Arias Intel Corp. (OTCPK:ASNT) announced that it has entered into security purchase agreement of 103,000 series A convertible preferred shares at a price of $1 per share for the gross proceeds of $103,000 on March 27, 2018. The transaction involved participation from Geneva Roth Remark Holdings, Inc. The shares carries dividend rate of 12% per annum, compounded daily, payable solely upon redemption, liquidation, or conversion. The preferred shares are convertible into common shares of the company at a conversion price, which is 65% of market price of the company' shares during last 12 trading days prior to the conversion date. The company issued securities pursuant to exemption provided under Rule 506 of Regulation D. The company reimbursed investor's legal fees and due diligence fee of up to $3,000.