FBEC Worldwide, Inc. (OTCPK:FBEC) announced a private placement of 10% convertible promissory note to existing investor, Beaufort Capital Partners LLC for gross proceeds of $75,000 on August 4, 2015. The principal amount of the convertible note is $85,000. The note included an original discount of $10,000.

The note will mature on February 5, 2016. The investor has a right to convert any portion of the principal amount thereof at a 35% discount to the lowest intraday trading price within 20 days prior to a conversion notice submitted to the company's transfer agent.