Common Contracts
1 similar Material Definitive Agreement contracts
Item1.01 Entry into a Material Definitive Agreement.Material Definitive Agreement • August 10th, 2017
On August 9, 2017, Progressive Care Executed a Global Amendment to its Securities Purchase Agreement with Chicago Venture Partners, which was originally executed on July 22, 2016. This Amendment in exchange for a pre-payment of accrued interest to date in the amount of $36,114.12 ($30,735.42 plus a prepayment premium $5379.70), Chicago Ventures has agreed to a 3 month extension for the first installment payment on the Note issued July 22, 2016. The first installment is now due October 22, 2017 in the amount of $220,500. The remaining balance on the note (approximately $60,000) will be due November 22, 2017. Prior to the first installment due date, the Company has agreed to change its transfer agent to one approved by Chicago Ventures.
