Document:

Corporate Services Terms and Conditions

 EXHIBIT 10.12 

CORPORATE SERVICES TERMS AND CONDITIONS 

These Corporate Services Terms and Conditions (this “Agreement”) govern the provision of certain general administrative and
related corporate services by Privateer Holdings, Inc., a Delaware corporation (“Provider”) to the entity named in the accompanying Order Confirmation (“Company”). 

1. SERVICES AND FEES 
 1.1
Services. Beginning on the Effective Date as set forth in the accompanying order confirmation (“Order Confirmation”), Provider, through its Affiliates and the Personnel (in each case as defined below) will, on an as-requested basis, will provide or otherwise make available to Company (and/or Company’s subsidiaries), the services set forth on the Order Confirmation (the “Services”). Either party may
change the scope or performance of the Services upon reasonable notice by execution of an amended Order Confirmation, which shall not be binding unless and until mutually agreed. “Services” shall mean the Services and/or the
Additional Services (as defined below), as the context may require. 
 1.2 Additional Services. Provider may make additional services
available to the Company on an as-requested basis (collectively, “Additional Services”) which may include, but are not limited to: (a) services not included on Order Confirmation that are
specifically requested in writing by Company; (b) services which do not reasonably constitute routine general administrative or other corporate services as described on Order Confirmation; or (c) services which may reasonably anticipated
to create unusual burdens or demands on Provider’s resources, such as litigation support, acquisition and offering support services (including legal services), tax audit support or public or investor relations services other than routine
shareholder communications. The scope of such Additional Services, as well as any costs and other terms and conditions applicable to such Additional Services shall be as mutually agreed by Provider and Company prior to the provision of such
Additional Services. 
 1.3 Personnel. The parties acknowledge and agree that Provider may satisfy its obligation to provide or
procure the Services and Additional Services hereunder by causing one or more of its subsidiaries (other than Company; hereinafter, “Affiliates”) to provide or procure such services, and/or by designating or assigning various
employees, consultants, and independent contractors of it and/or its Affiliates or third party providers (collectively, “Personnel”) to provide or procure such services, as Provider shall deem appropriate. 

1.4 Standard of Services. Provider agrees that it, its Affiliates and Personnel will perform the Services and discharge its and their
duties under this Agreement diligently and in good faith, and exercise the degree of care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances. 

1.5 Fees. As consideration for the performance of the Services, Company shall pay to Provider a monthly fee (“Services
Fee”) as described herein. The Services Fee shall be set forth on a quarterly invoice, issued within thirty (30) days of the close of the calendar quarter, and shall consist of the aggregate Costs incurred by Provider and/or its
Affiliates in connection with the provision of the Services. “Costs” shall mean (i) the actual compensation paid to Personnel (including salary and benefits) plus a three per cent (3%) markup, (ii) reasonable travel costs
and expenses as required by the Company and in accordance with Company policy, and (iii) actual costs of third party goods or services purchased or procured by Provider on behalf of Company. Each invoice shall set forth in reasonable detail:
(a) the Services rendered; (b) the Services Fees for each type of Service provided; and (c) such additional information as may be reasonably requested. All undisputed Services Fees shall be due no later than thirty (30) days from the
date of invoice. If Company in good faith disputes any invoiced charge, such charge shall be due only after mutual resolution of such dispute. Company agrees to promptly notify Provider of any disputed charge.

 
Any dispute with respect to an invoiced charge shall be resolved in accordance with the dispute resolution procedure set out in Section 1.6. 

1.6 Services Fee Disputes. In the event of a dispute between Provider and Company in relation to an invoice issued pursuant to
Section 1.5 (a “Services Fee Dispute”) then the parties shall follow the procedure set out below: 
 (a) Either party
shall give to the other written notice of the Services Fee Dispute, setting out its nature and full particulars (“Services Fee Dispute Notice”), together with relevant supporting documents (if any). On service of the Services Fee
Dispute Notice, the Chief Financial Officer of Provider (the “Provider Representative”) and the Chief Financial Officer of Company (the “Company Representative”) shall attempt in good faith to resolve the Services
Fee Dispute. 
 (b) If the Provider Representative and the Company Representative are for any reason unable to resolve the Services Fee
Dispute within 14 days of service of the Services Fee Dispute Notice (the “Initial Resolution Period”), the Services Fee Dispute shall be referred to an independent expert being an accountant or corporate finance professional with a
suitable qualification and relevant experience (“Independent Expert”) to be selected within 21 days of the expiry of the Initial Resolution Period by agreement between Provider and Company and failing such agreement, shall be
selected by Provider’s outside auditor, on the written application of the Provider or the Company. 
 (c) Each of Provider and Company
shall within 14 days of the appointment of the Independent Expert set out in writing in reasonable detail to the Independent Expert its submission on the Services Fee Dispute, and shall at the same time forward copies of such submissions to each
other. 
 (d) The Independent Expert may request further documentation, information or clarification on any matter which he in his sole
discretion decides is relevant from Provider or Company. Any response to such a request shall be delivered to the Independent Expert not later than 7 days after receipt of such request by the receiving party. 

(e) The Independent Expert shall review the submissions and the responses from each of Provider and Company relating to the Services Fee
Dispute. After such review the Independent Expert shall make a determination on the Services Fee Dispute within 14 days of the receipt of the submissions and responses received from Provider and Company pursuant to paragraphs (c) and (d) above.
In doing so, the Independent Expert shall act as an expert and not as an arbitrator. His decision will (in the absence of manifest error) be final and binding on each of Provider and Company. 

(f) The costs of the Independent Expert shall be apportioned between Provider and Company equally, but each party shall be responsible for its
own costs of presenting its case to the Independent Expert and of identifying the specific matters disputed or referred by it. 
 1.7
Past Due Invoices. A monthly services charge of two percent (2%), or the greatest amount allowed by state law, is payable on all overdue invoices balances. Payments will be credited first to late payment charges and next to the unpaid
balance. Company shall be responsible for all collection or legal fees necessitated by lateness or default in payment. 

  
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 1.8 Third Party Services. When Services are provided by outside providers to or on behalf
of Company, or out-of-pocket costs such as travel are incurred in connection with the provision of such Services, the reasonable cost thereof will be paid by Company. To
the extent that Company is billed by the provider directly, Company shall pay the bill directly. If Provider is billed for such Services, Provider may pay the bill and charge Company the amount of the bill or forward the bill to Company for payment
by Company. 
 2. OTHER OBLIGATIONS. 

2.1 Cooperation. Company shall cooperate with Provider in all matters relating to the Services, including: provide such access to
Company’s premises and such other accommodations as may be reasonably requested by Provider for the purposes of performing the Services; respond promptly to any Provider request to provide direction, information, approvals or authorizations
that are reasonably necessary for Provider to perform Services in accordance with this Agreement; and provide such materials or information, in complete and accurate form, as Provider may reasonably request to carry out the Services in a timely
manner. 
 2.2 Books and Records. During the term of this Agreement, each party shall keep such books, records, and accounts as are
reasonably necessary to verify the calculation of fees and related expenses for the Services provided hereunder. Each party shall provide documentation supporting any amounts invoiced pursuant to Section 1.7 as the other party may from time to
time reasonably request. Each party shall have the right to review such books, records and accounts at any time during normal business hours upon reasonable request, and each party agrees to conduct any such review in a manner so as not to
unreasonably interfere with the other party’s normal business operations. 
 2.3 Financial Responsibility for Personnel.
Provider and/or its Affiliates will pay for all Personnel and other related expenses including salary or wages, of the employees of it and/or its Affiliates performing the respective Services. No Personnel providing Services to Company pursuant to
the terms of this Agreement shall be deemed to be, or shall have any rights as, an employee of Company. 
 2.4 Directors and
Officers. Nothing contained herein will be construed to relieve the directors or officers of Company from the performance of their respective duties or to limit the exercise of their powers in accordance with the constitution of Company or in
accordance with any applicable statute or regulation. 
 2.5 Corporate Opportunities. To the fullest extent permitted by applicable
law, the doctrine of corporate opportunity, or any other analogous doctrine, shall not apply with respect to the Provider or its Affiliates, and no director, officer, or stockholder of Provider or its Affiliates, nor Personnel, shall have any
obligation to refrain from (i) engaging in similar activities or lines of business as the Company or developing or marketing any products or services that compete, directly or indirectly, with those of the Company, (ii) investing or owning
any interest publicly or privately in, serving as a director or officer of or developing a business relationship with, any person or company engaged in similar activities or lines of business as, or otherwise in competition with, the Company,
(iii) doing business with any client or customer of the Company or (iv) employing or otherwise engaging a current or former officer or employee of the Company; and neither the Company nor any of Company’s subsidiaries shall have any
right by virtue of this Agreement in or to, or to be offered any opportunity to participate or invest in, any venture engaged or to be engaged in by the Provider or any Affiliate of the Provider, or any right by virtue of this Agreement in or to any
income or profits derived therefrom. 
 3. TERM AND TERMINATION. 

  
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 3.1 Term. The initial term of this Agreement shall begin on the date of this Agreement and
continue through the end of the current calendar year (the “Initial Term”). This Agreement shall automatically renew at the end of the Initial Term for successive one-year terms (each a
“Renewal Term”, and all together with the Initial Term, the “Term”) until terminated in accordance with Section 3.2 below. 

3.2 Termination. This Agreement may be terminated with respect to all or part of the Services and/or Additional Services: 

(a) by either party at any time on thirty (30) days prior written notice, with respect to termination of any Service or Additional
Service, and ninety (90) days prior written notice, with respect to termination of this Agreement, to the other party; 
 (b) by either
party if the other party materially breaches any provision of this Agreement, and fails to remedy the default within ten (10) days of notice to that effect; or 

(c) by either party upon written notice to the other party if an Insolvency Event occurs in relation to the other party. 

An “Insolvency Event” for the purposes of this Section 3.2 means: 

(i) a party being insolvent or unable to pay its debts or an encumbrancer taking possession or attempting to take possession of or exercising
or attempting to exercise any power of sale in respect of the whole or any part of the undertaking, property, assets or revenue of a party; 

(ii) an order made, petition presented, resolution passed or meeting convened or proceedings or action taken for the winding up or liquidation
of a party or for or with a view to appointing a liquidator, examiner, receiver, administrator, trustee or other similar officer to a party or any distress, execution, sequestration, attachment or other process being levied or entered upon or sued
out in respect of a party or against any property or asset of a party; 
 (iii) a composition in satisfaction of debts, scheme of
arrangement or compromise or arrangement with creditors or members (or any class of creditors or members) being proposed, sanctioned or approved in relation to a party (other than in the case of a solvent reorganization of that party). 

3.3 Effect of Termination. In the event of a termination of this Agreement as to any Service, or upon termination of this Agreement in
its entirety, the Provider shall have no further obligation to provide the terminated Service(s) (or any Services, in the case of termination of this Agreement) and the Company shall have no obligation to pay any Services Fees relating to such
terminated Service(s); provided, that notwithstanding such termination, (a) Company shall remain liable to Provider for Services Fees owed and payable in respect of Service(s) provided prior to the effective date of termination; and
(b) the provisions of Sections 3.3, 3.4, 5, 6 and 7 shall survive any termination. Termination of this Agreement for any reason will not relieve a party of any liability for breach thereof prior to such termination. 

3.4 Post-Termination Services. Following a termination of this Agreement, Services may be provided to Company on an as-requested basis by the Provider. In the event such Services are provided by Provider to Company, Company shall be charged by Provider a fee equal to the market rate for comparable services charged by third-party
vendors. Such fee will be charged monthly and payable by Company within thirty (30) days. Save as provided above, the provisions of Section 1.5 shall apply with respect to the payment of such fee. 

  
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 4. OTHER ACTIVITIES OF PROVIDER. Company recognizes that Provider now renders and may continue to
render management, administrative and related corporate services to other companies that may or may not have policies or conduct activities similar to those of Company. Without prejudice to the provisions of Section 1.4, Provider shall be free
to render such advice and other services, and Company hereby consents thereto and Provider shall not be required to devote full time and attention to the performance of its duties under this Agreement. 

5. INDEMNIFICATION 
 5.1
Provider’s Indemnification Obligation. Provider agrees to indemnify, defend and hold harmless Company, any subsidiaries of Company and their directors, officers, agents and employees (each, a “Company Indemnified
Person”) from and against any loss, cost or damage related to, and to reimburse each Company Indemnified Person for all reasonable expenses (including, without limitation, reasonable attorneys’ fees) as they are in incurred in
connection with any claim, action or proceeding arising out of or relating to the gross negligence or willful misconduct of Provider, an Affiliate or Personnel in performing or failing to perform its obligations under this Agreement. 

5.2 Cooperation and Settlement. Upon the assertion of any claim or the commencement of any suit or proceeding against a Company
Indemnified Person that may give rise to liability of an indemnifying party hereunder, the Company Indemnified Person shall promptly notify the indemnifying party of the existence of such claim and shall give the indemnifying party reasonable
opportunity to defend and/or settle the claim at its own expense and with counsel of its own selection. Company Indemnified Person shall at all times have the right to participate fully in such defense at its own expense, and the Company Indemnified
Person shall not be obligated, without its consent, to participate in any settlement which it reasonably believes would have an adverse effect on the business of Company or a Company of Company. The Company Indemnified Person shall make available to
the indemnifying party all books and records relating to the claim, and the parties agree to render to each other such assistance as may reasonably be requested in order to insure a proper and adequate defense. A Company Indemnified Person shall not
make any settlement of any claims which might give rise to liability of an indemnifying party hereunder without the prior written consent of the indemnifying party. 

6. CONFIDENTIALITY 
 6.1
Definition. As used herein, “Confidential Information” of a party means, any and all confidential or proprietary information of a party disclosed in any form, in connection with this Agreement, whether the information is
furnished before or after the date hereof, including all information not generally known to the public, the terms and conditions of this Agreement, all data and information related to either party’s customers, technology, trade secrets,
operations, facilities, products, systems, procedures, research, development, employees, or financial information, and all other information that the recipient thereof knew or should have known is confidential. 

6.2 Use and Disclosure. Subject to Section 6.3, Confidential Information shall be held and retained in strict trust and in a
manner adequate to protect the other party’s proprietary rights and interest and such information shall not be disclosed to any third parties or used for purposes other than performing under this Agreement without the other party’s written
consent. The receiving party shall at all times protect the other party’s Confidential Information with at least the same degree of care that the receiving party uses to protect its own Confidential Information and in any case, no less than a
reasonable degree of care. Confidential Information may be disclosed to employees and agents of the parties, but only when such disclosure is required and necessary for successful performance under this Agreement and only to those employees and
agents who have been informed of and agree to the provisions of this Article. Each party 

  
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agrees to disclose to the other only such Confidential Information as may be reasonably necessary to accomplish the purpose of this Agreement. 

6.3 Exceptions. Notwithstanding Section 6.2, a receiving party may disclose Confidential Information without violating the
obligations of this Agreement, to the extent: 
 (1) the disclosure is required by applicable law, any governmental authority or regulatory body or any stock
exchange or antitrust authority with authority over the party or any of its affiliates; 
 (2) the disclosure is required for the purpose of any judicial
proceedings arising out of this Agreement; 
 (3) the disclosure is to affiliates of a party; 

(4) the disclosure is required to be made to a tax authority in connection with the tax affairs of the party or its affiliates; 

(5) the disclosure is made to professional advisers of the party or any of its affiliates provided such advisers owe a professional duty of confidentiality in
relation to the information disclosed; 
 (6) the other party has given prior written approval to the disclosure, 

provided that the receiving party provides the disclosing party with reasonable prior written notice of such required disclosure and makes a reasonable
effort to obtain, or to assist the disclosing party in obtaining, a protective order preventing or limiting the disclosure and/or requiring that the Confidential Information so disclosed be used only for the purposes for which disclosure is
required. In addition, notwithstanding Section 6.2, a receiving party will not have obligations under this Agreement with respect to a specific portion of the Confidential Information of the disclosing party to the extent such receiving party
can demonstrate with competent evidence that such portion of Confidential Information: (a) was in the public domain at the time it was disclosed to the receiving party; (b) entered the public domain subsequent to the time it was disclosed
to the receiving party, through no fault of the receiving party; (c) was in the receiving party’s possession free of any obligation of confidence at the time it was disclosed to the receiving party; (d) was rightfully communicated to the
receiving party free of any obligation of confidence subsequent to the time it was disclosed to the receiving party; or (e) was developed by the receiving party independently (i.e., not in connection with this Agreement or at the direction or
for the benefit of the Company) and without reference to or use of the disclosing party’s Confidential Information. 
 6.4
Ownership; Return of Confidential Information. Confidential Information shall remain the property of the disclosing party and upon termination of this Agreement or upon demand by either party, each party will promptly return to the disclosing
party all documents and other tangible materials representing the disclosing party’s Confidential Information and all copies thereof or destroy all such documents, materials, and copies thereof, and upon request, certify to the disclosing party
in writing that such Confidential Information has been destroyed. 
 7. MISCELLANEOUS 

7.1 Entire Agreement. This Agreement constitutes the complete and exclusive agreement between the parties with respect to the subject
matter contained herein, and supersedes all prior and contemporaneous understandings and agreements, oral and written, between the parties relating to the subject matter herein. This Agreement may not be modified or altered except by a written
instrument duly executed by both parties. 

  
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 7.2 Relationship of the Parties. The relationship between Company and Provider established
by this Agreement is that of independent contractors. The parties understand and agree that, except as specifically provided for herein, neither party grants to the other party the power or authority to make or give any agreement, statement,
representation, warranty or other commitment on their behalf, or to enter into any contract or otherwise incur any liability or obligation, express or implied, on their behalf, or to transfer, release or waive any of such party’s right, title
or interest. Nothing in this Agreement shall be construed: (a) to constitute the parties as principal and agent, employer and employee, partners, joint venturers, co-owners or otherwise as participants in
a joint undertaking; (b) as an assumption by Provider of any obligation to increase the revenues or profits of Company or otherwise to guarantee the success of the operations of Company; or (c) as the delegation of any function or
authority of Company to Provider, it being understood that all decisions with respect to Company shall remain with the board of directors and authorized officers of Company. 

7.3 Assignment. This Agreement shall not be assignable except with the prior written consent of the other party to this Agreement. This
Agreement shall inure to the benefit and be binding upon the parties hereto, and their respective successors and permitted assigns. 
 7.4
Governing Law and Jurisdiction. This Agreement shall be construed and interpreted and the rights of the parties determined in accordance with the local laws of the State of Washington, without regard to its conflict of law rules and the
courts of the State of Washington will have exclusive jurisdiction to hear, settle and/or decide any dispute relating to this Agreement. 

7.5 Severability. In the event that any provision of this Agreement or any obligation or grant of rights by either party is found to be
invalid or unenforceable pursuant to a judicial decree or decision, it will be deemed not to form part of this Agreement and the remainder of this Agreement shall remain valid and enforceable according to its terms. 

7.6 Third Party Beneficiaries. The provisions of this Agreement are for the sole benefit of Provider and its Affiliates, and Company
and its subsidiaries and will not, except to the extent otherwise expressly stated herein, inure to the benefit of any third party. 
 7.7
No Waiver. Any waiver of the provisions hereof must be in a writing signed by the waiving party. Any waiver or failure to enforce any provision of this Agreement on one occasion shall not constitute a waiver of any other provision or of such
provision on any other occasion. 
 7.8 Construction. The headings in this Agreement are for ease of reference only, and do not
affect the interpretation or construction of this Agreement. When used in this Agreement, “including” means “including without limitation”. This Agreement shall be construed without regard to any presumption or rule requiring
construction or interpretation against the drafting party. 
 7.9 Notices. All notices pursuant to this Agreement shall be in
writing, addressed to the parties at the address stated in the Order Confirmation (or to such other address that may be designated by the receiving party in accordance with this Section), and shall be deemed given when: (a) delivered by hand
(with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight carrier (receipt requested); (c) on the date sent by facsimile or e-mail of a PDF
document (with confirmation of transmission if sent during normal business hours of the recipient, and on the next business day if sent after normal business hours of the recipient; or (d) on the third day after the date mailed, by certified or
registered mail, return receipt requested. 
 7.10 Counterparts; Electronic Transmission. This Agreement may be executed in one or
more counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument. 

  
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A signed copy of this Agreement delivered by facsimile, PDF or other means of electronic transmission shall have the same legal effect as delivery of an original signed copy of this Agreement.

  
  

  
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 CORPORATE & MANUFACTURING SERVICES 

ORDER CONFIRMATION 
 Provider agrees
to provide the following services to Company on an as-requested basis (initial each to select): 
  

	☐	Corporate Governance Services and Corporate Records. provision of general company secretarial services, including, but not limited to, keeping statutory books and records, convening meetings of the members of the
Company, and meetings of the Boards of Directors and the shareholders of the subsidiaries of the Company and preparing adequate documentation for such meetings; the safekeeping and professional filing of all original corporate documents of the
Company and subsidiaries of the Company; and, the establishment and maintenance of an adequate and accessible archive of all documents relevant to the Company’s business in electronic form and/or physical form. 

 

	☐	Treasury, Finance and Accounting Services. The services shall include: 

 (1) operation of
the Company’s bank accounts in accordance with such principles as the directors of Company from time to time shall approve. 
 (2)
administration of the use of credit cards and provision for reimbursement of expenses. 
 (3) collection of all amounts due from third
parties to the Company on the Company’s behalf and the establishment and follow-up of efficient procedures for the purpose of collecting any overdue amounts. 

(4) settlement of debts and accounts payable to third parties as such fall due including pursuit of a satisfactory solution of any dispute in
relation thereto on the Company’s behalf. 
 (5) making all lease and license payments on the Company’s behalf. 

(6) administration of payroll services on behalf of the Company. 

(7) settlement of all inter-company accounts between the Company and its subsidiaries in accordance with such agreements and other
documentation for payments as shall be in existence from time to time. 
 (8) provision of accounting services and tax related services such
as preparation of federal, state and local tax returns (including income tax returns), tax research and planning, and assistance on tax audits (federal, state and local). 

(9) assistance in relation to the financing of the Company’s activities, including the identification of sources of potential financing,
negotiation of financing arrangements, and coordination of financing with affiliated companies for the benefit of the Company. 
  

	☐	 Insurance. Procurement of property and casualty insurance, as well as other normal business insurance, on
behalf of its Company or its subsidiaries in accordance with the general guidelines and policies from time to time in force for coverage, insurers and terms for the insurance; advice and assistance to the Company in filing and managing claims under
all insurance policies procured on its behalf or for its benefit; and, general advice and assistance to the Company in the procurement of other insurance as 

  
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may be necessary or prudent in order to comply with legal or contractual requirements, or otherwise prudently insure the risks of the Company. 

 

	☐	Sale and Purchase of Assets. Supervision of the sale and purchase of assets on the Company’s behalf including the completion of such transactions; arranging the financing in the case of a purchase and, if
necessary, renegotiating existing financing, and in the case of a sale or purchase, arranging other contractual agreements required by the transaction and the general completion of the specific transaction; and, reviewing the market for sale and
purchase of assets and providing the Company with recommendations in this respect. Any contracts related to a sale or purchase of an asset shall always be subject to the final approval of the Company. 

 

	☐	Legal Services. Provision of general advice and assistance for legal matters and in the prosecution or defense of any and all legal proceedings by or against the Company, on the Company’s behalf and follow
up the same in accordance with such instructions as shall be provided to the Provider in this respect by the Company. However, Provider shall not be obligated to provide such legal services if Provider concludes, after consultation with its counsel,
that such services could reasonably be expected to create a conflict of interest or violate an ethical rule. In such circumstances, Provider will promptly advise Company of the conflict and it shall be Company’s sole responsibility to retain
and consult with independent counsel with respect to the subject matter giving rise to the conflict. Company acknowledges and agrees that it is a joint client of all attorneys employed or engaged by Provider (collectively, “Attorneys”).
Except as otherwise agreed in writing, the parties agree that the attorney- client privilege, attorney work-product protection, and expectation of client confidence arising from the Attorneys’ representation of Company may not be waived without
the written consent of both parties. Without limiting the foregoing, Company further consents to the provision of the same or similar legal services by the Attorneys to Provider or its Affiliates whether or not there is common interest between
Provider, Company and/or the Affiliates. Company acknowledges and agrees that in the event that Company’s interests become adverse to Provider or any Affiliate which also received legal advice from Attorneys, Company may not challenge any
assertion of attorney-client privilege on the basis of such joint representation. 

  

	☐	Marketing and Creative Services. Development and marketing of Company’s products and services, including the identification of potential customers, brand and product development, and development of trade and
consumer communications, including identity, advertising, design and environmental. 

  

	☐	Corporate Communications Services. Advice and assistance with respect to communications, such as directing public relations, coordinating with media outlets, developing and refining messaging and content,
implementing social media strategies, managing company brand and reputation, preparing and delivering investor updates, and government relations. 

  

	☐	Human Resources and Employee Benefit Related Services. Recruitment and screening of candidates, hiring and onboarding, training, performance management, and establishing compensation; and administration of
Company’s employee participation in employee benefit plans (including filing of required reports under ERISA), insurance programs, and equity incentive programs sponsored by Provider. 

 

	☐	Scientific and Technical Services. Research and development, product innovation, facilities and engineering planning and management. 

  
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	☐	Information Technology Services. Provision of computer and information services, email services, and telephone and communications services to the Company. 

 

	☐	Sales Agency. Solicitation of orders for products offered by Company within a specified territory. 

  

	☐	Logistics and Supply Chain. Procurement, warehousing, transportation, delivery, distribution, and brokerage services. 

  

	☐	Manufacturing. Production, preparation, propagation, compounding, conversion, or processing of cannabis products, either directly or indirectly or by extraction, including any packaging or repackaging of the
products or labeling or relabeling of its container. 

 [Signature Page to Follow] 

  
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 By signing below, the Parties agree to observe and be bound by the Corporate Services Terms &
Conditions. 
  

					
	COMPANY: Tilray, Inc.	 	
			
	By:	 	/s/ Brendan Kennedy	 	  Date: Feb 5, 2018
			
	Name:	 	Brendan Kennedy	 	
			
	Title:	 	President	 	
			
	Email:	 	brendan.kennedy@tilray.com	 	
		
	Address for Notice: 1920 Eastlake Ave. E.	 	
			
		 	Seattle, WA 98102    	 	
		
	PROVIDER: Privateer Holdings, Inc.	 	
			
	By:	 	/s/ Michael Blue	 	
			
	Name:	 	Michael Blue	 	
			
	Title:	 	CFO/Treasurer	 	

  
 12Trademark License Terms &amp; Conditions

 Exhibit 10.13 

TRADEMARK LICENSE TERMS & CONDITIONS 

The terms and conditions of this Agreement shall govern the grant by Docklight LLC (“Licensor”) of a limited license to use certain intellectual
property rights to the party named in the License Schedule (“Licensee”). 
 1. LICENSE GRANT 

1.1 Licensed Rights. Subject to the terms and conditions of this Agreement, Licensor hereby grants to Licensee an exclusive license to
use the trademarks (the “Licensed Property”) on or in connection with the manufacture, sale, distribution, marketing, advertising and other related activities of the goods and/or services (“Licensed Products”) solely for the
period (the “License Period”) in the territory (the “Licensed Territory”), subject to Licensee’s payment of the Royalty (“Royalty”), each as set forth in the License Schedule. Also during the Licensed Period,
Licensor shall grant to Licensee an exclusive license to any recipe or formulation for the manufacture and sale of the Licensed Products in the Licensed Territory. 

(a) From time to time, Licensor may modify, update, or change the Licensed Property and/or Licensed Product, including but not limited to
changes to the spelling, designs, fonts, logos, or colors of the Licensed Property or changes in the recipes or formulations of the Licensed Product. The Licensed Rights shall extend to all such modifications, updates, or changes. 

(b) Upon any such modification, update, or change, Licensor shall provide written notification to the Licensee of the modification, update,
or change and provide written examples thereof. 
 (c) Upon receipt of the written notification, Licensee shall, within a commercially
reasonable time, conform its use of the Licensed Property and/or its use of the recipes and formulations so as to be consistent with all modifications, updates, or changes. 

1.2 Rights Not Granted. This Agreement is not an assignment or grant to Licensee of any right, title or interest in or to the Licensed
Property, other than the grant of rights to use the Licensed Property on or in connection with Licensed Products in the Licensed Territory as set forth herein. Licensee shall not use the Licensed Property other than as specifically permitted
hereunder. Licensee agrees that in using the Licensed Property, it will in no way represent that it has any right, title or interest in or to the Licensed Property other than as expressly granted under the terms of this Agreement. 

1.3 Duty to Exploit License. Licensee shall use commercially reasonable efforts during the License Period to (a) manufacture the
Licensed Products; (b) distribute and sell the Licensed Products; and (c) engage in Advertising and Promotion (as defined below) in the Licensed Territory. 

1.4 Covenants. Licensee covenants that either during the License Period or thereafter, Licensee shall not do nor permit any of the
following: 
 (a) any act or omission in derogation of the rights of Licensor in the Licensed Property; 

(b) any use of the Licensed Property in a manner not specifically authorized by this Agreement; 

(c) any act or omission calculated or likely to harm the Licensed Property or bring the Licensed Property into disrepute; 

(d) any act or omission calculated or reasonably likely to harm the Licensor or bring the Licensor into disrepute;enter into any sublicense
or otherwise assign or transfer any right or 

  
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obligation except as expressly authorized under this Agreement; 
 (e) attack the
validity of the Licensed Property; 
 (f) make unauthorized modifications of the Licensed Property including but not limited to changes in
spelling, designs, fonts, logos, or colors; 
 (g) make unauthorized modification to the recipes or formulations of the Licensed Products
without the prior, written consent of the Licensor; 
 (h) affix any third party trademark, logo, word, or design to the Licensed Products
or use any other trademark, logo, word, or design in connection with the Licensed Products except that Licensee may use its own trademarks, logos, words, designs, or trade names on packaging, advertising and promotional materials for the Licensed
Products; 
 (i) claim, use, or apply to register, record or file any trademark, trade name, business name, corporate name, domain name,
social media user name, email address, metatag, Adwords or similar search term, copyright, or design that is identical with, confusingly similar to, clearly derived from or based on or that includes any of the Licensed Property; or 

(j) use any of the Licensed Property in a manner which is likely to depreciate or cause material harm to the goodwill attached to any of the
Licensed Property. 
 1.5 Licensee Trademarks. It shall not be a breach of covenants in Section 1.4 if Licensee independently
develop its own trademarks (the “Licensee Trademarks”) on or in connection with the manufacture, sale, distribution, marketing, advertising and other related activities of the Licensed Products so long as the Licensee Trademarks are not
identical with, confusingly similar to, clearly derived from, or based on, or that includes any of the Licensed Property. For the avoidance of doubt, Licensee Trademarks may be used on or in connection with goods and services that are deemed
competitive to the Licensed Products. 
 1.6 Right of First Offer. During the License Period, Licensor shall not directly or
indirectly through an affiliate enter into any agreement or consummate any license agreement relating to any newly developed trademarks (the “Future Trademark”) on or in connection with the Licensed Products in the Licensed Territory with
any independent third party other than Licensee except in compliance with the terms and conditions of this Section 1.6. For the avoidance of doubt, Future Trademark means any new trademark that is not set forth in the License Schedule; Future
Trademark does not include mere modifications, updates, and changes to Licensed Property as set forth in the License Schedule. 
 (a) If,
at any time during the License Period, Licensor desires to grant a license to use a Future Trademark, Licensor shall first give written notice (“the Offer Notice”) to the Licensee stating its bona fide intention to license the Future
Trademark, the exact nature of the Future Trademark, and all material terms and conditions, including the proposed royalty rate and any guaranteed minimum royalty. 

(b) Upon receipt of the Offer Notice by the Licensee, the Offer Notice shall be irrevocable for a period of thirty (30) days (the
“ROFO Notice Period”). 
 (c) The Licensee shall have until the end of the ROFO Notice Period to exercise its Right of First
Offer by delivering a written notice (a “ROFO Exercise Notice”) to the Licensor stating that it offers to license such Future Trademark on the terms specified in the Offer Notice. Any ROFO Exercise Notice so delivered shall be binding upon
delivery and irrevocable by the Licensee. 
 (d) The Licensee, if it does not deliver the ROFO Exercise Notice during the

  
 -2- 

 
ROFO Notice Period, shall be deemed to have waived its rights to exclusively license the Future Trademark in the Licensed Territory. 

(e) If no ROFO Exercise Notice is delivered within the ROFO Notice Period, the Licensor shall, during the sixty (60) days following the
expiration of the ROFO Notice Period (the “ROFO Transfer Period”), be free to license the Future Trademark to any independent third party without further obligation to the Licensee and on terms and conditions no more favorable to the
independent third party than those specified in the Offer Notice. If the Licensor does not license the Future Trademark, or if such licensed is not consummated within the ROFO Transfer Period, the right provided hereunder shall be deemed to be
revived and the Future Trademark shall not be offered to any independent third party unless first re-offered to the Licensee in accordance with this Section 1.6. 

2. ADVERTISING AND PROMOTION 

2.1 Advertising and Promotion. Subject to all laws, rules, regulations, standards and orders applicable to the advertising and
marketing of the Licensed Products, Licensee shall have the right to use the Licensed Property to market, advertise and promote the sale of the Licensed Products during the License Period in the Licensed Territory in all media (“Advertising and
Promotion”), subject to the approvals as set forth in Section 6.3 below. All Advertising and Promotion shall comply with all standards, specifications and/or designs as may be established by Licensor and furnished to Licensee from time to
time. In addition, all Advertising and Promotion shall be consistent with the premium brand prestige of the Licensed Property. Licensee must display appropriate disclaimers regarding territorial purchase limitations and Licensee’s use of the
Licensed Property under license from Licensor, as approved by Licensor. Licensee shall, in good faith and at its own expense and subject to the approval required by Section 6.3 hereof: 

(a) market, advertise, promote and sell the Licensed Products to Customers (as defined in Section 5.2 below) located in the Licensed
Territory consistent with good business practice, in each case using commercially reasonable efforts to maximize sales of the Licensed Products; 

(b) establish and maintain a sales and marketing organization sufficient to develop to the satisfaction of Licensor the market potential for
the sale of the Licensed Products, independent sales representatives and a distribution organization and facilities sufficient to make the Licensed Products available to meet demand; 

(c) develop and execute a marketing plan in concert with Licensor sufficient to fulfill its obligations under this Agreement, which shall
provide additional brand support to Resellers as may be mutually determined by Licensor and Licensee; 
 (d) spend such amounts as are
reasonable and customary for the business contemplated herein on other marketing and promotional activities with respect to Licensed Products not specifically delineated hereunder including, but not limited to, point-of-sale materials (including fixtures and signage), but in any event, no less than 2% of Licensee’s gross revenues derived from sale of Licensed Products; 

(e) have sufficient knowledge of the industry and products competitive with each Licensed Product (including specifications, features and
benefits) so as to be able to explain in detail to the Customers the differences between the Licensed Product and competing products, and information on standard protocols and features of each Licensed Product; 

(f) observe all reasonable directions and instructions given to it by Licensor in relation to the marketing, advertisement and promotion of
the Licensed Products, including Licensor’s sales, marketing and merchandising policies as they currently exist or as they may hereafter be changed by Licensor (“Brand Guidelines”), to the extent that these marketing materials,
advertisements or promotions refer to the Licensed Products or otherwise use the Licensed Property; 

  
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 (g) in any and all contacts between Licensee and any Reseller, Licensee must identify to the
Reseller, Licensee’s full legal name, trade name, or both; and 
 (h) market, advertise, promote and sell Licensed Products and
conduct business in a manner that reflects favorably at all times on the Licensed Products and the good name, goodwill and reputation of Licensor and Licensed Property, and consistent with the brand prestige of the Licensed Property. 

3. PACKAGING 
 3.1 Licensed
Products Packaging. All Licensed Products produced under this Agreement shall be packaged in packaging which meets all requirements of Applicable Law and has been approved by Licensor pursuant to Section 6.3 (the “Packaging”).
Licensee is responsible for ensuring, and further represents, warrants and covenants, that all Licensed Products are and shall be packaged in the Packaging. 

3.2 Additional Labels. No labels or marks shall be placed on the Packaging unless supplied to Licensee by Licensor, required under
Applicable Law, or otherwise pre-approved by Licensor in writing, the pre-approval of which shall not be unreasonably withheld. Similarly, the Packaging and labels shall
not be altered in any material way, except for the insertion of the true weight, count, quantity, price or other information required by Applicable Law, solely onto the designated areas of the labeling or packaging where provided. 

4. MANUFACTURING 
 4.1
Manufacture. Licensee is responsible for ensuring, and further represents, warrants and covenants, that all Licensed Products are and shall be cultivated, manufactured, stored, packaged, handled and shipped under sanitary conditions and in
full compliance with all federal and provincial laws, rules, regulations, standards and orders applicable to the facilities, controls, manufacturing, processing, packaging, storing, and handling of the Licensed Products in effect during the License
Period (collectively, “Applicable Law”) and shall be of good merchantable and usable quality, free of all defects and suitable for the purposes for which the Licensed Products are marketed, sold and used. 

4.2 Manufacture of Licensed Products by Third Parties. In the event the Licensed Products are to be designed, cultivated, manufactured,
supplied, stored, packaged, handled or shipped by third party designers, cultivators, manufacturers, and/or suppliers (collectively, “Manufacturers”), Licensee shall notify Licensor of the name and address of such Manufacturer(s) and must,
prior to engaging such Manufacturer, obtain Licensor’s prior written approval. Licensee shall require that the Manufacturer agree to be bound by all terms and conditions in this Agreement applicable to its function as Manufacturer of the
Licensed Products. Licensee agrees to strictly enforce against its Manufacturer(s) all of the applicable provisions in the agreement between Licensee and such Manufacturer(s) for the protection of Licensor and to promptly advise Licensor of any
violations thereof by any Manufacturer(s) of which Licensee becomes aware. 
 4.3 Quality Standard. The nature and quality of the
Licensed Products shall conform to all specifications and standards of quality approved by Licensor pursuant to Section 6.3. 
 5.
DISTRIBUTION 
 5.1 Distribution. Licensor shall have the right to distribute the Licensed Products to Resellers (defined below) in
the Licensed Territory during the License Period. Licensee shall have no right to appoint a subdistributor without the prior written approval of Licensor, which shall not be unreasonably withheld; however, if approved by Licensor, Licensee shall
enter into a written agreement, reasonably acceptable to Licensor, with such approved subdistributor, with terms that are as least as protective of the 

  
 -4- 

 
rights and information of Licensor under this Agreement, and Licensee shall be solely responsible for any acts or omissions of any of its subdistributors regarding the distribution of the
Licensed Products 
 5.2 Restrictions. Licensee may distribute Licensed Products solely in the Licensed Territory and solely to
(i) entities which are properly licensed or approved by the applicable governmental authority to resell cannabis products (each, a “Reseller”), and (ii) eligible individuals (each an “End User”) (End Users and Resellers
collectively, the “Customers”). For clarity, a Reseller shall not include a subdistributor. Licensee shall not sell Licensed Products to any Reseller whom Licensee knows or has reason to believe is purchasing Licensed Product for resale
other than to Customers in the Licensed Territory. Licensee has the sole obligation and responsibility for ensuring that the Resellers comply with the terms and conditions of this Agreement and Applicable Laws. Licensee shall diligently monitor and
enforce Licensee obligations that are discharged by any of the Resellers. 
 5.3 Minimum Advertised Price. Licensor shall establish a
Minimum Advertised Price (“MAP”) for all Licensed Products. The MAP may be adjusted by Licensor upon fifteen (15) days’ notice to Licensee. Licensee will not cause or permit Licensed Products to be advertised at a price below
MAP. The MAP applies only to advertised prices and does not apply to the price at which the Licensed Products are actually sold or offered for sale to an End User, which remains in the discretion of the Licensee and/or Customer. 

5.4 Other Obligations. 

(a) All Reseller orders shall be by means of signed written purchase orders, the form of which shall be reasonably acceptable to Licensor,
and which contains terms that are at least as protective of the rights and information of Licensor under this Agreement. 
 (b) During the
License Period, Licensor will refer any and all orders or inquiries from potential customers within the Licensed Territory to Licensee. Licensee will promptly refer any and all orders or inquiries from potential customers outside of the Licensed
Territory to Licensor. 
 (c) Licensee shall use commercially reasonable efforts to maintain quantities of Licensed Products at all times
during the License Period as reasonably necessary in order to meet the demand of Customers and potential Customers. 
 6. APPROVALS AND
QUALITY CONTROL 
 6.1 Quality Assurance and Control. Licensee will perform quality assurance inspections to assure the compliance of
the Licensed Products with the product specifications set forth in any purchase order and to meet all applicable health and safety requirements. Licensee will maintain separate lot code control for every batch produced and maintain a file recording
where all products by lot code where shipped. Licensee shall retain samples of each batch of Licensed Products produced and filled for a period of no less than two (2) years. Licensee shall ensure that any Manufacturers and any and all raw
material suppliers maintain a quality control program consistent with Applicable Law. 
 6.2 Inspection. Licensor or its
representatives shall have the right, but not the obligation, no more frequently than once per calendar quarter and upon reasonable advance written notice, to visit, inspect and audit Licensee’s facilities and books and records, and/or any
Manufacturer’s facilities and books and records, relating to Licensed Products manufactured hereunder. Licensor will perform such audits at Licensor’s expense; provided, however, that if any such visit, inspection or audit reveals that
Licensee or a Manufacturer is not in material compliance with this Agreement, Licensor will provide written notice of such deficiency and Licensee will reimburse Licensor for its costs in connection therewith. In addition, Licensee agrees to correct
any material deficiencies or defects that affect the quality of Licensed Products identified by Licensor during any inspection, and Licensee shall provide Licensor with a written response detailing the actions taken to correct such defects within
thirty (30) days after such observations 

  
 -5- 

 
were made by Licensor or its representative to Licensee in writing. Licensor may conduct an inspection, at the expense of Licensee, after such defects are corrected to ensure that Licensee is in
material compliance with this Agreement. 
 6.3 Prior Approval. No Licensed Product, Packaging, or advertising or promotional
material therefor shall be sold, distributed or published without Licensor’s prior written approval, which shall not be unreasonably withheld. Subject to Section 6.4, (a) prior to the sale or distribution of any new line of Licensed
Product, Licensee shall provide to Licensor, free of cost, specimen samples of Licensed Product, Packaging, packaging inserts, labels, advertising or promotional material as may be reasonably requested by Licensor. Licensor shall use commercially
reasonable efforts to review and approve or reject all requests for approval with an explanation of concerns within three (3) business days of receiving any such request. 

6.4 For the purposes of Section 6.3., prior approval shall not be required for de minimus changes to Licensed Product specifications, or
for immaterial changes to Packaging or advertising or promotional material which was previously approved by Licensor 
 7. SAFETY,
COMPLAINTS, RECALLS, DEFECTS 
 7.1 Safety; Compliance with Laws. Each Licensed Product shall be manufactured, packaged, labeled,
sold and distributed in accordance with all laws, rules and regulations governing the manufacture, quality, safety, transportation, and distribution of such products. Licensee expressly acknowledges and agrees that Licensor shall rely on Licensee to
ensure that the cultivation, manufacture, packaging, labeling, advertising, sale and distribution of Licensed Products hereunder shall conform in all respects with all Applicable Laws. Each party shall promptly bring to the other party’s
attention any concerns it may have with respect to legal compliance of any Licensed Products. Licensee represents, warrants, and agrees that all Licensed Products produced pursuant to the terms and conditions of this Agreement, and the labeling,
packaging, manufacture, possession, distribution, storage, sale and delivery of all such Licensed Products, shall: (a) comply with or exceed the requirements of all applicable federal and provincial laws, rules, and regulations, including but
not limited to those applicable to the manufacture, pricing, sale and/or distribution of the Licensed Products; and (b) produce articles of good quality and which are substantially free of defects in design, materials and workmanship, and shall
comply with such specifications, if any, as may have been specified in connection with this Agreement, and shall fully conform to any sample thereof approved by Licensor. 

7.2 Product Testing Requirements. Licensee shall follow reasonable, proper, and validated procedures for testing the Licensed
Product(s) to ensure microbial and chemical contaminants are within generally accepted tolerance limits for herbal medicines for human consumption. The testing procedures and tolerance limits shall comply with all applicable federal, state or
provincial, and local laws. Upon Licensor’s written request, Licensee shall provide a copy of such product testing results to Licensor. Licensor may elect (in its sole discretion and at its sole expense) to independently test any Licensed
Product(s) hereunder. Licensed Product(s) found not to comply with the provisions of this Agreement shall be deemed unapproved and shall not be shipped, distributed or sold by Licensee (or any shipment currently in progress shall be immediately
halted until Licensor’s receipt and approval of the results of any retest thereof) until it has been brought into full compliance. Licensee shall also give reasonable consideration to any of Licensor’s recommendations that the Licensed
Product(s) exceed the requirements of applicable Laws. 
 7.3 Complaints. Upon any claim, complaint or assertion by a government or
regulatory agency that a Licensed Product is unsafe or unfit for human consumption, the Licensee shall immediately undertake an investigation and take appropriate actions to minimize risk to consumers until there has been a final determination of
the safety issue to the satisfaction of Licensor. Each party shall immediately, but in any event no later than five (5) days, notify the other party of a complaint with respect to a Licensed Product received from any source, including but not
limited to those which refer to the safety of a Licensed Product or its fitness for human consumption, or which refer to compliance with 

  
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applicable laws or regulations. 
 7.4 Recalls. If any of the Licensed Products
pose a safety threat to the consumer, Licensee shall immediately recall such Licensed Products from the marketplace, and take any other measures Licensor may reasonably demand. If any of the Licensed Products are the subject of negative publicity
due to poor quality and/or safety of the Licensed Products, Licensee shall, upon Licensor’s reasonable request, immediately recall such Licensed Products from the marketplace, and take any other measures Licensor may reasonably demand.
Notwithstanding, Licensor shall be entitled to Royalties for all sales of Licensed Products that may be recalled for any reason. Licensee shall assume all the obligations, liabilities, costs and expenses relating in any recalls of Licensed Product
under this Section 7.4. 
 7.5 Product Defects. 

(a) As between Licensor and Licensee, Licensee assumes all liability for defects or any type of product liability claim regarding the
Licensed Products. In the event that a Customer of any Licensed Product manufactured or sold during the License Period, or any other third party, claims such Licensed Product to be defective or in breach of any warranty or otherwise raises a product
liability claim with respect to the Licensed Product, Licensee shall assume all the obligations, liabilities, costs and expenses relating in any manner to such Licensed Product, including, without limitation, any claimed defect or breach of warranty
or other product liability claim. 
 (b) To the extent permitted by law, Licensee will furnish each purchaser of Licensed Products with
Licensee’s limited warranty (as may be amended from time to time) and with information as to the safe and proper operation and maintenance of the Licensed Products. Without limiting any obligations set forth in this Agreement, Licensee further
agrees that it shall act reasonably in processing any warranty claims for Licensed Products using the warranty procedures established by Licensor. 

8. STATEMENTS, PAYMENTS, RECORDS, TAXES. 

8.1 Royalty. In consideration of the rights granted hereunder, Licensee shall pay to Licensor fees as set forth on the applicable
License Schedule (“Royalty”). 
 8.2 Special Sales. Licensee shall not sell or distribute the Licensed Products without an
invoice and shall not solicit or accept other compensation attributable to the distribution of the Licensed Products separate from or in addition to the price which appears on the invoice. Licensee shall not sell the Licensed Products at discounts
except those normal and customary in the trade. 
 8.3 Monthly Sales Statements. Licensee shall keep separate written records of all
Licensed Products sold during the License Period of this Agreement. Upon Licensor’s written request and within fifteen (15) days following Licensor’s written request, Licensee shall furnish to Licensor complete and accurate written
statements identifying each Reseller, the number of Licensed Products sold itemized by product and retail location, gross sales prices, itemized deductions from gross sales prices (including any returns actually credited during such month) and Net
Sales of the Licensed Products, by month preceding the date of such report (“Monthly Sales Statement”). Licensee shall certify the statements as complete and correct. “Net Sales” shall mean the gross revenues received from sales
by Licensee of Licensed Products to Customers less normal deductions such as returns, discounts, allowances and uncollectible amounts. Licensed Products shall be considered sold when invoiced. No deduction shall be made for commissions, for sales
made on an approval, consignment or return basis, nor for any costs incurred in the manufacture, sale, distribution or exploitation of the Licensed Products. A Royalty shall not be owed to Licensor for promotional items given away for free provided
that the total value of such promotional items given away for free in any given calendar quarter shall not exceed an amount equal to one percent (1%) of the total Net Sales of that calendar quarter, without Licensor’s prior written approval.

 8.4 Time and Method of Payments. 

(a) The Royalty shall be calculated at the end of each calendar quarter, and 

  
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shall be paid to Licensor no later than thirty (30) days following the end of such calendar quarter. All amounts due and owing to Licensor but not paid by Licensee by the due date will bear
interest from the due date in U.S. Dollars at the rate of eight per cent (8%) per annum (calculated on a monthly basis), until such time that all of the outstanding amount and interest thereon is paid in full (“Default Interest”). In the
event Default Interest is assessed, Licensor may allocate payments, first, towards repayment of outstanding Default Interest, and thereafter, towards repayment of outstanding amounts due and owing. 

(b) Payments to be made by Licensee to Licensor under this Agreement shall be paid in U.S. dollars by (i) check made to the order of
Licensor, (ii) bank wire transfer in immediately available funds to such bank account in the United States designated in writing by Licensor from time to time, or (iii) offset against any outstanding amounts that Licensor owes to Licensee.
For the avoidance of doubt, Licensee retains all risk associated with the transfer of payments to Licensor until payments have been received by Licensor or its authorized representative. 

8.5 Records. Licensee shall keep true books of account containing an accurate record of all data necessary for the determination of
compliance with this Agreement, and maintain the same throughout the License Period and for two (2) years thereafter. 
 8.6
Inspection of Books and Records. Licensor and its duly authorized representatives shall have the right, but not the obligation, no more frequently than once per calendar quarter and upon five (5) days’ written notice, to examine and copy
all books and other records of the Licensee relating the Licensed Products and the subject matter of this Agreement during the License Period and for a period of two (2) years thereafter. Such examinations shall be limited to completed
quarterly books and records and shall be conducted during regular business hours at the Licensee’s offices by a certified public accountant selected by Licensor. If any audit discloses deficiencies, said amount shall, upon Licensee’s
receipt of an invoice by Licensor, be immediately paid to Licensor, and if any audit performed at Licensor’s expense discloses deficiencies of five percent (5%) or more of the total amount of Royalties paid to Licensor for the time period being
audited, Licensee shall reimburse Licensor for the actual, out-of-pocket costs of such audit. Further, if it is determined by any audit (or by other conclusive evidence)
that Licensee has sold any category(ies) of article(s) for which it does not have licensing rights hereunder, then Licensor shall, without waiving any other rights or remedies, be entitled to recover from Licensee one hundred percent (100%) of the
proceeds from the sale of such merchandise. 
 8.7 Taxes. Licensee shall bear all taxes, duties and other governmental charges
relating to or arising under this Agreement, including, without limitation, any provincial, local or federal income taxes (except withholding taxes on royalties imposed by applicable law or any taxes due on the net income of Licensor), any stamp or
documentary taxes or duties, turnover, sales or use taxes, value added taxes, excise taxes, customs or exchange control duties or any other charges relating to or on any Royalty payable by Licensee to Licensor. Licensee shall obtain, at its own cost
and expense, all licenses, bank approvals, and any other documentation necessary for the transmission of all payments relevant to Licensee’s performance under this Agreement. 

8.8 Periodic Adjustment. The rate of the royalty set forth in Section 8.1 of this Article shall be reviewed annually
by the parties no later than 45 days following the end of each year to ensure that it continues to reflect the arm’s-length value of the rights granted to Licensee under the terms of this Agreement. If
any change to the royalty rate is determined by the mutual agreement of the parties to be appropriate for this purpose, then an appropriate amendment to this Agreement shall be executed by the parties. 

9. TRADEMARKS AND INTELLECTUAL PROPERTY RIGHTS 

9.1 Ownership of Licensed Property. As between Licensor and Licensee, the Licensed Property (including all intellectual property rights
in all materials of any kind created by or on behalf of Licensee in connection with this Agreement) and the goodwill appurtenant thereto are the sole and exclusive property of Licensor. Licensee acknowledges that all uses of the Licensed Property
hereunder and all the 

  
 -8- 

 
goodwill attached or which shall become attached to the Licensed Property in connection with the manufacture, sale, distribution, promotion and advertising of the Licensed Products shall inure
solely to Licensor’s benefit. If Licensee acquires any rights in the Licensed Property, by operation of law or otherwise, Licensee hereby irrevocably assigns such rights to Licensor without further action by any of the parties. 

9.2 Protection of Licensed Property. Licensee shall cooperate with Licensor as requested by Licensor and do whatever is reasonable and
necessary for the protection of the Licensed Property. Licensee shall not do anything or authorize anyone to do anything which may adversely affect any rights of Licensor in the Licensed Property, or Licensor’s rights to the Licensed Marley
Property, or which may reduce or dilute the value or distinctiveness of the Licensed Property or disparage or detract from the reputation and prestige of the brand encapsulated by the Licensed Property. Licensee shall not seek to register any
trademark or other intellectual property right within the Licensed Property, or any name, mark or designation confusingly similar thereto for any products. 

9.3 Use of Licensed Property. Licensee shall use and display the Licensed Property solely in connection with the Licensed Products.
Licensee shall use and display the Licensed Property only in such form and manner as are specifically provided in this Agreement or approved by Licensor. 

9.4 Trademark Notices. Licensee shall ensure that all Licensed Products sold by Licensee and all related quotations, specifications and
descriptive literature, and all other materials carrying the Licensed Property, are marked with the appropriate trademark notices in accordance with Licensor’s instructions. 

9.5 Infringement. Licensee shall notify Licensor in writing promptly but in any event no later than (5) days, upon learning of any
suspected infringement, misappropriation, or other violation of the Licensed Property, including but not limited to imitation or counterfeiting of Licensed Products. Licensor thereupon shall at its sole discretion take such action as it deems
advisable for the protection of its rights in and to the Licensed Property. Licensee agrees not to contact any suspected infringer, not to make any demands or claims, not to institute any suit nor take any other action on account of such
infringements, misappropriations or other violations without first obtaining the prior express written consent of Licensor. Licensee shall provide reasonable assistance to Licensor in all respects, including, without limitation, by joining any one
or more lawsuits in connection therewith as a party and by causing their officers to execute pleadings and other related documents. The institution and conduct of litigation, the selection of attorneys and the settlement of litigation and claims
affecting the Licensed Property shall be entirely within the discretion of Licensor and under Licensor’s control. Unless otherwise agreed, all costs and expenses, including reasonable legal and investigative fees incurred in connection with any
such actions which are so undertaken, shall be borne entirely by Licensor, and Licensor shall be solely entitled to any monetary recovery obtained. Nothing herein shall be construed as imposing a duty or obligation upon Licensor to take any action
against any alleged infringer, nor to relieve Licensee from full compliance with any of the terms of this Agreement in the event that Licensor does not take any such action or is unsuccessful in its action against any alleged infringer. 

9.6 Future Changes. From time to time, Licensor may modify, update, or change the Licensed Property and/or Licensed Product, including
but not limited to changes to the spelling, designs, fonts, logos, or colors of the Licensed Property or changes in the recipes or formulations of the Licensed Product. The Licensed Rights shall extend to all such modifications, updates, or changes.

 9.7 If Licensee wishes to independently develop its own formulation and/or recipes (collectively, the “Licensee Development”)
for the Licensed Product and wishes to use any of the Licensee Development on or in connection with the Licensed Property, Licensee must first obtain prior, written consent of the Licensor. Licensee Development shall remain the sole and exclusive
property of the Licensee so long as the Licensee Development is not identical with, clearly derived from, or based on, or that includes any of the Licensor’s intellectual property rights in the Licensed Property. 

  
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 10. TERM AND TERMINATION 

10.1 License Period. The License Period shall commence as of the date set forth on the License Schedule, and shall continue until the
date or for the period of time set forth on License Schedule, unless extended or terminated earlier as provided herein or by operation of law. 

10.2 Termination for Cause. Upon the occurrence of any of the following defaults, then, in addition to and without prejudice to any
rights which it may have at law, Licensor shall have the right to terminate this Agreement immediately upon written notice to Licensee: 

(a) Licensee files or has filed against it a petition in bankruptcy, reorganization or for the adoption of an arrangement under
any present or future bankruptcy, reorganization or similar law, makes an assignment for the benefit of its creditors or is adjudicated bankrupt, or a receiver, trustee, liquidator or sequestrator of all or substantially all of Licensee’s
assets is appointed, or any secured creditor of Licensee exercises or purports to exercise any right or remedy as a secured creditor with respect to any collateral consisting, in whole or in part, of this Agreement, or the rights granted to Licensee
hereunder; 
 (b) Licensee is more than thirty (30) days late in making any undisputed Royalty payments required by
Section 8.4 on two (2) or more occasions during the License Period; 
 (c) Licensee fails to obtain or maintain
product liability insurance in the amount of the type provided for in Section 13 herein; 
 (d) if on more than two
(2) occasions Licensor finds that Licensee or a Manufacturer is not in material compliance with this Agreement after an Inspection pursuant to Section 6.2; 

(e) Licensee becomes subject to any voluntary or involuntary order by a government or governmental agency, regulatory body,
court, or the like, ordering the withdrawal, discontinuance, removal or recall of any Licensed Product; 
 (f) Licensee
becomes subject to any voluntary or involuntary order by a government or governmental agency, regulatory body, court, or the like, ordering the withdrawal, discontinuance, removal or recall of any competitive product manufactured or distributed by
Licensee, which results in a disparaging effect on Licensor, its business, or its affiliates; 
 (g) Licensee materially
violates any applicable law or regulation necessary for the operation of its business, including without limitation, health and safety laws, licensing requirements, zoning laws, and employment and labor laws, or if any assets of the Licensor or
Licensee are seized or appropriated by any government or governmental authority, provided that a de minimis violation made during a good faith effort to comply shall not be deemed a material breach of this Agreement for which Licensor is
entitled to terminate; 
 (h) Licensee or its principal(s) is subject to a bona fide allegation that Licensee or such
principal has engaged in any activity that has a disparaging effect on Licensor, its business, or its affiliates, including but not limited to any fraud, financial wrongdoing, or immoral or unethical business practices; 

(i) Licensee breaches a covenant set forth in Section 1.4; 

(j) Licensor becomes subject to a determination by a government or governmental agency, regulatory body, court, or other
equivalent governing body, that Licensor is required to obtain an approval, license or certification from such agency, body or court in order for 

  
 -10- 

 
Licensee to fulfill its obligations or to continue selling Licensed Products in the Licensed Territory under this Agreement, and such approval, license or certification is impossible or
impracticable; 
 (k) There is a change in control of the Licensee. Change of control shall mean a substitution or
replacement of the Licensee’s regulating or governing body, including but not limited to the sale of substantially all assets, a transfer of more than fifty (50) percent of voting stock, a change in a majority of the Licensee’s board
members, or a change in the power to direct or cause the direction of the management and policies of the Licensee, whether by contract or through otherwise direct or indirect ownership. 

10.3 Other Termination Rights. In the event of an alleged breach by either party of any of the terms of this Agreement not covered by
Section 10.2 hereof, the party suffering such breach shall give written notice to the other party, specifying the type and circumstances pertaining to such breach in form sufficient to enable opportunity for correction thereof by the party
allegedly in breach. If such breach shall not have been remedied to the satisfaction of the non-breaching party (in its sole discretion) during a thirty (30) day period immediately following the receipt
of such notice, the party giving said notice shall have the right to terminate this Agreement. In the event that the breach is remedied within such thirty (30) day period to the satisfaction of the
non-breaching party (in its sole discretion), this Agreement shall continue in full force and effect the same as if no notice had been given. Waiver by any party of its right to terminate because of any one
breach shall not constitute a waiver of any subsequent breach of the same or of a different nature. 
 10.4 Effect of Termination.
Upon any expiration or termination of this Agreement all rights granted to Licensee hereunder shall cease and terminate and all accrued payments to Licensor shall be paid to Licensor within thirty (30) days of such expiration or termination. No
termination of this Agreement by expiration or otherwise shall relieve or release any party from any of its obligations hereunder with respect to payments due under this Agreement. 

10.5 Inventory. Licensee shall furnish to Licensor, not less than twenty-one (21) days
before the expiration of the License Period and not more than fifteen (15) business days after receipt of a notice of termination, termination by operation of Law or the automatic termination of this Agreement, a statement certified by an
authorized representative of Licensee showing the number and description of the Licensed Products and/or Advertising and Promotion materials on-hand held for Licensee’s inventory or in process of
manufacture (collectively, “Inventory”), specifying the quantity, type, class, category, SKU number and condition of all items of the Inventory. Except as Licensor may otherwise agree, all cancelable orders for the production of Licensed
Products shall promptly be canceled. 
 10.6 Licensor’s Option. Licensor (or its designee) shall have the option (but not the
obligation), exercisable by written notice delivered to Licensee within thirty (30) days after its receipt of the Inventory Exhibit, to purchase any or all of the Inventory for an amount equal to the cost of the Inventory. In the event Licensor
notifies Licensee that it is exercising its purchase option, Licensee shall deliver to Licensor or its designee all of the Inventory referred to in Licensor’s notice within fifteen (15) days after receipt of such notice, subsequent to
receipt of all regulatory approvals required to undertake such delivery. Licensor shall pay Licensee for such Inventory as is in marketable, first quality condition within thirty (30) days after its receipt thereof, after deduction from the
purchase price all amounts owed by Licensee hereunder. 
 10.7 Sell-off Period. In the event
Licensor does not exercise its purchase option or purchases less than all of the Inventory, and if the License expires or is terminated by Licensor other than under Section 10.2 of this Agreement, Licensee (but no other person or entity) shall
have the right to sell the remaining Licensed Products within the Licensed Territory for a period of three (3) months immediately following expiration of the License Period (“Sell-off Period”)
provided that: (a) the provisions of this Agreement, including those concerning the calculation and payment of Royalties, shall remain in force and effect during the Sell-off Period; (b) Licensee
shall have no exclusive rights during the Sell-off Period; and (a) within thirty (30) days from the expiration of the Sell-off Period, Licensee shall furnish to
Licensor a 

  
 -11- 

 
statement showing the quantity, type, class, category, SKU number and condition of Licensed Article(s) and/or Advertising and Promotion materials then on hand or held for Licensee’s
inventory (“Final Inventory”). Licensee’s right of sell-off shall itself terminate automatically if Licensee breaches any term, condition, obligation, representation or warranty herein during
the Sell-off Period. After the expiration of the Sell-off Period, Licensee shall destroy all Licensed Products and and/or Advertising and Promotion materials remaining
in Licensee’s possession which are identified in any manner by or with the Licensed Property, and shall submit a statement certified by an authorized representative of Licensee attesting to and detailing the destruction of such Licensed
Products. 
 10.8 Injunction. Licensee acknowledges that the Licensed Property possesses a special, unique, and extraordinary value
which makes difficult the assessment of monetary damages that would be sustained by Licensor from the unauthorized use of the Licensed Property, and that irreparable injury would be caused by such use. Licensee further acknowledges that it would be
difficult to fully compensate Licensor for damages for any violation by Licensee of the provisions of this Agreement relating to the protection of, or the use of the Licensed Property and/or other intellectual property of Licensor. Accordingly,
Licensee specifically agrees that Licensor shall be entitled to temporary and permanent injunctive relief to enforce said provisions. 
 11.
INDEMNIFICATION 
 11.1 By Licensee. Licensee shall defend, indemnify and hold harmless Licensor and its affiliates, directors,
officers, shareholders, employees, representatives and agents from and against any and all claims, judgments, liabilities, damages, penalties, losses or expenses (including, without limitation, amounts paid in settlement, attorney’s fees, court
costs and other legal expenses) of any kind whatsoever actually or allegedly arising out of or resulting in any way from or in connection with (a) the Licensed Products, Advertising and Promotion; (b) any act or omission of Licensee, its
affiliates, directors, officers, shareholders, employees, representatives and/or agents of any of the foregoing relating to such entities’ use or misuse of the Licensed Property; (c) Licensee’s unauthorized or unlicensed use of third
party materials and/or third party intellectual property rights in conjunction with the Licensed Products; and (d) the breach of any of Licensee’s representations, warranties and agreements set forth herein. 

11.2 By Licensor. Licensor shall defend, indemnify and hold harmless Licensee and its affiliates, directors, officers, shareholders,
employees, representatives and agents from and against any and all claims, judgments, liabilities, damages, penalties, losses or expenses (including, without limitation, amounts paid in settlement, attorney’s fees, court costs and other legal
expenses) arising out of or relating solely to a third-party claim that the use by Licensee of the Licensed Property in strict accordance with the terms of this Agreement violates the rights of such third party. 

11.3 Claims Procedures. As to any claims falling within the scope of the foregoing indemnifications: (a) each party agrees
promptly to notify the other of and keep the other fully advised with respect to such claims and the progress of any suits in which the other party is not participating; (b) each party will have the right to assume, at its sole expense, the
defense of a claim or suit made or filed against the other party; (c) each party will have the right to participate, at its sole expense, in any suit instituted against it and to approve any attorneys selected by the other party to defend it,
which approval will not be unreasonably withheld or delayed; and (d) a party assuming the defense of a claim or suit against the other party will not settle such claim or suit without the prior written approval of the other party, which such
approval will not be unreasonably withheld or delayed. 
 12. REPRESENTATIONS AND WARRANTIES 

12.1 By Licensor. Licensor represents and warrants to Licensee that it has the full right, power and authority to grant the rights
herein granted to Licensee, including the right to license the Licensed Property in the Licensed Territory. Except as expressly set forth herein, Licensor makes no 

  
 -12- 

 
representations or warranties as to the Licensed Property. 
 12.2 By Licensee.
Licensee represents and warrants to Licensor that: 
 (a) it has obtained, or will obtain prior to conducting any activities
in the Licensed Territory, all approvals, licenses and certifications necessary to perform its activities hereunder, and will maintain same in good standing during the entirety of the License Period; 

(b) it has adequate resources and personnel to sell, distribute and promote the Licensed Products within the Licensed
Territory, and all such personnel have obtained and will maintain all occupational licenses and certification necessary to perform such duties; 

(c) it shall exercise commercially reasonable efforts to manufacture sufficient quantities of the Licensed Products to fill
orders and to meet the market demand in the Licensed Territory; 
 (d) it shall at all times comply with all applicable laws,
rules and regulations, including those regarding the manufacturing, importation, packaging, promotion and sale of Licensed Products, provided that a de minimis violation made during a good faith effort to comply shall not be deemed a material
breach of this Agreement for which Licensor is entitled to terminate; 
 (e) it is not aware of any violations of Applicable
Law by Licensee or any Manufacturer which in any way relate to the manufacturing of the Licensed Products; 
 (f) all
Licensed Products will be manufactured, stored, packaged, handled and shipped in a sanitary manner and in accordance with the product specifications and Applicable Law; 

(g) the manufacture of the Licensed Products by Licensee and/or Manufacturer does not violate, infringe upon or misappropriate
the patent rights and/or any other intellectual property rights of any third party; 
 (h) it shall not use the Licensed
Property except as specifically permitted under this Agreement; 
 (i) it will advertise and promote the Licensed Products in
accordance with the applicable Brand Guidelines; 
 (j) it and its principals will conduct its business and affairs in a
professional and workmanlike manner; and 
 (k) it is authorized to enter into this Agreement and to exploit the rights
herein granted hereunder and is under no disability, restriction or prohibition from entering into or performing its obligations under this Agreement. 

12.3 Standards of Manufacturing Practices. License certifies that the manufacturing of the Licensed Products will conform to the
following standards (“Standards of Manufacturing Practices”): 
 (a) Forced Labor. Licensee certifies that
it does not use any forced labor – prison, indentured, bonded or otherwise. 
 (b) Child Labor. Licensee
certifies that no person shall be employed in 

  
 -13- 

 
any factory at an age younger than 15 (or 14 where the law of the country of manufacture allows) or younger than the age for completing compulsory education in the country of manufacture where
such age is higher than 15. 
 (c) Harassment or Abuse. Licensee certifies that it has established policies requiring
every employee shall be treated with respect and dignity, and prohibiting any physical, sexual, psychological or verbal harassment or abuse of employees. 

(d) Nondiscrimination. Licensee certifies that it has established policies against discrimination in employment,
including hiring, salary, benefits, advancement, discipline, termination or retirement, on the basis of race, religion, gender, age, disability, sexual orientation, nationality, political opinion, social or ethnic origin, or any other characteristic
that is protected by applicable law. 
 (e) Health and Safety. Licensee certifies that workers will be provided a safe
and healthy working environment designed to prevent accidents and injury to health arising out of, linked with, or occurring in the course of work or as a result of the operation of contractors’ facilities. 

(f) Freedom of Association and Collective Bargaining. Licensee certifies that, as applicable, employees’ rights to
freedom of association and collective bargaining will be recognized and respected. 
 (g) Wages and Benefits. Licensee
certifies that it complies with all applicable wage and hour laws and regulations, and that employees will be paid at least the minimum wage required by local law, or the prevailing industry wage, whichever is greater. 

(h) Hours of Work/Overtime. Licensee certifies that it complies with applicable regulations concerning work hours
mandated by local laws and uses overtime only when employees are compensated according to local law. Licensee further certifies that it will not allow employees to exceed the maximum number of overtime hours provided by local laws. 

(i) Benefits. Licensee certifies that it complies with all applicable provisions for legally-mandated benefits,
including but not limited to heath care; child care; sick leave; contributions for social security; life, health, worker’s compensation and other insurance mandated by local law. 

(j) Environment. Licensee certifies that it complies with all applicable local, regional, provincial, and country
environmental regulations. 
 (k) Documentation and Inspection. Licensee agrees to: (i) certify to Licensor in
writing, as requested by Licensor, that each of the above-listed standards is being met; (ii) maintain on file such documentation as may be needed to demonstrate compliance with the Standards of Manufacturing Practices; (iii) make these
documents available in the English language to Licensor for inspection upon request; and (iv) provide employees with the opportunity to report noncompliance with the Standards of Manufacturing Practices, free from punishment or prejudice for so
doing. 
 13. INSURANCE. Licensee shall obtain and maintain in full force and effect during the License Period and for a period of not less
than two (2) years thereafter, at its sole cost and expense, the following insurance: (a) comprehensive general liability insurance (including, without limitation, coverage for bodily injury, personal injury, property damage, and casualty
loss) in an amount not less than Five Million Dollars (US $5,000,000) per occurrence or per claim; (b) product liability insurance providing full indemnification and defense against any claims, liabilities, damages, demands and

  
 -14- 

 
causes of action, actual or alleged, arising out of any defects in or use or misuse of the Licensed Products in an amount not less than Two Million Dollars (US $2,000,000) per occurrence or per
claim; and (c) workers’ compensation and employers’ liability insurance, where applicable, in accordance with local law. Said insurance coverage shall be primary and non-contributing with
respect to any other insurance or self-insurance which may be maintained by Licensor, and shall name Licensor, and its officers, directors, employees, representatives, attorneys and agents as additional insureds. Licensee will provide evidence of
such insurance to Licensor, including certificates of insurance and a copy of all current applicable insurance policies, before commercial sale of the Licensed Products as provided hereunder. Licensee or its insurance carrier shall provide Licensor
with certificates of insurance and a copy of all insurance policies upon each policy renewal, rewriting or change. Licensee or its insurance carrier shall further provide written notice to Licensor at least thirty (30) days prior to any
insurance policy cancellation, lapse or termination for any reason whatsoever. 
 14. LIMITATION OF LIABILITY. EXCEPT FOR LIABILITY FOR
INDEMNIFICATION, LIABILITY FOR BREACH OF CONFIDENTIALITY, OR LIABILITY FOR INFRINGEMENT OR MISAPPROPRIATION OF INTELLECTUAL PROPERTY RIGHTS, IN NO EVENT SHALL LICENSOR OR ITS REPRESENTATIVES BE LIABLE FOR CONSEQUENTIAL, INDIRECT, INCIDENTAL,
SPECIAL, EXEMPLARY, PUNITIVE OR ENHANCED DAMAGES, LOST PROFITS OR REVENUES OR DIMINUTION IN VALUE, ARISING OUT OF OR RELATING TO ANY BREACH OF THIS AGREEMENT, REGARDLESS OF (A) WHETHER SUCH DAMAGES WERE FORESEEABLE, (B) WHETHER OR NOT
LICENSEE WAS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND (C) THE LEGAL OR EQUITABLE THEORY (CONTRACT, TORT OR OTHERWISE) UPON WHICH THE CLAIM IS BASED, AND NOTWITHSTANDING THE FAILURE OF ANY AGREED OR OTHER REMEDY OF ITS ESSENTIAL PURPOSE.

 15. CONFIDENTIALITY 
 15.1
For the purposes of this Agreement, the term “Confidential Information” shall mean any and all proprietary information, financial information, technical data, trade secrets and know- how, including, without limitation, research, product
plans, products, services, Customers, customer lists, potential licensees, suppliers, retailers, supplier/subcontractors, markets, developments, inventions, processes, formulas, technology, designs, drawings, manufacturing information, marketing,
finances and other business information, which is obtained, received, developed or derived by any party hereto, either directly or indirectly, by any means of communication or expression, whether or not marked “proprietary” or
“confidential,” prior to or during the License Period. For the avoidance of doubt, Confidential Information shall also include any and all recipes and formulations of the Licensed Products as well as modifications, updates, and changes
therefrom. Confidential Information shall also include the terms and conditions of this Agreement, to the extent not publicly disclosed. As used in this Agreement, the term Confidential Information shall not include information that the receiving
party is able to demonstrate by clear evidence: (a) was in the possession of or known by the receiving party before its receipt from the disclosing party, without an obligation to maintain its confidentiality, as evidenced by existing
documentation prior to receipt from the disclosing party; (b) is or becomes generally known to the public without violation of this Agreement; (c) is obtained by the receiving party from a third party, without an obligation to maintain its
confidentiality; or (d) is independently developed by the receiving party without use of the disclosing party’s information. 

15.2 Each party acknowledges that it may have access to the other party’s Confidential Information, whose value may be impaired by misuse
or by disclosure to third parties. The receiving party agrees that it will not disclose such Confidential Information to third parties, or use such Confidential Information except to perform its obligations under this Agreement. The receiving party
shall not disclose or permit access to Confidential Information other than to its employees, officers, attorneys, and affiliates (collectively, “Representatives”) who: (1) need to know such

  
 -15- 

 
Confidential Information for the purposes of performing its obligations under this Agreement; (b) know of the existence and terms of this Agreement; and (c) are bound by confidentiality
obligations no less protective of the Confidential Information than the terms contained herein. The receiving party shall safeguard the Confidential Information from unauthorized use, access, or disclosure using at least the degree of care it uses
to protect its most sensitive information and no less than a reasonable degree of care. The receiving party shall promptly notify the disclosing party of any unauthorized use, access, or disclosure of the Confidential Information and shall take its
best effort and cooperate with the disclosing party to prevent further use or disclosure. The receiving party will be responsible for any breach of this Agreement caused by its Representatives. Following the expiration or termination of this
Agreement, no party shall disclose or use any of the other party’s Confidential Information for any purpose, unless otherwise agreed in writing by the disclosing party. 

15.3 All Confidential Information will remain the property of the disclosing party and shall be either returned or destroyed upon the written
request of the disclosing party. The confidentiality of Confidential Information and the obligation of confidentiality hereunder shall survive any expiration or termination of this Agreement until such time as the information in question ceases to
be confidential. 
 16. MISCELLANEOUS 

16.1 No Partnership. Nothing contained in this Agreement shall create or be deemed to create any agency, fiduciary, partnership,
franchise, or joint venture relation between Licensor and Licensee. No party hereto shall have the power to obligate or bind the other party in any manner whatsoever. 

16.2 Governing Law and Forum. This Agreement, and any disputes arising from it, shall be construed according to the laws of the State
of Washington. The parties agree to accept the exclusive jurisdiction and venue of the state and federal courts located in King County, Washington for the adjudication of any dispute arising in connection with or related to this Agreement or the
interpretation of this Agreement. The parties further agree that neither shall argue that federal law renders this Agreement or any portion of it unenforceable or void by operation of federal law. 

16.3 Survival. The terms of Sections 1.4 (Covenants), 7.3 (Complaints), 7.4 (Recalls), 8 (Statements, Payments, Records, Taxes), 9.1
(Ownership of Licensed Property), 9.2 (Protection of Licensed Property), 9.5 (Infringement), 10.4 (Effect of Termination), 10.5 (Inventory), 10.6 (Licensor’s Option), 10.7 (Sell-Off Period), 10.8
(Injunction), 11 (Indemnification), 12 (Representations and Warranties), 13 (Insurance), 14 (Limitation of Liability), 15 (Confidentiality), and 16 (Miscellaneous), and any rights, obligations, or required performance of the parties in this
Agreement, which, by its express term or nature and context is intended to survive termination, cancellation, or expiration of this Agreement, will survive any such termination, cancellation, or expiration. 

16.4 Severability. If any provision of this Agreement is held illegal or unenforceable in a judicial proceeding, such provision shall
be modified to the minimum extent necessary to make it enforceable, unless that modification is not permitted by law, in which case that provision will be disregarded, but only to the extent necessary; provided that the rest of the agreement will
remain in effect as written. 
 16.5 Waiver. Failure of either party to insist, in one or more instances, on performance by the other
in strict accordance with the terms and conditions of this Agreement shall not be deemed a waiver or relinquishment of any right granted in this Agreement or of the future performance of any such term or condition or of any other term or condition
of this Agreement, unless such waiver is contained in a writing signed by the party making the waiver. 

  
 -16- 

 16.6 Assignment. Licensee may not assign, delegate, sublicense, or otherwise transfer any
of its rights or obligations hereunder, whether through a merger, acquisition, or otherwise, except with the prior written consent of Licensor, which shall not be unreasonably withheld. Licensor may assign its rights and obligations under this
Agreement to any person or entity upon prior written notice to Licensee. Subject to the restraints on assignment set forth above, this Agreement shall be binding upon and shall inure to the benefit of all successors and assigns of the parties. 

16.7 No Third-Party Beneficiaries. This Agreement is for the sole benefit of the Parties hereto and their respective successors and
permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other person any legal or equitable right, benefit or remedy of any nature whatsoever, under or by reason of this Agreement. 

16.8 Entire Agreement. This Agreement, including the License Schedule, constitutes the entire agreement between Licensor and Licensee
concerning the subject matter hereof and supersedes all prior and contemporaneous agreements between the parties. The provisions of this Agreement may only be amended by a subsequent instrument in writing clearly purporting to effect such amendment
and signed by both Parties. 
 16.9 Notices. All notices, requests, demands and other communications required or permitted to be made
hereunder shall be in writing and shall be deemed duly given if hand delivered against a signed receipt therefor, sent by registered or certified mail, return receipt requested, first class postage prepaid, sent by nationally recognized overnight
delivery service, or sent by email, receipt of which has been confirmed by the recipient, in each case addressed to the party entitled to receive the same at the address specified below: 

(a) If to Licensee: 
 High Park
Cannabis 
 Corp. 517 Wellington 

St. W. Toronto, ON 
 M5V 1G1
Canada 
 Email: legal@tilray.ca 

(b) If to Licensor: 

Docklight, LLC 
 1920 Eastlake

 Ave E 
 Seattle,
Washington, United States 
 98102 Attn: Legal Department 

Email: ip@docklightbrands.com 

Either party hereto may alter the address to which communications are to be sent by giving notice of such change of address in conformity with
the provisions of this Section 16.8. Notice shall be deemed to be effective, if personally delivered, when delivered; if mailed, at midnight on the third business day after being sent by registered or certified mail; if sent by nationally
recognized overnight delivery service, on the next business day following delivery to such delivery service; or on the same day if sent by email, receipt of which has been confirmed by the recipient. 

16.10 Section Headings. The headings herein are for convenience of reference only, do not constitute a part of this Agreement, and
shall not be deemed to limit or affect any of the provisions hereof. 

  
 -17- 

 16.11 Dispute Resolution. The parties covenant and agree to use their diligent efforts to
resolve any disputes that arise between them in the future and are related to this Agreement through negotiation and mutual agreement. Notwithstanding the foregoing, the parties acknowledge and agree that each of them shall have the right to seek
immediate injunctive and other equitable relief through the courts in the event of any material breach of this Agreement by the other party that would cause the non-breaching party irreparable injury for which
there would be no adequate remedy at law. The prevailing party in any action arising hereunder shall be entitled to recover from the non-prevailing party its reasonable costs and expenses, including
attorneys’ fees and costs incurred in connection with such action or proceeding. 
 16.12 Publicity. Licensee shall not use the
name of Licensor in any publicity or advertising and shall not issue a press release or otherwise publicize or disclose any information related to this Agreement or the terms or conditions hereof, without the prior written consent of Licensor. 

16.13 Counterparts. This Agreement may be executed in counterparts, each of which will be deemed an original, but all of which together
shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, electronic mail, or other means of electronic transmission will be deemed to have the same legal effect as delivery of an original signed copy
of this Agreement. 
 16.14 Construction. Each party has carefully reviewed this Agreement, understands its terms, sought legal
advice with respect to this Agreement, and has relied wholly on its own judgment and knowledge and has not been influenced to any extent whatsoever in making this Agreement by any representations or statements made by any other party or anyone
acting on behalf of any other party. Any rules of construction construing an agreement against the drafting party shall not apply to the construction of this Agreement. The License Schedule referred to herein shall be construed with, and as an
integral part of, this Agreement to the same extent as if it were set forth verbatim herein. 
 16.15 Complete Understanding. This
Agreement contains the full and complete understanding of the parties and replaces any prior understanding or arrangement between the Parties, whether oral or written. 

<nothing follows> 

  
 -18- 

 LICENSE SCHEDULE 

LICENSED PROPERTY: 
  

											
	Wordmark: MARLEY NATURAL
 Design
Marks:
	  	Wordmark: GOODSHIP

Design Marks:
	  	Wordmark: DUTCHY

Design Marks:

	 	 	 	 	 	 
	1  	  	 

	  	1  	  	 

	  	1  	  	 

	 	 	 	 	 	 
	2  	  	 

	  	2  	  	 

	  	2  	  	 

	 	 	 	 	 	 
	3  	  	 

	  	3  	  	 

	  	3  	  	 

	 	 	 	 
	4  	  	 

  
	  	Wordmark: IRISA

Design Marks:
	  	Wordmark: HEADLIGHT

Design Marks:

	 	 	 	 	 	 
	5  	  	

	  	1  	  	 

	  	1  	  	 

	 	 	 	 	 	 
	6  	  	 

	  	2  	  	 

	  	2  	  	 

	 	 	 
	Wordmark: GRAIL

Design Marks:
	  	Wordmark: FINAL FRONTIER

Design Marks:
	  	Wordmark: WALLOPS

Design Marks:

	 	 	 	 	 	 
	1  	  	 

	  	1  	  	 

	  	1  	  	 

  
 -19- 

											
	 	 	 	 	 	 
	 	  	 	  	2  	  	 

	  	2  	  	 

  

	 	 	 	 	 
	 	  	 	  	
Wordmark: FREQUENT FLYER
Design Marks:
	  	3  	  	 

  

	 	 	 	 	 	 
	 	  	 	  	1  	  	FREQUENT FLYER DESIGN MARKS TBD	  	4  	  	 

  

 LICENSED PRODUCTS: Cannabis flower, cannabis extract in any form, any ingestible or inhalable product containing cannabis
extract, any product used in association with cannabis in any form, or any other cannabis derived products qualified for sale or consumption in the Territory under Applicable Law. 

LICENSE PERIOD: Five (5) years commencing on the date set forth below. The term shall automatically renew for successive five-years period unless
terminated by either Party upon six (6) months written notice to the other Party or in accordance with this Section 10. 
 LICENSED TERRITORY:
Adult use market in Canada. 
 ROYALTY: Licensee will remit to Licensor a fee as set forth below, due and payable quarterly in arrears according to the
provisions set forth in Section 8.4 of the Agreement. 
  

			
	 MARK
	  	 ROYALTY

	Marley Natural	  	7.5% of Licensed Product Net Sales
	Goodship	  	7.5% of Licensed Product Net Sales
	Dutchy	  	2.5% of Licensed Product Net Sales
	Headlight	  	2.5% of Licensed Product Net Sales
	Irisa	  	2.5% of Licensed Product Net Sales
	Grail	  	2.5% of Licensed Product Net Sales
	Final Frontier	  	2.5% of Licensed Product Net Sales
	Wallops	  	2.5% of Licensed Product Net Sales
	Frequent Flyer	  	2.5% of Licensed Product Net Sales

  
 -20- 

 By signing below, I agree to observe and be bound by the Trademark License Terms and Conditions. 

LICENSEE:  High Park Cannabis
Corp                                     

By:  /s/ Brendan
Kennedy                    Date: February 13, 2018 

Name: Brendan Kennedy 
 Title: President 

Email: legal@tilray.ca 
 Address for Notice: 517 Wellington St.
W. 
 Toronto, ON M5V 1G1 

Acknowledged and agreed on behalf of DOCKLIGHT, LLC: 

By:  /s/ Brendan
Kennedy                     
 Name: Brendan Kennedy

 Title: President 

  
 -21-

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