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Re: pitadog post# 76427

Wednesday, 08/24/2016 3:24:49 PM

Wednesday, August 24, 2016 3:24:49 PM

Post# of 112680
They should have received $500,000 no later than September 15. $150,000 is due before the end of this month and another $350,000 is due by mid September.

3. Upon Signing Definitive Agreement $350,000, not to exceed 30 days on a “best efforts” basis.



The balance needs to be available by mid October.

4. 60 days after signing the Definitive Agreement $2,000,000 on a mutually agreed draw down schedule on a “best efforts” basis.



Nothing in the agreement says that they can't collect the funds in item 3 or 4 sooner than they are due. It simply gives RxMM some flexibility to get the money together.

Les