CEO Gray exchanges 1,000 Series C preferred for 3M shares; Stuart and affiliate convert notes into convertible debt

WYTEC INTERNATIONAL INC

CEO William Gray exchanges all 1,000 Series C Preferred shares for 3,000,000 common shares (3:1 ratio).
Director Christopher Stuart exchanges $385,658.67 in notes for a 9.5% convertible note due Dec 31, 2023.
Eagle Rock Investments (Stuart affiliate) exchanges $320,242.46 in notes for a 9.5% convertible note due Dec 31, 2023.
Convertible notes may auto-convert if Wytec lists on Nasdaq Capital Markets; otherwise convertible at $5/share with warrants.
Shares and notes issued in unregistered transactions exempt under Section 4(a)(2) and Regulation D.

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