Document:

EX-10.22

 Exhibit 10.22 

EXECUTION VERSION 

MEMBERSHIP INTEREST PURCHASE AGREEMENT 

THIS MEMBERSHIP INTEREST PURCHASE AGREEMENT (this “Agreement”), is made as of the 16th day of September, 2020 (the “Effective Date”) by and among the following (each, a “Party,” and collectively, the “Parties”): Keystone Relief
Centers LLC, a Pennsylvania limited liability company doing business as Solevo Wellness (the “Company”); the Sellers set forth in Schedule 1 hereto (each, a “Seller,” and collectively, the
“Sellers”); Dr. Robert Capretto, a Pennsylvania resident, as the representative of each Seller as more fully described herein (“Representative”); Trulieve PA LLC, a Pennsylvania limited liability company
(“Purchaser”) and Trulieve Cannabis Corp., a Canadian corporation organized and existing under the laws of the Province of British Columbia (“Parent”). 

RECITALS 

WHEREAS, the Sellers, directly or indirectly, own one hundred percent (100%) of the issued and outstanding membership interests
of the Company; 
 WHEREAS, the Company is the sole owner of Medical Marijuana Dispensary Permit # D-5050-17 (the “Dispensary Permit”), issued by the Pennsylvania Department of Health (the “Department”), and used at the following Department
approved locations: (a) 5600 Forward Avenue, Pittsburgh, PA 15217 (the “Squirrel Hill Dispensary Location”); (b) 22095 Perry Highway, Suite 301, Zelienople, PA 16063 (the “Butler County Dispensary Location”); and
(c) 200 Adios Drive, Suite 20, Washington, PA 15301 (the “Washington Dispensary Location,” and together with the Squirrel Hill Dispensary Location and the Butler County Dispensary Location, collectively, the “Dispensary
Locations,” and each individually, a “Dispensary Location”); 
 WHEREAS, Purchaser desires to purchase from
Sellers one hundred percent (100%) of the issued and outstanding membership interests of the Company (the “Purchased Interests”), and Sellers desire to sell the Purchased Interests to Purchaser, all pursuant to and in
accordance with the terms and conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the premises and the
covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties hereto hereby agree as follows: 

1. Purchase and Sale of Purchased Interests. 

1.1 Sale. Subject to the terms and conditions of this Agreement, Purchaser agrees to purchase at the Closing, and Sellers agree to sell
to Purchaser at the Closing, the Purchased Interests, free and clear of any and all Liens except as set forth in the Company Operating Agreement, which such Liens shall be waived on or prior to the Closing. 

1.2 Closing; Purchase Price; Closing Payments. 

(a) The purchase and sale of the Purchased Interests shall take place remotely at a closing via the exchange of documents and signatures to be
held on the earlier of: (i) five (5) Business Days following satisfaction or waiver of the conditions set forth in Section 4 and Section 5 of this Agreement (other than those conditions that by their
terms cannot be satisfied until the Closing); or (ii) such other place and time as the Parties shall mutually agree (which time and place are designated as the “Closing” and such date, the “Closing Date”). 

  

			
	Membership Interest Purchase Agreement	  	Page 1 of 68

 (b) For and in consideration of the sale, transfer and delivery of the Purchased Interests,
at the Closing, (i) Purchaser shall pay to each Seller an amount equal to such Seller’s Pro Rata Share of the Closing Cash Consideration, payable by wire transfer of immediately available funds to an account designated by such Seller in
writing to Purchaser no later than five (5) Business Days prior to the Closing, and (ii) Parent shall, on behalf of Purchaser, issue to each Seller its Pro Rata Share of the Consideration Shares, in accordance with and subject to this
Agreement; provided that at or immediately prior to the issuance of any Consideration Shares to Sellers, each Seller receiving Consideration Shares shall execute and deliver an accredited investor questionnaire substantially in the form attached
hereto as Exhibit A (the “Accredited Investor Questionnaire”) and a Lock-Up Agreement substantially in the form attached hereto as Exhibit B (“Lock-Up Agreement”) with respect to the Consideration Shares to be issued (it being understood that the issuance of such Consideration Shares to a Seller is contingent on such execution and delivery by each
such Seller of an accredited investor statement and Lock-Up Agreement to Parent). 
 (c) At the
Closing, each Seller shall deliver to Purchaser a Membership Interest Assignment substantially in the form attached as Exhibit C to this Agreement (the “Membership Interest Assignment”), duly executed by such Seller
and, if the Purchased Interests are certificated, a certificate or certificates evidencing the Purchased Interests. 
 (d)
Notwithstanding anything in this Agreement to the contrary, Purchaser shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any Person such amounts as it is required to deduct and withhold
from such Person with respect to the making of such payment under the Code and the rules and regulations promulgated thereunder, or any provision of any Law relating to Taxes. To the extent that amounts are so withheld by Purchaser, such withheld
amounts shall be treated for all purposes of this Agreement as having been paid to such Person in respect of which such deduction and withholding was made by Purchaser. 

1.3 Net Working Capital Adjustment. 

(a) At least three (3) Business Days, but no more than seven (7) Business Days, prior to the Closing Date, Representative shall cause
to be prepared and delivered to Purchaser a good faith estimate of the Net Working Capital immediately prior to the Closing (subject to the last sentence hereof, the “Estimated Net Working Capital”), which shall be certified by a
duly authorized officer of the Company as the Sellers’ good faith estimate of the Net Working Capital as of immediately prior to the Closing, which statement shall quantify in reasonable detail the estimates of each item included in such
calculation, in each case calculated in accordance with the provisions of this Agreement. The Parties shall cooperate with one another in connection with the preparation and evaluation of such estimate. The Company Parties shall promptly provide
Purchaser and its representatives access to all personnel, relevant documents, and information reasonably requested by Purchaser or its representatives in connection with their review of the Estimated Net Working Capital (including all components
thereof). Prior to the Closing Date, Purchaser shall notify Representative of any objections to the Estimated Net Working Capital (including any component thereof), and the Parties shall work in good faith to resolve such objections and agree upon a
final Estimated Net Working Capital for purposes of Closing, and such agreed upon estimate shall be deemed the Estimated Net Working Capital. 

  

			
	Membership Interest Purchase Agreement	  	Page 2 of 68

 (b) Within ninety (90) days after the Closing Date, Purchaser shall prepare and deliver
to Representative a statement (the “Closing Statement”) calculating the Net Working Capital as of immediately prior to the Closing (the “Closing Net Working Capital”) as well as the adjustments to the Purchase Price
which shall be made pursuant to this Section 1.3; provided, however, that a failure by Purchaser to deliver the Closing Statement within such ninety (90) day period will not impair Purchaser’s
rights under this Section 1.3, except to the extent that Seller has been prejudiced by such failure. Sellers shall cooperate with Purchaser in its preparation of the Closing Statement. Upon delivery of the Closing
Statement, Purchaser shall promptly provide Representative access to all personnel, relevant documents and information to the extent they relate to the Closing Statement (or preparation thereof) reasonably requested by Representative in connection
with its review of the Closing Statement and Purchaser’s calculation of the Closing Net Working Capital (including all components thereof), provided that such access is in a manner that does not unreasonably or materially interfere with the
normal business operations of Purchaser and its Affiliates. 
 (c) If Representative disputes any amounts as shown on the Closing Statement,
Representative shall deliver to Purchaser within thirty (30) days after receipt of the Closing Statement a notice (the “Dispute Notice”) setting forth Representative’s calculation of Closing Net Working Capital and
describing in reasonable detail the basis (including for each component, the difference and the amount thereof and reasons therefor) for the determination of such different amount. If Representative does not deliver a Dispute Notice to Purchaser
within such thirty (30) day period, the Closing Statement (and the determination of Closing Net Working Capital therein) prepared and delivered by Purchaser will be deemed to be the Final Closing Statement and the Final Closing Net Working
Capital. Any such disputes shall be limited to assertions that the Closing Statement (and the determination of Closing Net Working Capital therein) was not calculated in accordance with the provisions of this Section 1.3,
including all defined terms in this Agreement. Any component not disputed in the Dispute Notice shall be treated as final and binding. Purchaser and Representative shall use commercially reasonable efforts to resolve such differences within a period
of thirty (30) days after Representative has given the Dispute Notice. If Purchaser and Representative resolve such differences, the Closing Statement and the Closing Net Working Capital agreed to by Purchaser and Representative will be deemed
to be the Final Closing Statement and the Final Closing Net Working Capital. If Purchaser and Representative do not reach a final resolution on the Closing Statement and the Closing Net Working Capital within thirty (30) days after
Representative has delivered the Dispute Notice, unless Purchaser and Representative mutually agree to continue their efforts to resolve such differences, the Neutral Accountant shall resolve such differences with respect to the adjustment under
this Section 1.3 pursuant to a reasonable engagement agreement among Purchaser, Representative, and the Neutral Accountant (which Purchaser and Representative agree to execute promptly), in the manner provided below. Each
of Purchaser and Representative shall be deemed to have executed such engagement agreement if it fails to do so within twenty (20) days after receiving a draft thereof. The Neutral Accountant shall have full authority to arbitrate all of the
issues or matters relating to the adjustments under this Section 1.3, but shall only decide the specific components under dispute in the Dispute Notice (the “Disputed Items”), solely in accordance with the
terms of this 

  

			
	Membership Interest Purchase Agreement	  	Page 3 of 68

 Agreement. Each of Purchaser and Representative will be entitled to make a presentation to the Neutral
Accountant at which the other will be entitled to be present and participate, pursuant to procedures to be agreed to between Purchaser, Representative, and the Neutral Accountant (or, if they cannot agree on such procedures, pursuant to procedures
determined by the Neutral Accountant), regarding such Party’s determination of the amounts to be set forth on the Closing Statement (and the determination of the Closing Net Working Capital therein); and Purchaser and Representative shall use
commercially reasonable efforts to cause the Neutral Accountant to resolve the differences between them and determine the amounts to be set forth on the Closing Statement (and the determination of the Closing Net Working Capital therein) within
twenty (20) days after the engagement of the Neutral Accountant. Each of Purchaser and Representative, as a condition precedent to making a presentation to the Neutral Accountant and having the Neutral Accountant review its calculations, shall
provide reasonable advance access to the other Party with respect to such materials and reasonably cooperate with the other Party in its review and analysis thereof. The Neutral Accountant’s determination shall be based solely on such
presentations of, and materials provided by, Purchaser and Representative (i.e., not on independent review) and on the definitions and other terms and conditions included in this Agreement. The Closing Statement (and determination of the Closing Net
Working Capital therein) determined by the Neutral Accountant shall be deemed to be the Final Closing Statement and the Final Closing Net Working Capital. Such determination by the Neutral Accountant will be conclusive and binding upon the Parties,
absent Fraud or manifest error, and will be an arbitral award that is non-appealable. The fees and expenses of the Neutral Accountant shall be borne by Representative and Purchaser in proportion to the amounts
by which their respective calculations of the Closing Net Working Capital differ from the Final Closing Net Working Capital as finally determined by the Neutral Accountant. Nothing in this Section 1.3(c) is to be construed
to authorize or permit the Neutral Accountant to: (i) determine any questions or matters whatsoever under or in connection with this Agreement, except for the resolution of differences between Purchaser and Representative regarding the
determination of the Final Closing Statement (and the Final Closing Net Working Capital calculation therein); or (ii) resolve any such differences by making an adjustment to any component of the Closing Statement (and the Closing Net Working
Capital calculation therein) that is outside of the range defined by amounts as finally proposed by Purchaser and Representative. 
 (d)
Promptly, but no later than ten (10) Business Days after the final determination thereof, if the Final Closing Net Working Capital set forth in the Final Closing Statement: (i) exceeds the Estimated Net Working Capital, Purchaser shall pay
such excess amount to Representative, for the benefit of Sellers, in Parent Shares or cash, in Purchaser’s sole discretion (or if Purchaser has not paid to the Sellers any excess of the Estimated Net Working Capital over the Target Net Working
Capital at Closing, then Purchaser shall pay to Representative, for the benefit of Sellers, the excess amount of the Final Closing Net Working Capital over the Target Net Working Capital in Parent Shares or cash, in Purchaser’s sole
discretion); or (ii) is less than the Estimated Net Working Capital, Sellers shall pay such shortfall to Purchaser. Any payments made pursuant to this Section 1.3 shall be treated as an adjustment to the Purchase Price
by the Parties. The Parties acknowledge that the limitations on indemnification set forth in Section 7 are inapplicable to the adjustments to be made under this Section 1.3. 

  

			
	Membership Interest Purchase Agreement	  	Page 4 of 68

 1.4 Earn-Out. 

(a) As additional consideration for the Purchased Interests, at such times as provided in this Section 1.4, Parent
shall pay to Sellers an additional payment of up to Seven Hundred Twenty-One Thousand Six Hundred Forty-Seven (721,647) Parent Shares (the “Earn-out
Payment”) contingent upon the Company achieving certain EBITDA during the twelve (12) month period beginning the first full fiscal quarter after the Closing Date (the “Earn-out
Period”); provided, however, that the Earn-out Period shall be tolled during any Qualified Shutdown occurring during the Earn-out Period, and the Earn-out Period shall be extended by number of days of such Qualified Shutdown. Specifically, Parent will pay to Sellers the Earn-out Payment as follows: 

 

			
	
EBITDA during Earn-Out Period
	  	
Earn-out Payment

	75% of the Company Projected EBITDA	  	300,686 Parent Shares
	 	 
	> 75% of the Company Projected EBITDA and < 100% of the Company Projected EBITDA	  	Between 300,686 Parent Shares and 721,647 Parent Shares, on a proportionate basis.
	 	 
	3100% of the Company Projected EBITDA	  	721,647 Parent Shares

 For the avoidance of doubt, no Earn-out Payment shall be payable hereunder in the
event the Company’s EBITDA for the Earn-out Period is less than seventy-five percent (75%) of the Company Projected EBITDA for the Earn-out Period. 

(b) Payment of the Earn-out Payment. 

(i) The Earn-out Payment, if any, will be due and payable by the Parent to the Sellers in accordance
with their Pro Rata Share within one hundred-twenty (120) days of the end of the Earn-out Period. 

(ii) The Earn-out Payment, if any, will be paid by Parent in Parent Shares, subject to compliance with
applicable Law and the rules and policies of any applicable stock exchange. The issuance of any Earn-out Payment to Sellers will be conditioned upon the delivery by Sellers of
lock-up agreements substantially in the form of the Lock-Up Agreements hereunder, except that the applicable lock-up period shall
be six (6) months. 
 (c) Following the Closing and prior to the expiration of the Earn-out
Period, except in each case with the prior written consent of Representative and compliance with applicable Law, Parent shall maintain separate financial books and records for the Company, in a manner reasonably calculated to facilitate the
determination of the Company’s EBITDA and shall not (i) directly or intentionally take any actions with the purpose of avoiding or reducing the Earn-out Payment hereunder, (ii) cause or require
any divestitures of any assets of the Company (other than any Company Intellectual Property or in ordinary course of business) or (iii) divert management or employee resources, or time, away from the Company; provided, however, for the
avoidance of doubt, Parent may, directly or indirectly, exercise its discretion in the hiring or firing of Company personnel, including but not limited to management personnel. 

  

			
	Membership Interest Purchase Agreement	  	Page 5 of 68

 (d) During the Earn-out Period, Parent shall cause
the Company to provide Representative with unaudited quarterly financial statements of the Company, on a stand-alone basis, no later than thirty (30) days following the completion of the applicable quarter, excluding the fourth quarter of the Earn-out Period. 
 (e) The Parties understand and agree that (i) the contingent rights to receive any
Earn-out Payment shall not be represented by any form of certificate or other instrument, are not transferable, except by operation of Law relating to descent and distribution, divorce and community property,
and do not constitute an equity or ownership interest in Purchaser or Parent, 
 (ii) neither Sellers nor Representative shall have any rights as a security
holder of Purchaser or Parent as a result of Sellers’ contingent right to receive any Earn-out Payment hereunder, and (iii) no interest is payable with respect to any
Earn-out Payment. 
 1.5 Definitions; Interpretive Guidelines. 

(a) Definitions. In addition to the terms defined elsewhere throughout this Agreement, the following terms used in this Agreement shall
be construed to have the meanings set forth or referenced below. 
  

			
	 Defined Terms
	  	 Section

		
	Accredited Investor Questionnaire	  	Section 1.2(b)
		
	Agreement	  	Preamble
		
	Authorized Action	  	Section 9.23(c)
		
	Balance Sheet Date	  	Section 2.7(a)
		
	Basket	  	Section 7.4(a)
		
	Butler County Dispensary Location	  	Recitals
		
	Cap	  	Section 7.4(c)
		
	Closing	  	Section 1.2(a)
		
	Closing Date	  	Section 1.2(a)
		
	Closing Net Working Capital	  	Section 1.3(b)
		
	Closing Statement	  	Section 1.3(b)
		
	Company	  	Preamble
		
	Copyrights	  	Section 1.5(a)(xxxv)
		
	Department	  	Recitals
		
	Determination	  	Section 7.5(d)
		
	Direct Claim	  	Section 7.5(c)
		
	Disclosure Schedule	  	Section 2
		
	Designated Person	  	Section 9.24(a)
		
	Dispensary Location(s)	  	Recitals
		
	Dispensary Permit	  	Recitals
		
	Disputed Items	  	Section 1.3(c)
		
	Dispute Notice	  	Section 1.3(c)
		
	Earn-out Payment	  	Section 1.4(a)
		
	Earn-out Period	  	Section 1.4(a)
		
	Effective Date	  	Preamble
		
	Estimated Net Working Capital	  	Section 1.3(a)
		
	Exclusive Venues	  	Section 9.15

  

			
	Membership Interest Purchase Agreement	  	Page 6 of 68

			
	 Defined Terms
	  	 Section

		
	Federal Exception	  	Section 2.4
		
	Financial Statements	  	Section 2.7(a)
		
	Fundamental Representations	  	Section 7.1
		
	Government Consents	  	Section 6.1(a)
		
	Indemnified Party	  	Section 7.4
		
	Indemnifying Party	  	Section 7.4
		
	Intellectual Property Licenses	  	Section 2.10(c)
		
	Kick Out Date	  	Section 9.19(a)(v)
		
	Leased Real Property	  	Section 2.16(c)
		
	Licenses	  	Section 2.23
		
	Lock-Up Agreement	  	Section 1.2(b)
		
	Losses	  	Section 7.2
		
	Material Supplier	  	Section 2.9
		
	Membership Interest Assignment	  	Section 1.2(c)
		
	Most Recent Balance Sheet	  	Section 2.7(a)
		
	Most Recent Balance Sheet Date	  	Section 2.7(a)
		
	Option Agreement	  	Section 4.8(s)
		
	Outside Assets	  	Section 2.16(h)
		
	Owned Property	  	Section 2.16(a)
		
	Parent	  	Preamble
		
	Party(ies)	  	Preamble
		
	Patents	  	Section 1.5(a)(xxxv)
		
	PCBs	  	Section 1.5(a)(xxxiii)
		
	Physical Inventory	  	Section 6.7
		
	Post-Closing Representation	  	Section 9.24(a)
		
	Pre-Closing Period	  	Section 6.2
		
	Pre-Closing Representations	  	Section 9.24(a)
		
	Purchaser	  	Preamble
		
	Purchaser Group	  	Section 9.24(a)
		
	Purchased Interests	  	Recitals
		
	Purchaser Indemnitees	  	Section 7.2
		
	Real Property Leases	  	Section 2.16(c)
		
	Receivables	  	Section 2.8(a)
		
	Registered Intellectual Property	  	Section 2.10(b)
		
	Representative	  	Recitals
		
	Risk	  	Section 9.23(d)
		
	Schedule Supplement	  	Section 6.9(c)
		
	Seller(s)	  	Preamble
		
	Seller Indemnitees	  	Section 7.3
		
	Seller Returns	  	Section 8.5
		
	Squirrel Hill Dispensary Location	  	Recitals
		
	Third-Party Claim	  	Section 7.5(a)
		
	Trademark	  	Section 1.5(a)(xxxv)
		
	Transfer Taxes	  	Section 8.5
		
	Union	  	Section 2.19
		
	WARN Act	  	Section 2.18(t)
		
	Washington Dispensary Location	  	Recitals

  

			
	Membership Interest Purchase Agreement	  	Page 7 of 68

 (i) “Affiliate” means, with respect to any specified Person, any other
Person who, directly or indirectly, controls, is controlled by, or is under common control with such Person, including, without limitation, any general partner, managing member, officer or director of such Person or any venture capital fund now or
hereafter existing that is controlled by one or more general partners or managing members of, or shares the same management company with, such Person. 

(ii) “Books and Records” of a Person means all records (in any type of storage medium) in the possession or control of a
Person, including, without limitation, customer lists, sales records, records relating to regulatory matters, financial and accounting records and compliance records. 

(iii) “Business Day” means any day other than a Saturday, Sunday or other day on which banking institutions in Pittsburgh,
Pennsylvania are required or authorized by Law to be closed. 
 (iv) “Cannabis Service Provider Contracts” means those
Contracts of the Company that are particular to the cannabis industry (i.e. Contracts that specifically reference cannabis and/or are essential to the conduct of the Company’s business as currently conducted or intended to be conducted in the
near future). For example, a Contract for janitorial services would not be considered a Cannabis Service Provider Contract, but a Contract for the supply of cartridges used in the Company’s products would be considered a Cannabis Service
Provider Contract. 
 (v) “CARES Act” means the Coronavirus Aid, Relief, and Economic Security Act, as amended. 

(vi) “Change of Control Payments” means any and all bonuses or other obligations or payments that are not paid by Seller
prior to Closing, arising or payable as a result of or in connection with the transactions contemplated hereby (whether due at or after the Closing). 

(vii) “Closing Cash Consideration” means the Closing Cash Purchase Price, minus (i) any Indebtedness of any of
the Company, minus (ii) any Change of Control Payments, minus (iii) any Company Transaction Expenses in connection with the Transaction Agreements that remain unpaid as of Closing, minus (iv) the amount, if any,
by which the Estimated Net Working Capital is less than the Target Net Working Capital, plus (v) subject to Purchaser’s election (in its sole discretion), the amount, if any, by which the Estimated Net Working Capital is greater
than the Target Net Working Capital. 
 (viii) “Closing Cash Purchase Price” means $10,000,000. 

(ix) “Code” means the Internal Revenue Code of 1986, as amended. 

(x) “Company Intellectual Property” means, collectively, the Owned Intellectual Property and the Licensed Intellectual
Property. 

  

			
	Membership Interest Purchase Agreement	  	Page 8 of 68

 (xi) “Company Operating Agreement” means that certain Amended and Restated
Operating Agreement of Keystone Relief Centers, LLC, dated November 11, 2016, by and among the Company, and those persons listed on Schedule A-1 attached thereto and Schedule A-2 attached thereto, as amended by Amendment No. 1 to the Amended and Restated Operating Agreement of the Company dated as of March 19, 2018. 

(xii) “Company Parties” means the Company and Sellers. 

(xiii) “Company Projected EBITDA” means Seven Million Five Hundred Seventeen Thousand Three Hundred Dollars ($7,517,300). 

(xiv) “Company Transaction Expenses” means, collectively, the Transaction Expenses incurred by the Company, Sellers, and their
Affiliates in connection with the transactions contemplated by the Transaction Agreements. 
 (xv) “Competitor” means any
licensed medical marijuana dispensary in the Commonwealth of Pennsylvania. 
 (xvi) “Consent” means any consent, approval,
authorization, clearance, exemption, waiver, or similar affirmation by any Governmental Authority or other Person pursuant to any Contract or applicable Law. 

(xvii) “Consideration Shares” means the number of Parent Shares having a value equal to the Share Purchase Price. 

(xviii) “Contract” means any contract, agreement, indenture, note, bond, loan, mortgage, license, instrument, lease,
understanding, commitment, or other arrangement or agreement, whether written or oral. 
 (xix) “COVID Related Deferrals”
means any Liabilities, including Tax Liabilities, or other amounts for or allocable to any period ending on or prior to the Closing Date the payment of which is deferred, on or prior to the Closing Date, to a period (or portion thereof) beginning
after the Closing Date pursuant to the CARES Act or any other Law related to COVID-19. 
 (xx)
“CSE” means the Canadian Securities Exchange. 
 (xxi) “EBITDA” means earnings before interest, taxes,
depreciation, and amortization, calculated in accordance with GAAP, and consistent with the sample calculation set forth on Schedule 1.5(a)(xxi). 

(xxii) “Employee Benefit Plan” means (i) each “employee benefit plan,” as defined in ERISA Section 3(3),
and (ii) each other plan, fund, arrangement or agreement, including but not limited to, bonus, incentive compensation, deferred compensation, supplemental retirement, pension, profit sharing, retirement, equity purchase, equity option, equity
ownership, equity appreciation rights, phantom equity, profits interests, post-retirement benefits (such as retiree medical or retiree life), change in control, retention, employment, termination, vacation, day or dependent care, legal services,
educational assistance, Code Section 125 plan, life, health, accident, disability, workers’ compensation or other insurance, severance, separation or other employee benefit plan, practice, policy or arrangement of any kind (other than base
salary or base hourly wages), whether or not subject to ERISA, whether formal or informal, or whether written or oral. 

  

			
	Membership Interest Purchase Agreement	  	Page 9 of 68

 (xxiii) “Environmental Laws” means any Law, regulation, or other
applicable requirement relating to (a) releases or threatened releases of Hazardous Substance; (b) pollution or protection of employee health or safety, public health or safety, natural resources, or the environment; (c) the
manufacture, generation, handling, transport, use, treatment, storage, handling, transportation, management, or disposal of, or exposure to, Hazardous Substances; or (d) substances or materials which are considered to be hazardous or toxic,
including, without limitation, the Resource Conservation and Recovery Act, the Comprehensive Environmental Response, Compensation and Liability Act, the Hazardous Materials Transportation Act, the Clean Water Act, the Toxic Substances Control Act,
the Emergency Planning and Community Right to Know Act, any state and local environmental law, all amendments and supplements to any of the foregoing and all regulations and publications promulgated or issued relative to the foregoing. 

(xxiv) “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

(xxv) “ERISA Affiliate” means any entity (whether or not incorporated) other than the Company that is required to be treated
along with the Company as a single employer under Section 414(b), (c), (m) or (o) of the Code. 
 (xxvi) “Fair Labor
Standards Act” means the Fair Labor Standards Act of 1938, as amended. 
 (xxvii) “Family Member” means, with
respect to any individual, (a) the spouse, parents, siblings, and descendants (including adoptive relationships and stepchildren) of that individual and (b) the spouse of each individual described in clause (a) of this definition.

 (xxviii) “Final Closing Net Working Capital” means the final Closing Net Working Capital as determined by agreement of
Purchaser and Seller or by the Neutral Accountant or otherwise in accordance with the procedures set forth in Section 1.3. 

(xxix) “Final Closing Statement” means the final Closing Statement as determined by agreement of Purchaser and Seller or by
the Neutral Accountant or otherwise in accordance with the procedures set forth in Section 1.3. 
 (xxx)
“Fraud” means Delaware common law fraud. 
 (xxxi) “GAAP” means United States generally accepted
accounting principles as in effect from time to time. 
 (xxxii) “Governmental Authority” means any state, commonwealth,
province, territory or possession of, and including, the United States or Canada, and any political subdivision of any of the foregoing, including the Department, courts, departments, regulatory agency, administrative agency, commissions, boards,
bureaus, agencies, ministries or other instrumentalities, and any other entity exercising Law-making power (whether or not self-regulating). 

  

			
	Membership Interest Purchase Agreement	  	Page 10 of 68

 (xxxiii) “Hazardous Substances” means any and all pollutants,
contaminants, toxic or hazardous wastes or any other substances that might pose a hazard to health or safety, the removal of which may be required or the generation, manufacture, refining, production, processing, treatment, storage, handling,
transportation, transfer, use, disposal, release, discharge, spillage, seepage or filtration of which is now or may in the future be restricted, prohibited or penalized under any Environmental Law (including, without limitation, lead paint,
asbestos, urea formaldehyde foam insulation, petroleum, petroleum products, and polychlorinated biphenyls (“PCBs”). 

(xxxiv) “Indebtedness” of any Person means, without duplication: (i) all liabilities of such Person for borrowed money,
whether current or funded, secured or unsecured, all obligations evidenced by bonds, debentures, notes or similar instruments, and all liabilities in respect of mandatorily redeemable or purchasable share capital or securities convertible into share
capital; (ii) except for trade debt in the ordinary course of business, all liabilities of such Person for the deferred purchase price of property or services, which are required to be classified and accounted for under GAAP as liabilities;
(iii) all liabilities of such Person in respect of any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which are, and to the extent, required to be classified and accounted for
under GAAP as capital leases; (iv) all liabilities of such Person evidenced by any letter of credit or similar credit transaction entered into for the purpose of securing any lease deposit; (v) all liabilities of such Person for the
reimbursement of any obligor on any letter of credit, banker’s acceptance or similar credit transaction securing obligations of a type described in clauses (i), (ii), (iii) and (iv) above to the extent of the obligation secured;
(vi) all guarantees by such Person of any liabilities of a third party of a nature similar to the types of liabilities described in clauses (i), (ii), (iii), (iv) and (v) above, to the extent of the obligation guaranteed and (vii) all
COVID Related Deferrals. 
 (xxxv) “Intellectual Property Rights” means any and all proprietary and intellectual property
rights, in any jurisdiction, including those rights in and to (a) inventions and discoveries (whether or not patentable or reduced to practice), improvements thereto, and invention disclosures, (b) patents and patent applications
(including applications or registrations for industrial design, mask works and statutory invention registrations), together with extensions, reissuances, divisionals, provisionals, continuations, continuations-in-part and reexaminations thereof (“Patents”), (c) trademarks, trademark applications and registrations, service marks, brand names, certification marks, trade dress, slogans,
symbols, logos, trade names and corporate names, fictitious names, domain names, websites, and social media accounts, together with the goodwill associated therewith (in each case, whether registered or unregistered) (“Trademarks”),
(d) copyrights, published and unpublished works of authorship, whether copyrightable or not (including software (including POS software and marketing software) and related algorithms), moral rights and rights equivalent thereto, including the rights
of attribution, assignation and integrity (in each case, whether registered or unregistered) (“Copyrights”), (e) all trade secrets and confidential business information including, but not limited to, confidential ideas, technical
data, customer lists, pricing and cost information, marketing plans, research and development, know-how, formulas, compositions, manufacturing and production processes and techniques, databases, historical
marketing analyses and reports, and customer and transactional databases, (f) all proprietary breeds, cultivars, varietals and germplasm, (g) all other proprietary rights, (h) all applications to register, registrations and renewals,
substitutions or extensions of the foregoing and (i) all copies and tangible embodiments of the foregoing. 

  

			
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 (xxxvi) “Inventory” means all inventory, finished goods, raw materials,
work in progress, packaging, supplies, parts and other inventories of the Company, including all genetic cannabis plant strains and phenotypes. 

(xxxvii) “Key Employee” means any executive-level employee (including division director or manager and vice president-level
positions) as well as any material employee to the operations or contemplated operations of the Company and any employee or consultant who either alone or in concert with others develops, invents, programs or designs any Company Intellectual
Property. 
 (xxxviii) “Knowledge” of a specified Person means the actual knowledge of such specified Person together with
such knowledge that such specified Person would be reasonably expected to discover after reasonable investigation, and, when such specified Person is any Company Party, it means the actual knowledge of each the directors, officers and/or managers of
the Company Parties together with such knowledge that each such Person would be expected to discover after reasonable investigation. 

(xxxix) “Landlord Estoppel Certificate” means an estoppel certificate with respect to a Real Property Lease, dated after the
Effective Date, but no earlier than thirty (30) days prior to the Closing Date, from the landlord under such Real Property Lease containing such customary provisions to be reasonably expected in an estoppel certificate. 

(xl) “Law” means (a) any law, statute, code, constitution, treaty, decree, rule, ordinance or regulation or any
determination or direction of any arbitrator or any Governmental Authority, including common law and any Environmental Law and also including any of the foregoing that relate to data use, privacy or protection and (b) any License held by a
Person or its subsidiaries or that otherwise relates to the business or contemplated business of or contemplated use by, or to any assets owned or used by, such Person or its subsidiaries. 

(xli) “Legal Proceeding” means any claim, action, charge, complaint, litigation, arbitration, audit, investigation,
inspection, hearing or proceeding, administrative enforcement proceeding or other similarly formal legal proceeding (including civil, criminal, administrative or appellate proceeding) commenced, brought, conducted or heard by or pending before any
Governmental Authority, arbitrator, mediator or other tribunal. 
 (xlii) “Liability” means any liability, debt,
obligation, deficiency, interest, Tax, penalty, fine, claim, demand, judgment, cause of action or other Loss (including, without limitation, loss of benefit or relief), cost or expense of any kind or nature whatsoever, whether asserted or
unasserted, absolute or contingent, accrued or unaccrued, liquidated or unliquidated, and whether due or to become due and regardless of when asserted. 

(xliii) “Licensed Intellectual Property” means those Intellectual Property Rights licensed, directly or indirectly, to the
Company. 

  

			
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 (xliv) “Lien” means any option, mortgage, deed of trust, pledge,
hypothecation, lien (statutory or otherwise), charge, security interest, defect of title, easement, encroachment, reservation, restriction, adverse right or interest, claim or other encumbrance (including any conditional sale or other title
retention agreement and any lease having substantially the same effect as any of the foregoing and any assignment or deposit arrangement in the nature of a security device). 

(xlv) “Material Adverse Effect” means an event, change or occurrence that, individually or together with any other event,
change or occurrence, has a material adverse effect or could be reasonably expected to have a material adverse effect, with or without the passage of time, on (A) the business, assets (including intangible assets), liabilities, operations
(including contemplated operations), financial condition, property, prospects, or results of operations (including, with respect to the Company, the Dispensary Permit), in each case of the Company, or (B) the ability of any Party to perform its
material obligations under this Agreement or to consummate the transactions contemplated hereby; provided, however, that none of the following shall constitute, or shall be considered in determining whether there has occurred, and no event, change
or occurrence resulting from or arising out of any of the following shall constitute, a Material Adverse Effect: (a) the announcement of the execution of this Agreement or the pendency of consummation of the transactions contemplated hereby;
(b) changes in the national or world economy or financial markets as a whole or changes in general economic conditions that affect the industries in which the Company conducts its business; (c) any change in applicable Law, rule or
regulation or GAAP or interpretation thereof after the date hereof; (d) compliance with the terms of, and taking any action required by, this Agreement, or the taking or not taking by any Company Parties of any actions at the request of, or
with the consent of, Purchaser, Parent or any of their Affiliates; and (e) any acts or omissions of Purchaser, Parent or any of their Affiliates after the date of this Agreement. 

(xlvi) “MMA” means the Pennsylvania Medical Marijuana Act (Act 16), as amended from time to time. For the purposes of this
Agreement, MMA shall include Title 28, Chapters 1141, 1151, and 1161, of the Pennsylvania Code. 
 (xlvii) “Multiemployer
Plan” has the meaning set forth in Section 3(37) of ERISA. 
 (xlviii) “Neutral Accountant” means BDO USA (or
if such firm declines or is unable to act, or has a conflict of interest with Purchaser or any Company Party, or any of their respective Affiliates, a nationally recognized accounting firm mutually acceptable to Purchaser and Seller). 

(xlix) “Net Working Capital” means (A) the current assets of the Company (consisting of asset account line items as
specified on Schedule 1.5(a)(xlix) (the “Net Working Capital Schedule”)), minus (B) the current liabilities of the Company (consisting of liability account line items as specified on the Net Working Capital
Schedule), in each case determined in accordance with GAAP applied on a consistent basis (except as set forth on the Net Working Capital Schedule) and consistent with the preparation of the Net Working Capital Schedule. 

  

			
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 (l) “Owned Intellectual Property” means, collectively, those Intellectual
Property Rights owned, directly or indirectly, by the Company. 
 (li) “Parent” means Trulieve Cannabis Corp., a Canadian
corporation organized and existing under the laws of the Province of British Columbia. 
 (lii) “Parent Shares” means the
Subordinate Voting Shares of Parent, which Subordinate Voting Shares shall have a price of $20.7858 per share. 
 (liii)
“Partnership Audit Provisions” means Sections 6221 through 6241 of the Code as originally enacted in P.L. 114-74, and as may be amended, and including any United States Treasury Regulations or
other administrative guidance promulgated by the Internal Revenue Service thereunder or successor provisions and any comparable provision of non-U.S. or U.S. state or local Law. 

(liv) “Person” means any individual, corporation, partnership, trust, limited liability company, association, Governmental
Entity or other entity. 
 (lv) “Pre-Closing Taxes” means (a) all Taxes (or
the non-payment thereof) of the Company for any and all Pre-Closing Tax Periods, (b) all Taxes (or the non-payment thereof)
of Sellers (and any direct or indirect owner of any Seller that is an entity), for any and all taxable periods, (c) any payroll Taxes with respect to compensatory payments paid in connection with the Closing, (d) any and all Taxes of any
Person imposed on the Company as a transferee or successor, by Contract or pursuant to any Law, which Taxes relate to an event or transaction occurring on or before the Closing, (e) any Taxes resulting from any election by the Company under
Code §108(i) on or prior to the Closing Date, (f) all COVID Related Deferrals (without duplication of any amounts included in Indebtedness) and (g) all Taxes imposed on any Company Party (or direct or indirect owner of any Seller that
is an entity) as a result of any transaction contemplated by this Agreement. For purposes of the foregoing, any property Taxes for any Straddle Period shall be allocated to the portion of the Straddle Period ending on the Closing Date on a per diem
basis, and all other Taxes for any Straddle Period shall be allocated as if such Straddle Period ended at the end of the Closing Date. 

(lvi) “Pro Rata Share” means, with respect to each Seller, the percentage allocation set forth on Schedule 1. 

(lvii) “Public Record” means all documents filed by or on behalf of Parent on SEDAR since September 24, 2018. 

(lviii) “Purchase Price” means $20,000,000, minus (i) any Indebtedness of the Company, minus (ii) any Change
of Control Payments, minus (iii) the Company Transaction Expenses (in each case, with respect to items (i), (ii), and (iii) to the extent not paid or funded by Sellers at or prior to Closing), plus (iv) the amount by
which the Final Closing Net Working Capital exceeds the Target Net Working Capital, minus (v) the amount by which Final Closing Net Working Capital is less than the Target Net Working Capital, plus (vi) the amount of any Earn-Out Payments. 

  

			
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 (lix) “Purchaser’s Advisors” means Purchaser’s attorneys,
accountants, advisors, representatives and/or Tax advisors, if any. 
 (lx) “Qualified Shutdown” means (i) a mandatory
closure of one or more of the Dispensaries by a Governmental Authority, and (ii) which closure has Material Adverse Effect on the Company, taken as a whole. 

(lxi) “Restrictive Covenant and General Release Agreement” means the non-compete and non-solicit, non-disparagement and general release agreement dated as of the Closing Date, from Sellers, on its behalf and on behalf of its Affiliates, in substantially the
form attached hereto as Exhibit D. 
 (lxii) “Securities Act” means the Securities Act of 1933, as amended, and the
rules and regulations promulgated thereunder. 
 (lxiii) “Sellers Counsel” means Metz Lewis Brodman Must O’Keefe LLC.

 (lxiv) “Share Purchase Price” means $10,000,000. 

(lxv) “Straddle Period” means any taxable period that includes (but does not end on) the Closing Date. 

(lxvi) “Target Net Working Capital” means One Million Three Hundred Thousand Dollars ($1,300,000.00). 

(lxvii) “Tax” means (a) any federal, state, county, local, municipal or foreign income, gross receipts, net proceeds,
fuel, excess profits, user, capital stock, profits, escheat, unclaimed property, gain, registration, ad valorem, estimated, license, payroll, employment, excise, severance, stamp, occupation, premium, property or windfall profits taxes,
environmental taxes, customs, duties, franchise, employees’ income withholding, foreign or domestic withholding, social security (or similar, including FICA), unemployment, disability, real property, personal property (tangible or intangible),
sales, use, transfer, value added, goods and services, escheat or unclaimed property (whether or not considered a tax under local Law) alternative or add on minimum or other tax of any kind or any charge of any kind in the nature of taxes,
assessments, duties or similar charges, including any interest, penalties or additions to Tax in respect of the foregoing, in each case whether disputed or not, imposed by any Governmental Authority, and (b) any liability for the payment of any
amounts of the type described in clause (a) as a result of being a member of an affiliated, consolidated, combined or unitary group, as a result of any tax sharing or tax allocation Contract, or as a result of being liable for another
Person’s taxes as a transferee or successor, by Contract or otherwise. 
 (lxviii) “Tax Return” means any Tax return,
declaration, report, claim for refund, or information return or statement filed or required to be filed by the Company, including any amendments thereto. 

(lxix) “Transaction Agreements” means this Agreement, the Membership Interest Assignment,
Lock-Up Agreement, Restrictive Covenant and General Release Agreement, Employment Agreement, Option Agreement, and any other documents executed in connection herewith or contemplated hereby. 

  

			
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 (lxx) “Transaction Expenses” means, with respect to a Party, expenses
incurred in connection with the negotiation, preparation, execution and closing of the transactions contemplated by the Transaction Agreements. 

(b) Interpretive Guidelines. 

(i) All pronouns used in this Agreement shall be deemed to include masculine, feminine and neuter forms. 

(ii) Unless the context requires otherwise: (1) the singular number includes the plural and the plural number includes the singular and
shall not be interpreted to preclude the application of any provision of this Agreement to any individual or entity; (2) each reference in this Agreement to a designated “Article,” “Section,” “Schedule,”
“Exhibit,” or “Appendix” is to the corresponding Section, Schedule, Exhibit, or Appendix of or to this Agreement; (3) the word “or” shall not be applied in its exclusive sense; (4) the word “all”
shall be interpreted to mean “any and all”; (5) the words “include,” “includes,” and “including” are deemed to be followed by the phrase “without limitation”; (6) the words “relate,”
“relates,” and “relating” are deemed to be followed by the phrase “in any way”; (7) references to “$” or “dollars” means the lawful currency of the United States; and (8) the words
“herein,” “hereof,” “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Section or other subdivision. 

(iii) References in this Agreement to any Contract or any particular provisions of Law shall be deemed to refer to such Contract or Law as
they exist as of the Effective Date of this Agreement and at the Closing Date. 
 (iv) Any reference in this Agreement to “day” or
number of “days” without the explicit qualification of “business” must be interpreted as a reference to a calendar day or number of calendar days. If any action or notice is to be taken or given on or by a particular calendar day
and that calendar day is not a Business Day then the action or notice is deferred until, or may be taken or given, on the next Business Day. 

(v) Any reference in this Agreement to a date or time is a reference to 

that date or time in Pittsburgh, Pennsylvania, unless otherwise stated. 

(vi) Any undertaking in this Agreement not to do any act or thing is deemed to include an undertaking not to permit or suffer the doing of
that act or thing. 
 (vii) The definitions in this Agreement apply equally to both the singular and plural of the terms defined. 

  

			
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 2. Representations and Warranties of the Company Parties. The Company Parties,
jointly and severally, represent and warrant to Purchaser that, subject to the schedule of disclosures and exceptions (the “Disclosure Schedule”) attached as Exhibit E to this Agreement, which disclosures and exceptions shall
be deemed to be part of the representations and warranties made hereunder, the following representations are true and correct as of the Effective Date, and will be true and correct as of the Closing Date. The Disclosure Schedule shall be arranged in
numbered schedules corresponding to the numbered and lettered sections contained in this Section 2, and the disclosures in any schedule of the Disclosure Schedule shall qualify the representations made in other sections in
this Section 2 only to the extent it is readily apparent from a reading of the disclosure that such disclosure is applicable to or qualifies such other representations made in other sections of this
Section 2. 
 2.1 Organization, Good Standing, Power and Qualification. The Company is a limited liability
company validly existing and in good standing under the Laws of the Commonwealth of Pennsylvania and has all requisite limited liability company power and authority to carry on its business as presently conducted and as proposed to be conducted. The
Company is duly qualified to transact business and is in good standing in each jurisdiction in which its ownership of property or conduct of business requires it to be qualified. True, correct and complete copies of the Company’s organizational
documents currently in effect have been provided to Purchaser and reflect all amendments made thereto at any time prior to the Closing Date. 

2.2 Ownership of Purchased Interests; No Voting Trusts. 

(a) Schedule 2.2(a) sets forth all of the authorized, issued and outstanding equity interests of the Company. Sellers own, beneficially
and of record, all of the equity interests of the Company set forth on Schedule 2.2(a), free and clear of any and all Liens or other restrictions or limitations whatsoever, except as set forth in the Company Operating Agreement, which such
Liens shall be waived on or prior to the Closing. All of the outstanding equity interests of the Company are duly authorized, validly issued, fully paid and non-assessable and were not issued in violation of
any preemptive or other rights of any Person to acquire any securities of the Company. Upon delivery to Purchaser of the Membership Interest Assignment executed by Sellers, good and valid title to the Purchased Interests will pass to Purchaser, free
and clear of all Liens or other restrictions or limitations whatsoever of any kind. 
 (b) No Company Party is bound by, nor has any Company
Party granted to any other Person, any option, warrant, calls, purchase or other right or other contractual obligation (including, without limitation, conversion or preemptive rights and rights of first refusal or similar rights), orally or in
writing, with respect to any equity interests of the Company or that could require any Company Party to sell, issue, grant, transfer or otherwise dispose of any or all of the equity interests of the Company, or any securities convertible into or
exchangeable for equity interests in the Company. 
 (c) There are no voting trusts, commitments, undertakings, understandings or other
restrictions to which Seller is a party that directly or indirectly limit or restrict in any manner, or otherwise relate to, the sale or other disposition of any of the Purchased Interests. 

2.3 Subsidiaries. The Company does not own or control, or has never owned or controlled, directly or indirectly, any interest in any
other corporation, partnership, trust, joint venture, limited liability company, association, or other business entity. The Company is not, nor has it ever been, a participant in any joint venture, partnership or similar arrangement. 

  

			
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 2.4 Authorization; Enforceability. All limited liability company (or other applicable
entity) action required to be taken by the officers, managers, boards of directors and owners of the Company and each Seller, in order to authorize the Company and each Seller to enter into the Transaction Agreements to which such Party is or will
be a party and to consummate the transactions contemplated thereby has been taken or will be taken prior to the Closing. All action on the part of the officers of the Company and all applicable Sellers necessary for the execution and delivery of the
Transaction Agreements and the performance of all obligations of such Party under the Transaction Agreements to be performed as of the Closing has been taken or will be taken prior to the Closing. The respective Transaction Agreements to which each
Company Party is a party, when executed and delivered by such Company Party, shall constitute valid and legally binding obligations of such Company Party, enforceable against such Company Party in accordance with their respective terms except
(a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other Laws of general application relating to or affecting the enforcement of creditors’ rights generally, (b) as limited by
Laws relating to the availability of specific performance, injunctive relief, or other equitable remedies, and (c) as limited by the prohibition of the cultivation, processing, possession, transport and sale of cannabis products under U.S.
federal Law (the “Federal Exception”). 
 2.5 Governmental Consents and Filings. Except for approval by the
Department, no consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any federal, state or local Governmental Authority is required on the part of any Company Party in connection with
the execution and delivery of, or the consummation of the transactions contemplated by, this Agreement or any of the other Transaction Agreements. 

2.6 Legal Proceedings. Except as set forth in Schedule 2.6, there is no Legal Proceeding pending or, to the Company’s
Knowledge, threatened (a) against or relating to any Company Party, any officer, member or manager of any Company Party, or any Key Employee; (b) that questions the validity of any of the Transaction Agreements or the right of any Company Party
to enter into any of the Transaction Agreements, or to consummate the transactions contemplated by the Transaction Agreements; (c) that would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect; or
(d) against any Person with respect to the Dispensary Permit. Neither any Company Party nor, to the Company’s Knowledge, any of the officers, directors, members or managers of any Company Party, or any Key Employee, is a party or is named
as subject to the provisions of any order, writ, injunction, judgment or decree of any court or other Governmental Authority (in the case of officers, directors, managers or Key Employees, such as would affect the Company or any Seller). There is no
Legal Proceeding by any Company Party pending or that any Company Party intends to initiate, and no basis, to the Company’s Knowledge, for any such Legal Proceeding to be initiated against any Company Party or that relates to the Dispensary
Permit, including, without limitation, any Legal Proceedings pending or threatened (or any basis therefor known to the Company) involving the services provided to the Company by any consultant or independent contractor, the prior employment of any
employee of the Company, the services provided by any of the employees, consultants or independent contractors of the Company in connection with its business, any information or techniques allegedly proprietary to any former employers of any
employees, consultants or independent contractors of the Company, or the obligations of any employees, consultants or independent contractors of the Company under any Contracts with its prior employers. 

  

			
	Membership Interest Purchase Agreement	  	Page 18 of 68

 2.7 Financial Statements. 

(a) The Company has previously made available to Purchaser true, complete and correct copies of (i) the unaudited balance sheets of the
Company as at December 31, 2017, December 31, 2018, and the audited balance sheet of the Company as at December 31, 2019, as applicable (the “Balance Sheet Date”) and the related audited statements of income,
members’ equity, and cash flows of the Company for the fiscal years then ended; and (ii) the unaudited balance sheet of the Company (the “Most Recent Balance Sheet”) as at July 31, 2020 (the “Most
Recent Balance Sheet Date”) and the related statements of income, members’ equity, and cash flows of the Company for the seventh-month period then ended (together with all the audited and unaudited statements set forth in
(i) and (ii), including the related notes and schedules thereto, the “Financial Statements”). 
 (b) The Financial
Statements have been prepared in accordance with GAAP, applied on a consistent basis throughout the periods involved, and present fairly, in all material respects, the financial position and results of operations of the Company as of the respective
dates and for the respective periods indicated therein. The Books and Records of the Company have been, and are being, maintained in all material respects in accordance with applicable Law, and the Financial Statements were derived from the Books
and Records of the Company. 
 2.8 Accounts Receivable; Inventory. 

(a) All accounts receivable, notes and other amounts receivable of the Company (“Receivables”) reflected in the Financial
Statements represent bona fide transactions on the part of the Company. The Receivables reflected in the Financial Statements arose in the ordinary course of business, are carried at values determined in accordance with GAAP consistently applied,
are not subject to any valid set-off or counterclaim, do not represent obligations for goods sold on consignment, on approval or on a
sale-or-return basis or subject to any other repurchase or return arrangement and are collectible except to the extent of reserves therefor set forth in the Financial
Statements. No Person has any Lien on any of the Receivables and no request or agreement for deduction or discount has been made with respect to any of the Receivables since the Balance Sheet Date. 

(b) All Inventory, whether or not reflected in the Most Recent Balance Sheet, consists of a quality and quantity usable and salable in the
ordinary course of business consistent with past practice, except for obsolete, damaged, defective or slow-moving items that have been written off or written down to fair market value or for which adequate reserves have been established. All
Inventory is owned by the Company free and clear of all Liens, and no Inventory is held on a consignment basis. 
 2.9 Suppliers. No
supplier representing ten percent (10%) or more of the aggregate purchases of the Company for fiscal year 2018 or 2019, each of which suppliers is set forth on Schedule 2.9 (a “Material Supplier”), has given notice or
otherwise indicated to the Company that (i) it will or intends to terminate or not renew its Contract, if any, with the Company before such Contract’s scheduled expiration date, (ii) it will otherwise terminate its relationship with
the Company or (iii) it will or intends to materially reduce its sales or provisions of services to the Company. To the Company’s Knowledge, no Material Supplier has filed a voluntary petition for bankruptcy protection. The Company has not
experienced any material and adverse effect on its relationship with any Material Supplier as a result of COVID-19. 

  

			
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 2.10 Intellectual Property. 

(a) The Company Intellectual Property of the Company includes all Intellectual Property Rights owned or licensed by the Company, as of Closing,
and used in the Company’s business as currently conducted and proposed to be conducted by the Company. The Company Intellectual Property comprises all of the Intellectual Property Rights that are reasonably necessary to the conduct of the
Company’s business as currently conducted and proposed to be conducted, including the design, development, manufacture, use, import, marketing, and sale of any product, technology or service. The Company has good, valid and marketable title to
its Owned Intellectual Property free and clear of any and all Liens. With the exception of the Intellectual Property Licenses set forth on Schedule 2.10(c), and except that the Company is limited to selling its cannabis products solely within
in the Commonwealth of Pennsylvania in accordance with the Laws of the Commonwealth of Pennsylvania and the terms and conditions of the Dispensary Permit, no Owned Intellectual Property, or product or service of the business of the Company, is
subject to any order, settlement agreement or Contract that restricts in any manner the use, transfer, licensing or enforcing thereof by the Company or may affect the validity, use or enforceability thereof, subject to the Federal Exception. 

(b) Schedule 2.10(b)(i) sets forth a true, complete and correct list of all Owned Intellectual Property for which a registration or
application has been filed with, or issued by or registered with, a governmental body, register service or social media account (collectively, “Registered Intellectual Property”), and such list includes for each item of Registered
Intellectual Property appropriate identifying details and the next upcoming deadline. Schedule 2.10(b)(ii) sets forth a true, complete and correct list of all Trademarks and service marks that are Owned Intellectual Property and not
otherwise identified on Schedule 2.10(b)(i). Schedule 2.10(b)(iii) sets forth a true, complete and correct list of each corporate, limited liability company, trade or fictitious name under which the business of the Company has
been conducted at any time prior to Closing. Except as set forth in Schedule 2.10(b)(i), there are no actions that must be taken within one hundred eighty (180) days of Closing, including responding to office actions, the payment of any
registration, maintenance or renewal fees or the filing of any documents, applications or certificates for the purposes of maintaining, perfecting or preserving or renewing any Registered Intellectual Property. Each item of Registered Intellectual
Property is valid and subsisting, and all necessary registration, maintenance and renewal fees in connection with such Registered Intellectual Property have been paid and all necessary documents and certificates in connection with such Registered
Intellectual Property have been filed with the relevant Patent, Copyright, Trademark or other authorities in the United States or foreign jurisdictions, as the case may be, for the purposes of maintaining such Registered Intellectual Property. 

(c) The Company has obtained and possesses valid and sufficient licenses to use all of the software programs present on the computers and other
software-enabled electronic devices that it owns or leases or that it has otherwise provided to others for their use in connection with the Company’s business. Schedule 2.10(c) sets forth a true, complete and correct list of all written
licenses and arrangements (other than ordinary course licenses of commercially available software that, in each case, does not exceed license fees of $50,000), pursuant to which the use by 

  

			
	Membership Interest Purchase Agreement	  	Page 20 of 68

 
the Company of any Intellectual Property Rights is permitted by any Person (collectively, the “Intellectual Property Licenses”). The Intellectual Property Licenses are valid,
binding and enforceable between the Company and the other parties thereto and are in full force and effect. There is no default under any Intellectual Property License by the Company and by any other party thereto, and no event has occurred that
with the lapse of time or the giving of notice or both would constitute a default thereunder. There are no Intellectual Property Licenses for which there are any threatened or ongoing Legal Proceedings or, to the Company’s Knowledge, other
dispute regarding the scope of such Intellectual Property License or performance under such Intellectual Property License including with respect to any payments to be made or received by the Company. 

(d) Except as set forth on Schedule 2.10(d), all employees, consultants and/or other Persons of the Company involved in the development
of Owned Intellectual Property have entered into confidentiality and assignment of inventions agreements substantially in the form included on Schedule 2.10(d). Accordingly, to the extent that any Owned Intellectual Property of the Company
has been developed or created by any Person other than the Company or jointly with any Person other than the Company, the Company has a valid, enforceable and written assignment sufficient to irrevocably transfer all rights in such Owned
Intellectual Property to the Company, and the Company is the exclusive owner of all such Owned Intellectual Property. In each case in which the Company has acquired any Owned Intellectual Property from any Person, the Company has obtained a valid
and enforceable assignment sufficient to irrevocably transfer all rights in such Owned Intellectual Property to the Company. The Company has obtained releases from all Persons featured, or whose name or likeness is used, in any of the Company’s
current or proposed products, services, advertising or marketing materials, and related collateral substantially in the form included on Schedule 2.10(d). 

(e) The Company has not transferred ownership of, or granted any exclusive license of or exclusive right to use, or authorized the retention of
any exclusive rights to use or joint ownership of, any Owned Intellectual Property to any Person. Schedule 2.10(e) contains a complete and correct list of all Contracts under which the Company has granted to others a non-exclusive license, covenant not to sue or any other interest in, or any right to use or exploit, any Owned Intellectual Property. 

(f) The operation of the business of the Company as currently conducted and as proposed to be conducted, including the design, development,
use, import, branding, advertising, promotion, marketing, manufacture, and sale of any product, technology or service of the business of the Company does not infringe or misappropriate, and will not infringe or misappropriate, any Intellectual
Property Rights of any Person, violate any right of any Person (including any right to privacy or publicity), or constitute unfair competition or trade practices under the Laws of any jurisdiction. The Company has not received notice from any Person
claiming that such operation or any act, product, technology, service or Owned Intellectual Property infringes or misappropriates any Intellectual Property Rights of any Person, violates any right of any Person (including any right to privacy or
publicity), or constitutes unfair competition or trade practices under the Laws of any jurisdiction (nor does the Company have Knowledge of any basis therefor). 

(g) There is no claim or demand of any Person pertaining to, or any proceeding that is pending, or to the Company’s Knowledge threatened,
that challenges the rights of the Company, in respect of any Owned Intellectual Property. To the Company’s Knowledge, no Person is infringing or misappropriating any Owned Intellectual Property. 

  

			
	Membership Interest Purchase Agreement	  	Page 21 of 68

 (h) The Transaction Agreements and the transactions contemplated by the Transaction
Agreements will not result in (i) any third party being granted rights or access to any Owned Intellectual Property, (ii) the Company losing any right to any Owned Intellectual Property or under any Intellectual Property License, or
(iii) the Purchaser being obligated to pay any royalties or other amounts to any third party in excess of those payable by the Company prior to Closing pursuant to any Contract to which the Company is a party or by which it or its assets is
bound. 
 (i) The Company has implemented and maintained administrative, technical and physical measures to prevent the introduction of
contaminants into products and services (and all parts thereof) of the Company from software licensed from third parties. The Company has implemented and maintained administrative, technical and physical measures to protect the information
technology systems used in connection with the operation of its business from contaminants, including any and all “back door,” “time bomb,” “Trojan horse,” “worm,” “drop dead device,”
“virus” or other software routines or hardware components designed to permit unauthorized access or the unauthorized disablement or erasure of data or other software. To the Company’s Knowledge, there have been no unauthorized
intrusions or breaches of the security of information technology systems of the Company. 
 (j) The Company has implemented and maintained
policies and measures to protect and maintain in a confidential manner the integrity and security of personal information. The Company has a privacy policy regarding the collection, use, and disclosure of personal information in connection with the
operation of the business and is and has been in compliance with such privacy policy. The Company has in the past two (2) years posted a privacy policy in a clear conspicuous location on its website(s) and any mobile application(s) owner
operated by the Company. The Company has adequate technical and procedural measures in place to protect personal information collected by, or in the possession of, the Company against loss, unauthorized access, or unauthorized disclosure. The
Company is not subject to any obligation that would prevent the Company, Purchaser, or any of their Affiliates from using personal information in a manner consistent with any industry standards regarding the collection, retention, use, or disclosure
of such information. No claims are pending or, to the Knowledge of the Company, threatened or likely to be asserted against the Company by any person alleging a violation of applicable Laws or rights relating to privacy, personal information, or any
other confidentiality rights of an individual. 
 2.11 Compliance with Other Instruments. 

(a) No Company Party is in violation of or default under (i) any provisions of their respective formation or governing documents,
including, without limitation, the Company’s certificate of organization or operating agreement, (ii) any instrument, judgment, order, writ or decree, (iii) any note, indenture or mortgage, (iv) any lease, agreement, Contract or
purchase order to which any Company Party is a party or bound or is material to the business of the Company, or (v) subject to the Federal Exception, any provision of Law applicable to any Company Party. 

  

			
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 (b) Neither the execution, delivery and/or performance of any of the Transaction Agreements,
nor the consummation of the transactions contemplated by any of the Transaction Agreements, will, directly or indirectly, (i) contravene, conflict with, result in or constitute (with or without the passage of time or giving of notice) a
violation of any Law, subject to the Federal Exception, or judicial or administrative order to which any Company Party, or any of their respective assets, may be subject; (ii) contravene, conflict with, result in or constitute (with or without
the passage of time or giving of notice) a violation or breach of any provision of any Company Party’s organizational documents; (iii) contravene, conflict with, result in or constitute (with or without the passage of time or giving of
notice) a violation or breach of any provision of, or give any Person the right to declare a default or exercise any remedy under, or to accelerate the maturity or performance of, or to cancel, terminate, or modify, any Contract to which any Company
Party is a party; (vi) result in, or constitute (with or without the passage of time or giving of notice) an event that results in, the imposition or creation of any Lien upon or with respect to any of the Purchased Interests or any Company
Party’s assets; or (v) result in, or constitute (with or without the passage of time or giving of notice) an event that results in, the suspension, revocation, forfeiture, or nonrenewal of any permit or license applicable to the Company,
including, without limitation, the Dispensary Permit. 
 2.12 Agreements; Actions. Except as set forth on Schedule 2.12: 

(a) There are no Contracts or proposed transactions to which the Company is a party or by which it is bound that involve (i) obligations
(contingent or otherwise) of, or payments to, the Company in excess of Twenty-Five Thousand Dollars ($25,000.00) annually or over the lifetime of such Contract or proposed transaction, (ii) the license of any Patent, Copyright, Trademark, trade
secret or other Intellectual Property Right to or from the Company, (iii) the grant of rights to manufacture, produce, assemble, license, market, or sell its products or services, including, without limitation, medical marijuana,
(iv) indemnification by the Company with respect to infringements of Intellectual Property Rights, or (v) obligations outside the ordinary course of business or inconsistent with any past practices of the Company (for the purposes of this
Section 2.12(a), all Indebtedness, Liabilities, Contracts and proposed transactions involving the same Person (including Persons the Company has reason to believe are affiliated with each other) shall be aggregated for the
purpose of meeting the individual minimum dollar amounts); 
 (b) The Company is not a party to or bound by any Cannabis Service Provider
Contracts; 
 (c) The Company has not (i) authorized or declared any distribution upon or with respect to its equity interests that have
not been paid in full, (ii) incurred any Indebtedness for money borrowed or incurred any other Liabilities in excess of Twenty-Five Thousand Dollars ($25,000.00), individually or in the aggregate, (iii) made any loans or advances to any
Person, or 
 (iv) sold, exchanged or otherwise disposed of any of its assets or rights (for the purposes of this
Section 2.12(c), all Indebtedness, Liabilities, Contracts and proposed transactions involving the same Person (including Persons the Company has reason to believe are affiliated with each other) shall be aggregated for the
purpose of meeting the individual minimum dollar amounts); 
 (d) The Company is not a guarantor or indemnitor of any Indebtedness of any
other Person; 

  

			
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 (e) The Company is not a party to or bound by any Contract that purports to: (i) limit,
curtail or restrict the ability of the Company in any respect to: (A) compete with any other Person or compete in any geographic area, line of business, or market; (B) make sales or provide services to any Person in any manner;
(C) use or enforce any Owned Intellectual Property; or (D) develop or distribute any technology or Intellectual Property Right; (ii) solicit the employment of, or hire, any potential employees, consultants, or contractors of any Person; or
(iii) grant the other party or any customer “most favored nation” pricing or similar status; 
 (f) The Company is not a party
to or bound by any Contract creating or relating to any partnership or joint venture or any sharing of revenues, profits, losses, costs or Liabilities or the payment of any royalties; 

(g) The Company is not a party to or bound by any Contract to provide or license any of its products or services to any third party on an
exclusive basis or to license any product or service on an exclusive basis from a third party; 
 (h) There are no Contracts pursuant to
which the Company grants rights or authority to any Person with respect to any Owned Intellectual Property or Licensed Intellectual Property other than customer agreements entered into in the ordinary course of business; 

(i) The Company is not a party to or bound by any Contract relating to the acquisition, transfer, use, development, sharing or license of any
technology or Intellectual Property Rights; 
 (j) The Company is not a party to or bound by any Contract under which the Company has a
warranty obligation inconsistent with past practices or any indemnification obligation; 
 (k) There are no Contracts relating to future
expenditures by the Company anticipated to result in aggregate costs in excess of Twenty-Five Thousand Dollars ($25,000); 
 (l) The Company
is not a party to or bound by any Contract pursuant to which the Company has delivered, or is required to deliver, its source code to third parties, including any source code escrow agents, or may otherwise be required to release its source code to
third parties; 
 (m) The Company is not a party to or bound by a collective bargaining agreement or Contract with any Union; 

(n) The Company is not a party to or bound by any Contract with any Person characterized and treated by the Company as a consultant or
independent contractor; and 
 (o) The Company is not a party to or bound by any Contract for the employment of any Person, the terms of
which (i) provide annual cash compensation to such Person, in the form of salary, that exceeds Fifty Thousand Dollars ($50,000), (ii) provide for the payment to such Person of any cash or other compensation, benefits under any Employee Benefit
Plan, or an equity option or grant, upon the sale of all or a material portion of the assets of, or a change of control of, the Company, or (iii) restrict the ability of the Company to terminate the employment or services of such Person at any
time without penalty or liability (other than at-will employment agreements with any Person that do not commit the Company to pay severance, termination or other similar payments and that are terminable
without prior notice). 

  

			
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 2.13 Certain Transactions. Except as set forth on Schedule 2.13: 

(a) There are no Contracts or proposed transactions that have not been performed in full between the Company and any of its officers, members,
managers, consultants or employees, or any Affiliate thereof. 
 (b) The Company is not indebted, directly or indirectly, to any of its
members, managers, officers or employees or to their respective spouses or children or to any Affiliate of any of the foregoing. No members, managers, officers or employees of the Company, or any members of their immediate families, or any Affiliate
of the foregoing are, directly or indirectly, indebted to the Company or have any (i) material commercial, industrial, banking, consulting, legal, accounting, charitable or familial relationship with the customers, suppliers, service providers,
joint venture partners, licensees and Competitors of the Company, (ii) direct or indirect ownership interest in any Person with which the Company is affiliated or with which the Company has a business relationship, or any Person which competes
with the Company except that managers, officers, employees or equityholders of the Company may own equity in (but not exceeding two percent (2%) of the outstanding equity of) publicly traded companies that may compete with the Company; or
(iii) financial interest in any Contract with the Company. 
 2.14 Rights of Registration and Voting Rights. The Company is not
under any obligation to register under the Securities Act any of its currently outstanding securities. No member of the Company has entered into any Contracts with respect to the voting of equity interests of the Company. 

2.15 Paycheck Protection Program. The Company has not applied for or obtained any loan or other Indebtedness or amount pursuant to or in
connection with the CARES Act (including the Paycheck Protection Program and any other programs established thereby) or any other COVID-19 related Law. 

2.16 Assets and Property. Except as set forth on Schedule 2.16: 

(a) The Company owns good and valid title to its assets, including the Dispensary Permit (collectively, the “Owned Property”),
all of which are free and clear of all Liens other than Liens for Taxes not yet due or payable. Other than this Agreement, none of the Owned Property is subject to any leases, Contracts, management agreements, brokerage agreements, leasing
agreements, rights of first offer or rights to purchase or other agreements or instruments in force or effect that grant to any Person a right, title, interest or benefit in and to all or any part of the Owned Property or any right to use, operate,
manage, maintain, or repair the Owned Property. The Dispensary Permit is not subject to any pending or, to the Company’s Knowledge, threatened Legal Proceeding. 

(b) The Company owns no real property assets. 

  

			
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 (c) Schedule 2.16(c) sets forth each parcel of real property leased, subleased or
licensed by the Company (together with all rights, title and interest of the Company in and to leasehold improvements relating thereto, including, but not limited to, security deposits, reserves or prepaid rents paid in connection therewith,
collectively, the “Leased Real Property”), including, with respect to each Real Property Lease, the name of the landlord, the name of the tenant, and the location of the real property, the rental amount currently being paid
thereunder, the expiration of the term, the current use, and a true and complete list of all leases, subleases, licenses, concessions and other Contracts (whether written or oral), including all amendments, extensions, renewals, guaranties and other
Contracts with respect thereto, pursuant to which the Company holds, leases, subleases or licenses any Leased Real Property (collectively, the “Real Property Leases”). With respect to the Real Property Leases, (i) each
Real Property Lease is in full force and effect, the Company is in compliance with each Real Property Lease to which it is a party or subject including payment of all rent due and payable under the Real Property Leases, and no event has
occurred or circumstance exists that, with the delivery of notice, passage of time or both, would constitute a breach or default of any Real Property Lease, (ii) the Company has not received or given a notice of any default or event that with
notice or lapse of time would constitute a default by the Company or any other party under any of the Real Property Leases, (iii) the Company holds a valid leasehold interest free of any Liens other than those of the lessors of such Leased Real
Property, (iv) the Company has not subleased, assigned or otherwise granted any other Person the right to use or occupy any Leased Real Property or any portion thereof, (v) there are no Contracts, rights of first offer or rights to
purchase or other agreements or instruments in force or effect that grant to any Person any right, title, interest, or benefit in and to all or any part of the Leased Real Property, and (vi) the change of ownership of the Company contemplated
by this Agreement does not require (A) the consent of any party to such Real Property Lease or (B) any payment of any transfer fee or other amount to the landlord under each such Real Property Lease. 

(d) The Company has not received, and to the Company’s Knowledge, no other party has received with respect to the Owned Property or any
Leased Real Property, any citation, subpoena, summons or other written notice from any Governmental Authority alleging any non-compliance or violation of any zoning, fire, health or building codes. The use by
the Company of the Owned Property and the Leased Real Property is in compliance in all material respects with all applicable Laws. There are not actions pending nor, to the Company’s Knowledge, threatened against or affecting the Leased Real
Property or any portion thereof or interest therein or in lieu of condemnation or eminent domain proceedings. 
 (e) No Real Property Lease
contains any provision providing that the other party thereto (i.e., the party other than the applicable Company) may terminate or exercise other rights under such Real Property Lease as a result of the consummation of the transactions contemplated
by this Agreement and the other Transaction Agreements and no Consent is required under any Real Property Lease to consummate the transactions contemplated by this Agreement and the other Transaction Agreements. The Company has delivered or
otherwise made available to Purchaser true, correct and complete copies of the Real Property Leases, together with all amendments, modifications or supplements, if any, thereto, and any material correspondence with any of the parties to the Real
Property Leases or with any Governmental Authority, and all other written Contracts related to the Owned Property or the Leased Real Property. 

  

			
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 (f) Except as set forth in Schedule 2.16(f), the buildings, structures, fixtures and
building systems included in the Leased Real Property are, in all material respects, in good operating condition and repair, except with respect to ordinary wear and tear and ordinary and customary scheduled maintenance and repair, are free from
structural, physical and mechanical defects, are maintained in a manner consistent with standards generally followed with respect to similar properties, and are structurally sufficient for the conduct of the Company’s businesses. To the
Company’s Knowledge, there are no material latent defects or material adverse physical conditions with respect to any Leased Real Property. No Company Party is a party to any Contract or subject to any claim that may require the payment of any
real estate brokerage commissions, and no such commission is owed, with respect to any of the Real Property Leases or any of the Owned Property. 

(g) Each tangible property and asset of the Company, whether owned or leased, that has a fair market value or book value in excess of Fifty
Thousand Dollars ($50,000.00) is set forth on Schedule 2.16(g). 
 (h) Neither Sellers nor any Affiliate of any Seller other than the
Company owns or controls, whether directly or indirectly, any assets, whether tangible or intangible or of any type or nature, that are used by or in connection with the businesses and/or operations of the Company, as such businesses and/or
operations are currently conducted by the Company or have been conducted by the Company within the twelve (12) months preceding the Effective Date (such assets, “Outside Assets”). 

2.17 No Undisclosed Liabilities. The Company has no Liabilities, except (a) those specifically reflected and accrued for or
specifically reserved against in the Most Recent Balance Sheet and (b) those incurred after the Most Recent Balance Sheet Date in the ordinary course of business consistent with past practice (none of which results from, arises out of, relates
to, is in the nature of, or was caused by any breach of Contract, breach of warranty, tort, infringement, or violation of Law) and that are not material in amount, individually or in the aggregate. 

2.18 Changes. Except as set forth on Schedule 2.18, since January 1, 2020, there have been no events or circumstances of any
kind that have had or could reasonably be expected to result in a Material Adverse Effect. Without limiting the generality of the foregoing, the Company has not: 

(a) modified any Contract listed (or required to be listed) on Schedule 2.12 or terminated any Contract that if not terminated would
have been listed thereon; 
 (b) suffered any material damage, destruction or loss to any of its properties or assets (whether or not covered
by insurance); 
 (c) satisfied or discharged any Lien or paid or incurred any Liability in excess of Twenty-Five Thousand Dollars ($25,000);

 (d) mortgaged, pledged, transferred a security interest in, or subjected to any Lien any of its properties or assets, except Liens for
Taxes not yet due or payable and Liens that arise in the ordinary course of business and that do not materially impair its ownership or use of such property or assets; 

  

			
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 (e) entered into any loans or guarantees, to or for the benefit of its members, managers,
employees or officers, or any of their respective Family Members; 
 (f) made (i) any filings, applications or registrations with any
Governmental Authority relating to COVID-19 or (ii) any other filings, applications or registrations with any Governmental Authority other than routine filings and registrations made in the ordinary
course of business; 
 (g) sold, assigned, or transferred any material Company Intellectual Property; 

(h) purchased, sold, leased, exchanged or otherwise disposed of or acquired any property or assets for which the aggregate consideration paid
or payable is in excess of Twenty-Five Thousand Dollars ($25,000) in any individual or series of related transactions, except inventory in the ordinary course of business; 

(i) changed its accounting practices or policies; 

(j) made or changed any Tax election, adopted or changed any material Tax accounting method, settled or compromised any Tax claim or
assessment, entered into any closing agreement in respect of Taxes, filed any amended Tax Return, or consented to the waiver or extension of the limitations period for any Tax claim or assessment; 

(k) disposed or agreed to dispose of any material properties or assets; 

(l) canceled or forgiven without fair consideration any material Indebtedness or claims; 

(m) issued any equity interests; 

(n) granted options, warrants, calls or other rights to purchase or otherwise acquire its equity interests or other securities; 

(o) declared, set aside, made or paid any distribution in respect of its equity interests; 

(p) repurchased, redeemed or otherwise acquired any of its outstanding equity interests or other securities; 

(q) transferred, issued, sold or disposed of any of its equity interests or other securities, or granted options, warrants, calls or other
rights to purchase or otherwise acquire any of its equity interests or other securities; 
 (r) commenced or settled any Legal Proceeding by
it, or been given notice of the commencement or settlement of any Legal Proceeding, or the threat thereof, against it or relating to any of its businesses, employees, properties or assets; 

  

			
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 (s) entered into, modified, or terminated any collective bargaining agreement or any other
Contract with any workers’ representative organization, bargaining unit or Union representing or purporting or attempting to represent any employees of the Company; 

(t) laid off or terminated employees of the Company in a manner that would result in a material liability under the Worker Adjustment and
Retraining Notification Act of 1988 or similar state or local applicable Law (collectively, the “WARN Act”) 
 (u) received
written notice of any claim for wrongful discharge or any other unlawful employment or labor practice or action; 
 (v) incurred any
Indebtedness or amended the terms of any outstanding Indebtedness; 
 (w) changed its ordinary course cash management practices with respect
to the collection of Receivables and payment of payables and other current Liabilities; 
 (x) hired or terminated any senior
management-level employee, promoted, demoted or made any other change to the employment status or title of any officer or manager, or had any of its managers or officers resign or be removed; 

(y) required or permitted any employee or contractor of the Company to work remotely as a result of or in connection with COVID-19 (scheduling the name of the employee(s) and contractor(s), job title (for employees), services rendered (for contractors), and the dates of such remote work); 

(z) received notice that any employee or contractor of the Company tested positive for COVID-19
(scheduling only the total amount of employees and contractors for which Company has received such notice, and not providing any individual names); 

(aa) closed (whether temporarily or otherwise) or limited access to any office or facility of the Company as a result of or in connection with COVID-19; 
 (bb) granted Families First Coronavirus Response Act leave to any employee or granted an
accommodation to any employee as a result of or in connection with COVID-19 (without identifying the specific reason that the individual is on leave or being provided an accommodation), scheduling the name of
the individual on leave and the expected return date, and each individual with an accommodation, the type of accommodation, and its expected duration; 

(cc) took any other actions outside the ordinary course of business as a result of or in connection with
COVID-19; 
 (dd) increased or made any other change to the employment status, title, salary, wages,
bonus or other compensation (including equity based compensation) payable or to become payable by it to any of its officers, directors, employees or consultants, other than increases to base wages or salaries in the ordinary course of business or to
the extent required by applicable Law; 

  

			
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 (ee) entered into any Contract for the grant by it of any severance, termination pay or
bonus (in cash or otherwise) to any of its current or former employees, officers, managers, consultants or independent contractors; 
 (ff)
effected any recapitalization, reclassification, equity split or like change in its capitalization; 
 (gg) entered into any new line of
business or materially changed the operations or business plan for any existing line of business; 
 (hh) merged or consolidated with, or
agreed to merge or consolidate with, or purchased or agreed to purchase all or substantially all of the assets of, or otherwise acquired or agreed to acquire, any business, business organization or division of any other Person; 

(ii) amended its certificate of organization or the operating agreement; or 

(jj) arranged or committed to take any of the foregoing actions described in this Section 2.18. 

2.19 Labor and Employment Matters. 

(a) As of the Effective Date, the Company employs the number of full-time employees and the number of part-time employees set forth on
Schedule 2.19(a), and engages the number of consultants or independent contractors set forth on Schedule 2.19(a). The Company has provided Purchaser a list of all Persons who are employees, consultants or independent contractors of the
Company (including any employee on leave of absence) as of the Effective Date, which list was true, complete, and accurate in all respects as of the Effective Date, and for each such Person has provided the following, as applicable: (i) name;
(ii) title or position; (iii) location at which such Person is employed or provides services; (iv) full-time or part-time basis; (v) bargaining unit membership (vi) hire date; (vii) current base compensation rate;
(viii) commission, bonus, or other incentive-based compensation; and (ix) designation as either exempt or non-exempt from the overtime requirements of the Fair Labor Standards Act and applicable
state Laws. Schedule 2.19(a) sets forth a detailed description of all compensation, including applicable annual base salary or hourly rate, commission, bonus, incentive-based compensation, severance obligations and deferred compensation, paid
or payable for each officer, employee, consultant and independent contractor of the Company who received compensation in excess of $50,000 for the fiscal year ended December 31, 2019, or is anticipated to receive compensation in excess of
$50,000 for the fiscal year ending December 31, 2020. All employees of the Company who are currently, and in the past three (3) years have been, classified as exempt from the minimum wage and overtime compensation requirements of the Fair
Labor Standards Act and applicable state Laws are, and have been, properly treated as exempt from such applicable Laws. 
 (b) Schedule
2.19(b) sets forth any employment, consulting or professional services Contract with any current employee or other Person providing services to the Company providing for base compensation in excess of $50,000 per annum (excluding offer letters
on the Company’s standard form in the ordinary course of business to its employees) or providing for payments upon the completion of any acquisition of the Company. 

  

			
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 (c) To the Company’s Knowledge, none of the employees of the Company are obligated
under any Contract (including licenses, covenants or commitments of any nature), or subject to any judgment, decree or order of any court or administrative agency, that would materially interfere with such employee’s ability to promote the
interest of the Company or that would conflict with the Company’s business. Neither the execution or delivery of the Transaction Agreements, nor the carrying on of the Company’s business by the employees of the Company, nor the conduct of
the Company’s business as now conducted and as presently proposed to be conducted, will conflict with or result in a breach of the terms, conditions, or provisions of, or constitute a default under, any Contract or covenant under which any such
employee is obligated. 
 (d) The Company is not delinquent in payments to any of its employees, consultants, or independent contractors for
any wages, salaries, commissions, bonuses, or other direct compensation or remuneration for any service performed for the Company, or amounts required to be reimbursed to such employees, consultants or independent contractors. The Company has
withheld and paid to the appropriate Governmental Authority or is holding for payment not yet due to such Governmental Authority all amounts required to be withheld from employees of the Company and is not liable for any arrears of wages, taxes,
penalties or other sums for failure to comply with any of the foregoing. 
 (e) To the Company’s Knowledge, no salaried employee intends
to terminate employment with the Company or is otherwise likely to become unavailable to continue as an employee of the Company. The Company has no present intention to terminate the employment of any employee. The employment of each employee of the
Company is terminable at the will of the Company. Except as expressly required elsewhere in this Agreement or as set forth on Schedule 2.19(e), Schedule 2.19(i), or as required by applicable Law, upon termination of the
employment of any employees of the Company, no severance or other payments will become due. No former employee of the Company has any pending, or to the Company’s Knowledge, threatened claim against the Company for severance, separation pay,
wages, bonuses, overtime or any other compensation in connection with, or related in any way to, his or her employment and/or separation from employment with the Company. Except as set forth on Schedule 2.19(e), the Company has no policy,
practice, plan or program of paying severance pay or any form of severance compensation in connection with the termination of employment services. 

(f) Each former Key Employee whose employment was terminated by the Company has entered into an agreement with the Company providing for the
full release of any claims against the Company or any related party arising out of such employment. 
 (g) To the Company’s Knowledge,
none of the Key Employees or managers or officers of the Company has been (i) subject to voluntary or involuntary petition under the federal bankruptcy Laws or any state insolvency Law or the appointment of a receiver, fiscal agent or similar
officer by a court for his or her business or property; (ii) convicted in a criminal proceeding or named as a subject of a pending criminal proceeding (excluding traffic violations and other minor offenses); (iii) subject to any order, judgment
or decree (not subsequently reversed, suspended, or vacated) of any court of competent jurisdiction permanently or temporarily enjoining him or her from engaging, or otherwise imposing limits or conditions on his or her engagement in any type of
business; or (iv) found by a court of competent jurisdiction in a civil action or by the Securities and Exchange Commission to have violated any federal or state securities, commodities, or unfair trade practices Law, which such judgment or
finding has not been subsequently reversed, suspended, or vacated. 

  

			
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 (h) Except as set forth in Schedule 2.19(h), he Company is and has been in compliance
in all material respects with all applicable Laws pertaining to employment, employment practices, terms and conditions of employment, labor relations, collective bargaining, worker classification, Tax withholding, equal employment opportunities,
fair employment practices, employment discrimination, harassment, retaliation, reasonable accommodation, disability rights or benefits, meal and rest periods, immigration, background checks, employee privacy, occupational safety and health,
including maintaining proper injury and illness recordkeeping, classification of employees as exempt or non-exempt from minimum wage and overtime compensation, payment of wages (including overtime
compensation), compensation, hours of work, child labor, sick, vacation and other paid time off, leaves of absence, uniformed services employment and reemployment, whistleblowers, workers’ compensation insurance, and unemployment insurance, and
in each case, with respect to employees: (i) has withheld and reported all amounts required by applicable Law or by Contract to be withheld and reported with respect to wages, salaries and other payments to employees, (ii) is not liable
for any arrears of wages (including overtime compensation), severance pay or any taxes or any penalty for failure to comply with any of the foregoing, and (iii) is not liable for any payment to any trust or other fund governed by or maintained
by or on behalf of any Governmental Authority, with respect to unemployment compensation benefits, social security or other benefits or obligations for employees (other than routine payments to be made in the normal course of business and consistent
with past practice). 
 (i) The Company is not a party to or bound by, nor has the Company ever been a party to or bound by, any union
agreement or collective bargaining agreement, labor peace agreement, or work rules or practices agreed to with any labor organization, trade union, works council, employee association or similar grouping of employee representation
(“Union”) representing any of its employees, and there are no Unions purporting to represent or, to the Company’s Knowledge, attempting to represent any employee of the Company. There are no representation hearings, grievances,
arbitrations, unfair labor practice charges, or other labor disputes pending before the National Labor Relations Board or any similar Governmental Authority or, to the Company’s Knowledge, threatened against the Company. The Company is not a
party to or bound by any union health and welfare funds or pension funds, and does not contribute to any Multiemployer Plans. There has never been, nor has there been any threat of, any strike, slowdown, work stoppage, lockout, concerted refusal to
work overtime or other similar labor disruption or dispute affecting the Company or any employee of the Company. 
 (j) Except as set forth
in Schedule 2.19(j), the Company is and has been in compliance in all material respects with all applicable Laws relating to labor and labor relations. 

(k) Within the past five (5) years, there have been no Legal Proceedings pending, threatened or reasonably anticipated against the Company
or any employee of the Company relating to any current or former employee, consultant, contractor, applicant for employment, employment agreement, consulting agreement, or independent contractor agreement. Except as set forth in Schedule
2.19(k), the Company has not received written notice of the intent of any Governmental Authority responsible for the enforcement of labor, employment, 

  

			
	Membership Interest Purchase Agreement	  	Page 32 of 68

 
immigration, child labor, meal and rest break, wage and hour, occupational health and safety, workplace safety, insurance, disability, or workers’ compensation Laws to conduct an
investigation, inspection or audit of the Company and, to the Company’s Knowledge, no such investigation, inspection or audit is in progress. There are no outstanding assessments, penalties, fines, liens, charges, surcharges, or other amounts
due or owing by the Company pursuant to any labor, employment, immigration, child labor, meal and rest break, wage and hour, occupational health and safety, workplace safety, insurance, disability, or workers’ compensation Laws. There are no
internal complaints or reports by any current or former employee, consultant, or independent contractor of the Company pursuant to the anti-discrimination or anti-harassment policies of the Company that are pending or under investigation. There are
no internal complaints or reports by any employee of the Company alleging failure to pay minimum wage or overtime compensation, or misclassification of any employee of the Company as exempt from minimum wage and overtime compensation requirements
under applicable Law, that are pending or under investigation. The Company is not a party to a conciliation agreement, consent decree, settlement agreement or other agreement or order with any federal, state, or local agency or Governmental
Authority with respect to labor or employment practices. 
 (l) All employees of the Company are authorized to work in the United States.
Except as set forth in Schedule 2.19(l), the Company maintains current files containing verification of employment authorization and identity of each current and former employees of the Company to the extent required by applicable Laws. No
Legal Proceeding has been filed or commenced against the Company or, to the Company’s Knowledge, any employees thereof, that: (i) alleges any failure to comply with federal immigration Laws; or (ii) seeks removal, exclusion or other
restrictions on (A) such employee’s ability to reside and/or accept employment lawfully in the United States and/or (B) the continued ability of the Company to sponsor employees for immigration benefits. Except as set forth in
Schedule 2.19(l), the Company maintains adequate internal systems and procedures to provide reasonable assurance that all employee hiring is conducted in compliance with all applicable Laws relating to immigration and naturalization. No
audit, investigation, or other Legal Proceeding has been commenced against the Company at any time with respect to its compliance with applicable Laws relating to immigration and naturalization in connection with its hiring practices. 

(m) The Company has not taken any action that would constitute a “plant closing” or “mass layoff” within the meaning of the
WARN Act, issued any notification of a plant closing or mass layoff required by the WARN Act, or incurred any Liability under the WARN Act that remains unsatisfied. 

(n) Except as set forth in Schedule 2.19(n), the Company has no Liability with respect to any misclassification of: (i) any Person
as an independent contractor rather than as an employee, (ii) any temporary employee or employee leased from another employer, or (iii) any employee currently or formerly classified as exempt from the minimum wage and overtime compensation
requirements of the Fair Labor Standards Act and similar applicable state Law. The Company is not currently a party to any Contracts with any professional employer organization or temporary staffing agency. 

  

			
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 (o) The consummation of the transactions contemplated by this Agreement and the other
Transaction Agreements will not: (i) make operative any bonus, incentive, deferred compensation, severance, termination, retention, change of control, equity option, equity appreciation, equity purchase, phantom equity or other compensation
plan, program, arrangement, Contract, policy or understanding, whether written or oral, that provides or may provide benefits or compensation to any employees; (ii) result in (A) an increase in the amount of compensation or benefits of any
employees or (B) the acceleration of the vesting or timing of payment of any compensation or benefits payable to or in respect of any employees or (iii) result in a violation of or an impermissible accrual or allocation under applicable
Laws, except, with respect to (i) and (ii), to the extent (and in the amounts) identified as Change of Control Payments on Schedule 2.19(o). 

(p) Except as set forth in Schedule 2.19(p), each employee of the Company has entered into a
non-disclosure agreement with the Company in substantially the form provided by the Company to Purchaser. 

(q) The Company has established, implemented and complied with commercially reasonable policies, practices and procedures to protect the health
and safety of its employees and contractors, and otherwise mitigate Liability and ensure the Company’s compliance with Law, in connection with COVID-19. To the Knowledge of the Company, no employee or
contractor of the Company has tested positive for COVID-19. The Company has not received any written notification alleging that any employee or contractor has any claim against the Company, or that the Company
otherwise has any Liability to any employee or contractor, in each case, in connection with COVID-19, and, to the Knowledge of Company, the Company has no such Liabilities. 

2.20 Employee Benefit Plans. 

(a) Schedule 2.20(a) sets forth all Employee Benefit Plans. No Employee Benefit Plan is, and none of the Company or any of its ERISA
Affiliates sponsors, maintains, contributes to, has any obligation to contribute to, or has, sponsored, maintained, contributed to or had any obligation to contribute to (i) a “pension plan” under Section 3(2) of ERISA that is
subject to Title IV of ERISA, (ii) a Multiemployer Plan, (iii) a “multiple employer plan” within the meaning of ERISA or an employee benefit plan subject to Section 413(c) of the Code or (iv) a “multiple employer
welfare arrangement” within the meaning of Section 3(40) of ERISA. 
 (b) The Company has made all required contributions and has
no Liability to any such Employee Benefit Plan, other than liability for health plan continuation coverage described in Part 6 of Title I(B) of ERISA, and has complied in all material respects with all applicable Laws for any such Employee Benefit
Plan. 
 (c) With respect to each Employee Benefit Plan, the Company has made available to Purchaser true and complete copies of
(i) each Employee Benefit Plan (or, if not written, a written summary of its material terms), including without limitation all plan documents, trust agreements, insurance contracts or other funding vehicles and all amendments thereto,
(ii) all summaries and summary plan descriptions, including any summary of material modifications, (iii) the three (3) most recent annual reports (Form 5500 series) filed with the Department of Labor (with all schedules and
attachments), (iv) the three (3) most recent actuarial reports or other financial statements relating to such Employee Benefit Plan, (v) the most recent determination or 

  

			
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opinion letter, if any, issued by the Internal Revenue Service and any pending request for such a letter, (vi) the three (3) most recent nondiscrimination tests performed under the
Code, (vii) all Contracts with any service provider with respect to any Employee Benefit Plan, and (viii) all filings made with any Governmental Authority, including but not limited to any filings under the Employee Plans Compliance
Resolution System or the Department of Labor Delinquent Filer Program. Each Employee Benefit Plan complies in all respects in form, and has in operation been administered in all material respects in accordance with, its terms and all applicable
Laws, including ERISA and the Code, and all contributions required to be made under the terms of any Employee Benefit Plan as of the Effective Date have been timely made or, if required but not yet due, have been properly reflected on the Most
Recent Balance Sheet. 
 (d) Except as set forth on Schedule 2.20(d), with respect to each Employee Benefit Plan, all tax, annual
reporting and other governmental filings required by ERISA and the Code have been timely filed with the appropriate Governmental Authority and all material notices and disclosures have been timely provided to participants. With respect to the
Employee Benefit Plans, no event has occurred and, to the Company’s Knowledge, there exists no condition or set of circumstances in connection with which the Company could be subject to any material Liability (other than for routine benefit
liabilities) under the terms of, or with respect to, such Employee Benefit Plans, ERISA, the Code or any other applicable Law. There are no pending audits or investigations by any Governmental Authority involving any Employee Benefit Plan, and no
threatened or pending claims (except for individual claims for benefits payable in the normal operation of the Employee Benefit Plans), or Legal Proceedings involving any Employee Benefit Plan, any fiduciary thereof or service provider thereto. None
of the Company, any Seller, or ERISA Affiliate has any Liability under Section 502 of ERISA. All contributions and payments to such Employee Benefit Plan are deductible under Section 162 or Section 404 of the Code. 

(e) Each Employee Benefit Plan that is intended to qualify under Section 401(a) of the Code has either (i) received a favorable
determination letter from the Internal Revenue Service as to its qualified status, or (ii) may rely upon a favorable prototype opinion letter from the Internal Revenue Service, and each trust established in connection with any Employee Benefit
Plan that is intended to be exempt from federal income taxation under Section 501(a) of the Code is so exempt. To the Company’s Knowledge, no fact or event has occurred that could cause the loss of the qualified status of any such Employee
Benefit Plan or the exempt status of any such trust. Each Employee Benefit Plan can be amended, terminated or otherwise discontinued in accordance with its terms, without Liability (other than Liability for ordinary administrative expenses typically
incurred in a termination event). None of the Company or, to the Company’s Knowledge, any other Person has any express or implied commitment, whether legally enforceable or not, to modify, change or terminate any Employee Benefit Plan, other
than with respect to a modification, change or termination required by ERISA or the Code. With respect to any Employee Benefit Plan, no “prohibited transaction”, within the meaning of ERISA or the Code, or breach of any duty imposed on
“fiduciaries” pursuant to ERISA, has resulted from the conduct of the Company or to the Company’s Knowledge, the conduct of any other Person. 

  

			
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 (f) Except as set forth in Schedule 2.20(f), neither the execution and delivery of
any of the Transaction Agreements, nor the consummation of the transactions contemplated by any of the Transaction Agreements, either alone or in combination with any other event, will (i) entitle any current or former employee, consultant or
manager or any group of such employees, consultants or managers to any payment of compensation; (ii) increase the amount of compensation or benefits due to any such employee, consultant or manager; or (iii) accelerate the vesting, funding
or time of payment of any compensation, equity award or other benefit. No amount that could be received (whether in cash, property, the vesting of property or otherwise) as a result of or in connection with the consummation of the transactions
contemplated by this Agreement (either alone or in combination with any other event) or by any of the other Transaction Agreements, by any employee, officer, manager or other service provider of the Company who is a “disqualified
individual” (as such term is defined in Treasury Regulation Section 1.280G-1) could be characterized as an “excess parachute payment” (as defined in Section 280G(b)(1) of the Code).

 (g) Except as set forth in Schedule 2.20(g), no security issued by the Company forms or has formed any part of the assets of any
Employee Benefit Plan. 
 (h) No Employee Benefit Plan provides any of the following retiree or post-employment benefits to any person:
medical, disability or life insurance benefits. 
 (i) The Company has no obligation to
“gross-up” or otherwise indemnify any individual for any Tax, including under Sections 409A and 4999 of the Code. 

(j) Any “group health plan” within the meaning of Section 5000(b)(1) of the Code maintained by the Company is in compliance with
the reporting, disclosure, notice, election, and other benefit continuation and coverage requirements of COBRA, the Health Insurance Portability and Accountability Act of 1996, and the regulations thereunder. 

(k) Each Employee Benefit Plan that is a “nonqualified deferred compensation plan” (within the meaning of Section 409A(d)(1) of
the Code), if any, has been maintained and operated in documentary and operational compliance with Section 409A of the Code. No payment pursuant to any Employee Benefit Plan or other arrangement to any “service provider” (as such term
is defined in Section 409A of the Code) would subject any Person to tax pursuant to Section 409A of the Code, whether pursuant to this Agreement or otherwise. 

2.21 Tax Returns and Payments. 

(a) There are no Taxes due and payable by the Company that have not been timely paid (whether or not shown on any Tax Return). There are no
accrued and unpaid Taxes of the Company that are due, whether or not assessed or disputed. The Company has duly and timely filed all Tax Returns required to have been filed by it and all such Tax Returns are true, correct and complete in all
material respects. The Company has not waived or extended any statute of limitations in respect of Taxes or agreed to any extension of time with respect to the assessment, payment or collection of any Tax. 

(b) The Company has withheld, collected and paid to the appropriate Governmental Authority all Taxes required to have been withheld, collected
and paid in connection with amounts paid or owing to any employee, independent contractor, creditor, equityholder, or other third party. 

  

			
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 (c) There are no Liens for Taxes (other than for current taxes not yet due and payable) on
any assets of any Company Party. 
 (d) No Company Party has received any notice or received any other communication from any Governmental
Authority that any Tax deficiency or delinquency has been asserted against the Company. There is no unpaid assessment, proposal for additional Taxes, deficiency or delinquency in the payment of any of the Taxes of the Company that has been asserted
by any Governmental Authority. No audit or other examination of any Tax Return of the Company is in progress. The Company has not received notice or any other communication from any Governmental Authority that a Governmental Authority audit of the
Company is pending or threatened. No adjustment relating to any Tax Return filed by the Company has been proposed by any Governmental Authority. The Company has not executed any waiver of any statute of limitations on or extending the period for the
assessment or collection of any Tax. Each Company Party has complied with applicable Laws relating to Taxes. 
 (e) The Company (i) has
never been a member of an affiliated or combined group filing a combined or unitary tax return for federal, state, local or foreign Tax purposes, and (ii) has never been a party to any joint venture, partnership or other Contract that could
reasonably be treated as a partnership for Tax purposes. 
 (f) The Company neither is or has been a party to or bound by a Tax-sharing, allocation or indemnification agreement or any similar arrangement. 
 (g) The Company has not
participated in a transaction that either constitutes a “listed transaction” or a “reportable transaction” within the meaning of Section 6707A(c) of the Code or Treasury Regulation
Section 1.6011-4(b). 
 (h) No Seller is a “foreign person” as defined in
Section 1445(f)(3) of the Code. 
 (i) The Company has not distributed equity of another entity, or has had its equity distributed by
another entity. 
 (j) The Company will not be required to include any item of income in, or exclude any item of deduction from, taxable
income for any taxable period (or portion thereof) ending after the Closing Date as a result of any: (i) change in method of accounting for a taxable period ending on or prior to the Closing Date, (ii) “closing agreement” as described
in Section 7121 of the Code (or any corresponding or similar provision of applicable Law with respect to state, local or foreign income Tax) executed on or prior to the Closing Date, (iii) installment sale or open transaction disposition
made on or prior to the Closing Date, (iv) prepaid amount received on or prior to the Closing Date, (v) utilization of a method of accounting other than the accrual method or (vi) election made pursuant to Section 108(i) of the
Code on or prior to the Closing Date. 
 (k) The Company is not subject to Tax in any country other than the United States by virtue of
having a permanent establishment or other place of business in such other country. 

  

			
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 (l) The Company is, and has been since its formation, classified as a partnership for all
income Tax purposes. 
 (m) The Company has not deferred any Taxes or other amounts pursuant to the CARES Act or any other Law related to COVID-19. 
 (n) The Company has not elected to apply the Partnership Audit Provisions for any taxable year
beginning prior to January 1, 2018. 
 2.22 Insurance. The Company maintains insurance policies and fidelity bonds of a type and
in an amount necessary to conduct its business. All insurance policies and fidelity bonds maintained by the Company are listed on Schedule 2.22. All such policies and bonds are in full force and effect, and all premiums due and payable
thereon have been paid in full as and when due. Schedule 2.22 contains a list of all pending claims under such insurance policies or fidelity bonds, and any claims under such insurance policies or fidelity bonds as to which the insurers of
such policies or issuers of such fidelity bonds have denied coverage. 
 2.23 Permits, Licenses, Accreditations and Authorizations.

 (a) The Company holds, and is in compliance and good standing with, all franchises, bonds, permits, licenses, certificates,
accreditations, and authorizations, and any similar authority necessary or advisable for the conduct of its business or contemplated business (collectively, “Licenses”), including, without limitation, the Dispensary Permit. All such
Licenses, along with their respective identifying numbers, if any, are listed on Schedule 2.23(a) and are valid and in full force and effect, and the Company is not delinquent in the payment of any fees or Taxes associated therewith. The
Company has provided true, correct and complete copies of all Licenses, including the Dispensary Permit, including all applications, approvals, proposed changes and amendments, renewals, documentation and correspondence received from any
Governmental Authority relating to such Licenses. 
 (b) Except as set forth in Schedule 2.23(b), the Company has not received any
notice of violation in respect of any Licenses, including but not limited to any citations for illegal activity or criminal conduct (by any Company Party), and no investigation or proceeding is pending or, to the Company’s Knowledge,
threatened, that would reasonably be expected to result in the suspension, revocation, non-renewal or limitation or restriction of any such License. To the Company’s Knowledge, there are no circumstances
(now existing or reasonably anticipated) that, with or without the passage of time, would cause the Company to be in default under any License, or cause the suspension, revocation, non-renewal or any
limitation or restriction of any such License. Except as set forth in Schedule 2.23(b), the Company (i) has not received any statement of deficiency or other notice from any Governmental Authority regarding
non-compliance with Law and (ii) has not issued, or is otherwise a party to, any plans of correction. To the Company’s Knowledge, there are no disciplinary actions pending against the Company with
the Department or any other Governmental Authority. 
 (c) To the Company’s Knowledge, neither the execution or delivery of any of the
Transaction Agreements nor the consummation of the transactions contemplated thereby will impair or result in the cancellation, suspension, revocation, forfeiture, or nonrenewal of any of the Licenses. 

  

			
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 2.24 Environmental Laws. Except as set forth on Schedule 2.24, (a) the Company
is and at all times has been in compliance with all Environmental Laws; (b) the Company is not the subject of any written decree, order, complaint, notice, citation or other communication relating to any actual, alleged, or potential violation
of or failure to comply with any Environmental Law, nor is the Company subject to any actual, or to the Company’s Knowledge, potential Liability under or pursuant to any Environmental Law; (c) there are no pending or, to the Company’s
Knowledge, threatened claims or encumbrances resulting from any Liability arising under or pursuant to any Environmental Law, with respect to or affecting any Real Property Leases or any asset or property currently or previously owned, leased or
otherwise used by the Company; (d) there has been no release or, to the Company’s Knowledge, threatened release of any pollutant, contaminant or toxic or hazardous material, Hazardous Substance or waste or petroleum or any fraction
thereof, on, upon, into or from any site currently or heretofore owned, leased or otherwise used by the Company; (e) the Company has not treated, stored, recycled or disposed of any Hazardous Substances on any property that is the subject of a
Real Property Lease or any real property currently or formerly owned, used or leased by the Company in a manner not in compliance with the Environmental Laws, and to the Company’s Knowledge, no other Person has treated, stored, recycled or
disposed of any Hazardous Substance on any part of any property that is the subject of a Real Property Lease or any real property owned, used or leased by the Company; (f) the Company has not released, and to the Company’s Knowledge, there has
been no release by any other Person of, any Hazardous Substance in violation of Environmental Laws at, on or under any property that is the subject of a Real Property Lease or any real property owned, used or leased by the Company; (g) there
have been no Hazardous Substances generated by the Company that have been disposed of or come to rest at any site that has been included in any published U.S. federal, state or local “superfund” site list or any other similar list of
hazardous or toxic waste sites published by any Governmental Authority; (h) the Company has not entered into any Contract with any Person regarding any Environmental Law, remedial action or other environmental Liability or expense;
(i) there are no underground storage tanks or landfills, surface impoundments or disposal areas located on, no PCBs or PCBs-containing equipment used or stored on, and no hazardous waste as defined by the Resource Conservation and Recovery Act,
as amended, stored on any site owned or operated by the Company, except for the storage of hazardous waste in compliance with Environmental Laws. The Company has made available to Purchaser true and complete copies of all material environmental
records, analyses, tests, reports, notifications, certificates of need, permits, pending permit applications, correspondence, engineering studies and environmental studies or assessments. 

2.25 Brokers and Finders. No Company Party has any Liability to pay any fees or commissions to any investment banker, broker, finder or
agent with respect to the transactions contemplated by any of the Transaction Agreements, except as set forth on Schedule 2.25. 

2.26 Compliance with Laws Generally. The Company is not in violation of any applicable Law, or any order or restriction of any
Governmental Authority in respect of the conduct of its business as presently conducted or proposed to be conducted or the ownership of its properties, with the sole exception being the Federal Exception. 

  

			
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 2.27 Related Party Transactions. 

(a) Except as disclosed in Schedule 2.27(a), there is no Contract or Liability relating to the Company between (i) the Company, on
the one hand, and (ii) any equity holder, securities holder, officer, member, partner or director of the Company or any Affiliate of a Seller (other than the Company), on the other hand. None of the Persons referred to in clause (i) or
(ii) or any Family Member of the foregoing Persons possesses, directly or indirectly, any financial interest in or is a director, officer, manager or employee of any Person which is a client, supplier, customer, lessor, lessee, financial source or
Competitor or a potential Competitor of the Company or its business or has any other commercial or business relationship with the Company. Ownership of securities of a company whose securities are registered under the Securities Exchange Act of
1934, as amended, of two percent (2%) or less of any class of such securities shall not be deemed to be a financial interest for purposes of this Section 2.27. 

(b) Schedule 2.27(b) contains a list of all accounts payable, accounts receivable and intercompany loan balances between any Company
Party or any Affiliate of any Company Party, on the one hand, and the Company, on the other hand. Schedule 2.27(b) also includes a description of any additional transactions consummated in 2018, 2019, and 2020 between any Company Party or any
Affiliate of any Company Party, on the one hand, and the Company, on the other hand, other than those transactions disclosed pursuant to the immediately preceding sentence. 

2.28 Parent Shares. 
 (a)
Canadian Securities Law Representations. Each Seller hereunder understands that the Parent Shares are being issued pursuant to an exemption from the prospectus requirements of the securities Laws in Canada. Each Seller acknowledges that
Parent and Purchaser will rely on each Seller’s, or its respective permitted designee’s, representations, warranties and certifications set forth below for purposes of confirming the availability of any exemption from such prospectus
requirements. None of the Sellers, or any of their respective permitted designees, have received a document purporting to describe the business and affairs of the Purchaser or Parent that has been prepared primarily for delivery to and review by
prospective investors so as to assist those investors to make an investment decision in respect of Parent under the terms of this Agreement. Each Seller acknowledges such Seller or its respective permitted designee(s) is eligible to acquire the
Parent Shares pursuant to the exemption from the prospectus requirements of Canadian securities Laws found in s. 2.3 of Ontario Securities Commission Rule 72-503 – Distributions Outside Canada and
each Seller represents and warrants to Parent that such Seller and its respective permitted designee(s) is not a resident of a jurisdiction of Canada on the date hereof and will not be a resident of a jurisdiction of Canada on the date on which the
Parent Shares are issued and delivered to such Seller or its respective designee(s) in accordance with the terms of this Agreement. Each Seller and/or its permitted designee(s) understands the risks involved in an investment in the Parent Shares
pursuant to the transactions contemplated by this Agreement. Each Seller further represents that such Seller and/or its permitted designee(s) has had an opportunity to ask questions and receive answers from Parent regarding the Parent Shares and the
business, properties, prospects, and financial condition of Parent and Purchaser, and to obtain such additional information (to the extent Parent or Purchaser possessed such information or could acquire it without unreasonable effort or expense)
necessary to assist each Seller and/or its permitted designee(s) in verifying the accuracy of any information furnished to each Seller or to which each Seller had access. 

  

			
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 Each Seller, on its own behalf and on behalf of its permitted designee(s), acknowledges that
(i) it has been provided with the opportunity to consult its own legal advisors with respect to the Parent Shares issuable to such Seller (or permitted designee(s)) pursuant to this Agreement and with respect to the existence of resale
restrictions imposed by applicable securities Laws; (ii) no representation has been made respecting the applicable holding periods imposed by the securities Laws or other resale restrictions applicable to the Parent Shares which restrict the
ability of such Seller (or its permitted designee(s)) to resell such securities; (iii) such Seller is solely responsible to find out what these restrictions are; (iv) such Seller is solely responsible (and the Parent is not in any way
responsible) for compliance with applicable resale restrictions; and (v) such Seller is aware that Seller (or its permitted designee(s)) may not be able to resell the Parent Shares, except in accordance with limited exemptions under the
securities Laws. Each Seller and/or its permitted designee(s) will execute and deliver within the applicable time periods all documentation as may be required by applicable Canadian securities Laws to permit the issuance of the Parent Shares on the
terms set forth herein and, if required by applicable securities Laws, will execute, deliver and file or assist the Company in obtaining and filing such reports, undertakings and other documents relating to the purchase of the Parent Shares as may
be required by any applicable securities Laws, securities regulator, stock exchange or other regulatory authority, which includes, without limitation, determining the eligibility of each Seller (and/or its permitted designee(s)) to acquire the
Parent Shares under applicable securities Laws, preparing and registering certificates (if any) representing the Parent Shares and completing regulatory filings required by the applicable securities commissions. Accordingly, each Seller (and any
permitted designee) consents to the collection, use and disclosure of certain personal information for the purposes of meeting legal, regulatory, self-regulatory, security and audit requirements (including any applicable tax, securities, money
laundering or anti-terrorism legislation, rules or regulations) and as otherwise permitted or required by law, which disclosures may include disclosures to tax, securities or other regulatory or self-regulatory authorities in Canada and/or in
foreign jurisdictions, if applicable, in connection with the regulatory oversight mandate of such authorities. 
 (b) U.S. Securities Act
Representations. 
 (i) Each Seller (or permitted designee(s) of such Seller) is resident in the United States or otherwise a
“U.S. Person”, as defined in Regulation S under the Securities Act. 
 (ii) Each Seller, on its own behalf and on behalf of its
respective permitted designee(s), understands and acknowledges (1) that the Parent Shares have not been, or will not be, registered under the Securities Act, or under any state securities laws, and no registration statement or prospectus in
respect thereof will be prepared or filed under the Securities Act or applicable securities Laws, and that the Parent Shares are being offered and sold in reliance upon federal, provincial and state exemptions for transactions not involving any
public offering, thus the Parent Shares are “restricted securities,” as such term is defined in Rule 144 under the Securities Act, and will be subject to restrictions on resale under such laws and as set forth in the restrictive legends
set forth below. As a condition of receiving Parent Shares at Closing, each Seller and/or permitted designee(s) thereof, as applicable, shall be required to deliver a statement 

  

			
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 as to its status as an “accredited investor,” as defined in Rule 501(a) of Regulation D
promulgated under the Securities Act, together with any supporting information as reasonably requested by the Purchaser or Parent that upon the original issuance of the Parent Shares, and until such time as the same is no longer required under the
applicable requirements of the Securities Act or applicable securities Laws, the certificates representing the Parent Shares, and all securities issued in exchange therefor or in substitution thereof, will bear legends in substantially the following
form: 
 “THESE SHARES HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE
AND ARE “RESTRICTED SECURITIES” AS THAT TERM IS DEFINED IN RULE 144 UNDER THE SECURITIES ACT. SUCH SHARES MAY NOT BE OFFERED FOR SALE, SOLD, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION THEREUNDER, THE AVAILABILITY OF WHICH IS TO BE ESTABLISHED TO THE REASONABLE SATISFACTION OF COUNSEL TO THE ISSUER. 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO AND MAY ONLY BE TRANSFERRED IN COMPLIANCE WITH A
LOCK-UP AGREEMENT, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY.” 
 (iii)
Each Seller, on its own behalf and on behalf of any its permitted designee(s), acknowledges that such Seller or permitted designee(s), as applicable, is an “accredited investor” as defined in Rule 501(d) of Regulation D promulgated under
the Securities Act and has completed the Accredited Investor Questionnaire. 
 (iv) Each Seller consents to Parent making a notation on its
respective records or giving instructions to any transfer agent of the Parent Shares in order to implement the restrictions on transfer set forth and described herein. 

(v) Each Seller, on its own behalf and on behalf of its permitted designee(s), understands and acknowledges that Parent does not have an
obligation of filing a registration statement under the Securities Act or applicable Securities Laws in respect of the Parent Shares. 

(vi) Each Seller, on its own behalf and on behalf of its permitted designee(s), acknowledges that such Seller, or its permitted designee(s),
as applicable, is acquiring the Parent Shares solely for his, her or its own account and not on behalf of any other person for investment purposes only and not with a view to the resale, distribution or other disposition thereof in violation of
applicable securities Laws. 

  

			
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 (vii) Each Seller, on its own behalf and on behalf of its permitted designee(s), represents
and warrants that alone, or with the assistance of his, her or its professional advisors, he, she or it has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of his, her or its
investment in the Parent Shares and is able, without impairing his, her or its financial condition, to hold such securities for an indefinite period of time and to bear the economic risks, and withstand a complete loss, of such investment. 

(viii) Each Seller represents and warrants, on its own behalf and on behalf of its permitted designee(s), that he, she or it has had access to
such additional information, if any, concerning as he, she or it has considered necessary in connection with his, her or its investment decision to acquire the Parent Shares. 

2.29 No Other Representations and Warranties. Except for the representations and warranties contained in this
Section 2 (including the related portions of the Disclosure Schedules) and in the other Transaction Agreements, none of Sellers, the Company or any other Person has made or makes any other express or implied representation
or warranty, either written or oral, on behalf of such Seller or the Company. 
 3. Representations and Warranties of Purchaser and
Parent. Except as set forth in the Public Record, Purchaser and Parent hereby represent and warrant to Sellers that: 
 3.1 Existence
and Qualification. Purchaser is a limited liability company duly organized, validly existing and in good standing under the Laws of the Commonwealth of Pennsylvania, has the requisite power to own, manage, lease and hold its properties and to
carry on its business as and where such properties are presently located and such business is presently conducted; and is duly qualified to do business and is in good standing in each of the jurisdictions where the character of its properties or the
nature of its business requires it to be so qualified. Parent is a corporation duly organized, validly existing and in good standing under the Laws of the Province of British Columbia, and has the requisite power to own, manage, lease and hold its
properties and to carry on its business as and where such properties are presently located and such business is presently conducted; and is duly qualified to do business and is in good standing in each of the jurisdictions where the character of its
properties or the nature of its business requires it to be so qualified, except where the failure to be so qualified shall not result in a Material Adverse Effect. 

3.2 Authorization. Purchaser has the limited liability company power and authority to enter into the Transaction Agreements to which it
is a party. The Transaction Agreements to which Purchaser is a party have been duly authorized by all necessary limited liability company action on the part of Purchaser and, when executed and delivered by Purchaser and the other parties thereto,
will constitute valid and legally binding obligations of Purchaser, enforceable against Purchaser in accordance with their terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other
Laws of general application affecting enforcement of creditors’ rights generally, and as limited by Laws relating to the availability of specific performance, injunctive relief or other equitable remedies. Parent has full power and authority to
enter into the Transaction Agreements to which it is a party and to issue the Consideration Shares. The Transaction Agreements to which Parent is a party, and the transaction contemplated thereby have been duly authorized by all necessary corporate
action of Parent and, when executed and delivered by Parent, will constitute valid and legally binding obligations of Parent, enforceable in accordance with their terms, except as limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance and any other Laws of general application affecting enforcement of creditors’ rights generally, and as limited by Laws relating to the availability of specific performance, injunctive relief or other equitable
remedies. 

  

			
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 3.3 Brokers and Finders. Neither Purchaser nor Parent has any Liability to pay any
fees or commissions to any investment banker, broker, finder or agent with respect to the transactions contemplated by any of the Transaction Agreements, except as set forth on Schedule 3.3. 

3.4 Legal Proceedings. There is no Legal Proceeding pending or, to Purchaser’s Knowledge, currently threatened before any
Governmental Authority seeking to restrain Purchaser from entering into, or to prohibit its entry into, this Agreement or to prohibit the Closing, or seeking damages against Purchaser as a result of the consummation of this Agreement. 

3.5 Consideration Shares. Parent has full power and authority to issue the Consideration Shares, and the Consideration Shares and any
Parent Shares issued in accordance with this Agreement shall be free and clear of all Liens (other than those imposed by the Lock-Up Agreement and applicable securities Laws), duly authorized, validly issued,
fully paid and non-assessable and are not subject to any preemptive or other rights of any person to acquire any securities of Parent. 

4. Conditions to Purchaser’s Obligations at Closing. The obligations of Purchaser to purchase the Purchased Interests at the
Closing and consummate the transactions contemplated by this Agreement are subject to the fulfillment, at or before the Closing, of each of the following conditions, unless otherwise waived in writing by Purchaser: 

4.1 Representations and Warranties. The representations and warranties of each Company Party contained in
Section 2 shall be true and correct in all material respects as of the Closing. 
 4.2 Performance. Each
Company Party shall have performed and complied with all covenants, agreements, obligations and conditions contained in this Agreement that are required to be performed or complied with by such Company Party at or before the Closing. 

4.3 No Material Adverse Effect. There shall not have occurred a Material Adverse Effect as to the Company since the earlier of the
Effective Date or the Most Recent Balance Sheet Date. 
 4.4 No Proceedings or Injunctions. There shall be no Legal Proceeding pending
or threatened in writing, or injunction granted and in effect, or order of any Governmental Authority entered and in effect, against any Company Party, or any of their respective properties or any of their respective officers or managers,
restraining or prohibiting the sale of the Purchased Interests or the other transactions contemplated by this Agreement or the other Transaction Agreements. 

4.5 Qualifications. 
 (a)
All authorizations, approvals and permits of any Governmental Authority that are required in connection with the transactions contemplated by this Agreement and the other Transaction Agreements, including, without limitation, the Government
Consents, shall have been obtained and shall be effective as of the Closing. 

  

			
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 (b) Purchaser or owners (and to the extent required, its principal(s) or other non-principal managers or owners) shall have received notification from the Department of authorization for licensure or license transfer or change of ownership, based on compliance with the criteria established in
the MMA, including but not limited to applicable background checks, if and to the extent required for the consummation of the transactions contemplated by the Transaction Agreements. 

(c) All Consents required in connection with the execution and delivery, and the consummation of the transactions contemplated by, the
Transaction Agreements shall have been obtained. 
 (d) The Board of Directors of Parent shall have approved the Transaction Agreements and
the transactions contemplated by the Transaction Agreements. 
 4.6 Proceedings and Documents. All corporate, limited liability
company, and other proceedings in connection with the transactions contemplated at the Closing and all documents incident thereto shall be reasonably satisfactory in form and substance to Purchaser, and Purchaser (or its counsel) shall have received
all such counterpart original and certified or other copies of such documents as reasonably requested. Such documents may include good standing certificates. 

4.7 Employee Benefit Plans and Insurance Policies. At or before the Closing, the Company shall have terminated, and provided to
Purchaser evidence of termination in form and substance satisfactory to Purchaser of, each of the Employee Benefit Plans and each of the insurance policies listed on Schedule 4.7. 

4.8 Closing Deliverables of the Company Parties. At or before the Closing, the applicable Company Parties shall duly execute (where
appropriate) and deliver to Purchaser the following, which shall be deemed to be executed and delivered simultaneously with the Closing: 

(a) a validly executed Membership Interest Assignment from each Seller in favor of Purchaser with respect to such Seller’s portion of the
Purchased Interests; 
 (b) a Restrictive Covenant and General Release Agreement, executed by each Seller; 

(c) an Employment Agreement attached in the form hereto as Exhibit F, executed by Samuel Britz, Rocco Levine, Beth Bittner, and Patrick
Gannon; 
 (d) a Landlord Estoppel Certificate for each of the Real Property Leases, in form and substance acceptable to Purchaser, acting
reasonably, executed by the applicable landlord under each Real Property Lease; 
 (e) evidence of receipt of all Consents to consummate the
transactions contemplated hereby, each in form and substance acceptable to Purchaser, acting reasonably; 

  

			
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 (f) a certificate executed by the secretary or another officer or a manager of the Company,
dated as of the Closing Date, certifying as to (i) the incumbency of the officers or managers of the Company executing the Transaction Agreements, (ii) a copy of the Company’s operating agreement, and (iii) a copy of the
Company’s articles of organization, certified by the Secretary of State of the Commonwealth of Pennsylvania; 
 (g) a certificate
executed by the secretary or another officer of each Seller that is not an individual, dated as of the Closing Date, certifying as to (i) the incumbency of the officers of such Seller executing the Transaction Agreements, and (ii) copies
of Seller’s articles of incorporation, bylaws, and/or other applicable governing documents, as amended and in effect on the Closing Date; 

(h) a certificate validly executed by Representative, to the effect that, as of the Closing, the conditions to the obligations of Purchaser set
forth in Section 4.1, Section 4.2, Section 4.3 and Section 4.4 have been satisfied (unless otherwise waived by Purchaser in writing in accordance with the
terms hereof); 
 (i) an affidavit described in Section 1445(b)(2) and Section 1446(f)(2) of the Code from each Seller in form and
substance acceptable to Purchaser, acting reasonably; 
 (j) a duly completed IRS Form W-9 from each
Seller; 
 (k) payoff letters or other documentary evidence, in each case, in form and substance satisfactory to Purchaser, with respect to
the repayment of all Indebtedness; 
 (l) evidence satisfactory to Purchaser of the release of all Liens on any of the Purchased Interests or
any of the assets or properties of the Company, including but not limited to a waiver from each Seller of its right of first refusal under the Company Operating Agreement; and 

(m) a Lock-Up Agreement, executed by each Seller, Seller Affiliate, or Person receiving Consideration
Shares, as the case may be; 
 (n) an Accredited Investor Questionnaire from each Person receiving Consideration Shares; 

(o) a termination agreement between Solevo Management Holdings, LLC and the Company, terminating all rights of Solevo Management Holdings, LLC
with respect to the Company (including but not limited to any rights to purchase any portion of the equity interests of the Company) and all obligations of the Company to Solevo Management Holdings, LLC (including but not limited to any management
or similar fee paid or to be paid by the Company to Solevo Management Holdings, LLC or any other related party); 
 (p) a termination
agreement terminating that certain Management Agreement, dated on or about February 1, 2020, by and between the Company and Solevo Wellness West Virginia, LLC; 

  

			
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 (q) a termination agreement terminating that certain Consulting Agreement, dated
August 16, 2019, by and between the Company and Terrapin Investment Fund II, LLC; 
 (r) an intellectual property assignment between
Anthony Levine and the Company, in form and substance reasonably acceptable to Purchaser, assigning to the Company all right, title, and interest in and to all intellectual property, including but not limited to all software, developed by Anthony
Levine for the Company; 
 (s) that certain Option Agreement, substantially in the form attached hereto as Exhibit G (the
“Option Agreement”), regarding Solevo West Virginia, executed by Solevo Management Holdings, LLC; 
 (t) no later than five
(5) Business Days prior to the Closing Date, written, complete, and accurate wire instructions from each Seller identifying the account and related information necessary to facilitate the delivery of the Closing Cash Consideration to such
Seller(s); and 
 (u) such other documents and/or instruments as may be reasonably requested by Purchaser, in form and substance reasonably
acceptable to Purchaser. 
 4.9 Physical Inventory. Purchaser, acting reasonably, shall be satisfied with the results of the Physical
Inventory performed by it or on its behalf as contemplated by Section 6.7. 
 5. Conditions to Seller’s
Obligations at Closing. The obligations of Sellers to sell the Purchased Interests to Purchaser at the Closing and to consummate the transactions contemplated by this Agreement are subject to the fulfillment, at or before the Closing, of each of
the following conditions, unless otherwise waived by Representative: 
 5.1 Representations and Warranties. The representations and
warranties of Purchaser contained in Section 3 of this Agreement shall be true and correct in all material respects as of the Closing. 

5.2 Performance. Purchaser shall have performed and complied with all covenants, agreements, obligations and conditions contained in
this Agreement that are required to be performed or complied with by Purchaser at or before the Closing. 
 5.3 No Proceedings or
Injunctions. There shall be no Legal Proceeding pending or threatened in writing, or injunction granted and in effect, or order of any Governmental Authority entered and in effect, against Purchaser or Parent, or any of their respective
properties or any of their respective officers, directors or managers, restraining or prohibiting the purchase of the Purchased Interests or the other transactions contemplated by this Agreement or the other Transaction Agreements. 

5.4 Qualifications. All authorizations, approvals or permits, if any, of any Governmental Authority that are required in connection with
the lawful sale of the Purchased Interests pursuant to this Agreement shall have been obtained and shall be effective as of the Closing. 

  

			
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 5.5 Closing Deliverables of Purchaser. At the Closing, (i) Purchaser shall pay
to Representative the Closing Cash Consideration and shall deliver or cause to be delivered to Representative the following, which shall be deemed to be executed and delivered simultaneously with the Closing: 

(a) a certificate validly executed by an officer or a manager of Purchaser, to the effect that, as of the Closing, the conditions to the
obligations of Sellers set forth in Section 5.1, Section 5.2, and Section 5.3 have been satisfied (unless otherwise waived in accordance with the terms hereof); 

(b) a certificate executed by the secretary or another officer of Purchaser, dated as of the Closing Date, certifying as to (i) the
incumbency of the officers of Purchaser executing the Transaction Agreements, and (ii) copies of Purchaser’s certificate of organization and operating agreement, as amended and in effect on the Closing Date; and 

(c) such other documents and/or instruments as may be reasonably requested by Representative, in form and substance reasonably acceptable to
Representative. 
 6. Pre-Closing Covenants and Other Agreements. 

6.1 Government Consents. 

(a) From and after the Effective Date, the Company Parties shall promptly and diligently prepare, file (after review and approval thereof by
Purchaser) and pursue any and all applications, registrations, qualifications, designations, declarations and other filings that, in the opinion of Purchaser, are required for Purchaser and the Company to receive all necessary or advisable Consents,
approvals, orders and authorizations of, or to otherwise comply with the Laws of, any federal, state or local Governmental Authority (collectively, “Government Consents”) with respect to the transactions contemplated by this
Agreement and the other Transaction Agreements, including, without limitation, Purchaser’s acquisition of the Purchased Interests and, consequently, the Dispensary Permit. 

(b) From and after the Effective Date of this Agreement, Purchaser and/or its Affiliates shall promptly and diligently prepare, file (after
review and approval thereof by Representative) and pursue any and all applications, registrations, qualifications, designations, declarations or other filings which, in the opinion of Representative, are required for Purchaser and the Company to
receive all necessary or advisable Government Consents with respect to the transactions contemplated by this Agreement, including, but without limitation, Purchaser’s acquisition of the Purchased Interests and, consequently, the Dispensary
Permit. 
 (c) Each Party shall cooperate fully with the other Party and its Affiliates in promptly seeking to obtain all such Government
Consents. The Parties shall not willfully take any action that will have the effect of delaying, impairing or impeding the receipt of any Government Consents. 

  

			
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 6.2 Negative Covenants of the Company. Notwithstanding anything else in this
Agreement to the contrary, between the Effective Date and the Closing (the “Pre-Closing Period”), the Company shall not, and Sellers shall not cause or permit the Company to, do any
of the following things without the prior written consent of Purchaser in its reasonable discretion: 
 (a) enter into any debt
financing or other loan transaction, whether as a debtor, creditor, guarantor or otherwise, excluding, for the avoidance of doubt, any trade payables or receivables entered into in the ordinary course of business; 

(b) take any action, or fail to take any action, that would result in the imposition of a Lien on any assets of the Company or the Purchased
Interests; 
 (c) propose, authorize, enter into, ratify, amend, modify, renew or terminate any Contract or proposed transaction, or any
group of related Contracts or proposed transactions, (i) with respect to any service provider or (ii) that (x) involve (individually or in the aggregate, contingent or otherwise) obligations of, or payments to, the Company in excess of
Twenty-Five Thousand Dollars ($25,000.00) annually or over the lifetime of such Contract or proposed transaction, or (y) are outside the ordinary course of business; 

(d) enter into or renew any Cannabis Service Provider Contracts; 

(e) issue any equity interests in the Company or any options, warrants or other securities, including securities exercisable, exchangeable or
convertible into equity interests in the Company; 
 (f) alter or change the rights, preferences or privileges of the Company’s equity
interests; 
 (g) increase or decrease the number of authorized securities of the Company; 

(h) redeem or repurchase any equity interests of the Company; 

(i) amend the Company’s governing documents; 

(j) take any action that would restrict, inhibit or adversely affect the ability of any Company Party to (i) conduct its business as
presently conducted or proposed to be conducted, or (ii) perform all of its duties and obligations under this Agreement and the other Transaction Agreements, or (iii) truthfully make any of the representations and warranties set forth in
this Agreement as of the Closing; 
 (k) approve or cause the Company to engage in any consolidation, exchange or merger of the Company with
or into any other corporation or other entity or Person, or any other corporate reorganization, 
 (l) sell, lease or otherwise dispose of
any of the Licenses or, other than inventory in the ordinary course of business, any of the other assets of the Company; 
 (m) make or agree
to make any capital expenditures or incur any Liabilities that (i) exceed Twenty-Five Thousand Dollars ($25,000.00) in the aggregate or (ii) are outside the ordinary course of business; 

  

			
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 (n) approve, file, consent to or acquiesce in the filing of any bankruptcy or bankruptcy
action by the Company, or any assignment for the benefit of the Company’s creditors; 
 (o) authorize or enter into any Contract,
transaction or other arrangement between the Company, on the one hand, and any member, manager, officer or Affiliate of the Company, or any Family Member or Affiliate of any of the foregoing Persons, on the other hand; 

(p) declare or make any distributions to the members of the Company; provided, however, the Company may distribute all accumulated cash in
excess of the Target Net Working Capital to the Sellers prior to the Closing; 
 (q) enter into, approve or amend any employment or
consulting agreement; 
 (r) terminate, except for cause, or engage, except in the ordinary course of business, any Person who is or would be
a consultant or salaried employee of the Company; 
 (s) make any material change to its accounting methods, principals, or practices, except
as required by GAAP; 
 (t) change the Company’s ordinary course of cash management practices with respect to the collection of
Receivables and payment of payables and other current Liabilities; 
 (u) adopt any Employee Benefit Plan; 

(v) pay or approve any compensation or reimbursements payable to any members, manager, officers or Affiliates of the Company; 

(w) authorize or grant any equity compensation to any Person; 

(x) change the number of managers of the Company; 

(y) approve or effect a name change or conversion of the Company; 

(z) make or change any Tax election, adopt or change any Tax accounting method, enter into any closing agreement in respect of Taxes, settle
any Tax claim or assessment, consent to any extension or waiver of the limitation period applicable to any Tax claim or assessment, or amend any Tax Return; 

(aa) approve or permit any Seller to sell or otherwise transfer, directly or indirectly, any Purchased Interests, or recognize any such sale or
transfer as valid, or recognize any transferee in such sale or transfer as a member of the Company; 
 (bb) dissolve; or 

(cc) form any subsidiary or joint venture of the Company. 
  

  

			
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 6.3 Affirmative Obligations of the Company. Except as required by the terms of this
Agreement or as approved by the prior written consent of Purchaser in its sole discretion, at all times during the Pre-Closing Period, the Company shall (a) conduct its business only in the ordinary
course of business consistent with past practice, subject to de minimis changes in sales and marketing practices necessary to satisfy regulatory requirements or increase customer demand, (b) use its commercially reasonable efforts to maintain and
preserve its business organization, keep available the services of its current employees, managers, service providers, and contractors, and preserve its business relationships with customers, strategic partners, suppliers, distributors, landlords,
creditors and others having business dealings with it, and (c) to the extent reasonably requested by Purchaser, make its executives, officers, managers and employees available in accordance with Section 6.5 of this
Agreement. 
 6.4 Surety Bond. The Company shall (and each Seller shall cause the Company to) continue to maintain in good standing
any and all surety bonds, irrevocable letters of credit payable, or set asides of cash on behalf of the Company, in connection with the Licenses as required by and pursuant to Law, if any. 

6.5 Due Diligence Assistance. During the Pre-Closing Period, the Company Parties shall promptly
provide Purchaser and Purchaser’s Advisors (a) all such documentation and information and answer all questions that Purchaser or Purchaser’s Advisors may reasonably request regarding the Company (including, without limitation, the
Licenses) and (b) upon reasonable advance notice from Purchaser, afford Purchaser and its officers, managers, employees, agents, consultants and Purchaser’s Advisors reasonable access during normal business hours to all of the
Company’s properties (including the Dispensary Locations), Books and Records, Contracts and personnel as Purchaser may reasonably request, provided such access shall not unreasonably interfere with the Company’s normal operations. Without
limiting the generality of the foregoing, the Company Parties shall promptly and diligently provide Purchaser with documents, information and answers to questions regarding (i) the Licenses, including the validity of the Dispensary Permit,
(ii) the existence of any deficiencies or Liens with respect to the Dispensary Permit, and (iii) the suitability of any real estate upon which the Company conducts or proposes to conduct its business, including, without limitation, the
conformance and compliance of such real estate with all applicable Laws. 
 6.6 No Other Negotiations. During the Pre-Closing Period, the Company Parties shall not, directly or indirectly, pursue, solicit, entertain or otherwise consider or encourage (including by way of furnishing information) any offers, inquiries or
negotiations with third parties to enter into any transaction that concerns the subject matter of this Agreement or the purchase and sale or other disposition of any Licenses, any of the Purchased Interests or other securities of or interests in the
Company, or any assets of the Company (other than inventory in the ordinary course of business consistent with past practice). 
 6.7
Physical Inventory. Purchaser has the right to take a physical inventory of the Inventory in or held at the Dispensary Locations on or immediately prior to the Closing Date to confirm such Inventory is accurately reflected on the Financial
Statements and at levels appropriate to effectively operate the businesses of the Company as currently conducted (the “Physical Inventory”). The Company Parties shall provide Purchaser and Purchaser’s Advisors access to the
Dispensary Locations, the Inventory, and related Books and Records and personnel of the Company as Purchaser may reasonably request to allow Purchaser to timely perform the Physical Inventory, and the Company Parties shall reasonably cooperate with
Purchaser in connection with the Physical Inventory. 

  

			
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 6.8 Audit. Purchaser may, at its sole cost and expense, perform a review and/or audit
of the Financial Statements and/or the Company’s audit-related services to ensure accurate public company financial reporting following the Closing. Sellers acknowledge that the completion of such review and/or audit is necessary due to
Parent’s public company status and will therefore reasonably cooperate with such review and/or audit provided that such cooperation shall be during normal working hours and in a manner designed not to unreasonably interfere with the
Company’s normal operations. 
 6.9 Notice of Certain Events. 

(a) During the Pre-Closing Period, Representative shall promptly notify Purchaser in writing after, to
Knowledge of the Company Parties, the occurrence of any of the following: 
 (i) any fact, circumstance, event or action the existence,
occurrence or taking of which (A) has had, or could reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, (B) has resulted in, or could reasonably be expected to result in, or could reasonably
be expected to result in, any representation or warranty made by the Sellers hereunder not being true and correct, or (C) has resulted in the failure of any of the conditions set forth in Section 4 to be satisfied;

 (ii) any notice or other communication from any Person alleging that the consent of such Person is or may be required in connection with
the transactions contemplated by this Agreement; 
 (iii) any notice or other communication from any Governmental Authority in connection
with the transactions contemplated by this Agreement; and 
 (iv) any Legal Proceedings commenced or, to the Company Parties’
Knowledge, threatened against, relating to or involving or otherwise affecting any Seller or the Company that, if pending on the date of this Agreement, would have been required to have been disclosed pursuant to
Section 2.6 or that relates to the consummation of the transactions contemplated by this Agreement. 
 (b)
Purchaser’s receipt of information pursuant to this Section 6.9 shall not operate as a waiver by Purchaser or otherwise affect any representation, warranty or agreement given or made by the Sellers in this Agreement
(including Section 7.2 and Section 9.19) and shall not be deemed to amend or supplement the Disclosure Schedules. 

(c) From time to time prior to the Closing, Sellers shall have the right (but not the obligation) to supplement or amend the Disclosure
Schedules hereto with respect to any matter hereafter arising or of which Sellers first become aware after the date hereof, and which matter either (i) has been consented to in writing by Parent pursuant to Section 6.2
or Section 6.3, or (ii) would result in a Liability to the Company of less than five thousand dollars each ($5,000.00) (each a “Schedule Supplement”). Any disclosure in any such Schedule Supplement
shall be deemed to have cured any inaccuracy in or breach of any representation or warranty contained in this Agreement, including for purposes of the indemnification or termination rights contained in this Agreement and for determining whether or
not the conditions set forth in Section 4 have been satisfied; provided, however, that the aggregate Liability to the Company of all such Schedule Supplements shall not exceed thirty-five thousand dollars
($35,000.00). 

  

			
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 6.10 Capital Projects. Subject to the mutual agreement of Parent and the Company as
to the capital improvement(s), the cost(s) thereof, and any related matters, the Parent and/or Purchaser shall fund or reimburse the Company, as agreed, for capital improvements to on or more of the Dispensaries in an amount not to exceed $50,000,
in the aggregate. 
 7. Survival of Representations and Warranties and Covenants; Indemnification. 

7.1 Survival. Subject to the limitations and other provisions of this Agreement, the representations and warranties contained in this
Agreement shall survive the Closing and shall remain in full force and effect until the date that is eighteen (18) months from and after the Closing Date; provided, however, that the representations and warranties in
Section 2.1, Section 2.2, Section 2.16(a), Section 2.20, Section 2.21, Section 2.23 with
respect to the Dispensary Permit and certificates of occupancy for each Dispensary Location, Section 2.25, Section 2.27, Section 2.28,
Section 3.1, Section 3.2, Section 3.3 (collectively, the “Fundamental Representations”) and Section 2.24 shall survive for the
applicable statute of limitations plus thirty (30) days. The covenants and other agreements contained in this Agreement shall survive indefinitely other than those that by their terms contemplate performance after the Closing Date, in which
case each such covenant and agreement shall survive the Closing for the period contemplated by its terms. Notwithstanding the foregoing, any claims asserted in good faith with reasonable specificity (to the extent known at such time) and in writing
by notice from the non-breaching party to the breaching party prior to the expiration date of the applicable survival period shall not thereafter be barred by the expiration of such survival period and such
claims shall survive until finally resolved. 
 7.2 Indemnification by Sellers. Subject to the other terms and conditions of this
Section 7, the Sellers agree to jointly and severally indemnify, defend and hold harmless Purchaser, Parent, and (following the Closing) the Company, and each of their respective Affiliates, members, shareholders managers,
partners, officers, directors, employees, agents and representatives (collectively, “Purchaser Indemnitees”) from and against any and all losses, costs, expenses, judgments, damages and Liabilities (including, without limitation,
court costs and reasonable attorneys’ fees) (collectively, “Losses”) arising out of or related to (a) any breach or inaccuracy of any representation or warranty of any Company Party in this Agreement or in any certificate
or instrument delivered by or on behalf of any Company Party pursuant to this Agreement, (b) any breach, failure to perform or nonfulfillment of any covenant, agreement or other obligation of any Company Party under this Agreement, (c) any
Pre-Closing Taxes, and (d) any matter set forth on Schedule 7.2. 
 7.3
Indemnification by Purchaser. Subject to the other terms and conditions of this Section 7, Purchaser agrees to indemnify, defend and hold harmless Sellers and their respective Affiliates (other than the Company
post-Closing), members, managers, partners, officers, directors, employees, agents and representatives (collectively, “Seller Indemnitees”) from and against any and all Losses arising out of or otherwise associated with or relating
to (a) any breach or inaccuracy of any representation or warranty of Purchaser or Parent contained in Section 3 of this Agreement, and (b) any breach, failure to perform or nonfulfillment of any covenant,
agreement or other obligation of Purchaser or Parent under this Agreement. 

  

			
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 7.4 Certain Limitations. The party making a claim under this
Section 7 is referred to as the “Indemnified Party,” and the party against whom such claims are asserted under this Section 7 is referred to as the “Indemnifying
Party.” The indemnification provided for in Section 7.2 and Section 7.3 are subject to the following limitations: 

(a) The Sellers shall not be liable to Purchaser Indemnitees for indemnification under Section 7.2(a) until the
aggregate amount of all Losses in respect of indemnification under Section 7.2(a) exceeds $200,000 (the “Basket”), in which event the Sellers shall be liable for all Losses; provided, however, that
no individual basis of a claim for Losses of less than $5,000 shall be included in, or otherwise aggregated in the calculation of Losses for the purposes of the Basket; provided further, that for the avoidance of doubt, multiple claims that
share a similar or common basis shall be not be subject to the foregoing exclusion. Notwithstanding any provision of this Agreement to the contrary, none of the limitations set forth in this Section 7.4(a), including
but not limited to the Basket, shall apply to breaches of Fundamental Representations, Fraud or intentional misrepresentation. 
 (b)
Purchaser shall not be liable to Seller Indemnitees for indemnification under Section 7.3(a) until the aggregate amount of all Losses in respect of indemnification under Section 7.3(a) exceeds the Basket;
provided that, the Basket shall not apply to breaches of Fundamental Representations, Fraud or intentional misrepresentation. 
 (c) The
aggregate amount of all Losses for which any Indemnifying Party shall be liable pursuant to Section 7.2(a) or Section 7.3(a) shall not exceed in the aggregate, an amount equal to twelve percent
(12%) of the Purchase Price plus any Earn-out Payment(s) (the “Cap”); provided that the Cap shall not apply to breaches of Fundamental Representations, Fraud or intentional
misrepresentation. The aggregate amount of all Losses for which an Indemnifying Party shall be liable pursuant to Section 7.2(b), Section 7.2(c), Section 7.2(d) or
Section 7.3(b) shall be limited to the aggregate amount of the Purchase Price plus any Earn-out Payment(s) received by the Sellers; provided, however, such limitation
shall not apply to any instances of Fraud, intentional misrepresentation, or willful misconduct. 
 (d) The representations, warranties and
covenants of the Indemnifying Party, and the Indemnified Party’s right to indemnification with respect thereto, shall not be affected or deemed waived by reason of any investigation made by or on behalf of the Indemnified Party (including by
any of its representatives) or by reason of the fact that the Indemnified Party or any of its representatives knew or should have known that any such representation or warranty is, was or might be inaccurate or by reason of the Indemnified
Party’s waiver of any condition set forth in this Agreement, as the case may be. 
 (e) No Indemnified Party may claim or be indemnified
for any Losses under this Section 7 to the extent such Losses are included in the calculation of any adjustment to the Purchase Price under Section 1.3. 

(f) Each Indemnified Party shall take reasonable steps to mitigate any Losses after acquiring actual knowledge of any breach that gives rise to
such Losses. 

  

			
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 (g) Payments by an Indemnifying Party pursuant to Section 7.2 or
Section 7.3 in respect of any Losses shall be net of any insurance proceeds or third party indemnity or contribution payments actually received by the Indemnified Party in respect of such Losses less any deductibles, costs
and expenses incurred in connection with making any claim or pursuing or obtaining such insurance proceeds or third party indemnity or contribution payments, and related increases in insurance premiums or other chargebacks; notwithstanding anything
to the contrary herein, no Indemnified Party has any obligation to seek to recover any insurance proceeds or third party indemnity or contribution payments or to pursue or obtain any insurance claims or third party indemnity or contribution
payments. 
 (h) Payments by an Indemnifying Party pursuant to Section 7.2 or Section 7.3
in respect of any Losses shall be reduced by an amount equal to any net Tax benefit actually realized as a result of such Losses by the Indemnified Party within one year after incurring such Losses and increased by an amount equal to any Tax imposed
on the receipt of such indemnity payment. 
 (i) In no event shall any Indemnifying Party be liable to any Indemnified Party for any
punitive, incidental, consequential, indirect or special damages, including diminution of value or any damages based on any type of multiple, other than in connection with a Third-Party Claim in which punitive, incidental, consequential,
indirect or special damages, including diminution of value or any damages based on any type of multiple were actually awarded. 
 (j) Any
inaccuracy in or breach of any representation or warranty shall be determined without regard to any materiality, Material Adverse Effect, or other similar qualification contained in or otherwise applicable to such representation or warranty. 

7.5 Indemnification Procedures. 

(a) Third-Party Claims. If any Indemnified Party receives notice of the assertion or commencement of any Legal Proceeding made or
brought by any Person who is not a Party or an Affiliate of a Party or a representative of the foregoing (a “Third-Party Claim”) against such Indemnified Party with respect to which the Indemnifying Party is obligated to provide
indemnification under this Agreement, the Indemnified Party shall give the Indemnifying Party reasonably prompt written notice thereof, but in any event not later than fifteen (15) calendar days after receipt of such notice of such Third-Party
Claim. The failure to give such prompt written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations, except and only to the extent that the Indemnifying Party is prejudiced by reason of such failure. Such
notice by the Indemnified Party shall describe the Third-Party Claim in reasonable detail, shall include copies of all material written evidence thereof and shall indicate the estimated amount, if reasonably practicable, of the Losses that have been
or may be sustained by the Indemnified Party. The Indemnifying Party shall have the right to participate in, or by giving written notice to the Indemnified Party, to assume the defense of any Third-Party Claim at the Indemnifying Party’s
expense and by the Indemnifying Party’s own counsel, and the Indemnified Party shall cooperate in good faith in such defense; provided, that if the Indemnifying Party is a Company Party, such Indemnifying Party shall not have the right
to defend or direct the defense of any such Third-Party Claim (i) that is asserted directly by or on behalf of a Person that is a supplier or customer of the Company, (ii) that involves any criminal liability or any admission of criminal
wrongdoing, (iii) 

  

			
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if settlement of, or an adverse judgment with respect to, the Third-Party Claim is, in the good faith and reasonable judgment of the Indemnified Party, likely to establish a precedential custom
or practice adverse to the continuing business interests or the reputation of the Indemnified Party, or (iv) that seeks an injunction or other equitable relief against the Indemnified Party. In the event that the Indemnifying Party assumes the
defense of any Third-Party Claim, subject to Section 7.5(b), it shall have the right to take such action as it deems necessary to defend, appeal or make counterclaims pertaining to any such Third-Party Claim in the name and on
behalf of the Indemnified Party. The Indemnified Party shall have the right to participate in the defense of any Third-Party Claim with counsel selected by it subject to the Indemnifying Party’s right to control the defense thereof. The fees
and disbursements of such counsel shall be at the expense of the Indemnified Party, provided, that if in the reasonable opinion of counsel to the Indemnified Party, (A) there are good faith legal defenses available to an Indemnified Party
that are different from or additional to those available to the Indemnifying Party; or (B) there exists a conflict of interest between the Indemnifying Party and the Indemnified Party that cannot be waived, the Indemnifying Party shall be
liable for the reasonable fees and expenses of counsel to the Indemnified Party in each jurisdiction in which such Third Party Claim is being contested. If the Indemnifying Party elects not to compromise or defend such Third-Party Claim, fails to
promptly notify the Indemnified Party in writing of its election to defend as provided in this Agreement, or fails to diligently prosecute the defense of such Third-Party Claim, the Indemnified Party may, subject to
Section 7.5(b), pay, compromise, defend such Third-Party Claim and seek indemnification for any and all Losses based upon, arising from, or relating to such Third-Party Claim. The Parties shall cooperate with each other in
all reasonable respects in connection with the defense of any Third-Party Claim, including making available (subject to the provisions of Section 9.1) records relating to such Third-Party Claim and furnishing, without
expense (other than reimbursement of actual out-of-pocket expenses) to the defending party, management employees of the
non-defending party as may be reasonably necessary for the preparation of the defense of such Third-Party Claim. 

(b) Settlement of Third-Party Claims. Notwithstanding any other provision of this Agreement, the Indemnifying Party shall not enter into
settlement of any Third-Party Claim without the prior written consent of the Indemnified Party, except as provided in this Section 7.5(b). If a firm offer is made to settle a Third-Party Claim without leading to liability or the
creation of a financial or other obligation on the part of the Indemnified Party (including the possibility of increased Tax liabilities and/or reduced tax attributes in a period beginning after the Closing Date) and provides, in customary form, for
the unconditional release of each Indemnified Party from all liabilities and obligations in connection with such Third-Party Claim and the Indemnifying Party desires to accept and agree to such offer, the Indemnifying Party shall give written notice
to that effect to the Indemnified Party. If the Indemnified Party fails to consent to such firm offer within ten (10) days after its receipt of such notice, the Indemnified Party may continue to contest or defend such Third-Party Claim and in
such event, the maximum liability of the Indemnifying Party as to such Third-Party Claim shall not exceed the amount of such settlement offer. If the Indemnified Party fails to consent to such firm offer and also fails to assume defense of such
Third-Party Claim, the Indemnifying Party may settle the Third-Party Claim upon the terms set forth in such firm offer to settle such Third-Party Claim. If the Indemnified Party has assumed the defense pursuant to
Section 7.5(a), it shall not agree to any settlement without the written consent of the Indemnifying Party (which consent shall not be unreasonably withheld or delayed). 

  

			
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 (c) Direct Claims. Any claim by an Indemnified Party on account of any Losses that do
not result from a Third-Party Claim (a “Direct Claim”) may be asserted by the Indemnified Party by giving the Indemnifying Party prompt written notice thereof. Such notice by the Indemnified Party shall describe the Direct Claim in
reasonable detail and shall indicate the estimated amount, if reasonably practicable, of the Losses that have been or may be sustained by the Indemnified Party. The Indemnifying Party shall have thirty (30) days after delivery by the
Indemnified Party of such notice to respond in writing to such Direct Claim. If the Indemnifying Party does not so respond within such thirty (30) day period, the Indemnifying Party shall be deemed to have rejected such claim, in which case the
Indemnified Party shall be free to pursue such remedies as may be available to the Indemnified Party on the terms and subject to the provisions of this Agreement. 

(d) Payment. Subject to the Basket, Cap and any other limitations set forth under Section 7.4, Losses agreed
to by the Indemnifying Party or finally adjudicated to be payable under this Section 7 (such event, a “Determination”) that are not paid by the Indemnifying Party within ten (10) Business Days
thereafter shall accrue interest from and including the date of such agreement of the Indemnifying Party or final, non-appealable adjudication to the date such payment has been made at a rate per annum equal
to eighteen percent (18%), calculated daily on the basis of a 365-day year and the actual number of days elapsed. 

7.6 Tax Treatment of Indemnification Payments. All indemnification payments made under this Agreement shall be treated by the Parties as
an adjustment to the Purchase Price for Tax purposes, unless otherwise required by Law. 
 7.7 Exclusive Remedies. From and after the
Closing, the Parties acknowledge and agree that their sole and exclusive remedy with respect to claims (other than claims arising from Fraud, criminal activity or willful misconduct on the part of a Party in connection with the transactions
contemplated by this Agreement or claims pursuant to Section 1.3) for any breach of any representation or warranty in this Agreement shall be pursuant to the indemnification provisions set forth in this
Section 7. Notwithstanding anything to the contrary herein, nothing in this Section 7 limits any Person’s right to seek and obtain any equitable relief to which any Person may be entitled or
to seek any remedy on account of any Party’s fraudulent, criminal or intentional misconduct, or any claim pursuant to Section 1.3, or any claims or remedies under or in connection with any Transaction Agreements other
than this Agreement. 
 7.8 Set-Off. Notwithstanding any provision of this Agreement to the
contrary, if any Purchaser Indemnitee incurs any Losses pursuant to Section 7.2 prior to the delivery of any Earn-Out Payment, Purchaser upon making a good faith determination Losses
have occurred pursuant to Section 7.2, shall have the right, but not the obligation, at its option, to set-off such Losses against an Earn-Out
Payment, if any. Nothing in this Section 7.8 shall limit the rights and/or remedies of any Purchaser Indemnitee hereunder. For the avoidance of doubt, Purchaser and/or Parent shall have the right to withhold payment with
respect to any Earn-Out Payment in an amount equal to any Losses claimed by any Purchaser Indemnitee in good faith, pending a Determination. 

8. Closing Documents; Post-Closing Covenants. 

  

			
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 8.1 Closing Documents. At the Closing, the Company Parties shall deliver and/or
provide all the documents or instruments identified in Section 4.8. 
 8.2 Post-Closing Employment Matters.
From and after the Closing, subject to any applicable collective bargaining agreement(s), no Company will be required to continue employing or engaging any Person employed or engaged by the Company as of the Closing Date, except as provided in any
Employment Agreements executed and delivered at Closing and approved by Purchaser in writing. Purchaser may offer, at its sole discretion, consulting arrangements or terms of employment to certain representatives or employees of the Company. 

8.3 Satisfaction of Insider Debt. As of the Closing, all insider debt of the Company (i.e., any loan payable, receivable or other
Indebtedness owed by or to the Company to a Seller or its Affiliates) shall have been satisfied in full at Closing without any Liability to Purchaser. Each Seller hereby agrees to do and perform, or cause to be done and performed, all such further
acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as Purchaser may reasonably request in order to carry out the intent and accomplish the purposes of this
Section 8.3. 
 8.4 Retirement of Other Indebtedness. At Closing, Seller shall cause, on terms and
conditions reasonably acceptable to Purchaser, all outstanding Indebtedness of the Company, including any insider debt, to be fully paid-off and retired out of the Closing Cash Purchase Price or (if the
Closing Cash Purchase Price is insufficient to satisfy such Indebtedness) otherwise. Simultaneously with the Closing, the Company shall, or shall have filed, all Contracts, certificates and other documents, in form and substance reasonably
satisfactory to Purchaser, that are necessary or appropriate to effect the release of all Liens related to the Indebtedness, or otherwise required to be released by Purchaser. 

8.5 Tax Returns. Representative shall prepare and file all income Tax Returns (including IRS form 1065 and any comparable state and
local Tax Return) of the Company for taxable periods ending on or prior to the Closing Date (“Seller Returns”), provide such Seller Returns to Purchaser for its review and comment prior to filing and pay all Taxes required to be
paid with such Seller Returns. The Purchaser shall prepare, or cause to be prepared, and shall timely file, or cause to be timely filed, all Tax Returns (including any required Purchase Price allocation) of or with respect to the Company that are
required to be filed after the Closing Date other than Seller Returns. All such Tax Returns for Pre-Closing Tax Periods and Straddle Periods shall be provided to Representative for review and comment prior to
filing. All Pre-Closing Taxes shall be paid by the Sellers. All transfer, documentary, sales, use, stamp, value added, goods and services, excise, registration and other similar taxes, and all conveyance fees,
recording charges and other fees and charges (including any penalties and interest) incurred in connection with consummation of the transactions contemplated by this Agreement and the other Transaction Agreements (“Transfer Taxes”)
shall be borne by the Sellers, regardless of which Party is responsible for the payment of such Transfer Taxes. The Party required by applicable Law to do so shall timely prepare, or cause to be prepared, and file, or cause to be filed, all
necessary Tax Returns and other documentation with respect to all such Taxes, fees and charges, and if required by Law, the other Parties shall, and shall cause their Affiliates to, join in the execution of any such Tax Returns and other
documentation. Each Party shall cooperate in providing any certificates or other documents required to reduce the Transfer Taxes. The Sellers shall not, and shall not cause 

  

			
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the Company to, elect to apply any provision of the Partnership Audit Provisions (or any similar provision of state or local law) for any Taxable year beginning prior to January 1, 2018. For
any Tax year beginning on or after January 1, 2018, Sellers shall ensure that Sellers and the Company (and each member of the Company Group) make all necessary elections to the extent possible to avoid, or to the maximum extent possible reduce,
any Taxes imposed on the Company (and any Group Company Member) under Section 6225 of the Code (including making a ‘‘push out election” under Section 6226 of the Code). 

8.6 Allocation of Purchase Price. The Parties agree that the Purchase Price (less any amounts not included in purchase price for income
tax purposes) together with assumed liabilities and other items included in purchase price for income tax purposes shall be allocated among the assets of the Company for Tax purposes as agreed by Purchaser’s and Representative’s respective
accountants, valuation professionals, or similar representatives, acting in good faith. The Parties shall file all Tax Returns (including amended returns and claims for refund) and information reports in a manner consistent with such allocation and
will take no position in any Tax Returns (including amended returns and claims for refund) and information reports that is inconsistent with such allocation. Any adjustments to the Purchase Price pursuant to Section 1.3
herein shall be allocated in a manner consistent with such allocation. 
 8.7 Admission of Purchaser as a Member. Sellers shall cause
the Purchaser to be admitted as a member, and Sellers shall withdraw or resign as a member of the Company at Closing. 
 8.8 Removal of
Legends on Parent Shares. The Parties agree that upon expiration of a Seller’s (or their permitted designees’) Lock-Up Agreement with respect to any Parent Shares, the Parties will take
commercially reasonable steps, if requested by such Seller (or such Seller’s permitted designee(s) hereunder), to facilitate the resale of the Parent Shares issued hereunder, including facilitating the removal of the any legend thereon, in
accordance with applicable Law. 
 8.9 Intercompany Loan Repayments. To the extent the Company is owed any amounts by an pre-Closing Affiliate of the Company, and is repaid such amounts within the twelve (12) month period following the Closing, Purchaser agrees to use commercially reasonable efforts to cause the Company, post-Closing,
to transfer such funds to Representative in a timely manner, subject to a cap of $125,000, in the aggregate. 
 9. Miscellaneous. 

9.1 Confidentiality. Unless otherwise expressly set forth elsewhere herein, each Party agrees to keep the terms and conditions of the
Transaction Agreements, and any confidential information that such Party receives from any other Party as a result of this Agreement, strictly confidential, with only the six (6) following exceptions: (i) as disclosure may be required by
Law or to enforce the terms of the Transaction Agreements; (ii) to secure tax, financial or legal advice from a professional tax consultant, financial advisor, accountant, banking officer or attorney; (iii) in the event that a Party sues
on any of the Transaction Agreements or otherwise requires any of the Transaction Agreements to defend itself in a lawsuit, that Party may disclose the Transaction Agreements to and/or file it with the court; (iv) the Transaction Agreements may
be disclosed by 

  

			
	Membership Interest Purchase Agreement	  	Page 59 of 68

 
a Party to its own shareholders, partners, members, managers, directors, insurance agents, insurance brokers, insurers, attorneys and advisors who need to know and agree to be bound by the
confidentiality provisions herein (with such disclosing Party bearing all Liability for any such disclosure by any such Person in violation of this Agreement); (v) any Party may disclose the existence of the Transaction Agreements to any Person, but
not its terms; and (vi) the Transaction Agreements and any confidential information may otherwise be disclosed to any Person with the written consent of all Parties (as it pertains to the Transaction Agreements) and the disclosing Party(ies)
(as it pertains to confidential information). In the case of a legal, quasi-legal, agency, or executive investigation or action, each of the Parties agrees to notify the other Parties within a reasonable amount of time (but no later than fourteen
(14) days (or fewer days, if warranted under the circumstances)) if they receive notice of an order, request, or action from any Person or Governmental Authority requesting or requiring the production or disclosure of any document or
information subject to confidentiality pursuant to this Section 9.1, so that an affected Party may appear and oppose such order, request, or action. 

9.2 No Invalidity Due to Federal Law. The Parties agree and acknowledge that this Agreement or any other Transaction Agreement may not
be terminated or challenged as illegal by any of them on account of any federal Law that prohibits the manufacture, cultivation, processing, dispensing, transport, possession or sale of medical marijuana. 

9.3 Successors and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the Parties and
the respective personal representatives, successors and assigns of the Parties. This Agreement may not be assigned by any Party except with the prior written consent of the other Parties hereto; provided, however, that Purchaser may assign
this Agreement to its Affiliate, so long as Purchaser remains liable for its obligations hereunder. Nothing in this Agreement, express or implied, is intended to confer upon any Person other than the Parties or their respective successors and
assigns or the indemnified parties in Section 7 any rights, remedies, obligations or Liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 

9.4 Governing Law. This Agreement shall be governed by the internal Law of the Commonwealth of Pennsylvania without regard to conflict
of Law principles. 
 9.5 Counterparts. This Agreement may be executed in two (2) or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature) or other commonly recognized transmission method and
any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. 
 9.6
Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. 

9.7 Notices. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed
effectively given upon the earlier of actual receipt, or (a) personal delivery to the Party to be notified, (b) when sent, if sent by electronic mail during normal business hours of the recipient, and if not sent during normal business
hours, then on the recipient’s next business day, or (c) one (1) business day after deposit with a nationally recognized overnight courier, freight prepaid, specifying next business day delivery, with written verification of receipt, in
each case to the intended recipient as set forth below: 

  

			
	Membership Interest Purchase Agreement	  	Page 60 of 68

 if to any Company Party or (prior to Closing) the Company, to: 

Keystone Relief Centers LLC 

215 25th Street, No. 10 

Pittsburgh, PA 15222 
 Attn:
Dr. Robert Capretto 
 Email: rcapre@aol.com 

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

Metz Lewis Brodman Must O’Keef LLC 

535 Smithfield Street, Suite 800 

Pittsburgh, PA 15222-2305 

Attn: Matthew D’Ascenzo 

Email: mdascenzo@metzlewis.com 

if to Purchaser, to: 
 Trulieve
PA LLC 
 3494 Martin Hurst Road 

Tallahassee, Florida 32312 

Attn: Eric Powers 
 Email:
eric.powers@trulieve.com 
 with a copy (which will not constitute notice) to: 

Akerman LLP 
 350 E. Las Olas
Boulevard 
 Suite 1600 
 Fort
Lauderdale, Florida 33301 
 Attn: Zack Kobrin & Sean Coyle 

Email: Zachary.Kobrin@akerman.com; Sean.Coyle@akerman.com 

9.8 Tax Liabilities. Each Party shall be solely responsible for reporting and discharging its own Tax liabilities and other obligations
that such Party may incur as a result of the Transactions Agreements and the transactions contemplated thereby, except as is expressly provided otherwise in any Transaction Agreement. 

9.9 Fees and Expenses. Each Party shall pay its own attorneys’ fees and expenses incurred in connection with the negotiation,
preparation and execution of the Transaction Agreements and the consummation of the transactions contemplated thereby (it being understood that the Company’s attorneys’ fees and such other expenses in connection with the Transaction
Agreements and all Company Transaction Expenses shall be paid separately by the Company at or prior to Closing). 

  

			
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 9.10 Attorneys’ Fees. In any proceeding arising out of or relating to the
Transaction Agreements, the prevailing party shall be entitled to recover its reasonable attorneys’ fees, costs and necessary disbursements from the losing party(ies). 

9.11 Amendments and Waivers. This Agreement may be amended, and any provision hereof may be waived, only with the written consent of
Purchaser, on the one hand, and Representative, on the other hand. Any purported amendment or waiver effected in violation of this Section 9.11 shall be void and of no effect. 

9.12 Severability. The invalidity or unenforceability of any provision of this Agreement shall in no way affect the validity or
enforceability of any other provision of this Agreement. 
 9.13 Delays or Omissions. No delay or omission to exercise any right,
power or remedy accruing to any Party under this Agreement, upon any breach or default of any other Party under this Agreement, shall impair any such right, power or remedy of such non-breaching or non-defaulting Party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any
single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any Party of any breach or default under this Agreement,
or any waiver on the part of any Party of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. Except as otherwise expressly provided in
Section 7.7, all remedies, either under this Agreement or by Law or otherwise afforded to any Party, shall be cumulative and not alternative. 

9.14 Entire Agreement. This Agreement (including the Disclosure Schedule and the other Exhibits hereto) and the other Transaction
Agreements constitute the full and entire understanding and agreement between the Parties with respect to the subject matter hereof and thereof, and supersede any and all other written or oral agreements, representations and warranties relating to
the subject matter hereof or thereof existing between the Parties, including, without limitation, that certain Letter of Intent, dated July 24, 2020, between certain of the Parties and/or certain of their Affiliates, all of which are expressly
canceled. 
 9.15 Dispute Resolution. Each Party (a) hereby irrevocably and unconditionally submits to the jurisdiction of the
state courts located in Allegheny County, Pennsylvania (the “Exclusive Venues”) for the purpose of any suit, action or other proceeding arising out of or based upon this Agreement, (b) agrees not to commence any suit, action or
other proceeding arising out of or based upon this Agreement except in the Exclusive Venues, and (c) hereby waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that
it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit,
action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court. 

  

			
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 9.16 Waiver of Jury Trial. EACH PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY
CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE
SUBJECT MATTER OF THIS TRANSACTION, INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS (INCLUDING FRAUD IN THE INDUCEMENT AND NEGLIGENCE), BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THIS SECTION HAS BEEN FULLY
DISCUSSED BY EACH OF THE PARTIES AND THESE PROVISIONS WILL NOT BE SUBJECT TO ANY EXCEPTIONS. EACH PARTY HEREBY FURTHER WARRANTS AND REPRESENTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT SUCH PARTY KNOWINGLY AND
VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. 
 9.17 No Strict Construction. The language used
in this Agreement will be deemed to be the language chosen by the Parties to express their mutual intent, and no rules of strict construction will be applied against any Party. 

9.18 Remedies. Subject to Section 9.19, in addition to being entitled to exercise all rights provided herein
or granted by Law, including indemnification rights pursuant to Section 7, the Parties will be entitled to specific performance under this Agreement. The Parties agree that monetary damages may not be adequate compensation for any
Losses incurred by reason of any breach of this Agreement and hereby agree to waive in any action for specific performance of any such obligation the defense that a remedy at Law would be adequate. 

9.19 Termination. 
 (a)
Right of Termination. This Agreement (and the transactions contemplated herein) may be terminated prior to or at Closing only: 
 (i)
by mutual written consent of Representative and Purchaser; 
 (ii) by Purchaser, if any Company Party or Company Party has breached, or
failed to perform or satisfy, any of their representations, warranties, covenants or other agreements contained in this Agreement and such breach or failure would give rise to the failure of any of the conditions set forth in
Section 4, which breach or failure to perform or satisfy (if capable of being cured) is not cured within ten (10) Business Days after Purchaser has provided notice in writing to Representative of Purchaser’s
intention to terminate this Agreement, or if the Company experiences a Material Adverse Effect; 
 (iii) by Representative, if Purchaser has
breached, or failed to perform or satisfy, any of its representations, warranties, covenants or other agreements contained in this Agreement and such breach or failure would give rise to the failure of any of the conditions set forth in
Section 5, which breach or failure to perform or satisfy (if capable of being cured) is not cured within ten (10) Business Days after Representative has provided notice in writing to Purchaser of Representative’s
intention to terminate this Agreement, or Purchaser or Parent experiences a Material Adverse Effect; 

  

			
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 (iv) by Representative or Parent, upon notice to the other Party, if a Governmental
Authority of competent jurisdiction has issued an Order preliminarily or permanently enjoining, making illegal or otherwise prohibiting the consummation of the transactions contemplated in this Agreement; or 

(v) by Representative or Purchaser, if the Closing has not occurred on or prior to December 31, 2020 (the “Kick Out
Date”), upon written notice to the other Parties; provided, however, that the terminating Party is not in material breach of any of its obligations hereunder that has been the primary cause of, or resulted in, the failure of
the Closing to occur on or before the Kick Out Date. 
 (b) Effect of Termination. Any valid termination of this Agreement pursuant to
Section 9.19(a) will be effective immediately upon the delivery of written notice by the terminating Party to the other Party, except for the mutual written consent of Seller and Purchaser as provided in
Section 9.19(a)(i). If this Agreement is terminated pursuant to Section 9.19(a), then except as otherwise provided herein, Section 9 (Miscellaneous) and this
Section 9.19(b) which shall remain in full force and effect and survive any termination of this Agreement and the Transaction Agreements, all further obligations of the Parties under this Agreement and the Transaction
Agreements, will terminate and become void and of no further force and effect and there shall be no further Liability or obligation on the part of any Party under this Agreement or the other Transaction Agreements. 

9.20 Legal Representation. It is acknowledged and agreed that the Parties and/or their agent(s) and attorneys have jointly participated
in the preparation and negotiation of this Agreement and the other Transaction Agreements. The Parties acknowledge and agree that they are each sophisticated business parties and have at all times had access to an attorney in negotiations of the
terms of and in the preparation and execution of this Agreement and the other Transaction Agreements. The Parties acknowledge and agree that all terms of this Agreement and the other Transaction Agreements were negotiated at arms-length, and this
Agreement and the other Transaction Agreements were prepared and executed without Fraud, duress, undue influence or coercion of any kind exerted by any of the Parties upon the others. 

9.21 Time is of the Essence. Time is of the essence with respect to each Party’s performance of its obligations under this
Agreement. 
 9.22 Public Announcements. Purchaser or Parent, in its sole discretion, in compliance with the rules and regulations of
the CSE, may issue any press release or make any public statement or disclosure with respect to this Agreement or the transactions contemplated hereby, notwithstanding anything to the contrary in this Agreement or any nondisclosure agreement between
the Parties; provided that, Purchaser shall provide Seller with at least three (3) Business Days prior notice of any such disclosure and work in good faith with Seller to incorporate any of Seller’s comments into such disclosure, to the
extent reasonable and mutually beneficial to the Parties; provided, however, that nothing herein shall restrict Purchaser or Parent from issuing a press release or making public statements (or require Purchaser to provide such notice or
opportunity to incorporate such comments) as may, upon the advice of counsel, be required by Law or, as applicable, the rules or regulations of the CSE. 

  

			
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 9.23 Appointment of Representative. 

(a) Each Seller and the Company irrevocably constitutes and appoints Dr. Robert Capretto as the Representative, with full and unqualified
power to delegate to one or more Persons the authority granted to it hereunder, to act as such Person’s true and lawful attorney-in-fact and agent, with full power
of substitution, and authorizes the Representative acting for such Person and in such Person’s name, place and stead, in any and all capacities to do and perform every act and thing required or permitted to be done in connection with the
transactions contemplated by this Agreement and the other Transaction Agreements, as fully to all intents and purposes as such Person might or could do in person, including: 

(i) to determine the time and place of Closing, to determine whether the conditions to effect the Closing set forth in
Section 5 have been satisfied (or to waive such conditions); 
 (ii) to take any and all action on behalf of such
Sellers and the Company from time to time as Representative may deem necessary or desirable to fulfill the interests and purposes of this Agreement and the other Transaction Agreements and to engage agents and representatives (including accountants
and legal counsel) to assist in connection therewith, including the delivery of the Purchased Interests and Membership Interest Assignments to Purchaser as contemplated hereby; 

(iii) to negotiate, execute and deliver any amendments to and terminations of this Agreement and the other Transaction Agreements and to
prepare any modification to the Disclosure Schedule; 
 (iv) to give such orders and instructions as Representative in his sole discretion
shall determine with respect to this Agreement and the other Transaction Agreements and the transactions contemplated hereby and thereby; 

(v) to retain a portion of the Purchase Price for payment of expenses relating to the transactions or the obligations of the Sellers and the
Company, Representative, or any such Seller or Company arising under or in connection with this Agreement and maintain a reserve for a period of time in connection with the payment of such expenses or obligations, and to incur and pay such expenses
and obligations out of such reserve as Representative deems appropriate in his sole discretion; 
 (vi) to take all actions necessary to
handle and resolve claims by or against Purchaser for indemnification by such Sellers under this Agreement; 
 (vii) to take all actions
necessary to handle and resolve any adjustment to the Purchase Price under this Agreement; 
 (viii) to retain and to pay legal counsel and
other professionals in connection with any and all matters referred to herein or relating hereto or any other Transaction Agreements (which counsel or other professionals may, but need not, be counsel or other professionals engaged by the Company);

  

			
	Membership Interest Purchase Agreement	  	Page 65 of 68

 (ix) to make, acknowledge, verify and file on behalf of any such Seller applications,
consents to service of process and such other documents, undertakings or reports as may be required by Law as determined by Representative in his sole discretion after consultation with counsel; and 

(x) to make, exchange, acknowledge, deliver, amend and terminate all such other contracts, powers of attorney, orders, receipts, notices,
requests, instructions, certificates, letters and other writings, and in general to do all things and to take all actions, that Representative in his sole discretion may consider necessary or proper in connection with or to carry out the aforesaid,
as fully as could such Sellers or the Company if personally present and acting. 
 (b) Each of such Sellers and the Company hereby
irrevocably grants unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing necessary or desirable to be done in
connection with the matters described above, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that Representative may lawfully do or cause to be done by virtue hereof, including
without limitation executing and delivering any Transaction Agreement and any other agreements, instruments and consents on behalf of any of the Sellers. Each of such Sellers and the Company further agrees not to take any action inconsistent with
the terms of this Section 9.23 or with the actions (or decisions not to act) of Representative hereunder, and in any case shall not take any action or other position under this Agreement without the consent of
Representative. To the extent of any inconsistency between the actions (or decisions not to act) of Representative and of any such Seller or the Company hereunder, the actions (or decisions not to act) of Representative shall control. EACH SUCH
SELLER ACKNOWLEDGES THAT IT IS HIS OR ITS EXPRESS INTENTION TO HEREBY GRANT A DURABLE POWER OF ATTORNEY UNTO REPRESENTATIVE AND THAT THIS DURABLE POWER OF ATTORNEY IS NOT AFFECTED BY SUBSEQUENT INCAPACITY OF SUCH SELLER. Each of such Sellers and the
Company further acknowledges that this power of attorney is coupled with an interest and irrevocable, and agrees that upon execution of this Agreement, any delivery by Representative of any waiver, amendment, agreement, opinion, certificate or other
documents executed by Representative pursuant to this Section 9.23, such Seller and the Company shall be bound by such documents as fully as if such Seller and the Company had executed and delivered such documents, and any
action (or decision not to act) taken or otherwise implemented by Representative under this Agreement shall be binding upon all Sellers and the Company. 

(c) Each Seller agrees that Purchaser shall be entitled to rely on any action taken by Representative, on behalf of Sellers pursuant to
Section 9.23(a) above (each, an “Authorized Action”), and that each Authorized Action shall be binding on each such Seller as fully as if such Person had taken such Authorized Action. Each
Seller acknowledges and agrees that any payment made by Purchaser or Parent on behalf of such Seller to Representative pursuant to this Agreement shall constitute full and complete payment to such Seller and neither Purchaser nor Parent shall have
any further Liability therefor. No Seller shall bring, and each Seller hereby waives any right to bring, any Legal Proceeding against Purchaser or Parent as a result of any actions or inactions of Representative. 

  

			
	Membership Interest Purchase Agreement	  	Page 66 of 68

 (d) Any indemnity, liability, payment, or other requirements (collectively
“Risk”) assumed by Representative in this Agreement shall be assumed by and apply to each of the Sellers individually. Each of the Sellers agree that should any Risk arise, then the Sellers will equally contribute resources and time
to mitigating or resolving the Risk. Each of the Sellers explicitly agree to indemnify and hold Representative harmless for any Risk brought against the Representative arising out of or relating to this transaction, except for actions where the
Representative has engaged in gross negligence. 
 (e) In the event of the death or permanent disability of Representative, or his
resignation, a successor Representative shall be appointed by a majority vote of the holders of issued and outstanding equity interests of the Company immediately prior to the Closing, with each such holder (or such holder’s successors or
assigns) to be given a vote equal to the number of votes represented by the percentage of the Company’s outstanding equity interests held by such holder immediately prior to the Closing, and in that event the appointment shall be binding upon
all the Sellers. 
 (f) Each Seller shall, simultaneous with the execution of this Agreement, deposit his, her or its equity interests of the
Company (together with an executed Membership Interest Assignment executed in blank) with Representative for delivery by Representative to Purchaser at the Closing. 

(g) Representative shall not be liable to any of the Sellers for any act done or omitted hereunder as Representative while acting in good faith
(and any act done or omitted pursuant to the advice of professional advisors (including attorneys and accountants) shall be conclusive evidence of such good faith) and without gross negligence. Each Seller shall defend and indemnify Representative
and hold him harmless from and against any Liabilities incurred without gross negligence on the part of Representative that arise out of or in connection with the acceptance or administration of his duties hereunder, including any out-of-pocket costs and expenses (including legal and accounting fees and expense) reasonably incurred by Representative. 

(h) In performance of Representative’s duties, Representative shall be entitled to rely upon the Disclosure Schedules and upon the
representations and warranties made by the Sellers as correct and complete. Representative may rely upon as correct the information supplied to Representative by the Company prior to the Closing Date, any professional advisors (including accountants
and attorneys) of any Seller, and any professional advisors of the Company prior to the Closing Date. 
 9.24 Waiver of Conflicts
Regarding Representation; Non-Assertion of Attorney Client Privilege. 
 (a) Parent,
Purchaser and their respective Affiliates (including the Company after the Closing) (collectively, the “Purchaser Group”) hereby waives any claim that Sellers Counsel in connection with this Agreement and the other Transaction
Documents, the negotiation hereof and thereof and the consummation of the transactions contemplated hereby and thereby (“Pre-Closing Representation”) has or will have a conflict of interest or
is otherwise prohibited from representing Representative, Sellers or their Affiliates, or any of the respective members, 

  

			
	Membership Interest Purchase Agreement	  	Page 67 of 68

 
managers, directors or officers (“Designated Persons”) in any dispute with any member of the Purchaser Group or any other matter relating to this Agreement, the other Transaction
Agreements, the negotiation hereof and thereof, and the transactions contemplated hereby and thereby, in each case, after the Closing Date (“Post-Closing Representation”), even though the interests of one or more of the Designated
Persons in such dispute or other matter may be directly adverse to the interests of one or more members of the Purchaser Group. 
 (b) Parent
and Purchaser, on behalf of themselves and rest of the Purchaser Group, hereby covenant and agree, that, as to all communications between the Sellers Counsel, on the one hand, and any Designated Person or the Company (with respect to the Company,
solely prior to the Closing), on the other hand, that relate in any way to the Pre-Closing Representation, the attorney-client privilege and the expectation of client confidence belong to and shall be
controlled by the applicable Designated Persons, and shall not pass to or be claimed by any member of the Purchaser Group. Parent and Purchaser, on behalf of themselves and the rest of the Purchaser Group, hereby irrevocably waive and agree not to
assert, any attorney-client privilege or confidentiality obligation with respect to any communication between Prior Company Counsel, on the one hand, and any Designated Person, on the other hand, occurring during the
Pre-Closing Representation in connection with any Post-Closing Representation. Notwithstanding the foregoing, if, after the Closing, a dispute arises between Parent, Purchaser, or one or more of its
Affiliates, on the one hand, and a third party other than (and unaffiliated with) any Designated Person, on the other hand, then Parent, Purchaser or such Affiliate (to the extent applicable) may assert the attorney-client privilege to prevent
disclosure to such third party of confidential communications by Sellers Counsel. 
 (c) After the Closing, the Company will each cease to
have any attorney-client relationship with Sellers Counsel, unless and to the extent that Sellers Counsel is expressly engaged in writing by the Company to represent it. Any such representation of the Company by Sellers Counsel after the Closing
will not affect the foregoing provisions hereof. 
 [Signature Page Follows] 

  

			
	Membership Interest Purchase Agreement	  	Page 68 of 68

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first
written above. 
  

			
	COMPANY:
	
	KEYSTONE RELIEF CENTERS LLC,
	doing business as Solevo Wellness
		
	By:	 	 /s/ Robert Capretto

	Name: Dr. Robert Capretto
	Title: Chief Executive Officer
	
	SELLERS:
	
	ML5 ENTERPRISES LLC
		
	By:	 	 /s/ Lucille Cichon

	Name: Lucille Cichon
	Title:  Managing Partner
	
	KAYLEN, LLC
		
	By:	 	 /s/ Kathi Lenart

	Name: Kathi Lenart
	Title:  Member
	
	THE MARTELLA GROUP
		
	By:	 	 /s/ Kathleen A. Martella

	Name: Kathleen A. Martella
	Title:  Partner
	
	MARKHAM MAGIC. LLC
		
	By:	 	 /s/ Justin W. Jevich

	Name: Justin W. Jevich
	Title:  PRESIDENT
	
	JTG & ASSOCIATES, LLC
		
	By:	 	 /s/ June Groutenugo

	Name: June Groutenugo
	Title: Manager

 [Signature Page to Membership Interest Purchase Agreement] 

 IN WITNESS WHEREOF, the. Parties have executed this Agreement as of the date first
written above. 
  

			
	SELLERS:
	
	OAK HILL KEYSTONE, LLC
		
	By:	 	 /s/ Robert Capretto

	Name: Robert Capretto
	Title:  Manager
	
	ETODD GROUP, LLC
		
	By:	 	 /s/ Alisa T. Sanders

	Name: Alisa T. Sanders
	Title:  CEO
	
	EARTHMED PARTNERS, LLC
		
	By:	 	 /s/ Alexander J. Micklow

	Name: Alexander J. Micklow
	Title:  Manager
	
	MARKS PENNSYLVANIA GROUP, LLC
		
	By:	 	 /s/ Louis S. Gold

	Name. Louis S. Gold
	Title:  Managing Member
	
	LAUREL INVESTMENT GROUP LLC
		
	By:	 	 /s/ Willian T. Fritz

	Name: Willian T. Fritz
	Title:  Managing Partner
	
	 /s/ Samual Britz

	Samual Britz
	
	 /s/ Nick Geanopulos

	Nick Geanopulos

 [Signature Page to Membership Interest Purchase Agreement] 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first
written above. 
  

	
	SELLERS:
	
	 /s/ Rocco Levinc

	Rocco Levinc
	
	 /s/ Patrick Gannon

	Patrick Gannon
	
	 REPRESENTATIVE:

	
	 /s/ Robert Capretto

	Dr. Robert Capretto

 [Signature Page to Membership Interest Purchase Agreement] 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first
written above. 
  

			
	PURCHASER:
	
	TRULIEVE PA LLC
		
	By:	 	 /s/ Eric Powers

	Name: Eric Powers
	Title:	 	President
	
	PARENT:
	
	TRULIEVE CANNABIS CORP.
		
	By:	 	 /s/ Eric Powers

	Name: Eric Powers
	Title:	 	Secretary

 [Signature Page to Membership Interest Purchase Agreement]EX-10.23

 Exhibit 10.23 

Execution Version 

ASSET PURCHASE AGREEMENT 

by and among 
 LIFE
ESSENCE, INC., 
 and 

PATIENT CENTRIC OF MARTHA’S VINEYARD LTD., 

dated as of 

October 1, 2020 
  

 

 ASSET PURCHASE AGREEMENT 

This Asset Purchase Agreement (this “Agreement”), dated as of October 1, 2020 (the “Agreement
Date”), is entered into by and among Life Essence, Inc., a Massachusetts corporation (“Buyer”), and Patient Centric of Martha’s Vineyard Ltd., a Massachusetts corporation (“Seller”). 

RECITALS 
 WHEREAS, Seller
intends to engage in the business of operating a marijuana retailer dispensary (the “Business”) at the premises known as 85 Worcester Road, Framingham, MA 01701 (the “Premises”); and 

WHEREAS, Seller wishes to sell and assign to Buyer, and Buyer wishes to purchase and assume from Seller, certain assets and certain specified
liabilities of Seller used in or necessary solely for the Business, subject to the terms and conditions set forth herein; 
 NOW, THEREFORE,
in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 

PURCHASE AND SALE 

Section 1.01 Purchase and Sale of Assets. Subject to the terms and conditions set forth herein, at the
Closing (as hereinafter defined), Seller shall sell, assign, transfer, convey and deliver to Buyer, and Buyer shall purchase and acquire from Seller, all of Seller’s right, title and interest in, to and under the following assets, properties
and rights of Seller, to the extent that such assets, properties and rights exist as of the Closing Date and exclusively relate to the Business (collectively, the “Purchased Assets”), in each case free and clear of all mortgages,
liens, charges, pledges, security interests, claims and other encumbrances (collectively, “Encumbrances”): 
 (a) The
provisional adult use marijuana retailer license to operate as a “Marijuana Product Retailer” as defined by 935 CMR 500, as the same may be amended, modified or supplemented, issued by the Cannabis Control Commission
(“CCC”) for use at the Premises (the “License”), as issued to Buyer in accordance with Section 5.02(d). 

(b) All state and local governmental authorizations associated with and/or required to hold, maintain, and operate the License held by Seller,
including, without limitation, the following: 
 (i) the executed Host Community Agreement, dated November 20, 2019, between Seller and
the City of Framingham, as defined in Massachusetts General Law Annotated, chapter 94G, section 3(d), as the same may be amended, modified or supplemented (an “HCA”), as lawfully assigned by the City of Framingham to Buyer in
accordance with Section 5.02(d); and 
 (ii) the approved Minor Site Plan in accordance with Section VI.F.2.c of
the Framingham Zoning Bylaws (the “Site Plan”). 
 (c) Seller’s commercial lease agreement for the Premises, described
in Schedule 1.01(c) hereto (the “Lease”), as approved by Buyer in accordance with Section 5.02(d)(ii). 

 (d) The engineering, architectural and security plans prepared in connection with or
relating to the Business, as set forth on Schedule 1.01(d) hereto. 
 Section 1.02 Excluded Assets.
Notwithstanding the foregoing, the Purchased Assets shall not include any cash or any of the other assets other than the Purchased Assets (collectively, the “Excluded Assets”). 

Section 1.03 Limited Assumption of Liabilities. Subject to the terms and conditions set forth herein, Buyer
shall assume and agree to pay, perform and discharge the liabilities and obligations with respect to the Assigned Contracts (i) to the extent arising after the Closing (as defined herein), and (ii) to the extent that such liabilities and
obligations do not relate to any breach, default or violation by Seller on or prior to the Closing (collectively, the “Assumed Liabilities”). Other than the Assumed Liabilities, Buyer shall not assume any liabilities or obligations
of Seller of any kind, whether known or unknown, contingent, matured or otherwise (the “Excluded Liabilities”), which shall include, but not be limited to (i) any claim, action, suit, proceeding or governmental investigation
(collectively, any “Action”) prior to or at the Closing; (ii) (A) any Liability of Seller for Taxes, (B) any Taxes arising as a result of the operation of the Business or the leasing, ownership, operation or use of the
Purchased Assets prior to the Closing, including Straddle Period Taxes allocated to the Pre-Closing Tax Period, as determined under Section 5.05(b), (C) any Transfer Taxes, as provided in
Section 5.02(c), and (D) any liability of Seller for the Taxes of any Person as a transferee or successor, by contract, or otherwise; (iii) any obligation or liability to any Person for any broker’s,
finder’s, agent’s or similar fee (whether in connection with the transactions contemplated by this Agreement or otherwise); and (iv) any other liability of Seller, in the case of each of (i)-(iv) whether or not disclosed. 

Section 1.04 Purchase Price. 

(a) The aggregate purchase price for the Purchased Assets shall be equal to $4,750,000 (the “Purchase Price”). Buyer shall pay
the Purchase Price at the Closing (as defined herein) by issuance of that number of Buyer Shares equal to the quotient of (A) the Purchase Price, as adjusted by this Section 1.04, divided by (B) the
Closing Buyer Share Price, rounded down to the nearest whole share (the “Share Consideration”); provided, however, that a portion of the Share Consideration with a value equal to the Holdback
Amount (based on the Closing Buyer Share Price) shall be subject to the terms of Section 1.05.For purposes of the determining the Purchase Price, the following definitions shall apply: 

(i) “Buyer Shares” means Subordinate Voting Shares of Trulieve Cannabis Corp. (“Buyer Parent”) that are
traded on the CSE. 
 (ii) “Closing Buyer Share Price” means the volume-weighted average price of Common Shares of Buyer
Parent on the CSE for each trading day during the ten (10) consecutive trading days immediately preceding the Agreement Date (subject to appropriate adjustment in the event of any conversion, stock split, dividend, combination or other similar
recapitalization). The Closing Buyer Share Price shall be expressed in U.S. dollars, calculated using the exchange rate published by the Bank of Canada at https://www.bankofcanada.ca/rates/exchange/daily-exchange-rates/ for the day that is two
(2) business days prior to the Agreement Date. 
 (iii) “CSE” means the Canadian Securities Exchange. 

 

  
 2 

 Section 1.05 Holdback. Seller and Buyer agree that a number of
Buyer Shares valued at $200,000 (based on the Closing Buyer Share Price) (the “Holdback Amount”) shall be retained by Buyer and Buyer Parent until the date that is six (6) months following the Closing (the
“Holdback Release Date”). The Holdback Amount shall constitute partial security for the satisfaction of claims made by Buyer or any Buyer Affiliate under Section 7.02. If, on the Holdback Release Date,
there are any claims that have been notified to Seller and are being actively pursued by Buyer pursuant to and in accordance with Article VII (any such claims, “Unresolved Claims”), Buyer and Buyer Parent may retain, solely
until such Unresolved Claims are resolved or satisfied, such portion of the Holdback Amount as it determines would be necessary to satisfy such Unresolved Claims (the “Retained Holdback Amount”), which Retained Holdback Amount shall
equal the lesser of (a) the portion of the Holdback Amount then remaining or (b) the amount of the damages sought in connection with such claim(s), as determined in good faith by Buyer in accordance with the terms and conditions of
Article VII. In accordance with this Section 1.05, Buyer Parent is authorized to instruct its transfer agent to include a notation on the Buyer Shares constituting the Holdback Amount indicating that such Buyer
Shares: (i) may not be sold, transferred or otherwise disposed of without Buyer Parent’s consent and (ii) are subject to the terms of this Agreement (including Buyer’s indemnification rights pursuant to
Section 7.05(b)). Subject to the terms and conditions of this Section 1.05, Buyer Parentshall instruct its transfer agent to remove such notation (i) on the Holdback Release Date,
with respect to the portion of the Holdback Amount in excess of the Retained Holdback Amount, if any, and (ii) on the date any Unresolved Claim is resolved or satisfied without exhausting the Retained Holdback Amount, with respect to such
portion of the Retained Holdback Amount that is in excess of the amount necessary to satisfy any Unresolved Claims. 

Section 1.06 Allocation of Purchase Price. Seller and Buyer agree that the Purchase Price (including the
Assumed Liabilities and all other capitalized costs, as appropriate) shall be allocated in accordance with Section 1060 of the Code (and any similar provision of state, local or foreign Tax law, as may be applicable), among the Purchased Assets
for all purposes (including Tax and financial accounting). Seller and Buyer agree that the allocation provided for under this Section 1.06 may subsequently be adjusted by Buyer in accordance with Section 1060 of the
Code, which adjustment to the allocations shall be provided by Buyer to Seller for Seller’s review and comment (with any such comments by Seller to be considered by Buyer in good faith). Buyer and Seller shall file, and cause any of their
respective Tax preparers or other representatives to file, all Tax Returns (including amended returns and claims for refund) and information reports in a manner consistent with such allocation. 

Section 1.07 Withholding Tax. Buyer shall be entitled to deduct and withhold (or cause to be deducted and
withheld) from any amounts payable in respect of the Purchased Assets or any other payments made pursuant to this Agreement such amount, if any, as Buyer determines in good faith is required to be deducted and withheld with respect to the making of
such payment under applicable law, and be entitled to collect any necessary Tax forms for avoiding such withholding, including IRS Form W-9, or any similar information, from Seller and any other recipient of
any payment hereunder. To the extent that amounts are so withheld (or caused to be withheld) and paid to the appropriate governmental authority, such withheld amounts shall be treated for all purposes as having been paid to Seller or such other
recipient, as applicable, in respect of which such deduction and withholding was made. 
 Section 1.08 Transfer of
Acquired Assets and Assumed Liabilities. The Purchased Assets shall be sold, conveyed, transferred, assigned and delivered, and the Assumed Liabilities shall be assumed, pursuant to transfer and assumption agreements and such other
instruments in such form as may be necessary or appropriate to effect a conveyance of the Purchased Assets and an assumption of the Assumed Liabilities in the jurisdictions in which such transfers are to be made. Such transfer and assumption
agreements shall include the agreements and instruments referred to in Section 2.02(a)(i), which shall be executed and delivered no later than at or as of the Closing. The Assumed Contracts and the Assumed Liabilities shall
be assigned and assumed, at or as of the Closing, pursuant to such agreements and 

  
 3 

 
instruments as may be mutually agreed by the parties thereto and Buyer. From time to time after the Closing, upon the reasonable request of Buyer, Seller shall execute and deliver such other
instruments of transfer and documents related thereto and take such other action as Buyer may reasonably request in order to more effectively transfer to Buyer and to place Buyer in possession and control of, the Purchased Assets, or to enable Buyer
to exercise and enjoy all rights and benefits of Seller with respect thereto. From time to time after the Closing, Buyer shall take such actions as Seller may reasonably request in order to assure Buyer’s assumption of the Assumed Liabilities.

 ARTICLE II 

CLOSING 

Section 2.01 Closing. Subject to the satisfaction or waiver in accordance with Section 9.09
of each of the conditions set forth in Article VI, the closing of the transactions contemplated by this Agreement (the “Closing”) shall take place remotely via the exchange of documents and signatures, on a date
mutually agreed by Buyer and Seller, as soon as practicable, but in no event later than 12:00 p.m. Boston, Massachusetts time on the second business day after the date on which each of the conditions set forth in Article VI has been satisfied
or waived in accordance with Section 9.09, or at such other place, at such other time or on such other date as Buyer and Seller may mutually agree (the “Closing Date”). 

Section 2.02 Closing Deliverables. 

(a) Subject to the terms and conditions of this Agreement, at the Closing, Seller shall deliver to Buyer the following: 

(i) such bills of sale, assignments and such other instruments of transfer as shall transfer to Buyer full title to the Purchased Assets free
and clear of all Encumbrances, in form and substance mutually acceptable to the parties hereto; 
 (ii) a certificate pursuant to Treasury
Regulations Section 1.1445-2(b) that Seller is not a foreign person within the meaning of Section 1445 of the Code duly executed by Seller and any certificate required by Section 1446 of the
Code; 
 (iii) the Tax Clearance Certificates and evidence, satisfactory to Buyer, of any required notifications described in
Section 5.05(f); 
 (iv) a certificate, dated as of the Closing Date and executed on behalf of Seller by its Chief
Executive Officer, to the effect that each of the conditions set forth in Sections 6.01(a), 6.01(b) and 6.01(c) has been satisfied; 

(v) a certificate of an officer of Seller certifying as to (A) the resolutions of the board of directors of Seller, duly adopted and in
effect, which authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby, (B) the resolutions of the holders of the requisite voting power of the capital stock of Seller, duly adopted and in
effect, which authorize the transactions contemplated hereby, and (C) the names and signatures of the officers of Seller authorized to sign this Agreement and the documents to be delivered hereunder; 

(vi) a written consent and release agreement, in substantially the form and substance of Exhibit A attached here to, from Acreage
Holdings, Inc. (the “Lender Consent and Release Agreement”); 

  
 4 

 (vii) written consent from the City of Framingham to the assignment of the HCA or other
evidence showing an HCA between the City of Framingham and Buyer and all other approvals or consents required to operate the License, in each case in form and substance acceptable to Buyer; 

(viii) the Lease, as approved by Buyer in accordance with Section 5.02(d)(ii), which Lease authorizes assignment to
Buyer, and assignment of said Lease to Buyer on forms acceptable to Buyer; 
 (ix) an accredited investor questionnaire substantially in the
form attached hereto as Exhibit B (the “Accredited Investor Questionnaire”); and 
 (x) such other customary
instruments of transfer, assumption, filings or documents, in form and substance reasonably satisfactory to Buyer, as may be required to give effect to this Agreement. 

(b) At the Closing, Buyer shall deliver, or cause to be delivered, the following: 

(i) the Share Consideration; and 

(ii) the instruments described in Section 2.02(a)(i) duly executed by Buyer. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF SELLER 

Seller represents and warrants to Buyer that the statements contained in this Article III are true and correct as of the Agreement Date
and as of the Closing Date. Each individual section in the Disclosure Schedule attached to this Agreement (the “Disclosure Schedule”) which identifies a section or subsection of this Article III contains exceptions to such
identified section or subsection contained in this Article. Each section of the Disclosure Schedule will be deemed to incorporate by reference information disclosed in any other section of the Disclosure Schedule only to the extent that the
relevance of such disclosure to any such other section is reasonably apparent from the terms of such disclosure. For purposes of this Article III, “Seller’s Knowledge,” “Knowledge of Seller” and any similar
phrases shall mean the actual knowledge of either Geoffrey Rose (the “CEO”) after due inquiry. 

Section 3.01 Organization and Authority of Seller; Enforceability. Seller is a corporation duly organized,
validly existing and in good standing under the laws of The Commonwealth of Massachusetts. Seller has full corporate power and authority to enter into this Agreement and the documents required hereunder to be executed and delivered by Seller (this
Agreement collectively with such other documents, the “Seller Documents”), to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution, delivery and
performance by Seller of the Seller Documents and the consummation of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action on the part of Seller. The Seller Documents have been duly executed
and delivered by Seller, and (assuming due authorization, execution and delivery by Buyer) the Seller Documents constitute legal, valid and binding obligations of Seller, enforceable against Seller in accordance with their respective terms. 

Section 3.02 No Conflicts; Consents. Except as set forth on Section 3.02 of the
Disclosure Schedule, the execution, delivery and performance by Seller of the Seller Documents, and the consummation of the transactions contemplated hereby and thereby, do not and will not: (a) violate or conflict with the certificate
of incorporation or by-laws of Seller; (b) violate or conflict with any judgment, order, decree, statute, law, ordinance, rule or regulation applicable to Seller or the Purchased Assets; (c)

  
 5 

 
conflict with, or result in (with or without notice or lapse of time or both) any violation of, or default under, or give rise to a right of termination, acceleration or modification of any
obligation or loss of any benefit under any contract or other instrument to which Seller is a party or to which any of the Purchased Assets are subject; or (d) result in the creation or imposition of any Encumbrances on the Purchased Assets.
Except as set forth on Section 3.02 of the Disclosure Schedule, no consent, approval, waiver or authorization is required to be obtained by Seller from any Person or entity (including any governmental authority) in
connection with the execution, delivery and performance by Seller of the Seller Documents and the consummation of the transactions contemplated hereby and thereby. 

Section 3.03 Title to Purchased Assets. Except as set forth on Section 3.03 of the
Disclosure Schedule, Seller owns and has good title to the Purchased Assets, free and clear of Encumbrances and has the right, power and authority to transfer all Purchased Assets to Buyer in accordance with this Agreement. 

Section 3.04 Assigned Contracts. Section 3.04 of the Disclosure Schedule lists each Assigned
Contract and includes each contract included in the Purchased Assets and being assigned to and assumed by Buyer. Each Assigned Contract is valid and binding on Seller in accordance with its terms and is in full force and effect. None of Seller
or, to Seller’s Knowledge, any other party thereto is in breach of or default under (or is alleged to be in breach of or default under), or has provided or received any notice of any intention to terminate, any Assigned Contract. No event or
circumstance has occurred that, with or without notice or lapse of time or both, would constitute an event of default under any Assigned Contract or result in a termination thereof or would cause or permit the acceleration or other changes of any
right or obligation or the loss of benefit thereunder. Complete and correct copies of each Assigned Contract have been provided to Buyer. There are no disputes pending or, to Seller’s Knowledge, threatened under any Assigned Contract. 

Section 3.05 Permits. Section 3.05 of the Disclosure Schedule lists all permits, licenses,
approvals, authorizations, registrations, certificates, variances and similar rights obtained from governmental authorities included in the Purchased Assets (the “Transferred Permits”). Except as disclosed on
Section 3.05 of the Disclosure Schedule, the Transferred Permits are valid and in full force and effect. All fees and charges with respect to such Transferred Permits as of the date hereof have been paid in full. To
Seller’s Knowledge, no event has occurred that, with or without notice or lapse of time or both, would reasonably be expected to result in the revocation, suspension, lapse or limitation of any Transferred Permit. All information contained in
Seller’s Application (as hereinafter defined) and any and all other information that Seller has delivered or communicated to the CCC relating to Seller, was true and accurate in all respects as of the date on which Seller submitted such
information to the CCC, is accurate in all respects as of the date of this Agreement, and will be accurate in all respects as of the Closing Date. 

Section 3.06 Compliance with Laws. Seller has complied, and is now complying, with all applicable federal,
state and local laws and regulations applicable to it, its Business and to ownership, use, commercialization and sale, as applicable, of the Purchased Assets, with the exception of federal laws criminalizing the sale, distribution, and possession of
cannabis. Seller specifically represents and warrants to Buyer that, to Seller’s Knowledge, no financial, contractual or control relationship with Acreage Holdings, Inc. or its subsidiaries or Affiliates is the subject of any ongoing
investigation, Request for Information, or any other inquiry by the CCC. 
 Section 3.07 Legal Proceedings. There
is no Action of any nature pending or, to Seller’s Knowledge, threatened against or by Seller (a) relating to or affecting the Purchased Assets; or (b) that challenges or seeks to prevent, enjoin or otherwise delay the
transactions contemplated by this Agreement. To Seller’s Knowledge, no event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action. 

  
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 Section 3.08 Taxes. 

(a) Except as set forth on Section 3.08 of the Disclosure Schedule, Seller has filed on a timely basis all Tax
Returns that it was required to file in the manner prescribed by applicable law. All such Tax Returns were true, correct and complete in all respects. All Taxes owed by Seller (whether or not shown or required to be shown on any Tax Return) have
been paid on a timely basis. Seller is not currently the beneficiary of any extension of time within which to file any Tax Return. No claim has ever been made by a governmental authority in a jurisdiction where Seller does not file Tax Returns that
Seller is or may be subject to taxation by that jurisdiction. There are no Encumbrances for Taxes upon any of the Purchased Assets or any other assets of Seller nor, to Seller’s Knowledge, is any governmental authority in the process of
imposing any Encumbrances for Taxes on any of the Purchased Assets or any other assets of Seller. 
 (b) Seller has withheld and paid all
Taxes required to have been withheld and paid in connection with any amounts paid or owing to any employee, independent contractor, creditor, owner, or other third party, and all IRS Forms W-2 and 1099
required with respect thereto have been properly completed and timely filed. All other information reporting and payroll Tax requirements required to be complied with by Seller have been satisfied in all respects. 

(c) None of the Purchased Assets: (i) is “tax-exempt use property” within the meaning of
Section 168(h) of the Code; (ii) is “tax-exempt bond financed property” within the meaning of Section 168(g) of the Code, (iii) directly or indirectly secures any debt, the
interest on which is Tax exempt under Section 103(a) of the Code; (iv) is “limited use property” within the meaning of Rev. Proc. 76-30 or 2001-28,
(v) is property that is required to be treated as being owned by any other Person pursuant to the provisions of former Section 168(f)(9) of the Internal Revenue Code of 1954; (vi) is subject to Section 168(g)(1)(A) of the Code,
(vii) is subject to a lease under Section 7701(h) of the Code or under any predecessor section, or (viii) is subject to any provision of Tax law comparable to any of the provisions listed above. 

(d) Seller is not, and Seller has never been, a party to a transaction or agreement that is in conflict with the Tax rules on transfer pricing
in any relevant jurisdiction. Seller has complied with all documentation requirements under applicable Tax rules relating to transfer pricing matters. 

(e) Seller has not received written notice from any governmental authority of (i) any pending or threatened Tax audit, suit, litigation,
proceeding, assessment, dispute, claim or other Action, or (ii) any Tax deficiency, in the case of each of clauses (i) and (ii), relating to the Business or any of the Purchased Assets, which audit, proceeding, dispute, claim or deficiency
has not been finally resolved. 
 (f) Seller has not waived any statute of limitations in respect of Taxes or agreed to any extension of time
with respect to a Tax assessment or deficiency, which waiver or extension is still in effect. 
 (g) Seller has not made any payments, is not
obligated to make any payments, nor is a party to any agreement that could obligate it to make any payments that would not be deductible under Section 280G of the Code. 

(h) Seller is not a party to, or bound by, any Tax indemnity, Tax sharing, Tax allocation or similar agreement. Seller has never been a member
of an affiliated group filing a consolidated federal income Tax Return or a unitary Tax Return and does not have any Tax Liability for any other Person under Treasury Regulations Section 1.1502-6 or any
similar provision of state, local, or non-U.S. Tax saw. Seller does not have any actual or potential liability for any Tax obligation of any taxpayer (other than Seller). 

  
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 (i) Buyer will not be required to include any item of income in taxable income for the
taxable period or portion thereof ending after the Closing Date as a result of a prepaid amount received by Seller on or before the Closing Date. 

(j) No private letter rulings, technical advice memoranda or similar agreements or rulings related to Taxes have been requested, entered into
or issued by any governmental authority with respect to the Business or any of the Purchased Assets. 
 (k) Seller has disclosed on its
federal income Tax Returns all positions taken therein that could give rise to a substantial understatement of federal income Tax within the meaning of Section 6662 of the Code. Seller is not, nor has been, a party to, or a promoter of,
(i) a “reportable transaction” within the meaning of Section 6707A(c)(1) of the Code and Treasury Regulations Section 1.6011-4(b) or (ii) a “listed transaction” within
the meaning of Treasury Regulations Section 1.6011-4(b). 
 Section 3.09
Brokers. No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission in connection with the transactions contemplated by this Agreement based upon arrangements made by or on behalf of
Seller. 
 Section 3.10 Capitalization. Section 3.10 of the Disclosure Schedule contains
a list of all holders of capital stock of Seller and options, warrants or rights to purchase such capital stock, that will be outstanding immediately before the Closing, in each case including the number of shares of capital stock held by, or
subject to purchase pursuant to the exercise of any option, warrant or right held by, each such holder. 
 Section 3.11 Investor
Representations. 
 (a) Seller is an “accredited investor” as defined in Rule 501(a) of Regulation D under the Securities Act
of 1933, as amended (the “Securities Act”), and is resident in the United States or otherwise a “U.S. Person”, as defined in Regulation S under the Securities Act. 

(b) Seller has been given access to material and relevant information concerning Buyer and Buyer Parent thereby enabling Seller to make an
informed investment decision concerning Seller’s investment in the Buyer Shares. Seller has had an opportunity to ask questions of and receive answers from representatives of Buyer and Buyer Parent concerning the investment in the Buyer Shares.
Seller acknowledges that it has conducted its own (and relied solely on its own) independent due diligence investigation with respect to Buyer, Buyer Parent, the Buyer Shares constituting the Share Consideration (and the valuation thereof), and any
other matter which Seller believes to be material to its decision to invest in Buyer Parent, and Seller has been given access to and the opportunity to examine data and information relating to Buyer and Buyer Parent. Seller is not relying upon any
oral or written representations or assurances from Buyer, Buyer Parent or any other Person or any representative of Buyer or Buyer Parent or any other Person other than those that are set forth in or described and referred to in this Agreement.
Seller has such knowledge and experience in financial and business matters that Seller is capable of evaluating the merits and risks of an investment in the Buyer Shares constituting the Share Consideration, evaluating the value ascribed to the
Buyer Shares constituting the Share Consideration and is able, without impairing Seller’s financial condition, to hold such securities for an indefinite period of time and to bear the economic risks, and withstand a complete loss, of such
investment. 

  
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 (c) Seller acknowledges that an investment in Buyer Parent is speculative and involves a
high degree of risk, and that Buyer Parent’s future prospects are uncertain. 
 (d) SELLER ACKNOWLEDGES AND AGREES THAT NEITHER BUYER
NOR ANY PERSON ACTING ON SUCH PERSON’S BEHALF HAS MADE ANY REPRESENTATION REGARDING BUYER’S PROJECTIONS, AND SELLER UNDERSTANDS AND ACKNOWLEDGES THAT BUYER EXPRESSLY DISCLAIM ANY SUCH REPRESENTATIONS. 

(e) Seller understands and acknowledges that the Buyer Shares issued pursuant to this Agreement have not been, or will not be, registered under
the Securities Act, or under any state securities laws, and no registration statement or prospectus in respect thereof will be prepared or filed under the Securities Act or applicable securities laws, and that the Buyer Shares are being offered and
sold in reliance upon federal and state exemptions for transactions not involving any public offering, thus the Buyer Shares are “restricted securities,” as such term is defined in Rule 144 under the Securities Act, and will be subject to
restrictions on resale under such laws and as set forth in the restrictive legends set forth below. As a condition of receiving Buyer Shares at Closing, Seller shall be required to deliver a statement as to its status as an “accredited
investor,” as defined in Rule 501(a) of Regulation D promulgated under the Securities Act, together with any supporting information as reasonably requested by Buyer and Buyer Parent that upon the original issuance of the Buyer Shares, and until
such time as the same is no longer required under the applicable requirements of the Securities Act or applicable securities laws, the certificates representing the Buyer Shares, and all securities issued in exchange therefor or in substitution
thereof, will bear legends in substantially the following form: 
 “THESE SHARES HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT
OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND ARE “RESTRICTED SECURITIES” AS THAT TERM IS DEFINED IN RULE 144 UNDER THE SECURITIES ACT. SUCH SHARES MAY NOT BE OFFERED FOR SALE, SOLD, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION THEREUNDER, THE AVAILABILITY OF WHICH IS TO BE ESTABLISHED TO THE REASONABLE SATISFACTION OF
COUNSEL TO THE ISSUER.” 
 Seller covenants that the Buyer Shares will only be disposed of pursuant to an effective registration statement under, and
in compliance with the requirements of, the Securities Act or pursuant to an available exemption from the registration requirements of the Securities Act, and in compliance with any applicable state securities laws. In connection with any transfer
of Buyer Shares other than pursuant to an effective Registration Statement or to Buyer or Buyer Parent, Buyer Parent may require the transferor to provide to Buyer Parent an opinion of counsel selected by Seller, the form and substance of which
opinion shall be reasonably satisfactory to Buyer Parent, to the effect that such transfer does not require registration under the Securities Act. 

(f) Seller consents to Buyer Parent making a notation on its respective records or giving instructions to any transfer agent of the Buyer
Shares in order to implement the restrictions on transfer set forth and described herein. 
 (g) Seller is not acquiring the Buyer Shares as
a result of any advertisement, article, notice or other communication regarding such shares published in any newspaper, magazine or similar media, broadcast over television or radio, disseminated over the Internet or presented at any seminar or, to
Seller’s knowledge, any other general solicitation or general advertisement. 

  
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 (h) Seller’s offices in which its investment decision with respect to the Buyer Shares
was made are located within the city and state of the Seller’s address for notices hereunder set forth in Section 9.02. 

(i) Seller is acquiring the Buyer Shares in the ordinary course of business for its own account and not with a view towards, or for resale in
connection with, the public sale or distribution thereof, except pursuant to sales registered under the Securities Act or under an exemption from such registration and in compliance with applicable federal and state securities laws, and Seller does
not have a present arrangement to effect any distribution of the Buyer Shares to or through any person or entity; provided, however, that by making the representations herein, Seller does not agree to hold any of the Buyer Shares for any minimum or
other specific term and reserves the right to dispose of such shares at any time in accordance with or pursuant to a registration statement or an exemption from registration under the Securities Act. 

(j) Seller hereunder understands that the Buyer Shares are being issued pursuant to an exemption from the prospectus requirements of the
securities laws in Canada. Seller acknowledges that Buyer Parent and Buyer will rely on Seller’s representations, warranties and certifications set forth below for purposes of confirming the availability of any exemption from such prospectus
requirements. Seller has not received a document purporting to describe the business and affairs of Buyer or Buyer Parent that has been prepared primarily for delivery to and review by prospective investors so as to assist those investors to make an
investment decision in respect of Buyer Parent under the terms of this Agreement. Seller acknowledges that it is eligible to acquire the Buyer Shares pursuant to the exemption from the prospectus requirements of Canadian securities laws found in s.
2.3 of Ontario Securities Commission Rule 72-503 – Distributions Outside Canada and Seller represents and warrants to Buyer Parent and Buyer that Seller is not a resident of a jurisdiction of Canada on
the date hereof and will not be a resident of a jurisdiction of Canada on the date on which the Buyer Shares are issued and delivered to Seller in accordance with the terms of this Agreement. Seller understands the risks involved in an investment in
the Buyer Shares pursuant to the transactions contemplated by this Agreement. Seller further represents that Seller has had an opportunity to ask questions and receive answers from Buyer Parent regarding the Buyer Shares and the business,
properties, prospects, and financial condition of Buyer Parent and Buyer, and to obtain such additional information (to the extent Buyer Parent or Buyer possessed such information or could acquire it without unreasonable effort or expense) necessary
to assist Seller in verifying the accuracy of any information furnished to Seller or to which Seller had access. 
 (k) Seller acknowledges
that (i) it has been provided with the opportunity to consult its own legal advisors with respect to the Buyer Shares issuable to Seller pursuant to this Agreement and with respect to the existence of resale restrictions imposed by applicable
securities laws; (ii) no representation has been made respecting the applicable holding periods imposed by the securities laws or other resale restrictions applicable to the Buyer Shares which restrict the ability of Seller to resell such
securities; (iii) Seller is solely responsible to find out what these restrictions are; (iv) Seller is solely responsible (and Buyer Parent is not in any way responsible) for compliance with applicable resale restrictions; and
(v) Seller is aware that Seller may not be able to resell the Buyer Shares, except in accordance with limited exemptions under the securities laws. Seller will execute and deliver within the applicable time periods all documentation as may be
required by applicable Canadian securities laws to permit the issuance of the Buyer Shares on the terms set forth herein and, if required by applicable securities laws, will execute, deliver and file or assist Buyer and Buyer Parent in obtaining and
filing such reports, undertakings and other documents relating to the purchase of the Buyer Shares as may be required by any 

  
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 applicable securities laws, securities regulator, stock exchange or other regulatory authority, which
includes, without limitation, determining the eligibility of Seller to acquire the Buyer Shares under applicable securities laws, preparing and registering certificates (if any) representing the Buyer Shares and completing regulatory filings
required by the applicable securities commissions. Accordingly, Seller consents to the collection, use and disclosure of certain personal information for the purposes of meeting legal, regulatory, self-regulatory, security and audit requirements
(including any applicable tax, securities, money laundering or anti-terrorism legislation, rules or regulations) and as otherwise permitted or required by law, which disclosures may include disclosures to tax, securities or other regulatory or
self-regulatory authorities in Canada and/or in foreign jurisdictions, if applicable, in connection with the regulatory oversight mandate of such authorities. 

Section 3.12 Full Disclosure. Neither this Agreement nor any written statement, report or other document
furnished or to be furnished by Seller pursuant to this Agreement or in connection with the transactions contemplated hereby contains, or will contain, any untrue statement of a material fact or omits, or will omit, to state a material fact
necessary to make the statements contained herein or therein not misleading. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF BUYER 

Buyer represents and warrants to Seller that the statements contained in this Article IV are true and correct as of the Agreement Date
and as of the Closing Date. For purposes of this Article IV, “Buyer’s knowledge,” “knowledge of Buyer” and any similar phrases shall mean the actual knowledge of any officer of Buyer, after due inquiry. 

Section 4.01 Organization and Authority of Buyer; Enforceability. Buyer is a duly organized and validly
existing corporation in good standing under the laws of The Commonwealth of Massachusetts. Buyer has full corporate power and authority to enter into this Agreement and the documents required hereunder to be executed and delivered by Buyer (this
Agreement, together with such documents, collectively, the “Buyer Documents”), to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution, delivery and
performance by Buyer of the Buyer Documents and the consummation of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action on the part of Buyer. The Buyer Documents have been duly executed and
delivered by Buyer, and (assuming due authorization, execution and delivery by the counterparties thereto) the Buyer Documents constitute legal, valid and binding obligations of Buyer enforceable against Buyer in accordance with their respective
terms. 
 Section 4.02 No Conflicts; Consents. The execution, delivery and performance by Buyer of the
Buyer Documents, and the consummation of the transactions contemplated hereby and thereby, do not and will not: (a) violate or conflict with the organizational documents of Buyer; or (b) violate or conflict with any judgment, order,
decree, statute, law, ordinance, rule or regulation applicable to Buyer. No consent, approval, waiver or authorization is required to be obtained by Buyer from any Person or entity (including any governmental authority) in connection with the
execution, delivery and performance by Buyer of the Buyer Documents and the consummation of the transactions contemplated hereby and thereby. 

Section 4.03 Legal Proceedings. There is no Action of any nature pending or, to Buyer’s knowledge,
threatened against or by Buyer that challenges or seeks to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such
Action. 

  
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 Section 4.04 Buyer Shares; Capitalization. The authorized capital
of Buyer Parent is disclosed in Buyer Parent’s public disclosure documents, as filed on the SEDAR website at www.sedar.com, by Buyer Parent pursuant to Canadian securities laws or on the U.S. Securities and Exchange EDGAR website
pursuant to the United States securities laws since September 21, 2018 (the “Public Disclosure Documents”). All of the Buyer Shares issued and outstanding have been duly authorized, are validly issued and
outstanding and are fully paid and nonassessable. All securities of Buyer Parent have been issued in accordance with the provisions of all applicable Canadian securities laws or other applicable laws. 

Section 4.05 Public Filings. Buyer Parent has timely filed all of the Public Disclosure Documents required to
be filed by it under the Canadian securities laws and will at the Closing have filed all of the Public Disclosure Documents required to be filed by it under the Canadian securities laws and under United States securities laws in connection with the
transactions contemplated by this Agreement. The Public Disclosure Documents do not and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which and at the time they were made, not misleading. All of the Public Disclosure Documents, as of their respective dates (and as of the dates of any amendments thereto), complied as to both form and
content in all material respects with the requirements of Canadian securities laws and United States securities laws. There is no material fact concerning Buyer required to be disclosed under Canadian securities laws which has not been disclosed in
the Public Disclosure Documents filed on or before the date hereof. 
 Section 4.06 Brokers. No broker, finder or
investment banker is entitled to any brokerage, finder’s or other fee or commission in connection with the transactions contemplated by this Agreement based upon arrangements made by or on behalf of Buyer. 

ARTICLE V 

COVENANTS 

Section 5.01 Covenants of Seller. 

(a) Conduct of Seller’s Business. From the Agreement Date until the Closing or the termination of this Agreement in
accordance with its terms, except as disclosed in Section 5.01(a) of the Disclosure Schedule, or as required by applicable law or by the terms of this Agreement (including in order to satisfy any condition set forth in
Section 6.01), with respect to the Purchased Assets, Seller shall (i) take all steps necessary to maintain, preserve, defend, protect, and when necessary, renew, the Application, the License when issued, and any other
permits, approvals, licenses, or consents required to operate the License held by Seller, (ii) pay any debts, Taxes and other obligations when due, (iii) comply in all material respects with all applicable federal, state and local laws and
regulations applicable to the Purchased Assets (with the exception of federal laws criminalizing the sale, distribution, and possession of cannabis), and (iv) undertake commercially reasonable efforts to maintain relationships of Seller with
third parties. Without limiting the generality of the foregoing, from the Agreement Date until the Closing, except as required by applicable law or by the terms of this Agreement (including in order to satisfy any condition set forth in
Section 6.01), or with the prior written consent of Buyer, Seller will not: 
 (i) adopt a plan or agreement of
complete or partial liquidation or dissolution; 
 (ii) effect, whether by merger, stock sale, asset sale or other transaction, any
transaction or series of transactions resulting in a change of control of Seller or the sale of all or substantially 
 all assets of Seller that could
reasonably be expected to prevent or materially impair or materially delay the ability of Buyer Parent to prepare and file a Registration Statement pursuant to Section 5.06; 

  
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 (iii) sell, lease, license or otherwise dispose of any business or assets (whether by
merger, sale of stock, sale of assets or otherwise) related to the Purchased Assets, except pursuant to existing contracts or commitments; 

(iv) enter into or terminate any material contract related to the Purchased Assets, except as required by applicable law; 

(v) create or otherwise incur any new Encumbrance on any Purchased Asset not otherwise set forth on Section 3.03 of
the Disclosure Schedule; 
 (vi) make or incur any capital expenditure, commitment for capital expenditures, or obligations or liabilities
therefor related to the Purchased Assets; 
 (vii) make any loans, advances, or capital contributions to, or investments in, any other Person
related to the Purchased Assets; 
 (viii) incur, assume or guarantee any new indebtedness related to the Purchased Assets 

(ix) cancel, settle or waive any claims, rights or remedies of Seller related to the Purchased Assets, except under any Seller Document; or

 (x) agree or commit to do any of the foregoing. 

(b) Access to Information. From the Agreement Date until the Closing, following reasonable notice and to the extent related to
the Purchased Assets, Seller will (i) give Buyer, its counsel, financial advisors, auditors and other authorized representatives full access to the offices, properties, books and records of Seller, (ii) furnish to Buyer, and its counsel,
financial advisors, auditors and other authorized representatives, such financial, Tax and operating data and other information relating to Seller as such persons may reasonably request and (iii) instruct relevant employees, consultants,
counsel, financial advisors and auditors of Seller to cooperate with Buyer as it may reasonably request; provided, however, that any such access or furnishing of information shall be conducted during normal business hours and in such a manner as not
unreasonably to interfere with the normal operations of Seller. Notwithstanding anything to the contrary set forth in this Agreement, Seller shall not be required to disclose to Buyer or its counsel, financial advisors, auditors and other authorized
representatives any information that does not relate to the Purchased Assets or if doing so would violate any contract or applicable law to which Seller is a party or is subject or which would result in the loss of any attorney-client privilege
applicable to such information. 
 (c) Exclusivity. From the Agreement Date until the earlier of the Closing and any termination
of this Agreement, Seller will not (and Seller will cause its board of directors, officers and advisors not to) directly or indirectly: (i) solicit, initiate, or encourage the submission of any proposal or offer from any third party (other
than Buyer and its designees) relating to the acquisition of the Purchased Assets or (ii) participate in any discussions or negotiations regarding, furnish any information with respect to, assist or participate in, or facilitate in any other
manner any effort or attempt by any third party (other than Buyer and its designees) to do or seek any of the foregoing, including the taking of any action relating thereto (or in response to any unsolicited offer or proposal in respect thereof)
without the prior written consent of 

  
 13 

 
Buyer (which consent may be granted, withheld or conditioned in the sole discretion of Buyer) that could reasonably be expected to prevent, impair, delay or otherwise adversely affect the ability
of Seller or Buyer to consummate the transactions contemplated by this Agreement in accordance with the terms hereof. 

Section 5.02 Covenants of the Parties. 

(a) Public Announcements. Except as otherwise required by law, any press release or other public disclosure of this Agreement or
the transactions contemplated hereby will be developed by Buyer, subject to review by Seller. Unless otherwise required by applicable law or with the prior written consent of Buyer, Seller shall not make any public announcements regarding this
Agreement or the transactions contemplated hereby. 
 (c) Bulk Sales Laws. The parties hereby waive compliance with the provisions of
any bulk sales, bulk transfer or similar laws of any jurisdiction that may otherwise be applicable with respect to the sale of any or all of the Purchased Assets to Buyer; it being understood that any liabilities arising under any bulk sales,
bulk transfer or similar laws of any jurisdiction shall be treated as Excluded Liabilities. For avoidance of doubt, this waiver does not apply with respect to any laws or requirements relating to Taxes. 

(c) Transfer Taxes. All transfer, documentary, sales, use, stamp, registration, value added and other such Taxes and fees
(including any penalties and interest) incurred, imposed or assessed in connection with the transactions contemplated by this Agreement and the documents to be delivered hereunder (“Transfer Taxes”) shall be borne and paid by Seller
when due. Seller shall timely pay any Transfer Taxes and, at its own expense, timely file any Tax Return or other document with respect to such Taxes or fees (and Buyer and Seller shall cooperate with respect thereto as necessary). 

(d) Filings; Consents. 

(i) Buyer and Seller will: (i) promptly make and effect all registrations, filings and submissions required to be made or effected by them
under applicable laws with respect to this Agreement and the transactions contemplated under this Agreement; and (ii) use commercially reasonable efforts to cause to be taken on a timely basis, all other actions necessary or appropriate for the
purpose of consummating and effectuating the transactions contemplated by this Agreement, including the obtaining of all necessary consents, approvals or waivers from third parties. Each party will reasonably cooperate in efforts to obtain such
consents, waivers and approvals. 
 (ii) Promptly following the execution of this Agreement, Buyer and Seller shall cooperate, pursuant to
and in accordance with Buyer’s lawful instructions, to: 
 (A) instruct the CCC to reopen Seller’s marijuana retailer license
application (the “Application”) pending before the CCC to amend the Application to make all disclosures necessary to reflect the transactions contemplated by this Agreement, including, but not limited to, listing Buyer as the sole
“owner” and Buyer’s representative as the sole “persons with direct or indirect control” as those terms are defined by 935 CMR 500; 

(B) provide all information requested by or required to be submitted to the CCC or other governmental authority in connection with the
amendment of the Application, this Agreement or any of the other transactions contemplated by this Agreement; 

  
 14 

 (C) take, and cause its Affiliates to take, all other actions and steps necessary to obtain
any clearance or approval required to be obtained from the CCC or other governmental authority in connection with the transactions contemplated by this Agreement; 

(D) request from the City of Framingham all required consents for the assignment of the HCA and any other permits, approvals, licenses, or
consents required to operate the License; 
 (E) provide all information requested by or required to be submitted to the City of Framingham
in connection with the assignment of the HCA, this Agreement or any of the other transactions contemplated by this Agreement; 
 (F) take,
and cause its Affiliates to take, all other actions and steps necessary to obtain any clearance or approval required to be obtained from the City of Framingham in connection with the transactions contemplated by this Agreement; 

(G) negotiate the Lease; 
 (H)
cause all drafts of the Lease to be reviewed and approved by Buyer prior 
 to Seller’s execution; and 

(I) incorporate all revisions requested by Buyer into drafts of the Lease, at Buyer’s expense, for transmittal to the owner of the
Premises. The Lease shall contain a provision for assignment to Buyer, which assignment shall be delivered to Buyer prior to Closing on forms acceptable to Buyer. Seller shall not execute the Lease or any other agreement related to the Premises
without the written consent of Buyer. 
 (iii) Buyer and Seller shall: (A) give the other party prompt notice of the commencement or
threat of any investigation, action or legal proceeding by or before any governmental authority with respect to this Agreement or any of the other transactions contemplated by this Agreement, (B) keep the other party informed as to the status of any
such investigation, action or legal proceeding, and (C) promptly inform the other party of any communication to or from any governmental authority regarding this Agreement or any of the other transactions contemplated by this Agreement. 

(e) Further Assurances. Following the Closing, each of the parties hereto shall execute and deliver such additional documents,
instruments, conveyances and assurances and take such further actions as may be reasonably required to carry out the provisions hereof and give effect to the transactions contemplated by this Agreement and the documents to be delivered hereunder.

 Section 5.03 Employees. Buyer shall have no obligation hereunder to employ any of Seller’s
employees. Buyer shall not be responsible for any compensation, including vacation pay, payable by Seller to any current or past employee of Seller, in connection with the services provided by any such employee to Seller. 

Section 5.04 Non-Competition;
Non-Solicitation. 
 (a) The Restricted Beneficial Owner hereby agrees that, during the
Restricted Period, he shall not, and shall not permit any of his respective Affiliates, to: 
 (i) engage directly or indirectly in
Competition in any Restricted Territory; provided, however, that the Restricted Beneficial Owner may, without violating this Section 5.04(a)(i), be employed by a Person that engages in
Competition in a Restricted Territory so long as the Restricted Beneficial Owner’s employment, duties and responsibilities are not substantially similar to or directly relate to the Business; or 

  
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 (ii) become an officer, director, stockholder, sole proprietor, owner, partner, member, or
investor in, or otherwise acquire or hold (of record, beneficially or otherwise) any direct or indirect interest in, any Person that engages directly or indirectly in Competition in any Restricted Territory; provided, however, that the
Restricted Beneficial Owner may, without violating this Section 5.04(a)(ii), own, as a passive investment, shares of capital stock of a publicly-held corporation that engages in Competition if (i) such
shares are actively traded on an established national securities market in the United States or in a foreign jurisdiction, (ii) the number of shares of such corporation’s capital stock that are owned beneficially (directly or indirectly)
by the Restricted Beneficial Owner and the number of shares of such corporation’s capital stock that are owned beneficially (directly or indirectly) by the Restricted Beneficial Owner’s Affiliates collectively represent less than one
percent (1%) of the total number of shares of such corporation’s capital stock outstanding, and (iii) neither the Restricted Beneficial Owner nor any Affiliate of the Restricted Beneficial Owner is otherwise associated directly or
indirectly with such corporation or with any Affiliate of such corporation. 
 (b) During the Restricted Period, Seller and the Restricted
Beneficial Owner shall not, and shall not permit any of its or his respective Affiliates to: (i) solicit, induce or attempt to induce any Person who, within the 365-day period ending on the Closing Date,
was a customer, supplier, licensee, consultant or other business associate of Seller (A) to cease doing business with Buyer, or (B) to diminish or materially alter, in a manner harmful to any relationship with Buyer; or (ii) assist
any other Person to engage in the activities prohibited by clause (i) of this sentence. 
 (c) Seller and the Restricted Beneficial
Owner agrees that, during the Restricted Period, Seller and the Restricted Beneficial Owner shall not, and shall not permit any of its or his respective Affiliates to: (i) solicit, induce or attempt to induce any employee (A) to leave his or
her employment with Buyer, or (B) to diminish or materially alter, in a manner harmful to Buyer, said employee’s relationship with Buyer; or (ii) assist any other Person to engage in the activities prohibited by clause (i) of this
sentence. 
 (d) Following the Closing Date and until the date that Seller is liquidated and dissolved, except in relation to its rights and
obligations under this Agreement and its administration of any Excluded Assets and of any liabilities and obligations other than Assumed Liabilities, Seller shall not, directly or indirectly, participate, as owner, stockholder, member, manager,
agent, representative, employee, consultant, contractor or otherwise, in any business, firm or corporation in the Restricted Territory which operates any business, or markets, sells, licenses or otherwise provides any products or services, similar
to or directly competitive with, the Business. 
 (e) For the purposes of this Section 5.04, the covenants
contained in this Section 5.04 shall be construed as if each covenant is divided into separate and distinct covenants with respect to each capacity in which Seller and the Restricted Beneficial Owner is prohibited from
competing and each part of the Restricted Territory. Each such covenant shall constitute separate and several covenants distinct from all other such covenants. In addition, in the event any covenant or other provision contained herein shall be
deemed to be illegal, unenforceable or unreasonable by a court or other tribunal of competent jurisdiction with respect to any part of the Restricted Territory, such covenant or provision shall not be affected with respect to any and all other parts
of the Restricted Territory, and each of the parties to this Agreement agrees and submits to the reduction of said territorial restriction to such an area as said court shall deem reasonable. Similarly, in the event any covenant or other provision
contained herein shall be deemed to be illegal, unenforceable or unreasonable by a court or other tribunal of competent jurisdiction with respect to the Restricted Period, each of the parties hereto agrees and submits to the shortest reduction of
the Restricted Period to such a time period as said court shall deem reasonable. 

  
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 (f) Each party to this Agreement acknowledges that: (i) Seller and the Restricted
Beneficial Owner is deriving substantial economic benefit from the sale of the Purchased Assets; (ii) the covenants and the restrictions contained in this Agreement are necessary, fundamental and required for the protection of Buyer’s
interest in the Purchased Assets; (iii) such covenants relate to matters which are of a special, unique and extraordinary character that gives each of such covenants a special, unique and extraordinary value; (iv) the Restricted Beneficial
Owner is entering into this Agreement solely in connection with the sale of the Purchased Assets and not in connection with any contemplated employment with Buyer or its Affiliates; and (v) a breach of any of such covenants or any other
provision of this Agreement will result in irreparable harm and damage to Buyer that cannot be adequately compensated solely by a monetary award. Accordingly, it is expressly agreed that, in addition to all other remedies available at law or in
equity (including, without limitation, money damages from the Restricted Beneficial Owner), Buyer shall be entitled to seek the remedy of a temporary restraining order, preliminary injunction or such other form of injunctive or equitable relief as
may be used by any court of competent jurisdiction to restrain or enjoin Seller and the Restricted Beneficial Owner from breaching any such covenant or provision or to specifically enforce the provisions hereof. 

(g) From and at all times following the Closing, Seller and the Restricted Beneficial Owner shall, and shall cause their respective Affiliates
and representatives to: (i) hold in confidence any and all Confidential Information (as defined below) whether written or oral, (ii) not disclose any Confidential Information to any Person whatsoever, other than to Buyer or any of its
Affiliates or their respective representatives, or (iii) sell or use any Confidential Information in any manner whatsoever for the direct or indirect benefit of any Person other than Buyer or its Affiliates. If any Person restricted by this
Section 5.04(g) is compelled to disclose any Confidential Information by judicial or administrative process or by other requirements of applicable law, Seller shall promptly notify Buyer in writing, and shall cause the
applicable party to disclose only that portion of such information which it is advised by its counsel in writing is legally required to be disclosed, provided that Seller or the Restricted Beneficial Owner, as applicable, shall use best efforts to
obtain an appropriate protective order or other reasonable assurance that confidential treatment will be accorded such information. 
 (h)
For purposes of this Agreement: 
 (i) “Affiliate” means, with respect to any specified Person, any other Person that,
directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with such specified Person. 

(ii) “Confidential Information” means the confidential business information of each of Seller, the Business or Buyer or its
business, whether or not marked as such, including any business plans, technology, plans, blueprints, drawings, models, designs, templates, processes, formulae, computer programs, customer lists, supplier lists, pricing data, financial data, trade
secrets, operations manuals, standard operating procedures, or other information identified or otherwise treated as confidential business information, including the terms and existence of this Agreement and the related transaction documents and the
consummation of the transactions contemplated by this Agreement and the related transaction documents. 

  
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 (iii) A Person shall be deemed to be engaged in “Competition” if such
Person or any of such Person’s Affiliates is engaged directly or indirectly in a business that is substantially similar to the Business, including, but not limited to, designing, developing, distributing, marketing or selling products or
services that are substantially the same as, are functionally similar to or compete with any of the products or services within the Business. 

(iv) “Person” means any individual, sole proprietorship, partnership, joint venture, trust, unincorporated association,
corporation, limited liability company, other entity or governmental entity (whether foreign, federal, state, county, city or otherwise and including any instrumentality, division, agency or department thereof). 

(v) “Restricted Beneficial Owner” means the CEO. 

(vi) “Restricted Period” means, with respect to the Restricted Beneficial Owner, the period commencing on the Closing Date and
ending on the fifth anniversary of the Closing Date. 
 (vii) “Restricted Territory” means within a 35-mile radius around Framingham, MA. 
 Section 5.05 Tax Matters. 

(a) Seller shall pay (or cause to be paid), promptly and when due, any and all Taxes that shall become due or shall have accrued on account of
the operation and conduct of the Business or the ownership and operation of the Purchased Assets before the Closing, Taxes arising from income or gains realized by Seller resulting from any of the transactions contemplated by this Agreement and any
Transfer Taxes. 
 (b) In the case of Straddle Period Taxes, the portion of any such Tax that is allocable to the Pre-Closing Tax Period shall be deemed equal to the amount of such Straddle Period Taxes for the entire Straddle Period multiplied by a fraction the numerator of which is the number of calendar days in the Straddle
Period ending on, and including, the Closing Date and the denominator of which is the number of calendar days in the entire Straddle Period (any remaining Straddle Period Taxes for such Straddle Period shall be allocable to the period beginning
after the Closing Date). Seller shall be responsible for and shall pay all Straddle Period Taxes attributable to the Pre-Closing Tax Period and Seller shall promptly reimburse Buyer for any such Straddle
Period Taxes paid by Buyer. 
 (c) Buyer and Seller shall reasonably cooperate, and shall cause their respective Affiliates, officers,
employees, agents, auditors and other representatives to reasonably cooperate, in preparing and filing all Tax Returns and in resolving all disputes and audits with respect to all taxable periods relating to Taxes for taxable periods ending on or
before the Closing Date or Straddle Periods, including by retaining, maintaining and making available to each other all records to the extent reasonably necessary in connection with Taxes and making employees reasonably available on a mutually
convenient basis to provide additional information or explanation or to testify at proceedings relating to Taxes. 
 (d) After the Closing,
Buyer and Seller shall promptly notify the other party in writing upon receipt of any written notice of any pending or threatened audit or assessment, suit, proposed adjustment, deficiency, dispute, administrative or judicial proceeding or similar
claim relating to Taxes with respect to Losses for which Seller could be liable pursuant to this Agreement (each, a “Tax Claim”); provided, however, that Buyer’s delay or failure to so notify Seller shall only
relieve Seller of its obligations to the extent, if at all, that they are materially prejudiced by reason of such delay or failure. 

  
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 (e) Buyer will control, without affecting its or any other Indemnified Party’s rights
to indemnification under this Agreement, the defense of all Tax Claims; provided, however, that Seller and 
 its counsel (at their sole expense) may
participate in (but not control the conduct of) the defense of any such Tax Claim. 
 (f) Seller shall notify all of the Tax authorities
and/or request Tax clearance certificates, in the jurisdictions that impose Taxes on Seller or where Seller has a duty to file Tax Returns with respect to the transactions contemplated by this Agreement in the form and manner required or permitted
by such Tax authorities, if the failure to make such notifications or receive any available Tax clearance certificate (a “Tax Clearance Certificate”) could reasonably be expected to subject Buyer to any Taxes of Seller. If any
governmental authority asserts that Seller is liable for any such Tax, Seller shall promptly pay any and all such amounts and shall provide evidence to Buyer that such liabilities have been paid in full or otherwise satisfied. 

(g) If there is any inconsistency between a provision of this Section 5.04(h)(vii) and a provision of the remainder
of this Agreement with respect to Tax matters, the provisions of this Section 5.04(h)(vii) shall prevail. 
 (h) For
purposes of this Agreement: 
 (i) “Code” means the Internal Revenue Code of 1986, as amended. 

(ii) “Pre-Closing Tax Period” means the portion of any Straddle Period ending on, and
including, the Closing Date. 
 (iii) “Straddle Period” means any taxable period that begins on or prior to the Closing Date
and ends after the Closing Date. 
 (iv) “Straddle Period Taxes” means any real property, personal property and similar
Taxes levied with respect to the Purchased Assets or the Business attributable to a Straddle Period. 
 (v) “Tax” or
“Taxes” means any U.S. federal, state, local, or non-U.S. income, gross receipts, profits, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits,
environmental (including taxes under Section 59A of the Code), customs duties, capital stock, franchise, escheat, withholding, social security (or similar), unemployment, disability, real property, personal property, sales, use, transfer,
registration, value added, alternative or add-on minimum, estimated, or other tax, charge, fee, levy or other assessment of any kind whatsoever, including any interest, penalty, or addition thereto, whether
disputed or not, and including any obligation to indemnify or otherwise assume or succeed to the Tax liability of any other Person. 
 (vi)
“Tax Return” means (a) any return, declaration, report, claim for refund, form and information return or statement and any schedule, attachment, or amendment thereto, including without limitation any consolidated, combined or
unitary return or other document, filed or required to be filed with any governmental authority in connection with the determination, assessment, collection, imposition, payment, refund or credit of any Tax or the administration of the Laws relating
to any Tax and (b) TD F 90-22.1 (and its successor form, FinCEN Form 114). 

  
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 Section 5.06 Registration Rights. 

(a) Registration Statement. 

(i) As promptly as possible after the Closing, Buyer Parent shall prepare and file with the SEC a Registration Statement covering the resale
of all Registrable Shares issued at Closing. 
 (ii) Buyer Parent shall use its commercially reasonable efforts to cause the Registration
Statement to be declared effective by the SEC as promptly as possible after the filing thereof and shall use its commercially reasonable efforts to keep the Registration Statement continuously effective under the Securities Act until the earlier of
(i) such time as all Registrable Shares covered by such Registration Statement have been sold or (ii) the date that all Registrable Shares covered by such Registration Statement may be sold by
non-affiliates without volume or manner-of-sale restrictions pursuant to Rule 144 without the requirement for Buyer Parent to be
in compliance with the current public information requirement of Rule 144 as determined by counsel to Buyer Parent pursuant to a written opinion letter to such effect, addressed, delivered and acceptable to Buyer Parent’s transfer agent (the
“Effectiveness Period”). 
 (iii) Buyer Parent shall notify Seller in writing promptly (and in any event within one Trading
Day) after receiving notification from the SEC that the Registration Statement has been declared effective. 
 (iv) Notwithstanding anything
in this Agreement to the contrary, Buyer Parent may, by prompt written notice to Seller, suspend sales under a Registration Statement after the Effective Date thereof and/or require that Seller immediately cease the sale of Registrable Shares
pursuant thereto and/or defer the filing of any subsequent Registration Statement if Buyer Parent’s Board of Directors determines in good faith, that (A) it would be materially detrimental to Buyer Parent to maintain a Registration
Statement at such time or (B) it is in the best interests of Buyer Parent to suspend sales under such registration at such time. Upon receipt of such notice, Seller shall immediately discontinue any sales of Registrable Shares pursuant to such
registration until Seller is advised in writing by Buyer Parent that the current Prospectus or amended Prospectus, as applicable, may be used. In no event, however, shall this right be exercised to suspend sales beyond the period during which (in
the good faith determination of Buyer Parent’s Board of Directors) the failure to require such suspension would be materially detrimental to Buyer Parent. Immediately after the end of any suspension period under this
Section 5.06(d), Buyer Parent shall take all necessary actions (including filing any required supplemental prospectus) to restore the effectiveness of the applicable Registration Statement and the ability of Seller
to publicly resell its Registrable Shares pursuant to such effective Registration Statement. 
 (v) If at any time the SEC takes the
position that the offering of some or all of the Registrable Shares in a Registration Statement is not eligible to be made on a delayed or continuous basis under the provisions of Rule 415 under the Securities Act or requires Seller to be named as
an “underwriter,” Buyer Parent shall use its commercially reasonable efforts to persuade the SEC that the offering contemplated by the Registration Statement is a valid secondary offering and not an offering “by or on behalf of the
issuer” as defined in Rule 415 and that Seller is not an “underwriter.” In the event that the SEC refuses to alter its position, Buyer Parent shall (i) remove from the Registration Statement such portion of the Registrable Shares
(the “Cut Back Shares”) and/or (ii) agree to such restrictions and limitations on the registration and resale of the Registrable Shares as the SEC may require to assure Buyer Parent’s compliance with the requirements of
Rule 415 (collectively, the “SEC Restrictions”); provided, however, that Buyer Parent shall not agree to name Seller as an “underwriter” in such Registration Statement without the prior written consent of Seller. From and
after the date Buyer Parent is able to effect the registration of such Cut Back Shares in accordance with any SEC Restrictions applicable to such Cut 

  
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 Back Shares, all of the provisions of this Section 5.06 (including Buyer
Parent’s obligations with respect to the filing of a Registration Statement and its obligations to use commercially reasonable efforts to have such Registration Statement declared effective within the time periods set forth herein) shall again
be applicable to such Cut Back Shares. 
 (b) Registration Procedures. In connection with Buyer Parent’s registration
obligations hereunder, Buyer Parent shall: 
 (i) (1) Subject to Section 5.06(a)(iv), prepare and file with
the SEC such amendments, including post-effective amendments, to each Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Registration Statement continuously effective, as to the applicable
Registrable Shares for the Effectiveness Period and prepare and file with the SEC such additional Registration Statements in order to register for resale under the Securities Act all of the Registrable Shares; (2) cause the related Prospectus
to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424; (3) respond as promptly as reasonably possible to any comments received from the SEC with respect to each
Registration Statement or any amendment thereto; and (4) comply in all material respects with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable Shares covered by a Registration
Statement during the applicable period in accordance with the intended methods of disposition by Seller thereof set forth in such Registration Statement as so amended or in such Prospectus as so supplemented. 

(ii) Use its commercially reasonable efforts to avoid the issuance of or, if issued, obtain the withdrawal of (1) any order suspending
the effectiveness of any Registration Statement, or (2) any suspension of the qualification (or exemption from qualification) of any of the Registrable Shares for sale in any jurisdiction, as soon as possible. 

(c) Registration Expenses. Buyer Parent shall pay all fees and expenses incident to the performance of or compliance with
Section 5.06 of this Agreement by Buyer Parent, including without limitation (i) all registration and filing fees and expenses, including without limitation those related to filings with the SEC, any Trading Market and
in connection with applicable state securities or Blue Sky laws, (ii) printing expenses, (iii) messenger, telephone and delivery expenses, (iv) fees and disbursements of counsel for Buyer Parent, (v) fees and expenses of all
other Persons retained by Buyer Parent in connection with the consummation of the transactions contemplated by this Section 5.06, (vi) all fees and expenses of Buyer Parent’s transfer agent and (vii) all listing
fees to be paid by Buyer Parent to the Trading Market. 
 (d) Information; Dispositions. 

(i) Seller shall provide Buyer Parent with any information reasonably required from Seller in connection with any Registration Statement
hereunder. Seller shall furnish to Buyer Parent such information regarding itself, the Registrable Shares held by it and the intended method of disposition of the Registrable Shares held by it as shall be reasonably required to effect the
registration of such Registrable Shares and shall execute such documents in connection with such registration as Buyer Parent may reasonably request. Seller agrees to cooperate with Buyer Parent as reasonably requested by Buyer Parent in connection
with the preparation and filing of any Registration Statement hereunder. 

  
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 (ii) Seller agrees that it will comply with the prospectus delivery requirements of the
Securities Act (or any exemptions thereto) as applicable to it in connection with sales of Registrable Shares pursuant to the applicable Registration Statement and shall sell its Registrable Shares in accordance with the Plan of Distribution set
forth in the applicable Prospectus. Seller further agrees that, upon receipt of a notice from Buyer Parent of the occurrence of a Suspension Event, such Seller will discontinue disposition of such Registrable Shares under the applicable Registration
Statement until such Seller is advised in writing by Buyer Parent that the use of the applicable Prospectus, or amended Prospectus, as applicable, may be resumed. Buyer Parent may provide appropriate stop orders to enforce the provisions of this
paragraph. Seller agrees that the removal of the restrictive legend from certificates representing Registrable Shares as set forth in Section 3.11(e) is predicated upon Buyer Parent’s reliance that Seller will comply
with the provisions of this Section 5.06. Both Buyer Parent and its transfer agent, and their respective directors, officers, employees and agents, may rely on this subsection. 

(e) For purposes of this Section 5.06: 

(i) “Effective Date” means the date that the applicable Registration Statement is first declared effective by the SEC. 

(ii) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(iii) “Prospectus” means the prospectus included in the Registration Statement (including, without limitation, a prospectus
that includes any information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated under the Securities Act), as amended or supplemented by any prospectus supplement, with
respect to the terms of the offering of any portion of the Registrable Shares covered by the Registration Statement, and all other amendments and supplements to the Prospectus including post-effective amendments, and all material incorporated by
reference or deemed to be incorporated by reference in such Prospectus. 
 (iv) “Registration Statement” means each
registration statement required to be filed under Section 5.06, including (in each case) the Prospectus, amendments and supplements to such registration statement or Prospectus, including
pre- and post-effective amendments, all exhibits thereto, and all material incorporated by reference or deemed to be incorporated by reference in such registration statement. 

(v) “Rule 144,” “Rule 415,” and “Rule 424” means Rule 144, Rule 415 and Rule 424,
respectively, promulgated by the SEC pursuant to the Securities Act, as such Rules may be amended from time to time, or any similar rule or regulation hereafter adopted by the SEC having substantially the same effect as such Rule. 

(vi) “SEC” means the United States Securities and Exchange Commission. 

(vii) “Suspension Event” means the occurrence of any of the following: (A) the SEC issues any stop order suspending the
effectiveness of any Registration Statement or initiates any proceedings for that purpose; (B) Buyer Parent receives notice of any suspension of the qualification or exemption from qualification of any Registrable Shares for sale in any
jurisdiction, or the initiation or threat of any proceeding for such purpose; or (C) the financial statements included in any Registration Statement become ineligible for inclusion therein or any Registration Statement or Prospectus or other
document contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.

  
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 (viii) “Trading Day” means (A) a day on which the Subordinate Voting
Shares of Buyer Parent are traded on a Trading Market (other than the OTC Bulletin Board), or (B) if the Subordinate Voting Shares are not listed or quoted on a Trading Market (other than the OTC Bulletin Board), a day on which the Subordinate
Voting Shares of Buyer Parent are traded in the over-the-counter market, as reported by the OTC Bulletin Board, or (C) if the Subordinate Voting Shares of Buyer
Parent are not listed or quoted on any Trading Market, a day on which the Subordinate Voting Shares of Buyer Parent are quoted in the over-the-counter market as reported
by the Pink Sheets LLC (or any similar organization or agency succeeding to its functions of reporting prices); provided, that in the event that the Subordinate Voting Shares of Buyer Parent are not listed or quoted as set forth in (A), (B) and
(C) hereof, then Trading Day shall mean a Business Day. 
 (ix) “Trading Market” means whichever of the New York Stock
Exchange, the NYSE MKT, the NASDAQ Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market or OTC Bulletin Board on which Buyer Parent’s Subordinate Voting Shares are listed or quoted for trading on the date in question. 

ARTICLE VI 

CONDITIONS PRECEDENT TO CLOSING 

Section 6.01 Conditions to Obligations of Buyer. The obligations of Buyer to consummate the transactions
contemplated by this Agreement shall be subject to the fulfillment or Buyer’s waiver, at or before the Closing, of each of the following conditions: 

(a) All of the representations and warranties of Seller contained herein shall be true and correct on the Agreement Date and on and as of the
Closing Date; 
 (b) Seller shall have duly performed and complied with all agreements, covenants and conditions required by this Agreement
to be performed or complied with by Seller prior to or on the Closing Date, including without limitation all closing deliverables set forth in Section 2.02; 

(c) Receipt by Buyer from the CCC of the License. 

(d) Since the Agreement Date, there shall have been no effect, change, circumstance or event that, individually or in the aggregate, has or
would reasonably be expected to have a material adverse effect on the business, properties, assets, results of operations or condition (financial or otherwise) of Seller, taken as a whole; 

(e) Seller shall have delivered to Buyer appropriate instruments of transfer, conveyance, sale and assignment in respect of the Purchased
Assets, consisting of bills of sale, assignments, confirmation of notices sent to third parties holding any Purchased Assets, and such other good and sufficient instruments of conveyance and transfer (including, without limitation, any consents
thereto by third parties necessary to make the same valid and effective, whether under any Assigned Contract or otherwise), in such form and containing such terms and provisions as Buyer may request, as shall be necessary to vest in Buyer all right,
title and interest in and to the Purchased Assets free and clear of any and all Encumbrances whatsoever; 

  
 23 

 (f) Seller shall have delivered to Buyer, in such form and containing such terms and
provisions as Buyer may request, all consents, approvals or waivers from the CCC or other governmental authority necessary in order to permit the consummation of the Closing and the transactions contemplated hereunder, including, without limitation,
approval by the CCC of the revised Application submitted pursuant to Section 5.02(d) and the License for use at the Premises; 

(g) No actions, suits or proceedings shall have been commenced against Buyer or Seller, which would prevent the Closing; no injunction or
restraining order shall have been issued by any governmental authority, and be in effect, which restrains or prohibits any transaction contemplated hereby; and no material adverse change in the business, assets, prospects, results of operations or
financial condition of Seller shall have occurred; 
 (h) Buyer’s shall have completed to its complete satisfaction its due diligence
investigation of Seller and the Business; 
 (i) All corporate and other proceedings of Seller in connection with the transactions
contemplated at the Closing (including any required authorizing resolutions of the board of directors and stockholders of Seller) shall have been undertaken and copies of the director and stockholder actions adopting such authorizing resolutions
shall have been delivered to Buyer; 
 (j) Buyer shall have received the Tax Clearance Certificates required pursuant to Section
2.02(a)(iii); and 
 (k) Buyer shall have received from Seller all such other documents and instruments consistent with the purposes
of this Agreement as Buyer shall reasonably have requested. 
 Section 6.02 Conditions to the Obligations of
Seller. The obligations of Seller to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment or Seller’s waiver, at or before the Closing, of each of the following conditions: 

(a) All of the representations and warranties of Buyer contained herein shall be true and correct on the Agreement Date and on and as of the
Closing Date; 
 (b) Buyer shall have duly performed and complied with all agreements, covenants and conditions required by this Agreement to
be performed or complied with by it prior to or on the Closing Date, including, without limitation, issuance at the Closing of the Share Consideration; 

(c) Buyer or Buyer’s Parent shall have filed all documents required to be filed under the Canadian securities laws and under the United
States securities laws in connection with the transactions contemplated by this Agreement; and 
 (d) All corporate and other proceedings of
Buyer in connection with the transactions contemplated at the Closing shall have been undertaken. 

  
 24 

 ARTICLE VII 

INDEMNIFICATION 

Section 7.01 Survival. All representations and warranties contained herein and all related rights to
indemnification shall survive the Closing and shall remain in full force and effect until the date that is twelve (12) months from the Closing Date; provided, that, the representations and warranties contained in Sections 3.01, 3.02,
3.03, 3.08 and 3.09 shall survive for sixty (60) days after the expiration of the full period of any applicable statutes of limitations (giving effect to any waiver, mitigation or extension thereof). No agreements or covenants
contained herein shall survive the Closing other than those agreements and covenants that by their terms or nature contemplate performance after the Closing, which surviving agreements and covenants shall survive indefinitely or for the period
explicitly specified therein, if any. 
 Section 7.02 Indemnification by Seller. Subject to the other terms and
conditions of this Article VII, Seller shall, subject to the limitations set forth in Section 7.06 defend, indemnify and hold harmless Buyer, its Affiliates and their respective stockholders, directors,
officers and employees from and against all claims, judgments, damages, liabilities, settlements, losses, costs and expenses, including attorneys’ fees and disbursements (collectively, “Losses”, provided that Losses
shall not include incidental, special, or punitive damages, except in the case of fraud or intentional misrepresentation or to the extent actually awarded to a governmental authority or other third party), arising from or relating to: 

(a) any inaccuracy in or breach of any of the representations or warranties of Seller contained in this Agreement or any Seller Document; 

(b) any breach or non-fulfillment of any covenant, agreement or obligation to be performed by Seller
pursuant to this Agreement or any Seller Document; or 
 (c) any Excluded Asset or Excluded Liability. 

Section 7.03 Indemnification by Buyer. Buyer shall defend, indemnify and hold harmless Seller, its affiliates
and their respective stockholders, directors, officers and employees from and against all Losses arising from or relating to: 
 (a) any
inaccuracy in or breach of any of the representations or warranties of Buyer contained in this Agreement or any Buyer Document; 
 (b) any
breach or non-fulfillment of any covenant, agreement or obligation to be performed by Buyer pursuant to this Agreement or any Buyer Document; or 

(c) any Assumed Liability. 

Section 7.04 Indemnification Procedures. Whenever any claim shall arise for indemnification hereunder, the
party entitled to indemnification (the “Indemnified Party”) shall promptly provide written notice of such claim to the other party (the “Indemnifying Party”). In connection with any claim for indemnification
hereunder resulting from or arising out of any Action by a Person who is not a party to this Agreement, the Indemnifying Party, at its sole cost and expense and upon written notice to the Indemnified Party, may assume the defense of any such Action
with counsel reasonably satisfactory to the Indemnified Party. The Indemnified Party shall be entitled to participate in the defense of any such Action, with its counsel and at its own cost and expense. If the Indemnifying Party does not assume the
defense of any such Action, the Indemnified Party may, but shall not be obligated to, defend against such Action in such manner as it may deem appropriate, including, but not limited to, settling such Action, after giving notice of it to the
Indemnifying Party, on such terms as the Indemnified Party may deem appropriate and no action taken by the Indemnified Party in accordance with such defense and settlement shall relieve the Indemnifying Party of its indemnification obligations
herein provided with respect to any damages resulting therefrom. The Indemnifying Party shall not settle any Action without the Indemnified Party’s prior written consent (which consent shall not be unreasonably withheld or delayed). This
Section 7.04 shall not apply to Tax Claims, the procedures for which are set forth in Section 5.05(e). 

  
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 Section 7.05 Payments. 

(a) All indemnification payments made pursuant to this Article VII (i) if due and payable by Seller, shall be paid by wire transfer of
immediately available funds in accordance with wire transfer instructions provided by Buyer; and (ii) if due and payable by Buyer, shall be paid with a number of Buyer Shares equal to such indemnified amount divided by the Closing Buyer
Share Price, or by wire transfer of immediately available funds in accordance with wire transfer instructions provided by Seller. 
 (b)
Notwithstanding the foregoing provisions of Section 7.05(a), for so long as the Holdback Amount is available, all indemnification payments due and payable by Seller shall first be drawn by Buyer from and shall reduce the
Holdback Amount by such number of Buyer Shares valued at the Closing Buyer Share Price, rounded down to the nearest whole share, and second, shall be satisfied by claims directly against Seller. 

Section 7.06 Certain Limitations. The indemnification rights provided in this Article VII,
Section 7.02 and Section 7.03 shall be subject to the following limitations: 
 (a)
Notwithstanding the foregoing, the Indemnified Parties may not recover any Losses under this Agreement (other than in the case of fraud or intentional misrepresentation) in an aggregate amount in excess of the Purchase Price actually paid hereunder.

 (b) An Indemnifying Party shall not be liable to the Indemnified Party for indemnification hereunder until the aggregate amount of all
Losses in respect of such indemnification obligation exceeds $15,000, in which event such Indemnifying Party shall be required to pay or be liable for all such Losses from the first dollar. 

(c) No claim for indemnification under this Article VII shall be brought hereunder for breach of a representation or warranty after the
lapse of the applicable period of survival for such representation or warranty set forth in Section 7.01. Notwithstanding the foregoing, if a written notice alleging the existence of an inaccuracy in or a breach of any of
the representations and warranties is made by a party asserting a claim for recovery under Article VII, then the claim asserted in such notice shall survive until such time as such claim is fully and finally resolved. 

Section 7.07 Tax Treatment of Indemnification Payments. All indemnification payments made by Seller under
this Agreement shall be treated by the parties as an adjustment to the Purchase Price for Tax and financial reporting purposes, unless otherwise required by law. In the event that such a payment cannot be treated as an adjustment to the Purchase
Price, then Seller shall further indemnify Buyer for any Tax cost incurred by Buyer arising from the receipt of such indemnification payments (and the receipt of additional amounts pursuant to this sentence). 

Section 7.08 Effect of Investigation. Buyer’s right to indemnification or other remedy based on the
representations, warranties, covenants and agreements of Seller contained herein will not be affected by any investigation conducted by Buyer with respect to, or any knowledge acquired by Buyer at any time, with respect to the accuracy or inaccuracy
of or compliance with, any such representation, warranty, covenant or agreement. 

  
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 Section 7.09 Exclusive Remedies. Subject to
Section 5.04 and Section 9.13, the terms and conditions of which provide certain remedies in the event of a breach thereof, the parties acknowledge and agree that their sole and exclusive
remedy with respect to any and all claims for any breach of any representation, warranty or covenant set forth herein or in any Seller Document shall be pursuant to the indemnification and setoff provisions set forth in this Article VII,
except for in the case of fraud or intentional misrepresentation. In furtherance of the foregoing, each party hereby waives, to the fullest extent permitted under applicable law, any and all rights, claims and causes of action for any breach of any
representation, warranty or covenant set forth herein or in any Seller Document it may have against the other parties and their Affiliates and each of their respective representatives arising under or based upon any law, except pursuant to the
indemnification and setoff provisions set forth in this Article VII. Nothing in this Section 7.09 shall limit any Person’s right to seek and obtain any equitable relief to which any Person shall be entitled, or
to seek any remedy on account of any party’s fraudulent or criminal conduct. 
 ARTICLE VIII 

TERMINATION 

Section 8.01 Grounds for Termination. This Agreement may be terminated at any time prior to the Closing: 

(a) by mutual written agreement of Buyer and Seller; 

(b) by either Seller or Buyer if the transactions contemplated by this Agreement shall not have been consummated on or before April 30,
2021 (the “Termination Date”); provided, that the right to terminate this Agreement pursuant to this clause (b) shall not be available to any party whose breach of its obligations under this Agreement has been the primary cause
of, or primarily resulted in, the failure of such transactions to be consummated by such date; 
 (c) by either Seller or Buyer, if
(i) there shall be any applicable law that makes the consummation of the transactions contemplated hereby illegal, or (ii) any order shall have been issued by any governmental authority having competent jurisdiction permanently
restraining, enjoining or otherwise prohibiting such transactions, and such order shall have become final and nonappealable; 
 (d) by Buyer
if Buyer is not then in material breach of any provision of this Agreement and either (i) there has been a breach of, or inaccuracy in, any representation or warranty of Seller contained in this Agreement or (ii) Seller has breached or
violated any covenant contained in this Agreement, in each case which breach, inaccuracy or violation (1) would reasonably be expected to result in the failure to satisfy a condition to Closing set forth herein and (2) cannot be or has not
been cured by the date which is twenty (20) days after Buyer notifies Seller pursuant to Section 9.02 of such breach, inaccuracy or violation; or 

(e) by Seller if Seller is not then in material breach of any provision of this Agreement and either (i) there has been a breach of, or
inaccuracy in, any representation or warranty of Buyer contained in this Agreement or (ii) Buyer has breached or violated any covenant contained in this Agreement, in each case which breach, inaccuracy or violation (1) would or would
reasonably be expected to result in the failure to satisfy a condition to Closing set forth herein and (2) cannot be or has not been cured by the date which is twenty (20) days after Seller notifies Buyer pursuant to
Section 9.02 of such breach, accuracy or violation. 
 Section 8.02 Notice of
Termination. The party desiring to terminate this Agreement pursuant to clauses (b)-(e) above shall give written notice of such termination to the other parties hereto. 

  
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 Section 8.03 Effect of Termination. Except as expressly set forth
below, if this Agreement is terminated pursuant to this Article VIII, such termination shall be effective as against all parties hereto and shall be without liability of any party (or any stockholder, director, officer, employee,
agent, consultant or representative of such party) to the other parties to this Agreement; provided, however, if such termination shall result from the intentional or willful failure of a party to perform a covenant under this Agreement, such party
shall be fully liable for any and all liabilities and damages incurred or suffered by the other parties as a result of such intentional or willful failure or breach. The provisions of Section 5.04(g), this
Section 8.03 and Article IX shall survive any termination hereof pursuant to this Article VIII. 

ARTICLE IX 

MISCELLANEOUS 

Section 9.01 Expenses. All costs and expenses incurred in connection with this Agreement and the transactions
contemplated hereby shall be paid by the party incurring such costs and expenses. 
 Section 9.02 Notices. All
notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by
the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or e-mail of a PDF document (with confirmation of transmission) if sent during normal
business hours of the recipient, and on the next business day if sent after normal business hours of the recipient; or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such
communications must be sent to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 9.02): 

If to Buyer:          Life Essence, Inc. 

56 Canal Street 

Holyoke, MA 01040 

Attention: General Counsel 

Email: Eric.Powers@trulieve.com 

with a copy to:     Foley Hoag LLP 

155 Seaport Boulevard 

Boston, MA 02210 

Attention: Jesse Alderman; Patrick Connolly 

Telephone: 617-832-1158; 617-832-1221 
 Email: jalderman@foleyhoag.com;

 pconnolly@foleyhoag.com 

If to Seller:         Patient Centric of Martha’s Vineyard Ltd. 

PO Box 1323 

West Tisbury, MA 02575 

Attn: Chief Executive Officer 

Email: geoff@pcmvy.com 

with a copy to:     The Mensing Group LLC 

100 State Street, 9th Floor 

Boston, MA 02109 

Attn: Blake M. Mensing, Esq. 

Email: blake@mensinggroup.com 

  
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 Section 9.03 Headings. The headings in this Agreement are for
reference only and shall not affect the interpretation of this Agreement. 
 Section 9.04 Severability. If
any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render
unenforceable such term or provision in any other jurisdiction. 
 Section 9.05 Entire Agreement. This Agreement
and the documents to be delivered hereunder constitute the sole and entire agreement of the parties to this Agreement with respect to the subject matter contained herein, and supersede all prior and contemporaneous understandings and
agreements, both written and oral, with respect to such subject matter. In the event of any inconsistency between the statements in the body of this Agreement and the documents to be delivered hereunder, the Exhibits and Disclosure Schedule (other
than an exception expressly set forth as such in the Disclosure Schedule), the statements in the body of this Agreement will control. 

Section 9.06 Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of
the parties hereto and their respective successors and permitted assigns. Neither party may assign its rights or obligations hereunder without the prior written consent of the other party, which consent shall not be unreasonably withheld or delayed.
No assignment shall relieve the assigning party of any of its obligations hereunder. 
 Section 9.07 No Third-Party
Beneficiaries. Except as provided in Article VII, this Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall
confer upon any other person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 

Section 9.08 Amendment and Modification. This Agreement may only be amended, modified or supplemented by an
agreement in writing signed by each party hereto. 
 Section 9.09 Waiver. No waiver by any party of any of the
provisions hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving. No waiver by any party shall operate or be construed as a waiver in respect of any failure, breach or default not expressly
identified by such written waiver, whether of a similar or different character, and whether occurring before or after that waiver. No failure to exercise, or delay in exercising, any right, remedy, power or privilege arising from this Agreement
shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or
privilege. 
 Section 9.10 Governing Law. This Agreement shall be governed by and construed in accordance
with the internal laws of The Commonwealth of Massachusetts without giving effect to any choice or conflict of law provision or rule (whether of The Commonwealth of Massachusetts or any other jurisdiction). 

Section 9.11 Submission to Jurisdiction. Any legal suit, action or proceeding arising out of or based upon
this Agreement or the transactions contemplated hereby may be instituted in the federal courts of the United States of America or the courts of The Commonwealth of Massachusetts in each case located in the City of Boston, Massachusetts, and each
party irrevocably submits to the exclusive jurisdiction of such courts in any such suit, action or proceeding. 

  
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 Section 9.12 Waiver of Jury Trial. Each party acknowledges and
agrees that any controversy which may arise under this Agreement is likely to involve complicated and difficult issues and, therefore, each such party irrevocably and unconditionally waives any right it may have to a trial by jury in respect
of any legal action arising out of or relating to this Agreement or the transactions contemplated hereby. 

Section 9.13 Specific Performance. The parties agree that irreparable damage would occur if any provision of
this Agreement were not performed in accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof, in addition to any other remedy to which they are entitled at law or in equity. 

Section 9.14 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an
original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to
have the same legal effect as delivery of an original signed copy of this Agreement. 
 [SIGNATURE PAGE FOLLOWS] 

  
 30 

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

			
	BUYER:
	
	LIFE ESSENCE, INC.
		
	By:	 	 /s/ Eric Powers

	Name: Eric Powers
	Title: Secretary

 IN WlTNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
date first wrinen above by their respective officers thereunto duly authorized. 
  

			
	SELLER:
	
	PATIENT CENTRIC OF MARTHA’S
	VINEYARD LTD.
		
	By:	 	 /s/ Geoff Rose

	Name: Geoff Rose
	Title: Chief Executive Officer

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