Exhibit 10.1

 

AMENDMENT #4

 

TO THE $550,000 PROMISSORY NOTE DATED JANUARY 16, 2018

 

The parties agree that the $550,000 Fixed Convertible Promissory Note (the
“Note”) by and between Indoor Harvest Corp. (the “Borrower”) and Tangiers
Global, LLC (the “Lender”) is hereby amended as follows:

 

1.Payment. The Lender shall make a payment to the Borrower of $101,750 of
Consideration ($92,500 in cash and $9,250 in an OID) under the Note on or before
July 27, 2018.

 

2.Use of Proceeds. The Company covenants that it will within, 1.5 month(s) of
the Effective Date of this Consideration, it shall use approximately $92,500 of
the proceeds in the manner set forth below (the “Use of Proceeds”):

 

$54,000 G&A, $25,000 accounting and legal and $13,500 misc.

 

3.Independent Transactions. The Borrower understands and agrees that the Note
sets forth the terms for a series of independent transactions in which the
Lender may elect to make a payment of Consideration to the Borrower with each
payment of Consideration creating a separate obligation of the Borrower to the
Lender with the terms set forth in the Note. Accordingly, the Maturity Date of
each payment of Consideration, and the repayment terms for each payment of
Consideration, are as set forth in the Note.

 

4.The Borrower confirms that it has not undertaken any capital raise, whether
through debt or equity, with any other party since the Effective Date of the
Note.

 

ALL OTHER TERMS AND CONDITIONS OF THE NOTE REMAIN IN FULL FORCE AND EFFECT.

 

Please indicate acceptance and approval of this amendment dated July 27, 2018 by
signing below:

 

/s/Chad Sykes   /s/Justin Ederle Indoor Harvest Corp.   Tangiers Global, LLC    
  By: Chad Sykes   By: Justin Ederle Its: Principal Financial Officer   Its:
Managing Member