Arista Financial Corp. (OTCPK:ARST) announced that it has entered into a securities purchase agreement with Jefferson Street Capital LLC for private placement of 12% convertible note for gross proceeds of $32,900 on February 11, 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 November 6, 2019, provided that the investor may extend the maturity date by up to six months. The note may not be prepaid after August 10, 2019. The note is convertible into shares of its common stock 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 February 11, 2019 ,$1.25 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 also delivered a warrant to the buyer to purchase up to 20,250 shares of its common stock, subject to the terms and condition. The company has issued securities pursuant to exemption provided under Regulation D.