Zero Gravity Solutions, Inc. (OTCPK:ZGSI) announced a private placement of an unsecured promissory note with principal face amount of $100,000 on January 16, 2018. The notes carry fixed interest rate of 10% per annum which will be paid quarterly in cash. The company will repay the principal amount of note along with unpaid interest by January 18, 2020. The warrant issued allows the investor to subscribe up to 50,000 shares at an exercise price of $3 per share. The company may make all unpaid principal and interest prior to the maturity date, without penalty or premium.