Document:

EX-4.9

 Exhibit 4.9 
  

COLUMBIA CARE INC. 
 as the
Corporation 
 and 
 ODYSSEY
TRUST COMPANY 
 as the Warrant Agent 
  

 
 WARRANT
INDENTURE 
 Providing for the Issue of Warrants 
  

 
 Dated as of
October 29, 2020 
  
  

 TABLE OF CONTENTS 

 

							
	 ARTICLE 1 INTERPRETATION
	  	 	1	 
			
	 1.1
	 	 Definitions
	  	 	1	 
	 1.2
	 	 Gender and Number
	  	 	6	 
	 1.3
	 	 Headings, Etc.
	  	 	6	 
	 1.4
	 	 Day not a Business Day
	  	 	6	 
	 1.5
	 	 Time of the Essence
	  	 	6	 
	 1.6
	 	 Monetary References
	  	 	6	 
	 1.7
	 	 Applicable Law
	  	 	6	 
		
	 ARTICLE 2 ISSUE OF WARRANTS
	  	 	6	 
			
	 2.1
	 	 Creation and Issue of Warrants
	  	 	6	 
	 2.2
	 	 Terms of Warrants
	  	 	7	 
	 2.3
	 	 Warrantholder not a Shareholder
	  	 	7	 
	 2.4
	 	 Warrants to Rank Pari Passu
	  	 	7	 
	 2.5
	 	 Form of Warrants, Certificated Warrants
	  	 	7	 
	 2.6
	 	 Book Entry Only Warrants
	  	 	8	 
	 2.7
	 	 Warrant Certificate
	  	 	10	 
	 2.8
	 	 Legends
	  	 	11	 
	 2.9
	 	 Register of Warrants
	  	 	13	 
	 2.10
	 	 Issue in Substitution for Warrant Certificates Lost, etc.
	  	 	15	 
	 2.11
	 	 Exchange of Warrant Certificates
	  	 	15	 
	 2.12
	 	 Transfer and Ownership of Warrants
	  	 	15	 
	 2.13
	 	 Cancellation of Surrendered Warrants
	  	 	17	 
		
	 ARTICLE 3 EXERCISE OF WARRANTS
	  	 	17	 
			
	 3.1
	 	 Right of Exercise
	  	 	17	 
	 3.2
	 	 Warrant Exercise
	  	 	17	 
	 3.3
	 	 U.S. Restrictions
	  	 	20	 
	 3.4
	 	 Transfer Fees and Taxes
	  	 	22	 
	 3.5
	 	 Warrant Agency
	  	 	22	 
	 3.6
	 	 Effect of Exercise of Warrant Certificates
	  	 	22	 
	 3.7
	 	 Partial Exercise of Warrants; Fractions
	  	 	23	 
	 3.8
	 	 Expiration of Warrants
	  	 	23	 
	 3.9
	 	 Accounting and Recording
	  	 	23	 
	 3.10
	 	 Securities Restrictions
	  	 	24	 
		
	 ARTICLE 4 ADJUSTMENT OF NUMBER OF COMMON SHARES AND EXERCISE PRICE
	  	 	24	 
			
	 4.1
	 	 Adjustment of Number of Common Shares and Exercise Price
	  	 	24	 
	 4.2
	 	 Entitlement to Common Shares on Exercise of Warrant
	  	 	28	 
	 4.3
	 	 No Adjustment for Certain Transactions
	  	 	28	 
	 4.4
	 	 Determination by Independent Firm
	  	 	28	 
	 4.5
	 	 Proceedings Prior to any Action Requiring Adjustment
	  	 	29	 

							
	 4.6
	 	 Certificate of Adjustment
	  	 	29	 
	 4.7
	 	 Notice of Special Matters
	  	 	29	 
	 4.8
	 	 No Action after Notice
	  	 	29	 
	 4.9
	 	 Other Action
	  	 	29	 
	 4.10
	 	 Protection of Warrant Agent
	  	 	30	 
	 4.11
	 	 Participation by Warrantholder
	  	 	30	 
		
	 ARTICLE 5 RIGHTS OF THE CORPORATION AND COVENANTS
	  	 	30	 
			
	 5.1
	 	 Optional Purchases by the Corporation
	  	 	30	 
	 5.2
	 	 General Covenants
	  	 	31	 
	 5.3
	 	 Warrant Agent’s Remuneration and Expenses
	  	 	32	 
	 5.4
	 	 Performance of Covenants by Warrant Agent
	  	 	32	 
	 5.5
	 	 Enforceability of Warrants
	  	 	32	 
		
	 ARTICLE 6 ENFORCEMENT
	  	 	33	 
			
	 6.1
	 	 Suits by Warrantholders
	  	 	33	 
	 6.2
	 	 Suits by the Corporation
	  	 	33	 
	 6.3
	 	 Immunity of Shareholders, etc.
	  	 	33	 
	 6.4
	 	 Waiver of Default
	  	 	33	 
		
	 ARTICLE 7 MEETINGS OF WARRANTHOLDERS
	  	 	34	 
			
	 7.1
	 	 Right to Convene Meetings
	  	 	34	 
	 7.2
	 	 Notice
	  	 	34	 
	 7.3
	 	 Chairman
	  	 	34	 
	 7.4
	 	 Quorum
	  	 	34	 
	 7.5
	 	 Power to Adjourn
	  	 	35	 
	 7.6
	 	 Show of Hands
	  	 	35	 
	 7.7
	 	 Poll and Voting
	  	 	35	 
	 7.8
	 	 Regulations
	  	 	35	 
	 7.9
	 	 Corporation and Warrant Agent May be Represented
	  	 	36	 
	 7.10
	 	 Powers Exercisable by Extraordinary Resolution
	  	 	36	 
	 7.11
	 	 Meaning of Extraordinary Resolution
	  	 	37	 
	 7.12
	 	 Powers Cumulative
	  	 	37	 
	 7.13
	 	 Minutes
	  	 	38	 
	 7.14
	 	 Instruments in Writing
	  	 	38	 
	 7.15
	 	 Binding Effect of Resolutions
	  	 	38	 
	 7.16
	 	 Holdings by Corporation Disregarded
	  	 	38	 
		
	 ARTICLE 8 SUPPLEMENTAL INDENTURES
	  	 	38	 
			
	 8.1
	 	 Provision for Supplemental Indentures for Certain Purposes
	  	 	38	 
	 8.2
	 	 Successor Entities
	  	 	39	 
		
	 ARTICLE 9 CONCERNING THE WARRANT AGENT
	  	 	40	 
			
	 9.1
	 	 Indenture Legislation
	  	 	40	 
	 9.2
	 	 Rights and Duties of Warrant Agent
	  	 	40	 

  
 -ii- 

							
	 9.3
	 	 Evidence, Experts and Advisers
	  	 	40	 
	 9.4
	 	 Documents, Monies, etc. Held by Warrant Agent
	  	 	41	 
	 9.5
	 	 Actions by Warrant Agent to Protect Interest
	  	 	42	 
	 9.6
	 	 Warrant Agent Not Required to Give Security
	  	 	42	 
	 9.7
	 	 Protection of Warrant Agent
	  	 	42	 
	 9.8
	 	 Replacement of Warrant Agent; Successor by Merger
	  	 	43	 
	 9.9
	 	 Conflict of Interest
	  	 	44	 
	 9.10
	 	 Acceptance of Agency
	  	 	44	 
	 9.11
	 	 Warrant Agent Not to be Appointed Receiver
	  	 	45	 
	 9.12
	 	 Authorization to Carry on Business
	  	 	45	 
	 9.13
	 	 Warrant Agent Not Required to Give Notice of Default
	  	 	45	 
	 9.14
	 	 Anti-Money Laundering
	  	 	45	 
	 9.15
	 	 Compliance with Privacy Code
	  	 	46	 
	 9.16
	 	 Securities Exchange Commission Certification
	  	 	46	 
		
	 ARTICLE 10 GENERAL
	  	 	47	 
			
	 10.1
	 	 Notice to the Corporation and the Warrant Agent
	  	 	47	 
	 10.2
	 	 Notice to Warrantholders
	  	 	47	 
	 10.3
	 	 Ownership of Warrants
	  	 	48	 
	 10.4
	 	 Counterparts and Electronic Means
	  	 	48	 
	 10.5
	 	 Satisfaction and Discharge of Indenture
	  	 	48	 
	 10.6
	 	 Provisions of Indenture and Warrants for the Sole Benefit of Parties and
Warrantholders
	  	 	49	 
	 10.7
	 	 Warrants Owned by the Corporation - Certificate to be Provided
	  	 	49	 
	 10.8
	 	 Severability
	  	 	49	 
	 10.9
	 	 Force Majeure
	  	 	50	 
	 10.10
	 	 Assignment, Successors and Assigns
	  	 	50	 
	 10.11
	 	 Rights of Rescission and Withdrawal for Holders
	  	 	50	 
		
	 SCHEDULE “A” FORM OF WARRANT
	  	 	A-1	 
		
	 SCHEDULE “B” EXERCISE FORM
	  	 	B-1	 
		
	 SCHEDULE “C” FORM OF DECLARATION FOR REMOVAL OF LEGEND
	  	 	C-1	 

  
 -iii- 

 WARRANT INDENTURE 

THIS WARRANT INDENTURE is dated as of October 29, 2020. 

BETWEEN: 
 COLUMBIA CARE INC., a
corporation existing under the laws of the Province of British Columbia (the “Corporation”), 
 - and - 

ODYSSEY TRUST COMPANY, a trust company incorporated under the laws of Alberta and registered to carry on business in the Provinces of
British Columbia and Alberta (the “Warrant Agent”) 
 WHEREAS, the Corporation intends to issue, by way of private placement in one
or more tranches, units (“Units”) of the Corporation, with each Unit being comprised of (i) US$1,000 principal amount of 13.00% notes of the Corporation and (ii) 60 common share purchase warrants (the
“Warrants”); 
 AND WHEREAS, pursuant to this Indenture, each Warrant shall, subject to adjustment as described herein, entitle the
holder thereof to acquire one (1) common share (the “Common Shares”) of the Corporation upon payment of the Exercise Price (as defined herein) prior to the Expiry Time, upon the terms and conditions herein set forth; 

 AND WHEREAS, all acts and deeds necessary have been done and performed to make the Warrants, when created and issued as provided in this
Indenture, legal, valid and binding upon the Corporation with the benefits and subject to the terms of this Indenture; 
 AND WHEREAS, the foregoing
recitals are made as representations and statements of fact by the Corporation and not by the Warrant Agent. 
 NOW THEREFORE, in consideration of
the premises and mutual covenants hereinafter contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Corporation hereby appoints the Warrant Agent as warrant agent to hold the rights,
interests and benefits contained herein for and on behalf of those persons who from time to time become the holders of Warrants issued pursuant to this Indenture and the parties hereto agree as follows: 

ARTICLE 1 

INTERPRETATION 
  

	1.1	 Definitions. 

In this Indenture, including the recitals and schedules hereto, and in all indentures supplemental hereto: 

“Adjustment Period” means the period from the Effective Date up to and including the Expiry Time; 

“Applicable Legislation” means any statute of Canada or a province thereof, and the regulations under any such named or other
statute, relating to warrant indentures or to the rights, duties and obligations of warrant agents under warrant indentures, to the extent that such provisions are at the time in force and applicable to this Indenture; 

 “Applicable Securities Legislation” means applicable securities laws
(including rules, regulations, policies and instruments) in each of the applicable provinces and territories of Canada; 

“Auditors” means Davidson & Company LLP or such other firm of chartered professional accountants duly appointed as
auditors of the Corporation, from time to time; 
 “Authenticated” means (a) with respect to the issuance of a Warrant
Certificate, one which has been duly signed by the Corporation and authenticated by manual signature of an authorized signatory of the Warrant Agent, and (b) with respect to the issuance of an Uncertificated Warrant, one in respect of which the
Warrant Agent has completed all Internal Procedures such that the particulars of such Uncertificated Warrant as required by Section 2.7 are entered in the register of holders of Warrants, “Authenticate”,
“Authenticating” and “Authentication” have the appropriate correlative meanings; 
 “beneficial
owner” means a person that has a beneficial interest in a Warrant; 
 “Book Entry Only Participants” or
“Participants” means institutions that participate directly or indirectly in the Depository’s book entry registration system for the Warrants; 

“Book Entry Only Warrants” means Warrants that are to be held only by or on behalf of the Depository; 

“Business Day” means any day other than Saturday, Sunday or a statutory or civic holiday, or any other day on which banks are
not open for business in the City of Vancouver, Province of British Columbia, and shall be a day on which the NEO or CSE is open for trading; 

“CDS Global Warrants” means Warrants representing all or a portion of the aggregate number of Warrants issued in the name of
the Depository represented by an Uncertificated Warrant, or if requested by the Depository or the Corporation, by a Warrant Certificate; 

“Certificated Warrant” means a Warrant evidenced by a writing or writings substantially in the form of Schedule “A”,
attached hereto; 
 “Common Shares” means, subject to Article 4, fully paid and
non-assessable common shares in the capital of the Corporation as presently constituted; 

“Confirmation” has the meaning ascribed thereto in Section 3.2(d) of this Indenture; 

“Corporation” means Columbia Care Inc. or any successor entity thereto; 

“Counsel” means a barrister and/or solicitor or a firm of barristers and/or solicitors retained by the Warrant Agent or
retained by the Corporation and acceptable to the Warrant Agent, which may or may not be counsel for the Corporation; 

“CSE” means the Canadian Securities Exchange; 

  
 - 2 - 

 “Current Market Price” of the Common Shares at any date means the volume
weighted average of the trading price per Common Share for such Common Shares for each day there was a closing price for the twenty (20) consecutive Trading Days ending five (5) days prior to such date on the NEO or CSE or if on such date
the Common Shares are not listed on the NEO or CSE, on such stock exchange upon which such Common Shares are listed and as selected by the directors of the Corporation, or, if such Common Shares are not listed on any stock exchange then on such over-the-counter market as may be selected for such purpose by the directors of the Corporation; 

“Depository” means CDS Clearing and Depository Services Inc. or such other person as is designated in writing by the
Corporation to act as depository in respect of the Warrants; 
 “Dividends” means any dividends paid by the Corporation on
its Common Shares; 
 “DRS” means the Direct Registration System maintained by the Warrant Agent, in the case of the
Warrants, or the Corporation’s transfer agent, in the case the of the Common Shares; 
 “DRS Advice” means the
notification produced by the DRS system evidencing ownership of the Warrants or Common Shares, as the case may be; 
 “Effective
Date” means the date of this Indenture; 
 “Exchange Rate” means the number of Common Shares subject to the right
of purchase under each Warrant which as of the date hereof is one; 
 “Exercise Date” means, in relation to a Warrant, the
Business Day on which such Warrant is validly exercised or deemed to be validly exercised in accordance with Article 3 hereof; 

“Exercise Notice” has the meaning set forth in Section 3.2(a); 

“Exercise Price” at any time means the price at which a whole Common Share may be purchased by the exercise of a whole
Warrant, which is initially CDN$5.84 per Common Share, payable in immediately available funds, subject to adjustment in accordance with the provisions of Section 4.1; 

“Expiry Date” means May 14, 2023; 

“Expiry Time” means 5:00 p.m. (Vancouver Time) on the Expiry Date; 

“Extraordinary Resolution” has the meaning set forth in Section 7.11(a) of this Indenture; 

“Indemnified Parties” has the meaning ascribed thereto in Section 9.7(e) of this Indenture; 

“Internal Procedures” means in respect of the making of any one or more entries to, changes in or deletions of any one or more
entries in the register at any time (including without limitation, original issuance or registration of transfer of ownership), the minimum number of the Warrant Agent’s internal procedures customary at such time for the entry, change or
deletion made to be complete under the operating procedures followed at the time by the Warrant Agent, it being understood that neither preparation nor issuance shall constitute part of such procedures for any purpose of this definition; 

“Issue Date” means the closing date of the applicable tranche of the Offering; 

  
 - 3 - 

 “NEO” means the Neo Exchange Inc., or such other Canadian stock exchange on
which the Common Shares are listed for trading from time to time; 
 “Offering” has the meaning ascribed thereto in the
recitals to this Indenture; 
 “Original U.S. Warrantholder” means a U.S. Warrantholder that is (i) a Qualified
Institutional Buyer and the original purchaser of the Warrants and who delivered a properly executed Qualified Institutional Buyer Certificate attached as Annex 2 to Schedule E to the U.S. subscription agreement between each Qualified Institutional
Buyer and the Corporation in connection with its purchase of Units pursuant to the Offering, or (ii) a U.S. Accredited Investor and the original purchaser of the Warrants and who delivered a properly executed U.S. Accredited Investor Agreement
attached as Exhibit Annex 1 to Schedule E to the U.S. subscription agreement between each U.S. Accredited Investor and the Corporation in connection with its purchase of Units pursuant to the Offering; 

“person” means an individual, body corporate, partnership, limited liability company, trust, warrant agent, executor,
administrator, legal representative or any unincorporated organization; 
 “Qualified Institutional Buyer” means a
“qualified institutional buyer” as such term is defined in Rule 144A under the U.S. Securities Act, that is also a U.S. Accredited Investor; 

“register” means the one set of records and accounts maintained by the Warrant Agent pursuant to Section 2.9 of this
Indenture; 
 “Regulation D” means Regulation D under the U.S. Securities Act; 

“Regulation S” means Regulation S under the U.S. Securities Act; 

“SEC” means the U.S. Securities and Exchange Commission; 

“Shareholders” means holders of Common Shares; 

“successor entity” has the meaning ascribed thereto in Section 8.2 of this Indenture; 

“Tax Act” means the Income Tax Act (Canada) and the regulations thereunder; 

“this Warrant Indenture”, “this Indenture”, “this Agreement”, “hereto”
“herein”, “hereby”, “hereof” and similar expressions mean and refer to this Indenture and any indenture, deed or instrument supplemental hereto; and the expressions “Article”,
“Section”, “subsection” and “paragraph” followed by a number, letter or both mean and refer to the specified article, section, subsection or paragraph of this Indenture; 

“Trading Day” means, with respect to the NEO or the CSE, a day on which such exchange is open for the transaction of business
or, with respect to another exchange or an over-the-counter market, a day on which such exchange or market is open for the transaction of business; 

“U.S. Accredited Investor” means an “accredited investor” within the meaning of Rule 501(a) of Regulation D; 

  
 - 4 - 

 “U.S. Exchange Act” means the United States Securities Exchange Act of
1934, as amended, and the rules and regulations promulgated thereunder; 
 “U.S. Legend” has the meaning set forth in
Section 2.8(a); 
 “U.S. Person” has the meaning set forth in Rule 902(k) of Regulation S; 

“U.S. Securities Act” means the United States Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder; 
 “U.S. Warrantholder” means any (a) Warrantholder that (i) is a U.S. Person, (ii) is in the
United States, (iii) received an offer to acquire Warrants while in the United States, or (iv) was in the United States at the time such Warrantholder’s buy order was made or such Warrantholder executed or delivered its purchase order
for the Warrants or (b) person who acquired Warrants on behalf of, or for the account or benefit of, any U.S. Person or any person in the United States; 

“Uncertificated Warrant” means any Warrant that is not a Certificated Warrant, including DRS Advices; 

“Units” has the meaning set forth in the recitals; 

“United States” means the United States of America, its territories and possessions, any state of the United States, and the
District of Columbia; 
 “Warrant Agency” means the principal office of the Warrant Agent in the City of Vancouver, British
Columbia or such other place as may be designated in accordance with Section 3.5; 
 “Warrant Agent” means Odyssey
Trust Company, in its capacity as warrant agent of the Warrants, or its successors from time to time; 
 “Warrant
Certificate” means a certificate, substantially in the form set forth in Schedule “A” hereto, to evidence those Warrants that will be evidenced by a certificate; 

“Warrant Shares” means Common Shares issuable upon exercise of the Warrants; 

“Warrantholders”, or “holders” without reference to Warrants means the persons entered in the register
hereinafter mentioned as holders of Warrants outstanding at such time; 
 “Warrantholders’ Request” means an instrument
signed in one or more counterparts by Warrantholders holding in the aggregate not less than 50% of the aggregate number of all Warrants then-unexercised and then-outstanding, requesting the Warrant Agent to take some action or proceeding specified
therein; 
 “Warrants” means the Common Share purchase warrants created by and authorized by and issuable under this
Indenture, to be issued and countersigned hereunder as a Certificated Warrant and/or Uncertificated Warrant evidenced by a DRS Advice or held through the book entry registration system on a no certificate issued basis, entitling the holder or
holders thereof to purchase one (1) Common Share (subject to adjustment as herein provided) per Warrant at the Exercise Price prior to the Expiry Time and, where the context so requires, also means the Warrants issued and Authenticated
hereunder, whether by way of Warrant Certificate or Uncertificated Warrant; and 

  
 - 5 - 

 “written order of the Corporation”, “written request of the
Corporation”, “written consent of the Corporation” and “certificate of the Corporation” mean, respectively, a written order, request, consent and certificate signed in the name of the Corporation by any two
duly authorized signatories of the Corporation and may consist of one or more instruments so executed. 
  

	1.2	 Gender and Number. 

Words importing the singular number or masculine gender shall include the plural number or the feminine or neuter genders, and vice versa. 

 

	1.3	 Headings, Etc. 

The division of this Indenture into Articles and Sections, the provision of a Table of Contents and the insertion of headings are for convenience of reference
only and shall not affect the construction or interpretation of this Indenture or of the Warrants. 
  

	1.4	 Day not a Business Day. 

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

	1.5	 Time of the Essence. 

Time shall be of the essence of this Indenture. 
  

	1.6	 Monetary References. 

Whenever any amounts of money are referred to herein, such amounts shall be deemed to be in lawful money of Canada unless otherwise expressed. 

 

	1.7	 Applicable Law. 

This Indenture, the Warrants, the Warrant Certificates (including all documents relating thereto, which by common accord have been and will be drafted in
English) shall be construed in accordance with the laws of the Province of British Columbia and the federal laws applicable therein and shall be treated in all respects as British Columbia contracts. Each of the parties hereto, which shall include
the Warrantholders, irrevocably attorns to the exclusive jurisdiction of the courts of the Province of British Columbia with respect to all matters arising out of this Indenture and the transactions contemplated herein. 

ARTICLE 2 
 ISSUE OF
WARRANTS 
  

	2.1	 Creation and Issue of Warrants. 

An unlimited number of Warrants (subject to adjustment as herein provided) are hereby created and authorized to be issued in accordance with the terms and
conditions hereof. By written order 

  
 - 6 - 

 
of the Corporation, the Warrant Agent shall issue and deliver Warrant Certificates to Warrantholders, or no certificate for Uncertificated Warrants, and record the name of the Warrantholders on
the Warrant register. Registration of interests in Warrants held by the Depository may be evidenced by a position appearing on the register for Warrants of the Warrant Agent for an amount representing the aggregate number of such Warrants
outstanding from time to time. 
  

	2.2	 Terms of Warrants. 

 

	 	(a)	 Subject to the applicable conditions for exercise set out in Article 3 having been satisfied and subject to
adjustment in accordance with Section 4.1, each Warrant shall entitle each holder thereof, upon the exercise thereof at any time after the Issue Date and prior to the Expiry Time, to acquire one (1) Common Share upon payment to the
Corporation of the Exercise Price. 

  

	 	(b)	 No fractional Warrants shall be issued or otherwise provided for hereunder and Warrants may only be exercised
in a sufficient number to acquire whole numbers of Common Shares. Any fractional Warrants shall be rounded down to the nearest whole number. 

  

	 	(c)	 Each Warrant shall entitle the holder thereof to only such other rights and privileges as are set forth in this
Indenture. 

  

	 	(d)	 The number of Common Shares that may be purchased pursuant to the Warrants, and the Exercise Price therefor,
shall be adjusted upon the events and in the manner specified in Section 4.1. 

  

	2.3	 Warrantholder not a Shareholder. 

Except as may be specifically provided herein, nothing in this Indenture or in the holding of a Warrant Certificate, entitlement to a Warrant or otherwise,
shall, in itself, confer or be construed as conferring upon a Warrantholder any right or interest whatsoever as a Shareholder, including, but not limited to, the right to vote at, to receive notice of, or to attend, meetings of Shareholders or any
other proceedings of the Corporation, or the right to Dividends and other allocations. 
  

	2.4	 Warrants to Rank Pari Passu. 

All Warrants shall rank equally and without preference over each other, whatever may be the actual date of issue thereof. 

 

	2.5	 Form of Warrants, Certificated Warrants. 

 

	 	(a)	 The Warrants may be issued in both certificated and uncertificated form. Each Warrant issued to, or for the
account for benefit of, a U.S. Warrantholder (other than an Original U.S. Warrantholder that is a Qualified Institutional Buyer), and each Warrant in exchange or substitution therefor, will be evidenced by a Warrant Certificate that bears the U.S.
Legend. All Warrants issued in certificated form shall be evidenced by a Warrant Certificate (including all replacements issued in accordance with this Indenture), substantially in the form set out in Schedule “A” hereto, which shall be
dated as of the Issue Date, shall bear such distinguishing 

  
 - 7 - 

	 	
letters and numbers as the Corporation may, with the approval of the Warrant Agent, prescribe, and shall be issuable in any denomination excluding fractions; provided that any Warrant issued to
an Original U.S. Warrantholder that is a Qualified Institutional Buyer may be issued in certificated form or uncertificated form, in each case as part of the Warrants issued in the name of the Depository. All Warrants issued to the Depository may be
in either a certificated or uncertificated form, such uncertificated form being evidenced by a book position on the register of Warrantholders to be maintained by the Warrant Agent in accordance with Section 2.9. 

 

	 	(b)	 Each Warrantholder by purchasing such Warrant acknowledges and agrees that the terms and conditions set forth
in the form of the Warrant Certificate set out in Schedule “A” hereto shall apply to all Warrants and Warrantholders regardless of whether such Warrants are issued in certificated or uncertificated form. 

 

	2.6	 Book Entry Only Warrants. 

 

	 	(a)	 Registration of beneficial interests in and transfers of Warrants held by the Depository shall be made only
through the book entry registration system and no Warrant Certificates shall be issued in respect of such Warrants except where physical certificates evidencing ownership in such securities are required or as set out herein or as may be requested by
the Depository, as determined by the Corporation, from time to time. Except as provided in this Section 2.6, owners of beneficial interests in any CDS Global Warrants shall not be entitled to have Warrants registered in their names and shall
not receive or be entitled to receive Warrants in definitive form or to have their names appear in the register referred to in Section 2.9 herein. 

  

	 	(b)	 Notwithstanding any other provision in this Indenture, no CDS Global Warrants may be exchanged in whole or in
part for Warrants registered, and no transfer of any CDS Global Warrants in whole or in part may be registered, in the name of any person other than the Depository for such CDS Global Warrants or a nominee thereof unless: 

 

	 	(i)	 the Depository notifies the Corporation that it is unwilling or unable to continue to act as depository in
connection with the Book Entry Only Warrants and the Corporation is unable to locate a qualified successor; 

  

	 	(ii)	 the Corporation determines that the Depository is no longer willing, able or qualified to discharge properly
its responsibilities as holder of the CDS Global Warrants and the Corporation is unable to locate a qualified successor; 

  

	 	(iii)	 the Depository ceases to be a clearing agency or otherwise ceases to be eligible to be a depository and the
Corporation is unable to locate a qualified successor; 

  

	 	(iv)	 the Corporation determines that the Warrants shall no longer be held as Book Entry Only Warrants through the
Depository; 

  
 - 8 - 

	 	(v)	 such right is required by applicable law, as determined by the Corporation and the Corporation’s Counsel;

  

	 	(vi)	 the Warrant is to be Authenticated to or for the account or benefit of a U.S. Warrantholder (other than an
Original U.S. Warrantholder that is a Qualified Institutional Buyer), in which case, the Warrant Certificate shall contain the U.S. Legend set forth in Section 2.8(a), if applicable; or 

 

	 	(vii)	 such registration is effected in accordance with the internal procedures of the Depository and the Warrant
Agent, 

 following which, Warrants for those holders requesting the same shall be registered and issued to the beneficial
owners of such Warrants or their nominees as directed by the Depository. The Corporation shall provide a certificate of the Corporation giving notice to the Warrant Agent of the occurrence of any event outlined in this Section 2.6(b)(i) –
(vi). 
  

	 	(c)	 Subject to the provisions of this Section 2.6, any exchange of CDS Global Warrants for Warrants that are
not CDS Global Warrants may be made in whole or in part in accordance with the provisions of Section 2.11, mutatis mutandis. All such Warrants issued in exchange for a CDS Global Warrant or any portion thereof shall be registered in such names
as the Depository for such CDS Global Warrants shall direct and shall be entitled to the same benefits and subject to the same terms and conditions (except insofar as they relate specifically to CDS Global Warrants) as the CDS Global Warrants or
portion thereof surrendered upon such exchange. 

  

	 	(d)	 Every Warrant that is Authenticated upon registration or transfer of a CDS Global Warrant, or in exchange for
or in lieu of a CDS Global Warrant or any portion thereof, whether pursuant to this Section 2.6, or otherwise, shall be Authenticated in the form of, and shall be, a CDS Global Warrant, unless such Warrant is registered in the name of a person
other than the Depository for such CDS Global Warrant or a nominee thereof. 

  

	 	(e)	 Notwithstanding anything to the contrary in this Indenture, subject to applicable law, the CDS Global Warrant
will be issued as an Uncertificated Warrant, unless otherwise requested in writing by the Depository or the Corporation. 

  

	 	(f)	 The rights of beneficial owners of Warrants who hold securities entitlements in respect of the Warrants through
the book entry registration system shall be limited to those established by applicable law and agreements between the Depository and the Book Entry Only Participants and between such Book Entry Only Participants and the beneficial owners of Warrants
who hold securities entitlements in respect of the Warrants through the book entry registration system, and such rights must be exercised through a Book Entry Only Participant in accordance with the rules and procedures of the Depository.

  
 - 9 - 

	 	(g)	 Notwithstanding anything herein to the contrary, neither the Corporation nor the Warrant Agent nor any agent
thereof shall have any responsibility or liability for: 

  

	 	(i)	 the electronic records maintained by the Depository relating to any ownership interests or any other interests
in the Warrants or the depository system maintained by the Depository, or payments made on account of any ownership interest or any other interest of any person in any Warrant represented by an electronic position in the book entry registration
system (other than the Depository or its nominee); 

  

	 	(ii)	 maintaining, supervising or reviewing any records of the Depository or any Book Entry Only Participant relating
to any such interest; or 

  

	 	(iii)	 any advice or representation made or given by the Depository or those contained herein that relate to the rules
and regulations of the Depository or any action to be taken by the Depository on its own direction or at the direction of any Book Entry Only Participant. 

  

	 	(h)	 The Corporation may terminate the application of this Section 2.6 in its sole discretion, in which case
all Warrants shall be evidenced by Warrant Certificates registered in the name of a person other than the Depository. 

  

	2.7	 Warrant Certificate. 

 

	 	(a)	 For Warrants issued in certificated form, the form of certificate representing Warrants shall be substantially
as set out in Schedule “A” hereto or such other form as is authorized from time to time by the Corporation and the Warrant Agent. Each Warrant Certificate shall be Authenticated manually on behalf of the Warrant Agent. Each Warrant
Certificate shall be signed by any duly authorized signatory of the Corporation whose signature shall appear on the Warrant Certificate and may be printed, lithographed or otherwise mechanically reproduced thereon and, in such event, certificates so
signed are as valid and binding upon the Corporation as if it had been signed manually. Any Warrant Certificate which has a signature as hereinbefore provided shall be valid notwithstanding that the person whose signature is printed, lithographed or
mechanically reproduced no longer holds office at the date of issuance of such certificate. The Warrant Certificates may be engraved, printed or lithographed, or partly in one form and partly in another, as the Warrant Agent may determine.

  

	 	(b)	 The Warrant Agent shall Authenticate Uncertificated Warrants (whether upon original issuance, exchange,
registration of transfer, partial payment, or otherwise) by completing its Internal Procedures, and the Corporation shall, and hereby acknowledges that it shall, thereupon be deemed to have duly and validly issued such Uncertificated Warrants under
this Indenture. Such Authentication shall be conclusive evidence that each such Uncertificated Warrant has been duly issued hereunder and that the holder or holders are entitled to the benefits of this Indenture. The register shall be final and
conclusive evidence as to all matters relating to Uncertificated Warrants with respect to which this Indenture requires the Warrant Agent to maintain records or accounts. In case of differences between the register at any time and any other time the
register at the later time shall be controlling, absent manifest error and such Uncertificated Warrants are binding on the Corporation. 

  
 - 10 - 

	 	(c)	 Any Warrant Certificate validly issued in accordance with the terms of this Indenture in effect at the time of
issue of such Warrant Certificate shall, subject to the terms of this Indenture and applicable law, validly entitle the holder to acquire Common Shares, notwithstanding that the form of such Warrant Certificate may not be in the form currently
required by this Indenture. 

  

	 	(d)	 No Warrant shall be considered issued, valid or obligatory nor shall the holder thereof be entitled to the
benefits of this Indenture until the Warrant has been Authenticated by the Warrant Agent. Authentication by the Warrant Agent, including by way of entry on the register, shall not be construed as a representation or warranty by the Warrant Agent as
to the validity of this Indenture or of such Warrant Certificates or Uncertificated Warrants (except the due Authentication thereof) or as to the performance by the Corporation of its obligations under this Indenture, and the Warrant Agent shall in
no respect be liable or answerable for the use made of the Warrants or any of them or of the consideration thereof. Authentication by the Warrant Agent shall be conclusive evidence as against the Corporation that the Warrants so Authenticated have
been duly issued hereunder and that the holder thereof is entitled to the benefits of this Indenture. 

  

	 	(e)	 No Certificated Warrant shall be considered issued and Authenticated or, if Authenticated, shall be obligatory
or shall entitle the holder thereof to the benefits of this Indenture, until it has been Authenticated by manual signature by or on behalf of the Warrant Agent substantially in the form of the Warrant Certificate set out in Schedule “A”
hereto. Such Authentication on any such Certificated Warrant shall be conclusive evidence that such Certificated Warrant is duly Authenticated and is valid and a binding obligation of the Corporation and that the holder is entitled to the benefits
of this Indenture. 

  

	 	(f)	 No Uncertificated Warrant shall be considered issued and shall be obligatory or shall entitle the holder
thereof to the benefits of this Indenture, until it has been Authenticated by entry on the register of the particulars of the Uncertificated Warrant. Such entry on the register of the particulars of an Uncertificated Warrant shall be conclusive
evidence that such Uncertificated Warrant is a valid and binding obligation of the Corporation and that the holder is entitled to the benefits of this Indenture. 

 

	 	(g)	 The Authentication by the Warrant Agent of any Warrants whether by way of entry on the register or otherwise
shall not be construed as a representation or warranty by the Warrant Agent as to the validity of this Indenture or such Warrants (except the due Authentication thereof) or as to the performance by the Corporation of its obligations under this
Indenture and the Warrant Agent shall in no respect be liable or answerable for the use made of the Warrants or any of them or the proceeds thereof. 

  

	2.8	 Legends. 

  

	 	(a)	 Neither the Warrants nor the Warrant Shares have been, nor will they be, registered under the U.S. Securities
Act or under the securities laws of any state of the United States, and may not be offered, sold or otherwise disposed of by a U.S. 

  
 - 11 - 

	 	Warrantholder unless an exemption or exclusion from the registration requirements of the U.S. Securities Act and applicable state securities laws is available or the Warrants and Warrant Shares, as applicable, are the
subject of an effective registration statement under the U.S. Securities Act. Each Warrant Certificate issued to, or for the benefit or account of, a U.S. Warrantholder (other than an Original U.S. Warrantholder that is a Qualified Institutional
Buyer), and each Warrant Certificate issued in exchange therefor or in substitution thereof shall bear the following legend or such variations thereof as the Corporation may prescribe from time to time (the “U.S. Legend”):

 “THE SECURITIES REPRESENTED HEREBY AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN AND WILL NOT
BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE HOLDER HEREOF, BY ACQUIRING SUCH SECURITIES, AGREES, FOR THE BENEFIT
OF COLUMBIA CARE INC. (THE “CORPORATION”), THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, ONLY: (A) TO THE CORPORATION; (B) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH
RULE 904 OF REGULATION S UNDER THE U.S. SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE LOCAL LAWS AND REGULATIONS; (C) IN COMPLIANCE WITH (1) RULE 144A UNDER THE U.S. SECURITIES ACT, IF AVAILABLE, OR (2) RULE 144 UNDER THE U.S.
SECURITIES ACT, IF AVAILABLE, AND, IN EACH CASE, IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS; OR (D) IN ANOTHER TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAWS,
PROVIDED THAT IN THE CASE OF TRANSFERS PURSUANT TO (C)(2) OR (D) ABOVE, A LEGAL OPINION FROM COUNSEL OF RECOGNIZED STANDING IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE CORPORATION MUST FIRST BE PROVIDED. DELIVERY OF THIS CERTIFICATE
MAY NOT CONSTITUTE “GOOD DELIVERY” IN SETTLEMENT OF TRANSACTIONS ON STOCK EXCHANGES IN CANADA.” 
 provided that, if
the Warrants are being sold outside the United States in compliance with Rule 904 of Regulation S and in compliance with applicable local securities laws and regulations, and the Corporation is a “foreign private issuer” (as such term is
defined in Regulation S) at the time the Warrants are originally issued, this U.S. Legend may be removed by the transferor providing a declaration to the Warrant Agent and to the Corporation in the form set forth in Schedule “C” or as the
Corporation may prescribe from time to time, or such other evidence which may include an opinion of counsel of recognized standing in form and substance reasonably satisfactory to the Corporation; provided further, that, if any such

  
 - 12 - 

 
Warrants are being sold pursuant to Rule 144 under the U.S. Securities Act, if available, or in another transaction that does not require registration under the U.S. Securities Act or applicable
state securities laws, the U.S. Legend may be removed by delivery to the Warrant Agent and the Corporation of an opinion of counsel, of recognized standing, reasonably satisfactory to the Corporation, to the effect that such U.S. Legend is no longer
required under applicable requirements of the U.S. Securities Act and applicable state securities laws. 
 The Warrant Agent shall be
entitled to request any other documents that it may reasonably require in accordance with its internal policies for the removal of the U.S. Legend set forth above. 
  

	 	(b)	 Each CDS Global Warrant originally issued in Canada and held by the Depository, and each CDS Global Warrant
issued in exchange therefor or in substitution thereof shall bear or be deemed to bear the following legend or such variations thereof as the Corporation may prescribe from time to time: 

“UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF CDS CLEARING AND DEPOSITORY SERVICES INC.
(“CDS”) TO COLUMBIA CARE INC. (THE “ISSUER”) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IN RESPECT THEREOF IS REGISTERED IN THE NAME OF CDS & CO., OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF CDS (AND ANY PAYMENT IS MADE TO CDS & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF CDS), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED HOLDER HEREOF, CDS & CO., HAS A PROPERTY INTEREST IN THE SECURITIES REPRESENTED BY THIS CERTIFICATE HEREIN, AND IT IS A VIOLATION OF ITS RIGHTS FOR ANOTHER PERSON TO HOLD,
TRANSFER OR DEAL WITH THIS CERTIFICATE.” 
  

	 	(c)	 Notwithstanding any other provisions of this Indenture, in processing and registering transfers of Warrants, no
duty or responsibility whatsoever shall rest upon the Warrant Agent to determine the compliance by any transferor or transferee with the terms of the legend contained in subsections 2.8(a) or 2.8(b), or with the relevant securities laws or
regulations, including, without limitation, Regulation S, and the Warrant Agent shall be entitled to assume that all transfers that are processed in accordance with this Indenture are legal and proper. 

 

	2.9	 Register of Warrants. 

 

	 	(a)	 The Warrant Agent shall maintain records and accounts concerning the Warrants, whether certificated or
uncertificated, which shall contain the information called for below with respect to each Warrant, together with such other information as may be required by law or as the Warrant Agent may elect to record. All such

  
 - 13 - 

	 	
information shall be kept in one set of accounts and records which the Warrant Agent shall designate (in such manner as shall permit it to be so identified as such by an unaffiliated party) as
the register of the holders of Warrants. The information to be entered for each account in the register of Warrants at any time shall include (without limitation): 

 

	 	(i)	 the name and address of the holder of the Warrants, the date of Authentication thereof and the number of
Warrants; 

  

	 	(ii)	 whether such Warrant is a Certificated Warrant or an Uncertificated Warrant and, if a Warrant Certificate, the
unique number or code assigned to and imprinted thereupon and, if an Uncertificated Warrant, the unique number or code assigned thereto if any; 

  

	 	(iii)	 if any portion thereof has been exercised, the date and price of such exercise, and the remaining balance of
such Warrants; 

  

	 	(iv)	 whether such Warrant has been cancelled; and 

 

	 	(v)	 a register of transfers in which all transfers of Warrants and the date and other particulars of each transfer
shall be entered. 

 The register shall be available for inspection by the Corporation or any Warrantholder during the
Warrant Agent’s regular business hours on a Business Day and upon payment to the Warrant Agent of its reasonable fees. Any Warrantholder exercising such right of inspection shall first provide an affidavit, in form satisfactory to the
Corporation and the Warrant Agent, stating the name and address of the Warrantholder and agreeing not to use the information therein except in connection with an effort to call a meeting of Warrantholders or to influence the voting of Warrantholders
at any meeting of Warrantholders. 
  

	 	(b)	 Once an Uncertificated Warrant has been Authenticated, the information set forth in the register with respect
thereto at the time of Authentication may be altered, modified, amended, supplemented or otherwise changed only to reflect exercise or proper instructions to the Warrant Agent from the holder as provided herein, except that the Warrant Agent may act
unilaterally to make purely administrative changes internal to the Warrant Agent and changes to correct errors. Each person who becomes a holder of an Uncertificated Warrant, by his, her or its acquisition thereof shall be deemed to have
irrevocably: (i) consented to the foregoing authority of the Warrant Agent to make such minor error corrections; and (ii) agreed to pay to the Warrant Agent, promptly upon written demand, the full amount of all loss and expense (including
without limitation reasonable legal fees of the Corporation and the Warrant Agent plus interest, at an appropriate then prevailing rate of interest to the Warrant Agent) sustained by the Corporation or the Warrant Agent as a proximate result of such
error if, but only if, and only to the extent that such present or former holder realized any benefit as a result of such error and could reasonably have prevented, forestalled or minimized such loss and expense by prompt reporting of the error or
avoidance of accepting benefits thereof whether or not such error is or should have been timely detected and corrected by the Warrant Agent; provided, that no person who is a bona fide purchaser shall have any such obligation to the Corporation or
to the Warrant Agent. 

  
 - 14 - 

	2.10	 Issue in Substitution for Warrant Certificates Lost, etc. 

 

	 	(a)	 If any Warrant Certificate becomes mutilated or is lost, destroyed or stolen, the Corporation, subject to
applicable law, shall issue, and thereupon the Warrant Agent shall certify and deliver, a new Warrant Certificate of like tenor and bearing the same legend, if applicable, as the one mutilated, lost, destroyed or stolen in exchange for and in place
of and upon cancellation of such mutilated Warrant Certificate, or in lieu of and in substitution for such lost, destroyed or stolen Warrant Certificate, and the substituted Warrant Certificate shall be in a form approved by the Warrant Agent, and
the Warrants evidenced thereby shall be entitled to the benefits hereof and shall rank equally in accordance with its terms with all other Warrants issued or to be issued hereunder. 

 

	 	(b)	 The applicant for the issue of a new Warrant Certificate pursuant to this Section 2.10 shall bear the cost
of the issue thereof and, in case of loss, destruction or theft, shall, as a condition precedent to the issuance thereof, furnish to the Corporation and to the Warrant Agent such evidence of ownership and of the loss, destruction or theft of the
Warrant Certificate so lost, destroyed or stolen as shall be satisfactory to the Corporation and to the Warrant Agent, in their sole discretion, and such applicant shall also be required to furnish an indemnity and surety bond in amount and form
satisfactory to the Corporation and the Warrant Agent, in their sole discretion, and shall pay the reasonable charges of the Corporation and the Warrant Agent in connection therewith. 

 

	2.11	 Exchange of Warrant Certificates. 

 

	 	(a)	 Any one or more Warrant Certificates representing any number of Warrants may, upon compliance with the
reasonable requirements of the Warrant Agent (including compliance with applicable securities legislation), be exchanged for one or more other Warrant Certificates representing the same aggregate number of Warrants, and bearing the same legend, if
applicable, as represented by the Warrant Certificate or Warrant Certificates so exchanged. 

  

	 	(b)	 Warrant Certificates may be exchanged only at the Warrant Agency or at any other place that is designated by
the Corporation with the approval of the Warrant Agent. Any Warrant Certificate from the holder (or such other instructions, in form satisfactory to the Warrant Agent), tendered for exchange shall be surrendered to the Warrant Agency and cancelled
by the Warrant Agent. 

  

	 	(c)	 Warrant Certificates exchanged for Warrant Certificates that bear the U.S. Legend set forth in
Section 2.8(a) shall bear the same U.S. Legend. 

  

	2.12	 Transfer and Ownership of Warrants. 

 

	 	(a)	 The Warrants may only be transferred on the register kept by the Warrant Agent at the Warrant Agency by the
holder or its legal representatives or its attorney duly appointed by an instrument in writing in form and execution satisfactory to the 

  
 - 15 - 

	 	
Warrant Agent only upon: (a) in the case of a Warrant Certificate, surrendering to the Warrant Agent at the Warrant Agency the Warrant Certificate representing the Warrants to be transferred
together with a duly executed transfer form as set forth in Schedule “A” (together with a declaration for removal of U.S. Legend or opinion of counsel, if required by Section 2.8(a)); (b) in the case of Book Entry Only Warrants, in
accordance with procedures prescribed by the Depository under the book entry registration system; (c) in the case of DRS Advices, in accordance with the procedures prescribed by the Warrant Agent; and (d) upon compliance with:

  

	 	(i)	 the conditions herein; 

 

	 	(ii)	 such reasonable requirements as the Warrant Agent may prescribe; and 

 

	 	(iii)	 all applicable securities legislation and requirements of regulatory authorities; 

and, in the case of (a) or (c) above, such transfer shall be duly noted in such register by the Warrant Agent. Upon compliance with such
requirements, the Warrant Agent shall issue to the transferee a Warrant Certificate or DRS Advice, as applicable. Transfers within the systems of the Depository are not the responsibility of the Warrant Agent and will not be noted on the register
maintained by the Warrant Agent. 
  

	 	(b)	 If a Warrant Certificate tendered for transfer bears the U.S. Legend set forth in Section 2.8(a), the
Warrant Agent shall not register such transfer unless the transferor has provided the Warrant Agent with the Warrant Certificate and: (A) the transfer is made to the Corporation; (B) the transfer is made outside of the United States in a
transaction meeting the requirements of Rule 904 of Regulation S, and is in compliance with applicable local laws and regulations, and the transferor delivers to the Warrant Agent and the Corporation a declaration substantially in the form set forth
in Schedule “C” to this Warrant Indenture, or in such other form as the Corporation may from time to time prescribe, together with such other evidence of the availability of an exemption or exclusion from registration under the U.S.
Securities Act (which may, without limitation, include an opinion of counsel, of recognized standing reasonably satisfactory to the Corporation) as the Corporation may reasonably require; (C) the transfer is made pursuant to the exemption from
the registration requirements of the U.S. Securities Act provided by (i) Rule 144A thereunder, if available, or (ii) Rule 144 thereunder, if available, and in each case in accordance with any applicable state securities or “blue
sky” laws; (D) the transfer is in compliance with another exemption from registration under the U.S. Securities Act and applicable state securities laws; or (E) the transfer is made pursuant to an effective registration statement
under the U.S. Securities Act and any applicable state securities laws; provided that, it has prior to any transfer pursuant to Sections 2.12(b)(C)(ii) or 2.12(b)(D) furnished to the Warrant Agent and the Corporation an opinion of counsel or other
evidence in form and substance reasonably satisfactory to the Corporation to such effect. In relation to a transfer under (C)(ii) or (D) above, unless the Corporation and the Warrant Agent receive an opinion of counsel, of recognized standing,
or other 

  
 - 16 - 

	 	
evidence reasonably satisfactory to the Corporation in form and substance, to the effect that the U.S. Legend set forth in subsection 2.8(a) is no longer required on the Warrant Certificates
representing the transferred Warrants, the Warrant Certificates received by the transferee will continue to bear the U.S. Legend set forth in Section 2.8(a). 

 

	 	(c)	 Subject to the provisions of this Indenture, Applicable Legislation and applicable law, the Warrantholder shall
be entitled to the rights and privileges attaching to the Warrants, and the issue of Common Shares by the Corporation upon the exercise of Warrants in accordance with the terms and conditions herein contained shall discharge all responsibilities of
the Corporation and the Warrant Agent with respect to such Warrants, and neither the Corporation nor the Warrant Agent shall be bound to inquire into the title of any such holder. 

 

	2.13	 Cancellation of Surrendered Warrants. 

All Warrant Certificates surrendered pursuant to Article 3 or transferred or exchanged pursuant to Article 2 shall be cancelled by the Warrant Agent, and, upon
such circumstances, all such Uncertificated Warrants shall be deemed cancelled and so noted on the register by the Warrant Agent. Upon request by the Corporation, the Warrant Agent shall furnish to the Corporation a cancellation certificate
identifying the Warrant Certificates so cancelled, the number of Warrants evidenced thereby, the number of Common Shares, if any, issued pursuant to such Warrants and the details of any Warrant Certificates issued in substitution or exchange for
such Warrant Certificates cancelled. 
 ARTICLE 3 

EXERCISE OF WARRANTS 
  

	3.1	 Right of Exercise. 

Subject to the provisions hereof, each Warrantholder may exercise the right conferred on such holder to subscribe for and purchase one (1) Common Share
for each Warrant after the Issue Date and prior to the Expiry Time, subject to adjustment, and in accordance with the conditions herein; provided, however, that such exercise must be permitted under the U.S. Securities Act and under any applicable
United States state securities laws. 
  

	3.2	 Warrant Exercise. 

 

	 	(a)	 Holders of Certificated Warrants who wish to exercise the Warrants held by them in order to acquire Common
Shares must, if permitted pursuant to the terms and conditions hereunder and as set forth in any applicable legend, complete the exercise form (the “Exercise Notice”) attached to the Warrant Certificate(s) which form is attached
hereto as Schedule “B”, which may be amended by the Corporation with the consent of the Warrant Agent, if such amendment does not, in the reasonable opinion of the Corporation and the Warrant Agent, which may be based on the advice of
Counsel, materially and adversely affect the rights, entitlements and interests of the Warrantholders, and deliver such certificate(s), the executed Exercise Notice and a certified cheque, bank draft or money order payable to or to the order of the
Corporation for the aggregate Exercise Price to the Warrant 

  
 - 17 - 

	 	
Agent at the Warrant Agency. The Warrants represented by a Warrant Certificate shall be deemed to be surrendered upon personal delivery of such certificate, Exercise Notice and aggregate Exercise
Price or, if such documents are sent by mail or other means of transmission, upon actual receipt thereof by the Warrant Agent at the office referred to above. 

  

	 	(b)	 In addition to completing the Exercise Notice attached to the Warrant Certificate(s), a Warrantholder (other
than an Original U.S. Warrantholder) who is (i) in the United States, (ii) a U.S. Person, (iii) a person exercising such Warrants for the account or benefit of a U.S. Person or a person in the United States, (iv) executing or
delivering the Exercise Notice attached as Schedule “B” hereto in the United States, or (v) requesting delivery in the United States of the Warrant Shares, must provide an opinion of counsel of recognized standing or other evidence,
in form and substance reasonably satisfactory to the Corporation, that the exercise is exempt from the registration requirements of the U.S. Securities Act and applicable securities laws of any state of the United States. 

 

	 	(c)	 A Warrantholder evidenced by a security entitlement in respect of Warrants must complete the Exercise Notice
and deliver the executed Exercise Notice and a certified cheque, bank draft or money order payable to or to the order of the Corporation for the aggregate Exercise Price to the Warrant Agent at the Warrant Agency. The Uncertificated Warrants shall
be deemed to be surrendered upon receipt of the Exercise Notice and aggregate Exercise Price or, if such documents are sent by mail or other means of transmission, upon actual receipt thereof by the Warrant Agent at the office referred to above.

  

	 	(d)	 A beneficial owner of Warrants issued in uncertificated form evidenced by a security entitlement in respect of
Warrants in the book entry registration system who desires to exercise his or her Warrants must do so by causing a Book Entry Only Participant to deliver to the Depository on behalf of the entitlement holder, notice of the owner’s intention to
exercise Warrants in a manner acceptable to the Depository. Forthwith upon receipt by the Depository of such notice, as well as payment for the aggregate Exercise Price, the Depository shall deliver to the Warrant Agent confirmation of its intention
to exercise Warrants (a “Confirmation”) in a manner acceptable to the Warrant Agent, including by electronic means through a book based registration system, including CDSX. An electronic exercise of the Warrants initiated by the
Book Entry Only Participant through a book based registration system, including CDSX, shall constitute a representation to both the Corporation and the Warrant Agent that the beneficial owner at the time of exercise of such Warrants either:
(i) (A) is not in the United States; (B) is not a U.S. Person and is not exercising such Warrants on behalf of a U.S. Person or a person in the United States; (C) did not acquire the Warrants in the United States or on behalf of, or
for the account or benefit of a U.S. Person or a person in the United States; (D) did not receive an offer to exercise the Warrant in the United States; (E) did not execute or deliver the notice of the owner’s intention to exercise
such Warrants in the United States; and (F) has, in all other respects, complied with the terms of Regulation S in connection with such exercise; or (ii) is an Original U.S. Warrantholder that is a Qualified Institutional Buyer.

  
 - 18 - 

 If the Book Entry Only Participant is not able to make or deliver either the
representations in Section 3.2(d) or the representations in Section 3.2(b) by initiating the electronic exercise of the Warrants, then (a) such Warrants shall be withdrawn from the book based registration system, including CDSX, by
the Book Entry Only Participant; (b) an individually registered Warrant Certificate shall be issued by the Warrant Agent to such beneficial owner or Book Entry Only Participant and (c) the exercise procedures set forth in
Section 3.2(a) shall be followed. 
  

	 	(e)	 Payment representing the aggregate Exercise Price must be provided to the appropriate office of the Book Entry
Only Participant in a manner acceptable to it. A notice in form acceptable to the Book Entry Only Participant and payment from such beneficial holder should be provided to the Book Entry Only Participant sufficiently in advance so as to permit the
Book Entry Only Participant to deliver notice and payment to the Depository and for the Depository in turn to deliver notice and payment to the Warrant Agent prior to Expiry Time. The Depository will initiate the exercise by way of the Confirmation
and forward the aggregate Exercise Price electronically to the Warrant Agent for prompt onward payment by the Warrant Agent to the Corporation which the Warrant Agent will promptly pay to the Corporation, and the Warrant Agent will execute the
exercise by issuing to the Depository through the book entry registration system the Common Shares to which the exercising beneficial owner is entitled pursuant to the exercise. Any expense associated with the exercise process will be for the
account of the entitlement holder exercising the Warrants and/or the Book Entry Only Participant exercising the Warrants on its behalf. 

  

	 	(f)	 By causing a Book Entry Only Participant to deliver notice to the Depository, a beneficial owner shall be
deemed to have irrevocably surrendered his or her Warrants so exercised and appointed such Book Entry Only Participant to act as his or her exclusive settlement agent with respect to the exercise of the Warrants and the receipt of Common Shares in
connection with the obligations arising from such exercise. 

  

	 	(g)	 Any notice which the Depository determines to be incomplete, not in proper form or not duly executed shall for
all purposes be void and of no effect, and the exercise to which it relates shall be considered for all purposes not to have been exercised thereby. A failure by a Book Entry Only Participant to exercise or to give effect to the settlement thereof
in accordance with the beneficial owner’s instructions will not give rise to any obligations or liability on the part of the Corporation or Warrant Agent to the Book Entry Only Participant or the beneficial owner. 

 

	 	(h)	 Any exercise form or Exercise Notice referred to in this Section 3.2 shall be signed by the Warrantholder,
or its executors or administrators or other legal representatives or an attorney of the Warrantholder, duly appointed by an instrument in writing satisfactory to the Warrant Agent, but such exercise form need not be executed by the Depository.

  
 - 19 - 

	 	(i)	 Any exercise referred to in this Section 3.2 shall require that the entire Exercise Price for Common
Shares subscribed must be paid at the time of subscription, and such Exercise Price and original Exercise Notice executed by the Warrantholder or the Confirmation from the Depository must be received by the Warrant Agent prior to the Expiry Time.

  

	 	(j)	 Notwithstanding the foregoing in this Section 3.2, Warrants may only be exercised pursuant to this
Section 3.2 by or on behalf of a Warrantholder, as applicable, who makes the certifications set forth on the Exercise Notice set out in Schedule “B” or as provided herein. 

 

	 	(k)	 If the form of Exercise Notice set forth in the Warrant Certificate shall have been amended, the Corporation
shall cause the amended Exercise Notice to be forwarded to all Warrantholders. 

  

	 	(l)	 Exercise Notices and Confirmations must be delivered to the Warrant Agent at any time during the Warrant
Agent’s actual business hours on any Business Day prior to the Expiry Time. Any Exercise Notice or Confirmations received by the Warrant Agent after business hours on any Business Day other than the Expiry Date will be deemed to have been
received by the Warrant Agent on the next following Business Day. 

  

	 	(m)	 Any Warrant with respect to which an Exercise Notice or Confirmation is not received by the Warrant Agent
before the Expiry Time shall be deemed to have expired and become void and all rights with respect to such Warrants shall terminate and be cancelled. 

  

	3.3	 U.S. Restrictions. 

The Warrants and the Warrant Shares have not been and will not be registered under the U.S. Securities Act or the securities laws of any state of the United
States, and the Warrants may not be exercised within the United States by or on behalf of, or for the account or benefit of, a U.S. Person or a person in the United States unless an exemption from such registration requirements is available. 

 

	 	(a)	 Warrants may not be exercised except in compliance with the requirements set forth herein, in the Warrant
Certificate hereto and in the Exercise Notice attached thereto. 

  

	 	(b)	 Warrant Shares issued upon the exercise of any Certificated Warrant (and each certificate issued in exchange
therefor or in substitution thereof) (i) which bears the U.S. Legend set forth in Section 2.8(a), or (ii) other than pursuant to Box A of the Exercise Notice attached as Schedule “B” hereto shall be issued in certificated
form and, upon such issuance, shall bear the following legend: 

 “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN
AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE HOLDER HEREOF, BY ACQUIRING SUCH SECURITIES,
AGREES, FOR THE BENEFIT OF COLUMBIA CARE 

  
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 INC. (THE “CORPORATION”), THAT SUCH SECURITIES MAY BE OFFERED, SOLD,
PLEDGED OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, ONLY: (A) TO THE CORPORATION; (B) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE U.S. SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE LOCAL LAWS
AND REGULATIONS; (C) IN COMPLIANCE WITH (1) RULE 144A UNDER THE U.S. SECURITIES ACT, IF AVAILABLE, OR (2) RULE 144 UNDER THE U.S. SECURITIES ACT, IF AVAILABLE, AND, IN EACH CASE, IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS; OR
(D) IN ANOTHER TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAWS, PROVIDED THAT IN THE CASE OF TRANSFERS PURSUANT TO (C)(2) OR (D) ABOVE, A LEGAL OPINION FROM COUNSEL OF
RECOGNIZED STANDING IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE CORPORATION MUST FIRST BE PROVIDED. DELIVERY OF THIS CERTIFICATE MAY NOT CONSTITUTE “GOOD DELIVERY” IN SETTLEMENT OF TRANSACTIONS ON STOCK EXCHANGES IN CANADA.”
 
 provided that, if any such Warrant Shares are being sold outside the United States in compliance with Rule 904 of
Regulation S and in compliance with applicable local securities laws and regulations, the legend set forth above may be removed by providing a declaration to the Corporation’s registrar and transfer agent and to the Corporation in the form set
forth in Schedule “C” or as the Corporation may prescribe from time to time, or such other evidence which may include an opinion of counsel of recognized standing in form and substance reasonably satisfactory to the Corporation; provided
further, that, if any such Warrant Shares are being sold pursuant to Rule 144 under the U.S. Securities Act, if available, or in another transaction that does not require registration under the U.S. Securities Act or applicable state securities
laws, the legend may be removed by delivery to the registrar and transfer agent of the Corporation and to the Corporation of an opinion of counsel, of recognized standing, reasonably satisfactory to the Corporation, to the effect that such legend is
no longer required under applicable requirements of the U.S. Securities Act and applicable state securities laws. 
  

	 	(c)	 Notwithstanding anything to the contrary contained herein or in any Warrant or other agreement or instrument,
the Corporation shall be entitled to cause a U.S. restrictive legend to be affixed to, or marked with respect to, any Warrant Shares issued upon exercise of Warrants at such time as the Corporation is not a “foreign issuer” (as defined in
Regulation S) in the event that the Corporation determines that such affixing or marking of a U.S. restrictive legend is then necessary to comply with U.S. securities laws. 

  
 - 21 - 

	3.4	 Transfer Fees and Taxes. 

If any of the Common Shares subscribed for are to be issued to a person or persons other than the Warrantholder, the Warrantholder shall execute the form of
transfer and will comply with such reasonable requirements as the Warrant Agent may stipulate and will pay to the Corporation or the Warrant Agent on behalf of the Corporation, all applicable transfer or similar taxes, and the Corporation will not
be required to issue or deliver certificates evidencing Common Shares unless or until such Warrantholder shall have paid to the Corporation, or the Warrant Agent on behalf of the Corporation, the amount of such tax or shall have established to the
satisfaction of the Corporation and the Warrant Agent that such tax has been paid or that no tax is due. 
  

	3.5	 Warrant Agency. 

To facilitate the exchange, transfer or exercise of Warrants and compliance with such other terms and conditions hereof as may be required, the Corporation has
appointed the Warrant Agency, as the agency at which Warrants may be surrendered for exchange or transfer or at which Warrants may be exercised, and the Warrant Agent has accepted such appointment. The Corporation may, from time to time, designate
alternate or additional places as the Warrant Agency (subject to the Warrant Agent’s prior approval) and will give notice to the Warrant Agent of any proposed change of the Warrant Agency. Branch registers shall also be kept at such other place
or places, if any, as the Corporation, with the approval of the Warrant Agent, may designate. The Warrant Agent will, from time to time, when requested to do so by the Corporation or any Warrantholder and upon payment of the Warrant Agent’s
reasonable charges, furnish a list of the names and addresses of Warrantholders showing the number of Warrants held by each such Warrantholder. 
  

	3.6	 Effect of Exercise of Warrant Certificates. 

 

	 	(a)	 Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to
Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the
holder or holders of such Common Shares on the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the
holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of record on the
Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date. 

 

	 	(b)	 As soon as practicable, and in any event no later than within five Business Days after the Exercise Date with
respect to a Warrant, the Warrant Agent shall cause to be delivered or mailed to the person or persons in whose name or names the Warrant is registered or, if so specified in writing by the holder, cause to be delivered to such person or persons at
the Warrant Agency where the Warrant Certificate was surrendered, a certificate or certificates for the appropriate number of Common Shares subscribed for, or any other appropriate evidence of the issuance of Common Shares to such person or persons
in respect of Common Shares issued under the book entry registration system. 

  
 - 22 - 

	3.7	 Partial Exercise of Warrants; Fractions. 

 

	 	(a)	 The holder of any Warrants may exercise his right to acquire a number of whole Common Shares less than the
aggregate number that the holder is entitled to acquire. In the event of any exercise of a number of Warrants less than the number that the holder is entitled to exercise, the holder of Warrants upon such exercise shall, in addition, be entitled to
receive, without charge therefor, one or more new Warrant Certificates, bearing the same legend, if applicable, or other appropriate evidence of Warrants, in respect of the balance of the Warrants held by such holder and which were not then
exercised. 

  

	 	(b)	 Notwithstanding anything herein contained including any adjustment provided for in Section 4.1, no
fractional Common Shares will be issuable upon any exercise of any Warrant, and the holder of such Warrant will not be entitled to any cash payment or compensation in lieu of a fractional Common Share. Warrants may only be exercised in a sufficient
number to acquire whole numbers of Common Shares. Any fractional Common Shares shall be rounded down to the nearest whole number. 

  

	3.8	 Expiration of Warrants. 

Immediately after the Expiry Time, all rights under any Warrant in respect of which the right of acquisition provided for herein shall not have been exercised
shall cease and terminate, and each Warrant shall be void and of no further force or effect. 
  

	3.9	 Accounting and Recording. 

 

	 	(a)	 The Warrant Agent shall promptly account to the Corporation with respect to Warrants exercised, and shall
promptly forward to the Corporation (or into an account or accounts of the Corporation with the bank or trust company designated by the Corporation for that purpose), all monies received by the Warrant Agent on the subscription of Common Shares
through the exercise of Warrants. All such monies and any securities or other instruments, from time to time received by the Warrant Agent, shall be received as agent for, and shall be segregated and kept apart by the Warrant Agent, the
Warrantholders and the Corporation as their interests may appear. 

  

	 	(b)	 The Warrant Agent shall record the particulars of Warrants exercised, which particulars shall include the names
and addresses of the persons who become holders of Common Shares on exercise and the Exercise Date, in respect thereof. The Warrant Agent shall provide such particulars in writing to the Corporation and to its registrar and transfer agent for its
Common Shares within five Business Days of any request by the Corporation therefor. 

  
 - 23 - 

	3.10	 Securities Restrictions. 

Notwithstanding anything herein contained, Common Shares will be issued upon exercise of a Warrant only in compliance with the securities laws of any
applicable jurisdiction. 
 ARTICLE 4 

ADJUSTMENT OF NUMBER OF COMMON SHARES AND EXERCISE PRICE 
  

	4.1	 Adjustment of Number of Common Shares and Exercise Price. 

The subscription rights in effect under the Warrants for Common Shares issuable upon the exercise of the Warrants shall be subject to adjustment, from time to
time, as follows: 
  

	 	(a)	 if, at any time during the Adjustment Period, the Corporation shall: 

 

	 	(i)	 subdivide, re-divide or change its outstanding Common Shares into a
greater number of Common Shares; 

  

	 	(ii)	 reduce, combine or consolidate its outstanding Common Shares into a lesser number of Common Shares; or

  

	 	(iii)	 issue Common Shares or securities exchangeable for, or convertible into, Common Shares to all or substantially
all of the holders of Common Shares by way of stock dividend or other distribution (other than a distribution of Common Shares upon the exercise of Warrants or any outstanding options); 

(any of such events in Section 4.1(a)(i), (ii) or (iii) being called a “Common Share Reorganization”), then the
Exercise Price shall be adjusted as of the effective date or record date of such subdivision, re-division, change, reduction, combination, consolidation or distribution, as the case may be, shall in the case
of the events referred to in (i) or (iii) above be decreased in proportion to the number of outstanding Common Shares resulting from such subdivision, re-division, change or distribution, or shall, in the
case of the events referred to in (ii) above, be increased in proportion to the number of outstanding Common Shares resulting from such reduction, combination or consolidation by multiplying the Exercise Price in effect immediately prior to
such effective date or record date by a fraction, the numerator of which shall be the number of Common Shares outstanding on such effective date or record date before giving effect to such Common Share Reorganization and the denominator of which
shall be the number of Common Shares outstanding as of the effective date or record date after giving effect to such Common Shares Reorganization (including, in the case where securities exchangeable for or convertible into Common Shares are
distributed, the number of Common Share that would have been outstanding had such securities been exchanged for or converted into Common Shares on such record date or effective date). Such adjustment shall be made successively whenever any event
referred to in this Section 4.1(a) shall occur. Upon any adjustment of the Exercise Price pursuant to Section 4.1(a), the Exchange Rate shall be contemporaneously adjusted by multiplying the number of Common Shares theretofore obtainable
on the exercise thereof by a fraction, of which the numerator shall be the Exercise Price in effect immediately prior to such adjustment and the denominator shall be the Exercise Price resulting from such adjustment; 

  
 - 24 - 

	 	(b)	 if and whenever, at any time during the Adjustment Period, the Corporation shall fix a record date for the
issuance of rights, options or warrants to all or substantially all the holders of its outstanding Common Shares entitling them, for a period expiring not more than 45 days after such record date, to subscribe for or purchase Common Shares (or
securities convertible or exchangeable into Common Shares) at a price per Common Share (or having a conversion or exchange price per Common Share) less than 95% of the Current Market Price on such record date (a “Rights Offering”),
the Exercise Price shall be adjusted immediately after such record date so that it shall equal the amount determined by multiplying the Exercise Price in effect on such record date by a fraction, of which the numerator shall be the total number of
Common Shares outstanding on such record date plus a number of Common Shares equal to the number arrived at by dividing the aggregate price of the total number of additional Common Shares offered for subscription or purchase (or the aggregate
conversion or exchange price of the convertible or exchangeable securities so offered) by the Current Market Price, and of which the denominator shall be the total number of Common Shares outstanding on such record date plus the total number of
additional Common Shares offered for subscription or purchase or into which the convertible or exchangeable securities so offered are convertible or exchangeable; any Common Shares owned by or held for the account of the Corporation shall be deemed
not to be outstanding for the purpose of any such computation; such adjustment shall be made successively whenever such a record date is fixed; to the extent that no such rights or warrants are exercised prior to the expiration thereof, the Exercise
Price shall be readjusted to the Exercise Price which would then be in effect if such record date had not been fixed or, if any such rights or warrants are exercised, to the Exercise Price which would then be in effect based upon the number of
Common Shares (or securities convertible or exchangeable into Common Shares) actually issued upon the exercise of such rights or warrants, as the case may be. Upon any adjustment of the Exercise Price pursuant to this Section 4.1(b), the
Exchange Rate will be adjusted immediately after such record date so that it will equal the rate determined by multiplying the Exchange Rate in effect on such record date by a fraction, of which the numerator shall be the Exercise Price in effect
immediately prior to such adjustment and the denominator shall be the Exercise Price resulting from such adjustment. Such adjustment will be made successively whenever such a record date is fixed, provided that, if two or more such record dates or
record dates referred to in this Section 4.1(b) are fixed within a period of 25 Trading Days, such adjustment will be made successively as if each of such record dates occurred on the earliest of such record dates; 

 

	 	(c)	 if and whenever at any time during the Adjustment Period the Corporation shall fix a record date for the making
of a distribution to all or substantially all the holders of its outstanding Common Shares of: (i) securities of any class, whether of the Corporation or any other person (other than Common Shares); (ii) rights, options or warrants to subscribe
for or purchase Common Shares (or other securities 

  
 - 25 - 

	 	
convertible into or exchangeable for Common Shares), other than pursuant to a Rights Offering; (iii) evidences of its indebtedness; or (iv) any other property or other assets, then, in
each such case, the Exercise Price shall be adjusted immediately after such record date so that it shall equal the price determined by multiplying the Exercise Price in effect on such record date by a fraction, of which the numerator shall be the
total number of Common Shares outstanding on such record date multiplied by the Current Market Price on such record date, less the excess, if any, of the fair market value on such record date, as determined by the Corporation (whose determination
shall be conclusive), subject to any required stock exchange approval, of such securities or other assets so issued or distributed over the fair market value of any consideration received therefor by the Corporation from the holders of the Common
Shares, and of which the denominator shall be the total number of Common Shares outstanding on such record date multiplied by the Current Market Price; and Common Shares owned by or held for the account of the Corporation shall be deemed not to be
outstanding for the purpose of any such computation; such adjustment shall be made successively whenever such a record date is fixed; to the extent that such distribution is not so made, the Exercise Price shall be readjusted to the Exercise Price
which would then be in effect if such record date had not been fixed. Upon any adjustment of the Exercise Price pursuant to this Section 4.1(c), the Exchange Rate will be adjusted immediately after such record date so that it will equal the
rate determined by multiplying the Exchange Rate in effect on such record date by a fraction, of which the numerator shall be the Exercise Price in effect immediately prior to such adjustment and the denominator shall be the Exercise Price resulting
from such adjustment; 

  

	 	(d)	 if and whenever at any time during the Adjustment Period, there is a reclassification of the Common Shares or a
capital reorganization of the Corporation other than as described in Section 4.1(a) or a consolidation, amalgamation, arrangement or merger of the Corporation with or into any other body corporate, trust, partnership, limited liability company
or other entity, or a sale or conveyance of the property and assets of the Corporation as an entirety or substantially as an entirety to any other body corporate, trust, partnership, limited liability company or other entity, any Warrantholder who
has not exercised its right of acquisition prior to the effective date of such reclassification, capital reorganization, consolidation, amalgamation, arrangement or merger, sale or conveyance, upon the exercise of such right thereafter, shall be
entitled to receive upon payment of the Exercise Price and shall accept, in lieu of the number of Common Shares that prior to such effective date the Warrantholder would have been entitled to receive, the number of shares or other securities or
property of the Corporation or of the body corporate, trust, partnership, limited liability company or other entity resulting from such merger, amalgamation or consolidation, or to which such sale or conveyance may be made, as the case may be, that
such Warrantholder would have been entitled to receive on such reclassification, capital reorganization, consolidation, amalgamation, arrangement or merger, sale or conveyance, if, on the effective date thereof, as the case may be, the Warrantholder
had been the registered holder of the number of Common Shares to which prior to such effective date it was entitled to acquire upon the exercise of the Warrants. If determined appropriate by the Warrant 

  
 - 26 - 

	 	
Agent, relying on advice of Counsel, to give effect to or to evidence the provisions of this Section 4.1(d), the Corporation, its successor, or such purchasing body corporate, partnership,
limited liability company, trust or other entity, as the case may be, shall, prior to or contemporaneously with any such reclassification, capital reorganization, consolidation, amalgamation, arrangement, merger, sale or conveyance, enter into an
indenture which shall provide, to the extent possible, for the application of the provisions set forth in this Indenture with respect to the rights and interests thereafter of the Warrantholders to the end that the provisions set forth in this
Indenture shall thereafter correspondingly be made applicable, as nearly as may reasonably be, with respect to any shares, other securities or property to which a Warrantholder is entitled on the exercise of its acquisition rights thereafter. Any
indenture entered into between the Corporation and the Warrant Agent pursuant to the provisions of this Section 4.1(d) shall be a supplemental indenture entered into pursuant to the provisions of Article 8 hereof. Any indenture entered into
between the Corporation, any successor to the Corporation or such purchasing body corporate, partnership, limited liability company, trust or other entity and the Warrant Agent shall provide for adjustments which shall be as nearly equivalent as may
be practicable to the adjustments provided in this Section 4.1 and which shall apply to successive reclassifications, capital reorganizations, amalgamations, consolidations, mergers, sales or conveyances; 

 

	 	(e)	 in any case in which this Section 4.1 shall require that an adjustment shall become effective immediately
after a record date for an event referred to herein, the Corporation may defer, until the occurrence of such event, issuing to the Warrantholder of any Warrant exercised after the record date and prior to completion of such event the additional
Common Shares issuable by reason of the adjustment required by such event before giving effect to such adjustment; provided, however, that the Corporation shall deliver to such Warrantholder an appropriate instrument evidencing such
Warrantholder’s right to receive such additional Common Shares upon the occurrence of the event requiring such adjustment and the right to receive any distributions made on such additional Common Shares declared in favour of holders of record
of Common Shares on and after the relevant date of exercise or such later date as such Warrantholder would, but for the provisions of this Section 4.1(e), have become the holder of record of such additional Common Shares pursuant to
Section 4.1; 

  

	 	(f)	 in any case in which Section 4.1(a)(iii), Section 4.1(b) or Section 4.1(c) require that an
adjustment be made to the Exercise Price, no such adjustment shall be made if the Warrantholders of the outstanding Warrants receive, subject to any required stock exchange or regulatory approval, the rights or warrants referred to in
Section 4.1(a)(iii), Section 4.1(b) or the shares, rights, options, warrants, evidences of indebtedness or assets referred to in Section 4.1(c), as the case may be, in such kind and number as they would have received if they had been
holders of Common Shares on the applicable record date or effective date, as the case may be, by virtue of their outstanding Warrant having then been exercised into Common Shares at the Exercise Price in effect on the applicable record date or
effective date, as the case may be; 

  
 - 27 - 

	 	(g)	 the adjustments provided for in this Section 4.1 are cumulative, and shall, in the case of adjustments to
the Exercise Price be computed to the nearest whole cent and shall apply to successive subdivisions, re-divisions, reductions, combinations, consolidations, distributions, issues or other events resulting in
any adjustment under the provisions of this Section 4.1, provided that, notwithstanding any other provision of this Section, no adjustment of the Exercise Price shall be required unless such adjustment would require an increase or decrease of
at least 1% in the Exercise Price then in effect and no change in the number of Common Shares issuable upon exercise of the Warrants shall be required unless such adjustment would require adjustment by at least one
one-hundredth of a Common Share, as applicable; provided, however, that any adjustments that, by reason of this Section 4.1(g), are not required to be made shall be carried forward and taken into account
in any subsequent adjustment; and 

  

	 	(h)	 after any adjustment pursuant to this Section 4.1, the term “Common Shares” where used in
this Indenture shall be interpreted to mean securities of any class or classes which, as a result of such adjustment and all prior adjustments pursuant to this Section 4.1, the Warrantholder is entitled to receive upon the exercise of his
Warrant, and the number of Common Shares indicated by any exercise made pursuant to a Warrant shall be interpreted to mean the number of Common Shares or other property or securities a Warrantholder is entitled to receive, as a result of such
adjustment and all prior adjustments pursuant to this Section 4.1, upon the full exercise of a Warrant. 

  

	4.2	 Entitlement to Common Shares on Exercise of Warrant. 

All Common Shares or shares of any class or other securities, which a Warrantholder is at the time in question entitled to receive on the exercise of its
Warrant, whether or not as a result of adjustments made pursuant to this Article 4, shall, for the purposes of the interpretation of this Indenture, be deemed to be Common Shares that such Warrantholder is entitled to acquire pursuant to such
Warrant. 
  

	4.3	 No Adjustment for Certain Transactions. 

Notwithstanding anything in this Article 4, no adjustment shall be made in the acquisition rights attached to the Warrants if the issue of Common Shares is
being made pursuant to this Indenture or in connection with: (a) any share incentive plan or restricted share plan or share purchase plan in force from time to time for directors, officers, employees, consultants or other service providers of
the Corporation; (b) the satisfaction of existing instruments issued at the date hereof; or (c) payment of Dividends in the ordinary course. 
  

	4.4	 Determination by Independent Firm. 

In the event of any question arising with respect to the adjustments provided for in this Article 4, such question shall be conclusively determined by an
independent firm of chartered professional accountants (other than the Auditors), who shall have access to all necessary records of the Corporation, and such determination shall be binding upon the Corporation, the Warrant Agent, all holders and all
other persons interested therein. 

  
 - 28 - 

	4.5	 Proceedings Prior to any Action Requiring Adjustment. 

As a condition precedent to the taking of any action which would require an adjustment in any of the acquisition rights pursuant to any of the Warrants,
including the number of Common Shares which are to be received upon the exercise thereof, the Corporation shall take any action which may, in the opinion of Counsel, be necessary in order that the Corporation has unissued and reserved in its
authorized capital and may validly and legally issue as fully paid and non-assessable all the Common Shares which the holders of such Warrants are entitled to receive on the full exercise thereof in accordance
with the provisions hereof. 
  

	4.6	 Certificate of Adjustment. 

The Corporation shall from time to time immediately after the occurrence of any event which requires an adjustment or readjustment as provided in
Section 4.1, deliver a certificate of the Corporation to the Warrant Agent specifying the nature of the event requiring the same and the amount of the adjustment or readjustment necessitated thereby and setting forth in reasonable detail the
method of calculation and the facts upon which such calculation is based, which certificate shall be supported by a certificate of the Corporation’s Auditors verifying such calculation. The Warrant Agent shall rely, and shall be protected in so
doing, upon the certificate of the Corporation or of the Corporation’s Auditor and any other document filed by the Corporation pursuant to this Article 4 for all purposes. 

 

	4.7	 Notice of Special Matters. 

The Corporation covenants with the Warrant Agent that, so long as any Warrant remains outstanding, it will give notice to the Warrant Agent and to the
Warrantholders of its intention to fix a record date that is prior to the Expiry Date for any matter for which an adjustment may be required pursuant to Section 4.1. Such notice shall specify the particulars of such event and the record date
for such event, provided that the Corporation shall only be required to specify in the notice such particulars of the event as shall have been fixed and determined on the date on which the notice is given. The Corporation shall use its reasonable
commercial efforts to give such notice not less than 14 days prior to such applicable record date. If notice has been given and the adjustment is not then determinable, the Corporation shall promptly, after the adjustment is determinable, file with
the Warrant Agent a computation of the adjustment and give notice to the Warrantholders of such adjustment computation. 
  

	4.8	 No Action after Notice. 

The Corporation covenants with the Warrant Agent that it will not close its transfer books or take any other corporate action which would deprive the
Warrantholder of the opportunity to exercise its right of acquisition pursuant thereto during the period of 14 days after the giving of the certificate or notices set forth in Section 4.6 and Section 4.7. 

 

	4.9	 Other Action. 

If the Corporation, after the date hereof, shall take any action affecting the Common Shares (other than action described in Section 4.1), which in the
reasonable opinion of the directors of the Corporation, would materially affect the rights of Warrantholders, the Exercise Price and/or the Exchange Rate, the number of Common Shares which may be acquired upon exercise of the Warrants shall be
adjusted in such manner and at such time, by action of the directors, acting 

  
 - 29 - 

 
reasonably and in good faith, in their sole discretion, as they may determine to be equitable to the Warrantholders in the circumstances, provided that no such adjustment will be made unless any
requisite prior approval of any stock exchange on which the Common Shares are listed for trading has been obtained. 
  

	4.10	 Protection of Warrant Agent. 

The Warrant Agent shall not: 
  

	 	(a)	 at any time be under any duty or responsibility to any Warrantholder to determine whether any facts exist which
may require any adjustment contemplated by Section 4.1, or with respect to the nature or extent of any such adjustment when made, or with respect to the method employed in making the same; 

 

	 	(b)	 be accountable with respect to the validity or value (or the kind or amount) of any Common Shares or of any
other securities or property which may, at any time, be issued or delivered upon the exercise of the rights attaching to any Warrant; 

  

	 	(c)	 be responsible for any failure of the Corporation to issue, transfer or deliver Common Shares or certificates
for the same upon the surrender of any Warrants for the purpose of the exercise of such rights or to comply with any of the covenants contained in this Article; and 

 

	 	(d)	 incur any liability or be in any way responsible for the consequences of any breach on the part of the
Corporation of any of the representations, warranties or covenants herein contained or of any acts of the directors, officers, employees, agents or servants of the Corporation. 

 

	4.11	 Participation by Warrantholder. 

No adjustments shall be made pursuant to this Article 4 if the Warrantholders are entitled to participate in any event described in this Article 4 on the same
terms, mutatis mutandis, as if the Warrantholders had exercised their Warrants prior to, or on the effective date or record date of, such event. 

ARTICLE 5 
 RIGHTS OF THE
CORPORATION AND COVENANTS 
  

	5.1	 Optional Purchases by the Corporation. 

Subject to compliance with applicable securities legislation and approval of applicable regulatory authorities, if any, the Corporation may, from time to time
purchase, by private contract or otherwise any of the Warrants with the consent of the holders of such Warrants. Any such purchase shall be made at the lowest price or prices at which, in the opinion of the directors, such Warrants are then
obtainable, plus reasonable costs of purchase, and may be made in such manner, from such persons and on such other terms as the Corporation, in its sole discretion, may determine. In the case of Certificated Warrants, Warrant Certificates
representing the Warrants purchased pursuant to this Section 5.1 shall forthwith be delivered to and cancelled by the Warrant Agent and reflected accordingly on the register of Warrants. In the case of Uncertificated Warrants, the Warrants
purchased pursuant to this Section 5.1 shall be reflected accordingly on the register of 

  
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 Warrants and in accordance with procedures prescribed by the Depository under the book entry registration
system or, with respect to Uncertificated Warrants represented by a DRS Advice, reflected on the register of Warrants and in accordance with the procedures of the Warrant Agent for its DRS. No Warrants shall be issued in replacement thereof. 

 

	5.2	 General Covenants. 

The Corporation covenants with the Warrant Agent that, so long as any Warrants remain outstanding: 

 

	 	(a)	 it will reserve and keep available a sufficient number of Common Shares for the purpose of enabling it to
satisfy its obligations to issue Common Shares upon the exercise of the Warrants; 

  

	 	(b)	 it will cause the Common Shares from time to time acquired pursuant to the exercise of the Warrants to be duly
issued and delivered in accordance with the Warrants and the terms hereof; 

  

	 	(c)	 all Common Shares which shall be issued upon exercise of the right to acquire provided for herein shall be
fully paid and non-assessable; 

  

	 	(d)	 it will use reasonable commercial efforts to maintain its existence and carry on its business in the ordinary
course; 

  

	 	(e)	 it will use reasonable commercial efforts to ensure that all Common Shares outstanding or issuable from time to
time (including without limitation the Common Shares issuable on the exercise of the Warrants) continue to be or are listed and posted for trading on the NEO or CSE (or such other stock exchange acceptable to the Corporation), provided that this
clause shall not be construed as limiting or restricting the Corporation from completing a consolidation, amalgamation, arrangement, takeover bid or merger that would result in the Common Shares ceasing to be listed and posted for trading on the NEO
or CSE, so long as the holders of Common Shares receive securities of an entity that is listed on a stock exchange in Canada or the United States, or cash, or the holders of the Common Shares have approved the transaction in accordance with the
requirements of applicable corporate and securities laws and the policies of the NEO, CSE or other stock exchange on which the Common Shares are trading; 

  

	 	(f)	 it will make all requisite filings under applicable Canadian securities legislation including those necessary
to remain a reporting issuer not in default in each of the provinces and other Canadian jurisdictions where it is or becomes a reporting issuer for a period of 24 months after the Effective Date, provided that this clause shall not be construed as
limiting or restricting the Corporation from completing a consolidation, amalgamation, arrangement, takeover bid or merger that would result in the Common Shares ceasing to be listed and posted for trading on the NEO or CSE (or such other Canadian
stock exchange acceptable to the Corporation), so long as the holders of Common Shares receive securities of an entity that is listed on a stock exchange in Canada or the United States, or cash, or the holders of the Common Shares have approved the
transaction in accordance with the requirements of applicable corporate and securities laws and the policies of the NEO, CSE or other Canadian stock exchange on which the Common Shares are trading; 

  
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	 	(g)	 the Corporation will promptly notify the Warrant Agent and the Warrantholders in writing of any default under
the terms of this Warrant Indenture which remains unrectified for more than ten days following its occurrence; 

  

	 	(h)	 the Corporation will generally perform and carry out all of the acts or things to be done by it as provided in
this Warrant Indenture. 

  

	5.3	 Warrant Agent’s Remuneration and Expenses. 

The Corporation covenants that it will pay to the Warrant Agent from time to time reasonable remuneration for its services hereunder and will pay or reimburse
the Warrant Agent upon its request for all reasonable expenses, disbursements and advances incurred or made by the Warrant Agent in the administration or execution of the duties hereby created (including the reasonable compensation and the
disbursements of its Counsel and all other advisers and assistants not regularly in its employ) both before any default hereunder and thereafter until all duties of the Warrant Agent hereunder shall be finally and fully performed. Any amount owing
hereunder and remaining unpaid after 30 days from the invoice date will bear interest at the then current rate charged by the Warrant Agent against unpaid invoices and shall be payable upon demand. This Section shall survive the resignation or
removal of the Warrant Agent and/or the termination of this Indenture. 
  

	5.4	 Performance of Covenants by Warrant Agent. 

If the Corporation fails to perform any of its covenants contained in this Indenture, the Warrant Agent may notify the Warrantholders of such failure on the
part of the Corporation and may itself perform any of the covenants capable of being performed by it but, subject to Section 9.2, shall be under no obligation to perform said covenants or to notify the Warrantholders of such performance by it. All
sums expended or advanced by the Warrant Agent in so doing shall be repayable as provided in Section 5.3. No such performance, expenditure or advance by the Warrant Agent shall relieve the Corporation of any default hereunder or of its continuing
obligations under the covenants herein contained. 
  

	5.5	 Enforceability of Warrants. 

The Corporation covenants and agrees that it is duly authorized to create and issue the Warrants to be issued hereunder and that the Warrants, when issued and
Authenticated as herein provided, will be valid and enforceable against the Corporation in accordance with the provisions hereof and the terms hereof and that, subject to the provisions of this Indenture, the Corporation will cause the Common Shares
from time to time acquired upon exercise of Warrants issued under this Indenture to be duly issued and delivered in accordance with the terms of this Indenture. 

	 	

  
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 ARTICLE 6 

ENFORCEMENT 
  

	6.1	 Suits by Warrantholders. 

All or any of the rights conferred upon any Warrantholder by any of the terms of this Indenture may be enforced by the Warrantholder by appropriate proceedings
but without prejudice to the right which is hereby conferred upon the Warrant Agent to proceed in its own name to enforce each and all of the provisions herein contained for the benefit of the Warrantholders. 

 

	6.2	 Suits by the Corporation. 

The Corporation shall have the right to enforce full payment of the Exercise Price of all Common Shares issued by the Warrant Agent to a Warrantholder
hereunder and shall be entitled to demand such payment from the Warrantholder or alternatively to instruct the Warrant Agent to cancel the share certificates and amend the securities register accordingly. 

 

	6.3	 Immunity of Shareholders, etc. 

The Warrant Agent and the Warrantholders hereby waive and release any right, cause of action or remedy now or hereafter existing in any jurisdiction against
any incorporator or any past, present or future shareholder, trustee, director, officer, employee or agent of the Corporation or any successor entity on any covenant, agreement, representation or warranty by the Corporation herein. 

 

	6.4	 Waiver of Default. 

Upon the happening of any default hereunder: 
  

	 	(a)	 the holders of not less than 51% of the Warrants then outstanding shall have power (in addition to the powers
exercisable by Extraordinary Resolution) by requisition in writing to instruct the Warrant Agent to waive any default hereunder and the Warrant Agent shall thereupon waive the default upon such terms and conditions as shall be prescribed in such
requisition; or 

  

	 	(b)	 the Warrant Agent shall have power to waive any default hereunder upon such terms and conditions as the Warrant
Agent may deem advisable, on the advice of Counsel, if, in the Warrant Agent’s opinion, based on the advice of Counsel, the same shall have been cured or adequate provision made therefor; 

provided that no delay or omission of the Warrant Agent or of the Warrantholders to exercise any right or power accruing upon any default shall impair any
such right or power or shall be construed to be a waiver of any such default or acquiescence therein and provided further that no act or omission either of the Warrant Agent or of the Warrantholders in the premises shall extend to or be taken in any
manner whatsoever to affect any subsequent default hereunder of the rights resulting therefrom. 

  
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 ARTICLE 7 

MEETINGS OF WARRANTHOLDERS 
  

	7.1	 Right to Convene Meetings. 

The Warrant Agent may, at any time and from time to time, and shall on receipt of a written request of the Corporation or of a Warrantholders’ Request and
upon being indemnified and funded to its reasonable satisfaction by the Corporation or by the Warrantholders signing such Warrantholders’ Request against the costs which may be incurred in connection with the calling and holding of such
meeting, convene a meeting of the Warrantholders. If the Warrant Agent fails to so call a meeting within seven days after receipt of such written request of the Corporation or such Warrantholders’ Request and the indemnity and funding given as
aforesaid, the Corporation or such Warrantholders, as the case may be, may convene such meeting. Every such meeting shall be held in the City of Vancouver, British Columbia or at such other place as may be mutually approved or determined by the
Warrant Agent and the Corporation. 
  

	7.2	 Notice. 

At least 21 days’ prior written notice of any meeting of Warrantholders shall be given to the Warrantholders in the manner provided for in
Section 10.2 and a copy of such notice shall be sent by mail to the Warrant Agent (unless the meeting has been called by the Warrant Agent) and to the Corporation (unless the meeting has been called by the Corporation). Such notice shall state
the time when and the place where the meeting is to be held, shall state briefly the general nature of the business to be transacted thereat and shall contain such information as is reasonably necessary to enable the Warrantholders to make a
reasoned decision on the matter, but it shall not be necessary for any such notice to set out the terms of any resolution to be proposed or any of the provisions of this Section 7.2. 

 

	7.3	 Chairman. 

An individual (who need not be a Warrantholder) designated in writing by the Warrant Agent and the Corporation shall be chairman of the meeting and, if no
individual is so designated, or if the individual so designated is not present within fifteen minutes from the time fixed for the holding of the meeting, the Warrantholders present in person or by proxy shall choose an individual present to be
chairman. 
  

	7.4	 Quorum. 

Subject to the provisions of Section 7.11, at any meeting of the Warrantholders a quorum shall consist of Warrantholder(s) present in person or by proxy
holding at least 10% of the aggregate of all the then outstanding Warrants. If a quorum of the Warrantholders shall not be present within thirty minutes from the time fixed for holding any meeting, the meeting, if summoned by Warrantholders or on a
Warrantholders’ Request, shall be dissolved; but in any other case the meeting shall be adjourned to the same day in the next week (unless such day is not a Business Day, in which case it shall be adjourned to the next following Business Day)
at the same time and place and no notice of the adjournment need be given. Any business may be brought before or dealt with at an adjourned meeting which might have been dealt with at the original meeting in accordance with the notice calling the
same. No business shall be transacted at any meeting unless a quorum be present at the commencement of business. At the adjourned meeting the 

  
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Warrantholders present in person or by proxy shall form a quorum and may transact the business for which the meeting was originally convened, notwithstanding that they may not hold at least 10%
of all the then outstanding Warrants. 
  

	7.5	 Power to Adjourn. 

The chairman of any meeting at which a quorum of the Warrantholders is present may, with the consent of the meeting, adjourn any such meeting, and no notice of
such adjournment need be given except such notice, if any, as the meeting may prescribe. 
  

	7.6	 Show of Hands. 

Every question submitted to a meeting shall be decided in the first place by a majority of the votes given on a show of hands, except that votes on an
Extraordinary Resolution shall be given in the manner hereinafter provided. At any such meeting, unless a poll is duly demanded as herein provided, a declaration by the chairman that a resolution has been carried or carried unanimously or by a
particular majority or lost or not carried by a particular majority shall be conclusive evidence of the fact. 
  

	7.7	 Poll and Voting. 

 

	 	(a)	 On every Extraordinary Resolution, and on any other question submitted to a meeting and after a vote by show of
hands when demanded by the chairman or by one or more of the Warrantholders acting in person or by proxy and holding in the aggregate at least 5% of all the Warrants then outstanding, a poll shall be taken in such manner as the chairman shall
direct. Questions other than those required to be determined by Extraordinary Resolution shall be decided by a majority of the votes cast on the poll. 

  

	 	(b)	 On a show of hands, every person who is present and entitled to vote, whether as a Warrantholder or as proxy
for one or more absent Warrantholders, or both, shall have one vote. On a poll, each Warrantholder present in person or represented by a proxy duly appointed by instrument in writing shall be entitled to one vote in respect of each Warrant then held
or represented by it. A proxy need not be a Warrantholder. The chairman of any meeting shall be entitled, both on a show of hands and on a poll, to vote in respect of the Warrants, if any, held or represented by him. 

 

	7.8	 Regulations. 

  

	 	(a)	 The Warrant Agent, or the Corporation with the approval of the Warrant Agent, may from time to time make and
from time to time vary such regulations as it shall think fit for the setting of the record date for a meeting for the purpose of determining Warrantholders entitled to receive notice of and to vote at the meeting. 

 

	 	(b)	 Any regulations so made shall be binding and effective and the votes given in accordance therewith shall be
valid and shall be counted. Save as such regulations may provide, the only persons who shall be recognized at any meeting as a Warrantholder, or be entitled to vote or be present at the meeting in respect thereof (subject to Section 7.9), shall
be Warrantholders or proxies of Warrantholders. 

  
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	7.9	 Corporation and Warrant Agent May be Represented. 

The Corporation and the Warrant Agent, by their respective directors, officers, agents, and employees and the Counsel for the Corporation and for the Warrant
Agent may attend any meeting of the Warrantholders. 
  

	7.10	 Powers Exercisable by Extraordinary Resolution. 

In addition to all other powers conferred upon them by any other provisions of this Indenture or by law, the Warrantholders at a meeting shall, subject to the
provisions of Section 7.11, have the power exercisable from time to time by Extraordinary Resolution: 
  

	 	(a)	 to agree to any modification, abrogation, alteration, compromise or arrangement of the rights of Warrantholders
or the Warrant Agent in its capacity as warrant agent hereunder (subject to the Warrant Agent’s prior consent, acting reasonably) or on behalf of the Warrantholders against the Corporation whether such rights arise under this Indenture or
otherwise; 

  

	 	(b)	 to amend, alter or repeal any Extraordinary Resolution previously passed or sanctioned by the Warrantholders;

  

	 	(c)	 to direct or to authorize the Warrant Agent, subject to Section 9.2(b) hereof, to enforce any of the
covenants on the part of the Corporation contained in this Indenture or to enforce any of the rights of the Warrantholders in any manner specified in such Extraordinary Resolution or to refrain from enforcing any such covenant or right;

  

	 	(d)	 to waive, and to direct the Warrant Agent to waive, any default on the part of the Corporation in complying
with any provisions of this Indenture either unconditionally or upon any conditions specified in such Extraordinary Resolution; 

  

	 	(e)	 to restrain any Warrantholder from taking or instituting any suit, action or proceeding against the Corporation
for the enforcement of any of the covenants on the part of the Corporation in this Indenture or to enforce any of the rights of the Warrantholders; 

  

	 	(f)	 to direct any Warrantholder who, as such, has brought any suit, action or proceeding to stay or to discontinue
or otherwise to deal with the same upon payment of the costs, charges and expenses reasonably and properly incurred by such Warrantholder in connection therewith; 

 

	 	(g)	 to assent to any change in or omission from the provisions contained in this Indenture or any ancillary or
supplemental instrument which may be agreed to by the Corporation, and to authorize the Warrant Agent to concur in and execute any ancillary or supplemental indenture embodying the change or omission; 

 

	 	(h)	 with the consent of the Corporation, such consent not to be unreasonably withheld, to remove the Warrant Agent
or its successor in office and to appoint a new warrant agent or warrant agents to take the place of the Warrant Agent so removed; and 

  
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	 	(i)	 to assent to any compromise or arrangement with any creditor or creditors or any class or classes of creditors,
whether secured or otherwise, and with holders of any shares or other securities of the Corporation. 

  

	7.11	 Meaning of Extraordinary Resolution. 

 

	 	(a)	 The expression “Extraordinary Resolution” when used in this Indenture means, subject as hereinafter
provided in this Section 7.11 and in Section 7.14, a resolution: (i) proposed at a meeting of Warrantholders duly convened for that purpose and held in accordance with the provisions of this Article 7 at which there are present in
person or by proxy Warrantholders holding at least 10% of the aggregate number of then outstanding Warrants and passed by the affirmative votes of Warrantholders holding not less than 66 2/3% of the aggregate number of then outstanding Warrants at
the meeting and voted on the poll upon such resolution; or (ii) in writing signed by the holders of at least 66 2/3% of the then outstanding Warrants on any matter that would otherwise be voted upon at a meeting called to approve such
resolution as contemplated in Section 7.11(a)(i). 

  

	 	(b)	 If, at the meeting at which an Extraordinary Resolution is to be considered, Warrantholders holding at least
10% of the aggregate number of then outstanding Warrants are not present in person or by proxy within 30 minutes after the time appointed for the meeting, then the meeting, if convened by Warrantholders or on a Warrantholders’ Request, shall be
dissolved, but, in any other case, it shall stand adjourned to such day, being not less than 15 or more than 60 days later, and to such place and time as may be appointed by the chairman. Not less than 14 days’ prior notice shall be given of
the time and place of such adjourned meeting in the manner provided for in Section 10.2. Such notice shall state that at the adjourned meeting the Warrantholders present in person or by proxy shall form a quorum but it shall not be necessary to
set forth the purposes for which the meeting was originally called or any other particulars. At the adjourned meeting the Warrantholders present in person or by proxy shall form a quorum and may transact the business for which the meeting was
originally convened, and a resolution proposed at such adjourned meeting and passed by the requisite vote as provided in Section 7.11(a) shall be an Extraordinary Resolution within the meaning of this Indenture, notwithstanding that
Warrantholders holding at least 10% of the aggregate number of then outstanding Warrants are not present in person or by proxy at such adjourned meeting. 

  

	 	(c)	 Subject to Section 7.14, votes on an Extraordinary Resolution shall always be given on a poll, and no
demand for a poll on an Extraordinary Resolution shall be necessary. 

  

	7.12	 Powers Cumulative. 

Any one or more of the powers or any combination of the powers in this Indenture stated to be exercisable by the Warrantholders by Extraordinary Resolution or
otherwise may be exercised from time to time, and the exercise of any one or more of such powers or any combination of powers from time to time shall not be deemed to exhaust the right of the Warrantholders to exercise such power or powers or
combination of powers then or thereafter from time to time. 

  
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	7.13	 Minutes. 

Minutes of all resolutions and proceedings at every meeting of Warrantholders shall be made and duly entered in books to be provided from time to time for that
purpose by the Warrant Agent at the expense of the Corporation, and any such minutes as aforesaid, if signed by the chairman or the secretary of the meeting at which such resolutions were passed or proceedings had shall be prima facie evidence of
the matters therein stated and, until the contrary is proved, every such meeting in respect of the proceedings of which minutes shall have been made shall be deemed to have been duly convened and held, and all resolutions passed thereat or
proceedings taken shall be deemed to have been duly passed and taken. 
  

	7.14	 Instruments in Writing. 

All actions that may be taken and all powers that may be exercised by the Warrantholders at a meeting held as provided in this Article 7 may also be taken
and exercised by Warrantholders holding not less than 66 2/3% of the aggregate number of all of the then outstanding Warrants by an instrument in writing signed in one or more counterparts by such Warrantholders in person or by attorney duly
appointed in writing, and the expression “Extraordinary Resolution” when used in this Indenture shall include an instrument so signed. 
  

	7.15	 Binding Effect of Resolutions. 

Every resolution and every Extraordinary Resolution passed in accordance with the provisions of this Article 7 at a meeting of Warrantholders shall be binding
upon all the Warrantholders, whether present at or absent from such meeting, and every instrument in writing signed by Warrantholders in accordance with Section 7.14 shall be binding upon all the Warrantholders, whether signatories thereto or
not, and each and every Warrantholder and the Warrant Agent (subject to the provisions for indemnity herein contained) shall be bound to give effect accordingly to every such resolution and instrument in writing. 

 

	7.16	 Holdings by Corporation Disregarded. 

In determining whether Warrantholders holding Warrants evidencing the required number of Warrants are present at a meeting of Warrantholders for the purpose of
determining a quorum or have concurred in any consent, waiver, Extraordinary Resolution, Warrantholders’ Request or other action under this Indenture, Warrants owned legally or beneficially by the Corporation shall be disregarded in accordance
with the provisions of Section 10.7. 
 ARTICLE 8 

SUPPLEMENTAL INDENTURES 
  

	8.1	 Provision for Supplemental Indentures for Certain Purposes. 

From time to time, the Corporation (when authorized by action of the directors) and the Warrant Agent may, subject to NEO and CSE approval (if required) and
the provisions hereof, and they shall, when so directed in accordance with the provisions hereof, execute and deliver by their 

  
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proper officers, indentures or instruments supplemental hereto, which thereafter shall form part hereof, for any one or more or all of the following purposes: 

 

	 	(a)	 setting forth any adjustments resulting from the application of the provisions of Article 4;

  

	 	(b)	 adding to the provisions hereof such additional covenants and enforcement provisions as, in the opinion of
Counsel, are necessary or advisable in the premises, provided that the same are not in the opinion of the Warrant Agent, relying on the advice of Counsel, prejudicial to the interests of the Warrantholders; 

 

	 	(c)	 giving effect to any Extraordinary Resolution passed as provided in Section 7.11; 

 

	 	(d)	 making such provisions not inconsistent with this Indenture as may be necessary or desirable with respect to
matters or questions arising hereunder or for the purpose of obtaining a listing or quotation of the Warrants on any stock exchange, provided that such provisions are not, in the opinion of the Warrant Agent, relying on the advice of Counsel,
prejudicial to the interests of the Warrantholders; 

  

	 	(e)	 adding to or altering the provisions hereof in respect of the transfer of Warrants, making provision for the
exchange of Warrants, and making any modification in the form of the Warrant Certificates which does not affect the substance thereof; 

  

	 	(f)	 modifying any of the provisions of this Indenture, including relieving the Corporation from any of the
obligations, conditions or restrictions herein contained, provided that such modification or relief shall be or become operative or effective only if, in the opinion of the Warrant Agent, relying on the advice of Counsel, such modification or relief
in no way prejudices any of the rights of the Warrantholders or of the Warrant Agent, and provided further that the Warrant Agent may in its sole discretion decline to enter into any such supplemental indenture which in its opinion may not afford
adequate protection to the Warrant Agent when the same shall become operative; 

  

	 	(g)	 providing for the issuance of additional Warrants hereunder, including Warrants in excess of the number set out
in Section 2.1 and any consequential amendments hereto as may be required by the Warrant Agent relying on the advice of Counsel; and 

  

	 	(h)	 for any other purpose not inconsistent with the terms of this Indenture, including the correction or
rectification of any ambiguities, defective or inconsistent provisions, errors, mistakes or omissions herein, provided that in the opinion of the Warrant Agent, relying on the advice of Counsel, the rights of the Warrant Agent and of the
Warrantholders are in no way prejudiced thereby. 

  

	8.2	 Successor Entities. 

In the case of the consolidation, amalgamation, arrangement, merger or transfer of the undertaking or assets of the Corporation as an entirety or substantially
as an entirety to or with another entity (“successor entity”), the successor entity resulting from such consolidation, amalgamation, arrangement, merger or transfer (if not the Corporation) shall expressly assume, by supplemental
indenture satisfactory in form to the Warrant Agent acting reasonably and executed and delivered to the Warrant Agent, the due and punctual performance and observance of each and every covenant and condition of this Indenture to be performed and
observed by the Corporation. 

  
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 ARTICLE 9 

CONCERNING THE WARRANT AGENT 
  

	9.1	 Indenture Legislation. 

 

	 	(a)	 If and to the extent that any provision of this Indenture limits, qualifies or conflicts with a mandatory
requirement of Applicable Legislation, such mandatory requirement shall prevail. 

  

	 	(b)	 The Corporation and the Warrant Agent agree that each will, at all times in relation to this Indenture and any
action to be taken hereunder, observe and comply with and be entitled to the benefits of Applicable Legislation. 

  

	9.2	 Rights and Duties of Warrant Agent. 

 

	 	(a)	 In the exercise of the rights and duties prescribed or conferred by the terms of this Indenture, the Warrant
Agent shall act honestly and in good faith and exercise that degree of care, diligence and skill that a reasonably prudent warrant agent would exercise in comparable circumstances. No provision of this Indenture shall be construed to relieve the
Warrant Agent from liability for its own grossly negligent action, willful misconduct, bad faith or fraud. 

  

	 	(b)	 The obligation of the Warrant Agent to commence or continue any act, action or proceeding for the purpose of
enforcing any rights of the Warrant Agent or the Warrantholders hereunder shall be conditional upon the Warrantholders furnishing, when required by notice by the Warrant Agent, sufficient funds to commence or to continue such act, action or
proceeding and an indemnity reasonably satisfactory to the Warrant Agent to protect and to hold harmless the Warrant Agent and its officers, directors, employees and agents, against the costs, charges and expenses and liabilities to be incurred
thereby and any loss and damage it may suffer by reason thereof. None of the provisions contained in this Indenture shall require the Warrant Agent to expend or to risk its own funds or otherwise to incur financial liability in the performance of
any of its duties or in the exercise of any of its rights or powers unless indemnified and funded as aforesaid. 

  

	 	(c)	 The Warrant Agent may, before commencing or at any time during the continuance of any such act, action or
proceeding, require the Warrantholders, at whose instance it is acting to deposit with the Warrant Agent the Warrant Certificates held by them, for which Warrants the Warrant Agent shall issue receipts. 

 

	 	(d)	 Every provision of this Indenture that, by its terms, relieves the Warrant Agent of liability or entitles it to
rely upon any evidence submitted to it is subject to the provisions of Applicable Legislation. 

  

	9.3	 Evidence, Experts and Advisers. 

 

	 	(a)	 In addition to the reports, certificates, opinions and other evidence required by this Indenture, the
Corporation shall furnish to the Warrant Agent such additional evidence of compliance with any provision hereof, and in such form, as may be prescribed by Applicable Legislation or as the Warrant Agent may reasonably require by written notice to the
Corporation. 

  
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	 	(b)	 In the exercise of its rights and duties hereunder, the Warrant Agent may, if it is acting in good faith, rely
as to the truth of the statements and the accuracy of the opinions expressed in statutory declarations, opinions, reports, written requests, consents, or orders of the Corporation, certificates of the Corporation or other evidence furnished to the
Warrant Agent pursuant to a request of the Warrant Agent, provided that such evidence complies with Applicable Legislation and that the Warrant Agent complies with Applicable Legislation and that the Warrant Agent examines the same and determines
that such evidence complies with the applicable requirements of this Indenture. 

  

	 	(c)	 Whenever it is provided in this Indenture or under Applicable Legislation that the Corporation shall deposit
with the Warrant Agent resolutions, certificates, reports, opinions, requests, orders or other documents, it is intended that the truth, accuracy and good faith on the effective date thereof and the facts and opinions stated in all such documents so
deposited shall, in each and every such case, be conditions precedent to the right of the Corporation to have the Warrant Agent take the action to be based thereon. 

 

	 	(d)	 The Warrant Agent may employ or retain such Counsel, accountants, appraisers or other experts or advisers as it
may reasonably require for the purpose of discharging its duties hereunder and may pay reasonable remuneration for all services so performed by any of them, without taxation of costs of any Counsel, and shall not be responsible for any misconduct or
gross negligence on the part of any such experts or advisers who have been appointed with due care by the Warrant Agent. 

  

	 	(e)	 The Warrant Agent may act and rely and shall be protected in acting and relying in good faith on the opinion or
advice of or information obtained from any Counsel, accountant, appraiser, engineer or other expert or adviser, whether retained or employed by the Corporation or by the Warrant Agent, in relation to any matter arising in the administration of the
agency hereof. 

  

	9.4	 Documents, Monies, etc. Held by Warrant Agent. 

 

	 	(a)	 Any monies, securities, documents of title or other instruments that may at any time be held by the Warrant
Agent shall be placed in the deposit vaults of the Warrant Agent or of any Canadian chartered bank listed in Schedule I of the Bank Act (Canada), or deposited for safekeeping with any such bank. Any monies held pending the application or
withdrawal thereof under any provisions of this Indenture, shall be held, invested and reinvested in “Permitted Investments” as directed in writing by the Corporation. “Permitted Investments” shall be treasury bills guaranteed by
the Government of Canada having a term to maturity not to exceed ninety (90) days, or term deposits or bankers’ acceptances of a Canadian chartered bank having a term to maturity not to exceed ninety (90) days, or such other
investments that is in accordance with the Warrant Agent’s standard type of investments. Unless otherwise specifically provided herein, all interest or other income received by the Warrant Agent in respect of such deposits and investments shall
belong to the Corporation. 

  
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	 	(b)	 Any written direction for the investment or release of funds received shall be received by the Warrant Agent by
9:00 a.m. (Vancouver Time) on the Business Day on which such investment or release is to be made, failing which such direction will be handled on a commercially reasonable efforts basis and may result in funds being invested or released on the next
Business Day. 

  

	 	(c)	 The Warrant Agent shall have no responsibility or liability for any diminution of any funds resulting from any
investment made in accordance with this Indenture, including any losses on any investment liquidated prior to maturity in order to make a payment required hereunder. 

 

	 	(d)	 In the event that the Warrant Agent does not receive a direction or only a partial direction, the Warrant Agent
may hold cash balances constituting part or all of such monies and may, but need not, invest same in its deposit department, the deposit department of one of its affiliates, or the deposit department of a Canadian chartered bank; but the Warrant
Agent, its affiliates or a Canadian chartered bank shall not be liable to account for any profit to any parties to this Indenture or to any other person or entity. 

 

	9.5	 Actions by Warrant Agent to Protect Interest. 

The Warrant Agent shall have power to institute and to maintain such actions and proceedings as it may consider necessary or expedient to preserve, protect or
enforce its interests and the interests of the Warrantholders. 
  

	9.6	 Warrant Agent Not Required to Give Security. 

The Warrant Agent shall not be required to give any bond or security in respect of the execution of the agency and powers of this Indenture or otherwise in
respect of the premises. 
  

	9.7	 Protection of Warrant Agent. 

By way of supplement to the provisions of any law for the time being relating to the Warrant Agent, it is expressly declared and agreed as follows: 

 

	 	(a)	 the Warrant Agent shall not be liable for or by reason of any statements of fact or recitals in this Indenture
or in the Warrant Certificates (except the representation contained in Section 9.9 or in the Authentication of the Warrant Agent on the Warrant Certificates) or be required to verify the same, but all such statements or recitals are and shall
be deemed to be made by the Corporation; 

  

	 	(b)	 nothing herein contained shall impose any obligation on the Warrant Agent to see to or to require evidence of
the registration or filing (or renewal thereof) of this Indenture or any instrument ancillary or supplemental hereto; 

  

	 	(c)	 the Warrant Agent shall not be bound to give notice to any person or persons of the execution hereof;

  
 - 42 - 

	 	(d)	 the Warrant Agent shall not incur any liability or responsibility whatever or be in any way responsible for the
consequence of any breach on the part of the Corporation of any of its covenants herein contained or of any acts of any directors, officers, employees, agents or servants of the Corporation; 

 

	 	(e)	 the Corporation hereby indemnifies and agrees to hold harmless the Warrant Agent, its affiliates, their
officers, directors, employees, agents, successors and assigns (the “Indemnified Parties”) from and against any and all liabilities whatsoever, losses, damages, penalties, claims, demands, actions, suits, proceedings, costs,
charges, assessments, judgments, expenses and disbursements, including reasonable legal fees and disbursements of whatever kind and nature which may at any time be imposed on or incurred by or asserted against the Indemnified Parties, or any of
them, whether at law or in equity, in any way caused by or arising, directly or indirectly, in respect of any act, deed, matter or thing whatsoever made, done, acquiesced in or omitted in or about or in relation to the execution of the Indemnified
Parties’ duties, or any other services that Warrant Agent may provide in connection with or in any way relating to this Indenture. The Corporation agrees that its liability hereunder shall be absolute and unconditional regardless of the
correctness of any representations of any third parties and regardless of any liability of third parties to the Indemnified Parties, and shall accrue and become enforceable without prior demand or any other precedent action or proceeding; provided
that, notwithstanding any other provision of this Indenture, the Corporation shall not be required to hold harmless or indemnify the Indemnified Parties in the event of the gross negligence, bad faith, willful misconduct or fraud of the Warrant
Agent or any Indemnified Party, and this provision shall survive the resignation or removal of the Warrant Agent or the termination or discharge of this Indenture; and 

 

	 	(f)	 notwithstanding the foregoing or any other provision of this Indenture, any liability of the Warrant Agent,
other than arising as a result of the gross negligence, bad faith, willful misconduct or fraud of the Warrant Agent, shall be limited, in the aggregate, to the amount of annual retainer fees paid by the Corporation to the Warrant Agent under this
Indenture in the twelve (12) months immediately prior to the Warrant Agent receiving the first notice of the claim. Notwithstanding any other provision of this Indenture, and whether such losses or damages are foreseeable or unforeseeable, the
Warrant Agent shall not be liable under any circumstances whatsoever for any (a) breach by any other party of securities law or other rule of any securities regulatory authority, (b) lost profits or (c) special, indirect, incidental,
consequential, exemplary, aggravated or punitive losses or damages. 

  

	9.8	 Replacement of Warrant Agent; Successor by Merger. 

 

	 	(a)	 The Warrant Agent may resign its agency and be discharged from all further duties and liabilities hereunder,
subject to this Section 9.8, by giving to the Corporation not less than 60 days’ prior notice in writing or such shorter prior notice as the Corporation may accept as sufficient. The Warrantholders by Extraordinary Resolution shall have
power at any time to remove the existing Warrant Agent and to appoint a new warrant agent. In the event of the Warrant Agent resigning or being removed as aforesaid or being dissolved, becoming bankrupt, going into 

  
 - 43 - 

	 	
liquidation or otherwise becoming incapable of acting hereunder, the Corporation shall forthwith appoint a new warrant agent unless a new warrant agent has already been appointed by the
Warrantholders; failing such appointment by the Corporation, the retiring Warrant Agent or any Warrantholder may apply to a judge of the Province of British Columbia on such notice as such judge may direct, for the appointment of a new warrant
agent; but any new warrant agent so appointed by the Corporation or by the Court shall be subject to removal as aforesaid by the Warrantholders. Any new warrant agent appointed under any provision of this Section 9.8 shall be an entity
authorized to carry on the business of a trust company in the Province of British Columbia and, if required by the Applicable Legislation for any other provinces, in such other provinces. On any such appointment the new warrant agent shall be vested
with the same powers, rights, duties and responsibilities as if it had been originally named herein as Warrant Agent hereunder. 

  

	 	(b)	 Upon the appointment of a successor warrant agent, the Corporation shall promptly notify the Warrantholders
thereof in the manner provided for in Section 10.2. 

  

	 	(c)	 Any Warrant Certificates Authenticated but not delivered by a predecessor Warrant Agent may be Authenticated by
the successor Warrant Agent in the name of the predecessor or successor Warrant Agent. 

  

	 	(d)	 Any corporation into which the Warrant Agent may be merged or consolidated or amalgamated or to which all or
substantially all of its business is sold, or any corporation resulting therefrom to which the Warrant Agent shall be a party, or any corporation succeeding to substantially the corporate trust business of the Warrant Agent shall be the successor to
the Warrant Agent hereunder without any further act on its part or any of the parties hereto, provided that such corporation would be eligible for appointment as successor Warrant Agent under Section 9.8(a). 

 

	9.9	 Conflict of Interest 

The Warrant Agent represents to the Corporation that at the time of execution and delivery hereof no material conflict of interest exists between its role as a
warrant agent hereunder and its role in any other capacity and agrees that in the event of a material conflict of interest arising hereafter it will, within 60 days after ascertaining that it has such material conflict of interest, either eliminate
the same or assign its agency hereunder to a successor Warrant Agent approved by the Corporation and meeting the requirements set forth in Section 9.8(a)). Notwithstanding the foregoing provisions of this Section 9.9, if any such material
conflict of interest exists or hereafter shall exist, the validity and enforceability of this Indenture and the Warrant Certificate shall not be affected in any manner whatsoever by reason thereof. 

 

	9.10	 Acceptance of Agency 

The Warrant Agent hereby accepts the agency in this Indenture declared and provided for and agrees to perform the same upon the terms and conditions herein set
forth. 

  
 - 44 - 

	9.11	 Warrant Agent Not to be Appointed Receiver. 

The Warrant Agent and any person related to the Warrant Agent shall not be appointed a receiver, a receiver and manager or liquidator of all or any part of the
assets or undertaking of the Corporation. 
  

	9.12	 Authorization to Carry on Business 

The Warrant Agent represents to the Corporation that as at the date of the execution and delivery of this Indenture, it is duly authorized and qualified to
carry on the business of a trust company in the Province of British Columbia. 
  

	9.13	 Warrant Agent Not Required to Give Notice of Default. 

The Warrant Agent shall not be bound to give any notice or do or take any act, action or proceeding by virtue of the powers conferred on it hereby unless and
until it shall have been required so to do under the terms hereof; nor shall the Warrant Agent be required to take notice of any default hereunder, unless and until notified in writing of such default, which notice shall distinctly specify the
default desired to be brought to the attention of the Warrant Agent and in the absence of any such notice the Warrant Agent may for all purposes of this Indenture conclusively assume that no default has been made in the observance or performance of
any of the representations, warranties, covenants, agreements or conditions contained herein. Any such notice shall in no way limit any discretion herein given to the Warrant Agent to determine whether or not the Warrant Agent shall take action with
respect to any default. 
  

	9.14	 Anti-Money Laundering. 

 

	 	(a)	 Each party to this Agreement (other than the Warrant Agent) hereby represents to the Warrant Agent that any
account to be opened by, or interest to be held by, the Warrant Agent in connection with this Agreement, for or to the credit of such party, either: (i) is not intended to be used by or on behalf of any third party; or (ii) is intended to
be used by or on behalf of a third party, in which case such party hereto agrees to complete and execute forthwith a declaration in the Warrant Agent’s prescribed form as to the particulars of such third party. 

 

	 	(b)	 The Warrant Agent shall retain the right not to act and shall not be liable for refusing to act if, due to a
lack of information or for any other reason whatsoever, the Warrant Agent, in its sole judgment, determines that such act might cause it to be in non-compliance with any applicable anti-money laundering,
anti-terrorist or economic sanctions legislation, regulation or guideline. Further, should the Warrant Agent, in its sole judgment, determine at any time that its acting under this Agreement has resulted in its being in non-compliance with any applicable anti- money laundering, anti-terrorist or economic sanctions legislation, regulation or guideline, then it shall have the right to resign on ten (10) days written notice to
the other parties to this Agreement, provided: (i) that the Warrant Agent’s written notice shall describe the circumstances of such non-compliance; and (ii) that if such circumstances are
rectified to the Warrant Agent’s satisfaction within such ten (10) day period, then such resignation shall not be effective. 

  
 - 45 - 

	9.15	 Compliance with Privacy Code. 

The parties acknowledge that the Warrant Agent may, in the course of providing services hereunder, collect or receive financial and other personal information
about such parties and/or their representatives, as individuals, or about other individuals related to the subject matter hereof, and use such information for the following purposes: 

 

	 	(a)	 to provide the services required under this Indenture and other services that may be requested from time to
time; 

  

	 	(b)	 to help the Warrant Agent manage its servicing relationships with such individuals; 

 

	 	(c)	 to meet the Warrant Agent’s legal and regulatory requirements; and 

 

	 	(d)	 if Social Insurance Numbers are collected by the Warrant Agent, to perform tax reporting and to assist in
verification of an individual’s identity for security purposes. 

 Each party acknowledges and agrees that the Warrant Agent may
receive, collect, use and disclose personal information provided to it or acquired by it in the course of this Indenture for the purposes described above and, generally, in the manner and on the terms described in its Privacy Code, which the Warrant
Agent shall make available on its website or upon request, including revisions thereto. The Warrant Agent may transfer personal information to other companies in or outside of Canada that provide data processing and storage or other support in order
to facilitate the services it provides. 
 Further, each party agrees that it shall not provide or cause to be provided to the Warrant Agent any personal
information relating to an individual who is not a party to this Indenture unless that party has assured itself that such individual understands and has consented to the aforementioned uses and disclosures. 

 

	9.16	 Securities Exchange Commission Certification. 

The Corporation confirms that as at the date hereof it does not have a class of securities registered pursuant to Section 12 of the U.S. Exchange Act or a
reporting obligation pursuant to Section 15(d) of the U.S. Exchange Act. 
 The Corporation covenants that in the event that (i) any class of its
securities shall become registered pursuant to Section 12 of the U.S. Exchange Act, (ii) the Corporation shall incur a reporting obligation pursuant to Section 15(d) of the U.S. Exchange Act, or (iii) any such registration or
reporting obligation shall be terminated by the Corporation in accordance with the U.S. Exchange Act, the Corporation shall promptly deliver to the Warrant Agent an officers’ certificate notifying the Warrant Agent of such registration,
reporting obligation or termination, and such other information as the Warrant Agent may reasonably require at the time. The Corporation acknowledges that the Warrant Agent is relying upon the foregoing representation and covenants in order to meet
certain obligations of the Warrant Agent with respect to those clients of the Warrant Agent that are required to file reports with the SEC under the U.S. Exchange Act. 

  
 - 46 - 

 ARTICLE 10 

GENERAL 
  

	10.1	 Notice to the Corporation and the Warrant Agent. 

 

	 	(a)	 Unless herein otherwise expressly provided, any notice to be given hereunder to the Corporation or the Warrant
Agent shall be deemed to be validly given if delivered, sent by registered letter, postage prepaid or if emailed: 

  

	 	(i)	 If to the Corporation: 

Columbia Care Inc. 
 680 Fifth
Avenue, 24th Floor 
 New York, NY 10019 USA 

Attention:    Mary-Alice Miller, Chief Risk Officer 

Email:          mmiller@col-care.com 

 

	 	(ii)	 If to the Warrant Agent: 

Odyssey Trust Company 
 323
– 409 Granville Street 
 Vancouver, British Columbia V6C 1T2 

Attention:    Corporate Trust 

Email:          corptrust@odysseytrust.com 

and any such notice delivered in accordance with the foregoing shall be deemed to have been received and given on the date of delivery or, if
mailed, on the fifth Business Day following the date of mailing such notice or, if transmitted by electronic means, on the next Business Day following the date of transmission. 

 

	 	(b)	 The Corporation or the Warrant Agent, as the case may be, may, from time to time, notify the other in the
manner provided in Section 10.1(a) of a change of address which, from the effective date of such notice and until changed by like notice, shall be the address of the Corporation or the Warrant Agent, as the case may be, for all purposes of this
Indenture. 

  

	 	(c)	 If, by reason of a strike, lockout or other work stoppage, actual or threatened, involving postal employees,
any notice to be given to the Warrant Agent or to the Corporation hereunder could reasonably be considered unlikely to reach its destination, such notice shall be valid and effective only if it is delivered to the named officer of the party to which
it is addressed, as provided in Section 10.1(a), or given by email or other means of prepaid, transmitted and recorded communication. 

  

	10.2	 Notice to Warrantholders. 

 

	 	(a)	 Unless otherwise provided herein, notice to the Warrantholders under the provisions of this Indenture shall be
valid and effective if delivered or sent by ordinary prepaid post addressed to such holders at their post office addresses 

  
 - 47 - 

	 	
appearing on the register hereinbefore mentioned and shall be deemed to have been effectively received and given on the date of delivery or, if mailed, on the third Business Day following the
date of mailing such notice. In the event that Warrants are held in the name of the Depository, a copy of such notice shall also be sent by electronic communication to the Depository and shall be deemed received and given on the day it is so sent.

  

	 	(b)	 If, by reason of a strike, lockout or other work stoppage, actual or threatened, involving postal employees,
any notice to be given to the Warrantholders hereunder could reasonably be considered unlikely to reach its destination, such notice shall be valid and effective only if it is delivered to such Warrantholders to the address for such Warrantholders
contained in the register maintained by the Warrant Agent or such notice may be given, at the Corporation’s expense, by means of publication in the Globe and Mail, National Edition, or any other English language daily newspaper or newspapers of
general circulation in Canada, in each two successive weeks, the first such notice to be published within 5 Business Days of such event, and any so notice published shall be deemed to have been received and given on the latest date the publication
takes place. 

  

	 	(c)	 Accidental error or omission in giving notice or accidental failure to mail notice to any Warrantholder will
not invalidate any action or proceeding founded thereon. 

  

	10.3	 Ownership of Warrants. 

The Corporation and the Warrant Agent may deem and treat the Warrantholders as the absolute owner thereof for all purposes, and the Corporation and the Warrant
Agent shall not be affected by any notice or knowledge to the contrary, except where the Corporation or the Warrant Agent is required to take notice by statute or by order of a court of competent jurisdiction. The receipt of any such Warrantholder
of the Common Shares which may be acquired pursuant thereto shall be a good discharge to the Corporation and the Warrant Agent for the same and neither the Corporation nor the Warrant Agent shall be bound to inquire into the title of any such holder
except where the Corporation or the Warrant Agent is required to take notice by statute or by order of a court of competent jurisdiction. 
  

	10.4	 Counterparts and Electronic Means. 

This Indenture may be executed in several counterparts, each of which when so executed shall be deemed to be an original, and such counterparts together shall
constitute one and the same instrument and, notwithstanding their date of execution, they shall be deemed to be dated as of the date hereof. Delivery of an executed copy of this Indenture by facsimile, electronic transmission or other means of
electronic communication capable of producing a printed copy will be deemed to be execution and delivery of this Indenture as of the date hereof. 
  

	10.5	 Satisfaction and Discharge of Indenture. 

Upon the earlier of: 
  

	 	(a)	 the date by which there shall have been delivered to the Warrant Agent for exercise or cancellation all
Warrants theretofore Authenticated hereunder, in the case of Certificated Warrants (or such other instructions, in a form satisfactory to the Warrant Agent) or, in the case of Uncertificated Warrants, by way of standard processing through the book
entry only system in the case of a CDS Global Warrant; and 

  
 - 48 - 

	 	(b)	 the Expiry Time; 

and if all certificates or other entry on the register representing Common Shares required to be issued in compliance with the provisions hereof have been
issued and delivered hereunder or to the Warrant Agent in accordance with such provisions, this Indenture shall cease to be of further effect, and the Warrant Agent, on demand of and at the cost and expense of the Corporation and upon delivery to
the Warrant Agent of a certificate of the Corporation stating that all conditions precedent to the satisfaction and discharge of this Indenture have been complied with, shall execute proper instruments acknowledging satisfaction of and discharging
this Indenture. Notwithstanding the foregoing, the indemnities provided to the Warrant Agent by the Corporation hereunder shall remain in full force and effect and survive the termination of this Indenture. 

 

	10.6	 Provisions of Indenture and Warrants for the Sole Benefit of Parties and Warrantholders.

 Nothing in this Indenture or in the Warrants, expressed or implied, shall give or be construed to give to any person, other than the
parties hereto and the Warrantholders, as the case may be, any legal or equitable right, remedy or claim under this Indenture, or under any covenant or provision herein or therein contained, all such covenants and provisions being for the sole
benefit of the parties hereto and the Warrantholders. 
  

	10.7	 Warrants Owned by the Corporation - Certificate to be Provided. 

For the purpose of disregarding any Warrants owned legally or beneficially by the Corporation in Section 7.16, the Corporation shall provide to the
Warrant Agent, from time to time, a certificate of the Corporation setting forth as at the date of such certificate: 
  

	 	(a)	 the names (other than the name of the Corporation) of the Warrantholders which, to the knowledge of the
Corporation, are owned by or held for the account of the Corporation; and 

  

	 	(b)	 the number of Warrants owned legally or beneficially by the Corporation; 

and the Warrant Agent, in making the computations in Section 7.16, shall be entitled to rely on such certificate without any additional evidence. 

 

	10.8	 Severability 

If, in any jurisdiction, any provision of this Indenture or its application to any party or circumstance is restricted, prohibited or unenforceable, such
provision will, as to such jurisdiction, be ineffective only to the extent of such restriction, prohibition or unenforceability without (a) invalidating the remaining provisions of this Indenture, (b) affecting the validity or
enforceability of such provision in any other jurisdiction or (c) affecting its application to other parties or circumstances. 

  
 - 49 - 

	10.9	 Force Majeure 

No party shall be liable to the other, or held in breach of this Indenture, if prevented, hindered, or delayed in the performance or observance of any
provision contained herein by reason of act of God, riots, terrorism, acts of war, epidemics, governmental action or judicial order, earthquakes, or any other similar causes (including, but not limited to, mechanical, electronic or communication
interruptions, disruptions or failures). Performance times under this Indenture shall be extended for a period of time equivalent to the time lost because of any delay that is excusable under this Section. 

 

	10.10	 Assignment, Successors and Assigns 

Neither of the parties hereto may assign its rights or interest under this Indenture, except as provided in (a) Section 9.8 in the case of the
Warrant Agent or (b) Section 8.2 in the case of the Corporation. Subject thereto, this Indenture shall enure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. 

 

	10.11	 Rights of Rescission and Withdrawal for Holders 

Should a holder of Warrants exercise any legal, statutory, contractual or other right of withdrawal or rescission that may be available to it, and the
holder’s funds which were paid on exercise have already been released to the Corporation by the Warrant Agent, the Warrant Agent shall not be responsible for ensuring the exercise is cancelled and a refund is paid back to the holder. In such
cases, the holder shall seek a refund directly from the Corporation and subsequently, the Corporation, upon surrender to the Corporation or the Warrant Agent of any underlying shares that may have been issued, or such other procedure as agreed to by
the parties hereto, shall instruct the Warrant Agent in writing, to cancel the exercise transaction and any such underlying shares on the register, which may have already been issued upon the Warrant exercise. In the event that any payment is
received from the Corporation by virtue of the holder being a shareholder for such Warrants that were subsequently rescinded, such payment must be returned to the Corporation by such holder. The Warrant Agent shall not be under any duty or
obligation to take any steps to ensure or enforce that the funds are returned pursuant to this section, nor shall the Warrant Agent be in any other way responsible in the event that any payment is not delivered or received pursuant to this section.
Notwithstanding the foregoing, in the event that the Corporation provides the refund to the Warrant Agent for distribution to the holder, the Warrant Agent shall return such funds to the holder as soon as reasonably practicable, and, in so doing,
the Warrant Agent shall incur no liability with respect to the delivery or non-delivery of any such funds. 

[Signature Page Follows] 

  
 - 50 - 

 IN WITNESS WHEREOF the parties hereto have executed this Indenture under the hands of their proper
officers in that behalf as of the date first written above. 
  

					
	COLUMBIA CARE INC.
		
	By:	 	 /s/ Nicholas Vita

		 	Name:	 	Nicholas Vita
		 	Title:	 	Chief Executive Officer
		
	By:	 	 /s/ Michael Abbott

		 	Name:	 	Michael Abbott
		 	Title:	 	Executive Chairman
	
	ODYSSEY TRUST COMPANY
		
	By:	 	 
		 	Name:	 	Dan Sander
		 	Title:	 	VP, Corporate Trust
		
	By:	 	 
		 	Name:	 	Amy Douglas
		 	Title:	 	Director, Corporate Trust

  
 Signature Page to
Warrant Indenture 

 IN WITNESS WHEREOF the parties hereto have executed this Indenture under the hands of their proper
officers in that behalf as of the date first written above. 
  

					
	COLUMBIA CARE INC.
		
	By:	 	 
		 	Name:	 	Nicholas Vita
		 	Title:	 	Chief Executive Officer
		
	By:	 	 
		 	Name:	 	Michael Abbott
		 	Title:	 	Executive Chairman
	
	ODYSSEY TRUST COMPANY
		
	By:	 	 /s/ Dan Sander

		 	Name:	 	Dan Sander
		 	Title:	 	VP, Corporate Trust
		
	By:	 	 /s/ Amy Douglas

		 	Name:	 	Amy Douglas
		 	Title:	 	Director, Corporate Trust

  
 Signature Page to
Warrant Indenture 

 SCHEDULE “A” 

FORM OF WARRANT 
 THE WARRANTS EVIDENCED
HEREBY ARE EXERCISABLE ON OR BEFORE 5:00 P.M. (VANCOUVER TIME) ON MAY 14, 2023 AFTER WHICH TIME THE WARRANTS EVIDENCED HEREBY SHALL BE DEEMED TO BE VOID AND OF NO FURTHER FORCE OR EFFECT. 

For all Warrants issued outside the United States and to Original U.S. Warrantholders that are Qualified Institutional Buyers and registered in the name of
the Depository, also include the following legend: 
 (INSERT IF BEING ISSUED TO CDS) UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF CDS CLEARING AND DEPOSITORY SERVICES INC. (“CDS”) TO COLUMBIA CARE INC. (THE “ISSUER”) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IN
RESPECT THEREOF IS REGISTERED IN THE NAME OF CDS & CO., OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF CDS (AND ANY PAYMENT IS MADE TO CDS & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF CDS), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED HOLDER HEREOF, CDS & CO., HAS A PROPERTY INTEREST IN THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HEREIN, AND IT IS A VIOLATION OF ITS RIGHTS FOR ANOTHER PERSON TO HOLD, TRANSFER OR DEAL WITH THIS CERTIFICATE. 
 For Warrants originally issued for the
benefit or account of a U.S. Warrantholder (other than an Original U.S. Warrantholder that is a Qualified Institutional Buyer), and each Warrant Certificate issued in exchange therefor or in substitution thereof, also include the following legends:

 THE SECURITIES REPRESENTED HEREBY AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE HOLDER HEREOF, BY ACQUIRING SUCH SECURITIES, AGREES, FOR THE BENEFIT OF COLUMBIA CARE INC. (THE
“CORPORATION”), THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED, DIRECTLY OR INDIRECTLY, ONLY: (A) TO THE CORPORATION; (B) OUTSIDE THE UNITED STATES IN COMPLIANCE WITH RULE 904 OF REGULATION S
UNDER THE U.S. SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE LOCAL LAWS AND REGULATIONS; (C) IN COMPLIANCE WITH (1) RULE 144A UNDER THE U.S. SECURITIES ACT, IF AVAILABLE, OR (2) RULE 144 UNDER THE U.S. SECURITIES ACT, IF AVAILABLE,
AND, IN EACH CASE, IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS; OR (D) IN ANOTHER TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE U.S. SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAWS, PROVIDED THAT IN THE CASE OF
TRANSFERS PURSUANT TO (C)(2) OR (D) ABOVE, A LEGAL OPINION FROM COUNSEL OF RECOGNIZED STANDING IN FORM AND 

  
 A-1 

 SUBSTANCE REASONABLY SATISFACTORY TO THE CORPORATION MUST FIRST BE PROVIDED. DELIVERY OF THIS CERTIFICATE
MAY NOT CONSTITUTE “GOOD DELIVERY” IN SETTLEMENT OF TRANSACTIONS ON STOCK EXCHANGES IN CANADA. 
 WARRANT 

To acquire Common Shares of 

COLUMBIA CARE INC. 

(existing under the laws of the Province of British Columbia) 
  

			
	Warrant Certificate No.                     	  	Certificate for                      Warrants, each entitling the holder to acquire one (1) Common Share (subject to
adjustment as provided for in the Warrant Indenture (as defined below)
		
		  	CUSIP ● [CAD] / ● [US]
		
		  	ISIN ● [CAD] / ● [US]

 THIS IS TO CERTIFY THAT, for value received, 
  

 
 (the “Warrantholder”) is the
registered holder of the number of common share purchase warrants (the “Warrants”) of Columbia Care Inc. (the “Corporation”) specified above and is entitled, on exercise of these Warrants upon and subject to the
terms and conditions set forth herein and in the Warrant Indenture, to purchase at any time before 5:00 p.m. (Vancouver Time) (the “Expiry Time”) on May 14, 2023 (the “Expiry Date”) one fully paid and non-assessable common share without par value in the capital of the Corporation as constituted on the date hereof (a “Common Share”) for each Warrant, subject to adjustment in accordance with the
terms of the Warrant Indenture. 
 The right to purchase Common Shares may only be exercised by the Warrantholder within the time set forth above by: 

 

	 	(a)	 duly completing and executing the exercise form (the “Exercise Form”) attached hereto; and

  

	 	(b)	 surrendering this warrant certificate (the “Warrant Certificate”), with the Exercise Form, to
the Warrant Agent at the principal office of the Warrant Agent, in the city of Vancouver, British Columbia, together with a certified cheque, bank draft or money order in the lawful money of Canada payable to or to the order of the Corporation in an
amount equal to the purchase price of the Common Shares so subscribed for. 

  
 A-2 

 The surrender of this Warrant Certificate, the duly completed Exercise Form and payment as provided above
will be deemed to have been effected only on personal delivery thereof to, or if sent by mail or other means of transmission on actual receipt thereof by, the Warrant Agent at its principal office as set out above. 

Subject to adjustment thereof in the events and in the manner set forth in the Warrant Indenture hereinafter referred to, the exercise price payable for each
Common Share upon the exercise of Warrants shall be CDN$5.84 per Common Share (the “Exercise Price”). 
 Certificates for the Common Shares
subscribed for will be mailed to the persons specified in the Exercise Form at their respective addresses specified therein or, if so specified in the Exercise Form, delivered to such persons at the office where this Warrant Certificate is
surrendered. If fewer Common Shares are purchased than the number that can be purchased pursuant to this Warrant Certificate, the holder hereof will be entitled to receive without charge a new Warrant Certificate in respect of the balance of the
Common Shares not so purchased. No fractional Common Shares will be issued upon exercise of any Warrant and no cash or other consideration will be paid in lieu of fractional Common Shares. 

This Warrant Certificate evidences Warrants of the Corporation issued or issuable under the provisions of a warrant indenture (which indenture together with
all other instruments supplemental or ancillary thereto is herein referred to as the “Warrant Indenture”) dated as of October 29, 2020 between the Corporation and Odyssey Trust Company, as Warrant Agent, to which Warrant
Indenture reference is hereby made for particulars of the rights of the holders of Warrants, the Corporation and the Warrant Agent in respect thereof and the terms and conditions on which the Warrants are issued and held, all to the same effect as
if the provisions of the Warrant Indenture were herein set forth, to all of which the holder, by acceptance hereof, assents. The Corporation will furnish to the holder, on request and without charge, a copy of the Warrant Indenture. 

On presentation at the principal office of the Warrant Agent as set out above, subject to the provisions of the Warrant Indenture and on compliance with the
reasonable requirements of the Warrant Agent, one or more Warrant Certificates may be exchanged for one or more Warrant Certificates representing the same number of Warrants as represented by the Warrant Certificate(s) so exchanged. 

Neither the Warrants nor the Common Shares issuable upon exercise hereof have been or will be registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”), or the securities laws of any state of the United States. The Warrants may not be exercised by a person in the United States, a U.S. Person, a person exercising the Warrants for the account or
benefit of a U.S. Person or a person in the United States, or a person requesting delivery in the United States of the Common Shares issuable upon such exercise unless (i) this Warrant and such Common Shares have been registered under the U.S.
Securities Act and the applicable laws of any such state, or (ii) an exemption or exclusion from such registration requirements is available and the requirements set forth in the Exercise Form have been satisfied. Certificates representing
Common Shares issued to, or for the account or benefit of, persons in the United States or U.S. Persons may bear a legend restricting the transfer and exercise of such securities under applicable United States federal and state securities laws.
“United States” and “U.S. Person” are as defined in Regulation S under the U.S. Securities Act. 

  
 A-3 

 The Warrant Indenture contains provisions for the adjustment of the Exercise Price payable for each Common
Share upon the exercise of Warrants and the number of Common Shares issuable upon the exercise of Warrants in the events and in the manner set forth therein. 

The Warrant Indenture also contains provisions making binding on all holders of Warrants outstanding thereunder resolutions passed at meetings of holders of
Warrants held in accordance with the provisions of the Warrant Indenture and instruments in writing signed by Warrantholders of Warrants entitled to purchase a specific majority of the Common Shares that can be purchased pursuant to such Warrants.

 Nothing contained in this Warrant Certificate, the Warrant Indenture or elsewhere shall be construed as conferring upon the holder hereof any right or
interest whatsoever as a holder of Common Shares or any other right or interest except as herein and in the Warrant Indenture expressly provided. In the event of any discrepancy between anything contained in this Warrant Certificate and the terms
and conditions of the Warrant Indenture, the terms and conditions of the Warrant Indenture shall govern. 
 Warrants may only be transferred in compliance
with the conditions of the Warrant Indenture on the register to be kept by the Warrant Agent in Vancouver, British Columbia, or such other registrar as the Corporation, with the approval of the Warrant Agent, may appoint at such other place or
places, if any, as may be designated, upon surrender of this Warrant Certificate to the Warrant Agent or other registrar accompanied by a written instrument of transfer in form and execution satisfactory to the Warrant Agent or other registrar and
upon compliance with the conditions prescribed in the Warrant Indenture and with such reasonable requirements as the Warrant Agent or other registrar may prescribe and upon the transfer being duly noted thereon by the Warrant Agent or other
registrar. Time is of the essence hereof. 
 This Warrant Certificate will not be valid for any purpose until it has been countersigned by or on behalf of
the Warrant Agent from time to time under the Warrant Indenture. 
 The parties hereto have declared that they have required that these presents and all
other documents related hereto be in the English language. Les parties aux présentes déclarent qu’elles ont exigé que la présente convention, de même que tous les documents s’y rapportant, soient
rédigés en anglais. 
 [Signature Page Follows] 

  
 A-4 

 IN WITNESS WHEREOF the Corporation has caused this Warrant Certificate to be duly executed as of
            , 20        . 
  

			
	COLUMBIA CARE INC.
		
	By:	 	
                     
                   

		 	  Authorized Signatory

  

			
	Countersigned by:
	
	ODYSSEY TRUST COMPANY
		
	By:	 	
                     
                   

		 	  Authorized Signatory

  
 A-5 

 FORM OF TRANSFER 

ANY TRANSFER OF WARRANTS WILL REQUIRE COMPLIANCE WITH APPLICABLE SECURITIES LEGISLATION. TRANSFERORS AND TRANSFEREES ARE URGED TO CONTACT LEGAL COUNSEL BEFORE
EFFECTING ANY SUCH TRANSFER 
 To:     Odyssey Trust Company 

FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers to 
  

 
  

 
 (print name and address) the Warrants of Columbia
Care Inc. represented by this Warrant Certificate or DRS Advice and hereby irrevocable constitutes and appoints as its attorney with full power of substitution to transfer the said securities on the appropriate register of the Warrant Agent. 

In the case of a warrant certificate that contains a U.S. restrictive legend, the undersigned hereby represents, warrants and certifies that (one (only) of
the following must be checked): 
  

			
	☐	  	(A)     the transfer is being made to the Corporation;
		
	☐	  	(B)     the transfer is being made outside the United States in compliance with Rule 904 of Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and in
compliance with any applicable local laws and regulations and the holder has provided herewith the Declaration for Removal of Legend attached as Schedule “C” to the Warrant Indenture, or
		
	☐	  	(C)     the transfer is being made in accordance with a transaction that does not require registration under the U.S. Securities Act or any applicable state securities laws and the undersigned has furnished to
the Corporation and the Warrant Agent an opinion of counsel of recognized standing or other evidence in form and substance reasonably satisfactory to the Corporation to such effect.

 In the case of a Warrant Certificate that does not contain a U.S. restrictive legend, if the proposed transfer is to, or
for the account or benefit of a U.S. Person or to a person in the United States, the undersigned hereby represents, warrants and certifies that the transfer of the Warrants is being completed pursuant to an exemption from the registration
requirements of the U.S. Securities Act and any applicable state securities laws, in which case the undersigned has furnished to the Corporation and the Warrant Agent an opinion of counsel of recognized standing in form and substance reasonably
satisfactory to the Corporation to such effect. 
  

	☐	 If transfer is to a person in the United States or a U.S. Person, check this box. 

  
 A-6 

 In the case of a transfer within the United States or to, or for the account or benefit of, a U.S. Person or
to a person in the United States, the certificates representing the Warrants will be endorsed with a U.S. restrictive legend. 
 DATED this
         day of             , 20    . 

 

							
	SPACE FOR GUARANTEES OF	 	)	 		 	
	SIGNATURES (BELOW)	 	)	 		 	
		 	)	 		 	  

		 	)	 		 	  Signature of Transferor
		 	)	 		 	
	  
	 	)	 		 	  

	Guarantor’s Signature/Stamp	 		 		 	  Name of Transferor

 REASON FOR TRANSFER – For US Citizens or Residents only (where the individual(s) or corporation receiving the
securities is a US citizen or resident). Please select only one (see instructions below). 
  

							
	☐   Gift	  	☐   Estate	  	☐   Private Sale	  	☐   Other (or no change in ownership)

  

							
	Date of Event (Date of gift, death or sale):	 		  	 Value per Warrant on the date of event:

				
	

	 		  	

	 	 ☐                ☐

 
 CAD OR   USD

 CERTAIN REQUIREMENTS RELATING TO TRANSFERS – READ CAREFULLY 

The signature(s) of the transferor(s) must correspond with the name(s) as written upon the face of this certificate(s), in every particular, without alteration
or enlargement, or any change whatsoever. All securityholders or a legally authorized representative must sign this form. The signature(s) on this form must be guaranteed in accordance with the transfer agent’s then-current guidelines and
requirements at the time of transfer. Notarized or witnessed signatures are not acceptable as guaranteed signatures. As at the time of closing, you may choose one of the following methods (although subject to change in accordance with industry
practice and standards): 
  

	•	 	 Canada and the USA: A Medallion Signature Guarantee obtained from a member of an acceptable Medallion
Signature Guarantee Program (STAMP, SEMP, NYSE, MSP). Many commercial banks, savings banks, credit unions, and all broker dealers participate in a Medallion Signature Guarantee Program. The Guarantor must affix a stamp bearing the actual words
“Medallion Guaranteed”, with the correct prefix covering the face value of the certificate. 

  

	•	 	 Canada: A Medallion Signature Guarantee with the correct prefix covering the face value of the
certificate. 

  
 A-7 

	•	 	 Outside North America: For holders located outside North America, present the certificates(s) and/or
document(s) that require a guarantee to a local financial institution that has a corresponding Canadian or American affiliate which is a member of an acceptable Medallion Signature Guarantee Program. The corresponding affiliate will arrange for the
signature to be over-guaranteed. 

 OR 

The signature(s) of the transferor(s) must correspond with the name(s) as written upon the face of this certificate(s), in every particular, without
alteration or enlargement, or any change whatsoever. The signature(s) on this form must be guaranteed by a member of an acceptable Medallion Signature Guarantee Program (STAMP, SEMP, NYSE, MSP). Notarized or witnessed signatures are not acceptable
as guaranteed signatures. The Guarantor must affix a stamp bearing the actual words: “SIGNATURE GUARANTEED”, “MEDALLION GUARANTEED” OR “SIGNATURE & AUTHORITY TO SIGN GUARANTEE”, all in accordance with the
transfer agent’s then current guidelines and requirements at the time of transfer. For corporate holders, corporate signing resolutions, including certificate of incumbency, will also be required to accompany the transfer with a “MEDALLION
GUARANTEED” Stamp affixed to the Form of Transfer, with the correct prefix covering the face value of the certificate. 
 REASON FOR TRANSFER
– FOR US CITIZENS OR RESIDENTS ONLY 
 Consistent with U.S. IRS regulations, Odyssey Trust Company is required to request cost basis information
from U.S. securityholders. Please indicate the reason for requesting the transfer as well as the date of event relating to the reason. The event date is not the day in which the transfer is finalized but, rather, the date of the event which led to
the transfer request (i.e. date of gift, date of death of the securityholder, or the date the private sale took place). 

  
 A-8 

 SCHEDULE “B” 

EXERCISE FORM 
  

			
	TO:	  	Columbia Care Inc. (the “Corporation”)
		  	680 Fifth Avenue, 24th Floor
		  	New York, NY 10019 USA
		
	AND TO:	  	Odyssey Trust Company (the “Warrant Agent”)
		  	323 – 409 Granville Street
		  	Vancouver, British Columbia V6C 1T2

 The undersigned holder of the Warrants evidenced by this Warrant Certificate or DRS Advice hereby exercises the right to
acquire                      (A) Common Shares of Columbia Care Inc. 

 

			
	Exercise Price Payable:	 	
                     
                   

		 	                ((A) multiplied by $5.84, subject to adjustment)

 The undersigned hereby exercises the right of such holder to be issued, and hereby subscribes for, Common Shares that are
issuable pursuant to the exercise of such Warrants on the terms specified in such Warrant Certificate and in the Warrant Indenture. 
 The undersigned
hereby acknowledges that the undersigned is aware that the Common Shares received on exercise may be subject to restrictions on resale under applicable securities legislation. 

Any capitalized term in this Warrant Certificate that is not otherwise defined herein, shall have the meaning ascribed thereto in the Warrant Indenture.

 The undersigned represents, warrants and certifies as follows (one (only) of the following must be checked): 

 

			
	☐	  	 (A)  the undersigned holder at the time of exercise of the Warrants (i) is not in
the United States, (ii) is not a U.S. Person, (iii) is not exercising the Warrants on behalf of, or for the account or benefit of, a U.S. Person or a person in the United States, (iv) did not acquire the Warrants in the United States
or on behalf of, or for the account or benefit of, a U.S. Person or a person in the United States; (v) did not receive an offer to exercise the Warrants in the United States; (vi) did not execute or deliver this exercise form in the United
States; (vii) is not requesting delivery in the United States of the Warrant Shares issuable upon such exercise; and (viii) represents and warrants that the exercise of the Warrants and acquisition of the Warrant Shares occurred in an
“offshore transaction” (as defined under Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”)); OR

		
	☐	  	 (B)  the undersigned holder is (i) an Original U.S. Warrantholder, (ii) is
exercising the Warrants for its own account or for the account of a disclosed principal that was named in the subscription agreement executed and delivered in connection with its purchase of the Units pursuant to

  
 B-1 

			
		  	     which the Units were originally issued and of which the Warrants
originally comprised a part, (iii) is, and such disclosed principal, if any, is, an Accredited Investor at the time of exercise of these Warrants, and (iv) confirms the representations and warranties of the holder made in the subscription
agreement executed and delivered in connection with its purchase of the Units pursuant to which the Units were originally issued and of which the Warrants originally comprised a part remain true and correct as of the date of exercise of these
Warrants; OR

		
	☐	  	 (C)  the undersigned holder

		
		  	 (i)  is (1) in the United States, (2) a U.S. Person, (3) a person
exercising the Warrants for the account or benefit of a U.S. Person or a person in the United States, or (4) requesting delivery in the United States of the Warrant Shares issuable upon such exercise, and

		
		  	 (ii)  has an exemption from the registration requirements of the U.S. Securities Act
and all applicable state securities laws available for the exercise of the Warrants and the issuance of the Warrant Shares and has delivered to the Corporation and the Warrant Agent a written opinion of U.S. counsel, in form and substance reasonably
satisfactory to the Corporation, or such other evidence reasonably satisfactory to the Corporation, to that effect.

 It is understood that the Corporation and the Warrant Agent may require evidence to verify the foregoing
representations. 
 The undersigned holder understands that unless Box A above is checked, the certificate representing the Common Shares may be issued in
definitive physical certificated form and bear a legend restricting transfer without registration under the U.S. Securities Act and applicable state securities laws unless an exemption from registration is available (as described in the Warrant
Indenture and the subscription documents). If Box C above is checked, holders are encouraged to consult with the Corporation in advance to determine that the legal opinion or other evidence tendered in connection with the exercise will be
satisfactory in form and substance to the Corporation. “U.S. Person” and “United States” are as defined in Regulation S under the U.S. Securities Act. 

The undersigned hereby acknowledges that the undersigned is aware that the Common Shares received on exercise may be subject to restrictions on resale under
applicable securities legislation. The undersigned hereby further acknowledges that the Corporation will rely upon the confirmations, acknowledgements and agreements set forth herein, and agrees to notify the Corporation promptly in writing if any
of the representations or warranties herein ceases to be accurate or complete. 

  
 B-2 

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

					
	 Name(s) in Full and Social

Insurance Number(s)
 (if
applicable)
	 	Address(es)	 	 Number of Common

Shares

	  
	 	  
	 	  

	  
	 	  
	 	  

	  
	 	  
	 	  

	  
	 	  
	 	  

	  
	 	  
	 	  

 Please print full name in which certificates representing the Common Shares are to be issued. If any Common Shares are to be
issued to a person or persons other than the registered holder, the registered holder must pay to the Warrant Agent all eligible transfer taxes or other government charges, if any, and the Form of Transfer must be duly executed. 

Once completed and executed, this Exercise Form must be mailed or delivered to Odyssey Trust Company, 323 – 409 Granville Street, Vancouver, British
Columbia V6C 1T2, Attention: Corporate Trust. 
 DATED this          day of
            , 20    . 
  

					
		 	)	 	
	  
	 	)	 	  

	Witness	 	)	 	Signature of Warrantholder, to be the same
		 	)	 	as appears on the face of this Warrant
		 	)	 	Certificate
		 	)	 	
		 	)	 	  

		 		 	Name of Warrantholder

 ☐     Please check if the certificates representing the Common Shares are to be delivered at the
office where this Warrant Certificate is surrendered, failing which such certificates will be mailed to the address set out above. Certificates will be delivered or mailed as soon as practicable after the surrender of this Warrant Certificate to the
Warrant Agent. 

  
 B-3 

 SCHEDULE “C” 

FORM OF DECLARATION FOR REMOVAL OF LEGEND 

TO: ODYSSEY TRUST COMPANY as registrar and transfer agent for the [Warrants / Common Shares issuable upon exercise of the Warrants] of Columbia Care Inc. (the
“Corporation”) 
 AND TO:         THE CORPORATION 

The undersigned (A) acknowledges that the sale of
                     he “Securities”) of the Corporation, to which this declaration relates is being made in reliance on Rule
904 of Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and (B) certifies that: (1) the undersigned is not an “affiliate” (as that term is defined in Rule 405
under the U.S. Securities Act) of the Corporation; (2) the offer of such Securities was not made to a person in the United States and either (a) at the time the buy order was originated, the buyer was outside the United States, or the
seller and any person acting on its behalf reasonably believed that the buyer was outside the United States, or (b) the transaction was executed on or through the facilities of the Toronto Stock Exchange, the TSX Venture Exchange, the Canadian
Securities Exchange or another “designated offshore securities market”, and neither the seller nor any person acting on its behalf knows that the transaction has been prearranged with a buyer in the United States; (3) none of the
seller, any affiliate of the seller or any person acting on their behalf has engaged or will engage in any “directed selling efforts” in the United States in connection with the offer and sale of such securities; (4) the sale is bona
fide and not for the purpose of “washing off” the resale restrictions imposed because the Securities are “restricted securities” (as that term is defined in Rule 144(a)(3) under the U.S. Securities Act); (5) the seller does not
intend to replace such Securities with fungible unrestricted securities; and (6) the contemplated sale is not a transaction, or part of a series of transactions, which, although in technical compliance with Regulation S under the U.S.
Securities Act, is part of a plan or scheme to evade the registration provisions of the U.S. Securities Act. Terms used herein have the meanings given to them by Regulation S under the U.S. Securities Act. 

DATED this          day of             ,
20    . 
  

	
	 X

	Signature of individual (if Seller is an individual)
	
	 X

	Authorized signatory (if Seller is not an individual)
	
	  

	Name of Seller (please print) 
	
	  

	Name of authorized signatory (please print) 
	
	  

	Official capacity of authorized signatory (please print)EX-10.2

 Exhibit 10.2 

Execution Final 

LEASE AGREEMENT 

DATED AS OF APRIL 30TH,
2015 
 BY AND BETWEEN 

EASTMAN KODAK COMPANY, 

LANDLORD 

AND 

COLUMBIA CARE NY, LLC, 

TENANT 
  

 

PREMISES: 

PORTION OF EASTMAN BUSINESS PARK BUILDING,
EAST SECTION (EBP-E), 
 BUILDING 12,
FOURTH FLOOR 
 ROCHESTER, NEW YORK 

 LEASE AGREEMENT 

THIS LEASE AGREEMENT, dated as of April
30th, 2015 (this “Lease” or this “Agreement”), is entered into by and between EASTMAN KODAK COMPANY, a New Jersey
corporation (“Landlord”), and COLUMBIA CARE NY, LLC, a New York limited liability company (“Tenant”). 

 

	1.	 PREMISES. 

(a)    Definition of Premises. Landlord hereby leases unto Tenant and Tenant hereby accepts from Landlord,
approximately 58,346 usable square feet of space (the “Premises”) located on the fourth floor of that certain building known as Building 12 (the “Building”), located at the manufacturing plant known as Eastman Business Park
(“EBP”), in the City of Rochester, County of Monroe, and the State of New York. Floor plans showing the location of the Premises in the Building are attached hereto as EXHIBIT A and made a
part hereof. A map showing the location of the Building is attached hereto as EXHIBIT B and made a part hereof. The Premises shall also include the right to use in common with other occupants of the
Building access and delivery areas designated by Landlord from time to time as reasonably required for the use of the Premises, cafeteria areas (if any) and other common areas appurtenant to the Building (including the loading docks) (collectively,
the “Common Areas”), subject to reasonable rules and regulations imposed by Landlord. 
 (b)    Option for
Expansion of Premises. 
 (i)    Defined. Landlord hereby grants Tenant the right (“Expansion
Rights”) to lease additional space located on the third, fifth, and/or sixth floor of Building. Floor plans showing the location of such additional space on the third, fifth, and sixth floors are attached hereto as
EXHIBIT C. The additional space subject to Tenant’s Expansion Rights on the third floor of the Building is approximately 58,389 usable square feet of space and on the fifth floor of Building is
approximately 58,005 usable square feet of space. The additional space subject to Tenant’s Expansion Rights on the sixth floor of Building is approximately 33,576 usable square feet of space. 

(ii)    First Year Expansion Rights. For a period of one (1) year following the Rent Commencement Date
(hereinafter defined), Tenant’s Expansion Rights shall be exclusive and Landlord shall not lease the third, fifth, or sixth floors of Building to any party but Tenant during this period. Tenant may exercise such Expansion Rights by written
notice to Landlord not less than sixty (60) days prior to the date of Tenant’s planned occupancy. Such written notice must specify the additional space it plans to occupy and such exercise may be in increments of 50% of the total usable
square feet of each of said third, fifth, or sixth floors. Base Rent and Additional Rent for the additional space subject to Tenant’s Expansion Rights shall be at the then-current Rent (including Base Rent and Additional Rent as hereinafter
defined) in effect pursuant to the terms of this Lease on the date of Tenant’s exercise of its Expansion Rights. 

(iii)    Later Expansion Rights. At the expiration of one (1) year from the date of Rent Commencement,
Landlord hereby grants Tenant the first right of refusal, on a continuing basis, to lease the additional space located on the third, fifth, or sixth floor of Building. Landlord shall provide Tenant with notification (by overnight delivery to Tenant)
of the interest of a prospective tenant in leasing any of such additional space. Tenant shall have ten (10) business days from the date of receipt to exercise its first right of refusal as to such additional space upon the
then-

  
 1 

 
current terms contained in this Lease by written notice delivered to Landlord within such ten (10) business day time period and Landlord and Tenant shall thereafter arrange the execution of
an amendment to this Lease within thirty (30) days thereafter. 
 (iv)    Term Relating to Expansion Rights.
In the event Tenant exercises its Expansion Rights (whether such rights are exercised in the one year period following the Rent Commencement Date or by Tenant’s first right of refusal thereafter) with less than three years remaining in Lease
Term, Tenant hereby agrees it shall extend the Lease Term for the Premises so that there are a minimum of five (5) years remaining in said Lease Term from the date of Tenant’s exercise of its Expansion Rights. Upon Tenant’s exercise
of its Expansion Rights herein, whether such rights are exercised in the one year period following the Rent Commencement Date or by Tenant’s first right of refusal, the additional space which Tenant exercises its Expansion Rights for, shall
become a part of the definition of Premises above. 
 (c)    Condition of Premises. Within thirty (30) days
after the satisfaction of the contingency set forth in Section 2(b) below, Landlord shall first make any improvements to the space to make it legally rentable in accordance with the required building codes, such improvements being at the sole
cost and responsibility of Landlord, and thereafter Tenant accepts the Premises, and any additional space subject to Tenant’s Expansion Rights, in “as-is” condition. Tenant’s taking
possession of the Premises shall be conclusive evidence against Tenant that the Premises were in good order and satisfactory condition when Tenant took possession. Landlord shall provide Tenant with reasonable opportunity to inspect the Premises
prior to taking possession. No promises of Landlord to alter, remodel, repair or improve the Premises or the Building and, other than those expressly set forth herein, no representations respecting the condition of the Premises or the Building have
been made by Landlord to Tenant. In addition, Tenant acknowledges that the City of Rochester may require approval of and/or changes to fire code access and compliance with the Americans with Disabilities Act (and other laws) and that any such
approvals and/or changes shall be the sole responsibility of Tenant and Tenant acknowledges that all uses must be fully compliant with current building codes for this section of EBP, and as such, this Lease is subject to a use review with City of
Rochester Planning Board. Any Alterations (as hereinafter defined) desired by Tenant must comply with all provisions of this Lease including, but not limited to, the provisions of Paragraph 11 (d) herein. 

 

	2.	 TERM. 

(a)    Lease Term. The initial term of this Lease (the “Lease Term”) shall commence on the first day of
the month following the date Tenant receives all Tenant’s Approvals (defined below) (the “Commencement Date”) and continue for a period of seven (7) years and four (4) months, subject to Tenant’s right to terminate this
Lease prior to the Commencement Date (described in Section 2[b][i] below), and shall end on the earlier of (i) midnight on the date after seven (7) years and four (4) months or (ii) the earlier termination or cancellation of
this Lease in accordance with the terms hereof (the “Expiration Date”). 
 (b)    Contingency. This
Lease and the obligations of each party hereunder are expressly contingent upon Tenant’s receipt of all necessary licenses, permits, or other approvals (hereinafter, “Tenant’s Approvals”) from the State of New York, the City of
Rochester, the County of Monroe, or any other governmental, quasi-governmental, or any other authority authorizing Tenant to operate as a “registered organization” organized for the purpose of acquiring, processing,

  
 2 

 
manufacturing, selling, delivering, transporting, distributing or dispensing medical marihuana in accordance with the requirements of title 5-A of article
33 of the Public Health Law of the State of New York. If at any time prior to January 1, 2016, Tenant determines in good faith that it will not receive Tenant’s Approvals or Tenant is denied the receipt of Tenant’s Approvals, Tenant
shall notify Landlord of same and either party may terminate this Lease by written notice given to the other. Tenant agrees to use its commercially reasonable efforts to apply for and diligently pursue Tenant’s Approvals and to notify Landlord
within five (5) days after all Tenant’s Approvals have been awarded or otherwise given or denied to Tenant. At Tenant’s option, Tenant may extend its termination rights pursuant to this Section 2(b) by an additional three month
period subsequent to January 1, 2016. Tenant may exercise this three month extension by written notice to Landlord on or before December 1, 2015. Upon exercise of the three month extension, Tenant may exercise its termination rights
pursuant to this section at any time prior to April 1, 2016. Tenant shall pay Landlord the amount of $5,000 on the first day of each month of the extension period. 

(c)    Early Termination Right. 

(i)    By Tenant After the Commencement Date. Tenant shall have right to terminate this Lease after the Commencement
Date, provided that Tenant shall not be in default under this Lease at the time of the giving of such notice of termination. In order to exercise this right of termination, Tenant must: (A) provide Landlord with thirty (30) days’
prior written notice of its exercise of this termination right; (B) deliver written evidence reasonably satisfactory to Landlord of Tenant’s loss of any of Tenant’s Approvals (and/or the loss of any other required future governmental
approval for the uses for which the Premises is then being occupied and operated); and (C) pay to Landlord a termination fee (the “Termination Fee”) as hereinafter set forth. The Termination Fee shall be the sum of: (1) one
month’s then current Base Rent; plus (2) one month of Additional Rent (which for this purpose shall be equal the actual Additional Rent payable by Tenant for Utility Services Charges (pursuant to
EXHIBIT D for the month immediately prior to the termination) plus one month of the Security Services Fee (as hereinafter defined) plus one month of CAM Fee (as
hereinafter defined); plus (3) all unamortized real estate commissions; plus (4) all unamortized other expenses incurred by Landlord in connection with the negotiation and execution of this Lease
(including attorneys’ fees), which unamortized amounts shall be determined by Landlord using a discount rate equal to six percent (6.0%). The Termination Fee shall be computed by Landlord within ten (10) business days after Tenant provides
the 30 day notice referenced in Section 2(c)(i)(A) above and such computation shall be provided to Tenant by overnight delivery. Within five (5) business days of Tenant’s receipt of the Termination Fee computation, Tenant, upon
written request, shall have the right to access and/or obtain copies of any and all reasonable documentation or other reasonable evidence which provides the basis for the amounts Landlord has included in the Termination Fee computation. If Tenant
fails to make such request within such five (5) business days, Tenant shall lose its rights to access said documentation. The Termination Fee shall be paid by Tenant on or before the expiration of thirty (30) days of the date of
Tenant’s termination notice provided pursuant to Section 2(c)(i)(A). . Failure to pay the Termination Fee at the time set forth herein shall constitute a default and shall nullify Tenant’s right to terminate this Lease pursuant to the
provisions of this Section 2(c)(i). 
 (ii)    Conditions Applicable to Termination. Upon any termination of
this Lease by either party in accordance with the provisions of this Section 2(c), Tenant shall surrender the Premises to Landlord in accordance with the provisions of Sections 3(d)(ii), 11(d) and 35 hereof. Notwithstanding any termination
hereof, Tenant shall be expressly bound by all of the terms, conditions and provisions of this Lease until Tenant has vacated the Premises and surrendered the same as provided herein. 

  
 3 

	3.	 TENANT’S USE OF AND
ACCESS TO THE PREMISES 

(a)    Permitted Uses. The Premises shall be occupied and used by Tenant for the purpose of acquiring, processing,
manufacturing, selling, delivering, transporting, distributing or dispensing medical marihuana as a “registered organization” in accordance with the requirements of title 5-A of article 33 of the
Public Health Law of the State of New York and for warehousing purposes associated therewith (collectively, the “Medical Marihuana Uses”), and for no other purpose whatsoever, except as may be reasonably agreed upon in writing by Landlord
and Tenant and, if applicable, a permitted assignee of Tenant. Only after strict compliance with the terms of this Lease including, but not limited to, the provisions of Paragraph 11(d) herein, Tenant shall be permitted to perform any and all
ancillary work necessary to support Tenant’s business as a “registered organization” operating in compliance with title 5-A of article 33 of the Public Health Law of the State of New York.
Tenant is expressly prohibited from using the Premises for any purpose (including storage) which involves any processes and/or materials (including but not limited to any chemicals) if Landlord advises Tenant that such are reasonably deemed by
Landlord to cause any additional liability to Landlord. Provided that Tenant continues to be in compliance with applicable state law, the preceding sentence shall not be construed to limit Tenant’s use of the Premises as a “registered
organization”, as indicated above, in any way. 
 (b)    Tenant’s Access to the Premises. Subject to
the reasonable security and operating policy of Landlord, written notice of which shall be provided to Tenant, Tenant is entitled to 24 hours per day, 365 days per year access to the Premises. 

(c)    Restrictions on Tenant’s Activities. Tenant shall comply and shall cause all of its agents,
contractors, employees, visitors and any others using the Premises to comply with each and every restriction and requirement set forth in the Rochester Site Requirements for Tenants (the “Site Requirements”) promulgated by Landlord and
attached hereto as EXHIBIT E and made a part hereof. At any time and upon reasonable prior notice to Tenant, Landlord reserves the right to promulgate and enforce additional rules and regulations
with respect to Tenant’s use and occupancy of the Premises. However, Landlord shall not promulgate any rules or regulations which would prohibit Tenant’s Medical Marihuana Uses indicated in Paragraph 3(a) above. 

(d)    Tenant’s Rights to Use IT Facilities. Subject to the terms of the following subsections, during the
Lease Term, at no additional cost to Tenant, Tenant and its employees shall have the right to use, and access to, the telecommunication facilities located in the Premises and the Building as described below: 

(i)    Frame/Demarcation Room. Tenant shall have the right to have access to, in common with Landlord, the existing
frame/demarcation room (the “Demarcation Room”) in the Building (in which the telecommunications connections from the Building to areas outside the Building are located) from time to time upon advance request by Tenant to Landlord.
Landlord, Tenant and any other tenant or occupant having access to the Demarcation Room shall reasonably cooperate to isolate, to the extent reasonably possible within the Demarcation Room, each party’s equipment and cabling located in the
Demarcation Room. Landlord may require Tenant to be escorted by a representative of Landlord to the Demarcation Room. 

  
 4 

 (ii)    Wireless Network. Tenant shall not install at the
Premises any wireless network (“Wireless Network”) without advance written consent of Landlord, which consent shall not be unreasonably withheld. In the event Tenant desires to install a Wireless Network, Tenant shall first submit to
Landlord plans and specifications therefor for Landlord’s review as part of Landlord’s determination of whether to approve the Wireless Network installation. If Landlord shall determine, in its sole discretion, that the Wireless Network
proposed to be installed by Tenant fails to comply with Landlord’s standards for such networks in the Building or at EBP, or would cause interference with the operation of wireless or other networks of Landlord at the Building or at EBP, then
Landlord shall have the right to withhold its consent to Tenant’s proposed Wireless Network, and such failure to consent shall not be deemed unreasonable for purposes of this Subparagraph 3(d)(ii). 

(iii)    Conditions Upon Surrender. Upon the Expiration Date, Tenant shall, subject to Sections 11(d) and 35,
surrender in place to Landlord any horizontal, Premises cabling and any riser cabling used by Tenant at the Building, regardless of whether such cabling exists on the Commencement Date or is later installed by Tenant. 

 

	4.	 RENT 

(a)    Base Rent. Tenant shall pay to Landlord as base or fixed rent (the “Base Rent”), in U.S. legal
tender, at the following address: Eastman Kodak Company, 343 State Street, Rochester, New York 14650-0207, Attention: Kodak Real Estate, Lease Administration & Field Operations, or as otherwise directed from time to time by Landlord’s
written notice, the following amounts: 
  

													
	 MONTHS
	  	RENT PER SQUARE
FOOT	 	  	ANNUAL RENT*	 	  	MONTHLY
RENT*	 
	 1-36
	  	$	6.50	 	  	$	379,249.00	 	  	$	  31,604.08	 
	 37-48
	  	$	6.63	 	  	$	386,833.98	 	  	$	  32,236.17	 
	 49-60
	  	$	6.76	 	  	$	394,418.96	 	  	$	  32,868.25	 
	 61-72
	  	$	6.90	 	  	$	402,587.40	 	  	$	  33,548.95	 
	 73-84
	  	$	7.04	 	  	$	410,755.84	 	  	$	  34,229.65	 

  

	*	 These amounts are based on the initial Premises of 58,346 square feet and will be subject to change if Tenant
exercises any of its Expansion Rights. 

 The Base Rent shall be paid in equal monthly installments as shown above. Tenant and Landlord
agree that no Base Rent shall be due from Tenant for the four months following Commencement Date. The first installment of Base Rent shall be paid on the first day of the fifth month following the Commencement Date (“Rent Commencement
Date”) and, thereafter, each installment of Base Rent shall be paid promptly on the first day of every remaining calendar month of the Lease Term, and pro rata, in advance, for any partial month, without demand, the same being hereby waived,
and without any set-off or deduction whatsoever except as otherwise expressly provided in this Lease. 

  
 5 

 The monthly payment shall be pro-rated for any partial month during
the Lease Term. Any payment required to be made by Tenant under the provisions of this Lease not made by Tenant when and as due shall thereupon be deemed to be due and payable by Tenant to Landlord on demand with interest thereon at the rate of ten
percent (10%) per annum computed from the date when the particular amount became due to the date of payment thereof to Landlord. In addition, subject to the terms of Section 17 of this Lease, if Tenant fails to timely pay any installment of
Base Rent or Additional Rent (as hereinafter defined), a late charge will be due and owing at the rate prescribed in Section 17 of this Lease upon any Base Rent and/or Additional Rent (defined below) not paid by the fifth (5th) business day
after the date on which such Rent is due. 
 (b)    Reduction in Base Rent. In the event Tenant exercises its
Expansion Rights such that the total space leased by Tenant is 75,000 square feet or more, Landlord shall discount the total space or square footage leased by Tenant by $0.50 per square foot per year for the remainder of the Lease Term from and
after the date on which the Premises contains 75,000 square feet of space or more. 
 (c)    Costs and Expenses
Deemed Rent. All costs and expenses which Tenant agrees to pay to Landlord pursuant to this Lease shall be deemed additional rent (“Additional Rent”) and, in the event of non-payment thereof,
Landlord shall have all the rights and remedies herein provided for in case of non-payment of Rent (below defined). Included as Additional Rent are: (i) the Security Services Fee set forth in
Section 5(b)(ii) below; and (ii) the CAM Fee set forth in Section 5(b)(vi) below. 
 (d)    Sales
Tax. In the event any sales, rent or occupancy tax should be assessed against all or part of the Base Rent or any Additional Rent, Tenant shall reimburse Landlord for such tax as Additional Rent hereunder within twenty (20) days of invoice
by Landlord. 
 (e)    Rent. The Base Rent together with the Additional Rent described in this Section 4
will be collectively referred to herein as Rent. 
  

	5.	 SERVICES 

Except as otherwise provided, the following services shall be provided by Landlord at no additional cost to Tenant, except as otherwise
specified in this Section 5 below: 
 (a)    Utilities. From and after the Rent Commencement Date (but not
before such date), subject to and on the terms, limitations and conditions contained in this subsection (a) and subsections (c), (f) and (g) of this Section 5, Tenant shall purchase from Landlord and Landlord shall use its reasonable
efforts to supply to Tenant at the Building the utility services (the “Utility Services”) listed below in the quantities and at the times reasonably requested by Tenant; and furthermore provided that Landlord shall apply commercially
reasonable efforts to, in the case of service interruption, restore services to Tenant at the Premises. Landlord shall be responsible for delivering such Utility Services to the point of entry at the Building, and Landlord shall maintain, at
Landlord’s cost and expense, all necessary infrastructure to make such deliveries to the point of entry at the Building. Tenant shall indemnify, defend and hold Landlord harmless from and against any and all costs, expenses, liabilities and
damages of any kind (including reasonable attorneys’ fees) resulting from damage or injury of any kind to Tenant’s property located at the Premises, or to Tenant’s employees, agents, contractors or invitees or their property while
located at the Premises, arising in connection with Landlord’s providing of the services listed below in this subsection (a), except to the extent directly resulting from the negligence or willful misconduct of Landlord, its employees or
agents. 

  
 6 

 (i)    Steam. Landlord shall provide steam services used by
Tenant for heating the Building and in the conduct of its manufacturing operations in the Premises. 

(ii)    Electric Energy. Landlord shall provide electrical energy used by Tenant for heat, air-conditioning, lighting and other services, and for the conduct of its manufacturing operations in the Premises. 

(iii)    Water. Landlord shall furnish hot and cold water to the Building for drinking and ordinary cleaning
purposes. In addition, Landlord shall provide a source of fire protection water, an independent source of process water for Tenant’s use in the conduct of its operations at the Premises, and an independent source of demineralized water for use
by Tenant in the conduct of its operations at the Premises. 
 (iv)    Chilled Water. Landlord shall provide
chilled water services used by Tenant for cooling the Building and in the conduct of its manufacturing operations in the Premises. 

(v)    Compressed Air. Landlord shall provide compressed air used by Tenant in the conduct of its manufacturing
operations in the Premises. 
 (b)    Site Services to be Supplied by Landlord. Subject to subsections (c), (f)
and (g) of this Section 5, Landlord shall provide the following services to Tenant at the Premises: 

(i)    Elevator Service. Building elevator service, if any, shall be available at all times, subject to reasonable
maintenance requirements. Tenant shall have exclusive use of a freight elevator to access the Premises. 

(ii)    Sanitary Sewer Service. Landlord shall provide Tenant with the right to use the existing sanitary sewer
currently owned by Landlord and the public sanitary sewer (collectively called the “Sanitary Sewer”), to the extent each of these service the Building in which the Premises is located, provided that Tenant shall, with respect to its use of
the Sanitary Sewer, promptly comply with the requirements imposed by Landlord now or in the future on all users of the Sanitary Sewer of which Tenant is given notice. Tenant shall have no right to use the industrial sewer at any time. 

(iii)    Emergency Services; Security. Landlord shall provide fire and explosion prevention, hazmat, emergency
medical services and related services with respect to the Premises (collectively, the “Emergency Services”) at the Building throughout the Lease Term and shall also provide site perimeter security services (the “Security
Services”) at the Building. Landlord shall charge Tenant for such security services (the “Security Services Fee”) as Additional Rent and such Security Services Fee shall be computed at the rate of 50
CENTS ($0.50) per square foot per year and shall be paid for the Premises in the annual amount of TWENTY NINE THOUSAND ONE
HUNDRED SEVENTY THREE DOLLARS ($29,173.00), payable in monthly installments of Two THOUSAND FOUR
HUNDRED THIRTY ONE DOLLARS AND 8 CENTS ($2,431.08) each, subject to change if Tenant
exercises its Expansion Rights. Such Emergency Services and Security Services shall be provided in the manner provided by Landlord to, and as part of the fire and emergency protection system and perimeter security services established by Landlord to
provide Emergency Services and Security Services to the operations conducted by Landlord adjacent to the Premises in the Building and at other buildings at EBP. Landlord shall provide security badges to Tenant’s employees and non-employees (contractors) to access the Premises, the cost of which shall be paid 

  
 7 

 
as Additional Rent, or Tenant shall obtain said security badges at its own cost; provided, however, that Tenant must obtain prior approval from Landlord’s Worldwide Corporate Security Office
for security badges not obtained from Landlord. In addition, Landlord shall provide Tenant with fire protection services, including emergency response and related services (“Fire Protection Services”), in the manner provided by Landlord
from time to time during the Lease Term to, and as a part of the fire protection system established by Landlord to provide fire protection services to, the manufacturing operations conducted in the Building and other buildings owned by Kodak
adjacent to or in the vicinity of the Building. Notwithstanding anything else to the contrary contained in this Lease, Landlord shall not be responsible to Tenant, its employees or contractors for losses, injury (including personal injury) or damage
sustained by Tenant as a result of a fire, explosion or any other event the presence of Emergency Services, Security Services and/or Fire Protection Services is designed to prevent or control. 

(iv)    Trash Removal; Bathroom Cleaning. Landlord shall provide trash and refuse removal services to Tenant on the
same frequency as such services are provided to other occupants of the Building, which shall consist of the removal from the Premises by Landlord of normal quantities of trash and other non-hazardous materials
discarded by Tenant, provided that such trash and material is placed by Tenant in designated dumpsters or other appropriate receptacles. Notwithstanding the foregoing, the parties expressly agree that Landlord shall have no obligation to remove or
dispose of and no responsibility for any chemicals and/or any specially controlled or regulated waste (irrespective of whether such waste is hazardous or not) arising out of, generated or resulting from or otherwise released in connection with
Tenant’s use of and operations in the Premises, and Tenant shall be solely responsible for the removal and disposal of all such waste. Tenant will segregate trash as reasonably requested by Landlord to facilitate recycling as opportunities to
recycle are developed by Landlord or required by law. In addition, in accordance with standards established by Landlord and procedures used by Landlord elsewhere in EBP, Landlord shall clean the bathrooms within and/or servicing the Premises. 

(v)    Site and Building Maintenance. Landlord shall maintain in good condition and repair the exterior of the
Building, the Building’s structural, mechanical and electrical systems, and all common areas of the Building (except for maintenance required within the Premises which shall be the responsibility of Tenant at its sole cost and expense),
together with the Building grounds and utility delivery systems. 
 (vi)    Snow Removal. Landlord shall cause
snow to be removed from the parking areas and walkways adjacent to the Building to the same extent of snow removal provided to the parking areas and walkways at or adjacent to other buildings in EBP. 

(vii)    Common Area Maintenance Fee (“CAM Fee”). Landlord shall maintain all common areas of the
Building and the costs of the same shall be billed to Tenant as Additional Rent. Such CAM Fee shall be computed at the rate of ONE DOLLAR ($1.00) per square foot per year, shall be
paid for the Premises in the annual amount of FIFTY EIGHT THOUSAND THREE HUNDRED FORTY SIX
DOLLARS ($58,346.00), payable in monthly installments of FOUR THOUSAND EIGHT HUNDRED SIXTY TWO
DOLLARS AND 17 CENTS ($4,862.17) each, subject to change if Tenant exercises its Expansion Rights. 

(viii)     Dock Access. Tenant shall have the right to use the docks appurtenant to and located at the Building
subject to reasonable rules and regulations imposed by Landlord. 

  
 8 

 (c)    Interruptions in Service. It is understood that Landlord
does not warrant that any of the services referred to above, or any other services which Landlord may supply, will be free from interruption. Tenant acknowledges that any one or more of such services may be suspended by reason of accident or of
repairs, alterations or improvements necessary to be made, or by strikes or lockouts, or by reason of operation of law, or causes beyond the reasonable control of Landlord. No such interruption of service shall be deemed an eviction or disturbance
of Tenant’s use and possession of the Premises, or any part thereof, or render Landlord liable to Tenant for damages by abatement of Rent or otherwise, direct or consequential, nor shall any such interruption relieve Tenant from performance by
Tenant of its obligations under this Lease. 
 (d)    Additional Work or Services. Notwithstanding any other
provisions herein, should Tenant require any work or services other than those described above in this Section 5, Landlord may upon advance request by Tenant furnish such additional service and Tenant agrees to pay Landlord, within twenty
(20) days after invoice from Landlord, such charges as may be agreed on but in no event less than Landlord’s actual cost plus overhead plus any applicable taxes imposed for the additional services provided. Any such request shall require
at least one business day’s advance notification. Nothing in this Subsection 5(d) shall imply an obligation upon Landlord to furnish such additional services or a restriction against Tenant contracting with a third party, or third parties, for
the provision of such services. In the event Tenant contracts with a third party for the provision of any additional work or services, Tenant shall pay the cost thereof directly to such third party and no overhead, taxes or any other fee or charges
shall be payable to Landlord in connection therewith. 
 (e)    Excluded Services. Notwithstanding the foregoing,
Tenant shall be responsible for supplying and paying directly for the costs of the following: 
 (i)    All data and
telecommunications services (including internet access and service and any connectivity provided in any Landlord buildings and/or common areas). 

(ii)    Removal, disposal and management of any hazardous waste and for all chemical and/or specially controlled or
regulated waste (irrespective of whether such is hazardous or not) arising out of, generated or resulting from or otherwise released in connection with Tenant’s use of and operations in the Premises. 

(iii)    Maintenance and repair of the Premises and all of Tenant’s furniture, fixtures and equipment located within
the Premises together with any necessary services related to same. 
 (iv)    All mail service and package delivery in
and to the Building. 
 (v)    Maintenance and repair of any lights and lighting fixtures within the Premises. 

(vi)    Except for Building perimeter security as described above, Tenant shall be responsible for all security (including
installation and maintenance of same, subject expressly to the terms of this Lease). 
 (vii)    All air handling for
any industrial processes. Any changes required to the Premises or the Building as a result of such responsibility shall be made in full compliance with the provisions of this Lease. 

(viii)    All cleaning and janitorial services necessary to keep the Premises in a clean, neat and orderly manner. 

  
 9 

 (ix)     Office equipment and supplies such as computers, copiers,
printers and fax machines. 
 (f)    Discontinuance of Services. Notwithstanding the foregoing, Landlord may
elect to cease to provide one or more of the services listed in this Section 5 to Tenant if Landlord has ceased to provide such service to a substantial portion of the Building and adjacent buildings in EBP, by delivering notice of the
cancellation of such service no less than six (6) months prior to the effective date of such cancellation, provided that replacement service or services are at such time generally available to Tenant, or if Landlord is prohibited from providing
such services to Tenant by law, regulation or requirement of a governmental entity having jurisdiction over the Premises by delivering notice of the cancellation to Tenant promptly upon notice to Landlord of such application of such law, regulation
or requirement and in any event no less than twenty (20) days prior to the effective date of such cancellation. 

(g)    Charges for Services. 

(i)    Charges for Utility Services. Tenant agrees to pay Landlord, as Additional Rent, for the Utility Services,
the amounts of Utility Services Charges (as defined in paragraph 2 of EXHIBIT D attached hereto and made a part hereof) computed in accordance with the provisions of such
EXHIBIT D, which is entitled “Utility Services Charges”. 

(ii)    Payments for Services and Expenses. Landlord shall deliver to Tenant electronic or other form of statements
of charges for Utility Services Charges on or after the last day of each month during the Lease Term for Utility Services provided by Landlord or made available to Tenant during such month. The Utility Services Charges provided on the statement
shall be an amount equal to the rate per unit applicable to the calendar year including the month with respect to which the statement relates multiplied by the number of units actually consumed by Tenant at the Building during such month or, where
such actual consumption cannot be measured, Landlord’s reasonable estimate of the number of units actually consumed by Tenant at the Building during such month. Each such statement of charges shall be due and payable by Tenant within twenty
(20) days after receipt of the statement. 
 (h)    Landlord’s Obligations Relating to Providing Utilities
and Services. Subject to and on the terms, limitations and conditions contained in this Section 5, Landlord shall use its reasonable efforts to supply to Tenant at the Premises, the utilities and services listed herein. It is understood and
agreed that Landlord shall apply the same efforts to, and shall place the same level of priority on providing or, in the case of service interruption, restoring, services to Tenant as Landlord would apply to or place on the providing or restoring of
services for any other user of such services in the Building or elsewhere at EBP. Landlord shall be responsible for delivering such utilities and services to the point of entry at the Premises, and Landlord shall maintain, at Landlord’s cost
and expense, all necessary infrastructure to make such deliveries to the point of entry at the Premises. 
  

	6.	 WAIVER OF CERTAIN CLAIMS

 Except to the extent that the following is inconsistent with the provisions of Sections 19 and 30, Tenant, to the
extent permitted by law, waives all claims it may have against Landlord, and against Landlord’s agents, employees and contractors for damages for injuries to person or damage to property sustained by Tenant or by any occupant of the Premises,
or by any other person, resulting from any part of the Premises or any equipment or appurtenances becoming out of repair, 

  
 10 

 
or resulting from any accident in or about the Building or the Premises or resulting directly or indirectly from any act or neglect of Tenant, its employees, agents, representatives or
contractors or of any other person, except that this waiver shall not apply to, and Landlord shall indemnify, defend and hold Tenant and its agents, employees and contractors harmless against any damages (other than indirect or consequential
damages) for injuries to persons or damage to property to the extent caused by or directly resulting from the gross negligence or willful misconduct of Landlord or its employees or agents unless, with respect to property damage, such loss is or
would be covered by the standard form of all risk property damage insurance whether or not Tenant self-insures part or all of said coverage and whether or not such insurance would actually provide compensation to Tenant after taking into account
deductibles and other similar policy limitations. This waiver, when applicable, shall include not only direct damages but also claims for consequential damages and any claims for abatement of Rent due hereunder, it being intended that this waiver be
absolute, except as otherwise expressly provided herein. 
  

	7.	 INSURANCE 

Tenant shall, at its expense, procure and maintain during the Lease Term the following insurance coverage which may be satisfied by any
combination of primary and excess or umbrella liability insurance policies: 
 (a)    Workers’ Compensation.
Insurance protecting Tenant from any and all claims under applicable Workers’ Compensation statutes or any similar statutes or requirements. 

(b)    Employer’s Liability. Employer’s Liability coverage with a limit of liability not less than
ONE HUNDRED THOUSAND DOLLARS ($100,000.00). 

(c)    Commercial General Liability. Commercial General Liability Insurance covering all claims of damages for all
injuries, including death and all claims on account of property damage with a limit of liability not less than THREE MILLION DOLLARS ($3,000,000.00) per occurrence and
aggregate, combined single limit for bodily injury (“BI”) and property damage (“PD”). Such commercial general liability insurance shall include coverage of the contractual liability assumed in this Lease. Tenant shall have the
right to insure and maintain the liability insurance coverages set forth in this paragraph 7(c) using any combination of primary and excess coverage and under blanket insurance policies covering other premises occupied by Tenant so long as such
blanket policies comply as to terms and amounts with the insurance provisions set forth in this Lease; and Landlord shall be named as an additional insured on each such policy. 

(d)    Comprehensive Automobile Liability. Comprehensive Automobile Liability Insurance with respect to any and all
owned, hired and non-owned vehicles to be used by Tenant or any agent, employee, representative or subcontractor of Tenant on or about the Premises or in connection with the use of property or any other real
property owned by Landlord with a limit of liability not less than ONE MILLION DOLLARS ($1,000,000.00) combined single limit BI and PD, naming Landlord as an additional
insured. Notwithstanding the foregoing, if and for so long as Tenant is not the registered owner or lessee of any vehicles, Tenant may satisfy the requirements of this Section 7(d) by providing liability coverage with a limit of liability of
not less than ONE MILLION DOLLARS ($1,000,000.00) with respect to non-owned vehicles only, and such coverage may be obtained as
part of Tenant’s commercial general liability policy instead of in a separate policy. 

  
 11 

 (e)    All Risk Property Damage Insurance. All risk property
damage insurance covering all personal property of Tenant at the Premises, including equipment, machinery, stock, supplies and leasehold improvements for the full replacement value of such property. It is understood and agreed that Landlord shall
have absolutely no liability or responsibility for any damage or loss occurring to Tenant’s personal property. 

(f)    Requirements. The primary insurance required to be maintained hereunder shall be maintained under policies
issued by insurers rated not less than A in Best’s insurance reports or a comparable rating in an equivalent insurance report and which are licensed to do business in the State of New York and being of recognized responsibility. Tenant’s
policies shall: 
 (i)    Name Landlord as additional insured on the commercial general and any excess liability policy
required hereunder; 
 (ii)    Use commercially reasonable efforts to provide for thirty (30) days’ notice to
Landlord prior to any amendment, change, modification, lapse or cancellation of coverage; and 
 (iii)    Be written on
an “occurrence” basis and as primary policy coverage and not contributing with or in excess of any coverage which Landlord may carry. 

(g)    Certificates. Tenant shall furnish Landlord with a certificate of insurance within ten (10) days before
the Commencement Date showing the coverage required and thereafter such evidences of coverage shall be furnished by Tenant to Landlord not less than ten (10) days prior to the expiration date of each such policy. 

(h)    Third Parties. If Tenant contracts with any third party to perform any services or permits such a third
party to conduct any activity of any kind at the Premises, Tenant shall direct such third party to maintain insurance in the types and amounts reasonably sufficient to protect Landlord and Tenant from any and all liabilities and damages. The amount
of such insurance carried by any third party shall not limit Tenant’s liability hereunder. Tenant shall be responsible for the consequences of any failure of any such third party to maintain such insurance, and Tenant shall indemnify, defend
and hold Landlord harmless from each and every claim for liability for injuries to persons or damage to or loss of property occurring at the Premises due to any negligent acts or omissions by Tenant’s contractors or agents. 

(i)    No Limitations on Liability. The liability of Tenant and Landlord or any third parties relating to either
Landlord or Tenant shall not be limited to the insurance required to be maintained as part of this Lease. 
  

	8.	 MUTUAL RELEASE AND WAIVER OF
SUBROGATION 

 Landlord and Tenant hereby waive on behalf of themselves and their respective insurers,
any claims that either actually may have against the other for loss or damage to their respective property resulting from perils covered by the standard form of all risk property damage insurance, including vandalism and malicious mischief coverage.
It is understood that this waiver is intended to extend to all such loss or damage whether or not the same is caused by the fault or neglect of either Landlord or Tenant and whether or not insurance is in force. If required by policy conditions,
each party shall secure from its property insurer a waiver of subrogation endorsement to its policy, and deliver a copy of such endorsement to the other party to this Lease if requested. 

  
 12 

	9.	 HOLDING OVER 

If Tenant fails to vacate the Premises (or any portion thereof) on the Expiration Date, then Tenant shall pay Landlord Base Rent at 150% of the
monthly rate then in effect immediately prior to such holdover period as specified in Section 4 for the time Tenant thus remains in possession. Tenant shall also indemnify and hold Landlord harmless from and against any and all cost, expense,
damage, claim, loss or liability resulting from any delay or failure by Tenant in so surrendering the Premises, including any consequential damages (including, but not limited to, (i) any rent or other income foregone by Landlord from another
tenant; (ii) any and all additional costs incurred by Landlord in preparing the Premises or any other space for use by another tenant or for Landlord’s own use arising as a result of Tenant’s retention of possession; and
(iii) any damages, holdover rent charges or other amounts payable by or chargeable against Landlord as a direct or indirect result of Tenant’s retention of possession) suffered by Landlord and any claims made by any succeeding occupant
founded on such delay or failure, and any and all reasonable attorneys’ fees, disbursements and court costs incurred by Landlord in connection with any of the foregoing. The provisions of this Section 9 do not exclude Landlord’s
rights of re-entry or any other right or remedy of Landlord hereunder. 
  

	10.	 ASSIGNMENT AND SUBLETTING 

(a)    Prohibition. Except as otherwise provided herein, this Lease may not be assigned or the Premises or any part
thereof sublet or used or occupied by any third party, nor may Tenant otherwise transfer the Lease or any rights to use the Premises (including any transfers by operation of law, including by merger of Tenant with or into another entity, or
transfers of the majority of any stock of any corporate Tenant or any majority partnership or limited liability company interests of any partnership Tenant) without the prior written consent of Landlord, which consent may be granted or withheld by
Landlord in its sole discretion. An assignment by Tenant of this Lease or a sublease of any portion of the Premises to a wholly-owned direct or indirect subsidiary of Tenant will require Landlord’s consent but such consent will not be
unreasonably withheld, conditioned or delayed. Any attempted transfer of this Lease in contravention hereof shall be null and void. No transfer of this Lease shall operate to release Tenant from its obligations under this Lease. 

(b)    Requirements. If Tenant desires to assign, sublease or otherwise transfer any right or interest in and to
the Lease or the Premises, or any right to occupy the Premises, to any party, Tenant shall notify Landlord in writing of such proposed assignment, sublease or transfer. Such notice shall include a copy of the proposed written assignment, sublease or
other agreement of transfer and such other information concerning the proposed assignment, sublease or transfer as Landlord may request. If Landlord grants its consent to such assignment, sublease or other transfer, Tenant shall promptly provide
Landlord with a fully executed copy of the final assignment, sublease or other agreement of transfer. 

(c)    Deemed Assignment/Sublet. For purposes of this Section 10 the following shall be deemed an assignment
or sublease, as the case may be, subject to the requirements of this Section: 
 (i)    the transfer of more than thirty
percent (30%) of the outstanding capital stock of any corporate tenant or subtenant or any increase in the amount of issued and/or outstanding shares of capital stock and/or the creation of one or more additional classes of common stock of any
corporate tenant or subtenant with the result that the beneficial and record ownership in and to such tenant or subtenant changes by more than thirty percent (30%) from the beneficial and record 

  
 13 

 
ownership as of the Commencement Date, or the transfer of more than thirty percent (30%) of any partnership interest in Tenant or any subtenant, if Tenant or subtenant is a partnership, however
accomplished, whether in a single transaction or in a series of related or unrelated transactions; 
 (ii)    any
agreement by any other person or entity directly or indirectly, to assume Tenant’s obligations under this Lease; 

(iii)    any transfer or series of transfers, by operation of law or otherwise, of Tenant’s interest in this Lease,
including without limitation the transfer of this Lease to a subsidiary or affiliate of Tenant and the subsequent transfer of stock or other ownership interest in such subsidiary or affiliate; and 

(iv)    each modification, amendment or extension of any sublease to which Landlord has previously consented shall be
deemed a new sublease. 
 (d)    Additional Information. Tenant agrees to furnish Landlord upon demand at any
time, such information and assurances as Landlord may reasonably request that neither Tenant, nor any previously permitted subtenant, has violated the provisions of this Section. 

(e)    Rights of Landlord Upon Subletting. If, with the consent of Landlord, the Premises or any part thereof shall
be sublet or occupied by anyone other than Tenant, Landlord may, after default by Tenant, collect rent from the subtenant or other occupant, and apply the net amount collected to the Rent herein reserved. If, without the consent of Landlord, the
Premises or any part thereof shall be sublet or occupied by anyone other than Tenant, Landlord may collect rent from the subtenant or other occupant, and apply the net amount collected to the Rent herein reserved, provided, however, that no such
collection shall be deemed a waiver by Landlord of the requirement to obtain its consent to such sublease or other occupancy nor an acceptance by Landlord of such sublease or other occupancy. In neither of the foregoing circumstances shall Tenant be
relieved from its obligations under the Lease or from further performance by Tenant of any covenants on the part of Tenant herein contained. 

(f)    Rights of Landlord Upon Assignment. If this Lease or any interest herein is validly assigned under this
Section 10 to another party, such assignment shall not relieve Tenant from its obligations under the Lease or from further performance by Tenant of any covenants on the part of Tenant herein contained, and Tenant shall at all times remain
directly and primarily responsible therefor. 
 (g)    Review and Approval Costs. Tenant agrees to pay to
Landlord, on demand, the reasonable out-of-pocket costs incurred by Landlord in connection with any request by Tenant for Landlord to consent to any assignment or
subletting by Tenant, including reasonable attorneys’ fees. 
 11.     USE OF
PREMISES 
 Landlord and Tenant agree to comply with the following provisions regarding the use of the Premises. 

(a)    Compliance with Law. 

(i)     Generally. Unless expressly allowed herein with respect to Tenant’s specific permitted Medical
Marihuana Uses (and the current non-compliance of same under federal law), Tenant shall comply in all material respects with the covenants, agreements, terms, provisions and conditions of this Lease and any
mortgage on the Premises of which Tenant has actual knowledge 

  
 14 

 
and any applicable state or local law, ordinance or governmental regulation (including, without limitation, all environmental laws, rules, regulations or orders relating to the Premises). Tenant
shall not make or permit to be made any use of the Premises or any part thereof that would reasonably be likely to be dangerous to life, limb, or property without the appropriate safety practices reasonably approved by Landlord, or which would
reasonably be likely to invalidate or increase the premium of any policy of insurance carried on the Building, the Premises or covering its operation, unless Tenant is willing to pay the cost of any such increased premium or provide alternative,
comparable insurance coverage reasonably acceptable to Landlord. Notwithstanding any term or provision to the contrary herein, Tenant shall not be required to comply with any federal law which is applicable to and prohibits Tenant’s Medical
Marihuana Uses in the Premises and Tenant’s non-compliance with federal law with respect to such Medical Marijuana Uses shall not be considered a breach or default of this Lease. Tenant shall not use or
permit the Premises or any part thereof to be used in any manner, nor shall it permit anything to be brought into or kept therein which, in the reasonable judgment of Landlord, would in any way impair the character, reputation or appearance of the
Premises as a high quality facility or which would materially impair or interfere with any of the services performed by Landlord for the Premises. Tenant agrees to change, reduce or stop any such use or install at its expense necessary equipment,
safety devices, pollution control systems or other installations at any time during this Lease to comply with the foregoing upon the written request of Landlord. Tenant shall have the right, upon written notice to Landlord, to contest the
application of any such legal or other requirement to Tenant or its operations at the Premises, provided that Tenant shall pursue such contest with due diligence and also provided that Tenant shall indemnify, defend and hold Landlord harmless from
any costs, penalties, losses, liabilities or other damages incurred or suffered by Landlord arising from Tenant’s violation or alleged violation of any of the requirements of this subsection 11(a). 

(ii)    Health, Safety and Environmental Issues. Tenant agrees to comply with all health, safety and environmental
rules and regulations of Landlord of which written notice has been provided to Tenant and of any governmental entities and/or regulatory agencies having jurisdiction over the Premises. Tenant agrees to designate, by written notice to Landlord, a
representative who shall have authority to participate in facility meetings and other meetings of Landlord with respect to health, safety and environmental issues in the Building and at EBP. Such representative shall also serve as the contact person
for any governmental entity (including any regulatory agencies) which has need to identify a contact person for such health, safety and environmental issues. Tenant shall maintain reasonably detailed records (and, subject to confidentiality and
privilege considerations, make same available to Landlord upon reasonable request for same) relating to inventories of chemicals used and/or stored on or about the Premises and tracking records pertaining thereto. In no event shall the foregoing
constitute Landlord’s consent to the use and/or storage of any such chemicals and Tenant is expressly prohibited from using the Premises for any purposes (including storage) which involve any processes and/or materials (including, but not
limited to, any chemicals) if such are deemed by Landlord to cause additional liability to Landlord, except as otherwise provided in Section 3(a) hereof. 

(iii)    Certification of Compliance. At the request of the Landlord, which shall in no event occur more than once
in any calendar year, an officer of Tenant (in the case of a corporation) or such other person authorized to bind Tenant (in the case of another form of legal entity) shall certify in writing to Landlord that Tenant’s operations, activities and
occupancy of the Premises are in full compliance with all applicable federal (excepting only federal laws applicable to Medical Marihuana Uses), state and local laws, orders, regulations and ordinances. Any exceptions, deviations or non-compliance shall be identified in such certificate, together with a detailed description of Tenant’s plan for remedying such non-compliance. 

  
 15 

 (b)    Rules. Tenant shall comply and shall cause all of its
agents, contractors, employees, visitors and any others using the Premises to comply with the “Site Requirements” attached hereto as EXHIBIT E. Notwithstanding the foregoing, however,
Tenant’s allowed Medical Marihuana Uses shall not be deemed to violate the provisions of Section 6.5 of the Site Requirements. Landlord hereby advises Tenant that the “Kodak Representative” (as defined in the Site Requirements)
is Robin Chontosh (585-477-4896), subject to change by Landlord upon written notice to Tenant. In the event any future rule or other requirement is approved which
either prohibits Tenant’s Medical Marihuana Uses or substantially prevents Tenant’s compliance with state law, rule, regulation, or otherwise, Tenant may terminate this Lease without penalty and recover the full amount of the Security
Deposit (assuming that Tenant fully and completely complies with all provisions of this Lease through the date of such termination and fully surrenders the Premises to Landlord in accordance with the terms hereof). 

(c)    Signs. Tenant shall have the right, at its sole expense, to install signs in and on the building, however,
Tenant shall not display, inscribe, print, paint, maintain or affix on any place on the exterior of the Building nor on the land on or adjacent to which the Building is located, any sign, notice, legend, direction, figure, or advertisement display
materials after first obtaining the written approval of Landlord, which shall not unreasonably be withheld. Signs located inside the Building shall be permitted to identify the location of the Premises. In addition to the foregoing, Landlord shall
provide, at Landlord’s cost and expense, a listing of Tenant’s business name on the Building directory, if any. All such signs must comply fully with all applicable laws, rules and regulations of any governmental authority. 

(d)    Alterations. 

(i)     Prohibitions and Limitations on Same. Tenant shall not make any alterations, improvements, or additions of
or to the Premises (collectively, “Alteration”) without Landlord’s advance written consent in each and every instance, which consent shall not be unreasonably withheld; provided, however, Tenant shall not require Landlord’s
consent to make de minimus alterations, such as painting or installing carpeting, or to make any other alterations not affecting any Building system or the structure of the Building that, on an individual project basis, do not cost in excess of
TWENTY FIVE THOUSAND DOLLARS ($25,000.00). Notwithstanding the foregoing, Tenant shall require Landlord’s consent for any Alteration proposed by
Tenant that calls for any modification to the foundation, structural or mechanical components (including the heating, ventilating, air conditioning, plumbing, electrical, fire protection, sprinkler and fire alarms systems including the fire walls
and fire doors), and Landlord shall not unreasonably withhold its consent to such Alterations. Notwithstanding any other statement to the contrary in this Lease, with Landlord’s prior written consent which will not be unreasonably withheld,
conditioned or delayed, Tenant shall have the right to make any Alterations required to comply with the requirements of title 5-A of article 33 of the Public Health Law of the State of New York or any other
statute, law, rule, regulation, ordinance, or guidance, provided that any such Alterations do not impact modify or change the structural elements of the Building (including the foundation) or any mechanical systems serving the Building. Any
Alteration in or to the fire protection systems, fire alarms, sprinkler systems and/or fire walls and fire doors shall expressly require the prior written consent and approval of any insurance company of Landlord (and may be given or withheld for
any reason or no reason) and must be in full compliance with all rules and regulations of such company. The parties 

  
 16 

 
hereto agree that Landlord may reasonably withhold its consent to a proposed Alteration requiring Landlord consent if such Alteration is not consistent, in Landlord’s reasonable judgment,
with Landlord’s internal aesthetic, engineering, insurance and construction standards and the standards of Landlord’s property insurance company for the Building or other buildings owned by Landlord (if any) adjacent to the Building. In
the event Tenant desires to make any Alteration that requires Landlord’s consent hereunder, Tenant shall first submit to Landlord plans and specifications therefor for Landlord’s review as part of Landlord’s determination of whether
to approve the Alteration pursuant to this subparagraph 11 (d)(i). In addition, any contractor(s) which Tenant intends to engage in the making of any Alteration shall be subject to Landlord’s prior approval which shall not be unreasonably
withheld. Any contractor, agent and/or subcontractor hired by Tenant must maintain insurance at the levels, of the types, with the companies and subject to conditions reasonably required by Landlord, which insurance requirements shall be delivered
in writing by Landlord to Tenant at the time of delivery of Landlord’s consent, if such consent is delivered. Tenant shall indemnify, defend and hold Landlord harmless from each and every claim for liability for injuries to persons or damage to
or loss of property occurring at the Premises due to negligent acts or omissions by Tenant or Tenant’s contractors, subcontractors or agents. 

(ii)     Additional Requirements. Each Alteration must comply fully with all laws and be performed in a good and
workmanlike manner. Landlord must be advised of any requests for permits or governmental applications made or filed by Tenant prior to such filings. Upon Tenant’s request, and at Tenant’s sole cost and expense, Landlord shall cooperate in
connection with the securing of any such permits or the filing of any such governmental applications. Each and every Alteration, whether temporary or permanent in character, made by Landlord or Tenant in or upon the Premises shall become
Landlord’s property (with the exception only of Tenant’s movable office furniture, trade fixtures, office and professional, manufacturing and process equipment) and shall remain upon the Premises at the expiration or earlier termination of
this Lease without compensation to Tenant unless Landlord notifies Tenant in writing, at the time of Landlord’s consent to the Alteration, that such Alteration must be removed upon the expiration or termination of the Lease. Tenant shall remove
such Alteration as herein required upon such expiration or earlier termination, repair any damage caused by such removal and restore the Premises to the condition specified in Section 35 of this Lease. Notwithstanding anything to the contrary
herein provided, Landlord and Tenant intend and agree that during the Lease Term any Alteration shall be treated as the property of Tenant for accounting and income tax purposes such that Tenant shall be entitled to deductions, if any, for
depreciation or amortization of such Alterations, excluding, however, any Alteration funded by Landlord which shall be owned by and treated as the property of Landlord. 

(e)    Security. Tenant (subject to compliance with Section 11(d)) shall have the right to install a separate
security system to accommodate Tenant’s use of the Premises in strict compliance with any federal (unless such federal law conflicts with Tenant’s Medical Marihuana Uses), state or local statute, law, regulation, ordinance, rule, order or
guidance. Landlord shall cooperate with Tenant in accomplishing such installation, provided however, that Landlord shall not be required to accommodate such improvements or systems if they would materially interfere with such Landlord’s
conducting business at the Building or the Premises and further provided that Tenant shall be responsible for the entire cost of the design, installation and operation thereof. 

(f)    Energy Conservation. Tenant shall comply with any applicable federal laws, rules, ordinances or
administrative enactments on energy conservation, and shall cooperate with reasonable energy conservation programs voluntarily implemented by Landlord in the Building notice of which shall be provided to Tenant, to the extent that such programs do
not materially and adversely affect Tenant’s conduct of its business. 

  
 17 

 (g)    Nuisance. Tenant shall not use, keep or permit the
Premises to be occupied or used to cause an unreasonable nuisance or in a manner offensive or objectionable to Landlord and/or other occupants of the Building or adjacent facilities owned by Landlord by reason of noise, odors and/or vibrations, or
interfere in any way with Landlord’s business, nor shall any animals (except service animals) or birds be brought in or kept in or about the Premises. 

In addition to any liability for breach of any covenant of this Section, Tenant shall pay to Landlord an amount equal to any increase in
insurance premiums payable by Landlord, caused by such breach, default or carelessness on the part of Tenant. 
  

	12.	 REPAIRS 

Tenant shall maintain the Premises in good condition (ordinary wear and tear and loss or damage due to a casualty not required to be restored
by Tenant excepted) and shall, subject to the terms of Section 12 herein, repair any damage to the Premises occurring on or after the date hereof, other than any repairs which are the responsibility of Landlord hereunder, as expressly provided
herein. Tenant shall be responsible for prompt maintenance and repair of all leasehold improvements within the Premises and Tenant’s furniture and fixtures located within or about the Premises. In addition, Tenant shall be responsible for any
maintenance and repair to the Premises required as a result of the negligent use or misuse of the Premises by Tenant or Tenant’s employees, agents, contractors or invitees; provided that any such maintenance or repair required hereunder to be
made by Tenant to the Premises shall be subject to the Landlord approval requirements applicable to alterations as provided in Section 11(d), and further provided that Landlord, as part of such approval, may elect to perform such maintenance or
repair itself, at Tenant’s cost (to be paid as Additional Rent within twenty (20) days after receipt of an invoice therefor. 
  

	13.	 DESTRUCTION OF PREMISES 

If the Building shall be damaged by fire or other casualty and such damage prevents Tenant from using the Premises in substantially the same
manner as it was used prior to such casualty or damage, and such damage is not repaired by Landlord within ninety (90) days after the date of such fire or casualty (or, in the case of damage the repair of which reasonably requires more than
ninety (90) days, if Landlord has not commenced such repair or is not proceeding with reasonable diligence under the circumstances to complete such required repairs) or if such damage cannot reasonably be repaired or restored within one hundred
eighty (180) days after the date of such fire or casualty, Tenant or Landlord shall have the right to terminate this Lease by written notice to the other delivered not more than one hundred and twenty (120) days following the occurrence of
the damage. If Landlord elects not to seek to repair such damage, but does not simultaneously elect to terminate the Lease, Landlord shall notify Tenant of its election not to repair within thirty (30) days after the date of such fire or
casualty, and Tenant’s right to terminate this Lease shall begin upon receipt of such notice from Landlord. In the event of any such termination, with respect to any portion of the Premises which was not damaged, Tenant shall be required to
comply with all of the other requirements of this Lease relating to the termination, cancellation or expiration of this Lease, including without limitation the requirements of Section 35 relating to surrender of the Premises. From the date of
the casualty until the effective date of such termination, the Rent shall be abated by 

  
 18 

 
multiplying the Rent then due by a fraction the numerator of which shall be the number of square feet of the Premises which is not usable and in fact is not used by Tenant and the denominator of
which shall be the total number of square feet of the Premises. In the event, however, that such damage is due to the negligence or willful misconduct of the Tenant, Tenant’s servants, employees, agents, visitors or licensees, there shall be no
apportionment or abatement of Rent. 
 If the Building shall be damaged by fire or other casualty and neither Tenant nor Landlord elects to
terminate this Lease, as provided above, Landlord, at its sole cost and expense, shall promptly repair or reconstruct the damage to the Building and Tenant, at its cost and expense, shall promptly repair or reconstruct any damage to Tenant’s
leasehold improvements, alterations or modifications to the Premises made after the Commencement Date. Until such time that the damage is substantially repaired, the Rent shall be abated by multiplying the Rent then due by a fraction the numerator
of which shall be the number of square feet of the Premises which is not usable and in fact is not used by Tenant and the denominator of which shall be the total number of square feet of the Premises. In the event, however, that such damage is due
to the gross negligence or willful misconduct of the Tenant, Tenant’s servants, employees, agents, visitors or licensees, there shall be no apportionment or abatement of Rent. 

 

	14.	 CONDEMNATION 

If the Premises or any part thereof shall be taken by any public or private authority through condemnation or eminent domain, Landlord shall
immediately notify Tenant in writing. The entire amount of any condemnation award related to the value of the Premises shall be the property of and payable to Landlord. Nothing herein shall preclude Tenant from pursuing any claims it may have
against the condemning authority based upon the value of its personal property taken or other costs incurred by Tenant (such as relocation costs) associated with such taking of the Premises. 

If such taking reduces the square feet of the Premises by a material amount (whether by a single taking or a series of takings), Tenant or
Landlord may terminate this Lease at any time by written notice to the other to be given within ninety (90) days after the effective date of the taking. As used herein, the term “material amount” means that the portion taken shall, in
the reasonable opinion of either Landlord or Tenant, be so significant that the remaining portion of the Premises cannot be used in substantially the same manner by Tenant as was used prior to such taking. In the event of such termination by Tenant,
with respect to any portion of the Premises which was not taken as part of the condemnation, Tenant shall be required to comply with all of the other requirements of this Lease relating to the termination, cancellation or expiration of this Lease,
including without limitation the requirements of Section 35 relating to surrender of the Premises. 
  

	15.	 CERTAIN RIGHTS RESERVED TO
LANDLORD 

 Landlord reserves the following rights: 

(a)    Pass Keys. To have pass keys to the Premises at all times. 

(b)    Exhibition. On reasonable prior notice to and at all times accompanied by Tenant, and at times which result
in minimal business disruption to Tenant, to exhibit the Premises to prospective tenants and to any prospective purchaser, mortgagee, or assignee of any mortgage on the Premises and to others having a legitimate interest during the Lease Term. 

  
 19 

 (c)    Access for Repairs. At any time and without notice in the
event of an emergency, and otherwise upon reasonable prior notice and at reasonable times, to enter and/or to cause its representatives to enter onto the Premises to take any and all measures, including inspections, repairs, alterations, additions
and improvements to the Premises, as may be necessary or desirable for the safety, protection or preservation of the Premises, the Building or the land on which the Building is located, or Landlord’s interests, or as may be necessary or
desirable in the operation or improvement of the Premises, the Building s or the land on which the Building is located, or in order to comply with all laws, orders and requirements of governmental or other authority. In the event Landlord exercises
its rights to access pursuant to this Section 15(c), Tenant shall accompany Landlord or its representatives at all times, except in case of emergency. If Landlord requires access in the event of an emergency, Landlord acknowledges that Premises
will be alarmed. 
 (d)    Other Access. At any time and without notice (and without accompaniment) in the event
of an emergency, and otherwise upon reasonable prior notice and at reasonable times while accompanied by Tenant at all times, to enter onto the Premises to inspect or repair any portions of the Premises which are used by Landlord in connection with
the continuing operation of its business. If Landlord requires access in the event of an emergency, Landlord understands that Premises will be alarmed. 

(e)    Landlord Acknowledgement. Landlord acknowledges that its rights of reentry into the Premises set forth in
this Lease do not confer on it the authority to manufacture and/or dispense on the Premises medical marihuana in accordance with Article 33 of the Public Health Law and agrees to provide the New York State Department of Health, Mayor Erastus Corning
2nd Tower, The Governor Nelson A. Rockefeller Empire State Plaza, Albany, N.Y. 12237, with notification by certified mail of its intent to reenter the Premises or to initiate dispossess proceedings or that the Lease is due to expire, at least thirty
(30) days prior to the date on which Landlord intends to exercise a right of reentry or to initiate such proceedings or at least 60 days before expiration of the Lease. 
  

	16.	 LANDLORD’S REMEDIES 

All rights and remedies of Landlord herein enumerated shall be cumulative, and none shall exclude any other right or remedy allowed by law. In
addition to the other remedies in this Lease provided, Landlord shall be entitled to the restraint by injunction of any material violation or attempted material violation of any of the covenants, agreements or conditions of this Lease, subject to
any applicable written notice and opportunity to cure and further provided that the nature of the material violation is one that could reasonably be expected to endanger the health or safety of the Building occupants or occupants of any adjoining
buildings. 
 (a)    Bankruptcy; Re-organization. If Tenant shall
(i) apply for or consent to the appointment of a receiver, trustee or liquidator of Tenant or of all or a substantial part of its assets, (ii) admit in writing its inability to pay its debts as they come due, (iii) make a general
assignment for the benefit of creditors, (iv) file a petition or an answer seeking reorganization or arrangement with creditors or to take advantage of any insolvency law other than the federal Bankruptcy Code, or (v) file an answer
admitting the material allegations of a petition filed against Tenant in any reorganization or insolvency proceeding, other than a proceeding commenced pursuant to the federal Bankruptcy Code, or if any order, judgment or decree shall be entered by
any court of competent jurisdiction, except for a bankruptcy court or a federal court sitting as a bankruptcy court, 

  
 20 

 
adjudicating Tenant insolvent or approving a petition seeking reorganization of Tenant or appointing a receiver, trustee or liquidator of Tenant or of all or a substantial part of its assets, and
Tenant is unable to restore its financial position, stay any bankruptcy proceeding or cure any of the aforementioned events of default within sixty (60) days after such occurrence, then, in any such event and upon the passage of sixty
(60) days thereafter, Landlord may give to Tenant a written notice of intention to end the Lease Term specifying a day not earlier than ten (10) days thereafter, and upon the giving of such notice the Lease Term and all right, title and
interest of Tenant hereunder shall expire as fully and completely on the day so specified as if that day were the date herein specifically fixed for the expiration of the Lease Term. 

(b)    Default in Tenant Obligations. If Tenant defaults in the payment of Rent and such default continues for five
(5) days after written notice, or, except as otherwise provided in this Section 16 hereof, defaults in the prompt and full performance of any other provision of this Lease and such default continues for thirty (30) days after written
notice, or if such default cannot be cured within thirty (30) days, Tenant does not commence to cure such default within thirty (30) days and diligently pursue the same to completion thereafter, or if the leasehold interest of Tenant be
levied upon under execution or be attached by process of law and such levy or attachment is not removed or bonded within thirty (30) days thereafter, or if Tenant ceases to pay Rent hereunder for a period in excess of thirty (30) days,
then and in any such event Landlord may, at its election, either terminate the Lease and Tenant’s right to possession of the Premises, or without terminating this Lease, endeavor to relet the Premises. Nothing herein shall be construed so as to
relieve Tenant of any obligation, including the payment of Rent, as provided in this Lease, provided that if Landlord relets all or any portion of the Premises, all rent and additional rent collected by Landlord pursuant to such reletting shall be
applied against any ongoing obligation of Tenant hereunder for the payment of Rent. 
 (c)    Surrender of
Possession; Landlord’s Right to Re-Enter. Upon any valid termination of this Lease, Tenant shall surrender possession and vacate the Premises immediately, and deliver possession thereof to Landlord,
all in the manner that the Premises is to be surrendered as provided in Section 35 hereof, and hereby grants to Landlord full and free license to enter into and upon the Premises to repossess Tenant of the Premises as of Landlord’s former
estate and to expel or remove Tenant and any others who may be occupying or within the Premises and to remove any and all property therefrom, using such force as may be reasonably necessary, without being deemed in any manner guilty of trespass,
eviction or forcible entry or detainer, and without relinquishing Landlord’s right to Rent or any other right given to Landlord hereunder or by operation of law, except as otherwise expressly provided herein. Any costs incurred by Landlord in
connection with Landlord’s re-entry into the Premises, Landlord’s removal of Tenant’s property therefrom, and Landlord’s performance of any obligations of Tenant under Section 35
hereof in connection with such re-entry, shall be payable by Tenant to Landlord as Additional Rent hereunder. 

(d)    Damages and Acceleration. If Landlord elects to terminate this Lease for any of the reasons specified in
this Section 16 of the Lease, it being understood that Landlord may elect to terminate the Lease after and notwithstanding its election to terminate Tenant’s right to possession as in Section 16(b) Landlord shall forthwith upon such
termination be entitled to recover as damages and not as a penalty, an amount equal to the then present value of the Rent provided in this Lease for the residue of the stated Lease Term, less the present value of the fair rental value of the
Premises for the residue of the stated Lease Term. The discount rate used to calculate present value shall be five percent (5%). 

  
 21 

 (e)    Landlord’s Right to Perform Tenant’s
Obligations. Tenant agrees that if it shall at any time fail to make any material payment to a third party other than Landlord or its designee or fail materially to perform any other act on its part to be made or performed under this Lease
beyond any applicable notice and cure period, Landlord may, but shall not be obligated to, and after reasonable written notice or demand and without waiving, or releasing Tenant from, any obligation under this Lease, make such payment or perform
such other act to the extent Landlord may deem desirable, and in connection therewith, Landlord may pay expenses and employ counsel. If legal action is required to enforce performance by Tenant of any condition, obligation or requirement hereunder,
the costs of such action including reasonable attorneys’ fees will be paid solely by the party not prevailing in such action. All sums so paid by Landlord and all expenses incurred by Landlord in connection therewith (provided that Landlord is
the prevailing party in any such legal action), together with interest thereon at the maximum rate permitted by law from the date of payment, shall be deemed Additional Rent hereunder and payable at the time of any installment of Rent thereafter
becoming due and Landlord shall have the same rights and remedies for the non-payment thereof, or of any other Additional Rent, as in the case of default in the payment of Rent. 

(f)    Tenant’s Personal Property. Any and all property to which Tenant is or may be entitled which may be
removed from the Premises by Landlord pursuant to the authority of the Lease or of applicable law upon termination of the Lease or upon default by Tenant after any applicable notice and cure period, may be handled, removed or stored by Landlord at
the risk, cost and expense of Tenant, and Landlord shall in no event be responsible for the value, preservation or safekeeping thereof. Tenant shall pay to Landlord, upon demand, any and all expenses incurred in such removal and all storage charges
against such property. Any such property of Tenant not removed from the Premises or retaken from storage by Tenant within thirty (30) days after the end of the Lease Term or of Tenant’s right to possession of the Premises, however
terminated, shall be conclusively deemed to have been forever abandoned by Tenant and either may be retained by Landlord as its property or may be disposed of in such manner as Landlord may see fit. 

 

	17.	 LATE CHARGE 

In the event Tenant fails on two separate occasions in any one calendar year during the Term to pay any installment of Base Rent or Additional
Rent on the day when due and payable, then during the balance of the Term and with respect to any subsequent installment of Rent not received by Landlord by the fifth (5th) business day after the due date, a late charge will be due and owing in an
amount equal to five percent (5%) of the then unpaid monthly Base Rent or Additional Rent. Such late charge shall be billed by Landlord to Tenant with the Rent for the calendar month next following and shall be paid by Tenant together with the Rent
due for such month. 
  

	18.	 SUBORDINATION OF LEASE 

The rights of Tenant under this Lease shall be and are subject and subordinate at all times to all ground leases, and/or underlying leases, if
any, now or hereafter in force against the Premises, and to the lien of any mortgage or mortgages now or hereafter in force against such leases and/or the Premises, and to all advances made or hereafter to be made upon the security thereof, and to
all renewals, modifications, consolidations and replacements thereof. This Section 18 is self-operative and no further instrument of subordination is required. In confirmation of such subordination, however, Tenant shall promptly execute such
further instruments as may be reasonably requested by Landlord, provided that no such document increases, in any material respect, Tenant’s monetary 

  
 22 

 
obligations or liability under the Lease or decreases, in any material respect, Tenant’s rights under the Lease. Tenant, at the option of any mortgagee, agrees to attorn to such mortgagee in
the event of a foreclosure sale or deed in lieu thereof. In the event that there are any future mortgages which will encumber the Premises, Landlord shall use its commercially reasonable efforts to provide Tenant with a non-disturbance agreement in a form reasonably acceptable to Tenant but any costs associated with same shall be paid by Tenant. 
  

	19.	 ENVIRONMENTAL RESPONSIBILITIES 

(a)    Indemnification. To the extent that any violation of applicable Environmental Law (as hereinafter defined) or
the environmental condition requiring remediation under such law arose out of Tenant’s use of or operation at the Premises occurring after the Commencement Date, Tenant shall indemnify, defend and hold Landlord, its affiliates, and, if
applicable, their respective directors, officers, shareholders, partners, attorneys, accountants, agents and employees and their heirs, successors and assigns harmless from and against any claims, losses, liabilities, charges, actions, suits,
proceedings, deficiencies, taxes, interest, penalties and reasonable costs and expenses (including, without limitation, reasonable attorneys’ fees, removal costs, remediation costs, closure costs, fines, penalties and expenses of investigations
and ongoing remediation) arising from (i) any violation or alleged violation of applicable Environmental Law, including, without limitation, any operations, actions or omissions by Tenant which would cause the Building or the site in which the
Building or the Premises is located as a whole (or any part thereof) to be out of compliance with any such Environmental Law, or (ii) any requirement to remediate under applicable Environmental Law (arising during the Lease Term or thereafter)
any environmental condition to the extent arising out of Tenant’s use of or operations at the Premises imposed or required by either a governmental authority having appropriate jurisdiction thereof, including without limitation those
requirements imposed under CERCLA or by a third party. 
 (b)    Reporting Requirements. Tenant agrees to
promptly report to Landlord (and, as required by law, to any regulatory agency) any release at the Premises by Tenant at the time Tenant first becomes aware thereof of any hazardous substance as defined in or required to be reported under any
federal, state and local laws, including, but not limited to, CERCLA and any other release which is required to be reported under Landlord’s written protocol for the reporting of such releases at the Building or the site within which the
Premises is located, as such written protocol is modified from time to time and which protocol has been delivered to Tenant. In addition, Tenant shall provide Landlord, with copies of any and all material correspondence between Tenant and any
environmental regulatory agencies of any federal, state or local governmental authorities relating to a violation or alleged violation of applicable Environmental Law. Tenant shall not perform any environmental testing or remediation at or of the
Premises without obtaining Landlord’s prior written consent, which Landlord may withhold in its sole discretion; provided, however, that nothing herein shall prevent Tenant from complying with applicable law or requirements of any governmental
agency. Any testing required of Tenant under the proviso in the immediately preceding sentence shall, at Landlord’s option, be subject to Landlord’s control. Tenant shall provide Landlord with a complete copy of the results of any such
tests and any reports analyzing such results. Notwithstanding any other provision in this Lease, Tenant shall have the right to possess reasonable amounts of a substance which may otherwise be defined as hazardous in the event such substance is used
for rodent or pest control, provided that all such possession, use, storage and disposal of same must be in full compliance with all applicable Laws. 

  
 23 

 (c)    Environmental Permits. Tenant, at Tenant’s sole cost
and expense, shall be responsible to obtain and maintain in place all permits and notifications required by applicable Environmental Law with respect to waste, air emissions or other materials discharged as a result of any of Tenant’s
manufacturing or other processes conducted at the Premises. Tenant shall provide to Landlord, within ten days of a request by Landlord, all information reasonably requested by Landlord with respect to such permits. Tenant shall also notify Landlord
within ten days of any changes made to any such permits currently in force or obtained by Tenant in the future. 

(d)    Survival. The provisions of this Section 19 shall survive the expiration or earlier termination of this
Lease. 
 (e)    Environmental Law Defined. “Environmental Law” means any Law concerning the protection
of human health as it relates to Hazardous Substances exposure, the environment, worker safety as it relates to Hazardous Substance exposure, or the use, storage, recycling, treatment, generation, transportation, arrangement for transportation,
processing, handling, labeling, management, release or disposal of any Hazardous Substance. 
 (f)    Hazardous
Substance Defined. “Hazardous Substance” means any substance that is listed, defined, designated or classified as hazardous, toxic or otherwise harmful or as a pollutant or contaminant under applicable Environmental Laws including
petroleum products and byproducts, asbestos-containing material, polychlorinated biphenyls and radon. 
 (g)    Law
Defined. “Law” means any law, statute, ordinance, rule, regulation, code, order, judgment, injunction or decree enacted, issued, promulgated, enforced or entered by a government entity or self-regulatory organization. Notwithstanding
any other statement to the contrary herein, for the purposes of this Lease only, Tenant shall not be required to comply with any federal law which prohibits Tenant’s Medical Marihuana Uses indicated herein. However, nothing contained herein
shall be construed as Landlord agreeing to breach any federal laws and nothing contained herein shall cause Landlord to bear any liability or responsibility for any breach of any federal laws by Tenant. 

 

	20.	 INTENTIONALLY DELETED 

 

	21.	 LANDLORD’S ACCESS AND
ASSESSMENT RIGHTS 

 (a)    Landlord’s Right of Access for
Health, Safety and Environmental Compliance. Landlord shall have the right to enter on the Premises and any part thereof, after reasonable prior notice and at reasonable times and at all times (except in emergencies) accompanied by Tenant or its
agents, employees, directors, officers, or servants, to engage in any activities reasonably required by Landlord to ensure the compliance of the Premises with applicable health, safety and/or environmental laws, regulations, licenses and permits and
any State or Federal order or agreement entered into by Landlord relating to the Premises, including the performance of any such activities required to be performed by Tenant hereunder or under applicable laws or regulations. Landlord shall use all
reasonable efforts to minimize any disruption to Tenant’s business. In the event of a release or other health, safety or environmental emergency at the Premises, Landlord shall have the right to enter the Premises for purposes of responding to
such release or emergency without giving Tenant notice in advance. If Landlord is required by law, regulation, ordinance or any order of any governmental authority to grant to any federal, state or local government, or agency thereof, access to the
Premises, then such government or governmental agency shall have such right of access, 

  
 24 

 
accompanied at all times (except in emergencies) by Tenant or its agents, employees, directors, officers, or servants, notwithstanding anything to the contrary in the Lease, and the exercise of
such access right shall not constitute a breach of this Lease or an eviction from the Premises. 

(b)    Landlord’s Rights to Perform Health, Safety and Environmental Assessments of the Premises. Landlord,
acting through its employees, agents or contractors, shall have the right to enter upon the Premises for the purpose of conducting a health, safety and environmental assessment of all or any part thereof, provided Landlord gives reasonable prior
notice to Tenant and is accompanied at all times (except in emergencies) by Tenant or its agents, employees, directors, officers, or servants. To the extent Landlord in its sole discretion does not claim an enforceable attorney-client privilege for
any reports of such assessment, copies of any reports prepared by Landlord summarizing the results of such assessment shall be made available to Tenant. Tenant shall notify Landlord reasonably in advance of any scheduled or unscheduled visit to or
inspection of the Premises or any other portion thereof by representatives of any federal, state or local regulatory agency, and Tenant and Landlord shall supply to each other copies of any correspondence which either may have with any such
regulators relating to noncompliance or subsurface contamination issues at the Premises. Landlord shall have no liability to Tenant, its employees, agents or any other party, associated with Landlord’s performance of any assessment conducted by
or on behalf of Landlord as contemplated herein, except for any negligence or willful misconduct of Landlord or Landlord’s agents or contractors and neither shall Landlord have any responsibility to actually conduct an assessment at any time
during the Lease Term, and Landlord shall have no liability to Tenant, its employees, agents or any other party for the failure of Landlord to conduct any such assessment. 

(c)    Inspection of Premises. Landlord and its authorized representatives, at all times accompanied by Tenant,
shall have the right, at any time (but without notice and unaccompanied by Tenant in the event of an emergency) upon reasonable prior notice and at reasonable times, to enter and/or to cause its representatives to enter onto the Premises or any part
thereof, to engage in any activities deemed reasonably necessary by Landlord including, but not limited to, inspections, measurements, repairs, alterations, additions and improvements to the Premises, as may be necessary or desirable for the safety,
protection or preservation of the Premises or Landlord’s interests, or as may be necessary or desirable in the operation or improvement of the Premises or in order to comply with all laws, orders and requirements of governmental or other
authority. Landlord shall attempt to minimize any disruption to Tenant’s business. The exercise of the access rights granted to Landlord and its representatives hereunder shall not constitute a breach of this Lease or an eviction from the
Premises. 
  

	22.	 NOTICES AND CONSENTS 

All notices, demands, requests, consents or approvals (collectively, “Notice”) which may or are required to be given by either party
to the other shall be in writing and shall be deemed given if by personal delivery upon the party for whom it is intended on the day so delivered, if delivered by registered or certified mail, return receipt requested, on the third business day

  
 25 

 
following such mailing, if delivered by a national courier service on the next business day following such mailing, any such Notice mailed or delivered to the following: 

if to Tenant: 
 Columbia Care
NY, LLC 
 24 West 25th Street,
6th Floor 
 New York, NY 10010 

Attention:  Michael Abbott 

if to Landlord: 
 Eastman Kodak
Company 
 343 State Street 

Rochester, New York 14650-0207 

Attention:  Real Estate Lease Management Office 

with a copy to: 
 Eastman Kodak
Company 
 343 State Street 

Rochester, New York 14650-0205 

Attention:  General Counsel 

The parties may by written notice to the other designate a different person or entity to receive notices hereunder and/or a different address
or addresses. If the term Tenant as used in this Lease refers to more than one person any Notice given as aforesaid to any one of such persons shall be deemed to have been duly given to Tenant. 

 

	23.	 LOCKS AND KEYS 

Upon notice to and consent from Landlord (which consent shall not be unreasonably withheld, conditioned or delayed), Tenant shall be permitted
to attach or install any lock or similar device to any exterior door or window at the Premises or in the Building, in order to remain in compliance with any statutes, laws, rules, or regulations applicable to Tenant’s Permitted Use referenced
in Section 3 herein. No additional locks or similar devices shall be attached to any exterior door or window at the Premises or in the Building without Landlord’s prior written consent and no keys for any exterior door other than those
provided by Landlord shall be made. If Landlord consents to the installation of additional locks or similar devices, Tenant shall provide Landlord with copies of keys, electronic access or other access through such devices to be used only in the
event Landlord requires access in an emergency. If more than two keys for one lock are desired, Landlord will provide same upon payment by Tenant. All keys must be returned to Landlord at the expiration or termination of this Lease. 

 

	24.	 INVALIDITY OF PARTICULAR PROVISIONS

 If any clause or provision of this Lease is or becomes illegal, invalid, or unenforceable because of present or
future federal (excepting only federal laws applicable to Medical Marihuana Uses), state or local law or any rule or regulation of any federal (excepting only federal laws applicable to Medical Marihuana Uses),state or local governmental body or
entity, effective during the Lease Term, the intention of the parties hereto is that the remaining parts of this Lease shall not be affected thereby unless such invalidity is essential to the rights of either party in which event a suitable and
equitable provision shall be substituted therefore in order to carry out, so far as may be 

  
 26 

 
valid and enforceable, the intent and purpose of such invalid or unenforceable provision and the remainder of this Lease and the application of such provision shall not be affected by such
invalidity or unenforceability. 
  

	25.	 CONFIDENTIALITY 

In the course of performance under this Lease, either party or its employees may receive information from the other party which is identified
by the disclosing party as confidential, is prominently marked as confidential or which the receiving party otherwise knows or has reason to know is confidential information of the disclosing party. The receiving party shall take all reasonable
steps to safeguard such confidential information and shall not disclose it to others except with the written consent of the disclosing party or to the extent that such disclosure is required by law, in which case the receiving party shall first
notify the disclosing party of the legal requirement so that the disclosing party may seek to take action to challenge the application of such legal requirement. 
  

	26.	 MISCELLANEOUS TAXES 

Tenant shall pay prior to delinquency all taxes assessed against or levied upon its occupancy of the Premises, or upon the fixtures,
furnishings, equipment and all other personal property of Tenant located in the Premises other than those furnished and paid for by Landlord, if nonpayment thereof shall give rise to a lien on the real estate, and when possible Tenant shall cause
said fixtures, furnishings, equipment and other personal property to be assessed and billed separately from the property of Landlord. In the event any or all of Tenant’s fixtures, furnishings, equipment and other personal property, or upon
Tenant’s occupancy of the Premises, shall be assessed and taxed with the property of Landlord, Tenant shall pay to Landlord its share of such taxes within twenty (20) days after delivery to Tenant by Landlord of a statement in writing
setting forth the amount of such taxes applicable to Tenant’s occupancy or fixtures, furnishings, equipment or personal property. Landlord shall pay any and all real estate taxes assessed and levied against the Premises, in each case prior to
the respective delinquency dated thereof. If such taxes may be paid in installments, Landlord shall have the right to do so. 
  

	27.	 BROKERAGE 

Except for CB Richard Ellis/Rochester NY, LLC (the “Broker”) Tenant and Landlord represent and warrant that they have dealt with no
other broker, agent or other real estate sales person in connection with this Lease and that no other broker, agent or such other person brought about this transaction. Tenant and Landlord agree to indemnify and hold each other harmless from and
against any claims by any other broker, agent or other real estate sales person claiming a commission or other form of compensation by virtue of this Lease or of having dealt with Tenant or Landlord with regard to this leasing transaction and should
a claim for such commission or other compensation be made it shall be promptly paid or bonded by the party who has dealt with the person or entity making such claim. The provisions of this Section 27 shall survive the termination of this Lease.
Landlord shall pay the Broker pursuant to the terms of a separate agreement. 

  
 27 

	28.	 FORCE MAJEURE 

Except as to the payment of Rent or other monies due under this Lease, neither party shall be responsible for delays or inability to perform
its obligations hereunder for causes beyond the reasonable control of such party including acts of other tenants, governmental restriction, regulation or control, labor dispute, accident, mechanical breakdown, shortages or inability to obtain labor,
fuel, steam, water, electricity or materials, acts of God, enemy action, civil commotion, or fire or other casualty which are beyond the reasonable control of such party. 
  

	29.	 PARKING. 

Landlord will provide three (3) parking spaces along the east side of the Building, within the EBP Secure Area, and two (2) spaces in the building 26
north side parking lot, within the EBP Secure Area. Landlord will also provide Drive-in Passes for these five (5) parking spaces. Additionally, an initial quota of one hundred (100) parking spaces
will be made available to Tenant for its use and the use by its employees, invitees and guests in Parking Lot 46, located on the east side of Lake Avenue, outside the EBP Secure Area. The parking areas described herein are shown on Exhibit B
attached hereto and made a part hereof. Any use of the parking areas shall be in strict compliance with all reasonable rules and regulations of Landlord, provided that such rules are consistently applied to Tenant and other occupants of the
Building, shall be at the cost per parking space (if any) established from time-to-time by Landlord and consistently applied to Tenant and other occupants of the
Building, and shall be expressly at the sole risk of Tenant and its employees, invitees, and guests. 
  

	30.	 INDEMNIFICATION 

Subject to the provisions of Section 19, which shall control to the extent applicable: 

(a)    By Tenant. Except to the extent caused by the negligence or misconduct of Landlord or to the extent of the
claims otherwise waived by Landlord in Section 8 hereof, Tenant covenants and agrees, at its sole cost and expense, to indemnify, protect, defend and save harmless Landlord from and against any and all damages, losses, liabilities, obligations,
penalties, claims, litigation, demands, defenses, judgments, suits, actions, proceedings, costs, disbursements and/or expenses (including, without limitation, reasonable attorneys’ and experts’ fees, expenses and disbursements) of any kind
or nature whatsoever which may at any time be imposed upon, incurred by or asserted or awarded against Landlord, its affiliates and, if applicable, their respective directors, officers, shareholders, partners, attorneys, accountants, agents and
employees and their heirs, successors and assigns relating to, resulting from or arising out of (i) any act or omission by Tenant or its employees, contractors, subcontractors, agents or guests, (ii) any breach or default by Tenant in
performance or observance of its representations, warranties, covenants or obligations under this Lease, and (iii) Tenant’s possession, operation, maintenance, repair of the Premises or the failure of Tenant to operate, maintain or repair
the Premises, in each case to the extent required hereunder. 
 (b)    By Landlord. Except to the extent caused
by the negligence or misconduct of Tenant and except to the extent of the claims otherwise waived by Tenant in Section 8 hereof, and except as otherwise set forth in Section 5 hereof, Landlord covenants and agrees, at its sole cost and
expense, to indemnify, protect, defend and save harmless Tenant from and against any and all damages, losses, liabilities, obligations, penalties, claims, litigation, demands, defenses, judgments, suits, actions, proceedings, costs, disbursements
and/or expenses (including, without limitation, 

  
 28 

 
reasonable attorneys’ and experts’ fees, expenses and disbursements) of any kind or nature whatsoever which may at any time be imposed upon, incurred by or asserted or awarded against
Tenant, its affiliates and, if applicable, their respective directors, officers, shareholders, partners, attorneys, accountants, agents and employees and their heirs, successors and assigns relating to, resulting from or arising out of (i) any
breach or default by Landlord in performance or observance of its representations, warranties, covenants or obligations under this Lease, (ii) any act or omission by Landlord or its employees, contractors, subcontractors, agents or guests, or
(iii) Landlord’s maintenance and repair of the Premises or the failure of Landlord to maintain or repair the Premises, in each case to the extent required hereunder. 

(c)    Indemnification Limitations. The foregoing indemnification of Landlord set forth above shall be expressly
inapplicable to and have no force and effect with respect to the Security Services to be provided by Landlord to the Building pursuant to the terms herein and shall be further expressly inapplicable to and have no force and effect with respect to
the Emergency Services and/or Fire Protection Services to be provided by Landlord to the Building pursuant to the terms herein. With respect to Emergency Services, Fire Protection Services and Security Services, Landlord agrees to make reasonable
efforts to provide all such necessary Emergency Services, Fire Protection Services and/or Security Services at or to the Building. However, Tenant hereby expressly agrees to hold Landlord harmless from and against any failure to provide,
successfully deliver or otherwise deliver any and all such Emergency Services, Fire Protection Services and Security Services at or to the Building. It is understood, agreed and expressly bargained for between the parties to this Lease, that the
failure of Landlord to provide and/or successfully deliver any or all such Emergency Services, Fire Protection Services and/or Security Services shall result in no liability to or responsibility of Landlord, its affiliates and, if applicable, their
respective directors, officers, shareholders, partners, attorneys, accountants, agents and employees and their heirs, successors and assigns for any claims, losses, damages, costs, expenses, fees (including, but not limited to expert and
attorneys’ fees), charges, injuries or damage to persons or property howsoever and wheresoever caused. 

(d)    Consequential Damages. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS LEASE, IN NO EVENT SHALL
EITHER PARTY BE LIABLE TO THE OTHER UNDER THE TERMS OF OR AS A RESULT OF THE VIOLATION OF THIS LEASE, INCLUDING WITHOUT LIMITATION A VIOLATION BY LANDLORD OF ITS DUTIES WITH RESPECT TO THE PERFORMANCE OF SERVICES PURSUANT TO SECTION 5 HEREOF, FOR
ANY INDIRECT, CONSEQUENTIAL OR INCIDENTAL DAMAGES, INCLUDING LOSS OF GOODWILL OR LOSS OF PROFITS. 
  

	31.	 SPECIAL STIPULATIONS 

(a)    No Extension. No receipt of money by Landlord from Tenant after the termination of this Lease or after the
service of any notice or after the commencement of any suit or after final judgment for possession of the Premises shall reinstate, continue or extend the Lease Term or affect any such notice, demand or suit or imply consent for any action for which
Landlord’s consent is required. 
 (b)    No Waiver. No waiver of any default of Tenant or of Landlord
hereunder shall be implied from any omission by Landlord or Tenant, as the case may be, to take any action on account of such default if such default persists or be repeated, and no express waiver shall affect any default other than the default
specified in the express waiver and that only for the time and to the extent therein stated. 

  
 29 

 (c)    Landlord. The term “Landlord” as used in this
Lease, so far as covenants or agreements on the part of the Landlord are concerned, shall be limited to mean and include only the owner or owners of Landlord’s interest in this Lease at the time in question, and in the event of any transfer or
transfers of such interest, Landlord herein named (and in case of any subsequent transfer, the then transferor) shall be automatically freed and relieved from and after the date of such transfer from any or all damages, claims or liabilities arising
from actions or events occurring after the date of such transfer. Notwithstanding anything to the contrary provided or implied elsewhere in this Lease, Tenant agrees that there shall be no personal liability on the part of Landlord arising out of
any default by Landlord under this Lease, and that Tenant (and any person claiming by, through or under Tenant) shall look solely to the equity interest of Landlord in and to the Building for the enforcement and satisfaction of any defaults by
Landlord hereunder, and that Tenant shall not enforce any judgment or other judicial decree requiring the payment of money by Landlord against any other property or assets of Landlord, and at no time shall any other property or assets of Landlord,
or of Landlord’s principals, partners, members, shareholders, directors or officers, be subject to levy, execution, attachment or other enforcement procedure for the satisfaction of Tenant’s (or such person’s) remedies under or with
respect to this Lease, the relationship of Landlord and Tenant hereunder or Tenant’s use or occupancy of the Premises; such exculpation of personal liability to be absolute and without any exception. 

(d)    Waiver of Trial by Jury. It is mutually agreed by and between Landlord and Tenant that the respective
parties hereto shall and they hereby do waive trial by jury in any action, proceeding or counterclaim brought by either of the parties hereto against the other or any matters whatsoever arising out of or in any way connected with this Lease, the
relationship of Landlord and Tenant, Tenant’s use or occupancy of the Premises, and any emergency statutory or other statutory remedy. 

(e)    Waiver of Right of Redemption. Tenant hereby expressly waives any and all rights of redemption granted by or
under any present or future laws in the event of Tenant being dispossessed or removed from the Premises because of default by Tenant pursuant to the covenants or agreements contained in this Lease. 

(f)    Review of Lease. The parties acknowledge that each party and its respective counsel have reviewed this Lease
and that no rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall be employed in the interpretation of this Lease or any amendment or exhibits hereto. 

 

	32.	 QUIET ENJOYMENT 

Except as otherwise provided herein, so long as Tenant shall observe and perform the covenants and agreements binding on it hereunder and shall
not be in default beyond any applicable grace period, Tenant shall at all times during the Lease Term peacefully and quietly have and enjoy possession of the Premises without any encumbrance or hindrance by, from or through Landlord. 

  
 30 

	33.	 ESTOPPEL CERTIFICATE 

Landlord and Tenant agree that from time to time upon not less than fifteen (15) days prior request of the other, to deliver to the party
making the request a statement in writing certifying (a) that this Lease is unmodified and in full force and effect (or if there have been modifications that the same is in full force and effect as modified and identifying the modification), (b) the
dates to which the Rent and other charges have been paid, and (c) that, so far as the person making the certificate knows, the other party is not in default under any provision of this Lease, or if such were not to be the fact, then certifying
such default of which the person making the certificate may have knowledge, it being understood that any such certificate so delivered may be relied upon by any landlord under any ground or underlying lease, or any prospective purchaser, lender,
mortgagee, or any assignee of any mortgage on the Premises or any party purchasing the assets of Landlord or Tenant, as the case may be, or acquiring the same by merger, succession or otherwise. Notwithstanding the foregoing, Tenant shall have no
right to assign this Lease or permit the use or occupancy of the Premises except in strict accordance with the provisions of this Lease. 
  

	34.	 SURVIVAL OF THE PARTIES’
OBLIGATIONS 

 Except with respect to the duties, responsibilities, obligations and indemnities
described in Section 19 of this Lease, all obligations, indemnities, covenants, agreements and warranties (the “Responsibilities”) of Tenant and Landlord hereunder to the extent that they require action prior to the termination or
earlier cancellation of this Lease shall survive the expiration or earlier termination of this Lease, such that to the extent that Tenant or Landlord shall have failed to perform or comply with any of such Responsibilities prior to such expiration
or earlier cancellation, such party’s obligation to complete and perform such Responsibility arising prior to such expiration or cancellation date shall in no way be eliminated or affected by the occurrence of such expiration or cancellation.
Section 19 of this Lease shall not be terminated or cancelled, and shall not expire with the remainder of this Lease, but the parties intend that the duties, responsibilities, obligations and indemnities contained in Section 19 shall
continue to apply after such termination, cancellation or expiration until all of such duties, responsibilities, obligations and indemnities have been fulfilled. 
  

	35.	 SURRENDER OF THE PREMISES

 Upon the Expiration Date, Tenant shall surrender possession of the Premises to Landlord, broom clean and in the same
condition and repair as existed on the Commencement Date, reasonable wear and tear and damage from fire or other casualty excepted. In addition, Tenant shall remove (i) all utility drops, wireways, piping and other similar infrastructure to the
nearest main junction box or shut-off valve, to the extent that any of the foregoing is required to operate Tenant’s equipment at the Premises or otherwise, in connection with the operation of
Tenant’s Business at the Premises,, (ii) all tenant improvements to the Premises made by Tenant after the Commencement Date if so requested by Landlord at the time of Landlord’s consent to such improvement, (iii) all of Tenant’s
equipment and machinery, and (iv) any other personal property owned by Tenant, from the Premises no later than the Expiration Date. In addition, upon such termination, cancellation or expiration of this Lease, Tenant shall be responsible for
the costs of all decertification, closure and post-closure activities which may be required by law or applicable regulatory authority arising from Tenant’s use of the Premises for the conduct of Tenant’s business or Tenant’s surrender
of the Premises. If Tenant shall fail to comply with the requirements of this Section 35 regarding the 

  
 31 

 
removal from the Premises on the Expiration Date of those items referenced in clauses (i) through (iii) herein, Tenant shall be deemed to have failed to vacate the Premises and as a result
shall be subject to the provisions of Section 9 hereof regarding “Holding Over 
  

	36.	 AUTHORITY 

Tenant and Landlord each warrant and represent that their respective representatives executing this Lease have full power and authority to
execute this Lease on behalf of Tenant and Landlord, respectively, and that this Lease, once executed by the signatory of Tenant or Landlord, as the case may be, shall constitute a legal and binding obligation of that party and is fully enforceable
in accordance with its terms. 
  

	37.	 MECHANIC’S LIENS 

Tenant shall indemnify and save harmless Landlord against all loss, liability, costs, reasonable attorneys’ fees, damages or interest
charges as a result of any mechanic’s lien or any other lien filed against the Premises as a result of any act or omission or as a result of any repairs, improvements, alterations or additions made by Tenant or its agents or employees. Tenant
shall, within thirty (30) days of the filing of any such lien and notice given to Tenant, remove, pay or cancel such lien or secure the payment of any such lien or liens by bond or other acceptable security. Landlord, at its option, may, but
shall not be required to, upon expiration of the thirty (30) day period, pay the lien or bond at its discretion without inquiring into the validity thereof, and Tenant shall forthwith reimburse Landlord for the total expense incurred by
Landlord in discharging or bonding the lien as additional rent hereunder, together with interest at the maximum rate permitted by law. 
  

	38.	 MISCELLANEOUS 

(a)    Captions. The captions of this Lease are for convenience and reference only and in no way define, limit or
describe the scope or intent of this Lease, nor in any way affect this Lease. 
 (b)    Exhibits.
EXHIBIT A, EXHIBIT B, EXHIBIT C, EXHIBIT D,
EXHIBIT E, and EXHIBIT F are attached hereto and are part of this Lease. 

(c)    Binding Effect. The covenants and agreements herein contained shall bind and inure to the benefit of
Landlord, its heirs, legal representatives, transferees, successors and assigns, and Tenant, its heirs, legal representatives, permitted transferees, successors and assigns. Notwithstanding the foregoing, Tenant shall have no right to assign this
Lease or permit the use or occupancy of the Premises except in strict accordance with the provisions of this Lease. 

(d)    Capitalized Terms. All capitalized terms not defined in this Lease shall have the meaning assigned to them
herein. 
 (e)    Counterparts. This Agreement may be executed in one or more counterparts, each of which shall
be deemed an original, and all of which shall constitute one and the same Agreement. 
 (f)    Landlord’s
Occupancy of Building. It is understood that Landlord may occupy portions of the Building in the conduct of Landlord’s business. In such event, all references herein to other tenants of the Building shall be deemed to include Landlord as an
occupant. 

  
 32 

	39.	 SECURITY DEPOSIT. 

On or before the Commencement Date, Tenant will deposit with Landlord a sum in an amount of THIRTY ONE
THOUSAND SIX HUNDRED FOUR DOLLARS AND 8 CENTS ($31,604.08), as security for
the full and faithful performance of every provision of this Lease to be performed by Tenant. If Tenant defaults with respect to any provision of this Lease, including but not limited to the provisions relating to the payment of Rent, Landlord may
use, apply or retain all or any part of this security deposit for the payment of any Rent or any other sum in default or for the payment of any other amount which, Landlord may spend or become obligated to spend by reason of Tenant’s default.
If any portion of said deposit is to be used or applied, Tenant shall, within five (5) days after written demand therefor, deposit cash with Landlord in an amount sufficient to restore the security deposit to its original amount and
Tenant’s failure to do so shall be a breach of this Lease. Landlord shall not, unless otherwise required by law, be required to keep this security deposit separate from its general funds. If Tenant shall fully and faithfully perform every
provision of this Lease to be performed by it, the security deposit or any balance thereof shall be returned to Tenant (or, at Landlord’s option, to the last transferee of Tenant’s interest hereunder) at the expiration of the Lease term
(or earlier termination pursuant to Section 2 herein) and upon Tenant’s vacation of the Premises. In the event the Building is sold, the security deposit will be transferred to the new owner. 

 

	40.	 GUARANTY. 

Columbia Care, LLC will agree to guaranty both payment and performance of all terms covenants and conditions imposed upon Tenant pursuant to
the terms of this Lease in accordance with the Commercial Lease Guaranty attached hereto as EXHIBIT F and made a part hereof. 

[remainder of Page is Intentionally Blank] 

  
 33 

 IN WITNESS WHEREOF, Landlord and Tenant
have respectively signed this Lease as of the day and year first above written. 
  

					
		 	EASTMAN KODAK COMPANY, LANDLORD
	

	 	
		 	 By:
  
	 	  

		 	Name:	 	  

		 	Title	 	  

		
		 	COLUMBIA CARE NY, LLC, TENANT
			
		 	By:	 	  

		 	Name:	 	  

		 	Title	 	  

  
 34 

 EXHIBIT A 

Floor Plans Showing Location of Premises 

  
 35 

 Exhibit “A” 

Eastman Business Park 
 Building
12, Floor 4 
 (58,346 SF) 
  

 

 EXHIBIT B 

Map Showing Location of Building 

(including designated parking areas) 

  
 36 

 

 

 EXHIBIT C 

Floor Plans of Space Subject To Tenant’s Expansion Rights 

 Exhibit “C” 

Eastman Business Park 
 Building
12, Floor 3 
 (58,389 SF) 
  

 

 Exhibit “C” 

Eastman Business Park 
 Building
12, Floor 5 
 (58,005 SF) 
  

 

 Exhibit “C” 

Eastman Business Park 
 Building
12, Floor 6 
 (33,576 SF) 
  

 

 EXHIBIT D 

Utility Services Charges 
 The below table
represents the estimated utility rates that Tenant will be charged for each listed utility service. These rates are inclusive of all taxes, and delivery and service fees. 

It is understood that the below rates will vary from month to month depending on actual costs charged to Landlord by the
on-site utility company RED-Rochester, LLC which provides utility services to Eastman Business Park. 

At the end of each calendar year during the Lease Term, the table contained in this EXHIBIT D will be updated and the
updated copy will be provided to Tenant setting forth the estimated utility rates for the upcoming year. 
 2015 Planned Utilities Rates

  

							
	 Services Kodak
	  	 Units
	  	Rates	 
	 LP Steam
	  	per million BTU	  	$	15.26	 
	 70 Steam
	  	per million BTU	  	$	17.34	 
	 260 Steam
	  	per million BTU	  	$	19.90	 
	 Chilled Water
	  	per ton-day	  	$	5.29	 
	 Electric
	  	per megawatt-hr	  	$	88.57	 
	 Compressed Air
	  	per thousand scf	  	$	0.65	 
	 Demin Water
	  	per thousand gallon	  	$	21.66	 
	 HP Water
	  	per thousand gallon	  	$	39.41	 
	 Nitrogen
	  	per thousand scf	  	$	3.76	 
	 Process Water
	  	per thousand gallon	  	$	1.28	 
	 Potable Water
	  	per thousand gallon	  	$	4.79	 
	 Fire Access
	  	per square foot	  	$	0.01	 
	 WWT & Sewer
	  	per thousand gallon	  	$	4.86	 
	 Water Franchise Fee
	  	per thousand gallon	  	$	0.13	 

 EXHIBIT E 

Site Requirements 

 

 
 Rochester Site Requirements 

for 
 Tenants 

EASTMAN KODAK COMPANY 

 

The Rochester Site Requirements Document is a controlled document. 

No changes can be made. 

Editor: Site Contracting Office 

November - 2013 

 Eastman Kodak Company 

Rochester Site Requirements for Tenants 
 November, 2013 

 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	PAGE	 
	 1.0
	 	 INTRODUCTION
	  	 	3	 
	 2.0
	 	 DEFINITIONS
	  	 	3	 
	 3.0
	 	 COORDINATION BETWEEN KODAK AND TENANT
	  	 	4	 
	 4.0
	 	 OBTAINING BUILDING, PLUMBING, AND ELECTRICAL PERMITS
	  	 	4	 
	 5.0
	 	 HEALTH, SAFETY AND ENVIRONMENT
	  	 	4	 
	 6.0
	 	 KODAK RULES OF CONDUCT
	  	 	8	 
	 7.0
	 	 PHOTOGRAPHS AND DIGITAL IMAGES ON KODAK PROPERTY
	  	 	9	 
	 8.0
	 	 PERSONNEL AND VEHICULAR ACCESS TO ROCHESTER PLANT SITES
	  	 	9	 
	 9.0
	 	 SITE SERVICES
	  	 	10	 
	 10.0
	 	 ROCHESTER SITES NOISE POLICY
	  	 	11	 
	 11.0
	 	 SITE VISITS BY REGULATORY AGENCIES
	  	 	11	 
	 12.0
	 	 SEVERE WEATHER AND NATURAL DISASTER PLANS
	  	 	11	 

  
  

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 Eastman Kodak Company 

Rochester Site Requirements for Tenants 
 November, 2013 

 

	1.0	 INTRODUCTION 

 

	 	1.1	 All Tenants and Subtenants occupying space in or at a Kodak Rochester Site are required to use such space, and
all other Kodak Rochester Site facilities, at all times in compliance with the requirements provided herein (the “Site Requirements”). 

  

	 	1.2	 Each Tenant and Subtenant has the responsibility to inform its employees, Contractors, Subcontractors, agents
and any other person accessing a Kodak Rochester Site at its request that these requirements are to be strictly observed. 

  

	 	1.3	 If tenant is also a supplier of services to Kodak, for any work performed outside of tenant leased space and on
Kodak property, the tenant is performing as a contractor hired by Kodak and is therefore subject to the Site Requirements for Contractors and Subcontractors. This also applies to any tenant-hired contractors or subcontractors providing services to
Kodak outside of tenant leased space. 

  

	 	1.4	 Kodak reserves the right to make reasonable updates and modifications to these Site Requirements from time to
time, and, provided that such updates and modifications do not materially interfere with the Tenant’s permitted use of the Tenant’s leased premises, such updates and modifications shall apply, after the giving of reasonable notice thereof,
to Tenants and Subtenants with the same force and effect as the original requirements. 

  

	 	1.5	 In special circumstances the Rochester Site Requirements document and the formal Lease documents may vary, in
those cases the Rochester Site Requirements document will become subordinate. 

  

	2.0	 DEFINITIONS 

 

	 	2.1	 Kodak Rochester Site: Property and facilities located in the Greater Rochester, New York area which are
owned and/or operated by Kodak. 

  

	 	2.2	 Contractor: Any person, firm, or other third party hired to perform service for Kodak or any other party
on a Kodak Rochester Site. 

  

	 	2.3	 Subcontractor: Any third party which directly or indirectly contracts with a Contractor or Subcontractor
to perform work on a Kodak Rochester Site. 

  

	 	2.4	 Tenant: Any third party which occupies space under a lease, license occupancy or other agreement with
Kodak at a Kodak Rochester Site. 

  

	 	2.5	 Subtenant: A third party which subleases, sublicenses, or otherwise occupies space at a Kodak Rochester
Site from a Tenant. 

  

	 	2.6	 Tenant Representative: The Kodak employee responsible for managing the relationship between Kodak and
the Tenant. 

  

	 	2.7	 Building Manager: The facilities management employee (contract or Kodak) responsible for interfacing
with the Tenant for day-to-day building and site maintenance & service issues. 

  
  

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 Eastman Kodak Company 

Rochester Site Requirements for Tenants 
 November, 2013 

 

	3.0	 COORDINATION BETWEEN KODAK AND TENANT 

Any changes to, modifications of, or impairments to any Kodak Rochester leased facilities by any Tenant or Subtenant affecting fire protective
equipment, fire walls, fire doors, alarm systems, any emergency equipment or devices, or building infrastructure, including egress routes, must be reviewed with the Tenant Representative. 

 

	4.0	 OBTAINING BUILDING, PLUMBING, AND ELECTRICAL PERMITS 

 

	 	4.1	 Kodak will obtain all governmental building, zoning, electrical and other similar permits and approvals
relating to any Kodak Rochester Site building work being performed by a Tenant or Subtenant unless Kodak directs otherwise. Each Tenant or Subtenant must notify Kodak, in writing, of all building, plumbing, zoning, and electrical permits and
approvals required by any Tenant or Subtenant. 

  

	 	4.2	 The Tenant or Subtenant shall not contact any governmental agency on behalf of Kodak without advance written
authorization by Kodak for building, plumbing, and electrical permits. 

  

	 	4.3	 Except as otherwise provided in the agreement between Kodak and the Tenant or Subtenant, Kodak will schedule
and conduct all required building permit, plumbing, and electrical inspections with state and local agencies. 

  

	 	4.4	 Nothing in this section shall modify any of the rights and responsibilities of Tenants and Subtenants with
respect to the obligations imposed by any permits and approvals. 

  

	5.0	 HEALTH, SAFETY AND ENVIRONMENT 

 

	 	5.1	 Health, Safety and Environmental Policy: At Kodak Rochester, we are committed to advancing
sustainability through health, safety and environmental excellence by: 

  

	 	•	 	 Compliance with regulations and corporate initiatives 

 

	 	•	 	 Prevention of pollution 

 

	 	•	 	 Providing a safe, healthful and injury free workplace 

 

	 	•	 	 Continual improvement of HSE performance, and 

 

	 	•	 	 Collaboration with our partners to create a site that is valued by the community 

 

	 	5.2	 The Environmental Management System provides common direction to organizations at Kodak to help ensure
compliance with corporate and regulatory requirements as well as the requirements of International Standards Organization (“ISO”) 14001. Excellence in HSE performance is a key objective of all operations at Kodak sites, including those
involving Contractors and Subcontractors. 

  

	 	5.3	 The Tenant shall be responsible to communicate and ensure an understanding of all HSE requirements, referenced
in Section 5.0 of this document, to its Contractors, Subcontractors, Subtenants, agents, visitors, and employees working on a specific project prior to occupancy or commencement of any project. This includes ensuring the compliance by its
employees, contractors, subcontractors, subtenants, agents and visitors, of all applicable governmental regulations, permits, orders, consent agreements and decrees. 

 

	 	5.4	 If unsafe acts or conditions are observed that are deemed to present an immediate danger, Kodak may require
that corrections are made immediately and may stop work. Consequences of any such work stoppage shall be borne by the Tenant with no recourse against Kodak or Kodak employees, except in cases of a stoppage of a production line or other business
activity being conducted by a Tenant or Subtenant wholly within such Tenant or Subtenant’s leased premises where Kodak had no reasonable basis for ordering the work stoppage. 

  
  

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 Eastman Kodak Company 

Rochester Site Requirements for Tenants 
 November, 2013 

 

	 	5.5	 Site Orientation 

 

	 	5.5.1	 Each Tenant and Subtenant shall ensure that all its employees, Contractors and Subcontractors and agents
complete the on line general site orientation@ http://www.kodak.com/go/contractorinfo at initial assignment before reporting to work. This program will familiarize individuals with Kodak’s general policies, code of conduct, and health safety
and environmental issues. 

  

	 	5.5.2	 In addition, the tenant is responsible for providing a building or work area site specific HSE orientation and
building emergency action plan specifically designed to enable the individual to recognize potential hazards, understand safe work practices, and what to do in the event of an emergency. 

 

	 	5.6	 Incident Reporting 

 

	 	5.6.1	 Tenants and Subtenants will immediately upon discovery, report to the Kodak Communications Center by dialing 585-722-9911 for all: 

  

	 	•	 	 Occupational injuries/illnesses requiring emergency treatment (including anything involving blood)

  

	 	•	 	 fires (extinguished or not) 

 

	 	•	 	 environmental incidents (including spills, blood, mercury, PCB’s) 

All Tenants and Subtenants must also notify their Tenant Representative of these incidents within 24 hours. 

 

	 	5.7	 Equipment and Tools 

 

	 	5.7.1	 All Tenants and Subtenants, and their Contractors and Subcontractors, shall be responsible for the safe
operation of any equipment or tools brought on a Kodak Rochester Site. Equipment and tools will only be used or operated by persons thoroughly trained, in accordance with manufacturer specifications and government standards, and qualified to operate
that particular equipment. 

  

	 	5.7.2	 Kodak shall have no responsibility for any loss or damage to any Tenant or Subtenant, or their Contractors or
Subcontractors, equipment or tools, or for the security of such equipment or tools on the Kodak Rochester Site. 

  

	 	5.7.3	 Except as otherwise authorized in a written agreement executed by an authorized representative of Kodak, the
use of Kodak-owned or leased tools or equipment, by a Tenant or any other non-Kodak employee is forbidden. 

  

	 	5.8	 Flammable Liquids, Gases, and Combustibles: Flammable liquids and gases or bulk tanks may not be brought
on Kodak property without prior approval of the Kodak Risk Engineering and Code Compliance. Storage of quantities greater than 25 gallons of any liquids, gases, and other combustible materials on Kodak premises must be reviewed by the Tenant
Representative and Kodak Risk Engineering and Code Compliance. Significant changes in storage configuration of combustible materials and use and storage of flammable and combustible liquids or gases must be reviewed by the Tenant Representative and
Kodak Risk Engineering and Code Compliance. 

  

	 	5.9	 Hazardous Substances: All storage and use of hazardous substances must comply with the New York State
Code to which the certificate of occupancy has been issued 

  
  

Page 5 

 Eastman Kodak Company 

Rochester Site Requirements for Tenants 
 November, 2013 

 

	 	
(NFPA 30 Table 6.2.3 and International Building Code Table 307.7). Any Tenant or Subtenant shall have sole responsibility for the use, storage and security of any hazardous substances or other
chemicals which are brought onto the Premises or the Building by such Tenant or Subtenant. In particular, without limiting the foregoing, such Tenant or Subtenant shall be solely responsible for compliance with respect to the Premises and all
operations therein, with the requirements of the Chemical Facility Anti-Terrorism standards set forth in 6 CFR Part 27, and shall also be responsible for compliance with any other federal, state or local laws or regulations governing the security of
hazardous materials or chemicals. 

  

	 	5.10	 Permits, Requests and Approvals: A permit, request or approval is required for certain activities on
Kodak Rochester Sites. The Tenant is required to work with the Tenant Representative to identify and acquire the permit, request or approval, and to understand and follow the requirements defined on the permit, request or approval.

  

	 	5.10.1	 Site, building, facilities and utilities related permits, requests and approvals: 

 

	 	•	 	 Asbestos Survey Request 

 

	 	•	 	 Building Electrical Inspection Request 

 

	 	•	 	 Cutting & Coring Structural Elements Work Permit 

 

	 	•	 	 Electrical Feeder Circuit Breaker Operation Request 

 

	 	•	 	 Electrical Panel Directory Update Request 

 

	 	•	 	 Excavation Permit Request 

 

	 	•	 	 Lifewalk Request 

  

	 	•	 	 Mobil Cranes Request 

  

	 	•	 	 New Electrical Service Request 

 

	 	•	 	 Outside Signage Request 

 

	 	•	 	 Pest Control Request 

  

	 	•	 	 Plumbing Authorization Request 

 

	 	•	 	 Railroad Permit (for working on or near railroad tracks) 

 

	 	•	 	 Relocation or Removal of Electrical Equipment Request 

 

	 	•	 	 Rigging Request 

  

	 	•	 	 Rochester Site Roadblock Request 

 

	 	•	 	 Roofing Services Request 

 

	 	•	 	 Scaffolding Request 

  

	 	•	 	 Site-Asphalt, Curb, Fence, Rail, Post, Lawn Request 

 

	 	•	 	 Site-Survey Request 

  

	 	•	 	 Stake Out Utilities Request 

 

	 	•	 	 Temporary Power Permit 

 

	 	•	 	 Trailer Request (for placing sitting trailer on Kodak Rochester Sites) 

 

	 	•	 	 Utility Disconnect Request 

 

	 	5.10.2	 HSE related permits, requests and approvals, contact the Tenant Representative 

 

	 	•	 	 Safety Data Sheets (SDS) Request 

 

	 	•	 	 Industrial/Sanitary/Storm Sewer Usage Request (Kodak Waste Information Characterization KWIC)

  

	 	•	 	 Waste Disposal Request 

 

	 	5.10.3	 Fire and security permits, requests and approvals, contact the Tenant Representative or call the Kodak
Operations and 911 Center @722-2121. 

  

	 	•	 	 Confined Space Permit 

  

	 	•	 	 Open Flame/Hot Work Permit 

  
  

Page 6 

 Eastman Kodak Company 

Rochester Site Requirements for Tenants 
 November, 2013 

 

	 	•	 	 Sprinkler Riser Shutdown Permit 

 

	 	•	 	 Sprinkler Approval 

  

	 	5.10.4	 Open Flame/Hot Work permits are required for any heat, sparking or open flame work. This includes but is not
limited to: 

  

	 	•	 	 abrasive cutoff wheels on metals 

 

	 	•	 	 bitumen heating kettles 

 

	 	•	 	 blow torches 

  

	 	•	 	 electric heating irons and Thermogrip soldering tongs 

 

	 	•	 	 flameless heat guns 

  

	 	•	 	 hand held band saws generating sparks 

 

	 	•	 	 heated bitumen tankers 

 

	 	•	 	 lead kettles and pots 

  

	 	•	 	 salamanders 

  

	 	•	 	 welding 

Fire watch assignments may be required on certain open flame/hot work jobs as determined by the Kodak Fire Department and Tenant
Representative. 
 Only carbon dioxide and water fire extinguishers are permitted on Kodak Rochester Sites. “ABC All Purpose” or
dry chemical extinguishers are not permitted for use on Kodak Rochester Sites, unless specific permission is granted by the Kodak Fire Department or Risk Engineering Department. 

 

	 	5.11	 Radiation Sources: Radioactive material shall not be brought onto Kodak property or buildings without
prior approval from the Kodak Radiation Safety Officer. This especially applies to high-intensity radiography sources used for welding inspection and other purposes. If the Tenant and Subtenant have a valid radioactive material license from the New
York State Department of Labor, arrangements can be made by calling 726-6473 in advance to allow routine use of licensed radioactive material. 

 

	 	5.12	 Rigging: Contractors or Tenant’s employees, agents, and other persons accessing a Kodak Rochester
Site may not rig for any purpose including fall arrest protection from a Kodak owned structure without approval from the Tenant Representative. 

  

	 	5.13	 Vehicle Safety Rules: All Tenants must comply with all New York State vehicle and traffic laws and the
following while on Kodak property: 

  

	 	•	 	 Seatbelts must be worn by all drivers and passengers in all vehicles being operated on Kodak premises when
vehicles are so equipped. 

  

	 	•	 	 Personnel shall not ride in any compartment not intended for passenger occupancy. 

 

	 	•	 	 Pedestrians in marked life walks should be given right of way at all times. 

 

	 	•	 	 Smoking is not permitted in vehicles while on Kodak premises. 

 

	 	•	 	 Individuals will drive and park in a safe manner and obey speed regulation signs and site conditions. Parking is
allowed only in designated spaces. Drivers shall back vehicles into parking spaces if the parking space is perpendicular to a Kodak Park road. 

  

	 	•	 	 Vehicles are subject to inspection by Kodak’s Security staff at any time. 

 

	 	•	 	 When driving vehicles not equipped with automatic backup alarms, the driver will sound the horn prior to and
during backing up. 

  

	 	•	 	 The use of hand-held devices is prohibited while driving on Kodak property. 

  
  

Page 7 

 Eastman Kodak Company 

Rochester Site Requirements for Tenants 
 November, 2013 

 

	 	5.14	 HSE Information Notification of Change 

Tenants who lease or license space from Kodak are required to: 
  

	 	•	 	 Notify the Tenant Representative and the Building Manager immediately of significant changes associated with
operations. Significant changes include but are not limited to: 

  

	 	•	 	 Changes to emergency procedures, shared egress, traffic flow, building architecture. 

 

	 	•	 	 Modification to processes or equipment that affects Kodak utilities and facilities (e.g. water, building air,
breathing air, electric, ventilation, industrial sewer, fire protection systems, alarm systems, air emissions, pollution prevention devices). 

  

	 	•	 	 New uses or volume increases of hazardous chemicals (defined by OSHA 1910.1200 Hazard Communication).

  

	 	•	 	 Processes or equipment with inherent hazards (e.g. chemical, noise, radiation, high pressure, high temperature,
and high voltage) which if a failure occurs could result in significant risk. 

  

	 	•	 	 Changes to testing and maintenance of key safety systems (e.g. rupture disks, relief valves) and engineering
controls that could result in significant risk. 

  

	 	•	 	 Annually submit updated Tenant HSE Information form to the Tenant Representative. See Appendix A for an example
of Tenant HSE information form requirements. 

  

	 	5.15	 Waste Management 

Disposal of wastes and/or wastewaters from Tenant locations must be in accordance with lease, applicable federal, state and local laws and
regulations and building procedures. 
  

	6.0	 KODAK RULES OF CONDUCT 

 

	 	6.1	 Personal conduct is the driving force for maintaining an environment that is free from pressures and diversions
that are not appropriate for a work setting. All employees and agents of all Tenants, Subtenants and their Contractors and Subcontractors are required to know and follow Kodak’s Rules of Conduct, set forth in Section 6.

  

	 	6.2	 Know and follow Health, Safety and Environmental rules and procedures, detailed in Section 5.0 herein.

  

	 	6.3	 There shall be NO SMOKING on any Kodak Rochester Site, including all electronic smoking devices several
exceptions do exist, contact the Tenant Representative for further information. 

  

	 	6.4	 No firearms, explosives or other weapons shall be brought onto or used at any Kodak Rochester Site at any time.

  

	 	6.5	 No person shall use, manufacture, sell, distribute or possess alcoholic beverages, illegal drugs or other
illegal chemical substances on any Kodak Rochester Site, nor shall any person report to work or enter any Kodak Rochester Site at any time under the influence of alcoholic beverages or illegal drugs. 

 

	 	6.6	 No person shall engage in fighting, horseplay or gambling, on any Kodak Rochester Site. 

 

	 	6.7	 No theft, unauthorized use, removal, destruction, falsification, or defacing of products, records, or property.

  

	 	6.8	 No unauthorized disclosure of Kodak information. 

 

	 	6.9	 No person shall perform solicitation, in any manner or form, outside of the leased Premise, including common
areas. 

  
  

Page 8 

 Eastman Kodak Company 

Rochester Site Requirements for Tenants 
 November, 2013 

 

	 	6.10	 No conduct, which may be perceived by others as harassing, threatening, discriminatory or offensive (verbal, non-verbal, physical or sexual), shall be allowed on any Kodak Rochester Site. 

  

	 	6.11	 The Tenant shall also: 

 

	 	6.11.1	 Provide Kodak with the name of a Tenant contact person to whom Kodak can refer complaints.

  

	 	6.11.2	 Upon Corporate Security request, inform Kodak of the steps taken to investigate allegations that a Tenant
employee has engaged in acts of harassment, whether the investigation indicates that the allegations are true, and whether disciplinary action was taken. 

  

	 	6.11.3	 Work cooperatively with Kodak to investigate situations involving employees of Kodak and the Tenant.

  

	7.0	 PHOTOGRAPHS AND DIGITAL IMAGES ON KODAK PROPERTY 

Tenants must obtain Operational Department management approval prior to taking of photographs, digital images, or sound and video recordings,
including cellular phone images. If you are uncertain or have a question about these areas, contact the Tenant Representative. 
  

	8.0	 PERSONNEL AND VEHICULAR ACCESS TO ROCHESTER PLANT SITES 

 

	 	8.1	 Any Tenant or Subtenant requiring access to any Kodak Rochester Sites
(walk-in or drive-in), or desiring access to any portion of any Kodak Rochester Site other than its leased premises or common areas defined in its lease or sublease
agreement, must obtain access authorization from the Tenant Representative or designated access coordinator in accordance with site access policies as defined by the Site Contracting Office. Requests for
drive-in vehicle passes (for Eastman Business Park or other restricted access roadways or parking areas) should be directed to the Tenant Representative. All drivers must possess a valid driver’s license.

  

	 	8.2	 Tenants and Subtenants will be permitted to bring commercial motor vehicles onto the Eastman Business Park site
or other restricted access areas only to the extent required for the delivery or removal of materials or equipment. 

  

	 	8.3	 Personal vehicles are prohibited on the Eastman Business Park site unless approved by the Kodak Representative.
Numerous lots surrounding the perimeter of Kodak sites are available for Tenant and Subtenant parking. Parking arrangements will be coordinated by the Kodak Rochester Parking Office at Passfab@kodak.com 

 

	 	8.4	 Any individual having access to any Kodak Rochester Site shall, at all times when present at any such Site,
prominently display on his/her exterior clothing an identification badge which has been issued by Kodak. All Tenant and Subtenant employees or agents requiring on-site access for greater than 10 days will be
issued a Kodak non-Kodak employee photo identification badge clearly identifying the individual and the company they are representing. 

 

	 	8.5	 Tenant or Subtenant employees or agents requiring on-site access who do
not possess a 

  
  

Page 9 

 Eastman Kodak Company 

Rochester Site Requirements for Tenants 
 November, 2013 

 

	 	
Kodak non-Kodak employee photo identification badge will be issued a temporary identification badge and must be escorted by someone with a valid ID badge.
Exceptions must be approved by Corporate Security. 

  

	 	8.6	 All Tenant employees receiving a Kodak non-Kodak employee photo
identification badge, and any other Tenants who are requested to do so by Kodak, complete the on line Kodak Rochester general site orientation @ http://www.kodak.com/go/contractorinfo prior to being permitted access to a Kodak Rochester Site.

  

	 	8.7	 Employees and agents of Tenants and Subtenants may be limited to enter a Kodak Rochester Site or particular
building at such site, to specified gate location or door only. Changes in hours of access and particular access points can be requested through the Tenant Representative. 

 

	 	8.8	 Any Tenants or Subtenants removed from any Rochester Site for due cause, may not be permitted access to that
site or any other Kodak Rochester Site in the future. 

  

	 	8.9	 Any Tenants or Subtenants, whose employees access any Kodak Rochester Site, shall provide in writing to the
Tenant Representative the name of the individual within its company who will serve as Access Coordinator. Duties of the Access Coordinator include (a) immediate reporting to Kodak of any terminated employee with access to any Kodak Rochester
Site (b) monitoring and management of expiration and renewal dates for Kodak non-employee photo identification badges and Kodak assigned drive-in passes.

  

	 	8.10	 Tenant employees passing through an electronically controlled ingress or egress point shall present their non-Kodak employee photo identification badge to the controlling card reader regardless of the door or turnstile condition (i.e., held open, malfunction, etc.). 

 

	9.0	 SITE SERVICES 

 

	 	9.1	 Food Service Provider: It is acknowledged that Kodak has an exclusive agreement with a specific food
service provider at each Kodak Rochester Site. Each Tenant shall have the right to use the food service provider selected by Kodak to provide such food services to the Tenant and its respective employees and invitees at each Kodak Rochester Site.
Except for the permitted food service provided, tenants shall not have the right to allow other food service provider’s access to any Kodak Rochester Site, with these exceptions: 

 

	 	•	 	 If the tenant offers Kodak’s Supplier the opportunity to provide food service for a specific event, and the
Supplier declines the opportunity, the tenant shall not be restricted from arranging for food service to be provided by any other Supplier. 

  

	 	•	 	 If the Kodak Supplier does not provide food service or vending service to any building located at Eastman
Business Park, the tenant shall not be subject to any exclusivity obligations. 

  

	 	9.2	 Security Services: It is acknowledged that Kodak has an exclusive agreement with a Contract Security
service provider at each Kodak Rochester Site. Each Tenant shall have the right to use the security service provider selected by Kodak to provide additional security services to the Tenant and its respective employees and invitees at each Kodak
Rochester Site, at tenant’s expense. Except for the permitted security service provider authorized by Kodak, which authorization shall not be unreasonably withheld, Tenants shall not have the right to allow other security service
provider’s access to any Kodak Rochester Site. 

  
  

Page 10 

 Eastman Kodak Company 

Rochester Site Requirements for Tenants 
 November, 2013 

 

	 	9.3	 Tenant shall be responsible for paying directly for costs associated with all mail services and package
delivery in, to, and from the Premise and building. 

  

	 	9.4	 Tenants shall apply their own postage to all their outgoing mail, documents and packages.

  

	10.0	 ROCHESTER SITES NOISE POLICY 

 

	 	10.1	 All activities at the Rochester Site shall comply with all applicable municipal noise ordinances, and the
Rochester Site Noise Policy, which applies to all planned activities including, but not limited to, routine maintenance, repair, and construction activities. 

  

	 	10.2	 Activities performed outside of the noise policy guidelines must be approved in advance by Tenant
Representative. Additional Kodak approvals may also be required. 

  

	 	10.3	 Any new construction or modification of existing operations shall not result in increased fence line noise
levels. 

  

	11.0	 SITE VISITS BY REGULATORY AGENCIES 

 

	 	11.0	 Should any governmental or regulatory agency contact a Tenant to request or demand access to any Kodak
Rochester Site for any reason, the Tenant shall notify the Tenant Representative immediately. To the extent that the request or demand for access involves portions of the Site outside of the Tenant’s leased premises, the Tenant Representative
will coordinate all arrangements between Kodak and the agency. 

  

	12.0	 SEVERE WEATHER AND NATURAL DISASTER PLAN 

 

	 	12.1	 In the event that severe weather or natural disaster conditions create the need for the cancellation or
curtailment of operations at any Kodak Rochester Site, the following will occur: 

  

	 	12.1.1	 Cancellations, curtailments, or postponements will be broadcast on local radio and television stations.
Recorded messages will be provided regarding restrictions or shutdowns due to severe weather at 585-724-6107. 

 

	 	12.1.2	 During a snow emergency, access to Kodak Sites will be severely restricted or prohibited to non-essential vehicles to maintain essential production and emergency traffic. Alternative parking will be designated at vehicle entrances. 

  
  

Page 11 

 Eastman Kodak Company 

Rochester Site Requirements for Tenants 
 November, 2013 

 

 Appendix A 

Tenant HSE Information 
 Please type
responses in the boxes, print the form, sign, and return to Robin Chontosh, Eastman Kodak Company, 1669 Lake Avenue, Rochester, NY 14652-4449. 
  

					
	Tenant/Prospective Tenant	  	Building / Location	  	Date
			
	Tenant HSE Contact:	  	Phone #:	  	

  

	1.	 Briefly describe the operations to be conducted in the area: 

 

	2.	 List hazardous chemicals and quantities (defined by OSHA 1910.1200 Hazard Communication) used in the
area (attach separate list if necessary): 

  

	3.	 List processes or equipment with inherent hazards (e.g., chemical, noise, radiation, high pressure, high
temperature, high voltage) used in the area: 

  

	4.	 Describe key process safety systems (e.g., rupture disks, relief valves) and how they are maintained:

  

	5.	 How do you maintain your exhaust ventilation controls (lab hoods, ventilated enclosures, slot ventilation, flex
ducts, etc). 

  

	6.	 Provide listing of discharges to the Kodak industrial and sanitary sewers indicating any changes from previous
years: (include approved KWIC Profile ID#’s for all industrial sewer discharges): 

  

	7.	 Briefly describe your management system for HSE issues including change management procedures:

  

	8.	 Provide listing of all regulatory agency findings and permit deviations, including corrective actions, for the
past year: 

 I certify that to the best of my knowledge the information above is true, accurate, and complete. 

 

					
	Manager (print name):	 	  
	  	
			
	Manager (sign name):	 	  
	  	

  
  

Page 12 

 EXHIBIT F 

COMMERCIAL LEASE GUARANTY 
 In
consideration of and in order to induce EASTMAN KODAK COMPANY (“Landlord”) to enter into a lease agreement with COLUMBIA CARE
NY LLC (“Tenant”) having an effective date of April 30th, 2015 (“Lease”), deemed attached hereto and incorporated herein, the undersigned guarantor
COLUMBIA CARE, LLC (“Guarantor”) hereby enters into this Guaranty as of this 30th day of April, 2015. 

 

	1.	 Guarantor hereby absolutely and unconditionally guarantees to Landlord, its members, successors and assigns,
the prompt and full payment of all rent and other payments to be made by Tenant under the Lease, and the full performance and observance by Tenant of all the other terms, covenants, conditions to be performed and observed by Tenant, for which
Guarantor shall be jointly and severally liable with Tenant. Guarantor hereby waives any notice on nonobservance, or proof of notice or demand. Guarantor agrees that in the event of a default by Tenant under the Lease, Landlord may proceed against
the Guarantor before, after or simultaneously with proceeding against Tenant. 

  

	2.	 This Guaranty shall not be terminated, affected, or impaired in any manner by reason of (1) the assertion
by Landlord against Tenant of any of the rights or remedies reserved to Landlord pursuant to the provisions of the Lease; (2) the commencement of summary or other proceedings against Tenant; (3) the failure of Landlord to enforce any of
its rights against Tenant; or (4) the granting by Landlord of any extensions of time to Tenant. 

  

	3.	 General Provisions 

  

	 	A.	 Guarantor further covenants and agrees that: (1) Guarantor shall be bound by all the provisions, terms,
conditions, restrictions and limitations contained in the Lease which are to be observed or performed by Tenant thereunder, the same as if Guarantor were named therein as Tenant; (2) this Guaranty shall be absolute and unconditional and shall
be in full force and effect and be binding upon Guarantor until the lease is performed in full; (3) Guarantor is not presently insolvent and will not be rendered insolvent by virtue of the execution and delivery of this Guaranty;
(4) Guarantor has not executed or delivered this Guaranty with actual intent to hinder, delay or defraud Guarantor’s creditors; and (5) Landlord has entered into the Lease in reliance upon this Guaranty. In the event either Landlord
or Tenant validly terminates the Lease, Guarantor’s obligations pursuant to this Guaranty or the Lease shall also cease and terminate. 

  

	 	B.	 If Landlord at any time is compelled to take action, by legal proceedings or otherwise, to enforce or compel
compliance with the terms of this Guaranty, the undersigned shall, in addition to any other rights or remedies to which Landlord may be entitled hereunder or as a matter of law or in equity, pay to Landlord all costs, including reasonable
attorney’s fees, incurred or expended by Landlord in connection therewith. 

	 	C.	 In the event the Lease is disaffirmed by a Trustee in bankruptcy for Tenant, Guarantor agrees that it shall, at
the election of Landlord, either assume the Lease and perform all of the covenants, terms and conditions of Tenant thereunder or enter into a new lease, which said new lease shall be in form and substance identical to the Lease. In the event
Landlord elects to require Guarantor to assume the Lease and perform all of the covenants, terms, and conditions of Tenant thereunder, Guarantor shall be given a reasonable opportunity to cure any default(s) by Tenant and Guarantor will retain all
of the rights which formerly inured to the benefit of Tenant, including Tenant’s rights pursuant to the Article XV of the Lease. 

  

	 	D.	 All duties and obligations of Guarantor pursuant to this Guaranty shall be binding upon the successors and
assigns of the undersigned. 

  

	 	E.	 Guarantor agrees that no failure on the part of the Landlord to exercise, and no delay in exercising, any right
or remedy hereunder shall operate as or constitute a waiver thereof; nor shall any single or partial exercise of any right or remedy hereunder preclude any other or further exercise thereof or the exercise of any other right or remedy hereby or by
any other related document or by law. 

  

	 	F.	 This Guaranty shall be governed by and construed in accordance with the laws of the State of New York.

  

	 	G.	 Guarantor waives and shall have no right of subrogation, indemnification, reimbursement or exoneration with
respect to the liabilities of Tenant under the Lease 

  

	4.	 Time is of the essence of this Guaranty. 

 

	5.	 This Guaranty and any attached addenda constitute the entire Guaranty and no oral statement or amendment not
reduced to writing and signed by Guarantor shall be enforceable. 

 IN WITNESS WHEREOF, Guarantor has hereto set its hand and seal this
         day of April, 2015. 
  

			
	GUARANTOR: COLUMBIA CARE LLC
		
	BY:	 	
                     
                                       

	NAME:	 	
                     
                                       

	TITLE:

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