Zoompass Holdings, Inc. (OTCPK:ZPAS) announced that it has entered into a security agreement for private placement of a secured convertible promissory note for gross proceeds of up to $750,000 on March 23, 2018. The transaction included participation from accredited investor. The note carries fixed interest rate of 4% per annum and maturity date of December 31, 2018. The note is secured in nature. The note is redeemable. The note is convertible into common shares of the company at a fixed conversion price of $0.01 per share. The company issued note at par. In the event of default, the company will pay fixed interest rate of 18% per annum.