Document:

Exhibit 4.2

 

State of Delaware

Secretary of State

Division of Corporations

Delivered 04:12 PM 09/17/2018

FILED 04:12 PM 09/17/2018

SR 20186690540 - File Number 6160806

 

CERTIFICATE OF
DESIGNATION, PREFERENCES

AND OTHER RIGHTS OF THE OF

CLASS C CONVERTIBLE PREFERRED STOCK OF

BLOCKCHAIN HOLDINGS CAPITAL VENTURES, INC.

 

Pursuant
to Section 151 of the General Corporation Law of the State of Delaware, Blockchain Holdings Capital Ventures, Inc., a Delaware
corporation (the "Company"), does hereby certify:

 

The
Certificate of Amendment to the Certificate of Incorporation of the Company confers upon the Board of Directors of the Company
(the "Board of Directors") the authority to provide for the issuance of shares of preferred stock in classes and to
establish the number of shares to be included in each such class and to fix the powers, designations, preferences and rights of
the shares of each such class.

 

On
September 14, 2018, the Board of Directors duly adopted the following resolution creating a class of preferred stock designated
as the Class C Convertible Preferred Stock, and such resolution has not been modified and is in full force and effect on the date
hereof:

 

RESOLVED,
that the Company shall authorize a new class of preferred stock which shall be designated as Class C Convertible Preferred Stock
and that the number of shares thereof and the powers, preferences and rights of the shares of such series, and the qualifications,
limitations and restrictions thereof are as [follows :]

 

1.       General.

 

A.   
Designation and Number. Ten million (10,000,000) shares of the preferred stock, par value $.001 of the Company are
hereby designated as "Class C Convertible Preferred Stock" ("Preferred Stock").

 

B.    
Ranking. The Preferred Stock shall, with respect to payment of dividends, redemption payments and rights upon liquidation,
dissolution or winding-up of the affairs of the Company, rank:

 

i.     Senior
and prior to the common stock, par value $0.0001 of the Company ("Common Stock") and any additional series of preferred
stock which may in the future be issued by the Company and are designated in the amendment to the Certificate of Incorporation
or the certificate of designation establishing such additional preferred stock as ranking junior to the Preferred Shares. Any
shares of the Company's capital stock which are junior to the Preferred Shares with respect to the payment of dividends are hereinafter
referred to as “Junior Dividend Shares” and any shares which are junior to the Preferred Shares with respect
to redemption, payment and rights upon liquidation, dissolution or winding-up of the affairs of the Company are hereinafter referred
to as “Junior Liquidation Shares”.

 

 

 

 

 

    	 	1	 

     

    

 

ii    Pari
passu with any additional series of preferred stock which may in the future be issued by the Company and are designated in
the amendment to the Certificate of Incorporation or the certificate of designation establishing such additional preferred stock
as ranking equal to the Preferred Shares or which do not state they are Junior Dividend Shares or Senior Dividend Shares (as defined
below). Any shares of the Company's capital stock which are equal to the Preferred Shares with respect to the payment of dividends
are hereinafter referred to as “Parity Dividend Shares” and any shares which are equal to the Preferred Shares
with respect to redemption, payment and rights upon liquidation, dissolution or winding-up of the affairs of the Company are hereinafter
referred to as “Parity Liquidation Shares”.

 

iii.     Junior
to any additional series of preferred stock which may in the future be issued by the Company and are designated in the amendment
to the Certificate of Incorporation or the certificate of designation establishing such additional preferred stock as ranking
senior to the Preferred Shares. Any shares of the Company's capital stock which are senior to the Preferred Shares with respect
to the payment of dividends are hereinafter referred to as “Senior Dividend Shares” and any shares which are
senior to the Preferred Shares with respect to redemption, payment and rights upon liquidation, dissolution or winding-up of the
affairs of the Company are hereinafter referred to as “Senior Liquidation Shares”.

 

2.                 
Dividends. If, and when, the Board of Directors of the Company declares a dividend on the Common Stock, the holders of
the Preferred Stock of the Company shall be entitled to receive the same dividend as the holders of the Common Stock. The dividend
to be paid to the holders of the Preferred Stock shall be paid pro rata per share on a fully converted basis.

 

3.                 
Rights on Liquidation, Dissolution or Winding Up.

 

A.       
In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holders of shares of Preferred
Stock then outstanding shall be entitled, on a pro rata basis, to be paid out of the assets of the Company available for distribution
to its shareholders, whether from capital, surplus or earnings, $.01 per share of Preferred Stock plus an amount equal to the
sum of all accumulated and unpaid dividends through the date fixed for the payment of the distribution on the shares of Preferred
Stock, after any payment being made to the holders of shares of Senior Liquidation Shares, including the Class A Preferred Super
Majority Voting Stock of the Company and prior to any payment being made to the holders of shares of Junior Liquidation Shares.

 

B.       
If, upon any liquidation, dissolution or winding up of the Company, the assets of the Company available for distribution to its
shareholders shall be insufficient to pay the holders of shares of Preferred Stock the full amounts to which they respectively
shall be entitled, the holders of shares of Preferred Stock shall share ratably in any distribution of assets in proportion to
their respective ownership of Preferred Stock.

 

C.       
In the event of any liquidation, dissolution or winding up of the Company, after payment shall have been made to the holders of
shares of Preferred Stock of the full amount to which they shall be entitled as aforesaid, the holders of shares of Junior Liquidation
Shares, to the exclusion of the holders of shares of Preferred Stock, shall be entitled to share on a pro rata basis, according
to their respective rights and preferences, in all remaining assets of the Company available for distribution to its shareholders.

 

 

 

 

 

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D.
The consolidation or merger of the Company with one or more other entity, or the sale or transfer by the Company of all or substantially
all of its assets shall not be deemed to be a liquidation, dissolution or winding up of the Company.

 

4.       Voting.

 

A.     
Except as otherwise set forth in Paragraph "B" of this Article "4" of this Certificate of Designation or as
required by law, the holders of shares of Preferred Stock shall not have the right to vote upon matters submitted to the shareholders
of the Company or to receive notice of any meeting of the shareholders of the Company.

 

B.     
The Company shall not, without the affirmative vote or consent of the holders of shares of Preferred Stock representing a majority
of the shares of Preferred Stock then outstanding, acting as a separate class:

 

i.         
in any manner authorize or create any Parity Dividend Shares, Parity Liquidation Shares, Senior Dividend Shares or Senior Liquidation
Shares;

 

ii.       
in any manner alter or change the designations, powers, preferences or rights or the qualifications, limitations or restrictions
of the Preferred Stock;

 

iii.      
authorize the issuance of any other preferred stock with terms which are more advantageous than those set forth herein;

 

iv.      
agree to any provision in any agreement which would otherwise impose any restriction upon the Company's ability to honor the exercise
of any rights of the holders of the Preferred Stock; or

 

v.        agree or otherwise commit
to take any of the actions set forth above; provided however, that except as otherwise provided by law, any such vote or consent
as set forth in this Paragraph "B" of this Article "4" of this Certificate of Designation shall be sufficient
authorization, by the holders of the Preferred Stock, for any such action, and when such action is effected upon such vote or
consent, holders of shares of Preferred Stock dissenting from such action shall not have any rights other than the same rights
as all holders of the Preferred Stock, including, but not limited to, the right to payment for their shares by reason of this
provision.

 

5.       Conversion.

 

A.  
Each share of Preferred Stock shall be convertible into five (5) shares of Common Stock.

 

B.  
Each holder of Preferred Stock shall have the right to convert his, her or its shares of Preferred Stock into fully paid, validly
issued and non-assessable shares of Common Stock at any time after the date of issuance of the Preferred Stock (the "Issuance
Date").

 

 

 

 

 

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C.
Subject to, and in compliance with the provisions of this Article "5", if the holder of Preferred Stock has not previously
converted his, her of its shares of Preferred Stocks, such shares of Preferred Stock shall without any action on the part of the
holder thereof or the Company, be automatically converted into validly issued and non-assessable shares of Common Stock, upon:

 

i.
         the date of the closing of a public offering of the Company's securities;

 

ii.        
registration of the shares of Common Stock issuable upon conversion of the Preferred Stock;

 

iii.      
any consolidation, merger or other combination of the Company with or into another corporation; or

 

iv.      
the sale or conveyance to another corporation of all of substantially all of the Company's assets.

 

D.
Upon the conversion, all rights of the holders of the Preferred Stock including, but not limited to, any rights to future dividends
shall cease and the person or persons in whose name or names the certificate or certificates for the Preferred Stock are held
shall be treated for all purposes as having become record owners of the Common Stock of the Company at that time.

 

E.
At the time of conversion, the Company shall pay to the holder of record of any share or shares of Preferred Stock surrendered
for conversion any accrued and unpaid cumulative dividends on the shares being converted.

 

F.
The issuance of certificates for shares of Common Stock upon the conversion of the Preferred Stock shall be made without charge
for any tax with respect to the issuance. However, if any certificate is to be issued in a name or names other than the name or
names of the holder of record of the Preferred Stock converted, the person or persons requesting the issuance shall pay to the
Company the amount of any tax that may be payable in connection with any transfer involved in the issuance, or shall establish
to the satisfaction of the Company that the tax has been paid or is not due and payable.

 

G.
The Company shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, solely for
the purpose of effecting the conversion of the shares of Preferred Stock, such number of its shares of Common Stock as shall from
time to time be sufficient to effect the conversion of all outstanding shares of Preferred Stock, and if at any time the number
of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of all of the then outstanding
shares of Preferred Stock, the Company shall take such corporate action as may be necessary to increase its authorized but unissued
shares of Common Stock to such number of shares as shall be sufficient for such purpose.

 

 

 

 

 

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H.
The Company shall not be required to issue fractional shares of Common Stock upon the conversion of the Preferred Stock. The number
of full shares of Common Stock which shall be issued upon the conversion of the Preferred Stock shall be computed upon the basis
of the aggregate number of shares of Preferred Stock. If any interest in a fractional share of Common Stock would otherwise be
deliverable upon conversion of the Preferred Stock, such fractional share shall be rounded up to the nearest whole share if equal
to or greater than one-half (1/2) of a share. Such fractional share shall be rounded down to the nearest whole share if less than
one-half (1/2) of a share.

 

I. Upon conversion of all of the share of Preferred Stock, such shares shall be considered retired and
shall have the status of authorized but unissued preferred stock of the Company which can be subdivided into various Classes or
Series with Rights, Privileges and Preferences to be hereafter determined and designated by the Board of Directors, by filing
a Certificate of Designation for each separate Class or Series.

 

6.       Capital Changes.

 

A.
If the Company takes any action to increase or decrease the number of outstanding shares of Common Stock (a "Capital Change"),
then the number of shares of Common Stock issuable upon the conversion of the Preferred Stock shall be proportionately increased
or decreased, as the case may be, so that, upon conversion into Common Stock, the percentage interest of any holder of shares
of Preferred Stock shall not be modified from what his, her or its then current percentage interest in the Company would have
been if the Preferred Stock had been converted into Common Stock immediately prior to any such Capital Change, effective in either
case at the close of business on the date that the Capital Change becomes effective. Notwithstanding the foregoing, any transaction
in which securities of the Company are, pursuant to the approval by the Board of Directors, issued for reasonable and fair consideration
which is received by the Company after the date of the filing of this Certificate of Designation, shall be excluded from any adjustment
pursuant to this Paragraph "A" of this Article "6" of this Certificate of Designation. Any Capital Change
shall include, but shall not be limited to, any of the events which are set forth below:

 

i.        
a merger, reorganization or consolidation of the Company with or into another entity or entities, whether or not the Company
is the surviving entity;

 

ii.       
the issuance of any newly authorized shares of the Common Stock of the Company;

 

iii.       a
recapitalization of the outstanding shares of the Common Stock of the Company, which has the effect of changing the percentage
of shares of Common Stock which shall be received by holders of shares of Preferred Stock upon conversion in relation to the total
number of outstanding shares of the Common Stock of the Company;

 

iv.     
stock split; and

 

v.        if
at any time or from time to time it shall appear to the Board of Directors that conditions may arise by reason of any action
proposed to be taken by the Company, which conditions, in the opinion of the Board of Directors, are not adequately
provided for by any of the other provisions hereof and which would affect the conversion rights of the holders of the
Preferred Stock, the conversion ratio then in effect shall be adjusted in such manner as the Board of Directors, in its sole
discretion, may determine to be equitable under the circumstances.

 

 

 

 

 

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B.     
Upon the occurrence of any of the Capital Changes which are described in Paragraph "A" of this Article "6"
of this Certificate of Designation, or any other event which might result in an adjustment to the number of shares of Common Stock
issuable upon the conversion of the Preferred Stock (any of such Capital Changes is hereinafter referred to as an "Adjustment
Event"), then, in any such event, the Company shall immediately take whatever measures are necessary, including, but not
limited to, the issuance of additional shares of Common Stock of the Company or a surviving entity as the case may be, to ensure
that the percentage interest in the Company of the holders of shares of Preferred Stock is not modified from the percentage of
stock which the holders would own, had no Adjustment Event occurred. Any adjustment which is required pursuant to this Paragraph
"B" of this Article "6" of this Certificate of Designation shall be deemed effective retroactive to the date
of the Adjustment Event. These adjustments shall be made successively if more than one Adjustment Event occurs. The provisions
of this Article "6" of this Certificate of Designation shall be applicable to any Adjustment Event which occurs commencing
upon the filing date of this Certificate of Designation.

 

C.      No
adjustment shall be made pursuant to this Article "6" of this Certificate of Designation by reason of the issuance of
any additional shares upon the exercise of options heretofore granted.

 

7.           
Redemption. The Company shall have the right to redeem, in its sole and absolute discretion, at any time after five
(5) years after the Issuance Date, all or any portion of the shares of Preferred Stock at a price of five dollars ($5.00) per
share.

 

8.           
Registration.

 

A.     
If the Company proposes to register any of its Common Stock (other than pursuant to a registration on Form S-8 or any successor
form), it will give prompt written notice to the holder of Preferred Stock of its intention to effect such registration (the "Registration").
Within ten (10) business days after receiving such written notice of Registration, the holders of shares of Preferred Stock representing
a majority of the shares of Preferred Stock then outstanding may make a written request that the Company include in the proposed
Registration all of the Common Stock issuable upon conversion of the Preferred Stock (the "Registerable Securities").

 

B.     
The Company will use its commercially reasonable efforts to include in any Registration all Registrable Securities.

 

C.     
The Company shall not be obligated pursuant to this Article "8" to effect a Registration of the Registrable Securities
if the Company discontinues the related Registration at any time prior to the effective date of any Registration Statement filed
in connection therewith.

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF,
Blockchain Holdings Capital Ventures, Inc. has caused this Certificate of Designation to be duly executed in its corporate name
on this 17th day of September, 2018.

 

	 	Blockchain Holdings Capital Ventures, Inc.
	 	 
	 	By: /s/ Delray Wannemacher                    
	 	Delray Wannemacher, CEONote:
September 14, 2018

 

NEITHER
THESE SECURITIES NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED WITH THE UNITED STATES SECURITIES
AND EXCHANGE COMMISSION IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT. 

 

THIS
NOTE DOES NOT REQUIRE PHYSICAL SURRENDER OF THE NOTE IN THE EVENT OF A PARTIAL REDEMPTION OR CONVERSION. AS A RESULT, FOLLOWING
ANY REDEMPTION OR CONVERSION OF ANY PORTION OF THIS NOTE, THE OUTSTANDING PRINCIPAL SUM REPRESENTED BY THIS NOTE MAY BE LESS THAN
THE PRINCIPAL SUM AND ACCRUED INTEREST SET FORTH BELOW.

 

8%
FIXED CONVERTIBLE PROMISSORY NOTE 

 

OF

 

INDOOR
HARVEST CORP.

 

Issuance
Date: September 14, 2018

Total
Face Value of Note: $550,000

Initial
Consideration: $153,000

Initial
Original Issue Discount: $17,000

Initial
Principal Sum Due: $170,000

 

This
Note is a duly authorized Fixed Convertible Promissory
Note of Indoor Harvest Corp., a corporation duly organized and existing under the laws of the State of Texas (the
“Company”), designated as the Company’s 8% Fixed Convertible Promissory Note in the principal amount
of $550,000 (the “Note”). This Note will become effective only upon execution by both parties and delivery
of the first payment of consideration by the Holder, defined below, (the “Effective Date”).

 

For
Value Received, the Company hereby promises
to pay to the order of Tangiers Global, LLC or its registered assigns or successors-in-interest (the “Holder”)
the principal sum of $550,000 (the “Principal Sum”) and to pay “guaranteed” interest on the
principal balance hereof at an amount equivalent to 8% of the Principal Sum, to the extent such Principal Sum and
“guaranteed” interest and any other interest, fees, liquidated damages and/or items due to Holder herein have not
been repaid or converted into the Company’s Common Stock (the “Common Stock”), in accordance with
the terms hereof. Upon the execution of this Note the sum of $153,000 (the “Initial Consideration”) shall
be remitted and delivered to the Company, and $17,000 (the “Initial Original Issue Discount”) shall be
retained by the Holder through an original issue discount (the “OID”) for due diligence and legal bills
related to this transaction. The OID is set at 10% of any Consideration, defined below, paid. The Company covenants that
within ______  months of the Effective Date of the Note, it shall utilize approximately $153,000 of the proceeds in
the manner set forth on Schedule 1, attached hereto (the “Use of Proceeds”), and shall promptly provide
evidence thereof to Holder, in sufficient detail as reasonably requested by Holder.

 

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The
Holder may pay additional consideration (each, a “Consideration”) to the Company in such amounts and at such
dates (each, an “Additional Consideration Date”) as Holder may choose in its sole discretion. The Principal
Sum due to Holder shall be prorated based on the Consideration actually paid by Holder (plus the “guaranteed” interest
and 10% OID, both which are prorated based on the Consideration actually paid by the Holder, as well as any other interest or
fees) such that the Company is only required to repay the amount funded and the Company is not required to repay any unfunded
portion of this Note. The Maturity Date is six months from the Effective Date of each payment (the “Maturity Date”)
and is the date upon which the Principal Amount of this Note, as well as any unpaid interest and other fees, shall be due and
payable.

 

In
addition to the “guaranteed” interest referenced above, and in the Event of Default pursuant to Section 2.00(a), additional
interest will accrue from the date of the Event of Default at the rate equal to the lower of 18% per annum or the highest rate
permitted by law (the “Default Rate”).

 

This
Note will become effective only upon the execution by both parties, including the execution of Exhibits B, C, D, E, Schedule 1,
and the Irrevocable Transfer Agent Instructions (the “Date of Execution”) and delivery of the initial payment
of consideration by the Holder (the “Effective Date”).

 

This
Note may be prepaid by the Company, in whole or in part, according to the following schedule:

 

	Days
    Since Effective Date	 	Prepayment
    Amount
	Under
    90	 	115%
    of Principal Amount
	91-135	 	120%
    of Principal Amount
	136-180	 	125%
    of Principal Amount

 

After
180 days from the Effective Date this Note may not be prepaid without written consent from Holder, which consent may be withheld,
delayed or denied in Holder’s sole and absolute discretion. Whenever any amount expressed to be due by the terms of this
Note is due on any day which is not a Business Day (as defined below), the same shall instead be due on the next succeeding day
which is a Business Day. If the Note is in default, per Section 2.00(a) below, the Company may not prepay the Note without written
consent of the Holder.

 

For
purposes hereof the following terms shall have the meanings ascribed to them below:

 

“Business
Day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the City of New York
are authorized or required by law or executive order to remain closed.

 

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“Conversion
Price” shall be equal to $.08.

 

“Principal
Amount” shall refer to the sum of (i) the original principal sum of this Note (including the original issue discount,
prorated if the Note has not been funded in full), (ii) any additional payments made by the Holder towards the Principal Sum (iii)
all guaranteed and other accrued but unpaid interest hereunder, (iv) any fees due hereunder, (v) liquidated damages, and (vi)
any default payments owing under the Note, in each case previously paid or added to the Principal Amount.

 

“Principal
Market” shall refer to the primary exchange on which the Company’s common stock is traded or quoted.

 

“Trading
Day” shall mean a day on which there is trading or quoting for any security on the Principal Market.

 

“Underlying
Shares” means the shares of common stock into which the Note is convertible (including interest, fees, liquidated
damages and/or principal payments in common stock as set forth herein) in accordance with the terms hereof.

 

The
following terms and conditions shall apply to this Note:

 

Section
1.00 Conversion.

 

(a)
Conversion Right. Subject to the terms hereof and restrictions and limitations contained herein, the Holder shall have
the right, at the Holder’s sole option, at any time and from time to time to convert in whole or in part the outstanding
and unpaid Principal Amount under this Note into shares of Common Stock as per the Conversion Price, but not to exceed the Restricted
Ownership Percentage, as defined in Section 1.00(f). The date of any conversion notice (“Conversion Notice”)
hereunder shall be referred to herein as the “Conversion Date”. The Conversion Price shall be equitably adjusted
in the event of a forward split, stock dividend, or the like, but shall not be adjusted in the event of a reverse split, recombination,
or the like.

 

(b)
Stock Certificates or DWAC. The Company will deliver to the Holder, or Holder’s authorized designee, no later than
2 Trading Days after the Conversion Date, a certificate or certificates (which certificate(s) shall be free of restrictive legends
and trading restrictions if the shares of Common Stock underlying the portion of the Note being converted are eligible under a
resale exemption pursuant to Rule 144(b)(1)(ii) and Rule 144(d)(1)(ii) of the Securities Act of 1933, as amended) representing
the number of shares of Common Stock being acquired upon the conversion of this Note. In lieu of delivering physical certificates
representing the shares of Common Stock issuable upon conversion of this Note, provided the Company’s transfer agent is
participating in DTC’s FAST program, the Company shall instead use commercially reasonable efforts to cause its transfer
agent to electronically transmit such shares issuable upon conversion to the Holder (or its designee), by crediting the account
of the Holder’s (or such designee’s) broker with DTC through its DWAC program (provided that the same time periods
herein as for stock certificates shall apply).

 

(c)
Charges and Expenses. Issuance of Common Stock to Holder, or any of its assignees, upon the conversion of this Note shall
be made without charge to the Holder for any issuance fee, transfer tax, legal opinion and related charges, postage/mailing charge
or any other expense with respect to the issuance of such Common Stock. Company shall pay all Transfer Agent fees incurred from
the issuance of the Common Stock to Holder, as well as any and all other fees and charges required by the Transfer Agent as a
condition to effectuate such issuance. Any such fees or charges, as noted in this Section that are paid by the Holder (whether
from the Company’s delays, outright refusal to pay, or otherwise), will be automatically added to the Principal Sum of the
Note and tack back to the Effective Date for purposes of Rule 144.

 

    	 	3	 

    	 

    

 

(d)
Delivery Timeline. If the Company fails to deliver to the Holder such certificate or certificates (or shares through the
DWAC program) pursuant to this Section (free of any restrictions on transfer or legends, if eligible) prior to 3 Trading Days
after the Conversion Date, the Company shall pay to the Holder as liquidated damages an amount equal to $2,000 per day, until
such certificate or certificates are delivered. The Company acknowledges that it would be extremely difficult or impracticable
to determine the Holder’s actual damages and costs resulting from a failure to deliver the Common Stock and the inclusion
herein of any such additional amounts are the agreed upon liquidated damages representing a reasonable estimate of those damages
and costs. Such liquidated damages will be automatically added to the Principal Sum of the Note and tack back to the Effective
Date for purposes of Rule 144.

 

(e)
Reservation of Underlying Securities. The Company covenants that it will at all times reserve and keep available for Holder,
out of its authorized and unissued Common Stock solely for the purpose of issuance upon conversion of this Note, free from preemptive
rights or any other actual contingent purchase rights of persons other than the Holder, five times the number of shares
of Common Stock as shall be issuable (taking into account the adjustments under this Section 1.00, but without regard to any ownership
limitations contained herein) upon the conversion of this Note (consisting of the Principal Amount) under the formula in Section
2.00(c) below to Common Stock (the “Required Reserve”). The Company covenants that all shares of Common Stock
that shall be issuable will, upon issue, be duly authorized, validly issued, fully-paid, non-assessable and freely-tradable (if
eligible). If the amount of shares on reserve in Holder’s name at the Company’s transfer agent for this Note shall
drop below the Required Reserve, the Company will, within 2 Trading Days of notification from Holder, instruct the transfer agent
to increase the number of shares so that the Required Reserve is met. In the event that the Company does not instruct the transfer
agent to increase the number of shares so that the Required Reserve is met, the Holder will be allowed, if applicable, to provide
this instruction as per the terms of the Irrevocable Transfer Agent Instructions attached to this Note. The Company agrees that
the maintenance of the Required Reserve is a material term of this Note and any breach of this Section 1.00(e) will result in
a default of the Note.

 

(f)
Conversion Limitation. The Holder will not submit a conversion to the Company that would result in the Holder beneficially
owning more than 9.99% of the then total outstanding shares of the Company (“Restricted Ownership Percentage”).

 

(g)
Conversion Delays. If the Company fails to deliver shares in accordance with the timeframe stated in Section 1.00(b), the
Holder, at any time prior to selling all of those shares, may rescind any portion, in whole or in part, of that particular conversion
attributable to the unsold shares. The rescinded conversion amount will be returned to the Principal Sum with the rescinded conversion
shares returned to the Company, under the expectation that any returned conversion amounts will tack back to the Effective Date.

 

(h)
Shorting and Hedging. Holder may not engage in any “shorting” or “hedging” transaction(s) in the
Common Stock prior to conversion.

 

    	 	4	 

    	 

    

 

(i)
Conversion Right Unconditional. If the Holder shall provide a Conversion Notice as provided herein, the Company’s
obligations to deliver Common Stock shall be absolute and unconditional, irrespective of any claim of setoff, counterclaim, recoupment,
or alleged breach by the Holder of any obligation to the Company.

 

Section
2.00 Defaults and Remedies.

 

(a)
Events of Default. An “Event of Default” is: (i) a default in payment of any amount due hereunder which
default continues for more than 5 Trading Days after the due date; (ii) a default in the timely issuance of underlying shares
upon and in accordance with terms of Section 1.00, which default continues for 2 Trading Days after the Company has failed to
issue shares or deliver stock certificates within the 3rd Trading Day following the Conversion Date; (iii) if the Company does
not issue the press release or file the Current Report on Form 8-K, in each case in accordance with the provisions and the deadlines
referenced Section 4.00(j); (iv) failure by the Company for 3 days after notice has been received by the Company to comply with
any material provision of this Note; (v) failure of the Company to remain compliant with DTC, thus incurring a “chilled”
status with DTC; (vi) any default of any mortgage, indenture or instrument which may be issued, or by which there may be secured
or evidenced any indebtedness, for money borrowed by the Company or for money borrowed the repayment of which is guaranteed by
the Company, whether such indebtedness or guarantee now exists or shall be created hereafter; (vii) if the Company is subject
to any Bankruptcy Event; (viii) any failure of the Company to satisfy its “filing” obligations under the Securities
Exchange Act of 1934, as amended (the “1934 Act”) and the rules and guidelines issued by OTC Markets News Service,
OTCMarkets.com and their affiliates; (ix) failure of the Company to remain in good standing with its state of domicile; (x) any
failure of the Company to provide the Holder with information related to its corporate structure including, but not limited to,
the number of authorized and outstanding shares, public float, etc. within 1 Trading Day of request by Holder; (xi) failure by
the Company to maintain the Required Reserve in accordance with the terms of Section 1.00(e); (xii) failure of Company’s
Common Stock to maintain a closing bid price in its Principal Market for more than 3 consecutive Trading Days; (xiii) any delisting
from a Principal Market for any reason; (xiv) failure by Company to pay any of its Transfer Agent fees in excess of $2,000 or
to maintain a Transfer Agent of record; (xv) failure by Company to notify Holder of a change in Transfer Agent within 24 hours
of such change; (xvi) any trading suspension imposed by the United States Securities and Exchange Commission (the “SEC”)
under Sections 12(j) or 12(k) of the 1934 Act; (xvii) failure by the Company to meet all requirements necessary to satisfy the
availability of Rule 144 to the Holder or its assigns, including but not limited to the timely fulfillment of its filing requirements
as a fully-reporting issuer registered with the SEC, requirements for XBRL filings, and requirements for disclosure of financial
statements on its website; (xviii) failure of the Company to abide by the Use of Proceeds or failure of the Company to inform
the Holder of a change in the Use of Proceeds; (xix) failure of the Company to abide by the terms of the right of first refusal
contained in Section 4.00(l).

 

(b)
Remedies. If an Event of Default occurs, the outstanding Principal Amount of this Note owing in respect thereof through
the date of acceleration, shall become, at the Holder’s election, immediately due and payable in cash at the “Mandatory
Default Amount”. The Mandatory Default Amount means 50% of the outstanding Principal Amount of this Note, will be automatically
added to the Principal Sum of the Note and tack back to the Effective Date for purposes of Rule 144. Commencing 5 days after the
occurrence of any Event of Default that results in the eventual acceleration of this Note, this Note shall accrue additional interest,
in addition to the Note’s “guaranteed” interest, at a rate equal to the lesser of 18% per annum or the maximum
rate permitted under applicable law. In connection with such acceleration described herein, the Holder need not provide, and the
Issuer hereby waives, any presentment, demand, protest or other notice of any kind, and the Holder may immediately and without
expiration of any grace period enforce any and all of its rights and remedies hereunder and all other remedies available to it
under applicable law. Such acceleration may be rescinded and annulled by the Holder at any time prior to payment hereunder and
the Holder shall have all rights as a holder of the note until such time, if any, as the Holder receives full payment pursuant
to this Section 2.00(b). No such rescission or annulment shall affect any subsequent event of default or impair any right consequent
thereon. Nothing herein shall limit the Holder’s right to pursue any other remedies available to it at law or in equity
including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Issuer’s failure
to timely deliver certificates representing shares of Common Stock upon conversion of the Note as required pursuant to the terms
hereof.

 

    	 	5	 

    	 

    

 

(c)
Conversion Right. At any time and from time to time, at least 180 days from the Effective Date, after an Event of Default
described in Section 2.00(a) has occurred, and subject to the terms hereof and restrictions and limitations contained herein,
the Holder shall have the right, at the Holder’s sole option, to convert in whole or in part the outstanding and unpaid
Principal Amount under this Note into shares of Common Stock at the Maturity Default Conversion Price. The “Maturity
Default Conversion Price” shall be equal to the lower of: (a) the Conversion Price or (b) 65% of the lowest trading
price of the Company’s common stock during the 15 consecutive Trading Days prior to the date on which Holder elects to convert
all or part of the Note. For the purpose of calculating the Maturity Default Conversion Price only, any time after 4:00 pm Eastern
Time (the closing time of the Principal Market) shall be considered to be the beginning of the next Business Day. If the Company
is placed on “chilled” status with the DTC, the discount shall be increased by 10%, i.e., from 35% to
45%, until such chill is remedied. If the Company is not DWAC eligible through their Transfer Agent and DTC’s FAST system,
the discount will be increased by 5%, i.e., from 35% to 40%. In the case of both, the discount shall be a cumulative
increase of 15%, i.e., from 35% to 50%.

 

Section
3.00 Representations and Warranties of Holder.

 

Holder
hereby represents and warrants to the Company that:

 

(a)
Holder is an “accredited investor,” as such term is defined in Regulation D of the Securities Act of 1933, as amended
(the “1933 Act”), and will acquire this Note and the Underlying Shares (collectively, the “Securities”)
for its own account and not with a view to a sale or distribution thereof as that term is used in Section 2(a)(11) of the 1933
Act, in a manner which would require registration under the 1933 Act or any state securities laws. Holder has such knowledge and
experience in financial and business matters that such Holder is capable of evaluating the merits and risks of the Securities.
Holder can bear the economic risk of the Securities, has knowledge and experience in financial business matters and is capable
of bearing and managing the risk of investment in the Securities. Holder recognizes that the Securities have not been registered
under the 1933 Act, nor under the securities laws of any state and, therefore, cannot be resold unless the resale of the Securities
is registered under the 1933 Act or unless an exemption from registration is available. Holder has carefully considered and has,
to the extent Holder believes such discussion necessary, discussed with its professional, legal, tax and financial advisors, the
suitability of an investment in the Securities for its particular tax and financial situation and its advisers, if such advisors
were deemed necessary, and has determined that the Securities are a suitable investment for it. Holder has not been offered the
Securities by any form of general solicitation or advertising, including, but not limited to, advertisements, articles, notices
or other communications published in any newspaper, magazine, or other similar media or television or radio broadcast or any seminar
or meeting where, to Holders’ knowledge, those individuals that have attended have been invited by any such or similar means
of general solicitation or advertising. Holder has had an opportunity to ask questions of and receive satisfactory answers from
the Company, or any person or persons acting on behalf of the Company, concerning the terms and conditions of the Securities and
the Company, and all such questions have been answered to the full satisfaction of Holder. The Company has not supplied Holder
any information regarding the Securities or an investment in the Securities other than as contained in this Agreement, and Holder
is relying on its own investigation and evaluation of the Company and the Securities and not on any other information.

 

    	 	6	 

    	 

    

 

(b)
The Holder is a limited liability company duly organized, validly existing and in good standing under the laws of the state of
its incorporation and has all requisite corporate power and authority to carry on its business as now conducted. The Holder is
duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have
a material adverse effect on its business or properties.

 

(c)
All corporate action has been taken on the part of the Holder, its officers, directors and stockholders necessary for the authorization,
execution and delivery of this Note. The Holder has taken all corporate action required to make all of the obligations of the
Holder reflected in the provisions of this Note, valid and enforceable obligations.

 

(d)
Each certificate or instrument representing Securities will be endorsed with the following legend (or a substantially similar
legend), unless or until registered under the 1933 Act or exempt from registration:

 

THE
SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE
SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES,
THE TRANSFER IS MADE IN COMPLIANCE WITH RULE 144 PROMULGATED UNDER SUCH ACT OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR
THE HOLDER OF THESE SECURITIES WHICH IS REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR
HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT.

 

Section
4.00 General.

 

(a)
Payment of Expenses. The Company agrees to pay all reasonable charges and expenses, including attorneys’ fees and
expenses, which may be incurred by the Holder in successfully enforcing this Note and/or collecting any amount due under this
Note.

 

(b)
Assignment, Etc. The Holder may assign or transfer this Note to any transferee at its sole discretion. This Note shall
be binding upon the Company and its successors and shall inure to the benefit of the Holder and its successors and permitted assigns.

 

    	 	7	 

    	 

    

 

(c)
Amendments. This Note may not be modified or amended, or any of the provisions of this Note waived, except by written agreement
of the Company and the Holder.

 

(d)
Funding Window. The Company agrees that it will not enter into a convertible debt financing transaction with any party
other than the Holder for a period of 30 Trading Days following the Effective Date and each Additional Consideration Date, as
relevant. The Company agrees that this is a material term of this Note and any breach of this Section 4.00(d) will result in a
default of the Note.

 

(e)
Piggyback Registration Rights. The Company shall include on the next registration statement that the Company files with
the SEC (or on the subsequent registration statement if such registration statement is withdrawn) all shares issuable upon conversion
of this Note. Failure to do so will result in liquidated damages of 30% of the outstanding Principal Sum of this Note, but not
less than $20,000, being immediately due and payable to the Holder at its election in the form of a cash payment or an addition
to the Principal Sum of this Note.

 

(f)
Terms of Future Financings. So long as this Note is outstanding, upon any issuance by the Company or any of its subsidiaries
of any convertible debt security (whether such debt begins with a convertible feature or such feature is added at a later date)
with any term more favorable to the holder of such security or with a term in favor of the holder of such security that was not
similarly provided to the Holder in this Note, then the Company shall notify the Holder of such additional or more favorable term
and such term, at the Holder’s option, shall become a part of this Note and its supporting documentation. The types of terms
contained in the other security that may be more favorable to the holder of such security include, but are not limited to, terms
addressing conversion discounts, conversion look back periods, interest rates, original issue discount percentages and warrant
coverage.

 

(g)
Governing Law; Jurisdiction.

 

(i)
Governing Law. This Note will be governed by, and construed and interpreted in accordance with, the laws of the Commonwealth
of Puerto Rico without regard to any conflicts of laws or provisions thereof that would otherwise require the application of the
law of any other jurisdiction.

 

(ii)
Jurisdiction and Venue. Any dispute, claim, suit, action or other legal proceeding arising out of or relating to this Note
or the rights and obligations of each of the parties shall be brought only in the San Juan, Puerto Rico or in the federal courts
of the United States of America located in San Juan, Puerto Rico.

 

(iii)
No Jury Trial. The Company hereto knowingly and voluntarily waives any and all rights it may have to a trial by jury with
respect to any litigation based on, or arising out of, under, or in connection with, this Note.

 

(iv)
Delivery of Process by the Holder to the Company. In the event of an action or proceeding by the Holder against the Company,
and only by the Holder against the Company, service of copies of summons and/or complaint and/or any other process that may be
served in any such action or proceeding may be made by the Holder via U.S. Mail, overnight delivery service such as FedEx or UPS,
email, fax, or process server, or by mailing or otherwise delivering a copy of such process to the Company at its last known attorney
as set forth in its most recent SEC filing.

 

    	 	8	 

    	 

    

 

(v)
Notices. Any notice required or permitted hereunder (including Conversion Notices) must be in writing and either personally
served, sent by facsimile or email transmission, or sent by overnight courier. Notices will be deemed effectively delivered at
the time of transmission if by facsimile or email, and if by overnight courier the business day after such notice is deposited
with the courier service for delivery.

 

(h)
No Bad Actor. No officer or director of the Company would be disqualified under Rule 506(d) of the Securities Act of 1933,
as amended, on the basis of being a “bad actor” as that term is established in the September 13, 2013 Small Entity
Compliance Guide published by the SEC.

 

(i)
Usury. If it shall be found that any interest or other amount deemed interest due hereunder violates any applicable law
governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest
permitted under applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim
or take advantage of any law that would prohibit or forgive the Company from paying all or a portion of the principal, fees, liquidated
damages or interest on this Note.

 

(j)
Securities Laws Disclosure; Publicity. The Company shall (a) by 9:30 a.m. Eastern Time on the Trading Day immediately following
the Date of Execution, issue a press release disclosing the material terms of the transactions contemplated hereby, and (b) file
a Current Report on Form 8-K, including a copy of this Note as an exhibit thereto, with the SEC within the time required by the
1934 Act. From and after the filing of such press release, the Company represents to the Holder that it shall have publicly disclosed
all material, non-public information delivered to the Holder by the Company, or any of its officers, directors, employees, or
agents in connection with the transactions contemplated by this Note. The Company and the Holder shall consult with each other
in issuing any other press releases with respect to the transactions contemplated hereby, and neither the Company nor the Holder
shall issue any such press release nor otherwise make any such public statement without the prior consent of the Company, with
respect to any press release of the Holder, or without the prior consent of the Holder, with respect to any press release of the
Company, none of which consents shall be unreasonably withheld, delayed, denied, or conditioned except if such disclosure is required
by law, in which case the disclosing party shall promptly provide the other party with prior notice of such public statement or
communication. Notwithstanding the foregoing, the Company shall not publicly disclose the name of the Holder, or include the name
of the Holder in any filing with the SEC or any regulatory agency or Principal Market, without the prior written consent of the
Holder, except to the extent such disclosure is required by law or Principal Market regulations, in which case the Company shall
provide the Holder with prior notice of such disclosure permitted hereunder.

 

The
Company agrees that this is a material term of this Note and any breach of this Section 4.00(j) will result in a default of the
Note.

 

    	 	9	 

    	 

    

 

(k)
Attempted Below-par Issuance. In the event that the Holder delivers a Conversion Notice to the Company and, if as of such
date, (i) the Conversion Price would be less than par value of the Company’s Common Stock and (ii) within three business
days of the delivery of the Conversion Notice, the Company shall not have reduced its par value such that all of the requested
conversion transaction may then be accomplished, then the Company and the Holder shall utilize the following conversion protocol
for Par Value Adjustment. The Holder shall transmit to the Company: (X) a “preliminary” Conversion Notice for the
full number of shares of Common Stock that would be issued at the Conversion Price without regard to any below-par value conversion
issues; followed by (Y) a “par value” Conversion Notice for the number of shares of Common Stock with the Conversion
Price increased from the “preliminary” Conversion Price to a Conversion Price at par value; and, finally, (Z) a “liquidated
damages” Conversion Notice for that number of shares of Common Stock that represents the difference between the “preliminary”
Conversion Notice full number of shares and the “par value” Conversion Notice limited number of shares. The Conversion
Price of such “liquidated damages Common Shares” would be the par value of the Common Stock. Accordingly, through
this protocol, the Company would issue, in two transactions, an amount of shares of its Common Stock equivalent to the full number
of shares of Common Stock that would have been issued in accordance with the “preliminary” Conversion Notice without
regard to any below-par value conversion issues. In the event that the Holder is precluded from exercising any or all of its conversion
rights hereunder as a result of a proposed “below par” conversion, the Company agrees that, in lieu of actual damages
for such failure, liquidated damages may be assessed and recovered by the Holder without being required to present any evidence
of the amount or character of actual damages sustained by reason thereof. The amount of such liquidated damages shall be an amount
equivalent to the trading price utilized in the “preliminary” Conversion Notice multiplied by the number of shares
calculated on the “liquidated damages” Conversion Notice. Such amount shall be assessed and become immediately due
and payable to the Holder (at its election) in the form of a (i) cash payment, (ii) an addition to the Principal Sum of this Note,
or (iii) the immediate issuance of that number of shares of Common Stock as calculated on the “liquidated damages”
Conversion Notice. Such liquidated damages are intended to represent estimated actual damages and are not intended to be a penalty,
but, by virtue of their genesis and subject to the election of the Holder (as set forth in the immediately preceding sentence),
will be automatically added to the Principal Sum of the Note and tack back to the Effective Date for purposes of Rule 144, as
the Company’s failure to maintain the par value of its Common Stock at an amount that would not result in a “below
par” conversion failure is equivalent to a default as of the Issuance Date of the Note.

 

(l)
Right of First Refusal. From and after the date of this Note and at all times hereafter while the Note is outstanding,
the Parties agree that, in the event that the Company receives any written or oral proposal (the “Proposal”)
containing one or more offers to provide additional capital or equity or debt financing (the “Financing Amount”),
the Company agrees that it shall provide a copy of all documents received relating to the Proposal together with a complete and
accurate description of the Proposal to the Holder and all amendments, revisions, and supplements thereto (the “Proposal
Documents”) no later than 3 business days from the receipt of the Proposal Documents. Following receipt of the Proposal
Documents from the Company, the Holder shall have the right (the “Right of First Refusal”), but not the obligation,
for a period of 5 business days thereafter (the “Exercise Period”), to invest, at similar or better terms to
the Company, an amount equal to or greater than the Financing Amount, upon written notice to the Company that the Holder is exercising
the Right of First Refusal provided hereby. In furtherance of the Right of First Refusal, the Company agrees that it will cooperate
and assist the Holder in conducting a due diligence investigation of the Company and its corporate and financial affairs and promptly
provide the Holder with information and documents that the Holder may reasonably request so as to allow the Holder to make an
informed investment decision. However, the Company and the Holder agree that the Holder shall have no more than 5 business days
from and after the expiration of the Exercise Period to exercise its Right of First Refusal hereunder. This Right of First Refusal
shall extend to all purchases of debt held by, or assigned to or from, current stockholders, vendors, or creditors, all transactions
under Sections 3(a)9 and/or 3(a)10 or the Securities Act of 1933, as amended, and all equity line-of-credit transactions.

 

    	 	10	 

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Fixed Convertible Promissory Note to be duly executed on the day and in the year
first above written.

 

	 	INDOOR
    HARVEST CORP.
	 	 	 
	 	By:	
	 	Name:	
	 	Title:
    	
	 	Email:	                       
	 	Address:
               

 

This
Fixed Convertible Promissory Note of September 14, 2018 is accepted this ____ day of __, 2018 by

 

	TANGIERS
    GLOBAL, LLC	 
	 	 	 
	By:	 	 
	Name:	Justin
    Ederle	 
	Title:	Managing
    Member	 

 

    	 	11	 

    	 

    

 

EXHIBIT
A

 

FORM
OF CONVERSION NOTICE

 

(To
be executed by the Holder in order to convert all or part of that certain $550,000 Fixed Convertible Promissory Note identified
as the Note)

 

	DATE:	____________________________
	FROM:	Tangiers
    Global, LLC (the “Holder”)

 

	 	Re:	$550,000
    Fixed Convertible Promissory Note (this “Note”) originally issued by Indoor Harvest Corp., a Texas corporation,
    to Tangiers Global, LLC on September 14, 2018.

 

The
undersigned on behalf of Tangiers Global, LLC, hereby elects to convert $_______________________ of the aggregate
outstanding Principal Amount (as defined in the Note) indicated below of this Note into shares of Common Stock, $0.001 par value
per share, of Indoor Harvest Corp. (the “Company”), according to the conditions hereof, as of the date written
below. If shares are to be issued in the name of a person other than undersigned, the undersigned will pay all transfer taxes
payable with respect thereto and is delivering herewith such certificates and opinions as reasonably requested by the Company
in accordance therewith. No fee will be charged to the Holder for any conversion, except for such transfer taxes, if any. The
undersigned represents as of the date hereof that, after giving effect to the conversion of this Note pursuant to this Conversion
Notice, the undersigned will not exceed the “Restricted Ownership Percentage” contained in this Note.

 

	Conversion
    information:	 
	 	Date
    to Effect Conversion
	 	 
	 	 
	 	Aggregate
    Principal Sum of Note Being Converted
	 	 
	 	 
	 	Aggregate
    Interest/Fees Being Converted
	 	 
	 	 
	 	Remaining
    Principal Balance
	 	 
	 	 
	 	Number
    of Shares of Common Stock to be Issued
	 	 
	 	 
	 	Applicable
    Conversion Price
	 	 
	 	 
	 	Signature
    
	 	 
	 	 
	 	Name
	 	 
	 	 
	 	Address

 

    	 	12	 

    	 

    

 

EXHIBIT
B

 

WRITTEN
CONSENT OF THE BOARD OF DIRECTORS OF

 

INDOOR
HARVEST CORP.

 

The
undersigned, being directors of Indoor Harvest Corp., a Texas corporation (the “Company”), acting pursuant
to the Bylaws of the Corporation, do hereby consent to, approve and adopt the following preamble and resolutions:

 

Convertible
Note with Tangiers Global, LLC

 

The
board of directors of the Company has reviewed and authorized the following documents relating to the issuance of a Fixed Convertible
Promissory Note in the amount of $550,000 with Tangiers Global, LLC.

 

The
documents agreed to and dated September 14, 2018 are as follows:

 

8%
Fixed Convertible Promissory Note of Indoor Harvest Corp.

Irrevocable
Transfer Agent Instructions

Notarized
Certificate of Chief Executive Officer

Disbursement
Instructions

Company
Capitalization Table

Schedule
1 – Use of Proceeds

 

The
board of directors further agree to authorize and approve the issuance of shares to the Holder at Conversion prices that are below
the Company’s then current par value.

 

IN
WITNESS WHEREOF, the undersign member(s) of the board of the Company executed this unanimous written consent as of September 14,
2018.

	 	 	 
	 	 	 
	By:
    	 	 
	Its:
    	 	 

 

    	 	13	 

    	 

    

 

EXHIBIT
C

 

NOTARIZED
CERTIFICATE OF CHIEF EXECUTIVE OFFICER OF

 

INDOOR
HARVEST CORP.

 

(Two
Pages)

 

The
undersigned, _______________________ is the duly elected Chief Executive Officer of Indoor Harvest Corp., a Texas corporation
(the “Company”).

 

I
hereby warrant and represent that I have undertaken a complete and thorough review of the Company’s corporate and financial
books and records, including, but not limited to, the Company’s records relating to the following:

 

	 	(A)	The
    issuance of that certain Fixed Convertible Promissory Note dated September 14, 2018 (the “Note Issuance Date”)
    issued to Tangiers Global, LLC (the “Holder”) in the stated original principal amount of $550,000
    (the “Note”);
	 	 	 
	 	(B)	The
    Company’s Board of Directors duly approved the issuance of the Note to the Holder;
	 	 	 
	 	(C)	The
    Company has not received and does not contemplate receiving any new consideration from any persons in connection with any
    later conversion of the Note and the issuance of the Company’s Common Stock upon any said conversion;
	 	 	 
	 	(D)	To
    my best knowledge and after completing the aforementioned review of the Company’s stockholder and corporate records,
    I am able to certify that the Holder (and the persons affiliated with the Holder) are not officers, directors, or directly
    or indirectly, ten percent (10.00%) or more stockholders of the Company and none of said persons has had any such status in
    the one hundred (100) days immediately preceding the date of this Certificate;
	 	 	 
	 	(E)	The
    Company’s Board of Directors have approved duly adopted resolutions approving the Irrevocable Instructions to the Company’s
    Stock Transfer Agent dated September 14, 2018;
	 	 	 
	 	(F)	Mark
    the appropriate selection:
	 	 	 
	 	 	___
    The Company represents that it is not a “shell company,” as that term is defined in Section 12b-2 of the Securities
    Exchange Act of 1934, as amended, and has never been a shell company, as so defined; or
	 	 	 
	 	 	___
    The Company represents that (i) it was a “shell company,” as that term is defined in Section 12b-2 of the Securities
    Exchange Act of 1934, as amended, (ii) since ______, 201__, it has no longer been a shell company, as so defined, and (iii)
    on _______, 201__, it provided Form 10-type information in a filing with the Securities and Exchange Commission.

 

	 	(G)	I
    understand the constraints imposed under Rule 144 on those persons who are or may be deemed to be “affiliates,”
    as that term is defined in Rule 144(a)(1) of the Securities Act of 1933, as amended.
	 	 	 
	 	(H)	I
    understand that all of the representations set forth in this Certificate will be relied upon by counsel to Tangiers Global,
    LLC in connection with the preparation of a legal opinion.

 

    	 	14	 

    	 

    

 

I
hereby affix my signature to this Notarized Certificate and hereby confirm the accuracy of the statements made herein.

 

	Signed:		 	Date:	
					 
	Name:		 	Title:	

 

 

SUBSCRIBED
AND SWORN TO BEFORE ME ON THIS ________ DAY OF ____________________ 2018.

 

Commission
Expires:______________

____________________________________

Notary
Public

 

    	 	15	 

    	 

    

 

EXHIBIT
D

 

	TO:	Tangiers
    Global, LLC
	FROM:	Indoor
    Harvest Corp.
	DATE:	September
    14, 2018
	RE:	Disbursement
    of Funds

 

Pursuant
to that certain Fixed Convertible Promissory Note between the parties listed above and dated September 14, 2018, a disbursement
of funds will take place in the amount and manner described below:

 

	Please
    disburse to:	 
	Amount
    to disburse:	$153,000
	Form
    of distribution	Wire
	Name	Indoor
    Harvest Corp.
	Company
    Address	

         

         

	Wire
    Instructions:	Bank:

        ABA
        Routing Number:

        Account
        Number:

        SWIFT
        Code:

        Account
        Name:

        Phone:

 

TOTAL:
$153,000

 

	For:
    Indoor Harvest Corp.	 	 
	 	 	 	 
	By:
    	          	 	Dated:
    September 14, 2018
	Name:	 	 	 
	Its:	 	 	 

 

    	 	16	 

    	 

    

 

EXHIBIT
E

 

COMPANY
CAPITALIZATION TABLE AS OF SEPTEMBER 14, 2018

 

COMMON
STOCK AND COMMON STOCK EQUIVALENTS

ISSUED,
OUTSTANDING AND RESERVED

 

	DESCRIPTION	 	AMOUNT
	Authorized
    Common Stock	 	 
	Authorized
    Capital Stock	 	 
	Authorized
    Common Stock	 	 
	Issued
    Common Stock	 	 
	Outstanding
    Common Stock	 	 
	Treasury
    Stock	 	 
	*Authorized,
    but unissued	 	 
	 	 	 
	Authorized
    Preferred Stock	 	 
	Issued
    Preferred Stock	 	 
	 	 	 
	Reserved
    for Equity Incentive Plans	 	 
	Reserved
    for Convertible Debt	 	 
	Reserved
    for Options and Warrants	 	 
	Reserved
    for Other Purposes	 	 
	 	 	 
	TOTAL
                                         COMMON STOCK AND COMMON STOCK EQUIVALENTS OUTSTANDING
	 	 

        

 

*
This number includes all shares reserved for Convertible Debt

 

Note:
If not applicable, enter “n/a” or “zero” in Column 2.

 

    	 	17	 

    	 

    

 

CURRENT
DEBT AND LIABILITIES TABLE

 

CONVERTIBLE
PROMISSORY NOTE BALANCES AND PROMISSORY NOTE BALANCES

 

	DESCRIPTION	 	ISSUANCE
    DATE	 	AMOUNT
	Convertible
    Promissory Note	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Promissory
    Note	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Other
    Debt and Liabilities	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

Note:
If not applicable, enter “n/a” or “zero” in Column 2.

 

To
my best knowledge and after completing the aforementioned review of the Company’s stockholder and corporate records, I am
able to certify the accuracy of the statements made herein.

 

	INDOOR
    HARVEST CORP.	 	 
	 	 	 	 
	By:	         	 	Dated:
    September 14, 2018
	Name:	 	 	 
	Title:
    	 	 	 

 

    	 	18	 

    	 

    

 

SCHEDULE
1

 

USE
OF PROCEEDS

 

Pursuant
to that certain Fixed Convertible Promissory Note between the parties listed above and dated September 14, 2018, the Company covenants
that it will within, _____ month(s) of the Effective Date of the Note, it shall use approximately $153,000 of the proceeds in
the manner set forth below (the “Use of Proceeds”):

 

 

 

 

 

 

 

 

 

 

 

	INDOOR
    HARVEST CORP.	 	 
	 	 	 	 
	By:	 	 	Dated:
    September 14, 2018
	Name:	               	 	 
	Title:
    	 	 	 

 

    	 	19

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00287-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00287-of-00352.parquet"}]]