Reliance Global Group amends Fortman purchase agreement; agrees to $846K remaining balance with monthly payments

Reliance Global Group, Inc.

Total remaining balance of $846,214 owed to Jonathan and Zachary Fortman under purchase agreement.
Company to pay $11,000 per month to each holder, plus 10% annual interest from Jan 2, 2024.
Interest accrual effective Jan 2, 2024, with monthly installments starting Jan 2, 2024.
Company may make additional partial or full payments at any time.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Reliance Global Group, Inc. amended Third Amendment with Jonathan Fortman and Zachary Fortman valued at total remaining balance of $423,107 owed to both Jonathan Fortman and Zachary Fortman each under the (effective 2024-01-11).

Action: amendment
Counterparty: Jonathan Fortman and Zachary Fortman
Value: total remaining balance of $423,107 owed to both Jonathan Fortman and Zachary Fortman each under the
Effective: 2024-01-11

Exact text from the filing

On January 11, 2024, the Parties entered into that certain third amendment to the Purchase Agreement (the “Third Amendment”), pursuant to which the Parties agreed to a total remaining balance of $423,107 owed to both Jonathan Fortman and Zachary Fortman each under the Purchase Agreement, for a combined total amount owed of $846,214 (the “Remaining Balances”).

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Source: SEC EDGAR

accession 0001493152-24-002045

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