Document:

Exhibit 10.8

 

THIRD AMENDMENT TO LEASE AGREEMENT

 

THIS THIRD AMENDMENT TO LEASE
AGREEMENT (this “Amendment”) is entered into effective as of the 10th day of April, 2020 (the “Amendment
Effective Date”), by and between IIP-PA 1 LLC, a Delaware limited liability company (“Landlord”), and Pennsylvania
Medical Solutions, LLC, a Pennsylvania limited liability company (“Tenant”).

 

RECITALS

 

A.            WHEREAS,
Landlord and Tenant are parties to that certain Lease Agreement dated as of April 6, 2018 (the “Original Lease”),
as amended by that certain First Amendment to Lease Agreement dated December 7, 2018 (the “First Amendment”),
and as further amended by that certain Second Amendment to Lease Agreement dated as of January 14, 2020 (the “Second Amendment”
and together with the Original Lease and the First Amendment, the “Existing Lease”), whereby Tenant leases the premises
from Landlord located at 2000 Rosanna Avenue in Scranton, Pennsylvania; and

 

B.            WHEREAS,
Landlord and Tenant desire to modify and amend the Existing Lease only in the respects and on the conditions hereinafter stated.

 

AGREEMENT

 

NOW, THEREFORE, Landlord and
Tenant, in consideration of the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, and intending to be legally bound, agree as follows:

 

1.            Definitions.
For purposes of this Amendment, capitalized terms shall have the meanings ascribed to them in the Existing Lease unless otherwise defined
herein. The Existing Lease, as amended by this Amendment, is referred to collectively herein as the “Lease.” From and
after the date hereof, the term “Lease,” as used in the Existing Lease, shall mean the Existing Lease, as amended by this
Amendment.

 

2.            TI
Allowance. The first sentence of Section 5.1 of the Existing Lease is hereby amended and restated in its entirety as follows:

 

"Tenant shall cause appropriate
improvements consistent with the Permitted Use (the "Tenant Improvements") to be constructed in the Premises pursuant
to the Work Letter attached hereto as Exhibit E (the "Work Letter") at a cost to Landlord not to exceed Eight
Million Thirty-Six Thousand Six Hundred Seventy Dollars ($8,036,670.00) (the "TI Allowance")."

 

In addition, the last sentence
of Section 5.2 of the Existing Lease is hereby amended and restated in its entirety as follows:

 

"In addition, Landlord’s
obligation to disburse any of the TI Allowance in excess of Seven Million Seven Hundred Thousand Dollars ($7,700,000.00) shall be conditional
upon the satisfaction of the following: (a) Tenant's delivery to Landlord of a certificate of occupancy for the Premises suitable
for the Permitted Use, as applicable; (b) Tenant's delivery to Landlord of a Certificate of Substantial Completion in the form of
the American Institute of Architects document G704, executed by the project architect and the general contractor or such other form or
certification as may be reasonably acceptable to Landlord; (c) Tenant's satisfaction of the conditions precedent to funding of the
TI Allowance set forth in Section 6.3 of the Work Letter; and (d) there shall be no uncured event of default by Tenant
under this Lease."

 

     

     

    

 

3.            Base
Rent. Effective as of the Amendment Effective Date, the monthly Base Rent shall equal One Hundred Eighty-Four Thousand Seven Hundred
Eighty-Six and 31/100 Dollars ($184,786.31) and shall be subject to the Base Rent adjustments set forth in the Existing Lease on each
anniversary of the Commencement Date.

 

4.            New
Guaranty. Concurrently with the execution of this Amendment, Tenant shall cause Vireo Health International, Inc., a British Columbia,
Canada corporation (the “New Guarantor”), to execute and deliver to Landlord a guaranty in the form attached as Exhibit A
to this Amendment (the “New Guaranty”). From and after the date of this Amendment, all references in the Existing Lease
to a “Guarantor” or the “Guarantors” shall include the New Guarantor and all references to a “Guaranty”
or the “Guaranties” shall include the New Guaranty.

 

5.            Broker.
Tenant represents and warrants that it has not dealt with any broker or agent in the negotiation for or the obtaining of this Amendment
and agrees to reimburse, indemnify, save, defend (at Landlord’s option and with counsel reasonably acceptable to Landlord, at Tenant’s
sole cost and expense) and hold harmless the Landlord Indemnitees for, from and against any and all cost or liability for compensation
claimed by any such broker or agent employed or engaged by it or claiming to have been employed or engaged by it.

 

6.            No
Default. Tenant represents, warrants and covenants that, to the best of Tenant’s knowledge, Landlord and Tenant are not in default
of any of their respective obligations under the Existing Lease and no event has occurred that, with the passage of time or the giving
of notice (or both) would constitute a default by either Landlord or Tenant thereunder.

 

7.            Effect
of Amendment. Except as modified by this Amendment, the Existing Lease and all the covenants, agreements, terms, provisions and conditions
thereof shall remain in full force and effect and are hereby ratified and affirmed. In the event of any conflict between the terms contained
in this Amendment and the Existing Lease, the terms herein contained shall supersede and control the obligations and liabilities of the
parties.

 

8.            Successors
and Assigns. Each of the covenants, conditions and agreements contained in this Amendment shall inure to the benefit of and shall
apply to and be binding upon the parties hereto and their respective heirs, legatees, devisees, executors, administrators and permitted
successors and assigns and sublessees. Nothing in this section shall in any way alter the provisions of the Lease restricting assignment
or subletting.

 

9.            Miscellaneous.
This Amendment becomes effective only upon execution and delivery hereof by Landlord and Tenant. The captions of the paragraphs and subparagraphs
in this Amendment are inserted and included solely for convenience and shall not be considered or given any effect in construing the provisions
hereof. All exhibits hereto are incorporated herein by reference. Submission of this instrument for examination or signature by Tenant
does not constitute a reservation of or option for a lease, and shall not be effective as a lease, lease amendment or otherwise until
execution by and delivery to both Landlord and Tenant.

 

10.            Authority.
Tenant guarantees, warrants and represents that the individual or individuals signing this Amendment have the power, authority and legal
capacity to sign this Amendment on behalf of and to bind all entities, corporations, partnerships, limited liability companies, joint
venturers or other organizations and entities on whose behalf such individual or individuals have signed.

 

11.            Counterparts;
Facsimile and PDF Signatures. This Amendment may be executed in one or more counterparts, each of which, when taken together, shall
constitute one and the same document. A facsimile or portable document format (PDF) signature on this Amendment shall be equivalent to,
and have the same force and effect as, an original signature.

 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

 

    2 

     

    

 

IN WITNESS WHEREOF, Landlord
and Tenant have executed this Amendment as of the date and year first above written.

 

LANDLORD:

 

IIP-PA
1 LLC, 

a Delaware limited liability company

 

	By:	/s/ Brian
Wolfe	

	Name:	Brian Wolfe

	Title:	Vice President,
General Counsel and Secretary

 

TENANT:

 

PENNSYLVANIA
MEDICAL SOLUTIONS, LLC, 

a Pennsylvania limited liability company

 

	By:	/s/ Shawn
Nugent	

	Name:	Shawn Nugent

	Title:	CFO

 

     

     

    

 

EXHIBIT “A”

 

FORM OF NEW GUARANTY

 

[See Attached]

 

     

     

    

 

GUARANTY OF LEASE

 

This Guaranty of Lease ("Guaranty")
is executed effective on the 10th day of April, 2020, by Vireo Health International, Inc., a British Columbia, Canada
corporation ("Guarantor"), whose address for notices is c/o Pennsylvania Medical Solutions, LLC, 207 S 9th Street, Minneapolis,
MN. 55402; Attn: Chief Financial Officer, in favor of IIP-PA 1 LLC, a Delaware limited liability company ("Landlord"),
whose address for notices is 11440 West Bernardo Court, Suite 100, San Diego, California 92127, Attn: General Counsel.

 

For good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, Guarantor covenants and agrees as follows:

 

1.            Recitals.
This Guaranty is made with reference to the following recitals of facts which constitute a material part of this Guaranty:

 

		(a)	Landlord, as Landlord, and Pennsylvania Medical Solutions, LLC, a Pennsylvania limited liability company,
as Tenant ("Tenant"), entered into that certain Lease dated as of April 6, 2018, as amended from time to time (as
so amended, the "Lease"), with respect to certain space in the building located at 2000 Rosanna Avenue, Scranton, Pennsylvania
(the "Leased Premises").

 

		(b)	Guarantor is the indirect parent entity of Tenant and is therefore receiving a substantial benefit for
executing this Guaranty.

 

		(c)	Landlord would not have entered into amendment to the Lease as of the date hereof with Tenant without
having received the Guaranty executed by Guarantor as an inducement to Landlord.

 

		(d)	By this Guaranty, effective retroactively to the commencement of the Lease, Guarantor intends to
                                                                 absolutely, unconditionally and irrevocably guarantee the full, timely, and complete (i) payment of all rent and other sums
                                                                 required to be paid by Tenant under the Lease and any other indebtedness of Tenant, (ii) performance of all other terms,
                                                                 covenants, conditions and obligations of Tenant arising out of the Lease and
all foreseeable and unforeseeable damages that may arise as a foreseeable or unforeseeable consequence of any non-payment, non-performance
or non-observance of, or non-compliance with, any of the terms, covenants, conditions or other obligations described in the Lease (including,
without limitation, all attorneys' fees and disbursements and all litigation costs and expenses incurred or payable by Landlord or for
which Landlord may be responsible or liable, or caused by any such default), and (iii) payment of any and all expenses (including
reasonable attorneys' fees and expenses and litigation expenses) incurred by Landlord in enforcing any of the rights under the Lease or
this Guaranty within five (5) days after Landlord's demand thereafter (collectively, the "Guaranteed Obligations").

 

2.            Guaranty.
Effective (including retroactively) for Guaranteed Obligations accruing before, on and after the Execution Date (as such term is defined
under the Lease), Guarantor absolutely, unconditionally and irrevocably guarantees, as principal obligor and not merely as surety, to
Landlord, the full, timely and unconditional payment and performance, of the Guaranteed Obligations strictly in accordance with the terms
of the Lease, as such Guaranteed Obligations may be modified, amended, extended or renewed from time to time. This is a Guaranty of payment
and performance and not merely of collection. Guarantor agrees that Guarantor is primarily liable for and responsible for the payment
and performance of the Guaranteed Obligations. Guarantor shall be bound by all of the provisions, terms, conditions, restrictions and
limitations contained in the Lease which are to be observed or performed by Tenant, the same as if Guarantor was named therein as Tenant
with joint and several liability with Tenant, and any remedies that Landlord has under the Lease against Tenant shall apply to Guarantor
as well. If Tenant defaults in any Guaranteed Obligation under the Lease, Guarantor shall in lawful money of the United States, pay to
Landlord on demand the amount due and owing under the Lease. Guarantor waives any rights to notices of acceptance, modifications, amendment,
extension or breach of the Lease. If Guarantor is a natural person, it is expressly agreed that this guaranty shall survive the death
of such guarantor and shall continue in effect. The obligations of Guarantor under this Guaranty are independent of the obligations of
Tenant or any other guarantor. Guarantor acknowledges that this Guaranty and Guarantor's obligations and liabilities under this Guaranty
are and shall at all times continue to be absolute and unconditional in all respects and shall be the separate and independent undertaking
of Guarantor without regard to the genuineness, validity, legality or enforceability of the Lease, and shall at all times be valid and
enforceable irrespective of any other agreements or circumstances of any nature whatsoever which might otherwise constitute a defense
to this Guaranty and the obligations and liabilities of Guarantor under this Guaranty or the obligations or liabilities of any other person
or entity (including, without limitation, Tenant) relating to this Guaranty or the obligations or liabilities of Guarantor hereunder or
otherwise with respect to the Lease or to Tenant. Guarantor hereby absolutely, unconditionally and irrevocably waives any and all rights
it may have to assert any defense, set-off, counterclaim or cross-claim of any nature whatsoever with respect to this Guaranty or the
obligations or liabilities of Guarantor under this Guaranty or the obligations or liabilities of any other person or entity (including,
without limitation, Tenant) relating to this Guaranty or the obligations or liabilities of Guarantor under this Guaranty or otherwise
with respect to the Lease, in any action or proceeding brought by the holder hereof to enforce the obligations or liabilities of Guarantor
under this Guaranty. This Guaranty sets forth the entire agreement and understanding of Landlord and Guarantor, and Guarantor acknowledges
that no oral or other agreements, understandings, representations or warranties exist with respect to this Guaranty or with respect to
the obligations or liabilities of Guarantor under this Guaranty. The obligations of Guarantor under this Guaranty shall be continuing
and irrevocable (a) during any period of time when the liability of Tenant under the Lease continues, and (b) until all of the
Guaranteed Obligations have been fully discharged by payment, performance or compliance. If at any time all or any part of any payment
received by Landlord from Tenant or Guarantor or any other person under or with respect to the Lease or this Guaranty has been refunded
or rescinded pursuant to any court order, or declared to be fraudulent or preferential, or are set aside or otherwise are required to
be repaid to Tenant, its estate, trustee, receiver or any other party, including as a result of the insolvency, bankruptcy or reorganization
of Tenant or any other party (an "Invalidated Payment"), then Guarantor's obligations under the Guaranty shall, to the
extent of such Invalidated Payment be reinstated and deemed to have continued in existence as of the date that the original payment occurred.
This Guaranty shall not be affected or limited in any manner by whether Tenant may be liable, with respect to the Guaranteed Obligations
individually, jointly with other primarily, or secondarily.

 

    2 

     

    

 

3.            No
Impairment of Guaranteed Obligations. Guarantor further agrees that Guarantor's liability for the Guaranteed Obligations shall in
no way be released, discharged, impaired or affected or subject to any counterclaim, setoff or deduction by (a) any waiver, consent,
extension, indulgence, compromise, release, departure from or other action or inaction of Landlord under or in respect of the Lease or
this Guaranty, or any obligation or liability of Tenant, or any exercise or non-exercise of any right, remedy, power or privilege under
or in respect to the Lease or this Guaranty, (b) any change in the time, manner or place of payment or performance of the Guaranteed
Obligations, (c) the acceptance by Landlord of any additional security or any increase, substitution or change therein, (d) the
release by Landlord of any security or any withdrawal thereof or decrease therein, (e) any assignment of the Lease or any subletting
of all or any portion of the Leased Premises (with or without Landlord's consent), (f) any holdover by Tenant beyond the term of
the Lease (g) any termination of the Lease, (h) any release or discharge of Tenant in any bankruptcy, receivership or other
similar proceedings, (i) the impairment, limitation or modification of the liability of Tenant or the estate of Tenant in bankruptcy
or of any remedy for the enforcement of Tenant's liability under the Lease resulting from the operation of any present or future provisions
of any bankruptcy code or other statute or from the decision in any court, or the rejection or disaffirmance of the Lease in any such
proceedings, (j) any merger, consolidation, reorganization or similar transaction involving Tenant, even if Tenant ceases to exist
as a result of such transaction, (k) the change in the corporate relationship between Tenant and Guarantor or any termination of
such relationship, (l) any change in the direct or indirect ownership of all or any part of the shares in Tenant, or (m) to
the extent permitted under applicable law, any other occurrence or circumstance whatsoever, whether similar or dissimilar to the foregoing,
which might otherwise constitute a legal or equitable defense or discharge of the liabilities of Guarantor or which might otherwise limit
recourse against Guarantor. Guarantor further understands and agrees that Landlord may at any time enter into agreements with Tenant to
amend and modify the Lease, and may waive or release any provision or provisions of the Lease, and, with reference to such instruments,
may make and enter into any such agreement or agreements as Landlord and Tenant may deem proper and desirable, without in any manner impairing
or affecting this Guaranty or any of Landlord's rights hereunder or Guarantor's obligations hereunder, unless otherwise agreed in writing
thereunder or under the Lease.

 

		4.	       Remedies.

 

a)            If
Tenant defaults with respect to the Guaranteed Obligations, and if Guarantor does not fulfill Tenant's obligations immediately upon
its receipt of written notice of such default from Landlord, Landlord may at its election proceed immediately against Guarantor,
Tenant, or any combination of Tenant, Guarantor, and/or any other guarantor. It is not necessary for Landlord, in order to enforce
payment and performance by Guarantor under this Guaranty, first or contemporaneously to institute suit or exhaust remedies against
Tenant or other liable for any of the Guaranteed Obligations or to enforce rights against any collateral securing any of it.
Guarantor hereby waives any right to require Landlord to join Tenant in any action brought hereunder or to commence any action
against or obtain any judgment against Tenant or to pursue any other remedy or enforce any other right. If any portion of the
Guaranteed Obligations terminates and Landlord continues to have any rights that it may enforce against Tenant under the Lease after
such termination, then Landlord may at its election enforce such rights against Guarantor. Unless and until all Guaranteed
Obligations have been fully satisfied, Guarantor shall not be released from its obligations under this Guaranty irrespective of:
(i) the exercise (or failure to exercise) by Landlord of any of Landlord's rights or remedies (including, without limitation,
compromise or adjustment of the Guaranteed Obligations or any part thereof); or (ii) any release by Landlord in favor of Tenant
regarding the fulfillment by Tenant of any obligation under the Lease.

 

    3 

     

    

 

b)            Notwithstanding
anything in the foregoing to the contrary, Guarantor hereby covenants and agrees to and with Landlord that Guarantor may be joined in
any action by or against Tenant in connection with the Lease. Guarantor also agrees that, in any jurisdiction, it will be conclusively
bound by the judgment in any such action by or against Tenant (wherever brought) as if Guarantor were a party to such action even though
Guarantor is not joined as a party in such action.

 

5.            Waivers.
With the exception of the defense of prior payment, performance or compliance by Tenant or Guarantor of or with the Guaranteed Obligations
which Guarantor is called upon to pay or perform, or the defense that Landlord's claim against Guarantor is barred by the applicable statute
of limitations, Guarantor hereby waives and releases all defenses of the law of guaranty or suretyship to the extent permitted by law.

 

6.            Rights
Cumulative. All rights, powers and remedies of Landlord under this Guaranty shall be cumulative and in addition to all rights, powers
and remedies given to Landlord by law.

 

7.            Representations
and Warranties. Guarantor hereby represents and warrants that (a) Guarantor has goods and net worth that are sufficient to enable
Guarantor to promptly perform all of the Guaranteed Obligations as and when they are due; (b) Landlord has made no representation
to Guarantor as to the creditworthiness or financial condition of Tenant; (c) Guarantor has full power to execute, deliver and carry
out the terms and provisions of this Guaranty and has taken all necessary action to authorize the execution, delivery and performance
of this Guaranty; (d) Guarantor's execution and delivery of, and the performance of its obligations under, this Guaranty does not
conflict with or violate any of Guarantor's organizational documents, or any contract, agreement or decree which Guarantor is a party
to or which is binding on Guarantor; (e) the individual executing this Guaranty on behalf of Guarantor has the authority to bind
Guarantor to the terms and conditions of this Guaranty; (f) Guarantor has been represented by counsel of its choice in connection
with this Guaranty; (g) this Guaranty when executed and delivered shall constitute the legal, valid and binding obligations of Guarantor
enforceable against Guarantor in accordance with its terms; and (h) there is no action, suit, or proceeding pending or, to the knowledge
of Guarantor, threatened against Guarantor before or by any governmental authority which questions the validity or enforceability of,
or Guarantor's ability to perform under, this Guaranty.

 

8.            Subordination.
In the event of Tenant's insolvency or the disposition of the assets of Tenant, through bankruptcy, by an assignment for the benefit of
creditors, by voluntary liquidation, or otherwise, the assets of Tenant applicable to the payment of all claims of Landlord and/or Guarantor
shall be paid to Landlord and shall be first applied by Landlord to the Guaranteed Obligations. Any indebtedness of Tenant now or hereafter
held by Guarantor, whether as original creditor or assignee or by way of subrogation, restitution, reimbursement, indemnification or otherwise,
is hereby subordinated in right of payment to the Guaranteed Obligations. So long as an uncured event of default exists under the Lease,
(a) at Landlord's written request, Guarantor shall cause Tenant to pay to Landlord all or any part of any funds invested in or loaned
to Tenant by Guarantor which Guarantor is entitled to withdraw or collect and (b) any such indebtedness or other amount collected
or received by Guarantor shall be held in trust for Landlord and shall forthwith be paid over to Landlord to be credited and applied against
the Guaranteed Obligations. Subject to the foregoing, Guarantor shall be entitled to receive from Landlord any amounts that are, from
time to time, due to Guarantor in the ordinary course of business. Until all of Tenant's obligations under the Lease are fully performed,
Guarantor shall have no right of subrogation against Tenant by reason of any payments, acts or performance by Guarantor under this Guaranty.

 

    4 

     

    

 

9.            Governing
Law. This Guaranty shall be governed by and construed in accordance with the laws of the State of Pennsylvania, United States of America,
without regard to principles of conflicts of laws. TO THE FULLEST EXTENT PERMITTED BY LAW, GUARANTOR HEREBY UNCONDITIONALLY AND IRREVOCABLY
WAIVES ANY CLAIM TO ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS GUARANTY.

 

10.            Attorneys'
Fees. In the event any litigation or other proceeding ("Proceeding") is initiated by any party against any other
party to enforce this Guaranty, the prevailing party in such Proceeding shall be entitled to recover from the unsuccessful party all costs,
expenses, and actual reasonable attorneys' fees relating to or arising out of such Proceeding.

 

11.            Modification.
This Guaranty may be modified only by a contract in writing executed by Guarantor and Landlord.

 

12.            Invalidity.
If any provision of the Guaranty shall be invalid or unenforceable, the remainder of this Guaranty shall not be affected by such invalidity
or unenforceability. In the event, and to the extent, that this Guaranty shall be held ineffective or unenforceable by any court of competent
jurisdiction, then Guarantor shall be deemed to be a tenant under the Lease with the same force and effect as if Guarantor were expressly
named as a co-tenant therein with joint and several liability.

 

13.            Successors
and Assigns. Unless otherwise agreed in writing or under the Lease, this Guaranty shall be binding upon and shall inure to the benefit
of the successors-in-interest and assigns of each party to this Guaranty.

 

14.            Notices. Any
notice, consent, demand, invoice, statement or other communication required or permitted to be given hereunder shall be in writing
and shall be given by (a) personal delivery, (b) overnight delivery with a reputable international overnight delivery
service, such as FedEx, or (c) facsimile or email transmission, so long as such transmission is followed within one
(1) business day by delivery utilizing one of the methods described in subsections (a) or (b). Any such notice, consent,
demand, invoice, statement or other communication shall be deemed delivered (x) upon receipt, if given in accordance with
subsection (a); (y) one business (1) day after deposit with a reputable international overnight delivery service, if given
if given in accordance with subsection (b); or (z) upon transmission, if given in accordance with subsection (c). Except as
otherwise stated in this Guaranty, any notice, consent, demand, invoice, statement or other communication required or permitted to
be given pursuant to this Guaranty shall be addressed to Guarantor or Landlord at the address set forth above in the introductory
paragraph of this Guaranty. Either party may, by notice to the other given pursuant to this Section, specify additional or different
addresses for notice purposes.

 

15.            Waiver.
Any waiver of a breach or default under this Guaranty must be in a writing that is duly executed by Landlord and shall not be a waiver
of any other default concerning the same or any other provision of this Guaranty. No delay or omission in the exercise of any right or
remedy shall impair such right or remedy or be construed as a waiver.

 

16.            Withholding.
Unless otherwise agreed in the Lease, any and all payments by Guarantor to Landlord under this Guaranty shall be made free and clear of
and without deduction for any and all present or future taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or
similar charges, and all liabilities with respect thereto (collectively, "Taxes"). If Guarantor shall be required by
any applicable laws to deduct any Taxes from or in respect of any sum payable under this Guaranty to Landlord: (a) the sum payable
shall be increased as necessary so that after making all required deductions, the Landlord receives an amount equal to the sum it would
have received had no such deductions been made; (b) Guarantor shall make such deductions; and (c) Guarantor shall pay the full
amount deducted to the relevant taxation authority or other authority in accordance with applicable laws.

 

17.            Financial
Condition of Tenant. Landlord shall have no obligation to disclose or discuss with Guarantor Landlord's assessment of the financial
condition of Tenant. Guarantor has adequate means to obtain information from Tenant on a continuing basis concerning the financial condition
of Tenant and its ability to perform its Guaranteed Obligations, and Guarantor assumes responsibility for being and keeping informed of
Tenant's financial condition and of all circumstances bearing upon the risk of Tenant's failure to perform the Guaranteed Obligations.

 

    5 

     

    

 

18.            Bankruptcy.
So long as the Guaranteed Obligations remain outstanding, Guarantor shall not, without Landlord's prior written consent, commence or join
with any other person in commencing any bankruptcy or similar proceeding of or against Tenant. Guarantor's obligations hereunder shall
not be reduced, limited, impaired, discharged, deferred, suspended or terminated by any bankruptcy or similar proceeding (voluntary or
involuntary) involving Tenant or by any defense that Tenant may have by reason of an order, decree or decision of any court or administrative
body resulting from any such proceeding. To the fullest extent permitted by law, Guarantor will permit any trustee in bankruptcy, receiver,
debtor in possession, assignee for the benefit of creditors or similar person to pay to Landlord or allow the claim of Landlord in respect
of any interest, fees, costs, expenses or other Guaranteed Obligations accruing or arising after the date on which such case or proceeding
is commenced.

 

19.            Conveyance
or Transfer. Without Landlord's written consent, Guarantor shall not convey, sell, lease or transfer any of its properties or assets
to any person or entity to the extent that such conveyance, sale, lease or transfer could have a material adverse effect on Guarantor's
ability to fulfill any of the Guaranteed Obligations.

 

20.            Financials.
To induce Landlord to enter into the Lease, Guarantor shall, within ninety (90) days after the end of Guarantor's financial year, furnish
Landlord with a certified copy of Guarantor's year-end unconsolidated financial statements for the previous year, audited by a nationally
recognized accounting firm. If audited financial statements are not otherwise prepared, then Guarantor may satisfy the requirement to
provide audited financial statements by providing in lieu thereof unaudited financial statements prepared in accordance with GAAP and
certified by the chief financial officer of Guarantor as correct and complete copies of such financial statements, fairly presenting Guarantor's
financial condition as of the time set forth therein and having been prepared in accordance with GAAP. The provisions of this Section shall
not apply at any time while Guarantor is traded on any nationally recognized Canadian or United States stock exchange.

 

21.            Joint
and Several Liability. Guarantor's liability under this Guaranty shall be joint and several with any and all other Guarantors in accordance
with the terms and conditions of the Lease.

 

[REMAINDER OF THIS PAGE IS
INTENTIONALLY LEFT BLANK]

 

    6 

     

    

 

IN WITNESS WHEREOF, Guarantor
has caused this Guaranty to be signed by its respective officer thereunto duly authorized, all as of the date first written above.

 

GUARANTOR

 

VIREO HEALTH INTERNATIONAL, INC.

 

	By:	 	 
	Name:	 	 
	Title:	 	 

 

    7Exhibit 10.21

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT (this
 “Agreement”) is effective the later of May 1, 2019 or the date the Executive signs the Agreement (the “Effective
Date”), by and between JGMT, LLC, a Florida limited liability company (the “Company”), and Louis J. Barack
(the “Executive”). (Company and Executive are sometimes individually referred to herein as a “Party”
and collectively as the “Parties.”)

 

WHEREAS, the Executive was hired by the
Company on April 1, 2018.

 

WHEREAS, the Executive agrees
to continue to provide services for the benefit of the Company for the additional period provided herein, and the Company wishes to procure
such services as provided herein; and

 

NOW, THEREFORE, in consideration
of the foregoing, of the mutual promises contained herein and of other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Parties hereto hereby agree as follows:

 

1.            Employment
Term. This Agreement shall become effective as of the Effective Date and Executive’s employment with the Company shall continue
in accordance with the terms of this Agreement until such employment is terminated pursuant to Section 4 hereof (the “Term”).

 

2.            Position
and Duties; Exclusive Employment; No Conflicts.

 

(a)            Position
and Duties; Exclusive Employment. During the Term, Executive shall serve as EVP of Business Development, reporting directly to the
Company’s Chief Executive Officer (the “CEO”), or the CEO’s designee (such designation to be made in writing),
and shall have such duties, authority, and responsibility as shall be assigned and determined from time to time by the CEO, or the CEO’s
designee, including duties and responsibilities for the Company, its current parent, Jushi Inc (“Parent”), any future
parent of the Company, and each of their current and future subsidiaries and affiliates (collectively referred to herein as the “Company
Group”). Executive acknowledges that Executive’s duties and responsibilities for Company Group shall include, but shall
not be limited to, identifying, strategizing and developing new business opportunities for the Company Group. Executive agrees to devote
Executive’s full business time and attention exclusively to the performance of Executive’s duties hereunder and in furtherance
of the business of Company Group. Executive also acknowledges that Executive’s position, title, duties and/or responsibilities
may change from time to time as needed and determined by the CEO and such change(s) shall not constitute a termination by the Company.
During the Employment term, Executive shall (i) perform Executive’s duties and responsibilities hereunder faithfully and to
the best of Executive’s abilities in a diligent manner and in accordance with the Company Group’s policies and applicable
law, (ii) use Executive’s commercially reasonable best efforts to promote the success of the Company Group, (iii) not
do anything, or permit anything to be done at Executive’s direction, that is intended to be inconsistent with Executive’s
duties to the Company Group or opposed to the best interests of the Company Group or which is a conflict of interest, in each case, subject
to applicable law, and (iv) not be or become an officer, director, manager, employee, advisor, or consultant of any business other
than that of the Company Group without prior written authorization from the CEO. Notwithstanding the foregoing, Executive may engage
in religious, charitable or other community activities as long as such services and activities do not interfere with Executive’s
performance of Executive’s duties to Company Group.

 

    

     

    

 

(b)            Principal
Office. Executive’s principal office will be located in Boca Raton, FL but Executive will be expected to travel extensively
on behalf of the Company.

 

(c)            No
Conflict. Executive represents and warrants to the Company that Executive has the capacity to enter into this Agreement, and that
the execution, delivery and performance of this Agreement by Executive will not violate any agreement, undertaking or covenant to which
Executive is party or is otherwise bound, including any obligations with respect to non-competition, non-solicitation, or proprietary
or confidential information of any other person or entity.

 

		3.	Compensation;
                                            Benefits.

 

(a)            Base
Salary. During the Employment Term, the Company shall pay to Executive an annual base salary of Two-Hundred Fifty Thousand and No/100
Dollars ($250,000) (as the same may be increased from time to time, the “Base Salary”), which shall be payable in
regular installments in accordance with the Company’s customary payroll practices and procedures or, at the Company’s election,
in cash, but in no event less frequently than monthly, and prorated for any partial year worked.

 

(b)            Anniversary
Bonus. During the Employment Term, the Company shall pay to Executive a bonus of Fifty Thousand and No/100 Dollars ($50,000.00) following
each continuous year of employment with the Company measured from the Executive’s date of hire (“Anniversary Date”),
such bonus is the “Anniversary Bonus”. As a condition of receipt of the Anniversary Bonus, the Executive must be employed
by the Company in a full-time and continuous manner through the Anniversary Date.

 

(c)            Welfare
Benefit Plans. During the Employment Term, Executive shall be eligible for participation in the welfare benefit plans, practices,
policies and programs (including, if applicable, medical, dental, disability, employee life, group life and accidental death insurance
plans and programs) maintained by the Company or its affiliates for Executives of the Company, subject in each instance to the terms
and conditions of such plans, practices, policies and programs.

 

(d)            Expenses.
During the Employment Term, Executive shall be entitled to reimbursement of all documented reasonable business expenses incurred by Executive
in accordance with the policies, practices and procedures of the Company applicable to employees of the Company, as in effect from time
to time. To the extent that any reimbursement of expenses under this Section 3(e) constitutes “deferred compensation”
under Section 409A of the Internal Revenue Code of 1986 and the regulations and guidance promulgated thereunder (as amended, the
 “Code” and such section of the Code, “Code Section 409A”), such reimbursement shall be provided
no later than December 31 of the year following the year in which the expense was incurred. The amount of expenses reimbursed in
one year shall not affect the amount eligible for reimbursement in any subsequent year and the right to payment or reimbursement or in-kind
benefits hereunder may not be liquidated or exchanged for any other benefit.

 

    2

     

    

 

(e)            Vacation.
During the Employment Term, Executive shall be entitled to time off as needed, in accordance with the plans, policies, programs and practices
of the Company applicable to its employees, and, in each case, subject to the consent of the CEO.

 

(f)            Equity
Compensation. Executive shall be eligible to receive such equity- based compensation awards from the Parent at such time, in such
amounts and subject to such terms and conditions as the Parent’s board of directors (or the compensation committee of such board
of directors) may decide; provided, however, that all such equity-based compensation awards outstanding as of the closing date of a Change
in Control of the Company (as defined in Section 4(g)) shall become fully vested, exercisable and nonforfeitable immediately
upon closing of such Change in Control.

 

(g)            Withholding
Taxes. All forms of compensation paid or payable to Executive, whether under this Agreement or otherwise, are subject to reduction
to reflect applicable withholding and payroll taxes pursuant to any applicable law or regulation.

 

4.            Termination.
This Agreement and Executive’s employment with the Company may be terminated in accordance with any of the following provisions.

 

(a)            Termination
by the Company Without Cause. The Company may terminate Executive’s employment and this Agreement without Cause (as defined
in Section 4(g)) by providing written notice to the Executive at least fourteen (14) days prior to the effective date of
termination (the “Notice Period”). During the Notice Period, Executive shall continue to perform the duties of Executive’s
position and the Company shall continue to compensate Executive as set forth herein. Notwithstanding the foregoing, the Company will
have the option of requiring Executive to immediately vacate the Company’s premises and cease performing Executive’s duties
hereunder. If the Company so elects this option, then the Company will be obligated to compensate the Executive for the duration of the
Notice Period. In the event Company terminates Executive’s employment and this Agreement without Cause and Executive executes a
general release of all claims in a form prescribed by the Company and such Release becomes final, binding and irrevocable no more than
55 days after Executive’s termination of employment (“Release”), the Company shall pay Executive a one-time
lump sum payment equal to six (6) months of Executive’s Base Salary (the “Severance Payment”) within five
(5) business days after the expiration of the applicable revocation period with respect to such Release; provided that if Executive’s
employment is terminated on or after November 1 of any taxable year and prior to January 1 of the following taxable year, such
Severance Payment shall not be paid to Executive until the beginning of the taxable year following the taxable year in which Executive’s
employment is terminated but shall include all amounts that would otherwise have been paid to the Executive during the period beginning
on the date of the Executive's termination and ending on the Severance Payment date as if no delay had been imposed.

 

(b)            Termination
by Executive. Executive may terminate his employment and this Agreement by providing written notice to the Company at least thirty
(30) days prior to the effective date of termination (the “Notice Period”). During the Notice Period, Executive shall
continue to perform the duties of Executive’s position and the Company shall continue to compensate Executive as set forth herein.
Notwithstanding the foregoing, the Company will have the option of requiring Executive to immediately vacate the Company’s premises
and cease performing Executive’s duties hereunder. If the Company so elects this option, then the Company will be obligated
to compensate the Executive for the duration of the Notice Period.

 

    3

     

    

 

(c)            Termination
By the Company for Cause. The Company may terminate Executive’s employment and this Agreement for Cause, which shall be effective
upon delivery by the Company of written notice to Executive of such termination, subject to any cure period as required within the definition
of Cause.

 

(d)            Termination
Due to a Change in Control. If a Change in Control (as defined in Section 4(g)) occurs during the Employment Term, the
Executive’s employment shall be terminated, and if the Executive signs the Release (as defined in Section 4(a), the
Company shall pay to the Executive the Severance Payment (described in Section 4(a)) within five (5) business days after
the expiration of the applicable revocation period in the Release.

 

(e)            Death
of Executive. Executive’s employment and this Agreement shall terminate automatically upon the date of Executive’s death.

 

(f)            
Disability of Executive     This Agreement shall be terminated upon thirty (30) days’ written
notice by Company to Executive that Company has made a good faith determination that Executive has a Disability (as defined in Section 4(g)).

 

(g)            Definitions.
The terms set forth below have the following meanings, except where otherwise expressly indicated:

 

(i)            “Cause”
shall mean, with respect to Executive, one or more of the following: (i) commission of a felony or other crime involving moral
turpitude, including crimes related to compliance with applicable laws related to cannabis; provided, that for the sake of clarity,
no action or inaction by Executive that may be considered a violation of any U.S. federal law prohibiting the sale of cannabis
products shall be grounds for any termination by the Company for Cause, nor shall such action or inaction be a violation of this
Agreement for any reason; (ii) the commission of any act or omission involving moral turpitude, misappropriation, embezzlement,
dishonesty, or fraud; (iii) the commission of any act or omission which is significantly injurious to the Company Group,
monetarily; (iv) reporting to
work under the influence of alcohol or illegal drugs, or other conduct causing the Company Group public disgrace or disrepute or
significant economic harm, whether such conduct occurred in conjunction with the performance of Executive’s duties for the
Company Group, or otherwise; (v) willful and repeated failure to perform material duties as reasonably directed by the CEO
(other than as a result of illness or injury); (vi) any act or omission aiding or abetting a competitor, supplier or customer
of the Company Group to the disadvantage or detriment of the Company Group; (vii) breach of any applicable fiduciary duty with
respect to the Company Group, or gross negligence or willful misconduct; (viii) any other material breach of this Agreement or
(ix) material failure to comply with the Company’s material policies governing business ethics or code of conduct. The
Company shall provide twenty-one (21) days’ notice prior to terminating for Cause under clause (iii), (v), (viii) or
(ix) of this paragraph to provide the Executive with an opportunity to cure any act or omission constituting Cause pursuant to
such subsections (iii), (v), (viii) or (ix) of this paragraph, to the extent such act or omission is curable. In no event
shall the Executive have more than one cure opportunity with respect to the recurrence of the same or similar actions or inactions
constituting Cause.

 

    4

     

    

 

		(ii)	“Change
                                            of Control” means the occurrence of any one of the following:

 

(A)            
any one person (or more than one person acting as a group) other than any trustee or other fiduciary holding securities of the Parent
under an employee benefit plan of the Parent, an underwriter temporarily holding securities pursuant to an offering of such securities
or any corporation owned, directly or indirectly, by the stockholders of the Parent in substantially the same proportions as their ownership
of stock of the Parent, directly or indirectly acquires equity securities representing more than 50% of the combined voting power of
the Parent’s then outstanding equity securities;

 

(B)            the
consummation of a reorganization, merger, statutory share exchange, consolidation, amalgamation or similar corporate transaction (each,
a “Business Combination”) other than a Business Combination in which all or substantially all of the persons who were the
beneficial owners of the Parent’s voting securities immediately prior to such Business Combination beneficially own, directly or
indirectly, 50% or more of the combined voting power of the voting securities of the entity resulting from such Business Combination
(including, without limitation, an entity which as a result of the Business Combination owns the Parent or all or substantially all of
the Parent’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership
of the Parent’s voting securities immediately prior to such Business Combination; or

 

(C)            any
one person (or more than one person acting as a group) acquires all or substantially all of the assets of the Parent within any twelve
(12) consecutive month period.

 

Notwithstanding the forgoing, none of
the foregoing events shall constitute a Change of Control of the Parent unless such event also constitutes a change in ownership of the
Parent within the meaning of Treasury Regulation Section 1.409A- 3(i)(5)(v) or a change in ownership of a substantial portion
of the assets of the Parent within the meaning of Treasury Regulation Section 1.409A-3(i)(5)(vii).

 

(iii)            “Disability”
means (i) the Executive has been incapacitated by bodily injury, illness or disease so as to be prevented thereby from engaging
in the performance of the Executive’s duties (provided, however, that the Company acknowledges its obligations to provide reasonable
accommodation to the extent required by applicable law); (ii) such total incapacity shall have continued for a period of six (6) consecutive
months; and (iii) such incapacity will, in the opinion of a qualified physician, be permanent and continuous during the remainder
of the Executive’s life.

 

    5

     

    

 

5.            Payments
of Accrued Obligations Upon Termination. In the event that Executive’s employment with the Company terminates for any reason,
the Company’s obligation to compensate Executive shall in all respects cease as of the date of termination, except that the Company
shall pay to Executive through the date of termination (i) any accrued but unpaid Base Salary, (ii) any payments Executive
is entitled to receive pursuant to Section 4, or (iii) any rights or payments that are vested benefits or that Executive
is otherwise entitled to receive at or subsequent to the date of termination of employment under any benefit plan or any other contract
or agreement with the Company, which shall be payable in accordance with the terms of such benefit plan, contract or agreement, except
as explicitly modified by this Agreement, including, without limitation, any of Executive’s business expenses that are reimbursable,
but have not been reimbursed as of the date of termination of employment (the “Accrued Obligations”). The Company
shall pay to Executive (or to Executive’s estate in the event of Executive’s death), the Accrued Obligations (other than
the Severance Payments described in Section 4(a) and (b)) within thirty (30) days after the date of termination of Executive’s
employment with the Company.

 

6.            
Non-Disclosure of Confidential Information.

 

(a)            Confidential
Information. Executive acknowledges that in the course of Executive’s employment with the Company, Executive will be provided
with, have access to, access, use, and develop Confidential Information (as defined herein) of the Company Group. For purposes of this
Agreement, “Confidential Information” shall mean and include all information, whether written or oral, tangible or
intangible (in any form or format), of a private, secret, proprietary or confidential nature, of or concerning the Company Group or the
business or operations of the Company Group, including without limitation: any trade secrets or other confidential or proprietary information
which is not publicly known or generally known in the industry; the identity, background, and preferences of any current or prospective
clients, investors, distributors, suppliers, vendors, referral sources, and business affiliates; pricing and financial information; current
and prospective client, investor, distributor, supplier, or vendor lists and leads; proposals with prospective clients, investors, distributors,
suppliers, vendors, or business affiliates; contracts with clients, investors, distributors, suppliers, vendors or business affiliates;
marketing plans; brand standards guidelines; proprietary computer software and systems; marketing materials and information; operating
and business plans and strategies; research and development; policies and manuals; personnel information of employees that is private
and confidential; any information related to the compensation of employees, consultants, agents or representatives of Company Group;
sales and financial reports and forecasts; any information concerning any product, technology or procedure employed by Company Group
but not generally known to its current or prospective clients, investors, distributors, suppliers, vendors or competitors, or under development
by or being tested by Company Group; any inventions, innovations or improvements covered by Section 9 hereof; and information
concerning planned or pending acquisitions or divestitures. Notwithstanding the foregoing, the term Confidential Information shall not
include information which (A) becomes available to Executive from a source other than Company Group or from third parties with whom
Company Group is not bound by a duty of confidentiality, or (B) becomes generally available or known in the industry other than
as a result of its disclosure by Executive.

 

(i)            During
the course of Executive’s employment with Company, Executive agrees to use Executive’s commercially reasonable best efforts
to maintain the confidentiality of the Confidential Information, including adopting and implementing all reasonable procedures prescribed
by Company Group to prevent unauthorized use of Confidential Information or disclosure of Confidential Information to any unauthorized
person.

 

    6

     

    

 

(ii)            Executive
agrees that all Confidential Information shall be Company Group’s sole property during and after Executive’s employment with
Company. Executive agrees that Executive will not remove any hard copies of Confidential Information from Company Group’s premises,
will not download, upload, or otherwise transfer copies of Confidential Information to any external storage media or cloud storage (except
as necessary in the performance of Executive’s duties for Company Group and for Company Group’s sole benefit), and will not
print hard copies of any Confidential Information that Executive accesses electronically from a remote location (except as necessary
in the performance of Executive’s duties for Company Group and for Company Group’s sole benefit).

 

(iii)            Other
than as contemplated in Section 6(a)(iv) below, in the event that Executive becomes legally obligated to disclose any
Confidential Information to anyone other than to Company Group, Executive will provide Company with prompt written notice thereof so
that Company may seek a protective order or other appropriate remedy and Executive will cooperate with and assist Company in securing
such protective order or other remedy. In the event that such protective order is not obtained, or that Company waives compliance with
the provisions of this Section 6(a)(iii) to permit a particular disclosure, Executive will furnish only that portion
of the Confidential Information which Executive is legally required to disclose.

 

(iv)            Executive
agrees to execute and abide by the terms of the Company’s Proprietary Rights Agreement, attached as Appendix A

 

(v)            Nothing
in this Agreement shall be construed to prohibit Executive from: filing a charge or participating in any investigation or proceeding
conducted by any federal, state or local government agency charged with enforcement of any law; reporting possible violations of any
law, rule or regulation to any governmental agency or entity charged with enforcement of any law, rule or regulation; or making
other disclosures that are protected under whistleblower provisions of any law, rule or regulation. Executive acknowledges that
an individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade
secret that is: (A) made in confidence to a federal, state, or local government official, either directly or indirectly, or to an
attorney, and made solely for the purpose of reporting or investigating a suspected violation of law; or (B) made in a complaint
or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Executive further acknowledges that an individual
who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney
of the individual and use the trade secret information in the court proceeding, if the individual: (1) files any document containing
the trade secret under seal; and (2) does not disclose the trade secret, except pursuant to court order.

 

(b)            Restrictions
On Use And Disclosure Of Confidential Information. At all times during Executive’s employment with the Company and after Executive’s
employment with Company terminates, regardless of the reason for termination, Executive agrees: (i) not to use, permit use of, discuss,
disclose, transfer, or disseminate in any manner any Confidential Information, except as necessary in the performance of Executive’s
duties for Company Group and for Company Group’s sole benefit; (ii) not to make, or cause to be made, copies (in any form
or format) of the Confidential Information, except as necessary in the performance of Executive’s duties for Company Group and
for Company Group’s sole benefit; and (iii) to promptly and fully advise the Company of all facts known to Executive concerning
any actual or threatened unauthorized use of the Confidential Information or disclosure of the Confidential Information to any unauthorized
person about which Executive becomes aware. The restrictions contained in this Section 6(b) also apply to Confidential
Information developed by Executive during Executive’s employment with the Company, which are related to the Company Group or to
the Company Group’s successor or assigns, as such information is developed for the benefit of and ownership of the Company Group
and all rights and privileges to such information or derivative works, including but not limited to trademarks, patents and copyrights
remain with the Company Group.

 

    7

     

    

 

(c)            Third
Party Information. Executive acknowledges that during the course of Executive’s employment with the Company, Executive may
receive or have access to, confidential or proprietary information belonging to third parties (“Third Party Information”).
During the Employment Term and thereafter, Executive agrees: (i) to hold the Third Party Information in the strictest confidence,
take all reasonable precautions to prevent the inadvertent disclosure of the Third Party Information to any unauthorized person, and
follow all of the Company’s policies regarding protecting the Third Party Information; (ii) not to use, permit use of, discuss,
disclose, transfer, or disseminate in any manner any Third Party Information, except as necessary in the performance of Executive’s
duties for Company Group; (iii) not to make, or cause to be made, copies (in any form or format) of the Third Party Information,
except as necessary in the performance of Executive’s duties for Company Group or as compelled by subpoena or other legal order
or process; and (iv) to promptly and fully advise the Company of all facts known to Executive concerning any actual or threatened
unauthorized use of the Third Party Information or disclosure of the Third Party Information to any unauthorized person about which Executive
becomes aware.

 

(d)            Return
of Confidential Information and Property. Upon termination of Executive’s employment with the Company, notwithstanding the
reason or cause of termination, and at any other time upon written request by the Company, Executive shall promptly return to the Company
all originals, copies, or duplicates, in any form or format (whether paper, electronic or other storage media), of the Confidential Information
and the Third Party Information, as well as any and all other documents, computer discs, computer data, equipment, and property of the
Company Group (including, but not limited to, cell phones, credit cards, and laptop computers if they have been provided to Executive),
relating in any way to the business of the Company Group or in any way obtained by Executive during and in the course of Executive’s
employment with the Company. Executive further agrees that after termination of Executive’s employment with the Company, Executive
shall not knowingly retain any copies, notes, or abstracts in any form or format (whether paper, electronic or other storage media) of
the Confidential Information, the Third Party Information, or other documents or property belonging to the Company Group.

 

		7.	Non-Competition;
                                            Non-Solicitation.

 

(a)            Non-Competition.
Executive acknowledges the highly competitive nature of Company Group’s business and, in consideration of Executive’s employment
with the Company, access to the Confidential Information, the payment of the Base Salary, grant of equity-based compensation awards,
eligibility for Severance Payment pursuant to Section 4(a) or (b) and other benefits by Company to Executive pursuant
to the terms hereof (which Executive acknowledges is sufficient to justify the restrictions contained herein), Executive agrees that
during the Employment Term and for six (6) months the date of termination of Executive’s employment with Company for any reason
(the “Restricted Period”), Executive will not engage, directly or indirectly, as a principal, officer, agent, employee,
director, member, partner, stockholder (other than as the passive holder of less than five percent (5%) of the outstanding stock of a
publicly- traded corporation), independent contractor, or through the investment of capital, lending of money or property, rendering
of consulting services or advice, or in any other capacity, whether with or without compensation or other remunerations, in the Restricted
Business (as hereinafter defined) anywhere within the anywhere within the Restricted Area (as hereinafter defined). For purposes of this
Agreement, the “Restricted Area” is any country, state, province, county, or city in which Company Group conducts
the Restricted Business as of the date of termination of Executive’s employment with Company or conducted the Restricted Business
within the one-year period prior to the date of termination of Executive’s employment with the Company. For purposes of this Agreement,
 “Restricted Business” shall mean the business of cultivating, manufacturing, processing, packaging, purchasing, distributing,
dispensing, and selling cannabis and hemp products.

 

    8

     

    

 

(b)            Non-Solicitation
of Clients, Investors, Distributors, Vendors, and Suppliers. Executive agrees that during the Employment Term and for two (2) years
from the date of termination of Executive’s employment with Company for any reason, including upon expiration of the Employment
Term, Executive shall not, for Executive’s own benefit or on behalf of any other person or entity (other than the Company Group),
directly or indirectly through another person or entity: (i) contact, solicit, or communicate with any existing or prospective client,
investor, distributor, vendor, or supplier of the Company Group for the purpose of encouraging, causing, or inducing the client, investor,
distributor, vendor, or supplier to cease or reduce doing business with the Company Group; (ii) divert opportunities related to
the Restricted Business to some person or entity engaged in any part of the Restricted Business (other than for the Company Group); (iii) contact,
solicit, or communicate with any existing or prospective client, investor, distributor, vendor, or supplier of the Company Group for
the purpose of providing the client, investor, distributor, vendor, or supplier with products or services competitive with those products
or services provided by the Company Group; or (iv) aid or assist any other person, business, or entity to do any of the aforesaid
prohibited acts. The restriction created by this Section 7(b) is limited to existing and prospective clients, investors,
distributors, vendors, and suppliers of the Company Group with whom Executive had material contact or business dealings during Executive’s
employment with the Company.

 

(c)            Non-Solicitation
of Employees, Consultants, and Independent Contractors. Executive agrees that during the Employment Term and for two (2) years
from the date of termination of Executive’s employment with Company for any reason, including upon expiration of the Employment
Term, Executive will not, directly or indirectly (in any capacity, on Executive’s own behalf or on behalf of any other person or
entity): (i) solicit, request, induce or encourage any employees, consultants, or independent contractors of the Company Group to
terminate their employment, to cease to be engaged by the Company Group, and/or to terminate or reduce their business relationship with
the Company Group; or (ii) hire, employ, or offer to hire or employ any employee, consultant, or independent contractor of
the Company Group (other than for the Company Group).

 

    9

     

    

 

(d)            Scope
of Restrictive Covenants. Company and Executive recognize and agree that the Company Group conducts business operations and generates
revenues from clients throughout the Restricted Area. Executive acknowledges that the Company Group would be greatly damaged if Executive
took action that would violate the restrictive covenants of this Section 7 anywhere in the Restricted Area. Accordingly,
Company and Executive agree that the restrictive covenant provisions contained in this Section 7 are applicable to the Restricted
Area, and Executive shall be prohibited from violating the terms of this Section 7 from any location anywhere in the Restricted
Area. The Parties acknowledge and agree that the scope of the restrictive covenants in this Section 7 shall not prevent Executive
from engaging in the practice of law in the Restricted Business or otherwise.

 

(e)            Reasonableness
of Restrictive Covenants. Executive agrees and acknowledges that to assure the Company that the Company Group will retain the value
of its operations, it is necessary that the Executive abide by the restrictions set forth in this Agreement. Executive further agrees
and acknowledges that during the Employment Term, Executive will be engaged in, obtain Confidential Information about, and have operational
duties and responsibilities in connection with, all aspects of the Restricted Business. Executive further agrees that the promises made
in this Agreement are reasonable and necessary for protection of the Company Group’s legitimate business interests including, but
not limited to: the Confidential Information; client good will associated with the specific marketing and trade area in which the Company
Group conducts its business; the Company Group’s substantial relationships with prospective and existing clients, investors, distributors,
vendors, and suppliers; and a productive and competent and undisrupted workforce. Executive agrees that the restrictive covenants in
this Agreement will not prevent Executive from earning a livelihood in Executive’s chosen business, they do not impose an undue
hardship on Executive, and that they will not injure the public.

 

(f)            Tolling
of Restrictive Period. The time period during which Executive is to refrain from the activities described in Section 7
of this Agreement will be extended by any length of time during which Executive is in breach of any provision of this Agreement. The
Executive acknowledges that the purposes and intended effects of the restrictive covenants would be frustrated by measuring the period
of the restriction from the date of termination of Executive’s employment where the Executive failed to honor the restrictive covenant
until required to do so by court order.

 

8.            Non-Disparagement.
Executive agrees that at all times during and after the Employment Term, Executive will not engage in any conduct that is injurious to
the reputation or interests of the Company Group, including, but not limited to, making disparaging comments (or inducing or encouraging
others to make disparaging comments) about the Company Group, any of the shareholders, members, directors, officers, employees, investors,
or agents of the Company Group, or the Company Group’s operations, financial condition, prospects, products or services. However,
nothing in this Agreement shall prohibit Executive from: exercising protected rights under Section 7 of the National Labor Relations
Act; filing a charge with or participating in any investigation or proceeding conducted by the Equal Employment Opportunity Commission
or any other local, state, or federal administrative body or government agency that is authorized to enforce or administer any
law, rule, or regulation; testifying truthfully in any forum or before any government agency responsible for enforcing any law, rule,
or regulation; reporting possible violations of any law, rule or regulation to any governmental agency or entity charged with enforcement
of any law, rule or regulation; or making other disclosures that are protected under whistleblower provisions of any law, rule or
regulation.

 

    10

     

    

 

		9.	Intellectual
                                            Property.

 

(a)            Work
Product Owned By Company. Executive agrees that the Company or the applicable member of the Company Group (each individually the
 “Assigned Party”) is and will be the sole and exclusive owner of all ideas, inventions, discoveries, improvements,
designs, plans, methods, works of authorship, deliverables, writings, brochures, manuals, know-how, method of conducting its business,
policies, procedures, products, processes, software, or any enhancements, or documentation of or to the same and any other work product
in any form or media that Executive makes, works on, conceives, or reduces to practice, individually or jointly with others, in the course
of Executive’s employment for the Assigned Party and with the use of the Assigned Party’s time, materials or facilities,
and is in any way related or pertaining to or connected with the present or anticipated business, products or services of the Assigned
Party whether produced during normal business hours or on personal time (collectively, “Work Products”).

 

(b)            Definition
of Intellectual Property. “Intellectual Property” means any and all (i) copyrights and other rights
associated with works of authorship, (ii) trade secrets and other confidential information, (iii) patents, patent
disclosures and all rights in inventions (whether patentable or not), (iv) trademarks, trade names, Internet domain names,
and registrations and applications for the registration thereof together with all of the goodwill associated therewith, (v) all
other intellectual and industrial property rights of every kind and nature throughout the world and however designated, whether
arising by operation of law, contract, license, or otherwise, and (vi) all registrations, applications, renewals,
extensions, continuations, divisions, or reissues thereof now or hereafter in effect.

 

(c)            Assignment.
Executive acknowledges Executive’s work and services provided for the Assigned Party and all results and proceeds thereof, including,
the Work Products, are works done under Company Group’s direction and control and have been specially ordered or commissioned by
the Company Group. To the extent the Work Products are copyrightable subject matter, they shall constitute “works made for hire”
for the Company Group within the meaning of the Copyright Act of 1976, as amended, and shall be the exclusive property of the Assigned
Party. Should any Work Product be held by a court of competent jurisdiction to not be a “work made for hire,” and for any
other rights, Executive hereby assigns and transfers to Assigned Party, to the fullest extent permitted by applicable law, all right,
title, and interest in and to the Work Products, including but not limited to all Intellectual Property pertaining thereto, and in and
to all works based upon, derived from, or incorporating such Work Products, and in and to all income, royalties, damages, claims and
payments now or hereafter due or payable with respect thereto, and in and to all causes of action, either in law or in equity for past,
present, or future infringement. Executive hereby waives and further agrees not to assert Executive’s rights known in various jurisdictions
as moral rights and grants the Company Group the right to make changes, as the Company Group deems necessary, in the Work Products.

 

    11

     

    

 

(d)            License
of Intellectual Property Not Assigned. Notwithstanding the above, should Executive be deemed to own or have any Intellectual Property
that is used, embodied, or reflected in the Work Products, Executive hereby grants to the Company Group, its successors and assigns,
the non-exclusive, irrevocable, perpetual, worldwide, fully paid and royalty-free license, with rights to sublicense through multiple
levels of sublicenses, to use, reproduce, publish, create derivative works of, market, advertise, distribute, sell, publicly perform
and publicly display and otherwise exploit by all means now known or later developed the Work Products and Intellectual Property.

 

(e)            Maintenance;
Disclosure; Execution; Attorney-In-Fact. Executive will, at the request and cost of the Assigned Party, sign, execute, make and do
all such deeds, documents, acts and things as the Assigned Party and their duly authorized agents may reasonably require to apply for,
obtain and vest in the name of the Assigned Party alone (unless the Assigned Party otherwise directs) letters patent, copyrights or other
analogous protection in any country throughout the world and when so obtained or vested to renew and restore the same. In the event the
Assigned Party is unable, after reasonable effort, to secure Executive’s signature on any letters patent, copyright or other analogous
protection relating to a Work Product, whether because of Executive’s physical or mental incapacity or for any other reason whatsoever,
Executive hereby irrevocably designates and appoints the Assigned Party and its duly authorized officers and agents as Executive’s
agent and attorney-in-fact (which designation and appointment shall be (i) deemed coupled with an interest and (ii) irrevocable,
and shall survive Executive’s death or incapacity), to act for and in Executive’s behalf and stead to execute and file any
such application or applications and to do all other lawfully permitted acts to further the prosecution and issuance of letters patent,
copyright or other analogous protection thereon with the same legal force and effect as if executed by Executive.

 

(f)            Executive’s
Representations Regarding Work Products. Executive represents and warrants that all Work Products that Executive makes, works on,
conceives, or reduces to practice, individually or jointly with others, in the course of performing Executive’s duties for Assigned
Party under this Agreement are (i) original or an improvement of the Assigned Party’s prior Work Products and (ii) do
not include, copy, use, or infringe any Intellectual Property rights of a third party.

 

10.            Cooperation.
During the Employment Term and thereafter, Executive will cooperate with all reasonable requests by the Company Group for assistance
in connection with any investigations or legal proceedings involving the Company Group, including by providing truthful testimony in
person in any such legal proceedings without having to be subpoenaed; provided, however, that the foregoing shall not apply to any investigation
or legal proceeding involving disputes between Executive and the Company Group arising under this Agreement or any other agreement.

 

11.            Severability;
Independent Covenants. If any term or provision of this Agreement shall be determined by a court of competent jurisdiction to be
illegal, invalid or unenforceable for any reason, the remaining provisions of this Agreement shall remain enforceable and the invalid,
illegal or unenforceable provisions shall be modified so as to be valid and enforceable and shall be enforced as modified; provided,
that no severance shall be effective if it materially changes the economic benefit of this Agreement to either party. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the parties shall negotiate, in good faith,
a legal, valid and enforceable substitute provision which most nearly effects, to the extent possible, the same economic, business or
other purposes of the invalid, illegal or unenforceable provision. If, moreover, any part of this Agreement is for any reason held too
excessively broad as to time, duration, geographic scope, activity, or subject, it is the intent of the parties that this Agreement shall
be judicially modified by limiting or reducing it so as to be enforceable to the extent compatible with the applicable law. Except as
otherwise provided in this Agreement, the existence of any claim or cause of action of Executive against the Company Group (or against
any member, shareholder, director, officer, or employee thereof), whether arising out of the Agreement or otherwise, shall not constitute
a defense to: (i) the enforcement by the Company Group of any of the restrictive covenants contemplated by this Agreement; or (ii) the
Company Group’s entitlement to remedies hereunder. Executive’s obligations under this Agreement are independent of any of
the Company Group’s obligations to the Executive.

 

    12

     

    

 

12.            Remedies
for Breach. Executive acknowledges and agrees that it would be difficult to measure the damages to the Company Group from any breach
or threatened breach by Executive of this Agreement, including but not limited to Sections 6, 7, 8 or 9 hereof; that injury
to the Company Group from any such breach would be irreparable; and that money damages would therefore be an inadequate remedy for any
such breach. Accordingly, Executive agrees that if Executive breaches or threatens to breach any of the promises contained in this Agreement,
the Company Group shall, in addition to all other remedies it may have (including monetary remedies), be entitled to seek an injunction
and/or equitable relief, on a temporary or permanent basis, to restrain any such breach or threatened breach without showing or proving
any actual damage to the Company Group. Nothing herein shall be construed as a waiver of any right the Company Group may have or hereafter
acquire to pursue any other remedies available to it for such breach or threatened breach, including recovery of damages from Executive.

 

13.            Attorneys’
Fees and Costs. In any action brought to enforce or otherwise interpret any provision of this Agreement, the prevailing party shall
be entitled to recover reasonable attorneys’ fees and costs from the non-prevailing party to the action or proceeding, including
through settlement, judgment and/or appeal.

 

14.            Assignment;
Third-Party Beneficiaries. The rights of the Company under this Agreement may, without the consent of Executive, be assigned by the
Company to (i) any person, firm, corporation, or other business entity which at any time, whether by purchase, merger, or otherwise,
directly or indirectly, acquires all or substantially all of the Company’s stock or assets, or (ii) any affiliate or future
affiliate of the Company, and such assignment by Company pursuant to this Section 14 shall automatically, and without any
further action required by the Parties, relieve the assignor Company (and discharge and release the assignor Company) from all obligations
and liabilities under or related to this Agreement (all such obligations and/or automatically liabilities assumed by the assignee Company).
This Agreement shall be binding upon and inure to the benefit of any successor or assigns of Company. Executive may not assign this Agreement
without the written consent of the Company. Executive agrees that each member of the Company Group is an express third-party beneficiary
of this Agreement, and this Agreement, including the restrictive covenants and other obligations set forth in Sections 6, 7, 8, 9,
and 10 hereof, are for each such member’s benefit. Executive expressly agrees and consents to the enforcement of this
Agreement, including but not limited to the restrictive covenants and other obligations in Sections 6, 7, 8, 9, and 10
hereof, by any member of the Company Group as well as by the Company Group’s future affiliates, successors and/or assigns.

 

    13

     

    

 

15.            Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without giving effect
to any choice of law or conflict of law provision or rule that would cause the application of the laws of any jurisdiction other
than the State of Florida.

 

16.            Jurisdiction;
Venue. The Parties hereto irrevocably and unconditionally submit to the exclusive jurisdiction of any state or federal court sitting
in Palm Beach County, Florida over any suit, action or proceeding arising out of or relating to this Agreement. Service of any process,
summons, notice or document by U.S. registered mail sent to the address of any Party for receipt of notices hereunder as provided in
Section 23 hereof shall be effective service of process for any action, suit or proceeding brought against such Party in
any such court. The Parties hereto irrevocably and unconditionally waive any objection to the laying of venue of any such suit, action
or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such court has been brought
in an inconvenient forum. A final judgment in any suit, action or proceeding brought in any such court shall be conclusive and binding
upon the Parties and may be enforced in any other courts to whose jurisdiction a Party is or may be subject, by suit upon such judgment.

 

17.            Mutual
Waiver of Jury Trial. EACH PARTY HERETO IRREVOCABLY WAIVES ANY AND ALL RIGHTS IT MAY HAVE TO DEMAND A TRIAL BY JURY FOR
ANY CAUSE OF ACTION, CLAIM, RIGHT, ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN ANY WAY RELATED TO THIS AGREEMENT OR THE RELATIONSHIP
OF THE PARTIES. THIS WAIVER EXTENDS TO ANY AND ALL RIGHTS TO DEMAND A TRIAL BY JURY ARISING FROM ANY SOURCE, INCLUDING BUT NOT LIMITED
TO THE CONSTITUTION OF THE UNITED STATES, THE CONSTITUTION OF ANY STATE, COMMON LAW OR ANY APPLICABLE STATUTE OR REGULATION. EACH PARTY
HEREBY ACKNOWLEDGES THAT IT IS KNOWINGLY AND VOLUNTARILY WAIVING THE RIGHT TO DEMAND TRIAL BY JURY.

 

18.            Waiver.
No waiver of any breach or other rights under this Agreement shall be deemed a waiver unless the acknowledgment of the waiver is in writing
executed by the Party committing the waiver. No waiver shall be deemed to be a waiver of any subsequent breach or rights. All rights
are cumulative under this Agreement. The failure or delay of the Company at any time or times to require performance of, or to exercise
any of its powers, rights or remedies with respect to any term or provision of this Agreement or any other aspect of Executive’s
conduct or employment in no manner (except as otherwise expressly provided herein) shall affect the Company’s right at a later
time to enforce any such term or provision.

 

19.            Survival.
Executive’s post-termination obligations and the Company Group’s post- termination rights under Sections 6 through
19 of this Agreement shall survive the termination of this Agreement and the termination of Executive’s employment with
the Company regardless of the reason for termination, including upon expiration of the Employment Term; shall continue in full force
and effect in accordance with their terms; and shall continue to be binding on the parties.

 

    14

     

    

 

20.            Independent
Advice. Executive acknowledges that the Company has provided Executive with a reasonable opportunity to obtain independent legal
advice with respect to this Agreement and, particularly, to understand and acknowledge the restrictions being placed on Executive pursuant
to Sections 6-13 of this Agreement, and that Executive has had such independent legal advice prior to executing this Agreement.

 

21.            Entire
Agreement. This Agreement constitutes the entire understanding of the Parties relating to the subject matter hereof and supersedes
all prior agreements, understandings, arrangements, promises and commitments, whether written or oral, express or implied, relating to
the subject matter hereof, and all such prior agreements, understandings, arrangements, promises and commitments are hereby canceled
and terminated.

 

22.            Amendment.
This Agreement may not be amended, supplemented or modified in whole or in part except by an instrument in writing signed by the Party
or Parties against whom enforcement of such amendment, supplement, or modification is sought.

 

23.            Notices.
Any notice, request or other document required or permitted to be given under this Agreement shall be in writing and shall be deemed
given: (a) upon delivery, if delivered by hand; (b) three business (3) days after the date of deposit in the mail, postage
prepaid, if mailed by certified U.S. mail; or (c) on the next business day, if sent by prepaid overnight courier service. If not
personally delivered by hand, notice shall be sent using the addresses set forth below or to such other address as either party may designate
by written notice to the other:

 

If to the Executive: at the Executive’s
most recent address on the records of the Company.

 

If to the Company, to:

 

JGMT, LLC

1800 NW Corporate Blvd., Suite 200

Boca Raton, FL 33431

Attn: Chief Executive Officer

 

24.            Code
Section 409A Compliance. It is intended that the provisions of this Agreement are either exempt from or comply with the terms
and conditions of Code Section 409A, and to the extent that the requirements of Code Section 409A are applicable thereto, all
provisions of this Agreement shall be construed in a manner consistent with the requirements for avoiding taxes or penalties under Code
Section 409A. Notwithstanding the foregoing, the Company shall have no liability with regard to any failure to comply with Code
Section 409A. If under this Agreement, an amount is to be paid in two or more installments, for purposes of Code Section 409A,
each installment shall be treated as a separate payment. Notwithstanding anything herein to the contrary or otherwise, except to the
extent any expense, reimbursement or in-kind benefit provided pursuant to this Section does not constitute a “deferral of
compensation” within the meaning of Code Section 409A and the regulations and other guidance thereunder: (i) the amount
of expenses eligible for reimbursement or in-kind benefits provided to Executive during any calendar year will not affect the amount
of expenses eligible for reimbursement or in-kind benefits provided to Executive in any other calendar year; (ii) the reimbursements
for expenses for which Executive is entitled to be reimbursed shall be made on or before the last day of the calendar year following
the calendar year in which the applicable expense is incurred; and (iii) the right to payment or reimbursement or in-kind benefits
hereunder may not be liquidated or exchanged for any other benefit.

 

    15

     

    

 

		25.	Excess
                                            Parachute Excise Tax.

 

(a)            If
any payment or other benefit (including any acceleration of vesting) Executive would receive in connection with a Change in Control (the
 “Benefit”) would (i) constitute a “parachute payment” within the meaning of Code Section 280G,
and (ii) but for this sentence, be subject to the excise tax under Section 4999 (the “Excise Tax”), then
the Benefit shall be reduced to the largest portion of the Benefit that would result in no portion of the Benefit being subject to the
Excise Tax unless the value of the Benefit that Executive would retain without regard to such reduction after taking into account all
applicable federal, state, and local employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable marginal
rate),notwithstanding that all or some portion of the Benefit may be subject to the Excise Tax (the “Non-Reduced After-Tax Benefit”),
exceeds the value of the Benefit that Executive would retain after taking into account the reduction in this sentence and after taking
into account all applicable federal, state, and local employment taxes and income taxes (all computed at the highest applicable marginal
rate) (the “Reduced After-Tax Benefit”). If a reduction in the Benefits is necessary, the reduction in Benefits shall
occur in the following order unless Executive elects in writing a different order (provided, however, that such election
shall be subject to the Company’s approval if made on or after the date on which the event that triggers the Benefit occurs and
to the extent that such election does not violate Code Section 409A): reduction of cash payments; cancellation of accelerated vesting
of stock awards; reduction of employee benefits. In the event that accelerated vesting of stock awards is to be reduced, such accelerated
vesting shall be cancelled in the reverse order of the grant date of Executive’s stock awards unless Executive elects in writing
a different order for cancellation.

 

(b)            The
accounting firm engaged by the Company for general audit purposes as of the day prior to the effective date of the Change in Control
shall perform any calculations necessary in connection with this Section 25. If the accounting firm so engaged by the Company
is serving as accountant or auditor for the individual, entity, or group effecting the Change in Control, the Company shall appoint another
qualified accounting firm to make the determinations required hereunder. The Company shall bear all expenses with respect to the determinations
by such accounting firm required to be made hereunder.

 

(c)            The
accounting firm engaged to make the determinations under this Section 25 shall provide its calculations, together with detailed
supporting documentation, to Executive and the Company within 15 calendar days after the date on which Executive’s right to a Benefit
is triggered (if requested at that time by Executive or the Company) or such other time as requested by Executive or the Company. If
the accounting firm determines that no Excise Tax is payable with respect to a Benefit, it shall furnish Executive and the Company with
an opinion reasonably acceptable to Executive that no Excise Tax will be imposed with respect to such Benefit. Any good faith determinations
of the accounting firm made hereunder shall be final, binding, and conclusive upon Executive and the Company, except as set forth below.

 

    16

     

    

 

(d)            If,
notwithstanding any reduction described in this Section 25, the Internal Revenue Service (“IRS”) makes
a final determination (after exhaustion of all appeal rights) that Executive has received additional payments or benefits that would
subject Executive to the Excise Tax (or, if applicable, additional Excise Tax), then (i) the Executive’s Benefits, Non-Reduced
After-Tax Benefits and Reduced After-Tax Benefits (each as defined in Section 25(a)) shall be recalculated to take into account
such additional payments and benefits and (ii) (A) if the Reduced After-Tax Benefit equals or exceeds the Non-Reduced After-Tax
Benefit (as recalculated), Executive shall be obligated to pay back to the Company, within 30 days after a final IRS determination, or,
in the event Executive challenges the final IRS determination, within 30 days after a final judicial determination, the minimum amount
necessary to reduce the Excise Tax to $0 or (B) if the Reduced After-Tax Benefit does not exceed the Non-Reduced After-Tax Benefit,
the Company shall pay to the then the Company shall pay to Executive those Benefits that were previously reduced pursuant to Section 25(a) within
30 days after Executive notifies the Company in writing of such final IRS determination, or, final judicial determination (as applicable).

 

26.            Counterparts;
Electronic Transmission; Headings. This Agreement may be executed in counterparts, each of which shall be deemed an original, including
an electronic copy or facsimile, but both of which taken together shall constitute one and the same instrument. The headings used herein
are for ease of reference only and shall not define or limit the provisions hereof.

 

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

 

	 	COMPANY:
	 	 
	 	JGMT, LLC
	 	 
	 	By:	 
	 	 
	 	Print Name: 	 
	 	 
	 	Title:	               
	 	 
	 	EXECUTIVE:
	 	 
	 	/s/ Louis J. Barack
	 	Louis J. Barack 

    

    Address:
	 	 
	 	 
	 	 
	 	 
	 	 

 

    17

     

    

 

Appendix A

 

PROPRIETARY RIGHTS AGREEMENT

 

Schedule and exhibits to this Exhibit omitted
pursuant to Regulation S-K Item 601(b)(10)(iv). Jushi Holdings Inc. agrees to furnish supplementally a copy of any omitted schedule or
exhibit to the SEC upon request.

 

    18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}]]