Document:

Exhibit 10.20

 

SETTLEMENT AGREEMENT

 

This Settlement Agreement
(the “Agreement”), entered into effective the 20th day of September, 2018, is by, between, and among
IIOT-OXYS, Inc., a Nevada corporation (hereinafter the “Client”), HereLab, Inc., a Delaware corporation and
wholly-owned subsidiary of the Client (“HereLab”), OXYS Corporation, a Nevada corporation and wholly-owned subsidiary
of the Client (“OXYS”), and Patrick Phillips, an individual located at 10 Rock Pond Road, West Tisbury MA 02575
(the “Consultant”).

 

RECITALS:

 

WHEREAS, on
August 22, 2017, OXYS entered into a Consulting Agreement with HereLab (the “August 2017 Agreement”);

 

WHEREAS, effective
as of August 22, 2017, HereLab, OXYS, and Mr. Phillips entered into a Novation Agreement pursuant to which Mr. Phillips assumed
the obligations of HereLab under the August 2017 Agreement and HereLab was discharged from the August 2017 Agreement;

 

WHEREAS, on
May 22, 2018, Mr. Phillips entered into a Consulting Agreement with the Client (the “May 2018 Agreement”);

 

WHEREAS, effective
September 20, 2018, Mr. Phillips resigned from all positions within the Client, HereLab, and OXYS and the August 2017 Agreement
and the May 2018 Agreement were mutually terminated by all parties;

 

WHEREAS, pursuant
to the May 2018 Agreement, the Client is obligated to issue equity compensation to Mr. Phillips; however, the amount of equity
compensation to be issued to Mr. Phillips is uncertain; and

 

WHEREAS, the
Client is willing to issue restricted shares of its common stock in satisfaction of its obligations to Mr. Phillips under the May
2018 Agreement, OXYS’s obligations (if any) under the August 2017 Agreement, and obligations under any other agreements (if
any), either written or verbal, the Client, HereLab, or OXYS has with Mr. Phillips and to settle any and all matters arising between
the parties hereto under the August 2017 Agreement, the May 2018 Agreement, and any other agreements, either written or verbal,
the Client, HereLab, or OXYS has with Mr. Phillips.

 

NOW, THEREFORE,
in consideration of the terms and conditions of this Agreement, the parties hereto agree as follows:

 

1.                  
Issuance of Restricted Shares. The Client hereby issues to Mr. Phillips and Mr. Phillips hereby agrees to accept
the issuance of One Hundred and Four Thousand Six Hundred and Seventy Three (104,673) shares of Common Stock of the Client (the
“Settlement Shares”) as full and complete satisfaction of all obligations of the Client, OXYS, or HereLab to
Mr. Phillips arising pursuant to the terms of the August 2017 Agreement, the May 2018 Agreement, and any other agreements, either
written or verbal. On January 1, 2019, the Client shall direct the Client’s transfer agent to issue the Settlement Shares
and deliver the stock certificate representing such Settlement Shares to Mr. Phillips at the address set forth above.

 

2.                  
Full Release by Mr. Phillips. Mr. Phillips, for himself, and for his heirs, executors, administrators, and assigns,
shall, and does, accept, receive, and take the Settlement Shares from the Client as full and complete satisfaction of any and all
monetary debts or other obligations owed to him by the Client, OXYS, or HereLab and hereby forever fully releases and discharges
the Client, OXYS, or HereLab and thier officers, directors, successors, assigns, attorneys, agents and affiliates from any and
all claims, causes of actions, damages, liabilities or costs (including attorneys fees and legal costs), whether known or unknown,
relating in any way to the August 2017 Agreement, the May 2018 Agreement, or any other issues or disputes that are the subject
matter of or relating to the August 2017 Agreement or the May 2018 Agreement.

 

 

 

 

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3.                  
Representations and Warranties of Mr. Phillips. Mr. Phillips represents and warrants to the Company as follows:

 

a.                  
Accredited Investor. Mr. Phillips is an “accredited investor” as that term is defined in Rule 501(a)
of Regulation D promulgated by the Securities and Exchange Commission (the “SEC”).

 

b.                  
Restricted Securities. Mr. Phillips understands that the Settlement Shares have not been registered pursuant to the
Securities Act, or any state securities act, and thus will be restricted securities as defined in Rule 144 promulgated by the SEC.
Therefore, under current interpretations and applicable rules, he will probably have to retain such Settlement Shares for a period
of at least six (6) months from the date this Agreement is executed by Mr. Phillips and at the expiration of such holding period
his sales may be confined to brokerage transactions of limited amounts requiring certain notification filings with the SEC and
such disposition may be available only if the Client is current in its filings with the SEC under the Exchange Act, or other public
disclosure requirements.

 

c.                   
Non-distributive Intent. Mr. Phillips acknowledges that the Settlement Shares are being acquired for his own account,
for investment, and not with the present view towards the distribution thereof and he will not dispose of any of the Settlement
Shares except (i) pursuant to an effective registration statement under the Securities Act, or (ii) in any other transaction which,
in the opinion of counsel acceptable to the Client, is exempt from registration under the Securities Act, or the rules and regulations
of the SEC thereunder.

 

d.                  
Evidence of Compliance with Private Offering Exemption. Mr. Phillips represents and warrants that he, either individually
or together with his purchaser representative, has such knowledge and experience in business and financial matters that he is capable
of evaluating the risks of the prospective investment, and that the financial capacity of Mr. Phillips is of such proportion that
the total cost of Mr. Phillips’ commitment in the Settlement Shares
would not be material when compared with his total financial capacity. Mr. Phillips has adequate means of providing for current
needs and personal contingencies and has no need to sell the Settlement Shares in the foreseeable future.

 

e.                   
Access to Information. Mr. Phillips confirms that all documents, records, and books pertaining to this proposed transaction
have been made available to him. In addition, Mr. Phillips has reviewed or had access to the Client’s annual report on Form
10-K for the year ended December 31, 2017, and each filing made by the Client with the SEC since the filing of such annual report.

 

f.                   
Opportunity to Ask Questions. Mr. Phillips has had an opportunity to ask questions of and receive answers from duly
designated representatives of the Client concerning the terms and conditions of this transaction and has been afforded an opportunity
to examine such documents and other information which Mr. Phillips or his representative, if any, has requested for the purpose
of verifying the information set forth in this Agreement and for the purpose of answering any questions Mr. Phillips may have concerning
the business and affairs of the Client. In addition, Mr. Phillips has received all requested additional information and documents.

 

g.                   
Limitations on Transfer of Settlement Shares. Mr. Phillips acknowledges that he is aware that there are substantial
restrictions on the transferability of the Settlement Shares. Since these Settlement Shares will not be registered under the Securities
Act or any applicable state securities laws, the Settlement Shares may not be, and Mr. Phillips agrees that they shall not be,
transferred unless they are registered under the Securities Act and state securities laws, or unless such sale is exempt from such
registration under the Securities Act and any other applicable state securities laws or regulations. Mr. Phillips further acknowledges
that the Client is under no obligation to aid in obtaining any exemption from the registration requirements. Mr. Phillips also
acknowledges that he will be responsible for compliance with all conditions on transfer imposed by any securities administrator
of any state and for any expenses incurred by the Client for legal or accounting services in connection with reviewing such a proposed
transfer and/or issuing opinions in connection therewith. Mr. Phillips also acknowledges that an appropriate legend will be placed
upon each of the certificate(s) representing the Settlement Shares stating that they have not been registered under the Securities
Act and setting forth or referring to the restrictions on transferability and sale of the Settlement Shares.

 

 

 

 

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h.                  
Authorization; Enforceability. Mr. Phillips has the requisite power and authority to enter into this Agreement. This
Agreement has been duly executed by Mr. Phillips and, when delivered in accordance with the terms hereof, will constitute the valid
and binding obligation of Mr. Phillips enforceable against Mr. Phillips in accordance with its terms, except as such enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting
generally the enforcement of, creditors’ rights and remedies or by other equitable principles of general application.

 

4.                  
Representations and Warranties of the Client, OXYS, and HereLab. Each of the Client, HereLab, and OXYS, jointly
and not severally, represents and warrants to Mr. Phillips as follows:

 

a.                  
Authorization; Enforceability. The Client has the requisite corporate power and authority to enter into this Agreement.
The Client has the requisite corporate power and authority to issue the Settlement Shares as contemplated by this Agreement. The
execution and delivery of this Agreement by the Client, OXYS, and HereLab has been duly authorized by all necessary action on the
part of the Client, OXYS, and HereLab and no further action is required by the Client, OXYS, and HereLab in connection herewith.
The issuance of the Settlement Shares contemplated hereby have been duly authorized by all necessary action on the part of the
Client and no further action is required by the Client in connection herewith. This Agreement has been duly executed by the Client,
OXYS, and HereLab and, when delivered in accordance with the terms hereof, will constitute the valid and binding obligation of
the Client, OXYS, and HereLab enforceable against the Client, OXYS, and HereLab in accordance with its terms, except as such enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting
generally the enforcement of, creditors’ rights and remedies or by other equitable principles of general application.

 

b.                  
Issuance of the Settlement Shares. The Settlement Shares have been duly authorized and, when issued in accordance
with this Agreement, will be duly and validly issued, fully paid and nonassessable, free and clear of all of all encumbrances and
restrictions (other than those created by the Mr. Phillips), except for restrictions on transfer imposed by applicable securities
laws.

 

5.                  
Miscellaneous.

 

a.                  
Attorneys’ Fees. If any legal action or other proceeding is brought for the enforcement of this Agreement,
or because of an alleged dispute, breach, default, or misrepresentation in connection with any of the provisions of this Agreement,
the successful or prevailing party or parties will be entitled to recover reasonable attorneys’ fees and other costs incurred
in that action or proceeding, in addition to any other relief to which it or he may be entitled.

 

b.                  
Entire Agreement; Modification; Waiver. This Agreement constitutes the entire agreement between or among the parties
pertaining to the subject matter contained in it and supersedes all prior and contemporaneous agreements, representations, and
understandings of the parties. No supplement, modification, or amendment of this Agreement will be binding unless executed in writing
by all the parties or the applicable parties to be bound by such amendment. No waiver of any of the provisions of this Agreement
will constitute a waiver of any other provision, whether or not similar, nor will any waiver constitute a continuing waiver. No
waiver will be binding unless executed in writing by the party making the waiver.

 

c.                   
Survival of Covenants, Etc. All covenants, representations and warranties made herein shall survive the making of
this Agreement and shall continue in full force and effect for a period of two (2) years from the dated of this Agreement, at the
end of which period no claim may be made with respect to any such covenant, representation, or warranty unless such claim shall
have been asserted in writing to the indemnifying party during such period.

 

d.                  
Binding on Successors. This Agreement will be binding on, and will inure to the benefit of, the parties to it and
their respective successors, and assigns.

 

 

 

 

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e.                   
Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Nevada
applicable to contracts made and to be performed in such State, without reference to the choice of law principals thereof.

 

f.                   
Severability. If any provision of this Agreement is held invalid or unenforceable by any court of final jurisdiction,
it is the intent of the parties that all other provisions of this Agreement be construed to remain fully valid, enforceable, and
binding on the parties if the essential terms and conditions of this Agreement for each party remain valid, binding and enforceable.

 

g.                   
Headings. The descriptive headings of the various paragraphs or parts of this Agreement are for convenience only
and shall not affect the meaning or construction of any of the provisions hereof.

 

h.                  
Number and Gender. Wherever from the context it appears appropriate, each term stated in either the singular or the
plural shall include the singular and the plural, and pronouns stated in either the masculine, the feminine, or the neuter gender
shall include the masculine, feminine, and neuter.

 

i.                   
Counterparts; Facsimile Execution. This Agreement may be executed in any number of counterparts and all such counterparts
taken together shall be deemed to constitute one instrument. Delivery of an executed counterpart of this Agreement by facsimile
or email shall be equally as effective as delivery of a manually executed counterpart of this Agreement. Any party delivering an
executed counterpart of this Agreement by facsimile or email also shall deliver a manually executed counterpart of this Agreement,
but the failure to deliver a manually executed counterpart shall not affect the validity, enforceability, or binding effect of
this Agreement.

 

j.                   
Full Knowledge. By their signatures, the parties acknowledge that they have carefully read and fully understand the
terms and conditions of this Agreement, that each party has had the benefit of counsel, or has been advised to obtain counsel,
and that each party has freely agreed to be bound by the terms and conditions of this Agreement.

 

SIGNATURE PAGE FOLLOWS

 

 

 

 

 

 

 

 

 

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SIGNATURE PAGE

 

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

 

	THE CLIENT:	IIOT-OXYS, Inc.
	 	 	 
	 	 	 
	Date: November 5, 2018	By:	/s/ Cliff L. Emmons
	 	 	Cliff L. Emmons, CEO
	 	 	 
	 	 	 
	OXYS:	OXYS Corporation
	 	 	 
	 	 	 
	Date: November 5, 2018	By:	/s/ Cliff L. Emmons
	 	 	Cliff L. Emmons, President
	 	 	 
	 	 	 
	 	 	 
	HERELAB:	HereLab, Inc.
	 	 	 
	 	 	 
	Date: November 5, 2018	By:	/s/ Antony Coufal
	 	 	Antony Coufal, President
	 	 	 
	 	 	 
	 	 	 
	Date: November 5, 2018	By:	/s/ Patrick Phillips
	 	 	Patrick Phillips, an individual
	 	 	 

 

 

 

 

 

    	 	5Exhibit 10.1

 

 

March 11, 2019

  

Steve Saville

51 Waterton Drive

Bear, DE 19701

 

Dear Steve,

 

We are pleased to confirm our offer of
employment as EVP of Operations for Cross Country Healthcare, Inc. (the “Company”). You will report to Kevin Clark,
President and CEO of the Company. Your start date will be April 15, 2019.

 

You will be compensated for all services
rendered by you under this Agreement at the rate of $430,000.00 per annum, payable in a manner that is consistent with the Company’s
payroll practices for executive employees. At least annually, the Company’s Compensation Committee of the Board (the “Compensation
Committee”), will review and consider in its sole discretion whether to increase the base salary payable to you hereunder.
Your annual rate of base salary as determined herein from time to time, is hereinafter referred to as the “Base Salary”.
Applicable payroll deductions as required by State and Federal law will be withheld from your paycheck, along with any voluntary
deductions that you authorize.

 

For each calendar year while employed by
the Company, you will participate in the Company’s short-term incentive bonus plan approved by the Company at opportunities
levels to be defined by the Compensation Committee in its discretion, with a target annual bonus amount of 75% of your Base Salary
(“STI Target Percentage”).

 

For each calendar year while employed by
the Company, you will participate in the Company’s long-term incentive plan approved by the Company and receive awards thereunder
on an annual basis with a target value of 75% of your Base Salary (“LTI Target Percentage”). Such award shall be upon
terms and conditions determined at the discretion of the Compensation Committee.

 

Your compensation package will include
benefits offered to Senior Executives of the Company and shall include, but not be limited to, the following:

 

		·	Medical, Vision, Dental, Life Insurance–basic
and supplemental, eligible 1st of the month following your hire date

		·	Disability Insurance–short-term
and long-term

		·	Tuition Assistance

		·	Vacation Time–20 days per year

		·	Sick Time–6 days per year

		·	Personal Time–3 days per year

		·	Holidays–eligible for all Company
paid holidays following hire date

 

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Relocation Assistance: 

 

The Company will reimburse you for the
costs of covered expenses related to your relocation, up to a maximum amount of $75,000.00 (upon receipt of written invoices from
third party vendors regarding the same) to be used for up to 3 trips for family regarding homes/schools, closing costs of current
home, closing costs of new home, and moving company expense (the “Relocation Expenses”). If your total Relocation
Expenses exceed $75,000, then you agree to be responsible for any additional amounts.

 

Reimbursement of costs:

 

If you are terminated for Cause (as defined
below) or you elect to voluntarily terminate your employment with the Company within 365 days immediately following your start
date, you agree to repay a pro rata portion to the Company of any Relocation Expenses paid to you or on your behalf within ninety
(90) days of your termination date, unless otherwise agreed upon by you and the Company. You will indicate your acknowledgment
of this repayment when signing this offer letter.

 

Temporary housing:

 

The Company will pay for temporary housing
expenses for up to twelve (12) months at a cost to the Company not to exceed $3,500.00 per month. The Company will pay invoices
directly for such temporary executive housing. You agree to work with Diane Allen-Smith, Senior Executive Assistant to Kevin Clark,
to assist you in securing temporary housing.

 

Termination

 

Your employment with the Company will terminate
on the following terms and conditions:

(a) automatically on the earlier of your
voluntary resignation from employment without Good Reason (as defined below) or the date of your death; (b) upon notice from the
Company if you are unable to perform your duties hereunder for 120 days (whether or not continuous) during any period of 180 consecutive
days by reason of physical or mental disability. The disability will be deemed to have occurred on the 120th day of your absence
or lack of adequate performance; or (c) upon the Company sending you written notice terminating your employment hereunder for Cause
(as defined below). Upon a termination of your employment pursuant to this paragraph, the Company's sole obligation to you will
be to pay you the Accrued Amounts (as defined below).

 

Upon a termination of your employment by
the Company or any of its affiliates without Cause (as defined below) or your resignation for Good Reason (as defined below), the
Company's sole obligation to you will be to pay or provide to you (1) any unpaid Base Salary through the date of termination payable
in accordance with the Company’s regular payroll practices; (2) reimbursement for any unreimbursed business expenses incurred
through the date of termination paid in the next payroll immediately following the date of termination; (3) payment for any accrued
but unused vacation and sick time in accordance with Company policy, payable within thirty (30) days following the termination
of your employment; (4) all other applicable compensation arrangement or benefit, equity, or fringe benefit plan or program or
grant pursuant to the terms and conditions of such plans (collectively, the “Accrued Amounts”) and (5) continued payments
of the Base Salary in effect at the time of the termination in accordance with the Company's regular payroll practices for a period
of twelve (12) months following the date of termination(the "Severance Payments"). Notwithstanding anything herein to
the contrary, the Severance Payments will only be payable to you if within 60 days following the date of termination you execute
and deliver to the Company a fully effective and irrevocable release of claims against the Company and related parties, which the
Company will provide to you within 7 days following the date of termination.

 

    	 	2	 

     

    

 

Notwithstanding the foregoing, if you are
or become eligible for severance benefits under the Company's Executive Severance Plan Amended and Restated as of May 28, 2010
(as in effect on the Effective Date, as thereafter amended, or any similar plan or arrangement adopted by the Company in replacement
thereof, the "Executive Severance Plan") you will cease to be eligible for the Severance Payments described herein and
the Company's sole obligation will be to pay you the amounts and provide you with the benefits provided in the Executive Severance
Plan subject to the terms and conditions thereof.

 

"Cause" means (i) an act or acts
of fraud or dishonesty by you which results in the personal enrichment of you or another person or entity at the expense of the
Company; (ii) your pleading of guilty or nolo contendere to, or conviction of (x) any felony (other than third degree vehicular
infractions), or (y) of any other crime or offense involving misuse or misappropriation of money or other property; (iii) your
knowing, intentional and material breach of the Company’s Code of Conduct for Senior Officers; or (iv) your gross negligence
or willful misconduct with respect to your duties or gross misfeasance of office that results in material harm to the Company.

 

"Good Reason" means, if without
your written consent, any of the following events occur that are not cured by the Company within 30 days after you have given the
Company written notice specifying the occurrence of such Good Reason event, which notice must be given by you to the Company within
90 days after your becoming aware of the occurrence of the Good Reason event: (i) a material diminution in your then authority,
duties or responsibilities or assignment of duties and responsibilities that are inconsistent with your status, title or position;
(ii) a diminution in your Base Salary, STI Target Percentage or LTI Target Percentage (iii) a relocation of your principal business
location to a location more than 50 miles outside of Boca Raton, Florida; or (iv) any material breach of this Agreement by the
Company. Your resignation hereunder for Good Reason will not occur later than 180 days following the initial date on which the
event you claim constitutes Good Reason occurred.

 

This offer letter constitutes the full
and complete understanding of the parties with respect to the Severance Payments.

 

Change of Control Severance:

 

Upon signing a Participation Agreement,
you will be entitled to participate in the Company’s Executive Severance Agreement Amended and Restated as of May 28, 2010
pursuant to which you will be entitled to receive a 1-year payout and other benefits upon a change of control (pursuant to the
terms and conditions in the Executive Severance Agreement).

 

This offer of employment is contingent
upon satisfactory references, verification of your eligibility to work in the United States, background screen, pre-employment
drug testing and the signing of a “Non-Disclosure and Non-Competition Agreement.” This is at-will employment, and you
have the right to terminate the employment at any time as does the Company. By signing this offer letter, you hereby confirm that
you are not contractually bound or restricted by nor will you be in violation of any agreements or arrangements that would prohibit
you from being employed or performing as EVP of Operations of the Company.

 

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Steve, on behalf of the Company, we wish
to convey our enthusiasm in inviting you to join us as a member of the team. We are confident that you will find your employment
to be a rewarding opportunity and one which will contribute to your growth as well as that of the Company

 

Sincerely,

 

 

/s/ Colin McDonald

Colin McDonald

Vice President, Human Resources

 

CC: Kevin Clark, President & CEO

 

I acknowledge and understand the terms of this offer letter:

 

 

	Signature:	/s/ Stephen Saville	 
	 	STEPHEN SAVILLE	 

 

Date:                March 14, 2019        

 

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