a. Pre-Merger Promissory Note . Concurrently with the execution and delivery of this LOI, Clinigence and iGambit are entering into a Promissory Note, in the form attached hereto as Exhibit A (the “ Promissory Note ”), pursuant to which Clinigence shall loan to iGambit $393,092.28 solely to pay off the iGambit convertible notes set forth in Schedule A attached to the Promissory Note and any remainder thereof to be utilized as working capital to maintain iGambit’s operations and public company compliance until the consummation of the Merger (defined below).
Igambit must have the healthdatix working. No other reason another company, especially a healthcare company wants igambit as a debt free shell. They are making igambit debt free, coming while merging with another company at the same time, merging both into igambit, and going public. They're are getting the band and bringing in their company as a profitable company already, all the while merging with Qualmetrix. Hence tri-merger.
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