Progressive Care Inc (fka RXMD)

[Jimmy Quick]

Boustead Agreement (formerly Monarch Bay Securities)

Reading below, it appears from my calculations that the last Boustead would have held 1,000,000 shares not sure if all would have been unrestricted yet though, maybe not the last 500,000 shares until February 23rd 2018. Anyway, just wanted to share, as its possible Boustead sold or are looking to sell since Progressive ended their agreement.

On August 22, 2016, The Company entered into a Placement Agent and Advisory Agreement with Monarch Bay Securities, LLC (MBS). MBS will act on an exclusive basis with respect to finding investors for potential offerings of the Company's securities and on a non-exclusive basis as an advisor to identify and introduce prospective parties to an acquisitions, merger, joint venture or other similar transaction or relationship. Pursuant to this agreement, as disclosed in its entirety on OTCMarkets.com, MBS is entitled to a cash due diligence fee, 500,000 shares of restricted common stock of the company at execution, 500,000 shares of restricted common shares in 180 days from execution, and a success fee payable in a combination of cash and stock upon execution of a financing or merger/acquisition. Shares issued to MBS pursuant to this agreement are exempt from registration under the Securities Act of 1933 and bear a 12 month hold period.