ITEM 3.02—UNREGISTERED SALES OF EQUITY SECURITIES

On May 23, 2016, CannaSys, Inc., entered into Amendment No. 1 to Transaction Documents with B44, LLC, a Colorado limited liability company, and Kodiak Capital Group, LLC, a Delaware limited liability. The amendment was executed by all parties on May 25, 2016. In connection therewith, on May 23, 2016, CannaSys issued a Second Amended and Restated Convertible Promissory Note (the "Amended Note") in the principal amount of $50,000 to Kodiak Capital Group. The Amended Note amends and restates an unsecured promissory note with a principal balance of $50,000, dated June 26, 2015, in favor of B44 (the "Original Note"), which B44 had earlier assigned to Kodiak Capital Group. The Amended Note was 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. Kodiak Capital Group 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.