Medifirst Solutions, Inc (OTCPK:MFST) announced that it has entered into a securities purchase agreement for a private placement of 12% convertible promissory note due February 28, 2021 for gross proceeds of $38,000 with an returning investor PowerUp Lending Group, Ltd. on August 28, 2019. The note carries a fixed interest at the rate of 12% and would mature on February 28, 2021. The note is issued at par. The company may be prepaid, subject the payment of a prepayment premium, subject to a beneficial ownership limitation equal to 4.99%, principal and interest on the notes is convertible into shares of the company’s common stock of par value $0.0001 per share at a conversion price equal to 58% of the lowest closing bid price during the twenty day prior to any requested conversion. The prepayment period from 30 days and ending 530 days following the issue date.