Document:

EX-4.10

 Exhibit 4.10 

CERTAIN CONFIDENTIAL INFORMATION (MARKED BY BRACKETS AS “[***]”) HAS BEEN EXCLUDED FROM 

THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF 

PUBLICLY DISCLOSED. 
 UNLESS PERMITTED
UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE [THE DATE WHICH IS FOUR MONTHS AND ONE DAY AFTER THE RELEVANT TRANCHE CLOSING DATE WILL BE INSERTED]. 

FORM OF 
 WARRANT
CERTIFICATE 
 ● WARRANTS 

TO PURCHASE SUBORDINATE VOTING SHARES OF 

HARVEST HEALTH & RECREATION INC. 
  

			
	Certificate No. W-2019-●	  	[●]

 THIS IS TO CERTIFY THAT for value received [●] (the “Holder”)
is the registered holder of the number of Warrants stated above (each a “Warrant” and collectively, the “Warrants”) and is entitled, from and after the date of issue (the “Issue Date”), for each
Warrant represented by this certificate (this “Warrant Certificate”) to purchase one subordinate voting share (each a “Warrant Share”) of Harvest Health & Recreation Inc. (the
“Corporation”) at a price per Warrant Share equal to [$●] (the “Exercise Price”), upon and subject to the following terms and conditions. 

The Warrants and the Warrant Shares issuable upon the exercise of the Warrants have not been and will not be registered under the United States Securities
Act of 1933 (the “U.S. Securities Act”) or any state securities laws. The Warrants may not be transferred or exercised in the United States (as defined in Regulation S under the U.S. Securities Act) unless the Warrants and the
Warrant Shares issuable upon exercise of the Warrants have been registered under the U.S. Securities Act and any applicable state securities laws or unless an exemption from such registration is available and established as set forth in this Warrant
Certificate. 
 TERMS AND CONDITIONS 
  

	1.	 At any time and from time to time at or prior to 5: 00 p.m. (Eastern Time) on the date that is 36 months from
the date of issue (the “Expiry Time”), the Holder may exercise all or any number of Warrants represented hereby, upon delivering the Warrant Certificate to the Corporation at its principal office at 627 S. 48th St. Suite 100, Tempe,
AZ, 85281, together with a duly completed and executed subscription notice in the form attached hereto as Schedule “A” (the “Subscription Notice”) evidencing the election of the Holder to exercise the number of Warrants
set forth in the Subscription Notice (which shall not be greater than the number of Warrants represented by this Warrant Certificate) and a certified cheque, money order or bank draft or other form of payment acceptable to the Corporation in
immediately available funds payable to the Corporation for the aggregate Exercise Price of all Warrants being exercised. If the Holder is not exercising all Warrants represented by this Warrant Certificate, the Holder shall be entitled to receive,
without charge, a new Warrant Certificate representing the number of Warrants which is the difference between the number of Warrants represented by the then original Warrant Certificate and the number of Warrants being so exercised.

  

	2.	 The Holder shall be deemed to have become the holder of record of the Warrant Shares on the date (the
“Exercise Date”) on which the Corporation has received a duly completed Subscription Notice, delivery of the Warrant Certificate and payment of the full aggregate Exercise Price in respect of the Warrants being exercised pursuant to
such Subscription Notice; provided, however, that if such date is not a day which is not a Saturday, Sunday or statutory or civic holiday in the City of Toronto, Ontario or Phoenix Arizona (each, a “Business Day”) then the Warrant
Shares shall be deemed to have been issued and the Holder shall be deemed to have become the holder of record of the Warrant Shares on the next following Business Day Within two Business Days of the Exercise Date, the Corporation shall issue and
deliver (or cause to be delivered) to the Holder, by registered mail or pre-paid courier to his, her or its address specified in the Subscription Notice, one or more certificates or direct registration
statements for the appropriate number of Warrant Shares to which the Holder is entitled pursuant to the exercise of Warrants. All costs, expenses and other charges payable in connection with the issue and delivery of the Warrant Shares shall be at
the sole expense of the Corporation (other than the payment of the aggregate Exercise Price and any taxes including withholding tax, if any). 

	3.	 The Corporation represents and warrants that: (a) this Warrant Certificate is a legal, valid and binding
obligation of the Corporation, enforceable against the Corporation in accordance with its terms; and (b) the Warrants have been duly and validly created and issued and the Warrant Shares have been reserved and authorized and allotted for
issuance to the holders of the Warrants and, upon the due exercise of the Warrants in accordance with the provisions of this Warrant Certificate, the Warrant Shares will be validly issued as fully paid and
non-assessable subordinate voting shares (“Subordinate Voting Shares”) in the capital of the Corporation. The Corporation hereby further covenants and agrees that, while any of the Warrants
shall be outstanding, the Corporation shall (a) comply in all material respects with the securities legislation applicable to it; (b) shall use commercially reasonable efforts to do or cause to be done all things necessary to preserve and
maintain its corporate existence; (c) at its own expense, use its commercially reasonable efforts to maintain its status as a reporting issuer (or the equivalent) not in default in the case of each of the provinces and territories of Canada
providing for such regime and in which the Corporation is a reporting issuer from time to time; and (d) make all requisite filings under applicable laws and the policies of any applicable stock exchange in connection with the exercise of the
Warrants and issue of Warrant Shares. 

  

	4.	 Nothing contained herein shall confer on the Holder or any other person any right to subscribe for or purchase
Warrant Shares or any other securities of the Corporation at any time after the Expiry Time and, from and after such time, these Warrants and all rights hereunder shall be void and of no value. 

 

	5.	 The Holder shall have no rights whatsoever as a shareholder (including any rights to receive dividends or other
distribution to shareholders or to vote at a meeting of shareholders of the Corporation) other than regarding those Warrant Shares in respect of which the Holder shall have exercised its right to purchase hereunder in accordance which the terms of
this Warrant Certificate. 

  

	6.	 Upon the receipt of evidence satisfactory to the Corporation of the loss, theft, destruction or mutilation of
this Warrant Certificate and, if requested by the Corporation, upon delivery of a bond of indemnity satisfactory to the Corporation (or, in the case of mutilation, upon surrender of this Warrant Certificate), the Corporation will issue to the Holder
a replacement certificate representing these Warrants (containing the same terms and conditions as this Warrant Certificate). 

  

	7.	 The Corporation shall not be required to issue fractional Warrant Shares in satisfaction of its obligations
hereunder. All fractional interests shall be rounded down to the nearest whole number and no amount shall be payable by the Corporation in respect of any such fraction of a Warrant Share. 

 

	8.	 In this Warrant Certificate, “Current Market Price” at any date shall mean the weighted
average trading price per Subordinate Voting Share at which the Subordinate Voting Shares have traded on the principal stock exchange or over-the-counter market on which the Subordinate Voting Shares are
listed or posted for trading during the 20 consecutive trading days ending five trading days prior to the date on which the Current Market Price must be determined or, if the Subordinate Voting Shares are not listed on a recognized Canadian stock
exchange or an over-the-counter market, the Current Market Price shall be as determined by the directors of the Corporation, acting reasonably and in good faith after
consultation with a nationally or internationally recognized and independent investment dealer, investment banker or firm of chartered accountants. In this Section 8, the terms “record date” and “effective
date” shall mean as of the close of business in Toronto, Ontario on the relevant date. 

  
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	9.	 The rights to acquire Warrant Shares in effect at any date attaching to the Warrants are subject to adjustment
from time to time 

 as follows: 
  

	 	(a)	 if and whenever at any time from the date hereof and prior to the Expiry Time the Corporation fixes a record
date in order to: 

  

	 	(i)	 subdivide, redivide or change its then outstanding Subordinate Voting Shares into a greater number of
outstanding Subordinate Voting Shares; 

  

	 	(ii)	 consolidate, reduce or combine its outstanding Subordinate Voting Shares into a smaller number of Subordinate
Voting Shares; or 

  

	 	(iii)	 issue Subordinate Voting Shares or securities exchangeable or exercisable for or convertible into Subordinate
Voting Shares (collectively, “convertible securities”) to the holders of all or substantially all of the outstanding Subordinate Voting Shares by way of a stock distribution, stock dividend or otherwise; 

any of such events in these clauses (i), (ii) and (iii) being called a “Subordinate Voting Share Reorganization”, the
number of Warrant Shares issuable upon the exercise of each Warrant shall be adjusted on the earlier of the record date on which holders of Subordinate Voting Shares are determined for the purposes of the Subordinate Voting Share Reorganization and
the effective date of the subdivision, redivision, change, consolidation, reduction or combination or on the record date for the issue of Subordinate Voting Shares or convertible securities by way of stock distribution, stock dividend or otherwise,
by multiplying the number of Warrant Shares previously issuable upon the exercise of a Warrant by the fraction of which: 
  

	 	(A)	 the numerator is the total number of Subordinate Voting Shares outstanding immediately after such record date
or effective date, or, in the case of the issuance of convertible securities, the total number of Subordinate Voting Shares outstanding immediately after such date plus the total number of Subordinate Voting Shares issuable upon conversion, exercise
or exchange of such convertible securities; and 

  

	 	(B)	 the denominator is the total number of Subordinate Voting Shares outstanding immediately prior to the
applicable record date or effective date (including in the case of the issue or distribution of securities exchangeable or exercisable or convertible into Subordinate Voting Shares the number of Subordinate Voting Shares for or into which such
securities may be exchanged, exercised, or converted) 

 and the Exercise Price shall be adjusted at the same time by
multiplying the Exercise Price in effect at the time of such event by the inverse of the aforesaid fraction. The Corporation shall make such adjustment successively whenever any event referred to in this Section 9(a) occurs and any such issue
of Subordinate Voting Shares or convertible securities by way of a stock dividend is deemed to have occurred on the record date for the stock dividend for the purpose of calculating the number of outstanding Subordinate Voting Shares under this
Section 9(a). Any Subordinate Voting Shares owned by or held for the account of the Corporation shall be deemed not to be outstanding for the purpose of any such calculation. If the Holder has not exercised its right to subscribe for and
purchase Subordinate Voting Shares on or prior to the record date of the Subordinate Voting Share Reorganization or the effective date of such Subordinate Voting Share Reorganization as the case may be, upon the exercise of such right thereafter,
the Holder shall be entitled to receive and shall accept in lieu of the number of Warrant Shares then subscribed for and purchased by the Holder, at the Exercise Price determined in accordance with this Section 9(a), the aggregate number of
Subordinate Voting Shares that the Holder would have been entitled to receive as a result of such Voting Share Reorganization, if, on such record date or effective date, as the case may be, such Holder had been the holder of record of the number of
Subordinate Voting Shares so subscribed for and purchased. 

  
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	 	(b)	 if and whenever at any time from the date hereof and prior to the Expiry Time the Corporation shall fix a
record date for the issue of rights, options or warrants to all or substantially all of the holders of Subordinate Voting Shares under which such holders are entitled, during a period expiring not more than 45 days after the record date for such
issue (“Rights Period”), to subscribe for or acquire Subordinate Voting Shares or securities exchangeable or exercisable for or convertible into Subordinate Voting Share at a price per Subordinate Voting Share to the Holder (or in
the case of securities exchangeable, exercisable, or convertible into Subordinate Voting Shares, at an exchange, exercise, or conversion price per Subordinate Voting Share) of less than 95% of the Current Market Price for the Subordinate Voting
Shares on such record date (any of such events being called a “Rights Offering”), then the number of Warrant Shares issuable upon the exercise of each Warrant shall be adjusted effective immediately after the record date for such
Rights Period to a number determined by multiplying the number of Warrant Shares issuable upon the exercise thereof immediately prior to the end of the Rights Period by a fraction: 

 

	 	(i)	 the numerator of which shall be the number of Subordinate Voting Shares outstanding after giving effect to the
Rights Offering; and 

  

	 	(ii)	 the denominator of which shall be the aggregate of: 

 

	 	(A)	 the number of Subordinate Voting Shares outstanding as of the record date for the Rights Offering; and

  

	 	(B)	 a number determined by dividing (1) the product of the number of Subordinate Voting Shares issued or
subscribed during the Rights Period upon the exercise of the rights, warrants, or options under the Rights Offering (including in the case of the issue or distribution of securities exchangeable or exercisable or convertible into Subordinate Voting
Shares the number of Subordinate Voting Shares for or into which such securities may be exchanged, exercised, or converted) and the price at which such Subordinate Voting Shares are offered by (2) the Current Market Price of the Subordinate
Voting Shares as of the record date for the Rights Offering 

 and the Exercise Price shall be adjusted at the same time by
multiplying the Exercise Price in effect on such record date by the inverse of the aforesaid fraction. Any Subordinate Voting Shares owned by or held for the account of the Corporation shall be deemed not to be outstanding for the purpose of any
such calculation. To the extent that any rights, options or warrants so distributed are not exercised, the number of Warrant Shares issuable upon the exercise of each Warrant shall be readjusted to the number of Subordinate Voting Shares that would
then be in effect based upon the shares, rights, options, or warrants actually distributed or based upon the number of Subordinate Voting Shares or other securities actually delivered upon the exercise of the rights, options or warrants, as the case
may be, but subject to any other adjustment required hereunder by reason of any event arising after the record date; 
  

	 	(c)	 if and whenever at any time from the date hereof and prior to the Expiry Time the Corporation shall fix a
record date for the issue or distribute to all or to substantially all the holders of the Subordinate Voting Shares: 

  

	 	(i)	 securities of the Corporation of any class other than Subordinate Voting Shares or convertible securities, or
rights, options or warrants; 

  

	 	(ii)	 evidences of indebtedness of the Corporation; or 

 

	 	(iii)	 any cash, property or other assets of the Corporation; 

and if such issuance or distribution does not constitute a Subordinate Voting Share Reorganization or a Rights Offering (any of such non-excluded events being herein called a “Special Distribution”), the number of Warrant Shares issuable upon the exercise of each Warrant shall be adjusted effective immediately after the record
date at which the holders of affected Subordinate Voting Shares are determined for purposes of the Special Distribution to a number determined by multiplying the number of Warrant Shares issuable upon the exercise thereof in effect on such record
date by a fraction: 

  
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	 	(iv)	 the numerator of which shall be the number of Subordinate Voting Shares outstanding on such record date
multiplied by the Current Market Price of the Subordinate Voting Shares on such record date; and 

  

	 	(v)	 the denominator of which shall be: 

 

	 	(A)	 the product of the number of Subordinate Voting Shares outstanding on such record date and the Current Market
Price of the Subordinate Voting Shares on such record date; less 

  

	 	(B)	 the fair market value on such record date, as determined by the directors acting reasonably and in good faith
(whose determination shall, absent manifest error, be conclusive), of such securities or property or other assets so issued or distributed in the Special Distribution; 

and the Exercise Price shall be adjusted immediately after such record date by multiplying the Exercise Price in effect on such record date by
the inverse of the aforesaid fraction. Any Subordinate Voting Shares owned by or held for the account of the Corporation shall be deemed not to be outstanding for the purpose of any such calculation. To the extent that the distribution of other
securities, evidences of indebtedness or assets is not so made or any such securities so distributed that are exercisable for Subordinate Voting Shares or convertible securities are not exercised, the number of Warrant Shares issuable upon the
exercise of each Warrant shall be readjusted to the number of Warrant Shares that would then be in effect based upon the other securities, evidences of indebtedness or assets actually distributed or based upon the number of Subordinate Voting Shares
or convertible securities actually delivered upon the exercise of any such securities so distributed that are exercisable for Subordinate Voting Shares or convertible securities, as the case may be, but subject to any other adjustment required
hereunder by reason of any event arising after the record date; and 
  

	 	(d)	 if and whenever at any time from the date hereof and prior to the Expiry Time there is a reclassification or
redesignation of the Subordinate Voting Shares or a capital reorganization of the Corporation other than as described in Section 9(a) or a consolidation, amalgamation, arrangement or merger of the Corporation with or into any other body
corporate, trust, partnership or other entity, or a sale, transfer, or conveyance of the property and assets of the Corporation as an entirety or substantially as an entirety (any such event being herein called a “Capital
Reorganization”), the Holder is entitled to receive upon exercise in accordance with the terms and conditions hereof and shall accept, in lieu of the number of Warrant Shares issuable upon the exercise of the Warrants to which it was
previously entitled, the kind and number of securities or property that the Holder would have been entitled to receive on such Capital Reorganization, if, on the effective date thereof, the Holder had been the registered holder of the number of
Warrant Shares issuable upon the exercise of Warrants then held, subject to adjustment thereafter in accordance with provisions the same, as nearly as may be possible, as those contained in this Section 9. The Corporation shall not carry into
effect any action requiring an adjustment pursuant to this Section 9(d) unless all necessary steps have been taken so that the Holder is thereafter entitled to receive such kind and number of securities or property. The Corporation, its
successor, or the purchasing body corporate, partnership, trust or other entity, as the case may be, shall, prior to or contemporaneously with any such reclassification, reorganization, consolidation, amalgamation, arrangement, merger, sale or
conveyance, execute and deliver to the Holder a warrant certificate which provides, to the extent possible, for the application of the provisions set forth in this Warrant Certificate with respect to the rights and interests thereafter of the Holder
to the end that the provisions set forth in this Warrant Certificate are correspondingly made applicable, as nearly as may reasonably be, with respect to any shares, other securities or property to which the Holder is entitled on the exercise of its
acquisition rights thereafter. 

  
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	10.	 The following rules and procedures shall be applicable to adjustments made pursuant to Section 9:

  

	 	(a)	 where Section 9 requires that an adjustment becomes effective immediately after a record date or effective
date, as the case may be for an event referred to herein, the Corporation may defer, until the occurrence of that event, issuing to the Holder exercising its acquisition rights after the record date or effective date, as the case may be and before
the occurrence of that event the adjusted number of Warrant Shares, other securities or property issuable upon the exercise of the Warrants by reason of the adjustment required by that event. If the Corporation relies on this Section 10(a) to
defer issuing an adjusted number of Warrant Shares, other securities or property to the Holder, the Holder has the right to receive any distributions made on the adjusted number of Warrant Shares (in connection with the Warrant Shares comprising the
Warrants), other securities or property declared in favour of shareholders of record on and after the date of exercise or such later date as the Holder would, but for the provisions of this Section 10(a), have become the holder of record of the
adjusted number of Warrant Shares, other securities or property pursuant to Section 9; 

  

	 	(b)	 the adjustments provided for in Section 9 are cumulative and, subject to Section 10(c), shall apply
(without duplication) to successive issues, subdivisions, combinations, consolidations, distributions and any other events that require adjustment under Section 9. After any adjustment pursuant to Section 9, the term “Warrant
Share” where used in this Warrant Certificate is interpreted to mean securities of any class or classes which, as a result of such adjustment and all prior adjustments pursuant to Section 9, the Holder is entitled to receive upon the
exercise of its Warrant, and the number of Warrant Shares issuable upon any exercise made pursuant to a Warrant is interpreted to mean the number of Warrant Shares the Holder is entitled to receive, as a result of such adjustment and all prior
adjustments pursuant to Section 9, upon the full exercise of a Warrant; 

  

	 	(c)	 no adjustment in the Exercise Price shall be required unless such adjustment would result in a change of at
least 1% in the prevailing Exercise Price and no adjustment shall be made in the number of Warrant Shares issuable upon exercise of this Warrant Certificate unless it would result in a change of at least one
one-hundredth of a Warrant Share; provided, however, that any adjustments which, except for the provisions of this Section 10(c) would otherwise have been required to be made, shall be carried forward and
taken into account in any subsequent adjustment. Notwithstanding any other provisions of Section 9, no adjustment to the Exercise Price shall be made which would result in an increase in the Exercise Price or a decreased in the number of
Warrant Shares issuable upon exercise of the Warrants (except in respect of the Subordinate Voting Share Reorganization in Section 9(a) or a Capital Reorganization in Section 9(d). 

 

	 	(d)	 in the event of a question arising with respect to the adjustments provided for herein, that question shall be
conclusively determined by auditors mutually agreed upon by the Corporation and the Holder who shall have access to all necessary records of the Corporation, and a determination by the auditors shall, absent manifest error, be binding upon the
Corporation, the Holder and all other persons interested therein; 

  

	 	(e)	 no adjustment in the number of Warrant Shares issuable upon the exercise of Warrants shall be made in respect
of any event described in Section 9, other than the events referred to in paragraphs (i) and (ii) of Section 9(a) hereof, if the Holder is entitled to participate in such event on the same terms, mutatis mutandis, as if the
Holder had exercised the Warrants prior to or on the effective date or record date of such event, subject in all cases to such stock exchange or other regulatory approval as may be required; 

 

	 	(f)	 in the event that the Corporation after the date of issue of the Warrants shall take any action affecting the
Subordinate Voting Shares, other than an action described in Section 9, which in the opinion of the directors of the Corporation, acting reasonably and in good faith, would materially affect the rights of the Holder, the number of Warrant
Shares issuable upon exercise shall be adjusted in such manner, if any, and at such time, by action of the directors, in their sole discretion acting reasonably and in good faith, as they may determine to be equitable in the circumstances, but
subject in all cases to such stock exchange or other regulatory approval as may be required. Failure of the taking of action by the directors so as to provide for an adjustment on or prior to the effective date of any action by the Corporation
affecting the Subordinate Voting Shares shall be conclusive evidence that the board of directors of the Corporation has determined that it is equitable to make no adjustment in the circumstances; 

  
 - 6 - 

	 	(g)	 if the Corporation shall set a record date to determine the holders of the Subordinate Voting Shares for the
purpose of entitling them to receive any dividend or distribution or any subscription or exercise rights and shall, thereafter and before the distribution to such shareholders of any such dividend, distribution or subscription or exercise rights,
abandon its plan to pay or deliver such dividend, distribution or subscription or exercise rights, then no adjustment in the Exercise Price or in the number of Warrant Shares issuable upon the exercise of any Warrant shall be required by reason of
the setting of such record date; 

  

	 	(h)	 no adjustment in the number of Warrant Shares issuable upon the exercise of Warrants shall be made in respect
of the issue of Subordinate Voting Shares pursuant to: 

  

	 	(  )	 the exercise of the Warrants in accordance with this Warrant Certificate; or 

 

	 	(ii)	 any stock option, stock option plan or stock purchase plan in force at the date hereof for directors, officers,
employees, advisers or consultants of the Corporation, as such option or plan is amended or superseded from time to time in accordance with the requirements of the principal Canadian stock exchange or over-the-counter market on which the Subordinate Voting Shares are then listed or quoted for trading and applicable securities laws, and such other stock option, stock option plan or stock purchase plan as
may be adopted by the Corporation in accordance with the requirements of the principal Canadian stock exchange or over-the-counter market on which the Subordinate Voting
Shares are then listed or quoted for trading and applicable securities laws; 

 and any such issue shall be deemed not to
be a Share Reorganization, a Rights Offering or a Special Distribution; 
  

	 	(i)	 in the absence of a resolution of the directors fixing a record date for a Special Distribution or Rights
Offering, the Corporation shall be deemed to have fixed as the record date therefor the date on which the Special Distribution or Rights Offering is effected; and 

 

	 	(i)	 as a condition precedent to the taking of any action which would require any adjustment in any of the
subscription rights pursuant to this Warrant Certificate, including the Exercise Price and the number or class of Warrant Shares or other securities which are to be received upon the exercise thereof, the Corporation shall take any corporate action
which may, in the reasonable opinion of counsel to the Corporation or the Holder, be necessary in order that the Corporation have unissued and reserved Subordinate Voting Shares in its authorized capital, and may validly and legally issue as fully
paid and non-assessable all the Subordinate Voting Shares and/or other securities which the holder of such Warrant Certificate is entitled to receive on the full exercise thereof in accordance with the
provisions hereof. 

  

	11.	 On the happening of each and every such event set out in Section 9, the applicable provisions of this
Warrant Certificate shall, ipso facto, be deemed to be amended accordingly and the Corporation shall take all necessary action so as to comply with such provisions as so amended. 

 

	12.	 At least 10 Business Days prior to the effective date or record date, as the case may be, of any event which
requires or might require adjustment in any of the subscription rights pursuant to this Warrant Certificate, including the Exercise Price and the number of Warrant Shares which are issuable upon the exercise thereof, or such longer period of notice
as the Corporation shall be required to provide holders of Subordinate Voting Shares in respect of any such event, the Corporation shall notify the Holder of the particulars of such event and, if determinable, the required adjustment and the
computation of such adjustment. In case any adjustment for which such notice has been given is not then determinable, the Corporation shall promptly after such adjustment is determinable notify the Holder of the adjustment and the computation of
such adjustment. 

  
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	13.	 The Corporation shall not enter into any transaction whereby all or substantially all of its undertaking,
property and assets would become the property of any other corporation (herein called a “successor corporation”) whether by way of reorganization, reconstruction, consolidation, amalgamation, merger, transfer, sale, disposition or
otherwise, unless prior to or contemporaneously with the consummation of such transaction the Corporation and the successor corporation shall have executed such instruments and done such things as, in the opinion of counsel to the Holder, are
necessary or advisable to establish that upon the consummation of such transaction: 

  

	 	(a)	 the successor corporation will have assumed all the covenants and obligations of the Corporation under this
Warrant Certificate, and 

  

	 	(b)	 this Warrant Certificate will be a valid and binding obligation of the successor corporation entitling the
Holder, as against the successor corporation, to all the rights of the holder under this Warrant Certificate. 

 Whenever
the conditions of this Section 13 shall have been duly observed and performed, the successor corporation shall possess, and from time to time may exercise, each and every right and power of the Corporation under this Warrant Certificate in the
name of the Corporation or otherwise and any act or proceeding by any provision hereof required to be done or performed by any director or officer of the Corporation may be done and performed with like force and effect by the like directors or
officers of the successor corporation. 
  

	14.	 The Corporation shall maintain a register of holders in which shall be entered the names and addresses of the
holders of the Warrants and of the number of Warrants held by them. Such register shall be open at all reasonable times for inspection by the Holder. The Corporation shall notify the Holder forthwith of any change of address of the principal office
of the Corporation. 

  

	15.	 Unless herein otherwise expressly provided, any notice to be given hereunder to the Holder shall be deemed to
be validly given if such notice is given by personal delivery or registered mail to the attention of the Holder at its registered address recorded in the registers maintained by the Corporation. Any notice so given shall be deemed to be validly
given, if delivered personally, on the day of delivery and if sent by post or other means, on the fifth Business Day next following the sending thereof. In determining under any provision hereof the date when notice of any event must be given, the
date of giving notice shall be included and the date of the event shall be excluded. 

  

	16.	 Subject as herein provided, all or any of the rights conferred upon the Holder by the terms hereof may be
enforced by the Holder by appropriate legal proceedings. 

  

	17.	 Warrant Certificates may be exchanged for certificates in any other denomination representing in the aggregate
an equal number of Warrants as the number of Warrants represented by the Warrant Certificate(s) being exchanged. The Corporation shall sign all certificates necessary to carry out the exchanges contemplated herein. Any Warrant Certificates tendered
for exchange shall be surrendered to the Corporation and cancelled. 

  

	18.	 The Warrants are transferable in accordance with this Section 18, and the term “Holder” shall
mean and include any permitted successor, transferee or assignee of the Warrants. The Warrants may be transferred by the Holder completing and delivering to the Corporation the transfer form attached hereto as Schedule “B”; provided that
all such transfers are made in compliance with all applicable securities laws and no transfer shall require that the Corporation prepare and file a prospectus, registration statement or similar document or to be registered with or to file any report
or notice with any governmental or regulatory authority or to register the Warrants or the Warrants Shares or to otherwise comply with any continuous disclosure obligations under the applicable securities laws of any jurisdiction outside of Canada
or to make any filings or seek any approvals of any kind whatsoever from any regulatory authority of any kind whatsoever in any jurisdiction outside of Canada. 

 

	19.	 This Warrant Certificate shall enure to the benefit of the Holder and the permitted successors and assignees
thereof and shall be binding upon the Corporation and the successors thereof. 

  
 - 8 - 

	20.	 The Holder acknowledges that the Warrant Shares issuable upon exercise hereby may be offered, sold or otherwise
transferred only in compliance with all applicable securities laws and stock exchange rules and policies. 

  

	21.	 The Corporation will do, execute, acknowledge and deliver or cause to be done, executed, acknowledged and
delivered, all other acts, deeds and assurances in law as may be reasonably required to effect the intentions and provisions of this certificate. 

  

	22.	 Time shall be of the essence hereof. 

 

	23.	 This Warrant Certificate shall be governed by and construed in accordance with the laws of the Province of
Ontario and the federal laws of Canada applicable therein. 

 [Remainder of Page Intentionally Left Blank.] 

  
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 IN WITNESS WHEREOF the Corporation has caused this certificate representing the Warrants to be signed
by a duly authorized officer or director. 
 DATED the              day of
                    , 2019. 

			
	HARVEST HEALTH & RECREATION INC. 

 
			
		
	By:  	 	  

		 	Authorized Signing Officer

 SCHEDULE “A” 

SUBSCRIPTION NOTICE 

TO:    HARVEST HEALTH & RECREATION INC. 

The undersigned hereby exercises the right to
acquire                                        
                    Warrant Shares of Harvest Health & Recreation Inc. (the “Corporation”) (or such number of other
securities or property to which the Warrant Certificate entitles the undersigned in lieu thereof or in addition thereto under the provisions of the Warrant Certificate) and hereby delivers and tenders to the Corporation in immediately available
funds $             in satisfaction of the aggregate Exercise Price therefor. 
 (Please check
the ONE box applicable): 
  

			
	~	  	 A. The undersigned holder hereby represents and warrants that it (i) at the time of
exercise of the Warrant, is not in the United States; (ii) is not a “U.S. person” (“U.S. Person”), as defined in Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities
Act”); (iii) is not exercising the Warrant for the account or benefit of a person in the United States or a U.S. Person; and (iv) did not execute or deliver this Subscription Notice in the United States.

		
	~	  	 B. The undersigned holder has delivered to the Corporation an opinion of counsel (which will
not be sufficient unless it is from counsel of recognized standing and in form and substance reasonably satisfactory to the Corporation) to the effect that an exemption from the registration requirements of the U.S. Securities Act and applicable
state securities laws is available.

 The undersigned hereby irrevocably directs that the said Warrant Shares be issued and delivered as follows: 

 

					
	Name(s) in Full	  	Address(es)	  	Number(s)
			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

 (Please print in full the name in which certificates for Warrant Shares are to be issued. If no name is provided,
certificates will be issued in the name shown on the Warrant Certificate. If any of the securities are to be issued to a person or persons other than the Holder, a form of transfer acceptable to the Corporation must be completed and the Holder must
pay any and all exigible transfer taxes or other government charges.) 
 DATED this
             day of                     ,
20        . 
  

	
	  

	 Signature of Holder

	
	  

	 Name of Holder

	
	  

	 Name and Title of Signatory, if Holder is not an individual

  
 A - 1 

 Notes: 

Terms used herein but not otherwise defined have the meanings ascribed thereto in the attached Warrant Certificate. 

The holder understands that unless Box A above is checked, the certificates representing the Warrant Shares shall bear the appropriate legends as determined
by legal counsel for the Corporation. 
 Unless Box B above is checked and the legal opinion described therein is delivered to the Corporation, the Warrant
Shares will not be issued to any person who has set out an address in the United States nor shall any certificates representing Warrant Shares be registered or delivered to any U.S. address. 

If Box B above is to be checked, the holder is encouraged to consult with the Corporation in advance to determine that the legal opinion tendered in
connection with exercise will be satisfactory in form and substance to the Corporation. 
 If any Warrants represented by this Warrant Certificate are not
being exercised, a new Warrant Certificate representing the unexercised Warrants will be issued and delivered with the certificates representing the Warrant Shares. 

  
 A - 2 

 SCHEDULE “B” 

FORM OF TRANSFER 
 FOR VALUE
RECEIVED, the undersigned hereby sells, assigns and transfers unto (include name and address of the transferee) Warrants exercisable for subordinate voting shares of HARVEST HEALTH & RECREATION INC. (the
“Corporation”) registered in the name of the undersigned on the register of the Corporation maintained therefor, and hereby irrevocably appoints the attorney of the undersigned to transfer the said securities on the books maintained
by the Corporation with full power of substitution. 
 DATED this             
day of                     , 20    . 

Signature of Transferor guaranteed by: 
  

			
	  
	  	  

	Name of Bank or Trust Company	  	Signature of Transferor
		
		  	  

		  	  

		  	  

		  	Address of Transferor

 Notes: 
 The name
of the transferor must correspond with the name written upon the face of the Warrant Certificate in every particular without any changes whatsoever. 
 The
signature of the Transferor on the Transfer Form must be guaranteed by an authorized officer of a chartered bank, trust company or an investment dealer who is a member of a recognized stock exchange, and the Holder must pay any applicable transfer
taxes or fees. 
 If the Transfer Form is signed by a trustee, exercise, administrator, curator, guardian, attorney, officer of a corporation or any person
acting in a judiciary or representative capacity, the Warrant Certificate must be accompanied by evidence of authority to sign satisfactory to the Corporation. 

  
 B - 1 

 SCHEDULE “D” 

Form of Draw-Down Notice 
  

	To:	 [***] (the “Investor”) 

 

	Re:	 Draw-Down Notice under Investment Agreement dated May         , 2019
between the Investor and the undersigned (the “Investment Agreement”) 

 Capitalized terms not otherwise defined in this
Draw-Down Notice shall have the meanings given to such terms in the Investment Agreement. 
 The undersigned, Harvest Health & Recreation Inc. (the
“Company”), hereby tenders to the Investor this Draw-Down Notice which, upon acceptance by the Investor, will constitute an irrevocable agreement of the Company to offer, issue and sell to the Investor, and of the Investor to
purchase from the Company, on a private placement basis, Convertible Debentures for aggregate gross proceeds of US$             as contemplated by the Investment Agreement, all on the terms
and subject to the conditions set out in this Investment Agreement. 
 The Closing Date for completion of such Tranche will be five Business Days’
following the acceptance date of this Draw-Down Notice and the issuance of the Press Release in respect of the proposed Tranche of Convertible Debentures or such later date as may be agreed between the parties. 

Please confirm all conditions in your favour have been satisfied or waived in order to proceed to closing of such Tranche of Convertible Debentures by signing
the acknowledgement below. 
 Dated this              day of
                    , 201    . 
  

			
	HARVEST HEALTH & RECREATION, INC. 
		
	By:	 	  

		 	Authorized Signing Officer

 Each of the undersigned confirms that all conditions have been met to its satisfaction and requests the Company to
proceed to (i) file an amended Form 9 (or such other form or procedure prescribed by the Exchange) to seek price protection, if necessary; (ii) issue a press release in respect of the issuance of Convertible Debentures to which this
Draw-Down Notice relates; and (iii) seek Exchange approval, if necessary, for such proposed Tranche of Convertible Debentures in the amount of $            . 

Dated this              day of
                    , 201    . 
  

			
	 [***],
 by its general
partner [***]

		
	By:	 	  

	Name: Title:	 	

  
 D - 1 

 SCHEDULE “E” 

Material Subsidiaries 
 Arizona

  

			
	 Entity
	  	 Ownership

	Harvest Dispensaries, Cultivations & Production Facilities, LLC (“Harvest DCP”)	  	Harvest Enterprises, Inc. – 100%
	Abedon Saiz, LLC	  	Harvest DCP – 100%
	BRLS Properties I LLC	  	Harvest DCP – 100%
	BRLS Properties II LLC	  	Harvest DCP – 100%
	Byers Dispensary, Inc.	  	Harvest DCP – 100%
	Dream Steam LLC	  	Harvest DCP – 75%
		  	Harvest Enterprises, Inc. – 25%
	Freckled Trout LLC	  	Harvest DCP – 100%
	Harvest Arkansas Holding LLC	  	Harvest DCP – 90.2%
		  	Harvest Enterprises, Inc. – 9.8%
	High Desert Healing, LLC	  	Harvest DCP – 100%
	Harvest Mass Holding I, LLC	  	AZ-DEL Holdings, LLC – 7.27%
		  	Harvest Enterprises, Inc. – 92.73%
	Harvest Michigan Holding, LLC	  	Harvest DCP – 7.25%
		  	Harvest Enterprises, Inc. – 92.75%
	Nature Med, Inc.	  	Harvest DCP – 100%
	Pahana, Inc.	  	Harvest DCP – 100%
	Patient Care Center 301, Inc.	  	Harvest DCP – 100%
	Randy Taylor Consulting LLC	  	Harvest DCP – 100%
	Sherri Dunn, LLC	  	Harvest DCP – 100%
	Svaccha, LLC	  	Harvest DCP – 100%
	Verde Dispensary, Inc.	  	Harvest DCP – 100%

 Arkansas 
  

			
	 Entity
	  	 Ownership

	Natural State Capital, LLC	  	Harvest Arkansas Holding, LLC – 51%
		  	Harvest Enterprises, Inc. – 49%
	Natural State Wellness Investments, LLC	  	Harvest Arkansas Holding, LLC – 51%
		  	Zeta X, LLC – 49%
	Natural State Wellness Dispensary, LLC	  	Natural State Wellness Investments, LLC – 1%
	Natural State Wellness Enterprises, LLC	  	Natural State Capital, LLC – 1%

 California 
  

			
	 Entity
	  	 Ownership

	Harvest of California, LLC	  	AZ-DEL Holdings, LLC – 7.25%
		  	Harvest Enterprises, Inc. – 92.75%
	Harvest of Culver City, LLC	  	Harvest of California, LLC – 100%
	Harvest of Hesperia, LLC	  	Harvest of California – 55%
		  	Route 66 River Holdings Inc.– 25%
		  	247X Group Limited – 20%
	Harvest of Lake Elsinore, LLC	  	Harvest of California – 75%
		  	Element 7, LLC – 25%
	Harvest of Merced, LLC	  	Harvest of California, LLC – 83%
		  	 Harvest Enterprises, Inc. – 5%
 Edgar
Contreras – 5%

		  	Anna Blazevich – 5%
		  	Brian Vicente – 2%
	Harvest of Moreno Valley, LLC	  	Harvest of California, LLC – 90%
		  	 Harvest Enterprises, Inc. – 5%

Regina Hayes – 5%

	Harvest of Napa, Inc.	  	Harvest of California, LLC – 65%
		  	Elliott Taylor – 35%
	Harvest of San Bernardino, LLC	  	Harvest of California, LLC – 80%
		  	Steve Mead – 5%
		  	Jason Gaston – 15%
	Harvest of Santa Monica, LLC	  	Harvest of California, LLC – 71.5%
		  	Sam Dabass – 10%
		  	TJ Montemer – 3%
		  	West Poletti – 3%
		  	 Blue Summer Partners, LLC – 7.5%

Erika Waltz – 5%

	Holdings of Harvest CA, LLC	  	Harvest of California, LLC – 100%
	Harvest of Union City, LLC	  	Harvest of California, LLC – 97%
		  	Kialia Nialia 3%
	Hyperion Healing, LLC	  	Harvest of California, LLC – 60%
		  	Annie Bishop – 20.4%
		  	Danny Shu – 19.6%

  
 E - 2 

 Colorado 
  

			
	 Entity
	  	 Ownership

	CBx Enterprises, LLC	  	Harvest Enterprises, Inc. – 100%
	CBx Sciences, LLC	  	CBx Enterprises, LLC – 100%

 Delaware 

 

			
	 Entity
	  	 Ownership

	AZ-DEL Holdings, LLC	  	Harvest DCP – 100%
	Harvest Enterprises, Inc.	  	Harvest Health & Recreation Inc. – 100%
	Harvest FINCO, Inc.	  	Harvest Health & Recreation Inc. – 100%
	SMPB Management, LLC	  	Harvest DCP of Pennsylvania, LLC – 85%
		  	Harvest Enterprises, Inc. – 15%
	AINA We Would LLC	  	Harvest Enterprises, Inc. – 25%
	Vulcan-Harvest, LLC	  	Harvest DCP of Nevada, LLC – 51%
		  	Vulcan Enterprises US – 49%

 Florida 

 

			
	 Entity
	  	 Ownership

	Harvest DCP of Florida, LLC	  	Harvest DCP – 10%
		  	Harvest Enterprises, Inc. – 90%
	San Felasco Nurseries, Inc.	  	Harvest Enterprises, Inc. – 100%
	AINA-WW Hollywood LLC	  	AINA We Would LLC – 100%
	AINA-CNBS Holdings LLC	  	Harvest Enterprises, Inc – 25%

 Maryland 

 

			
	 Entity
	  	 Ownership

	Harvest DCP of Maryland, LLC	  	Harvest DCP – 42.8%
		  	 Harvest Enterprises, Inc. – 52.2%

Town of Hancock – 5%

	Harvest of Maryland Cultivation, LLC	  	Harvest DCP of Maryland, LLC – 100%
	Harvest of Maryland Dispensary, LLC	  	Harvest DCP of Maryland, LLC – 100%
	Harvest of Maryland Production, LLC	  	Harvest DCP of Maryland, LLC – 100%

  
 E - 3 

 Massachusetts 
  

			
	 Entity
	  	 Ownership

	Gogriz, LLC	  	Harvest Mass Holding I, LLC – 100%
	Suns Mass, Inc.	  	Harvest Mass Holding I, LLC – 100%
	Suns Mass II, LLC	  	Harvest Mass Holding I, LLC – 100%
	Suns Mass III, LLC	  	Harvest Mass Holding I, LLC – 100%

 Michigan 

 

			
	 Entity
	  	 Ownership

	Harvest Delta of Michigan, LLC	  	Harvest Michigan Holding, LLC – 50%
		  	Harvest Enterprises, Inc. – 50%

 Nevada 

 

			
	 Entity
	  	 Ownership

	BRLS NV Properties V, LLC	  	Harvest DCP of Nevada, LLC – 100%
	Harvest DCP of Nevada, LLC	  	Harvest DCP – 100%
	Harvest of Nevada LLC	  	Harvest DCP of Nevada, LLC – 94% (Held by Steve White on behalf of the Company)
		  	Gary Pinkston – 5%
		  	Felicia Frierson – 1%
	CBx Essentials, LLC	  	CBx Enterprises, LLC – 100%

 New Jersey 

 

			
	 Entity
	  	 Ownership

	Harvest DCP of New Jersey, LLC	  	Harvest DCP – 100%

 North Dakota 

 

			
	 Entity
	  	 Ownership

	Harvest DCP Holding of North Dakota, LLC	  	Harvest DCP – 100%
	Harvest of Williston, LLC (HOFW, LLC)	  	Harvest DCP Holding of North Dakota, LLC – 100% (Held by
		  	Steve White on behalf of the Company)
	Harvest of Bismarck-Mandan, LLC (HOFB, LLC)	  	Harvest DCP Holding of North Dakota, LLC – 95% (Held by
		  	 Steve White on behalf of the Company)

Gary Pinkston – 5%

  
 E - 4 

 Ohio 
  

			
	 Entity
	  	 Ownership

	Harvest of Ohio, LLC	  	Ariane Kirkpatrick – 51%
		  	Steve White – 49%
	BRLS OH Properties III, LLC	  	Harvest DCP of Ohio, LLC – 100%
	Harvest DCP of Ohio, LLC	  	Harvest DCP – 100%
	Harvest Grows Management, LLC	  	Harvest DCP of Ohio, LLC – 94.75%
		  	Harvest Enterprises, Inc. – 5.25%
	Harvest Grows Properties, LLC	  	Harvest DCP of Ohio, LLC – 100%
	Harvest of Ohio Management, LLC	  	Harvest DCP of Ohio, LLC – 94.75%
		  	Harvest Enterprises, Inc. – 5.25%

 Pennsylvania 

 

			
	 Entity
	  	 Ownership

	Harvest DCP of Pennsylvania, LLC	  	Harvest DCP – 100%
	Harvest of PA Management, LLC	  	Harvest DCP of Pennsylvania, LLC – 81%
		  	Harvest Enterprises, Inc. – 10%
		  	Valetta Stewart – 1.5%
		  	Gary Pinkston – 5%
		  	Bronstein Consulting, LLC – 2.5%
	SMPB Retail, LLC	  	Alicia Didonato – 100%
	Harvest of Southeast PA, LLC	  	Valetta Stewart – 51%
		  	Steve White 49%
	Harvest of Northeast PA, LLC	  	Valetta Stewart – 51%
		  	Steve White 49%
	Harvest of South Central PA, LLC	  	Valetta Stewart – 51%
		  	Steve White 49%
	Harvest of North Central PA, LLC	  	Valetta Stewart – 51%
		  	Steve White 49%
	Harvest of Southwest PA, LLC	  	Valetta Stewart – 51%
		  	Steve White 49%
	Harvest of Northwest PA, LLC	  	Valetta Stewart – 51%
		  	Steve White 49%

  
 E - 5EX-4.11

 Exhibit 4.11 

UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS 4 MONTHS AND A DAY AFTER
APRIL 23, 2020. 
 NEITHER THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE 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 AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY. THIS SECURITY AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY MAY BE PLEDGED IN
CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES. 
  

	 Date of Issue: April 23, 2020 
	 Warrant Certificate No. 2020-02 

14,350 WARRANTS TO PURCHASE MULTIPLE VOTING SHARES OF 

HARVEST HEALTH & RECREATION, INC. 

THIS CERTIFIES that, for value received, Cumberland Property Leasing, LLC, a Pennsylvania limited liability company (the “Holder”) is
the registered holder of 14,350 warrants (each, a “Warrant” and collectively, the “Warrants”) represented by this certificate (this “Warrant Certificate”, which shall include any certificate issued
in replacement thereof). Each whole Warrant shall entitle the Holder, subject to the terms and conditions set forth in this Warrant Certificate, to acquire from Harvest Health & Recreation, Inc., a British Columbia corporation (the
“Corporation”) one (1) fully paid and non-assessable Multiple Voting Share (as defined below) on payment of CAD$131.60 (the Exercise Price (as defined below)) per Multiple Voting Share
multiplied by the number of Multiple Voting Shares subscribed for, on and subject to the terms and conditions set forth below, at any time on or before the Expiry Time (as defined below). The Warrants are being issued to the Holder pursuant to the
terms of a redeemable promissory note issued by the Corporation to the Holder dated as of June 28, 2019 (the “Note”) pursuant to the terms of a Real Estate and Asset Purchase Agreement entered into by the Holder and BRLS
Properties PA-SE, LLC (“Buyer”) dated March 22, 2019, as amended by that certain Amendment to Real Estate and Asset Purchase Agreement entered into by the Holder and BRLS Properties PA-SE, LLC dated May 20, 2019, and as further amended by that certain Second Amendment to Real Estate and Asset Purchase Agreement entered into by the Holder and BRLS Properties
PA-SE, LLC dated June 12, 2019 (the “REPA”). 
  

	1.	 Definitions 

In this Warrant Certificate, including the preamble, unless there is something in the subject matter or context inconsistent therewith, the
following expressions shall have the following meanings namely and the meanings set forth in the Note and the REPA: 

	 	(a)	 “Business Day” means a day, other than a Saturday, Sunday or statutory holiday, on which the
principal commercial banks located in Toronto and Sydney are open for business during normal banking hours; 

  

	 	(b)	 “Exercise Price” means CAD$131.60, which is equal to 100 times the ten (10) day volume
weighted average price for each share of the Corporation’s Subordinate Voting Shares (the “Subordinate Voting Shares”) on the Canadian Securities Exchange (the “CSE”) over the ten business days preceding the
date the Corporation or its affiliate sends written notice to the Holder of the Corporation’s or its affiliate’s intent to redeem the Note (the “Redemption Notice Date”); 

 

	 	(c)	 “Expiry Time” means 5:00 p.m., Toronto, Ontario time, on the date that is three years from
date of issue set forth above; 

  

	 	(d)	 “Indemnity Note” means that certain Indemnity Holdback Promissory Note dated June
    , 2019 in the original principal amount of $150,000.00 from Buyer in favor of Holder. 

  

	 	(e)	 “Multiple Voting Shares” means the Multiple Voting Shares of the Corporation as such shares
are constituted on the date hereof, as the same may be reorganized, reclassified or redesignated pursuant to any of the events set out in Section 4 hereof; 

 

	 	(f)	 “Number of Warrants” means a number of Multiple Voting Shares equal to the product of (i) 0.35
and (ii) forty-one thousand (41,000), subject to adjustment as provided for herein. 

  

	 	(g)	 “One Year Warrant” means that Warrants to Purchase Multiple Voting Shares of Harvest
Health & Recreation, Inc. issued to Holder for 41,000 Multiple Voting Shares on the date hereof that contains a one (1) year exercise period. 

  

	 	(h)	 “Person” means any individual, sole proprietorship, limited or unlimited liability
corporation, limited liability company, partnership, unincorporated association, unincorporated syndicate, body corporate, joint venture, trust, pension fund, union, governmental authority, and a natural person including in such natural
person’s capacity as trustee, heir, beneficiary, executor, administrator or other legal representative; 

  

	 	(i)	 “Subscription Form” means the form of subscription annexed hereto as Schedule “A”;

  

	 	(j)	 “Transfer Form” means the transfer form annexed hereto as Schedule “B” to this
Warrant Certificate; and 

  

	 	(k)	 “this Warrant Certificate”, “Warrant Certificate”, “herein”,
“hereby”, “hereof”, “hereto”, “hereunder” and similar expressions mean or refer to this Warrant Certificate and any deed or instrument supplemental or ancillary thereto and any
schedules hereto or thereto and not to any particular article, section, subsection, clause, subclause or other portion hereof. 

  
 - 2 - 

	2.	 Expiry Time 

After the Expiry Time, all rights under any Warrant evidenced hereby, in respect of which the right of subscription and purchase herein
provided for shall not theretofore have been exercised, shall wholly cease and terminate and such Warrants shall be void and of no value or effect. 
  

	3.	 Exercise Procedure 

Subject to the restrictions provided for in Section 4(c), the Holder may exercise, in whole or in part, at any time commencing after the
date hereof, the right of purchase provided herein prior to the Expiry Time provided that: 
  

	 	(a)	 this Warrant Certificate, with the Subscription Form is duly completed and executed by the Holder or its legal
representative or attorney, duly appointed by an instrument in writing in form and manner satisfactory to the Corporation; and 

  

	 	(b)	 a certified cheque, money order or bank draft payable to or to the order of the Corporation in Canadian
currency in an amount equal to the Exercise Price multiplied by the number of Multiple Voting Shares for which such subscription is being made, up to the Number of Warrants. 

Any Warrant Certificate and cash, certified cheque, money order or bank draft referred to in the foregoing clauses shall be deemed to be
surrendered only upon delivery thereof to the Corporation at its principal office in the manner provided in Section 24 hereof. 
 This
Warrant Certificate is exchangeable, upon the surrender hereof by the Holder, for new Warrant Certificates of like tenor representing, in the aggregate, the same number of Warrants and entitling the Holder to the right to subscribe for the same
aggregate number of Multiple Voting Shares at the same Exercise Price which may be subscribed for hereunder, up to the Number of Warrants. 

4.    Adjustment to Exercise Price and Number of Warrants. The number of and kind of securities purchasable upon exercise of this
Warrant and the Exercise Price shall be subject to adjustment from time to time as follows: 
 (a) Subdivisions, Combinations and
Other Issuances. If the Corporation shall at any time before the expiration of this Warrant subdivide or split the Multiple Voting Shares or its Subordinate Voting Shares, adjust the conversion ratio of the Multiple Voting Shares with respect to
the Subordinate Voting Shares, combine or reverse split its the Multiple Voting Shares or its Subordinate Voting Shares, or issue additional Multiple Voting Shares or its Subordinate Voting Shares as a dividend, the number of Multiple Voting Shares
issuable on the exercise of this Warrant shall forthwith be proportionately increased in the case of a subdivision, split, stock dividend, negative adjustment in the conversion ratio of the Multiple Voting Shares with respect to the Subordinate
Voting Shares, or proportionately decreased in the case of a combination, reverse split, or positive adjustment in the conversion ratio of the Multiple Voting Shares with respect to the Subordinate Voting Shares. Appropriate adjustments shall also
be made to the Exercise Price. Any adjustment under this Section 4(a) shall become effective at the close of business on the date the subdivision, split, stock dividend, combination, reverse split, or adjustment in conversion ratio becomes
effective, or as of the record date of such dividend, or in the event that no record date is fixed, upon the making of such dividend. 

  
 - 3 - 

 (b) Reclassification, Reorganization and Consolidation. If after the date hereof the
Corporation shall enter into any Reorganization (as hereinafter defined), then, as a condition of such Reorganization, lawful provisions shall be made, and duly executed documents evidencing the same from the Corporation or its successor shall be
delivered to the Holder, so that the Holder shall thereafter have the right to purchase, at a total price not to exceed that payable upon the exercise of this Warrant in full, the kind and amount of shares of stock and other securities and property
receivable upon such Reorganization by a holder of the number of shares of Multiple Voting Shares which might have been purchased by the Holder immediately prior to such Reorganization (and for the avoidance of doubt, if the Holder of Multiple
Voting Shares upon such Reorganization had conversion rights with respect thereto, the Holder of such Multiple Voting Shares shall have the option to so convert such Multiple Voting Shares and thereupon shall have the right to purchase, at a total
price not to exceed that payable upon the exercise of this Warrant in full, the kind and amount of shares of stock and other securities and property receivable upon such Reorganization by a holder of the number of shares of stock into which the
Multiple Voting Shares were converted which might have been purchased by the Holder immediately prior to such Reorganization), and in any such case appropriate provisions shall be made with respect to the rights and interest of the Holder to the end
that the provisions hereof (including without limitation, provisions for the adjustment of the Exercise Price and the number of Multiple Voting Shares issuable hereunder) shall thereafter be applicable in relation to any shares of stock or other
securities and property thereafter deliverable upon exercise hereof. For the purposes of this Section 4(d), the term “Reorganization” shall include without limitation any reclassification, capital reorganization or change in
the capital stock of the Corporation (other than as a result of a subdivision, split, stock dividend, combination, reverse split, or adjustment in conversion ratio provided for in Section 4(a) above), or any consolidation of the Corporation
with, or merger of the Corporation into, another corporation or other business organization (other than a merger in which the Corporation is the surviving corporation and which does not result in any reclassification or change of the outstanding
capital stock of the Corporation), or any sale or conveyance to another corporation or other business organization of all or substantially all of the assets of the Corporation. 

(c) Indemnity Offset. 

(i) In the event that there shall occur a Third Party Claim or any claim for any environmental liability for which
indemnification for any Loss and Expense is sought under the REPA, Holder shall have the option to defend, indemnify and hold the Buyer Indemnified Parties harmless of such Third Party Claim or environmental claim pursuant to and in accordance with
Section 8.2 of the REPA and employ counsel of its choice to do so. A Loss and Expense, whether resulting from a Third Party Claim, an environmental claim, or a direct claim by a Buyer Indemnified Party, shall be set off against the Indemnity
Note, payable, or used to reduce any Warrants hereunder (all as set forth more fully below), upon the earlier of such Loss and Expense being agreed upon by the applicable Buyer Indemnified Party and the Holder or being finally determined pursuant to
a final judgment after exhaustion of all possible appeals (the “Loss and Expense Determination Date”). Upon such Loss and Expense being subject to set off against the Indemnity Note, payable, or used to reduce any Warrants hereunder
(all as set forth more fully below) on the Loss and Expense Determination Date, such Loss and Expense shall first be set off against the then-outstanding principal of the Indemnity Note, and with respect to any remaining Loss and Expense not so set
off, the Holder shall have the option (the “Indemnification Option”) in its sole and absolute discretion to: (a) pay in cash to the applicable Buyer Indemnified Party the amount of such remaining Loss and Expense; or
(b) if such remaining Loss and Expense exceeds the amount of Warrants available for reduction under 

  
 - 4 - 

 
the One Year Warrant, to permit the Corporation to reduce the Number of Warrants as set forth below up to the amount of such remaining Loss and Expense. Upon the applicable Loss and Expense being
fully set-off against the Indemnity Note, or paid in cash or used to reduce the Number of Warrants, all as set forth above, such Loss and Expense shall be fully and finally settled and resolved; provided that
the agreement between Buyer and Holder or the final judgment (after exhaustion of all possible appeals) of a Loss and Expense shall not constitute a waiver of any other Loss and Expense not subject to such agreement or final judgment. The
Indemnification Option shall be exercised by Holder by delivering written notice of such exercise to the applicable Buyer Indemnified Party within fifteen (15) days of the Loss and Expense Determination Date, and in the event the
Indemnification Option is to pay to the applicable Buyer Indemnified Party the full amount of an indemnifiable Loss and Expense in cash, the Holder shall deliver such cash amount to the applicable Buyer Indemnified Party on or before such fifteenth
(15th) day. Notwithstanding anything to the contrary, during the pendency of any claims, actions, suits, demands, requests, negotiations, mediations, arbitrations, or any other form of proceedings pursuant to which any indemnification for any Loss
and Expense is sought (collectively, “Indemnification Claim”), if the Expiry Period expires during the pendency of the Indemnification Claim with respect to any Warrants subject to the Buyer Indemnity Amount, the Expiry Period for
such Warrants shall be tolled and shall be extended by an amount of time equal to the duration of such Indemnification Claim plus an additional 30 days, but in no event shall such Expiry Period be extended by more than one (1) year after the
Original Expiry Period. For clarification purposes only, if an Indemnification Claim for a Loss and Expense is commenced or asserted within one (1) year of the date of the Note and the Loss and Expense subject to such Indemnification Claim has
not been agreed upon by the applicable Buyer Indemnified Party and the Holder or finally determined pursuant to a final judgment after exhaustion of all possible appeals on or before the one (1) year anniversary of the Note (such
Indemnification Claim, a “Holdover Claim”), that portion of the outstanding principal amount of the Indemnity Note as of such one (1) year date equal to the Loss and Expense of the Holdover Claim shall continue to be held
subject to the Indemnity Note and shall be available for offset (if applicable) on the Loss and Expense Determination Date; provided that if the outstanding principal amount of the Indemnity Note as of such one (1) year date is not equal to or
in excess of the Loss and Expense of the Holdover Claim, then to Holder shall have the option of: (i) posting a cash bond in an amount equal to the excess Loss and Expense (less the amount of Warrants Holder has permitted the Corporation to
hold in abeyance until the Loss and Expense Determination Date under the One Year Warrant); or (ii) permitting the Corporation to hold in abeyance until the Loss and Expense Determination Date the Number of Warrants equal to the excess Loss and
Expense (using the valuation methodology described in Section 4(c)(ii) below) (less the amount of Warrants Holder has permitted the Corporation to hold in abeyance until the Loss and Expense Determination Date under the One Year Warrant) (any
such Warrants, “Holdover Warrants”); provided further that with respect to any Holdover Warrants that are not finally used to reduce any Loss and Expense of the Holdover Claim, the Expiry Period for such Holdover Warrants shall be
tolled and shall be extended by an amount of time equal to the duration of such Indemnification Claim plus an additional 30 days but in no event shall such Expiry Period be extended by more than one (1) year after the Original Expiry Period.

 (ii) In the event that Holder does not exercise the Indemnification Option to pay to the applicable Buyer Indemnified
Party the full amount of an indemnifiable Loss and Expense in cash, the Number of Warrants shall be reduced on the sixteenth (16th) day 

  
 - 5 - 

 
following the Loss and Expense Determination Date by an amount equal to zero and 35/100 (0.35) of a Warrant (i.e., 0.35 of a Warrant) for each $100.00 of such Loss and Expense (all such amounts
of Loss and Expense shall be rounded to the nearest $100.00) (the “Buyer Indemnity Amount”) in excess of the sum of (a) the then-outstanding principal amount of the Indemnity Note; plus (b) the product of (A) $100.00;
multiplied by (B) of Warrants available for reduction under the One Year Warrant (the “Net Indemnity Claim” and collectively, the “Indemnity Offset Warrants”), without prejudice to any other right or remedy the
Corporation has or may have under the REPA. The number of Indemnity Offset Warrants shall be rounded to the nearest whole Warrant. If the Loss and Expense is a result of a claim or demand and: (a) the amount of such Loss and Expense is not
determined pursuant to a final judgment; (b) cannot be ascertained through the use of a commercially accepted value/loss assessment methodology; and (c) the Holder and Buyer are unable to agree on such amount after good faith negotiations,
then an amount equal to Buyer’s good faith estimate of the amount of such claim shall be used to determine the amount of Loss and Expense for purposes of computing the Buyer Indemnity Amount. For illustration purposes only, if there is an
indemnifiable Loss and Expense equal to $150,200.00 and the then-outstanding principal amount of the Indemnity Note is $150,000.00 and the amount of Warrants available for reduction under the One Year Warrant is zero (0), the Buyer Indemnity Amount
shall be equal to $200.00, and the number of Indemnity Offset Warrants shall be equal to 70/100 (0.70) of a Warrant (i.e., 0.70 of a Warrant). Notwithstanding anything to the contrary in this Warrant or the REPA, if the Buyer Indemnified Party is
eligible for recovery of Loss and Expense under Section 8.4 of the REPA, Buyer Indemnified Party shall be entitled to indemnification recovery by such Net Indemnity Claim only up to the entire amount of the Loss and Expense and shall not be
entitled to double recovery. 
 (d) Notice of Adjustment. When any adjustment is required to be made in the number or kind of shares
purchasable upon exercise of the Warrant, or in the Exercise Price, the Corporation shall promptly notify the Holder of such event and of the number of Multiple Voting Shares or other securities or property thereafter purchasable upon exercise of
this Warrant. 
  

	5.	 Entitlement to Warrant Certificate 

Upon such delivery and payment as aforesaid, the Corporation shall cause to be issued to the Holder hereof the Multiple Voting Shares
subscribed for not exceeding those which such Holder is entitled to purchase pursuant to the Warrants represented by this Warrant Certificate, and the Holder hereof shall become a shareholder of the Corporation in respect of such shares with effect
from the date of such delivery and payment, and shall be entitled to delivery of a certificate or certificates (or at Holder’s option, a direct registration system statement, if available) evidencing such shares and the Corporation shall cause
such certificate or certificates to be mailed by registered or certified mail or couriered by a nationally recognized overnight courier, all via overnight delivery, to the Holder at the address or addresses specified in such subscription within
three (3) Business Days of such delivery and payment (the “Warrant Share Delivery Date”). The issuance of certificates of Multiple Voting Shares upon the exercise of the Warrants shall be made without charge to the Holder for
any issuance tax in respect thereto, provided that the Corporation shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any certificate in a name other than that of the Holder.

  
 - 6 - 

 Without limiting the rights afforded herein, if the Corporation fails to transmit to the
Holder the applicable Multiple Voting Shares by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise. 
  

	6.	 Partial Exercise 

The Holder may subscribe for and purchase a number of Multiple Voting Shares less than the number the Holder is entitled to purchase pursuant
to this Warrant Certificate. In the event of any such subscription and purchase prior to the Expiry Time, the Holder shall, in addition, be entitled to receive, without charge, a new Warrant Certificate representing Warrants in respect of the
balance of the Multiple Voting Shares of which the Holder was entitled to purchase pursuant to this Warrant Certificate and which were then not purchased. 
  

	7.	 No Fractional Shares 

Under no circumstances shall the Corporation be obliged to issue any fractional Multiple Voting Shares or any cash or other consideration in
lieu thereof upon the exercise of one or more Warrants. To the extent that the Holder of one or more Warrants would otherwise have been entitled to receive on the exercise or partial exercise thereof a fraction of a Multiple Voting Share, the Holder
may exercise that right in respect of the fraction only in combination with another Warrant or Warrants that in the aggregate entitle the Holder to acquire a whole number of Multiple Voting Shares. 

 

	8.	 Not a Shareholder 

Nothing in this Warrant Certificate or in the holding of the Warrants evidenced hereby shall be construed as conferring upon the Holder any
right or interest whatsoever as a shareholder of the Corporation. 
  

	9.	 No Obligation to Purchase 

Nothing herein contained or done pursuant hereto shall obligate the Holder to purchase or pay for, or the Corporation to issue, any shares
except those shares in respect of which the Holder shall have exercised its right to purchase hereunder in the manner provided herein. 
  

	10.	 Transfer 

Subject to compliance with applicable laws and the terms hereof, the Warrants evidenced hereby may not be transferred until the later of
(i) one year after the issuance date of the Note or (ii) the resolution of all Indemnification Claim that are commenced within one (1) year of the issuance date of the Note, provided that if this clause (ii) shall delay the
transferability of the Warrants pursuant to this sentence, the number of Warrants that exceed the claimed Loss and Expense that is subject to Indemnification Claim may be freely transferred. No transfer of the Warrants evidenced hereby shall be
effective unless this Warrant Certificate is accompanied by a duly executed Transfer Form or other instrument of transfer in such form as the Corporation may from time to time prescribe, together with such evidence of the genuineness of each
endorsement, execution and authorization and of other matters as may reasonably be required by the Corporation, and delivered to the Corporation. No transfer of the Warrants evidenced hereby shall be made if in the opinion of counsel to the
Corporation such transfer would result in the violation of any applicable securities laws. Subject to the foregoing, the Corporation shall issue and mail as soon as practicable, and in any event within five (5) Business Days of such delivery, a
new Warrant 

  
 - 7 - 

 
Certificate (with or without legends as may be appropriate) registered in the name of the transferee or as the transferee may direct and shall take all other necessary actions to effect the
transfer as directed. 
  

	11.	 Covenants 

  

	 	(a)	 The Corporation covenants and agrees that: 

 

	 	(i)	 so long as any Warrants evidenced hereby remain outstanding, it shall reserve and there shall remain unissued
out of its authorized capital at least a number of Multiple Voting Shares sufficient to satisfy the right of purchase herein provided for should the Holder determine to exercise its rights in respect of all the Multiple Voting Shares for the time
being called for by such outstanding Warrants; and 

  

	 	(ii)	 all Multiple Voting Shares which shall be issued upon the exercise of the right to purchase herein provided
for, upon payment therefor of the amount at which such Multiple Voting Shares may at the time be purchased pursuant to the provisions hereof, shall be issued as fully paid and non- assessable Multiple Voting
Shares and the holders thereof shall not be liable to the Corporation or to its creditors in respect thereof. 

  

	 	(b)	 The Corporation shall preserve and maintain its corporate existence. 

 

	 	(c)	 The Corporation shall not, by amendment of its governing documents, or through any reorganization, transfer of
assets, consolidation, merger, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed by it hereunder, but shall at all times in
good faith assist in the carrying out of all the provisions of this Warrant and in the taking of all such action as may reasonably be requested by the Holder in order to protect the exercise rights of the Holder against dilution or other impairment,
consistent with the tenor and purpose of this Warrant. 

  

	12.	 Representations and Warranties 

The Corporation hereby represents and warrants with and to the Holder that the Corporation is duly authorized and has the corporate and lawful
power and authority to create and issue the Warrants evidenced hereby and the Multiple Voting Shares issuable upon the exercise hereof and perform its obligations hereunder and that this Warrant Certificate represents a valid, legal and binding
obligation of the Corporation enforceable in accordance with its terms. 
  

	13.	 If Share Transfer Books Closed 

The Corporation shall not be required to deliver certificates for Multiple Voting Shares while the share transfer books of the Corporation are
properly closed, prior to any meeting of shareholders or for the payment of dividends or for any other purpose and in the event of the surrender of any Warrants in accordance with the provisions hereof and the making of any subscription and payment
for the Multiple Voting Shares called for thereby during any such period delivery of certificates for Multiple Voting Shares may be postponed for not exceeding five (5) Business Days after the date of the
re-opening of said share transfer books; provided, however, that any such postponement of delivery of certificates shall be without prejudice to the right of the

  
 - 8 - 

 
Holder, if the Holder has surrendered the same and made payment during such period, to receive such certificates for the Multiple Voting Shares called for after the share transfer books have been
re-opened. 
  

	14.	 Protection of Shareholders, Officers and Directors 

Subject as herein provided, all or any of the rights conferred upon the Holder may be enforced by the Holder by appropriate legal proceedings.
No recourse under or upon any obligation, covenant or agreement herein contained or in any of the Warrants evidenced hereby shall be taken against any shareholder, officer or director of the Corporation, either directly or through the Corporation,
it being expressly agreed and declared that the obligations under the Warrants evidenced hereby are solely corporate obligations of the Corporation and that no personal liability whatever shall attach to or be incurred by the shareholders, officers,
or directors of the Corporation or any of them in respect thereof, any and all rights and claims against every such shareholder, officer or director being hereby expressly waived as a condition of and as a consideration for the issue of the Warrants
evidenced hereby. 
  

	15.	 Lost Warrant Certificate 

If the Warrant Certificate evidencing the Warrants issued hereby becomes stolen, lost, mutilated or destroyed the Corporation may, on such
terms, as it may in its discretion impose, respectively issue and countersign a new certificate evidencing the Warrants of like denomination, tenor and date as the certificate so stolen, lost mutilated or destroyed provided that the Holder shall
bear the reasonable cost of the issue thereof and in case of loss, destruction or theft, shall, as a condition precedent to the issue thereof, furnish to the Corporation such evidence of ownership and of the loss, destruction or theft of the Warrant
Certificate which shall be satisfactory to the Corporation, in its sole discretion acting reasonably, and the Holder may also be required to furnish an indemnity in form satisfactory to the Corporation, in its sole discretion acting reasonably, and
shall pay the reasonable charges of the Corporation in connection therewith.. 
  

	16.	 Governing Law 

This Warrant Certificate shall be governed by, and construed in accordance with, the laws of the Province of British Columbia and the federal
laws of Canada applicable therein, governing contracts made and to be performed wholly therein, and without reference to its principles governing the choice or conflict of laws. 

 

	17.	 Severability 

If, in any jurisdiction, any provision of this Agreement or its application to the Corporation and/or the Holder or circumstance is restricted,
prohibited or unenforceable, such provision shall, as to such jurisdiction, be ineffective only to the extent of such restriction, prohibition or unenforceability without invalidating the remaining provisions of this Warrant Certificate, without
affecting the validity or enforceability of such provision in any other jurisdiction and without affecting its application to other parties or circumstances.. 
  

	18.	 Headings 

The headings of the sections, subsections and clauses of this Warrant Certificate have been inserted for convenience and reference only and do
not define, limit, alter or enlarge the meaning of any provision of this Warrant Certificate. 

  
 - 9 - 

	19.	 Numbering 

Unless otherwise stated, a reference herein to a numbered or lettered section, subsection, clause, subclause or schedule refers to the section,
subsection, clause, subclause or schedule bearing that number or letter in this Warrant Certificate. 
  

	20.	 Gender 

Whenever used in this Warrant Certificate, words importing the singular number only shall include the plural, and vice versa, and words
importing the masculine gender shall include the feminine gender. 
  

	21.	 Day not a Business Day 

In the event that any day on or before which any action is required to be taken hereunder is not a Business Day, then such action shall be
required to be taken on or before the requisite time on the next succeeding day that is a Business Day. 
  

	22.	 Computation of Time Period 

Except to the extent otherwise provided herein, in the computation of a period of time from a specified date to a later specified date, the
word “from” means “from and including” and the words “to” and “until” each mean “to but excluding”. 
  

	23.	 Binding Effect 

This Warrant Certificate and all of its provisions shall enure to the benefit of the Holder and its successors and permitted assigns and shall
be binding upon the Corporation and its successors and permitted assigns. 
  

	24.	 Notice 

Any notice, direction or other communication given pursuant to this Warrant Certificate (each a “Notice”) must be in writing,
sent by personal delivery, courier or email and addressed: 
 if to the Corporation: 

BRLS Properties PA-SE, LLC 

1155 W. Rio Salado Parkway, Suite 201 

Tempe, AZ 85281 
 Attn: Lazarus
Rothstein, Assistant General Counsel 
 E-mail: lrothstein@harvestinc.com 

if to the Holder at: 
 Cumberland
Property Leasing, LLC 
 500 Summer Street, Suite 405 

Stamford, CT 06901 
 Attn: Darin
Clay, Managing Member 
 E-mail: darin@sdscapital.com 

With a copy to: 

  
 - 10 - 

 Fox Rothschild LLP 

2000 Market Street 
 Suite 2000

 Philadelphia, PA 19103 

Attn: Joshua Horn, Esq. 
 E-mail: jhorn@foxrothschild.com 
 Any Notice, if personally delivered (including through delivery by
courier), shall be deemed to have been validly and effectively given and received on the date of such delivery, if delivered before 5:00 p.m. on a Business Day in the place of delivery, or the next Business Day in the place of delivery, if not
delivered on a Business Day or if delivered after 5:00 p.m. on a Business Day in the place of delivery, and if sent by electronic communication with confirmation of transmission, shall be deemed to have been validly and effectively given and
received on the Business Day on the date of such electronic communication, if received before 5:00 p.m. on a Business Day in the place of receipt, or the next Business Day in the place of receipt, if not received on a Business Day or if received
after 5:00 p.m. on a Business Day in the place of receipt. Any Party may at any time change its address for service from time to time by giving notice to the other Party in accordance with this Agreement. 

 

	25.	 Execution 

This Warrant may be executed and delivered by fax or other means of electronic transmission (e.g. PDF), and all such counterparts and faxes (or
PDFs) together constitute one agreement. 
 [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 - 11 - 

 IN WITNESS WHEREOF the Corporation has caused this Warrant Certificate to be signed by its duly
authorized officer as of this 23rd day of April, 2020. 
  

			
	Harvest Health & Recreation, Inc.
		
	Per:  	 	

		 	  
 Name: Steve White

		 	Title:   Chief Executive Officer

  
  
  

  
 - 12 - 

 SCHEDULE “A” 

SUBSCRIPTION FORM 

TO:    Harvest Health & Recreation Inc. 

The undersigned holder of the within warrant certificate hereby irrevocably subscribes for [INSERT NUMBER OF SHARES] Multiple Voting Shares of Harvest
Health & Recreation, Inc., a British Columbia corporation (the “Corporation”) pursuant to the within warrant certificate at the Exercise Price per share specified in the said warrant certificate and encloses herewith cash or a
certified cheque, money order or bank draft payable to the order of the Corporation in payment of the subscription price therefor. Capitalized terms used herein have the meanings set forth in the within warrant certificate. 

The undersigned hereby acknowledges that the following legends may be placed on the certificates representing the Multiple Voting Shares: 

UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE THE DATE THAT IS 4 MONTHS AND
A DAY AFTER APRIL 23, 2020. 
 NEITHER THIS SECURITY OR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR REGISTERED OR QUALIFIED UNDER ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, DELIVERED AFTER SALE, TRANSFERRED, PLEDGED, OR HYPOTHECATED UNLESS QUALIFIED AND
REGISTERED UNDER APPLICABLE STATE AND FEDERAL SECURITIES LAWS OR UNLESS, IN THE OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, SUCH QUALIFICATION AND REGISTRATION ARE NOT REQUIRED. ANY TRANSFER OF THE SECURITIES REPRESENTED BY THIS
INSTRUMENT IS FURTHER SUBJECT TO OTHER RESTRICTIONS, TERMS AND CONDITIONS WHICH ARE SET FORTH HEREIN. 
 DATED this
             day of                     , 20    . 

 

			
	NAME:	 	  

	Signature:	 	  

	Address:	 	  

  

	☐	 Please check box if these Multiple Voting Share certificates are to be delivered at the office where this
warrant certificate is surrendered, failing which the Multiple Voting Shares certificates will be mailed to the subscriber at the address set out above. 

If any Warrants represented by this certificate are not being exercised, a new certificate may be issued and delivered with the Multiple Voting Share
certificates. 

 SCHEDULE “B” 

TRANSFER FORM 
  

					
	TO:	  	    [●]	  	
		  	Attention:	  	        ●
		  	Email:	  	        ●

 FOR VALUE RECEIVED, the undersigned transferor hereby sells, assigns and transfers unto 

 

	
	  

	(Transferee)
	  

	(Address)
	  

	(Social Insurance Number)

                      of
the Warrants registered in the name of the undersigned transferor represented by the attached Warrant Certificate. 
 THE UNDERSIGNED TRANSFEROR HERBY
CERTIFIES AND DECLARES that the Warrants are not being offered, sold or transferred to, or for the account or benefit of, a U.S. Person (as defined in Rule 902(k) of Regulation S under the United States Securities Act of 1933, as amended (the
“U.S. Securities Act”)) or a person within the United States unless registered under the U.S. Securities Act and any applicable state securities laws or unless an exemption from such registration is available. 

DATED this              day of
                    ,            . 

 

					
	  
	  	  
	  	
	Signature of Registered Holder	  	Signature Guarantee	  	
	(Transferor)	  		  	
			
	  
	  		  	
	Print name of Registered Holder	  		  	
			
	  
	  		  	
			
	  
	  		  	
	Address	  		  	

 NOTE:    The signature on this transfer form must correspond with the name as recorded on the face
of the Warrant Certificate in every particular without alteration or enlargement or any change whatsoever or this transfer form must be signed by a duly authorized trustee, executor, administrator, curator, guardian, attorney of the Holder or a duly
authorized signing officer in the case of a corporation. If this transfer form is signed by any of the foregoing, or any person acting in a fiduciary or representative capacity, the Warrant Certificate must be accompanied by evidence of authority to
sign. 
 All endorsements or assignments of these Warrants must be signature guaranteed by a bank or trust company or by a member of a stock exchange in
Canada.

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