Praxsyn Corp (PXYN)

[Pisd]

AWESOME PXYN $$ systematically paying off old debts/convertibles with cash. Heres yet another one of so many examples off the 10k...

As discussed in Note 5, on May 1, 2014, we finalized a settlement agreement with AATV. Under the finalized agreement, we agreed to pay AATV $1,100,000 for the following:

- $600,000 for the full repayment of principal and accrued interest on a Profit Sharing Note, $100,000 of which was paid in March 2014 (see Note 5).

- $500,000 for the repurchase of 7,504 Series D Preferred shares, representing the amount of AATV’s original investment (see Note 8).

As of December 31, 2014, we had paid all amounts owed under our obligation to AATV.