Medical Innovation Holdings, Inc. (OTCPK:MIHI) announced that it has entered into a securities purchase agreement with returning investor Eagle Equities, LLC for private placement of a 8% convertible redeemable promissory note for gross proceeds of $33,500 on June 21, 2019. The note carries fixed interest rate of 8% per annum and carries maturity date of June 21, 2020. The notes are convertible into shares of common stock of the company at a conversion price equal to 50% of the lowest trading price of the common shares for the 20 prior trading days. The outstanding principal balance of the note may be prepaid at 125% of principal plus accrued interest in less than 30 days, 130% of principal plus accrued interest from 31 to 60 days, 135% of principal plus accrued interest from 61 to 90 days, 140% of principal plus accrued interest from 91 to 120 days, 145% of principal plus accrued interest from 121 to 150 days, 150% of principal plus accrued interest from 151 to 180 days. The company has paid legal fees of $1,500. The company will issue securities pursuant to exemption provided under Regulation D.