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 $101,250 on a best efforts basis, on December 7, 2020. The transaction will include participation from EMA Financial LLC. The principal amount of the note is $112,500 and it is issued at an original issue discount of 10% which is equal to $11,250. The note bears an interest rate of 10% per annum and will mature on September 21, 2021. The note is convertible into common shares at a fixed conversion price of $0.12 per share. The company will issue securities pursuant to exemption provided under Regulation D. The note may be prepaid in whole or in part.