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-10.10
<SEQUENCE>20
<FILENAME>f1010.htm
<DESCRIPTION>PROMISSORY NOTE BETWEEN THE GREATER CANNABIS COMPANY, INC. AND JOHN T. ROOT, JR. DATED AS OF MARCH 22, 2017
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="author" CONTENT="Davor">
<META NAME="date" CONTENT="04/19/2017">
</HEAD>
<BODY style="margin-top:0;font-family:'Times New Roman'; font-size:10pt; color:#000000">
<DIV style="width:720px"><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>THE GREATER CANNABIS COMPANY, INC.</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>PROMISSORY NOTE</B></P>
<P style="margin-top:12px; margin-bottom:0px"><BR></P>
<P style="margin-top:0px; margin-right:-546.8px; margin-bottom:-2px; width:625px; float:left"><B>March 22, 2017</B></P>
<P style="margin-top:0px; margin-bottom:-2px; width:546.8px; float:left" align=right>$375.00 USD</P>
<P style="margin-top:0px; margin-bottom:-2px; width:625px; float:left" align=right>4% Interest</P>
<P style="margin-top:0px; margin-bottom:-2px; width:625px; float:left" align=right>Payable on Demand</P>
<P style="margin-top:18px; margin-bottom:0px; padding-right:4.8px; text-indent:24px; font-family:'Times New Roman Bold,Times New Roman'; clear:left" align=justify>FOR VALUE RECEIVED, <FONT style="font-family:'Times New Roman'">the undersigned The Greater Cannabis Company, Inc. a Florida corporation (the &quot;Issuer&quot;), hereby promise to pay to the order of John T. Root, Jr. or its assignee(s) (the &quot;Note Holder(s)&quot;) three hundred seventy-five dollars ($375.00) USD DUE UPON DEMAND by the note holder six months after the execution of this Promissory Note. &nbsp;The Note will be paid according to the following terms and conditions:</FONT></P>
<P style="margin-top:14px; margin-bottom:0px; padding-left:24px; padding-right:4.8px; text-indent:-24px; font-family:'Times New Roman Bold,Times New Roman'" align=justify>1. Promise to Pay: <FONT style="font-family:'Times New Roman'">Upon demand by the &#147;Note Holder&#148;, the Issuer promises to pay three hundred seventy five dollars &nbsp;($375.00) USD for monies given to the Issuer, from the date hereof, to compensate the Note Holder for the actual amount paid to the Issuer, Greater Cannabis Company, Inc. as well as interest calculated using the simple annual interest rate of four percent (4%). &nbsp;This Promissory Note is fully assignable by the Note Holder.</FONT></P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-family:'Times New Roman Bold,Times New Roman'; font-size:12pt; float:left"><B>2.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px; font-family:'Times New Roman Bold,Times New Roman'" align=justify>Responsibility: <FONT style="font-family:'Times New Roman'">The Issuer is irrevocably responsible and liable for paying the full amount due on this Promissory Note on demand. &nbsp;</FONT></P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:64.8px; width:96px; clear:left; float:left">a.</P>
<P style="margin:0px; padding-left:36px; padding-right:4.8px; text-indent:-2px" align=justify>The Note Holder has the option to insist on either cash payment of the balance of the Note, <I>i.e.,</I> the obligation plus accrued interest, or, in his/her/its sole discretion, convert the balance of the Note into common shares at the rate of $.001 per share. &nbsp;</P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:64.8px; width:96px; clear:left; float:left">b.</P>
<P style="margin:0px; padding-left:36px; padding-right:4.8px; text-indent:-2px" align=justify>Thus, for example, a Note with a balance of $375.00 would be convertible into the equivalent of 375,000 shares of Common stock of the issuer at the conversion price of $0.001 per share (par value of common shares). &nbsp;</P>
<P style="margin-top:14px; margin-bottom:0px; padding-right:4.8px; text-indent:28.8px; clear:left" align=justify>c. Interest shall not accrue on the Note during the first six months from the date executed.</P>
<P style=margin-top:16px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-family:'Times New Roman Bold,Times New Roman'; font-size:12pt; float:left"><B>3.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px; font-family:'Times New Roman Bold,Times New Roman'" align=justify>Default: <FONT style="font-family:'Times New Roman'">If for any reason the Issuer fails to make the payment on time, then the Issuer shall be in default. &nbsp;The Note Holder can then demand immediate payment of the entire remaining unpaid balance of this Promissory Note, without giving anyone further notices. &nbsp;If the Issuer has not paid the full amount of the Promissory Note when the final payment is due, the Note Holder has the option to convert this Promissory Note at the time of presentation and should the Issuer restructure its capital (</FONT><FONT style="font-family:'Times New Roman'"><I>i.e.,</I></FONT><FONT style="font-family:'Times New Roman'"> reverse split etc.), that restructure shall have no bearing on the conversion price $0.001 per share equivalent owing at the time of any such conversion. &nbsp;</FONT></P>
<P style=margin-top:16px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-size:12pt; clear:left; float:left"><B>4.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px" align=justify>The Greater Cannabis Company, Inc. shall not negatively effect any conversion of the debt note held by John T. Root, Jr. or its assignee(s), such that he shall, upon the effect of a reverse split, be entitled to the same number of shares via conversion after the split that he would have been entitled to before such reverse split. &nbsp;In the event of a forward split, Expert Witness Locators or its assignee(s) shall enjoy the benefits of being entitled to such additional shares that current shareholders as of the date of record would enjoy. &nbsp;For example, a forward split of 10 for one would provide ten times the shares upon conversion after the split that Expert Witness Locators or its assignee(s) would have enjoyed prior to such forward split. &nbsp;</P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-family:'Times New Roman Bold,Times New Roman'; font-size:12pt; clear:left; float:left"><B>5.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px; font-family:'Times New Roman Bold,Times New Roman'" align=justify>Collection fees: <FONT style="font-family:'Times New Roman'">If this note is placed with an attorney for collection, then the Issuer agrees to pay an attorney's fee of fifteen percent (15%) of the unpaid balance. &nbsp;This fee will be added to the unpaid balance of the Note.</FONT></P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-family:'Times New Roman Bold,Times New Roman'; font-size:12pt; clear:left; float:left"><B>6.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px; font-family:'Times New Roman Bold,Times New Roman'" align=justify>Foreign Exchange:<FONT style="font-family:'Times New Roman'"> &nbsp;All conversion will be done on a par value based on the currency the Issuers convertible equity is priced in. </FONT></P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-family:'Times New Roman Bold,Times New Roman'; font-size:12pt; clear:left; float:left"><B>7.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px; font-family:'Times New Roman Bold,Times New Roman'" align=justify>&#147;Blocker&#148; Provision<FONT style="font-family:'Calibri,Times New Roman'">:</FONT><FONT style="font-family:'Times New Roman'"> &nbsp;John T. Root, Jr. or its assignee(s) shall not have the right to convert any portion of any such debt note, to the extent that after giving effect to such conversion, John T. Root, Jr. or its assignee(s) (together with his affiliates, should there be any) would beneficially own in excess of 9.99% of the number of shares of common stock of John T. Root, Jr. or its assignee(s) outstanding immediately after giving effect to such conversion.</FONT></P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-size:12pt; clear:left; float:left"><B>8.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px" align=justify><B>Assignment: </B>&nbsp;This instrument may be assigned in total or in any portion thereof without penalty to either the assigning DEBT HOLDER or the assignee DEBT HOLDER.</P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-size:12pt; clear:left; float:left"><B>9.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px" align=justify><B>Assistance: </B>&nbsp;The obligor of this instrument shall assist holder in assignment of the Note to any designee that holder designates. &nbsp;In the event that the holder determines to convert the Note into common shares, the issuer/obligor shall assist the holder by issuing such shares negotiable, and, if requested, issuing a letter to the satisfaction of the transfer agent and/or the brokerage firm and its clearing house or agent thereof at no charge to holder within ten (10) days of request by holder.</P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:96px; font-size:12pt; clear:left; float:left"><B>10.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px" align=justify>The parties agree that should any litigation arise in enforcing this instrument or any terms thereof, the jurisdiction shall be a court of original jurisdiction in Faulkner County, Arkansas.</P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:96px; font-size:12pt; clear:left; float:left"><B>11.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px" align=justify>The parties agree that should any litigation arise in enforcing this instrument or any terms thereof, the issuer/obligor shall make payment in advance to holder of one thousand five hundred dollars for court costs including, but not limited to, the filing of a complaint for enforcement.</P>
<P style="margin-top:12px; margin-bottom:0px; padding-right:4.8px; clear:left">IN WITNESS WHEREOF, the Issuers have executed and delivered this Note on the date first above written.</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">Lendor/Holder</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<P style="line-height:10pt; margin:0px"><BR></P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">/s/ John T. Root, Jr.</P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:-2px; width:384px; float:left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:-2px; width:336px; float:left">_________________</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:-2px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John T. Root, Jr.</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px; clear:left">P.O. Box 701</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">Greenbrier, AR 72058</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">(501) 529-8567</P>
<P style="margin-top:12px; margin-bottom:0px"><BR></P>
<P style="line-height:10pt; margin:0px"><BR></P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">Borrower/Issuer</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<P style="line-height:10pt; margin:0px"><BR></P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">/s/ Wayne Anderson</P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:-2px; width:384px; float:left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:-2px; width:336px; float:left">_________________</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:-2px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wayne Anderson</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px; clear:left">President</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">The Greater Cannabis Company, Inc.</P>
<P style="margin:0px" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244 2nd Ave N., Suite 9</P>
<P style="margin:0px; padding-left:336px; text-indent:48px">St. Petersburg, FL 33701 </P>
<P style="margin:0px; padding-left:336px; text-indent:48px">(727) 482-1505 </P>
<P style="line-height:10pt; margin:0px"><BR></P>
<P style="line-height:10pt; margin:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
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</DIV></BODY>
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EX-10.10
20
f1010.htm
PROMISSORY NOTE BETWEEN THE GREATER CANNABIS COMPANY, INC. AND JOHN T. ROOT, JR. DATED AS OF MARCH 22, 2017
Converted by EDGARwiz
<DOCUMENT>
<TYPE>EX-10.10
<SEQUENCE>20
<FILENAME>f1010.htm
<DESCRIPTION>PROMISSORY NOTE BETWEEN THE GREATER CANNABIS COMPANY, INC. AND JOHN T. ROOT, JR. DATED AS OF MARCH 22, 2017
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="author" CONTENT="Davor">
<META NAME="date" CONTENT="04/19/2017">
</HEAD>
<BODY style="margin-top:0;font-family:'Times New Roman'; font-size:10pt; color:#000000">
<DIV style="width:720px"><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>THE GREATER CANNABIS COMPANY, INC.</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>PROMISSORY NOTE</B></P>
<P style="margin-top:12px; margin-bottom:0px"><BR></P>
<P style="margin-top:0px; margin-right:-546.8px; margin-bottom:-2px; width:625px; float:left"><B>March 22, 2017</B></P>
<P style="margin-top:0px; margin-bottom:-2px; width:546.8px; float:left" align=right>$375.00 USD</P>
<P style="margin-top:0px; margin-bottom:-2px; width:625px; float:left" align=right>4% Interest</P>
<P style="margin-top:0px; margin-bottom:-2px; width:625px; float:left" align=right>Payable on Demand</P>
<P style="margin-top:18px; margin-bottom:0px; padding-right:4.8px; text-indent:24px; font-family:'Times New Roman Bold,Times New Roman'; clear:left" align=justify>FOR VALUE RECEIVED, <FONT style="font-family:'Times New Roman'">the undersigned The Greater Cannabis Company, Inc. a Florida corporation (the &quot;Issuer&quot;), hereby promise to pay to the order of John T. Root, Jr. or its assignee(s) (the &quot;Note Holder(s)&quot;) three hundred seventy-five dollars ($375.00) USD DUE UPON DEMAND by the note holder six months after the execution of this Promissory Note. &nbsp;The Note will be paid according to the following terms and conditions:</FONT></P>
<P style="margin-top:14px; margin-bottom:0px; padding-left:24px; padding-right:4.8px; text-indent:-24px; font-family:'Times New Roman Bold,Times New Roman'" align=justify>1. Promise to Pay: <FONT style="font-family:'Times New Roman'">Upon demand by the &#147;Note Holder&#148;, the Issuer promises to pay three hundred seventy five dollars &nbsp;($375.00) USD for monies given to the Issuer, from the date hereof, to compensate the Note Holder for the actual amount paid to the Issuer, Greater Cannabis Company, Inc. as well as interest calculated using the simple annual interest rate of four percent (4%). &nbsp;This Promissory Note is fully assignable by the Note Holder.</FONT></P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-family:'Times New Roman Bold,Times New Roman'; font-size:12pt; float:left"><B>2.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px; font-family:'Times New Roman Bold,Times New Roman'" align=justify>Responsibility: <FONT style="font-family:'Times New Roman'">The Issuer is irrevocably responsible and liable for paying the full amount due on this Promissory Note on demand. &nbsp;</FONT></P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:64.8px; width:96px; clear:left; float:left">a.</P>
<P style="margin:0px; padding-left:36px; padding-right:4.8px; text-indent:-2px" align=justify>The Note Holder has the option to insist on either cash payment of the balance of the Note, <I>i.e.,</I> the obligation plus accrued interest, or, in his/her/its sole discretion, convert the balance of the Note into common shares at the rate of $.001 per share. &nbsp;</P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:64.8px; width:96px; clear:left; float:left">b.</P>
<P style="margin:0px; padding-left:36px; padding-right:4.8px; text-indent:-2px" align=justify>Thus, for example, a Note with a balance of $375.00 would be convertible into the equivalent of 375,000 shares of Common stock of the issuer at the conversion price of $0.001 per share (par value of common shares). &nbsp;</P>
<P style="margin-top:14px; margin-bottom:0px; padding-right:4.8px; text-indent:28.8px; clear:left" align=justify>c. Interest shall not accrue on the Note during the first six months from the date executed.</P>
<P style=margin-top:16px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-family:'Times New Roman Bold,Times New Roman'; font-size:12pt; float:left"><B>3.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px; font-family:'Times New Roman Bold,Times New Roman'" align=justify>Default: <FONT style="font-family:'Times New Roman'">If for any reason the Issuer fails to make the payment on time, then the Issuer shall be in default. &nbsp;The Note Holder can then demand immediate payment of the entire remaining unpaid balance of this Promissory Note, without giving anyone further notices. &nbsp;If the Issuer has not paid the full amount of the Promissory Note when the final payment is due, the Note Holder has the option to convert this Promissory Note at the time of presentation and should the Issuer restructure its capital (</FONT><FONT style="font-family:'Times New Roman'"><I>i.e.,</I></FONT><FONT style="font-family:'Times New Roman'"> reverse split etc.), that restructure shall have no bearing on the conversion price $0.001 per share equivalent owing at the time of any such conversion. &nbsp;</FONT></P>
<P style=margin-top:16px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-size:12pt; clear:left; float:left"><B>4.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px" align=justify>The Greater Cannabis Company, Inc. shall not negatively effect any conversion of the debt note held by John T. Root, Jr. or its assignee(s), such that he shall, upon the effect of a reverse split, be entitled to the same number of shares via conversion after the split that he would have been entitled to before such reverse split. &nbsp;In the event of a forward split, Expert Witness Locators or its assignee(s) shall enjoy the benefits of being entitled to such additional shares that current shareholders as of the date of record would enjoy. &nbsp;For example, a forward split of 10 for one would provide ten times the shares upon conversion after the split that Expert Witness Locators or its assignee(s) would have enjoyed prior to such forward split. &nbsp;</P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-family:'Times New Roman Bold,Times New Roman'; font-size:12pt; clear:left; float:left"><B>5.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px; font-family:'Times New Roman Bold,Times New Roman'" align=justify>Collection fees: <FONT style="font-family:'Times New Roman'">If this note is placed with an attorney for collection, then the Issuer agrees to pay an attorney's fee of fifteen percent (15%) of the unpaid balance. &nbsp;This fee will be added to the unpaid balance of the Note.</FONT></P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-family:'Times New Roman Bold,Times New Roman'; font-size:12pt; clear:left; float:left"><B>6.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px; font-family:'Times New Roman Bold,Times New Roman'" align=justify>Foreign Exchange:<FONT style="font-family:'Times New Roman'"> &nbsp;All conversion will be done on a par value based on the currency the Issuers convertible equity is priced in. </FONT></P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-family:'Times New Roman Bold,Times New Roman'; font-size:12pt; clear:left; float:left"><B>7.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px; font-family:'Times New Roman Bold,Times New Roman'" align=justify>&#147;Blocker&#148; Provision<FONT style="font-family:'Calibri,Times New Roman'">:</FONT><FONT style="font-family:'Times New Roman'"> &nbsp;John T. Root, Jr. or its assignee(s) shall not have the right to convert any portion of any such debt note, to the extent that after giving effect to such conversion, John T. Root, Jr. or its assignee(s) (together with his affiliates, should there be any) would beneficially own in excess of 9.99% of the number of shares of common stock of John T. Root, Jr. or its assignee(s) outstanding immediately after giving effect to such conversion.</FONT></P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-size:12pt; clear:left; float:left"><B>8.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px" align=justify><B>Assignment: </B>&nbsp;This instrument may be assigned in total or in any portion thereof without penalty to either the assigning DEBT HOLDER or the assignee DEBT HOLDER.</P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:48px; font-size:12pt; clear:left; float:left"><B>9.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px" align=justify><B>Assistance: </B>&nbsp;The obligor of this instrument shall assist holder in assignment of the Note to any designee that holder designates. &nbsp;In the event that the holder determines to convert the Note into common shares, the issuer/obligor shall assist the holder by issuing such shares negotiable, and, if requested, issuing a letter to the satisfaction of the transfer agent and/or the brokerage firm and its clearing house or agent thereof at no charge to holder within ten (10) days of request by holder.</P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:96px; font-size:12pt; clear:left; float:left"><B>10.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px" align=justify>The parties agree that should any litigation arise in enforcing this instrument or any terms thereof, the jurisdiction shall be a court of original jurisdiction in Faulkner County, Arkansas.</P>
<P style=margin-top:14px;margin-bottom:-1pt;font-size:1pt /><P style="margin-top:0px; margin-bottom:-2px; text-indent:33.6px; width:96px; font-size:12pt; clear:left; float:left"><B>11.</B></P>
<P style="margin:0px; padding-left:28.8px; padding-right:4.8px; text-indent:-2px" align=justify>The parties agree that should any litigation arise in enforcing this instrument or any terms thereof, the issuer/obligor shall make payment in advance to holder of one thousand five hundred dollars for court costs including, but not limited to, the filing of a complaint for enforcement.</P>
<P style="margin-top:12px; margin-bottom:0px; padding-right:4.8px; clear:left">IN WITNESS WHEREOF, the Issuers have executed and delivered this Note on the date first above written.</P>
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<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">Lendor/Holder</P>
<P style="line-height:10pt; margin:0px"><BR></P>
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<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">/s/ John T. Root, Jr.</P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:-2px; width:384px; float:left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:-2px; width:336px; float:left">_________________</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:-2px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John T. Root, Jr.</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px; clear:left">P.O. Box 701</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">Greenbrier, AR 72058</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">(501) 529-8567</P>
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<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">Borrower/Issuer</P>
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<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">/s/ Wayne Anderson</P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:-2px; width:384px; float:left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:-2px; width:336px; float:left">_________________</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:-2px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wayne Anderson</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px; clear:left">President</P>
<P style="line-height:10pt; margin:0px; padding-left:19.2px; padding-right:68.133px; text-indent:364.8px">The Greater Cannabis Company, Inc.</P>
<P style="margin:0px" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244 2nd Ave N., Suite 9</P>
<P style="margin:0px; padding-left:336px; text-indent:48px">St. Petersburg, FL 33701 </P>
<P style="margin:0px; padding-left:336px; text-indent:48px">(727) 482-1505 </P>
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