Ault Lending converts $101,528.77 note into 10.99M shares at $0.01 each

TurnOnGreen, Inc.

Ault Lending converted entire outstanding Convertible Note principal ($101,528.77) plus accrued interest into 10,990,142 common shares on Oct 12, 2022.
Conversion price was $0.01 per share; note originally issued Dec 2021, matures Dec 15, 2023, with 10% annual interest.
Shares issued under Section 3(a)(9) exemption from Securities Act; no registration required due to exchange of securities.
No new cash proceeds; conversion extinguishes note liability and increases outstanding share count by 10.99 million.

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