Exhibit
10.18 


 


NEITHER THIS NOTE NOR THE SECURITIES
ISSUABLE UPON CONVERSION OF PRINCIPAL HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR UNDER THE SECURITIES LAWS
OF ANY STATE OR OTHER JURISDICTION (TOGETHER, THE “SECURITIES LAWS”) AND MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE
TRANSFERRED OR ENCUMBERED IN THE ABSENCE OF COMPLIANCE WITH SUCH SECURITIES LAWS AND UNTIL THE ISSUER THEREOF SHALL HAVE RECEIVED
AN OPINION FROM COUNSEL ACCEPTABLE TO IT THAT THE PROPOSED DISPOSITION WILL NOT VIOLATE ANY APPLICABLE SECURITIES LAWS.


 


 


 


CONVERTIBLE NOTE


 


 





	Principal Amount: $25,000.00	Date:
December 2, 2014



 


FOR
VALUE RECEIVED, FastFunds
Financial Corporation, a Nevada corporation (the “Company”), hereby promises to pay to the order of Joseph Bushman
(“Holder”), the principal sum of TWENTY-FIVE THOUSAND DOLLARS AND NO/100 DOLLARS ($25,000.00), together with accrued
interest on the unpaid principal balance thereof at the rate of Eight percent (15.0%) per annum, calculated on the basis
of actual days elapsed in a year of 365 days.


 


All interest due
and payable under this Note may be paid in shares of the Company’s common stock pursuant to the terms of Article 2 of this
Note. Interest shall be paid in-kind at the election of the Holder.


 


Article 1


 


Payments


 


1.1 
Principal and Interest Due. Except in the event of a conversion of this Note in accordance with Article 2, or the
prepayment of this Note, the principal balance shall be due and payable nine months from the date of this note. Any payments
received shall be applied first to any other charges due under this Note and thereafter to the payment of the principal balance
of this Note.


 


1.2 
Manner of Payment. All payments of principal shall be made in United Stated currency at such place as Holder shall
designate to the Company in writing. If any payment of principal on this Note is due on a day that is not a Business Day, such
payment shall be due on the next succeeding Business Day, and such extension of time shall not be taken into account in calculating
the amount of interest payable under this Note. “Business Day” means any day other than a Saturday, Sunday or legal
holiday in the State of Colorado.


 


1.3 
Prepayment. This Note may be prepaid, in whole or in part, by the Company at any time and from time to time, without
premium or penalty. At Holder’s option, any payments on this Note shall be applied first to pay Holder for all costs of collection
of any kind, including reasonable attorneys’ fees and expenses, and thereafter to the payment of principal.


 


Article 2


 


Conversion


 


2.1 Conversion.
At Holder’s option, Holder shall have the right at any time during the Conversion Period (as defined below) to convert
the principal amount and accrued interest payable of this Note, in accordance with the provisions of Section 2.2, into $0.001
par value shares of the Company’s common stock (the “Shares”) The conversion price (the “Conversion
Price”) shall equal the Variable Conversion Price (as defined herein) (subject to equitable adjustments for stock
splits, stock dividends or rights offerings by the Company relating to the Company’s securities or the securities of
any subsidiary of the Company, combinations, recapitalization, reclassifications, extraordinary distributions and similar
events). The "Variable Conversion Price" shall mean 50% multiplied by the Market Price (as defined herein)
(representing a discount rate of 50%). “Market Price” means the average of the lowest three (3) Trading Prices
(as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day
prior to the Conversion Date. “Trading Price” means, for any security as of any date, the lowest last sales price
on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting
service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal
trading market for such security, the lowest last sales price of such security on the principal securities exchange or
trading market where such security is listed or traded or, if lowest last sales price of such security is available in any of
the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the
“pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security
on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the
Company and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price
is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which
the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market
on which the Common Stock is then being traded. For all purposes of this Note, the “Conversion Period” shall mean
that period from the issuance of this Note to its maturity. Provided, however, that no conversion shall be permitted if
the number of Shares issuable upon the conversion of the portion of this Note with respect to which the determination of this
proviso is being made, would result in beneficial ownership by the Holder and its affiliates of more than 4.99% of the
outstanding shares of the Company.


 


2.2 Method of Conversion.
To convert this Note, Holder must deliver a conversion notice substantially in the form attached hereto as Annex A during
the Conversion Period. No fractional shares shall be issued upon conversion of this Note. In lieu of any fractional share to which
Holder would otherwise be entitled upon conversion of this Note, the Company will pay to Holder in cash the amount of the unconverted
principal and interest balance of this Note that would otherwise be converted into such fractional share. Upon the conversion of
this Note, Holder shall surrender this Note, duly endorsed, at the Company’s principal office, and the Company shall, at
its expense and as soon as practicable thereafter, issue and deliver to Holder at such principal office one or more certificates
for the number of common shares to which Holder is entitled (bearing such legends as are required by applicable state and federal
securities laws in the opinion of counsel to the Company), together with a check payable to Holder for any cash amounts payable
as described herein. Any conversion of this Note shall be deemed to have been made immediately prior to the close of business on
the date of this Note’s surrender, and the person or persons entitled to receive ownership interest upon such conversion
shall be treated for all purposes as the record holder or holders of such ownership interest as of such date. Upon this Note’s
conversion, and payment of any accrued interest hereon, the Company will be forever released from all of its obligations and liabilities
hereunder with regard to that portion of the principal amount being converted, including without limitation the obligation to pay
such portion of the principal amount and accrued interest.


 


Article 3


 


Default and Remedies


 


3.1 Default.
The occurrence of any of the following events shall constitute a “Default” under this Note upon notice from the Holder:


 


(a) Company’s failure to
remit to Holder the principal or interest hereof as the same becomes due hereunder;


 


(b)  
Company’s assignment for the benefit of creditors, or filing of a petition in bankruptcy or for reorganization or
to effect a plan or arrangement with creditors;


 


(c)   
Company’s application for, or voluntary permission of, the appointment of a receiver of trustee for any or all Company
property;


 


(d)  
any action or proceeding described in the foregoing paragraphs (b) and (c) is commenced against Company and such action
or proceeding is not vacated within 60 days of its commencement;


 


(e) Company’s
dissolution or liquidation.


 


3.2 Remedies Upon
Default. Upon any Default:



 


(a)   
Interest rate shall increase to Twelve percent (18.0%) per annum, from the date of Default upon notice from the Holder;


 


(b)  
Holder may without further notice declare the entire remaining principal sum of this Note, together with all interest accrued
thereon, immediately due and payable; and Holder’s failure to declare the entire remaining principal sum of this Note, together
with all interest accrued thereon, immediately due and payable shall not constitute a waiver by Holder of its right to so declare
at any other time;


 


(c)   
Holder may employ an attorney to enforce its rights and remedies hereunder and Company hereby agrees to pay Holder’s
reasonable attorneys’ fees and other reasonable expenses incurred by Holder in exercising any of Holder’s rights and
remedies upon Default; and


 


(d)  
Holder’s rights and remedies provided hereunder shall be cumulative and may be pursued singly, successively or together
in Holder’s sole discretion; and Holder’s failure to exercise any such right or remedy shall not be a waiver or release
of such rights or remedies or the right to exercise any of them at another time.


 


Article 4


 


Registration
Status of Shares; Restrictions on Transferability.



 


4.1 The holder
understands, acknowledges and agrees that:


 


(a)   
The Shares to be issued upon conversion of this Note have not been registered under the Securities Act of 1933, as amended
(the “Act”) or under applicable state securities acts on the grounds that the Shares are being issued in a transaction
(i) involving a limited group of knowledgeable investors fully familiar with the affairs and proposed operations of the Company,
and (ii) not involving a public offering and that, consequently, such transaction is exempt from registration under the Act and
the state securities acts. The Company will rely on the Holder’s representations in the Investor Qualification Questionnaire
as a basis for the exemption from registration.


 


(b)   
The Shares may not be sold, transferred or otherwise disposed of except pursuant to an
effective registration statement or appropriate exemption from registration under applicable state law and, as a result, the Holder
must comply with applicable transfer requirements. Should the Holder should later desire to dispose of or transfer any of the
Shares in any manner, the Holder shall not do so without first obtaining (i) an opinion of counsel satisfactory to the Company
that such proposed disposition or transfer may be made lawfully without the registration of the Shares pursuant to the
Act and applicable state laws, or (ii) registration of such Shares. set forth in Paragraph 2(f) above and may be required to hold
the Shares for an indefinite period of time.


 


(c) The Company is under no obligation to file a registration statement with respect
to the Shares. Furthermore, the provisions of Rule 144 under the Act will permit resale of the Shares only under limited circumstances.
For example, the Shares must be held by the Holder for at least six months following the date of this Note before they can be
sold pursuant to Rule 144 and even then such sales will be further restricted by certain volume limitations.


 


4.2 Legend on Certificates
to be Issued. The Holder understands and acknowledges that the stock certificate representing the Shares to be issued by the
Company upon conversion of this Note will contain substantially the following legends:


 


THE SECURITIES REPRESENTED BY
THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (the “Act”), OR APPLICABLE STATE
SECURITIES LAWS. NO SALE OR ASSIGNMENT OF THE SHARES REPRESENTED BY THIS CERTIFICATE SHALL BE MADE EXCEPT IN CONJUNCTION WITH AN
EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER APPLICABLE SECURITIES LAWS UNLESS THE HOLDER SHALL HAVE OBTAINED AN OPINION
OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH PROPOSED DISPOSITION OR TRANSFER LAWFULLY MAY BE MADE WITHOUT REGISTRATION OF
SUCH SHARES PURSUANT TO APPLICABLE SECURITIES LAWS, OR SUCH REGISTRATION.


 


Article 5


 


General Provisions


 


5.1  
Waiver of Protest, Presentment and Notice. The Company hereby waives presentment,
demand for payment, notice of nonpayment or dishonor, protest, and notice of protest, and agrees to continue to be bound for the
payment of principal, interest and all other sums due under this Note notwithstanding any extension or alteration of the time or
terms of payment hereon, any renewal or any acceptance of security of any kind. Company also hereby waives the right to protest
the domestication or collection of any judgment obtained against the Company with respect to this Note in any jurisdiction where
the Company may now or hereafter maintain assets or be registered or qualified to transact business. 


 


5.2 
Obligations Absolute. Company’s obligations hereunder are absolute, and Company hereby waives any and all rights
to offset, deduct or withhold any payments or charges due hereunder for any reason whatsoever.


 


5.3 
Entire Agreement. This Note constitutes the full and entire understanding and agreement between the parties with
regard to the subject matter hereof.


 


5.4 
Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of Colorado
without regard to its conflicts-of-law principles.


 


5.5 
Severability. If any provision in this Note is held invalid or unenforceable by a court of competent jurisdiction,
the other provisions of this Note will remain in full force and effect. Any provision of this Note held invalid or unenforceable
only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.





5.6 
Waiver of Right or Remedy. No waiver of any right or remedy under this Note shall be valid unless in writing executed
by the Holder hereof, and any such waiver shall be effective only in the specific instance and for the specific purpose given.
All rights and remedies of all present and future Holders of this Note shall be cumulative and may be exercised singly, concurrently
or successively. This Note shall bind the Company and its successors and assigns.


 


5.7 Notices.
Any notice required or permitted to be given hereunder shall be made as follows:



 


To the Company


Henry Fong, Chairman


FastFunds Financial Corporation


319
Clematis Street - Suite 400 West Palm Beach, Florida 33401


(561) 514-9042


 


(561) 514-9045 Fax henryfong1@gmail.com


 


To the Holder


Joseph Bushman


715 S State
Hwy 49


 


Wittenberg, WI 54499 jbushman@wittenbergnet.net


 


 


5.8 Construction.
The headings of Sections in this Convertible Note are provided for convenience only and will not affect its construction or interpretation.
All references to Articles or Sections refer to Articles and Sections of this Note unless otherwise specified.


 


 


 


 


 


[SIGNATURE PAGE FOLLOWS]


 


 











    	 



    	 



    

IN
WITNESS WHEREOF,
the Company has executed and delivered this Convertible Note as of the date first set forth above.


 


 


 


FastFunds Financial Corporation





By: /s/ Henry Fong


HENRY FONG


CHAIRMAN


 


 


 


 


 


 






    	 



    	 



    

NOTICE OF CONVERSION


 


(to be signed only upon conversion of note)


 


 


To: FastFunds Financial Corporation


319 Clematis Street - Suite 400


West Palm Beach, Florida 33401


 


 


The undersigned, the Holder
of the Convertible Note of FastFunds Financial Corporation dated


______________________, hereby
surrenders such Convertible Note for conversion into shares of the common stock of FastFunds Financial Corporation, to the
extent of $___________________ of the unpaid principal and accrued interest of such Convertible Note, and requests that the
certificates for such shares be issued in the name, and delivered to the address set forth below:


 


____________________________________


Exact Name in which
shares are to be registered





 


____________________________________


 


____________________________________


Address, city, state and
zip code


 


Tax ID#: _____________________


 


Dated: _______________________


 


Conversion Price: _______________


 


Principal Balance: _______________


 


HOLDER:


 


 


_____________________________________ 


Signature





 


_____________________________________


Name (print or type)


 


 


_____________________________________


Phone





 


_____________________________________


Email Address