H/Cell Energy Corporation (OTCPK:HCCC) announced that it has entered into a securities purchase agreement of 12% convertible debentures for gross proceeds of $400,000 on January 2, 2018. The transaction involved participation from two of its directors Andrew Hidalgo and Michael Doyle, that are accredited investors for $200,000 each. The par value of the debentures are $0.0001 per share. The debentures carry an interest rate of 12%, together with any accrued and unpaid interest the debentures will become due and payable on January 2, 2020. The debentures will be convertible into common stock of the company at a conversion price of $0.75 per share. The company will issue securities pursuant to exemption provided under Regulation D.