FC Global Realty Incorporated (OTCPK:FCRE) announced that it has entered into a purchase agreement for a private placement of senior subordinated promissory notes for gross proceeds of $400,000 on August 2, 2019. The company also issued warrants to purchase common shares of the company at an exercise price of $0.01 per share for a period of three years from the date of issuance. The minimum accepted amount from any outside investor was $50,000. The transaction included participation from 5 investors. The notes will bear an interest at the fixed rate of 10% per annum and will mature on a date which is earlier of June 30, 2021 or two business days following a liquidity event. The notes will be secured and redeemable without any prepayment penalty. The securities issued in the transaction are subject to a hold period. The company issued the securities pursuant to Regulation D. The company issued the notes at par. The company intended to raise $15,000,000 in the transaction.