WeedHire International, Inc. (OTCPK:WDHR) announced that it has entered into a securities purchase agreement for private placement of one convertible promissory note IV at $33,000 for gross proceeds of $33,000 on November 7, 2014. The note will be issued to existing investor, KBM Worldwide, Inc. Note will carry fixed interest rate of 8% per annum; and will mature on August 11, 2015. If any amount of principal or interest that is due is not paid by the maturity date, it will bear the interest rate of 22% per annum until it is paid.

Note will get converted into common stock of the company at a conversion price equal to the greater of 58% multiplied by the lowest average three day market price of the shares during the ten trading days prior to the relevant notice of conversion, or $0.00004 per share. The note can be converted into common shares at any time during the conversion period, which begins 180 days after it is issued and ends on the later of maturity date or the date of payment of the default amount. Note IV can be prepaid by the company at a premium of 110% of the total outstanding amount between 0 and 30 days; 115% of the total outstanding amount between 31 and 60 days; 120% of the total outstanding amount between 61 and 90 days; 125% of the total outstanding amount between 91 and 120 days; 130% of the total outstanding amount between 121 and 150 days; and 135% of the total outstanding amount between 151 and 180 days after the issuance of notes.

The company will issue securities in pursuant to exemption provided under Regulation D. Bernard S. Feldman, Esq. of Naidich Wurman Birnbaum & Maday, LLP will act as legal advisor to the investor.