Renavotio Inc (fka RIII)

[No1Uknow]

On September 18, 2020, we entered into an Equity Financing Agreement (the “Agreement”) with GHS Investments, LLC, a Nevada Limited Liability Company (“GHS”), giving us the option to sell up to $10,000,000 worth of our common stock to GHS, in increments, over the period ending 36 months after the date the Registration Statement is deemed effective by the SEC (the “Commitment Period”). On September 18, 2020, we also entered into a Registration Rights Agreement with GHS requiring us to file a S-1 Registration Statement providing for the registration of our common stock that result from our selling to GHS an indeterminate number of shares up to an aggregate purchase price of $10,000,000 and the subsequent resale by GHS of such shares.



Entry into Convertible Promissory Note with GHS



We entered into a September 18, 2020 Convertible Promissory Note and a September 18, 2020 Securities Purchase Agreement with GHS for the principal sum of $112,500 at 10% interest and a Maturity Date of June 18, 2021 at a fixed conversion price of $0.12. The Convertible Promissory Note is subject to events of default and related default conversion prices.