Document:

EX-10.12

 Exhibit 10.12 

LEASE AGREEMENT 

THIS LEASE AGREEMENT (hereafter “the Lease”) is entered into this day of August, 2018, by and between One More Wish II,
LLC, whose mailing address is 178 May Nursery Road, Havana, Florida 32333 (hereafter “Landlord”), and Trulieve, Inc., whose mailing address is 6749 Ben Bostic Road, Quincy, Florida 32351 (hereafter
“Tenant”). Landlord and Tenant are sometimes collectively referred to as the “Parties”. 
 1. Description of Premises:
Use: On the terms and conditions set forth in this Lease, Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the real property being more particularly described on the attached Exhibit “A” (hereafter the
“Premises). 
 2. Term: 
  

	 	(a)	 Subject to and upon the conditions set forth in this Lease or in any exhibit or addendum attached to this
Lease, this Lease shall continue in full force and effect for the Term of this Lease, which shall be ten (10) years (hereafter the “Term”). The Term shall commence on a date determined pursuant to Section 5 of this Lease and
shall expire on the tenth anniversary of said Commencement Date. 

  

	 	(b)	 Provided that at the time of Tenant’s exercise of its rights hereunder, Tenant is not in default in the
performance of this Lease, beyond the applicable notice and/or cure periods, Tenant shall have one (1), option to extend the Term of the Lease an additional ten (10) year term (hereinafter the “Option”). The Option shall be exercised
by written notice given to Landlord not less than two (2) years prior to the end of the initial Term of this Lease. If notice is not given in the manner provided herein within the time specified herein, then the Option shall expire. The Option
shall automatically terminate upon assignment or sublease of the Premises, except in connection with a Permitted Transfer, as defined herein. 

3. Rent: As consideration for this Lease and the services to be provided by Landlord, beginning on the Commencement Date Tenant shall pay to Landlord
at its offices as stated above (or at such other place as Landlord shall designate in writing to Tenant) the monthly rent due for the Premises (hereafter the “Rent”) per the attached “Rent Schedule” in advance during the Term of
this Lease, and without demand, offset or deduction, except as otherwise provided herein, promptly on the first (1st) day of each month and not later than the fifth (5th) day of each month. Tenant shall also pay all sales tax due on the Rent. Rent shall increase by two percent (2%) annually throughout the Term of this Lease as well as any Option term. 

4. Late Charges: Service Charges: 
  

	 	(a)	 Tenant acknowledges that late payment by Tenant to Landlord of any Rent due hereunder will cause Landlord to
incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs may include, without limitation, processing and accounting charges and late charges that may be imposed on Landlord under the
terms of any Mortgage. Accordingly, if any Rent is 

  
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not received by Landlord by the fifth (5th) day of the month it is due, Tenant shall, in addition to payment of the Rent due, pay to Landlord
a late charge equal to three percent (3%) of the overdue rental payment. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs incurred by Landlord by reason of the late payment by Tenant Acceptance of
any late charge by Landlord shall in no event constitute a waiver of Tenant’s default with respect to the overdue amount in question, nor prevent Landlord from exercising any of the other rights and remedies granted hereunder.

  

	 	(b)	 Any check received by Landlord from Tenant that is returned for insufficient funds shall require Tenant to pay
Landlord a service charge of $50.00 per returned check. Tendering a check lacking sufficient funds will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs may
include, without limitation, processing and accounting charges and late charges that may be imposed on Landlord under the terms of any Mortgage. The parties hereby agree that such a service charge represents a fair and reasonable estimate of the
costs incurred by Landlord by reason of the bad check. 

 5. Lease Commencement Date: The Term of this Lease shall commence on
October 1, 2018 (hereinafter the “Commencement Date”). The first monthly installment of Rent shall become due and payable on October 1, 2018 (“Rent Commencement Date”). 

6. Care and Repair of Leased Premises: 
  

	 	(a)	 The Parties acknowledge that this is an “AS IS” lease and that Landlord shall have no duty to
maintain the Premises. 

  

	 	(b)	 Tenant shall make all other necessary repairs, including but not limited to the HVAC, to the Premises. All
improvements made by Tenant to the Premises which are so attached to the Premises that they cannot be removed without material injury to the Premises, shall become the property of Landlord upon installation. Landlord, however, shall have no duty to
repair or maintain said improvements. 

  

	 	(c)	 Not later than the last day of the Term, Tenant shall, at Tenant’s expense: remove all of Tenant’s
personal property and those improvements made by Tenant which have not become the property of Landlord, including trade fixtures, cabinetwork, movable paneling, partitions and the like; repair all damage done by or in connection with the
installation or removal of the property and improvements; and surrender the Premises in as good condition as they were on the Commencement Date, reasonable wear, not due to the misuse or neglect by Tenant or Tenant’s agents, servants, visitors
or licensees, excepted. All property of Tenant remaining on the Premises after the Term of this Lease, after ten (10) days written notice to Tenant, shall be conclusively deemed abandoned and may be removed by Landlord, and Tenant shall
promptly reimburse Landlord for the reasonable cost of such removal. Landlord may have any such abandoned property stored at Tenant’s risk and expense. 

  
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	 	(d)	 Tenant shall commit no act of physical waste and shall take good care of the Premises and the fixtures and
appurtenances on it, and shall, in the use and occupancy of the Premises, conform to and comply with all laws, orders, and regulations of the state, and local governments or any of their departments. 

7. Utilities and Janitorial Services: Tenant shall pay for all utilities for the Premises during the Term of this Lease and of any renewal or extension
thereof, including, but not limited to: water, gas, heat, light, power, air conditioning, telephone service and internet service. 
 8. Security
Deposit: Waived by Landlord. 
 9. Effect of Destruction of or Damage to Premises: 

 

	 	(a)	 Except as provided herein, if the Premises are damaged or destroyed in whole or in part by fire or other
casualty during the Term of this Lease or any extension thereof, Landlord agrees to repair, restore, rebuild, or replace with due diligence the Premises or portion destroyed or damaged, so that the Premises shall be substantially the same as they
were before the damage. If the destruction or damage amounts to more than fifty (50) percent of the insurable value of the Premises, or the damage or destruction occurs within twelve (12) months of the end of the Term of this Lease or any
extension thereof, Landlord may, at its option, cancel and terminate this Lease by giving written notice to Tenant within forty-five (45) calendar days after the date the damage or destruction occurred. In such event, this Lease shall terminate
on the date specified in such notice, and Landlord shall not be obligated to repair or rebuild and Rent shall be abated from the date of casualty to the termination date specified is such notice. In the event of such damage or destruction and
Landlord elects to repair, restore or rebuild, Rent under this Lease will be abated for the time during which, and to the extent to which, the Premises may not be lawfully used by Tenant as permitted herein and before repair; provided, however, and
notwithstanding anything to the contrary in this Lease, if the damage or damages resulted from the fault of the Tenant, or Tenant’s agents, servants, employees, invitees, visitors or licenses, Tenant shall not be entitled to any abatement or
reduction of Rent. 

  

	 	(b)	 If the Premises are to be restored by Landlord as provided in Section 9(a), Tenant shall, at Tenant’s
expense, be responsible for the repair and restoration of all items which were installed at the expense of Tenant (whether the work was done by Landlord or Tenant), together with Tenant’s stock in trade, trade fixtures, furnishings, and
equipment; and Tenant shall commence the installation of the same promptly upon delivery to Tenant of possession of the Premises and Tenant shall diligently prosecute such installation to completion. 

10. Tenant’s Right to Place Signs: Tenant shall be permitted to install, at Tenant’s expense, exterior and interior signage to the maximum
extent permitted by law, provided that said signage is in compliance with and approved by all necessary state or local agencies having jurisdiction over the Premises, and otherwise in compliance with all regulations governing the placement of
property signs. Tenant shall submit its plans for signage to Landlord for approval. Landlord shall not unreasonably delay, condition or withhold its approval of Tenant’s signage. 

  
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 11. Notices: All notices to be given by either party to the other, pursuant to the provisions of this
Lease or of any applicable law, shall be given by certified mail, return receipt requested, or by overnight delivery service, e.g., Federal Express, addressed to the party for whom it is intended at the address stated below or at such other address
as the party may designate in writing. 
  

					
	 Tenant Notice Address:
	  	Trulieve, Inc.	  	
		  	6749 Ben Bostic Road	  	
		  	Quincy, FL 32351	  	
			
	 Landlord Notice Address:
	  	 One More Wish II, LLC
 178 Mary Nursery
Road
 Havana, FL 32333
	  	
			
	 With a copy to:
	  	 Daniel E. Manausa
 Manausa Law Firm, P.A.

1701 Hermitage Blvd, Suite 100
 Tallahassee, FL 32308
	  	

 12. Subordination of Lease to Encumbrances: This Lease and all of Tenant’s rights hereunder are and shall be
subordinate to any mortgage, deed of trust or deed to secure debt (“Mortgage”) upon the Building, whether such Mortgage is in existence as of the Effective Date hereof or created hereafter. The subordination provided for in this section is
self-operative, without the need for any further agreement to effect subordination of this Lease to any Mortgage. 
 13. Intentionally Deleted. 

14. Liens: Tenant shall keep the Premises and the Building free from any liens arising out of any work performed, material furnished, or obligations
incurred by Tenant. In accordance with the applicable provisions of the Florida Construction Lien Law and specifically Section 713.10, Florida Statutes, as may be amended from time to time, no interest of Landlord whether real or personal in
the Premises or in the Building or in the underlying land shall be subject to liens for repairs, improvements and/or alterations made by Tenant or caused to be made by Tenant hereunder. Further, Tenant acknowledges that Tenant, with respect to
repairs, improvements and/or alterations made by Tenant or caused to be made by Tenant hereunder, shall promptly notify the contractor performing such work of this provision exculpating Landlord from liability for such liens. Notwithstanding the
foregoing, if any mechanic’s lien or other lien, claim of lien, attachment, judgment, execution, writ, charge or encumbrance is filed against the Premises, the Building or this leasehold, or any alterations, fixtures or improvements therein or
thereof, as a result of any work performed by or at the direction of Tenant or any of Tenant’s agents, Tenant shall within thirty (30) business days following Tenant’s receipt of notice from Landlord of the imposition of the lien,
diligently pursue the cancellation or discharge of all such liens. In the event that (x) the lien causes the contractor to commence a foreclosure action against the Premises, or (y) the lien causes the Landlord’s lender to put the Landlord
in default under any loan documents ((x) or (y) being referred to as an “Urgent Lien Matter”), then Tenant shall cause such lien to be released of record by payment or posting of a bond within ten (10) business days of
Tenant’s 

  
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 receipt of notice of such Urgent Lien Matter. If Tenant fails to discharge as herein required, Tenant shall
be in default under this Lease. In such event, without waiving Tenant’s default, Landlord may discharge the same of record by payment, bonding or otherwise and may do so without giving Tenant further notice. Upon Landlord’s demand, Tenant
will promptly reimburse Landlord for all costs and expenses so incurred by Landlord. This right to cure shall be in addition to all other available rights and remedies available to Landlord. 

15. Eminent Domain: 
  

	 	(a)	 If the whole or any portion of the Premises, Building or parking areas shall be taken or condemned by any
competent authority for any public or quasi-public use or purpose and such taking substantially thwarts the intended use of the facility by Tenant, this Lease shall cease and terminate as of the date on which title shall vest thereby in that
authority. 

  

	 	(b)	 If a portion of the Premises shall be taken or condemned by any competent authority for any public or
quasi-public use or purpose and such taking does not negatively affect the ingress and egress to the Premises, or substantially thwart the intended use of the facility by Tenant, as reasonably determined by Tenant, this Lease and the terms hereof
shall not cease or terminate, but the Rent payable after the date on which Tenant shall be required to surrender possession of such portion shall be reduced in proportion to the decreased use suffered by Tenant as the parties may agree or as shall
be determined by arbitration. 

  

	 	(c)	 In the event of any taking or condemnation in whole or in part, the entire resulting award of damages shall
belong to Landlord without any deduction therefrom for the value of the unexpired term of this Lease or for any other estate or interest in the Premises now or later vested in Tenant Tenant assigns to Landlord all its right, title, and interest in
any and all such awards, except any award for the Tenant’s business damages. Tenant shall not be prohibited from pursuing its own action for business damages against the condemning authority. Landlord shall not be responsible to the Tenant for
any damages caused by the taking. 

 16. Intentionally Deleted. 

17. Quiet Enjoyment: Landlord represents and warrants that it owns the Premises in fee simple and that there are no ground leases on the Property.
Landlord covenants that if and so long as Tenant pays the Rent, and any additional rent due under this Lease and performs all covenants and conditions of this Lease, Tenant shall peaceably and quietly have, hold, and enjoy the Premises for the Term
of this Lease, subject to the provisions of this Lease. 
 18. Damage or Theft: Notwithstanding anything to the contrary in this Lease, except for
actions of Landlord, its employees and agents, Landlord shall not be liable in any manner for any loss, injury, or damage incurred by Tenant from acts of theft, burglary, or vandalism committed on, in or about the Premises. Tenant shall be
responsible for arranging any security precautions, including all costs thereof, that Tenant deems necessary for the safety of the personnel, agents, customers, independent contractors, invitees and property of Tenant located on, in or about the
Premises. 

  
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 19. Assignment and Sublease: Tenant shall not assign this Lease or sublet the Premises without first
obtaining Landlord’s written consent; Landlord may unreasonably withhold such consent. Any sublet of the Premises by Tenant shall be subject to the terms and conditions of this Lease. Any and all assignments or sublets shall not release Tenant
from any of its obligations under this Lease. Landlord may assign its rights and obligations under this Lease and sell and/or convey the Building and Premises without written permission from Tenant. 

20. Landlord’s Right to Show and Advertise Premises: Subject to the restrictions set forth in Section 11 above, Tenant shall, upon receiving
no less than twenty-four (24) hours’ written notice, permit Landlord or Landlord’s agent(s) to show the Premises to persons wishing to purchase or lease the Premises; provided, Landlord shall make reasonable efforts to undertake the
foregoing in a manner which does not interfere with Tenant’s medical practice. Landlord and/or Landlord’s agent(s) shall have the right at any time during the last three (3) months of the Term, to place notices on the Building or any
part thereof offering the Premises “For Lease” or “For Sale”. 
 21. Tenant’s Default or Breach: 

 

	 	(a)	 If any installment of Rent shall remain due and unpaid for five (5) days after it is due, or if Tenant
fails to perform any term, covenant or condition of this Lease on Tenant’s part to be observed or performed (other than the covenants for the payment of Rent), and Tenant fails to remedy such default within thirty (30) days after notice by
Landlord to Tenant of such default, or if such default is of such a nature that it cannot be completely remedied within such thirty (30) day period, if Tenant does not promptly commence and thereafter diligently prosecute to completion
performance of such term, covenant or condition of this Lease necessary to remedy the default, Landlord may, at its option upon ten (10) days after providing notice to Tenant (provided such breach or default still continues), elect any of the
following remedies: 

  

	 	i.	 Declare the entire balance of the Rent for the Term of this Lease immediately due and payable by the Tenant.

  

	 	ii.	 Terminate this Lease and collect whatever Rent is due and payable. 

 

	 	iii.	 Terminate Tenant’s right to possession of the Premises, and by summary proceedings enter the Premises,
remove all persons therein in accordance with applicable laws, and relet the Premises as the agent of the Tenant at such price and upon such terms and for such duration of time as Landlord may determine and receive the Rent therefore. In such event,
Landlord shall apply the same to the payment of the Rent due herein, and if the full rental herein provided shall not be realized by Landlord over and above the actual and reasonable expenses incurred to Landlord of such reletting, Tenant shall pay
any deficiency. Tenant expressly agrees that Landlord acquires rightful possession upon entry if Tenant breaches any agreement, covenant or condition of this Lease. 

  
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	 	iv.	 Terminate Tenant’s right to possession of the Premises by summary proceedings and collect any unpaid Rent
or other moneys due under this Lease, plus the difference between the value of the contract with the new Tenant and the present value of this Lease. 

  

	 	(b)	 Landlord’s election of one remedy under Section 21(a) does not preclude election of any other remedy
provided in this Lease provided that Landlord will use commercially reasonable efforts to mitigate its damages as required by law. All remedies provided for in this Lease are in addition to all those available to Landlord by statute, law or in
equity. LANDLORD AND TENANT KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM INVOLVING ANY MATTER WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH (A) THIS LEASE, (B) THE
RELATIONSHIP OF LANDLORD AND TENANT, (C) TENANT’S USE OR OCCUPANCY OF THE PREMISES, OR (D) THE RIGHT TO ANY STATUTORY RELIEF OR REMEDY. 

22. Holding Over: 
  

	 	(a)	 In the event of holding over by Tenant subsequent to the expiration or other termination of this Lease and
without Landlord’s written consent, Landlord shall have the option to treat Tenant as a tenant from month-to-month, subject to all of the provisions of this Lease
except the provision for the Term, and Tenant shall pay Landlord the maximum amount permitted by law for such holdover period. Failure of Tenant to remove fixtures, furniture, furnishings or trade fixtures which Tenant is required to remove under
this Lease within five (5) following the expiration of the Term shall constitute a failure to vacate to which this Section 22 shall apply so long as the property not removed will substantially interfere with occupancy of the Premises by
another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. 

  

	 	(b)	 If a month-to-month tenancy
results from a holdover by Tenant under this Section 22, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than fifteen (15) calendar days prior to the termination date
which shall be specified in the notice. Tenant hereby waives any notice which would otherwise be provided by law with respect to a month-to-month tenancy.

 23. Landlord’s Right to Cure Tenant’s Breach: If Tenant breaches any covenant or condition of this Lease, Landlord may,
on reasonable notice to Tenant, except that no notice need be given in case of emergency, cure such breach at the expense of Tenant. The reasonable amount of all expenses, including attorneys’ fees, incurred by Landlord in so doing, whether
paid by Landlord or not, shall be deemed additional rent payable on demand. 

  
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 24. Property Taxes and Insurance: 

 

	 	(a)	 Tenant shall purchase and maintain throughout the Term, special form-causes of loss insurance covering the
Premises on a replacement cost basis including all improvements made to the Building by Tenant, at commercially reasonable rates. Such insurance must be approved by Landlord and be maintained under valid and enforceable policies issued by insurers
of recognized responsibility, licensed to do business in the State of Florida. Tenant further agrees to pay the ad valorem property taxes on the Premises, on or before November 30th so that the
maximum discount is available. 

  

	 	(b)	 Liability Insurance: Tenant shall purchase and maintain in force during any term of this Lease, at
Tenant’s expense, public liability insurance adequate to protect against liability for bodily injury or property damage through public use of or arising out of accidents occurring in, on or about the Premises, in a minimum amount of One Million
Dollars ($1,000,000.00) for each person injured, One Million Dollars ($1,000,000.00) for any one accident, and One Million Dollars ($1,000,000.00) for property damage. On the date of this Lease or as soon as is practicable thereafter, Tenant shall
have delivered to Landlord a certificate of insurance evidencing this coverage. Thereafter, Tenant shall provide to Landlord evidence of this coverage on a quarterly basis. The certificate of insurance will include insurer’s agreement to notify
Landlord in writing at least ten (10) calendar days prior to cancellation or refusal to renew any policy. Landlord shall be included as an additional insured under the insurance policy required in this Subsection (b). 

 

	 	(c)	 Tenant shall purchase and maintain in effect during the initial Term of this Lease, at Tenant’s expense, a
policy or policies of insurance providing insurance coverage for all property of Tenant located in, on or about the Premises. 

 25.
Prohibition Against Activities Increasing Fire Insurance Rates: Tenant shall not do or cause anything to be done on the Premises that will cause an increase in the rate of fire insurance on the Building. 

26. Attornment: In the event Landlord or any successor owner of the Premises shall sell or otherwise convey the Premises, all liabilities and
obligations on the part of the Landlord or successor owner under this Lease accruing thereafter shall terminate and thereupon all such liabilities and obligations shall be binding upon the new owner. Tenant shall attorn to such new owner. 

27. Time of the Essence: Time is of the essence of each and every provision, covenant, and condition contained in this Lease. 

28. Binding Effect on Successors and Assigns: The covenants and agreements contained in this Lease shall be binding on the parties to this Lease and on
their respective successors, heirs, executors, administrators, and assigns. 

  
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 29. Liability and Indemnification: Tenant agrees to assume all liability for any injury or damages
that may arise from any accident or event that occurs on or about the Premises. During the Initial Term of this Lease and any extensions or renewals thereof and following termination of this Lease, Tenant shall indemnify Landlord and its directors,
officers, members, managers, employees and agents and save such persons harmless from and against any and all claims, actions, damages, liability and expense including reasonable attorney’s fees and costs, in connection with loss of life,
personal injury or damage to the property which occur on or about the Premises. In the event Landlord shall be made a party to any litigation as a result of the foregoing, then Tenant shall protect and hold Landlord harmless and shall pay all costs,
expenses and reasonable attorney’s fees incurred or paid by Landlord in connection with such litigation. 
 30. Estoppel Certificate: From time
to time, each of Landlord and Tenant, on not less than fifteen (15) days’ prior notice, shall execute and deliver to the other an estoppel certificate certified to the requesting party and any mortgagee or prospective mortgagee, purchaser
of the Building or any prospective assignee of Tenant’s interest in the Lease providing (i) a description of any renewal or expansion options, if any; (ii) the amount of rent currently and actually paid by Tenant under this Lease;
(iii) that the Lease is in full force and effect as modified; (iv) Tenant is (or is not) in possession of the Premises; (v) stating whether either Landlord or Tenant is in default under the Lease and, if so, summarizing such
default(s); and (vi) stating whether Landlord or Tenant has any offsets or claims against the other party and, if so, specifying with particularity the nature and amount of such offset or claim. 

31. Force Majeure: Whenever a period of time is herein prescribed by action to be taken by either party, such party shall not be liable, or responsible
for, and there shall be excluded from the computation for any such period of time, any delays due to strikes, lockouts or other labor disputes; inability to obtain labor or materials or reasonable substitutes therefor, catastrophic events, natural
disasters, acts of war (declared or undeclared), act of terrorism, acts of God or any other causes of any kind whatsoever which are beyond the control of Landlord and/or Tenant. 

32. Attorney’s Fees and Costs: Should suit be brought for the recovery of possession of the Premises, or for Rent or any other sum due Landlord
under this Lease, or because of the breach of any of Tenant’s or Landlord’s covenants under this Lease, the prevailing party shall be entitled to recover its reasonable attorney’s fees and costs, including such fees and costs on
appeal. 
 33. Brokers: Landlord and Tenant represent and warrant that they neither consulted nor negotiated with any broker or finder regarding the
Premises. Landlord and Tenant agree to indemnify, defend, and save the other harmless from and against any claims for fees or commissions from anyone with whom they have dealt in connection with the Premises or this Lease including reasonable
attorneys’ fees incurred in defending any claim. 
 34. Limitation of Liability: Landlord’s obligations and liability with respect to this
Lease shall be limited solely to Landlord’s interest in the Premises (together with the sale proceeds, rental revenues, insurance proceeds and condemnation awards), as such interest is constituted from time to time, and neither Landlord nor any
officer, director, shareholder, manager, member or partner of Landlord shall have any personal liability whatsoever with respect to this Lease. 

  
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 35. Effect of Failure to Insist on Strict Compliance with Conditions: The failure of either party to
insist on strict performance of any covenant or condition of this Lease shall not be construed as a waiver of such covenant, condition, or option in any other instance. 

36. Intentionally Deleted. 
 37. Counterparts: This
Lease may be executed in one or more counterparts, each of which will be an original, and all of which constitutes one and the same Lease. 
 38.
Landlord’s Performance of Tenant’s Obligations: The performance by Landlord of any obligation required of Tenant under this Lease will not be construed to modify this Lease, nor will it create any obligation on the part of Landlord
with respect to any performance required of Tenant under this Lease, whether Landlord’s performance was undertaken with the knowledge that Tenant was obligated to perform, or whether Landlord’s performance was undertaken as a result of
mistake or inadvertence. 
 39. Lease Not an Offer: This Lease is not an offer to lease and will not be binding unless signed by both parties
resulting in Landlord possessing a fully signed Lease. 
 40. Authority of Parties: Each party warrants that it is authorized to enter into this
Lease, that the person signing on its behalf is duly authorized to execute this Lease, and that no other signatures are necessary. 
 41. Miscellaneous
Provisions: This Lease shall be governed by Florida law and constitutes the entire agreement between Landlord and Tenant regarding the leasing of the Premises. This Lease shall only be amended by a written instrument which is fully executed by
the parties to this Lease. Any headings preceding the text of the sections and subsections hereof are inserted solely for convenience of reference and shall not be determinative as to the meaning or effect of the particular sections and subsections.
This Lease shall not be construed more strongly against the party responsible for drafting this Lease. Venue for any litigation involving this Lease shall be in Leon County, Florida. 

 

					
	Executed by the parties as of the date provided above.	 		  	LANDLORD:
			
		 		  	ONE MORE WISH II, LLC
			
	/s/ Angale T. Parlin	 		  	By: Longleaf Holdings of North Florida LLC
	 Witness One Signature,

 
	 		  	Its: Manager
	 /s/ Angale T. Parlin

Witness One Printed Name
  
	 		  	 /s/ Ashley F. May

	/s/ Denee L. Love	 		  	By: Ashley F. May
	 Witness Two Signature
	 		  	Its: Manager
			
	 Denee L. Love
	 		  	
	 Witness Two Printed Name
	 		  	

  
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		 		  	 TENANT:
  

	 		  	TRULIEVE, INC.
			
		 		  	/s/ Kim Rivers
		 		  	  

	 /s/ Marsha Follmar
	 		  	
	 Witness One Signature
	 		  	 By: Kim Rivers

		 		  	Its: CEO
	 /s/ Marsha Follmar
	 		  	
	Witness One Printed Name	 		  	
			
	 /s/ Denee L. Love
	 		  	
	Witness Two Signature	 		  	
			
	 /s/ Denee L. Love
	 		  	
	Witness Two Printed Name	 		  	

  
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 Exhibit “A” 

 

			
	 Location:
	  	3494 Martin Hurst Rd Tallahassee FL 32312
		
	 Parcel ID:
	  	1108510090902

 Rent Schedule 

3494 Martin Hurst Rd 
  

																			
	 	 	 	Due Date	 	 	Amount Due	 	 	Sales Tax
Subject to Change
7.50%	 	 	Total	 
	 	1	 	 	 	10/1/18	 	 	$	25,500.00	 	 	$	1,912.50	 	 	$	27,412.50	 
	 	2	 	 	 	11/1/18	 	 	$	12,750.00	 	 	$	956.25	 	 	$	 13,706.25	 
	 	3	 	 	 	12/1/18	 	 	$	12,750.00	 	 	$	956.25	 	 	$	13,706.25	 
	 	4	 	 	 	1/1/19	 	 	$	12,750.00	 	 	$	956.25	 	 	$	 13,706.25	 
	 	5	 	 	 	2/1/19	 	 	$	12,750.00	 	 	$	956.25	 	 	$	13,706.25	 
	 	6	 	 	 	3/1/19	 	 	$	12,750.00	 	 	$	956.25	 	 	$	13,706.25	 
	 	7	 	 	 	4/1/19	 	 	$	12,750.00	 	 	$	956.25	 	 	$	13,706.25	 
	 	8	 	 	 	5/1/19	 	 	$	12,750.00	 	 	$	956.25	 	 	$	13,706.25	 
	 	9	 	 	 	6/1/19	 	 	$	12,750.00	 	 	$	956.25	 	 	$	13,706.25	 
	 	10	 	 	 	7/1/19	 	 	$	12,750.00	 	 	$	956.25	 	 	$	13,706.25	 
	 	11	 	 	 	8/1/19	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	12	 	 	 	9/1/19	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	13	 	 	 	10/1/19	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	14	 	 	 	11/1/19	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	15	 	 	 	12/1/19	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	16	 	 	 	1/1/20	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	17	 	 	 	2/1/20	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	18	 	 	 	3/1/20	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	19	 	 	 	4/1/20	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	20	 	 	 	5/1/20	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	21	 	 	 	6/1/20	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	22	 	 	 	7/1/20	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	23	 	 	 	8/1/20	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	24	 	 	 	9/1/20	 	 	$	13,005.00	 	 	$	975.38	 	 	$	13,980.38	 
	 	25	 	 	 	10/1/20	 	 	$	13,265.10	 	 	$	994.88	 	 	$	14,259.98	 
	 	26	 	 	 	11/1/20	 	 	$	13,265.10	 	 	$	994.88	 	 	$	14,259.98	 
	 	27	 	 	 	12/1/20	 	 	$	13,265.10	 	 	$	994.88	 	 	$	14,259.98	 
	 	28	 	 	 	1/1/21	 	 	$	13,265.10	 	 	$	994.88	 	 	$	14,259.98	 
	 	29	 	 	 	2/1/21	 	 	$	13,265.10	 	 	$	994.88	 	 	$	14,259.98	 
	 	30	 	 	 	3/1/21	 	 	$	13,265.10	 	 	$	994.88	 	 	$	14,259.98	 
	 	31	 	 	 	4/1/21	 	 	$	13,265.10	 	 	$	994.88	 	 	$	14,259.98	 
	 	32	 	 	 	5/1/21	 	 	$	13,265.10	 	 	$	994.88	 	 	$	14,259.98	 
	 	33	 	 	 	6/1/21	 	 	$	13,265.10	 	 	$	994.88	 	 	$	14,259.98	 
	 	34	 	 	 	7/1/21	 	 	$	13,265.10	 	 	$	994.88	 	 	$	14,259.98	 
	 	35	 	 	 	8/1/21	 	 	$	13,265.10	 	 	$	994.88	 	 	$	14,259.98	 
	 	36	 	 	 	9/1/21	 	 	$	13,265.10	 	 	$	994.88	 	 	$	14,259.98	 
	 	37	 	 	 	10/1/21	 	 	$	13,530.40	 	 	$	1,014.78	 	 	$	14,545.18	 
	 	38	 	 	 	11/1/21	 	 	$	13,530.40	 	 	$	1,014.78	 	 	$	14,545.18	 

																			
	 	39	 	 	 	12/1/21	 	 	$	13,530.40	 	 	$	1,014.78	 	 	$	14,545.18	 
	 	40	 	 	 	1/1/22	 	 	$	13,530.40	 	 	$	1,014.78	 	 	$	14,545.18	 
	 	41	 	 	 	2/1/22	 	 	$	13,530.40	 	 	$	1,014.78	 	 	$	14,545.18	 
	 	42	 	 	 	3/1/22	 	 	$	13,530.40	 	 	$	1,014.78	 	 	$	14,545.18	 
	 	43	 	 	 	4/1/22	 	 	$	13,530.40	 	 	$	1,014.78	 	 	$	14,545.18	 
	 	44	 	 	 	5/1/22	 	 	$	13,530.40	 	 	$	1,014.78	 	 	$	14,545.18	 
	 	45	 	 	 	6/1/22	 	 	$	13,530.40	 	 	$	1,014.78	 	 	$	14,545.18	 
	 	46	 	 	 	7/1/22	 	 	$	13,530.40	 	 	$	1,014.78	 	 	$	14,545.18	 
	 	47	 	 	 	8/1/22	 	 	$	13,530.40	 	 	$	1,014.78	 	 	$	14,545.18	 
	 	48	 	 	 	9/1/22	 	 	$	13,530.40	 	 	$	1,014.78	 	 	$	14,545.18	 
	 	49	 	 	 	10/1/22	 	 	$	13,801.01	 	 	$	1,035.08	 	 	$	14,836.08	 
	 	50	 	 	 	11/1/22	 	 	$	13,801.01	 	 	$	1,035.08	 	 	$	14,836.09	 
	 	51	 	 	 	12/1/22	 	 	$	13,801.01	 	 	$	1,035.08	 	 	$	14,836.09	 
	 	52	 	 	 	1/1/23	 	 	$	13,801.01	 	 	$	1,035.08	 	 	$	14,836.09	 
	 	53	 	 	 	2/1/23	 	 	$	13,801.01	 	 	$	1,035.08	 	 	$	14,836.09	 
	 	54	 	 	 	3/1/23	 	 	$	13,801.01	 	 	$	1,035.08	 	 	$	14,836.09	 
	 	55	 	 	 	4/1/23	 	 	$	13,801.01	 	 	$	1,035.08	 	 	$	14,836.09	 
	 	56	 	 	 	5/1/23	 	 	$	13,801.01	 	 	$	1,035.08	 	 	$	14,836.09	 
	 	57	 	 	 	6/1/23	 	 	$	13,801.01	 	 	$	1,035.08	 	 	$	14,836.09	 
	 	58	 	 	 	7/1/23	 	 	$	13,801.01	 	 	$	1,035.08	 	 	$	14,836.09	 
	 	59	 	 	 	8/1/23	 	 	$	13,801.01	 	 	$	1,035.08	 	 	$	14,836.09	 
	 	60	 	 	 	9/1/23	 	 	$	13,801.01	 	 	$	1,035.08	 	 	$	14,836.09	 
	 	61	 	 	 	10/1/23	 	 	$	14,077.03	 	 	$	1,055.78	 	 	$	15,132.81	 
	 	62	 	 	 	11/1/23	 	 	$	14,077.03	 	 	$	1,055.78	 	 	$	15,132.81	 
	 	63	 	 	 	12/1/23	 	 	$	14,077.03	 	 	$	1,055.78	 	 	$	15,132.81	 
	 	64	 	 	 	1/1/24	 	 	$	14,077.03	 	 	$	1,055.78	 	 	$	15,132.81	 
	 	65	 	 	 	2/1/24	 	 	$	14,077.03	 	 	$	1,055.78	 	 	$	15,132.81	 
	 	66	 	 	 	3/1/24	 	 	$	14,077.03	 	 	$	1,055.78	 	 	$	15,132.81	 
	 	67	 	 	 	4/1/24	 	 	$	14,077.03	 	 	$	1,055.78	 	 	$	15,132.81	 
	 	68	 	 	 	5/1/24	 	 	$	14,077.03	 	 	$	1,055.78	 	 	$	15,132.81	 
	 	69	 	 	 	6/1/24	 	 	$	14,077.03	 	 	$	1,055.78	 	 	$	15,132.81	 
	 	70	 	 	 	7/1/24	 	 	$	14,077.03	 	 	$	1,055.78	 	 	$	15,132.81	 
	 	71	 	 	 	8/1/24	 	 	$	14,077.03	 	 	$	1,055.78	 	 	$	15,132.81	 
	 	72	 	 	 	9/1/24	 	 	$	14,077.03	 	 	$	1,055.78	 	 	$	15,132.81	 
	 	73	 	 	 	10/1/24	 	 	$	14,358.57	 	 	$	1,076.89	 	 	$	15,435.46	 
	 	74	 	 	 	11/1/24	 	 	$	14,358.57	 	 	$	1,076.89	 	 	$	15,435.46	 
	 	75	 	 	 	12/1/24	 	 	$	14,358.57	 	 	$	1,076.89	 	 	$	15,435.46	 
	 	76	 	 	 	1/1/25	 	 	$	14,358.57	 	 	$	1,076.89	 	 	$	15,435.46	 
	 	77	 	 	 	2/1/25	 	 	$	14,358.57	 	 	$	1,076.89	 	 	$	15,435.46	 
	 	78	 	 	 	3/1/25	 	 	$	14,358.57	 	 	$	1,076.89	 	 	$	15,435.46	 
	 	79	 	 	 	4/1/25	 	 	$	14,358.57	 	 	$	1,076.89	 	 	$	15,435.46	 
	 	80	 	 	 	5/1/25	 	 	$	14,358.57	 	 	$	1,076.89	 	 	$	15,435.46	 
	 	81	 	 	 	6/1/25	 	 	$	14,358.57	 	 	$	1,076.89	 	 	$	15,435.46	 
	 	82	 	 	 	7/1/25	 	 	$	14,358.57	 	 	$	1,076.89	 	 	$	15,435.46	 
	 	83	 	 	 	8/1/25	 	 	$	14,358.57	 	 	$	1,076.89	 	 	$	15,435.46	 

																			
	 	84	 	 	 	9/1/25	 	 	$	14,358.57	 	 	$	1,076.89	 	 	$	15,435.46	 
	 	85	 	 	 	10/1/25	 	 	$	14,645.74	 	 	$	1,098.43	 	 	$	15,744.17	 
	 	86	 	 	 	11/1/25	 	 	$	14,645.74	 	 	$	1,098.43	 	 	$	15,744.17	 
	 	87	 	 	 	12/1/25	 	 	$	14,645.74	 	 	$	1,098.43	 	 	$	15,744.17	 
	 	88	 	 	 	1/1/26	 	 	$	14,645.74	 	 	$	1,098.43	 	 	$	15,744.17	 
	 	89	 	 	 	2/1/26	 	 	$	14,645.74	 	 	$	1,098.43	 	 	$	15,744.17	 
	 	90	 	 	 	3/1/26	 	 	$	14,645.74	 	 	$	1,098.43	 	 	$	15,744.17	 
	 	91	 	 	 	4/1/26	 	 	$	14,645.74	 	 	$	1,098.43	 	 	$	15,744.17	 
	 	92	 	 	 	5/1/26	 	 	$	14,645.74	 	 	$	1,098.43	 	 	$	15,744.17	 
	 	93	 	 	 	6/1/26	 	 	$	14,645.74	 	 	$	1,098.43	 	 	$	15,744.17	 
	 	94	 	 	 	7/1/26	 	 	$	14,645.74	 	 	$	1,098.43	 	 	$	15,744.17	 
	 	95	 	 	 	8/1/26	 	 	$	14,645.74	 	 	$	1,098.43	 	 	$	15,744.17	 
	 	96	 	 	 	9/1/26	 	 	$	14,645.74	 	 	$	1,098.43	 	 	$	15,744.17	 
	 	97	 	 	 	10/1/26	 	 	$	14,938.65	 	 	$	1,120.40	 	 	$	16,059.05	 
	 	98	 	 	 	11/1/26	 	 	$	14,938.65	 	 	$	1,120.40	 	 	$	16,059.05	 
	 	99	 	 	 	12/1/26	 	 	$	14,938.65	 	 	$	1,120.40	 	 	$	16,059.05	 
	 	100	 	 	 	1/1/27	 	 	$	14,938.65	 	 	$	1,120.40	 	 	$	16,059.05	 
	 	101	 	 	 	2/1/27	 	 	$	14,938.65	 	 	$	1,120.40	 	 	$	16,059.05	 
	 	102	 	 	 	3/1/27	 	 	$	14,938.65	 	 	$	1,120.40	 	 	$	16,059.05	 
	 	103	 	 	 	4/1/27	 	 	$	14,938.65	 	 	$	1,120.40	 	 	$	 16,059.05	 
	 	104	 	 	 	5/1/27	 	 	$	14,938.65	 	 	$	1,120.40	 	 	$	16,059.05	 
	 	105	 	 	 	6/1/27	 	 	$	14,938.65	 	 	$	1,120.40	 	 	$	16,059.05	 
	 	106	 	 	 	7/1/27	 	 	$	14,938.65	 	 	$	1,120.40	 	 	$	16,059.05	 
	 	107	 	 	 	8/1/27	 	 	$	14,938.65	 	 	$	1,120.40	 	 	$	16,059.05	 
	 	108	 	 	 	9/1/27	 	 	$	14,938.65	 	 	$	1,120.40	 	 	$	 16,059.05	 
	 	109	 	 	 	10/1/27	 	 	$	15,237.42	 	 	$	1,142.81	 	 	$	16,380.23	 
	 	110	 	 	 	11/1/27	 	 	$	15,237.42	 	 	$	1,142.81	 	 	$	 16,380.23	 
	 	111	 	 	 	12/1/27	 	 	$	15,237.42	 	 	$	1,142.81	 	 	$	16,380.23	 
	 	112	 	 	 	1/1/28	 	 	$	15,237.42	 	 	$	1,142.81	 	 	$	16,380.23	 
	 	113	 	 	 	2/1/28	 	 	$	15,237.42	 	 	$	1,142.81	 	 	$	16,380.23	 
	 	114	 	 	 	3/1/28	 	 	$	15,237.42	 	 	$	1,142.81	 	 	$	16,380.23	 
	 	115	 	 	 	4/1/28	 	 	$	15,237.42	 	 	$	1,142.81	 	 	$	.16,380.23	 
	 	116	 	 	 	5/1/28	 	 	$	15,237.42	 	 	$	1,142.81	 	 	$	16,380.23	 
	 	117	 	 	 	6/1/28	 	 	$	15,237.42	 	 	$	1,142.81	 	 	$	 16,380.23	 
	 	118	 	 	 	7/1/28	 	 	$	15,237.42	 	 	$	1,142.81	 	 	$	16,380.23	 
	 	119	 	 	 	8/1/28	 	 	$	15,237.42	 	 	$	1,142.81	 	 	$	 16,380.23	 
	 	120	 	 	 	9/1/28	 	 	$	15,237.42	 	 	$	1,142.81	 	 	$	16,380.23EX-10.13

 Exhibit 10.13 

LOAN AND SECURITY AGREEMENT 

This Loan and Security Agreement (this “Agreement”), dated as of May 24, 2018, is by and among the entities listed on
the signature pages hereto under the caption “Borrower” (individually and collectively, “Borrower), and Traunch Four, LLC (together with its successors and assigns, the “Lender”). 

RECITALS: 

WHEREAS, the Borrower has requested that the Lender provide the Borrower with certain capital, to support the construction and
equipping of various grow facilities in Quincy, Florida 
 WHEREAS, the Lender is willing to make such loans to the Borrower, upon
the terms and provisions and subject to the conditions set forth herein. 
 NOW, THEREFORE, in consideration of the mutual agreements
contained herein, and of any loans now or hereafter made to or for the benefit of the Borrower by the Lender, and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto
(intending to be legally bound) hereby agree as follows: 
  

	 	1.	 LOAN; INTEREST; FEES. 

1.1 Loans. (a) On the terms and subject to the conditions set forth in this Agreement, the Lender agrees to make 1 loans
(“Loan”) to the Borrower each in the amount of Six Million US Dollars and No Cents ($6,000,000.00) (Loans to occur on May ___, 2018). 

1.2 Interest. (a) The Borrower agrees to pay to the Lender interest on the daily outstanding principal balance of Twelve Percent
Per Annum (12%) paid in US dollars. 
 (b) Accrued interest on the Loan shall be payable in arrears on the first calendar day of each month
and at maturity, commencing with the first day of the calendar month after the purchase of such real estate. 
 1.3 Principal.
Borrower shall pay Six Million Dollars and No Cents ($6,000,000.00) in one payments of principal, as follows: 
 (i) May ___, 2020 -
$6,000,000.00 
 1.4 Stock. In consideration for the loan George Hackney, Inc. shall issue one percent (1%) of its total share(s)
which is sixty-five and seventy-eight hundredths shares (64.77 shares) of stock to Traunch Four, LLC. These shares of stock shall contain sale restrictions of six months after a go public event. 

 1.5 Term of this Agreement. The Borrower shall have the right to terminate this
Agreement following prepayment of all of the Liabilities, the remaining interest on the note to the full term is not owed only interest from the date of the funding to the date of prepayment is owed. This loan shall terminate no later than May ____,
2020. 
 1.6 Optional Prepayment of Loans. Borrower may, at its option, prepay, without penalty or premium at any time during the term
of this Agreement all or any portion of the Loans. 
 1.7 Limitation on Charges. It being the intent of the parties that the rate of
interest and all other charges to the Borrower be lawful, if for any reason the payment of a portion of the interest or other charges otherwise required to be paid under this Agreement would exceed the limit which the Lender may lawfully charge the
Borrower, then the obligation to pay interest or other charges shall automatically be reduced to such limit and, if any amounts in excess of such limit shall have been paid, then such amounts shall at the sole option of the Lender either be refunded
to the Borrower or credited to the principal amount of the Liabilities (or any combination of the foregoing) so that under no circumstances shall the interest or other charges required to be paid by the Borrower hereunder exceed the maximum rate
allowed by applicable law, and Borrower shall not have any action against Lender for any damages arising out of the payment or collection of any such excess interest. 
  

	 	2.	 CONDITIONS OF LOANS. 

2.1 Conditions to all Loans. Notwithstanding any other term or provision contained in this Agreement, the making of any Loan provided
for in this Agreement shall be conditioned upon the following: 
 (a) Financial Condition. No Material Adverse Change or material
adverse change, as determined by the Lender in its reasonable discretion, in the prospects of Borrower shall have occurred at any time or times subsequent to the most recent request for any Loan under this Agreement. 

(b) No Default. Neither a Default nor an Event of Default shall have occurred and be continuing. 

(c) Other Requirements. The Lender shall have received, in form and substance reasonably satisfactory to the Lender, all certificates,
orders, authorities, consents, affidavits, schedules, instruments, agreements, financing statements, and other documents which are provided for hereunder, or which the Lender may at any time reasonably request. 

 

	 	3.	 REPRESENTATIONS AND WARRANTIES. 

The Borrower represents and warrants that as of the date of this Agreement, and continuing as long as any Liabilities (other than contingent
indemnification obligations) remain outstanding, and (even if there shall be no such Liabilities outstanding) as long as this Agreement remains in effect: 

  
 2 

 3.1 Existence. The Borrower is a limited liability company or corporation, as the
case may be, duly formed or incorporated, as the case may be, validly existing and in good standing under the laws of the Applicable State. If applicable, the Borrower is duly qualified and in good standing as a foreign limited liability company or
corporation authorized to do business in each jurisdiction where such qualification is required because of the nature of its activities or properties. The Borrower has all requisite limited liability company or corporate power to carry on its
business as now being conducted and as proposed to be conducted. All of the issued and outstanding membership interests and capital stock of Borrower are duly authorized and validly issued, fully paid, and free and clear of all Liens, and such
securities were issued in compliance with all applicable state and federal laws concerning the issuance of securities. None of such membership interests in the Borrower is certificated. 

3.2 Corporate Authority. The execution and delivery by the Borrower of this Agreement and all of the other Financing Agreements to which
Borrower is a party and the performance of its obligations hereunder and thereunder: (i) are within its limited liability company or corporate powers; (ii) are duly authorized by the members, stockholders, managers and board of directors
of the Borrower; and (iii) are not in contravention of the terms of its respective Operating Agreement or Bylaws, or of any indenture, agreement or undertaking to which it is a party or by which it or any of its property is bound. The execution
and delivery by the Borrower of this Agreement and all of the other Financing Agreements to which it is a party and the performance of its obligations hereunder and thereunder: (i) do not require any governmental consent, registration or
approval; (ii) do not contravene any contractual or governmental restriction binding upon it; and (iii) will not, except in favor of Lender, result in the imposition of any Lien upon any property of Borrower under any existing indenture,
mortgage, deed of trust, loan or credit agreement or other material agreement or instrument to which it is a party or by which it or any of its property may be bound or affected. 

3.3 Binding Effect. This Agreement and all of the other Financing Agreements to which the Borrower is a party are the legal, valid and
binding obligations of the Borrower and are enforceable against the Borrower in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditor’s
rights and remedies generally. 
 3.4 Financial Data. 

(a) All income statements, balance sheets, cash flow statements, statements of operations, financial statements, and other financial data which
have been or shall hereafter be furnished to the Lender for the purposes of or in connection with this Agreement do and will present fairly in all material respects in accordance with GAAP, consistently applied, the financial condition of the
Borrower as of the dates thereof and the results of its operations for the period(s) covered thereby. 
 (b) During the Interim Period, there
has been no Material Adverse Change with respect to Borrower. 

  
 3 

 3.5 Solvency. After giving effect to this Agreement, the Borrower is solvent, is able
to pay its debts as they mature or become due, has capital sufficient to carry on its business and all businesses in which it is about to engage, and now owns assets and property having a value both at fair valuation and at present fair saleable
value on a going concern basis (as determined in a manner and based upon assumptions satisfactory to the Lender in its reasonable determination) greater than the amount required to pay all of its debts and liabilities, including, without limitation,
all of the Liabilities. The Borrower will not be rendered insolvent by the execution and delivery of this Agreement or any Financing Agreement, or by completion of the transactions contemplated hereunder or thereunder. 

3.6 Principal Place of Business; State of Formation. As of the Closing Date, the principal place of business and chief executive office
of Borrower is 24671 US Highway 19 N, Clearwater, Florida 33763. The books and records of the Borrower and all records of account are located at the principal place of business and chief executive office of the Borrower. The Borrower’s state of
formation/incorporation is the Applicable State. 
 3.7 Subsidiaries. The Borrower has no subsidiaries. 

3.8 Other Agreements. The Borrower is not in default under or in breach of any material agreement, contract, lease, or commitment to
which it is a party or by which it is bound. The Borrower does not know of any dispute regarding any agreement, contract, instrument, lease or commitment which could reasonably be expected to have a Material Adverse Effect. 

3.9 Compliance with Laws and Regulations. The execution and delivery by the Borrower of this Agreement and all of the other Financing
Agreements to which it is a party and the performance of the Borrower’s obligations hereunder and thereunder are not in contravention of any law, rule or regulation, including, without limitation, Healthcare Laws. The Borrower has obtained all
licenses, authorizations, approvals, licenses and permits necessary in connection with the operation of its business. The Borrower is in compliance with all laws, orders, rules, regulations and ordinances of all federal, foreign, state and local
Governmental Authorities applicable to it and its business, operations, property, and assets, except to the extent any such non-compliance could reasonably be expected to not result in a Material Adverse
Effect. 
 3.10 Intellectual Property. The Borrower does not own or otherwise possess any patents, patent applications, copyrights,
trademarks, trademark applications, trade names, or service marks. To the Borrower’s best knowledge, none of its intellectual property infringes on the rights of any other Person. 

3.11 Disclosure. None of the representations or warranties made by the Borrower herein or in any Financing Agreement to which the
Borrower is a party and no other written information provided by the Borrower or its representatives to the Lender contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements therein, in light
of the circumstances under which they were made, not misleading (provided that with respect to projections, Borrower represents only that they are based on reasonable assumptions and good faith estimates). The Borrower has disclosed to the Lender
all facts of which the Borrower has knowledge which might result in a Material Adverse Effect either prior or subsequent to the consummation of the transactions contemplated hereby or which at any time hereafter might result in a Material Adverse
Effect. 

  
 4 

 3.12 Pension Related Matters. Each employee pension plan (other than a multiemployer
plan within the meaning of Section 3(37) of ERISA and to which the Borrower or any ERISA Affiliate has or had any obligation to contribute (a “Multiemployer Plan”)) maintained by the Borrower or any of its ERISA Affiliates to
which Title IV of ERISA applies and (a) which is maintained for employees of the Borrower or any of its ERISA Affiliates or (b) to which the Borrower or any of its ERISA Affiliates made, or was required to make, contributions at any time
within the preceding five (5) years (a “Plan”), complies, and is administered in accordance, with its terms and all material applicable requirements of ERISA and of the Internal Revenue Code of 1986, as amended, and any
successor statute thereto (the “Tax Code”), and with all material applicable rulings and regulations issued under the provisions of ERISA and the Tax Code setting forth those requirements. No “Reportable Event” or
“Prohibited Transaction” (as each is defined in ERISA) or withdrawal from a Multiemployer Plan caused by the Borrower has occurred and no funding deficiency described in Section 302 of ERISA caused by the Borrower exists with respect
to any Plan or Multiemployer Plan which could have a Material Adverse Effect. If and to the extent applicable, the Borrower and each ERISA Affiliate has satisfied all of their respective funding standards applicable to such Plans and Multiemployer
Plans under Section 302 of ERISA and Section 412 of the Tax Code and the Pension Benefit Guaranty Corporation and any entity succeeding to any or all of its functions under ERISA (“PBGC”) has not instituted any
proceedings, and there exists no event or condition caused by the Borrower which would constitute grounds for the institution of proceedings by PBGC, to terminate any Plan or Multiemployer Plan under Section 4042 of ERISA which could have a
Material Adverse Effect. 
 3.13 Business of Borrower. The Borrower is an entity that is licensed by the State of Florida to grow,
manufacture and dispense medical cannabis. 
 3.14 HIPAA. Borrower has not received any notice from any Governmental Authority that
such Governmental Authority has imposed or intends to impose any enforcement actions, fines or penalties for any failure or alleged failure to comply with HIPAA. 

3.15 USA Patriot Act. Borrower represents and warrants to Lender that neither the Borrower nor any of its Affiliates is identified in
any list of known or suspected terrorists published by any United States government agency (collectively, as such lists may be amended or supplemented from time to time, referred to as the “Blocked Persons Lists”) including, without
limitation, (a) the annex to Executive Order 13224 issued on September 23, 2001, and (b) the Specially Designated Nationals List published by the Office of Foreign Assets Control. 

 

	 	4.0	 USE OF PROCEEDS. 

4.1 Use of Proceeds. The Borrower shall use the proceeds of the Loan for the purpose of constructing cannabis growing facilities and
equipment. 

  
 5 

	 	5.0	 MISCELLANEOUS. 

5.1 Waiver. The Lender’s failure, at any time or times hereafter, to require strict performance by the Borrower of any provision of
this Agreement shall not waive, affect or diminish any right of the Lender thereafter to demand strict compliance and performance therewith. Any suspension or waiver by the Lender of an Event of Default under this Agreement or a default under any of
the other Financing Agreements shall not suspend, waive or affect any other Event of Default under this Agreement or any other default under any of the other Financing Agreements, whether the same is prior or subsequent thereto and whether of the
same or of a different kind or character. None of the undertakings, agreements, warranties, covenants and representations of the Borrower contained in this Agreement or any of the other Financing Agreements and no Event of Default under this
Agreement or default under any of the other Financing Agreements shall be deemed to have been suspended or waived by the Lender unless such suspension or waiver is in writing signed by an officer of the Lender, and directed to the Borrower
specifying such suspension or waiver. 
 5.2 Assignability; Parties. This Agreement (including, without limitation, any and all of the
Borrower’s rights, obligations and liabilities hereunder) may not be assigned by (a) the Borrower without the prior written consent of the Lender, or (b) the Lender without the prior written consent of the Borrower, such consent not
to be unreasonably withheld, conditioned or delayed, provided that no such consent shall be required if an Event of Default exists. 
 5.3
Severability; Construction. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid
under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions of this Agreement. The parties hereto have participated
jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof
shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 
 5.4 Equitable
Relief. The Borrower recognizes that, in the event the Borrower fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy at law may prove to be inadequate relief to the Lender; therefore, the
Borrower agrees that the Lender, if the Lender so requests, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages. 

5.5 Entire Agreement. This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof, and
supersedes all prior written or oral understandings, discussions and agreements with respect thereto (including, without limitation, any term sheet or commitment letter). This Agreement may be amended or modified only by mutual agreement of the
parties evidenced in writing and signed by the party to be charged therewith. Time is of the essence hereof with respect to the Borrower’s obligations hereunder. The Recitals hereto are hereby incorporated into this Agreement by this reference
thereto. 
 5.6 Indemnity. The Borrower agrees to defend, protect, indemnify and hold harmless the Lender and each and all of its
officers, directors, employees, attorneys, affiliates, parent entity, agents, successors and assigns (collectively, “Indemnified Parties”) from and against any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, claims, costs, expenses and disbursements of any kind or nature whatsoever (including, without limitation, the 

  
 6 

 
fees and disbursements of counsel for the Indemnified Parties in connection with any investigative, administrative or judicial proceeding, whether or not the Indemnified Parties shall be
designated by a party thereto, or otherwise), which may be imposed on, incurred by, or asserted against any Indemnified Party (whether direct, indirect or consequential, and whether based on any federal or state laws or other statutory regulations,
including, without limitation, securities, environmental and commercial laws and regulations, under common law or at equitable cause, or on contract or otherwise) in any manner relating to or arising out of this Agreement. 

5.7 Counterparts; Faxes. This Agreement and any amendment or supplement hereto or any waiver granted in connection herewith may be
executed in any number of counterparts and by the different parties on separate counterparts and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Agreement. A signature
hereto sent or delivered by facsimile or other electronic transmission shall be as legally binding and enforceable as a signed original for all purposes. 

5.8 Confidentiality. Lender shall hold all non-public information regarding the Borrower and
obtained by Lender pursuant hereto in accordance with Lender’s customary procedures for handling information of such nature, except that disclosure of such information may be made to Lender’s agents, employees, subsidiaries, Affiliates,
attorneys, auditors, professional consultants, rating agencies, insurance industry associations and portfolio management services, on a confidential basis. 

5.85 Consent to Use As Medical Marijuana Business Lender acknowledges and consent that real estate is being used by a Medical Marijuana
licensed entity George hackney, Inc. 
 5.9 Borrower Agent. Each Borrower hereby designates Ben Atkins as each such Borrower’s
representative and agent (in such capacity, “Borrower Agent”) for all purposes under this Agreement, including delivery or receipt of communications, preparation and delivery of financial reports, receipt and payment of Liabilities,
requests for waivers, amendments or other accommodations and/or actions under this Agreement, and signatures on behalf of Borrower to any and all instruments, amendments, certificates and documents made in favor of or with Lender. Borrower Agent (as
the Borrower’s representative) hereby accepts such appointment. Lender shall be entitled to rely upon, and shall be fully protected in relying upon, any notice or communication delivered by Borrower Agent on behalf of any Borrower. Lender may
give any notice or communication with a Borrower hereunder to Borrower Agent on behalf of each such Borrower. Lender shall have the right, in its discretion, to deal exclusively with Borrower Agent for any or all purposes under this Agreement with
respect to each of the Borrower. Each Borrower agrees that any notice, election, communication, representation, agreement or undertaking made on its behalf by Borrower Agent shall be binding upon and enforceable against each such Borrower. 

5.10 SUBMISSION TO JURISDICTION; WAIVER OF VENUE. THE BORROWER HEREBY IRREVOCABLY AND UNCONDITIONALLY: 

  
 7 

 SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS
AGREEMENT AND THE OTHER FINANCING AGREEMENTS TO WHICH IT IS A PARTY, OR FOR RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF, TO THE EXCLUSIVE GENERAL JURISDICTION OF THE COURTS OF THE STATE OF FLORIDA, THE COURTS OF THE UNITED STATES
OF AMERICA FOR THE MIDDLE DISTRICT OF FLORIDA AND APPELLATE COURTS FROM ANY THEREOF; 
 5.11 JURY TRIAL. THE BORROWER AND
THE LENDER HEREBY IRREVOCABLY AND KNOWINGLY WAIVE (TO THE FULLEST EXTENT PERMITTED BY LAW) ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING (INCLUDING, WITHOUT LIMITATION, ANY COUNTERCLAIM) ARISING OUT OF THIS AGREEMENT, THE FINANCING
AGREEMENTS OR ANY OTHER AGREEMENTS OR TRANSACTIONS RELATED HERETO OR THERETO, INCLUDING, WITHOUT LIMITATION, ANY ACTION OR PROCEEDING (A) TO ENFORCE OR DEFEND ANY RIGHTS UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY
INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN CONNECTION HEREWITH, OR (B) ARISING FROM ANY DISPUTE OR CONTROVERSY IN CONNECTION WITH OR RELATED TO THIS AGREEMENT AND THE FINANCING
AGREEMENTS. THE LENDER AND THE BORROWER AGREE THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT A JURY. 

[Signature Page Follows] 

  
 8 

 IN WITNESS WHEREOF, this Loan and Security Agreement has been duly executed as of the
day and year first above written. 
  

					
	      	 	LENDER:
		
		 	Traunch Four, LLC
			
		 	By:	 	 /s/ Kim Rivers

		 	Name:	 	Kim Rivers
		 	Its:	 	Manager

  

							
		 	BORROWER:
	
	By: George Hackney, Inc.
				
	    	 	      	 	By:	 	 /s/ Ben Atkins

		 		 		 	Ben Atkins
		 		 	Its:	 	CFO

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