Document:

ASSIGNMENT OF MEMBERSHIP INTEREST

        FLORA BEAUTY LLC

        

        

        

        

        THIS ASSIGNMENT OF LLC MEMBERSHIP INTEREST (this “Assignment”), is made on 29th day of December, 2020 (the “Effective Date”), by and between LUIS MERCHAN (the “Assignor”), and FLORA GROWTH CORP
          (hereinafter the “Assignee”).

        

        

        PREAMBLE

         

        

        CONSIDERING:

        

        

        

        WHEREAS, the Assignor is the owner of a five Percent (5.0%) Membership Interest (the “Membership Interest”) in FLORA BEAUTY LLC, a Colorado limited liability company (the “Company”);

        

        

        WHEREAS, the Assignor desires by this Assignment to assign to the Assignee all Assignor’s Membership Interest in the Company, and the Assignee desires by this Assignment to accept the same,

        

        

        That the payment by the Assignee to the Assignor corresponds to the sum of One Hundred United States Dollars ($ 100.00) USD

        

        

        Therefore, the parties agree as follows:

         

        

        1. ASSIGNMENT

        

        Effective as of December   , 2020 the Effective Date the Assignor assigns to the Assignee and the Assignee accepts and assumes from the Assignor (a) the Membership Interest (so that
          from and after the Effective Date, and until any other or further assignment made the Assignor shall no longer have a Membership Interest and the Assignee shall acquire a five Percent (5%) Membership Interest in the Company, and (b) any and all
          right, title, and interest which the Assignor may have.

        

        

      

    

    
       
        CESIÓN DE INTERÉS DE MEMBRESÍA

        FLORA BEAUTY LLC

        

        

        

        

        

        

        ESTA CESIÓN DE INTERESES DE MEMBRESÍA LLC (esta “Cesión”), se realiza el día 29 de diciembre de 2020 (la Fecha de Vigencia), entre LUIS MERCHAN (el “Cedente”) y FLORA GROWTH CORP (en adelante
          el “Cesionario”).

        

        

        PREÁMBULO

        

        

        CONSIDERANDO:

         

        

        
          	
                  -

                	
                  Que el Cedente es propietario de un interés de membresía del cinco por ciento (5.0%) (el "interés de membresía") en FLORA BEAUTY LLC, una compañía de responsabilidad limitada de Colorado (la "Compañía");

                

        

        

        

        
          	
                  -

                	
                  Que el Cedente desea mediante esta Cesión asignar al Cesionario todos los Intereses de Membresía del Cedente en la Compañía, y el Cesionario desea por medio de esta Cesión aceptar los mismos.

                

        

        

        

        
          	
                  -

                	
                  Que el pago por parte del Cesionario al Cedente corresponde a la suma de Cien Dólares Estadounidenses ($ 100.00) USD

                

        

         

        

        Por lo anterior, las partes acuerdan lo siguiente:

        

        

        1. CESIÓN.

        

        

        Vigente a partir del     de diciembre de 2020, la Fecha de Vigencia que el Cedente asigna al Cesionario y el Cesionario acepta y asume del Cedente (a) el Interés de Membresía (de modo
          que desde y después de la Fecha de Vigencia, y hasta que se realice cualquier otra cesión adicional El Cesionario ya no tendrá un interés de membresía y el cesionario adquirirá un interés de membresía del cinco por ciento (5%) en la Compañía, y
          (b) todos y cada uno de los derechos, títulos e intereses que el cesionario pueda tener.

      

    

    

      

    

    
      1

      
        

    

    
      

        2. GUARANTEE

        

        

        

        2.1. By Assignor. To

          induce the Assignee to accept the delivery of this Assignment, the Assignor hereby represents and warrants the following to the Assignee that, on the date hereof and at the time of such delivery:

        

        

        2.1.1. The Assignor is the sole legal and beneficial owner of the Membership Interest. The Assignor has not sold,
          transferred, or encumbered any or all of the Membership Right. Subject to the provisions of the Operating Agreement dated February 2- 2020 (the “Operating Agreement”), the Assignor has the full and sufficient right at law and in equity to
          transfer and assign the Membership Interest, and is transferring and assigning the Membership Interest to the Assignee free and clear of any and all right, title, or interest of any other person whatsoever.

        

        

        2.1.2. The Assignor has been given no notice of any default by the Assignor in performing its obligations under the
          provisions of the Operating Agreement and, to the best of the Assignor’s knowledge, information, and belief, the Assignor is not in default in performing those obligations.

        

        

        2.1.3. The required consent of any member in the Company to this Assignment has been obtained.

        

        

        2.1.4. Attached as Exhibit “A” is a true and complete copy of the Operating
          Agreement and all amendments thereto.

        

        

        2.2. By Assignee. The Assignee covenants, warrants, and represents to the Company and the Manager in the Company: (a) that the Membership Interest is being acquired for investment for the Assignee’s own account and not with a view
          to offering it for sale or otherwise to distributing it, after or in connection with such assignment to it, (b) that the Assignee has read the Operating Agreement and agrees to be bound by the Operating Agreement, including, but not limited to,
          the appointment of the Manager as the attorney-in-fact for the Members,   (c) Assignee understands that the Company is a new business venture which offers no guarantee of success; (d) Assignee understands that the consideration paid for this
          Assignment of Membership Interest was based on a projection of potential costs; and (e) Assignee is relying on its own business expertise and research in deciding to acquire the Membership Interest.

      

    

    
      
         

        

        2. GARANTÍAS

        

        2.1. Por Parte del Cedente. Para garantizar al Cesionario la entrega de esta Cesión, el
          Cedente declara y garantiza lo siguiente al Cesionario en la fecha del presente y al momento de dicha entrega:

        

        

        2.1.1. El Cedente es el único propietario legal y beneficiario del derecho de membresía. El Cedente no ha vendido, transferido ni gravado ninguno o todos los Derechos de
          Membresía. Sujeto a las disposiciones del Operating Agreement de fecha 2 de febrero de 2020. El Cedente tiene el derecho pleno y suficiente por ley y en equidad para transferir y asignar el Derecho de Membresía, y está transfiriendo y asignando
          el Derecho de Membresía al Cesionario libre de cualquier derecho, título o interés de cualquier otra persona.

        

        

        2.1.2. El Cedente no ha recibido notificación por ningún incumplimiento en el cumplimiento de sus obligaciones en virtud de las disposiciones del Operating Agreement y, según el leal saber y entender del Cedente, no está en incumplimiento de esas obligaciones.

        

        

        2.1.3. Se ha obtenido el consentimiento requerido de cualquier miembro de la Compañía para esta Asignación.

        

        

        2.1.4. Se adjunta como Anexo “A” una copia fiel y completa del Operating Agreement y todas las enmiendas al mismo.

        

        

        2.2. Por Parte del Cesionario. El Cesionario acuerda, garantiza y declara a la Compañía y
          al Administrador de la Compañía: (a) que el Derecho de Membresía se adquiere para inversión por cuenta propia del Cesionario y no con el fin de ofrecerlo a la venta o de distribuirlo después o en conexión con dicha cesión, (b) que el Cesionario
          ha leído el Operating Agreement y está de acuerdo en estar obligado por el Operating Agreement, incluyendo, pero no limitado el nombramiento del Gerente como apoderado para los Miembros, (c) el Cesionario entiende que la Compañía es una nueva
          empresa comercial que no ofrece garantía de éxito; (d) El Cesionario entiende que la contraprestación pagada por esta Cesión de Intereses de Membresía se basó en una proyección de costos potenciales; y (e) el Cesionario se basa en su propia
          experiencia e investigación comercial para decidir adquirir la Membresía.

      

    

    

    

    
      2

      
        

    

    
       
        2.3. By Each Party. Each party
          represents and warrants to the other that it has been duly authorized to execute and deliver this Assignment, and to perform its obligations under this Assignment.

        

        

        3.  INDEMNITY.

        

        

        3.1. By Assignor. The Assignor shall defend, indemnify, and hold harmless the Assignee from and against and from any and all liability, claim of liability, or expense arising out of: (a) any
          default by the Assignor in performing its obligations under the provisions of the Operating Agreement occurring before the Effective Date, (b) any and all liability or expense of the Company arising before the Effective Date, and (c) any failure
          of the Assignor’s representatives contained in Section 2 to be true and complete in all material respects.

        

        

        3.2. By Assignee. The

          Assignee shall defend, indemnify, and hold harmless the Assignor against and from any and all liability, claim of liability, or expense arising out of: (a) any default by the Assignee in performing its obligations under the provisions of the
          Operating Agreement occurring after the Effective Date, and (b) any and all liability, claim of liability, or expense of the Company arising after the Effective Date. The Assignee, on behalf of the Company, also hereby releases any and all claims
          the Company has or may have against the Assignor, except to the extent inconsistent with Section 3.1 hereof.

        

        

        4.  Consent Of The Company.

        

        

         All members of the Company approve this sale unanimously, in accordance with applicable law. As a sign of consent, the Company signs this document.

      

    

    
       
        2.3. Por Cada Parte. Cada parte declara y garantiza a la otra que ha sido debidamente autorizada para ejecutar y entregar esta
          Asignación, y para cumplir con sus obligaciones que de ella se deriven

        

        

        3. INDEMNIDAD

        

        

        3.1. Por parte del Cedente. El Cedente defenderá, indemnizará y eximirá al Cesionario de cualquier y toda responsabilidad, reclamo de
          responsabilidad o gasto que surja con ocasión a: (a) cualquier incumplimiento por su parte en el cumplimiento de sus obligaciones según las disposiciones de la Operating Agreement que ocurra antes de la
          Fecha de vigencia, (b) cualquier responsabilidad o gasto de la Compañía que surja antes de la Fecha de vigencia, y (c) cualquier falla de las garantías a su cargo contenidas en la Sección 2.

        

        

        3.2. Por Parte del Cesionario. El Cesionario defenderá, indemnizará y eximirá de toda responsabilidad, gasto o reclamo al Cedente
          que surja de: (a) cualquier incumplimiento por su parte en el cumplimiento de sus obligaciones bajo las disposiciones del Operating Agreement que ocurra después de la Fecha de vigencia, y (b) cualquier responsabilidad, reclamo de responsabilidad
          o gasto de la Compañía que surja después de la Fecha de vigencia. El Cesionario, en nombre de la Compañía, también libera por la presente cesión todos y cada uno de los reclamos que la Compañía tenga o pueda tener contra el Cedente, excepto en la
          medida en que sea incompatible con la Sección 3.1 del presente.

        

        

        4. CONSENTIMIENTO DE LA EMPRESA.

        

        

        Todos los miembros de la Compañía aprueban esta venta por unanimidad, de acuerdo con la ley aplicable. Como muestra de consentimiento, la Compañía  firma este documento.

      

    

    

    
      3

      
        

    

    
       
        5. NOTICES.

         

          

        Any notice, demand, consent, approval, request, or other communication or document to be provided hereunder to a party hereto shall be (a) in writing, and (b) deemed to have been provided (i) forty-eight (48) hours
          after being sent as certified or registered mail in the United States mail, postage prepaid, return receipt requested, to the address of the party set forth in this Assignment or to any other address in the United States of America as the party
          may designate from time to time by notice to the other party, or (ii) upon being given by hand or other actual delivery to the party, or (iii)

        By email sent to the other party at the address provided by the parties in this contract, in which the matter to be communicated will be clearly indicated, attaching the appropriate document or file.

        

        

        6. MISCELLANEOUS 

        

        

        6.1. Effectiveness. This Assignment shall become effective on and only on its execution and delivery by each party.

        

        

        6.2. Complete
            understanding. Subject to the provisions of the Operating Agreement, this Assignment represents the complete understanding between the parties as to the
          subject matter hereof, and supersedes all prior negotiations, representations, guarantees, warranties, promises, statements, or agreements, either written or oral, between the parties hereto as to the same.

        

        

        6.3. Amendment. This

          Assignment may be amended by and only by an instrument executed and delivered by each party.

        

        

        6.4. Waiver. No
          party shall be deemed to have waived any right which it holds hereunder unless the waiver is made expressly and in writing (and, without limiting the generality of the foregoing, no delay or omission by any party in exercising any such right
          shall be deemed a waiver of its future exercise). No waiver shall be deemed a waiver as to any other instance or any other right.

        

        

        6.5. Applicable law. All

          questions concerning the construction, validity, and interpretation of this Assignment and the performance of the obligations imposed hereby shall be governed by the State of Colorado.

      

    

    
       
        5. AVISOS.

          

        

        Cualquier aviso, demanda, consentimiento, aprobación, solicitud u otra comunicación o documento que se proporcione en virtud del presente a una de las partes del mismo, se hará: (a) por escrito
          y (b) se considerará que se ha proporcionado (i) cuarenta y ocho (48) horas después de ser enviado como correo certificado o registrado en el correo de los Estados Unidos, con franqueo prepagado, acuse de recibo solicitado, a la dirección de la
          parte establecida en esta Asignación o a cualquier otra dirección en los Estados Unidos de América que la parte designe de vez en cuando mediante notificación a la otra parte,  (ii) al ser entregada en mano u otra entrega real a la parte, o (iii)
          por correo electrónico enviado a la otra parte a la dirección suministrada por las partes en este contrato, en el cual se indicará con total claridad el asunto que deba ser comunicado, adjuntando el documento o archivo a que haya lugar.

        

        

        6. VARIOS.

        

        

        6.1. Eficacia. Esta Cesión entrará en vigencia con la firma del presente contrato y entrega por cada parte.

        

        

        6.2. Comprensión completa. Sujeto a las disposiciones del Operating Agreement, esta Cesión representa el completo entendimiento
          entre las partes en cuanto al tema de la misma y reemplaza todas las negociaciones, representaciones, garantías, promesas, declaraciones o acuerdos previos, ya sea por escrito u oral entre las partes que pudieren tratar los mismos asuntos.

        

        

        6.3. Enmienda. Esta Cesión puede ser modificada por y solo por un instrumento ejecutado y entregado por cada parte.

        

        

        6.4. Renuncia. No se considerará que ninguna de las partes haya renunciado a ningún derecho
          que ostenta en virtud del presente, a menos que la renuncia se realice de manera expresa y por escrito (y, sin limitar la generalidad de lo anterior, ninguna demora u omisión de ninguna de las partes en el ejercicio de dicho derecho se
          considerará una renuncia a su ejercicio futuro). Ninguna renuncia se considerará renuncia a cualquier otra instancia o cualquier otro derecho.

        

        

        6.5. Ley aplicable. Todas las cuestiones relativas a la construcción, validez e interpretación de esta Cesión y
          el cumplimiento de las obligaciones impuestas por la presente se regirán por el Estado de Colorado.

      

    

    

    

    
      4

      
        

    

    
       
        6.6. Headings. The

          headings of the Sections, subsections, paragraphs, and subparagraphs hereof are provided herein for and only for convenience of reference, and shall not be considered in construing their contents.

        

        

        6.7. Context. As
          used herein, (a) the term “person” means a natural person, a trustee, a corporation, a partnership, and any other form of legal entity; and (b) all reference made (i) in the neuter, masculine, or feminine gender shall be deemed to have been made
          in all genders, (ii) in the singular or plural number shall be deemed to have been made, respectively, in the plural or singular number as well, and (iii) to any Section, subsection, paragraph, or subparagraph shall, unless therein expressly
          indicated to the contrary, be deemed to have been made to such Section, subsection, paragraph, or subparagraph of this Assignment.

        

        

        6.8. Assignment. This

          Assignment shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, personal representatives, successors, and assigns hereunder.

        

        

        6.9 Severability. No

          determination by any court, governmental body, or otherwise that any provision of this Assignment or any amendment hereof is invalid or unenforceable in any instance shall affect the validity or enforceability of (a) any other provision thereof
          or (b) that provision in any circumstance not controlled by the determination. Each such provision shall be valid and enforceable to the fullest extent allowed by, and shall be construed wherever possible as being consistent with, applicable law.

      

    

    
       
        6.6. Encabezados. Los títulos de las Secciones, subsecciones, párrafos y subpárrafos de la presente cesión, se interpretarán en el
          sentido natural y corriente de las palabas, evitando otro tipo de interpretación que se pretenda dársele.

        

        

        6.7. Contexto: Las siguientes expresiones se entenderán en el contexto de la presente cesión así: a).
          Persona: significa una persona física, un fiduciario, una corporación, una sociedad y cualquier otra forma de entidad legal. b). Toda referencia hecha en: (i) Género neutro, masculino o femenino se considerará hecha en todos los géneros. (ii) En
          número singular o plural, se considerará hecha respectivamente, en número plural o singular también y (iii) cualquier sección, subsección, párrafo o subprárrafo, a menos que en el mismo se indique expresamente lo contrario, se considerará hecha a
          dicha Sección, subsección, párrafo o subpárrafo de esta cesión.

        

        

        6.8. Asignación. Esta Cesión será vinculante y redundará en beneficio de las partes del mismo y de sus respectivos herederos,
          representantes personales, sucesores y cesionarios a continuación.

        

        

        6.9 Divisibilidad. Ninguna determinación por parte de ningún tribunal, organismo gubernamental o de otro modo de que alguna
          disposición de esta Cesión o cualquier enmienda de la misma sea inválida o no ejecutable en cualquier caso afectará la validez o aplicabilidad de (a) cualquier otra disposición de la misma o (b) esa disposición en cualquier circunstancia no
          controlada por la determinación. Cada una de estas disposiciones será válida y ejecutable en la mayor medida permitida por, y se interpretará, siempre que sea posible, como compatible con la ley aplicable.

      

    

    

    

    
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        6.10. Further Assurances.
          The parties shall cooperate with each other and shall execute and deliver, or cause to be delivered, all other instruments and shall take all other actions, as either party hereto may reasonably request from time to time in order to
          effectuate the provisions hereof.

        

        

        6.11. Assumption and indemnification. From and after the Effective Date, the Assignee shall (a) be bound by the provisions of the Operating Agreement, as if the Assignee were a party thereto and a Member of the Company, and (b) indemnify the
          Company against any expense incurred by it in connection with the Assignee’ admission and substitution as a Member (including, by way of example rather than of limitation, any expense incurred in preparing and filing for record any amendment of
          the [Operating Agreement] or the [Company’s Articles of Organization], and any other instrument, if necessitated by the admission and substitution.

      

    

    
       
        6.10. Garantías adicionales. Las partes
          cooperarán entre sí y ejecutarán y entregarán, o harán que se entreguen, todos los demás instrumentos y tomarán todas las demás acciones, como cualquiera de las partes pueda solicitar razonablemente de vez en cuando para aplicar las disposiciones
          del presente.

        

        

        6.11.   Asunción e indemnización. A partir de la Fecha de entrada en vigor y después, el Cesionario: (a) estará
          obligado por las disposiciones del Operating Agreement, como si el Cesionario fuera una parte del mismo y un Miembro de la Compañía, y (b) indemnizará a la Compañía por cualquier gasto incurrido en relación con la admisión y sustitución del
          Cesionario como Miembro (incluyendo, a modo de ejemplo, más que de limitación, cualquier gasto incurrido en la preparación y registro de cualquier enmienda del [Operating Agreement] o de los [Artículos de Organización de la Compañía] , y
          cualquier otro instrumento, si así lo requiere la admisión y sustitución.

      

    

    

    

    
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        WHEREOF, each party hereto has executed this Assignment or caused it to be executed on its behalf by its duly authorized representatives, the day and year first above written.

         

        

        
          ASSIGNOR:

           

           

          /s/Luis Merchan

          

          LUIS MERCHAN

          
             

          

           

          ASSIGNEE:

           

           

          /s/Luis Merchan

              LUIS MERCHAN

              FLORA GROWTH CORP

           

          

          
            THE COMPANY,

             

             

             

            /s/Luis Merchan

            FLORA BEAUTY LLC

            LUIS MERCHAN

            

          

        

         

      

    

    
       
        POR LO CUAL, cada una de las partes del presente ha ejecutado esta Cesión o ha hecho que sea ejecutada en su nombre por sus representantes debidamente autorizados, el día y el año antes
          indicado.

        

        

        CEDENTE:

        

        

        

        

        /s/Luis Merchan

        LUIS MERCHAN

         

        

        

        

        CESIONARIO:

        

        

        

        

        /s/Luis Merchan

        LUIS MERCHAN

        FLORA GROWTH CORP

        

        

        LA COMPAÑIA,

        

        

        

        

        /s/Luis Merchan
        FLORA BEAUTY LLC

        LUIS MERCHAN

        

        

        

      

    

    

    

    
      7

      
        

    

    
      Exhibit A

      Operating Agreement

       

      

       

      

       

      

       

      

       

      

       

      

    

  

  8SHARE PURCHASE AGREEMENT

    Share Purchase Agreement dated December 29, 2020 between Santiago Mora Bahamon, an individual domiciled in Colombia with ID No. 1.020.727.140 (“Santiago”),

      Laura Londono Tapia, an individual domiciled in Colombia with ID No. 1.032.410.535 (“Laura”), Pablo Silva, an individual domiciled in Colombia with ID No. 1.036.881.472 (“Pablo”),

      Stefan Lauer, an individual domiciled in Colombia with ID No. C5R94F7XJ (“Stefan”, and together with Santiago, Laura and Pablo, the “Vendors”) and Flora Growth
      Corporation (the “Purchaser”), a corporation existing pursuant to the laws of the Province of Ontario and domiciled at 65 Queen Street West, Suite 900, Toronto, Ontario, Canada M5H 2M5.

    RECITALS

    
      	
              (a)

            	
              Santiago is the registered and beneficial owner of 15,741 ordinary shares of Kasa Wholefoods Company S.A.S., a company existing pursuant to the laws of the Republic of Colombia (the “Company”);

            

    

    
      	
              (b)

            	
              Laura is the registered and beneficial owner of 2,600 ordinary shares of the Company;

            

    

    
      	
              (c)

            	
              Pablo is the registered and beneficial owner of 1,195 ordinary shares of the Company;

            

    

    
      	
              (d)

            	
              Stefan is the registered and beneficial owner of 464 ordinary shares of the Company; and

            

    

    
      	
              (e)

            	
              The Vendors wish to sell and the Purchaser wishes to purchase an aggregate of 18,000 ordinary shares of the Company, representing 90% of the issued and outstanding equity of the Company
                on a fully diluted basis, upon the terms and conditions contained in this Agreement.

            

    

    In consideration of the above and for other good and valuable consideration, the parties agree as follows.

    
      	
              1.

            	
                    Purchase and Sale..

            

    

    The Vendors hereby sell, assign and transfer to the Purchaser and the Purchaser hereby purchases from the Vendors an aggregate of 18,000 ordinary shares of the Company,
      representing 90% of the issued and outstanding equity of the Company on a fully diluted basis (the “Purchased Shares”), as follows:

    	
            Vendor

          	
            Company Shares

          
	
            Santiago

          	
            13,741

          
	
            Laura

          	
            2,600

            

          
	
            Pablo

          	
            1,195

          
	
            Stefan

          	
            464

          
	
            Total

          	
            18,000

          

    

    

    
      1

      
        

    

    Section 2  Purchase Price.

    The total purchase price is USD$235,600, of which is satisfied by the Purchaser discharging USD$87,300 payable owed by the Vendors to the Company, with the remainder,
      USD$148,300, being payable to the Vendors in the percentages set out in Schedule “A” upon transfer of the Purchased Shares to the Purchaser, free and clear of any encumbrances.

    Section 3   Post-closing Covenants.

    Forthwith following completion of the transfer of the Purchased Shares to the Purchaser, the Purchaser and Vendors shall enter into a unanimous shareholders’ agreement containing
      customary terms.

    Section 4              Vendors’ Representations and Warranties.

    Each Vendor represents and warrants as follows to the Purchaser at the date of this Agreement and acknowledges and confirms that the Purchaser is relying upon such
      representations and warranties in connection with the purchase of the Purchased Shares:

    
      	
              (a)

            	
              Corporate Authority.  The transfer of the Purchased Shares to the Purchaser has been authorized by all necessary corporate action on the part of
                the Company;

            

    

    
      	
              (b)

            	
              Execution and Binding Obligation.  This Agreement has been duly executed and delivered by the Vendor and constitutes a legal, valid and binding
                agreement of the Vendor enforceable against it in accordance with its terms subject only to any limitation under applicable laws relating to (i) bankruptcy, winding-up, insolvency, arrangement and other laws of general application affecting
                the enforcement of creditors' rights, and (ii) the discretion that a court may exercise in the granting of equitable remedies such as specific performance and injunction;

            

    

    
      	
              (c)

            	
              Organization and Good Standing.  The Company is a company established and validly existing under the laws of the Republic of Colombia;

            

    

    
      	
              (d)

            	
              Qualification to do Business.  The Company is duly qualified to carry on business and produce or market its products and services and is in
                possession of all permits, authorizations, approvals, licenses, records and consents required in all jurisdictions in which the nature of its business activities make necessary, and all such products and services comply with all technical,
                health, environmental or any other regulations that may apply;

            

      
        2

        
          

      

    

    
      	
              (e)

            	
              No Violation or Breach.  The execution and delivery of and performance by the Vendor of this Agreement:

            

    

    
      	
              (i)

            	
              will not (or would not with the giving of notice, the lapse of time or the happening of any other event or condition) result in a breach or violation of or a conflict with, or allow any
                other person to exercise any rights under any contracts or instruments to which the Company or the Vendor is a party; and

            

    

    
      	
              (ii)

            	
              will not (or would not with the giving of notice, the lapse of time or the happening of any other event or condition) result in a breach or violation of or a conflict with, or allow any
                other person to exercise any rights under, any of the terms or provisions of the Company’s constating documents or by-laws; and

            

    

    
      	
              (iii)

            	
              will not result in the violation of any law;

            

    

    
      	
              (f)

            	
              Litigation. There is no claim, action, suit, grievance, complaint, proceeding, arbitration, charge, audit, indictment or investigation that is
                pending or has been commenced or, to the knowledge of the Vendor, is threatened affecting the Company or its subsidiaries or affecting any of their property or assets (whether owned or leased) at law or in equity. Neither the Company, its
                Subsidiaries nor any their respective assets or properties is subject to any outstanding judgment, order, writ, injunction or decree material to the Company and its subsidiaries on a consolidated basis;

            

    

    
      	
              (g)

            	
              Brokers. No broker, investment banker, financial advisor or other person is entitled to any broker's, finder's, financial advisor's or other
                similar fee or commission in connection with the transactions contemplated hereby based upon arrangements made by or on behalf of the Company or any of its subsidiaries;

            

    

    
      	
              (i)

            	
              Employment and Labour.

            

    

    
      	
              (A)

            	
              The Company and each of its subsidiaries has been and is now in compliance, in all material respects, with all terms and conditions of employment, with respect to employment and labour,
                including, wages, hours of work, overtime, human rights, occupational health and safety and workers compensation, and there are no current, or, to the knowledge of the Vendor, pending or threatened proceedings (including grievances,
                arbitration, applications or pending applications) before any governmental entity or labour arbitrator with respect to any matter.

            

    

    
      	
              (B)

            	
              Neither the Company nor any of its subsidiaries are party to any:

            

    

    
      	
              (I)

            	
              contract providing for termination notice, payment in lieu of termination notice, change of control payments, or severance payments to, or any employment or consulting agreement with, any
                current or former director, officer or employee of the Company or its subsidiaries other than such arising from any applicable law; or

            

      
        3

        
          

      

    

    
      	
              (II)

            	
              any collective bargaining agreement or union agreement nor, to the knowledge of the Vendor, subject to any application for certification or threatened union-organizing campaigns for
                employees not covered under a collective bargaining agreement or union agreement nor are there any current, or to the knowledge of the Vendor, pending or threatened strikes or lockouts at the Company or its subsidiaries;

            

    

    
      	
              (C)

            	
              There are no outstanding assessments, penalties, fines, liens, charges, surcharges, or other amounts due or owing pursuant to any provincial
                workers' compensation statute or regulation, and nether the Company nor any of its subsidiaries has been reassessed in any material respect under such statute or regulation during the past three (3) years and, to the knowledge of the
                Vendor, no audit of the Company or any its subsidiaries is currently being performed pursuant to any workers' compensation statute or regulation, and, to the knowledge of the Vendor, there are no claims or potential claims which may
                materially adversely affect the Company's or any of its subsidiaries' accident cost experience in respect of their businesses;

            

    

    
      	
              (D)

            	
              There are no labour disputes, strikes, organizing activities or work stoppages against the Company or any of its subsidiaries pending, or to knowledge of the Vendor, threatened;

            

    

    
      	
              (E)

            	
              All personnel providing services to the Company in the ordinary course of its business are subject to a written employment contract with the
                Company;

            

    

    
      	
              (F)

            	
              All contributions, premiums or taxes required to be made or paid by the Company or any of its subsidiaries under the terms of any employee
                plans of the Company and its subsidiaries or by applicable laws have been made in a timely fashion;

            

    

    
      	
              (ii)

            	
              Assets. The Company and its
                  subsidiaries have valid, good and marketable title to all personal property owned by them, free and clear of all encumbrances. The assets and property owned, leased or licensed by the Company and its subsidiaries are sufficient, in all
                  material respects, for conducting the business, as currently conducted, of the Company;

            

      
        4

        
          

      

    

    
      	
              (iii)

            	
              Intellectual Property. The Company and its subsidiaries own all right, title and interest in and to, or is validly licensed (and are not in
                material breach of such licenses), all intellectual property that is material to the conduct of the business, as currently conducted, of the Company and its subsidiaries (collectively, the "Company
                  Intellectual Property Rights"). All such Company Intellectual Property Rights are sufficient, in all material respects, for conducting the business, as currently conducted, of the Company and its subsidiaries, and to the knowledge
                of the Vendor, all such Company Intellectual Property Rights are valid and enforceable (subject to the effects of bankruptcy, insolvency, reorganization, moratorium or laws relating to or affecting creditors' rights generally), do not
                infringe upon the intellectual property rights of any third party, and are not subject to any litigation, investigation, complaint or demand respecting an allegation of infringement upon the intellectual property of any third party;

            

    

    
      	
              (h)

            	
              Corporate Records. The corporate records of the Company have been delivered to the Purchaser and are complete and accurate in all material
                respects and all corporate proceedings and actions reflected therein have been conducted or taken in compliance with all applicable laws and with the constating documents of the Company, and without limiting the generality of the foregoing:
                (i) the minute books contain complete and accurate minutes of all meetings of the directors (and any committee thereof) and shareholders of the Company; (ii) such minute books contain all written resolutions passed by the directors (and any
                committee thereof) and shareholders of the Company; (iii) the share certificate books, if any, the central securities register and register of transfers, and branch registers, of the Company are complete and accurate, and all transfers of
                shares of the Company reflected therein have been duly completed and approved; and (iv) the registers of directors and officers are complete and accurate and all former and present directors and officers of the Company were duly elected or
                appointed as the case may be;

            

    

    
      	
              (i)

            	
              Authorized and Issued Capital.  The authorized capital of the Company consists of 20,000 ordinary shares of
                which, at this date, 20,000 ordinary shares (and no more) have been issued and are outstanding as fully paid. All of the Purchased Shares have been issued in
                compliance with all applicable laws including, without limitation, applicable securities laws. Except as disclosed in this paragraph (i), there are no securities, options, warrants, stock appreciation rights, restricted stock units,
                conversion privileges or other rights, agreements, arrangements or commitments (pre-emptive, contingent or otherwise) of any character whatsoever to which the Company or any of its subsidiaries is a party or by which any of the Company or
                its subsidiaries may be bound, obligating or which may obligate the Company or any of its subsidiaries to issue, grant, deliver, extend, or enter into any such security, option, warrant, stock appreciation right, restricted stock unit,
                conversion privilege or other right, agreement, arrangement or commitment and no dividend or distribution of any kind is or has been declared, paid or made by the Company on any of the Purchased Shares for the benefit of any Vendor;

            

    

    
      	
              (j)

            	
              No Other Agreements to Purchase.  Except for the Purchaser's right under this Agreement, no person has any written or oral agreement, option or
                warrant or any right or privilege (whether by law, pre‐emptive or contractual) capable of becoming such for the purchase or acquisition from the Vendor of any of the Purchased Shares;

            

      
        5

        
          

      

    

    
      	
              (k)

            	
              Title to Purchased Shares.  The Purchased Shares are owned by the Vendor as the registered and beneficial owner with a good title, free and clear
                of all liens, charges, pledges, security interests and other encumbrances other than those restrictions on transfer, if any, contained in the articles of the Company.  Upon completion of the transaction contemplated by this Agreement, the
                Purchaser will have good and valid title to the Purchased Shares, free and clear of all liens, charges, pledges, security interests and other encumbrances other than (i) those restrictions on transfer, if any, contained in the articles of
                the Company, and (ii) liens granted by the Purchaser;

            

    

    
      	
              (l)

            	
              No Action.  The Vendor is not aware of any action, suit or proceeding, at law or at equity, for or by any court or any federal, provincial,
                municipal or other governmental department, commission, board, agency or instrumentality which would prevent or materially adversely affect the transactions contemplated by this Agreement;

            

    

    
      	
              (m)

            	
              Compliance with Laws. The Company and each of its subsidiaries have complied with and are not in violation, in any material respect, of any
                applicable laws, including (but not limited to) consumer protection, advertising, and gaming laws. Neither the Company nor any of its subsidiaries has received any written notices or other written correspondence from any governmental entity
                (1) regarding any violation (or any investigation, inspection, audit, or other proceeding by any governmental entity involving allegations of any violation) of any law or (2) of any circumstances that may have existed or currently exist
                which could lead to a loss, suspension, or modification of, or a refusal to issue, any material authorization. To the knowledge of the Vendor, no investigation, inspection, audit or other proceeding by any governmental entity involving
                allegations of any material violation of any law is threatened or contemplated. Neither the Company, its subsidiaries nor, to the knowledge of the Vendor, any of their directors, executives, representatives, agents or employees (i) has used
                or is using any corporate funds for any illegal contributions, gifts, entertainment or other expenses relating to political activity that would be illegal, (ii) has used or is using any corporate funds for any direct or indirect illegal
                payments to any foreign or domestic governmental officials or employees, (iii) has violated or is violating any provision of the United States Foreign Corrupt Practices Act of 1977, the Corruption of Foreign Public Officials Act (Canada) or
                any similar laws of other jurisdictions, (iv) has established or maintained, or is maintaining, any illegal fund of corporate monies or other properties or (v) has made any bribe, illegal rebate, illegal payoff, influence payment, kickback
                or other illegal payment of any nature;

            

       

      

      
        6

        
          

      

    

    
      	
              (n)

            	
              Taxes.

            

    

    
      	
              (A)

            	
              The Company and each of its subsidiaries has duly and timely filed all material tax returns required to be filed prior to the date hereof with the appropriate governmental entities and
                all such tax returns are true and correct in all material respects;

            

    

    
      	
              (B)

            	
              The Company and each of its subsidiaries has duly and timely paid all material taxes, including all instalments on account of taxes for the
                current year that are due and payable by it whether or not assessed by the appropriate governmental entity;

            

    

    
      	
              (C)

            	
              The Company and each of its subsidiaries has duly and timely collected all material amount of all taxes required to be collected and has duly
                and timely paid and remitted the same to the appropriate governmental entity;

            

    

    
      	
              (D)

            	
              There are no material proceedings, investigations, audits or claims now pending against the Company or its subsidiaries in respect of any taxes and no governmental entity has asserted in
                writing, or to the knowledge of the Vendor, has threatened to assert against the Company or its subsidiaries any deficiency or claim for taxes or interest thereon or penalties in connection therewith;

            

    

    
      	
              (E)

            	
              There are no outstanding agreements, arrangements, waivers or objections extending the statutory period or providing for an extension of time
                with respect to the assessment or reassessment of taxes or the filing of any tax return by, or any payment of taxes by, the Company or any of its subsidiaries;

            

    

    
      	
              (F)

            	
              To the knowledge of the Vendor, there are no material encumbrances for taxes upon any property or assets of the Company and its subsidiaries
                (whether owned or leased);

            

    

    
      	
              (G)

            	
              The Company or its subsidiaries are not a party to any agreement, understanding, or arrangement relating to allocating or sharing any material
                amount of taxes; and

            

    

    
      	
              (H)

            	
              The Company and each of its subsidiaries has duly and timely withheld from any amount paid or credited by it to or for the account or benefit
                of any person, including any employees and any non-resident person, the amount of all material taxes and other deductions required by any laws to be withheld from any such amount and has duly and timely remitted the same to the appropriate
                governmental entity;

            

    

    
      	
              (o)

            	
              Financial Statements. The Company’s financial statements as at and for the fiscal year ended December 31, 2019 (including the notes thereto) (the "Financial Statements") have been made available to the Purchaser, were prepared in accordance with GAAP acceptable in Colombia, applying IFRS standards, and were consistently applied and present fairly,
                in all material respects, the financial position, financial performance and cash flows of the Company for the dates and periods indicated therein and reflect reserves required by GAAP in respect of all material contingent liabilities, if
                any, of the Company, and do not contain any false or incorrect statement or omit material information that must be disclosed in accordance with applicable law. There has been no material change in the Company’s accounting policies since
                December 31, 2019;

            

      
        7

        
          

      

    

    
      	
              (p)

            	
              No Material Change. Since December 31, 2019,

            

    

    
      	
              (A)

            	
              The Company and its subsidiaries has conducted its business only in the ordinary course, excluding matters relating to the proposed Agreement;

            

    

    
      	
              (B)

            	
              There has not occurred any event, occurrence or development or a state of circumstances or facts which has had or would, individually or in the
                aggregate, reasonably be expected to have any material adverse effect;

            

    

    
      	
              (C)

            	
              There has not been any acquisition or sale by the Company or its subsidiaries of any material property or assets;

            

    

    
      	
              (D)

            	
              There has not been any incurrence, assumption or guarantee by the Company or its subsidiaries of any material debt for borrowed money, any creation or assumption by the Company or its
                subsidiaries of any encumbrance or any making by the Company or its subsidiaries of any material loan, advance or capital contribution to or investment in any other Person, except as disclosed in the Financial Statements; and

            

    

    
      	
              (E)

            	
              The Company has not affected or passed any resolution to approve a split, consolidation or reclassification of any of the Purchased Shares;

            

    

    
      	
              (q)

            	
              No Undisclosed Liabilities. The Company has no material outstanding indebtedness, liability or obligation (including liabilities or obligations to
                fund any operations or work program, to give any guarantees or for taxes), whether accrued, absolute, contingent or otherwise, and is not party to or bound by any suretyship, guarantee, indemnification or assumption agreement, or
                endorsement of, or any other similar commitment with respect to the obligations, liabilities or indebtedness of any person; and

            

    

    
      	
              (r)

            	
              Books and Records. The financial books, records and accounts of the Company and its subsidiaries (the “Books and Records”): (i) have been delivered to the Purchaser, (ii) have been maintained in accordance with applicable laws and GAAP on a basis consistent with prior years; (ii) are stated in
                reasonable detail and accurately and fairly reflect the material transactions, acquisitions and dispositions of the assets of the Company and its subsidiaries; and (iii) accurately and fairly reflect the basis for the Financial Statements.

            

    

    Section 5   As Is, Where Is.

    The Purchaser expressly acknowledges that the Purchaser hereby agrees to purchase the Purchased Shares on an “as is, where is” basis, and the Vendors make no further or other
      representations, warranties or assurances, expressed or implied, concerning the Purchased Shares, the Company or their respective businesses, prospects, employees, customers, operations or liabilities.

    
      8

      
        

    

    Section 6  Purchaser's Representations and Warranties.

    The Purchaser represents and warrants as follows to the Vendors at the date of this Agreement and acknowledges and confirms that the Vendors are relying on such representations
      and warranties in connection with the sale by the Vendors of the Purchased Shares:

    
      	
              (a)

            	
              Incorporation and Qualification.  The Purchaser is a corporation incorporated and existing under the laws of the Province of Ontario. The Purchaser
                has the corporate power to enter into and perform its obligations under this Agreement;

            

    

    
      	
              (b)

            	
              Corporate Authority.  The execution and delivery of and performance by the Purchaser of this Agreement have been authorized by all necessary
                corporate action on the part of the Purchaser;

            

    

    
      	
              (c)

            	
              No Violation or Breach.  The execution and delivery of and performance by the Purchaser of this Agreement:

            

    

    
      	
              (i)

            	
              will not (or would not with the giving of notice, the lapse of time or the happening of any other event or condition) result in a breach or violation of or a conflict with, or allow any
                other person to exercise any rights under, any of the terms or provisions of the Purchaser’s constating documents or by-laws;

            

    

    
      	
              (ii)

            	
              will not (or would not with the giving of notice, the lapse of time or the happening of any other event or condition) result in a breach or violation of or a conflict with, or allow any
                other person to exercise any rights under any contracts or instruments to which the Purchaser is a party; and

            

    

    
      	
              (iii)

            	
              will not result in the violation of any law;

            

    

    
      	
              (d)

            	
              Execution and Binding Obligation.  This Agreement has been duly executed and delivered by the Purchaser and constitutes a legal, valid and binding
                agreement of the Purchaser enforceable against it in accordance with its terms subject only to any limitation under applicable laws relating to (i) bankruptcy, winding-up, insolvency, arrangement and other laws of general application
                affecting the enforcement of creditors' rights, and (ii) the discretion that a court may exercise in the granting of equitable remedies such as specific
                performance and injunction; and

            

       

      

      
        9

        
          

      

    

    
      	
              (e)

            	
              Compliance with Laws. Neither the Purchaser nor, to the knowledge of the Purchaser, any of their directors, executives, representatives, agents or
                employees (i) has used or is using any corporate funds for any illegal contributions, gifts, entertainment or other expenses relating to political activity that would be illegal, (ii) has used or is using any corporate funds for any direct
                or indirect illegal payments to any foreign or domestic governmental officials or employees, (iii) has violated or is violating any provision of the United States Foreign Corrupt Practices Act of 1977, the Corruption of Foreign Public
                Officials Act (Canada) or any similar laws of other jurisdictions, (iv) has established or maintained, or is maintaining, any illegal fund of corporate monies or other properties or (v) has made any bribe, illegal rebate, illegal payoff,
                influence payment, kickback or other illegal payment of any nature.

            

    

    Section 7  Deliveries.

     

      

    
      	
              (1)

            	
              Deliveries to the Purchaser.  Upon execution of this Agreement, the Vendors shall deliver to the Purchaser actual possession of the share
                certificates representing the Purchased Shares, duly endorsed in favor of the Purchaser.

            

    

    
      	
              (2)

            	
              Receipt by Purchaser.  By executing this Agreement, the Purchaser acknowledges receipt of the Purchased Shares.

            

    

    
      	
              (3)

            	
              Deliveries to the Vendors.  Upon execution of this Agreement, the Purchaser shall deliver to the Vendors evidence of payment in full of the cash purchase price,.

            

    

    
      	
              (4)

            	
              Receipt by Vendors.  By executing this Agreement, the Vendors acknowledge receipt of the document delivered pursuant to Section 7(3) and
                acknowledge that the cash purchase price for the Purchased Shares, being USD$235,000, has been paid in full.

            

    

    Section 8  Enurement.

    This Agreement becomes effective when executed by the Vendors and the Purchaser.  After that time, it will be binding upon and enure to the benefit of the parties and their
      respective successors heirs, executors, administrators, legal representatives and permitted assigns.  Neither this Agreement nor any of the rights or obligations under this Agreement, including any right to payment, may be assigned or transferred, in
      whole or in part, by either party without the prior written consent of the other party.

    Section 9  Entire Agreement.

    This Agreement constitutes the entire agreement between the parties with respect to the transactions contemplated in this Agreement and supersedes all prior agreements,
      understandings, negotiations and discussions, whether oral or written, of the parties with respect to such transactions.  There are no representations, warranties, covenants, conditions or other agreements, express or implied, collateral, statutory
      or otherwise, between the parties in connection with the subject matter of this Agreement, except as specifically set forth in this Agreement.  The parties have not relied and are not relying on any other information, discussion or understanding in
      entering into and completing the transactions contemplated by this Agreement.

    
      10

      
        

    

    Section 10 Waiver.

    No waiver of any of the provisions of this Agreement will constitute a waiver of any other provision (whether or not similar). No waiver will be binding unless executed in
      writing by the party to be bound by the waiver.  A party’s failure or delay in exercising any right under this Agreement will not operate as a waiver of that right.  A single or partial exercise of any right will not preclude a party from any other
      or further exercise of that right or the exercise of any other right it may have.

    Section 11 Further Assurances.

    Each of the parties covenants and agrees to do such things, to attend such meetings, to deliver or to execute such further documents, information and assurances as may be deemed
      necessary or advisable from time to time in order to carry out the terms and conditions of this Agreement in accordance with their true intent.

    Section 12 Severability.

    If any provision of this Agreement is determined to be illegal, invalid or unenforceable, by an arbitrator or any court of competent jurisdiction from which no appeal exists or
      is taken, that provision will be severed from this Agreement and the remaining provisions will remain in full force and effect.

    Section 13 Indemnity.

    For a period of 12 months following the date hereof, the Purchaser shall indemnify the Vendors and the Vendors shall indemnify the Purchaser, its subsidiaries and their
      respective officers, directors and employees (to the extent that such persons are assessed with statutory liability thereto) for all direct and indirect costs or losses, liabilities, damages, claims, costs, expenses, interest awards, judgments and
      penalties, including any adverse tax consequences, out-of-pocket costs and expenses, including out-of-pocket legal fees and disbursements, suffered or incurred in connection with or as a result of (i) any breach by the applicable party of such
      party’s representations and warranties and (ii) any non-performance by the applicable party of such party’s covenants or agreements contained in this Agreement.

    The indemnified party shall give notice in writing to the indemnifying party as soon as practicable upon being served with any statement of claim, writ, notice of motion,
      indictment, subpoena, investigation order or other document commencing, threatening or continuing any claim (each, a “Claim”) involving the indemnified party which may result in a claim for indemnification
      under this Section 13, and the indemnifying party agrees to give the indemnified party notice in writing as soon as practicable upon it being served with any Claim involving the indemnified party. Such notice shall include a description of the Claim,
      a summary of the facts giving rise to the Claim and, if possible, an estimate of any potential liability arising under the Claim. Failure by the indemnified party to so notify the indemnifying party of any Claim shall not relieve the indemnifying
      party from liability under this Section 13 except to the extent that the failure materially prejudices the indemnifying party.

    
      11

      
        

    

    Promptly after receiving written notice from the indemnified party of any Claim (other than a Claim by or on behalf of the indemnifying party to procure a judgment in its favour
      against the indemnified party), unless the indemnified party elects otherwise, in its sole discretion, the indemnifying party shall in a timely manner assume conduct of the defence thereof and retain counsel on behalf of the indemnified party who is
      reasonably satisfactory to the indemnified party, to represent the indemnified party in respect of the Claim. The indemnified party consents to the conduct thereof and of any action taken by the indemnifying party, in good faith, in connection
      therewith, and the indemnified party shall fully cooperate in such defence including, without limitation, the provision of documents, attending examinations for discovery, making affidavits, meeting with counsel, testifying and divulging to the
      indemnifying party all information reasonably required to defend or prosecute the Claim. In the event that the indemnified party elects to assume conduct of the defence on its own behalf, the indemnified party shall promptly following the
      indemnifying party’s reasonable request, consult with the indemnified party and keep the indemnifying party apprised of the progress in respect of any Claim; provided, however, that failure by the indemnified party to so keep the indemnifying party
      apprised of the progress of any Claim shall not relieve the indemnifying party from liability under this Section 13 except to the extent that the failure materially prejudices the indemnifying party.

    No admission of liability with respect to the indemnified party shall be made by either the indemnifying party or the indemnified party without the prior written consent of the
      other party, such consent not to be unreasonably withheld or delayed, unless such settlement includes an unconditional general release of the indemnified party without any admission of negligence, misconduct, liability or responsibility by the
      indemnified party.

    Once the validity and amount of an indemnity claim has been finally determined (the “Claim Amount”) by agreement between the indemnifying
      party and the indemnified party or by binding, final and non-appealable determination or settlement, then the indemnifying party will promptly pay the Claim Amount to the indemnified party.

    Section 14 Non-Disclosure.

    For a period of two years following the date hereof, the parties hereto will keep confidential and refrain from using all information obtained by it in connection with the
      transactions contemplated by this Agreement relating to any other party hereto, provided however that such obligation shall not apply to any information which was in the public domain at the time of its disclosure to a party or which subsequently
      comes into the public domain other than as a result of a breach of such party’s obligations under this Section 14.  For greater certainty, nothing contained herein shall prevent any disclosure of information which may be required pursuant to
      applicable laws or pursuant to an order in judicial or administrative proceedings or any other order made by any governmental authority. In addition, except with the prior written consent of the Purchaser, each of the Vendors and their respective
      employees, agents, consultants, advisors and other representatives will hold all information received from the Purchaser and Company in strictest confidence, except such information and documents available to the public or as are required to be
      disclosed by applicable law.

    
      12

      
        

    

    Section 15 Non-Solicit/Non-Compete.

    Each of the Vendors agrees that, other than as consented to in writing by the Purchaser, he or she shall not (A) carry out acts or operations that (i) solicits or attempts to
      entice away, hires or engages any person who is at any time employed or engaged to perform services by the Purchaser or the Company (or their subsidiaries), or (ii) competes directly, seeks to compete, or adversely interferes with Purchaser or the
      Company (or their subsidiaries’) business activities, or (B) participate, personally, professionally, or by way of an interest in any entity, in the cultivation, manufacturing, marketing, or import or export of psychoactive or non-psychoactive
      cannabis (including hemp) or any of its derivatives.

    Section 16 Non-Disparagement.

    The Vendors agree not to criticize, denigrate, disparage or speak negatively, whether personally or through any employee, agent, consultant, advisor and other representative,
      about the Purchaser or the Company (or any of their subsidiaries), their brands or products, or their directors, officers, employees, accountants, counsel or other agents and representatives, (i) publicly, (ii) in writing, or (iii) to any media
      outlet, television station or program, radio station or program, newspaper, magazine, website, editor, reporter, journalist, photo-journalist, interviewer, author, columnist, blogger, writer, or current or former employee.

    Section 17 Governing Law.

    This Agreement is governed by, and will be interpreted and construed in accordance with, the laws of the Province of Ontario and the federal laws of Canada applicable therein
      (without regard to conflict of law principles).

    Section 18 Counterparts.

    This Agreement may be executed in any number of counterparts, each of which is deemed to be an original, and such counterparts together constitute one and the same instrument. 
      Transmission of an executed signature page by facsimile, email or other electronic means is as effective as a manually executed counterpart of this Agreement.

    [signature page follows]

    
      13

      
        

    

    

    

    The parties have executed this Share Purchase Agreement as of the day, month and year first written above.

    	 	 	 	/s/Santiago Mora Bahamon	 
	 	 	 	
            Santiago Mora Bahamon

             

             

             

          	 
	 	 	 	/s/Laura Londono Tapia	 
	 	 	 	
            Laura Londono Tapia

             

             

             

          	 
	 	 	 	/s/Pablo Silva	 
	 	 	 	
            Pablo Silva

             

             

             

          	 
	 	 	 	/s/Stefan Lauer	 
	 	 	 	
            Stefan Lauer

             

          	 
	 	 	 	 	 
	 	 	 	FLORA GROWTH CORPORATION	 
	 	 	 	 	 
	 	 	 	By: /s/Luis Merchan

          	 
	 	 	 	Name:Luis Merchan

          	 
	 	 	 	Title:CEO

          	 

    

    

    

    

    
      14

      
        

    

    

    

    SCHEDULE “A”

    CONSIDERATION ALLOCATION TABLE

    
      	
              Vendor

            	
              %age of Consideration

            
	
              Santiago

            	
              78.70%

            
	
              Laura

            	
              13.00%

            
	
              Pablo

            	
              5.98%

            
	
              Stefan

            	
              2.32%

            

    

    

    

  

  15

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