XSport Global, Inc. (OTCPK:XSPT) announced that it has entered into a securities purchase agreement with an accredited investor for private placement of a 12% convertible redeemable promissory note for gross proceeds of $150,000 on June 14, 2019. The note bears fixed interest of 12% per annum and matures on June 14, 2020. The note is issued at par. The note is exchangeable for an equal aggregate principal amount of notes of different authorized denominations. The note is convertible into common shares at a price equal to 55% of the lowest trading price for 20 prior trading days including the day on which a notice of conversion is received by company or its transfer agent. The note may be prepaid in full on any day on or prior to December 11, 2019, but is subject to prepayment premiums of up to 40% of principal plus accrued interest for up to 180 days. The note is not pre-payable after 180 days. The company has issued securities pursuant to exemption provided under Regulation D.