Document:

THIS
NOTE AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE “1933 ACT”)

 

Issuance
Date: October 18, 2019

144
Date: June 13, 2018

US
$7,018.15

 

GREATER
CANNABIS COMPANY, INC.

6%
CONVERTIBLE REDEEMABLE NOTE

DUE
FEBRUARY 12, 2020

 

FOR
VALUE RECEIVED, Greater Cannabis Company, Inc. (the “Company”) promises to pay to the order of Emet Capital Partners,
LLC and its authorized successors and Permitted Assigns, defined below, (“Holder”), the aggregate principal
face amount of Seven Thousand Eighteen Dollars and Fifteen Cents exactly (U.S. $7,018.15) on February 12, 2020 (“Maturity
Date”) and to pay interest on the principal amount outstanding hereunder at the rate of 6% per annum commencing on the
Issuance Date. The interest will be paid to the Holder in whose name this Note is registered on the records of the Company
regarding registration and transfers of this Note. The principal of, and interest on, this Note are payable at 7703 Springfield
Lake Drive, Lake Worth, FL 33467, initially, and if changed, last appearing on the records of the Company as designated in writing
by the Holder hereof from time to time. The Company will pay each interest payment and the outstanding principal due upon this
Note before or on the Maturity Date, less any amounts required by law to be deducted or withheld, to the Holder of this Note by
check or wire transfer addressed to such Holder at the last address appearing on the records of the Company. The forwarding of
such check or wire transfer shall constitute a payment of outstanding principal hereunder and shall satisfy and discharge the
liability for principal on this Note to the extent of the sum represented by such check or wire transfer. Interest shall be payable
in Common Stock (as defined below) pursuant to paragraph 4(b) herein. Permitted Assigns means any Holder assignment, transfer
or sale of all or a portion of this Note accompanied by an Opinion of Counsel as provided for in Section 2(f) of the “Securities
Purchase Agreement”. “Securities Purchase Agreement” shall mean the Securities Purchase Agreement between the
Company an Eagle Equities LLC dated as of February 12, 2019.

 

This
Note is subject to the following additional provisions:

 

1.
This Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations, as requested
by the Holder surrendering the same. No service charge will be made for such registration or transfer or exchange, except that
Holder shall pay any tax or other governmental charges payable in connection therewith. To the extent that Holder subsequently
transfers, assigns, sells or exchanges any of the multiple lesser denomination notes, Holder acknowledges that it will provide
the Company with Opinions of Counsel as provided for in Section 2(f) of the Securities Purchase Agreement.

 

2.
The Company shall be entitled to withhold from all payments any amounts required to be withheld under applicable laws.

 

    	 

    	 

    

 

3.
This Note may be transferred or exchanged only in compliance with the Securities Act of 1933, as amended (“Act”),
applicable state securities laws and Sections 2(f) and 5(f) of the Securities Purchase Agreement. Any attempted transfer to a
non-qualifying party shall be treated by the Company as void. Prior to due presentment for transfer of this Note, the Company
and any agent of the Company may treat the person in whose name this Note is duly registered on the Company’s records as
the owner hereof for all other purposes, whether or not this Note be overdue, and neither the Company nor any such agent shall
be affected or bound by notice to the contrary. Any Holder of this Note electing to exercise the right of conversion set forth
in Section 4(a) hereof, in addition to the requirements set forth in Section 4(a), and any prequalified prospective transferee
of this Note, also is required to give the Company written confirmation that this Note is being converted (“Notice of
Conversion”) in the form annexed hereto as Exhibit A. The date of receipt (including receipt by telecopy) of
such Notice of Conversion shall be the Conversion Date. All notices of conversion will be accompanied by an Opinion of Counsel.

 

4.
(a) The Holder of this Note is entitled, at its option, at any time, to convert all or any amount of the principal face amount
of this Note then outstanding into shares of the Company’s common stock (the “Common Stock”) at a price
(“Conversion Price”) for each share of Common Stock equal to 65% of the lowest closing price
of the Common Stock as reported on the National Quotations Bureau OTC Market exchange which the Company’s shares are traded
or any exchange upon which the Common Stock may be traded in the future (“Exchange”), for the fifteen
prior trading days including the day upon which a Notice of Conversion is received by the Company (provided such Notice
of Conversion is delivered together with an Opinion of Counsel, by fax or other electronic method of communication to the Company
after 4 P.M. Eastern Standard or Daylight Savings Time if the Holder wishes to include the same day closing price). For purposes
of the above calculations, a day shall not be considered a trading day if there was no trading volume for the Company’s
Common Stock for that particular day. If the shares have not been delivered within 3 business days, the Notice of Conversion may
be rescinded. Such conversion shall be effectuated by the Company delivering the shares of Common Stock to the Holder within 3
business days of receipt by the Company of the Notice of Conversion. Accrued, but unpaid interest shall be subject to conversion.
No fractional shares or scrip representing fractions of shares will be issued on conversion, but the number of shares issuable
shall be rounded to the nearest whole share. To the extent the Conversion Price of the Company’s Common Stock closes below
the par value per share, the Company will take all steps necessary to solicit the consent of the stockholders to reduce the par
value to the lowest value possible under law. The Company agrees to honor all conversions submitted pending this increase. In
the event the Company experiences a DTC “Chill” on its shares, the conversion price shall be decreased to 55% instead
of 65% while that “Chill” is in effect. In no event shall the Holder be allowed to effect a conversion if such
conversion, along with all other shares of Company Common Stock beneficially owned by the Holder and its affiliates would exceed
4.99% of the outstanding shares of the Common Stock of the Company (which may be increased up to 9.9% upon 60 days’ prior
written notice by the Investor). The Conversion Discount may be decreased by 10% from 55% to 65% (resulting in an increased conversion
discount from 35% to 45%) as set forth in Section 4(h) of the Securities Purchase Agreement.

 

(b)
Interest on any unpaid principal balance of this Note shall be paid at the rate of 6% per annum. Interest shall be paid by the
Company in Common Stock (“Interest Shares”). Holder may, at any time commencing six months after the date of funding
to the Company by the Holder, send in a Notice of Conversion to the Company for Interest Shares based on the formula provided
in Section 4(a) above. The dollar amount converted into Interest Shares shall be all or a portion of the accrued interest calculated
on the unpaid principal balance of this Note to the date of such notice.

 

(c)
The Notes may be prepaid or assigned with the following penalties/premiums:

 

	PREPAY
    DATE 	 	PREPAY
    AMOUNT 
	≤
    30 days 	 	105%
    * (P+I) 
	31-
    60 days 	 	110%
    * (P+I) 
	61-90
    days 	 	115%
    * (P+I) 
	91-120
    days 	 	120%
    * (P+I) 
	121-150
    days 	 	125%
    * (P+I) 
	151-180
    days 	 	130%
    * (P+I) 

 

This
Note may not be prepaid after the 180th day. Such redemption must be closed and funded within 3 days of giving notice
of redemption of the right to redeem shall be null and void.

 

    	 

    	 

    

 

(d)
Upon (i) a transfer of all or substantially all of the assets of the Company to any person in a single transaction or series of
related transactions, (ii) a reclassification, capital reorganization (excluding an increase in authorized capital) or other change
or exchange of outstanding shares of the Common Stock, other than a forward or reverse stock split or stock dividend, or (iii)
any consolidation or merger of the Company with or into another person or entity in which the Company is not the surviving entity
(other than a merger which is effected solely to change the jurisdiction of incorporation of the Company and results in a reclassification,
conversion or exchange of outstanding shares of Common Stock solely into shares of Common Stock) (each of items (i), (ii) and
(iii) being referred to as a “Sale Event”), then, in each case, the Company shall, upon request of the Holder, redeem
this Note in cash for 150% of the principal amount, plus accrued but unpaid interest through the date of redemption, or at the
election of the Holder, such Holder may convert the unpaid principal amount of this Note (together with the amount of accrued
but unpaid interest) into shares of Common Stock immediately prior to such Sale Event at the Conversion Price.

 

(e)
In case of any Sale Event (not to include a sale of all or substantially all of the Company’s assets) in connection with
which this Note is not redeemed or converted, the Company shall cause effective provision to be made so that the Holder of this
Note shall have the right thereafter, by converting this Note, to purchase or convert this Note into the kind and number of shares
of stock or other securities or property (including cash) receivable upon such reclassification, capital reorganization or other
change, consolidation or merger by a holder of the number of shares of Common Stock that could have been purchased upon exercise
of the Note and at the same Conversion Price, as defined in this Note, immediately prior to such Sale Event. The foregoing provisions
shall similarly apply to successive Sale Events. If the consideration received by the holders of Common Stock is other than cash,
the value shall be as determined by the Board of Directors of the Company or successor person or entity acting in good faith.

 

5.
No provision of this Note shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the
principal of, and interest on, this Note at the time, place, and rate, and in the form, herein prescribed.

 

6.
The Company hereby expressly waives demand and presentment for payment, notice of non-payment, protest, notice of protest, notice
of dishonor, notice of acceleration or intent to accelerate, and diligence in taking any action to collect amounts called for
hereunder and shall be directly and primarily liable for the payment of all sums owing and to be owing hereto.

 

7.
The Company agrees to pay all costs and expenses, including reasonable attorneys’ fees and expenses, which may be incurred
by the Holder in collecting any amount due under this Note.

 

8.
If one or more of the following described “Events of Default” shall occur:

 

(a)
The Company shall default in the payment of principal or interest on this Note or any other note issued to the Holder by the Company;
or

 

(b)
Any of the representations or warranties made by the Company herein orin any certificate or financial or other written statements
heretofore or hereafter furnished by or on behalf of the Company in connection with the execution and delivery of this Note, or
the Securities Purchase Agreement under which this note was issued shall be false or misleading in any respect; or

 

    	 

    	 

    

 

(c)
The Company shall fail to perform or observe, in any respect, any covenant, term, provision, condition, agreement or obligation
of the Company under this Note or any other note issued to the Holder; or

 

(d)
The Company shall (1) become insolvent (which does not include a “going concern opinion); (2) admit in writing its inability
to pay its debts generally as they mature; (3) make an assignment for the benefit of creditors or commence proceedings for its
dissolution; (4) apply for or consent to the appointment of a trustee, liquidator or receiver for its or for a substantial part
of its property or business; (5) file a petition for bankruptcy relief, consent to the filing of such petition or have filed against
it an involuntary petition for bankruptcy relief, all under federal or state laws as applicable; or

 

(e)
A trustee, liquidator or receiver shall be appointed for the Company or fora substantial part of its property or business without
its consent and shall not be discharged within sixty (60) days after such appointment; or

 

(f)
Any governmental agency or any court of competent jurisdiction at the instance of any governmental agency shall assume custody
or control of the whole or any substantial portion of the properties or assets of the Company; or

 

(g)
One or more money judgments, writs or warrants of attachment, or similar process, in excess of one hundred thousand dollars ($100,000)
in the aggregate, shall be entered or filed against the Company or any of its properties or other assets and shall remain unpaid,
unvacated, unbonded or unstayed for a period of fifteen (15) days or in any event later than five (5) days prior to the date of
any proposed sale thereunder; or

 

(h)
Defaulted on or breached any term of any other note of similar debt instrument into which the Company has entered and failed to
cure such default within the appropriate grace period; or

 

(i)
The Company shall have its Common Stock delisted from an exchange (including the OTC Markets exchange) or, if the Common Stock
trades on an exchange, then trading in the Common Stock shall be suspended for more than 10 consecutive days or ceases to file
its 1934 act reports with the SEC;

 

(j)
If a majority of the members of the Board of Directors of the Company on the date hereof are no longer serving as members of the
Board;

 

(k)
The Company shall not deliver to the Holder the Common Stock pursuant to paragraph 4 herein without restrictive legend within
3 business days of its receipt of a Notice of Conversion which includes an Opinion of Counsel expressing an opinion which supports
the removal of a restrictive legend; or

 

(l)
The Company shall not replenish the reserve set forth in Section 12, within 3 business days of the request of the Holder.

 

(m)
The Company shall be delinquent in its periodic report filings with the Securities and Exchange Commission; or

 

(n)
The Company shall cause to lose the “bid” price for its stock in a market (including the OTC marketplace or other
exchange); or

 

    	 

    	 

    

 

Then,
or at any time thereafter, unless cured within 5 days of receipt of written notice thereof from the Holder, and in each and every
such case, unless such Event of Default shall have been waived in writing by the Holder (which waiver shall not be deemed to be
a waiver of any subsequent default) at the option of the Holder and in the Holder’s sole discretion, the Holder may consider
this Note immediately due and payable, without presentment, demand, protest or (further) notice of any kind (other than notice
of acceleration), all of which are hereby expressly waived, anything herein or in any note or other instruments contained to the
contrary notwithstanding, and the Holder may immediately, and without expiration of any period of grace, enforce any and all of
the Holder’s rights and remedies provided herein or any other rights or remedies afforded by law. Upon an Event of Default,
interest shall accrue at a default interest rate of 24% per annum or, if such rate is usurious or not permitted by current law,
then at the highest rate of interest permitted by law. In the event of a breach of Section 8(k) the penalty shall be $250 per
day the shares are not issued beginning on the 4th day after the conversion notice was delivered to the Company. This
penalty shall increase to $500 per day beginning on the 10th day. The penalty for a breach of Section 8(n) shall be
an increase of the outstanding principal amounts by 20%. Further, if a breach of Section 8(m) occurs or is continuing after the
6 month anniversary of the Note, then the Holder shall be entitled to use the lowest closing bid price during the delinquency
period as a base price for the conversion. For example, if the lowest closing bid price during the delinquency period is $0.01
per share and the conversion discount is 50% the Holder may elect to convert future conversions at $0.005 per share

 

If
the Holder shall commence an action or proceeding to enforce any provisions of this Note, including, without limitation, engaging
an attorney, then if the Holder prevails in such action, the Holder shall be reimbursed by the Company for its attorneys’
fees and other costs and expenses incurred in the investigation, preparation and prosecution of such action or proceeding.

 

Make-Whole
for Failure to Deliver Loss. At the Holder’s election, if the Company fails for any reason to deliver to the Holder the
conversion shares by the by the 3rd business day following the delivery of a Notice of Conversion to the Company and if the Holder
incurs a Failure to Deliver Loss, then at any time the Holder may provide the Company written notice indicating the amounts payable
to the Holder in respect of the Failure to Deliver Loss and the Company must make the Holder whole as follows:

 

Failure
to Deliver Loss = [(Highest VWAP for the 30 trading days on or after the day of exercise) x (Number of conversion shares)]

 

The
Company must pay the Failure to Deliver Loss by cash payment, and any such cash payment must be made by the third business day
from the time of the Holder’s written notice to the Company.

 

9.
In case any provision of this Note is held by a court of competent jurisdiction to be excessive in scope or otherwise invalid
or unenforceable, such provision shall be adjusted rather than voided, if possible, so that it is enforceable to the maximum extent
possible, and the validity and enforceability of the remaining provisions of this Note will not in any way be affected or impaired
thereby.

 

10.
Neither this Note nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument signed
by the Company and the Holder.

 

11.
The Company represents that it is not a “shell” issuer and that if it previously has been a “shell” issuer
that the Company reported Form 10 type information indicating it is no longer a “shell issuer on November 15, 2018

 

12.
The Company shall issue irrevocable transfer agent instructions reserving shares of its Common Stock for conversions under this
Note in an amount equal to 400% of the discounted value of the funded portion of the Note (the “Share Reserve”). Upon
full conversion of this Note, any shares remaining in the Share Reserve shall be cancelled. The Company shall pay all transfer
agent costs associated with issuing and delivering the share certificates to Holder. If such amounts are to be paid by the Holder,
it may deduct such amounts from the Conversion Price. The company should at all times reserve a minimum of four times the amount
of shares required if the note would be fully converted. The Holder may reasonably request increases from time to time to reserve
such amounts. The Company will instruct its transfer agent to provide the outstanding share information to the Holder in connection
with its conversions.

 

    	 

    	 

    

 

13.
The Company will give the Holder direct notice of any corporate actions, including but not limited to name changes, stock splits,
recapitalizations etc. This notice shall be given to the Holder as soon as possible under law.

 

14.
If it shall be found that any interest or other amount deemed interest due hereunder violates the applicable law governing usury,
the applicable provision shall automatically be revised to equal the maximum rate of interest or other amount deemed interest
permitted under applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim
or take advantage of any law that would prohibit or forgive the Company from paying all or a portion of the principal or interest
on this Note.

 

15.
This Note shall be governed by and construed in accordance with the laws of Nevada applicable to contracts made and wholly to
be performed within the State of Nevada and shall be binding upon the successors and assigns of each party hereto. The Holder
and the Company hereby mutually waive trial by jury and consent to exclusive jurisdiction and venue in the courts of the State
of New York or in the Federal courts sitting in the county or city of New York. This Agreement may be executed in counterparts,
and the facsimile transmission of an executed counterpart to this Agreement shall be effective as an original.

 

[REST
OF THIS PAGE LEFT INTENTIONALLY BLANK]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Note to be duly executed by an officer thereunto duly authorized.

 

Dated:
October 18, 2019

 

	GREATER
    CANNABIS COMPANY, INC.	 
	 	 	 
	By:	 	 
	Title:	CEO	 

 

    	 

    	 

    

 

EXHIBIT
A

 

NOTICE
OF CONVERSION

 

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

 

The
undersigned hereby irrevocably elects to convert $___________ of the above Note into _________ Shares of Common Stock of Greater
Cannabis Company, Inc. (“Shares”) according to the conditions set forth in such Note, as of the date written below.

 

If
Shares are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer and
other taxes and charges payable with respect thereto.

 

	Date
    of Conversion:	Applicable
    Conversion Price:

Signature:

[Print
Name of Holder and Title of Signer]

Address:

 

SSN
or EIN:

Shares
are to be registered in the following name:

 

	Name:	Address:

Tel:

Fax:

SSN
or EIN:

 

Shares
are to be sent or delivered to the following account:

 

Account
Name:

Address: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 notes and allonges convertible into the Company’s common stock on Schedule A (the “Old
Notes” and designated ON1 through ON3 as set forth on Schedule A). The Notes are past due and in default;

 

WHEREAS,
the Investor has partially exercised the Warrants.

 

WHEREAS,
the Company issued securities which were a “Dilutive Issuance” pursuant to the Old Notes.

 

WHEREAS,
the Company and Investor desires to exchange the Old Notes (the “Surrendered Securities”) for new convertible
notes in the form annexed hereto as Exhibit B in the amounts set forth on Schedule B (the “New Securities”)
which shall be convertible into shares of the Company’s common stock pursuant to the terms of the New Securities (the “Conversion
Shares”).

 

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 New Securities (the “Exchange”).
The New Securities shall be issued pursuant to an exemption from registration under Section 3(a)(9) of the Securities Act, as
amended. The New Securities shall each be issued in three securities: one for $3,128.79 (“N1”), one for $15,439.93
(“N2”), and one for $7,018.15 (“N3”). N1 is being exchanged for ON1, N2 is being exchanged for ON2, and
N3 is being exchanged for ON3. The New Securities shall each be deemed a note under the Securities Purchase Agreement dated September
14, 2017 (“SPA”), between the Company and Investor, and have all the rights of a note under the SPA.
The form of the Notes is annexed hereto as Exhibit A. The New Securities shall have an extended maturity date and an increased
principal amount.

 

2. Tacking.
The Company acknowledges that the Investor’s holding period of the New Securities shall tack, for Rule 144 purposes, back
to the dates set forth on Schedule B.

 

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. 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 C 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 New Securities and shares of the Company’s common
stock upon conversion of the New Securities.

 

5. Consideration.
The Company acknowledges that the sole consideration for the issuance of the New Securities is the Surrendered Securities.

 

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.

 

    	 	-1- 	 

    	 

    

 

(b) Corporate
Power. The Company has all requisite legal and corporate power and authority to execute and deliver this Agreement, to issue
the New Securities 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 New Securities and issuance
of the shares of the Company’s common stock upon conversion of the 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.

 

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 Notes for its own account.

 

    	 	-2- 	 

    	 

    

 

(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”).

 

8. 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.

 

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.

 

    	 	-3- 	 

    	 

    

 

(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 ANDINTENTIONALLY, 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]

 

    	 	-4- 	 

    	 

    

 

 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

Notes

 

	1.	A
    note dated May 25, 2017 in the original principal amount of $55,000.00, of which $2,798.70 remains outstanding and $330.09
    of interest remains accrued as of 10/18/19;
	2.	An
    allonge to the September 14, 2018 Note dated March 28, 2018, in the original principal amount of $12,100.00, of which $12,100.00
    remains outstanding and $3.339.93 of interest and default damages remains accrued as of 10/18/19; and
	3.	An
    allonge to the September 14, 2018 Note dated June 13, 2018, in the original principal amount of $5,500.00, of which $5,500.00
    remains outstanding and $1.518.15.93 of interest and default damages remains accrued as of 10/18/19;

 

Schedule
B

New
Securities

 

	New
    Security	 	Tacking
    Date	 	Amount	 
	N1	 	5/25/17	 	$	3,128.79	 
	N2	 	3/28/18	 	$	15,439.93	 
	N3	 	6/13/18	 	$	7,018.15	 
		 	Total	 	$	25,586.87

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