SECOND AMENDMENT TO LEASE AGREEMENT

Exhibit 10.1

SECOND AMENDMENT TO LEASE AGREEMENT

THIS SECOND AMENDMENT TO LEASE AGREEMENT (this “Second Amendment”) is made and entered into as of June 27, 2022 (the “Effective Date”) by and between PW MI CanRE Marengo LLC, a Michigan limited liability company (“Landlord”), and Marengo Cannabis LLC, a Michigan limited liability company (“Tenant”).

RECITALS:

A. Landlord and Tenant are parties to the Lease Agreement dated September 3, 2021 (the “Original Lease”), and the Lease Amendment (the “First Amendment”) dated November 2, 2021, pursuant to which Tenant leases from Landlord the land and all improvements thereon located at 00000 X Xx X, Xxxxxxxx, XX 00000 as more particularly described in the Original Lease (the “Premises”).

B. Landlord and Tenant desire to amend the Lease as described xxxxx.

AGREEMENT:

THEREFORE, in consideration of the mutual covenants set forth herein, the Lease is hereby amended on the terms and conditions hereinafter set forth.

1. Initially capitalized terms not otherwise defined herein will have the meanings given to such terms in the Original Lease.

2. As of the Effective Date, the Monthly Rent schedule of the Original Lease and the Monthly Rent Schedule of the First Amendment are amended in their entirety to reflect the Rent Schedule attached as Exhibit 1.

3. This Second Amendment sets forth the entire understanding and agreement of the parties hereto in relation to the subject matter hereof.

4. Except as specifically amended, modified or supplemented herein, the Original Lease, as amended hereby, is hereby confirmed and ratified in all respects and will remain in full force and effect according to its terms. In the event of any conflict or inconsistency between the provisions of the Original Lease, the First Amendment and this Second Amendment, the provisions of this Second Amendment will control in all instances.

5. This Amendment may be executed in several counterparts, each of which will be deemed an original, and all of such counterparts together will constitute one and the same instrument. Executed copies hereof may be delivered by telecopy or electronic delivery, and upon receipt, will be deemed originals and binding upon the parties hereto.

6. Each party represents and warrants that, as of the date of this Amendment it has the unconditional and unrestricted right, power and authority to enter into this Amendment.

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed as of the date first written above.

[SIGNATURE PAGE TO FOLLOW]

	TENANT:

	Marengo Cannabis LLC,
	a Michigan limited liability company

	By:
	Name:
	Title:

	LANDLORD:

	PW MI CanRE Marengo LLC,

	a Michigan limited liability company

	By:
	Name:	Xxxxx X. Xxxxxx
	Title:	Authorized Signatory

JOINDER OF GUARANTOR

The Guarantor of the Original Lease join herein for the purposes of evidencing their consent to this Amendment, and agreement to be bound all obligations of the Tenant Parties under the Original Lease as amended by this Amendment. The obligations of the Tenant Parties herein shall be joint and several.

Millennium Cannabis LLC, a Delaware limited liability company

By:
Name:	Xxxxx X. Xxxxxx
Title:	Authorized Signatory

Exhibit 1 – Rent Schedule

Month	Date	Monthly Rent		Monthly Rent if Reset
1	1-Sep-21		-		NA
2	1-Oct-21		-		XX
0	0-Xxx-00		-		XX
0	0-Xxx-00		-		XX
0	1-Jan-22		-		NA
6	1-Feb-22		-		NA
7	1-Mar-22		-		XX
0	0-Xxx-00		-		XX
0	0-Xxx-00		-		XX
00	1-Jun-22		-		XX
00	0-Xxx-00		-		XX
00	0-Xxx-00		-		XX
00	1-Sep-22		-		NA
14	1-Oct-22		-		XX
00	0-Xxx-00		-		XX
00	0-Xxx-00		-		XX
00	1-Jan-23		355,665.79		NA
18	1-Feb-23		355,665.79		NA
19	1-Mar-23		355,665.79		NA
20	1-Apr-23		355,665.79		NA
21	1-May-23		355,665.79		XX
00	0-Xxx-00		000,000.00		XX
00	0-Xxx-00		711,331.58		NA
24	1-Aug-23		711,331.58		NA
25	1-Sep-23		711,331.58		XX
00	0-Xxx-00		000,000.00		XX
00	0-Xxx-00		711,331.58		NA
28	1-Dec-23		711,331.58		NA
29	1-Jan-24		711,331.58		NA
30	1-Feb-24		711,331.58		NA
31	1-Mar-24		711,331.58		NA
32	1-Apr-24		711,331.58		NA
33	1-May-24		711,331.58		XX
00	0-Xxx-00		000,000.00		XX
00	0-Xxx-00		711,331.58		NA
36	1-Aug-24		711,331.58		NA

37	1-Sep-24	711,331.58	XX
00	0-Xxx-00	000,000.00	XX
00	0-Xxx-00	711,331.58	NA
40	1-Dec-24	711,331.58	NA
41	1-Jan-25	711,331.58	NA
42	1-Feb-25	711,331.58	NA
43	1-Mar-25	711,331.58	NA
44	1-Apr-25	711,331.58	NA
45	1-May-25	711,331.58	XX
00	0-Xxx-00	000,000.00	XX
00	0-Xxx-00	1,066,997.36	NA
48	1-Aug-25	1,066,997.36	NA
49	1-Sep-25	1,066,997.36	XX
00	0-Xxx-00	0,000,000.00	XX
00	0-Xxx-00	1,066,997.36	NA
52	1-Dec-25	1,066,997.36	NA
53	1-Jan-26	325,867.57	NA
54	1-Feb-26	325,867.57	NA
55	1-Mar-26	325,867.57	NA
56	1-Apr-26	325,867.57	NA
57	1-May-26	325,867.57	XX
00	0-Xxx-00	000,000.00	XX
00	0-Xxx-00	325,867.57	NA
60	1-Aug-26	325,867.57	NA
61	1-Sep-26	325,867.57	XX
00	0-Xxx-00	000,000.00	XX
00	0-Xxx-00	325,867.57	NA
64	1-Dec-26	325,867.57	NA
65	1-Jan-27	335,643.60	NA
66	1-Feb-27	335,643.60	NA
67	1-Mar-27	335,643.60	NA
68	1-Apr-27	335,643.60	NA
69	1-May-27	335,643.60	XX
00	0-Xxx-00	000,000.00	XX
00	0-Xxx-00	335,643.60	NA
72	1-Aug-27	335,643.60	NA
73	1-Sep-27	335,643.60	192,059.53
74	1-Oct-27	335,643.60	192,059.53
75	1-Nov-27	335,643.60	192,059.53

76	1-Dec-27	335,643.60	192,059.53
77	1-Jan-28	345,712.91	192,059.53
78	1-Feb-28	345,712.91	192,059.53
79	1-Mar-28	345,712.91	192,059.53
80	1-Apr-28	345,712.91	192,059.53
81	1-May-28	345,712.91	192,059.53
82	1-Jun-28	345,712.91	192,059.53
83	1-Jul-28	345,712.91	192,059.53
84	1-Aug-28	345,712.91	192,059.53
85	1-Sep-28	345,712.91	197,821.31
86	1-Oct-28	345,712.91	197,821.31
87	1-Nov-28	345,712.91	197,821.31
88	1-Dec-28	345,712.91	197,821.31
89	1-Jan-29	356,084.29	197,821.31
90	1-Feb-29	356,084.29	197,821.31
91	1-Mar-29	356,084.29	197,821.31
92	1-Apr-29	356,084.29	197,821.31
93	1-May-29	356,084.29	197,821.31
94	1-Jun-29	356,084.29	197,821.31
95	1-Jul-29	356,084.29	197,821.31
96	1-Aug-29	356,084.29	197,821.31
97	1-Sep-29	356,084.29	203,755.95
98	1-Oct-29	356,084.29	203,755.95
99	1-Nov-29	356,084.29	203,755.95
100	1-Dec-29	356,084.29	203,755.95
101	1-Jan-30	366,766.82	203,755.95
102	1-Feb-30	366,766.82	203,755.95
103	1-Mar-30	366,766.82	203,755.95
104	1-Apr-30	366,766.82	203,755.95
105	1-May-30	366,766.82	203,755.95
106	1-Jun-30	366,766.82	203,755.95
107	1-Jul-30	366,766.82	203,755.95
108	1-Aug-30	366,766.82	203,755.95
109	1-Sep-30	366,766.82	209,868.63
110	1-Oct-30	366,766.82	209,868.63
111	1-Nov-30	366,766.82	209,868.63
112	1-Dec-30	366,766.82	209,868.63
113	1-Jan-31	377,769.83	209,868.63
114	1-Feb-31	377,769.83	209,868.63

115	1-Mar-31	377,769.83	209,868.63
116	1-Apr-31	377,769.83	209,868.63
117	1-May-31	377,769.83	209,868.63
118	1-Jun-31	377,769.83	209,868.63
119	1-Jul-31	377,769.83	209,868.63
120	1-Aug-31	377,769.83	209,868.63
121	1-Sep-31	377,769.83	216,164.69
122	1-Oct-31	377,769.83	216,164.69
123	1-Nov-31	377,769.83	216,164.69
124	1-Dec-31	377,769.83	216,164.69
125	1-Jan-32	389,102.92	216,164.69
126	1-Feb-32	389,102.92	216,164.69
127	1-Mar-32	389,102.92	216,164.69
128	1-Apr-32	389,102.92	216,164.69
129	1-May-32	389,102.92	216,164.69
130	1-Jun-32	389,102.92	216,164.69
131	1-Jul-32	389,102.92	216,164.69
132	1-Aug-32	389,102.92	216,164.69
133	1-Sep-32	389,102.92	222,649.63
134	1-Oct-32	389,102.92	222,649.63
135	1-Nov-32	389,102.92	222,649.63
136	1-Dec-32	389,102.92	222,649.63
137	1-Jan-33	400,776.01	222,649.63
138	1-Feb-33	400,776.01	222,649.63
139	1-Mar-33	400,776.01	222,649.63
140	1-Apr-33	400,776.01	222,649.63
141	1-May-33	400,776.01	222,649.63
142	1-Jun-33	400,776.01	222,649.63
143	1-Jul-33	400,776.01	222,649.63
144	1-Aug-33	400,776.01	222,649.63
145	1-Sep-33	400,776.01	229,329.12
146	1-Oct-33	400,776.01	229,329.12
147	1-Nov-33	400,776.01	229,329.12
148	1-Dec-33	400,776.01	229,329.12
149	1-Jan-34	412,799.29	229,329.12
150	1-Feb-34	412,799.29	229,329.12
151	1-Mar-34	412,799.29	229,329.12
152	1-Apr-34	412,799.29	229,329.12
153	1-May-34	412,799.29	229,329.12

154	1-Jun-34	412,799.29	229,329.12
155	1-Jul-34	412,799.29	229,329.12
156	1-Aug-34	412,799.29	229,329.12
157	1-Sep-34	412,799.29	236,208.99
158	1-Oct-34	412,799.29	236,208.99
159	1-Nov-34	412,799.29	236,208.99
160	1-Dec-34	412,799.29	236,208.99
161	1-Jan-35	425,183.27	236,208.99
162	1-Feb-35	425,183.27	236,208.99
163	1-Mar-35	425,183.27	236,208.99
164	1-Apr-35	425,183.27	236,208.99
165	1-May-35	425,183.27	236,208.99
166	1-Jun-35	425,183.27	236,208.99
167	1-Jul-35	425,183.27	236,208.99
168	1-Aug-35	425,183.27	236,208.99
169	1-Sep-35	425,183.27	243,295.26
170	1-Oct-35	425,183.27	243,295.26
171	1-Nov-35	425,183.27	243,295.26
172	1-Dec-35	425,183.27	243,295.26
173	1-Jan-36	437,938.77	243,295.26
174	1-Feb-36	437,938.77	243,295.26
175	1-Mar-36	437,938.77	243,295.26
176	1-Apr-36	437,938.77	243,295.26
177	1-May-36	437,938.77	243,295.26
178	1-Jun-36	437,938.77	243,295.26
179	1-Jul-36	437,938.77	243,295.26
180	1-Aug-36	437,938.77	243,295.26
181	1-Sep-36	437,938.77	250,594.12
182	1-Oct-36	437,938.77	250,594.12
183	1-Nov-36	437,938.77	250,594.12
184	1-Dec-36	437,938.77	250,594.12
185	1-Jan-37	451,076.93	250,594.12
186	1-Feb-37	451,076.93	250,594.12
187	1-Mar-37	451,076.93	250,594.12
188	1-Apr-37	451,076.93	250,594.12
189	1-May-37	451,076.93	250,594.12
190	1-Jun-37	451,076.93	250,594.12
191	1-Jul-37	451,076.93	250,594.12
192	1-Aug-37	451,076.93	250,594.12

193	1-Sep-37	451,076.93	258,111.94
194	1-Oct-37	451,076.93	258,111.94
195	1-Nov-37	451,076.93	258,111.94
196	1-Dec-37	451,076.93	258,111.94
197	1-Jan-38	464,609.24	258,111.94
198	1-Feb-38	464,609.24	258,111.94
199	1-Mar-38	464,609.24	258,111.94
200	1-Apr-38	464,609.24	258,111.94
201	1-May-38	464,609.24	258,111.94
202	1-Jun-38	464,609.24	258,111.94
203	1-Jul-38	464,609.24	258,111.94
204	1-Aug-38	464,609.24	258,111.94
205	1-Sep-38	464,609.24	265,855.30
206	1-Oct-38	464,609.24	265,855.30
207	1-Nov-38	464,609.24	265,855.30
208	1-Dec-38	464,609.24	265,855.30
209	1-Jan-39	478,547.51	265,855.30
210	1-Feb-39	478,547.51	265,855.30
211	1-Mar-39	478,547.51	265,855.30
212	1-Apr-39	478,547.51	265,855.30
213	1-May-39	478,547.51	265,855.30
214	1-Jun-39	478,547.51	265,855.30
215	1-Jul-39	478,547.51	265,855.30
216	1-Aug-39	478,547.51	265,855.30
217	1-Sep-39	478,547.51	273,830.96
218	1-Oct-39	478,547.51	273,830.96
219	1-Nov-39	478,547.51	273,830.96
220	1-Dec-39	478,547.51	273,830.96
221	1-Jan-40	492,903.94	273,830.96
222	1-Feb-40	492,903.94	273,830.96
223	1-Mar-40	492,903.94	273,830.96
224	1-Apr-40	492,903.94	273,830.96
225	1-May-40	492,903.94	273,830.96
226	1-Jun-40	492,903.94	273,830.96
227	1-Jul-40	492,903.94	273,830.96
228	1-Aug-40	492,903.94	273,830.96
229	1-Sep-40	492,903.94	282,045.89
230	1-Oct-40	492,903.94	282,045.89
231	1-Nov-40	492,903.94	282,045.89
232	1-Dec-40	492,903.94	282,045.89
233	1-Jan-41	507,691.06	282,045.89
234	1-Feb-41	507,691.06	282,045.89
235	1-Mar-41	507,691.06	282,045.89
236	1-Apr-41	507,691.06	282,045.89
237	1-May-41	507,691.06	282,045.89
238	1-Jun-41	507,691.06	282,045.89
239	1-Jul-41	507,691.06	282,045.89
240	1-Aug-41	507,691.06	282,045.89

Option Period 1:

241	1-Sep-41	507,691.06	290,507.27
242	1-Oct-41	507,691.06	290,507.27
243	1-Nov-41	507,691.06	290,507.27
244	1-Dec-41	507,691.06	290,507.27
245	1-Jan-42	522,921.79	290,507.27
246	1-Feb-42	522,921.79	290,507.27
247	1-Mar-42	522,921.79	290,507.27
248	1-Apr-42	522,921.79	290,507.27
249	1-May-42	522,921.79	290,507.27
250	1-Jun-42	522,921.79	290,507.27
251	1-Jul-42	522,921.79	290,507.27
252	1-Aug-42	522,921.79	290,507.27
253	1-Sep-42	522,921.79	299,222.48
254	1-Oct-42	522,921.79	299,222.48
255	1-Nov-42	522,921.79	299,222.48
256	1-Dec-42	522,921.79	299,222.48
257	1-Jan-43	538,609.44	299,222.48
258	1-Feb-43	538,609.44	299,222.48
259	1-Mar-43	538,609.44	299,222.48
260	1-Apr-43	538,609.44	299,222.48
261	1-May-43	538,609.44	299,222.48
262	1-Jun-43	538,609.44	299,222.48
263	1-Jul-43	538,609.44	299,222.48
264	1-Aug-43	538,609.44	299,222.48
265	1-Sep-43	538,609.44	308,199.16
266	1-Oct-43	538,609.44	308,199.16
267	1-Nov-43	538,609.44	308,199.16

268	1-Dec-43	538,609.44	308,199.16
269	1-Jan-44	554,767.73	308,199.16
270	1-Feb-44	554,767.73	308,199.16
271	1-Mar-44	554,767.73	308,199.16
272	1-Apr-44	554,767.73	308,199.16
273	1-May-44	554,767.73	308,199.16
274	1-Jun-44	554,767.73	308,199.16
275	1-Jul-44	554,767.73	308,199.16
276	1-Aug-44	554,767.73	308,199.16
277	1-Sep-44	554,767.73	317,445.13
278	1-Oct-44	554,767.73	317,445.13
279	1-Nov-44	554,767.73	317,445.13
280	1-Dec-44	554,767.73	317,445.13
281	1-Jan-45	571,410.76	317,445.13
282	1-Feb-45	571,410.76	317,445.13
283	1-Mar-45	571,410.76	317,445.13
284	1-Apr-45	571,410.76	317,445.13
285	1-May-45	571,410.76	317,445.13
286	1-Jun-45	571,410.76	317,445.13
287	1-Jul-45	571,410.76	317,445.13
288	1-Aug-45	571,410.76	317,445.13
289	1-Sep-45	571,410.76	326,968.49
290	1-Oct-45	571,410.76	326,968.49
291	1-Nov-45	571,410.76	326,968.49
292	1-Dec-45	571,410.76	326,968.49
293	1-Jan-46	588,553.08	326,968.49
294	1-Feb-46	588,553.08	326,968.49
295	1-Mar-46	588,553.08	326,968.49
296	1-Apr-46	588,553.08	326,968.49
297	1-May-46	588,553.08	326,968.49
298	1-Jun-46	588,553.08	326,968.49
299	1-Jul-46	588,553.08	326,968.49
300	1-Aug-46	588,553.08	326,968.49

Option Period 2:

301	1-Sep-46	588,553.08	336,777.54
302	1-Oct-46	588,553.08	336,777.54
303	1-Nov-46	588,553.08	336,777.54
304	1-Dec-46	588,553.08	336,777.54
305	1-Jan-47	606,209.67	336,777.54
306	1-Feb-47	606,209.67	336,777.54
307	1-Mar-47	606,209.67	336,777.54
308	1-Apr-47	606,209.67	336,777.54
309	1-May-47	606,209.67	336,777.54
310	1-Jun-47	606,209.67	336,777.54
311	1-Jul-47	606,209.67	336,777.54
312	1-Aug-47	606,209.67	336,777.54
313	1-Sep-47	606,209.67	346,880.87
314	1-Oct-47	606,209.67	346,880.87
315	1-Nov-47	606,209.67	346,880.87
316	1-Dec-47	606,209.67	346,880.87
317	1-Jan-48	624,395.96	346,880.87
318	1-Feb-48	624,395.96	346,880.87
319	1-Mar-48	624,395.96	346,880.87
320	1-Apr-48	624,395.96	346,880.87
321	1-May-48	624,395.96	346,880.87
322	1-Jun-48	624,395.96	346,880.87
323	1-Jul-48	624,395.96	346,880.87
324	1-Aug-48	624,395.96	346,880.87
325	1-Sep-48	624,395.96	357,287.29
326	1-Oct-48	624,395.96	357,287.29
327	1-Nov-48	624,395.96	357,287.29
328	1-Dec-48	624,395.96	357,287.29
329	1-Jan-49	643,127.84	357,287.29
330	1-Feb-49	643,127.84	357,287.29
331	1-Mar-49	643,127.84	357,287.29
332	1-Apr-49	643,127.84	357,287.29
333	1-May-49	643,127.84	357,287.29
334	1-Jun-49	643,127.84	357,287.29
335	1-Jul-49	643,127.84	357,287.29
336	1-Aug-49	643,127.84	357,287.29
337	1-Sep-49	643,127.84	368,005.91
338	1-Oct-49	643,127.84	368,005.91
339	1-Nov-49	643,127.84	368,005.91
340	1-Dec-49	643,127.84	368,005.91
341	1-Jan-50	662,421.68	368,005.91
342	1-Feb-50	662,421.68	368,005.91

343	1-Mar-50	662,421.68	368,005.91
344	1-Apr-50	662,421.68	368,005.91
345	1-May-50	662,421.68	368,005.91
346	1-Jun-50	662,421.68	368,005.91
347	1-Jul-50	662,421.68	368,005.91
348	1-Aug-50	662,421.68	368,005.91
349	1-Sep-50	662,421.68	379,046.09
350	1-Oct-50	662,421.68	379,046.09
351	1-Nov-50	662,421.68	379,046.09
352	1-Dec-50	662,421.68	379,046.09
353	1-Jan-51	682,294.33	379,046.09
354	1-Feb-51	682,294.33	379,046.09
355	1-Mar-51	682,294.33	379,046.09
356	1-Apr-51	682,294.33	379,046.09
357	1-May-51	682,294.33	379,046.09
358	1-Jun-51	682,294.33	379,046.09
359	1-Jul-51	682,294.33	379,046.09
360	1-Aug-51	682,294.33	379,046.09

Document Metadata

Table of Contents

SECOND AMENDMENT TO LEASE AGREEMENT

Document Metadata