Generation Zero Group, Inc. (OTCPK:GNZR) announced a private placement of convertible promissory note for gross proceeds of $100,000 on December 1, 2013. The transaction will include participation from Richard Morrell, Chief Executive Officer and President of the company. The convertible note bears interest at the rate of 10% per annum payable monthly and will mature on November 30, 2015. The convertible note is convertible into common shares of the company at $0.08 per share. David M. Loev of The Loev Law Firm, PC will act as legal advisor to the company.

On December 1, 2013, Generation Zero Group, Inc. closed the transaction.