Stealth Technologies, Inc. (OTCPK:STTH) announced that it has entered into a securities purchase agreement with PowerUp Lending Group, Ltd. for a best efforts private placement of a convertible promissory note for gross proceeds of $53,000 on December 10, 2019. The note will be issued at par, bears a fixed interest rate of 10% per annum, has a maturity date of December 10, 2020, and is convertible into common shares of the company at a variable conversion price at any time after during the period beginning on the date which is 180 days following the date of issuance and ending on the later of the maturity date and the date of payment of the default amount. The conversion price will be equal to 61% multiplied by the lowest trading price for the common shares during the 15 trading day period ending on the latest complete trading day prior to the conversion date. The note can be prepaid, at the option of the investor, at any time during the period beginning on the date of issuance and ending on the date of which is 180 days following the date of issuance. The prepayment percentage will be 120% if the note is prepaid in the first 60 days from the date of issuance, 125% if the note is redeemed between 60 to 90 days from the date of issuance, 130% if the note is redeemed between 90 to 120 days from the date of issuance, 135% if the note is redeemed between 120 to 150 days from the date of issuance, and 139% if the note is redeemed between 150 to 180 days from the date of issuance. The company will issue securities pursuant to exemption provided under Regulation D. The company will pay $3,000 to investor to reimburse its legal and due diligence fees. The transaction is expected to close on or about December 11, 2019.