10% CONVERTIBLE PROMISSORY NOTE OF UNITED CANNABIS CORPORATIONConvertible Note • December 22nd, 2015 • United Cannabis Corp • Pharmaceutical preparations • California
THIS NOTE is a duly authorized Convertible Promissory Note of United Cannabis Corporation a corporation duly organized and existing under the laws of the State of Colorado (the “Company”), designated as the Company's 10% Convertible Promissory Note in the principal amount of $500,000 (the “Note”). This Note will become effective only upon execution by both parties and delivery of the first payment of consideration by the Lender (the “Effective Date”).
UNITED CANNABIS CORPORATION SECURITY AGREEMENTSecurity Agreement • December 22nd, 2015 • United Cannabis Corp • Pharmaceutical preparations • California
This Security Agreement (the “Agreement”) is made as of December 11, 2015 by and between United Cannabis Corporation, a Colorado corporation (the “Debtor”), in favor of Tangiers Investment Group, LLC, a Delaware limited liability company (the “Secured Party”).
