Document:

Exhibit 10.5

 

GUARANTY

 

1.           Identification.

 

This Guaranty (the
“Guaranty”), dated as of April 21, 2014, is entered into by Attitude Drinks, Inc., a Delaware corporation (“Guarantor”),
for the benefit of the Collateral Agent identified below and the parties identified on Schedule A hereto (each a “Lender”
and collectively, the “Lenders”).

 

2.           Recitals.

 

2.1           Guarantor
is the parent of Harrison Vickers and Waterman Inc., a Nevada corporation (“HVW”). The Lenders have sold certain
assets to HVW which were paid in part by the issuance of certain Secured Convertible Promissory Notes (collectively, “Note”
or the “Notes”) issued by HVW on, about or after the date of this Guaranty pursuant to that certain Asset Purchase
Agreement dated at or about the date hereof (“Asset Purchase Agreement”). The Notes issued on the Closing Date
are further described on Schedule A hereto and were and or will be executed by HVW as “Borrower” for the benefit
of each Lender as the “Holder” thereof. Guarantor will obtain substantial benefit from the Notes.

 

2.3           In
consideration of the assets sold by Lenders to HVW and for other good and valuable consideration, and as security for the performance
by HVW of its obligations under the Notes and as security for the repayment of the Notes and all other sums due from Debtor to
Lenders arising under the Notes (collectively, the “Obligations”), Guarantor, for good and valuable consideration,
receipt of which is acknowledged, has agreed to enter into this Guaranty.

 

2.4           The
Lenders have appointed Tarpon Bay Partners LLC as Collateral Agent pursuant to that certain Security Agreement dated at or about
the date of this Agreement (“Security Agreement”), among the Lenders and Collateral Agent.

 

2.5           Upper
case terms employed but not defined herein shall have the meanings ascribed to them in the Transaction Documents (as defined in
the Asset Purchase Agreement).

 

3.          Guaranty.

 

3.1           Guaranty.
Guarantor hereby unconditionally and irrevocably guarantees, jointly and severally with any other guarantor of the Obligations,
the punctual payment, performance and observance when due, whether at stated maturity, by acceleration or otherwise, of all of
the Obligations now or hereafter existing, whether for principal, interest (including, without limitation, all interest that accrues
after the commencement of any insolvency, bankruptcy or reorganization of HVW, whether or not constituting an allowed claim in
such proceeding), fees, commissions, expense reimbursements, liquidated damages, indemnifications or otherwise arising under the
Notes, Security Agreement, or any other Transaction Document (as defined in the Securities Purchase Agreement) (such obligations,
to the extent not paid by HVW being the “Guaranteed Obligations” and included in the definition of Obligations),
and agrees to pay any and all reasonable costs, fees and expenses (including reasonable counsel fees and expenses) incurred by
Collateral Agent and the Lenders in enforcing any rights under the Guaranty set forth herein. Without limiting the generality of
the foregoing, Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would
be owed by HVW to Collateral Agent and the Lenders, but for the fact that they are unenforceable or not allowable due to the existence
of an insolvency, bankruptcy or reorganization involving HVW.

 

    	 

    	 

    

 

3.2          Guaranty
Absolute. Guarantor guarantees that the Guaranteed Obligations will be paid strictly in accordance with the terms of the Notes,
regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights
of Collateral Agent or the Lenders with respect thereto. The obligations of Guarantor under this Guaranty are independent of the
Guaranteed Obligations, and a separate action or actions may be brought and prosecuted against Guarantor to enforce such obligations,
irrespective of whether any action is brought against HVW or any other guarantor or whether HVW or any other guarantor is joined
in any such action or actions. The liability of Guarantor under this Guaranty constitutes a primary obligation, and not a contract
of surety, and to the extent permitted by law, shall be irrevocable, absolute and unconditional irrespective of, and Guarantor
hereby irrevocably waives any defenses it may now or hereafter have in any way relating to, any or all of the following:

 

(a)          any
lack of validity of the Notes or any agreement or instrument relating thereto;

 

(b)          any
change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations, or any other
amendment or waiver of or any consent to departure from the Notes, including, without limitation, any increase in the Guaranteed
Obligations resulting from the extension of additional credit to HVW or otherwise;

 

(c)          any
taking, exchange, release, subordination or non-perfection of any Collateral, or any taking, release or amendment or waiver of
or consent to departure from any other guaranty, for all or any of the Guaranteed Obligations;

 

(d)          any
change, restructuring or termination of the corporate, limited liability company or partnership structure or existence of HVW;
or

 

(e)          any
other circumstance (including, without limitation, any statute of limitations) or any existence of or reliance on any representation
by Collateral Agent or the Lenders that might otherwise constitute a defense available to, or a discharge of, HVW or any other
guarantor or surety.

 

This Guaranty shall
continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations
is rescinded or must otherwise be returned by Collateral Agent, the Lenders or any other entity upon the insolvency, bankruptcy
or reorganization of the HVW or otherwise (and whether as a result of any demand, settlement, litigation or otherwise), all as
though such payment had not been made.

 

3.3          Waiver.
Guarantor hereby waives promptness, diligence, notice of acceptance and any other notice with respect to any of the Guaranteed
Obligations and this Guaranty and any requirement that Collateral Agent or the Lenders exhaust any right or take any action against
any Borrower or any other person or entity or any Collateral. Guarantor acknowledges that it will receive direct and indirect benefits
from the financing arrangements contemplated herein and that the waiver set forth in this Section 3.3 is knowingly made in
contemplation of such benefits. Guarantor hereby waives any right to revoke this Guaranty, and acknowledges that this Guaranty
is continuing in nature and applies to all Guaranteed Obligations, whether existing now or in the future.

 

    	 

    	 

    

 

3.4           Continuing
Guaranty; Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later
of the indefeasible cash or other payment in full of the Guaranteed Obligations , (b) be binding upon Guarantor, its successors
and assigns, and (c) inure to the benefit of and be enforceable by the Lenders and their successors, pledgees, transferees and
assigns. Without limiting the generality of the foregoing clause (c), any Lender may pledge, assign or otherwise transfer
all or any portion of its rights and obligations under this Guaranty (including, without limitation, all or any portion of its
Notes owing to it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof
granted such Collateral Agent or Lender herein or otherwise.

 

3.5           Subrogation.
Guarantor will not exercise any rights that it may now or hereafter acquire against the Collateral Agent or any Lender or other
guarantor (if any) that arise from the existence, payment, performance or enforcement of such Guarantor’s obligations under
this Guaranty, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification,
whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation,
the right to take or receive from the Collateral Agent or any Lender or other guarantor (if any), directly or indirectly, in cash
or other property or by set-off or in any other manner, payment or security solely on account of such claim, remedy or right, unless
and until all of the Guaranteed Obligations and all other amounts payable under this Guaranty shall have been indefeasibly paid
in full. 

 

3.6           Maximum
Obligations. Notwithstanding any provision herein contained to the contrary, Guarantor’s liability with respect to the
Obligations shall be limited to an amount not to exceed, as of any date of determination, the amount that could be claimed by Lenders
from Guarantor without rendering such claim voidable or avoidable under Section 548 of the Bankruptcy Code or under any applicable
state Uniform Fraudulent Transfer Act, Uniform Fraudulent Conveyance Act or similar statute or common law.

 

4.           Miscellaneous.

 

4.1           Expenses.
Guarantor shall pay to the Lenders, on demand, the amount of any and all reasonable expenses, including, without limitation, reasonable
attorneys’ fees, reasonable legal expenses and reasonable brokers’ fees, which the Lenders may incur in connection
with exercise or enforcement of any the rights, remedies or powers of the Lenders hereunder or with respect to any or all of the
Obligations.

 

4.2           Waivers,
Amendment and Remedies. No course of dealing by the Lenders and no failure by the Lenders to exercise, or delay by the Lender
in exercising, any right, remedy or power hereunder shall operate as a waiver thereof, and no single or partial exercise thereof
shall preclude any other or further exercise thereof or the exercise of any other right, remedy or power of the Lenders. No amendment,
modification or waiver of any provision of this Guaranty and no consent to any departure by Guarantor therefrom, shall, in any
event, be effective unless contained in a writing signed by the Guarantor and the Majority in Interest (as such term is defined
in the Security Agreement) or Lenders against whom such amendment, modification or waiver is sought, and then such waiver or consent
shall be effective only in the specific instance and for the specific purpose for which given. The rights, remedies and powers
of the Lenders, not only hereunder, but also under any other Transaction Documents and under applicable law are cumulative, and
may be exercised by the Lenders from time to time in such order as the Lenders may elect.

 

4.3           Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (a) personally served, (b) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (c) delivered by a reputable overnight courier service with charges prepaid, or (d) transmitted
by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified
most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed
effective (i) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine,
at the address or number designated below if delivered on a Business Day during normal business hours, or the first Business Day
following such delivery (if delivered other than on a Business Day during normal business hours), (ii) on the first Business Day
following the date deposited with an overnight courier service with charges prepaid, or (iii) on the fifth Business Day following
the date of mailing pursuant to subpart (b) above, or upon actual receipt of such mailing, whichever shall first occur. The addresses
for such communications shall be:

 

    	 

    	 

    

 

	To Guarantor, to:	Attitude Drinks Inc..
	 	712 US Highway 1, Suite 200
	 	North Palm Beach, FL 33408
	 	Attn: Roy Warren, CEO and President
	 	Fax: (800) 799–5053
	 	 
	To the Collateral Agent:	Tarpon Bay Partners LLC
	 	c/o Grushko & Mittman, P.C.
	 	515 Rockaway Avenue
	 	Valley Stream, New York 11581
	 	Fax: (212) 697–3575
	 	 
	To Lenders:	To the addresses and telecopier numbers set
	 	forth on Schedule A

 

Any party may change its address by written
notice in accordance with this paragraph.

 

4.4           Term;
Binding Effect. This Guaranty shall (a) remain in full force and effect until payment and satisfaction in full of all of the
Guaranteed Obligations; (b) be binding upon Guarantor and its successors and permitted assigns; and (c) inure to the benefit of
the Lenders and their respective successors and assigns. All the rights and benefits granted by Guarantor to the Collateral Agent
and Lenders hereunder and other agreements and documents delivered in connection therewith are deemed granted to both the Collateral
Agent and Lenders. Upon the payment in full of the Guaranteed Obligations, (i) this Guaranty shall terminate and (ii) the Lenders
will, upon Guarantor’s request and at Guarantor’s expense, execute and deliver to Guarantor such documents as Guarantor
shall reasonably request to evidence such termination, all without any representation, warranty or recourse whatsoever.

 

4.5           Captions.
The captions of Paragraphs, Articles and Sections in this Guaranty have been included for convenience of reference only, and shall
not define or limit the provisions hereof and have no legal or other significance whatsoever.

 

    	 

    	 

    

 

4.6           Governing
Law; Venue; Severability. This Guaranty shall be governed by and construed in accordance with the laws of the State of New
York without regard to principles of conflicts or choice of law. Any legal action or proceeding against Guarantor with respect
to this Guaranty may be brought in the courts of the State of New York or of the United States for the Southern District of New
York, and, by execution and delivery of this Guaranty, Guarantor hereby irrevocably accepts for itself and in respect of its property,
generally and unconditionally, the jurisdiction of the aforesaid courts. Guarantor hereby irrevocably waives any objection which
it may now or hereafter have to the laying of venue of any of the aforesaid actions or proceedings arising out of or in connection
with this Guaranty brought in the aforesaid courts and hereby further irrevocably waives and agrees not to plead or claim in any
such court that any such action or proceeding brought in any such court has been brought in an inconvenient forum. If any provision
of this Guaranty, or the application thereof to any person or circumstance, is held invalid, such invalidity shall not affect any
other provisions which can be given effect without the invalid provision or application, and to this end the provisions hereof
shall be severable and the remaining, valid provisions shall remain of full force and effect. This Guaranty shall be deemed
an unconditional obligation of Guarantor for the payment of money and, without limitation to any other remedies of Lenders, may
be enforced against Guarantor by summary proceeding pursuant to New York Civil Procedure Law and Rules Section 3213 or any similar
rule or statute in the jurisdiction where enforcement is sought. For purposes of such rule or statute, any other document or agreement
to which Lenders and Guarantor are parties or which Guarantor delivered to Lenders, which may be convenient or necessary to determine
Lenders’ rights hereunder or Guarantor’s obligations to Lenders are deemed a part of this Guaranty, whether or not
such other document or agreement was delivered together herewith or was executed apart from this Guaranty. Each party hereby
irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection
with this Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail or overnight delivery
(with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such
service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to
limit in any way any right to serve process in any other manner permitted by law. Guarantor irrevocably appoints HVW its true and
lawful agent for service of process upon whom all processes of law and notices may be served and given in the manner described
above; and such service and notice shall be deemed valid personal service and notice upon Guarantor with the same force and validity
as if served upon Guarantor.

 

4.7           Satisfaction
of Obligations. For all purposes of this Guaranty, the payment in full of the Obligations shall be conclusively deemed to have
occurred when the Obligations have been paid pursuant to the terms of the Notes and the Securities Purchase Agreements.

 

4.8           Counterparts/Execution.
This Agreement may be executed in any number of counterparts and by the different signatories hereto on separate counterparts,
each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument.
This Agreement may be executed by facsimile signature and delivered by electronic transmission.

 

[THE BALANCE OF THIS
PAGE HAS BEEN INTENTIONALLY LEFT BLANK]

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the undersigned
have executed and delivered this Guaranty, as of the date first written above.

 

“GUARANTOR”

Attitude Drinks, Inc. 

 

	By:	/s/ Roy Warren	 
	 	By: Roy Warren	 
	 	Its: President	 

 

This Guaranty Agreement may be signed
by facsimile signature and

delivered by confirmed facsimile transmission.

 

    	 

    	 

    

 

SCHEDULE A

 

	SUBSCRIBER AND ADDRESS	 	NOTE

 PRINCIPAL	 
	Alpha Capital Anstalt 
Lettstrasse 32 
9490 Vaduz 
Principality of Liechtenstein 
Fax: + 423 232 31 96	 	$	1,619,375.00	 
	Tarpon Bay Partners LLC 
Executive Pavilion 
90 Grove Street 
Ridgefield CT 06877 
Fax: (203) 431– 8301	 	$	554,791.67	 
	Total	 	$	2,174,166.67Exhibit 10.6

 

EXCHANGE AGREEMENT

 

This Exchange
Agreement (this “Agreement”) is entered into as of April 21, 2015, by and among Attitude Beer Holding
Co, a Delaware corporation (“ABH”), Attitude Drinks, Inc. (“ADI” and
together with ABH the “Debtors”), Alpha Capital Anstalt (“Alpha”) and
Tarpon Bay Partners LLC (“Tarpon” and together with Alpha the “Investors”
and together with the Debtors, the “Parties”).

 

WHEREAS, pursuant to
that certain securities purchase agreement dated December 24, 2014 (the “SPA”) ABH issued to the Investors,
notes set forth on Schedule A (the “ABH Notes”);

 

WHEREAS, pursuant to
that certain security agreement dated December 24, 2014 (the “Security Agreement”) ABH issued to Tarpon,
as collateral agent on behalf of the Investors a security interest in all the assets of ABH (the “Security Interest”);

 

WHEREAS, pursuant to
that certain guaranty dated December 24, 2014 (the “Guaranty”) ADI guaranteed ABH’s obligations
under the Notes;

 

WHEREAS, pursuant to
that certain asset purchase agreement of even date herewith (the “APA”) ADI and the Investors sold to
Harrison Vickers and Waterman Inc., a Nevada corporation (the “HVW”) all the outstanding shares of ABH
so that ABH shall become a fully owned subsidiary of HVW;

 

WHEREAS, pursuant to
the APA, ADI was issued 53,750 shares Series B Preferred Shares issued by HVW (the “Series B Shares”);

 

WHEREAS, pursuant to
the APA, HVW issued to the Investors, notes set forth on Schedule A (the “HVW Notes”);

 

WHEREAS, pursuant to
that certain purchase agreement of even date herewith (the “PA”) HVW Holdings LLC (the “Seller”)
sold to ADI 87,990,000 shares of HVW’s common stock (the “Common Shares”);

 

NOW, THEREFORE, in
consideration of the rights and benefits that they will each receive in connection with this Agreement and the APA, the Parties,
intending to be legally bound, agree as follows:

 

1.     Guaranties.
The Debtors will guaranty the HVW Notes pursuant to a guaranty in the form annexed hereto as Exhibit A (the “HVW Guaranties”).

 

2.     ABH
Security Interest. The obligations of ABH under its HVW Guaranty will be secured under Security Agreement.

 

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3.    ADI
Stock Pledge. The obligations of ADI under its HVW Guaranty will be secured by as pledge of its ownership of the Series
B Shares and Common Shares pursuant to the stock pledge agreement annexed hereto as Exhibit B (the “Pledge”).

 

4.    ABH
Notes. Upon the delivery of the executed HVW Guaranties the Investors will cancel ABH’s obligations under the ABH
Notes and the ABH Notes will be deemed satisfied.

 

5.    Representations
and Warranties of the Debtors. The Debtors hereby represent and warrants to the Investor as of the date hereof as follows:

 

(a)     Organization
and Standing. Each Debtor is a corporation duly organized, validly existing under, and by virtue of, the laws of the State
of Delaware, and is in good standing under such laws. The Debtors have all requisite corporate power and authority to own and operate
its properties and assets and to carry on its business as presently conducted.

 

(b)     Corporate
Power. The Debtors have all requisite legal and corporate power and authority to execute and deliver this Agreement and to
carry out and perform their obligations under the terms of this Agreement and the transactions contemplated hereby.

 

(c)     Authorization.
All corporate action on the part of the Debtors, their officers, directors and stockholders necessary for the authorization, execution,
delivery and performance of this Agreement, and the performance of all of the Debtors’ obligations hereunder have been taken.
This Agreement has been duly executed by the Debtors and constitutes valid and legally binding obligations of the Debtors, enforceable
against the Debtors in accordance with their respective terms, subject to the laws of general application relating to bankruptcy,
insolvency and the relief of debtors and rules of law governing specific performance, injunctive relief or other equitable remedies.

 

6.    Representations
and Warranties of all the Investor. Each Investor, for itself only, hereby represents and warrants as of the date hereof
to the Debtors as follows:

 

(a)     Organization
and Standing. The Investor is either an individual or an entity duly organized, validly existing under, and by virtue of, the
laws of the jurisdiction of its incorporation or formation, and is in good standing under such laws.

 

(b)     Corporate
Power. The Investor has all right, corporate, partnership, limited liability company or similar power and authority to execute
and deliver this Agreement and to carry out and perform its obligations under the terms of this Agreement and the transactions
contemplated hereby.

 

(c)     Investor
Status. The Investor is either: (i) an “accredited investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7)
or (a)(8) under the Securities Act or (ii) a “qualified institutional buyer” as defined in Rule 144A under the Securities
Act. The Investor is not required to be registered as a broker-dealer under Section 15 of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”).

 

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7.    Miscellaneous.

 

(a)     Entire
Agreement. This Agreement, together with the schedules attached hereto, contain the entire understanding of the parties with
respect to the subject matter hereof and supersede all prior agreements and understandings, oral or written with respect to such
matters.

 

(b)     Notices.
All notices, demands requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram or facsimile, addressed as set forth below or to such other address as such party shall have specified
most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed
effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine,
at the address or number designated below (if delivered on a business day during normal business hours where such notice is to
be received), or the first business day following such delivery (if delivered other than on a business day during normal business
hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service,
fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall occur first. The addresses for
such communications shall be: (i) if to the ADI or ABH to c/o Attitude Drinks, Inc., 712 US Highway 1, Suite 200, North Palm Beach,
FL 33408, Attn: Roy Warren, CEO, Fax: (800) 799–5053 and (ii) if to the Investors, to the address and fax number as indicated
on Schedule A, attached hereto.

 

(c)     Amendments;
Waivers. No provision of this Agreement may be waived, modified, supplemented or amended except in a written instrument signed,
in the case of an amendment, by the Company and the Investor, in the case of a waiver, by the party against whom enforcement of
any such waived provision is sought. No waiver with respect to any provision, condition or requirement of this Agreement shall
be deemed to be a continuing waiver in the future or a waiver of any other provision, condition or requirement hereof, nor shall
any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any such right.

 

(d)     Headings.
The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect
any of the provisions hereof.

 

(e)     Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted
assigns.

 

(f)     No
Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective successors
and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

    	- 3 -

    	 

    

 

(g)     Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement and the transactions
contemplated hereby shall be governed by and construed and enforced in accordance with the internal laws of the State of New York,
without regard to the principals of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations,
enforcement and defense of the transactions contemplated by this Agreement (whether brought against a party hereto or its respective
affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state
and federal courts sitting in the City of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the
state and federal courts sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute hereunder or
in connection herewith or the transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not
to assert in any suit, action or proceeding, any claim that it is not venue for such proceeding. Each party hereby irrevocably
waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy
thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect
for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and
notice thereof.

 

(h)     Survival.
The representations and warranties contained herein shall survive the Closing for the applicable statute of limitations.

 

(i)     Execution.
This Agreement may be executed in one or more counterparts, all of which when taken together shall be considered one and the same
agreement, it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered
by facsimile transmission or by email delivery of a “.pdf” format data file, such signature shall create a valid and
binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if
such facsimile or “.pdf” signature was an original thereof.

 

(j)     Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially
reasonable efforts to find and employ, an alternative means to achieve the same or substantially the same result as that contemplated
by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that
they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be
hereafter declared invalid, illegal, void or unenforceable.

 

(k)     Independent
Nature of Investor’ Obligations and Rights. The obligations of the Investors hereunder are several and not joint with
the obligations, and no Investor shall be responsible in any way for the performance or non-performance of the obligations of any
other Investor. Nothing contained herein and no action taken by any Investor hereto shall be deemed to constitute the Investors
as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Investors are in
any way acting in concert or as a group with respect to such obligations or the transactions contemplated hereby.

 

    	- 4 -

    	 

    

 

(l)     Construction.
The parties hereto agree that each of them and/or their respective counsel have reviewed and have had an opportunity to revise
this Agreement and the schedules attached hereto. This Agreement shall be construed according to its fair meaning and not strictly
for or against any party. The word “including” shall be construed to include the words “without limitation.”
In this Agreement, unless the context otherwise requires, references to the singular shall include the plural and vice versa.

 

(m)     WAIVER
OF JURY TRIAL. IN ANY ACTION, SUIT OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE PARTIES
EACH KNOWINGLY ANDINTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY
AND EXPRESSLY WAIVES FOREVER TRAIL BY JURY.

 

[Remainder of page
intentionally left blank]

 

    	- 5 -

    	 

    

 

     IN
WITNESS WHEREOF, the parties have caused this Exchange Agreement to be duly executed and delivered as of the date and year first
written above.

 

DEBTORS

 

	Attitude Beer Holding Co	 	Attitude Drinks, Inc. 
	 	 	 
	/s/ Roy Warren	 	/s/ Roy Warren
	By: Roy Warren	 	By: Roy Warren
	Its: President	 	Its: President

 

INVESTORS

 

	Alpha Capital Anstalt	 	Tarpon Bay Partners LLC
	 	 	 
	/s/ Konrad Ackermann	 	/s/ Stephen M. Hicks
	By: Konrad Ackermann	 	By: Stephen M. Hicks
	Its: Director	 	Its: Managing Member

 

    	 

    	 

    

 

SCHEDULE A

 

	Date	 	Alpha	 	 	Tarpon	 
	12/24/2014	 	$	246,187.50	 	 	$	91,062.50	 
	1/24/2015	 	$	225,000.00	 	 	$	75,000.00	 
	2/24/2015	 	$	225,000.00	 	 	$	75,000.00	 
	2/24/2015	 	$	200,437.50	 	 	$	66,812.50	 
	4/21/2015	 	$	75,000.00	 	 	$	25,000.00	 
	Total	 	$	971,625.00	 	 	$	332,875.00

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