Attached files

file filename
S-1 - S-1 - GENERAL CANNABIS CORPcann_s1.htm
EX-2 - ARTICLES OF MERGER - GENERAL CANNABIS CORPcann_ex2.htm
EX-3.5 - ARTICLES OF AMENDMENT - GENERAL CANNABIS CORPcann_ex35.htm
EX-5 - ATTORNEYS AT LAW - GENERAL CANNABIS CORPcann_ex5.htm
EXCEL - IDEA: XBRL DOCUMENT - GENERAL CANNABIS CORPFinancial_Report.xls
EX-10.12 - LEASE AGREEMENT - GENERAL CANNABIS CORPcann_ex1012.htm
EX-10.8 - NOTE AND DEED - GENERAL CANNABIS CORPcann_ex108.htm
EX-10.9 - FORM OF CONVERTIBLE NOTE - GENERAL CANNABIS CORPcann_ex109.htm
EX-21 - GENERAL CANNABIS CORPcann_ex21.htm
EX-23.1 - CONSENT OF ACCOUNTANTS - GENERAL CANNABIS CORPcann_ex231.htm
EX-23.2 - SHARE EXCHANGE AGREEMENT - GENERAL CANNABIS CORPcann_ex232.htm
EX-10.10 - FORM OF SERIES A WARRANT - GENERAL CANNABIS CORPcann_ex1010.htm
 
EXHIBIT 10.7
ASSET SALE AGREEMENT


The parties hereto agree as follow:

1. Effective as of the date of this Agreement, Advanced Cannabis Solutions, Inc. does hereby assign all of its assets, tangible or intangible, relating to its oil and gas map business to Steven Tedesco.

2. In consideration for the transfer of such assets, Steven Tedesco agrees to assume all of the liabilities of Advanced Cannabis Solutions, Inc. relating to its oil and gas map business.


December 30, 2013

ADVANCED CANNABIS SOLUTIONS, INC.



By: /s/ Robert L. Frichtel                                                                
       Robert L. Frichtel, President


/s/ Steven Tedesco                                                          
Steven Tedesco









ACS Asset Sale Agree. Tedesco 12-30-13