IL2M International Corp (OTCPK:ILIM) entered into securities purchase agreement for a private placement of one 8% interest bearing convertible promissory note with new investor, Auctus Private Equity Fund, LLC, a fund managed by Auctus Private Equity Management, Inc. for gross proceeds of $62,750 on June 6, 2014. The notes were issued at par. The note will bear a fixed interest at the rate of 8% per annum from the issue date until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise and will mature on March 6, 2015. Any amount of principal or interest on this note which is not paid when due shall bear interest at the rate of 22% per annum. The note is convertible into shares of the company at variable price at any time during the period beginning on the date which is 180 days following the date of this note and ending on the later of the maturity date and the date of payment of the default amount. The note will be convertible at a price of 55% multiplied by the market price, where market price means the average of the lowest two trading for the common stock during the 25 trading day period ending on the latest complete trading day prior to the conversion date. Diane A. Dalmy Attorney at Law served as legal advisor to the company. Joseph M. Lucosky from Lucosky Brookman TIP served as a legal advisor to the investor. The transaction was approved by the board of directors of the company.

On June 6, 2014, IL2M International Corp closed the transaction.