Lingerie Fighting Championships, Inc. (OTCPK:BOTY) announced that it has entered into a securities purchase agreement for private placement of a 12% convertible redeemable note for gross proceeds of $49,800 on September 25, 2017. The transaction included participation from returning investor EMA Financial LLC. The note carries fixed interest rate of 12% per annum and is due on September 25, 2018. The note is convertible into common shares of the company at a price at the lower of the closing sale price of the company’s stock on the over the counter markets on the trading day immediately preceding the closing day, and 50% of either the lowest sale price of the company’s common stock on the over the counter markets during the 25 consecutive trading days including and immediately preceding the conversion date, or the closing bid price, whichever is lower, provided however, if the company’s share price at any time loses the bid, then the investor, at their sole discretion, can convert at a fixed conversion price of $0.00001. The company may prepay the note. In the event of default, the company will pay fixed interest rate of 24% per annum. The company issued note at a discount of 6.037735%. The company has paid fees of $4,500 to the investor. The company has issued securities pursuant to exemption provided under Section 4(a)(2) of the Securities Act of 1933 and Regulation D.