Starstream Entertainment, LLC announced private placement of 10% senior secured convertible promissory notes for gross proceeds of $500,000 on June 4, 2013. The notes will carry a coupon rate of 10% per annum and will mature in one year from the date of issuance. The company will issue securities to accredited investors pursuant to exemption provided under Regulation D. The notes are convertible into the shares of common stock of the company at a conversion price $0.63 per share.

On the same day, the company received $425,000.

On July 1, 2013, the company amended the terms of the transaction. The company announced that it will now receive $900,000.

On the same day, the company received $400,000 from one investor. The company has received gross proceeds of $825,000 from three investors in the transaction.