Uplift Nutrition Inc (OTCPK:UPNT) announced a private placement of 12% original issue discount convertible notes and restricted common stock at a price of $0.0083 per share for total gross proceeds of $125,000 on July 1, 2016. The notes carry a fixed coupon of 10% per annum, payable quarterly. The notes will mature and are due and payable one year from the date of issuance. The notes are convertible into common shares of the company at a conversion price of $0.02 per share. At the election of the holders of the notes, the company will exchange the notes for the debt or equity securities issued in any such debt or equity financings, at a 30% discount. The company will also issue option, warrant or other right to acquire another security pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $12,500.