Sincerity Applied Materials Holdings Corp. (OTCPK:SINC) announced that it has entered into material definitive agreement with EMA Financial LLC for $78,340 on December 19, 2017. The company will issue convertible promissory notes in the transaction for principal amount of $83,500. The note is due on January 9, 2019 and bears an interest rate of 12% per annum. All principal and accrued interest on the note is convertible into shares of the company’s common stock at the election of the purchaser at any time at a conversion price equal to the lesser of the trading price for our common stock on the trading day prior to the closing date of the note, or; a 50% discount to the lowest trading or lowest closing bid price for our common stock during the 25 trading day period immediately prior to conversion. The company has the right to prepay the note. The securities will be issued pursuant to exemption under Regulation D. The company shall pay or reimburse to purchaser a sum equal to $3,340 as and for the fees, costs and expenses incurred by the purchaser.