Exhibit 10.3


PROMISSORY
NOTE





April
29, 2014


$59,274.59


 





1.
FOR VALUE RECEIVED, Cabinet Grow, Inc., a California corporation (“Maker”) promises to pay to Matt Lee, an
individual (“Payee”), the principal sum of fifty nine thousand two hundred seventy four 59/100 Dollars ($59,274.59)
(“Principal”). The unpaid Principal shall bear interest at the rate of fifteen percent (15.0%) per year compounded
daily.


2.
The Principal and interest on the Principal will be payable as follows: eleven consecutive monthly payments of $1,500.00 each
payable on or before the 15th day of each month (commencing in May 2014 and continuing through March 2015) and a final
balloon payment of $50,382.91 due on April 15, 2015.


3.
Interest shall be computed on the basis of a 365-day year. Any payment made on this Note shall first be applied to the payment
of accrued and unpaid interest, and the remaining portion of any such payment shall, be applied to reduce the Principal.


4.
At its option, the holder of this Note may accelerate the payment due pursuant to this Note, making the unpaid balance of the
Note (the total of the unpaid Principal and accrued interest) due immediately without presentment for payment and upon written
notice to Maker, if any of the following (an “Event of Default”) occur:


(a)
Maker fails to pay an amount owed pursuant to this Note within ten (10) days after written notice that such payment is past due.


(b)
Maker:


(i)Becomes
insolvent or offers settlement to any creditor;


(ii)Files
a voluntary petition in bankruptcy, or has filed against it an involuntary petition in bankruptcy which is not dismissed within
sixty (60) days;


(iii)Institutes
any proceeding under any bankruptcy or insolvency laws relating to the relief of debtors;


(iv)Gives
notice of any intended bulk sale or completes any bulk sale without providing for the full payment of this Note prior to or concurrently
with the consummation of such bulk sale;


(v)Makes
an assignment for the benefit of creditors;


(vi)Is
dissolved; or


(vii)Merges
into another entity and ceases to exist as a separate legal entity.


(c)
Any writ of execution or attachment or any judgment lien is issued against the Maker and is not discharged or bonded against or
released within 30 days after the issuance or attachment of such writ or lien.


(d)
A receiver is appointed for Maker.


5.
All payments under this Note shall be made in lawful currency of the United States at the address specified below for notices
to the Payee or at another location designated by the holder of this Note.


6.
This Note may be prepaid in full or in part, at any time, without penalty.


7.
Maker waives diligence, presentment, protest and notice of protest, dishonor and nonpayment of this Note, and expressly agrees
that this Note, or any payment under it, may be extended and any security may be accepted, released or substituted by the holder
of this Note from time to time without in any way affecting the liability of Maker.


8.
Maker agrees to reimburse Payee (or any subsequent holder of this Note) for all costs of collection or enforcement of this Note,
whether or not suit is filed (including, but not limited to, actual legal fees), incurred by Payee (or any subsequent holder of
this Note).


9.
Maker, Payee and any subsequent holder of this Note hereby waive the right to trial by
jury in any action arising under or related to this Note. Any dispute arising under or related to this Note shall be resolved
exclusively in State court in Orange County, California. The parties hereby consent to such exclusive jurisdiction and venue and
waive any objections thereto. 


10.
All notices, requests, demands, reports, statements and other communications to be made pursuant to this Note shall be in writing
and shall be deemed to have been duly given on the date of service if served personally, on the party to whom notice is to be
given, or on the day of actual receipt if mailed to the party to whom notice is to be given, by first class mail, registered or
certified, return receipt requested, postage prepaid, and properly addressed as follows:


 


If
to Maker:


Cabinet
Grow, Inc.


Attn:
Mr. Sam May


17801
Main Street, Suite E


Irvine,
California 92614


 


If
to Payee:


Mr.
Matt Lee


268
Avenida Montalvo #19


San
Clemente, CA. 92672


 


 


 


Any
party may change its address for purposes of this Note by giving the other party written notice of the new address in the manner
set forth above.


11.
If one or more provisions of this Note are held to be void or unenforceable in whole or in part, the remaining provisions
will continue in full force and effect.


12.
Payee and any subsequent holder of this Note may assign this Note at its sole discretion.


13.
This Note shall be governed by and construed in accordance with the laws of the State of California, regardless of any laws
on choice of or conflicts of laws of any jurisdiction.


 


	 

        MAKER:

         

        CABINET
        GROW, INC., a California corporation

         

         

        By:
        _________________________

             Sam
        May, President