0001144204-11-011986 Sample Contracts

REORGANIZATION AND ASSET ACQUISITION AGREEMENT
Reorganization and Asset Acquisition Agreement • March 1st, 2011 • General Cannabis, Inc. • Retail-drug stores and proprietary stores • California
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EMPLOYMENT AGREEMENT
Employment Agreement • March 1st, 2011 • General Cannabis, Inc. • Retail-drug stores and proprietary stores • California

This Employment Agreement is entered this 19th day of November, 2010, by and between LC Luxuries Ltd., a Nevada corporation (the “Employer”), and Justin Hartfield, hereinafter referred to as “Employee,” in consideration of the mutual promises made herein, agree as follows:

EMPLOYMENT AGREEMENT
Employment Agreement • March 1st, 2011 • General Cannabis, Inc. • Retail-drug stores and proprietary stores • California

This Employment Agreement is entered this 10th day of January, 2011, by and between General Management Solutions, Inc., a California corporation (the “Employer”), and James Johnson, hereinafter referred to as “Employee,” in consideration of the mutual promises made herein, agree as follows:

FIRST AMENDMENT TO SECURED PROMISSORY NOTE
Secured Promissory Note • March 1st, 2011 • General Cannabis, Inc. • Retail-drug stores and proprietary stores

This First Amendment to Secured Promissory Note (this “Amendment”) is made and entered into as of this 22nd day of February, 2011 by and between General Cannabis, Inc. (f/k/a LC Luxuries Limited), a Nevada corporation (the “Company”) and Justin Hartfield, an individual (the “Holder”).

CONSULTING AGREEMENT
Consulting Agreement • March 1st, 2011 • General Cannabis, Inc. • Retail-drug stores and proprietary stores • California

This Consulting Agreement (this “Agreement”) is made and entered into as of this 19th day of November, 2010 by and between LC Luxuries Limited, a Nevada corporation (the “Company”) and Douglas Francis, an individual (the “Consultant”).

SECURITY AGREEMENT
Security Agreement • March 1st, 2011 • General Cannabis, Inc. • Retail-drug stores and proprietary stores • California

This SECURITY AGREEMENT is dated as of November 19, 2010 by and between LC Luxuries Limited, a Nevada corporation (“LCLX”) and LC Merger Corp., a Nevada corporation and a wholly owned subsidiary of LCLX (“LC Merger Sub” and, together with LCLX, “LCLL”) on the one hand, and on the other hand, Justin Hartfield, Keith Hoerling and Douglas Francis (each a “Secured Party”, and collectively, the “Secured Parties”), and Justin Hartfield as the “Collateral Agent” (as defined in Section 1 herein below).

FIRST AMENDMENT TO SECURED PROMISSORY NOTE
Secured Promissory Note • March 1st, 2011 • General Cannabis, Inc. • Retail-drug stores and proprietary stores

This First Amendment to Secured Promissory Note (this “Amendment”) is made and entered into as of this 22nd day of February, 2011 by and between General Cannabis, Inc. (f/k/a LC Luxuries Limited), a Nevada corporation (the “Company”) and Keith Hoerling, an individual (the “Holder”).

FIRST AMENDMENT TO CONSULTING AGREEMENT
Consulting Agreement • March 1st, 2011 • General Cannabis, Inc. • Retail-drug stores and proprietary stores

This First Amendment to Consulting Agreement (this “Amendment”) is made and entered into as of this 22nd day of February, 2011 by and between General Cannabis, Inc. (f/k/a LC Luxuries Limited), a Nevada corporation (the “Company”) and Douglas Francis, an individual (the “Consultant”).

ASSIGNMENT OF MANAGEMENT SERVICES AGREEMENT
Assignment of Management Services Agreement • March 1st, 2011 • General Cannabis, Inc. • Retail-drug stores and proprietary stores

THIS ASSIGNMENT OF MANAGEMENT SERVICES AGREEMENT (the “Assignment”) is made this 3rd day of December, 2010, by and between Synergistic Resources, LLC, a California limited liability company (“Assignor”), and General Health Services, Inc., a California corporation (the “Assignee”).

MANAGEMENT SERVICES AGREEMENT
Management Services Agreement • March 1st, 2011 • General Cannabis, Inc. • Retail-drug stores and proprietary stores • California

This Management Services Agreement (“Agreement”) is made as of March 1, 2008 (“Effective Date”), by and between Kien P. Tran, M.D., Inc. (hereinafter “Practice”), and Synergistic Resources, LLC (hereinafter “Manager”), individually referred to at times as the “Party” or collectively as the “Parties.”.

EMPLOYMENT AGREEMENT
Employment Agreement • March 1st, 2011 • General Cannabis, Inc. • Retail-drug stores and proprietary stores • California

This Employment Agreement is entered this 19th day of November, 2010, by and between LC Luxuries Ltd., a Nevada corporation (the “Employer”), and Keith Hoerling, hereinafter referred to as “Employee,” in consideration of the mutual promises made herein, agree as follows:

LOCK-UP AGREEMENT
Lock-Up Agreement • March 1st, 2011 • General Cannabis, Inc. • Retail-drug stores and proprietary stores • California

THIS LOCK-UP AGREEMENT (this “Agreement”) is made and entered into as of this 19th day of November, 2010 (the “Effective Date”) by and among LC Luxuries Limited, a Nevada corporation (“LCLX” or the “Company”), on the one hand, and Justin Hartfield, an individual (“Hartfield”) and Keith Hoerling, an individual (“Hoerling” and, together with Hartfield, each a “Shareholder” and collectively the “Shareholders”), on the one hand. The Company and the Shareholders shall be referred to as a “Party” and collectively as the “Parties.”

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