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TREES Corp. (Colorado) – ‘8-K’ for 9/3/21 – ‘EX-10.1’

On:  Friday, 9/10/21, at 1:49pm ET   ·   For:  9/3/21   ·   Accession #:  1558370-21-12380   ·   File #:  0-54457

Previous ‘8-K’:  ‘8-K’ on 9/8/21 for 9/2/21   ·   Next:  ‘8-K’ on 9/14/21 for 9/10/21   ·   Latest:  ‘8-K’ on 12/21/23 for 12/15/23   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/10/21  General Cannabis Corp.            8-K:5,9     9/03/21   12:343K                                   Toppan Merrill Bridge/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     36K 
 2: EX-10.1     Material Contract                                   HTML     13K 
 3: EX-10.2     Material Contract                                   HTML     64K 
 8: R1          Document and Entity Information                     HTML     41K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
 7: XML         XBRL Instance -- cann-20210903x8k_htm                XML     14K 
 9: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 5: EX-101.LAB  XBRL Labels -- cann-20210903_lab                     XML     40K 
 6: EX-101.PRE  XBRL Presentations -- cann-20210903_pre              XML     27K 
 4: EX-101.SCH  XBRL Schema -- cann-20210903                         XSD     13K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               10±    16K 
12: ZIP         XBRL Zipped Folder -- 0001558370-21-012380-xbrl      Zip     27K 


‘EX-10.1’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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September 5, 2021

Jessica Bast

VIA EMAIL

Dear Jessica,

I am very pleased to offer you the opportunity of Chief Financial Officer of General Cannabis Corp. The following information outlines the terms of the employment offer:

Start Date: September 6, 2021
Title: Chief Financial Officer
Reporting to: Adam Hershey, Interim CEO
Base Salary: $165,000 annually, to be paid bi-weekly (unchanged from current salary)
Bonus Potential: 10% guaranteed minimum ($16,500), additional at the discretion of the Board

Stock Options:

All current options vest immediately; however, lock up until the one-year anniversary of the date hereof (as well as subject to customary black-out periods)
Exercise price to be closing price as of 9-3; except 4/22/2020 tranche of 34,880 to remain with $0.39 exercise price
Expiration of all options to be the later of (i) December 31, 2024 or (ii) existing term
Participation in Company stock option plan

Work Schedule: Flexible as to physical office; must be available to come to office when needed

Location: Denver

Benefits:

Medical, dental, vision insurance (same as current)
Short-term disability and life insurance
401K Plan (same as current)
Paid time off per company policy

This letter does not constitute a guarantee or contract of employment, and employment is at-will. Accordingly, subject to the provisions described herein, you or the Company may terminate employment for any or no reason. Employment continues to be subject to our policies, procedures, and handbook, subject to revisions from time to time.

Congratulations and we look forward to continuing to work with you in your new role!


Sincerely,

Adam Hershey
Interim CEO, General Cannabis Corp

Agreed and Accepted:

_____________________________

Jessica Bast



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
12/31/24
Filed on:9/10/218-K
9/6/213
9/5/21
For Period end:9/3/21
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/10/24  TREES Corp. (Colorado)            10-K       12/31/23  121:9.3M                                   EdgarAgents LLC/FA
 4/17/23  TREES Corp. (Colorado)            10-K       12/31/22  115:12M                                    Toppan Merrill Bridge/FA
 3/25/22  TREES Corp. (Colorado)            10-K       12/31/21  117:12M                                    Toppan Merrill Bridge/FA
11/12/21  TREES Corp. (Colorado)            10-Q        9/30/21   70:8.3M                                   Toppan Merrill Bridge/FA
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Filing Submission 0001558370-21-012380   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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