Airborne Wireless Network (OTCPK:ABWN) announced that it has entered into a securities purchase agreement with Concord Holding Group, LLC for private placement of a 10% convertible promissory note for gross proceeds of $131,250 on March 30, 2018. The note has a principal value of $145,833 and will be issued at a discount of $14,583. The note carries a fixed coupon of 10% per annum and would mature on March 30, 2019. The note is exchangeable for an equal aggregate principal amount of notes of different authorized denominations. The company may prepay the note during the first 180 days from the issuance. The note is convertible into common shares of the company at a conversion price for each share of common stock equal to 70% of the lowest trading price of the common stock as reported on the National Quotations Bureau OTC Markets exchange which the company’s shares are traded or any exchange upon which the common stock may be traded in the future, for the 25 prior trading days, including the day upon which a notice of conversion is received by the company. The company also issued restricted common shares to the investor as additional consideration for the purchase of the note. The company has paid the legal fee of $6,250. The company has issued securities pursuant to exemption provided under Regulation D.