FBEC Worldwide, Inc. (OTCPK:FBEC) announced a placement of 10% interest bearing convertible promissory note to existing investor, Beaufort Capital Partners LLC for gross proceeds of $55,000 on July 2, 2015. The principal amount of the convertible note is $62,250. The note included an original discount of $7,250 reserved for processing fees.

The note will mature on January 2, 2016. The investor has a right to convert any portion of the principal amount thereof at a 37.5% discount to the lowest intraday trading price within fifteen days prior to a conversion notice submitted to the company's transfer agent.