Document:

EX-4.8

   

  Exhibit 4.8

  SUPPLEMENTAL WARRANT INDENTURE

  THIS SUPPLEMENTAL WARRANT INDENTURE dated for reference as of June 30, 2021. 

  BETWEEN:

  HARVEST HEALTH & RECREATION INC., a corporation existing under the laws of British Columbia (the “Corporation”)

  AND:

  ODYSSEY TRUST COMPANY, a trust company existing under the laws of Alberta and registered to carry on business in the provinces of British Columbia and Alberta (the “Warrant Agent”)

  WHEREAS:

  A.The Corporation and the Warrant Agent are parties to a warrant indenture dated as of December 20, 2019,(the “Indenture”) which provides for the issuance of an unlimited number of Warrants (as defined in the Indenture) subject to the conditions and limitations set forth in the Indenture; 

  B.Each Warrant entitles the holder thereof to acquire one (1) Subordinate Voting Share (as defined in the Indenture) upon payment of the ‎Exercise Price (as defined in the Indenture) prior to the Expiry Time (as defined in the Indenture), upon the terms and conditions set forth‎ in the Indenture; and

  C.In accordance with Section 8.1(e) and Section 8.1(f) of the Indenture, the parties hereto agree to enter into this Supplemental Warrant Indenture to amend the Indenture to change the currency of the Exercise Price from Canadian dollars to the United States dollar equivalent thereof as at December 20, 2019, as set forth herein.

  NOW THEREFORE in consideration of the mutual covenants herein and such other good and valuable consideration exchanged ‎between the Corporation and the Warrant Agent, the receipt and sufficiency of which is agreed to and acknowledged by ‎each of the parties, the Corporation and the Warrant Agent covenant and agree as follows‎:

  1.Section 1.1 of the Indenture shall be amended by replacing the term “Exercise Price” with the following: 

  ‎“Exercise Price” at any time means the price at which a whole Subordinate Voting Share ‎may be purchased by the exercise of a whole Warrant, which is initially USD$2.78 per ‎Subordinate Voting Share, payable in immediately available United States funds, subject ‎to adjustment in accordance with the provisions of Section 4.1‎;

  2.The form of Warrant Certificate appended to the Indenture, including Schedule “B” - Exercise Form attached thereto, shall be amended to replace any reference to “CDN$3.66” to “USD$2.78”.  

  3.The Indenture shall be modified in accordance with this Supplemental Warrant Indenture, and this Supplemental Warrant Indenture shall form part of the Indenture for all purposes and every Warrantholder (as that term is defined in the Indenture) shall be bound thereby.

   

  

   

  4.All capitalized terms not otherwise defined in this Supplemental Warrant Indenture shall have the same meanings ascribed thereto in the Indenture and any references herein to articles, section numbers and paragraphs shall refer to the articles, section numbers and paragraphs in the Indenture.

  5.This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.

  [Remainder of page intentionally left blank]  

   

   

   

  

   

  IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Warrant Indenture to be duly executed as of the day and year first referenced above. 

  HARVEST HEALTH & RECREATION INC.

  		
	 
By:
	/s/ Deborah K. Keeley

	 
	Authorized Signatory

   

  ODYSSEY TRUST COMPANY 

  		
	 
By:
	 

	 
	Authorized Signatory

	 
 
By:
	 

	 
	Authorized SignatoryEX-4.9

   

  Exhibit 4.9

  AMENDMENT TO WARRANT CERTIFICATE

  THIS AMENDMENT TO WARRANT CERTIFICATE dated for reference as June 30, 2021. 

  BETWEEN:

  HARVEST HEALTH & RECREATION INC., a corporation existing under the laws of British Columbia (the “Corporation”)

  AND:

  1235 FUND LP, a limited partnership formed under the laws of the province of Québec (the “Holder”)

  WHEREAS:

  A.The Corporation previously issued to the Holder 3,502,666 warrants to purchase Subordinate Voting Shares of the Corporation, evidenced by Warrant Certificate No. W-2019-01, dated as of May 10, 2019 (the “Warrant Certificate”); 

  B.The Warrant Certificate entitles the Holder to acquire one (1) Subordinate Voting Share (as defined in the Warrant Certificate) upon payment of the ‎Exercise Price (as defined in the Warrant Certificate) prior to the Expiry Time (as defined in the Warrant Certificate), upon the terms and conditions set forth‎ in the Warrant Certificate; and

  C.The parties hereto agree to enter into this Amendment to Warrant Certificate to amend the Warrant Certificate to change the currency of the Exercise Price from Canadian dollars to the United States dollar equivalent thereof as at May 10, 2019, as set forth herein.

  NOW THEREFORE in consideration of the mutual covenants herein and such other good and valuable consideration exchanged ‎between the Corporation and the Holder, the receipt and sufficiency of which is agreed to and acknowledged by ‎each of the parties, the Corporation and the Holder covenant and agree as follows‎:

  1.The introductory paragraph to the Warrant Certificate shall be amended by replacing the term “$18.17” with “USD$13.71.” 

  2.The Warrant Certificate shall be modified in accordance with this Amendment to Warrant Certificate, and this Amendment to Warrant Certificate shall form part of the Warrant Certificate for all purposes and the Holder (as that term is defined in the Warrant Certificate) shall be bound thereby.

  3.All capitalized terms not otherwise defined in this Amendment to Warrant Certificate shall have the same meanings ascribed thereto in the Warrant Certificate and any references herein to articles, section numbers and paragraphs shall refer to the articles, section numbers and paragraphs in the Warrant Certificate.

  4.This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.

  [Remainder of page intentionally left blank]

   

   

  

   

  IN WITNESS WHEREOF, the parties hereto have caused this Amendment to Warrant Certificate to be duly executed as of the day and year first referenced above. 

  HARVEST HEALTH & RECREATION INC.

  		
	By:
	/s/ Deborah K. Keeley

	Name: 
	Deborah Keeley

	Title: 
	Chief Financial Officer

   

  1235 FUND LP

  		
	By:
	 

	 
	Authorized SignatoryEX-4.10

   

  Exhibit 4.10

  SUPPLEMENTAL WARRANT INDENTURE

  THIS SUPPLEMENTAL WARRANT INDENTURE dated for reference as of June 30, 2021. 

  BETWEEN:

  HARVEST HEALTH & RECREATION INC., a corporation existing under the laws of British Columbia (the “Corporation”)

  AND:

  ODYSSEY TRUST COMPANY, a trust company existing under the laws of Alberta and registered to carry on business in the provinces of British Columbia and Alberta (the “Warrant Agent”)

  WHEREAS:

  A.The Corporation and the Warrant Agent are parties to a warrant indenture dated as of October 28, 2020,(the “Indenture”) which provides for the issuance of up to 10,736,777 Warrants (as defined in the Indenture) subject to the conditions and limitations set forth in the Indenture; 

  B.Each Warrant entitles the holder thereof to acquire one (1) Subordinate Voting Share (as defined in the Indenture) upon payment of the ‎Exercise Price (as defined in the Indenture) prior to the Expiry Time (as defined in the Indenture), upon the terms and conditions set forth‎ in the Indenture; and

  C.In accordance with Section 8.1(e) and Section 8.1(f) of the Indenture, the parties hereto agree to enter into this Supplemental Warrant Indenture to amend the Indenture to change the currency of the Exercise Price from Canadian dollars to the United States dollar equivalent thereof as at October 28, 2020, as set forth herein.

  NOW THEREFORE in consideration of the mutual covenants herein and such other good and valuable consideration exchanged ‎between the Corporation and the Warrant Agent, the receipt and sufficiency of which is agreed to and acknowledged by ‎each of the parties, the Corporation and the Warrant Agent covenant and agree as follows‎:

  1.Section 1.1 of the Indenture shall be amended by replacing the term “Exercise Price” with the following: 

  ‎“Exercise Price” at any time means the price at which a whole Subordinate Voting Share ‎may be purchased by the exercise of a whole Warrant, which is initially USD$2.29 per ‎Subordinate Voting Share, payable in immediately available United States funds, subject ‎to adjustment in accordance with the provisions of Section 4.1‎;

  2.The form of Warrant Certificate appended to the Indenture, including Schedule “B” - Exercise Form attached thereto, shall be amended to replace any reference to “CDN$3.05” to “USD$2.29”.  

  3.The Indenture shall be modified in accordance with this Supplemental Warrant Indenture, and this Supplemental Warrant Indenture shall form part of the Indenture for all purposes and every Warrantholder (as that term is defined in the Indenture) shall be bound thereby.

   

  

   

  4.All capitalized terms not otherwise defined in this Supplemental Warrant Indenture shall have the same meanings ascribed thereto in the Indenture and any references herein to articles, section numbers and paragraphs shall refer to the articles, section numbers and paragraphs in the Indenture.

  5.This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument.

  [Remainder of page intentionally left blank]  

   

   

   

  

   

  IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Warrant Indenture to be duly executed as of the day and year first referenced above. 

  HARVEST HEALTH & RECREATION INC.

  		
	 
By:
	/s/ Deborah K. Keeley

	 
	Authorized Signatory

   

  ODYSSEY TRUST COMPANY 

  		
	 
By:
	 

	 
	Authorized Signatory

	 
 
By:
	 

	 
	Authorized Signatory

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}]]