Code Green Apparel Corp. (OTCPK:CGAC) announced that it signed a securities purchase agreement with returning investor Carebourn Capital, L.P. on January 22, 2018. The company will issue convertible notes of principal amount of $92,000, to the investor for gross proceeds of $80,000. The January 2018 Carebourn convertible note will have an interest rate of 12% per annum and will be payable on January 29, 2019. The notes have a discount of $12,000. The company paid $5,000 of investor’s expenses. The notes will be issued pursuant to exemption under Regulation D. No underwriters or agents were involved in the transaction and no underwriting discounts or commissions were paid to any such parties. The securities sold are subject to transfer restrictions. The transaction is expected to close on January 29, 2018.