Electromedical settles defaults with Mast Hill Fund; cancels warrants, extends maturity

Electromedical Technologies, Inc

Settled defaults on three security purchase agreements dated Oct 2021, Feb 2022, and Sep 2022.
All outstanding warrants cancelled; interest and default interest waived until new maturity Sep 25, 2025.
Interest accrues at 12% per annum; repayment includes 15% of any capital raised while notes outstanding.
Company also agrees to pay Mast Hill a pro-rata portion of proceeds from current and future product sales.

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