DirectView Holdings, Inc. (OTCPK:DIRV) announced that it has entered into material definitive agreement with certain debt holders for a private placement of two demand promissory notes for an aggregate principal amount of $250,000 on January 17, 2020. The notes will bear interest at the rate of 18% per annum, payable in cash on the earlier of December 17, 2020, together with accrued interest with a minimum of six-months of interest is guaranteed. The company may redeem the notes prior to 91 calendar days from the date of issuance at 109%, between 91-120 calendar days from the date of issuance at 115% and 121 calendar days or more from the date of issuance at 124%. In addition, the notes provide that all accrued and unpaid interest thereon may be converted into the company’s next equity or debt securities offering on a dollar-for-dollar basis on such subscription terms and conditions as provided for in such offering.