Blum Holdings Inc (BLMH)

[Magnum7419]

TRTC needs the Vande Vrede family IMHO.......

The Company leases the land in Belvidere, New Jersey, on which Edible Garden’s greenhouse structure is
situated. The land is being leased from Whitetown Realty, LLC, an entity in which David Vande Vrede and Greda
Vande Vrede own interests. David Vande Vrede and Greda Vande Vrede are the parents of our director, Kenneth
Vande Vrede. The lease commenced on January 1, 2014 and expires December 31, 2029. The current monthly lease
amount is $14,423 and increases 1.5% each calendar year

On May 7, 2013, Edible Garden entered into a letter agreement with Gro-Rite related to Edible Garden’s
right to purchase and distribute a majority of Gro-Rite’s plant products. During 2016 Edible Garden purchased $40,310
of plants from Gro-Rite. Gro-Rite is owned by the parents of our director, Kenneth Vande Vrede. Edible Garden
receives a valuable strategic partnership through this letter agreement.

On May 7, 2013, Edible Garden entered into a letter agreement with NB Plants related to Edible Garden’s
right to purchase and distribute a majority of NB Plants’ plant products. During 2016 Edible Garden purchased
$6,820,724 of plants from NB Plants. The Company terminated this agreement on December 31, 2016. NB Plants is
owned by the parents of our director, Kenneth Vande Vrede. Edible Garden receives a valuable strategic partnership
through this letter agreement.