Sincerity Applied Materials Holdings Corp. (OTCPK:SINC) announced that it has entered into a securities purchase agreement for private placement of a convertible promissory note for gross proceeds of $112,500 on November 20, 2017. The transaction will include participation from Auctus Private Equity Management, Inc. The note carries fixed interest rate of 12% per annum. The note carries maturity date of August 20, 2018. The note is convertible into common shares of the company at a conversion price equal to the lesser of the lowest trading price of its common share during the 25 trading days prior to the issuance date of the note or a 50% discount to the lowest trading price of its common share during the 25 trading days prior to the conversion. The notes are pre-payable in nature. The company will issue notes at par. The company expects to close the transaction on or about November 20, 2017. The company will pay transaction expenses fees of $9,750 in the transaction. The company will issue securities pursuant to exemption provided under Section 4(a)(2) of the Securities Act of 1933 and Regulation D.