SEC Contract Filing

Filing Date: 2021-07-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea144172ex10-1_generation.htm
<DESCRIPTION>BIOMASSTOLLING AGREEMENT, DATED JULY 11, 2021, BUT EFFECTIVE AS OF JUNE 30, 2021, BY AND BETWEEN GENCANNA ACQUISITION CORP. AND GENH HALCYON ACQUISITION, LLC
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><U>Biomass
Tolling Agreement</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>THIS BIOMASS TOLLING AGREEMENT</B>
(this &ldquo;<U>Agreement</U>&rdquo;) is entered into as of the 30<SUP>th</SUP> day of June, 2021 (the &ldquo;<U>Effective Date</U>&rdquo;)
by and between <B>GenCanna Acquisition Corp.</B>, a Delaware corporation, having an address of 4274 Colby Road, Winchester, Kentucky 40392
(&ldquo;<U>GAC</U>&rdquo;), and <B>GENH Halcyon Acquisition, LLC, LLC</B>, a Texas limited liability company, having an address of 222
W. Exchange Avenue, Fort Worth, Texas 76164 (&ldquo;<U>Halcyon</U>&rdquo;). GAC and Halcyon are referred to collectively as the &ldquo;Parties&rdquo;
and individually as a &ldquo;Party&rdquo;.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">A.&nbsp;GAC
is a vertically integrated seed to sale company engaged in the business of, among others, cultivating and harvesting Biomass (as defined
below) for processing and extraction into product and selling such product;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">B.&nbsp;Halcyon
is involved in the business of providing post-harvest and midstream services to the hemp industry, including drying, processing and cleaning
services at Halcyon&rsquo;s facility located in Hopkinsville, Kentucky (&ldquo;<U>Halcyon Facility</U>&rdquo;); and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">C.&nbsp;The
Parties desire to enter into a tolling agreement whereby Halcyon will dry Biomass (as defined herein).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The Parties hereby agree as
follows:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>1.&nbsp;<FONT STYLE="font-size: 10pt"><U>Term</U>.</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">1.1&nbsp;The
initial term of this Agreement shall commence on the Effective Date and shall continue until December 31, 2022 (the &ldquo;<U>Initial
Term</U>&rdquo;), unless terminated earlier pursuant to <U>Section 6</U> hereof. Thereafter, the Initial Term may be automatically extended
for a period of six (6) months as provided for in <U>Section 3.10</U> below or the Parties may elect to extend the term of this Agreement
upon sixty (60) days&rsquo; notice for additional six (6) month periods by mutual written agreement (each a &ldquo;<U>Renewal Period</U>&rdquo;,
and all Renewal Periods collectively with the Initial Term, the &ldquo;<U>Term</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: left">2.
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>GAC Biomass</U>.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.1&nbsp;&ldquo;<U>Biomass</U>&rdquo;
means industrial hemp, whether wet or dried, grown in compliance with state and federal law, properly tested to ensure compliance with
tetrahydrocannabinol (&ldquo;<U>THC</U>&rdquo;) restrictions, and with respect to the dried Biomass, lawfully and timely harvested, and
chopped into 3/8-1 3/16&rdquo; pieces, and baled into bales not to exceed 2,500 pounds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">2.2&nbsp;GAC
owns approximately eight (8) million pounds of wet Biomass (the &ldquo;<U>GAC Biomass</U>&rdquo;). The GAC Biomass is currently located
at a facility formerly owned by Vertical Wellness, Inc. (&ldquo;Vertical Wellness&rdquo;) situated at 134 Roger Thomas Road, Cadiz, Kentucky
42211 (&ldquo;<U>Vertical Wellness Facility</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

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