Xumanii International Holdings Corp (OTCPK:XUII) annopunced a private placement of senior convertible note for gross proceeds of $300,000 on December 3, 2013. The transaction included participation from new accredited investor, Hanover Holdings I, LLC. The face value of the note is $450,000 and it has been issued at a 33.33% original issue discount. The note will mature on June 3, 2014 and will carry interest at the rate of 12% per annum. The note is convertible into the common shares of the company at $0.00616 per share. The note will carry default interest rate of 18%. The investor will not own more than 9.99% of the common stock on conversion. The company has the right at any time to redeem all, but not less than all, of the total outstanding amount then remaining under the convertible note in cash at a price equal to 140% of the total amount of the convertible note then outstanding. Greenberg Traurig, LLP acted as a legal advisor to the investor and Michael A. Littman acted as an advisor to the company. The company also agreed to pay up to $10,000 of reasonable attorneys' fees and expenses incurred by the investor in connection with the transaction. The company issued securities pursuant to exemption provided under Regulation D.

On December 3, 2013, Xumanii International Holdings Corp closed the transaction.