Calpian, Inc. announced that it has received $6 million in funding from Valley View Capital Corp, Retirement Savings Plan & Trust, Excel Corporation, and other investors.

Calpian, Inc. (OTCPK:CLPI) announced that it has entered into a loan and security agreement for a private placement of secured promissory notes for gross proceeds of $6,000,000 with five accredited investors on November 30, 2015. The transaction included participation from new investors, Fairmount St. Investments, L.P., which invested $3,500,000, Excel Corporation, which invested $250,000, Luscinus Investments Ltd., which invested $1,500,000, Valley View Capital Corp, Retirement Savings Plan & Trust, which invested $150,000, and Michael S. Barish, who invested $600,000.

The notes were issued at discount of $500,000 and principle value was $6,500,000. The discount rate was 7.692308%. The company and each investor also entered into a warrant subscription agreement, pursuant to which the investors agreed to make a loan to the company as evidenced by the notes and the company issued warrants to purchase 300,000 shares of the company's common stock for every $1,000,000 loaned by the respective investors, exercisable at a price of $0.01 per share.

The warrants will be exercised before November 30, 2025. Interest shall be payable monthly at the variable rate and shall be calculated on the basis of a 360-day year. During the first month and continuing through the seventh month, interest shall accrue at a rate of 12% per annum, during the eighth month from the date hereof, interest shall accrue at a rate of 13% per annum, during the ninth month, interest shall accrue at rate of 14% per annum, during the tenth month, interest shall accrue at a rate of 15% per annum, during the eleventh month, interest shall accrue at a rate of 16% per annum, and during the twelfth month, interest shall accrue at a rate of 17% per annum.

Interest shall be due and payable in monthly installments on or before the 5th calendar day of December 2015 and on the 5th day of each ensuing month, with any remaining amounts payable on the Maturity Date. The notes would mature on November 30, 2016. The company shall pay lender for all of its legal and other expenses with respect to this agreement.