Exhibit 10.24


 


FIRST
MODIFICATION OF PROMISSORY NOTE


 


THIS
FIRST MODIFICATION OF PROMISSORY NOTE (“Modification”) is dated as of the 11th day of December, 2017,
between FIRSTFORM, INC. and SPORTS FIELD HOLDINGS, INC. (the “Borrowers”) and GENLINK CAPITAL,
LLC (the “Lender”).


 


Recitals:


 


		A.	The
                                         Borrowers executed a Promissory Note, in the original principal amount of $1,000,000.00,
                                         dated July 14, 2016 (the “Note”).



 


		B.	The
                                         Borrowers have requested that the Lender permit certain modifications to the Note as
                                         described below.



 


		C.	The
                                         Lender has agreed to such modifications, but only upon the terms and conditions of this
                                         Modification.



 


TERMS
OF AGREEMENT


 


In
consideration of the mutual covenants contained herein, and for other good and valuable consideration, the Borrowers and the Lender
agree as follows:


 


		1.	All
                                         terms not otherwise defined in this Modification shall have the meaning given to such
                                         terms in the Note.



 


		2.	The
                                         principal balance of the Note outstanding as of the date of this Modification is $1,000,000.00.



 


		3.	Contemporaneously
                                         with the execution of this Modification, the Borrowers shall pay to the Lender, in the
                                         form of immediately available funds, a modification fee of $10,000.00.



 


		4.	Upon
                                         the Lender’s receipt of the modification fee set forth in paragraph 3 above, the
                                         Note shall be modified as follows:



 


		a.	The
                                         Maturity Date of the Note is changed to January 25, 2019.



 


		b.	The
                                         first paragraph of the section titled “PAYMENT AND REBORROWING” is deleted
                                         in its entirety and the following new paragraph is substituted in lieu thereof:



 


PAYMENT
AND REBORROWING. Borrowers shall make monthly payments of principal plus accrued interest, in the amount of $20,833.33.
Borrowers’ first payment of $20,833.33 shall be due on January 25, 2018, and all subsequent payments are due on the
same day of each month after that. In addition, on the Due Date, Borrowers shall make one payment in the amount of all unpaid
principal and interest.


 


		5.	Except
                                         as stated above, all other terms of the Note shall remain unchanged and in full force
                                         and effect.



 






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IMPORTANT:
READ BEFORE SIGNING THE AGREEMENT(S) ACCOMPANYING THIS NOTICE. THE TERMS OF THE AGREEMENT(S) SHOULD BE READ CAREFULLY
BECAUSE ONLY THOSE TERMS IN WRITING ARE ENFORCEABLE. NO OTHER TERMS OR ORAL PROMISES NOT CONTAINED IN THE WRITTEN
CONTRACT(S) MAY BE LEGALLY ENFORCED. YOU MAY CHANGE THE TERMS OF THE AGREEMENT(S) ONLY BY ANOTHER WRITTEN AGREEMENT. THIS
NOTICE ALSO APPLIES TO ANY OTHER CREDIT AGREEMENTS (EXCEPT CONSUMER LOANS OR OTHER EXEMPT TRANSACTIONS) NOW IN EFFECT BETWEEN
YOU AND THIS LENDER.


 


BORROWERS
ACKNOWLEDGE RECEIPT OF A COPY OF THIS MODIFICATION TO PROMISSORY NOTE.


 


IN WITNESS WHEREOF, the parties have executed
this Modification as of the day and year first above written.


 





	BORROWERS:	 	LENDER:
	 	 	 	 	 
	FIRSTFORM, INC.	 	GENLINK CAPITAL, LLC
	 	 	 	 	 
	By:	/s/
    Jeromy Olson	 	By:	/s/
Jeremy Rasmussen 
		Jeromy Olson, its CEO	 		Jeremy
    Rasmussen, Director
	 	12/11/2017	 	 	
		 	 	 	 
	SPORTS FIELD HOLDINGS, INC.	 	 	 
	 	 	 	 	 
	By:	/s/
    Jeromy     Olson, its CEO	 	 	 
	 	12/11/2017	 	 	 




 


 


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