Exhibit 10.30


 


EXHIBIT I


CONVERSION NOTICE 


 


(To be executed by the Holder in order
to Convert the Note)


 


TO: MCTC HOLDINGS, INC.


 


Via Email: Arman@CannabisGlobalInc.com


 


The undersigned hereby irrevocably elects
to convert a portion of the outstanding Note into Alternative Conversion Stakes as outlined in the Note Agreement.


 


The date of the note was Feb 29, 2020 for
the accrued monthly executive compensation of $10,000 a month per original Executive Agreement item 4.1. It was converted on May
22, 2020. The principal amount was $79,333.33. Interest was $2608.22 for a total conversion of $81,941.55. Conversion price was
11.79 cents and it converted to 694, 902 shares. The calculation schedule is on Exhibit II, following the signature.


 


Conversion Date: May 22, 2020


Principal Amount: $79,333.33


 


Please issue the shares of Common Stock in the following
name and to the following address:


Issue to: Arman Tabatabaei


14252 Culver Dr #A555


Irvine Ca 92604


 


	Authorized Signature: 	/s/ Arman Tabatabaei	 
	Name:	Arman Tabatabaei	 
	Title:	CEO	 




 




     


     


    

 


EXHIBIT II


CONVERSION Calculation


 


Arman Convertible


 


	Date Taken	 	29-Feb-20	 
	Date Converted	 	22-May-20	 
	Prin Amount	 	$	79,333.33	 
	Inter 10%	 	$	2,608.22	 
	Convt $	 	$	81,941.55	 
	Convert Price	 	$	0.1179	 
	Convert to Shares	 	 	694,901.34	 



 


	4/22/20	 	 	0.25	 	 	 	0.3	 	 	 	0.21	 	 	 	0.23	 	 	 	0.23	 	 	 	44696	 
	4/23/20	 	 	0.26	 	 	 	0.26	 	 	 	0.17	 	 	 	0.2499	 	 	 	0.2499	 	 	 	23300	 
	4/24/20	 	 	0.24	 	 	 	0.24	 	 	 	0.18575	 	 	 	0.2	 	 	 	0.2	 	 	 	7750	 
	4/27/20	 	 	0.2	 	 	 	0.239	 	 	 	0.18	 	 	 	0.18	 	 	 	0.18	 	 	 	19108	 
	4/28/20	 	 	0.175	 	 	 	0.21	 	 	 	0.175	 	 	 	0.21	 	 	 	0.21	 	 	 	5412	 
	4/29/20	 	 	0.21725	 	 	 	0.3299	 	 	 	0.2	 	 	 	0.26998	 	 	 	0.26998	 	 	 	36454	 
	4/30/20	 	 	0.3	 	 	 	0.3299	 	 	 	0.26	 	 	 	0.29	 	 	 	0.29	 	 	 	52203	 
	5/1/20	 	 	0.3299	 	 	 	0.3299	 	 	 	0.26	 	 	 	0.29365	 	 	 	0.29365	 	 	 	39760	 
	5/4/20	 	 	0.26115	 	 	 	0.32	 	 	 	0.23	 	 	 	0.23	 	 	 	0.23	 	 	 	130267	 
	5/5/20	 	 	0.29	 	 	 	0.29	 	 	 	0.15	 	 	 	0.2125	 	 	 	0.2125	 	 	 	190303	 
	5/6/20	 	 	0.245	 	 	 	0.3	 	 	 	0.22	 	 	 	0.23	 	 	 	0.23	 	 	 	94089	 
	5/7/20	 	 	0.21	 	 	 	0.28	 	 	 	0.21	 	 	 	0.235	 	 	 	0.235	 	 	 	58824	 
	5/8/20	 	 	0.22	 	 	 	0.2489	 	 	 	0.182	 	 	 	0.2489	 	 	 	0.2489	 	 	 	39139	 
	5/11/20	 	 	0.24445	 	 	 	0.24445	 	 	 	0.18	 	 	 	0.2199	 	 	 	0.2199	 	 	 	67667	 
	5/12/20	 	 	0.2295	 	 	 	0.239	 	 	 	0.19	 	 	 	0.22	 	 	 	0.22	 	 	 	35800	 
	5/13/20	 	 	0.2	 	 	 	0.2523	 	 	 	0.192	 	 	 	0.22	 	 	 	0.22	 	 	 	98601	 
	5/14/20	 	 	0.275	 	 	 	0.28	 	 	 	0.21	 	 	 	0.245	 	 	 	0.245	 	 	 	109511	 
	5/15/20	 	 	0.24	 	 	 	0.26	 	 	 	0.2305	 	 	 	0.252	 	 	 	0.252	 	 	 	46662	 
	5/18/20	 	 	0.241	 	 	 	0.27	 	 	 	0.232	 	 	 	0.2599	 	 	 	0.2599	 	 	 	44549	 
	5/19/20	 	 	0.25	 	 	 	0.26	 	 	 	0.22	 	 	 	0.22	 	 	 	0.22	 	 	 	25698	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sum	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	4.71673	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Average	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	0.2358