Consulting Compensation Agreement between CLS Holdings USA, Inc. and Star Associates, LLC (July 24, 2018)

Summary

CLS Holdings USA, Inc. has agreed to compensate Star Associates, LLC, a consulting company led by Andrew Glashow, for its role in securing financing and negotiating the acquisition of Oasis Cannabis. As recognition for these efforts, Star Associates will receive a total cash payment of $250,000 (with half already paid) and 700,000 shares of restricted CLS common stock. This agreement acknowledges the significant contributions made by Star Associates and anticipates their continued involvement with CLS Holdings.

EX-10.1 2 ex10-1.htm EX-10.1
 
Exhibit 10.1
CLS HOLDINGS USA, INC.

July 24, 2018



Star Associates, LLC
115 Kane Avenue
Middletown, RI  02842
Attn:  Andrew Glashow


Re: Financing and Acquisition of Oasis Cannabis by CLS Holdings, USA, Inc. (“CLS”)

Dear Andrew,

We did it!  We closed on the acquisition of the Oasis Cannabis companies, a feat we could not have accomplished without your dedication, unwaivering belief in the transaction and incredibly hard work over the last year to not only negotiate the transaction with me but also to secure the financing necessary to get the deal done.  In recognition of your extraordinary efforts as a member of our Board, the Board has determined to award Star Associates, LLC, your consulting company, a cash payment of $250,000, half of which has already been paid to you, and to issue Star Associates, LLC 700,000 shares of restricted CLS common stock.

I look forward to your continued active involvement in developing the future of CLS.

Best regards,

/s/ Jeffrey I. Binder

Jeffrey I. Binder
Chairman and CEO