Document:

Exhibit 10.9

 

AMENDMENT
No. 1 TO 5% SECURED CONVERTIBLE PROMISSORY NOTE

 

This Amendment No.
1 to the 5% Secured Convertible Promissory Note (this “Amendment”), dated effective January 22, 2020 (the “Effective
Date”), is by and between IIOT-OXYS, Inc., a Nevada corporation (the “Borrower”), on the one hand,
and Cambridge MedSpace, LLC, a Massachusetts limited liability company (the “Holder”), on the other hand. The
Borrower and the Holder will be referred to individually as a “Party” and collectively as the “Parties.”
Any capitalized terms not defined in this Amendment will have the meaning set forth in the 5% Secured Convertible Promissory Note
dated January 22, 2019 issued by the Borrower to the Holder (the “Note”), attached hereto as Exhibit A.

 

RECITALS

 

WHEREAS, on
January 22, 2019, the Borrower issued to the Holder the Note in the principal amount of $55,000 (the “Principal Amount”);

 

WHEREAS, the
Note matured on January 22, 2020 (the “Maturity Date”);

 

WHEREAS, the
Parties wish to amend the Note to extend the Maturity Date to January 22, 2020.

 

THEREFORE, in
consideration of the foregoing recitals, mutual covenants contained herein, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties agree as set forth below.

 

AGREEMENT

 

1.                  
Extended Maturity Date. Pursuant to Section 7(i) of the Note, the definition of “Maturity Date” in
the Note shall be March 1, 2021.

 

2.                  
Waiver of Prior Defaults. Upon entering into this Amendment, the Holder hereby waives all Events of Default,
known or unknown to the Holder, by Borrower prior to the Effective Date.

 

3.                  
No Other Changes. Except as amended hereby, the Note will continue to be, and will remain, in full force and
effect. Except as provided herein, this Amendment will not be deemed (i) to be a waiver of, or consent to, or a modification or
amendment of, any other term or condition of the Note or (ii) to prejudice any right or rights which the Parties may now have or
may have in the future under or in connection with the Note or any of the instruments or agreements referred to therein, as the
same may be amended, restated, supplemented or otherwise modified from time to time.

 

4.                  
Authority; Binding on Successors. The Parties represent that they each have the authority to enter into this
Amendment. This Amendment will be binding on, and will inure to the benefit of, the Parties to it and their respective heirs, legal
representatives, successors, and assigns.

 

5.                  
Governing Law and Venue. This Amendment and the rights and duties of the Parties hereto will be construed and
determined in accordance with the terms of the Note.

 

 

 

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6.                  
Incorporation by Reference. The terms of the Note, except as amended by this Amendment, are incorporated herein
by reference and will form a part of this Amendment as if set forth herein in their entirety.

 

7.                  
Counterparts; Facsimile Execution. This Amendment may be executed in any number of counterparts and all such
counterparts taken together will be deemed to constitute one instrument. Delivery of an executed counterpart of this Amendment
by facsimile or email will be equally as effective as delivery of a manually executed counterpart of this Amendment.

 

[Signature Page to Follow]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF,
each of the undersigned has executed this Amendment the respective day and year set forth below:

 

	BORROWER:	IIOT-OXYS, Inc.
	 	 	 
	 	 	 
	Date:  June 12, 2020	By	/s/ Karen McNemar
	 	 	Karen McNemar, COO
	 	 	 
	HOLDER:	 
	 	 	 
	 	 	 
	Date:  June 12, 2020	By	/s/ Clifford L. Emmons
	 	 	Clifford L. Emmons 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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EXHIBIT A

 

5% Secured Convertible Promissory Note dated
January 22, 2019

 

[See Attached]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	4Exhibit 4.1

     

    NUMBER UNITS

    U-

     

    SEE REVERSE FOR CERTAIN

    DEFINITIONS

     

    CUSIP

     

    SPORTS ENTERTAINMENT ACQUISITION CORP.

     

    UNITS CONSISTING OF ONE SHARE OF CLASS A COMMON STOCK AND

    ONE-HALF OF ONE REDEEMABLE WARRANT, EACH WHOLE WARRANT ENTITLING THE HOLDER TO

    PURCHASE ONE SHARE OF CLASS A COMMON STOCK

     

    THIS CERTIFIES THAT is the owner of Units.

     

    Each Unit (“Unit”) consists of one
      (1) share of Class A common stock, par value $0.0001 per share (“Class A Common Stock”), of Sports Entertainment Acquisition
      Corp., a Delaware corporation (the “Company”), and one-half (1/2) of one redeemable warrant (each whole warrant exercisable for
      one share of Class A common stock) (the “Warrant”). Each whole Warrant entitles the holder to purchase one (1) share of Class A
      Common Stock (subject to adjustment) for $11.50 per share (subject to adjustment). Only whole Warrants are exercisable. Each Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s completion of an initial merger,
      capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses (each a “Business Combination”), and (ii) twelve (12) months from the closing of the Company’s initial public offering, and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years
      after the date on which the Company completes its initial Business Combination, or earlier upon redemption or liquidation. The shares of Class A Common Stock and Warrants comprising the Units represented by this certificate are not transferable
      separately prior to , 2020, unless Goldman Sachs & Co. LLC and PJT Partners LP elect to allow separate trading earlier, subject to the Company’s filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an
      audited balance sheet reflecting the Company’s receipt of the gross proceeds of its initial public offering and issuing a press release announcing when separate trading will begin. No fractional Warrants will be issued upon separation of the Units
      and only whole Warrants will trade. The terms of the Warrants are governed by a Warrant Agreement, dated as of , 2020, between the Company and Continental Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and
      provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at One State Street, 30th Floor, New York, New York 10004, and are available to any Warrant holder on written request and without cost.

     

    Upon the consummation of the Business Combination, the Units represented by this certificate will automatically separate into the shares of Class A Common
      Stock and Warrants comprising such Units.

     

    This certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

     

    This certificate shall be governed by and construed in accordance with the internal laws of the State of New York.

     

    Witness the facsimile signature of its duly authorized officers.

    	 	 	 	 	 
	 	 	 	 	 
	
            Secretary

          	 	 	 	
            Principal Executive Officer

          

     

    

    

    
      
        

    

    

    

     

    SPORTS ENTERTAINMENT ACQUISITION CORP.

    

    

    The Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative, participating,
      optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights.

     

    The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full
      according to applicable laws or regulations:

    	 	 	 	 	 	 	 	 	 	 	 
	
            TEN COM

          	 	
            —

          	 	
            as tenants in common

          	 	
            UNIF GIFT MIN ACT

          	 	
            —

          	 	
            ______ Custodian ______

            (Cust) (Minor)

            Under Uniform Gifts to

            Minors Act _____________

            (State)

          
	
            TEN ENT

          	 	
            —

          	 	
            as tenants by the entireties

          	 	 	 	 
	
            JT TEN

          	 	
            —

          	 	
            as joint tenants with right of survivorship and not as tenants in common

          	 	 	 	 

     

    Additional abbreviations may also be used though not in the above list.

    
      
        

    

    

    

     

    For value received, ______________ hereby sell(s), assign(s) and transfer(s) unto ________________

     

    PLEASE INSERT SOCIAL SECURITY OR

    OTHER

    IDENTIFYING NUMBER OF ASSIGNEE

     

    (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

     

    _______________Units represented by the within Certificate,
        and do(es) hereby irrevocably constitute and appoint

     

    ________________________Attorney to transfer the said Units on the books of the within named Company with full power of substitution in the premises.

     

    Dated _______________

    	 	 	 
	 	 	 
	 	 	
            Notice:
                 The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatsoever.

          

    

    

    Signature(s) Guaranteed:

     

    THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,

    STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE
      17Ad-15 (OR ANY SUCCESSOR RULE) UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED).

     

    In each case, as more fully described in the Company’s final prospectus dated           , 2020, the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held in the trust account established in connection with the Company’s initial public offering only in the event
        that (i) the Company redeems the shares of Class A Common Stock sold in its initial public offering and liquidates because it does not consummate an initial business combination by , 2022, or by such later date approved by the Company’s
        stockholders in accordance with the Company’s amended and restated certificate of incorporation, (ii) the Company redeems the shares of Class A Common Stock sold in its initial public offering in connection with a stockholder vote to amend the
        Company’s amended and restated certificate of incorporation (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s initial business combination or to redeem 100% of the Class A Common
        Stock if it does not complete its initial business combination by , 2022, or (B) with respect to any other provision relating to the holder(s) rights or pre-initial business combination activity, or (iii) if the holder(s) seek(s) to redeem for cash
        his, her, its or their respective shares of Class A Common Stock in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks stockholder approval of the proposed initial business combination) setting forth the
        details of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

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