Document:

ASSIGNMENT
OF LEASE

 

THIS
ASSIGNMENT OF LEASE (“ASSIGNMENT”) is made by and between Puerto Rico Industrial Commercial Holdings Biotech Corp.,
a corporation duly formed pursuant to the laws and regulations of the Commonwealth of Puerto Rico (“ASSIGNOR”);
Project 1493, LLC, a Limited Liability Corporation duly formed pursuant to the laws and regulations of the Commonwealth
of Puerto Rico (“ASSIGNEE”), and Heras Properties Management & Investment Corp., a corporation duly formed
pursuant to the laws and regulations of the Commonwealth of Puerto Rico, owner of the property subject to this Assignment (“LANDLORD”).

 

FOR
VALUABLE CONSIDERATION, the parties herein agree to the following terms and conditions set forth below:

 

	 	1.
	The
    Landlord and the Assignor have entered into a lease agreement, dated August 26th, 2016, regarding the premises described therein.
    A true and correct copy of the Lease is attached hereto and made a part hereof as “Exhibit A”.
	 	 	 
	 	2.	The
    Assignor hereby assigns and transfers to the Assignee all of Assignor’s rights and delegates all of Assignor’s
    duties under the Lease dated August 26th, 2016.
	 	 	 
	 	3.	Assignee
    hereby accepts this Assignment and assumes and agrees to fulfill all tenant obligations, terms and conditions of the Lease
    from this date forward for the remainder of the term thereof to the same extent as if it had been the original tenant under
    the Lease. The Assignee further agrees to indemnify and hold the Assignor harmless from any breach of Assignee’s duties
    hereunder.

 

    	 	 	 

    	 		 

    

 

	 	4.	The
    Assignor agrees to transfer possession of the leased premises to the Assignee on the Effective Date. All rents and obligations
    of the Assignor under the Lease accruing before the Effective Date shall have been paid or discharged. The Landlord hereby
    assents to the assignment of the Lease hereunder and as of the Effective Date hereby releases and discharges the Assignor
    from all duties and obligations under the Lease accruing after the Effective Date.
	 	 	 
	 	5.	This
    assignment of the Lease also includes the transfer of the security deposit referenced therein. Assignor hereby releases unto
    Assignee all of Assignor’s right, title and interest in the deposit. Landlord shall continue to hold the deposit as
    security for the faithful performance of the Lease.
	 	 	 
	 	6.	There
    shall be no further assignment of the Lease without the written consent of the Landlord.
	 	 	 
	 	7.	The
    term of this contract is five years with a monthly rent of  $4,500.00 for the first year, after the first year there
    will be an annual increase of 5% of the monthly rent. No additional payment to the one made in the original contract has been
    made as bond to guarantee the condition and maintenance of the property. The property must be returned in a condition acceptable
    to owner or the $3,000.00 paid as bond in the original contract will be used to restore the property to its original condition.
    None of the items within the property may be removed at any time without written consent of the landlord. This monthly rent
    does not include any additional services as stated in the original contract.

 

    	 	 	 

    	 		 

    

 

	 	8.	This
    agreement shall bind the parties, their legal representatives, successors and assigns. The Assignee assumes and undertakes
    all of the terms and conditions of the lease as his own obligation.
	 	 	 
	 	9.	This
    agreement contains the entire understanding of the parties. It may not be changed orally. This agreement may be amended or
    modified only by written consent of the parties.

 

IN
WITNESS WHEREOF, the parties set their signatures on the date expressed below.ASSIGNMENT
OF LEASE

 

THIS
ASSIGNMENT OF LEASE (“ASSIGNMENT”) is made by and between Puerto Rico Industrial Commercial Holdings Biotech Corp.,
a corporation duly formed pursuant to the laws and regulations of the Commonwealth of Puerto Rico (“ASSIGNOR”);
Project 1493, LLC, a Limited Liability Corporation duly formed pursuant to the laws and regulations of the Commonwealth
of Puerto Rico (“ASSIGNEE”), and Efron Dorado, S.E., a Puerto Rico special partnership, owner of the property
subject to this Assignment (‘LANDLORD”).

 

FOR
VALUABLE CONSIDERATION, the parties herein agree to the following terms and conditions set forth below:

 

	 	1.	The
    Landlord and the Assignor have entered into a lease agreement, dated August 30th, 2016, regarding the premises described therein.
    A true and correct copy of the Lease is attached hereto and made a part hereof as “Exhibit A”.
	 	 	 
	 	2.	The
    Assignor hereby assigns and transfers to the Assignee all of Assignor’s rights and delegates all of Assignor’s
    duties under the Lease dated August 30th, 2016.
	 	 	 
	 	3.	Assignee
    hereby accepts this Assignment and assumes and agrees to fulfill all tenant obligations, terms and conditions of the Lease
    from this date forward for the remainder of the term thereof to the same extent as if it had been the original tenant under
    the Lease. The Assignee further agrees to indemnify and hold the Assignor harmless from any breach of Assignee’s duties
    hereunder.

 

    	 	 	 

    	 		 

    

 

	 	4.	The
    Assignor agrees to transfer possession of the leased premises to the Assignee on the Effective Date. All rents and obligations
    of the Assignor under the Lease accruing before the Effective Date shall have been paid or discharged. The Landlord hereby
    assents to the assignment of the Lease hereunder and as of the Effective Date hereby releases and discharges the Assignor
    from all duties and obligations under the Lease accruing after the Effective Date.
	 	 	 
	 	5.	This
    assignment of the Lease also includes the transfer of the security deposit referenced therein. Assignor hereby releases unto
    Assignee all of Assignor’s right, title and interest in the deposit. Landlord shall continue to hold the deposit as
    security for the faithful performance of the Lease.
	 	 	 
	 	6.	There
    shall be no further assignment of the Lease without the written consent of the Landlord.
	 	 	 
	 	7.	This
    agreement shall bind the parties, their legal representatives, successors and assigns. The Assignee assumes and undertakes
    all of the terms and conditions of the lease as his own obligation.
	 	 	 
	 	8.	This
    agreement contains the entire understanding of the parties. It may not be changed orally. This agreement may be amended or
    modified only by written consent of the parties.

 

    	 	 	 

    	 		 

    

 

IN
WITNESS WHEREOF, the parties set their signatures on the date expressed below.FINAL
PURCHASING AGREEMENT

BETWEEN
GOOD VIBES DISTRIBUTORS, LLC AND PROJECT 1493, LLC.

 

I.
Parties

 

This
Final Purchasing Agreement (here on after the “Agreement”) is made and entered into by and between Good Vibes Distributors,
LLC as Party of the First Part, and Project 1493, LLC, as Party of the Second Part.

 

The
Party of the First Part official communication information is:

 

Vistas
de San Juan 107, José F. Díaz, Apt. 18, San Juan, P.R. 00926

cannabinologypr@gmail.com

 

The
Party of the Second Part official communication information is:

 

David
Mitchell

793
San Patricio Avenue, San Juan, P.R. 00921

(512)
422-8916

dmitchell2120@gmail.com

 

II.
Definitions

 

In
the present Agreement, unless the context otherwise requires, the following words and expressions shall have the following meanings
when used herein:

 

Department
of Health = Refers to the Health Department of the Commonwealth of Puerto Rico, agency in charge of the regulations for the
Medicinal Cannabis industry in Puerto Rico.

 

Department
of State = Refers to the Department of State of the Commonwealth of Puerto Rico.

 

Dispensary
= A registered establishment that has a valid license or authorization by the Department of Health of Puerto Rico to stock
and dispense Medicinal Cannabis.

 

Exclusivity
Period = Refers to a Due Diligence Period or a longer period agreed between the parties, in which the Party for the First
Part shall not negotiate with, or in any form, discuss with any third party with regard to this Agreement.

 

Manufacturing
of Cannabis = The process of making Medicinal Cannabis extracts, concentrates, oils, edibles, beverages and other products
by a licensed establishment as construed in Regulation No. 8766 of the Department of Health of Puerto Rico as amended.

 

Material
Breach = The following situations will be considered a material breach:

 

a)
Lack of proper licenses and permits according to Regulation 8766 of the Department of Health of Puerto Rico;

b)
Failure to comply with the rules and regulations of the commonwealth of Puerto Rico for the establishments in question;

c)
False representations regarding the party, the documents submitted or the property subject to the present Agreement;

d)
Failure to comply with rectification of a material breach; and

e)
Changes in the official communication information provided without proper notice.

 

Medicinal
Cannabis= Refers to all parts of the Cannabis Sativa L. and Cannabis Indica, any hybrid of said plants as well
as any compound, derivate, concentrate, mix or confections produced with said plants (i.e. oils, edibles, beverages, etc.) as
defined by Regulation No. 8766 of the Department of Health of Puerto Rico.

 

Party
of the First Part = Refers to Medgreen P.R. Inc., who will be the seller of the Medicinal Cannabis dispensaries subject to
this Agreement.

 

    	 	 	 

    	 

    

 

Party
of the Second Part = Refers to Project 1493, LLC, who will be the buyer of the Medicinal Cannabis dispensaries subject to
this Agreement.

 

Proposed
Acquisition = The proposed acquisition of Medicinal Cannabis dispensaries by the Party of the Second Part from the Party of
the First Part as contemplated in this Agreement.

 

Regulation
No. 8766 = Regulation Number 8766 of the Department of Health of Puerto Rico: Regulation for the Use, Possession, Growth,
Manufacture, Fabrication, Dispensation, Distribution and Investigation of Medicinal Cannabis, approved on the 8th of July, 2016,
and its subsequent amendments.

 

III.
Purpose

 

The
purpose of this Agreement is to establish the terms and conditions for the sale and acquisition of one (1) Medicinal Cannabis
dispensary prequalification license described below for the agreed amount of $75,000 USD.

 

IV.
Party Considerations and Representations

 

A.
Party of the First Part Considerations and Representations

 

The
Party of the First Part is a for-profit corporation established under the laws of Commonwealth of Puerto Rico, with its main offices
in San Juan, P.R., with Department of State registration number 348948, represented by its owner Alexis Colón Asencio,
with the main purpose of dispensing, manufacturing and growing Medicinal Cannabis.

 

The
Party of the First Part represents that he is the legally rightful owner of all permits and licenses granted to date for the following
proposed Medical Cannabis dispensary establishment, as pre-qualified by the Department of Health:

 

	 	1)	Proposed Medical Cannabis
    dispensary located 509-511 Andalucia Street in San Juan, Puerto Rico. The following descriptions and representations
    apply to this establishment:

 

a)
“Cannabinology” medicinal Cannabis dispensary. Application No. 2016-11- 0098.

 

The
Party of the First Part wishes to sell all legal rights, permits, licenses, leasing contracts and assets in his power pertaining
to the aforementioned dispensary for the total amount of $75,000 USD, with an initial deposit of $7,500 USD.

 

The
Party of the First Part represents that all of the assets, rights and licenses pertaining to the present Agreement have been acquired
legally in accordance with the laws and regulations of the Commonwealth of Puerto Rico, including Regulation 8766.

 

The
Party of the First Part represents that he has the capacity to transfer all pertinent documents, licenses and property of his
ownership so that the dispensary remains operational during the final closing periods.

 

The
Party of the First Part represents that he is the legally rightful owner of all assets, rights or licenses that he wishes to sell
through the present Agreement.

 

The
Party of the First Part represents that, to the best of his knowledge, there is no existing, pending or projected administrative
or judicial process regarding the dispensaries subject to this Agreement.

 

The
Party of the First Part represents that there are no outstanding fines at the moment regarding the dispensaries subject to this
Agreement.

 

    	 	 	 

    	 

    

 

B.
Party of the Second Part Considerations and Representations

 

The
Party of the Second Part is a for-profit corporation established under the laws of Commonwealth of Puerto Rico, with its main
offices in San Juan, P.R., with Department of State registration number 3292 represented in this act by David Mitchell, authorized
representative of Green Spirit Industries, Inc., who is the sole member of Project 1493, LLC.

 

The
Party of the Second Part represents his interest in purchasing all legal rights, permits, licenses, leasing contracts and assets
for the described Medical Cannabis dispensary establishment from the Party of the First Part for the amount established.

 

The
Party of the Second Part represents that he meets the appropriate demands of capacity, competence and financial accountability
to fulfill his obligations under the present Agreement. To this effect, the Party of the Second Part will provide a Certificate
of Good Standing and any other pertinent and unprivileged document to support this assertion.

 

C.
Mutual Considerations and Representations

 

Each
party to this Agreement represents and warrants that:

 

(1)
It has the power and authority to enter into this Agreement;

 

(2)
All documents supplied to each other pursuant to this Agreement are valid, binding and enforceable upon said party; and

 

(3)
Subject to the terms and conditions of this Agreement, and in reliance on the representations, warranties and conditions set out
in this Agreement, the Party of the First Part agrees to sell all legal rights, permits, licenses and assets in his power pertaining
to the aforementioned dispensaries to the Party of the Second Part, who in turn agrees to purchase these from the Party of the
First Part.

 

V.
Material Terms and Conditions

 

A.
Transfer of Funds

 

The
parties agree to establish an escrow account to manage the transfer of funds. The Party of the Second Part will deposit the amount
of ($7,500 USD) to an FDIC in the United States (including the Commonwealth of Puerto Rico) or COSSEC backed institution in the
Commonwealth of Puerto Rico until the present Agreement is formally closed. At which time he will deposit the remaining balance
for the purchase of the aforementioned Medical Cannabis dispensary for a grand total of $75,000 USD.

 

B.
Non-Compete Clause

 

The
Party of the First Part agrees not to establish a Medical Cannabis dispensary within a radius of two (2) miles from one of the
described dispensaries in this Agreement, or to compete directly or indirectly with the party of the Second Part.

 

VI.
Severability

 

Should
any portion of this Agreement be judicially declared to be null and void or unenforceable, the remainder of the Agreement shall
continue in full force and effect.

 

VII.
Integration Clause

 

This
Agreement constitutes the entire agreement and understanding between the parties and supersedes any and all prior agreements and
understandings, collateral agreements or understandings, oral or written, related to the subject matter herein. Any and all prior
agreements, collateral representations or understandings, oral or written, regarding the sale and acquisition subject to this
Agreement are deemed to be null and void for all legal purposes. The present Agreement may only be amended by written consent
of the Parties.

 

    	 	 	 

    	 

    

 

VIII.
Indemnification Clause

 

The
Party of the First Part shall indemnify the Party of the Second Part for any and all causes of action, claims, suits, demands,
damages, obligations, losses, settlements, potential liabilities and costs that may arise by acts or omissions occurred prior
to the signing of this Agreement. This clause shall be interpreted as broad as legally possible and it extends to business partners,
associates, advisors and relatives of the members entity.

 

The
Party of the First Part will hold the Party of the Second Part harmless from and pay any loss, damage cost or expense (including,
without limitation, legal fees and court costs) which the Party of the Second Part incurs by reason of any representation or warranty
of the Party of the First Part being incorrect or by reason of any breach by the Party of the First Part of any of its covenants
or obligations under this Agreement.

 

The
Party of the First Part should hold a reasonable amount of funds in an escrow account for any potential liabilities that may arise
before or after the closing of the Final Agreement and that are the Seller’s sole responsibility.

 

In
the event that the Party of the First Part is compelled to indemnify the Party of the Second Part, the filing of bankruptcy will
not allow the Party of the First Part to discharge the indemnification provision of the present Agreement under any condition.
The Party of the First Part expressly waives any right that the bankruptcy code may furnish said party during a bankruptcy proceeding
pertaining to the present obligation.

 

IX.
Dispute Resolution/ Mediation and Arbitration Clause

 

Any
dispute or reclamation that may arise in regards to the present Agreement, or any other circumstance that requires the intervention
of an administrative or judicial forum, will be referred to mediation in the Commonwealth of Puerto Rico in accordance with the
Regulation for Alternative Methods of Dispute Resolution. The mediator to be chosen must have a minimum of 15 years of experience
in the private law practice.

 

If
the parties fail to resolve any conflict through the mediation process, the issue will be resolved through arbitration in the
Commonwealth of Puerto Rico and in accordance with the rules and regulations set forth by the American Arbitration Association.
These rules require that a panel of three arbitrators resolve any dispute submitted to their consideration. The arbitrators must
have a minimum of 15 years of experience in the private law practice. The decision of the majority of the arbitrators is a final
one for the parties. The arbitrators shall resolve any dispute, including matters related to discovery of evidence that may arise
during the arbitration process. The non-prevailing party will assume all of the costs of the proceedings, including all legal
and attorney fees, the arbitrator fees, filing costs and any other fee incidental to the proceedings. The arbitration panel’s
decision may be entered as a judicial sentence or court order in any court that has proper jurisdiction and venue.

 

X.
Confidentiality

 

Except
as provided herein, the existence and the terms of this Agreement shall be maintained in confidence by the parties hereto and
their respective officers, directors and employees. Except as compelled to be disclosed by judicial or administrative process
or by other requirements of law, legal process, rule or regulation, all public announcements, notices or other communications
regarding such matters to third parties, shall require the prior approval of all parties hereto. The Party of the First Part hereby
agrees not to divulge any corporate, proprietary or financial information in regards to Project 1493, LLC and any license, rights
or property subject to this Agreement.

 

XI.
Copyright Clause

 

The
Party of the First Part hereby transfers any and all ideas, concepts, copyrighted materials and trademarks pertaining to the establishments
in question to the Party of the Second Part. All of the rights conceded through the present Agreement are for the sole exploitation
of the Party of the Second Part in all jurisdictions where it is legally permitted to dispense Medical Cannabis products.

 

    	 	 	 

    	 

    

 

XII.
Governing Language

 

The
governing language of the present document will be English. If the need for a translation arises, the document will be translated
from English to Spanish.

 

XIII.
Closing

 

The
closing of the purchase and sale of the assets subject to this Agreement will take place at the time and place that the Parties
mutually agree.

 

At
closing and upon the final transfer of the purchase price in full, the Party of the First Part will provide the Party of the Second
Part with duly executed forms and documents evidencing transfer of assets, where required including, but not limited to, bills
of sale, assignments, assurances, and consents.

 

XIV.
Signatures

 

IN
WITNESS WHEREOF, the parties to this Agreement through their duly authorized representatives have executed this Agreement
on the days and dates set out below, and certify that they have read, understood, and agreed to the terms and conditions of this
Agreement as set forth herein.

 

The
effective date of this Agreement is the date of the signature last affixed to this page. This Agreement does not require the simultaneous
signing of the parties for its validity, but it does require the Party of the First Part to sign before a notary public who will
thereafter proceed to notarize the entire document.

 

The
Parties agree that the sale becomes absolutely final and irreversible upon the signing and notarization of the present document.
Once this Agreement is signed and notarized, the Party of the Second Part will make the final and entire payment to the Party
of the First Part. Once this process is complete, the Party of the First Part cannot withdraw from the present Agreement for any
reason whatsoever, except by express and written consent from the Party of the Second Part.

 

For
the Party of the First Part:

 

		 	
	Alexis
    Colón Asencio	 	Date
	Owner	 	 
	Good
    Vibes Distributors, LLC	 	 

 

For
the Party of the Second Part:

 

		 	
	David
    Mitchell	 	Date
	Authorized
    Representative of Green Spirit Industries, Inc.,	 	 
	Sole
    Member of Project 1493, LLC.

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