GENERAL CANNABIS, CORP. WARRANTS TO PURCHASE SHARES OF COMMON STOCKWarrant • August 26th, 2016 • General Cannabis Corp • Services-detective, guard & armored car services
THIS WARRANT (the “Warrant”) certifies that, for value received, _________ 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 Exercise Date”) and on or prior to the close of business of the thirty-six (36th) month after the Initial Exercise Date (the “Expiration Date”) but not thereafter, to subscribe for and purchase from General Cannabis, Corp., a Colorado corporation (the “Company”), up to 50,000 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 seventy-eight cents ($0.78) (the “Purchase Price”), subject to adjustment hereunder (the “Exercise Price”).
