Document:

Document

Exhibit 10.21

CONFIDENTIAL TREATMENT REQUESTED - REDACTED COPY

Industrious
MEMBERSHIP AGREEMENT AMENDMENT
Contract Date: 7/23/2020
This Industrious Membership Agreement Amendment ("Amendment") is made by and between the Industrious entity or entities ("Industrious") and the member ("Member") set forth below, and serves to modify that certain Industrious  Membership  Agreement  executed by the parties dated (the "Agreement"):
												
	Industrious	Member
	Name
	INDUSTRIOUS NYC 1411 BROADWAY
	Company Name
	Ascend Wellness Holdings

	Location Address
	1411 Broadway 
16th Floor
New York, NY 10018
	Contact Name
	Abner Kurtin

	Email
	[REDACTED]

The Agreement, including the relevant information on the signature page thereto, is hereby amended to specify that Member shall have access to and services relating to the following office space (the "Office Space"), at the following terms:
																		
	Office No(s).	Office Size
(Seats)
	Monthly Fee	ACH Discount	Security Deposit
	Conference Room Allowance

	NYCBRY046	2	$3,320.25	[***]% discount off Monthly Fee for payments made by ACH via Industrious' billing portal
	$5,244.00	7 hours per month

	NYCBRY047	7	$8,455.00	[***]% discount off Monthly Fee for payments made by ACH via Industrious' billing portal
	$13,345.12	12 hours per month

															
	License Start Date
	Earliest Expiration Date	Month-to-Month Agreement	One Month Termination Option
	Credit Card and Debit Card
Surcharge

	(Month-to-Month Agreements Only)

	8/1/2020	6-Month 
2/28/2021
	No	No	NA

Certain identified information has been omitted from this exhibit because it is not material and would likely cause competitive harm to the registrant if publicly disclosed. [***] indicates that information has been omitted.

Member licensed Suite A of the Premises (the "Original Office Space") pursuant to the Agreement, and Member and Industrious acknowledge and agree that Member shall vacate and surrender the Original Office Space on or before the Contract Date of this Amendment in the condition required under the Agreement. Effective on the Contract Date of this Amendment, Tenant hereby agrees to license the New Office Space and the "Office Space" shall mean the New Office Space.
Pursuant to the Agreement, Industrious holds a security deposit in the amount of $69,536.00 (the "Security Deposit"). Industrious and Member agree that the Security Deposit shall be reduced and applied as follows:
(i) $11,775.25 per month shall be applicable to the Monthly Fee for the Office Space for the months of August, September and October for the calendar year 2020 (i.e., $35,325.75 in the aggregate); (ii) the Security Deposit held by Industrious shall be reduced to $18,589.12; and (iii) $15,621.13 shall be retained by and released to Industrious.
			
	TIME-LIMITED PROMOTION
In recognition of the uncertainty associated with governmental stay-at-home orders implemented as a result of the COVID-19 pandemic, if this Amendment is signed on or before September 30, 2020 and results in either (a) the extension of the Agreement for a Term of six (6) months or greater and/or (b) the expansion or addition of Office Space for a Term of six (6) months or greater, Industrious will honor the following discount, notwithstanding any language to the contrary elsewhere in this Amendment or in the Agreement: In the event that a governmental stay-at-home order is implemented In the jurisdiction where the Office Space Is located, and such order endures for more than five (5) business days, Member will receive a pro-rated discount of [***] percent ([***]%) off the License Fee set forth in this Amendment for every business day that such order is in effect. A "business day" for purposes of this paragraph is a day of the week from Monday through Friday. The discount set forth in this paragraph shall be in effect for the period from June 30, 2020 through and including December 31, 2020, unless otherwise extended in writing by Industrious.

The applicable provisions of this Amendment shall be deemed to be incorporated into the Agreement in full and to be an integral part thereof as though fully set forth therein. With the exception of the above amendment, all other provisions of the Agreement shall remain in full force and effect. Capitalized terms not otherwise defined in this Amendment shall retain their definitions set forth in the Agreement. This Amendment may be executed in counterparts, each of which shall be an original and all of which taken together shall constitute one and the same agreement. Signatures to this Amendment transmitted by electronic means shall be valid and effective to bind the party so signing. This Amendment will not be valid until approved and signed by an authorized representative of Industrious.
By signing below, each party acknowledges that it has read and understood this Amendment and agrees to be bound by its terms, effective as of the Contract Date set forth above.

																		
	Industrious:		Member:
	By:			By:		
			

Certain identified information has been omitted from this exhibit because it is not material and would likely cause competitive harm to the registrant if publicly disclosed. [***] indicates that information has been omitted.

						
	Name: [REDACTED]
	Company Name: Ascend Wellness Holdings

	Title: Community Manager
	Contact Name: Abner Kurtin
		Title: CEO

Certain identified information has been omitted from this exhibit because it is not material and would likely cause competitive harm to the registrant if publicly disclosed. [***] indicates that information has been omitted.

						
	DOCUMENT NAME:	Ascend Wellness Holdings - Amendment FINAL

	DOC ID:	[REDACTED]

						
	ELECTRONICALLY SIGNED BY:
	Name:	Abner Kurtin
	Title:	Founder
	Company:	AWH
	Email:	[REDACTED]

	Date!Time:	August 2, 2020 13:57:10
	IP Address:	[REDACTED]

	/s/ Abner Kurtin	

			
	

						
	Name:	[REDACTED]
	Date!Time:	August 4, 2020 08:53:55

	/s/ Lauren Cohen	

Certain identified information has been omitted from this exhibit because it is not material and would likely cause competitive harm to the registrant if publicly disclosed. [***] indicates that information has been omitted.Exhibit 10.2

   

  THIS PROMISSORY NOTE (“NOTE”)
    HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS BEEN
    ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF
    UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH
    REGISTRATION IS NOT REQUIRED.

   

  PROMISSORY NOTE

   

  	Principal Amount: up to U.S.$300,000	Dated as of February 18, 2021

  (as set forth on the Schedule of
    Borrowings attached hereto)

   

  Learn CW Investment
    Corporation, a Cayman Islands exempted company and blank check company (the “Maker”), promises to pay to
    the order of CWAM LC Sponsor LLC, a Delaware limited liability company, or its registered assigns or successors in interest (the
    “Payee”), or order, the principal sum of up to Three Hundred Thousand U.S. Dollars (U.S.$300,000) (as set forth
    on the Schedule of Borrowings attached hereto) in lawful money of the United States of America, on the terms and conditions described
    below. All payments on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined
    by the Maker to such account as the Payee may from time to time designate by written notice in accordance with the provisions of
    this Note.

   

  1.            Principal.
    The principal balance of this Note shall be payable by the Maker on the earlier of: (i) June 30, 2021; and (ii) the
    date on which the Maker consummates an initial public offering of its securities (the “IPO”), unless accelerated
    upon the occurrence of an Event of Default. The principal balance may be prepaid at any time by the Maker, at its election and
    without penalty. Under no circumstances shall any individual, including but not limited to any officer, director, employee or shareholder
    of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder.

   

  		2.	Interest. No interest shall accrue on the unpaid principal balance of this Note.

   

  3.            Drawdown
      Requests. The Maker and the Payee agree that the Maker may request up to Three Hundred Thousand U.S. Dollars (U.S.$300,000)
    for costs reasonably related to the Maker’s formation and proposed IPO. The principal of this Note may be drawn down from
    time to time prior to the earlier of: (i) June 30, 2021; and (ii) the date on which the Maker consummates the IPO,
    upon written request from the Maker to the Payee (each, a “Drawdown Request”). Each Drawdown Request must state
    the amount to be drawn down, and must not be an amount less than One Thousand U.S. Dollars (U.S.$1,000) unless agreed upon by the
    Maker and the Payee. The Payee shall fund each Drawdown Request no later than one business day after receipt of a Drawdown Request;
    provided, however, that the maximum amount of drawdowns collectively under this Note is Three Hundred Thousand U.S. Dollars (U.S.$300,000).
    No fees, payments or other amounts shall be due to the Payee in connection with, or as a result of, any Drawdown Request by the
    Maker.

   

  4.            Application
      of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due
    under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges
    and finally to the reduction of the unpaid principal balance of this Note.

   

  5.            Events
      of Default. The following shall constitute an event of default (“Event of Default”):

   

  (a)       Failure
      to Make Required Payments. Failure by the Maker to pay the principal amount due pursuant to this Note within five (5) business
    days of the date specified in Section 1 above.

   

   

  (b)       Voluntary
      Bankruptcy, Etc. The commencement by the Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization,
    rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator,
    assignee, trustee, custodian, sequestrator (or other similar official) of the Maker or for any substantial part of its property,
    or the making by it of any assignment for the benefit of creditors, or the failure of the Maker generally to pay its debts as such
    debts become due, or the taking of corporate action by the Maker in furtherance of any of the foregoing.

   

  
  
    	 	

  

  
     

  

  
   

  (c)       Involuntary
      Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of the
    Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,
    assignee, custodian, trustee, sequestrator (or similar official) of the Maker or for any substantial part of its property, or ordering
    the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period
    of 60 consecutive days.

   

  		6.	Remedies.

   

  (a)       Upon
    the occurrence of an Event of Default specified in Section 5(a) hereof, the Payee may, by written notice to the Maker, declare
    this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable
    thereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which
    are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

   

  (b)       Upon
    the occurrence of an Event of Default specified in Sections 5(b) or 5(c) hereof, the unpaid principal balance of this Note, and
    all other sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without
    any action on the part of the Payee.

   

  7.            Waivers.
    The Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor,
    protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by
    the Payee under the terms of this Note, and all benefits that might accrue to the Maker by virtue of any present or future laws
    exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment,
    levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment;
    and the Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof, or any writ
    of execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by the Payee.

   

  8.            Unconditional
      Liability. The Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement
    of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other
    party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or
    consented to by the Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted
    by the Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors,
    or sureties may become parties hereto without notice to the Maker or affecting the Maker’s liability hereunder.

   

  9.            Notices.
    All notices, statements or other documents which are required or contemplated by this Note shall be: (i) in writing and delivered
    personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission
    to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address
    or fax number as may be designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently
    provided to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other
    communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business
    day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (l) business day after delivery
    to an overnight courier service or five (5) days after mailing if sent by mail.

   

  10.          Construction.
    THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK.

   

  11.          Severability.
    Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be
    ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
    such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other
    jurisdiction.

   

  12.          Trust
      Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim
    of any kind (“Claim”) in or to any distribution of or from the trust account to be established in which proceeds
    of the IPO (including the deferred underwriters discounts and commissions) and proceeds of the sale of the warrants issued in a
    private placement to occur in connection with the consummation of the IPO are to be deposited, as described in greater detail in
    the registration statement and prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, and
    hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason
    whatsoever.

   

  
  
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  13.          Amendment;
      Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of the
    Maker and the Payee.

   

  14.          Assignment.
    No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of
    law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required
    consent shall be void.

   

  [Signature page follows]

   

  
  
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  IN WITNESS WHEREOF,
    the Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the day and
    year first above written.

   

  	 	 	LEARN CW INVESTMENT CORPORATION
	 	 	a Cayman Islands exempted company
	 	 	 	 
	 	 	By:	/s/ Adam Fisher
	 	 	 	Name: Adam Fisher
	 	 	 	Title: Authorized Signatory
	 	 	 	 
	Agreed and Acknowledged:	 	 	 
	 	 	 	 
	CWAM LC SPONSOR LLC	 	 	 
	a Delaware limited liability company	 	 	 
	 	 	 	 	 
	By:	/s/ Adam Fisher	 	 	 
	 	Name: Adam Fisher	 	 	 
	 	Title: Authorized Signatory	 	 	 

   

  Signature Page to Promissory Note

   

  
  
    	 		 

  

  
     

  

  
  

   

  SCHEDULE OF BORROWINGS

   

  The following increases or decreases in
    this Promissory Note have been made:

   

  	Date of Increase or

          Decrease	 	Amount of decrease in

          Principal Amount of this

          Promissory Note	 	Amount of increase in 

          Principal Amount of this

          Promissory Note	 	Principal Amount of this

          Promissory Note

          following such decrease 

          or increase

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