Document:

THIS NOTE HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS, AND NEITHER
THIS NOTE NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED, OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION
STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE SECURITIES ACT AND ANY APLICABLE STATE SECURITIES LAWS, OR (2) THE COMPANY
RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF THIS NOTE, WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY,
THAT THIS NOTE MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED, OR TRANSFERRED IN THE MANNER CONTEMPLATED WITHOUT AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE ACT OR APPLICABLE STATE SECURITIES LAWS.

 

OSO BEVERAGES CORP.

Senior Secured Promissory Note

 

	$45,000.00	
        August 23, 2013

        New York, New York

 

OSO BEVERAGES CORP.,
a Delaware corporation (the “Company”), for value received, hereby promises to pay to [ ], the principal
amount of FORTY-FIVE THOUSAND United States Dollars (US$45,000) on the Maturity Date (as defined below), and to pay interest on
the unpaid principal balance hereof at the rate (calculated on the basis of a 360-day year consisting of twelve 30-day months)
of 0.0% per annum from the date hereof until the Maturity Date or the earlier repayment of this Note. Upon the execution hereof,
the Holder shall fund $30,000 to the Company. The difference between $30,000 and the principal amount of shall be reported by the
Company as original issue discount.

 

Accrued interest on the
unpaid principal balance hereof shall be payable on the Maturity Date or upon the earlier repayment of this Note. In no event shall
any interest to be paid hereunder exceed the maximum rate permitted by law. In any such event, this Note shall automatically be
deemed amended to permit interest charges at an amount equal to, but no greater than, the maximum rate permitted by law.

 

1.Payments.

 

(a)Upon the execution
hereof (such date, the “Issue Date”), the Holder shall fund $30,000 which shall be used exclusively for a 150,000
can production run. The entire unpaid principal amount of this Note shall be paid in U.S. Dollars on the Maturity Date. Upon the
payment in full of this Note, including, without limitation, the principal amount hereof, and all accrued and unpaid interest hereon,
and any other amounts owing hereunder, the Holder shall surrender this Note to the Company for cancellation. The “Maturity
Date” shall be August 15, 2014.

 

(b)Subject to Section
1(d) hereof, interest on this Note, during the period from the Issue Date through the Maturity Date, shall accrue on the principal
amount of this Note, at a rate equal to 0.0% per annum (“Initial Interest Rate”) and, subject to Section
1(d) hereof, shall be payable in arrears on the Maturity Date. Interest shall be computed on the basis of a 360-day year applied
to actual days elapsed. Notwithstanding the foregoing any anything in this Note to the contrary, upon the occurrence, and during
the continuation, of an Event of Default, the Initial Interest Rate shall be increased by 18% per annum to 18% per annum and shall
be payable to the Holder on demand.

 

    	-1-

    	 

    

 

(c)If the Maturity
Date falls on a day that is not a Business Day (as defined below), the payment due on the Maturity Date will be made on the next
succeeding Business Day with the same force and effect as if made on the Maturity Date. “Business Day” means
any day which is not a Saturday or Sunday and is not a day on which banking institutions are generally authorized or obligated
to close in the City of New York, New York.

 

(d)(i)The Company
may, at its option, prepay all or any part of the principal of this Note, without payment of any premium or penalty.

 

(ii)Notwithstanding
anything herein to the contrary, the Company shall be required to pay to the Holder by the 15th Calendar Day following
the end of each calendar month beginning on November 15, 2013 an amount equal to $4,500 by check to be applied to the balance due
under this Note.

 

(iii)Notwithstanding
anything herein to the contrary and in addition to any payments that may be due hereunder, the Company shall be required to pay
to the Holder seventy-five percent (75%) of any bulk sale of its products up to but not exceeding the unpaid principal balance
of this Note within 3 business days of receipt of payment from such customer. For purposes of this Section 1(d)(iii), a bulk sale
shall be defined as any sale to any party that is over $10,000 in wholesale value, where wholesale value is no less than $20.00
per case.

 

(iv)Notwithstanding
anything herein to the contrary, the Company shall repay this Note in its entirety upon the receipt a minimum of one million dollars
($1,000,000) from any equity or equity derivative securities.

 

(v)All payments on this Note shall
be applied first to accrued interest hereon and the balance to the payment of principal hereof.

 

(e)Payments of
principal of, and interest on, this Note shall be made by check sent to the Holder's address set forth above or to such other address
as the Holder may designate for such purpose from time to time by written notice to the Company, in such coin or currency of the
United States of America as at the time of payment shall be legal tender for the payment of public and private debts. Alternatively,
payment of principal of, and interest on, this Note may be made by electronic wire transfer in accordance with instructions provided
by the Holder to the Company with at least ten Business Days’ prior notice.

 

(f)The obligations
to make the payments provided for in this Note are absolute and unconditional and not subject to any defense, set-off, counterclaim,
rescission, recoupment, or adjustment whatsoever. The Company hereby expressly waives demand and presentment for payment, notice
of non-payment, notice of dishonor, protest, notice of protest, bringing of suit, and diligence in taking any action to collect
any amount called for hereunder, and shall be directly and primarily liable for the payment of all sums owing and to be owing hereon,
regardless of and without any notice, diligence, act, or omission with respect to the collection of any amount called for hereunder.

 

    	-2-

    	 

    

 

2.Ranking of Note.

 

This Note constitutes
secured indebtedness of the Company and is entitled to the benefits of the Security Agreement, dated as of August 23, 2013, between
the Company and the Holder (the “Security Agreement”).

 

3.Covenants.

 

The Company covenants
and agrees with the Holder that, so long as any amount remains unpaid on the Note, unless the consent of the Holder is obtained
or except as otherwise provided herein, the Company:

 

(a) Shall not pay
any dividend or make any distribution on, or purchase, redeem, or retire, any shares of its capital stock or any warrants, options,
or other rights to reacquire any such shares, except that the Company may pay dividends payable solely in shares of its capital
stock.

 

(b)Shall deliver
to the Holder:

 

(i)as soon as available,
and in any event within 45 days after the end of each quarter of each fiscal year of the Company, consolidated statements of income
and cash flow of the Company, for such period and for the period from the beginning of the respective fiscal year to the end of
such period, the related consolidated balance sheet of the Company and its subsidiaries as at the end of such period, and an inventory
listing as of the end of such period;

 

(ii)as soon as available
and in any event within 90 days after the end of each fiscal year of the Company, consolidated statements of income and cash flow
of the Company for such fiscal year, and the related consolidated balance sheet of the Company and its subsidiaries as at the end
of such fiscal year;

 

(iii)promptly after
the Company shall obtain knowledge of such, written notice of all legal or arbitral proceedings, and of all proceedings by or before
any governmental or regulatory authority or agency, and each material development in respect of such legal or other proceedings,
affecting the Company and its subsidiaries, except proceedings which, if adversely determined, would not have a material adverse
effect on the Company and its subsidiaries taken as a whole; and

 

(iv)promptly after
the Company shall obtain knowledge of the occurrence of any Event of Default (as hereinafter defined) or any event which with notice
or lapse of time or both would become an Event of Default (an Event of Default or such other event being a “Default”),
a notice specifying that such notice is a “Notice of Default” and describing such Default in reasonable detail,
and, in such Notice of Default or as soon thereafter as practicable, a description of the action the Company has taken or proposes
to take with respect thereto.

 

    	-3-

    	 

    

 

(c)The Company shall utilize the
proceeds of the loan evidenced by this Note for production financing and for working capital purposes related to production financing.

 

(d)The Company shall not incur
any further debt, other than the amounts contemplated under this Note, that is either senior or pari passu to the debt evidenced
by this Note.

 

4. Events
of Default.

 

The occurrence of any
of the following events shall constitute an event of default (each, an “Event of Default”):

 

(a)A default in
the payment of the principal amount of the Note, when and as the same shall become due and payable.

 

(b)A default in
the payment of any accrued and unpaid interest on the Note, when and as the same shall become due and payable, which default shall
continue for two business days after the date fixed for the making of such interest payment.

 

(c)A default in
the performance, or a breach, of any of the covenants of the Company contained in Sections 1 or 3 of this Note or
contained in the Security Agreement.

 

(d)A default in
the performance, or a breach, of any other covenant or agreement of the Company in (i) this Note and continuance of such default
or breach for a period of 30 days after receipt of notice from the Holder as to such default or breach or after the Company had
or should have had knowledge of such default or breach or (ii) the Security Agreement.

 

(e)Any representation,
warranty, or certification made by the Company in or pursuant to this Note or the Security Agreement shall prove to have been false
or misleading as of the date made in any material respect.

 

(f)A final judgment
or judgments for the payment of money in excess of $100,000 in the aggregate shall be rendered by one or more courts, administrative
or arbitral tribunals or other bodies having jurisdiction against the Company and the same shall not be discharged (or provision
shall not be made for such discharge), or a stay of execution thereof shall not be procured, within 60 days from the date of entry
thereof, and the Company shall not, within such 60-day period, or such longer period during which execution of the same shall have
been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal.

 

(g)The entry of
a decree or order by a court having jurisdiction adjudging the Company bankrupt or insolvent, or approving a petition seeking reorganization,
arrangement, adjustment, or composition of or in respect of the Company, under federal bankruptcy law, as now or hereafter constituted,
or any other applicable federal or state bankruptcy, insolvency, or other similar law, and the continuance of any such decree or
order unstayed and in effect for a period of 60 days; or the commencement by the Company of a voluntary case under federal bankruptcy
law, as now or hereafter constituted, or any other applicable federal or state bankruptcy, insolvency, or other similar law, or
the consent by it to the institution of bankruptcy or insolvency proceedings against it, or the filing by it of a petition or answer
or consent seeking reorganization or relief under federal bankruptcy law or any other applicable federal or state law, or the consent
by it to the filing of such petition or to the appointment of a receiver, liquidator, assignee, trustee, sequestrator, or similar
official of the Company or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors,
or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action
by the Company in furtherance of any such action.

 

    	-4-

    	 

    

 

5.Remedies
Upon Default.

 

(a)Upon the occurrence
of an Event of Default referred to in Section 4(a), (b), (c), (d), (e) or (f), the Holder, by notice in writing given
to the Company, may declare the entire principal amount then outstanding of, and the accrued interest on, this Note to be due and
payable immediately, and upon any such declaration the same shall become and be due and payable immediately, without presentation,
demand, protest, or other formalities of any kind, all of which are expressly waived by the Company.

 

Upon the occurrence
of an Event of Default referred to in Section 4(g), the principal amount then outstanding of, and the accrued interest on,
this Note shall automatically become immediately due and payable without presentment, demand, protest, or other formalities of
any kind, all of which are hereby expressly waived by the Company.

 

(b)The Holder may
institute such actions or proceedings in law or equity as it shall deem expedient for the protection of its rights and may prosecute
and enforce its claims against all assets of the Company, and in connection with any such action or proceeding shall be entitled
to receive from the Company payment of the principal amount of this Note plus accrued interest to the date of payment plus reasonable
expenses of collection, including, without limitation, attorneys' fees and expenses.

 

		6.	Transfer.

 

(a)Any Notes issued
upon the transfer of this Note shall be numbered and shall be registered in a note register as they are issued. The Company shall
be entitled to treat the registered holder of the Note on the note register as the owner in fact thereof for all purposes and shall
not be bound to recognize any equitable or other claim to or interest in such Note on the part of any other person, and shall not
be liable for any registration or transfer of Notes which are registered or to be registered in the name of a fiduciary or the
nominee of a fiduciary unless made with the actual knowledge that a fiduciary or nominee is committing a breach of trust in requesting
such registration or transfer, or with the knowledge of such facts that its participation therein amounts to bad faith. This Note
shall be transferable only on the books of the Company upon delivery thereof duly endorsed by the Holder or by his duly authorized
attorney or representative, or accompanied by proper evidence of succession, assignment, or authority to transfer. In all cases
of transfer by an attorney, executor, administrator, guardian, or other legal representative, duly authenticated evidence of his
or its authority shall be produced. Upon any registration of transfer, the Company shall deliver a new Note or Notes to the person
entitled thereto. This Note may be exchanged, at the option of the Holder thereof, for another Note, or other Notes of different
denominations, of like tenor and representing in the aggregate a like principal amount, upon surrender to the Company or its duly
authorized agent. Notwithstanding the foregoing, the Company shall have no obligation to cause Notes to be transferred on its books
to any person if, in the opinion of counsel to the Company, such transfer does not comply with the provisions of the Securities
Act and the rules and regulations thereunder.

 

    	-5-

    	 

    

 

(b)The Holder acknowledges
that he has been advised by the Company that this Note has not been registered under the Securities Act, that this Note is being
issued on the basis of the statutory exemption provided by Section 4(2) of the Securities Act or Regulation D promulgated thereunder,
or both, relating to transactions by an issuer not involving any public offering. The Holder acknowledges that it has been informed
by the Company of, or is otherwise familiar with, the nature of the limitations imposed by the Securities Act and the rules and
regulations thereunder on the transfer of securities. In particular, the Holder agrees that no sale, assignment or transfer of
this Note shall be valid or effective, and the Company shall not be required to give any effect to any such sale, assignment or
transfer, unless (i) the sale, assignment, or transfer of this Note is registered under the Securities Act, it being understood
that this Note is not currently registered for sale and that the Company has no obligation or intention to so register the Note,
or (ii) this Note is sold, assigned, or transferred in accordance with all the requirements and limitations of Rule 144 under the
Securities Act, it being understood that Rule 144 is not available at the time of the original issuance of this Note for the sale
of this Note and that there can be no assurance that Rule 144 sales will be available at any subsequent time, or (iii) such sale,
assignment, or transfer is otherwise exempt from registration under the Securities Act.

 

7.Conversion
into Shares of Common Stock.

 

The outstanding principal
amount of this Note may be converted into common shares of Premier Beverage Group Corp. at the option of Holder at any time during
which this Note is outstanding, provided that no conversion shall be required if, as a result, Holder would own more than
4.99% of the then issued and outstanding common shares of the Company. The conversion price shall be $0.01 per common share.

 

In connection with
any conversion of this Note, Holder agrees to execute and deliver to the Company any documents reasonably requested by the Company
to be executed by Holder, including without limitation, a stock purchase agreement.

 

The following applies
to any conversion of this Note into Company equity securities:

 

a.As soon as is
reasonably practicable after a conversion has been effected, the Company shall deliver to Holder a certificate or certificates
representing the number of shares of capital stock (excluding any fractional share) issuable by reason of such conversion in such
name or names and such denomination or denominations as Holder has specified.

 

b.If any fractional
share of capital stock would, except for the provisions hereof, be deliverable upon conversion of this Note, the Company, in lieu
of delivering such fractional share, shall pay an amount equal to the value of such fractional share, as determined by the per
share conversion price used to effect such conversion.

 

    	-6-

    	 

    

 

8.Miscellaneous.

 

(a)Any notice or other communication
required or permitted to be given hereunder shall be in writing and shall be mailed by certified mail, return receipt requested,
or by FedEx, Express Mail or similar overnight delivery or courier service or delivered (in person or by telecopy or similar telecommunications
equipment) against receipt to the party to whom it is to be given, (i) if to the Company, at its address, OSO BEVERAGES CORP.,
501 Madison Avenue, Suite 501, New York, New York 10022, Attention: Fouad Kallamni, (ii) if to the Holder, at its address set forth
on the first page hereof, or (iii) in either case, to such other address as the party shall have furnished in writing in accordance
with the provisions of this Section 7(a). Notice to the estate of any party shall be sufficient if addressed to the party
as provided in this Section 7(a). Any notice or other communication given by certified mail shall be deemed given at the
time of certification thereof, except for a notice changing a party's address, which shall be deemed given at the time of receipt
thereof. Any notice given by other means permitted by this Section 7(a) shall be deemed given at the time of receipt thereof.

 

(b)Upon receipt
of evidence satisfactory to the Company of the loss, theft, destruction, or mutilation of this Note (and upon surrender of this
Note if mutilated), the Company shall execute and deliver to the Holder a new Note of like date, tenor, and denomination.

 

(c)No course of
dealing and no delay or omission on the part of the Holder in exercising any right or remedy shall operate as a waiver thereof
or otherwise prejudice the Holder's rights, powers or remedies. No right, power, or remedy conferred by this Note upon the Holder
shall be exclusive of any other right, power, or remedy referred to herein or now or hereafter available at law, in equity, by
statute or otherwise, and all such remedies may be exercised singly or concurrently.

 

(d)This Note may
be amended only by a written instrument executed by the Company and the Holder hereof. Any amendment shall be endorsed upon this
Note, and all future Holders shall be bound thereby.

 

(e)(i)This
Note has been negotiated and consummated in the State of New York and shall be governed by, and construed in accordance with, the
laws of the State of New York, without giving effect to principles governing conflicts of law.

 

(ii)THE
COMPANY HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND OF THE FEDERAL
COURTS SITTING IN THE STATE OF NEW YORK. THE COMPANY AGREES THAT ALL ACTIONS OR PROCEEDINGS ARISING OUT OF OR RELATING TO THIS
NOTE OR THE TRANSACTIONS CONTEMPLATED HEREBY MUST BE LITIGATED EXCLUSIVELY IN ANY SUCH STATE OR FEDERAL COURT THAT SITS IN THE
CITY OF NEW YORK, AND ACCORDINGLY, THE COMPANY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING
OF THE VENUE OF ANY SUCH LITIGATION IN ANY SUCH COURT.

 

    	-7-

    	 

    

 

(iii)THE
COMPANY HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF
ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS NOTE. THE COMPANY (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF THE HOLDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE HOLDER WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE HOLDER HAS BEEN INDUCED TO ENTER INTO
THIS NOTE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7(e)(iii).

 

(iv)In the event
that any suit or action is instituted to enforce any provision in this Note, the prevailing party in such dispute shall be entitled
to recover from the losing party all fees, costs and expenses of enforcing any right of such prevailing party under or with respect
to this Note, including without limitation, such reasonable fees and expenses of attorneys and accountants, which shall include,
without limitation, all fees, costs and expenses of appeals.

 

* * * * *

 

IN WITNESS WHEREOF,
the Company has caused this Note to be executed and dated the day and year first above written.

 

OSO BEVERAGES
CORP.

 

 

 

By: ___________________________

Name:
Fouad Kallamni

Title: President

 

Accepted and agreed to as to Section 7
hereof:

 

PREMIER BEVERAGE GROUP CORP.

 

 

 

By: ___________________________

Name:
Fouad Kallamni

Title:
President

 

    	-8-SECURITY AGREEMENT

 

SECURITY AGREEMENT (this “Agreement”),
dated as of August 23, 2013, between OSO BEVERAGES CORP., a Delaware corporation with an address at 501 Madison Avenue,
Suite 501, New York, New York 10022 (the “Company”); [ ] and [ ] (collectively, the “Secured Parties”),
as holders of the Company’s Secured Promissory Notes of even date herewith in the aggregate principal amount of $90,000 (the
“Notes”); and CORE EQUITY GROUP LLC, a Delaware limited liability company with an address at 501 Madison
Avenue, Suite 501, New York, New York 10022 (the “Collateral Manager”).

 

INTRODUCTION

 

WHEREAS, the Secured Parties have
extended credit or will extend credit to the Company represented by the Notes which have been executed by the Company in favor
of each of the Secured Parties; and

 

WHEREAS, in consideration of, and
as a condition to, the extension of credit under the Notes, the Company wishes to grant a security interest in certain collateral
to the Secured Parties.

 

NOW, THEREFORE, the parties hereby
agree as follows:

 

1.Grant of a Security Interest.
To secure the prompt payment, observance and performance in full of each and every obligation (collectively, the “Obligations”)
of the Company under the Notes, the Company hereby grants to the Secured Parties a continuing priority security interest in, and
lien upon, the Collateral (as defined in Section 3), subject to no prior lien, encumbrance, charge, or security interest.

 

2.Definitions and Construction.

 

(a) All capitalized terms used herein
and not otherwise defined shall have the meanings ascribed to them in the Uniform Commercial Code as in effect in the State of
New York (the “UCC”).

 

(b) Unless the context of this Agreement
requires otherwise: (a) references in this Agreement to sections, schedules and exhibits are to sections of, and schedules and
exhibits to, this Agreement; (b) words in the singular include the plural and in the plural include the singular; (c) the word
“or” connotes both the disjunctive and conjunctive of the terms affected, unless otherwise expressly stated;
(d) the terms “hereof,” “herein,” “hereby” and derivative or similar words
refer to this entire Agreement; (e) the terms “include”, “includes” “including”
and derivative or similar words shall be deemed to include the phrase “without limitation”; (f) the phrase “ordinary
course of business” and “ordinary course of business consistent with past practice” refer to the business
and practice of the Company; and (g) words of any gender include each other gender. As used in this Agreement, any reference to
any event, change or effect being “material” or “materially adverse” or having a “material
adverse effect” on or with respect to any entity (or group of entities taken as a whole) means such event, change or
effect is material or materially adverse, as the case may be, to the business, condition (financial or otherwise), properties,
assets (including intangible assets), liabilities (including contingent liabilities), prospects or results of operations of such
entity (or, if with respect thereto, of such group of entities taken as a whole). Whenever this Agreement refers to a number of
days, such number shall refer to calendar days unless business days are specified.

 

    	1

    	 

    

 

3.Collateral.(a)The
collateral covered by this Agreement (the “Collateral”) consists of the following:

 

(i) The following property:

 

(A) Accounts Receivable. All
Accounts, Chattel Paper, contracts and contract rights relating to the production financing provided to the Company by the Secured
Parties and evidenced by the Notes (“Production Financing”) and any Accounts Receivable related thereto, including,
but not limited to, proceeds of inventory and returned goods and proceeds from the sale of goods and services, and all rights,
liens, securities, guaranties, remedies and privileges related thereto, including the right of stoppage in transit and rights and
property of any kind forming the subject matter of any of the foregoing; and

 

(B) Inventory. All inventory
wherever located, relating to the Production Financing including, but not limited to, all raw materials, parts, containers, work
in process, finished goods, goods in transit, wares and goods returned for credit, repossessed, reclaimed or otherwise reacquired
by the Company; and

 

(C)Documents of Title. All documents
of title and other property relating to the Production Financing from time to time received, receivable or otherwise distributed
in respect of, exchange or substitution for or addition to any of the foregoing.

 

(b) Any and all Collateral
described or referred to in this Agreement which is hereafter acquired shall, and without any further conveyance, assignment
or act on the part of the Company or the Secured Parties, become and be subject to the security interest created hereby as
fully and completely as though specifically described herein.

 

4.Company’s Representations
and Warranties. The Company represents, warrants, and agrees that:

 

(a)The Company owns the Collateral free
and clear of any lien other than Permitted Liens set forth in Exhibit A.

 

    	2

    	 

    

 

(b)The Company has all necessary corporate
power and authority and has taken all corporate action necessary to execute, deliver and perform this Agreement and the Notes and
to encumber and grant a security interest in the Collateral.

 

(c)
There is no effective financing statement or other instrument similar in effect covering all or any part of the Collateral on
file in any recording office other than one or more financing statements filed with respect to Premier Beverage Group Corp.,
the parent corporation of the Company (“Parent Filings”) with respect to the Permitted Liens.

 

(d)Subject to the Parent Filings, this
Agreement creates a valid first priority security interest of the Secured Parties in the Collateral securing payment of the Obligations.
Upon the filing of the financing statements and the other instruments similar in effect in accordance with Sections 5(b)
and 5(c), subject to the Parent Filings, the Secured Parties will have a valid and perfected first priority lien on, and
security interest in the Collateral.

 

(e)
No consent, authorization, approval or other action by, and no notice to or filing with, any governmental authority,
regulatory body, lessor, franchiser or other person or entity is required for the grant by the Company of the security
interest granted hereby or for the execution, delivery or performance of this Agreement by the Company or for the perfection
or exercise by the Secured Parties of its rights and remedies hereunder, except filings of financing documents in accordance
with Sections 5(b) and 5(c).

 

(f)
The Company does not transact any part of its business under any trade names, division names, assumed names or other name,
except for its name set forth in the preamble hereto, “OSO” or “OSO ENERGY”; the Company’s
principal business address and chief executive office is as set forth in the preamble hereto; and the Company’s records
concerning the Collateral are kept as such address.

 

(g)To the best of the Company’s
knowledge, each Account constituting Collateral and Chattel Paper is genuine and enforceable in accordance with its terms against
the party obligated to pay it (the “Account Debtor”), and, to the best of the Company’s knowledge, no
Account Debtor has any defense, setoff, claim or counterclaim against the Company which can be asserted against the Secured Parties,
whether in any proceeding to enforce the Collateral or otherwise.

 

(h)The Company will deliver to the Secured
Parties at the request of the Secured Parties a schedule of all Accounts and Chattel Paper from time to time as the Secured Parties
may reasonably request, but no more often than once per quarter. The amounts represented on such schedules by the Company to the
Secured Parties as owing by each Account Debtor or by all Account Debtors are and will be, to the best of the Company’s knowledge,
the correct amounts actually and unconditionally owing by the Company’s Account Debtors individually and in the aggregate,
except for normal cash discounts where applicable.

 

    	3

    	 

    

 

(i)
Each Instrument and each Document constituting Collateral is genuine and in all material respects what it purports to be.

 

(j)
All tangible Collateral and all records relating to intangible Collateral are located at the Company’s address listed
in the preamble hereto. The Company shall not remove any such Collateral or records from said locations without five
days’ prior written notice to the Secured Parties.

 

5.Company’s Covenants.
The Company agrees and covenants that:

 

(a)The Collateral will be used solely
for business purposes of the Company and will remain in the possession or under the control of the Company (sale or replacement
in the ordinary course excepted) and will not be used for any unlawful purpose. The Collateral will not be misused, abused, wasted,
or allowed to deteriorate (ordinary wear and tear excepted). The Company will keep the Collateral, as appropriate and applicable,
in good condition and repair (ordinary wear and tear excepted), and will clean, shelter, and otherwise deal with the Collateral
in such ways as are considered good practice by owners of like property.

 

(b)
The Company will execute and promptly file with the appropriate governmental authorities, or deliver to the Secured Parties
for filing, UCC-1 Financing Statements with respect to the Collateral. The Company shall, at no cost to the Secured Parties,
execute, acknowledge and deliver all such other documents and instruments as the Secured Parties reasonably deems necessary
to create, perfect and continue the security interest in the Collateral contemplated hereby. The Company will pay all costs
of title searches and filing of financing statements, assignments or other documents in all public offices reasonably
requested by the Secured Parties, and will not, without the prior written consent of the Secured Parties, which consent will
not be unreasonably withheld, file or authorize or permit to be filed in any public office any financing statement,
assignment or other document naming the Company as debtor and not naming the Secured Parties as the Secured Parties.

 

(c)The Company shall, upon request of
the Secured Parties, deliver to the Secured Parties all other documents, instruments and other items as may be reasonably necessary
for the Secured Parties to perfect its security interest in the Company’s intellectual property, if any.

 

(d)
The Company will use its best reasonable efforts to defend the Collateral against the claims and demands of all other
parties, will keep the Collateral free from all security interests or other encumbrances other than the Permitted Liens
listed on Exhibit A hereto; and will not sell, transfer, lease, assign, deliver or otherwise dispose of any Collateral
or any interest therein without the prior written consent of the Secured Parties, which consent will not be unreasonably
withheld, except that the Company may sell or lease Inventory in the ordinary course of the Company’s business.

 

    	4

    	 

    

 

(e)The Company will, at the Secured Parties’
request, mark any and all books and records to indicate the security interest created hereby.

 

(f)
The Company will notify the Secured Parties promptly in writing of any change in the Company’s business address or
chief executive office, any change in the address at which records concerning the Collateral are kept and any change in the
Company’s name, identity, or organizational or other structure.

 

(g)
The Company will prevent the Collateral or any part thereof from being or becoming an accession to other goods not covered by
this Agreement.

 

(h)The Company shall pay all reasonable
expenses, including attorneys’ fees and costs, incurred by the Secured Parties in the preservation, realization, enforcement
or exercise of any of the Secured Parties’ rights under this Agreement.

 

6.Certain Provisions Concerning
Collateral.

 

(a)Upon the occurrence of an Event
of Default (defined below) and the principal sum under the Notes being due and payable by acceleration or otherwise, the Secured
Parties may notify any or all Account Debtors of the security interest created hereby and may also direct such Account Debtors
to make all payments on Collateral to the Secured Parties. In such event, all payments on and from Collateral received by the Secured
Parties directly or from the Company shall be applied to the Obligations in accordance with Section 8 and the Secured Parties
may demand of the Company in writing, before or after notification to Account Debtors and without waiving in any manner the security
interest created hereby, that any payments on and from the Collateral:

 

(i)shall be held by the Company in trust for the
Secured Parties in the same medium in which received;

 

(ii)shall not be commingled with any assets of the
Company; and

 

(iii)shall be delivered to the Secured Parties in
the form received, properly indorsed to permit collection, promptly following their receipt; and

 

the Company shall comply with such demand. The Company shall
also promptly notify the Secured Parties of the return to, or repossession by, the Company of Goods underlying any Collateral,
and the Company shall hold the same in trust for the Secured Parties and shall dispose of the same as the Secured Parties directs.

 

    	5

    	 

    

 

(b)
The Company hereby assigns, transfers, and conveys to the Secured Parties, effective upon the occurrence of any Event of
Default hereunder, the nonexclusive right and license to use all Intellectual Property owned or used by the Company together
with any goodwill associated therewith, all to the extent necessary to enable the Secured Parties to realize on the
Collateral and any successor or assign to enjoy the benefits of the Collateral. This right and license shall inure to the
benefit of all successors, assigns and transferees of the Secured Parties and its successors, assigns and transferees,
whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or
otherwise.

 

(c)
Until (i) the occurrence of an Event of Default and (ii) the principal sum under the Notes shall become due and payable by
acceleration or otherwise (an “Acceleration”), the Company reserves the right to receive all income from
or interest on the Collateral consisting of Instruments. Upon such an Event of Default, the Company will not demand or
receive any income from or interest on such Collateral other than from Inventory, royalties, licensing fees, milestone
payments, research sponsorship payments, joint ventures or loan proceeds and, if the Company receives any such income or
interest without any demand by it, the same shall be held by the Company in trust for the Secured Parties in the same medium
in which received, shall not be commingled with any assets of the Company and shall be delivered to the Secured Parties in
the form received, properly indorsed to permit collection, promptly following its receipt. The Secured Parties may apply the
net cash receipts from such income or interests to payment of the Obligations; provided that the Secured Parties shall
account for, and pay over to the Company, any such income or interest remaining after payment in full of the Obligations.
Until an Acceleration, notwithstanding any provision of this Agreement to the contrary, the Company may conduct its business
in the ordinary course and may use its cash, cash equivalents, royalties, licensing fees, milestone payments, research
sponsorship payments, interest, dividends, income, proceeds of loans and sales of securities, sales of inventory and joint
venture distributions for general corporate purposes.

 

(d)If an Event of Default has occurred,
the Company authorizes the Secured Parties to:

 

(i)
receive any increase in or profits on the Collateral and hold the same as part of the Collateral;

 

(ii)
receive any payment or distribution on the Collateral upon redemption by, or dissolution and liquidation of, the issuer
thereof;

 

(iii)surrender such Collateral or any
part thereof in exchange for cash or securities of equivalent fair market value; and

 

(iv)
hold the net cash receipts from any such payment or distribution described in clause (ii) above as part of the
Collateral. If the Company receives any such increase, profits, payments, or distributions, the Company will receive and
deliver same promptly to the Secured Parties on the same terms and conditions set forth in Section 6(c) respecting
income or interest, to be held by the Secured Parties as part of the Collateral.

 

    	6

    	 

    

 

(e)The Company hereby assigns to the Secured
Parties all sums, including return of premiums, which may become payable under any and all of the Company’s policies of insurance
which insure the Collateral, and directs each insurance company issuing any such policy to make payment thereof directly to the
Secured Parties.

 

(f)The Company and the Secured Parties
hereby appoint the Collateral Agent (and the Collateral Agent hereby accepts such appointment) to take any action that the Collateral
Agent deems reasonably necessary or proper for administration of the Collateral pursuant to Sections 6 and 8 hereof
following the occurrence of an Event of Default and an Acceleration, including but not limited to providing assistance as the Collateral
Agent deems reasonably necessary to the Company and the Secured Parties to sell or otherwise deal with any or all of the Collateral
or Proceeds thereof in a commercially reasonable manner. The Company and the Secured Parties agree that the Collateral Agent may
act as the designee of the Company and/or the Secured Parties, as the Company and/or the Secured Parties may request following
the occurrence of an Event of Default and an Acceleration, with respect to any rights or obligations of the Company and/or the
Secured Parties pursuant to Sections 6 and 8 hereof.

 

7.Events of Default. The occurrence
of any “Event of Default” under the Notes, or any material breach of this Agreement by the Company, shall constitute
an “Event of Default” under this Agreement.

 

8.Remedies on Default. Upon the
occurrence of an Event of Default, the Secured Parties shall have all rights, privileges, powers and remedies provided a secured
party under the UCC and any other applicable law and such additional rights, privileges, powers and remedies as are set forth herein.
Without limiting the foregoing, upon the existence or occurrence of any Acceleration:

 

(a)The Secured Parties may require the
Company to assemble the Collateral and make it available to the Secured Parties at a place or places designated by the Secured
Parties, and the Secured Parties may use and operate the Collateral. At any time following the occurrence of an Acceleration and
during the continuation thereof, the Secured Parties shall have full power, in its own name or that of the Company, to collect,
endorse, compromise, settle, sell or otherwise deal with any or all the Collateral or Proceeds thereof in a commercially reasonable
manner.

 

(b)
The Secured Parties may, in a commercially reasonable manner, sell, lease or otherwise dispose of and deliver any or all
Collateral at public or private sale, for cash, upon credit or otherwise, at such prices and upon such terms as the Secured
Parties deems commercially reasonable. Any requirement of reasonable notice shall be met if such notice is mailed postage
prepaid to the Secured Parties at its address set forth herein at least ten days before the time of sale or other
disposition. The Secured Parties may be the purchaser at any such sale, if it is public, and in such event the Secured
Parties shall have all rights of a good faith, bona fide purchaser for value from a secured party after a default. The
proceeds of any sale may be applied (in whatever order and manner the Secured Parties elects in its sole discretion) to all
costs and expenses of sale, including payment of the Obligations, and any remaining proceeds shall be applied in accordance
with Article 9, Part 5, of the UCC. The Company shall remain liable to the Secured Parties for any deficiency.

 

    	7

    	 

    

 

(c)
Without in any way requiring notice to be given in the following time and manner, the Company agrees that any notice by the
Secured Parties of sale, disposition or other intended action hereunder or in connection herewith, whether required by the
UCC or otherwise, shall constitute reasonable notice to the Company if such notice is mailed by regular or certified mail,
postage prepaid, at least ten days prior to such action, to the Company’s address specified above or to any other
address which the Company has specified in writing to the Secured Parties as the address to which notices hereunder shall be
given to the Company.

 

(d)
After an Acceleration, the Secured Parties may demand, collect and sue on any of the Accounts and Chattel Paper (in either
the Company’s or the Secured Parties’ name at the latter’s option); may enforce, compromise, settle, or
discharge such Collateral without discharging the Obligations or any part thereof; and may endorse the Company’s name
on any and all checks, commercial paper, and any other Instruments pertaining to or constituting Collateral.

 

(e)The Company will deliver to the Secured
Parties, upon demand, all Documents and Chattel Paper (duly indorsed to the Secured Parties) constituting, representing, or relating
to the Collateral or any part thereof, and any schedules, invoices, shipping documents, delivery receipts, purchase orders, contracts,
or other documents representing or relating to the Collateral or any part thereof.

 

9.Payments After an Event of Default.
All payments received and amounts realized by the Secured Parties pursuant to Section 8, including all such payments and
amounts received after the entire unpaid principal of, and interest on, the Notes has been declared due and payable, as well as
all payments or amounts then held or thereafter received by the Secured Parties as part of the Collateral while an Event of Default
shall be continuing, shall be promptly applied and distributed to the Secured Parties in the following order of priority:

 

(a) first,
to the payment of all reasonable costs and expenses, including reasonable attorneys’ fees and expenses, incurred or
made hereunder by the Secured Parties, including any such costs and expenses of foreclosure or suit, if any, and of any
sale or the exercise of any other remedy under Section 8, and of all taxes, assessments, or liens superior to the lien
granted under this Agreement, except any taxes, assessments, or other superior lien subject to which any said sale under Section
8 may have been made; and

 

    	8

    	 

    

 

(b)second, to the payment to the
Secured Parties of the amount then owing or unpaid on the Notes, with application on the Notes to be made first to the unpaid
interest thereon (if any), and second, to the unpaid principal thereof, such application to be made upon presentation of
the Notes and the notation thereon of the payment, if partially paid, or the surrender and cancellation thereof, if fully paid
shall be made; and

 

(c) third,
to the payment of the balance or surplus, if any, to the Company, its successors and assigns, or to whomsoever may be
lawfully entitled to receive the same.

 

10.Power of Attorney. The Company
hereby appoints each of the Secured Parties and the Collateral Agent, jointly and severally, the attorney-in-fact of the Company
to (i) prepare, sign and file or record, for the Company, in the Company’s name, any financing statement and to take any
other action reasonably deemed by the Secured Parties necessary or desirable to perfect and continue the security interest of the
Secured Parties hereunder, and to perform any obligations of the Company hereunder, at the Company’s expense, but without
obligation to do so; and (ii) after an Acceleration, to take any and all actions necessary or appropriate to collect, compromise,
settle, sell, or otherwise deal with any or all of the Collateral or proceeds thereof and to obtain, adjust, settle, and cancel
any policies of insurance referred to herein. Such power of attorney is coupled with an interest and is irrevocable so long as
any of the Obligations remains outstanding.

 

11.Secured Parties’ Right to
Cure; Reimbursement. If the Company should fail to do any act as herein provided, the Secured Parties may, but shall have no
obligation to do so, with reasonable notice to the Company, and without releasing the Company from any obligation hereof, make
or do the same in such manner and to such extent as the Secured Parties may deem necessary to protect the Collateral, including
without limitation, the defense of any action purporting to affect the Collateral or the rights or powers of the Secured Parties
hereunder, at the Company’s expense. The Company shall reimburse the Secured Parties for reasonable expenses incurred under
this Section 11.

 

12.Miscellaneous.

 

(a)
This Agreement, together with the covenants and warranties contained in it, shall inure to the benefit of the Secured Parties
and its permitted successors, assigns, heirs and personal representatives, and shall be binding upon the Company, the
Collateral Agent and their respective successors and assigns.

 

(b) All notices and other communications
provided for hereunder shall be in writing and, if to the Company, the Collateral Agent or the Secured Parties, mailed or delivered
to it, addressed to it at the address specified in the preamble hereto, or as to any party hereto at such other address as shall
be designated by such party in a written notice to each other party complying as to delivery with the terms of this Section
12. All such notices and other communications shall, when mailed, be effective when deposited in the mails, addressed as aforesaid.

 

    	9

    	 

    

 

(c)
This Agreement shall terminate on the satisfaction in full of all the Obligations for the payment of money under the Notes
and, on such termination, the Secured Parties shall take all steps reasonably requested by the Company to release the
security interest granted in the Collateral hereunder; provided, however, that if after receipt of any payment
of any payment of all or any part of the Obligations, the Secured Parties are for any reason compelled to surrender such
payment to any person or entity, because such payment is determined to be void or voidable as a preference, an impermissible
setoff, or a diversion of trust funds or for any other reason relating to the Company’s status, this Agreement shall
continue in full force notwithstanding any contrary action which may have been taken by the Secured Parties in reliance upon
such payment, and any such contrary action so taken shall be without prejudice to the Secured Parties’ rights under
this Agreement and shall be deemed to have been conditioned upon such payment having become final and irrevocable.

 

(d)
If any provision of this Agreement is invalid, illegal, or unenforceable, the balance of this Agreement 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.

 

(e)
The headings in this Agreement are solely for convenience of reference and shall be given no effect in the construction or
interpretation of this Agreement.

 

(f)
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

 

(g)
This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect
to principles of conflicts of laws. Unless otherwise defined herein, terms defined in Articles 8 and 9 of the UCC are used
herein as therein defined. Any action, suit, or proceeding arising out of, based on, or in connection with this Agreement or
the transactions contemplated hereby may be brought in the United States District Court for the Southern District of New York
and each party covenants and agrees not to assert, by way of motion, as a defense, or otherwise, in any such action, suit, or
proceeding, any claim that it or he is not subject personally to the jurisdiction of such court, that its or his property is
exempt or immune from attachment or execution, that the action, suit, or proceeding is brought in an inconvenient forum, that
the venue of the action, suit, or proceeding is improper, or that this Agreement or the subject matter hereof may not be
enforced in or by such court.

 

    	10

    	 

    

 

(h)
No course of dealing and no delay or omission on the part of the Secured Parties in exercising any right or remedy shall
operate as a waiver thereof or otherwise prejudice the Secured Parties’ rights, powers, or remedies. No right, power or
remedy conferred by this Agreement upon the Secured Parties shall be exclusive of any other right, power or remedy referred
to herein or now or hereafter available at law, in equity, by statute or otherwise, and all such remedies may be exercised
singly or concurrently.

 

(i)This Agreement, together with the Notes
and that certain Subscription Agreement relating to the issuance of shares of common stock of Premier Beverage Group Corp., the
parent corporation of the Company, sets forth the entire understanding of the parties with respect to the subject matter hereof,
supersedes all existing agreements among them concerning such subject matter and may be modified only by a written instrument duly
executed by the party intended to be bound thereby.

 

(j)
In the absence of willful misconduct taken or omitted in bad faith, gross negligence, or other action which, by clear and
convincing evidence, greatly departs from commercially reasonable conduct, the Secured Parties shall not be liable to the
Company or any other person for any act or omission, any mistake of fact or any error of judgment in exercising any right or
remedy granted herein.

 

 

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    	11

    	 

    

 

IN WITNESS WHEREOF, the parties have
executed this Security Agreement on the date set forth above.

 

OSO
BEVERAGES CORP.

 

 

 

By: ______________________________

Name: Fouad Kallamni

Title: President

 

SECURED
PARTIES

 

 

 

_______________________________

[                                    ]

 

 

[                                    ]

 

 

_______________________________

[                                    ]

 

CORE
EQUITY GROUP LLC

 

 

 

By: ______________________________

Name: Jon Buttles

Title: President

 

    	12

    	 

    

 

Exhibit A

Permitted Liens

 

[                                        ]
blanket liens on Premier Beverage Group Corp. filed on February 29, 2012 (as successor in interest to [                                         
] and on June 6, 2013.

 

    	13

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