June 26, 2015 Uses in Option Information Clause

Option Information from Employee Nonstatutory Stock Option Agreement

THIS EMPLOYEE NONSTATUTORY STOCK OPTION AGREEMENT (Agreement) is made and entered into as of the date set forth below, by and between General Cannabis Corp, a Colorado corporation (the Company), and the following member of the Companys Board of Directors (Optionee):

Option Information. a) Date of Option: June 26, 2015 (b) Optionee: Peter Boockvar (c) Number of Shares: 150,000 (d) Exercise Price: $2.15