GENERAL CANNABIS CORPORATION. SERIES B WARRANT TO PURCHASE SHARES OF COMMON STOCKGeneral Cannabis Corp • September 26th, 2016 • Services-detective, guard & armored car services
THIS Series B WARRANT (the “Warrant”) certifies that, for value received, ________________ or his 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 Corporation., a Colorado corporation, (the “Company”), up to [ ] shares (as subject to adjustment hereunder, the “Warrant Shares”) of the Company’s $0.01 par value common stock, (“Common Stock”). The purchase price of one share of Common Stock under this Warrant shall be equal to $0.70, subject to adjustment hereunder (the “Exercise Price”).
FORM OF SECURITY AGREEMENTForm of Security Agreement • September 26th, 2016 • General Cannabis Corp • Services-detective, guard & armored car services • Colorado
This SECURITY AGREEMENT, dated as of September 21, 2016 (this “Agreement”), made by and between GENERAL CANNABIS CORPORATION, a Colorado corporation (the “Grantor”), in favor _______________, (the “Secured Party”).
GENERAL CANNABIS CORPORATION. SERIES A WARRANT TO PURCHASE SHARES OF COMMON STOCKGeneral Cannabis Corp • September 26th, 2016 • Services-detective, guard & armored car services
THIS Series A WARRANT (the “Warrant”) certifies that, for value received, ________________ or his 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 Corporation., a Colorado corporation, (the “Company”), up to [ ] 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 $0.35 per share, subject to adjustment hereunder (the “Exercise Price”).
GENERAL CANNABIS CORPORATION PROMISSORY NOTE AND WARRANT PURCHASE AGREEMENT September 21, 2016Note and Warrant • September 26th, 2016 • General Cannabis Corp • Services-detective, guard & armored car services • Colorado
This Promissory Note and Warrant Purchase Agreement (the “Agreement”) is made as of the 21st day of September 2016 by and between General Cannabis Corporation, a Colorado corporation (the “Company”) and each of the purchasers listed on Exhibit A attached to this Agreement (each a “Purchaser” and together the “Purchasers”).
