ITEM 1.01—ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On August 18, 2017, we received proceeds of $47,250, net of transaction costs, from an 8% Convertible Promissory Note and Securities Purchase Agreement dated August 16, 2017, with BNA Investment Capital, LLC, a Wyoming limited liability company. The Securities Purchase Agreement provides for a promissory convertible note in the aggregate principal amount up to $275,000, in tranches of $50,000 each, with additional tranches in the sole discretion of the accredited investor. The note accrues interest at the rate of 8% per annum, and the maturity date for each tranche funded is 12 months from the effective date of its payment. The outstanding amounts funded under the promissory note are convertible into shares of CannaSys, Inc. common stock in accordance with its terms. These securities were issued in reliance on the exemption from registration provided in Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions not involving any public offering. BNA Investment Capital, LLC, is an “accredited investor” as defined in Rule 501(a) of Regulation D and confirmed the foregoing and acknowledged, in writing, that the securities were acquired and will be held for investment. No underwriter participated in the offer and sale of these securities, and no commission or other remuneration was paid or given directly or indirectly in connection therewith.