Document:

EX-10.1

 Exhibit 10.1 

THIRD AMENDMENT OF LEASE 

THIS THIRD AMENDMENT OF LEASE (hereinafter “Amendment”) is entered into to be effective as of the 31st day of May 2017, by BHX, LLC, a Massachusetts limited liability company, as Trustee of 784 Realty Trust (hereinafter “Landlord”), and INFINITY PHARMACEUTICALS, INC., a Delaware
corporation (hereinafter “Tenant”). 
 WITNESSETH 

WHEREAS, Landlord and Tenant are parties to a Lease dated September 25, 2014 (the “Original Lease”), as amended by that
certain Amendment of Lease dated as of March 27, 2017 (the “First Amendment”), as amended by that certain Second Amendment of Lease dated as of May 1, 2017 and, together with the Original Lease and the First Amendment, the
“Lease”), pursuant to which Landlord has leased to Tenant space in the building located at and commonly known as 784 Memorial Drive, Cambridge Massachusetts. All capitalized terms used in this Amendment which are defined in the
Lease and not otherwise defined in this Amendment have the meanings given in the Lease; and 
 WHEREAS, the “Termination Contingencies
Date,” as set forth in the First Amendment and Second Amendment, is May 31, 2017. Landlord and Tenant desire to amend the Lease to extend the Termination Contingencies Date to June 15, 2017, on the terms set forth herein. 

Statement of Amendment 

NOW, THEREFORE, in consideration of the undertakings of the parties as set forth below and other good and valuable consideration, the receipt
and sufficiency of which consideration is hereby acknowledged by both Landlord and Tenant, Landlord and Tenant hereby agree as follows: 

1.    The “Termination Contingencies Date,” as defined in Section 3 of the First Amendment and as amended
in Section 1 of the Second Amendment, is hereby amended to be June 15, 2017. The “Early Termination Date”, as defined in Section 2(a) of the First Amendment and as amended by Section 1 of the Second Amendment, is hereby
amended to be August 31, 2017. The date “August 1, 2017”, as appearing in Section 7 of the First Amendment and as amended by Section 1 of the Second Amendment is hereby amended to be September 1, 2017. 

2.     This Amendment, together with the First Amendment and the Second Amendment, constitutes the entire agreement
between the parties hereto regarding the early termination of the Lease and supersedes all prior negotiations regarding the subject matter hereof. This Amendment will be governed by and construed in accordance with the laws of the Commonwealth of
Massachusetts. 
 3.    To the extent that the provisions of this Amendment are inconsistent with the provisions of the
Lease, the provisions of this Amendment will control, and the Lease will be deemed to be amended hereby. Except as amended by this Amendment, the provisions of the Lease remain in full force and effect. 

4.    This Amendment may be executed in multiple counterparts, each of which will be an original, but all of which, taken
together, will constitute one and the same Amendment. This Amendment may be signed by facsimile signatures or other electronic delivery of an image file reflecting the execution hereof, and if so signed, may be relied on by all parties as if the
document were a manually signed original and will be binding on the undersigned for all purposes.
 [Remainder of page intentionally blank;
signature page follows.] 

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as of the date first set
forth above. 
  

			
	BHX, LLC, as Trustee of 784 Realty Trust
		
	By:	 	 /s/ Robert Schlager

	Name:	 	Robert Schlager
	Title:	 	Member
	
	INFINITY PHARMACEUTICALS, INC.
		
	By:	 	 /s/ Lawrence Bloch, M.D., J.D.

	Name:	 	Lawrence Bloch, M.D., J.D.
	Title:	 	PresidentExhibit 4.1

Alaia Capital, LLC

10 Corbin Drive

Darien, Connecticut 06820

 

June 2, 2017

 

Alaia Market Linked Trust, Series 1-2

Alaia Defined Outcome Solution

c/o The Bank of New York Mellon, as Trustee

2 Hanson Place, 12th Floor

Brooklyn, New York 11217

	Re:	
Alaia Defined Outcome Solution (the “Trust”)

 

 

Ladies and Gentlemen:

 

We have examined Amendment No. 1 to the Registration Statement (File No. 333-215809) for the above captioned Trust.  We hereby consent to the use in the Registration Statement of the references to Alaia Capital, LLC as evaluator.

 

You are hereby authorized to file a copy of this letter with the Securities and Exchange Commission.

 

 

	 	Very truly yours, 
	 	 
	 	 
	 	Alaia Capital, LLC 
	 	 
	 	 
	 	
By:

	 	
/s/ Oscar Loyanz

	 
	 	 	 	
Name: Oscar Loyanz

	 
	 	 	 	
Title:  Managing DirectorExhibit 4.2

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We have issued our report dated June 2, 2017, with respect to the financial statement of Alaia Market Linked Trust Series 1-2, comprising the Alaia Defined Outcome Solution, contained in Amendment No. 1 to the Registration Statement on Form S-6 (File No. 333-215809) and related Prospectus. We consent to the use of the aforementioned report in the Registration Statement and Prospectus, and to the use of our name as it appears under the caption “Independent Registered Public Accounting Firm”.

/s/ GRANT THORNTON LLP

Chicago, Illinois

June 2, 2017Exhibit 10.1

 

OMNIBUS LOAN AMENDMENT AGREEMENT

This Omnibus Loan Amendment Agreement (the “Agreement”) is made on this 31st day of May, 2017 by and among CLS Holdings USA, Inc., a Nevada corporation (the “Company”), Jeffrey I. Binder (“Binder”), Frank Koretsky (“Koretsky”), Newcan Investment Partners LLC (“Newcan”) and CLS CO 2016, LLC (“CLS CO”)(Binder, Koretsky, Newcan and CLS CO are collectively referred to as the “Insiders”).

WHEREAS, from approximately January 2016 until present, the Insiders, which comprise Binder and Koretsky, who are officers and/or directors of the Company, and entities that are controlled by them, have been loaning funds to the Company for working capital purposes, which loans were initially demand loans, and, except for recent loans made in 2017, were later memorialized as convertible loans (the “Insider Loans”);

WHEREAS, due to delays the Company has encountered in commencing business in Colorado, the Company has not yet started generating revenues and thus cannot begin to repay the Insider Loans pursuant to their terms;

WHEREAS, in order to ease the debt burden on the Company and prevent it from defaulting on the Insider Loans, the Insiders have agreed to convert all Insider Loans where funds were advanced prior to January 1, 2017 to equity, including the accrued interest thereon, and forego the issuance of warrants to purchase the Company’s common stock upon conversion, in exchange for the Company’s agreement to reduce the conversion price on some of the Insider Loans from between $0.75 and $1.07 per share of common stock to $0.25 per share of common stock;

WHEREAS, the proposed loans to be converted, which represent all of the outstanding Insider Loans funded prior to January 1, 2017, are set forth on Exhibit A hereto together with accrued interest thereon as of May 31, 2017, which is the proposed conversion date, and the number of shares of the Company’s common stock that would be issued upon conversion if the conversion price is reduced to $0.25 per share (collectively, the “Loans to be Converted”); and

WHEREAS, in exchange for converting the Insider Loans set forth on Exhibit A to equity, the Company has also agreed to modify the terms of the remaining Insider Loans to increase the interest rate, where applicable, to 10% and eliminate the issuance of a warrant upon conversion, where applicable.

NOW THEREFOR, for mutual consideration, the receipt of which is hereby acknowledged, the Company and the Insiders hereby agree as follows:

	
1.

	
Reduction in Conversion Price.  The conversion price of all the Loans to be Converted shall be reduced to $0.25, except in such cases where the conversion price of a Loan to be Converted is already $0.25, in which case, the conversion price shall remain the same.

	
2.

	
Deletion of Warrant Issuance.  All of the Loans to be Converted that are evidenced by written promissory notes provide that the holder shall receive one share of common stock and a warrant to purchase one share of common stock with an exercise price equal to the conversion price.  The issuance of such warrant upon conversion is hereby deleted with respect to all of the Loans to be Converted.

	
3.

	
Exercise in Part of Conversion Right.  In general, the Loans to be Converted that are evidenced by written promissory notes provide that the holder may convert the note in whole but not in part.  In order to allow for the partial conversion of the Promissory Note dated March 31, 2017, which includes approximately $87,500 for services provided prior to January 1, 2017, with the balance of the services performed and funds provided on and after January 1, 2017, the Company and Binder hereby agree to amend such note to allow for the partial conversion of the note with respect to $87,500 in principal plus accrued interest.

	
4.

	
Amendments to 2017 Insider Loans.  All of the Insider Loans in existence on the date hereof, regardless of whether represented by a written promissory note, that are not part of the Loans to be Converted, shall be amended as follows to the extent applicable:  (a) the interest rate shall be 10%, (b) if the Insider Loan is represented by a promissory note that provides for the issuance of a warrant upon conversion, the issuance of such warrant upon conversion shall be deleted, and (c) such loan, if not evidenced by a promissory note, shall be memorialized in a promissory note that provides for conversion at $0.25 per share of common stock.

	
5.

	
Ratification of Remaining Provisions.  Except as specifically modified hereby, all of the terms of the Insider Loans shall remain in full force and effect.

	
6.

	
Governing Law.  This Agreement shall be governed by Florida law.

IN WITNESS WHEREOF, this Agreement has been executed on the date first above written.

 

	
 

	

COMPANY:

CLS HOLDINGS USA, INC.

By: /s/ Jeffrey I. Binder                                           

       Jeffrey I. Binder, CEO

INSIDERS:

 

/s/ Jeffrey I. Binder                                                  

Jeffrey I. Binder

/s/Frank Koretsky                                                  

Frank Koretsky

NEWCAN INVESTMENT PARTNERS LLC

 

By: /s/ Frank Koretsky                                           

       Frank Koretsky, Manager

CLS CO 2016 LLC

 

By: /s/ Frank Koretsky                                          

       Frank Koretsky, Member

EXHIBIT A

INSIDER LOANS TO BE CONVERTED TO EQUITY

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