Pure Harvest Corporate Group, Inc. announced that it has entered into a securities purchase agreement with AJB Capital Investments LLC in a private placement of convertible promissory note for a gross proceeds of $358,000 on August 26, 2021. The company issued a note of $400,000 with a discount of $24,000 and a purchase price of $376,000. As part of transaction, the company paid a legal fees of $10,000 and $8,000 in finders fees in connection with the sale of the Note. The company has a net proceeds of $358,000. The note bears an interest rate of 5% per annum for the first three months and 10% per annum thereafter having a maturity date of February 25, 2022, and and, following an event of default only, is convertible into shares of the Companys common stock at a conversion price equal to the lesser of 90% of the lowest trading price during the 20 trading day period preceding the issuance date of the note, or the 20 trading day period preceding date of conversion of the note. The company had issued securities pursuant to the exemption provided by Section 4(a)(2) and Rule 506(b) of Regulation D. Pursuant to the agreement the Company paid a commitment fee to the Purchaser in the amount of $220,000 in the form of 440,000 shares.