Document:

Exhibit 10.1

 

Haseltine Law Office

 

	 	1629
    K Street, NW Suite 300
	 	Washington,
    DC 20006
	 	703
    627 2652; fax 703 372 5173 
	 	Email:
    william@wbhlaw.net 
	 	 
	 	611
    E Glenoaks Blvd
	 	Glendale,
    CA 91207
	 	818
    291 0661; fax 703 372 5173
	 	URL:
    www.whhlaw.net 

 

LEGAL RETAINER AGREEMENT

 

	Client		FBEC Worldwide, Inc.
 1621 Central Avenue
 Cheyenne, WY 95975

 

This agreement sets forth the terms and conditions of the attorney-client
relationship between Haseltine Law Office ("Counsel") and Client.

 

Legal Services

 

Counsel agrees to perform the following legal services for Client(s):

 

	-		Consultation regarding, drafting of and revision of periodic and other filings with
the Securities and Exchange Commission and other regulatory agencies.

	-		Assuring compliance with all Federal and State corporate and securities laws and regulations.

	-		Drafting contracts and corporate documents as necessary.

	–		Consultation regarding corporate actions, relationships with other corporations and
parties, and potential corporate transactions and offerings.

 

We cannot and do not guarantee particular results.

 

Initial and Monthly Fee

 

Counsel's Initial Fee is $200,000, due and payable at signing of
this Agreement. This Initial Fee will be paid in restricted shares of common stock of Client, valued at 75% of the average closing
price over the past 20 trading days. Client will pay a Monthly Retainer of $2,500. Counsel will not be required to itemize his
hourly fees; performance of the above duties will be assumed and the monthly retainer fee will be deemed appropriate compensation
regardless of actual hours required during the month.

 

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Counsel will travel to various business locations, including the
home offices of Client, as necessary. Counsel will utilize various outside sources as necessary to accomplish Client's goals. You
are responsible for all costs.

 

Term

 

This representation will continue for one year. The payment terms
will be renegotiated after six months. You may terminate this representation at any time. We may terminate this representation
if you make our representation unreasonably difficult by failing to cooperate with us, failing to respond to communications, failing
to cooperate in discovery, failing to be truthful with us, or for other good cause.

 

 

	Agreed:	 
	 	 
	/s/ Robert Sand	/s/ William B. Haseltine
	Robert Sand	William B. Haseltine 
	FBEC Worldwide, Inc.	Haseltine Law Office
	 	 

 

 

June 11, 2015

 

Remittance may be made to :

 

Haseltine Law Office

Capital One Bank

Account #xxxxxxxxxx

ABA #xxxxxxx

 

 

 

    	2Exhibit 10.2

 

NEITHER THIS NOTE NOR THE SECURITIES
THAT MAY BE ISSUED BY THE BORROWER UPON CONVERSION HEREOF (COLLECTIVELY, THE “SECURITIES”) HAVE BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION.
NEITHER THE SECURITIES NOR ANY INTEREST OR PARTICIPATION THEREIN MAY BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED: (i) IN
THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE 1933 ACT, OR APPLICABLE STATE SECURITIES LAWS;
OR (ii) IN THE ABSENCE OF AN OPINION OF COUNSEL, IN A FORM ACCEPTABLE TO THE ISSUER, THAT REGISTRATION IS NOT REQUIRED UNDER THE
1933 ACT OR; (iii) UNLESS SOLD, TRANSFERRED OR ASSIGNED PURSUANT TO RULE 144 UNDER THE 1933 ACT.

 

 

 

8% CONVERTIBLE NOTE

 

Maturity Date of January 14,
2016

 

$200,000 on June 12, 2015 *the
“Issuance Date”

 

 

 

FOR
VALUE RECEIVED, FBEC Worldwide Inc., a Wyoming Corporation (the “Company”)
doing business in California hereby promises to pay to the order of William Haseltine, or its assigns (the “Holder”)
the principal amount of Two Hundred Thousand Dollars ($200,000.00), on demand of the Holder at any time on or after January 14,
2016 (the “Maturity Date”), and to pay interest
on the unpaid principal balance hereof at the rate of Eight Percent (8%) per annum (the “Interest
Rate”) from the date hereof (the “Issuance Date”)
until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise; provided,
that any amount of principal or interest on this Note which is not paid when due shall bear interest at such rate on the unpaid
principal balance hereof plus Default Interest from the due date thereof until the same is paid in full. Interest shall commence
accruing on the Issuance Date, shall be computed on the basis of a 365-day year and the actual number of days elapsed and shall
accrue daily and, after the Maturity Date, compound quarterly.

 

	1.		Payments of Principal and Interest.

 

	a.		Payment of Principal.
On or before the Maturity Date, this note has a cash redemption premium of 135%. The Company has the right to prepay the redemption
premium on or before the Maturity Date. This provision may be exercised without the consent of the Holder. The principal balance
of this Note shall be paid to the Holder hereof on demand.

	b.		Default Interest.
Any amount of principal on this Note which is not paid when due shall bear Eight Percent (8%) interest per annum from the date
thereof until the same is paid (“Default Interest”)
and the Holder, at the Holder’s sole discretion, may include any accrued but unpaid Default Interest in the Conversion Amount.

	c.		General Payment Provisions.
This Note shall be made in lawful money of the United States of America by check to such account as the Holder may from
time to time designate by written notice to the Company in accordance with the provisions of this Note. Whenever any amount expressed
to be due by the terms of this Note is due on any day which is not a Business Day (as defined below), the same shall instead be
due on the next succeeding day which is a Business Day and, in the case of any interest payment date which is not the date on
which this Note is paid in full, the extension of the due date thereof shall not be taken into account for purposes of determining
the amount of interest due on such date. For purposes of this Note, “Business
Day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the State of Wyoming
are authorized or required by law or executive order to remain closed.

 

	2.		Conversion of Note.
At any time prior to the Maturity Date, or after the Maturity Date, the Conversion Amount of this Note shall be convertible into
shares of the Company’s common stock, share (the “Common
Stock”), on the terms and conditions set forth in this Paragraph 2.

 

	a.		Certain Defined Terms.
For purposes of this Note, the following terms shall have the following meanings:

	i.		“Conversion Amount”
means the sum of (A) the principal amount of this Note to be converted with respect to which this determination is being made,
(B) Interest; and (C) Default Interest, if any, on unpaid interest and principal, if so included at the Holder’s sole discretion.

	ii.		“Conversion Price”
means 75% of the average closing price 20 days previous to conversion. This represents a 25% discount to the average closing price
20 days previous to conversion.

 

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	iii.		“Person”
means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization
and a government or any department or agency thereof.

	iv.		“Shares”
means the Shares of the Company into which any balance on this Note may be converted upon submission of a Conversion Notice.

	b.		Holder’s Conversion
Rights. At any time or times on or after the Issuance Date, the Holder shall be entitled to convert all of the outstanding
and unpaid principal amount of this Note into fully paid and non-assessable shares of Common Stock in accordance with the stated
Conversion Price.

	c.		Fractional Shares.
The Company shall not issue any fraction of a share of Common Stock upon any conversion; if such issuance would result in the
issuance of a fraction of a share of Common Stock, the Company shall round such fraction of a share of Common Stock up to the
nearest whole share.

	d.		Conversion Amount.
The Conversion Amount shall be converted pursuant to Rule 144(b)(1)(ii) and Rule 144(d)(1)(ii) as promulgated by the Securities
and Exchange Commission under the Securities Act of 1933, as amended, into free trading shares at the Conversion Price

	e.		Mechanics of Conversion.
The conversion of this Note shall be conducted in the following manner:

	i.		Holder’s Conversion
Requirements. To convert this Note into shares of Common Stock on any date set forth in the Conversion Notice by the Holder
(the “Conversion Date”), the Holder hereof shall transmit
by email, facsimile or otherwise deliver, for receipt on or prior to 11:59 p.m., Eastern Time on such date or on the next business
day, a copy of a fully executed notice of conversion in the form attached hereto as Exhibit 1 (the “Conversion
Date”) to the Company.

	ii.		Company’s Response.
Upon receipt by the Company of a copy of a Conversion Notice, the Company shall as soon as practicable, but in no
event later than one (1) Business Day after receipt of such Conversion Notice, send, via email, facsimile or overnight courier,
a confirmation of receipt of such Conversion Notice to such Holder indicating that the Company will process such Conversion Notice
in accordance with the terms herein. Within two (2) Business Days after the date of the Conversion Confirmation, the Company shall
have issued and electronically transferred the shares to the Broker indicated in the Conversion Notice; should the Company be
unable to transfer the shares electronically, it shall, within two (2) Business Days after the date of the Conversion Confirmation,
have surrendered to FedEx for delivery the next day to the address as specified in the Conversion Notice, a certificate, registered
in the name of the Holder, for the number of shares of Common Stock to which the Holder shall be entitled.

	iii.		Record Holder. The
person or persons entitled to receive the shares of Common Stock issuable upon a conversion of this Note shall be treated for
all purposes as the record holder or holders of such shares of Common Stock on the Conversion Date.

	iv.		Timely Response by Company.
Upon receipt by Company of a Conversion Notice, Company shall respond in a timely manner to Holder by provision within
two business days of the Shares requested in the Conversion Notice.

	v.		Penalty for Delinquent Response.
If Company fails to deliver for whatever reason (including any neglect or failure by, e.g., the Company, its counsel
or the transfer agent) to Holder the Shares as requested in a Conversion Notice and within three business days of the receipt
thereof, there shall accrue a penalty of Additional Shares due to Holder equal to 25% of the number stated in the Conversion Notice
beginning on the Fourth business day after the date of the Notice. The Additional Shares shall be issued and the amount of the
Note retired will not be reduced beyond that stated in the Conversion Notice. Each additional 5 business days beyond the Fourth
business day after the date of this Notice shall accrue an additional 25% penalty for delinquency, without any corresponding reduction
in the amount due under the Note, for so long as Company fails to provide the Shares so demanded.

	vi.		Conversion Right Unconditional.
If the Holder shall provide a Notice of Conversion as provided herein, the Company’s obligations to deliver Common
Stock shall be absolute and unconditional, irrespective of any claim of setoff, counterclaim, recoupment, or alleged breach by
the Holder of any obligation to the Company.

	vii.		Transfer Agent Fees and Legal
Fees. The issuance of the certificates shall be without charge or expense to the Company. The Holder shall pay any and
all Transfer Agent fees, legal fees, and advisory fees required for execution of this Convertible Note and processing of any Notice
of Conversion, including but not limited to the cost of obtaining a legal opinion with regard to the conversion.

 

 

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	3.		Other Rights of Holders:
Reorganization, Reclassification, Consolidation, Merger or Sale. Any recapitalization, reorganization, reclassification,
consolidation, merger, sale of all or substantially all of the Company’s assets to another Person or other transaction which
is effected in such a way that holders of Common Stock are entitled to receive (either directly or upon subsequent liquidation)
stock, securities or assets with respect to or in exchange for Common Stock is referred to herein as “Organic
Change.” Prior to the consummation of any (i) Organic
Change or (ii) other Organic Change following which the Company is not a surviving entity, the Company will secure from the Person
purchasing such assets or the successor resulting from such Organic Change (in each case, the “Acquiring
Entity”) a written agreement (in form and substance reasonably satisfactory to the Holder) to deliver to Holder in
exchange for this Note, a security of the Acquiring Entity evidenced by a written instrument substantially similar in form and
substance to this Note, and reasonably satisfactory to the Holder. Prior to the consummation of any other Organic Change, the
Company shall make appropriate provision (in form and substance reasonably satisfactory to the Holders of a majority of the Conversion
Amount of the Notes then outstanding) to ensure that each of the Holders will thereafter have the right to acquire and receive
in lieu of or in addition to (as the case may be) the shares of Common Stock immediately theretofore acquirable and receivable
upon the conversion of such Holder’s Note, such shares of stock, securities or assets that would have been issued or payable
in such Organic Change with respect to or in exchange for the number of shares of Common Stock which would have been acquirable
and receivable upon the conversion of such Holder’s Note as of the date of such Organic Change (without taking into account
any limitations or restrictions on the convertibility of the Note). All provisions of this Note must be included to the satisfaction
of Holder in any new Note created pursuant to this section.

	4.		Representations and Warranties
of the Company. In connection with the transactions provided for herein, the Company hereby represents and warrants to
the Holders the following.

	a.		Organization, Good Standing
and Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of
the state of its incorporation and has all requisite corporate power and authority to carry on its business as now conducted.
The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify
would have a material adverse effect on its business or properties.

	b.		Authorization. All
corporate action has been taken on the part of the Company, its officers, directors and stockholders necessary for the authorization,
execution and delivery of this Agreement. The Company has taken all corporate action required to make all of the obligations of
the Company reflected in the provisions of this Agreement, valid and enforceable obligations. The shares of capital stock issuable
upon conversion of the Notes have been authorized or will be authorized prior to the issuance of such shares.

	c.		Fiduciary Obligations.
The Company hereby represents that it intends to use the proceeds of the Notes primarily for the operations of its business and
not for any personal, family, or household purpose. The Company hereby represents that its board of directors, in the exercise
of its fiduciary duty, has approved the execution of this Agreement based upon a reasonable belief that the loan provided for
herein is appropriate for the Company after reasonable inquiry concerning its financial objectives and financial situation.

	5.		Covenants of the Company.
So long as the Company shall have any obligations under this Note, the Company shall not without the Holder’s written
consent pay, declare or set apart for such payment any dividend or other distribution (whether in cash, property, or other securities)
on share of capital stock solely in the form of additional shares of Common Stock.

	a.		So long as the Company shall have any obligations under this Note, the Company shall
not without the Holder’s written consent redeem, repurchase, or otherwise acquire (whether for cash or in exchange for property
or other securities) in any one transaction or series of transactions any shares of capital stock of the Company or any warrants,
rights, or options to acquire any such shares.

	b.		So long as the Company shall have any obligations under this Note, the Company has
the right, without the Holder’s written consent, to incur additional liability for borrowed money.

	c.		So long as the Company shall have any obligations under this Note, the Company shall
not without the Holder’s written consent sell, lease, or otherwise dispose of a significant portion of its assets outside
the ordinary course of business. Any consent to the disposition of any assets may be conditioned upon a specified use of the proceeds
thereof.

 

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	6.		Issuance of Common Stock
Equivalents. If the Company, at any time after the Issuance Date, shall issue any securities convertible into or exchangeable
for, directly or indirectly, Common Stock (“Convertible Securities”),
other than the Note, or any rights or warrants or options to purchase any such Common Stock or Convertible Securities, shall be
issued or sold (collectively, the “Common Stock Equivalents”)
and the aggregate of the price per share for which Additional Shares of Common Stock may be issuable thereafter pursuant to such
Common Stock Equivalent, plus the consideration received by the Company for issuance of such Common Stock Equivalent divided by
the number of shares of Common Stock issuable pursuant to such Common Stock Equivalent (the “Aggregate
Per Common Share Price”) shall be less than the applicable Conversion Price then in effect, or if, after any such
issuance of Common Stock Equivalents, the price per share for which Additional Shares of Common Stock may be issuable thereafter
is amended or adjusted, and such price as so amended shall make the Aggregate Per Share Common Price be less than the applicable
Conversion Price in effect at the time of such amendment or adjustment, then the applicable Conversion Price upon each such issuance
or amendment shall be adjusted on the basis that (1) the maximum number of Additional Shares of Common Stock issuable pursuant
to all such Common Stock Equivalents shall be deemed to have been issued (whether or not such Common Stock Equivalents are actually
then exercisable, convertible or exchangeable in whole or in part) as of the earlier of (A) the date on which the Company shall
enter into a firm contract for the issuance of such Common Stock Equivalent, or (B) the date of actual issuance of such Common
Stock Equivalent. No adjustment of the applicable Conversion Price shall be made under this subsection (vii) upon the issuance
of any Convertible Security which is issued pursuant to the exercise of any warrants or other subscription or purchase rights
therefor, if any adjustment shall previously have been made to the exercise price of such warrants then in effect upon the issuance
of such warrants or other rights pursuant to this subsection (vii). No adjustment shall be made to the Conversion Price upon the
issuance of Common Stock pursuant to the exercise, conversion or exchange of any Convertible Security or Common Stock Equivalent
where an adjustment to the Conversion Price was made as a result of the issuance or purchase of any Convertible Security or Common
Stock Equivalent.

	7.		Reservation of Shares.
The Company shall at all times, so long as any principal amount of the Note is outstanding, reserve and keep available out of
its authorized and unissued Common Stock, solely for the purpose of effecting the conversion of the Note, such number of
shares of Common Stock as shall at all times be sufficient to effect the conversion of all of the principal amount of the
Note then outstanding. The initial number of shares of Common Stock reserved for conversions of the Notes shall be calculated
as four times the number of shares necessary to convert the entire value of the Note on the day it was executed, and each increase
in the number of shares so reserved shall be allocated pro rata among the Holders of the Note based on the principal and interest
amount of the Notes held by each Holder at the time of issuance of the Notes or increase in the number of reserved shares, as
the case may be. In the event a Holder shall sell or otherwise transfer any of such Holder’s Note, each transferee shall
be allocated a pro rata portion of the number of reserved shares of Common Stock reserved for such transferor. Any shares of Common
Stock reserved and allocated to any Person which ceases to hold any Note shall be allocated to the remaining Holders, pro rata
based on the principal amount of the Note then held by such Holders.

	8.		Voting Rights. Holders
of this Note shall have no voting rights, except as required by law.

	9.		Reissuance of Note.
In the event of a conversion or redemption pursuant to this Note of less than all of the Conversion Amount represented by this
Note, the Company shall promptly cause to be issued and delivered to the Holder, upon tender by the Holder of the Note converted
or redeemed, a new note of like tenor representing the remaining principal amount of this Note which has not been so converted
or redeemed and which is in substantially the same form as this Note, as set forth above.

	10.		Default and Remedies.

	a.		Event of Default.
An “Event of Default”
is: (i) default for ten (10) days in payment of interest or Default Interest on this Note; (ii) default in payment of the
principal amount of this Note when due; (iii) failure by the Company for thirty (30) days after notice to it to comply with any
other material provision of this Note; (iv) breach of any covenants, warranties, or representations by the Company herein; (v)
cessation of operations by the Company or a material subsidiary; (vi) if the Company pursuant to or within the meaning of any
Bankruptcy Law; (A) commences a voluntary case; (B) consents to the entry of an order for relief against it in an involuntary
case; (C) consents to the appointment of a Custodian of it or for all or substantially all of its property; (D) makes a general
assignment for the benefit of its creditors; or (E) admits in writing that it is generally unable to pay its debts as the same
become due; or (vi) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: (I) is for relief
against the Company in an involuntary case; (2) appoints a Custodian of the Company or for all or substantially all of its property;
or (3) orders the liquidation of the Company or any subsidiary, and the order or decree remains unstayed and in effect for thirty
(30) days. The Term “Bankruptcy Law” means Title 11,
U.S. Code, or any similar Federal or State Law for the relief of debtors. The term “Custodian”
means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

	b.		Remedies. If an Event
of Default occurs and is continuing, the Holder of this Note may declare all of this Note, including any interest and Default
Interest and other amounts due, to be due and payable immediately.

 

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	11.		Vote to Change the Terms
of this Note. This Note and any provision hereof may only be amended by an instrument in writing signed by the Company
and holders of a majority of the aggregate Conversion Amount of the Notes then outstanding.

	12.		Lost or Stolen Note.
Upon receipt by the Company of evidence satisfactory to the Company of the loss, theft, destruction or mutilation of this Note,
and, in the case of loss, theft or destruction, of an indemnification undertaking by the Holder to the Company in a form reasonably
acceptable to the Company and, in the case of mutilation, upon surrender and cancellation of the Notes, the Company shall execute
and deliver a new Note of like tenor and date and in substantially the same form as this Note; provided, however, the Company
shall not be obligated to re-issue a Note if the Holder contemporaneously requests the Company to convert such remaining principal
amount into Common Stock.

	13.		Payment of Collection, Enforcement
and Other Costs. If: (i) this Note is placed in the hands of an attorney for collection or enforcement or is collected
or enforced through any legal proceeding; or (ii) an attorney is retained to represent the Holder of this Note in any bankruptcy,
reorganization, receivership or other proceedings affecting creditors’ rights and involving a claim under this Note, then
the Company shall pay to the Holder all reasonable attorneys’ fees, costs and expenses incurred in connection therewith,
in addition to all other amounts due hereunder.

	14.		Cancellation. After
all principal and accrued interest at any time owed on this Note has been paid in full, this Note shall automatically be deemed
canceled, shall be surrendered to the Company for cancellation and shall not be reissued.

	15.		Waiver of Notice.
To the extent permitted by law, the Company hereby waives demand, notice, protest and all other demands and notices in connection
with the delivery, acceptance, performance, default or enforcement of this Note.

	16.		Governing Law. This
Note shall be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation
and performance of this Note shall be governed by, the laws of the State of Wyoming, without giving effect to provisions thereof
regarding conflict of laws. Each party hereby irrevocably submits to the non-exclusive jurisdiction of the state and federal courts
sitting in Wyoming for the adjudication of any dispute hereunder or in connection herewith or with any 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 personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an
inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal
service of process and consents to process being served in any such suit, action or proceeding by sending by certified mail or
overnight courier a copy thereof to such party at the address for such 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 manner permitted by law. EACH
PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

	17.		Remedies, Characterizations,
Other Obligations, Breaches and Injunctive Relief. The remedies provided in this Note shall be cumulative and in addition
to all other remedies available under this Note, at law or in equity (including a decree of specific performance and/or other
injunctive relief), and no remedy contained herein shall be deemed a waiver of compliance with the provisions giving rise to such
remedy and nothing herein shall limit a Holder’s right to pursue actual damages for any failure by the Company to comply
with the terms of this Note. The Company covenants to each Holder of Notes that there shall be no characterization concerning
this instrument other than as expressly provided herein. Amounts set forth or provided for herein with respect to payments, conversion
and the like (and the computation thereof) shall be the amounts to be received by the Holder thereof and shall not, except as
expressly provided herein, be subject to any other obligation of the Company (or the performance thereof).

 

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	18.		Specific Shall Not Limit
General; Construction. No specific provision contained in this Note shall limit or modify any more general provision contained
herein. This Note shall be deemed to be jointly drafted by the Company and all Holders and shall not be construed against any
person as the drafter hereof.

	19.		Failure or Indulgence Not
Waiver. No failure or delay on the part of this Note in the exercise of any power, right or privilege hereunder shall operate
as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further
exercise thereof or of any other right, power or privilege.

	20.		Partial Payment. In
the event of partial payment by the Holder, the principal sum due to the Holder shall be prorated based on the consideration
actually paid by lender such that the company is only required to repay the amount funded and the company is not required to repay
any unfunded portion of this note.

	21.		Entire Agreement.
This Agreement constitutes the full and entire understanding and agreement between the parties with regard to the subjects herein.
 None of the terms of this Agreement can be waived or modified, except by an express agreement signed by the Parties.

	22.		Representations and Warranties.
The Company expressly acknowledges that the Holder, including but not limited to its officer, directors, employees, agents,
and affiliates, have not made any representation or warranty to it outside the terms of this Agreement. The Company further acknowledges
that there have been no representations or warranties about future financing or subsequent transactions between the parties.

	23.		Notices. All notices
and other communications given or made to the Company pursuant hereto shall be in writing (including facsimile or similar electronic
transmissions) and shall be deemed effectively given:  (i) upon personal delivery, (ii) when sent by electronic mail or facsimile,
as deemed received by the close of business on the date sent, (iii) five (5) days after having been sent by registered or certified
mail, return receipt requested, postage prepaid or (iv) one (1) day after deposit with a nationally recognized overnight courier,
specifying next day delivery.  All communications shall be sent either by email, or fax, or to the address specified on the
signature page. The physical address, email address, and phone number provided on the signature page shall be considered valid
pursuant to the above stipulations; should the Company’s contact information change from that listed on the signature page,
it is incumbent on the Company to inform the Holder.

	24.		Severability. If one
or more provisions of this Agreement are held to be unenforceable under applicable law, such provision shall be excluded from
this Agreement and the rest of the Agreement shall be enforceable in accordance with its terms.

	25.		Usury. If it shall
be found that any interest or other amount deemed interest due hereunder violates the applicable law governing usury, the applicable
rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under applicable
law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage of any
law that would prohibit or forgive the Company from paying all or a portion of the principal or interest on this Note.

	26.		Successors and Assigns.
This Agreement shall be binding upon successors and assigns.

 

— SIGNATURE
PAGE TO FOLLOW —

 

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IN
WITNESS WHEREOF, the Company has caused this Note to be signed by its CEO, on and as of the Issuance Date. 

 

COMPANY: FBEC Worldwide, Inc.

 

/s/ Robert S. Sand

Signature

 

	By:	Robert S. Sand
	 	 
	Title:	CEO
	 	 
	Address: 	16639 Rocker Rd
	 	Rough and Ready, CA 95975
	 	 
	Email: 	Robert@fbecworldwide.com
	 	 
	Phone:	714-330-3798

 

 

 HOLDER:

 

 

 

Signature:

 

/s/ William Haseltine

William Haseltine

1629 K. Street, NW Suite 300

Washington, D.C. 20006

 

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Exhibit 1

Conversion Notice

 

Reference is made to the Convertible Note issued
by FBEC Worldwide Inc. (the "Note"), dated June 12, 2015 in the principal amount of $200,000.00 with 8% interest. This
note currently holds a principal balance of $200,000.00 and accrued interest in the amount of $_______. The features of conversion
stipulate a Conversion Price of 75% of the average closing price to the previous 20 days at time of conversion.

 

In accordance with and pursuant to the Note,
the undersigned hereby elects to convert $______ of the PRINCIPAL/INTEREST balance of the Note, indicated below into shares
of Common Stock (the "Common Stock"), of the Company, by tendering the Note specified as of the date specified below.

 

Date of Conversion: __________

 

Please confirm the following information:

 

Conversion Amount: $ ____________________

 

Conversion Price: $ ____________________ (
____ % discount from $ ____________________)

 

Number of Common Stock to be issued: ____________________________________________

 

Current Issued/Outstanding: _____________________________________________________

 

Please issue the common stock into which
the note is being converted in the name of the Holder of the Note and transfer the shares electronically to:

 

[BROKER INFORMATION]

 

Holder Authorization:

William Haseltine

1629 K. Street, NW Suite 300

Washington, D.C. 20006

 

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    	7

    	 

    

 

PLEASE
BE ADVISED, pursuant to Section 2(e)(2) of the Note, “Upon receipt by the Company of a copy of the Conversion Notice,
the Company shall as soon as practicable, but in no event later than one (1) Business Day after receipt of such Conversion
Notice, SEND, VIA EMAIL, FACSIMILE OR OVERNIGHT COURIER, A CONFIRMATION
OF RECEIPT OF SUCH CONVERSION NOTICE TO SUCH HOLDER INDICATING THAT THE COMPANY WILL PROCESS SUCH CONVERSION NOTICE in accordance
with the terms herein. Within two (2) Business Days after the date of the Conversion Confirmation, the Company shall have issued
and electronically transferred the shares to the Broker indicated in the Conversion Notice; should the Company be unable to transfer
the shares electronically, they shall, within two (2) Business Days after the date of the Conversion Confirmation, have surrendered
to FedEx for delivery the next day to the address as specified in the Conversion Notice, a certificate, registered in the name
of the Holder, for the number of shares of Common Stock to which the Holder shall be entitled.”

 

Signature:

 

 

 /s/ Robert S. Sand

Robert S. Sand, CEO

FBEC Worldwide, Inc.

 

    	8

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