ARGQ Argentum 47 Inc (PK)

Item 1.01 Entry into a Material Definitive Agreement.

As previously reported in a Form 8-K Current Report filed on November 21, 2017, on November 20, 2017, Global Equity International, Inc. (“Company”) entered into a Funding Agreement with William Marshal Plc., a company incorporated under the laws of the United Kingdom (“Lender”), pursuant to which the Lender agreed to loan the Company a minimum of £2,000,000 (approximately US$2,636,000). The loan will be funded in one or more tranches beginning the first week of December 2017. The proceeds of the loan will be used by the Company to acquire up two financial advisory firms with funds under management. Note: On December 7, 2017, we received a letter from William Marshal Plc advising us that there have been some technical delays in funding the above loan this week and next. However, the letter from William Marshal Plc states that it still expects to commence the funding program in this December.

The two financial advisory firms are located in the United Kingdom (“UK”) and the isle of Man, respectively. The UK based firm has approximately US$51,000,000 in funds under management and the Isle of Man based firm has approximately US$39,000,000 in funds under management. Both of these firms have been in business for several years and are owned by the same company. We intend to enter into definitive acquisition agreements for these two firms in the near future.

Some of the proceeds of the loan will be used for reduction of our indebtedness and for our general working capital purposes.

Each tranches of the loan will be evidenced by a Convertible Note, bearing interest at 6% per annum. Interest on the Convertible Notes is payable semi-annually. The first semi-annual interest payment shall be made in cash or, at the option of the Lender, in shares of our Common Stock at the conversion price indicated in the Convertible Notes. The Convertible Notes will mature on the 366 ^th day following issuance (“Maturity Date”). The principal and any accrued, but unpaid, interest outstanding on the Maturity Date shall be mandatorily converted into shares of our Common Stock.

The conversion price under the Convertible Notes shall be equal to the greater of U.S.$0.02 or the average closing price of Borrower’s Common Stock on the Over-the-Counter Bulletin Board for the prior 60 trading days (subject to equitable adjustments for stock splits and similar events). A “trading day” shall mean any day on which the Common Stock is tradable for any period on the stock exchange on which the Borrower’s Common Stock is traded or quoted.