SmartMetric, Inc. announced that it has entered into a securities purchase agreement with Geneva Roth Remark Holdings, Inc. for a private placement of 70,000 series C preferred shares at a price of $0.09 per share for gross proceeds of $63,000 on January 9, 2019. The preferred shares have a par value of $1 per share and are convertible into 16,901,408 common shares of the company, having a par value of $0.001 per share, at a price per share equal to 71% of the average of the lowest two closing prices of the common stock during the fifteen trading day period ending on the last complete trading day prior to the conversion date, and earn dividends at the rate of 10% per annum. Upon an event of default, the preferred shares earn dividends at the rate of 22% per annum. The company may redeem the preferred shares in accordance with the terms of agreement prior to the one hundred eightieth day following the date of issuance of the shares. The company expects to close the transaction on or about January 14, 2019. The company will issue securities pursuant to exemption provided under Regulation D. The company will pay $10,000 in transaction-related expenses. The company will receive net proceeds of $50,000 in the transaction.