Premier Biomedical, Inc. (OTCPK:BIEI) announced that it has entered into a security purchase agreement with, PowerUp Lending Group, Ltd. to issue a convertible promissory note at a price of $68,000 for gross proceeds of $68,000 on March 28, 2019. The notes has a maturity date of March 26, 2020, an interest rate of 10% and a default interest rate of 22%. The note is convertible into common stock at a conversion price equal to 61% of the average of the lowest two trading prices during the last twenty trading days prior to the conversion date. The note can be prepaid at any time upon three days written notice to investor for a cash amount equal to the sum of the then outstanding principal amount of the note and interest multiplied by a prepayment percentage that ranges from as low as 115% to as high as 140%, depending on when the investor prepay the note. The securities are issued pursuant to exemption provided under Regulation D.