Net Talk.com, Inc. (OTCPK:NTLK) announced that it has entered into a securities purchase agreement for a private placement of 1 8% convertible promissory note with new accredited investor KBM Worldwide, Inc. for gross proceeds of $83,500 on September 19, 2014. The note will bear interest at 8% per annum and will mature on September 11, 2015. The transaction is expected to close on September 22, 2014. The company will reimburse $3,500 to the investor for the expenses incurred. The securities will be issued pursuant to exemption provided under Regulation D. Judah A. Eisner and Bernard S. Feldman of Naidich Wurman Birnbaum & Maday LLP acted as legal advisors to the investor.

On September 24, 2014, Net Talk.com, Inc. closed the transaction.