Document:

Exhibit 10.4

 

SHARE EXCHANGE AGREEMENT

 

BY AND AMONG

 

MEDICINE MAN TECHNOLOGIES INC.,

 

SUCCESS NUTRIENTS INC.

 

AND

 

THE SHAREHOLDERS OF SUCCESS NUTRIENTS
INC.

 

THIS SHARE EXCHANGE
AGREEMENT (the "Agreement") is made and entered into as of February 27, 2017, by and among MEDICINE MAN TECHNOLOGIES,
INC. a Nevada corporation ("MMT"), whose principal place of business is located at 4880 Havana Street, Suite 102 South,
Denver, Colorado 80239; SUCCESS NUTRIENTS INC., a Colorado corporation ("SN"), with its principal place of business
located at 1850 Bassett St., No 1211, Denver, CO 80202; and all of the shareholders of SN (the “Shareholders”), jointly
and severally, who hereby agree as follows.

 

RECITALS

 

WHEREAS, Shareholders
own all of the issued and outstanding Common Shares (as defined in Section 1.1) of SN (the “SN Shares”), which constitute
all of the issued and outstanding securities of SN as of the date hereof; and

 

WHEREAS, MMT
desires to acquire all of the SN Shares from the Shareholders and the Shareholders desire to exchange their SN Shares for shares
of MMT’s common stock on the terms and conditions hereinafter set forth.

 

NOW, THEREFORE,
in consideration of the covenants, promises and representations set forth herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

ARTICLE I

 

EXCHANGE OF SHARES

 

1.1Exchange of Shares. At
the Effective Time (as defined below), and subject to and upon the terms and conditions of this Agreement, the Shareholders agree
to exchange, sell, transfer and assign to MMT, and MMT agrees to acquire from the Shareholders, all of their SN Shares in exchange
for an aggregate of 3.5 million shares of MMT’s common stock (the “MMT Shares”). As of Closing, the SN Shares
shall constitute one hundred percent (100%) of the issued and outstanding securities of SN in the aggregate. The exchange of the
SN Shares for the MMT shares of common stock contemplated hereunder shall be referred to herein as the "Transaction."

 

 

 

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1.2Closing;
Effective Time.

 

(a)
The closing of the Transaction (the "Closing") shall take place at the offices of counsel to MMT, or such other location
as the parties may so agree on or before March 1, 2017, after the satisfaction or waiver of the conditions set forth in Article
VI, or at such other time, date and location as the parties hereto agree in writing (the "Closing Date" or the “Closing”).
As soon as is practicable after the Closing, the parties hereto shall cause the Transaction to be consummated by delivering to
the Secretary of State of the State of Colorado Statement of Share Exchange (the “Statement of Share Exchange”), in
such form as required by, and executed and acknowledged in accordance with, the relevant provisions of the Colorado Business Corporations
Act (“CBCA”), and delivering to the Secretary of State of the State of Nevada Articles of Exchange (the “Articles
of Exchange”), in such form as required by, and executed and acknowledged in accordance with the Nevada Revised Statutes.
The Transaction shall become effective as of the date and at such time (the “Effective Time”) as the Nevada Articles
of Exchange is filed with the Secretary of State of the State of Nevada and the Colorado Statement of Share Exchange is filed with
the Secretary of State of the State of Colorado.

 

(b) The Parties hereto
hereby agree that, for accounting purposes, the effective date of the Merger shall be March 1, 2017 (the “Effective Time”).

 

1.3Delivery of Certificates
Representing the SN Shares. On the Effective Time, the Shareholders shall deliver their certificates representing their SN
Shares, duly endorsed to MMT or accompanied by stock powers or other assignments or documents to effectuate transfer of the SN
Shares duly endorsed to MMT, with (i) all such other documents as may be required to vest in MMT good and marketable title to the
SN Shares free and clear of any and all Liens (as defined in Section 2.3 hereof), and (ii) all necessary stock transfer and any
other required documentary stamps. The Shareholders shall cause SN to recognize and record the transfers described in this Section
1.3 on its transfer books.

 

1.4Issuance of Certificates
Representing the MMT Shares. On the Effective Time, or as soon thereafter as practical, MMT shall cause the MMT Shares to be
issued to the Shareholders as provided in Section 1.1 above, pro rata to their respective ownership of the SN Shares or as the
Shareholders shall direct, so long as such direction is acceptable to legal counsel of MMT. Thirty-five (35) shares of MMT’s
common stock shall be issued for each shares of SN common stock issued and outstanding at the Effective Time. A list of the Shareholders
and their respective shares owned in SN, as well as the number of MMT Shares to be issued in the Transaction, is attached hereto
as Exhibit “B.”

 

The MMT Shares, when issued, shall
be “restricted” shares (as that term is defined under the Securities Act of 1933, as amended) (the “Act”)
and may not be sold, transferred or otherwise disposed of by the Shareholders without registration under the Act or an available
exemption from registration under the Act. The certificates representing the MMT Shares will contain the appropriate restrictive
legends. MMT shall cause its Transfer Agent to recognize and record the transfers described in this Section 1.4 on its transfer
books, and MMT shall issue appropriate stop-transfer instructions to the Transfer Agent with respect to the MMT Shares.

 

1.5Taking of Necessary Action;
Further Action. If, at any time after the Closing, any further action is necessary or desirable to carry out the purposes of
this Agreement and to vest MMT with full right, title and possession to the SN Shares, the Shareholders will take all such lawful
and necessary action.

 

 

 

 

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ARTICLE II 

 

REPRESENTATIONS AND WARRANTIES OF SN AND
SHAREHOLDERS

 

SN and the Shareholders
hereby represent and warrant to their respective knowledge, and covenant with, MMT with respect to those matters set forth in this
Article II. For purposes of this Agreement, the disclosure of any matter in a schedule to this Agreement (the “Disclosure
Schedule”) shall serve as a sufficient disclosure for purposes of any and all representations and warranties in this Agreement
to which such matter logically relates and where such deemed inclusion can be reasonably inferred from the matter and shall be
deemed to modify such representation and warranty to the full extent of the disclosure. It is understood that the listing (or inclusion
of a copy) of a document or other item on the Disclosure Schedule shall be deemed adequate disclosure of the document or item and
its contents. The Seller shall make a good faith effort to list or cross reference matters on the Disclosure Schedule to which
the matter logically relates.

 

2.1Ownership of Shares.
Shareholders are the record and beneficial owners of all of the issued and outstanding SN Shares.

 

2.2Authority. The Shareholders
have full power and authority and are competent to (i) execute, deliver and perform this Agreement, and each ancillary document
which Shareholders have executed or delivered or are to execute or deliver pursuant to this Agreement, and (ii) carry out Shareholders
obligations hereunder and thereunder, without the need for any Governmental Action/Filing (as defined herein). The execution, delivery
and performance by the Shareholders to this Agreement and each ancillary document does not and will not conflict with, result in
a breach of, or constitute a default or require a consent or action under, any agreement or other instrument to or by which such
Shareholders are a party or are bound or to which any of the properties or assets of the Shareholders are subject, or any Legal
Requirement (as defined herein) to which such Shareholders are subject, or result in the creation of any Lien (as defined in Section
2.3) on the Shares. This Agreement, and Shareholders ancillary document to be executed and delivered by such Shareholders at the
Closing, have been duly executed and delivered by such Shareholders (and each ancillary document to be executed and delivered by
Shareholders at or after the Closing will be duly executed and delivered by Shareholders), and this Agreement constitutes, and
each ancillary document, when executed and delivered by Shareholders will constitute such Shareholders’ legal, valid and
binding obligation, enforceable against Shareholders in accordance with its terms. For purposes of this Agreement, (x) the term
"Governmental Action/Filing" shall mean any franchise, license, certificate of compliance, authorization, consent, order,
permit, approval, consent or other action of, or any filing, registration or qualification with, any federal, state, municipal,
foreign or other governmental, administrative or judicial body, agency or authority, and (y) the term "Legal Requirements"
means any federal, state, local, municipal, foreign or other law, statute, constitution, principle of common law, resolution, ordinance,
code, edict, decree, rule, regulation, ruling or requirement issued, enacted, adopted, promulgated, implemented or otherwise put
into effect by or under the authority of any Governmental Entity (as defined in Section 2.8(b)), and all requirements set forth
in applicable Contracts (as defined in Section 2.18(a)).

 

2.3Title to Shares. The
Shareholders have and shall transfer to MMT at the Closing good and marketable title to all of their SN Shares, free and clear
of all liens, claims, charges, encumbrances, pledges, mortgages, security interests, options, rights to acquire, proxies, voting
trusts or similar agreements, restrictions on transfer (other than federal and state securities laws restrictions on transfer)
or adverse claims of any nature whatsoever ("Liens").

 

 

 

 

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2.4Acquisition of MMT Shares
for Investment.

 

(a)The Shareholders are acquiring
the MMT Shares to be issued to them for investment for Shareholders own account and not as a nominee or agent, and not with a view
to the resale or distribution of any part thereof, and neither Shareholder has any present intention of selling, granting any participation
in, or otherwise distributing the same. Each Shareholder further represents that he/she does not have any contract, undertaking,
agreement or arrangement with any person to sell, transfer or grant participation to such person or to any third person, with respect
to any of the MMT Shares.

 

(b)The Shareholders understand
that the MMT Shares are not and will not be registered under the Securities Act, that the sale and the issuance of the MMT Shares
is intended to be exempt from registration under the Act pursuant to Section 4(2) thereof, and that MMT's reliance on such exemption
is predicated on each Shareholders’ representations set forth herein. The Shareholders represent and warrant that: (i) he
or she can bear the economic risk of their investment, and (ii) he or she possesses such knowledge and experience in financial
and business matters that they are capable of evaluating the merits and risks of the investment in the MMT Shares.

 

(c)The Shareholders acknowledge
that neither the US Securities and Exchange Commission, nor the securities regulatory body of any state or other nation has received,
considered or passed upon the accuracy or adequacy of the information and representations made in this Agreement.

 

(d)The Shareholders acknowledge
that they have carefully reviewed such information as they deemed necessary to evaluate an investment in the MMT Shares. To their
full satisfaction the Shareholders have been furnished all materials requested relating to MMT and the issuance of the MMT Shares
hereunder, and the Shareholders has been afforded the opportunity to ask questions of MMT's representatives to obtain any information
necessary to verify the accuracy of any representations or information made or given to the Shareholders. Notwithstanding the foregoing,
nothing herein shall derogate from or otherwise modify the representations and warranties of MMT set forth in this Agreement, on
which the Shareholders have relied in making an exchange of their Shares for the MMT Shares.

 

(e)The Shareholders understand
that the MMT Shares may not be sold, transferred, or otherwise disposed of without registration under the Act or an exemption therefrom,
and that in the absence of an effective registration statement covering the MMT Shares or any available exemption from registration
under the Act, the MMT Shares must be held indefinitely. Shareholders further acknowledge that the MMT Shares may not be sold pursuant
to Rule 144 promulgated under the Securities Act unless all of the conditions of Rule 144 are satisfied, or the MMT Shares have
been registered with the US Securities and Exchange Commission.

 

2.5Organization and Qualification
of SN.

 

(a)SN is a corporation duly organized,
validly existing and in good standing under the laws of Colorado and has the requisite power and authority to own, lease and operate
its assets and properties and to carry on its business as it is now being or currently planned by SN to be conducted. SN is in
possession of all franchises, grants, authorizations, licenses, permits, easements, consents, certificates, approvals and orders
("Approvals") necessary to own, lease and operate the properties it purports to own, operate or lease and to carry on
its business as it is now being or currently planned by SN to be conducted, except where the failure to have such Approvals could
not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect (as defined in Section 8.2(b))
on SN. Complete and correct copies of the Articles of Incorporation, Bylaws and all corporate minutes (or other comparable governing
instruments with different names) (collectively referred to herein as "Charter Documents") of SN, as amended and currently
in effect, are attached hereto as Schedule 2.5. SN is not in violation of any of the provisions of its Charter Documents.

 

 

 

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(b)SN is duly qualified or licensed
to do business as a foreign corporation and is in good standing in each jurisdiction where the character of the properties owned,
leased or operated by it or the nature of its activities makes such qualification or licensing necessary, except for such failures
to be so duly qualified or licensed and in good standing that could not, individually or in the aggregate, reasonably be expected
to have a Material Adverse Effect on SN.

 

(c)The minute books of SN contain
true, complete and accurate records of all meetings and consents in lieu of meetings of its Board of Directors (and any committees
thereof), similar governing bodies and Shareholders ("Corporate Records") since the time of SN's organization. Copies
of such Corporate Records of SN have been heretofore delivered to MMT.

 

(d)The transfer records of SN contain
true, complete and accurate records of Shareholders transfers involving the SN Shares ("Shareholders Records") of SN
since the time of SN's organization.

 

2.6Subsidiaries. SN has
no subsidiary companies. SN does not own, directly or indirectly, any other ownership, equity, profits or voting interest in any
other entity or Person or has any agreement or commitment to purchase any such interest, and SN has not agreed and is not obligated
to make nor is bound by any written, oral or other agreement, contract, subcontract, lease, binding understanding, instrument,
note, option, warranty, purchase order, license, sublicense, insurance policy, benefit plan, commitment or undertaking of any nature,
as of the date hereof or any date hereafter, under which it may be obligated to make any future investment in or capital contribution
to any other entity or Person.

 

For purposes of this Agreement,
(i) the term "Subsidiary" shall mean any entity in which SN, directly or indirectly, owns beneficially securities or
interests representing 50% or more of (x) the aggregate equity or profit interests, or (y) the combined voting power of voting
interests ordinarily entitled to vote for management or otherwise, and (ii) the term "Person" shall mean and include
an individual, a corporation, a partnership (general or limited), a joint venture, an association, a trust or any other organization
or entity, including a government or political subdivision or an agency or instrumentality thereof.

 

2.7Capitalization of SN.

 

(a)All issued and outstanding SN
shares are legally issued, fully paid and non-assessable, and are not issued in violation of the preemptive or other rights of
any person.

 

(b)There are no equity securities,
partnership interests or similar ownership interests of any class of any equity security of SN, or any securities exchangeable
or convertible into or exercisable for such equity securities, partnership interests or similar ownership interests, issued, reserved
for issuance or outstanding. There are no subscriptions, options, warrants, equity securities, partnership interests or similar
ownership interests, calls, rights (including preemptive rights), commitments or agreements of any character to which SN is a party
or by which it is bound obligating SN to issue, deliver or sell, or cause to be issued, delivered or sold, or repurchase, redeem
or otherwise acquire, or cause the repurchase, redemption or acquisition of, any Shares or similar ownership interests of SN or
obligating SN to grant, extend, accelerate the vesting of or enter into any such subscription, option, warrant, equity security,
call, right, commitment or agreement.

 

(c)There are no registration rights,
and there is no voting trust, proxy, rights plan, anti-takeover plan or other agreement or understanding to which SN is a party
or by which SN is bound with respect to any equity security of any class of SN.

 

 

 

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2.8No Conflict; Required Filings
and Consents.

 

(a)The execution and delivery of
this Agreement by the Shareholders does not, and the performance of this Agreement by the Shareholders shall not, (i) conflict
with or violate SN's Charter Documents, (ii) subject to obtaining the adoption of this Agreement and the Transaction by the Shareholders,
conflict with or violate any Legal Requirements, or (iii) result in any breach of or constitute a default (or an event that with
notice or lapse of time or both would become a default) under, or materially impair SN's rights or alter the rights or obligations
of any third party under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in
the creation of a lien or encumbrance on any of the properties or assets of SN pursuant to, any Contracts, except, with respect
to clauses (ii) or (iii), for any such conflicts, violations, breaches, defaults or other occurrences that would not, individually
and in the aggregate, have a Material Adverse Effect on SN.

 

(b)The execution and delivery of
this Agreement by the Shareholders does not, and the performance of their obligations hereunder will not, require any consent,
approval, authorization or permit of, or filing with or notification to, any court, administrative agency, commission, governmental
or regulatory authority, self-regulatory organization, domestic or foreign (a "Governmental Entity"), except (i) for
applicable requirements, if any, of the Act, the Securities Exchange Act of 1934, as amended (the "Exchange Act"), state
securities laws ("Blue Sky Laws"), and the rules and regulations thereunder, and appropriate documents with the relevant
authorities of other jurisdictions in which SN is qualified to do business, (ii) consents, approvals, authorizations, permits,
filings and notices to be obtained or made prior to Closing, and (iii) where the failure to obtain such consents, approvals, authorizations
or permits, or to make such filings or notifications, would not, individually or in the aggregate, reasonably be expected to have
a Material Adverse Effect on SN or, after the Closing, MMT, or prevent consummation of the Transaction or otherwise prevent the
parties hereto from performing their obligations under this Agreement.

 

2.9Compliance. SN has complied
with, is not in violation of, any Legal Requirements with respect to the conduct of its business, or the ownership or operation
of its business, except for failures to comply or violations that, individually or in the aggregate, have not had and are not reasonably
likely to have a Material Adverse Effect on SN. The businesses and activities of SN have not been and are not being conducted in
violation of any Legal Requirements. SN is not in default or violation of any term, condition or provision of any applicable Charter
Documents or Contracts. Neither SN nor the Shareholders have received any notice of non-compliance with any Legal Requirement (and
the Shareholders have no Knowledge of any such notice delivered to any other Person). The Shareholders are not in violation of
any term of any contract or covenant (either with SN or another entity) relating to employment, patents, proprietary information
disclosure, non-competition or non-solicitation.

 

2.10Financial Statements of
SN.

 

(a)SN has delivered
to MMT copies of its unaudited financial statements for the period from its inception through December 31, 2016. The SN Financial
Statements present fairly the financial condition and results of operations of SN at the dates and for the periods covered by the
SN Financial Statements. SN represents and warrants that there has been no material adverse change in the financial condition of
SN subsequent to December 31, 2016.

 

(b)The SN Financial
Statements and any notes related thereto comply as to form in all material respects with applicable accounting requirements, have
been prepared in accordance with United States generally accepted accounting principles (“GAAP”) applied on
a consistent basis throughout the periods involved (except as may be indicated in the notes thereto) and fairly present in all
material respects (subject, in the case of the unaudited interim financial statements, to normal, recurring year-end adjustments
none of which are or will be material in amount, individually or in the aggregate) the consolidated financial position of SN as
at the dates thereof and the consolidated results of their operations and cash flows for the periods then ended.

 

 

 

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(c)SN does not have
any direct or indirect liabilities that were not fully and adequately reflected or reserved against on the balance sheet or described
in the notes to the audited financial statements of SN. SN has no Knowledge of any circumstance, condition, event or arrangement
that has taken place at any time that may hereafter give rise to any liabilities.

 

2.11No Undisclosed Liabilities.
SN has no liabilities (absolute, accrued, contingent or otherwise) of a nature required to be disclosed on a balance sheet which
are, individually or in the aggregate, material to the business, results of operations or financial condition of SN.

 

2.12Litigation. There are
no claims, suits, actions, proceedings pending or, to Shareholders Knowledge, threatened against SN, before any court, governmental
department, commission, agency, instrumentality or authority, or any arbitrator that seeks to restrain or enjoin the consummation
of the transactions contemplated by this Agreement or which could reasonably be expected, either singularly or in the aggregate
with all such claims, actions or proceedings, to have a Material Adverse Effect on SN or have a Material Adverse Effect on the
ability of the parties hereto to consummate the Transaction.

 

2.13Restrictions on Business
Activities. There is no agreement, commitment, judgment, injunction, order or decree binding upon SN or to which SN is a party
which has or could reasonably be expected to have the effect of prohibiting or materially impairing any business practice of SN,
any acquisition of property by SN or the conduct of business by SN as currently conducted other than such effects, individually
or in the aggregate, which have not had and could not reasonably be expected to have a Material Adverse Effect on SN.

 

2.14Title to Property. Other
than as described in Schedule 2.14 hereto, SN owns no other properties.

 

2.15Taxes.

 

(a)Filing
of Tax Returns. SN has timely filed, or have had timely filed on their behalf, with the appropriate Taxing authorities all
Tax Returns in respect of Taxes required to be filed by them. The Tax Returns filed (including any amendments thereof) are complete
and accurate in all material respects. SN has not requested any extension of time within which to file any Tax Return in respect
of any Taxes, which Tax Return has not since been filed in a timely manner. To the Knowledge of SN, no claim has ever been made
by any Taxing authority in a jurisdiction where SN does not file Tax Returns, or has Tax Returns filed on their behalf, that they
are or may be subject to taxation by that jurisdiction, or liable for Taxes owing to that jurisdiction.

 

(b)Payment of
Taxes. All Taxes owed by SN (whether or not shown as due on any Tax Returns) have been paid in full or adequate reserves on
their respective books and/or records have been established. SN has withheld and paid all Taxes required to have been withheld
and paid in connection with amounts paid or owing to any employee, independent contractor, creditor, stockholder, or other third
party. SN has made all required estimated Tax payments sufficient to avoid any underpayment penalties. The unpaid Taxes of SN (A)
do not, as of the Closing Date, exceed the reserve for Tax liability (rather than any reserve for deferred Taxes established to
reflect the timing differences between book and Tax income) set forth on the face of SN’s most recent balance sheets (rather
than any notes thereto) and (B) do not exceed that reserve as adjusted for the passage of time through the Closing Date in accordance
with the past custom and practice of SN in filing, or having filed on their behalf, their Tax Returns. The charges, accruals and
reserves on the books of SN in respect of any liability for Taxes (x) based on or measured by net income for any years not finally
determined, (y) with respect to which the applicable statute of limitations has not expired or (z) that has been previously deferred,
are adequate to satisfy any assessment for such Taxes for any such years.

 

 

 

 

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(c)Audits, Investigations
or Claims. There is no dispute or claim which has not been resolved concerning any Tax liability of SN either (A) claimed or
raised by any Taxing authority in writing or (B) as to which any of the directors and officers (and employees responsible for Tax
matters) of SN has Knowledge. There is no currently pending audit of any Tax Return of SN by any Taxing authority, and SN has not
ever been notified in writing that any Taxing authority intends to audit any Tax Return of SN. SN has not executed any outstanding
waivers or consents regarding the application of the statute of limitations with respect to any Taxes or Tax Returns.

 

(d)Lien. There
are no encumbrances for Taxes (other than for current Taxes not yet due and payable) on any assets of SN.

 

(e)Tax
Elections. SN (i) has not agreed, or are required, to make any adjustment under Section 481(a) of the Code by reason of a change
in accounting method or otherwise; (ii) have not made an election pursuant to Code Sections 338 or 336(e) or the regulations thereunder
or any comparable provisions of any foreign or state or local income tax law; (iii) is not subject to any constructive elections
under Code Section 338 or the regulations thereunder; (iv) has not made any payments, are obligated to make any payments, or are
a party to any agreement that under certain circumstances could obligate it to make any payments that will not be deductible under
§280G and §162(m) of the Code; and (v) has not made any of the foregoing elections or are required to apply any of the
foregoing rules under any comparable state or local income Tax provision.

 

(f)Prior Affiliated
Groups. SN (A) has never been a member of an affiliated group of corporations within the meaning of Section 1504 of the Code
and (B) does not have any liability for the Taxes of any person under Treas. Reg. §1502-6 (or any similar provision of state,
local or foreign law), as a transferee or successor, by contract or otherwise.

 

(g)Tax Sharing
Agreements. SN is not a party to any Tax allocation, indemnity or sharing or similar agreement.

 

(h)Section 355.
SN has not distributed the stock of a “controlled corporation” (within the meaning of that term as used in Section
355(a) of the Code) in a transaction subject to Section 355 of the Code within the past two years.

 

(i)Partnerships.
SN does not own an interest in a partnership for Tax purposes.

 

2.16Brokers; Third Party Expenses.
The Shareholders have not incurred, nor will they incur, directly or indirectly, any liability for brokerage or finders' fees or
agent's commissions or any similar charges in connection with this Agreement or any transaction contemplated hereby.

 

2.17Intellectual Property.
For the purposes of this Agreement, the following terms have the following definitions:

 

"Intellectual
Property" shall mean any or all of the following and all worldwide common law and statutory rights in, arising out of,
or associated therewith: (i) patents and applications therefore and all reissues, divisions, renewals, extensions, provisionals,
continuations and continuations-in-part thereof ("Patents"); (ii) inventions (whether patentable or not), invention
disclosures, improvements, trade secrets, proprietary information, know how, technology, technical data and customer lists, and
all documentation relating to any of the foregoing; (iii) copyrights, copyrights registrations and applications therefore, and
all other rights corresponding thereto throughout the world; (iv) domain names, uniform resource locators ("URLs") and
other names and locators associated with the Internet ("Domain Names"); (v) industrial designs and any registrations
and applications therefore; (vi) trade names, logos, common law trademarks and service marks, trademark and service mark registrations
and applications therefore (collectively, "Trademarks"); (vii) all databases and data collections and all rights therein;
(viii) all moral and economic rights of authors and inventors, however denominated, and (ix) any similar or equivalent rights
to any of the foregoing (as applicable).

 

 

 

 

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"Company Intellectual Property"
shall mean any Intellectual Property that is owned by, or exclusively licensed to, SN or MMT, as applicable.

 

"Registered Intellectual
Property" means all Intellectual Property that is the subject of an application, certificate, filing, registration or
other document issued, filed with, or recorded by any private, state, government or other legal authority.

 

"Company Registered Intellectual
Property" means all of the Registered Intellectual Property owned by, or filed in the name of, SN or MMT, as applicable.

 

"Company Products"
means all current versions of products or service offerings of SN or MMT, as applicable.

 

(a)No Company Intellectual Property
or Company Product is subject to any material proceeding or outstanding decree, order, judgment, contract, license, agreement or
stipulation restricting in any manner the use, transfer or licensing thereof by SN, or which may affect the validity, use or enforceability
of such Company Intellectual Property or Company Product, which in any such case could reasonably be expected to have a Material
Adverse Effect on SN.

 

(b)SN owns and has good and exclusive
title to, each material item of Company Intellectual Property owned by it free and clear of any Liens (excluding non-exclusive
licenses and related restrictions granted in the ordinary course); and SN is the exclusive owner of all material Trademarks used
in connection with the operation or conduct of the business of SN, including the sale of any products or the provision of any services
by SN.

 

(c)The operation of the business
of SN as such business currently is conducted, including (i) the design, development, manufacture, distribution, reproduction,
marketing or sale of the products or services of SN (including Products), and (ii) SN's use of any product, device or process,
to SN's Knowledge and except as could not reasonably be expected to have a Material Adverse Effect, has not and does not and will
not infringe or misappropriate the Intellectual Property of any third party or constitute unfair competition or trade practices
under the laws of any jurisdiction.

 

2.18Agreements, Contracts and
Commitments.

 

(a)Schedule 2.18 hereto sets forth
a complete and accurate list of all Material Contracts (as hereinafter defined), specifying the parties thereto. For purposes of
this Agreement:

 

"Contracts" shall
mean all contracts, agreements, leases, mortgages, indentures, note, bond, liens, license, permit, franchise, purchase orders,
sales orders, arbitration awards, judgments, decrees, orders, documents, instruments, understandings and commitments, or other
instrument or obligation (including without limitation outstanding offers or proposals) of any kind, whether written or oral, to
which SN is a party or by or to which any of the properties or assets of SN may be bound, subject or affected (including without
limitation notes or other instruments payable to SN).

 

"Material Contracts"
shall mean (x) each Contract (I) providing for payments (past, present or future) to SN in excess of $50,000 in the aggregate or
(II) under which or in respect of which SN presently has any liability or obligation of any nature whatsoever (absolute, contingent
or otherwise) in excess of $50,000, (y) each Contract which otherwise is or may be material to the businesses, operations, assets,
condition (financial or otherwise) or prospects of SN and (z) without limitation of subclause (x) or subclause (y), each of the
following Contracts:

 

 

 

 

 

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(i)any mortgage, indenture, note,
installment obligation or other instrument, agreement or arrangement for or relating to any borrowing of money by or from SN, any
Subsidiary, or any officer, director or 5% or more stockholder ("Insider") of SN;

 

(ii)any guaranty, direct or indirect,
by SN or any Insider of SN of any obligation for borrowings, or otherwise, excluding endorsements made for collection in the ordinary
course of business;

 

(iii)any Contract made other than
in the ordinary course of business or (x) providing for the grant to any preferential rights to purchase or lease any asset of
SN, or (y) providing for any right (exclusive or non-exclusive) to sell or distribute, or otherwise relating to the sale or distribution
of, any product or service of SN;

 

(iv)any obligation to register
any Shares or other securities of SN with the U.S. Securities and Exchange Commission ("SEC") or any state securities
commission or agency;

 

(v)any obligation to make payments,
contingent or otherwise, arising out of the prior acquisition of the business, assets or stock of other Persons;

 

(vi)any collective bargaining agreement
with any labor union;

 

(vii)any lease or similar arrangement
for the use by SN of Personal Property; and

 

(viii)any Contract to which any
Insider of SN is a party.

 

(b)Each Contract was entered into
at arms' length and in the ordinary course, is in full force and effect and is valid and binding upon and enforceable against each
of the parties thereto. True, correct and complete copies of all Material Contracts (or written summaries in the case of oral Material
Contracts) and of all outstanding offers or proposals of SN have been heretofore delivered to MMT.

 

(c)Neither SN nor any other party
thereto is in breach of or in default under, and no event has occurred which with notice or lapse of time or both would become
a breach of or default under, any Contract, and no party to any Contract has given any notice of any claim of any such breach,
default or event, which, individually or in the aggregate, are reasonably likely to have a Material Adverse Effect on SN. Each
Contract to which SN is a party or by which it is bound that has not expired by its terms is in full force and effect, except where
such failure to be in full force and effect is not reasonably likely to have a Material Adverse Effect on SN.

 

2.19Interested Party Transactions.
No employee, officer, director or Shareholder of SN or a Shareholder’s of his immediate family is indebted to SN, nor is
SN indebted (or committed to make loans or extend or guarantee credit) to any of them, other than (i) for payment of salary for
services rendered, (ii) reimbursement for reasonable expenses incurred on behalf of SN, and (iii) for other employee benefits made
generally available to all employees. To each Shareholders Knowledge, none of such individuals has any direct or indirect ownership
interest in any Person with whom SN is affiliated or with whom SN has a contractual relationship, or any Person that competes with
SN, except that each employee, Shareholders, officer and director of SN and Shareholders of their respective immediate families
may own less than 5% of the outstanding stock in publicly traded companies that may compete with SN. To each Shareholders Knowledge,
no manager or Shareholders or any Shareholders of their immediate families is, directly or indirectly, interested in any material
contract with SN (other than such contracts as relate to any such individual ownership of Shares or other securities of SN).

 

 

 

 

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2.20Representations and Warranties
Complete. The representations and warranties of the Shareholders included in this Agreement and any list, statement, document
or information set forth in, or attached to, any Schedule provided pursuant to this Agreement or delivered hereunder, are true
and complete in all material respects and do not contain any untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements contained therein not misleading, under the circumstance under
which they were made.

 

ARTICLE III

 

REPRESENTATIONS AND WARRANTIES OF MMT

 

Except as set forth
on the disclosure schedules, MMT hereby represents and warrants to SN and the Shareholders as follows:

 

3.1Organization
and Qualification; MMT is a corporation, duly incorporated or organized, validly existing and in good standing under the laws
of Nevada, has requisite power and authority and governmental approvals to own, lease and operate its properties and to carry on
its business as currently conducted. MMT is duly qualified or licensed to do business and is in good standing in each jurisdiction
in which the ownership or leasing of its property or the conduct of its business requires such qualification or licensing, except
where the failure to be so qualified or licensed or in good standing would not, individually or in the aggregate, have a Material
Adverse Effect on MMT. 

 

3.2Authority
to Execute and Perform Agreement. MMT has the requisite power and all authority required to enter into, execute and deliver
this Agreement and the Transaction Documents to which it is a party, to perform its obligations hereunder and thereunder and to
consummate the Transaction. The execution, delivery and performance of this Agreement and the consummation of the Transaction
have been duly authorized by all necessary corporate action.

 

3.3Binding
Effect. This Agreement has been validly executed and delivered by MMT and, assuming the due execution and delivery hereof by
SN, constitutes a valid and binding obligation of MMT, enforceable against MMT in accordance with its terms, except to the extent
such enforceability may be limited by (i) bankruptcy, insolvency, reorganization, moratorium or other similar laws of general applicability
affecting or relating to enforcement of creditors’ rights generally, and (ii) general equitable principles (regardless of
whether such enforceability is considered in equity or at law).

 

3.4Capitalization
of MMT.

 

(a)As of the date
hereof, the authorized capital stock of MMT consists of (i) Ninety Million (90,000,000) shares of Common Stock, par value
$0.001 per share, of which 10,470,944 shares of Common Stock are issued and outstanding, all of which are validly issued, fully
paid and non-assessable, and all of which have been issued and granted in compliance with all applicable securities laws and (in
all material respects) other applicable Legal Requirements; and (ii) 10,000,000 shares of Preferred Stock, par value $0.001 per
share, none of which has been issued or is outstanding. MMT has no other authorized, issued or outstanding class of capital stock.

 

(b)Obligations.
There are no obligations, contingent or otherwise, of MMT to repurchase, redeem or acquire shares of MMT.

 

(c)Options, Warrants,
etc. As of the date hereof MMT has issued an aggregate of $870,000 in convertible notes, convertible into 497,143 shares of
MMT’s common stock at a conversion price of $1.75 per share. There are no other existing options, rights, subscriptions,
warrants, unsatisfied preemptive rights, calls or commitments relating to (i) the authorized and unissued capital stock of MMT,
or (ii) any securities or obligations convertible into or exchangeable for, or giving any Person any right to subscribe for or
acquire from MMT any shares of capital stock of MMT and no such convertible or exchangeable securities or obligations are outstanding.

 

 

 

 

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(d)Registration.
The outstanding shares of the capital stock of MMT have been issued in full compliance with the registration and prospectus delivery
requirements of the Securities Act or in compliance with applicable exemptions therefrom, and the registration and qualification
requirements of all applicable securities laws of states of the United States.

 

(e)MMT Shares.
The MMT Shares, when issued as provided in this Agreement, will be duly authorized and validly issued, fully paid and non-assessable,
and will be free of any Liens or encumbrances and of restrictions on transfer, other than restrictions on transfer under applicable
state and federal securities laws or the Transaction documents.

 

3.5Board
Approval. The Board of Directors of MMT, by resolutions duly adopted at a meeting duly called and held at which a quorum was
present or by the written consent in lieu of such a meeting, has approved this Agreement and the Transaction in accordance with
the requirements of the State of Nevada.

 

3.6No
Material Adverse Change. There has been no change in the business, properties, assets, operations or condition (financial or
otherwise) which has resulted or reasonably could be expected to result in or which MMT has reason to believe could reasonably
be expected to result in a Material Adverse Effect on it, and MMT has no Knowledge of any such change that is threatened, nor has
there been any damage, destruction or loss affecting the assets, properties, business, operations or condition (financial or otherwise),
whether or not covered by insurance which has resulted or reasonably could be expected to result in or which MMT has reason to
believe could reasonably be expected to result in a Material Adverse Effect on MMT. 

 

3.7Books
and Records. The books and records, financial and otherwise, of MMT are in all material respects complete and correct and have
been maintained in accordance with sound business and bookkeeping practices so as to accurately and fairly reflect, in reasonable
detail, the transactions and dispositions of the assets and liabilities of MMT.

 

3.8Litigation.
There are no Legal Proceedings pending or, to the Knowledge of MMT, threatened against or involving MMT, or any of its respective
property or assets. There are no outstanding orders, judgments, injunctions, awards or decrees of any court, governmental or regulatory
body or arbitration tribunal against or involving MMT.

 

3.9No Undisclosed
Liabilities. MMT has no liabilities (absolute, accrued, contingent or otherwise) of a nature required to be disclosed on a
balance sheet or in the related notes to the financial statements which are, individually or in the aggregate, material to the
business, results of operations or financial condition of SN.

 

3.10Title
to Properties; Absence of Liens. MMT has good and marketable title to all of its respective assets and properties, whether
real, personal or fixed, free and clear of all Liens, except for Liens for Taxes not yet due and payable or which MMT is contesting
in good faith and for which adequate reserves have been established. 

 

3.11Compliance
with Laws. MMT is not in violation of, default under, or conflict with, any applicable Order or any Applicable Law, except
for any such violations that would not, individually or in the aggregate, have a Material Adverse Effect on MMT.

 

3.12Intellectual
Property. On the Effective Date MMT will not own, license or otherwise have any rights in or to any Intellectual Property.

 

 

 

 

    		12	 

     

    

 

3.13Non-Contravention.
The execution and delivery of this Agreement and the Transaction documents by MMT, the performance by MMT of its obligations hereunder
and thereunder, and the consummation of the Transaction contemplated hereby and thereby by such entities (A) do not and will not
conflict with, or result in a breach or violation of (i) any provision of the charter or bylaws of any of MMT, (ii) any applicable
laws, (iii) any material agreement, contract, lease, license or instrument to which MMT is a party or by which MMT or any of each
of its properties or assets are bound and (B) will not result in the creation or imposition of any Lien upon any of the property
or assets of MMT pursuant to any provision of any contract or Lien.

 

3.14Consents
and Approvals. Except for (i) those consents, approvals, authorizations, filings or notices set forth on Schedule 3.15,
(ii) applicable requirements of the Securities Act or the Exchange Act, (iii) notices and filings in connection with the Transaction,
no consent, approval or authorization of, filing with, or notice to, any Governmental Body is required by MMT in connection with
the execution, delivery and performance by MMT of this Agreement, each and every agreement contemplated hereby, and the consummation
by MMT of the Transaction.

 

3.15
Material Contracts. MMT is not in default under any Material Contract, nor to the Knowledge of MMT, does any condition
exist that, with notice or lapse of time or both, would constitute a default thereunder. To the Knowledge of MMT, no other party
to any such Material Contract of MMT is in default thereunder, nor does any condition exist that with notice or lapse of time or
both would constitute a default thereunder. No approval or consent of any person is needed in order that the Material Contracts
of MMT shall continue in full force and effect following the consummation of the transactions contemplated by this Agreement.

 

3.16Taxes.

 

(a)Filing
of Tax Returns. MMT has timely filed, or have had timely filed on their behalf, with the appropriate Taxing authorities all
Tax Returns in respect of Taxes required to be filed by them. The Tax Returns filed (including any amendments thereof) are complete
and accurate in all material respects. MMT has not requested any extension of time within which to file any Tax Return in respect
of any Taxes, which Tax Return has not since been filed in a timely manner. To the Knowledge of MMT, no claim has ever been made
by any Taxing authority in a jurisdiction where MMT does not file Tax Returns, or has Tax Returns filed on their behalf, that they
are or may be subject to taxation by that jurisdiction, or liable for Taxes owing to that jurisdiction.

 

(b)Payment of
Taxes. All Taxes owed by MMT (whether or not shown as due on any Tax Returns) have been paid in full or adequate reserves on
their respective books and/or records have been established. MMT has withheld and paid all Taxes required to have been withheld
and paid in connection with amounts paid or owing to any employee, independent contractor, creditor, stockholder, or other third
party. MMT has made all required estimated Tax payments sufficient to avoid any underpayment penalties. The unpaid Taxes of MMT
(A) do not, as of the Closing Date, exceed the reserve for Tax liability (rather than any reserve for deferred Taxes established
to reflect the timing differences between book and Tax income) set forth on the face of MMT’s most recent balance sheets
(rather than any notes thereto) and (B) do not exceed that reserve as adjusted for the passage of time through the Closing Date
in accordance with the past custom and practice of MMT in filing, or having filed on their behalf, their Tax Returns. The charges,
accruals and reserves on the books of MMT in respect of any liability for Taxes (x) based on or measured by net income for any
years not finally determined, (y) with respect to which the applicable statute of limitations has not expired or (z) that has been
previously deferred, are adequate to satisfy any assessment for such Taxes for any such years.

 

 

 

 

    		13	 

     

    

 

(c)Audits, Investigations
or Claims. There is no dispute or claim which has not been resolved concerning any Tax liability of MMT either (A) claimed
or raised by any Taxing authority in writing or (B) as to which any of the directors and officers (and employees responsible for
Tax matters) of MMT has Knowledge. There is no currently pending audit of any Tax Return of MMT by any Taxing authority, and MMT
has not ever been notified in writing that any Taxing authority intends to audit any Tax Return of MMT. MMT has not executed any
outstanding waivers or consents regarding the application of the statute of limitations with respect to any Taxes or Tax Returns.

 

(d)Lien. There
are no encumbrances for Taxes (other than for current Taxes not yet due and payable) on any assets of MMT.

 

(e)Tax
Elections. MMT (i) has not agreed, or are required, to make any adjustment under Section 481(a) of the Code by reason of a
change in accounting method or otherwise; (ii) have not made an election pursuant to Code Sections 338 or 336(e) or the regulations
thereunder or any comparable provisions of any foreign or state or local income tax law; (iii) is not subject to any constructive
elections under Code Section 338 or the regulations thereunder; (iv) has not made any payments, are obligated to make any payments,
or are a party to any agreement that under certain circumstances could obligate it to make any payments that will not be deductible
under §280G and §162(m) of the Code; and (v) has not made any of the foregoing elections or are required to apply any
of the foregoing rules under any comparable state or local income Tax provision.

 

(f)Prior Affiliated
Groups. MMT (A) has never been a member of an affiliated group of corporations within the meaning of Section 1504 of the Code
and (B) does not have any liability for the Taxes of any person under Treas. Reg. §1502-6 (or any similar provision of state,
local or foreign law), as a transferee or successor, by contract or otherwise.

 

(g)Tax Sharing
Agreements. MMT is not a party to any Tax allocation, indemnity or sharing or similar agreement.

 

(h)Section 355.
MMT has not distributed the stock of a “controlled corporation” (within the meaning of that term as used in Section
355(a) of the Code) in a transaction subject to Section 355 of the Code within the past two years.

 

(i)Partnerships.
MMT does not own an interest in a partnership for Tax purposes.

 

3.18Environmental
Matters. (i) MMT is in compliance in all material respects with applicable Environmental Laws; (ii) MMT has all Permits required
pursuant to Environmental Laws and are in compliance in all material respects with the terms thereof; (iii) there are no past or
present events, activities, practices, incidents, actions or plans in connection with the operations of MMT which have given rise
to or are reasonably likely to give rise to any liability on the part of MMT under any Environmental Law; (iv) MMT has not generated,
used, transported, treated, stored, released or disposed of, or has suffered or permitted anyone else to generate, use, transport,
treat, store, release or dispose of any Hazardous Substance in violation of any Environmental Laws; and (v) there has not been
any generation, use, transportation, treatment, storage, release or disposal of any Hazardous Substance in connection with the
conduct of the business of MMT or the use of any property or facility by MMT, or to the Knowledge of MMT, any nearby or adjacent
properties, in each case, which has created or might reasonably be expected to create any material liability under any Environmental
Law or which would require reporting to or notification of any Governmental Body.

 

3.19Real
Property. MMT has not owned any real property or any interest in any real property.

 

3.20Broker’s
Fees. No broker, finder, agent or similar intermediary has acted on behalf of MMT in connection with this Agreement or the
Transaction, and there are no brokerage commissions, finders’ fees or similar fees or commissions payable in connection therewith
based on any agreement, arrangement or understanding with MMT.

 

 

 

 

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3.21Labor
Matters. MMT is not now, and has not been in the last five years, bound by or party to any collective bargaining agreement
and, to the Knowledge of MMT, no application for certification of a collective bargaining agent is pending. MMT is in compliance
with all Applicable Laws applicable to MMT affecting employment practices and terms and conditions of employment.

 

3.22Full
Disclosure. This Agreement (including the information contained in the disclosure schedules) and the Reports, do not (i) with
respect to MMT, contain any representation, warranty or information that is false or misleading with respect to any material fact,
or (ii) with respect to MMT, omit to state any material fact necessary in order to make the representations, warranties and information
contained herein (including the information contained in the disclosure schedules) and the Reports, in the context in which made
or provided, not false or misleading.

 

ARTICLE IV

 

CONDUCT PRIOR TO THE EFFECTIVE TIME

 

4.1Conduct of Business by SN
and MMT. During the period from the date of this Agreement and continuing until the earlier of the termination of this Agreement
pursuant to its terms or the Closing Date (as herein defined), the Shareholders, on behalf of SN, and MMT shall, except to the
extent that the other party shall otherwise consent in writing, carry on its business in the usual, regular and ordinary course
consistent with past practices, in substantially the same manner as heretofore conducted and in compliance with all applicable
laws and regulations (except where noncompliance would not have a Material Adverse Effect), pay its debts and taxes when due subject
to good faith disputes over such debts or taxes, pay or perform other material obligations when due, and use its commercially reasonable
efforts consistent with past practices and policies to (i) preserve substantially intact its present business organization, (ii)
keep available the services of its present managers, officers and employees, and (iii) preserve its relationships with customers,
suppliers, distributors, licensors, licensees, and others with which it has significant business dealings. In addition, except
as permitted or required by the terms of this Agreement, without the prior written consent of the other party, during the period
from the date of this Agreement and continuing until the earlier of the termination of this Agreement pursuant to its terms or
the Closing, SN and MMT shall not do any of the following:

 

(a)Waive any stock repurchase rights,
accelerate, amend or change the period of exercisability of options or restricted stock, or reprice options granted under any employee,
consultant, director or other stock plans or authorize cash payments in exchange for any options granted under any of such plans;

 

(b)Grant any severance or termination
pay to any officer or employee except pursuant to applicable law, written agreements outstanding, or policies existing on the date
hereof and as previously or concurrently disclosed in writing or made available to the other party, or adopt any new severance
plan, or amend or modify or alter in any manner any severance plan, agreement or arrangement existing on the date hereof;

 

(c)Transfer or license to any person
or otherwise extend, amend or modify any material rights to any Intellectual Property of SN or MMT, or enter into grants to transfer
or license to any person future patent rights, other than in the ordinary course of business consistent with past practices provided
that in no event shall SN or MMT license on an exclusive basis or sell any Intellectual Property of SN or MMT, as applicable;

 

(d)Declare, set aside or pay any
dividends on or make any other distributions (whether in cash, stock, equity securities or property) in respect of any capital
stock or split, combine or reclassify any capital stock or issue or authorize the issuance of any other securities in respect of,
in lieu of or in substitution for any capital stock;

 

(e)Purchase, redeem or otherwise
acquire, directly or indirectly, any shares of capital stock or Shareholders interest of SN and MMT, as applicable;

 

 

 

 

    		15	 

     

    

 

(f)Issue, deliver, sell, authorize,
pledge or otherwise encumber, or agree to any of the foregoing with respect to, any shares of capital stock, or any securities
convertible into or exchangeable for shares of capital stock, or subscriptions, rights, warrants or options to acquire any shares
of capital stock or any securities convertible into or exchangeable for shares of capital stock or Shares, or enter into other
agreements or commitments of any character obligating it to issue any such shares of capital stock, shares or convertible or exchangeable
securities;

 

(g)Except as provided herein or
as disclosed to the other party, amend its Charter Documents;

 

(h)Acquire or agree to acquire
by merging or consolidating with, or by purchasing any equity interest in or a portion of the assets of, or by any other manner,
any business or any corporation, partnership, association or other business organization or division thereof, or otherwise acquire
or agree to acquire any assets which are material, individually or in the aggregate, to the business of MMT or SN, as applicable,
or enter into any joint ventures, strategic partnerships or alliances or other arrangements that provide for exclusivity of territory
or otherwise restrict such party's ability to compete or to offer or sell any products or services;

 

(i)Sell, lease, license, encumber
or otherwise dispose of any properties or assets, except sales of inventory in the ordinary course of business consistent with
past practice and, except for the sale, lease or disposition (other than through licensing) of property or assets which are not
material, individually or in the aggregate, to the business of such party;

(j)Incur any indebtedness for borrowed
money in excess of $1,000 in the aggregate, except for indebtedness incurred in connection with the purchase of endoscopy equipment,
or guarantee any such indebtedness of another person, issue or sell any debt securities or options, warrants, calls or other rights
to acquire any debt securities of MMT or SN, as applicable, enter into any "keep well" or other agreement to maintain
any financial statement condition or enter into any arrangement having the economic effect of any of the foregoing;

 

(k)Adopt or amend any employee
benefit plan, policy or arrangement, any employee stock purchase or employee stock option plan, or enter into any employment contract
or collective bargaining agreement (other than offer letters and letter agreements entered into in the ordinary course of business
consistent with past practice with employees who are terminable "at will"), pay any special bonus or special remuneration
to any manager, director or employee, or increase the salaries or wage rates or fringe benefits (including rights to severance
or indemnification) of its managers, directors, officers, employees or consultants, except in the ordinary course of business consistent
with past practices;

 

(l)(i) pay, discharge, settle or
satisfy any claims, liabilities or obligations (absolute, accrued, asserted or unasserted, contingent or otherwise), or litigation
(whether or not commenced prior to the date of this Agreement) other than the payment, discharge, settlement or satisfaction, in
the ordinary course of business consistent with past practices or in accordance with their terms, or liabilities recognized or
disclosed in the most recent financial statements (or the notes thereto) of SN or of MMT, as applicable, or incurred since the
date of such financial statements, or (ii) waive the benefits of, agree to modify in any manner, terminate, release any person
from or knowingly fail to enforce any confidentiality or similar agreement to which SN is a party or of which SN is a beneficiary
or to which MMT is a party or of which MMT is a beneficiary, as applicable;

 

(m)Except in the ordinary course
of business consistent with past practices, modify, amend or terminate any Contract of SN or MMT, as applicable, or other material
contract or material agreement to which SN or MMT is a party or waive, delay the exercise of, release or assign any material rights
or claims thereunder;

 

(n)Except as appropriate to fairly
represent SN’s financial condition or results of operations, revalue any of its assets or adjust its revenue or expenses;

 

 

 

 

    		16	 

     

    

 

(o)Incur or enter into any agreement,
contract or commitment requiring such party to pay in excess of $10,000 in any 12 month period;

 

(p)Settle any litigation for a
total sum of greater than $10,000;

 

(q)Make or rescind any Tax elections
that, individually or in the aggregate, could be reasonably likely to adversely affect in any material respect the Tax liability
or Tax attributes of such party, settle or compromise any material income tax liability or, except as required by applicable law,
materially change any method of accounting for Tax purposes or prepare or file any Return in a manner inconsistent with past practice;

 

(r)Form, establish or acquire any
Subsidiary;

 

(s)Permit any Person to exercise
any of its discretionary rights under any Plan to provide for the automatic acceleration of any outstanding options, the termination
of any outstanding repurchase rights or the termination of any cancellation rights issued pursuant to such plans; or

 

(t)Agree in writing or otherwise
agree, commit or resolve to take any of the actions described in Section 4.1 (a) through (s) above.

 

ARTICLE V

 

ADDITIONAL AGREEMENTS

 

5.1.Compliance with Laws.
The Shareholders, SN and MMT shall cooperate with each other and use their respective reasonable best efforts to take or cause
to be taken all actions, and do or cause to be done all things, necessary, proper or advisable on their part under this Agreement
and applicable laws to consummate the Transaction and the other transactions contemplated hereby as soon as practicable, including
preparing and filing as soon as practicable of all documentation to effect all necessary notices, reports and other filings and
to obtain as soon as practicable all consents, registrations, approvals, permits and authorizations necessary or advisable to be
obtained from any third party and/or any Governmental Entity in order to consummate the Transaction or any of the other transactions
contemplated hereby. Subject to applicable laws relating to the exchange of information and the preservation of any applicable
attorney-client privilege, work-product doctrine, self-audit privilege or other similar privilege, each of the Shareholders and
MMT shall have the right to review and comment on in advance, and to the extent practicable each will consult the other on, all
the information relating to such party, and any Subsidiaries, that appear in any filing made with, or written materials submitted
to, any third party and/or any Governmental Entity in connection with the Transaction and the other transactions contemplated hereby.
In exercising the foregoing right, each of the parties hereto shall act reasonably and as promptly as practicable.

 

5.2Required Information.
The Shareholders, on behalf of SN, and MMT each shall, upon request by the other, furnish the other with all information concerning
themselves, their respective Subsidiaries, managers, directors, officers and Shareholders and such other matters as may be reasonably
necessary or advisable in connection with the Transaction, or any other statement, filing, notice or application made by or on
behalf of SN and MMT to any third party and/or any Governmental Entity in connection with the Transaction and the other transactions
contemplated hereby. Each party warrants and represents to the other party that all such information shall be true and correct
in all material respects and will not contain any untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary to make the statements contained therein, in light of the circumstances under which they were
made, not misleading.

 

 

 

 

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5.3Reasonable Efforts; Notification.

 

(a) Upon the terms and subject
to the conditions set forth in this Agreement, each of the parties agrees to use its commercially reasonable efforts to take, or
cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties in doing, all
things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Transaction
and the other transactions contemplated by this Agreement, including using commercially reasonable efforts to accomplish the following:
(i) the taking of all reasonable acts necessary to cause the conditions precedent set forth in Article VI to be satisfied, (ii)
the obtaining of all necessary actions or non-actions, waivers, consents, approvals, orders and authorizations from Governmental
Entities and the making of all necessary registrations, declarations and filings (including registrations, declarations and filings
with Governmental Entities, if any) and the taking of all reasonable steps as may be necessary to avoid any suit, claim, action,
investigation or proceeding by any Governmental Entity, (iii) the obtaining of all consents, approvals or waivers from third parties
required as a result of the transactions contemplated in this Agreement, (iv) the defending of any suits, claims, actions, investigations
or proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated
hereby, including seeking to have any stay or temporary restraining order entered by any court or other Governmental Entity vacated
or reversed, and (v) the execution or delivery of any additional instruments reasonably necessary to consummate the transactions
contemplated by, and to fully carry out the purposes of, this Agreement. In connection with and without limiting the foregoing,
if any takeover statute or similar statute or regulation is or becomes applicable to the Transaction, this Agreement or any of
the transactions contemplated by this Agreement, the parties hereto shall use commercially reasonable efforts to enable the Transaction
and the other transactions contemplated by this Agreement to be consummated as promptly as practicable on the terms contemplated
by this Agreement. Notwithstanding anything herein to the contrary, nothing in this Agreement shall be deemed to require either
of the parties hereto to agree to any divestiture by itself or any of its affiliates of shares of capital stock, Shareholders interest
or of any business, assets or property, or the imposition of any material limitation on the ability of any of them to conduct their
business or to own or exercise control of such assets, properties and stock.

 

(b)The Shareholders agree to monitor
and amend the Disclosure Schedule through Closing as information becomes available which warrants inclusion in the Disclosure Schedule.

 

(c)MMT shall give prompt notice
to the Shareholders upon becoming aware that any representation or warranty made by it contained in this Agreement has become untrue
or inaccurate, or of any failure of MMT to comply with or satisfy in any material respect any covenant, condition or agreement
to be complied with or satisfied by it under this Agreement, in each case, such that the conditions set forth in Article VI would
not be satisfied; provided, however, that no such notification shall affect the representations, warranties, covenants or agreements
of the parties or the conditions to the obligations of the parties under this Agreement.

 

5.4Business Records. At
Closing, SN shall cause to be delivered to MMT all records and documents relating to SN including, without limitation, books, records,
government filings, Returns, Charter Documents, Corporate Records, Stock Records, consent decrees, orders, and correspondence,
director and stockholder minutes and resolutions, stock ownership records, financial information and records, electronic files
containing any financial information and records, and other documents used in or associated with SN ("Business Records").

 

5.5Employment Agreement.
At Closing MMT and Josh Haupt shall enter into an employment agreement for Josh Haupt to serve as Chief Cultivation Officer of
Medicine Man Consulting, Inc. following the Effective Date. A copy of the Employment Agreement is attached as Exhibit “A”
to this Agreement and incorporated herein as if set forth.

 

 

 

 

    		18	 

     

    

 

ARTICLE VI

 

CONDITIONS TO THE TRANSACTION

 

6.1Conditions to Obligations
of Each Party to Effect the Transaction. The respective obligations of each party to this Agreement to effect the Transaction
shall be subject to the satisfaction at or prior to the Closing Date of the following conditions:

 

(a)No Order. No Governmental
Entity shall have enacted, issued, promulgated, enforced or entered any statute, rule, regulation, executive order, decree, injunction
or other order (whether temporary, preliminary or permanent) which is in effect and which has the effect of making the Transaction
illegal or otherwise prohibiting consummation of the Transaction, substantially on the terms contemplated by this Agreement. All
waiting periods, if any, in any jurisdiction in which SN or MMT has material operations relating to the transactions contemplated
hereby will have expired or terminated early.

 

(b)Failure to Deliver Audit.
SN shall fail to deliver the independent audit of its financial statements discussed above in Section 2.10.

 

6.2Additional Conditions to
Obligations of Shareholders. The obligations of the Shareholders to consummate and effect the Transaction shall be subject
to the satisfaction at or prior to the Closing Date of each of the following conditions, any of which may be waived, in writing,
exclusively by the Shareholders:

 

(a)Representations and Warranties.
Each representation and warranty of MMT contained in this Agreement (i) shall have been true and correct as of the date of this
Agreement and (ii) shall be true and correct on and as of the Closing Date with the same force and effect as if made on the Closing
Date.

 

(b)Agreements and Covenants.
MMT shall have performed or complied in all material respects with all agreements and covenants required by this Agreement to be
performed or complied with by them on or prior to the Closing Date, except to the extent that any failure to perform or comply
(other than a willful failure to perform or comply or failure to perform or comply with an agreement or covenant reasonably within
the control of MMT) does not, or will not, constitute a Material Adverse Effect with respect to MMT taken as a whole.

 

(c)Consents. MMT shall have
obtained all consents, waivers and approvals required in connection with the consummation of the transactions contemplated hereby,
other than consents, waivers and approvals the absence of which, either alone or in the aggregate, could not reasonably be expected
to have a Material Adverse Effect on MMT taken as a whole.

 

(d)Material Adverse Effect.
No Material Adverse Effect with respect to MMT shall have occurred since the date of this Agreement.

 

(e)Other Deliveries. At
Closing, MMT shall have delivered to the Shareholders: (i) certificates representing the MMT Shares of Common Stock to Shareholders
in accordance with Section 1.4, (ii) the Employment Agreement in the form attached as Exhibit “A”, and (iii) such other
documents or certificates as shall reasonably be required by the Shareholders and their counsel in order to consummate the transactions
contemplated hereunder.

 

 

 

 

    		19	 

     

    

 

6.3Additional Conditions to
the Obligations of MMT. The obligations of MMT to consummate and effect the Transaction shall be subject to the satisfaction
at or prior to the Closing Date of each of the following conditions, any of which may be waived, in writing, exclusively by MMT:

 

(a)Representations and Warranties.
Each representation and warranty of the Shareholders contained in this Agreement (i) shall have been true and correct as of the
date of this Agreement and (ii) shall be true and correct on and as of the Effective Date with the same force and effect as if
made on and as of the Closing.

 

(b)Agreements and Covenants.
The Shareholders shall have performed or complied in all material respects with all agreements and covenants required by this Agreement
to be performed or complied with by them at or prior to the Closing Date except to the extent that any failure to perform or comply
(other than a willful failure to perform or comply or failure to perform or comply with an agreement or covenant reasonably within
the control of Shareholders) does not, or will not, constitute a Material Adverse Effect on SN.

 

(c)Consents. SN shall have
obtained all consents, waivers and approvals required in connection with the consummation of the transactions contemplated hereby,
other than consents, waivers and approvals the absence of which, either alone or in the aggregate, could not reasonably be expected
to have a Material Adverse Effect on SN.

 

(d)Material Adverse Effect.
No Material Adverse Effect with respect to SN shall have occurred since the date of this Agreement.

 

(e)Other Deliveries. At
Closing, the Shareholders shall have delivered to MMT: (i) certificates representing the Shares owned by the Shareholders, together
with stock powers or other assignments or documents to effectuate transfer of the SN Shares in accordance with Section 1.3; (ii)
evidence of properly conducted meetings or legally authorized consents of SN’s Shareholders and Directors authorizing the
matters referenced herein, including the approval of the share exchange herein; and (iii) such other documents or certificates
as shall reasonably be required by MMT and its counsel in order to consummate the transactions contemplated hereunder.

 

6.4Additional Conditions to
the Obligations of SN and Shareholders. The obligations of SN and Shareholders to consummate and effect the Transaction shall
be subject to the satisfaction at or prior to the Effective Date of each of the following conditions, any of which may be waived,
in writing, exclusively by SN and Shareholders:

 

(a)Representations and Warranties.
Each representation and warranty of MMT contained in this Agreement (i) shall have been true and correct as of the date of this
Agreement and (ii) shall be true and correct on and as of the Effective Date with the same force and effect as if made on and as
of the Closing.

 

(b)Agreements and Covenants.
MMT shall have performed or complied in all material respects with all agreements and covenants required by this Agreement to be
performed or complied with by them at or prior to the Effective Date except to the extent that any failure to perform or comply
(other than a willful failure to perform or comply or failure to perform or comply with an agreement or covenant reasonably within
the control of MMT) does not, or will not, constitute a Material Adverse Effect on MMT.

 

(c)Consents. MMT shall have
obtained all consents, waivers and approvals required in connection with the consummation of the transactions contemplated hereby,
other than consents, waivers and approvals the absence of which, either alone or in the aggregate, could not reasonably be expected
to have a Material Adverse Effect on MMT.

 

 

 

    		20	 

     

    

 

(d)Material Adverse Effect.
No Material Adverse Effect with respect to MMT shall have occurred since the date of this Agreement.

 

(e)Other Deliveries. At
Closing, MMT shall have delivered to SN and the Shareholders: (i) the stock certificates for the MMT Shares (ii) such other documents
or certificates as shall reasonably be required by SN and its counsel in order to consummate the transactions contemplated hereunder.

 

6.5Shareholders’ Indemnification
Obligation with Respect to Representations. The Shareholders hereby indemnify and hold harmless, and agree to indemnify
and hold harmless (from and after the Closing) MMT and its respective directors, officers, Shareholders, employees and agents (collectively,
the "MMT Indemnified Parties") against (i) any and all liabilities, obligations, losses, damages, claims, actions,
Liens and deficiencies which exist, or which may be imposed on, incurred by or asserted against any one or more of
the MMT Indemnified Parties based upon, resulting from or arising out of, or as to which there was, any breach or inaccuracy
of any representation or warranty contained in Article II of this Agreement by the Shareholders which is not set forth on
the Disclosure Schedule, or any statement, agreement or covenant made by the Shareholders in or pursuant to this Agreement,
any Exhibit or Schedule hereto or thereto, or any certificate or document delivered by such Shareholders at the Closing,
and (ii) any cost or expense (including reasonable attorneys' fees and court costs) incurred by the MMT Indemnified Parties
or any of them in connection with the foregoing (including, without limitation, any cost or expense incurred by the MMT
Indemnified Parties in enforcing their rights pursuant to this Section 6.5) (collectively, the "Damages"
for purposes of this Section 6.5).

 

An MMT Indemnified Party may apply
all demands or claims for indemnification under this Article against any payment to be made by or on behalf of such MMT Indemnified
Party or any of its Affiliates to or for the account of the Shareholders by means of set-off, reduction or otherwise. No MMT Indemnified
Party shall be required to make any claim or demand against any other Person prior to the making of any claim or demand for indemnification
or at any other time. The rights of the MMT Indemnified Parties under this Section 6.5 are in addition to such other rights and
remedies which they may have under this Agreement or otherwise. The amount of any and all Damages suffered by MMT Indemnified Parties
under this Section 6.5 shall be recovered, and all claims of MMT Indemnified Parties pursuant to this Section 6.5 shall be brought
by MMT on behalf of such MMT Indemnified Parties.

 

Notwithstanding any other provision
of this Agreement, no demand or claim for indemnification under this Section 6.5 may be made (i) after the date six (6) months
following the Closing Date, or (ii) if such claim or demand is covered by existing MMT or SN business insurance policy(ies).

 

For purposes of this Agreement,
(1) the term "Misrepresentation Claim" means a claim or demand for indemnification based upon, resulting from or arising
out of any material breach or inaccuracy of a warranty or representation and such material breach or inaccuracy was the direct
and primary cause of the Damages for which indemnification is sought; and (2) the term "Knowledge" means in respect of
any Misrepresentation Claim, as of the Closing Date or at any time prior thereto, (a) actual knowledge by one of the Shareholders
of the material breach or inaccuracy upon which such Misrepresentation Claim is based or (b) actual knowledge of facts which would
cause a reasonable person, having knowledge and a full understanding of the terms of this Agreement, to be aware of or recognize
the material breach or inaccuracy upon which the Misrepresentation Claim is based.

 

 

 

 

    		21	 

     

    

 

6.6Indemnification Obligation
with Respect to MMT Representations. MMT hereby indemnifies and hold harmless, and agree to indemnify and hold harmless, the
Shareholders, and their respective heirs, representatives and agents (collectively, the “Shareholders Indemnified Parties”)
from and after the Closing, against (i) any and all liabilities, obligations (including Guaranty Obligations, as defined below),
losses, damages, claims, actions, Liens and deficiencies which exist, or which may be imposed on, incurred by or asserted against
any one or more of the Shareholders Indemnified Parties, based upon, resulting from or arising out of, or as to which there was,
any breach or inaccuracy of any representation or warranty by MMT contained in this Agreement, or any agreement or covenant made
by MMT in or pursuant to this Agreement, or in any Exhibit or Schedule hereto or thereto, or any certificate or document delivered
by MMT at the Closing hereof, whether caused by the actions or inactions MMT following Closing), and (ii) any cost or expense (including
reasonable attorneys' fees and court costs) incurred by the Shareholders Indemnified Parties in connection with the foregoing (including,
without limitation, any cost or expense incurred by the Shareholders Indemnified Parties in enforcing his rights pursuant to this
Section 6.6) (collectively, the "Damages").

 

MMT’s indemnification
obligation set forth in this Section 6.6 extends to any personal guaranty of any SN obligation by either of the Shareholders (“Guaranty
Obligations”). As such, MMT shall (i) pay off the Wells Fargo LOC at Closing, and (ii) make reasonable efforts to remove
the Shareholders as personal guarantor(s) of any SN obligations. Furthermore, in the event that any assets of either Shareholder
are posted as security for any SN obligation, MMT shall also make reasonable efforts to pay off such obligation or shall post its
own assets to replace those posted by Shareholders.

 

The Shareholders Indemnified Parties
shall not be required to make any claim or demand against any other Person prior to the making of any claim or demand for indemnification
or at any other time. The rights of the Shareholders Indemnified Parties under this Section 6.6 are in addition to such other rights
and remedies which they may have under this Agreement or otherwise.

 

Notwithstanding any other provision
of this Agreement, except for any Misrepresentation Claim with respect to which MMT had Knowledge, no demand or claim for indemnification
under this Section 6.6 may be made after six (6) months following the Closing Date. No demand or claim for indemnification under
this Section 6.6 for any Misrepresentation Claim may be made after the first anniversary of the Closing Date if MMT had Knowledge
with respect to such Misrepresentation Claim.

 

6.7Procedure for Indemnification
Claims.

 

(a)The MMT Indemnified Parties
and the Shareholders Indemnified Parties are referred to collectively herein as "Indemnified Parties", and the Persons
from whom indemnification is sought pursuant to this Article VI are referred to herein as "Indemnifying Parties."

 

(b)If at any time an Indemnified
Party determines to assert a right to indemnification hereunder, the Indemnified Party shall give to the Indemnifying Party written
notice describing the matter for which indemnification is sought in reasonable detail. In the event that a demand or claim for
indemnification is made hereunder with respect to a matter the amount or extent of which is not yet known or certain, the notice
of demand for indemnification shall so state, and, where practicable, shall include an estimate of the amount of the matter. The
failure of an Indemnified Party to give notice of any matter to the Indemnifying Party shall not relieve the Indemnifying Party
of any liability that the Indemnifying Party may have to any Indemnified Party.

 

 

 

 

    		22	 

     

    

 

(c)Within 15 days after receipt
of the notice referred to in clause (b) above, the Indemnifying Party from whom indemnification is sought shall (i) if true, acknowledge
in writing his responsibility for all or part of such matter, and shall pay or otherwise satisfy the portion of such matter as
to which responsibility is acknowledged or take such other action as is reasonably satisfactory to the Indemnified Party to resolve
any such matter that involves anyone not a party hereto, or (ii) give written notice to the Indemnified Party of his intention
to dispute or contest all or part of such responsibility. Upon delivery of such notice of intention to contest, the parties shall
negotiate in good faith to resolve as promptly as possible any dispute as to responsibility for, or the amount of, any such matter.
Failure to respond to a notice claiming indemnification shall be deemed a denial of responsibility therefore.

 

(d)In the event that the Indemnified
Party is required to expend any amount in enforcing his, her or its rights of indemnification hereunder, the Indemnifying Parties
will, jointly and severally, promptly upon request, pay such amounts to the Indemnified Party if indemnification is required to
be made hereunder.

 

(e)Each Indemnifying Party shall
have the right to employ separate counsel in any action or claim which is brought against any Indemnified Party in respect of which
indemnity may be sought from it, and to participate in the defense of such action or claim, if such Indemnifying Party confirms
in writing its responsibility for such action or claim; provided, however, that (i) the Indemnified Party or Parties shall retain
control of such action or claim and (ii) the fees and expenses of such separate counsel shall be at the expense of the Indemnifying
Party.

 

ARTICLE VII

 

TERMINATION, AMENDMENT AND WAIVER

 

7.1Termination. This Agreement
may be terminated at any time prior to the Closing:

 

(a)by mutual written agreement
of MMT and the Shareholders;

 

(b)by either MMT or the Shareholders
if the Transaction shall not have been consummated by ________________, 2017 (“Closing Deadline”) for any reason;

 

(c)by either MMT or the Shareholders
if a Governmental Entity shall have issued an order, decree or ruling or taken any other action, in any case having the effect
of permanently restraining, enjoining or otherwise prohibiting the Transaction, which order, decree, ruling or other action is
final and nonappealable;

 

(d)by the Shareholders, upon a
material breach of any representation, warranty, covenant or agreement on the part of MMT set forth in this Agreement, or if any
representation or warranty of MMT shall have become materially untrue, in either case such that the conditions set forth in Section
6.2(a) or Section 6.2(b) would not be satisfied as of the time of such breach or as of the time such representation or warranty
shall have become untrue, provided, that if such inaccuracy in MMT's representations and warranties or breach by MMT is curable
by MMT prior to the Closing Date, then the Shareholders may not terminate this Agreement under this Section 7.1(d) for thirty (30)
days after delivery of written notice from Shareholders to MMT of such breach, provided MMT continues to exercise commercially
reasonable efforts to cure such breach (it being understood that Shareholders may not terminate this Agreement pursuant to this
Section 7.1(d) if they shall have also materially breached this Agreement or if such breach by MMT is cured during such thirty
(30)-day period); or

 

 

 

 

    		23	 

     

    

 

(e)by MMT, upon a material breach
of any representation, warranty, covenant or agreement on the part of the Shareholders set forth in this Agreement, or if any representation
or warranty of the Shareholders shall have become materially untrue, in either case such that the conditions set forth in Section
6.3(a) or Section 6.3(b) would not be satisfied as of the time of such breach or as of the time such representation or warranty
shall have become untrue, provided, that if such inaccuracy in the Shareholders' representations and warranties or breach by the
Shareholders is curable by the Shareholders prior to the Closing Date, then MMT may not terminate this Agreement under this Section
7.1(e) for thirty (30) days after delivery of written notice from MMT to the Shareholders of such breach, provided the Shareholders
continue to exercise commercially reasonable efforts to cure such breach (it being understood that MMT may not terminate this Agreement
pursuant to this Section 7.1(e) if it shall have materially breached this Agreement or if such breach by the Shareholders is cured
during such thirty (30)-day period).

 

(f)by MMT, in its sole and absolute
discretion, if following the Effective Date, the net assets or the annual revenue of SN as included in the independent audit of
SN to be provided within seventy (70) days from the Effective Date, deviate by more than ten percent (10%) from the unaudited financial
information provided by SN pursuant to Section 2.10 herein.

 

7.2Notice of Termination; Effect
of Termination. Any termination of this Agreement under Section 7.1 above will be effective immediately upon (or, if the termination
is pursuant to Section 7.1(d) or Section 7.1(e) and the proviso therein is applicable, thirty (30) days after the party in breach
fails to cure the breach) the delivery of written notice of the terminating party to the other parties hereto. In the event of
the termination of this Agreement as provided in Section 7.1, this Agreement shall be of no further force or effect and the Transaction
shall be abandoned, except (i) as set forth in this Section 7.2, Section 7.3 and Article VIII (General Provisions), each of which
shall survive the termination of this Agreement, and (ii) nothing herein shall relieve any party from liability for any intentional
or willful breach of this Agreement.

 

7.3Fees and Expenses. All
fees and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party
incurring such expenses whether or not the Transaction is consummated.

 

7.4Amendment. This Agreement
may be amended by the parties hereto at any time by execution of an instrument in writing signed on behalf of each of MMT, SN and
the Shareholders.

 

7.5Extension; Waiver. At
any time prior to the Closing, any party hereto may, to the extent legally allowed, (i) extend the time for the performance of
any of the obligations or other acts of the other parties hereto, (ii) waive any inaccuracies in the representations and warranties
made to such party contained herein or in any document delivered pursuant hereto, and (iii) waive compliance with any of the agreements
or conditions for the benefit of such party contained herein. Any agreement on the part of a party hereto to any such extension
or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party. Delay in exercising any
right under this Agreement shall not constitute a waiver of such right.

 

ARTICLE VIII

 

GENERAL PROVISIONS

 

8.1Notices. All notices
and other communications hereunder shall be in writing and shall be deemed given if delivered personally or by commercial delivery
service, or sent via telecopy (receipt confirmed) to the parties at the addresses indicated above, or such other address as a party
may so designate in the future, in writing.

 

 

 

    		24	 

     

    

 

8.2Interpretation.

 

(a)When a reference is made in
this Agreement to Exhibits, such reference shall be to an Exhibit to this Agreement unless otherwise indicated. When a reference
is made in this Agreement to Sections, such reference shall be to a Section of this Agreement. Unless otherwise indicated the words
"include," "includes" and "including" when used herein shall be deemed in each case to be followed
by the words "without limitation." The headings contained in this Agreement are for reference purposes only and shall
not affect in any way the meaning or interpretation of this Agreement.

 

(b)For purposes of this Agreement,
the term "Material Adverse Effect" when used in connection with an entity means any change, event, violation, inaccuracy,
circumstance or effect, individually or when aggregated with other changes, events, violations, inaccuracies, circumstances or
effects, that is materially adverse to the business, assets (including intangible assets), revenues, financial condition or results
of operations of such entity, if any, taken as a whole, it being understood that neither of the following alone or in combination
shall be deemed, in and of itself, to constitute a Material Adverse Effect: (a) changes attributable to the public announcement
or pendency of the transactions contemplated hereby, (b) changes in general national or regional economic conditions, or (c) changes
affecting the industry generally in which SN or MMT operate.

 

(c)For purposes of this Agreement,
the term "Person" shall mean any individual, corporation (including any non-profit corporation), general partnership,
limited partnership, limited liability partnership, joint venture, estate, trust, company (including any limited liability company
or joint stock company), firm or other enterprise, association, organization, entity or Governmental Entity.

 

8.3Counterparts Facsimile Execution.
For purposes of this Agreement, a document (or signature page thereto) signed and transmitted electronically or by facsimile machine
or telecopier is to be treated as an original document. The signature of any party thereon, for purposes hereof, is to be considered
as an original signature, and the document transmitted is to be considered to have the same binding effect as an original signature
on an original document. At the request of any party, an electronic, facsimile or telecopy document is to be re-executed in original
form by the parties who executed the facsimile or telecopy document. No party may raise the use of a computer, facsimile machine
or telecopier machine as a defense to the enforcement of the Agreement or any amendment or other document executed in compliance
with this Section. 

 

8.4Entire Agreement; Third Party
Beneficiaries. This Agreement and the documents and instruments and other agreements among the parties hereto as contemplated
by or referred to herein, including the Schedules hereto constitute the entire agreement among the parties with respect to the
subject matter hereof and supersede all prior agreements and understandings, both written and oral, among the parties with respect
to the subject matter hereof.

 

8.5Severability. In the
event that any provision of this Agreement, or the application thereof, becomes or is declared by a court of competent jurisdiction
to be illegal, void or unenforceable, the remainder of this Agreement will continue in full force and effect and the application
of such provision to other persons or circumstances will be interpreted so as reasonably to effect the intent of the parties hereto.
The parties further agree to replace such void or unenforceable provision of this Agreement with a valid and enforceable provision
that will achieve, to the extent possible, the economic, business and other purposes of such void or unenforceable provision.

 

8.6Survival. All representations,
warranties, agreements and covenants contained in or made pursuant to this Agreement, or any Exhibit or Schedule hereto or thereto
or any certificate delivered at the Closing, shall survive (and not be affected by) the Closing, but all claims made by virtue
of such representations, warranties, agreements and covenants shall be made under, and subject to the limitations set forth in
this Article VIII.

 

 

 

 

    		25	 

     

    

 

8.7Other Remedies; Specific
Performance. Except as otherwise provided herein, any and all remedies herein expressly conferred upon a party will be deemed
cumulative with and not exclusive of any other remedy conferred hereby, or by law or equity upon such party, and the exercise by
a party of any one remedy will not preclude the exercise of any other remedy. The parties hereto agree that irreparable damage
would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms
or were otherwise breached. It is accordingly agreed that the parties shall be entitled to seek an injunction or injunctions to
prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any court of the United States
or any state having jurisdiction, this being in addition to any other remedy to which they are entitled at law or in equity.

 

8.8Governing Law. This Agreement
shall be governed by and construed in accordance with the laws of the State of Colorado, regardless of the laws that might otherwise
govern under applicable principles of conflicts of law thereof.

 

8.9Rules of Construction.
The parties hereto agree that they have been represented by counsel during the negotiation and execution of this Agreement and,
therefore, waive the application of any law, regulation, holding or rule of construction providing that ambiguities in an agreement
or other document will be construed against the party drafting such agreement or document.

 

8.10Assignment. No party
may assign either this Agreement or any of his, her or its rights, interests, or obligations hereunder without the prior written
approval of the other parties. Subject to the first sentence of this Section 8.10, this Agreement shall be binding upon and shall
inure to the benefit of the parties hereto and their respective heirs, successors and permitted assigns.

 

8.11Attorneys Fees. The
prevailing party in any litigation, arbitration, insolvency or other proceeding (“Proceeding”) relating to the enforcement
or interpretation of this Agreement may recover from the unsuccessful party all costs, expenses, and attorney’s fees (including
expert witness and other consultants’ fees and costs) relating to or arising out of (a) the Proceeding (whether or not the
Proceeding proceeds to judgment), and (b) any post-judgment or post-award proceeding including, without limitation, one to enforce
or collect any judgment or award resulting from the Proceeding. All such judgments and awards shall contain a specific provision
for the recovery of all such subsequently incurred costs, expenses, and attorney’s fees.

 

 

 

 

 

 

 

 

 

(Balance of page intentionally left
blank – signature page follows.)

 

 

    		26	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be executed as of the date first written above.

 

MEDICINE MAN TECHNOLOGIES INC.

 

By: s/ Andrew Williams

Andrew Williams, President

 

 

SUCCESS NUTRIENTS, INC.

 

By: s/ Joshua Haupt

Joshua Haupt, President

 

 

SHAREHOLDERS:

 

s/ Nicholas F. Costello

Nicholas F. Costello

 

s/ Angelo Harris

Angelo Harris

 

s/ Terence A. Fitch

Terence A. Fitch

 

s/ Gregory S. Schneider

Gregory S. Schneider

 

s/ Michael J. Walsh

Michael J. Walsh

 

s/ Brent D. Emerson

Brent D. Emerson

 

s/ Gregory E. Gluckman

Gregory E. Gluckman

 

s/ Maxwell J. Statler

Maxwell J. Statler

 

s/ Jorge M. Vivanco

Jorge M. Vivanco

 

 

 

    		27	 

     

    

 

s/ Brian T. Herrmann

Brian T. Herrmann

 

s/ Paul E. Dowell 

Paul E. Dowell

 

s/ Christopher E.
Freiboth 

Christopher E. Freiboth

 

s/ Brenda Billings

Brenda Billings

 

s/ Paula
D. Upton

Paula D. Upton

 

s/ Christopher
J. Lynch

Christopher
J. Lynch

 

s/ Micah
L. Mitchell

Micah L. Mitchell

 

s/ Adam
A. Delorme

Adam A. Delorme

 

s/ Sean
E. McMechen 

Sean E. McMechen

 

s/ Cole
R. Marone

Cole R. Marone

 

s/ Scott
A. Rickard

Scott A. Rickard

 

 

 

 

 

 

 

    		28Exhibit 10.5

 

MERGER AGREEMENT

 

BY AND AMONG 

 

MEDICINE MAN TECHNOLOGIES,
INC.,

 

MEDICINE MAN CONSULTING
INC.

 

and

PONO PUBLICATIONS LTD.

 

 

 

AGREEMENT AND PLAN OF MERGER
(“Agreement”) entered into and effective as of February __, 2017 by and among MEDICINE MAN TECHNOLOGIES, INC.,
a Nevada corporation (“MMT”), MEDICINE MAN CONSULTING INC., a Colorado corporation (the “Merger Sub”)
(MMT and the Merger Sub hereinafter jointly referred to as the “MMT Companies”) and PONO PUBLICATIONS LTD.,
a Colorado corporation (the “Company”) (MMT, the Merger Sub and the Company hereinafter jointly referred to
as the “Parties”).

 

WHEREAS, the Parties
hereto desire to cause the Company to merge with and into the Merger Sub, a wholly-owned subsidiary of MMT, with the Merger Sub
as the surviving corporation in such merger (the “Merger”) upon the terms and subject to the conditions of this
Agreement and in accordance with the Colorado Business Corporation Act (the “CBCA”);

 

WHEREAS, the Board
of Directors of the Company has (a) determined that the Merger is advisable and is fair to and in the best interests of the
holders of its common stock, no par value per share (the “Company Common Stock”), and (b) approved this
Agreement, the Merger and the transactions contemplated hereby and thereby, and recommended that the holders of the Company Common
Stock adopt this Agreement and approve the Merger;

 

WHEREAS, the Board
of Directors of MMT has (a) determined that the Merger is advisable and is fair to and in the best interests of the holders
of its common stock, par value $.001 per share; (b) approved this Agreement, the Merger and the transactions contemplated
hereby and thereby, and recommended that the holders of a majority of the MMT issued and outstanding Common Stock adopt this Agreement
and approve the Merger; and (iii) as the sole stockholder of the Merger Sub, has determined that the Merger is advisable and in
the best interests of Merger Sub and has adopted this Agreement and approved the Merger and the transactions contemplated hereby
and thereby;

 

WHEREAS, holders
of a majority of both the Company’s issued and outstanding securities and MMT’s issued and outstanding securities have
agreed to the terms and condition contained herein and have voted their respective securities in favor of the adoption of this
Agreement and the approval of the Merger;

 

 

 

    	 	1	 

     

    

 

WHEREAS, the Parties
hereto desire to make certain representations, warranties, covenants and agreements in respect of the Merger and to prescribe various
conditions thereto, all as hereinafter set forth; and

 

WHEREAS, it is the
intention of the Parties that, for United States federal income tax purposes, (i) the Merger shall constitute a “tax-free
reorganization” within the meaning of Section 368 of the Internal Revenue Code of 1986, as amended (the “Code”),
and (ii) this Agreement shall constitute a “plan of reorganization” for purposes of Sections 354 and 361 of the Code.

 

NOW, THEREFORE,
in consideration of the premises and the mutual representations, warranties, covenants and agreements contained herein, the Parties
hereto, intending to be legally bound, hereby agree as follows:

 

ARTICLE I

THE MERGER

 

SECTION 1.01 The Merger

 

Upon the terms and subject
to the conditions set forth herein and in accordance with the CBCA, at the Effective Time, the Company shall be merged with and
into the Merger Sub , whereupon the separate corporate existence of the Company shall cease and the Merger Sub shall continue as
the surviving corporation (the “Surviving Corporation”).

 

SECTION 1.02 Effective
Time; Closing

 

As promptly as practicable
following the execution of this Agreement, immediately after the satisfaction of the condition set forth in Article V and
herein, the Parties hereto shall cause the Merger to be consummated by filing a statement of merger (the “Statement of
Merger”) with the Secretary of State of the State of Colorado, in such form as is required by and executed in accordance
with the CBCA (the “Effective Time”). Immediately prior to the filing of the Statement of Merger, a closing
will be held at the offices of Andrew I. Telsey, P.C., 12835 E Arapahoe Road, Tower 1 #803, Centennial, CO 80112 (the “Closing”),
or such other place, date and time as the Parties mutually may agree.

 

SECTION 1.03 Effect
of the Merger

 

From and after the Effective
Time, all the property, rights, privileges, powers and franchises of the Company and Merger Sub shall vest in the Surviving Corporation,
and all debts, liabilities, obligations, restrictions, disabilities and duties of each of the Company and Merger Sub shall become
the debts, liabilities, obligations, restrictions, disabilities and duties of the Surviving Corporation.

 

SECTION 1.04 Certificate
of Incorporation; By-Laws.

 

(a)       At
or prior to the Effective Time, the articles of incorporation of the Surviving Corporation shall be the articles of incorporation
of the Surviving Corporation until thereafter changed or amended as provided therein or by the CBCA.

 

 

 

    	 	2	 

     

    

 

(b)       At
or prior to the Effective Time, the by-laws of the Surviving Corporation shall be the by-laws of the Surviving Corporation until
thereafter changed or amended as provided therein or by the CBCA.

 

SECTION 1.05 Directors

 

At the Effective Time,
Charles Haupt shall be appointed to the Board of Directors of both MMT and the MMT Sub. All other officers and directors of both
MMT and the MMT Sub shall remain in place.

 

SECTION 1.06 Tax Consequences

 

The Parties intend that,
for United States federal income tax purposes, (a) the Merger shall constitute a tax-free reorganization within the meaning of
Section 368 of the Code, and MMT, Merger Sub and the Company each shall be a party within the meaning of Section 368(b) of the
Code to such reorganization, (b) this Agreement shall constitute a “plan of reorganization” for purposes of Sections
354 and 361 of the Code, and (c) the MMT Merger Stock shall be treated as a “common stock” under Section 305 of the
Code.

 

ARTICLE II

MERGER OF PONO INTO
MMC; CONVERSION OF SECURITIES 

 

SECTION 2.01 Merger.

 

(a)       At
the Effective Time the Company shall be merged with and into Merger Sub, which shall be the Surviving Corporation and the Company
shall cease to then exist. By virtue of the Merger and without any action on the part of the holder of any shares of Company Stock,
MMT or Merger Sub all shares of Company Common Stock which are issued and outstanding immediately prior to the Effective
Time, shall collectively be converted into an aggregate of Three Million Five Hundred Thousand Shares of MMT Common Stock, $.001
par value per share (the “MMT Merger Stock”) on a 35:1 basis equal to such aggregate number of shares of Company
Common Stock.

 

 

 

    	 	3	 

     

    

 

(b)       At
the Effective Time, each share of Company Stock no longer shall be deemed outstanding and automatically shall be canceled and retired
and shall cease to exist, and each holder of a certificate representing any such shares of Company Stock shall cease to have any
rights with respect thereto.

 

(c)       At
the Effective Time all of the assets and liabilities of the Company shall be assigned by MMT to the Merger Sub.

 

SECTION 2.02 Issuance
of Certificates.

 

(a)       Certificates.
As soon as reasonably practicable after the Effective Time, MMT shall mail to each holder of record a certificate or certificates
(the “Certificates”) that immediately prior to the Effective Time evidenced outstanding shares of Company Stock
which were converted into the right to receive such holder’s ratable portion of the MMT Merger Stock instructions for use
in effecting the surrender of the Certificates in exchange for such holder’s ratable portion of the MMT Merger Stock. Upon
surrender of a Certificate for cancellation to MMT or to other agent or agents as may be appointed by MMT, together with such letter
of transmittal, duly executed, and such other documents as reasonably may be required by MMT, the holder of such Certificate shall
be entitled to receive in exchange therefore the ratable portion of the MMT Merger Stock into which the shares of Company Stock
theretofore evidenced by such Certificate shall have been converted pursuant to this Agreement, and the Certificate so surrendered
forthwith shall be canceled. In the event of a transfer of ownership of Company Stock that is not registered in the transfer records
of the Company, delivery may be made to a Person other than the Person in whose name the Certificate so surrendered is registered,
if such Certificate shall be properly endorsed or otherwise be in proper form for transfer and the Person requesting such delivery
shall pay all transfer and other Taxes required by reason of the payment to a Person other than the registered holder of such Certificate
or establish to the satisfaction of MMT that such Tax has been paid or is not applicable. Until surrendered as contemplated by
this Section 2.02, each Certificate shall be deemed at any time after the Effective Time to represent only the right to
receive upon such surrender the ratable portion of the MMT Merger Stock into which the shares of Company Stock theretofore evidenced
by such Certificate shall have been converted pursuant to Section 2.01. No interest shall be paid or accrue on any MMT Merger
Stock payable upon surrender of any Certificate.

 

(b)       Lost
Certificates. If any Certificate shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact
by the Person claiming such Certificate to be lost, stolen or destroyed and, if required by MMT, the posting by such Person of
an indemnity bond, in such reasonable amount as the Surviving Corporation may direct, as collateral security against any claim
that may be made against it with respect to such Certificate, MMT shall issue in exchange for such lost, stolen or destroyed Certificate
the applicable number of shares of MMT Merger Stock.

 

(c)       Further
Assurances. If, at any time after the Effective Time, the Surviving Corporation shall consider or be advised that any deeds,
bills of sale, assignments, assurances or any other actions or things are necessary or desirable to vest, perfect or confirm of
record or otherwise in the Surviving Corporation its right, title or interest in, to or under any of the rights, properties or
assets of either of the Merger Sub or the Company acquired or to be acquired by the Surviving Corporation as a result of, or in
connection with, the Merger or otherwise to carry out this Agreement, the officers of the Surviving Corporation shall be authorized
to execute and deliver, in the name and on behalf of each of the Merger Sub and the Company or otherwise, all such deeds, bills
of sale, assignments and assurances and to take and do, in such names and on such behalves or otherwise, all such other actions
and things as may be necessary or desirable to vest, perfect or confirm any and all right, title and interest in, to and under
such rights, properties or assets in the Surviving Corporation or otherwise to carry out the purposes of this Agreement.

 

SECTION 2.03 Stock
Transfer Books

 

At the Effective Time,
the stock transfer books of the Company shall be closed and there shall be no further registration of transfers of shares of Company
Common Stock thereafter on the records of the Company. From and after the Effective Time, the holders of Certificates shall cease
to have any rights with respect to such shares of Company Stock, except as otherwise provided herein or by law. At or after the
Effective Time, any Certificates presented to the Surviving Corporation or MMT, for any reason shall represent only the right to
receive the applicable MMT Merger Stock, without any interest thereon.

 

 

 

    	 	4	 

     

    

 

 

ARTICLE III

REPRESENTATIONS, WARRANTIES
AND

COVENANTS OF THE MMT COMPANIES

 

As an inducement to, and
to obtain the reliance of the Company, the MMT Companies hereby represents, warrants and covenants as follows:

 

SECTION
3.01 Organization

 

MMT is a corporation duly
organized, validly existing, and in good standing under the laws of the State of Nevada. The Merger Sub is a corporation duly organized,
validly existing, and in good standing under the laws of the State of Colorado. The MMT Companies have the corporate power and
are duly authorized, qualified, franchised, and licensed under all applicable laws, regulations, ordinances, and orders of public
authorities to own all of their properties and assets and to carry on their business as it is now being conducted, including qualification
to do business as a foreign corporation in any states in which the character and location of the assets owned by it or the nature
of the business transacted by it requires qualification, except where such failure would not have a material adverse effect on
business or financial condition of either of the MMT Companies.

 

SECTION 3.02 Capitalization and Ownership.

 

(a)       MMT
Capitalization. As of the date hereof, the authorized capitalization of MMT consists of 90,000,000 shares of Common Stock,
par value $.001 per share, of which 10,470,944 shares are currently issued and outstanding. All of the issued and outstanding shares
of MMT Common Stock are validly issued, fully paid, and non-assessable. There are 521,429 shares of MMT Common Stock reserved
for issuance underlying conversion of outstanding convertible securities. The MMT Common Stock is not owned or held in violation
of any preemptive right of any other person or entity. There is no commitment, plan, subscription rights, or arrangement to issue,
no preemptive right to acquire, and no outstanding option, warrant, or other right calling for the issuance of, any shares of MMT
Common Stock.

 

(b)       Assumption
of Liabilities. Effective as of the Effective Time, the Merger Sub will absolutely, unconditionally and irrevocably assume
all obligations and liabilities of the Company that exist prior to the Closing, whether vested or contingent, accrued or unaccrued,
liquidated or unliquidated, arising out of contract, tort, statute, common law or otherwise.

 

SECTION 3.03 Subsidiaries

 

On the Effective Date MMT
shall have two wholly owned subsidiaries, Success Nutrients, Inc. and the Merger Sub. MMT does not have any other subsidiaries
and does not own, beneficially or of record, any shares of any other corporation.

 

 

 

    	 	5	 

     

    

 

SECTION 3.04 Financial Condition

 

MMT has delivered to the
Company MMT’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015 (“Form 10-K”) and
its Quarterly Reports on Form 10-Q for the periods ended March 31, 2016, June 30, 2016 and September 30, 2016 (in the aggregate,
the “Form 10-Qs”). Each of the Form 10-K and Form 10-Qs presents fairly and accurately the information contained
therein and does not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein
or necessary to make the statements therein not misleading; each such statement of income and statement of retained earnings presents
fairly and accurately the results of operations of MMT for the period indicated; and each such statement of changes in financial
position presents fairly and accurately the information purported to be shown therein. The financial statements (including the
notes thereto) referred to in this Section 3.04 have been prepared in accordance with United States generally accepted accounting
principles (“GAAP”) consistently applied throughout the periods involved are in compliance with all applicable
rules and regulations promulgated by the Securities and Exchange Commission (the “SEC”), are correct and complete
and are in accordance with the books and records of MMT.

 

SECTION 3.05 Reports.

 

MMT has filed all forms,
reports and documents with the SEC required to be filed by it pursuant to the federal securities laws and SEC rules and regulations
thereunder, and all such forms, reports and documents, as amended, filed with the SEC have complied with all applicable requirements
of the federal securities laws and the SEC rules and regulations promulgated thereunder.

 

SECTION 3.06 Tax and Other Liabilities.

 

(a)       MMT
has filed all state and federal Tax returns that it was required to file, and has paid all Taxes shown thereon as owing, except
where the failure to file Tax returns or to pay Taxes would not have a material adverse effect on the financial condition of MMT
and its subsidiaries taken as a whole.

 

(b)       MMT
has not waived any statute of limitations in respect of any Taxes or agreed to any extension of time with respect to any Tax assessment
or deficiency.

 

(c)       MMT
is not a party to any Tax allocation or sharing agreement.

 

As used herein “Taxes”
shall include all federal, state, local or foreign taxes, including but not limited to income, gross receipts, windfall profits,
goods and services, value added, severance, property, production, sales, use, license, excise, franchise, employment, withholding
or similar taxes, together with any interest, additions or penalties with respect thereto and any interest in respect of such additions
or penalties.

 

 

 

    	 	6	 

     

    

 

SECTION 3.07 Absence of Certain Changes
or Events

 

Except as set forth in this Agreement or in
the Form 10-Q, since September 30, 2016:

 

(a)       To
the best of MMT’s knowledge, there has not been (i) any adverse change in the business, operations, properties, assets, or
condition of MMT; or (ii) any damage, destruction, or loss to MMT (whether or not covered by insurance) adversely affecting the
business, operations, properties, assets, or condition of MMT;

 

(b)       Except
as disclosed to the Company, MMT has not (i) amended its articles of incorporation or bylaws; (ii) declared or made, or agreed
to declare or make, any payment of dividends or distributions of any assets of any kind whatsoever to stockholders or purchased
or redeemed, or agreed to purchase or redeem, any of its capital stock; (iii) waived any rights of value which in the aggregate
are extraordinary or material considering the business of MMT; (iv) made any change in its method of management, operation, or
accounting; (v) entered into any other transaction; (vi) made any accrual or arrangement for payment of bonuses or special compensation
of any kind or any severance or termination pay to any present or former officer or employee; (vii) increased the rate of compensation
payable or to become payable by it to any of its officers, directors or employees or (viii) made any increase in any profit sharing,
bonus, deferred compensation, insurance, pension, retirement, or other employee benefit plan, payment, or arrangement made to,
for, or with its officers, directors, or employees; and

 

(c)       MMT
has not (i) borrowed or agreed to borrow any funds or incurred, or become subject to, any obligation or liability (absolute or
contingent); (ii) paid any obligation or liability (absolute or contingent) other than current liabilities reflected in or shown
on the most recent MMT balance sheet; (iii) sold or transferred, or agreed to sell or transfer, any of its assets, properties,
or rights (except (A) the transactions contemplated by the Purchase Agreement, and (B) assets, properties, or rights not used or
useful in its business which, in the aggregate have a value of less than $10,000), or canceled, or agreed to cancel, any debts
or claims (except debts or claims which in the aggregate are of a value of less than $10,000); or (iv) made or permitted any amendment
or termination of any contract, agreement, or license to which it is a party if such amendment or termination is material, considering
the business of MMT.

 

SECTION 3.08 Issuance

 

The shares of MMT Common
Stock issued as consideration hereunder are duly authorized and, upon issuance in accordance with the terms hereof, shall be validly
issued, fully paid and non-assessable, free from all taxes, liens and charges with respect to the issue thereof, and shall not
be subject to preemptive rights or other similar rights of stockholders of MMT.

 

SECTION 3.09 Approval of Agreement

 

The board of directors
of MMT has authorized the execution and delivery of this Agreement and has approved the transactions contemplated hereby, and approved
the submission of this Agreement and the transactions contemplated hereby to the stockholders of MMT for their approval with the
recommendation that the transaction be accepted if it has been deemed necessary.

 

SECTION 3.10 Litigation
and Proceedings

 

There are no actions, suits,
proceedings, or investigations pending or, to the best of MMT’s knowledge, threatened by or against MMT or affecting MMT
or its properties, at law or in equity, before any court or other governmental agency or instrumentality, domestic or foreign,
or before any arbitrator that would have a material adverse effect on its business. MMT does not have any knowledge of any default
on its part with respect to any judgment, order, writ, injunction, decree, award, rule, or regulation of any court, arbitrator,
or governmental agency or instrumentality or of any circumstances which, after reasonable investigation, would result in the discovery
of such a default.

 

 

 

    	 	7	 

     

    

 

SECTION 3.11 Contracts.

 

(a)       Except
as disclosed to the Company, there are no material contracts, agreements, franchises, license agreements, or other commitments
to which MMT is a party or by which it or any of its assets, products, or properties are bound outside of the ordinary course of
business;

 

(b)       Except
as disclosed to the Company or in its SEC reports, MMT is not a party to any oral or written (i) contract for the employment of
any officer or employee which is not terminable on 30 days or less notice; (ii) profit sharing, bonus, deferred compensation, stock
option, severance pay, pension benefit or retirement plan, agreement, or arrangement covered by Title IV of the Employee Retirement
Income Security Act, as amended; (iii) agreement, contract, or indenture relating to the borrowing of money; (iv) guaranty of any
obligation, other than one on which MMT is a primary obligor, for the borrowing of money or otherwise, excluding endorsements made
for collection and other guaranties of obligations, which, in the aggregate do not exceed more than one year or providing for payments
in excess of $10,000 in the aggregate; (vi) collective bargaining agreement; (vii) agreement with any present or former officer
or partner of MMT or (viii) contract, agreement, or other commitment involving payments by it of more than $10,000 in the aggregate.

 

SECTION 3.12 Material Contract Defaults

 

To the best of MMT’s
knowledge, MMT is not in default under the terms of any outstanding contract, agreement, lease, or other commitment which is material
to the business, operations, properties, assets, or condition of MMT and there is no event of default in any material respect under
any such contract, agreement, lease, or other commitment in respect of which MMT has not taken adequate steps to prevent such a
default from occurring.

 

SECTION 3.13 No Conflict
With Other Instruments

 

The execution of this Agreement
and the consummation of the transactions contemplated by this Agreement will not result in the breach of any term or provision
of, or constitute an event of default under, any material indenture, mortgage, deed of trust, or other material contract, agreement,
or instrument to which MMT is a party or to which any of its properties or operations are subject.

 

SECTION 3.14 Governmental
Authorizations

 

To the best of MMT’s
knowledge, MMT has all licenses, franchises, permits, and other governmental authorizations that are legally required to enable
it to conduct its business in all material respects as conducted on the date hereof; except for compliance with federal and state
securities and corporation laws, as hereinafter provided, no authorization, approval, consent, or order of, or registration, declaration,
or filing with, any court or other governmental body is required in connection with the execution and delivery by MMT of this Agreement
and the consummation by MMT of the transactions contemplated hereby.

 

 

 

    	 	8	 

     

    

 

SECTION 3.15 Compliance
With Laws and Regulations

 

To the best of MMT’s
knowledge, MMT has complied with all applicable statutes and regulations of any federal, state, or other governmental entity or
agency thereof, except to the extent that noncompliance would not materially and adversely affect the business, operations, properties,
assets, or condition of MMT or except to the extent that noncompliance would not result in the incurrence of any material liability
for MMT.

 

SECTION 3.16 Insurance

 

All the insurable properties
of MMT are insured in their full replacement value against all risks customarily insured against by persons operating similar properties
in localities where such properties are located and under valid and enforceable policies by insurers of recognized responsibility.
Such policy or policies containing substantially equivalent coverage will be outstanding on the date of consummation of the transactions
contemplated by this Agreement.

 

SECTION 3.17 Environmental Matters.

 

(a) To the best of MMT’s
knowledge, MMT has no liability under, and each are presently in compliance in all material respects with all Environmental Laws
applicable to MMT, its assets or business.

 

(b) MMT has no knowledge
of the releasing, spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, disposing,
or dumping of Hazardous Substances into the soil, surface waters, ground waters, land, stream sediments, surface of subsurface
strata, ambient air, sewer system, or any environmental medium at or from any property or asset owned, used or occupied by MMT
(“Environmental Condition”) in violation of any applicable Environmental Law.

 

SECTION 3.18 No Undisclosed
Liabilities

 

To the best of MMT’s
knowledge, MMT has no liabilities or obligations of any nature (whether known or unknown, asserted or unasserted, absolute or contingent,
accrued or unaccrued, liquidated or unliquidated, due or to become due), including without limitation any liability for Taxes or
any obligations or liabilities of the nature or type required to be disclosed under GAAP, which are, individually or in the aggregate,
material to the business, results of operations, assets or financial condition of MMT, taken as a whole, other than such liabilities
or obligations that have been specifically disclosed in the Form 10-K or Form 10-Qs.

 

SECTION 3.19 Materiality

 

To the best of MMT’s
knowledge, no representation or warranty in this Article III contains any materially untrue statement of a material fact
or omits to state any material fact required to make the statements contained therein not materially misleading or materially necessary
in order to provide Company with reasonably complete information as to MMT’ business or financial condition.

 

 

 

    	 	9	 

     

    

 

ARTICLE IV

REPRESENTATIONS, WARRANTIES
AND COVENANTS OF THE COMPANY

 

As an inducement to, and
to obtain the reliance of MMT, the Company hereby represents, warrants and covenants as follows:

 

SECTION 4.01 Organization

 

(a)       As
of the date hereof, the authorized capitalization of the Company consists of 1,000,000 shares of Common Stock, no par value per
share (the “Pono Common Stock”), of which 100,000 shares of Pono Common Stock are currently issued and outstanding.
All of the issued and outstanding shares of Pono Common Stock are validly issued, fully paid, and non-assessable. There are no
shares of Pono Common Stock reserved for issuance underlying conversion of outstanding Company convertible securities or outstanding
options and warrants. Pono Common Stock is not owned or held in violation of any preemptive right of any other person or entity.
There is no commitment, plan, subscription rights, or arrangement to issue, no preemptive right to acquire, and no outstanding
option, warrant, or other right calling for the issuance of, any shares of Pono Common Stock or any security or other instrument
convertible into, exercisable for, or exchangeable for Pono Common Stock.

 

(b)       The
Company has furnished to MMT complete and correct copies of the certificate of incorporation, and bylaws of Company as in effect
on the date hereof. The execution and delivery of this Agreement do not, and the consummation of the transactions contemplated
by this Agreement in accordance with the terms hereof will not, violate any provision of such certificates of incorporation or
bylaws. The Company has taken all action required by law, its certificate of incorporation, bylaws, or otherwise to authorize the
execution and delivery of this Agreement. The Company has full power, authority, and legal right and has taken all action required
by law, its incorporation and bylaws, and otherwise to consummate the transactions herein contemplated.

 

SECTION 4.02 No Conflict
With Other Instruments

 

The execution of this Agreement
and the consummation of the transactions contemplated by this Agreement will not result in the breach of any term or provision
of, or constitute an event of default under, any material indenture, mortgage, deed of trust, or other material contract, agreement,
or instrument to which the Company is a party or to which any of its properties or operations are subject.

 

SECTION 4.03 Approval of Agreement

 

The board of directors
of the Company has authorized the execution and delivery of this Agreement and has approved the transactions contemplated hereby,
and approved the submission of this Agreement and the transactions contemplated hereby to the stockholders of the Company for their
approval with the recommendation that the transaction be accepted if it has been deemed necessary.

 

 

 

    	 	10	 

     

    

 

SECTION 4.04 Financial
Condition

 

The Company has delivered
to MMT its unaudited financial statements through December 31, 2016 (the “Pono Financial Statements”). The Pono
Financial Statements presents fairly and accurately the information contained therein and does not contain an untrue statement
of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not
misleading; each such statement of income and statement of retained earnings presents fairly and accurately the results of operations
of the Company for the period indicated; and each such statement of changes in financial position presents fairly and accurately
the information purported to be shown therein. The Pono Financial Statements (including the notes thereto) referred to in this
Section 4.04 have been prepared in accordance with United States generally accepted accounting principles (“GAAP”),
are correct and complete and are in accordance with the books and records of the Company.

 

SECTION 4.05 Tax and Other Liabilities.

 

(a)       The
Company has filed all state and federal Tax returns that it was required to file, and has paid all Taxes shown thereon as owing,
except where the failure to file Tax returns or to pay Taxes would not have a material adverse effect on the financial condition
of the Company;

 

(b)       the
Company has not waived any statute of limitations in respect of any Taxes or agreed to any extension of time with respect to any
Tax assessment or deficiency.

 

(c)       the
Company is not a party to any Tax allocation or sharing agreement.

 

As used herein “Taxes”
shall include all federal, state, local or foreign taxes, including but not limited to income, gross receipts, windfall profits,
goods and services, value added, severance, property, production, sales, use, license, excise, franchise, employment, withholding
or similar taxes, together with any interest, additions or penalties with respect thereto and any interest in respect of such additions
or penalties.

 

SECTION 4.06 Absence of Certain Changes
or Events

 

Except as set forth in this Agreement, since
December 31, 2016:

 

(a)       To
the best of the Company’s knowledge, there has not been (i) any adverse change in the business, operations, properties, assets,
or condition of the Company; or (ii) any damage, destruction, or loss to the Company (whether or not covered by insurance) adversely
affecting the business, operations, properties, assets, or condition of the Company;

 

 

 

 

    	 	11	 

     

    

 

(b)       Except
as disclosed to MMT, the Company has not (i) amended its articles of incorporation or bylaws; (ii) declared or made, or agreed
to declare or make, any payment of dividends or distributions of any assets of any kind whatsoever to stockholders or purchased
or redeemed, or agreed to purchase or redeem, any of its capital stock; (iii) waived any rights of value which in the aggregate
are extraordinary or material considering the business of the Company; (iv) made any change in its method of management, operation,
or accounting; (v) entered into any other transaction; (vi) made any accrual or arrangement for payment of bonuses or special compensation
of any kind or any severance or termination pay to any present or former officer or employee; (vii) increased the rate of compensation
payable or to become payable by it to any of its officers, directors or employees or (viii) made any increase in any profit sharing,
bonus, deferred compensation, insurance, pension, retirement, or other employee benefit plan, payment, or arrangement made to,
for, or with its officers, directors, or employees; and

 

(c)       the
Company has not (i) borrowed or agreed to borrow any funds or incurred, or become subject to, any obligation or liability (absolute
or contingent); (ii) paid any obligation or liability (absolute or contingent) other than current liabilities reflected in or shown
on the most recent Company balance sheet; (iii) sold or transferred, or agreed to sell or transfer, any of its assets, properties,
or rights not used or useful in its business which, in the aggregate have a value of less than $10,000), or canceled, or agreed
to cancel, any debts or claims (except debts or claims which in the aggregate are of a value of less than $10,000); or (iv) made
or permitted any amendment or termination of any contract, agreement, or license to which it is a party if such amendment or termination
is material, considering the business of the Company.

 

SECTION 4.07 No Undisclosed Liabilities

 

To the best of the Company’s
knowledge, the Company has no liabilities or obligations of any nature (whether known or unknown, asserted or unasserted, absolute
or contingent, accrued or unaccrued, liquidated or unliquidated, due or to become due), including without limitation any liability
for Taxes or any obligations or liabilities of the nature or type required to be disclosed under GAAP, which are, individually
or in the aggregate, material to the business, results of operations, assets or financial condition of the Company

 

SECTION 4.08 Litigation
and Proceedings

 

There are no actions, suits,
proceedings, or investigations pending or, to the best of the Company’s knowledge, threatened by or against the Company or
affecting the Company or its properties, at law or in equity, before any court or other governmental agency or instrumentality,
domestic or foreign, or before any arbitrator that would have a material adverse effect on its business. the Company does not have
any knowledge of any default on its part with respect to any judgment, order, writ, injunction, decree, award, rule, or regulation
of any court, arbitrator, or governmental agency or instrumentality or of any circumstances which, after reasonable investigation,
would result in the discovery of such a default.

 

SECTION 4.09 Contracts.

 

(a)       Except
as disclosed to MMT, there are no material contracts, agreements, franchises, license agreements, or other commitments to which
the Company is a party or by which it or any of its assets, products, or properties are bound outside of the ordinary course of
business;

 

(b)       Except
as disclosed to MMT, the Company is not a party to any oral or written (i) contract for the employment of any officer or employee
which is not terminable on 30 days or less notice; (ii) profit sharing, bonus, deferred compensation, stock option, severance pay,
pension benefit or retirement plan, agreement, or arrangement covered by Title IV of the Employee Retirement Income Security Act,
as amended; (iii) agreement, contract, or indenture relating to the borrowing of money; (iv) guaranty of any obligation, other
than one on which the Company is a primary obligor, for the borrowing of money or otherwise, excluding endorsements made for collection
and other guaranties of obligations, which, in the aggregate do not exceed more than one year or providing for payments in excess
of $10,000 in the aggregate; (vi) collective bargaining agreement; (vii) agreement with any present or former officer or partner
of the Company or (viii) contract, agreement, or other commitment involving payments by it of more than $10,000 in the aggregate.

 

 

 

    	 	12	 

     

    

 

 

SECTION 4.10 Material
Contract Defaults

 

To the best of the Company’s
knowledge, the Company is not in default under the terms of any outstanding contract, agreement, lease, or other commitment which
is material to the business, operations, properties, assets, or condition of the Company and there is no event of default in any
material respect under any such contract, agreement, lease, or other commitment in respect of which the Company has not taken adequate
steps to prevent such a default from occurring.

 

SECTION 4.11 No Conflict
With Other Instruments

 

The execution of this Agreement
and the consummation of the transactions contemplated by this Agreement will not result in the breach of any term or provision
of, or constitute an event of default under, any material indenture, mortgage, deed of trust, or other material contract, agreement,
or instrument to which the Company is a party or to which any of its properties or operations are subject.

 

SECTION 4.12 Governmental
Authorizations

 

To the best of the Company’s
knowledge, the Company has all licenses, franchises, permits, and other governmental authorizations that are legally required to
enable it to conduct its business in all material respects as conducted on the date hereof; except for compliance with federal
and state securities and corporation laws, as hereinafter provided, no authorization, approval, consent, or order of, or registration,
declaration, or filing with, any court or other governmental body is required in connection with the execution and delivery by
the Company of this Agreement and the consummation by the Company of the transactions contemplated hereby.

 

SECTION 4.13 Compliance
With Laws and Regulations

 

To the best of the Company’s
knowledge, the Company has complied with all applicable statutes and regulations of any federal, state, or other governmental entity
or agency thereof, except to the extent that noncompliance would not materially and adversely affect the business, operations,
properties, assets, or condition of the Company or except to the extent that noncompliance would not result in the incurrence of
any material liability for the Company.

 

SECTION 4.14 Insurance

 

All the insurable properties
of the Company are insured in their full replacement value against all risks customarily insured against by persons operating similar
properties in localities where such properties are located and under valid and enforceable policies by insurers of recognized responsibility.
Such policy or policies containing substantially equivalent coverage will be outstanding on the date of consummation of the transactions
contemplated by this Agreement.

 

 

 

 

    	 	13	 

     

    

 

SECTION 4.15 Environmental Matters.

 

(a)       To
the best of the Company’s knowledge, the Company has no liability under, and each are presently in compliance in all material
respects with all Environmental Laws applicable to the Company, its assets or business.

 

(b)       The
Company has no knowledge of the releasing, spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping,
leaching, disposing, or dumping of Hazardous Substances into the soil, surface waters, ground waters, land, stream sediments, surface
of subsurface strata, ambient air, sewer system, or any environmental medium at or from any property or asset owned, used or occupied
by the Company (“Environmental Condition”) in violation of any applicable Environmental Law.

 

SECTION 4.16 No Undisclosed
Liabilities

 

To the best of the Company’s
knowledge, the Company has no liabilities or obligations of any nature (whether known or unknown, asserted or unasserted, absolute
or contingent, accrued or unaccrued, liquidated or unliquidated, due or to become due), including without limitation any liability
for Taxes or any obligations or liabilities of the nature or type required to be disclosed under GAAP, which are, individually
or in the aggregate, material to the business, results of operations, assets or financial condition of the Company.

 

SECTION 4.17 Materiality

 

To the best of the Company’s
knowledge, no representation or warranty in this Article IV contains any materially untrue statement of a material fact
or omits to state any material fact required to make the statements contained therein not materially misleading or materially necessary
in order to provide MMT with reasonably complete information as to the Company’s business or financial condition.

 

ARTICLE V

DELIVERIES AT CLOSING

 

SECTION 5.01 Effective
Time.

 

The Effective Time of the
Merger shall be the date on which the Statement of Merger and Articles of Merger are filed with the Secretary of State for the
State of Colorado and Nevada, which shall be so filed no less than twenty (20) days following the dissemination of the MMT Information
Statement applicable hereto.

 

SECTION 5.02 Taking
of Necessary Action

 

An the Effective Time the
Parties hereto shall take all such actions as may be necessary or appropriate in order to effectuate the transactions contemplated
by this Agreement, including the following:

 

a. Pono shall deliver all
of its stock certificates to MMT and MMT shall cause to be issued certificates representing the Merger Stock to all of the shareholders
of Pono. If, at any time after the execution hereof, any further action is necessary or desirable to carry out the purposes of
this Agreement, to (a) vest the Merger Sub with title to 100% of the issued and outstanding shares of Company Stock, or (b) vest
the Company Stockholders with title to 100% of the issued and outstanding shares of MMT Merger Stock, the officers and directors
of Company or MMT, as the case may be, shall take such necessary or desirable action in order to effectuate the transactions contemplated
by this Agreement.

 

 

 

    	 	14	 

     

    

 

SECTION 5.03 Stock
Legends

 

Certificates representing
all shares of MMT Merger Stock shall bear a legend restricting transfer of the shares of MMT Merger Stock represented by such certificate
in substantially the form set forth below:

 

THESE SECURITIES HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY BE OFFERED AND SOLD ONLY IF REGISTERED PURSUANT TO THE PROVISIONS OF THE
ACT OR IF AN EXEMPTION FROM REGISTRATION THEREUNDER IS AVAILABLE, THE AVAILABILITY OF WHICH MUST BE ESTABLISHED TO THE SATISFACTION
OF THE COMPANY.

 

MMT shall, from time to
time, make stop transfer notations in its records to ensure compliance in connection with any proposed transfer of the shares with
the Securities Act, and all applicable state securities laws.

 

SECTION 5.04 Fees and Expenses

 

Each of the Parties hereto
shall be responsible for all of their respective fees and expenses incurred in connection with the negotiation, execution, delivery
and performance of this Agreement and the transactions contemplated hereby, including, without limitation, the professional fees
of counsel for each of the Parties incurred in connection with this Agreement.

 

SECTION 5.05 Closing
Events

 

At the Closing, each of
the respective Parties hereto shall execute, acknowledge, and deliver (or shall cause to be executed, acknowledged, and delivered)
any and all certificates, opinions, financial statements, schedules, agreements, resolutions, rulings, or other instruments required
by this Agreement to be so delivered at or prior to the Closing, together with such other items as may be reasonably requested
by the Parties hereto and their respective legal counsel in order to effectuate or evidence the transactions contemplated hereby.
Deliveries at Closing shall include, without limitation, the certificates representing the MMT Merger Stock required to be delivered
at Closing pursuant to Section 2.02 hereof.

 

ARTICLE VI

SPECIAL COVENANTS AND
AGREEMENTS OF THE PARTIES

 

SECTION 6.01 Required Filings

 

MMT shall timely file with
the SEC any forms, statements, reports and documents required to be filed by it pursuant to the federal securities laws and SEC
rules and regulations thereunder as a result of the Merger, this Agreement or any of the transactions contemplated hereby, and
shall use its best efforts to cause all such forms, statements, reports and documents to be declared or become effective as soon
as practicable thereafter.

 

 

 

    	 	15	 

     

    

 

 

SECTION 6.02 Access to Properties and Records

 

MMT and the Company will
each afford to the officers and authorized representatives of the other full access to the properties, books, and records of each
other as the case may be, in order that each may have full opportunity to make such reasonable investigation as it shall desire
to make of the affairs of the other, and each will furnish the other with such additional financial and operating data and other
information as to the business and properties of each other, as the case may be, as the other shall from time to time reasonably
request.

 

SECTION 6.03 Special
Covenants and Representations Regarding Issuance of MMT Merger Stock

 

The consummation of this
Agreement and the transactions herein contemplated, including the issuance of MMT Merger Stock to the Company Stockholders as contemplated
hereby, constitutes the offer and sale of securities under the Securities Act and applicable state statutes. Such transaction shall
be consummated in reliance on exemptions from the registration and prospectus delivery requirements of such statutes which depend,
inter alia, upon the circumstances under which the Company Stockholders acquire such securities. In connection with reliance upon
exemptions from the registration and prospectus delivery requirements for such transactions, at the Closing the Company Stockholders
shall deliver to MMT customary investment letters of representation.

 

SECTION 6.04 Third party Consents and Certificates

 

MMT and the Company agree
to cooperate with each other in order to obtain any required third party consents to this Agreement and the transactions herein
and therein contemplated.

 

SECTION 6.05 Indemnification Provisions.

 

(a)       By
Company. The Company hereby agrees to indemnify and hold harmless MMT and its officer, directors and shareholders, against
and in respect of any loss, claim, liability, obligation or damage suffered or incurred by MMT resulting from or arising in connection
with any misrepresentation (in this Agreement or the Memorandum), breach of warranty, or non-fulfillment of any covenant or agreement
on the part of the Company contained in this Agreement.

 

(b)       By
MMT. MMT hereby agrees to indemnify and hold harmless the Company and its officer, directors and shareholders, against
and in respect of any loss, claim, liability, obligation or damage suffered or incurred by the Company resulting from or arising
in connection with any misrepresentation (in this Agreement or the Memorandum), breach of warranty, or non-fulfillment of any covenant
or agreement on the part of MMT contained in this Agreement;

 

(c)       Survival
of Obligation to Indemnify. The indemnity obligations of this Section 6.05 shall survive the Closing and the payment
of the consideration therefor for a period of one (1) year from the Closing and shall continue thereafter with respect to: (a)
matters which the party seeking indemnity hereunder shall have given the other party written notice of as provided herein prior
to one (1) year from the Closing; and (b) any claims, actions, suits, investigations or proceedings based on fraud or willful misconduct,
willful misrepresentation or willful breach of warranty.

 

 

 

    	 	16	 

     

    

 

 

(d)       Notice
and Procedure. Any party claiming indemnity hereunder (hereinafter referred to as the “Indemnified party”)
shall give the party against whom indemnity is sought (hereinafter referred to as the “Indemnifying party”)
prompt written notice after obtaining knowledge of any claim or the existence of facts as to which recovery may be sought against
it in respect of which the Indemnifying party may be liable because of the indemnity provisions set forth in this Section 6.05.
If such claim for indemnity arises in connection with a legal action instituted by a third party (hereinafter a “Third
Party Claim”), the Indemnified party hereby agrees that, within ten (10) Business Days after it is served with notice
of the assertion of any Third Party Claim for which it may seek indemnity hereunder, the Indemnified party will notify the Indemnifying
party in writing of such Third Party Claim.

 

The Indemnifying party
shall, within ten (10) Business Days after the date that the Indemnified party gives notice of a claim (whether a Third Party Claim
or otherwise) as provided above, notify the Indemnified party whether it accepts or contests its obligation of indemnity hereunder
as claimed by the Indemnified party.

 

If the claim for indemnity
arises in connection with a Third Party Claim and the Indemnifying party accepts its indemnity obligation hereunder, the Indemnifying
party shall have the right, after conceding in writing its obligation of indemnity hereunder, to conduct the defense of such action
at its sole expense through counsel reasonably acceptable to the Indemnified party. The Indemnified party shall cooperate in such
defense as reasonably necessary to enable the Indemnifying party to conduct its defense, including providing the Indemnifying party
with reasonable access to such records as may be relevant to its defense. The Indemnifying party shall be entitled to settle any
such Third Party Claim without the prior written consent of the Indemnified party provided that the Indemnifying party provides
the Indemnified party with reasonable assurances that the Indemnified party will be fully indemnified by the Indemnifying party
in connection with any such Third Party Claim. The Indemnified party shall be entitled to retain its own counsel at its own expense
in connection with any Third Party Claim that the Indemnifying party has elected to defend. If the Indemnifying party accepts its
indemnity obligations hereunder in connection with a Third Party Claim but elects not to conduct the defense thereof, the Indemnified
party may defend and/or settle such Third Party Claim and shall be entitled to be indemnified for the full amount of such claim
and all costs and expenses, including attorneys’ fees, incurred in connection therewith pursuant to this Section 6.05.

 

If the claim for indemnity
arises in connection with a Third Party Claim and the Indemnifying party contests or does not accept its indemnity obligation hereunder,
the Indemnified party shall have the right to defend and/or settle such Third Party Claim and thereafter seek indemnity from the
other party pursuant to this Section 6.06; provided, however, that the Indemnified party shall not settle
any such claim without the prior written consent of the Indemnifying party, which consent shall not be unreasonably withheld.

 

If the claim for indemnity
arises other than in connection with a Third Party Claim and the Indemnifying party accepts its indemnity obligation hereunder,
the Indemnifying party shall, upon the request of the Indemnified party, pay the full amount of such claim to the Indemnified party
or to the third party asserting such claim as directed by the Indemnified party. If the claim for indemnity arises other than in
connection with a Third Party Claim and the Indemnifying party contests its indemnity obligation hereunder, the Indemnified party
shall have the right to defend, settle or take any other action with respect to such claim and thereafter seek indemnity pursuant
to this Section 6.05; provided, however, that the Indemnified party shall not settle any such claim without
the prior written consent of the Indemnifying party, which consent shall not be unreasonably withheld.

 

 

 

 

    	 	17	 

     

    

 

 

ARTICLE VII

RESOLUTION OF DISPUTES

 

 

 

Any controversy, dispute
or claim arising out of or relating to this Agreement, or involving the Parties hereto, shall be resolved by binding arbitration
before a retired judge at JAMS in the City and County of Denver, Colorado. The prevailing party shall be awarded its attorney’s
fees, costs and expenses.

 

In connection with the
defense of any third party claims for which claims for indemnification have been made hereunder, each party will provide reasonable
access to its and the Company’s books and records as and to the extent required for the proper defense of such third party
claim. Neither party shall consent to any settlement or purport to bind any other party to any settlement without the written consent
of the other party.

 

ARTICLE VIII

MISCELLANEOUS

 

SECTION 8.01 No Brokers

 

MMT and the Company each
agree that there are no other finders or brokers involved in bringing the Parties together or who were instrumental in the negotiation,
execution, or consummation of this Agreement. The Parties hereto each agree to indemnify the other against any claim by any third
person for any commission, brokerage, or finders’ fee arising from the transactions contemplated hereby based on any alleged
agreement or understanding between the indemnifying party and such third person, whether express or implied from the actions of
the indemnifying party.

 

SECTION 8.02 Notices

 

Any notice, demand, request,
offer, consent, approval or communications (collectively, a “Notice”) to be provided under this Agreement shall
be in writing and sent by one of the following methods: (i) postage prepaid, United States certified or registered mail with a
return receipt requested, addressed to a Party, as appropriate, at the addresses set forth below; (ii) overnight delivery with
a nationally recognized and reputable air courier (with electronic tracking requested) addressed to the appropriate Party at the
addresses set forth below; (iii) personal delivery to the appropriate Party at the addresses set forth below; or (iv) by confirmed
electronic, facsimile or telecopier transmission to a Party, as appropriate, at the address or numbers set forth below which shall
also be contemporaneously sent by one of the methods described in the preceding clause (i), (ii) or (iii) of this Section
(it being understood and agreed, however, that such Notice shall be deemed received upon receipt of electronic transmission). Any
such Notice shall be deemed given upon receipt thereof, or, in case of any Notice sent pursuant to clause (i), (ii) or (iii) above,
the refusal thereof by the intended receipt. Notwithstanding the foregoing, in the event any Notice is sent by overnight delivery
or personal delivery and it is received (or delivery is attempted) during non-business hours (i.e., other than during 8:30
a.m. to 5:30 p.m. MST, Monday through Friday, excluding holidays), then such Notice shall not be deemed to have been received until
the next Business Day. Either party may designate a different address for receiving Notices hereunder by notice to the other party
in accordance with the provisions of this Section. Further notwithstanding the foregoing, if any Notice is sent by either
party hereto to the other and such Notice has not been sent in compliance with this Section but has in fact actually been
received by the other party, then such Notice shall be deemed to have been duly given by the sending party and received by the
recipient party effective as of such date of actual receipt.

 

 

 

    	 	18	 

     

    

 

 

	If to MMT or MMC:	
        Medicine Man Technologies, Inc.

        4880 Havana Street, Suite 102 South

        Denver, Colorado 80239

        Attn: Andrew Williams, President

         

	With a copy to:	
        Andrew I. Telsey, P.C.

        12835 E. Arapahoe Road

        Tower 1 #803

        Centennial, Colorado 80112

         

	If to Company:	
        Mr. Joshua Haupt

        6660 East 47th Ave

        Denver, CO 80216

         

	With a copy to:	
        Douglas J. Becker, Esq.

        Otten Johnson Robinson Neff + Ragonetti PC

        Suite 1600

        950 17th St.

        Denver, CO 80202

         

Notwithstanding anything
in this Section to the contrary, any Notice delivered in accordance herewith to the last designated address of any person
or party to which a Notice may be or is required to be delivered pursuant to this Agreement shall not be deemed ineffective if
actual delivery cannot be made due to a change of address of the person or party to which the Notice is directed or the failure
or refusal of such person or party to accept delivery of the Notice.

 

SECTION 8.03 No Third-Party
Beneficiaries

 

This Agreement is not intended
to confer upon any person, other than the Parties hereto, any rights or remedies hereunder.

 

 

SECTION 8.04 Amendment;
Waiver

 

This Agreement may not
be modified, amended, supplemented, canceled or discharged, except by written instrument executed by all Parties. No failure to
exercise, and no delay in exercising, any right, power or privilege under this Agreement shall operate as a waiver, nor shall any
single or partial exercise of any right, power or privilege hereunder preclude the exercise of any other right, power or privilege.
No waiver of any breach of any provision shall be deemed to be a waiver of any preceding or succeeding breach of the same or any
other provision, nor shall any waiver be implied from any course of dealing between the Parties. No extension of time for performance
of any obligations or other acts hereunder or under any other agreement shall be deemed to be an extension of the time for performance
of any other obligations or any other acts. The rights and remedies of the Parties under this Agreement are in addition to all
other rights and remedies, at law or equity, that they may have against each other except as may be specifically limited herein.

 

 

 

    	 	19	 

     

    

 

 

SECTION 8.05 Rules
of Interpretation

 

Except as otherwise expressly
provided in this Agreement, the following rules shall apply hereto: (i) the singular includes the plural and plural includes the
singular; (ii) “or” is not exclusive and “include” and “including” are not limiting; (iii)
a reference to any agreement or other contract includes any permitted supplements and amendments; (iv) a reference in this Agreement
to a section or exhibit is a reference to a section or exhibit within or attached to this Agreement unless otherwise expressly
provided; (v) a reference to a section or paragraph in this Agreement shall, unless the context clearly indicates to the contrary,
refer to all sub-parts or sub-components of any said section or paragraph; (vi) words such as “hereunder,” “hereto,”
“hereof,” and “herein,” and other words of like import shall, unless the context clearly indicates to the
contrary, refer to the whole of this Agreement and not to any particular clause hereof; (vii) the headings of the articles or sections
and the ordering or position thereof are for convenience only and shall not in any way be deemed to affect the meaning of this
Agreement; (viii) a reference in this Agreement to a “person” or “party” (whether in the singular or the
plural) shall (unless otherwise indicated herein) include both natural persons and unnatural persons (including, but not limited
to, corporations, partnerships, limited liability companies or partnerships, trusts, etc.); (ix) all accounting terms not
otherwise defined herein shall have the meanings assigned to them in accordance with GAAP; and (x) any reference in this Agreement
to a “Business Day” shall include each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on
which national banks in the United States are closed.

 

SECTION 8.06 Construction

 

The Parties agree and acknowledge
that they have jointly participated in the negotiation and drafting of this Agreement and that this Agreement has been fully reviewed
and negotiated by the Parties and their respective counsel. In the event of an ambiguity or question of intent or interpretation
arises, this Agreement shall be construed as if drafted jointly by the Parties and no presumptions or burdens of proof shall arise
favoring any party by virtue of the authorship of any of the provisions of this Agreement. Any reference to any federal, state,
local, or foreign statute or law shall be deemed also to refer to all rules and regulations promulgated thereunder, unless the
context requires otherwise. If any party has breached any representation, warranty, or covenant contained herein in any respect,
the fact that there exists another representation, warranty, or covenant relating to the same subject matter (regardless of the
relative levels of specificity) which the party has not breached shall not detract from or mitigate the fact that the party is
in breach of the first representation, warranty, or covenant. The mere listing (or inclusion of copy) of a document or other item
shall not be deemed adequate to disclose an exception to a representation or warranty made herein (unless the representation or
warranty relates solely to the existence of the document or other items itself).

 

 

 

    	 	20	 

     

    

 

 

SECTION 8.07 Governing
Law and Waiver of Jury Trial

 

This Agreement is made
in and shall be governed by the laws of the State of California, and the sole and exclusive venue for any action relating to or
arising out of this Agreement shall be the City and County of Denver, Colorado. The Parties hereto expressly waive any claim or
defense therein that such courts constitute an inconvenient forum. The Parties hereto expressly waive all rights to trial by jury
regarding all matters or disputes arising out of or related to this Agreement. In no event shall any party be liable for any indirect,
special, exemplary, punitive or consequential damages arising out of or relating to this Agreement.

 

SECTION 8.08 Severability

 

If any clause or provision
of this Agreement is illegal, invalid or unenforceable under applicable present or future laws effective during the term of this
Agreement, the remainder of this Agreement shall not be affected. In lieu of each clause or provision of this Agreement that is
illegal, invalid or unenforceable, there shall be added as a part of this Agreement a clause or provision as nearly identical as
may be possible and as may be legal, valid and enforceable. In the event any clause or provision of this Agreement is illegal,
invalid or unenforceable as aforesaid and the effect of such illegality, invalidity or unenforceability is that either party no
longer has the substantial benefit of its bargain under this Agreement and a clause or provision as nearly identical as may be
possible cannot be added, then, in such event, such party may in its discretion cancel and terminate this Agreement provided such
party exercises such right within a reasonable time after such occurrence.

 

SECTION 8.09 Arm’s
Length Negotiations

 

Each Party herein expressly
represents and warrants to all other Parties hereto that (a) before executing this Agreement, said party has fully informed itself
of the terms, contents, conditions and effects of this Agreement; (b) said party has relied solely and completely upon its own
judgment in executing this Agreement; (c) said party has had the opportunity to seek and has obtained the advice of counsel before
executing this Agreement; (d) said party has acted voluntarily and of its own free will in executing this Agreement; (e) said party
is not acting under duress, whether economic or physical, in executing this Agreement; and (f) this Agreement is the result of
arm’s length negotiations conducted by and among the Parties and their respective counsel.

 

SECTION 8.10 Tax-Free
Nature of Transaction

 

Each of the Parties shall
use its best efforts to cause the Merger to constitute a “tax-free reorganization” within the meaning of Section 368
of the Code, and none of the Parties shall knowingly take or cause to be taken any action that, or knowingly fail to take or cause
not to be taken any action the failure of which, would reasonably be expected to adversely affect the foregoing qualifications
under the Code. Except as otherwise required by applicable law, following the Effective Time, each party agrees to file its Tax
Returns in a manner that is consistent with this Section 8.11.

 

 

 

    	 	21	 

     

    

 

SECTION 8.11 Binding
Effect; Assignment

 

The rights and obligations
of this Agreement shall bind and inure to the benefit of the Parties and their respective successors and assigns. Nothing expressed
or implied herein shall be construed to give any other person any legal or equitable rights hereunder. The rights and obligations
of this Agreement may not be assigned without the prior written consent of the other party which may be granted or withheld in
such Parties sole and absolute discretion.

 

SECTION 8.12 Counterparts

 

For purposes of this Agreement,
a document (or signature page thereto) signed and transmitted electronically, including but not limited to by facsimile machine
or telecopier, is to be treated as an original document. The signature of any party thereon, or purposes hereof, is to be considered
as an original signature, and the document transmitted is to be considered to have the same binding effect as an original signature
on an original document. At the request of a ny party, an electronic, facsimile or telecopy document is to be re-executed in original
form by the Parties who executed the electronic, facsimile or telecopy document. No party may raise the use of any electronic,
facsimile or telecopier machine as a defense to the enforcement of this Agreement or any amendment or other document execution
in compliance with this Section/

 

SECTION 8.13 Entire
Agreement

 

This Agreement (including
the exhibits and schedules attached hereto) and other documents delivered at the Closing pursuant hereto, contains the entire understanding
of the Parties in respect of its subject matter and supersedes all prior agreements and understandings (oral or written) between
or among the Parties with respect to such subject matter. The Parties agree that prior drafts of this Agreement shall not be deemed
to provide any evidence as to the meaning of any provision hereof or the intent of the Parties with respect thereto. The exhibits
and schedules constitute a part hereof as though set forth in full above. This Agreement is not intended to confer upon any person,
other than the Parties hereto, any rights or remedies hereunder.

 

 

(balance of page intentionally left blank
– signature page follows)

 

 

 

 

 

    	 	22	 

     

    

 

IN WITNESS WHEREOF,
the Parties hereto have caused this Agreement to be executed by their respective officers, hereunto duly authorized, as of the
date first above-written.

 

	MEDICINE MAN TECHNOLOGIES, INC.	MEDICINE MAN CONSULTING, INC.
	 	 
	By: s/ Andrew Williams	By: s/ Brett Roper
	      Andrew Williams, President	      Brett Roper, President
	 	 
	PONO PRODUCTIONS LTD.	 
	 	 
	By: s/ Joshua Haupt	 
	      Joshua Haupt, President	 

 

 

 

 

 

 

 

    	 	23

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