On May 8, 2020, in connection with the wind down of its Spectrum Partners Program and the shifting of those activities to Iota Spectrum Holdings, LLC, Iota Communications, Inc. (the Company) entered into an agreement with Carole L. Downs to terminate her employment as President, Spectrum Partners effective July 3, 2020. Ms. Downs will remain a member of the Board of Directors of the Company. In connection with her termination of employment, Ms. Downs did not express any disagreement on any matter relating to the Company's operations, policies, or practices.