Document:

Exhibit 10.11
SECOND ESCROW AGREEMENT
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SECOND ESCROW AGREEMENT, made as of the 16th day of September, 2022, by and among TREES Corporation, a Colorado corporation (the “Company”), and the persons and entities identified on the signature page hereof (each individually a “Purchaser,” and collectively, the “Purchasers”), and TCM Tactical Opportunities Fund II LP (as “Lead Investor"), and Day & Associates, LLC (hereinafter the “Escrow Agent”).
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W I T N E S S E T H:
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WHEREAS, The Company has issued and delivered Senior Secured Convertible Promissory Notes of even date herewith in the principal amount of $10,443,223.00 (“Notes”) to the Lead Investor pursuant to that certain Securities Purchase Agreement by and among the Company and the Lead Investor (“SPA”); and
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WHEREAS, the SPA contemplates, and the parties so desire, that portions of the principal of the Notes be held in escrow and released therefrom as set forth herein. 
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NOW THEREFORE, in consideration of the foregoing recitals, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company, the Purchasers and the Escrow Agent hereby agree as follows:
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ARTICLE 1
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TERMS OF THE ESCROW
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	1.1	Establishment of Escrow; Deposit of Escrowed Funds.  Upon the date hereof, the following amounts shall be deposited into escrow by the Purchasers into an account maintained by the Escrow Agent (“Escrow Account”) with the Escrow Agent acting as escrow agent in respect thereof and having sole signature authority with respect thereto at all times throughout the term hereof (collectively referred to herein as the “Escrowed Funds”):

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		a.	An amount equal to $2,500,000 (“Green Tree Escrow”)

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		b.	An amount equal to $1,200,000 (“Second Acquisition Escrow”) 

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Escrow Agent shall deliver monthly bank statements to the Company and the Lead Investor showing the current balance and all transactions in the Escrow Account.
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	1.2	Release of Escrowed Funds.

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		a.	The Green Tree Escrow shall be released from the Escrow Account as follows:

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		(i)	An amount equal to $1,500,000 of the Green Tree Escrow (“Green Tree Cash Consideration”) shall be released from the Escrow Account and delivered to the Green Tree Sellers (as hereinafter defined) as directed thereby, no later than three (3) business days after receipt of joint written instructions from the Company and the Lead Investor that the closing of the Green Tree Acquisition is imminent and that the funds should be released.  In the event of multiple Closings of the Green Tree Acquisition on different dates, the Green Tree Cash Consideration shall be released after the Closing of both the Ancient Alternatives LLC and Natural Alternatives For Life, LLC transactions. If the Closing of these two acquisitions does not occur by June 30, 2023, the Green Tree Cash Consideration (or any portion thereof not previously delivered to the Green Tree Sellers) shall be remitted to the Purchaser promptly thereafter unless the Lead Investor agrees to extend the escrow period for all Purchasers.  

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		(ii)	The remaining $1,000,000 of the Green Tree Escrow shall be released from the Escrow Account and delivered to the Company within three (3) business days following the Closing of the Green Tree Acquisition, which for greater clarity means the Closing of all five of the acquisitions contemplated thereby.

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		b.	The Second Acquisition Escrow shall be released from the Escrow Account and delivered to the Company after payment of the Green Tree Cash Consideration pursuant to the Green Tree Escrow and not later than three (3) business days after receipt of joint written instructions from the Company and the Lead Investor that the closing of the Second Acquisition is imminent and that the funds should be released.  If the Second Acquisition does not close by September 30, 2023, the Second Acquisition Escrow funds shall be remitted to the Purchaser promptly thereafter unless the Lead Investor agrees to extend the escrow period. 

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		c.	Definitions:

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		(i)	“Green Tree Acquisition” means acquisition by the Company of all or substantially all of the assets of Ancient Alternatives LLC, Natural Alternatives For Life, LLC, Mountainside Industries, LLC, Hillside Enterprises, LLC, and GT Creations, LLC, each a Colorado limited liability company (“Green Tree Sellers”).

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		(ii)	“Second Acquisition” means acquisition by the Company of all or substantially all of the assets of a separate cannabis dispensary currently under consideration, or a substantially similar transaction with another seller or sellers.

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		(iii)	“Closing” for purposes of Section 1.2(a) and (b) shall mean the time when the state and local licenses as set forth on Schedule 1.1 hereof required to run the entity being acquired have transferred to and been accepted by the Company.

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	1.3	Written Consent for Release of Escrowed Funds.  The Escrowed Funds shall only be released from the Escrow Account as set forth above.  The Escrow Agent shall require a written notice of consent from the Lead Investor prior to releasing any Escrowed Funds to the Company.  The Purchasers hereby authorize the Lead Investor to make any and all decisions related to the release of funds authorized pursuant hereto.  Each Purchaser, other than the Lead Investor, expressly waives any right to direct the distribution or release of the Escrowed Funds, and the Escrow Agent is authorized to act upon the instructions of the Lead Investor on behalf of all of the Purchasers in all cases. 

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ARTICLE 2
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MISCELLANEOUS
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	2.1	Waiver.  No waiver or any breach of any covenant or provision contained herein shall be deemed a waiver of any preceding or succeeding breach thereof, or of any other covenant or provision herein contained.  No extension of time for performance of any obligation or act shall be deemed any extension of the time for performance of any other obligation or act.

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	2.2	Notices.  Any notices, consents, waivers or other communications required or permitted to be given hereunder must be in writing and will be deemed to have been given (i) upon receipt, when delivered personally or via email to the email address designated below; (ii) three days after being sent by U.S. certified mail, return receipt requested; or (iii) one day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to receive the same. The addresses for such communications shall be:

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TREES Corporation 
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Attention: David R. Fishkin, General Counsel
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	The addresses for such communications shall be:
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If to the Company:
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TREES Corporation 
1901 S. Navajo Street
Denver, CO 80223
Attention: David R. Fishkin, General Counsel
dfishkin@treescann.com
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If to the Purchasers: 
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To the address of each Purchaser as set forth on the signature page hereto.
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If to the Escrow Agent:
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	Day & Associates, LLC
2 Hudson Place, Suite 100
Hoboken, NJ 07030
Attn:  Nicholas Day, Esq.
nday@nickdaylaw.com
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A party hereto may from time to time change its address or e-mail for notices under this Section by giving at least five (5) days’ prior written notice of such changed address to the other parties hereto.
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	2.3	Binding Effect.  This Escrow Agreement shall be binding upon and shall inure to the benefit of the permitted successors and assigns of the parties hereto.

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	2.4	Entire Agreement.  This Escrow Agreement is the final expression of, and contains the entire agreement among the parties with respect to the subject matter hereof and supersedes all prior understandings with respect thereto.  

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	2.5	Singular/Plural.  Whenever required by the context of this Escrow Agreement, the singular shall include the plural and masculine shall include the feminine.  This Escrow Agreement shall not be construed as if it had been prepared by one of the parties, but rather as if both parties had prepared the same.  Unless otherwise indicated, all references to Articles are to this Escrow Agreement.

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	2.6	Governing Law; Jurisdiction.  This Escrow Agreement will be construed and enforced in accordance with and governed by the laws of the State of New York, without reference to principles of conflicts or choice of law thereof.  Each of the parties consents to the jurisdiction of the state courts of the State of New York sitting in Manhattan in connection with any dispute arising under this Escrow Agreement and hereby waives, to the maximum extent permitted by law, any objection, including any objection based on forum non conveniens, to the bringing of any such proceeding in such jurisdictions.  Each party hereby agrees that if another party to this Escrow Agreement obtains a judgment against it in such a proceeding, the party which obtained such judgment may enforce same by summary judgment in the courts of any country having jurisdiction over the party against whom such judgment was obtained, and each party hereby waives any defenses available to it under local law and agrees to the enforcement of such a judgment.  Each party to this Escrow Agreement irrevocably consents to the service of process in any such proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, to such party at its address set forth herein.  Nothing herein shall affect the right of any party to serve process in any other manner permitted by law. Each party waives its right to a trial by jury.  The parties acknowledge and agree that by signing this Agreement, they waive any right to, and will not, raise as a defense that the Agreement included terms that violated federal cannabis laws and should therefore be null and void. This waiver of 

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		illegality defense clause also waives the ability for a party to claim the contract is null and void due to any public policy consideration.

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	2.7	Amendment; Successor Escrow Agent.  This Escrow Agreement may be altered or amended only with the consent of all of the parties hereto.  Should the Company or the Purchasers attempt to change this Escrow Agreement in a manner which, in the Escrow Agent's sole discretion, shall be undesirable, the Escrow Agent may resign as Escrow Agent by notifying the Company and the Purchasers in writing.  In the case of the Escrow Agent's resignation or removal pursuant to the foregoing, its only duty, until receipt of notice from the Company and the Purchasers or its agent that a successor escrow agent shall have been appointed, shall be to hold and preserve the funds.  Upon receipt by the Escrow Agent of said notice from the Company and the Purchasers of the appointment of a successor escrow agent, the name of a successor escrow account and a direction to transfer the Escrowed Funds, the Escrow Agent shall promptly thereafter transfer (or arrange for the same) all of the Escrowed Funds held in escrow to said successor escrow agent.  Immediately after said transfer, the Escrow Agent shall furnish the Company and the Purchasers with proof of such transfer.  The Escrow Agent is authorized to disregard any notices, requests, instructions or demands received by it from the Company or the Purchasers after notice of resignation or removal shall have been given, unless the same shall be the aforementioned notice from the Company and the Purchasers to transfer the funds to a successor escrow agent or to return same to the respective parties.

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	2.8	Expenses.  The Escrow Agent shall be reimbursed by the Company and the Purchasers for any reasonable expenses incurred in the event there is a conflict between the parties and the Escrow Agent shall deem it necessary to retain counsel.

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	2.9	No Liability.  The Escrow Agent shall not be liable for any action taken or omitted by it in good faith in accordance with the advice of the Escrow Agent's counsel; and in no event shall the Escrow Agent be liable or responsible except for the Escrow Agent's own gross negligence or willful misconduct.  The Escrow Agent in its capacity as such has no liability hereunder to any party hereto other than to hold the Escrowed Funds (or arrange for the same) and to deliver them (or arrange for the same) under the terms hereof.  The Escrow Agent and its designees, and their respective directors, officers, partners, employees, attorneys and agents, shall be indemnified, reimbursed, held harmless and, at the request of the Escrow Agent, defended by the Company and the Purchasers, jointly and severally, from and against any and all claims, liabilities, losses and expenses (including, without limitation, the disbursements, expenses and fees of their respective attorneys) that may be imposed upon, incurred by, or asserted against any of the Escrow Agent and its designees, or any of their respective directors, officers, partners, employees, attorneys or agents, arising out of or related directly or indirectly to this Escrow Agreement or any Escrowed Funds or documents, except such as are occasioned by the indemnified person's own acts and omissions breaching a duty owed to the claimant and amounting to gross negligence or willful misconduct as finally determined pursuant to applicable law by a governmental authority having jurisdiction.

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	2.10	Conflicting Demands.  If conflicting or adverse claims or demands are made or notices served upon the Escrow Agent with respect to the escrow provided for herein, the Company and the Purchasers agree that the Escrow Agent shall be entitled to refuse to comply with any such claim or demand and to withhold and stop all further performance of this escrow so long as such disagreement shall continue.  In so doing, the Escrow Agent shall not be or become liable for damages, losses, expenses or interest to the Company or any Purchaser or any other person for its failure to comply with such conflicting or adverse demands.  The Escrow Agent shall be entitled to continue to so refrain and refuse to so act until:  (a) the rights of the adverse claimants have been finally adjudicated in a court assuming and having jurisdiction and venue over the parties and/or the documents, instruments or funds involved herein or affected hereby; and/or (b) the Escrow Agent shall have received an executed copy of a dispositive settlement agreement to which the Company, the Purchasers and all other adverse claimants, if any, are parties and signatories; and/or (c) the Escrow Agent has received instructions signed by the Company and the Lead Investor to transfer the Escrow Funds to a third party pursuant to a new escrow arrangement that has been approved by the Company and the Lead Investor.  The Escrow Agent also may elect to commence an interpleader or other action for declaratory judgment for the purpose of having the respective rights of the claimants adjudicated, and may deposit with the court all funds and documents held hereunder pursuant to this Escrow Agreement; and if it so commences and deposits, the Escrow Agent shall be relieved and discharged from any further duties and obligations under this Escrow Agreement.  The Company and the Purchasers agree to pay jointly and severally all costs, expenses and attorneys' fees and expenses incurred by the Escrow Agent in seeking any such judgment.  The Company and the Lead Investor may also elect to change the escrow agent at any time, and the Escrow Agent shall comply with such request and authorize the transfer of funds to the new escrow agent promptly upon receipt of joint instructions from the Company and the Lead Investor to do so.

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	2.11	Reliance.  The Escrow Agent shall be entitled to rely upon any notice, consent, certificate, affidavit, statement, paper, document, writing or communication (which to the extent permitted hereunder may be by telegram, cable, telex, email, facsimile, or telephone) reasonably believed by it to be genuine and to have been signed, sent or made by the proper person or persons, and upon opinions and advice of legal counsel (including himself or counsel for any party hereto), independent public accountants and other experts selected by the Escrow Agent.

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	2.12	Escrow Agent’s Relationship.  The Escrow Agent is acting under this Escrow Agreement as a stakeholder only and shall be considered an independent contractor with respect to the Company and each Purchaser.  No term or provision of this Escrow Agreement is intended to create, nor shall any such term or provision be deemed to have created, any principal-agent, trust, joint venture, partnership, debtor-creditor or attorney-client relationship between or among the Escrow Agent and any of the Company and the Purchasers.  This Escrow Agreement shall not be deemed to prohibit or in any way restrict the Escrow Agent's representation of the Lead Investor, which may be advised by the Escrow Agent on any and all matters, including matters pertaining to the Agreement, this 

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		Escrow Agreement and the Escrowed Funds and documents.  Each Purchaser and the Company hereby waive any conflict of interest and irrevocably authorizes and directs the Escrow Agent to carry out the terms and provisions of this Escrow Agreement fairly as to all parties, without regard to any such representation and irrespective of the impact upon the Company or any Purchaser.  The Escrow Agent's only duties are those expressly set forth in this Escrow Agreement, and the Company and each Purchaser authorizes the Escrow Agent to perform those duties in accordance with its usual practices in holding funds and documents of its own or those of other escrows.  The Escrow Agent may exercise or otherwise enforce any of its rights, powers, privileges, remedies and interests under this Escrow Agreement and applicable law or perform any of its duties under this Escrow Agreement by or through its directors, officers, partners, employees, attorneys, agents or designees.

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	2.13	Waiver of Liability.  The Escrow Agent and its designees, and their respective directors, officers, partners, employees, attorneys and agents, shall not incur any liability whatsoever for the investment or disposition of funds, the holding or delivery of documents or the taking of any other action in accordance with the terms and provisions of this Escrow Agreement, for any mistake or error in judgment, for compliance with any applicable law or any attachment, order or other directive of any court or other authority (irrespective of any conflicting term or provision of this Escrow Agreement), or for any act or omission of any other person engaged by the Escrow Agent in connection with this Escrow Agreement; and the Company and each Purchaser hereby waives any and all claims and actions whatsoever against the Escrow Agent and its designees, and their respective directors, officers, partners, employees, attorneys and agents, arising out of or related directly or indirectly to any and all of the foregoing acts, omissions and circumstances.  Furthermore, the Escrow Agent and its designees, and their respective directors, officers, partners, employees, attorneys and agents, shall not incur any liability (other than for a person's own acts or omissions breaching a duty owed to the claimant and amounting to gross negligence or willful misconduct as finally determined pursuant to applicable law by a governmental authority having jurisdiction) for other acts and omissions arising out of or related directly or indirectly to this Escrow Agreement or the escrowed funds or documents; and the Company and each Purchaser hereby expressly waives any and all claims and actions (other than those attributable to a person's own acts or omissions breaching a duty owed to the claimant and amounting to gross negligence or willful misconduct as finally determined pursuant to applicable law by a governmental authority having jurisdiction) against the Escrow Agent and its designees, and their respective directors, officers, partners, employees, attorneys and agents, arising out of or related directly or indirectly to any and all of the foregoing acts, omissions and circumstances.  Notwithstanding anything to the contrary stated herein or any interpretation thereof, the Escrow Agent shall be responsible for any act or omission that constitutes his or his agent’s gross negligence, willful misconduct, or direct contravention of the terms of this Agreement or a joint directive of the Lead Investor and the Company authorized hereby.

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[Signatures pages follow immediately]

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IN WITNESS WHEREOF, intending to be legally bound, the parties hereto have caused this Agreement to be executed as of the date set forth above.
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	TREES CORPORATION

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	By:
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	Name:
	Adam Hershey

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	Title:
	Interim Chief Executive Officer

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	Lead Investor

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	TCM Tactical Opportunities Fund II LP

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	By:
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	Name:
	Douglas Troob

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	Title:
	Managing Partner

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	Escrow Agent:
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	Day & Associates, LLC
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	By:
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	Nicholas Day, Esq.
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	Managing Member
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Purchasers:
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	Individual Purchasers:
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Name:
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Entity Purchasers:
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Name of Entity
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By:___________________________________
Name:
Title:
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Schedule 1.1.
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Natural Alternatives for Life, LLC – State Medical Cultivation 403-01331
Natural Alternatives for Life, LLC – Berthoud Medical Cultivation
Natural Alternatives for Life, LLC - State Medical Dispensary 402-00859
Natural Alternatives for Life, LLC – Berthoud Medical Dispensary
Natural Alternatives for Life, LLC - State Retail Dispensary 402R-00771
Natural Alternatives for Life, LLC - Berthoud Retail Dispensary
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Ancient Alternatives, LLC - State Medical Dispensary 402-01085
Ancient Alternatives, LLC - Boulder County Medical Dispensary MMB-15-0001
Ancient Alternatives, LLC - State Retail Dispensary 402R-00535
Ancient Alternatives, LLC - Boulder County Retail Dispensary RMB-15-0013
Ancient Alternatives, LLC – State Medical Cultivation 403-01685
Ancient Alternatives, LLC - Boulder County Medical Cultivation MMB-12-0036
Ancient Alternatives, LLC – State Retail Cultivation 403R-00693
Ancient Alternatives, LLC - Boulder County Retail Cultivation RMB-16-0001

-11-Exhibit 10.12
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CONSULTING AGREEMENT
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This Consulting Agreement (“Agreement”) dated as of September 16, 2022, is entered into by and between TREES Corporation, having an address at 1901 S. Navajo Avenue, Denver, CO 80223 (the “Company”), and Hershey Management 1, LLC, having an address at 6 Pompano Road, Rumson, NJ 07760 (“Consultant”).
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WHEREAS, Consultant has served as the Interim Chief Executive Officer of the Company since May 2021; and
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WHEREAS, the Company desires to continue to retain Consultant, and Consultant desires to be so retained, in such capacity as set forth in this Agreement.
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NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties agree as follows:
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		1.
	Agreement to Provide Services; Reimbursement of Expenses.  The Company hereby agrees to continue retaining Consultant, and Consultant hereby agrees to continue to serve, as the Interim Chief Executive Officer of the Company for the Term (as defined in Section 5 below), in accordance with the terms and conditions set forth below and as further specified in this Agreement (the “Services”).

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		2.
	Board of Directors.  Consultant shall report directly to the Board of Directors of the Company (“Board”) or Chairman thereof.

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	Compensation.  In consideration for the Services to be provided under this Agreement by Consultant, the Company hereby agrees to pay Consultant a consulting fee equal to $200,000 per annum, payable in equal monthly installments.

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		4.
	Limitation of Liability.  The Company’s liability hereunder shall be limited to payment to Consultant of the amount as set forth above pursuant to this Agreement.  All liability relating to withholding and payment of taxes and similar charges related to such compensation shall be Consultant’s sole responsibility.

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		5.
	Term.  This Agreement shall remain in full force and effect for a term of one (1) year to commence effective as of the date hereof (the “Initial Term”).  The Initial Term will automatically renew for successive six-month periods unless either party provides written notice of termination not less than sixty (60) days in advance of the expiration thereof.  The Initial Term and any such extensions are hereby referred to as the “Term.”

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		6.
	Compliance with the Company’s Instructions.  In his performance of the Services, Consultant shall comply with such reasonable instructions as the Board may from time to time submit to Consultant.

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		7.
	Standard of Performance.  Consultant will perform the Services in a good and workmanlike manner, and in accordance with the highest professional standards and practices normally exercised by professional consultants performing services of a similar nature.  Consultant shall also conduct his activities in accordance with all relevant laws, regulations, decrees and/or official government rules and orders.

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		8.
	Confidentiality; Work Product.

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		a.
	Consultant acknowledges that the continued success of the Company and its subsidiaries and affiliates, depends upon the use and protection of a large body of confidential, proprietary, and/or trade secret information. All such confidential, proprietary and trade secret information now existing or developed during the term of Consultant's consultancy hereunder will be referred to in this Agreement as "Confidential Information." Confidential Information will be interpreted broadly to include all information of any sort (whether embodied in a tangible or intangible form) that is (i) related to the Company's or its subsidiaries' business and (ii) not generally or publicly known. Confidential Information includes, without specific limitation, the information, observations and data obtained by Consultant during the course of his performance under this Agreement concerning the business and affairs of the Company and its Subsidiaries and affiliates, information concerning acquisition opportunities in or reasonably related to the Company' or its subsidiaries' or affiliates' business or industry of which Consultant becomes aware during Consultant's consultancy with the Company, the persons or entities that are current, former or prospective suppliers or customers of any one or more of them during Consultant's course of performance under this Agreement, as well as development, transition and transformation plans, methodologies and methods of doing business, strategic, marketing and expansion plans, including plans regarding planned and potential sales, financial and business plans, confidential Consultant lists and contact information, compensation and incentive structures and strategies, confidential information concerning sales, including volumes, pricing, and margins, new and existing programs and services, prices and terms, customer service, integration processes, requirements and costs of providing service, support and equipment. Therefore, Consultant agrees that he shall not disclose to any unauthorized person or use for her own account any of such Confidential Information without the Board’s prior written consent, unless and to the extent that any Confidential Information (i) becomes generally known to and available for use by the public other than as a result of Consultant's improper acts or omissions to act; (ii) was independently developed by Consultant without reference to any Confidential Information; (iii) was furnished or disclosed to the Consultant by a third party under circumstances where Consultant believed, after reasonable inquiry, that such third party was free of any obligation of confidentiality regarding the Confidential Information; or (iv) is required to be disclosed pursuant to any applicable law, regulation or court order. Consultant agrees that he shall not disclose any Confidential Information after his consultancy ends. If requested by the Company in writing, Consultant agrees to deliver to the Company at the end of Consultant's consultancy with the Company, or at any other time the Company may request, all memoranda, notes, plans, records, reports and other documents (and copies thereof and all electronic data residing on any electronic device) relating to the business of the Company or its Subsidiaries or affiliates (including, without limitation, all Confidential Information) that he may then possess or have under his control, provided that Consultant may retain copies of Consultant's personnel information, such as performance evaluations, payroll information and the like.

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		b.
	Consultant shall promptly notify the Company of any intended or unintended, unauthorized disclosure or use of any trade secrets or Confidential Information by Consultant or any other person or entity of which Consultant becomes aware. Consultant shall cooperate fully with the Company in the procurement of any protection of the Company’s rights to or in any of the trade secrets or Confidential Information.

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		c.
	Upon reasonable request by Company, Consultant shall execute a separate agreement between the parties hereto made a part hereof covering, among other things, non-disclosure and assignment of inventions.

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		9.
	Termination of Services.   Promptly upon the termination of this Agreement, Consultant shall deliver to the Company all originals and copies of all records and work product obtained or generated by Consultant in the course of performing the Services, and will promptly deliver to the Company (or at the Company’s request, destroy) all of the confidential information in Consultant’s possession, including, but not limited to, all copies, reproductions, summaries, analyses or extracts thereof or based thereon stored in any medium whatsoever, including, but not limited to, the hard drives of any computer system; provided, that Consultant shall be permitted to retain a list of the items furnished for purposes of documenting such delivery, and provided further that Consultant shall be entitled to retain his own records of invoices submitted and payments received with respect to such Services.

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		10.
	Equitable Remedies. Consultant acknowledges and agrees that this Agreement involves valuable trade secret and other proprietary rights of the Company and that the Company’s remedies at law for any breach or threatened breach by Consultant of the covenants contained herein will be inadequate, and, accordingly, Consultant consents that, in addition to such other remedies as may be available to the Company at law or in equity, the Company shall be entitled to seek equitable relief by way of injunction issued by any court of competent jurisdiction, without bond or other security, if Consultant breaches or threatens to breach any of the provisions of this Agreement.  Furthermore, Consultant agrees that any and all work product, including, but not limited to, documents, computer software, files, recordings, and photographs relating thereto, which Consultant may possess or have under its custody or control, are held by Consultant in constructive trust for the Company, and that any court of competent jurisdiction may summarily liquidate such trust on behalf of the Company.

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		11.
	Governing Law; Jurisdiction.  This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado without giving effect to principles of conflicts or choice of laws thereof; federal and state courts located in the State of Colorado shall have exclusive jurisdiction with respect to any dispute or proceeding arising out of or relating to this Agreement, and the Company and Consultant hereby submit to the exclusive jurisdiction of such courts.

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		12.
	Notices.  All notices to be provided pursuant to this Agreement (and any consents permitted by the terms of this Agreement) shall be in writing and delivered by hand, or sent by overnight courier or registered mail, return receipt requested to the address as set forth on the first page of this Agreement or such other address as may be properly noticed; or via email.

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		13.
	Successors and Assigns.  It is understood and agreed by the parties hereto that the Services to be provided by Consultant hereunder are personal to Consultant, and that Consultant shall not be entitled to assign his rights or obligations hereunder without having obtained the Company’s prior written consent thereto.  This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, including in the case of individuals, their heirs, executors and administrators.

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		14.
	Amendment.  Except by an instrument in writing signed by the parties, this Agreement may not be amended or modified in any respect, except as expressly provided herein.

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	Entire Agreement.  This Agreement sets forth the entire agreement of the parties hereto as to the subject matter hereof and supersedes all previous agreements between the parties, whether written, oral or otherwise.

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		16.
	No Waiver.  It is understood and agreed that no failure or delay by a party in exercising any right, power or privilege hereunder shall operate as a waiver thereof by such party, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any right, power or privilege hereunder.

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		17.
	Relationship Between Consultant and the Company.  The relationship of Consultant to the Company under this Agreement shall be that of independent contractor.  No provision of this Agreement is intended to or shall be construed as creating an employment, mutual agency, joint venture, partnership or other fiduciary relationship between the parties hereto, or as entitling Consultant or any of his agents or affiliates to any compensation or benefits as an employee, except as expressly provided in this Agreement.  The Company expressly agrees and acknowledges that Consultant is permitted to commence or continue with other business activities, provided such activities do not conflict with this Agreement.

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		18.
	Signing in Counterparts; Email Delivery.  This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same document.  Transmission by email scan shall be sufficient for delivery hereof.

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[Signature Page follows immediately]
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first written above.
​
​
	

	

	​

	​

	​
	TREES CORPORATION

		     

		By:
	
			Name:
	David R. Fishkin

			Title:
	General Counsel

	​
	​

	​
	​

	​
	Hershey Management 1, LLC

		   

		By:
	
			Name:
	Adam Hershey

			Title:
	Managing Member

​

5

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