Document:

Exhibit 10.6

 

DIAMONDHEAD HOLDINGS CORP.

250 Park Ave. 7th Floor

New York, New York 10177

 

January 25, 2021

 

DHP SPAC-II Sponsor LLC

250 Park Ave. 7th Floor

New York, New York 10177

 

	 	Re:	Administrative Support Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and between DiamondHead
Holdings Corp. (the “Company”) and DHP SPAC-II Sponsor LLC (“Sponsor”), dated as of the date hereof, will
confirm our agreement that, commencing on the date the securities of the Company are first listed on The Nasdaq Capital Market
(the “Listing Date”), pursuant to a Registration Statement on Form S-1 and prospectus filed with the U.S. Securities
and Exchange Commission (the “Registration Statement”) and continuing until the earlier of the consummation by the
Company of an initial business combination or the Company’s liquidation (in each case as described in the Registration Statement)
(such earlier date hereinafter referred to as the “Termination Date”):

 

(i)       Sponsor
shall make available, or cause to be made available, to the Company, at 250 Park Ave. 7th Floor New York, New York 10177
(or any successor location of Sponsor), certain office space, utilities and secretarial and administrative support as may be reasonably
required by the Company. In exchange therefor, the Company shall pay Sponsor the sum of $10,000 per month on the Listing Date and
continuing monthly thereafter until the Termination Date; and

 

(ii)      Sponsor
hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising
out of, this letter agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due
to it out of, the trust account established for the benefit of the public stockholders of the Company and into which substantially
all of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”) as a result
of, or arising out of, this letter agreement, and hereby irrevocably waives any Claim it may have in the future, which Claim would
reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and further
agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against the Trust Account or any monies or other
assets in the Trust Account for any reason whatsoever.

 

This letter agreement constitutes the entire
agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements,
or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter
hereof or the transactions contemplated hereby.

 

This letter agreement may not be amended,
modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.

 

No party hereto may assign either this letter
agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other party. Any
purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any
interest or title to the purported assignee.

 

This letter agreement constitutes the entire
relationship of the parties hereto, and any litigation between the parties (whether grounded in contract, tort, statute, law or
equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without
giving effect to its choice of law principles.

 

     

     

    

 

[Signature Page Follows]

 

     

     

    

 

	 	Very truly yours,
	 	 
	 	DIAMONDHEAD HOLDINGS CORP.
	 	 
	 	By: 	/s/ David T. Hamamoto
	 	 	Name: David T. Hamamoto
	 	 	Title: Chief Executive Officer

 

	AGREED TO AND ACCEPTED BY:	 
	DHP
    SPAC-II Sponsor LLC	 
	 	 
	By :Diamond Head Partners LLC,
    its Managing Member	 
	 	 
	By:	/s/ David T. Hamamoto	 
	Name:David T. Hamamoto	 
	Title: Managing Member	 

 

[Signature Page to Administrative Support Agreement]Exhibit 10.1

 

Acreage Holdings, Inc.

450 Lexington Avenue,
#3308

New York, NY 10163

 

September 28, 2020

 

SAFMB Concord LP

1900 Dome Tower, 333 7th Ave SW

Calgary, Alberta T2P 2Z1

 

Attention: Aaron Bunting

 

Dear Sir:

 

Reference is made to the Standby Equity Distribution
Agreement dated as of May 29, 2020 (the “SEDA”) between SAFMB Concord LP (the “Investor”)
and Acreage Holdings, Inc. (the “Company”). Capitalized terms used but not defined herein have the meanings
ascribed to them in the SEDA. 

 

Further to recent discussions,
we are writing to set out the terms and conditions upon which the SEDA will be terminated pursuant to Section 11.02(c) thereof.
Please indicate your agreement to the following by signing and returning to the Company an executed copy of this letter agreement.

 

For good and valuable
consideration, the sufficiency of which is hereby acknowledged, the Investor and the Company covenant and agree as follows:

 

		1.	Termination. Effective as of 11:59 pm (EST) on the earliest to occur of: (i) November 30,
2020; and (ii) the date that the Company has obtained both a receipt from the Ontario Securities Commission for a short-form final
base shelf prospectus and a declaration from the Units States Securities and Exchange Commission that its registration statement
is effective, in each case qualifying an At-The-Market equity offering program:

 

		(a)	the SEDA and all rights and obligations of the parties under the SEDA shall be terminated with
the exception of Article 5 of the SEDA which shall survive indefinitely; and

 

		(b)	the parties irrevocably and unconditionally release and discharge each other from any and all Claims
which they have now or may have in the future against each other, other than (i) Claims involving fraud, bad faith, breach of fiduciary
duty or wilful misconduct, (ii) Claims relating to or arising out of the provisions of the SEDA which survive pursuant to Section
1(a) of this letter agreement. “Claims” means all actions, causes of action, suits, proceedings, executions,
judgements, duties, debts, accounts, contracts and covenants, claims and demands for losses, damages, liabilities, indemnity, costs,
expenses, interest or injury of every nature and kind whether in law or in equity relating to or arising out of the SEDA.

 

		2.	Assignment. Neither this letter agreement nor any rights of the parties hereto may be assigned
to any other Person; provided that the Investor may assign this letter to an affiliate of the Investor on notice to the Company.

 

		3.	Amendments. No amendment or waiver of any provision of any of this letter agreement shall
be effective unless in writing and approved by the parties.

 

		4.	Severability. If any provision of this letter agreement is determined to be illegal, invalid
or unenforceable, by an arbitrator or any court of competent jurisdiction from which no appeal exists or is taken, that provision will be severed from this
letter agreement and the remaining provisions will remain in full force and effect.

 

     

    -2-

    

 

		5.	Governing Law. This letter agreement is governed by, and will be interpreted and construed
in accordance with, the laws of the Province of Alberta and the federal laws of Canada applicable therein.

 

		6.	Further Assurances. The parties shall, from time to time, do all such acts and things and
execute and deliver all such transfers, assignments and instruments as may be reasonably required for more effectively and completely
carrying out the intent of this letter agreement.

 

		7.	Benefit of the Agreement. This letter agreement becomes effective when executed by all of
the parties. After that time, it will be binding upon and enure to the benefit of the parties and their respective successors and
permitted assigns.

 

		8.	Counterparts. This letter agreement may be executed in any number of counterparts, each
of which is deemed to be an original, and such counterparts together constitute one and the same instrument. Transmission of an
executed signature page by facsimile, email or other electronic means is as effective as a manually executed counterpart of this
letter agreement.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

     

     

    

 

Yours truly,

 

 

	ACREAGE HOLDINGS, INC.	 
	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 
	ACCEPTED AND AGREED as of this 28th day of September 2020.	 
	 	 
	SAFMB CONCORD LP, by its general partner	 
	SAFMB CONCORD GP INC.	 
	 	 
	By:	/s/ Aaron Bunting 	 
	 	Name: Aaron Bunting	 
	 	Title: Chief Financial Officer	 

 

Side LetterExhibit 10.2

 

Acreage Holdings, Inc.

450 Lexington Avenue, #3308

New York, NY 10163

 

January 25, 2021

 

SAFMB Concord LP

1900 Dome Tower, 333 7th Ave SW

Calgary, Alberta
T2P 2Z1

 

Attention: Aaron Bunting

 

Dear Sir:

 

Reference is made to:
(a) the Standby Equity Distribution Agreement dated as of May 29, 2020 (the “SEDA”) between SAFMB Concord LP
(the “Investor”) and Acreage Holdings, Inc. (the “Company”); and (b) the letter agreement
dated September 28, 2020 (the “September Letter Agreement”) from the Company to the Investor. Capitalized terms
used but not defined herein have the meanings ascribed to them in the SEDA.

 

Pursuant to the September
Letter Agreement, the Investor and the Company had agreed to terminate the SEDA and all rights and obligations of the parties thereunder,
subject to certain exceptions, effective as of 11:59 pm (EST) on the earliest to occur of: (i) November 30, 2020 (the “Original
Deadline”); and (ii) the date that the Company has obtained both a receipt from the Ontario Securities Commission for
a short- form final base shelf prospectus and a declaration from the United States Securities and Exchange Commission that its
registration statement is effective, in each case qualifying an At-The-Market equity offering program (collectively, the “Receipts”).

 

Further to recent discussions,
the Investor and the Company wish to enter into this letter agreement to set out the terms and conditions upon which the SEDA will
be terminated pursuant to Section 11.02(c) thereof.

 

Please indicate your
agreement to the following by signing and returning to the Company an executed copy of this letter agreement.

 

For good and valuable
consideration, the sufficiency of which is hereby acknowledged, the Investor and the Company covenant and agree as follows:

 

		1.	Extension. The Investor and the Company agree that Original Deadline is extended in accordance
with Section 2 of this letter agreement and, notwithstanding anything to the contrary set out in the September Letter Agreement,
the SEDA has not been terminated as at the date hereof and it shall continue in full force and effect, unamended, and is enforceable
against the Company and the Investor in accordance with its terms.

 

		2.	Termination. Effective as of 11:59 pm (EST) on the earliest to occur of: (i) June 30, 2021;
and (ii) the date that the Company has obtained the Receipts:

 

		(a)	the SEDA and all rights and obligations of the parties under the SEDA shall be terminated with
the exception of Article 5 of the SEDA which shall survive indefinitely; and

 

		(b)	the parties irrevocably and unconditionally release and discharge each other from any and all Claims
which they have now or may have in the future against each other, other than (i) Claims involving fraud, bad faith, breach of fiduciary
duty or wilful misconduct, (ii) Claims relating to or arising out of the provisions of the SEDA which survive pursuant to Section 2(a) of this letter agreement.
 “Claims” means all actions, causes of action, suits, proceedings, executions, judgements, duties, debts, accounts,
contracts and covenants, claims and demands for losses, damages, liabilities, indemnity, costs, expenses, interest or injury of
every nature and kind whether in law or in equity relating to or arising out of the SEDA.

 

    

    -2-

    

 

		3.	Assignment. Neither this letter agreement nor any rights of the parties hereto may be assigned
to any other Person; provided that the Investor may assign this letter to an affiliate of the Investor on notice to the Company.

 

		4.	Amendments. No amendment or waiver of any provision of any of this letter agreement shall
be effective unless in writing and approved by the parties.

 

		5.	Severability. If any provision of this letter agreement is determined to be illegal, invalid
or unenforceable, by an arbitrator or any court of competent jurisdiction from which no appeal exists or is taken, that provision
will be severed from this letter agreement and the remaining provisions will remain in full force and effect.

 

		6.	Governing Law. This letter agreement is governed by, and will be interpreted and construed
in accordance with, the laws of the Province of Alberta and the federal laws of Canada applicable therein.

 

		7.	Further Assurances. The parties shall, from time to time, do all such acts and things and
execute and deliver all such transfers, assignments and instruments as may be reasonably required for more effectively and completely
carrying out the intent of this letter agreement.

 

		8.	Benefit of the Agreement. This letter agreement becomes effective when executed by all of
the parties. After that time, it will be binding upon and enure to the benefit of the parties and their respective successors and
permitted assigns.

 

		9.	Counterparts. This letter agreement may be executed in any number of counterparts, each
of which is deemed to be an original, and such counterparts together constitute one and the same instrument. Transmission of an
executed signature page by facsimile, email or other electronic means is as effective as a manually executed counterpart of this
letter agreement.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    

    

    

 

Yours truly,

 

 

	ACREAGE
    HOLDINGS, INC.	 
	 	 
	By:	/s/
Glen Leibowitz	 
	 	Name: Glen Leibowitz	 
	 	Title: Chief Financial
    Officer	 
	 	 
	 	 
	ACCEPTED
    AND AGREED as of this 25 day of January, 2021.	 
	 	 
	SAFMB
    CONCORD LP, by its general partner	 
	SAFMB
    CONCORD GP INC.	 
	 	 
	By:	/s/
    Aaron Bunting	 
	 	Name: Aaron Bunting	 
	 	Title: CFO	 

 

Amendment to Side Letter

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