Item 1.01 Conclusion of a Material Definitive Agreement.
The information regarding the Custody Agreement (as defined below) set out in Section 5.02 of this current report on Form 8-K is incorporated by reference in this Section 1.01.
Item 5.02 Departure of directors or certain officers; Election of directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(âSCPâ) has entered into a Trading and Retention Bonus Agreement (the âRetention Agreementâ). Previously in
fees to SCP for interim management and restructuring support during the current fiscal year. In addition, during the nine months ended
In accordance with the Retention Agreement, the Company will pay SCP, as part of the continuing service of the CEO, a bonus in the aggregate amount of
As a condition for SCP to receive part of the bonus reward,
If, before both
Except as described above in this section 5.02, there is no arrangement or agreement between
A copy of the Custody Agreement is filed as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference. The foregoing description of the Conservation Agreement does not purport to be complete and is qualified in its entirety by reference to this exhibit.
Item 9.01 Financial statements and supporting documents.
(d) Exhibits. Exhibit No. Exhibit 10.1 Transaction and Retention Bonus Agreement dated
July 12, 2021between MedMen Enterprises Inc.and SierraConstellation Partners LLC99.1 Press Release dated July 15, 20212
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