Hemp Naturals, Inc. (OTCPK:HPMM) announced that it has entered into a securities purchase agreement for a private placement of one 12% secured convertible promissory note for gross proceeds of $65,000 on October 1, 2018. The transaction included participation from PowerUp Lending Group, Ltd. The debenture carries a fixed coupon of 12% per annum and matures on July 15, 2019. The promissory note is convertible into shares at variable conversion price equal to 61% of the lowest trading price of the company’s common stock for the last 20 trading days prior to conversion. The company can prepay the note in 30, 60, 90,120,150, or 180 days following the issue and the pre-payment penalty is based on outstanding balance multiplied by 120%, 125%, 130%, 135%, 140%, or 145% respectively. After 180 days company shall not have any pre-payment right. The company has issued securities pursuant to exemption provided under Regulation D.