GENERAL CANNABIS CORP. WARRANT TO PURCHASE SHARES OF COMMON STOCKWarrant Agreement • August 3rd, 2015 • General Cannabis Corp • Oil & gas field services, nec
THIS WARRANT (the “Warrant”) certifies that, for value received, Evans Street Lendco, LLC, or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Issuance Date”) and on or prior to the close of business of the twenty-ninth (29th) month after the Initial Issuance Date (the “Expiration Date”) but not thereafter, to subscribe for and purchase from General Cannabis Corp., a Colorado corporation, f/k/a Advanced Cannabis Solutions, Inc. (the “Company”), up to two hundred twenty-five (225,000 shares) (as subject to adjustment hereunder, the “Warrant Shares”) of the Company’s $0.001 par value common stock, (“Common Stock”). The purchase price of one share of Common Stock under this Warrant shall be equal to one dollar and twenty cents ($1.20) (the “Purchase Price”), subject to adjustment hereunder (the “Exercise Price”).
SECURITIES EXCHANGE AGREEMENTSecurities Exchange Agreement • August 3rd, 2015 • General Cannabis Corp • Oil & gas field services, nec • New York
THIS SECURITIES EXCHANGE AGREEMENT (the “Agreement”) is dated as of July 29, 2015, by and between GENERAL CANNABIS CORP., a Colorado corporation (the “Company”) and EVANS STREET LENDCO, LLC, (the “Investor”) (together, the “Parties”).
