Document:

EX-10.9

 Exhibit 10.9 

                       
         , 2018 
 Leo Holdings Corp. 

21 Grosvenor Place 
 London, SW1X 7HF 

Citigroup Global Markets Inc. 
 388 Greenwich Street 

New York, New York 10013 
  

	Re:	 	Initial Public Offering 

 Ladies and Gentlemen: 

This letter is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and
between Leo Holdings Corp., a Cayman Islands exempted company (the “Company”) and Citigroup Global Markets Inc. as representative (the “Representative”) of the several underwriters named in Schedule I
thereto (the “Underwriters”), relating to an underwritten initial public offering (the “IPO”) of the Company’s units (the “Units”), each unit comprised of one Class A
ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Shares”), and one-third of one redeemable warrant, each whole warrant
exercisable for one Class A Ordinary Share (each, a “Warrant”). Certain capitalized terms used herein are defined in paragraph 12 hereof. 

In order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition of the benefit
that such IPO will confer upon the undersigned as a shareholder of the Company, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned hereby agrees with the Company as follows:

  

	1.	 	If the Company solicits approval of its shareholders of a Business Combination, the undersigned will vote all shares beneficially owned by him, her or it, whether acquired before, in or after the IPO, in favor of such
Business Combination. 

  

	2.	 	 In the event that the Company fails to consummate a Business Combination within the time period set forth in the
Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time (the “Charter”), the undersigned will, as promptly as possible, take all necessary actions to cause the
Company to (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible, but not more than 20 business days thereafter, redeem the IPO Shares, at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the Trust Account not previously released to the Company (less taxes payable and up to $100,000 of such net interest to pay
dissolution expenses), divided by the number of then outstanding IPO Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), and
(iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board 

	 	 
of directors, dissolve and liquidate, subject in the cases of clauses (ii) and (iii) to the Company’s obligations under Cayman Islands law to provide for claims of creditors and other
requirements of applicable law. The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Account and any remaining net assets of the Company as a result of such liquidation with
respect to the Founder Shares owned by the undersigned. However, if any of the undersigned have acquired IPO Shares in or after the IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such IPO Shares in the
event that the Company fails to consummate a Business Combination within the time period set forth in the Charter. The undersigned acknowledges and agrees that there will be no distribution from the Trust Account with respect to any Warrants, all
rights of which will terminate on the Company’s liquidation. 

  

	3.	 	The undersigned acknowledges and agrees that prior to entering into a definitive agreement for a Business Combination with a target business that is affiliated with the undersigned or any other Insiders of the Company
or their affiliates, such transaction must be approved by a majority of the Company’s disinterested independent directors and the Company must obtain an opinion from an independent investment banking firm, which is a member of the Financial
Industry Regulatory Authority, or an independent accounting firm that such Business Combination is fair to the Company’s unaffiliated shareholders from a financial point of view. 

 

	4.	 	Neither the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive and will not accept any compensation or other cash payment prior to, or for services
rendered in order to effectuate, the consummation of the Business Combination; provided that the Company shall be allowed to make the payments set forth in the Registration Statement adjacent to the caption “Prospectus Summary—The
Offering—Limited payments to insiders.” 

  

	5.	 	(a)    The undersigned agrees that the Founder Shares may not be transferred, assigned or sold (except to certain permitted transferees as described in the Registration Statement or herein) (the
“Lockup”) until the earlier to occur of: (1) one year after the completion of a Business Combination or (2) the date following the completion of the Company’s initial Business Combination on which the Company
completes a liquidation, merger, share exchange or other similar transaction that results in all of its shareholders having the right to exchange their Class A Ordinary Shares for cash, securities or other property. Notwithstanding the
foregoing, if the closing price of the Company’s Class A Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days
within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination, the Founder Shares will be released from the Lockup. 

 

	 	(b)	 	 The undersigned will not, without the prior written consent of the Representative pursuant to the Underwriting
Agreement, offer, sell, contract to sell, pledge, hedge or otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic
disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned or any person in privity with the undersigned or any 

  
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affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Securities and Exchange Commission in respect of,
or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and
Exchange Commission promulgated thereunder with respect to, any other Units, Class A Ordinary Shares, Warrants of the Company or any securities convertible into, or exercisable, or exchangeable for, Class A Ordinary Shares or publicly
announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement. 

  

	 	(c)	 	The undersigned agrees that until the Company consummates an initial Business Combination, the undersigned’s Private Placement Warrants will be subject to the transfer restrictions described in the Private
Placement Warrants Purchase Agreement relating to the undersigned’s Private Placement Warrants. 

  

	 	(d)	 	Notwithstanding the provisions set forth in paragraphs (a) and (c), transfers, assignments and sales of the Founder Shares, Private Placement Warrants and Class A Ordinary Shares underlying the Private
Placement Warrants or issued upon conversion of the Founder Shares are permitted (i) to the Company’s officers or directors, any affiliates or family members of any of the Company’s officers or directors, any members or partners of
Leo Investors Limited Partnership, a Cayman Islands exempted limited partnership (the “Sponsor”) or their affiliates, or any affiliates of the Sponsor; (ii) in the case of an individual, by gift to a member of the individual’s
immediate family or to a trust, the beneficiary of which is a member of one of the individual’s immediate family, an affiliate of such person or to a charitable organization; (iii) in the case of an individual, by virtue of laws of descent
and distribution upon death of the individual; (iv) in the case of an individual, pursuant to a qualified domestic relations order; (v) by private sales or transfers made in connection with the Business Combination at prices no greater
than the price at which the Founder Shares, Private Placement Warrants or Class A Ordinary Shares were originally purchased; (vi) by virtue of the Sponsor’s organizational documents upon liquidation or dissolution of the Sponsor;
(vii) to the Company for no value for cancellation in connection with the consummation of the Business Combination (viii) in the event of the Company’s liquidation prior to the completion of a Business Combination; or (ix) in the
event of completion of a liquidation, merger, share exchange or other similar transaction which results in all of the Company’s shareholders having the right to exchange their Class A Ordinary Shares for cash, securities or other property
subsequent to the completion of a Business Combination; provided, however, that in the case of clauses (i) through (vi) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer
restrictions. 

  

	 	(e)	 	The undersigned acknowledges and agrees that if, in order to consummate any Business Combination, the holders of Founder Shares or Private Placement Warrants are required to contribute back to the capital of the Company
a portion of any such securities to be cancelled by the Company or transfer any such securities to third parties, the undersigned will contribute back to the capital of the Company or transfer to such third parties, at no cost, a proportionate
number of Founder Shares or Private Placement Warrants, as applicable, pro rata with the other holders of Founders’ Shares or Private Placement Warrants, as applicable. 

  
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	6.	 	(a)    In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company’s initial
Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any target business that has a fair market value of at least 80% of the assets held in the Trust
Account (net of amounts previously disbursed to management for working capital purposes and excluding the amount of deferred underwriting discounts held in trust), subject to any existing or future fiduciary or contractual obligations the
undersigned might have. 

  

	 	(b)	 	The undersigned hereby agrees and acknowledges that (i) each of the Underwriters and the Company would be irreparably injured in the event of a breach of the obligations under paragraph 6(a) above,
(ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have
in law or in equity, in the event of such breach. 

  

	7.	 	The undersigned agrees to be a director or officer of the Company, as applicable, until the earlier of the consummation by the Company of an initial Business Combination or the liquidation of the Company. The
undersigned’s biographical information previously furnished to the Company and the Representative is true and accurate in all respects, does not omit any material information with respect to the undersigned’s background and contains all of
the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act of 1933, as amended. The undersigned’s FINRA Questionnaire previously furnished to the
Company and the Representative is true and accurate in all respects. The undersigned represents and warrants that: 

  

	 	(a)	 	he or she is not subject to, or a respondent in, any legal action for, any injunction, cease-and-desist order or order or stipulation to
desist or refrain from any act or practice relating to the offering of securities in any jurisdiction; 

  

	 	(b)	 	he or she has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to
any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and 

  

	 	(c)	 	he or she has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

  

	8.	 	The undersigned has full right and power, without violating any agreement by which he or she is bound, to enter into this letter agreement and to serve as a director or officer of the Company, as applicable.

  

	9.	 	 The undersigned hereby waives his or her right to exercise redemption rights with respect to any of the
Company’s ordinary shares owned or to be owned by the undersigned, directly or 

  
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indirectly, whether such shares be part of the Founder Shares or IPO Shares, and agrees that he or she will not seek redemption with respect to such shares (or sell such shares to the Company in
any tender offer) in connection with any vote to approve a Business Combination. 

  

	10.	 	The undersigned hereby agrees to not propose, or vote in favor of, an amendment to Article [49.4] of the Charter prior to the consummation of a Business Combination unless the Company provides public shareholders with
the opportunity to redeem their Class A Ordinary Shares upon such approval in accordance with such Article [49.4] thereof. 

  

	11.	 	This letter agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of
the substantive laws of another jurisdiction. The undersigned hereby (i) agrees that any action, proceeding or claim against him arising out of or relating in any way to this letter agreement shall be brought and enforced in the courts of the
State of New York of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive and (ii) waives any objection to such exclusive jurisdiction and that
such courts represent an inconvenient forum. 

  

	12.	 	As used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination
with one or more businesses or entities; (ii) “Insiders” shall mean all officers, directors and sponsors of the Company immediately prior to the IPO; (iii) “Founder Shares” shall mean all of the
Class B Ordinary Shares of the Company acquired by an Insider prior to the IPO; (iv) “IPO Shares” shall mean the Class A Ordinary Shares issued in the Company’s IPO; (v) “Private Placement
Warrants” shall mean the warrants that are being sold privately by the Company simultaneously with the consummation of the IPO; (vi) “Trust Account” shall mean the trust account into which a portion of the net
proceeds of the Company’s IPO and sale of the Private Placement Warrants will be deposited; and (vii) “Registration Statement” means the Company’s registration statement on Form
S-1 (SEC File No. 333-222599) filed with the Securities and Exchange Commission. 

 

	13.	 	This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior understandings, agreements, or representations by or among
the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed, amended, modified or waived (other than to correct a
typographical error) as to any particular provision, except by a written instrument executed by all parties hereto. 

  

	14.	 	The undersigned acknowledges and understands that the Representative and the Company will rely upon the agreements, representations and warranties set forth herein in proceeding with the IPO. Nothing contained herein
shall be deemed to render the Representative a representative of, or a fiduciary with respect to, the Company, its shareholders or any creditor or vendor of the Company with respect to the subject matter hereof. 

  
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	15.	 	This letter agreement shall be binding on the undersigned and such person’s respective successors, heirs, personal representatives and assigns. This letter agreement shall terminate on the earlier of (i) the
consummation of a Business Combination and (ii) the liquidation of the Company; provided, that such termination shall not relieve the undersigned from liability for any breach of this agreement prior to its termination. 

[Signature Page Follows] 

  
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	 Sincerely,

	
	
		
	By:	 	  

		 	 Name of Insider:

		 	
	
	 Acknowledged and Agreed:

	
	 Leo Holdings Corp.

		
	By:	 	  

		 	 Name: Simon Brown

		 	Title: SecretaryBlueprint

  EXHIBIT
10.10

 

AMENDMENT NO. 1 TO

PROMISSORY NOTE

 

This
Amendment No. 1 (“Amendment No. 1”) is made this 12th
day of January, 2018, by and between WEED, Inc. (the
“Issuer”), and on the one hand; and A.R. Miller (the
“Payee”), on the other hand, to amend the terms of that
certain Promissory Note dated July 26, 2017, and entered into by
and between the parties (the “Note”). Issuer and Payee
shall be referred to herein as a “Party” and
collectively as the “Parties”. In the event the terms
of the Note and this Amendment No. 1 conflict, the terms of this
Amendment No. 1 control. Any defined terms herein that are not
defined herein have the meaning set forth in the Note.

 

WHEREAS, the Note
was entered into in connection with the Issuer’s purchase of
real property detailed in that certain Deed of Trust dated July 26,
2017 delivered by the Issuer to the Payee with the Note (the
“La Veta Property”);

 

WHEREAS, under the
terms of the Note Issuer was to pay principal sum of Four Hundred
Seventy Five Thousand Dollars ($475,000.00) payable to the order of
A. R. Miller, with interest thereon at the rate of 5% per cent per
annum, payable as follows: 4 consecutive semi-annual installments
in the amount of $118,750.00 plus accrued interest commencing on
January 26, 2018 and continuing on the 26th day of July and the
26th day of January each year, until the balance of principal and
interest is paid in full (“Note Payment
Terms”);

 

WHEREAS, the
Parties desire to amend the Note Payment Terms such that the Issuer
will: (i) pay Payee One Hundred Thousand Dollars ($100,000) in cash
on or before January 15, 2018, and (ii) issue Payee One Hundred
Twenty Five Thousand (125,000) shares of the Issuer’s common
stock, restricted in accordance with Rule 144, on or before January
20, 2018;

 

WHEREAS, Issuer and
Payee desire to amend the terms of the Note as set forth herein in
order to allow Issuer to satisfy its obligations under the Note in
full.

 

AMENDMENT

 

1.           In
consideration of good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree to
amend the Note as follows:

 

a.            

The Parties agree
to modify the terms of the Note in all ways necessary to amend the
repayment terms to state the Note shall be considered paid-in-full
and fully satisfied if the Issuer: (i) pays Payee One Hundred
Thousand Dollars ($100,000) in cash on or before January 15, 2018
(the “Cash Payment”), and (ii) issues Payee One Hundred
Twenty Five Thousand (125,000) shares of the Issuer’s common
stock, restricted in accordance with Rule 144, on or before January
20, 2018 (the “Shares”, and together with the Cash
Payment, the “Repayment Consideration”).

 

b.            

Upon receipt of the
Repayment Consideration, the Parties agree the Note will be
considered paid-in-full and fully satisfied, and the Payee agrees
to take all actions to ensure Issuer’s ownership of the La
Veta Property in full, including, but not limited to, cancelling
any deeds of trust issued by the Issuer in connection with the
Note, and cancel any financing statements recorded in relation to
the Note.

 

 

1

 

 

c.           

The
Payee hereby represents, warrants and agrees as
follows:

 

1) Purchase for Own Account. Payee
represents that he is acquiring the Shares solely for his own
account and beneficial interest for investment and not for sale or
with a view to distribution of the Shares or any part thereof, has
no present intention of selling (in connection with a distribution
or otherwise), granting any participation in, or otherwise
distributing the same, and does not presently have reason to
anticipate a change in such intention.

 

2) Ability to Bear Economic Risk. Payee
acknowledges that an investment in the Shares involves a high
degree of risk, and represents that he is able, without materially
impairing his financial condition, to hold the Shares for an
indefinite period of time and to suffer a complete loss of his
investment.

 

3) Access to Information.
The Payee acknowledges that the Payee
has been furnished with such financial and other information
concerning the Issuer, the directors and officers of the Issuer,
and the business and proposed business of the Issuer as the Payee
considers necessary in connection with the Payee’s investment
in the Shares. As a result, the Payee is thoroughly familiar with
the proposed business, operations, properties and financial
condition of the Issuer and has discussed with officers of the
Issuer any questions the Payee may have had with respect thereto.
The Payee understands:

 

(i)           The
risks involved in this investment, including the speculative nature
of the investment;

 

(ii)           The
financial hazards involved in this investment, including the risk
of losing the Payee’s entire investment;

 

(iii)           The
lack of liquidity and restrictions on transfers of the Shares;
and

 

(iv)           The
tax consequences of this investment.

 

The
Payee has consulted with the Payee’s own legal, accounting,
tax, investment and other advisers with respect to the tax
treatment of an investment by the Payee in the Shares and the
merits and risks of an investment in the Shares.

 

4) Shares
Part of Private Placement. The
Payee has been advised that the Shares have not been registered
under the Securities Act of 1933, as amended (the
“Act”), or qualified under the securities law of any
state, on the ground, among others, that no distribution or public
offering of the Shares is to be effected and the Shares will be
issued by the Issuer in connection with a transaction that does not
involve any public offering within the meaning of section 4(a)(2)
of the Act and/or Regulation D as promulgated by the Securities and
Exchange Commission under the Act, and under any applicable state
blue sky authority. The Payee understands that the Issuer is
relying in part on the Payee’s representations as set forth
herein for purposes of claiming such exemptions and that the basis
for such exemptions may not be present if, notwithstanding the
Payee’s representations, the Payee has in mind merely
acquiring the Shares for resale on the occurrence or nonoccurrence
of some predetermined event. The Payee has no such
intention.

 

 

2

 

 

5) Further Limitations on Disposition.
Payee further acknowledges that the Shares are restricted
securities under Rule 144 of the Act, and, therefore, if the
Issuer, in its sole discretion, chooses to issue any certificates
reflecting the ownership interest in the Shares, those certificates
will contain a restrictive legend substantially similar to the
following:

 

THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “ACT”). THEY MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN
EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE ACT
OR AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER THAT SUCH
REGISTRATION IS NOT REQUIRED.

 

Without
in any way limiting the representations set forth above, Payee
further agrees not to make any disposition of all or any portion of
the Shares unless and until:

 

(i)           There
is then in effect a Registration Statement under the Act covering
such proposed disposition and such disposition is made in
accordance with such Registration Statement; or

 

(ii)           Payee
shall have obtained the consent of the Issuer and notified the
Issuer of the proposed disposition and shall have furnished the
Issuer with a detailed statement of the circumstances surrounding
the proposed disposition, and if reasonably requested by the
Issuer, Payee shall have furnished the Issuer with an opinion of
counsel, reasonably satisfactory to the Issuer, that such
disposition will not require registration under the Act or any
applicable state securities laws.

 

Notwithstanding the
provisions of subparagraphs (i) and (ii) above, no such
registration statement or opinion of counsel shall be necessary for
a transfer by such Payee to a partner (or retired partner) of
Payee, or transfers by gift, will or intestate succession to any
spouse or lineal descendants or ancestors, if all transferees agree
in writing to be subject to the terms hereof to the same extent as
if they were Payees hereunder as long as the consent of the Issuer
is obtained.

 

6) Sophisticated
Investor Status. The Payee is a sophisticated investor.
 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

 

 

IN
WITNESS WHEREOF, the parties hereto, by their duly authorized
officers or other authorized signatory, have executed this
Amendment No. 1 as of the date first above written. This Amendment
No. 1 may be signed in counterparts and facsimile signatures are
treated as original signatures.

 

 

	

“Issuer”

	

“Payee”

	
 

	
 

	

WEED,
Inc.

	

A.R.
Miller,

	
 

	

an
individual

	
 

	
 

	
 

	
 

	
 

	
 

	

By:   
Glenn E. Martin

	

By:   
A.R. Miller

	

Its:    
President

	
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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