Progressive Care Inc (RXMD)

[Jimmy Quick]

Totally Agree. No one disagrees, all shareholders have said we need to get away from using them and any company like them. It's funny though, because when I go to look at whether we have done any deals with them recently, I have to go all the way back to March 6, 2019. And when the company had the opportunity to reduce the debt, they did so.

Entry Into Material Definitive Agreement: Iliad Research and Trading
Entry into a Material Definitive Agreement | 03/12/2019
March 12, 2019


This release includes additional documents. Select the link(s) below to view.
Material Agreement Progressive Care - Iliad Research and Trading.pdf
01_Securities_Purchase_Agreement_-_RXMD3_(3.6.19).docx.pdf
Exhibit_A_-_Note_-_RMXD3_(3.6.19).docx.pdf
Exhibit_D_-_Investor_Note_-_RXMD_(3.6.19).docx.pdf
Exhibit_E_-_Security_Agreement_-_RXMD3_(3.6.19).docx.pdf

The Company, released from escrow $1,000,000 on June 1, 2019, leaving a remainder of $900,000 to be released from escrow prior to November 15, 2019. The remaining $400,000 held in escrow is to be returned to Iliad Research and Trading, reducing the balance on the note without pre-payment penalty.