ICTV Brands Inc. (OTCPK:ICTV) announced that it has entered into a security agreement for private placement of secured convertible promissory note for gross proceeds of $550,000 on November 20, 2018. The transaction included participation from Kelvin Claney, Chief Executive Officer of the company, Robin Claney for proceeds of $450,000, and Stephen Jarvis for proceeds of $100,000. The note carries an interest rate of 10% per annum and will mature on November 20, 2019. The company shall commence monthly payments in the amount of $15,000 beginning December 29, 2018 for the notes issued to Kelvin Claney and Robin Claney. Principal payments of $200,000 including principal payments made pursuant to the preceding sentence, plus accrued interest on such amount shall be due and payable on or before April 1, 2019. Additional principal payments in the total amount of $50,000 plus accrued interest on such amount shall be due and payable on or before June 30, 2019. If any payment due under note is not paid within thirty days of its due date, such note shall be in default, during which time the principal of such note shall bear interest at 18% per annum. The company also issued warrants to purchase 450,000 shares to Kelvin Claney and Robin Claney and a warrant to purchase 100,000 shares to Stephen Jarvis at purchase price of $0.05 per share. The warrants may be exercisable in whole or in part at any time at the option of the holder.