Michael Steele Avonlea - Drewry Holdings Inc.Letter Agreement • May 12th, 2017 • Canadian Cannabis Corp. • Services-business services, nec • British Columbia
This letter of intent (this "Letter Agreement") sets out the terms (the "Transaction Terms") of which J. Proust & Associates Inc. ("JPA") is authorized to negotiate an agreement (the "Transaction Agreement") on behalf of a company listed on a Canadian stock exchange (the "Listed Company") with CCAN as described below. The Listed Company is entering into this LOI with Michael Steele ("Steele") and Avonlea - Drewry Holdings Inc. ("Avonlea") in order to provide Steele and Avonlea with the opportunity to work with CCAN and the Listed Company in order to finalize the Transaction Agreement pursuant to which CCAN will agree to sell its wholly owned subsidiary, The Clinic Network Inc. ("TCN") to the Listed Company. If the Listed Company and CCAN enter into the Transaction Agreement, then this Letter Agreement will become null, void and of no further force and effect. Subject to and in accordance with the terms and conditions hereinafter contained, this Letter Agreement is intended to constitut
Escrow AgreementEscrow Agreement • May 12th, 2017 • Canadian Cannabis Corp. • Services-business services, nec
Norton Rose Fulbright Canada LLP, a limited liability partnership carrying on the practice of law in the Province of Alberta (the Escrow Agent)
SETTLEMENT AGREEMENTSettlement Agreement • May 12th, 2017 • Canadian Cannabis Corp. • Services-business services, nec • Ontario
THIS SETTLEMENT AGREEMENT (the or this “Agreement”) is made effective as of the 27th day of March, 2017 (the “Effective Date”), by and among The Clinic Network, an Ontario Corporation (“TCN”), Canadian Cannabis Corp., a Delaware corporation (“CCC”), Canada Cannabis Corp., an Ontario corporation (“CCCSub”), 2264793 Ontario Inc., an Ontario Corporation (“2264793”), Avonlea-Drewry Holdings Inc., an Ontario corporation (“ADH”) and Avonlea Ventures Inc., an Ontario corporation (“AV”). For the purposes of this Agreement, each of the foregoing may be referred to individually as a “Party” or collectively as the “Parties”.
THIS SECURITY AGREEMENT is dated March 27th, 2017 and made between: RECITALS:Security Agreement • May 12th, 2017 • Canadian Cannabis Corp. • Services-business services, nec • Ontario
NOW THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the Corporation and the Lender agree as follows:
