AMENDED AND RESTATED BINDING LETTER OF INTENTBinding Letter of Intent • May 3rd, 2024 • Blum Holdings, Inc. • Retail-miscellaneous retail
This Amended and Restated Binding Letter of Intent (the “LOI”) dated as of April 26, 2024 (the “Effective Date”) amends and restates in its entirety that certain Binding Letter of Intent dated as of February 9, 2024 by and between Buyer, Operators Only Corp., Golden Health & Wellness, Inc., and Target, and sets forth the terms of the agreement between Blum Holdings, Inc., a publicly traded Delaware corporation (the “Buyer” or “Blüm”) and a newly formed Blüm subsidiary created for the purposes of culminating the transactions contemplated herein (“Blüm Acquisition Co.”), on the one hand, and Safe Accessible Solutions, Inc. (which does business as “Cookies Sacramento”, the “Target”), on the other hand, for the acquisition of Target (which includes the delivery business known as “Jay St. Delivery” and the cannabis flower brand known as “Turkey Bag Heroes”, together the “Businesses” and each a “Business”). The Buyer and the Target may be referred to collectively as “Parties” and each separa
MANAGEMENT SERVICES AGREEMENTManagement Services Agreement • May 3rd, 2024 • Blum Holdings, Inc. • Retail-miscellaneous retail • California
THIS MANAGEMENT SERVICES AGREEMENT (this “Agreement”) is made and entered into effective April 26, 2024 (the “Effective Date”) by and between BLMH Management Services, Inc., a Delaware corporation, (the “Manager”), and Safe Accessible Solutions, Inc., dba “Cookies Sacramento” (the “Company”), and the holder of a commercial cannabis retail license (“Cannabis License”). The Manager and the Company are sometimes referred to in this Agreement individually as a “Party” and collectively as the “Parties.”
