Notis Global, Inc. (OTCPK:NGBL) announced that it has entered into a securities purchase agreement and equity purchase agreement with an accredited investor for gross proceeds of $5,240,000 on June 22, 2016. The company will issue convertible bridge debentures for gross proceeds of $240,000. The company will issue common shares for gross proceeds of $5,000,000. The debentures will be issued at par in two tranches of $120,000 each. The debentures will carry a fixed interest rate of 10% per annum. The denatures will be convertible into common shares of the company at a variable conversion price of $0.75 per share or a 40% discount to the lowest traded price of the company’s common share during the 30 trading days prior to the conversion date. The second tranche of debenture is expected on July 8, 2016. The price of the share will be a 20% discount to lowest traded price over the prior 10 trading days for up to the higher of $50,000 or 300% of the average daily trading volume over the previous 10 trading days. The company will subscribe shares until December 22, 2017. The company issued $100,000 of convertible debenture as commitment for an equity purchase agreement on same terms of convertible bridge debentures.