Document:

Exhibit 10.2

 

Final
Form

 

EXHIBIT
C

 

FORM
OF NON-COMPETITION AND NON-SOLICITATION AGREEMENT

 

THIS
NON-COMPETITION AND NON-SOLICITATION AGREEMENT (this “Agreement”) is being executed and delivered as
of [●], 2017, by [●] (“Owner”), in favor of and for the benefit of Origo Acquisition
Corporation, a Cayman Islands company (including any successor entity thereto, “OAC”), and each
of OAC’s present and future Affiliates, successors and direct and indirect Subsidiaries, including after the Merger (as
defined below), the Company (as defined below) and its Subsidiaries (collectively, the “Covered Parties”).
Any capitalized term used, but not defined in this Agreement will have the meaning ascribed to such term in the Merger Agreement
(as defined below).

 

WHEREAS,
OAC, Hightimes Holding Corp., a Delaware corporation (the “Company”), HTHC Merger Sub, Inc., a Delaware
corporation and a wholly-owned subsidiary of OAC (“Merger Sub”), and Jose Aldeanueva, solely in the
capacity thereunder as the OAC Representative (including any successor OAC Representative appointed pursuant to and in accordance
with the Merger Agreement, the “OAC Representative”), are parties to that certain Merger Agreement,
dated as of July 24, 2017 (as amended from time to time in accordance with the terms thereof, the “Merger Agreement”),
pursuant to which Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity (the “Merger”),
and as a result of which, among other matters, all of the issued and outstanding capital stock of the Company and Company Common
Stock Equivalent Securities as of the Effective Time shall no longer be outstanding and shall automatically be cancelled and shall
cease to exist, in exchange for the right to receive, or otherwise convert into, the Merger Consideration or other consideration
(including OAC Assumed Options) as set forth in the Merger Agreement, all upon the terms and subject to the conditions set forth
in the Merger Agreement and in accordance with the applicable provisions of the DGCL;

 

WHEREAS,
Owner is an equity holder of the Company;

 

WHEREAS,
the Company, indirectly through its Subsidiaries, is engaged in the business of (i) paper and electronic publications relating
to cannabis and recreational drug use, (ii) the production of trade shows, festivals and events relating to the cannabis and recreational
drug use industry, including the “High Times Cannabis Cup”, and (iii) licensing and branding the “High Times”
name and similar names (the “Business”);

 

WHEREAS,
in connection with, and as a condition to consummation of the transactions contemplated by the Merger Agreement (the “Transactions”),
and to enable OAC to secure more fully the benefits of the Transactions, including the protection and maintenance of the goodwill
and confidential information of the Company and its Subsidiaries, OAC has required that Owner enter into this Agreement;

 

WHEREAS,
Owner is entering into this Agreement in order to induce OAC to consummate the Transactions, pursuant to which Owner will directly
or indirectly receive a material benefit;

 

WHEREAS,
Owner, as an equity holder and/or officer and/or employee of the Company and/or its Subsidiaries, has contributed to the value
of the Company and has obtained extensive and valuable knowledge and confidential information concerning the business of the Company
and its Subsidiaries; and

 

    	

     

    

 

NOW,
THEREFORE, in order to induce OAC to consummate the Transactions, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Owner hereby agrees as follows:

 

1.     
     Restriction on Competition.

 

(a)          Restriction.
Owner hereby agrees that during the period from the Closing until the third (3rd) anniversary of the Closing (the “Restricted
Period”), Owner will not, and will cause its Affiliates not to, without the prior written consent of OAC (which
may be withheld in its sole discretion), anywhere within the United States or any other markets in which the Company or its Subsidiaries
operates the Business as of the Closing Date (the “Territory”), directly or indirectly engage in the
Business as conducted by the Company and its Subsidiaries as of the Closing (other than through a Covered Party) or own, manage,
finance or control, or participate in the ownership, management, financing or control of, or become engaged or serve as an officer,
director, member, partner, employee, agent, consultant, advisor or representative of, a business or entity (other than a Covered
Party) that engages in the Business (a “Competitor”). Notwithstanding the foregoing, Owner and its Affiliates
may:

 

(i)          directly
or indirectly engage in any business, or own, manage, finance or control, or participate in the ownership, management, financing
or control of, or become engaged or serve as an officer, director, member, partner, employee, agent, consultant, advisor or representative
of, a business or entity, that consists of the cultivation and dispensing of cannabis or the production, purchase, sale or distribution
of products or services (other than those specifically included in the definition of the Business) offered or sold to any person
or entity engaged in the cultivation, dispensing or use of cannabis; or

 

(ii)          own
passive portfolio company investments of not more than four and 99/100 percent (4.99%) beneficial ownership of any class of outstanding
capital stock of a Competitor that is publicly traded on a national stock exchange, so long as Owner and its Affiliates are not
involved in the management or control of such Competitor.

 

(b)          Acknowledgment.
Owner acknowledges and agrees, based upon the advice of legal counsel and/or Owner’s own education, experience and training,
that (i) Owner possesses knowledge of confidential information of the Company and its Subsidiaries and the Business, (ii) because
of Owner’s education, experience and capabilities, the provisions of this Agreement will not prevent Owner from earning
a livelihood, (iii) Owner’s execution of this Agreement is a material inducement to OAC to consummate the Transactions and
to realize the goodwill of the Company and its Subsidiaries, for which Owner will receive a substantial direct or indirect financial
benefit, and that OAC would not have consummated the Transactions but for Owner’s agreements set forth in this Agreement;
(iv) it would impair the goodwill of the Covered Parties and reduce the value of the assets of the Covered Parties and cause serious
and irreparable injury to the Covered Parties if Owner were to use its ability and knowledge by engaging in the Business in competition
with a Covered Party, and/or to otherwise breach the obligations contained herein and that the Covered Parties would not have
an adequate remedy at law because of the unique nature of the Business, (v) Owner has no intention of engaging in the Business
in the Territory during the Restricted Period (other than on behalf of the Covered Parties), (vi) the relevant public policy aspects
of restrictive covenants, covenants not to compete and non-solicitation provisions have been discussed, and every effort has been
made to limit the restrictions placed upon Owner to those that are reasonable and necessary to protect the Covered Parties’
legitimate interests, (vii) the Covered Parties conduct and intend to conduct the Business everywhere in the Territory where legally
permitted under applicable state laws and compete with other businesses that are or could be located in any part of the Territory
where legally permitted under applicable state laws, (viii) the foregoing restrictions on competition are fair and reasonable
in type of prohibited activity, geographic area covered, scope and duration, (ix) the consideration provided to Owner under this
Agreement and the Merger Agreement is not illusory, and (x) such provisions do not impose a greater restraint than is necessary
to protect the goodwill or other business interests of the Covered Parties.

 

    	2

     

    

 

2.       
   No Solicitation; No Disparagement.

 

(a)          No
Solicitation of Employees and Consultants. Owner agrees that, during the Restricted Period, Owner will not, without the prior
written consent of OAC (which may be withheld in its sole discretion), either on its own behalf or on behalf of any other Person
(other than, if applicable, a Covered Party in the performance of Owner’s duties on behalf of the Covered Parties), directly
or indirectly: (i) hire or engage as an employee, independent contractor, consultant or otherwise any Covered Personnel (as defined
below); (ii) solicit, induce, encourage or otherwise cause (or attempt to do any of the foregoing) any Covered Personnel to leave
the service (whether as an employee, consultant or independent contractor) of any Covered Party; or (iii) in any way interfere
with or attempt to interfere with the relationship between any Covered Personnel and any Covered Party; provided, however,
Owner will not be deemed to have violated this Section 2(a) if any Covered Personnel voluntarily and independently solicits
an offer of employment from Owner (or other Person whom Owner is acting on behalf of) by responding to a general advertisement
or solicitation program conducted by or on behalf of Owner (or such other Person whom Owner is acting on behalf of) that is not
targeted at such Covered Personnel or Covered Personnel generally, so long as such Covered Personnel is not hired. For purposes
of this Agreement, “Covered Personnel” means any Person who is or was an employee, consultant or independent
contractor of a Covered Party as of the date of the relevant act prohibited by this Section 2(a) or during the one (1)
year period preceding such date.

 

(b)          Non-Solicitation
of Customers and Suppliers. Owner agrees that, during the Restricted Period, Owner will not, without the prior written consent
of OAC (which may be withheld in its sole discretion), individually or on behalf of any other Person (other than, if applicable,
a Covered Party in the performance of Owner’s duties on behalf of the Covered Parties), directly or indirectly: (i) solicit,
induce, encourage or otherwise cause (or attempt to do any of the foregoing) any Covered Customer (as defined below) to (A) cease
being, or not become, a client, customer or advertiser of any Covered Party or (B) reduce the amount of business of such Covered
Customer with any Covered Party, or otherwise alter such business relationship in a manner adverse to any Covered Party; (ii)
interfere with or disrupt (or attempt to interfere with or disrupt) the contractual relationship between any Covered Party and
any Covered Customer; (iii) divert any business with any Covered Customer from a Covered Party; (iv) solicit for business, provide
services to, engage in or do business with, any Covered Customer for products or services that are part of the Business; or (v)
interfere with or disrupt (or attempt to interfere with or disrupt), any Person that was a vendor, supplier, distributor, agent
or other service provider of a Covered Party at the time of such interference or disruption, for a purpose competitive with a
Covered Party. For purposes of this Agreement, a “Covered Customer” means any Person who is or was an
actual customer, client or advertiser (or prospective customer, client or advertiser with whom a Covered Party actively marketed
or made or took specific action to make a proposal) of a Covered Party, as of the date of the relevant act prohibited by this
Section 2(b) or during the one (1) year period preceding such date.

 

(c)          Non-Disparagement.
Owner agrees that, from and after the Closing, Owner will not directly or indirectly engage in any conduct that involves the making
or publishing (including through electronic mail distribution or online social media) of any written or oral statements or remarks
(including the repetition or distribution of derogatory rumors, allegations, negative reports or comments) that are disparaging,
deleterious or damaging to the integrity, reputation or good will of one or more Covered Parties or their respective management,
officers, employees, independent contractors or consultants. Notwithstanding the foregoing, subject to Section 3 below,
the provisions of this Section 2(c) shall not restrict Owner from providing truthful testimony or information in response
to a subpoena or investigation by a Governmental Authority or in connection with any legal action by Owner against any Covered
Party under this Agreement, the Merger Agreement or any other Ancillary Document that is asserted by Owner in good faith.

 

    	3

     

    

 

3.     
     Confidentiality. From and after the Closing, Owner will, and will cause its Representatives
to, keep confidential and not (except, if applicable, in the performance of Owner’s duties on behalf of the Covered
Parties) directly or indirectly use, disclose, reveal, publish, transfer or provide access to, any and all Covered Party
Information without the prior written consent of OAC (which may be withheld in its sole discretion). As used in this
Agreement, “Covered Party Information” means all material and information relating to the business,
affairs and assets of any Covered Party, including material and information that concerns or relates to such Covered
Party’s bidding and proposal, technical information, computer hardware or software, administrative, management,
operational, data processing, financial, marketing, sales, human resources, business development, leasing,
financing, strategic planning and/or other business activities, regardless of whether such material and information is
maintained in physical, electronic, or other form, that is: (A) gathered, compiled, generated, produced or maintained by such
Covered Party through its Representatives, or provided to such Covered Party by its suppliers, service providers, advertisers
or customers; and (B) intended and maintained by such Covered Party or its Representatives, suppliers, service providers,
advertisers or customers to be kept in confidence. Covered Party Information also includes information disclosed to any
Covered Party by third parties to the extent that a Covered Party has an obligation of confidentiality in connection
therewith. The obligations set forth in this Section 3 will not apply to any Covered Party Information where Owner can
prove that such material or information: (i) is known or available through other lawful sources not bound by a
confidentiality agreement with, or other confidentiality obligation, with respect to such material or information; (ii) is or
becomes publicly known through no violation of this Agreement or other non-disclosure obligation of Owner or any of its
Representatives; (iii) is already in the possession of Owner at the time of disclosure through lawful sources not bound by a
confidentiality agreement or other confidentiality obligation as evidenced by Owner’s documents and records; or (iv) is
required to be disclosed pursuant to an order of any administrative body or court of competent jurisdiction (provided that
(A) the applicable Covered Party is given reasonable prior written notice, (B) such Owner cooperates (and causes its
Representatives to cooperate) with any reasonable request of any Covered Party to seek to prevent or narrow such
disclosure and (C) if after compliance with clauses (A) and (B) such disclosure is still required, Owner and its
Representatives only disclose such portion of the Covered Party Information that is expressly required by such order, as it
may be subsequently narrowed).

 

4.    
      Notification to Subsequent Employer. Owner agrees that, during the Restricted Period,
any Covered Party may notify any Person employing or otherwise retaining the services of Owner or evidencing an intention of
employing or retaining the services of Owner the existence and provisions of this Agreement.

 

5.     
     Representations and Warranties. Owner hereby represents and warrants, to and for the
benefit of the Covered Parties, as of the date of this Agreement and as of the Closing, that: (a) Owner Party has full power
and capacity to execute and deliver, and to perform all of Owner’s obligations under, this Agreement; and (b) neither
the execution and delivery of this Agreement nor the performance of Owner’s obligations hereunder will result directly
or indirectly in a violation or breach of any agreement or obligation by which Owner is a party or otherwise bound. By
entering into this Agreement, Owner certifies and acknowledges that Owner has carefully read all of the provisions of this
Agreement, and that Owner voluntarily and knowingly enters into this Agreement.

 

6.    
      Remedies. The covenants and undertakings of Owner contained in this Agreement relate
to matters which are of a special, unique and extraordinary character and a violation of any of the terms of this Agreement
may cause irreparable injury to the Covered Parties, the amount of which may be impossible to estimate or determine and which
cannot be adequately compensated. Owner agrees that, in the event of any breach or threatened breach by Owner of any covenant
or obligation contained in this Agreement, each applicable Covered Party will be entitled to obtain the following remedies
(in addition to, and not in lieu of, any other remedy at law or in equity or pursuant to the Merger Agreement or the other
Ancillary Documents that may be available to the Covered Parties, including monetary damages), and a court of competent
jurisdiction may award an injunction, restraining order or other equitable relief restraining or preventing such breach or
threatened breach, without the necessity of proving actual damages or posting bond or security, which Owner expressly waives.
Owner hereby consents to the award of any of the above remedies to the applicable Covered Party in connection with any such
breach or threatened breach. Owner hereby acknowledges and agrees that in the event of any breach of this Agreement, any
value attributed or allocated to this Agreement (or any other non-competition agreement with Owner) under or in
connection with the Merger Agreement shall not be considered a measure of, or a limit on, the damages of the Covered
Parties.

 

    	4

     

    

 

7.     
     Survival of Obligations. The expiration of the Restricted Period will not relieve Owner of
any obligation or liability arising from any breach by Owner of this Agreement during the Restricted Period. Owner further
agrees that the time period during which the covenants contained in Section 1 and Section 2 of this Agreement
will be effective will be computed by excluding from such computation any time during which Owner is in violation of any
provision of such Sections.

 

8.       
   Miscellaneous.

 

(a)          Notices.
All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given
when delivered (i) in person, (ii) by facsimile or other electronic means, with affirmative confirmation of receipt, (iii) one
Business Day after being sent, if sent by reputable, nationally recognized overnight courier service or (iv) three (3) Business
Days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each case to the applicable
party at the following addresses (or at such other address for a party as shall be specified by like notice):

 

	If
                                         to OAC or any other Covered Party at or prior to the Closing, to:

         

        Origo
        Acquisition Corporation

        708 Third Avenue

        New York, NY 10017

        Attention: Jose M. Aldeanueva, CFO

        Tel: (212) 634-4512

        Email: jaldea@aol.com

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

         

        Ellenoff
        Grossman & Schole, LLP

        1345 Avenue of the Americas, 11th Floor

        New York, NY 10105

        Attn:    Douglas Ellenoff, Esq.

                      Stuart Neuhauser, Esq.

        Fax:      (212) 370-7889

        Tel:      (212) 370-1300

        Email:  ellenoff@egsllp.com

                     sneuhauser@egsllp.com

         

	If
                                         to OAC or any other Covered Party after the Closing, to the OAC Representative at:

         

        Jose
        M. Aldeanueva

        [_____________]

        [_____________]

        Tel: [___________]

        Email: jaldea@aol.com

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

         

        Ellenoff
        Grossman & Schole, LLP

        1345 Avenue of the Americas, 11th Floor

        New York, NY 10105

        Attn:    Douglas Ellenoff, Esq.

                      Stuart Neuhauser, Esq.

        Fax:      (212) 370-7889

        Tel:      (212) 370-1300

        Email:   ellenoff@egsllp.com

                      sneuhauser@egsllp.com

         

	If
    to Owner, to: the address below Owner’s name on the signature page to this Agreement.

 

    	5

     

    

 

(b)          Integration
and Non-Exclusivity. This Agreement, the Merger Agreement and the other Ancillary Documents to which Owner is a party or bound
contain the entire agreement between Owner and the Covered Parties concerning the subject matter hereof. Notwithstanding the foregoing,
the rights and remedies of the Covered Parties under this Agreement are not exclusive of or limited by any other rights or remedies
which they may have, whether at law, in equity, by contract or otherwise, all of which will be cumulative (and not alternative).
Without limiting the generality of the foregoing, the rights and remedies of the Covered Parties, and the obligations and liabilities
of Owner, under this Agreement, are in addition to their respective rights, remedies, obligations and liabilities (i) under the
laws of unfair competition, misappropriation of trade secrets, or other requirements of statutory or common law, or any applicable
rules and regulations and (ii) otherwise conferred by contract, including the Merger Agreement and any other written agreement
between Owner and any of the Covered Parties. Nothing in the Merger Agreement will limit any of the obligations, liabilities,
rights or remedies of Owner or the Covered Parties under this Agreement, nor will any breach of the Merger Agreement or any other
agreement between Owner and any of the Covered Parties limit or otherwise affect any right or remedy of the Covered Parties under
this Agreement. If any term or condition of any other agreement between Owner and any of the Covered Parties conflicts or is inconsistent
with the terms and conditions of this Agreement, the more restrictive terms will control as to Owner.

 

(c)          Severability;
Reformation. Each provision of this Agreement is separable from every other provision of this Agreement. If any provision
of this Agreement is found or held to be invalid, illegal or unenforceable, in whole or in part, by a court of competent jurisdiction,
then (i) such provision will be deemed amended to conform to applicable laws so as to be valid, legal and enforceable to the fullest
possible extent, (ii) the invalidity, illegality or unenforceability of such provision will not affect the validity, legality
or enforceability of such provision under any other circumstances or in any other jurisdiction, and (iii) the invalidity, illegality
or unenforceability of such provision will not affect the validity, legality or enforceability of the remainder of such provision
or the validity, legality or enforceability of any other provision of this Agreement. Owner and the Covered Parties will substitute
for any invalid, illegal or unenforceable provision a suitable and equitable provision that carries out, so far as may be valid,
legal and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision. Without limiting the foregoing,
if any court of competent jurisdiction determines that any part hereof is unenforceable because of the duration, geographic area
covered, scope of such provision, or otherwise, such court will have the power to reduce the duration, geographic area covered
or scope of such provision, as the case may be, and, in its reduced form, such provision will then be enforceable. Owner will,
at a Covered Party’s request, join such Covered Party in requesting that such court take such action.

 

(d)          Amendment;
Waiver. This Agreement may not be amended or modified in any respect, except by a written agreement executed by Owner, OAC
and the OAC Representative. No waiver will be effective unless it is expressly set forth in a written instrument executed by the
waiving party (and if such waiving party is a Covered Party, the OAC Representative), and any such waiver will have no effect
except in the specific instance in which it is given. Any delay or omission by a party in exercising its rights under this Agreement,
or failure to insist upon strict compliance with any term, covenant, or condition of this Agreement will not be deemed a waiver
of such term, covenant, condition or right, nor will any waiver or relinquishment of any right or power under this Agreement at
any time or times be deemed a waiver or relinquishment of such right or power at any other time or times.

 

(e)          Governing
Law; Jurisdiction. This Agreement shall be governed by, construed and enforced in accordance with, the Laws of the State of
New York without regard to the conflict of laws principles thereof. All Actions arising out of or relating to this Agreement shall
be heard and determined exclusively in any state or federal court located in New York, New York (or in any appellate court thereof)
(the “Specified Courts”). Each party hereto hereby (a) submits to the exclusive jurisdiction of any
Specified Court for the purpose of any Action arising out of or relating to this Agreement brought by any party hereto, (b) irrevocably
waives, and agrees not to assert by way of motion, defense or otherwise, in any such Action, any claim that it is not subject
personally to the jurisdiction of the Specified Courts, that its property is exempt or immune from attachment or execution, that
the Action is brought in an inconvenient forum, that the venue of the Action is improper, or that this Agreement or the transactions
contemplated hereby may not be enforced in or by any Specified Court and (c) waives any bond, surety or other security that might
be required of any other party with respect thereto. Each party agrees that a final judgment in any Action shall be conclusive
and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law or in equity. Each party
irrevocably consents to the service of the summons and complaint and any other process in any Action arising out of or relating
to this Agreement, on behalf of itself, or its property, by personal delivery of copies of such process to such party at the applicable
address set forth in Section 8(a). Nothing in this Section 8(e) shall affect the right of any party to serve legal
process in any other manner permitted by Law.

 

    	6

     

    

 

(f)          WAIVER
OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 8(f). ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF
THIS SECTION 8(f) WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL
BY JURY.

 

(g)          Legal
Fees. In the event of any Action between a Covered Party and Owner arising out of, related to, or in connection with this
Agreement, the non-prevailing party in such Action will pay its own expenses and the reasonable expenses, including reasonable
attorneys’ fees and costs, incurred by the other party.

 

(h)          Successors
and Assigns; Third Party Beneficiaries. This Agreement will be binding upon Owner and Owner’s estate, successors and
assigns, and will inure to the benefit of the Covered Parties, and their respective successors and assigns. Each Covered Party
may freely assign any or all of its rights under this Agreement, at any time, in whole or in part, to any Person which acquires,
in one or more transactions, at least a majority of the equity securities (whether by equity sale, merger or otherwise) of such
Covered Party or all or substantially all of the assets of such Covered Party and its Subsidiaries, taken as a whole, without
obtaining the consent or approval of Owner. Owner agrees that the obligations of Owner under this Agreement are personal and will
not be assigned by Owner. Each of the Covered Parties are express third party beneficiaries of this Agreement and will be considered
parties under and for purposes of this Agreement.

 

(i)          Authorization
on Behalf of the Covered Parties. The parties acknowledge and agree that the OAC Representative is authorized and shall have
the sole right to act on behalf of Purchaser and the other Covered Parties under this Agreement, including the right to enforce
Purchaser’s rights and remedies under this Agreement. Without limiting the foregoing, in the event that Owner serves as
a director, officer, employee or other authorized agent of a Covered Party, Owner shall have no authority, express or implied,
to act or make any determination on behalf of a Covered Party in connection with this Agreement or any dispute or Action with
respect hereto.

 

    	7

     

    

 

(j)          Construction.
Owner acknowledges that Owner has been represented by counsel, or had the opportunity to be represented by counsel of Owner’s
choice. Any rule of construction to the effect that ambiguities are to be resolved against the drafting party will not be applied
in the construction or interpretation of this Agreement. Neither the drafting history nor the negotiating history of this Agreement
will be used or referred to in connection with the construction or interpretation of this Agreement. The headings and subheadings
contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement. In this Agreement: (i) the words “include,” “includes” and “including” when used
herein shall be deemed in each case to be followed by the words “without limitation”; (ii) the definitions contained
herein are applicable to the singular as well as the plural forms of such terms; (iii) whenever required by the context, any pronoun
shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall
include the plural and vice versa; (iv) the words “herein,” “hereto,” and “hereby” and other
words of similar import shall be deemed in each case to refer to this Agreement as a whole and not to any particular Section or
other subdivision of this Agreement; and (v) any agreement or instrument defined or referred to herein or in any agreement or
instrument that is referred to herein means such agreement or instrument as from time to time amended, modified or supplemented,
including by waiver or consent and references to all attachments thereto and instruments incorporated therein.

 

(k)          Counterparts.
This Agreement may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each
of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.
A photocopy, faxed, scanned and/or emailed copy of this Agreement or any signature page to this Agreement, shall have the same
validity and enforceability as an originally signed copy.

 

(l)          Effectiveness.
This Agreement shall be binding upon Owner upon Owner’s execution and delivery of this Agreement, but this Agreement shall
only become effective upon the consummation of the Transactions. In the event that the Merger Agreement is validly terminated
in accordance with its terms prior to the consummation of the Transactions, this Agreement shall automatically terminate and become
null and void, and the parties shall have no obligations hereunder.

 

{[Remainder
of Page Intentionally Left Blank; Signature Page Follows}

 

    	8

     

    

 

IN
WITNESS WHEREOF, the undersigned has duly executed and delivered this Non-Competition and Non-Solicitation Agreement as of the
date first written above.

	 	 Owner:

___________________________________________

Print Name:

 

Address
for Notice:

 

Address:____________________________________

 ___________________________________________

___________________________________________

Facsimile No.:________________________________

Telephone No.:_______________________________

Email:______________________________________

 

Acknowledged
and accepted as of the date first written above:

 

OAC:

 

ORIGO
ACQUISITION CORPORATION

 

	By:	 	 

Name: Jose Aldeanueva

Title: Chief Financial Officer

 

The
OAC Representative:

	 	 	 

Jose
Aldeanueva, solely in his capacity as the 

OAC Representative

 

[Signature
Page to Non-Competition Agreement]Exhibit 10.3

 

Final
Form

 

EXHIBIT
D

 

FORM
OF LOCK-UP AGREEMENT

 

THIS
LOCK-UP AGREEMENT (this “Agreement”) is made as of [●], 2017 by and among (i) Origo Acquisition
Corporation, a Cayman Islands company which will be known after the consummation of the transactions contemplated by the Merger
Agreement (as defined below), as “High Times Media Corporation”, a Nevada corporation (including any successor entity
thereto, the “Company”), (ii) Jose Aldeanueva, solely in his capacity under the Merger Agreement as
the OAC Representative (including any successor OAC Representative appointed pursuant to and in accordance with the Merger Agreement,
the “OAC Representative”), and (iii) the undersigned (“Holder”). Any capitalized
term used but not defined in this Agreement will have the meaning ascribed to such term in the Merger Agreement.

 

WHEREAS,
the Company, Hightimes Holding Corp., a Delaware corporation (“HTH”), HTHC Merger Sub, Inc., a Delaware
corporation and a wholly-owned subsidiary of the Company (“Merger Sub”), and the OAC Representative,
are parties to that certain Merger Agreement, dated as of July 24, 2017 (as amended from time to time in accordance with the terms
thereof, the “Merger Agreement”), pursuant to which Merger Sub will merge with and into HTH, with HTH
continuing as the surviving entity (the “Merger”), and as a result of which, among other matters, all
of the issued and outstanding capital stock of HTH and Company Common Stock Equivalent Securities as of the Effective Time shall
no longer be outstanding and shall automatically be cancelled and shall cease to exist, in exchange for the right to receive,
or otherwise convert into, the Merger Consideration or other consideration (including OAC Assumed Options) as set forth in the
Merger Agreement, all upon the terms and subject to the conditions set forth in the Merger Agreement and in accordance with the
applicable provisions of the DGCL;

 

WHEREAS,
Holder is a holder of the capital stock of HTH and/or Company Common Stock Equivalent Securities in such amounts as set forth
underneath Holder’s name on the signature page hereto; and

 

WHEREAS,
pursuant to the Merger Agreement, and in view of the valuable consideration to be received by Holder thereunder, the Company,
the OAC Representative and Holder desire to enter into this Agreement, pursuant to which the OAC Shares to be issued to Holder
as Merger Consideration or upon exercise of OAC Assumed Options (all such securities, together with any securities paid as dividends
or distributions with respect to such securities or into which such securities are exchanged or converted, the “Restricted
Securities”) shall become subject to limitations on disposition as set forth herein.

 

NOW,
THEREFORE, in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth
below, and intending to be legally bound hereby, the parties hereby agree as follows:

 

    	1

     

    

 

1.            Lock-Up
Provisions.

 

(a)          Holder
hereby agrees not to, during the period commencing from the Closing and (i), with respect to fifty percent (50%) of each type
of the Restricted Securities, ending on the earlier of (A) the one (1) year anniversary of the date of the Closing, and (B) the
date after the Closing on which the Company consummates a liquidation, merger, share exchange or other similar transaction with
an unaffiliated third party that results in all of the Company’s shareholders having the right to exchange their equity
holdings in the Company for cash, securities or other property (a “Subsequent Transaction”), and (ii),
with respect to the remaining fifty percent (50%) of the Restricted Securities, ending on the earliest of (A) the one (1) year
anniversary of the date of the Closing, (B) the date after the Closing on which the Company consummates a Subsequent Transaction
and (C) the date on which the closing sale price of the OAC Shares equals or exceeds $12.50 per share (as adjusted for share splits,
share dividends, reorganizations and recapitalizations) for any twenty (20) trading days within any thirty (30) trading day period
commencing after the Closing (the “Lock-Up Period”): (x) lend, offer, pledge, hypothecate, encumber,
donate, assign, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant
any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any Restricted Securities,
(y) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences
of ownership of the Restricted Securities, or (z) publicly disclose the intention to do any of the foregoing, whether any such
transaction described in clauses (x), (y) or (z) above is to be settled by delivery of Restricted Securities or other securities,
in cash or otherwise (any of the foregoing described in clauses (x), (y) or (z), a “Prohibited Transfer”).
The foregoing sentence shall not apply to the transfer of any or all of the Restricted Securities owned by Holder (I) by gift,
will or intestate succession upon the death of Holder, (II) to any Permitted Transferee or (III) pursuant to a court order or
settlement agreement related to the distribution of assets in connection with the dissolution of marriage or civil union; provided,
however, that in any of cases (I), (II) or (III) it shall be a condition to such transfer that the transferee executes and delivers
to the Company and the OAC Representative an agreement stating that the transferee is receiving and holding the Restricted Securities
subject to the provisions of this Agreement applicable to Holder, and there shall be no further transfer of such Restricted Securities
except in accordance with this Agreement. As used in this Agreement, the term “Permitted Transferee”
shall mean: (1) the members of Holder’s immediate family (for purposes of this Agreement, “immediate family”
shall mean any relationship by blood, marriage or adoption, not more remote than first cousin), (2) any trust for the direct or
indirect benefit of Holder or the immediate family of Holder, (3) if Holder is a trust, to the trustor or beneficiary of such
trust or to the estate of a beneficiary of such trust, (4) as a distribution to limited partners, shareholders, members of, or
owners of similar equity interests in Holder upon the liquidation and dissolution of Holder or (5) to any affiliate of Holder
or to any investment fund or other entity controlled by Holder. Holder further agrees to execute such agreements as may be reasonably
requested by the Company or the OAC Representative that are consistent with the foregoing or that are necessary to give further
effect thereto.

 

(b)          If
any Prohibited Transfer is made or attempted contrary to the provisions of this Agreement, such purported Prohibited Transfer
shall be null and void ab initio, and the Company shall refuse to recognize any such purported transferee of the Restricted Securities
as one of its equity holders for any purpose. In order to enforce this Section 1, the Company may impose stop-transfer
instructions with respect to the Restricted Securities of Holder (and permitted transferees and assigns thereof) until the end
of the Lock-Up Period.

 

(c)          During
the Lock-Up Period, each certificate evidencing any Restricted Securities shall be stamped or otherwise imprinted with a legend
in substantially the following form, in addition to any other applicable legends:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A LOCK-UP AGREEMENT, DATED AS
OF [●], 2017, BY AND AMONG THE ISSUER OF SUCH SECURITIES (THE “ISSUER”) AND THE ISSUER’S SECURITY HOLDER
NAMED THEREIN, AS AMENDED. A COPY OF SUCH LOCK-UP AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE ISSUER TO THE HOLDER HEREOF
UPON WRITTEN REQUEST.”

 

(d)          For
the avoidance of any doubt, Holder shall retain all of its rights as a shareholder of the Company during the Lock-Up Period, including
the right to vote any Restricted Securities.

 

    	2

     

    

 

2.            Miscellaneous.

 

(a)          Termination
of Merger Agreement. Notwithstanding anything to the contrary contained herein, in the event that the Merger Agreement is
terminated in accordance with its terms prior to the Closing, this Agreement and all rights and obligations of the parties hereunder
shall automatically terminate and be of no further force or effect.

 

(b)          Binding
Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the
parties hereto and their respective permitted successors and assigns. This Agreement and all obligations of Holder are personal
to Holder and may not be transferred or delegated by Holder at any time. The Company may freely assign any or all of its rights
under this Agreement, in whole or in part, to any successor entity (whether by merger, consolidation, equity sale, asset sale
or otherwise) without obtaining the consent or approval of Holder. If the OAC Representative is replaced in accordance with the
terms of the Merger Agreement, the replacement OAC Representative shall automatically become a party to this Agreement as if it
were the original OAC Representative hereunder.

 

(c)          Third
Parties. Nothing contained in this Agreement or in any instrument or document executed by any party in connection with the
transactions contemplated hereby shall create any rights in, or be deemed to have been executed for the benefit of, any person
or entity that is not a party hereto or thereto or a successor or permitted assign of such a party.

 

(d)          Governing
Law; Jurisdiction. This Agreement and any dispute or controversy arising out of or relating to this Agreement shall be governed
by and construed in accordance with the laws of the State of New York, without regard to the conflict of law principles thereof.
All Actions arising out of or relating to this Agreement shall be heard and determined exclusively in any state or federal court
located in New York, New York (or in any appellate courts thereof) (the “Specified Courts”). Each party
hereto hereby (i) submits to the exclusive jurisdiction of any Specified Court for the purpose of any Action arising out of or
relating to this Agreement brought by any party hereto and (ii) irrevocably waives, and agrees not to assert by way of motion,
defense or otherwise, in any such Action, 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 Action is brought in an inconvenient forum, that
the venue of the Action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in or
by any Specified Court. Each party agrees that a final judgment in any Action shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by Law. Each party irrevocably consents to the service of
the summons and complaint and any other process in any other action or proceeding relating to the transactions contemplated by
this Agreement, on behalf of itself, or its property, by personal delivery of copies of such process to such party at the applicable
address set forth in Section 2(g). Nothing in this Section 2(d) shall affect the right of any party to serve legal
process in any other manner permitted by applicable law.

 

(e)          WAIVER
OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (i) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING WAIVER AND
(ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS,
THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 2(e).

 

    	3

     

    

 

(f)          Interpretation.
The titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing or interpreting
this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used in this Agreement shall include
the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural
and vice versa; (ii) “including” (and with correlative meaning “include”) means including without limiting
the generality of any description preceding or succeeding such term and shall be deemed in each case to be followed by the words
“without limitation”; (iii) the words “herein,” “hereto,” and “hereby” and other
words of similar import in this Agreement shall be deemed in each case to refer to this Agreement as a whole and not to any particular
section or other subdivision of this Agreement; and (iv) the term “or” means “and/or”. The parties have
participated jointly in the negotiation and drafting of this Agreement. Consequently, in the event an ambiguity or question of
intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 

(g)          Notices.
All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given
when delivered (i) in person, (ii) by facsimile or other electronic means, with affirmative confirmation of receipt, (iii) one
Business Day after being sent, if sent by reputable, nationally recognized overnight courier service or (iv) three (3) Business
Days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each case to the applicable
party at the following addresses (or at such other address for a party as shall be specified by like notice):

 

	If
                                         to the Company after the Closing, to:

         

        High
        Times Media Corporation

        5520 Wilshire Boulevard

        Los Angeles, CA 90036

        Attn:   Adam E. Levin, CEO

        Tel:     310-774-0100

        Email: adam@orevacap.com

         
	With
                                         copies to (which shall not constitute notice):

         

        the
        OAC Representative (and its copy for notices hereunder)

         

        and

         

        CKR
        Law, LLP

        12100 Wilshire Boulevard, Suite 480

        Los Angeles, California 90025

        Attn:     Stephen A. Weiss, Esq.

        Tel:       (310) 312-1860

        Email:    sweiss@ckrlaw.com

         

	If
                                         to the OAC Representative, to:

         

        Jose
        M. Aldeanueva

        [_____________]

        [_____________]

        Tel: [___________]

        Email: jaldea@aol.com

         
	With
                                         a copy to (which shall not constitute notice):

         

        Ellenoff
        Grossman & Schole, LLP

        1345 Avenue of the Americas, 11th Floor

        New York, NY 10105

        Attn:      Douglas Ellenoff, Esq.

                       Stuart Neuhauser, Esq.

        Fax:       (212) 370-7889

        Tel:        (212) 370-1300

        Email:    ellenoff@egsllp.com

                        sneuhauser@egsllp.com

         

 

    	4

     

    

 

	If
to Holder, to: the address set forth below Holder’s name on the signature page to this Agreement.

 

(h)          Amendments
and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either
generally or in a particular instance, and either retroactively or prospectively) only with the written consent of the Company,
the OAC Representative and Holder. No failure or delay by a party in exercising any right hereunder shall operate as a waiver
thereof. No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more instances, shall
be deemed to be or construed as a further or continuing waiver of any such term, condition, or provision.

 

(i)          Severability.
In case any provision in this Agreement shall be held invalid, illegal or unenforceable in a jurisdiction, such provision shall
be modified or deleted, as to the jurisdiction involved, only to the extent necessary to render the same valid, legal and enforceable,
and the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired
thereby nor shall the validity, legality or enforceability of such provision be affected thereby in any other jurisdiction. Upon
such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties will substitute
for any invalid, illegal or unenforceable provision a suitable and equitable provision that carries out, so far as may be valid,
legal and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision.

 

(j)          Specific
Performance. Holder acknowledges that its obligations under this Agreement are unique, recognizes and affirms that in the
event of a breach of this Agreement by Holder, money damages will be inadequate and the Company (and the OAC Representative on
behalf of the Company) will have no adequate remedy at law, and agrees that irreparable damage would occur in the event that any
of the provisions of this Agreement were not performed by Holder in accordance with their specific terms or were otherwise breached.
Accordingly, each of the Company and the OAC Representative shall be entitled to an injunction or restraining order to prevent
breaches of this Agreement by Holder and to enforce specifically the terms and provisions hereof, without the requirement to post
any bond or other security or to prove that money damages would be inadequate, this being in addition to any other right or remedy
to which such party may be entitled under this Agreement, at law or in equity.

 

(k)          Entire
Agreement. This Agreement constitutes the full and entire understanding and agreement among the parties with respect to the
subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the parties
is expressly canceled; provided, that, for the avoidance of doubt, the foregoing shall not affect the rights and obligations
of the parties under the Merger Agreement or any Ancillary Document. Notwithstanding the foregoing, nothing in this Agreement
shall limit any of the rights or remedies of the Company and the OAC Representative or any of the obligations of Holder under
any other agreement between Holder and the Company or the OAC Representative or any certificate or instrument executed by Holder
in favor of the Company or the OAC Representative, and nothing in any other agreement, certificate or instrument shall limit any
of the rights or remedies of the Company or the OAC Representative or any of the obligations of Holder under this Agreement.

 

(l)          Further
Assurances. From time to time, at another party’s request and without further consideration (but at the requesting party’s
reasonable cost and expense), each party shall execute and deliver such additional documents and take all such further action
as may be reasonably necessary to consummate the transactions contemplated by this Agreement.

 

    	5

     

    

 

(m)          Counterparts;
Facsimile. This Agreement may also be executed and delivered by facsimile signature or by email in portable document format
in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument.

 

[Remainder
of Page Intentionally Left Blank; Signature Pages Follow]

 

    	6

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Lock-Up Agreement as of the date first written above.

 

	 	The Company:	 
	 	 	 	 
	 	Origo Acquisition Corp.	 
	 	 	 	 
	 	By:	 	 
	 	Name: 	 
	 	Title: 	 
	 	 	 	 
	 	The OAC Representative:	 
	 	 	 	 
	 	Jose Aldeanueva, in his capacity under the Merger Agreement as the OAC Representative

 

{Additional
Signature on the Following Page}

 

{Signature
Page to Lock-Up Agreement}

 

    	

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Lock-Up Agreement as of the date first written above.

 

Holder:

 

Name
of Holder: [____________________________________________________]

 

	By:	 	 

Name:

Title: 

 

Number
and Type of Shares of HTH Capital Stock and/or Company Common Stock Equivalent Securities:

 

	HTH Capital Stock:	 	 

	 	 	 

	 	 	 

 

	Company Common Stock Equivalent
Securities:	 	 

 

	 	 
	 	 

Address
for Notice:

 

	Address:	 	
	 	 	 
	 	 	 

 

	Facsimile No.:	 	

 

	Telephone No.:	 	

 

	Email:	 	 

 

{Signature
Page to Lock-Up Agreement}

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