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samsamsamiam

10/15/18 4:15 PM

#141795 RE: integral #141788

Tax free?
In this interview
https://money.cnn.com/2017/06/06/media/high-times-marijuana-adam-levin/index.html

Adam says:

Why are you moving the High Times headquarters from New York City to Los Angeles?
Because it's closer to my house.
——-
But in the filing about HighTimes employment Adam Levin said he wanted to be able to work from his office in Puerto Rico.
https://www.sec.gov/Archives/edgar/data/1714420/000121390018000900/f1a2018ex6-11_hightimes.htm
1. Employment and Duties. The Company shall employ the Executive, and the Executive shall be employed by the Company, as Chairman of the Board and Chief Executive Officer, at the Company’s headquarters in Los Angeles, California (or such other location as the Executive and Company may agree) for the term of this Agreement. Notwithstanding the foregoing, the Executive shall have the absolute right to work from his offices in Puerto Rico, currently located at PMB 140, 425 Carr 693 Ste 1, Dorado Puerto Rico 00646-4817. In his capacity as Chairman of the Board and Chief Executive Officer, the Executive shall perform such services, consistent with his office, as from time to time shall be assigned to him by the Board of Directors of the Company, devoting such time and effort to manage, operate and direct the activities of the Company and perform all of the functions of the offices held by him, as directed by the Board of Directors from time-to-time; provided however that the Executive may also engage in other business investments and related activities (subject to Section 6(b) below) consistent with his prior practices while employed by the Company so long as such activities do not materially and adversely affect the performance by the Executive of his duties and responsibilities hereunder