Document:

Exhibit
10.1

 

STOCK
PURCHASE AGREEMENT

 

This
STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of September 14, 2021 (the “Execution Date”),
is entered by and among ELYSIAN PREMIUM CORP., a Colorado corporation (the “Buyer”), a wholly owned subsidiary of
FORTIUM HOLDINGS CORP., a Nevada Corporation (the “Parent”), ALEX GOSSELIN, an individual (the “Seller”),
and solely for purposes of Article IV, Treehouse Company Inc., a California corporation (the “Company”); Buyer and
Parent, together the “Buyers”; and Seller and Buyers together, the “Parties”).

 

RECITALS

 

WHEREAS,
Seller owns Eight Hundred (800) shares of the issued and outstanding shares of common stock (the “Shares”), of the
Company; and

 

WHEREAS,
Seller wishes to sell to Buyer, and Buyer wishes to purchase from Seller, the Shares, subject to the approval of applicable State and
local regulatory authorities, upon the terms and conditions set forth herein;

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

 

ARTICLE
I

Definitions

 

In
addition to those terms defined herein, the following terms have the meanings specified or referred to in this Article I:

 

“Action”
means any action, suit, litigation, arbitration, proceeding (including any civil, criminal, administrative, investigative or appellate
proceeding), hearing, claim, inquiry, audit, examination or investigation commenced, brought, conducted or heard by or before, or otherwise
involving, any court or other Governmental Authority or any arbitrator or arbitration panel.

 

“Affiliate”
of a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is
under common control with, such Person. The term “control” (including the terms “controlled by” and “under
common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of a Person, whether through the ownership of voting securities, by Contract or otherwise.

 

“Business
Day” means any day except Saturday, Sunday or any other day on which commercial banks located in California are authorized
or required by Law to be closed for business.

 

“Contracts”
means all contracts, leases, deeds, mortgages, licenses, instruments, notes, commitments, undertakings, indentures, joint ventures and
all other agreements, commitments, understandings and legally binding arrangements, whether written or oral.

 

    	 

     

    

 

“Employees”
means those Persons employed by the Company immediately prior to the Closing.

 

“Encumbrance”
means any lien, pledge, mortgage, deed of trust, security interest, charge, claim, easement, encroachment or other similar encumbrance.

 

“Environmental
Permits” means all Permits required under or issued pursuant to any applicable environmental law.

 

“GAAP”
means United States generally accepted accounting principles in effect from time to time.

 

“Governmental
Authority” means any governmental, regulatory or administrative body, agency or authority, stock exchange, any court of judicial
authority, any arbitrator or any public, private or industry regulatory authority, whether international, national, federal, state or
local, including, without limitation, the City of Oakland (“Local Authority”) and the California Department of Cannabis
Control (“DCC”).

 

“Governmental
Order” means any order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental
Authority.

 

“Indebtedness”
means with respect to the Company at the time of any determination, without duplication: (a) all indebtedness of the Company for
borrowed money or in respect of loans or advances (including principal and interest thereon), (b) all obligations of the Company evidenced
by bonds, debentures, notes or other similar instruments or debt securities, (c) all obligations with respect to letters of credit and
bankers’ acceptances issued for the account of the Company to extent drawn, (d) all obligations arising from bank overdrafts, (e)
all obligations arising from deferred compensation arrangements, (f) all obligations under capital leases (as determined in accordance
with GAAP) and any sale-lease back transactions, (g) all past due or deferred rent, (h) all obligations of the type referred to in clauses
(a) through (g) for the payment of which the Company is responsible or liable, directly or indirectly, as obligor, guarantor, surety
or otherwise, including guarantees of such obligations, (i) all obligations of the type referred to in clauses (a) through (h), whether
or not assumed, secured by any lien or payable out of the proceeds or product from any property or assets no or hereafter owned by the
Company, (j) all accrued interest, prepayment premiums or penalties with respect to any of the obligations of the type referred to in
clauses (a) through (i), and (k) all obligations for Taxes (or the non-payment thereof) of the Company with respect to any taxable year
or period that ends on or before the Closing Date.

 

“Knowledge
of Seller or Seller’s Knowledge” or any other similar knowledge qualification, means the actual knowledge of the Seller
after reasonable inquiry of such fact or circumstance.

 

“Law”
means any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, other requirement
or rule of law of any Governmental Authority.

 

“Losses”
means actual out-of-pocket losses, damages, liabilities, costs or expenses, including reasonable attorneys’ fees.

 

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“Material
Adverse Effect” means any event, occurrence, fact, condition or change that is materially adverse to (a) the business, results
of operations, financial condition, prospects or assets of the Company, or (b) the ability of Seller to consummate the transactions contemplated
hereby and by any other Transaction Documents.

 

“Organizational
Documents” means, with respect to any Person that is not an individual, (a) such Person’s articles or certificate of
incorporation and bylaws, (b) such Person’s articles of organization, certificate of formation, certificate of trust, limited liability
company agreement, limited partnership agreement or trust agreement, or (c) any documents similar or comparable to those described in
clauses (a) and (b) as may be applicable pursuant to any applicable Law, and (d) any amendment or modification to any of the foregoing.

 

“Permits”
means all permits, licenses, franchises, approvals, authorizations, exemptions, and consents required to be obtained from Governmental
Authorities.

 

“Person”
means an individual, corporation, partnership, joint venture, limited liability company, Governmental Authority, unincorporated organization,
trust, association or other entity.

 

“Real
Property” means the real property owned, leased or subleased by the Company, together with all buildings, structures and facilities
located thereon.

 

“Representative”
means, with respect to any Person, any and all directors, officers, Employees, consultants, financial advisors, counsel, accountants
and other agents of such Person.

 

“Taxes”
means all federal, state, local, foreign and other income, gross receipts, sales, use, production, ad valorem, transfer, franchise, registration,
profits, license, lease, service, service use, withholding, payroll, employment, unemployment, estimated, excise, severance, environmental,
stamp, occupation, premium, property (real or personal), Real Property gains, windfall profits, customs, duties or other taxes, fees,
assessments or charges of any kind whatsoever, together with any interest, additions or penalties with respect thereto and any interest
in respect of such additions or penalties.

 

“Transaction
Documents” means this Agreement and all documents, instruments and certificates contemplated by and/or entered into in connection
with this Agreement.

 

ARTICLE
II

PURCHASE
AND SALE

 

Section
2.01 Purchase and Sale. Subject to the terms and conditions set forth herein, at the Closing, Seller shall sell to Buyer, and Buyer
shall purchase from Seller, the Shares for the consideration specified in Section 2.02.

 

Section
2.02 Purchase Price. The aggregate purchase price for the Shares shall be two hundred thousand dollars ($200,000) (the “Purchase
Price”), payable in accordance with Section 2.03 herein. If the Closing (as defined below) does not occur for any reason, Seller
shall promptly refund the full Purchase Price, or any partial payments thereof, to Buyer.

 

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Section
2.03 Transactions to be Effectuated at or Soon After Closing.

 

(a)
Upon the Execution Date or as soon as reasonably practicable thereafter, Buyer shall (i) pay the Purchase Price to Nason, Yeager, Gerson,
Harris & Fumero, P.A. (the “Escrow Agent”) to be held in escrow pending release upon receipt of the final Approval,
whereupon the escrowed Purchase Price shall be paid to the Seller by wire transfer in immediately available funds to the account set
forth on SCHEDULE 1 attached hereto (the “Account”), and (ii) submit a Live Scan background check application
form to the Local Authority for all applicable parties;

 

(b)
Upon receipt of the full Purchase Price by the Escrow Agent, as required by Section 2.03(a), Seller shall (i) cause to be transferred
Eight Hundred (800) shares, constituting Eighty Percent (80%) of all issued and outstanding Company shares, from Seller to Buyer (the
“Transfer”), and (ii) work with Buyer to execute and deliver notices to the Local Authority and DCC authorizing the
Transfer;

 

(c)
As soon as reasonably practicable, Seller shall deliver to Buyer copies of written approvals from both the Local Authority and DCC approving
Buyer as new owner of the Company by the Local Authority and the DCC (collectively, the “Approvals”); and

 

(d)
At or prior to the Closing, Seller will set the number of directors at two, appoint at least one Person designated in writing by Buyer
as a director and officer of the Company, and immediately following such appointments resign as a director and officer of the Company.

 

Section
2.04 Closing. Subject to the terms and conditions of this Agreement, the consummation of the transactions contemplated by this Agreement
(the “Closing”) shall take place via remote exchange of the various documents and instruments required to be exchanged
at the Closing hereunder on the first or second Business Day after all of the conditions to Closing set forth in ARTICLE VII are either
satisfied or waived (other than conditions which, by their nature, are to be satisfied on the Closing Date), or at such other time, date
or place as Seller and Buyer may mutually agree upon in writing. The date on which the Closing is to occur is herein referred to as the
“Closing Date.”

 

Section
2.05 Closing Deliverables.

 

(a)
Seller Deliverables. At or prior to the Closing, Seller shall deliver, or shall cause to be delivered, to Buyer (i) a certificate
or certificates representing Eight Hundred (800) Shares of the Company, accompanied by a duly executed stock power, and (ii) an officer’s
certificate certifying the Organizational Documents of the Company and resolutions duly adopted by the board of directors of the Company
approving this Agreement and the transactions contemplated hereby, including those set forth in Section 2.03(d).

 

(b)
Buyer Deliverables. At or prior to the Closing, Buyer shall deliver, or shall cause to be delivered, to Seller the Purchase Price
paid by wire transfer in immediately available funds to the Account.

 

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Section
2.06 Conveyance Taxes. All transfer (including real estate transfer), documentary, sales, use, stamp, registration, and other such
Taxes and fees (including any penalties and interest) incurred in connection with this Agreement or the transaction contemplated hereby
will be paid by the Seller when due, and the Seller will, at their own expense, file all necessary tax returns and other documentation,
in a manner consistent with applicable Law, with respect to all such transfer, documentary, sale, use, stamp, improvement, registration
and other Taxes and fees. 

 

Section
2.07 Withholding Tax. Buyer shall be entitled to deduct and withhold from the Purchase Price such amounts that Buyer is required
to deduct and withhold under the Internal Revenue Code of 1986 or any provision of applicable Laws relating to Taxes. To the extent that
amounts are so deducted or withheld, such withheld or deducted amounts shall be treated for all purposes of this Agreement as having
been paid to the Seller. Buyer shall provide Seller or their representative with advance written notice of any such amounts withheld
or deducted and the Seller or their representative shall have the opportunity to object.

 

ARTICLE
III

Representations and warranties of seller

 

Seller
represents and warrants to Buyer that the statements contained in this ARTICLE III are true, correct and complete as of the Execution
Date and as of the Closing Date (except for representations and warranties made as of a specified date, which are true, correct and complete
as of such specified date).

 

Section
3.01 Authorization. Seller is an individual residing in the State of California, and is the sole officer, director, and shareholder
of the Company. Seller has full power and authority to sell, transfer, assign and deliver the Shares to Buyer as provided in this Agreement
and the other Transaction Documents. This Agreement has been duly executed and delivered by Seller, and this Agreement constitutes a
legal, valid and binding obligation of Seller enforceable against Seller in accordance with its terms.

 

Section
3.02 Title to Shares. Seller has good and valid title to and is the sole record and beneficial owner of the Shares, free and clear
of any Encumbrances (other than restrictions on transfer arising under applicable federal and state securities Laws). Upon the Closing,
Seller shall transfer to Buyer good and marketable title to the Shares, free and clear of any Encumbrances (other than restrictions on
transfer arising under applicable federal and state securities Laws), and Buyer will be the sole record and beneficial owner of the Shares,
free and clear of any Encumbrances (other than restrictions on transfer arising under applicable federal and state securities Laws).
Except for this Agreement, Seller is not party to (a) any other commitments, arrangements, rights or agreements providing for the repurchase,
redemption or other acquisition of the Shares, or (b) voting agreements, member agreements, management agreements, pledge agreements,
buy-sell agreements, proxies or other similar agreements or understandings with respect to the Shares or which restrict or grant any
right, preference or privilege with respect to the Transfer of the Shares.

 

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Section
3.03 No Conflicts; Consents. The execution, delivery and performance by Seller of this Agreement and the other Transaction Documents
to which it is a party, and the consummation of the transactions contemplated hereby and thereby, do not and will not: (a) violate, conflict
with, or constitute a default under any Contract, Permit or other instrument to which Seller is a party or by which he or his property
is bound; (b) require the consent, authorization, order or approval of, or filing or registration with, or notification to, any Person
or entity, including any Governmental Authority, except for the Approvals and filings, if any, in connection with applicable federal
and state securities laws, which have been made, or will be made, in a timely manner; (c) violate any Laws or orders to which Seller
is subject; or (d) result in the creation or imposition of any Encumbrance on any properties or assets of Seller (including the Shares).

 

Section
3.04 Legal Proceedings; Governmental Orders. There are no Actions pending or, to the Knowledge of Seller, threatened against, by
or affecting Seller, the Company or any of their respective properties or assets (including the Shares), or that challenges or seeks
to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No event has occurred or circumstances exist that
may give rise to, or serve as a basis for, any such Action. There are no outstanding orders of any Governmental Authority and no unsatisfied
judgments, penalties or awards against, relating to or affecting Seller, the Company or any of his properties or assets.

 

Section
3.05 Brokers. No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission in connection
with the transactions contemplated by this Agreement or any other Transaction Document based upon any Contract made by or on behalf of
Seller or any of his Affiliates.

 

Section
3.06 No Other Representations and Warranties. Except for the representations and warranties contained in this ARTICLE III, the Seller
has not made or does not make any other express or implied representation or warranty, either written or oral, on behalf of Seller.

 

ARTICLE
IV

Representations and warranties OF THE COMPANY AND SELLER

 

The
Company and Seller hereby jointly and severally represent and warrant to Buyer that the representations and warranties contained in this
ARTICLE IV are true, correct and complete as of the Execution Date and as of the Closing Date (except for representations and warranties
made as of a specified date, which are true, correct and complete as of such specified date).

 

Section
4.01 Organization. The Company is a corporation, which has been and continues to be validly existing and in good standing under the
laws of the State of California. The Company has full corporate power and authority to own, operate or lease the properties and assets
now owned, operated or leased by it and to carry on its business as currently conducted. The Company currently has no employees, contractors,
or subcontractors. The Company has no subsidiaries.

 

Section
4.02 Authorization. The Company has all necessary authority to approve this Agreement and the other Transaction Documents and is
duly authorized to take all necessary action to consummate the transactions contemplated hereby.

 

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Section
4.03 Capitalization.

 

(a)
The Company’s authorized capital consists solely of One Thousand (1,000) shares of common stock. All One Thousand (1,000) of such
authorized shares have been issued and are owned, beneficially and of record, with good and valid title, by Seller. Without limitation,
subject to and in accordance with Section 3.02, Seller is the record and beneficial owner and holder of the Shares, free and clear of
all Encumbrances. None of the outstanding equity securities or other securities of the Company (including the Shares) was issued in violation
of any Law. All of the Shares have been duly authorized and validly issued under the Company’s Organizational Documents, and are
fully paid and nonassessable.

 

(b)
There are (i) no outstanding options, warrants or similar rights or other securities convertible into or exchangeable or exercisable
for any shares of capital stock of the Company, (ii) no other commitments, arrangements, rights or other obligations of the Company to
issue or sell, any additional shares of capital stock of, or any security convertible or exchangeable for any shares of capital stock
of, the Company, or to repurchase, redeem or otherwise acquire any shares of capital stock of the Company, or any security convertible
or exchangeable therefor, (iii) no equity equivalents, phantom stock ownership interests or similar rights in the Company, and (iv) no
voting agreements or trusts, stockholders agreements, management agreements, pledge agreements, buy-sell agreements, proxies or other
similar agreements or understandings with respect to the shares of capital stock of the Company or which restrict or grant any right,
preference or privilege with respect to the transfer of thereof.

 

Section
4.04 No Conflicts; Consents. The execution, delivery and performance by Seller of this Agreement and the other Transaction Documents,
and the consummation of the transactions contemplated hereby and thereby, do not and will not: (a) violate, conflict with, or constitute
a default under any Contract, Permit or other instrument to which Seller or Company, as applicable, is a party or by which it or its
property is bound; (b) require the consent, authorization, order or approval of, or filing or registration with, or notification to,
any Person or entity, including any Governmental Authority, except for the Approvals and filings, if any, in connection with applicable
federal and state securities laws, which have been made, or will be made, in a timely manner; (c) violate any Laws or orders to which
Seller or Company is subject; or (d) result in the creation or imposition of any Encumbrance on any properties or assets of Seller or
Company (including the Shares).

 

Section
4.05 Material Contracts. Other than the lease for the premises of the Company, the Company is not party to any Contract (i) involving
aggregate consideration in excess of One Thousand Dollars ($1,000), or (ii) relating to Real Property, employment or the engagement of
independent contractors or consultants (or similar arrangements), intellectual property, the assumption of any liability, Indebtedness,
or the acquisition or disposition of any assets other than in the ordinary course of business consistent with past practice (such Contracts
set forth in subsections (i) and (ii) above, “Material Contracts”). Each Material Contract is valid and binding on
the Company in accordance with its terms and is in full force and effect. There is no breach of or default under any Material Contract,
nor has the Company provided or received any notice of any intention to terminate, any Material Contract. There are no verbal Material
Contracts with any third-party or any employee or independent contractor. No event or circumstance has occurred that, with notice or
lapse of time or both, would constitute an event of default under any Material Contract or result in a termination thereof or would cause
or permit the acceleration or other changes of any right or obligation or the loss of any benefit thereunder. There are no material disputes
pending or threatened litigation or dispute under any Material Contract or related to the Company. Consummation of the transactions contemplated
by this Agreement will not trigger any provision in a Material Contract that would result in a change in such Material Contract or termination
thereof.

 

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Section
4.06 Inventory. All inventory consists of a quality and quantity usable and salable in the ordinary course of business consistent
with past practice, except for damaged or slow-moving items that have been written off or written down to fair market value. All inventory
is owned by the Company free and clear of all Encumbrances, and no Inventory is held on a consignment basis.

 

Section
4.07 Insurance Policies. All insurance policies maintained by the Company (the “Insurance Policies”) are in full
force and effect, and the Company is not default in any material respect with respect to any provision in any Insurance Policy, and all
such policies and premiums due thereunder have been paid. Neither the Company nor any related entities have received any notice of cancellation
or non-renewal of any insurance policy, since the last renewal date of such policy. The Insurance Policies are of the type and in the
amounts customarily carried by Persons conducting a business similar to the Company and are sufficient for compliance with all applicable
Laws and Contracts to which the Company is a party or by which it is bound, including without limitation § 5308 of the California
Code of Regulations which requires commercial general liability insurance in the aggregate of no less than Two Million Dollars ($2,000,000)
and no less than One Million Dollars ($1,000,000) for each loss. All Insurance Policies are listed on Schedule 2.

 

Section
4.08 Financial Statements’ Assets. The Company (i) has no Indebtedness or debts or other liabilities except as and to the extent
reflected or reserved against on the Company’s financial statements and liabilities incurred in the ordinary course of business
consistent with past practice, and (ii) has good title to, free and clear of any Encumbrances, or holds pursuant to valid and enforceable
leases, all of the assets (tangible or intangible) purported to be owned or leased by the Company.

 

Section
4.09 Undisclosed Liabilities. To the Knowledge of the Company and Seller, the Company has no liabilities except those which are adequately
reflected or reserved against in the balance sheet attached as Schedule 3 as of the balance sheet date, or those which have been
incurred in the ordinary course of business consistent with past practice since the balance sheet date and which are not, individually
or in the aggregate, material in amount.

 

Section
4.10 Bank Accounts. The Company or any related entities have no account with any bank or other financial institution other than those
set forth on Schedule 4.

 

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Section
4.11 Lease and Leased Real Property. Each lease, sublease, license or other agreement and any amendments or modifications thereto
relating to all Lease Real Property (each a “Lease” and collectively the “Leases”), true and complete copies
of which have been made available to Buyer, the Company has a valid and enforceable leasehold interest under each Lease relating to Lease
Real Property used by it. Each Lease is in full force and effect, and is valid binding and enforceable in accordance with its terms against
the Company or each other party thereto. The Company is not in default nor has it received a notice of default or termination that remains
outstanding under any Lease, and to the Company’s knowledge, no uncured default or breach on the part of landlord exists under
any Lease, and no event has occurred or circumstance exists which, with the delivery of notice, passage of time or both, would constitute
such a breach or default or permit the termination, modification or acceleration of rent under any such Lease. The Company is in peaceful
and undisturbed possession of each parcel of Leased Real Property, the use of the Leased Real Property complies with the terms of the
applicable Lease and to the Company’s knowledge, there are no contractual or legal restrictions (other than federal Laws relating
to cannabis) that preclude or restrict the ability to use the Leased Real Property for the purposes for which it is currently being used.
Neither the Company nor any Affiliate has leased or subleased any parcel or any portion of any parcel of Leased Real Property to any
other Person and no other Person has any rights to the use, occupancy or enjoyment thereof. The Leased Real Property comprises all real
property used in connection with the Business. The Company is not liable under any lease, sublease, or other form of occupancy agreement
other than the Leases. There are no condemnation proceedings or eminent domain proceedings of any kind pending or, to the Company’s
knowledge, threatened with respect to any of the Leased Real Property, and none of the Company, any related entity, or any selling Party
has received written notice of any such proceedings.

 

Section
4.12 Legal Proceedings. There are no Actions pending or, to the Knowledge of Seller, threatened against, by or affecting Seller or
the Company. No event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.

 

Section
4.13 Compliance with Laws. To the best of Seller’s Knowledge, Seller and the Company have complied with all applicable Laws
(excluding federal Law with respect to the possession, manufacturing, and distribution of marijuana) and has received no notice of any
alleged violations of any Law. Subject to obtaining the Approvals, to the best of Seller’s knowledge there are not any facts or
circumstances which could reasonably be expected to render the previous sentence untrue in the reasonably foreseeable future.

 

Section
4.14 Permits. All Permits required for the Company to conduct its business, including the retail delivery and distribution licenses,
have been obtained and are presently effective and possessed by the Company and are valid and in full force and effect. All fees and
charges with respect to such Permits as of the date hereof have been paid in full. No event has occurred that, with or without notice
or lapse of time or both, would reasonably be expected to result in the revocation, suspension, lapse or limitation of any Permit. True
and correct copies of all such Permits have been made available to Buyer. Provided that all necessary notices are given to and all necessary
approvals and consents are obtained from the applicable Governmental Authorities, to the knowledge of the Company, none of the Permits
will be impaired or terminated or become terminable as a result of the transactions contemplated hereby or any other agreement.

 

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Section
4.15 Environmental Matters.

 

(a)
To the knowledge of the Company, the Company is currently and has at all times been in compliance in all material respects with all environmental
Laws, and has not, and no selling Party has, received from any Person any notice or claim or written request for information pursuant
to environmental Law with respect to the Company, which in each case, either remains pending or unresolved or is the source of ongoing
obligations or requirement that are not otherwise required by environmental Laws.

 

(b)
The Company possess and is in compliance in all material respects with all environmental Permits necessary for the operation of the business
and the ownership, lease, operation or use of the Leased Real Property and the assets of the Company. Applicable environmental Permits,
or exemptions therefrom, obtained by the Company are in full force and effect in accordance with environmental Laws. To the Company’s
knowledge, there is no condition, event, or circumstance that might prevent or impede, after the Closing Date, the ownership, lease,
operation, or use of the business or assets of the Company as currently carried out. With respect to any such environmental Permits,
the Seller, and the Company have undertaken all measures necessary to facilitate transferability of the same and the Seller or the Company
are aware of any condition, event, or circumstance that might prevent or impede the transferability of the same no have either received
any notice or written communication regarding any material adverse change in the status or terms and conditions of the same.

 

(c)
To the Company’s knowledge, there has been no release of hazardous substances in contravention of environmental Law with respect
to the Company or its business or assets of the Company or any real property currently or formerly owner, operated, or leased by the
Company. The Company has not received an environmental notice concerning any hazardous substances release at, on, under or from the real
property leased or operated by the Company.

 

Section
4.16 Registered Intellectual Property. The Company owns no patents or patent applications, registrations and applications for trademarks
and trade names, material common law trademarks, registered copyrights and copyright applications, domain names, or any other registered
intellectual property or material proprietary software. The consummation of the transactions contemplated hereby will not result in the
loss or impairment of any Company rights in any Company intellectual property, or Company technology and will not result in the breach
of, or create on behalf of any third party the right to terminate or modify any license, sublicense, or other agreement as to which the
Company is a party authorized to license or use any third party intellectual property rights or technology.

 

Section
4.17 Related Party Arrangements. Neither any Representative of the Company nor any Affiliate of the Company, nor any of their respective
Representatives, nor any family member of Seller or any such Representative (a) has any indebtedness owing from or to the Company, (b)
has any ownership or other interest in any of the Company’s assets, or (c) is a party to (or a beneficiary of) any Contract.

 

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Section
4.18 Taxes. There are no Taxes due and payable by the Company which have not been timely paid. The Company has timely filed all tax
returns required to have been filed and paid and discharged in full any liabilities for Taxes due and payable in any states or localities
in which it is subject to Tax. There is no audit or other review or inquiry pending in respect of any Taxes of the Company, nor has any
deficiency or claim for any such Taxes been proposed or asserted by any Governmental Authority. There are no Encumbrances for Taxes upon
the assets of the Company, nor are any Encumbrances in the process of being imposed to Seller’s Knowledge. All monies required
to be withheld by the Company from Employees for Taxes have been collected or withheld and either paid to the respective Governmental
Authority or adequately provided for by reserves on the books of the Company. During the preceding three (3) years, (i) no federal, state,
or local tax audits or administrative judicial audits, proceedings or other actions with respect to any Tax are, to the Company’s
knowledge, pending or being conducted with respect to the Company; (ii) the Company nor Seller has received from any federal, state or
local Taxing Authority any notice indicating an intent to open an audit or other review, (B) request for information related to Tax matters,
or (C) a notice of deficiency or proposed adjustment for any amount of Tax proposed, asserted, or assessed by any taxing authority against
the Company; and (iii) no claim has ever been made by a Taxing Authority in a jurisdiction where the Company does not file tax returns
that the Company is or may be subject to taxation in that jurisdiction.

 

Section
4.19 Information; Disclosure. All information delivered or made available pursuant to this Agreement by or on behalf of Seller or
the Company in connection with this Agreement and the transactions contemplated hereby is true, complete and accurate in all respects.
No representation or warranty by the Company and Seller in this Agreement contains or will contain any untrue statement of a material
fact or omits or will omit to state any material fact necessary, in light of the circumstances under which it was or will be made, in
order to make the statements herein or therein not misleading.

 

Section
4.20 Brokers. No broker, finder, investment banker or any other Person is entitled to any brokerage, finder’s or other fee
or commission in connection with the transactions contemplated by this Agreement or any other Transaction Document based upon any Contract
made by or on behalf of Seller or any of its Affiliates.

 

Section
4.21 Real Property. The Company does not own nor has it ever owned any real property, and the Company has no options, written commitments,
or Contracts to acquire any real property. Each Lease is in full force an effect and is valid, binding and enforceable in accordance
with its terms against the Company and each other party thereto. The Company is not in default nor has it received a notice of default
or termination that remains outstanding under any Lease, and to the Company’s knowledge, no uncured default or breach on the part
of the landlord exists under any Lease, and no event has occurred or circumstance exists which, with the delivery of notice, passage
of time or both, would constitute a breach or default or permit the termination, modification or acceleration of rent under any such
Lease. The Company is in peaceful and undisturbed possession of each parcel of Leased Real Property, the use of the Leased Real Property
complies with the terms of the applicable Lease and to the Company’s knowledge, there are no contractual or legal restrictions
(other than federal Laws relating to cannabis) that preclude or restrict the ability to use the Leased Real Property for the purposes
for which it is currently being used. The Company has not leased or subleased any parcel or any portion of any parcel of Leased Real
Property to any other Person and no other Person has any rights to the use, occupancy or enjoyment thereof. The Leased Real Property
comprises all real property used in connection with the Company and its business. The Company is not liable under any lease, sublease
or other form of occupancy agreement other than the Leases. There are no condemnation proceedings or eminent domain proceedings of any
kind pending, or to the Company’s knowledge, threatened with respect to any of the Leased Real Property, and the Company has not
received written notice of any such proceedings.

 

    	11

     

    

 

Section
4.22 Assets. The Company holds all legal and beneficial rights, title, and interest in and to all of their respective assets, free
and clear of any Encumbrance. Following the Closing, all of such assets will be owned, leased or available for use by the Company on
terms and conditions substantially identical to those under which, immediately prior to the Closing, the Company owns, leases, uses or
holds available for use such assets. Such assets comprise all of the assets, properties, and rights used in or necessary to the conduct
of the Company and its business and are adequate and sufficient to conduct the Company and its business.

 

ARTICLE
V

REPRESENTATIONS
AND WARRANTIES OF THE BUYER

 

Buyer
hereby represents and warrants to Seller that the representations and warranties contained in this ARTICLE V are true, correct and complete
as of the Execution Date and as of the Closing Date (except for representations and warranties made as of a specified date, which are
true, correct and complete as of such specified date).

 

Section
5.01 Authorization. Buyer is a Colorado corporation validly existing and in good standing under the laws of the State of Colorado.
Buyer has all necessary authority to enter into this Agreement and the other Transaction Documents and is duly authorized to take all
necessary action to consummate the transactions contemplated hereby and thereby and to perform its obligations hereunder and thereunder.
This Agreement has been duly executed and delivered by Buyer, and (assuming due authorization, execution and delivery by each other Party
hereto) this Agreement constitutes, and the Transaction Documents, when duly executed and delivered, will constitute, the legal, valid
and binding obligation of Buyer enforceable against Buyer in accordance with their terms.

 

Section
5.02 No Conflicts; Consents. The execution, delivery and performance by Buyer of this Agreement and the other Transaction Documents
to which it is a party, and the consummation of the transactions contemplated hereby and thereby, do not and will not: (a) violate, conflict
with, or constitute a default under any contract or other instrument to which Buyer is a party or by which it or its property is bound;
(b) require the consent, authorization, order or approval of, or filing or registration with, or notification to, any Person or entity,
including any Governmental Authority, except for the Approvals and filings, if any, in connection with applicable federal and state securities
laws, which have been made, or will be made, in a timely manner; or (c) violate any Laws or Orders to which Buyer is subject.

 

Section
5.03 Legal Proceedings. There are no Actions pending or, to the knowledge of Buyer, threatened against, by or affecting Buyer that
challenges or seeks to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No event has occurred or circumstances
exist that may give rise to, or serve as a basis for, any such Action.

 

    	12

     

    

 

Section
5.04 Lawful Operation. Buyer has no intent to act on behalf of the Company or use Company assets, property, inventory, etc., to violate
any applicable Laws (excluding federal Law with respect to the possession, manufacturing, and distribution of marijuana). Buyer intends
to comply with all applicable Laws (excluding federal Law with respect to the possession, manufacturing, and distribution of marijuana)
when acting on behalf of the Company after the Closing Date, and Buyer intends to cause their Representatives to do the same.

 

Section
5.05 Insurance Policies. Following the Closing Date Buyer intends to maintain the Insurance Policies in compliance with § 5308
of the California Code of Regulations, which requires commercial general liability insurance in the aggregate of no less than Two Million
Dollars ($2,000,000) and no less than One Million Dollars ($1,000,000) for each loss.

 

Section
5.06 Brokers. No broker, finder, investment banker or any other Person is entitled to any brokerage, finder’s or other fee
or commission in connection with the transactions contemplated by this Agreement or any other Transaction Document based upon any Contract
made by or on behalf of Buyer or any of its Affiliates except for any such Contract to be paid entirely by Buyer.

 

Section
5.07 Sufficiency of Funds. Buyer has sufficient cash on hand, assets which can be sold for cash within a reasonable period of time
or other sources of funds to enable it to make payment of the Purchase Price and consummate the transactions contemplated by this Agreement.

 

Section
5.08 Independent Investigation. Buyer has conducted its own independent investigation, review and analysis of the business. Buyer
acknowledges and agrees that: (a) in making its decision to enter into this Agreement and to consummate the transactions contemplated
hereby, Buyer has relied solely upon its own investigation and the express representations and warranties of Seller set forth in ARTICLE
III of this; and (b) none of Seller, the Company or any other Person has made any representation or warranty as to Seller, the Company
or this Agreement, except as expressly set forth in ARTICLE III or IV of this Agreement.

 

ARTICLE
VI

Covenants

 

Section
6.01 Conduct of Business Prior to the Closing. From the date hereof until the Closing, except as otherwise provided in this Agreement
or consented to in writing by Buyer (which consent shall not be unreasonably withheld or delayed), Seller shall, and shall cause the
Company to: (a) conduct the business of the Company in the ordinary course of business; and (b) use commercially reasonable efforts to
maintain and preserve intact the current organization, business and franchise of the Company and to preserve the rights, franchises,
goodwill and relationships of its customers, lenders, suppliers, regulators and others having business relationships with the Company.

 

Section
6.02 Access to Information. Seller shall provide to Buyer complete access to the facilities and books and records of the Company,
and shall cause the Representatives of the Company to cooperate fully with Buyer and Buyer’s Representatives in connection with
sharing information about the Company and its assets, liabilities, operations, records, prospects and other aspects of the Company’s
business.

 

    	13

     

    

 

Section
6.03 Confidentiality. Subject to any obligation to comply with (a) any Law, (b) any rule or regulation of any Governmental Authority
or securities exchange, or (c) any subpoena or other legal process to make information available to the Persons entitled thereto, whether
or not the transactions contemplated herein shall be concluded, all information obtained by any Party about any other Party, and all
of the terms and conditions of this Agreement, shall be kept in confidence by each Party, and each Party shall cause its Representatives
to hold such information confidential. Such confidentiality shall be maintained to the same degree as such Party maintains its own confidential
information and shall be maintained until such time, if any, as any such data or information either is, or becomes, published or a matter
of public knowledge; provided, however, that the foregoing shall not apply to any information obtained by a Party through its own independent
investigations or received by a Party from a third-party not under any obligation to keep such information confidential nor to any information
obtained by a Party which is generally known to others engaged in the trade or business of the Parties. The Parties’ obligations
of confidentiality herein shall survive termination of this Agreement.

 

Section
6.04 Governmental Approvals and Consents. Each Party shall, as promptly as possible, (a) make, or cause or be made, all notices,
filings and submissions in connection with the Approvals and otherwise required by Law; and (b) use commercially reasonable efforts to
obtain, or cause to be obtained, any consents, authorizations, orders and approvals from all Governmental Authorities including, without
limitation, the Approvals, that may be or become necessary for its execution and delivery of this Agreement and the performance of its
obligations pursuant to this Agreement. Each Party shall cooperate fully with the other Party and its Affiliates in promptly seeking
to obtain all such Approvals and any other consents, authorizations, orders and approvals. The Parties shall not willfully take any action
that will have the effect of delaying, impairing or impeding the receipt of the Approvals or any other required consents, authorizations,
orders and approvals.

 

Section
6.05 Lawful Conduct. Buyer and Buyer’s Representatives shall abide by all applicable Laws (excluding federal Law with respect
to the possession, manufacturing, and distribution of marijuana) at all times after the Execution Date. Buyer and Buyer’s Representatives
shall not act on behalf of the Company or use company finances, property, or resources in violation of all applicable Laws (excluding
federal Law with respect to the possession, manufacturing, and distribution of marijuana).

 

Section
6.06 Release. Effective as of the Closing, Buyer and Seller on behalf of such Party and Company and affiliates or any Person claiming
by or through such Buyer and Seller hereby irrevocably waives, releases, remises and forever discharges any and all rights and claims
that such Buyer and Seller and affiliates has had, now has or might now have against the Company, occurred or existed on or before the
Closing (whether accrued, absolute, contingent, unliquidated, or otherwise and whether known or unknown), except for (a) rights an claims
arising from or in connection with this Agreement or any ancillary agreement,(b) rights to indemnification under Article VIII, (c) right
and claims against the Company arising after the Closing, and (d) breach of any of the warranties set forth in Articles III, IV, and
V.

 

Section
6.07 Closing Conditions. From the date hereof until the Closing, each Party hereto shall, and Seller shall cause the Company to,
use commercially reasonable efforts to take such actions as are necessary to expeditiously satisfy the closing conditions set forth in
ARTICLE VII hereof.

 

    	14

     

    

 

Section
6.08 Confidentiality. From and after the Closing, each Seller and Buyer shall, and shall cause each of their respective agents to,
hold, and shall use their best reasonable efforts to cause their agents to hold, in confidence any and all information, whether written
or oral, concerning the Company, except to the extent that such Seller or Buyer, as applicable, can show that such information (i) is
generally available to and known by the public through no fault of such Seller or Buyer any of their agents; (ii) is lawfully acquired
from and after the Closing from sources which are not prohibited from such information by a legal, contractual, or fiduciary obligation,
or (iii) is disclosed without restriction by Buyer or Seller or their agents. If Buyer or Seller or any of their agents are compelled
to disclose any information referenced in this section by judicial or administrative process or by other requirements of Law, such Buyer
or Seller shall promptly notify the other party in writing and shall disclose only that portion of such information which such party
is advised by their counsel in writing is legally required to be disclosed to the extent legally practicable, provided that such Buyer
or Seller shall use reasonable best efforts to obtain an appropriate protective order or other reasonable assurance that confidential
treatment will be accorded such information. Each Party acknowledges that remedies at law may be inadequate to protect the other Parties
against any actual or threatened breach of this Section 6.08 by such Party or by its Representatives and that they shall sustain irreparable
harm, and, without prejudice to any other rights and remedies otherwise available to the other Party, each Party agrees that the other
Party shall be entitled to injunctive relief including, without limitation, temporary restraining orders, or preliminary or permanent
injunctions. Each Party agrees that the Party seeking such relief shall not be required to post a bond or other security in connection
with the granting of such relief.

 

Section
6.09 Publicity. Buyer and any of its Affiliates shall be permitted by the Seller to disclose the Transaction Documents and details
at the Buyer’s discretion in order to comply with various securities and other regulatory laws and regulations. The Buyer and any
of its Affiliates shall be permitted to issue one or more public press releases at the Buyer’s discretion to disclose the details
of the transaction and potential forward looking statements to its shareholders and the general public for consumption.

 

Section
6.10 Further Assurances. Following the Closing, each of the Parties hereto shall, and shall cause their respective Affiliates to,
execute and deliver such additional documents, instruments, conveyances and assurances, and take such further actions as may be reasonably
required to carry out the provisions hereof and give effect to the transactions contemplated by this Agreement.

 

Section
6.11 Transfer Taxes. All transfer, documentary, sales, use, stamp, registration, value added and other such Taxes and fees (including
any penalties and interest) incurred in connection with this Agreement (including any Real Property transfer Tax and any other similar
Tax) shall be borne and paid by Buyer when due. Buyer shall, at its own expense, timely file any tax return or other document with respect
to such Taxes or fees (and Seller shall cooperate with respect thereto as necessary).

 

    	15

     

    

 

Section
6.12 Books and Records. In order to facilitate the resolution of any claims made by or against or incurred by Buyer or the Company
after the Closing, or for any other reasonable purpose, for a period of two (2) years following the Closing, Seller shall: (a) retain
the books and records (including personnel files) which relate to the Company and its operations for periods prior to the Closing; and
(b) upon reasonable notice, afford the representatives of Buyer or the Company reasonable access (including the right to make, at Buyer’s
expense, photocopies), during normal business hours, to such books and records. Seller shall not be obligated to provide the other Party
with access to any books or records where such access would violate any Law. 

 

ARTICLE
VII

Conditions to closing

 

Section
7.01 Conditions to Obligations of All Parties. The obligations of the Parties to consummate the transactions contemplated herein
shall be subject to the fulfillment, at or prior to the Closing, of all of the conditions set forth below in this Section 7.01. The Parties
may waive any or all of such conditions in whole or in part without prior notice; provided, however, that no such waiver shall constitute
a waiver by such Party of any other right or remedy if the other Party shall be in default of any of its respective representations,
warranties or covenants contained in this Agreement.

 

(a)
No Action or Proceeding. No Action shall have been instituted or threatened before any Governmental Authority seeking to challenge
or restrain the transactions contemplated herein, which presents a substantial risk that such transactions will be restrained or that
the Parties may suffer material damages or other harms as a result of consummating such transactions.

 

(b)
Consents to Assignment of Certain Contracts. All necessary consents to the assignment of all Material Contracts requiring the
consent of third parties to the assignment thereof shall have been obtained upon terms reasonably acceptable to each Party.

 

Section
7.02 Conditions to Obligations of Buyer. The obligations of Buyer to consummate the transactions contemplated herein shall be subject
to the fulfillment, at or prior to the Closing of all of the conditions set forth below in this Section 7.02. Buyer may waive any or
all of such conditions in whole or in part without prior notice; provided, however, that no such waiver shall constitute a waiver by
Buyer of any other right or remedy if Seller shall be in default of any of his respective representations, warranties or covenants contained
in this Agreement.

 

(a)
Representations and Warranties; No Material Adverse Effect. The representations and warranties of Seller contained in ARTICLE
III shall be true and correct in all respects as of the Closing Date with the same effect as though made at and as of such date (except
those representations and warranties that address matters only as of a specified date, which shall be true and correct in all respects
as of that specified date), except where the failure of such representations and warranties to be true and correct would not have a Material
Adverse Effect.

 

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(b)
Performance of Covenants. Seller shall have duly performed and complied in all material respects with all agreements, covenants
and conditions required by this Agreement to be performed or complied with by it prior to or on the Closing Date.

 

(c)
No Lapse in Insurance Coverage. No lapse shall have occurred in the coverage provided under any of the Insurance Policies of the
Company.

 

(d)
Delivery of Shares Free of Encumbrances. Seller shall have delivered, or caused to be delivered, to Buyer stock certificates evidencing
the Shares, free and clear of Encumbrances, duly endorsed in blank or accompanied by stock powers or other instruments of transfer duly
executed in blank and with all required stock transfer tax stamps affixed.

 

Section
7.03 Conditions to Obligations of Seller. The obligations of Seller to consummate the transactions contemplated herein shall be subject
to the fulfillment, at or prior to the Closing of all of the conditions set forth below in this Section 7.03. Seller may waive any or
all of such conditions in whole or in part without prior notice; provided, however, that no such waiver shall constitute a waiver by
Seller of any other right or remedy if Buyer shall be in default of any of its respective representations, warranties or covenants contained
in this Agreement.

 

(a)
Representations and Warranties. The representations and warranties of Buyer contained in this Agreement and in any other Transaction
Document shall be true on and as of the Closing Date with the same force and effect as though made on and as of the Closing Date.

 

(b)
Performance of Covenants. Each obligation of Buyer to be performed by it on or before the Closing Date pursuant to the terms of
this Agreement shall have been duly performed on or before the Closing Date.

 

(c)
Payment and Delivery of Consideration. Buyer shall have delivered to Seller the Purchase Price by wire transfer in immediately
available funds to the Account upon the Execution date.

 

ARTICLE
VIII

Indemnification

 

Section
8.01 Survival. Subject to the limitations and other provisions of this Agreement, the representations and warranties contained herein
shall survive the Closing and shall remain in full force and effect until the date that is eighteen (18) months from the Closing Date.
None of the covenants or other agreements contained in this Agreement shall survive the Closing Date other than those which by their
terms contemplate performance after the Closing Date, and each such surviving covenant and agreement shall survive the Closing for the
period contemplated by its terms. Notwithstanding the foregoing, any claims asserted in good faith with reasonable specificity (to the
extent known at such time) and in writing by notice from the non-breaching party to the breaching party prior to the expiration date
of the applicable survival period shall not thereafter be barred by the expiration of such survival period and such claims shall survive
until finally resolved.

 

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Section
8.02 Indemnification by Seller. Subject to the other terms and conditions of this ARTICLE VIII, Seller shall indemnify Buyer against,
and shall hold Buyer harmless from and against, any and all Losses incurred or sustained by, or imposed upon, Buyer based upon, arising
out of, with respect to or by reason of:

 

(a)
any inaccuracy in or breach of any of the representations or warranties of Seller contained in this Agreement or in any other Transaction
Document;

 

(b)
any breach or non-fulfillment of any covenant, agreement or obligation to be performed by Seller pursuant to this Agreement;

 

(c)
Reserved;

 

(d)
any debt, liability, Tax or obligation of Seller or the Company, direct or indirect, fixed, contingent or otherwise, now or as of the
Closing known or unknown, and whether or not then due or payable, which exists at or as of the Closing or which arises after the Closing
but which is based upon or arises from any act, omission, transaction, circumstance, sale of goods or services, state of facts or other
condition which occurred or existed on or before the Closing; and

 

(e)
Any Action arising from or relating to the Company existing prior to the Closing.

 

Section
8.03 Indemnification by Buyer. Subject to the other terms and conditions of this ARTICLE VIII, Buyer shall indemnify Seller against,
and shall hold Seller harmless from and against, any and all Losses incurred or sustained by, or imposed upon, Seller based upon, arising
out of, with respect to or by reason of:

 

(a)
any inaccuracy in or breach of any of the representations or warranties of Buyer contained in this Agreement; or

 

(b)
any breach or non-fulfillment of any covenant, agreement or obligation to be performed by Buyer pursuant to this Agreement.

 

Section
8.04 Indemnification Procedures. The party making a claim under this ARTICLE VIII is referred to as the “Indemnified Party,”
and the party against whom such claims are asserted under this ARTICLE VIII is referred to as the “Indemnifying Party.”

 

(a)
Notice of Claim. An Indemnified Party shall provide the Indemnifying Party with written notice of any actual or potential Losses
in respect of which indemnification may be sought under this ARTICLE VIII (a “Claim Notice”) promptly after the Indemnified
Party becomes aware of such Losses. Such Claim Notice shall describe the actual or potential Losses, to the Indemnified Party’s
knowledge, in reasonable detail based on the information then reasonably available, shall include copies of all material written evidence
thereof and shall indicate the estimated amount, if reasonably practicable, of the Losses that have been or may be sustained by the Indemnified
Party. Any deficiency in the timeliness of the Claim Notice, or substance of the information or detail conveyed, shall not relieve the
Indemnifying Party of its obligations under this Agreement, except to the extent that the Indemnifying Party has been actually prejudiced
by the deficiency, and only to the extent of such prejudice.

 

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(b)
Third-Party Claims. If any Claim Notice is in respect of any actual or potential Losses made or brought by any Person who is not
a party to this Agreement or an Affiliate of a party to this Agreement or a Representative of the foregoing (a “Third-Party
Claim”) against such Indemnified Party, the Indemnifying Party shall assume active defense of such Third-Party Claim at the
Indemnifying Party’s expense and by the Indemnifying Party’s own counsel, and the Indemnified Party shall cooperate in good
faith in such defense; provided, that if the Indemnifying Party consists of Seller, such Indemnifying Party shall not have the right
to defend or direct the defense of (but shall nevertheless be responsible for the costs thereof) any such Third-Party Claim that (i)
involves a Governmental Authority, (ii) involves criminal liability, (iii) is asserted directly by or on behalf of a Person that is a
material supplier, material customer or material vendor of Buyer, or (iv) seeks an injunction or other equitable relief against the Indemnified
Party. In the event that the Indemnifying Party assumes the defense of any Third-Party Claim, subject to Section 8.04(c), it shall have
the right to take such action as it deems necessary to avoid, dispute, defend, appeal or make counterclaims pertaining to any such Third-Party
Claim in the name and on behalf of the Indemnified Party. The Indemnified Party shall have the right to participate in the defense of
any Third-Party Claim with counsel selected by it subject to the Indemnifying Party’s right to control the defense thereof. The
fees and disbursements of such counsel shall be at the expense of the Indemnified Party, provided, that if in the reasonable opinion
of counsel to the Indemnified Party, (A) there are legal defenses available to an Indemnified Party that are different from or additional
to those available to the Indemnifying Party, or (B) there exists a conflict of interest between the Indemnifying Party and the Indemnified
Party, the Indemnifying Party shall be liable for the reasonable fees and expenses of counsel to the Indemnified Party in each jurisdiction
for which the Indemnified Party determines counsel is required. If the Indemnifying Party (x) elects not to compromise or defend such
Third-Party Claim, (y) fails to notify the Indemnified Party in writing of its election to defend as provided in this Agreement, or (z)
fails to diligently prosecute the defense of such Third-Party Claim, then in any case the Indemnified Party may, subject to Section 8.02(d)
pay, compromise and defend such Third-Party Claim and seek indemnification for any and all Losses based upon, arising from or relating
to such Third-Party Claim. The Indemnifying Party and the Indemnified Party shall cooperate with each other in all reasonable respects
in connection with the defense of any Third-Party Claim, including making available records relating to such Third-Party Claim and furnishing,
without expense (other than reimbursement of actual out-of-pocket expenses) to the defending party, management Employees of the non-defending
party as may be reasonably necessary for the preparation of the defense of such Third-Party Claim

 

    	19

     

    

 

(c)
Settlement of Third-Party Claims. Notwithstanding any other provision of this Agreement, the Indemnifying Party shall not enter
into settlement of any Third-Party Claim without the prior written consent of the Indemnified Party, except as provided in this Section
8.04(c). If a firm offer is made to settle a Third-Party Claim without leading to liability or the creation of a financial or other obligation
on the part of the Indemnified Party and provides, in customary form, for the unconditional release of each Indemnified Party from all
liabilities and obligations in connection with such Third-Party Claim and the Indemnifying Party desires to accept and agree to such
offer, the Indemnifying Party shall give written notice to that effect to the Indemnified Party. If the Indemnified Party fails to consent
to such firm offer within ten (10) days after its receipt of such notice, the Indemnified Party may continue to contest or defend such
Third-Party Claim and in such event, the maximum liability of the Indemnifying Party as to such Third-Party Claim shall not exceed the
amount of such settlement offer. If the Indemnified Party fails to consent to such firm offer and also fails to assume defense of such
Third-Party Claim, the Indemnifying Party may settle the Third-Party Claim upon the terms set forth in such firm offer to settle such
Third-Party Claim. If the Indemnified Party has assumed the defense pursuant to Section 8.04(b), it shall not agree to any settlement
without the written consent of the Indemnifying Party (which consent shall not be unreasonably withheld or delayed).

 

(d)
Direct Claims. If any Claim Notice is in respect of any actual or potential Losses by an Indemnified Party on account of Losses
which do not result from a Third-Party Claim (a “Direct Claim”), the Indemnifying Party shall have thirty (30) days
after its receipt of such Claim Notice to respond in writing to such Direct Claim. The Indemnified Party shall allow the Indemnifying
Party and its professional advisors to investigate the matter or circumstance alleged to give rise to the Direct Claim, and whether and
to what extent any amount is payable in respect of the Direct Claim and the Indemnified Party shall assist the Indemnifying Party’s
investigation by giving such information and assistance (including access to the Indemnified Party’s premises and personnel and
the right to examine and copy any accounts, documents or records) as the Indemnifying Party or any of its professional advisors may reasonably
request. If the Indemnifying Party does not so respond within such 30-day period, the Indemnifying Party shall be deemed to have rejected
such Direct Claim, in which case the Indemnified Party shall be free to pursue such remedies as may be available to the Indemnified Party
on the terms and subject to the provisions of this Agreement.

 

Section
8.05 Setoff. Notwithstanding anything to the contrary in this Agreement, and without prejudice to any other right or remedy Buyer
has or may have, if Seller is required to make any payment or indemnification to Buyer (or any of the Buyer Indemnitees) pursuant to
this Agreement, such payment or indemnification may be satisfied (at Buyer’s sole election) by offsetting the amount of such payment
or indemnification against any amounts then owing from Buyer to Seller.

 

ARTICLE
IX

Termination

 

Section
9.01 Termination. This Agreement may be terminated at any time prior to the Closing:

 

(a)
by the mutual written consent of Seller and Buyer;

 

(b)
by Buyer by written notice to Seller if:

 

    	20

     

    

 

(i)
Buyer is not then in material breach of any provision of this Agreement and there has been a material breach, inaccuracy in or failure
to perform any representation, warranty, covenant or agreement made by Seller or the Company pursuant to this Agreement that would give
rise to the failure of any of the conditions specified in ARTICLE VII and such breach, inaccuracy or failure is not or cannot be cured
by Seller or the Company within ten (10) Business Days’ after Seller’s receipt of written notice of such breach from Buyer;
or

 

(ii)
any written denial of the necessary Approvals, consents, approvals, and/or Permits from any Governmental Authority or other Person(s)
required for the Lawful consummation of the transactions, and the current and future benefits of the bargain herein. Following any denial
contemplated by this section, and such denial cannot be cured by any Party hereto within a reasonable period of time, Buyer may terminate
under this section with written notice to Seller; or

 

(iii)
any of the conditions set forth in Section 7.01 or Section 7.02 shall not have been fulfilled within ten (10) Business Days’ after
Seller’s receipt of written notice of such failure from Buyer, unless such failure shall be due to the failure of Buyer to perform
or comply with any of the covenants, agreements or conditions hereof to be performed or complied with by it prior to the Closing;

 

(c)
by Seller by written notice to Buyer if:

 

(i)
Seller is not then in material breach of any provision of this Agreement and there has been a material breach, inaccuracy in or failure
to perform any representation, warranty, covenant or agreement made by Buyer pursuant to this Agreement that would give rise to the failure
of any of the conditions specified in Article VII and such breach, inaccuracy or failure is not or cannot be cured by Buyer within ten
(10) Business Days after Buyer’s receipt of written notice of such breach from Seller; or

 

(ii)
any of the conditions set forth in Section 7.01 or Section 7.03 shall not have been fulfilled within ten (10) Business Days after Buyer’s
receipt of written notice of such failure from Seller, unless such failure shall be due to the failure of Seller to perform or comply
with any of the covenants, agreements or conditions hereof to be performed or complied with by it prior to the Closing; or

 

(d)
by Buyer or Seller in the event that:

 

(i)
there shall be any Law that makes consummation of the transactions contemplated by this Agreement illegal or otherwise prohibited (other
than federal Laws relating to cannabis in effect as of the Execution Date); or

 

(ii)
any Governmental Authority shall have issued a Governmental Order restraining or enjoining the transactions contemplated by this Agreement,
and such Governmental Order shall have become final and non-appealable.

 

    	21

     

    

 

Section
9.02 Effect of Termination. In the event of the termination of this Agreement in accordance with this ARTICLE IX, this Agreement
shall forthwith become void and there shall be no liability on the part of any Party except:

 

(a)
Seller shall promptly return to Buyer any and all amounts paid to Seller in respect of the Purchase Price;

 

(b)
Buyer shall promptly transfer to Seller all Shares of Company common stock received in the Transfer free and clear of any Encumbrance;
and

 

(c)
that nothing herein shall relieve any Party from liability for any willful breach of any provision hereof.

 

ARTICLE
X

Miscellaneous

 

Section
10.01 Expenses. Except as otherwise expressly provided herein, all costs and expenses, including fees and disbursements of counsel,
financial advisors and accountants, incurred in connection with this Agreement and the transactions contemplated hereby shall be paid
by the Party (but not the Company), as applicable, incurring such costs and expenses, whether or not the Closing shall have occurred.

 

Section
10.02 Notices. All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally,
mailed by certified mail (return receipt requested) or sent by email to the Parties at the following addresses (or at such other address
for a Party as shall be specified by like notice):

 

	 	If
    to Seller:	Alex
    Gosselin
	 	 	_____________
	 	 	_____________

	 	 	Email:
    ______________

 

	 	with
    a copy to:	Finkle
    Law Office
	 	 	5776
    Stoneridge Mall Road, Ste. 360
	 	 	Pleasanton,
    CA 94588
	 	 	robert@finklelawoffice.com
	 	 	Attention:
    Robert Finkle, Esq.

 

	 	If
    to Buyer:	Elysian
    Premium Corp.
	 	 	834-F
    S Perry St., Ste. 422
	 	 	Castle
    Rock, CO 80104
	 	 	Email:
    rhorgan@fortium-holdings.com
	 	 	Attention:
    Richard Horgan, CEO

 

    	22

     

    

 

	 	With
    a copy to:	Nason
    Yeager Gerson Harris & Fumero, P.A.
	 	 	3001
    PGA Boulevard, Suite 305
	 	 	Palm
    Beach Gardens, FL 33410
	 	 	Telephone:
    (561) 471-3507
	 	 	Attention:
    Michael D. Harris, Esq.
	 	 	Email:
    mharris@nasonyeager.com

 

Section
10.03 Headings. The headings contained in this Agreement are for reference purposes only and do not affect in any way the meaning
or interpretation of this Agreement. Whenever the words “include, “ “includes, “ or “including” are
used in this Agreement, they are deemed to be followed by the words “without limitation.”

 

Section
10.04 Rule of Construction. The general rule of construction for interpreting a contract, which provides that the provisions of a
contract should be construed against the Party preparing the contract, is waived by the Parties. Each Party acknowledges that he/she/it
was represented by separate legal counsel in this matter who participated in the preparation of this Agreement or he/she/it had the opportunity
to retain counsel to participate in the preparation of this Agreement but chose not to do so.

 

Section
10.05 Counterparts. This Agreement may be executed in one or more counterparts, all of which will be considered one and the same
agreement and will become effective when one or more counterparts have been signed by each of the Parties and delivered to the other
Parties, it being understood that all Parties need not sign the same counterpart.

 

Section
10.06 Severability. If any of the provisions contained in this Agreement shall be held invalid, illegal or unenforceable by competent
judicial authority, the validity of the remainder of the Agreement shall be unaffected and this Agreement shall be construed as if such
invalid, illegal or unenforceable provision had never been contained herein unless such enforceability materially affects the Parties’
rights under this Agreement.

 

Section
10.07 Entire Agreement. This Agreement (including the documents and instruments referred to herein) constitutes the entire agreement
and supersedes all prior agreements and understandings, both written and oral, among the Parties with respect to the subject matter hereof.

 

Section
10.08 Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their
respective successors and permitted assigns. Neither Party may assign its rights or obligations hereunder without the prior written consent
of the other Party, which consent shall not be unreasonably withheld or delayed. No assignment shall relieve the assigning party of any
of its obligations hereunder.

 

Section
10.09 No Third-Party Beneficiaries. Except as provided in ARTICLE VIII, this Agreement is for the sole benefit of the Parties hereto
and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any
other Person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

 

    	23

     

    

 

Section
10.10 Amendment and Modification; Waiver. This Agreement may only be amended, modified or supplemented by an agreement in writing
signed by each Party hereto. No waiver by any Party of any of the provisions hereof shall be effective unless explicitly set forth in
writing and signed by the Party so waiving. No waiver by any Party shall operate or be construed as a waiver in respect of any failure,
breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring
before or after that waiver. No failure to exercise, or delay in exercising, any right, remedy, power or privilege arising from this
Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or
privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

 

Section
10.11 Attorneys’ Fees. If a Party shall bring an Action against another Party by reason of any alleged breach of any covenant,
provision or condition hereof, or otherwise arising out of this Agreement, the unsuccessful Party shall pay to the prevailing Party all
attorneys’ fees and costs actually incurred by the prevailing Party, in addition to any other relief to which it may be entitled.

 

Section
10.12 Specific Performance. Seller acknowledges that the Shares are unique and cannot be obtained by Buyer except from Seller and
for that reason, among others, Buyer will be irreparably damaged in the absence of the consummation of this Agreement. Therefore, in
addition to any other remedy under law or equity, Buyer shall be entitled to an injunction or specific performance of this Agreement,
without the need to post a bond or other security, to prove any actual damage or to prove that money damages would not provide an adequate
remedy. Seller agrees that he will not oppose the granting of any injunction or specific performance of this Agreement on the basis that
Buyer has an adequate remedy at law or that any award of specific performance is not an appropriate remedy for any reason at law or at
equity.

 

Section
10.13 Consultation with an Attorney. Each Party expressly acknowledges and agrees that it: (i) has been advised to consult with an
attorney before signing this Agreement; (ii) has carefully read this Agreement in its entirety; (iii) fully understands the significance
of all of the terms and conditions of this Agreement and has discussed them with its independent legal counsel, or has had a reasonable
opportunity to do so; and (iv) is signing this Agreement voluntarily and of its own free will and agrees to abide by all the terms and
conditions contained herein.

 

Section
10.14 Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the state of California,
without giving effect to any choice or conflict of law provision or rule (whether of the state of California or any other jurisdiction)
that would cause the application of laws of any jurisdiction other than those of the state of California.

 

Section
10.15 Arbitration. Any dispute, claim or controversy arising out of or relating to this Agreement or the breach, termination,
enforcement, interpretation or validity thereof, including the determination of the scope or applicability of this Agreement to
arbitrate, shall be determined by arbitration in Alameda County, California, before one or three arbitrator(s). The arbitration shall
be administered by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures and in accordance with the Expedited Procedures
in those Rules. Judgment on the award may be entered in any court having jurisdiction. This clause shall not preclude parties from seeking
provisional remedies in aid of arbitration from a court of appropriate jurisdiction.

 

[Signature
page follows]

 

    	24

     

    

 

IN
WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed as of the date first written above by their respective
officers thereunto duly authorized.

 

	SELLER:	 	BUYER:
	 	 	 
	Alex
    Gosselin	 	Elysian
    Premium Corp.
	 	 	 	 	 
	By:
    	/s/
    Alex Gosselin	 	By:	/s/
    Richard Horgan
	Name:
    	Alex
    Gosselin	 	Name:	Richard
    Horgan
	 	 	 	Title:	CEO

 

	COMPANY:	 
	 	 	 
	Treehouse
    Company, Inc.	 
	 	 	 
	By:
    	/s/
    Alex Gosselin	 
	Name:
    	Alex
    Gosselin	 
	Title:
    	Sole
    Shareholder and Director	 

 

    	25EX-4.1

 Exhibit 4.1 

CHAPTER I. FORM, NAME, REGISTERED OFFICE, PURPOSE, DURATION 

Article 1. Form, Name 
 A société
anonyme (the “Company”) is governed by the laws of the Grand Duchy of Luxembourg, in particular the law of 10 August 1915 on commercial companies, as amended (the “Laws”) and by these articles of
association (the “Articles of Association”). 
 The Company exists under the name of “Arrival”. 

Article 2. Registered Office 
 The Company will
have its registered office in the municipality of Hesperange. 
 The registered office may be transferred to any other place within the Grand Duchy of
Luxembourg by a resolution of the Board of Directors (as defined below). The Board of Directors shall arrange that the Articles of Association are amended to reflect such transfer. 

Branches or other offices may be established either in the Grand Duchy of Luxembourg or abroad by a resolution of the Board of Directors. 

In the event that, in the view of the Board of Directors, extraordinary political, economic or social developments occur or are imminent that would interfere
with the normal activities of the Company at its registered office or with the ease of communications with this office or between this office and persons abroad, the Company may temporarily transfer the registered office abroad, until the complete
cessation of these abnormal circumstances. These temporary measures will have no effect on the nationality of the Company, which, notwithstanding the temporary transfer of the registered office, will remain a company governed by the Laws. These
temporary measures will be taken and notified to any interested parties by the Board of Directors. 
 Article 3. Purpose 

The purpose of the Company is the acquisition, holding and disposal of interests in any form whatsoever in Luxembourg and/or in foreign companies and
undertakings, as well as the administration, development and management of such interests. 
 The Company may provide loans and financing in any other kind
or form, or grant guarantees or security in any other kind or form, for the benefit of the companies and undertakings forming part of the group of which the Company is a member. 

The Company may also invest in real estate, in intellectual property rights or any other movable or immovable assets in any kind or form. 

The Company may borrow in any kind or form and issue bonds, notes or any other debt instruments as well as warrants or other share subscription rights. 

In a general fashion, the Company may carry out any commercial, industrial or financial operation, which it may deem useful in the accomplishment and
development of its purpose.  
 Article 4. Duration 

The Company is formed for an unlimited duration. 
 CHAPTER
II. CAPITAL, SHARES 
 Article 5. Share Capital 

The issued capital of the Company is set at sixty-two million forty-three thousand one hundred and thirty-four euro and
ten cent (EUR 62,043,134.10) divided into six hundred twenty million four hundred thirty-one thousand three hundred and forty-one (620,431,341) shares, with a nominal
value of ten euro cent (EUR 0.10) each, all of which are fully paid up (any share in the Company, a “Share”). 

  
 2 

 In addition to the share capital, a premium account may be established to record any premium paid on any
Share in addition to its nominal value. The premium account shall constitute a distributable reserve and may notably be used for the payment of the price for any Shares which the Company may repurchase from its shareholder(s), to offset any net
realised losses, to make distributions to the shareholder(s) or to allocate funds to the legal reserve. 
 Distributable reserve accounts may be established
to record contributions to the Company made by existing shareholders without issuance of Shares. Any such reserve shall constitute a distributable reserve and may notably be used to provide for the payment of the price of any Shares which the
Company may repurchase from its shareholder(s), to offset any net realised losses, to make distributions to the shareholder(s) or to allocate funds to the legal reserve. 

Article 6. Authorised Capital – Free Shares 

The authorised capital of the Company (including the issued share capital) is set at two hundred seventy million euro (EUR 270,000,000) divided into two
billion seven hundred million (2,700,000,000) Shares with a nominal value of ten euro cents (EUR 0.10) each. 
 The Board of Directors is
authorised, up to the maximum amount of the authorised capital, to (i) increase the issued share capital in one or several tranches with or without share premium, against payment in cash or in kind, by conversion of claims on the Company or in
any other manner for any reason whatsoever including (ii) issue subscription and/or conversion rights in relation to new shares or instruments within the limits of the authorised capital under the terms and conditions of warrants (which may be
separate or linked to Shares, bonds, notes or similar instruments issued by the Company), convertible bonds, notes or similar instruments; (iii) determine the place and date of the issue or successive issues, the issue price, the terms and
conditions of the subscription of and paying up on the new shares and instruments and (iv) remove or limit the statutory preferential subscription right of the shareholders in case of issue against payment in cash or shares, warrants (which may
be separate or attached to Shares, bonds, notes or similar instruments), convertible bonds, notes or similar instruments. 
 The Board of Directors may
authorise any person to accept on behalf of the Company subscriptions and receive payment for Shares or instruments issued under the authorised capital. 

The Board of Directors is further authorised to make an allotment of existing or newly issued shares without consideration to the following persons: 

 

	(a)	 employees of the Company or certain categories amongst those; 

 

	(b)	 employees of companies or economic interest grouping in which the Company holds directly or indirectly at least
fifty per cent (50%) of the share capital or voting rights; 

  

	(c)	 employees of companies or economic interest grouping in which at least fifty per cent (50%) of the share
capital or voting rights is held directly or indirectly by a company which holds directly or indirectly at least fifty per cent (50%) of the share capital of the Company; 

 

	(d)	 members of the corporate bodies of the Company or of the companies or economic interest grouping listed in
point (b) to (c) above or certain categories amongst those. 

 The above authorisations are valid for a period ending five
(5) years after the latest of (i) the date of the deed of incorporation of the Company or (ii) the date of the deed enacting the renewal of such authorisations. The above authorisations may be renewed, increased or reduced by a
resolution of the General Meeting voting with the quorum and majority rules set for the amendment of the Articles of Association. The shares to be issued upon exercise or conversion of any warrants (which may be separate or linked to Shares, bonds,
notes or similar instruments issued by the Company), convertible bonds, notes or similar instruments may be issued beyond the initial authorized capital period of five (5) years as long as such instruments were issued within the relevant
initial authorized capital period of five (5) years. 

  
 3 

 Following each increase of the issued share capital in accordance with this Article 6, Article 5 will be
amended so as to reflect the capital increase. Any such amendment will be recorded in a notarial deed upon the instructions of the Board of Directors or of any person duly authorised by the Board of Directors for this purpose. 

Article 7. Increase and Reduction of Capital – Acquisition of own Shares 

The share capital and/or authorised capital of the Company may be increased or reduced by a resolution of the General Meeting adopted in compliance with the
quorum and majority rules set for the amendment of the Articles of Association. 
 The new shares to be subscribed for by contribution in cash will be
offered by preference to the existing shareholders in proportion to the part of the capital which those shareholders are holding. The Board of Directors shall determine the period within which the statutory preferential subscription rights
(“PSRs”) shall be exercised (the “Subscription Period”) and the PSRs shall be freely negotiable during the Subscription Period. If, at the end of the Subscription Period, not all PSRs have been exercised, the PSRs
shall immediately lapse and the Board of Directors may decide that any person (including third parties) may participate in the capital increase by subscribing to the shares which have not been subscribed through the exercise of PSRs during the
Subscription Period. 
 Notwithstanding the above, the Board of Directors, within the limit of the authorisation under Article 6 or, the General Meeting,
voting in compliance with the quorum and majority rules set for any amendment of the Articles of Association may limit or withdraw the PSRs. 
 The Company
may acquire or repurchase Shares. 
 Article 8. Shares 
  

	8.1	 Each Share entitles to one (1) vote. 

 

	8.2	 A shareholder may individually undertake not to exercise, permanently or temporarily, all or part of its voting
rights. Such a waiver binds the relevant shareholder and the Company as from its notification to the Company. 

  

	8.3	 The rights and obligations attached to all Shares shall be identical except to the extent otherwise provided by
the Articles of Association or by the Laws. 

  

	8.4	 The co-owners of Shares must be represented towards the Company by one
(1) joint representative, whether appointed amongst them or not. 

  

	8.5	 The Shares will be in the form of registered shares only. 

 

	8.6	 A register of shares shall be kept by the Company at its registered office, where it shall be available for
inspection by any shareholder. This register shall contain the precise designation of each shareholder and the indication of the number of Shares held, the indication of the payments made on the Shares as well as the transfers of Shares and the
dates thereof. Ownership of shares will be established by inscription in the said register or in the event separate registrars have been appointed pursuant to Article 8.8, in such separate register(s). 

 

	8.7	 The Company may appoint registrars in different jurisdictions who may each maintain a separate register for the
Shares entered therein. Shareholders may elect to be entered into one of these registers and to transfer their Shares to another register so maintained. The Board of Directors may however impose transfer restrictions for Shares in compliance with
the requirements of the jurisdiction applicable to the Shares at that time. A transfer to the register kept at the Company’s registered office may always be requested. 

 

	8.8	 Subject to the provisions of Articles 8.10 and 8.11, the Company may consider the person in whose name the
Shares are registered in the register of shareholders as the full owner of such Shares. In the event that a holder of Shares does not provide an address in writing to which all notices or announcements from the Company may be sent, the Company may
permit a notice to this effect to be entered into the register of shareholders and such holder’s address will be deemed to be at the registered office of the Company or such other address as may be so entered by the Company from time to time,
until a different address shall be provided to the Company by such holder in writing. The holder may, at any time, change his address as entered in the register of shareholders by means of written notification to the Company. 

  
 4 

	8.9	 The Shares may be held by a holder through a securities settlement system or a Depositary (as this term is
defined below). The holder of Shares held in such fungible securities accounts has the same rights and obligations as if such holder held the Shares directly. The Shares held through a securities settlement system or a Depositary shall be recorded
in an account opened in the name of the holder and may be transferred from one account to another in accordance with customary procedures for the transfer of securities in book-entry form. However, the Company will make dividend payments, if any,
and any other payments in cash, shares or other securities, if any, only to the securities settlement system or Depositary recorded in the register of shareholders or in accordance with the instructions of such securities settlement system or
Depositary. Such payment will grant full discharge of the Company’s obligations in this respect. 

  

	8.10	 All communications and notices to be given to a registered shareholder shall be deemed validly made if made to
the latest address communicated by the shareholder to the Company in accordance with Article 8.8 or, if no address has been communicated by the shareholder, the registered office of the Company or such other address as may be so entered by the
Company in the register from time to time according to Article 8.8. 

  

	8.11	 Where Shares are recorded in the register of shareholders in the name of or on behalf of a securities
settlement system or the operator of such system and recorded as book-entry interests in the accounts of a professional depositary or any sub-depositary (any depositary and any
sub-depositary being referred to as a “Depositary”), the Company – subject to having received from the Depositary a certificate (or such other document as accepted by the Company) in
proper form – will permit the Depositary of such book-entry interests to exercise the rights attaching to the Shares corresponding to the book-entry interests of the relevant holder, including receiving notices of general meetings, admission to
and voting at general meetings, and shall consider the Depositary to be the holder of the Shares corresponding to the book-entry interests for purposes of this Article 8 of the present Articles of Association. The Board of Directors may determine
the formal requirements with which such certificates (or such other document as accepted by the Company) must comply and the exercise of the rights in respect of such Shares may in addition be subject to the internal rules and procedures of the
securities settlement system. 

  

	8.12	 Any person who is required to report ownership of Shares on Schedule 13D or 13G pursuant to Rule 13d-1 or changes in such ownership pursuant to Rule 13d-2, each as promulgated by the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934,
as amended, must notify the Company’s Board of Directors promptly following any reportable acquisition or disposition, and in no event later than the filing date of such Schedule 13D or 13G, of the proportion of Shares held by the relevant
person as a result of the acquisition or disposal. 

 Article 9. Transfer of Shares 

The Shares are freely transferable in accordance with the provisions of the Law, subject to any contractual restrictions or restrictions on transfer under
applicable securities laws of any jurisdiction to which the Shares are subject. 
 Without prejudice to the conditions for transfer by book entries provided
for in Article 8.10 of these Articles of Association, any transfer of Shares will be registered in the register of shares by a declaration of transfer entered into the register of shares, dated and signed by the transferor and the transferee or by
their representative(s) as well as in accordance with the rules on the transfer of claims laid down in article 1690 of the Luxembourg Civil Code. Furthermore, the Company may accept and enter into the register of shares any transfer referred to in
any correspondence or other document recording the consent of the transferor and the transferee. 
 Ownership of a Share carries implicit acceptance of the
Articles of Association and of the resolutions validly adopted by the General Meeting. 
 A transfer of Shares in breach of provisions of the Articles of
Association shall be null and void. 

  
 5 

 Article 10. Incapacity, Death, Suspension of Civil Rights, Bankruptcy or Insolvency of a shareholder

 The incapacity, death, suspension of civil rights, bankruptcy, insolvency, liquidation, or any other similar event affecting one or more
shareholder(s) does not put the Company into liquidation. 
 CHAPTER III. BOARD OF DIRECTORS, AUDITORS 

Article 11. Board of Directors 
 The Company shall
be managed by a board of directors (the “Board of Directors”). 
 The Board of Directors shall be composed of not less than six
(6) members (the “Directors”), who may but do not need to be shareholders of the Company themselves. 
 If and as long as the Company
has only one (1) shareholder, the Board of Directors may comprise one (1) Director only. 
 Each Director will be appointed by the General
Meeting. The General Meeting shall determine the number of Directors. The resolutions of the General Meeting approving the appointment of a Director shall require a separate vote for each individual candidate Director. 

The Board of Directors shall qualify the Directors as a class A Director (the “Class A Director”), a class B Director (the
“Class B Director”) or a class C Director (the “Class C Director”), with the number of Directors in each class to be divided as nearly equal as reasonably possible. 

The mandate of the first appointed Class A Directors will terminate at the annual general meeting of shareholders of the Company approving the annual
accounts for the financial year ended in 2021. 
 The mandate of the first appointed Class B Directors will terminate at the annual general meeting of
shareholders of the Company approving the annual accounts for the financial year ended in 2022. 
 The mandate of the first appointed Class C Directors
will terminate at the annual general meeting of shareholders of the Company approving the annual accounts for the financial year ended in 2023. 
 The
duration of the mandate of any Directors subsequently appointed shall be determined (i) so as not to exceed the date of the annual general meeting of shareholders of the Company approving the annual accounts of the 3rd financial year following
their appointment and (ii) so as to ensure that the mandate of all the Directors of the same class end on the same date and that a different full class of Directors be fully renewed at each annual general meeting of shareholders of the Company.

 Each Director is eligible for re-appointment for successive terms and may be removed at any time, with or without
cause by a resolution of the General Meeting. 
 In the event of a vacancy on the Board of Directors, the remaining Directors may elect by co-optation a new Director to fill such vacancy until the next General Meeting, which shall ratify such co-optation or elect a new Director instead. 

Article 12. Powers of the Board of Directors 
 The
Board of Directors is vested with the broadest powers to perform all acts necessary or useful to accomplish the Company’s purpose. 
 All powers not
expressly reserved by the Articles of Association or by the Laws to the General Meeting or to the Auditor(s) (as defined below) shall be within the competence of the Board of Directors. 

Article 13. Delegation of Powers - Representation of the Company 

The Board of Directors may delegate the daily management of the Company and the representation of the Company for that daily management to one or more persons
or committees of its choice. 

  
 6 

 The Board of Directors may create one or several committees. The composition and the powers of such
committee(s), the terms of the appointment, removal, remuneration and duration of the mandate of its/their members, as well as its/their rules of procedure are determined by the Board of Directors. The Board of Directors shall be in charge of the
supervision of the activities of the committee(s). 
 The Board of Directors may also grant other special powers of attorney or entrust permanent or
temporary tasks to one or more persons of its choice. Such persons shall exercise the tasks entrusted to them under the supervision of the Board of Directors. 

The remuneration and other benefits granted to the person(s) to whom the daily management has been delegated must be reported annually by the Board of
Directors to the General Meeting. 
 The Company will be bound towards third parties by the individual signature of the sole Director or by the joint
signatures of any three (3) Directors. 
 The Company will further be bound towards third parties by the joint signatures or single signature of any
person(s) to whom the daily management of the Company has been delegated, for that daily management, or by the joint signatures or sole signature of any person(s) to whom any special power of attorney has been granted, but only within the limits of
that special power of attorney. 
 Article 14. Meetings of the Board of Directors 

The Board of Directors may appoint from among its members a chairperson (the “Chairperson”). 

The Board of Directors will meet upon call by the Chairperson or by any Director in accordance with the provisions of this Article 14. 

The Chairperson will preside over all meetings of the Board of Directors, except that in the absence of the Chairperson, the Board of Directors may appoint
another Director as chairperson for the relevant meeting by a majority of the votes of the Directors present or represented at such meeting. 
 Except in
case of urgency or with the prior consent of all those entitled to attend, which consent shall be recorded in the minutes of the meeting at least forty-eight (48) hours’ written notice of meetings of the Board of Directors shall be given
in writing and transmitted by any means of communication allowing for the transmission of a written text. Any such notice shall specify the time and the place of the meeting, as well as the agenda and the nature of the business to be resolved upon.
The notice may be waived by properly documented consent of each Director which consent shall be recorded in the minutes of the meeting. No separate notice is required for meetings held at times and places specified in a time schedule previously
adopted by resolution of the Board of Directors. 
 The meetings of the Board of Directors shall be held in Luxembourg or at such other place as the Board
of Directors may from time to time determine. 
 Any Director may be represented at any meeting of the Board of Directors by appointing in writing,
transmitted by any means of communication allowing for the transmission of a written text, another Director as his proxy. Any Director may represent one or more Directors. 

The quorum for a valid meeting of the Board of Directors shall be the presence or the representation of at least half (1/2) of the Directors. 

When the rules of a foreign stock exchange require that, at least once a year, only independent directors of the Company may hold a meeting of the Board of
Directors, the quorum required for a meeting of the Board of Directors can be disregarded and the independent directors must all be present or represented at such meeting. The independent directors may appoint a chairman pro tempore at such
meetings. 
 Resolutions of the Board of Directors in a meeting will be taken by a majority of the votes of the Directors present or represented at such
meeting. The Chairperson shall have no casting vote in case of a tie. 

  
 7 

 Directors may participate in a meeting by conference call, videoconference or any other similar means of
communication enabling thus several persons participating therein to simultaneously communicate with each other on a continuous basis. A meeting held using such means of communication is deemed to have taken place at the Company’s registered
office. 
 A written resolution, signed by all the Directors and transmitted by any means of communication allowing for the transmission of a written text,
is proper and valid as though it had been adopted at a meeting of the Board of Directors which was duly convened and held. Such a resolution may be documented in a single document or in several separate documents having the same content and each of
them signed by one or several Directors. A written resolution passed in this way is deemed to have been taken at the Company’s registered office. 

Article 15. Resolutions of the Board of Directors 

The resolutions of the Board of Directors shall be recorded in writing. 

The minutes of any meeting of the Board of Directors will be signed by the Chairperson or the chairperson of the meeting or by any three (3) Directors.

 Copies or extracts of written resolutions or minutes, to be produced in judicial proceedings or otherwise, may be signed by the sole Director or by any
three (3) Directors acting jointly. 
 In case of a sole Director, resolutions shall be documented in writing and signed by the sole Director. 

Article 16. Management Fees and Expenses 
 Subject
to approval by the General Meeting, Directors may receive a management fee for their management of the Company and may, in addition, be reimbursed for all other expenses whatsoever incurred by the relevant Director in relation to the management of
the Company. 
 Article 17. Conflicts of Interest 

If any Director has or may have a direct or indirect financial interest in any transaction which requires the approval of the Board of Director(s), that
Director shall disclose that interest to the Board of Directors and shall not take part of any deliberation or vote on any such transaction. 
 Such
transaction and such Director’s interest shall be disclosed in a special report to the next General Meeting before any resolution is passed. 
 In case
of a sole Director, record is kept in writing of the transactions where the sole Director has such direct or indirect financial interest. 
 Where, due to a
conflict of interests, the number of Directors required to be present or represented for a valid quorum is not reached, the Board of Directors may defer the decision to the General Meeting.  

The foregoing paragraphs do not apply if the relevant transaction falls within the ordinary course of business of the Company and is entered into at
arm’s length under market conditions. 
 No transaction between the Company and any other party shall be affected or invalidated by the mere fact that
a Director (or any one of its directors, managers, officers or employees) is a director, manager, associate, member, shareholder, officer or employee of that other party. Any person related as described above to any company or firm with which the
Company shall contract or otherwise engage in business shall not, by reason of such affiliation, be automatically prevented from considering, voting or acting upon any matters with respect to such contract or other business. 

The provisions of this article apply mutatis mutandis to the persons to whom the Board of Directors has delegated the daily management of the Company,
except that in case the Board of Directors has delegated the daily management of the Company to a single person, the decision shall be deferred to the Board of Directors. 

  
 8 

 Article 18. Directors’ Liability; Indemnification 

Directors are not held personally liable for the indebtedness or other obligations of the Company. As agents of the Company, they are responsible for the
performance of their duties. Subject to the exceptions and limitations listed in below and mandatory provisions of law, every person who is, or has been, a Director or officer of the Company (and his or her heirs, executors and administrators) shall
be indemnified by the Company to the fullest extent permitted by law against liability and against all expenses reasonably incurred or paid by such person in connection with any claim, action, suit or proceeding which he becomes involved as a party
or otherwise by virtue of his or her being or having been a director or officer of the Company, or, at the request of the Company, of any other company of which the Company is a shareholder or creditor and by which he is not entitled to be
indemnified, and against amounts paid or incurred by him or her in the settlement thereof. The words “claim”, “action”, “suit” or “proceeding” shall apply to all claims, actions, suits or proceedings (civil,
criminal or otherwise including appeals) actual or threatened and the words “liability” and “expenses” shall include without limitation attorneys’ fees, costs, judgments, amounts paid in settlement and other liabilities.

 No indemnification shall be provided to any Director, officer or shareholder (i) against any liability by reason of willful misfeasance, bad faith,
gross negligence or reckless disregard of the duties involved in the conduct of his or her office (ii) with respect to any matter as to which he or she shall have been finally adjudicated to have acted in bad faith and not in the interest of
the Company or (iii) in the event of a settlement, unless the settlement has been approved by a court of competent jurisdiction or by the Board of Directors. 

The right of indemnification herein provided shall be severable, shall not affect any other rights to which any director or officer may now or hereafter be
entitled, shall continue as to a person who has ceased to be such director or officer and shall inure to the benefit of the heirs, executors and administrators of such a person. Nothing contained herein shall affect or limit any rights to
indemnification to which corporate personnel, including directors and officers, may be entitled by contract or otherwise under law. The Company shall specifically be entitled to provide contractual indemnification to and may purchase and maintain
insurance for any corporate personnel, including directors and officers of the Company, as the Company may decide upon from time to time. 
 Article
19. Confidentiality 
 Even after cessation of their mandate or function, any Director, as well as any person who is invited to attend a meeting of
the Board of Directors, shall not disclose information on the Company, the disclosure of which may have adverse consequences for the Company, unless such divulgation is required (i) by a legal or regulatory provision applicable to
sociétés anonymes or (ii) for the public benefit. 
 Article 20. Auditors 

The auditing of the Company may be entrusted to one or several auditors (commissaires) (the “Auditors”). 

When so required by the Laws, the auditing of the Company must be entrusted to one or several approved statutory auditors (réviseurs
d’entreprises agréés) (“Réviseurs”). When a Réviseur is appointed, no Auditor needs to be appointed. 

The Auditors or Réviseurs, if any, will be appointed by the General Meeting, which will determine the number of Auditors or Réviseurs and the
duration of their mandate. Each of them is eligible for re-appointment. Unless otherwise provided by the Laws, they may be removed at any time, with or without cause, by a resolution of the General Meeting.

 CHAPTER IV. GENERAL MEETING 
 Article
21. Powers of the General Meeting 
 The general meeting of shareholders (the “General Meeting”) shall have such powers as are
vested in it pursuant to the Articles of Association and the Laws. 

  
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 Article 22. Annual General Meeting 

An annual General Meeting shall be held in the Grand Duchy of Luxembourg within six (6) months of the end of the preceding financial year, except for the
first annual General Meeting which may be held within eighteen (18) months from incorporation. 
 Article 23. Other General Meetings 

The Board of Directors or the Auditor(s) (if any) may convene General Meetings (in addition to the annual General Meeting). Such meetings must be convened if
shareholders representing at least ten per cent (10%) of the Company’s share capital so require. 
 General Meetings, including the annual General
Meeting, will be held at the registered office of the Company or at such other place in the Grand Duchy of Luxembourg, and may be held abroad if, in the judgement of the Board of Directors, circumstances of force majeure so require. 

Article 24. Notice of General Meetings 
 The
shareholders shall meet in a General Meeting upon issuance of a convening notice in accordance with the Laws which shall specify the time and the place of the General Meeting as well as the agenda and the nature of the business to be resolved upon
at the relevant General Meeting. The agenda for a General Meeting shall also describe any proposed changes to the Articles of Association and, if applicable, set out the text of those changes affecting the purpose or form of the Company. If the
Shares are listed on a foreign stock exchange, the requirements of such foreign stock exchange applicable to the Company shall additionally be complied with. 

If the Shares are listed on a foreign stock exchange, all shareholders of the Company (for the avoidance of doubt, including any registered shareholder, any
Depositary and, without prejudice to any requirements as set out in any other provision of these Articles of Association, any holder of Shares) are entitled to be admitted to any General Meeting, provided, however, that the Board of Directors may
determine a date and time preceding the General Meeting as the record date for admission to such meeting, which may not be less than five (5) calendar days before the date of such meeting (the “Record Date”). 

Shareholders holding individually or collectively at least ten (10) per cent of the issued share capital of the Company, may request the addition of one
or several new items on the agenda of the General Meeting. This right shall be exercised upon request of the shareholders in writing submitted to the Company by registered letter at the address of the registered office of the Company. The requests
shall include the details requested in the convening notice. The requests from the shareholders shall be received by the Company no later than five (5) calendar days before the General Meeting. 

Article 25. Attendance - Representation 
 Each
shareholder is entitled to attend and speak at any General Meeting. 
 A shareholder may be represented at any General Meeting by another person (who does
not need to be a shareholder) appointed in writing (transmitted by any means of communication allowing for the transmission of a written text) as a proxyholder by the shareholder. A proxyholder may represent more than one (1) shareholder. 

Shareholders taking part in a meeting by conference call, through video conference or by any other means of communication allowing for their identification,
allowing all persons taking part in the meeting to hear one another on a continuous basis and allowing for an effective participation of all such persons in the meeting, are deemed to be present for the computation of the quorums and votes, subject
to such means of communication being made available at the place of the meeting. A General Meeting held in this way is deemed to have taken place at the Company’s registered office. 

Article 26. Proceedings 
 Any General Meeting shall
be presided over by the Chairperson or, in the absence of the Chairperson, by a person designated by the Board of Directors or, in the absence of such designation, by a resolution of the General Meeting. 

The chairperson of the General Meeting shall appoint a secretary. 

  
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 By resolution of the General Meeting one (1) scrutineer shall be appointed from the persons attending
the General Meeting. 
 The chairperson, the secretary and the scrutineer together form the board of the relevant General Meeting. 

In connection with each General Meeting, the Board of Directors is authorized to provide such rules of deliberations and such conditions for allowing
shareholders to take part in the meeting as the Board of Directors deems appropriate. 
 Except to the extent inconsistent with the rules and conditions as
adopted by the Board of Directors, the person presiding over the General Meeting shall have the power and authority to prescribe such additional rules and conditions and to do all such acts as, in the judgment of such person, are appropriate for the
proper conduct of the meeting. Such rules and conditions, whether adopted by the Board of Directors or prescribed by the person presiding over the meeting, may include, in each case to the extent permitted by applicable law: 

 

	(a)	 determining the order of business for the meeting; 

 

	(b)	 rules and procedures for maintaining order at the meeting and the safety of those present;

  

	(c)	 limitations on attendance at or participation in the meeting to shareholders of record, their duly authorized
and constituted attorneys or such other persons as the person presiding over the meeting shall determine; 

  

	(d)	 restrictions on entry to the meeting after the time fixed for the commencement thereof; and

  

	(e)	 limitations on the time allotted to questions or comments by participants. 

Article 27. Adjournment 
 Without limiting the
generality of Article 26 and irrespective of the agenda, the Board of Directors may adjourn any General Meeting in accordance with the formalities and time limits stipulated for by the Law. 

Such adjournment automatically cancels any resolution already adopted prior thereto. 

The adjourned General Meeting has the same agenda as the first one. Shares and proxies regularly deposited in view of the first meeting remain validly
deposited for the second one. 
 Article 28. Voting at General Meetings 

An attendance list indicating the name of each shareholder and the number of Shares for which he votes is signed by or on behalf of each shareholder present or
represented by proxy, prior to the start of the General Meeting. 
 The Board of Directors may in its sole discretion authorize each shareholder to vote at
a General Meeting through a signed voting form sent by post, electronic mail, facsimile or any other means of communication to the Company’s registered office or to the address specified in the convening notice. Subject to such authorization by
the Board of Directors, the shareholders may only use voting forms provided by the Company which contain at least the date, place and time of the meeting, the agenda of the meeting and the text of the proposed resolutions. For each resolution, the
form must contain three boxes allowing the shareholder to vote in favor thereof, against, or abstain from voting by ticking the appropriate box. For the avoidance of doubt, shareholders may not vote by voting forms where the Board of Directors has
not authorized such voting method for a given General Meeting. 
 Voting forms which, for a proposed resolution, do not show (i) a vote in favor of the
proposed resolution, (ii) a vote against the proposed resolution or (iii) an abstention from voting on the proposed resolution, are void with respect to such resolution. If a shareholder votes by means of a voting form, the voting form
shall be deposited at the registered office of the Company or with an agent of the Company duly authorized to receive such voting forms. The Company shall only take into account voting forms received no later than three (3) business days prior
to the date of the General Meeting to which they relate. The Board of Directors may set a shorter period for the submission of the voting forms. 

  
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 If a shareholder votes by means of proxy, the proxy shall be deposited at the registered office of the
Company or with an agent of the Company duly authorized to receive such proxies. The Company shall only take into account proxies received no later than three (3) business days prior to the date of the General Meeting to which they relate. The
Board of Directors may set a shorter period for the submission of the proxies. 
 A holder of Shares held through the operator of a securities settlement
system or with a Depositary wishing to attend a General Meeting must provide the Company with a certificate issued by such operator or Depositary certifying the number of Shares recorded in the relevant account on the Record Date. Such certificate
must be provided to the Company no later than three (3) business days prior to the date of such general meeting. If such holder of shares votes by means of a proxy, Article 28 of these Articles of Association shall apply. 

Resolutions the adoption of which is not subject to the quorum and the majority requirements for an amendment of the Articles of Association, shall be
adopted, irrespective of the number of Shares represented, by a simple majority of votes cast. 
 For resolutions the adoption of which is subject to the
quorum and majority requirements for an amendment of the Articles of Association, the quorum shall be at least one half (1/2) of all the Shares issued and outstanding and the resolutions shall be adopted by a two thirds (2/3rds) majority of the
votes cast. If the said quorum is not reached at a first meeting, a second meeting may be convened and resolutions shall be adopted, irrespective of the number of Shares represented, by a two thirds (2/3rds) majority of the votes cast. 

Article 29. Minutes 
 The minutes of a General
Meeting shall be signed by the members of the board of that General Meeting and may be signed by or on behalf of any shareholders, who so request. 

CHAPTER V. FINANCIAL YEAR, FINANCIAL STATEMENTS, DISTRIBUTION OF PROFITS 

Article 30. Financial Year 
 The Company’s
financial year begins on the first day of January and ends on the last day of December of each calendar year. 
 Article 31. Adoption of Financial
Statements 
 After the end of each financial year, the Board of Directors draws up the annual financials statements of the Company in accordance
with the Laws. 
 The annual statutory and/or consolidated financial statements are submitted to the General Meeting for approval. 

Each shareholder or his representative may also peruse the financial statements of the Company at the registered office of the Company. 

Article 32. Distribution of Profits 
 From the
annual net profits of the Company, at least five per cent (5%) shall each year be allocated to the reserve required by Laws (the “Legal Reserve”). That allocation to the Legal Reserve will cease to be required as soon and as long as
the Legal Reserve amounts to ten per cent (10%) of the amount of the share capital of the Company. 
 The General Meeting shall resolve how the remainder of
the annual net profits, after allocation to the Legal Reserve in accordance with the previous paragraph, will be disposed of by allocating the whole or part of the remainder to a reserve or to a provision, by carrying it forward to the next
following financial year or by distributing it, together with carried forward profits, distributable reserves or share premium to the shareholder(s), each Share entitling to the same proportion in such distributions. 

  
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 Subject to the provisions of the Laws and in compliance with the provisions in the previous two paragraphs,
the Board of Directors may resolve that the Company pays out an interim dividend to the shareholders. The Board of Directors shall set the amount and the date of payment of the interim dividend. 

Any share premium, assimilated premium or other distributable reserve may be freely distributed to the shareholders subject to the provisions of the Law and
the Articles of Association. 
 CHAPTER VI. DISSOLUTION, LIQUIDATION 

Article 33. Dissolution, Liquidation 
 The Company
may be dissolved by a resolution of the General Meeting adopted in compliance with the quorum and majority rules set for any amendment of the Articles of Association. 

Should the Company be dissolved, the liquidation will be carried out by the Board of Directors or such other person(s) (who may be physical persons or legal
entities) appointed by the General Meeting. The General Meeting shall also determine the powers and the compensation (if any) of those other person(s). 

After settlement of all the debts and liabilities of the Company, including the expenses of liquidation, the net liquidation proceeds shall be distributed to
the shareholder(s) in compliance with the same preference as set out for dividend distributions. 
 In case the Company has only one (1) shareholder,
it may also be dissolved without liquidation in accordance with article 1865bis of the Luxembourg Civil Code. 
 CHAPTER VII. APPLICABLE LAW

 Article 34. Applicable Law 
 All matters
not governed by the Articles of Association shall be determined in accordance with the Laws.  

  
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