Document:

Exhibit 10.1

 

EMPLOYMENT
AGREEMENT

 

This
EMPLOYMENT AGREEMENT (the “Agreement”), is entered into as of June 11, 2021 (the “Effective Date”),
by and between TD Holdings, Inc., incorporated under the laws of the State of Delaware (the “Company”), and Tianshi
(Stanley) Yang, an individual (the “Executive”). Except with respect to the direct employment of the Executive by
the Company, the term “Company” as used herein with respect to all obligations of the Executive hereunder shall be deemed
to include the Company and all of its subsidiaries and affiliated entities (collectively, the “Group”).

 

RECITALS

 

A.
The Company desires to employ the Executive as its Chief Financial Officer and to assure itself of the services of the Executive during
the term of Employment (as defined below).

 

B.
The Executive desires to be employed by the Company as its Chief Financial Officer during the term of Employment and upon the terms and
conditions of this Agreement.

 

AGREEMENT

 

The
parties hereto agree as follows:

 

	1.	POSITION

 

The
Executive hereby accepts a position of Chief Financial Officer (the “Employment”) of the Company.

 

	2.	TERM

 

	 	Subject
    to the terms and conditions of this Agreement, the initial term of the Employment shall be 2 years commencing on the Effective Date,
    unless terminated earlier pursuant to the terms of this Agreement. The Employment will be renewed automatically for additional one-year
    terms if neither the Company nor the Executive provides a notice of termination of the Employment to the other party or otherwise
    proposes to re-negotiate the terms of the Employment with the other party within three months prior to the expiration of the applicable
    term.

 

	3.	DUTIES
    AND RESPONSIBILITIES

 

	 	(a)	The
    Executive’s duties at the Company will include all jobs assigned by the Company’s Board of the Directors (the “Board”).

 

	 	(b)	The
    Executive shall devote all of his working time, attention and skills to the performance of his duties at the Company and shall faithfully
    and diligently serve the Company in accordance with this Agreement, the Certificate of Incorporation and Bylaws of the Company, as
    amended and restated from time to time (the “Charter Documents”), and the guidelines, policies and procedures
    of the Company approved from time to time by the Board.

 

	 	(c)	The
    Executive shall use his best efforts to perform his duties hereunder. The Executive shall not, without the prior written consent
    of the Board, become an employee of any entity other than the Company and any subsidiary or affiliate of the Company, and shall not
    be concerned or interested in any business or entity that engages in the same business in which the Company engages (any such business
    or entity, a “Competitor”), provided that nothing in this clause shall preclude the Executive from holding any
    shares or other securities of any Competitor that is listed on any securities exchange or recognized securities market anywhere if
    such shares or securities represent less than 5% of the competitors outstanding shares and securities. The Executive shall notify
    the Company in writing of his interest in such shares or securities in a timely manner and with such details and particulars as the
    Company may reasonably require

     

 

    1

     

    

 

	4.	NO
    BREACH OF CONTRACT

 

The
Executive hereby represents to the Company that: (i) the execution and delivery of this Agreement by the Executive and the performance
by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any
other agreement or policy to which the Executive is a party or otherwise bound, except for agreements entered into by and between the
Executive and any member of the Group pursuant to applicable law, if any; (ii) that the Executive has no information (including,
without limitation, confidential information and trade secrets) relating to any other person or entity which would prevent, or be violated
by, the Executive entering into this Agreement or carrying out his duties hereunder; (iii) that the Executive is not bound by any
confidentiality, trade secret or similar agreement (other than this) with any other person or entity except for other member(s) of the
Group, as the case may be.

 

	5.	Intentionally
Omitted

 

	6.	COMPENSATION
    AND BENEFITS

 

	 	(a)	Base
    Salary. The Executive’s initial base salary shall be Seventy-five Thousand U.S. Dollars $75,000 per year, paid in periodic
    installments in accordance with the Company’s regular payroll practices, and such compensation is subject to annual review
    and adjustment by the Board.

 

	 	(b)	Bonus.
    The Executive shall be eligible for Bonuses determined by the Board.

 

	 	(c)	Equity
    Incentives. To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible to participate
    in such plan pursuant to the terms thereof as determined by the Board.

 

	 	(d)	Benefits.
    The Executive is eligible for participation in any standard employee benefit plan of the Company that currently exists or may be
    adopted by the Company in the future, including, but not limited to, any retirement plan, life insurance plan, health insurance plan
    and travel/holiday plan.

 

	 	(e)	Expenses.
    The Executive shall be entitled to reimbursement by the Company for all reasonable ordinary and necessary travel and other expenses
    incurred by the Executive in the performance of his duties under this Agreement; provided that he properly accounts for such expenses
    in accordance with the Company’s policies and procedures.

 

	7.	TERMINATION
    OF THE AGREEMENT

 

	 	(a)	By
    the Company.

 

(i) For
Cause. The Company may terminate the Employment for cause, at any time, without notice or remuneration (unless notice or remuneration
is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable law),
if:

 

(1)
the Executive is convicted or pleads guilty to a felony or to an act of fraud, misappropriation or embezzlement,

 

(2)
the Executive has been grossly negligent or acted dishonestly to the detriment of the Company,

 

(3)
the Executive has engaged in actions amounting to willful misconduct or failed to perform his duties hereunder and such failure continues
after the Executive is afforded a reasonable opportunity to cure such failure; or

 

(4)
the Executive violates Section 8 or 10 of this Agreement.

 

Upon
termination for cause, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination. However,
the Executive will not be entitled to receive payment of any severance benefits or other amounts by reason of the termination, and the
Executive’s right to all other benefits will terminate, except as required by any applicable law.

 

    2

     

    

 

(ii) For
death and disability. The Company may also terminate the Employment, at any time, without notice or remuneration (unless notice or
remuneration is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable
law), if:

 

(1)
the Executive has died, or

 

(2)
the Executive has a disability which shall mean a physical or mental impairment which, as reasonably determined by the Board, renders
the Executive unable to perform the essential functions of his employment with the Company, with or without reasonable accommodation,
for more than 120 days in any 12-month period, unless a longer period is required by applicable law, in which case that longer period
would apply.

 

Upon
termination for death or disability, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.
However, the Executive will not be entitled to receive payment of any severance benefits or other amounts by reason of the termination,
and the Executive’s right to all other benefits will terminate, except as required by any applicable law.

 

(iii) Without
Cause. The Company may terminate the Employment without cause, at any time, upon one-month prior written notice. Upon termination
without cause, the Company shall provide the following severance payments and benefits to the Executive: (1) a lump sum cash payment
equal to1 months of the Executive’s base salary as of the date of such termination; (2) a lump sum cash payment equal to a
pro-rated amount of his target annual bonus for the year immediately preceding the termination, if any; (3) payment of premiums
for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination, if any; and (4) immediate
vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive.

 

Upon
termination without, the Executive shall be entitled to the amount of base salary earned and not paid prior to termination.

 

(iv) Change
of Control Transaction. If the Company or its successor terminates the Employment upon a merger, consolidation, or transfer or sale
of all or substantially all of the assets of the Company with or to any other individual(s) or entity (the “Change of Control
Transaction”), the Executive shall be entitled to the following severance payments and benefits upon such termination: (1) a
lump sum cash payment equal to 1 months of the Executive’s base salary at a rate equal to the greater of his/her annual salary
in effect immediate1y prior to the termination, or his/her then current annua1 salary as of the date of such termination; (2) a
lump sum cash payment equal to a pro-rated amount of his/her target annual bonus for the year immediately preceding the termination;
(3) payment of premiums for continued health benefits under the Company’s health plans for 12 months fo1lowing the termination;
and (4) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive.

 

	 	(b)	By
    the Executive. The Executive may terminate the Employment at any time with a one-month prior written notice to the Company, if
    (1) there is a material reduction in the Executive’s authority, duties and responsibilities, or (2) there is a material
    reduction in the Executive’s annual salary. Upon the Executive’s termination of the Employment due to either of the above
    reasons, the Company shall provide compensation to the Executive equivalent to 1 months of the Executive’s base salary that
    he is entitled to immediately prior to such termination. In addition, the Executive may resign prior to the expiration of the Agreement
    if such resignation is approved by the Board or an alternative arrangement with respect to the Employment is agreed to by the Board.

 

	 	(c)	Notice
    of Termination. Any termination of the Executive’s employment under this Agreement shall be communicated by written
    notice of termination from the terminating party to the other party. The notice of termination shall indicate the specific provision(s)
    of this Agreement relied upon in effecting the termination.

 

    3

     

    

 

	8.	CONFIDENTIALITY
    AND NON-DISCLOSURE

 

	 	(a)	Confidentiality
    and Non-disclosure. The Executive hereby agrees at all times during the term of the Employment and after his termination, to
    hold in the strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, corporation
    or other entity without prior written consent of the Company, any Confidential Information. The Executive understands that “Confidential
    Information” means any proprietary or confidential information of the Company, its affiliates, or their respective clients,
    customers or partners, including, without limitation, technical data, trade secrets, research and development information, product
    plans, services, customer lists and customers, supplier lists and suppliers, software developments, inventions, processes, formulas,
    technology, designs, hardware configuration information, personnel information, marketing, finances, information about the suppliers,
    joint ventures, franchisees, distributors and other persons with whom the Company does business, information regarding the skills
    and compensation of other employees of the Company or other business information disclosed to the Executive by or obtained by the
    Executive from the Company, its affiliates, or their respective clients, customers or partners, either directly or indirectly, in
    writing, orally or otherwise, if specifically indicated to be confidential or reasonably expected to be confidential. Notwithstanding
    the foregoing, Confidential Information shall not include information that is generally available and known to the public through
    no fault of the Executive.

 

	 	(b)	Company
    Property. The Executive understands that all documents (including computer records, facsimile and e-mail) and materials created,
    received or transmitted in connection with his work or using the facilities of the Company are property of the Company and subject
    to inspection by the Company at any time. Upon termination of the Executive’s employment with the Company (or at any other
    time when requested by the Company), the Executive will promptly deliver to the Company all documents and materials of any nature
    pertaining to his work with the Company and will provide written certification of his compliance with this Agreement. Under no circumstances
    will the Executive have, following his termination, in his possession any property of the Company, or any documents or materials
    or copies thereof containing any Confidential Information.

 

	 	(c)	Former
    Employer Information. The Executive agrees that he has not and will not, during the term of his employment, (i) improperly
    use or disclose any proprietary information or trade secrets of any former employer or other person or entity with which the Executive
    has an agreement or duty to keep in confidence information acquired by Executive, if any, or (ii) bring into the premises of
    the Company any document or confidential or proprietary information belonging to such former employer, person or entity unless consented
    to in writing by such former employer, person or entity. The Executive will indemnify the Company and hold it harmless from and against
    all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in
    connection with any violation of the foregoing.

 

	 	(d)	Third
    Party Information. The Executive recognizes that the Company may have received, and in the future may receive, from third parties
    their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality of such
    information and to use it only for certain limited purposes. The Executive agrees that the Executive owes the Company and such third
    parties, during the Executive’s employment by the Company and thereafter, a duty to hold all such confidential or proprietary
    information in the strictest confidence and not to disclose it to any person or firm and to use it in a manner consistent with, and
    for the limited purposes permitted by, the Company’s agreement with such third party.

 

This
Section 8 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 8, the Company
shall have right to seek remedies permissible under applicable law.

 

	9.	CONFLICTING
    EMPLOYMENT.

 

The
Executive hereby agrees that, during the term of his employment with the Company, he or she will not engage in any other employment,
occupation, consulting or other business activity related to the business in which the Company is now involved or becomes involved during
the term of the Executive’s employment, nor will the Executive engage in any other activities that conflict with his obligations
to the Company without the prior written consent of the Company.

 

    4

     

    

 

	10.	NON-COMPETITION
    AND NON-SOLICITATION

 

In
consideration of the salary paid to the Executive by the Company and subject to applicable law, the Executive agrees that during the
term of the Employment and for a period of one (1) year following the termination of the Employment for whatever reason:

 

	 	(a)	The
    Executive will not approach clients, customers or contacts of the Company or other persons or entities introduced to the Executive
    in the Executive’s capacity as a representative of the Company for the purposes of doing business with such persons or entities
    which will harm the business relationship between the Company and such persons and/or entities;

 

	 	(b)	The
    Executive will not assume employment with or provide services as a director or otherwise for any Competitor, or engage, whether as
    principal, partner, licensor or otherwise, in any Competitor; and

 

	 	(c)	The
    Executive will not seek, directly or indirectly, by the offer of alternative employment or other inducement whatsoever, to solicit
    the services of any employee of the Company employed as at or after the date of such termination, or in the year preceding such termination.

 

The
provisions contained in Section 10 are considered reasonable by the Executive and the Company. In the event that any such provisions
should be found to be void under applicable laws but would be valid if some part thereof was deleted or the period or area of application
reduced, such provisions shall apply with such modification as may be necessary to make them valid and effective.

 

This
Section 10 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 10, the Executive
acknowledges that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a decree for
specific performance, and such other relief as may be proper (including monetary damages if appropriate). In any event, the Company shall
have right to seek all remedies permissible under applicable law.

 

	11.	WITHHOLDING
    TAXES

 

Notwithstanding
anything else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise
due or payable under or pursuant to this Agreement such national, provincial, local or any other income, employment, or other taxes as
may be required to be withheld pursuant to any applicable law or regulation.

 

	12.	ASSIGNMENT

 

This
Agreement is personal in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this
Agreement or any rights or obligations hereunder; provided, however, that (i) the Company may assign or transfer this Agreement
or any rights or obligations hereunder to any member of the Group without such consent, and (ii) in the event of a Change of Control
Transaction, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such
successor shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder.

 

	13.	SEVERABILITY

 

If
any provision of this Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications
of this Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of this Agreement
are declared to be severable.

 

    5

     

    

 

	14.	ENTIRE
    AGREEMENT

 

This
Agreement constitutes the entire agreement and understanding between the Executive and the Company regarding the terms of the Employment
and supersedes all prior or contemporaneous oral or written agreements concerning such subject matter, including any prior agreements
between the Executive and a member of the Group. The Executive acknowledges that he or she has not entered into this Agreement in reliance
upon any representation, warranty or undertaking which is not set forth in this Agreement. Any amendment to this Agreement must be in
writing and signed by the Executive and the Company.

 

	15.	GOVERNING
    LAW; JURISDICTION

 

This
Agreement shall be governed by and construed in accordance with the laws of the State of Delaware and each of the parties irrevocably
consents to the jurisdiction and venue of the federal and state courts located in Delaware.

 

	16.	AMENDMENT

 

This
Agreement may not be amended, modified or changed (in whole or in part), except by a formal, definitive written agreement expressly referring
to this Agreement, which agreement is executed by both of the parties hereto.

 

	17.	WAIVER

 

Neither
the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate
as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further
exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with
respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No
waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.

 

	18.	NOTICES

 

All
notices, requests, demands and other communications required or permitted under this Agreement shall be in writing and shall be deemed
to have been duly given and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor, or (iii) sent
by a recognized courier with next-day or second-day delivery to the last known address of the other party.

 

	19.	COUNTERPARTS

 

This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original as against any party whose signature
appears thereon, and all of which together shall constitute one and the same instrument. This Agreement shall become binding when one
or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the
signatories.

 

Photographic
copies of such signed counterparts may be used in lieu of the originals for any purpose.

 

	20.	NO
    INTERPRETATION AGAINST DRAFTER

 

Each
party recognizes that this Agreement is a legally binding contract and acknowledges that it, he or she has had the opportunity to consult
with legal counsel of choice. In any construction of the terms of this Agreement, the same shall not be construed against either party
on the basis of that party being the drafter of such terms.

 

[Remainder
of this page has been intentionally left blank.]

 

    6

     

    

 

IN
WITNESS WHEREOF, this Agreement has been executed as of the date first written above.

 

	 	TD
    Holdings, Inc,
	 	 	 
	 	By:	/s/
    Renmei Ouyang
	 	Name:	Renmei
    Ouyang 
	 	Title:	Chief
    Executive Officer 

 

	 	Executive
	 	 	 
	 	Signature:	/s/
    Tianshi (Stanley) Yang
	 	Name:	Tianshi
    (Stanley) Yang

 

 

7EX-10.1

 Exhibit 10.1 
  

 
 OPTION GRANT AGREEMENT 

(U.S. AND CANADIAN EMPLOYEES) 

###GRANT_DATE### 

###PARTICIPANT_NAME### 
 PERSONAL AND
CONFIDENTIAL 
 BY EMAIL 
 Dear
###PARTICIPANT_NAME### 
 I am pleased to confirm that you have been granted options (the “Options”) to purchase common shares
(“Common Shares”) in the capital of Canopy Growth Corporation (“Canopy Growth”) under Canopy Growth’s Amended and Restated Omnibus Incentive Plan, as the same may be amended from time to time (the “Plan”). 

This letter agreement shall constitute an “Award Agreement” as defined under the Plan. Other than as set out herein, the Options
shall be subject in all respects to the terms and conditions of the Plan, a copy of which you have received and which is available to you via ShareWorks. We encourage you to review the Plan in detail. 

 

			
	 Number of Common Shares subject to the Options:
	  	 ###TOTAL_AWARDS### (the “Optioned Shares”)

		
	 Date of Grant:
	  	 ###GRANT_DATE### (the “Grant Date”)

		
	 Exercise Price (per Common Share):
	  	 ###GRANT_PRICE### (the “Exercise Price”)

			
	 Vesting:
	  	 Subject always to the right of Canopy Growth to cancel such Options on earlier dates in accordance with the provisions of the
Plan, the Options will vest and be exercisable in tranches representing 1/3 of the total grant on the following dates: ###VEST_SCHEDULE_TABLE###
  

Options will cease to vest on the last date enumerated in the table above, unless:

 
 (a)        You
provide Canopy Growth with notice of resignation, in which case any unvested Options will cease to vest on the date on which you provide notice of resignation from your employment with Canopy Growth;

 
 (b)        Canopy
Growth terminates your Service (as such term is defined in the Plan) for “cause” (as such term is defined in the Plan), in which case any unvested Options will cease to vest on that date;

 
 (c)        Canopy
Growth terminates your Service without cause, in which case any unvested Options will cease to vest on the date that is the conclusion to the applicable statutory notice period required in consideration of the termination of your employment by
Canopy Growth without cause;
  

(d)        The law deems your Service to be terminated, in which case any unvested Options will cease
to vest on the date deemed by law to be date of such termination;
  

(e)        Your Service with Canopy Growth terminates due to death or Disability (as defined below), in
which case any unvested Options shall vest 30 days following the date of death or Disability; or
  

(f)        Your Service with Canopy Growth terminates due to Retirement (as defined below), in which
case, provided the date on which you provide notice of Retirement is no earlier than six months following the Date of Grant, your Options will continue to vest in accordance with the schedule set forth above (irrespective of any continued employment
or Service requirement). Notwithstanding the foregoing provisions of this section, in the event of your breach of any restrictive covenants regarding non-competition and/or
non-solicitation (the “Restrictive Covenants”) incumbent on you pursuant to your employment agreement with the Company following cessation of Service due to Retirement, in addition to any relief
described in the Employment Agreement, all unvested Options held by you shall be immediately forfeited on the date which you breach a Restrictive Covenant unless terminated sooner by operation of another term or condition of this Award Agreement or
the Plan, and any gain realized by you from the vesting and/ exercise of any Options following such breach, shall be paid by you to the Company.
  

Following the applicable date of cessation of vesting of your Options above, you will not be entitled to any further vesting of Options nor to
damages or compensation of any sort as a result of such limitation.

			
		  	 For purposes of this Award Agreement: “Retirement” means that you (i) voluntarily elect to terminate your
Service with Canopy Growth after you attain the age of sixty (60) years old, (ii) have completed five (5) Full Years of continuous Service, (iii) have provided reasonable notice to the company, and (iv) have not received a
cash severance or other termination payment in excess of what is provided for in your employment agreement on the occasion of resignation, and a “Full Year” means a twelve-month period beginning on the date of your commencement of Service
and each anniversary thereof.
  
 Further, for purposes of
this Award Agreement, “Disability” has the same meaning as that provided for in the U.S. Internal Revenue Code Treasury regulation section 1.409A-3(i)(4)(i)(A) (which generally means that you are
unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12
months.)

		
	 Exercise Rights:
	  	 Options shall only be exercisable with respect to vested Optioned Shares, and shall be subject to the following additional
restrictions:
  
 If you resign other than pursuant to
Retirement then, subject you being in a Blackout Period, you will have ninety (90) days from the date on which you provide notice of resignation to exercise any vested Options.

 
 If: (a) your Service is terminated without cause; or
(b) the law deems your Service to be terminated, then, subject to you being in a Blackout Period, you will have ninety (90) days from the conclusion of the applicable statutory notice period required in consideration of the termination of
your employment to exercise any vested Options.
  
 If your
Service terminates due to death or Disability, then, subject to your being in a Blackout Period, you or your legal representatives, as applicable, will have ninety (90) days from the date of death or Disability to exercise any vested
Options.
  
 If the last day on which you would be eligible
to exercise a vested Option is during, or within 10 business days of the expiration of an applicable Blackout Period, then the exercise period shall be extended to the close of business on the 10th business day following the expiration of the
Blackout Period.
  
 If your Service with Canopy Growth
terminates due to Retirement and the date on which you provide notice of Retirement is no earlier than six months prior to the Date of Grant, then, once vested, vested Options may be exercised at any time prior to the Expiry Date set forth
below.

			
	 Expiry Date:
	  	 The date six (6) years after the Grant Date

		
	 Confidentiality
	  	 The terms of this Options grant are confidential and we expect that you will maintain the confidentiality of the grant and
not disclose details to other members of the Canopy Growth team or anyone outside Canopy Growth.

 All awards issued pursuant to the Plan are administered by Shareworks, or another awards administrator as may
be designated by Canopy Growth from time to time. The exercise of vested Options must be completed through your Shareworks account and according to the instructions provided by Shareworks or any other awards administrator that Canopy Growth may
designate from time to time. Upon the payment of the Exercise Price in respect of the selected number of vested Options, according to the instructions provided by Shareworks, you will be issued the corresponding number of Common Shares. 

Section 13 of the Plan (Change in Control Provisions) shall not apply to any Awards (including the Options) granted hereunder unless
otherwise determined by the Committee or the Board (as such terms are defined in the Plan); provided, however, that the direct or indirect acquisition by the CBG Group of more than 50% of the combined voting power of Canopy Growth’s then
outstanding securities as a result of the CBG Group’s beneficial ownership of common shares of Canopy Growth held as of the close of the private placement transaction with CBG Holdings LLC (“CBG”) completed on November 1, 2018
(the “CBG Closing”), combined with common shares of Canopy Growth acquired by the CBG Group pursuant to the exercise of any or all of its warrants to purchase common shares of Canopy Growth that were held as of the CBG Closing shall not,
in any event or circumstance, constitute a “Change in Control” within the meaning of the Plan. For purposes of this paragraph, “CBG Group” means Greenstar Canada Investment Limited, CBG, and Constellation Brands, Inc. and its
respective direct and indirect subsidiaries. 
 As a condition to the grant of your Options, you are required to indicate your acceptance of
this Award Agreement and the terms and conditions of the Plan by signing the acknowledgement electronically at the foot of this letter. If there is any inconsistency between the terms of this Award Agreement and the Plan, you acknowledge that the
terms of the Plan shall govern. Canopy Growth may require, as a condition to the issuance of Common Shares pursuant to the exercise of the Options, that in addition to the exercise price you also pay to Canopy Growth any federal, provincial/state or
local withholding taxes required by law to be withheld in respect of the exercise of the Options. 
 The Options are intended to provide you
with an opportunity to share in the potential future growth of Canopy Growth. It recognizes your value and the significant impact that your ideas, enthusiasm and hard work will have in making Canopy Growth a success. 

 It is through working together as a team that we can make Canopy Growth a leader in our
field. 
 Yours very truly, 
 CANOPY GROWTH
CORPORATION 
 By: 

###SIGNATURECEO### 
 Name: David Klein 

Title: CEO 
 I accept the Options on the terms
described in this Award Agreement and understand and agree that my Options are subject in all respects to the terms and conditions of the Award Agreement and the Plan. I have read, understood and agree to comply with the terms of this Award
Agreement and the Plan. 
  

					
	 ###PARTICIPANT_NAME###
	  	 ###HOME_ADDRESS###
	  	 ###ACCEPTANCE_DATE###

	 Signature
	  	 Address
	  	 Accepted

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}]]