AMENDING AGREEMENT TO THE RESTRUCTURING SUPPORT AGREEMENT
Exhibit 10.1
EXECUTION COPY
AMENDING AGREEMENT TO THE RESTRUCTURING SUPPORT AGREEMENT
AMENDING AGREEMENT, dated as of June 15, 2021 (this “Amendment”) to the Restructuring Support Agreement (the “Support Agreement”) dated July 10, 2020 among iAnthus Capital Holdings, Inc. (“iAnthus”), each of the subsidiaries listed on Schedule A thereto (the “Subsidiaries”), each of the other signatories to the Support Agreement that is a Lender (as defined in the Support Agreement), each of the other signatories to the Support Agreement that is a Consenting Debenture Holder (as defined in the Support Agreement), and each of the other signatories to the Support Agreement by joinder agreement.
WHEREAS, pursuant to the Support Agreement, it is a condition to closing the Recapitalization Transaction that any regulatory consents or approvals that are required in connection with the Recapitalization Transaction (the “Regulatory Consents”) be obtained by no later than the Outside Date, being June 30, 2021 subject to any extension as provided for in the Support Agreement;
AND WHEREAS, the Parties have agreed to enter into a written agreement pursuant to which the Lenders and Consenting Debenture Holders will (i) provide to iAnthus certain disclosure regarding the process for obtaining the Regulatory Consents, and (ii) to use their reasonable best efforts to settle, on terms acceptable to the Parties, a long-term incentive plan for senior employees and management of iAnthus; and
AND WHEREAS, the Parties to the Support Agreement have agreed to amend the Support Agreement as provided herein.
AND WHEREAS, capitalized terms used herein which are not otherwise defined shall have the meanings given to them in the Support Agreement.
NOW THEREFORE, for good and valuable consideration, the Parties hereto agree as follows:
1. | Interpretation. This Amendment is an amendment to the Support Agreement. Unless the context otherwise requires, this Amendment and the Support Agreement shall be read together and shall have effect as if the provisions hereof and thereof were contained in one agreement. The term “Agreement” when used in the Support Agreement means the Support Agreement including as amended by this Amendment. |
2. | Definitions. Any capitalized term used herein and in the recitals above and not defined shall have the meaning assigned to it in the Support Agreement. |
3. | Amendment. The definition of Outside Date in Schedule B to the Support Agreement is hereby amended to delete the words “June 30, 2021” and to replace them with the words “August 31, 2021”. Except as amended hereby, the Support Agreement remains in full force and effect. |
4. | Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of this Amendment by email shall be equally as effective as delivery of an original executed counterpart of this Amendment. |
5. | Conflict. If any provision of this Amendment is inconsistent or conflicts with any provision of the Support Agreement, the relevant provision of this Amendment shall prevail and be paramount. |
EXECUTION COPY |
6. | Governing Law. This Amendment shall be governed by the laws of the Province of Ontario, Canada and the federal laws of Canada applicable thereto. |
[Signature Pages to Follow]
EXECUTION COPY |
The Parties have executed this Amendment effective as of the date first written above.
COMPANY:
IANTHUS CAPITAL HOLDINGS, INC. | |
By: | (signed) “Xxxxx Xxxxxx” |
Name: | Xxxxx Xxxxxx |
Title: | Interim Chief Executive Officer & President |
SUBSIDIARIES:
S8 RENTAL SERVICES, LLC By: (signed) “Xxxxx Xxxxxx” Name: Xxxxx Xxxxxx Title: President |
MPX BIOCEUTICAL ULC By: (signed) “Xxxxxx Xxxxxxxxx” Name: Xxxxxx Xxxxxxxxx Title: Chief Executive Officer |
BERGAMOT PROPERTIES, LLC
|
IANTHUS CAPITAL MANAGEMENT, LLC
|
IANTHUS HOLDINGS FLORIDA, LLC
|
GROWHEALTHY PROPERTIES, LLC
|
FALL RIVER DEVELOPMENT COMPANY, LLC
|
CGX LIFE SCIENCES INC.
|
EXECUTION COPY |
GTL HOLDINGS, LLC
|
IANTHUS EMPIRE HOLDINGS, LLC
|
AMBARY, LLC
|
MPX LUXEMBOURG SARL
|
IA NORTHERN NEVADA, INC. By: (signed) “Xxxxx Xxxxxx” Name: Xxxxx Xxxxxx Title: President |
PAKALOLO, LLC
|
IANTHUS ARIZONA, LLC
|
S8 MANAGEMENT, LLC
|
SCARLET GLOBEMALLOW, LLC
|
GHHIA MANAGEMENT, INC.
|
XXXXXXX’X XXXXX XXXX NURSERY,
|
IA IT, LLC
|
EXECUTION COPY |
PILGRIM ROCK MANAGEMENT, LLC
|
MAYFLOWER MEDICINALS, INC.
|
IMT, LLC
|
GREENMART OF NEVADA NLV, LLC
|
IANTHUS NEW JERSEY, LLC
|
IA CBD, LLC
|
CITIVA MEDICAL, LLC
|
GRASSROOTS VERMONT MANAGEMENT SERVICES, LLC By: (signed) “Xxxxx Xxxxxx” Name: Xxxxx Xxxxxx Title: President |
FWR, INC.
|
|
LENDERS:
GOTHAM GREEN FUND 1, L.P.
By: (signed) “Xxxxx Xxxxx”
|
GOTHAM GREEN FUND 1 (Q), L.P.
By: (signed) “Xxxxx Xxxxx”
|
GOTHAM GREEN ADMIN 1, LLC
By: (signed) “Xxxxx Xxxxx”
|
GOTHAM GREEN FUND II, L.P.
By: (signed) “Xxxxx Xxxxx”
|
By: (signed) “Xxxxx Xxxxx”
|
GOTHAM GREEN CREDIT PARTNERS SPV I, L.P.
By: (signed) “Xxxxx Xxxxx”
|
GOTHAM GREEN PARTNERS SPV V, L.P.
By: (signed) “Xxxxx Xxxxx”
|
PURA VIDA MASTER FUND, LTD.
By: (signed) “Xxxxx Xxxxx”
|
PURA VIDA PRO SPECIAL OPPORTUNITY MASTER FUND, LTD.
By: (signed) “Xxxxx Xxxxx”
|
PARALLAX MASTER FUND, L.P.
By: (signed) “Xxxxxxx Xxxxxxxx”
|
CONSENTING DEBENTURE HOLDERS:
OASIS INVESTMENTS II MASTER FUND LTD.
By: (signed) “Xxxx Xxxxxx” |
HADRON HEALTHCARE AND CONSUMER SPECIAL OPPORTUNITIES MASTER FUND
By: (signed) “Xxxxx X’Xxxxxxxxx”
|
SENVEST GLOBAL (KY), LP By: Senvest Management, LLC, its attorney in fact/investment adviser
By: (signed) “Xxxxx Xxxxxxxx”
|
SENVEST MASTER FUND, LP By: Senvest Management, LLC, its attorney in fact/investment adviser
By: (signed) “Xxxxx Xxxxxxxx”
|