Nevly Holdings Corp. announced that it has entered into a promissory note purchase agreement with Bridgeway National Corp. for a private placement of 9% convertible promissory notes for gross proceeds of $500,000 on August 2, 2021. The notes will be issued at par, will bear fixed interest rate of 9% per annum, and will mature in 12 months. The transaction will close in tranches with the first tranche of $200,000 due within ten business days of the issue date. The investor will pay successive tranches within five business days of receiving written request from the company provided that each subsequent request shall be in an amount equal to or greater than $100,000. The investor shall have the right at any time on or after the nine month anniversary of the issue date, to convert all or any part of the outstanding and unpaid principal amount and accrued and unpaid interest of the notes, and any other amounts owed under the notes, into fully paid and non-assessable common shares of the company at a fixed conversion price of $25 per share.