XSport Global, Inc. (OTCPK:XSPT) announced that it has entered into a securities purchase agreement with an accredited investor for private placement of a 10% convertible promissory note for gross proceeds of $57,500 on February 26, 2019. The note bears an issuance discount of $5,000. The note will mature on November 21, 2019. The note is convertible into common shares of the company any date after issuance, after which the note may be converted into common share at a 40% discount to the lowest trading price of the share during the 20 trading days prior to the date of the conversion notice, or the closing bid price, whichever is lower. The note is prepaid in full on any day on or prior to its six-month anniversary subject to prepayment premiums that increase over time. The conversion price shall be variable conversion price. The company will also issue the noteholder warrants to purchase up to 37,500 shares at an exercise price of $1 per share.