ACKNOWLEDGEMENT
Exhibit 10. 25
ACKNOWLEDGEMENT
| TO: | HARVEST HEALTH & RECREATION INC. (“HHR”) |
| HARVEST DISPENSARIES, CULTIVATIONS & PRODUCTION FACILITIES LLC (“Harvest DCP”) | |
| HARVEST ENTERPRISES, INC. (“Enterprises”) | |
| RE: | Put Option agreement (the “Agreement”) dated December 20, 2019, between Bridging Finance Inc., HHR, Harvest DCP and Enterprises |
The undersigned hereby acknowledges and confirms that:
| 1. | Capitalized terms not defined herein have the meanings given to those terms in the Agreement. |
| 2. | On the date hereof, each of the Dec. 31 Condition and the MJAR Closing Condition have been satisfied in full and the Put Option has expired, unexercised, in accordance with its terms. |
| 3. | The MJAR Closing Condition having been satisfied, a Security Termination Event has occurred in accordance with Section 3.2 of the Agreement. |
DATED this 31st day of December, 2019.
| BRIDGING FINANCE INC. | ||
| By: | /s/ Xxxxx Xxxxxx | |
| Name: | Xxxxx Xxxxxx | |
| Title: | Chief Executive Officer | |
