Common use of Contracts to be Assigned Clause in Contracts

Contracts to be Assigned. Marijuana Medicine Evaluation Centers 420Medicard Compassionate Health Options Alternative Medicine Consultants Bakersfield 420Evaluations Long Beach 420 Evaluations Cannamed Colorado Medical Marijuana Evaluations Michican Medical Marijuana Certification Centers Medical Marijuana Evaluations of New Mexico Medical Marijuana Evaluations of California SFB-THC THC-MI Pasadena Medical Evaluations Serenity Medical Evaluations ▇▇. ▇▇▇▇▇- Michigan Company: General Cannabis, Inc., a Nevada corporation (the “Company”). Offering: 500,000 shares of common stock Capitalization: Before the offering: · The Company is authorized to issue 200,000,000 shares of common stock and 20,000,000 shares of preferred stock. · There are 82,640,256 shares of common stock, and no shares of preferred stock, outstanding. · There are contractual obligations to issue another 16,000,000 shares of common stock through January 2014 if certain financial milestones are met by one of our recently acquired subsidiaries. After the offering: · There will be 83,140,256 shares of common stock issued and outstanding.