Exhibit 10.2
 
A D D E N D U M

THIS ADDENDUM, made this 22nd day of April 2014 (“Addendum”), by and among
Tangiers Investors LP ("Tangiers", or “Investor”), and North Bay Resources Inc.
("North Bay", or the “Company”), to that certain Tangiers Convertible Promissory
Note Agreement dated October 2, 2012  (the “Note Agreement”), by and among  the
Parties. Terms not defined otherwise herein shall have the meanings ascribed to
them in the Note Agreement.

WHEREAS, pursuant to the Note Agreement, North Bay and Tangiers agreed to a
Convertible Promissory Note on the terms and conditions set forth therein.

WHEREAS, the Parties desire to enter into this Addendum to supplement and
clarify the terms and conditions of the Note Agreement.

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
contained herein, the Parties jointly and severally agree to the following:

1. Amendment.

1.1 The “Conversion Price”

The unnumbered provision in the Note Agreement pertaining to “Conversion Price”
is hereby amended and restated in its entirety as set forth below:

The “Conversion Price” shall be the following price:
As applied to the Conversion Formula set forth in
2.2, $0.02; as applies to North Bay Resources Inc.
voting common stock.

1.2 The “Warrant Rights”

The unnumbered provision in the Note Agreement pertaining to “Warrant Rights” is
hereby deleted in its entirety.
 
2. General Provisions.

2.1 Except as defined herein, all defined terms used herein shall have the
meaning set forth in the Note Agreement

2.2 The captions to the paragraphs/sections in this Amendment are not a part of
this Amendment or the Note Agreement, and are included merely for convenience of
reference only and shall not affect its meaning or interpretation.
 
 
 

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2.3 This Amendment may be signed in any number of counterparts with the same
effect as if the signatures thereto and hereto were upon the same instrument.

2.4 Company and Investor confirm and acknowledge that the Note Agreement is in
full force and effect, that there have been no uncured events of breach to date,
and that each represents and warrants to the other that they are in material
compliance with the Note Agreement. Except for the changes made by this
Amendment to the Note Agreement, the Note Agreement remains in full force and
effect without modification. All references to the Agreement in the Note
Agreement mean the Note Agreement as amended hereby.

IN WITNESS WHEREOF, the Parties hereto have duly executed this Addendum to the
Note Agreement as of this 22nd day of April, 2014.
 
Tangiers Investors, LP

 
By:   /s Michael Sobeck                                       
Name: Michael Sobeck
Title:   General Partner
 

 
North Bay Resources Inc.
 
 
By:   /s/ Perry Leopold                                         
Name: Perry Leopold
Title:   CEO