Document:

Exhibit 10.11

 

690
ARK ROAD

CVRD, BC

(BUILDING)

 

OFFER
TO LEASE

 

BETWEEN

 

ARK
HOLDINGS LTD.

 

(LANDLORD)

 

AND

 

HOLLYWEED
NORTH CANNABIS INC.

 

(TENANT)

 

Colliers
Macaulay NicolIs Inc.,

Victoria, BC (Brokerage)

Ty Whittaker (250) 414-8395

 

     

     

    

 

OFFER
TO LEASE

BUILDING NAME OR ADDRESS

CITY, BC

(“BUILDING”)

 

TO: ARK
HOLDINGS LTD. hereinafter called the

 

(“Landlord”)

 

WE: HOLLYWEEDNORTHCANNABIS
INC. hereinafter called the

 

(“Tenant”)

 

The
Tenant hereby offers to lease from the Landlord, through Colliers Macaulay Nicolls Inc., (“Brokerage”), in consideration
of the rents, covenants and agreements contained in this offer to lease (the “Offer”), the Leased Premises (hereinafter defined)
upon the following terms and conditions:

 

		1.	LEASED
                                            PREMISES

 

The
premises (the “Leased Premises”) shall be those premises in the Building situated at 690 Ark Road, and having a legal address
of Lot 3, District Lot 132, Malahat District, Plan V1P9211. The Premises have a Rentable Area of approximately 26,518 SF, subject to
BOMA measurement.

 

The
Basic Rent and the Operating Costs and Property Taxes shall be subject to adjustment based on the actual Rentable Area of the Leased
Premises as determined by the Landlord’s architect in accordance with the Lease delivered withir, thirty (30) days of the Commencement
Date.

 

		2.	TERM

 

The
term (the “Term”) of the Lease shall be Five (5) years commencing on theist day of August, 2017 (the “Commencement
Date”) and expiring on July 31st, 2022 (the “Expiration Date”), subject to the terms of the Lease. The Term
of the Lease shall end on the Expiry Date.

 

		3.	RENEWAL
                                            TERMS

 

If
the Tenant has not been in default of any of the terms or conditions of the Lease, then the Tenant shall, upon giving written notice
to the Landlord not less than One Hundred and Eighty (180) days prior to the expiry of this Lease, be granted a Two Five (5) year options
to renew this Lease on the same terms and conditions, except as to this renewal and any inducements. Basic Rent shall be determined by
agreement between the parties and failing such agreement shall be determined by commercial arbitration based on fair market value of
similar premises at the time of renewal.

 

    2

     

    

 

		4.	BASIC
                                            RENT

 

For
the Term of the Lease, the Basic Rent, plus GST, shall be payable monthly in advance without deduction by the Tenant on the first
day of each month during the Term to the Landlord. The Basic Rent shall be based on 26,518 square feet Rentable, and payable as follows:

 

	Year	 	$/Sq.Ft.	 	 	Annual Basic 

Net Rental	 	 	Monthly Basic 

Net Rental	 
	1st	 	$ 8.50	 	 	$ 225,403.00	 	 	$ 18,783.58	 
	2nd	 	$ 8.50	 	 	$ 225,403.00	 	 	$ 18,783.58	 
	3rd	 	$ 9.00	 	 	$ 238,662.00	 	 	$ 19,688.50	 
	4th	 	$ 9.00	 	 	$ 238,662.00	 	 	$ 19,888.50	 
	5th	 	$ 9.50	 	 	$ 251,921.00	 	 	$ 20,993.41	 

  

The
first basic net rental payment will commence August 1st, 2017 and thereafter on the first day of each month for the
remainder of the Term.

 

The
Tenant shall also lease the residential unit at $700.00 plus GST with all utilities being paid for by the Tenant.

 

		5.	ADDITIONAL
                                            RENT

 

In
addition to Basic Rent, the parties understand and agree that the Lease shall be on a completely net basis In favour of the Landlord
whereby the Tenant shall be responsible for its proportionate share of all actual and reasonable costs incurred by the Landlord for property
taxes, all operating expenses, utilities and management costs (“Additional Rent”) in operating, servicing, maintaining,
insuring, repairing and managing the Building. The Additional Rent is estimated at Three Dollars ($3.00) per square foot of Rentable
Area for the 2017 fiscal year of the Building.

 

		6.	UTILITIES

 

In
addition to the Basic Rent and the Additional Rent, the Tenant shall be responsible for its own telephone and Internet charges, electricity
consumption and any other utilities not included in the Additional Rent. It is understood that the Premises are separately metered for
hydro.

 

		7.	DEPOSIT

 

Within
Five (5) business days of acceptance of this Offer to Lease, the Tenant shall pay to the Agent, in trust, the sum of Fifty Thousand Dollars
($50,000.00), to be applied to the last two months’ total rent (basic and additional rent plus Goods and Services Tax) as it becomes
due under this Agreement if accepted to be applied as follows:

 

		●	$
                                            50,000.00 being the last month’s total rent plus a security deposit to be held by the
                                            Landlord, without interest as a security deposit for the term of the Lease and any renewal
                                            thereof.

 

This
deposit will not bear interest and will be returned to the Tenant forthwith if the Conditions contained herein are not removed by the
date agreed. In the event the Tenant defaults under the terms hereof, the Landlord, at its option, may terminate this agreement and retain
the Deposit as a contribution to liquidated damages and not as a penalty and without prejudice to any other remedy.

 

    3

     

    

 

		8.	EARLY
                                            OCCUPANCY

 

Notwithstanding
the aforementioned, it is understood and agreed that once the Lease has been executed by the Tenant, the Tenant shall be permitted to
enter the Premises as at May 1°, 2017 for the purpose of installation of its fixtures and equipment and to make the Premises ready
for Its occupancy (“Fixturing Period”).

 

During
the aforementioned Fixturing Period, the Tenant shall perform its work and cause its employees and contractors to do their work so as
not to interfere with the Landlord’s employees or the other Tenants in the building and the Tenant shall be bound by the provisions
of the Lease saving those requiring payment of Basic and Addition Rent.

 

Ali
of the Tenant’s work shall be subject to the Landlord’s approval after review of all plans and working drawings, said approval
not to be unreasonably withheld.

 

The
Tenant shall have gross free rent for the months of May-July 2017 with utilities being to their account.

 

		9.	LEASE
                                            FORM [AND TENANT’S CONDITION]

 

Within
five (5) business days of acceptance of this Offer, the Landlord shall deliver a copy of the Landlord’s standard form of Lease
(the “Lease”) to the Tenant, with the terms of the agreed Offer completed therein. From the date of receipt of the Lease,
the Tenant shall have five (5) business days to review and submit its requested Lease amendments to the Landlord.

 

The
Tenant and the Landlord, both acting reasonably, shall have a further five (5) business days to settle the Tenant’s requested lease
amendments. If the Tenant’s requested lease changes are not agree to by both parties within such period, either party may terminate
this Offer to Lease and this offer shall be null and void, and neither party shall have any further legal obligations to the other thereafter.

 

		10.	USE

 

The
Leased Premises shall be used only for the purpose of medical marijuana grow operation and any other use permitted under the applicable
zoning by-laws and federal, provincial and municipal regulations. It is the sole responsibility of the Tenant to ensure the Leased Premises
are approved for the use by the appropriate municipal or provincial government authorities

 

    4

     

    

 

		11.	TENANT’S
                                            CONDITIONS

 

This
Offer is conditional upon the following:

 

		(1)	Review
                                            and approval of the Landlord’s standard form of lease to their sole satisfaction.

 

		(2)	Issuance
                                            of a Business License from the CVRD to their sole satisfaction.

 

		(3)	Confirmation
                                            that the Landlord will allow and endorse a zoning amendment required by the CVRD for the
                                            Tenant’s applicable use.

 

The
Conditions as stated above are for the sole benefit of the Tenant and must be removed in writing by the Tenant not later than March 28,
2017. Ten Dollars ($10.00) of the Deposit is hereby designated as consideration payable to the Landlord for agreeing not to revoke or
withdraw this Offer prior to the time for removal of the Tenant’s Conditions,

 

Waiver
of Conditions: The Conditions set out above are for the exclusive benefit of the Tenant and fulfilment thereof in whole or In part
may be waived by the Tenant at any time or times. In the event the Tenant does not waive or otherwise fulfil the above Conditions
on or before the above date then this Offer shall become null and void, and neither party shall have any further legal obligations to
the other thereafter under this Agreement and any Deposit then paid shall be forthwith repaid to the Tenant.

 

		12.	LANDLORD’S
                                            CONDITIONS

 

This
Offer is conditional upon the following:

 

		(1)	Review
                                            and approval of the Tenant’s financial covenant to their sole satisfaction.

 

		(2)	Subject
                                            to formal approval of the Tenant’s use by the Landlord’s lender.

 

The
Conditions as stated above are for the sole benefit of the Landlord and must be removed in writing by the Landlord not later than March
28, 2017.

 

Waiver
of Conditions: The Conditions set out above are for the exclusive benefit of the Landlord and fulfilment thereof in whole or in part
may be waived by the Landlord at any time or times. In the event the Landlord does not waive or otherwise fulfil the above Conditions
on or before the above date then this Offer shall become null and void, and neither party shall have any further legal obligations to
the other thereafter under this Agreement and any Deposit then paid shall be forthwith repaid to the Tenant

 

    5

     

    

 

		13.	CONDITION
                                            OF THE LEASED PREMISES

 

The
Leased Premises shall be accepted by the Tenant on an “as is” basis with the exception of the installation of crash doors
in the concrete sheer wall at the cost of the Landlord.

 

		14.	SPECIAL
                                            PROVISIONS

 

		A.	LEASEHOLD
                                            IMPROVEMENT

 

The
Landlord allow security upgrades to the building at the cost of the Tenant including but not limited to, security camera, barbed wire
on perimeter of roof, baring windows, doors, ducts and ventilation. In addition the Tenant will install a concrete block wall to fill
in the grade level loading door at their cost. All specific Tenant Improvements will be removed at the end of the term upon the Tenant
vacating at their cost

 

		B.	Right
                                            of First Refusal

 

During
the initial term of the Lease, the Tenant shall have a Right of First Refusal to purchase the Property. In the event that the owner receives
an Offer to Purchase from an independent third party which is acceptable to the Landlord, the Tenant shall have Three (3) business days
to agree to the terms of the Offer to Purchase. In the event that terms are not agreed upon, the Right of First Refusal shall become
null and void with no further obligation to either party existing save and except the existing Lease.

 

		C.	Early
                                            Termination

 

The
Tenant shall have a onetime Right of Termination by providing sixty days notice prior to the expiration of the Thirty Six (36) month
of the initial term of the Lease in the event that the Tenant has not received federal government licensing to their sole satisfaction.
In the event that notice is provided to the Landlord, the Tenant shall pay in full all rent to the end of the Thirty Six (36) month
of the lease.

 

		D.	Rules
                                            and Regulations

 

		(1)	The
                                            Tenants operation will not affect air quality. The Tenant at their cost to provide a purification
                                            system/purification if required.

 

		(2)	Disposal
                                            of hazardous material/soil to be disposed of at a legal disposal applied for and maintained.

 

		(3)	Over
                                            taxing of current well to adversely affect other tenants Is not allowed.

 

		(4)	Removal
                                            of all contaminants from warehouse are at the tenants sole cost.

 

		(5)	All
                                            permits and licensing both municipal, provincial and federal shall be in place during the
                                            term of the Lease.

 

		15.	SOLE
                                            AGREEMENT

 

There
are no agreements, covenants, representations, warranties or conditions in any way relating to the subject matter of this agreement expressed
or implied, collateral or otherwise, except as expressly set forth herein.

 

    6

     

    

 

		16.	FINANCIAL
                                            INFORMATION

 

The
Tenant hereby authorize Colliers Macaulay Nicolls Inc. to obtain credit reports on the Tenant, and further to supply financial information
as required by the Landlord.

 

		17.	ENTIRE
                                            AGREEMENT

 

It
is understood and agreed between the parties hereto that there are no terms, conditions, covenants, or provisos relating to the subject
matter of this Offer to Lease or the agreement, which will subsist between the parties upon acceptance, except as expressly set forth
In this Offer to Lease.

 

This
Offer to Lease shall be governed by and construed in accordance with the Laws of the Province of British Columbia.

 

		18.	GST

 

Amounts
referred to in this Offer that are quoted without the Goods and Services Tax and such tax shall be in addition to such amounts.

 

		19.	TIME
                                            OF THE ESSENCE

 

Time
is of the essence of this agreement with respect to the covenants contained herein.

 

		20.	OFFER
                                            PROVISIONS

 

All
provisions of this Offer shall survive the completion of this transaction. Prior to the execution of the Lease, in the event of any conflict
between the terms of this Offer and the terms of the Lease, the terms of this Offer shall prevail. After execution of the Lease and commencement
of the Term, the terms of the Lease shall prevail.

 

This
Offer 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 Offer. The parties hereto agree that
signed copies of this Offer sent by facsimile or email shall be deemed to be originals.

 

		21.	DISCLOSURE

 

The
Landlord and the Tenant acknowledge having received, read, understood and signed the brochure published by British Colombia Reai Estate
Association entitled Working With a Realtor (Designated Agency) acknowledge and confirm as follows:

 

[Limited
Dual Agency]

 

    7

     

    

 

The
Landlord and the Tenant acknowledge and agree that:

 

		(a)	Colliers
                                            Macaulay Nicolls Inc. (the “Brokerage”) represented by Ty Whittaker (the “Designated
                                            Agent”) have disclosed that they are representing the Landlord and the Tenant in the
                                            transaction described in this Agreement;

 

		(b)	the
                                            Agent, in order to accommodate the transaction described in this Agreement, was and Is entitled
                                            to pass any relevant information it receives from either party or from any other source to
                                            either of the parties as the Designated Agent sees fit, without being in conflict of its
                                            duties to either party; and

 

		(c)	the
                                            Brokerage commission, shall be payable by the Landlord, and is to be deducted from the Rent
                                            Deposit, if any, when due, and the excess Rent Deposit remitted to the Landlord, or any balance
                                            due to the Brokerage, remitted by the Landlord.

 

		21.	ACCEPTANCE

 

This
Offer shall be irrevocable and open for acceptance until 5:00 pm on the 23rd day of February, 2017, after which time if not accepted
this Offer shall be null and void and any Deposit shall be returned to the Tenant in full. This Offer may be accepted by signing and
returning one duplicate copy or facsimile of this Offer.

 

DATED this 21st day of March , 2017.

 

	HOLLYWEED NORTH CANNABIS INC.

 TENANT	 
	 	 	 
	PER	/s/ Authorized Signatory	 
	 	(Authorized Signatory)	 

 

The Landlord hereby accepts the above Offer this 22nd day
of March, 2017.

 

	 	 	 
	ARK HOLDINGS, LTD. LANDLORD	 
	 	 	 
	Per:	/s/ Authorized Signatory	 
	 	(Authorized Signatory)	 

 

Attachments

 

	1.	Schedule
“A”: Working With a Realtor (Designated Agency)

 

    8

     

    

 

SCHEDULE
“A”

WORKING WITH A REALTOR

 

(Omitted)

 

 

 

 

9Exhibit
10.12

 

Execution
Copy

 

LINE
OF CREDIT AGREEMENT

 

by
and among

Origo BC Holdings Ltd. and

Its Participating Lenders

and

HollyWeed North Cannabis Inc.

and Subsidiaries

as Borrowers

As of November 5, 2020

 

 

 

 

 

 

 

 

 

 

    1

    

    

 

Execution
Copy

 

LINE
OF CREDIT AGREEMENT

 

THIS
LINE OF CREDIT AGREEMENT (“Agreement”) is made and entered into effective as of the 5th day of November 2020 (the
“Effective Date”) by and between ORIGO BC HOLDINGS LTD., a British Columbia corporation (“Origo”),
and its participating lenders (together with Origo, collectively, the “Line of Credit Lender”), and HOLLYWEED NORTH
CANNABIS INC., a corporation organized under the laws of British Columbia, Canada (“HollyWeed”) and the Subsidiaries
of HollyWeed who have executed this Agreement on the signature pages (the “Subsidiaries”).

 

RECITALS:

 

A. The
Borrower wishes to obtain from the Line of Credit Lender a line of credit facility in an aggregate principal amount of up to Six Million
Six Hundred and Seventy Five Thousand ($6,675,000)-Dollars for the purposes hereinafter described; and

 

B. Origo
shall be a Line of Credit Lender and shall act as representative for any other Line of Credit Lender sourced and introduced by Origo;
and

 

C. As
of the Effective Date, HollyWeed has issued to Origo or its designees, a five year warrant to purchase 70,311,755 Class B voting common
shares of HollyWeed representing 44% of the 89,487,688 outstanding common voting shares and stock options of HollyWeed as at the Effective
Date; and

 

D. In
full reliance on the representations made by the parties to this Agreement and the Line of Credit Documents (as defined in this Agreement),
the Line of Credit Lender is willing to extend such financing to the Borrower upon the terms, covenants and conditions contained in this
Agreement and in the Line of Credit Documents.

 

NOW,
THEREFORE, in consideration of the mutual promises, covenants and agreements contained in this Agreement, the Borrower and Line of Credit
Lender mutually agree as follows:

 

ARTICLE
I.

DEFINITIONS

 

Unless
the context clearly indicates otherwise, certain terms used in this Agreement shall have the meanings set forth below:

 

“Advance”
and “Advances” shall have the meanings set forth in Section 2.3 of this Agreement.

 

“Advance
Request” shall have the meaning set forth in Section 2.3(a) of this Agreement.

 

“Affiliate”
shall mean: (a) with respect to a limited liability company, (1) any officer or director thereof and any Person which is, directly or
indirectly, the beneficial owner of more than 10% of any class of shares or other equity security, or (2) any Person which, directly
or indirectly, controls or is controlled by or is under common control with such limited liability company; and (b) with respect to a
partnership, venture or limited liability company, any (1) general partner or member, (2) general partner of a general partner or member,
(3) partnership with a common general partner or member, or (4) co-venturer thereof, and if any general partner, member or co-venturer
is a limited liability company, any Person which is an Affiliate of such limited liability company. For purposes hereof, “controls”
(which includes the correlative meanings of “controlled by” and “under common control with”) means effective
power, directly or indirectly, to direct or cause the direction of the management and policies of such Person.

 

    2

    

    

 

“Applicable
Law” means: (a) any domestic or foreign statute, law (including common and civil law), treaty, code, ordinance, rule, regulation,
restriction of by-law (zoning or otherwise); (b) any judgment, order, writ, injunction, decision, ruling, decree or award; (c) any regulatory
policy, practice, request, guideline or directive; or (d) any franchise, licence, qualification, authorization, consent, exemption, waiver,
right, permit or other approval of any Governmental Authority, binding on or affecting the Person referred to in the context in which
the term is used or binding on or affecting the property of that Person, in each case whether or not having the force of law.

 

“Applicable
Securities Laws” means, with respect to any Person, any and all applicable securities laws of the United States and the province
of British Columbia and the respective rules and regulations under such laws together with applicable published instruments, notices
and orders of the British Columbia Securities Commission, and the applicable rules and policies of each Approved Securities Market.

 

“Approved
Securities Market” shall mean any one or more of the New York Stock Exchange, NYSE: American Exchange, NASDAQ Stock Market
(including the Nasdaq Capital Market), the Toronto Stock Exchange, TSX Venture Exchange, Canadian Securities Exchange or the OTCQX platform
of the OTC Markets.

 

“Bankruptcy
Code” shall mean the Bankruptcy and Insolvency Act (Canada) in as amended, modified, succeeded or replaced from time
to time.

 

“Borrower”
shall mean the individual and collective reference to (a) HollyWeed, (b) each Subsidiary of HollyWeed who has executed this Agreement
on the signature page(s) hereof, and (c) each direct and indirect Subsidiary of HollyWeed that may hereafter be acquired or formed by
such Borrower who agrees with the Line of Credit Lender and the other Borrowers to be bound by this Agreement on such terms and the Line
of Credit Lender may require, or any successor-in-interest to such Person.

 

“Business”
means the business currently conducted by HollyWeed and the other Borrowers, including, without limitation (a) the production, extraction,
manufacturing and sale of large scale psychedelic antidepressant drugs, including synthetic and scalable pharmaceutical-grade psilocybin,
mescaline and DMT, and (b) the ownership and operation of cannabis production facilities and retail dispensaries in the United States
and Canada.

 

“Business
Day” shall mean any day of the week other than Saturday, Sunday or other day that is recognized as a holiday in the British
Columbia, Canada.

 

    3

    

    

 

“Calendar
Quarter” means each consecutive three (3) Month period prior to the Maturity Date, commencing January 1, 2021.

 

“Change
of Control” shall mean the sale or transfer, in any one or more transactions, of a majority of the Share Capital of HollyWeed
or any Subsidiary, or the sale of all or substantially all of the assets and properties of HollyWeed or any Subsidiary, whether through
sale of assets, equity, merger, consolidation or like combination, to any Person or Persons, other than to the existing HollyWeed Shareholders,
or members of their immediate families, or other than as contemplated under this Agreement.

 

“Closing
Date” shall mean the Effective Date of execution and delivery of this Agreement and the other Line of Credit Documents by the
Line of Credit Lender and the Borrower.

 

“Collateral”
shall mean all of the Borrowers’ present and after acquired personal property, including any property defined as “Collateral”
in the Security Agreement.

 

“Commitment
Period” shall mean the period that shall commence on the Closing Date and which shall expire and terminate on the Maturity
Date.

 

“Default”
shall mean the occurrence of any event which, with the passage of time or the giving of notice, or both, or any other condition, would
constitute an Event of Default.

 

“Default
Interest” shall have the meaning set forth in Section 2.2.

 

“Disclosure
Schedule” shall mean Schedule 1 attached hereto.

 

“Dollars”
or “$” shall mean, unless the context clearly means otherwise, Canadian dollars.

 

“Event
of Default” shall mean any of the events specified in Section 6.1 of this Agreement; provided, however,
that any requirement for the giving of notice or the lapse of time, or both, or any other condition, has been satisfied.

 

“Fiscal
Year” shall mean the twelve months ending June 30.

 

“GAAP”
shall mean generally accepted accounting principles which are in effect from time to time in Canada, applied in a consistent manner from
period to period, including the accounting recommendations published in the CPA Canada Handbook.

 

“Governmental
Authority” shall mean the government of Canada or of any other nation, or of any political subdivision thereof, whether state,
provincial, territorial or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government, including
any supra-national bodies such as the European Union or the European Central Bank and including a Minister of the Crown, Superintendent
of Financial Institutions or other comparable authority or agency.

 

“HollyWeed
Common Shares” shall mean the Class B voting common shares of HollyWeed without par value.

 

    4

    

    

 

“HollyWeed
IPO” shall mean an initial public offering of HollyWeed Common Shares pursuant to a Form F-1 registration statement with the
SEC, and the listing of such shares on an Approved Securities Market; it being the intent of HollyWeed and Origo that the market capitalization
of HollyWeed shall be not less than Fifty Million U.S. Dollars (US$50,000,000) or such other valuation as HollyWeed may agree upon.

 

“HollyWeed
Shareholders” shall mean the record and beneficial owners of 100% of the HollyWeed Common Shares.

 

“Indebtedness”
shall mean, with respect to any Person, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations
of such Person evidenced by bonds, debentures, Line of Credit Note or similar instruments, or upon which interest payments are customarily
made, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property purchased by
such Person (other than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course
of business), (d) all obligations (including, without limitation, earn-out obligations) of such Person incurred, issued or assumed as
the deferred purchase price of property or services purchased by such Person (other than trade debt and accrued expenses incurred in
the ordinary course of business and due within one year of the incurrence thereof) which would appear as liabilities on a balance sheet
of such Person, (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent
or otherwise, to be secured by) any Lien on, or payable out of the proceeds of production from, property owned or acquired by such Person,
whether or not the obligations secured thereby have been assumed, (f) maximum amount of all letters of credit issued or bankers’
acceptances facilities created for the account of such Person and, without duplication, all drafts drawn thereunder (to the extent unreimbursed),
(g) all preferred Share Capital issued by such Person and which by the terms thereof are (at the request of the holders thereof or otherwise)
subject to mandatory sinking fund payments, redemption or other acceleration at any time prior to the date which is six months after
the Maturity Date, (h) the principal balance outstanding under any synthetic lease, tax retention operating lease, off-balance sheet
loan or similar off-balance sheet financing product plus any accrued interest thereon, (i) all obligations of any partnership
or unincorporated joint venture in which such Person is a general partner or a joint venturer and (j) obligations of such Person under
non-compete agreements to the extent such obligations are quantifiable contingent obligations of such Person under GAAP principles.

 

“Intellectual
Property” shall mean with respect to the Business (a) all inventions (whether patentable or unpatentable and whether or not
reduced to practice), all improvements thereto, and all patents, patent applications, and patent disclosures, together with all reissuances,
continuations, continuations-in-part, revisions, extensions, and re-examinations thereof, (b) all trademarks, service marks, trade dress,
logos, trade names, and corporate names, together with all translations, adaptations, derivations, and combinations thereof and including
all goodwill associated therewith, and all applications, registrations, and renewals in connection therewith, (c) all copyrightable works,
all copyrights, and all applications, registrations, and renewals in connection therewith, (d) all mask works and all applications, registrations,
and renewals in connection therewith, (e) all trade secrets and confidential business information (including ideas, research and development,
know-how, formulas, compositions, manufacturing and production processes and techniques, technical data, designs, drawings, specifications,
customer and supplier lists, pricing and cost information, and business and marketing plans and proposals), (f) all computer software
(including data and related documentation), (g) all other proprietary rights, and (h) all copies and tangible embodiments thereof (in
whatever form or medium).

 

    5

    

    

 

“Interest”
shall have the meaning set forth in Section 2.2 of this Agreement.

 

“Interest
Commencement Date” shall have the meaning set forth in Section 2.2 of this Agreement.

 

“Lien”
shall mean any lien, mortgage, security interest, collateral assignment, pledge, assignment, charge, title retention agreement, or encumbrance
of any kind, and any other right of or arrangement with any creditor (whether based on common law, constitutional provision, statute
or contract) to have its claim satisfied out of any property or assets, or their proceeds, before the claims of general creditors of
the owner of the property or assets.

 

“Line
of Credit” shall mean the financing provided by Line of Credit Lender under the terms of this Agreement in the maximum aggregate
amount not to exceed Six Million Six Hundred and Seventy Five Thousand ($6,675,000) Dollars.

 

“Line
of Credit Documents” shall mean this Agreement, the Line of Credit Note and the Security Agreement.

 

“Line
of Credit Lender Representative” shall mean Israel Maxx Abramowitz, in his capacity as the member of Origo.

 

“Line
of Credit Note” shall mean a senior secured convertible promissory note to be entered into by the Borrower, with the Line of
Credit Lender, all in the form of Exhibit 1 annexed hereto and made a part hereof.

 

“Material
Adverse Effect” shall mean a material adverse effect on (a) the business, operations, property, assets, financial condition
or prospects of the Borrower, (b) the ability of the Borrower to perform its Obligations, when such Obligations are required to be performed,
under this Agreement, any of the Line of Credit Note or any other Line of Credit Document or (c) the validity or enforceability of this
Agreement, any of the Line of Credit Note or any of the other Line of Credit Documents.

 

“Maturity
Date” shall mean the last Business Day of the thirty sixth (36th) Month following the Closing Date;

 

“Month”
shall mean a calendar month.

 

“Obligations”
shall mean, collectively, all of the obligations, Indebtedness and liabilities, whenever arising, including principal, interest, fees,
costs, charges, expenses, professional fees, reimbursements, all sums chargeable to each one or more Borrower or for which any Borrower
is liable as an indemnitor and whether or not evidenced by a note or other instrument and indemnification obligations and other amounts
(including, but not limited to, any interest accruing after the occurrence of a filing of a petition of bankruptcy under the Bankruptcy
Code) under the Line of Credit Documents.

 

    6

    

    

 

“Optional
Prepayment” shall have the meaning set forth in Section 2.6(a).

 

“Party”
shall mean either of the Borrower and the Line of Credit Lender and “Parties” shall refer to all of them.

 

“Permitted
Lien” shall have the meaning set forth in Schedule 2 of this Agreement.

 

“Person”
shall mean and includes an individual, a partnership, a limited liability company, a limited liability company, a trust, an unincorporated
association, a joint venture or any other entity or a government or any agency or political subdivision thereof.

 

“Prepayment”
shall mean any payments made by Borrower on the Line of Credit in advance of the Maturity Date.

 

“Prepayment
Date” shall have the meaning set forth in Section 2.6(a).

 

“Prepayment
Notice” shall have the meaning set forth in Section 2.6(a).

 

“Proceedings”
shall have the meaning set forth in Section 4.4.

 

“Purchase
Money Indebtedness” shall mean Indebtedness incurred by the Borrower to purchase or lease equipment for the Business and secured
only by Liens on the specific item of equipment purchased or leased.

 

“SEC”
shall mean United States Securities and Exchange Commission.

 

“Security
Agreement” shall mean the security agreement annexed hereto as Exhibit 2 pursuant to which the Borrower shall
grant to the Line of Credit Lender a first priority lien and security interest in all its present and after acquired personal property,
including without limitation all Intellectual Property.

 

“Share
Capital” shall mean collectively, (a) the Class A common voting shares, the Class B common voting shares of HollyWeed and (b)
the common voting and non-voting shares of any other Borrower.

 

“Subsidiary”
shall mean, as to any Person, a limited liability company, partnership, limited partnership, limited liability company or other entity
of which shares, membership interests or other ownership interests having ordinary voting power (other than stock or such other ownership
interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors of a corporation
or the managers of a limited liability company, partnership, limited partnership or other entity are at the time owned, or the management
of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise
qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to any new Subsidiary
or Subsidiaries of a Borrower. Each Borrower, other than HollyWeed, who has executed this Agreement is a direct or indirect Subsidiary
of HollyWeed.

 

“Tax”
shall mean all present and future taxes, levies, imposts, withholdings, duties, charges or fees of any nature whatsoever including without
limitation any customs, franchise, transfer, sales, use, business, occupation, excise, personal property, real property, stamp, gross
income, fuel, leasing, occupational, value added, turnover, excess profits, excise, gross receipts, gross profits, registration, license,
limited liability company, capital gains, export, custom, import, net income, taxes (or any other amount corresponding to any of the
foregoing) now or hereafter imposed, levied, collected, withheld or assessed by any national, foreign, regional or local taxing or fiscal
authority or agency, together with any penalties, additions to tax, fines or interest thereon, and any assessments in respect of any
of the foregoing, and “Tax” and “Taxation” shall be construed accordingly.

 

    7

    

    

 

“Termination
Date” shall mean the earliest date upon which a Termination Event shall occur.

 

“Termination
Event” shall mean the first to occur of (a) the Maturity Date or (b) the date on which any Default shall occur, unless such
Default shall be timely cured to the satisfaction of the Line of Credit Lender Representative in the exercise of his sole discretion.

 

“Transaction
Documents” shall mean (i) the Line of Credit Documents, and (ii) the Warrant.

 

“Warrant”
shall mean the five year warrant and in the form of Exhibit 3 annexed hereto entitling Origo or its Affiliates to purchase
70,311,755 Class B Common Shares of HollyWeed representing 44% of the 89,487,688 outstanding Common Shares and stock options of HollyWeed
as at the Closing Date (the “Warrant Shares”), at a price of CDN$0.12 per Warrant Share (the “Exercise Price”);

 

1.1 Other
Definitional Provisions.

 

The
definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require,
any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes”
and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will”
shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise (a) any
definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument
or other document as from time to time amended, restated, supplemented, amended and restated or otherwise modified (subject to any restrictions
on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include
such Person’s successors and assigns, (c) the words “herein,” “hereof” and “hereunder,” and
words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d)
all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits
and Schedules to, this Agreement, (e) any reference to any law or regulation herein shall, unless otherwise specified, refer to such
law or regulation as amended, modified or supplemented from time to time, (f) the words “asset” and “property”
shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including
cash, securities, accounts and contract rights, (g) all terms defined in this Agreement shall have the defined meanings when used in
any other Line of Credit Document or any certificate or other document made or delivered pursuant hereto, and (h) the article and section
headings contained in this Agreement are for purposes of reference only and shall not limit, expand or otherwise affect the construction
of any provisions hereof.

 

    8

    

    

 

ARTICLE
II.

AMOUNT AND TERMS OF LINE OF CREDIT

 

2.1 Line
of Credit. On the Closing Date and until the Termination Date, the Line of Credit Lender shall provide the Borrower with a Line of
Credit in such amount that shall represent up to (a) the aggregate principal amount of all of the Advances that may be outstanding at
any time, plus (b) all Interest accrued on such outstanding principal amount of Advances, as shall not exceed the maximum aggregate amount
to Six Million Six Hundred and Seventy Five Thousand ($6,675,000) Dollars. All Obligations then outstanding under this Agreement shall
be immediately due and payable on the Termination Date.

 

2.2 Interest.
All Advances made under this Agreement shall bear interest at the rate of eight percent (8%) per annum (the “Interest”).
Such Interest shall be: (i) calculated on the aggregate outstanding principal amount of the Advances commencing upon the Closing
Date (“Interest Commencement Date”) and accruing daily at the Interest rate (as set forth in the Line of Credit Note)
on the aggregate outstanding principal amount of Advances from time to time, computed on the basis of a 360-day year comprised of twelve
(12) thirty (30) day Months; and (ii) shall accrue and be payable, together with all outstanding Advances, on the Maturity Date. From
and after the occurrence of an Event of Default, all amounts Obligations shall bear interest at a rate of fifteen (15%) per annum (“Default
Interest”) as set forth in the Line of Credit Note. For the purposes of the Interest Act (Canada) and disclosure under
such Act, wherever any interest to be paid under this Agreement is to be calculated on the basis of any period of time that is less than
a calendar year (a “deemed year”), such rate of interest shall be expressed as a yearly rate by multiplying such rate of
interest for the deemed year by the actual number of days in the calendar year in which the rate is to be ascertained and dividing it
by the number of days in the deemed year.

 

2.3 Advances;
Use of Proceeds. All funds to be advanced by the Line of Credit Lender to the Borrower under this Agreement (each an “Advance”
and collectively, the “Advances”) shall be made by Line of Credit Lender to the Borrower under the following conditions:

 

(a) Advance
Requests. Any Advances under this Agreement shall be made by the Line of Credit Lender following receipt of a written request for
an Advance provided to the Line of Credit Lender by HollyWeed and which shall set forth the purpose or use of proceeds of such Advance
by the applicable Borrower (the “Advance Request”); provided, however, that, unless otherwise agreed by the
Line of Credit Lender in the exercise of its sole discretion (i) the minimum amount of Advances set forth in any one Advance Request
shall be not less than $100,000, (ii) not more than $500,000 of Advances shall be required to be made by the Line of Credit Lenders in
any one Calendar Quarter, (iii) no Advances, shall be made prior to January 15, 2021, and (iv) the Line of Credit Lender shall be satisfied,
in its sole discretion, with such due diligence information that it may request of the Borrower from time to time.

 

    9

    

    

 

(b) Use
of Proceeds. The Advances under this Agreement shall be for working capital and such other purposes as are set forth in the Advance
Request, or as otherwise mutually agreed upon by the Line of Credit Lender.

 

(c) No
Defaults. Unless otherwise agreed by Line of Credit Lender, no Advance shall be made at any time that a Default or Event of Default
under this Agreement shall have occurred and is continuing.

 

(d) Line
of Credit Note. Prior to each Advance, the Borrower shall execute and deliver to the Lender a Line of Credit Note in the principal
amount of such Advance.

 

2.4 Documents.
On the Closing Date:

 

(a) the
Borrower shall execute and deliver to the Line of Credit Lender this Agreement and Security Agreement;

 

(b) HollyWeed
shall execute and deliver to Origo the Warrant;

 

(c) the
Borrower shall execute and deliver to the Line of Credit Lender a certificate that, as at the date of this Agreement, there shall be
no Indebtedness of Borrower and no Liens on any of the assets, securities or properties of any Borrower, other than Permitted Liens.

 

2.5 Repayment.
Subject to the provisions of Section 2.6 below, Advances may be borrowed, repaid and re-borrowed during the Commitment Period.
The principal amount of all Advances, together with all accrued and unpaid interest and all other amounts owing hereunder and under the
Line of Credit Note, shall be due and payable in full on the Maturity Date or earlier Termination Date. The Borrower covenants and agrees
to pay all Advances in accordance with the terms of this Agreement.

 

2.6 Prepayment.

 

(a) Optional
Prepayment. The Borrower may not prepay the Line of Credit Note until March 31, 2021. Thereafter, the Borrower may prepay all or
any portion of the Line of Credit Note upon giving not less than sixty (60) days prior written notice to the Line of Credit Lender (a
“Prepayment Notice”); provided, that the holder of the Line of Credit Note shall have the right at any
time on or prior to the date of prepayment set forth in the Prepayment Notice (the “Prepayment Date”) to convert all
or any portion of the Line of Credit Note into HollyWeed Common Shares pursuant to the terms set out in the Line of Credit Note. Any
such prepayment (an “Optional Prepayment”) shall be without payment of any premium or penalty. Any permitted Optional Prepayment
shall be applied first to accrued and unpaid interest and then to the principal amount of outstanding Advances under this Agreement and
the Line of Credit Note.

 

    10

    

    

 

(b) Mandatory
Conversion. Unless otherwise converted into HollyWeed Common Shares, the entire Principal Amount of the Line of Credit Note and all
accrued Interest thereon (including any Default Interest) shall be subject to mandatory conversion as set out in the Line of Credit Note.
Subject to Applicable Law, each certificate, instrument, or book entry representing (i) the HollyWeed Common Shares or (ii) any other
securities issued in lieu of the HollyWeed Common Shares, issued upon conversion as provided in the Line of Credit Note, may be notated
with a legend, which shall be the only legend, if any, substantially in the following forms:

 

THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“U.S. Securities Act”) OR ANY APPLICABLE STATE SECURITIES LAWS. THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES
FOR THE BENEFIT OF THE CORPORATION THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY,
ONLY (A) TO THE CORPORATION, (B) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE U.S. Securities Act
AND IN COMPLIANCE WITH LOCAL LAWS AND REGULATIONS, (C) IN COMPLIANCE WITH THE EXEMPTION FROM REGISTRATION UNDER THE U.S. Securities Act
PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES OR “BLUE SKY” LAWS,
OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAWS, AND,
IN THE CASE OF SUBPARAGRAPH (C) OR (D), THE SELLER FURNISHES TO THE CORPORATION AN OPINION OF COUNSEL OF RECOGNIZED STANDING OR SUCH
OTHER EVIDENCE AS THE CORPORATION MAY REQUIRE IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE CORPORATION TO SUCH EFFECT. DELIVERY
OF THIS CERTIFICATE MAY NOT CONSTITUTE “GOOD DELIVERY” IN SETTLEMENT OF TRANSACTIONS ON STOCK EXCHANGES IN CANADA.

 

2.7 Termination
of Agreement. Upon the occurrence of any one or more Termination Events, any obligations of the Line of Credit Lender hereunder shall
immediately terminate.

 

2.8 Judgment
Currency.

 

(a) If,
for the purpose of obtaining a judgment in any court, it is necessary to convert a sum due to the Line of Credit Lender in any currency
(the “Original Currency”) into another currency (the “Other Currency”), the Parties agree, to the
fullest extent that they may effectively do so, that the rate of exchange used shall be that at which, in accordance with normal banking
procedures, the Line of Credit Lender may purchase the Original Currency with the Other Currency on the Business Day preceding the day
on which the final judgment is given or, if permitted by Applicable Law, on the day on which the judgment is paid or satisfied.

 

(b) The
obligations of the Borrower in respect of any sum due in the Original Currency from it to the Line of Credit Lender under any of the
Line of Credit Documents shall, notwithstanding any judgment in any Other Currency, be discharged only to the extent that on the Business
Day following receipt by the Line of Credit Lender of any sum adjudged to be so due in the Other Currency, the Line of Credit Lender
may, in accordance with normal banking procedures, purchase the Original Currency with the Other Currency. If the amount of the Original
Currency so purchased is less than the sum originally due to the Line of Credit Lender in the Original Currency, the Borrower agrees,
as a separate obligation and notwithstanding the judgment, to indemnify the Line of Credit Lender against any loss and, if the amount
of the Original Currency so purchased exceeds the sum originally due to the Line of Credit Lender in the Original Currency, the Line
of Credit Lender shall remit such excess to the Borrower.

 

    11

    

    

 

ARTICLE
III.

ADDITIONAL AGREEMENTS OF THE PARTIES.

 

3.1 Conditions
Precedent to Disbursement at Closing. Prior to the disbursement of any Advances under the Line of Credit to or for the account of
the Borrower on the Closing Date of the Line of Credit, and as a condition precedent to such disbursement, all of the conditions set
forth below in this Section 3.1 must be satisfied.

 

(a) Authority.
On the Closing Date, the Borrower shall deliver to Line of Credit Lender an officer’s certificate, in form and substance satisfactory
to Line of Credit Lender, attaching: (1) a copy of its organizational documents, together with any and all amendments thereto, (2) a
current shareholder’s register, (3) a certified resolution authorizing it to enter into the Transaction Documents and the transactions
contemplated thereby, and (4) such other documents as Line of Credit Lender may reasonably request. The resolutions referred to above
shall designate and authorize the individual or individuals executing the Line of Credit Documents on behalf of the Borrower to execute
and deliver the same.

 

(b) Line
of Credit Documents. On the Closing Date, the Borrower and shall execute and deliver to the Line of Credit Lender, a counterpart
of all Transaction Documents in favor of the Line of Credit Lender.

 

(c) Opinion
of Counsel. The Borrower shall deliver to the Line of Credit Lender an opinion of the Borrowers’ counsel in form and substance
satisfactory to the Line of Credit Lender.

 

(d) Miscellaneous
Items. The Borrower shall deliver to Line of Credit Lender such other items, documents and evidences pertaining to the Line of Credit
Documents as may reasonably be requested by Line of Credit Lender.

 

ARTICLE
IV.

REPRESENTATIONS AND WARRANTIES

 

Except
as set forth on the Disclosure Schedule to the Transaction Documents, each Borrower hereby represents and warrants to the Line of Credit
Lender as follows:

 

4.1 Organization
and Qualification. Each Borrower is a corporation duly organized and validly existing in good standing under the laws of its jurisdiction
of formation and has the requisite corporate power and authority to own its properties and to carry on its business as now being conducted.
Each Borrower is duly qualified to do business and is in good standing in every jurisdiction in which the ownership of its property or
the nature of the business conducted by it makes such qualification necessary, except to the extent that the failure to be so qualified
or be in good standing would not have a Material Adverse Effect. The Subsidiaries of HollyWeed are set forth on Schedule 4.1 to the Disclosure
Schedule. No Borrower has any Subsidiaries as at the Closing Date other than those party to this Agreement on the Closing Date.

 

    12

    

    

 

4.2 Authorization;
Enforcement; Compliance with Other Instruments. Each Borrower has the requisite power and authority to execute the Transaction Documents,
to issue the Line of Credit Note pursuant hereto, and to perform its obligations under the Transaction Documents, including HollyWeed
issuing the Warrant Shares under the Warrant. The execution and delivery of the Transaction Documents by the Borrower and the issuance
of the Line of Credit Note and the reservation of the Warrant Shares for future insurance under the Warrant, have been duly and validly
authorized by the Borrower and no further consent or authorization is required by the Borrower, or any other Person in connection therewith.
The Transaction Documents have been duly and validly executed and delivered by the Borrower and constitute valid and binding obligations
of the Borrower, enforceable against the Borrower in accordance with their respective terms, except as such enforceability may be limited
by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar Applicable Laws
relating to, or affecting generally, the enforcement of creditors’ rights and remedies.

 

4.3 No
Conflicts. The execution, delivery and performance of the Transaction Documents by the Borrower and the issuance and sale of the
Line of Credit Note and the issuance of the Warrant Shares will not (a) conflict with or result in a violation of the Borrower’s
Notice of Articles, Articles or other constating documents, or (b) conflict with, or constitute a material default (or an event which,
with notice or lapse of time or both, would become a material default) under, or give to others any right of termination, amendment,
acceleration or cancellation of, any material agreement to which the Borrower is a party. No approval or authorization will be required
from any Governmental Authority or agency, regulatory or self-regulatory agency or other third party in connection with this Agreement,
the issuance of the Line of Credit Note and Warrant Shares and the other transactions contemplated by this Agreement.

 

4.4 Litigation
and Regulatory Proceedings. There are no material actions, causes of action, suits, claims, proceedings, inquiries or investigations
(collectively, “Proceedings”) before or by any court, public board, government agency, self-regulatory organization
or body pending or, to the knowledge of the executive officers of Borrower, threatened against or affecting the Borrower, the issued
and outstanding Share Capital or any Borrower or any Borrower’s officers in their capacities as such and, to the knowledge of the
Borrower there is no reason to believe that there is any basis for any such Proceeding.

 

4.5 Compliance
with Law; Licenses and Permits. Each Borrower has conducted and is conducting the Business in compliance in all material respects
with all Applicable Laws. The applicable Borrower holds all licenses or permits from any Governmental Authority or other Person as licensee
or permit holder as are required to operate the Business as presently conducted by such Borrower. All such licenses and permits are in
full force and effect and no Borrower has committed any violation or default thereunder. No Borrower has received any oral or written
notice from any Governmental Authority that would lead such Borrower to believe that any such license or permit will not be renewed.

 

    13

    

    

 

4.6 Intellectual
Property Rights. On the Closing Date, the Borrower owns or possesses all of the Intellectual Property necessary to conduct the Business
as now conducted. None of the Intellectual Property of the Borrower are expected to expire or terminate within five (5) years from the
date of this Agreement. The Borrower is not infringing, misappropriating or otherwise violating any Intellectual Property of any other
Person. No claim has been asserted, and no Proceeding is pending, against the Borrower alleging that the Borrower is infringing, misappropriating
or otherwise violating the Intellectual Property of any other Person, and, to the Borrower’s knowledge, no such claim or Proceeding
is threatened, and the Borrower is not aware of any facts or circumstances which might give rise to any such claim or Proceeding. The
Borrower has taken commercially reasonable security measures to protect the secrecy, confidentiality and value of all of its Intellectual
Property.

 

4.7 Title
to Assets. Each Borrower has good and marketable title to all personal property owned by them which is material to the Business,
in each case free and clear of all Liens. Any real property and facilities held under lease by the Borrower is held under valid, subsisting
and enforceable leases with such exceptions as are not material and do not interfere with the use made and proposed to be made of such
property and buildings by the Borrower.

 

4.8 No
Materially Adverse Contracts, Etc. No Borrower is (a) subject to any charter, corporate or other legal restriction, or any judgment,
decree or order which in the judgment of the Borrower has or is expected in the future to have a Material Adverse Effect or (b) a party
to any contract or agreement which in the judgment of the Borrower’s management has or would reasonably be anticipated to have
a Material Adverse Effect.

 

4.9 Financial
Statements. The draft consolidated financial statements of HollyWeed for the two Fiscal Years ended June 30, 2018 and June 30, 2019
furnished to Origo in the data room set up by HollyWeed are capable of being audited by an independent Chartered Professional Accountant
in accordance with GAAP or International Financial Reporting Standards (“IFRS”). Prior to the consummation of the
HollyWeed IPO, HollyWeed shall furnish to Origo and the Line of Credit Lender Representatives the audited consolidated financial statements
of HollyWeed and each other Borrower, as required under Applicable Securities Laws, including, as applicable, statements of operations,
balance sheet, statement of cash flows and appropriate footnotes, as at June 30, 2018, June 30, 2019 and June 30, 2020, and for the three
Fiscal Years then ended.

 

4.10 Certain
Transactions. There are no contracts, transactions, arrangements or understandings between the Borrower, on the one hand, and any
HollyWeed Shareholder or any officer or employee of Borrower, on the other hand.

 

4.11 No
Brokers’, Finders’ or Other Advisory Fees or Commissions. No brokers, finders or other similar advisory fees or commissions
will be payable by the Borrower or by any of their respective agents with respect to the issuance of the Line of Credit Note or any of
the other transactions contemplated by this Agreement.

 

    14

    

    

 

4.12
Disclosure. Each Borrower understands and confirms that the Line of Credit Lender will rely on the foregoing representations and
covenants in effecting transactions in securities of the Borrower. All disclosure provided to the Line of Credit Lender regarding the
Borrower, its business and the transactions contemplated hereby, furnished by or on behalf of the Borrower (including the Borrower’s
representations and warranties set forth in this Agreement) are true and correct in all material respects and do not contain any untrue
statement of a material fact or omit to state any material fact necessary in order to make the statements made therein, in light of the
circumstances under which they were made, not misleading.

 

ARTICLE
V.

COVENANTS

 

For
so long as any principal amount and accrued Interest in respect of the Advances under this Agreement remains outstanding, the Borrower
covenants and agrees with the Line of Credit Lender as follows:

 

5.1 HollyWeed
IPO. HollyWeed hereby covenants and agrees that it shall use commercially reasonable efforts to (a) by not later than January 31,
2021, direct the auditors approved by Origo to complete an audit of the consolidated financial statements of HollyWeed (inclusive of
each Borrower) for the two Fiscal Years ended June 30, 2020, or as required in Section 4.9 above, (b) by not later than January
31, 2021, HollyWeed shall prepare and file with the SEC a Form F-1 registration statement with respect to the HollyWeed IPO, (c) HollyWeed
shall promptly respond to all comments received from the SEC, (d) HollyWeed shall seek to have the SEC declare such registration statement
effective as soon as practicable thereafter, and (e) HollyWeed shall seek to have the HollyWeed Common Shares to be quoted or listed
on an Approved Securities Market. Origo shall use commercially reasonable efforts assist HollyWeed in connection with the HollyWeed IPO,
but shall not be deemed to be an underwriter or placement agent or otherwise be held responsible in the event that such HollyWeed IPO
is not successfully completed. Upon completion of the HollyWeed IPO, the Obligations shall automatically be convertible into HollyWeed
Common Shares as set out in the Line of Credit Note.

 

5.2 Use
of Proceeds. The Borrower shall use the proceeds of the Line of Credit only in a manner approved herein.

 

5.3 Insurance.
The Borrower shall provide and maintain, at all times, insurance coverage of the types and amounts as in effect on the date of this Agreement,
unless otherwise approved by the Line of Credit Lender.

 

5.4 Information.
The Borrower shall furnish to Line of Credit Lender with reasonable promptness such data and information, financial and otherwise, concerning
the Borrower as from time to time may reasonably be requested by Line of Credit Lender for purposes of administering compliance with
the Line of Credit Documents.

 

5.5 Notice.
The Borrower shall promptly notify Line of Credit Lender in writing of any of the following:

 

(a) The
existence or occurrence of any event, which with the passage of time, the giving of notice, or both, would constitute an Event of Default
under this Agreement or a default under any of the Line of Credit Documents;

 

    15

    

    

 

(b) Any
events or changes in the financial condition of the Borrower occurring since the date of the last financial statement of Borrower delivered
to Line of Credit Lender, which individually or cumulatively when viewed in light of prior financial statements, may result in a Material
Adverse Effect on the financial condition of the Borrower; and

 

(c) Any
claim, action or proceeding materially affecting title to the Collateral given by the Borrower to Line of Credit Lender under any of
the Line of Credit Documents.

 

5.6 Financial
Information. The Borrower shall furnish to the Line of Credit Lender:

 

(a) Annual
Financial Statements. As soon as available and in any event no later than ninety (90) days after the end of each Fiscal Year of Borrower,
or such longer period as required under Applicable Securities Laws (starting with the Fiscal Year ended June 30, 2021), a copy of the
balance sheet of Borrower as of the end of such Fiscal Year and the related consolidated statements of income and retained earnings and
of cash flows of the Borrower for such year, which shall be reviewed by a firm of independent certified public or chartered accountants
reasonably acceptable to the Line of Credit Lender, setting forth in each case in comparative form the figures for the previous year,
reported on without qualification indicating that the scope of the audit was inadequate to permit such independent certified public or
chartered accountants to certify such financial statements without such qualification; and

 

(b) Quarterly
Financial Statements. As soon as available and in any event no later than forty-five (45) days after the end of each of the first
three (3) fiscal quarters of the Borrower or such longer period as required under Applicable Securities Laws, a copy of the unaudited
consolidated balance sheet of the Borrower as of the end of such period and related unaudited consolidated statements of income and retained
earnings and of cash flows for the Borrower for such quarterly period and for the portion of the Fiscal Year ending with such period,
in each case setting forth in comparative form consolidated figures for the corresponding period or periods of the preceding Fiscal Year;
all of which unaudited quarterly financial statements shall (i) be prepared in accordance with the Borrower’s past practices and
shall be subject to the absence of footnotes required by GAAP and normal recurring year end audit adjustments, and (ii) include management
discussion and analysis of operating results inclusive of operating metrics in comparative form.

 

All
such financial statements shall be complete and correct in all material respects (subject, in the case of interim unaudited statements,
to the absence of footnotes required under GAAP or IFRS, as applicable, and normal recurring year end audit adjustments) and to be prepared
in reasonable detail and, in the case of the annual, quarterly and monthly financial statements provided in accordance with subsections
(a), (b) and (c) above, (other than with respect to the interim unaudited financial statements) in accordance with GAAP or IFRS, as applicable,
applied consistently throughout the periods reflected therein and further accompanied by a description of, and an estimation of the effect
on the financial statements on account of, a change, if any, in GAAP or IFRS, as applicable.

 

    16

    

    

 

Notwithstanding
the foregoing, financial statements and reports required to be delivered pursuant to the foregoing provisions of this Section may be
delivered electronically and if so, shall be deemed to have been delivered on the date on which the Line of Credit Lender receives such
reports from the Borrower through electronic mail; provided that, upon the Line of Credit Lender’s request, the Borrower
shall provide paper copies of any documents required hereby to the Line of Credit Lender.

 

5.7 Compliance
with Laws. The Borrower shall comply with Applicable Laws, except where non-compliance could not reasonably be expected to constitute
a Material Adverse Effect.

 

5.8 Acquisitions.
Without the prior written approval of the Line of Credit Lender Representative, Borrower shall not acquire or invest in any securities
issued by any Person or participate in any acquisition of any material set of business assets or unincorporated business operations.

 

5.9 Indebtedness.
The Borrower shall not incur any Indebtedness in excess of $50,000, individually or in the aggregate, without the prior written consent
of Line of Credit Lender Representative.

 

5.10 Additional
Negative Covenants. Except as provided in the Transaction Documents, the Borrower shall not, without the prior written consent of
Line of Credit Lender Representative, do any of the following:

 

(a) (i)
liquidate, dissolve or wind-up the Business and affairs of the Borrower; (ii) effect any merger or consolidation transaction; (iii) sell,
lease, transfer, license or otherwise dispose, in a single transaction or series of related transactions by the Borrower, a Change of
Control; or (iv) consent to any of the foregoing;

 

(b) Purchase
or redeem or pay or declare any dividend or make any distribution on, any Share Capital or other equity interests, except that the Borrower
may declare and make dividend payments or other distributions payable solely to Origo in the in the form of additional HollyWeed Common
Shares pursuant to the Warrant;

 

(c) Enter
into any agreement with respect to a Change of Control;

 

(d) Enter
into any agreement to guaranty any loan or line or credit, except as provided for in the Line of Credit Documents; or

 

(e) Change
the nature of the Business of the Borrower.

 

5.11 Payment
of Taxes and Other Obligations. The Borrower shall pay, discharge or otherwise satisfy at or before maturity or before they become
delinquent, as the case may be, subject, where applicable, to specified grace periods, (a) all of its Taxes (Federal, state, provincial,
territorial, local and any other taxes), (b) except as noted in the Disclosure Schedule, all of its other obligations and liabilities
of whatever nature in accordance with industry practice, and (c) any additional costs that are imposed as a result of any failure to
so pay, discharge or otherwise satisfy such Taxes, obligations and liabilities, except when the amount or validity of any such Taxes,
obligations and liabilities is currently being contested in good faith by appropriate proceedings and reserves, if applicable, in conformity
with GAAP with respect thereto have been provided on the books of the Borrower.

 

    17

    

    

 

5.12 Maintenance
of Property; Insurance. Except as set out in the Disclosure Schedule, the Borrower shall:

 

(a) keep
all material property useful and necessary in its business in good working order and condition (ordinary wear and tear and obsolescence
excepted);

 

(b) maintain
with financially sound and reputable insurance companies liability, casualty, property and business interruption insurance (including,
without limitation, insurance with respect to its tangible Collateral) in reasonable amounts and against at least such risks as are usually
insured against in the same general area by companies engaged in the same or a similar business; and furnish to the Line of Credit Lender,
upon the request of the Line of Credit Lender, full information as to the insurance carried. To the extent permitted under Applicable
Laws, the Line of Credit Lender shall be named (i) as loss payee, as its interest may appear with respect to any property insurance,
and (ii) as additional insured, as its interest may appear, with respect to any such liability insurance, and each provider of any such
insurance shall agree, by endorsement upon the policy or policies issued by it or by independent instruments to be furnished to the Line
of Credit Lender, that it will give the Line of Credit Lender thirty (30) days prior written notice before any such policy or policies
shall be altered or canceled, and such policies shall provide that no act or default of the Borrower or any other Person shall affect
the rights of the Line of Credit Lender under such policy or policies.

 

(c) In
case of any material loss, damage to or destruction of any material element of the Collateral of the Borrower or any part thereof, the
Borrower shall promptly give written notice thereof to the Line of Credit Lender generally describing the nature and extent of such damage
or destruction. In case of any such material loss, damage to or destruction of Collateral of the Borrower or any part thereof, if required
by the Line of Credit Lender, the Borrower (whether or not the insurance proceeds, if any, received on account of such damage or destruction
shall be sufficient for that purpose), at such Borrower’s cost and expense, will promptly repair or replace the Collateral of the
Borrower so lost, damaged or destroyed.

 

5.13 Notices.
The Borrower shall give notice in writing to the Line of Credit Lender Representative:

 

(a) promptly,
but in any event within two (2) Business Days, after any Borrower has knowledge of the occurrence of any Default or Event of Default;

 

(b) promptly,
of any default or event of default under any contractual obligation of the Borrower which, individually or in the aggregate, could reasonably
be expected to have a Material Adverse Effect or involve a monetary claim in excess of $100,000;

 

    18

    

    

 

(c) promptly,
of any litigation, or any investigation or proceeding known or threatened to the Borrower (i) affecting the Borrower which, individually
or in the aggregate, could reasonably be expected to have a Material Adverse Effect or involve a monetary claim in excess of $100,000
or involving injunctions or requesting injunctive relief by or against the Borrower, (ii) materially affecting this Agreement, any other
Line of Credit Document or any security interest or Lien created thereunder, or (iii) by any Governmental Authority relating to the Borrower
thereof and alleging fraud, deception or willful misconduct by such Person;

 

(d) of
any labor dispute that has resulted in, or threatens to result in, a strike or other work action against any Borrower which could reasonably
be expected to have a Material Adverse Effect;

 

(e) of
any attachment, judgment, Lien, levy or order that may be assessed against or threatened against the Borrower other than Permitted Liens;

 

(f) promptly,
of any notice of any violation received by the Borrower from any Governmental Authority; and

 

(g) promptly,
of any other development or event which could reasonably be expected to have a Material Adverse Effect.

 

Each
notice pursuant to this Section 5.13 shall be accompanied by a statement of an authorized officer setting forth details of the
occurrence referred to therein and stating what action the Borrower proposes to take with respect thereto. In the case of any notice
of a Default or Event of Default, the Borrower shall specify that such notice is a Default or Event of Default notice on the face thereof.
Notwithstanding the foregoing, inadvertent failure to notify the Line of Credit Lender under this Section 5.13 shall not be an
Event of Default or otherwise constitute a breach hereof, unless such failure to notify (i) is willful or deliberate, or (ii) shall have
a Material Adverse Effect on the Borrower or the Line of Credit Lender.

 

5.14 Liens.
Each Borrower shall cause that none of the tangible and intangible personal property or real property now or hereafter owned or leased
by it or any other Borrower shall become subject to any Lien, other than pursuant to Permitted Liens.

 

5.15 Conference
Call. Upon request of the Line of Credit Lender, within five Business Days of the delivery of any financial statements referred to
herein and at such times as the Line of Credit Lender may request on three (3) Business Days’ notice, the management of the Borrower
shall host a conference call for the Line of Credit Lender to discuss such financial statements or current monthly financial results,
as applicable. No fewer than three (3) Business Days prior to each conference call, Borrower shall notify the Line of Credit Lender of
the time and date of such conference call and shall provide each Line of Credit Lender with access instructions to the conference call.

 

    19

    

    

 

ARTICLE
VI.

EVENTS OF DEFAULT; TERMINATION EVENT; REMEDIES

 

6.1 Events
of Default. The occurrence and continuation of any of the following events shall constitute an Event of Default under this Agreement
and the Line of Credit Documents without the requirement of notice from Line of Credit Lender to any of the Borrower:

 

(a) Nonpayment.
The failure of the Borrower to pay, when due or upon a Termination Event, any or all of the principal amount of, or accrued Interest
at the applicable interest rate on, all outstanding Advances, whether on the Maturity Date or otherwise, or any other Obligations of
the Borrower under this Agreement or any of the Line of Credit Documents.

 

(b) Breach
of Covenants. HollyWeed shall willfully fail or refuse to comply with its covenants in respect of the proposed HollyWeed IPO set
forth in Section 5.1 or any Borrower shall breach or violate any of the covenants set forth in Sections 5.6 through 5.12
and in Section 5.13 above.

 

(c) Breach
of Covenant. The failure of the Borrower to perform or observe any other covenant, term, condition or agreement contained in this
Agreement or any other Line of Credit Document (other than as provided in Section 6.1(a) or (b)), and such failure continues
unremedied for a period of 5 days (or if the failure cannot be cured within such five (5) days but is capable of cure, such greater period
up to but not exceeding 30 days as required to cure such failure provided that the Borrower shall have diligently commenced the curing
of such default and is diligently pursuing the same to completion) after the earlier of the Borrower becomes aware of such failure or
written notice to the Borrower from the Line of Credit Lender.

 

(d) Assignment.
Any Borrower, without the prior written consent of Line of Credit Lender: (1) assigns this Agreement or any disbursement or Advance to
be made hereunder, or any interest therein to any Person; (2) voluntarily or involuntarily conveys, transfers, assigns, mortgages pledges
or subjects to any Lien any of the assets and properties of Borrower in any manner, other than as provided in this Agreement; or (3)
issue, conveys, transfers, pledges, encumbers or assigns to any Person, or consents to any such issuance, conveyance, transfer, pledge,
encumbrance or assignment, other than to the Line of Credit Lender, any Share Capital or other equity interests in the capital of the
Borrower (other than the issuance of HollyWeed Common Shares pursuant to the exercise of rights or options to acquire HollyWeed Common
Shares or securities convertible or exchangeable into HollyWeed Common Shares, in each case that are issued and outstanding on the date
hereof or that are issued to directors, officers or employees of the HollyWeed pursuant to the terms of a stock option plan that is in
existence as of the date hereof).

 

(e) Material
Adverse Effect. The occurrence and continuation of a Material Adverse Effect with respect to the Borrower which is not cured to the
Line of Credit Lender’s reasonable satisfaction within ten (10) days after the earlier of the Borrower becomes aware of such occurrence
or written notice to the Borrower from the Line of Credit Lender.

 

    20

    

    

 

(f) Breach
of Warranty.The Borrower shall breach any material representation or warranty made under this Agreement.

 

(g)
Bankruptcy or Insolvency. The occurrence and continuance of any voluntary or involuntary bankruptcy event with respect to the
Borrower, including: the filing by it of a petition in bankruptcy or for reorganization or for an arrangement under any bankruptcy or
insolvency law (including the Bankruptcy Code or the Companies’ Creditors Arrangement Act (Canada)) or for a receiver or
trustee for any of their respective properties; an assignment by it for the benefit of creditors or an admission by any of them, in writing,
of an inability to pay its debts as they become due; or the entry of a judgment of insolvency against it by any state, provincial or
federal court of competent jurisdiction.

 

(h)
Misrepresentation. Any representation or warranty made by the Borrower in this Agreement or any of the Line of Credit Documents
is or proves to have been incorrect when made and such inaccuracy causes a Material Adverse Effect.

 

(i)
Transaction Documents. If any of the Transaction Documents cease for any reason to be enforceable in full force and effect in
accordance with its terms at any time, with or without the Line of Credit Lender being notified thereof.

 

6.2 Election
of Remedies. Upon the occurrence of any of the Events of Default set forth in Section 6.1 of this Agreement or the Line of
Credit Documents, at the election of Line of Credit Lender, the Line of Credit Lender may exercise such rights and take the following
actions to: (i) accelerate all Obligations owed by the Borrower to Line of Credit Lender and declare all outstanding Advances, accrued
Interest and other Obligations then owing by the Borrower under the Line of Credit Documents to be immediately due and payable; (ii)
exercise any remedy provided for in the Line of Credit Documents; (iii) terminate any obligations under this Agreement or the other Line
of Credit Documents to extend additional Advances under this Line of Credit Agreement; or (iv) exercise any other right or remedy available
to Line of Credit Lender pursuant to any Line of Credit Document, or as provided at law or in equity.

 

6.3 No
Remedy Exclusive. No remedy conferred upon or reserved to Line of Credit Lender under this Agreement shall be exclusive of any other
available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given
under this Agreement, the Transaction Documents and the Line of Credit Documents, or now or hereafter existing at law or in equity or
by statute. No delay or failure to exercise any right or power accruing upon any Event of Default shall impair any such right or power
or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be
deemed expedient.

 

6.4 Vesting
of Warrant. In the event that an Event of Default shall occur by reason of a willful breach or violation by HollyWeed of its covenants
in respect of the HollyWeed IPO as set forth in Section 5.1, the Warrant issued to Origo shall automatically vest, shall be immediately
exercisable and no longer be subject to redemption by HollyWeed.

 

    21

    

    

 

ARTICLE
VII.

MISCELLANEOUS

 

7.1 Non-Waiver.
No disbursement of the proceeds of the Line of Credit shall constitute a waiver of any covenant or condition to be performed by the Borrower.
In the event the Borrower is unable to satisfy any such covenant or condition, Line of Credit Lender shall not be precluded from thereafter
declaring such failure to be an Event of Default.

 

7.2 Derivative
Rights. Any obligations of Line of Credit Lender to make disbursements hereunder is imposed solely and exclusively for the benefit
of the Borrower and no other Person shall, under any circumstances, be deemed to be a beneficiary of such condition, nor shall any derivative
claim or action against Line of Credit Lender.

 

7.3 Amendments.
Neither this Agreement nor any provisions hereof may be changed, waived, discharged or terminated orally and may only be modified or
amended by an instrument in writing, signed by each of the Line of Credit Lender and the Borrower.

 

7.4 Binding
Effect. This Agreement shall be binding upon and shall inure to the benefit of the Borrower, the Line of Credit Lender and Line of
Credit Lender’s respective successors and assigns.

 

7.5 Waivers.
The failure by the Line of Credit Lender at any time or times hereafter to require strict performance by the other of any of the undertakings,
agreements or covenants contained in this Agreement shall not waive, affect or diminish any right of the Line of Credit Lender hereunder
to demand strict compliance and performance therewith. Any waiver by Line of Credit Lender of any Event of Default under this Agreement
shall not waive or affect any other Event of Default hereunder, whether such Event of Default is prior or subsequent thereto and whether
of the same or a different type. None of the undertakings, agreements or covenants of the Borrower under this Agreement shall be deemed
to have been waived unless such waiver is evidenced by an instrument in writing signed by the Line of Credit Lender specifying such waiver.

 

7.6 Survival.
This Agreement shall survive the disbursement of the proceeds of the Line of Credit, and each and every one of the obligations and undertakings
of the Borrower contained herein shall be continuing obligations and undertakings and shall not cease and terminate until all amounts
which may accrue pursuant to this Agreement or any of the Line of Credit Documents shall have been fully paid and all Obligations and
undertakings of the Borrower shall have been fully discharged.

 

7.7 Assignment
and Notices. The Borrower may not assign, in whole or in part, any of its rights or Obligations under this Agreement, the Line of
Credit Documents, the Transaction Documents or any other agreement or commitment (in addition to this Agreement and the Line of Credit
Documents) in existence between Line of Credit Lender on one hand, and the Borrower, on the other hand, without the prior written consent
of the Line of Credit Lender. Except as otherwise provided in this Agreement or in any Line of Credit Documents, whenever Line of Credit
Lender or the Borrower desire to give or serve any notice, demand, request or other communication with respect to this Agreement or any
other Line of Credit Documents, each such notice shall be in writing and shall be effective only if the notice is delivered by personal
service, by nationally-recognized overnight courier, by facsimile or by email to the address set out below:

 

If
to the Line of Credit Lender:

 

5953
Mabel Rd,

Unit
#138,

Las
Vegas, NV 89110

United
States

Attention:
Israel Maxx Abramowitz

Email:
maxx@orevacapital.com

 

    22

    

    

 

With
a copy to:

 

Borden
Ladner Gervais LLP

Bay
Adelaide Centre, East Tower

22
Adelaide Street West

Suite
3400

Toronto,
ON, Canada

M5H
4E3

Attention:
Jason Saltzman

Email:
JSaltzman@blg.com

 

If
to the Borrower (or any one of them):

 

3974
Lexington Avenue

Victoria, BC V8N 3Z6

 

Attention:
Renee Gagnon

Email:
renee@hollyweednorth.com

 

With
a copy to:

 

TingleMerrett
LLP

1250,
639 - 5 Avenue SW

Calgary,
AB T2P 0M9

 

Attention:
Scott Reeves

Email:
sreeves@tinglemerrett.com

 

Any
such notice, demand, request or other communication if delivered, shall be deemed to have been given when received, if sent by facsimile
before 4:30 p.m. (Vancouver time) on a Business Day, shall be deemed to have been received on that day, and if sent by facsimile after
4:30 p.m. (Vancouver time) on a Business Day, shall be deemed to have been received on the Business Day next following the date of transmission,
and if sent by sent by email shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient
(such as by the “return receipt requested” function, as available, return email or other written acknowledgment). Any Party
may change its address by giving notice to the other Party of its new address in the manner provided above.

 

    23

    

    

 

7.8 Severability.
If any term or provision of this Agreement shall, to any extent, be determined by a court of competent jurisdiction to be void, voidable
or unenforceable, such void, voidable or unenforceable term or provision shall not affect any other term or provision of this Agreement.

 

7.9 Actions.
The Line of Credit Lender shall have the right, but not the obligation, to commence, appear in and defend any action or proceeding which
might affect the Line of Credit Lender’s security or the Line of Credit Lender’s rights, duties or liabilities relating to
the Line of Credit, the Collateral, any of the assets of the Borrower or this Agreement.

 

7.10 Governing
Law. This Agreement and all matters relating hereto shall be governed by, construed and interpreted in accordance with the laws of
the Province of British Columbia, and the federal laws of Canada applicable therein, without giving effect to principles of conflicts
of laws.

 

7.11 Conflicts.
The provisions of this Agreement are not intended to be superseded by the provisions of the Line of Credit Documents executed in conjunction
with this Agreement but shall be construed as supplemental thereto. In the event of any inconsistency between the provisions hereof and
the Line of Credit Documents, it is intended that this Agreement shall control.

 

7.12 Counterparts.
This Agreement may be executed in any number of counterparts, each of which when so executed and delivered, shall be deemed an original,
but all such counterparts taken together shall constitute only one instrument.

 

7.13 Attorney
Fees. The Borrower agrees that should it default in any of the covenants or agreements contained in this Agreement or the Line of
Credit Documents, it shall pay all costs and expenses, including reasonable attorney fees and costs, incurred by the Line of Credit Lender
to protect its rights hereunder, regardless of whether an action is commenced or prosecuted to judgment.

 

7.14 Jurisdiction.
Any action or proceeding arising out of or relating to this Agreement, the Line of Credit Documents or the transactions contemplated
hereby or thereby may be instituted in the courts of the Province of British Columbia, and each Party irrevocably submits to the non-exclusive
jurisdiction of such courts in any such action or proceeding. The Parties irrevocably and unconditionally waive any objection to the
venue of any action or proceeding in such courts and irrevocably waive and agree not to plead or claim in any such court that any such
action or proceeding brought in any such court has been brought in an inconvenient forum. Nothing herein or in any other Line of Credit
Document shall affect any right that the Line of Credit Lender may otherwise have to bring any action or proceeding relating to this
Agreement or any other Line of Credit Document against the Borrower or its properties in the courts of any jurisdiction.

 

    24

    

    

 

7.15 Jury
Waiver. THE BORROWER AND LINE OF CREDIT LENDERS HEREBY JOINTLY AND SEVERALLY WAIVE ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION
OR PROCEEDING RELATING TO THIS INSTRUMENT AND TO ANY OF THE LINE OF CREDIT DOCUMENTS, THE OBLIGATIONS HEREUNDER OR THEREUNDER, ANY COLLATERAL
SECURING THE OBLIGATIONS, OR ANY TRANSACTION ARISING THEREFROM OR CONNECTED THERETO. THE BORROWER AND LINE OF CREDIT LENDERS EACH REPRESENT
TO THE OTHER THAT THIS WAIVER IS KNOWINGLY, WILLINGLY AND VOLUNTARILY GIVEN.

 

7.16 Final
Expression. THIS AGREEMENT AND THE LINE OF CREDIT DOCUMENTS ARE THE FINAL EXPRESSION OF THE AGREEMENT AND UNDERSTANDING OF LINE OF
CREDIT LENDERS WITH RESPECT TO THE LINE OF CREDIT AND MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY ALLEGED ORAL AGREEMENT.

 

7.17 Counterparts
Signatures. This Agreement and any amendments, waivers, consents or supplements hereto may be executed in counterparts (and by different
Parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute
a single contract. This Agreement shall become effective when it shall have been executed by the Line of Credit Lender and when the Line
of Credit Lender has received counterparts hereof that, when taken together, bear the signatures of each of the other Parties hereto.
Delivery of an executed counterpart of a signature page to this Agreement by facsimile or by sending a scanned copy by electronic mail
shall be effective as delivery of a manually executed counterpart of this Agreement.

 

[Signature
Page Follows]

 

    25

    

    

 

Execution
Copy

 

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

 

	 	LINE OF CREDIT LENDER:
	 	ORIGO BC HOLDINGS LTD.
	 	 
	 	By:	/s/ Israel Maxx Abramowitz
	 	Name:	Israel Maxx Abramowitz
	 	Title:	President

 

	BORROWER:   HOLLYWEED NORTH CANNABIS INC.	 
	 	 
	By:	/s/ Renee Gagnon	 
	Name:	Renee Gagnon	 
	Title:	President & Director	 
	 	 
	HOLLYWEED MANUFACTURING & EXTRACTS INC.
	 
	By:	/s/ Renee Gagnon	 
	Name:	Renee Gagnon	 
	Title:	Director	 
	 
	TERRACUBE INTERNATIONAL INC.
	 
	By:	/s/ Renee Gagnon	 
	Name:	Renee Gagnon	 
	Title:	President & Director	 
	 
	1114474 B.C. LTD.
	 
	By:	/s/ Renee Gagnon	 
	Name:	Renee Gagnon	 
	Title:	President & Director	 

 

[Signature Page to Line of Credit Agreement]

 

     

     

    

 

SCHEDULE
1

DISCLOSURE SCHEDULE

 

Section
4.1 — The material subsidiaries of HollyWeed are as follows:

 

		●	Terracube
                                            International Inc. (formerly Crop2Scale International Inc.), a British Columbia corporation

 

		●	Hollyweed
                                            Manufacturing & Extracts Inc., a British Columbia corporation

 

		●	1114474
                                            BC Ltd., a British Columbia corporation

 

In
addition, HollyWeed has the following subsidiaries that have no assets or operations. The intention is to let the BC companies be struck
from the BC registry. The US entity also has no assets or operations and will also likely not be renewed:

 

		●	Hollyweed
                                            Grow Inc., a British Columbia corporation

 

		●	Terracube
                                            USA Inc., a Delaware corporation

 

		●	Hollyweed
                                            Retail Inc. (formerly Hollyweed Lodge Inc.), a British Columbia corporation

 

		●	Hollyweed
                                            Bakery Inc., a British Columbia corporation Instructions have been provided to bring HollyWeed
                                            and the three material subsidiaries into good standing, as applicable.

 

Section
4.4 — There are no material Proceedings against or affecting the Borrower, except for the following:

 

		●	Order
                                            to Provide information or Produce Records from the British Columbia Securities Commission
                                            dated February 10, 2020, related to the historical issuance of shares by Hollyweed utilizing
                                            the “close friends, family and business associates” prospectus exemption pursuant
                                            to National Instrument 45-106 ss. 2.5.

 

		●	Employment
                                            standards complaints filed with the Employment Standards Branch of British Columbia as against
                                            Hollyweed North Cannabis Inc. by Christopher Ore, Jo Ann Di Sensi, Kimberley Ellis, Leslie
                                            Gerard, Meredith Stratton, David Galvez Alcaraz, Kate Dalgleish and Glenda Meyer (former
                                            employees of Hollyweed North Cannabis Inc.). Amounts owing to these employees for unpaid
                                            wages are accrued in the balance sheet as accounts payable.

 

Section
4.5 — The Borrower holds all licenses or permits from any Governmental Authority or other Person as licensee or permit
holder as are required to operate the Business as presently conducted by such Borrower, except for:

 

		●	The
                                            Borrower has applied for but not yet received its Health Canada Controlled Substance Dealer
                                            License for the conduct of activities related to psychedelics including Psilocybin, Psilocin,
                                            Mescaline and DMT

 

    Schedule 1- 1

     

    

 

Section
4.6 — None of the Intellectual Property of the Borrower is expected to expire or terminate within five (5) years from the
date of this Agreement, subject to:

 

		●	Licenses
                                            held by the Borrower are subject to the license term provided therein and are generally renewable,
                                            subject to compliance with the provisions for renewal or maintenance set out under the license
                                            terms.

 

Section
4.7 — Each Borrower has good and marketable title to all personal property owned by them which is material to the Business,
in each case free and clear of all Liens, except for the Liens that exist due to the following:

 

		●	The
                                            Loan Agreement between Hollyweed North Cannabis Inc. (as borrower), Hollyweed Manufacturing
                                            & Extracts Inc. and Terracube International Inc. (as guarantors), Renee Gagnon (as principal)
                                            of Hollyweed North Cannabis Inc. and MNB Enterprises Inc. (as agent), MNB Enterprises Inc.
                                            and R. Jay Management Ltd. (as lenders) dated January 14, 2020 as amended February 27, 2020
                                            and April 30, 2020.

 

		●	Second
                                            Amendment to the Loan Agreement between Hollyweed North Cannabis Inc. (Borrower), Hollyweed
                                            Manufacturing & Extracts Inc. and Terracube International Inc (Guarantors). and Renee
                                            Gagnon (Principal) and MNB Enterprises Inc. (Agent) and MNB Enterprises Inc. and R. Jay Management
                                            Ltd. (Lender) dated February 27, 2020 re: an extension to the Maturity Date (earlier of (i)
                                            third party financing and (ii) March 30, 2020) of the Loan Agreement for 1,000,000 Class
                                            B Voting Common Shares of HW as consideration.

 

		●	Third
                                            Amendment to the Loan Agreement between Hollyweed North Cannabis Inc. (Borrower), Hollyweed
                                            Manufacturing & Extracts Inc. and Terracube International Inc (Guarantors). and Renee
                                            Gagnon (Principal) and MNB Enterprises Inc. (Agent) and MNB Enterprises Inc. and R. Jay Management
                                            Ltd. (Lender) dated February 27, 2020 re: an extension to the Maturity Date (earlier of (i)
                                            third party financing and (ii) April 30, 2020) of the Loan Agreement for no further consideration.

 

		●	Fourth
                                            Amendment to the Loan Agreement between Hollyweed North Cannabis Inc. (Borrower), Hollyweed
                                            Manufacturing & Extracts Inc. and Terracube International Inc (Guarantors). and Renee
                                            Gagnon (Principal) and MNB Enterprises Inc. (Agent) and MNB Enterprises Inc. and R. Jay Management
                                            Ltd. (Lender) dated April 30, 2020 re: an extension to the Maturity Date (earlier of (i)
                                            third party financing and (ii) June 30, 2020) of the Loan Agreement for no further consideration.

 

		●	Fifth
                                            Amendment to the Loan Agreement between Hollyweed North Cannabis Inc. (Borrower), Hollyweed
                                            Manufacturing & Extracts Inc. and Terracube International Inc (Guarantors). and Renee
                                            Gagnon (Principal) and MNB Enterprises Inc. (Agent) and MNB Enterprises Inc. and R. Jay Management
                                            Ltd. (Lender) dated June 30, 2020 re: an extension to the Maturity Date (earlier of (i) third
                                            party financing and (ii) July 31, 2020) of the Loan Agreement for no further consideration.

 

		●	The
                                            General Security Agreement between Hollyweed North Cannabis Inc. and MNB Enterprises Inc.
                                            dated January 14, 2020

 

		●	The
                                            General Security Agreement between Hollyweed Manufacturing & Extracts Inc. and MNB Enterprises
                                            Inc. dated January 14, 2020

 

		●	The
                                            General Security Agreement between Terracube International Inc. and MNB Enterprises Inc.
                                            dated January 14, 2020.

 

    Schedule 1- 2

     

    

 

		●	Agency
                                            Agreement between Hollyweed North Cannabis Inc. (Borrower), Hollyweed Manufacturing &
                                            Extracts Inc. and Terracube International Inc. (Guarantors) and Renee Gagnon (Principal)
                                            and MNB Enterprises Inc. (Agent) and MNB Enterprises Inc. and R. Jay Management Ltd. (Lender)
                                            dated January 14, 2020.

 

		●	Pledge
                                            Agreement between Hollyweed North Cannabis Inc. (as borrower) and MBN Enterprises Inc. (as
                                            agent) dated January 14, 2020

 

Section
4.10 - There are no contracts, transactions, arrangements or understanding between the Borrower and any Hollyweed Shareholder
or any officer or employee of the Borrower, except for the following:

 

		●	Options

 

	 
Option Holder
	 	Date Issued	 	Vesting Terms	 	Expiry	 	 	Quantity	 	 	Exercise Price Per Share	 
	Chris Taylor	 	September 18, 2017	 	Fully vested	 	 	September 18, 2022	 	 	 	975,780	 	 	$	0,02557	 
	Chris Taylor	 	October 4, 2017	 	Fully vested	 	 	October 4, 2022	 	 	 	976,780	 	 	$	0.17914	 
	Chris Taylor	 	May 18, 2018	 	Fully vested	 	 	May 18, 2023	 	 	 	1,280,580	 	 	$	0.00036	 
	Chris Taylor	 	March 2, 2018	 	Fully vested	 	 	March 2, 2023	 	 	 	113,680	 	 	$	0.21993	 
	Chris Taylor	 	March 2, 2018	 	Fully vested	 	 	March 2, 2023	 	 	 	909,370	 	 	$	0.02750	 
	Cheryl Evans	 	July 1, 2019	 	Fully vested	 	 	June 30, 2024	 	 	 	2,000,000	 	 	$	0.35000	 
	Bin Huang	 	July 1, 2019	 	Fully vested	 	 	June 30, 2024	 	 	 	100,000	 	 	$	$0.35000	

 

		●	Debt
                                            Instruments/Promissory Notes

 

Livio
Susin

 

		●	Promissory
                                            Note dated January 1, 2019 whereby HW promises to pay Livio Susin $200,000 on March 31, 2019

 

		o	Principal:
                                            $200,000

 

		o	Interest:
                                            $10,500

 

		o	Term:
                                            March 31, 2019

 

		●	Promissory
                                            Note Extension Agreement between HW and Livio Susin dated March 31, 2019

 

		o	Revised
                                            Maturity Date: September 30, 2019

 

		o	Interest:
                                            $3,500 per month

 

		●	Promissory
                                            Note Extension Agreement between HW and Livio Susin dated September 30, 2019

 

		o	Revised
                                            Maturity Date: December 31, 2019

 

		o	Interest:
                                            $3,500 per month

 

		●	Promissory
                                            Note Extension Agreement between HW and Livio Susin dated December 31, 2019

 

		o	Revised
                                            Maturity Date: June 30, 2020

 

		o	Interest:
                                            $3,500 per month

 

    Schedule 1- 3

     

    

 

		●	Promissory
                                            Note Extension Agreement between HW and Livio Susin dated June 30, 2020

 

		o	Revised
                                            Principal: $100,000

 

		o	Revised
                                            Maturity Date: December 31, 2020

 

		o	Interest:
                                            $3,500 per month

 

		●	Short
                                            Term Loan Agreement between HW and Livio Susin dated February 19, 2019

 

		o	Principal:
                                            $330,000 (in installments from February 19, 2019 to April 17, 2019)

 

		o	Interest:
                                            2%

 

		o	Term:
                                            Principal shall be due 90 days subsequent to a successful completion of an IPO or RTO (so
                                            as to list the shares on a public exchange)

 

Renee
Gagnon

 

		●	Short
                                            Term Loan Agreement between HW and Renee Gagnon dated October 17, 2019

		o	Principal:
                                            $50,000

 

		o	Interest:
                                            2%

 

		o	Term:
                                            Principal shall be due 90 days subsequent to a successful completion of an IPO or RTO (so
                                            as to list the shares on a public exchange)

 

Bridge
Loan

 

		●	Loan
                                            Agreement between Hollyweed North Cannabis Inc. (Borrower), Hollyweed Manufacturing &
                                            Extracts Inc. and Terracube International Inc. (Guarantors) and Renee Gagnon (Principal)
                                            and MNB Enterprises Inc. (Agent) and MNB Enterprises Inc. and R. Jay Management Ltd. (Lender)

 

		o	Principal:
                                            $150,000

 

		o	Interest:
                                            20% per annum

 

		o	Term:
                                            The earlier of (i) a third party financing; and (ii) 30 days after the Closing Date

 

		o	Put
                                            Option Shares: 1,041,250 Class B Non-voting Common Shares at a price of $1.00 per shares
                                            and 619,53 Class B Non-voting Common Shares at a price of $1.00

 

Canada
Emergency Business Account Loan

 

		●	Loan
                                            to HW under government program

 

		o	Principal:
                                            $40,000

 

		o	Forgivable
                                            portion: $10,000 if repaid by due date

 

		o	Interest:
                                            0%

 

		o	Due
                                            date: December 31, 2022

 

		●	Loan
                                            to TC under government program

		o	Principal:
                                            $40,000

 

		o	Forgivable
                                            portion: $10,000 if repaid by due date

 

		o	Interest:
                                            0%

 

		o	Due
                                            date: December 31, 2022

 

    Schedule 1- 4

     

    

 

Notes
Payable Summary

 

(Omitted)

 

		●	Contractual
                                            Liabilities

 

Settlement
Agreement between Hollyweed North Cannabis Inc. (“HW”) and Renee Gagnon and Livio Susin and Heather Jennings and Mary
Stipancic dated April 20, 2020, as amended on October 23, 2020

 

		o	HW
                                            will provide Mary Stipancic with a lump sum of $233,821.94 (“Base Amount”)
                                            and various other amounts totalling approximately $283,000 (cash and securities)

 

		o	HW
                                            will pay the Base Amount on the earlier of:

 

		●	The
                                            closing of the sale of HW’s assets for more than $5 million

 

		●	HW
                                            or its subsidiaries secures greater than $5 million in debt financing

 

		●	The
                                            issuance of HW or its subsidiaries of greater than $5 million equity financing

 

		●	In
                                            the event that none of the above happen prior to October 20, 2020, HW shall pay $20,000 of
                                            the Base Amount owing for each $1,000,000 received by Hollyweed from financing or sales activities
                                            prior to the Deadline Date.

 

		●	In
                                            any event, the Base Amount shall be paid on or before April 20, 2021 (the “Deadline
                                            Date”)

 

		o	Renee
                                            Gagnon personally guarantees the performance of HW’s obligations under this agreement

 

		o	If
                                            less then $5 million are raised the parties will negotiate in good faith to a “reasonable
                                            reduction” to the amounts noted above.

 

Contractor
Agreement between Hollyweed North Cannabis Inc. (“HW”) and Renee Gagnon and Livio Susin and Heather Jennings and Cheryl
Evans undated (“Contractor Agreement”)

 

		o	HW
                                            will provide Cheryl Evans with a lump sum of $284,956.71 (“Amount”), a
                                            success fee in the aggregate amount of $25,000 to be paid concurrently with the closing of
                                            sale of one or more of Hollyweed’s wholly owned subsidiaries, a potential equity financing
                                            transaction resulting in a public listing of one or more of Hollyweed’s wholly owned
                                            subsidiaries, and/or a potential equity financing transaction resulting in a change of control
                                            of Hollyweed or one of its wholly owned subsidiaries. On May 10, 2020, the Amount was been
                                            reduced to an aggregate $184,956.71.

 

    Schedule 1- 5

     

    

 

Section:
5.11 Payment of Taxes and Other Obligations

 

		●	HollyWeed
                                            has not filed tax returns for the below entities for the noted periods, however, no taxes
                                            are currently owing nor will be owing upon filings. Tax losses may be carried forward for
                                            a period of 20 years and are available to offset future taxes payable.

 

	Name	Taxation
    Year	Due
    date	Return
    position
	HollyWeed
    North Cannabis Inc.	June
    30, 2017	Overdue	Loss,
    no taxes payable
	HollyWeed
    North Cannabis Inc.	June
    30, 2018	Overdue	Loss,
    no taxes payable
	HollyWeed
    North Cannabis Inc.	June
    30, 2019	Overdue	Loss,
    no taxes payable
	HollyWeed
    North Cannabis Inc.	June
    30, 2020	December
    31, 2020	Loss,
    no taxes payable
	1114474
    BC Ltd.	June
    30, 2017	Overdue	Nil
    return, no taxes payable
	1114474
    BC Ltd.	June
    30, 2018	Overdue	Nil
    return, no taxes payable
	1114474
    BC Ltd.	June
    30, 2019	Overdue	Nil
    return, no taxes payable
	1114474
    BC Ltd.	June
    30, 2020	December
    31, 2020	Nil
    return, no taxes payable
	HollyWeed
    Manu & Extracts Inc.	June
    30, 2018	Overdue	Loss,
    no taxes payable
	HollyWeed
    Manu & Extracts Inc.	June
    30, 2019	Overdue	Loss,
    no taxes payable
	HollyWeed
    Manu & Extracts Inc.	June
    30, 2020	December
    31, 2020	Loss,
    no taxes payable
	HollyWeed
    Grow Inc.	June
    30, 2018	Overdue	Nil
    return, no taxes payable
	HollyWeed
    Grow Inc.	June
    30, 2019	Overdue	Nil
    return, no taxes payable
	HollyWeed
    Grow Inc.	June
    30, 2020	December
    31, 2020	Nil
    return, no taxes payable
	Terracube
    International Inc.	June
    30, 2020	December
    31, 2020	Loss,
    no taxes payable
	CaliH20
    Water and Waste Inc.	June
    30, 2018	Overdue	Nil
    return, no taxes payable
	CaliH20
    Water and Waste Inc.	June
    30, 2019	Overdue	Nil
    return, no taxes payable
	CaliH20
    Water and Waste Inc.	June
    30, 2020	December
    31, 2020	Nil
    return, no taxes payable
	HollyWeed
    Bakery Inc.	June
    30, 2018	Overdue	Nil
    return, no taxes payable
	HollyWeed
    Bakery Inc.	June
    30, 2019	Overdue	Nil
    return, no taxes payable
	HollyWeed
    Bakery Inc.	June
    30, 2020	December
    31, 2020	Nil
    return, no taxes payable
	HollyWeed
    Retail Inc.	June
    30, 2018	Overdue	Nil
    return, no taxes payable
	HollyWeed
    Retail Inc.	June
    30, 2019	Overdue	Nil
    return, no taxes payable
	HollyWeed
    Retail Inc.	June
    30, 2020	December
    31, 2020	Nil
    return, no taxes payable

 

Section:
5.12 Maintenance of Property Insurance.

 

		●	HollyWeed
                                            did not renew its general commercial liability insurance policy that expired August 21, 2020,
                                            and so does not currently hold any company and/or business insurance.

 

    Schedule 1- 6

     

    

 

SCHEDULE
2

PERMITTED
LIENS

 

“Permitted
Liens” means any of the following:

 

(a) Liens
directly securing the Obligations to the Line of Credit Lender evidenced by the Line of Credit Note and the other Line of Credit Documents;

 

(b) Pledges,
deposits or Liens arising or made to secure payment of workers’ compensation, unemployment insurance or other forms of governmental
insurance or benefits or to participate in any fund in connection with workers’ compensation, unemployment insurance, pensions
or other social security programs;

 

(c) Easements,
rights-of-way, encumbrances and other restrictions on the use or value of real property or any other property or asset which do not materially
impair the use thereof;

 

(d) Liens
for Taxes and Liens imposed by operation of law (including, without limitation, Liens of mechanics, materialmen, warehousemen, carriers
and landlords, and similar Liens) provided that (i) except as disclosed on the Disclosure Schedule, the amount secured is not overdue
by more than one hundred eighty (180) days and no Lien has been filed, or (ii) the validity or amount thereof is being contested in good
faith by lawful proceedings diligently conducted, reserve or other provision required by GAAP has been made, levy and execution thereon
have been (and continue to be) stayed, or payment is fully covered by insurance (subject to the customary deductible);

 

(e) Rights
of offset or statutory banker’s Liens arising in the ordinary course of business in favor of commercial banks, provided that any
such Lien shall only extend to deposits and property in possession of such commercial bank;

 

(f) liens
to secure Purchase Money Indebtedness;

 

(g) mechanic,
workmen’s, materialman’s and repairman’s liens in the ordinary course of business; and

 

(h) the
following agreements:

 

		(i)	Loan
                                            Agreement between HollyWeed North Cannabis Inc. (as borrower), HollyWeed Manufacturing &
                                            Extracts Inc. and Terracube International Inc. (as guarantors), Renee Gagnon (as principal)
                                            of HollyWeed North Cannabis Inc. and MNB Enterprises Inc. (as agent), MNB Enterprises Inc.
                                            and R. Jay Management Ltd. (as lenders) dated January 14, 2020 as amended February 27, 2020
                                            and April 30, 2020;

 

		(ii)	General
                                            Security Agreement between HollyWeed North Cannabis Inc. and MNB Enterprises Inc. dated January
                                            14, 2020;

 

		(iii)	General
                                            Security Agreement between HollyWeed Manufacturing & Extracts Inc. and MNB Enterprises
                                            Inc. dated January 14, 2020;

 

    Schedule 2 - 1

     

    

 

		(iv)	General
                                            Security Agreement between Terracube International Inc. and MNB Enterprises Inc. dated January
                                            14, 2020;

 

		(v)	Agency
                                            Agreement between HollyWeed North Cannabis Inc. (Borrower), HollyWeed Manufacturing &
                                            Extracts Inc. and Terracube International Inc. (Guarantors) and Renee Gagnon (Principal)
                                            and MNB Enterprises Inc. (Agent) and MNB Enterprises Inc. and R. Jay Management Ltd. (Lender)
                                            dated January 14, 2020;

 

		(vi)	Pledge
                                            Agreement between HollyWeed North Cannabis Inc. (as borrower) and MBN Enterprises Inc. (as
                                            agent) dated January 14, 2020;

 

		(vii)	Promissory
                                            Note dated January 1, 2019 between HollyWeed North Cannabis Inc. (as borrower) and Livio
                                            Susin (as lender) in the original principal amount of $200,000, as amended, bearing interest
                                            at 21% per annum and due December 31, 2020;

 

		(viii)	Loan
                                            agreement dated February 19, 2019 between HollyWeed North Cannabis Inc. (as borrower) and
                                            Livio Susin (as lender) in the original principal amount of $330,000, as amended, bearing
                                            interest at 2% per annum and due 90 days following an IPO/RTO;

 

		(ix)	Loan
                                            agreement dated October 17, 2019 between HollyWeed North Cannabis Inc. (as borrower) and
                                            Livio Susin (as lender) in the original principal amount of $50,000, as amended, bearing
                                            interest at 2% per annum and due 90 days following an IPO/RTO;

 

		(x)	Canada
                                            Emergency Business Account Loan to HollyWeed North Cannabis Inc. (as borrower) in the principal
                                            amount of $40,000, non-interest bearing, forgivable as to $10,000 if paid by December 31,
                                            2022; and

 

		(xi)	Canada
                                            Emergency Business Account Loan to Terracube International Inc.. (as borrower) in the principal
                                            amount of $40,000, non-interest bearing, forgivable as to $10,000 if paid by December 31,
                                            2022.

 

Notes
Payable Summary

 

	Company	 	Lender	 	Original date	 	 	Due date	 	Security
	 	Interest rate	 	 	Original amount	 	 	Interest	 	 	Paid	 	 	Forgiven	 	 	Outstanding	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	HWN	 	Promissory Note-Livio Susin (David Anthony)	 	 	January 1, 2019	 	 	December 31, 2020	 	Financing statement persuant to Personal Property Security Act may be filed at cost of Lender	 	 	21	%	 	 	200,000.00	 	 	 	61,250.00	 	 	 	-121,000.00	 	 	 	0.00	 	 	 	140,250.00	 
	HWN	 	Short Term Loan-Livio Susin	 	 	February 19, 2019	 	 	90 days subsequent to IPO/RTO	 	Unsecured	 	 	2	%	 	 	330,000.00	 	 	 	8,666.87	 	 	 	-7,500.00	 	 	 	0.00	 	 	 	331,166.87	 
	HWN	 	Short Term Loan-1118737 BC Ltd (Renee Gagnon)	 	 	April 17, 2019	 	 	90 days subsequent to IPO/RTO	 	Unsecured
	 	 	2	%	 	 	506,000.00	 	 	 	11,485.69	 	 	 	0.00	 	 	 	-517,485.69	 	 	 	0.00	 
	HWN	 	Short Term Loan-Renee Gagnon	 	 	October 17, 2019	 	 	90 days subsequent to IPO/RTO	 	Unsecured
	 	 	2	%	 	 	50,000.00	 	 	 	600.65	 	 	 	-27,579.18	 	 	 	0.00	 	 	 	23,021.47	 
	HWN	 	Bridge Loan	 	 	January 14, 2020	 	 	July 31, 2020	 	General Security Agreements
	 	 	20	%	 	 	150,000.00	 	 	 	13,726.03	 	 	 	0.00	 	 	 	0.00	 	 	 	163,726.03	 
	HWN	 	Canada Emergency Business Account Loan	 	 	April 20, 2020	 	 	December 31, 2022	 	Unsecured, 25% forgiven if repaid by due date	 	 	interest free	 	 	 	40,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	-10,000.00	 	 	 	30,000.00	 
	TC	 	Canada Emergency Business Account Loan	 	 	April 20, 2020	 	 	December 31, 2022	 	Unsecured, 25% forgiven if repaid by due date	 	 	interest free	 	 	 	40,000.00	 	 	 	0.00	 	 	 	0.00	 	 	 	-10,000.00	 	 	 	30,000.00	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,316,000.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	718,164.37	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Payment schedule	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	November 30, 2020	 	 	163,726.03	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	December 31, 2020	 	 	140,250.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	90 days subsequent to IPO/RTO	 	 	354,188.34	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	December 31, 2022	 	 	60,000.00	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Total	 	 	718,164.37	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    Schedule 2 - 2

     

    

 

Exhibit
1

 

Line of Credit Note

 

    Exhibit 1- 1

     

    

 

Exhibit
1

 

THIS
SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON
AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY
NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS.

 

CONVERTIBLE
SECURED PROMISSORY NOTE

 

	Issuance Date:	$_______

 

FOR
VALUE RECEIVED, each of the following corporations HollyWeed North Cannabis Inc., a corporation organized under the laws of
British Columbia (“HollyWeed” or the “Company”) and the HollyWeed Subsidiaries consisting of HollyWeed
Manufacturing & Extracts Inc., a British Columbia corporation, Terracube International Inc., a British Columbia corporation,
and 1114474 B.C. Ltd., a British Columbia corporation (individually and collectively, the “Borrower”), hereby
unconditionally promises to pay to the order of Origo BC Holdings Ltd., a British Columbia corporation (“Origo”),
and/or its successors and assigns (collectively, with Origo, the “Holder”), at such place as the Holder may from time
to time designate, the principal sum of _______________ ($________) Dollars. Also, (the “Principal Indebtedness”),
inclusive of interest on the outstanding Principal Indebtedness evidenced by this Note at the Interest Rate or, if applicable, the Default
Interest Rate, set forth below.

 

This
Note is the “Line of Credit Note”, as that term is defined in the Line of Credit Agreement, dated as of November 4, 2020
(the “Line of Credit Agreement”), among HollyWeed, each other Borrower and Origo. Unless otherwise expressly defined
in this Note, all capitalized terms used herein and all references to $ or Dollars shall have the same meaning as assigned to them in
the Line of Credit Agreement.

 

(a) Principal
Indebtedness. The entire Principal Indebtedness evidenced by this Note shall be due and payable on a date which shall be November
4, 2023 (i.e., 36 months from the Effective Date referred to in the Line of Credit Agreement) (the “Maturity Date”).

 

(b) Interest.
Except as provided in clause (c) below, the Principal Indebtedness outstanding hereunder from time to time shall bear interest at
the rate of eight (8%) percent per annum (the “Interest Rate”) from the Issuance Date until the entire Principal Indebtedness,
all accrued and unpaid interest thereon, and all other amounts and indebtedness payable under this Note, are paid in full, whether at
maturity, upon acceleration, by prepayment, or otherwise. All accrued and unpaid interest shall be payable together with all outstanding
Principal Indebtedness on the Maturity Date of this Note. All computations of interest shall be made on the basis of the actual number
of days elapsed in a year of 360 days. For the purposes of the Interest Act (Canada) and disclosure under such Act, wherever any
interest to be paid under this Agreement is to be calculated on the basis of any period of time that is less than a calendar year (a
“deemed year”), such rate of interest shall be expressed as a yearly rate by multiplying such rate of interest for the deemed
year by the actual number of days in the calendar year in which the rate is to be ascertained and dividing it by the number of days in
the deemed year.

 

    Exhibit 1- 2

     

    

 

(c) Default
Interest Rate. During any period in which an Event of Default has occurred and is continuing, interest shall accrue on the outstanding
Principal Indebtedness at the rate equal to fifteen (15%) percent per annum (the “Default Interest Rate”).

 

(d) Judgment
Currency. (i) If, for the purpose of obtaining a judgment in any court, it is necessary to convert a sum due to the Line of Credit
Lender in any currency (the “Original Currency”) into another currency (the “Other Currency”),
the Parties agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which, in accordance
with normal banking procedures, the Line of Credit Lender may purchase the Original Currency with the Other Currency on the Business
Day preceding the day on which the final judgment is given or, if permitted by Applicable Law, on the day on which the judgment is paid
or satisfied. (ii) The obligations of the Borrower in respect of any sum due in the Original Currency from it to the Line of Credit Lender
under any of the Line of Credit Documents shall, notwithstanding any judgment in any Other Currency, be discharged only to the extent
that on the Business Day following receipt by the Line of Credit Lender of any sum adjudged to be so due in the Other Currency, the Line
of Credit Lender may, in accordance with normal banking procedures, purchase the Original Currency with the Other Currency. If the amount
of the Original Currency so purchased is less than the sum originally due to the Line of Credit Lender in the Original Currency, the
Borrower agrees, as a separate obligation and notwithstanding the judgment, to indemnify the Line of Credit Lender against any loss and,
if the amount of the Original Currency so purchased exceeds the sum originally due to the Line of Credit Lender in the Original Currency,
the Line of Credit Lender shall remit such excess to the Borrower.

 

(e) Conversion.
The Holder of this Note shall have the right and option at any time or from time to time to convert all or any portion of the outstanding
Principal Amount of this Note and all accrued and unpaid interest hereon into Class B Common Shares of HollyWeed (the “Conversion
Shares”) at a conversion price of twelve cents ($0.12) per share (the “Conversion Price”) and each such
conversion is deemed an “Optional Conversion”. In addition, upon consummation of a HollyWeed IPO and listing of the
HollyWeed Class B Common Shares on an Approved Securities Market, all and not less than all of the outstanding Principal Amount of this
Note, together with all interest accrued hereon shall automatically and without any further action on the part of the Holder be converted
into Conversion Shares or shares of common stock or common shares of any successor-in-interest to HollyWeed at the Conversion Price then
in effect (a “Mandatory Conversion”). The Holder of this Note, shall effect an Optional Conversion upon issuance of
a conversion notice in the form of Exhibit A annexed hereto. If the Holder shall timely elect to convert such conversion right,
and if, for any reason, the Company shall not timely issue the applicable number of Conversion Shares to the Holder, in addition to any
rights and remedies at law, the Holder shall have the absolute right to obtain specific performance of the obligations set forth in this
paragraph from any court of competent jurisdiction in the United States or Canada. In the event of any forward or reverse split of the
outstanding HollyWeed Common Shares, the Conversion Price then in effect shall be appropriately and equitably adjusted, as provided in
Section (n) of this Note.

 

    Exhibit 1- 3

     

    

 

(f) Events
of Default. An Event of Default (as defined in the Line of Credit Agreement) shall, for all purposes, be deemed to be an Event of
Default under this Note. Upon the occurrence and during the continuation of any Event of Default, at the Holder’s discretion, the
Holder may exercise such rights and take the following actions to: (i) accelerate all Obligations owed by the Borrowers and declare all
outstanding Obligations then owing by the Borrowers to be immediately due and payable; or (ii) exercise Holder’s rights with respect
to the Collateral under the Security Agreement. No remedy conferred upon or reserved to the Holder under this Note shall be exclusive
of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other
remedy given under this Note, the Line of Credit Agreement, any other Transaction Document or now or hereafter existing at law or in
equity or by statute or any other provision of law. No delay or failure to exercise any right or power accruing upon any Event of Default
shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised from
time to time and as often as may be deemed expedient.

 

(g) This
Note is intended to be governed by the laws of the Province of British Columbia and subject to such venue or forum selection as set forth
in the Line of Credit Agreement.

 

(h) It
is agreed that time is of the essence in the performance of this Note. Upon the occurrence and during the continuation of an Event of
Default under this Note that is not cured within the applicable cure period, if any, the Holder shall have the right and option to declare,
without notice, all the remaining indebtedness of unpaid principal and interest evidenced by this Note immediately due and payable.

 

(i) If
this Note is placed in the hands of a lawyer or an attorney for collection, by suit or otherwise or to enforce its collection, the Borrower
shall pay all reasonable costs of collection including reasonable outside lawyers’ and attorneys’ fees.

 

(j) The
Borrowers hereby waive diligence, presentment, demand, protest, notice of intent to accelerate, notice of acceleration, and any other
notice of any kind. No delay or omission on the part of the Holder in exercising any right hereunder shall operate as a waiver of such
right or of any other remedy under this Note. A waiver on any one occasion shall not be construed as a bar to or waiver of any such right
or remedy on a future occasion. The Borrowers hereby further waive any rights to designate how payments will be applied, and acknowledge
and agree that Holder shall have the right in its sole discretion to determine the order and method of the application of payments on
this Note.

 

(k) The
obligation of Borrowers to pay the applicable Obligations under this Note is absolute and unconditional, and there exists no Borrower
right of set off, recoupment, counterclaim or defense of any nature whatsoever to payment of this Note.

 

(l)
The obligations of each Borrower under this Note and the Line of Credit Agreement are secured by a Lien on all of the assets of each
Borrower pursuant to a Security Agreement between the Line of Credit Lender, as secured party, and each Borrower, as debtors, in the
form of an Exhibit to the Line of Credit Agreement (the “Security Agreement”).

 

    Exhibit 1- 4

     

    

 

(m) All
agreements between the Holder and the Borrowers are hereby expressly limited so that in no contingency or event whatsoever, whether by
reason of acceleration of maturity of the indebtedness evidenced hereby or otherwise, shall the amount paid or agreed to be paid to the
Holder for the use, forbearance, loaning or detention of the indebtedness evidenced hereby exceed the maximum amount permissible under
applicable law.

 

(n) Adjustments
upon Certain Transactions.

 

(i) The
Conversion Price and the number of Conversion Shares issuable upon conversion of this Note shall be adjusted in the event the Company
(i) pays a dividend or makes any other distribution with respect to any of its Common Shares solely in Common Shares, (ii) subdivides
its outstanding Common Shares, or (iii) combines its outstanding Common Shares into a smaller number of shares. In such event, the number
of Conversion Shares issuable upon conversion of this Note immediately prior to the record date of such dividend or distribution or the
effective date of such subdivision or combination shall be adjusted so that the Holder of this Note shall thereafter be entitled to receive
the number of Conversion Shares that such Holder would have owned or have been entitled to receive after the happening of any of the
events described above, had this Note been converted immediately prior to the happening of such event or any record date with respect
hereto.

 

In
addition, upon an adjustment pursuant to this subsection (n), the Conversion Price for each of the Conversion Shares payable upon exercise
of this Note shall be adjusted (without rounding) so that it shall equal the product of the Conversion Price immediately prior to such
adjustment multiplied by a fraction, the numerator of which shall be the number of Conversion Shares issuable upon the conversion of
this Note immediately prior to such adjustment, and the denominator of which shall be the number of Conversion Shares so issuable immediately
thereafter. Such adjustment shall become effective immediately after the effective date of such event retroactive to the record date,
if any, for such event.

 

For
avoidance of doubt, the adjustment contemplated by this section can be expressed by formula as follows:

 

Ub
= Conversion Shares underlying this Note before the adjustment

Ua
= Conversion Shares underlying this Note after the adjustment

Pb
= conversion price per share before the adjustment

Pa
= conversion price per share after the adjustment

Ob
= shares outstanding before the transaction in question

Oa
= shares outstanding after the transaction in question

Ua
= Ub x Oa / Ob

Pa
= Pb x Ob / Oa

 

    Exhibit 1- 5

     

    

 

(ii) If
the Company shall fix a record date for the payment of a dividend or the making of a distribution with respect to any of its Common Shares,
(other than one covered by subsection (n)), then the Conversion Price to be in effect after the record date for such dividend or distribution
shall be determined (without rounding) by multiplying (x) the Conversion Price in effect immediately prior to such record date by (y)
a fraction, the numerator of which shall be the Fair Market Value per share of Common Shares as of the last Business Day (or, if the
Common Shares is then traded on a Recognized Securities Market (any one of the Nasdaq, the New York Stock Exchange, the NYSE:American
Exchange, the OTC Markets (including the OTCQX platform), the Canadian Securities Exchange, the Toronto Stock Exchange, the TSX Venture
Exchange or any other United States or foreign stock exchange that constitutes the principal securities exchange on which the Common
Shares is then traded), the last trading day) before the ex-date less the Fair Market Value of the cash, securities (excluding Common
Shares that is the same class of securities for which this Note would be exercisable immediately after such distribution or dividend
taking into account the adjustments pursuant to this subsection (n)) or other property paid per share in such dividend or distribution,
and the denominator of which shall be the Fair Market Value per share of Common Shares as of the last Business Day (or, if the Common
Shares is then traded on a Recognized Securities Market, the last trading day) before the ex-date. Upon any adjustment of the Conversion
Price pursuant to subsection n(ii), the total number of Common Shares purchasable upon the conversion of this Note shall be such number
of shares (calculated to the nearest thousandth) purchasable immediately prior to such adjustment multiplied by a fraction, the numerator
of which shall be the Conversion Price in effect immediately before such adjustment and the denominator of which shall be the Conversion
Price in effect immediately after such adjustment.

 

For
avoidance of doubt, the adjustment contemplated by subsection (n)(ii) can be expressed by formula as follows:

 

Ub
= Conversion Shares underlying this Note before the adjustment

Ua
= Conversion Shares underlying this Note after the adjustment

Pb
= conversion price per share before the adjustment

Pa
= conversion price per share after the adjustment

M
= Fair Market Value per share of Common Shares as of the last Business Day (or, if applicable, trading day) before ex-date

D
= Fair Market Value of the dividend or distribution made per share of Common Shares

Ua
= Ub x M / (M - D) Pa = Pb x (M - D) / Ms

 

For
the purposes hereof, “Fair Market Value” means (x) in the case of Common Shares means the amount which a willing buyer
would pay a willing seller in an arm’s-length transaction for one share of such Common Shares, as determined by the Board in good
faith, provided that if the Common Shares are then traded on a Recognized Securities Market, it shall mean the closing sale price of
such security (or, if no closing sale price is reported, the average of the closing bid and ask prices or, if more than one in either
case, the average of the average closing bid and the average closing ask prices) on such date as reported in composite transactions on
the Recognized Securities Market on which the Common Shares are then traded; (y) in the case of cash, the amount thereof; and (z) in
the case of other property, the amount which a willing buyer would pay a willing seller in an arm’s-length transaction for such
property, as determined by the Board in good faith.

 

    Exhibit 1- 6

     

    

 

(iii) If
a publicly-announced tender offer or issuer bid made by the Company or any of its subsidiaries for all or any portion of the Common Shares
shall expire and tendering holders of Common Shares is paid aggregate consideration having a Fair Market Value when paid which exceeds
the aggregate Fair Market Value of the Common Shares acquired in such tender offer as of the last Business Day, or, if applicable, trading
day before the date on which such tender offer is first publicly announced (such excess, the “Excess Tender Amount”),
then the Conversion Price to be in effect after the tender offer expires shall be determined (without rounding) by multiplying (x) the
Conversion Price in effect immediately prior to such adjustment by (y) a fraction, the numerator of which shall be the Fair Market Value
per share of the Common Shares as of the last trading day before the date on which such tender offer is first publicly announced less
the Premium Per Pro Forma Share, and the denominator of which shall be the Fair Market Value per share of Common Shares as of the last
Business Day, or, if applicable, trading day before the date on which such tender offer is first publicly announced. As used herein,
“Premium Per Pro Forma Share” means (x) the Excess Tender Amount divided by (y) the number of Common Shares outstanding at
expiration of the tender offer after giving pro forma effect to the purchase of shares in the tender offer. Upon any adjustment of the
Conversion Price pursuant to this subsection (n)(iii), the total number of Conversion Shares purchasable upon the conversion of this
Note shall be such number of Conversion Shares (calculated to the nearest thousandth) purchasable immediately prior to such adjustment
multiplied by a fraction, the numerator of which shall be the Conversion Price in effect immediately before such adjustment and the denominator
of which shall be the Conversion Price in effect immediately after such adjustment. For avoidance of doubt, the adjustment contemplated
by this section can be expressed by formula as follows:

 

Ub
= Conversion Shares underlying this Note before the adjustment

Ua
= Conversion Shares underlying this Note after the adjustment

Pb
= conversion price per share before the adjustment

Pa
= conversion price per share after the adjustment

M
= Fair Market Value per share of Common Shares as of the last Business Day (or, if applicable, trading day) before the tender offer is
announced

E
= Excess Tender Amount (the aggregate premium paid in the tender offer)

Pr
= Premium Per Pro Forma Share

Oa
= Shares outstanding after giving effect to tender offer

Pr
= E / Oa

Ua
= Ub x M / (M - Pr) Pa = Pb x (M - Pr) / M

 

    Exhibit 1- 7

     

    

 

(iv) If
any consolidation, merger, amalgamation, arrangement or similar extraordinary transaction of the Company with another entity, or the
sale of all or substantially all of its assets, or any recapitalization or reclassification of the Common Shares, shall be effected (a
“Reorganization Event”), and in connection with such Reorganization Event, the Conversion Shares shall be converted
into or exchanged for or become the right to receive cash, securities or other property, then, as a condition of such Reorganization
Event, lawful and adequate provisions shall be made by the Company whereby the Holder of this Note shall thereafter have the right to
purchase and receive on conversion of this Note, for an aggregate price equal to the aggregate Conversion Price for all of the Conversion
Shares underlying this Note as in effect immediately before such transaction (subject to adjustment thereafter as contemplated by the
succeeding sentence), the same kind and amount of cash, securities or other property as it would have had the right to receive if it
had converted this Note immediately before such transaction and been entitled to participate therein. In the event of any such Reorganization
Event, the Company shall make appropriate provision to ensure that applicable provisions of this Note (including, without limitation,
the provisions of this subsection (n)) shall thereafter be binding on the other party to such transaction (or the successor in such transaction)
and applicable to any securities thereafter deliverable upon the conversion of this Note. The Company will not effect any such Reorganization
Event unless, prior to the consummation thereof, the successor entity (if other than the Company) resulting from such Reorganization
Event or the entity purchasing such assets shall assume by written instrument reasonably satisfactory in form and substance to the Holder
of this Note, executed and mailed or delivered to the Holder at the last address of such Holder appearing on the books of the Company,
the obligation to deliver the cash, securities or property deliverable upon conversion of this Note. The Company shall notify the Holder
of this Note of any such proposed Reorganization Event reasonably prior to the consummation thereof so as to provide such Holder with
a reasonable opportunity prior to such consummation to conversion of this Note in accordance with the terms and conditions hereof; provided,
however, that in the case of a transaction which requires notice to be given to the holders of Common Shares of the Company, the Holder
of this Note shall be provided the same notice given to the holders of other Common Shares of the Company.

 

THE
HOLDER AND THE BORROWERS IRREVOCABLY WAIVE ALL RIGHT TO A TRIAL BY JURY IN ANY PROCEEDING HEREAFTER INSTITUTED BY OR AGAINST HOLDER OR
BORROWERS IN RESPECT OF THIS NOTE OR ARISING OUT OF ANY DOCUMENT, INSTRUMENT OR AGREEMENT EVIDENCING, GOVERNING OR SECURING THIS NOTE.
THE BORROWERS EACH ACKNOWLEDGE THAT THE INDEBTEDNESS EVIDENCED BY THIS NOTE IS PART OF A COMMERCIAL TRANSACTION.

 

**************************

 

IN
WITNESS WHEREOF, this Note has been executed by each of the Borrowers as of the day and year first set forth above.

 

	 	HollyWeed
North Cannabis, Inc.

    

	 	 
	 	By:	              
	 	Name:	 
	 	Title:	 

 

	 	HollyiWeed
    Manufacturing & Extracts, Inc.,
	 	 
	 	By:	               
	 	Name:	 
	 	Title:	 

 

    Exhibit 1- 8

     

    

 

	 	Terracube
    International Inc.
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 
	 	1114474
    B.C. Ltd.
	 	 
	 	By:	      
	 	Name:	 
	 	Title:	 

 

    Exhibit 1- 9

     

    

 

Exhibit
A

NOTICE OF CONVERSION

 

		To:	HOLLYWEED
NORTH CANNABIS INC. (the “Corporation”)

 

The
undersigned holder (the “Holder”) of the Convertible Secured Promissory Note issued by the Corporation, among others,
to the undersigned on November ____, 2020 (the “Note”) hereby irrevocably elects to convert $__________ of the outstanding
principal amount into Class B Common Shares of the Corporation pursuant to the terms of the Note at the Conversion Price and on the other
terms specified in the Note. The capitalized terms used but not otherwise defined herein have the meanings given in the Note.

 

The
Holder irrevocably directs that such Class B Common Shares and all the securities comprising such Class B Common Shares be issued in
the name of the Holder and be delivered to the Holder at the address set out below:

 

5953
Mabel Rd,

Unit
#138,

Las Vegas, NV 89110

United States

Attention: Israel Maxx Abramowitz

 

Dated
the _____ day of _________, 20____

 

	ORIGO BC HOLDINGS LTD.	 
	 	 	 
	By:	 	 
	 	 
	Authorized Signing Officer	 
	Name:	 	 
	Title:	 	 

 

    Exhibit 1- 10

     

    

 

Exhibit
2

 

Security
Agreement

 

 

    Exhibit 2 - 1

    

    

 

Execution
Copy

 

GENERAL
SECURITY AGREEMENT

 

DATED
for reference this 5th day of November, 2020

 

1.
HOLLYWEED NORTH CANNABIS INC., HOLLYWEED MANUFACTURING & EXTRACTS INC., TERRACUBE INTERNATIONAL INC. AND 1114474 B.C. LTD.
(collectively, the “Debtor”), having a chief executive office at 3974 Lexington Avenue, Victoria, BC V8N 3Z6 as
continuing security for the repayment and the performance of each of the Obligations (as defined herein) grants to ORIGO BC HOLDINGS
LTD. (“Origo”), and its participating lenders (together with Origo, the “Secured Party”) having offices at
5953 Mabel Rd, Unit #138, Las Vegas, NV 89110, United States, a continuing, specific and fixed assignment, transfer, mortgage,
charge and security interest in all of the Debtor’s present and after-acquired personal property except any consumer goods,
but specifically including all of the Debtors’ present and after-acquired Accounts, Money, Chattel Paper, Goods (other than
consumer goods), Intangibles, Inventory, Documents of Title, Instruments, Securities, Investment Property, Crops and Licences, and
all Proceeds therefrom.

 

2. Floating
Charge. As continuing security for the repayment and the performance of each of the Obligations (as defined herein), the Debtor grants
a floating charge to the Secured Party on all the Debtor’s interest in personal, real, immovable and leasehold property, including
without limitation, all fixtures, crops and improvements, both present and future, other than such as are validly and effectively charged
under Section 1 or excluded under Section 4.

 

3. Attachment.
The Debtor acknowledges that value has been given. The security interests created hereby are intended to attach, as to all of the
Collateral in which the Debtor has an interest, forthwith when the Debtor executes this Security Agreement, and, as to all Collateral
in which the Debtor acquires any right or interest after the execution of this Security Agreement, when the Debtor acquires such right
or interest.

 

4. Exceptions
- Leases. The last day of any term reserved by any lease, verbal or written, or any agreement therefor, now held or hereafter acquired
by the Debtor is hereby excepted out of the security interests created hereby. The Debtor shall assign and dispose of such last day of
any term reserved by any such lease in such manner as the Secured Party may from time to time direct in writing. Upon any sale, assignment,
sublease or other disposition of such lease or agreement to lease, the Secured Party shall, for the purpose of vesting the aforesaid
residue of any such term in any purchaser, assignee, sublessee or such other acquirer of the lease, agreement to lease or any interest
therein, be entitled by deed or other written instrument to assign to such other person, the aforesaid residue of any such term in place
of the Debtor and to vest the same freed and discharged from any obligation whatsoever respecting the same.

 

5. Where
Consent Required. Nothing herein shall constitute an assignment or attempted assignment of any right, privilege, benefit, contract,
permit, policy or other document or instrument which by the provisions thereof or by law is not assignable or which requires the consent
of any third party to its assignment unless and until such consent is obtained or is waived by the third party. In each such case the
Debtor shall, unless the Secured Party otherwise agrees in writing, forthwith obtain the consent of any necessary third party to its
assignment hereby and for its further assignment by the Secured Party to any third party who may acquire same as a result of the Secured
Party’s exercise of remedies after an Event of Default. Upon such consents being obtained or waived, this Security Agreement shall
apply thereto without regard to this Section 5 and without the necessity of any further assurance to effect the assignment thereof.

 

    Exhibit 2 - 2

     

    

 

6. Pending
Consent. In any case to which Section 5 applies, unless and until consent to assignment is obtained as therein provided, the Debtor
shall, to the extent it may do so by law or pursuant to the provisions of the document or interest therein referred to, hold all benefit
to be derived therefrom in trust for the Secured Party as additional security for performance of the Obligations and shall deliver up
all such benefit to the Secured Party forthwith upon demand by the Secured Party.

 

7. Collateral.
The property, assets, rights and undertaking charged hereunder, including all of such Accessions, Accounts, Chattel Paper, Documents
of Title, Goods, Instruments, Intangibles, Inventory, Money, Proceeds, Investment Property and Securities together with all increases,
additions, improvements and accessions thereto, and all substitutions or any replacements thereof are, unless otherwise specified, herein
referred to as the “Collateral”.

 

8. Defined
Terms. Unless the context otherwise requires or unless otherwise specified, all the terms used herein with or without initial capitals
which are defined in the Personal Property Security Act (British Columbia) or the regulations thereunder, as they may be amended,
restated or replaced by successor legislation of comparable effect (collectively, the “PPSA”), have the same meaning
herein as in the PPSA.

 

9. Obligations
Secured. The Collateral constitutes and will constitute continuing security for all present and future obligations (collectively,
the “Obligations”) of the Debtor to the Secured Party.

 

10. Change
of Name. The Debtor agrees not to change its name or any name under which it carries on business without giving to the Secured Party
20 day’s prior written notice of the change.

 

11. Disclosure.
The Debtor agrees to deliver to the Secured Party upon request such information concerning the Collateral, the Debtor and the Debtor’s
business and affairs as the Secured Party may request.

 

12. Proceeds
in Trust. The Debtor will and shall be deemed to hold all Proceeds in trust, separate and apart from other Money, Instruments or
property, for the benefit of the Secured Party until all amounts owing by the Debtor to the Secured Party have been paid in full.

 

13. Collection
of Accounts. After default under this Security Agreement, the Secured Party may notify and direct any party (“Account Customer”)
obligated to pay under any Account, Chattel paper or Instrument constituting Collateral to make all payments whatever to the Secured
Party. The Secured Party may hold all amounts acquired from any Account Customers and any Proceeds as part of the Collateral. Any payments
received by the Debtor whether before or after notification to Account Customers, shall be held by the Debtor in trust for the Secured
Party in the same medium in which received, shall not be commingled with any assets of the Debtor and shall be turned over to the Secured
Party not later than the next business day following the day of their receipt.

 

    Exhibit 2 - 3

     

    

 

14. Default.
The Debtor shall be in default under this Security Agreement upon the occurrence of any of the following events (“Events
of Default”):

 

		(a)	Performance
                                            of Obligations. The Debtor defaults in the payment or performance of any of the Obligations;

 

		(b)	Breach
                                            of Agreement. The Debtor breaches any term, provision, warranty, representation or covenant
                                            under this Security Agreement, the Line of Credit Agreement of even date between the Debtor
                                            and the Secured Party, among others (the “Line of Credit Agreement”),
                                            the Converitible Secured Promissory Note of even date between the Debtor and the Secured
                                            Party, among others (the “Promissory Note”) or the Warrant as defined
                                            in the Line of Credit Note;

 

		(c)	Guarantor
                                            or Indemnitor Default. Any person who from time to time guarantees, assumes or otherwise
                                            becomes liable for the Obligations or who covenants and agrees to indemnify the Secured Party
                                            for any loss, costs or damages as a result of the Debtor’s failure to perform the Obligations
                                            (the “Guarantor/Indemnitor”), commits a breach of, or fails to observe
                                            or perform, any covenant, representation or warranty in favour of the Secured Party;

 

		(d)	Cease
                                            to Carry on Business. The Debtor or Guarantor/Indemnitor ceases or threatens to cease
                                            to carry on business;

 

		(e)	Bankruptcy,
                                            Insolvency. The dissolution, termination of existence, insolvency, bankruptcy or business
                                            failure of the Debtor or Guarantor/Indemnitor, or upon the appointment of a receiver, receiver-manager
                                            or receiver and manager of any part of the property of the Debtor or Guarantor/Indemnitor,
                                            or the commencement by or against the Debtor or Guarantor/Indemnitor of any proceeding under
                                            any bankruptcy, arrangement, reorganization, dissolution, liquidation, insolvency or similar
                                            law for the relief of or otherwise affecting creditors of the Debtor or Guarantor/Indemnitor,
                                            or by or against any guarantor or surety for the Debtor or Guarantor/ Indemnitor, or upon
                                            the issue of any writ of execution, warrant, attachment, sequestration, levy, third party
                                            demand, notice of intention to enforce security or garnishment or similar process against
                                            the Debtor, Guarantor/Indemnitor or any part of the Collateral;

 

		(f)	Dissolution,
                                            Winding Up.The institution by or against the Debtor or

                                            Guarantor/Indemnitor of any formal or informal proceeding for the dissolution or liquidation
                                            of, settlement of claims against or winding up of affairs of the Debtor or Guarantor/Indemnitor;

 

		(g)	Enforcement
                                            of Charge Against Collateral. If any right of distress is levied or is threatened to
                                            be levied against the Collateral or if any encumbrance affecting the Collateral becomes enforceable
                                            against the Collateral or any part thereof and such distress or encumbrance is not remedied
                                            within 14 days;

 

    Exhibit 2 - 4

     

    

 

		(h)	Transfer
                                            of Collateral. Any Collateral is transferred or sold without the Secured Party’s
                                            prior written consent;

 

		(i)	Destruction
                                            of Collateral. Any material portion of the Collateral is damaged or destroyed; and

 

		(j)	Other
                                            Default. Either Debtor or any Guarantor/Indemnitor defaults under any agreement with
                                            respect to any indebtedness or other obligation to any person other than the Secured Party,
                                            if such default has resulted in, or may result, with notice or lapse of time or both, in,
                                            the acceleration of any such indebtedness or obligation or the right of such person to realize
                                            upon any Collateral.

 

15. Crystallization.
The floating charge created by Section 2 shall become a fixed charge as soon as:

 

		(a)	the
                                            Secured Party gives notice to that effect to the Debtor;

 

		(b)	the
                                            Secured Party takes any step to accelerate or demand payment of the Obligations, or gives
                                            notice of its intention or takes any steps to enforce its security; or

 

		(c)	an
                                            Event of Default described in Subsection 14 (e) or (g) occurs in respect of the Debtor.

 

16. Secured
Party’s Remedies on Default. Upon the occurrence of an Event of Default all of the Obligations shall become immediately due
and payable without notice to the Debtor, and the Secured Party may, at its option, proceed to enforce payment of same and to exercise
any or all of the rights and remedies contained herein, including, without limitation, the signification and collection of any debts,
accounts, claims or monies owed to the Debtor or otherwise afforded by law, in equity or otherwise. The Secured Party shall have the
right to enforce one or more remedies successively or concurrently in accordance with applicable law and the Secured Party expressly
retains all rights and remedies not inconsistent with the provisions herein including all the rights it may have under the PPSA, and,
without restricting the generality of the foregoing, the Secured Party may upon such Event of Default:

 

		(a)	Appointment
                                            of Receiver. Appoint by instrument in writing a receiver, receiver-manager or receiver
                                            and manager (herein a “Receiver”) of the Debtor and of all or any part
                                            of the Collateral and remove or replace such Receiver from time to time or may institute
                                            proceedings in any court of competent jurisdiction for the appointment of a Receiver. Any
                                            Receiver appointed by the Secured Party so far as concerns responsibility for its acts shall
                                            be deemed the agent of the Debtor and not of the Secured Party. Where the Secured Party is
                                            referred to in this Section the reference includes, where the context permits, any Receiver
                                            so appointed and the officers, employees, servants or agents of such Receiver;

 

		(b)	Enter
                                            and Repossess. Immediately and without notice enter the Debtor’s premises and repossess,
                                            disable or remove the Collateral and the Debtor hereby grants to the Secured Party a licence
                                            to occupy any premises of the Debtor for the purpose of storage of the Collateral;

 

    Exhibit 2 - 5

     

    

 

		(c)	Retain
                                            the Collateral. Retain and administer the Collateral in the Secured Party’s sole
                                            and unfettered discretion, which the Debtor hereby acknowledges is commercially reasonable;

 

		(d)	Dispose
                                            of the Collateral. Dispose of any Collateral by public auction, private tender or private
                                            contract with or without notice, advertising or any other formality, all of which are hereby
                                            waived by the Debtor. The Secured Party may, at its discretion establish the terms of such
                                            disposition, including, without limitation, terms and conditions as to credit, upset, reserve
                                            bid or price. The Secured Party may also lease the Collateral on such terms as it deems appropriate.
                                            The payments for Collateral, whether on a disposition or lease, may be deferred. All payments
                                            made pursuant to such dispositions shall be credited against the Obligations only as they
                                            are actually received. The Secured Party may buy in, rescind or vary any contract for the
                                            disposition of any Collateral and may dispose of any Collateral again without being answerable
                                            for any loss occasioned thereby. Any such disposition may take place whether or not the Secured
                                            Party has taken possession of the Collateral;

 

		(e)	Foreclose.
                                            Foreclose upon the Collateral in satisfaction of the Obligations. The Secured Party may designate
                                            any part of the Obligations to be satisfied by the foreclosure of particular Collateral which
                                            the Secured Party considers to have a net realizable value approximating the amount of the
                                            designated part of the Obligations, in which case only the designated part of the Obligations
                                            shall be deemed to be satisfied by the foreclosure of the particular Collateral;

 

		(f)	Carry
                                            on Business. Carry on or concur in the carrying on of all or any part of the business
                                            of the Debtor and may, in any event, to the exclusion of all others, including the Debtor,
                                            enter upon, occupy and use all premises of or occupied or used by the Debtor and use any
                                            of the personal property (which shall include fixtures) of the Debtor for such time and such
                                            purposes as the Secured Party sees fit. The Secured Party shall not be liable to the Debtor
                                            for any neglect in so doing or in respect of any rent, costs, charges, depreciation or damages
                                            in connection therewith;

 

		(g)	Payment
                                            of Encumbrances. Pay any Encumbrance that may exist or be threatened against the Collateral.
                                            In any such case the amounts so paid together with costs, charges and expenses incurred in
                                            connection therewith shall be added to the Obligations secured by this Security Agreement;

 

		(h)	Payment
                                            of Deficiency. If the Proceeds of realization are insufficient to pay all monetary Obligations,
                                            the Debtor shall forthwith pay or cause to be paid to the Secured Party any deficiency and
                                            the Secured Party may sue the Debtor to collect the amount of such deficiency; and

 

		(i)	Dealing
                                            with Collateral. Subject to applicable law seize, collect, realize, borrow money on the
                                            security of, release to third parties, sell (by way of public or private sale), lease or
                                            otherwise deal with the Collateral in such manner, upon such terms and conditions, at such
                                            time or times and place or places and for such consideration as may seem to the Secured Party
                                            advisable and without notice to the Debtor. The Secured Party may charge on its own behalf
                                            and pay to others sums for expenses incurred and for services rendered (expressly including
                                            legal services, consulting, receivers and accounting fees) in or in connection with seizing,
                                            collecting, realizing, borrowing on the security of, selling or obtaining payment of the
                                            Collateral and may add such sums to the Obligations secured by this Security Agreement.

 

    Exhibit 2 - 6

     

    

 

17. Secured
Party Not Liable for Failure to Exercise Remedies. The Secured Party shall not be liable or accountable for any failure to exercise
any of its remedies.

 

18. Allocation
of Proceeds. All monies collected or received by the Secured Party in respect of the Collateral may be held by the Secured Party
and may be applied on account of such parts of the Obligations at the sole discretion of the Secured Party.

 

19. Extension
of Time. The Secured Party may grant extensions of time and other indulgences, take and give up securities, accept compositions,
grant releases and discharges, release the Collateral to third parties and otherwise deal with the Debtor’s guarantors or sureties
and others and with the Collateral and other securities as the Secured Party may see fit without prejudice to the Obligations, or the
Secured Party’s rights, remedies and powers under this Security Agreement. No extension of time, forbearance, indulgence or other
accommodation now, heretofore or hereafter given by the Secured Party to the Debtor shall operate as a waiver, alteration or amendment
of the rights of the Secured Party or otherwise preclude the Secured Party from enforcing such rights.

 

20. Effect
of Appointment of Receiver. As soon as the Secured Party takes possession of any Collateral or appoints a receiver (the “Receiver”),
all powers, functions, rights and privileges of the directors and officers of the Debtor with respect to that Collateral shall cease,
unless specifically continued by the written consent of the Secured Party or the Receiver.

 

21. Limitation
of Liability. The Secured Party shall not be liable by reason of any entry into or taking possession of any of the Collateral hereby
charged or intended so to be or any part thereof, to account as mortgagee in possession or for anything except actual receipts or be
liable for any loss on realization or any act or omission for which a secured party in possession might be liable.

 

22. Release
by Debtor. The Debtor hereby releases and discharges the Secured Party and the Receiver from every claim of every nature which may
arise or be caused to the Debtor or any person claiming through or under the Debtor by reason or as a result of anything done by the
Secured Party or any successor or assign claiming through or under the Secured Party or the Receiver under the provisions of this Security
Agreement unless such claim be the result of dishonesty or gross neglect.

 

    Exhibit 2 - 7

     

    

 

23. Costs.
The Debtor will reimburse the Secured Party on demand for all interest, commissions, costs of realization and other costs and expenses
(including the full amount of all legal fees and expenses paid by the Secured Party) incurred by the Secured Party or any Receiver in
connection with the perpetual registration of any financing statement registered in connection with the security interests hereby created,
the preparation, execution, perfection, protection, enforcement of and advice with respect to this Security Agreement, the realization,
disposition of, retention, protection, insuring or collection of any Collateral, the protection or enforcement of the rights, remedies
and powers of the Secured Party or any Receiver, any costs incurred in complying with control orders and clean-up orders or liabilities
to third parties arising out of the Debtor’s activities or while enforcing the Secured Party’s security, and the inspection
of, and investigation of title to, the Collateral. All amounts for which the Debtor is required hereunder to reimburse the Secured Party
or any Receiver shall, from the date of disbursement until the date the Secured Party or the Receiver receives reimbursement, bear interest
at the highest rate per annum charged by the Secured Party on any of the Obligations.

 

24. Security
in Addition and not in Substitution, Remedies Cumulative. The rights, remedies and powers conferred by this Security Agreement are
in addition to, and not in substitution for, any other rights, remedies or powers the Secured Party may have under this Security Agreement,
at law, in equity or by or under the PPSA or any other statute.

 

25. Statutory
Waivers. To the fullest extent permitted by law, the Debtor waives all of the rights, benefits and protection given by the provisions
of any existing or future statute which imposes limitations upon the rights, remedies or powers of the Secured Party or upon the methods
of realization of security, including any seize or sue or anti-deficiency statute or any similar provisions of any other statute.

 

26. Further
Assurances. The Debtor shall at all times, do, execute, acknowledge and deliver or cause to be done, executed, acknowledged or delivered
all such further acts, deeds, transfers, assignments, security agreements and assurances as the Secured Party may reasonably require
in order to give effect to the provisions hereof and for the better granting, transferring, assigning, charging, setting over, assuring,
confirming or perfecting the security interests hereby created and the priority accorded to them by law or under this Security Agreement.

 

27. Acknowledgement.
The Debtor hereby acknowledges receiving a copy of this Security Agreement.

 

28. Entire
Agreement. This Security Agreement constitute the entire agreement between the Debtor and the Secured Party in respect of the subject
matter hereof and supersede any prior agreements, undertakings, declarations, representations and understandings, both written and verbal,
in respect of the subject matter hereof. Any amendment of this Security Agreement shall not be binding unless in writing and signed by
the Secured Party and the Debtor.

 

29. Severability.
Any provision of this Security Agreement prohibited by law or otherwise ineffective shall be ineffective only to the extent of such
prohibition or ineffectiveness and shall be severable without invalidating or otherwise affecting the remaining provisions hereof.

 

    Exhibit 2 - 8

     

    

 

30. Joint
and Several Liability. If more than one person executes this Security Agreement, their obligations hereunder shall be joint and several.

 

31. Included
Words. Wherever the singular or the masculine are used herein, the same shall be deemed to include the plural or the feminine or
the body politic or corporate where the context or the parties so require.

 

32. Time
is of the Essence. Time shall in all aspects be of the essence in this Security Agreement and no exception or variation of this Security
Agreement or any Obligation hereunder shall operate as a waiver of this provision.

 

33. Governing
Law and Attornment. This Security Agreement shall be construed and enforceable under and in accordance with the laws of British Columbia.

 

34. Successors
and Assigns. This Security Agreement shall be binding on the Debtor, and the Debtor’s successors and assigns and enure to the
benefit of the Secured Party and the successors and assigns of the Secured Party.

 

35. Consent
and Waiver. The Debtor consents to the Secured Party filing such financing statements with respect to this Security Agreement in
such jurisdictions as the Secured Party deems appropriate or advisable, and the Debtor waives all rights to receive from Secured Party
a copy of any financing statement, financing change statement or verification statement filed at any time in respect of this Security
Agreement.

 

[signature
page follows]
 

    Exhibit 2 - 9

     

    

 

IN
WITNESS WHEREOF the Debtor has executed this Security Agreement on the 5th day of November, 2020.

 

	HOLLYWEED
NORTH CANNABIS INC.

by its authorized signatory:
	 
	 	 
	Name: 	Renee Gagnon	 
	Title:	President & Director	 
	 	 
	HOLLYWEED
                                            MANUFACTURING & EXTRACTS INC.

    by
    its authorized signatory:
	 
	 	 
	Name:	Renee Gagnon	 
	Title:	Director	 
	 	 
	TERRACUBE
                                            INTERNATIONAL, INC.

    by
    its authorized signatory:
	 
	 	 
	Name:	Renee Gagnon	 
	Title:	President  & Director	 
	 	 
	1114474
    B.C. LTD.

    by its authorized signatory:	 
	 	 
	Name:	Renee Gagnon	 
	Title:	President & Director	 

    Exhibit 2 - 10

     

    

 

Exhibit
3

Warrant

 

    Exhibit 3 - 1

     

    

 

THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“U.S. Securities Act”) OR ANY APPLICABLE STATE SECURITIES LAWS. THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES
FOR THE BENEFIT OF THE CORPORATION THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY,
ONLY (A) TO THE CORPORATION, (B) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE U.S. Securities Act
AND IN COMPLIANCE WITH LOCAL LAWS AND REGULATIONS, (C) IN COMPLIANCE WITH THE EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT
PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES OR “BLUE SKY” LAWS,
OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAWS, AND,
IN THE CASE OF SUBPARAGRAPH (C) OR (D), THE SELLER FURNISHES TO THE CORPORATION AN OPINION OF COUNSEL OF RECOGNIZED STANDING OR SUCH
OTHER EVIDENCE AS THE CORPORATION MAY REQUIRE IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE CORPORATION TO SUCH EFFECT. DELIVERY
OF THIS CERTIFICATE MAY NOT CONSTITUTE “GOOD DELIVERY” IN SETTLEMENT OF TRANSACTIONS ON STOCK EXCHANGES IN CANADA.

 

WARRANT
TO PURCHASE COMMON SHARES

OF HOLLYWEED NORTH CANNABIS INC.

 

Effective
Date: As of November 5, 2020

 

This
certifies that ORIGO HOLDINGS, INC., a Delaware limited liability company (“Origo”), or registered assigns,
is the registered holder of the Warrant (this “Warrant”) represented by this Warrant Certificate (this “Warrant
Certificate”), which entitles Origo or any subsequent holder of this Warrant (each a “Holder”), subject
to the provisions contained herein, to purchase from HOLLYWEED NORTH CANNABIS INC., a corporation organized under the laws of
British Columbia (the “Company”), such number of the Class A common shares of the Company (the “Common Shares”),
as set forth in Section 2.1 herein, subject to adjustment upon the occurrence of certain events specified herein, at the Exercise Price
(as defined below), subject to adjustment upon the occurrence of certain events specified herein.

 

		1.	DEFINITIONS.

 

As
used in this Warrant, the following terms shall have the following meanings:

 

BCBCA:
the Business Corporations Act (British Columbia).

 

Board:
the board of directors of the Company.

 

Business
Day: any day that is not a day on which banking institutions are authorized or required to be closed in the jurisdiction in which
the principal office of the Company is located.

 

    Exhibit 3 - 2

     

    

 

Cashless
Exercise: the meaning set forth in Clause (1) of Section 2.4.

 

CDN,
Dollars or $: means Canadian dollars.

 

Common
Shares: the voting Class A Common Shares of the Company.

 

Company:
HollyWeed North Cannabis Inc., a corporation organized under the laws of British Columbia, Canada.

 

Company
Formation Documents: the Amended and Restated Articles of Incorporation of the Company, dated May 27, 2019, as filed under the BCBCA,
as the same may be amended from time to time.

 

Effective
Exercise Date: the meaning set forth in Section 4.

 

Effective
Issuance Price: the meaning set forth in Section 4.5.

 

Excess
Tender Amount: the meaning set forth in Section 4.3.

 

Exchange
Act: the Securities Exchange Act of 1934, as amended.

 

ex-date:
when used with respect to any issuance or distribution, means the first Business Day after the record date, provided that if the
Common Shares are then traded on a Recognized Securities Market (for the avoidance of doubt, for purposes of this Warrant and any related
agreements, including Nasdaq) it shall mean the first date on which the Common Shares trade regular way on the relevant exchange or in
the relevant market from which the Fair Market Value was obtained without the right to receive such issuance or distribution.

 

Exercise
Date: the meaning set forth in Section 2.2.

 

Exercise
Price: subject to the adjustment provisions set forth in this Warrant, shall mean CDN twelve cents (CDN$0.12) per share, subject
to the adjustment provisions hereinafter set forth.

 

Expiration
Date: the meaning set forth in Section 2.3.

 

Fair
Market Value:

 

(i) In
the case of Common Shares means the amount which a willing buyer would pay a willing seller in an arm’s-length transaction for
one share of such Common Shares, as determined by the Board in good faith, provided that if the Common Shares are then traded
on a Recognized Securities Market, it shall mean the closing sale price of such security (or, if no closing sale price is reported, the
average of the closing bid and ask prices or, if more than one in either case, the average of the average closing bid and the average
closing ask prices) on such date as reported in composite transactions on the Recognized Securities Market on which the Common Shares
are then traded.

 

(ii) In
the case of cash, the amount thereof.

 

    Exhibit 3 - 3

     

    

 

(iii) In
the case of other property, the amount which a willing buyer would pay a willing seller in an arm’s-length transaction for such
property, as determined by the Board in good faith.

 

Holder:
from time to time, the holder(s) of this Warrant.

 

Line
of Credit Note: the CDN$6,675,000 secured convertible promissory note of the Company and its subsidiaries issued to Origo.

 

Nasdaq:
the Nasdaq Stock Exchange, including the Nasdaq Capital Market.

 

Person:
any individual, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization or government
or any agency or political subdivision thereof.

 

Premium
Per Pro Forma Share: the meaning set forth in Section 4.3.

 

Recognized
Securities Market. any one of the Nasdaq, the New York Stock Exchange, the NYSE:American Exchange, the OTC Markets (including the
OTCQX platform), the Canadian Securities Exchange, the Toronto Stock Exchange, the TSX Venture Exchange or any other United States or
foreign stock exchange that constitutes the principal securities exchange on which the Common Shares is then traded.

 

Registration
Statement: a registration statement on Form F-1 (or other applicable form for registering securities under the Securities Act) as
filed by the Company with the SEC in connection with an initial public offering of the Common Shares in the United States.

 

Registrable
Securities: means the Common Shares issuable under this Warrant as well as any Common Shares issuable upon conversion of the Line
of Credit Note. Registrable Securities shall continue to be Registrable Securities (whether they continue to be held by Origo or they
are sold to other Persons) until (i) they are sold outside of the United States in accordance with any applicable Canadian securities
laws, (ii) pursuant to an effective registration statement under the Securities Act or (iii) they shall have otherwise been transferred
(including pursuant to Rule 144 under the Securities Act) and new securities not subject to transfer restrictions under any federal securities
laws and not bearing any legend restricting further transfer shall have been delivered by the Company, all applicable holding periods
shall have expired, and no other applicable and legally binding restriction on transfer by the holder thereof shall exist.

 

Reorganization
Event: the meaning set forth in Section 4.4.

 

Rights
to Purchase Securities: means options, warrants and rights issued by the Company (whether presently exercisable or not) to purchase
Common Shares that are convertible or exchangeable (whether presently convertible or exchangeable or not) into or exercisable (whether
presently exercisable or not) for Voting Securities but, for the avoidance of doubt, not including a shareholders rights plan.

 

Securities
Act: the United States Securities Act of 1933, as amended.

 

Transfer:
the meaning set forth in Section 2.5.

 

    Exhibit 3 - 4

     

    

 

Voting
Securities: means the Common Shares and any other securities of the Company having power generally to vote in the election of members
of the Board.

 

Warrant
Shares: means the Common Shares issuable or issued upon the exercise of this Warrant, consisting of seventy million, three hundred
eleven thousand, seven hundred and fifty five (70,311,755) Common Shares, subject to adjustment as provided herein.

 

		2	EXERCISE
                                            PRICE; EXERCISE OF WARRANT AND EXPIRATION OF WARRANT.

 

2.1. Exercise
Price. Subject to the terms of this Warrant, including all of the adjustment provisions hereof, the Holder hereof shall be entitled
upon exercise of this Warrant to purchase all or any portion of the Warrant Shares upon exercise the Warrant made on or prior to the
date of exercise hereof, at the Exercise Price then in effect.

 

2.2. Exercise
of Warrant. This Warrant shall be exercisable in whole or in part from time to time on any Business Day (each, an “Exercise
Date”) beginning on November 5, 2020 and ending on the Expiration Date (the “Exercise Period”), in the manner
provided for herein.

 

2.3. Expiration
of Warrants. This Warrant shall expire and the rights of the Holder of this Warrant to purchase Warrant Shares shall terminate at
the close of business on November 5, 2025 (the “Expiration Date”).

 

2.4.
 Method of Exercise; Payment of Exercise Price. In order to exercise this Warrant, the
Holder hereof must surrender this Warrant to the Company, with the form on the reverse of or attached to this Warrant duly executed.
With respect to payment of the Exercise Price, the Holder shall have two options:

 

(1) having
the Company withhold, from the total number of Warrant Shares that would otherwise be delivered to the Holder upon such exercise at the
Exercise Price, that lower number of Warrant Shares issuable upon exercise of this Warrant with an aggregate Fair Market Value as of
the last Business Day prior to such exercise equal to the in-the-money value of such Warrant Shares based upon the Exercise Price then
in effect (a “Cashless Exercise”), or

 

(2) payment
in full of the Exercise Price then in effect for the number of Warrant Shares as to which this Warrant is submitted for exercise.

 

To
the Extent that the Holder shall elect to exercise this Warrant through a Cashless Exercise, the Holder shall be entitled to receive
a certificate for the number of Warrant Shares equal to the quotient obtained by dividing the product of (A-B) and (X) by (A), where:

 

		(A)=	the
                                            closing price of the Common Shares on the Trading Day immediately preceding the date on which
                                            Holder elects to exercise this Warrant by means of a “cashless exercise,” as
                                            set forth in the applicable Notice of Exercise;

 

		(B)=	the
                                            Exercise Price of this Warrant, as adjusted hereunder; and

 

		(X)=	the
                                            number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance
                                            with the terms of this Warrant if such exercise were by means of a cash exercise rather than
                                            a cashless exercise.

 

    Exhibit 3 - 5

     

    

 

To
the extent there is a difference in the currency of the closing price of the Common Shares and the Exercise Price, herein, the closing
price of the Common Shares shall be converted into CDN using the Daily Exchange Rate of the Bank of Canada on the day prior to the applicable
Trading Day.

 

Any
such payment of the Exercise Price pursuant to clause (2) above shall be payable in cash or other same-day funds. Upon the surrender
of this Warrant following one or more partial exercises, unless this Warrant has expired, a new Warrant of the same tenor representing
the number of shares of Warrant Shares, if any, with respect to which this Warrant shall not then have been exercised, shall promptly
be issued and delivered to the Holder.

 

Upon
surrender of this Warrant in conformity with the foregoing provisions, the Company shall instruct its transfer agent to transfer to the
Holder of such Warrant appropriate evidence of ownership of any shares of Warrant Shares or other securities or property (including any
money) to which the Holder is entitled, registered or otherwise placed in, or payable to the order of, such name or names as may be directed
in writing by the Holder, and shall deliver such evidence of ownership and any other securities or property (including any money) to
the Person or Persons entitled to receive the same, together with an amount in cash in lieu of any fraction of a share as provided in
Section 4.7. Upon payment of the Exercise Price therefor, a Holder shall be deemed to own and have all of the rights associated with
any Warrant Shares or other securities or property (including money) to which it is entitled pursuant to this Warrant upon the surrender
of this Warrant in accordance herewith. If the Holder shall direct that such securities be registered in a name other than that of the
Holder, such direction shall be tendered in conjunction with a signature guarantee from an eligible guarantor institution participating
in a signature guarantee program approved by the Securities Transfer Association, and any other reasonable evidence of authority that
may be required by the Company.

 

2.5.
Compliance with the Securities Laws.

 

(a) This
Warrant may not be exercised (and the Company shall be under no obligation to process any exercise), and no Warrant Shares may be sold,
transferred pledged, hypothecated, or otherwise disposed of (any such sale, transfer or other disposition, a “Transfer”),
except in compliance with this Section 2.5.

 

(b) A
Holder may exercise this Warrant and may Transfer this Warrant or any and all of his or its Warrant Shares to either (i) a transferee
that is an “accredited investor” or a “qualified institutional buyer,” as such terms are defined in applicable
Canadian securities laws, Regulation D and Rule 144A under the Securities Act, respectively, or (ii) any transferee, if the Warrant Shares
have been registered for resale under the Securities Act and qualified or exempt for sale under applicable Canadian securities laws.

 

    Exhibit 3 - 6

     

    

 

(c) In
addition to the foregoing, a Holder may exercise this Warrant and may Transfer this Warrant or his or its Warrant Shares in accordance
with Regulation S under the Securities Act or in any transaction that is registered under the Securities Act.

 

		3.	LEGENDS,
                                            REGISTRATION AND BOARD RIGHTS.

 

3.1.
Legends. Subject to Section 3.2, each certificate, instrument, or book entry representing (i) the Class A Common Shares, (ii)
the Registrable Securities, and (iii) any other securities issued in respect of the securities referenced in clauses (i) and (ii), upon
any share split, share dividend, recapitalization, merger, consolidation, or similar event, shall (unless otherwise permitted by the
provisions of Section 4) be notated with a legend, and no other legend, substantially in the following form:

 

THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“U.S. Securities Act”) OR ANY APPLICABLE STATE SECURITIES LAWS. THE HOLDER HEREOF, BY PURCHASING SUCH SECURITIES, AGREES
FOR THE BENEFIT OF THE CORPORATION THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY,
ONLY (A) TO THE CORPORATION, (B) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE U.S. Securities Act
AND IN COMPLIANCE WITH LOCAL LAWS AND REGULATIONS, (C) IN COMPLIANCE WITH THE EXEMPTION FROM REGISTRATION UNDER THE U.S. Securities Act
PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES OR “BLUE SKY” LAWS,
OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. Securities Act OR ANY APPLICABLE STATE SECURITIES LAWS, AND,
IN THE CASE OF SUBPARAGRAPH (C) OR (D), THE SELLER FURNISHES TO THE CORPORATION AN OPINION OF COUNSEL OF RECOGNIZED STANDING OR SUCH
OTHER EVIDENCE AS THE CORPORATION MAY REQUIRE IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE CORPORATION TO SUCH EFFECT. DELIVERY
OF THIS CERTIFICATE MAY NOT CONSTITUTE “GOOD DELIVERY” IN SETTLEMENT OF TRANSACTIONS ON STOCK EXCHANGES IN CANADA.

 

3.2. Registration.
If at any time the Company registers or intends to register under the Securities Act, or qualify for distribution in Canada under applicable
Canadian securities laws, any Common Shares, Rights to Purchase Securities or any other securities convertible, exchangeable or exercisable
for Common Shares or other Voting Securities on a registration statement under the Securities Act or a prospectus under applicable Canadian
securities laws, or grants any demand or piggyback registration rights to any other holder of Common Shares, Rights to Purchase Securities
or any other securities convertible, exchangeable or exercisable for Common Shares or shares of Voting Securities, the Company shall
offer to the Holder of this Warrant to register the Warrant Shares of such Holder on no less favorable terms and conditions and/or enter
into an agreement on customary terms and conditions with the Holder of this Warrant granting to such Holder pari passu registration
rights with respect to the Registrable Securities of such Holder, as applicable. Notwithstanding the foregoing, the provisions of this
Section 3.1 shall not apply to an initial public offering of Common Shares or other securities of the Company, unless that Company shall
also register for resale in such initial public offering Common Shares owned by other shareholders.

 

    Exhibit 3 - 7

     

    

 

3.3. Board
Rights. For so long as any of the Warrants are outstanding or that Origo or any other initial Holder of Warrants owns ten percent
(10%) or more of the outstanding Common Shares, Origo shall have the right to appoint 40% of the members of the board of directors of
the Company.

 

		4.	ADJUSTMENTS.

 

4.1.
Adjustments upon Certain Transactions.

 

(a) The
Exercise Price and the number of Warrant Shares issuable upon exercise of this Warrant shall be adjusted in the event the Company (i)
pays a dividend or makes any other distribution with respect to any of its Common Shares solely in Common Shares, (ii) subdivides its
outstanding Common Shares, or (iii) combines its outstanding Common Shares into a smaller number of shares. In such event, the number
of Warrant Shares issuable upon exercise of this Warrant immediately prior to the record date of such dividend or distribution or the
effective date of such subdivision or combination (the “Effective Exercise Date”) shall be adjusted so that the Holder
of this Warrant shall thereafter be entitled to receive the number of Warrant Shares that such Holder would have owned or have been entitled
to receive after the happening of any of the events described above, had the Warrant been exercised immediately prior to the happening
of such event or any record date with respect hereto.

 

In
addition, upon an adjustment pursuant to this Section 4.1, the Exercise Price for each of the Warrant Shares payable upon exercise of
this Warrant shall be adjusted (without rounding) so that it shall equal the product of the Exercise Price immediately prior to such
adjustment multiplied by a fraction, the numerator of which shall be the number of Warrant Shares issuable upon the exercise of this
Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Warrant Shares so issuable immediately
thereafter. Such adjustment shall become effective immediately after the Effective Exercise Date of such event retroactive to the record
date, if any, for such event.

 

(b) For
avoidance of doubt, the adjustment contemplated by this section can be expressed by formula as follows:

 

Ub
= Warrant Shares underlying this Warrant before the adjustment

Ua
= Warrant Shares underlying this Warrant after the adjustment

Pb
= exercise price per share before the adjustment

Pa
= exercise price per share after the adjustment

Ob
= shares outstanding before the transaction in question

Oa
= shares outstanding after the transaction in question

Ua
= Ub x Oa / Ob

Pa
= Pb x Ob / Oa

 

    Exhibit 3 - 8

     

    

 

4.2. Dividends
and Distributions.

 

(a) If
the Company shall fix a record date for the payment of a dividend or the making of a distribution with respect to any of its Common Shares,
(other than one covered by Section 4.1), then the Exercise Price to be in effect after the record date for such dividend or distribution
shall be determined (without rounding) by multiplying (x) the Exercise Price in effect immediately prior to such record date by (y) a
fraction, the numerator of which shall be the Fair Market Value per share of Common Shares as of the last Business Day (or, if the Common
Shares is then traded on a Recognized Securities Market, the last trading day) before the ex-date less the Fair Market Value of the cash,
securities (excluding Common Shares that is the same class of securities for which this Warrant would be exercisable immediately after
such distribution or dividend taking into account the adjustments pursuant to this Article 4) or other property paid per share in such
dividend or distribution, and the denominator of which shall be the Fair Market Value per share of Common Shares as of the last Business
Day (or, if the Common Shares is then traded on a Recognized Securities Market, the last trading day) before the ex-date. Upon any adjustment
of the Exercise Price pursuant to Section 4.2(a), the total number of Common Shares purchasable upon the exercise of this Warrant shall
be such number of shares (calculated to the nearest thousandth) purchasable immediately prior to such adjustment multiplied by a fraction,
the numerator of which shall be the Exercise Price in effect immediately before such adjustment and the denominator of which shall be
the Exercise Price in effect immediately after such adjustment.

 

(b) For
avoidance of doubt, the adjustment contemplated by Section 4.2(a)(2) can be expressed by formula as follows:

 

Ub
= Warrant Shares underlying this Warrant before the adjustment

Ua
= Warrant Shares underlying this Warrant after the adjustment

Pb
= exercise price per share before the adjustment

Pa
= exercise price per share after the adjustment

M
= Fair Market Value per share of Common Shares as of the last Business Day (or, if applicable, trading day) before ex-date

D
= Fair Market Value of the dividend or distribution made per share of Common Shares

Ua
= Ub x M / (M - D) Pa = Pb x (M - D) / M

 

4.3.
Tender Offers. If a publicly-announced tender offer or issuer bid made by the Company or any of its subsidiaries for all or any
portion of the Common Shares shall expire and tendering holders of Common Shares are paid aggregate consideration having a Fair Market
Value when paid which exceeds the aggregate Fair Market Value of the Common Shares acquired in such tender offer as of the last Business
Day, or, if applicable, trading day before the date on which such tender offer is first publicly announced (such excess, the “Excess
Tender Amount”), then the Exercise Price to be in effect after the tender offer expires shall be determined (without rounding)
by multiplying (x) the Exercise Price in effect immediately prior to such adjustment by (y) a fraction, the numerator of which shall
be the Fair Market Value per share of the Common Shares as of the last trading day before the date on which such tender offer is first
publicly announced less the Premium Per Pro Forma Share, and the denominator of which shall be the Fair Market Value per share of Common
Shares as of the last Business Day, or, if applicable, trading day before the date on which such tender offer is first publicly announced.
As used herein, “Premium Per Pro Forma Share” means (x) the Excess Tender Amount divided by (y) the number of Common Shares
outstanding at expiration of the tender offer after giving pro forma effect to the purchase of shares in the tender offer. Upon any adjustment
of the Exercise Price pursuant to this Section 4.3, the total number of Warrant Shares purchasable upon the exercise of this Warrant
shall be such number of Warrant Shares (calculated to the nearest thousandth) purchasable immediately prior to such adjustment multiplied
by a fraction, the numerator of which shall be the Exercise Price in effect immediately before such adjustment and the denominator of
which shall be the Exercise Price in effect immediately after such adjustment. For avoidance of doubt, the adjustment contemplated by
this section can be expressed by formula as follows:

 

Ub
= Warrant Shares underlying this Warrant before the adjustment

Ua
= Warrant Shares underlying this Warrant after the adjustment

Pb
= exercise price per share before the adjustment

Pa
= exercise price per share after the adjustment

M
= Fair Market Value per share of Common Shares as of the last Business Day (or, if applicable, trading day) before the tender offer is
announced

E
= Excess Tender Amount (the aggregate premium paid in the tender offer)

Pr
= Premium Per Pro Forma Share Oa = Shares outstanding after giving effect to tender offer

Pr
= E / Oa

Ua
= Ub x M / (M - Pr) Pa = Pb x (M - Pr) / M

 

    Exhibit 3 - 9

     

    

 

4.4.
Consolidation, Merger or Sale. If any consolidation, merger, amalgamation, arrangement or similar extraordinary transaction of
the Company with another entity, or the sale of all or substantially all of its assets, or any recapitalization or reclassification of
the Common Shares, shall be effected (a “Reorganization Event”), and in connection with such Reorganization Event,
the Warrant Shares shall be converted into or exchanged for or become the right to receive cash, securities or other property, then,
as a condition of such Reorganization Event, lawful and adequate provisions shall be made by the Company whereby the Holder of this Warrant
shall thereafter have the right to purchase and receive on exercise of this Warrant, for an aggregate price equal to the aggregate Exercise
Price for all of the Warrant Shares underlying this Warrant as in effect immediately before such transaction (subject to adjustment thereafter
as contemplated by the succeeding sentence), the same kind and amount of cash, securities or other property as it would have had the
right to receive if it had exercised this Warrant immediately before such transaction and been entitled to participate therein. In the
event of any such Reorganization Event, the Company shall make appropriate provision to ensure that applicable provisions of this Warrant
(including, without limitation, the provisions of this Article 4) shall thereafter be binding on the other party to such transaction
(or the successor in such transaction) and applicable to any securities thereafter deliverable upon the exercise of this Warrant. The
Company will not effect any such Reorganization Event unless, prior to the consummation thereof, the successor entity (if other than
the Company) resulting from such Reorganization Event or the entity purchasing such assets shall assume by written instrument reasonably
satisfactory in form and substance to the Holder of this Warrant, executed and mailed or delivered to the Holder at the last address
of such Holder appearing on the books of the Company, the obligation to deliver the cash, securities or property deliverable upon exercise
of this Warrant. The Company shall notify the Holder of this Warrant of any such proposed Reorganization Event reasonably prior to the
consummation thereof so as to provide such Holder with a reasonable opportunity prior to such consummation to exercise this Warrant in
accordance with the terms and conditions hereof; provided, however, that in the case of a transaction which requires notice to be given
to the holders of Common Shares of the Company, the Holder of this Warrant shall be provided the same notice given to the holders of
other Common Shares of the Company.

 

    Exhibit 3 - 10

     

    

 

4.5.
Full-Ratchet Adjustment for Lower Revaluations. In the case of (a) any issuance of Common Shares, rights or options to acquire
Common Shares or securities convertible or exchangeable into, or exercisable for Common Shares (other than Common Shares underlying rights
or options to acquire Common Shares or securities convertible or exchangeable into Common Shares, in each case that are issued and outstanding
on the date hereof or that are issued to directors, officers or employees of the Company pursuant to the terms of a stock option plan
that is in existence as of the date hereof), or (b) the amendment to or change in the exercise, conversion or exchange price of such
securities, in each case for an Effective Issuance Price that is lower than the Exercise Price (in each case, other than issuances, amendments
or changes covered by Section 4.1, 4.2, 4.3 or 4.4), the Exercise Price for this Warrant shall be further reduced to an amount equal
to the Effective Issuance Price.

 

As
used herein, the “Effective Issuance Price” shall be:

 

(i) with
respect to Common Shares issued for cash the per share amount of the net cash proceeds received by the Company for such Common Shares;

 

(ii) with
respect to Common Shares issued for other consideration, the Fair Market Value of the net consideration calculated on a per share basis;

 

(iii) with
respect to any option, warrant or other right to acquire Common Shares, whether direct or indirect and whether or not conditional or
contingent, the sum of (a) the Fair Market Value of the aggregate consideration, if any, received by the Company for the issuance of
such option, warrant or right divided by the number of Common Shares into which such option, warrant or right is exercisable at time
of issuance, plus (b) the per share amount of the exercise price to the extent paid in cash and per share Fair Market Value of the exercise
price if paid in other consideration; and

 

(iv) with
respect to securities convertible or exchangeable into Common Shares, the net consideration per security paid for such securities (to
the extent paid in cash) or the net Fair Market Value of the consideration per security paid for such securities if the price for such
securities is paid in other consideration, as of the date of their issuance divided by the number of Common Shares for which such securities
are convertible or exchangeable.

 

For
the avoidance of doubt, the Exercise Price of this Warrant shall in no event be increased pursuant to this Section 4.5.

 

4.6.
Fractional Shares. No fractional shares shall be issued upon exercise of this Warrant. Instead, the Company shall pay to the Holder,
in lieu of issuing any fractional share, a sum in cash equal to such fraction multiplied by the Fair Market Value of a share of Common
Shares, as determined by the Company’s Chief Executive Officer, Chief Financial Officer or Board, on the Business Day or, if applicable,
trading day immediately prior to the date of exercise.

 

    Exhibit 3 - 11

     

    

 

4.7.
Notice of Adjustment. Prior to the consummation of any transaction, action or other event that would trigger an adjustment (or
right to adjustment) under this Section 4, the Company shall mail to the Holder by first class mail, postage prepaid, no later than ten
(10) Business Days prior to such consummation notice of such transaction, action or other event, along with reasonable details with respect
thereto. Whenever the number of Common Shares or other stock or property issuable upon the exercise of this Warrant or the Exercise Price
is adjusted, as herein provided, the Company shall promptly mail by first class mail, postage prepaid, to the Holder notice of such adjustment
or adjustments and shall deliver a certificate of a firm of independent public accountants selected by the Board (who may be the regular
accountants employed by the Company) setting forth the number of Common Shares or other stock or property issuable upon the exercise
of this Warrant and the Exercise Price after such adjustment, setting forth a brief statement of the facts requiring such adjustment
and setting forth the computation by which such adjustment was made.

 

		5.	WARRANT
                                            TRANSFER BOOKS.

 

The
Company shall cause to be kept at its principal office a register in which, subject to such reasonable regulations as it may prescribe,
the Company shall provide for the registration of this Warrant Certificate and of transfers or exchanges of this Warrant Certificate
as herein provided.

 

At
the option of the Holder, this Warrant Certificate may be exchanged at such office, and upon payment of the charges hereinafter provided.
Whenever this Warrant Certificate is so surrendered for exchange, the Company shall execute and deliver the Warrant Certificates that
the Holder making the exchange is entitled to receive.

 

All
Warrant Certificates issued upon any registration of transfer or exchange of this Warrant Certificate shall be the valid obligations
of the Company, evidencing the same obligations, and entitled to the same benefits, as the Warrant Certificate surrendered for such registration
of transfer or exchange.

 

If
this Warrant Certificate is surrendered for registration of transfer or exchange it shall (if so required by the Company) be duly endorsed,
or be accompanied by a written instrument of transfer in form satisfactory to the Company, duly executed by the Holder hereof or his
attorney duly authorized in writing.

 

No
service charge shall be made to the Holder for any registration of transfer or exchange of this Warrant Certificate. The Company may
require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration
of transfer or exchange of this Warrant Certificate.

 

The
Warrant Certificate when duly endorsed in blank shall be deemed negotiable and when this Warrant Certificate shall have been so endorsed,
the Holder hereof may be treated by the Company and all other persons dealing therewith as the absolute owner hereof for any purpose
and as the Person entitled to exercise the rights represented hereby, or to the transfer hereof on the register of the Company, any notice
to the contrary notwithstanding; but until such transfer on such register, the Company shall treat the registered Holder hereof as the
owner for all purposes. No such transfer shall be registered until the Company has been supplied with the aforementioned instruments
of transfer and any other such documentation as the Company may reasonably require.

 

    Exhibit 3 - 12

     

    

 

		6.	WARRANT
                                            HOLDER.

 

6.1.
Right of Action. All rights of action in respect of this Warrant are vested in the Holder hereof, and the Holder, without the
consent of the Company, may, on such Holder’s own behalf and for such Holder’s own benefit, enforce, and may institute and
maintain any suit, action or proceeding against the Company suitable to enforce, or otherwise in respect of, such Holder’s right
to exercise or exchange this Warrant in the manner provided herein or any other obligation of the Company under this Warrant.

 

		7.	REPRESENTATIONS
                                            AND COVENANTS.

 

7.1.
Reservation of Common Shares for Issuance on Exercise of Warrant. The Company covenants that it will at all times reserve and
keep available, free from pre-emptive rights, out of its authorized but unissued Common Shares, solely for the purpose of issue upon
exercise of this Warrant as herein provided, such number of Common Shares as shall then be issuable upon the exercise of all Warrant
Shares issuable hereunder plus such number of Common Shares as shall then be issuable upon the exercise of other outstanding warrants,
options and rights (whether or not vested), the settlement of any forward sale, swap or other derivative contract, and the conversion
of all outstanding convertible securities or other instruments convertible into Common Shares or rights to acquire Common Shares. The
Company covenants that all Warrant Shares and other Common Shares which shall be issuable shall, upon such issue, be duly and validly
issued and fully paid and non-assessable.

 

7.2.
Notice of Dividends. At any time when the Company declares any dividend on its Common Shares, it shall give notice to the Holder
of this Warrant of any such declaration not less than 15 days prior to the related record date for payment of the dividend so declared.

 

7.3.
Capitalization. The Company represents and warrants to the Holder that as of the date hereof, the Company has 83,130,498 Common
Shares outstanding and on a fully diluted basis, before giving effect to this Warrant or the Common Shares issuable on conversion of
the Line of Credit Note, the Company has 89,787,688 Common Shares on a fully diluted basis. To the extent that this representation is
not true as of the date hereof and there are more Common Shares outstanding then set out above (actual or on a diluted basis), the number
of Warrant Shares shall be increased such that the Warrant would exercise into 44% of the Common Shares on a diluted as were then outstanding
as of the date hereof. For greater certainty, should there be fewer Common Shares outstanding than as set out in this representation,
no adjustment shall be made to the number of Warrant Shares issuable on exercise of the Warrant.

 

		8.	MISCELLANEOUS.

 

8.1.
Payment of Taxes. The Company shall pay all transfer, stamp and other similar taxes that may be imposed in respect of the issuance
or delivery of this Warrant or in respect of the issuance or delivery by the Company of any securities upon exercise of this Warrant
with respect thereto. The Company shall not be required, however, to pay any tax or other charge imposed in connection with any transfer
involved in the issue of any certificate for Common Shares or other securities underlying this Warrant or payment of cash to any Person
other than the Holder of this Warrant Certificate surrendered upon the exercise or purchase of this Warrant, and in case of such transfer
or payment, the Company shall not be required to issue any stock certificate to pay any cash until such tax or charge has been paid or
it has been established to the Company’s satisfaction that no such tax or other charge is due. The Company and the Holder agree
that the issuance and exercise of this Warrant is a capital transaction and not a compensatory transaction, and any Holder who is not
a U.S. person for U.S. federal income tax purposes hereby represents that the Warrant Shares would, if owned by such Holder, be capital
assets in its hands for U.S. Federal income tax purposes.

 

    Exhibit 3 - 13

     

    

 

8.2.
Surrender of Certificates. Any Warrant Certificate surrendered for exercise or purchase shall, if surrendered to the Company,
be promptly cancelled and destroyed and shall not be reissued by the Company.

 

8.3.
Mutilated, Destroyed, Lost and Stolen Warrant Certificates. If (a) a mutilated Warrant Certificate is surrendered to the Company
or (b) the Company receives evidence to its satisfaction of the destruction, loss or theft of the Warrant Certificate, and there is delivered
to the Company such appropriate affidavit of loss, applicable processing fee and a corporate bond of indemnity as may be required by
it to save it harmless, then, in the absence of notice to the Company that the Warrant Certificate has been acquired by a bona fide purchaser,
the Company shall execute and deliver, in exchange for such mutilated Warrant Certificate or in lieu of such destroyed, lost or stolen
Warrant Certificate, a new Warrant Certificate of like tenor and for a like aggregate number of shares of Warrant Shares, if any, with
respect to which this Warrant shall not then have been exercised.

 

Upon
the issuance of any new Warrant Certificate under this Section 8.3, the Company may require the payment of a sum sufficient to cover
any tax or other governmental charge that may be imposed in relation thereto and other expenses in connection therewith.

 

Any
new Warrant Certificate executed and delivered pursuant to this Section 8.3 in lieu of a destroyed, lost or stolen Warrant Certificate
shall constitute an original contractual obligation of the Company, whether or not the destroyed, lost or stolen Warrant Certificate
shall be at any time enforceable by anyone, and shall be subject to the same terms as this Warrant.

 

The
provisions of this Section 8.3 are exclusive and shall preclude (to the extent lawful) all other rights or remedies with respect to the
replacement of a mutilated, destroyed lost, or stolen Warrant Certificate.

 

8.4.
Notices. Any notice, demand or delivery authorized by this Warrant shall be sufficiently given or made when mailed if sent by
first-class mail, postage prepaid, addressed to the Holder of this Warrant at such Holder’s address shown on the register of the
Company and to the Company at its principal address, addressed to the Secretary of the Company, in each case or such other address as
shall have been furnished to the party giving or making such notice, demand or delivery.

 

8.6.
Applicable Law. This Warrant and all rights arising hereunder shall be governed by the laws of British Columbia and the federal
laws of Canada applicable therein.

 

    Exhibit 3 - 14

     

    

 

8.7.
Amendments. This Warrant may only be amended with the prior written consent of the Holder and the Company.

 

8.8.
Headings. The descriptive headings of the several Articles and Sections of this Warrant are inserted for convenience and shall
not control or affect the meaning or construction of any of the provisions hereof.

 

IN
WITNESS WHEREOF, this Warrant has been duly executed and delivered by the Company, by order of its Board of Directors, this 5th day of
November 2020.

 

		 	HOLLYWEED NORTH CANNABIS INC.
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	Name:	Renee Gagnon
	 	 	 	Title:	President & Director
	 	 	 	 	 
	ACCEPTED AND AGREED TO:	 	 	 
	 	 	 	 	 
	ORIGO HOLDINGS,, INC.	 	 	 
	 	 	 	 	 
	By:	 	 		 
		Israael Maxx Abramowitz, President	 	 	 

 

    Exhibit 3 - 15

     

    

 

EXHIBIT
A

FORM OF EXERCISE

(To be executed upon exercise of Warrant.)

 

The
undersigned hereby irrevocably elects to exercise the Warrant represented by this Warrant Certificate, to purchase _______ Common Shares,
in the form of Common Shares (“Warrant Shares”), of HollyWeed North Cannabis Inc. in accordance with the Warrant Certificate,
and in accordance with the terms set forth below.

 

By
checking the appropriate paragraph election, the undersigned hereby exercises the Warrant, as follows:.

 

______[check
if applicable] Having the Company withhold, from the total number of Common Shares that would otherwise be delivered to the undersigned
upon such exercise, that lower number of Common Shares issuable upon exercise of this Warrant with an aggregate Fair Market Value as
of the last Business Day prior to such exercise equal to a purchase price for such Common Shares that would otherwise be payable by the
undersigned upon such exercise based upon the Exercise Price then in effect (a “Cashless Exercise”), or

 

______[check
if applicable] By) by payment in full of the Exercise Price then in effect for the shares of Warrant Shares as to which this Warrant
is submitted for exercise, payable in cash or other same-day funds.

 

The
undersigned requests that said Warrant Shares be registered in such names and delivered, all as specified in accordance with the instructions
set forth below.

 

If
said number of Warrant Shares is less than all of the shares of Warrant Shares purchasable hereunder, the undersigned requests that a
new Warrant Certificate representing the remaining balance of the Warrants evidenced hereby be issued and delivered to the undersigned
unless otherwise specified in the instructions below.

 

    Exhibit A - 1

     

    

 

	Dated:	 	 	Name:	 
	 	 	(Please
    Print)
	 	 
	(Insert
    Social Security or Other Identifying Number of Holder)	 
	 	 
	 	Address:	 
	 	 
	 	 
	 	 
	 	Signature
    (Signature must conform in all respects to name of holder as specified on the face of the Warrant Certificate and must be guaranteed
    by a bank, stockbroker, savings and loan association or credit union meeting the requirements of the Warrant Holder.
	 	 	 	 	 	 

    Exhibit A - 2

     

    

 

EXHIBIT
B

FORM OF ASSIGNMENT

 

FOR
VALUE RECEIVED the undersigned registered holder of the within Warrant Certificate hereby sells, assigns, and transfers unto the Assignee(s)
named below all of the right of the undersigned under the within Warrant Certificate, with respect to the number of Warrants set forth
below:

 

	 

    Names
    of Assignees
	 	Address	 	Social
    Security or other Identifying Number of Assignee(s)	 	Number
    of Shares Represented by the Portion of this Warrant to be Assigned
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

And
does hereby irrevocably constitute and appoint ______ the undersigned’s attorney to make such transfer on the books of _____________
maintained for that purpose, with full power of substitution in he premises.

 

	 Date:
	 	 	 
	 	 
	 	(Signature
    of Owner)
	 	 
	 	 
	 	(Street
    Address)
	 	 
	 	 
	 	(City)                 (State)                   (Zip
    Code)
	 	 
	 	 
	 	Signature
    Guaranteed By:
	 
	 	 

 

		*	The
                                            signature must correspond with the name as written upon the face of the within Warrant Certificate
                                            in every particular, without alteration or enlargement or any change whatever, and must be
                                            guaranteed by a financial institution satisfactory to the Company.

 

 

Exhibit B

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00339-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00339-of-00352.parquet"}]]