Sincerity Applied Materials Holdings Corp. (OTCPK:SINC) announced a private placement of 12% convertible promissory notes for gross proceeds of $100,000 on November 9, 2017. The transaction included participation from Fourth Man, LLC and Emunah Funding, LLC for $50,000 and 51,429 class A warrants and 400,00 class B warrants each. The notes are issued at a discount of 8%. The company also issues Class A warrants to purchase up to an aggregate of 102,858 shares of common stock at an initial exercise price of $6 per share and Class B warrants to purchase up to an aggregate of 800,000 shares at an initial exercise price of $7.50 per share. The investors signed the securities purchase agreement with the company. The notes will mature on November 9, 2018. The notes are convertible at any time commencing 170 days after November 9, 2017 at 75% of the lowest trading price for our common stock during the 20 trading days ending on the last trading day prior to the conversion date. The notes contain customary events of default including, but not limited to, the failure to pay principal, interest or liquidated damages when due; breach of note covenants or agreements and breach of representation or warranties made in the notes.