GENERAL CANNABIS CORPORATION SERIES 2018 WARRANT TO PURCHASE SHARES OF COMMON STOCKWarrant Agreement • April 26th, 2018 • General Cannabis Corp • Services-detective, guard & armored car services
THIS SERIES 2018 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 twenty-fourth (24th) 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 $2.35 per share, subject to adjustment hereunder (the “Exercise Price”).
FORM OF SECURITY AGREEMENTSecurity Agreement • April 26th, 2018 • General Cannabis Corp • Services-detective, guard & armored car services • Colorado
This SECURITY AGREEMENT, dated as of April [●], 2018 (this “Agreement”), made by and between GENERAL CANNABIS CORPORATION, a Colorado corporation (the “Grantor”), in favor _______________, (the “Secured Party”).
ContractSecured Promissory Note • April 26th, 2018 • General Cannabis Corp • Services-detective, guard & armored car services • Colorado
THIS NOTE HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.
GENERAL CANNABIS CORPORATION PROMISSORY NOTE AND WARRANT PURCHASE AGREEMENT April [●], 2018Promissory Note and Warrant Purchase Agreement • April 26th, 2018 • General Cannabis Corp • Services-detective, guard & armored car services • Colorado
This Promissory Note and Warrant Purchase Agreement (the “Agreement”) is made as of the [●] day of April 2018 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, collectively, the “Purchasers”).
