Empire Post Media, Inc. announced a private placement for convertible promissory note purchase agreement for gross proceeds of $905,000 on August 11, 2019. The transaction will include participation from returning investor Saean, Inc. The company will issue two individual convertible note in the transaction. The company will issue initial note for proceeds of $305,00 which shall be payable within three business days of the execution of the agreement and the second note or subsequent note for proceeds of $600,000 to be received by the company within 60 days of the receipt by the company of the execution and purchase of the initial note. The notes will be convertible into the common stocks of the company. The company expects to close the transaction on August 13, 2019. The maturity date for the initial note is two years from the issue date i.e. August 10, 2021. The conversion price of the initial note is $0.03 per share. On the same date, the company received $305,000 in its first tranche pursuant to the issue of the initial note.