FBEC Worldwide, Inc. (OTCPK:FBEC) announced a private placement of 10% interest bearing convertible promissory note to existing investor, Beaufort Capital Partners LLC for gross proceeds of $89,000 on July 16, 2015. The principal amount of the convertible note is $98,500. The note included an original discount of $9,500.

The note will mature on January 16, 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 twenty days prior to a conversion notice submitted to the company's transfer agent.