Document:

EX-10.1

 Exhibit 10.1 

Green Thumb Industries Inc. 
 2021
Bonus Plan 
  

	1.	 Purpose. The objective of the Green Thumb Industries Inc. 2021 Bonus Plan (the “Plan”) is to
incentivize performance during calendar year 2021 of the executive officers and other employees of Green Thumb Industries Inc. and its subsidiaries (the “Company”) who have been designated by the Compensation Committee of the
Company’s Board of Directors (the “Compensation Committee”) to participate in the Plan. The Plan is intended to provide participants with an opportunity to earn bonuses for 2021 based, in part, on the extent to which specified
performance goals have been achieved. 

  

	2.	 Duration of Plan. The Plan will be in effect for calendar year 2021 and through the payout date
regarding any bonus earned under the Plan. 

  

	3.	 Eligibility to Participate. Each of the Company’s executive officers (as defined under
Section 16(b) of the Securities Exchange Act of 1934) is eligible to participate in the Plan, however, the executive officer must be designated in writing by the Compensation Committee. At the Company’s discretion, other employees of the
Company and its subsidiaries may also be designated as participants. Each person so designated to participate under this Section 3 is deemed a “Participant”. Notwithstanding the foregoing, a Participant must remain employed by the
Company as of December 31, 2021 to earn a bonus hereunder. The Compensation Committee may, however, in its sole discretion, provide a partial bonus to a Participant that commenced employment after the first day of January 2021.

  

	4.	 Target Levels for Bonuses/Calculations. The Compensation Committee will approve the annual Company
performance goal and targets as soon as practicable in the first quarter of 2021 based on the Company’s operating plan. The Compensation Committee will also approve a range of potential bonus award amounts for threshold, target and stretch
performance. Based upon the Compensation Committee’s periodic review of Company performance (provided by management), the Company will book an accrual based on the achievement of performance against the target levels. The Committee’s
approved achievement levels will be set forth in Appendix A hereto. The Compensation Committee may adjust up or down the performance target and ranges for potential bonus awards under the Plan or, alternatively, may adjust the calculation of the
actual results, in each case to reflect items outside of the Participants’ control as the Compensation Committee deems necessary or appropriate to adequately reward and incentivize Participants. Such items may include certain extraordinary or
special items including, but not limited to: change in accounting policy; gain/loss on disposition of assets or business; charge for goodwill impairment; extraordinary corporate events such as mergers or acquisitions; extraordinary legal/regulatory
settlements; extraordinary market conditions; effects of natural or man-made disasters (e.g. 9/11); hyperinflation (e.g.>15%); change in statutory tax rates/regulations; and other extraordinary, unusual or
infrequently occurring items. The final determination of achievement of the performance goals, potential bonus award ranges, the certification of achievement of the target and the annual accrual shall be approved by the Compensation Committee prior
to payout. The performance goal or performance goals achieved by the Company for the purposes of the Plan may differ from achievement of the performance goal reflected in the Company’s financial statements. 

  
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	5.	 Performance Goals. Each Participant will be assigned a target bonus level by the Compensation Committee,
stated as a percentage of his or her base salary. Each Participant’s ability to earn the target bonus award is dependent on the Company’s attainment of the annual performance targets. A Participant may earn more or less than his or her
target bonus award based upon his or her individual performance. 

  

	6.	 Award Payments. All bonus awards under the Plan will be paid out following the completion of the 2021
calendar year. All awards will be payable, to the extent earned (i) for the amount up to each applicable participant’s target award, in cash; and (ii) for any amount in excess of each participant’s target, in fully-vested
restricted stock units under the Green Thumb Industries Inc. 2018 Stock and Incentive Plan, as amended (the “Plan”), on an award date to be determined by the Compensation Committee when the final approval of each award is certified, with
the number of restricted stock units determined based on the grant date fair value as calculated under the Plan. 

  

	7.	 Termination of Employment. If a Participant ceases employment with the Company prior to
December 31, 2021, subject to legal requirements, that Participant will not be entitled to a bonus award under this Plan. Eligibility for, or actual participation in, the Plan does not entitle an individual to continued employment with the
Company. 

  

	8.	 Amendments. The Compensation Committee may, at any time and from time to time, make any and all
adjustments to the Plan as it deems necessary or appropriate, and it may terminate the Plan at any time. 

  

	9.	 Administration. The Plan will be administered by the Compensation Committee, which is responsible for:
(a) determining the annual performance goals and the specific target under each such performance goal; (b) certifying the Company’s achievement with respect to the performance target following completion of the 2021 calendar year; and
(c) approving the Company’s accrual under the Plan. The Compensation Committee has full authority, in its sole discretion, to take any action with respect to the Plan including, but not limited to: (i) determining all matters relating
to bonus awards, including eligibility criteria, performance criteria, the achievement of performance criteria and terms, conditions, restrictions and limitations of any award; (ii) construing and interpreting the Plan and any document
evidencing bonus awards granted under the Plan; (iii) making any other determinations deemed necessary or appropriate. The Compensation Committee’s interpretation, construction and administration of the Plan and each of its determinations
hereunder, will be final, conclusive and binding on all persons for all purposes. 

  

	10.	 Governing Law. The Plan and each bonus award hereunder, and all determinations made and actions taken
pursuant hereto, to the extent not otherwise governed by the U.S. Internal Revenue Code of 1986, as amended, or the laws of the United States, shall be governed by the laws of the State of Illinois and construed in accordance therewith without
giving effect to principles of conflicts of laws. 

  
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 APPENDIX A 

[REDACTED] 

  
 3Exhibit 10.8

 

DIGITAL CURRENCY MINING SEVER

PURCHASE AND ENTRUSTED MANAGEMENT AGREEMENT

 

Party A (Buyer): Sino-Global Shipping America,
Ltd.

Legal representative: Cao Lei

Address: 1044 Northern Boulevard, Roslyn, NY 11576-1514

 

Party B (Seller): Hebei Yanghuai Technology Co.,
Ltd.

Legal representative: Kang Jianbao

Address: Room 1610, Block A, Yijiang Building,
Qiaoxi District, Shijiazhuang City

 

Party A has reached the following terms of agreement
on the purchase of digital currency operation servers (hereinafter referred to as “Products”) from Party B for mutual compliance.

 

Article 1 Target Products

 

1.1 The
Products information purchased by Party A from Party B is as follows:

 

	Model	 	Quantity	 	 	Computing Power(T)	 	 	Power Consumption Per Unit(KW)	 
	Love Core A1	 	 	449	 	 	 	9,878	 	 	 	2.4	 
	Core Motion T2T	 	 	150	 	 	 	3,750	 	 	 	2.3	 
	Ant S9	 	 	500	 	 	 	6,500	 	 	 	1.3	 
	Avalon 910/910S	 	 	1,684	 	 	 	30,312	 	 	 	1.5	 
	Total	 	 	2,783	 	 	 	50,440	 	 	 	-	 

 

1.2 After
the transaction is completed, the ownership of the Products belongs to Party A, and Party A entrusts Party B to manage the Products free
of charge; Party B undertakes to achieve the following levels of income:

 

	Model	 	Profit Per T (RMB)	 	 	Total Daily Electricity Expenditure (RMB)	 	 	Daily Total Mining Output (RMB)	 	 	Total Daily Profit (RMB)	 
	Love Core a1	 	 	2.2	 	 	 	7,758	 	 	 	21,731	 	 	 	13,973	 
	Core Motion T2T	 	 	2.2	 	 	 	2,484	 	 	 	8,250	 	 	 	5,766	 
	Ant s9	 	 	2.2	 	 	 	4,680	 	 	 	14,300	 	 	 	9,620	 
	Avalon 910/910S	 	 	2.2	 	 	 	18,187	 	 	 	66,686	 	 	 	48,499	 
	Total	 	 	 	 	 	 	33,109	 	 	 	110,967	 	 	 	77,858	 

 

Note: Based on BTC current price of RMB 336,600,
electricity is calculated at RMB 0.3.

 

     

     

    

 

Party B undertakes that the total profit net of
electricity expenditures of the Products from March 10, 2021 through March 9, 2022 shall be at least RMB 28,418,170
(the “Committed Net Profit”). The Committed Net Profit shall be independent of any fluctuations in the BTC price.

 

1.3 Under
this Agreement, the monetary units are RMB / Yuan. Regardless of the method in which Party A pays the price under this Agreement, and
regardless of the method in which Party B pays the refundable amount under this Agreement, the unit price of the Products under this Agreement,
the total amount of the price, the amount paid by Party A and the amount returned by Party B to Party A shall be calculated in accordance
with the monetary unit (i.e. RMB) agreed in this Agreement, and the exchange rate shall be based on the exchange rate at the time of payment.

 

Article 2 Price and Payment

 

2.1 Subject
to the provisions of Section 2.6, the full price of the Products under this Agreement, including any applicable taxes, is RMB 30 million
(hereinafter referred to as the “Total Purchase Price”). Any amount referenced in this Agreement shall refer to the amount
paid by Party A; Party B shall be solely responsible for paying any applicable taxes in connection with payments of any sort from Party
A. Beginning on or after March 29, 2021, Party A shall have the option but not the obligation to pay up to RMB 18 million of the Total
Purchase Price in restricted, unregistered shares of common stock of Party A (any such amounts are hereinafter referred to as “Stock
Consideration”). The balance of the Total Purchase Price (RMB 12 million plus such amounts as Party A further elects not to pay
in stock) shall be paid in cash or cash equivalents (hereinafter referred to as “Cash Consideration”).

 

2.2 Subject
to Party A’s acceptance of the Products, Party A shall pay the first payment of RMB 6 million Cash Consideration to Party B’s
designated bank account within 15 days after the date of signing of this Agreement. Party A shall pay the second payment of RMB 6 million
Cash Consideration to Party B’s designated bank account within 15 days after the date of acceptance of the Products. Party B shall
provide Party A with a special VAT invoice for the corresponding amount before Party A pays any Cash Consideration. The parties agree
that Party A’s acceptance of the Products in its sole discretion shall be a condition precedent to its obligation to make any such
payments; in the event Party A rejects the Products or objects to any deficiencies in the Products, Party A may permit Party B an opportunity
to remedy such deficiencies and then shall have another opportunity to approve such Products. In the event Party A does not accept the
Products, Party B shall return any Cash Consideration, with interest at an annualized rate of 3% within 5 days of Party A’s notice
of refusal.

 

2.3 The
balance and timing of the remaining Total Purchase Price, subject to adjustment pursuant to the terms of Section 2.6, shall be as follows.
Within 10 days following the filing of Form 10-K or Form 10-Q for each of Party A’s financial quarters ending March 31, 2021, June
30, 2021, September 30, 2021, December 31, 2021 and March 31, 2022, Party A shall pay RMB 3.6 million to Party B (such amount, a “Quarterly
Payment”). To the extent Party A elects to pay all or part of such Quarterly Payment as Stock Consideration, the corresponding quarterly
period shall be deemed to be the date on which Party B made payment for the shares then issued. For the sake of clarity, if Section 2.6
results in the Quarterly Payment for the quarter ending June 30, 2021 being RMB 2 million and Party A elects to pay such Quarterly Payment
in Stock Compensation, then June 30, 2021 shall be deemed to be the payment date for such issued shares of common stock.

 

    2

     

    

 

2.4 If
Party A elects to pay any part of a Quarterly Payment in Stock Compensation, the issuance price of Party A’s common stock shall
be equal to the greatest of the average closing price on the 5 consecutive trading days immediately preceding and including (a) the date
of this Agreement, (b) the applicable period for which payment is then due or (c) the payment due date for such payment. Because the minimum
price is set upon execution of this Agreement, the parties intend that this pricing shall not be considered a variable rate transaction.

 

2.5 Party
B’s designated bank account is:

 

Company Name: Hebei Yanghuai Technology
Co., Ltd.

Bank account number: XXXXXXXXXXXXX

Account Bank: Bank of Communications
Co., Ltd. Hebei Branch Business Department

 

2.6 The
parties agree that each Quarterly Payment shall be reduced to the extent Party B fails to meet the prorated Committed Net Profit of RMB
2,368,180 per month. The following table reflects the percentage of the Quarterly Payment Party A will pay to Party B:

 

	Percentage of Committed Net Profit	 	Percentage of Quarterly Payment	 
	100%	 	 	100	%
	At least 90% but less than 100%	 	 	80	%
	At least 80% but less than 90%	 	 	60	%
	At least 70% but less than 80%	 	 	40	%
	At least 60% but less than 70%	 	 	20	%
	Less than 60%	 	 	0	%

 

If Party B receives less than 100% of all Quarterly
Payments due to adjustments under Section 2.6 but then is able to achieve 100% of the full-year Committed Net Profit, then Party A will
pay the balance of such Quarterly Payments within 10 days following March 31, 2022.

 

Article 3 Products Delivery and Acceptance

 

3.1 Party
B undertakes that the delivery time shall be within 5 days from the date of signing of this Agreement by notifying Party A to send personnel
to carry out on-site inspection and acceptance, record number and product status (the final date of Party A’s actual acceptance
shall prevail). Party B shall submit documents related to the Products, such as usage instructions, purchase vouchers, product defects
or damage maintenance records, etc.

 

3.2 Upon
acceptance by Party A, Party B will cooperate with Party A to ensure instaneous delivery of mined digital currencies to Party A. Party
B shall not interfere with such delivery or alter such delivery instructions without the prior written authorization of Party A, confirmed
telephonically between two representatives of Party A and Party B known to each other.

 

    3

     

    

 

3.3 From
the date of Party A’s acceptance, the ownership of the Products shall be transferred to Party A. After the acceptance of the Products,
Party A entrusts Party B to manage the Products free of charge. Party B has the obligation to manage the Products properly and professionally.
During the performance commitment period, Party B shall bear the risk of product failure, damage or loss due to inherent defects of the
product and Party B’s mismanagement. After the performance commitment period, both parties may sign a separate paid entrusted management
agreement.

 

3.4 From
the date of Party A’s acceptance, Party A shall have the unrestricted right to inspect, audit, access and evaluate the Products
during Party B’s ordinary operating hours or with prior notice to and agreement with Party B, which will not be unreasonably withheld.
Party B acknowledges and agrees that the Products belong to Party A and that Party B has no right to exclude Party A from Party B’s
premises to the extent Party A requires such access. To this end, Party B grants Party A such property rights in Party B’s property
as may be required to secure such access and commits to take all such actions (including payment of rent and other amounts) as may be
required to ensure that Party B does not lose access to the property on which the Products are located. Party B will not move the Products
without the prior written consent of Party A; to the extent Party A grants such consent, the same requirements set forth in this Section
3.4 will apply to such new property.

 

Article 4 Intellectual Property

 

4.1 Party
B shall guarantee that Party A shall not be subject to infringement of any third party’s design, process plan, technical information,
trademark, patent and other intellectual property rights arising from the use of the servers (including technology) provided by Party
B.

 

4.2 In
the event of any third party’s infringement charges, Party A shall notify Party B as soon as possible within seven working days
from the date of the above allegations, and Party B shall be responsible for dealing with the matter with the third party and shall bear
all legal and economic liabilities arising therefrom as to protect Party A from legal and economic liability caused by third party claims.
Party B indemnifies and holds harmless Party A against any such liability.

 

Article 5 Warranty

 

5.1 Party
B shall be responsible for the quality assurance of the Products.

 

5.2 The
warranty period shall be 1 years from the date of acceptance by Party A. Within 1 years, Party B will replace or repair free of charge
of those Products that are with poor material or design defects of the product itself, or damage caused by Party B’s mismanagement;
after1 years, Party B will charge a certain cost for maintenance and replacement.

 

5.3 Party
B undertakes that the source of the Products supplied to Party A shall be clear, legal and traceable, and Party B shall have full legal
ownership of the Products and shall provide legal VAT invoices issued by the manufacturer to Party A.

 

Article 6 Liability for breach of contract

 

6.1 Party
A and Party B shall perform the rights and obligations of the parties in strict accordance with this Agreement. In case of breach of this
Agreement, the defaulting party shall compensate the non-defaulting party for all the losses caused to the non-defaulting party (including,
but not limited to, its own direct economic loss, loss of goodwill and indirect economic losses such as fines, damages, settlement fees,
legal fees, litigation fees, etc.), and shall pay the non-defaulting party RMB 5 million for breach of contract (except in the case of
force majeure).

 

    4

     

    

 

6.2 Except
where such delay is due in part to actions or failures to act by Party B, if Party A is late on its payment, for each day overdue, it
shall pay Party B a penalty of 0.05% of the overdue amount, while still fulfilling the payment obligation. If more than 15 days are overdue,
Party B has the right to terminate this Agreement.

 

6.3 If
Party B has major concealment or misleading of product information, illegal operations, etc., resulting in the inability to continue to
perform this Agreement or fail to achieve the purpose of the Agreement or if Party B fails to perform its obligations under this Agreement
for any reason, Party A has the right to terminate the contract and Party B shall be liable for compensation.

 

Article 7 Force Majeure

 

7.1 Definition
of Force Majeure: refers to all events occurring after the signing of this Agreement, which cannot be foreseen at the time of the signing
of this Agreement, whose occurrence and consequences are unavoidable or overcome, and which hinder the full or partial performance of
either party. These include earthquakes, typhoons, floods, fires, wars, riots, civilian disturbances or government actions (including
but not limited to government embargoes on product-related hardware, software, technology or services, etc.), disruptions in international
or domestic transport, and other events recognized as force majeure under Chinese law or general international commercial practice. Force
majeure shall not include government tariffs or other protectionary actions that may make performance more expensive or disease outbreaks.

 

7.2 Consequences
of force majeure:

 

(1) The
suspension of the performance of the Agreement by a party affected by the event of force majeure during the period of delay caused by
force majeure shall not be considered a breach of contract and shall not be liable for the delay or failure to perform the obligations
of this agreement caused by the event of force majeure.

 

(2) The
party affected by the event of force majeure shall immediately notify the other party in order to mitigate the loss that may be caused
to the other party and shall provide proof of the occurrence and duration of force majeure within 15 working days after the event of force
majeure.

 

Article 8 Applicable Law and Dispute Resolution

 

8.1 This
Agreement shall be executed and interpreted in accordance with the laws of the People’s Republic of China, excluding Taiwan, Hong
Kong and Macao, for the purposes of this Article only.

 

8.2 All
disputes relating to or arising from this Agreement shall first be settled through friendly negotiation between the Parties. If consultation
cannot be resolved, a lawsuit may be brought to the people’s court with jurisdiction in Beijing.

 

    5

     

    

 

Article 9 Other

 

9.1 The
Parties agree that neither Party shall terminate this Agreement in advance unless otherwise provided in this Agreement.

 

9.2 Party
A and Party B shall keep strictly confidential the terms and contents of this Agreement, the trade secrets, proprietary information and
other relevant information of the other party learned during the signing or performance of this Agreement. This Article shall remain in
force during the validity of this Agreement and after the termination of this Agreement for any reason. Notwithstanding the foregoing,
Party A shall be entitled to file such materials regarding this Agreement as may be required to comply with its obligations as a U.S.
public company listed on the Nasdaq Capital Market.

 

9.3 Any
notice or written communication (including, but not limited to, all offers, written documents, orders and notices under this Agreement)
sent by any party to this Agreement shall be delivered to the other party by Email or express delivery. Date of delivery of such documents
shall be confirmed by the following means: the date of delivery Email form shall be the date of delivery to the other party’s mailbox;
if sent by express delivery, the first working day after sending shall be the date of delivery.

 

The contact information designated
by both parties is as follows:

 

	 	Party A designated contact
person: Xintang YOU	 
	 	email: 	 
	 	Phone :	 
	 	 	 
	 	Party B designated contact
person: Wu WANG	 
	 	email: 	 
	 	Phone: 	 

 

9.4 This
Agreement shall enter into force on the date of signature by both parties. Any amendment to this Agreement shall be made by signing a
written supplementary agreement. The written supplementary agreement signed by both parties shall have the same legal effect as this Agreement.

 

9.5 The
invalidity of any provision of this Agreement shall not affect the validity of the remaining provisions.

 

9.6 This
Agreement shall be in duplicate, each party holding one copy, each of which shall have the same legal effect.

 

[Signature Page – Mining Server Purchase
Agreement - Follows]

 

    6

     

    

 

[Signature Page - Mining Server Purchase
Agreement]

 

	Party A (stamped):	 
	Legal or authorized representative (signature):	/s/	 

	Date:	March 2, 2021	 	 
	 	 

	Party B (stamped):	 	 
	Legal or authorized representative (signature):	/s/	 

	Date:	March 2, 2021	 	 
	 	 	 	 
	Place of signature: Beijing City, People’s Republic of China	 

 

 

7

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