Document:

EXHIBIT (10(167)

 

NEITHER
THIS SECURITY NOR THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE BEEN REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE OR UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES ARE RESTRICTED
AND MAY NOT BE OFFERED, RESOLD, PLEDGED OR TRANSFERRED EXCEPT AS PERMITTED UNDER THE ACT PURSUANT TO REGISTRATION OR EXEMPTION
OR SAFE HARBOR THEREFROM.

 

	No.	US $25,000.00

 

ATTITUDE
DRINKS INCORPORATED

PROMISSORY NOTE DUE MAY 31, 2016

 

THIS Note is a duly authorized issuance
of up to $25,000.00 of ATTITUDE DRINKS INCORPORATED, a Delaware corporation and located at 712 U.S. Highway 1, Suite #200, North
Palm Beach, Florida 33408 (the "Company") designated as its Note, pursuant to the Consulting Agreement entered into by
the Company and the Holder as of July 19, 2012.

 

FOR VALUE RECEIVED,
the Company promises to pay to SOUTHRIDGE PARTNERS II, LP, the registered holder hereof (the "Holder"), the principal
sum of twenty five thousand and 00/100 Dollars (US $25,000.00) on May 31, 2016 (the "Maturity Date"). The principal of
this Note is payable at the option of the Holder at any time after the Maturity Date, in shares of the Company's common stock,
$.00001 par value per share ("Common Stock") as set forth below, or in United States dollars, at the address last appearing
on the Note Register of the Company as designated in writing by the Holder. The Company will pay the outstanding principal amount
of this Note in cash on the Maturity Date to the registered holder of this Note. The forwarding of such wire transfer shall constitute
a payment hereunder and shall satisfy and discharge the liability for principal on this Note to the extent of the sum represented
by such check or wire transfer plus any amounts so deducted.

 

This Note is subject to the following additional provisions:

 

1.          The
Note is issuable in denominations of Ten Thousand Dollars (US$10,000) and integral multiples thereof, provided that the
number of shares to be issued upon conversion is a minimum of 3,000 (unless if at the time of election to convert the number
of shares of Common Stock issuable upon conversion is less than 3,000). The Note is exchangeable for an equal aggregate
principal amount of Note of different authorized denominations, as requested by the Holder surrendering the same. No service
charge will be made for such registration or transfer or exchange.

 

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2.          The
Holder of this Note is entitled any time after the Maturity Date, subject to the following provisions, to convert all or a portion
of the principal amount of this Note into shares of Common Stock at a conversion price for each share of Common Stock equal to
the Current Market Price multiplied by eighty percent (80%) (the "Conversion Price"). "Current Market Price"
means the average of the closing bid prices for the Common Stock as reported by Bloomberg, LP or, if not so reported, as reported
on the over-the-counter market, for the five (5) trading days ending on the trading day immediately before the relevant Conversion
Date (as defined below). The amount of shares issuable pursuant to a conversion shall equal the principal amount (or portion thereof)
of the Note to be converted, divided by the Conversion Price.

 

Conversion shall be
effectuated by surrendering the Note to the Company, accompanied by or preceded by facsimile or other delivery to the Company
of the form of conversion notice attached hereto as Exhibit A, executed by the Holder evidencing such Holder's intention to convert
a specified portion hereof No fractional shares of Common Stock or scrip representing fractions of shares will be issued on conversion,
but the number of shares issuable shall be rounded to the nearest whole share. The date on which notice of conversion is given
(the "Conversion Date") shall be deemed to be the date on which the Holder faxes or otherwise delivers the conversion
notice ("Notice of Conversion"), substantially in the form annexed hereto as Exhibit A, duly executed, to the Company.
Facsimile delivery of the Notice of Conversion shall be accepted by the Company at facsimile number ________) ATTN: Chief
Financial Officer. Certificates representing Common Stock upon conversion will be delivered within three (3) business days from the Conversion Date. ("Delivery Date")

 

The Company understands
that a delay in the issuance of the Shares of Common Stock beyond the Delivery Date (as defined in this Section) could result in
economic loss to the Holder. As compensation to the Holder for such loss, the Company agrees to pay late payments to the Holder
for late issuance of Shares upon Conversion, unless the delay is due to causes beyond the reasonable control of the Company or
the Transfer Agent, in accordance with the following schedule (where "No. Business Days Late" refers to the number of
business days which is beyond three (3)) business days after the Delivery Date):'

 

	 	 	Late Payment For Each $10,000	 
	 	 	of Note Principal or Interest	 
	No. Business Days Late	 	Amount Being Converted	 
	 	 	 	 
	1	 	$	100	 
	2	 	$	200	 
	3	 	$	300	 
	4	 	$	400	 
	5	 	$	500	 
	6	 	$	600	 
	7	 	$	700	 
	8	 	$	800	 
	9	 	$	900	 
	10	 	$	1,000	 
	>10	 	$1,000+$200 for each Business Day Late  beyond 10 days	 

  

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The Company shall pay
any payments incurred under this Section in immediately available funds upon demand as the Holder's remedy for such delay. Furthermore,
in addition to any other remedies which may be available to the Holder, in the event that the Company fails for any reason to effect
delivery of such shares of Common Stock by close of business on the Delivery Date, unless such failure is due to causes beyond
the Company's reasonable control or that of its Transfer Agent, the Holder will be entitled to revoke the relevant Notice of Conversion
by delivering a notice to such effect to the Company, whereupon the Company and the Holder shall each be restored to their respective
positions immediately prior to delivery of such Notice of Conversion; provided, however, that an amount equal to any payments contemplated
by this Section which have accrued through the date of such revocation notice shall remain due and owing to the Converting Holder
notwithstanding such revocation.

 

If, by the relevant
Delivery Date, the Company fails, unless such failure is due to causes beyond the Company's reasonable control or that of its Transfer
Agent, for any reason to deliver the Shares to be issued upon conversion of the Note and after such Delivery Date, the Holder of
the Note being converted (a "Converting Holder") purchases, in an arm's-length open market transaction or otherwise,
shares of Common Stock (the "Covering Shares") in order to make delivery in satisfaction of a sale of Common Stock by
the Converting Holder (the "Sold Shares"), which delivery such Converting Holder anticipated to make using the Shares
to be issued upon such conversion (a "Buy-In"), the Converting Holder shall have the right, to require the Company to
pay to the Converting Holder, in addition to and not in lieu of the amounts due hereunder (but in addition to all other amounts
contemplated in other provisions of the Transaction Agreements, and not in lieu of any such other amounts), the Buy-In Adjustment
Amount (as defined below). The "Buy-hi Adjustment Amount" is the amount equal to the excess, if any, of (x) the Converting
Holder's total purchase price (including brokerage commissions, if any) for the Covering Shares over (y) the net proceeds (after
brokerage commissions, if any) received by the Converting Holder from the sale of the Sold Shares. The Company shall pay the Buy-In
Adjustment Amount to the Company in immediately available funds immediately upon demand by the Converting Holder. By way of illustration
and not in limitation of the foregoing, if the Converting Holder purchases shares of Common Stock having a total purchase price
(including brokerage commissions) of $11,000 to cover a Buy-1n with respect to shares of Common Stock it sold for net proceeds
of $10,000, the Buy-In Adjustment Amount which Company will be required to pay to the Converting Holder will be $1,000.

 

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In lieu of delivering physical certificates
representing the Common Stock issuable upon conversion,
provided the Company's Transfer Agent is participating in the Depository Trust Company ("DTC") Fast Automated Securities
Transfer program, upon request of the Holder and its compliance with the provisions contained in this paragraph, so long as the
certificates therefore do not bear a legend and the Holder thereof is not obligated to return such certificate for the placement
of a legend thereon, the Company shall use its best efforts to cause its transfer agent to electronically transmit the Common
Stock issuable upon conversion to the Holder by crediting the account of Holder's Prime Broker with DTC through its Deposit Withdrawal
Agent Commission system.

 

The
Holder of the Note shall be entitled to exercise its conversion privilege with respect to the Note notwithstanding the commencement
of any case under 11 U.S.C. §101 et seq. (the "Bankruptcy Code"). In
the event the Company is a debtor under the Bankruptcy Code, the Company hereby waives, to the fullest extent permitted, any rights
to relief it may have under 11 U. S .C. §362 in respect of such holder's conversion privilege. The Company hereby waives,
to the fullest extent permitted, any rights to relief it may have under 11 U.S.C. §362 in respect of the conversion of the
Note.

 

3.          This
Note has been issued subject to investment representations of the original purchaser hereof and may be transferred or exchanged
only in compliance with the Securities Act of 1933, as amended (the "Act"), and other applicable state and foreign securities
laws. In the event of any proposed transfer of this Note, the Company may require, prior to issuance of a new Note in the name
of such other person, that it receive reasonable transfer documentation including legal opinions that the issuance of the Note
in such other name does not and will not cause a violation of the Act or any applicable state or foreign securities laws. Prior
to due presentment for transfer of this Note, the Company and any agent of the Company may treat the person in whose name this
Note is duly registered on the Company's Note Register as the owner hereof for the purpose of receiving payment as herein provided
and for all other purposes, whether or not this Note be overdue, and neither the Company nor any such agent shall be affected by
notice to the contrary.

 

4.          No
provision of this Note shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal
of this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a direct obligation of
the Company.

 

5.          The
Holder of the Note, by acceptance hereof, agrees that this Note is being acquired for investment and that such Holder will not
offer, sell or otherwise dispose of this Note or the shares of Common Stock issuable upon conversion thereof except under circumstances
which will not result in a violation of the Act or any applicable state Blue Sky or foreign laws or similar laws relating to the
sale of securities.

 

6.          This
Note shall be governed by and construed in accordance with the laws of the State of Connecticut. Each of the parties consents to
the jurisdiction of the federal or state courts whose districts encompass any part of the State of Connecticut in connection with
any dispute arising under this Note and hereby waives, to the maximum extent permitted by law, any objection, including any objection
based on forum non coveniens, to the bringing of any such proceeding in such jurisdictions.

 

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Each
of the parties hereby waives the right to a trial by jury in connection with any dispute arising under this Note.

 

7.          The
following shall constitute an "Event of Default":

 

a.           The
Company shall default in the payment of principal and interest on this Note and same shall continue for a period of five (5) days;
or

 

b.           Any
of the representations or warranties made by the Company herein, in any certificate or financial or other written statements heretofore
or hereafter furnished by the Company in connection with the execution and delivery of this Note shall be false or misleading in
any material respect at the time made; or

 

c.           The
Company shall fail to perform or observe, in any material respect, any other covenant, term, provision, condition, agreement or
obligation of any Note and such failure shall continue uncured for a period of thirty (30) days after written notice from the Holder
of such failure; or

 

d.           The
Company fails to authorize or to cause its Transfer Agent to issue shares of Common Stock upon exercise by the Holder of the conversion
rights of the Holder in accordance with the terms of this Note, fails to transfer or to cause its Transfer Agent to transfer any
certificate for shares of Common Stock issued to the Holder upon conversion of this Note and when required by this Note, and such
transfer is otherwise lawful, or fails to remove any restrictive legend on any certificate or fails to cause its Transfer Agent
to remove such restricted legend, in each case where such removal is lawful, as and when required by this Note, the Agreement,
and any such failure shall continue uncured for ten (10) business days; or

 

e.           The
Company shall (1) admit in writing its inability to pay its debts generally as they mature; (2) make an assignment for the benefit
of creditors or commence proceedings for its dissolution; or (3) apply for or consent to the appointment of a trustee, liquidator
or receiver for its or for a substantial part of its property or business; or

 

f.            A
trustee, liquidator or receiver shall be appointed for the Company or for a substantial part of its property or business without
its consent and shall not be discharged within sixty (60) days after such appointment; or

 

g.           Any
governmental agency or any court of competent jurisdiction at the instance of any governmental agency shall assume custody or control
of the whole or any
substantial portion of the properties or assets of the Company and shall not be dismissed within sixty (60) days thereafter; or

 

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h.           Any
money judgment, writ or warrant of attachment, or similar process in excess of Two Hundred Thousand ($200,000) Dollars in the
aggregate shall be entered or filed against the Company or any of its properties or other assets and shall remain unpaid, unvacated,
unbonded or unstayed for a period of sixty (60) days or in any event later than five (5) days prior to the date of any proposed
sale thereunder; or

 

Bankruptcy, reorganization, insolvency
or liquidation proceedings or other proceedings for relief under any bankruptcy law or any law for the relief of debtors shall
be instituted by or against the Company and, if instituted against the Company, shall not be dismissed within sixty (60) days after
such institution or the Company shall by any action or answer approve of; consent to, or acquiesce in any such proceedings or admit
the material allegations of, or default in answering a petition filed in any such proceeding; or

 

The Company shall have its Common
Stock suspended or delisted from an exchange or over-the-counter market from trading for in excess of five trading days.

 

Then, or at any time
thereafter, and in each and every such case, unless such Event of Default shall have been waived in writing by the Holder (which
waiver shall not be deemed to be a waiver of any subsequent default) at the option of the Holder and in the Holders sole discretion,
the Holder may consider all obligations under this Note immediately due and payable within five (5) days of notice, without presentment,
demand, protest or notice of any kinds, all of which are hereby expressly waived, anything herein or in any note or other instruments
contained to the contrary notwithstanding, and the Holder may immediately enforce any and all of the Holders rights and remedies
provided herein or any other rights or remedies afforded by law.

 

8.          The
Holder may not convert this Note 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 Exchange Act and the rules promulgated thereunder)
in excess of 9.999% of the then issued and outstanding shares of Common Stock held by such Holder after application of this Section.
Since the Holder will not be obligated to report to the Company the number of shares of Common Stock it may hold at the time of
a conversion hereunder, unless the conversion at issue would result in the issuance of shares of Common Stock in excess of 9.999%
of the then outstanding shares of Common Stock without regard to any other shares which may be beneficially owned by the Holder
or an affiliate thereof; the Holder shall have the authority and obligation to determine whether the restriction contained in
this Section will limit any particular conversion hereunder and to the extent that the Holder determines that the limitation contained
in this Section applies, the determination of which portion of the principal amount of Note are convertible shall be the responsibility
and obligation of the Holder. If the Holder has delivered a Conversion Notice for a principal amount of Note that would result
in the issuance of in excess of the permitted amount hereunder, without regard to any other shares that the Holder or its affiliates
may beneficially own, the Company shall notify the Holder of this fact and shall honor the conversion for the maximum principal
amount permitted to be converted on such Conversion Date and, at the option of the Holder, either retain any principal amount
tendered for conversion in excess of the permitted amount hereunder for future conversions or return such excess principal amount
to the Holder. The provisions of this Section may be waived by a Holder (but only as to itself and not to any other Holder) upon
not less than 65 days prior notice to the Company. Other Holders shall be unaffected by any such waiver.

 

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9.          Nothing
contained in this Note shall be construed as conferring upon the Holder the right to vote or to receive dividends or to consent
or receive notice as a shareholder in respect of any meeting of shareholders or any rights whatsoever as a shareholder of the
Company, unless and to the extent converted in accordance with the terms hereof.

 

IN WITNES
S WHEREOF, the Company has caused this instrument to be duly executed by an officer thereunto duly authorized.

 

Dated: January 1, 2015

 

	 	ATTITUDE DRINKS INCORPORATED
	 	 
	 	/s/ Roy G. Warren
	 	By:	Roy G. Warren
	 	Title  President and CEO

 

	ATTESTOR	 

 

	By:	/s/ Debra L. Lieblong	 

	Name: 	Debra L. LieblongExhibit 10.168 

 

EXIBIT (10)(168)

 

FORM OF CONVERTBLE NOTE JANUARY 14,
2015

 

NEITHER THE ISSUANCE AND SALE OF THE
SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER, AT THE COMPANY’S EXPENSE),
IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE
144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT
OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

	Principal Amount: $XXXXX	Issue Date: January 14, 2015

 

CONVERTIBLE PROMISSORY NOTE

 

FOR VALUE RECEIVED, ATTITUDE DRINKS, INC., a Delaware
corporation (hereinafter called “Borrower”), hereby promises to pay to the order of XXXXXX (the “Holder”),
address at XXXXXXXXXXXXX, without demand, the sum of up to $XXXXXX (“Principal Amount”), with
interest accruing thereon, on January 14, 2017 (the “Maturity Date”), if not sooner paid or modified as permitted
herein.

 

ARTICLE I

 

GENERAL PROVISIONS

 

1.1           Interest
Rate. Interest on this Note shall accrue at the annual rate of ten percent (10%). Interest will be payable commencing on the
last business day of the sixth (6th) month anniversary of the Issue Date and on the first day of each month thereafter
and on the Maturity Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and
payable, or sooner as described below. Interest will be payable in cash or Common Stock, at the election of the Borrower, and subject
to Section 2.1, with shares of Common Stock at a per share value equal to the applicable conversion price set forth in Section
2.1(b). Interest may be paid at the Company’s election in cash or Common Stock immediately to the extent resellable pursuant
to Rule 144 to the extent such share issuance is not limited by transfer or volume restrictions and provided such payment in Common
Stock would not cause the Holder to exceed the restrictions on ownership set forth in Section 2.3.

 

1.2           Payment
Grace Period. The Borrower shall not have any grace period to pay any monetary amounts due under this Note. After the Maturity
Date and during the pendency of an Event of Default, (as defined in Article IV) a default interest rate of twenty percent (20%)
per annum shall be in effect.

 

1.3           Conversion
Privileges. The Conversion Rights set forth in Article II shall remain in full force and effect immediately from the
date hereof and until the Note is paid in full regardless of the occurrence of an Event of Default. This Note shall be payable
in full on the Maturity Date, unless previously converted into Common Stock in accordance with Article II hereof.

 

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1.4          Omitted.

 

1.5          Miscellaneous.
Interest on this Note shall be calculated on the basis of a 360-day year and the actual number of days elapsed. Principal and interest
on this Note and other payments in connection with this Note shall be payable at the Holder’s offices as designated above
in lawful money of the United States of America in immediately available funds without set-off, deduction or counterclaim. Upon
assignment of the interest of Holder in this Note, Borrower shall instead make its payment pursuant to the assignee’s instructions
upon receipt of written notice thereof.

 

ARTICLE II

 

CONVERSION RIGHTS

 

The Holder shall have
the right to convert the principal and any interest due under this Note into Shares of the Borrower’s Common Stock, $0.00001
par value per share (“Common Stock”) as set forth below.

 

2.1.         Conversion
into the Borrower’s Common Stock.

 

(a)          The
Holder shall have the right from and after the date of the issuance of this Note and then at any time until this Note is fully
paid, to convert any outstanding and unpaid principal portion of this Note, and accrued but unpaid interest, at the election of
the Holder (the date of giving of such notice of conversion being a “Conversion Date”) into fully paid and non-assessable
shares of Common Stock as such stock exists on the date of issuance of this Note, or any shares of capital stock of Borrower into
which such Common Stock shall hereafter be changed or reclassified, at the conversion price as defined in Section 2.1(b)
hereof, determined as provided herein. Upon delivery to the Borrower of a completed Notice of Conversion, a form of which is annexed
hereto as Exhibit A, Borrower shall issue and deliver to the Holder within three (3) business days after the Conversion
Date (such third day being the “Delivery Date”) that number of shares of Common Stock for the portion of the
Note converted in accordance with the foregoing. The Holder will not be required to surrender the Note to the Borrower until the
Note has been fully converted or satisfied. The number of shares of Common Stock to be issued upon each conversion of this Note
shall be determined by dividing that portion of the principal of the Note and interest, if any, to be converted, by the Conversion
Price.

 

(b)          Subject
to adjustment as provided in Section 2.1(c) hereof, the conversion price (“Conversion Price”) per share
shall be equal to seventy-five percent (75%) of the average of the three lowest closing bid prices for the Common Stock as reported
by Bloomberg L.P. for the Principal Market for the ten trading days preceding a Conversion Date, but in no event greater than $0.02.

 

(c)          The
Conversion Price and number and kind of shares or other securities to be issued upon conversion determined pursuant to Section
2.1(a), shall be subject to adjustment from time to time upon the happening of certain events while this conversion right remains
outstanding, as follows:

 

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A.           Merger,
Sale of Assets, etc. If (A) the Borrower effects any merger or consolidation of the Borrower with or into another entity, (B)
the Borrower 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 Borrower or another entity) is completed pursuant to which holders of Common Stock are
permitted to tender or exchange their shares for other securities, cash or property, (D) the Borrower consummates a stock purchase
agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme
of arrangement) with one or more persons or entities whereby such other persons or entities acquire more than the 50% of the outstanding
shares of Common Stock (not including any shares of Common Stock held by such other persons or entities making or party to, or
associated or affiliated with the other persons or entities making or party to, such stock purchase agreement or other business
combination), (E) any “person” or “group” (as these terms are used for purposes of Sections 13(d) and 14(d)
of the 1934 Act) is or shall become the “beneficial owner” (as defined in Rule 13d-3 under the 1934 Act), directly
or indirectly, of 50% of the aggregate Common Stock of the Borrower), or (F) the Borrower 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 (other than a reverse merger) (in any such case, a “Fundamental Transaction”),
this Note, as to the unpaid principal portion thereof and accrued interest thereon, if any, shall thereafter be deemed to evidence
the right to convert into such number and kind of shares or other securities and property as would have been issuable or distributable
on account of such Fundamental Transaction, upon or with respect to the securities subject to the conversion right immediately
prior to such Fundamental Transaction. The foregoing provision shall similarly apply to successive Fundamental Transactions of
a similar nature by any such successor or purchaser. Without limiting the generality of the foregoing, the anti-dilution provisions
of this Section shall apply to such securities of such successor or purchaser after any such Fundamental Transaction.

 

B.           Reclassification,
etc. If the Borrower at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different
number of securities of any class or classes that may be issued or outstanding, this Note, as to the unpaid principal portion thereof
and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities
and kind of securities as would have been issuable as the result of such change with respect to the Common Stock immediately prior
to such reclassification or other change.

 

C.           Stock
Splits, Combinations and Dividends. If the shares of Common Stock are subdivided or combined into a greater or smaller number
of shares of Common Stock, or if a dividend is paid on the Common Stock in shares of Common Stock, the Conversion Price shall be
proportionately reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination
of shares, in each such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event
bears to the total number of shares of Common Stock outstanding immediately prior to such event.

 

D.           Share
Issuance. So long as this Note is outstanding, if the Borrower shall issue any Common Stock except for the Excepted Issuances
(as defined in Section 12(a) of the Subscription Agreement), prior to the complete conversion or payment of this Note, for a consideration
per share that is less than the Conversion Price that would be in effect at the time of such issue, then, and thereafter successively
upon each such issuance, the Conversion Price shall be reduced to such other lower issue price. For purposes of this adjustment,
the issuance of any security or debt instrument of the Borrower carrying the right to convert such security or debt instrument
into Common Stock or of any warrant, right or option to purchase Common Stock shall result in an adjustment to the Conversion Price
upon the issuance of the above-described security, debt instrument, warrant, right, or option and again upon the issuance of shares
of Common Stock upon exercise of such conversion or purchase rights if such issuance is at a price lower than the then applicable
Conversion Price. Common Stock issued or issuable by the Borrower for no consideration will be deemed issuable or to have been
issued for $0.00001 per share of Common Stock.

 

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(d)          Whenever
the Conversion Price is adjusted pursuant to Section 2.1(c) above, the Borrower shall promptly, but not later than the fifth
(5th) business day after the effectiveness of the adjustment, provide notice to the Holder setting forth the Conversion
Price after such adjustment and setting forth a statement of the facts requiring such adjustment. Failure to provide the foregoing
notice is an Event of Default under this Note.

 

(e)          During
the period the conversion right exists, Borrower will reserve from its authorized and unissued Common Stock not less than an amount
of Common Stock equal to 150% of the amount of shares of Common Stock issuable upon the full conversion of this Note. Borrower
represents that upon issuance, such shares will be duly and validly issued, fully paid and non-assessable. Borrower agrees that
its issuance of this Note shall constitute full authority to its officers, agents, and transfer agents who are charged with the
duty of executing and issuing stock certificates to execute and issue the necessary certificates for shares of Common Stock upon
the conversion of this Note.

 

2.2          Method
of Conversion. This Note may be converted by the Holder in whole or in part as described in Section 2.1(a) hereof and
the Subscription Agreement. Upon partial conversion of this Note, a new Note containing the same date and provisions of this Note
shall, at the request of the Holder, be issued by the Borrower to the Holder for the principal balance of this Note and interest
which shall not have been converted or paid, upon surrender of the existing Note.

 

2.3.         Maximum
Conversion. The Holder shall not be entitled to convert on a Conversion Date that amount of the Note in connection with that
number of shares of Common Stock which would be in excess of the sum of (i) the number of shares of Common Stock beneficially owned
by the Holder and its affiliates on a Conversion Date, (ii) any Common Stock issuable in connection with the unconverted portion
of the Note, and (iii) the number of shares of Common Stock issuable upon the conversion of the Note with respect to which the
determination of this provision is being made on a Conversion Date, which would result in beneficial ownership by the Holder and
its affiliates of more than 9.99% of the outstanding shares of Common Stock of the Borrower on such Conversion Date. For the purposes
of the provision to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d)
of the Securities Exchange Act of 1934, as amended, and Regulation 13d-3 thereunder. Subject to the foregoing, the Holder shall
not be limited to aggregate conversions of 9.99%. The Holder shall have the authority to determine whether the restriction contained
in this Section 2.3 will limit any conversion hereunder and the extent such limitation applies and to which convertible
or exercisable instrument or part thereof such limitation applies. The Holder may waive the conversion limitation described in
this Section 2.3, in whole or in part, upon and effective after 61 days prior written notice to the Borrower to increase
such percentage up to 9.99%.

 

ARTICLE III

 

ACCELERATION AND REDEMPTION

 

3.1.         Redemption.
This Note may not be prepaid, converted, redeemed or called by the Borrower without the consent of the Holder except as described
in this Note.

 

3.2.         Fundamental
Transaction. Upon the occurrence of a Fundamental Transaction, then in addition to the Holder’s rights described in Section
2.1(c)(A), until twenty (20) business days after the Borrower notifies the Holder of the occurrence of the Fundamental Transaction,
the Holder may elect to accelerate the Maturity Date as of the date of the Fundamental Transaction and receive payment for the
then outstanding Principal Amount, and any other amount owed to the Holder pursuant to the Transaction Documents.

 

    	4

    	 

    

 

3.3.          Mandatory
Conversion. Provided that all of the shares of Common Stock issuable upon conversion of the entire outstanding Principal Amount
and accrued interest may be transferred by the Holder without restrictive legends, are free-trading stock and not subject to further
restrictions on transfer and further provided an Event of Default or an event which with the passage of time or giving of notice
could become an Event of Default has not occurred, then, until the Maturity Date, the Borrower will have the one-time option with
a thirty (30) day prior written notice to the Holder (“Notice of Mandatory Conversion”) of compelling the Holder
to convert all or a portion of the outstanding and unpaid principal of the Note and interest into Common Stock at the Conversion
Price then in affect (“Mandatory Conversion”). The Notice of Mandatory Conversion, which notice must be given
on the first business day following thirty (30) consecutive trading days (“Lookback Period”) during which the
closing price for the Common Stock as reported by Bloomberg, LP for the Principal Market shall be equal to or greater than $0.12,
each such trading day and during which Lookback Period, the average daily trading volume as reported by Bloomberg L.P. for the
Principal Market is not less than 500,000 shares. The date the Notice of Mandatory Conversion is given is the “Mandatory
Conversion Date.” The Notice of Mandatory Conversion shall specify the aggregate principal amount of the Note and interest
which is subject to Mandatory Conversion. The Borrower shall reduce the amount of Note principal and interest subject to a Notice
of Mandatory Conversion by the amount of Note Principal and interest for which the Holder had delivered a Notice of Conversion
to the Borrower during the Lookback Period. Each Mandatory Conversion Date shall be a deemed Conversion Date and the Borrower will
be required to deliver the Common Stock issuable pursuant to a Mandatory Conversion Notice in the same manner and time period as
described in this Note and in the Subscription Agreement. A Notice of Mandatory Conversion may be given only in connection with
an amount of Common Stock which would not cause the Holder to exceed the 4.99% beneficial ownership limitation set forth in Section
2.3 of this Note. Failure by the Borrower to deliver the Common Stock issuable upon Mandatory Conversion on the Delivery Date
will be a non-curable Event of Default. The trading volume and closing price set forth above will be equitably adjusted to offset
the effect of stock splits, stock dividends and similar events.

 

3.4.          Optional
Redemption of Principal Amount. Provided an Event of Default or an event which with the passage of time or the giving of notice
could become an Event of Default has not occurred, whether or not such Event of Default has been cured, the Borrower will have
the option of prepaying the outstanding Principal amount of this Note (“Optional Redemption”), in whole or in
part, by paying to the Holder a sum of money equal to one hundred and twenty percent (120%) of the Principal amount to be redeemed,
together with accrued but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under
this Note or any Transaction Document through the Redemption Payment Date as defined below (the “Redemption Amount”).
Borrower’s election to exercise its right to prepay must be by notice in writing (“Notice of Redemption”).
The Notice of Redemption shall specify the date for such Optional Redemption (the “Redemption Payment Date”),
which date shall be at least thirty (30) business days after the date of the Notice of Redemption (the “Redemption Period”).
A Notice of Redemption shall not be effective with respect to any portion of the Principal Amount for which the Holder has previously
delivered an election to convert, or subject to the previous sentence, for conversions initiated or made by the Holder during the
Redemption Period. On the Redemption Payment Date, the Redemption Amount, less any portion of the Redemption Amount against which
the Holder has permissibly exercised its conversion rights, shall be paid in good funds to the Holder. In the event the Borrower
fails to pay the Redemption Amount on the Redemption Payment Date as set forth herein, then (i) such Notice of Redemption will
be null and void, (ii) Borrower will have no right to deliver another Notice of Redemption, and (iii) Borrower’s failure
may be deemed by Holder to be a non-curable Event of Default. A Notice of Redemption may not be given nor may the Borrower effectuate
a Redemption without the consent of the Holder, if at any time during the Redemption Period an Event of Default, or an event which
with the passage of time or giving of notice could become an Event of Default (whether or not such Event of Default has been cured),
has occurred. During the Optional Redemption Period, the Company must abide by all of its obligations to the Note Holder.

 

    	5

    	 

    

 

ARTICLE IV

 

EVENT OF DEFAULT

 

The occurrence of any
of the following events of default (“Event of Default”) occurring after Closing and not otherwise disclosed
on the Subscription Agreement and schedules thereto, shall, at the option of the Holder hereof, make all sums of principal and
interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, upon demand, without
presentment or grace period, all of which hereby are expressly waived, except as set forth below:

 

4.1           Failure
to Pay Principal or Interest. The Borrower (i) fails to pay any installment of principal under this Note when due or (ii) fails
to pay any interest or other sums due under this Note within three (3) days after such amounts are due.

 

4.2           Breach
of Covenant. The Borrower or any Subsidiary breaches any material covenant or other term or condition of this Note, except
for a breach of payment, in any material respect and such breach, if subject to cure, continues for a period of ten (10) days after
written notice to the Borrower from the Holder.

 

4.3           Breach
of Representations and Warranties. Any material representation or warranty of the Borrower made herein shall be false or misleading
in any material respect as of the date made and the Closing Date.

 

4.4           Liquidation.
Any dissolution, liquidation or winding up by Borrower or a Subsidiary of a substantial portion of their business.

 

4.5           Cessation
of Operations. Any cessation of operations by Borrower or a Subsidiary.

 

4.6           Maintenance
of Assets. The failure by Borrower or any Subsidiary to maintain any material intellectual property rights, personal, real
property, equipment, leases or other assets which are necessary to conduct its business (whether now or in the future) and such
breach is not cured with fifteen (15) days after written notice to the Borrower from the Holder.

 

4.7           Receiver
or Trustee. The Borrower or any Subsidiary shall make an assignment for the benefit of creditors, or apply for or consent to
the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee
shall otherwise be appointed.

 

4.8           Judgments.
Any money judgment, writ or similar final process shall be entered or made in a non-appealable adjudication against Borrower or
any Subsidiary or any of its property or other assets for more than $200,000 in excess of the Borrower’s insurance coverage,
unless stayed vacated or satisfied within thirty (30) days.

 

4.9           Bankruptcy.
Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any
law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower
or any Subsidiary.

 

4.10         Delisting.
An event resulting in the Common Stock no longer being quoted on the Over-The-Counter Bulletin Board (the “OTCBB”);
failure to comply with the requirements for continued quotation on the OTCBB for a period of seven (7) consecutive trading days;
or notification from the OTCBB that the Borrower is not in compliance with the conditions for such continued quotation and such
non-compliance continues for seven (7) days following such notification.

 

    	6

    	 

    

 

4.11         Omitted.

 

4.12         Stop
Trade. An SEC or judicial stop trade order or OTCBB suspension that lasts for ten (10) or more consecutive trading days.

 

4.13         Failure
to Deliver Common Stock or Replacement Note. Borrower’s failures to timely deliver Common Stock to the Holder pursuant
to and in the form required by this Note, and the Warrant or, if required, a replacement Note following a partial conversion.

 

4.14         Reservation
Default. Failure by the Borrower to have reserved for issuance upon conversion of the Note or upon exercise of the Warrants,
the number of shares of Common Stock as required in this Note and the Warrants, and such failure continues for a period of thirty
(30) business days.

 

4.15         Financial
Statement Restatement. The restatement after the date hereof of any financial statements filed by the Borrower with the Securities
and Exchange Commission for any date or period from two years prior to the Issue Date of this Note and until this Note is no longer
outstanding, if the result of such restatement would, by comparison to the unrestated financial statements, have constituted a
Material Adverse Effect. For the avoidance of doubt, any restatement related to new accounting pronouncements, including without
limitation, for derivative accounting shall not constitute a default under this Section 4.15.

 

4.16         Omitted.

 

4.17         Reverse
Splits. The Borrower effectuates a reverse split of its Common Stock without twenty (20) days prior written notice to the Holder.

 

4.18         Omitted.

 

4.19         Notification
Failure. A failure by Borrower to notify Holder of any material event of which Borrower is obligated to notify Holder pursuant
to the terms of this Note or any other Transaction Document.

 

4.20         Cross
Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the
Borrower and Holder are parties, or the occurrence of an event of default under any such other agreement to which Borrower and
Holder are parties which is not cured after any required notice and/or cure period.

 

4.21         Other
Note Default. The occurrence of an Event of Default under any Other Note registered to Holder.

 

    	7

    	 

    

 

ARTICLE V

 

Omitted.

 

ARTICLE VI

 

MISCELLANEOUS

 

6.1           Failure
or Indulgence Not Waiver. No failure or delay on the part of the Holder hereof in the exercise of any power, right or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude
other or further exercise thereof or of any other right, power or privilege. All rights and remedies existing hereunder are cumulative
to, and not exclusive of, any rights or remedies otherwise available.

 

6.2           Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified
most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed
effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine,
at the address or number designated below (if delivered on a business day during normal business hours where such notice is to
be received), or the first business day following such delivery (if delivered other than on a business day during normal business
hours where such notice is to be received) or (b) on the first business day following the date of mailing by express courier service,
fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for
such communications shall be: (i) if to the Borrower to: Attitude Drinks Inc., 712 U.S. Highway 1, Suite 200, North Palm Beach,
FL 33408, Attn: Roy Warren, CEO and President, facsimile: (561) 799-5039. and (ii) if to the Holder, to the name, address and facsimile
number set forth on the front page of this Note, with copies (which shall not constitute notice) by fax only to: Grushko &
Mittman, P.C., 515 Rockaway Avenue, Valley Stream, New York 11581, Att Barbara R. Mittman Esq., Fax (212) 697-3575.

 

6.3           Amendment
Provision. The term “Note” and all reference thereto, as used throughout this instrument, shall mean this instrument
as originally executed, or if later amended or supplemented, then as so amended or supplemented.

 

6.4           Assignability.
This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to the benefit of the Holder and its
successors and assigns. The Borrower may not assign its obligations under this Note.

 

6.5           Cost
of Collection. If default is made in the payment of this Note, Borrower shall pay the Holder hereof reasonable costs of collection,
including reasonable attorneys’ fees.

 

6.6           Governing
Law. This Note shall be governed by and construed in accordance with the laws of the State of New York without regard to conflicts
of laws principles that would result in the application of the substantive laws of another jurisdiction. Any action brought by
either party against the other concerning the transactions contemplated by this Agreement must be brought only in the civil or
state courts of New York or in the federal courts located in the State and county of New York. Both parties and the individual
signing this Agreement on behalf of the Borrower agree to submit to the jurisdiction of such courts. The prevailing party shall
be entitled to recover from the other party its reasonable attorney’s fees and costs. In the event that any provision of
this Note is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative
to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such
provision which may prove invalid or unenforceable under any law shall not affect the validity or unenforceability of any other
provision of this Note. Nothing contained herein shall be deemed or operate to preclude the Holder from bringing suit or taking
other legal action against the Borrower in any other jurisdiction to collect on the Borrower’s obligations to Holder, to
realize on any collateral or any other security for such obligations, or to enforce a judgment or other decision in favor of the
Holder. This Note shall be deemed an unconditional obligation of Borrower for the payment of money and, without limitation to
any other remedies of Holder, may be enforced against Borrower by summary proceeding pursuant to New York Civil Procedure Law and
Rules Section 3213 or any similar rule or statute in the jurisdiction where enforcement is sought. For purposes of such rule or
statute, any other document or agreement to which Holder and Borrower are parties or which Borrower delivered to Holder, which
may be convenient or necessary to determine Holder’s rights hereunder or Borrower’s obligations to Holder are deemed
a part of this Note, whether or not such other document or agreement was delivered together herewith or was executed apart from
this Note.

 

    	8

    	 

    

 

6.7           Maximum
Payments. Nothing contained herein shall be deemed to establish or require the payment of a rate of interest or other charges
in excess of the maximum rate permitted by applicable law. In the event that the rate of interest required to be paid or other
charges hereunder exceed the maximum rate permitted by applicable law, any payments in excess of such maximum rate shall be credited
against amounts owed by the Borrower to the Holder and thus refunded to the Borrower.

 

6.8           Non-Business
Days. Whenever any payment or any action to be made shall be due on a Saturday, Sunday or a public holiday under the laws of
the State of New York, such payment may be due or action shall be required on the next succeeding business day and, for such payment,
such next succeeding day shall be included in the calculation of the amount of accrued interest payable on such date.

 

6.9           Facsimile
Signature. In the event that the Borrower’s signature is delivered by facsimile transmission, PDF, electronic signature
or other similar electronic means, such signature shall create a valid and binding obligation of the Borrower with the same force
and effect as if such signature page were an original thereof.

 

6.10         Shareholder
Status. The Holder shall not have rights as a shareholder of the Borrower with respect to unconverted portions of this Note.
However, the Holder will have the rights of a shareholder of the Borrower with respect to the Shares of Common Stock to be received
after delivery by the Holder of a Conversion Notice to the Borrower.

 

[THE REMAINDER OF THIS PAGE INTENTIONALLY
LEFT BLANK]

 

    	9

    	 

    

 

IN WITNESS WHEREOF,
Borrower has caused this Note to be signed in its name by an authorized officer as of the 14th day of January 2015.

 

	 	ATTITUDE DRINKS, INC.
	 	 	 
	 	By: 	 
	 	 	Name: Roy Warren
	 	 	Title: Chief Executive Officer
	 	 
	WITNESS:	 
	 	 
	 	 

 

NOTES ISSUED TO:

 

	Southridge Partners II LP	 	$	13,500	 
	Alpha Capital Anstalt	 	$	13,500	 
	Whalehaven Capital Fund Ltd.	 	$	31,500	 

 

    	10

    	 

    

 

EXHIBIT A - NOTICE OF CONVERSION

 

(To be executed by the Registered
Holder in order to convert the Note)

 

The undersigned hereby elects to convert $_________ of the principal
and $_________ of the interest due on the Note issued by ATTITUDE DRINKS, INC. on January 14, 2015 into Shares of Common Stock
of ATTITUDE DRINKS, INC. (the “Borrower”) according to the conditions set forth in such Note, as of the date
written below.

 

	Date of Conversion: 	 

 

	Conversion Price: 	 

 

Number
of Shares of Common Stock Beneficially Owned on the Conversion Date: Less than 5% of the outstanding Common Stock of
ATTITUDE DRINKS, INC.

 

	Shares To Be Delivered: 	 

 

	Signature: 	 

 

	Print Name: 	 

 

	Address: 	 
	 	 

 

    	11

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