Renavotio, Inc. (OTCPK:RIII) announced that it has entered into a securities purchase agreement for a private placement of a convertible promissory note for gross proceeds of $250,000 on a best efforts basis, on January 27, 2021. The transaction will include participation from SE HOLDINGS, LLC. The principal amount of the note is $287,500, which is equal to $37,500. The note bears an interest rate of 9% per annum and will mature on August 27, 2021, payable in 4 installment payments of $78,343,75. The note is convertible into 350,000 restricted common shares at a conversion price equal to the lesser of the lowest closing bid price of the company common stock for the trading day immediately preceding, either the delivery of a notice of default, the delivery of a notice of conversion resulting from such default, or the issue date of the note. The company issued securities pursuant to exemption provided under Regulation D. The note may be prepaid in whole or in part.