COMPENSATION NOTE Principal Amount: $100,000.00 Issuance Date: February 12, 2020Compensation Note • July 21st, 2020 • Cannabis Global, Inc. • Biological products, (no disgnostic substances)
FOR VALUE CONSIDERATION relative to Independent Consulting Agreement between MCTC Holdings, Inc. and New Horizon Laboratory Services, Inc., ("New Horizons") a Wyoming Corporation, dated February 12, 2020, MCTC HOLDINGS, INC., a Delaware corporation (the "Company"), hereby promises to pay to the order New Horizons or the Holder assigned (the "Holder") the amount set out above as the Principal Amount when due, whether upon the Maturity Date (as defined herein), any acceleration, redemption or otherwise (in each case in accordance with the terms hereof) and to pay interest ("Interest") on any outstanding Principal at the applicable Interest Rate from the date set out above as the Issuance Date (the "Issuance Date") until the same becomes due and payable, whether upon a Repayment Date, the Maturity Date or acceleration, conversion, redemption or otherwise (in each case in accordance with the terms hereof). This Long Term Compensation Note was issued pursuant to the Independent Consulting A
MODIFICATION OF INDEPENDENT CONSULTING AGREEMENTIndependent Consulting Agreement • July 21st, 2020 • Cannabis Global, Inc. • Biological products, (no disgnostic substances) • California
This Modification of Independent Consulting Agreement ("Agreement"), dated this 18th day of July 2020, is by and between Cannabis Global, Inc. a Nevada Corporation having a principal place of business at 520 South Grand Avenue, Ste. 320, Los Angeles, CA 90071 ("CGI"), and New Horizons Laboratory Services, Inc., a Wyoming corporation, having a principal place of business at 1077 Pacific Coast Highway #146, Seal Beach, CA 90740 ("New Horizons"). Both CGI and New Horizons may be individually referred to as a “Party” and collectively referred to as the “Parties.”
