Document:

Exhibit 10.13

 

	January
    1, 2019	PROMISSORY
    NOTE	$200,000

 

FOR
VALUE RECEIVED, the undersigned, Hollyweed North Cannabis Inc. (the "Borrower"), hereby promises to pay to or to the order
of Livio Susin (the "Lender") (on behalf of David Anthony) in Vancouver, British Columbia, or any other place as the Lender
may from time to time designate by notice in writing to the Borrower, the principal amount of TWO HUNDRED THOUSAND DOLLARS ($200,000.00)
(the "Principal Amount") in lawful currency of Canada on March 31, 2019.

 

Interest
totaling TEN THOUSAND, FIVE HUNDRED DOLLARS ($10,500.00) for the loan period must be prepaid no later than January 31, 2019. The Borrower
may at any time and from time to time without notice, penalty or bon us, prepay the Principal Amount or a portion thereof.

 

Legal
and documentation fees for the loan totaling ONE THOUSAND, THREE HUNDRED AND FIFTY DOLLARS ($1,350.00) are due and payable upon advance
of the promissory note principal.

 

The
Borrower hereby agrees that the Lender may file a financing statement pursuant to the Personal Property Security Act (British Columbia)
with respect to the debt owning pursuant to this Note, at the sole cost of the Lender.

 

The
Borrower HEREBY WAIVES demand and presentment for payment, protest and notice of protest and dishonor of this Note. The Lender may assign
this Note in it sole discretion.

 

This
Note shall be governed by and construed in accordance with the laws of the Province of British Columbia and the laws of Canada applicable
in British Columbia.

 

IN
WITNESS WHEREOF this Note has been executed by the Borrower with effect as of the date first written above.

 

Hollyweed
North Cannabis Inc., by its authorized signatory:

 

	Signed:
	/s/
    Renee Gagnon	 
	Per:	Renee
    Gagnon	 
	 	 
	Livio
    Susin:	 	 
	 	 	 
	Signed:	/s/
    Livio Susin	 

 

     

     

    

 

	March
    31, 2019	PROMISSORY
    NOTE EXTENSION AGREEMENT	$200,000

 

This
Promissory Note Extension Agreement, hereinafter referred to as "Extension Agreement," is entered into as of the date above
written, by and between Hollyweed North Cannabis Inc. (the "Borrower"), and Livio Susin (thee "Lender") (on behalf
of David Anthony).

 

WHEREAS,
Borrower and Lender have entered into a Promissory Note dated January 1, 2019, in the original principal amount of $200,000 CAD, hereinafter
referred to as the "Note". The Note was originally due March 31, 2019.

 

WHEREAS,
the principal balance of the Note immediately prior to this Extension Agreement is $200,000 CAD; and

 

WHEREAS,
Borrower and Lender desire to enter into this Extension Agreement in order to extend the due date of the Note to September 30, 2019;

 

NOW,
THEREFORE, Borrower and Lender hereby agree as follows:

 

		1.	The
                                            maturity date of the Note is extended to September 30, 2019 (the "Extended Maturity
                                            Date").

 

		2.	Interest
                                            of $3,500 per month shall be payable monthly, in arrears on the last day of each month.

 

		3.	All
                                            other terms and conditions of the Note remain unchanged and in effect.

 

IN
WITNESS WHEREOF, the parties have executed and agreed to this Agreement as of the date first set forth above.

 

Hollyweed
North Cannabis Inc., by its authorized signatory:

 

	Signed
	/s/
    Renee Gagnon	 
	Per:	Renee
    Gagnon, CEO	 
	 	 	 
	Livio
    Susin: 	 	 
	 	 	 
	Signed:	/s/
    Livio SusinExhibit 10.14

 

	February
    19, 2019	SHORT-TERM
    LOAN	$330,000

 

THIS
SHORT-TERM LOAN AGREEMENT (this "Note") is entered into as of the date above written, by and between Hollyweed North Cannabis
Inc. (the "Borrower"), and Livio Susin (the "Lender"),

 

WHEREAS,
the Borrower wishes to borrow from the Lender, and the Lender wishes to lend to the Borrower up to the sum of THREE HUNDRED AND THIRTY
THOUSAND DOLLARS ($330,000 CAD).

 

WHEREAS,
the Borrower and the Lender wish to document the terms of such loan and to set forth their mutual understanding with respect to how the
repayment of such amounts shall be accomplished.

 

WHEREAS,
the Borrower and the Lender wish to document the terms of such loan and to get forth their mutual understanding with respect to how the
repayment of such amounts shall be accomplished.

 

NOW,
THEREFORE, the parties hereby set forth their understanding as follows:

 

		1.	The
                                            Lender shall lend to the Borrower and the Borrower shall borrow from the Lender the amounts
                                            noted in Canadian dollars on the below dates:

 

	February 19, 2019	 	$	130,000	 
	February 20, 2019	 	 	25,000	 
	February 21, 2019	 	 	25,000	 
	February 25, 2019	 	 	25,000	 
	March 5, 2019	 	 	25,000	 
	March 29, 2019	 	 	15,000	 
	April 3, 2019	 	 	20,000	 
	April 4, 2019	 	 	8,500	 
	April 11, 2019	 	 	20,000	 
	April 17, 2019	 	 	36,500	 
	 	 	 	 	 
	Total	 	$	330,000	 

 

		2.	Interest
                                            shall accrue from the date of each borrowing at 2% (the "Interest Rate"), being
                                            the rate equal to the Canada Revenue Agency's prescribed interest rate in effect for the
                                            first quarter of calendar year of 2019 to calculate taxable benefits for shareholders from
                                            interest-free and low interest loans.

 

		3.	Principle
                                            and accrued interest shall become due and payable 90 days subsequent to successful completion
                                            of an initial Public Offering or a Reverse Takeover transaction which results in the Borrower's
                                            shares being listed on a Canadian public exchange.

 

		4.	The
                                            Borrower shall have the right to prepay all or any part of the outstanding principal balance
                                            of the Note without penalty.

 

		5.	The
                                            Note is unsecured.

 

		6.	The
                                            Note shall be governed by and construed in accordance with the laws of the Province of British
                                            Columbia and the laws of Canada applicable in British Columbia.

 

     

     

    

 

IN
WITNESS WHEREOF, the parties have executed and agreed to this Note as of date first set forth above.

 

	Hollyweed North Cannabis Inc., by its authorized signatory:	 
		 
	Signed	/s/ Renee Gagnon	 
	Per:	 Renee Gagnon, CEO	 
	 	 	 
	Livio Susin:	 
	 	 	 
	Signed:	/s/ Livio SusinExhibit
10.15

 

	April
    17, 2019	SHORT-TERM
    LOAN	$506,000

 

THIS
SHORT-TERM LOAN AGREEMENT (this “Note”) is entered into as of the date above written, by and between Hollyweed North Cannabis
Inc. (the “Borrower”), and 1118737 BC Ltd. (the “Lender”),

 

WHEREAS,
the Borrower wishes to borrow from the Lender, and the Lender wishes to lend to the Borrower up to the sum of FIVE HUNDRED AND SIX THOUSAND
DOLLARS ($506,000 CAD).

 

WHEREAS,
the Borrower and the Lender wish to document the terms of such loan and to set forth their mutual understanding with respect to how the
repayment of such amounts shall be accomplished.

 

NOW,
THEREFORE, the parties hereby set forth their understanding as follows:

 

		1.	The
Lender shall lend to the Borrower and the Borrower shall borrow from the Lender the amounts noted in Canadian dollars on the below dates:

 

	April 17, 2019	$	20,000
	April 23, 2019	 	16,000
	April 26, 2019	 	25,000
	April 30, 2019	 	50,000
	May 1, 2019	 	10,000
	May 6, 2019	 	75,000
	May 15, 2019	 	50,000
	May 21, 2019	 	235,000
	May 31, 2019	 	25,000
	 	 	 
	Total	$	506,000

 

		2.	Interest
                                            shall accrue from the date of each borrowing at 2% (the “Interest Rate”), being
                                            the rate equal to the Canada Revenue Agency’s prescribed interest rate in effect for the
                                            first quarter of calendar year of 2019 to calculate taxable benefits for shareholders from
                                            interest-free and low interest loans.

 

		3.	Principle
                                            and accrued interest shall become due and payable 90 days subsequent to successful completion
                                            of an initial Public Offering or a Reverse Takeover transaction which results in the Borrower’s
                                            shares being listed on a Canadian public exchange.

 

		4.	The
                                            Borrower shall have the right to prepay all or any part of the outstanding principal balance
                                            of the Note without penalty.

 

		5.	The
                                            Note is unsecured.

 

		6.	The
                                            Note shall be governed by and construed in accordance with the laws of the Province of British
                                            Columbia and the laws of Canada applicable in British Columbia.

 

     

     

    

 

IN
WITNESS WHEREOF, the parties have executed and agreed to this Note as of date first set forth above.

 

	Hollyweed North
Cannabis Inc., by its authorized signatory:

	 
	Signed	/s/ Chris Taylor	 
	Per:	Chris Taylor, CFO	 
	 	 
	1118737 BC Ltd., by its authorized signatory	 
	 	 
	Signed: 	/s/ Renee Gagnon	 
	Per:	Renee Gagnon, DirectorExhibit 10.16

 

ASSET PURCHASE AGREEMENT

 

THIS AGREEMENT dated
as of the 25th day of February, 2021 is made between:

 

HOLLYWEED NORTH CANNABIS INC., a corporation
incorporated under the laws of the Province of British Columbia, Canada (the “Purchaser”)

 

- and -

 

CHRIS MCELVANY, an individual resident
in the Town of Dorado, Puerto Rico (the “Vendor”)

 

WHEREAS the Vendor
desires to sell to the Purchaser and the Purchaser desires to purchase to the Assets upon the terms and conditions set out in this Agreement;

 

AND WHEREAS the Vendor
is the legal and beneficial owner of the Assets (as hereinafter

 

NOW THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows.

 

ARTICLE
1

INTERPRETATION

 

		1.1	Definitions.

 

In this Agreement, the following terms
shall have the meanings set out below unless the context requires otherwise:

 

		(a)	“Assets” means the Equipment and the Goodwill;

 

		(b)	“Closing” means the completion of the purchase and sale of the Assets in accordance
with the provisions of this Agreement;

 

		(c)	“Closing Date” means February 25, 2021 or such earlier or later date as agreed
to by the parties;

 

		(d)	“Encumbrance” means any and all liens, encumbrances, charges, security interests, leases,
mortgages, charges and claims whatsoever, including without limitation security registrations against the Vendor or any of the Assets;

 

		(e)	“Equipment” means all equipment, property and assets, owned by the Vendor as listed
on Schedule “A” to this Agreement;

 

		(f)	“Goodwill” means the exclusive right of the Purchaser to represent itself as carrying
on the business utilizing the Equipment;

 

		(g)	“Purchase Price” has the meaning given in Section 2.3;

 

		(h)	“Purchase Shares” has the meaning given in Section 2.3 and

 

		(i)	“$” means CDN Dollars.

 

     

     

    

 

		1.2	Section and Schedule References.

 

Unless the context requires otherwise,
references in this Agreement to Sections or Schedules are to Sections or Schedules of this Agreement. The Schedules attached to and incorporated
by reference to this Agreement are as follows:

 

Schedule “A” – Equipment

Schedule “B” - Copy of Consulting
Agreement with the Vendor

 

ARTICLE
2

PURCHASE AND SALE OF ASSETS

 

		2.1	Sale and Purchase of Assets.

 

At the Closing Date, on the terms and
subject to the conditions set forth in this Agreement, the Vendor shall sell, transfer, assign, convey and deliver to the Purchaser, and
the Purchaser shall purchase and acquire from Vendor, all right, title and interest of the Vendor in and to the following (each and all
of the foregoing items being herein collectively referred to as the “Assets”):

 

		(a)	the Equipment, listed in the attached Schedule “A”; and

 

		(b)	the Goodwill.

 

		2.2	Assumption of Liabilities.

 

Except as specifically provided for
in this Agreement, the Purchaser does not assume, agree to pay, perform or discharge or otherwise have any responsibility for any obligation,
commitment or liability of and claims (whether absolute, accrued or contingent) relating to the Assets or the Vendor arising prior to
the Closing Date. However, the Purchaser shall assume, agree to pay, perform or discharge and otherwise assume responsibility for all
obligations, commitments and liability of and claims (whether absolute, accrued or contingent) relating to the Assets arising after the
Closing Date.

 

		2.3	Purchase Price.

 

The purchase price payable (the “Purchase
Price”) by the Purchaser to the Vendor for the Assets is CDN$2,140,000 which will be paid by the issuance at Closing of 17,833,333
Class B common shares in the capital stock of the Purchaser at a deemed issue price of $0.12 per share (the “Purchase Shares”).

 

		2.4	Allocation of Purchase Price.

 

The Purchase Price shall be allocated
among the Assets as follows:

 

	All of the Equipment as detailed in the attached Schedule “A”	 	$	1,452,163	 
	All of the Goodwill	 	$	687,837	 

 

The Purchaser and the Vendor shall follow
the allocations set out above in determining and reporting their liabilities for any taxes and, without limitation, shall file their respective
income tax returns.

 

    2

     

    

 

		2.5	Goods and Services Tax.

 

The Vendor is a non-resident of Canada
and is not a registrant for GST purposes in accordance with the provisions of the Excise Tax Act (Canada) and will not be a registrant
for GST purposes on the Closing Date. Should the Vendor become registered for GST prior to the Closing Date, the Vendor shall pay the
amount of the GST, any interest thereon and any penalties with respect thereto required by law.

 

		2.6	Discharge of Encumbrance and Payment of Debts and Liabilities.

 

It is expressly understood and agreed
that except as expressly provided for in this Agreement, the Purchaser shall purchase the Assets free and clear of any and all Encumbrances.
The Vendor shall be responsible for payment of all liabilities, whether due, accruing due, deemed due, absolute or contingent, of the
Vendor which are outstanding at the Closing Date and the Purchaser shall not assume, or be responsible for any liabilities of the Vendor.
Without limiting the generality of the foregoing, the monies paid in trust shall be delivered upon the undertaking of the Vendor’s
solicitors to:

 

		(a)	pay all commissions, sales fees and similar charges payable in respect of the sale of the Assets, if any;

 

		(b)	pay out and obtain, and register, a discharge of any and all Encumbrances, whether registered or unregistered,
in relation to the Assets or the Sublease as specified in writing at Closing by the Purchaser or the Purchaser’s solicitors; and

 

		(c)	pay out and discharge any and all leases of any Assets (and thereby acquiring title thereto), whether
registered or unregistered, as specified in writing at Closing by the Purchaser or the Purchaser’s solicitors.

 

ARTICLE
3

CLOSING ARRANGEMENTS

 

		3.1	Vendor’s Closing Deliveries.

 

At the Closing, the Vendor shall deliver
or cause to be delivered to the Purchaser the following documents:

 

		(a)	a general conveyance/bill of sale of the Assets; and

 

		(b)	all deeds of conveyance, bills of sale, assurances, transfers, assignments, consents, and such other agreements,
documents and instruments as may be reasonably required by the Purchaser to complete the transactions provided for in this Agreement.

 

    3

     

    

 

		3.2	Purchaser’s Closing Deliveries.

 

At the Closing, the Purchaser shall
deliver or cause to be delivered to the Vendor:

 

		(a)	the Purchase Shares duly registered in the name of the Purchaser; and

 

		(b)	all such other agreements, documents and instruments as may be reasonably required or requested by the
Vendor to complete the transactions provided for in this Agreement.

 

		3.3	Purchaser’s Closing Conditions.

 

The transactions herein contemplated,
including the sale and purchase of the Assets in accordance with the terms of this Agreement, are subject to the following conditions,
each of which is hereby declared to be for the exclusive benefit of the Purchaser. Each of such conditions is to be fulfilled and/or performed
at or prior to the Closing Date. The Vendor agrees to use its best efforts to cause each of such conditions to be fulfilled and/or performed
at or prior to the Closing Date:

 

		(i)	the representations and warranties of the Vendor contained in this Agreement shall be true and correct
on the date hereof and at the Closing Date with the same force and effect as if such representations and warranties had been made on and
as of each of such times;

 

		(ii)	the Vendor shall have performed all obligations, covenants and agreements contained in this Agreement
to be performed by the Vendor at or prior to the Closing Date; and

 

		(iii)	no legal proceeding shall have been commenced or shall be pending or threatened against the Vendor at
law or in equity or before or by an tribunal which would affect the title of the Vendor to the Assets or would enjoin, restrict or prohibit
or would have the effect of preventing the completion of the transactions herein contemplated, including the sale and purchase of the
Assets in accordance with the terms of this Agreement.

 

In the event that any condition, obligation,
covenant or agreement of the Vendor to be fulfilled and/or performed hereunder at or prior to the Closing Date, including, without limitation,
the conditions set forth in this Section 3.3 shall not be fulfilled and/or performed at or prior to the Closing Date, the Purchaser may
rescind this Agreement by notice to the Vendor provided, however, that any of the said conditions, obligations, covenants or agreements
may be waived in whole or in part by the Purchaser without prejudice to the Purchaser’s right of rescission in the event of the
non fulfillment and/or non performance of any other condition, obligation, covenant or agreement, any such waiver to be binding on the
Purchaser only if the same is in writing.

 

    4

     

    

 

		3.4	Vendor’s Closing Conditions.

 

The transactions herein contemplated,
including the sale and purchase of the Assets in accordance with the terms of this Agreement, are subject to the following conditions,
each of which is hereby declared to be for the exclusive benefit of the Vendor. Each of such conditions is to be fulfilled and/or performed
at or prior to the Closing Date. The Purchaser agrees to use its best efforts to cause each of such conditions to be fulfilled and/or
performed at or prior to the Closing Date:

 

		(a)	the representations and warranties of the Purchaser contained in this Agreement shall be true and correct
on the date hereof and at the Closing Date with the same force and effect as if such representations and warranties had been made on and
as of each of such times;

 

		(b)	the Purchaser shall have performed all obligations, covenants and agreements contained in this Agreement
to be performed by the Purchaser at or prior to the Closing Date;

 

		(c)	no legal proceeding shall have been commenced or shall be pending or threatened against the Purchaser
at law or in equity or before or by an tribunal which would have the effect of preventing the completion of the transactions herein contemplated,
including the sale and purchase of the Assets in accordance with the terms of this Agreement; and

 

		(d)	the Purchaser shall have delivered to the Vendor, prior to the Closing Date, a business summary which
shall be acceptable to the Vendor.

 

In the event that any condition, obligation,
covenant or agreement of the Purchaser to be fulfilled and/or performed hereunder at or prior to the Closing Date, including, without
limitation, the conditions set forth in this Section 3.4 shall not be fulfilled and/or performed at or prior to the Closing Date, the
Vendor may rescind this Agreement by notice to the Purchaser provided, however, that any of the said conditions, obligations, covenants
or agreements may be waived in whole or in part by the Vendor without prejudice to the Vendor’s right of rescission in the event
of the non fulfillment and/or non performance of any other condition, obligation, covenant or agreement, any such waiver to be binding
on the Vendor only if the same is in writing.

 

ARTICLE
4

REPRESENTATIONS AND WARRANTIES

 

		4.1	Representations and Warranties of the Vendor.

 

The Vendor represents and warrants to
the Purchaser, with the intent that the Purchaser will rely thereon in entering into this Agreement and in completing the transactions
contemplated hereby, as follows:

 

		(a)	Due Authorization. The Vendor has all necessary power, authority and capacity to enter into this
Agreement and all other agreements and instruments to be executed by it as contemplated by this Agreement and to carry out their respective
obligations under this Agreement and such other agreements and instruments. The execution and delivery of this Agreement and such
other agreements and instruments and the completion of the transactions contemplated by this Agreement and such other agreements and instruments
have been duly authorized by the Vendor.

 

    5

     

    

 

		(b)	Enforceability of Obligations. This Agreement constitutes a valid and binding obligation of each
of the Vendor, enforceable against the Vendor in accordance with its terms subject, however, to limitations on enforcement imposed by
bankruptcy, insolvency, reorganization or other laws affecting the enforcement of the rights of creditors or others and to the extent
that equitable remedies such as specific performance and injunctions are only available in the discretion of the court from which they
are sought.

 

		(c)	Assets. The Vendor has, good and marketable title to all of the Assets, free and clear of all encumbrances
and charges and no party has any written or oral agreement, option, understanding or commitment, or any right or privilege capable of
becoming such for the purchase from the Vendor of any of the Assets, or any right or interest therein.

 

		(d)	Quality of Equipment. All machinery and equipment forming the Equipment is in reasonable operating
condition and in a reasonable state of repair and maintenance, subject to ordinary wear and tear for equipment of comparable age, and
has not suffered any material damage.

 

		(e)	Possession. None of the Assets are in the possession of or under the control of any person other
than the Vendor.

 

		(f)	Residence of Vendor. The Vendor is a non-resident of Canada within the meaning of Section 116 of
the Income Tax Act (Canada).

 

		(g)	Taxes: The Vendor is not in arrears or in default in respect of the filing
of any required knowledge, no claim for additional taxes, filing fees, or other amounts and assessments has been made that has not been
paid and which could result in a claim against the Purchased Assets.

 

		(h)	Liabilities: There are no liabilities of the Vendor of any kind whatsoever, contingent or otherwise,
relating to the Purchased Assets existing on the date hereof.

 

		(i)	No Actions or Suits. There is no action, suit, proceeding, claim, application, complaint or investigation
in any court or before any arbitrator or by any regulatory body or governmental or non-governmental body pending or threatened by or against
the Vendor related to or affecting the Assets.

 

		(j)	Knowledge of Matters Generally: The Vendor has no information or knowledge of any facts relating
to the Assets which, if known to the Purchaser, might reasonably be expected to deter the Purchaser from entering into this Agreement
and completing the transactions herein contemplated.

 

    6

     

    

 

		4.2	Representations and Warranties of the Purchaser.

 

The Purchaser hereby represents
and warrants to the Vendor as follows:

 

		(a)	Incorporation and Power. The Purchaser is a corporation organized under the laws of the Province
of Alberta and is duly organized and validly subsisting under such laws. The Purchaser has the corporate power and authority to enter
into this Agreement and the transactions contemplated thereby.

 

		(b)	Due Authorization. The Purchaser has all necessary corporate power, authority and capacity to enter
into this Agreement and all other agreements and instruments to be executed by it as contemplated by this Agreement and to carry out its
obligations under this Agreement and such other agreements and instruments. The execution and delivery of this Agreement and such other
agreements and instruments and the completion of the transactions contemplated by this Agreement and such other agreements and instruments
have been duly authorized by the Purchaser.

 

		(c)	Enforceability of Obligations. This Agreement constitutes a valid and binding obligation of the
Purchaser enforceable against the Purchaser in accordance with its terms subject, however, to limitations on enforcement imposed by bankruptcy,
insolvency, reorganization or other laws affecting the enforcement of the rights of creditors or others and to the extent that equitable
remedies such as specific performance and injunctions are only available in the discretion of the court from which they are sought.

 

		(d)	Absence of Conflicting Agreements. The execution, delivery and performance of this Agreement by
the Purchaser and the completion of the transactions contemplated by this Agreement do not and will not result in or constitute any of
the following: a default, breach or violation or an event that, with notice or lapse of time or both, would be a default, breach or violation
of any of the terms, conditions or provisions of the articles or by-laws of the Purchaser.

 

		(e)	Purchase Shares Fully Paid; Non-Assessable. Each of the Purchase Shares has been duly allotted
for issuance and will upon issuance be issued as fully paid and non-assessable shares of the Purchaser.

 

		(f)	Residence of Purchaser. The Purchaser is not a non-resident of Canada within the meaning of Section
116 of the Income Tax Act (Canada).

 

    7

     

    

 

		4.3	Survival of Representations and Warranties.

 

		(a)	The representations and warranties of the Vendor contained in Section 4.1 or any other agreement, certificate
or instrument delivered pursuant to this Agreement shall survive the Closing for a period of three years from the Closing Date, and notwithstanding
the Closing, shall continue in full force and effect for the benefit of the Purchaser, after which time the Vendor shall be released from
all obligations in respect of such representations and warranties except with respect to any claims asserted by the Purchaser in writing
(setting out in reasonable detail the nature of the claim and the approximate amount of such claim) before the expiration of such period,
but there shall be no time limit on the representations and warranties of the Vendor set out in Section 4.1 which relate to the incorporation
of the Vendor, the due authorization of this Agreement by the Vendor and the enforceability o

 

		(b)	The representations and warranties of the Purchaser contained in Section 4.2 or any other agreement, certificate
or instrument delivered pursuant to this Agreement shall survive the Closing for a period of three years from the Closing Date, and notwithstanding
the Closing, shall continue in full force and effect for the benefit of the Vendor, after which time the Purchaser shall be released from
all obligations in respect of such representations and warranties except with respect to any claims asserted by the Vendor in writing
(setting out in reasonable detail the nature of the claim and the approximate amount of such claim) before the expiration of such period,
but there shall be no time limit on the representations and warranties of the Purchaser set out in Section 4.2 which relate to the incorporation
of the Purchaser, the due authorization of this Agreement by the Purc

 

ARTICLE
5

COVENANTS OF THE PARTIES AFTER CLOSING

 

		5.1	Required Consents and Filings

 

Promptly after the execution hereof,
each of the Vendor and Purchaser shall use its commercially reasonable efforts to obtain all consents, approvals, transfers, permissions,
waivers, orders and authorizations of (and make all necessary filings or registrations with) all courts, governmental agencies and bodies
and other third parties which are required to be obtained or made by it in connection with the consummation of the transactions contemplated
by this Agreement.

 

ARTICLE
6

INDEMNIFICATION

 

		6.1	Indemnity by the Vendor

 

The Vendor covenants and agrees to indemnify
and hold harmless the Purchaser from and against:

 

		(a)	any and all loss, damages, expenses, costs, liabilities and deficiencies:

 

		(i)	resulting from any misrepresentation, misstatement, breach of warranty or the non-fulfilment of any covenant
on the part of the Vendor under this Agreement or under any document or instrument delivered pursuant hereto or in connection herewith;
or

 

    8

     

    

 

		(ii)	arising in connection with the affairs of the Vendor and the operation of its business prior to the Closing
Date; and

 

		(b)	any and all claims, actions, suits, proceedings, demands, assessments, judgments, charges, penalties,
costs and expenses (including any payment made in good faith in settlement of any claim or potential claim, and including the full amount
of any reasonable legal expenses invoiced to the Purchaser) which arise or are made or claimed against or are suffered or incurred by
the Purchaser, as the case may be, in respect of any of the foregoing.

 

		6.2	Indemnity by the Purchaser

 

The Purchaser shall indemnify and hold
the Vendor harmless in respect of any claim, damage, action, cause of action, loss, cost, liability or expense (including legal fees on
a solicitor-client basis) which may be made or brought against any of such parties or which such party may suffer or incur, directly or
indirectly, as a result of, in respect of, or arising out of:

 

		(a)	any incorrectness in or breach of any representation or warranty of the Purchaser contained in this Agreement
or in any other agreement, certificate or instrument executed and delivered pursuant to this Agreement; or

 

		(b)	any breach of or any non-fulfillment of any covenant on the part of the Purchaser under this Agreement
or under any other agreement, certificate or instrument executed and delivered pursuant to or in relation to this Agreement; or

 

		(c)	any action, agreement, liability or other thing relating to the Assets which arose or accrued after the
Closing Date.

 

		6.3	Limitation of Liability.

 

In addition to, and without limiting
the foregoing, neither of the parties, and its respective, directors, officers, employees, and agents shall, under any circumstances,
be liable for any direct, consequential, incidental, indirect or special damages, of any kind, or any other damages whatsoever, even if
any of them has been apprised of the likelihood of such damages occurring. The aforementioned limitations and exclusions will apply to
each of the parties to the fullest extent that applicable law permits, in all actions of any kind, whether based on contract, tort (including,
without limitation, negligence) or any other legal or equitable theory.

 

ARTICLE
7

GENERAL

 

		7.1	Further Assurances.

 

Each Party shall promptly do, execute,
deliver or cause to be done, executed and delivered all further acts, documents and things that the other Party may reasonably require,
for the purposes of giving effect to this Agreement.

 

    9

     

    

 

		7.2	Notices.

 

Any notice, certificate, consent, determination
or other communication required or permitted to be given or made under this Agreement shall be in writing and shall be effectively given
and made if (i) delivered personally, (ii) sent by prepaid courier service, or (iii) sent prepaid by fax or other similar means of electronic
communication, in each case to the applicable address set out below:

 

if to the Vendor, to:

 

Chris McElvany

[address]

Email: supercriticallabs@gmail.com

Fax: (●)●

 

		(i)	if to the Purchaser, to:

 

Hollyweed North Cannabis Inc.

1250, 639 5th Ave. SW

Calgary, Alberta T2P 0M9

Attention: Scott Reeves

Email: sreeves@tinglemerrett.com

Fax: (403) 571-8008

 

Any party may from time to time change
its address under this Section 7.2 by notice to the other party given in the manner provided by this Section.

 

		7.3	Entire Agreement.

 

Except with respect to the Note and
General Security Agreement, which are referenced herein, this Agreement constitutes the entire agreement between the Parties pertaining
to the subject matter of this Agreement and supersedes, all prior agreements, understandings, negotiations and discussions, whether oral
or written, among the parties. There are no conditions, warranties, representations or other agreements between the Parties in connection
with the subject matter of this Agreement (whether oral or written, express or implied, statutory or otherwise) except as specifically
set out in this Agreement.

 

		7.4	Governing Law.

 

This Agreement shall be governed by
and construed in accordance with the laws of the Province of Alberta, Canada and shall be treated, in all respects, as an Alberta contract
and the parties hereby irrevocably submit to the exclusive jurisdiction of the courts of the Province of Alberta for all matters arising
out of or in connection with this Agreement or any of the transactions contemplated hereby.

 

    10

     

    

 

		7.5	Successors and Assigns.

 

This Agreement shall enure to the benefit
of, and be binding on, the parties and their respective successors and permitted assigns. Neither Party may assign or transfer, whether
absolutely, by way of security or otherwise, all or any part of its respective rights or obligations under this Agreement without the
prior written consent of the other party.

 

		7.6	Counterparts.

 

This Agreement may be executed in any
number of counterparts, each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute
one and the same instrument. Counterparts may be executed either in original or faxed form and the parties adopt any signatures received
by a receiving fax machine as original signatures of the parties; provided, however, that any party providing its signature in such manner
shall promptly forward to the other party an original of the signed copy of this Agreement which was so faxed.

 

IN WITNESS WHEREOF the
parties have executed this Agreement as of the date first written above.

 

	 	 	HOLLYWEED NORTH CANNABIS INC.
	 	 	 
	 	 	Per:	/s/ Authorized Signatory
	 	 	 	 
	 	 	/s/ Chris McElvany
	Witness	 	CHRIS MCELVANY

 

    11

     

    

 

 

 

SCHEDULE “A”

EQUIPMENT

 

 

 

     Schedule A

     

    

 

 

 

SCHEDULE “B”

COPY OF MCELVANY CONSULTING AGREEMENT

 

 

 

Schedule B

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