MeeMee Media Inc. (OTCPK:MEME) announced that it has entered into a material definitive agreement for the private placement of a secured promissory note with a returning accredited investor, KF Business Ventures, LP for gross proceeds of $250,000 on May 6, 2016. The note was issued at par. The note will accrue a fixed interest at the rate of 10% per annum and will mature on December 31, 2017. The note will be convertible in whole or in part, into the common shares of the company at a fixed conversion price of $0.06 per share. The unpaid principal, together with the then accrued interest and any other amounts payable hereunder, shall be due and payable at the time of maturity. The company also issued 1,000,000 shares to the investor as consideration for this agreement. The company issued securities pursuant to exemption provided under Regulation D.