Airborne Wireless Network (OTCPK:ABWN) announced that it has entered into a securities purchase agreement with Concord Holding Group, LLC for private placement of 10% convertible promissory notes at a price of $131,250 per note for gross proceeds of $262,500 on January 10, 2018. The notes carry a coupon of 8% per annum and would mature on September 19, 2018. The notes are issued at an original issue discount of 10%, for gross proceeds of $131,250. The notes are convertible into common shares of the company at a conversion price for each share of common stock equal to 70% of the lowest trading price of the common stock as reported on the National Quotations Bureau OTC Markets exchange which the company’s shares are traded or any exchange upon which the common stock may be traded in the future, for the 25 prior trading days, including the day upon which a notice of conversion is received by the company. The company shall also issue 55,555 restricted shares of common stock to the buyer as additional consideration for the purchase of the note. The company has paid the legal fee of $12,500. The company has issued securities pursuant to exemption provided under Regulation D.