IIOT-OXYS exchanges debt for equity with CEO-affiliated lender; $68,825 forgiven

IIOT-OXYS, Inc.

Board ratified Debt Exchange Agreement dated Feb 5, 2024 with Cambridge MedSpace LLC, owned by CEO Clifford L. Emmons.
Company issued 57 shares of Series C Preferred Stock for forgiveness of $68,825 of debt ($55k principal plus accrued interest).
Issuance exempt from registration under Section 3(a)(9) of Securities Act as an exchange.
Related-party transaction: lender is owned by CEO Clifford L. Emmons.

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