Common use of Restructuring Term Sheet Clause in Contracts

Restructuring Term Sheet. This term sheet (together with all exhibits, annexes and schedules hereto, this “Restructuring Term Sheet”) sets forth certain material terms of proposed restructuring and recapitalization transactions (the “Restructuring Transactions”) with respect to the capital structure of AYR Wellness, Inc., a company subsisting under the laws of the Province of British Columbia (“AYR”) and its direct and indirect subsidiaries (each such entity, including AYR, a “Company Party”, and, collectively, the “Company Parties”) that will be implemented in accordance with the terms and conditions of the Restructuring Support Agreement dated as of July 30, 2025 (together with all exhibits, annexes and schedules thereto, including this Restructuring Term Sheet together with all exhibits, annexes and schedules thereto, each as amended, supplemented or modified in accordance with the terms thereof, the “RSA”), to which this Restructuring Term Sheet is attached.1 This Restructuring Term Sheet does not purport to summarize all of the terms and conditions that would be required in connection with the Restructuring Transactions or that will be set forth in the Definitive Documents (as defined below). This Restructuring Term Sheet is subject in all respects to the terms of the RSA and the negotiation, execution and delivery of the Definitive Documents, each of which shall be consistent with the RSA and acceptable to the Ad Hoc Committee (as defined in the RSA).