Document:

The Flowr Corp.: Exhibit 4.10 - Filed by newsfilecorp.com

	 FORM 51-102F3 
	  	  
	 MATERIAL CHANGE REPORT 
	  	  
	Item 1 	Name and Address of Company 
	  	  
	  	The Flowr Corporation ("Flowr" or the
      "Company") 
	  	461 King Street W., Floor 2 
	  	Toronto, Ontario 
	  	M5V 1K4 
	  	  
	Item 2 	Date of Material Change 
	  	  
	  	 July 12, 2019. 
	  	  
	Item 3 	News Release 
	  	  
		A news release was issued by the Company on
      July 15, 2019 and distributed through Globe Newswire and filed on SEDAR. A
      revised news release was issued by the Company on July 16, 2019 and
      distributed through Globe Newswire and filed on SEDAR. 
	  	  
	Item 4 	Summary of Material Change 
	  	  
		On July 12, 2019, Flowr received a second site
      cultivation license from Health Canada for its Flowr Forest project. The
      Company has begun transplanting select cultivars and is on track for a
      first harvest in the fourth quarter of 2019. Flowr expects to produce
      approximately 10,000 kilograms per annum from Flowr Forest once fully
      optimized and operational. 
	  	  
		On July 16, 2019, the Company revised its news
      release issued on July 15, 2019 to include preliminary financial results
      for the three months ended June 30, 2019. The Company's estimate of the
      revenue it expects to report for the three months ended June 30, 2019 is
      between $2.1 to $2.3 million. 
	  	  
	Item 5 	Full Description of Material Change
  
	  	  
	5.1 	Full Description of Material Change
  
	  	  
		On July 12, 2019, Flowr received a second site
      cultivation license from Health Canada for its Flowr Forest project. The
      Company has begun transplanting select cultivars and is on track for a
      first harvest in the fourth quarter of 2019. Flowr expects to produce
      approximately 10,000 kilograms per annum from Flowr Forest once fully
      optimized and operational. 
	  	  
		Flowr Forest, located on the Company's Kelowna
      campus, has 42 greenhouses totaling 189,000 square feet situated within a
      total licensed outdoor grow area of more than 530,000 square feet. The
      outdoor cultivation area planted is expected to be 150,000 square feet and
      can be expanded to include an incremental 160,000 square feet. The Company
      in total has over 750,000 square feet dedicated to Flowr Forest's current
      and future operations and has a right of first refusal on an additional
      850,000 square feet located immediately to the north and contiguous with
      the currently licensed area. 
	 	 
	 	Once fully optimized and operational, the
      10,000 kilograms per annum doubles the expected capacity of grow areas
      currently operating and/or under development at Flowr's Kelowna campus.
      The Company's Kelowna 1 indoor facility is expected to produce 10,000
      kilograms per annum once construction is complete and the operation is
      fully optimized. The construction of the K1 Facility is on track for
      completion by the end of the third quarter of 2019. 
	 	 
	 	Flowr expects that its dried flower products
      get sourced exclusively from the purpose-built indoor facilities in
      Kelowna, whereas cannabis cultivated within Flowr Forest is expected to
      support Flowr's forthcoming extract business. The Company expects its
      first new product launch from Flowr Forest to be a live resin vape
      offering. 
	 	 
	 	Further, the Company's preliminary estimate of
      the revenue it expects to report for the three months ended June 30, 2019
      is $2.1 to $2.3 million which represents the most current information
      available to management and does not present all necessary information for
      an understanding of the Company's financial condition as of, and the
      results of operations for the three months ended, June 30, 2019. The
      Company expects to report a net loss for the quarter ended June 30,
    2019.

	5.2 	Disclosure for Restructuring
      Transactions 
	  	  	  
	  	 Not applicable. 
	  	  	  
	Item 6 	Reliance on subsection 7.1(2) or
      (3) of National Instrument 51-102 
	  	  	  
	  	 Not applicable. 
	  	  	  
	Item 7 	Omitted Information 
	  	  	  
	  	 Not applicable. 
	  	  	  
	Item 8 	Executive Officer 
	  	  	  
	  	 Contact: 	Alexander Dann, Chief Financial Officer 
	  	 Telephone: 1-877-356-9726

	  	 Email: 	swong@coregoldinc.com 
	  	  	  
	Item 9 	Date of Report 
	  	  	  
	  	 July 16, 2019. 
	 	 

Future-Oriented Financial Information

To the extent any forward-looking information in this material
change report constitute future-oriented financial information or financial
outlooks within the meaning of applicable securities laws, such information is
being provided to demonstrate the potential financial performance of Flowr and
readers are cautioned that this information may not be appropriate for any other
purpose and that they should not place undue reliance on such future-oriented
financial information and financial outlooks.

Future-oriented financial information and financial outlooks
(collectively, "FOFI"), as with forward-looking information
generally, are, without limitation, based on the assumptions and subject to the
risks set out below under "Forward-Looking Information", a
number of which are beyond the Company's control.

In addition, the following is a summary of the significant
assumptions underlying the FOFI contained herein:

	• 	yield trends; 
	• 	pricing for the Company's products; 
	• 	future market demand trends; 
	• 	gross profits for products; 
	• 	inventory levels; and 
	• 	operating cost estimates. 

The FOFI do not purport to present the Company's financial
condition in accordance with IFRS, and there can be no assurance that the
assumptions made in preparing the FOFI will prove accurate. It is expected that
there will be differences between actual and forecasted results, and the
differences may be material, including due to the occurrence of unforeseen
events occurring subsequent to the preparation of the FOFI. The inclusion of the
FOFI herein should not be regarded as an indication that the Company considers
the FOFI to be a reliable prediction of future events, and the FOFI should not
be relied upon as such.

Forward-Looking Information

This material change report includes forward-looking
information within the meaning of Canadian securities laws regarding Flowr and
its business, which may include, but are not limited to: the expected capacity
at the Kelowna campus doubling, statements with respect to the K1 Facility,
including its expected capacity and timing of completion or construction,
Flowr's deep expertise in cultivating superior plants positioning it to produce
exceptional flower for the use in extraction, Flowr's investment in research and
development along with its sense of craftsmanship and a spirit of innovation
enabling it to provide premium-quality cannabis that appeals to the adult-use
recreational market and address specific patient needs in the medicinal market,
the Company being on track for a first harvest from the Flowr Forest in the
fourth quarter of 2019, Flowr producing approximately 10,000 kilograms per annum
from the Flowr Forest when fully operational and optimized, the outdoor
cultivation planted being 150,000 square feet and the ability to expand to an
incremental 160,000 square feet, Flowr executing its expansion plan once the
current platform of greenhouses and outdoor grow are fully operational, live
resin vape offerings representing an ideal product to showcase Flowr's superior
cultivation expertise and such offerings delivering consumers a similar
experience, including taste and aroma associated with Flowr's dried flower
products, Flowr producing from the Flowr Forest in 2019, working from a single
location at the Kelowna Campus driving efficiency and optimization, dried flower
products being sourced exclusively from Flowr's indoor facilities, cannabis
cultivated within the Flowr Forest supporting Flowr's extract business, Flowr
having an extract business, the licensing of Flowr Forest positioning the
Company for a timely launch of its expanded recreational use product line, Flowr
developing and commercializing a vape product that will compete in the premium
segment of the market, Flowr investing in people, processes and infrastructure
to deliver a live resin vape product that will meet the expectations of
consumers, use of live resign vape products resulting in an end product that
delivers consumers a similar experience, taste and aroma associated with Flowr's
dried flower products, the Company's preliminary estimate of the revenue it
expects to report for the three months ended June 30, 2019 and other factors.
Often, but not always, forward-looking information can be identified by the use
of words such as "plans", "is expected", "expects", "scheduled", "intends",
"contemplates", "anticipates", "believes", "proposes" or variations (including
negative and grammatical variations) of such words and phrases, or state that
certain actions, events or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved. Such statements are based on the current
expectations of Flowr's management and are based on assumptions and subject to
risks and uncertainties. Although Flowr's management believes that the
assumptions underlying these statements are reasonable, they may prove to be
incorrect. The forward-looking events and circumstances discussed in this
material change report may not occur by certain specified dates or at all and
could differ materially as a result of known and unknown risk factors and
uncertainties affecting Flowr, including risks associated with the Company not
being able to double its capacity at the Kelowna campus (including not being
able to achieve forecasted capacity at the K1 Facility or Flowr Forest), which
could result in supply shortages and have a material impact on Flowr's financial
results, the Company not having a first harvest from the Flowr Forest in the
fourth quarter of 2019, which would delay commercial sales of products derived
from the Flowr Forest, and thus impact Flowr's financial results, Flowr not
being able to produce approximately 10,000 kilograms per annum from the Flowr
Forest when fully operational and optimized, which would impact Flowr's
capacity, financial results and operations, Flowr not being able to plant and
cultivate 150,000 square feet, which could impact products being derived from
the Flowr Forest, its business and/or its financial results, Flowr not having
the ability to expand to an incremental 160,000 square feet, which would reduce
Flowr's capacity, Flowr not being able to complete construction of the K1
Facility or any delay in construction, which would result in supply shortages
and have a material adverse impact on Flowr's revenues, financial condition,
business and operations, Flowr not being able to effectively grow cannabis
outdoor given its limited experience in growing in greenhouses and/or outdoors,
which could result in significant crop failures, losses and reduced
profitability, Flowr not be able to execute its expansion plan once the current
platform of greenhouses and outdoor grow are fully operational, which would
impact Flowr's growth strategy, Flowr not being able to produce product from the
Flowr Forest in 2019, which would impact its business, results of operations and
financial results, and delay Flowr's entry into other form factor markets, the
failure to drive efficiencies and optimization by working from a single
location, which could impact Flowr's financial results and operations, Flowr not
sourcing dried flower products exclusively from Flowr's indoor facilities, which
could have a material impact on the quality of Flowr's products and its
reputation, cannabis cultivated within the Flowr Forest not being able to
support Flowr's extract business, thus reducing profitability for Flowr, Flowr
not being able to execute on its planned extract business, which would impact
Flowr's ability to compete in other form factor markets and reduce its
probability and competitive edge, Flowr not being positioned for a timely launch
of its expanded adult-use recreational product line, thus delaying entry into a
new market and delaying sales from such market, Flowr not being able to develop
and commercialize a vape product that will compete in the premium segment of the
market, Flowr not investing in people, processes and infrastructure to deliver a
live resin vape product that will meet the expectations of consumers, which
could impact Flowr's ability to bring such products to the market, Flowr not
being able to deliver live resin vape products resulting in an end product that
delivers consumers a similar experience, taste and aroma associated with Flowr's
dried flower products, or such live resin products not resulting in such
experiences, Flowr's live resin product not having the features described
herein, including the inability of such products to showcase Flowr's superior
cultivation expertise or in delivering consumers a similar or desired experience
associated with Flowr's dried flower products, the live resin product not
representing an ideal product, the failure to commercialize such a product,
which could have a material impact on Flowr's ability to capture market share in
the other form factors market, which could materially adversely impact its
financial condition, business and operations, Flowr not being able to get Flowr
Forest fully operational or being delayed in getting it fully operational, the
Company's revenue for the three months ended June 30, 2019 being materially
different from the preliminary estimate contained herein, Flowr not being able
to sustain its competitive advantage in cultivation and being unable to remain
at the forefront of industry innovation, whether as a result of failed
construction of the facilities or otherwise, Flowr not being able to meet demand
or fulfill purchase orders, which could materially impact revenues and its
relationships with purchasers, Flowr requiring additional financing from time to
time in order to continue its operations and such financing may not be available
when needed or on terms and conditions acceptable to the Company, new laws or
regulations adversely affecting the Company's business and results of
operations, results of operation activities and development of projects, project
cost overruns or unanticipated costs and expenses, the inability of Flowr's
products to be high quality, the inability of Flowr's products to appeal to the
adult-use recreational market and address specific patient needs in the
medicinal market, the inability of Flowr to produce and distribute premium, high
quality products, the inability to supply products or any del ay in such supply,
Flowr's securities, the inability to generate cash flows, revenues and/or stable
margins, the inability to grow organically, risks associated with the geographic
markets in which Flowr operates and/or distributes its products, risks
associated with fluctuations in exchange rates (including, without limitation,
fluctuations in currencies), risks associated with the use of Flowr's products
to treat certain conditions, the cannabis industry and the regulation thereof,
the failure to comply with applicable laws, risks relating to partnership
arrangements, possible failure to realize the anticipated benefits of
partnership arrangements, product launches (including, without limitation,
unsuccessful product launches), the inability to launch products, the failure to
obtain regulatory approvals, economic factors, market conditions, risks
associated with the acquisition and/or launch of products, the equity and debt
markets generally, risks associated with growth and competition (including,
without limitation, with respect to Flowr's products), general economic and
stock market conditions, risks and uncertainties detailed from time to time in
Flowr's filings with the Canadian Securities Administrators and many other
factors beyond the control of Flowr. Although Flowr has attempted to identify
important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking information, there may be
other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. No forward-looking information can be
guaranteed. Except as required by applicable securities laws, forward-looking
information speaks only as of the date on which it is made and Flowr undertakes
no obligation to publicly update or revise any forward-looking information,
whether as a result of new information, future events, or otherwise.bmmj_ex101.htm

EXHIBIT 10.1
 
SETTLEMENT AND RELEASE AGREEMENT
 
This settlement and release agreement (this “Agreement”) is made and entered into as of June 19, 2019, by and between Body and Mind Inc., a Nevada corporation (“BaM”), BAM’s subsidiaries, NMG Long Beach, LLC, a California limited liability company (“NMG LB”) and NMG San Diego, LLC, a California limited liability company (“NMG SD”) on one hand, and Green Light District Holdings, Inc., a Delaware corporation (“GLDH”), The Airport Collective Inc., a California non-profit mutual benefit corporation (“Airport”), David Barakett, an individual (“Mr. Barakett”) (GLDH, Airport, and Mr., Barakett shall collectively be referred to as, the “Barakett Parties”) and SGSD, LLC, a Nevada limited liability company (“SGSD”) on the other hand. Collectively, the aforementioned Parties shall be referred to herein as the “Parties” or individually as a “Party.”
 
WHEREAS, BaM, GLDH and Mr. Barakett previously entered into a Binding Interim Agreement dated November 28, 2018 (as amended from time to time, collectively with the documents and agreements referenced therein, or delivered in connection therewith, the “Existing Agreement”); 
 
WHEREAS, BaM, GLDH and Mr. Barakett desire to restructure the Existing Agreement and enter into a mutual release of any and all claims related to the Existing Agreement; 
 
WHEREAS, as part of this Agreement, the Parties desire to enter into various other Agreements contemporaneous herewith as set forth herein, which shall replace and supersede the Existing Agreement;
 
NOW THEREFORE, in consideration of the mutual promises and covenants hereinafter set forth, it is hereby agreed as follows:
 
1. Transaction Documents. As part of this Agreement, the Parties (as applicable) have agreed to contemporaneously enter into/deliver the following documents in accordance with the terms and conditions set forth herein (hereinafter, the “Transaction Documents”): 
 
a. Amended and Restated Convertible Note and General Security Agreement. BaM and the Barakett Parties shall enter into the loan documents attached hereto as Exhibit A (the “Loan Documents”);
 
b. Airport Collective Asset Purchase Agreement. Airport and NMG LB shall enter into the Asset Purchase Agreement (and all accompanying Schedules thereto) attached hereto as Exhibit B (the “Asset Purchase Agreement”); 
 
c. San Diego Lease Assignment Agreement. SGSD shall deliver the executed First Amendment and Assignment Agreement attached hereto as Exhibit C (the “SD Lease Assignment”); 
 	 
	 
	
 
	 

 
d. San Diego Operating Agreement. SGSD shall deliver the executed operating agreement for BaM’s subsidiary, NMG San Diego, LLC attached hereto as Exhibit D (the “NMG Operating Agreement”); and
 
e. Litigation Loan. BAM and the Barakett Parties shall enter into the Litigation Loan Agreement attached hereto as Exhibit E (the “Litigation Loan Agreement”). 
 
2. Consideration. As consideration for the SD Lease Assignment set forth in 1(c) of this Agreement, BaM shall issue up to three (3) payments of shares as follows:
 
a. Payment 1. The first payment shall be Five Hundred Thousand Dollars ($500,000.00) of vested BaM shares calculated upon execution of this Agreement at the maximum discount allowed by the Canadian Stock Exchange (the “Payment 1 Shares”). Within three (3) days following the execution of this Agreement, the Payment 1 Shares shall be issued to SGSD and shall be provided to the following SGSD Members: (i) Sean Orlando as to Fifty Eight Thousand Eight Hundred Twenty Five Dollars ($58,825.00) of the Payment 1 Shares; and (ii) Milad Arab as to Four Hundred and Forty One Thousand One Hundred Seventy Six Thousand Dollars ($441,176.00) of the Payment 1 Shares, both subject to the mandatory six (6) month exchange holding period. 
 
b. Payment 2. The second payment of shares shall be to Mr. Barakett or his designee and shall be contingent on NMG SD receiving its medical commercial cannabis retail license at 7625 Carroll Road, San Diego, California 92121 (the “SD Location”). One Million Three Hundred and Forty Thousand Five Hundred and Two (1,340,502) shares of BaM (the “Payment 2 Shares”) shares shall be disbursed to Mr. Barakett or his designee only following NMG SD receiving all licenses, permits, and authorizations required for NMG SD to conduct medical commercial cannabis retail operations at the SD Location, subject to the mandatory six (6) month exchange holding period. 
 
c. Payment 3. The third payment of shares shall be to Mr. Barakett or his designee and shall be contingent on NMG SD receiving its adult-use commercial cannabis retail license at the SD Location. One Million Three Hundred and Forty Thousand Five Hundred and Two (1,340,502) shares of BaM (the “Payment 3 Shares”) shares shall be disbursed to Mr. Barakett or his designee only following NMG SD receiving all licenses, permits, and authorizations required for NMG SD to conduct adult-use commercial cannabis retail operations at the SD Location, subject to the mandatory six (6) month exchange holding period.
 
d. Failure to Obtain Retail Licenses. In the event NMG SD is unable, through no fault of the Barakett Parties, to receive its medical commercial cannabis retail license or its adult-use commercial cannabis retail license at the SD Location in accordance with the terms and conditions of this Agreement, NMG SD and BaM shall utilize best efforts to negotiate in good faith an amendment to this Agreement satisfactory to all Parties. 
 
3. Payment for Legal Expenses. Within ten (10) days following the execution of this Agreement, BaM shall pay the legal and consulting expenses incurred by the Barakett Parties for the benefit of BaM and otherwise in facilitating this Agreement and the transactions contemplated hereby in an amount of $80,500, which represents the legal fees, consulting fees, and costs incurred since November 28, 2018 and unrelated to the litigation expenses to be covered by the Litigation Loan Agreement. If requested by BaM, the Barakett Parties shall cause counsel and consultants for the Barakett Parties to provide itemized invoices detailing the work performed and costs incurred for the benefit of BaM.
 
	 
	 
	
 
	 

 
4. Final Agreement. This Agreement and the Transaction Documents represent the entire agreement between the Parties. This Agreement and the Transaction Documents shall supersede and replace the Existing Agreements and any other Agreement between the Parties, verbal or otherwise. 
 
5. Releases.
 
a. Barakett Parties’ Release. Upon Closing of the Asset Purchase Agreement, the Barakett Parties and their, successors, related entities, representatives, assigns, agents, shareholders, members, directors, managers, officers employees, and attorneys (“Representatives”), and each of them, hereby releases and forever discharges BaM and the Shareholders and their respective Representatives, and each of them, of and from any and all claims, debts, liabilities, demands, obligations, costs, expenses, actions and causes of action (“Claims”), in any way related to the Existing Agreement, known and unknown, which they or any person claiming or purporting to claim through him now owns or holds, or has at any time heretofore owned or held, or may at any time own or hold, by reason of any matter, cause or thing whatsoever, occurred, done, omitted or suffered to be done prior to the date hereof. 
 
b. BaM’s Release. Except as expressly provided to the contrary herein, upon Closing of the Asset Purchase Agreement, BaM and its Representatives, and each of them, hereby release and forever discharge the Barakett Parties and their respective Representatives, and each of them, of and from any and all Claims related to the Existing Agreement, known and unknown, which they or any person claiming or purporting to claim through them now owns or holds, or has at any time heretofore owned or held, or may at any time own or hold, by reason of any matter, cause or thing whatsoever, occurred, done, omitted or suffered to be done prior to the date hereof. 
 
c. SGSD’s Release. Upon Payment of the Payment 1 Shares to SGSD, SGSD and its Representatives and each of them, hereby releases and forever discharges NMG LB, NMG SD, BaM and the Shareholders and their respective Representatives, and each of them, of and from any and all Claims, in any way related to the SD Lease Assignment, known and unknown, which they or any person claiming or purporting to claim through him now owns or holds, or has at any time heretofore owned or held, or may at any time own or hold, by reason of any matter, cause or thing whatsoever, occurred, done, omitted or suffered to be done prior to the date hereof. 
 
6. Full and Final Accord. The Parties hereto intend this Agreement to be effective as a full and final accord and satisfaction and release of each and every matter hereinabove referred to. The Parties hereby acknowledge that they are familiar with Section 1542 of the Civil Code of the State of California which provides as follows:
 	 
	 
	
 
	 

 
“A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release which, if known by him or her, must have materially affected his or her settlement with the debtor.”
 
Each Party to this Agreement waives and relinquishes any right and benefit which they have or may have under Section 1542 to the full extent that they may lawfully waive all such rights and benefits pertaining to the subject matter hereof.
 
7. Indemnification. Each Party agrees to indemnify and hold harmless the other Parties, and any of their Representatives, against any Claim related to the Existing Agreement (including the payment of attorneys’ fees and costs incurred, whether or not litigation to be commenced) by any person or entity that is not a party to this Agreement, which is inconsistent with this Agreement. In addition to and in no way limiting the indemnification provisions set forth in the Asset Purchase Agreement, the Parties agree that in the event the Business (as defined in the Asset Purchase Agreement) has additional liabilities not disclosed on the Transition Date (as defined in the Asset Purchase Agreement), for which BAM or its affiliates and subsidiaries are required to pay, BAM or its affiliates and subsidiaries shall have the sole option to offset any consideration owed to the Barakett Parties pursuant to the Transaction Documents by the amount of such liabilities. 
 
8. No Litigation. Each Party agree to forever refrain and forebear from commencing, instituting or prosecuting any lawsuits, actions or other proceedings based on, arising out of or in connection with any Claim being released hereunder; and to cause to be dismissed, with prejudice, any lawsuits, actions or other proceedings that are subject to release and discharge by virtue of this Agreement. 
 
9. Jurisdiction and Disputes. This Agreement shall be governed and construed in accordance with the internal laws of the State of California without giving effect to any choice or conflict of law provision or rule (whether of the State of California or any other jurisdiction) that would cause the application of laws of any jurisdiction other than those of the State of California. 
 
a. In the event of any claim arising out of or relating to any performance required under this Agreement, or the interpretation, validity or enforceability hereof (each, a “Claim”), the Parties shall use their best efforts to settle the Claim. To this effect, they shall consult and negotiate with each other in good faith and, recognizing their mutual interests, attempt to reach a just and equitable resolution satisfactory to the Parties. If the Claim cannot be settled through negotiation within a period of seven (7) days, the Parties agree to attempt in good faith to settle the Claim through mediation, administered by a mediator mutually agreeable to the Parties, before resorting to arbitration. If they do not reach such resolution, or an agreed upon mediator cannot be identified within a period of thirty (30) days, then upon notice by either Party to the other they shall commence arbitration as set forth below.
 	 
	 
	
 
	 

 
b. The Parties agree to submit any and all Claims, or any dispute related in any way to this Agreement and the services rendered hereunder, to binding arbitration before JAMS. The arbitration shall be held in accordance with the JAMS then-current Streamlined Arbitration Rules & Procedures (and no other JAMS rules), which currently are available at: http://www.jamsadr.com/rules-streamlined-arbitration. The arbitrator shall be either a retired judge, or an attorney who is experienced in commercial contracts and licensed to practice law in California, selected pursuant to the JAMS rules. The Parties expressly agree that any arbitration shall be conducted in Each Party understands and agrees that by signing this Agreement, such Party is waiving the right to a jury. The arbitrator shall apply California substantive law in the adjudication of all Claims. Notwithstanding the foregoing, either Party may apply to the Superior Courts located in Los Angeles County, California for a provisional remedy, including but not limited to a temporary restraining order or a preliminary injunction. The application for or enforcement of any provisional remedy by a Party shall not operate as a waiver of the agreement to submit a dispute to binding arbitration pursuant to this provision. In no event shall a Claim be adjudicated in Federal District Court. In the event that either Party commences a Claim in Federal District Court or moves to remove such action to Federal District Court, the Parties hereby mutually agree to stipulate to a dismissal of such Federal Claim with prejudice. After a demand for arbitration has been filed and served, the Parties may engage in reasonable discovery in the form of requests for documents, interrogatories, requests for admission, and depositions. The arbitrator shall resolve any disputes concerning discovery. The arbitrator shall award costs and reasonable attorneys’ fees to the prevailing Party, as determined by the arbitrator, to the extent permitted by California law. The arbitrator’s decision shall be final and binding upon the Parties. The arbitrator’s decision shall include the arbitrator’s findings of fact and conclusions of law and shall be issued in writing within thirty (30) days of the commencement of the arbitration proceedings. The prevailing Party may submit the arbitrator’s decision to Superior Courts located in Los Angeles County for an entry of judgment thereon.
 
10. Miscellaneous. 
 
a. This Agreement is intended by the Parties as the final expression of their Agreement and understanding with respect to the subject matter hereof, and as a complete and exclusive statement of the provisions thereof. This Agreement supersedes any and all prior or contemporaneous agreements and understandings. 
 
b. The Parties hereto shall execute any further documents reasonably necessary to effectuate the terms of this Agreement.
 
c. Each Party hereto acknowledges and agrees that no Party hereto, nor any Representative for such Party, has made any promise, representation or warranty, express, implied or statutory, not contained herein concerning the subject matter hereof to induce the other to execute this agreement.
 
d. Each Party has read and understands this Agreement and mutually warrants and represents that each has been given the opportunity to be represented by independent counsel of his/her own choice in the negotiation and execution of this Agreement, that each Party hereto is fully informed as to each and every matter contained herein and that this agreement is executed voluntarily and without duress or undue influence on the part or on behalf of any Party hereto. 
 
[signature page to follow]
 	 
	 
	
 
	 

 
IN WITNESS WHEREOF, the Parties have executed this agreement as of the day and year first above written.
 
	Body and Mind Inc. 
(“BaM”) 
 
By: /s/ Lenoard Clough
  
Name: Leonard Clough
 
Title: Authorized Signatory 
 
Dated: June 20, 2019
 
The Airport Collective Inc. 
(“Airport”) 
 
By: /s/ David Barakett
 
Name: David Barakett
 
Title: Authorized Signatory 
 
Dated: June 20, 2019
 
	Green Light District Holdings, Inc. (“GLDH”)
 
By: /s/ David Barakett
 
Name: David Barakett
 
Title: Authorized Signatory 
 
Dated: June 20, 2019
 
SGSD, LLC
(“SGSD”)
 
By: /s/ David Barakett
 
Name: David Barakett
 
Title: Authorized Signatory 
 
Dated: June 20, 2019
 
David Barakett 
(“Barakett”) 
 
/s/ Daivd Barakett
Name: David Barakett
 
Dated: June 20, 2019

 	 
	 
	
 
	 

 
 
 
EXHIBIT A
LOAN DOCUMENTS
 
 
 
 
 
 
 
 
 
 
	 
	 
	
 
	 

 
EXHIBIT B
ASSET PURCHASE AGREEMENT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
	 
	 
	
 
	 

 
 
EXHIBIT C
SD LEASE ASSIGNMENT
 
 
 
 
 
 
 
 
 
	 
	 
	
 
	 

 
 
EXHIBIT D
NMG SD OPERATING AGREEMENT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
	 
	 
	
 
	 

 
 
EXHIBIT E 
LITIGATION LOAN AGREEMENT

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