INDOOR HARVEST CORP. (OTCMKTS:INQD) Files An 8-K Material Modification to Rights of Security Holders

Item 3.03 Material Modification to Rights of Security Holders.

On March 20, 2017, the Company’s Series A Preferred Convertible
Stock share holders (“Series A Holders”) each voted to waive
and remove the provisions of Section 5(iii) of the Series A
Preferred Stock Designation. This waives and removes what is
known as full ratchet protection provisions for adjustments in
the Conversion Price and formula.

Series A Holders have each agreed individually and also as a
group to convert their Series A Convertible Preferred Stock into
Common Stock at a conversion price equal to $0.30 per share. A
total of 250,000 shares of the Company’s Series A Preferred
Convertible Stock were converted into 416,667 shares of Common
Stock. As a result of this action, there currently are no Series
A Convertible Preferred Stock issued and outstanding.

Item 8.01 Other Events.

On March 20, 2017, the Company settled $177,604 in principal and
interest, plus 125% multiplied by the Principal Amount of
$137,500 plus accrued interest of $4,583 on the Principal Amount
of a Promissory note with FirstFire Global Opportunities Fund,
LLC (“FirstFire”) originally dated October 19, 2016. The
Company settled the amount owed by paying $77,604 in cash and by
issuing 333,333 shares of Common Stock at the fixed conversion
price of $0.30 per share for a total value of $100,000. The
Company was released from any further liability under the
FirstFire Note upon delivery of these amounts of cash and stock.

On March 20, 2017, the Company settled $175,313 in principal and
interest, plus 125% multiplied by the Principal Amount of
$137,500 plus accrued interest of $2,750 on the Principal Amount
of a Promissory note with FirstFire originally dated December 14,
2016. The Company settled the amount owed by paying $175,313 in
cash. The Company was released from any further liability under
this FirstFire Note upon payment of this amount.

On March 20, 2017, the Company settled $269,498 in principal and
interest, plus 115% multiplied by the Principal Amount of
$225,500 plus accrued interest of $8,846 on the Principal Amount
of a Promissory note with Chuck Rifici Holdings, Inc originally
dated September 26, 2016. The Company settled the amount owed by
paying $269,498 in cash. The Company was released from any
further liability under this Rifici Note upon payment of this
amount.

Exhibits

About INDOOR HARVEST CORP. (OTCMKTS:INQD)

Indoor Harvest Corp. is a design-build contractor for the vertical farming and indoor farming industry. The Company’s principal lines of business are engineering, procurement and construction services, as well as manufactures a range of indoor farming fixtures and equipment. It provides production platforms, mechanical systems and complete custom designed build outs for both Controlled Environment Agriculture (CEA) and Building Integrated Agriculture (BIA). Its technologies include greenhouse production, hydroponics, aquaculture, aquaponics and aeroponics. It offers a vertical farm racking system with integrated light emitting diode (LED) lighting. Its vertical farm racking system is used for both aeroponic and hydroponic layered crop production within a CEA or BIA operation. It offers services under the Indoor Harvest brand. Its products include Indoor Harvest Modular HP-Aeroponics Platform, Indoor Harvest Shallow Raft VFRack Platform and Indoor Harvest Low Tide VFRack Platform.

INDOOR HARVEST CORP. (OTCMKTS:INQD) Recent Trading Information

INDOOR HARVEST CORP. (OTCMKTS:INQD) closed its last trading session down -0.010 at 0.400 with shares trading hands.