Document:

Exhibit 10.42

 

FORM OF IRREVOCABLE PROXY

TO VOTE COMMON STOCK OF

HIGHTIMES HOLDING CORP. AND RELATED ISSUER

 

The undersigned holder
of a convertible purchase note and a Security Holder (“Security Holder”) of Hightimes Holding Corp.,
a Delaware corporation (the “Company”), hereby irrevocably and unconditionally (to the fullest extent
permitted by applicable law) appoints Adam E. Levin (“Levin”) (the “Proxy Holder”),
as the sole and exclusive attorney-in-fact and proxy of Security Holder, with full power of substitution and resubstitution, to
vote and exercise all voting and related rights (to the fullest extent that Security Holder is entitled to do so) with respect
to all of the shares of Class A Common Stock, all OAC Shares or all other Voting Common Stock of the Company, Origo Acquisition
Corporation (“Origo”) or any successor-in-interest to the Company or Origo (together with the Company
and Origo, the “Issuer”) that now are or hereafter may be beneficially owned by Security Holder, and
any and all other shares or securities of an Issuer issued or issuable in respect thereof on or after the date hereof, including
Voting Common Stock issued in connection with the automatic conversion of the Purchase Note upon the occurrence of a Conversion
Event (collectively, the “Shares”), all in accordance with the terms of this Irrevocable Proxy.

 

This Irrevocable Proxy
is being issued pursuant to in an agreement between the Company and the Security Holder, dated of even date herewith (the “Agreement”).
Unless otherwise defined herein, all capitalized terms, when used herein shall have the same meaning as they are defined in the
Agreement.

 

This Irrevocable Proxy
shall be limited to and entitle the Proxy Holder to vote all Shares that are owned of record or beneficially by such Security Holder,
or his, her or its Affiliates or transferees of such Shares, only in FAVOR of the director or directors of the Company
or other Issuer that is or are nominated by the management of the Company or other Issuer at each regular or special stockholders
meeting of the Company or other Issuer, as the case may be, or in connection with any proxy solicitation of stockholder consents
therefor.

 

This Irrevocable Proxy
shall become effective as of the date that an Approved Listing and a Conversion Event set forth in Section 2(a) or Section 2(b)
of the Agreement shall have occurred (the “Effective Date”) and shall terminate on a date which shall
be the first to occur of (a) a “Sale of Control” of the Issuer, (b) a sale of Shares into the market through customary
brokers transactions, but only with respect to any Shares that are publicly sold by the Security Holder or his, her or its Affiliates
or transferees into the market through customary brokers transactions, or (c) three (3) years following the Effective Date (the
“Expiration Time”). For the avoidance of doubt, absent a Sale of Control, this Irrevocable Proxy shall
continue to remain in effect with respect to any Shares that have not been sold into the market through customary brokers transaction
until the Expiration Time.

 

Notwithstanding the
foregoing, if the Effective Date of this Irrevocable Proxy shall not have occurred by March 31, 2018, this Irrevocable Proxy
shall automatically, and without any further action on the part of the Company or the Security Holder, terminate and be of no further
force or effect.

 

The principal amount
of Purchase Note and Class A Common Stock of the Company beneficially owned by Security Holder and issuable upon as of the date
of this Irrevocable Proxy are listed on the final page of this Irrevocable Proxy. Upon Security Holder’s execution of this
Irrevocable Proxy, any and all prior proxies (other than this Irrevocable Proxy) given Security Holder with respect to the subject
matter contemplated by this Irrevocable Proxy are hereby revoked with respect to such subject matter and Security Holder agrees
not to grant any subsequent proxies with respect to such subject matter or enter into any agreement or understanding with any
Person (as defined in the Agreement) to vote or give instructions with respect to such subject matter in any manner inconsistent
with the terms of this Irrevocable Proxy until after the Expiration Time. 

 

     

    

    

 

Until the Expiration
Time, this Irrevocable Proxy is irrevocable (to the fullest extent permitted by applicable law), is coupled with an interest sufficient
in law to support an irrevocable proxy, is granted pursuant to Agreement, and is granted in consideration of the Company entering
into the Agreement.

 

The Proxy Holder is
hereby authorized and empowered by Security Holder, at any time prior to the Expiration Time, to act as Security Holder’s
attorney and proxy to vote the Shares, and to exercise all voting and other rights of Security Holder with respect to the voting
of the Shares for the election of the members of the board of directors of the Issuer (including, without limitation, the power
to execute and deliver written consents pursuant to Section 228(a) of the Delaware General Corporation Law), at every annual,
special or adjourned meeting of the Security Holders of the Issuer in every written consent in lieu of such meeting.

 

The Proxy Holder may
not exercise this Irrevocable Proxy on any other matter except as expressly provided above. Security Holder may vote the Shares
on all other matters in any manner it deems, in its sole and absolute discretion, appropriate.

 

All authority herein
conferred shall survive the death or incapacity of Security Holder and any obligation of Security Holder hereunder shall be binding
upon the heirs, personal representatives, successors and assigns of Security Holder.

 

[SIGNATURE PAGE FOLLOWS]   

 

This Irrevocable Proxy
is coupled with an interest as aforesaid and is irrevocable. This Irrevocable Proxy may not be amended or otherwise modified without
the prior written consent of the Security Holder and the Proxy Holder. This Irrevocable Proxy shall terminate, and be of no further
force and effect, automatically upon the Expiration Time.

 

Dated:                                         

	 	 
	 	 	 
	 	By:  	 

 

	 	Shares beneficially owned on the date hereof:
	 	 	 
	 	 	Shares of Company Class A Common Stock
	 	 	 
	 	$ 	Principal Amount of Purchase Notesintv_ex1017.htm

EXHIBIT 10.17 

 

EXCHANGE AGREEMENT

 

This Exchange Agreement (this “Agreement”) is entered into as of December 18, 2017, by and among Integrated Ventures, Inc. (f/k/a EMS Find, Inc.), a Nevada corporation (the “Company”) and Global Opportunity Group LLC (“Investor”).

 

WHEREAS, the Company issued to Investor the warrants identified on Schedule A hereto (the “Warrants”);

 

WHEREAS, the Company desires to exchange the Warrants for a convertible note in the form annexed hereto as Exhibit B (the “Note”) which shall be convertible into shares of the Company’s common stock pursuant to the terms of the Note (the “Conversion Shares”).

 

NOW, THEREFORE, in consideration of the rights and benefits that they will each receive in connection with this Agreement, the parties, intending to be legally bound, agree as follows:

 

1. Exchange. The Company and Investor agree to exchange the Warrants for the Note. The Note shall be issued pursuant to an exemption from registration under Section 3(a)(9) of the Securities Act, as amended. 

 

2. Negative Covenants. The company hereby agrees not to effectuate a reverse split of its common stock for three (3) months from the date of this agreement. 

 

3. Tacking. The Company acknowledges that the Investor’s holding period of the Note shall tack for Rule 144 purposes back to March 28, 2017. 

 

4. Disclosure and Reporting Obligations. 

 

(a) The Company shall, file a form 8K disclosing this transaction immediately following the execution of this agreement, disclosing the material terms of the transactions contemplated hereby.

 

(b) Commencing on the date if this Agreement and ending at such time that cthe Conversion Shares may be sold without the requirement for the Company to be in compliance with Rule 144(c)(1) and otherwise without restriction or limitation pursuant to Rule 144, the Company shall satisfy the current public information requirement under Rule 144(c). 

 

5. Representations and Warranties of the Company. The Company hereby represents and warrants to each Investor as of the date hereof as follows:

 

(a) Organization and Standing. The Company is a corporation duly organized, validly existing under, and by virtue of, the laws of Nevada, and is in good standing under such laws. The Company has all requisite corporate power and authority to own and operate its properties and assets and to carry on its business as presently conducted. The Company is duly qualified and authorized to transact business and is in good standing as a foreign corporation in each jurisdiction in which the failure to so qualify would have a material adverse effect on its business, properties or financial condition.

 

	 
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(b) Corporate Power. The Company has all requisite legal and corporate power and authority to execute and deliver this Agreement, to issue the Note and Conversion Shares hereunder, and to carry out and perform its obligations under the terms of this Agreement and the transactions contemplated hereby.

 

(c) Authorization. All corporate action on the part of the Company, its officers, directors and stockholders necessary for the authorization, execution, delivery and performance of this Agreement, the authorization, sale, issuance and delivery of the Settlement Shares and the performance of all of the Company’s obligations hereunder have been taken or will be taken prior to the Closing. This Agreement has been duly executed by the Company and constitutes valid and legally binding obligations of the Company, enforceable against the Company in accordance with their respective terms, subject to the laws of general application relating to bankruptcy, insolvency and the relief of debtors and rules of law governing specific performance, injunctive relief or other equitable remedies.

 

(d) Offering. Subject in part on the accuracy of the Investor’s representations herein, the offer, sale and issuance of the Settlement Shares in conformity with the terms of this Agreement constitute transactions exempt from registration of under the Securities Act of 1933, as amended (the “Securities Act”) and from all applicable state securities laws. The sole consideration for the issuances of the Note is the Investor’s surrender of the Warrants.

 

6. Representations and Warranties of the Investor. Investor hereby represents and warrants as of the date hereof to the Company as follows:

 

(a) Organization and Standing. The Investor is either an individual or an entity duly organized, validly existing under, and by virtue of, the laws of the jurisdiction of its incorporation or formation, and is in good standing under such laws.

 

(b) Corporate Power. The Investor has all right, corporate, partnership, limited liability company or similar power and authority to execute and deliver this Agreement and to carry out and perform its obligations under the terms of this Agreement and the transactions contemplated hereby.

 

(c) Authorization. All corporate, partnership, limited liability company or similar action, as applicable on the part of such Investor, necessary for the authorization, execution, delivery and performance of this Agreement and the performance of all of such Investor’s obligations hereunder have been taken or will be taken prior to the Closing. This Agreement has been duly executed by the Investor and constitutes valid and legally binding obligations of such Investor, enforceable against such Investor in accordance with their respective terms, subject to the laws of general application relating to bankruptcy, insolvency and the relief of debtors and rules of law governing specific performance, injunctive relief or other equitable remedies.

 

(d) Own Account. Investor is acquiring the Settlement Shares for its own account.

 

(e) Investor Status. The Investor is either: (i) an “accredited investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities Act or (ii) a “qualified institutional buyer” as defined in Rule 144A under the Securities Act. Such Investor is not required to be registered as a broker-dealer under Section 15 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

 

	 
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7. Miscellaneous.

 

(a) Entire Agreement. This Agreement, together with the schedules attached hereto, contain the entire understanding of the parties with respect to the subject matter hereof and supersede all prior agreements and understandings, oral or written with respect to such matters.

 

(b) Notices. All notices, demands requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery, telegram or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall occur first. 

 

(c) Amendments; Waivers. No provision of this Agreement may be waived, modified, supplemented or amended except in a written instrument signed, in the case of an amendment, by the Company and the Investor, in the case of a waiver, by the party against whom enforcement of any such waived provision is sought. No waiver with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any such right.

 

(d) Headings. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof.

 

(e) Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns.

 

(f) No Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

(g) Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement and the transactions contemplated hereby shall be governed by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principals of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Agreement (whether brought against a party hereto or its respective affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal courts sitting in the City of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith or the transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof.

 

	 
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(h) Survival. The representations and warranties contained herein shall survive the Closing for the applicable statute of limitations.

 

(i) Execution. This Agreement may be executed in one or more counterparts, all of which when taken together shall be considered one and the same agreement, it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or by email delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature was an original thereof.

 

(j) Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find and employ, an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable. 

 

(k) Construction. The parties hereto agree that each of them and/or their respective counsel have reviewed and have had an opportunity to revise this Agreement and the schedules attached hereto. This Agreement shall be construed according to its fair meaning and not strictly for or against any party. The word “including” shall be construed to include the words “without limitation.” In this Agreement, unless the context otherwise requires, references to the singular shall include the plural and vice versa.

 

(l) WAIVER OF JURY TRIAL. IN ANY ACTION, SUIT OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE PARTIES EACH KNOWINGLY ANDINTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY AND EXPRESSLY WAIVES FOREVER TRAIL BY JURY.

 

[Remainder of page intentionally left blank]

 

	 
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IN WITNESS WHEREOF, the parties have caused this Exchange Agreement to be duly executed and delivered as of the date and year first written above.

 

	
COMPANY
	
	
 
	
 

	
Integrated Ventures, Inc. 
	
 

	 	 	 
	By:	/s/ Steve Rubakh	
	
 
	Steve Rubakh 	 
	Its:	CEO	 
		 	 
	
INVESTOR
	
 

	
 
	
 

	
Global Opportunity Group LLC
	
 

	
 
	
 
	
 

	
By:
	
/s/ Gabriel Berkowitz
	
 

	
 
	
Gabriel Berkowitz
	
 

	
Its:
	
Manager
	
 

 

SCHEDULE A

 

	
Date Issued 
	
Warrants

	
08/10/16
	
139,877

	
12/02/16
	
82,500

	
02/12/17
	
333,333

	
03/28/17
	
605,000

	
Total
	
1,160,710

 

	 
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ANNEX A

 

NOTICE OF CONVERSION

 

The undersigned hereby elects to convert principal under the Convertible Note due December 18, 2018 of INTEGRATED VENTURES, INC. a Nevada corporation (the “Company”), into shares of common stock (the “Common Stock”), of Borrower according to the conditions hereof, as of the date written below. If shares of Common Stock are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates and opinions as reasonably requested by Borrower in accordance therewith. No fee will be charged to the holder for any conversion, except for such transfer taxes, if any.

 

By the delivery of this Notice of Conversion the undersigned represents and warrants to Borrower that its ownership of the Common Stock does not exceed the amounts specified under Section 4 of this Note, as determined in accordance with Section 13(d) of the Exchange Act.

 

The undersigned agrees to comply with the prospectus delivery requirements under the applicable securities laws in connection with any transfer of the aforesaid shares of Common Stock.

 

Conversion calculations:

 

		
Date to Effect Conversion: ____________________________

		
		
Principal Amount of Note to be Converted: $__________________

		
		
Additional Interest to be Converted: $______________________

		
		
Number of shares of Common Stock to be issued: ______________

		
		
Signature: _________________________________________

		
		
Name: ____________________________________________

		
		
Address for Delivery of Common Stock Certificates: __________

		
_____________________________________________________ 

		
_____________________________________________________

		
		
Or

		
		
DWAC Instructions: _________________________________

		
		
Broker No:_________________

		
Account No: ____________________

 

 

	
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