SEC Contract Filing

Filing Date: 2021-11-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10x1.htm
<DESCRIPTION>EXHBIT 10.1 - DISTRIBUTION AGREEMENT
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<P STYLE="text-align: right; margin: 0">Exhibit 10.1</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 18pt/107% Cambria, Times, Serif; margin: 0 0.1pt 0 0; text-align: center; text-indent: 0in"><B>DISTRIBUTION AGREEMENT
</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0 0 0.25pt; text-align: justify; text-indent: -0.5pt">This Distribution
Agreement (the &ldquo;Agreement&rdquo;) is entered into as of November 1, 2021 (the &ldquo;Effective Date&rdquo;) between Cannabis Global,
Inc. a Nevada corporation (&ldquo;Cannabis Global&rdquo;), and Humboldt Bliss, a Barbadian Limited Company (the &ldquo;Distributor&rdquo;).
Cannabis Global and Distributor are referred to herein collectively as the &ldquo;Parties&rdquo; and individually as a &ldquo;Party&rdquo;
hereto.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.05pt; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0.05pt; text-indent: -0.5pt">SECTION 1 - Recitals</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.05pt; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0 0 0.25pt 36.5pt; text-align: justify; text-indent: -0.5pt">On November
16, 2020, Cannabis Global entered into a business acquisition agreement with Ethos Technology LLC, dba Comply Bag, a California limited
liability company (&ldquo;Ethos&rdquo;). Ethos is a development stage business in the process of entering the market for cannabis trackable
storage bags. By virtue of the agreement, Ethos sold, assigned, and transferred to the Company all of Ethos&rsquo; business, including
all of its assets and associated liabilities.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0 0 0.25pt 36.5pt; text-align: justify; text-indent: -0.5pt">Cannabis
Global, via its control of Ethos, is the lawful holder of all rights for Comply Bag, which is a secure cannabis transport system with
integrated track and trace capabilities via smartphones.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0 0 0.25pt 36.5pt; text-align: justify; text-indent: -0.5pt">Cannabis
Global wishes to advance the marketing of the Comply Bag in order to meet its business growth goals via entering into this distribution
agreement.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0 0 0.25pt 36.5pt; text-align: justify; text-indent: -0.5pt">Humboldt
Bliss is engaged in various aspects of the cannabis business and has business relationships within this industry, which it believes it
can leverage to distribute the Products.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin: 0 0 0.25pt 36.5pt; text-align: justify; text-indent: -0.5pt">Thus, the
Parties enter into this Agreement, subject to the terms and conditions outlined in this Agreement, for all rights and assets of Cannabis
Global&rsquo;s intended operation of Comply Bag and corresponding mobile application operated by Cannabis Global out of Los Angeles, California,
including but not limited to the following purchased assets (collectively defined as &ldquo;The &ldquo;Products&rdquo;):</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0.25pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 10.9pt"><FONT STYLE="line-height: 103%">a)</FONT></TD><TD STYLE="text-align: justify">android and iOS based application,</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0.25pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 10.9pt"><FONT STYLE="line-height: 103%">b)</FONT></TD><TD STYLE="text-align: justify">ongoing updates to the android and iOS based application,</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0.25pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 10.9pt"><FONT STYLE="line-height: 103%">b)</FONT></TD><TD STYLE="text-align: justify">Comply Bag, and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/103% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0.25pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 10.9pt"><FONT STYLE="line-height: 103%">c)</FONT></TD><TD STYLE="text-align: justify">all related intellectual property of the Products.</TD></TR></TABLE>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt/107% Times New Roman, Times, Serif; margin: 0 0 0.05pt; text-indent: -0.5pt">SECTION 2 &ndash; Structure of
the Agreement</P>

<P STYLE="f