Document:

Right of First Refusal to Purchase Common
Stock

 

AGREEMENT made this 15th day of January,
2016 with an effective date of January 4, 2016 (the “Effective Date”), by and between Steven L. Sample (“Mr.
Sample” or “Seller”), and Richard K. Pertile (“Mr. Pertile” or “Optionee”)
individuals residing in the State of Florida (each a “Party” and collectively the "Parties").

WHEREAS, Mr. Sample is the owner of certain
Common stock representing shares of Acacia Diversified holdings, Inc. (“Acacia”) (the “Sample Acacia
Shares”) which are fully paid and non-assessable under Rule 144 and free of any liens or encumbrances; and

WHEREAS, the Parties hereto are also Parties
to that certain Asset Purchase Agreement (the “APA”) of even date herewith by and between Acacia and the MariJ
Group of Companies (“MariJ”); and,

WHEREAS the Parties hereto desire to promote
their mutual interests in the ratification and execution of the APA, a portion of the terms of which call for Mr. Sample to grant
to Mr. Pertile that certain Right of First Refusal (the “Option”) to acquire Two Million Five-Hundred Thousand
(2,500,000) of the Sample Acacia Shares (the “Option Shares”) under certain terms and conditions.

NOW THEREFORE, in consideration of the
mutual promises contained herein and other good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged,
it is hereby agreed as follows:

1.                 
Right of First Refusal. Seller hereby offers to sell to Optionee the Option Shares
or any portion thereof (the “Offered Option Shares”) under the terms and conditions set forth herein and in
conjunction with the terms and conditions set forth in Section 2(d)(ii) and Section 2(d)(iii) of the APA to which this Agreement
is made a part as Exhibit H (the “Offer”). Except as herein provided, Seller shall not sell, dispose of, or
otherwise grant any interest in and to the Option Shares or any portion thereof prior to May 5, 2019 except upon the prior written
consent of Optionee, or in the absence of such written consent, as pursuant to the provisions hereinafter set forth.

2.                 
Period of the Offer. Pursuant to the terms of the APA, this Offer shall be considered
to be extended only during the period of April 4, 2019 through and including May 4, 2019 (the “Period”). If
Optionee shall not accept the Offer in writing to Seller during that period, or if all terms and conditions of the Offer are not
fulfilled, this Option shall thereafter become null and void and of no force or effect. 

3.                 
Notices. Notices from one Party to another relating to this Agreement shall be deemed
effective if made in writing and delivered to the recipient's address or facsimile number set forth below by any of the following
means: 

(i) hand delivery;

(ii) registered
or certified mail, postage prepaid, with return receipt requested;

(iii) FedEx
or like overnight courier service with delivery confirmation; or,

(iv) facsimile
or other wire transmission with request for assurance of receipt in a manner typical with respect to communications of that type.

Notice made in
accordance with this Section shall be deemed delivered on receipt if delivered by hand or wire transmission, upon receipt of return
receipt if mailed by registered or certified mail,

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or the next
business day after deposit with an overnight courier service if delivered for next day delivery. The Parties agree that electronic
mail shall not constitute a permitted form of notice under this Section.

		(i)	If to Mr. Pertile, addressed to:

	Richard K. Pertile
	
        2810 Phillippe Parkway

        Safety Harbor, FL 34695

         

        With a copy to:

         

        Howard P. Ross, Esq. B.C.S.

        Florida Bar Certified in Business Litigation and Civil Trial

        Battaglia, Ross, Dicus & McQuaid, P.A.

        5858 Central Avenue

        St. Petersburg, FL 33707

         

		(ii)	If to the Mr. Sample, addressed to:

Steven L. Sample

2806 SE 29th
Street

Ocala, FL 34471

Any Party may,
from time to time, by written notice to the other Party, designate a different address, which shall be substituted for the one
specified above for such Party.

4.                 
Exclusive Offer. Mr. Sample shall not sell or otherwise
dispose of, other than to Optionee, the Offered Option Shares prior to May 5, 2019 except in the event that:

	Optionee shall provide written notice to Mr. Sample that the Offer has been declined;
or
	Optionee shall not complete the purchase of all or part of the Offered Option Shares
during the Period, at which time Mr. Sample shall be permitted, at any time or times after the Period, to sell the remaining Offered
Option Shares to such person or persons and on such terms as he shall see fit; provided, however, that no such sale shall be made
at a lower price than that offered to Optionee.

5. Consideration. Optionee shall pay to Seller the
sum of $0.001 per share for each Option Share purchased, being par value of the Offered Option Shares, payable in U.S. currency
at the time of acceptance of the Offer.

6. Proxy, Certificate(s) Representing Option Shares, Stock
Pledge, Stock Power. At Closing of the APA, Mr. Sample shall deliver for the holding in trust by attorney of Optionee or MariJ
(the “Optionee Trust Attorney”):

a. Certificate(s) of Acacia Common stock representing
the Offered Option Shares;

b. A Stock Pledge duly executed by Mr. Sample for use
by Mr. Pertile in the event of his acceptance and fulfillment of the Offer

c. A Stock Power duly executed by Mr. Sample providing
Mr. Pertile with the authority to transfer and convey the Offered Option Shares to himself upon his authorized and proper acceptance
of the Offer during the Period.

2

 

 

d. A voting proxy executed by Mr. Sample authorizing
Optionee to vote the Offered Option Shares.

In the event Optionee shall (i) decline the Offer in writing;
or, (ii) fail to fulfill its obligations relating to acceptance of the Offer during the Period, then all of the items in this Section
6(a), (b), (c), and (d) provided at Closing to the Optionee Trust Attorney shall promptly be returned without further demand or
notice to Mr. Sample in the original state as when presented at Closing.

In witness whereof the parties have caused this Agreement
to be duly executed on the date first above written.

 

Steven L. Sample, Seller

____/s/ Steven L. Sample_____________

 

 

Richard K. Pertile, Optionee

 

 

____/s/ Richard K. Pertile_____________STOCK POWER

 

 

FOR VALUE RECEIVED, the undersigned
hereby sells, assigns and transfers to Richard K. Pertile, pursuant to the terms and conditions of that certain Right of First
Refusal to Purchase Common Stock by and between Steven L. Sample and Richard K. Pertile and that certain Asset Purchase Agreement
(the “APA”) by and between the MariJ Group and Acacia Diversified Holdings, Inc. a Texas corporation (“Acacia”
or the “Corporation”), up to and including 2,500,000 shares of Common stock of Acacia, standing in the name of the
undersigned on the books of the Corporation and represented by Certificate Numbers CS1-511, CS1-512, and CS1-525 representing 1,000,000
shares, 1,000,000 shares, and 500,000 shares, respectively. The undersigned hereby irrevocably constitutes and appoints Richard
K. Pertile as its true and lawful attorney-in-fact in accordance with the Right of First Refusal to Purchase Common Stock and the
APA, with full power of substitution in the premises, to transfer this stock on the books of the Corporation as authorized during
the period of April 4, 2019 and May 4, 2019 (the “Period”).

 

 

	Dated: January 15, 2016	Steven L. Sample

An Individual residing
in Florida

	 	 
	 	By: 
	 	/s/ Steven L. Sample
	 	Steven L. Sample

  

 

 

Signed in the presence of:

 

___/s/ Debbie Leppla_________________

 

Printed Name:__Debbie Leppla_________STOCK
PLEDGE AGREEMENT

THIS
STOCK PLEDGE AGREEMENT (this “Agreement”) is made as of January 15, 2016 by Steven L. Sample (the “Pledgor”),
in favor of Richard K. Pertile, an individual (the “Pledgee”).

 

Background Information

 

A.The Pledgor
is the sole owner of two million five hundred thousand (2,500,000) of the issued and outstanding shares of stock of Acacia Diversified
Holdings, Inc., a Texas corporation (“Acacia” or the “Company”) (the “Pledgor Shares”).

 

B.The Company
and entities owned, managed, or represented by Pledgee (the “MariJ Group”) are entering into that certain Asset
Purchase Agreement by and between the Company and the MariJ Group dated of even date herewith (as it may be amended, modified,
or restated, the “APA”) pursuant to which Pledgee, for himself and representing the MariJ Group in the APA transaction,
agrees to sell certain assets and businesses relating to those assets (collectively the “Purchased Assets”)
to the Company.

 

C.Pledgor has agreed
to make the Pledgor Shares available for purchase by Pledgee under the terms and conditions contained in the APA and in a Right
of First Refusal to Purchase Common Stock agreement (the “Right of First Refusal”) by and between Pledgor and
Pledgee as of even date herewith.

 

D.Pledgor has agreed
to pledge the Pledgor Shares (as hereinafter defined) as security for the Pledgor’s obligations to Pledgee arising under
the terms of the APA and the Right of First Refusal.

 

E.The execution
of this Agreement and the delivery of the Pledgor Shares (as defined below) to the Pledgee are conditions precedent to the Pledgee’s
obligation to enter into the APA.

 

F.The Pledgor anticipates
deriving substantial benefit and advantage from the accommodations to the Company by the Pledgee, and it will be to the Pledgor’s
direct interest and economic benefit to assist the Company in entering into the APA.

 

G.To induce the Pledgee to enter into
the APA, Pledgor has agreed to pledge to Pledgee all or any part, at the option of Pledgee, of the Pledgor Shares (as hereinafter
defined) owned by Pledgor.

 

Provisions

 

NOW, THEREFORE, in consideration
of the premises and in order to induce the Pledgee to enter into the APA, the Pledgor hereby agrees with the Pledgee as follows:

 

Section 1.Defined
Terms.

 

1

 

 

 

Unless otherwise defined
herein, terms defined in the APA shall have such defined meanings when used herein.

 

“Pledgor Shares”
shall mean two million five hundred thousand (2,500,000) shares of the Common stock of Acacia Diversified Holdings, Inc. in the
form of: (i) one million (1,000,000) shares on certificate number CS1-511; (ii) one million (1,000,000) shares on certificate number
CS1-512; and, (iii) five-hundred thousand (500,000) shares on certificate number CS1-525.

 

Section 2.Pledge.

 

(a)The Pledgor hereby
pledges, assigns, hypothecates, transfers and delivers to the Pledgee, pursuant to the certain terms contained in the APA and the
Right of First Refusal, the Pledgor Shares.

 

(b)The Pledgor shall
deliver to the Pledgee the certificates for the Pledgor Shares and a stock transfer power duly endorsed simultaneously herewith.

 

(c)At any time between
April 4, 2019 and May 4, 2019 (the “Period”) the Pledgee, at its option, may have any part or all of the Pledgor
Shares registered in its name, and the Pledgor hereby covenants that, upon the Pledgee’s request, the Pledgor will assist
Pledgee, with the transfer agent or registrar of the Company, to effect such registration of the Pledgor Shares at Pledgee’s
expense. Pledgee shall execute and deliver to the Pledgor concurrent herewith a voting proxy for the Pledged Shares, which proxy
may be used by Pledgee from even date herewith but in no event beyond the last date of the Period. 

 

Section 3.Notice
to the Company and Registrar.

 

Within five days after
Pledgee’s determination to exercise its rights under the APA and the Right of First Refusal to purchase all or any portion
of the Pledged Shares (the “Purchased Shares”), the Pledgee shall give notice of the pledge of the Pledgor Shares
pursuant to the terms hereof, in the form of the Notice of Pledge attached hereto as Exhibit A, to the Company and the Company’s
stock registrar/transfer agent of record, currently Pacific Stock Transfer Company.

 

Section 4.Distributions,
etc.

 

Counsel for Pledgee shall
accept the Pledgor Shares as the Pledgee’s agent and hold the same in trust on behalf of and for the benefit of the Pledgor
and Pledgee, and shall, in the event of exercise by Pledgee of the Right of First Refusal during the Period, deliver the same forthwith
to the Pledgee, in the exact form received, with the endorsement of the Pledgor by the attached Stock Power, duly executed, to
be held in trust by Pledgee’s counsel, subject to the terms hereof, for the obligations of Pledgor under the certain terms
of and pursuant to the APA and the Right of First Refusal.

 

2

 

 

 

Section 5.The Pledgee’s
Appointment as Attorney-in-Fact.

 

(a)Pursuant to the
terms of this Agreement, the APA, and the Right of First Refusal, the Pledgor hereby irrevocably constitutes and appoints the Pledgee
as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of Pledgor and in the
name of the Pledgor or in its own name, from time to time in the Pledgee’s discretion, for the purpose of carrying out the
actions and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of
this Agreement and, without limiting the generality of the foregoing, hereby gives the Pledgee the power and right, on behalf of
the Pledgor and upon the giving of at least thirty (30) days advance written notice to Pledgor, notice to or assent by the Pledgor
to do all acts and things which the Pledgee deems necessary to protect, preserve or realize upon the Pledgor Shares and the Pledgee’s
interest therein, in order to effect the intent of this Agreement, all as fully and effectively as the Pledgor might do.

 

(b)The powers
conferred on the Pledgee hereunder are solely to protect its interests in the Pledgor Shares and shall not impose any duty upon
it to exercise any such powers. The Pledgee shall be accountable only for any Pledgor Shares that it actually receives as a result
of the exercise of such powers and it shall not be responsible to the Pledgor to purchase any of the Pledgor Shares.

Section 6.Representations
and Warranties of the Pledgor.

 

The Pledgor represents
and warrants that:

 

(a)the Pledgor is the
legal record and beneficial owner of the Pledgor Shares, subject to no pledge, lien, mortgage, hypothecation, security interest,
charge, option or other encumbrance whatsoever, except as created by this Agreement;

 

(b)the Pledgor Shares
constitutes 100% of the shares of stock of the Pledgor that are provided for the optional purchase by Pledgee under the terms of
the APA and the Right of First Refusal.;

 

(c)the Pledgor has
full power, authority and legal right to pledge the Pledgor Shares pursuant to this Agreement;

 

(d)this Agreement constitutes
a legal, valid and binding obligation of Pledgor, and is enforceable in accordance with its terms;

 

(e)no consent of any
other person or entity, including the Company, and no consent, license, permit, approval or authorization or, exemption by, or
registration, filing or declaration with, any governmental authority, domestic or foreign, is required to be obtained by Pledgor
in connection with the execution, delivery or performance of this Agreement or the pledge of the Pledgor Shares hereunder, in each
case which has not been obtained or made, as the case may be, and is not in full force and effect;

 

3

 

 

 

(f)the execution, delivery
and performance of this Agreement will not violate any provision of any applicable law or regulation or of any order, judgment,
writ, award or decree of any court, arbitrator or governmental authority, domestic or foreign, or of the articles of incorporation
or the bylaws of the Company or of any securities issued by the Company, and will not result in the creation or imposition of any
lien, charge or encumbrance on or security interest in any of the assets of the Pledgor or the Company; and

 

(g)no litigation, investigation
or proceeding of or before any arbitrator or governmental authority is pending or, to the knowledge of the Pledgor, threatened
by or against the Pledgor with respect to this Agreement.

 

Section 7.Covenants
of the Pledgor.

 

The Pledgor covenants and
agrees that:

 

(a)the Pledgor shall
defend the right, title and security interest of the Pledgee in and to the Pledgor Shares against the claims and demands of all
persons whomsoever;

 

(b)the Pledgor shall
not sell, convey or otherwise dispose of any of the Pledgor Shares or any interest therein or create, incur or permit to exist
any pledge, mortgage, lien, charge, encumbrance or any security interest whatsoever in, or with respect to, any of the Pledgor
Shares other than that created hereby.

 

Section 8.Limitation
of Liability.

 

Beyond the exercise of
reasonable care to assure the safe custody of the Pledgor Shares while held hereunder, the Pledgee shall have no duty or liability
to preserve rights pertaining thereto and shall be relieved of all responsibility for the Pledgor Shares upon surrendering it or
tendering surrender of it to the Pledgor in accordance with the terms hereof.

 

Section 9.Further
Assurances.

 

The Pledgor agrees that
at any time and from time to time upon the written request of the Pledgee, the Pledgor will execute and deliver such further documents
and do such further acts and things as the Pledgee may reasonably request in order to affect the purposes of this Agreement.

 

Section 10.Severability.

 

Any provision of this Agreement
which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition
or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction
shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

4

 

 

 

Section 11.No Waiver;
Cumulative Remedies.

 

The Pledgee shall not by
any act, delay, omission or otherwise be deemed to have waived any of its rights or remedies hereunder and no waiver shall be valid
unless in writing, signed by the Pledgee, and then only to the extent therein set forth. A waiver by the Pledgee of any right or
remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which the Pledgee would otherwise have
on any future occasion. No failure to exercise, nor any delay in exercising on the part of the Pledgee, any right, power or privilege
hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies
herein provided are cumulative and may be exercised singly or concurrently, and are not exclusive of any rights or remedies provided
by law or agreement to Pledgee.

 

Section 12.Waivers,
Amendments.

 

None of the terms or provisions
of this Agreement may be waived, altered, modified or amended except by an instrument in writing, duly executed by the Pledgee
and the Pledgor. This Agreement and all obligations of the Pledgor hereunder shall be binding upon the Pledgor’s successors
and assigns, and shall, together with the rights and remedies of the Pledgee hereunder, inure to the benefit of the Pledgee and
its successors and assigns; provided, however, that neither the Pledgor nor the Pledgee may assign this Agreement without the prior
written consent of the both Parties.

 

Section 13.Reinstatement.

 

This Agreement shall
remain in full force and effect and continue to be effective should any petition be filed by or against the Pledgor for liquidation
or reorganization, should the Pledgor become insolvent or make an assignment for the benefit of creditors or should a receiver
or trustee be appointed for all or any significant part of the Pledgor’s assets, and shall continue to be effective or be
reinstated, as the case may be.

Section 14.Indemnity.

 

The Pledgor and Pledgee
hereby agree to indemnify and hold harmless each other (collectively, the “Indemnitees”) from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, claims, costs, expenses and disbursements of any
kind or nature whatsoever in connection with any investigative, administrative or judicial proceeding, whether or not such Indemnitee
shall be designated a party thereto and including any such proceeding initiated by or on behalf of the Pledgor, the Pledgee, or
the Company, which may be imposed on, incurred by or asserted against such Indemnitee as a result of or in connection with this
Agreement or the enforcement by Pledgor or Pledgee of its rights and remedies hereunder,

 

5

 

 

 

except that the Pledgor shall have no
obligation hereunder to an Indemnitee with respect to any liability resulting from the gross negligence or willful misconduct of
Pledgee, as determined by a court of competent jurisdiction.

 

Section 15.Governing
Law; Venue.

 

This Agreement shall be
governed by, and construed in accordance with, the internal laws (and not the law of conflicts) of the State of Florida. The
Pledgor hereby submits to the nonexclusive jurisdiction of the United States District Court for the Central District of Florida
in the City of Ocala, Florida, and that not being available, in the City of Orlando, Florida, and of any Florida state court sitting
in Ocala, Florida, and for purposes of all legal proceedings arising out of or relating to this Agreement (including, without limitation,
any of the other related documents) or the transactions contemplated hereby. The Pledgee irrevocably waives, to the fullest extent
permitted by law, any objection which it may now or hereafter have to the laying of the venue of any such proceeding brought in
such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum. Nothing
herein shall limit the right of the Pledgor to bring proceedings against Pledgee in
the courts of any other jurisdiction.

 

Section 16.Notices.

 

Notices from one party to another relating
to this Agreement shall be deemed effective if made in writing and delivered to the Pledgor’s address as set forth on the
signature page hereto, or to the Pledgee’s address at 2810 Phillippe Parkway, Safety Harbor, FL 34695 by any of the following
means: (a) hand-delivery; (b) registered or certified mail, postage prepaid, with return receipt requested; (c) first class or
express mail, postage prepaid; or (d) Federal Express or like overnight courier service. Notice made in accordance with this section
shall be deemed delivered on receipt if delivered by hand or facsimile, on the third business day after mailing if mailed by first
class, registered or certified mail or on the next business day after mailing or deposit with an overnight courier service if delivered
by express mail or overnight courier.

 

Section 17.
Continuing Interest.

 

This Agreement shall create
a continuing interest by Pledgor and Pledgee and shall (i) remain in full force and effect until the indefeasible payment and satisfaction
in full of all Pledgee’s obligations, (ii) be binding upon the successors and assigns of Pledgor and Pledgee, and (iii) inure,
together with the rights and remedies of the Pledgor and Pledgee hereunder, to the benefit of the successors, transferees and assigns
of each. The Pledgee shall deliver to the Pledgor, upon termination of this Agreement, at the Pledgee’s expense, such of
the Pledgor Shares as shall not have been purchased by Pledgee pursuant to this Agreement.

 

Section 18.Registration
Rights.

 

Pledgee acknowledges that
the Pledgor Shares are not registered under the Securities Act of 1933, as amended. Pledgee indemnifies and holds the Pledgor harmless
against any loss, claim, damage or liability arising

 

6

 

 

 

out of the restrictions placed upon the shares offered hereby and arising
out of the registration process, and will pay any legal or other expenses incurred as a result of seeking to have the restrictions
removed.

 

Section 19.WAIVER
OF JURY TRIAL.

 

THE PLEDGOR AND THE PLEDGEE
HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT,
CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY THIS DOCUMENT OR THE RELATIONSHIP ESTABLISHED
THEREUNDER.

 

Section 20.Waiver
Of Subrogation; Other Waivers.

 

The Pledgee expressly waives
any and all rights of subrogation, contribution, reimbursement, indemnity, exoneration, implied contract, recourse to security
or any other claim (including any claim, as that term is defined in the Federal Bankruptcy Code, and any amendments) which it may
now have or later acquire against the Pledgor or any other party directly or contingently liable for the obligations of Pledgor
under all related agreements and documents arising from the existence or performance of the Pledgor’s obligations under this
Agreement or any other document to which it is a party, until any commitment under this Agreement
is terminated. The Pledgee irrevocably waives acceptance hereof, presentment, demand,
protest and, to the fullest extent permitted by law, any notice not provided for herein, as well as any requirement that at any
time any action be taken by any party against any other party. The Pledgee hereby
waives all defenses relating thereto, including but not limited to all defenses based upon the APA and the Right of First Refusal.

 

Section
21.Agreement Unconditional. 

 

The
obligations of the Pledgor hereunder shall be unconditional and absolute and, without limiting the generality of the foregoing,
shall not be released, discharged or otherwise affected by any extension, renewal, settlement, compromise, waiver or release in
respect of the Agreement hereby, by operation of law or otherwise.

 

[Signature
page follows]

 

 

 

 

7

 

 

IN WITNESS WHEREOF, the
Pledgor has caused this Agreement to be executed and delivered as of the day and year first above written.

 

PLEDGOR:

 

	 	 	 	Steven L. Sample,

                           An Individual residing in Florida

	 	 	 	 
	 	By:	 	 /s/ Steven L. Sample
	 	 	 	Steven L. Sample
	 	Address:	 	2806 SE 29th Street
	 	 	 	Ocala, FL 34471

 

 

 

STATE OF FLORIDA:

: ss.

COUNTY OF MARION:

 

The foregoing instrument
was acknowledged before me this 15th day of January, 2016, by Steven L. Sample.

 

____/s/ Notary______

Notary Public

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