Notis Global, Inc. (OTCPK:MDBX) announced that it entered in to a note purchase agreement with accredited returning investor YA II PN, LTD., a fund managed by Yorkville Advisors, LLC for private placement of a promissory note for gross proceeds of $225,000 on April 13, 2016. The note carries a fixed interest rate of 5% per annum and would mature on July 13, 2016. The note is convertible into shares of the company's common stock at lower of $0.75, or a 49% discount to the lowest daily volume weighted average price of the during the 20 trading days prior to the conversion date.

The company will pay a commitment fee of $15,000 and a structuring fee of $10,000.