Dibz International, Inc. (OTCPK:DIBZ) announced a private placement of convertible promissory 9% note for gross proceeds of $75,000 with Mark T. Wood on January 22, 2014. The note bear fixed interest rate of 9% per annum and would mature on December 22, 2016. The note may be prepaid only during the first thirty days following its issuance with payment of 125% of the face value plus accrued interest.

Any amount of principal or interest on this note which is not paid when due shall bear interest at the rate of 22% per annum from the due date thereof until the same is paid. The conversion price shall be 55% multiplied by the market price. Market price means the average of the lowest five trading prices for the common stock during the 10 trading day period ending on the latest complete trading day prior to the conversion date.