Document:

Exhibit 10.3

 

HOLLYWEED NORTH CANNABIS INC.

OPTION CERTIFICATE

 

This Option Certificate is issued pursuant to the provisions of the
Stock Option Plan of Hollyweed North Cannabis Inc (the “Corporation”) dated May 27, 2019 (the “Plan”).

 

Option Holder’s Name:

Address:

 

Total Options:

Exercise Price Per Share:

 

Award Date:

Vesting Schedule:

Expiry Date:

 

The vested portion or portions of the Option may be exercised at any
time and from time to time from and including the Award Date through to 5:00 p.m. local time in Vancouver, British Columbia on the Expiry
Date by delivering to the Administrator of the Plan an Exercise Notice, in the form provided in the Plan, together with this Certificate
and a certified cheque or bank draft payable to the Corporation in an amount equal to the aggregate of the Exercise Price of the Common
Shares in respect of which the Option is being exercised.

 

Upon receiving the Exercise Notice, the Administrator may deliver a
shareholders’ agreement, voting trust agreement and/or other agreement to the Option Holder. The Option and the issue of Shares
by the Company pursuant to the exercise of the Option are subject to the Option Holder signing and returning to the Administrator a copy
of such agreement(s), if so required by the Administrator.

 

This Certificate and the Option evidenced hereby is not assignable,
transferable or negotiable and, other than as expressly provided otherwise in this Option Certificate, is subject to the detailed terms
and conditions contained in the Plan, the terms and conditions of which the Option Holder hereby expressly agrees with the Corporation
to be bound by. This Certificate is issued for convenience only and in the case of any dispute with regard to any matter in respect hereof,
the provisions of the Plan and the records of the Corporation shall prevail.

 

The Option is also subject to the terms and conditions contained in
the schedules, if any, attached hereto. All terms not otherwise defined in this Certificate shall have the meanings given to them under
the Plan.

 

The Optionee represents and warrants that he/she has not been induced
to enter this Option Agreement either by the expectation of employment or continued employment with the Corporation or any subsidiary
of the Corporation.

 

THE OPTION HOLDER ACKNOWLEDGES AND AGREES
THAT NOTHING IN THIS CERTIFICATE OR THE PLAN SHALL CONFER UPON THE OPTION HOLDER ANY RIGHT WITH RESPECT TO CONTINUED EMPLOYMENT OR DIRECTORSHIP
OR A CONTINUING CONSULTANT OR SERVICE PROVIDER CONTRACT, NOR SHALL IT INTERFERE WITH THE OPTION HOLDER’S RIGHT OR THE CORPORATION’S
RIGHT TO TERMINATE SUCH EMPLOYMENT, DIRECTORSHIP OR CONTRACT FOR ANY REASON OR NO REASON.

 

Dated this ________ day of ________, 20___.

 

[COMPANY NAME]

 

	
     

    Per:
	 	 
	Administrator, Stock Option Plan	 
	 	 
	By this Option Holder:	 
	 	 	 
	Signature	 
	 	 
	Print NameExhibit 10.6

 

EXECUTIVE
CONSULTING AGREEMENT

 

This
Agreement dated and made effective as of the 22nd day of February, 2021.

 

BETWEEN:

 

HOLLYWEED
NORTH CANNABIS INC., a company incorporated pursuant to the laws of Canada and having offices in Victoria, British Columbia (the
“Corporation”)

 

-
and -

 

SUPERCRITICAL
LABS, LLC, a limited liability company incorporated pursuant to the laws of Puerto Rico and having offices in Dorado, Puerto Rico
(the “Consultant”)

 

WHEREAS
the Corporation wishes to retain the services of the principal of the Consultant, in the capacity of Chief Executive Officer of the
Corporation, to assist in the furtherance of its Business;

 

AND
WHEREAS the Corporation and the Consultant have agreed that their relationship will be governed by the terms and conditions of this
Executive Consulting Agreement;

 

NOW
THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the provision of services by the Consultant to the Corporation, and
for other good and valuable consideration, the receipt and sufficiency of which is acknowledged by the parties hereto, the parties hereto
agree as follows:

 

ARTICLE
I.

DEFINITIONS AND INTERPRETATION

 

		1.1	In
                                            this Executive Consulting Agreement, including the recitals hereto, the following terms shall
                                            have the following meanings:

 

		(a)	“Act”
                                            means the Canada Business Corporations Act, as amended;

 

		(b)	“Affiliated”
                                            has the meaning set out in the Act, and an “Affiliate” means one of two or more
                                            Affiliated bodies corporate;

 

		(c)	“Agreement”
                                            means this Executive Consulting Agreement, as from time to time supplemented or amended by
                                            one or more agreements entered into pursuant to the applicable provisions hereof;

 

		(d)	“Board
                                            of Directors” means the board of directors of the Corporation;

 

		(e)	“Business”
                                            means the delivery of pathways to innovative, science-based health and wellness solutions
                                            in psychedelics;

 

		(f)	“Cause”
                                            means any reason which would entitle the Corporation to terminate this agreement without
                                            notice or payment in lieu of notice at common law, or under the provisions of any other applicable
                                            law or regulation and includes, without limiting the generality of the foregoing:

 

		(i)	fraud,
                                            misappropriation of the Corporation’s property or funds, embezzlement, malfeasance,
                                            misfeasance or nonfeasance in office which is willfully or grossly negligent on the part
                                            of the Consultant;

 

		(ii)	the
                                            breach by the Consultant of any of his covenants or obligations under this Agreement, including
                                            any non-competition, non-solicitation or confidentiality covenants with the Corporation;

 

    

    

    

 

		(g)	Change
of Control” means the occurrence of any of the following (other than as a consequence of the Exchange Listing):

 

		(i)	the
                                            purchase or acquisition by whatever means of any Shares or Convertible Securities by a Holder
                                            which results in the Holder beneficially owning, or exercising control or direction over,
                                            Shares or Convertible Securities such that, assuming the conversion of Convertible Securities
                                            beneficially owned or over which control or direction is exercised by the Holder, the Holder
                                            would beneficially own or exercise control or direction over Shares (together with such Holder’s
                                            then owned Shares and Convertible Securities, if any) carrying the right to cast more than
                                            51% of the votes attaching to all Shares;

 

		(ii)	the
                                            amalgamation, consolidation or merger of the Corporation with any other corporation pursuant
                                            to which the shareholders of the Corporation immediately prior to such transaction do not
                                            own shares of the successor or continuing corporation which would entitle them to cast a
                                            majority of the votes attaching to shares in the capital of the successor or continuing corporation
                                            which might be cast to elect directors of that corporation;

 

		(iii)	the
                                            sale, lease or transfer by the Corporation of all or substantially all of the assets of the
                                            Corporation to any Person other than a Related Corporation;

 

		(iv)	approval
                                            by the shareholders of the Corporation of the liquidation, dissolution or winding-up of the
                                            Corporation; or

 

		(v)	a
                                            situation in which the majority of the Board of Directors, following a meeting of the shareholders
                                            of the Corporation involving a contest for, or an item of business relating to, the election
                                            of directors, are not management nominees to the Board of Directors.

 

		(h)	“Common
                                            Shares” means the common shares in the capital stock of the Corporation;

 

		(i)	“Compensation”
                                            means any amounts the Consultant is entitled to receive pursuant to Article IV.

 

		(j)	“Compensation
                                            Committee” means the committee of the Board of Directors appointed from time to time
                                            to consider and determine executive compensation issues or, in the absence of such a committee,
                                            means the Board of Directors;

 

		(k)	“Confidential
                                            Information” means any information of a confidential nature which relates to the Business
                                            of the Corporation or any Related Corporation, including trade secrets, technical information,
                                            patents, marketing strategies, sales and pricing policies, financial information, business,
                                            marketing or technical plans, programs, methods, techniques, concepts, formulas, documentation,
                                            intellectual property, software, industrial designs, products, technical studies and data,
                                            strategic studies, engineering information, client and supplier lists, shareholder data and
                                            personnel information. Notwithstanding the foregoing, Confidential Information shall not
                                            include any information which:

 

		(i)	was
                                            in the possession of or known to the Consultant, without any obligation to keep it confidential,
                                            before it was disclosed to the Consultant by the Corporation;

 

		(ii)	is
                                            or becomes public knowledge through no fault of the Consultant;

 

		(iii)	is
                                            independently developed by the Consultant outside the scope of his duties to the Corporation;

 

		(iv)	is
                                            disclosed by the Corporation to another Person without any restriction on its use or disclosure;
                                            or

 

		(v)	is,
                                            or becomes lawfully available to the Consultant from a source other than the Corporation.

 

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		(l)	“Convertible
                                            Securities” means any securities convertible or exchangeable into Shares or carrying
                                            the right or obligation to acquire Shares;

 

		(m)	“Corporate
                                            Property” includes any and all proprietary technology, financial, and operating information,
                                            all works of expression and any copyrights in such works, patentable inventions, discoveries
                                            or trade secrets, and any materials, tools, equipment, devices, records, files, data, tapes,
                                            computer programs, computer disks, software, communications, letters, proposals, memoranda,
                                            lists, drawings, blueprints, correspondence, specifications or any other documents or property
                                            belonging to the Corporation or any Related Corporations;

 

		(n)	“Dedicated
                                            Personnel” means Chris McElvany;

 

		(o)	“Effective
                                            Date” means the date as set forth on page one of this Agreement;

 

		(p)	“Exchange”
                                            means a recognized Canadian or United States stock exchange;

 

		(q)	“Exchange
                                            Listing” means the listing of the Common Shares on an Exchange;

 

		(r)	“Excluded
                                            Reason” means the termination of this employment by the Corporation for Cause pursuant
                                            to Section 5.2, by the Consultant pursuant to Section 6.1, or termination upon Death pursuant
                                            to Article VII;

 

		(s)	“Holder”
                                            means any Person or group of Persons acting jointly or in concert, or associated or Affiliated
                                            with any such Person, group of Persons or any of such Persons acting jointly or in concert;

 

		(t)	“Notice”
                                            means any Notice given by one Party to the other Party in accordance with Article XI;

 

		(u)	“Party”
                                            means one or other of the Consultant and the Corporation, and “Parties” means
                                            both the Consultant and the Corporation;

 

		(v)	“Person”
                                            includes an individual, partnership, association, body corporate, trustee, executor, administrator
                                            or legal representative, and “Persons” means a group of more than one Person;

 

		(w)	“Related
                                            Corporation” means any subsidiary corporation or partnership, division, affiliate,
                                            predecessor or successor of the Corporation;

 

		(x)	“Severance
                                            Period” has the meaning as defined in 6.3(a) herein;

 

		(y)	“Shares”
                                            means the common shares of the Corporation as constituted on the date first above written;

 

		(z)	“Term”
                                            means the period during which this Agreement remains in force pursuant to Article II; and
                                            (aa)“Termination Date” means the last day actively worked by the Consultant
                                            for the Corporation.

 

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		1.2	The
                                            headings in this Agreement are inserted for convenience and ease of reference only, and shall
                                            not affect the construction or interpretation of this Agreement.

 

		1.3	All
                                            words in this Agreement importing the singular number include the plural, and vice versa.
                                            All words importing gender include the masculine, feminine and neuter genders.

 

		1.4	All
                                            monetary amounts are in United States dollars.

 

		1.5	The
                                            word “including”, when following any general statement or term, is not to be
                                            construed as limiting the general statement or term to the specific items or matters set
                                            forth or to similar items or matters, but rather as permitting the general statement or term
                                            to refer to all other items or matters that could reasonably fall within its broadest possible
                                            scope.

 

		1.6	A
                                            reference to a statute includes all regulations made thereunder, all amendments to the statute
                                            or regulations in force from time to time, and any statute or regulation that supplements
                                            or supersedes such statute or regulations.

 

		1.7	A
                                            reference to an entity includes any successor to that entity.

 

		1.8	A
                                            reference to “approval”, “authorization” or “consent’
                                            means written approval, authorization or consent.

 

		1.9	A
                                            reference to an Article is to an Article of this Agreement and the reference to a Section
                                            followed by a number or some combination of numbers and letters refers to the section, paragraph,
                                            subparagraph, clause or subclause of this Agreement so designated.

 

ARTICLE
II.

TERM OF AGREEMENT

 

		2.1	The
                                            Consultant’s engagement shall commence on the Effective Date and continue on an annual
                                            basis until terminated in accordance with the provisions of this Agreement (the “Term”).

 

ARTICLE
III.

DUTIES OF CONSULTANT

 

		3.1	The
                                            Consultant shall, during the Term:

 

		(a)	perform
                                            the duties and responsibilities of the Chief Executive Officer of the Corporation, including
                                            all those duties and responsibilities customarily performed by a person holding the same
                                            or an equivalent position in corporations of a similar size to the Corporation in a similar
                                            Business to that of the Corporation in Canada, as well as such other related duties and responsibilities
                                            as may be assigned to the Consultant by the Board of Directors from time to time, provided
                                            that such other related duties and responsibilities are consistent with the Consultant’s
                                            duties as the Chief Executive Officer of the Corporation;

 

		(b)	accept
                                            such other office or offices which be may be elected or appointed by the Board of Directors
                                            in addition to that of Chief Executive Officer, provided that performance of the duties and
                                            responsibilities associated with such office or offices shall be consistent with the duties
                                            provided for in paragraph 3.1(a).

 

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		3.2	Independent
                                            Contractor

 

		(a)	It
                                            is understood and agreed that the Consultant will provide services to the Corporation as
                                            an independent contractor, on a contract basis, and that nothing in this Agreement shall
                                            be construed to create a relationship of employer and employee between the Corporation and
                                            the Consultant. The Consultant acknowledges that it and the Dedicated Personnel will not
                                            be employees of the Corporation and accordingly will not be eligible to participate in any
                                            employee benefit plans of the Corporation including, without limitation, life insurance,
                                            health care, disability income and dental plans. The Consultant acknowledges that it is not,
                                            nor will it represent himself to be, an employee of the Corporation.

 

		(b)	Except
                                            as provided for in this Agreement, the Corporation shall not control, supervise, direct or
                                            schedule the activities of the Consultant. The Consultant shall be solely responsible for
                                            the performance of the Services and shall have the exclusive direction and control, including
                                            the method, manner and scheduling of the same.

 

		(c)	It
                                            is acknowledged that the work product of the Consultant hereunder is the sole property of
                                            the Corporation and the Consultant hereby assigns to the Corporation any proprietary interest
                                            and waives all moral rights he may be deemed to have in the work product of the Consultant
                                            relating to or resulting from the performance of the Services hereunder. The Consultant will,
                                            under no circumstances, use, copy, modify or disclose any such work product without the prior
                                            written consent of the Corporation.

 

		3.3	The
                                            Consultant shall be free to determine the hours of the day during which he will perform the
                                            Services; provided, however, that the Consultant agrees, to the extent possible, to endeavour
                                            to make itself available to the directors and employees of the Corporation during their regularly
                                            scheduled hours or at specific times as requested by the Corporation. The Consultant acknowledges
                                            that the Services are to be completed on a timely basis and agrees that he shall schedule
                                            the performance of the Services in order to complete the Services on or prior to such dates
                                            as may be specified by the Corporation from time to time.

 

		3.4	It
                                            is a condition of this agreement that all of the services performed hereunder shall be performed
                                            by the Dedicated Personnel as an employee of the Consultant. In the event that the Dedicated
                                            Personnel is not available to perform any of the services performed hereunder, for any reason
                                            whatsoever, then the Consultant shall promptly advise the Corporation accordingly. In the
                                            event that the Consultant wishes to have any of these services performed hereunder by any
                                            other person, it shall obtain the written permission of the Board of Directors of the Corporation
                                            in advance of the performance of the services by that other person.

 

ARTICLE
IV.

COMPENSATION

 

		4.1	The
                                            Corporation shall pay the Consultant during the Term of this Agreement for the Services provided
                                            hereunder (the “Consulting Fee”), a fee of USD$175,000.00 per annum beginning
                                            on March 1, 2021, payable on the first day of each month in arears, subject to review by
                                            the board of directors.

 

		4.2	The
                                            Consultant shall invoice the Corporation for Services provided on a monthly basis. The parties
                                            acknowledge and agree that the Consulting Fee maybe subject to Canadian withholding tax and
                                            goods and services tax, depending on the extent to which the services are performed in the
                                            United States. Additional performance bonuses and targets may be established on an annual
                                            basis by the board of directors of the Corporation.

 

		4.3	Upon
                                            approval from the Board of Directors of the Corporation and regulatory authorities, the Dedicated
                                            Personnel will be granted 8,482,113 stock options (in accordance with the Corporation’s
                                            Stock Option Plan) on a one-time basis at an exercise price of CDN$0.12 per share. These
                                            options will vest as to 2,827,371 options immediately and 2,827,371 on each of the first
                                            and second anniversaries of the Effective Date.

 

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		4.4	Except
                                            as specified below, all expenses incurred by the Consultant in connection with the performance
                                            of the Services shall be the sole responsibility of the Consultant and the Consultant shall
                                            be solely responsible for the payment thereof. The Consultant agrees and acknowledges that
                                            the Corporation is not responsible in any manner whatsoever for the costs, expenses or third
                                            party accounts incurred by the Consultant. Notwithstanding the above, the Corporation agrees
                                            to reimburse the Consultant for, or to pay directly, all third party costs incurred by the
                                            Consultant with the prior written authorization or approval of the Corporation. Such costs
                                            and disbursements may include, but may not be limited to, computer equipment, communication
                                            devices and travel-related expenses. Such costs will be paid or reimbursed by the Corporation
                                            within thirty (30) days of written receipt of payment thereof.

 

		4.5	The
                                            Consultant shall be responsible for all taxes payable as a result of the provision of the
                                            Services or which arise out of this Agreement. The Consultant represents and warrants to
                                            the Corporation that it is a non-resident of Canada and a resident of the United States of
                                            America for Canadian income and goods and services tax purposes

 

		4.6	If
                                            the Corporation should ever be required by any governmental authority at any time to pay,
                                            on the Consultant’s behalf, any assessments such as income tax, employment insurance
                                            premiums, Canada Pension Plan contributions, Provincial/State Health Care contributions,
                                            or Workers’ Compensation contributions, the Consultant will, forthwith upon notice,
                                            reimburse the Corporation for such payment, together with interest and any penalties applicable
                                            to such assessments. The Consultant’s obligations under this subsection 4.6 will survive
                                            the termination of this Agreement and remain in effect until the expiry of the period during
                                            which a notice of assessment or reassessment in respect of the taxes under dispute may be
                                            issued and any further periods during which such assessment or reassessment may be applied.

 

		4.7	The
                                            Corporation may also grant the Consultant annual or incentive bonuses in an amount and on
                                            such terms and conditions as the Compensation Committee in its sole discretion may determine
                                            from time to time, based upon such factors as the Compensation Committee in its sole discretion
                                            determines are relevant, which factors may include the Consultant’s performance under
                                            the terms of this Agreement and the performance of the Corporation.

 

		4.8	Upon
                                            termination of this Agreement for any reason, the Consultant shall be entitled to receive
                                            any Compensation earned up to the Termination Date, in addition to any other severance or
                                            termination payments which are payable under the terms of this Agreement.

 

ARTICLE
V.

TERMINATION BY CORPORATION

 

		5.1	The
                                            Corporation shall be entitled to terminate this Agreement at any time, for any reason, upon
                                            written Notice to the Consultant, in which case:

 

		(a)	subject
                                            to Section 6.3, the Corporation shall pay the Consultant an amount equal to the Consultant’s
                                            compensation for the Severance Period in full and final settlement of any claims by the Consultant
                                            against the Corporation or any Related Corporation, arising out of, or in any way connected
                                            to, this Agreement with the Corporation or any Related Corporation, or the termination of
                                            such Agreement, whether at common law or under the provision of any statute or regulation,
                                            or pursuant to any agreement between the Parties.

 

		(b)	the
                                            Consultant’s right to receive the payment under this Section 5.1 shall not be subject
                                            to any duty to mitigate, nor affected by any actual mitigation by the Consultant; and

 

		(c)	payment
                                            under this Section 5.1 shall be subject to the prior execution by the Consultant of a Settlement
                                            Agreement and Release, on terms acceptable to the Corporation acting reasonably.

 

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ARTICLE
VI.

TERMINATION BY CONSULTANT

 

		6.1	The
                                            Consultant may terminate this Agreement by providing 90 days’ prior Notice to the Corporation.
                                            Upon receipt of such Notice of termination by the Consultant:

 

		(a)	the
                                            Corporation shall be required to pay the Consultant any Compensation earned up to the Termination
                                            Date, and may either require the Consultant to continue to perform his duties until the Termination
                                            Date, or dismiss the Consultant at any time after receipt of the Notice, providing Compensation
                                            for the Notice Period equal to two months multiplied by the monthly instalment of the Consulting
                                            Fee;

 

		(b)	If
                                            the Consultant has terminated this Agreement with the Corporation for any reason other than
                                            the occurrence of a Change of Control of the Corporation then one hundred percent (100%)
                                            of both the vested and unvested portion of all stock options held by the Consultant as of
                                            the Termination Date shall be cancelled as of the Termination Date.

 

		6.2	Subject
                                            to the conditions set out in Section 6.4, the Consultant may terminate this agreement with
                                            the Corporation within 60 days following the occurrence of a Change of Control of the Corporation
                                            and receive the payment set out in section 6.3.

 

		6.3	In
                                            the event that the Consultant’s agreement with the Corporation is terminated in strict
                                            accordance with Section 6.2, the Corporation shall pay the Consultant the following amounts
                                            in full and final settlement of any claims by the Consultant against the Corporation or any
                                            Related Corporation, arising out of or in any way connected to the Consultant’s agreement
                                            with the Corporation or any Related Corporation, or the termination of such agreement, whether
                                            at common law or under the provision of any statute or regulation, or pursuant to the terms
                                            of any agreement between the Parties:

 

		(a)	Compensation
                                            calculated for the Severance Period calculated based upon 6 months plus the number of months
                                            remaining in the Term multiplied by the Consulting Fee. The maximum compensation not to exceed
                                            12 months of pay;

 

		(b)	one
                                            hundred percent (100%) of the unvested portion of all stock options held by the Consultant
                                            as of the Termination Date shall be deemed vested and the Consultant shall be entitled to
                                            exercise such stock options for a period of six (6) months following the Termination Date.

 

		6.4	Payment
                                            under Section 6.3 shall be subject to the following conditions:

 

		(a)	the
                                            prior execution by the Consultant of a Settlement Agreement and Release on terms acceptable
                                            to the Corporation acting reasonably;

 

		(b)	the
                                            Consultant’s full co-operation and assistance, in connection with any Change of Control,
                                            to transfer the Consultant’s duties and responsibilities to a replacement at the request
                                            of the Corporation and for a period requested by the Corporation not to exceed 30 days, and
                                            the tendering by the Consultant of his resignation from any position he may hold as an officer
                                            or a director of the Corporation and any Related Corporations, at such time as the Corporation
                                            may request;

 

		(c)	the
                                            Consultant’s right to receive the payment under Section 7.2 shall not be subject to
                                            any duty to mitigate, nor affected by any actual mitigation by the Consultant; and

 

		(d)	payment
                                            under Section 6.2 shall be in place of, and not in addition to, any other statutory and common
                                            law severance or termination payment in lieu of reasonable notice which may be made to the
                                            Consultant pursuant to any other term or provision of this Agreement.

 

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ARTICLE
VII.

TERMINATION UPON DEATH

 

		7.1	This
                                            Agreement shall automatically terminate upon the death of the Dedicated Personnel.

 

ARTICLE
VIII.

PROPERTY RIGHTS

 

		8.1	The
                                            Consultant acknowledges and confirms that the Corporation shall be entitled to own and control
                                            all proprietary technology, patentable inventions, discoveries, and improvements, trade secrets,
                                            all works subject to copyright, and financial, operating, and training ideas, processes,
                                            and materials, including works of expression and all copyrights in such works, that are developed
                                            for the Corporation, created for the Corporation, or conceived for the Corporation by the
                                            Consultant during the course of this Agreement (collectively referred to as “Contract
                                            Developments”), to the extent that such Contract Developments relate to the Corporation’s
                                            Business or if such Contract Developments were in any part undertaken with Corporation supplied
                                            software or equipment or on the premises of the Corporation. Accordingly, the Consultant
                                            hereby agrees to disclose, deliver, and assign to the Corporation all such Contract Developments,
                                            and further agrees to execute all documents, patent applications, and arrangements necessary
                                            to further document such ownership and/or assignment and to take whatever other steps may
                                            be needed to give the Corporation the full benefit of them.

 

		8.2	The
                                            Consultant agrees that all copyrightable materials generated or developed for the Corporation
                                            under this Agreement, including computer programs and documentation, shall be considered
                                            works made for hire under the copyright laws of Canada and the United States and shall, upon
                                            creation, be owned exclusively by the Corporation. To the extent that any such materials,
                                            under applicable law, may not be considered works made for hire, the Consultant hereby assigns
                                            to the Corporation the ownership of all copyrights in such materials, without the necessity
                                            of any further consideration, and the Corporation shall be entitled to register and hold
                                            in its own name all copyrights in respect of such materials.

 

ARTICLE
IX.

CONFIDENTIAL INFORMATION, NON-SOLICITATION AND NON-COMPETITION

 

		9.1	The
                                            Consultant acknowledges and agrees that in performing the duties and responsibilities pursuant
                                            to this Agreement, he will occupy a position of high fiduciary trust and confidence with
                                            the Corporation, pursuant to which he will develop and acquire wide experience and knowledge
                                            with respect to all aspects of the Business carried on by the Corporation and its Related
                                            Corporations, and the manner in which such Business is conducted. It is the express intent
                                            and agreement of the Consultant and the Corporation that such knowledge and experience shall
                                            be used solely and exclusively in furtherance of the Business interests of the Corporation
                                            and its Related Corporations, and not in any manner detrimental to them. The Consultant therefore
                                            agrees that, so long as this Agreement is in force, he shall not engage in any practice or
                                            business that competes with the Business of the Corporation or its Related Corporations without
                                            informing the Board of Directors of the Corporation.

 

		9.2	The
                                            Consultant further acknowledges and agrees that in performing the duties and responsibilities
                                            pursuant to this Agreement, he will become knowledgeable with respect to a wide variety of
                                            Confidential Information which is the exclusive property of the Corporation, the disclosure
                                            of which would cause irreparable harm to the Corporation. The Consultant therefore agrees
                                            that during the Term and following the termination of this Agreement for any reason, he shall
                                            treat confidentially all Confidential Information belonging to the Corporation and shall
                                            not disclose the Confidential Information to any unauthorized persons, except with the express
                                            consent of the Board of Directors, or otherwise as required by law.

 

		9.3	The
                                            Consultant further agrees that:

 

		(a)	for
                                            a period of two (2) years from the date of termination of this Agreement, the Consultant
                                            will not in any way be associated with or involved, directly or indirectly, with any person,
                                            firm, corporation or other entity engaged in the Business carried on by the Corporation within
                                            a one section radius of the Corporation’s current land holdings;

 

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		(b)	the
                                            Consultant will not, for a period of two (2) years from the date of termination of this Agreement,
                                            directly or indirectly, through any other party or entity, approach, solicit, entice or attempt
                                            to approach, solicit or entice any of the other shareholders, employees or consultants of
                                            the Corporation, or anyone who was a shareholder, employee or consultant of the Corporation
                                            during the one (1) year prior to termination of this Agreement, to leave the Corporation;

 

		(c)	if
                                            the geographic area of restriction set forth above in this Section 9.3 shall be deemed or
                                            determined to be unreasonable or unenforceable by a Court of competent jurisdiction, the
                                            Consultant agrees and submits to the reduction of the geographic area of restriction to such
                                            geographic area of restriction as the Court shall deem to be reasonable and enforceable;

 

		(d)	the
                                            Consultant acknowledges and agrees that the foregoing time limits are reasonable and properly
                                            required for the adequate protection of the business of the Corporation, and in the event
                                            that any time limitation is deemed to be unreasonable or unenforceable by a Court of competent
                                            jurisdiction, the Consultant agrees and submits to the reduction of the time limitation to
                                            such period as the Court shall deem to be reasonable and enforceable;

 

		(e)	the
                                            Consultant agrees that the restrictions and covenants contained in this Section 9.3 shall
                                            be construed independent of any other provision of this Agreement, and the existence of any
                                            claim or cause of action by the Consultant against the Corporation, whether predicated on
                                            this Agreement or otherwise, shall not constitute a defence to the enforcement by the Corporation
                                            of the covenants or restrictions contained herein, provided however that if any provision
                                            hereof shall be held to be illegal, invalid or unenforceable in any jurisdiction by a Court
                                            of competent jurisdiction, such decision shall not effect any other covenants or provisions
                                            of this Agreement or the application of any other covenant or provision;

 

		(f)	the
                                            Consultant agrees that all restrictions contained in this Section 9.3 are reasonable and
                                            valid in the circumstances and all defences to the strict enforcement thereof by the Corporation
                                            are hereby waived by the Consultant.

 

		9.4	In
                                            the event that this Agreement is terminated in accordance with Sections 5.1 or 6.2, the Consultant
                                            acknowledges and agrees that for a further period equal to three (3) months, it shall not
                                            for any reason, either directly or indirectly through any Person, agent, employee, Affiliate
                                            or representative:

 

		(a)	purchase,
                                            offer or agree to purchase, directly or indirectly, more than 5% of the outstanding securities
                                            of the Corporation or a Related Corporation (other than through the exercise of currently
                                            outstanding options);

 

		(b)	make,
                                            or in any way participate in, either directly or indirectly, any non-management solicitation
                                            of any proxy to vote or any consent with respect to any Shares;

 

		(c)	form,
                                            join or in any way participate in a group in connection with any of the foregoing; or

 

		(d)	otherwise
                                            act, alone or in concert with others, to seek to control or influence the management or the
                                            Board of Directors or policies of the Corporation.

 

		9.5	The
                                            Consultant further acknowledges and agrees that pursuant to the terms of this Agreement,
                                            that to the extent he acquires Corporate Property of the Corporation, it shall remain the
                                            exclusive property of the Corporation. Upon termination of this Consultant Consulting Agreement
                                            for any reason, the Consultant shall return to the Corporation all Corporate Property, together
                                            with any copies or reproductions thereof; which may have come into the Consultant’s
                                            possession during the course of or pursuant to this Agreement, and shall delete or destroy
                                            all computer files on his personal computer which may contain any Confidential Information
                                            belonging to the Corporation.

 

    9

    

    

 

ARTICLE
X.

INDEMNIFICATION AND INSURANCE

 

		10.1	Subject
                                            to the requirements of the Act, the Corporation shall indemnify and save harmless the Consultant
                                            from and against any personal liability which he incurs as a direct result of performing
                                            his duties on behalf of the Corporation, with the exception of any liability which the Corporation
                                            is prohibited by law from assuming.

 

		10.2	The
                                            Corporation agrees to maintain directors and officers liability insurance for the benefit
                                            of the Dedicated Personnel while the Dedicated Personnel remains an officer of the Corporation
                                            and shall, at the Consultant’s option or direction, provide such insurance for the
                                            Dedicated Personnel on a run-off basis upon termination of this Agreement pursuant to Section
                                            5.1 and Articles XI and XII only, for a period of three (3) years from the Termination Date,
                                            on commercially reasonable terms.

 

		10.3	The
                                            provisions of this Article XIII shall remain in full force and effect notwithstanding the
                                            termination of this Agreement for any reason.

 

ARTICLE
XI.

NOTICES

 

		11.1	Any
                                            Notice required to be given hereunder may be provided by personal delivery, by registered
                                            mail or by facsimile to the Parties hereto at the following addresses:

 

To
the Corporation:

 

c/o
TingleMerrett LLP

1250, 639 — 5th Street, S.W.

Calgary, Alberta T2P 0M9

sreeves@tinglemerrett.com

 

Attention:Scott
Reeves, Corporate Secretary

 

To
the Consultant:

 

[address]

Attention:Chris
McElvany

Email:supercriticallabs@gmail.com

 

Any
Notice, direction or other instrument shall, if delivered, be deemed to have been given and received on the business day on which it
was so delivered, and if not a business day, then on the business day next following the day of delivery, and, if mailed, shall be deemed
to have been given and received on the fifth day following the day on which it was so mailed, and, if sent by facsimile transmission,
shall be deemed to have been given and received on the next business day following the day it was sent.

 

		11.2	Either
                                            Party may change its address for Notice in the aforesaid manner.

 

    10

    

    

 

ARTICLE
XII.

GENERAL

 

		12.1	Time
                                            shall be of the essence in this Agreement,

 

		12.2	This
                                            Agreement shall be construed and enforced in accordance with the laws of the Province of
                                            British Columbia, and the Parties hereby attorn to the non-exclusive jurisdiction of British
                                            Columbia Courts. Should provisions in this Agreement fail to comply with the applicable legislation,
                                            the Agreement shall be interpreted in accordance with those statutory requirements.

 

		12.3	This
                                            Agreement and any other agreements expressly incorporated by reference herein, constitute
                                            the entire agreement between the Parties with respect to the subject matter hereof, and supercede
                                            and replace any and all prior agreements, undertakings, representations or negotiations pertaining
                                            to the subject matter of this Agreement. The Parties agree that they have not relied upon
                                            any verbal statements, representations, warranties or undertakings in order to enter into
                                            this Agreement. In the event of a conflict between this Agreement and any other agreement
                                            expressly incorporated by reference herein, the terms of this Agreement shall prevail.

 

		12.4	This
                                            Agreement may not be amended or modified in any way except by written instrument signed by
                                            the Parties hereto.

 

		12.5	This
                                            Agreement shall enure to the benefit of and be binding upon the Parties hereto, together
                                            with their personal representatives, successors and permitted assigns.

 

		12.6	This
                                            Agreement may not be assigned by either Party without the prior consent of the other Party.

 

		12.7	The
                                            waiver by either Party of any breach of the provisions of this Agreement shall not operate
                                            or be construed as a waiver by that Party of any other breach of the same or any other provision
                                            of this Agreement.

 

		12.8	The
                                            Parties agree to execute and deliver such further and other documents, and perform or cause
                                            to be performed such further and other acts and things as may be necessary or desirable in
                                            order to give full force and effect to this Agreement.

 

		12.9	The
                                            Consultant agrees that following the termination of this Agreement with the Corporation for
                                            any reason, the Consultant shall tender his resignation from any position he may hold as
                                            an officer or director of the Corporation or any Related Corporation.

 

		12.10	Should
                                            any provision in this Agreement be found to be invalid, illegal or unenforceable, the validity,
                                            legality or enforceability of the remaining provisions of the Agreement shall not be affected
                                            or impaired thereby in any way.

 

IN
WITNESS WHEREOF the Parties hereto acknowledge and agree that they have read and understand the terms of this Agreement, and that
they have had an opportunity to seek independent legal advice prior to entering into this Agreement, and that they have executed this
Agreement with full force and effect from the date first written above.

 

	 

    SUPERCRITICAL
LABS, LLC

     
	 	HOLLYWEED
    NORTH CANNABIS INC.
	Per	/s/
    Chris McElvany	 	Per:	/s/
    Authorized signatory
	Chris
    McElvany, President	 	 
	 	 
	 	Per:	 

 

    11

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