Item 1.01 Entry into a Material Definitive Agreement.
On March 3, 2023, Livento Group, Inc. (the "Company" or "Livento") entered into
a Share Purchase Agreement (the "SPA") with the three shareholders of Novel.ti,
a Tunisian corporation ("Novelti"), whereunder the Company acquired all of the
shares of Novleti in exchange for 10,000,000 shares of the Company's common
stock. Novelti will operate as a subsidiary of the Company. Novelti is engaged
in software development in the areas of robotics, AI and logistics and
management believes that the acquisition of Novelti will allow the Company to
enhance and extend its software offerings. The Company also entered into a two
year consulting agreement with Novelti's two principal officers, which among
other things, includes a non-competition provision. Reference is made to the SPA
and consulting agreement, which are exhibits to this Report, for the full terms
and conditions thereof. Due to the size of this transaction, there is no
requirement to file historical financial information with respect to Novelti.
9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Description
10.1 Share Purchase Agreement
10.2 Consulting Agreement
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