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Form 945-V online Glendale Arizona: What You Should Know

LINKING AGREEMENT BETWEEN THE CITY OF GLENDALE, ARIZONA AND CANVAS  City Clerk's Office Glendale, AZ 85 For additional information, please call or stop by our offices Monday through Friday between 8:00 AM and 3:00 PM, excluding legal holidays. Attn: City Clerk's Office Glendale, AZ 85 Fax The City of Glendale and CANVAS, INC. (“canvas”) (the “Parties”); hereby agree as follows: [Explanatory Note: “Glendale Agreement with CANVAS”] CANVAS believes that Glendale is an important, long-term partner in the global cannabis industry. There is ample room for the city of Glendale and CANVAS at the forefront of the cannabis industry and this agreement will accelerate their collective efforts to create a thriving industry in Glendale. The parties mutually agree to develop and execute a public policy framework and legal structure for the cultivation and distribution of marijuana in Arizona for both commercial and recreational purposes. Pursuant to this agreement, the City of Glendale will provide CANVAS with a zoning exception to allow private residences to grow, prepare, package and distribute marijuana for recreational purposes within the City of Glendale. The City of Glendale and CANVAS will jointly manage the marijuana retail and retail distribution aspects of the agreement. The City of Glendale will provide the public policy framework for the cultivation of marijuana in Glendale to facilitate the commercial development of Glendale and the City of Glendale will provide the public policy framework to facilitate legalization and dispensing of marijuana within the City of Glendale. Under this agreement, CANVAS has agreed to provide the City of Glendale with up to 20,000,000. The City of Glendale will not incur any capital expenses associated with this agreement. The City of Glendale will not require the payment of any money or any contribution in order to exercise its authority under this agreement. This agreement was approved in accordance with the powers vested in the City of Glendale by the Arizona Legislature and as amended upon approval by the voters of Glendale at the November 24, 2016, election when Question 1 was on the ballot.

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