High Performance Beverages Company (OTCPK:TBEV) announced that it will receive $1,500,000 in a round of funding on September 10, 2014. The transaction will take place in three tranches of $500,000 each over the next several months.

On October 17, 2014, High Performance Beverages Company closed the transaction. The company has received $500,000 in the transaction. The company issued convertible promissory note with an interest rate of 1% per annum which will mature on April 17, 2015 and all overdue principal and interest will bear interest at the rate of 20% per annum. The note may be converted into common stock of the company on or after the day that is twelve months from the date of issuance at 56% multiplied by the lowest trading price for the common stock during the five trading days prior to the conversion date. The note shall not be converted to the extent that such conversion would result in beneficial ownership by the holder and its affiliates to own more than 4.99% of the issued and outstanding shares of the company's common stock.