Strategic Internet Investments, Incorporated (OTCPK:SIII) entered into a material definitive agreement with Najibi Investment Trading FZC to issue convertible bonds for gross proceeds of $39,300,000 on October 25, 2017. The bonds will be convertible into common shares of the company at a price of $1 per share. The bonds will mature on October 25, 2022. The bonds will carry a coupon of 12% per annum to be paid on October 25 each year until maturity. In a related transaction, the investor will transfer 50% shares of Parsan Turizm to the company valued at $20,700,000.