DirectView sells $81,522 of 8% convertibles for $75,000 via placement

Discounted senior secured convertible promissory note sold to Dominion

By Devika Patel

Knoxville, Tenn., Oct. 17 – DirectView Holdings, Inc. settled a private placement of an $81,522 8% original issue discount senior secured convertible promissory note with Dominion Capital, LLC for proceeds of $75,000 on Oct. 8, according to an 8-K filed Friday with the Securities and Exchange Commission.

The 8% note is due on Oct. 8, 2015 and converts to common stock at a conversion price equal to the lower of $0.0025 or 60% of the lowest traded price of the stock in the 25 trading days preceding conversion.

The video and security technology company is based in Boca Raton, Fla.

Issuer:	DirectView Holdings, Inc.
Issue:	Original issue discount senior secured convertible promissory note
Amount:	$81,522
Maturity:	Oct. 8, 2015
Price:	$75,000
Coupon:	8%
Conversion price:	The lower of $0.0025 or 60% of the lowest traded price of the stock in the 25 trading days preceding conversion
Warrants:	No
Investor:	Dominion Capital, LLC
Settlement date:	Oct. 8
Stock symbol:	OTCBB: DIRV
Market capitalization:	$1.14 million

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