SEC Contract Filing

Filing Date: 2023-05-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>iiot_ex1001.htm
<DESCRIPTION>AMENDMENT NO. 2 TO THE 12% SECURED CONVERTIBLE PROMISSORY NOTE
<TEXT>
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<P STYLE="margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>AMENDMENT
No. 2 TO 12% SECURED CONVERTIBLE PROMISSORY NOTE</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Amendment No. 2 to the
12% Secured Convertible Promissory Note (this &ldquo;<B>Amendment</B>&rdquo;), dated effective August 2, 2022 (the &ldquo;<B>Effective
Date</B>&rdquo;), is by and between IIOT-OXYS, Inc., a Nevada corporation (the &ldquo;<B>Borrower</B>&rdquo;), on the one hand, and Vidhyadhar
Mitta, an individual (the &ldquo;<B>Holder</B>&rdquo;), on the other hand. The Borrower and the Holder will be referred to individually
as a &ldquo;<B>Party</B>&rdquo; and collectively as the &ldquo;<B>Parties</B>.&rdquo; Any capitalized terms not defined in this Amendment
will have the meaning set forth in the 12% Secured Convertible Promissory Note dated August 2, 2019 issued by the Borrower to the Holder
(the &ldquo;<B>Note</B>&rdquo;), attached hereto as <B><U>Exhibit A</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECITALS</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, on August
2, 2019, the Borrower issued to the Holder the Note in the principal amount of up to $125,000;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Note matured
on August 2, 2022 and is in default; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Parties
wish to amend the Note to extend the maturity date from August 2, 2022 to August 2, 2024.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THEREFORE</B>, 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.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AGREEMENT</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Extension of Maturity Date</U></B>. Pursuant to Section 7.4 of the Note, Section 1.2 be and hereby is revised so, as amended,
reads as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Maturity
Date</U>. The outstanding principal of this Note (the &ldquo;Outstanding Principal&rdquo;) together with any accrued and unpaid interest
thereon (the &ldquo;Outstanding Interest&rdquo;), shall all be due and payable on August 2, 2024 (the &ldquo;Maturity Date&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Waiver of Prior Defaults</U></B>. 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Other Changes</U></B>. 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