Exhibit 10.1


 


Midam
Ventures, LLC


 


ENGAGEMENT LETTER


 


June 17, 2015


 


VIA EMAIL/FAX/REGULAR MAIL


Robert Sand,CEO


FBEC Worldwide Inc.


1621 Central Ave


Cheyenne, WY 95975


 


Dear Mr. Sand,


 


I am very pleased that you have selected
Midam Ventures, LLC (hereinafter “Midam”) to act as an advisor and consultant to FBEC Worldwide, Inc. (the “Company”)
(hereinafter collectively referred to as the “Parties”), and I look forward to working with you and your team to accomplish
your goals. This Engagement Letter (the “Agreement”) shall confirm the Company’s engagement of MIDAM for purposes
of providing business advisory services as set forth below in consideration for the fees and compensation described hereinafter.
This Agreement shall become effective as of the date set forth above upon your execution and delivery of this Agreement and the
engagement fee to MIDAM.


 


Recital: The Company agrees to
provide MIDAM, on a regular and timely basis, such information, historical financial data, projections, Performa’s, business
plans, due diligence documentation, and other information (collectively the “Information”) in the possession of the
Company or its agents that MIDAM may reasonably request or require to perform the services set forth herein. The information provided
by the Company to MIDAM shall be true, complete, accurate, and current in all respects and shall not set forth any untrue statements
nor omit any fact required or necessary to make the Information provided not misleading. The Company shall be deemed to make a
continuing representation of the accuracy and completeness of any and all Information that it supplies to MIDAM and the Company
acknowledges that it intends for MIDAM to rely on this representation and the continued accuracy and completeness of the Information
without independent verification in the performance of the Services hereunder. The Company authorizes MIDAM to use such Information
in connection with its performance of the Services. MIDAM shall use its best efforts to preserve the confidentiality of Information
expressly designated as confidential by the Company. The Company shall promptly and in a timely manner respond to the request(s)
of MIDAM regarding specific Information and assistance. MIDAM understands
that from time to time they will need to work with the Company’s IR consultant, Lamina International and John Mattio.


 






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Services. MIDAM will provide
the Company with various business advisory and consulting services as referenced in Exhibit-A attached hereof for the purpose of
creating market awareness under SEC and OTC Guidelines and regulations, further referred to as (the ”Services”). The
Company acknowledges that the results of said Services would dependent upon various factors and circumstances outside the control
of MIDAM. The Company acknowledges that MIDAM has not made any representations, warranties or guarantees that the Services to be
provided hereunder shall result in (a) the purchase of the Company’s securities by any investors; (b) funds being made available
to the Company from any lenders; (c) any financing vehicles being made available to the Company; (d) any merger, acquisition or
disposition in connection with the business or assets of the Company, or any financing transaction (whether registered with the
U.S. Securities and Exchange Commission or pursuant to an exemption from such registration) involving the Company will take place;
(e) the Company or its successors becoming a “publicly traded” company inside or outside of the United States; or (f)
the achievement of any particular result with respect to the Company’s business, stock price, trading volume, market capitalization
or otherwise.


 


License of Trademark: In addition
to the Services described above and in Exhibit A, MIDAM will grant a license (the “License”) to the Company for the
use of the “Wolfshot” Trademark, in connection with an energy drink to be produced by the Company. The License shall
last for the term of this Agreement and any renewals or extensions hereto. Each party shall at any time or times hereafter make,
execute and deliver any and all documents, instruments, assurances and things as may reasonably be required for the purpose of
giving full force and effect to this Agreement and the covenants, conditions and provisions of this Agreement, without charge to
the other party, including but not limited to a Trademark License Agreement.


 


Consulting Fee. In addition
to and not in mitigation of, or substitution for, any additional fees enumerated in any Schedules attached hereto, the Company
shall issue to Midam Venture LLC consideration of Ten Million (10,000,000) restricted common shares as consideration for the term
of this Engagement. The shares will be issued in 10 equal monthly installment commencing on the date of this agreement and each
thirty (30) days thereafter.


 






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Term
and Termination. The term of this Agreement shall be for ten (10) Months beginning on June 17, 2015 and ending on April
16, 2016. Either Party may terminate this Agreement prior to the expiration of the Term upon written notice to the non-terminating
party upon: (a) the failure of any party to cure a material default under this Agreement within five (5) business days after receiving
written notice of such default from the terminating party; (b) the bankruptcy or liquidation of either party; (c) the use by any
party of any insolvency laws; (d) the performance of the Services hereunder; and (e) the appointment of a receiver for all or
a substantial portion of either parties’ assets or business. If terminated, irrespective of the reasons for such termination,
MIDAM shall not be required to perform any additional services beyond the termination date and all fees described in this Agreement
shall be deemed earned in full.


 


Relationship of the Parties. MIDAM
is an independent contractor, responsible for compensation of its agents, employees and representatives, as well as all applicable
withholding there from and any taxes thereon (including any unemployment compensation) and all workers’ compensation insurance.
Nothing herein shall establish any partnership, joint venture, or other business association between the parties.


 


Disputes. Any dispute, controversy
or claim between the Company and MIDAM arising out of or related to this Agreement or breach thereof, except those faults described
in the Remedies for Certain Faults section of this Agreement, shall be settled by arbitration, which shall be conducted in accordance
with the rules of the American Arbitration Association then in effect and conducted in the County of Miami-Dade in the State of
Florida. Any award made by arbitrators shall be binding and conclusive for all purposes thereof, may include injunctive relief,
as well as orders for specific performance and may be entered as a final judgment in any court of competent jurisdiction. The cost
and expenses of such arbitration shall be borne in accordance with the determination of the arbitrators and may include reasonable
attorney’s fees. Each party hereby further agrees that service of process may be made upon it by registered or certified
mail or personal service at the address provided herein.


 


Indemnification by COMPANY to
MIDAM. The Company shall indemnify and hold harmless MIDAM and its directors, officers, employees, agents, attorneys
and assigns from and against any and all losses, claims, costs, damages, or liabilities (including the fees and expenses of
legal counsel) to which any of them may become subject in connection with the investigation, defense or settlement of any
actions or claims: (i)caused by the Company’s misstatement or alleged misstatement of a material fact or omission or
alleged omission of a material fact required to make any statement not misleading; (ii) arising in any manner out of or in
connection with the rendering of Services by MIDAM hereunder; or (iii) otherwise in connection with this Agreement. The
Company shall not be liable for any settlement of any action effected without its written consent.


 






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Notices. All notices hereunder
shall be in writing and shall be validly given, made or served if in writing and delivered in person or when received by facsimile
transmission, or five days after being sent first class certified or registered mail, postage prepaid, or one day after being sent
by a nationally recognized overnight carrier to the party for whom intended at the address set forth after each parties signatures.


 


Severability. If any clause
or provision of the Agreement is illegal, invalid or unenforceable under applicable present or future laws effective during the
Term, the remainder of this Agreement shall not be affected. In lieu of each clause or provision of this Agreement, that is illegal,
invalid or unenforceable, there shall be added as a part of this Agreement a clause or provision as nearly identical as may be
possible, and as may be legal, valid, and enforceable. In the event that any clause or provision of this Agreement is illegal,
invalid, or unenforceable as aforesaid and the effect of such illegality, invalidity, or unenforceability is that either party
no longer has the substantial benefit of its bargain under this Agreement and a clause or provision as nearly identical as may
be possible cannot be added, then, in such event, such party may in its discretion cancel and terminate this Agreement provided
such party exercises such right within a reasonable time after such occurrence.


 


This is our Agreement. The
parties agree and acknowledge that they have jointly participated in the negotiation and drafting of this Agreement and that this
Agreement has been fully reviewed and negotiated by the parties and their respective counsel. In the event of an ambiguity or question
of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties and no presumptions
or burdens of proof shall arise favoring any party by virtue of the authorship of any of the provisions of this Agreement.


 


Governing Law. This Agreement
shall be governed by and construed under the laws of the State of Florida without regard to principals of conflicts of laws provisions.


 


 






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Venue. Venue
for any dispute arising out of this Agreement shall be in a court of competent jurisdiction in Miami-Dade County, Florida.


 


Interpretation. The Parties
hereby acknowledge and agree that each has participated in the negotiation and drafting of this Agreement and that the principle
of construing a document most strictly against its drafter shall not apply with respect to the interpretation of this agreement.


 


Paragraph Headings. Headings
in this Agreement are for reference purposes only and shalt not be deemed to have any substantive effect.


 


Amendments and Waivers. This
Agreement may not be modified, amended, supplemented, canceled or discharged, except by written instrument executed by all parties.
No failure to exercise, and no delay in exercising, any right, power or privilege under this Agreement shall operate as a waiver,
nor shall any single or partial exercise of any right, power or privilege hereunder preclude the exercise of any other right, power,
or privilege. No waiver of any breach of any provision shall be deemed to be a waiver of any preceding or succeeding breach of
the same or any other provision, nor shall any waiver be implied from any course of dealing between the parties. To be effective,
all waivers must be in writing, signed by both parties. The rights and remedies of the parties under this Agreement are in addition
to all other rights and remedies, at law or equity, that they may have against each other except as may be specifically limited
herein.


 


This is our entire Agreement. This
Agreement contains the entire understanding of the parties in respect of its subject matter and supersedes all prior agreements
and understandings (oral and written) between or among the parties with respect to such subject matter. The parties agree that
prior drafts of this Agreement shall not be deemed to provide any evidence as to the meaning of any provision hereof or the intent
of the parties with respect thereto.


 


We May Execute this Agreement in
Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original but all
of which together shall constitute one and the same instrument. A telecopy signature of any party shall be considered to have the
same binding legal effect as an original signature.


 






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Prevailing Party Rights. In
the event that any dispute among the parties to this Agreement should result in arbitration or litigation, the substantially prevailing
party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of
such prevailing party under or with respect to this Agreement, including without limitation, such reasonable fees and expenses
of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals and collection.


 


If the foregoing is in accordance with
your understanding, kindly confirm your acceptance and agreement by signing and returning the enclosed duplicate of this Agreement
that will thereupon constitute an agreement between us.


 


 


Accepted and approved this 17th day of June 2015.


 


	By:	Robert Sand	 




Robert Sand,CEO


FBEC Worldwide, Inc.


 


 








	By:	Adam Heimann	 





Adam Heimann, Partner


MIDAM Ventures LLC


1522 SAN IGNACIO #3


CORAL GABLES, FL 33413


 


 


 



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Exhibit
A:


 


Tasks are listed in no specific order.


 


·    Investors
Relations & Public Relations for FBEC Worldwide Inc.


·    Corporate
/ Ecommerce web development.


·    Social
media marketing for corporate & Ecommerce.


·    Seek
out & solidify online & offline retail / wholesale distribution for FBEC brands.


·    Business
Consulting


·    Provide
Coverage from Marijuanastocks.com & WolfofWeedStreet.com




 


 


 


 






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