Document:

Employment Agreement Brendan Kennedy

 EXHIBIT 10.6 

TILRAY, INC. 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is entered on this 30th of May, 2018, by and between Tilray, Inc. (the
“Company” or “Tilray”, and Brendan Kennedy (“Executive”). 
 RECITALS 

WHEREAS, the Company employs Executive as its Chief Executive Officer (“CEO”) and President, and Company and Executive wish to enter
into this Agreement to embody the terms of such employment; and 
 WHEREAS, the Company and Executive wish to amend and supersede any prior
employment agreements, offer letters, or other understandings regarding Executive’s employment, whether written or oral. 
 AGREEMENT

 NOW, THEREFORE, in consideration of the promises and mutual covenants herein and for other good and valuable consideration, the
parties agree as follows: 
 1.    Duties and Scope of Employment. 

(a)    Positions and Duties. Executive will continue to serve as the Company’s CEO and President. Executive
will continue to render such business and professional services in the performance of Executive’s duties as are customarily associated with Executive’s position within the Company and Executive agrees to perform such other duties and
functions as shall from time to time be reasonably assigned or delegated to Executive by Tilray’s Board of Directors (the “Board”). The period of Executive’s employment under this Agreement is referred to herein as the
“Employment Term.” Executive will continue to work out of the Company’s Seattle, Washington office. Executive will report to the Board. 

(b)    Obligations. During the Employment Term, Executive will perform Executive’s duties faithfully and to
the best of Executive’s ability and will devote Executive’s full business efforts and time to the Company. For the duration of the Employment Term, Executive agrees not to engage in any other competitive employment, occupation or
consulting activity, or any other employment, occupation or consulting activity for any direct or indirect remuneration, without the prior approval of the Board. Notwithstanding the foregoing, Executive may serve as Executive Chairman of the Board
of Privateer Holdings, Inc. In addition, Executive Employee shall be entitled to (i) serve on corporate, civic or charitable boards or committees, (ii) deliver lectures, fulfill speaking engagements,-teach at educational institutions, or
engage in or perform research activities and (iii) manage personal investments, so long as such activities do not materially interfere with the performance of Employee’s duties or responsibilities pursuant to this Agreement. 

2.    At-Will Employment. Subject to Sections 7 and 8 below, the Company
agrees to employ Executive, and Executive agrees to serve the Company, on an “at-will” basis, which means that either the Company or Executive may terminate Executive’s employment with the
Company at any 

 
time and for any or no reason. 
 3.    Compensation. 

(a)    Base Salary. During the Employment Term, the Company will pay Executive as compensation for Executive’s
services an annual base salary of $425,000.00 USD per year, as may be increased from time to time at the discretion of the Board or a duly constituted committee of the Board (the “Base Salary”). The Base Salary will be paid in
regular installments in accordance with the Company’s normal payroll practices (subject to required withholding and applicable deductions). Any increase in Base Salary (together with the then existing Base Salary) shall serve as the “Base
Salary” for future employment under this Agreement. The first and last installment payment(s) will be adjusted, if necessary, to reflect a commencement or termination date other than the first or last working day of a pay period. 

(b)    Annual Bonus. Executive will be eligible for an annual target bonus of one hundred percent (100%) of
Executive’s Base Salary that may be awarded in cash and/or equity at the Company’s discretion. The actual bonus paid, if any, shall be based on the attainment of Company and Executive performance objectives established by the Board or a
duly constituted committee of the Board (“Committee”) and communicated in advance to Executive (“Annual Bonus”), with any Annual Bonus actually payable to the Executive determined by the Board or its Committee. To
be eligible to receive such Annual Bonus, if any, Executive must be employed by the Company on the last day of the Company’s fiscal year. 

(c)    Tilray Stock Option Grants. Subject to approval by the Board or its Committee, under the Tilray, Inc. Equity
Incentive Plan (the “Tilray Plan”), the Company shall grant Executive an option to purchase 3,000,000 shares of the Company’s Common Stock (“First Option”) at fair market value as determined by the Board or its
Committee as of the date of grant. Promptly following the completion of the Company’s Initial Public Offering (“IPO”), subject to approval by the Board or its Committee, the Company shall grant Executive an option to purchase a
number of shares of the Company’s Common Stock (“Second Option”) at fair market value as determined by the Board or its Committee as of the date of grant, such that the number of shares subject to the Second Option, when
combined with the number of shares of Common Stock subject to the First Option and Tilray Restricted Stock Units (defined below), equals four-percent of the sum of the Company’s aggregate shares of Common Stock then outstanding and the shares
of Common Stock then reserved for issuance under the Tilray Plan. The First Option and Second Option will be subject to the terms and conditions of the Tilray Plan and Executive’s grant agreement. Executive’s grant agreement for the First
Option will include a vesting schedule, under which 25% is vested on the one-year anniversary of the vesting commencement date of January 1, 2017 and the remainder vests 6.25% each calendar quarter
following such first anniversary. Executive’s grant agreement for the Second Option will include a vesting schedule, under which 25% is vested on the first anniversary of the grant date, and the remainder vests 6.25% each calendar quarter
following such first anniversary. 
 (d)    Tilray Restricted Stock Unit Grant. Subject to approval by the Board
or its Committee, under the Tilray Plan, the Company shall grant Executive 750,000 restricted stock units (the “Restricted Stock Units”) of the Company’s Common Stock. The Restricted Stock Units will be subject to the terms and
conditions of the Tilray Plan and Executive’s grant agreement. Executive’s 

 
grant agreement will include a vesting schedule, under which 25% is vested on the one-year anniversary of the vesting commencement date of January 1,
2017 and the remainder vests 6.25% each calendar quarter following such first anniversary. 
 4.    Company-Paid
Toronto Housing. Because the performance of Executive’s duties hereunder will require Executive to spend a significant portion of his time in Toronto, Canada, the Company shall either provide an apartment in the greater Toronto area for
Executive’s use or reimburse Executive’s rent to maintain such an apartment. 
 5.    Employee Benefits.
Executive will be eligible to participate in the Company benefit programs that are made available to all the Company’s full-time employees, subject to the terms, conditions, and eligibility criteria of such programs. Benefits will commence
the on the first day of the calendar month following the Start Date. Company benefit policies may be amended from time to time at the discretion of the Company. It is also important to note that the Company reserves the right to change their
respective benefits at any time, with or without notice. 
 6.    Business and Professional Expenses. During the
Employment Term, the Company will reimburse Executive for reasonable travel, entertainment or other expenses incurred by Executive in the furtherance of or in connection with the performance of Executive’s duties hereunder, in accordance with
the Company’s expense reimbursement policy as in effect from time to time. In addition, subject to pre-approval and in accordance with 1(a) of this Agreement which requires you to hold and maintain
pertinent professional accreditation(s), the Company will reimburse you for reasonable costs associated with ongoing required professional development and membership in applicable professional organizations. Reimbursement for these expenses will be
in accordance with the Company’s expense reimbursement policy as in effect from time to time 

7.    Termination on Death or Disability. 

(a)    Executive’s employment will terminate automatically upon Executive’s death or, upon fourteen
(14) days prior written notice from the Company, in the event of Disability (as defined below). 
 (b)    For
purposes of this Agreement, “Disability” means that Executive, at the time notice is given, has been unable to perform the essential duties of Executive position for not less than one-hundred
and eighty (180) work days within a twelve (12) consecutive month period as a result of Executive’s incapacity due to a physical or mental condition and, if reasonable accommodation is required by law, after any reasonable
accommodation, as determined by a physician selected by the Company and the Executive. If the Company and the Executive cannot agree on physician, each party shall select a physician and the two physicians shall select a third who shall be the
approved physician for this purpose. Upon any termination for death or Disability (as defined in the preceding sentence), Executive shall be entitled to: (i) Executive’s Base Salary through the effective date of termination; (ii) any
Annual Bonus earned but not yet paid, which shall be paid at the time the Company pays annual bonuses to its other senior executives; (iii) the right to continue health care benefits under COBRA, at Executive’s cost, to the extent required
and available by law; (iv) reimbursement of expenses for which Executive is entitled to be reimbursed pursuant to Section 6 above, but for which Executive has not yet been reimbursed; and (v) all other amounts and benefits

 
of any kind required by law or pursuant to any other Company plans or policies, as then in effect (collectively, the “Accrued Obligations”). 

8.    Involuntary Termination Without Cause or Resignation for Good Reason. 

(a)    Effect of Termination. The Company shall be entitled to terminate Executive with or without Cause (as
defined below), provided the Company may not terminate the Executive for Cause unless and until the Executive has been given a reasonable opportunity to appear in person before a meeting of the Board with his counsel and given and adequate
opportunity to be heard. Executive may resign with or without Good Reason. 
 (i)    If Executive is terminated by the
Company for any reason or the Executive resigns with or without Good Reason, the Company will pay Executive the Accrued Obligations. 

(ii)    If Executive is terminated by the Company without Cause (excluding any termination due to death or Disability (as
defined above)), or Executive resigns for Good Reason (as defined below), then, in either case, and subject to the limitations of Sections 8(b) and 24 below, Executive shall be entitled to receive: 

(1)    severance pay in the form of a lump sum payment equal to three times Executive’s Base Salary and target
annual bonus, as then in effect (less applicable withholding) within sixty (60) days following Executive’s termination of employment; 

(2)    100% accelerated vesting of all of Executive’s then unvested stock options, restricted stock units and other
equity-based awards; and 
 (3)    if Executive timely elects continuation coverage pursuant to the Consolidated
Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then the Company will reimburse Executive for the COBRA
premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination) until the earlier of (A) a period of thirty-six (36) months from the date of
termination or (B) the date upon which Executive and/or Executive’s eligible dependents are no longer eligible for COBRA continuation coverage. The reimbursements will be made by the Company to Executive consistent with the Company’s
normal expense reimbursement policy. Notwithstanding the first sentence of this Section 8(a)(i)(2), if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating, or being subject to
an excise tax under, applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company will in lieu thereof provide to Executive a taxable lump sum payment in an amount equal to eighteen months of the
monthly COBRA premium that Executive would be required to pay to continue the group health coverage for Executive and/or Executive’s eligible dependents in effect on the termination of employment date (which amount will be based on the premium
for the first month of COBRA coverage), which payment will be made within sixty (60) days of Executive’s termination of employment regardless of whether Executive and/or Executive’s eligible dependents elect COBRA continuation
coverage. For the avoidance of doubt, the taxable payment in lieu of COBRA reimbursements may be used for any 

 
purpose, including, but not limited to continuation coverage under COBRA, and will be subject to all applicable tax withholdings. 

(iii)    Upon a Change in Control vesting on all of Executive’s then unvested stock options, restricted stock units
and any other equity-based awards shall be accelerated such that no less than 100% are fully vested as of the date of the Change in Control. Except as specifically revised by this Agreement, the exercise of Executive’s vested options and shares
shall continue to be governed by the terms and conditions of the Company’s applicable stock plan and stock agreements. 

(b)    Conditions Precedent. Any severance payments and/or benefits contemplated by Section 8(a) above are
conditional on Executive: (i) continuing to comply with the terms of this Agreement and the Confidentiality Agreement (as defined below); (ii) delivering, and not revoking, in the form reasonably acceptable to the Company, a general release of
claims relating to Executive’s employment and/or this Agreement against the Company or its successor, its subsidiaries and their respective directors, officers and stockholders, in the form attached hereto as Exhibit A, (a
“Release”) that becomes effective and irrevocable by the sixtieth (60th) day following the termination of Executive’s employment (the “Release Deadline”); and (iii) in the event of a resignation for
Good Reason, providing the Company with written notice of the acts or omissions constituting the grounds for Good Reason within ninety (90) days-of Executive’s actual knowledge of the initial existence of the grounds for Good Reason and an
opportunity for the Company to cure the conditions giving rise to such Good Reason, which shall end thirty (30) days following the date of notice from Executive. If the Company fails to cure the condition(s) giving rise to such Good Reason
within the thirty (30) day cure period, Executive must resign from employment within nine (90) days after the end of the cure period. If the Company cures the conditions giving rise to such Good Reason within thirty (30) days of the
date of such notice, Executive will not be entitled to severance payments and/or benefits contemplated by Section 8(a) above if Executive thereafter resigns from the Company based on such grounds. In no event will severance payments or benefits
be paid or provided until the Release actually becomes effective and irrevocable. If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any right to severance payments or benefits under this
Agreement. If the Release becomes effective by the Release Deadline, payment of severance or other benefits under this Agreement will commence on the Company’s next regular payroll period following the
60-day anniversary of the date of Executive’s termination, subject to Section 24. Except as required by Section 23, any payments delayed from the date of Executive’s employment terminates
through the Release Deadline will be payable in a lump sum without interest on the Company’s next regular payroll period following the 60-day anniversary of the date of Executive’s termination, and
all other amounts will be payable in accordance with the payment schedule applicable to each payment or benefit. Notwithstanding the foregoing, this Section 8(b) shall not limit Executive’s ability to obtain expense reimbursements under
Section 6 or any other compensation or benefits otherwise required by law or in accordance with written Company plans or policies, as then in effect. 

9.    Definitions. 

(a)    Cause. For purposes of this Agreement, “Cause” shall mean (i) Executive’s willful
and deliberate refusal to follow a lawful material directive from the Board; (ii) any act of personal dishonesty, fraud, embezzlement, misrepresentation, or other unlawful act committed by the Executive that results in a substantial gain or
personal enrichment of the Executive at the 

 
expense of the Company; (iii) the Executive’s violation of a federal or state law or regulation applicable to the Company’s business, which violation was or is reasonably likely to
be materially injurious to the Company; (iv) the Executive’s conviction of, or a plea of nolo contendre or guilty to, a felony under the laws of the United States or any state; or (v) the Executive’s material breach of the terms
of this Agreement or the Confidentiality Agreement; provided, however, in each case of (i) through (v), the Board provides written notice to the Executive of the specific act(s) alleged to constitute “Cause” and the Executive failures
to cure such act(s) within thirty (30) days after the Executive’s receipt of such written notice. 

(b)    Change in Control. For purposes of this Agreement, “Change in Control” shall have the same
meaning ascribed to it in the Tilray Equity Incentive Plan. 
 (c)    Good Reason. For purposes of this
Agreement, “Good Reason” shall mean, without Executive’s written consent: (i) there is a material reduction of the level of Executive’s compensation (except where there is a general reduction applicable to the
management team generally), (ii) the Executive is no longer the Chief Executive Office and President of the Company or the Executive no longer reports directly to the Board, (iii) there is a material reduction in Executive’s
responsibility, duties or authority; (iv) there is a material breach of this Agreement by the Company; or (v) a change in the geographic location at which Executive must perform. Executive’s services; provided, that in no instance
will the relocation of Executive to a facility or a location of fifty (50) miles or less from Executive’s then current office location be deemed material for purposes of this Agreement. 

10.    Indemnification. The Company shall indemnify the Executive, to the maximum extent permitted by applicable
law, and in the same or better manner and to the same or better extent with respect to each aspect of the indemnification as provided to any other executive of the Company, against all costs, charges and expenses incurred or sustained by the
Executive in connection with any action, suit or proceeding to which the Executive may be made a party, brought by any shareholder of the Company directly or derivatively or by any third party by reason of any act or omission of the Executive as an
officer, director or employee of the Company or of any subsidiary or affiliate of the Company. The Company shall ensure that Executive is covered under the Company’s directors and officers insurance to the maximum extent permitted by law and
shall not allow such coverage to lapse as a result of the Executive’s termination of employment or otherwise. 

11.    Assignment. Neither party may assign, transfer or convey this Agreement without the other party’s prior
written consent. Notwithstanding the forgoing, this Agreement will be binding upon and inure to the benefit of the heirs, executors and legal representatives of Executive upon Executive’s death. 

12.    Notices. All notices, requests, demands and other communications called for under this Agreement shall be in
writing and shall be delivered personally by hand or by courier, mailed by United States first-class mail, postage prepaid, or sent by facsimile directed to the party to be notified at the address or facsimile number indicated for such party on the
signature page to this Agreement, or at such other address or facsimile number as such party may designate by ten (10) days’ advance written notice to the other parties hereto. All such notices and other communications shall be deemed
given upon personal delivery, three (3) days after the date of mailing, or upon confirmation of facsimile transfer. 

 13.    Severability. In the event that any provision of this Agreement
becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement will continue in full force and effect without said provision. 

14.    Company Matters. 

(a)    Proprietary Information and Inventions. Executive acknowledges and agrees to be bound and abide by the terms
of the Tilray, Inc. Proprietary Information and Inventions Agreement that Executive must execute as a precondition to Executive’s initial and continued employment with the Company (the “Confidentiality Agreement”), including
the provisions governing non-competition and the non-disclosure of confidential information and restrictive covenants contained therein. 

(b)    Resignation on Termination. On termination of employment, regardless of the reason for such termination,
Executive shall immediately (and with contemporaneous effect) resign any directorships, offices or other positions held in the Company, unless otherwise agreed in writing by the parties. 

15.    Integration. This Agreement, together with the Confidentiality Agreement, the Tilray Equity Incentive Plan
and any stock option agreement between the Company and Employee (except as specifically modified by this Agreement) represents the entire agreement and understanding between the parties as to the subject matter herein and supersedes all prior or
contemporaneous agreements whether written or oral. No waiver, alteration or modification of any of the provisions of this Agreement will be binding unless in writing and signed by duly authorized representatives of the parties hereto. 

16.    Tax. Withholding; Equilization. All payments made pursuant to this Agreement will be subject
to withholding of applicable taxes. To the extent Executive’s compensation and or benefits provided by the Company are subject to income or social security taxation in Canada and not offset by the U.S. foreign tax credit, the Company shall
reimburse Executive for such taxes on after tax basis. 
 17.    Waiver. No party shall be deemed to have waived
any right, power or privilege under this Agreement or any provisions hereof unless such waiver shall have been duly executed in writing and acknowledged by the party to be charged with such waiver. The failure of any party at any time to insist on
performance of any of the provisions of this Agreement shall in no way be construed to be a waiver of such provisions, nor in any way to affect the validity of this Agreement or any part hereof. No waiver of any breach of this Agreement shall be
held to be a waiver of any other subsequent breach. 
 18.    Governing Law. This Agreement will be governed by
the laws of the State of Washington without regard for conflict of law provisions. 
 19.    Attorneys’ Fees.
In the event Executive is required to engage in legal action, whether before a court of competent jurisdiction or in arbitration, against any other party hereto, either as plaintiff or defendant, in order to enforce or defend any of his rights
under this Agreement, and such action results in a final judgment in favor of Executive, then the Company shall reimburse the Executive for all legal fees and expenses incurred by Executive in asserting or defending his rights

 
hereunder. Furthermore, if following a Change of Control Executive must bring a claim to enforce Executive’s rights, and such claim results in payments to Executive, then whether or not
reduced to a final judgment, Executive shall be reimbursed for reasonable legal fees incurred. 
 20.    No Duty to
Mitigate. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any provisions of this Agreement and such amounts shall not be reduced
regardless of whether the Executive obtains other employment. 
 21.    Counterparts. This Agreement may be
executed in multiple counterparts, each of which shall be deemed to be an original, and all such counterparts shall constitute but one instrument. 

22.    Effect of Headings. The section and subsection headings contained herein are for convenience only and shall
not affect the construction hereof. 
 23.    Construction of Agreement. This Agreement has been negotiated by
the respective parties, and the language shall not be construed for or against either party. 

24.    Section 409A. 

(a)    Notwithstanding anything to the contrary in this Agreement, no severance pay or benefits to be paid or provided to
Executive, if any, pursuant to this Agreement that, when considered together with any other severance payments or separation benefits, are considered deferred compensation under Section 409A of the Code, and the final regulations and any
guidance promulgated thereunder (“Section 409A”) (together, the “Deferred Payments”) will be paid or otherwise provided until Executive has a “separation from service” within the meaning of
Section 409A. Similarly, no severance payable to Executive, if any, pursuant to this Agreement that otherwise would be exempt from Section 409A pursuant to Treasury Regulation
Section 1.409A-1(b)(9) will be payable until Executive has a “separation from service” within the meaning of Section 409A. 

(b)    Notwithstanding anything to the contrary in this Agreement, if Executive is a “specified employee” within
the meaning of Section 409A at the time of Executive’s termination (other than due to death), then the Deferred Payments, if any, that are payable within the first six (6) months following Executive’s separation from service, will
become payable on the first payroll date that occurs on or after the date six (6) months and one (1) day following the date of Executive’s separation from service. All subsequent Deferred Payments, if any, will be payable in
accordance with the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if Executive dies following Executive’s separation from service, but before the six (6) month anniversary of the
separation from service, then any payments delayed in accordance with this paragraph will be payable in a lump sum as soon as administratively practicable after the date of Executive’s death and all other Deferred Payments will be payable in
accordance with the payment schedule applicable to each payment or benefit. Each payment and benefit payable under this Agreement is intended to constitute a separate payment under Section 1.409A-2(b)(2)
of the Treasury Regulations. 
 (c)    It is intended that any amount paid under this Agreement that satisfies the
requirements of the “short-term deferral” rule set forth in Section 1.409A-l (b)(4) of the Treasury 

 
Regulations will not constitute Deferred Payments for purposes of clause (i) above. 

(d)    It is intended that any amount paid under this Agreement that qualifies as a payment made as a result of an
involuntary separation from service pursuant to Section 1.409A -l (b)(9)(iii) of the Treasury Regulations that does not exceed the Section 409A Limit (as defined below) will not constitute Deferred Payments for purposes of clause
(i) above. “Section 409A Limit” will mean two (2) times the lesser of: (i) Executive’s annualized compensation based upon the annual rate of pay paid to Executive during the Executive’s taxable year
preceding the Executive’s taxable year of Executive’s termination of employment as determined under, and with such adjustments as are set forth in, Treasury Regulation 1.409A- l(b)(9)(iii)(A)( l) and any Internal Revenue Service guidance
issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(l7) of the Code for the year in which Executive’s employment is terminated. 

(e)    To the extent any reimbursements or in-kind benefits provided under this
Agreement constitute nonqualified deferred compensation subject to Code Section 409A, all such reimbursements and in-kind benefits shall be made or provided in accordance with the requirements of
Section 409A of the Code, including, where applicable, the requirement that (1) any reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (2) the
amount of expenses eligible for reimbursement, or in kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in kind benefits to be provided, in any other calendar year; (3) the reimbursement of
an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred; and (4) the right to reimbursement or in kind benefits is not subject to liquidation or exchange for another
benefit. 
 (f)    The foregoing provisions are intended to comply with the requirements of Section 409A so that
none of the severance payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. The Company and Executive agree to work together
in good faith to consider amendments to this Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition before actual payment to Executive under
Section 409A. Executive agrees and acknowledges that the Company makes no representations or warranties with respect to the application of Section 409A and other tax consequences to any payments hereunder and, by the acceptance of any such
payments, Executive agrees to accept the potential application of Section 409A and the other tax consequences of any payments made hereunder. 

[Signature page follows.] 

 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the
Company by their duly authorized officers, as of the day and year first above written. 
  

			
	“COMPANY”
	TILRAY, INC.
		
	By:	 	/s/ Michael Auerbach
		 	Michael Auerbach, authorized member of the Company’s Board of Directors
	
	Address:
	
	 1920 Eastlake Ave East
 Seattle, WA
98102

  

	
	“EXECUTIVE”
	
	/s/ Brendan Kennedy
	Brendan Kennedy
	
	Address:Employment Agreement Mark Castaneda

 EXHIBIT 10.7 

TILRAY, INC. 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is entered into on May 30, 2018, and effective as of the day of the
Company’s initial public offering (the “Effective Date”) entered by and between Tilray, Inc. (the “Company” or “Tilray”, and Mark Castaneda (“Executive”). 

R E C I T A L S 
 WHEREAS,
the Company and the Executive have previously entered in an employment letter agreement, dated March 12, 2018 (the “Prior Agreement”), which the Company and the Executive intend to replace with this Agreement; and 

WHEREAS, the Company desires to continue to employ the Executive and the Executive desires to continue to be employed by the Company on the
new terms and conditions contained herein which, upon the Effective Date, shall supersede and replace the Prior Agreement; 
 A G R E E M
E N T 
 NOW, THEREFORE, in consideration of the promises and mutual covenants herein and for other good and valuable consideration, the
parties agree as follows: 
 1. Duties and Scope of Employment. 

(a) Positions and Duties. Executive will serve as the Company’s Chief Financial Officer. Executive will render such business and
professional services in the performance of Executive’s duties as are customarily associated with Executive’s position within the Company and Executive agrees to perform such other duties and functions as shall from time to time be
reasonably assigned or delegated to Executive by Tilray’s Chief Executive Officer. The period of Executive’s employment under this Agreement is referred to herein as the “Employment Term.” Executive’s primary location
will be in the Company’s Toronto, Ontario office. Executive will report to the Chief Executive Officer. 
 (b) Obligations.
During the Employment Term, Executive will perform Executive’s duties faithfully and to the best of Executive’s ability and will devote Executive’s full business efforts and time to the Company. For the duration of the Employment
Term, Executive agrees not to engage in any other competitive employment, occupation or consulting activity, or any other employment, occupation or consulting activity for any direct or indirect remuneration, without the prior approval of the Board.

 2. At-Will Employment. The Company agrees to employ Executive, and Executive agrees to
serve the Company, on an “at-will” basis, which means that either the Company or Executive may terminate Executive’s employment with the Company and the Employment Term at any time and for any
or no reason. 
 3. Compensation. 

(a) Base Salary. During the Employment Term, the Company will pay Executive as compensation for Executive’s services an annual
base salary of $230,000.00 USD per year, as may be increased from time to time at the discretion of the Board or a duly constituted committee of the Board (the “Compensation Committee”) (the “Base Salary”). The Base
Salary will be paid in regular installments in accordance with the Company’s normal payroll practices (subject to required withholding and applicable deductions). Any increase in Base Salary (together with the then existing Base Salary) shall
serve as the 

 
“Base Salary” for future employment under this Agreement. The first and last installment payment(s) will be adjusted, if necessary, to reflect a commencement or termination date other
than the first or last working day of a pay period. 
 (b) Annual Bonus. Executive will be eligible for an annual target bonus of
fifty percent (50%) of Executive’s Base Salary that may be awarded in cash and/or equity at the Company’s discretion. The actual bonus paid, if any, shall be based on the attainment of Company and individual Executive performance
objectives established by the Compensation Committee (“Annual Bonus”). If earned, the Annual Bonus will be paid in the year following the year to which such Annual Bonus relates, provided the Executive remains continuously employed
by the Company through the last day of the applicable bonus period. 
 (c) Long-Term Incentive Compensation. During the Employment
Term, Executive may be eligible to receive long-term equity incentive compensation awards, as determined by the Compensation Committee in its discretion) pursuant to the Company’s equity incentive compensation plans and programs in effect from
time to time, including, without limitation. These awards shall be granted in the discretion of the Board and shall include such terms and conditions (including vesting terms and conditions) as the Board deems appropriate.. 

4. Employee Benefits. Executive will be eligible to participate in the Company benefit programs that are made available to all the
Company’s full-time employees, subject to the terms, conditions, and eligibility criteria of such programs. Company benefit policies may be amended from time to time at the discretion of the Company. It is also important to note that the
Company reserves the right to change their respective benefits at any time, with or without notice. 
 5. Business Expenses. During
the Employment Term, the Company will reimburse Executive for reasonable travel or other expenses incurred by Executive in the furtherance of or in connection with the performance of Executive’s duties hereunder, in accordance with the
Company’s expense reimbursement policy as in effect from time to time. 
 6. Termination Generally.  

(a) Executive’s employment will terminate automatically upon Executive’s death or, upon fourteen (14) days’ prior written
notice from the Company, in the event of Disability (as defined below). Further, (a) the Company shall be entitled to terminate Executive’s employment with or without Cause (as defined below) and (b) Executive may resign with or
without Good Reason by providing thirty (30) days’ prior notice (subject to Section 7(b), below). Notwithstanding the foregoing, in the event that the Executive gives notice of termination to the Company, the Company may unilaterally
accelerate the date of such termination, and such acceleration shall not result in a termination by the Company for purposes of this Agreement. For clarity, upon any termination of Executive’s employment for any reason, the Employment Term
hereunder shall also terminate. 
 (b) Upon any termination of employment hereunder, Executive shall be entitled to:
(i) Executive’s Base Salary through the effective date of termination; (ii) the right to continue health care benefits under COBRA, at Executive’s cost, to the extent required and available by law; (iii) reimbursement of
expenses for which Executive is entitled to be reimbursed, if any, pursuant to Section 5 above, but for which Executive has not yet been reimbursed; (iv) unless such termination was by the Company for Cause, any Annual Bonus for a prior
year that has been earned pursuant to Section 3(b), above, and the applicable annual bonus plan, but not yet paid to Executive, and (v) all other amounts and benefits of any kind required by law or pursuant to any other Company plans or
policies, as then in effect (collectively, the “Accrued Obligations”). 

  
 2 

 7. Termination Without Cause or Resignation for Good Reason. 

(a) Effect of Termination. If Executive’s employment is terminated by the Company without Cause (excluding any termination due to
death or Disability), or Executive resigns for Good Reason (as defined below), then, in addition to the Accrued Obligations, and subject to the limitations of Sections 7(b) and 21 below, Executive shall be entitled to receive: 

(1) severance pay in an amount equal to twenty four (24) months of the Executive’s Base Salary as then in effect (less applicable
withholding), payable in substantially equal instalments in accordance with the Company’s regular payroll practices, payable as provided in Section 7(b), below; and 

(2) if Executive timely elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
(“COBRA”) within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then the Company will reimburse Executive for the COBRA premiums for such coverage (at the coverage levels in
effect immediately prior to Executive’s termination) until the earlier of (A) a period of up to twenty four (24) months from the date of termination or (B) the date upon which Executive and/or Executive’s eligible
dependents are no longer eligible for COBRA continuation coverage. The reimbursements will be made by the Company to Executive consistent with the Company’s normal expense reimbursement policy. Notwithstanding the first sentence of this
Section 7(a)(i)(2), if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating, or being subject to an excise tax under, applicable law (including, without limitation,
Section 2716 of the Public Health Service Act), the Company will in lieu thereof provide to Executive a taxable monthly payment, payable on the last day of a given month (except as provided by the following sentence) in an amount equal to the
monthly COBRA premium that Executive would be required to pay to continue the group health coverage for Executive and/or Executive’s eligible dependents in effect on the termination of employment date (which amount will be based on the premium
for the first month of COBRA coverage), which payments will be made regardless of whether Executive and/or Executive’s eligible dependents elect COBRA continuation coverage and will commence on the month following Executive’s termination
of employment and will end on the earlier of (x) the date upon which Executive obtains other employment or (y) the date the Company has paid an amount equal to six (6) payments. Any such taxable monthly payments that otherwise would
have been paid to Executive within the sixty (60) days following Executive’s termination date instead will be paid on the sixty-first (61st) day following Executive’s termination of employment, with any remaining payments paid as
provided in the prior sentence (subject to any delay as may be required by Section 21). For the avoidance of doubt, the taxable payments in lieu of COBRA reimbursements may be used for any purpose, including, but not limited to continuation
coverage under COBRA, and will be subject to all applicable tax withholdings. 
 (b) Conditions Precedent. Any severance payments
and/or benefits contemplated by Section 7(a) above are conditional on Executive: (i) continuing to comply with the terms of this Agreement and the Confidentiality Agreement (as defined below); (ii) delivering, and not revoking, in
the form provided by the Company, a separation agreement including general release of claims against the Company or its successor, its subsidiaries and their respective directors, officers and stockholders and other related parties and an
affirmation of obligations hereunder and under the Confidentiality Agreement(a “Release”) that becomes effective and irrevocable by the sixtieth (60th) day following the termination of Executive’s employment (the
“Release Deadline”); and (iii) in the event of a resignation for Good Reason, providing the Company with written notice of the acts or omissions constituting the grounds for Good Reason within ninety (90) days of the
initial existence of the grounds for Good Reason and an opportunity for the Company to cure the conditions giving rise to such Good Reason, which shall not be less than thirty (30) days following the date of notice from Executive. If the
Company fails to cure the condition(s) giving rise to 

  
 3 

 
such Good Reason within such cure period, Executive must resign from employment within thirty (30) days after the end of the cure period. If the Company cures the conditions giving rise to
such Good Reason within thirty (30) days of the date of such notice, Executive will not be entitled to severance payments and/or benefits contemplated by Section 7(a) above if Executive thereafter resigns from the Company based on
such grounds. In no event will severance payments or benefits be paid or provided until the Release actually becomes effective and irrevocable. If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit
any right to severance payments or benefits under this Agreement. If the Release becomes effective by the Release Deadline, payment of severance or other benefits under this Agreement will commence on the Company’s next regular payroll period
following the 60-day anniversary of the date of Executive’s termination, subject to Section 21. Except as required by Section 21, any payments delayed from the date of Executive’s
employment terminates through the Release Deadline will be payable in a lump sum without interest on the Company’s next regular payroll period following the 60-day anniversary of the date of
Executive’s termination, and all other amounts will be payable in accordance with the payment schedule applicable to each payment or benefit. Notwithstanding the foregoing, this Section 7(b) shall not limit Executive’s ability to
obtain expense reimbursements under Section 5 or any other compensation or benefits otherwise required by law or in accordance with written Company plans or policies, as then in effect.

(c) Upon a Change in Control (as defined in the Company’s 2018 Equity Incentive Plan) vesting of any then outstanding stock options or
other compensatory equity awards granted to you by the Company shall be accelerated such that no less than 100% fully vested as of the date of the Change in Control. In addition, if within twelve (12) months after a Change in Control,
Executive’s employment is terminated by the Company without Cause (excluding any termination due to death or Disability (as defined above)), or resigns for Good Reason, then, in either case, and subject to the limitations of Sections 7(b) and
21, Executive shall be entitled to receive; (A) the benefits set forth in Section 7(a); and (B) full accelerated vesting of any then unvested shares of Common Stock subject to any option or other compensatory equity award then held by
Executive, and no other severance or benefits of any kind (other than as set forth in Section 7(a), unless required by law or pursuant to any written Company plans or policies, as then in effect. Except as specifically revised by this
Agreement, the exercise of Executive’s vested options and shares shall continue to be governed by the terms and conditions of the Company’s applicable stock plan and stock agreements; provided, however, that to the extent Executive and the
Company have entered into a written stock option agreement that provides for vesting terms more favorable to Executive than those provided for in this Section 7(c), the more favorable terms in that separate agreement will control. 

8. Definitions. 
 (a)
Cause. For purposes of this Agreement, “Cause” shall mean (i) any act of personal dishonesty, fraud, embezzlement, misrepresentation, or other unlawful act committed by the Executive that results in a substantial gain or
personal enrichment of the Executive at the expense of the Company; (ii) the Executive’s violation of a federal or state law or regulation applicable to the Company’s business, which violation was or is reasonably likely to be
materially injurious to the Company; (iii) the Executive’s commission of, or a plea of nolo contendre or guilty to, a felony under the laws of the United States or any state; or (iv) the Executive’s material breach of the terms
of this Agreement or the Confidentiality Agreement. 
 (b) Disability. For purposes of this Agreement “Disability”
means that Executive, at the time notice of termination is given, has been unable to substantially perform Executive’s position for not less than one-hundred and twenty (120) work days within a
twelve (12) consecutive month period as a result of Executive’s incapacity due to a physical or mental condition and, if reasonable accommodation is required by law, after any reasonable accommodation. 

  
 4 

 (c) Good Reason. For purposes of this Agreement, “Good Reason” shall
mean, without Executive’s written consent: (i) there is a material reduction of the level of Executive’s base compensation opportunity (except where there is a general reduction applicable to the management team generally), (ii)there
is a material reduction in Executive’s overall responsibilities or authority, or scope of duties; or (iii) a change in the geographic location at which Executive must perform Executive’s services; provided, that in no instance will
the relocation of Executive to a facility or a location of fifty (50) miles or less from Executive’s then current office location be deemed material for purposes of this Agreement. 

9. Assignment. This Agreement will be binding upon and inure to the benefit of: (a) the heirs, executors and legal representatives
of Executive upon Executive’s death, and (b) any successor of the Company. Any such successor of the Company will be deemed substituted for the Company under the terms of this Agreement for all purposes. For this purpose,
“successor” means any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires all or substantially all of the assets or business of the Company. None
of the rights of Executive to receive any form of compensation payable pursuant to this Agreement may be assigned or transferred except by will or the laws of descent and distribution. Any other attempted assignment, transfer, conveyance or other
disposition of Executive’s right to compensation or other benefits will be null and void. 
 10. Notices. All notices, requests,
demands and other communications called for under this Agreement shall be in writing and shall be delivered personally by hand or by courier, mailed by United States first-class mail, postage prepaid, or sent by facsimile directed to the party to be
notified at the address or facsimile number indicated for such party on the signature page to this Agreement, or at such other address or facsimile number as such party may designate by ten (10) days’ advance written notice to the other
parties hereto. All such notices and other communications shall be deemed given upon personal delivery, three (3) days after the date of mailing, or upon confirmation of facsimile transfer. 

11. Severability. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be
illegal, unenforceable or void, this Agreement will continue in full force and effect without said provision. 
 12. Company Matters.

 (a) Proprietary Information and Inventions. Executive acknowledges and agrees to be bound and abide by the terms of the Tilray,
Inc. Proprietary Information and Inventions Agreement that Executive executed as a precondition to Executive’s initial and continued employment with the Company (the “Confidentiality Agreement”), including the provisions
governing non-competition and the non-disclosure of confidential information and restrictive covenants contained therein. 

(b) Resignation on Termination. On termination of employment, regardless of the reason for such termination, Executive shall
immediately (and with contemporaneous effect) resign any directorships, offices or other positions held in the Company or any affiliate, unless otherwise agreed in writing by the parties. 

13. Integration. This Agreement, together with the Confidentiality Agreement represents the entire agreement and understanding between
the parties as to the subject matter herein and supersedes all prior or contemporaneous agreements whether written or oral (including, without limitation, the Prior Agreement). No waiver, alteration or modification of any of the provisions of this
Agreement will be binding unless in writing and signed by duly authorized representatives of the parties hereto. 
 14. Tax
Withholding. All payments made pursuant to this Agreement will be subject to withholding of applicable taxes. 

  
 5 

 15. Waiver. No party shall be deemed to have waived any right, power or privilege under
this Agreement or any provisions hereof unless such waiver shall have been duly executed in writing and acknowledged by the party to be charged with such waiver. The failure of any party at any time to insist on performance of any of the provisions
of this Agreement shall in no way be construed to be a waiver of such provisions, nor in any way to affect the validity of this Agreement or any part hereof. No waiver of any breach of this Agreement shall be held to be a waiver of any other
subsequent breach. 
 16. Governing Law. This Agreement will be governed by the laws of the [State of Washington] without regard for
conflict of law provisions. 
 17. No Duty to Mitigate. In no event shall the Executive be obligated to seek other employment or take
any other action by way of mitigation of the amounts payable to the Executive under any provisions of this Agreement and such amounts shall not be reduced regardless of whether the Executive obtains other employment. 

18. Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original, and all
such counterparts shall constitute but one instrument. 
 19. Effect of Headings. The section and subsection headings contained
herein are for convenience only and shall not affect the construction hereof. 
 20. Construction of Agreement. This Agreement has
been negotiated by the respective parties, and the language shall not be construed for or against either party. 
 21. Section 409A.

 (a) Notwithstanding anything to the contrary in this Agreement, no severance pay or benefits to be paid or provided to Executive, if any,
pursuant to this Agreement that, when considered together with any other severance payments or separation benefits, are considered deferred compensation under Section 409A of the Code, and the final regulations and any guidance promulgated
thereunder (“Section 409A”) (together, the “Deferred Payments”) will be paid or otherwise provided until Executive has a “separation from service” within the meaning of
Section 409A. Similarly, no severance payable to Executive, if any, pursuant to this Agreement that otherwise would be exempt from Section 409A pursuant to Treasury Regulation
Section 1.409A-1(b)(9) will be payable until Executive has a “separation from service” within the meaning of Section 409A. 

(b) Notwithstanding anything to the contrary in this Agreement, if Executive is a “specified employee” within the meaning of
Section 409A at the time of Executive’s termination (other than due to death), then the Deferred Payments, if any, that are payable within the first six (6) months following Executive’s separation from service, will become
payable on the first payroll date that occurs on or after the date six (6) months and one (1) day following the date of Executive’s separation from service. All subsequent Deferred Payments, if any, will be payable in accordance with
the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if Executive dies following Executive’s separation from service, but before the six (6) month anniversary of the separation from
service, then any payments delayed in accordance with this paragraph will be payable in a lump sum as soon as administratively practicable after the date of Executive’s death and all other Deferred Payments will be payable in accordance with
the payment schedule applicable to each payment or benefit. Each payment and benefit payable under this Agreement is intended to constitute a separate payment under Section 1.409A-2(b)(2) of the
Treasury Regulations. 
 (c) It is intended that any amount paid under this Agreement that satisfies the requirements

  
 6 

 
of the “short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations will not constitute Deferred Payments
for purposes of clause (a) above. 
 (d) It is intended that any amount paid under this Agreement that qualifies as a payment made as a
result of an involuntary separation from service pursuant to Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not exceed the Section 409A Limit (as defined below) will not
constitute Deferred Payments for purposes of clause (a) above. “Section 409A Limit” will mean two (2) times the lesser of: (i) Executive’s annualized compensation based upon the annual rate of
pay paid to Executive during the Executive’s taxable year preceding the Executive’s taxable year of Executive’s termination of employment as determined under, and with such adjustments as are set forth in, Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to
Section 401(a)(17) of the Code for the year in which Executive’s employment is terminated. 
 (e) To the extent any
reimbursements or in-kind benefits provided under this Agreement constitute nonqualified deferred compensation subject to Code Section 409A, all such reimbursements and
in-kind benefits shall be made or provided in accordance with the requirements of Section 409A of the Code, including, where applicable, the requirement that (1) any reimbursement is for expenses
incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement); (2) the amount of expenses eligible for reimbursement, or in kind benefits provided, during a calendar year may not affect the expenses
eligible for reimbursement, or in kind benefits to be provided, in any other calendar year; (3) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is
incurred; and (4) the right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit. 
 (f)
The foregoing provisions are intended to comply with the requirements of Section 409A so that none of the severance payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any
ambiguities herein will be interpreted to so comply. The Company and Executive agree to work together in good faith to consider amendments to this Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid
imposition of any additional tax or income recognition before actual payment to Executive under Section 409A. Executive agrees and acknowledges that the Company makes no representations or warranties with respect to the application of
Section 409A and other tax consequences to any payments hereunder and, by the acceptance of any such payments, Executive agrees to accept the potential application of Section 409A and the other tax consequences of any payments made
hereunder. 
 22. Parachute Payments. 

(a) If any payment or benefit the Executive would receive from the Company or otherwise in connection with a change in control of the Company
or other similar transaction (a “280G Payment”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code, and (ii) but for this sentence, be subject to the excise tax imposed
by Section 4999 of the Code (the “Excise Tax”), then any such 280G Payment (a “Payment”) shall be equal to the Reduced Amount. The “Reduced Amount” shall be either (x) the largest portion of the
Payment that would result in no portion of the Payment (after reduction) being subject to the Excise Tax or (y) the largest portion, up to and including the total, of the Payment, whichever amount (i.e., the amount determined by clause
(x) or by clause (y)), after taking into account all applicable federal, state and local employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable marginal rate), results in the Executive’s receipt, on an after-tax basis, of the greater economic benefit notwithstanding that all or some portion of the Payment may be subject to the Excise Tax. If a reduction in a Payment is required pursuant to the preceding sentence
and the Reduced Amount is determined pursuant to clause (x) of the preceding sentence, the reduction shall occur in the 

  
 7 

 
manner (the “Reduction Method”) that results in the greatest economic benefit for the Executive. If more than one method of reduction will result in the same economic benefit,
the items so reduced will be reduced pro rata (the “Pro Rata Reduction Method”). 
 (b) Notwithstanding the foregoing, if
the Reduction Method or the Pro Rata Reduction Method would result in any portion of the Payment being subject to taxes pursuant to Section 409A of the Code that would not otherwise be subject to taxes pursuant to Section 409A of the Code,
then the Reduction Method and/or the Pro Rata Reduction Method, as the case may be, shall be modified so as to avoid the imposition of taxes pursuant to Section 409A of the Code as follows: (A) as a first priority, the modification shall
preserve to the greatest extent possible, the greatest economic benefit for the Executive as determined on an after-tax basis; (B) as a second priority, Payments that are contingent on future events
(e.g., being terminated without Cause), shall be reduced (or eliminated) before Payments that are not contingent on future events; and (C) as a third priority, Payments that are “deferred compensation” within the meaning of
Section 409A of the Code shall be reduced (or eliminated) before Payments that are not deferred compensation within the meaning of Section 409A of the Code. 

(c) Unless the Executive and the Company agree on an alternative accounting firm, the accounting firm engaged by the Company for general tax
compliance purposes as of the day prior to the effective date of the change of control transaction triggering the Payment shall perform the foregoing calculations. If the accounting firm so engaged by the Company is serving as accountant or auditor
for the individual, entity or group effecting the change of control transaction, the Company shall appoint a nationally recognized accounting firm to make the determinations required hereunder. The Company shall bear all expenses with respect to the
determinations by such accounting firm required to be made hereunder. The Company shall use commercially reasonable efforts to cause the accounting firm engaged to make the determinations hereunder to provide its calculations, together with detailed
supporting documentation, to the Executive and the Company within fifteen (15) calendar days after the date on which the Executive’s right to a 280G Payment becomes reasonably likely to occur (if requested at that time by the Executive or
the Company) or such other time as requested by the Executive or the Company. 
 (d) If the Executive receives a Payment for which the
Reduced Amount was determined pursuant to clause (x) of Section 22(a) and the Internal Revenue Service determines thereafter that some portion of the Payment is subject to the Excise Tax, the Executive shall promptly return to the Company
a sufficient amount of the Payment (after reduction pursuant to clause (x) of the first paragraph of this Section so that no portion of the remaining Payment is subject to the Excise Tax. For the avoidance of doubt, if the Reduced Amount was
determined pursuant to clause (y) in Section 22(a), the Executive shall have no obligation to return any portion of the Payment pursuant to the preceding sentence 

[Signature page follows.] 
  

  
 8 

 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the
Company by their duly authorized officers, as of the day and year first above written. 
  

			
	“COMPANY”
	
	TILRAY, INC.
		
	By:	 	 /s/ Brendan Kennedy

	
	Address:
	
	1100 Maughan Road
	
	Nanaimo, BC V9X1J2

  

			
	“EXECUTIVE”
	
	 /s/ Mark Castaneda

	
	Address:
	      

	      

	Phone	 	      

	Email:

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