ContractGeneral Cannabis Corp • February 24th, 2020 • Services-detective, guard & armored car services • New York
THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND SUCH STATE SECURITIES LAWS, OR AN EXEMPTION FROM REGISTRATION THEREUNDER, IN EACH CASE, TO THE EXTENT APPLICABLE HERETO.
PROMISSORY NOTE EXCHANGE AGREEMENTPromissory Note Exchange Agreement • February 24th, 2020 • General Cannabis Corp • Services-detective, guard & armored car services • New York
THIS PROMISSORY NOTE EXCHANGE AGREEMENT (this “Agreement”) is entered into as of February 18, 2020 (the “Execution Date”), by and between General Cannabis Corp, a Colorado corporation (the “Company”), and SBI Investments LLC, 2014-1, a statutory series of a Delaware limited liability company (the “Investor”).
NEITHER THIS WARRANT NOR THE SECURITIES FOR WHICH THIS WARRANT IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE...General Cannabis Corp • February 24th, 2020 • Services-detective, guard & armored car services • New York
This is the Warrant (the “Warrant”, such term to include any such warrants issued in substitution therefor) referred to in and issued pursuant to the terms of that certain Securities Purchase Agreement between the Company and the Holder (the “Agreement”). This Warrant is entitled to the benefits of the Agreement and is also subject to the obligations imposed by the Agreement, including as relates to any restrictions on transfer of ownership of the Warrant.
