Document:

EXCHANGE
AGREEMENT

 

This
Exchange Agreement (this “Agreement”) is entered into as of February 14, 2019, by and among The Greater
Cannabis Company, Inc., a Florida corporation (the “Company”) and Emet Capital Partners LLC (“Investor”).

 

WHEREAS,
the Company issued to the Investor warrant to purchase the Company’s common stock purchase warrants identified on Schedule
A (the “Warrants” and designated W1 through W4 as set forth on Schedule A);

 

WHEREAS,
the Investor has partially exercised the Warrants.

 

WHEREAS,
the Company desires to exchange the Warrants (the “Surrendered Securities”) for 9,000,000 Shares of
Series B Convertible Preferred Stock (the “Preferred Shares”) which shall be convertible into shares
of the Company’s common stock pursuant to the terms of the Certificate of Designation annexed hereto as Exhibit A (the “Certificate
of Designation”). Capitalized terms not otherwise defined herein shall have the meaning set forth in the Certificate
of Designation.

 

NOW,
THEREFORE, in consideration of the rights and benefits that they will each receive in connection with this Agreement, the parties,
intending to be legally bound, agree as follows:

 

1.
Exchange. The Company and Investor agree to exchange the Surrendered Securities for the Preferred Shares (the “Exchange”).
The Preferred Shares shall be issued pursuant to an exemption from registration under Section 3(a)(9) of the Securities Act, as
amended. The Preferred Shares shall be issued in four tranches: one for 6,020,066 Preferred Shares (“C1”), one for
1,505,017 Preferred Shares (“C2”), one for 1,324,415 Preferred Shares (“C3”), one for 150,502 Preferred
Shares (“C4”). C1 is being exchanged for W1, C2 is being exchanged for W2, C3 is being exchanged for W3, and C4 is
being exchanged for W4. For the avoidance of doubt, it is agreed that upon the consummation of the transactions contemplated by
the Exchange, the Warrants and any other warrants issued to the Investor by the Company outstanding immediately prior to the Exchange,
will be null, void and of no further force and effect.

 

2.
Tacking. The Company acknowledges that the Investor’s holding period of the Preferred Shares shall tack, for
Rule 144 purposes, as follows: the Preferred Shares represented by C1 shall tack back to May 25, 2017, the Preferred Shares represented
by C2 shall tack back to September 14, 2017, the Preferred Shares represented by C3 shall tack back to March 28, 2018, and the
Preferred Shares represented by C4 shall tack back to June 13, 2018.

 

3.
Disclosure Obligations. The Company shall, file a form 8K disclosing this transaction within one (1) business day
following the execution of this agreement, disclosing the material terms of the transactions contemplated hereby.

 

4.
Closing Conditions. The Closing of the exchange shall occur upon the following conditions being met: (i) the Company
shall have a class of stock registered under Section 12(b) or 12(g) of the Securities Exchange Act of 1934 no later than February
14, 2019; (ii) the Company shall have made any necessary amendment to its articles of incorporation and filed the Certificate
of Designation with the Florida secretary of state no later than February 22, 2019; (iii) the Company shall have delivered confirmation
from its transfer agent that C1, C2, C3, and C4 are being held by the transfer agent in book entry registered to the Investor;
and (iv) the Company shall not have defaulted under the terms of this Agreement.

 

    	 	 	 

     

    

 

5.
Other Deliverables. The Company shall also deliver to the Investor a letter signed by the company and acknowledged
by its transfer agent in the form annexed hereto as Exhibit B and a copy of the resolution of the Company’s board of directors
approving the transactions contemplate by this agreement and the issuance of the Preferred Shares and chares of the Company’s
common stock upon conversion of the Preferred Shares.

 

6.
Representations and Warranties of the Company. The Company hereby represents and warrants to each Investor as of
the date hereof as follows:

 

(a)
Organization and Standing. The Company is a corporation duly organized, validly existing under, and by virtue of, the laws
of Florida, and is in good standing under such laws. The Company has all requisite corporate power and authority to own and operate
its properties and assets and to carry on its business as presently conducted. The Company is duly qualified and authorized to
transact business and is in good standing as a foreign corporation in each jurisdiction in which the failure to so qualify would
have a material adverse effect on its business, properties or financial condition.

 

(b)
Corporate Power. The Company has all requisite legal and corporate power and authority to execute and deliver this Agreement,
to issue the Preferred Shares and Conversion Shares hereunder, and to carry out and perform its obligations under the terms of
this Agreement and the transactions contemplated hereby.

 

(c)
Authorization. All corporate action on the part of the Company, its officers, directors and stockholders necessary for
the authorization, execution, delivery and performance of this Agreement, the authorization, sale, issuance and delivery of the
Preferred Shares and the performance of all of the Company’s obligations hereunder have been taken or will be taken prior
to the Closing. This Agreement has been duly executed by the Company and constitutes valid and legally binding obligations of
the Company, enforceable against the Company in accordance with their respective terms, subject to the laws of general application
relating to bankruptcy, insolvency and the relief of debtors and rules of law governing specific performance, injunctive relief
or other equitable remedies.

 

    	 	 	 

     

    

 

(d)
Offering. Subject in part on the accuracy of the Investor’s representations herein, the offer, sale and issuance
of the Preferred Shares in conformity with the terms of this Agreement constitute transactions exempt from registration of under
the Securities Act of 1933, as amended (the “Securities Act”) and from all applicable state securities
laws. The sole consideration for the issuances of the Preferred Shares is the Investor’s surrender of the Warrants.

 

7.
Representations and Warranties of the Investor. Investor hereby represents and warrants as of the date hereof to
the Company as follows:

 

(a)
Organization and Standing. The Investor is either an individual or an entity duly organized, validly existing under, and
by virtue of, the laws of the jurisdiction of its incorporation or formation, and is in good standing under such laws.

 

(b)
Corporate Power. The Investor has all right, corporate, partnership, limited liability company or similar power and authority
to execute and deliver this Agreement and to carry out and perform its obligations under the terms of this Agreement and the transactions
contemplated hereby.

 

(c)
Authorization. All corporate, partnership, limited liability company or similar action, as applicable on the part of such
Investor, necessary for the authorization, execution, delivery and performance of this Agreement and the performance of all of
such Investor’s obligations hereunder have been taken or will be taken prior to the Closing. This Agreement has been duly
executed by the Investor and constitutes valid and legally binding obligations of such Investor, enforceable against such Investor
in accordance with their respective terms, subject to the laws of general application relating to bankruptcy, insolvency and the
relief of debtors and rules of law governing specific performance, injunctive relief or other equitable remedies.

 

(d)
Own Account. Investor is acquiring the Preferred Shares for its own account.

 

    	 	 	 

     

    

 

(e)
Investor Status. The Investor is either: (i) an “accredited investor” as defined in Rule 501(a)(1), (a)(2),
(a)(3), (a)(7) or (a)(8) under the Securities Act or (ii) a “qualified institutional buyer” as defined in Rule 144A
under the Securities Act. Such Investor is not required to be registered as a broker-dealer under Section 15 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”).

 

(f)
Warrants. To the best of Investor’s knowledge, the Warrants listed on Schedule A represent all warrants issued by the Company
to the Investor.

 

8.
No Short Sales. Investor, its successors, assigns and affiliates, agrees that so long any Preferred Shares remain
outstanding, Investor and its affiliates shall not enter into or effect “short sales” of the common stock of the Company
or hedging transaction which establishes a short position with respect to the common stock of the Company. The Company acknowledges
and agrees that upon delivery of a Conversion Notice by the Investor, the Investor immediately owns the shares of common stock
described in the Conversion Notice and any sale of those shares issuable under such Conversion Notice would not be considered
short sales.

 

9.
Miscellaneous.

 

(a)
Entire Agreement. This Agreement, together with the schedules attached hereto, contain the entire understanding of the
parties with respect to the subject matter hereof and supersede all prior agreements and understandings, oral or written with
respect to such matters.

 

(b)
Notices. All notices, demands requests, consents, approvals, and other communications required or permitted hereunder shall
be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or
certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or
(iv) transmitted by hand delivery, telegram or facsimile, addressed as set forth below or to such other address as such party
shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder
shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting
facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where
such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during
normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by
express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall occur
first.

 

(c)
Amendments; Waivers. No provision of this Agreement may be waived, modified, supplemented or amended except in a written
instrument signed, in the case of an amendment, by the Company and the Investor, in the case of a waiver, by the party against
whom enforcement of any such waived provision is sought. No waiver with respect to any provision, condition or requirement of
this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any other provision, condition or requirement
hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any
such right.

 

(d)
Headings. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed
to limit or affect any of the provisions hereof.

 

(e)
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors
and permitted assigns.

 

(f)
No Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective successors
and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

(g)
Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement and
the transactions contemplated hereby shall be governed by and construed and enforced in accordance with the internal laws of the
State of New York, without regard to the principals of conflicts of law thereof. Each party agrees that all legal proceedings
concerning the interpretations, enforcement and defense of the transactions contemplated by this Agreement (whether brought against
a party hereto or its respective affiliates, directors, officers, shareholders, partners, members, employees or agents) shall
be commenced exclusively in the state and federal courts sitting in the City of New York. Each party hereby irrevocably submits
to the exclusive jurisdiction of the state and federal courts sitting in the City of New York, Borough of Manhattan for the adjudication
of any dispute hereunder or in connection herewith or the transaction contemplated hereby or discussed herein, and hereby irrevocably
waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not venue for such proceeding. Each party
hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding
by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at
the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof.

 

(h)
Survival. The representations and warranties contained herein shall survive the Closing for the applicable statute of limitations.

 

(i)
Execution. This Agreement may be executed in one or more counterparts, all of which when taken together shall be considered
one and the same agreement, it being understood that the parties need not sign the same counterpart. In the event that any signature
is delivered by facsimile transmission or by email delivery of a “.pdf” format data file, such signature shall create
a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and
effect as if such facsimile or “.pdf” signature was an original thereof.

 

(j)
Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein
shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use
their commercially reasonable efforts to find and employ, an alternative means to achieve the same or substantially the same result
as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention
of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any
of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

(k)
Construction. The parties hereto agree that each of them and/or their respective counsel have reviewed and have had an
opportunity to revise this Agreement and the schedules attached hereto. This Agreement shall be construed according to its fair
meaning and not strictly for or against any party. The word “including” shall be construed to include the words “without
limitation.” In this Agreement, unless the context otherwise requires, references to the singular shall include the plural
and vice versa.

 

(l)
WAIVER OF JURY TRIAL. IN ANY ACTION, SUIT OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY,
THE PARTIES EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY,
IRREVOCABLY AND EXPRESSLY WAIVES FOREVER TRAIL BY JURY.

 

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of page intentionally left blank]

 

    	 	 	 

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Exchange Agreement to be duly executed and delivered as of the date and year first
written above.

 

	 	COMPANY	
	 	 	
	The
    Greater Cannabis Company, Inc.	 
	 	 	 
	 	 
	By:	 	 
	Its:	 	 
	 	 	 
	 	INVESTOR	
	 	 	
	Emet
    Capital Partners LLC	 
	 	 	 
	 	 
	By:	 	 
	Its:	 	 

 

Schedule
A

Warrants

All
outstanding warrants, including:

 

	 	1.	A
    warrant to initially purchase 440,000 shares dated May 25, 2017 (“W1”);
	 	2.	A
    warrant to initially purchase 110,000 shares dated September 14, 2017 (“W2”);
	 	3.	A
    warrant to initially purchase 96,800 shares dated March 28, 2018 (“W3”); and
	 	4.	A
    warrant to initially purchase 11,000 shares dated June 13, 2018 (“W4”).

 

Copies
of the Warrants are annexed hereto as Schedule B.

 

    	 	 	 

     

    

 

Schedule
B

 

Copy
of warrant to initially purchase 440,000 shares dated May 25, 2017 (“W1”)

 

    	 	 	 

     

    

 

Copy
of warrant to initially purchase 110,000 shares dated September 14, 2017 (“W2”)

 

    	 	 	 

     

    

 

Copy
of warrant to initially purchase 96,800 shares dated March 28, 2018 (“W3”)

 

    	 	 	 

     

    

 

Copy
of warrant to initially purchase 11,000 shares dated June 13, 2018 (“W4”)THE
GREATER CANNABIS COMPANY, INC.

CERTIFICATE
OF DESIGNATION OF

SERIES
B CONVERTIBLE PREFERRED STOCK

SETTING
FORTH THE POWERS, PREFERENCES, RIGHTS QUALIFICATIONS,

LIMITATIONS
AND RESTRICTIONS OF SUCH SERIES OF PREFERRED STOCK

 

The
Greater Cannabis Company, Inc., (hereinafter called the “Company”) a corporation organized and existing under Florida
Business Corporation Act (“FBCA”), in accordance with the provisions of Section 607.0602 thereof, DOES HEREBY CERTIFY:

 

	FIRST:	These
    Articles of Amendment were adopted by the Board of Directors on February 13, 2019 in the manner prescribed by Section 607.1002
    of the Florida Business Corporation Act. Shareholder action was not required.
	 	 
	SECOND:	That
    pursuant to the authority vested in the Board of Directors of the Company in accordance with the provisions of the Articles
    of Incorporation, as amended, of the Company (the “Articles of Incorporation”), the Board of Directors adopted
    the following resolution on February 13, 2019 designating 9,000,000 shares of the Company’s authorized preferred stock
    as “Series B Convertible Preferred Stock”:

 

RESOLVED,
that pursuant to the authority vested in the Board of Directors of this Company in accordance with the provisions of the Articles
of Incorporation, a series of Preferred Stock, having a par value of $0.001 per share, of the Company be and hereby is created,
and that the designation and number of shares thereof, and the voting and other powers, preferences and relative, participating,
optional or other rights of the shares of such series, and the qualifications, limitations and restrictions thereof, are as follows:

 

TERMS
OF SERIES B CONVERTIBLE PREFERRED STOCK

 

1.
Designation and Number of Shares. There shall hereby be created and established a series of preferred stock of the Company
designated as “Series B Convertible Preferred Stock” (the “Preferred Shares”). The authorized number
of Preferred Shares shall be 9,000,000 shares. Each Preferred Share shall have a par value of $0.001. Capitalized terms not defined
herein shall have the meaning as set forth below. No dividends shall accrue or be payable with respect to the Preferred Shares
except as set forth below.

 

2.
Ranking.

 

(a)
Except with respect to any future series of preferred stock of senior rank to the Preferred Shares in respect of the preferences
as to dividends, distributions and payments upon the liquidation, dissolution and winding up of the Company (collectively, the
“Senior Preferred Stock”) or the Preferred Shares and any future series of preferred stock of pari passu rank
to the Preferred Shares in respect of the preferences as to dividends, distributions and payments upon the liquidation, dissolution
and winding up of the Company provided same are issued in accordance with the terms hereof (collectively, the “Parity
Stock”), all shares of capital stock of the Company shall be junior in rank to all Preferred Shares with respect to
the preferences as to dividends, distributions and payments upon the liquidation, dissolution and winding up of the Company (collectively,
the “Junior Stock”). The rights of all such shares of capital stock of the Company shall be subject to the
rights, powers, preferences and privileges of the Preferred Shares. In the event of the merger or consolidation of the Company
with or into another corporation, the Preferred Shares shall maintain their relative rights, powers, designations, privileges
and preferences provided for herein and no such merger or consolidation shall result inconsistent therewith. For the avoidance
of doubt, in no circumstance will a Preferred Share have any rights subordinate or otherwise inferior to the rights of shares
of Parity Stock or Common Stock (as defined below).

 

    	 	1	 

    	 

    

 

(b)
No Maturity, Sinking Fund, Mandatory Redemption. The Preferred Shares have no stated maturity and will not be subject to
any sinking fund or mandatory redemption and will remain outstanding indefinitely unless the Holders decide to convert the Preferred
Shares as provided in this Certificate of Designation.

 

3.
Conversion.

 

(a)
Holder’s Conversion Right. Subject to the provisions of Section 3(e), at any time or times on or after the Initial
Issuance Date, each holder of a Preferred Share (each, a “Holder” and collectively, the “Holders”)
shall be entitled to convert any whole number of Preferred Shares into validly issued, fully paid and non-assessable shares of
Common Stock in accordance with Section 3(c) at the Conversion Rate (as defined below).

 

(b)
Conversion Rate. The number of validly issued, fully paid and non-assessable shares of Common Stock issuable upon conversion
of each Preferred Share pursuant to Section 3(a) shall be determined according to the following formula (the “Conversion
Rate”):

 

Conversion
Amount

Conversion Price

 

No
fractional shares of Common Stock are to be issued upon the conversion of any Preferred Shares. If the issuance would result in
the issuance of a fraction of a share of Common Stock, the Company shall round such fraction of a share of Common Stock up to
the nearest whole share.

 

(c)
Mechanics of Conversion. The conversion of each Preferred Share shall be conducted in the following manner:

 

(i)
Holder’s Conversion. To convert a Preferred Share into validly issued, fully paid and non-assessable shares of Common
Stock on any date (a “Conversion Date”), a Holder shall deliver (whether via facsimile or otherwise), for receipt
on or prior to 11:59 p.m., New York time, on such date, a copy of an executed notice of conversion of the share(s) of Preferred
Shares subject to such conversion in the form attached hereto as Exhibit I (the “Conversion Notice”)
to the Company. Within three (3) Trading Days following a conversion of any such Preferred Shares as aforesaid, such Holder shall
surrender to a nationally recognized overnight delivery service for delivery to the Company the original certificates representing
the share(s) of Preferred Shares (the “Preferred Share Certificates”) so converted as aforesaid.

 

    	 	2	 

    	 

    

 

(ii)
Company’s Response. On or before the first (1st) Trading Day following the date of receipt of a Conversion
Notice, the Company shall transmit by facsimile or email transmission which must be confirmed with a facsimile transmission an
acknowledgment of confirmation, in the form attached hereto as Exhibit II, of receipt of such Conversion Notice
to such Holder and the Company’s transfer agent (the “Transfer Agent”), which confirmation shall constitute
an instruction to the Transfer Agent to process such Conversion Notice in accordance with the terms herein. On or before the second
(2nd) Trading Day following the date of receipt by the Company of such Conversion Notice, the Company shall (1) provided
that (x) the Transfer Agent is participating in the Depository Trust Company (“DTC”) Fast Automated Securities
Transfer Program and (y) Common Stock shares to be so issued are otherwise eligible for resale pursuant to Rule 144 promulgated
under the Securities Act of 1933, as amended, credit such aggregate number of shares of Common Stock to which such Holder shall
be entitled to such Holder’s or its designee’s balance account with DTC through its Deposit/Withdrawal at Custodian
system, or (2) if either of the immediately preceding clauses (x) or (y) are not satisfied, issue and deliver (via reputable overnight
courier) to the address as specified in such Conversion Notice, a certificate, registered in the name of such Holder or its designee,
for the number of shares of Common Stock to which such Holder shall be entitled. If the number of Preferred Shares represented
by the Preferred Share Certificate(s) submitted for conversion is greater than the number of Preferred Shares being converted,
then the Company shall if requested by such Holder, as soon as practicable and in no event later than three (3) Trading Days after
receipt of the Preferred Share Certificate(s) and at its own expense, issue and deliver to such Holder (or its designee) a new
Preferred Share Certificate representing the number of Preferred Shares not converted.

 

(iii)
Record Holder. The Person or Persons entitled to receive the shares of Common Stock issuable upon a conversion of Preferred
Shares shall be treated for all purposes as the record holder or holders of such shares of Common Stock on the Conversion Date.

 

(iv)
Company’s Failure to Timely Convert. If the Company shall fail, for any reason or for no reason, to issue to a Holder
within three (3) Trading Days after the Company’s receipt of a Conversion Notice (whether via facsimile or otherwise) and
payment of all applicable transfer agent fees (the “Share Delivery Deadline”), a certificate for the number
of shares of Common Stock to which such Holder is entitled and register such shares of Common Stock on the Company’s share
register or to credit such Holder’s or its designee’s balance account with DTC for such number of shares of Common
Stock to which such Holder is entitled upon such Holder’s conversion of any Preferred Shares (as the case may be) (a “Conversion
Failure”), then, in addition to all other remedies available to such Holder, such Holder, upon written notice to the
Company, may void its Conversion Notice with respect to, and retain or have returned (as the case may be) any Preferred Shares
that have not been converted pursuant to such Holder’s Conversion Notice, provided that the voiding of a Conversion Notice
shall not affect the Company’s obligations to make any payments which have accrued prior to the date of such notice pursuant
to the terms of this Certificate of Designations or otherwise. In addition to the foregoing, if within three (3) Trading Days
after the Company’s receipt of a Conversion Notice (whether via facsimile or otherwise) and payment of all applicable transfer
agent fees, the Company shall fail to issue and deliver a certificate to such Holder and register such shares of Common Stock
on the Company’s share register or credit such Holder’s or its designee’s balance account with DTC for the number
of shares of Common Stock to which such Holder is entitled upon such Holder’s conversion hereunder (as the case may be),
and if on or after such third (3rd) Trading Day such Holder (or any other Person in respect, or on behalf, of such
Holder) purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by
such Holder of all or any portion of the number of shares of Common Stock, or a sale of a number of shares of Common Stock equal
to all or any portion of the number of shares of Common Stock, issuable upon such conversion that such Holder so anticipated receiving
from the Company, then, in addition to all other remedies available to such Holder, the Company shall, within two (2) Business
Days after such Holder’s request, which request shall include reasonable documentation of all fees, costs and expenses,
and in such Holder’s discretion, either (i) pay cash to such Holder in an amount equal to such Holder’s total purchase
price (including brokerage commissions and other out-of-pocket expenses, if any) for the shares of Common Stock so purchased (including,
without limitation, by any other Person in respect, or on behalf, of such Holder) (the “Buy-In Price”), at
which point the Company’s obligation to so issue and deliver such certificate or credit such Holder’s balance account
with DTC for the number of shares of Common Stock to which such Holder is entitled upon such Holder’s conversion hereunder
(as the case may be) (and to issue such shares of Common Stock) shall terminate, or (ii) promptly honor its obligation to so issue
and deliver to such Holder a certificate or certificates representing such shares of Common Stock or credit such Holder’s
balance account with DTC for the number of shares of Common Stock to which such Holder is entitled upon such Holder’s conversion
hereunder (as the case may be) and pay cash to such Holder in an amount equal to the excess (if any) of the Buy-In Price over
the product of (A) such number of shares of Common Stock multiplied by (B) the lowest Closing Sale Price of the Common Stock on
any Trading Day during the period commencing on the date of the applicable Conversion Notice and ending on the date of such issuance
and payment under this clause (ii). Immediately following the voiding of a Conversion Notice as aforesaid, the Conversion Price
of any Preferred Shares returned or retained by such Holder for failure to timely convert shall be adjusted to the lesser of (I)
the Conversion Price relating to the voided Conversion Notice and (II) the lowest Closing Sale Price of the Common Stock during
the period beginning on the Conversion Date and ending on the date such Holder voided the Conversion Notice, subject to further
adjustment as provided in this Certificate of Designations. In addition to Holder’s other available remedies, the Company
shall pay to Holder, in cash, as partial liquidated damages and not as a penalty, for each $1,000 of shares of Common Stock (based
on the aggregate Conversion Price of the Preferred Shares for which conversion had been requested, $10 per Trading Day for each
Trading Day following the Share Delivery Deadline and increasing to $20 per Trading Day after the fifth Trading Day until such
shares of Common Stock are delivered and registered. Nothing herein shall limit Holder’s right to pursue actual damages
for the Company failure to timely deliver certificates representing Common Stock as required hereby and Holder shall have the
right to pursue all remedies available to it at law or in equity including, without limitation, a decree of specific performance
and/or injunctive relief.

 

    	 	3	 

    	 

    

 

(v)
Pro Rata Conversion; Disputes. In the event the Company receives a Conversion Notice from more than one Holder for the
same Conversion Date and the Company can convert some, but not all, of such Preferred Shares submitted for conversion, the Company
shall convert from each Holder electing to have Preferred Shares converted on such date a pro rata amount of such Holder’s
Preferred Shares submitted for conversion on such date based on the number of Preferred Shares submitted for conversion on such
date by such Holder relative to the aggregate number of Preferred Shares submitted for conversion on such date. In the event of
a dispute as to the number of shares of Common Stock issuable to a Holder in connection with a conversion of Preferred Shares,
the Company shall issue to such Holder the number of shares of Common Stock not in dispute and resolve such dispute in accordance
with the Exchange Agreement.

 

(vi)
Book-Entry. Upon conversion of any Preferred Shares in accordance with the terms hereof, no Holder thereof shall be required
to physically surrender the certificate representing the Preferred Shares to the Company following conversion thereof unless (A)
the full or remaining number of Preferred Shares represented by the certificate are being converted (in which event such certificate(s)
shall be delivered to the Company as contemplated by this Section or (B) such Holder has provided the Company with prior written
notice (which notice may be included in a Conversion Notice) requesting reissuance of Preferred Shares upon physical surrender
of any Preferred Shares. Each Holder and the Company shall maintain records showing the number of Preferred Shares so converted
by such Holder and the dates of such conversions or shall use such other method, reasonably satisfactory to such Holder and the
Company, so as not to require physical surrender of the certificate representing the Preferred Shares upon each such conversion.
In the event of any dispute or discrepancy, such records of such Holder establishing the number of Preferred Shares to which the
record holder is entitled shall be controlling and determinative in the absence of manifest error. A Holder and any transferee
or assignee, by acceptance of a certificate, acknowledge and agree that, by reason of the provisions of this paragraph, following
conversion of any Preferred Shares, the number of Preferred Shares represented by such certificate may be less than the number
of Preferred Shares stated on the face thereof. Each certificate for Preferred Shares shall bear the following legend:

 

ANY
TRANSFEREE OR ASSIGNEE OF THIS CERTIFICATE SHOULD CAREFULLY REVIEW THE TERMS OF THE COMPANY’S CERTIFICATE OF DESIGNATIONS
RELATING TO THE SHARES OF SERIES B PREFERRED STOCK REPRESENTED BY THIS CERTIFICATE. THE NUMBER OF SHARES OF SERIES B PREFERRED
STOCK REPRESENTED BY THIS CERTIFICATE MAY BE LESS THAN THE NUMBER OF SHARES OF SERIES B PREFERRED STOCK STATED ON THE FACE HEREOF.

 

    	 	4	 

    	 

    

 

(d)
Taxes. The Company shall pay any and all documentary, stamp, transfer (but only in respect of the registered holder thereof),
issuance and other similar taxes that may be payable with respect to the issuance and delivery of shares of Common Stock upon
the conversion of Preferred Shares.

 

(e)
Limitation on Beneficial Ownership. Notwithstanding anything to the contrary contained in this Certificate of Designations,
the Preferred Shares held by a Holder shall not be convertible by such Holder, and the Company shall not effect any conversion
of any Preferred Shares held by such Holder, to the extent (but only to the extent) that such Holder or any of its affiliates
would beneficially own in excess of 4.99% (the “Maximum Percentage”) of the Common Stock. To the extent the
above limitation applies, the determination of whether the Preferred Shares held by such Holder shall be convertible (vis-à-vis
other convertible, exercisable or exchangeable securities owned by such Holder or any of its affiliates) and of which such securities
shall be convertible, exercisable or exchangeable (as among all such securities owned by such Holder and its affiliates) shall,
subject to such Maximum Percentage limitation, be determined on the basis of the first submission to the Company for conversion,
exercise or exchange (as the case may be). No prior inability of a Holder to convert Preferred Shares, or of the Company to issue
shares of Common Stock to such Holder, pursuant to this Section shall have any effect on the applicability of the provisions of
this Section with respect to any subsequent determination of convertibility or issuance (as the case may be). For purposes of
this Section, beneficial ownership and all determinations and calculations (including, without limitation, with respect to calculations
of percentage ownership) shall be determined in accordance with Section 13(d) of the 1934 Act and the rules and regulations promulgated
thereunder. The provisions of this Section shall be implemented in a manner otherwise than in strict conformity with the terms
of this Section to correct this Section (or any portion hereof) which may be defective or inconsistent with the intended Maximum
Percentage beneficial ownership limitation herein contained or to make changes or supplements necessary or desirable to properly
give effect to such Maximum Percentage limitation. The limitations contained in this Section shall apply to a successor holder
of Preferred Shares. For any reason at any time, upon the written or oral request of a Holder, the Company shall within one (1)
Business Day confirm orally and in writing to such Holder the number of shares of Common Stock then outstanding, including by
virtue of any prior conversion or exercise of convertible or exercisable securities into Common Stock, including, without limitation,
pursuant to this Certificate of Designations or securities issued pursuant to the other Transaction Documents. By written notice
to the Company, any Holder may increase or decrease the Maximum Percentage to any other percentage not in excess of 9.99% specified
in such notice; provided that (i) any such increase will not be effective until the 61st day after such notice is delivered to
the Company, and (ii) any such increase or decrease will apply only to such Holder sending such notice and not to any other Holder.

 

4.
Adjustments.

 

(a)
Adjustment of Conversion Price upon Subdivision or Combination of Common Stock. Without limiting any provision of hereof,
if the Company at any time on or after the Initial Issuance Date subdivides (by any stock split, stock dividend, recapitalization
or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Conversion Price
in effect immediately prior to such subdivision will be proportionately reduced. Without limiting any provision of hereof, if
the Company at any time on or after the Initial Issuance Date combines (by combination, reverse stock split or otherwise) one
or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Conversion Price in effect immediately
prior to such combination will be proportionately increased. Any adjustment pursuant to this Section 4 shall become effective
immediately after the effective date of such subdivision or combination. If any event requiring an adjustment under this Section
4 occurs during the period that a Conversion Price is calculated hereunder, then the calculation of such Conversion Price shall
be adjusted appropriately to reflect such event.

 

    	 	5	 

    	 

    

 

(b)
Subsequent Rights Offerings. In addition to any adjustments pursuant to Section 4(a), if at any time the Company grants,
issues or sells any Common Stock Equivalents or rights to purchase stock, warrants, securities or other property pro rata to the
record holders of any class of shares of Common Stock (the “Purchase Rights”), then the Holder of will be entitled
to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired
if the Holder had held the number of shares of Common Stock acquirable upon complete conversion of such Holder’s Series
B Convertible Preferred Stock (without regard to any limitations on exercise hereof, including without limitation, the Beneficial
Ownership Limitation) immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase
Rights, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined
for the grant, issue or sale of such Purchase Rights (provided, however, to the extent that the Holder’s right to participate
in any such Purchase Right would result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not
be entitled to participate in such Purchase Right to such extent (or beneficial ownership of such shares of Common Stock as a
result of such Purchase Right to such extent) and such Purchase Right to such extent shall be held in abeyance for the Holder
until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation).

 

5.
Authorized Shares.

 

(a)
Reservation. The Company shall initially reserve out of its authorized and unissued Common Stock a number of shares of
Common Stock equal to 300% of the Conversion Rate with respect to the Conversion Amount of each Preferred Share as of the Initial
Issuance Date (assuming for purposes hereof, that all the Preferred Shares issuable pursuant to the Exchange Agreement have been
issued, such Preferred Shares are convertible at the Conversion Price and without taking into account any limitations on the conversion
of such Preferred Shares set forth in herein). So long as any of the Preferred Shares are outstanding, the Company shall take
all action necessary to reserve and keep available out of its authorized and unissued shares of Common Stock, solely for the purpose
of effecting the conversion of the Preferred Shares, as of any given date, 100% of the number of shares of Common Stock as shall
from time to time be necessary to effect the conversion of all of the Preferred Shares issued or issuable pursuant to the Exchange
Agreement, assuming for purposes hereof, that all the Preferred Shares issuable pursuant to the Exchange Agreement have been issued
and without taking into account any limitations on the issuance of securities set forth herein), provided that at no time shall
the number of shares of Common Stock so available be less than the number of shares required to be reserved by the previous sentence
(without regard to any limitations on conversions contained in this Certificate of Designations) (the “Required Amount”).
The initial number of shares of Common Stock reserved for conversions of the Preferred Shares and each increase in the number
of shares so reserved shall be allocated pro rata among the Holders based on the number of Preferred Shares held by each Holder
on the Initial Issuance Date or increase in the number of reserved shares (as the case may be) (the “Authorized Share
Allocation”). In the event a Holder shall sell or otherwise transfer any of such Holder’s Preferred Shares, each
transferee shall be allocated a pro rata portion of such Holder’s Authorized Share Allocation. Any shares of Common Stock
reserved and allocated to any Person which ceases to hold any Preferred Shares shall be allocated to the remaining Holders of
Preferred Shares, pro rata based on the number of Preferred Shares then held by such Holders.

 

    	 	6	 

    	 

    

 

(b)
Insufficient Authorized Shares. If, notwithstanding Section 5(a) and not in limitation thereof, at any time while any of
the Preferred Shares remain outstanding the Company does not have a sufficient number of authorized and unissued shares of Common
Stock to satisfy its obligation to have available for issuance upon conversion of the Preferred Shares at least a number of shares
of Common Stock equal to the Required Amount (an “Authorized Share Failure”), then the Company shall immediately
take all reasonable action necessary to increase the Company’s authorized shares of Common Stock to an amount sufficient
to allow the Company to reserve and have available the Required Amount for all of the Preferred Shares then outstanding. Without
limiting the generality of the foregoing sentence, as soon as practicable after the date of the occurrence of an Authorized Share
Failure, but in no event later than sixty (60) days after the occurrence of such Authorized Share Failure, the Company shall hold
a meeting of its stockholders for the approval of an increase in the number of authorized shares of Common Stock. In connection
with such meeting, the Company shall provide each stockholder with a proxy statement and shall use its best efforts to solicit
its stockholders’ approval of such increase in authorized shares of Common Stock and to cause its Board of Directors to
recommend to the stockholders of the Company that they approve such proposal. Nothing contained in this Section shall limit any
obligations of the Company under any provision of the Exchange Agreement.

 

6.
Voting Rights. Holders of Preferred Shares shall have no voting rights, except as required by law (including without limitation,
the FBCA) and as expressly provided in this Certificate of Designations. To the extent that under the FBCA holders of the Preferred
Shares are entitled to vote on a matter with holders of shares of Common Stock, voting together as one class, each Preferred Share
shall entitle the holder thereof to cast that number of votes per share as is equal to the number of shares of Common Stock into
which it is then convertible (subject to the ownership limitations hereof) using the record date for determining the stockholders
of the Company eligible to vote on such matters as the date as of which the Conversion Price is calculated. Holders of the Preferred
Shares shall be entitled to written notice of all stockholder meetings or written consents (and copies of proxy materials and
other information sent to stockholders) with respect to which they would be entitled by vote, which notice would be provided pursuant
to the Company’s bylaws and the FBCA.

 

7.
Liquidation, Dissolution, Winding-Up. In the event of a Liquidation Event, the Holders shall be entitled to receive in
cash out of the assets of the Company, whether from capital or from earnings available for distribution to its stockholders (the
“Liquidation Funds”), before any amount shall be paid to the holders of any of shares of Junior Stock, an amount
per Preferred Share equal to the amount per share such Holder would receive if such Holder converted such Preferred Shares into
Common Stock immediately prior to the date of such payment, provided that if the Liquidation Funds are insufficient to pay the
full amount due to the Holders and holders of shares of Parity Stock, then each Holder and each holder of Parity Stock shall receive
a percentage of the Liquidation Funds equal to the full amount of Liquidation Funds payable to such Holder and such holder of
Parity Stock as a liquidation preference, in accordance with their respective certificate of designations (or equivalent), as
a percentage of the full amount of Liquidation Funds payable to all holders of Preferred Shares and all holders of shares of Parity
Stock. To the extent necessary, the Company shall cause such actions to be taken by each of its Subsidiaries so as to enable,
to the maximum extent permitted by law, the proceeds of a Liquidation Event to be distributed to the Holders in accordance with
this Section 7. All the preferential amounts to be paid to the Holders under this Section 7 shall be paid or set apart for payment
before the payment or setting apart for payment of any amount for, or the distribution of any Liquidation Funds of the Company
to the holders of shares of Junior Stock in connection with a Liquidation Event as to which this Section 7 applies.

 

8.
Participation. The Holders shall, as holders of Preferred Shares, be entitled to receive such dividends paid and distributions
made to the holders of shares of Common Stock to the same extent as if such Holders had converted each Preferred Share held by
each of them into shares of Common Stock (without regard to any limitations on conversion herein or elsewhere) and had held such
shares of Common Stock on the record date for such dividends and distributions. Payments under the preceding sentence shall be
made concurrently with the dividend or distribution to the holders of shares of Common Stock (provided, however, to the extent
that a Holder’s right to participate in any such dividend or distribution would result in such Holder exceeding the Maximum
Percentage, then such Holder shall not be entitled to participate in such dividend or distribution to such extent (or the beneficial
ownership of any such shares of Common Stock as a result of such dividend or distribution to such extent) and such dividend or
distribution to such extent shall be held in abeyance for the benefit of such Holder until such time, if ever, as its right thereto
would not result in such Holder exceeding the Maximum Percentage).

 

    	 	7	 

    	 

    

 

9.
Vote to Change the Terms of or Issue Preferred Shares. In addition to any other rights provided by law, except where the
vote or written consent of the holders of a greater number of shares is required by law or by another provision of the Certificate
of Incorporation, without first obtaining the affirmative vote at a meeting duly called for such purpose or the written consent
without a meeting of the Required Holders, voting together as a single class, the Company shall not: (a) amend or repeal any provision
of, or add any provision to, its Certificate of Incorporation or bylaws, or file any certificate of designations or certificate
of amendment, if such action would adversely alter or change in any respect the preferences, rights, privileges or powers, or
restrictions provided for the benefit, of the Preferred Shares, regardless of whether any such action shall be by means of amendment
to the Certificate of Incorporation or by merger, consolidation or otherwise; or (b) without limiting any provisions of Section
12, whether or not prohibited by the terms of the Preferred Shares, circumvent a right of the Preferred Shares.

 

10.
Lost or Stolen Certificates. Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss,
theft, destruction or mutilation of any certificates representing Preferred Shares (as to which a written certification and the
indemnification contemplated below shall suffice as such evidence), and, in the case of loss, theft or destruction, of an indemnification
undertaking by the applicable Holder to the Company in customary and reasonable form and, in the case of mutilation, upon surrender
and cancellation of the certificate(s), the Company shall execute and deliver new certificate(s) of like tenor and date.

 

11.
Remedies, Characterizations, Other Obligations, Breaches and Injunctive Relief. The remedies provided in this Certificate
of Designations shall be cumulative and in addition to all other remedies available under this Certificate of Designations and
any of the other Transaction Documents, at law or in equity (including a decree of specific performance and/or other injunctive
relief), and no remedy contained herein shall be deemed a waiver of compliance with the provisions giving rise to such remedy.
Nothing herein shall limit any Holder’s right to pursue actual and consequential damages for any failure by the Company
to comply with the terms of this Certificate of Designations. The Company covenants to each Holder that there shall be no characterization
concerning this instrument other than as expressly provided herein. Amounts set forth or provided for herein with respect to payments,
conversion and the like (and the computation thereof) shall be the amounts to be received by a Holder and shall not, except as
expressly provided herein, be subject to any other obligation of the Company (or the performance thereof). The Company acknowledges
that a breach by it of its obligations hereunder will cause irreparable harm to the Holders and that the remedy at law for any
such breach may be inadequate. The Company therefore agrees that, in the event of any such breach or threatened breach, each Holder
shall be entitled, in addition to all other available remedies, to an injunction restraining any such breach or any such threatened
breach, without the necessity of showing economic loss and without any bond or other security being required, to the extent permitted
by applicable law. The Company shall provide all information and documentation to a Holder that is requested by such Holder to
enable such Holder to confirm the Company’s compliance with the terms and conditions of this Certificate of Designations.

 

    	 	8	 

    	 

    

 

12.
Non-circumvention. The Company hereby covenants and agrees that the Company will not, by amendment of its Certificate of
Incorporation, bylaws or through any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution,
issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the
terms of this Certificate of Designations, and will at all times in good faith carry out all the provisions of this Certificate
of Designations and take all action as may be required to protect the rights of the Holders. Without limiting the generality of
the foregoing or any other provision of this Certificate of Designations, the Company (i) shall not increase the par value of
any shares of Common Stock receivable upon the conversion of any Preferred Shares above the Conversion Price then in effect, (ii)
shall take all such actions as may be necessary or appropriate in order that the Company may validly and legally issue fully paid
and non-assessable shares of Common Stock upon the conversion of Preferred Shares and (iii) shall, so long as any Preferred Shares
are outstanding, take all action necessary to reserve and keep available out of its authorized and unissued shares of Common Stock,
solely for the purpose of effecting the conversion of the Preferred Shares, the maximum number of shares of Common Stock as shall
from time to time be necessary to effect the conversion of the Preferred Shares then outstanding (without regard to any limitations
on conversion contained herein).

 

13.
Failure or Indulgence Not Waiver. No failure or delay on the part of a Holder in the exercise of any power, right or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude
other or further exercise thereof or of any other right, power or privilege. No waiver shall be effective unless it is in writing
and signed by an authorized representative of the waiving party. This Certificate of Designations shall be deemed to be jointly
drafted by the Company and all Holders and shall not be construed against any Person as the drafter hereof.

 

14.
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered
or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid,
or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party
shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder
shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting
facsimile machine, at the address or number designated below (if delivered on a Trading Day during normal business hours where
such notice is to be received), or the first Trading Day following such delivery (if delivered other than on a Trading Day during
normal business hours where such notice is to be received) or (b) on the second Trading Day following the date of mailing by express
courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur.
The addresses for such communications shall be: (i) if to the Company, to: The Greater Cannabis Company, Inc., 15 Walker Ave,
Suite 101, Baltimore, MD 21208, Attn: Aitan Zacharin, Chief Executive Officer, email: aitan@gcanrx.com, with a copy by email only
to (which shall not constitute notice): Mark Radom, email: mark@gcanrx.com, and (ii) if to the Holders, to: the addresses and
fax numbers indicated on the signature pages of the Exchange Agreement, with an additional copy by fax only to (which shall not
constitute notice): Grushko & Mittman, P.C., 515 Rockaway Avenue, Valley Stream, New York 11581, Attn: Eliezer Drew, Esq.,
facsimile: (212) 697-3575.

 

15.
Preferred Shares Register. The Company shall maintain at its principal executive offices (or such other office or agency
of the Company as it may designate by notice to the Holders), a register for the Preferred Shares, in which the Company shall
record the name, address and facsimile number of the Persons in whose name the Preferred Shares have been issued, as well as the
name and address of each transferee. The Company may treat the Person in whose name any Preferred Shares is registered on the
register as the owner and holder thereof for all purposes, notwithstanding any notice to the contrary, but in all events recognizing
any properly made transfers.

 

    	 	9	 

    	 

    

 

16.
Stockholder Matters; Amendment.

 

(a)
Stockholder Matters. Any stockholder action, approval or consent required, desired or otherwise sought by the Company pursuant
to the FBCA, the Certificate of Incorporation, this Certificate of Designations or otherwise with respect to the issuance of Preferred
Shares may be effected by written consent of the Company’s stockholders or at a duly called meeting of the Company’s
stockholders, all in accordance with the applicable rules and regulations of the FBCA. This provision is intended to comply with
the applicable Sections of the FBCA permitting stockholder action, approval and consent affected by written consent in lieu of
a meeting.

 

(b)
Amendment. This Certificate of Designations or any provision hereof may be amended by obtaining the affirmative vote at
a meeting duly called for such purpose, or written consent without a meeting in accordance with the FBCA, of the Required Holders,
voting separate as a single class, and with such other stockholder approval, if any, as may then be required pursuant to the FBCA
and the Certificate of Incorporation.

 

17.
Certain Defined Terms. For purposes of this Certificate of Designations, the following terms shall have the following meanings:

 

(a)
“1934 Act” means the Securities Exchange Act of 1934, as amended.

 

(b)
“Bloomberg” means Bloomberg, L.P.

 

(c)
“Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City
of New York are authorized or required by law to remain closed.

 

(d)
“Closing Sale Price” means, for any security as of any date, the last closing trade price, respectively, for
such security on the Principal Market, as reported by Bloomberg, or, if the Principal Market begins to operate on an extended
hours basis and does not designate the closing trade price (as the case may be) then the last trade price of such security prior
to 4:00:00 p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange
or trading market for such security, the last trade price of such security on the principal securities exchange or trading market
where such security is listed or traded as reported by Bloomberg, or if the foregoing do not apply, the last trade price of such
security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no
last trade price is reported for such security by Bloomberg, the average of the bid prices, or the ask prices, respectively, of
any market makers for such security as reported in the OTC Pink Market operated by OTC Markets Group Inc. If the Closing Sale
Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Closing Sale Price of such security
on such date shall be the fair market value as mutually determined by the Company and the applicable Holder. If the Company and
such Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved in accordance
with the procedures in the Exchange Agreement. All such determinations shall be appropriately adjusted for any stock dividend,
stock split, stock combination or other similar transaction during such period.

 

(e)
“Common Stock” means the Company’s shares of common stock, $0.001 par value per share, and (ii) any capital
stock into which such common stock shall have been changed or any share capital resulting from a reclassification of such common
stock.

 

(f)
“Conversion Amount” means, with respect to each Preferred Share, as of the applicable date of determination,
the Stated Value thereof.

 

(g)
“Conversion Price” means, with respect to each Preferred Share, as of any Conversion Date or other applicable
date of determination shall be the lower of (i) $0.075, subject to adjustment as provided herein, or (ii) the Market Price.

 

    	 	10	 

    	 

    

 

(h)
“Convertible Securities” means any stock or other security (other than Options) that is at any time and under
any circumstances, directly or indirectly, convertible into, exercisable or exchangeable for, or which otherwise entitles the
holder thereof to acquire, any shares of Common Stock.

 

(i)
“Eligible Market” means The New York Stock Exchange, the NYSE MKT, the Nasdaq Global Select Market, the Nasdaq
Global Market or the Principal Market.

 

(j)
“Fundamental Transaction” means that (i) the Company or any of its Subsidiaries shall, directly or indirectly,
in one or more related transactions, (A) consolidate or merge with or into (whether or not the Company or any of its Subsidiaries
is the surviving corporation) any other Person, or (B) sell, lease, license, assign, transfer, convey or otherwise dispose of
all or substantially all of its respective properties or assets to any other Person, or (C) allow any other Person to make a purchase,
tender or exchange offer that is accepted by the holders of more than 50% of the outstanding shares of Voting Stock of the Company
(not including any shares of Voting Stock of the Company held by the Person or Persons making or party to, or associated or affiliated
with the Persons making or party to, such purchase, tender or exchange offer), or (D) consummate a stock or share purchase agreement
or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement)
with any other Person whereby such other Person acquires more than 50% of the outstanding shares of Voting Stock of the Company
(not including any shares of Voting Stock of the Company held by the other Person or other Persons making or party to, or associated
or affiliated with the other Persons making or party to, such stock or share purchase agreement or other business combination),
or (E) reorganize, recapitalize or reclassify the Common Stock, or (ii) any “person” or “group” (as these
terms are used for purposes of Sections 13(d) and 14(d) of the 1934 Act and the rules and regulations promulgated thereunder)
is or shall become the “beneficial owner” (as defined in Rule 13d-3 under the 1934 Act), directly or indirectly, of
50% of the aggregate ordinary voting power represented by issued and outstanding Voting Stock of the Company.

 

(k)
“Initial Issuance Date” means February 13, 2019.

 

(l)
“Liquidation Event” means, whether in a single transaction or series of transactions, the voluntary or involuntary
liquidation, dissolution or winding up of the Company or such Subsidiaries the assets of which constitute all or substantially
all of the assets of the business of the Company and its Subsidiaries, taken as a whole.

 

(m)
“Options” means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible
Securities.

 

(n)
“Parent Entity” of a Person means an entity that, directly or indirectly, controls the applicable Person and
whose common stock or equivalent equity security is quoted or listed on an Eligible Market, or, if there is more than one such
Person or Parent Entity, the Person or Parent Entity with the largest public market capitalization as of the date of consummation
of the Fundamental Transaction.

 

(o)
“Person” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a
trust, an unincorporated organization, any other entity or a government or any department or agency thereof.

 

(p)
“Principal Market” means the OTC Bulletin Board, the OTCQB, or the OTCQX (or any successor of the foregoing).

 

    	 	11	 

    	 

    

 

(q)
“Exchange Agreement” means that certain Exchange Agreement, dated as of February 13, 2019, by and among the
Company and the investor signatory thereto entered into with respect to the Preferred Shares.

 

(r)
“Market Price” means the then lowest bid for the Company’s Common Stock on the Company’s Principal
Market as reported by Bloomberg up to the time a Conversion Notice is submitted to the Company on the date on which the Conversion
Notice is submitted to the Company.

 

(r)
“Required Holders” means the holders of at least 50.1% of the outstanding Preferred Shares.

 

(s)
“Securities” means, collectively, the Preferred Shares and the shares of Common Stock issuable upon conversion
of the Preferred Shares.

 

(t)
“Stated Value” shall mean $0.075 per share, subject to adjustment for stock splits, stock dividends, recapitalizations,
reorganizations, reclassifications, combinations, subdivisions or other similar events occurring after the Initial Issuance Date
with respect to the Preferred Shares.

 

(u)
“Subsidiary” means any Person in which the Company, directly or indirectly, (i) owns a majority of the outstanding
capital stock or holds a majority of equity or similar interest of such Person or (ii) controls or operates all or any part of
the business, operations or administration of such Person.

 

(v)
“Successor Entity” means the Person (or, if so elected by the Required Holders, the Parent Entity) formed by,
resulting from or surviving any Fundamental Transaction or the Person (or, if so elected by the Required Holders, the Parent Entity)
with which such Fundamental Transaction shall have been entered into.

 

(w)
“Trading Day” means any day on which the Common Stock is traded on the Principal Market, or, if the Principal
Market is not the principal trading market for the Common Stock, then on the principal securities exchange or securities market
on which the Common Stock is then traded, provided that “Trading Day” shall not include any day on which the Common
Stock is scheduled to trade on such exchange or market for less than 4.5 hours or any day that the Common Stock is suspended from
trading during the final hour of trading on such exchange or market (or if such exchange or market does not designate in advance
the closing time of trading on such exchange or market, then during the hour ending at 4:00:00 p.m., New York time) unless such
day is otherwise designated as a Trading Day in writing by the Required Holders.

 

(x)
“Transaction Documents” means this Certificate of Designations, the Exchange Agreement and each of the other
agreements and instruments entered into or delivered by the Company or any of the Holders in connection with the transactions
contemplated thereby, all as may be amended from time to time in accordance with the terms hereof or thereof.

 

18.
Disclosure. Upon receipt or delivery by the Company of any notice in accordance with the terms of this Certificate of Designations,
unless the Company has in good faith determined that the matters relating to such notice do not constitute material, non-public
information relating to the Company or any of its Subsidiaries, the Company shall not later than four (4) Trading Days following
any such receipt or delivery publicly disclose such material, non-public information on a Current Report on Form 8-K or otherwise.
In the event that the Company believes that a notice contains material, non-public information relating to the Company or any
of its Subsidiaries, the Company so shall indicate to each Holder contemporaneously with delivery of such notice, and in the absence
of any such indication, each Holder shall be allowed to presume that all matters relating to such notice do not constitute material,
non-public information relating to the Company or its Subsidiaries.

 

[signature
page follows]

 

    	 	12	 

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Certificate of Designations of Series B Convertible Preferred Stock of The Greater
Cannabis Company, Inc. to be signed by its Chief Executive Officer on this 14th day of February 2019.

 

	 	THE
    GREATER CANNABIS COMPANY, INC.
	 	 	          
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	 	13	 

    	 

    

 

EXHIBIT
I

 

THE
GREATER CANNABIS COMPANY, INC.

CONVERSION
NOTICE

 

Reference
is made to the Certificate of Designations, Preferences and Rights of the Series B Convertible Preferred Stock of The Greater
Cannabis Company, Inc. (the “Certificate of Designations”). In accordance with and pursuant to the Certificate
of Designations, the undersigned hereby elects to convert the number of shares of Series B Convertible Preferred Stock, $0.001
par value per share (the “Preferred Shares”), of The Greater Cannabis Company, Inc., a Florida corporation
(the “Company”), indicated below into shares of common stock, $0.001 value per share (the “Common
Stock”), of the Company, as of the date specified below.

 

	 	Date
    of Conversion:	 

 

	 	Number
    of Preferred Shares to be converted:	 

 

	 	Share
    certificate no(s). of Preferred Shares to be converted:	 

 

	 	Tax
    ID Number (If applicable):	 

 

	 	Conversion
    Price:	 

 

	 	Number
    of shares of Common Stock to be issued:	 

 

Please
issue the shares of Common Stock into which the Preferred Shares are being converted in the following name and to the following
address:

 

	Issue
    to:	 	 
	 	 
	 	 	 
	Address:	 	 

 

	Telephone
    Number:	 	 
	 	 	 
	Facsimile
    Number:	 	 

 

	Holder:	 	 
	 	 	 
	By:	 	 
	Title:	 	 
	 	 	 
	Dated:	 	 

 

	Account
    Number (if electronic book entry transfer):	 

	Transaction
    Code Number (if electronic book entry transfer):	 

 

    	 	14	 

    	 

    

 

EXHIBIT
II

 

ACKNOWLEDGMENT

 

The
Company hereby acknowledges this Conversion Notice and hereby directs __________ to issue the above-indicated number of
shares of Common Stock in accordance with the Irrevocable Transfer Agent Instructions dated February 14, 2019 from the Company
and acknowledged and agreed to by _____________.

 

	 	THE
    GREATER CANNABIS COMPANY, INC.
	 	 	          
	 	By:	 
	 	Name:	 
	 	Title:	 

 

 

    	 	15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}]]