SEC Contract Filing

Filing Date: 2018-05-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>f10q0218ex10-1_bespoke.htm
<DESCRIPTION>CONVERTIBLE DEBENTURE, DATED DECEMBER 13, 2017
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B> EXHIBIT 10.1</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>THE ISSUANCE AND SALE OF THIS DEBENTURE
HAS BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE DEBENTURE MAY NOT BE
OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE DEBENTURE
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), 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. </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-right: 0; margin-left: 0; text-align: justify"><B>PURSUANT TO THE SUBSCRIPTION AGREEMENT
DATED AS OF DECEMBER 13, 2017 BY AND BETWEEN BESPOKE EXTRACTS, INC. AND THE SUBSCRIBER, THE SECURITIES WHICH ARE REPRESENTED BY
THIS CERTIFICATE MAY NOT BE OFFERED, SOLD, SOLD SHORT OR OTHERWISE DISPOSED OF, EXCEPT IN ACCORDANCE WITH THE TERMS AND CONDITIONS
SET FORTH IN THE SUBSCRIPTION AGREEMENT BY AND BETWEEN THE HOLDER HEREOF AND BESPOKE EXTRACTS, INC.&nbsp;</B></P>

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 <TD STYLE="width: 33%"><B>Principal Amount: &#9;$120,000.00</B></TD>
 <TD STYLE="width: 34%">&nbsp;</TD>
 <TD STYLE="width: 33%; text-align: right"><B>Issue Date: December 13, 2017</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
 <TD><B>Purchase Price: &#9;&#9;$100,000.00</B></TD>
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD></TR>
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<BR>
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>CONVERTIBLE DEBENTURE</U></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>FOR VALUE RECEIVED</B>,
Bespoke Extracts, Inc., a Nevada corporation (hereinafter called the &ldquo;<B>Borrower</B>&rdquo;), hereby promises to pay to
the order of McGlothlin Holdings Ltd. or registered assigns (the &ldquo;<B>Holder</B>&rdquo;) the sum of $120,000.00 (the &ldquo;<B>Principal
Amount</B>&rdquo;), on December 12, 2018 the (&ldquo;<B>Maturity Date</B>&rdquo;). This convertible debenture (the &ldquo;<B>Debenture</B>&rdquo;)
may not be prepaid in whole or in part absent the Holder&rsquo;s prior written consent. Any amount of principal on this Debenture
which is not paid when due shall bear interest at the rate of nine percent (9%) per annum from the due date thereof until the same
is paid (&ldquo;<B>Default Interest</B>&rdquo; and together with the Principal Amount, the &ldquo;<B>Principal</B>&rdquo;). Default
Interest shall commence accruing on the date that the Debenture is fully paid and shall be computed on the basis of a 365-day year
and the actual number of days elapsed. All payments due hereunder shall be made in lawful money of the United States of America.
All payments shall be made at such address as the Holder shall hereafter give to the Borrower by written notice made in accordance
with the provisions of this Debenture. Whenever any amount expressed to be due by the terms of this Debenture is due on any day
which is not a business day, the same shall instead be due on the next succeeding day which is a business day and, in the case
of any interest payment date which is not the date on which this Debenture is paid in full, the extension of the due date thereof
shall not be taken into account for purposes of determining the amount of interest due on such date. As used in this Debenture,
the term &ldquo;business day&rdquo; shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the
city of New York, New York are authorized or required by law or executive order to remain closed.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Debenture is free
from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights
or other similar rights of shareholders of the Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The following terms shall
apply to this Debenture:</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><FONT STYLE="text-transform: uppercase">Article
I. </FONT>CONVERSION INTO COMMON STOCK</P>

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