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HomeMy WebLinkAboutC-20-23 Infinity Assets Fresno RedactedApplicant (Entity) Information Application Type Proposed Location Commercial Cannabis Business Permit Application C-20-23 Submitted On: Dec 04, 2020 Applicant Christopher Hester 9165290028 Applicant (Entity) Name: Infinity Assets Fresno LLC DBA: Infinity Assets Fresno Physical Address:City: Fresno State: CA Zip Code: 93720 Primary Contact Same as Above? Yes Primary Contact Name: Scott Morse Primary Contact Title: Director of Community Relations, Owner Primary Contact Phone: Primary Contact Email:HAS ANY INDIVIDUAL IN THIS APPLICATION APPLIED FOR ANY OTHER CANNABIS PERMIT IN THE CITY OF FRESNO?: No Select one or more of the following categories. For each category, indicate whether you are applying for Adult-Use (“A”) or/and Medicinal (“M”) or both Both Please make one selection for permit type. If making multiple applications, please submit a new application for each permit type and proposed location. Permit Type Retail (Storefront) Business Formation Documentation: Limited Liability Company Property Owner Name: Valley First Credit Union Proposed Location Address: 618 E Shaw Ave City: Fresno State: CA Zip Code: 93710 Property Owner Phone: (209) 549-8500 Property Owner Email: kdavis@valleyfirstcu.org Assessor's Parcel Number (APN): 418-091-09 Proposed Location Square Footage: Supporting Information Application Certification Owner Information 5636 List all fictitious business names the applicant is operating under including the address where each business is located: Infinity Assets Fresno LLC dba Infinity Assets Fresno, 618 E Shaw Ave, Fresno 93710 Has the Applicant or any of its owners been the subject of any administrative action, including but not limited to suspension, denial, or revocation of a cannabis business license at any time during the past three (3) years? No Is the Applicant or any of its owners currently involved in an application process in any other jurisdiction? Yes If so, please list and explain: CCB Application Fairfield: Christopher Hester; CCB Application Concord: Miguel Rodriguez, Alicia Darrow, Christopher Hester, Justin Jarin, David Kang, James Rollins II I hereby certify, under penalty of perjury, on behalf of myself and all owners, managers and supervisors identified in this application that the statements and information furnished in this application and the attached exhibits present the data and information required for this initial evaluation to the best of my ability, and that the facts, statements, and information presented are true and correct to the best of my knowledge and belief. I understand that a misrepresentation of fact is cause for rejection of this application, denial of the permit, or revocation of a permit issued. In addition, I understand that the filing of this application grants the City of Fresno permission to reproduce submitted materials for distribution to staff, Commission, Board and City Council Members, and other Agencies to process the application. Nothing in this consent, however, shall entitle any person to make use of the intellectual property in plans, exhibits, and photographs for any purpose unrelated to the City's consideration of this application. Furthermore, by submitting this application, I understand and agree that any business resulting from an approval shall be maintained and operated in accordance with requirements of the City of Fresno Municipal Code and State law. Under penalty of perjury, I hereby declare that the information contained in within and submitted with the application is true, complete, and accurate. Iunderstand that a misrepresentation of the facts is cause for rejection of this application, denial of a permit or revocation of an issued permit. A denial or revocation on these grounds shall not be appealable (FMC 9-3319(d)). Name and Digital Signature true Title Security and Facilities Director, Owner Please note: the issuance of a permit will be determined based on the application you submit and any major changes to your business or proposal (i.e. ownership, location, etc.) after your application is submitted may result in a denial. All applications submitted are considered public documents for Public Records Act request purposes. For details about the information required as part of the application process, see the Application Procedures & Guidelines, City of Fresno Municipal Code Article 33 and any additional requirements to complete the application process. All documents can be found online via this link. For questions please contact the City Manager’s Office at 559.621.5555. Owner Name:Owner Title: Business Name: Infinity Assets Fresno Application #: C-20-23 CANNABIS BUSINESS PERMIT APPLICATION REVIEW - RETAIL Points Possible All or None Exceptional Good Acceptable Applicant Score Evaluation Notes (Explain each time points are deducted) SECTION 1: BUSINESS PLAN 300 Points Possible for Section 1 Resume: Resumes Provided for All Owners: Score 5 5 5 Resumes Provided in 2-page Format: Score 2 2 2 Education: (select highest academic level among ownership team, cannabis specific education separately) Cannabis specific education/training (accredited)2 2 0 not described High School Degree Reported: Score 4 4 - Bachelor's Degree Reported: Score 6 6 6 Master's Degree or Higher Reported: Score 8 8 - Experience: (among ownership team, select one at highest level) Regulated Cannabis Retail Ownership Experience CA 13 13 13 Regulated Cannabis Retail Experience CA (management level or below): Score 10 10 - Other Retail Business Experience Reported, More than 5 years: or 8 8 - Other Retail Business Experience Reported, Less than 5 Years: Score 5 5 - 1.1 Sub-Total:30 26 Construction Cost Estimate: Construction Cost Estimate Provided: Score 8 8 6 4 6 Has line item and some explanation but quote isn't as detailed as needs to be Construction Contingency Factor Included: Score 6 6 6 All Labor, Trades, Materials, Supplies and Permits and other Cost Factors Identified: Score 6 6 4 2 4 Has some detailed information but no detailed breakdown of cost factors Reference Data Provided for Unit Cost Factors: Score 5 5 3 1 3 Has explanations, based on past experience Operation and Maintenance Cost Estimates: Operation and Maintenance Cost Estimate Provided: Score 8 8 6 4 8 All Labor, Trades, Materials, Supplies, Utilities, and other Cost Factors Identified: Score 6 6 4 2 6 Very specific Annual Cost Escalators for Operating Costs Provided: Score 6 6 4 2 6 Has detailed explanation of cost escalators and what they predict they will be and why Reference Data Provided for Unit Cost Factors: Score 5 5 3 1 3 Has explanations, based on past experience 1.2 Sub-Total:50 42 Proof of Capitalization Specific to one or more Owners: Score 5 5 5 Proof of Capitalization Specific to Business Name/Address: Score 5 5 0 not specific to business 1.1 Owner qualifications. Resumes are not to exceed two (2) pages per owner. (30 points possible) 1.2 A budget for construction, operation, and maintenance, compensation of employees, equipment costs, utility cost, and other operation costs.(50 points possible) 1.3 Proof of capitalization in the form of documentation of cash or other liquid assets on hand, Letters of Credit or other equivalent assets which can be verified by the City. (50 Points Possible) Criteria Narrative: Criteria Narrative: Proof of Capitalization Sufficient to Cover Proforma (3 months) and Construction Costs: Score 15 15 15 Certified Audited Financial Report Provided for one or more Owners: Score 5 5 0 not included Score one of the following for a maximum 20 points: Capital source is 100% liquid (cash in owners bank, no debt obligation)20 20 - Capital souce is debt obligation (letter of credit/loan from individual or institution) 10 10 - Capital consists of non-liquid assets (i.e. real property)8 8 - Capital consists of a mixture of liquid and non-liquid assets 15 15 15 1.3 Sub-Total:50 35 Three Years of Data Provided: Score 10 10 8 6 8 Has some detailed info in the notes but the Pro forma is too consolidated and lacks needed detail. Total Gross Revenue Estimates Provided:3 3 3 Total Gross Revenue by Product Type (flower and manufactured) Identified:3 3 0 not included Total Personnel Costs Provided:5 5 4 3 3 Only included as line item in operational expenses Total Property Rental or Purchase Costs Provided:2 2 2 Building purchase price as start up expenses Total Utilities Costs Provided:2 2 0 not included Total Cannabis Product Purchase Expense Provided 2 2 2 All Contract Services Identified:2 2 0 not included Annual Net Revenue Identified:3 3 3 Annual Cost Escalators Identified:4 4 3 2 4 Explanation of cost increases and what they are based on Annual Estimated Sales Tax Payments to State Provided:2 2 2 Only "Taxes" listed on proforma Annual Estimated Sale Tax Payments to City of Fresno Provided:5 5 0 not included Annual Business Tax License and Cannabis Permit Fee Provided:2 2 0 not included Annual Net Income Provided:5 5 5 Scoring Guidance: full points for realistic figures for all three years. Dock points for severe miscalculations, unrealistic estimates, or providing less than the request three years. 1.4 Sub-Total:50 32 Hours of Operation Provided: Score 5 5 5 Hours of Operation Provided for all 7 days of the week: Score 3 3 3 Hours of Operation Provided for Holidays: Score 2 2 2 Opening and Closing Procedures Provided: Score 10 10 8 6 10 Scoring Guidance: full points for describing information in detail. Dock points for leaving information out or not providing enough detail. 1.5 Sub-Total:20 20 1.6.1 Fully describe the day-to-day operations if your applying for a retail permit: 1.6 Daily operations. With as much detail as possible, the Business Plan should describe the day-to-day operations which meet industry best practices. This should include at a minimum the following criteria for each permit type in which you are applying for a permit. (100 points possible) 1.4 Pro forma for at least three years of operation. 1.5 Fully describe hours of operation and opening and closing procedures. (20 points possible) Criteria Narrative: Criteria Narrative: Criteria Narrative: i. Describe customer check-in procedures.20 20 15 10 15 does not describe medical marijuana physician recommendation verification. II. Identify location and procedures for receiving deliveries during business hours.10 10 8 6 8 Unclear where recieving area is iii. Identify the name of the Point-of-sale system to be used and the number of Point-of-Sale locations.10 10 10 Meadows; 4 POS locations iv. The estimated number of customers to be served per hour/day. 20 20 15 10 15 Does not discuss peaks. 45 per hour, 400 per day. Amount is high for only 4 POS locations. Would require all transactions to be less than 5 minutes. v. Describe the proposed product line to be sold and estimate the percentage of sales of flower and manufactured products.20 20 15 10 20 vi. If proposed, describe delivery service procedures, number of vehicles and product security during transportation. (if no delivery service application must state this clearly for full points)20 20 15 10 20 1.6 Sub-Total:100 88 Section 1 Total:300 243 SECTION 2: SOCIAL POLICY AND LOCAL ENTERPRISE 400 Points Possible for Section 2 Description of Commitment to pay a Living Wage provided: Score 10 10 8 6 10 Definition of Living Wage Provided: Score 5 5 4 3 5 Living Wage Defined as Greater than Minimum Wage: Score 5 5 5 2.1 Sub-Total:20 20 Wages and Salary CCB Entry-Level Hourly Wage Greater than Minimum Wage 5 5 5 minimum entry level CCB Entry-Level Annual Salary Greater than Median Household Income ($50,432)5 5 0 Health Care Benefits CCB Offers Medical Coverage to All Employees: Score 5 5 5 CCB Offers Dental Coverage to All Employees: Score 3 3 3 CCB Offers Vision Coverage to All Employees: Score 3 3 3 CCB Offers Health Reimbursement Account for Qualified Medical Expenses: Score 1 1 0 Employee Pays $0 for Employee Medical Premium: Score 3 3 0 Premium not discussed Employee Pays $0 for Employee Dental Premium: Score 2 2 0 Employee Pays $0 for Employee Vision Premium: Score 2 2 0 Employee Pays less than $500 per month for Family Health Care Coverage (Medical, Dental, Vision): Score 2 2 0 Leave Benefits Number of Paid Vacation/PTO Days Per Year: (10+ days = excep; 6-9 days = Good; 3-5 days Acceptable)5 5 4 3 3 Number of Paid Holidays Per Year: (10 or more paid holidays = excep; 4-10 = Good; 1-3 Acceptable)5 5 4 3 3 2.1 Describe whether the Commercial Cannabis Business is committed to offering employees a Living Wage. (20 points possible) Scoring Guidance: https://livingwage.mit.edu/counties/06019 2.2 Briefly describe benefits provided to employees such as health care, vacation, and medical leave, to the degree they are offered as part of employment. (50 points possible) Criteria Narrative: Criteria Narrative: Number of days paid time off for Sick/Medical time: (7+ days= Exceptional, 4-6 days = Good, 3 days = acceptable (8 hour day))5 5 4 3 3 Retirement Offers employee retirement plan 2 2 0 Offers company match for employee retirement plan 2 2 0 2.2 Sub-Total:50 25 CCB Provides Tuition Reimbursement for Certificates: Score 3 3 3 pg 29 descirbed paying for tuition, did not CCB Provides Tuition Reimbursement for associate degrees: Score 3 3 3 describe maximum amount. CCB Provides Tuition Reimbursement for bachelor's degrees: Score 3 3 0 CCB Provides Tuition Reimbursement for master's degrees: Score 3 3 0 CCB Provides Tuition Reimbursement for Specialized Commercial Cannabis Business Operations Training: Score 3 3 0 CCB Offers General Training for Health and Safety, Workplace Environment, Customer Service, etc. 5 5 4 3 5 2.3 Sub-Total:20 11 General Recruitment Plan Provided: Score 10 10 8 6 10 Social Policy Recruitment Plan Provided: Score 10 10 8 6 10 Recruitment Plan Includes Demographic Data for District, City or County: Score 10 10 8 6 0 Recruitment Plan Includes List of CBOs, Non-Profits and Public-Agency Hiring Partners: Score 10 10 8 6 6 Referenced partners but only named Workforce Development Board Recruitment Plan Includes Hiring Targets (percentages) by Demographic Groups: Score 10 10 8 6 0 Did not establish hiring targets 2.4 Sub-Total:50 26 Owners Number of Owners:9 Number of Owners that live within the City of Fresno:2 Number of Owners that live in the County of Fresno:0 Number of Owners that Own a Business in the City of Fresno:1 51%+ ownership interest percent of the Owners live or own a business in the City: Score 80 80 80 51%+ ownership interest percent of the Owners live or own a business in the County: Score 40 40 - Less than 50 percent equity of the Owners live or own a business in the City (If no owners are local, score zero)20 20 - Managers Number of Managers (salaried, non-owners) Number of Managers that live in the City of Fresno: 2.3 Describe compensation to and opportunities for continuing education and employee training.(20 points possible) 2.4 Describe the Commercial Cannabis Business plan to recruit individuals who meet the criteria listed in the Social Policy Section 9-3316 (b) (1) of the Fresno Municipal Code (FMC) and the percentage of local employees it hires. (50 points possible) 2.5 Describe the extent to which the Commercial Cannabis Business will be a locally managed enterprise whose owners and /or managers reside within or own a commercial business within the City of Fresno, for at least one year prior to March 2, 2020.(80 points possible) Data, non-scored. Write response in Evaluation Notes column IF full points achieved for Ownership category, don't score managers. Section is total of 80 points possible. Criteria Narrative: Criteria Narrative: Data, non-scored. Write response in Evaluation Notes column. Number of Managers that Own a Business in the City of Fresno: 100 percent of the Managers live or own a business in the City: Score 20 20 0 # of local managers unspecified 75 to 99 percent of the Managers live or own a business in the City: Score 15 15 0 50 to 74 percent of the Managers live or own a business in the City: Score 10 10 0 Less than 50 percent of the Managers live or own a business in the City: Score 5 5 0 2.5 Sub-Total:80 80 Responsibilities Described for All Titles/Positions: Score 20 20 15 10 20 2.6 Sub-Total:20 20 Does CCB have more than five employees: 5 5 5 CCB has signed a peace agreement: Score 5 5 5 2.7 Sub-Total:10 10 Work Force Plan Provided: Score 10 10 8 6 10 Commitment to Local Hire Provided:10 10 8 6 10 80% commitment Commitment to Offer Apprenticeships Provided:10 10 8 6 0 Reiterated staff training plan, did not describe apprenticeships Commitment paying for continuing education provided 10 10 8 6 8 Committed to paying for CE, did not specify any maximum Description of commitment to paying a living wage provide. (Score same as sec. 2.1)10 10 8 6 10 2.8 Sub-Total:50 38 CCB is willing to serve as Social Equity Business Incubator: Score 100 100 80 60 100 Mentorship and Training: Score yes Equipment Donation: Score yes Shelf Space: Score Legal Assistance: Score Finance Services Assistance: Score Other Technical Assistance: Score Data to inform score on first line of this section. Write response in Evaluation Notes column. 2.8.3. Commitment to pay a living wage to its employees 2.6 Describe the number of employees, title/position and their respected responsibilities.(20 points possible) 2.7 Describe whether the CCB has five (5) or more employees and whether it has signed a labor peace agreement allowing employees to unionize without interference. (10 points possible) 2.8 Provide a workforce plan that includes at a minimum the following provisions: (50 points possible) 2.8.1. Commitment for 30% of employees to be local hires; the business must show that it has either hired or made a good faith effort to hire bona fide residents of Fresno who have not established residency after the submission of an application for employment with the applicant/permittee. 2.8.2. Commitment to offer apprenticeships and/or compensation for continuing education in the field; and Criteria Narrative: Criteria Narrative: Criteria Narrative: column. Criteria Narrative: 2.9 Describe whether the business is willing to serve as a Social Equity Business Incubator by offering support to local cannabis social equity businesses in the form of mentorship, training, equipment donation, a percentage of shelf space dedicated to Fresno equity business products, legal assistance, financial services assistance, or other technical assistance support.(100 points possible) Scoring Guidance: full points for willingness to serve with detailed plan offering at least three aspects mentioned above or of similar benefit. Less points for willingness to serve but vague or unclear commitment. Zero points if there is no clear commitment to serve as Incubator. 2.9 Sub-Total:100 100 Section 2 Total:400 330 SECTION 3: NEIGHBORHOOD COMPATIBILITY PLAN 300 Points Possible for Section 3 CCB will document complaints (time of complaint, nature of complaint, resolution of complaint): Score 10 10 8 6 8 Needs more detail CCB will established a dedicated contact person to receive complaints: Score 10 10 10 CCB will establish a dedicated phone number to receive complaints: Score 5 5 5 CCB will establish a dedicated email address to receive complaints: Score 5 5 5 CCB will establish a response time standard for returning complaint calls and emails: Score 5 5 0 Info not provided CCB will schedule or participate in periodic community meetings to engage with residents about the CCB operation: Score 10 10 10 Other measure unique to business (i.e. website complaint form)5 5 0 Info not provided Scoring Guidance: full points for detailed proactive plan addressing all aspects mentioned. Dock points for leaving out aspect, vagueness, or reactive plans. 3.1 Sub-Total:50 38 CCB will maintain a listserv of community residents to update and information residents of business operations. 10 10 0 Info not provided CCB will schedule or attend periodic community meetings (at least annually) to engage with residents about the CCB operation: Score 10 10 10 CCB will prepare a community outreach and engagement plan: Score 50 50 40 30 50 CCB will issue periodic Newsletters to community providing information about CCB operations 10 10 0 Info not provided CCB will hire residents from the community work at the CCB: Score 20 20 20 Scoring Guidance: full points for detailed proactive plan. Dock points for leaving out aspect, vagueness, or reactive plans. 3.2 Sub-Total:100 80 CCB has identified sensitive receptors to nuisance odors in vicinity of business operations: Score 5 5 0 Info not provided CCB has prepared a nuisance odor control plan: Score 10 10 8 6 10 Nuisance odor control plan identifies locations where fugitive emissions may exit the premise boundary: Score 5 5 0 Info not provided 3.3 Describe odor mitigation practices.(40 points possible) Criteria Narrative: Criteria Narrative: Criteria Narrative: 3.1 Describe how the CCB will proactively address and respond to complaints related to noise, light, odor, litter, vehicles, and pedestrian traffic.(50 points possible) 3.2 Describe how the CCB will be managed to avoid becoming a nuisance or having impacts on its neighbors and the surrounding community.(100 points possible) Nuisance odor control plan describes specific odor control measures to reduce fugitive emissions exiting the premise boundary: Score 5 5 5 CCB has established an odor reporting system: Score 5 5 5 CCB will install a nuisance odor monitoring system: Score 10 10 10 3.3 Sub-Total:40 30 CCB has identified the potential sources of nuisance odors for the business operation: Score 10 10 8 6 10 Scoring Guidance: full points for detailed proactive plan. Dock points for vagueness or reactive plans. 3.4 Sub-Total:10 10 Nuisance odor control plan describes specific odor control equipment: Score 10 10 8 6 10 Nuisance odor control plan describes specific odor control measures/techniques: Score 10 10 8 6 10 Odor control measures are identified for different nuisance odor sources: Score 10 10 10 3.5 Sub-Total:30 30 Nuisance odor control plan describes the operation, monitoring, and maintenance requirements for odor control measures: Score 10 10 0 Info not provided Nuisance odor control plan describes the staff training required for system operations, maintenance, repair, and troubleshooting.10 10 10 3.6 Sub-Total:20 10 CCB has identified the sources of waste generated by the business operation: Score 10 10 10 CCB has prepared a source-separation plan to segregate different sources of waste generated by business operations: Score 10 10 10 The source-separation plan identifies policy, procedures, and locations where different sources of waste are to be collected for disposal: Score 10 10 8 6 10 The source-separation plan describes specific measures to control the collection and disposal cannabis waste: Score 10 10 10 The name of licensed cannabis disposal company provided: Score 10 10 0 Info not provided 3.7 Sub-Total:50 40 Section 3 Total:300 238 SECTION 4: SAFETY PLAN 300 Points Possible for Section 4 3.4 Identify potential sources of odor. (10 points possible) 3.5 Describe odor control devices and techniques employed to ensure that odors from cannabis are not detectable beyond the permitted premises. (30 points possible) 3.6 Describe all proposed staff odor training and system maintenance.(20 points possible) Criteria Narrative: Criteria Narrative: Criteria Narrative: Criteria Narrative: Criteria Narrative: 3.7 Describe the waste management plan. (50 points possible) Safety Plan Prepared by Consultant: Score 10 10 10 Safey Plan Assessed by Consultant: Score (if prepared by, also give points for assessed by)10 10 10 Safety Plan Prepared for CCB Address (specific proposed location): Score 10 10 0 not mentioned Safety Plan includes Site Plan of Premise: Score 10 10 10 Safety Plan includes Building Layout Plan: Score 10 10 10 4.1 Sub-Total:50 40 Written Accident/Incident Procedure Provided: Score 20 20 15 10 10 Procedures Address Multiple Accident/Incident Scenarios: Score 10 10 8 6 2 few mentioned Total Number of Scenarios Described: Score 0 Active Shooter Incident Described: Score 10 10 0 not mentioned Robbery Incident Described: Score 10 10 2 brief 4.2 Sub-Total:50 14 Evacuation Plan Provided: Score 20 20 15 10 20 Adequate Number of Evacuation Routes Identified: Score 20 20 15 10 20 Evacuation Route Distance to Public Right of Way: Score 10 10 8 6 10 4.3 Sub-Total:50 50 Location of Fire Suppression System Elements Identified: Score 10 10 10 Type of Fire Suppression System Elements Identified: Score 20 20 15 10 20 Location of Fire Extinguishers Identified: Score 10 10 10 Adequate Number of Fire Extinguisher Locations Identified: Score 10 10 8 6 10 4.4 Sub-Total:50 50 Written Procedure for Fire Emergencies Provided: Score 20 20 15 10 10 mentioned not written Written Procedure for Medical Emergencies Provided: Score 20 20 15 10 10 same Cardiac Arrest Medical Emergency Described: Score 20 20 15 10 10 brief Gunshot Wound Medical Emergency Described: Score 20 20 15 10 0 not mentioned Other Medical Emergency Conditions Described: Score 20 20 15 10 0 none 4.5 Sub-Total:100 30 Section 4 Total:300 184 SECTION 5: SECURITY PLAN 300 Points Possible for Section 5 Data-write response in Evaluation Notes Column Criteria Narrative: Criteria Narrative: 4.4 Location of fire extinguishers and other fire suppression equipment. (50 points possible) Criteria Narrative: 4.5 Describe procedures and training for all fire and medical emergencies.(100 points possible) 4.1 The Safety Plan shall be prepared and/or assessed by a professional fire prevention and suppression consultant. (50 points possible) 4.3 Describe evacuation routes. (50 points possible) 4.2 Describe accident and incident reporting procedures. (50 points possible) Criteria Narrative: Security Plan Prepared by Consultant: Score 10 10 10 Security Plan Assessed by Consultant(if prepared by, also give points for assessed by): Score 10 10 10 Security Plan Prepared for CCB Address (specific proposed location): Score 10 10 10 Security Plan includes Site Plan of Premise: Score 10 10 10 Security Plan includes Building Layout Plan: Score 10 10 10 5.1 Sub-Total:50 50 Premises (Security) Diagram Provided: Score 20 20 15 10 20 Diagram is drawn to correct scale: Score 5 5 5 Diagram provides required details for premise: Score 5 5 5 Diagram shows the location of all security cameras: Score 5 5 5 Descriptions of activities to be conducted in each area of the premise 5 5 5 Limited-Access Areas Clearly Marked: Score 5 5 5 Number and Location of All Security Cameras Identified: Score 5 5 5 5.2 Sub-Total:50 50 Intrusion Alarm and Monitoring System Identified: Score 15 15 15 Name and Contact Information for Monitoring Company Provided: Score 5 5 5 Total Points of Entry into Premise Identified: Score 5 5 5 All Points of Entry to be Alarmed Identified:5 5 5 Type of Alarm Identified (motion, infrared, glass break, etc.): Score 10 10 10 Backup Power Supply Identified: Score 10 10 10 5.3 Sub-Total:50 50 Written Cash-Handling Procedure Provided: Score 30 30 20 15 15 Missing multiple parts of 5.4 Dual-Custody is Practiced for all cash handling: Score 10 10 0 No mention of dual custody Video Surveillance Used to Monitor All Cash Handling: Score 20 20 20 Armored Car Service Used for Bank Deposits: Score 10 10 0 5.2 Premises (Security) Diagram. In addition to diagrams submitted for other sections of the application, applicants are expected to submit a premises diagram (or site plan) which, focuses on the proposed security measures and how they relate to the overall business. (Pursuant to CCR Title 16, Division 42, §5006. Premises Diagram). 5.2.1 The diagram shall be accurate, dimensioned and to scale (minimum scale ¼"). The scale may be smaller if the proposed location exceeds more than a 1/2-acre parcel but must not be printed on larger than an 11" x 17" sheet of paper. (Blueprints and engineering site plans are not required at this point of the application process) 5.2.2 The diagram must be drawn to scale and clearly identify property boundaries, entrances, exits, interior partitions, walls, rooms, windows, and doorways. The activity in each room and the location of all cameras must be identified in the diagram. Criteria Narrative: 5.2.4 Limited-access areas, defined as areas in which cannabis goods are stored or held and only accessible to permittees, or its employees or contractors and areas used for video surveillance monitoring and storage devices (Pursuant to CCR Title 16, Division 42, §5000 (m) Limited-Access Area and §5042 Limited-Access Area. 5.2.5 Number and location of all video surveillance cameras. (50 points possible) 5.4 Briefly describe cash handling procedures which covers day to day transactions with customers, vendors armor carrier vehicles and transporting it to the bank.(100 points possible) 5.3 Identify intrusion alarm and monitoring system including the name and contact information for the monitoring company (if the company has been selected).(50 points possible) Criteria Narrative: Criteria Narrative: 5.2.3 Description of cannabis activity that will be conducted in each area of the premise. Commercial cannabis activities that must be identified on the diagram/site plan may include but are not limited to the following if applicable to the business operations; storage areas, batch sampling areas, loading/unloading of shipment areas, packaging and labeling, customer sales areas, training areas, employee break room areas, extractions, infusions, processing, and testing areas. 5.1 The Security Plan shall be prepared and/or assessed by a professional security consultant.(50 points possible) All Cash Deposited weekly with Bank: Score 10 10 0 Onsite Vault Provided to Secure Cash Prior to Bank Deposit: Score 20 20 20 5.4 Sub-Total:100 55 CCB will use onsite security guards: Score 10 10 10 All onsite guards will be licensed and bonded: Score 10 10 0 No mention of being bonded All onsite security guards will be licensed to carry firearms: Score 10 10 10 Onsite security guards will be on duty before CCB opens for business: Score 10 10 0 No mention Onsite security guards will be on duty after CCB closes for business: Score 10 10 0 No mention 5.5 Sub-Total:50 20 Section 5 Total:300 225 Section 1: Business Plan Total Points:300 243 Section 2: Social Policy & Local Enterprise Total Points:400 330 Section 3: Neighborhood Compatibility Total Points:300 238 Section 4: Safety Plan Total Points:300 184 Section 5: Security Plan Total Points:300 225 Total Points Achieved:1600 1220 76.25% TOTAL SCORE 5.5 Discuss whether the CCB will utilize the services of on-site security guards. Include in the discussion: (50 points possible) 5.5.1 Number of guards. 5.5.2 Hours guards will be on-site. Criteria Narrative: Criteria Narrative: 5.5.3 Locations at which they will be positioned. 5.5.4 Guards' roles and responsibilities. City of Fresno Commercial Cannabis Business Permit Application EvaluationBusiness Name: Infinity Assets Application # C-20-23 D4 Score 1 Score 2 Score 3 Average% Phase III Points Possible Phase III Points Actual Phase II Points Possible Phase II Points Actual Total Score Section 1: Business Plan 89%85%90%88.00%300 264.00 300.00 243 507 Section 2: Social Policy 82%85%85%84.00%500 420.00 400.00 330 750 Section 3: Neighborhood 90%82%85%85.67%300 257.00 300.00 238 495 Section 4: Safety 90%82%80%84.00%300 252.00 300.00 184 436 Section 5: Security 90%85%90%88.33%300 265.00 300.00 225 490 Section 6: Location 90%85%85%86.67%200 173.33 -0 173.33 Section 7: Community Benefits 89%82%98%89.67%500 448.33 -0 448.33 Total Score (points)2400 2079.67 1600.00 1220 3299.67 Total %82.49% BUSINESS PLAN The Infinity Assets Fresno (IAF)Ownership Team is composed of nine dedicated partners who have founded multiple established cannabis businesses and are well-qualified to own and operate a cannabis dispensary in the City of Fresno.The founding partners of California’s second oldest dispensary partnered with Chris Hester, Jimmy Rollins,Scott Morse and Nick Rendino to pursue this unique market opportunity to be awarded a Commercial Cannabis Business (CCB)permit in Fresno,California. This strategic collaboration of seasoned professionals and their alignment of core values will be a highly beneficial determinant for the betterment of Fresno residents and the California cannabis marketplace as a whole. Infinity Assets Fresno — Business Plan | 1 PLAN OVERVIEW With the City’s priorities top of mind,the Ownership Team have developed a retail storefront and home delivery concept that is fully compliant,highly secure,functionally beautiful and thoughtfully designed for the enjoyment of the community.In selecting real estate for their proposed retail facility,the founding partners committed to improving upon an existing building to seamlessly integrate the business into the Fresno community. Through their 100 years of combined cannabis experience in the California cannabis market,the Ownership Team has embraced the need for strong community acceptance that extends beyond the mere patronage of customers.Their proposed Fresno facility must be a true part of the community fabric,and they are prepared to invest in that relationship.For more than 17 years,IAF’s Ownership Team members have operated numerous model cannabis enterprises and bring a deep knowledge and understanding of business operations,regulatory compliance,facility setup and customer care necessary to succeed.IAF Ownership Team members have backgrounds that include being long-time residents of the City of Fresno,service in the U.S.military,and extensive experience in operating cannabis businesses in adjacent markets.Their combined qualifications,expertise and track records of successful business operations will provide extensive knowledge and insight in the management of a Fresno cannabis dispensary. IAF is uniquely qualified to bring this retail cannabis business concept to fruition and successfully engage the market with a unique menu of connoisseur-minded and budget-friendly products and services.IAF will create an inviting space for legal customers to explore a wide array of cannabis products and learn about their therapeutic benefits.Upon licensure award,IAF will immediately initiate facility buildout and renovations,pass City inspections,hire and train qualified staff,and set an opening launch date in August 2021.The IAF Ownership Team is well-versed in the multiple challenges related to developing,building and operating a successful, customer-service-centric dispensary enterprise,and is ready to apply this same level of dedication to its proposed Fresno facility. IAF will advocate for the responsible use of cannabis and the promotion of wellness in the community and is committed to integrating the latest scientific research into every Company procedure and training.Before opening its dispensary doors,IAF will conduct a thorough recruitment process to hire top talent who share the Ownership Team’s enthusiasm,dedication and customer service commitment.IAF intends to achieve significant market share by fostering strong Company values and establishing its proposed retail store as a true pioneer in the cannabis industry and in the City of Fresno.The Security &Facilities Director has spent significant time and resources evaluating the California cannabis market before deciding to assemble a team and apply for a coveted dispensary license in Fresno.With the current dearth of cannabis retail businesses in Fresno,​the Ownership Team understands the extreme importance of its business success and long-term stability for the benefit of the Fresno community and the region’s cannabis industry.According to BDS Analytics​1​,the rapidly changing 1 NEW REPORT: California’s Legal Cannabis Market, BDS Analytics (August 2019), Infinity Assets Fresno — Business Plan | 2 and evolving nature of the California adult-use cannabis industry is expected to grow to by the end of 2020, an increase of more than 19% over 2019’s forecast. Based on this forecasting, in 2020 the industry could conceivably generate $600-$800 million in tax revenue for California. IAF is sufficiently capitalized to carry out each of the proposed activities described within this Application and can play a constructive role in the growth of Fresno’s local economy. IAF estimates a total startup and initial six months of operating capital requirement of approximately and has already obtained in committed funds from IAF’s Ownership Team members. Further, the Owners have a backup investment plan from existing financial partners who, if necessary, are able to provide immediate access to additional funds to support startup expenses and the first six months of operational expenses. Once fully operational, IAF anticipates serving an estimated 3,288 monthly visitors at its retail storefront, and approximately 2,560 customers via delivery service. IAF estimates customers will spend an average of each month beginning in August 2021, when the proposed facility is estimated to become operational. This customer average monthly spend equates to an annualized revenue of million in 2022, increasing to by 2024 (see additional information in ​Table 1.7: Consolidated Five-Year Pro Forma​). IAF has prepared and verified all information required by the City of Fresno’s CCB Application Procedures & Guidelines for a Commercial Cannabis Permit. Within this Application submission, IAF has summarized each of the most critical operating procedures, demonstrating the Ownership Team’s comprehensive understanding of dispensary operations. This professional team is well-capitalized, has identified suitable and compliant real estate, and has proactively developed training programs and operating procedures necessary to launch the business. The IAF Ownership Team knows firsthand how a successful business enterprise can only succeed with acceptance and support from its neighbors and community. IAF is committed to collaborating with City stakeholders, officials, residents, and fellow Fresno business owners, all with the goal of operating a model cannabis dispensary that is truly integrated into and welcomed by this special community. To demonstrate IAF’s dedication to going above and beyond for the local community, the Community Relations Manager, Scott Morse, has a resolution based management style of communication which promotes a healthy relationship between the business and its neighbors. In addition to the required application narrative requirements, IAF’s Fresno-First ​program is designed to guide the Company’s decision making when considering not only vendors and suppliers, but also strategic partners and community advocates. In order to seamlessly integrate with the local urban fabric, IAF plans to establish discounts and promotional offers for local tourist attractions across the city and strategically aligned businesses. These strategic discount and promotional offer partners will be curated with the goal of offering a variety of local businesses that are also dedicated to keeping Fresno dollars local and growing the local economy by https://bdsa.com/press_releases/new-report-californias-legal-cannabis-market-on-track-to-reach-3-1-billion-in-2019-sales-7-2-billion- in-2024/ Infinity Assets Fresno — Business Plan | 3 supporting Fresno small businesses.​IAF’s Marketing Plan will extend from word-of-mouth promotions to social media promotions using a Geofence around the City of Fresno,filtered by adults aged 21 or older,and using targeted language to encourage supporting local businesses.This method of advertising can be extremely effective at deterring illicit market activities and increasing consumer spending at the dispensary,leading to over 100,000 impressions annually,based on prior Ownership Teams’ use of similar marketing methods for their San Francisco dispensary. IAF’s highly experienced Ownership Team will create a dynamic,successful retail storefront in which the Company will regulate quality control through expert management of the enterprises retail dispensary sales generating significant tax revenue for the City of Fresno Introducing the Infinity Assets Fresno Ownership Team IAF’s ownership is a multifaceted group of experienced professionals who bring decades of experience in business management,Fresno community engagement, highly regulated enterprises,agricultural operations and real estate development. Beyond their résumé qualifications,members of the Ownership Team bring to the table thorough cannabis-industry-specific training,successful and diverse management pedigrees,U.S.military service,a host of valuable cannabis supply chain operational experience,and are highly qualified to lead a successful,compliant dispensary enterprise in Fresno. In proposing and executing this dispensary plan,the ten owners came together out of a desire to benefit the Fresno community beyond simply providing safe cannabis access to legal customers.They truly believe in the importance of the dispensary as a strong, economic engine and a place where Fresno residents will want to work and visit.Their combined backgrounds as business operators has proven to them how a successful enterprise can bolster regional employment,economic growth,and business-district revitalization.With their combined skills,experience and business acumen the owners are well-positioned to follow through from application to licensure to opening day at their proposed dispensary.IAF has built upon the Ownership Team’s stellar record as a vertically integrated organization and is applying many years of lessons learned from their San Francisco dispensary ​which has been operational for nearly 20 years and led the path for the team to open and operate 20 new dispensary operations throughout California,an accomplishment few groups can claim since legalization.While each Owner brings a unique skill set to bear,together they share in the goal of benefitting the Fresno community as operators of a polished,accessible,safe and compliant enterprise. Infinity Assets Fresno — Business Plan | 4 1.1 – OWNER QUALIFICATIONS Infinity Assets Fresno — Business Plan | 5 MIGUEL RODRIGUEZ Owner 1 & Chief Executive Officer (CEO) BIOGRAPHY Miguel Rodriguez is well versed in the day-to-day operations of a commercial cannabis business,having served in a number of directorial roles within the commercial cannabis space in California for 17 years.During that time,Miguel was responsible for overseeing the implementation and successful integration of systems and procedures to improve customer interactions,sales and revenue,and compliance with the rules and regulations governing cannabis operations.Miguel will serve as the Chief Executive Officer and will be responsible for training and overseeing dispensary personnel.Acting as the glue that holds the Ownership Team together,Miguel is extremely proud of the team that he assembled as their success is demonstrated by their long standing history of operating in this space. As a minority in this industry,Miguel’s goal in this space is to positively impact those who have been disproportionately affected by cannabis convictions as well as to create opportunities for marginalized groups who are seemingly being forgotten in the ever evolving cannabis industry.Miguel is dedicated to elevating the lives of these two groups within the local and surrounding regions by providing employee mentorship as well as continuing education opportunities.Having managed dispensaries longer than most notable figures within this space,Miguel is constantly refining his wealth of knowledge as this dynamic industry develops.Acting as a role model for those around him,Miguel hopes to positively contribute to the development of young professionals in the City of Fresno. CANNABIS LICENSES & OWNERSHIP / PROFESSIONAL EXPERIENCE The Green Door ​—​ ​San Francisco, CA​. ​2003 - Present The Green Door​ — San Diego, CA. 2011 - 2012 The Green Door​ — Sacramento, CA. 2011 - 2012 Blum / Terra Tech ​—​ ​Oakland, CA. 2012 - 2016 Infinity Assets Merced​ — Merced, CA. 2018 - Present Hayward Station​ — Hayward, CA. 2018 - Present Cookies Redding ​— Redding, CA. 2018 - Present Platinum Distribution Inc​ — Sacramento, CA. 2018 - Present IMJ. Inc​ — Sacramento, CA. 2018 - Present River Tree Enterprises​ — Sacramento, CA. 2017 - Present EDUCATION Fremont Highschool ​- Oakland, CA ​. ​Graduated in 1997 PROFESSIONAL AFFILIATIONS Infinity Assets Fresno — Business Plan | 6 Brownie Mary Democratic Club of San Francisco PERSONAL/VOLUNTEER United Playaz (Violence Prevention and Youth Development Organization ) ​- 2012 San Francisco Gun Buyback program​ - 2016 Infinity Assets Fresno — Business Plan | 7 ALICIA DARROW Owner 2 & Chief Compliance Officer and Chief Financial Officer (CCO/CFO) BIOGRAPHY Alicia Darrow has operated in the cannabis industry for over 20 years and is a pioneer of California’s commercial cannabis market.During this time,she has successfully operated over 10 dispensaries and is currently involved with a startup of multiple cannabis retail entities.Alicia will serve as IAF’s Chief Compliance Officer and Chief Financial Officer,responsible for ensuring that physical and electronic inventory counts are always aligned and for conducting inventory audits as well as implementing Company policy and procedures. Having spent most of her adult life working within this industry,Alicia takes pride in participating in the grassroots movements of regulated cannabis operations and continues to educate others on the positive impacts that result from ongoing legalization efforts in emerging markets.Her responsibilities at these retailers include but are not limited to:internal accounting and auditing;loss prevention and inventory control;staff hiring,termination,ongoing discipline,scheduling,payroll and training; human resources;information technology;point of sale (POS)design, implementation,and ongoing monitoring;accounts payable and accounts receivable; and financial reporting and budget creation and adherence.Alicia’s skill set helped her lay the foundation in which these cannabis retailers operate.Alicia will oversee the inventory and daily procedure processes and will be responsible for training Miguel and the future Assistant Manager on inventory control procedures and practices,including product auditing,inventory quality assurance,and inventory reconciliation. Alicia is a performance-driven founder,CEO,CFO and Operational Manager with extensive experience supporting high-level executives and providing flawless implementation.She has unrivaled organizational,communication,analytical,and problem-solving skills and has the ability to work with people at all levels of the organization.Having proven leadership skills,Alicia is able to make incontrovertible decisions and accept ever-increasing levels of responsibility. CANNABIS LICENSES & OWNERSHIP / PROFESSIONAL EXPERIENCE The Green Door ​—​ ​San Francisco, CA​. ​2003 - Present The Green Door​ — San Diego, CA. 2011 - 2012 The Green Door​ — Sacramento, CA. 2011 - 2012 Blum / Terra Tech ​—​ ​Oakland, CA. 2012 - 2016 Blum Las Vegas (Western)​ — Las Vegas, NV. 2016 - 2016 Blum Las Vegas (Decatur)​ — Las Vegas, NV. 2016 - 2016 Blum Las Vegas (Desert Inn)​ — Las Vegas, NV. 2016 - 2016 Infinity Assets Merced​ — Merced, CA. 2018 - Present Infinity Assets Fresno — Business Plan | 8 Hayward Station​ — Hayward, CA. 2018 - Present Cookies Redding ​— Redding, CA. 2018 - Present Platinum Distribution Inc​ — Sacramento, CA. 2018 - Present CCPC Inc​ — San Francisco, CA. 2003 - Present Half-Caked. Inc​. — Sacramento, CA. 2015 - Present IMJ. Inc​ — Sacramento, CA. 2018 - Present River Tree Enterprises​ — Sacramento, CA. 2017 - Present EDUCATION Golden Gate University ​- San Francisco, CA. ​Graduated 2009 Bachelor of Business Administration PROFESSIONAL AFFILIATIONS MJ Freeway Advisory Board​ — ​2015 - Present Cannabis Quality Testing Advisory Board​ — ​2015 - Present PERSONAL/VOLUNTEER Save the Children Charity ​— ​2014 - Present Make a Wish Foundation ​—​ ​2014 - Present World Animal Protection ​— ​2014 - Present Infinity Assets Fresno — Business Plan | 9 CHRIS HESTER Owner 3 & Security and Facilities Director BIOGRAPHY Chris Hester serves as the Security and Facilities Director for IAF.Chris has a diverse background in cannabis industry management,operations,real estate,brand development and successfully maintains multiple cannabis businesses.Chris owns California-based North Coast Capital and provides strategic planning and brand expansion consultation for cannabis retail storefronts in the state,including land use execution and competitive licensure application submittals.Chris also,with the help of North Coast Capital members,locates viable property options for new cannabis businesses in accordance with the local municipal code. Chris promotes equitable cannabis industry access through diverse recruitment and hiring practices,drawing on his background as a U.S.Marine Corps veteran and his work with Native American tribal organizations who seek licensure.He conducts cannabis education programs and outreach programs with veterans and organizations such as VFW and local American Legion posts.Hiring veterans is always a priority. Additionally,in his role as Forward Planning Director of Emerald Tribal Consulting ,he collaborated with Native American tribal organizations in business development, consulting,and cannabis cultivation planning.Chris currently operates California cannabis retail licenses in Redding,Merced,Salinas,Contra Costa County and Atwater, with new licenses opening soon in Antioch, Goleta, and Palm Springs. As a cultivator in Colorado,Chris oversaw all day-to-day operations of High Grade Alternatives,a large-scale commercial medical cannabis cultivation facility.His experience in maintaining quality control gave him valuable managerial experience and honed his attention to detail as a manager in regulated environments.His California real estate entitlement experience exposed him to the merit-based process of dispensary license acquisition.As Forward Planning Director of TerraForma,Inc.in Sacramento,he oversaw property acquisition and planning for new commercial cannabis operations,set operational protocols for future management teams,and successfully opened three dispensaries. Since 2015,Chris has acted as the Forward Planning Director for Central Coast Garden Products (CCGP)in Salinas,California where he executed strategic planning for business development and contributed to product design and development of non-toxic pesticides engineered for cannabis,which required navigating stringent EPA pesticide regulations.He also initiated direct-sales plans for commercial cannabis greenhouse operations in and around Monterey County upon CCGP’s acquisition of Central Coast Hydroponics.During his career as a cultivator and operator,Chris also had personal interests in connecting communities to cannabis operations and expanding successful enterprises under the collective business model. Infinity Assets Fresno — Business Plan | 10 From his military service and comprehensive skill set in cannabis businesses,Chris’s varied and in-depth experiences motivates him to constantly improve upon IAF’s successful,compliant model for operations.He knows firsthand the economic and job market impact of successful,safe cannabis enterprises,and he is eager to benefit the greater Fresno community through a meaningful,conscientious and thorough partnership with IAF. CANNABIS LICENSES & OWNERSHIP / PROFESSIONAL EXPERIENCE High Grade Alternatives​, Boulder Colorado, 2009 -2011 Greenstone​ ​DBA 1841​, Sacramento, CA 2014 - 2016 Green Door dba Cookies Redding​, Redding, CA. 2017 - Present Infinity Assets dba Burners Merced ​- Merced, CA. 2017 - Present Three Habitat Consulting Dba One Plant​ - El Sobrante, CA. 2017 - Present Three Habitat Consulting Dba One Plant​ - Lompoc, CA. 2017 - Present Three Habitat Consulting Dba One Plant​ - Prunedale, CA. 2017 - Present Three Habitat Consulting Dba One Plant​ - Palm Springs, CA. 2017 - Present Three Habitat Consulting Dba One Plant​ - Atwater, CA. 2017 - Present Three Habitat Consulting Dba One Plant​ - Antioch, CA. 2017 - Present EDUCATION University of Colorado, Boulder Bachelor of Arts, Environment Design and Urban Planning ​Graduated 2008 PROFESSIONAL AFFILIATIONS Member, Veterans of Foreign Wars (VFW) ​2008 - Present Member, American Legion ​2008 - Present PERSONAL/VOLUNTEER Corporal, Marine Corps – Honorable Discharge ​2005 Symplee equalization Merced CA At Risk Youth Facility 2019-Present Infinity Assets Fresno — Business Plan | 11 JUSTIN JARIN Owner 4 & Chief Operating Officer (COO) BIOGRAPHY Justin Jarin has worked in the California commercial cannabis retail industry and served as the President of a highly regarded cannabis dispensary for over 15 years. During his time in the industry,Justin managed a wide array of daily and high-level operations,while working in conjunction with retail staff,to create an unmatched professionalism and compassion within the California cannabis industry.Having a passion for the customer experience,Justin has continuously refined his processes to best serve customers and to create a professional and inviting environment for the first time purchasers to the seasoned buyer.This passion stems from Justin’s genuine nature as well as his desire to build a community around helping others.Having the opportunity to work in an industry that he is extremely passionate about,Justin prides himself in his ability to share this passion and journey with the same core team that he has worked with his entire cannabis career. Justin will serve as the Chief Operations Officer,responsible for documenting all SOPs,and overseeing most of the Company’s operating procedures including,but not limited to:recall and inventory management;waste and destruction;construction and build-out;premise maintenance;transport and delivery;proper testing,packaging and labeling;compliant use of the track and trace system;and record keeping. Additionally,Justin will lead the sales efforts by creating the customer experience and consulting with Retail Agents to provide excellent customer service by teaching Agents on Company products so that they in turn can educate customers on all products. CANNABIS LICENSES & OWNERSHIP The Green Door ​—​ ​San Francisco, CA​. ​2003 - Present​ (​GM) The Green Door​ — San Diego, CA. 2011 - 2012 Blum / Terra Tech ​—​ ​Oakland, CA. 2012 - 2016​ (GM) Infinity Assets Merced​ — Merced, CA. 2018 - Present Hayward Station​ — Hayward, CA. 2018 - Present Cookies Redding ​— Redding, CA. 2018 - Present (GM) Platinum Distribution Inc​ — Sacramento, CA. 2018 - Present CCPC Inc​ — San Francisco, CA. 2003 - Present IMJ. Inc​ — Sacramento, CA. 2018 - Present River Tree Enterprises​ — Sacramento, CA. 2017 - Present EDUCATION College of Alameda ​‘02 Political Science Infinity Assets Fresno — Business Plan | 12 PERSONAL/VOLUNTEER United Playaz (Violence Prevention and Youth Development Organization ) ​- ​2012 San Francisco Gun buyback program​ - ​2016 Infinity Assets Fresno — Business Plan | 13 DAVID KANG Owner 5 & Director of Business Development BIOGRAPHY David will serve as the Director of Business Development,developing and implementing procedures and strategies for the Dispensary in order to maximize its revenue and align product selection with branding initiatives.David,just like Alicia and Justin,has functioned in the California commercial cannabis sector for over 15 years, with attendant experience in Nevada as well.David oversees the marketing and branding of a well-established cannabis dispensary,which has created,not only a standard in the industry,but a lifestyle brand through key partnership development. David also provides consulting on all facets of the cannabis industry including new licensing,cultivation and dispensary operations,and market/business analysis. Building out and operating state of the art cannabis cultivations,David proved his ability to create a quality brand with a matching quality in product.Sourcing California’s premier genetics,David maximizes his production of proven strains in his facilities due to innovative growing methodologies as well as advanced equipment selection. With a strong background in production environments,David quickly identifies ways to efficiently scale the businesses with which he works.His goal is to create a destination business in Fresno where customers go out of their way to visit and thus stimulate residual business within the City.David will bolster the success of the Company by leveraging his exceptional experience in management,business development, strategic planning, product marketing, and operations. CANNABIS LICENSES & OWNERSHIP / PROFESSIONAL EXPERIENCE The Green Door​ — San Diego, CA. 2011 - 2012 The Green Door​ — Sacramento, CA. 2011 - 2012 Blum / Terra Tech ​—​ ​Oakland, CA. 2012 - 2016 Blum Las Vegas (Western)​ — Las Vegas, NV. 2016 Blum Las Vegas (Decatur)​ — Las Vegas, NV. 2016 Blum Las Vegas (Desert Inn)​ — Las Vegas, NV. 2016 Infinity Assets Merced​ — Merced, CA. 2018 - Present Hayward Station​ — Hayward, CA. 2018 - Present Cookies Redding ​— Redding, CA. 2018 - Present Platinum Distribution Inc​ — Sacramento, CA. 2018 - Present CCPC Inc​ — San Francisco, CA. 2003 - Present IMJ. Inc​ — Sacramento, CA. 2018 - Present River Tree Enterprises​ — Sacramento, CA. 2017 - Present EDUCATION University of Southern California ​- Los Angeles, CA​. 1988 - 1992 Infinity Assets Fresno — Business Plan | 14 Double Major Economics and Political Science PERSONAL/VOLUNTEER United Playaz (Violence Prevention and Youth Development Organization ) ​- ​2012 San Francisco Gun buyback program​ - ​2016 BIOGRAPHY Josh Rogina has been the General Manager of Berner’s Merced,a licensed dispensary, since 2019 and has been a crucial part of the success that this location has seen. Graduating California State University Fresno and having current customers that drive from the City of Fresno to his Merced store,Josh has a unique position to serve this previously underserved community.Josh’s background in agriculture has helped him to thrive in the regulated cannabis industry.Adhering to FDA regulations in his previous career path,Josh has gone through PCQI training which covers highly regulated activities within the agriculture industry such as recall procedures,ensuring sensitive products are handled properly,and properly tracking produce from seed to sale.This knowledge helped Josh to get an understanding of working within regulated environments and adhering to strict regulations during daily operations. As the General Manager of a dispensary in Merced,Josh has directly been involved with all aspects of running a retail cannabis dispensary in California as well as having a deep understanding of the supply chain within the industry.This knowledge and understanding directly impacts the decision making process when sourcing products and aligning with brands as Josh prides himself in his ability to consistently provide quality products to his customer base.Additionally,Josh has seen the economic impact the dispensary is having on the local economy.During a time of extreme uncertainty his store is actively creating tax revenue for the city of Merced as well as creating local job opportunities when there aren’t many alternative employment opportunities arising in the area. Josh has a deep commitment to philanthropy and community involvement;notably,he spent two weeks building homes in New Orleans after Hurricane Katrina and two weeks building homes in Tijuana as part of his youth group involvement.After High School, Josh attended Merced Community College while working as a Field Supervisor for RA Sano Farms.He transferred after three years of college to Fresno State where he earned his Bachelors of Science degree in Agricultural Business.After graduation,Josh joined Central California Tomato Growers Co-op Inc.where he was the Assistant Manager.Given his long history of living and working in the Central Valley,Josh is confident that Josh will be able to identify the issues most important to the community. From there,Josh will develop campaigns and programs to be implemented and executed by IAF for the betterment of the community. CANNABIS LICENSES & OWNERSHIP / PROFESSIONAL EXPERIENCE Infinity Assets Merced, LLC DBA Berners Merced ​—​ Merced, CA. 2019 - Present EDUCATION Infinity Assets Fresno — Business Plan | 15 JOSH ROGINA Owner 6 & General Manager California State University Fresno ​Graduated 2019 Agricultural Business PROFESSIONAL AFFILIATIONS Merced Chamber of Commerce ​2018 - Present Merced County Farm Bureau YF&R ​2018 - Present PERSONAL/VOLUNTEER Symplee equalization Merced CA At Risk Youth Facility 2019-Present Infinity Assets Fresno — Business Plan | 16 BIOGRAPHY As a local business owner in Fresno,Scott prides himself in his ability to positively impact the community that he not only owns a business in but the community in which he grew up and is currently raising his family in.As the current owner of Carroll-David Distributing,Scott is known for his strong business acumen and is passionate about bringing this into the cannabis industry to destigmatize the lack of professionalism associated with the industries past especially in an area like Fresno which is now moving into its first process to license adult use cannabis businesses in the city.Starting his own business at the age of 30,Scott has proven his ability to successfully manage teams and build a culture within his companies.Scott’s alignment with the Infinity Assets team echo’s his ability to identify provable success and his partnership to create the IAF team will continue the team’s success in starting as well as maintaining high end dispensaries that stand out in comparison to its competitors. Moving to Fresno in 1976 and graduating from Bowler Highschool,Scott is eager to serve the community in which he is extremely passionate about.As a local business owner,Scott has donated and volunteered at the Fresno Food Bank,CASA Fresno Madera,as well as other organizations that specifically address homlessness,youth development,and providing services to underprivileged communities within Fresno and the surrounding areas.Scott is also extremely passionate about providing opportunities for employment within his organization to local residents that fall into demographics marginalized and disproportionately affected by cannabis incarcerations.As a witness of the power of the plant,Scott believes that the stigma associated with cannabis use has negatively impacted those who could benefit medicinally from cannabis and is passionate about the education around the positive impacts that cannabis can have on individuals as well as the communities in which it serves. BUSINESS OWNERSHIP / PROFESSIONAL EXPERIENCE Aggressive Sash and Door Inc ​—​ ​Los Angeles, CA.​ ​1994 - 2005 Triple B’s Inc/ DBA Carroll David Distributing ​— Fresno, CA.​ ​2010 - Present EDUCATION UCLA ​Los Angeles, CA. 1981-1983 Field of Study: English Infinity Assets Fresno — Business Plan | 17 SCOTT MORSE Owner 7​ ​& Community Relations Manager California State University, Fresno - ​Fresno, CA 1985-1987 Field of Study: English PROFESSIONAL AFFILIATIONS Contractors State License Board ​ ​2011 - Present license number 963564 PERSONAL/VOLUNTEER Central California Community Food Bank ​2013 - Present CASA of Fresno and Madera Counties ​2016 - Present Clovis West Babe Ruth Youth Baseball League ​2017 - Present Infinity Assets Fresno — Business Plan | 18 BIOGRAPHY Nick Rendino will serve as the Company’s Community Engagement and Marketing Director due to his alignment with the company's goals of giving back to the community and his local ties to the City of Fresno. Born and raised in Fresno,California,Nick has a deep understanding of Fresno as a city and its local community.He is the fourth generation of his family to live and call Fresno home.He attended California State University at Fresno and established a strong real estate practice within the city.In his spare time,Nick and his family supports the local community by volunteering at the Poverello House,an organization that provides meals,clothing distribution,and medical needs to men,women,and families in need.Nick and his family have been actively involved with the Marjaree Mason Center; a non-profit organization that aids those affected by domestic violence. Nick has always been interested in helping those in need and became interested in the medical benefits of medical marijuana when his father was diagnosed with colon cancer nine years ago.Initially prescribed morphine to manage the pain,his father lost his appetite and visibly worsened the longer he ingested morphine.His oncologist prescribed cannabis and the benefits were immediately clear.Nick’s father regained his appetite and his pain caused by the cancer diminished.From then on,Nick became interested in the benefits of marijuana.When California legalized recreational marijuana in 2016,Nick followed its progress and saw how marijuana facilities could benefit local communities by providing new jobs,tax incentives,and medical benefits to those in need. When Scott approached Nick with the idea of opening a retail dispensary in Fresno, Nick jumped at the opportunity to be a part of it.Nick believes bringing a retail dispensary to Fresno will bring additional tax benefits that will help local communities that are struggling.Nick hopes opening a retail dispensary will provide local high paying jobs,diminish the community’s reliance on the illicit drug market,and provide an opportunity to educate community members who are skeptical of the benefits of marijuana.Nick will utilize his real estate background to help select a compliant location and will use his ties to the community to build local support. PROFESSIONAL EXPERIENCE Infinity Assets Fresno — Business Plan | 19 NICK RENDINO Owner 8 & Community Engagement and Marketing Director Commercial Real Estate Agent CBRE, ​Colliers International and Guarantee Real Estate ​2004 - Present EDUCATION California State University, Fresno - ​Graduated 1985 BS Degree Industrial Arts, Advertising and Graphic Design PROFESSIONAL AFFILIATIONS ICSC / International Council of Shopping Centers C.A.R. California Association of Realtors PERSONAL/VOLUNTEER Poverello House, Soup Kitchen Marjaree Mason Center Infinity Assets Fresno — Business Plan | 20 Infinity Assets Fresno — Business Plan | 21 JAMES (JIMMY) ROLLINS Owner 9 & Director of Investor Relations and Philanthropy BIOGRAPHY Jimmy Rollins will serve as IAF's Director of Investor Relations and Philanthropy and will represent the Company in ​volunteerism and philanthropic donations​.​As a former pro athlete,Jimmy understood the historical medicinal use of CBD and cannabis in the sports medicine industry and became increasingly interested in its use once he connected with the IAF Ownership Team who taught him the opportunities for use of cannabis and cannabis derived projects.His interest continued to grow when he began licensing and cultivating cannabis with the IAF team.After connecting with members of the IAF ownership team,he began to gain an interest and understanding of the opportunities for use of cannabis and cannabis derived products. Jimmy is extremely dedicated to serving his local community,which is showcased by his community efforts ​in the Philadelphia area as well as his efforts in the City of Oakland,Alameda County,and Contra Costa County​.Jimmy is deeply ​committed to assisting the community by providing fresh food access for children,families and at-risk youth.Jimmy’s background in giving back to the communities in which he lives and works proves his ability to effectively bring positive change by influencing the IAF’s community benefits initiatives.Jimmy and the IAF team are excited to contribute to the positive growth in the Fresno Community Through the Rollins Family Foundation,a non-profit 501(c)(3)organization that focuses on providing fresh food and nutritional education to families,Jimmy established a partnership with the Walnut Creek community,which hosts the Forma Gym Turkey Trot to raise awareness and support in partnership with Walnut Creek Education Foundation,the Food Bank of Contra Costa and Solano,and other organizations for youth and families in need.As a proud partner with The Food Trust and the SHARE Food Program,Jimmy is passionate and committed to providing fresh food, education programs, and assistance to those families most in need. As a former Major League Baseball player,Jimmy is also a member of the Players Alliance,an organization of over one hundred fellow black professional athletes who use their collective voice and platform to create more opportunities for the black community in every aspect of the game and beyond​.​Furthermore,Jimmy is part of the youth mentorship program sponsored by the Mayor of Oakland that aims to increase the school graduation rate and reduce crime in the city. CANNABIS LICENSES & OWNERSHIP / PROFESSIONAL EXPERIENCE Platinum Distribution Inc​ — Sacramento, CA. 2018 - Present Infinity Assets Fresno — Business Plan | 22 Cookies Redding ​— Redding, CA. 2018 - Present Infinity Assets Merced​ — Merced, CA. 2018 - Present IMJ. Inc​ — Sacramento, CA. 2018 - Present EDUCATION Encinal High School ​- Alameda, CA​. Graduated 1995 PROFESSIONAL AFFILIATIONS Players Association (MLB) Major League Baseball (MLB) ​2000-2016 PERSONAL/VOLUNTEER The Johare & Jimmy Rollins Center for Animal Rehabilitation​ — ​2012 Juvenile Rheumatoid Arthritis Foundation Jimmy Rollins Family Foundation St. Christopher’s Foundation for Children The Food Trust Prevent Child Abuse PA IAF has assembled two comprehensive budgets to satisfy the requirements of this section and to prepare for the financial requirements to support this dispensary facility. To demonstrate adequate funding in ​1.3 — Proof of Capital​, IAF has estimated initial startup expenses in the Startup Budget as shown in ​Table 1.1: Startup Budget Assumptions and ongoing operating expenses in the Operational Budget as shown in Table 1.2: Operational Budget Assumptions​. Together, these budgets detail estimated construction, operation, facility maintenance, equipment purchase, utility, property purchase, security services and other contract professional services, employee wages and benefits, city and state licenses/permits and other startup and operational costs deemed essential to ensure compliance with federal, state, and local laws for a cannabis dispensary facility. IAF has created a team of dedicated employees who will oversee and ensure the financial health of the Company. All projected dollar amounts are assumed to be calculated in standard United States Dollar (USD). Financial Oversight Team IAF’s Owners have created a Financial Oversight Team in order to have dedicated personnel in charge of budgeting, ensuring adequate capitalization, tracking financial performance, engaging with external accountants and tax advisors, and maintaining regular financial statements to track Company performance. IAF’s Chief Compliance Officer/Chief Financial Officer Alicia Darrow has more than 17 years’ experience as an active cannabis policy advocate and business manager and is thoroughly prepared to manage and plan the Company’s finances as the head of the Financial Oversight Team. Jimmy Rollins, who has over a decade of experience with entrepreneurship and philanthropic financial management, is the Director of Investor Relations and Philanthropy and will be responsible for monitoring the broader market and identifying ways to improve IAF’s business model within the City as a supporting member of the Financial Oversight Team. As the Chief Executive Officer, Miguel Rodriguez is primarily responsible for overseeing the financial health of the company, implementing fiscal controls, and engaging with financial institutions, and is principally responsible for ensuring adequate funding in the predetermined amount of for this IAF dispensary facility launch. 1.2.1 - STARTUP AND OPERATIONAL BUDGET ASSUMPTIONS IAF Owners have used their combined prior relevant experience taking similar size and scale of operations to market to create the following proposed Startup Budget and Operational Budget. The Startup Budget encompasses all aspects of the dispensary from time of application submission to the time IAF becomes operational. IAF anticipates the dispensary being operational around August 2021. The Operational Budget marks the start of operations and shows anticipated starting operational expenses to maintain compliant and efficient operations for a cannabis dispensary. Both budgets include a cost overrun contingency fund and there remains sufficient capital to Infinity Assets Fresno — Business Plan | 23 1.2 – BUDGET cover any extended cost overruns beyond reasonable forecast.IAF anticipates fixed operational expenses to grow an average of 3%year over year but will adjust annual projections based on actual market performance.These projections are best estimates based on the Owners’prior experience bringing cannabis facilities to market in various California cities and may change based on the City’s timeline or other unforeseen factors beyond reasonable assumptions.IAF’s Financial Oversight Team will comply with City expectations to maintain regular contact with City officials to provide updates on budget forecasts, timeline, and anticipated operational date. Proposed Operational Timeline IAF anticipates that it will take approximately five to six months for the reviewers to score applicants,go through the interview process,and complete all phases of the local application process.If IAF is fortunate enough to advance on and be selected to operate a dispensary in Fresno,IAF will immediately start securing the appropriate construction permits,state licenses,business permits,health and fire department permits,and any other necessary licensing,permitting,or inspections in order to bring the proposed dispensary facility to market within the proposed timeline.The proposed operational timeline is based on Owners’experiences going through similar permitting, renovation,and go to market stages in comparable California cities.Based on these assumptions,IAF expects that it will take between 12 to 14 weeks from the date of local approval to being fully prepared to launch dispensary and delivery services.The proposed operational timeline for IAF’s dispensary is summarized as follows: ●Weeks 1-2:Notification of top applicants expected May 2021,then IAF will immediately start the process of applying for construction and business permits, after successfully submitting a complete Commercial Cannabis Business Permit application. ●Week 3-5​:Launch of renovations and planned outfitting on the proposed dispensary location. ●Weeks 6-9:Completion of dispensary construction,start building out interior design elements and exterior landscaping,start dispensary recruitment and hiring efforts,submission of dispensary state license,and schedule commencement inspection. ●Weeks 10-11​:Complete interior and exterior remodeling prior to the final commencement inspection,obtain official Commercial Cannabis Business Permit,obtain health and fire permits,complete recruitment and hiring process, start employee training,and initiate marketing campaign initiatives to garner initial interest and awareness in the community. ●Weeks 12-14​:​Launch of dispensary and home delivery operations estimated to be around August 2021. Infinity Assets Fresno — Business Plan | 24 Startup Budget Assumptions IAF has estimated startup expenses, covering construction, equipment, City and state licenses/permits, and other necessary startup costs, beginning with Company formation and ending with the facility becoming fully operational around August 2021. To ensure IAF’s ability to secure a properly zoned facility for the proposed dispensary location, Owner and Community Engagement & Marketing Director, Nick Rendino has signed a binding Letter of Intent to purchase the building at 618 East Shaw Avenue for upon conditional approval. The existing facility is in excellent starting condition, hosts a fully functional vault, and will require minimal adjustments and updates to bring up to standard facility layout for a cannabis dispensary facility. In total, IAF estimates for the Startup Budget including all standard expenses and a 10% additional startup contingency fund in the amount of ●Acquisition of Land:IAF is proud to be located in the City of Fresno and has worked diligently to secure the proposed location at 618 East Shaw Avenue. IAF has received the right to occupy documentation to purchase the 5,380 square foot facility at a rate of per square foot, totaling for the acquisition of land, including closing fees and taxes, as of October 27, 2020. ●Furniture, Fixtures and Equipment:​Company-wide furniture, fixtures, and equipment (FFE) include selling, general, and administrative (SG&A) FFE; sales floor FFE including display tables and design elements; delivery vehicles; security equipment, including alarms and cameras; point of sale (POS) and track and trace technology; and storage and odor control equipment. Company-wide FFE startup expenses deemed necessary for building out the dispensary facility are projected to reach over the startup forecast period. ●License Procurement:​License procurement includes all application submission fees and annual licensing fees, as well as support from professional services to ensure accurate and complete application narratives in line with actual planned operations. IAF anticipates license procurement expenses to reach over the startup forecast period in order to cover the initial permit fee, application submission fee, professional support, and any other necessary permitting and licensing to bring the proposed facility to market. ●Marketing and Advertising:​Marketing and advertising includes all projected digital and print advertising methods, including website creation, search engine optimization, social media advertising, brochures, business cards, and other digital and print media. An additional has been budgeted for marketing and advertising startup expenses, which will contribute to the Company’s initial educational and youth drug-use prevention outreach efforts. ●Facility Renovations:​Facility renovations will cover all temporary contracting and staffing, plumbing, electrical, and foundation improvements, landscaping, temporary rentals and utilities, and other construction costs for facility buildout. Infinity Assets Fresno — Business Plan | 25 IAF has budgeted for construction and finishing of the planned 5,636 square foot dispensing facility, which allocates approximately per square foot for renovations or per square foot when taking into consideration the proposed FFE expenses to complete the facility buildout. The proposed facility renovation expenses are calculated by assessing the current state of the facility and the planned improvements to become operationally ready. Based on the Owners’ prior experience bringing multiple dispensaries to market across California, and the excellent condition of the current facility, the Owners are confident this amount will be sufficient to complete planned facility improvements. ●Startup Cost Contingency:​The startup contingency fund will be used to cover cost overruns from any of the other identified expense categories, or any unforeseen expense categories deemed necessary to bring the facility to market. IAF has calculated a reserve budget of 10% of all other startup expenses, totaling .00 over the startup forecast period. Infinity Assets Fresno — Business Plan | 26 TABLE 1.1: STARTUP BUDGET ASSUMPTIONS Operational Budget Assumptions IAF has projected the annual Operational Budget to reach up to per month in the first year of operations, including assumptions for selling, general, and administrative ​operations, facility maintenance, compensation of employees and contractors, utility cost, and other operation costs deemed necessary to stay in compliance with Federal, state, and local laws. IAF has clearly defined different cost of goods sold (COGS) for direct costs and direct labor proposed at the dispensary and has broken down employee compensation as shown in ​Table 1.2: Operational Budget Assumptions and ​Table 1.3: Payroll and Employee Benefit Assumptions​.​In order to make reasonable assumptions for IAF’s proposed dispensary operation, the ​Financial Oversight Team has utilized best practices for financial modeling and budgeting to have a clear understanding of what known and unknown costs lay ahead on the operational timeline. IAF has budgeted a 5% operational contingency fund to cover cost overruns from foreseen expense categories and unforeseen expense categories to the tune of per month. Cost of Goods Sold:​IAF has calculated COGS to include direct costs, estimated to be around 50% of standard retail prices for wholesale purchases, and direct labor, estimated to be around per month for employees directly involved in daily dispensing activities. IAF will seek to maintain consistent direct cost calculation by effectively doubling the standard wholesale price from suppliers, allowing IAF to maintain consistent pricing around the optimal target gross margin of 50%. Greater detail of POs will be provided in the section titled ​Due Diligence Process for Third-Party Distributors.Direct labor includes all dispensary employees who participate directly in the dispensing process from Delivery Agents and Retail Agents to the General Manager. Combined COGS will total roughly per month in the first year of operations. Company-Wide Operational Costs:​Company-wide operational costs include but are not limited to: community benefits, insurance, licensing, maintenance, marketing and advertising, memberships and certifications, miscellaneous, office supplies, personnel, professional services, software and subscriptions, phone and internet, utilities, vehicle maintenance, waste, and an ongoing operational contingency budget. These costs are calculated, managed and administered from the Financial Oversight Team. IAF expects operating expenses will grow roughly 3% year over year based on comparable markets and the CEO’s experience with scaling revenue and expenses while being able to manage optimal cost-savings for long-term sustainability. These anticipated fixed operational expenses will total roughly per month, or $for the first operational month of August 2021 including variable expenses for community benefits of 1% of gross receipts for the Fresno Reinvestment Fund and Infinity Assets Fresno — Business Plan | 27 up to 5% of net income for donations to local nonprofits and charities. Operational expenses will grow to roughly by the end of 2021, and by the end of 2024. In order to ensure long-term financial sustainability, the Chief Compliance Officer/Chief Financial Officer will engage in rigorous financial controls whereby key operational metrics are reviewed to direct the company towards positive free cash flows. IAF has projected combined direct and SG&A personnel expenses to reach up to per month starting in August 2021 as the Company launches the retail operations. This has been broken down further below in ​1.2.2 Employee Compensation and Contract Support.Entry-level employees will make a minimum of per hour, at least 33.3% more than California minimum wage of per hour and 37.8% greater than Fresno Living Wage of increasing with the employee’s skill level and tenure. SG&A personnel costs are estimated to be roughly 24.5% of the proposed operational budget when fully operational. Tax Assumptions:​Cost of products includes the wholesale cost of products and any other tax-deductible costs that can be included in this calculation such as direct labor. IAF has calculated a 30% net tax on gross profits, which is derived from subtracting cost of products from sales revenue, based on a 21% federal and 9% state business income tax rate. This important calculation from Internal Revenue Code 280E makes a high priority of maintaining consistent and predictable margins and performing regular audits with IAF’s preferred accounting firm. IAF is also prepared to pay the local tax rate of 4% of gross receipts. Infinity Assets Fresno — Business Plan | 28 TABLE 1.2: OPERATIONAL BUDGET ASSUMPTIONS Startup and Operational Budget Analysis IAF has assembled ​Table 1.1: Startup Budget Assumptions and Table 1.2: Operational Budget Assumptions ​in order to satisfy the requirements of this section and to demonstrate adequate funding in ​1.3 — Proof of Capital​. These two budgets detail estimated construction, operation, facility maintenance, equipment purchase, utility, property purchase, security services and other contract professional services, employee wages and benefits, city and state licenses/permits and other startup and operational costs deemed essential to ensure compliance with Federal, state, and local laws. IAF’s Financial Oversight Team is prepared to fully fund the proposed dispensary licensing, build out, interior and exterior design, and go to market strategy. The Financial Oversight Team will oversee the financial health of the company, implementing fiscal controls, and engaging with financial institutions, and is principally responsible for ensuring adequate funding in the predetermined amount of for this IAF retail cannabis facility launch. The Startup Budget encompasses all aspects of the dispensary from the time of application submission to the time IAF becomes operational around the anticipated operational date of August 2021. The Operational Budget marks the start of operations and shows anticipated starting operational expenses to maintain compliant and efficient operations for a cannabis retail facility. 1.2.2 - EMPLOYEE COMPENSATION AND CONTRACT SUPPORT IAF has sufficient capital to support initial anticipated employee and contract support costs including company-wide management, retail labor, and third-party professional services deemed essential to ensure compliance with Federal, state, and local laws. Hiring and Payroll IAF intends to hire 80 percent of open roles directly from Fresno whenever possible and Fresno County as an alternative as shown in ​Table 1.3: Payroll and Employee Benefit Infinity Assets Fresno — Business Plan | 29 Assumptions​. Hiring locally has been a fundamental practice of IAF’s prior dispensary businesses in California. The following overview illustrates the number of people to be hired for each job type and the anticipated salary for each position. IAF’s Ownership Team will be intimately involved during the construction period so the Company may meet the intended operational timeline for the construction process, vendor selection, interviewing and hiring of staff, inventory selection and finalization of SOPs. Interviewing, hiring and training all other employees will begin within 45 days of opening the dispensary. IAF anticipates hiring 24 full-time employees and four part-time employees when at fully operational capacity with a combined annualized payroll, inclusive of benefits, totaling over to achieve efficient dispensary operations. This figure represents each employee’s base salary, with an estimated 20% addition for management benefits burden, including: 1) Paid time off; 2) Paid sick leave; 3) Performance bonuses; 4) Holiday bonuses; and 5) Health insurance coverage. IAF understands that compensation and benefits packages are important for employee satisfaction, turnover reduction and attraction of top talent. IAF will evaluate benefit packages and options upon licensure, and annually thereafter, to further refine this program. In addition to these standard offerings, IAF will offer employees four hours of paid time off each month to participate in volunteer activities, including optional organized IAF employee volunteer days. IAF’s anticipated payroll is as follows, noting the founding Owners receiving reduced compensation (marked with an *): Infinity Assets Fresno — Business Plan | 30 TABLE 1.3: PAYROLL AND EMPLOYEE BENEFIT ASSUMPTIONS Third Party Contractors IAF will use a variety of local third party contractors to support various aspects of the Company’s administrative and operational duties. IAF has budgeted the largest amount to Fresno-based minority owned security firm, Turner Security Systems in the amount of per month to account for the presence of security guards and ongoing security audits and inspections. IAF has also budgeted per month for accounting and tax professional services,per month for legal and compliance professional services, and per month for other professional services including cleaning, landscaping, design, and supplies. Infinity Assets Fresno — Business Plan | 31 1.3 – PROOF OF CAPITAL Financial Assumptions IAF’s Financial Oversight Team has developed the following financial assumptions using conservative revenue projections based on best practices for estimating customer counts, average consumption rates, product category breakdown, and growth metrics. Projected expenses are meant to be comprehensive of all foreseen and unforeseen costs, but the Company has earmarked an additional cash reserve for all cost overruns. The Financial Oversight Team will review actual performance against projections weekly in order to maintain strict fiscal controls over the Company’s expenditures. The following assumptions were used to create IAF’s Five-Year Pro Forma. Receipt of License:​These financials assume Fresno will be granted a license to operate in Fresno around May 2021 and will be operationally ready by August 2021, as outlined in the ​Proposed Operational Timeline​ above. Infinity Assets Fresno — Business Plan | 36 TABLE 1.4: FRESNO MARKET ANALYSIS Statewide Figures California Population 39,148,760 people California Population Over 21 28,455,836 adults % of California Population Over 21 72.7% of population California Median Age 36.3 years old California Median HH Income $71,228 income California Unemployment Rate 11.0% unemployed Local Figures Fresno Population 531,576 people Fresno Population (10-miles) 597,348 people Fresno Population (15-miles) 664,512 people % of Fresno County Population Over 21 67.0% of population Fresno Median Age 32.0 years old Fresno Median HH Income $47,189 income Fresno Unemployment Rate 9.3% unemployed Revenue:​IAF’s revenue model uses assumptions based on the local market’s population, projected product mix, and average consumption rates as outlined in ​Table 1.5: Fresno Purchaser Base Analysis​. IAF has calculated roughly 46,026 people in the local market aged 21 and above who are interested in a dispensary storefront within a 10mile radius around the proposed location. In addition to this group, IAF has calculated roughly 51,201 people aged 21 and above who are interested in delivery services within a 15mile radius around the proposed location. IAF expects to be one (1) of fourteen (14) licensed dispensaries in a 10mile radius and one (1) of 20 licensed delivery services in a 15mile radius. Based on average consumption rates, the resulting 3,288 monthly storefront patrons and 2,560 monthly delivery customers are forecast to spend an average of each month, resulting in a total monthly revenue of beginning August 2021. The product mix, as described within this Business Plan, is used to calculate the anticipated breakdown of revenue by product category. Monthly revenue is expected to grow 12% in 2022, 8% in 2023, and 5% from 2024 onward as the market grows and matures, local consumer awareness and loyalty deepens, and more of the illicit market share is captured year over year. Infinity Assets Fresno — Business Plan | 37 TABLE 1.5: FRESNO PURCHASER BASE ANALYSIS STOREFRONT: Estimated Initial Purchaser Base (Demand) Fresno 21+ Population (10-mile) 400,223 Adults + Additional tourism (15%) 60,033 Adults Total Addressable Market 460,257 Adults x % Adult Use Purchasers 14.0% % Medical Purchasers 6.0% Total Target Market 92,051 Consumers - Loss to illicit market 50.0% Total Realizable Market Potential 46,026 Legal Purchasers x % of local market share (1/14) 7.1% Total Monthly Storefront Customers 3,288 Customer Base DELIVERY: Estimated Initial Purchaser Base (Demand) Fresno 21+ Population (15-mile) 445,223 Adults + Additional tourism (50%) 66,783 Adults Total Addressable Market 512,006 Adults x % Adult Use Purchasers 14.0% % Medical Purchasers 6.0% Projected Retail Consumption Rates:​IAF’s anticipated customer consumption rates are based on the Owners’ previous experience operating comparable cannabis retail facilities in California since there isn’t an existing market in Fresno to model after. The projected monthly consumption rates are shown in ​Table 1.6: Projected Consumption Rates and represent varying motivations for consumption, purchasing habits and preferences, and alignment with different brands and product categories. Each profile will change and be updated by the Financial Oversight Team accordingly upon launch of operations and regularly to better meet the needs of the local market. The Financial Oversight Team assumes a similar transaction size and frequency of visits based on the Owners’ documented dispensary performance of average transaction size at an average of 2.4 transactions per month from their Merced dispensary. With Fresno’s higher median household income, greater population density, and high traffic rates, the Financial Oversight Team is confident in ​Table 1.6: Protected Consumption Rates and has used the proposed average monthly customer spend to derive projected monthly dispensary sales. Cost of Goods Sold (COGS):​IAF assumes direct cost of goods around 50% starting in August 2021, based on the intention to do a standard markup of double the wholesale price. The margin represents the cost of wholesale goods in order for the dispensary to earn a high enough gross margin to afford tax payments and still have retained earnings to reinvest into the business. Actual margins will fluctuate based on rewards programs, product discounts and special event rates. COGS also includes direct labor, totaling $per month, covering all direct dispensary employees involved in daily operations. Infinity Assets Fresno — Business Plan | 38 Total Target Market 102,401 Consumers - Loss to illicit market 50.0% Total Realizable Market Potential 51,201 Legal Purchasers x % of local market share (1/20) 5.0% Total Monthly Delivery Customers 2,560 Customer Base TABLE 1.6: PROJECTED CONSUMPTION RATES Startup Costs:​IAF’s startup costs have been calculated, as shown in ​Table 1.1: Startup Budget Assumptions,using reasonable assumptions for all foreseen expenses relating to securing proper licensing and go-to-market actions. Foreseen expenses include acquisition of land, furniture, fixtures and equipment, licensing application and annual fees, marketing and advertising, and facility renovation costs, totaling . IAF has also calculated an additional 10% cushion as a startup contingency fund included in this amount, totaling Operational Costs:​IAF expects its Fresno retail facility operating costs, as shown above in ​Table 1.2: Operational Budget Assumptions,to include all selling, general, and administrative expenses normally associated with a retail and delivery facility. This includes general categories such as personnel, utilities, professional services, insurance, and other necessary operating costs. The Company assumes the facility will be fully built out and furnished by late June/early July 2021, in order to be operational by August 2021. Applicant assumes costs will increase at a rate of 3% year-over-year as the business grows and normal inflation occurs. Financial Statement Analysis Infinity Assets Fresno — Business Plan | 39 The proposed dispensary will be open to serve customers from the hours of 9:00AM to 10:00PM,seven (7)days a week,excluding Independence Day,Thanksgiving Day,and Christmas Day,in compliance with the Fresno Municipal Code §9-3310(a)(1)and 16 CCR §5403.IAF will adhere to all regulatory requirements pertaining to the following operating hours: The General Manager or Assistant General Manager (herein “Manager”)are responsible for opening the proposed dispensary each day.IAF will contract on-site Security Guards from a third-party company Turner Security Systems.Security Guards will be onsite during business hours to patrol the premises and monitor opening and closing procedures to ensure the safety and security of the premises. Employees assigned to work will be expected to arrive 30 minutes prior to opening and will support the Manager in preparing the dispensary for opening to the public. Employees will complete inventory audits,prepare physical inventory,and prepare registers for sales,as described in greater detail below.Employees assigned to closing shifts will be required to support the Manager in closing the dispensary in the evening, requiring employees to remain approximately 30 minutes after the dispensary’s formal closing time.Employees will work collaboratively to complete all work outlined within IAF’s Closing Procedures Checklist,described in greater detail below.Employees will exit the building together,accompanied by a Security Guard,while the Manager locks the doors. Dispensary Opening Procedures IAF developed a comprehensive Dispensary Operating Plan,summarized herein,to detail the daily responsibilities of all dispensary employees including opening and closing procedures,receiving and storing cannabis inventory,completing inventory audits,understanding access controls and sales operations,including consultations and return policy.The following Standard Operating Procedure (SOP)summaries are derived from ​the owners’combined 100 years of experience building and running commercial cannabis operations in California.IAF’s Management Team possesses extensive knowledge related to commercial cannabis retail,combined with extensive research into successful dispensary procedures implemented in the state,enhanced Infinity Assets Fresno — Business Plan | 41 1.5 – HOURS OF OPERATION SUN MON TUES WED THURS FRI SAT Start Time End Time 9:00AM 10:00PM 9:00AM 10:00PM 9:00AM 10:00PM 9:00AM 10:00PM 9:00AM 10:00PM 9:00AM 10:00PM 9:00AM 10:00PM with the retention of a team of cannabis regulatory experts to ensure alignment with industry best practices. The Manager will arrive at the dispensary facility before all other dispensary employees, with the exception of no less than one (1)contracted Security Guard.The Manager is required to arrive at least 30 minutes prior to the arrival of any employees and must unlock the dispensary doors and enter the premises with the on-site Security Guard. The Manager will perform a visual inspection of the premises from the safety of his or her vehicle,driving around all accessible perimeters of the premises.If any signs of forced entry,suspicious persons,or suspicious circumstances are observed during this inspection,or should the uniformed Security Guard not be seen,the Manager will retreat from the property and summon the contracted private patrol operator or police, as appropriate for the circumstances.Where no building perimeter concerns are found, the Manager will park as near as is practicable to the Lobby entrance and proceed inside. The Manager is responsible for completing an opening inspection,inclusive of the following tasks: ●Perform a manual test of the premises alarm system in accordance with provider protocols; ●Check to ensure all door locks,cabinet locks and safes are in operable condition and free of tampering; ●Inspect inside and outside the facility for signs of attempted security breaches; ●Check cameras for functionality, network connectivity and unobstructed viewing; ●Turn on interior lights and assure all lighting is working properly; ●Clear the premises of any slip, trip or fall hazards; ●Verify all emergency egress pathways are unobstructed; and ●Stock the display cases of the retail room with demonstrative stock. The Manager,depending on who is scheduled to open the dispensary,is responsible for overseeing opening procedures.The Manager is also responsible for overseeing all non-managerial staff as they arrive at the dispensary,ensuring each employee arrives at the facility 30 minutes prior to opening to stow personal items in designated employee lockers,complete opening procedures,and participate in the daily standup meeting.This standup meeting will occur after completing opening procedures,but before opening dispensary doors and will be led by the Manager responsible for opening the dispensary.This individual will:1)Review and discuss any special promotions or vendor pop-ups taking place;2)Discuss any employee comments or concerns regarding the day’s operations;and 3)Discuss and schedule lunch breaks for each employee to ensure proper coverage in the Sales Area at all times.Upon conclusion of the meeting,the Manager will unlock the front doors,turn on the open sign, and open for business. Employee Arrival on Premises Infinity Assets Fresno — Business Plan | 42 Employees are required to display their cannabis employee permit in an unobstructed manner at all times while working at the dispensary and must use their Company-issued electronic key card to gain entry into the dispensary.Key cards will be issued to employees during employee onboarding,and each employee’s access levels will be pre-programmed based on the employee’s role in the Company.The key card system will allow the Management Team and Security &Facilities Director to track employee movements throughout the dispensary.When employees pass through a key card-enabled door,their use of the key card is recorded.Upon entering the dispensary, employees will complete Opening Procedures in accordance with IAF’s Opening Procedures Checklist. Dispensary Opening Procedures Checklist The Manager is responsible for ensuring each task included on the Opening Procedures Checklist is completed.Certain opening functions,such as cash handling or conducting an inventory audit must be completed by a minimum of two (2)employees,as part of the Company’s two-person verification system,designed to prevent opportunities for diversion. Opening Tasks are as follows: a)Security Disarming and Clocking In:The Manager will disarm the security alarm and enter the building before clocking-in using the Company’s electronic payroll software used to record each employee’s working hours. b)Inspect Dispensary Equipment &Conduct AM Walk Through:Employees, under the supervision of the Manager,will inspect the following areas and pieces of equipment prior to opening the dispensary: i)Per FMC §10E.25(c),the Manager, accompanied by a second employee, will transfer the daily inventory to be sold that day from the Vault to the Sales Area to limit opening of the Vault throughout the day; ii)Transfer cash drawers from the Vault to the cash registers in the Sales Area,and ensure drawers are counted to $200.00 with any shortages or overages reported to Management immediately; iii)Stock all registers with counterfeit detector pens,a substantial number of labels indicating the monetary amount, receipt paper, and required packaging; iv)Compare the total cash sales from the previous night to the cash labeled from the prior night’s deposit,with any shortages or overages immediately reported to Management; v)Turn on the electronic identification scanner,television displays, computers, Meadow POS system, and lighting; Infinity Assets Fresno — Business Plan | 43 vi)Remove tablets from charging stations and power on; vii)Verify all security cameras and equipment are in working order and pointed in the intended direction; viii)Login to California’s track and trace system,METRC,to search for incoming product deliveries and,if deliveries are scheduled,the Management Team will prepare payment and corresponding barcode labels; ix)Generate a product expiration report to ensure all batches placed in the Sales Area are not expired and to further determine if any on-hand inventory is nearing expiration; and x)Record Vault humidity and temperature on the Vault Climate Log. c)Dispensary Cleaning, Sanitation & General Preparation: i)Review the Closing Procedures Checklist from the night prior,completing any cleaning and/or organizational tasks that were not completed,or not performed to Company standards during the previous night’s closing shift; ii)Check and,if necessary,clean glass countertop surfaces to ensure they are free of fingerprints or smudges,and ensure the customer Lobby is clean and presentable; and iii)Clean the Break Area,inspect the restrooms,and document cleaning events on the Cleaning Log. Dispensary Closing Procedures Checklist The Manager is responsible for overseeing employees as they perform closing duties to prepare for next day operations.The Manager will enable the dispensary alarm system and lock all doors before exiting the dispensary,accompanied by all other closing employees and a Security Guard, as a safety precaution. Employees will not permit customers to enter the dispensary 15 minutes prior to the store closing time,allowing time for current customers in the dispensary to complete their transactions.In the event any customers have not started a purchase at least 10 minutes prior to closing,the customers will be asked to leave and return the following day to make their purchase.Once the last customer has exited,employees will complete the Closing Procedures Checklist: a)Secure Dispensary:​Employees will turn off the “Open”sign and the Manager will lock the main entrance door. b)Daily Inventory Reconciliation:Adhering to IAF’s two-person verification requirement,the Manager,accompanied by at least one (1)additional employee, will audit the entire Sales Area and Vault inventory to ensure physical inventory matches the records in METRC and the selected POS system, Meadow. Infinity Assets Fresno — Business Plan | 44 c)Break Down Sales Area:Employees will use a two-person verification to transfer all cannabis products from the Sales Area to the Vault and: i)Generate a closing report in the track and trace system and in Meadow to view the number of products sold,organized by SKU,as well as cash collected in each register; ii)Remove cash from each register and audit the amount collected against the closing report before depositing in the cash safe within the Vault,with any shortages or overages immediately reported to Management; and iii)Close out the cash drawer in the Meadow software system. d)Secure Inventory:The Manager will ensure all cash,cannabis products,and other valuable items are moved into the Vault before locking the Vault door. Transfers to and from the Vault will be conducted by at least two (2)employees under constant surveillance to prevent internal diversion. e)PM Store Walk-Through:​Employees will ensure the following procedures are completed:a)Vacuum/sweep Sales Area,take out trash,and wipe down display cases;b)Clean the restrooms,documenting this action on the Cleaning Log;c) Prepare a final closing report detailing the day’s sales and inventory audits,and email the report to the Management Team;d)Log out of Meadow and METRC, turn off all POS terminals and return all tablets to the charger station;e)Turn off the electronic identification scanner,televisions,and all lighting in limited-access areas; and f) Ensure all security equipment is in working order. f)Security Arming and Clocking-out:Employees will complete their working hours by signing out of the electronic time clock software while the Manager secures all interior doors and arms the security system.To ensure safety all employees will exit the building together,accompanied by a Security Guard.At least two (2)staff members will be on site at all times.At no time will any staff member be alone on the licensed premises. Day-to-Day Operations Overview The following retail-specific day-to-day operating procedures have been created to meet the application requirements of this section.IAF is confident that these proposed procedures are sufficient to meet state and local compliance requirements while also providing Fresno cannabis consumers with an elevated purchasing experience. The following SOP summary outlines IAF’s process for greeting customers in an efficient,compliant,and welcoming manner while maintaining the safety and security of Infinity Assets Fresno — Business Plan | 45 1.6 – DAY-TO-DAY OPERATIONS 1.6.1(i) ​— ​CUSTOMER CHECK-IN PROCEDURES the dispensary.IAF strives to provide the best possible customer service and the greeting procedures align with high-end retail standards.A Receptionist stationed in the Reception Area is encouraged to become familiar with the names of regular customers, and to reference the customers’ personal preferences from previous visits. Procedure:​Customers will enter the dispensary through the front door facing East Shaw Avenue.Cannabis products will not be visible from the exterior of the premises.A Receptionist will greet each customer at the front entrance,then request and process each customer’s government issued ID card,preventing access to the retailer to anyone under the age of 21.IAF will admit individuals to the premises if they are between the ages 18 to 20 and have produced a valid doctor’s recommendation and/or Health and Safety Code Section 11362.71 identification card (Medical Marijuana Card),pursuant to FMC §9-3309(i)(3).Any employee assigned to check-in procedures will be thoroughly trained to look for signs of impairment.Pursuant to 16 CCR §5400 and FMC § 9-3309(i)((1),access to the dispensary will be limited to individuals who are at least 21 years of age.Only individuals present to purchase cannabis or engage in an activity directly related to dispensary operations are allowed on the premises,in compliance with Code § 10E.22(a)(2). a)The entrance to the dispensary will contain posted signage that states the following:1)No person under the age of 21 years of age is permitted to enter the premises of the commercial cannabis business,pursuant to Code §10E.24(g)(3); and 2)Smoking,ingesting,or otherwise consuming cannabis on the premises or in the areas adjacent to the commercial cannabis business is prohibited, pursuant to FMC §9-3309(a)In compliance with Code §10E.24(i),IAF will also post the commercial cannabis business permit issued by the City and the City-issued business license conspicuously at the entrance of the dispensary.No business identification signage will be directly illuminated,whether internally or externally,and will not be in the form of a banner,sign,or billboard.Further, Infinity Assets Fresno — Business Plan | 46 IAF’s signage will not contain any logos or information that identifies,advertises, or lists the services or products offered within the dispensary,pursuant to FMC §9-3309(h)(4) b)IAF has established secure,limited-access areas within the dispensary to restrict access to cannabis products.Limited-access areas are controlled by a biometric signature system,managed by the Security and Facilities Director,and are only accessible by authorized employees,individually assigned based on each IAF employee’s role.In accordance with ​16 CCR §5042(a),only authorized personnel are permitted to enter these secure,limited-access areas.​Each limited-access area will remain under video surveillance,pursuant to 16 CCR § 5044(d)(2). c)Any visitor on the premises will be escorted at all times by at least one IAF employee when in a limited-access area.IAF will maintain a Visitor Log of all authorized individuals that enter any secure,limited-access areas,pursuant to 16 CCR §5042(d).For authorized individuals who are not employees of IAF,the log will include:a)The individual’s name;b)The company employing individual;c) The reason for entering the limited-access area;d)The date;e)Confirmation of age verification;and f)The times the individual entered and exited the limited-access area.This log will be made available to the Bureau and City of Fresno upon request. The Receptionist stationed in the Reception Area will scan the customer’s ID card for electronic age verification using a barcode scanner located in the Reception Area and connected to the POS system.This key integration will increase the efficiency of the sales process by adding the customer to the sales queue once the ID is verified as valid.​The Receptionist will also check for any cracks or bends indicating the ID has been tampered with and will manually verify the ID card’s expiration date. a)Per 16 CCR §5404(c),a​cceptable forms of identification include the following:a) A document issued by a federal,state,County,or municipal government,or a political subdivision or agency thereof,including,but not limited to,a valid motor vehicle operator's license containing the name,date of birth,height,gender,and photo of the person;b)A valid identification card issued to a member of the Armed Forces that includes the person’s name,date of birth,and photo;or c)A valid passport issued by the United States or by a foreign government. After scanning the customer’s ID card,the customer’s age will display on the computer for quick verification.In accordance with 16 CCR §5402,customers will only be granted access to enter the dispensary after the Receptionist has confirmed the customer’s age and identity.​If there is an issue with a customer’s ID card,the Receptionist will page the Dispensary Manager to the reception desk. a)Scanning the customer’s ID will also reveal notes from the individual customer’s IAF profile,which provides employees a snapshot of the customer’s previous Infinity Assets Fresno — Business Plan | 47 purchase history and personal preferences and allows the Receptionist and other employees to personalize the customer greeting. Customers granted authorization to enter the Sales Area will be electronically admitted to the Lobby where they will wait until a Retail Agent is available.The Receptionist stationed at the entrance will also provide informational materials related to IAF’s product offerings. To guarantee the distributor’s shipment is complete and accurate and the inventory is safe and compliant,IAF will follow the steps below when receiving and accepting inventory: a)Prior to accepting distributor product shipments into the facility,the General Manager will request a valid copy of the distributor’s license to confirm the distributor is licensed to distribute cannabis goods in California and will cross-verify the distributor’s licensing information against the shipping manifest generated in METRC.The General Manager will inspect the distributor agent’s government-issued ID.If the ID card has expired or is otherwise deemed invalid, the Dispensary Manager will notify the distributor,and the delivery may be returned and marked as ‘rejected’in METRC,pursuant to 16 CCR §5052.1. Once the distributor agent’s identification is verified a Security Guard will escort him/her and the shipment through the facility’s receiving area,which is under constant video surveillance. b)The General Manager will verify the shipment reflects the quantities and types of products listed in the shipping manifest.If a significant discrepancy,as defined in 16 CCR §5034(a),is discovered between IAF’s physical inventory and inventory records, IAF’s management will notify the Bureau and law enforcement. c)The General Manager will inspect products to verify the product packaging is secure,undamaged,and compliant with applicable packaging laws and regulations including,but not limited to,Business and Professions Code,section 26120.In accordance with 16 CCR §5303,packaging must be child-resistant and tamper evident,featuring a one-time-use seal affixed to the opening of the package that allows a consumer to recognize if the package has been opened. The General Manager will check to verify no product is expired,damaged, deteriorated,misbranded or adulterated,will confirm each product is labeled with all required information,and the information on each label matches the shipment manifest. d)Incoming products must be accompanied by Certificates of Analysis (CoA),and the General Manager will verify the products have passed all required lab tests and meet IAF’s standards for quality,compliance and safety.The General Infinity Assets Fresno — Business Plan | 48 1.6.1(ii) ​- ​RECEIVING INVENTORY LOCATION & PROCEDURES Manager will ensure the distributor from which a cannabis product has been obtained has verified the following:a)The CoA presented by the distributor is the CoA that corresponds to the batch;b)The label on each cannabis product is consistent with the CoA regarding cannabinoid content and contaminants are required to be listed by California regulations;c)The source manufacturer or cultivator’s name and license number;d)The date of entry into the distributor’s storage area;e)The unique identifiers and batch number associated with the product,plus a description of the cannabis goods,with enough detail to easily identify the batch;f)The weight of or quantity of units in the batch;and g) Best-by,sell-by,or expiration date of the batch (if applicable)as a means of quality assurance,in accordance with 16 CCR §5307.Depending on the circumstances,discrepancies will be reported to the distributor for adjustment,or the shipment may be rejected entirely. e)The General Manager will review and sign two (2)copies of the METRC-generated shipping manifest accompanying the shipment after verifying it contains the following information:a)Product quantities (by weight or unit);b) Package tag numbers;c)Date of shipment;d)Approximate time of departure from the distribution facility;e)Approximate time of arrival at the dispensary facility;f)Planned travel route;g)Identity of the distribution agent responsible for the transport and delivery;and h)Delivery vehicle make,model,and license plate number. f)Signing the shipping manifest signifies IAF has taken custody and full responsibility for the inventory.Once signed,the shipping manifest will remain at the dispensary and a second signed manifest will be returned to the originating distributor facility.IAF will store copies of the shipping manifest,and make available to the Bureau,the City of Fresno,or law enforcement officers upon request, pursuant to State regulations and City ordinances. g)The General Manager will verify and record the following information in METRC: a)Distributor name and address;b)Identity of the distribution agent responsible for the transport and delivery;c)Date and time of delivery;d)Shipping manifest number;e)Product quantities (by weight or unit);and f)Price per product received. h)Once verified in METRC,the transfer will be electronically accepted,and the shipment will officially become part of IAF’s physical and electronic inventory. Electronic tracking via Meadow POS will provide transparency across inventory movements and facilitate auditing.IAF will affix additional product labels that may be required and will transfer the inventory to the Vault.Two (2)employees will be present during the transfer process to mitigate the risk of diversion,according to IAF’s two-person verification system. i)Inventory will be stored in the facility’s access-controlled Vault,which will be under 24-hour video surveillance.The General Manager will be responsible for Infinity Assets Fresno — Business Plan | 49 ensuring product storage meets regulatory requirements,and every practical effort will be made to preserve product quality,integrity,and efficacy while minimizing the risk of diversion. j)If payment is received,the cash will be handled in accordance with IAF’s cash handling procedures,detailed in ​Section 5 —Security Plan​.A copy of the complete purchase order will be printed and signed by the distributor agent and the Dispensary Manager and will be uploaded into Meadow and METRC. Point-of-Sale Terminals IAF has chosen to use Meadow’s POS software because of its superior cross-functional technology,integration with the state track-and-trace system,METRC,and friendly user experience for both Retail Agents and customers.Meadow is a tenured software company that delivers the best customer experience with full cannabis retail compliance built into the system,including tax calculations,rewards programs,and sales performance reporting. Features of Chosen POS IAF’s chosen POS system,Meadow features the following key functions:1)Real-time inventory reporting and sales trend analysis;2) Built-in queue capability,eliminating lines and increases customer privacy;3) Comprehensive and simple,leading to a streamlined process for completing administrative tasks;4)Extensive onboarding and training programs;5)Age verification scanner;6)Purchase limit alerting;7)Hours of Operation Compliance;8)Automatic data reporting to METRC;9)Desktop-and mobile-friendly interface;10)Cash management tools for tracking and alerting to theft or fraud;11)Express checkout kiosk with touchscreen menu;and 12)Cloud-based record keeping with virtually no downtime. Number of POS Terminal Locations:​Four (4)POS Tablets which will be used by Retail Agents walking around the Sales Area one-on-one with customers as they make their selections from the samples offered in glass cases throughout the room.Once the transaction is finalized on the tablet,customers will be directed to the Purchasing Counter to provide payment. Infinity Assets Fresno — Business Plan | 50 1.6.1(iii) -​ ​POINT-OF-SALE TERMINALS & LOCATIONS Based on the team’s experience operating dispensaries in similar California markets, IAF anticipates seeing an initial spike in customers served per day at the launch of operations,but once customer influx has stabilized after a few months post-launch,the dispensary expects to conduct about 400 customer transactions per day at the storefront and 100 customer transactions per day through the delivery business,or a combined 45 transactions per hour over the 11-hour operating hours.According to self-reported figures from current dispensary owners​4​,and depending on the location, dispensaries can see up to 200 customers per day during normal seasonal activities and up to 300 customers in a day during times of high demand.Due to the location of Fresno,IAF anticipates an average higher than the reported data.IAF assumes that a large percentage of customers will frequent the dispensary multiple times per month, and many of the once-per-month customers will either have large purchase sizes (within legal limits)to stock up for the month or will be unique visitors who are trying a variety of cannabis products.In order to handle this level of demand and be able to deliver the best quality of service for each customer,IAF anticipates needing at least one Receptionist,one Inventory Manager,and four Retail Agents at all times during open hours at the storefront.IAF anticipates needing at least two Delivery Agents running deliveries during open hours at all times. 4 Hughes, Trevor. Will legal marijuana stores close? Americans stock up on pot for coronavirus quarantine. USA Today (March 2020), https://eu.usatoday.com/story/news/nation/2020/03/17/coronavirus-fears-prompt-americans-buy-more-legal-marijuana/5067578002/ Infinity Assets Fresno — Business Plan | 51 1.6.1(iv) ​- ​ESTIMATED NUMBER OF CUSTOMERS TO BE SERVED PER HOUR/DAY IAF selected three leading distributors in California from which to source cannabis and cannabis products: Flow Kana, Indus, and Nabis. IAF has worked with each of the aforementioned distributors throughout the span of two years and is confident in each distributor’s ability to support the IAF team in its Fresno location.Each distributor is well-regarded in the California cannabis market,curating the highest quality products from reliable, compliant product manufacturers and cultivators. The products they represent are safe and derived from high-quality cannabis flower, offering the end consumer a trusted experience,accessible price points,and diverse methods of consumption.By collaborating with five distributors,IAF will be able to source a broader range of products that meet the therapeutic,financial,and personal preferences of our diverse customer base. IAF’s General Manager,Josh Rogina has extensive experience curating menus for several dispensaries that reflect the market demand by evaluating the quality of cannabis and cannabis products and analyzing consumer behaviors.The General Manager has selected these distributors for their superior quality of products and friendly,easy-to-use services.The CCO/CFO and General Manager will adjust brand and product offerings based on availability and customer preference,continually assessing product turnover rates to track local consumption preferences. Product Considerations Offering a variety of cannabis products,IAF will include options that feature different methods of consumption with the aim of meeting the needs of their customer's personal preference,wellness goals,and financial means.Fresno clients and customers from the surrounding region may choose cannabis for a variety of reasons,both wellness and adult-use in nature.Because IAF intends to serve a wide variety of clients,the retail business will carry cannabis products specifically tailored to these customer’s needs. Additionally,in alignment with IAF’s mission to assist and provide care for the elderly, special preference will be offered to products containing CBD as these are known to limit psychoactive effects and have shown to be useful in reducing inflammation and pain.Cannabis product offerings by IAF will include forms such as pre-packaged and pre-rolled flower,concentrates,vapor pen cartridges ,edibles,and topicals.IAF will also carry non-cannabis products and accessories for consumption of cannabis products, including vaporizer batteries, glass pipes, lighters, hats and t-shirts. In addition to examining product variety and quality,IAF has applied a thorough internal vetting process to ensure that Flow Kana,Indus,and Nabis adhere to the company's high standards for compliance,as well as social equity,and sustainability measures. Each of these distributors has a commitment to carrying products made from pure, high-quality,and locally sourced ingredients.With an emphasis on consumer safety and Infinity Assets Fresno — Business Plan | 52 1.6.1(v) ​-​ PROPOSED PRODUCT LINE & ESTIMATED SALES BY PRODUCT CATEGORY quality,many product offerings receive Clean Green certification which indicates the products are responsibly sourced.These distributors reflect IAF’s values of promoting an ethical and transparent supply chain sourcing from brands that emphasize an environmentally friendly manufacturing processes and socially responsible business practices Furthermore,IAF is committed to giving preference to cannabis brands and products that are Clean Green certified or meet Clean Green certification criteria.This Clean Green certification is the cannabis industry’s closest acknowledgement to the “organic” designation which undergoes a rigorous compliance and agricultural process review.Additionally,the Cannabis Crop Producer Certification is based on both national and international organic standards requiring farmers to adopt sustainable practices in order to reduce their carbon footprint and conserve water,as well as other considerations.Lastly,the Processor/Handler Certification is based on best practices from the food processing and handling industries.This certification assesses the processor/handler’s ability to keep organically,sustainably grown product separate from product grown with synthetic pesticides. Selected Distributors IAF has identified the following leading,California distributors to ensure greater product variety: ●FlowKana:​FlowKana’s values are firmly based in developing a transparent and an ethical supply chain for the cannabis industry.Sourcing from small,independent, compliant farms,FlowKana has aligned with cannabis companies that focus on producing sun-grown,craft cannabis that include farming practices which surpass organic standards. FlowKana also works directly with Clean Green-certified small,sustainable farmers in an effort to provide their farms and products a platform to share their stories and distribute products statewide.Working with FlowKana,IAF will target these small diverse farmers who have also been negatively impacted by cannabis criminalization.With a wide range of carefully curated products, FlowKana offers partners such as IAF a proven partner for high-quality cannabis free of pesticides and other harmful substances. ●Indus:Priding itself on offering an extensive portfolio of award-winning brands and distribution strategies,the Indus product lines are effective,efficient,and strictly compliant with all California cannabis regulations.Offering a wide variety of everything from concentrates to cookies and sparkling tonics to flower,Indus provides a wide range of high-end cannabis Infinity Assets Fresno — Business Plan | 53 products with different methods of consumption able to capture a larger market share and diverse population of cannabis consumers.Working with cannabis brands that source natural and local ingredients,Indus is committed to meeting the Clean Green certification requirements.The company takes a research-based approach to dosing and product development and demonstrates a commitment to sustainability and ethical supply chain practices. ●Nabis:​Recognized as one of the top operators in California due to their quality of brand partners,Nabis is a premier choice of distributors for IAF.With their expansive geographical footprint in the state,Nabis is currently distributing 80 brands and servicing more than 750 dispensaries in California.With the thoughtful development of an extensive network for distribution in Northern and Southern California,Nabis has created a 48-hour turnaround time for order fulfillment,providing a unique advantage by keeping desirable products stocked per customer demand. Preliminary Proposed Brand Offerings Choosing to partner with distributors that have firm relationships with particular cannabis brands,IAF has a plan to guarantee a consistent and reliable supply of products that meet customer needs and preferences.IAF will look for new and established brands who illustrate through their production,packaging,branding,and marketing,they are focused on natural ingredients,transparency in sourcing,and ethical work practices. IAF believes the brands stocked on dispensary shelves reflect the Company’s high standards and commitment to professional business partnerships and practices.As IAF becomes more established over time,our team will collect feedback from customers and community members on their motivations and practices for cannabis consumption which will allow IAF to adjust the store’s product selection process accordingly.This practice for product selection will be determined by consumer feedback as well as align with regional and statewide sales data for the most innovative,high-quality products. IAF plans to offer the brands listed below,based on availability,from our anticipated licensed distribution partners.IAF will make specific product selections post-licensure as well as alternate options for preferred brands and product types.Given that distributor product offerings are constantly evolving,IAF has included a sample of products we intend to carry based on current distributor offering: ●Cookies:​IAF has formed a long term agreement to sell Cookies brand cannabis strains and products at the proposed dispensary.Cookies is the fastest growing brand of cannabis flower and manufactured products with a strong following in California.This unique agreement will attract significantly greater sales to IAF than other dispensaries in the competing market. Infinity Assets Fresno — Business Plan | 54 ●Cypress Cannabis:​Cultivated by an experienced team of growers in a mixed-light greenhouse,Cypress Cannabis strives to provide the perfect balance of quality and value. The company’s process embraces sustainability by using solar power and light deprivation techniques to produce some of the best quality products across the greenhouse cultivation marketplace. ●Elefante:​Rooted in activism towards mindful eating, Elefante is a premium option for dietary conscious consumers.Offering vegan options using high quality ingredients,Elefante has created a plant-based product line that provides a high-quality alternative to traditional edible and gummy products which currently dominate shelve spaces across the industry.Additionally,Elefante has a well-developed line of wellness offerings which incorporate a high quality blend of ingredients that target pain relief, specifically: ○Edible: Vegan Gummies: Gluten Free, non-GMO ○Topical: Pain Relieving Salve ○Topical: Ginger Sports Rub. ●Beezle:​Focused on creating perfectly extracted products, Beezle is a concentrate specific company that takes pride in its community supporting efforts and supporting local farmers. By implementing a cold process for extraction,Beezle is able to retain the greatest amount of plant terpenes which leads to the ability to create top quality products with distinct flavors and desired overall effects. ●Dixie Elixirs:​Dixie Elixirs is a leading brand in the cannabis industry beginning with their deep commitment to research, education,and advocacy.The company has established itself as a trusted source for innovative,safe,and delicious cannabis products.Every product is handcrafted with pure-extracted THC and a triple-testing process which exceeds the mandated batch testing to ensure quality and efficacy.Dixie’s line of products includes tinctures,specialized elixirs,chocolates, dew drops, gummies, and relief balms (included on DCP page 23 of 25). ○TOPICAL: Dixie Elixirs Synergy Relief CBD & THC Balm ○TOPICAL: Dixie Elixirs Synergy Soak 100:100 ○TOPICAL: Peppermint Relaxing Mints Projected Sales by Category Catering to brands and price-points for the broad variety of therapeutic,personal,and financial preference,IAF intends to focus on sales of products found to be best-selling among its target market of cannabis consumers.IAF has identified distributors that carry Infinity Assets Fresno — Business Plan | 55 a wide variety of respected cannabis brands trusted by consumers in the Fresno market. IAF will strive to provide brand and product options at different quantities and qualities with varying methods of consumption as shown in ​Table 1.8: Projected Percentage of Retail Sales by Product Category​. By carrying trusted brands with a strong familiarity across client demographics, IAF will signal to customers that the company shares this level of excellence fostering the belief that IAF is synonymous with superb cannabis options and service. IAF will strive to feature brands which include high-quality artisanal products as well as those committed to Clean Green certified processes. This includes sustainable packaging and sales materials and utilizing natural, small-batch ingredients. IAF’s internal vetting process ensures that all products are pure, safe and sourced from distributors who adhere to IAF’s high standards for compliance, quality, and sustainability. This also extends to consideration of the company's supply chain ethics and commitment to transparency. Well-respected distributors will assist IAF’s efforts to carry high-quality, natural products in line with the standards set forth by IAF. Due Diligence Process for Third-Party Distributors Through the due diligence processes, IAF has determined there are several licensed distributors that share IAF’s commitment to product quality, sustainability, and compliance. With a sincere focus on regulatory requirements and continued training, IAF is committed to fully complying with state and local laws, including the requirement Infinity Assets Fresno — Business Plan | 56 TABLE 1.8: PERCENTAGE OF RETAIL SALES BY PRODUCT CATEGORY Open - FY2021 FY2021-FY2022 that all products come through a state-​licensed distributor.All selected distributors will provide IAF and its management ongoing evidence of laboratory analytical testing to be shared in the form of CoAs from trusted,licensed cannabis testing laboratory.Each distribution company will represent a unique assortment of cannabis products,allowing IAF to meet a wide variety of anticipated customer needs.Working with the CCO/CFO, the Director of Sales will continually develop distributor relationships,consistently reviewing client feedback and sales data, and serving the community’s evolving needs. IAF has established ​Vendor Procurement Guidelines,the full-length version of which will be made available post-licensure.These Vendor guidelines serve to govern interactions between IAF,each distributor,and their represented brands.To ensure IAF and our established vendors align on key elements of business and product sourcing,the following summary has outlined these expectations: ●Customer Service Expectations​:​IAF will work only with licensed distributors who respond to standard business inquiries within a reasonable timeframe.This requires that potential vendors and/or distributors address all inquiries thoroughly and in-detail with a direct response by phone or email. ●Purchasing Terms and Conditions​:​The Director of Sales and CCO/CFO are responsible for sourcing products options at the best available price without compromising quality or limiting inventory and product offerings.Only authorized employees will issue purchase orders (POs).POs must be placed via electronic transmission.All designated pricing,customer or employee discounts,product dating,advertising allowances,rebates,and customer appreciation days will be negotiated prior to submission.Distributors are expected to respond to IAF’s POs within two business days via email to confirm on details of the order which must include at a minimum the price,quantities,and delivery date.Prior to placing a PO,the Director of Sales or CCO/CFO will request and review/verify the CoA for the proposed products.Additionally,a review of the PO notes for any special instructions from IAF must be completed by all Suppliers. ●Certificates of Analysis (CoA)​:Distributors must provide IAF with a list of approved third-party testing laboratories who work with that distribution company. All third party laboratories must show that they are compliant,well-regarded,and licensed in the State of California.Prior to IAF ordering a product,the Director of Sales or CCO/CFO will request that the distributor provide a valid CoA from a fully licensed testing laboratory from one of those included on the approved list. Both the Director of Sales and CCO/CFO are trained to review CoAs with one or both to confirm the CoA appears correct.This is following the CoA review checklist,prepared by the CCO/CFO,to ensure compliance with Bureau regulations and ISO 17025 standards.Only after completing a purchase order review and confirming the CoA appears correct from the testing laboratory is on a pre-approved list,will the IAF’s authorized employee approve the products being received,as described above.In the event the Director of Sales or ​CCO/CFO has reviewed and confirmed a CoA from this laboratory within the past quarter,a Infinity Assets Fresno — Business Plan | 57 spot verification that the CoA is consistent with the previous CoA and appears to meet required standards is sufficient.No less than once on a quarterly basis,IAF will verify the testing laboratory’s current license status by utilizing the Bureau’s Online License Tool. ●Advanced Invoice and Ship Notice​:​Distributors are expected to email an invoice no less than 24 hours prior to any scheduled delivery.This email notice with invoice must list the shipment’s contents in full with the quantity,pricing, number of cases,tracking numbers,originating manufacturer or cultivator,and any other pertinent information.This includes acknowledgement by the Director of Sales or General Manager to confirm IAF has a copy of each product’s CoA. The distributor will upload all required information into the METRC system which concurrently creates a shipping manifest at the time of invoicing. ●Change Communication​:​Any changes that affect IAF’s purchase from the Distributors must be communicated to the Director of Sales,including any issues regarding product availability,quality control,and delays in shipment,delivery,or lead times. ●On-Time Delivery/Lead Times​:​Deliveries are expected to arrive at the facility by the due date specified in the PO.This must be reflected on the distributor invoice prior to sending the shipment and must arrive within a designated delivery window.Distributors are responsible for immediately communicating any changes in lead times and/or expected due dates.It will be at the discretion of the Director of Sales or General Manager to refuse the entire order should the delivery date expectation fail to be met or in the event where the delivery is not made during the designated delivery window. ●Delivery Window​:​The Director of Sales or General Manager will schedule a delivery window directly with each distributor.This will serve to ensure delivery procedures are implemented efficiently and within compliance for all State law and local regulations. ●Product Liability Insurance Requirements​:​All Distributors must agree to retain and keep comprehensive general liability and contractual liability insurance,required to remain in compliance with the Bureau regulations.Prior to an initial order,IAF will request proof of this insurance as well as at regular intervals, thereafter, occurring at a minimum of every six months. Compliance with Applicable Laws and Regulations Distributors must hold a valid license to distribute cannabis in California and maintain good standing with the state,Fresno County,and any other Fresno relevant authorities. Infinity Assets Fresno — Business Plan | 58 Should any distributor incur any legal action,such as license revocation,that distributor must notify IAF within no more than 48 hours.IAF will only source products that meet California’s testing requirements and will require distributors to submit laboratory-certified copies of each product’s CoA.The General Manager or CCO/CFO will verify the CoA presented by the distributor is the CoA that corresponds to the batch and,furthermore that each label corresponds with the CoA.Each CoA must also be reviewed regarding the cannabinoid content and contaminants as is required to be listed by the State of California.IAF will only accept products that have been packaged and labeled for final sale,as well as verified by the General Manager and/or CCO/CFO.This includes also verifying the originating manufacturer or cultivator’s name and license number,date of entry into the distributors storage area,Unique Identifiers (UIDs)and batch number associated with the product.Further details also to be reflected therein are the description of the cannabis products,weight of or quantity of units in the batch, and the best-by,sell-by,or expiration date of the batch (if applicable).For manufactured cannabis,products will comply with all requirements of the Business and Professions Code section 26130,including specific requirements regarding edible products and the use of volatile solvents when producing concentrates.Delivery of products will be made by Distributors through IAF’s packaging and receiving area in the back of the dispensary.Distributor Agents must be at least 21 years old and will log in and log out on a designated Visitor Log upon entry and exit to the facility. Social Responsibility As an integral element of the Company’s business success,IAF views their distributors and subcontractors to be a large facet of the overall success of the organization.IAF strives to choose distributors that adopt strong ethical standards,conduct operations in a manner that respects the rights of all employees,and that demonstrates sustainable practices with careful stewardship of the environment.IAF expects all products sourced from distributors shall meet or exceed the following criteria: ●Labor and Employmen​t:​Distributors must be committed to an equal-opportunity environment as employers.This includes not discriminating against employees based on race,color,religion,sex,national origin,age, disability, marital status, sexual orientation, or any other protected class status. ●Social Equity:​Our commitment at IAF is to align with products sourced to encourage economic growth and will remain a keystone of the acquisition practices at IAF.Distributors must source from cannabis brands owned by individuals identified as negatively impacted by cannabis criminalization.In addition to being mindful about small cultivators,IAF is committed to purchasing cannabis products from licensees located in census tracts with income and poverty levels below state averages. ●Environmental Consciousness​:​IAF prioritizes brands with Clean Green certification with a strong preference for products which carry this seal.Sourcing from cannabis brands adhering to transparent,environmentally conscious practices,Distributors must remain committed to compliance with federal,state, Infinity Assets Fresno — Business Plan | 59 and local regulations.This includes laws regulating air emissions,water discharges,toxic substances,and waste disposal.All products must be composed of high-quality,natural ingredients and must not include harmful pesticides or inorganic chemicals. ●Health and Safety​:​Workplace health and safety designates that all IAF Distributors must adhere to local,state,and federal requirements including laws relating to child labor,forced labor,abuse,discrimination,and freedom of association.This requires that Distributors take proactive measures to prevent environmental and other workplace hazards. IAF is pleased to offer at-home delivery to accommodate our patients and customers, especially those unable to visit the dispensary due to a medical condition.Deliveries will only be performed in one of two Company-owned fully enclosed motor vehicles, equipped with a locking function and active alarm system,and will only be operated by a Delivery Agent of IAF,pursuant to 16 CCR §5417(a).The following procedure will govern the IAF delivery process. a)Orders will be received at the dispensary by phone or via the internet using Weedmaps. b)Orders placed on the phone or on the internet may be delivered to a physical address, once confirmed by the fulfillment team. i)Customers may pay for online and telephone orders with cash upon delivery. c)When an order is received via the internet or via phone call,a member of the IAF Fulfillment Team will confirm the following prior to processing the order,pursuant to 16 CCR §5416:1)The address is a physical address in California;2)The address is located in a City or County that does not expressly prohibit cannabis delivery by ordinance;3)The address is not located on publicly owned land or Infinity Assets Fresno — Business Plan | 60 1.6.1(vi) - DELIVERY PROCEDURES, VEHICLES, AND SECURE TRANSPORT PROCESS any address on land or in a building leased by a public agency;4)The address is not near a school providing instruction in kindergarten or any other grades 1 through 12,day care center,or youth center;and 5)The address is not located on land held by the United States for a tribe or an individual tribal member, unless the delivery is authorized by and consistent with applicable tribal law. d)Once the address is confirmed,a member of the IAF Fulfillment Team will put the order in the fulfillment queue.Orders must be received by IAF’s 7:00PM ​cutoff time.An IAF employee will then process the order;add the order to the Meadow delivery management software used to manage delivery orders,delivery dispatch and planned delivery routes; and begin preparing a Delivery Request Receipt. e)Pursuant to 16 CCR §5420(a),​the Delivery Request Receipt prepared for each delivery of cannabis goods will include the following information: i)The name and address of IAF; ii)The first name and employee number of the Delivery Agent who will deliver the order; iii)The first name and employee number of the IAF employee who prepared the order for delivery; iv)The first name of the customer and a retailer-assigned number for the person who requested the delivery; v)The date and time the delivery request was made; vi)The delivery address; vii)A detailed description of all the cannabis goods requested for delivery, including the weight,volume,or any other accurate measure of the amount of all cannabis goods requested; viii)The total amount paid,or amount owed for the delivery,including taxes or fees,the cost of cannabis goods,and any other charges related to the delivery; and ix)Upon delivery,the date and time the delivery was made,and the handwritten or electronic signature of the customer who received the delivery. f)Every Delivery Agent will be at least 21 years of age and all deliveries of cannabis goods will be made in person.​IAF ​Delivery Agents will not leave the premises with cannabis goods unless at least one delivery order has already been received and processed by ​IAF​. i)IAF ​Delivery Agents will ensure the delivery vehicle contains cannabis goods with a value of no more than $5,000.00 when performing a delivery, in accordance with 16 CCR § 5418(a). ii)Delivery vehicles may only contain $3,000.00 worth of cannabis goods when stationary and not performing a delivery procedure. iii)Th​is value will be determined using the current retail price of all cannabis goods carried by, or within the delivery vehicle of, ​IAF​’s Delivery Agent. Infinity Assets Fresno — Business Plan | 61 g)Depending on the amount of orders in the fulfillment queue for that day,the Dispensary Manager will determine the amount of cash to be dedicated as change for delivery orders paid in cash.This will be determined by the number of cash request orders requesting,if any.Any cash amount given to the ​Delivery Agent as change will be recorded at the beginning of the shift by the Dispensary Manager. i)The ​Delivery Agent will maintain this change amount in a locking deposit bag and will only be given dedicated change cash if there are delivery orders in the fulfillment queue that have requested to pay in cash. h)IAF’s policy requires all Delivery Agents to be off of the road by 9:00PM.Orders that cannot be delivered in time for the driver to return the vehicle to IAF by 10:00PM will not be delivered and the contents of the order will be returned to inventory during closing procedures.The customer will receive an automatic notification about the status of the order and can confirm if he/she would like it delivered the following day. i)Prior to leaving the facility for a delivery,the Delivery Agent will complete the following tasks from the Transport Readiness Log including:1)Collect designated vehicle keys;2)Collect driver license;3)Collect IAF employee badge;4)Ensure the vehicle’s insurance certificate is in the vehicle;5)Bring a functioning phone charger;6)Bring the fully charged IAF phone;7)Ensure the vehicle GPS is functioning,pursuant to 16 CCR ​§5417(d)​and synchronized with Meadow;8)Ensure the cash safe is empty;9)Bring delivery route information; 10)Bring each Delivery Request Receipt;and 11)Bring the inventory ledger (manifest)for all products contained in the vehicle,including confirmation the value is within state mandated limits referenced above. i)The Delivery Agent will also check and record the status of the following vehicle specifics and take steps to correct the condition of the vehicle,if applicable and necessary:1)The condition of the vehicle alarm system and camera functions;2)The condition of the cargo area,ensuring it is cleaned and empty;3)Gasoline level;4)Vehicle mileage;5)Condition of vehicle lights;and 6)Exterior condition of the vehicle,recording any damage, including scratches or dents. j)The Delivery Agent will be provided with a delivery inventory ledger before loading the vehicle.All cannabis goods prepared for an order,received and processed by IAF must be clearly identified on the inventory ledger,in accordance with 16 CCR §5418(e).The inventory ledger will include the:1) Type of cannabis good;2)Brand;3)Retail value;4)Track and trace identifier; and (5) Weight, volume or other accurate measure of the cannabis goods. k)Two-person verification will be implemented at IAF.All cannabis goods will be collected from the Delivery Holding Area and loaded into the delivery vehicle by the Delivery Agent in the presence of a Security Guard and the Dispensary Manager.All loading and unloading of the delivery vehicle will occur under video Infinity Assets Fresno — Business Plan | 62 surveillance,pursuant to 16 CCR §5044(d)(1).Under no circumstances will Delivery Agents enter the Vault. i)Pursuant to 16 CCR §5417(b),cannabis goods will be stored appropriately inside the vehicle so as to not be visible by the public from the exterior of the vehicle.Cannabis goods will be locked and secured in a fully enclosed container inside of the vehicle.This enclosed container will not be comprised of any part of the vehicle. ii)T​he Delivery Agent will be given the key to the locking container by an ​IAF Management Team member once inventory has been loaded completely into the vehicle. l)Before leaving the facility,Delivery Agents will maintain their physical appearance in a presentable matter,checking quickly for no indications of cannabis activities being displayed on their clothing or the vehicle. m)While en route, Delivery Agents will always practice safe driving techniques. i)Delivery Agents will always wear a seatbelt and will keep their IAF-provided cell phone in hands-free mode. ii)Delivery Agents will always abide by California driving laws,exercising defensive driving skills while maintaining a safe legal speed while driving, and an appropriate following distance of three vehicle lengths from the vehicle in front of the delivery vehicle. iii)Delivery Agents will never text while driving the delivery vehicle. iv)Personal cell phones are prohibited from being inside the delivery vehicle. v)Delivery Agents are prohibited from tobacco use of any kind in the delivery vehicle. vi)Cannabis use or consumption while operating a delivery vehicle is strictly prohibited. vii)Eating and drinking in the delivery vehicles is prohibited. n)Delivery Agents will not engage in any activities except for cannabis goods delivery and necessary rest,fuel,or vehicle repair stops,in accordance with 16 CCR § 5415(d). i)The Delivery Agent will notify a member of the IAF Fulfillment Team upon arrival at any destination for a delivery,parking location,or state-approved activity,such as a necessary rest,fuel,or vehicle repair.Delivery Agent will inform a member of the IAF Fulfillment Team of the nature of their vehicle stop and,if possible,the Delivery Agent will always attempt to park in vendor parking lots or areas monitored by security personnel or surveillance cameras, and in well-lit areas. ii)If the Delivery Agent gets out of the vehicle,he/she will lock and alarm the vehicle while parked or unattended,in accordance with 16 CCR §5417(c). The Delivery Agent will also stow away personal belongings when he/she exits the vehicle to prevent vehicle break-ins. Infinity Assets Fresno — Business Plan | 63 iii)Pursuant to 16 CCR §5418(f),Delivery Agents will maintain a log including all stops from the time the Delivery Agent left IAF’s facility to the time the Delivery Agent returns to IAF’s facility. o)When a Delivery Agent arrives at the designated delivery location,the customer will receive an automatic notification that the Delivery Agent has arrived.The Delivery Agent will notify a member of the IAF Fulfillment Team of his/her arrival at the delivery location. i)Delivery Agents will park the delivery vehicle appropriately and legally, avoiding parking in handicap parking,in front of fire hydrants,in front of “bus only”zones,in fire lanes marked by red curbs,or other illegal parking areas. ii)Delivery Agents will attempt to park in well-lit areas,if possible,when parking the vehicle for a delivery or other acceptable activity. p)The customer will meet the Delivery Agent outside of the building and must present government-issued photo identification.Pursuant to 16 CCR §5415(f), the Delivery Agent will confirm the identity and age of the customer by verifying a valid form of identification,outlined in ​1.6.1(a)—Customer Check-In Procedures​, with the order information prior to delivering cannabis goods to the customer. q)After verifying identification,the Delivery Agent will ask the customer for a signature on the Delivery Request Receipt and provide the customer with a hard or electronic copy of the Delivery Request Receipt and the cannabis goods the customer ordered. r)Upon the completion of each customer delivery,the Delivery Agent will return to the vehicle and will inform a member of the IAF Fulfillment Team of the success of the delivery, or if there was an issue with the order. s)If the Delivery Agent was given cash by the customer to pay for the order,he/she will place the cash and a completed deposit slip into an envelope and insert the envelope into the vehicle safe,after entering the vehicle and locking the door.Delivery Agents will not have access to delivery order deposits placed into the safe after cash is dropped into the safe. t)The Delivery Agent will update the inventory ledger to reflect the current inventory in possession of the Delivery Agent, pursuant 16 CCR §5418(e).Delivery Agents update after each delivery completed during their route,ensuring accurate inventory records upon return to the facility. Infinity Assets Fresno — Business Plan | 64 u)When the Delivery Agent returns to IAF,the Delivery Agent,in conjunction with a member of the Management Team,will complete tasks on an End of Shift Checklist including:1)Check and record the vehicle mileage;2)Remove any inventory remaining in the delivery vehicle;3)Count all inventory and reconcile the inventory in Meadow;4)Remove,count,and reconcile cash from the safe;5) Empty the trash inside the vehicle;6)Remove any personal belongings,if any, from the vehicle;7)Remove the IAF phone from the vehicle and return it to the charging station inside the dispensary;8)Lock the vehicle;and 9)Return the vehicle keys to their appropriate location in the dispensary. v)Unloading and removal of cash or cannabis goods inventory,counting of cash and cannabis goods inventory,and reconciliation of cash and cannabis goods from a delivery vehicle will occur in the presence of a Security Guard and a member of the Management Team. w)Cash will be removed from the safe by an IAF Manager upon return to the dispensary. x)In accordance with 16 CCR §5418(f),the Delivery Agent will turn in the log of all stops made throughout the delivery shift,from the time the Delivery Agent left IAF to the time the Delivery Agent returned to IAF,to a member of the IAF Management Team.These logs will be retained as commercial cannabis activity records for seven years. y)All inventory removed from the vehicle will be reconciled and recorded in Meadow to reflect accurate inventory amounts.Cash collected on the route will be counted and recorded in Meadow. z)IAF management will ensure all cash and inventory is accounted for by comparing records from ​the beginning of the delivery shift with the delivery inventory ledger,cash amount,if applicable,and cannabis goods inventory at the end of the delivery shift to ensure all scheduled deliveries were completed and physical inventory amounts are consistent with ​Meadow​. This Business Plan is designed to demonstrate IAF’s extensive preparation and overall ability to not only meet the requirements of the City of Fresno but surpass them and set the bar for other competing cannabis businesses.IAF has provided the Ownership Team members’resumes,which illustrate over 100 years of combined cannabis experience and demonstrate their qualifications and ability to successfully implement the business’operational strategies.​The IAF Ownership Team will draw upon their extensive experience in other cannabis markets and are passionate about operating a socially responsible business that provides a positive contribution to the Fresno community. Infinity Assets Fresno — Business Plan | 65 SUMMARY This Business Plan details a startup and an operational budget,outlining forecasted costs relating to construction,operations,maintenance,compensation of employees, equipment,utilities,and other operation costs.The IAF Ownership Team has provided a source of capital,which demonstrates sufficient proof of capitalization.To demonstrate long-term viability,IAF has provided a ​Five-Year Pro Forma that further details and highlights expected revenues and expenses.Drawing on the Ownership Teams’ extensive experience operating similarly regulated businesses,this Business Plan outlines plans for the proposed dispensary’s inventory management,daily operations protocols,proposed hours of operations,opening and closing procedures,sales procedures,customer management,proposed product line,vendor procurement, at-home delivery procedures,and compliance with all applicable state and local laws and regulations. IAF is committed to meeting and exceeding the requirements,qualifications,and compliance regulations set forth by the City of Fresno and the State of California for the operation of a cannabis retail storefront.The Ownership Team clearly understands the impact of its business upon the City of Fresno extends beyond the operation of a business that provides desirable products and services to its customers.The business must respect and lean into its obligation to be a cooperative,constructive,and community-centric enterprise that improves its neighborhood community aesthetically, economically and culturally. Infinity Assets Fresno — Business Plan | 66 SOCIAL POLICY AND LOCAL ENTERPRISE PLAN Infinity Assets Fresno (IAF) aims to seamlessly integrate its proposed retail dispensary into the community of Fresno, and create well-paying jobs with attractive benefits for local residents. IAF has developed employee hiring and management policies and procedures with the understanding that each individual is unique and recognizes all individuals represent diverse characteristics and cultures. The Company is committed to serve as an equal opportunity employer hiring individuals from all walks of life, and those who are underrepresented in the Fresno community. Employee personal development programs and diversity training will forward IAF’s commitment to creating a professional environment free of discrimination and bias. The proposed Company compensation benefits package includes competitive salaries and wages that exceed the living wage requirement estimated for Fresno County, as well as substantial professional development and advancement opportunities. IAF will recruit the best team possible, prioritizing diverse candidates from the region who are passionate about learning and able to provide exceptional customer service. Hiring practices will abide by all state, local, and federal regulations, and will adhere to ADA requirements. IAF will offer employees three categories of training (core, functional and continued), and employee job performance assessments will be documented to ensure all employees meet their training objectives. This Social Policy and Local Enterprise Plan describes the anticipated number of employees, a summary of each job description and relative responsibilities, training plans, and IAF’s commitment to hire employees primarily from Fresno and Fresno County. IAF has entered into a Labor Peace Agreement with Teamsters Joint Councils #7 and #42 to which both parties have agreed IAF will not help or hinder the Union’s employee organizing efforts, and the Union will refrain from exercising its right to picket, handbill, boycott, work stoppage, or other economic interference. IAF realizes local management provides an opportunity to be leaders in a local-centric community business, and the Company leans into the notion of being a positive, forward-thinking contributor to the fabric of Fresno. IAF’s Community Engagement & Marketing Director and Community Relations Manager are both Fresno residents with longtime local community ties and Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 1 PLAN OVERVIEW will assist in ensuring the Company’s hiring practices are in the best interest of the Fresno community and economy. In the spirit of promoting and forwarding the multifaceted benefits of cannabis business development in the City of Fresno, IAF is committed to serving as a Social Equity Business Incubator. Serving as an economic, social and environmentally conscious business model, the Company will dedicate experienced, professional assistance to new Fresno dispensaries operating under a cannabis social equity business license through the IAF Mentorship Program. This program will provide counselling and training in a series of educational courses ranging from employee training and industry best practices to regulatory compliance and business management.​IAF’s hiring and community engagement approaches will ensure relationship building efforts within the community are meaningful, targeted, and aligned with the City’s goals. Providing a Living Wage Infinity Assets Fresno (IAF) is committed to offering and providing a living wage to every employee working for the Company. To determine appropriate living wages, IAF conducted extensive market research to determine the average wage or salary for each of the open positions, or comparable positions, at both the City and state level. IAF considered Fresno’s economic data, California’s employment and minimum wage requirements, the scope of the position, cash burn rate, and the Company’s deep interest in hiring and incentivizing employees to remain with IAF for a long tenure. IAF recognizes that analysts and policymakers often establish living wages by first examining the federal poverty threshold to determine an individual’s ability to maintain a certain standard of living. However, poverty thresholds do not accurately account for living costs beyond a basic food budget. Childcare and healthcare are generally not considered in these measures, which can draw from an individual’s income and affect his/her ability to truly earn a living wage that affords the employee with a good quality of life. Wages issued to employees in hourly positions, including Retail Agents, Delivery Agents and Receptionists, will range from per hour based on a variety of factors including the candidate’s experience and qualifications. Hourly wages will not fall below per hour, which is more than California’s current required minimum wage ( per hour), and greater than the estimated living wage in Fresno County per hour). IAF will continue to maintain wages above the minimum wage as the California minimum wage increases to per hour by 2023. Salaries offered to full-time, exempt employees, including all members of the Management Team, will range from per year to per year based on each candidate’s experience and qualifications. Owners will take reduced salaries, earmarked at , in order to ensure sufficient cash flow for operating activities, and will take owner draws when there is Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 2 2.1 – LIVING WAGE sufficient cash flow to maintain at least six months of operations. Full-time employee salaries, other than those of the Owners, will not fall below per year, more than above the minimum yearly wage defined by the State of California Department of Industrial Relations. According to the State of California Employment Development Department​1​, Fresno’s October 2020 unemployment rate was measured at 9.3%, relative to the State’s unemployment rate of 11.4% pulled from the August 2020 State of California Employment Development Department’s Labor Market Information Division report​2​.​Table 2.1: Personnel Table in subsection ​2.6 — Organizational Chart and Employee Responsibilities ​summarizes IAF estimated wages and salary ranges, by position. IAF is committed to creating strong employment opportunities with competitive salaries and benefits for Fresno residents. As a growing small business, IAF will continue to prioritize our team members ability to achieve their economic and professional goals. IAF’s employment, benefits, and professional development package is tailored to encourage long term employment and growth from within. IAF believes higher wages for its workforce are necessary for a productive local economy. In an effort to support this, hourly wages at IAF start in excess of the current California minimum wage by per hour. All IAF team members throughout our operational structure will be paid at least 37.8% more than the local living wage of Fresno residents. 1 ​Fresno Metropolitan Statistical Area (MSA), State of California Employment Development Department (November 2020), https://www.labormarketinfo.edd.ca.gov/file/lfmonth/frsn$pds.pdf 2 California Labor Market - Current Status, EDD Labor Market Information Division (August 2020), https://www.labormarketinfo.edd.ca.gov/ Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 3 2.2 – EMPLOYEE BENEFITS IAF’S EMPLOYEE BENEFITS PACKAGE Paid Volunteering Opportunities IAF is committed to donating time to participate in local and state fundraisers and community campaigns and events. The Company is proud to offer all employees four paid volunteer hours every month to participate in volunteer activities in the Fresno community. Upon licensure, IAF will contact local Fresno organizations seeking volunteers, and will create a list of approved volunteer opportunities for employee consideration. Organizations will be selected based upon Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 4 their alignment with IAF's principles and goals for community engagement. Using their paid volunteer days, employees will select and commit to their organizations of choice. The volunteer list will be continually expanded and refined as IAF identifies new opportunities to participate in beneficial community initiatives and events. Paid Time Off & Paid Holidays Benefits offered to IAF full-time employees will include paid sick leave, paid time off (PTO), and holiday closures based on their number of years of employment. In addition to paid volunteer hours, employees will accrue two hours of PTO and sick leave for every 80 hours worked. For one to three years of employment, full-time employees will accrue up to 24 hours of PTO and 24 hours of sick leave. For two to five years of service full-time employees will receive 36 hours respectively, and for five or more years full-time employees will receive 48 hours respectively. Full-time employees will also be offered paid leave for major federal holidays​,​including Independence Day, Thanksgiving Day, and Christmas Day. Part-time employees will be offered similar sick days per calendar year based on years of employment and will acknowledge unpaid Company holidays. Healthcare, Vision, and Dental Insurance After completing one year of employment, IAF will offer full-time employees health, dental, and vision insurance coverage. IAF will use Anthem Blue Cross Blue Shield as its preferred health insurance provider, offering a range of health insurance plans to accommodate each employee's unique healthcare needs. Disability, Unemployment, Social Security, Medicare and Workers’ Compensation IAF will contribute to Disability Insurance, State Unemployment Insurance, Social Security and Medicare, as well as Workers’ Compensation. IAF uses the State Fund for workers compensation. Extensive, High-Value Job Training IAF will offer supplementary training programs to ensure all employees receive the support necessary to thrive in their individual roles at the Company. Training programs will be developed by the Management Team based on their Benefits Program Review As the Company expands its workforce and learns more about the most pressing issues employees face, IAF will reassess its benefits packages and add employee benefits accordingly. The Management Team will review its Employee Benefits Plan a minimum of two times per year. The Management Team will create an employee survey to allow employees the opportunity to provide feedback on their satisfaction with current employee benefits packages and their desired employee benefits packages. Company Culture & Critical Policies IAF is committed to building a workplace environment and culture where every employee feels valued, safe and respected. The Company has developed the following trainings and protocols that all employees of the dispensary will learn to advance this mission: Diversity and Cultural Awareness Training:​Upon hire, every employee will be required to complete diversity and inclusivity-related trainings on topics including Affirmative Action, Sexual Harassment, and Reasonable Accommodations for Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 5 business experience, and training will be revised as employees' performance is observed and gaps in skills and knowledge are identified. IAF will offer optional workshops including classes addressing financial literacy and other life skills to benefit employees beyond the workplace. While open to all, the Management Team will be mindful to focus on encouraging employees from underrepresented backgrounds to participate in these programs. IAF will implement policies to not only promote diversity and inclusion, but also emphasize open lines of communication between employees and management to identify and address any occurrence of discrimination in the Company. Equal Opportunity Employer Prospective employees will be welcomed and valued—regardless of race, ethnicity, sexual orientation, gender identity, age, language, abilities/disabilities, socioeconomic status, geographic region or other characteristics. Candidates will have the opportunity to meet with a representative from IAF to explore employment opportunities and assess how individual skills and prior job experience may translate to a successful career in the Company. IAF will give hiring priority to experienced individuals from disproportionately impacted communities within Fresno and Fresno County and will offer employees competitive hourly wages and generous health care and benefits packages. Individuals with Disabilities, among others. Participants will complete an assessment at training onset and conclusion so the trainer can assess each participant’s learning pace and progress. Members of the Management Team will be required to take additional training to increase their literacy and understanding of cultural topics and business practices that support diversity. Violence in the Workplace​:​Employees are expected to refrain from conduct that may be dangerous to others. Conduct that threatens, intimidates, or coerces another employee, customer, contractor, vendor, visitor, or business associate will not be tolerated. Direct or indirect threats of violence, incidents of actual violence, and suspicious individuals or activities must be reported as soon as possible to a supervisor, security personnel, or any member of management. In instances of reporting a threat or incident of violence, employees will be trained to be as specific and detailed as possible, and not place themselves in danger if witnessing any such incident. All reports of threats of violence or incidents of actual violence and of suspicious individuals or activities will be investigated immediately. The identity of the individual who reported the incident will be protected to the greatest extent possible. Employees will be protected when making good-faith reports of violence, threats, suspicious individuals or activities. Employees suspected of workplace violence or threats of violence, may be suspended either with or without pay. Pending further investigation and results, employees involved in such activities may result in termination. Discrimination Policy:​Each individual has the right to work in a professional atmosphere, which promotes equal employment opportunities free from discriminatory practices. Consistent with its workplace policy of equal employment opportunity, IAF will institute a zero-tolerance policy regarding discrimination on the basis of race, color, religion, creed, sex, national origin, age, disability, marital status, veteran status, or any other status protected by applicable law. Violations of this policy will result in immediate disciplinary action. Discrimination includes, but is not limited to, making any employment decision or employment related action on the basis of race, color, religion, creed, age, sex, disability, national origin, marital or veteran status, or any other status protected by applicable law. Zero Tolerance​: IAF takes a zero-tolerance approach to violations of its critical policies and failure to report actual or suspected violations of its policies. If it is determined that an employee violates the Company's critical policies, the result will be immediate suspension or termination. IAF is committed to creating an environment that contributes to the health and well-being of all customers. Critical to that outcome is the cultivation of a well-informed staff. The program described in this section is designed to develop employees’ knowledge and expertise over time. IAF’s training procedures that specifically relate to safe cannabis use include developing the staff’s understanding of the endocannabinoid Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 6 2.3 – EMPLOYEE EDUCATION AND TRAINING system, common patient conditions, the available variety of strains, and modes of administration. In addition to the materials described in this training plan, employees will receive required training on topics, such as California’s track and trace system, METRC™; proper use of security measures and controls adopted to prevent diversion, theft, or loss of cannabis; legal requirements for maintaining status as a licensed employee; regulatory inspection preparedness; law enforcement interaction; confidentiality with respect to patient information; and Human Resources policies. This training list is not exhaustive but will be fully determined and drafted upon receiving local and state licensure. As detailed below, employees will have access to initial and ongoing training within the dispensary, third-party training programs, and educational resources. IAF will also have a continuing education program for employees with over one year of employment at the Company. Employees may be provided with tuition assistance for classes online or at the local community college. A particular emphasis on business and hospitality courses will be encouraged, but not mandatory. Employees with management responsibilities will be required to attend Cal OSHA training programs and stay up-to-date with Cal OSHA refresher courses. Responsibility and Oversight The Chief Operating Officer and General Manager will have direct responsibility for and oversight over the employee training program, including all elements related to safe cannabis use. The Chief Operating Officer and General Manager are responsible for coordinating with IAF’s Management Team to ensure all training modules are prepared and presented, and verification all compliance requirements are sufficiently addressed. They will also perform a bulk of the training and documentation of training performance. The Management Team will teach courses that fall within their respective areas of expertise. For topics better presented by an outside expert, the Chief Operating Officer and General Manager will arrange for such experts. Employee Training Records Training will be recorded in IAF’s Training Binder and employee files. In accordance with 16 CCR § 5037 (a)(3), IAF will retain training records for a minimum of seven (7) years and provide these records to local and state officials upon request within 24 hours. The following information, at a minimum, will be recorded and maintained: a) Names of the employees trained; b) Course titles; c) Course content; d) Date of training; and e) Provider’s name. Employees will be required to obtain the signature of the course instructor on their transcript once the course has been completed. The Chief Operating Officer or General Manager will be responsible for recording completed training an employee’s file. Employees may inspect their own full employee file, which will include at a minimum the mandatory requirements under the Fair Labor Standards Act, as well as training records and due dates for the next training, job classification, background check, notes and forms for employee performance, and any forms and records regarding reprimands. Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 7 During an investigation of a criminal offense, IAF may choose to not allow an employee inspection, but will seek legal counsel before refusing access. Retention and Professional Growth IAF’s Management Team encourages employees to maintain a Personal Development Plan (PDP) and actively work toward their professional development. The PDP will be co-developed by the employee and his/her Manager, detailing the employee’s strengths, opportunities for improvement, and specific growth goals to help the employee make measurable progress between review periods. The Company uses performance reviews as a tool to determine pay increases, promotions and/or terminations. The PDP may also serve as a roadmap for employees to continue to gain skills that will enhance performance in their current role, address any anticipated changes to their current role, and track career aspirations and progress towards a future role. New employees will be required to undergo a performance review on a quarterly basis for the first year of employment. All employees are required to participate in an annual performance review with their direct Manager. All reviews and PDPs will be maintained, with each employee’s unique employee file, in accordance with the Company’s recordkeeping best practices and pursuant to Fresno Municipal Code (FMC) §9-3331(b). Employee Training Program IAF is dedicated to establishing a dispensary environment that promotes the comfort and well-being of customers and recognizes hiring highly knowledgeable employees is a critical part of reaching this goal. The Training Plan summary has been designed by IAF’s Management Team to align the Company’s training efforts and resources with its core principles and strategic goals. The Training Plan establishes the means by which IAF’s Management will provide initial and ongoing training, ensuring all employees will conduct themselves in a manner that comports with the best interests of the Company. The Training Plan will familiarize new employees with the Company’s goals, guiding principles, and the training framework the Management Team has developed to instill these goals and principles into daily operations. Each employee is required to complete training upon joining the IAF’s team. Training will take place in various formats including in-person training, external courses, mentorship, and formal assessments. The core of the Training Program is the initial onboarding training, which every employee will complete within one (1) week of being hired. The Management Team will ensure every employee has constant access to training materials that will help improve their performance, skill set, and their qualifications for potential internal promotion. The requirements set forth in the Training Plan will apply to all employees and the Management Team without exception. In addition to the training modules included in the Training Plan, employees will be required to undergo training on the California track and trace system, METRC™, and in customer information confidentiality. The training program is organized into three (3) training categories: Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 8 While there is a structure for employee training, parts of the curriculum are designed to be flexible, taking into account each employee’s skills and competencies, as well as each employee’s area(s) for improvement. Training participation and employee performance on related assessments will be documented to ensure all employees meet their training objectives. IAF will provide training content to the City of Fresno and Bureau of Cannabis Control upon request. IAF will continuously refine and improve training throughout the duration of dispensary operations. Responsibility and Oversight IAF’s Chief Executive Officer, Chief Operating Officer, and Chief Compliance Officer will be responsible for fully developing, refining, and implementing the Employee Training Program, including documenting employee participation and identifying instances where retraining is necessary. The Chief Executive Officer, Chief Operating Officer, and Chief Compliance Officer will coordinate with other members of the Management Team to verify each module is presented within the appropriate window of time for each employee, and current state and local regulations are thoroughly reflected in the subject matter. If a third-party subject matter expert and/or trainer is necessary to advise on a specific topic, the Management Team will engage the subject matter expert. Core Training IAF’s core training will begin with employee onboarding training. Each new employee will participate in New Employee Orientation within three (3) days of initial hire. In this training, each employee will be provided with a copy of the Employee Handbook, Company Policy and Procedures, Safety Plan, and Employee Code of Conduct; an overview of state and federal cannabis laws and regulations; and a written explanation of all expectations to maintain a professional work environment. The onboarding training process explicitly includes training on the Bureau of Cannabis Control’s rules and regulations, the policies and procedures found in the Employee Handbook, and the Company’s mission and guiding principles. The training program is designed to create a corporate culture grounded in the compliance of state law and IAF’s standards of care that will create an engaging and rewarding work environment for all employees. The purpose of core training is to establish consistent guidelines that are presented to all employees, regardless of role, and that all employees will abide by the guidelines.​The following topics will be facilitated as part of Core Training: Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 9 Core Training Functional Training Continuing Education Training Description:​To prepare each employee for random inspections by the Bureau of Cannabis Control (BCC), City, or other party with legal authority to do so, this training will cover methods of identifying BCC agents and their rights while on the premises. Training will highlight the authority each agent holds and explaining these expectations to employees during initial onboarding will ensure smooth, seamless inspections. Training will also emphasize the importance of maintaining organized, accurate records so records may be furnished upon regulatory agency request within 24 hours, per FMC §9-3331(d). Employees will be specifically trained to understand FMC §9-3335(a), ensuring inspections are not impeded and if requested, copies of any records, recordings, or other documents required to be maintained are readily provided. Frequency:​ Once annually and within 30 days of onboarding Length:​ Two (2) hours Description:​Training will focus on the requirements to maintain a cannabis employee permit and the relevant cannabis laws that guide the operations of the business. IAF will emphasize to each employee that working in the California cannabis industry is a privilege, not a right, and upholding Company values and local and state compliance comes with extensive responsibilities. Expectations to be covered during training include but are not limited to: a) Displaying the cannabis employee permit prominently while on the premises; b) Maintaining the condition of the cannabis employee permit; and c) Disciplinary action if the permit is not visible or is unrecognizable, including a verbal warning, written warning and possible termination for repeated infractions. Frequency:​ Once annually and within 30 days of onboarding Length:​ Two (2) hours Description:​In addition to the requirements outlined in the Fresno Municipal Code and California Code of Regulation, employees will be expected to abide by IAF’s internal rules set forth in the Code of Conduct section of the Employee Handbook. The training will cover each Company policy and employees will be expected to complete an assessment demonstrating their understanding of the material. Employees will receive Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 10 Regulatory Inspection Preparedness and Law Enforcement Interaction Facilitator: ​Chief Compliance Officer & Chief Financial Officer Maintaining Status as an Agent and Cannabis Laws Facilitator:​ ​Chief Operating Officer Professional Code of Conduct and Employee Handbook Facilitator:​ Chief Operating Officer their own copy of the Employee Handbook and sign an attestation acknowledging receipt and understanding of the Employee Handbook. Thorough understanding of and adherence to the policies in the Code of Conduct will create a safe, inclusive workplace for all IAF employees. While not exhaustive, Company policies covered during this training include: a) Harassment Policy; b) Violence in the Workplace; c) Smoking in the Workplace; d) Customer Confidentiality; e) Latest Information Pertaining to Cannabis Science; and f) Diversity and Inclusion Policy. Frequency:​ Once annually and within 30 days of onboarding Length:​ Two (2) hours Description:​Unfortunately, due to the cash-based environment, dispensary employees throughout the U.S. have been exposed to instances of burglary. Therefore, IAF worked with leading security experts, Sapphire Risk Advisory Group, to develop detailed Security and Safety Procedures, as well as aligned training to prepare employees for a variety of criminal events that could occur on the premises. Training will focus on the different types of threats employees may encounter throughout their employment, such as a threatening event like that of armed robbery, invasion, or burglary, and the most effective response to each scenario. Training will be facilitated by IAF’s Security & Facilities Director in a classroom setting, followed by hands-on training, and supplemented by random drills. Online training for armed robbery protocols, internal theft detection, and anonymous theft reporting will be provided through Sapphire’s training portal. Training will be mandatory for all employees within the first 30 days of employment. Subsequent training will occur on an ongoing basis to refresh employee understanding and incorporate new best practices. The Management Team will also arrange a site assessment by Cal/OSHA and follow-up with telephone consultations as required to ensure the facility is optimally set up for employee safety. Frequency:​ Once annually and within 30 days of onboarding Length:​ Three (3) hours Description:​IAF will provide additional safety-related training for other hazards that may be present in the dispensary. Training topics include, but are not limited to: a) Health and safety hazards present in the facility; b) Associated hazards with chemicals used at the facility; c) Effective use of safety or sanitary equipment during a medical emergency; d) Cleaning and maintenance schedules and procedures; e) Fire, earthquake, tornado, or other natural disaster; and f) Emergency operations, including Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 11 Security Training Facilitator:​ Security and Facilities Director Additional Emergency Training Protocols Facilitator:​ Security and Facilities Director shutdown procedures. Training will ensure employees understand how to appropriately respond in each situation; managing visitors and customers during any such situation; the use of associated personal protective equipment (PPE), safety and security equipment; and procedures to follow to ensure employee and visitor safety and thwart secondary attempts of theft during unplanned emergencies. IAF will require Managers to complete American Red Cross First Aid training, CPR training, and Oxygen Administration training. Employees will also be trained to follow the instructions of onsite security staff when performing opening and closing procedures. Frequency:​ Once annually and within 30 days of onboarding Length: ​Three (3) hours Description:​Internal diversion policies and procedures will be covered in detail during Diversion Training, ensuring each employee understands inventory audit procedures, suspected employee diversion policies, and repercussions for violating these policies. The most important component of Diversion Training is coverage surrounding IAF’s “Two-Person Verification,” which requires two authorized employees be present for specific operating procedures, such as receiving inventory; completing inventory audits; moving cannabis products in or out of the Vault; moving cash in or out of the Vault; counting cash in registers; and completing waste handling and destruction procedures. IAF will deter employees from attempts of diversion by presenting to them the list of measures and equipment designed as a deterrence. Training will include, at a minimum: a) The security measures and anti-diversion controls implemented in the facility, including Meadow and the California track and trace system; b) City and state regulations pertaining to possession/purchase limits; c) Operational policies designed to prevent and reveal diversion; d) Diversion reporting requirements, processes, and channels; and e) The Company’s ‘whistleblower’ protection is designed to protect employees while reporting suspicious activity. Frequency: ​Once annually and within 30 days of onboarding Length: ​Two (2) hours Description:Employees will learn how to properly and compliantly accept and count incoming deliveries of cannabis and cannabis infused products while ensuring the packaging and labeling is both compliant and unadulterated. Employees will learn how to inspect products and packages, examining for signs of tampering. Training will ensure employees involved in assembling orders can locate the correct batch for items Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 12 Diversion Training Facilitator:​ Security and Facilities Director Inventory Handling and Tracking Facilitator:​ Chief Operating Officer selected by customers, compliantly store and record physical inventory documents, and maintain sanitary storage conditions for cannabis products at all times. Training will also cover proper techniques and procedures for ensuring products are handled under full video surveillance at all times; products are returned to correct storage locations and in approved conditions; and methods for handling different types of products such as dried flower, concentrates and infused products. Frequency:​ Once annually and within 30 days of onboarding Length:​ Two (2) hours Functional and Job-Specific Training Job-Specific Functional Training pertains to job-specific modules, fully customized to each role within the Company. Functional Training involves both classroom and hands-on learning and is designed to prepare each employee for his/her daily responsibilities. Functional Training will be intentionally designed to support employees as they learn in an engaging atmosphere. Training will be facilitated by each employee’s manager, provided in both classroom and hands-on learning formats, resulting in each employee gaining an in-depth understanding of how to perform all functions of his/her job within the organization. Topics covered during Functional Training will, at a minimum, include the use of the point of sale (POS) system, inventory handling and control, customer interaction, daily operations, product knowledge training, and portions of the safety and security training. The Chief Operating Officer is responsible for documenting each employee’s training progress in collaboration with the license-specific Directors/Managers. Employees will participate in Functional Training for no less than three months, allowing each employee to continue building skills while under close supervision. After the new employee is ready to begin working independently, he/she will complete a Functional Training Assessment to demonstrate his/her knowledge and ability. Employees will receive a performance review at least twice per year and will be mentored throughout their tenure with the Company. Initial Job-Specific Functional Training Modules will include: Description:This training will be highly customized depending on each job function and will cover topics, such as: 1) Greeting customers; 2) Opening and closing the dispensary; 3) Fulfilling online orders; 4) Preparing orders for delivery; 5) Conducting a delivery; 6) Receiving customer phone calls; 7) Waste handling procedures; 8) Cleaning and sanitizing each area of the facility and logging the cleaning on an internal cleaning log; 9) Cash counting and handling; and 10) COVID-19 policies and protocols. Frequency:​ Once annually and within 30 days of onboarding Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 13 Retail Daily Operations Facilitator:​ General Manager Length: ​Six (6) hours Description:IAF will provide in-depth training pertaining to the specific use and functions of IAF’s selected POS system, Meadow. Initial POS training will be provided to all employees required to use Meadow during their daily responsibilities. Employees will be provided unique login credentials to track and audit any entry made in the system. As applicable, IAF will facilitate direct training and webinars offered by Meadow. Managers will be provided additional POS training covering restricted administrative functions, such as accepting and adding new inventory. Frequency:​ Once annually and within 30 days of onboarding Length:​ Four (4) hours Description:​This training guides employees on best practices for customer service, reviewing how to best serve and engage customers, as well as observing customer behavior. Employees will be trained to be empathetic and helpful to customers and will also learn how to assess customers upon arrival to the dispensary for any possible signs of substance abuse. Employees will learn the proper procedure for not allowing a customer into the dispensary or refusing a purchase due to suspected intoxication. Employees will be trained to advise customers and to provide science-based information regarding safe consumption of cannabis, such as accurate dosing and the effects of edibles. Frequency:​ Once annually and within 30 days of onboarding Length:​ Two (2) hours Description:Employees will understand each of the unique products carried by IAF, including product dosing instructions, method of administration, potency, and other relevant product information contained in the associated Certificates of Analysis (CoAs). Employees will learn how to engage customers professionally and compassionately and will be trained to effectively recommend products based on a customer’s specific needs. Training will incorporate available cannabis science including the endocannabinoid system; cannabinoids and terpenes; cannabinoid ratios within each product including an understanding of THC and CBD potency; and familiarity with the American Herbal Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 14 Retail Point of Sale (POS) Training Facilitator:​ General Manager Retail Customer Service Training Facilitator:​ General Manager Retail Cannabis Product Knowledge Facilitator:​ General Manager Products Association (AHPA) and the American Herbal Pharmacopoeia (AHP) cannabis monograph. Supporting topics include: ●Cannabis Plant Medicine:​Includes a review of typical strains, description of typical customer therapeutic needs, and discussion of appropriate strains or methods of administration. ●Differences in Cannabis Products:​Includes Clean Green Certification requirements, product dosing and methods of administrations available at the dispensary, product potency, and basic understanding of drug interactions with cannabis. This training will help employees understand the different types of cannabis products on the market so they may make the best recommendations to patients and customers. ●Certificates of Analysis:​Understanding CoAs from licensed cannabis testing labs. Frequency:​ Once annually and within 30 days of onboarding Length: ​Four (4) hours Continuing Education Training IAF will require all employees to participate in mandatory annual training to ensure all employees remain current on: a) Local and state regulations, specifically those pertaining to retailers; b) Safe handling of cannabis, including current dispensary best practices, health and safety standards, and updated industry hazards; c) Guidelines provided by the California Department of Public Health, including confirmed risks associated with each product category sold, risks cannabis use poses to pregnant and breastfeeding women, and safe edible consumption; and d) Any topic determined by IAF or required by the BCC, City of Fresno, the California Department of Public Health, Company policies and SOPs. For minor adjustments to the training curriculum, employees will be notified in either writing by email, or in conversation with the employee’s Manager. Policy and/or procedural changes will be posted in public places, such as the break room. Depending on the adjustment or procedural change, the Company may require employees to participate in a company-wide training, or to attend a company-wide meeting for explanation of the adjustment. Employees who are not in attendance will be required to attend an update meeting before they may return to work. If an emergency incident occurs at the facility, such as loss, theft, or diversion, IAF’s Management Team, Security & Facilities Director, and General Manager will review the incident and update related SOPs as necessary to prevent a similar incident from occurring. SOPs will be amended, and any related training will reflect these changes. A company-wide meeting will be held to carefully review the reason for change and procedural amendments. Records of Training Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 15 Attendance records for each training session will be maintained by the Management Team and kept on file in the secure record storage cabinet in the Office. These records will be available to the City of Fresno or BCC upon request, pursuant to 16 CCR § 5037(a)(3). Training records will be retained physically and electronically for at least seven (7) years with the employee’s records. Each record shall include: a) Name of the person receiving the training; b) Dates of the training; c) General description of the topics covered during training; d) Name of the person supervising the training; and e) Signature(s) of the person(s) receiving the training. The Chief Compliance Officer will maintain personnel records in each employee’s file, including but not limited to: the requirements under the Fair Labor Standards Act; the employee’s job description; employee performance reports; employee’s PDP; signed attestations and acknowledgements; and any disciplinary action(s) against the employee. Employees will be permitted to access their personnel file in the presence of an IAF owner or designated Human Resources professional. Providing employment opportunities will be IAF’s primary vehicle for helping those in the community whose livelihoods have been disproportionately impacted by cannabis criminalization and poverty. IAF will adhere to FMC §9-3331(b) by prioritizing diversity, equity and inclusion in its hiring practices, and will adopt socially conscious business practices to help impoverished community members. IAF will publish employment job openings in a variety of local media to reach a diverse range of candidates and will implement strategic recruitment policies to ensure job listings effectively reach target audiences. As detailed in ​Section - 2.8.1 Local Hiring Commitment​, IAF will hire at least 80% of new employees directly from Fresno County in an effort to increase jobs in the area. IAF is committed to prioritize the hiring of: 1) candidates whose annual family income is below 80% AMI or has lived in a low income census tract for the past three years; 2) candidates formerly convicted of misdemeanor cannabis offences; 3) candidates who are veterans or former foster care youth; and 4) candidates who are currently unemployed and/or receiving public assistance. IAF will provide ongoing proof to the City of its compliance with its hiring commitments upon licensure. IAF will also seek opportunities to host, sponsor, and participate in local and regional diversity job fairs in order to reach a broader range of candidates. IAF will sponsor or host expungement clinics, assisting individuals previously convicted of low-level cannabis offenses, and offer career support, including interviewing individuals with cannabis-related convictions for open positions. In addition to posting employment opportunities on the Company website and social media, IAF will utilize print publications disseminated in target communities, such as the Vida en el Valle and other multicultural newspapers. IAF will also partner with Fresno businesses, technical schools, and organizations, such as the Fresno Regional Workforce Development Board, to notify their members of job opportunities. Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 16 2.4 – LOCAL HIRING PLAN IAF’s Recruitment and Hiring Plan is designed to attract qualified, diverse members of the local community. The Company will recruit and hire employees based on the following criteria: 1.Establish job titles, reporting, and detailed job descriptions for each role. Job descriptions will be carefully written to communicate role functions in a reasonable, clearly stated manner. 2.Develop the role’s compensation package, enforcing the California Equal Pay Act by ensuring employees who perform the same or substantially similar work ​when viewed as a composite of skill, effort, and responsibility ​will receive equal pay regardless of sex, race, age, or other discriminatory factors. 3.Advertise open positions by including “Equal Opportunity Employer” on all advertisements, job postings, job descriptions, and job applications. 4.Publish open positions in print, such as local newspapers to reach local, diverse talent, and online, to reach a broader audience. 5.Engage with local schools, colleges and universities, especially those with high minority and female enrollment to advertise open positions. 6.Promote open position in the Company with local organizations, and community centers that interact with diverse audiences. 7.Host career fairs in public facilities, such as the local libraries and community centers situated in areas defined as economically disadvantaged in order to strengthen IAF’s relationship. IAF’s core values reflect a deep commitment to community involvement, diversity, equity, and employee well-being. The Company aims to attract a local, talented workforce that embodies IAF’s desire to positively impact the Fresno community. IAF recognizes the importance of having a local presence on its Ownership Team, including Community Engagement & Marketing Director, Nick Rendino and Community Relations Manager, Scott Morse. As a lifetime resident and community business owner based in Fresno, Nick has played a critical role in the development of this application, providing insight into the most pressing issues in Fresno and contributing first-hand context to how the Ownership Team can structure this proposal to benefit the rapid growth of the City in recent years. Currently, Nick operates a commercial real estate business in and around Fresno and relies on his history as a Fresno resident to ensure new ventures are smoothly integrated with the local community. Having grown up in Fresno and currently residing there, Nick is also well-versed in local nonprofit volunteerism and engagement opportunities and the ways in which this proposed enterprise can participate. Moving to Fresno in 1976 and graduating from Bowler Highschool, Community Relations Manager, Scott Morse is eager to serve the community in which he is extremely passionate about. As the current owner of Carroll-David Distributing, Scott is known for his strong business acumen and is passionate about bringing his experience Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 17 2.5 – LOCAL MANAGEMENT AND ENTERPRISE into the cannabis industry. As a local business owner, Scott understands the vital needs within the Fresno community and has donated and volunteered at the Fresno Food Bank, CASA Fresno Madera, as well as other organizations that specifically address homelessness, youth development, and providing services to underprivileged communities within Fresno and the surrounding areas. Scott is also extremely passionate about providing opportunities for employment within his organization to local residents that fall into demographics marginalized and disproportionately affected by cannabis incarcerations. Led by Nick and Scott’s experience and deep roots in Fresno, IAF was able to develop a Community Relations Plan and Neighborhood Compatibility Plan that reflect and address community concerns pertaining to cannabis, as well as ensuring the proposed location was designed with the neighborhood aesthetic at the forefront of each decision possible. IAF realizes local management provides ample opportunity to be leaders in a local-centric community business and leans into the notion of being positive, forward-thinking contributors to the fabric of Fresno. With Nick and Scott’s lifelong local ties and corresponding significant ownership, IAF is organized to put local issues first and foremost. The current Ownership Team consisting of 51% ownership of local residents will initially perform many of the operational duties. During the facility buildout and initial six (6) months of operations, the Ownership Team will be intimately involved in the community building relationships with local businesses, vendors and suppliers, to ensure a strong focus on finding long-term partners who reflect IAF values. The following ​Table 2.1: Personnel Table shows estimated roles, pay rates, and quantities required for each position to perform the necessary duties outlined in this application. Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 18 2.6 – ORGANIZATIONAL CHART AND EMPLOYEE RESPONSIBILITIES TABLE 2.1: PERSONNEL TABLE ORGANIZATIONAL CHART CHIEF EXECUTIVE OFFICER (1) Miguel Rodriguez CHIEF OPERATING OFFICER (1) Justin Jarin DIRECTOR OF SALES (1)COMMUNITY RELATIONS MANAGER (1) Scott MorseGENERAL MANAGER (1) Josh Rogina ASSISTANT MANAGER (1) SALES FLOOR LEADS (2) INVENTORY MANAGER (1) DELIVERY AGENTS FULL TIME (2) DELIVERY AGENTS PART TIME (2) RETAIL AGENTS FULL TIME (6) RETAIL AGENTS PART TIME (2) RECEPTIONIST (2) CHIEF COMPLIANCE + FINANCIAL OFFICER (1) Alicia Darrow DIRECTOR OF INVESTOR RELATIONS + PHILANTHROPY (1) Jimmy Rollins DIRECTOR OF BUSINESS DEVELOPMENT (1) David Kang SECURITY & FACILITIES DIRECTOR (1) Chris Hester COMMUNITY ENGAGEMENT & MARKETING DIRECTOR (1) Nick Rendino Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 20 Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 20 Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 20 Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 20 ➢Chief Executive Officer (Headcount - 1) The Chief Executive Officer (CEO) will be responsible for making all initial staffing decisions; selecting contractors to design and renovate the proposed dispensary facility; managing budget oversight; procuring fixtures and equipment for the dispensary; working with the City Manager and other local officials to forward the implementation of various aspects of the operation including security; developing the product menu and pricing; allocating resources; and making final executive decisions on all aspects of the operation. The CEO will oversee the execution of responsibilities of the other members of the Management Team. The CEO will focus on implementing the business’s strategic goals and objectives, providing direction and leadership towards the achievement of IAF’s philosophy, mission, strategy and annual goals. In addition to the high-level responsibilities and expectations listed above, the CEO will also oversee marketing and promotions, and approve and develop open roles at the Company, facilitating collaboration between departments. Together with the Chief Operating Officer and Chief Compliance Officer, CEO Miguel Rodriguez, has a long history of designing and operating regulated cannabis facilities in California. He will use this collaborative relationship with the Management Team to share many of his responsibilities during the initial design and planning phases to increase the efficacy of every decision that will ultimately shape the successful future of the business. ➢Chief Operating Officer (Headcount - 1) The Chief Operating Officer (COO) will be responsible for developing, implementing and managing the Company’s strategic sales plan and overseeing the Management Team. The COO will enforce rigorous Company policies and procedures with the goal of maximizing the safety and security of all employees, customers and community members. This level of integrity among all employees is intended to ensure sustained growth and expansion of the Company’s trust and reputation in the cannabis industry. The COO will actively engage with industry partners, entering new relationships and maintaining existing relationships with licensed cultivation, processing and distribution facilities, and will negotiate contracts, set pricing, and oversee orders and fulfillment. The COO will maintain current and accurate sales reports and records in alignment with the Bureau of Cannabis Control regulations, implement and manage sales software, and present performance and achievements to key internal and external stakeholders. The COO will be responsible for overseeing the General Manager, thereby bridging the gap between the overall strategies devised by the CEO and the manner in which plans are executed in day-to-day operations. The COO will be responsible for establishing and driving performance measures for operations and reporting to the CEO on such metrics. The COO will also work closely with the CEO to oversee facility construction and will serve as the primary point of contact for all parties involved in this phase of operations. ➢Chief Compliance Officer/ Chief Financial Officer (Headcount - 1) Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 21 The Chief Compliance Officer/Chief Financial Officer (CCO/CFO)reports directly to the CEO and functions as an independent and objective authority for the review,evaluation, implementation,and enforcement of all compliance protocols and issues.This position ensures IAF follows rules and regulations of all relevant regulatory agencies and authorities,Company internal policies and procedures,and ensures behavior in the organization meets IAF’s standards of conduct.The CCO/CFO is responsible for maintaining compliance standards across all facets of the business,ensuring the facility’s operations are in compliance with local and BCC regulations.The CCO/CFO will serve as the primary point of contact between several outside resources,including compliance consultants,legal counsel,regulatory agencies,testing laboratories, insurance providers,and other internal and external stakeholders.The CCO/CFO will develop,implement,and maintain essential compliance programs and protocols as they pertain to the dispensary,including but not limited to,overseeing IAF’s recall procedures and recordkeeping practices;collaborating with department directors to ensure all teams and managers are aware of regulatory updates and changes; performing random and scheduled audits of all areas of the business to ensure compliance;and updating standard operating procedures (SOPs)and trainings in accordance with evolving regulations. The COO/CFO will also oversee all financial aspects of the Company including payroll, budget management,financial recordkeeping,financial forecasting and investor relations.The COO/CFO will develop and oversee initiatives to increase the overall value of the Company,analyzing and presenting key findings and financial reports to the CEO and other key internal and external stakeholders on an ongoing basis.The COO/CFO will assist the CEO and other executive leaders in analyzing all aspects of operations,offering recommendations for improvement,including pricing,staffing or operational adjustments.The COO/CFO will be responsible for ensuring the Company follows all financial requirements set forth by the state and other regulatory bodies, ensuring reports and records are made available upon request. ➢Security & Facilities Director (Headcount - 1) The Security &Facilities Director will report directly to the COO and Chief Compliance Officer,and will be responsible for overseeing physical site security,and the security and functionality of all equipment,information,product and personnel.The Security & Facilities Director will scope,assess,develop,direct,and monitor the implementation of security systems,coordinate maintenance and inspections of security equipment, maintain up-to-date and accurate records pertaining to all security measures.The Security &Facilities Director will be responsible for training and supervising IAF’s third-party security personnel and maintaining a safe and secure environment for staff and customers by monitoring the premises and personnel,assessing threats,and responding to any and all issues appropriately.The Security &Facilities Director will oversee all activities related to the availability,integrity,privacy,and security of customer, employee and business information. Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 22 In addition to the duties and responsibilities described above,the Security &Facilities Director will:facilitate all security related trainings;coordinate facility access levels for each employee based on individual roles;develop and conduct annual evaluations of all security SOPs;respond to and manage all emergency situations;serve as the point of contact for emergency response personnel;and oversee the maintenance of IAF’s delivery vehicles.Lastly,the Security &Facilities Director will implement and oversee the security system,ensuring the facility and premises are secure and under full video surveillance at all times. ➢Director of Investor Relations and Philanthropy (Headcount - 1) The Director of Investor Relations and Philanthropy will report directly to the CCO/CFO and serve as the primary interface between the Company and investors while working closely with the Ownership Team to synthesize information and develop the Company's investor message.The Director of Investor Relations and Philanthropy will conduct industry and competitor research,monitor and review analyst models,reports,& forecasts,and provide the Ownership Team with ongoing feedback from the investment community.IAF’s Director of Investor Relations and Philanthropy will also utilize his robust history founding and operating several nonprofit organizations to represent the Company in all future volunteering efforts and philanthropic donations. Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 23 ➢Community Engagement & Marketing Director (Headcount - 1) The Community Engagement &Marketing Director will report directly to the COO and will represent the Company while engaging with advertising agencies,brand consultants,designers,and in all aspects of marketing and branding.This community engagement position is critical for IAF,as Fresno is the hometown and current residence of the Community Engagement &Marketing Director.Such outreach is of particular importance owing to this director’s deep ties and experience living in town and operating businesses in the surrounding market for numerous years.On the marketing side,the role is responsible for creating the Company’s short-term and long-term marketing strategies,creating meaningful marketing campaigns,establishing and managing the marketing budget,working closely with third-party support to ensure alignment with the Company vision,and assessing the success of marketing efforts. Leaning heavily on their long-term experience in the market in which they already live and work,this director will confirm all marketing materials and efforts are in compliance with state and local laws and regulations at all times,never compromising from Company standards to remain in good standing with all oversight agencies.The Marketing Director will also serve as the Primary Community Relations Manager to engage with the local community and handle all complaints or comments from the community.As the Primary Community Relations Manager,they will host community meetings,maintain regular communication with neighboring businesses and neighborhood associations,and interact with customers who want to provide feedback to the business. ➢Community Relations Manager (Headcount - 1) The Community Relations Manager will report directly to the COO and will represent the IAF when engaging with members of the Fresno community.The Community Relations Manager will engage with the local community and handle all complaints or comments from the community as well as host community meetings,maintain regular communication with neighboring businesses and neighborhood associations,and interact with customers who want to provide feedback to the business.IAF’s Community Relations Manager is a current Fresno resident,and his important outreach efforts will benefit from his deep ties to the community,experience living in the city,and numerous years working in businesses in the surrounding market. ➢Director of Business Development (Headcount - 1) The Director of Business Development will report directly to the CEO and will serve to increase company revenue by identifying profitable business opportunities and developing long-term business growth strategies.The responsibilities of the Director of Business Development include recommending ways to improve operations planning, attending meetings with clients and advisors,and notifying partners of key business developments.The Director of Business Development will also be responsible for increasing awareness and sales through successful marketing campaigns,utilizing market research,pricing strategy,product marketing,effective communications,public Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 24 relations and advertising while complying with all state and local guidelines and regulations. ➢Director of Sales (Headcount - 1) The Director of Sales will report to the COO and is responsible for the development and oversight of all wholesale activities to achieve maximum profitability and customer satisfaction.The Director of Sales will define and execute appropriate sales strategies; business development,and sales support programs to maximize sales and profitability for both short-and long-range goals including sourcing new products from local distributors.The Director of Sales will also be responsible for maintaining sales volumes by tracing changing trends, economic indicators, competitors and supply and demand. ➢General Manager (Headcount - 1) The General Manager will be responsible for strategic and tactical operations applied in day-to-day dispensary operations,including overseeing construction and start-up phases;assisting in designing and implementing staff hiring procedures;developing and implementing training.safety policies,and inventory control measures;and overseeing IAF’s retail employees in day-to-day operations.The General Manager will act as the Quality Control liaison and report directly to the COO and CEO. Additionally,the General Manager will:schedule and adjust staffing levels to meet store needs;coordinate product deliveries based off dispensary performance;receive orders into inventory accurately;create impressionable,lasting vendor relationships;support the security team with equipment and systems operations;ensure full regulatory and Company SOP compliance throughout the dispensary at all times;and problem-solve unforeseen issues quickly and efficiently. ➢Assistant Manager (Headcount - 1) Reporting directly to the General Manager,the Assistant Manager will function as the acting General Manager when required due to any scheduled time off or sick leave by the General Manager.The Assistant Manager will supervise the dispensary Sales Area and provide administrative support to the General Manager at all times.The expectation of the Assistant Manager is that he/she will closely learn from and follow the direction of the General Manager in day-to-day and higher-level operations such as:assisting in scheduling;aiding in hiring and training new employees;and managing conflicts and crises to decrease the number of situations attended to by the General Manager.The Assistant Manager will also be expected to facilitate team building ensuring collaboration among staff. ➢Inventory Manager (Headcount - 1) The Inventory Manager will report directly to the General Manager and will be responsible for performing inventory management,maintaining control of cannabis and Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 25 cannabis products in the facility,and managing the logistics of outbound customer deliveries.The Inventory Manager will keep accurate records in Meadow and METRC track and trace system,and complete inventory reports that represent each type of inventory item carried by IAF.Inventory management will be the primary role of this position,but the Inventory Manager will be cross-trained and expected to cover the duties of a Retail Agent when inventory duties are complete or do not take precedence. Notably,the Inventory Manager will perform physical inventory audits at regular intervals to prevent diversion;balance IAF’s physical and virtual inventories;report inventory data to the General Manager weekly;ensure proper organization and labeling of product within on-hand inventory;verify products are of a high quality and do not need to be destroyed;and assist in preparing product ordered for delivery in the track and trace system.The Inventory Manager will also perform or supervise cannabis waste destruction;verify storage conditions are within predetermined ranges;communicate any discrepancies in the track and trace system to the General Manager;open tickets with the system’s support team whenever necessary. ➢Sales Floor Lead (Headcount - 2) The Sales Floor Lead is responsible for informing customers of available products and how they should be used.Sales Floor Leads perform all other duties performed by Retail Agents,while also overseeing Retail Agents and over all dispensary operations when the General Manager or Assistant Manager are off duty or unavailable.Because Retail Agents spend the most time with customers,it is imperative individuals in this position maintain sincere professionalism and knowledge of all forms of cannabis products as well as staying current on all state laws and regulations. ➢Retail Agent (Headcount - 8) Retail Agents will report to the Management Team.Retail Agents will be expected to provide customers with the education and information needed to select the product best suited for their desired effects.Retail Agents will be responsible for ensuring customers are 21 or older with an acceptable form of identification prior to initiating a sale,and ensuring the sale remains within the customer’s allowable purchasing limit.Once age is confirmed,Retail Agents will provide extensive information on the product lines available and answer customer questions to the best of their ability.Retail Agents will be responsible for understanding IAF’s product inventory and will work with the Management Team to fully understand and be able to answer product questions.Retail Agents will be required to have impeccable cash handling skills to accurately manage the daily operation of the cash register assigned to them,and may be assigned additional tasks, such as inventory counts and daily cleaning. ➢Delivery Agent (Headcount - 4) Delivery Agents will report directly to the Security &Facilities Director and will principally be responsible for ensuring all products securely arrive at the intended destination when Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 26 customers select the delivery option.Delivery Agents will adhere to predetermined delivery routes,maintain accurate records of all transports,and document any incidents that may occur during transport,such as delivery delays,mechanical issues with transport vehicles,and unanticipated road work.Delivery Agents will be trained to adhere to all Company security processes and procedures as well as state and City regulations. IAF’s Delivery Agents will be expected to uphold the integrity of all transport SOPs throughout the normal course of business.Responsibilities include conducting daily inspections of the delivery vehicles to verify all vehicle mechanisms are functioning correctly with adequate fluid levels for the day.They will be required to maintain vehicle cleanliness and operability,reporting any mechanical failures immediately to the Security &Facilities Director.Prior to leaving the facility for a scheduled delivery, Delivery Agents will verify the transportation containers are properly labeled, tamper-proof,accompanied by compliant documentation,and secured in the vehicle under acceptable storage conditions.In the event cash is collected when making a delivery,Delivery Agents will ensure a receipt is provided,cash is secured in IAF’s transport safe,and counted again under supervision upon returning to the dispensary. Finally,as IAF representatives,Delivery Agents will be expected to maintain a professional, courteous demeanor at all times during deliveries. ➢Receptionist (Headcount - 2) The Receptionist will report directly to the Management Team and will be responsible for greeting all customers as they enter the dispensary,checking IDs to ensure no person enters the Sales Area without valid credentials,and provide clerical and administrative support in order to ensure services are provided in an effective and efficient manner. The Receptionist will monitor IAF’s online order system and telephone line designated for placing orders;verify customers are qualified to receive a cannabis delivery;create the order in Meadow;instruct the Retail Agents to pull the selected products from inventory;and create the final delivery package.At the commencement of operations, IAF does not expect reception duties to require a full-time dedicated employee and thus will cross-train the Receptionist on the duties of a Retail Agent to assist in efficient transactions in the event there is a large queue of customers.During any downtime between customers,the Receptionist will be expected to keep the dispensary presentable at all times through routine cleaning,such as wiping down glass fixtures and customer-facing areas. Pursuant to California Medicinal and Adult Use Cannabis Regulation and Safety Act (MAUCRSA),a Labor Peace Agreement is defined ​as an agreement between a licensee and any bona fide labor organization that, at a minimum: Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 27 2.7 – LABOR PEACE AGREEMENT ●Prohibits picketing,work stoppages,boycotts,and any other similar interference with the applicant’s business. ●Allows the bona fide labor organization to communicate with,and attempt to organize and represent, the applicant’s employees. ●Provides the bona fide labor organization access at reasonable times to meet with employees to discuss their right to representation,employment rights under state law, and terms and conditions of employment. ●This type of agreement shall not mandate a particular method of election or certification of the bona fide labor organization IAF has entered into a Labor Peace Agreement with Teamsters Joint Councils #7 and #42 to which both parties agreed IAF will not help or hinder the Union’s organizing efforts and the Union will refrain from exercising its right to picket,handbill,boycott, work stoppage or other economic interference.Both parties agree the Union will have access to speak to IAF employees on IAF’s premises during work hours.A copy of the fully executed Labor Peace Agreement is attached at the end of this section. Over the course of 17 years,IAF’s Ownership Team members have operated numerous model cannabis enterprises and bring a deep knowledge and understanding of business operations,regulatory compliance,employee hiring and training practices necessary to succeed.Through this experience,IAF has developed a Workforce Plan that outlines the Company’s goals and objectives to hire qualified employees who reside in the City of Fresno whenever possible,and to invest resources to ensure they are properly trained and compensated.IAF is committed to improving the lives of employees by compensating them with wages far above the local living wage standards and providing them with opportunities to enhance their resumes through continued education training and apprenticeship opportunities.IAF will instruct the Management Team to follow the guidelines set forth in the Workforce Plan when hiring new employees and will be updated annually to reflect the most current living wages and regulations. 2.8.1 – Local Hiring Commitment Should IAF be awarded a Conditional Use Permit to operate a cannabis dispensary in the City of Fresno,the Ownership Team will immediately prepare a local hiring plan including recruiting,hiring,training,and preparing employees for a smooth,seamless opening day.IAF has already begun grassroots networking with the Greater Fresno Chamber of Commerce and local organizations to post employment advertising for dispensary positions immediately following the award announcement.IAF will initiate recruitment and hiring efforts two to three months in advance of opening day to ensure sufficient time for comprehensive employee job training and proficiency testing.IAF intends to launch the business with an initial staff of 27 employees for retail and home delivery operations. Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 28 2.8 – WORKFORCE PLAN COMMITMENTS Once customers are aware of the dispensary’s inviting space and high-quality product selection,IAF will seek to rapidly expand staffing levels and roles.During this time,and any time in the future when open roles are advertised,IAF is committed to hiring at least 80%of open entry-level and managerial positions from the community of Fresno,as a first option,or from the greater Fresno County,as a second option.Likewise,only a few members of the current Ownership and Management Team will be the only individuals in the organization who reside outside of Fresno County.This commitment not only guarantees well-paid,well-trained,skilled jobs for members of the City of Fresno and Fresno County communities,but also creates a deep connection between employees and the customers to be served by the dispensary. As detailed in ​Section 2.4 -Hiring Plan​,IAF will prioritize hiring those in the community whose livelihoods have been disproportionately impacted by cannabis criminalization and poverty.IAF will prioritize diversity,equity and inclusion in its hiring practices,and will adopt socially conscious business practices to help impoverished community members.IAF firmly believes that hiring from a local candidate pool will strengthen the relationship between customers and staff,which will in turn increase trust,comfort,and create fierce customer loyalty.IAF’s dedication to local ownership extends beyond employees into business partners,vendors,suppliers and strategic relationships. Guided by previous successful experience integrating new operations into existing cities,the IAF Ownership Team believes the power of community can drive positive economic impact for the City of Fresno. 2.8.2 – Employee Apprenticeship and Training Commitment IAF is committed to creating an environment that contributes to the health and well-being of all customers.Critical to that outcome is the cultivation of a well-informed staff.The program described in ​Section 2.3 -Employee Education and Training,is designed to develop employees’knowledge and expertise over time.IAF’s training procedures that specifically relate to safe cannabis use include developing the staff’s understanding of the endocannabinoid system,common patient conditions,the available variety of strains, and modes of administration. In addition to the materials described in the training plan,employees will receive required training on topics,such as California’s track and trace system,METRC™; proper use of security measures and controls adopted to prevent diversion,theft,or loss of cannabis;legal requirements for maintaining status as a licensed employee; regulatory inspection preparedness;law enforcement interaction;confidentiality with respect to patient information;and Human Resources policies.IAF will also have a continuing education program for employees with over one year of employment at the Company.Employees may be provided with tuition assistance for classes online or at the local community college.A particular emphasis on business and hospitality courses will be encouraged,but not mandatory.Employees with management responsibilities will be required to attend Cal OSHA training programs and stay up-to-date with Cal OSHA refresher courses. 2.8.3 – Living Wage Commitment Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 29 As described previously within ​Subsection 2.1 —Living Wage,​IAF will provide a living wage to every employee working for the Company.IAF conducted extensive market research to determine the average wage or salary for each of the open positions,or comparable positions,at both the City and state level.IAF considered Fresno’s economic data,California’s employment and minimum wage requirements,the scope of the position,cash burn rate,and the Company’s deep interest in hiring and incentivizing employees to remain with IAF for a long tenure. Wages issued to employees in hourly positions,including Retail Agents,Delivery Agents and Receptionists,will range from $16.00 to $18.00 per hour based on the candidate’s experience.Hourly wages will not fall below $16.00 per hour,which is $4.00 more than California’s current required minimum wage ($12.00 per hour),and $4.39 greater than the estimated living wage in Fresno County ($11.61 per hour).IAF will continue to maintain wages above the minimum wage as the California minimum wage increases to $15.00 per hour by 2023.Salaries offered to full-time,exempt employees, including all members of the Management Team,will range from $25,000.00 per year to $60,000.00 per year based on each candidate’s experience. In the spirit of promoting and forwarding the multifaceted benefits of cannabis business development in the City of Fresno,IAF is committed to serving as a Social Equity Business Incubator.Serving as an economic,social and environmentally conscious business model,IAF will dedicate experienced,professional assistance to new Fresno dispensaries operating under a cannabis social equity business license.The Company will donate back stock of ​dispensary fixtures and equipment (e.g.countertops,display cases)to help reduce new ​cannabis social equity businesses’start-up expenses.A Mentorship Program will be developed to provide counseling and training in a series of courses ranging from employee training and industry best practices to regulatory compliance and business management.Educational tracks ​will consist of a series of classes,workshops,and/or activities designed to support program participants in achieving cannabis business success. Mentorship Program The Mentorship Program will consist of Learning Track 1 (LT1)and Learning Track 2 (LT2).The following tables outline the track description,purpose of track,target audience,method of instruction and track delivery,participant learning outcomes, frequency and length of sessions, and anticipated facilitators. Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 30 2.9 – SOCIAL EQUITY INCUBATION LEARNING TRACK 1: Compliance and Business Management for New Dispensary Owners Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 31 Track Description LT1 will support social equity business participants interested in starting or operating a licensed cannabis dispensary in the City of Fresno. Purpose of Track To support social equity business participants who are interested in owning and operating a cannabis dispensary to understand the cannabis industry landscape and the steps needed to turn their cannabis business idea into a viable, sustaining business. Target Audience Social equity business participants interested in owning and/or operating a cannabis dispensary business,including participants who have never started a business of their own. Method of Instruction & Track Delivery LT1 will be taught in a variety of forums, including: ●In-Person Learning Seminars ●Video Conference Learning Seminars ●Monthly Small Group Meetups Education will be provided to social equity business participants by an experienced IAF professional. Participant Learning Outcomes At the conclusion of LT1,social equity business participants will have the knowledge necessary to: ● Develop a cannabis dispensary business plan; ●Navigate and adhere to local and state regulations; ●Understand and execute contracts with vendors and suppliers; and ●Develop an employee hiring and training plan to meet the needs of their new business Frequency & Length In-Person Learning Seminars will be approximately eight (8)hours in length,offered twice within twelve months of IAF’s licensure award. Video Conference Learning Seminars will mirror the In-Person Learning Seminars,including a recording of the In-Person Learning Seminar so participants may participate at a date and time most convenient for them. Monthly Small Group Meetups will be hosted at the IAF dispensary for two hours. Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 32 Facilitator IAF’s Chief Executive Officer with support from the Chief Compliance Officer and Chief Financial Officer. LEARNING TRACK 2: IDENTIFYING A CAREER PATH IN THE CANNABIS INDUSTRY AND OPERATIONAL TRAINING Track Description LT2 will support social equity business employees discover cannabis career opportunities as well as provide hands on training to operate a successful and compliant dispensary. Purpose of Track This track aims to educate social equity business employees about the many career paths that exist in the cannabis industry. The course will highlight various career opportunities, including roles working hands-on within a licensed dispensary as well as the necessary operational training required to maintain compliance. Target Audience New or existing employees of a social equity business interested in learning industry best practices for operating a compliant cannabis dispensary business. Method of Instruction & Track Delivery LT2 will be taught in a variety of forums, including: ●In-Person Learning Seminars ●Video Conference Learning Seminars ●Monthly Small Group Meetups Education will be provided to social equity business employees by a professional experienced in cannabis dispensary employment and management. Participant Learning Outcomes At the conclusion of LT2, social equity business employees will have the knowledge necessary to: ●Evaluate positions available within a cannabis dispensary; IAF will ensure the success of its Mentorship Program by establishing and maintaining clear communication with each social equity business participant. The Company will solicit feedback from social equity business participants, cannabis industry partners, and City of Fresno officials to systematically refine and improve its service ​as a Social Equity Business Incubator​. IAF will maintain program data, tracking the success of those who have participated in the program. IAF is prepared to develop and launch its Mentorship Program within twelve months from the time of licensure, understanding that dates may need to be adjusted depending upon City guidelines for its ​Social Equity Business Incubator Program. Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 33 ● Identify opportunities that align with the participants skillset and career goals; ● Understand cannabis laws and maintaining status as an Agent; ●Prepare for regulatory inspections and law enforcement interaction; ●Operate a compliant dispensary; ●Enhance customer service and product knowledge skills; and ●Operate the Point of Sale and Track and Trace systems to handle and sell cannabis inventory compliantly. Frequency & Length In-Person Learning Seminars will be approximately eight (8) hours in length, offered twice within twelve months of IAF’s licensure award. Video Conference Learning Seminars will mirror the In-Person Learning Seminars, including a recording of the In-Person Learning Seminar so participants may participate at a date and time most convenient for them. Monthly Small Group Meetups will be hosted at the IAF dispensary for two hours. Facilitators IAF’s Chief Executive Officer with support from the General Manager and Community Relations Manager. Equipment Donations As experienced operators who have built multiple successful dispensaries throughout California, IAF has collected a backstock of retail furniture, fixtures, and equipment from past buildouts. IAF will commit to donating its surplus to qualified social equity businesses that are awarded a dispensary license in the City of Fresno. Once social equity businesses licensees are identified, IAF’s Security and Facilities Director will meet with the license holders to determine their needs and offer surplus equipment and buildout support to ensure a smooth business startup. Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 34 Curriculum Development and Planning Estimated Time Develop a comprehensive program plan, corresponding timeline and a mechanism for tracking project deliverables to completion. 60-90 Days Negotiate reduced costs for venues, printers, supplies and subscriptions to third-party resources 60-90 Days Draft each course instruction manual and participant materials. 60-90 Days Logistics and Scheduling Estimated Time Depending upon the City’s needs, IAF will identify venues for classroom learning and will market the course, in conjunction with the City Manager. 180-365 Days Determine how participants will register for classes, assemble all training course binders and print all required documents for the course. 180-365 Days IAF will solidify equipment use, ensuring that all equipment including printers and computers are in working order and functional. 180-365 Days Handle all travel-related logistics including lodging and transportation, if necessary. 180-365 Days Infinity Assets Fresno’s (IAF) proposed retail dispensary will be a valuable asset to the community of Fresno. IAF believes new businesses have a responsibility to provide employment opportunities for City residents and will hire at least 80% of its new employees from Fresno and Fresno County, creating well-paying jobs with attractive benefits for local residents. IAF’s recruitment and hiring plan is designed to attract qualified, diverse members of the local community. The Company is committed to serve as an equal opportunity employer hiring individuals from all walks of life, and those who are underrepresented in the community. Employee personal development programs and diversity training will forward IAF’s commitment to creating a professional environment free of discrimination and bias. All IAF team members throughout the operational structure will be paid at least 37.8% more than the local living wage of Fresno residents. Hourly wages will not fall below per hour, which is more than California’s current required minimum wage. Full-time employee salaries, other than those of the Owners, will not fall below per year, more than above the minimum yearly wage defined by the State of California Department of Industrial Relations. Owners will take reduced salaries in order to ensure sufficient cash flow for operating activities and will take draws when there is sufficient cash flow. Employment benefits and professional development packages offered by IAF are tailored to encourage long-term employment, personal growth, and promotion from within the Company. Benefits offered to full-time employees will include accrual of two hours of PTO and sick leave for every 80 hours worked per calendar year increasing with tenure, paid leave for major federal holidays, and paid volunteer hours every month to participate in volunteer activities in the Fresno community. Part-time employees will be offered similar sick days per calendar year based on years of employment and will acknowledge unpaid Company holidays. Upon one year of employment, IAF will offer full-time employees health, dental and vision insurance coverage. Employee training will include in-person training, external courses, mentorship and formal assessments. The training program will be organized into three major categories, including Core Training, Functional Training and Continuing Education Training. Employees will be required to undergo training on the California track and trace system, METRC™, and in customer information confidentiality. To ensure all employees receive the support necessary to thrive in their individual roles, IAF will offer supplementary training and personal development programs. The Company will use performance reviews as a tool to determine pay increases, promotions, and/or terminations. An individual Personal Development Plan will be developed for each employee to serve as a roadmap for gaining skills that will enhance performance in their current role, address anticipated changes, and track career aspirations with progress towards a future role. IAF anticipates an initial personnel structure consisting of 23 high-level management and employee team members to operate its proposed dispensary. The Chief Executive Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 35 SUMMARY Officer (1) will focus on implementing the business’s overall strategic goals and objectives, providing direction and leadership toward the achievement of IAF’s philosophy, mission, strategy and annual goals. The Chief Operating Officer (1) will be responsible for developing, implementing and managing the Company’s strategic sales plan and overseeing the Management Team. The Chief Compliance Officer/Chief Financial Officer (1) will be responsible for tracking cash flow; financial planning; and maintaining compliance standards across all segments of the dispensary to ensure compliance with local and BCC regulations. The Security & Facilities Director (1) will be responsible for overseeing physical site security, and the security and functionality of all equipment, information, product and personnel. The Director of Investor Relations and Philanthropy (1) will serve as the primary interface between the Company and investors, and conduct industry and competitor research, monitor and review analyst models, reports, and forecasts. The Community Engagement & Marketing Director (1) will create the Company’s short-term and long-term marketing strategies, manage the marketing budget and advertising campaigns, engage with the local community handling complaints, host community meetings, and maintain regular communication with neighboring businesses and associations. The Community Relations Manager (1) will assist the Community Engagement & Marketing Director, engage with the local community, handle all complaints or comments from the community, and maintain regular communication with the community. The General Manager (1) will be responsible for the dispensary's daily operations overseeing the Assistant Manager (1), Inventory Manager (1), Sales Floor Leads (2), Retail Agents (8), Delivery Agents (4) and Receptionists (2). The Retail Team will be responsible for the day-to-day dispensary operations, inventory management and recordkeeping, educating customers and assisting in their cannabis purchases, and providing outbound customer deliveries. In the spirit of promoting and forwarding the multifaceted benefits of cannabis business development in the City of Fresno, IAF is committed to serving as a Social Equity Business Incubator. Serving as an economic, social and environmentally conscious business model, the Company will dedicate experienced, professional assistance to new Fresno dispensaries operating under a cannabis social equity business license through the IAF Mentorship Program. This program will provide counselling and training in a series of educational courses ranging from employee training and industry best practices to regulatory compliance and business management. Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 36 Labor Peace Agreement By and between Infinity Assets Fresno, LLC and Teamsters Joint Councils #7 and #42 Whereas Employer holds or intends to apply for one or more State Licenses to engage in commercial cannabis activity, and intends to become a licensee to engage in commercial cannabis activity, as such terms are defined by Chapter 1 of Division 10, commencing with section 26000 of the California Business and Professions Code; Whereas Union represents employees working within industries engaged in cultivating, processing, warehousing or transportation of perishable and consumer products, and such industries are within the historical and recognized jurisdiction of the Union; Whereas Employer desires to construct and operate commercial cannabis activities within the Union’s geographic jurisdiction, and desires to do so without disruption, unrest or delay that may be occasioned by labor disputes; Whereas the Union seeks a means of efficiently and amicably resolving disputes relating to its representation of employees engaged in the industry in which Employer seeks to operate; Whereas the parties intend this agreement to satisfy the provisions of Business and Professions Code section 26051.5; Wherefore, the Parties voluntarily enter into this agreement, which shall be binding on them: 1. Scope and term: A.Scope. This agreement shall apply with respect to any and all commercial cannabis activities in which the Employer currently engages and any operations the Employer engages in the future, in addition to any businesses acquired by the Employer with respect to employees not already represented by a labor organization. This Agreement shall be submitted with any application made by Employer to obtain any License to engage in commercial cannabis activities pursuant to state law or local governmental ordinances. B.Term. This agreement shall be in effect and binding upon the parties from the date on which it is executed and continuing for and continuing for a period of two years. This agreement shall be binding with respect to all employees engaged in commercial cannabis activities employed by the employer but shall cease to apply to employees for whom (1) a labor organization is recognized and the parties have entered into a collective bargaining agreement covering such employees; or (2) the National Labor Relations Board has issued a certification with respect to such employees. C.Limit. This agreement does not mandate a particular method of election or certification of the Union as the exclusive representative of the employees for the purposes of collective bargaining. Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 37 2. Obligations of the Employer A.Neutrality. The Employer shall remain neutral with respect to the Union and its representation of employees covered by this agreement. Neutrality means that the Employer shall make no written or oral statement or take any action opposing or advocating unionization. The Employer also shall not demean the Union as an organization or its representatives as individuals, nor portray the Union in a bad light. The Employer shall not retaliate against, disparage or pressure any employee for voicing his or her support or opposition of the Union or union representation, and shall not conduct captive audience meetings. The Employer will inform all managerial employees, supervisors, or other agents of the Employer of their obligations under this Agreement and will take prompt and appropriate action to stop and correct any violations of this Agreement up to and including termination from employment for any violations of this neutrality provision. B.Union Access. The Company recognizes the Union's right to communicate with the workers it seeks to organize and the Union recognizes that access must accommodate the Company's concerns with minimizing disruption of its business and productivity. The Company shall permit Union representatives access to employer property and facilities for the purpose of communicating with employees about Union representation. Employees will be allowed to distribute literature and distribute and collect authorizations cards. C.Employee Eligibility List. The Employer shall provide to the Union the names, addresses, telephone numbers and email addresses of all non-managerial and non-supervisory employees covered by this agreement, together with a designation of the work location and department/function of each listed employee, which shall be described with respect to one or of the following types of work: clerical, cultivation, manufacturing, processing, laboratory services, labeling, packaging, storing or warehousing, transporting, distributing, sales, or security/guards. The Employer shall update eligibility list regularly and no less often than monthly if requested by the Union. The Eligibility list shall be used for and be regarded as a conclusive eligibility list for the purpose of determining whether the Union enjoys a majority of support among the employees, or a subset of such employees appropriate for purposes of collective bargaining. D.No Lockout: The employer shall not engage in a lockout of employees. 3. Obligations of the Union A.Union Neutrality. The Union agrees to communicate with employees in a positive manner and shall not denigrate the Company, its managers, supervisors, agents or representatives. The Union shall not present or portray the Employer in a bad light to employees or to the public. B.Non-disruption of business operations. The Union’s activities shall not disrupt or interfere with the Employer’s operations or business. C.No Strike. The union and any employees it represents will not engage in or encourage any strikes, slowdowns, picketing or other concerted activity. The union will not engage in any Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 38 hand-billing directed at the public except insofar as the parties agree in advance that such hand-billing is appropriate and not a breach of this agreement. D.Assignment of Local Union. The respective Joint Council which has the geographic jurisdiction over the work location or locations of the Employer shall assign the local union which will represent the members of the bargaining unit. 4. Resolution of Disputes A.Notice of breach. Should a party determine that the other may be in breach of this Agreement, it shall inform the other in writing. The party so informed shall have 24 hours to cease and desist from the practice and/or provide an explanation of its action. In the event the aggrieved party is not satisfied, it shall invoke this dispute resolution procedure set forth in this Agreement as the sole means of resolving the dispute. B.Resolution of Disputes. Any and all disputes regarding the interpretation, application or compliance with this Agreement shall be subject to binding arbitration, with the sole exception being injunctive relief sought for the purpose of maintaining the status quo pending the resolution of the particular dispute under this procedure or to enforce the decision of the Arbitrator. Should a dispute arise, either party may request a panel of seven (7) arbitrators from the Federal Mediation and Conciliation Service ("FMCS"). Arbitrators on the FMCS Panel must be members of the National Academy of Arbitrators from Northern California. The parties shall alternately strike from the FMCS Panel. The selected arbitrator shall provide dates and the parties shall agree on a date that is no longer than sixty days following the date on which they have selected the arbitrator. If he or she is unable to offer dates within such sixty-day period, the jurisdiction to hear the dispute shall be offered to each arbitrator on the FMCS Panel in the reverse order that they were struck by the parties. At the conclusion of the hearing, the parties may submit oral argument, but neither party shall submit any written briefs. A final written decision may be issued by the arbitrator at the conclusion of the hearing or within three days of the close of the hearing. The parties shall request the arbitrator who first hears a dispute under this provision to accept designation as a permanent arbitrator if s/he is willing to continue to hear and resolve disputes on an expedited basis. Except as provided in subsection C, the parties shall split the cost of the arbitrator and bear their own costs of participation in the dispute resolution process. C.Exceptional Remedies for Willful Breach. In the event the Arbitrator finds a party has willfully breached this agreement, s/he shall impose the following remedies as appropriate to fully remedy the breach: Injunctive relief; award of attorney’s fees and arbitration costs; extension of the term of this agreement; foreseeable, reliance, consequential or actual damages; specific performance; and liquidated damages in an amount of no less than $5,000. In the event a prevailing party must proceed to a court of law to confirm and/or enforce an award issued under this agreement, the losing party shall be liable for payment of reasonable attorneys’ fees and costs incurred to enforce and obtain compliance with the award. Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 39 5. Severability To the extent one or more terms of this agreement are determined to be invalid by a court of law or by a final decision of an administrative agency that is appealable only to a court of law, the remaining provisions shall be unaffected and shall remain in force and effect. 6. Warranty of Authority The parties warrant that their respective representatives who have executed this agreement have full authority to bind and obligate the parties to the terms set forth herein. Agreed and accepted this date of November 2020: By:____________________________________ Name: Alicia Darrow Title: CFO For Employer: Infinity Assets Fresno, LLC By:___________________________________ Name: Jennifer Schwab Title: Representative, Teamsters Cannabis Division For the Union Infinity Assets Fresno — Social Policy and Local Enterprise Plan | 40 NEIGHBORHOOD COMPATIBILITY PLAN Infinity Assets Fresno (IAF)is passionate about becoming a vital business member of the community,and has crafted a deliberate,thoughtful community engagement strategy that demonstrates the Ownership Team’s commitment to the development of a positive,proactive relationship with its neighbors.IAF has appointed the Community Relations Manager,Scott Morse,an established Fresno resident and current business owner,to serve as the Company’s primary point of contact for all matters related to community engagement,and he will expediently address and mitigate any public complaints and concerns.The Community Relations Manager’s contact information will be made available on IAF’s website,in all neighborhood-related communications,and on the exterior of the dispensary’s front door​.​Integral to the success of IAF is the dispensary’s commitment to institute and maintain open lines of communication with its neighbors.Several community outreach strategies for neighborhood feedback will be Infinity Assets Fresno — Neighborhood Compatibility Plan | 1 PLAN OVERVIEW implemented,including hosting Fresno Chamber of Commerce events,conducting dispensary open houses,door to door introductions,and facilitating Neighbors’Panels open to local nonprofit organizations,businesses,civil servants and customers to discuss issues and recommendations for improvement. The IAF Ownership Team has spent significant time researching and understanding the most common community complaints about cannabis companies.Any reported issues related to security,loitering,public consumption,signage,noise,light,trash,odor, vehicle parking,and vehicle and pedestrian traffic will be immediately rectified,per the Fresno Municipal Code (FMC)§9-3309(n).A quarterly Community Assessment Report will be compiled and reviewed by the Management Team to address important concerns,and proactive improvement measures will be taken.In support of the local economy,IAF will source from Fresno vendors and contractors whenever possible for dispensary supplies and business services.IAF intends to actively manage its dispensary in a manner that has no negative impact on its neighbors and the surrounding community.The premises will be well lit and surveilled 24 hours a day, seven days a week by an integrated system of video recording cameras,motion detectors,proximity sensors and alarms.Security Guards will patrol the outside parking areas,perimeter of the building,and surrounding area enforcing the rules against both loitering and illegal on-site consumption.Delivery vehicle loading and unloading will take place within the Cannabis Delivery Receiving Area inside the building to limit public view and reduce security risks.The proposed facility features a large parking lot directly next to the storefront and dedicated handicapped parking spaces on the north side of the building,closest to the entrance.The Company will adhere to all regulations regarding cannabis signage,including no bright illumination,no displays of cannabis or cannabis paraphernalia,and no logos or information that identifies,advertises,or lists the services or products offered inside, pursuant to FMC §9-3309(h). Extensive odor control and waste management measures will be implemented, including installation and maintenance of a commercial-grade HVAC system with appropriate filtration features to prevent odor emission outside the building,and internal and perimeter trash and litter removal throughout the business day.An extensive Waste Management Plan has been developed outlining protocols related to waste creation, waste collection and disposal,and waste sanitation.IAF will implement comprehensive SOPs and employee training to ensure secure,sanitary conditions within and surrounding the facility;proper odor and waste controls and practices;and the prevention of bothersome noise,light,odor emission,litter,loitering,crime and illegal consumption of cannabis on the property. IAF is committed to proactively addressing all potential issues related to noise,light, odor,litter,and vehicle and pedestrian traffic,but has prepared to handle all complaints or concerns regarding these and other matters should they arise from the community. Pursuant to FMC §9-3309(m)(1),IAF appointed the Community Relations Manager, Scott Morse,to serve as IAF primary point of contact for all matters related to Infinity Assets Fresno — Neighborhood Compatibility Plan | 2 3.1 – COMPLAINT MITIGATION community engagement, including preventative and proactive complaint response. The dispensary’s phone number and email address – each of which forwards directly to Scott’s phone and email – will be visible on IAF’s website, in all neighborhood-related communications, on the exterior of the dispensary’s front door, and in all other places required by the City Manager and/or by the law. Mr. Morse will check email and voicemail at least twice a day to ensure receipt of any comments or complaints from the community and will promptly respond to those comments within 24-48 business hours. IAF understands the importance of maintaining a healthy, communicative relationship with its neighbors and the greater Fresno business community, and will be available 24 hours per day, seven days per week, to address complaints, questions and concerns presented by the community. IAF also appointed an Alternate Community Relations Contact, General Manager Josh Rogina, to ensure seamless communication and rapid response in the event Scott is unavailable. Contact information for Scott and Josh is as follows: Employees will be trained to record and report all concerns, comments, or complaints received from any customer or concerned neighbor directly to the Community Relations Contact. If the Community Relations Contact is unavailable or unable to perform the responsibilities of the role, the Alternate Community Relations Contact, Josh Rogina, will assume all responsibilities. Josh will also receive forwarded calls and emails from the listed store contact information. Proactive Community Engagement & Communications During the first year of operations, the IAF ownership and Management Team will meet with the City Manager and any other parties deemed appropriate by the City Manager to ensure adequate complaint response protocols and proactive community outreach engagement related to costs, benefits, and other community issues. During these meetings, IAF will be prepared to answer questions and address any concerns presented by the City Manager, in accordance with FMC §9-3309(m)(2). To ensure seamless communication between the Company, neighbors, and members of the Fresno community, IAF will develop an online submission form, available 24/7, and a physical submission form, available during normal business hours, allowing people to share comments, complaints, and concerns directly with IAF’s Management Team. The Management Team will check for such feedback daily and will respond to every Infinity Assets Fresno — Neighborhood Compatibility Plan | 3 COMMUNITY RELATIONS CONTACT ALTERNATE C.R. CONTACT NAME Scott Morse Josh Rogina TITLE Director of Community Relations General Manager PHONE EMAIL communication directly via the online forum or by phone with a professional,timely and courteous response. IAF’s Management Team will voluntarily produce an annual Community Assessment Report to outline the most important concerns raised throughout the year and document the Company’s respective responses and actions taken to address these issues.IAF will proactively respond to and address concerns related to noise,light,odor,vehicle and pedestrian traffic with special care and attention.Community Assessment Report results assembled by the Community Relations Manager will be reviewed on a quarterly basis by the entire Management Team so that the Company can address all concerns and respond effectively.While IAF aims to have a consistent positive impact,the Company understands community members may have concerns about cannabis companies conducting business in the neighborhood.IAF is prepared to make adjustments to day-to-day operations in the event of any negative effects upon the community,especially pertaining to noise,light,odor,vehicle and pedestrian traffic. Employee training and Standard Operating Procedures (SOPs)will be reevaluated on quarterly.IAF will conduct mandatory training for all employees should any procedures undergo significant changes. IAF has outlined the following methods to further integrate with the Fresno community: ●Fresno Chamber of Commerce:As a member of the Chamber that serves Fresno,IAF has already established working relationships with Chamber representatives and fellow members.By hosting Chamber “after-hours”events and other Chamber-affiliated programming,IAF can become actively contributing participants to foster positive growth in the Fresno business community.Ownership team members have already begun receiving positive feedback and input from Chamber leadership and look forward to continuing this dialogue post-licensure. ●Schedule Open House events:Open-door events provide neighborhood business owners and residents a welcome opportunity to visit the store,ask questions,discuss concerns (e.g.parking,noise,or odor),discuss security plans and learn about IAF’s community-benefit programs. ●Door-to-Door Canvassing​:Employees and Management Team members will hit the streets to meet and greet businesses and residential neighbors around the dispensary site.By presenting themselves face-to-face,IAF representatives can answer questions,address outstanding concerns,arrange additional meetings, and provide information on IAF’s plan to positively impact its community. ●Open Door Polic​y:Neighbors who feel personally affected by dispensary operations to reach out to the Community Relations Manager to discuss all Infinity Assets Fresno — Neighborhood Compatibility Plan | 4 concerns.Contact information provided for community concerns,questions,and complaints. ●Community Public Meeting​:Upon opening the dispensary,Management Team members will host a community outreach public meeting to present IAF’s community benefits program and outreach calendar.Community members will be encouraged to comment on the plan and suggest organizations or approaches that hold special meaning to the immediate community. ●Neighbors’Panel​:Management Team members will organize and host a regularly scheduled roundtable comprising representatives from nonprofit organizations,dispensary consumers,county commissioners and business owners.The panel will meet several times a year to discuss pressing community issues and place priority on giving campaigns,in-kind donation drives,and volunteer efforts for involvement. History of Community Integration For more than 17 years,IAF’s Ownership Team members have operated numerous model cannabis enterprises and bring a deep knowledge and understanding of the necessary methods to initiate proactive community engagement.Most recently,the IAF team has been recognized by the City of Merced for its efforts to successfully integrate its cannabis dispensary with the local community and was given a letter of support by the Director of Development Services,Scott McBride to validate the integrity IAF brings to collaborating with the community and local officials.A copy of the letter of support can be found at the end of this section. Collaboration with the Fresno Police Department In September of 2020,IAF’s General Manager,Josh Rogina was contacted by the Fresno Police Department to seek assistance on an ongoing investigation.After a person of interest posted an image online of a sales receipt from IAF’s dispensary in the City of Merced,Detective Nelly Rodriguez of the Fresno Police Department arrived on site in an attempt to pursue the person's last known location.Upon arrival,Josh escorted the detective through the dispensary to share relevant information such as the customer’s purchase receipt and relevant camera footage of the earlier transaction. Through the use of IAF’s state-of-the-art video surveillance system,the Fresno Police Department was able to ascertain the person's vehicle description and license plate number that led to an eventual arrest.Having little hands on experience with dispensaries,the Fresno Police expressed interest and gratitude in IAF’s ability to quickly produce evidence of the person of interest’s whereabouts as any non-cannabis retailer would not have such sophisticated customer record and surveillance protocols. IAF intends to employ the same security measures and collaboration with the Fresno Police should it be awarded a permit to operate in the City of Fresno. Infinity Assets Fresno — Neighborhood Compatibility Plan | 5 3.2 – POSITIVE CONTRIBUTIONS TO THE COMMUNITY IAF’s Management Team holds nearly 100 years of public-facing business management experience.The team will actively manage the proposed Fresno dispensary to prevent the business from becoming a nuisance or having a negative impact on its neighbors and the surrounding community.To fully understand the surrounding community’s concerns regarding the proposed cannabis retailer location,IAF will connect with various neighboring businesses and community organization leaders,including Fresno Chamber of Commerce President/CEO Nathan Ahle to gain a greater understanding of the most pressing issues affecting the neighborhood. IAF’s management style,as it relates to community engagement,focuses on listening to and ultimately fostering collaboration with other community stakeholders.IAF has spent significant time understanding and addressing the most common complaints about cannabis companies,in order to develop and implement preventative strategies proven to work in similar scenarios faced by Management Team members in other similar dispensary enterprises.IAF will address each concern reported to the Management Team to assure community members that this cannabis retailer operates in a professional manner and will differ vastly from illicit operations.The following list represents the most common complaints associated with cannabis retail operations, along with IAF’s preventative plans: ●Waste Management​:Employees will be required to sign a Trash Cleanup Log, verifying the premises are inspected for trash no less than every two hours during operational hours.Employees wearing gloves will walk the property and its perimeter to dispose of any trash or recyclables to ensure the premises are litter-free and clean. ●Loitering and Public Consumption​:Security personnel will patrol the outside parking areas and the perimeter of the building and property,enforcing the rules against both loitering and onsite consumption,per FMC §9-3310(b)(2)(vi).IAF believes from extensive previous experience that a strong security presence minimizes these types of violations and will swiftly address problems that may arise.A zero-tolerance policy towards loitering and public consumption on or near the proposed facility will be strictly enforced.Any nuisance will be promptly reported to local authorities and IAF’s Community Relations Manager,and employees will be trained to provide the Company’s Contact information to any neighbors who bring forth any nuisance concerns.Per FMC §9-3309(h)(3),IAF will post signs visible near the entrance notifying all individuals that smoking, ingesting,or otherwise consuming cannabis or cannabis products on the premises or in the areas adjacent to the business is prohibited.Any nuisance will be promptly reported to local authorities.The 24/7 contact listed above will promptly address any nuisance concerns from neighbors. ●Security Program and Procedures​:Part of IAF’s mission is to create an enjoyable customer experience,largely in part by creating a safe shopping atmosphere.The Management Team strongly believes the benefits of a Infinity Assets Fresno — Neighborhood Compatibility Plan | 6 well-trained and experienced Security Team far outweigh the costs.IAF will employ Turner Security Systems,a Fresno-based security contractor to staff professional,friendly,and helpful Security Guards who will monitor the exterior and interior premises.IAF will also invest in state-of-the-art cameras and monitoring systems to aid in securing the area.The premises will be well lit after sunset,and vegetation and foliage will be regularly maintained to ensure security camera visibility is not blocked. ●Late Night Activity​:IAF will adhere to all state and local regulations,specifically FMC §9-3310(a)(1),which requires cannabis retailers to close at 10:00PM, thereby eliminating any late-night activity or noise.IAF will not allow customers into the store past 9:40PM,allowing customers to make final purchases and doors to be closed by 10:00PM​. ●Signage:​IAF recognizes there are instances where business signage becomes a nuisance to surrounding businesses,whether due to bright illumination, displaying cannabis or cannabis paraphernalia,or any other reason that may detract from the aesthetic of the area.In compliance with FMC §9-3309(h)(4), IAF will not display anything on business signage that contains any logos or information that identifies,advertises,or lists the services or products offered inside.Signage will never be directly illuminated,internally or externally,and will be affixed to the building.IAF will never advertise the business through mobile means,such as someone holding a sign in the public right-of-way,or by placing flyers on car windshields.IAF will never place signs on the premises in a way that obstructs any entrance or exit to the building or any window and will seek the issuance of a City sign permit for all public signage prior to installation. ●Odor Emanation:IAF acknowledges neighboring businesses may have concerns surrounding odor emanation from the facility.Given this is a cannabis retail business model,there will be no cultivation,manufacturing,or production of cannabis onsite.Cannabis retailers do not typically experience odor-related challenges.Pursuant to FMC §9-3309(j),IAF will install the best available odor control technology,strategically placed and well-maintained HVAC system with appropriate filtration features.The system will be continually assessed to ensure odors are not being emitted outside of the dispensary.Details of the Odor Control Plan are described in further detail in this Plan, within ​Subsection 3.3​. ●Parking and Vehicle Visibility:​Given Fresno’s incredible growth,parking has become a challenge in most neighborhoods throughout the City.The Management Team acknowledges neighboring businesses may be concerned about the facility’s need for parking,the congestion the business could create, and traffic interference caused by vehicles coming in and out of the facility.IAF’s proposed facility features a large parking lot next to the storefront,including 35 parking spaces two of which are dedicated for handicap accessible parking on the north side of the building.The building will also feature a dedicated Cannabis Delivery Receiving Area that will allow delivery vehicles to park alongside the Infinity Assets Fresno — Neighborhood Compatibility Plan | 7 building surrounded by a secured fence.Limiting the loading and unloading of IAF deliveries to a secured vestibule alongside the building reduces security risks and prevents outsiders from having visibility of cannabis or cannabis products being loaded or unloaded.Finally,to further mitigate parking and traffic impacts upon the broader neighborhood,IAF will implement a Public Transit Incentive Plan to encourage employees to take public transit to and from work.The company will also provide “first and last mile”transportation options to and from the nearby Shaw Ave and N Angus St. bus station. ●Facility Maintenance Plan:​IAF will implement SOPs for regular cleaning and documentation to ensure clean sanitary conditions within and surrounding the facility.In addition to the trash pickup and loitering procedures described above, IAF’s SOPs will require routine maintenance of the premises,including contracting with local landscapers to maintain the external areas and landscape as needed.Pursuant to FMC §9-3309(n),the premises and adjacent sidewalks and all parking lots under the control of IAF will be swept or cleaned on a weekly basis at minimum to control debris. ●Promoting Safety and Security:​Guided by the Security &Facilities Director and third-party security professionals at Sapphire Risk Advisory Group,IAF has carefully developed an integrated Security Plan,detailed further in ​Section 5 — Security Plan​,incorporating security measures and enhancements to protect customers,the IAF team,and the greater community of Fresno.Extensive yet subtle,every interior and exterior security installation is strategically placed to prevent and deter intruders without being noticeable or disrupting the flow of the space.This attention to discreet security further strengthens IAF mission to eliminate any negative impacts the proposed business may have on the surrounding community. ●Security Equipment —Function and Aesthetic:Security equipment will survey the exterior or retail areas of the facility and has been selected to suit the overall aesthetic without compromising the technical specifications.All of the surveillance cameras feature a white encasement and modern design.The cameras will be installed in an inconspicuous and tamper-proof manner while still providing coverage of the entire facility.Integrated equipment,including motion detectors,proximity sensors and glass-break detectors were also selected with functionality and aesthetics in mind,allowing each piece of equipment to artfully blend into the design of the retail space.The alarm keypad features a removable cover that conceals illuminated soft-touch keys.The oversized function keys are easily accessed even when the keypad door is closed.The function keys can be programmed to quickly alert authorities of a fire,burglary,accident or other incidents. ●Presence of Security Guards:​Professionally outfitted security personnel provided by Turner Security Systems will greet customers in the Lobby and will be trained to provide customer service typical of a high-end retail establishment Infinity Assets Fresno — Neighborhood Compatibility Plan | 8 in addition to their security duties.Guards will coordinate with the Receptionist to open the dispensary door for each customer entering the entry vestibule and will constantly monitor for security threats. ●Duress Alarms:​Emergency switches for duress alarms will be installed beneath the reception desk and cash registers,as well as inside the Vault,completely out of customer sight,but accessible to employees who will be thoroughly trained to operate the duress alarm in the event of a security threat. ●Nondescript Delivery Vehicles:​IAF will offer delivery services to customers throughout the region.Delivery vehicles,described further in ​Section 1 — Business Plan,​will be equipped with extensive security equipment and features to protect Delivery Agents.The vehicles will be nondescript,free of IAF’s logo or any other recognizable images or text indicating the vehicle is carrying cannabis and cannabis products.IAF will prioritize the safety and security of its team and guests without exception,and plans to invest considerable resources in equipment,personnel and security strategies that promote customer comfort and safety.IAF shares Fresno’s desire to maintain and improve upon the City’s aesthetic traditions and is confident that the proven,industry-leading security integrations described herein will provide community and visitor safety without compromising IAF’s vision for the ultimate customer retail experience. Partnerships with Existing Fresno Businesses IAF has developed an internal program named ​Fresno First​,which requires all employees responsible for purchasing and/or vendor selection decisions to prioritize working with local third-party suppliers who align ethically with IAF’s values.The core tenet of the program is to source from Fresno and the immediately surrounding areas whenever possible for day-to-day supplies and a variety of business services,including printing,marketing,equipment installation and facility-related maintenance.This vendor list will be jointly developed by the IAF Management Team,under the guidance of CEO Miguel Rodriguez and Community Relations Manager Scott Morse;Scott,as an established Fresno resident and local business owner,has unique insight into the vendor offerings of the surrounding community. Miguel and Scott will engage with local businesses and contractors who share IAF’s commitment to sustainability,social engagement,and the support and enrichment of the lives of local residents.By contracting local partners with strong ties to Fresno,IAF intends to positively impact the City’s economy,improve perceptions of the cannabis industry,and develop a business model that meets the needs of the community.Upon licensure, IAF will: 1.Actively work to develop working relationships between the City’s cannabis industry and local businesses.Miguel and Scott will work with the Fresno Chamber of Commerce,which IAF has officially joined,to develop a list of preferred local companies.IAF’s Management Team will contact small Infinity Assets Fresno — Neighborhood Compatibility Plan | 9 businesses in Fresno,primarily those who are members of the Chamber of Commerce. 2.IAF will seek business relationships with small,diverse companies with a classification as:a)Women business enterprise (WBE);b)Minority business enterprise (MBE);c)Disabled business enterprise;d)LGBTQ business enterprise; or d) Veteran business enterprise. 3.IAF will concentrate on developing relationships with companies that share the Company’s vision and values,specifically those with hiring practices that emphasize diversity,and the hiring of individuals disproportionately impacted by cannabis criminalization. IAF will engage local businesses to provide the wide range of services necessary for an enterprise of its size and complexity.This effort will include purchasing products,such as packaging,office supplies,technology systems,and equipment from suppliers in Fresno and throughout California.The IAF team has had initial conversations with Fresno vendors and looks forward to solidifying partnerships once we secure a license and property.IAF has also begun identifying vendors who are members of the Fresno Chamber of Commerce and plans to continue giving preference to members of this organization while searching for potential vendors or business partners.IAF’s initial list of prospective partners includes: ●Alert-O-Lite ​– ​Construction Equipment and Supplies ●Pacific Gas & Electrical​ – ​electrical services ●Pacific Solar Company​ – solar electric services ●Donald P.Dick Air Conditioning ​–a​ppliances,specializing in energy efficient equipment ●ScrubCan Inc.​ – ​janitorial services IAF intends to use high-efficiency odor control devices,odor mitigation practices,and chain of custody techniques in order to ensure odors from cannabis are not detectable beyond the licensed premises.To that end,and in accordance with FMC §9-3309(j), IAF will install sophisticated ​odor-absorbing ventilation and exhaust systems that use negative air pressure to ​purify the dispensary’s ambient air and neutralize strong odors within the facility before they can emanate from the building. The Odor Control Plan can only be achieved if equipment,procedures,training,and documentation are all implemented to work in tandem.IAF’s odor mitigation and prevention protocols include,but are not necessarily limited to:1)Routine facility and equipment audits;2)Securely closing doors and points of ingress to reduce the spread and permeation of odor,reduce contamination,and maintain the negative air pressure needed to control the flow of odor molecules;3)Updating a maintenance log that tracks HVAC filter changes according to manufacturer specifications;4)Ensuring all products on-site are sealed in their final packaging prior to arrival and during their time on the premises to reduce the likelihood of odor issues;5)Training staff to notice any unusual Infinity Assets Fresno — Neighborhood Compatibility Plan | 10 3.3 – ODOR MITIGATION odors and notify management immediately;6)Conducting an annual review of odor mitigation equipment and determining if there are better practices to adopt based on industry standards;7)Patrolling the facility periodically throughout the day during regularly scheduled security checks to assess odor emanation;8)Proactively communicating with neighboring businesses and other stakeholders in the City through scheduled meetings,attendance at Fresno Chamber of Commerce events,and via anonymous surveys that allow IAF to collect unbiased feedback and address concerns as they arise;9)Ensuring the Odor Control Plan is always up-to-date in the event a modification is made to the facility;10)Disposing of waste and recycling on property in a timely manner and in accordance with City and State regulations pertaining to cannabis waste,with an emphasis on recycling whenever possible;11)Providing recycling bins in all working areas of the facility;and 12)Scheduled cleaning of the facility during opening and closing procedures utilizing eco-friendly cleaning agents. Cannabis Products:​Any cannabis product stored in the dispensary can contribute to a perceived nuisance odor when it is exposed to air.Cannabis products may have their containers opened any time a customer requests to see a sample when in the Sales Area,if products are being reconciled and audited and need to be weighed,or if the Inventory Manager is verifying product integrity by way of visual inspection.All of these instances will only be performed within the confines of the dispensary premises,and IAF is confident the Odor Control Plan described within this section will be adequate to stymie odor. Cannabis Waste:​IAF recognizes cannabis waste destruction and disposal events may generate nuisance cannabis odor.When cannabis goods are removed from their packaging or containers just before being rendered unusable,there is an opportunity for odor to emit into the dispensary.Once removed from its package,the cannabis is ground down into smaller pieces,agitating the product,which may further create odors that are considered a nuisance.Finally,odors can occur when the mixed waste is added to a secure receptacle prior to being hauled away.In an effort to mitigate odor from all three (3)stages of the destruction process,and as described below in greater detail,cannabis goods will only be removed from packaging and ground in a separate Waste Destruction Area.During this process,the doors will be closed to prevent odor from escaping and to enable the odor control devices operating in the facility to remove any odors from the air.Once a final waste mixture is ready for disposal,it will be sealed in an odor-limiting trash bag and locked in a secure receptacle,which has been proven to effectively stop odor from emanating from the receptacle. After careful analysis of Odor Control Plans and equipment implemented successfully in similar facilities across California,IAF identified the M130 Vapor Phase Unit (M130 Unit) Infinity Assets Fresno — Neighborhood Compatibility Plan | 11 3.4 – IDENTIFYING SOURCES OF ODOR 3.5– ODOR CONTROL DEVICES from OMI Industries,which,when used in combination with the Fresh Wave®IAQ odor eliminating solution,provides an effective means to eliminate odors within the facility and prevent its escape to the surrounding area.These odor control devices,when implemented and used with proper techniques,will ensure that odors from cannabis are not detectable beyond the licensed premises and are minimal within the premises. The M130 Unit is a cost-effective,safe application to eliminate odors,which is achieved at the molecular level.The M130 Unit disburses sub-micron molecules of the odor eliminating solution into the surrounding air which allows the droplets to make contact with larger surface areas,effectively decreasing odors in the air,on furniture,and on other facility surfaces.The selected unit is commonly used in commercial applications to remove the toughest odors from smoke and soot to chemicals and fuel-related odors. The odor eliminating solution is environmentally friendly and contains no harmful volatile organic compounds (VOCs),alcohol or fragrances,earning it the Environmental Protection Agency’s Safer Choice recognition.Since this unit has such a proven, successful track record and because the technology prioritizes the safety of customers and employees,IAF is confident in the M130’s ability to eliminate odors emanating from the facility. In compliance with FMC §9-3309(j)(1),IAF will install an exhaust air filtration system utilizing High-Efficiency Particulate Air (HEPA)filters proven to filter at least 99.97%of all airborne particles as small as .3 microns,in combination with replaceable activated carbon filters for effective odor control.Should any lingering odors remain in the facility that are not scrubbed by the M130 Unit,this filtration system will serve as a final layer of protection and remove those odors and any airborne pollutants.This equipment will also create a negative air pressure system,in compliance with FMC §9-3309(j)(2),by coordinating the intake and exhaust systems accordingly. In conjunction with the physical equipment described above,IAF will design a training curriculum for all employees working in the facility to ensure the effectiveness of its Odor Control Plan.Training will include a walk-through of the facility,identifying every area of possible odor generation,and noting the controls in place to reduce them,such as closing specific doors during odor-generating activities.Specific training will be provided to designated employees regarding carbon filter maintenance and replacement,reporting malfunctions in the system,and accurate recordkeeping of all odor related functions.Each time an employee is trained on odor-controlling procedures,the training participation will be recorded on the Odor Control Plan—Employee Training Log,depicted below and maintained by IAF’s Chief Compliance Officer.Recordkeeping systems and forms will be maintained for each piece of equipment,documenting events such as equipment maintenance,repairs,or filter-replacement. Odor Control Logs:​IAF understands the importance of documentation as it pertains to maintaining and refining the Odor Control Plan.IAF has begun developing checklists Infinity Assets Fresno — Neighborhood Compatibility Plan | 12 3.6 – ODOR MITIGATION TRAINING aligned with the dispensary’s standard operating procedures.IAF prepared the following four (4) Odor Control Logs to promote accountability of both employees and equipment. Infinity Assets Fresno — Neighborhood Compatibility Plan | 13 ODOR CONTROL PLAN-FILTRATION MAINTENANCE LOG Fill out this log each time a filter is replaced or maintenance is conducted. DATE TIME EMPLOYEE MAINTENANCE PERFORMED EMPLOYEE SIGNATURE ODOR CONTROL PLAN-FILTRATION SYSTEM MALFUNCTION AND RESOLUTION LOG Fill out this log each time a filter is reported as malfunctioning and what resolutions were completed. DATE TIME EMPLOYEE WHO REPORTED THE MALFUNCTION MALFUNCTION EMPLOYEE WHO RESOLVED THE ISSUE RESOLUTION ODOR CONTROL PLAN-ODOR AND RESPONSE TRACKING LOG Fill out this log each time an odor complaint has been resolved. DATE OF COMPLAINT TIME OF COMPLAINT ODOR COMPLAINT HOW TO RESOLVE EMPLOYEE WHO RESOLVED THE ISSUE ODOR CONTROL PLAN-EMPLOYEE TRAINING LOG Fill out this log each time an odor complaint is resolved. DATE DEPARTMEN T EMPLOYEE TRAINED EMPLOYEE SIGNATURE COMMENTS Waste Handling IAF developed the following Waste Management Plan,which will be implemented when any of the following scenarios or events occur:1)Cannabis packaging is discovered to have been tampered with,damaged,opened,or otherwise adulterated;2)Any products in the dispensary reach their expiration or ‘use by’date;3)A mechanical failure or other issue causes a change in storage conditions,which impacts product integrity;4)A customer returned products to the dispensary due to a product recall;and 5)Any other unforeseen event requiring product to be deemed as cannabis waste,per the definition in 16 CCR § 5000(d). Should any of these criteria for cannabis waste occur throughout the normal course of business,the products in question will be immediately placed in a separate and distinct Quarantine Storage Area,per 16 CCR §5054(c)(2).All unusable products will bear a “QUARANTINE”label and will be kept in locked,odor-limiting quarantine bins housed within the Quarantine Storage Area,located within the Vault and isolated from the remaining inventory.Quarantine bins will be secured with a lockable lid and will contain a trash bag liner.The trash bag liner will be opaque,waterproof,tamper-evident and tear-resistant.The quarantine bins will be clearly labeled with a red “QUARANTINE” label securely affixed on all four (4)sides of the bins.The bins will be kept in the Quarantine Storage Area until the product contained within bins can be rendered unusable,unrecognizable,and disposed of.The Vault will be a secure,limited-access room under 24-hour video surveillance,ensuring only designated IAF employees may access usable and quarantined products.Any cannabis goods intended for disposal will remain in the Quarantine Storage Area until it can be compliantly rendered into cannabis waste. IAF will adhere to the strict disposal and destruction procedures documented in the Waste Management Plan any time cannabis goods must be destroyed.The Inventory Manager will be responsible for identifying,tracking,shredding,rendering,and ultimately disposing of cannabis waste,or supervising the process should more than one (1)employee need to be involved,and always under full view of the video surveillance system.The Inventory Manager will be responsible for monitoring inventory in the Sales Area,and any backstock inventory in the Vault to ensure no products expire or become unusable due to tampered packaging or improper storage conditions, such as extreme humidity,temperature,storage duration or light exposure.When products such as these are discovered,the Inventory Manager will immediately move them to the Quarantine Storage Area,which will ensure customers never receive Infinity Assets Fresno — Neighborhood Compatibility Plan | 14 3.7 – WASTE MANAGEMENT PLAN products unfit for consumption.Per 16 CCR §5054(b)all cannabis waste will be stored, managed,and disposed of in accordance with all applicable waste management laws, such as Division 30 of the Public Resources Code. Waste Tracking Once cannabis products have cleared the quarantine stage and are approved for disposal,the Inventory Manager will access the METRC track and trace system and record the following information pertaining to the disposal:a)The name of the employee performing the destruction and disposal;b)The reason for the disposal;c)The entity disposing of the cannabis waste;d)The product’s identifying information including the batch ID and weight;and e)The date of destruction and disposal.The record in the track and trace system will also include a description for any adjustments made to inventory levels,such as the spoilage or expiration of a product or a description of storage conditions,which may have led to product quarantine.The Inventory Manager will review and verify the cannabis waste record’s contents before the record is finalized in the track and trace system.If applicable,IAF will utilize digital scales to verify the weight of cannabis goods prior to destruction,so entries into the track and trace system are accurate. Waste Destruction Infinity Assets Fresno — Neighborhood Compatibility Plan | 15 IAF’s next step in the Waste Management Plan will be to render the quarantined cannabis waste unusable and unrecognizable by first shredding and then mixing the waste with non-cannabis waste,such as coffee grounds,plant material from the exterior of the building or composted foods.Products contained in the Quarantine Storage Area will be brought to the Waste Destruction Area by the Inventory Manager and one (1) other authorized employee to increase accountability with a two-person system.The Waste Destruction Area will be under full video surveillance,monitored by the Security &Facilities Director.Products will be removed from any packaging or container,which will be recycled whenever possible,except in the case of vape cartridges,which will be rendered unusable,but may still contain trace amounts of cannabis oil.Per the Fresno City Public Works Department,IAF will contract with Republic Services for weekly recycling collection to ensure accrued recyclable waste is disposed of at frequent intervals.Once all products are removed from their respective packaging,the cannabis goods will be physically ground to smaller pieces if possible and mixed with other solid or semi-solid waste that will make up a minimum of 51%of the volume of the resulting mixture.This process will follow the specific procedures set forth in the Waste Management Plan: 1.First,the Inventory Manager and the second employee assisting will wear protective gloves and remove cannabis waste from the Quarantine Storage Area in the Vault and destroy and mix cannabis waste under recorded security video surveillance.​All cannabis waste and unusable products,including concentrates and cannabis-infused products,will be recorded and entered into the METRC track and trace system before rendering it unusable.This procedure will be performed in an area under video surveillance. 2.Once in the Waste Destruction Area,employees will wear safety goggles and face masks in addition to gloves and remove the contaminated product from any and all packaging.As employees separate the packaging from the cannabis waste,they will grind or shred the cannabis and dispose of the packaging in the appropriate waste receptacle.IAF intends to recycle packaging waste whenever possible. 3.A minimum of two (2)employees will then mix the shredded cannabis waste with other waste materials in a large,opaque,tear-resistant garbage bag,so the resulting waste mixture is at least 51%non-cannabis waste by volume.​This procedure will be performed in an area under video surveillance and verified by the Inventory Manager. 4.To ensure compliance,the Inventory Manager will either personally shred and mix the cannabis waste or supervise the employees who are shredding and mixing. Once cannabis products are rendered unusable and unrecognizable by shredding and mixing the materials,the resulting waste mixture will be stored in a locked receptacle in Infinity Assets Fresno — Neighborhood Compatibility Plan | 16 compliance with 16 CCR §5054(e)until it can be hauled away by an authorized waste hauler.The Dispensary Manager will coordinate waste pickup in advance of destruction events so it can be promptly disposed of.Waste destruction records,containing the date and time of destruction,name and quantity of products destroyed,name and employee identification number of any employees involved in the destruction,and the name of the permitted solid waste facility hauler who picked up the waste,will be recorded on a Waste Disposal Log.This log will be maintained for seven (7)years,in compliance with 16 CCR § 5037(a)(7). IAF will work with the City of Fresno and Bureau of Cannabis Control to ensure the non-cannabis waste used to render cannabis waste unusable and unrecognizable is approved for compliant destruction.IAF will strive to use a non-cannabis waste source that allows any cannabis waste to be composted instead of being added to a landfill. Hazardous Waste As a cannabis retail facility,IAF does not anticipate generating hazardous waste.If hazardous waste is generated at any point during operations,IAF will seek the services of the Fresno Conditionally Exempt Small Quantity Generator Businesses (CESQG) program to ensure compliant disposal of hazardous waste less than 27 gallons or 200 pounds per month. IAF is committed to being a good business neighbor and is prepared to expediently address and mitigate any public complaints and concerns.IAF has appointed the Community Relations Manager to serve as the Company’s primary point of contact for all matters related to community engagement,including preventative and proactive complaint response.The Community Relations Manager’s phone and email address will be made available on IAF’s website,in all neighborhood-related communications,and on the exterior of the dispensary’s front door.Comments or complaints from the community will be addressed and promptly responded to within 24-48 business hours. The Company will institute several other community outreach strategies for neighbor feedback,including hosting Fresno Chamber of Commerce events,dispensary open houses,door to door introductions,and conducting Neighbors’Panels open to local nonprofit organizations,businesses,civil servants and customers to discuss issues and recommendations for improvement.IAF will develop and review a quarterly Community Assessment Report outlining the most important concerns raised throughout the year and document the Company’s responses and subsequent actions taken to address the issues related to noise,light,odor,vehicle and pedestrian traffic.IAF will prioritize working with local suppliers who align ethically with IAF’s values and will source from Fresno vendors whenever possible for dispensary supplies and business services. IAF intends to actively manage its dispensary in a manner that has no negative impact on its neighbors and the surrounding community.To ensure the safety of its customers, employees and neighboring community,the Company’s building’s interior and exterior Infinity Assets Fresno — Neighborhood Compatibility Plan | 17 SUMMARY perimeter will be secured by an integrated system of surveillance cameras,motion detectors,proximity sensors and alarms under the constant oversight of highly trained, professional Security Guards.The premises will be surveilled 24/7,will be well lit after sunset,and vegetation and foliage will be maintained to ensure security camera visibility is not blocked.Security Guards will patrol the outside parking areas,perimeter of the building,and surrounding area enforcing the rules against both loitering and on-site consumption.IAF’s proposed facility features curbside parking directly next to the storefront,as well as nine parking spaces and one dedicated handicap accessible parking space on the north side of the building.The building will feature a dedicated receiving area to allow delivery vehicles to enter the building and load and unload deliveries in a secured vestibule to limit public view and reduce security risks. The Company will adhere to all regulations regarding cannabis signage,including no bright illumination,no displays of cannabis or cannabis paraphernalia,and no logos or information that identifies,advertises,or lists the services or products offered inside.IAF will never advertise the business through mobile means and will never place signs on the premises that obstruct any entrance or exit to the building or any window.The Company’s delivery vehicles will be nondescript,and free any logo,image,or text indicating the vehicles are carrying cannabis products.Extensive odor control and waste management measures will be implemented,including installation and maintenance of a reputable HVAC system with appropriate filtration features to prevent odor emission outside the building,internal and perimeter trash and litter removal throughout the business day,and a highly detailed Waste Management Plan that includes protocols related to waste creation,waste collection and disposal,and waste sanitation.IAF will implement comprehensive SOPs and employee training to ensure secure,sanitary conditions within and surrounding the facility;proper odor and waste controls and practices;and the prevention of bothersome noise,light,odor emission, litter, loitering, crime and illegal consumption of cannabis on the property. Infinity Assets Fresno — Neighborhood Compatibility Plan | 18 CITY OF MERCED ----------- Merced Planning Division, 678 West 18th Street, Merced, CA 95340, (209) 385-6858 August 5, 2020 To whom it may concern: The City of Merced has worked with Infinity Assets, LLC. ("Infinity") since selecting them as the second highest-ranked candidate for a commercial cannabis business permit to operate a cannabis dispensary in 2018. At the time, the business was named "Green Door". Since the beginning of the process, the management staff of Infinity have been receptive to feedback and collaborative with the City. Infinity has repeatedly opened its doors for City staff, members of City Council, and others to tour their facility and gain a better understanding of the inner workings of a retail cannabis business. The management team has been professional and engaged in transforming an underused, dilapidated building into an attractive and vibrant space near Merced's downtown. At the time of this writing, Infinity is current on all tax payments, permit renewals, and other regulatory fees. The City of Merced looks forward to continuing to work with Infinity to realize their goals of contributing to the community and providing needed jobs, products, and expertise to Merced residents. Sincerely, Scott McBride, Director of Development Services Infinity Assets Fresno — Neighborhood Compatibility Plan | 19 SAFETY PLAN The Infinity Assets Fresno (IAF) Safety Plan was co-developed by the IAF Ownership Team and Dr. Paul Gantt, CSP, Safety Compliance Management, Inc. A comprehensive examination of the proposed dispensary’s potential fire, medical, and hazardous situations was conducted and the proposed protective and preventive measures are outlined in this preliminary Safety Plan. Fire prevention equipment will be installed, including a reputable, commercial fire alarm and monitoring system, fire extinguishers, automatic fire sprinklers and smoke alarms. Electrical, combustible waste, and other potential fire hazards have been identified, and operational procedures will be implemented throughout the facility to limit the risk of fire ignition. Employee and customer health and safety are of primary concern, and IAF will conduct extensive employee training on the protocols to report a fire or medical emergency, and how to act in various emergency situations. A proposed evacuation plan has been developed to guide personnel and customers to a safe outside location in the event of a facility fire, or natural disaster. This Safety Plan was prepared by IAF and Dr. Paul Gantt, a Board-Certified Safety Professional (CSP). Dr. Gantt serves as the President and Founder of Safety Compliance Management, Inc. (SCM), a safety and health consultation firm headquartered in San Ramon, California. Prior to founding SCM, Dr. Gantt held increasingly responsible positions in four California fire departments serving as the Chief in Charge of Fire Operations, Fire Training Officer, Fire Marshal, Fire Captain, and Acting Fire Chief. Dr. Gantt is an esteemed Safety Engineer with a Doctorate degree in Human Services and obtained his certification from the Office of the California State Fire Marshal as a Certified Fire Officer, Certified Fire Prevention Officer, Certified Public Education Officer Infinity Assets Fresno — Safety Plan | 1 PLAN OVERVIEW 4.1 – NAME OF SAFETY CONSULTANT and Certified Fire Training Officer. He is uniquely qualified, and certified, to teach many of these disciplines for the Office of the State Fire Marshal in California. His expertise has also been represented in various legal matters, notably on the occasions whereby Dr. Gantt served as a qualified expert witness testifying in deposition and court on matters pertaining to the California Fire Code, premises liability, and occupational safety matters. Dr. Gantt began working with licensed California medical cannabis operators in early 2016 and expanded into recreational cannabis operations once they were approved. As a former Fire Marshal and regulator, he has evaluated and assessed prospective facilities for fire and life safety concerns, facilitated meetings between jurisdictional authorities and cannabis clients, and provided guidance on hazardous materials use and storage and conformance to regulatory requirements. He has assisted hundreds of clients in reviews of their operations and in submitting their applications for licensure approval. The following Accident and Incident Reporting Procedures are designed to ensure employees of the dispensary are properly trained and will act accordingly in the event of an emergency. The facility’s safety procedures and employee training will be the responsibility of IAF’s Security and Facilities Director, Chris Hester, to assume all fire and life safety responsibilities and ensure the Company’s emergency protocols are strictly followed. Fire and Life Safety Responsibilities The Security and Facilities Director will direct the Company’s day-to-day fire prevention and life safety activities. He will be responsible for the following: 1) Ensure that all aisles and exits are properly maintained and unobstructed; 2) Regularly inspect all emergency lighting, alarm, detection and suppression equipment to ensure proper maintenance according to manufacturer specifications; and 3) Conduct employee training on fire prevention, life safety, and emergency standard operating procedures. The Security and Facilities Director will be familiar with 1) Major workplace hazards; 2) Requirements to maintain unobstructed aisles and exits; 3) Proper handling and storage practices of potential flammable and combustible materials and ignition sources; 4) IAF’s Emergency Action Plan; 5) Laws and local codes relating to fire prevention; and 6) All fire protection equipment. The Security and Facilities Director will be responsible for all employee training on the Company’s fire prevention procedures, ensuring they are fully knowledgeable on their roles in the event of an emergency. Reporting A Fire Infinity Assets Fresno — Safety Plan | 2 4.2 – ACCIDENT AND INCIDENT REPORTING In the event of a fire, visible smoke, or the smell of smoke, employees must immediately leave the area of the fire. If customers are in the facility during a fire evacuation, and it is safe to do so, employees are instructed to escort customers out of the building to a safe location. A fire of any size must be reported to the fire department after evacuation Employees will be trained to call 9-1-1 from a cell phone. Employees must be prepared to provide the emergency operator with the following information: 1) Type of emergency; 2) Scope of emergency (number of people involved, size of the problem); 3) Location of the emergency; 4) Caller’s name and phone number; and 5) Any other details emergency response personnel should be made aware of. Employees will be trained to stay on the line until the emergency operator indicates all necessary information is recorded and is the first to end the call. OSHA Reporting Requirements In the event of a serious occupational injury or illness, or the death of an employee as a result of an occupational condition or incident, the Labor Code requires that CAL/OSHA be notified of the occurrence by telephone within eight hours after the incident. The only exception would be when the person making the report ​can demonstrate that exigent circumstances existed, and that, even with diligent inquiry, the information for the report was not available in the required time frame.​A serious injury or illness is defined in Title 8, Section 330(h) and occurs when any of the following occur: ●A fatality. ●An employee suffers a loss of any member of the body. ●An employee suffers a serious degree of permanent disfigurement. ●An employee is hospitalized for “other than medical observation.” ●A significant injury or illness diagnosed by a physician or other licensed health care professional. The following information must be reported to Cal/OSHA: 1) Date and time of the incident; 2) Employer's name, address, and telephone number; 3) Name and job title of the person making the report; 4) Address of the site of the incident; 5) Name of the injured/ill employee; 6) Nature of the injury/illness; 7) Location to where the injured employee) was moved; 8) Identification of law enforcement agencies present at the site of the incident; and 9) Description of the incident and whether the incident scene had been altered. Medical Emergencies In the event of a serious medical emergency, employees are trained to report the emergency by calling 9-1-1 ​from a cell phone, then emergency trained personnel will initiate first-aid protocol while waiting for first responders. Infinity Assets Fresno — Safety Plan | 3 IAF personnel who are trained in CPR, first aid, or the use of an AED, must only provide aid according to their level of training. It is important that employees not go beyond their level of training to prevent doing further harm to the injured individual. Employees must notify the Security and Facilities Director immediately in the event of any work-related injury or illness. Violence In the event of any person attempting to commit a robbery or other criminal act on IAF property, first consideration must always be for employee and customer safety and survival. Employees will be trained to fully comply with the offender’s instructions. After the criminal act, employees must immediately contact local law enforcement, then provide medical assistance to anyone who may require it. Upon the arrival of law enforcement employees will be trained to act according to the following directives: ●Listen and calmly follow law enforcement officer instructions. ●Put down anything in their hands and place their cell phone in a pocket. ●Raise their hands, fingers spread, and keep their hands visible at all times. ●Avoid quick movements towards the officers, and do not touch them. ●Do not point, scream or yell. ●Exit when told to do so, and do not stop to talk with or ask directions from the officers. During new employee orientation, employees will be informed of the procedures for emergency evacuations, including their responsibility to become familiar with evacuation routes, and to always consider a secondary route should the primary route be blocked. In the event of an evacuation all personnel and visitors must immediately leave the facility following designated exit/escape routes. Employees will be trained on evacuation protocol and evacuation drills will be periodically enacted to ensure employees stay calm and follow management instructions. Employees will be trained to leave their belongings behind and not use their cell phones until reaching the safe assembly area. They will be instructed to help co-workers and customers to escape, if possible, but to not attempt to move wounded people. Designated employees will remain to shut down critical facility systems and equipment before they evacuate. Personnel will be instructed to wait in the safe assembly area until they are given the “all clear” to return to the building or told to evacuate the premises. Designated employees will be responsible for ensuring all employees have been evacuated from the building. Working from the employee roster, the designated assembly monitor will account for all employees upon full completion of the evacuation. Infinity Assets Fresno — Safety Plan | 4 4.3 – EVACUATION ROUTES APPENDIX B – SITE PLAN First Floor LEGEND Fire Extinguishers Emergency Evacuation Routes UP 59 SF CUSTOMER RESTROOM 114 SF INVENTORY RECEIVING AREA 286 SF VAULT 88 SF QUARANTINE STORAGE AREA 55 SF EMPLOYEE RESTROOM 998 SF SALES AREA 145 SF ORDER FULFILLMENT 69 SF EXPRESS PICK-UP 154 SF RECEPTION 47 SF NON CANNABIS STORAGE 205 SF BREAK AREA 50 SF I.T. ROOM 37 SF JANITOR 1' - 6"PRODUCT DELIVERY CUSTOMER ENTRANCE CUSTOMER ENTRANCE 361 SF LOBBY OUTIN BEVERAGE COUNTER ATM 151 SF CANNABIS DELIVERY RECEIVING AREA 507 SF CORRIDOR 507 SF CORRIDOR ATM WALLS TO BE DEMOLISHED EXISTING WALLS NEW WALLS 2159 India St. San Diego CA. 92101 info@heleo.co SET NOT FOR COUNSTRUCTION All Dimensions to be verified on site All ideas, designs and plans indicated or represented by these drawings are owned by and are property of Heleo Architecture and Design and were created and developed for use in connection with the specified project. None of such ideas, designs or plans shall be used for any purpose whatsoever without the written permission of Heleo © 2020 Heleo Architecture and Design. As indicated 11/30/2020 7:02:18 PM PROPOSED FLOOR PLAN LVL 1 FRESNO INFINITY A001618 E SHAW AVE FRESNO, CA 93710 KEYNOTES LEGEND North To Assembly Area Infinity Assets Fresno — Safety Plan | 4 Infinity Assets Fresno — Safety Plan | 5 Second Floor UP WALLS TO BE DEMOLISHED EXISTING WALLS NEW WALLS 241 SF NON-CANNABIS STORAGE 215 SF NON-CANNABIS STORAGE 78 SF MEN'S R.R. 86 SF WOMEN'S R.R. 217 SF SECURITY MANAGER'S OFFICE 14 SF JANITOR RM 17 SF STORAGE LEVEL BELOW 2159 India St. San Diego CA. 92101 info@heleo.co SET NOT FOR COUNSTRUCTION All Dimensions to be verified on site All ideas, designs and plans indicated or represented by these drawings are owned by and are property of Heleo Architecture and Design and were created and developed for use in connection with the specif ied project. None of such ideas, designs or plans shall be used for any purpose whatsoever without the written permission of Heleo © 2020 Heleo Architecture and Design. As indicated11/30/2020 7:02:21 PM PROPOSED FLOOR PLAN LVL 2 FRESNO INFINITY A002618 E SHAW AVE FRESNO, CA 93710 KEYNOTES LEGEND Infinity Assets Fresno — Safety Plan | 6 Evacuation Assembly Area During an evacuation,Employees will be instructed to gather at the designated assembly area in the north parking lot.The manager on duty will perform a headcount to ensure all employees are accounted for and will instruct everyone to wait until cleared by local authorities. ADA Compliant Evacuation Procedures Posted exit signage will have Braille instructions for persons with visual impairments. Exit signage and instructions will be in colors easily recognizable by persons with color blindness.Evacuation familiarization tours will be provided for any employee with a visual impairment upon request. In addition to loud alarms and audible announcements to signal emergency evacuations,strobe lighting will be used to signal those with hearing impairments. Employees will be assigned to assist those with hearing impairments,including customers,to ensure they are alerted to any emergency instructions.Employees with hearing impairments may receive instructions by texts or emails.Employees or customers with mobility impairments will be assisted to the evacuation assembly area. Earthquakes Earthquakes occur without warning and can cause buildings to collapse, creating dangerous conditions and debris. Most injuries are caused by people falling while trying Infinity Assets Fresno — Safety Plan | 7 to walk or run during the shaking, or being hit by falling, sliding, or flying items and/or debris. IAF employees will be trained to Drop, Cover, and Hold On in the event of an earthquake. Employees will be trained to drop to their hands and knees to avoid falling,and to cover their heads and necks with their arms to protect from falling debris.If they are able to move safely,they are instructed to crawl to additional cover under a sturdy desk or table,or against an interior wall or corner nearby.It is important all personnel stay away from glass,windows,outside doors and walls,and anything that could fall,such as light fixtures or furniture.Employees will be trained to hold on to any sturdy shelter until the shaking stops, and to stay there until the shaking stops. Employees will be trained to calmly remain in their safe place until the shaking stops. The Facilities Director and management will assess the extent of damage and provide instructions.If necessary,employees will be instructed to proceed in a calm and safe manner to the nearest safe exit;to use the stairs –not the elevator;and to move carefully and look out for moved furniture,falling debris and broken obstructions on the ground.Earthquakes can set off fire alarms and fire sprinklers so employees must be prepared to encounter fires and flooded floors. Upon exiting the building employees will congregate in an open space away from damaged areas,designated as the evacuation assembly area.Working from the employee roster,the designated assembly monitor will account for all employees upon full completion of the evacuation.Once employees have been accounted for,a designated team will search to locate any missing persons.Employees will be trained to not re-enter the building or leave the assembly area until instructed to do so.Employees trained in first aid will assist those in need until an emergency response team arrives as long as their safety is not endangered.Employees will be prepared for aftershocks following any serious quake and are expected to remain clear of any weakened structures. IAF is aware of the severe fire risk in California and the importance of the installation of easily accessible and functioning fire extinguishers throughout the building.The following describes the location of fire extinguishers and other fire suppression equipment. Fire Suppression Equipment ●Fire extinguishers are located throughout the facility within 75 feet of all areas for quick access when a small fire is discovered. ●Fire extinguishers require regular inspection and maintenance.Fire extinguishers will be inspected every month and documented on equipment tags. Infinity Assets Fresno — Safety Plan | 8 4.4 – LOCATION OF FIRE EXTINGUISHERS AND FIRE SUPPRESSION EQUIPMENT ●All extinguishers shall be serviced annually by an approved contractor and following each use. ●Other fire suppression equipment include: ○Fire blankets ○Smoke alarm and sprinklers ○Fire resistant doors and windows ○Fire foam ○Fire first aid kits Fire extinguisher locations are detailed on the evacuation site plan above. IAF takes employee training for all fire and medical emergencies extremely seriously. To successfully prepare all staff for potential fire,medical,natural disaster,or other emergencies,IAF has selected a leading certified California safety professional to develop this plan and advise the Company on all safety policies and procedures.The following procedures and training descriptions have been compiled in order to show the Company’s thorough knowledge and dedication to safety for all people in and on the facility premises. The following procedures have been developed and equipment purchased as proactive measures to limit the possibility of a fire. Fire Prevention Procedures Fire prevention procedures will be implemented throughout the facility,including:1)Fire doors shall be kept closed at all times unless provided with alarm actuated,self-closing hardware;2)A minimum of three feet clearance will be maintained surrounding all electrical panels;3)Extension cords will not be used in place of fixed wiring,and will only be used for temporary purposes;4)Multi-plug adapters will not be used unless provided as part of a listed and fused power strip,and plugged directly into an approved receptacle;5)Electrical cords will not be placed under carpets or through doorways;6) Any fire protection equipment,including fire extinguishers,will not be blocked 7)All combustible storage will be stored in a securely in a manner to prevent the spread of fire;8)All combustible waste will be stored in approved waste containers;9)All work areas will be kept free of excess accumulations of waste;10)Smoke alarms will be installed throughout the facility with scheduled battery replacement;and 11)Smoking will only be allowed in designated outside areas,and discarded smoking materials must be places in designated receptacles. Potential Fire Hazards A minimal amount of cleaning products containing potential hazardous chemicals will be used and stored in the facility. Infinity Assets Fresno — Safety Plan | 9 4.5 FIRE AND MEDICAL EMERGENCY TRAININGS AND PROCEDURES Suppression Systems The following suppression systems will be installed and regularly maintained to control a fire if it does occur. Fire Extinguishers:​Fire extinguishers will be located throughout the facility to ensure installation within 75 feet of all areas,to facilitate quick access and response to quell a fire.Fire extinguishers will be regularly maintained,visually inspected every month,and the inspection documented.All extinguishers will be serviced annually by an approved contractor and following each use. Automatic Fire Sprinklers:​When exposed to extreme heat,ceiling sprinkler heads are activated to douse water to cool walls,ceilings, and the surrounding air to give personnel and customers a chance to escape.The activation of a sprinkler head will sound an audible alarm and will alert the alarm company to notify the fire department. Each individual sprinkler head must be unobstructed and at no time can storage come within 18 inches of any sprinkler head.To ensure proper operation,automatic fire sprinkler systems require regular inspection and maintenance.The Company’s system will be inspected and serviced quarterly by an authorized technician and the inspection will be documented in a written record.The system must also be tested and certified every five years by a licensed technician. Other Fire and Life Safety Equipment IAF will contract with Eye See You Surveillance to install a Fire Alarm and Monitoring System that will provide a loud,audible warning to alert all employees and customers of a fire.Verbal communication will also be used to instruct personnel and customers to evacuate the premises or shelter in place.Manual alarm stations for use in conjunction with the automatic alarm system will be unobstructed,conspicuous,and easily accessible.All alarms will be tested regularly and serviced according to manufacturers’recommendations.​Verbal communication will also be employed to provide notifications for full evacuations and sheltering in place. Emergency Lighting Emergency lighting will be maintained and tested according to manufacturers’ recommendations and CFC requirements. Aisles and Exits Infinity Assets Fresno — Safety Plan | 10 All aisles and exits shall conform to minimum standards as outlined by Fresno fire and building codes. Fire and Life Safety Coordinators will ensure that all workers assist in the maintenance of aisles and exits in their respective work areas.It is the responsibility of the Fire and Life Safety Coordinators to ensure that aisles and exits remain free of obstructions at all times. ●Storage is not permitted in emergency exit paths even on a temporary basis; ●Any operation that blocks or makes an emergency exit inoperable must receive the approval of the Fire and Life Safety Coordinators.Special arrangements will be made to ensure adequate exiting if such an operation occurs; ●Exit signs will be posted above all emergency exits; ●Illuminated signs will be maintained in proper working order at all times;. ●Cords and cables will not lay across aisles where they might present a tripping hazard; ●Aisles in the office area will be maintained at a minimum of 36 inches wide; ●Spills of any liquids in aisles will be immediately cleaned; ●Door hardware,including locks,bolts and chains,will not be affixed to any exit door without the approval of the Fire and Life Safety Coordinators; and ●Exit doors and hardware will be inspected. Occupational Employee Safety Training IAF plans to be open for business from 9:00 AM to 10:00 PM,seven days per week. The business will operate in two shifts with approximately eight employees per shift working in a variety of role responsibilities.A manager will come in at 8:00 AM three days each week to conduct inventory.In addition,a member of the Management Team may be present to oversee the management of the business operations. Written Compliance Programs IAF's Safety Plan requires the development and implementation of several written occupational safety and health policies and procedures to protect personnel including: The foundation of the overall safety and health programs is the IIPP,which includes the Infinity Assets Fresno — Safety Plan | 11 PROGRAM REQUIREMENT NOTES Injury and Illness Prevention Program (IIPP) 8 CCR §3203 Foundation of Safety Programs and Systems. Emergency Action Plan 8 CCR §3220 Plans for evacuation and all other emergencies that might occur.This will also include evacuation of the public when they are present. following eight required elements: Training Programs Full implementation of the occupational safety and health programs requires training in several areas.Following is a description of the training programs that have been identified. Infinity Assets Fresno — Safety Plan | 12 ELEMENT APPLICATION Responsibility Responsibility will be assigned for implementing the program. Additional responsibility will be delegated throughout the organization to managers, supervisors, and employees. Compliance Safety work rules will be developed for all aspects of the operation.Programs for employee recognition and discipline will be developed.This area will also identify other written safety programs and their role in the overall safety management system. Communication Programs to communicate safety related matters within the organization will be developed,including procedures for anonymous reporting of safety concerns.Programs will include worksite postings,employee meetings,and the implementation of a Safety Committee. Training Training and retraining programs for all aspects of the facility operations will be established and implemented. Hazard Identification Hazard identification programs including identification of the frequency and responsibility for worksite inspections will be developed and implemented.Included in this will be an assessment of the site to identify the required personal protective equipment that will be needed for specific tasks and operations. Hazard Correction Programs to correct all identified hazards in a timely manner will be identified and implemented. Incident Investigation A robust incident investigation process will be developed and implemented.The program will also include a program of near-miss (close call)reporting.The program will be based on current safety research that focuses on system improvements and organizational learning. Recordkeeping Records retention and availability programs will be identified and implemented for all safety-related records. TRAINING DESCRIPTION EMPLOYEES IIPP Training Training in accordance with 8 CCR §3203 on all elements of the IIPP and responsibilities for each level of employee within the organization. All Employees Additionally, while not required, training in the following areas has been identified for IAF’s Occupational Safety and Health training matrix. Infinity Assets Fresno — Safety Plan | 13 Emergency Action Plan Training on the elements of the site Emergency Action Plan in accordance with 8 CCR §3220, including employee responsibilities and procedures for reporting emergencies, the emergency action to be taken for each type of anticipated emergency, and evacuation routes and areas of safe refuge. Emergencies that are covered in the training and Plan include medical, fire, power failure, earthquake, workplace violence and active shooter. All Employees Inspection Programs Training will be provided to personnel involved in the inspection of safety equipment and emergency systems involved in the retail activities. Affected/Involved Employees Equipment Specific/Job Training Training of personnel in the safe operations of all equipment used by employees as required by 8 CCR §3203. Affected/Involved Employees Cal/OSHA General Industry 30-Hour Course In accordance with the California Business and Professions Code Section 26051.5, employers in the cannabis industry with two or more employees must ensure that one supervisor and one employee have successfully completed a Cal/OSHA 30 hour general industry outreach training course offered by a training provider that is authorized by an OSHA Training Institute (OTI) Education Center. At Least One Supervisor and One Employee TRAINING DESCRIPTION EMPLOYEES Cardiopulmonary Resuscitation (CPR) and First Aid Training in accordance with 8 CCR §3400 to provide CPR and First Aid in accordance with the guidelines of the American Heart Association. Emergency Response Team (ERT) Members Automatic External Defibrillator (AED) Training in accordance with 8 CCR §3400 to use an AED in accordance with the guidelines of the American Heart Association. Emergency Response Team (ERT) Members Portable Fire Extinguisher Use/Incipient Fire Control Training in accordance with 8 CCR §6151 on the use of portable fire extinguishers including requirements for notification and evacuation prior to use, selection of the proper type of extinguisher, Emergency Response Team (ERT) Members Inspection Programs As safety systems are implemented, inspection and testing programs are required to ensure that the equipment and systems are properly maintained and operational. Required inspections are as follows: Medical Emergencies In the event of a serious medical emergency, IAF personnel are trained to immediately report the emergency by calling 9-1-1 or ​(707) 428-7373 from a cell phone​. IAF personnel who are currently trained in CPR, first aid, or the use of an AED, are instructed to give aid according to their level of training. It is important that employees do not go beyond his/her level of training to prevent doing further harm to the injured individual. Employees must notify the Fire and Life Safety Coordinators immediately in the event of any on-the-job injuries or illnesses. Safety Administration Recordkeeping:​To ensure ongoing compliance within IAF’s safety systems, records will be developed by management and maintained in compliance with Cal/OSHA requirements found in 8 CCR §3203 and §3204, and other equipment-specific sections. Following is a list of the records that may be required: Personnel safety training records. ●Equipment inspection records;. ●Facility inspection records; Infinity Assets Fresno — Safety Plan | 14 inspection/service requirements, and proper use. EQUIPMENT/SYSTEM FREQUENCY Portable Fire Extinguishers Visual inspection monthly by Company personnel. Annual service by a licensed vendor. Emergency Lighting Systems (if present) Testing for 30 seconds monthly by Company personnel. Annual 90 minute test by Company personnel. First Aid Kits Regular inventory inspections by Company personnel or an approved vendor. Portable Ladders (if used) Regular inspections – recommended quarterly. Detection and Alarm Systems (if present) Maintained and tested in accordance with manufacturers and CCR Title 19 requirements. ●Operational and facility inspection records; ●Emergency equipment inspection records (e.g., alarms, detectors, fire extinguishers, emergency lighting.); and ●OSHA Log 300 and 300A. Hazardous Materials Safety and Compliance​:​Given the nature of the dispensary, operations, the use of hazardous materials will be negligible and hazardous waste will not be generated. Materials that will be present, such as general office and retail area cleaning supplies, will be stored and handled in accordance with applicable requirements of the CFC and Cal/OSHA regulations. These will be all general consumer-use products. IAF’s preliminary Safety Plan for its proposed dispensary in the City of Fresno was developed by the IAF Ownership Team and Dr. Paul W. Gantt, CSP, a professional fire prevention consultant. A thorough examination of the proposed facility’s revealed potential fire, medical, and hazardous situations, and the proposed protective and preventive measures are presented in this Plan. Commercial-grade fire prevention equipment will be installed throughout the facility, including a reputable, commercial fire alarm and monitoring system, fire extinguishers, automatic fire sprinklers and smoke alarms. Potential fire hazards have been identified, and operational procedures will be implemented throughout the facility to reduce the risk of fire. Employees will be trained on the protocols to report a fire or medical emergency and how to conduct themselves in various emergency situations. Protocols have been developed in the event of a criminal act or a natural disaster, such as an earthquake, to ensure the safety and evacuation of employees and customers from the dispensary. Accident and incident reporting and recordkeeping procedures have been developed in compliance with Cal/OSHA requirements and other safety management guidelines. Infinity Assets Fresno — Safety Plan | 15 SUMMARY APPENDIX A – PAUL W. GANTT, CURRICULUM VITAE Infinity Assets Fresno — Safety Plan | 16 SECURITY PLAN Infinity Assets Fresno — Security Plan | 1 All topics requested in the Guidelines and State and local law and all regulations relevant to security are present in this Security Plan.IAF will work with the Police Department to adapt to any changes necessary due to the evolution of the cannabis industry in Fresno and throughout California.Compliance with the foregoing requirements may be verified by the Chief of Police prior to commencing business operations.IAF understands the Chief of Police may supplement these security requirements once operations begin,subject to review by the City Manager if requested by IAF. IAF has contracted with Sapphire Risk Advisory Group,LLC (Sapphire)to assist in designing and implementing IAF’s security program and strategy.Sapphire has extensive expertise implementing loss-prevention controls and processes that mitigate security threats from armed robbery and burglary specific to the cannabis industry.Sapphire has designed security operations for over 350 cannabis businesses in 30 states,including over 50 in California.Sapphire’s online training courses for the cannabis industry in robbery awareness,internal loss prevention,and detecting false identification cards have been completed by hundreds of individuals and all IAF’s managers will be required to complete these training courses. Sapphire’s Managing Partner,Tony Gallo,has been a Senior Loss Prevention Executive at Sapphire for 30 years.He possesses both strategic and tactical experience in the multi-unit retail,auto parts,and financial loan service industries with companies, such as EZCorp (EZPawn/Value Pawn/EZMoney),Sears,and Federated Department Stores.Tony has a Bachelor of Science degree in Criminal Justice from New Jersey City University,serves on the Foundation of Cannabis Unified Standards (FOCUS) Cannabis Security Committee,and is an active member of the Coachella Valley Cannabis Alliance Network.He has spoken at major cannabis industry events including MJBizCon,NECANN,and CWCBE,and is the security instructor for one of just six training vendors for the Massachusetts Social Equity Program. Sapphire will assist IAF in the following services:1)security master planning;2) build-out security systems installation;3)staff training online and/or offsite;4) development of tailored SOPs;5)operational analysis;6)diversion investigations;7) security vendor key performance indicators (KPIs)and;8)annual risk assessments.IAF will utilize Sapphire's extensive experience in crime prevention in developing this key element of IAF's Safety and Security Plan.Sapphire will provide IAF with internal security recommendations,including:1)installation of locked safes and other protective barriers for inventory and cash;2)conspicuous placement of video monitoring cameras throughout the facility;3)installation of multi-lock metal doors to inventory storage Infinity Assets Fresno — Security Plan | 2 5.1 PROFESSIONAL SECURITY CONSULTANT LOCATION Infinity Assets Fresno LLC (“IAF”) has obtained a letter of intent to purchase its proposed cannabis retail facility, located at 618 E Shaw Ave, Fresno, CA 93710. The property is situated on the signalized NEC corner of E Shaw Ave., and N. Angus St., easily accessible via Yosemite Freeway (CA State Route 41) and Sierra Freeway. Located just north of the heart of downtown Fresno and south of major retailers including Target, Dollar Tree, and Walgreens,​this property was strategically selected due to its proximity to downtown, two major freeways, and nearby residential and mixed-use areas, effectively uniting the North Fresno neighborhood around a centrally located dispensary. Further, the existing condition of the building is ideal for a retail facility with favorable design features and strong curb appeal. The site is on the northern border of Fresno, just north of Fashion Fair Shopping Mall and, after a comprehensive restoration effort, is poised to be an iconic Fresno fixture. Infinity Assets Fresno — Location Plan | 1 PLAN OVERVIEW The 5,636 square foot proposed commercial location is a retail-ready space with 1,359 square feet dedicated to retail sales and the remaining space allocated for storage and incoming delivery processing.As a former bank,IAF’s proposed facility has been designed with safety and security in mind.The building is equipped with a highly secure vault and the floorplan was designed to handle high customer traffic volume.The site features an abundance of parking with a total of 39 parking spaces dedicated specifically to this property.The building is composed of all necessary operational areas,designed in accordance with Americans with Disabilities Act of 1990 (ADA) regulations,including accessible entrances and restrooms,administrative offices and the ability to secure cannabis inventory within a centralized Vault.The location meets all zoning requirements as described in the Fresno Municipal Code,(FMC)§9-3307(d)(3). In addition to a thorough description of the overall property,building and floor plan,IAF has attached a photograph of the front (street facing)side of the building and an aerial photograph showing the neighborhood.Within ​Section 6.3 —Premises (Site)Diagram is an accurate,dimensioned and to-scale premises diagram that focuses on the overall property,building and floor plan including available/shared parking spaces and driveway locations.IAF is proud to present this proposed location and is determined to become an E.Shaw Ave.tenant,a small business advocate and a model tax-paying business in the North Fresno Area. Description of Proposed Neighborhood In proposing its Fresno dispensary,IAF strives to contribute to Fresno’s growth,revitalization,and prosperity,which starts with becoming a conscientious, positive member of the neighborhood in which it operates.The physical location of the proposed facility is a major crossroads with close proximity to California State Route 41,bus lines,California State University, Fresno,and other links to the surrounding local economy. The selected real estate is located prominently at the intersection of E.Shaw Ave and N.Angus Street,in a neighborhood comprised heavily of retail and service businesses that depend not only on the area’s strong,regular traffic flow,but also from multifamily and single-family residential developments and mixed-use retail,all within walking distance from the proposed location.The average daily traffic passing the property on East Shaw Ave is over 40,000 vehicles eastbound and 35,000 vehicles westbound, respectively.Just as motorists frequent the area for its plentiful service stations and fast-casual restaurants,so too can visitors expect quality service from this proposed dispensary while they’re in the area. Infinity Assets Fresno — Location Plan | 2 6.1 – DESCRIPTION OF LOCATION IAF selected this parcel of real estate for its ease of ingress and egress for vehicles and pedestrians alike,owing to the site’s current use as a bank with drive up ATM service. Because the location is mere blocks from CA State Route 41 connection with E.Shaw Ave.,it is conveniently accessible to vehicles and pedestrians in and around Fresno,or those who are passing through it on their way to and from the surrounding communities of Clovis,Bakersfield,Merced,and Stockton.Up until Fresno’s adoption of its own dispensary licensing process,the Fresno County communities surrounding Fresno have only been served by cannabis dispensaries many miles away.Fresno’s close proximity to travel corridors to Bakersfield,Yosemite National Park,Death Valley National Park allow this proposed site to thrive as its own destination for those seeking quality cannabis service. Alignment with Fresno’s Design Guidelines and Pressing Issues As the CALGreen state-wide mandatory green building code is required for this proposed dispensary,IAF and its design partners have dedicated themselves to meeting and exceeding the expectations of state regulators and Fresno City Council Design &Development Guidelines. Of note is the real estate’s curb appeal from the East Shaw Avenue arterial,with particular attention paid to facade design,landscaping and parking elements that allow the proposed dispensary to stand out from its retail-corridor neighbors,while also maintaining a high-end,understated look.To maintain a high standard of safety and security for patrons,employees,vendors and other visitors,IAF has designed the site’s lighting, signage and pedestrian access areas to be functional and aesthetically pleasing while also being in full compliance with local and state requirements as well as the City of Fresno General Plan policies. Infinity Assets Fresno — Location Plan | 3 While the proposed site is not within Fresno’s timeless downtown Fresno business district,the proposed dispensary’s aesthetics have been envisioned with similar goals as the historic downtown:maintain and strengthen character,positively impact the streetscape and maximize access.The exterior design eschews blank walls in favor of a modern look,while the taller design of the facade,the sloping roofline and creative light placement add interest to the streetscape.Low-key bike racks and low-slung landscaping choices round out the corner lot’s curb appeal. Market Analysis In 1872,the Central Pacific Railroad constructed a simple,wood frame depot in the San Joaquin Valley to serve the railroad line that traversed from San Francisco to Los Angeles through the barren sand plains of central California.Recognizing future development potential in the region,vast tracts of land were acquired by syndicates of investors.In 1875,the Central California Colony sold tracts of land in Fresno County subdivided into 20 to 40 acre parcels to farmers with hopes of creating a prosperous life for their families.The colony farm system was a method of land development that organized arable land into settlements of small farms that included roads lined with palms,eucalyptus and other drought-resistant trees,access to canal irrigation,and eventually schools.By 1903,48 colony tracts over 71,000 acres were engaged in agricultural production.From a flatland of barren plain,Fresno County has become one the most productive agricultural regions in the world with annual sales in excess of $3 billion.Fresno’s spirit of entrepreneurship and industry over the last 150 years is evidenced by the settlement of Chinese railroad workers in its earliest days,the migration of large groups of Scandinavian,German,Japanese and Armenian farmers, and in the early 20th century the growth of its Hispanic population –all seeking new life opportunities.The Fresno metropolitan area now has an estimated 2020 population of 542,012 representing more than 70 ethnicities. Over the past century the City of Fresno has managed to maintain its small-town values in the face of large socioeconomic growth,and future planning envisions Fresno as a vibrant,growing city infused with a sense of heritage and community.Fresno is the fifth largest city and one of most inexpensive to live in California with a living index 60% lower than the state’s average.However,an estimated one quarter of the Fresno population live below the poverty line,which in turn creates disenfranchisement in the community leading to generational poverty,lack of higher educational opportunities,and increased incidents of crime.The theme of resilience runs throughout the City’s General Plan with five principles that serve as a framework for building and preserving a healthy and prosperous community,including 1)Quality​of​life and basic services in all neighborhoods;2)A prosperous city ​centered on a vibrant downtown;3)Ample industrial and employment land ready for job creation;4)Care for the built and natural environment,and 5)Fiscally responsible and sustainable land use policies and practices. The General Plan addresses prevalent existing conditions and trends and presents long-range,​planned i​nitiatives to improve property values,living conditions,public Infinity Assets Fresno — Location Plan | 4 safety and the overall quality of life in established neighborhoods.​The IAF Ownership Team intends to actively participate in City initiatives to nourish greater human, community, environmental, and economic health and prosperity in the Fresno community. Located in the City’s northeast District 4, IAF’s proposed dispensary is located on a well-established, tree-lined boulevard across from the Fashion Fair Shopping Center. The IAF Ownership Team is committed to renovating the dispensary’s facade in keeping with its neighboring businesses and will ensure attractive curb appeal and street cleanliness. IAF will be situated in the City’s Hoover Community Plan within two miles of the Old Fig Garden Neighborhood, which is undergoing extensive renovation and rehabilitation. Through direct monetary donations and civic engagement, IAF will foster community involvement among employees, the local community, neighboring businesses and store customers. The new cannabis economy is projected to provide the City of Fresno in tax revenue in the first year once establishments are operational, and upwards of in annual tax revenue in subsequent years. Based on IAF’s market analysis as described in ​Section 1 – Business Plan, the Company will make annual estimated tax payments of in 2021,in 2022,in 2023, and in 2024, to the City of Fresno directly impacting the local economy and the City’s many social initiatives, including but not limited to homeless outreach, substance abuse and youth services. Description of Proposed Floor Plan IAF’s proposed dispensary facility has been thoughtfully designed by a seasoned team of professionals who have been designing comparable cannabis facilities since it’s legalization in California. The following outline describes the function of each room and area name within the proposed dispensary. Each room number corresponds with the attached premises diagram. Infinity Assets Fresno — Location Plan | 5 ROOM NAME & ACCESS TYPE SQUARE FOOTAGE Lobby—Verified Customers Only 361 SF Reception Area—Limited-Access Area 154 SF Employee ADA Bathroom—Limited-Access Area 55 SF Customer ADA Bathroom—Verified Customers Only 59 SF Sales Area—Verified Customers Only 998 SF Security/Manager’s Office—Limited-Access Area 217 SF Quarantine Storage Area—Limited-Access Area 88 SF Limited-Access Area Many of the rooms within the dispensary facility are designated as limited-access areas, which per FMC §9-3304(bb)​refers to an area in which cannabis is stored or held and is only accessible to some licensed and authorized IAF personnel. Limited-access areas in which customers are admitted to purchase cannabis products are restricted through electronic controls until a valid government ID is verified and an employee is available to conduct a transaction, while employee-only limited-access areas are further restricted through the implementation of electronic key cards assigned to employees based on their job functions. Customer Parking and Bike Rack The dispensary will be designed to accommodate an accessible pathway from the exterior to the interior of the facility. A stable, well-lit ADA-compliant and slip-resistant path will be provided into the building in compliance with the California Building Code. If approved by the City, IAF will install two bike racks in front of the building’s entrance for customer and employee use. Infinity Assets Fresno — Location Plan | 6 Non-Cannabis Storage Area(s)—Limited-Access Area 215 SF and 241 SF Vault—Limited-Access Area 286 SF Inventory Receiving Area—Limited-Access Area 114 SF Express Pickup Area—Verified Customers Only 69 SF Break Area—Limited-Access Area 205 SF Information Technology (IT) Room—Limited-Access Area 50 SF Janitorial Closet—Limited-Access Area 37 SF Cannabis Delivery Receiving Area—Limited-Access Area 151 SF Order Fulfillment Room—Limited-Access Area 145 SF Corridor—Limited-Access Area 507 SF Lobby The exterior and interior of the dispensary will be compliant with the California Building Code accessibility provisions and the ADA.The entrance doors will be equipped with push-button operable door hardware allowing all users to enter the facility independently,in compliance with ADA requirements.Customers will enter the dispensary through the front facing or north side doors and walk directly into the Lobby, a 361 sq.ft.area outfitted with a reception desk for customer check-in and comfortable seating for customers to enjoy prior to being escorted into the Sales Area.Flooring inside the dispensary will be firm,slip-resistant,and stable.Wherever carpet is used,it will be firmly attached to the floor with a firm and secure pad,cushion,or backing. Customers will check-in at the Reception Area,providing the Receptionist or a Security Guard with their government-issued photo ID. Once the Receptionist or Security Guard has verified the customer’s ID,the customer will be added to the sales queue,and will be asked to sit in the Lobby until a Retail Agent becomes available,allowing IAF to maintain appropriate customer-to-employee ratios in areas where cannabis is present.Seating areas will be accessible to all and include an unobstructed space of 36 inches wide by 48 inches deep to accommodate a wheelchair.Various seating and table configurations will be used in the Lobby,Sales Area,and Break Room to accommodate all abilities.The dispensary will be designed with the accessibility of all customers,employees,and visitors in mind and signs with numbers,letters,symbols,shapes,or colors will be used to clearly identify check-out locations.Contrasting colored floor tiles,arrows,symbols,or shapes will be placed on the floors,walls,or ceilings to direct purchaser traffic through the entrance of the dispensary, the Sales Area, and out the exit. Infinity Assets Fresno — Location Plan | 7 Wall-mounted televisions will display a real-time product menu as well as any available specials or promotions and product information catalogs will be present throughout the Lobby.Customers who have placed an online order will be moved ahead in the queue and brought directly to the Purchasing Counter in the Express Pickup Area when the next Retail Agent is available,expediting the transaction and pick-up process for online orders.IAF will install an electronic entry system leading to the Sales Area to ensure only verified legal customers enter any areas containing cannabis products. Reception Area The Reception Area will be an enclosed room with an open window looking into the Lobby.A Security Guard or Receptionist ​will be stationed at the Reception Area, scanning each customer’s government issued ID to verify that each customer is a legal adult over the age of 21.The Reception Area will feature identification scanning equipment that is directly connected to the point-of-sale system,Meadow,which upon successful validation will automatically add the customer to the sales queue.The Reception Area will have a duress alarm installed beneath the desk,allowing the Security Guard or Receptionist to subtly trigger the alarm and notify law enforcement in the event of an intrusion. Employee ADA Bathroom The ADA-accessible Employee Bathroom will be reserved for dispensary employees only and is located in a limited-access area.The restroom will feature an unobstructed clear turning diameter of a minimum of 60 inches.Accessible lavatory,water closet fixtures, and all grab bars will be installed. Infinity Assets Fresno — Location Plan | 8 Customer ADA Bathroom The ADA-accessible Bathroom will be reserved for verified customers and is located within the Sales Area.The restroom will feature an unobstructed clear turning diameter of a minimum of 60 inches.Accessible lavatory,water closet fixtures,and all grab bars will be installed. Sales Area The Sales Area is a 998 sq.ft.room comprising display cases around the room showcasing each of the products and brands offered for sale.A Retail Agent will be stationed at one of the four point-of-sale terminals connected to Meadow and will conduct the transaction by asking the customer thoughtful questions to learn more about the customer’s product preferences.IAF believes this high-touch style of customer engagement will allow each customer to feel more comfortable asking questions,resulting in greater customer satisfaction,retention and rapport.Customers may ask the attending Retail Agent to see a sample of each product,which will be unlocked from a display case by a Retail Agent and maintained in the Retail Agent’s possession at all times.As products are selected,Retail Agents will add them to the shopping cart within Meadow.Once the customer’s order is complete,the order will be finalized in Meadow and the Retail Agent will begin assembling the order while the customer completes the transaction for the selected products.Wall-mounted televisions will showcase the real-time menu and prices,as well as any specials or promotions available that day.The entire Sales Area will be monitored by a world-class surveillance system, ensuring that orders placed on tablets are recorded from any vantage point. All cannabis and cannabis products that are outside of the Vault during business hours will be stored in locked and secured custom display cases designed to protect the product,stored in their original packaging.These locked cannabis display cases will have an interior alarm system installed that will activate if the display case doors are opened without turning off the alarm.All cannabis product display cases will have a 15mil safety laminate glass top and side to deter any break-in attempts during business hours. Infinity Assets Fresno — Location Plan | 9 Security/Manager’s Office The Security/Manager’s Office will contain a computer and video monitor and will serve as an office for Management needing a separate space to complete daily tasks.This office will be primarily used for secure recordkeeping as well as a place to take calls, place orders,and contact vendors.This office can be utilized to hold meetings and will serve as a quiet space for using computers to develop standard operating procedures or create marketing materials,as examples.The Security/Manager’s Office will ensure records are secured in locked,fireproof cabinets and will allow the dispensary to be monitored from a central location. Quarantine Storage Area IAF will store quarantined products in a separate Quarantine Storage Area within the vault to protect usable cannabis products from contamination.All unusable products will bear a “QUARANTINE”label,and will be kept in locked,odor-limiting quarantine bins housed in the Quarantine Storage Area within the Vault,isolated from the remaining inventory.Quarantine bins will be secured with a lockable lid and will contain a trash bag liner.The trash bag liner will be opaque,waterproof,tamper-evident,and tear resistant.The quarantine bins will be clearly labeled with a red “QUARANTINE”label securely affixed on all four sides of the containers and will be kept in the Quarantine Storage Area until the product contained within can be destroyed.Applicant will record all storage of quarantined products in the State’s verification system and will maintain a detailed log of all damaged and/or unusable product scheduled for destruction at the facility,including the date,type and quantity disposed of,and name and signature of the Retail Agent authorized to conduct the destruction. Non-Cannabis Storage Infinity Assets Fresno — Location Plan | 10 The Non-Cannabis Storage Rooms will contain all non-cannabis supplies such as office supplies and additional cleaning materials. Vault The 286 sq.ft.Vault will be used for all cannabis storage when the dispensary is closed. Access to the Vault will be limited to owners and authorized employees,who may only enter the Vault when accompanied by a minimum of one other authorized employee,as required by IAF’s Two-Person Concept,limiting instances and opportunities for employee collusion and diversion.As a former bank,IAF’s proposed facility is outfitted with a Vault area that is ​constructed with 2’wide concrete masonry blocks on all walls, reinforced with steel rebar,equivalent to Underwriter Laboratories Class 1 burglary standards (UL 608,30 minutes resistance) and a UL Class 350 1-hour fire rating​, exceeding requirements of FMC §9-3310(b)(1)(vii)​.The interior of the walls are lined in heavy duty,1/4"thick wire metal mesh to increase security.The walls and perimeter of the Vault will be equipped with vibration sensors connected to the alarm system.The Vault will only be accessible through a UL Class 1 door constructed with 1/4"plate steel and will have a UL Group 1 lock with re-lockers to protect against impact.The Vault door will be outfitted with a commercial grade dial combination lock and proximity access reader.Authorized individuals will have to use thei​r personal security proximity access card and enter the combination to open the Vault door. Inventory Receiving Area The Inventory Receiving Area is a 114 sq.ft.room to be utilized for incoming cannabis and cannabis product storage during business hours.This area will only store a single day’s quantity of recently delivered cannabis and cannabis products,located on rolling-racks that are easy to move into the product Vault as new inventory is added into the system.Retail Agents will access this room during business hours to process and count incoming products,reducing the number of times per day that the Vault must be opened and promoting a greater security of the dispensary’s total inventory and cash. IAF designed this process to promote efficiency and security,reducing the chance of theft by securing the majority of inventory in the product Vault,completely out of sight from customers. Express Pickup Area Infinity Assets Fresno — Location Plan | 11 The Express Pickup Area is exclusively for customers who have placed an advanced online order. The Express Pickup Area is a 69 sq. ft enclosed room with an open window looking into the Sales Area and is not accessible to the rest of the dispensary. Customers who ordered products online will check-in at the Reception Area, providing the Security Guard or Receptionist with their government-issued photo ID. Once the Security Guard or Receptionist has verified the customer’s ID, a Retail Agent, equipped with a tablet connected to Meadow, will verify the customer's online order and process the transaction. Online orders will be prepared in advance by Retail Agents and stored within the Order Fulfillment Room until the customer arrives to claim the order at the Express Pickup Area. Break Area The Break Area will feature a sink and refrigerator for employee use as well as employee lockers so employees may secure their personal belongings during their shift. This space may also be used by employees eating a meal, taking a required break, and will feature all required Labor Law Posters, emergency room information, Company announcements, updated training requirements, and Company standard operating procedures (SOPs). Information Technology (IT) Room The IT room is a temperature-controlled room that will secure key components of the security system, offering an added layer of security while maintaining appropriate environmental controls for these high-heat emitting pieces of equipment. The IT Room will contain an equipment rack, locking the security servers and backup power source within a steel case to protect this critical equipment in the event of a break-in. Janitorial Closets The Janitorial Closets will store all cleaning supplies, as well as a mop sink, and is located adjacent to the Break Room. Cannabis Delivery Receiving Area The Cannabis Delivery Receiving Area is a vestibule for delivery vehicles located on the north side of the facility under extensive security surveillance and equipped with all required alarms, motion sensors and door locks. Designated employees will enter the Cannabis Delivery Receiving Area to receive cannabis product deliveries. Deliveries will be brought into the vestibule discreetly, entirely out of customer and public view. The licensed distributor delivering the product will enter through a dedicated product delivery door and will be greeted by IAF employees ready to receive the order. IAF employees will assist the distributor’s employees in unloading transport vehicles. Once the product is brought inside of the Receiving Area, employees will begin the inspection and formal receiving process, reviewing the transportation manifest, counting, and inspecting each cannabis container under video surveillance. The delivery will not be formally received Infinity Assets Fresno — Location Plan | 12 in METRC until this inspection and inventory count has been completed.Constant video surveillance will ensure that diversion does not occur during this the last stage of the delivery process,as cannabis products change custody from the distribution company to IAF employees.Finally,this room will also provide quick access to locking waste dumpsters installed outside the facility. Building Design & Prioritization of Safety to Positively Impact the Community IAF will proactively identify ways to deter crime by developing and implementing proven security strategies,assisting law enforcement in the event of any criminal activity.IAF will:1)Install cameras conspicuous on the premises;2)Utilize advanced access control systems;3)Require multiple forms of authorization;and 4)Ensure Security Guards are visible and actively patrolling the premises to discourage criminal activity. The Patrolling Security Guard will help customers and employees feel more secure on the dispensary premises,while deterring potential intruders from entering the premises. IAF acknowledges that crime prevention must be a cornerstone of the Company’s Security Plan,as well as daily operations,and that the presence of Security Guards is proven to discourage diversion.Security Guards will patrol the premises at random intervals,preventing observers with malintent from committing crimes due to IAF having a predictable patrol schedule.The exterior of the building will be well-lit,equipped with motion detectors and motion-detecting lighting systems,as well as alarms and a variety of surveillance cameras designed for exterior use. In speaking with members of the Fresno community,as well as residents in areas where cannabis dispensaries have already opened,the IAF Management Team recognized that the community is concerned about security-related issues.In response to that concern,each area of the proposed dispensary was intentionally designed to combat criminal activities.Further,by installing proven security equipment on the exterior of the building,and by enacting strategic security procedures and policies,IAF is confident the Company can drastically limit opportunities for crime,promoting safety and a greater sense of security within the Fresno community. Dispensary Signage The dispensary will have the following signage,which will be clearly visible and readable by customers entering the dispensary.The signage will be placed directly near the entrance and may be translated into additional languages as needed. 1.No person under the age of twenty-one (21)years of age is permitted to enter upon the premises of the commercial cannabis business, per FMC §9-3309(i)(2); 2.Smoking,ingesting,or otherwise consuming cannabis on the premises or in the areas adjacent to the commercial cannabis business is prohibited,per FMC §9-3309(h)(3). Infinity Assets Fresno — Location Plan | 13 6.2 – FRONT FACING PHOTOGRAPH OF PROPOSED LOCATION Infinity Assets Fresno — Location Plan | 14 6.3 – PREMISES DIAGRAM Located in the City of Fresno northeast District 4,IAF’s proposed dispensary is situated on a well-established,tree-lined boulevard across from the Fashion Fair Shopping Center.The proposed facility sits prominently in a high traffic area at the intersection of E.Shaw Avenue and N.Angus Street in a neighborhood composed of mixed-use retail and service businesses serving multifamily and single-family residential developments, all within walking distance from the proposed dispensary.Originally built for a banking institution,IAF’s proposed 5,636 square foot facility was designed with numerous safety and security features.The building is equipped with a highly secure vault,and the floorplan was designed to readily handle high volume customer traffic. The facility is set in a highly visible,retail-ready commercial location with handicap accessibility and ample parking of 39 spaces dedicated specifically to the property.The proposed facility will be renovated in an aesthetically pleasing manner featuring a clean, modern style,a sloping roofline and creative light placement to add interest to the streetscape.The IAF Ownership Team is committed to renovating the dispensary’s facade in harmony with neighboring businesses and will ensure the premises’exterior is constantly cleaned and maintained to present an attractive curb appeal. Infinity Assets Fresno — Location Plan | 18 SUMMARY COMMUNITY BENEFITS AND INVESTMENTS PLAN IAF will contribute significantly to the Fresno community by utilizing a deliberate,mindful engagement strategy informed by direct feedback from neighborhood businesses and residents.IAF intends to exceed typical business involvement within the City of Fresno, through extensive employee volunteerism in local nonprofit and community-based organizations,and active participation in local civic and social services organizations as a responsible business partner.The Company is also committed to providing financial support to local nonprofit organizations,city-sponsored activities,and community educational, social, and cultural enhancement initiatives. Infinity Assets Fresno — Community Benefits and Investments Plan | 1 PLAN OVERVIEW IAF will prioritize diversity,equity,and inclusion in its hiring practices and will adopt socially conscious business practices to help disadvantaged community members. Strategic recruitment will be implemented to reach communities disproportionately impacted by cannabis prohibition and poverty.IAF will host,sponsor,and participate in local and regional diversity job fairs in order to reach a broader range of candidates.IAF will partner with The Fresno County Public Defender's Office and The National Diversity and Inclusion Cannabis Alliance to host a free expungement clinic to help Fresno residents clear their records of crimes related to cannabis and help pave the way for those who have had trouble finding work due to minor drug-related convictions. IAF will source its proposed dispensary materials,goods,and services from local businesses,vendors,and contractors to support and bolster the Fresno economy.The Company will minimize its proposed dispensary’s carbon footprint through environmental consciousness and conservation in all Company business practices and management of resources to meet and exceed the requirements of all applicable state and local environmental laws and regulations.IAF will support youth-oriented organizations that are educating Fresno’s youth about the realities of cannabis addiction.The Company will provide its selected institutions with financial donations, printed educational materials,organized employee volunteer days,and in-kind donations to help increase youth awareness on the risks of cannabis use and drug addiction. IAF will donate a percentage of the Company’s annual gross profit to support the City of Fresno’s Community Reinvestment Fund,which was established to financially assist economically disadvantaged community members.The IAF Ownership Team understands that achieving positive change will require company-wide commitment and participation to ensure successful implementation of this Community Benefits and Investments Plan. Volunteerism The IAF Ownership Team’s strong belief in volunteerism and the practice of providing time and skills for the benefit of other people and causes rather than for financial benefit are dominant Company principles.Volunteerism ​by all IAF owners,management and dispensary staff will be a significant contribution to the Fresno community.The Company will initially commit four monthly hours per employee ​of volunteer service within the Fresno community,equating to an estimated total of 200 volunteer hours per month.IAF’s volunteer program will include participation in civic and social services organizations whose programs aid underserved populations,and those impacted by cannabis criminalization including public outreach and educational programs.IAF will engage with local Fresno nonprofit and community support organizations to build relationships that yield a list of volunteer opportunities for employee consideration. Employees using their paid volunteer days will be required to select an opportunity from Infinity Assets Fresno — Community Benefits and Investments Plan | 2 7.1 - SOCIAL RESPONSIBILITY PLAN  the list to ensure the volunteer efforts across the Company are aligned. With diligent research through key community organizations, IAF will seek to ensure proper alignment between community needs and the Company principles. Past Community Efforts Outside Fresno Through their combined decades of experience in the California cannabis market, the Ownership Team has embraced the same need for strong community acceptance ​and involvement in Fresno as they have done in other markets where the Company is operational. Engaging in efforts that extend well beyond customer transactions, the Management Team will be closely involved with ensuring that IAF and its staff contribute to associations working to advance underrepresented individuals, emphasizing staff volunteerism, and coordinating with ​philanthropic organizations the Management Team has identified​. Ensuring that local considerations remain a priority for the Company, IAF has a demonstrated record of local engagement that promotes a healthy relationship between the business and its neighbors. IAF’s Ownership Team are longtime California business owners and operators and frequent community volunteers who have an extensive history of taking action to provide philanthropic support to several nonprofit organizations, both within and outside Fresno County. Prior to 2020, IAF’s Ownership Team has directly contributed to the following organizations. Symple Equazion:​As an operator of a cannabis dispensary in the City of Merced, IAF has formed a relationship with Symple Equazion, a 501(c)(3) nonprofit organization that assists at risk youth by providing an interactive learning curriculum focusing on the root causes of behavioral problems and the subsequent negative outcomes and consequences of substance abuse. In July 2020 the IAF team donated towards the construction of a custom built food concession trailer for Symple Equazion to use for its economic development program. This economic development program utilizes the donated food concession trailer as an employment and financial literacy opportunity to assist at risk youth in the Merced community develop skills necessary to enter the workforce. IAF also reserves at no cost, a location at its Merced dispensary to ensure a consistent customer base and revenue stream for the concession truck. Let’s Grow Richmond:​In 2019, IAF’s Security and Facilities Director, Chris Hester, donated to help launch the nonprofit, Let’s Grow Richmond. The organization’s mission is to end hunger in Richmond, CA with a unique initiative in which participants are given a “Cool Green Bag” and encouraged to buy one or two extra non-perishable food cans on every grocery store visit. Participants place the extra food cans in the “Cool Green Bag” and on designated pickup days organization volunteers Infinity Assets Fresno — Community Benefits and Investments Plan | 3 collect the full tote bag and replace it with an empty one.The nonprofit also seeks volunteers to apply to host a tax-deductible vegetable garden bed on their properties. The harvest yield is divided between the volunteer and the City of Richmond,which distributes the vegetables to community members in need. The Rollins Family Foundation:​The Rollins Family Foundation was founded by IAF's Director of Investor Relations and Philanthropy,Phillies All-Star shortstop Jimmy Rollins and his wife Johari.The Foundation is committed to finding solutions to provide children,families and at-risk youth access to fresh food.Originated in Philadelphia,the Foundation has donated significant funding to support initiatives in Pennsylvania,New Jersey and Delaware,including The Food Trust,SHARE Food Program,and St.Christopher’s Foundation for Children -Farm to Families initiative.The Foundation has also actively supported children in need in Philadelphia through the Juvenile Rheumatoid Arthritis Foundation and Prevent Child Abuse PA.The Foundation hopes to raise awareness and support in Jimmy’s Oakland hometown for families in need by partnering with the Walnut Creek Education Foundation,P.E.A.K.Wellness City Challenge,the Contra Costa Food Bank,and the Forma Kids Foundation.The Rollins Family Foundation is a nonprofit 501(c)(3) organization. Boys and Girls Clubs of Alameda:​As an Alumni Hall of Fame member of the Boys Club of Alameda,IAF’s Director of Investor Relations and Philanthropy,Jimmy Rollins,has a strong belief in the role this club plays in a child’s future. Participating in Major League Baseball’s annual public service campaign for the Boys and Girls Clubs of America as well as joining their BE GREAT campaign to increase awareness of these clubs.With a mission of enabling young people,the Boys and Girls Club has increased opportunities for its youth members throughout its existence. Clemente Award for Community Service:​As a recipient of the Roberto Clemente Award in 2014,IAF’s Director of Investor Relations and Philanthropy,Jimmy Rollins, was honored for his contributions both on and off the baseball field including sportsmanship and community involvement.This award is an annual recognition of the MLB player who best represents the game through extraordinary character,community involvement, philanthropy and positive contributions, both on and off the field. Arthritis Foundation:​IAF’s Director of Investor Relations and Philanthropy,Jimmy Rollins,partnered with the Arthritis foundation in 2005 to start the Annual Basebowl Tournament to raise money and awareness for both the Rollins Family Foundation and the Arthritis Foundation.Suffering from symptoms of juvenile arthritis, Mr.Rollins gained a small glimpse into the lives of those who suffer from very severe Infinity Assets Fresno — Community Benefits and Investments Plan | 4 conditions.The Arthritis Foundation focuses on bringing awareness to all three types of arthritis: rheumatoid arthritis, osteoarthritis, and juvenile arthritis. The Johari &Jimmy Rollins Center for Animal Rehabilitation:​After having his dog pass away from a degenerative spinal condition,IAF’s Director of Investor Relations and Philanthropy,Jimmy Rollins,partnered with Saint Francis Veterinary Center to bring expert care to animals in Gloucester County,NJ.The Johari and Jimmy Rollins Center for Animal Rehabilitation offers state of the art rehabilitation services for pets,offering the advanced modalities typically employed in human rehabilitative medicine.The Rollins Center seeks to establish a “gold standard”for veterinary rehabilitation and pain management.In 2013,Saint Francis was recognized with a Certificate of Special Senate Recognition for its “innovative veterinary care and outstanding contributions to the community.” Community Engagement in Fresno After spending a significant amount of time learning about the Fresno community,the IAF Ownership Team has developed an engagement approach that will ensure the Company’s efforts within the community are meaningful,targeted,and aligned with City of Fresno goals. Understand Community Needs​:​IAF’s Chief Executive Officer (CEO),Miguel Rodriguez,Community Engagement &Marketing Director,Nick Rendino,and Community Relations Manager,Scott Morse,are longtime California business owners and operators,and frequent community volunteers designated to take charge of community engagement.They are closely involved in all aspects of the Company’s planning processes and will continue to have a substantial voice in IAF’s operations, ensuring community needs remain a Company priority.Nick and Scott have a long history of community engagement and aim to utilize that experience to build close Fresno neighborhood relationships. Develop and Implement Program​:​Nick and Scott will identify local nonprofits and community groups whose work aligns with IAF’s values and community needs.They will engage with these groups to identify how the Company can best support them,whether through financial donations,organized employee volunteer days,in-kind donations,or other creative contributions.As two prominent owners of the proposed business,Nick and Scott will have the authority to implement any identified opportunity. Community Involvement:​IAF intends to begin connecting with the Fresno community through participation in neighborhood events and nonprofit institutions that provide the Company the opportunity to interface directly with residents.The IAF Ownership Team has identified several community nonprofit institutions for involvement and sponsorship that will support neighbors in need,or are designed to enhance the educational,social, or cultural needs of the neighborhood. Infinity Assets Fresno — Community Benefits and Investments Plan | 5 Non Profit and Community Institutions IAF is committed to donating employee volunteer time to participate in local and state fundraisers,as well as nonprofit organizations activities and events.Support for these organizations may include sponsoring food drives,homeless shelters,and promoting special fundraisers and initiatives for community groups,local schools,organizations of faith,and elected officials.​IAF also plans to join,support,and actively participate in local organizations and associations working to facilitate assistance to underrepresented individuals in Fresno County.IAF’s Ownership Team has a longstanding history of volunteering in the community of Fresno and will use the proposed dispensary as a vehicle to contribute greater resources to these causes. Poverello House Fresno:​Poverello House provides three meals a day,365 days a year to men,women,and families along with services that improve people’s quality of life. These services include clothing distribution,emergency food bags,a medical clinic,the Men’s Resident Rehabilitation program,temporary overnight shelter for men and women, and social services for individuals seeking to end their homeless situation.For the last 10 years,IAF’s Community Engagement and Marketing Director has actively volunteered and donated to this organization and has encouraged the greater team to direct Company resources to further support the Poverello House.Aligning with the IAF team’s goal of creating opportunities for the underprivileged,the Company intends to contribute volunteer hours, as well as financial donations to the Poverello House. Marjaree Mason Center:​As Fresno County’s only dedicated provider of domestic violence shelter and support services for victims and youth,the Marjaree Mason Center supports and empowers adults and their children affected by domestic violence.The organization strives to prevent and end the cycle of abuse through education and advocacy.Established in 1979,the Marjaree Mason Center has worked to provide a safe and supportive environment for individuals exposed to family violence.IAF’s Community Engagement and Marketing Director has been personally involved with volunteer and donation efforts to the Marjaree Mason Center for the past 10 years and will use IAF as a platform for team contributions of financial donations and employee volunteerism. CASA of Fresno County:​Court Appointed Special Advocate (CASA)was originally founded by Superior Court Judge David Soukup of Seattle,WA.This organization’s focus is to be a voice for the communities most at-risk children and has been serving foster youth nationally since 1976 and locally in Fresno since 1996.IAF’s alignment with this Infinity Assets Fresno — Community Benefits and Investments Plan | 6 organization will allow for the team to positively impact the youth foster community, as well as a potential platform for team mentorship opportunities to the older program members as the program targets foster youth up to 20 years of age. IAF’s Community Relations Manager has been involved with this organization through volunteer efforts as well as donations for the last four years and is dedicated to continuing these efforts. Central California Food Bank:Servicing over 220 agencies in Fresno, Madera, Kings, Kern and Tulare Counties as well as providing meals to over 280,000 people a month, the Central California Food Bank delivered over 40 million pounds of food in 2019 to those in need. IAF is committed to providing donations to this organization as 1 dollar donated provides 7 meals to be distributed. Additionally, IAF will encourage its employees to volunteer at the Central California Food Bank to help pack and distribute meals to families in need. IAF’s Director of Community Engagement, Scott Morse has personally donated and volunteered at this organization for the past seven years and was instrumental in the decision-making process to have IAF contribute to this organization. Scott has received a letter of recommendation for his charitable efforts from the Central California Food Bank and a copy is included at the end of this section. Monetary Contributions As potential new business owners in the City of Fresno, IAF’s Ownership Team recognizes the business will only be successful with the support and acceptance of the community. In turn, the business has a responsibility to give back to the community to enable growth and provide essential resources that the City can use to increase quality of life for its residents. To demonstrate its commitment to community well-being, IAF has earmarked an initial minimum of and a maximum of 5% of net income, projected to be upwards of ​, to be donated to community non-profits each quarter, and will continually adjust this amount proportionally to the success of the business. IAF anticipates donating roughly in 2021,in 2022, in 2023, and in 2024. These donations may be financial contributions, or in-kind services to reduce any concerns over accepting financial donations from a cannabis business.​Donations will be allocated based on each organization's needs and alignment with IAF’s business ethics.​IAF’s business policies support and encourage the unique ideas and perspectives of each employee. The Company will solicit employee recommendations for IAF financial support based on their understanding of the needs of their community. The list of organizations to be considered for financial support is not exhaustive. It will be updated and refined as the Company grows and new organizations in need are identified. Partnerships with Fresno Businesses IAF will source from Fresno and immediately surrounding areas to purchase the wide range of materials and services necessary for an enterprise of its size and complexity. Infinity Assets Fresno — Community Benefits and Investments Plan | 7 This will include sourcing products such as packaging,office supplies,technology systems,and business services,such as printing,marketing collateral,equipment installation and facility-related maintenance.IAF will develop working relationships with local businesses,vendors,and contractors who share the Company’s commitment to sustainability,social engagement,and support of enriching the lives of local residents. By engaging with local partners with strong ties to Fresno,IAF aims to positively impact the City's economy,improve perceptions of the cannabis industry,and deploy a robust business model that meets the needs of the community.Upon licensure approval,IAF will ​create a list of preferred local companies with preference for those who are ​also members of the Fresno Chamber of Commerce.Special consideration will be given to small,diverse businesses classified as 1)Women business enterprise (WBE);2) Minority business enterprise (MBE);3)Disabled business enterprise;​4)LGBTQ business enterprise;​or (5)Veteran business enterprise.​IAF will seek business relationships ​that share the Company’s vision and values,specifically those with hiring practices that emphasize diversity,and the hiring of individuals disproportionately impacted by cannabis criminalization.The Company will also seek the services of vendors and companies whose business practices are ​environmentally conscious.The initial list of prospective partners and their specialties includes: ●Alert-O-Lite ​– ​construction equipment and supplies ●Pacific Gas & Electrical​ – ​electrical services ●Pacific Solar Company​ – solar electric services ●Donald P.Dick Air Conditioning ​–a​ppliances,specializing in energy efficient equipment ●ScrubCan Inc.​ – ​janitorial services Responding to Community Concerns:​IAF will provide local law enforcement and all neighboring businesses with all relevant Company contact information,including phone numbers and dedicated email addresses,to ensure immediate notification of any neighborhood concerns.​The Community Relations Manager will proactively develop a rapport with IAF’s neighbors and maintain open lines of communication.​At the time of submission,Security and Facilities Director,Chris Hester,is conversing with the proposed dispensary’s surrounding businesses to understand neighborhood concerns and will continue to contact other neighbors who have been unavailable.Presently,no neighbor has raised concerns over the location of the proposed dispensary and, notably,all businesses approached have demonstrated a willingness to execute a Letter of Support if necessary. Fresno Chamber of Commerce​:As a member of the Chamber that serves Fresno, IAF has already established working relationships with Chamber representatives and fellow members.By hosting Chamber “after-hours”events and other Chamber-affiliated programming,IAF will become actively contributing participants to foster positive growth in the Fresno business community.Ownership Team members have already begun receiving positive feedback and input from Chamber leadership and look forward to continuing this dialogue post-licensure. Infinity Assets Fresno — Community Benefits and Investments Plan | 8 Job Creation and Recruitment Initiatives:​IAF will prioritize diversity,equity,and inclusion in its hiring practices and will adopt socially conscious business practices to help impoverished community members.IAF will train and mentor all personnel in order to ensure a consistent high standard of customer service.The dispensary will publish employee job openings in a variety of media to reach a diverse range of candidates. Strategic recruitment policies will be implemented to ensure job listings effectively reach communities disproportionately impacted by cannabis prohibition and poverty.IAF will seek opportunities to host,sponsor,and participate in local and regional diversity job fairs in order to reach a broader range of candidates.The Company will sponsor or host expungement clinics,assisting individuals previously convicted of low-level cannabis offenses,and offer career support,including interviewing individuals with cannabis-related convictions for open positions.In addition to posting open positions on its website and on social media,IAF will advertise in print publications disseminated in target communities,such as the Vida en el Valle and other multicultural newspapers, and will partner with local organizations,businesses,and technical schools to share job opportunities with community members. Equally Opportunity Employer:​Prospective employees will be welcomed and valued regardless of race,ethnicity,sexual orientation,gender identity,age,language, abilities/disabilities,socioeconomic status,geographic region,or other characteristics. IAF will provide opportunities for candidates to meet with a Company representative to explore employment opportunities and assess how individual skills and prior job experience may translate to a successful career.The Company will give hiring priority to individuals from disproportionately impacted communities and will offer candidates competitive hourly wages and robust health care and benefits packages. Extensive,High-Value Job Training:​To ensure all employees receive the support necessary to flourish in their individual jobs,IAF will continually offer supplementary training and mentorship.Training programs will be developed by analyzing employee performance and identifying gaps in skill and knowledge.The Company will offer optional workshops,as well as classes addressing financial literacy and other life skills that will benefit employees beyond the workplace.While open to all,participation in these programs will be particularly encouraged among minority and female employees. IAF will implement policies that promote diversity and inclusion and will emphasize open lines of communication between employees and the Management Team to identify and address any allegations of discrimination in the Company. As a minority in this industry,the goal of IAF’s Chief Executive Officer,Miguel Rodriguez,is to positively impact those who have been disproportionately affected by cannabis convictions,as well as to create opportunities for marginalized groups who are seemingly being forgotten in the ever evolving cannabis industry.Miguel is dedicated to elevating the lives of these two groups within the local and surrounding regions by providing employee mentorship,as well as continuing education opportunities.Having managed dispensaries longer than most notable figures within the cannabis space, Miguel is constantly refining his wealth of knowledge as this dynamic industry develops. Infinity Assets Fresno — Community Benefits and Investments Plan | 9 Acting as a role model for those around him, Miguel hopes to positively contribute to the development of young professionals in the City of Fresno. By foregoing a traditional top-down corporate approach to communication and providing encouraging support to all employees, the IAF’s Ownership Team is investing in employees’ ability to realize their full potential for growth within the business. IAF’s employees will be treated like family at all times with direct lines of communication open to all​ ​members of the Company. Local Hiring Initiative:IAF is pleased to have the opportunity to open a business in a thriving county and contribute to lowering the local unemployment rate. According to the United States Bureau of Labor Statistics​1​, Fresno’s unemployment rate was measured at 10.4%, relative to the State’s unemployment rate of 11.4% pulled from the August 2020 State of California Employment Development Department’s Labor Market Information Division report​2​. While IAF plans to commence operations with a lean workforce to ensure success, by committing to its 80% local hiring initiative, residents will benefit with employment opportunities as the business grows and succeeds. Due to IAF’s belief in strong job creation, the Company will pay a minimum wage of per hour, which is above the state minimum wage currently at per hour and above the Fresno living wage currently at per hour, effectively putting money back into the community. Tax Revenue to Fresno:​In preparing this application for submission, the IAF Ownership Team reviewed Fresno’s Fiscal Year 2019-20 Adopted Budget and understands the City is hopeful to improve operational budget funding through the collection of cannabis tax revenue. In compliance with Fresno Municipal Code (FMC) § 9-3332(b),​IAF will pay all sales, use, business, and other applicable taxes ​and all license, registration, and other fees required under federal, state, and local law. IAF will maintain transparency at all times by providing any recordkeeping books or documents to the City upon request and will submit an annual report and sworn statement detailing any sales made and taxes paid.​IAF is eager to be a positive, tax paying operation and believes the more successful the dispensary, the more revenue will come to the City. IAF acknowledges the opportunity to operate a cannabis dispensary in the City of Fresno is a privilege and will endeavor to create valuable employment opportunities and generate increased public revenue for the benefit of the community. Total annual tax payments to the City of Fresno will be 4% of gross receipts, or roughly $239,425.00 in 2021, $643,574.00 in 2022, $695,060.00 in 2023, and $729,813.00 in 2024. 1 ​Fresno, CA Economy at a Glance, U.S. Bureau of Labor Statistics (November 2020), https://www.bls.gov/eag/eag.ca_fresno_msa.htm 2 California Labor Market - Current Status, EDD Labor Market Information Division (August 2020), https://www.labormarketinfo.edd.ca.gov/ Infinity Assets Fresno — Community Benefits and Investments Plan | 10 IAF views expungement as a tremendous opportunity to create meaningful change at a very micro level within the community. Within the first year of licensure, IAF will commit to hosting a free expungement clinic to help Fresno residents clear their records of crimes related to cannabis. IAF will partner with The Fresno County Public Defender's Office and The National Diversity and Inclusion Cannabis Alliance (NDICA) to help pave the way for Fresno residents who have had trouble finding work because of minor drug-related convictions on their record. For the past three years NDICA have been implementing and executing programs to expunge criminal records and also provide internships, mentoring, cannabis vocational training, workforce development and job placement. NDICA has been contracted by the Department of Cannabis Regulation as a preferred vendor in their Social Equity Business Development program to create cannabis educational curriculums, technical assistance and business development with populations and communities most harmed by the War on Drugs. To date, NDICA has hosted four expungement clinics in Fresno since March 2019 in partnership with the Fresno County Public Defender's office to help expunge the records of over 1200 people and help them obtain internships and jobs in priority populations within the CalCRG Program Census Tracts throughout Los Angeles, Fresno, and other areas within the census tracts. IAF understands that criminal records create massive barriers to entry to finding meaningful employment that pay living wages, provide benefits, obtain student loans, secure property, or secure business loans. Rebuilding life after incarceration is challenging and recidivism rates are high. Many candidates with prior convictions lack the skills needed to find gainful employment or lack the capital, both social and financial, and technical resources to start a business. In addition to sponsoring the free clinic, IAF has pledged a commitment to NDICA to further support their cause to reduce barriers and help individuals clear their records to obtain internships and jobs. IAF hopes this free clinic will bring attention to the fact that Prop 64 now allows the ability to expunge cannabis-related convictions; many in the Central Valley have not taken advantage of this opportunity due to a lack of awareness. In addition to hosting the free expungement clinic at IAF’s dispensary location, the Company will also host a job fair in tandem to recruit those who are looking for meaningful jobs in the legal and licensed cannabis industry. Infinity Assets Fresno — Community Benefits and Investments Plan | 11 7.1.1 - EXPUNGEMENT CLINICS & OUTREACH EVENTS  7.1.2 -ENVIRONMENTAL SUSTAINABILITY  The IAF Ownership Team will minimize its proposed dispensary’s carbon footprint through environmental consciousness in all Company business practices and management of resources.IAF will exercise cannabis industry and traditional retail best practices to meet and exceed the requirements of all applicable environmental laws and regulations,including the Environmental Protection Agency,California Electronic Waste Recycling Act,and other state and local environmental legislation.IAF will engage a local energy auditor to assist in developing an Environmental Impact Assessment Chart outlining the dispensary’s environmental and conservation procedures.The Company will provide employee training on how the dispensary can positively impact the environment,and ensure employees understand the importance of their roles and responsibilities in furthering IAF’s environmental sustainability business model.IAF personnel will be asked to routinely observe dispensary practices through an environmental lens and to suggest creative solutions for efficiency and conservation. IAF management will conduct quarterly meetings to review the Environment Impact Assessment Chart,evaluate the Company’s environmental practices,goals and outcomes, and revise accordingly. Building and Utilities Conservation Heating and cooling can account for 50%of a building’s energy use.The IAF facility will be insulated and climatized by high-performance heating and air conditioning systems with a programmable thermostat set at 78 degrees Fahrenheit in the summer and 68 degrees Fahrenheit in the winter to significantly reduce heat and air cooling loss and electricity kilowatt hours usage.H​eating and air cooling equipment air filters and Infinity Assets Fresno — Community Benefits and Investments Plan | 12 ventilation ducts will be regularly inspected to prevent blockages.Door and window leaks that can lead to higher energy use will be immediately repaired. Lighting can account for 20%-40%of a dispensary’s energy bill and is a primary area to save energy.Energy-efficient compact fluorescent lamps (CFLs)or light-emitting diodes (LEDs)lighting will be used throughout the building.Employees will be encouraged to use natural daylight instead of powered lighting whenever possible,and to remember to turn off lights when not in use.Motion sensors and timers will be installed in restrooms, closets,and rooms requiring security lighting.Water-efficient fixtures will be installed at all water sources to control flow,and the irrigation system for the premises will be designed and properly regulated to conserve water.Employees will be instructed to properly discard chemicals in designated waste containers and to absolutely never dump chemicals down any sink drain or into the City’s wastewater system. IAF will replace older appliances and electronics with certified energy-efficient appliances,equipment and machines,and computers and monitors will have energy-saving features enabled.Company policy to unplug and switch off chargers and appliances when not in use to limit energy consumption will be enforced.IAF will install an electric vehicle charging station in its parking lot to accommodate those employees and customers driving electric vehicles.In the interest of energy conservation,the Company will improve its proposed facility with the installation of a commercial solar overhead canopy to cover the dispensary’s parking area.​Periodic energy audits will be conducted by management and a local energy auditor to ensure correct measures are in place to reduce the facility’s electrical, gas and water consumption. Infinity Assets Fresno — Community Benefits and Investments Plan | 13 Materials/Equipment Conservation and Recycling IAF will strive to reduce the impact of its internal business practices on the environment by continually assessing the Company’s internal waste,recycling,and materials reuse procedures,and identifying innovative ways to streamline and conserve.IAF will request employees adhere to the following steps to minimize the use of paper: ●Use secure, electronic billing and invoicing; ●Use electronic not paper document storage; ●Print double-sided sheets; ●Reuse scrap paper for tasks, such as note taking; ●Prohibit multiple copies of a document,but rather maintaining one central file for required hard copies; and ●Edit and review documents on the computer screen not on printed paper. Recycling is an integral component of IAF’s Waste Management Program.In addition to recycling common items such as paper,aluminum,cardboard,plastics,and glass,the Company will recycle materials,such as cloth,rubber,and wood.Coffee grounds and filters,tea bags,shredded newspapers,cardboard,paper,and cotton or wool rags will be composted.IAF recognizes frequent upgrades of computers,cell phones,and other electronic equipment cause alarming rates of e-waste,which is very detrimental to the environment.When possible,the Company will donate usable electronic equipment to educational programs and any unwanted equipment,furniture,and office supplies to local charities or to social equity qualified cannabis operators to ensure minimal waste and maximum benefit to the Fresno community.If IAF is unable to donate these items, the Company will use environmentally-friendly disposal options. Transportation Conservation In order to reduce gasoline use and the negative effect vehicles have on the environment,IAF will implement an Employee Alternative Transportation Program that will reward personnel for commuting to work by public transportation,by bicycle,or by participating in a carpool or rideshare.IAF will install bicycle racks in a secure area for employee use.Company at-home delivery routes will be carefully mapped to conserve gasoline and reduce time on the local roadways.IAF will request employee business travel be curbed whenever feasible,and will encourage conference calling,web conferencing, webinars, and other forms of virtual meetings. Environmentally Friendly Products and Services In keeping with its sustainable business model,IAF management will purchase recycled content products,bio-based products,energy and water efficient products,fuel efficient vehicles or those that operate with alternative fuel,products manufactured using renewable energy,and product alternatives to hazardous or toxic chemicals.The Infinity Assets Fresno — Community Benefits and Investments Plan | 14 Company will identify products that are manufactured locally with local raw materials to help reduce adverse transportation-related impact from carbon emissions and fuel use. IAF will create a supply chain of local vendors and service providers who are able to demonstrate a commitment to environmentally conscious business practices, including but not limited to, responsible, eco-friendly production and delivery methods. All IAF product purchasing decisions will depend upon the following criteria: ●The type of material the product is made from; ●If the product and packaging are made from recycled or reclaimed materials; ●If the product is biodegradable or compostable; and ●If the product is produced locally. IAF management will brainstorm with local business partners to develop new and improved “green” practices that promote environmental protection, conservation, and a healthy environment for the Company’s employees, customers and neighbors. IAF has obtained a letter of intent to purchase its proposed cannabis retail facility, located at 618 E. Shaw Ave, Fresno, CA 93710. The property is situated on the signalized NE corner of E. Shaw Ave., and N. Angus St., easily accessible via Yosemite Freeway (CA State Route 41) and Sierra Freeway. The proposed location is currently owned and operated by a community bank and does not qualify as a vacant building, brownfields land or a distressed property, however, IAF will remodel the building to ensure its aesthetic blends with the surrounding area. IAF has a proven history of revitalizing distressed properties and will continue to improve the building and surrounding area of this proposed dispensary location. Earlier this year, IAF committed to a city beautification project in Downtown Merced to support the rejuvenation of the Downtown Arts and Entertainment District. IAF enlisted world renowned muralist John Pugh to complete an art installation on an old dilapidated wall at IAF’s Merced dispensary site at 811 W. Main Street. Since the project's inception IAF has spent over in the creation and installation of the project and is expected to be completed in the first quarter of 2021. IAF plans to work with the Fresno Arts Council to identify a location to install a mural that would reflect Fresno’s rich history. Infinity Assets Fresno — Community Benefits and Investments Plan | 15 7.1.3 - UTILIZATION OF UNUSED AREAS  Public Health Outreach and Educational Program Private sector support of meritorious,nonprofit substance abuse prevention and treatment organizations has become an important public health initiative for purpose-driven companies.National government officials,business entities,and nonprofit organizations have increased and successfully advanced their efforts to raise substance abuse awareness and provide tangible prevention and treatment services. Statewide,regional,and local initiatives implemented by nonprofit organizations are made possible through grants and financial support from companies with a vested interest like IAF.The Ownership Team understands the tremendous need for public educational programs that define the risks of youth cannabis use and the development of supportive resources for local youth related to drugs and drug addiction.Having been involved in many drug prevention programs and activities in other cities where they have operated businesses,the IAF Ownership Team intends to share their experience and resources to support drug abuse prevention programs in the City of Fresno. IAF has identified specific youth-oriented organizations,which are educating Fresno’s youth about the realities of cannabis addiction and provide access to local and state-wide resources related to substance abuse.IAF will participate in these selected organizations by merit of their standing in the community to help increase youth awareness on the risks of cannabis use and drug addiction. Infinity Assets Fresno — Community Benefits and Investments Plan | 16 7.2 - COMMUNITY & YOUTH MITIGATION OUTREACH & EDUCATION TRAINING  The IAF Ownership Team has begun identifying and communicating with Fresno nonprofits,community groups,and civic organizations whose missions and work align with IAF’s desire to actively contribute to youth drug abuse prevention.IAF will provide its selected institutions with financial donations,printed educational materials,organized employee volunteer days, in-kind donations, and other creative contributions. Youth Educational Benefits Because cities in which youth programs play a significant role in substance-abuse prevention have the opportunity to reach out through effective channels,IAF plans to provide resources related to drug-addiction prevention in Fresno youth programs and,if permitted,the City of Fresno neighborhood youth centers.Youth organizations initially identified for IAF support include: Boys &Girls Clubs of Fresno County:Previously mentioned in this section,IAF’s Director of Investor Relations and Philanthropy, Jimmy Rollins,is passionate about the Boys &Girls Clubs. Continuing the team’s alignment with this group at a local level in Fresno is a direct result of Jimmy’s relationship with the organization and the role it played for his development as a member.The mission of this organization is to enable all young people,especially those who need them most,to reach their full potential as productive,caring,responsible citizens,with a core promise to provide a safe, positive place and have a significant impact on the lives of its youth members. Central Valley Teen Challenge:​Founded in 2014,the Central Valley Teen Challenge is the first chapter serving Fresno.The greater organization was established in 1964 with the goal of providing a constructive space for youth who need assistance with substance abuse recovery.In 2019,the program served over 200,000 men, women and children in Southern California through resident and outreach programs.Providing its services free of charge, the organization relies on donations to continue to serve the community. Comprehensive Youth Services of Fresno: Dedicated to providing a full range of prevention, intervention,treatment and educational services to help abused and at-risk children and their families, Comprehensive Youth Services of Fresno has worked for more than 40 years to eliminate child abuse and neglect to strengthen families in Fresno. IAF’s alignment with this organization continues their goal to better serve the local community. Infinity Assets Fresno — Community Benefits and Investments Plan | 17 Symple Equazion:​Previously mentioned in the ​Past Community Efforts Outside of Fresno section, IAF has formed a relationship with Symple Equazion, a 501(c)(3) nonprofit organization that assists at risk youth by providing an interactive learning curriculum focusing on the root causes of behavioral problems and the subsequent negative outcomes and consequences of substance abuse. In July 2020 the IAF team donated towards the construction of a custom built food concession trailer for Symple Equazion to use for its economic development program. This economic development program utilizes the donated food concession trailer as an employment and financial literacy opportunity to assist at risk youth in the Merced community develop skills necessary to enter the workforce. IAF also reserves at no cost, a location at its Merced dispensary to ensure a consistent customer base and revenue stream for the concession truck. Furthermore, IAF has been working closely with CEO, Kelly Turner in developing an educational program that informs youth of the risks of consuming cannabis at an early age. IAF and Kelly have been enlisting educational and medical experts to ensure the effectiveness of the program and are currently developing a strategy to apply for grants that would allow for broad implementation of the program. A letter of support signed by Kelly is included at the end of this section. IAF will also make available to community parents detailed educational information via the Company’s website and printed materials on the potential side effects and safety issues related to cannabis, including signs and symptoms of youth substance abuse. The IAF Ownership Team recognizes the numerous opportunities and benefits its members have received during their nearly 100 combined years as business operators, which have helped facilitate their respective business successes and financial achievements. In the spirit of “pay it forward” IAF is committed to contributing to the City of Fresno’s Community Reinvestment Fund (Fund), which was established to financially assist economically disadvantaged community members. The intent of the Fund is to address social and economic inequality through new financial solutions that help empower underprivileged community members to build sustainable business enterprises that inspire systemic neighborhood change. Offering a pathway to prosperity in the City’s cannabis industry, the Fund provides prospective licensee applicants waived fees and licensing savings. Applicant majority ownership criteria for a cannabis business license under the Fresno equity ordinance must meet one of seven criteria, primarily based on income level and prior conviction(s) for cannabis crimes. Infinity Assets Fresno — Community Benefits and Investments Plan | 18 7.3 - COMMUNITY REINVESTMENT FUND SUPPORT  In order to support the City of Fresno’s plan to provide access and opportunity for generational wealth and prosperity for those residents harmed by drugs, impoverishment, lack of education, or racial prejudice, IAF will annually contribute monetary donations to the Community Reinvestment Fund. Each cannabis business licensee financially benefiting from the Fund must hire 30% of its employees who fit into one of five categories: 1) Has a low-income; 2) Was convicted for a prior cannabis crime that would now be either a misdemeanor or citation; 3) Has lived in a low-moderate income census tract for three or more years; 4) Is a U.S. military veteran; or 5) Is a former foster home youth. As potential new business owners in Fresno, IAF’s leadership recognizes that the business will only be successful with the support and buy-in of the community. In turn, the business holds a responsibility to give back in an effort to enable growth and provide essential resources the city can use to increase quality of life for residents. To demonstrate its commitment to the area’s well-being, IAF has earmarked 1% of gross revenue totaling roughly over the forecast period, to be donated to the Fund annually, but will continually adjust this amount proportionally to the success of the business. IAF projects to be donated in 2021,to be donated in 2022,to be donated in 2023, and to be donated in 2024, but will make actual donations dependent on true sales figures. All monetary donations to the Fund will be distributed to the participants at the City of Fresno’s discretion. The Company’s financial contributions to the Fund will provide dollars needed by Fund participants to provide avenues for those disadvantaged community members desiring to bring significant change in their lives and their community. IAF intends to become a vital member of the Fresno community offering time and resources, with a passionate commitment to the betterment of its proposed dispensary’s neighborhood. Community involvement and volunteering time are core Company values and will be required of all IAF employees in order to instill a sense of respect and appreciation for the Fresno community. The Company is committed to providing financial support to local nonprofit organizations, City-sponsored activities, and community educational, social and cultural enhancement initiatives. Socially conscious hiring practices will be implemented, including offering employment opportunities to the local workforce and disadvantaged community members. IAF will host, sponsor, and participate in local and regional diversity job fairs in order to reach a broader range of candidates, and strategic recruitment will be implemented to reach those disproportionately impacted by cannabis criminalization and poverty. IAF will host a free expungement clinic to help Fresno residents clear their records of crimes related to cannabis and help pave the way for those who have had trouble finding work due to minor drug-related convictions. Infinity Assets Fresno — Community Benefits and Investments Plan | 19 SUMMARY Through environmental consciousness and conservation, IAF will reduce the proposed dispensary’s carbon footprint on the Fresno area by implementing best practices in public utility use, equipment and material recycling, at-home delivery transportation, and use of environmentally-friendly products and services. An Employee Alternative Transportation Program that rewards personnel for commuting to work by public transportation, bicycle, carpool or rideshare will be implemented. IAF will source its proposed dispensary materials, goods and services from local businesses, vendors, and contractors to support and bolster the Fresno economy. IAF will provide selected youth-oriented organizations financial donations, printed educational materials, organized employee volunteer days, and in-kind donations to help increase local youth awareness on the risks of cannabis use and drug addiction. IAF will donate 1% of the Company’s annual gross profit to support the City of Fresno’s Community Reinvestment Fund, which was established to financially assist economically disadvantaged community members. The IAF Ownership Team understands that achieving positive change will require company-wide commitment and participation and is committed to the successful implementation of this Community Benefits and Investments Plan. In seeking to create an overall positive economic impact, the Company is open to further input on community benefits initiatives beyond this Plan and will continually seek feedback from community members and City representatives in order to maintain productive and effective community benefit initiatives. Infinity Assets Fresno — Community Benefits and Investments Plan | 20 August18,2020 Kelly Turner, President Symple Equazion, Inc. 1840 T Street Merced, CA 95340 www.sympleeguazion88.com Dear Sir, Symple Equazion is a 501 (c)(3), and has been since its inception on June 2011. Our work isfocused 0&1 assisting at-a'isk youth through utilization of an interactive learning curriculum focusing on the root caiuse(s) of behaviors, not simply the symptoms, and the subsequent negative outcomes and consequences of poor decision-making. We also provide no cost housing for homeless young ladies, 18-24 years of age. Symple Equazion remains committed to providing essential services in our community. To continue providing these services, it has become vital to create financial sustainability. To ensure we remain grounded in the community, Symple Equazion has developed an economic development program to include work readiness training and employment opportunities for our participants. Approximately three years ago, lnfin•ity Assets, LLC approached Symple Equazion with an offer to don.ate funds for the purpose of ensuring Symple l::quazion's economic development program would have the tools and resources necessary to sustain operations and support a work readiness program. Infinity p�edged to donate funds to purchase a food concession truck for the work readiness program after discussions with SE regarding expansion of its mission to provide additional essential services to the Merced community and surrounding areas. In July 2020, Infinity donated funds to pay for construction of a custom built food concession trailer for Symple Equazion. Moreover, Infinity Assets LLC has gone the extra mile by offering an additio01al donation to cover all start-up costs associated with the new work readiness program. Providing work readiness training and employment opportunities to our participants will change countless lives and affect positive change within our community for many years to come. Infinity's commitment and integrity to donate �o SE and our commu,nity is a gift that will truly continue to give. We proudly partner with Infinity Assets, LLC. Their name truly reflects their actio,ns, as they are an "Asset" to our community. Should you have an y questions, please feel tree to contact me using the information provided above. Sincerely, Infinity Assets Fresno — Community Benefits and Investments Plan | 21 December 1, 2020 To Whom it may Concern: It is my pleasure to provide this letter of recommendation for Scott Morse. I have known Scott for more than 7 years, and in that time, I have greatly enjoyed our association. Not only has Scott been an amazing supporter of our efforts at Central California Food Bank, he brings such a fun spirit to our events as a sponsor. I truly feel we have become friends through the process. Scott is a genuinely caring and giving person, always putting the needs of others before his own. Before he lends his support to a project or cause, he puts careful thought into it, ensuring his efforts make the most effective impact. Over the past several years, Scott has been an exemplary partner in the fight against hunger, providing hundreds of thousands of meals through his kind support. Scott doesn’t simply have a passion for people – he turns his passion into compassion – taking action and making a difference in our community. And, in doing so, encourages and inspires others to do the same. Scott has such a “can do” attitude, I know I can always depend on him to be as supportive as possible no matter the need. I know that our partnership and friendship will continue to grow into the future, something to which I am greatly looking forward. Scott would be an incredible asset to any team, organization or partnership – and will give everything he has to give! I am honored to recommend him without reservation. Most Sincerely, Renée Nuanes, Events Manager Central California Food Bank | 4010 E. Amendola Dr. Fresno, CA 93725 | 559-237-3663 |www.ccfoodbank.org Infinity Assets Fresno — Community Benefits and Investments Plan | 22 PLANNING AND DEVELOPMENT DEPARTMENT 2600 Fresno Street • Third Floor Jennifer K. Clark, AICP, Director Fresno, California 93721-3604 (559) 621-8277 FAX (559) 498-1026 November 19, 2020 Please reply to: Rob Holt (559) 621-8056 Chris Hester Dear Applicant: SUBJECT: ZONING INQUIRY NUMBER P20-04240 REQUESTING INFORMATION REGARDING CANNABIS RETAIL FOR PROPERTY LOCATED AT 618 EAST SHAW AVENUE (APN 418-091-09) Thank you for your inquiry regarding the allowance of new cannabis retail uses. The requested information about cannabis retail uses was analyzed using Article 27, Chapter 15 of the Fresno Municipal Code (FMC) of the City of Fresno. Please note, all research for this inquiry is based on existing land development of the subject property. If there are multiple buildings on the subject property, this research was based on the address provided in the request. This research does not take into effect of future development unless provided in your application request. With that, research of a proposed cannabis retail business on the subject property conveys the following: 1. All cannabis retail businesses must be located on property zoned DTN (Downtown Neighborhood), DTG (Downtown General), CMS (Commercial Main Street), CC (Commercial Community), CR (Commercial Regional), CG (Commercial General), CH (Commercial Highway), NMX (Neighborhood Mixed-Use), CMX (Corridor/Center Mixed- Use), RMX (Regional Mixed-Use), and must meet all of the requirements for development in these zones, including, but not limited to, parking, lighting, building materials, etc. The subject property is zoned CMX, which is one of the allowable zone districts for cannabis retail businesses. Development standards of the CMX zone district are available in Sections 15-1103, 15-1104, and 15-1105 of the FMC. The subject location meets the zone district requirement, per Section 15-2739.B.1.a of the FMC, for a cannabis retail business. 2. All building(s) in which a cannabis retail business is located shall be no closer than 800 feet from any property boundary containing the following: (1) A cannabis retail business; (2) A school providing instruction for any grades pre-school through 12 (whether public, private, or charter, including pre-school, transitional kindergarten, and K-12); (3) A day care center licensed by the state Department of Social Services that is in existence at the time a complete commercial cannabis business permit application is submitted; and, (4) A youth center that is in existence at the time a complete commercial cannabis business permit is submitted. Zoning Inquiry P20-04240 618 East Shaw Avenue Page 2 November 19, 2020 The subject property is not located within 800 feet of the property boundary of any of the above-mentioned uses. The subject building meets the separation requirements, per Section 15-2739.B.1.b of the FMC, for a cannabis retail business. 3. Prior to commencing operations, a cannabis retail business must obtain a Cannabis Conditional Use Permit from the Planning and Development Department per Section 15- 2739.N of the FMC. 4. No more than 2 cannabis retail businesses may be located in any one Council District. If more than 14 are ever authorized by Council (more than 2 per Council District), they shall be dispersed evenly by Council District. The subject property is in Council District 4. There are currently no cannabis retail businesses located in Council District 4. This location requirement is satisfied for a cannabis retail business. Please review the entirety of Article 33, Chapter 9 (Cannabis Retail Business and Commercial Cannabis), and Section 15-2739 (Adult Use and Medicinal Cannabis Retail Business and Commercial Cannabis Business) of the FMC to understand other requirements of cannabis retail businesses, including but not limited to, application requirements, signage, etc. This information was researched by the undersigned per the zoning request. The undersigned certifies that the above information contained herein is believed to be accurate and is based upon, or relates to, the information supplied by the requestor. The City of Fresno assumes no liability for errors and omissions. All information was obtained from public records held by the Planning and Development Department. A copy of the Fresno Municipal Code may be obtained by contacting the City Clerk’s office at 559-621-7650. The Fresno Municipal Code may also be searched on the Internet, free of charge, by going to www.fresno.gov. If you have questions regarding this matter, please contact me by telephone at 559-621-8056 or at Robert.Holt@fresno.gov. Cordially, Rob Holt, Planner III Development Services Division Planning and Development Department November 25, 2020 Jeff Pulver 145 Kuss Road Danville, CA 94526 Re: Letter of Commitment to Develop a Retail Cannabis business in Fresno, California Dear Mr. Scott Morse, I am writing to express my support for the Infinity Assets Fresno cannabis retail cannabis application to develop a state-of-the-art retail cannabis facility at 618 E. Shaw Ave. Fresno, CA 93710. Infinity Assets Fresno is a Limited Liability Company that seeks to engage in any lawful act or activity for cannabis retail sales under the California Revised Uniform Limited Liability Company Act. Jeff Pulver will provide the following services in conjunction with the proposal submitted by Infinity Assets Fresno to the City of Fresno: •· Jeff Pulver will help develop and sustain the Infinity Assets Fresno facility by advising on high-level company initiatives and business development strategy. •Jeff Pulver will support with investor relations efforts and continue to ensure there is a plan to maintain adequate capital for the business' operations at all times .. Jeff and Debora Pulver are excited to support this proposal by Infinity Assets Fresno by leveraging the following resources: •Invest in the project•Assist as needed in securing future funds Jeff Pulver will work collaboratively with Infinity Assets Fresno to ensure our goals are aligned with the goals of the City's cannabis business application and regulations, including providing adequate documentation for proof of capitalization. We believe our support and commitment will significantly improve the availability of high-quality legal cannabis in the City of Fresno and we look forward to working with you on this exciting endeavor. We wish you luck on your application. Sincerely, � Q ___ Jeff Pulver Proof of Funds Letter 10 60