Document:

EXHIBIT 4.17

 

CABINET GROW,
INC.

SECRETARY’S
CERTIFICATE

 

I, Matt Lee, hereby
certify that I am the duly elected, qualified and acting Secretary of Cabinet Grow, Inc., a Nevada corporation (the “Company”),
and I am authorized to execute this Secretary’s Certificate (this “Certificate”) on behalf of the Company.
This Certificate is delivered in connection with that certain Securities Purchase Agreement dated June __, 2014 (the “Purchase
Agreement”), by and between the Company and Chicago Venture Partners, L.P., a Utah limited partnership.

Solely in my capacity
as Secretary, I certify that Schedule 1 attached hereto is a true, accurate and complete copy of all of the resolutions
adopted by the Board of Directors of the Company (the “Resolutions”) approving and authorizing the execution,
delivery and performance of the Purchase Agreement and related documents to which the Company is a party on the date hereof, and
the transactions contemplated thereby. Such Resolutions have not been amended, rescinded or modified since their adoption and remain
in effect as of the date hereof.

IN WITNESS WHEREOF,
I have made this Secretary’s Certificate effective as of June 6, 2014.

Cabinet Grow, Inc.

 

 

/s/ Matt Lee                             

Printed Name: Matt Lee           

Title: Secretary

    	 

    	 

    

 

Schedule 1

 

BOARD RESOLUTIONS

 

[attached]

 

 

    	 

    	 

    

CABINET GROW, INC.

RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS

________________________

Effective June __, 2014

________________________

 

APPROVAL OF FINANCING

 

WHEREAS, the Board
of Directors (the “Board”) of Cabinet Grow, Inc., a Nevada corporation (the “Company”), has
determined that it is in the best interests of the Company to seek financing in the amount of up to $1,500,000.00 through the issuance
and sale to Chicago Venture Partners, L.P., a Utah limited partnership (the “Buyer”), of a Secured Convertible
Promissory Note (the “Financing”);

WHEREAS, the terms
of the Financing are reflected in a Securities Purchase Agreement substantially in the form attached hereto as Exhibit A
(the “Purchase Agreement”), a Secured Convertible Promissory Note issued by the Company in the original principal
amount of $1,657,500.00 substantially in the form attached hereto as Exhibit B (the “Company Note”),
a Security Agreement substantially in the form attached hereto as Exhibit C (the “Security Agreement”),
a Warrant to Purchase Shares of Common Stock substantially in the form attached hereto as Exhibit D (the “Warrant”),
an Irrevocable Letter of Instructions to Transfer Agent substantially in the form attached hereto as Exhibit E, a Share
Issuance Resolution substantially in the form attached hereto as Exhibit F (“Share Issuance Resolution”),
a Membership Interest Pledge Agreement substantially in the form attached hereto as Exhibit G, two (2) Secured Buyer Notes
made by the Buyer in favor of the Company substantially in the form attached hereto as Exhibit H, two (2) Buyer Notes made
by the Buyer in favor of the Company substantially in the form attached hereto as Exhibit I, certain Stock Pledge Agreements
given by the Company’s stockholders for the benefit of the Buyer substantially in the form attached hereto as Exhibit
J, and all other agreements, certificates, instruments and documents being or to be executed and delivered under or in connection
with the Financing (collectively, the “Financing Documents”); and

WHEREAS, the Board,
having received and reviewed the Financing Documents, believes that it is in the best interests of the Company and the stockholders
to approve the Financing and the Financing Documents and authorize the officers of the Company to execute such documents.

NOW, THEREFORE,
BE IT:

RESOLVED, that the
Financing is hereby approved and determined to be in the best interests of the Company and its stockholders;

RESOLVED FURTHER,
that the form, terms and provisions of the Financing Documents (including all exhibits, schedules and other attachments thereto)
are hereby ratified, confirmed and approved;

RESOLVED FURTHER,
that upon the issuance and delivery thereof in accordance with the Purchase Agreement, the Company Note and the Warrant shall be
duly and validly issued;

RESOLVED FURTHER,
that the Company shall take all action reasonably necessary to at all times have authorized, and reserved for the purpose of issuance
under the Company Note and the Warrant such number of shares of the Company’s common stock required under the Purchase Agreement
(the “Share Reserve”);

RESOLVED FURTHER,
that the fixed number of shares of Common Stock set forth in the Share Issuance Resolution to be reserved by the transfer agent
(the “Transfer Agent Reserve”) is not meant to limit or restrict in any way the resolutions contained herein,
including without limitation the calculation of the Share Reserve under the Purchase Agreement, as required from time to time;

RESOLVED FURTHER,
that each of the officers of the Company be, and each of them hereby is, authorized to instruct the transfer agent to increase
the Transfer Agent Reserve in increments of 1,000,000 shares, from time to time, to correspond to the Share Reserve; provided,
however, that any decrease in the Transfer Agent Reserve will require the prior written consent of the Buyer;

RESOLVED FURTHER,
that in the event of any conflict between these resolutions and the Share Issuance Resolution, these resolutions shall control;

RESOLVED FURTHER,
that upon the issuance and delivery thereof in accordance with the Purchase Agreement, the Company Note and the Warrant; the Conversion
Shares (as defined in the Company Note) and the Warrant Shares (as defined in the Warrant) shall be duly and validly issued, fully
paid and nonassessable;

RESOLVED FURTHER,
that each of the officers of the Company be, and each of them hereby is, authorized to execute and deliver in the name of and on
behalf of the Company, each of the Financing Documents and any other related agreements (with such additions to, modifications
to, or deletions from such documents as the officer approves, such approval to be conclusively evidenced by such execution and
delivery), to conform the Company’s minute books and other records to the matters set forth in these resolutions, and to
take all other actions on behalf of the Company as any of them deem necessary, required, or advisable with respect to the matters
set forth in these resolutions;

RESOLVED FURTHER,
that the Board hereby determines that all acts and deeds previously performed by the Board and other officers of the Company relating
to the foregoing matters prior to the date of these resolutions are ratified, confirmed and approved in all respects as the authorized
acts and deeds of the Company; and

RESOLVED FURTHER,
that all prior actions or resolutions of the Company’s directors that are inconsistent with the foregoing are hereby amended,
corrected and restated to the extent required to be consistent herewith.

******************

 

 

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EXHIBITS ATTACHED TO BOARD RESOLUTIONS:

 

		Exhibit	A                 
PURCHASE AGREEMENT

		Exhibit	B                  
COMPANY NOTE

		Exhibit	C                  
SECURITY AGREEMENT

		Exhibit	D                 
WARRANT

		Exhibit	E                  
TRANSFER AGENT LETTER

		Exhibit	F                   
SHARE ISSUANCE RESOLUTION

		Exhibit	G                 
PLEDGE AGREEMENT

		Exhibit	H                 
SECURED BUYER NOTES

		Exhibit	I                    
BUYER NOTES

		Exhibit	J                    
STOCK PLEDGE AGREEMENTSEXHIBIT 4.18 

 

 

Share Issuance Resolution

Authorizing
The Issuance Of New Shares Of Common Stock In

 

Cabinet
Grow, Inc.

___________________________

Effective June 6, 2014

___________________________

 

The undersigned,
as a qualified officer of Cabinet Grow, Inc., a Nevada corporation (the “Company”), hereby certifies that this
Share Issuance Resolution is authorized by and consistent with the resolutions of the Company’s board of directors (“Board
Resolution”) regarding (i) that certain Secured Convertible Promissory Note in the face amount of $1,657,500.00 with
an original issuance date of June 6, 2014 (the “Note”), made by the Company in favor of Chicago Venture Partners,
L.P., a Utah limited partnership, its successor and/or assigns (“Investor”), and (ii) that certain Warrant to
Purchase Shares of Common Stock issued by the Company to Investor (the “Warrant”), all pursuant to that certain
Securities Purchase Agreement dated June 6, 2014, by and between the Company and Investor (the “Purchase Agreement”).

RESOLVED, that the
Company’s transfer agent (including all successor transfer agents, the “Transfer Agent”) of shares of
the Company’s common stock, $0.001 par value per share (“Common Stock”), is authorized to rely upon:

		(i)	a Lender Conversion Notice substantially in the form of Exhibit A attached hereto, whether
an original or a copy (the “Lender Conversion Notice”),

		(ii)	an Installment Notice substantially in the form of Exhibit B attached hereto, whether an
original or a copy (the “Installment Notice”),

		(iii)	a True-Up Notice substantially in the form of Exhibit C attached hereto, whether an original
or a copy (the “True-Up Notice”), and

		(iv)	a Notice of Exercise of Warrant substantially in the form of Exhibit D attached hereto,
whether an original or a copy (the “Notice of Exercise”),

in each case without
any further inquiry, to be delivered to the Transfer Agent from time to time either by the Company or Investor.

RESOLVED FURTHER,
that the Transfer Agent is authorized to issue the number of:

		(i)	“Lender Conversion Shares” (representing shares of Common Stock) set forth in each
Lender Conversion Notice delivered to the Transfer Agent,

		(ii)	“Installment Conversion Shares” (representing shares of Common Stock) set forth in
each Installment Notice delivered to the Transfer Agent,

		(iii)	“True-Up Shares” (representing shares of Common Stock) set forth in each True-Up Notice
delivered to the Transfer Agent,

		(iv)	“Delivery Shares” (representing shares of Common Stock) set forth in each Notice of
Exercise delivered to the Transfer Agent, and

		(v)	all additional shares of Common Stock the Company may subsequently instruct the Transfer Agent
to issue in connection with any of the foregoing or otherwise under the Note or the Warrant, as the case may be,

with such shares to
be issued in the name of Investor, or its successors, transferees, or designees, free of any restricted security legend, as permitted
by the Note or the Warrant, as the case may be.

RESOLVED FURTHER,
that consistent with the terms of the Purchase Agreement, the Transfer Agent is authorized and directed to create a transfer agent
share reserve equal to 10,000,000 shares of the Company’s common stock for the benefit of Investor (the “Transfer
Agent Reserve”) within three (3) trading days of the date the Company’s Common Stock first trades on a public
market; provided that the Transfer Agent Reserve may increase in increments of 1,000,000 shares from time to time by written
instructions provided to the Transfer Agent by the Company or Investor as required by the Purchase Agreement and as contemplated
by the Board Resolution.

RESOLVED FURTHER,
that Investor and the Transfer Agent may rely upon the more general approvals and authorizations set forth in the Board Resolution,
and the Transfer Agent is hereby authorized and directed to take those further actions approved under the Board Resolution.

RESOLVED FURTHER,
that Investor must consent in writing to any reduction of the Transfer Agent Reserve; provided, however, that upon (i) full
conversion and/or full repayment of the Note and (ii) the complete exercise (or expiration) of the Warrant, the Transfer Agent
Reserve will terminate thirty (30) days thereafter.

RESOLVED FURTHER,
that the Company shall indemnify the Transfer Agent and its employees against any and all loss, liability, damage, claim or expenses
incurred by or asserted against the Transfer Agent arising from any action taken by the Transfer Agent in reliance upon this Share
Issuance Resolution.

Nothing in this Share
Issuance Resolution shall limit or restrict those resolutions and authorizations set forth in the Board Resolution, including without
limitation, the calculation from time to time of the Share Reserve (as defined in the Purchase Agreement).

The undersigned officer of the Company hereby
certifies that this is a true copy of the Company’s Share Issuance Resolution, effective as of the date set forth below,
and that said resolution has not been in any way rescinded, annulled, or revoked, but the same is still in full force and effect.

 

	/s/ Sam May	 	6/6/2014
	Officer’s Signature	 	Date
	 	 	 
	Sam May, CEO	 	 
	Printed Name and Title	 	 

    	 

    	 

    

EXHIBIT A

 

LENDER CONVERSION NOTICE

 

[attached]

 

    	 

    	 

    

 

EXHIBIT B

 

INSTALLMENT NOTICE

 

[attached]

 

    	 

    	 

    

 

EXHIBIT C

 

TRUE-UP NOTICE

 

[attached]

    	 

    	 

    

 

EXHIBIT D

 

NOTICE OF EXERCISE

 

[attached]

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