Players Network (OTCBB:PNTV) announced that it has entered into an loan agreement with Grass Roots Investors, LLC on May 18, 2018. The company will issue a secured convertible promissory note for gross proceeds of $1,100,000. The note will issue at par value. The note carries a coupon of 12% per annum and would mature on May 18, 2019. The note is convertible into common shares at a discount of between 30% and 50% of Fair Market Value of the company’s common stock, depending on such fair market value at the time of conversion.