Xped Limited (ASX:XPE) announced that it has entered into a convertible note deeds for gross proceeds of AUD 200,000 on July 9, 2020. The transaction will include participation from Heuresy LLC. The notes will not bear any interest rate. The repayment date is 12 months from the date of the issuance of the note. The note will be converted at a conversion price of AUD 0.001 per share, subject to shareholder approval.