Arista Financial Corp. (OTCPK:ARST) announced that it has entered into a securities purchase agreement with FirstFire Global Opportunities Fund LLC, a fund managed by FirstFire Capital Management LLC for private placement of one convertible promissory note at a price of $125,000 for gross proceeds of $125,000 on September 7, 2018. The company has issued note at a discount of 10% or $12,500 and is unsecured and unsubordinated, with par value of $137,500. The note accrues fixed interest at 8% per annum and matures on June 7, 2019. The interest in case of default is 15% per annum. The company has the right to prepay the note in whole or in part at any time upon 3 trading days prior notice to the investor at a prepayment price equal to 115% of principal if right is exercised by December 6, 2018, 125% if right is exercised between December 7, 2018 to March 4, 2019 and 130% if right is exercised from March 5, 2019. In case of default company will pay 150% of principal amount. The note is convertible into common shares at a variable conversion price equal to lower of $1 per share or 75% of lowest traded price during 20 consecutive trading days period immediately preceding the trading day on which the company receives a notice of conversion, subject to a floor price of $0.25 per share, however the floor price shall not apply if share trades at a price less than floor price for at least 5 trading days in any ten trading days period till the issue date. The company will also issue warrant to purchase 50,000 shares at an exercise price of $1.25 per share and expires on September 7, 2021. The warrant is also subject to cashless exercise in the event that the market price of the common stock is greater than the exercise price. The company has also issued 20,000 commitment shares as fees. The company has reimbursed legal fees of $5,000 to the investor. The company has received net proceeds of $120,000 in the transaction. The company has issued securities pursuant to exemption provided under Regulation D.