Notis Global, Inc. (OTCPK:NGBL) announced that it has entered into a note purchase agreement with an accredited investor for private placement of a secured convertible promissory note for gross proceeds of $53,000 on October 10, 2016. The note bears interest at a fixed rate of 5% per annum and will mature on April 30, 2017. The note will be issued at par. The company may not prepay any part of the outstanding balance of the note at any time prior to maturity without the written consent of the investor. The note will be convertible in whole or in part, into common shares at a conversion price that is the lower of $0.75 or 51% of the lowest volume weighted average price for the 30 consecutive trading days prior to the conversion date. The company will issue securities pursuant to exemption provided under Regulation D. The company will pay a commitment fee to the investor amounting to $3,000 at closing.