Document:

ex4-4.htm

Exhibit 4.4

FORM OF SUBSCRIPTION AGENT AGREEMENT

 

 

 

 

 

 

 

SUBSCRIPTION AGENT AGREEMENT

 

This SUBSCRIPTION AGENT AGREEMENT (this “Agreement”) is entered into as of March __, 2017, by and between American Stock Transfer & Trust Company, LLC (the “Subscription Agent”) and Royal Hawaiian Orchards, L.P. (the “Company”).

 

	
1.
	
The Company is offering (the “Rights Offering”) to the holders of depositary units (“Units”) representing Class A units of limited partnership interests, at 5:00 p.m. Eastern Time on February 28, 2017 (the “Record Date”), the right (“Rights”) to subscribe for additional Units at a price to be established immediately prior to the effectiveness of the registration statement on Form S-1 (the “Registration Statement”) filed with the Securities and Exchange Commission registering the Units (the “Subscription Price”). The Rights Offering will be conducted in the manner and upon the terms set forth in the Company’s Prospectus included in the Registration Statement (the “Prospectus”). Except as set forth in Section 9 below, Rights shall cease to be exercisable at 5:00 P.M., Eastern Time, on the expiration date set forth in the Prospectus or such later date of which the Company notifies the Subscription Agent orally and confirms in writing (the “Expiration Date”). Each Right will entitle the holder to purchase one Unit for each Unit held on the Record Date. Rights are evidenced by non-transferable rights certificates in registered form (“Rights Certificates”). Each holder of a Rights Certificate who exercises the holder’s right to subscribe for all Units that can be subscribed for with the Rights evidenced by such Rights Certificate(s) (the “Basic Subscription Right”) will have the right to subscribe for additional Units, if any, available as a result of any unexercised Rights (such additional subscription right being referred to hereafter as the “Over-Subscription Privilege”). Rights Certificates representing at least one whole Unit and payment in full of the subscription price are required to subscribe for one Unit. Fractional units represented by a rights certificate will be eliminated by rounding down.

 

	
2.
	
The Subscription Agent is hereby appointed to affect the Rights Offering as set forth herein. The Subscription Agent may rely on, and shall be protected in acting upon, any certificate, instrument, opinion, representation, notice letter or other document delivered to it and believed by it to be genuine and to have been signed by the proper party or parties.

 

	
3.
	
Enclosed herewith are the following, the receipt of which the Subscription Agent acknowledges by its execution hereof: 

 

	 	
(a)
	
a copy of the Prospectus; 

 

	 	
(b)
	
the form of Rights Certificate; 

 

	 	
(c)
	
the form of Instructions as to Exercise of Rights;

 

 

 

1

 

 

	 	
(d)
	
resolutions adopted by the board of directors of the general partner of the Company in connection with the Rights Offering, certified by the secretary of the general partner;

 

	 	
(e)
	
the form of Letter to Record Holders of Depositary Units;

 

	 	
(f)
	
the form of Letter to Brokers and Other Nominee Holders;

 

	 	
(g)
	
the form of Letter to Clients;

 

	 	
(h)
	
the form of Beneficial Owner Election Form;

 

	 	
(i)
	
the form of Nominee Holder Certification;

 

	 	
(j)
	
the form of Notice of Guaranteed Delivery;

 

	 	
(k)
	
the form of Notice of Tax Information; and

 

	 	
(l)
	
the form of Management’s Letter to Holders of Depositary Units. 

 

	
4.
	
As soon as is reasonably practical, the Subscription Agent shall mail or cause to be mailed to each holder of Units at the close of business on the Record Date a Rights Certificate evidencing the Rights to which such holder is entitled, Instructions as to Exercise of Rights, a Notice of Guaranteed Delivery, a Prospectus, Management’s Letter to Holders of Depositary Units, Notice of Tax Information and an envelope addressed to the Subscription Agent. Prior to mailing, the Company shall provide the Subscription Agent with blank Rights Certificates which the Subscription Agent shall prepare and issue in the names of holders of Units of record at the close of business on the Record Date and for the number of Rights to which they are entitled. The Company shall also provide the Subscription Agent with a sufficient number of copies of each of the documents to be mailed with the Rights Certificates.

 

	
5.
	
Subscription Procedure.

 

	 	
(a)
	
Upon the Subscription Agent’s receipt prior to 5:00 P.M., Eastern Time, on the Expiration Date (by mail or delivery) of (ii) any Rights Certificate completed and endorsed for exercise, as provided on the reverse side of the Rights Certificate (except as provided in Section 9 hereof), and (ii) payment in full of the Subscription Price in U.S. funds by check, bank draft or money order payable at par (without deduction for bank service charges or otherwise) to the order of “American Stock Transfer & Trust Company, LLC” the Subscription Agent shall as soon as practicable after the Expiration Date, but after performing the procedures described in subsections (b) and (c) below, mail to the subscriber’s registered address on the books of the Company a direct registration account statement representing the Units duly subscribed for (pursuant to the Basic Subscription Right and the Over-Subscription Privilege) and furnish a list of all such information to the Company. 

 

	 	
(b)
	
As soon as practicable after the Expiration Date the Subscription Agent shall calculate the number of Units to which each subscriber is entitled pursuant to the Over-Subscription Privilege. The Over-Subscription Privilege may only be exercised by holders who subscribe to all the Units that can be subscribed for under the Basic Subscription Right. The Units available for over-subscription will be those that have not been subscribed and paid for pursuant to the Basic Subscription Right (the “Remaining Units”). Where there are sufficient Remaining Units to satisfy all additional subscriptions by holders exercising their rights under the Over-Subscription Privilege, each holder shall be allotted the number of additional Units subscribed for. If the aggregate number of Units subscribed for under the Over-Subscription Privilege exceeds the number of Remaining Units, the number of Remaining Units allotted to each participant in the Over-Subscription Privilege shall be determined in accordance with the following formula: 

 

 

 

2

 

 

	 	
●
	
Each holder who exercises the over-subscription privilege will be allocated a percentage of the remaining Units equal to the percentage that results from dividing (i) the number of Basic Subscription Rights which that holder exercised by (ii) the number of Basic Subscription Rights which all holders who wish to participate in the Over-Subscription Privilege exercised. Such percentage could result in the allocation of more or fewer Over-Subscription Units than the holder requested to purchase through the exercise of the over-subscription privilege. 

 

	 	
●
	
Example A: If Unit holder A holds 2,000 subscription rights and Unit holder B holds 3,000 subscription rights, and they are the only two holders who exercise the over-subscription privilege, holder A will be allocated 40% and holder B will be allocated 60% of all remaining Depositary Receipts available.

 

	 	
●
	
Second, if the allocation of remaining Units pursuant to the formula described above in the first step would result in any holder receiving a greater number of Units than that holder subscribed for pursuant to the over-subscription privilege, then such holder will be allocated only that number of Units for which the holder over-subscribed. 

 

	 	
●
	
Example B: If Unit holder A is allocated 1,000 Units pursuant to the formula described above but subscribed for only 400 additional Units pursuant to the over-subscription privilege, holder A’s allocation would be reduced to 400 Units.

 

	 	
●
	
Third, any Units that exceed a holder’s over-subscription request and remain available as a result of the allocation described above (the 600 additional Units in Example B above) will be allocated among all remaining holders who exercised the over-subscription privilege and whose initial allocations were less than the number of Units they requested. This third allocation will be made pursuant to the same formula described above and repeated, if necessary, until all available Units have been allocated or all over-subscription requests have been satisfied in full.

 

Fractional shares resulting from the exercise of the Over-Subscription Privilege will be eliminated by rounding down to the nearest whole share.

 

	 	
(c)
	
Upon calculating the number of Units to which each subscriber is entitled pursuant to the Over-Subscription Privilege and the amount overpaid, if any, by each subscriber, the Subscription Agent shall, as soon as practicable, furnish a list of all such information to the Company. 

 

 

 

3

 

 

	 	
(d)
	
Upon calculating the number of Units to which each subscriber is entitled pursuant to the Over-Subscription Privilege and assuming payment for the additional Units subscribed for has been delivered, the Subscription Agent shall mail, as contemplated in subsection (a) above, the direct registration account statements representing the additional securities which the subscriber has been allotted. If a lesser number of Units is allotted to a subscriber under the Over-Subscription Privilege than the subscriber has tendered payment for, the Subscription Agent shall remit the difference to the subscriber without interest or deduction at the same time as the direct registration account statements representing the securities allotted pursuant to the Over-Subscription Privilege are mailed. 

 

	 	
(e)
	
Funds received by the Subscription Agent pursuant to the Basic Subscription Right and the Over-Subscription Privilege shall be held by it in a segregated account. Upon mailing direct registration account statements representing the securities and refunding subscribers for additional Units subscribed for but not allocated, if any, the Subscription Agent shall promptly remit to the Company all funds received in payment of the Subscription Price for Units issued in the Rights Offering. The Subscription Agent will not be obligated to calculate or pay interest to any holder or party.

 

	
6.
	
The Company shall have the absolute right to reject any defective exercise of Rights or to waive any defect in exercise. Unless requested to do so by the Company, the Subscription Agent shall not be under any duty to give notification to holders of Rights Certificates of any defects or irregularities in subscriptions. Subscriptions will not be deemed to have been made until any such defects or irregularities have been cured or waived within such time as the Company shall determine. The Subscription Agent shall as soon as practicable return Rights Certificates with the defects or irregularities which have not been cured or waived to the holder of the Rights. If any Rights Certificate is alleged to have been lost, stolen or destroyed, the Subscription Agent should follow the same procedures followed for lost depositary receipts representing Units it uses in its capacity as transfer agent for the Company’s Units.

 

	
7.
	
If prior to 5:00 P.M., Eastern Time, on the Expiration Date the Subscription Agent receives (i) payment in full of the Subscription Price for the Units being subscribed for and (ii) a guarantee notice substantially in the form of the notice of guaranteed delivery (“Notice of Guaranteed Delivery”) delivered with the Rights Certificate, from a financial institution having an office or correspondent in the United States, or a member firm of any registered United States national securities exchange or of FINRA stating the certificate number of the Rights Certificate relating to the Rights, the name and address of the exercising subscriber, the number of Rights represented by the Rights Certificate held by such exercising subscriber, the number of Units being subscribed for pursuant to the Rights and guaranteeing the delivery to the Subscription Agent of the Rights Certificate evidencing such Rights within three (3) OTCQX trading days (“Trading Days”) following the date of the Notice of Guaranteed Delivery, then the Rights may be exercised even though the Rights Certificate was not delivered to the Subscription Agent prior to 5:00 P.M., Eastern Time, on the Expiration Date, provided that within three Trading Days following the date of the Notice of Guaranteed Delivery the Subscription Agent receive the properly completed Rights Certificate evidencing the Rights being exercised, with signatures guaranteed if required.

 

	
8.
	
The Subscription Agent shall deliver to the Company the exercised Rights Certificates in accordance with written directions received from the Company and shall deliver to the subscribers who have duly exercised Rights at their registered addresses direct registration account statements representing the securities subscribed for as instructed on the reverse side of the Rights Certificates. 

 

 

 

4

 

 

	
9.
	
The Subscription Agent shall notify the Company by telephone on an before the close of business on each Business Day during the period commencing five (5) Business Days after the mailing of the Rights and ending at the Expiration Date (and in the case of guaranteed deliveries ending three (3) Trading Days after the Expiration Date) (a “daily notice”), which notice shall thereafter be confirmed in writing, of (i) the number of Rights exercised an the day covered by such daily notice, (ii) the number of Rights subject to guaranteed exercises on the day covered by such daily notice, (iii) the number of Rights for which defective exercises have been received on the day covered by such daily notice, and (iv) the cumulative total of the information set forth in clauses (i) through (iii) above. At or before 5:00 P.M., Eastern Time, on the first Trading Day following the Expiration Date the Subscription Agent shall certify in writing to the Company the cumulative total through the Expiration Date of all the information set forth in clauses (i) through (iii) above. At or before 10:00 A.M., Eastern Time, on the fifth Trading Day following the Expiration Date the Subscription Agent will execute and deliver to the Company a certificate setting forth the number of Rights exercised pursuant to a Notice of Guaranteed Delivery and as to which Rights Certificates have been timely received. The Subscription Agent shall also maintain and update a listing of holders who have fully or partially exercised their Rights and holders who have not exercised their Rights. The Subscription Agent shall provide the Company or its designees with such information compiled by the Subscription Agent pursuant to this Section 9 as any of them shall request.

 

	
10.
	
With respect to notices or instructions to be provided by the Company hereunder, the Subscription Agent may rely and act on any written instruction signed by any one or more of the following authorized officers or directors of the Company:

 

	
Name
	
Title

	
Bradford C. Nelson
	
President of the General Partner

	
Mark W. Harding
	
Director of the General Partner

 

	
11.
	
Whether or not the Rights Offering is consummated, the Company agrees to pay the Subscription Agent for services rendered hereunder, as set forth in the schedule attached to this Agreement.

 

	
12.
	
The Subscription Agent may employ or retain such agents (including but not limited to, vendors, advisors and subcontractors) as it reasonably requires to perform its duties and obligations hereunder; may pay reasonable remuneration for all services so performed by such agents; shall not be responsible for any misconduct on the part of such agents; and in the case of counsel, may rely on the written advice or opinion of such counsel, which shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by the Subscription Agent hereunder in good faith and in accordance with such advice or opinion. Additionally, the Subscription Agent shall identify, report and deliver any unclaimed property and/or payments to all states and jurisdictions for the Company in accordance with applicable abandoned property law.

 

	
13.
	
The Company hereby covenants and agrees to indemnify, reimburse and hold the Subscription Agent and its officers, directors, employees and agents harmless against any loss, liability or reasonable expense (including legal and other fees and expenses) incurred by the Subscription Agent arising out of or in connection with entering into this Agreement or the performance of its duties hereunder, except for such losses, liabilities or expenses incurred as a result of its gross negligence, bad faith or willful misconduct. The Company shall not be liable under this indemnity with respect to any claim against the Subscription Agent unless the Company is notified of the written assertion of a claim against it, or of any action commenced against it, promptly after it shall have received any such written information as to the nature and basis of the claim; provided, however, that failure by the Subscription Agent to provide such notice shall not relieve the Company of any liability hereunder if no prejudice occurs.

 

 

 

5

 

 

In no event shall the Subscription Agent have any liability for any incidental, special, statutory, indirect or consequential damages, or for any loss of profits, revenue, data or cost of cover. 

 

All provisions regarding indemnification, liability and limits thereon shall survive the resignation or removal of the Subscription Agent or the termination of this Agreement.

 

	
14.
	
Any notice or communication by the Subscription Agent or the Company to the other is duly given if in writing and delivered in person or via first class mail (postage prepaid), or overnight air courier to the other’s address.

 

If to the Company:

Royal Hawaiian Orchards, L.P.
c/o Royal Hawaiian Resources, Inc.
390 Interlocken Crescent, Suite 350
Broomfield, Colorado 80021
Attn: Bradford C. Nelson
Tel: (303) 339-0500

 

with copy to:

Davis Graham & Stubbs LLP 
1550 Seventeenth Street, Suite 500
Denver, Colorado 80202
Attn: Wanda J. Abel 
Tel: (303) 892-7314

 

If to the Subscription Agent:

American Stock Transfer & Trust Company, LLC
6201 15th Avenue
Brooklyn, New York 11219
Attn: Corporate Actions
Tel: (718) 921.8200

 

with copy to:

American Stock Transfer & Trust Company, LLC
6201 15th Avenue
Brooklyn, New York 11219
Attn: General Counsel
Tel: (718) 921.8200

 

 

 

6

 

 

The Subscription Agent and the Company may, by notice to the other, designate additional or different addresses for subsequent notices or communications.

 

	
15.
	
If any provision of this Agreement shall be held illegal, invalid, or unenforceable by any court, this Agreement shall be construed and enforced as if such provision had not been contained herein and shall be deemed an Agreement between us to the full extent permitted by applicable law.

 

	
16.
	
This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to principles of conflicts of law, and shall inure to the benefit of and be binding upon the successors and permitted assigns of the parties hereto.

 

	
17.
	
Neither this Agreement, nor any rights or obligations hereunder, may be assigned by either party without the written consent of the other party. However, the Subscription Agent may assign this Agreement or any rights granted hereunder, in whole or in part, either to affiliates, another division, subsidiaries or in connection with its reorganization or to successors of all or a majority of the Subscription Agent’s assets or business without the prior written consent of the Company.

 

	
18.
	
No provision of this Agreement may be amended, modified or waived, except in writing signed by all of the parties hereto. This Agreement may be executed in counterparts, each of which shall be for all purposes deemed an original, but all of which together shall constitute one and the same instrument.

 

	
19.
	
Nothing herein contained shall amend, replace or supersede any agreement between the Company and the Subscription Agent to act as the Company’s transfer agent, which agreement shall remain of full force and effect.

 

 

 

[signature page follows]

 

 

7

 

 

This Subscription Agent Agreement has been executed by the parties hereto as of the date first written above.

 

 

ROYAL HAWAIIAN ORCHARDS, L.P.

 

By:     Royal Hawaiian Resources, Inc., Managing 

           General Partner

 

 

 

By: ____________________________________

Bradford C. Nelson, President 

 

 

 

Agreed & Accepted:

 

AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC

 

 

 

By: __________________________________

Name: 

Title: 

 

 

 

8

 

 

Fee Schedule

 

 

Administration fee $22,500.00

Per subscription processed $15.00

Per subscription withdrawn $10.00

Each extension to Expiration Date $3,500.00

Proration calculation (per calculation made) $2,500.00 

DTC new CUSIP eligibility fee $1,000.00 (if applicable)

Customary out-of-pocket and extraordinary expenses

 

The party below is responsible for payment of the fees:

 

	
 
	
Name: 
	
Royal Hawaiian Orchards, L.P.

	
 
	
c/o:
	
Royal Hawaiian Resources, Inc.

	
 
	
Attention:
	
Bradford C. Nelson

	
 
	
Address:
	
390 Interlocken Crescent, Suite 350

	
 
	
Address:
	
Broomfield, Colorado 80021

	
 
	
Facsimile:
	
(303) 484-2322

	
 
	
Phone:
	
(303) 339-0500

	
 
	
Email: 
	
bnelson@rhonut.com

    

The fees quoted in this schedule apply to services ordinarily rendered by American Stock Transfer & Trust Company, LLC (“AST”) as subscription agent and are subject to reasonable adjustment based on final review of documents, or when AST is called upon to undertake unusual duties or responsibilities, or as changes in law, procedures, or the cost of doing business demand. Furthermore, the fees quoted in this schedule are based upon information provided to AST and are subject to change upon modification or supplementation of such information resulting in the provision of additional services by AST. Services in addition to and not contemplated in this Agreement, including, but not limited to, document amendments and revisions, calculations, notices and reports, legal fees and unanticipated transaction costs (including charges for wire transfers, checks, internal transfers and securities transactions) will be billed as extraordinary expenses.COLLABORATION AGREEMENT

 

This Collaboration Agreement
("Agreement") is entered into effective as of March 20, 2017 (the "Effective Date") by and between Rich Pharmaceuticals,
Inc, a Nevada corporation ("RPI"), and I Tech Health Corp., a Delaware corporation ("ITech"), with reference
to the following:

 

WHEREAS, Tech owns or
controls certain assets, content, data and intellectual property related to establishing a scientific database for the identification
and classification of various strains of cannabis (the "Database Assets"), and owns 100% of W\"l\V.THCFinder.com
("THC Finder");

 

WHEREAS, RPI and ITech
desire to work together as follows: (i) RPI and ITech shall establish a Nevada corporation for the operation of the CannCodex business
(the "CannCodex Sub"); (ii) ITech shall contribute the Database Assets to CannCodex Sub; (iii) the Database Assets shall
be used for the commencement of a business to be known as "CannCodex"; (iv) RPI shall provide certain funding for the
operation of the business of the CannCodex Sub; (v) ITecb shall provide certain management resources for the operation of the CannCodex
business by the CannCodex Sub; and (vi) RPI and ITech shall each receive a 50% equity ownership interest in the CannCodex Sub and
shall share equally in the net revenues generated by the CannCodex Sub.

 

NOW, THEREFORE, in consideration
of the foregoing premises and representations, warranties, covenants and agreements contained herein, and intending to be legally
bound hereby, the parties hereto agree as follows:

 

		1.	ESTABLISHMENT OF CANNCODEX

 

Section 1.1 Contribution
and License of Database Assets. Upon the formation of the CannCodex Sub, all right, title and interest in and to the Database
Assets described on Exhibit A shall be assigned or licensed by ITech to the CannCodex Sub. ITech shall execute any and all reasonably
requested documents to further evidence such assignment and license.

 

Section 1.2 Business
Plan. IT TECH has established a business plan for the CannCodex business, which is attached hereto as Exhibit B, which shall
also be contributed by ITech to the CannCodex Sub upon the formation of the CannCodex Sub.

 

Section l .3 Management.
The day-to-day operations and management of the CannCodex Sub shall be managed by Tech.

 

Section 1.4 Funding
Commitment. RPI shall provide a funding commitment in the minimum amount of $10,000 per month to the CannCodex Sub; provided,
however, during any such period in which RPI does not have adequate cash to provide this funding then such funding shall accrue
and be paid at such time as RPI has the cash; and provided further that such funding commitment shall cease all such time as the
CannCodex Sub is generating net revenues of at least $l0,000 per month. RPI may discontinue its funding and discontinue the business
operations of

    	 	 	 

    	 	 	 

    

the CannCodex Sub after one (1) year from the
Effective Date if the CannCodex Sub is not operating at a net profit. Upon RPl's election to discontinue the operation of the
CannCodex Sub, the license agreement described on Exhibit A may be terminated.

 

Section 1.5 Net Revenue
Sharing. Both parties shall share net revenues of the CannCodex Sub as described in Exhibit C.

 

Section 1.6 Representations.
ITech represents and warrants to RPI that (i) ITech controls the right, title and ownership interest in the Database Assets; (ii)
there are no third party liens, security interests or other encumbrances on the Database Assets, nor are any third party consents
required for the assignment of the Database Assets to the CannCodex Sub; and (iii) ITech has all required company authority required
to enter into and operate under this Agreement.

 

Section 1.7 Issuance
of RPI Shares. As additional consideration for the assignment and license of the Database Assets, effective as of April 1,
2017, RPI shall issue to ITech 78,000,000 shares of RPI common stock. RPI is issuing the common stock (the "Shares”)
to ITech in reliance upon the following representations made by ITech:

 

(a)                
ITech acknowledges and agrees that the Shares are characterized as "restricted securities"
under the Securities Act of 1933 (as amended and together with the rules and regulations promulgated thereunder, the "Securities
Act”) and that, under the Securities Act and applicable regulations thereunder, such Shares may not be resold, pledged or
otherwise transferred without registration under the Securities Act or an exemption therefrom. ITech acknowledges and agrees that
(i) the Shares are being offered in a transaction not involving any public offering in the United States within the meaning of
the Securities Act, and the shares of Common Stock have not yet been registered under the Securities Act, and (ii) the Shares may
be offered, resold, pledged or otherwise transferred only in a transaction registered under the Securities Act, or meeting the
requirements of Rule 144, or in accordance with another exemption from the registration requirements of the Securities Act (and
based upon an opinion of counsel if RPI so requests) and in accordance with any applicable securities laws of any State of the
United States or any other applicable jurisdiction.

 

(b)               
ITech acknowledges and agrees that (i) the registrar or transfer agent for the shares of Common
Stock will not be required to accept for registration of transfer any shares except upon presentation of evidence satisfactory
to RPI that the restrictions on transfer under the Securities Act have been complied with, and (ii) any shares of Common Stock
in the form of definitive physical certificates will bear a restrictive legend.

 

(c)                
ITech acknowledges and agrees that: (a) the Shares are being issued in reliance upon federal
and state exemptions for transactions not involving any public offering; (b) ITech is acquiring the Shares solely for its own account
for investment purposes, and not with a view to the distribution thereof in a transaction that would violate the Securities Act
or the securities Jaws of any State of the United States or any other applicable jurisdiction; (c) Tech is a sophisticated purchaser
with such knowledge and experience in business and financial matters that it is capable of evaluating the merits and risks of receiving
the Shares; (d) ITech has had the

    	 	2	 

    	 	 	 

    

opportunity to obtain from RPI such information
as desired in order to evaluate the merits and the risks inherent in holding the Shares; (e) ITech is able to bear the economic
risk and Jack of liquidity inherent in holding the Shares; (t) TTech is an "accredited investor" within the meaning of
Rule 501(a) under the Securities Act; and (g) Tech either has a pre-existing personal or business relationship with RPI or its
officers, directors or controlling persons, or by reason of ITech's business or financial experience, or the business or financial
experience of their professional advisors who are unaffiliated with and who are not compensated by RPI, directly or indirectly,
have the capacity to protect their own interests in connection with the purchase of the Shares.

 

(d)               
ITech's principal place of business is in the State of California.

 

II. INDEMNIFICATION; LIMITATION OF LIABILITY

 

Section 2. 1Indemnification
bv RPI.RPI shall defend, indemnify, insure and hold harmless Tech for all costs, expenses, losses, claims, suits and liability
(including court costs and attorneys' fees with respect to any tribunal) incurred by ITech with respect to any claim including,
but not limited to, loss of or damage to property, or personal injury, including death to persons, and from all judgments recovered
therefore which result in any manner from: (i) RPl's negligent or willful acts, errors or omissions or the negligent or willful
acts, errors or omissions of RPT's employees, agents or personnel, or (ii) any breach of this Agreement by RPI.

 

Section 2.2 Indemnification
by ITech. ITech shall defend, indemnify, insure and hold harmless RPI for all costs. expenses, losses, claims, suits and liability
(including court costs and attorneys' fees with respect to any tribunal) incurred by RPI with respect to any claim including, but
not limited to, loss of or damage to property, or personal injury, including death to persons, and from all judgments recovered
therefore which result in any manner from: (i) ITech's negligent or willful acts, errors or omissions or the negligent or willful
acts, errors or omissions of ITech's employees, agents or personnel, or (ii) any breach of this Agreement by ITech.

 

Section 2.3 Limitation
of Liability. NO PARTY SHALL BE LIABLE TO THE OTHER FOR ANY INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER INDIRECT DAMAGES, INCLUDING
LOSS OF PROFIT, REVENUES OR GOODWILL, OR FOR PUNITIVE OR EXEMPLARY DAMAGES, REGARDLESS OF WHETHER THE PARTIES KNEW, OR SHOULD HAVE
KNOWN, THAT SUCH DAMAGES WERE POSSIBLE. THE MAXIMUM LIABILITY OF EACH PARTY UNDER THIS AGREEMENT AND WITH RESPECT TO THE CANNCODEX
SUB SHALL BE LIMITED TO THE AMOUNT OF COMPENSATION RECEIVED BY SUCH PARTY UNDER THE TERMS OF THIS AGREEMENT AND FROM CANNCODEX
SUB

 

III. GENERAL PROVISIONS

 

Section 3.1 Notices.
All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery
to the party to be notified, (b) when sent by confirmed electronic mail, telex 01 facsimile if sent during normal business hours
of the recipient, if not, then on the next business day, (c) five (5) days after having been sent by registered or certified mail,
return receipt requested, postage prepaid, or (d) one (I) day after

    	 	3	 

    	 	 	 

    

deposit with a nationally recognized overnight
courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to each party at
its respective address as set forth on the first page hereof or at such other address or electronic mail address as either party
may designate to the other party hereto.

 

Section 3.2 Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada without regard to
its conflict of law provisions.

 

Section 3.3 Attorneys
Fees. If any action is necessary to enforce the terms of this Agreement, the substantially prevailing party will be entitled
to reasonable attorneys' fees, costs and expenses, including on appeal, in addition to any other relief to which such prevailing
party may be entitled.

 

Section 3.4 Counterparts.
This Agreement may be executed in any nun1ber of counterparts and delivered by facsimile or electronic/PDF transmission, each of
which shall be an original and all of which shall constitute together but one and the same document.

 

Section 3.5 Further
Action. The parties hereto shall execute and deliver all documents, provide all information and take or forbear from all such
action as may be necessary or appropriate to achieve the purposes of this Agreement.

 

Section 3.6 Severability.
If any provision of this Agreement or the application thereof is held invalid or unenforceable, the invalidity or unenforceability
thereof shall not affect any other provisions or applications of this Agreement which can be given effect without the invalid or
unenforceable provision or application. To that end, the provisions of this Agreement are to be severable.

 

Section 3.7 Taxes.
Each party is responsible for the payment of any and all taxes, of whatever type, including, but not limited to, income, sales,
use and personal property taxes that relate to the revenue or compensation received by such party pursuant to this Agreement, the
Screens and the matters contemplated by this Agreement.

 

Section 3. 8 Assignment
Except as otherwise specifically set forth herein, neither party to this Agreement may transfer or assign this Agreement without
the prior written consent of the other parties. Notwithstanding the foregoing, the parties agree and acknowledge that either party
may delegate some or all of its obligations under this Agreement to other persons. Either party may assign this Agreement to a
successor in interest resulting from a merger, sale of all or substantially all of the assets of the party, stock sale or a similar
transaction, without the prior written consent of the other party.

 

Section 3.9 Force Majeure.
Neither party hereto shall be liable for its failure to perform hereunder due to contingencies beyond its reasonable control including
but not limited to strikes, riots, fires, acts of God, or governmental laws, regulations, orders or actions.

 

Section 3.10 Independent
Contractor. The parties expressly intend and agree that each party is acting as an independent contractor of the other party.
Nothing contained in this Agreement shall be deemed to create a partnership, joint venture or agency relationship between

the parties, nor does it grant either party
any authority to assume or create any obligation on behalf of or in the name of the other.

 

Section 3.1 1 Entire
Agreement; Modification. This Agreement, together with the Exhibits hereto, constitutes the entire understanding between the
parties relating to the subject matter hereof. This Agreement may not be amended or modified, except in a writing signed by all
parties hereto.

 

Section 3.12 Waiver.
Failure of either party at any time to require performance of any provision of this Agreement shall not limit the party's right
to enforce the provision, nor shall any waiver of any breach of any provision be a waiver of any succeeding breach of any provision
or a waiver of the provision itself for any other provision.

 

Section 3.13 Public
Announcements. The parties shall consult with each other before issuing any press release or otherwise making any public statements
with respect to this Agreement or the subject matter or performance hereof, and shall not issue any other press release or make
any other public statement relating to the party without their prior written consent, except as may be required by law or the public
reporting requirements of RPI.

 

IN WITNESS WHEREOF, each of the parties has
caused this Agreement to be signed by their respective officers hereunto duly authorized, all as of the date first written above.

 

	
        Rich Pharmaceuticals, Inc.

         

         

        By: /s/ Ben Chang

        Ben Chang, CEO
	
        ITech Health Corp.

         

         

        By: /s/ Marcus Laun

        Marcus Laun, CEO

 

 

[Signature Page to Collaboration Agreement Dated
March 20,2017)

    	 	4	 

    	 	 	 

    

Exhibit A

List of Database Assets

 

 

ITech will grant to the CannCodex Sub a perpetual,
royalty free, worldwide license, with right of sublicense, of the contributed user data created through the forums at THC Finder.
These records number in the neighborhood of 80,000 user experiences. The form of license agreement shall be as mutually agreed
upon between ITech and RPI.

 

As this database grows at THC Finder, THC Finder
will from time to time give the most recent transactions to the CaimCodex Sub.

 

ITech shall cause THC Finder to cooperate with
the CannCodex Sub to enhance its data gathering methodology for the benefit of the CannCodex Sub.

 

The URL www.canncodcx.com shall be assigned
to the CannCodex Sub.

    	 	5	 

    	 	 	 

    

Exhibit B

Business Plan

 

CannCodex was created to accumulate, manage,
analyze and resell the data that is now being developed in the Cannabis industry. The data is coming from lab testing of the thousands
of products, strains, and batches of THC and CBD products offered in the medicinal marijuana industry. Further data is being created
across forums, apps and websites.

 

The purpose of the database is to codify and
store the data that is being created and warehouse it in a structure that meets the standards of the scientific and medical community.

 

Currently the data that is being created is
being held as trade secret - CannCodex will explore working with the established organizations in the industry to standardize testing
methods - to facilitate the matching of products and batches with the user experience.

 

CannCodex intends to receive and re-package
information about testing, strains and benefits of products in the THC space.

 

The first project is to license a database
of research in the Cannabis industry and will bring a rigorous scientific process to a growing industry and field of exploration.

 

This database includes usage patterns and experience
from thousands of patients that have been exploring the use of cannabis for a variety of ailments. CannCodex intends intend to
add scientific; process and rigor to this legacy data as well as partner with analytical labs around the world to register and
track the components of all of the strains of cannabis that have medicinal merit.

 

This data will be used to ensure that end users
are receiving the products that are ideal for their condition, as well as to support the clinical process in the medical community
that will be required for any defensible scientific research. RPI will also be creating products and services for the manufacturers
and growers that need the ability to ensure authenticity of their products as they move into the market.

 

The initial contribution of THC Finder's user
database will provide the foundation of the research -and it will grow from there.

 

Additionally, CannCodex will provide advisory
services to Medicinal Cannabis product producers allowing them to understand the complexities and process of the Clinical product
licensing process. CannCodex will utilize the combined resources of THC Finder, CannCodex and Rich Pharmaceuticals, Inc.

    	 	6	 

    	 	 	 

    

Exhibit C

Revenue Sharing Payments

 

 

Revenue Sharing Payments. Each of RPI
and ITech shall share the amount equal to 50% of the Net Revenues collected (the "NetRevenue Paymmts") by the CannCodex
Sub. "Net Revenues" shall be defined as (i) all revenues received by The CannCodex Sub; less (ii) all operational costs
of the Cam1Codex Sub; less (iii) all accumulated costs and losses of the CannCodex Sub; less (iv) the accumulated amount of all
funding provided by RPI to the CannCodex Sub.

 

Pavments. All Net Revenue Payments shall
be paid by the CannCodex Sub to RPI and ITech in the form of distributions arrears on a monthly basis within thirty (30) days of
the end of each calendar month in which such Net Revenue is collected by the CannCodex Sub.

    	 	7

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