Progressive Care Inc (fka RXMD)

[boothjp21]

That's part of the success fee if there is any convertible debt or financing. Nice try.

Computation and Payment of Success Fees.

(i) Financings. For each Financing, the Success Fee will be (a) a cash fee equal to 8% of the gross
proceeds from any equity Financing, 8% of the gross proceeds from any convertible debt or
mezzanine Financing, and 3% of the gross proceeds from any debt Financing and in all instances
including, without limitation, upon exercise of any cash based warrants issued in any Financing, and
(b) shares of the Company’s Common Stock (the “MBS Stock”) equal to 3% of the aggregate
number of the fully diluted and/or converted shares of common stock and/or common stock
equivalents purchased by the Investors (after giving effect to any warrants issued to the Investors in
any Financing and the increase in shares under a ratchet or similar provision pursuant to which the
number of shares initially acquired is subsequently increased) on the same terms and conditions as
the Investors were granted