Global Arena Holding, Inc. (OTCBB:GAHC) announced that it has entered into a security purchase agreement with UAHC Ventures, LLC for private placement of a convertible promissory note for gross proceeds of $505,000 on December 5, 2017. The promissory note has a term of ten months, and bears an interest rate of 10% per annum. The note is convertible common stock at a conversion price of $0.05 per share. If the company fails to deliver conversion shares by the fourth trading day following conversion, a late fee equal to the greater of $500 or 2% of the applicable lender conversion share value rounded to the nearest multiple of $100, which will be assessed for each day after the third trading day until the delivery is made. At no time can an issuance cause the holder of the note to beneficially own a number of shares exceeding 4.99% of the outstanding common shares of the company. The note is issued at an original issue discount of 7.33944%, for gross proceeds of $545,000. The company also issued warrants to purchase common shares at an exercise price of $0.05 per share for a period of five years from the date of closing. The company has paid the $5,000 to cover legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the securities.