Airborne Wireless Network (OTCPK:ABWN) announced that it has entered into a securities purchase agreement for 8% convertible redeemable note with Bellridge Capital for gross proceeds of $1,100,000, convertible promissory note with Einstein Investments LLC for gross proceeds of $109,725, and convertible promissory note for gross proceeds of $86,250 with Lucas Hoppel on December 22, 2017. The company issued two 8% convertible redeemable notes at 10% original issue discount of $27,500 at $247,500 each due on December 22, 2018 in its first tranche. The company also issued 181,500 shares as additional consideration to Bellridge Capital. The company issued convertible promissory note at an original issue discount of $95,000 and carries 12% interest per annum due on September 22, 2018. The company paid the legal expenses of $4,750 to Einstein Investments LLC in the transaction. The company also issued 42,222 shares as a commitment fee to Einstein Investments LLC. The company issued a convertible promissory note at an original issue discount of $75,000 and will mature on May 22, 2018. The company issued a warrant to purchase shares Lucas Hoppel for no additional consideration. The warrant entitles Lucas Hoppel to purchase 18,000 shares at an exercise price of $1.75 per share and may also be exercised on a cashless basis if the per-share market price of the company’s common stock is greater than the exercise price for one share of the company’s common stock. The securities offered and sold in the transaction are pursuant to an exemption from the registration requirements under Section 4(a)(2) of the securities act. The company will issue one or more additional promissory notes with an aggregate principal amount of up to the remaining $550,000, in substantially the same form as the initial two 8% convertible redeemable notes, within 90 days of the date of the agreement, upon the mutual agreement of both parties.