Ozop repurchases $11.25M in preferred shares from Cathy Chis; control shifts to CEO Brian Conway

OZOP ENERGY SOLUTIONS, INC.

Repurchased 47,500 Series C and 18,667 Series D preferred shares from Catherine Chis for $11.25M cash.
Chis resigned as president and sole director of subsidiary Power Conversion Technologies, Inc. effective July 16, 2021.
Chis subject to 5-year non-compete and non-solicit worldwide; mutual releases and non-disparagement.
Voting control transferred from Chis to CEO Brian Conway via his Series C preferred stock ownership.
William Yargeau appointed president and director of PCTI upon closing.

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