Document:

Exhibit 10.3

 

FINAL FORM

FORM OF LOCK-UP AGREEMENT

 

 THIS LOCK-UP
AGREEMENT (this “Agreement”) is made and entered into as of [●] by and among (i) MTech Acquisition
Holdings Inc., a Delaware corporation which will be known after the consummation of the transactions contemplated by the Merger
Agreement (as defined below) (the “Closing”) as “[__________]” (together with its successors,
“Pubco”), (ii) MTech Sponsor LLC, a Florida limited liability company in the capacity under the
Merger Agreement as the Purchaser Representative (including any successor Purchaser Representative appointed in accordance with
the Merger Agreement, the “Purchaser Representative”), and (iii) the undersigned (“Holder”).
Any capitalized term used but not defined in this Agreement will have the meaning ascribed to such term in the Merger Agreement.

 

WHEREAS, Pubco
and the Purchaser Representative are parties to that certain that Agreement and Plan of Merger, dated as of October 10, 2018 (as
amended from time to time in accordance with the terms thereof, the “Merger Agreement”), by and among
(i) MTech Acquisition Corp., a Delaware corporation and, prior to giving effect to the Closing, the parent entity of Pubco (together
with its successors, including the Purchaser Surviving Subsidiary, “Purchaser”), (ii) Pubco, (iii) MTech
Purchaser Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of Pubco (“Purchaser Merger Sub”),
(iv) MTech Company Merger Sub LLC, a Colorado limited liability company and a wholly-owned subsidiary of Pubco (“Company
Merger Sub”), (v) the Purchaser Representative, (vi) MJ Freeway LLC, a Colorado limited liability company (together
with its successors, including the Company Surviving Subsidiary (as defined in the Merger Agreement, the “Company”),and
(vii) Harold Handelsman, in the capacity as Seller Representative thereunder, pursuant to which, subject to the terms and conditions
thereof, among other matters, (a) Purchaser Merger Sub will merge with and into Purchaser, with Purchaser continuing as the surviving
entity (the “Purchaser Merger”), and with security holders of Purchaser receiving substantially equivalent
securities of Pubco, and (b) Company Merger Sub will merge with and into the Company, with the Company continuing as the surviving
entity (the “Company Merger”, and together with the Purchaser Merger, the “Mergers”
and, collectively with the other transactions contemplated by the Merger Agreement, the “Transactions”),
and with equity holders of the Company, including Seller, receiving shares of common stock of Pubco (subject to the withholding
of the Escrow Shares being deposited in the Escrow Account in accordance with the terms and conditions of the Merger Agreement),
and as a result of which Mergers, among other matters, Purchaser and the Company will become wholly-owned subsidiaries of Pubco
and Pubco will become a publicly traded company, all upon the terms and subject to the conditions set forth in the Merger Agreement
and in accordance with the applicable provisions of the DGCL and the Colorado Act;

 

WHEREAS, immediately
prior to the Closing, Holder is a holder of the Company Units in such amounts as set forth underneath Holder’s name on the
signature page hereto; and

 

WHEREAS, pursuant
to the Merger Agreement, and in view of the valuable consideration to be received by Holder thereunder, the parties desire to enter
into this Agreement, pursuant to which the Merger Consideration securities to be received by Holder in the Transactions (all such
securities, together with any securities paid as dividends or distributions with respect to such securities or into which such
securities are exchanged or converted, the “Restricted Securities”) shall become subject to limitations
on disposition as set forth herein.

 

NOW, THEREFORE,
in consideration of the premises set forth above, which are incorporated in this Agreement as if fully set forth below, and intending
to be legally bound hereby, the parties hereby agree as follows:

 

    	 	1	 

     

    

 

		1.	Lock-Up Provisions.

 

(a)          Holder
hereby agrees not to, during the period commencing from the Closing and (A) with respect to fifty percent (50%) of the Restricted
Securities, ending on the earlier of (x) one (1) year after the date of the Closing, and (y) the date after the Closing on which
Pubco consummates a liquidation, merger, share exchange or other similar transaction with an unaffiliated third party that results
in all of Pubco’s shareholders having the right to exchange their equity holdings in Pubco for cash, securities or other
property (a “Subsequent Transaction”) and (B) with respect to the remaining fifty percent (50%) of the
Restricted Securities, ending on the earliest of (x) the one (1) year anniversary of the date of the Closing, (y) the date after
the Closing on which Pubco consummates a Subsequent Transaction and (z) the date on which the closing sale price of Pubco Common
Stock equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations)
for any twenty (20) trading days within any thirty (30) trading day period (the “Lock-Up Period”): (i)
lend, offer, pledge, hypothecate, encumber, donate, assign, sell, contract to sell, sell any option or contract to purchase, purchase
any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or
indirectly, any Restricted Securities, (ii) enter into any swap or other arrangement that transfers to another, in whole or
in part, any of the economic consequences of ownership of the Restricted Securities, or (iii) publicly disclose the intention
to do any of the foregoing, whether any such transaction described in clauses (i), (ii) or (iii) above is to be settled by delivery
of Restricted Securities or other securities, in cash or otherwise (any of the foregoing described in clauses (i), (ii) or (iii),
a “Prohibited Transfer”). The foregoing sentence shall not apply to the transfer of any or all of the
Restricted Securities owned by Holder (other than Escrow Shares until such Escrow Shares are disbursed to Holder from the Escrow
Account in accordance with the terms and conditions of the Merger Agreement and the Escrow Agreement) (I) by gift, will or intestate
succession upon the death of Holder, (II) to any Permitted Transferee or (III) pursuant to a court order or settlement agreement
related to the distribution of assets in connection with the dissolution of marriage or civil union; provided, however, that in
any of cases (I), (II) or (III) it shall be a condition to such transfer that the transferee executes and delivers to Pubco an
agreement stating that the transferee is receiving and holding the Restricted Securities subject to the provisions of this Agreement
applicable to Holder, and there shall be no further transfer of such Restricted Securities except in accordance with this Agreement.
As used in this Agreement, the term “Permitted Transferee” shall mean: (1) the members of Holder’s
immediate family (for purposes of this Agreement, “immediate family” shall mean with respect to any natural person,
any of the following: such person’s spouse, the siblings of such person and his or her spouse, and the direct descendants
and ascendants (including adopted and step children and parents) of such person and his or her spouses and siblings), including
pursuant to operation of law pursuant to a qualified domestic order or in connection with a divorce settlement or by virtue of
the laws of descent and distribution upon death, (2) any trust for the direct or indirect benefit of Holder or the immediate family
of Holder, (3) if Holder is a trust, to the trustor or beneficiary of such trust or to the estate of a beneficiary of such trust,
(4) if Holder is an entity, as a distribution to limited partners, shareholders, members of, or owners of similar equity interests
in Holder or (5) to any affiliate of Holder. Holder further agrees to execute such agreements as may be reasonably requested by
Pubco that are consistent with the foregoing or that are necessary to give further effect thereto. 

 

(b)          Holder
further acknowledges and agrees that it shall not be permitted to engage in any Prohibited Transfer with respect to any Escrow
Shares until such Escrow Shares are disbursed to Holder from the Escrow Account in accordance with the terms and conditions of
the Merger Agreement and the Escrow Agreement.

 

(c)          If
any Prohibited Transfer is made or attempted contrary to the provisions of this Agreement, such purported Prohibited Transfer shall
be null and void ab initio, and Pubco shall refuse to recognize any such purported transferee of the Restricted Securities as one
of its equity holders for any purpose. In order to enforce this Section 1, Pubco may impose stop-transfer instructions
with respect to the Restricted Securities of Holder (and Permitted Transferees and assigns thereof) until the end of the Lock-Up
Period. 

 

    	 	2	 

     

    

 

(d)          During
the Lock-Up Period (and with respect to any Escrow Shares, if longer, during the period when such Escrow Shares are held in the
Escrow Account), each certificate evidencing any Restricted Securities shall be stamped or otherwise imprinted with a legend in
substantially the following form, in addition to any other applicable legends:

 

 “THE SECURITIES REPRESENTED
BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN A LOCK-UP AGREEMENT, DATED AS OF [●], BY AND AMONG
THE ISSUER OF SUCH SECURITIES (THE “ISSUER”), A CERTAIN REPRESENTATIVE OF THE ISSUER NAMED THEREIN AND THE ISSUER’S
SECURITY HOLDER NAMED THEREIN, AS AMENDED. A COPY OF SUCH LOCK-UP AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE ISSUER TO THE
HOLDER HEREOF UPON WRITTEN REQUEST.”

 

(e)          For
the avoidance of any doubt, (i) Holder shall retain all of its rights as a shareholder of Pubco with respect to the Restricted
Securities during the Lock-Up Period, including the right to vote any Restricted Securities, but subject to the obligations under
the Escrow Agreement and the Merger Agreement and (ii) the foregoing restrictions on transfer will not relate to any transactions
involving shares of Pubco common stock acquired in open market transactions after completion of the Transactions.

 

(f)          Pubco
and the Purchaser Representative acknowledge that the shares of Purchaser’s common stock held by the Sponsor are subject
to the conditions and restrictions on transfer (the “Sponsor Lockup Restrictions) set forth in the Stock Escrow
Agreement, dated January 29, 2018, among the Purchaser, Continental Stock Transfer & Trust Company and the Sponsor (the “Stock
Escrow Agreement”), a true and complete copy of which was attached as Exhibit 10.2 to the Purchaser’s Current
Report on Form 8-K, filed with the Securities and Exchange Commission on February 1, 2018. The Stock Escrow Agreement has not been
amended or modified since it was executed and there will be no changes to the Stock Escrow Agreement other than to add Pubco as
a party thereto and the other amendments set forth in the Amendment to Stock Escrow Agreement to be entered into at the Closing.
Pubco and the Purchaser Representative agree that they will not shorten or terminate any of the Sponsor Lockup Restrictions without
similarly shortening or removing the restrictions on transfer contained herein.

 

		2.	Miscellaneous.

 

(a)          Termination
of Merger Agreement. This Agreement shall be binding upon Holder upon Holder’s execution and delivery of this Agreement,
but this Agreement shall only become effective upon the Closing. In the event that the Merger Agreement is terminated in accordance
with its terms prior to the Closing, this Agreement and all rights and obligations of the parties hereunder shall automatically
terminate and be of no further force or effect. 

 

(b)          Binding
Effect; Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties
hereto and their respective permitted successors and assigns. This Agreement and all obligations of Holder are personal to Holder
and may not be transferred or delegated by Holder at any time. Pubco may freely assign any or all of its rights under this Agreement,
in whole or in part, to any successor entity (whether by merger, consolidation, equity sale, asset sale or otherwise) without obtaining
the consent or approval of Holder (but from and after the Closing, the consent of the Purchaser Representative shall be required).
If the Purchaser Representative is replaced in accordance with the terms of the Merger Agreement, the replacement Purchaser Representative
shall automatically become a party to this Agreement as if it were the original Purchaser Representative hereunder. 

 

    	 	3	 

     

    

 

(c)          Third
Parties. Nothing contained in this Agreement or in any instrument or document executed by any party in connection with the
transactions contemplated hereby shall create any rights in, or be deemed to have been executed for the benefit of, any person
or entity that is not a party hereto or thereto or a successor or permitted assign of such a party. 

 

(d)          Governing
Law; Jurisdiction. This Agreement and any dispute or controversy arising out of or relating to this Agreement shall be governed
by and construed in accordance with the laws of the State of New York, without regard to the conflict of law principles thereof.
All Actions arising out of or relating to this Agreement shall be heard and determined exclusively in any state or federal court
located in New York, New York (or in any appellate courts thereof) (the “Specified Courts”). Each party
hereto hereby (i) submits to the exclusive jurisdiction of any Specified Court for the purpose of any Action arising out of
or relating to this Agreement brought by any party hereto and (ii) irrevocably waives, and agrees not to assert by way of
motion, defense or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the above-named
courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient forum,
that the venue of the Action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in
or by any Specified Court. Each party agrees that a final judgment in any Action shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by Law. Each party irrevocably consents to the service of
the summons and complaint and any other process in any other action or proceeding relating to the transactions contemplated by
this Agreement, on behalf of itself, or its property, by personal delivery of copies of such process to such party at the applicable
address set forth in Section 2(g). Nothing in this Section 2(d) shall affect the right of any party
to serve legal process in any other manner permitted by applicable law. 

 

(e)          WAIVER
OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (i) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING WAIVER AND
(ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 2(e). 

 

(f)          Interpretation.
The titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing or interpreting
this Agreement. In this Agreement, unless the context otherwise requires: (i) any pronoun used in this Agreement shall include
the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural
and vice versa; (ii) “including” (and with correlative meaning “include”) means including without limiting
the generality of any description preceding or succeeding such term and shall be deemed in each case to be followed by the words
“without limitation”; (iii) the words “herein,” “hereto,” and “hereby” and other
words of similar import in this Agreement shall be deemed in each case to refer to this Agreement as a whole and not to any particular
section or other subdivision of this Agreement; and (iv) the term “or” means “and/or”. The parties have
participated jointly in the negotiation and drafting of this Agreement. Consequently, in the event an ambiguity or question of
intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement. 

 

    	 	4	 

     

    

 

(g)          Notices.
All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given
when delivered (i) in person, (ii) by facsimile or other electronic means, with affirmative confirmation of receipt, (iii) one
Business Day after being sent, if sent by reputable, nationally recognized overnight courier service or (iv) three (3) Business
Days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each case to the applicable
party at the following addresses (or at such other address for a party as shall be specified by like notice): 

 

	
        If to Pubco prior to the Closing or to the Purchaser Representative,
        to:

        MTech Sponsor LLC

        10124 Foxhurst Court

        Orlando, Florida 32836

        Attn: Scott Sozio

        Facsimile No.: (407) 370-3097

        Telephone No.: (407) 345-8332

        Email: scott@vandykeholdings.com
	 	
        with a copy to (which shall not constitute notice):

        Ellenoff Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105

        Attn:    Stuart Neuhauser, Esq.

                     Matthew A. Gray, Esq.

        Facsimile No.: (212) 370-7889

        Telephone No.: (212) 370-1300

        Email:   sneuhauser@egsllp.com

                       mgray@egsllp.com

	
        If to Pubco after the Closing, to:

        [______________]

        1601 Arapahoe Street, Suite 900

        Denver, CO 80202

        Attn: Jessica Billingsley, CEO

        Facsimile No.: (888) 932-6537

        Telephone No.: (888) 932-6537

        Email: jessica@mjfreeway.com
	 	
        with copies to (which shall not constitute notice):

        Graubard Miller

        The Chrysler Building

        405 Lexington Avenue, 11th Floor

        New York, New York 10174

        Attn:   David Alan Miller, Esq.

        Facsimile No.: (212) 818-8881

        Telephone No.: (212) 818-8661

        Email:   DMiller@graubard.com

         

        and

         

        the Purchaser Representative (and its copy for notices hereunder)

	If to Holder, to:  the address set forth below Holder’s name on the signature page to this Agreement.

 

(h)          Amendments
and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either
generally or in a particular instance, and either retroactively or prospectively) only with the written consent of Pubco, the Purchaser
Representative and Holder. No failure or delay by a party in exercising any right hereunder shall operate as a waiver thereof.
No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed
to be or construed as a further or continuing waiver of any such term, condition, or provision.

 

    	 	5	 

     

    

 

(i)           Severability.
In case any provision in this Agreement shall be held invalid, illegal or unenforceable in a jurisdiction, such provision shall
be modified or deleted, as to the jurisdiction involved, only to the extent necessary to render the same valid, legal and enforceable,
and the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby
nor shall the validity, legality or enforceability of such provision be affected thereby in any other jurisdiction. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the parties will substitute for any invalid,
illegal or unenforceable provision a suitable and equitable provision that carries out, so far as may be valid, legal and enforceable,
the intent and purpose of such invalid, illegal or unenforceable provision.

 

(j)           Specific
Performance. Holder acknowledges that its obligations under this Agreement are unique, recognizes and affirms that in the event
of a breach of this Agreement by Holder, money damages will be inadequate and Pubco (and the Purchaser Representative on behalf
of Pubco) will have no adequate remedy at law, and agrees that irreparable damage would occur in the event that any of the provisions
of this Agreement were not performed by Holder in accordance with their specific terms or were otherwise breached. Accordingly,
each of Pubco and the Purchaser Representative shall be entitled to an injunction or restraining order to prevent breaches of this
Agreement by Holder and to enforce specifically the terms and provisions hereof, without the requirement to post any bond or other
security or to prove that money damages would be inadequate, this being in addition to any other right or remedy to which such
party may be entitled under this Agreement, at law or in equity.

 

(k)          Entire
Agreement. This Agreement constitutes the full and entire understanding and agreement among the parties with respect to the
subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the parties
is expressly canceled; provided, that, for the avoidance of doubt, the foregoing shall not affect the rights and obligations
of the parties under the Merger Agreement or any Ancillary Document. Notwithstanding the foregoing, nothing in this Agreement shall
limit any of the rights or remedies of Pubco and the Purchaser Representative or any of the obligations of Holder under any other
agreement between Holder and Pubco or the Purchaser Representative or any certificate or instrument executed by Holder in favor
of Pubco or the Purchaser Representative, and nothing in any other agreement, certificate or instrument shall limit any of the
rights or remedies of Pubco or the Purchaser Representative or any of the obligations of Holder under this Agreement.

 

(l)           Further
Assurances. From time to time, at another party’s request and without further consideration (but at the requesting party’s
reasonable cost and expense), each party shall execute and deliver such additional documents and take all such further action as
may be reasonably necessary to consummate the transactions contemplated by this Agreement.

 

(m)         Counterparts;
Facsimile.  This Agreement may also be executed and delivered by facsimile signature or by email in portable document
format in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and
the same instrument.

 

[Remainder of Page Intentionally Left
Blank; Signature Pages Follow]

 

    	 	6	 

     

    

 

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

 

	 	Pubco:
	 	 
	 	MTECH ACQUISITION HOLDINGS INC.
	 	 	 
	 	By:	          
	 	Name:
	 	Title:
	 	 
	 	The Purchaser Representative:
	 	 
	 	MTECH SPONSOR LLC,
	 	solely in its capacity under the Merger Agreement as the Purchaser Representative
	 	 	 
	 	By:	 
	 	Name:
	 	Title:

 

{Additional Signature on the Following
Page}

 

{Signature Page to Lock-Up Agreement}

 

     

     

    

 

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

 

Holder:

 

Name of Holder: [                                                 ]

 

	By:	 	 
	Name:	 
	Title:	 

 

Number and Type of Company Units:

 

	Company Common Units: 	 	 
	 	 	 
	Company Series A Preferred Units:  	 	 
	 	 	 
	Company Series B Preferred Units:	 	 
	 	 	 
	Company Series C Preferred Units:	 	 
	 	 	 
	Company Profits Interest Units:  	 	 

 

Address for Notice:

 

	Address:	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	Facsimile No.: 	 	 
	 	 	 
	Telephone No.:  	 	 
	 	 	 
	Email:	 	 

 

{Signature Page to Lock-Up Agreement}Exhibit 10.4

 

FINAL FORM

FORM OF NON-COMPETITION AND NON-SOLICITATION
AGREEMENT

 

THIS NON-COMPETITION
AND NON-SOLICITATION AGREEMENT (this “Agreement”) is being executed and delivered as of [●], by
the undersigned (“Seller”) in favor of and for the benefit of MTech Acquisition Holdings Inc.,
a Delaware corporation which will be known after the consummation of the transactions contemplated by the Merger Agreement (as
defined below) (the “Closing”) as “[__________]” (together with its successors, “Pubco”),
MJ Freeway LLC, a Colorado limited liability company (together with its successors, including the Company Surviving Subsidiary
(as defined in the Merger Agreement, the “Company”), and each of Pubco’s and the Company’s
present and future Affiliates, successors and direct and indirect Subsidiaries (including Purchaser) (collectively with Pubco and
the Company, the “Covered Parties”). Any capitalized term used, but not defined in this Agreement will
have the meaning ascribed to such term in the Merger Agreement.

 

WHEREAS, Pubco and
the Company are parties to that certain that Agreement and Plan of Merger, dated as of October 10, 2018 (as amended from time to
time in accordance with the terms thereof, the “Merger Agreement”), by and among (i) MTech Acquisition
Corp., a Delaware corporation and, prior to giving effect to the Closing, the parent entity of Pubco (together with its successors,
including the Purchaser Surviving Subsidiary, “Purchaser”), (ii) Pubco, (iii) MTech Purchaser Merger
Sub Inc., a Delaware corporation and a wholly-owned subsidiary of Pubco (“Purchaser Merger Sub”), (iv)
MTech Company Merger Sub LLC, a Colorado limited liability company and a wholly-owned subsidiary of Pubco (“Company
Merger Sub” and together with Pubco, Purchaser and Purchaser Merger Sub, the “Purchaser Parties”),
(v) MTech Sponsor LLC, a Florida limited liability company, in the capacity as the Purchaser Representative thereunder (including
any successor Purchaser Representative appointed in accordance therewith, the “Purchaser Representative”),
(vi) the Company and (vii) Harold Handelsman, in the capacity as Seller Representative thereunder, pursuant to which, subject to
the terms and conditions thereof, among other matters, (a) Purchaser Merger Sub will merge with and into Purchaser, with Purchaser
continuing as the surviving entity (the “Purchaser Merger”), and with security holders of Purchaser receiving
substantially equivalent securities of Pubco, and (b) Company Merger Sub will merge with and into the Company, with the Company
continuing as the surviving entity (the “Company Merger”, and together with the Purchaser Merger, the
“Mergers” and, collectively with the other transactions contemplated by the Merger Agreement, the “Transactions”),
and with equity holders of the Company, including Seller, receiving shares of common stock of Pubco, and as a result of which Mergers,
among other matters, Purchaser and the Company will become wholly-owned subsidiaries of Pubco and Pubco will become a publicly
traded company, all upon the terms and subject to the conditions set forth in the Merger Agreement and in accordance with the applicable
provisions of the DGCL and the Colorado Act;

 

WHEREAS, the Company
(and after the Closing, Pubco), directly and indirectly through its Subsidiaries, creates and sells software, consulting and data
solutions for cannabis businesses, including cultivation management, point of sale, patient management and inventory tracking systems
(the “Business”);

 

WHEREAS, in connection
with, and as a condition to the Closing and to enable the Purchaser Parties and the Company to secure more fully the benefits of
the Transactions, including the protection and maintenance of the goodwill and confidential information of the Company and its
Subsidiaries and the other Covered Parties, the Purchaser Parties and the Company have required that Seller enter into this Agreement;

 

WHEREAS, Seller is
entering into this Agreement in order to induce the Purchaser Parties and the Company to consummate the Transactions, pursuant
to which Seller will directly or indirectly receive a material benefit; and

 

     

     

    

 

WHEREAS, Seller, as
a former and/or current member, manager, officer and/or employee of the Company and/or its Subsidiaries, has contributed to the
value of the Company and its Subsidiaries and has obtained extensive and valuable knowledge and confidential information concerning
the business of the Company and its Subsidiaries.

 

NOW, THEREFORE, in
order to induce the Purchaser Parties and the Company to consummate the Transactions, and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, Seller hereby agrees as follows:

 

		1.	Restriction on Competition.

 

(a)          Restriction.
Seller hereby agrees that during the period from the Closing until the four (4) year anniversary of the Closing (the “Restricted
Period”), Seller will not, and will cause its Affiliates not to, without the prior written consent of Pubco (which
may be withheld in its sole discretion), anywhere within the United States, Australia, Canada, Chile, Columbia, Denmark, New Zealand,
South Africa, Spain, Switzerland, Uraguay or in any other markets in which the Covered Parties are engaged, or are actively contemplating
to become engaged, in the Business as of the Closing or during the Restricted Period (the “Territory”),
directly or indirectly engage in the Business (other than through a Covered Party) or own, manage, finance or control, or participate
in the ownership, management, financing or control of, or become engaged or serve as an officer, director, member, partner, employee,
agent, consultant, advisor or representative of, a business or entity (other than a Covered Party) that engages in the Business
(a “Competitor”). Notwithstanding the foregoing, Seller and its Affiliates may own passive investments
of not more than three percent (3%) beneficially ownership of any class of outstanding equity interests in a Competitor that is
publicly traded, so long as Seller and its Affiliates and their respective equity holders, directors, officers, managers and employees
who were involved with the business of any of the Covered Parties are not involved in the management or control of such Competitor
(“Permitted Ownership”).

 

(b)          Acknowledgment.
Seller acknowledges and agrees, based upon the advice of legal counsel and/or Seller’s own education, experience and training,
that (i) Seller possesses knowledge of confidential information of the Covered Parties and the Business, (ii) Seller’s execution
of this Agreement is a material inducement to the Purchaser Parties and the Company to consummate the Transactions and to realize
the goodwill of the Company and its Subsidiaries, for which Seller and/or its Affiliates will receive a substantial direct or indirect
financial benefit, and that the Purchaser Parties and the Company would not have consummated the Transactions but for Seller’s
agreements set forth in this Agreement; (iii) it would impair the goodwill of the Covered Parties and reduce the value of the assets
of the Covered Parties and cause serious and irreparable injury if Seller and/or its Affiliates were to use their ability and knowledge
by engaging in the Business in competition with a Covered Party, and/or to otherwise breach the obligations contained herein and
that the Covered Parties would not have an adequate remedy at law because of the unique nature of the Business, (iv) Seller and
its Affiliates have no intention of engaging in the Business (other than through the Covered Parties) during the Restricted Period
other than through Permitted Ownership, (v) the relevant public policy aspects of restrictive covenants, covenants not to compete
and non-solicitation provisions have been discussed, and every effort has been made to limit the restrictions placed upon Seller
to those that are reasonable and necessary to protect the Covered Parties’ legitimate interests, (vi) the Covered Parties
conduct and intend to conduct the Business everywhere in the Territory (subject to applicable legal limitations) and compete with
other businesses that are or could be located in any part of the Territory (subject to applicable legal limitations), (vii) the
foregoing restrictions on competition are fair and reasonable in type of prohibited activity, geographic area covered, scope and
duration, (viii) the provisions of this Agreement will not prevent Seller from earning a livelihood, (ix) the consideration provided
to Seller under this Agreement and the Merger Agreement is not illusory, and (x) such provisions do not impose a greater restraint
than is necessary to protect the goodwill or other business interests of the Covered Parties.

 

    	 	2	 

     

    

 

		2.	No Solicitation; No Disparagement.

 

(a)          No
Solicitation of Employees and Consultants. Seller agrees that, during the Restricted Period, Seller will not, and will not
permit its Affiliates to, without the prior written consent of Pubco (which may be withheld in its sole discretion), either on
its own behalf or on behalf of any other Person (other than, if applicable, a Covered Party in the performance of its duties on
behalf of the Covered Parties), directly or indirectly: (i) hire or engage as an employee, independent contractor, consultant or
otherwise any Covered Personnel (as defined below); (ii) solicit, induce, encourage or otherwise knowingly cause (or attempt to
do any of the foregoing) any Covered Personnel to leave the service (whether as an employee, consultant or independent contractor)
of any Covered Party; or (iii) in any way interfere with or attempt to interfere with the relationship between any Covered Personnel
and any Covered Party; provided, however, Seller and its Affiliates will not be deemed to have violated this Section
2(a) if any Covered Personnel voluntarily and independently solicits an offer of employment from Seller or its Affiliate (or
other Person whom any of them is acting on behalf of) by responding to a general advertisement or solicitation program conducted
by or on behalf of Seller or its Affiliate (or such other Person whom any of them is acting on behalf of) that is not targeted
at such Covered Personnel or Covered Personnel generally, so long as such Covered Personnel is not hired. For purposes of this
Agreement, “Covered Personnel” means any Person who is or was an employee, consultant or independent
contractor of the Covered Parties as of the date of the relevant act prohibited by this Section 2(a) or during the one (1)
year period preceding such date.

 

(b)          Non-Solicitation
of Customers and Suppliers. Seller agrees that, during the Restricted Period, Seller will not, and will not permit its Affiliates
to, without the prior written consent of Pubco (which may be withheld in its sole discretion), individually or on behalf of any
other Person (other than, if applicable, a Covered Party in the performance of its duties on behalf of the Covered Parties), directly
or indirectly: (i) solicit, induce, encourage or otherwise knowingly cause (or attempt to do any of the foregoing) any Covered
Customer (as defined below) to (A) cease being, or not become, a client or customer of any Covered Party with respect to the Business
or (B) reduce the amount of business of such Covered Customer with any Covered Party, or otherwise alter such business relationship
in a manner adverse to any Covered Party, in either case, with respect to or relating to the Business; (ii) interfere with or disrupt
(or attempt to interfere with or disrupt) the contractual relationship between any Covered Party and any Covered Customer; (iii)
divert any business with any Covered Customer relating to the Business from a Covered Party; (iv) solicit for business, provide
services to, engage in or do business with, any Covered Customer for products or services that are part of the Business; or (v)
interfere with or disrupt (or attempt to interfere with or disrupt), any Person that was a vendor, supplier, distributor, agent
or other service provider of a Covered Party at the time of such interference or disruption, for a purpose competitive with a Covered
Party as it relates to the Business. For purposes of this Agreement, a “Covered Customer” means any Person
who is or was an actual customer or client (or prospective customer or client with whom a Covered Party actively marketed or made
or took specific action to make a proposal) of a Covered Party as of the date of the relevant act prohibited by this Section
2(b) or during the one (1) year period preceding such date.

 

(c)          Non-Disparagement.
Seller agrees that from and after the Closing until the Second (2nd) anniversary of the end of the Restricted Period,
Seller will not, and will not permit its Affiliates to, directly or indirectly engage in any conduct that involves the making or
publishing (including through electronic mail distribution or online social media) of any written or oral statements or remarks
(including the repetition or distribution of derogatory rumors, allegations, negative reports or comments) that are disparaging,
deleterious or damaging to the integrity, reputation or good will of one or more Covered Parties or their respective management,
officers, employees, independent contractors or consultants. Notwithstanding the foregoing, subject to Section 3 below,
the provisions of this Section 2(c) shall not restrict Seller from providing truthful testimony or information in response
to a subpoena or investigation by a Governmental Authority or in connection with any legal action by Seller or its Affiliate against
any Covered Party under this Agreement, the Merger Agreement or any other Ancillary Document that is asserted by Seller or its
Affiliate in good faith.

 

    	 	3	 

     

    

 

3.          Confidentiality.
From and after the Closing, Seller will, and will cause its Representatives to, keep confidential and not (except, if applicable,
in the performance of its duties on behalf of the Covered Parties) directly or indirectly use, disclose, reveal, publish, transfer
or provide access to, any and all Covered Party Information without the prior written consent of Pubco (which may be withheld in
its sole discretion). As used in this Agreement, “Covered Party Information” means all material and information
relating to the business, affairs and assets of any Covered Party, including material and information that concerns or relates
to such Covered Party’s bidding and proposal, technical information, computer hardware or software, administrative, management,
operational, data processing, financial, marketing, customers, sales, vendors, human resources, employees, business development,
planning and/or other business activities, regardless of whether such material and information is maintained in physical, electronic,
or other form, that is: (A) gathered, compiled, generated, produced or maintained by such Covered Party through its Representatives,
or provided to such Covered Party by its suppliers, service providers or customers; and (B) intended and maintained by such Covered
Party or its Representatives, suppliers, service providers or customers to be kept in confidence. Covered Party Information also
includes information disclosed to any Covered Party by third parties to the extent that a Covered Party has an obligation of confidentiality
in connection therewith. The obligations set forth in this Section 3 will not apply to any Covered Party Information where
Seller can prove that such material or information: (i) is known or available through other lawful sources not bound by a confidentiality
agreement with, or other confidentiality obligation with respect to such material or information; (ii) is or becomes publicly known
through no violation of this Agreement or other non-disclosure obligation of Seller or any of its Representatives; (iii) is already
in the possession of Seller at the time of disclosure through lawful sources not bound by a confidentiality agreement or other
confidentiality obligation as evidenced by Seller’s documents and records; or (iv) is required to be disclosed pursuant to
an order of any administrative body or court of competent jurisdiction (provided that (A) the applicable Covered Party is given
reasonable prior written notice, (B) Seller cooperates (and causes its Representatives to cooperate) with any reasonable request
of any Covered Party to seek to prevent or narrow such disclosure and (C) if after compliance with clauses (A) and (B) such disclosure
is still required, Seller and its Representatives only disclose such portion of the Covered Party Information that is expressly
required by such order, as it may be subsequently narrowed).

 

4.          Notification
to Subsequent Employer. Seller agrees that, during the Restricted Period, any Covered Party may notify any Person employing
or otherwise retaining the services of Seller or evidencing an intention of employing or retaining the services of Seller the existence
and provisions of this Agreement.

 

5.          Representations
and Warranties. Seller hereby represents and warrants, to and for the benefit of the Covered Parties, as of the date of this
Agreement and as of the Closing, that: (a) Seller has full power and capacity to execute and deliver, and to perform all of Seller’s
obligations under, this Agreement; and (b) neither the execution and delivery of this Agreement nor the performance of Seller’s
obligations hereunder will result directly or indirectly in a violation or breach of any agreement or obligation by which Seller
is a party or otherwise bound. By entering into this Agreement, Seller certifies and acknowledges that Seller has carefully read
all of the provisions of this Agreement, and that Seller voluntarily and knowingly enters into this Agreement.

 

    	 	4	 

     

    

 

6.          Remedies.
The covenants and undertakings of Seller contained in this Agreement relate to matters which are of a special, unique and extraordinary
character and a violation of any of the terms of this Agreement may cause irreparable injury to the Covered Parties, the amount
of which may be impossible to estimate or determine and which cannot be adequately compensated. Seller agrees that, in the event
of any breach or threatened breach by Seller of any covenant or obligation contained in this Agreement, each applicable Covered
Party will be entitled to obtain the following remedies (in addition to, and not in lieu of, any other remedy at law or in equity
or pursuant to the Merger Agreement or the other Ancillary Documents that may be available to the Covered Parties, including monetary
damages), and a court of competent jurisdiction may award: (i) an injunction, restraining order or other equitable relief restraining
or preventing such breach or threatened breach, without the necessity of proving actual damages or that monetary damages would
be insufficient or posting bond or security, which Seller expressly waives; and (ii) recovery of the Covered Party’s attorneys’
fees and costs incurred in enforcing the Covered Party’s rights under this Agreement. Seller hereby consents to the award
of any of the above remedies to the applicable Covered Party in connection with any such breach or threatened breach. Seller hereby
acknowledges and agrees that in the event of any breach of this Agreement, any value attributed or allocated to this Agreement
(or any other non-competition agreement with Seller) under or in connection with the Merger Agreement shall not be considered a
measure of, or a limit on, the damages of the Covered Parties.

 

7.          Survival
of Obligations. The expiration of the Restricted Period will not relieve Seller of any obligation or liability arising from
any breach by Seller of this Agreement during the Restricted Period. Seller further agrees that the time period during which the
covenants contained in Section 1 and Section 2 of this Agreement will be effective will be computed by excluding
from such computation any time during which Seller is in violation of any provision of such Sections.

 

8.          Miscellaneous.

 

(a)          Notices.
All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given
when delivered (i) in person, (ii) by facsimile or other electronic means, with affirmative confirmation of receipt, (iii) one
Business Day after being sent, if sent by reputable, nationally recognized overnight courier service or (iv) three (3) Business
Days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each case to the applicable
party at the following addresses (or at such other address for a party as shall be specified by like notice):

 

    	 	5	 

     

    

 

 

	
        

        If to Pubco or any other Covered Party,
        to:

         

        [post-Closing Pubco name]

        1601 Arapahoe Street, Suite 900

        Denver, CO 80202

        Attn: Jessica Billingsley, CEO

        Facsimile No.: (888) 932-6537

        Telephone No.: (888) 932-6537

        Email: jessica@mjfreeway.com

         

        and

         

        MTech Sponsor LLC

        10124 Foxhurst Court

        Orlando, Florida 32836

        Attn: Scott Sozio

        Facsimile No.: (407) 370-3097

        Telephone No.: (407) 345-8332

        Email: scott@vandykeholdings.com
	
        with a copy (that will not constitute notice)
        to: 

         

        Graubard Miller

        The Chrysler Building

        405 Lexington Avenue - 11th Floor

        New York, New York 10174

        Attn: David Alan Miller, Esq.

        Facsimile No.: (212) 818-8881

        Telephone No.: (212) 818-8661

        Email: DMiller@graubard.comand

         

        and

         

        Ellenoff Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105

        Attn: Stuart Neuhauser, Esq.

         Matthew A. Gray, Esq.

        Facsimile No.: (212) 370-7889

        Telephone No.: (212) 370-1300

        Email: sneuhauser@egsllp.com

                     mgray@egsllp.com

	If to Seller, to: 

the address below Seller’s name on the signature page to this Agreement.

 

(b)          Integration
and Non-Exclusivity. This Agreement, the Merger Agreement and the other Ancillary Documents contain the entire agreement between
Seller and the Covered Parties concerning the subject matter hereof. Notwithstanding the foregoing, the rights and remedies of
the Covered Parties under this Agreement are not exclusive of or limited by any other rights or remedies which they may have, whether
at law, in equity, by contract or otherwise, all of which will be cumulative (and not alternative). Without limiting the generality
of the foregoing, the rights and remedies of the Covered Parties, and the obligations and liabilities of Seller and its Affiliates,
under this Agreement, are in addition to their respective rights, remedies, obligations and liabilities (i) under the laws of unfair
competition, misappropriation of trade secrets, or other requirements of statutory or common law, or any applicable rules and regulations
and (ii) otherwise conferred by contract, including the Merger Agreement and any other written agreement between Seller or its
Affiliate and any of the Covered Parties. Nothing in the Merger Agreement will limit any of the obligations, liabilities, rights
or remedies of Seller or the Covered Parties under this Agreement, nor will any breach of the Merger Agreement or any other agreement
between Seller or its Affiliate and any of the Covered Parties limit or otherwise affect any right or remedy of the Covered Parties
under this Agreement. If any term or condition of any other agreement between Seller or its Affiliate and any of the Covered Parties
conflicts or is inconsistent with the terms and conditions of this Agreement, the more restrictive terms will control as to Seller
or its Affiliate, as applicable.

 

(c)          Severability;
Reformation. Each provision of this Agreement is separable from every other provision of this Agreement. If any provision of
this Agreement is found or held to be invalid, illegal or unenforceable, in whole or in part, by a court of competent jurisdiction,
then (i) such provision will be deemed amended to conform to applicable laws so as to be valid, legal and enforceable to the fullest
possible extent, (ii) the invalidity, illegality or unenforceability of such provision will not affect the validity, legality or
enforceability of such provision under any other circumstances or in any other jurisdiction, and (iii) the invalidity, illegality
or unenforceability of such provision will not affect the validity, legality or enforceability of the remainder of such provision
or the validity, legality or enforceability of any other provision of this Agreement. Seller and the Covered Parties will substitute
for any invalid, illegal or unenforceable provision a suitable and equitable provision that carries out, so far as may be valid,
legal and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision. Without limiting the foregoing,
if any court of competent jurisdiction determines that any part hereof is unenforceable because of the duration, geographic area
covered, scope of such provision, or otherwise, such court will have the power to reduce the duration, geographic area covered
or scope of such provision, as the case may be, and, in its reduced form, such provision will then be enforceable. Seller will,
at a Covered Party’s request, join such Covered Party in requesting that such court take such action.

 

    	 	6	 

     

    

 

(d)          Amendment;
Waiver. This Agreement may not be amended or modified in any respect, except by a written agreement executed by Seller, Pubco
and the Purchaser Representative (or their respective permitted successors or assigns). No waiver will be effective unless it is
expressly set forth in a written instrument executed by the waiving party (and if such waiving party is a Covered Party, the Purchaser
Representative) and any such waiver will have no effect except in the specific instance in which it is given. Any delay or omission
by a party in exercising its rights under this Agreement, or failure to insist upon strict compliance with any term, covenant,
or condition of this Agreement will not be deemed a waiver of such term, covenant, condition or right, nor will any waiver or relinquishment
of any right or power under this Agreement at any time or times be deemed a waiver or relinquishment of such right or power at
any other time or times.

 

(e)          Dispute
Resolution. Any dispute, difference, controversy or claim arising in connection with or related or incidental to, or question
occurring under, this Agreement or the subject matter hereof (other than applications for a temporary restraining order, preliminary
injunction, permanent injunction or other equitable relief or application for enforcement of a resolution under this Section
7(e)) (a “Dispute”) shall be governed by this Section 7(e). A party must, in the first instance,
provide written notice of any Disputes to the other parties subject to such Dispute, which notice must provide a reasonably detailed
description of the matters subject to the Dispute. Any Dispute that is not resolved may at any time after the delivery of such
notice immediately be referred to and finally resolved by arbitration pursuant to the then-existing Expedited Procedures (as defined
in the AAA Procedures) of the Commercial Arbitration Rules (the “AAA Procedures”) of the American Arbitration
Association (the “AAA”). Any party involved in such Dispute may submit the Dispute to the AAA to commence
the proceedings after the Resolution Period. To the extent that the AAA Procedures and this Agreement are in conflict, the terms
of this Agreement shall control. The arbitration shall be conducted by one arbitrator nominated by the AAA promptly (but in any
event within five (5) Business Days) after the submission of the Dispute to the AAA and reasonably acceptable to each party subject
to the Dispute, which arbitrator shall be a commercial lawyer with substantial experience arbitrating disputes under acquisition
agreements. The arbitrator shall accept his or her appointment and begin the arbitration process promptly (but in any event within
five (5) Business Days) after his or her nomination and acceptance by the parties subject to the Dispute. The proceedings shall
be streamlined and efficient. The arbitrator shall decide the Dispute in accordance with the substantive law of the State of New
York. Time is of the essence. Each party shall submit a proposal for resolution of the Dispute to the arbitrator within twenty
(20) days after confirmation of the appointment of the arbitrator. The arbitrator shall have the power to order any party to do,
or to refrain from doing, anything consistent with this Agreement, the Ancillary Documents and applicable Law, including to perform
its contractual obligation(s); provided, that the arbitrator shall be limited to ordering pursuant to the foregoing power
(and, for the avoidance of doubt, shall order) the relevant party (or parties, as applicable) to comply with only one or the other
of the proposals. The arbitrator's award shall be in writing and shall include a reasonable explanation of the arbitrator's reason(s)
for selecting one or the other proposal. The seat of arbitration shall be in New York County, State of New York. The language of
the arbitration shall be English.

 

    	 	7	 

     

    

 

(f)           Governing
Law; Jurisdiction. This Agreement shall be governed by, construed and enforced in accordance with the Laws of the State of
New York without regard to the conflict of laws principles thereof. Subject to Section 7(e), all Actions arising out of
or relating to this Agreement shall be heard and determined exclusively in any state or federal court located in New York, New
York (or in any appellate courts thereof) (the “Specified Courts”). Subject to Section 7(e),
each party hereto hereby (a) submits to the exclusive jurisdiction of any Specified Court for the purpose of any Action arising
out of or relating to this Agreement brought by any party hereto, (b) irrevocably waives, and agrees not to assert by way of motion,
defense or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the above-named courts,
that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient forum, that
the venue of the Action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in or
by any Specified Court and (c) waives any bond, surety or other security that might be required of any other party with respect
thereto. Each party agrees that a final judgment in any Action shall be conclusive and may be enforced in other jurisdictions
by suit on the judgment or in any other manner provided by Law or in equity. Each party irrevocably consents to the service of
the summons and complaint and any other process in any other action or proceeding relating to the transactions contemplated by
this Agreement, on behalf of itself, or its property, by personal delivery of copies of such process to such party at the applicable
address set forth in Section 7(a). Nothing in this Section 7(f) shall affect the right of any party to serve legal
process in any other manner permitted by Law.

 

(g)          WAIVER
OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SEEK TO ENFORCE THAT FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7(g). ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS
SECTION 7(g) WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY
JURY.

 

(h)          Successors
and Assigns; Third Party Beneficiaries. This Agreement will be binding upon Seller and Seller’s estate, successors and
assigns, and will inure to the benefit of the Covered Parties, and their respective successors and assigns. Each Covered Party
may freely assign any or all of its rights under this Agreement, at any time, in whole or in part, to any Person which acquires,
in one or more transactions, at least a majority of the equity securities (whether by equity sale, merger or otherwise) of such
Covered Party or all or substantially all of the assets of such Covered Party and its Subsidiaries, taken as a whole, without obtaining
the consent or approval of Seller. Seller agrees that the obligations of Seller under this Agreement are personal and will not
be assigned by Seller. Each of the Covered Parties are express third party beneficiaries of this Agreement and will be considered
parties under and for purposes of this Agreement.

 

(i)           Purchaser
Representative Authorized to Act on Behalf of Covered Parties. The parties acknowledge and agree that the Purchaser Representative
is authorized and shall have the sole right to act on behalf of Pubco and the other Covered Parties under this Agreement, including
the right to enforce Pubco’s and the other Covered Parties’ rights and remedies under this Agreement. Without limiting
the foregoing, in the event that Seller or its Affiliate serves as a director, officer, employee or other authorized agent of a
Covered Party, Seller or such Affiliate shall have no authority, express or implied, to act or make any determination on behalf
of a Covered Party in connection with this Agreement or any dispute or Action with respect hereto.

 

    	 	8	 

     

    

 

(j)           Construction.
Seller acknowledges that Seller has been represented by counsel, or had the opportunity to be represented by counsel of Seller’s
choice. Any rule of construction to the effect that ambiguities are to be resolved against the drafting party will not be applied
in the construction or interpretation of this Agreement. Neither the drafting history nor the negotiating history of this Agreement
will be used or referred to in connection with the construction or interpretation of this Agreement. The headings and subheadings
contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement. In this Agreement: (i) the words “include,” “includes” and “including” when used
herein shall be deemed in each case to be followed by the words “without limitation”; (ii) the definitions contained
herein are applicable to the singular as well as the plural forms of such terms; (iii) whenever required by the context, any pronoun
shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include
the plural and vice versa; (iv) the words “herein,” “hereto,” and “hereby” and other words
of similar import shall be deemed in each case to refer to this Agreement as a whole and not to any particular Section or other
subdivision of this Agreement; (v) the word “if” and other words of similar import when used herein shall be deemed
in each case to be followed by the phrase “and only if”; (vi) the term “or” means “and/or”;
and (vii) any agreement or instrument defined or referred to herein or in any agreement or instrument that is referred to herein
means such agreement or instrument as from time to time amended, modified or supplemented, including by waiver or consent and references
to all attachments thereto and instruments incorporated therein.

 

(k)          Counterparts.
This Agreement may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each
of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.
A photocopy, faxed, scanned and/or emailed copy of this Agreement or any signature page to this Agreement, shall have the same
validity and enforceability as an originally signed copy.

 

(l)           Effectiveness.
This Agreement shall be binding upon Seller upon Seller’s execution and delivery of this Agreement, but this Agreement shall
only become effective upon the Closing. In the event that the Merger Agreement is validly terminated in accordance with its terms
prior to the Closing, this Agreement shall automatically terminate and become null and void, and the parties shall have no obligations
hereunder.

 

[Remainder of Page Intentionally Left
Blank; Signature Page Follows]

 

 

    	 	9	 

     

    

 

IN WITNESS WHEREOF,
the undersigned has duly executed and delivered this Non-Competition and Non-Solicitation Agreement as of the date first written
above.

 

	 	Seller:
	 	 
	 	[________________________________]
	 	 	 
	 	By:	                                                
	 	Name:
	 	Title:
	 	 
	 	Address for Notice:
	 	 
	 	Address: _______________________________
	 	_______________________________________
	 	_______________________________________
	 	Facsimile No.: ____________________________
	 	Telephone No.: ___________________________
	 	Email: __________________________________

 

{Signature Page to Non-Competition
Agreement}

 

     

     

    

 

	Acknowledged and accepted as of the date first written above:	 
	 	 
	Pubco:	 
	 	 
	MTECH ACQUISITION HOLDINGS INC.	 
	 	 	 
	By:	          	 
	Name:	 
	Title:	 
	 	 
	The Company:	 
	 	 
	MJ FREEWAY LLC	 
	 	 	 
	By:	 	 
	Name:	 
	Title:	 
	 	 
	The Purchaser Representative:	 
	 	 
	MTECH SPONSOR LLC,	 
	solely in its capacity as the Purchaser Representative	 
	 	 	 
	By:	 	 
	Name:	 
	Title:	 

 

{Signature Page to Non-Competition
Agreement}

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