AnythingIT, Inc. (OTCPK:ANYI) announced a private placement of a convertible promissory note at an original issue discount for gross proceeds of $225,000 with new investor accredited JMJ Financial, Inc. on August 1, 2014. The note is issued at an original discount of 10%, equal to $25,000. The note is convertible into common stock of the company at any time after the effective date of the initial consideration at a conversion price lesser of $0.0115 or 60% of the lowest trade price in the 25 trading days prior to the conversion.

On August 6, 2014, WeedHire International, Inc. (OTCPK:WDHR) closed the transaction. The company received initial consideration of $75,000 from investor. All outstanding principal and accrued interest on the note is due and payable on the rolling basis maturity dates, which is calculated as two years from the effective date of the initial consideration and each respective principal payment made by investor. The company may repay the outstanding principal of the initial consideration and/or each principal payment, if applicable, at an interest rate of 0%, if the repayment is made at any time on or before 90 days from the Effective date of the initial consideration and/or each relevant principal payment. However, if the company does not repay on or before the rolling 90 day period, then the one-time interest charge of 12% is applied to the initial consideration and/or each respective principal payment.