IFAN Financial Inc (IFAN)

[Chag]

On April 27, 2016, IFAN Financial, Inc., (“IFAN” or the “Company”) a Nevada Corporation, entered into a Convertible Promissory Note and Securities Purchase Agreement (“Old Main SPA”) with Old Main Capital, LLC, (“Old Main”) pursuant to which the Company issued, sold to Old Main a convertible promissory note in the principal amount of $300,000 (“Commitment Note”) for a commitment by Old Main to provide a $10,000,000 equity line to the Company.