SEC Contract Filing

Filing Date: 2022-11-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>5
<FILENAME>tm2229318d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>EXECUTION VERSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">October&#8239;27, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Greenlane Holdings Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">1095 Broken Sound Parkway, Suite&#8239;300</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Boca Raton, FL 33487</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Attn: Chief Executive Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Mr.&#8239;Kovacevich:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This letter (the &ldquo;<B>Agreement</B>&rdquo;)
constitutes the agreement between A.G.P./Alliance Global Partners, as placement agent (the &ldquo;<B>Placement Agent</B>&rdquo;), and
Greenlane Holdings,&#8239;Inc., a company incorporated under the laws of the State of Delaware (the &ldquo;<B>Company</B>&rdquo;), that
the Placement Agent shall serve as the placement agent for the Company, on a &ldquo;reasonable best efforts&rdquo; basis, in connection
with the proposed placement (the &ldquo;<B>Placement</B>&rdquo;) of units, with each unit consisting of a combination of (i)&#8239;one
share (a &ldquo;<B>Share</B>&rdquo; and, collectively, the &ldquo;<B>Shares</B>&rdquo;) of the Company&rsquo;s Class&#8239;A common stock,
par value $0.01 per share (the &ldquo;<B>Common Stock</B>&rdquo;), (ii)&#8239;one warrant to purchase a share of Common Stock of the Company
(the &ldquo;<B>Common Warrants</B>&rdquo;), and/or (iii)&#8239;pre-funded warrants to purchase one share of Common Stock (the &ldquo;<B>Pre-Funded
Warrants</B>&rdquo;, and together with the Common Warrants, the &ldquo;<B>Warrants</B>,&rdquo; and collectively with the Shares, the &ldquo;<B>Securities</B>&rdquo;),
depending on the beneficial ownership percentage of the purchaser of the Common Stock following its purchase. The Securities shall be
offered and sold under the Company&rsquo;s registration statement on Form&#8239;S-1 (File No.&#8239;333-267782) (the &ldquo;<B>Registration
Statement</B>&rdquo;). The Securities actually placed by the Placement Agent are referred to herein as the &ldquo;<B>Placement Agent Securities</B>.&rdquo;
The terms of the Placement shall be mutually agreed upon by the Company and the purchasers (each, a &ldquo;<B>Purchaser</B>&rdquo; and
collectively, the &ldquo;<B>Purchasers</B>&rdquo;); <I>provided, however</I>, that nothing herein shall obligate the Company to issue
any Securities or complete the Placement. The Company expressly acknowledges and agrees that the Placement Agent&rsquo;s obligations hereunder
are on a reasonable best efforts basis only and that the execution of this Agreement does not constitute a commitment by the Placement
Agent to purchase the Securities and does not ensure the successful placement of the Securities or any portion thereof or the success
of the Placement Agent with respect to securing any other financing on behalf of the Company. The Placement Agent may retain other brokers
or dealers to act as sub-agents or selected-dealers on its behalf in connection with the Placement. Certain affiliates of the Placement
Agent may participate in the Placement by purchasing some of the Placement Agent Securities. The sale of Placement Agent Securities to
any Purchaser will be evidenced by a securities purchase agreement (the &ldquo;<B>Purchase Agreement</B>&rdquo;) between the Company and
such Purchaser, in a form reasonably acceptable to the Company and the Purchaser. Capitalized terms that are not otherwise defined herein
have the meanings given to such terms in the Purchase Agreement. Prior to the signing of any Purchase Agreement, officers of the Company
will be available to answer inquiries from prospective Purchasers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -1in"><U>SECTION&#8239;1.</U>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>REPRESENTATIONS
AND WARRANTIES OF THE COMPANY; COVENANTS OF THE COMPANY</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">A.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Representations
of the Company</U>. With respect to the Placement Agent Securities, each of the representations and warranties (together with any related
disclosure schedules thereto) and covenants made by the Company to the Purchasers in the Purchase Agreement in connection with the Placement,
is hereby incorporated herein by reference into this Agreement (as though fully restated herein) and is, as of the date of this Agreement
an