0001511164-17-000355.txt : 20170620
20170620173001
S-1
S-1
S-1
000151116417000355
69
Greater Cannabis Company, Inc.
>0001511164-17-000355.hdr.sgml : 20170620
20170620
<SEC-HEADER>0001511164-17-000355.hdr.sgml : 20170620
<ACCEPTANCE-DATETIME>20170620173001
ACCESSION NUMBER:		0001511164-17-000355
CONFORMED SUBMISSION TYPE:	S-1
PUBLIC DOCUMENT COUNT:		69
FILED AS OF DATE:		20170620

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Greater Cannabis Company, Inc.
		CENTRAL INDEX KEY:			0001695473
		IRS NUMBER:				300842570
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-1
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-218854
		FILM NUMBER:		17921617

	BUSINESS ADDRESS:	
		STREET 1:		735 ARLINGTON AVE N.
		STREET 2:		SUITE 308
		CITY:			ST. PETERSBURG
		STATE:			FL
		ZIP:			33701
		BUSINESS PHONE:		7274821505

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 521
		CITY:			ST. PETERSBURG
		STATE:			FL
		ZIP:			33731
</SEC-HEADER>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>9
<FILENAME>f101withcs.htm
<DESCRIPTION>ANTI-DILUTION AGREEMENT BETWEEN SYLIOS CORP AND THE GREATER CANNABIS COMPANY, INC. DATED AS OF FEBRUARY 22, 2017
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<DIV style="width:624px"><P style="margin:0px" align=center><FONT style="background-color:#FFFFFF"><B>ANTI-DILUTION AGREEMENT</B></FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">THIS ANTI-DILUTION AGREEMENT (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Agreement</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) is dated as of February 22</FONT><FONT style="background-color:#FFFFFF">, 2017</FONT><FONT style="background-color:#FFFFFF"> and is by and among </FONT><FONT style="background-color:#FFFFFF">THE GREATER CANNABIS COMPANY, INC., a Florida</FONT><FONT style="background-color:#FFFFFF"> corporation (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Company</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> or <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>GCC</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) and </FONT><FONT style="background-color:#FFFFFF">SYLIOS CORP</FONT><FONT style="background-color:#FFFFFF">, </FONT><FONT style="background-color:#FFFFFF">a Florida</FONT><FONT style="background-color:#FFFFFF"> corporation </FONT><FONT style="background-color:#FFFFFF">(<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Sylios</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>).</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">WHEREAS, Sylios</FONT><FONT style="background-color:#FFFFFF"> and the Company are both parties to that certain Let</FONT><FONT style="background-color:#FFFFFF">ter</FONT><FONT style="background-color:#FFFFFF"> Agreement</FONT><FONT style="background-color:#FFFFFF"> (<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Letter<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>)</FONT><FONT style="background-color:#FFFFFF">, dated February 2</FONT><FONT style="background-color:#FFFFFF">, 2017</FONT><FONT style="background-color:#FFFFFF">, which contemplates the execution and delivery of this </FONT><FONT style="background-color:#FFFFFF">Agreement by the parties hereto; and</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">WHEREAS, at the time of</FONT><FONT style="background-color:#FFFFFF"> entry into the Letter</FONT><FONT style="background-color:#FFFFFF">, Sylios had filed </FONT><FONT style="background-color:#FFFFFF">with FINRA </FONT><FONT style="background-color:#FFFFFF">to spin-off 80.01% of the common shares of GCC to Sylios shareholders as of record of the close of b</FONT><FONT style="background-color:#FFFFFF">usiness on February 3, 2017; and</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">WHEREAS, Sylios would retain a 19.99% equity stake in GCC through common shares.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">NOW, THEREFORE, in consideration of the premises and the representations, warranties, covenants and agreements contained in this Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged (including, without limitation, the en</FONT><FONT style="background-color:#FFFFFF">tering into the Letter</FONT><FONT style="background-color:#FFFFFF"> </FONT><FONT style="background-color:#FFFFFF">dated&#160;</FONT><FONT style="background-color:#FFFFFF">February 2</FONT><FONT style="background-color:#FFFFFF">, 2017</FONT><FONT style="background-color:#FFFFFF">, by and between </FONT><FONT style="background-color:#FFFFFF">Sylios and GCC (which at the time was a wholly owned subsidiary of Sylios) </FONT><FONT style="background-color:#FFFFFF">the parties hereto hereby agree as follows:</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 1.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Additional Issuances</U></FONT><FONT style="background-color:#FFFFFF">.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">(a) At any time after the date hereof, if the Company shall issue or propose to issue any additional shares of the Company<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s common stock, par value, $0.0</FONT><FONT style="background-color:#FFFFFF">0</FONT><FONT style="background-color:#FFFFFF">1 per share (<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Common Stock</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>), or warrants, options (excluding any options granted to employees of the Company in accordance with any employee plans, now or hereinafter in effect) or other rights or instruments of any kind convertible into or exercisable or exchangeable for shares of Common Stock (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Additional Securities</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>), Sylios</FONT><FONT style="background-color:#FFFFFF"> shall have the right to subscribe for and to purchase at the same price per share that number of Additional Securities necessary to maintain a Fully-Diluted Ownership Percentage (as defined herein below) in the Company equal to the lesser of: (i) Fully-Diluted Ownership Percentage of the Company on the date that a Subscription Notice (as defin</FONT><FONT style="background-color:#FFFFFF">ed below) is delivered to Sylios</FONT><FONT style="background-color:#FFFFFF"> hereunder, and (ii) of 19.9</FONT><FONT style="background-color:#FFFFFF">9</FONT><FONT style="background-color:#FFFFFF">% of the Company<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s issued and outstanding Common Stock. Any offer of Additional Securities made </FONT><FONT style="background-color:#FFFFFF">to Sylios</FONT><FONT style="background-color:#FFFFFF"> under this Section 1 shall be made by notice in writing (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Subscription Notice</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) at least 20 Business Days prior to the issuance of such Additional Securities. The Subscription Notice shall set forth (i) the number of Additional Securities proposed to be issued</FONT><FONT style="background-color:#FFFFFF"> to any Person other than Sylios</FONT><FONT style="background-color:#FFFFFF"> and the terms of such Additional Securities, (ii) the consideration (or manner of determining the consideration), if any, for which such Additional Securities are proposed to be issued and the terms of payment, (iii) the number of Additio</FONT><FONT style="background-color:#FFFFFF">nal Securities offered to Sylios</FONT><FONT style="background-color:#FFFFFF"> in compliance with the provisions of this Section 1 and (iv) the proposed date of issuance of such Additional Securities. Not later than 5 Business Days after delivery of a Subscription Notice in accordance with the notice provisions hereof, </FONT><FONT style="background-color:#FFFFFF">Sylios</FONT><FONT style="background-color:#FFFFFF"> shall deliver a notification to the Company in writing whether it elects to purchase all or any portion of the Additional Securities offered to </FONT><FONT style="background-color:#FFFFFF">Sylios</FONT><FONT style="background-color:#FFFFFF">, pursuant to the Subscription Notice; provided however, that the failure of </FONT><FONT style="background-color:#FFFFFF">Sylios</FONT><FONT style="background-color:#FFFFFF"> to respond in writing within 5 Business Days shall be deemed a waiver and negative</FONT></P>
<P style="margin:0px"><FONT style="background-color:#FFFFFF">election by </FONT><FONT style="background-color:#FFFFFF">Sylios</FONT><FONT style="background-color:#FFFFFF"> </FONT><FONT style="background-color:#FFFFFF">to purchase any of the Additional Securities offered by such Subscription Notice. If </FONT><FONT style="background-color:#FFFFFF">Sylios elects to purchase any such a</FONT><FONT style="background-color:#FFFFFF">dditional Securities, the Additional Securities that it shall have elected to purchase shall be issued and sold to </FONT><FONT style="background-color:#FFFFFF">Sylios</FONT><FONT style="background-color:#FFFFFF"> </FONT><FONT style="background-color:#FFFFFF">by the Company at the same time and on the same terms and conditions as the Additional Securities are issued and sold to third parties. If, for any reason, the issuance of Additional Securities to third parties is not consummated, </FONT><FONT style="background-color:#FFFFFF">Sylios<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font> </FONT><FONT style="background-color:#FFFFFF">right to its share of such issuance shall lapse, subject to </FONT><FONT style="background-color:#FFFFFF">Sylios<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font> </FONT><FONT style="background-color:#FFFFFF">ongoing subscription right with respect to issuances of Additional Securities at later dates or times.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">(b) The Company re</FONT><FONT style="background-color:#FFFFFF">presents and covenants to Sylios</FONT><FONT style="background-color:#FFFFFF"> that (i) upon issuance, all the shares of Addi</FONT><FONT style="background-color:#FFFFFF">tional Securities sold to Sylios</FONT><FONT style="background-color:#FFFFFF"> pursuant to this Section 1 shall be duly authorized, validly issued, fully paid and nonassessable and will be approved (if outstanding securities of the Company of the same type are at the time already approved) for li</FONT><FONT style="background-color:#FFFFFF">sting on the OTC Pinksheets</FONT><FONT style="background-color:#FFFFFF"> or for quotation or listing on the principal trading market for the securities of the Company at the time of issuance, (ii) upon delivery of such shares, they shall be free and clear of all liens, claims and encumbrances (other than any restrictions imposed by applicable federal, st</FONT><FONT style="background-color:#FFFFFF">ate and foreign securities laws</FONT><FONT style="background-color:#FFFFFF"> of any nature and shall not be subject to any preemptive right of any stockholder of the Company and (iii) this Section 1 does not and upon the issuance of such Additional Securities will not (a) violate or conflict with </FONT><FONT style="background-color:#FFFFFF">any provision of the Articles</FONT><FONT style="background-color:#FFFFFF"> of </FONT><FONT style="background-color:#FFFFFF">Incorporation or Bylaws of GCC</FONT><FONT style="background-color:#FFFFFF">, each as amended then to date (b) conflict with or </FONT></P>
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<P style="margin:0px; text-indent:32.667px; page-break-before:always"><FONT style="background-color:#FFFFFF">constitute a violation by GCC</FONT><FONT style="background-color:#FFFFFF"> of any applicable law (including the Gen</FONT><FONT style="background-color:#FFFFFF">eral Corporation Law of Florida</FONT><FONT style="background-color:#FFFFFF">), judgment, order, injunction, decree, rule, regulation or ruling of any government</FONT><FONT style="background-color:#FFFFFF">al authority applicable to GCC</FONT><FONT style="background-color:#FFFFFF"> the enforcement of which would have a </FONT><FONT style="background-color:#FFFFFF">material adverse effect on GCC or on GCC</FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s ability to perform its obligations h</FONT><FONT style="background-color:#FFFFFF">ereunder or the ability of GCC</FONT><FONT style="background-color:#FFFFFF"> to consummate issuance of the Additional Securities and (c) either alone or with the giving of notice or the passage of time, or both, modify, violate, conflict with, constitute grounds for termination of, or accelerate the performance required by, or result in a breach or default of the terms, conditions or provisions of, or constitute a default under any contract, agreement, note bond, mortgage, indenture, deed of trust, license, franchise, permit, commitment, waiver, exemption, order, obligation, lease, sublease, undertaking, agreement, offer or other instrument, which violation, conflict, termination, acceleration, breach or default would have a </FONT><FONT style="background-color:#FFFFFF">material adverse effect on GCC or on the ability of GCC</FONT><FONT style="background-color:#FFFFFF"> to perform its obligations h</FONT><FONT style="background-color:#FFFFFF">ereunder or the ability of GCC</FONT><FONT style="background-color:#FFFFFF"> to issue such shares.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">(c) As used herein, the term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Business Day</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> shall mean any day other than a Saturday, Sunday, U.S. national legal holiday, or a legal holiday under t</FONT><FONT style="background-color:#FFFFFF">he laws of the State of Florida or the United States of America</FONT><FONT style="background-color:#FFFFFF">, and the term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Person</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> shall mean an individual, corporation, partnership, joint venture, joint stock company, association, trust, business trust, unincorporated organization, government authority, or any other entity of whatever nature. As used herein, the term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Fully-Diluted Ownership Percentage</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> shall mean the percentage ownership calculated by dividing (i) the aggregate number of shares of Common Stock (including any shares of Common Stock issuable upon exercise or conversion of options, warrants or other securities or rights) beneficially owned (as such term is determined in accordance with the Rule 13d-3 promulgated under the Securities</FONT><FONT style="font-size:13.5pt; background-color:#FFFFFF"> </FONT><FONT style="background-color:#FFFFFF">Exchange Act of 1934, as amended) by the applicable Person or Persons, howsoever and whenever acquired, by (ii) the aggregate number of all issued and outstanding shares of Common Stock of the Company (including any shares of Common Stock which are issuable upon exercise or conversion of options, warrants or other securities or rights within 60 days of the date on which such calculation is being made).</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">(d</FONT><FONT style="background-color:#FFFFFF">) If the Company, at any time while this Agreement is in force and effect, by reclassification of securities or otherwise (including, but not limited to, a <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>reincorporation,<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> merger with or into a wholly owned subsidiary of the Company, an exchange or stock swap or another type of reorganization or recapitalization), shall change or exchange its Common Stock into (or for) different securities of another class or classes or ceases t</FONT><FONT style="background-color:#FFFFFF">o have common stock, then Sylios<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font></FONT><FONT style="background-color:#FFFFFF"> rights hereunder shall thereafter represent the right to acquire such number and kind of securities as would have been issuable as the result of such change with respect to the securities that were subject to the Agreement immediately prior to such reclassification or other change. All such adjustments shall be made so</FONT><FONT style="background-color:#FFFFFF"> as to equitably adjust Sylios<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font></FONT><FONT style="background-color:#FFFFFF"> rights hereunder.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 2.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Further Assurances</U></FONT><FONT style="background-color:#FFFFFF">. Each of the parties hereto agrees that, at any time and from time to time after the date hereof, it shall, upon written request from the other party hereto, and without further consideration, perform such other and further acts, and execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such further instruments, documents and assurances as such other party reasonably may request for the purpose of carrying out this Agreement.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 3.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Binding Agreement; Assignment</U></FONT><FONT style="background-color:#FFFFFF">. This Agreement is binding upon, will inure to the benefit of, and be enforceable by, the parties hereto and their respective heirs, successors and permitted assigns. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of law or otherwise by any of the parties hereto, without the prior written consent of the other party hereto.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 4.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Entire Agreement; No Third-Party Beneficiaries</U></FONT><FONT style="background-color:#FFFFFF">. This Agreement constitutes the entire agreement and understanding of the parties hereto with respect to the subject matters hereof and thereof and supersedes any and all prior negotiations, agreements, arrangements and understandings between the parties, written or oral, relating to the matters provided for herein or therein. Except as expressly provided in this Agreement, nothing contained in this Agreement, express or implied, is intended to or shall confer on any Person other than the parties hereto and their heirs, successors and permitted assigns, any rights, benefits, remedies or claims under or by reason of this Agreement.</FONT></P>
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<P style="margin:0px; text-indent:32.667px; page-break-before:always"><FONT style="background-color:#FFFFFF">SECTION 5.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Amendment; Modification</U></FONT><FONT style="background-color:#FFFFFF">. This Agreement may not be amended or modified except by an instrument in writing signed by a duly authorized officer o</FONT><FONT style="background-color:#FFFFFF">f each of the Company and Sylios</FONT><FONT style="background-color:#FFFFFF">.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 6.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Extensions; Waivers; Remedies Cumulative</U></FONT><FONT style="background-color:#FFFFFF">.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">(a) The conditions to each of the parties<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font> obligations to consummate this Agreement are for the sole benefit of such party and may be waived by such party in whole or in part to the extent permitted by applicable law. With regard to this Agreement, any party may (i) extend the time for the performance of any of the obligations or other acts of any other party with such first party, or (ii) waive compliance with any of the agreements of any party with such first party or with any conditions to its own obligations. Any agreement on the part of a party hereto to any such extension or waiver of any provision of this Agreement shall be valid and effective only if set forth in an instrument in writing signed on behalf of such party against whom enforcement of any waiver or consent is sought by such first party or a duly authorized officer thereof, if applicable.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">(b) No failure or delay on the part of any party in exercising any right, privilege, power, or remedy under this Agreement, and no course of dealing among the parties, shall operate as a waiver of such right, privilege, power, or remedy, nor shall any single or partial exercise of any right, privilege, power, or remedy under this Agreement preclude any other or further exercise of such right, privilege, power, or remedy, or the exercise of any other right, privilege, power, or remedy. No notice to or demand on any party in any case shall entitle such party to any other or further notice or demand in any similar or other circumstances or constitute a waiver of the right of the party giving such notice or making such demand to take any other or further action in any circumstances without notice or demand.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 7.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Section Headings; Interpretation</U></FONT><FONT style="background-color:#FFFFFF">. Reference in this Agreement to a Section unless otherwise indicated, shall constitute references to a Section or an Article of this Agreement. The section headings contained in this Agreement are for convenience of reference only and do not form a part thereof and shall not affect in any way the meaning or interpretation of this Agreement. The parties hereto agree that this Agreement is the product of negotiations among sophisticated parties, all of whom were represented by counsel, and each of whom had an opportunity to participate in, and did participate in the drafting of each provision hereto. Accordingly, ambiguities in this Agreement, if any, shall not be construed strictly against any party hereto but rather shall be given a fair and reasonable construction without regard to the rule of&#160;</FONT><FONT style="background-color:#FFFFFF"><U>contra proferentem</U></FONT><FONT style="background-color:#FFFFFF">.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 8.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Governing Law</U></FONT><FONT style="background-color:#FFFFFF">. This Agreement shall be governed by, and construed in accordance with, t</FONT><FONT style="background-color:#FFFFFF">he laws of the State of Florida</FONT><FONT style="background-color:#FFFFFF"> applicable to agreements made and to be performed entir</FONT><FONT style="background-color:#FFFFFF">ely within the State of Florida</FONT><FONT style="background-color:#FFFFFF"> without giving effect to the laws that might otherwise govern under applicable principles of conflict of laws thereof.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 9.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Notices</U></FONT><FONT style="background-color:#FFFFFF">. Any notice, demand, claim, request, waiver or consent or other communication required or permitted to be given under the provisions of this Agreement shall be in writing and shall be deemed to have been duly delivered if delivered by any of the following means of delivery, and shall be deemed to have been duly delivered and received on the date (or the next Business Day if delivery is not made on a Business Day) of personal delivery or facsimile transmission or on the date (or the next Business Day if delivery is not made on a Business Day) of receipt, if mailed by registered or certified mail, postage prepaid and return receipt requested, or on the date (or the next Business Day if delivery is not made on a Business Day) of a stamped receipt, if sent by an overnight delivery service, and sent to the following addresses (or to such other address as any party may request, in the case of </FONT><FONT style="background-color:#FFFFFF">the Company, by notifying Sylios, and in the case of Sylios</FONT><FONT style="background-color:#FFFFFF">, by notifying the Company in each case in accordance with this Section):</FONT></P>
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<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.133><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=14.8><P style="margin:0px">(a)</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=5.467><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top><P style="margin:0px">If to the Company:</P>
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<P style="margin:0px; font-size:7.5pt"><FONT style="background-color:#FFFFFF">&#160;</FONT></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
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</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
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<P style="margin:0px"><BR></P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
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</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
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<P style="margin:0px"><BR></P>
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<P style="margin:0px"><BR>
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<P style="margin:0px; font-size:11pt" align=center>3</P>
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</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<P style="margin:0px; font-size:7.5pt"><FONT style="background-color:#FFFFFF">&#160;</FONT></P>
<P style="margin:0px; font-size:7.5pt"><FONT style="background-color:#FFFFFF">&#160;</FONT></P>
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<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=23.867><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=15.6><P style="margin:0px">(b)</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=5.2><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top><P style="margin:0px">If to Sylios Corp:</P>
</TD></TR>
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<P style="margin:0px; font-size:7.5pt"><FONT style="background-color:#FFFFFF">&#160;</FONT></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top><P style="margin:0px">Sylios Corp</P>
</TD></TR>
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<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top><P style="margin:0px">244 2<SUP>nd</SUP> Ave N., Suite 9</P>
</TD></TR>
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<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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</TD></TR>
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<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<P style="margin:0px; font-size:7.5pt"><FONT style="background-color:#FFFFFF">&#160;</FONT></P>
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<P style="margin:0px; text-indent:32.667px; clear:left"><FONT style="background-color:#FFFFFF">SECTION 10.&#160;</FONT><FONT style="background-color:#FFFFFF"><B><U>Consent to Jurisdiction</U></FONT><FONT style="background-color:#FFFFFF">. Each of the parties agrees to submit itself to the jurisdiction of any state or federal court </FONT><FONT style="background-color:#FFFFFF">sitting in the State of Florida</FONT><FONT style="background-color:#FFFFFF">. In addition, each of the parties hereto agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, and that it will not bring any action relating to this Agreement or any of the transactions contemplated by this Agreement in any court other than such court.</B></FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 12.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Counterparts</U></FONT><FONT style="background-color:#FFFFFF">. This Agreement may be executed in one or more counterparts, each of which when executed and delivered shall be deemed an original, and all of which when taken together shall be considered one and the same instrument, and this Agreement shall become effective when such counterparts have been signed by each of the parties hereto and delivered to the other parties. The parties hereto agree that signatures of the parties and their duly authorized officers may be exchanged by facsimile transmission, and that such signatures shall be binding to the same extent, and have the same force and effect, as the exchange of original written signatures. The originals of such signatures shall be sent to the other parties hereto by overnight courier.</FONT></P>
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<P style="margin:0px" align=center><FONT style="background-color:#FFFFFF"><B>(Signature Page Follows)</B></FONT></P>
<P style="margin:0px; font-size:7.5pt"><FONT style="background-color:#FFFFFF">&#160;</FONT></P>
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<P style="margin:0px; font-size:11pt" align=center>4</P>
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<P style="margin:0px; text-indent:32.667px; page-break-before:always"><FONT style="background-color:#FFFFFF">This Agreement has been duly executed by an authorized officer</FONT><FONT style="background-color:#FFFFFF">,</FONT><FONT style="background-color:#FFFFFF"> by each of the following parties</FONT><FONT style="background-color:#FFFFFF">,</FONT><FONT style="background-color:#FFFFFF"> as of the date first set forth above.</FONT></P>
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<DIV align=right><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=19.333 /><TD width=2.6 /><TD width=35.6 /><TD width=8.2 /><TD width=184.467 /><TD width=0.8 /></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=250.2 colspan=5><P style="margin-top:6.067px; margin-bottom:6.067px">THE GREATER CANNABIS COMPANY, INC.</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=0.533 colspan=5><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding:0px" width=19.333 height=12.8><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; padding:0px" width=38.2 height=12.8 colspan=2><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; padding:0px" width=192.667 height=12.8 colspan=2><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; padding:0px" width=0.733 height=12.8 colspan=2><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=19.333><P style="margin-top:6.067px; margin-bottom:6.067px; padding-left:16px; text-indent:-16px">By:</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=2.6><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.6><P style="margin:0px; font-size:7.5pt">&#160; </P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=8.2><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=185.267 colspan=2><P style="margin:0px; font-size:7.5pt">&#160;<FONT style="font-size:10pt">&#160;&#160;/s/ Wayne Anderson</FONT></P>
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<TR><TD style="margin-top:0px; padding:0px" valign=top width=250.2 colspan=5><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=0.533 colspan=5><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=19.333><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=2.6><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.6><P style="margin-top:6.067px; margin-bottom:6.067px; padding-left:16px; text-indent:-16px">Name:</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=8.2><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=185.267 colspan=2><P style="margin:0px; font-size:7.5pt">&#160;<FONT style="font-size:10pt">Wayne Anderson</FONT></P>
<P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=19.333><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=2.6><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.6><P style="margin-top:6.067px; margin-bottom:6.067px; padding-left:16px; text-indent:-16px">Title:</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=8.2><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=185.267 colspan=2><P style="margin:0px">&#160;President</P>
<P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding:0px" width=250.2 height=12.8 colspan=5><P style="margin:0px"><BR></P>
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</TD><TD style="margin-top:0px; padding:0px" valign=top width=0.533 colspan=5><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding:0px" width=19.333 height=12.8><P style="margin:0px"><BR></P>
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</TD><TD style="margin-top:0px; padding:0px" valign=top width=185.267 colspan=2><P style="margin:0px">&#160;&#160;/s/ Wayne Anderson</P>
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</TD><TD style="margin-top:0px; padding:0px" valign=top width=0.533 colspan=5><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=19.333><P style="margin:0px; font-size:7.5pt">&#160;</P>
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</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.6><P style="margin-top:6.067px; margin-bottom:6.067px; padding-left:16px; text-indent:-16px">Name:</P>
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</TD><TD style="margin-top:0px; padding:0px" valign=top width=185.267 colspan=2><P style="margin:0px; font-size:7.5pt">&#160;<FONT style="font-size:10pt">Wayne Anderson</FONT></P>
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<TR><TD style="margin-top:0px; padding:0px" valign=top width=19.333><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=2.6><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.6><P style="margin-top:6.067px; margin-bottom:6.067px; padding-left:16px; text-indent:-16px">Title:</P>
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</TD><TD style="margin-top:0px; padding:0px" valign=top width=185.267 colspan=2><P style="margin:0px; font-size:7.5pt">&#160;<FONT style="font-size:10pt">President</FONT></P>
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<P style="margin-top:0px; margin-bottom:-2px; text-indent:432px; width:432px; font-size:11pt; float:left">&nbsp;______________________</P>
<P style="margin-top:0px; margin-bottom:10.667px; padding-left:240px; text-indent:-2px; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
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<P style="margin:0px; font-size:11pt" align=center>5</P>
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EX-10.1
9
f101withcs.htm
ANTI-DILUTION AGREEMENT BETWEEN SYLIOS CORP AND THE GREATER CANNABIS COMPANY, INC. DATED AS OF FEBRUARY 22, 2017
Converted by EDGARwiz
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<DESCRIPTION>ANTI-DILUTION AGREEMENT BETWEEN SYLIOS CORP AND THE GREATER CANNABIS COMPANY, INC. DATED AS OF FEBRUARY 22, 2017
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<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="author" CONTENT="Kathleen Anderson">
<META NAME="date" CONTENT="2017-04-03T17:10:00Z">
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<DIV style="width:624px"><P style="margin:0px" align=center><FONT style="background-color:#FFFFFF"><B>ANTI-DILUTION AGREEMENT</B></FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">THIS ANTI-DILUTION AGREEMENT (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Agreement</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) is dated as of February 22</FONT><FONT style="background-color:#FFFFFF">, 2017</FONT><FONT style="background-color:#FFFFFF"> and is by and among </FONT><FONT style="background-color:#FFFFFF">THE GREATER CANNABIS COMPANY, INC., a Florida</FONT><FONT style="background-color:#FFFFFF"> corporation (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Company</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> or <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>GCC</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) and </FONT><FONT style="background-color:#FFFFFF">SYLIOS CORP</FONT><FONT style="background-color:#FFFFFF">, </FONT><FONT style="background-color:#FFFFFF">a Florida</FONT><FONT style="background-color:#FFFFFF"> corporation </FONT><FONT style="background-color:#FFFFFF">(<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Sylios</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>).</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">WHEREAS, Sylios</FONT><FONT style="background-color:#FFFFFF"> and the Company are both parties to that certain Let</FONT><FONT style="background-color:#FFFFFF">ter</FONT><FONT style="background-color:#FFFFFF"> Agreement</FONT><FONT style="background-color:#FFFFFF"> (<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Letter<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>)</FONT><FONT style="background-color:#FFFFFF">, dated February 2</FONT><FONT style="background-color:#FFFFFF">, 2017</FONT><FONT style="background-color:#FFFFFF">, which contemplates the execution and delivery of this </FONT><FONT style="background-color:#FFFFFF">Agreement by the parties hereto; and</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">WHEREAS, at the time of</FONT><FONT style="background-color:#FFFFFF"> entry into the Letter</FONT><FONT style="background-color:#FFFFFF">, Sylios had filed </FONT><FONT style="background-color:#FFFFFF">with FINRA </FONT><FONT style="background-color:#FFFFFF">to spin-off 80.01% of the common shares of GCC to Sylios shareholders as of record of the close of b</FONT><FONT style="background-color:#FFFFFF">usiness on February 3, 2017; and</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">WHEREAS, Sylios would retain a 19.99% equity stake in GCC through common shares.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">NOW, THEREFORE, in consideration of the premises and the representations, warranties, covenants and agreements contained in this Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged (including, without limitation, the en</FONT><FONT style="background-color:#FFFFFF">tering into the Letter</FONT><FONT style="background-color:#FFFFFF"> </FONT><FONT style="background-color:#FFFFFF">dated&#160;</FONT><FONT style="background-color:#FFFFFF">February 2</FONT><FONT style="background-color:#FFFFFF">, 2017</FONT><FONT style="background-color:#FFFFFF">, by and between </FONT><FONT style="background-color:#FFFFFF">Sylios and GCC (which at the time was a wholly owned subsidiary of Sylios) </FONT><FONT style="background-color:#FFFFFF">the parties hereto hereby agree as follows:</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 1.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Additional Issuances</U></FONT><FONT style="background-color:#FFFFFF">.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">(a) At any time after the date hereof, if the Company shall issue or propose to issue any additional shares of the Company<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s common stock, par value, $0.0</FONT><FONT style="background-color:#FFFFFF">0</FONT><FONT style="background-color:#FFFFFF">1 per share (<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Common Stock</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>), or warrants, options (excluding any options granted to employees of the Company in accordance with any employee plans, now or hereinafter in effect) or other rights or instruments of any kind convertible into or exercisable or exchangeable for shares of Common Stock (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Additional Securities</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>), Sylios</FONT><FONT style="background-color:#FFFFFF"> shall have the right to subscribe for and to purchase at the same price per share that number of Additional Securities necessary to maintain a Fully-Diluted Ownership Percentage (as defined herein below) in the Company equal to the lesser of: (i) Fully-Diluted Ownership Percentage of the Company on the date that a Subscription Notice (as defin</FONT><FONT style="background-color:#FFFFFF">ed below) is delivered to Sylios</FONT><FONT style="background-color:#FFFFFF"> hereunder, and (ii) of 19.9</FONT><FONT style="background-color:#FFFFFF">9</FONT><FONT style="background-color:#FFFFFF">% of the Company<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s issued and outstanding Common Stock. Any offer of Additional Securities made </FONT><FONT style="background-color:#FFFFFF">to Sylios</FONT><FONT style="background-color:#FFFFFF"> under this Section 1 shall be made by notice in writing (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Subscription Notice</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) at least 20 Business Days prior to the issuance of such Additional Securities. The Subscription Notice shall set forth (i) the number of Additional Securities proposed to be issued</FONT><FONT style="background-color:#FFFFFF"> to any Person other than Sylios</FONT><FONT style="background-color:#FFFFFF"> and the terms of such Additional Securities, (ii) the consideration (or manner of determining the consideration), if any, for which such Additional Securities are proposed to be issued and the terms of payment, (iii) the number of Additio</FONT><FONT style="background-color:#FFFFFF">nal Securities offered to Sylios</FONT><FONT style="background-color:#FFFFFF"> in compliance with the provisions of this Section 1 and (iv) the proposed date of issuance of such Additional Securities. Not later than 5 Business Days after delivery of a Subscription Notice in accordance with the notice provisions hereof, </FONT><FONT style="background-color:#FFFFFF">Sylios</FONT><FONT style="background-color:#FFFFFF"> shall deliver a notification to the Company in writing whether it elects to purchase all or any portion of the Additional Securities offered to </FONT><FONT style="background-color:#FFFFFF">Sylios</FONT><FONT style="background-color:#FFFFFF">, pursuant to the Subscription Notice; provided however, that the failure of </FONT><FONT style="background-color:#FFFFFF">Sylios</FONT><FONT style="background-color:#FFFFFF"> to respond in writing within 5 Business Days shall be deemed a waiver and negative</FONT></P>
<P style="margin:0px"><FONT style="background-color:#FFFFFF">election by </FONT><FONT style="background-color:#FFFFFF">Sylios</FONT><FONT style="background-color:#FFFFFF"> </FONT><FONT style="background-color:#FFFFFF">to purchase any of the Additional Securities offered by such Subscription Notice. If </FONT><FONT style="background-color:#FFFFFF">Sylios elects to purchase any such a</FONT><FONT style="background-color:#FFFFFF">dditional Securities, the Additional Securities that it shall have elected to purchase shall be issued and sold to </FONT><FONT style="background-color:#FFFFFF">Sylios</FONT><FONT style="background-color:#FFFFFF"> </FONT><FONT style="background-color:#FFFFFF">by the Company at the same time and on the same terms and conditions as the Additional Securities are issued and sold to third parties. If, for any reason, the issuance of Additional Securities to third parties is not consummated, </FONT><FONT style="background-color:#FFFFFF">Sylios<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font> </FONT><FONT style="background-color:#FFFFFF">right to its share of such issuance shall lapse, subject to </FONT><FONT style="background-color:#FFFFFF">Sylios<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font> </FONT><FONT style="background-color:#FFFFFF">ongoing subscription right with respect to issuances of Additional Securities at later dates or times.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">(b) The Company re</FONT><FONT style="background-color:#FFFFFF">presents and covenants to Sylios</FONT><FONT style="background-color:#FFFFFF"> that (i) upon issuance, all the shares of Addi</FONT><FONT style="background-color:#FFFFFF">tional Securities sold to Sylios</FONT><FONT style="background-color:#FFFFFF"> pursuant to this Section 1 shall be duly authorized, validly issued, fully paid and nonassessable and will be approved (if outstanding securities of the Company of the same type are at the time already approved) for li</FONT><FONT style="background-color:#FFFFFF">sting on the OTC Pinksheets</FONT><FONT style="background-color:#FFFFFF"> or for quotation or listing on the principal trading market for the securities of the Company at the time of issuance, (ii) upon delivery of such shares, they shall be free and clear of all liens, claims and encumbrances (other than any restrictions imposed by applicable federal, st</FONT><FONT style="background-color:#FFFFFF">ate and foreign securities laws</FONT><FONT style="background-color:#FFFFFF"> of any nature and shall not be subject to any preemptive right of any stockholder of the Company and (iii) this Section 1 does not and upon the issuance of such Additional Securities will not (a) violate or conflict with </FONT><FONT style="background-color:#FFFFFF">any provision of the Articles</FONT><FONT style="background-color:#FFFFFF"> of </FONT><FONT style="background-color:#FFFFFF">Incorporation or Bylaws of GCC</FONT><FONT style="background-color:#FFFFFF">, each as amended then to date (b) conflict with or </FONT></P>
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<P style="margin:0px; text-indent:32.667px; page-break-before:always"><FONT style="background-color:#FFFFFF">constitute a violation by GCC</FONT><FONT style="background-color:#FFFFFF"> of any applicable law (including the Gen</FONT><FONT style="background-color:#FFFFFF">eral Corporation Law of Florida</FONT><FONT style="background-color:#FFFFFF">), judgment, order, injunction, decree, rule, regulation or ruling of any government</FONT><FONT style="background-color:#FFFFFF">al authority applicable to GCC</FONT><FONT style="background-color:#FFFFFF"> the enforcement of which would have a </FONT><FONT style="background-color:#FFFFFF">material adverse effect on GCC or on GCC</FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s ability to perform its obligations h</FONT><FONT style="background-color:#FFFFFF">ereunder or the ability of GCC</FONT><FONT style="background-color:#FFFFFF"> to consummate issuance of the Additional Securities and (c) either alone or with the giving of notice or the passage of time, or both, modify, violate, conflict with, constitute grounds for termination of, or accelerate the performance required by, or result in a breach or default of the terms, conditions or provisions of, or constitute a default under any contract, agreement, note bond, mortgage, indenture, deed of trust, license, franchise, permit, commitment, waiver, exemption, order, obligation, lease, sublease, undertaking, agreement, offer or other instrument, which violation, conflict, termination, acceleration, breach or default would have a </FONT><FONT style="background-color:#FFFFFF">material adverse effect on GCC or on the ability of GCC</FONT><FONT style="background-color:#FFFFFF"> to perform its obligations h</FONT><FONT style="background-color:#FFFFFF">ereunder or the ability of GCC</FONT><FONT style="background-color:#FFFFFF"> to issue such shares.</FONT></P>
<P style="margin:0px; font-size:7.5pt"><FONT style="background-color:#FFFFFF">&#160;</FONT></P>
<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">(c) As used herein, the term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Business Day</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> shall mean any day other than a Saturday, Sunday, U.S. national legal holiday, or a legal holiday under t</FONT><FONT style="background-color:#FFFFFF">he laws of the State of Florida or the United States of America</FONT><FONT style="background-color:#FFFFFF">, and the term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Person</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> shall mean an individual, corporation, partnership, joint venture, joint stock company, association, trust, business trust, unincorporated organization, government authority, or any other entity of whatever nature. As used herein, the term <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font></FONT><FONT style="background-color:#FFFFFF"><U>Fully-Diluted Ownership Percentage</U></FONT><FONT style="background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> shall mean the percentage ownership calculated by dividing (i) the aggregate number of shares of Common Stock (including any shares of Common Stock issuable upon exercise or conversion of options, warrants or other securities or rights) beneficially owned (as such term is determined in accordance with the Rule 13d-3 promulgated under the Securities</FONT><FONT style="font-size:13.5pt; background-color:#FFFFFF"> </FONT><FONT style="background-color:#FFFFFF">Exchange Act of 1934, as amended) by the applicable Person or Persons, howsoever and whenever acquired, by (ii) the aggregate number of all issued and outstanding shares of Common Stock of the Company (including any shares of Common Stock which are issuable upon exercise or conversion of options, warrants or other securities or rights within 60 days of the date on which such calculation is being made).</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">(d</FONT><FONT style="background-color:#FFFFFF">) If the Company, at any time while this Agreement is in force and effect, by reclassification of securities or otherwise (including, but not limited to, a <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>reincorporation,<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> merger with or into a wholly owned subsidiary of the Company, an exchange or stock swap or another type of reorganization or recapitalization), shall change or exchange its Common Stock into (or for) different securities of another class or classes or ceases t</FONT><FONT style="background-color:#FFFFFF">o have common stock, then Sylios<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font></FONT><FONT style="background-color:#FFFFFF"> rights hereunder shall thereafter represent the right to acquire such number and kind of securities as would have been issuable as the result of such change with respect to the securities that were subject to the Agreement immediately prior to such reclassification or other change. All such adjustments shall be made so</FONT><FONT style="background-color:#FFFFFF"> as to equitably adjust Sylios<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font></FONT><FONT style="background-color:#FFFFFF"> rights hereunder.</FONT></P>
<P style="margin:0px; font-size:7.5pt"><FONT style="background-color:#FFFFFF">&#160;</FONT></P>
<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 2.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Further Assurances</U></FONT><FONT style="background-color:#FFFFFF">. Each of the parties hereto agrees that, at any time and from time to time after the date hereof, it shall, upon written request from the other party hereto, and without further consideration, perform such other and further acts, and execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such further instruments, documents and assurances as such other party reasonably may request for the purpose of carrying out this Agreement.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 3.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Binding Agreement; Assignment</U></FONT><FONT style="background-color:#FFFFFF">. This Agreement is binding upon, will inure to the benefit of, and be enforceable by, the parties hereto and their respective heirs, successors and permitted assigns. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of law or otherwise by any of the parties hereto, without the prior written consent of the other party hereto.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 4.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Entire Agreement; No Third-Party Beneficiaries</U></FONT><FONT style="background-color:#FFFFFF">. This Agreement constitutes the entire agreement and understanding of the parties hereto with respect to the subject matters hereof and thereof and supersedes any and all prior negotiations, agreements, arrangements and understandings between the parties, written or oral, relating to the matters provided for herein or therein. Except as expressly provided in this Agreement, nothing contained in this Agreement, express or implied, is intended to or shall confer on any Person other than the parties hereto and their heirs, successors and permitted assigns, any rights, benefits, remedies or claims under or by reason of this Agreement.</FONT></P>
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<P style="margin:0px; font-size:11pt" align=center>2</P>
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<P style="margin:0px; text-indent:32.667px; page-break-before:always"><FONT style="background-color:#FFFFFF">SECTION 5.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Amendment; Modification</U></FONT><FONT style="background-color:#FFFFFF">. This Agreement may not be amended or modified except by an instrument in writing signed by a duly authorized officer o</FONT><FONT style="background-color:#FFFFFF">f each of the Company and Sylios</FONT><FONT style="background-color:#FFFFFF">.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 6.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Extensions; Waivers; Remedies Cumulative</U></FONT><FONT style="background-color:#FFFFFF">.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">(a) The conditions to each of the parties<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font> obligations to consummate this Agreement are for the sole benefit of such party and may be waived by such party in whole or in part to the extent permitted by applicable law. With regard to this Agreement, any party may (i) extend the time for the performance of any of the obligations or other acts of any other party with such first party, or (ii) waive compliance with any of the agreements of any party with such first party or with any conditions to its own obligations. Any agreement on the part of a party hereto to any such extension or waiver of any provision of this Agreement shall be valid and effective only if set forth in an instrument in writing signed on behalf of such party against whom enforcement of any waiver or consent is sought by such first party or a duly authorized officer thereof, if applicable.</FONT></P>
<P style="margin:0px; font-size:7.5pt"><FONT style="background-color:#FFFFFF">&#160;</FONT></P>
<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">(b) No failure or delay on the part of any party in exercising any right, privilege, power, or remedy under this Agreement, and no course of dealing among the parties, shall operate as a waiver of such right, privilege, power, or remedy, nor shall any single or partial exercise of any right, privilege, power, or remedy under this Agreement preclude any other or further exercise of such right, privilege, power, or remedy, or the exercise of any other right, privilege, power, or remedy. No notice to or demand on any party in any case shall entitle such party to any other or further notice or demand in any similar or other circumstances or constitute a waiver of the right of the party giving such notice or making such demand to take any other or further action in any circumstances without notice or demand.</FONT></P>
<P style="margin:0px; font-size:7.5pt"><FONT style="background-color:#FFFFFF">&#160;</FONT></P>
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<P style="margin:0px; font-size:7.5pt"><FONT style="background-color:#FFFFFF">&#160;</FONT></P>
<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 8.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Governing Law</U></FONT><FONT style="background-color:#FFFFFF">. This Agreement shall be governed by, and construed in accordance with, t</FONT><FONT style="background-color:#FFFFFF">he laws of the State of Florida</FONT><FONT style="background-color:#FFFFFF"> applicable to agreements made and to be performed entir</FONT><FONT style="background-color:#FFFFFF">ely within the State of Florida</FONT><FONT style="background-color:#FFFFFF"> without giving effect to the laws that might otherwise govern under applicable principles of conflict of laws thereof.</FONT></P>
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<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 9.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Notices</U></FONT><FONT style="background-color:#FFFFFF">. Any notice, demand, claim, request, waiver or consent or other communication required or permitted to be given under the provisions of this Agreement shall be in writing and shall be deemed to have been duly delivered if delivered by any of the following means of delivery, and shall be deemed to have been duly delivered and received on the date (or the next Business Day if delivery is not made on a Business Day) of personal delivery or facsimile transmission or on the date (or the next Business Day if delivery is not made on a Business Day) of receipt, if mailed by registered or certified mail, postage prepaid and return receipt requested, or on the date (or the next Business Day if delivery is not made on a Business Day) of a stamped receipt, if sent by an overnight delivery service, and sent to the following addresses (or to such other address as any party may request, in the case of </FONT><FONT style="background-color:#FFFFFF">the Company, by notifying Sylios, and in the case of Sylios</FONT><FONT style="background-color:#FFFFFF">, by notifying the Company in each case in accordance with this Section):</FONT></P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.133 /><TD width=14.8 /><TD width=5.467 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.133><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=14.8><P style="margin:0px">(a)</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=5.467><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top><P style="margin:0px">If to the Company:</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
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<P style="margin:0px; font-size:11pt" align=center>3</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:11pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=23.867 /><TD width=15.6 /><TD width=5.2 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=23.867><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=15.6><P style="margin:0px">(b)</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=5.2><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top><P style="margin:0px">If to Sylios Corp:</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top><P style="margin:0px">Sylios Corp</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top><P style="margin:0px">244 2<SUP>nd</SUP> Ave N., Suite 9</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top><P style="margin:0px">St. Petersburg, FL 33701</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top><P style="margin:0px">Attn: Wayne Anderson</P>
</TD></TR>
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<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top><P style="margin:0px">Telephone: (727) 482-1505</P>
</TD></TR>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=24.933 /><TD width=12.467 /><TD width=6.267 /><TD /></TR>
<TR><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" width=24.933><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=12.467><P style="margin:0px">&#160;&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top width=6.267><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px; background-color:#FFFFFF" valign=top><P style="margin:0px">E-mail: info@sylios.com</P>
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<P style="margin:0px; text-indent:32.667px; clear:left"><FONT style="background-color:#FFFFFF">SECTION 10.&#160;</FONT><FONT style="background-color:#FFFFFF"><B><U>Consent to Jurisdiction</U></FONT><FONT style="background-color:#FFFFFF">. Each of the parties agrees to submit itself to the jurisdiction of any state or federal court </FONT><FONT style="background-color:#FFFFFF">sitting in the State of Florida</FONT><FONT style="background-color:#FFFFFF">. In addition, each of the parties hereto agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, and that it will not bring any action relating to this Agreement or any of the transactions contemplated by this Agreement in any court other than such court.</B></FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 11.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Severability</U></FONT><FONT style="background-color:#FFFFFF">. The parties agree that (i) the provisions of this Agreement shall be severable in the event that any of the provisions hereof are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, (ii) they shall negotiate in good faith to replace any provisions that are finally determined to be invalid, void or otherwise unenforceable with other provisions that are as similar as possible in terms to such invalid, void or otherwise unenforceable provisions but are valid and enforceable, and (iii) the balance of this Agreement shall not be affected and shall remain enforceable to the fullest extent permitted by law. Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be valid and shall be enforced to the fullest extent permitted by law.</FONT></P>
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<P style="margin:0px; text-indent:32.667px"><FONT style="background-color:#FFFFFF">SECTION 12.&#160;</FONT><FONT style="background-color:#FFFFFF"><U>Counterparts</U></FONT><FONT style="background-color:#FFFFFF">. This Agreement may be executed in one or more counterparts, each of which when executed and delivered shall be deemed an original, and all of which when taken together shall be considered one and the same instrument, and this Agreement shall become effective when such counterparts have been signed by each of the parties hereto and delivered to the other parties. The parties hereto agree that signatures of the parties and their duly authorized officers may be exchanged by facsimile transmission, and that such signatures shall be binding to the same extent, and have the same force and effect, as the exchange of original written signatures. The originals of such signatures shall be sent to the other parties hereto by overnight courier.</FONT></P>
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<P style="margin:0px" align=center><FONT style="background-color:#FFFFFF"><B>(Signature Page Follows)</B></FONT></P>
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<P style="margin:0px; font-size:11pt" align=center>4</P>
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<P style="margin:0px; text-indent:32.667px; page-break-before:always"><FONT style="background-color:#FFFFFF">This Agreement has been duly executed by an authorized officer</FONT><FONT style="background-color:#FFFFFF">,</FONT><FONT style="background-color:#FFFFFF"> by each of the following parties</FONT><FONT style="background-color:#FFFFFF">,</FONT><FONT style="background-color:#FFFFFF"> as of the date first set forth above.</FONT></P>
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<TR><TD style="margin-top:0px; padding:0px" valign=top width=250.2 colspan=5><P style="margin-top:6.067px; margin-bottom:6.067px">THE GREATER CANNABIS COMPANY, INC.</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=0.533 colspan=5><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding:0px" width=19.333 height=12.8><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; padding:0px" width=38.2 height=12.8 colspan=2><P style="margin:0px"><BR></P>
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<TR><TD style="margin-top:0px; padding:0px" valign=top width=19.333><P style="margin-top:6.067px; margin-bottom:6.067px; padding-left:16px; text-indent:-16px">By:</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=2.6><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.6><P style="margin:0px; font-size:7.5pt">&#160; </P>
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</TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=250.2 colspan=5><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=0.533 colspan=5><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=19.333><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=2.6><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.6><P style="margin-top:6.067px; margin-bottom:6.067px; padding-left:16px; text-indent:-16px">Name:</P>
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<TR><TD style="margin-top:0px; padding:0px" valign=top width=19.333><P style="margin:0px; font-size:7.5pt">&#160;</P>
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</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.6><P style="margin-top:6.067px; margin-bottom:6.067px; padding-left:16px; text-indent:-16px">Title:</P>
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<P style="margin:0px"><BR></P>
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</TD><TD style="margin-top:0px; padding:0px" width=0.533 height=12.8 colspan=5><P style="margin:0px">&nbsp;</P></TD></TR>
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</TD><TD style="margin-top:0px; padding:0px" valign=top width=0.533 colspan=5><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding:0px" width=19.333 height=12.8><P style="margin:0px"><BR></P>
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</TD><TD style="margin-top:0px; padding:0px" width=0.733 height=12.8 colspan=2><P style="margin:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=19.333><P style="margin-top:6.067px; margin-bottom:6.067px; padding-left:16px; text-indent:-16px">By:</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=2.6><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=8.2><P style="margin:0px; font-size:7.5pt">&#160;</P>
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<TR><TD style="margin-top:0px; padding:0px" valign=top width=19.333><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=2.6><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.6><P style="margin-top:6.067px; margin-bottom:6.067px; padding-left:16px; text-indent:-16px">Name:</P>
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</TD><TD style="margin-top:0px; padding:0px" valign=top width=185.267 colspan=2><P style="margin:0px; font-size:7.5pt">&#160;<FONT style="font-size:10pt">Wayne Anderson</FONT></P>
<P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=19.333><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=2.6><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.6><P style="margin-top:6.067px; margin-bottom:6.067px; padding-left:16px; text-indent:-16px">Title:</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=8.2><P style="margin:0px; font-size:7.5pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=185.267 colspan=2><P style="margin:0px; font-size:7.5pt">&#160;<FONT style="font-size:10pt">President</FONT></P>
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<P style="margin-top:0px; margin-bottom:-2px; text-indent:432px; width:432px; font-size:11pt; float:left">&nbsp;______________________</P>
<P style="margin-top:0px; margin-bottom:10.667px; padding-left:240px; text-indent:-2px; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0px; margin-bottom:10.667px; clear:left"><BR>
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<P style="margin:0px; font-size:11pt" align=center>5</P>
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