Common Contracts
1 similar Material Definitive Agreement contracts
Item1.01 Entry into a Material Definitive Agreement.Material Definitive Agreement • August 5th, 2017 • California
On August 2, 2017, Progressive Care, Inc. (the “Company”) entered into a Consulting Agreement (the “Consulting Agreement”) with First Look Equities, LLC. (“FIRST LOOK”) pursuant to which FIRST LOOK will furnish to the Company business advisory and consulting services for the purpose of creating market awareness of the Company. The term of the Consulting Agreement is for a six (6) month period commencing on August 2, 2017 and ending on February 1, 2018. As compensation for services rendered pursuant to the Consulting Agreement, FIRST LOOK shall receive compensation payable under the following terms: (a) $32,500 USD in restricted common shares of Progressive Care, Inc. (RXMD) valued at $0.02 USD per share (1,625,000 shares) pursuant to Rule 144, (b) $30,000 in cash paid monthly in $5,000 USD installments for the length of the term, (c) $2,500 initial set-up fee, and (d) a variable marketing budget to cover the costs advertising on electronic platforms. FIRST LOOK has agreed to a leak-out
