii)	the
    closing of the Put Option including without limitation receipt by Bridging of the Exercise Price, in accordance with Section
    2.3;
	 	 	 	 
	 	 	(iv)	the
    failure to close the Put Option in accordance with Section 2.3 by virtue of a failure to meet a condition in Section 2.3(c);

 

(each
a “Security Termination Event”)

 

    	 

    	 

    

 

then
the following shall occur:

 

	 	(A)	all
    obligations hereunder and under the Bridging Credit Facility will be deemed to be repaid in full and there shall be no further
    obligation of any nature whatsoever of the Borrowers, HHR or any other “Guarantor” (as defined in the Bridging
    Credit Agreement) (collectively, the “Obligors”) to the Bridging Lenders under the terms of the Bridging
    Credit Agreement or hereunder.
	 	 	 
	 	(B)	the
    Obligors will hereby be released from the Bridging Credit Agreement, this Agreement, the Bridging Security (including the
    Original Bridging Security) and all other obligations and each other loan or security document to which it is a party related
    to the Bridging Credit Agreement, including any documents related to the Bridging Security, (each a “Released Loan
    Document” and collectively the “Released Loan Documents”) and each such Released Loan Document
    will be terminated and be of no further force or effect, except as set out herein; 
	 	 	 
	 	(C)	all
    liens, security interests, charges or encumbrances of the Bridging Credit Parties on the Obligors’ property and assets,
    real and personal, moveable and immovable, of whatsoever nature and kind subject to any security granted in connection with
    the Bridging Credit Agreement (collectively, the “Collateral”) will be automatically released, discharged
    and forever quitclaimed and surrendered to the Obligors the said Collateral whether or not the security interests, liens,
    charges or other encumbrances in respect of such security are reflected by any personal property security registrations made
    in favour of Bridging;
	 	 	 
	 	(D)	within
    five (5) days from the date of a Security Termination Event, Bridging shall sign and deliver to the Obligors all discharges,
    releases, terminations, deeds of discharge, applications for cancellation of registration or other documents as may be required
    by HHR, the Borrowers or any other Obligor in connection with the release, discharge and termination of the Credit Agreement
    and any security, and as may be reasonably requested by the Borrowers in order to effect or evidence more fully the matters
    covered hereby (collectively, the “Releases”);
	 	 	 
	 	(E)	the
    Borrowers and their counsel and agents, including Cassels Brock & Blackwell LLP and Greenberg Traurig LLP, will be irrevocably
    authorized and directed to file, register or publish, as applicable, all such Releases, in each case at the Borrower’s
    expense; and
	 	 	 
	 	(F)	the
    Borrowers and their counsel and agents, including Cassels Brock & Blackwell LLP and Greenberg Traurig LLP, will be irrevocably
    authorized to discharge and terminate all registrations filed in connection with the Bridging Credit Agreements and any security
    contemplated thereby, including the Bridging Security.

 

    	 

    	 

    

 

ARTICLE
4

REPRESENTATIONS,
WARRANTIES and covenants

 

	4.1	Representations
    and Warranties of HHR and the Borrowers

 

HHR
and the Borrowers hereby jointly and severally represent and warrant to Bridging, and acknowledges that Bridging is relying on
such representations and warranties in entering into this Agreement, as follows:

 

	 	(a)	Each
    of HHR and each Borrower has the power, authority and capacity to enter into this Agreement and to carry out its obligations
    under this Agreement; 
	 	 	 
	 	(b)	this
    Agreement constitutes a valid and binding obligation of each of HHR and each Borrower enforceable against each in accordance
    with its terms subject, however, to limitations on enforcement imposed by bankruptcy, insolvency, reorganization or other
    laws affecting the enforcement of the rights of creditors and others and to the extent that equitable remedies such as specific
    performance and injunctions are only available in the discretion of the court from which they are sought;  
	 	 	 
	 	(c)	neither
    the entering into nor the delivery of this Agreement nor the completion of the transactions contemplated hereby by HHR or
    the Borrowers will result in the violation of:
	 	 	 	 
	 	 	(i)	any
    of the provisions of its respective constating documents or by-laws;
	 	 	 	 
	 	 	(ii)	any
    agreement or other instrument to which it is a party or by which it is bound, or
	 	 	 	 
	 	 	(iii)	any
    applicable law, rule or regulation.

 

	4.2	Representations
    and Warranties of Bridging

 

Bridging
hereby represents and warrants to HHR and the Borrowers, and acknowledges that HHR and the Borrowers are relying on such representations
and warranties in entering into this Agreement, as follows:

 

	 	(a)	Bridging
    has the power, authority and capacity to enter into this Agreement and to carry out its obligations under this Agreement;
    
	 	 	 
	 	(b)	this
    Agreement constitutes a valid and binding obligation of Bridging enforceable against it in accordance with its terms subject,
    however, to limitations on enforcement imposed by bankruptcy, insolvency, reorganization or other laws affecting the enforcement
    of the rights of creditors and others and to the extent that equitable remedies such as specific performance and injunctions
    are only available in the discretion of the court from which they are sought;  

 

    	 

    	 

    

 

	 	(c)	Bridging
    is the registered and beneficial owner of the Bridging Notes, free and clear of all security interests, pledges, mortgages,
    charges, liens, restrictions, adverse claims, demands and any other encumbrances whatsoever, except as created by this Agreement;
    and
	 	 	 
	 	(d)	neither
    the entering into nor the delivery of this Agreement nor the completion of the transactions contemplated hereby by Bridging
    will result in the violation of:
	 	 	 	 
	 	 	(i)	any
    of the provisions of its constating documents or by-laws;
	 	 	 	 
	 	 	(ii)	any
    agreement or other instrument to which it is a party or by which it is bound, or
	 	 	 	 
	 	 	(iii)	any
    applicable law, rule or regulation.

 

	4.3	Survival
    of Representations and Warranties 

 

The
representations and warranties set forth in Sections 4.1 and 4.2 shall survive the closing of the Put Option or any termination
of this Agreement and will expire on the date that is 2 years from the date hereof.

 

ARTICLE
5

GENERAL

 

	5.1	Successors
    and Assigns

 

This
Agreement shall enure to the benefit of and be binding upon the parties and their respective heirs, executors, administrators,
representatives, successors (including any successor by reason of amalgamation of any party) and permitted assigns of the parties
hereto.

 

	5.2	Amendment

 

No
amendment to this Agreement shall be valid or binding unless set forth in writing and duly executed by each of the parties hereto.

 

	5.3	Waiver

 

No
waiver of any breach of any provision of this Agreement shall be effective or binding unless made in writing and signed by the
party purporting to give the same and, unless otherwise provided in the written waiver, shall be limited to the specific breach
waived.

 

	5.4	Assignment

 

This
Agreement or portions thereof may not be assigned by any party hereto without the prior written consent of the other parties hereto,
such consent to be given in the sole discretion of such parties, provided that HHR may assign this Agreement to the “Resulting
Issuer” as defined in the management information circular of HHR dated May 24, 2019, without such consent, if such assignee
signs a counterpart version of this Agreement pursuant to which it assumes all rights and obligations, and provides all representations,
warranties and covenants, of HHR.

 

    	 

    	 

    

 

	5.5	Notices

 

All
notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively
given upon the earlier of actual receipt or (a) personal delivery to the party to be notified, (b) when sent, if sent by electronic
mail during normal business hours of the recipient, and if not sent during normal business hours, then on the recipient’s
next business day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage
prepaid, or (d) one (1) business day after deposit with a nationally recognized overnight courier, freight prepaid, specifying
next business day delivery, with written verification of receipt. All communications shall be sent to the respective parties at
their address as set forth below or to such email address, facsimile number or address as subsequently modified by written notice
given in accordance with this Section 5.5.

 

	 	(a)	if
    to HHR or the Borrowers:

 

1155
W. Rio Salado Parkway, Suite 201

Tempe, AZ 85281

 

	 	Attention:	Leo
    Jaschke
	 	E-mail:	[***]

 

with
a copy (which shall not constitute notice) to:

 

Cassels
Brock & Blackwell LLP

40
King Street West, Suite 2100

Toronto,
Ontario M5H 3C2

 

	 	Attention:	John
    Vettese
	 	E-mail:	[***]

 

	 	(b)	if
    to Bridging:

 

77
King St. West, Suite 2925

Toronto,
ON M5K 1K7

 

	 	Attention:	Natasha
    Sharpe, Chief Investment Officer
	 	E-mail:	[***]

 

with
a copy (which shall not constitute notice) to:

 

Wildeboer
Dellelece LLP

365
Bay Street, Suite 800

Toronto,
ON M5H 2V1

 

	 	Attention:	James
    Padwick
	 	E-mail:	[***]

 

    	 

    	 

    

 

	5.6	Further
    Assurances

 

The
parties shall with reasonable diligence do all such things and provide all such reasonable assurances as may be required to consummate
the transactions contemplated by this Agreement, and each party shall provide such further documents or instruments required by
any other party as may be reasonably necessary or desirable to effect the purpose of this Agreement and carry out its provisions.

 

	5.7	Counterparts
    

 

This
Agreement may be executed in any number of counterparts by the parties hereto each of which when so executed and delivered shall
be deemed to be an original and all of which taken together shall constitute one and the same agreement. This Agreement may be
delivered by any party by facsimile and if so executed and delivered shall be legal, valid and binding on the party executing
in such manner.

 

Each
of the undersigned have executed, or have caused to be executed, this Put Option Agreement on the date first written above.

 

    	 

    	 

    

 

IN
WITNESS WHEREOF this Agreement has been executed as of the date first above written.

 

	 	BRIDGING
    FINANCE INC.
	 	 	 
	 	By:	/s/
    David Sharpe
	 	Name:	David
    Sharpe
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	By:	/s/
    Natasha Sharpe
	 	Name:	Natasha
    Sharpe
	 	Title:	Chief
    Investment Officer

 

[Signature
Page – Put Option Agreement]

 

    	 

    	 

    

 

	HARVEST
    HEALTH & RECREATION INC.	 
	 	 	 
	By:	/s/
    Steve White	 
	Name:	Steve
    White	 
	Title:	Chief
    Executive Officer	 
	 	 	 
	HARVEST
    DISPENSARIES, CULTIVATIONS	 
	&
    PRODUCTION FACILITIES LLC	 
	 	 	 
	By:	/s/
    Steve White	 
	Name:	Steve
    White	 
	Title:	Chief
    Executive Officer	 
	 	 	 
	HARVEST
    ENTERPRISES, INC.	 
	 	 	 
	By:	/s/
    Steve White	 
	Name:	Steve
    White	 
	Title:	Chief
    Executive Officer	 

 

[Signature
Page – Put Option Agreement]

 

    	 

    	 

    

 

Schedule
A

 

EXERCISE
FORM

 

	TO:	HARVEST
    HEALTH & RECREATION INC. (“HHR”)
	 	1155
    W. Rio Salado Parkway, Suite 201
	 	Tempe,
    AZ  85281

 

Re:
Put option agreement (the “Put Agreement”) dated December 20, 2019 between the undersigned Bridging Finance Inc.,
as agent for certain lender, HHR, Harvest Dispensaries, Cultivations & Production Facilities LLC and Harvest Enterprises,
Inc.

 

The
undersigned, pursuant to Article 2 of the Agreement, hereby exercise their Put Right to require that HHR purchase all but not
less than all the Bridging Notes at the Exercise Price.

 

All
capitalized terms used but not defined herein shall have the meaning ascribed thereto in the Put Agreement.

 

DATED
this                day of             ,
2020.

 

	 	BRIDGING
    FINANCE INC.
	 	 	        
	 	By:	 
	 	Name:	 
	 	Title:

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