Document:

EX-10.12

 Exhibit 10.12 

EXECUTION COPY – FOUNDERS 
 COLUMBIA CARE
INC. 
 RESTRICTED STOCK UNIT AWARD NOTICE 

April 26, 2019 
 Participant: Michael
Abbott 
 Tier 1 – Time Vested Award: 

Number of Shares covered by the Tier 1 Award: 870,6911 

Tier 2 – Performance Vested Award: 

Number of Shares covered by the Tier 2 Award: 1,741,3822 

Vesting Start Date: 
 Tier 1 Award:
October 26, 2018 (“Grant Date”) 
 Tier 2 Award: April 29, 2019, the first day the Shares are publicly traded on a
national securities exchange (“Initial Trading Date”) 
 This award (“Award”) is granted by Columbia Care Inc., a company
existing under the Business Corporations Act (British Columbia) (the “Company”), to the Participant pursuant to this Restricted Stock Unit Award Notice (the “Award Notice”) and the attached Restricted Stock Unit
Award Agreement (the “Award Agreement”). 
 Vesting Schedule: 

Tier 1 – Time Vested Award: 25% of the Tier 1 Award shall vest on each of the first four anniversaries of the Grant Date, provided
the Participant is continuously employed with the Company and its Affiliates from the Grant Date through such date. In the event the Participant’s employment with the Company and its Affiliates is terminated by the Company without Cause, by the
Company as a result of the Participant’s Disability, by the Participant for Good Reason, or because of the Participant’s death, the entire Tier 1 Award which has not yet vested shall immediately vest, subject to the terms of the Award
Agreement. In the event the Participant’s employment with the Company and its Affiliates is terminated for Cause, the entirety of the Tier 1 Award shall be forfeited. In the event the Participant’s employment with the Company and its
Affiliates is terminated for any other reason, including resignation without Good Reason, the portion of the Tier 1 Award which has not yet vested shall be immediately forfeited and all of the Participant’s rights hereunder with respect to such
unvested Tier 1 Award shall terminate as of such date (and the Participant may retain the vested portion of the Tier 1 Award, subject to the terms of the Award Agreement). 
  

 

	1	 Shares issuable upon settlement of this Award are not counted towards the share pool reserved under the
Columbia Care Inc. Omnibus Long-Term Incentive Plan. 

	2	 Shares issuable upon settlement of this Award are not counted towards the share pool reserved under the
Columbia Care Inc. Omnibus Long-Term Incentive Plan. 

					
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 Tier 2 – Performance Vested Award: The Tier 2 Award shall vest only if the Shares
achieve a compound annual Total Shareholder Return (“TSR”), as defined in the Award Agreement, of 15% over a period of years following the Initial Trading Date: (i) 50% of the Tier 2 Award will be eligible to vest only if the
Company achieves a 15% compound annual TSR goal for the three-year period ending on the third anniversary of the Initial Trading Date, and (ii) 50% of the Tier 2 Award will be eligible to vest only if the Company achieves a 15% compound annual TSR
goal for the five-year period ending on the fifth anniversary of the Initial Trading Date, provided in each case, the Participant remains continuously employed with the Company and its Affiliates from the Grant Date through such anniversary;
provided further, that if the Participant’s employment with the Company and its Affiliates is terminated prior to such fifth anniversary by the Company as a result of the Participant’s Disability or by the Participant’s death, the
Participant will remain eligible to earn a vested interest in the Tier 2 Award as of the remaining anniversaries (i.e., through the fifth anniversary) only if the Company achieves the TSR goal for the period ending on such anniversary (i.e., if
employment is terminated by the Company as a result of the Participant’s Disability or by the Participant’s death prior to the third anniversary of the Initial Trading Date, the Participant shall be eligible to vest in 50% of the Tier 2
Award if the Company achieves the TSR goal as of the third anniversary of the Initial Trading Date, and will be eligible to vest in 50% if the Company achieves the TSR goal as of the fifth anniversary of the Initial Trading Date); provided further,
that if the Participant’s employment with the Company and its Affiliates is involuntarily terminated by the Company without Cause or the Participant resigns for Good Reason prior to such third anniversary or fifth anniversary, the Participant
will remain eligible to earn a fraction of the Tier 2 Award as of the remaining anniversaries (i.e., through the fifth anniversary) only if the Company achieves the TSR goal for such remaining period(s) (i.e., if employment is terminated by the
Company without Cause or the Participant resigns for Good Reason prior to the third anniversary of the Initial Trading Date, the Participant shall be eligible to vest both in a fraction of 50% of the Tier 2 Award if the Company achieves the TSR goal
as of the third anniversary, and in a fraction of the 50% of the Tier 2 Award if the Company achieves the TSR goal as of the fifth anniversary), where the numerator of the fraction is the number of full calendar months of service completed by the
Participant from the Initial Trading Date to the date of termination of employment and the denominator of the fraction shall be sixty (60). If the first 50% of the Tier 2 Award does not vest at the end of the third anniversary of the Initial Trading
Date, such amount shall remain eligible to vest as of the end of the fifth anniversary of the Initial Trading Date, provided the Participant remains continuously employed with the Company and its Affiliates through such anniversary (or the
Participant’s employment with the Company and its Affiliates terminates after the third anniversary but prior to the fifth anniversary as a result of the Participant’s death, termination by the Company without Cause, termination by the
Company as a result of the Participant’s Disability, or resignation by the Participant for Good Reason). 
 If a Participant’s employment
terminates at a time when grounds exist for a termination for Cause, the Participant’s employment shall be considered to have terminated for Cause. 

					
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 Payment Schedule: Assuming a portion of the Tier 1 Award or Tier 2 Award vests, the Company shall
deliver the Shares in settlement of such vested Award within 60 days of the vesting date. Delivery of the Shares shall be contingent on Participant’s satisfaction of withholding tax requirements, compliance with any applicable securities laws,
and compliance with the Award Agreement, including the restrictive covenants and, with respect to any Awards that vest as a result of a termination by the Company without Cause, a termination by the Company as a result of the Participant’s
Disability, or a resignation by the Participant for Good Reason, the execution of a general release. 
 Capitalized terms used in this Award Notice and not
otherwise defined herein will have the meaning ascribed to such terms in the Award Agreement. 
 THE AWARD AGREEMENT INCLUDES RESTRICTIVE COVENANTS,
INCLUDING A POST-EMPLOYMENT NON-COMPETE. PARTICIPANT’S SIGNATURE BELOW EVIDENCES THE PARTICIPANT’S AGREEMENT TO ABIDE BY THE TERMS OF SUCH RESTRICTIVE COVENANTS. 

[Signature Page Follows] 

					
	EXECUTION COPY – FOUNDERS	  		  	

  

 The undersigned Participant acknowledges receipt of this Award Notice and the Award
Agreement, and, as an express condition to the grant of the Award hereunder, agrees to be bound by the terms of this Award Notice and the Award Agreement. 
  

	
	Participant
	
	 /s/ Michael Abbott

	Name: Michael Abbott
	Address: [***]

 Acknowledged and Agreed: 

COLUMBIA CARE INC. 
  

			
	By:	 	 /s/ James A.C. Kennedy

		 	James A.C. Kennedy
		 	Chair, Compensation Committee

					
	EXECUTION COPY – FOUNDERS	  		  	

  

 RESTRICTED STOCK UNIT AWARD AGREEMENT 

Columbia Care Inc. 

Appendix A to the Restricted Stock Unit Award Notice 

This Restricted Stock Unit Award Agreement, effective as of the Grant Date (as defined in the Award Notice), is between Columbia Care Inc., a
company existing under the Business Corporations Act (British Columbia) (the “Company”), and the Participant (as defined below). 

NOW, THEREFORE, the parties hereto agree as follows: 

1. Definitions. The following terms shall have the following meanings for purposes of this Agreement: 

(a) “Affiliate” means (i) any Person or entity that directly or indirectly controls, is controlled by or is under common
control with the Company, and/or (ii) to the extent provided by the Committee, any person or entity in which the Company has a significant interest. 

(b) “Agreement” means this Restricted Stock Unit Award Agreement and the attached Award Notice which is incorporated herein.

 (c) “Award” means the “Award” as defined in the Award Notice. 

(d) “Award Notice” shall mean the Restricted Stock Unit Award Notice attached hereto which is incorporated into this
Restricted Stock Unit Award Agreement. 
 (e) “Board” means the board of directors of the Company or any successor thereto.

 (f) “Cause” means (i) “Cause” as defined in any employment agreement or offer letter entered into with the
Company or an Affiliate (including, without limitation, that certain employment agreement between the Participant and Columbia Care LLC dated as of April 26, 2019) which remains in effect at the time of termination, or (ii) if none of such
agreements contain a definition of “cause” or no such agreement exists or remains in effect, a good faith determination of the Committee or its designee that the Participant’s act or failure to act constitutes: (A) engaging in
illegal conduct that was or is materially injurious to the Company or its Affiliates; (B) violating a federal or state law or regulation applicable to the business of the Company or its Affiliates which violation was or is reasonably likely to
be injurious to the Company or an Affiliate, except for any violation of the Controlled Substances Act arising from the Company’s and/or its Affiliate’s cultivation and distribution of marijuana; (C) materially breaching the material
terms of this Award Agreement, including Exhibit A, and/or any employment agreement, nondisclosure agreement, restrictive covenant agreement, confidentiality agreement or invention assignment agreement between Participant and the Company or an
Affiliate; (D) commission of a felony or commission of any act of moral turpitude or the misappropriation of material property belonging to the Company or its Affiliates; (E) engaging in any act that constitutes material misconduct, theft,
fraud, embezzlement, misrepresentation, conflict of interest, or breach of fiduciary obligations or 

					
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duty of loyalty to the Company or an Affiliate; (F) gross negligence, or Participant’s willful failure to follow lawful directions of the Board or Chief Executive Officer, other than
due to illness or incapacity; (G) unauthorized use or disclosure of proprietary information of the Company or any Affiliate, which use or disclosure causes material harm to the Company or an Affiliate; or (H) a material violation of any
material policies of the Company or any Affiliate; provided that, with respect to subpart (H), Participant must be provided with written notice of Participant’s termination for Cause (including an explanation of the basis for Cause) and be
provided with a thirty (30) day period following Participant’s receipt of such notice to cure the event(s) that trigger Cause. The Chief Executive Officer of the Company and/or the Committee shall make the final determination in good faith
as to whether the Employee has cured the existence of Cause. 
 (g) “Change in Control” means (A) the merger,
consolidation or reorganization of the Company with any other company (or the issuance by the Company of its voting securities as consideration in a merger, consolidation or reorganization of a subsidiary with any other company) unless, immediately
following such a merger, consolidation or reorganization the voting securities of the Company outstanding immediately prior thereto continue to represent (either by remaining outstanding or by being converted into voting securities of the other
entity) at least fifty percent (50%) of the combined voting power of the voting securities of the Company or such other entity outstanding immediately after such merger, consolidation or reorganization; (B) the consummation by the Company of a
plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all of its assets (including through the sale or other disposition of the equity of one or more subsidiaries of the
Company), unless, immediately following such a sale or liquidation persons who owned the voting securities of the Company outstanding immediately prior thereto represent, on substantially the same proportions, at least fifty percent (50%) of the
combined voting power of the voting securities of the entity which owns the Company’s assets immediately after such liquidation or sale; or (C) any “person,” as such term is used in Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, as amended (other than the Company, any trustee or other fiduciary holding the Company’s securities under any employee benefit plan of the Company, or any company owned, directly or indirectly, by the stockholders of the
Company in substantially the same proportions as their ownership of Shares), becoming the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934), directly or indirectly, of
securities of the Company representing more than 50% of the combined voting power of the Company’s then outstanding securities or otherwise acquiring the power to elect or designate a majority of the members of the board of directors of the
Company. Notwithstanding the foregoing, a Change in Control will not accelerate the payment of any “deferred compensation” (as defined under Code Section 409A) unless the Change in Control also qualifies as a change in control under
Treasury Regulation 1.409A-3(i)(5). 
 (h) “Code” means the Internal Revenue Code of
1986, as amended, or any successor thereto. Any reference to any section of the Code shall also be a reference to any successor provision and any Treasury Regulation promulgated thereunder. 

(i) “Committee” means the Compensation Committee of the Board or subcommittee thereof or, if no such Compensation Committee or
subcommittee thereof exists, the Board. 

  
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	EXECUTION COPY – FOUNDERS	  		  	Appendix A - 3

  

 (j) “Company” means Columbia Care Inc., a company existing under the
Business Corporations Act (British Columbia), and any successor thereto. 
 (k) “ “Disability” means (i)
“Disability” as defined in any employment agreement or offer letter entered into with the Company or an Affiliate which remains in effect at the time of termination, or (ii) if none such agreement contains a definition of
“disability” or no such agreement exists or remains in effect, the Committee has determined in its sole discretion that the Participant has a medically determinable physical or mental impairment which can be expected to result in death or
last for a continuous period of not less than 12 months, for which the Participant is entitled to receive income replacement benefits for more than six months under a long-term disability plan of the Company or an Affiliate in which the Participant
participates, or, in the absence of such a plan, under Social Security. 
 (l) “Fair Market Value” means the Fair Market
Value of a Share or other security on any given date, as determined in good faith by the Board. 
 (m) “Good Reason” means
(i) “Good Reason” as defined in any employment or offer letter entered into with the Company or an Affiliate that remains in effect as of termination, or (ii) if no such agreements contain a definition of “Good Reason” or no
such agreement exists or is in effect, a Participant will have Good Reason to terminate his or her employment, if without his or her consent, the Company: (A) requires the Participant to report to someone other than the Board (provided that
Good Reason shall not be deemed to occur if the Company or its subsidiary, Columbia Care LLC, a Delaware limited liability company (“CC-DE”), becomes the subsidiary of another company with
other material business operations, the operations of the Company or CC-DE are not materially modified, and the Participant is required to report to the principal executive officer of the ultimate parent
company), (B) the Board fails to nominate the Participant for reelection to the Board or removes the Participant from the Board for reasons other than Cause, or (C) has assigned the Participant a new title which is a material adverse diminution
in the Participant’s title; provided that a Participant shall not have Good Reason, unless and until: (1) the Participant has delivered to the Company within fifteen (15) days of the event(s) giving rise to such alleged Good Reason a
written notice (i) signed by the Participant, (ii) setting forth the Participant’s intention to terminate his or her employment for Good Reason, (iii) indicating the specific termination provision(s) relied upon, and
(iv) setting forth in reasonable detail the facts and circumstances claimed to provide a basis for Good Reason; (2) the Company is given fifteen (15) days in which to investigate the allegations made by the Participant
(“Investigation Period”), provided that during such Investigation Period the Company, at its sole election, may suspend the Participant’s employment with pay; (3) the Company has failed to cure the alleged failure within
thirty (30) days following the expiration of the Investigation Period; and (4) the Participant has terminated employment within fifteen (15) days following the Company’s deadline for curing the alleged failure. The notice shall
be provided by hand delivery, or registered or certified mail, return receipt requested, postage prepaid, to the address of the principal office of the Company, attention: General Counsel. 

(n) “Initial Trading Date” means the Initial Trading Date as defined in the Award Notice. 

(o) “Participant” shall mean the “Participant” set forth in the Award Notice. 

  
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	EXECUTION COPY – FOUNDERS	  		  	Appendix A - 4

  

 (p) “Person” means any individual, entity or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934 or any successor provision). 
 (q) “Shares” means
the common equity issued by the Company which become publicly traded on a national securities exchange. 
 (r) “Total Shareholder
Return” or (“TSR”) means the compound annual increase in value (if any) of a Share from the Initial Trading Date to the date of determining the Total Shareholder Return (i.e., the third or fifth anniversary of the Initial
Trading Date, or if earlier, the date of the consummation of a Change in Control). For purposes of measuring such increase in value (if any), the initial value of a Share shall be equal to the
twenty-trading-day average closing price beginning on the Initial Trading Date, and the final value shall be equal to the twenty-trading-day average closing price ending
on the valuation date (i.e., the third or fifth anniversary of the Initial Trading Date, or if earlier, the date of a Change in Control). 

2. Grant of Award. 
 (a)
Effective as of the Grant Date, the Company hereby grants to the Participant the right to receive Shares to the extent the Award vests and the Participant is in compliance with the terms of this Agreement. 

(b) As a result of the Award, the Participant shall not be deemed to be a shareholder of, or to have any of the rights and privileges of a
shareholder of, the Company (including the right to vote or receive distributions) unless and until the Participant shall have been issued Shares pursuant to this Agreement. 

3. Termination of Employment. 

(a) The Participant’s rights with respect to the Award shall not be affected by any change in the nature of the Participant’s
employment so long as the Participant continues to be an employee of the Company or any of its Affiliates. Whether (and the circumstances under which) employment has been terminated and the determination of the termination date for the purposes of
this Agreement shall be determined by the Committee, or its designee, whose good faith determination shall be final, binding and conclusive; provided, that such designee may not make any such determination with respect to the designee’s
own employment for purposes of the Award. 
 (b) Unless determined otherwise by the Committee at any point following such event, or required
for compliance with Code Section 409A: (i) neither a temporary absence from employment or service due to illness, vacation or leave of absence (including, without limitation, a call to active duty for military service through a Reserve or
National Guard unit) nor a transfer from employment or service with one Affiliate to employment or service with another Affiliate shall be considered a termination of employment; and (ii) if a Participant undergoes a termination of employment,
but such Participant continues to provide services to the Company and its Affiliates in a non-employee capacity, such change in status shall not be considered a termination for purposes of the Award. Further,
unless otherwise determined by the Committee, in the event that the Participant is employed by an Affiliate which ceases to be an Affiliate (by reason of sale, divestiture, spin-off, or other similar
transaction), unless Participant’s employment or service is transferred to another entity that would constitute an Affiliate immediately following such transaction, the Participant shall be deemed to have suffered a termination of employment as
of the date of the consummation of such transaction. 

  
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	EXECUTION COPY – FOUNDERS	  		  	Appendix A - 5

  

 (c) To the extent any payment of a Tier 1 or Tier 2 Award is triggered by a termination of
employment, such payment shall not be made unless and until the Participant has had a “Separation from Service” as defined by Code Section 409A. In addition, if a payment is triggered by a Separation from Service and the Participant
is a “Specified Employee” under Code Section 409A, such payment shall be delayed for six months following such Separation from Service to the extent required to comply with Code Section 409A. 

(d) To the extent the vesting of any portion of an Award is accelerated as a result of a termination by the Company without Cause, a
resignation by the Participant for Good Reason, a termination by the Company as a result of the Participant’s Disability, or the Participant’s death the additional vesting is conditioned upon the Participant (or Participant’s executor
or legal representative) executing a general release in a form approved by the Committee (which will include Participant’s affirmation of compliance with, and agreement to continue to abide by, the NDA in Section 6 and Exhibit A hereto)
and such general release becoming effective and irrevocable within sixty (60) days of the Participant’s termination of employment. 

4. Change in Control. 
 (a)
Tier 1 Award. A Participant’s Tier 1 Award shall fully vest if all of the following events happen: (i) the Participant remains continuously employed by the Company or its Affiliates from the Grant Date through the consummation of a
Change in Control, and (ii) the Participant’s employment with the Company and its Affiliates is terminated by the Company without Cause, by the Company as a result of the Participant’s Disability, by the Participant for Good Reason or
by the Participant’s death, prior to the applicable vesting date. 
 (b) Tier 2 Award. If the Participant remains continuously
employed by the Company or its Affiliates from the Grant Date through the consummation of a Change in Control, and 
 (i)
such Change in Control is consummated prior to the third anniversary of the Initial Trading Date, the Participant will vest in (A) fifty percent (50%) of the Tier 2 Award only if the Company has achieved a fifteen percent (15%) compound
annual Total Shareholder Return goal for the period from the Initial Trading Date to the consummation of the Change in Control (provided that, if the Change in Control is consummated prior to the first anniversary of the Initial Trading Date, the
Company has achieved at least a 15% Total Shareholder Return, not annualized, through the consummation of the Change in Control), and (B) an additional fifty percent (50%) of the Tier 2 Award only if the Company has achieved a Total
Shareholder Return (not annualized but using the initial value and final value of the Shares as set forth in the definition of Total Shareholder Return) from the Initial Trading Date to the Change in Control equal to or greater than one hundred and
one percent (101%) (i.e., the compound annual Total Shareholder Return goal for the period from the Initial Trading Date to the fifth anniversary thereof), provided that the Participant remains continuously employed with the Company

  
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	EXECUTION COPY – FOUNDERS	  		  	Appendix A - 6

  

 
or its Affiliates through the applicable anniversary (i.e., the third anniversary of the Initial Trading Date under clause (A) or the fifth anniversary under clause (B)), or the
Participant’s employment with the Company and its Affiliates is terminated by the Company without Cause, by the Participant for Good Reason, by the Company as a result of the Participant’s Disability or by death of the Participant prior to
the applicable anniversary; or 
 (ii) such Change in Control is consummated after the third anniversary of the Initial
Trading Date and prior to the fifth anniversary of the Initial Trading Date, the Participant will vest in the amount of the Tier 2 Award which otherwise would have been eligible to vest as of the fifth anniversary of the Initial Trading Date only
if (A) the Company has achieved a fifteen percent (15%) compound annual Total Shareholder Return goal for the period from the Initial Trading Date to the consummation of the Change in Control, and (B) (1) the Participant remains
continuously employed with the Company or its Affiliates through the fifth anniversary of the Initial Trading Date, or (2) the Participant’s employment with the Company and its Affiliates is terminated by the Company without Cause, by the
Participant for Good Reason, by the Company as a result of the Participant’s Disability, or by the Participant’s death prior to the fifth anniversary of the Initial Trading Date. 

5. Discretionary Vesting. The Committee may, in its discretion, elect to award a Participant with additional vesting credit for
any outstanding Award upon a Change in Control, without regard to whether or not the Participant experiences a termination of employment. 

6. Restrictive Covenants. 

(a) Employee understands that the Company has spent considerable time, effort and expense developing proprietary information and has taken
reasonable measures to protect its secrecy. Therefore, in consideration for the Award, Participant shall execute the Non-Competition, Non-Solicitation and Non-Disclosure (the “NDA”), which is attached hereto as Exhibit A and incorporated by reference herein. The NDA is intended to survive and does survive the termination or expiration of this Award
Agreement. The obligations, duties and liabilities of the Participant pursuant to Exhibit A of this Award Agreement are continuing, absolute and unconditional, and shall remain in full force and effect, despite any termination of this Award
Agreement for any reason whatsoever, with or without Cause. 
 (b) Participant has carefully read and considers the NDA and this
Section 6 to be fair, reasonable and reasonably required for the protection of the interests of the Company. These provisions may be waived only by a written amendment signed by the parties. In the event Participant breaches any of the
covenants in the NDA, Participant shall be treated as if their employment with the Company and its Affiliates was terminated for Cause and be subject to the repayment and clawback provisions in Section 7 of the Award Agreement. 

(c) Participant and the Company: (i) intend that the provisions of Exhibit A be and become valid and enforceable; (ii) acknowledge
and agree that the provisions of Exhibit A are reasonably necessary to protect the legitimate interests, business and good will of the Company; and (iii) that any violation of Exhibit A will result in immediate, substantial and irreparable
injury 

  
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	EXECUTION COPY – FOUNDERS	  		  	Appendix A - 7

  

 
to the business and goodwill of the Company for which there exists no adequate remedy at law. Accordingly, Participant agrees that if he violates any of the provisions of Exhibit A, then, in
addition to any other remedy available at law or in equity, the Company shall be entitled to an injunction restraining such breach, without the requirement of demonstrating irreparable injury or of posting a bond, as well as liquidated damages,
including, but not limited to, any and all money(ies), benefits or payment(s) earned by the Participant during the period of the breach. Participant understands and agrees that the foregoing relief is without notice to Participant and without the
necessity of proving actual damages. In the event that either party breaches any portion of this Agreement, the prevailing party in an action to enforce or interpret this Agreement may recover from the other party reasonable attorneys’ fees and
costs incurred in that subsequent action or proceeding, in addition to all other relief to which the prevailing party may be entitled. Employee agrees that the provisions of Section 15 below shall not apply to proceedings brought by the Company
to obtain the equitable relief authorized under this Section 6, which proceedings the Company shall be free to institute in any court of competent jurisdiction within or outside of the State of New York and, to the extent permitted by
applicable law, shall be governed by the law of the State of New York without regard to its conflict of law principles. 
 7.
Repayment of Proceeds; Clawback Policy. If the Committee in its sole discretion determines within three (3) years after the date any portion of the Award vests that grounds existed to terminate the Participant for Cause prior to such
vesting, or the Participant violated the restrictive covenants in Section 6 and Exhibit A, then the Participant shall be required, in addition to any other remedy available (on a non-exclusive basis), to
deliver to the Company, within 10 business days of the Committee’s request to Participant therefor, the Company Shares (or other consideration) which the Participant received under this Agreement. Any reference in this Agreement to grounds
existing for a termination of employment with Cause, including a breach of the restrictive covenants in Section 6 and Exhibit A, shall be determined without regard to any notice period, cure period, or other procedural delay or event required
prior to finding of or termination with, Cause. The Restricted Stock Unit Award and all Shares (or other consideration) received hereunder also shall be subject to the Company’s Clawback Policy, as in effect from time to time. 

8. No Right to Continued Employment. Neither this Agreement nor the Participant’s receipt of the Award shall impose any obligation
on the Company or any Affiliate to continue the employment or engagement of the Participant. Further, the Company or any Affiliate (as applicable) may at any time terminate the employment or engagement of such Participant, free from any liability or
claim under this Agreement, except as otherwise expressly provided herein. 
 9. Changes in Capital Structure and Similar Events. In
the event of (i) any distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation,
split-up, split-off, spin-off, combination, repurchase or exchange of Shares, issuance of warrants or other rights to acquire
Shares or other securities of the Company, or other similar corporate transaction or event (including, without limitation, a Change in Control) that affects the Shares, or (ii) unusual or nonrecurring events (including, without limitation, a
Change in Control) affecting the Company, or the financial statements of the Company, or changes in applicable rules, rulings, regulations or other requirements of any governmental body or securities exchange or inter-dealer quotation system,
accounting principles or law, such that in either case an adjustment is determined by the Committee in its sole discretion to be necessary or appropriate, then the Committee shall make any such adjustments in such manner as it may deem equitable,
including without limitation, any or all of the following: 

  
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 (a) adjusting any or all of (i) the number of Shares (or number and kind of other
securities or other property or cash) which may be delivered in respect of the Award, and (ii) the terms of the Award, including, without limitation, (A) the number of Shares (or number and kind of other securities or other property)
subject to the Award or to which the Award relates, or (B) any applicable performance measures; 
 (b) providing for a substitution or
assumption of the Award, accelerating vesting of, or termination of the Award; and 
 (c) cancelling the Award and causing to be paid to the
Participant with respect to the vested portion of the Award (including any portion that would vest as a result of the occurrence of such event but for such cancellation) the value of such vested Award, if any, as determined by the Committee (which
if applicable may be based upon the price per Share to be received by other shareholders of the Company in such event), including without limitation, a cash payment in an amount equal to the Fair Market Value (as determined by the Committee in its
discretion as of a date specified by the Committee) of the Shares subject to the Award (it being understood that, in such event, any unvested portion of the Award may be canceled and terminated without any payment or consideration therefor); 

(d) provided, however, that in the case of any “equity restructuring” (within the meaning of the Financial Accounting Standards Board
Accounting Standards Codification Topic 718 (or any successor pronouncement thereto)), the Committee shall make an equitable or proportionate adjustment to the Award to reflect such equity restructuring. Any such adjustment shall be conclusive and
binding for all purposes. Payments to holders pursuant to clause (c) above shall be made in cash or, in the sole discretion of the Committee, in the form of such other consideration necessary for a Participant to receive property, cash, or
securities (or combination thereof) as such Participant would have been entitled to receive upon the occurrence of the transaction if the Participant had been, immediately prior to such transaction, the holder of the number of Shares covered by the
Award at such time. In addition, prior to any payment or adjustment contemplated under this Section 9, the Committee may (i) reduce the value of the Award by such Participant’s pro rata share of any post-closing indemnity obligations,
and be subject to the same post-closing purchase price adjustments, escrow terms, offset rights, holdback terms, and similar conditions as the other holders of Shares, and (ii) require the Participant to satisfy any applicable tax withholding
obligations or securities law requirements. 
 10. Administration 

(a) The Committee shall administer the Award and this Agreement. 

(b) The Committee shall have the sole and plenary authority, in addition to other express powers and authorizations conferred on the Committee,
to: (i) determine whether, to what extent, and under what circumstances the Award may be settled in cash, Shares, other securities, other Awards or other property, or canceled, forfeited, or suspended and the method or

  
 8 

					
	EXECUTION COPY – FOUNDERS	  		  	Appendix A - 9

  

 
methods by which the Award may be settled, canceled, forfeited, or suspended; (ii) determine whether, to what extent, and under what circumstances the delivery of Shares, other securities,
other Awards or other property and other amounts payable with respect to the Award shall be deferred either automatically or at the election of the Participant or of the Committee; (iii) interpret, administer, reconcile any inconsistency in,
correct any defect in and/or supply any omission in this Agreement and any instrument or agreement relating to the Award; (iv) establish, amend, suspend, or waive any rules and regulations and appoint such agents as the Committee shall deem
appropriate for the proper administration of this Agreement; and (v) make any other determination and take any other action that the Committee deems necessary or desirable for the administration of this Agreement. 

(c) Except to the extent prohibited by applicable law, the Committee may allocate all or any portion of its responsibilities and powers to any
one or more of its members and may delegate all or any part of its responsibilities and powers to any person or persons selected by it. Any such allocation or delegation may be revoked by the Committee at any time. Without limiting the generality of
the foregoing, the Committee may delegate to one or more officers of the Company or any Affiliate the authority to act on behalf of the Committee with respect to any matter, right, obligation, or election which is the responsibility of or which is
allocated to the Committee herein, and which may be so delegated as a matter of law. 
 (d) Unless otherwise expressly provided in this
Agreement, all designations, determinations, interpretations, and other decisions under or with respect to this Agreement or Award or any documents related to the Award shall be within the sole discretion of the Committee, may be made at any time
and shall be final, conclusive and binding upon all persons or entities, including, without limitation, the Company, any Affiliate, and any Participant, any holder or beneficiary of any Award. 

(e) Notwithstanding anything to the contrary contained in this Agreement, the Board may, in its sole discretion, at any time and from time to
time, administer this Agreement with respect to the Award. In any such case, the Board shall have all the authority granted to the Committee under the Plan. 

11. Tax Withholding. 
 (a)
A Participant shall be required to pay to the Company or any Affiliate, and the Company or any Affiliate shall have the right and is hereby authorized to withhold, from any cash, Shares, other securities or other property deliverable under the
Award, or from any compensation or other amounts owing to a Participant, the amount (in cash, Shares, other securities or other property) of any required withholding or any other applicable taxes in respect of an Award, or any payment or transfer
under the Award and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding or any other applicable taxes. 

(b) Without limiting the generality of clause (a), the Committee may, in its sole discretion, permit the Participant to satisfy, in whole or in
part, the foregoing withholding liability by (i) the delivery of Shares (which are not subject to any pledge or other security interest) owned by the Participant having a Fair Market Value equal to such withholding liability, or
(ii) having the Company withhold from the number of Shares otherwise issuable or deliverable pursuant to the settlement of the Award a number of Shares with a Fair Market Value equal to such withholding liability. 

  
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 12. Severability. Should any provision of this Agreement be held by a court of
competent jurisdiction to be unenforceable or invalid for any reason, the remaining provisions of this Agreement shall not be affected by such holding and shall continue in full force in accordance with their terms. 

13. Nontransferability. Each Award shall be payable only to the Participant during the Participant’s lifetime, or, if permissible
under applicable law, to the Participant’s legal guardian or representative. Prior to the delivery of Shares hereunder, neither the Award nor any Shares which may be deliverable under the Award may be assigned, alienated, pledged, attached,
sold or otherwise transferred or encumbered by the Participant (including, without limitation, except as may be prohibited by applicable law, pursuant to a domestic relations order) other than by will or by the laws of descent and distribution and
any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or an Affiliate; provided that the designation of a beneficiary shall not constitute an assignment,
alienation, pledge, attachment, sale, transfer or encumbrance. 
 14. Governing Law; Venue; Language. This Agreement shall be governed
by and construed in accordance with the laws of the State of New York. The Participant and the Company each hereby irrevocably waives (a) any objections which it may now or hereafter have to the laying of the venue of any suit, action or
proceeding arising out of or relating to this Agreement brought in any court of competent jurisdiction in such jurisdiction, (b) any claim that any such suit, action or proceeding brought in any such court has been brought in any inconvenient
forum and (c) any right to a jury trial. 
 15. Arbitration. Any disputes, controversies or claims arising under, relating to or
in connection with this Award Agreement that the parties cannot resolve themselves, including without limitation, disputes, controversies or claims pertaining to the general application, validity, construction, interpretation or enforceability of
this Award Agreement (except for claims by Company or its Affiliates arising under Section 6 herein and Exhibit A), shall be settled exclusively by final and binding arbitration, before a sole arbitrator, in accordance with the American
Arbitration Association Employment Arbitration Rules and Mediation Procedures. Included within this arbitration provision are any claims based on violation of local, state or federal law, such as claims for discrimination, harassment, retaliation or
civil rights violations under Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans with Disabilities Act, Fair Labor Standards Act, ERISA, COBRA, New York state employment laws (including, without
limitation, the New York State Human Rights Law, the New York City Human Rights Law, and the New York Labor Law), Massachusetts state employment laws (including, without limitation, the Massachusetts Fair Employment Practices Law and the
Massachusetts Payment of Wages Law) or similar federal, state, and local statutes. Except as otherwise provided in this Agreement, arbitration shall be the exclusive method of resolving any Award-related dispute, and both Company and Participant are
giving up any right they may otherwise have to a judge or jury deciding such dispute; provided, however, that claims for breach or enforcement of the NDA (attached as Exhibit A hereto), may proceed before a court of competent jurisdiction in the
State of New York, with law of the State of New York governing any such proceeding, without regard to conflicts of law principles. 

  
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 (a) Arbitration shall proceed solely on an individual basis; no claims shall be arbitrated on
a class or collective action basis or on bases involving claims brought in a purported representative capacity on behalf of others. The arbitrator’s authority to resolve and make written awards is limited to claims between Participant and
Company alone. Claims may not be joined or consolidated unless agreed to in writing by all parties. No arbitration award or decision will have any preclusive effect as to issues or claims in any dispute with anyone who is not a named party to the
arbitration. 
 (b) The arbitration shall provide for (i) reasonable written discovery and depositions as may be allowed by the
arbitrator, and (ii) a written decision by the arbitrator that includes the essential findings and conclusions upon which the decision is based. Except as provided by applicable law, the cost of such arbitration shall be borne equally by
Participant and Company. All rights, causes of action, remedies and defenses available under applicable state and federal law and equity are available to the parties hereto, and shall be applicable as though in a court of law, including the right to
file a motion for summary judgment. 
 (c) This Section 15, to resolve any disputes involving the Award by binding arbitration, shall
extend to claims against any parent, subsidiary or affiliate of each party, and, when acting within such capacity, any officer, director, shareholder, employee or agent of each party, or of any of the above, and shall apply as well to claims arising
out of state and federal statutes and local ordinances as well as to claims arising under the common law. The remedial authority of the arbitrator shall be the same as, but no greater than, what would be the remedial power of a court having
jurisdiction over the parties and their dispute. 
 (d) The arbitrator shall render an award and written opinion, and the award shall be
final and binding upon the parties. If any of the provisions of this Section 15 are determined to be unlawful or otherwise unenforceable, in whole or in part, such determination shall not affect the validity of the remainder of this
Section 15 or this Agreement, and this Section 15 and this Agreement shall be reformed to the extent necessary to carry out the provisions of this Section 15 to the greatest extent possible and to ensure that the resolution of all
conflicts between the parties, including those arising out of statutory claims, shall be resolved by neutral, binding arbitration. If a court should find that this Section 15’s arbitration provisions are not absolutely binding, then the
parties intend any arbitration decision and award to be fully admissible in evidence in any subsequent action, given great weight by any finder of fact, and treated as determinative to the maximum extent permitted by law. 

(e) Unless mutually agreed by the parties otherwise, any arbitration shall take place before the American Arbitration Association, or other
arbitration tribunal as may be agreed to by the parties, in New York County, New York. Either party may exercise the right to arbitrate by providing the other party with written notice of any and all claims forming the basis of such right in
sufficient detail to inform the other party of the substance of such claims. In the event that either party initiates litigation seeking to enforce or confirm an arbitration award, the prevailing party in such action may recover from the other party
reasonable attorney’s fees and costs incurred in that subsequent action or proceeding, in addition to all other relief to which the prevailing party may be entitled. 

  
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 (f) TO THE EXTENT ANY OR ALL OF THIS AGREEMENT TO ARBITRATION IS DEEMED INVALID OR
UNENFORCEABLE, THE PARTIES NONETHELESS AGREE TO GIVE UP THEIR RIGHT TO A TRAIL BY JURY, IF ANY, IN THE EVENT OF ANY DISPUTE BETWEEN THEM. 

(g) BY AGREEING TO ARBITRATE, THE PARTIES ARE GIVING UP AND WAIVING THE RIGHT TO A TRIAL BY JURY OF ANY DISPUTE BETWEEN PARTICIPANT AND THE
COMPANY, AND ITS PARENT ENTITIES, SUBSIDIARIES AND AFFILIATES (AND ITS AND THEIR CURRENT AND FORMER MEMBERS, PARTNERS, OFFICERS, DIRECTORS, EMPLOYEES AND AGENTS, WHETHER ACTING IN THEIR INDIVIDUAL CAPACITY OR THEIR CAPACITY ON BEHALF OF THE COMPANY
OR ITS PARENT ENTITIES, SUBSIDIARIES AND AFFILIATES). 
 16. Successors in Interest. For the avoidance of doubt, any successor to
the Company shall have the benefits of the Company under, and be entitled to enforce, this Agreement. Likewise, the Participant’s legal representative shall have the benefits of Participant under, and be entitled to enforce, this Agreement. All
obligations imposed upon the Participant and all rights granted to the Company under this Agreement shall be final, binding and conclusive upon the Participant’s heirs, executors, administrators and successors. 

17. Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation. By accepting this Agreement and the grant of
the Award evidenced hereby, the Participant expressly acknowledges that: (a) the grant of the Award is a one-time benefit that does not create any contractual or other right to receive future grants of
options, or benefits in lieu of options; (b) all determinations with respect to the Award, including the vesting and payment, will be determined by the Committee in its sole discretion; (c) the Award is not part of normal or expected
compensation for any purpose and are not to be used for calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, the Participant waives any claim
on such basis and, for the avoidance of doubt, the Award shall not constitute an “acquired right” under the applicable law of any jurisdiction; and (d) the future value of the underlying Shares is unknown and cannot be predicted with
certainty. In addition, the Participant understands, acknowledges and agrees that, except as provided herein, the Participant will have no rights to compensation or damages related to the Award in consequence of the termination of the
Participant’s employment for any reason whatsoever (including, whether or not in breach of contract). 
 18. Book Entry Delivery of
the Company Shares. Whenever reference in this Agreement is made to the issuance or delivery of certificates representing one or more Shares, the Company may elect to cause the issuance or deliver such Shares in book entry form in lieu of
certificates. 
 19. Electronic Delivery and Acceptance. The Company may, in its sole discretion, decide to deliver any documents
related to the Award by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in an on-line or electronic system established and
maintained by the Company or a third party designated by the Company. 

  
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 20. Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By
accepting this Award (including through electronic means), the Participant agrees to be bound by the terms, conditions, and restrictions set forth herein. 

21. No Advice Regarding Grant. The Company is not providing any tax, legal or financial advice, or making any recommendations regarding
the Participant’s acceptance of the Award or the Participant’s acquisition or sale of the underlying Shares. The Participant is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding this
Agreement. 
 22. Imposition of Other Requirements. The Company reserves the right to impose other requirements on the
Participant’s vesting in or receipt of the Shares, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the Participant to sign any additional agreements or undertakings that may
be necessary to accomplish the foregoing. 
 23. Waiver. The Participant acknowledges that a waiver by the Committee of breach of any
provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by the Participant or any other participant in the Plan. 

24. Securities Compliance. This Agreement is intended to be a compensatory benefit plan within the meaning of Rule 701 of the Securities
Act of 1933 and the grant, issuance, transfer or sale of any Shares pursuant to this Agreement is intended to qualify for the exemption from registration under the Securities Act provided by Rule 701; provided that the foregoing shall not require
the Company to rely on Rule 701 for any issuance pursuant to this Agreement to the extent that another exemption from registration under the Securities Act is available for issuance. 

The obligation of the Company to settle the Award in Shares or other consideration shall be subject to all applicable laws, rules, and
regulations, and to such approvals by governmental agencies as may be required. Notwithstanding any terms or conditions of the Award to the contrary, the Company shall be under no obligation to deliver any Shares or other securities pursuant to the
Award unless such Shares or other securities have been properly registered for resale pursuant to the Securities Act with the Securities and Exchange Commission or unless the Company has received an opinion of counsel (if the Company has requested
such an opinion), satisfactory to the Company, that such Shares or other securities may be resold without such registration pursuant to an available exemption therefrom and the terms and conditions of such exemption have been fully complied with.
The Company shall be under no obligation to register for sale under the Securities Act of 1933 any of the Shares or other securities to be delivered under this Agreement. The Committee shall have the authority to provide that all Shares or other
securities delivered under the Award shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable, and the Committee may cause a legend or legends to be put on certificates representing Shares or other
securities delivered under this Agreement to make appropriate reference to such restrictions or may cause such Shares or other 

  
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	EXECUTION COPY – FOUNDERS	  		  	Appendix A - 14

  

 
securities delivered under the Award in book-entry form to be held subject to the Company’s instructions or subject to appropriate stop-transfer orders. Notwithstanding any provision in the
Award to the contrary, the Committee reserves the right to add any additional terms or provisions to the Award that it in its sole discretion deems necessary or advisable in order that the Award complies with the legal requirements of any
governmental entity to whose jurisdiction the Award is subject. 
 25. Obligations Binding on Successors. The obligations of the
Company under this Agreement shall be binding upon any successor corporation or organization resulting from the merger, consolidation or other reorganization of the Company, or upon any successor corporation or organization succeeding to
substantially all of the assets and business of the Company. 
 26. Gender; Titles and Headings. Masculine pronouns and other words of
masculine gender shall refer to both men and women. The titles and headings of the sections in the Agreement are for convenience of reference only, and in the event of any conflict, the text of the Agreement, rather than such titles or headings
shall control. 
 27. Code Section 409A. 

(a) The intent of the Company is that payments under this Agreement comply with or be exempt from Code Section 409A and, accordingly, to
the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. If any provision of this Agreement would cause Participant to incur any additional tax or interest under Code Section 409A, the Committee shall,
after consulting with and receiving the approval of the Participant, reform such provision in a manner intended to avoid the incurrence by the Participant of any such additional tax or interest. 

(b) A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment
of any amounts or benefits that are considered nonqualified deferred compensation under Code Section 409A upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of
Code Section 409A, and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” The determination of
whether and when a separation from service has occurred for proposes of this Agreement shall be made in accordance with the presumptions set forth in Section 1.409A-1(h) of the Treasury Regulations. 

(c) Any provision of this Agreement to the contrary notwithstanding, if at the time of Executive’s separation from service, the Company
determines that Executive is a “specified employee,” within the meaning of Code Section 409A, then to the extent any payment or benefit that the Participant becomes entitled to under this Agreement on account of such separation from
service would be considered nonqualified deferred compensation under Code Section 409A, such payment or benefit shall be paid or provided at the date which is the earlier of (i) six (6) months and one day after such separation from service
and (ii) the date of the Participant’s death (the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this Section 27(iii) (whether they would have otherwise been
payable in a single sum or in installments in the absence of such delay) shall be paid or provided to the Participant in a lump-sum, and any remaining payments due under this Agreement shall be paid or
provided in accordance with the normal payment dates specified for them herein. 

  
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 (d) Whenever a payment under this Agreement specifies a payment period with reference to a
number of days (for example, “payment shall be made within sixty (60) days following the date of termination”), the actual date of payment within the specified period shall be within the sole discretion of the Committee. In no event
may the Participant, directly or indirectly, designate the calendar year of any payment to be made under this Agreement, to the extent such payment is subject to Code Section 409A. 

  
 15EX-10.13

 Exhibit 10.13 

 
  

COLUMBIA CARE INC. 

AMENDED AND RESTATED OMNIBUS LONG-TERM INCENTIVE PLAN 
  

 

 TABLE OF CONTENTS 

 

							
	 Article 1 —DEFINITIONS
	  	 	1	 
			
	 Section 1.1
	 	Definitions	  	 	1	 
		
	 Article 2 —PURPOSE AND ADMINISTRATION OF THE PLAN; GRANTING OF AWARDS
	  	 	6	 
			
	 Section 2.1
	 	Purpose of the Plan	  	 	6	 
	 Section 2.2
	 	Implementation and Administration of the Plan	  	 	7	 
	 Section 2.3
	 	Eligible Participants	  	 	7	 
	 Section 2.4
	 	Shares Subject to the Plan	  	 	8	 
	 Section 2.5
	 	Participation Limits	  	 	8	 
		
	 Article 3 —OPTIONS
	  	 	9	 
			
	 Section 3.1
	 	Nature of Options	  	 	9	 
	 Section 3.2
	 	Option Awards	  	 	9	 
	 Section 3.3
	 	Exercise Price	  	 	9	 
	 Section 3.4
	 	Expiry Date; Blackout Period	  	 	9	 
	 Section 3.5
	 	Option Agreement	  	 	10	 
	 Section 3.6
	 	Exercise of Options	  	 	10	 
	 Section 3.7
	 	Method of Exercise and Payment of Purchase Price	  	 	10	 
	 Section 3.8
	 	Termination of Employment or Service	  	 	11	 
	 Section 3.9
	 	Incentive Stock Options	  	 	12	 
		
	 Article 4 —STOCK APPRECIATION RIGHTS
	  	 	12	 
			
	 Section 4.1
	 	Nature of SARs	  	 	12	 
	 Section 4.2
	 	SAR Awards	  	 	13	 
	 Section 4.3
	 	Exercise of SARs	  	 	13	 
		
	 Article 5 —DEFERRED SHARE UNITS
	  	 	13	 
			
	 Section 5.1
	 	Nature of DSUs	  	 	13	 
	 Section 5.2
	 	DSU Awards	  	 	13	 
	 Section 5.3
	 	Redemption of DSUs	  	 	14	 
		
	 Article 6 —SHARE UNITS
	  	 	14	 
			
	 Section 6.1
	 	Nature of Share Units	  	 	14	 
	 Section 6.2
	 	Share Unit Awards	  	 	15	 
	 Section 6.3
	 	Performance Criteria and Performance Period Applicable to PSU Awards	  	 	15	 
	 Section 6.4
	 	Share Unit Vesting Determination Date	  	 	16	 
		
	 Article 7 —GENERAL CONDITIONS
	  	 	16	 
			
	 Section 7.1
	 	General Conditions applicable to Awards	  	 	16	 
	 Section 7.2
	 	Dividend Share Units	  	 	17	 
	 Section 7.3
	 	Unfunded Plan	  	 	17	 

							
		
	 Article 8 —ADJUSTMENTS AND AMENDMENTS
	  	 	17	 
			
	 Section 8.1
	 	Adjustment to Shares Subject to Outstanding Awards	  	 	17	 
	 Section 8.2
	 	Amendment or Discontinuance of the Plan	  	 	18	 
	 Section 8.3
	 	Change of Control	  	 	19	 
		
	 Article 9 —MISCELLANEOUS
	  	 	20	 
			
	 Section 9.1
	 	Currency	  	 	20	 
	 Section 9.2
	 	Compliance and Award Restrictions	  	 	20	 
	 Section 9.3
	 	Use of an Administrative Agent and Trustee	  	 	21	 
	 Section 9.4
	 	Tax Withholding	  	 	21	 
	 Section 9.5
	 	Reorganization of the Company	  	 	22	 
	 Section 9.6
	 	Governing Laws	  	 	23	 
	 Section 9.7
	 	Successors and Assigns	  	 	23	 
	 Section 9.8
	 	Severability	  	 	23	 
	 Section 9.9
	 	No liability	  	 	23	 
	 Section 9.10
	 	Effective Date of the Plan	  	 	23	 

 COLUMBIA CARE INC. 

AMENDED AND RESTATED OMNIBUS LONG-TERM INCENTIVE PLAN 

Columbia Care Inc. (the “Company”) has established an Omnibus Long-Term Incentive Plan (the “Plan”)
effective April 26, 2019 for certain qualified directors, officers, employees and Consultants (as defined herein), providing ongoing services to the Company and/or its Subsidiaries (as defined herein) that can have a significant impact on the
Company’s long-term results. The Company hereby amends and restates the Plan effective June 1, 2021. 
 ARTICLE
1—DEFINITIONS 
 Section 1.1 Definitions. 

Where used herein or in any amendments hereto or in any communication required or permitted to be given hereunder, the following terms shall
have the following meanings, respectively, unless the context otherwise requires: 
 “Affiliates” has the meaning given to
this term in the Securities Act (Ontario), as such legislation may be amended, supplemented or replaced from time to time; 

“Associate”, where used to indicate a relationship with a Participant, means (i) any partner of that Participant and
(ii) the spouse of that Participant and that Participant’s children, as well as that Participant’s relatives and that Participant’s spouse’s relatives, if they share that Participant’s residence; 

“Award Agreement” means, individually or collectively, the Option Agreement, RSU Agreement, SAR Agreement, PSU Agreement, DSU
Agreement and/or the Employment Agreement or Consulting Agreement pursuant to which an Award is granted, as the context requires; 

“Awards” means Options, SARs, RSUs, PSUs and/or DSUs granted to a Participant pursuant to the terms of the Plan; 

“Black-Out Period” means the period of time when, pursuant to any policies or
determinations of the Company, securities of the Company may not be traded by Insiders or other specified persons; 

“Board” means the board of directors of the Company as constituted from time to time; 

“Broker” has the meaning ascribed thereto in Section 3.7(2) hereof; 

“Business Day” means a day other than a Saturday, Sunday or statutory holiday, when banks are generally open for business in
Toronto, Ontario or New York City, New York for the transaction of banking business; 
 “Cancellation” has the meaning
ascribed thereto in Section 2.4(1) hereof; 
 “Cash Equivalent” means: 

 

	 	(a)	 in the case of Share Units, the amount of money equal to the Market Value multiplied by the number of vested
Share Units in the Participant’s Account, net of any applicable taxes in accordance with Section 9.4, on the Share Unit Settlement Date; 

  
 1 

	 	(b)	 in the case of DSU Awards, the amount of money equal to the Market Value multiplied by the whole number of DSUs
then recorded in the Participant’s Account which the Participant requests to redeem pursuant to the DSU Redemption Notice, net of any applicable taxes in accordance with Section 9.4, on the date the Company receives, or is deemed to
receive, the DSU Redemption Notice; 

 “Change of Control” means unless the Compensation Committee
determines otherwise, the happening, in a single transaction or in a series of related transactions, of any of the following events: 
  

	 	(a)	 the consummation of any transaction or series of transactions (other than a transaction described in clause
(b) below) pursuant to which any person or group of persons acting jointly or in concert acquires the direct or indirect beneficial ownership of securities of the Company representing 50% or more of the aggregate voting power of all of
the Company’s then issued and outstanding securities entitled to vote in the election of directors of the Company, other than an acquisition by a person that was an Affiliate of the Company at the time of such acquisition, and other than any
such acquisition that occurs upon the exercise or settlement of options or other securities granted by the Company under any of the Company’s equity incentive plans. 

 

	 	(b)	 there is consummated an arrangement, amalgamation, merger, consolidation or similar transaction involving
(directly or indirectly) the Company and, immediately after the consummation of such arrangement, amalgamation, merger, consolidation or similar transaction, the shareholders of the Company immediately prior thereto do not beneficially own, directly
or indirectly, either (A) outstanding voting securities representing more than 50% of the combined outstanding voting power of the surviving or resulting entity in such amalgamation, merger, consolidation or similar transaction or (B) more
than 50% of the combined outstanding voting power of the parent of the surviving or resulting entity in such arrangement, amalgamation merger, consolidation or similar transaction; 

 

	 	(c)	 any transaction or series of transactions resulting in the consummation of (A) the sale, lease, exchange,
license or other disposition of all or substantially all of the Company’s assets to a person other than a person that was an Affiliate of the Company at the time of such sale, lease, exchange, license or other disposition or (B) a sale,
lease, exchange, license or other disposition to an entity, unless more than fifty percent (50%) of the combined voting power of the voting securities of such entity are beneficially owned by shareholders of the Company in substantially the same
proportions as their beneficial ownership of the outstanding voting securities of the Company immediately prior to such sale, lease, exchange, license or other disposition; 

  
 2 

	 	(d)	 the passing of a resolution by the Board or shareholders of the Company to substantially liquidate the assets
of the Company or wind up the Company’s business or significantly rearrange its affairs in one or more transactions or series of transactions or the commencement of proceedings for such a liquidation,
winding-up or re-arrangement (except where such re-arrangement is part of a bona fide reorganization of the Company in
circumstances where the business of the Company is continued and the shareholdings remain substantially the same following the re-arrangement); 

 

	 	(e)	 individuals who, on the Effective Date, are members of the Board (the “Incumbent Board”) cease
for any reason to constitute at least a majority of the members of the Board; provided, however, that if the appointment or election (or nomination for election) of any new Board member was approved or recommended by a majority vote of the members
of the Incumbent Board then still in office, such new member will, for purposes of the Plan, be considered as a member of the Incumbent Board; or 

  

	 	(f)	 any other matter determined by the Board to be a Change of Control. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time and the Treasury Regulations promulgated
thereunder; 
 “Code of Ethics” means any code of ethics adopted by the Company, as modified from time to time; 

“Company” means Columbia Care Inc., a Company existing under the Business Corporations Act (British Columbia); 

“Compensation Committee” means the Compensation Committee of the Board as constituted from time to time or an equivalent
committee of the Board; 
 “Consultant” means a Person (including an individual whose services are contracted for through
another Person) with whom the Company or a Subsidiary has a written contract for services; 
 “Consulting Agreement” means,
with respect to any Participant, any written consulting agreement between the Company or a Subsidiary and such Participant; 

“Dividend Share Units” has the meaning ascribed thereto in Section 7.2 hereof; 

“DSU” means a deferred share unit, which is a bookkeeping entry equivalent in value to a Share credited to a
Participant’s Account in accordance with Article 5 hereof; 
 “DSU Agreement” means a written notice from the Company
to a Participant evidencing the grant of DSUs and the terms and conditions thereof, in such form as the Compensation Committee may approve from time to time; 

“DSU Redemption Notice” has the meaning ascribed thereto in Section 5.3(1) hereof; 

“Eligible Participants” has the meaning ascribed thereto in Section 2.3(1) hereof; 

“Employment Agreement” means, with respect to any Participant, any written employment agreement between the Company or a
Subsidiary and such Participant; 

  
 3 

 “Exercise Notice” means a notice in writing signed by a Participant and
stating the Participant’s intention to exercise or settle a particular Award, if applicable; 
 “Exercise Price” has
the meaning ascribed thereto in Section 3.3 hereof; 
 “Expiry Date” has the meaning ascribed thereto in
Section 3.4 hereof; 
 “Grant Date” has the meaning ascribed thereto in Section 3.4 hereof; 

“Incentive Stock Option” means an Option that is designated by the Compensation Committee as an incentive stock option as
described in Section 422 of the Code and otherwise meets the requirements set forth in the Plan; 
 “Insider” has the
meaning attributed to “Related Person” in the NEO Exchange Listing Manual in respect of the rules governing security-based compensation arrangements, as amended from time to time; 

“ISO Entity” has the meaning ascribed thereto in Section 2.3(1); 

“Market Value” means, at any date when the market value of Shares of the Company is to be determined, the closing price of the
Shares on the trading day prior to such date on the principal stock exchange on which the Shares are listed, or if the Shares of the Company are not listed on any stock exchange, the value as is determined solely by the Compensation Committee,
acting reasonably and in good faith based on the reasonable application of a reasonable valuation method not inconsistent with Section 409A of the Code or Canadian tax law; 

“NEO Exchange” means the Aequitas NEO Exchange Inc.; 

“Non-Employee Director” means a member of the Board who is not also an employee of the
Company or any Subsidiary; 
 “Nonqualified Stock Option” means an Option that is not designated by the Compensation
Committee as an Incentive Stock Option; 
 “Option” means an option granted by the Company to a Participant entitling such
Participant to acquire a designated number of Shares from treasury at the Exercise Price, but subject to the provisions hereof; 

“Option Agreement” means a written notice from the Company to a Participant evidencing the grant of Options and the terms and
conditions thereof, substantially in the form as the Compensation Committee may approve from time to time; 
 “Participants”
means Eligible Participants that are granted Awards under the Plan; 
 “Participant’s Account” means an account
maintained to reflect each Participant’s participation in RSUs, PSUs and/or DSUs under the Plan; 
 “Performance
Criteria” means criteria established by the Compensation Committee which, without limitation, may include criteria based on the Participant’s personal performance, the financial performance of the Company and/or of its Subsidiaries,
total shareholder return, the achievement of corporate goals and strategic initiatives, and that may be used to determine the vesting of the Awards, when applicable; 

  
 4 

 “Performance Period” means the period determined by the Compensation
Committee pursuant to Section 6.3 hereof; 
 “Person” means an individual, corporation, company, cooperative,
partnership, trust, unincorporated association, entity with juridical personality or governmental authority or body, and pronouns which refer to a Person shall have a similarly extended meaning; 

“Plan” means this Amended and Restated Omnibus Long-Term Incentive Plan, as further amended and restated from time to time;

 “Proportionate Voting Shares” means the proportionate voting shares in the capital of the Company; 

“PSU” means a performance share unit awarded to a Participant to receive a payment in the form of Shares as provided in
Article 6 hereof and subject to the terms and conditions of the Plan; 
 “PSU Agreement” means a written notice from
the Company to a Participant evidencing the grant of PSUs and the terms and conditions thereof, in the form as the Compensation Committee may approve from time to time; 

“RSU” means a restricted share unit awarded to a Participant to receive a payment in the form of Shares as provided in Article
6 hereof and subject to the terms and conditions of the Plan; 
 “RSU Agreement” means a written notice from the
Company to a Participant evidencing the grant of RSUs and the terms and conditions thereof, in the form as the Compensation Committee may approve from time to time; 

“SAR” means a stock appreciation right awarded to a Participant to be settled in cash as provided in Article 4 and subject to
the terms and conditions of the Plan; 
 “SAR Agreement” means a written notice from the Company to a Participant evidencing
the grant of SARs and the terms and conditions thereof, in the form as the Compensation Committee may approve from time to time; 

“Share Compensation Arrangement” means a stock option, stock option plan, employee stock purchase plan, long-term incentive
plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares to one or more directors, officers, employees or Consultants of the Company or a Subsidiary. For greater certainty, a “Share
Compensation Arrangement” does not include a security based compensation arrangement used as an inducement to person(s) or company(ies) not previously employed by and not previously an Insider of the Company; 

“Shares” or “Stock” means the common shares in the capital of the Company; 

“Share Limit” has the meaning ascribed thereto in Section 2.4(1) hereof; 

  
 5 

 “Share Unit” means a RSU or PSU, as the context requires; 

“Share Unit Settlement Notice” means a notice by a Participant to the Company electing the desired form of settlement of
vested RSUs or PSUs; 
 “Share Unit Vesting Determination Date” has the meaning described thereto in Section 6.4
hereof; 
 “Subsidiary” means a corporation, limited liability company, partnership or other body corporate that is
controlled, directly or indirectly, by the Company; 
 “Surrender” has the meaning ascribed thereto in Section 3.7(3);

 “Surrender Notice” has the meaning ascribed thereto in Section 3.7(3); 

“Tax Act” means the Income Tax Act (Canada) and its regulations thereunder, as amended from time to time; 

“Termination Date” means, unless otherwise defined in the applicable Award Agreement, (i) with respect to a Participant
who is an employee or officer of the Company or a Subsidiary, such Participant’s last day of active employment and does not include any period of statutory, reasonable or contractual notice or any period of deemed employment or salary
continuance, and (ii) with respect to a Participant who is a Consultant, the date such Consultant ceases to provide services to the Company or a Subsidiary, and “Terminate” and “Terminated” have corresponding
meanings. 
 “Trading Day” means any day on which the NEO Exchange is opened for trading; 

“transfer” includes any sale, exchange, assignment, gift, bequest, disposition, mortgage, lien, charge, pledge, encumbrance,
grant of security interest or any arrangement by which possession, legal title or beneficial ownership passes from one Person to another, or to the same Person in a different capacity, whether or not voluntary and whether or not for value, and any
agreement to effect any of the foregoing and “transferred”, “transferring” and similar variations have corresponding meanings; and 

“U.S. Participant” means any Participant who is a United States citizen or United States resident alien as defined for
purposes of Section 7701(b)(1)(A) of the Code or for whom an Award is otherwise subject to taxation under the Code. 
 ARTICLE
2—PURPOSE AND ADMINISTRATION OF THE PLAN; GRANTING OF AWARDS 
 Section 2.1 Purpose of the Plan. 

The purpose of the Plan is to advance the interests of the Company by: (i) providing Eligible Participants with additional incentives;
(ii) encouraging share ownership by such Eligible Participants; (iii) increasing the proprietary interest of Eligible Participants in the success of the Company; (iv) promoting growth and profitability of the Company;
(v) encouraging Eligible Participants to take into account long-term corporate performance; (vi) rewarding Eligible Participants for sustained contributions to the Company and/or significant performance achievements of the Company; and
(vii) enhancing the Company’s ability to attract, retain and motivate Eligible Participants.  

  
 6 

 Section 2.2 Implementation and Administration of the Plan. 

 

	(1)	 The Board has delegated and appointed the Compensation Committee to implement, administer and interpret the
Plan for and on behalf of the Board. 

  

	(2)	 Subject to the terms and conditions set forth in the Plan and the rules of the NEO Exchange and applicable
laws, the Compensation Committee, for and on behalf of the Board, shall have the sole and absolute discretion to: (i) designate Participants; (ii) determine the type, size, terms, and conditions of Awards to be granted;
(iii) determine the method by which an Award may be settled, exercised, canceled, forfeited, or suspended; (iv) determine the circumstances under which the delivery of cash, property, or other amounts payable with respect to an Award may
be deferred either automatically or at the Participant’s or the Compensation Committee’s election; (v) interpret and administer, reconcile any inconsistency in, correct any defect in, and supply any omission in the Plan and any Award
granted under the Plan; (vi) establish, amend, suspend, or waive any rules and regulations and appoint such agents as the Compensation Committee shall deem appropriate for the proper administration of the Plan; (vii) accelerate the
vesting, delivery, or exercisability of, or payment for or lapse of restrictions on, or waive any condition in respect of, Awards; and (viii) make any other determination and take any other action that the Compensation Committee deems necessary
or desirable for the administration of the Plan, to preserve the tax treatment of the Awards, preserve the economic equivalent value of the Awards or to comply with any applicable law. 

 

	(3)	 No member of the Board and no officer or employee acting for and on behalf of the Board will be liable for any
action or determination taken or made in good faith in the administration, interpretation, construction or application of the Plan, any Award Agreement or other document or any Awards granted pursuant to the Plan. 

 

	(4)	 The day-to-day administration
of the Plan may be delegated to such officers and employees of the Company as the Compensation Committee determines. 

  

	(5)	 Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations, and other
decisions regarding the Plan or any Award or any documents evidencing any Award granted pursuant to the Plan shall be within the sole discretion of the Compensation Committee, may be made at any time, and shall be final, conclusive, and binding upon
all persons or entities, including, without limitation, the Company, any Subsidiary, any Participant, any holder or beneficiary of any Award, and any shareholder of the Company. 

Section 2.3 Eligible Participants. 
  

	(1)	 The Persons who shall be eligible to receive Nonqualified Stock Options, SARs, RSUs, DSUs and PSUs shall be the
directors, officers, employees or Consultants of or to the Company or a Subsidiary, providing ongoing services to the Company and/or its Subsidiaries (collectively, “Eligible Participants”). Incentive Stock Options shall be granted
only to Eligible Participants who are employees of the Company or any of the Company’s present or future parent or subsidiaries, as defined in Section 424(e) or (f) of the Code, or other affiliates the employees of which are eligible
to receive Incentive Stock Options under the Code (each an “ISO Entity”). 

  

	(2)	 Participation in the Plan shall be entirely voluntary and may be declined. 

  
 7 

	(3)	 Notwithstanding any express or implied term of the Plan to the contrary, the granting of an Award pursuant to
the Plan shall in no way be construed as a guarantee of employment or appointment by the Company or a Subsidiary. 

 Section 2.4
Shares Subject to the Plan. 
  

	(1)	 Subject to adjustment pursuant to provisions of Article 8 hereof, the total number of Shares reserved and
available for grant and issuance pursuant to Awards under the Plan shall not exceed 35,000,000 Shares or such other number as may be approved in accordance with the NEO Exchange policies and the shareholders of the Company from time to time (the
“Share Limit”); provided that no more than 21,609,243 Shares may be issued in the aggregate pursuant to the exercise of Incentive Stock Options granted under the Plan. 

 

	(2)	 For greater certainty, any issuance from treasury by the Company either: (i) under any other proposed or
established Share Compensation Arrangement or (ii) that is or was issued in reliance upon an exemption under applicable stock exchange rules applicable to security based compensation arrangements used as an inducement to person(s) or
company(ies) not previously employed by and not previously an Insider of the Company, shall not be included in determining the maximum Shares reserved and available for grant and issuance under Section 2.4(1). 

 

	(3)	 Shares in respect of (a) an Award that is not exercised, vested or settled prior to the termination of
such Award due to the expiration, termination, cancellation or lapse of such Award, and (b) an Award that is settled in cash in lieu of settlement in Shares, shall, in each case, be available for Awards to be granted thereafter pursuant to the
provisions of the Plan; provided, however, that in the case of an Incentive Stock Option, the forgoing shall be subject to any limitations under the Code. All Shares issued from treasury pursuant to the exercise or the vesting of the Awards
granted under the Plan shall be so issued as fully paid and non-assessable Shares. 

Section 2.5 Participation Limits. 
  

	(1)	 Subject to adjustment pursuant to provisions of Article 8 hereof, the aggregate number of Shares
(i) issued to Insiders under the Plan or any other proposed or established Share Compensation Arrangement within any one-year period and (ii) issuable to Insiders at any time under the Plan or any
other proposed or established Share Compensation Arrangement, shall in each case not exceed ten percent (10%) of the total issued and outstanding Shares (assuming the conversion of all issued and outstanding Proportionate Voting Shares to Shares)
subject to the Plan from time to time. Any Awards granted pursuant to the Plan, prior to the Participant becoming an Insider, shall be excluded for the purposes of the limits set out in this Section 2.5(1). 

 

	(2)	 Notwithstanding anything to the contrary in this Plan, the value of all Awards awarded under this Plan and all
other cash compensation paid by the Company to any Non-Employee Director (excluding any incremental fees paid to such Non-Employee Director for service as Lead
Independent Director or Non-Executive Chair (if applicable)) in any calendar year shall not exceed $600,000. For purposes of this limitation, the value of any Award shall be its grant date fair value, as
determined by methodology consistent with that used in determining the Non-Employee Director compensation in the annual proxy statement. 

  
 8 

 ARTICLE 3—OPTIONS 

Section 3.1 Nature of Options. 
 An
Option is an option granted by the Company to a Participant entitling such Participant to acquire a designated number of Shares from treasury at the Exercise Price, subject to the provisions hereof. Eligible Participants may be eligible to receive
Nonqualified Stock Options and/or Incentive Stock Options as outlined in this Article 3. All Options granted under the Plan shall be Nonqualified Stock Options unless the applicable Award Agreement expressly states that the Option is intended to be
an Incentive Stock Option. 
 Section 3.2 Option Awards. 
  

	(1)	 The Compensation Committee shall, from time to time, in its sole discretion, (i) designate the Eligible
Participants who may receive Options under the Plan, (ii) determine the number of Options, if any, to be granted to each Eligible Participant and the date or dates on which such Options shall be granted, (iii) determine the price per Share
to be payable upon the exercise of each such Option (the “Exercise Price”), (iv) determine the relevant vesting provisions (including Performance Criteria, if applicable) and (v) determine the Expiry Date, the whole subject to
the terms and conditions prescribed in the Plan, in any Award Agreement and any applicable rules of the NEO Exchange. 

  

	(2)	 All Options granted herein shall vest in accordance with the terms of the Award Agreement entered into in
respect of such Options. 

 Section 3.3 Exercise Price. 

The Exercise Price for Shares that are the subject of any Option shall be fixed by the Compensation Committee when such Option is granted, but
shall not be less than the Market Value of such Shares at the time of the grant. Notwithstanding the foregoing, in the case of an Incentive Stock Option granted to an employee who, at the time of the grant of such Option, owns stock representing
more than ten percent (10%) of the voting power of all classes of stock of the Company or any, the Exercise Price per share shall be no less than one hundred ten percent (110%) of the Market Value per share on the Grant Date. 

Section 3.4 Expiry Date; Blackout Period. 

Subject to Section 8.2, each Option must be exercised no later than ten (10) years after the date the Option (the “Grant
Date”) is granted or such shorter period as set out in the Participant’s Award Agreement, at which time such Option will expire (the “Expiry Date”). Notwithstanding any other provision of the Plan, each Option that
would expire during or within ten (10) Business Days immediately following a Black-Out Period shall expire on the date that is ten (10) Business Days immediately following the expiration of the Black-Out Period. Where an Option will expire on a date that falls immediately after a Black-Out Period, and for greater certainty, not later than ten (10) Business Days
after the Black-Out Period, then the date such Option will expire will be automatically extended by such number of days equal to ten (10) Business Days less the number of Business Days after the Black-Out Period that the Option expires. Notwithstanding the foregoing, in no event shall the Expiry Period exceed five (5) years from the Grant Date in the case of an Incentive Stock Option granted to an
employee who on the Grant Date owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or an ISO Entity. 

  
 9 

 Section 3.5 Option Agreement. 

Each Option must be confirmed by an Award Agreement. The Award Agreement shall contain such terms that the Company deems necessary and
appropriate and to comply with applicable law. 
 Section 3.6 Exercise of Options. 

 

	(1)	 Subject to the provisions of the Plan, a Participant shall be entitled to exercise an Option granted to such
Participant, subject to vesting limitations which may be imposed by the Compensation Committee at the time such Option is granted and set out in the Award Agreement. 

 

	(2)	 Prior to its expiration or earlier termination in accordance with the Plan, each Option shall be exercisable as
to all or such part or parts of the optioned Shares and at such time or times and/or pursuant to the achievement of such Performance Criteria and/or other vesting conditions as the Compensation Committee may determine in its sole discretion.

  

	(3)	 No fractional Shares will be issued upon the exercise of Options granted under the Plan and, accordingly, if a
Participant would become entitled to a fractional Share upon the exercise of an Option, or from an adjustment pursuant to Section 8.1, such Participant will only have the right to acquire the next lowest whole number of Shares and will (except
in the case of a Participant who is a resident of Canada or employed in Canada (each for purposes of the Tax Act)) receive a cash payment equal to the in-the-money
value, if any, of such fractional Shares. In respect of a Participant who is a resident of Canada or employed in Canada (each for purposes of the Tax Act), such fractional Shares shall be forfeited without further compensation once an Option has
been exercised for the full whole number of Shares subject to such Option. 

 Section 3.7 Method of Exercise and Payment of
Purchase Price. 
  

	(1)	 Subject to the provisions of the Plan and the alternative exercise procedures set out herein, an Option granted
under the Plan may be exercisable (from time to time as provided in Section 3.6 hereof) by the Participant (or by the liquidator, executor or administrator, as the case may be, of the estate of the Participant) by delivering an exercise notice
substantially in the form to be attached as a schedule to the Award Agreement (an “Exercise Notice”) to the Company in the form and manner determined by the Compensation Committee from time to time, together with a bank draft,
certified cheque or other form of payment acceptable to the Company in an amount equal to the aggregate Exercise Price of the Shares to be purchased pursuant to the exercise of the Options and any applicable tax withholdings. 

 

	(2)	 Pursuant to the Exercise Notice and subject to the approval of the Compensation Committee, a Participant may
choose to undertake a “cashless exercise” with the assistance of a broker (the “Broker”) in order to facilitate the exercise of such Participant’s Options. The “cashless exercise” procedure may include a
sale of such number of Shares as is necessary to raise an amount equal to the aggregate Exercise Price for all Options being exercised by that Participant under an Exercise Notice and any applicable tax withholdings. Pursuant to the Exercise Notice,
the Participant may authorize the broker to sell Shares on the open market by means of a short sale and forward the proceeds of such short sale to the Company to satisfy the Exercise Price and any applicable tax withholdings, promptly following
which the Company shall issue the Shares underlying the number of Options as provided for in the Exercise Notice. 

  
 10 

	(3)	 In addition, in lieu of exercising any vested Option in the manner described in this Section 3.7(1) or
Section 3.7(2), and pursuant to the terms of this Section 3.7(3), a Participant may, by surrendering an Option (“Surrender”) with a properly endorsed notice of Surrender to the Corporate Secretary of the Company, substantially in
the form to be attached as a schedule to the Award Agreement (a “Surrender Notice”), elect to receive that number of Shares calculated using the following formula, subject to acceptance of such Surrender Notice by the Compensation
Committee and provided that arrangements satisfactory to the Company have been made to pay any applicable withholding taxes: 

X = (Y * (A-B)) / A 

Where: 
 X = the number of
Shares to be issued to the Participant upon exercising such Options; provided that if the foregoing calculation results in a negative number, then no Shares shall be issued 

Y = the number of Shares underlying the Options to be Surrendered 

A = the Market Value of the Shares as at the date of the Surrender 

B = the Exercise Price of such Options 
  

	(4)	 No share certificates shall be issued and no person shall be registered in the share register of the Company as
the holder of Shares until actual receipt by the Company of an Exercise Notice, payment for the Shares to be purchased and satisfaction of any tax withholding requirements. 

 

	(5)	 Subject to Section 3.7(4), upon the exercise of an Option pursuant to Section 3.7(1),
Section 3.7(2) or Section 3.7(3), the Company shall, as soon as practicable after such exercise but no later than ten (10) Business Days following such exercise, forthwith cause the transfer agent and registrar of the Shares to
deliver to the Participant (or as the Participant may otherwise direct) such number of Shares as the Participant shall have then paid for and as are specified in such Exercise Notice. 

Section 3.8 Termination of Employment or Service. 
  

	(1)	 Subject to the provisions of the Plan, a Participant’s Options shall be subject to the terms and
conditions of the Participant’s Award Agreement, as the case may be, in respect of such Participant’s ceasing to be an Eligible Participant. 

  

	(2)	 For the avoidance of doubt, subject to applicable laws, no period of notice, if any, or payment instead of
notice that is given or that ought to have been given under applicable law, whether by statute, imposed by a court or otherwise, in respect of such termination of employment that follows or is in respect of a period after the Participant’s
Termination Date will be considered as extending the Participant’s period of employment for the purposes of determining his or her entitlement under the Plan. 

 

	(3)	 The Participant shall have no entitlement to damages or other compensation arising from or related to not
receiving any awards that would have settled or vested or accrued to the Participant after the Termination Date. 

  
 11 

 Section 3.9 Incentive Stock Options 

 

	(1)	 No Option shall be treated as an Incentive Stock Option unless the Plan has been approved by the shareholders
of the Company in a manner intended to comply with the shareholder approval requirements of Section 422(b)(1) of the Code; provided, however, that any Option intended to be an Incentive Stock Option shall not fail to be effective solely
on account of a failure to obtain such approval, but rather such Option shall be treated as a Nonqualified Stock Option unless and until such approval is obtained. In the case of an Incentive Stock Option, the terms and conditions of such grant
shall be subject to and comply with such rules as may be prescribed by Section 422 of the Code. If for any reason an Option intended to be an Incentive Stock Option (or any portion thereof) shall not qualify as an Incentive Stock Option, then,
to the extent of such nonqualification, such Option or portion thereof shall be regarded as a Nonqualified Stock Option appropriately granted under the Plan. 

  

	(2)	 No Incentive Stock Option may be granted more than ten (10) years from the date the Plan is adopted, or
the date the Plan is approved by the shareholders, whichever is earlier. 

  

	(3)	 Each Participant awarded an Incentive Stock Option under the Plan shall notify the Company in writing
immediately after the date he or she makes a disqualifying disposition of any Shares acquired pursuant to the exercise of such Incentive Stock Option. A disqualifying disposition is any disposition (including, without limitation, any sale) of such
Shares before the later of (i) two (2) years after the Grant Date of the Incentive Stock Option or (ii) one (1) year after the date of exercise of the Incentive Stock Option. The Company may, if determined by the Compensation Committee and
in accordance with procedures established by the Compensation Committee, retain possession, as agent for the applicable Participant, of any Shares acquired pursuant to the exercise of an Incentive Stock Option until the end of the period described
in the preceding sentence, subject to complying with any instructions from such Participant as to the sale of such Shares. 

  

	(4)	 To the extent that a Participant has received Incentive Stock Options and that any of the more general language
in this Article 3 conflicts with the language in this Section 3.9, the language of Section 3.9 shall be controlling. 

Article 4—STOCK APPRECIATION RIGHTS 

Section 4.1 Nature of SARs 
 A SAR is
stock appreciate right granted to a Participant representing the right to receive, subject to restrictions and conditions as the Compensation Committee may determine at the time of grant, a cash payment or Shares in lieu of cash having an aggregate
value equal to the product of (i) the excess of (A) the Market Value on the exercise date of one Share divided by (B) the base price per Share specified in the Award Agreement, multiplied by (ii) the number of Shares specified by
the SAR, or the portion thereof, that is exercised. The base price per Share specified in the Award Agreement shall not be less than the Market Value on the date of grant. 

  
 12 

 Section 4.2 SAR Awards 

Each SAR must be confirmed by an Award Agreement that sets forth the terms, conditions and limitations for each SAR and may include, without
limitation, whether the SAR is settled in cash or Shares, the vesting, expiry and base price per Share of the SAR and the provisions applicable in the event employment or service terminates, and shall contain such terms that may be considered
necessary in order that the SAR will comply with any provisions respecting SARs in the income tax or other laws in force in any country or jurisdiction of which the Participant may from time to time be a resident or citizen or the rules of any
regulatory body having jurisdiction over the Company. If, upon the exercise of a SAR, a Participant is to receive a portion of such payment in Shares, the number of Shares shall be determined by dividing such portion by the Market Value on the
exercise date. No fractional Shares will be issued upon the exercise of a SAR granted under the Plan and, accordingly, if a Participant would become entitled to a fractional Share upon the exercise of a SAR, or from an adjustment pursuant to
Section 8.1, such Participant will only have the right to acquire the next lowest whole number of Shares and will receive a cash payment in lieu of such fractional Shares. 

Section 4.3 Exercise of SARs 
 SARs
shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Compensation Committee as set out in the Participant’s Award Agreement; provided, however, that SARs granted under the Plan may
not have a term in excess of ten years’ duration unless required otherwise by applicable law. 
 ARTICLE 5—DEFERRED SHARE UNITS

 Section 5.1 Nature of DSUs. 

A DSU is a unit granted to a Participant representing the right to receive a Share or the Cash Equivalent, subject to restrictions and
conditions as the Compensation Committee may determine at the time of grant. Conditions may be based on continuing service of the Participant and/or achievement of pre-established vesting and objectives. 

Section 5.2 DSU Awards. 
  

	(1)	 Subject to the provisions herein set forth and any shareholder or regulatory approval which may be required,
the Compensation Committee shall, from time to time, in its sole discretion, (i) designate the Eligible Participants who may receive DSUs under the Plan, (ii) fix the number of DSUs, if any, to be granted to each Eligible Participant and
the date or dates on which such DSUs shall be granted, and (iii) determine the relevant conditions and vesting provisions (including, any applicable Performance Periods and Performance Criteria), the whole subject to the terms and conditions
prescribed in the Plan and in any Award Agreement, as applicable. 

  

	(2)	 Each DSU must be confirmed by an Award Agreement that sets forth the terms, conditions and limitations for each
DSU and may include, without limitation, the vesting and terms of the DSUs and the provisions applicable in the event employment or service terminates, and shall contain such terms that may be considered necessary in order that the DSU will comply
with any provisions respecting DSUs in the income tax or other laws in force in any country or jurisdiction of which the Participant may from time to time be a resident or citizen or the rules of any regulatory body having jurisdiction over the
Company. 

  

	(3)	 Any DSUs that are awarded to a Participant who is a resident of Canada or employed in Canada (each for purposes
of the Tax Act) shall be structured so as to be considered to be a plan described in section 7 of the Tax Act or to meet requirements of paragraph 6801(d) of the Income Tax Regulations adopted under the Tax Act (or any successor to such provisions).

  
 13 

	(4)	 Subject to vesting and other conditions and provisions set forth herein and in the Award Agreement, the
Compensation Committee shall determine whether each DSU awarded to a Participant shall entitle the Participant: (i) to receive one Share issued from treasury; (ii) to receive the Cash Equivalent of one Share; or (iii) to elect to
receive either one Share from treasury, the Cash Equivalent of one Share or a combination of cash and Shares.  

Section 5.3 Redemption of DSUs. 
  

	(1)	 Subject to Section 5.3(2), each Participant that has been awarded DSUs shall be entitled to redeem his or
her DSUs during the period commencing on the Business Day immediately following the Termination Date and ending on the date that is not later than December 15 of the year following the Termination Date, or a shorter such redemption period set
out in the relevant Award Agreement, by providing a written notice of settlement to the Company setting out the number of DSUs to be settled and the particulars regarding the registration of the Shares issuable upon settlement, if applicable (the
“DSU Redemption Notice”). In the event of the death of a Participant, the Notice of Redemption shall be filed by the administrator or liquidator of the estate of the Participant. 

 

	(2)	 If a DSU Redemption Notice is not received by the Company on or before the 90th day following the Termination
Date, the Participant shall be deemed to have delivered a DSU Redemption Notice on the 90th day following the Termination Date and the Compensation Committee shall determine the number of DSUs to be settled by way of Shares, the Cash Equivalent or a
combination of Shares and the Cash Equivalent and delivered to the Participant, administrator or liquidator of the estate of the Participant, as applicable. 

  

	(3)	 Subject to Section 9.4 and the Award Agreement, settlement of DSUs shall take place promptly following the
Company’s receipt or deemed receipt of the DSU Redemption Notice through: 

  

	 	(a)	 in the case of settlement DSUs for their Cash Equivalent, delivery of bank draft, certified cheque or other
acceptable form of payment to the Participant representing the Cash Equivalent; 

  

	 	(b)	 in the case of settlement of DSUs for Shares, delivery of a Share to the Participant; or 

 

	 	(c)	 in the case of settlement of DSUs for a combination of Shares and the Cash Equivalent, a combination of
(a) and (b) above. 

 ARTICLE 6—SHARE UNITS 

Section 6.1 Nature of Share Units. 
 A
Share Unit is an award that is either a PSU or RSU entitling the recipient to acquire Shares, at such purchase price (which may be zero) as determined by the Compensation Committee, subject to such restrictions and conditions as the Compensation
Committee may determine at the time of grant. Conditions may be based on continuing employment (or other service relationship) and/or achievement of pre-established performance goals and objectives. 

  
 14 

 Section 6.2 Share Unit Awards. 

 

	(1)	 Subject to the provisions herein set forth and any shareholder or regulatory approval which may be required,
the Compensation Committee shall, from time to time, in its sole discretion, (i) designate the Eligible Participants who may receive RSUs and/or PSUs under the Plan, (ii) fix the number of RSUs and/or PSUs, if any, to be granted to each
Eligible Participant and the date or dates on which such RSUs and/or PSUs shall be granted, and (iii) determine the relevant conditions and vesting provisions (including, in the case of PSUs, the applicable Performance Period and Performance
Criteria, if any) and Restriction Period of such RSUs and/or PSUs, the whole subject to the terms and conditions prescribed in the Plan and in any Award Agreement. 

 

	(2)	 Each RSU must be confirmed by an Award Agreement that sets forth the terms, conditions and limitations for each
RSU and may include, without limitation, the vesting and terms of the RSUs and the provisions applicable in the event employment or service terminates, and shall contain such terms that may be considered necessary in order that the RSUs will comply
with any provisions respecting RSUs in the income tax or other laws in force in any country or jurisdiction of which the Participant may from time to time be a resident or citizen or the rules of any regulatory body having jurisdiction over the
Company. 

  

	(3)	 Each PSU must be confirmed by an Award Agreement that sets forth the terms, conditions and limitations for each
PSU and may include, without limitation, the applicable Performance Period and Performance Criteria, vesting and terms of the PSUs and the provisions applicable in the event employment or service terminates, and shall contain such terms that may be
considered necessary in order that the PSUs will comply with any provisions respecting PSUs in the income tax or other laws in force in any country or jurisdiction of which the Participant may from time to time be a resident or citizen or the rules
of any regulatory body having jurisdiction over the Company. 

  

	(4)	 Any RSUs or PSUs that are awarded to an Eligible Participant who is a resident of Canada or employed in Canada
(each for purposes of the Tax Act) shall be structured so as to be considered to be a plan described in section 7 of the Tax Act or in such other manner to ensure that such award is not a “salary deferral arrangement” as defined in the Tax
Act (or any successor to such provisions). 

  

	(5)	 Subject to the vesting and other conditions and provisions set forth herein and in the Award Agreement, the
Compensation Committee shall determine whether each RSU and/or PSU awarded to a Participant shall entitle the Participant: (i) to receive one Share issued from treasury; (ii) to receive the Cash Equivalent of one Share; or (iii) to
elect to receive either one Share from treasury, the Cash Equivalent of one Share or a combination of cash and Shares. 

Section 6.3 Performance Criteria and Performance Period Applicable to PSU Awards. 

 

	(1)	 For each award of PSUs, the Compensation Committee shall establish the period in which any Performance Criteria
and other vesting conditions must be met in order for a Participant to be entitled to receive Shares in exchange for all or a portion of the PSUs held by such Participant (the “Performance Period”). 

  
 15 

	(2)	 For each award of PSUs, the Compensation Committee shall establish any Performance Criteria and other vesting
conditions in order for a Participant to be entitled to receive Shares in exchange for his or her PSUs. 

 Section 6.4 Share Unit
Vesting Determination Date. 
 The vesting determination date means the date on which the Compensation Committee determines if the
Performance Criteria and/or other vesting conditions with respect to a RSU and/or PSU have been met (the “Share Unit Vesting Determination Date”), and as a result, establishes the number of RSUs and/or PSUs that become vested, if
any. 
 ARTICLE 7—GENERAL CONDITIONS 

Section 7.1 General Conditions applicable to Awards. 

Each Award, as applicable, shall be subject to the following conditions:  

 

	(1)	 Employment or Service—The granting of an Award to a Participant shall not impose upon the Company
or a Subsidiary any obligation to retain the Participant in its employ or consultancy in any capacity. For greater certainty, the granting of Awards to a Participant shall not impose any obligation on the Company to grant any awards in the future
nor shall it entitle the Participant to receive future grants. 

  

	(2)	 Rights as a Shareholder—Neither the Participant nor such Participant’s personal
representatives or legatees shall have any rights whatsoever as shareholder in respect of any Shares covered by such Participant’s Awards until the date of issuance of a share certificate to such Participant (or to the liquidator, executor or
administrator, as the case may be, of the estate of the Participant) or the entry of such person’s name on the share register for the Shares. Without in any way limiting the generality of the foregoing, no adjustment shall be made for dividends
or other rights for which the record date is prior to the date such share certificate is issued or entry of such person’s name on the share register for the Shares. 

 

	(3)	 Other Forfeitures—Notwithstanding any other provision of this Plan or any Award Agreement, all
unvested Awards held by a Participant shall be forfeited and shall be of no further value whatsoever if such Participant fails to comply with the terms of any confidentiality, non-competition, non-disclosure, non-disparagement or non-solicitation restriction relating to the Company or its Affiliates, as the case may be,
contained in any agreement entered into between such Participant and the Company and/or any Affiliate (including, without limitation, any Award Agreement), whether or not such restriction is deemed enforceable or unenforceable.

  

	(4)	 Conformity to Plan – In the event that an Award is granted or an Award Agreement is executed which
does not conform in all particulars with the provisions of the Plan, or purports to grant Awards on terms different from those set out in the Plan, the Award or the grant of such Award shall not be in any way void or invalidated, but the Award so
granted will be adjusted to become, in all respects, in conformity with the Plan. 

  

	(5)	 Non-Transferability – Except as set forth herein, Awards
are not transferable. Awards may be exercised only by: 

  

	 	(a)	 the Participant to whom the Awards were granted; 

  
 16 

	 	(b)	 with the Compensation Committee’s prior written approval and subject to such conditions as the
Compensation Committee may stipulate, such Participant’s family or retirement savings trust; 

  

	 	(c)	 upon the Participant’s death, by the legal representative of the Participant’s estate; or

  

	 	(d)	 upon the Participant’s incapacity, the legal representative having authority to deal with the property of
the Participant; 

 provided that any such legal representative shall first deliver evidence satisfactory to the Company of
entitlement to exercise any Award. A person exercising an Award may subscribe for Shares only in the person’s own name or in the person’s capacity as a legal representative. Under no circumstances may Incentive Stock Option awards be
transferred by a Participant. 
 Section 7.2 Dividend Share Units. 

When dividends (other than stock dividends) are paid on Shares, Participants may, subject to the terms and conditions set out in a
Participant’s Award Agreement, receive additional SARs, DSUs, RSUs and/or PSUs, as applicable (“Dividend Share Units”) as of the dividend payment date. The number of Dividend Share Units to be granted to the Participant, if any
shall be determined by multiplying the aggregate number of SARs, DSUs, RSUs and/or PSUs, as applicable, held by the Participant on the relevant record date by the amount of the dividend paid by the Company on each Share, and dividing the result by
the Market Value on the dividend payment date, which Dividend Share Units shall be in the form of SARs, DSUs, RSUs and/or PSUs, as applicable. Dividend Share Units granted to a Participant in accordance with this Section 7.2 shall be subject to
the same vesting conditions applicable to the related SARs, DSUs, RSUs and/or PSUs in accordance with the respective Award Agreement. If and to the extent that the Dividend Share Units are settled in Shares, such Dividend Share Units shall be
counted towards the Share Limit. 
 Section 7.3 Unfunded Plan. 

Unless otherwise determined by the Compensation Committee, the Plan shall be unfunded. To the extent any Participant or his or her estate holds
any rights by virtue of a grant of Awards under the Plan, such rights (unless otherwise determined by the Compensation Committee) shall be no greater than the rights of an unsecured creditor of the Company. 

ARTICLE 8—ADJUSTMENTS AND AMENDMENTS 

Section 8.1 Adjustment to Shares Subject to Outstanding Awards. 
  

	(1)	 In the event of any stock dividend, stock split, combination or exchange of Shares, merger, consolidation, spin-off or other distribution (other than normal cash dividends) of the Company’s assets to shareholders, or any other change in the Shares, the Compensation Committee will make such proportionate adjustments,
if any, as the Compensation Committee in its discretion, subject to regulatory approval, may deem appropriate to reflect such change (for the purpose of preserving the value of the Awards), with respect to (i) the number or kind of Shares or
other securities reserved for issuance pursuant to the Plan; and (ii) the number or kind of Shares or other securities subject to unexercised Awards previously granted and the exercise price of those 

  
 17 

 Awards provided, however, that no substitution or adjustment will obligate the
Company to issue or sell fractional Shares. The existence of any Awards does not affect in any way the right or power of the Company or an Affiliate or any of their respective shareholders to make, authorize or determine any adjustment,
recapitalization, reorganization or any other change in the capital structure or the business of, or any amalgamation, merger or consolidation involving, to create or issue any bonds, debentures, shares or other securities of, or to determine the
rights and conditions attaching thereto, to effect the dissolution or liquidation of or any sale or transfer of all or any part of the assets or the business of, or to effect any other corporate act or proceeding relating to, whether of a similar
character or otherwise, the Company or such Affiliate, whether or not any such action would have an adverse effect on the Plan or any Award granted hereunder. Awards issued in connection with the assumption of, or in substitution for, outstanding
options intended to qualify as “incentive stock options” within the meaning of Section 422 of the Code shall be counted against the aggregate number of shares of Shares available for Awards of Incentive Stock Options under the Plan.
Any adjustment in Incentive Stock Options under this Article 7 (other than any cancellation of Incentive Stock Options) shall be made only to the extent not constituting a “modification” within the meaning of Section 424(h)(3) of the
Code. 
 Section 8.2 Amendment or Discontinuance of the Plan. 
  

	(1)	 The Compensation Committee may, in its sole discretion, suspend or terminate the Plan at any time or from time
to time and/or amend or revise the terms of the Plan or of any Award granted under the Plan and any agreement relating thereto, provided that such suspension, termination, amendment, or revision shall: 

 

	 	(a)	 not adversely alter or impair any Award previously granted except as permitted by the terms of the Plan or upon
the consent of the applicable Participant(s); and 

  

	 	(b)	 be in compliance with applicable law, applicable NEO Exchange policies (or any other stock exchange upon which
the Company has applied to list its Shares) and with the prior approval, if required, of the shareholders of the Company.     

  

	(2)	 If the Plan is terminated, the provisions of the Plan and any administrative guidelines and other rules and
regulations adopted by the Compensation Committee and in force on the date of termination will continue in effect as long as any Award or any rights awarded or granted under the Plan remain outstanding and, notwithstanding the termination of the
Plan, the Compensation Committee will have the ability to make such amendments to the Plan or the Awards as they would have been entitled to make if the Plan were still in effect. 

 

	(3)	 The Compensation Committee may from time to time, in its discretion and without the approval of shareholders,
make changes to the Plan or any Award that do not require the approval of shareholders under Section 8.2(1) which may include but are not limited to: 

  

	 	(a)	 a change to the vesting provisions of any Award granted under the Plan; 

 

	 	(b)	 a change to the provisions governing the effect of termination of a Participant’s employment, contract or
office; 

  
 18 

	 	(c)	 a change to accelerate the date on which any Award may be exercised under the Plan; 

 

	 	(d)	 an amendment of the Plan or an Award as necessary to comply with applicable law or the requirements of any
exchange upon which the securities of the Company are then listed or any other regulatory body having authority over the Company, the Plan, the Participants or the shareholders of the Company; 

 

	 	(e)	 any amendment of a “housekeeping” nature, including without limitation those made to clarify the
meaning of an existing provision of the Plan or any agreement, correct or supplement any provision of the Plan that is inconsistent with any other provision of the Plan or any agreement, correct any grammatical or typographical errors or amend the
definitions in the Plan regarding administration of the Plan; or 

  

	 	(f)	 any amendment regarding the administration of the Plan. 

 

	(4)	 Notwithstanding the foregoing or any other provision of the Plan, shareholder approval is required for the
following amendments to the Plan: 

  

	 	(a)	 Any amendment which would permit Awards granted under the Plan to be transferable or assignable other than for
normal estate settlement purposes; 

  

	 	(b)	 any increase in the maximum number of Shares that may be issuable from treasury pursuant to awards granted
under the Plan, other than an adjustment pursuant to Section 8.1; 

  

	 	(c)	 any reduction in the exercise price of an Award benefitting an Insider, except in the case of an adjustment
pursuant to Section 8.1; 

  

	 	(d)	 any extension of the Expiry Date of an Award benefitting an Insider, except in case of an extension due to a black-out period; 

  

	 	(a)	 any extension of the Expiry Date of an Award where the exercise price is lower than the market price, except in
case of an extension due to a black-out period; 

  

	 	(b)	 any amendment to remove or to exceed the Insider participation limit set out in Section 2.5(1); and

  

	 	(e)	 any amendment to Section 8.2(3) or Section 8.2(4) of the Plan, as amended by the Addendum for U.S.
Participants. 

 Section 8.3 Change of Control. 
  

	(1)	 Despite any other provision of the Plan and subject to any Award Agreement, in the event of a Change of
Control, all unvested Awards then outstanding will, as applicable, be substituted by or replaced with awards of the surviving corporation (or any Affiliate thereof) or the potential successor (or any Affiliate thereto) (the “continuing
entity”) on the same terms and conditions as the original Awards, subject to appropriate adjustments that do not materially diminish the value of the original Awards. 

  
 19 

	(2)	 No fractional Shares or other security will be issued upon the exercise of any Award and accordingly, if as a
result of a Change of Control, a Participant would become entitled to a fractional Share or other security, such participant will have the right to acquire only the next lowest whole number of Shares or other security and no payment or other
adjustment will be made with respect to the fractional interest so disregarded. 

  

	(3)	 In the event of a potential Change of Control, the vesting terms of Awards shall be subject to the
Participant’s Award Agreement. Notwithstanding the foregoing, despite anything else to the contrary in the Plan, in the event of a potential Change of Control the Compensation Committee will have the power, in its sole discretion, to modify the
terms of the Plan and/or the Awards to assist the Participants in tendering to a take-over bid or other transaction leading to a Change of Control. For greater certainty, in the event of a take-over bid or other transaction leading to a Change of
Control, the Compensation Committee has the power, in its sole discretion, to accelerate the vesting of Awards and to permit Participants to conditionally exercise their Awards, such conditional exercise to be conditional upon the take-up by such offeror of the Shares or other securities tendered to such take-over bid in accordance with the terms of the take-over bid (or the effectiveness of such other transaction leading to a Change of
Control). If, however, the potential Change of Control referred to in this Section 8.3(3) is not completed within the time specified (as the same may be extended), then despite this Section 8.3(3) or the definition of “Change of
Control”, (i) any conditional exercise of vested Awards will be deemed to be null, void and of no effect, and such conditionally exercised Awards will for all purposes be deemed not to have been exercised, and (ii) Awards which vested
pursuant to this Section 8.3(3) will be returned by the Participant to the Company and reinstated as authorized but unissued Shares and the original terms applicable to such Awards will be reinstated. 

 

	(4)	 If the Compensation Committee has, pursuant to the provisions of Section 8.3(3) permitted the conditional
exercise of Awards in connection with a potential Change of Control, then the Compensation Committee will have the power, in its sole discretion, to terminate, immediately following actual completion of such Change of Control and on such terms as it
sees fit, any Awards not exercised (including all vested and unvested Awards). 

 ARTICLE 9—MISCELLANEOUS 

Section 9.1 Currency. 
 Unless
otherwise specifically provided, all references to dollars in the Plan are references to U.S. dollars. 
 Section 9.2 Compliance and Award
Restrictions. 
  

	(1)	 The Company’s obligation to issue and deliver Shares under any Award is subject to: (i) the
completion of such registration or other qualification of such Shares or obtaining approval of such regulatory authority as the Company shall determine to be necessary or advisable in connection with the authorization, issuance or sale thereof;
(ii) the admission of such Shares to listing on any stock exchange on which such Shares may then be listed; and (iii) the receipt from the Participant of such representations, agreements and undertakings as to future dealings in such
Shares as the Company determines to be necessary or advisable in order to safeguard against the violation of 

  
 20 

 the securities laws of any jurisdiction. The Company shall take all commercially reasonable
steps to obtain such approvals, registrations and qualifications as may be necessary for the issuance of such Shares in compliance with applicable securities laws and for the listing of such Shares on any stock exchange on which such Shares are then
listed.     
  

	(2)	 The Participant agrees to fully cooperate with the Company in doing all such things, including executing and
delivering all such agreements, undertakings or other documents or furnishing all such information as is reasonably necessary to facilitate compliance by the Company with such laws, rule and requirements, including all tax withholding and remittance
obligations. 

  

	(3)	 No Awards will be granted where such grant is restricted pursuant to the terms of any trading policies or other
restrictions imposed by the Company. 

  

	(4)	 The Company is not obliged by any provision of the Plan or the grant of any Award under the Plan to issue or
sell Shares if, in the opinion of the Compensation Committee, such action would constitute a violation by the Company or a Participant of any laws, rules and regulations or any condition of such approvals. 

 

	(5)	 If Shares cannot be issued to a Participant upon the exercise or settlement of an Award due to legal or
regulatory restrictions, the obligation of the Company to issue such Shares will terminate and, if applicable, any funds paid to the Company in connection with the exercise of any Options will be returned to the applicable Participant as soon as
practicable. 

  

	(6)	 At the time a Participant ceased to hold Awards which are or may become exercisable, the Participant ceases to
be a Participant. 

  

	(7)	 Nothing contained herein will prevent the Compensation Committee from adopting other or additional Share
Compensation Arrangements for the benefit of any Participant or any other Person, subject to any required regulatory, shareholder or other approval. 

Section 9.3 Use of an Administrative Agent and Trustee. 

The Compensation Committee may in its sole discretion appoint from time to time one or more entities to act as administrative agent to
administer the Awards granted under the Plan and to act as trustee to hold and administer the assets that may be held in respect of Awards granted under the Plan, the whole in accordance with the terms and conditions determined by the Compensation
Committee in its sole discretion. The Company and the administrative agent will maintain records showing the number of Awards granted to each Participant under the Plan. 

Section 9.4 Tax Withholding. 
  

	(1)	 Notwithstanding any other provision of the Plan, all distributions, delivery of Shares or payments to a
Participant (or to the liquidator, executor or administrator, as the case may be, of the estate of the Participant) under the Plan shall be made net of applicable source deductions. If the event giving rise to the withholding obligation involves an
issuance or delivery of Shares, then with the Compensation Committee’s approval, the withholding obligation may be satisfied by (a) having the Participant elect to have the appropriate number of such Shares sold by the Company, the
Company’s transfer agent and registrar or any trustee appointed by the Company, on behalf of and as agent for the Participant as soon as permissible and practicable, with the proceeds of such sale being 

  
 21 

 delivered to the Company, which will in turn remit such amounts to the appropriate
governmental authorities, or (b) any other mechanism as may be required or appropriate to conform with local tax and other rules. Notwithstanding any other provision of the Plan, the Company shall not be required to issue any Shares or make
payments under this Plan until arrangements satisfactory to the Company have been made for payment of all applicable withholdings obligations. 
  

	(2)	 The sale of Shares by the Company, or by a Broker, under Section 9.4(1) or under any other provision of
the Plan will be made on the NEO Exchange or any other recognized exchange on which the Company’s Shares are traded. The Participant consents to such sale and grants to the Company an irrevocable power of attorney to effect the sale of such
Shares on his behalf and acknowledges and agrees that (i) the number of Shares sold will be, at a minimum, sufficient to fund the withholding obligations net of all selling costs, which costs are the responsibility of the Participant and which
the Participant hereby authorizes to be deducted from the proceeds of such sale; (ii) in effecting the sale of any such Shares, the Company or the Broker will exercise its sole judgment as to the timing and the manner of sale and will not be
obligated to seek or obtain a minimum price; and (iii) neither the Company nor the Broker will be liable for any loss arising out of such sale of the Shares including any loss relating to the pricing, manner or timing of the sales or any delay
in transferring any Shares to a Participant or otherwise. 

  

	(3)	 The Participant further acknowledges that the sale price of the Shares will fluctuate with the market price of
the Shares and no assurance can be given that any particular price will be received upon any sale. The Company makes no representation or warranty as to the future market value of the Shares or with respect to any income tax matters affecting the
participant resulting from the grant or exercise of an Awards and/or transactions in the Shares. Neither the Company, nor any of its directors, officers, employees, shareholders or agents will be liable for anything done or omitted to be done by
such person or any other person with respect to the price, time, quantity or other conditions and circumstances of the issuance of Shares under the Plan, with respect to any fluctuations in the market price of Shares or in any other manner related
to the Plan. 

  

	(4)	 Notwithstanding the first paragraph of this Section 9.4, the applicable tax withholdings may be waived
where the Participant directs in writing that a payment be made directly to the Participant’s registered retirement savings plan in circumstances to which regulation 100(3) of the regulations of the Tax Act apply.  

Section 9.5 Reorganization of the Company. 

The existence of any Awards shall not affect in any way the right or power of the Company or its shareholders to make or authorize any
adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, or any amalgamation, combination, merger or consolidation involving the Company or to create or issue any bonds, debentures, shares
or other securities of the Company or the rights and conditions attaching thereto or to affect the dissolution or liquidation of the Company or any sale or transfer of all or any part of its assets or business, or any other corporate act or
proceeding, whether of a similar nature or otherwise. 

  
 22 

 Section 9.6 Governing Laws. 

The Plan and all matters to which reference is made herein shall be governed by and interpreted in accordance with the laws of the state of New
York and the federal laws of the United States of America applicable therein. 
 Section 9.7 Successors and Assigns. 

The Plan shall be binding on all successors and assigns of the Company and a Participant, including without limitation, the personal legal
representatives of a Participant, or any receiver or trustee in bankruptcy or representative of the Company’s or Participant’s creditors. 

Section 9.8 Severability. 
 The
invalidity or unenforceability of any provision of the Plan shall not affect the validity or enforceability of any other provision and any invalid or unenforceable provision shall be severed from the Plan. 

Section 9.9 No liability. 
 No member
of the Board, Compensation Committee or officer of the Company shall be liable for any action or determination taken or made in good faith in the administration, interpretation, construction or application of the Plan or any Award granted
hereunder.     
 Section 9.10 Effective Date of the Plan. 

The Plan was approved by the Compensation Committee for and on behalf of the Board and shall take effect on April 26, 2019, as amended and
restated this June 1, 2021. 

  
 23 

 ADDENDUM FOR U.S. PARTICIPANTS 

COLUMBIA CARE INC. 

OMNIBUS LONG-TERM INCENTIVE PLAN 
 The
provisions of this Addendum apply to Awards held by a U.S. Participant. All capitalized terms used in this Addendum but not defined in Section 1 below have the meanings attributed to them in the Plan. The Section references set forth below
match the Section references in the Plan. This Addendum shall have no other effect on any other terms and provisions of the Plan except as set forth below. 
  

	1.	 Definitions 

“Separation from Service” means, with respect to a U.S. Participant, any event that may qualify as a separation from service under Treasury
Regulation Section 1.409A-1(h). A U.S. Participant shall be deemed to have separated from service if he or she dies, retires, or otherwise has a termination of employment as defined under Treasury
Regulation Section 1.409A-1(h). 
 “Specified Employee” has the meaning set forth in Treasury
Regulation Section 1.409A-1(i).     
 “Termination Date” has the meaning
in Section 1.1 of the Plan, provided that if the Termination Date triggers payment of any Award which is “deferred compensation” under Code Section 409A, the Termination Date shall be the date of the Separation from
Service.     
  

	2.	 Section 3.4 is deleted in its entirety and replaced with the following: 

“Subject to Section 8.2, each Option must be exercised no later than ten (10) years after the date the Option is granted or such
shorter period as set out in the Participant’s Option Agreement, at which time such Option will expire (the “Expiry Date”). Notwithstanding any other provision of the Plan and provided that any such extension be structured in a manner
that is expected to comply with Code Section 409A (to the extent applicable), each Option that would expire during or within ten (10) Business Days immediately following a Black-Out Period shall
expire on the date that is ten (10) Business Days immediately following the expiration of the Black-Out Period; provided, that in all circumstances, each Incentive Stock Option must be exercised no later
than ten (10) years after the date the Option is granted.“ 
  

	3.	 Section 5.2 is amended by adding the following new (5): 

With respect to any DSUs awarded to a U.S. Participant the Compensation Committee shall endeavor to structure the DSU so as to comply with, or
be exempt from, Code Section 409A.     
  

	4.	 Section 6.2 is amended by adding the following new (5): 

With respect to any RSUs or PSUs awarded to a U.S. Participant the Compensation Committee shall endeavor to structure the RSU and/or PSU so as
to comply with, or be exempt from, Code Section 409A.     
  

	5.	 Section 6.4 is deleted in its entirety and replaced with the following: 

The vesting determination date means the date on which the Compensation Committee determines if the Performance Criteria and/or other vesting
conditions with respect to a RSU and/or PSU have been met (the “Share Unit Vesting Determination Date”), and as a result, establishes the number of RSUs and/or PSUs that become vested, if any. 

  
 24 

 Notwithstanding the foregoing, if the U.S. Participant vests in his or her Share Units
pursuant to the Plan in connection with his or her Separation from Service, within 30 days following such U.S. Participant’s Separation from Service and subject to Section 9.4, the Company shall (i) issue from treasury the number of
Shares that is equal to the number of vested Share Units held by the U.S. Participant as at the U.S. Participant’s Separation from Service (rounded down to the nearest whole number), as fully paid and
non-assessable Shares, (ii) deliver to the U.S. Participant an amount in cash (net of the applicable tax withholdings) equal to the number of vested Share Units held by the U.S. Participant as at the U.S.
Participant’s Separation from Service multiplied by the Market Value as at such date, or (iii) a combination of (i) and (ii). Upon settlement of such Share Units, the corresponding number of Share Units shall be cancelled and the U.S.
Participant shall have no further rights, title or interest with respect thereto.” 
  

	6.	 Section 8.2(4) is amended by deleting clauses (b) and (c) thereof in their entirety and
replacing them with the following  

 b. any reduction in the exercise price of an Award benefitting a U. S.
Participant, except in the case of an adjustment pursuant to Section 8.1; 
 c. any extension of the Expiry Date of an Award benefitting
a U.S. Participant, except in case of an extension due to a Black-Out Period; provided that any such extension be structured in a manner that is expected to comply with Code Section 409A (to the extent
applicable); 
 7. No Acceleration  
 With respect to
any Award held by a U.S. Participant that is subject to Code Section 409A, the acceleration of the time or schedule of any payment except as provided under the Plan (including this addendum) is prohibited, except as provided in or permitted by
regulations and administrative guidance promulgated under Code Section 409A.  
 8. Code Section 409A  

Each grant of Share Units to a U.S. Participant is intended to be exempt from Code Section 409A. However, to the extent any Award is subject to
Section 409A, then 
  

	 	(a)	 all payments to be made upon a U.S. Participant’s Termination Date shall only be made upon a Separation
from Service. 

  

	 	(b)	 if on the date of the U.S. Participant’s Separation from Service the Company’s shares (or shares of
any other Company that is required to be aggregated with the Company in accordance with the requirements of Code Section 409A) is publicly traded on an established securities market or otherwise and the U.S. Participant is a Specified Employee,
then the benefits payable to the Participant under the Plan that are payable due to the U.S. Participant’s Separation from Service shall be postponed until the earlier of the originally scheduled date and six months following the U.S.
Participant’s Separation from Service. The postponed amount shall be paid to the U.S. Participant in a lump sum within 30 days after the earlier of the originally scheduled date and the date that is six months following the U.S.
Participant’s Separation from Service. If the U.S. Participant dies during such six month period and prior to the payment of the postponed amounts hereunder, the amounts delayed on account of Code Section 409A shall be paid to the U.S.
Participant’s estate within 60 days following the U.S. Participant’s death. 

  
 25 

 If any provision of the Plan contravenes Code Section 409A or could cause the U.S.
Participant to incur any tax, interest or penalties under Code Section 409A, the Compensation Committee may, in its sole discretion and without the U.S. Participant’s consent, modify such provision to: (i) comply with, or avoid being
subject to, Code Section 409A, or to avoid incurring taxes, interest and penalties under Code Section 409A; and/or (ii) maintain, to the maximum extent practicable, the original intent and economic benefit to the U.S. Participant of
the applicable provision without materially increasing the cost to the Company or contravening Code Section 409A. However, the Company shall have no obligation to modify the Plan or any Share Unit and does not guarantee that Share Units will
not be subject to taxes, interest and penalties under Code Section 409A. 

  
 26

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00342-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00342-of-00352.parquet"}]]