Arista Financial Corp. (OTCPK:ARST) announced that it has entered into a securities purchase agreement with EMA Financial LLC for private placement of 12% convertible note for gross proceeds of $32,900 on January 28, 2019. The principal amount of note is $35,000. The company received net proceeds of $31,500 after deducting the original issue discount and fees and expenses of the buyer’s legal advisor. The company has issued note at a discount. The note accrues a fixed interest at the rate of 12% per annum and matures on October 28, 2019, provided that the investor may extend the maturity date by up to six months. The interest in case of default is 24% per annum. The company has the right to prepay the note in whole or in part at any time upon five trading days prior notice to the investor at a prepayment price equal to 130% of principal if right is exercised by April 28, 2019, 145% if right is exercised between April 29, 2019 to July 27, 2019 and the note may not be prepaid after July 27, 2019. In case of default company will pay 175% of principal amount. The note is convertible into common shares at any time at a conversion price equal to the lower of the closing sale price on the trading day immediately preceding the issue date of January 28, 2019, $1.15 per share, or 60% multiplied by the lowest traded price of the common stock during the twenty consecutive trading day period during which at least 100 shares were traded immediately preceding the trading day on which the company receives a notice of conversion. The company has issued securities pursuant to exemption provided under Regulation D.