DEFINITION AND INTERPRETATION 1. Section 1.1 To Be Read With Indenture 1 Section 1.2 Definitions. 1 Section 1.3 Conflicts with Indenture 2
Section 1.4 Headings, etc. 2 Section 1.5 Governing Law. 2 Section 2.1 Creation and Designation of 2023 Convertible Notes 3 Section 2.2 Aggregate Principal Amount 3 Section 2.3 Authentication 3 Section 2.4 Date of Issue and Maturity 3 Section 2.5 Currency 3 Section 2.6 Interest 4 Section 2.7 Permitted Pari-Passu Indebtedness 4 Section 2.8 Optional Redemption 4 Section 2.9 Form of 2023 Convertible Notes 4
DEFINITION AND INTERPRETATION 1. Section 1.1 To Be Read With Indenture 1 Section 1.2 Definitions 1 Section 1.3 Conflicts with Indenture 2 Section 1.4 Headings, etc. 2 Section 1.5 Governing Law 2 Section 2.1 Creation and Designation of 2023 Convertible Notes 3 Section 2.2 Aggregate Principal Amount 3 Section 2.3 Authentication 3 Section 2.4 Date of Issue and Maturity 3 Section 2.5 Currency 3 Section 2.6 Interest 4 Section 2.7 Permitted Pari-Passu Indebtedness 4 Section 2.8 Optional Redemption 4 Section 2.9 Form of 2023 Convertible Notes 4 ARTICLE 3 CONVERSION OF NOTES 5 Section 3.1 Note Conversion 5 Section 3.2 Conversion by U.S. Persons 7 Section 3.3 Transfer Fees and Taxes 8 Section 3.4 Note Agency 8 Section 3.5 Securities Restrictions 8 ARTICLE 4 ADJUSTMENT OF NUMBER OF COMMON SHARES AND CONVERSION PRICE 9 Section 4.1 Adjustment of Number of Common Shares and Conversion Price 9 Section 4.2 Entitlement to Common Shares on Conversion of 2023 Convertible Notes 12 Section 4.3 No Adjustment for Certain Transactions 12 Section 4.4 Determination by Auditors 13 Section 4.5 Proceedings Prior to any Action Requiring Adjustment 13 Section 4.6 Certificate of Adjustment 13 Section 4.7 Notice of Special Matters 13 Section 4.8 Protection of Trustee 13 Section 4.9 Other Adjustments 14 Section 4.10 Participation by Holder 14 Section 5.1 Acceptance of Trust 14 Section 5.2 Confirmation of Indenture 14 Section 5.3 Effective Date 14 Section 5.4 Counterparts 15 Section 5.5 Fax/Email 15 Section 5.6 Force Majeure 15 Section 5.7 Trial by Jury 15 SCHEDULE “A” Form of Global Note Certificate SCHEDULE “B” Form of Conversion Notice THIS FIRST SUPPLEMENTAL INDENTURE dated as of June 19, 2020 BETWEEN: COLUMBIA CARE INC., a company subsisting under the laws of the Province of British Columbia (hereinafter called the “Issuer”) - and - ODYSSEY TRUST COMPANY, a trust company incorporated under the laws of the Province of Alberta authorized to carry on the business of a trust company in British Columbia (hereinafter called the “Trustee”).
