DirectView settles $150,000 private placement of $157,895 convertible

10% convertible promissory note sold to lone investor through deal

By Devika Patel

Knoxville, Tenn., Sept. 14 – DirectView Holdings, Inc. sold a $157,895 10% convertible promissory note to a single investor for $150,000 on Sept. 1, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The note has a 5% original issue discount and matures on Dec. 26, 2017. It is convertible into common stock at a conversion price equal to 60% of the lowest traded price of the stock in the preceding 30 trading days. The company may prepay the note at 125.

The Boca Raton, Fla., company provides security, surveillance, video and teleconferencing technologies and services.

Issuer:	DirectView Holdings, Inc.
Issue:	Convertible promissory note
Amount:	$157,895
Maturity:	Dec. 26, 2017
Price:	5% original issue discount, or $150,000
Coupon:	10%
Conversion price:	60% of the lowest traded price of the stock in the preceding 30 trading days
Call option:	At 125
Warrants:	No
Settlement date:	Sept. 1
Stock symbol:	OTCBB: DIRV
Market capitalization:	$65,160

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