Provision Holding, Inc. (OTCQB:PVHO) announced a private placement of 12% unsecured non-convertible promissory note for gross proceeds of $500,000 on September 13, 2017. The note carries a fixed coupon of 12% per annum, and is due on May 13, 2018. Interest on the note is payable monthly. The holder of the note shall receive the right to buy 1,250,000 shares of the company’s common stock on September 13, 2017 and an additional 1,250,000 shares for each month that the note is outstanding up to a maximum of 10,000,000 shares, all at a purchase price of $0.06 per shares and expiring on September 13, 2019.