On March 11, 2016, Notis Global, Inc. and its subsidiary EWSD I, LLC (EWSD), entered into a First Amended and Restated Farming Agreement (the Restated Farming Agreement) with Whole Hemp Company (Whole Hemp), amending and restating in certain respects that certain Farming Agreement, dated December 18, 2015, by and between the same parties. The Restated Farming Agreement clarifies that EWSD, rather than the Company, will be responsible for the building of greenhouses to be utilized by Whole Hemp for growing hemp and cannabis crops pursuant to the agreement, and that EWSD will be the recipient of all payments by Whole Hemp (including all revenue sharing arrangements) under the agreement. Additionally, the Restated Farming Agreement calls for EWSD to dedicate a portion of any equity financings to mutually agreed capital expenditures with respect to the greenhouses.

If such capital expenditures are deployed, Whole Hemp will pay EWSD a percentage of gross sales of all Whole Hemp products during the period from March 15, 2016 until September 30, 2016 or, if greater, a fixed minimum amount. The Company's revenue share and corresponding minimum payment during this period will increase incrementally based on the extent of such capital expenditures. As before, the Company will continue to share in the gross sales of all Whole Hemp products during each subsequent growing season.