Greenfield Farms Food, Inc. (OTCPK:GRAS) announced that it has entered into securities purchase agreement wherein it issued convertible promissory note for gross proceeds of $215,000 on July 5, 2019. The transaction included participation from More Capital, LLC. The note carries a fixed rate of interest of 10% per three month and the maturity date of the bonds is June 28, 2020. The interest payment of $21,500 are due on or before September 30, 2019, December 31, 2109, March 31, 2020, and June 28, 2020. The principal amount of the note and all the accrued interest thereon is convertible at the option of the holder into our common stock at any time beginning October 1, 2019. The conversion price of the note is equal to 58% of the lowest price quoted on the OTC markets for the company’s common stock during the 30 trading days prior to the conversion date. The company may prepay in full the unpaid principal on the note with at least 20 trading days notice any time prior to the 180th day after the date of closing by paying 130% of the principal amount of the note together with accrued interest thereon and any time beginning on the 181st day after the issuance date and ending on the 364th day after the issuance date by paying 150% of the principal amount of the note together with accrued interest thereon. The company shall pay amount not exceeding $3,000 to the investor in relation to the expenses pursuant to the transaction. The investor may demand the company to repay the investor the principal amount and accrued and unpaid interest and all amounts that may be due at any time on or after September 31, 2019. The investor shall have the right from time to time and at any time after September 31, 2019 to convert all or any part of the indebtedness into fully and non-assessable shares of common stock of par value of $0.001 per share. The company shall issue to the investor a warrant to acquire a number of shares of common stock at an exercise price per share of common stock as agreed between the investor and the company. The company received net proceeds of $200,000 in the transaction after deducting $15,000 paid by company to cover the investor’s transactional expenses. The company issued securities pursuant to exemption provided under Regulation D.