Document:

Exhibit
10.10

 

ASSIGNMENT
AND ASSUMPTION AGREEMENT

 

THIS
AGREEMENT is made as of the Effective Date below by and between the John Bianco ("Assignor" or the “Company")
and the Redwood Management, LLC. ("Assignee" and with Assignor, the "Parties") and is joined
in by the subject trading company, NYBD Holding, Inc. (NYBD) on the signature page hereof, for the express purpose stated below.

 

W
I T N E S E T H:

 

WHEREAS,
the Assignor holds debt in the aggregate principal amount of $125,000 plus interest as stated on the signature page (the "Debt")
in the trading company identified below, which Debt arose over 6 months past and; and

 

WHEREAS,
the Assignor wishes to assign and transfer its rights in the Debt to the Assignee and the Assignee wishes to accept such assignment,
all subject to the terms and conditions herein;

 

NOW,
THEREFORE, in consideration of the foregoing premises and the mutual covenants contained herein, and for other good and valuable
considerations, the receipt and sufficiency of which are hereby acknowledged, the Parties and trading company agree as follows:

 

	1.	Nature of Debt, Assignment of
                                                                                                                Debt. A. The Assignor represents that the Assignor is not and has not been, in officer. Director or 10% or more
                                                                                                                shareholder of the trading company (NYBD) and in acting as a non affiliate is not restricted from assigning this Debt and
                                                                                                                also the Debt is a non contingent liquidated obligation owed to it, and that there are no obligations or liabilities of any
                                                                                                                kind remaining due from the Assignor that would be a condition to the validity or collection of the Debt and that the
                                                                                                                Assignee by purchasing such Debt does not become obligated to perform any of the past agreements, if any, of any nature,
                                                                                                                owed                                                                                                                 by the
                                                                                                                Assignor to the trading company. Assignor also represents that from the time the Debt was created, regardless of how
                                                                                                                it was documented at that time or subsequently, the Assignor, with the cooperation of the trading company, did obtain a
                                                                                                                consolidation of the Debt into a promissory note, debenture or similar instrument. Subject to the terms and conditions set
                                                                                                                forth herein, Assignor hereby assigns and transfers to Assignee, and Assignee hereby purchases and acquires from Assignor,
                                                                                                                the Debt, confirmation by NYBD of which is attached hereto as Attachment A, including all rights. As consideration for such
                                                                                                                Assignment, Assignee shall pay Assignor the amount on the signature page hereof being the "Assignment Payment," no later
                                                                                                                than November 29, 2013 ("Due Date").
                                                                                                                In                                                                                                                   no
                                                                                                                event                                                                                                                 is
                                                                                                                the                                                                                                                 Assignee
                                                                                                                required to investigate or verify the Debt or supportive documents since it is a commercial
                                                                                                                representation by the Assignor that the Debt is real and support is true and complete.

 

    	 

    	 

    

 

	2.	Assignor Bound. Assignor
hereby accepts the foregoing assignment and transfer and promises to be bound by and upon all the covenants, agreements, terms
and conditions set forth herein.

 

	3.	Benefit
                                         and Assignments. This Agreement shall be binding upon and inure to the benefit of
                                         the Parties hereto and their respective successors and assigns; provided that no party,
                                         except Assignee and only respect to the debt, shall assign or transfer all or any portion
                                         of this Agreement without the prior written consent of the other party, and any such
                                         attempted assignment shall be null and void and of no force or effect.

 

	4.	Representations.
                                         Assignor warrants and represents that it/he/she has good title to said Debt, full authority
                                         to sell and transfer same, that any shareholder or Board of Director approval of the
                                         Assignor has been obtained and that said Debt is being sold free and clear of all liens,
                                         encumbrances, liabilities and adverse claims, of every nature and description. Assignor
                                         further warrants that it shall fully defend, protect, indemnify and save harmless the
                                         Assignee and its lawful successors and assigns from any and all adverse claim, that may
                                         be made by any party against said Debt.

 

	5.	Waiver.
                                         Any party hereto shall have the right to waive compliance by the other of any term, condition
                                         or covenant contained herein. Such waiver shall not constitute a waiver of any subsequent
                                         failure to comply with the same or any different term, condition or  covenant.

 

	6.	Applicable Law and Venue.
The laws of the State of Florida, without reference to conflict of laws principles, shall govern this Agreement.

 

	7.	Further
Representations. The Assignee and Assignor represent they are both (1) an "accredited investor” within the meaning
of Rule 501 of Regulation D promulgated in relation to the Securities Act of 1933, as amended, and (2) sophisticated and experienced
in making investments, and (3) capable, by reason of their business and financial experience, of evaluating the relative merits
and risks of an investment in the securities, and (4) they are able to afford the loss of investment in the securities. Wherever
the context shall require, all words herein the masculine gender shall be deemed to include the feminine or neuter gender, all
singular words shall include the plural, and all plural shall include the singular. From and after the date of this Agreement,
Assignor and Assignee as well as the company NYBD agrees to execute whatever additional documentation or instruments as are necessary
to carry out the intent and purposes of this Agreement or to comply with any law. The failure of any party at any time
to insist upon strict performance of any condition, promise, agreement or understanding set forth herein, shall not be construed
as a waiver or relinquishment of any other condition, promise, agreement or understanding set forth herein or of the right to
insist upon strict performance of such waived condition, promise, agreement or understanding at any other time. Except as otherwise
provided herein, each party hereto shall bear all expenses incurred by each such party in connection with this Agreement and in
the consummation of the transactions contemplated hereby and in preparation thereof. This Agreement may only be amended or modified
at any time, and from time to time, in writing, executed by the parties hereto. Any notice, communication, request, reply or advice
(hereinafter severally and collectively called "Notice") in this Agreement provided or permitted to be given, shall
be made or be served by delivering same by overnight mail or by delivering the same by a hand-delivery service, such Notice shall
be deemed given when so delivered. For all purposes of Notice, the addresses of the parties shall be the last known address of
the party, as set forth of the signature page hereof.

 

    	2

    	 

    

 

	8.	Headings. The paragraph
headings of this Agreement are for convenience of reference only and do not form a part of the terms and conditions of this Agreement
or give full notice thereof.

 

	9.	Severability. Any provision
hereof that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability, without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

	10.	Entire Agreement.
                                                                                                                 This Agreement contains the entire understanding between the parties, no other representations, warranties or covenants
                                                                                                                 having induced either party to execute this Agreement, and supersedes all prior or contemporaneous agreements with respect
                                                                                                                 to                                                                                                                  the
                                                                                                                 subject matter hereof. This Agreement may not be amended or modified in any manner except by a written agreement duly
                                                                                                                 executed by the party to be charged, and any attempted amendment or modification to the contrary shall   be null and void
                                                                                                                 and                                                                                                                  of no
                                                                                                                 force or effect.

 

	11.	Joint Drafting. The
parties agree that this Agreement hereto shall be deemed to have been drafted jointly by all parties hereto, and no construction
shall be made other than with the presumption of such joint drafting.

 

This
Agreement may be executed by the parties hereto in one or more counterparts, each of which shall be deemed an original and which
together shall constitute one and the same instrument. In lieu of the original documents, a facsimile transmission or copy of
the original documents shall also be as effective and enforceable as the original.

 

	12.	It
                                         is hereby agreed that in the event the Assignment Payment noted above is not paid by
                                         Bank transfer within 7 days of the Due Date, for any reason, then at the option of the
                                         Assignor this agreement may be immediately cancelled and sent to Redwood Management LLC
                                         in writing to reflect an assignment amount of the amount actually paid to date of cancellation.
                                         Upon written cancellation of assignment made under this agreement, the debt, including
                                         the note evidencing the debt will revert back to the Assignor and the Assignor has the
                                         right to treat this Agreement as rescinded and to revert to all its rights under the
                                         Assigned Loan Agreement. Upon the rescission of this Agreement, Assignor shall maintain
                                         any and all rights against NYBD.

 

    	3

    	 

    

 

Each
of the parties hereto has caused this Assignment and Assumption Agreement to be executed of Effective Date below.

 

Effective
Date: 11/29/13

 

Amount
of Debt: $125,000 Promissory note dated February 14th, 2013

Purchase
Price: $50,000

Payable
as follows: $50,000 upon, execution, by the Due Date.

 

Name
of Trading Company: NYBD Holding, Inc. (NYBD)

 

Name
of Assignor: John Bianco

 

Name
of Assignee: Redwood Management, LLC

 

	Assignee:	 	Assignor: 
	 	 	 	 	 
	Redwood
    Management, LLC	 	John
    Bianco 
	16850
    Collins Ave Ste 112-341	 	7232
    Lavra Lee Lane
	Sunny
    Isles, FL 33160	 	Seven
    Hills, OH 44131
	 	 	 
	By:	/s/
    Gary Rogers	 	By:	/s/
    John Bianco
	Gary
    Rogers	 	John
    Bianco 
	Manager	 	An
    Individual

 

The
undersigned trading Company hereby joins in for the following express purposes: it hereby agrees and confirms the statements as
to the past and current nature or the Debt and relationship with the Assignor is true and complete, and that it approves of the
Assignment stated above and has all necessary Board of DirectorShareholder approval, if any, needed.

 

NYBD
Holding, Inc.

2600
West Olive Avenue St

Burbank,
CA 91505

 

	By:
	/s/
    Robert Rico	 
	Robert Rico	 
	CEO	 

 

Effective
Date: 11/29/13

 

 

 

4Exhibit 10.11

 

NEITHER
THESE SECURITIES NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO,
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A
LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.
THESE SECURITIES AND THE SECURITIES ISSUABLE UPON CONVERSION OF THESE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE
MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

Date
of Issuance: 11/29/13

 

$50,000

 

10%
CONVERTIBLE DEBENTURE

DUE
5/29/14

 

THIS
DEBENTURE is a duly authorized and issued 10% Convertible Debenture of NYBD Holding, Inc. having a principal place of business
at 2500 West Olive Avenue 5F Burbank, CA 91505 (the "Company"), due 5/29/14 (the "Debenture").

 

FOR
VALUE RECEIVED, the Company promises to pay to REDWOOD MANAGEMENT, LLC or its registered assigns (the "Holder"), the
principal sum of $50,000 plus interest on 5/29/14 or such earlier date as the Debentures are required or permitted to be repaid
as provided hereunder (the "Maturity Date"), and to pay interest to the Holder on the aggregate unconverted and then
outstanding principal amount of this Debenture at the rate of (10%) Ten percent guaranteed interest payable regardless of how
long the debenture remains outstanding, unless the Debenture is converted to shares of common stock in accordance with the terms
and conditions herein. This Debenture shall also have an original issue discount of five percent (5%) from the stated Principal
Amount.

 

The Holder
will pay $50,000 upon execution.

 

THE
COMPANY MAY PREPAY ANY PORTION OF THE PRINCIPAL AMOUNT AT 130% OF SUCH AMOUNT ALONG WITH ANY ACCRUED INTEREST OF THIS DEBENTURE
AT ANY TIME UPON SEVEN DAYS WRITTEN NOTICE TO THE HOLDER

 

    	1

    	 

    

 

This
Debenture is subject to the following additional provisions:

 

Section
1. DENOMINATIONS. This Debenture is exchangeable for an equal aggregate principal amount of Debentures of different authorized
denominations, as requested by the Holder surrendering the same. No service charge will be made for such registration of transfer
or exchange.

 

Section
2. TRANSFER. This Debenture may be transferred or exchanged only in compliance with applicable federal and state securities laws
and regulations. Prior to due presentment to the Company for transfer of this Debenture, the Company and any agent of the Company
may treat the Person in whose name this Debenture is duly registered on the Debenture Register as the owner hereof for the purpose
of receiving payment as herein provided and for all other purposes, whether or not this Debenture is overdue, and neither the
Company nor any such agent shall be affected by notice to the contrary.

 

Section
3. EVENTS OF DEFAULT.

 

(a)
"Event of Default", wherever used herein, means any one of the following events (whatever the reason and whether it
shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or
any order, rule or regulation of any administrative or governmental body):

 

(i)any
default in the payment of the principal of, interest (including Late Fees) on, or liquidated damages in respect to this Debenture,
free of any claim of subordination, as and when the same shall become due and payable (whether on a Conversion Date or the Maturity
Date or by acceleration or otherwise) which default is not cured, if possible to cure, within 3 days of notice of such default
sent by the Holder;

 

(ii)the
Company or any of its subsidiaries shall commence, or there shall be commenced against the Company or any such subsidiary a case
under any applicable bankruptcy or insolvency laws as now or hereafter in effect or any successor thereto, or the Company commences
any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or
liquidation or similar law of any jurisdiction whether now or hereafter in effect relating to the Company or any subsidiary thereof
or there is commenced against the Company or any subsidiary thereof any such bankruptcy, insolvency or other proceeding which
remains undismissed for a period of 60 days; or the Company or any subsidiary thereof is adjudicated insolvent or bankrupt; or
any order of relief or other order approving any such case or proceeding is entered; or the Company or any subsidiary thereof
suffers any appointment of any custodian or the like for it or any substantial part of its property which continues undischarged
or unstayed for a period of 60 days; or the Company or any subsidiary thereof makes a general assignment for the benefit of creditors;
or the Company shall fail to pay, or shall state that it is unable to pay, or shall be unable to pay, its debts generally as they
become due; or the Company or any subsidiary thereof shall call a meeting of its creditors with a view to arranging a composition,
adjustment or restructuring of its debts; or the Company or any subsidiary thereof shall by any act or failure to act expressly
indicate its consent to, approval of or acquiescence in any of the foregoing; or any corporate or other action is taken by the
Company or any subsidiary thereof for the purpose of effecting any of the foregoing; or

 

    	2

    	 

    

 

(iii)the
Company shall fail to timely file all reports required to be filed by it with the SEC pursuant to Section 13 or 15(d) of the Securities
and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise required by the Exchange Act.

 

(iv)the
material breach of any promise or representation in this Agreement and or related representation or agreement made by the COMPANY
and or any of its officers, which shall include, without limitation, the failure to deliver shares of common stock due CLAIMANT
on a conversion within three Business Days from the date of conversion or sooner, which delivery must be otherwise made per reasonable
specifications of the CLAIMANT (e.g. to brokerage firm account).

 

If
the COMPANY fails to perform hereunder by delivering Shares or paying Principal and or Interest within 3 Business Days of said
being due, then for the first up to 30 calendar days from the due date of said performance, the COMPANY shall also owe payable
immediately an amount equal to $1,000 per day as a reasonable "Late Fee" in addition to any other damages and reasonable
attorney fees and costs payable, to cover, on a non accountable basis, the time, expense, efforts and or distress of the CLAIMANT
having to focus its management, advisors, and counselors on the matter of the COMPANY failing to honor its written obligations,
and said figure is deemed a reasonable liquidated damages provision and is not an election of remedy and is non exclusive so the
CLAIMANT can add and pursue all rights otherwise.

 

(b)If
any Event of Default occurs and is continuing, the full principal amount of this Debenture, together with interest and other amounts
owing in respect thereof, to the date of acceleration shall become at the Holder's election, immediately due and payable in cash..
The Holder need not provide and the Company hereby waives any presentment, demand, protest or other notice of any kind, and the
Holder may immediately and without expiration of any grace period enforce any and all of its rights and remedies hereunder and
all other remedies available to it under applicable law. Such declaration may be rescinded and annulled by Holder at any time
prior to payment hereunder and the Holder shall have all rights as a Debenture holder until such time, if any, as the full payment
under this Section shall have been received by it. No such rescission or annulment shall affect any subsequent Event of Default
or impair any right consequent thereon.

 

(c)It
is hereby agreed that in the event any Installment Payment noted above is not paid by Bank transfer within 15 days of any Due
Date, for any reason, then at the option of the Company this agreement may be cancelled and sent to Redwood Management LLC in
writing to reflect the amount actually paid to date of cancellation. Upon cancellation made under this agreement, the Debenture
will adjust to reflect monies actually paid. Upon cancellation holder is released from any liability.

 

    	3

    	 

    

 

Section
4. Conversion.

 

(a)
(i) Holder's Conversion Right. At any time after the Original Issue Date until this Debenture is no longer outstanding, this Debenture,
including interest and principal, shall be convertible into shares of Common Stock at a price of Fifty Percent (50%) of the lowest
traded price, determined on the then current trading market for the Company's common stock, for 20 trading days prior to conversion
(the "Set Price") at the option of the Holder, in whole at any time and from time to time. The Holder shall effect conversions
by delivering to the Company the form of Notice of Conversion attached hereto as Exhibit B ("Notice of Conversion"),
specifying the date c,)on which such conversion is to be effected (a "Conversion Date"). If no Conversion Date is specified
in a Notice of Conversion, the Conversion Date shall be the date that such Notice of Conversion is provided hereunder. To effect
conversions hereunder, the Holder shall not be required to physically surrender Debentures to the Company. The Company shall deliver
any objection to any Notice of Conversion within TWO (2) Business Days of receipt of such notice. In the event of any dispute
or discrepancy, the records of the Holder shall be controlling and determinative in the absence of manifest error. If the Company
does not request the issuance of the shares underlying this Debenture after receipt of a Notice of Conversion within TWO (2) Business
days following the period allowed for any objection, the Company shall be responsible for any differential in the value of the
converted shares underlying this Debenture between the value of the closing price on the date the shares should have been delivered
and the date the shares are delivered. In addition, if the COMPANY fails to timely (within 72 hours, 3 business days), deliver
the shares per the instructions of the CLAIMANT, free and clear of all legends in legal free trading form, the COMPANY shall allow
CLAIMANT to add two (2) days to the lookback (the mechanism used to obtain the conversion price along with discount) for each
day the COMPANY fails to timely (within 72 hours, 3 business days)) deliver shares, on the next conversion.

 

The
Holder and any assignee, by acceptance of this Debenture, acknowledge and agree that, by reason of the provisions of this paragraph,
following conversion of a portion of this Debenture, the unpaid and unconverted principal amount of this Debenture may be less
than the amount stated on the face hereof. Any Opinion Letter required to effectuate the issuance of the shares pursuant to this
Paragraph 4(a) and the Notice of Conversion shall be provided and issued by Company. The Holder may use another attorney in it's
sole discretion for the opinion. The parties hereby agree that the company will cover all legal costs associated with the issuance
of the Opinion Letter to the Transfer Agent.

 

(ii)If
the Company, at any time while this Debenture is outstanding: (A) shall pay a stock dividend or otherwise make a distribution
or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable in shares of Common
Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company pursuant to this Debenture,
including as interest thereon), (B) subdivide outstanding shares of Common Stock into a larger number of shares, (C) combine (including
by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or (D) issue by reclassification
of shares of the Common Stock any shares of capital stock of the Company, then the Set Price shall be multiplied by a fraction
of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding before such
event and of which the denominator shall be the number of shares of Common Stock outstanding after such event. Any adjustment
made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders entitled
to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision,
combination or re-classification.

 

(iii)Whenever
the Set Price is adjusted pursuant to any of Section 4, the Company shall promptly mail to each Holder a notice setting forth
the Set Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.

 

    	4

    	 

    

 

(iv)If
(A) the Company shall declare a dividend (or any other distribution) on the Common Stock; (B) the Company shall declare a special
nonrecurring cash dividend on or a redemption of the Common Stock; (C) the Company shall authorize the granting to all holders
of the Common Stock rights or warrants to subscribe for or purchase any shares of capital stock of any class or of any rights;
(D) the approval of any stockholders of the Company shall be required in connection with any reclassification of the Common Stock,
any consolidation or merger to which the Company is a party, any sale or transfer of all or substantially all of the assets of
the Company, of any compulsory share exchange whereby the Common Stock is converted into other securities, cash or property; (E)
the Company shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company;
then, in each case, the Company shall cause to be filed at each office or agency maintained for the purpose of conversion of the
Debentures, and shall cause to be mailed to the Holders at their last addresses as they shall appear upon the stock books of the
Company, at least 20 calendar days prior to the applicable record or effective date hereinafter specified, a notice stating (x)
the date on which a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if
a record is not to be taken, the date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions,
redemption, rights or warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale,
transfer or share exchange is expected to become effective or close, and the date as of which it is expected that holders of the
Common Stock of record shall be entitled to exchange their shares of the Common Stock for securities, cash or other property deliverable
upon such reclassification, consolidation, merger, sale, transfer or share exchange; provided, that the failure to mail such notice
or any defect therein or in the mailing thereof shall not affect the validity of the corporate action required to be specified
in such notice. Holders are entitled to convert Debentures during the 20-day period commencing the date of such notice to the
effective date of the event triggering such notice.

 

(v)If,
at any time while this Debenture is outstanding, (A) the Company effects any merger or consolidation of the Company with or into
another Person, (B) the Company effects any sale of all or substantially all of its assets in one or a series of related transactions,
(C) any tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which holders of Common
Stock are permitted to tender or exchange their shares for other securities, cash or property, or (D) the Company effects any
reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted
into or exchanged for other securities, cash or property (in any such case, a "Fundamental Transaction"), then upon
any subsequent conversion of this Debenture, the Holder shall have the right to receive, for each Underlying Share that would
have been issuable upon such conversion absent such Fundamental Transaction, the same kind and amount of securities, cash or property
as it would have been entitled to receive upon the occurrence of such Fundamental Transaction if it had been, immediately prior
to such Fundamental Transaction, the holder of one share of Common Stock (the "Alternate Consideration"). For purposes
of any such conversion, the determination of the Set Price shall be appropriately adjusted to apply to such Alternate Consideration
based on the amount of Alternate Consideration issuable in respect of one share of Common Stock in such Fundamental Transaction,
and the Company shall apportion the Set Price among the Alternate Consideration in a reasonable manner reflecting the relative
value of any different components of the Alternate Consideration. If holders of Common Stock are given any choice as to the securities,
cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate
consideration it receives upon any conversion of this Debenture following such Fundamental Transaction. To the extent necessary
to effectuate the foregoing provisions, any successor to the Company or surviving entity in such Fundamental Transaction shall
issue to the Holder a new debenture consistent with the foregoing provisions andevidencing the Holder's right to convert such
debenture into Alternate Consideration. The terms of any agreement pursuant to which a Fundamental Transaction is affected shall
include terms requiring any such successor or surviving entity to comply with the provisions of this paragraph and insuring that
this Debenture (or any such replacement security) will be similarly adjusted upon any subsequent transaction analogous to a Fundamental
Transaction. If any Fundamental Transaction constitutes or results in a Change of Control Transaction, then at the request of
the Holder delivered before the 90th day after such Fundamental Transaction, the Company (or any such successor or
surviving entity) will purchase the Debenture from the Holder for a purchase price, payable in cash within 10 Trading Days after
such request (or, if later, on the effective date of the Fundamental Transaction), equal to the 130% of the remaining unconverted
principal amount of this Debenture on the date of such request, plus all accrued and unpaid interest thereon, plus all other accrued
and unpaid amounts due hereunder.

 

    	5

    	 

    

 

(b)The
Company covenants that it will at all times reserve and keep available out of its authorized and unissued shares of Common Stock
solely for the purpose of issuance upon conversion of this Debenture. See attached EXHIBIT A (Irrevocable TA Letter)

 

(c)Any
and all notices or other communications or deliveries to be provided by the Holders hereunder, including, without limitation,
any Notice of Conversion, shall be in writing and delivered personally, by facsimile, sent by a nationally recognized overnight
courier service, addressed to the Company, at the address set forth or such other address or facsimile number as the Company may
specify for such purposes by notice to the Holders delivered in accordance with this Section. Any and all notices or other communications
or deliveries to be provided by the Company hereunder shall be in writing and delivered personally, by facsimile, sent by a nationally
recognized overnight courier service addressed to each Holder at the facsimile telephone number or address of such Holder appearing
on the books of the Company, or if no such facsimile telephone number or address appears, at the principal place of business of
the Holder. Any notice or other communication or deliveries hereunder shall be deemed given and effective on the earliest of (i)
the date of transmission, if such notice or communication is delivered via facsimile at the facsimile telephone number specified
in this Section prior to 5:30 p.m. (New York City time), (ii) the date after the date of transmission, if such notice or communication
is delivered via facsimile at the facsimile telephone number specified in this Section later than 5:30 p.m. (New York City time)
on any date and earlier than 11:59 p.m. (New York City time) on such date, (iii) the second Business Day following the date of
mailing, if sent by nationally recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice
is required to be given.

 

    	6

    	 

    

 

(d)Notwithstanding
anything to the contrary herein contained, the Holder may not convert this Debenture to the extent such conversion would result
in the Holder, together with any affiliate thereof, beneficially owning (as determined in accordance with Section 13(d) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act") and the rules promulgated thereunder) in excess of
9.99% of the then issued and outstanding shares of Common Stock, including shares issuable upon such conversion and held by the
Holder after application of this section. The provisions of this section may be waived by the Holder (but only as to itself and
not to any other Holder) upon not less than 61 days prior notice to the Company. Other Holders shall be unaffected by any such
waiver.

 

Section
5. Definitions. For the purposes hereof, in addition to the terms defined elsewhere in this Debenture: (a) capitalized terms not
otherwise defined herein have the meanings given to such terms in the Purchase Agreement, and (b) the following terms shall have
the following meanings:

 

"Business
Day" means any day except Saturday, Sunday and any day which shall be a federal legal holiday in the United States or a day
on which banking institutions in the State of New York are authorized or required by law or other government action to close.

 

"Common
Stock" means the common stock of the Company and stock of any other class into which such shares may hereafter have been
reclassified or changed.

 

"Person"
means a corporation, an association, a partnership, organization, a business, an individual, a government or political subdivision
thereof or a governmental agency.

 

"Securities
Act" means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

"Set Price"
shall have the meaning set forth in Section 4.

 

Section
6. Except as expressly provided herein, no provision of this Debenture shall alter or impair the obligation of the Company, which
is absolute and unconditional, to pay the principal of, interest and liquidated damages (if any) on, this Debenture at the time,
place, and rate, and in the coin or currency, herein prescribed. This Debenture is a direct debt obligation of the Company. This
Debenture ranks pan passu with all other Debentures now or hereafter issued under the terms set forth herein. As long as this
Debenture is outstanding, the Company shall not and shall cause it subsidiaries not to, without the consent of the Holder, (a)
amend its certificate of incorporation, bylaws or other charter documents so as to adversely affect any rights of the Holder;
(b) repay, repurchase or offer to repay, repurchase or otherwise acquire more than a de minimis number of shares of its Common
Stock or other equity securities other than as to the Underlying Shares to the extent permitted or required under the Transaction
Documents or as otherwise permitted by the Transaction Documents; or (c) enter into any agreement with respect to any of the foregoing.

 

Section
7. If this Debenture shall be mutilated, lost, stolen or destroyed, the Company shall execute and deliver, in exchange and substitution
for and upon cancellation of a mutilated Debenture, or in lieu of or in substitution for a lost, stolen or destroyed Debenture,
a new Debenture for the principal amount of this Debenture so mutilated, lost, stolen or destroyed but only upon receipt of evidence
of such loss, theft or destruction of such Debenture, and of the ownership hereof, and indemnity, if requested, all reasonably
satisfactory to the Company.

 

    	7

    	 

    

 

Section
8. So long as any portion of this Debenture is outstanding, the Company will not and will not permit any of its subsidiaries to,
directly or indirectly, enter into, create, incur, assume or suffer to exist any indebtedness of any kind, on or with respect
to any of its property or assets now owned or hereafter acquired or any interest therein or any income or profits therefrom that
is senior in any respect to the Company's obligations under the Debentures without the prior consent of the Holder, which consent
shall not be unreasonably withheld.

 

Section
9. All questions concerning the construction, validity, enforcement and interpretation of this Debenture shall be governed by
and construed and enforced in accordance with the internal laws of the State of Florida, without regard to the principles of conflicts
of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions
contemplated by any of the Transaction Documents (whether brought against a party hereto or its respective affiliates, directors,
officers, shareholders, employees or agents) shall be commenced in the state and federal courts sitting in Broward County (the
"Florida Courts"). Each party hereto hereby irrevocably submits to the exclusive jurisdiction of the Florida Courts
for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed
herein (including with respect to the enforcement of any of the Transaction Documents), 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,
or such Florida Courts are improper or inconvenient 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 Debenture 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 hereto
hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal
proceeding arising out of or relating to this Debenture or the transactions contemplated hereby. If either party shall commence
an action or proceeding to enforce any provisions of this Debenture, then the prevailing party in such action or proceeding shall
be reimbursed by the other party for its attorneys fees and other costs and expenses incurred with the investigation, preparation
and prosecution of such action or proceeding.

 

Section
10. Any waiver by the Company or the Holder of a breach of any provision of this Debenture shall not operate as or be construed
to be a waiver of any other breach of such provision or of any breach of any other provision of this Debenture. The failure of
the Company or the Holder to insist upon strict adherence to any term of this Debenture on one or more occasions shall not be
considered a waiver or deprive that party of the right thereafter to insist upon strict adherence to that term or any other term
of this Debenture. Any waiver must be in writing.

 

    	8

    	 

    

 

Section
11. If any provision of this Debenture is invalid, illegal or unenforceable, the balance of this Debenture shall remain in effect,
and if any provision is inapplicable to any person or circumstance, it shall nevertheless remain applicable to all other persons
and circumstances. If it shall be found that any interest or other amount deemed interest due hereunder violates applicable laws
governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum permitted rate
of interest. The Company covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead,
or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law or other law which would
prohibit or forgive the Company from paying all or any portion of the principal of or interest on the Debentures as contemplated
herein, wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of this
indenture, and the Company (to the extent it may lawfully do so) hereby expressly waives all benefits or advantage of any such
law, and covenants that it will not, by resort to any such law, hinder, delay or impeded the execution of any power herein granted
to the Holder, but will suffer and permit the execution of every such as though no such law has been enacted.

 

Section
12. Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall be
made on the next succeeding Business Day.

 

    	9

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Convertible Debenture to be duly executed by a duly authorized officer as of the
date first above indicated.

 

	 	By:	/s/ Robert Rico
	 	Robert
    Rico
	 	CEO

 

    	10

    	 

    

 

Exhibit
B

 

NOTICE
OF CONVERSION

 

The undersigned
hereby elects to convert principal under the 10% Convertible Debenture of NYBD Holding,
Inc. (the "Company"), due on 5/29/14, into ______ shares of common stock, $.001 par value per share (the "Common
Stock"), of the Company according to the conditions hereof, as of the date written below. If shares are to be issued in the
name of a person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto and is delivering
herewith such certificates and opinions as reasonably requested by the Company in accordance therewith. No fee will be charged
to the holder for any conversion, except for such transfer taxes, if any.

 

By
the delivery of this Notice of Conversion the undersigned represents and warrants to the Company that its ownership of the Company's
Common Stock does not exceed the amounts determined in accordance with Section 13(d) of the Exchange Act, specified under Section
4 of this Debenture.

 

Conversion
calculations:

 

Date
to Effect Conversion: ____________________________

 

50%
of the lowest traded price for 20 trading days prior to conversion or:

 

Adjusted
as per agreement for delayed delivery of previous conversion (lookback only)

 

 _____________________________________

 

Principal
Amount of Debentures to be Converted:

 

_____________________________________

 

Interest
Amount of Debentures to be Converted:

 

_____________________________________

 

Number
of shares of Common Stock to be issued:

 

_____________________________________

 

Signature:
_____________________ Manager

 

Redwood
Management LLC

16850 Collins Ave #112-341

Sunny Isles Beach Florida 33160

 

    	11

    	 

    

 

Exhibit
C

 

Resolution
approved by the Board of Directors of NYBD Holding, Inc.

 

UNANIMOUS
CONSENT IN LIEU OF A SPECIAL

MEETING
OF DIRECTORS OF

NYBD
Holding, Inc.

 

The
undersigned, being all of the directors of NYBD Holding, Inc. a corporation of the State of California, (the "Corporation"),
do hereby authorize and approve the actions set forth in the following resolutions without the formally of convening a meeting,
and do hereby consent to the following actions of this Corporation, which actions are hereby deemed affective as of the date hereof:

 

RESOLVED:
that the officers of this Corporation are authorized and directed to enter into a Convertible Debenture in the amount of $50,000
plus interest with Redwood Management, LLC, dated 11/29/13 which allows conversions at a 50% discount to market for such notes
as well as (10%) Ten percent guaranteed interest, should be payable regardless of how long the debenture remains outstanding and
come due on 5/29/14

 

RESOLVED:
that the officers of this Corporation herby certify this corporation has never been a blank check shell; and

 

FURTHER
RESOLVED, that each of the officers of the Corporation be, and they hereby are authorized and empowered to execute and deliver
such documents, instruments and papers and to take any and all other action as they or any of them may deem necessary or appropriate
of the purpose of carrying out the intent of the foregoing resolutions and the transactions contemplated thereby; and that the
authority of such officers to execute and deliver any such documents, instruments and papers and to take any such other action
shall be conclusively evidenced by their execution and delivery thereof or their taking thereof.

 

The
undersigned, by affixing their signatures hereto, do hereby consent to, authorize and approve the foregoing actions in their capacity
as a majority of the direction of NYBD Holding, Inc.

 

Dated:
11/29/13

 

    	12

    	 

    

 

EXHIBIT
E

 

11/29/13

VIA
ELECTRONIC MAIL

 

IRedwood
Management LLC

16850 Collins Ave #112-341

Sunny Isles Beach, FL 33160

 

Re:
Share Structure of NYBD Holdings, Inc.

 

To
whom it may concern:

 

The
purpose of this letter is to confirm the share structure of NYBD Holdings, Inc. (the "Company"). By execution below,
I hereby verify that the information provided is current and accurate as of the date of this document.

 

Shares
authorized:

 

Shares
of NYBD Holdings, Inc. issued and outstanding:

 

________________________

 

Furthermore,
prior to finalizing this issuance I agree to provide Redwood Management LLC (via email) with:

 

i)A
copy of the certificate(s) to be issued pursuant to the Agreement(s) as of the date Hereof (if physical shares are to be issued
in lieu of DWAC);

 

ii)The
FedEx Priority Overnight tracking number (or a copy of the slip if available) for any physical certificate(s) to be issued.

 

Very
truly yours,

 

Olde
Monmouth Stock Transfer Co., Inc.

 

____________________________

Name:

Title

 

Acknowledged
and Agreed:

 

/s/
Robert Rico                                     

NYBD
Holdings, Inc.

Name:
Robert Rico

Title:
  CEO

 

    	13

    	 

    

 

SECURITIES
SETTLEMENT AGREEMENT

 

THIS
AGREEMENT ("Agreement") is by and between Redwood Management, LLC ("CLAIMANT" or "Redwood") and
the undersigned NYBD Holdings, Inc., ("COMPANY" or "DEBTOR") and is entered into as of the effective date
below, all with reference to the following facts, which the parties agree are true and correct:

 

RECITALS

 

CLAIMANT
acquired, on or about this date, certain debt rights, noted below, along with the rights to common stock and conversion of a prior
"assignor" as to the COMPANY;

 

CLAIMANT
is, therefore, both an investor and a creditor of the COMPANY entitled to payment and conversion of outstanding debt securities,
including common stock conversion of such debt securities, as referenced in agreement(s) and document(s), including between the
parties hereto, such as listed below;

 

DEBTOR
seeks to avoid dispute, retire debt from its books and records, make effort to improve its financial picture for potential acquisition
and future fundings by eliminating or limiting the extent of debt the DEBTOR faces, and honor such conversion and related rights
acquired by the CLAIMANT;

 

THEREFORE,
THE PARTIES AGREE TO SETTLE, AND THE PURPOSE OF THIS AGREEMENT IS TO REFLECT SUCH SETTLEMENT;

 

NOW
THEREFORE, the parties hereto hereby represent, warrant, and covenant with and to each other and confirm all of the above and
following to professionals, and the transfer agent of COMPANY and others to whom it may concern, as follows:

 

1.Obligations
Owing. The above Recitals are incorporated herein by reference. Reference is made to the debt securities identified on the
signature page hereof (the "Debt"). As to the Debt, any past or current dispute, potential defenses and disputed considerations,
etc., are waived by the COMPANY, and the debt obligation is hereby confirmed as owed. The COMPANY ratifies and confirms the validity
of the Assignment and Assumption Agreement by and between the CLAIMANT acting as an investor and the prior assignor and this includes
the common stock and conversion rights of the assignor surrendered to the CLAIMANT, which rights are aged in excess of 6 months.

 

2.Exchange.
CLAIMANT and the COMPANY hereby agree to confirm the exchange of the Debt for securities of the COMPANY as follows: this securities
agreement of the COMPANY to repay an amount equal to the principal amount of the Debt ("Principal") with interest at
a rate set below per annum ("Interest") by the "Maturity Date" (below) with conversion rights to the CLAIMANT
so that, at the election of the CLAIMANT, it may convert the Principal in whole or part from time to time into shares of common
stock in the COMPANY (the "Shares"). This obligation of the COMPANY is in the nature of a debenture but in lieu of issuing
a debenture of the COMPANY shall honor the exchange, payment obligation and conversion rights per this Agreement. Thus, concurrently
with the execution of this Agreement, CLAIMANT surrenders hereby the Debt and its interest in the Debt strictly for the payment,
conversion rights, Shares and related rights under this Agreement. CLAIMANT will endeavor to use best efforts, for non material
file recording, to deliver to the COMPANY any promissory notes, commercial paper, or other evidences of the Debt but such ministerial
obligation shall not be a condition to the conversion, Shares, and enforcement rights of this Agreement by CLAIMANT. With reference
to Rule 144 promulgated under the Securities Act of 1933, as amended, the exchange hereby is made without any additional consideration
applicable.

 

    	1

    	 

    

 

3.
Payment and Conversion Rights. The COMPANY promises to pay to CLAIMANT the Principal and Interest on the Maturity Date,
or sooner if required hereby, unless to the extent of any completed conversion of Principal and or Interest as stated herein.

 

THE
COMPANY MAY PREPAY ANY PORTION OF THE PRINCIPAL AMOUNT AT 125% OF SUCH AMOUNT OR MAXIMUM ALLOWED PER LAW, WHICHEVER IS LOWER,
ALONG WITH ANY ACCRUED INTEREST AT ANY TIME UPON SEVEN DAYS WRITTEN NOTICE TO THE CLAIMANT, PROVIDED THE COMPANY IS NOT IN DEFAULT
OF THIS AGREEMENT, SUBJECT TO THE TERMS HEREIN.

 

"Event
of Default," wherever used herein, means any one of the following events (whatever the reason and whether it shall be voluntary
or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or any order, rule or
regulation of any administrative or governmental body):

 

(i)any
default in the payment of the principal of, interest (including any Late Fees) on, or liquidated damages in respect to this Agreement,
free of any claim of subordination, as and when the same shall become due and payable (whether on a Conversion Date or the Maturity
Date or by acceleration or otherwise);

 

(ii)the
COMPANY or any of its subsidiaries or affiliates shall commence, or there shall be commenced against any of them, a case under
any applicable bankruptcy or insolvency laws as now or hereafter in effect or any successor thereto, or the COMPANY commences
any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or
liquidation or similar law of any jurisdiction whether now or hereafter in effect relating to the COMPANY or any subsidiary thereof
or there is commenced against the COMPANY or any subsidiary thereof any such bankruptcy, insolvency or other proceeding; or the
COMPANY or any subsidiary thereof is adjudicated insolvent or bankrupt; or any order of relief or other order approving any such
case or proceeding is entered; or the COMPANY or any subsidiary thereof suffers any appointment of any custodian or the like for
it or any substantial part of its property which continues undischarged or unstayed for a period of 5 Business Days; or the COMPANY
or any subsidiary thereof makes a general assignment for the benefit of creditors; or the COMPANY shall fail to pay, or shall
state that it is unable to pay, or shall be unable to pay, its debts generally as they become due; or the COMPANY or any subsidiary
thereof shall call a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of any debt
or the COMPANY or any subsidiary thereof shall by any act or failure to act expressly indicate its consent to, approval of or
acquiescence in any of the foregoing or any corporate or other action is taken by the COMPANY or any subsidiary thereof for the
purpose of effecting any of the foregoing or adverse to this Agreement;

 

    	2

    	 

    

 

(iii)the
COMPANY shall fail to timely file all reports required to be filed by it with the SEC pursuant to Section 13 or 15(d) of the Securities
and Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise required by the Exchange Act, or cease to be
subject to the reporting requirements of the Exchange Act, or as required to be deemed a current public company as to disclosure
including on any exchange or over the counter trading medium and or the COMPANY is in, or accused of, being in violation of any
law or regulation by written demand, court proceeding or otherwise;

 

(iv)the
material breach of any promise or representation in this Agreement and or any related representation or agreement made by the
COMPANY and or any of its officers with the Claimant, which shall include, without limitation, the failure to deliver shares of
common stock due CLAIMANT on a conversion within three Business Days from the date of conversion or sooner, which delivery must
be otherwise made per reasonable specifications of the CLAIMANT (e.g. to brokerage firm account);

 

(v)The
COMPANY or any subsidiary of the COMPANY shall default in any of its obligations under any other Debenture or any mortgage, credit
agreement or other facility, indenture agreement, factoring agreement or other instrument under which there may be issued, or
by which there may be secured or evidenced any indebtedness for borrowed money or money due under any long term leasing or factoring
arrangement of the COMPANY or any subsidiary of the COMPANY in an amount exceeding $25,000, whether such indebtedness now exists
or shall hereafter be created and such default shall result in such indebtedness becoming or being declared due and payable prior
to the date on which it would otherwise become due and payable;

 

(vi)Any
cessation of operations by COMPANY or COMPANY admits it is otherwise generally unable to pay its debts as such debts become due,
provided, however, that any disclosure of the COMPANY'S ability to continue as a "going concern" shall not be an admission
that the COMPANY cannot pay its debts as they become due;

 

(vii)The
failure by COMPANY to maintain any assets which are necessary to conduct its business (whether now or in the future);

 

(viii)The
restatement of any financial statements filed by the COMPANY with the SEC for any date or period from two years prior to the date
of this Agreement and until all amount due to Claimant hereunder are no longer outstanding, if the result of such restatement
would, by comparison to the unrestated financial statement, have constituted a material adverse effect on the rights of the Holder
with respect to this Debenture or the Purchase Agreement; or

 

(ix)The
Depository Trust Company ("DTC") places a "chill" on the deposit of additional securities of the COMPANY with
DTC.

 

    	3

    	 

    

 

If
the COMPANY fails to perform hereunder by delivering Shares or paying Principal and or Interest within 3 Business Days of said
being due, then for the first 30 calendar days from the due date of said performance, the COMPANY shall also owe payable immediately
an amount equal to $1,000 per day as a reasonable "Late Fee" in addition to any other damages and reasonable attorney
fees and costs payable, to cover, on a non accountable basis, the time, expense, efforts and or distress of the CLAIMANT having
to focus its management, advisors, and counselors on the matter of the COMPANY failing to honor its written obligations, and said
figure is deemed a reasonable liquidated damages provision and is not an election of remedy and is non exclusive so the CLAIMANT
can add and pursue all rights otherwise.

 

If
any Event of Default occurs and is continuing, the full Principal amount of this Agreement, together with Interest and Late Fees
and other amounts owing in respect thereof, shall become immediately due and payable in cash except the CLAIMANT may elect any
part thereof to be paid in Shares as part of any conversion hereunder in which case such Shares shall be due.

 

The
CLAIMANT need not provide and the COMPANY hereby waives any presentment, demand, protest or other notice of any kind, and the
CLAIMANT may immediately and without expiration of any grace period enforce any and all of its rights and remedies hereunder and
all other remedies available to it under applicable law. Such declaration may be rescinded and annulled by CLAIMANT only in writing
at any time prior to payment hereunder and the CLAIMANT shall have all rights and elections it is entitled to hereunder and or
under law. Unless otherwise noted expressly herein in writing, no grace period applies.

 

At
any time until both the Principal and Interest is paid in full and all conversions have been honored by the COMPANY and this Agreement
is no longer outstanding, this Agreement, including interest and principal, shall be convertible into shares of Common Stock in
the COMPANY at 50 percent of the lowest traded price, determined on the then current trading market for the COMPANY'S common stock,
for 20 trading days prior to conversion (the "Set Price"). The CLAIMANT shall effect conversions by delivering to the
COMPANY the form of Notice of Conversion attached hereto as Exhibit C (a "Notice of Conversion"), specifying the date
on which such conversion is to be effected (a "Conversion Date") and Shares shall then be delivered by the COMPANY within
three Business Days (72 hours). If no Conversion Date is specified in a Notice of Conversion, the Conversion Date shall be the
date that such Notice of Conversion is provided hereunder. To effect conversions hereunder, the CLAIMANT shall not be required
to otherwise physically surrender anything to the COMPANY. If the COMPANY does not request, from its transfer agent, the issuance
of the shares underlying this Agreement after receipt of a Notice of Conversion within three Business Days (72 hours) following
the date of Notice of Conversion, or fails to timely (within 72 hours) deliver the Shares per the instructions of the CLAIMANT,
free and clear of all legends in legal free trading form, the COMPANY shall be responsible to also promptly pay CLAIMANT for any
differential in the value of the converted Shares underlying this Agreement between the value of the closing price on the date
the Shares should have been delivered and the date the Shares are delivered. The CLAIMANT and any assignee, by acceptance of this
Agreement, acknowledge and agree that, by reason of the provisions of this paragraph, following conversion of a portion of this
Agreement, the unpaid and unconverted Principal amount of this Agreement may be less than the amount stated on the face hereof.
The parties hereby agree that the COMPANY will cover all legal costs associated with the issuance of Opinion Letter(s) to the
Transfer Agent and other costs, expenses and liabilities as to conversion and issuance. In addition, if the COMPANY fails to timely
(within 72 hours, 3 business days), deliver the shares per the instructions of the CLAIMANT, free and clear of all legends in
legal free trading form, the COMPANY shall allow CLAIMANT to add two (2) days to the look back (the mechanism used to obtain the
conversion price along with discount) for each day the COMPANY fails to timely (within 72 hours, 3 business days)) deliver shares,
on the next conversion.

 

    	4

    	 

    

 

If
the COMPANY, at any time while this Agreement is outstanding: (A) shall pay a stock dividend or otherwise make a distribution
or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable in shares of Common
Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the COMPANY pursuant to this Agreement,
including as interest thereon), (B) subdivide outstanding shares of Common Stock into a larger number of shares, (C) combine (including
by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or (D) issue by reclassification
of shares of the Common Stock any shares of capital stock of the COMPANY, then the Set Price shall be either (i) as agreed in
writing by the CLAIMANT in its discretion or if not agreed to by CLAIMANT or reasonably objected to by the COMPANY in writing
to the CLAIMANT promptly before any such corporate change, (ii) be multiplied by a fraction of which the numerator shall be the
number of shares of Common Stock (excluding treasury shares, if any) outstanding before such event and of which the denominator
shall be the number of shares of Common Stock outstanding after such event. Any adjustment made pursuant to this Section shall
become effective immediately after the record date for the determination of stock as to such dividend or distribution and shall
become effective immediately after the effective date in the case of a subdivision, combination or reclassification. Whenever
the Set Price is adjusted as noted above in this paragraph the COMPANY shall promptly, within one Business Day, deliver to each
CLAIMANT a notice setting forth the Set Price after such adjustment and setting forth a brief statement of the facts requiring
such adjustment.

 

If,
at any time while this Agreement is outstanding: (A) the COMPANY effects any merger or consolidation of the COMPANY with or into
another Person, (B) the COMPANY effects any sale of all or substantially all of its assets in one or a series of related transactions,
(C) any tender offer or exchange offer (whether by the COMPANY or another Person) is completed pursuant to which CLAIMANTs of
Common Stock are permitted to tender or exchange their shares for other securities, cash or property, or (D) the COMPANY effects
any reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted
into or exchanged for other securities, cash or property (in any such case, a "Fundamental Transaction"), then the CLAIMANT
may declare this Agreement in default or, if it elects in writing to the COMPANY, upon any subsequent conversion, the CLAIMANT
shall have the right to receive, for each underlying share that would have been issuable upon such conversion absent such Fundamental
Transaction, the same kind and amount of securities, cash or property as it would have been entitled to receive upon the occurrence
of such Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction, the CLAIMANT of one share of
Common Stock of the COMPANY (the "Alternate Consideration"). For purposes of any such conversion, the determination
of the Set Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration
issuable in respect of one share of Common Stock in such Fundamental Transaction, and the COMPANY shall apportion the Set Price
among the Alternate Consideration in a reasonable manner, but only if consented to in writing by the CLAIMANT, reflecting the
relative value of any different components of the Alternate Consideration. If shareholders of Common Stock are given any choice
as to the securities, cash or property to be received in a Fundamental Transaction, then the CLAIMANT shall be given the same
choice as to the Alternate consideration it receives upon any conversion of this Agreement following such Fundamental Transaction.
To the extent necessary to effectuate the foregoing provisions, any successor to the COMPANY or surviving entity in such Fundamental
Transaction shall issue to the CLAIMANT a new Agreement consistent with the foregoing provisions and evidencing the CLAIMANT'S
right to convert such Agreement into Alternate Consideration. The terms of any agreement pursuant to which a Fundamental Transaction
is affected shall include terms requiring any such successor or surviving entity to comply with the provisions of this paragraph
and insuring that this Agreement (or any such replacement security) will be similarly adjusted upon any subsequent transaction
analogous to a Fundamental Transaction. If any Fundamental Transaction constitutes or results in a Change of Control Transaction,
then at the request of the CLAIMANT delivered before the 90th calendar day after such Fundamental Transaction, the COMPANY (or
any such successor or surviving entity) will purchase the Agreement from the CLAIMANT for a purchase price, payable in cash within
10 business days of such request, equal to the 125% or maximum permitted by law whichever is lower, of the remaining unconverted
Principal amount of this Agreement on the date of such request, plus all accrued and unpaid Interest thereon, plus all other accrued
and unpaid amounts due hereunder.

 

    	5

    	 

    

 

The
COMPANY covenants that it will at all times reserve and keep available out of its authorized and unissued shares of Common Stock
solely a sufficient number of it's shares for the purpose of issuance upon conversion of this Agreement.

 

Any
notice or other communication or deliveries hereunder shall be deemed given and effective on the earliest of (i) the date of transmission,
(ii) the date after the date of transmission, if such notice or communication is delivered via facsimile, (iii) the first Business
Day following the date of mailing, if sent by nationally recognized overnight courier service, or (iv) upon actual receipt by
the party to whom such notice is required to be given.

 

Notwithstanding
anything to the contrary herein contained, the CLAIMANT may not convert this Agreement to the extent such conversion would result
in the CLAIMANT, together with any affiliate thereof, beneficially owning (as determined in accordance with Section 13(d) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act") and the rules promulgated thereunder) in excess of
4.99% of the then issued and outstanding shares of Common Stock, including shares issuable upon such conversion and held by the
CLAIMANT after application of this section. The provisions of this section may be waived by the CLAIMANT, in whole or part (but
only as to itself and not to any other CLAIMANT), upon 61 days prior written notice. Other CLAIMANTs shall be unaffected by any
such waiver.

 

Herein
meanings are, unless otherwise defined herein:

 

"Business
Day" means any day except Saturday, Sunday and any day which shall be a federal legal holiday in the United States or a day
on which banking institutions in the State of New York are authorized or required by law or other government action to close.

 

    	6

    	 

    

 

"Common
Stock" means the common stock of the COMPANY and stock of any other class into which such shares may hereafter have been
reclassified or changed.

 

"Person"
means a corporation, an association, a partnership, organization, a business, an individual, a government or political subdivision
thereof or a governmental agency.

 

"Securities
Act" means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

Except
as expressly provided herein, no provision of this Agreement shall alter or impair the obligation of the COMPANY, which is absolute
and unconditional, to pay the principal of, interest and liquidated damages (if any) on, this Agreement at the time, place, and
rate, and in the coin or currency, herein prescribed. This Agreement is a direct debt obligation of the COMPANY. This Agreement
ranks pari passu on most favored terms to benefit the CLAIMANT with all other Agreements now or hereafter issued under the terms
set forth herein but shall be treated superior to all other obligations of the COMPANY. As long as this Agreement is outstanding,
the COMPANY shall not and shall cause it subsidiaries not to, without the consent of the COMPANY, (a) amend its certificate of
incorporation, bylaws or other charter documents so as to adversely affect any rights of the CLAIMANT; (b) repay, repurchase or
offer to repay, repurchase or otherwise acquire more than a de minimis number of shares of its Common Stock or other equity securities;
or (c) enter into any agreement with respect to any of the foregoing.

 

If
this Agreement shall be mutilated, lost, stolen or destroyed, the COMPANY shall execute and deliver another original of this Agreement.

 

So
long as any portion of this Agreement is outstanding, the COMPANY will not and will not permit any of its subsidiaries to, directly
or indirectly, enter into, create, incur, assume or suffer to exist any new indebtedness of any kind, on or with respect to any
of its property or assets now owned or hereafter acquired or any interest therein or any income or profits therefrom that is senior
in any respect to the COMPANY'S obligations under the Agreements without the prior consent of the CLAIMANT. All consents of CLAIMANT
in this Agreement shall be in the discretion of the CLAIMANT.

 

If
it shall be found by court that any Interest or other amount deemed interest due or aggregated hereunder violates applicable laws
governing usury, the amount shall automatically be lowered to equal the maximum permitted under law.

 

    	7

    	 

    

 

The
COMPANY covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay, extension or usury law or other law which would prohibit or forgive
the COMPANY from paying all or any portion of the principal of or interest on the Agreements as contemplated herein, or otherwise
not honor this Agreement, wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance
of this indenture, and the COMPANY (to the extent it may lawfully do so) hereby expressly waives all benefits or advantage of
any such law, and covenants that it will not, by resort to any such law, hinder, delay or impeded the execution of any power herein
granted to the CLAIMANT, but will suffer and permit the execution of every such as though no such law has been enacted.

 

Whenever
any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall be made on the next
succeeding Business Day.

 

In
the event CLAIMANT shall refer this Agreement to an attorney for collection in the event of a default, the COMPANY agrees to pay
all the reasonable costs and expenses incurred in attempting or effecting collection hereunder or enforcement of the terms of
this Agreement, including reasonable attorney's fees, whether or not suit is instituted.

 

4.Claimant
Status. CLAIMANT represents and the COMPANY confirms such representation, as follows:

 

a.
   CLAIMANT believes it is not an affiliate, now or by way of this Agreement, and relies upon the COMPANY knowledge of the members
of the Board, officers and shareholdings, etc. in such regard (COMPANY represents to CLAIMANT that it has concluded and CLAIMANT
may rely upon same, that CLAIMANT is not and will not be, by way of this Agreement, as affiliate of the COMPANY.); and

 

CLAIMANT
is (i) an "accredited investor" as that term is defined in Rule 501 of the General Rules and Regulations under the Securities
Act of 1933, as amended, the "Act" by reason of Rule 501 and (ii) able, by reason of the business and financial experience
of its officers (if an entity) and professional advisors, as a sophisticated investor.

 

5.Other
Concerns. CLAIMANT has no responsibility for action or inaction by the DEBTOR nor faced or faces or will face responsibility
for determinations of Management of the COMPANY. The parties also recognize and acknowledge that as a result of this Agreement,
the parties have entered into a confidential relationship as to this document, except to the requirements of law to the contrary,
and they have negotiated and entered into this Agreement in good faith and without any duress. COMPANY has, notwithstanding anything,
obtained counsel of its own choosing on the legality of the subject including the issuance of the Shares hereby without legend
or restriction. The COMPANY indemnifies and holds harmless CLAIMANT and its affiliates, including the counselors and advisors
of CLAIMANT, for any breach of any provision or representation by COMPANY herein.

 

    	8

    	 

    

 

6.Miscellaneous.

 

	A.	Gender. Wherever the context shall require, all words herein in
the masculine gender shall be deemed to include the feminine or neuter gender, all singular words shall include the plural, and
all plural shall include the singular.

 

	B.	Severability. If any provision hereof is deemed unenforceable
by a court of competent jurisdiction, the remainder of this Agreement, and the application of such provision in other circumstances
shall not be affected thereby.

 

	C.	Further Cooperation. From and after the date of this Agreement,
each of the parties hereto agrees to execute whatever additional documentation or instruments as are necessary to carry out the
intent and purposes of this Agreement or to comply with any law. However, this shall not require any additional documents or acts
by CLAIMANT for CLAIMANT to obtain and dispose of the subject shares.

 

	D.	Waiver. No waiver of any provision of this Agreement shall be
valid unless in writing and signed by the waiving party. The failure of any party at any time to insist upon strict performance
of any condition, promise, agreement or understanding set forth herein, shall not be construed as a waiver or relinquishment of
any other condition, promise, agreement or understanding set forth herein or of the right to insist upon strict performance of
such waived condition, promise, agreement or understanding at any other time.

 

	E.	Expenses. Except as otherwise provided herein, or agreed in writing,
each party hereto shall bear all expenses incurred by each such party in connection with this Agreement and in the consummation
of the transactions contemplated hereby and in preparation thereof.

 

	F.	Amendment. This Agreement may only be amended or modified at any
time, and from time to time, in writing, executed by the parties hereto.

 

	G.	Notices. Any notice, communication, request, reply or advice (hereinafter
severally and collectively called "Notice") in this Agreement provided or permitted to be given, may be made or be served
by delivering same by overnight mail or by delivering the same by a hand-delivery service, such Notice shall be deemed given when
so delivered or sooner as stated within this Agreement.

 

	H.	Captions. Captions herein are for the convenience of the parties
and shall not affect the interpretation of this Agreement.

 

	I.	Counterpart Execution. This Agreement may be executed in two or
more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument
and this Agreement may be executed by fax.

 

	J.	Assignment. This Agreement is not assignable without the written
consent of the parties except CLAIMANT has the right to assign the obligations and Shares owed to it hereunder as it may determine.

 

    	9

    	 

    

 

	K.	Parties in Interest and Affiliates. Provisions of this Agreement
shall be binding upon and inure to the benefit of and be enforceable by the parties, their heirs, executors, administrators, other
permitted successors and assigns, if any. Nothing contained in this Agreement, whether express or implied, is intended to confer
any rights or remedies under or by reason of this Agreement on any persons other than the parties to it and their respective successors
and assigns. For this Agreement, affiliated or affiliate, either word being capitalized or not herein, shall mean controlling,
controlled by or under direct or indirect common control with such person and includes shareholders, officers, directors, advisors,
employees, attorneys, accountants, auditors, subsidiaries, parent companies, related companies and founders, to broadly defined,
to be interpreted to protect the CLAIMANT, beyond just persons and firms customarily considered affiliated under Federal securities
laws and regulations.

 

	L.	Entire Agreement. This Agreement constitutes the entire agreement
and understanding of the parties on the subject matter hereof and supersedes all prior recent settlement discussions and verbal
agreements and understandings except in no way does this Agreement change or eliminate the terms of financial and related obligations
to the CLAIMANT per past agreements and instruments except as strictly modified in writing above.

 

	M.	Construction and Misc. This Agreement shall be governed exclusively
by the laws of the State of Florida without reference to conflict of laws and the exclusive venue for any action, claim or dispute
in respect of this Agreement shall be such court of competent jurisdiction as is located in Broward County Florida as the sole
venue. The parties agree and acknowledge that each has reviewed this Agreement and the normal rule of construction that agreements
are to be construed against the drafting party shall not apply in respect of this Agreement given the parties have mutually negotiated
and drafted this Agreement. The COMPANY irrevocably submits to the exclusive jurisdiction stated herein and the parties hereto
agree that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by
suit on the judgment or in any other manner provided by law. The parties hereto further waive any objection to venue in the said
place.

 

		THE DEBTOR IRREVOCABLY WAIVES THE DEFENSE OF AN INCONVENIENT FORUM TO
THE MAINTENANCE OF SUCH SUIT OR PROCEEDING AND FURTHER AGREES THAT SERVICE OF PROCESS UPON THE PARTY MAILED BY FIRST CLASS MAIL
SHALL BE DEEMED IN EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON THE PARTY IN ANY SUCH SUIT OR PROCEEDING. NOTHING HEREIN SHALL
AFFECT EITHER PARTY'S RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

 

		The COMPANY waives personal service of any summons, complaint or other
process in connection with any such action or proceeding and agrees that service thereof may be made, as the CLAIMANT may elect,
by mail directed to the CLAIMANT at the last known principal business location or mailing address or, in the alternative, in any
other form or manner permitted by law, on a non-exclusive basis, as determined by the CLAIMANT. No failure or delay on the part
of the CLAIMANT 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 privileges.

 

    	10

    	 

    

 

The
obligations to CLAIMANT and this Agreement cannot be set off against any real or alleged claim against the CLAIMANT.

 

	N.	Cooperation and Representations. The parties hereto agree to cooperate
with one another in respect of this Agreement, including reviewing and executing any document necessary for the performance of
this Agreement, to comply with law or as reasonably requested by any party hereto, or legal counsel to any party hereto. Representations
of the COMPANY shall survive the signing and closing of this Agreement.

 

	0.	Independent Legal Counsel. The parties hereto agree that (i) each
has retained independent legal counsel in connection with the preparation and of this Agreement, (ii) each has been advised of
the importance of retaining legal counsel, and (iii) by the execution of this Agreement, each has retained or waived retaining
counsel except as otherwise stated above.

 

	P.	Rights and Remedies. The COMPANY agrees that all of the rights
and remedies of the CLAIMANT hereto whether established hereby or by any other agreements, instruments or documents or by law
shall be cumulative and may be exercised singly or concurrently. CLAIMANT further waives the right to any notice and hearing prior
to the execution, levy, attachment or other type of enforcement of any judgment obtained hereunder. Company shall reflect the
obligation of this Agreement in all financial statements and related disclosures.

 

Exhibits,
and, if any, Additional Promises and Representations:

 

	a.	EXHIBIT A. The DEBTOR hereby represents that attached is a letter of
confirmation and representation by the individual who is the chief principal officer of the COMPANY executed or to be executed
and delivered this date.

 

	b.	EXHIBIT B. The DEBTOR hereby represents that attached is a duly authorized
and effective irrevocable resolution of the Board of Directors of the COMPANY confirming this Agreement as valid and binding on
the COMPANY, executed or to be executed this date. (Whether or not attached, or executed, the DEBTOR represents all corporate
authorization has been obtained.)

 

	c.	EXHIBIT C. Form of Conversion

 

Effective
Date: 11/29/13

Principal
Amount due hereunder: $125,000 plus interest

Set
Price: above

Interest
due hereunder: (10%) Ten percent guaranteed interest payable regardless of how long the debenture remains outstanding. (All of
which shall be deemed earned as of the date hereof (11/29/13)

Maturity
Date: date that is 6 months from the date of this Agreement

 

    	11

    	 

    

 

	d.	EXHIBIT D. Irrevocable Letter from Transfer Agent

 

	e.	EXHIBIT E. Transfer Agent Share Statement

 

Description
of Debt: $125,000 Promissory Note dated February 14th, 2013 (John Bianco)

 

	Name of COMPANY:	NYBD Holdings, Inc.
	State of Incorporation:	California
	Address of COMPANY:	2600 West Olive Avenue 5F
	 	Burbank, CA 91505

 

Name of
CLAIMANT: Redwood Management, LLC

 

Claimant
Address: 16850 Collins Ave #112-341

 

Sunny
Isles Beach Florida 33160

 

The undersigned
hereby execute this document the Effective Date noted:

 

"COMPANY/DEBTOR"

 

/s/
Robert Rico                              

Name:
Robert Rico

Title:
  CEO

 

"CLAIMANT"

 

Redwood
Management, LLC

 

By:  _________________________

        Gary
Rogers, Manager

 

    	12

    	 

    

 

Exhibit
A

 

Representation
of individual Officer of NYBD Holdings, Inc.

 

VIA
ELECTRONIC MAIL

Redwood
Management LLC 

Attn:
Gary Rogers, Manager

16850
Collins Ave #112-341 

Sunny
Isles Beach Florida 33160

 

Re:Securities
Settlement Agreement Between NYBD Holdings, Inc. and Redwood Management LLC Dated 11/29/13

 

Dear Gary:

 

In
connection with the above referenced agreement and exhibits and related agreements and instruments, herein the Agreement, and
any present and any future conversion requests of Redwood Management, LLC ("Redwood") we irrevocably confirm:

 

		1.	NYBD
                                         Holdings, Inc. ("NYBD") is not, and has not been, a shell issuer as described
                                         in Rule 144 promulgated with reference to the Securities Act of 1933, as amended (the
                                         "Securities Act") nor is or was a "shell" as otherwise commonly understood;

 

		2.	NYBD
                                         Holdings, Inc. is, unless noted "Not Applicable," subject to the reporting
                                         requirements of Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as
                                         amended (the "Exchange Act").

 

		3.	NYBD
                                         Holdings, Inc. has to the extent it has been subject to Exchange Act requirements for
                                         filing reports, filed all reports and other materials required to be filed by Section
                                         13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months and or
                                         has filed with the trading exchange or over the counter disclosure system all such reports
                                         and information to be deeded current in all public reporting;

 

		4.	The
                                         original Debts noted in the above referenced Agreement, and the contents of the above
                                         referenced Agreement, are accurate and said original Debts and related stock and conversion
                                         rights are greater than 6 months old and was owned and subject to assignment and transfer
                                         to you by a non-affiliate which transfer has been made.

 

    	13

    	 

    

 

		5.	NYBD
                                         Holdings, Inc. is now and will remain current with all obligations with its stock transfer
                                         agent and the U.S. Securities and Exchange Commission and the state of incorporation.
                                         Your company and officers and owners and affiliates are not officers, Directors or material
                                         shareholders of NYBD Holdings, Inc. or affiliates of NYBD Holdings, Inc., Redwood is
                                         not an affiliate.

 

		6.	Any
                                         and all approvals needed in relation to the above referenced Agreement, this letter,
                                         for the assistance of our transfer agent, etc., is obtained. The Agreement reflects,
                                         among other things, conversion rights we otherwise afford to the non-affiliate debt holders.

 

Representations
herein survive the issuance or closing of any instrument or matter, and we will cooperate as needed to give effect to and protect
your rights including as to the transfer agent and you may rely upon these promises and representations.

 

Effective
Date: 11/29/13

 

	 	Very truly yours,
	 	 
	 	/s/ Robert Rick

 

    	14

    	 

    

 

Exhibit
B

 

Resolution
approved by the Board of Directors of NYBD Holdings, Inc.

 

UNANIMOUS
CONSENT IN LIEU OF A SPECIAL

MEETING
OF DIRECTORS OF

NYBD
Holdings, Inc.

 

The
undersigned, being all of the directors of NYBD Holdings, Inc. a corporation of the State of California, (the "Corporation"),
do hereby authorize and approve the actions set forth in the following resolutions without the formally of convening a meeting,
and do hereby consent to the following actions of this Corporation, which actions are hereby deemed affective as of the date hereof:

 

RESOLVED:
that the officers of this Corporation are authorized and directed to Enter into the Securities Settlement Agreement in the amount
of $125,000 plus interest with Redwood Management, LLC, dated 11/29/13 that allows conversions at a 50% discount to market as
well as (10%) Ten percent guaranteed interest payable regardless of how long the debenture remains outstanding, and come due on
5/29/14; and

 

RESOLVED:
that the officers of this Corporation herby certify this corporation has never been a blank check shell; and

 

FURTHER
RESOLVED, that each of the officers of the Corporation be, and they hereby are authorized and empowered to execute and deliver
such documents, instruments and papers and to take any and all other action as they or any of them may deem necessary or appropriate
of the purpose of carrying out the intent of the foregoing resolutions and the transactions contemplated thereby; and that the
authority of such officers to execute and deliver any such documents, instruments and papers and to take any such other action
shall be conclusively evidenced by their execution and delivery thereof or their taking thereof.

 

The
undersigned, by affixing their signatures hereto, do hereby consent to, authorize and approve the foregoing actions in their capacity
as a majority of the direction of NYBD Holdings, Inc.

 

Dated:
11/29/13

 

/s/
Robert Rick                       

 

    	15

    	 

    

 

Exhibit
C

 

NOTICE
OF CONVERSION

 

The
undersigned hereby elects to convert principal under the Securities Settlement Agreement of NYBD Holdings, Inc. ("NYBD")
dated 11/29/13 into shares of common stock (the "Common Stock") according to the conditions hereof, as of the date written
below. If shares are to be issued in the name of a person other than the undersigned, the undersigned will pay a reasonable transfer
expense payable with respect thereto. No fee will be charged to the CLAIMANT for any conversion, except for such transfer expense,
if any.

 

Conversion
calculations:

 

Company
Name: NYBD Holdings, Inc.

 

Date
to Effect Conversion: ______________________________

 

Conversion
Price: ________________________________

 

50% of
the lowest traded price for 20 trading days prior to conversion or:

Adjusted
as per agreement for delayed delivery of previous conversion (look back only)

 

Principal
Amount of Agreement to be converted: ___________________

 

Interest
Amount of Agreement to be converted: _____________________

 

Number
of shares of Common Stock to be issued: ____________________

 

Signature:
_________________________Manager

 

Redwood
Management LLC

16850 Collins Ave #112-341

Sunny Isles Beach Florida 33160

Federal ID #-26-465-7367

 

    	16

    	 

    

 

Olde
Monmouth Stock Transfer Co., Inc.

200
Memorial Parkway, Atlantic Highlands. NJ 07716

Tel
(732) 872-2727 -- Fax (732) 872-2728

	transferagent@oldemonmouth.com	www oldemonmouth.com

 

Olde Monmouth
Stock Transfer Co., Inc.

200 Memorial
Parkway

Atlantic
Highlands. NJ 07716

 

Ladies
and Gentlemen:

 

NYBD Holding,
Inc. a California corporation (the "Company") and Redwood Management, LI.0 (the "Investor") have entered into
a convertible debenture dated 11/29/13 (the "Debenture ") providing for, among other things, the issuance of a Convertible
Debenture in the principal amount of $50,000 plus interest (the "Debenture").

 

A copy
of the DEBEN 1' U R F is attached hereto. You should familiarize yourself with your issuance and delivery obligations, as Transfer
Agent, contained therein. The shares to be issued are to be registered in the names of the registered holder of the securities
submitted for conversion or exercise.

 

You are
hereby irrevocably authorized and instructed to reserve a sufficient number of shares of common stock ("Common Stock")
of the company (initial shares) for issuance upon full conversion of the debt in accordance with the terms thereof. The amount
of Common Stock to be initially reserved is 4 Million shares and may be increased from time to time by written instructions of
the Company and Investor. The reserve is in addition to any share issuance pursuant to the Securities Settlement dated 11/29/13.

 

The ability
to convert the Note in a timely manner is a material obligation of the Company pursuant to the Debenture. Your firm is hereby
irrevocably authorized and instructed to issue shares of Common Stock of the Company (without any restrictive legend) to the Investor
without any further action or confirmation by the Company: (A) upon your receipt from the Investor of: (I) a notice
of conversion ("Conversion Notice") executed by the Investor; and (ii) an opinion of counsel of the Investor, in form,
substance and scope customary for opinions of counsel in comparable transactions (and satisfactory to the transfer agent), to
the effect that the shares of Common Stock of the Company issued to the Investor pursuant to the Conversion Notice are not "restricted
securities" as defined in Rule 144 and should be issued to the Investor without any restrictive legend; and (B) the number
of shares to be issued is less than 4.99% (or 9.99% if the Company is a non-reporting entity) of the total issued common stock
of the Company.

 

Your firm
will not delay in processing any Conversion notices owing to the fact the Company is in arrears of its fees and other monies owed
to your firm, provided that the Investor agrees that each time a Conversion Notice is delivered to your firm, and the Company
is in arrears or has otherwise been placed on financial hold, the Company authorizes your firm to notify the investor that the
Company is currently on financial hold and the investor agrees to pre-pay the full cost of processing the conversion notice. The
fees charged will be the normal fees charged according to the schedule then in force.

 

    	17

    	 

    

 

The Company
hereby requests that your firm act immediately, without delay and without the need for ANY ACTION or CONFIRMATION by the
Company with respect to the issuance of Common Stock pursuant to any Conversion Notices received from the Investor.

 

The Company
shall indemnify you and your officers, directors, principals, partners, agents and representatives, and hold each of them harmless
from and against any and all loss, liability, damage, claim or expense (including the reasonable fees and disbursements of its
attorneys) incurred by or asserted against you or any of them arising out of or in connection with the instructions set forth
herein, the performance of your duties hereunder and otherwise in respect hereof, including the costs and expenses of defending
yourself or themselves against any claim or liability hereunder, except that the Company shall not be liable hereunder as to matters
in respect of which it is determined that you have acted with gross negligence or in bad faith. Claimant shall have no liability
to the Company in respect to any action taken or any failure to act in respect of this if such action was taken or omitted to
be taken in good faith, and you shall be entitled to rely in this regard on the advice of counsel.

 

The
Board of Directors of the Company has approved the foregoing (irrevocable instructions) and does hereby extend the Company's irrevocable
agreement to indemnify your firms for all loss, liability or expense in carrying out the authority and direction herein contained
on the terms herein set forth.

 

The Company
agrees that in the event that you resign as the Company's transfer agent. the Company shall engage a suitable replacement transfer
agent that will agree to serve as transfer agent for the Company and be bound by the terms and conditions of these Irrevocable
Instructions within five (5) business days.

 

The Investor
is intended to be and is a third party beneficiary hereof, and no amendment or modification to the instructions set forth herein
may be made without the consent of the Investor.

 

The investor
and Company expressly understand and agree that nothing in this irrevocable Transfer instruction Agreement shall require or be
construed in any way to require the transfer agent to do. take or not do take any action that would he contrary to any Federal
or State law, rule, or regulation including but expressly not limited to both the Securities Act of 1933 and the Securities and
Exchange Act of' 1934 as amended and the rules and regulations promulgated there under.

 

Very truly
yours,

 

Robert
Rico 

CEO

 

Acknowledged
and Agreed:

 

Olde Monmouth
Stock Transfer Co., Inc.

 

	By:	/s/
    Jeff English	 
	Name:	Jeff English	 
	Title:	VP	 

 

 

18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}]]