ICTV Brands Inc. (OTCPK:ICTV) announced a private placement of a secured promissory note for gross proceeds of $2,000,000 on July 15, 2017. The transaction included participation from Leogroup Private Investment Access, LLC. The note was issued at par. The note has a 30 month term and will be payable in monthly installments of $100,000. The note will mature on January 15, 2020. The note may not be prepaid, in whole or in part, at any time and from time to time, unless expressly agreed to in writing by the holder. The note can be transferred with the consent of the company. The principal amount together with all accrued and unpaid interest, if any shall be repaid by the maturity date.