Document:

EXCHANGE
AGREEMENT

 

This
Exchange Agreement (this “Agreement”) is entered into as of October 18, 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 and Investor previously executed and Exchange Agreement dated February 14, 2019 (the “February Exchange”)
to exchange the Warrants for Series B Preferred Stock, but that transaction was never completed and the Warrants remain outstanding
as of the date hereof;

 

WHEREAS,
because the February Exchange did not close the Investor incurred damages of $76,625 (“Damage
Amount”); and

 

WHEREAS,
the Company and Investor desires to exchange the Warrants (the “Surrendered Securities”) for certain
promissory notes which shall be convertible into shares of the Company’s common stock pursuant to the terms thereof (the
“Notes”). Capitalized terms not otherwise defined herein shall have the meaning set forth in the Notes.

 

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 Notes (the
“Exchange”). The Notes shall be issued pursuant to an exemption from registration under Section
3(a)(9) of the Securities Act, as amended. The Notes shall be issued in four securities: one for $451,504.95
(“N1”), one for $112,876.28 (“N2”), one for $99,331.13 (“N3”), one for $11,287.65
(“N4”). N1 is being exchanged for W1,
N2 is being exchanged for W2, N3 is being exchanged for W3, and N4 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. The form of the Notes is annexed hereto as Exhibit A.

 

2. Tacking.
The Company acknowledges that the Investor’s holding period of the Notes shall tack, for Rule 144 purposes, as follows:
N1 shall tack back to May 25, 2017, N2 shall tack back to October 14, 2017, N3 shall tack back to March 28, 2018, and N4 shall
tack back to June 13, 2018.

 

3. Disclosure
Obligations. The Company shall, file a form 8K disclosing this transaction within the prescribed time period following
the execution of this agreement, disclosing the material terms of the transactions contemplated hereby.

 

4. February
Exchange. The Parties acknowledge that the February Exchange was never consummated and that the Company shall cancel any
shares of preferred stock issued in anticipation of the closing of the February Exchange. The Parties further acknowledge and
agree that the February Exchange agreement is deemed cancelled and void ab initio.

 

    	 	 	 

    	 

    

 

5. True
Up. In the event that the Investor does not realize proceeds of at least the Damage Amount from the sale of the first
1,768,829 shares of common stock (the “Initial Shares”) issued upon conversion of the Notes (the “Initial Proceeds”),
then the Company shall issue a number of Shares equal to the difference of the Damage Amount less the Initial Proceeds (the “True
Up Shares”). The True Up Shares will be valued at the Conversion Rate set forth in the Notes, calculated as if the last
day Initial Shares were sold is the Conversion Date.

 

6. 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 Notes and shares of the Company’s common stock upon
conversion of the Notes.

 

7. 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 Notes and Conversion Shares hereunder, and to carry out and perform its obligations under the terms of this Agreement and
the transactions contemplated hereby. A copy of the unanimous written consent of the Company’s Board of Directors is annexed
hereto as Exhibit C.

 

(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 Notes and issuance of the shares
of the Company’s common stock upon conversion of the Notes 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 Notes 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 Notes is the Investor’s surrender of the Warrants.

 

8. 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 Notes 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.

 

9. No
Short Sales. Investor, its successors, assigns and affiliates, agrees that so long any Notes remain outstanding, Investor
and its affiliates shall not, directly or indirectly, 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.

 

10. 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 PROCEEDINGIN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THEPARTIES
EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY
AND EXPRESSLY WAIVES FOREVER TRAIL BY JURY.

 

[Remainder
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:	Aitan Zacharin	 
	Its:	CEO	 
	 	 	 
	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 October 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.The
Greater Cannabis Company, Inc.

15
Walker Avenue, Suite 101

Baltimore,
MD 21208

 

	Pacific
    Stock Transfer 	 
	6725
    Via Austi Pkwy, Ste 300 	 
	Las
    Vegas, NV 89119 	 
	 	October
    18, 2019

 

Transfer
Agent:

 

The
Greater Cannabis Company, Inc. (“Issuer”) a Florida (state incorporated in) Corporation and Emet Capital Partners
LLC (“Investor”) have entered into two Exchange Agreements dated as of October 18, 2019 (the “Agreements”)
providing for the issuance of seven convertible notes (the “Notes”).

 

Copies
of the Notes are attached hereto. You should familiarize yourself with your issuance and delivery obligations, as Transfer Agent,
contained herein. The shares to be issued are to be registered in the name of the registered holder of the securities submitted
for conversion or exercise.

 

You
are hereby irrevocably authorized and instructed to reserve 175,000,000 shares of common stock (“Common Stock”) of
the Company for issuance upon full conversion of the Notes. The amount of Common Stock so reserved may be increased, from time
to time, by written instructions of the Investor so long as there are sufficient authorized and unissued shares of the company
not otherwise reserved available to do so.

 

You
are advised that the Investor may only convert $150,000.00 worth of Notes in any calendar month.

 

So
long as you have previously received confirmation from the Company (or Investor’s counsel) that the shares have been registered
under the 1933 Act or otherwise may be sold pursuant to Rule 144 without any restriction, and the Company or its counsel or Investor's
counsel provides an opinion of counsel to that effect that is satisfactory to the transfer agent, other documentation that may
reasonably be requested, and the number of shares to be issued are less than 4.99% of the total issued and outstanding common
stock of the Company, such shares should be transferred in certificated form without any legend which would restrict the transfer
of the shares, and you should remove all stop-transfer instructions relating to such shares (such shares shall be issued from
the reserve, but in the event there are insufficient reserve shares of Common Stock to accommodate a Conversion Notice your firm
and the Company agree that the Conversion Notice should be completed using authorized but unissued shares of Common Stock that
the Company has in its treasury that are not otherwise reserved). Until such time as you are advised by Investor or Company counsel
as above that the shares have been registered under the 1933 Act or otherwise may be sold pursuant to Rule 144 without any restriction,
you are hereby instructed to place the following legend on the certificates:

 

    	 	 	 

    	 

    

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES
MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT,
OR AN OPINION OF COUNSEL IN FORM, SUBSTANCE AND SCOPE CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS, THAT REGISTRATION
IS NOT REQUIRED OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.

 

The
Company hereby requests that your firm act promptly, without unreasonable delay and without the need for any action or confirmation
by the Company with respect to the issuance of Common Stock pursuant to any Conversion Notices received from the Investor.

 

The
Company shall indemnify you and your officers, directors, principals, partners, agents and representatives, and hold each of them
harmless from and against any and all loss, liability, damage, claim or expense (including the reasonable fees and disbursements
of its attorneys) incurred by or asserted against you or any of them arising out of or in connection with the instructions set
forth herein, the performance of your duties hereunder and otherwise in respect hereof, including the costs and expenses of defending
yourself or themselves against any claim or liability hereunder, including claims that may be asserted by the Company, except
that the Company shall not be liable hereunder as to matters in respect of which it is determined that you have acted with gross
negligence or in bad faith. You shall have no liability to the Company in respect to any action taken or any failure to act in
respect of this if such action was taken or omitted to be taken in good faith, and you shall be entitled to rely in this regard
on the advice of counsel.

 

The
Board of Directors of the Company has approved the foregoing (irrevocable instructions) and does hereby extend the Company's irrevocable
agreement to indemnify your firm for all loss, liability or expense in carrying out the authority and direction herein contained
on the terms herein set forth.

 

All
processing fees will be expected and payable upon receipt of the request from the presenter of such request. The Investor and
the Company understand and agree that the current cost of processing such a conversion is estimated to be between $205 and $275
which does not include RUSH fees. The Company and Investor understand and agree that Pacific Stock Transfer’s fee schedule
is subject to change and the Investor agrees to pay the full amount of any such conversion according to the Pacific Stock Transfer
fee schedule then in force. Pacific Stock Transfer shall not be obligated to process any request until and unless its fees are
paid.

 

The
Company agrees that the Transfer Agent may resign as the Company's transfer agent. In that event, or in the event that the company
terminates the Transfer Agent, the Transfer Agent reserves the right to and may complete any issuance or transfer requests then
pending. The Company shall engage a suitable replacement transfer agent that will agree to serve as transfer agent for the Company
and be bound by the terms and conditions of these Irrevocable Instructions within five (5) business days.

 

    	 	 	 

    	 

    

 

The
Company hereby authorizes the issuance of such number of shares as will be necessary to fully convert the Notes
under their terms and any such shares shall be considered fully paid and non-assessable at the
time of their issuance. The Company and the Investor agree that the Transfer Agent will be notified in writing by the Company
and the Investor when the Notes have been fully converted and if there are any remaining
shares in the reservation that are to be released and returned to the Company’s Authorized shares. The Company has executed
and delivered to PST a Board of Director’s Resolution, Minutes of the Meeting or Secretary’s Certificate indicating
such and Pacific Stock Transfer entered into this agreement in material reliance on such documentation.

 

The
Investor and Company expressly understand and agree that nothing in this Irrevocable Transfer Instruction Agreement shall require
or be construed in any way to require the transfer agent, in its sole discretion as the Transfer Agent, to do, take or not do
or take any action that would be contrary to any Federal or State law, rule, or regulation including but expressly not limited
to both the Securities Act of 1933 and the Securities and Exchange Act of 1934 as amended and the rules and regulations promulgated
there under by the Securities and Exchange Commission.

 

The
Transfer Agent is not responsible for determining the accuracy of any conversion notice and may rely on any instructions presented
to it consistent with this letter.

 

The
Investor is intended to be and are third party beneficiaries hereof, and no amendment or modification to the instructions set
forth herein may be made without the consent of the Investor.

 

THE
GREATER CANNABIS COMPANY, INC.

 

	 	 
	By:	 	 
	Its:	CEO	 
	 	 	 
	Acknowledged and Agreed:	 
	Pacific Stock Transfer	 
	 	 	 
	By:	 	 
	 	Joslyn
    G. Claiborne	 
	 	Director,
    Global Operations Center	 
	 	Pacific
    Stock Transfer Company

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