XSport Global, Inc. (OTCPK:XSPT) announced that it has entered into a securities purchase agreement with an accredited investor for private placement of 8% convertible promissory note on best efforts basis for gross proceeds of $53,000 on January 8, 2019. The note carries coupon rate of 8% per annum and would mature on January 8, 2020. The note is convertible into common shares of the company on any date after July 7, 2019, after which the note may be converted into common stock of the company at a 35% discount to average of the lowest two trading prices of common stock during the 15 trading days prior to date of conversion notice. The conversion price shall be variable conversion price. The variable conversion price shall mean 65% multiplies by the market price. Market price means the average of the lowest two trading prices for common stock during 15 trading days ending on the latest complete trading day prior to the conversion date. The company will pay legal fees and due diligence fee of $3,000 at the time of closing.