# EDGAR Filing Document

**Accession Number:** 0002030763
**File Stem:** 0001493152-26-021718
**Filing Date:** 2026-5
**Character Count:** 33867
**Document Hash:** 4664cbf9aada4671531b9f0ab676af3c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-021718.hdr.sgml**: 20260507

**ACCESSION NUMBER**: 0001493152-26-021718

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20260501

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260507

**DATE AS OF CHANGE**: 20260507

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wellgistics Health, Inc.
- **CENTRAL INDEX KEY:** 0002030763
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 933264234
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42530
- **FILM NUMBER:** 26953440

**BUSINESS ADDRESS:**
- **STREET 1:** 3000 BAYPORT DRIVE SUITE 950
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33607
- **BUSINESS PHONE:** 1-843-302-1785

**MAIL ADDRESS:**
- **STREET 1:** 3000 BAYPORT DRIVE SUITE 950
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33607

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Danam Health, Inc
- **DATE OF NAME CHANGE:** 20240717

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): **May 1, 2026**

**WELLGISTICS HEALTH, INC.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-42530** | **93-3264234** |
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

---

**3000 Bayport Drive**

**Suite 950**

**Tampa** **, FL 33607**

(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: **(844)** **203-6092**

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.0001 par value per share | WGRX | The Nasdaq Capital Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01. Entry into a Material Definitive Agreement.**

On May 1, 2026, Wellgistics, LLC ("Wellgistics"), a wholly owned subsidiary of Wellgistics Health, Inc. (the "Company"), entered into an Acknowledgment of Indebtedness, Forbearance and Repayment Agreement (the "Forbearance Agreement") with Marco Capital, Inc. ("MCI"). The Company, together with certain members of management, also entered into the Forbearance Agreement for purposes of reaffirming certain guaranty and related obligations.

Under the Forbearance Agreement, Wellgistics acknowledged approximately $1.77 million in outstanding obligations owed to MCI under that certain Loan and Security Agreement, dated November 22, 2024, between Wellgistics and MCI. Pursuant to the Forbearance Agreement, MCI agreed to temporarily forbear from exercising certain rights and remedies arising under the existing loan documents through June 15, 2026, subject to the terms and conditions set forth therein.

The Forbearance Agreement provides for bi-weekly payments of $50,000 beginning May 5, 2026. In addition, the agreement provides that a portion of net proceeds received from future financing transactions by the Company or its affiliates during the forbearance period may be required to be applied toward repayment of the outstanding obligations, subject to specified percentage thresholds set forth in the agreement.

The outstanding obligations accrue interest at a rate equal to Term SOFR plus 11.5% per annum beginning May 5, 2026.

The Forbearance Agreement also contains customary acknowledgments, representations and warranties, reaffirmations of existing guaranties, covenants, events of default and reservation of rights provisions customary for agreements of this nature.

The foregoing description of the Forbearance Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Forbearance Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

**Item 9.01. Financial Statements and Exhibits.**

*(d) Exhibits.*

 

The following exhibits are filed as part of, or incorporated by reference into, this Report.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| **10.1** | [Acknowledgement of Indebtedness, Forbearance and Repayment Agreement dated as of May 1, 2026, by and among Marco Capital, Inc., Wellgistics, LLC, Wellgistics Health, Inc., Prashant Patel and Eric Sherb](ex10-1.htm) |
| **104\*** | Cover Page Interactive Data File (formatted as Inline XBRL) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Date: May 7, 2026 | **WELLGISTICS HEALTH, INC.** | **WELLGISTICS HEALTH, INC.** |
|  | By: | */s/ Prashant Patel* |
|  |  | Prashant Patel, President |

---

## Exhibit 10.1

**Exhibit 10.1**

**ACKNOWLEDGMENT OF INDEBTEDNESS, FORBEARANCE AND REPAYMENT AGREEMENT**

This ACKNOWLEDGMENT OF INDEBTEDNESS, FORBEARANCE AND REPAYMENT AGREEMENT (this "**Agreement**") is made as of May 1, 2026 (the "**Effective Date**"), by and among Marco Capital, Inc., a Delaware corporation ("**MCI**"), Wellgistics, LLC, a Florida limited liability company ("**Borrower**"), Wellgistics Health, Inc., a Delaware corporation ("**Parent Guarantor**"), and Prashant Patel and Eric Sherb (each, a "**Management Guarantor**" and collectively, the "**Management Guarantors**"). Borrower, Parent Guarantor and Management Guarantors are sometimes referred to herein collectively as the "**Obligors**", and MCI, Borrower, Parent Guarantor and Management Guarantors are sometimes referred to herein collectively as the "**Parties**".

**RECITALS**

WHEREAS, MCI and Borrower are parties to that certain Loan and Security Agreement dated as of November 22, 2024 (as amended, restated, supplemented or otherwise modified from time to time, the "**Loan Agreement**");

WHEREAS, Parent Guarantor executed and delivered to MCI that certain Guaranty Agreement (the "**Parent Guaranty**"), pursuant to which Parent Guarantor absolutely and unconditionally guaranteed the payment and performance of all Obligations;

WHEREAS, as of May 5, 2026, the aggregate outstanding amount of all Obligations owed by Borrower to MCI equals **USD 1,766,131.54** (the "**Outstanding Amount**");

WHEREAS, certain circumstances exist under the Loan Agreement and the other Loan Documents that entitle MCI to exercise rights and remedies thereunder and under applicable law, including acceleration of the Obligations and enforcement against the Collateral;

WHEREAS, Borrower has requested that MCI temporarily forbear from exercising such rights and remedies, and MCI is willing to do so solely on the terms and conditions set forth herein;

Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Loan Agreement, and all references in this Agreement to the Loan Agreement and the other Loan Documents shall mean the same as amended, restated, supplemented or otherwise modified from time to time, except as expressly provided herein.

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

**1.** **ACKNOWLEDGMENT OF OBLIGATIONS** 

&nbsp;&nbsp;&nbsp;&nbsp;1.1. Borrower
 hereby irrevocably and unconditionally acknowledges, confirms and agrees that (i) the Outstanding
 Amount is due and owing to MCI without dispute, deduction or offset of any kind, (ii) such
 amount constitutes valid, binding and enforceable Obligations under the Loan Agreement and
 the other Loan Documents, (iii) all Obligations are absolute and presently due (whether or
 not accelerated), and (iv) Borrower has no defenses, counterclaims, rights of setoff or other
 claims of any nature whatsoever against MCI with respect to the Obligations or otherwise.
 Borrower further ratifies and reaffirms all of its obligations, liabilities and duties under
 the Loan Agreement and the other Loan Documents, each of which shall remain in full force
 and effect.

**2.** **CONDITIONAL FORBEARANCE** 

&nbsp;&nbsp;&nbsp;&nbsp;2.1. Subject
 strictly to the terms and conditions of this Agreement, MCI hereby agrees, for a limited
 period, to forbear from exercising its rights and remedies arising in connection with the
 Obligations and the Loan Agreement. Such forbearance is expressly conditioned upon the full
 and timely performance by Borrower and the other Obligors of each and every covenant, agreement
 and obligation set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;2.2. The
 parties expressly agree that this Agreement constitutes a limited forbearance agreement only,
 and nothing contained herein shall be deemed or construed as (i) a waiver of any Event of
 Default, (ii) a waiver of any rights or remedies of MCI, (iii) a reinstatement of the credit
 facility, or (iv) a modification of the Loan Agreement or any other Loan Document, except
 as expressly set forth herein. Upon the occurrence of any default under this Agreement, MCI's
 agreement to forbear shall automatically and immediately terminate without notice.

&nbsp;&nbsp;&nbsp;&nbsp;2.3 The
 period during which MCI agrees to forbear pursuant to this Agreement (the "Forbearance
 Period") shall commence on the Effective Date and shall continue until June 15th, 2026,
 unless earlier terminated in accordance with the terms of this Agreement.

**3.** **REPAYMENT OF OBLIGATIONS** 

&nbsp;&nbsp;&nbsp;&nbsp;3.1. In
 consideration of MCI's agreement to forbear, Borrower hereby agrees to repay the Outstanding
 Amount in accordance with the following terms.

&nbsp;&nbsp;&nbsp;&nbsp;3.2. Borrower
 shall make payments to MCI in the amount of Fifty Thousand Dollars (USD 50,000), with the
 first such payment due and payable on May 5, 2026, and subsequent payments due every fourteen
 (14) days thereafter. All payments shall be made in immediately available funds, without
 deduction, setoff or counterclaim, to such account as MCI may designate from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;3.3. Borrower
 acknowledges and agrees that all collections and proceeds of Collateral received in any deposit
 account subject to MCI's control shall be automatically applied by MCI to the Obligations,
 in such order and manner as MCI may determine in its sole discretion, and shall reduce the
 Outstanding Amount.

&nbsp;&nbsp;&nbsp;&nbsp;3.4. Notwithstanding
 the foregoing, the entire unpaid balance of the Obligations, after giving effect to all payments
 made pursuant to Section 3.2 and all applications of collections pursuant to Section 3.3,
 shall become due and payable in full upon the earlier to occur of (i) June 15, 2026, or (ii)
 the date that is five (5) Business Days following the receipt by Borrower or any of its affiliates
 of net proceeds actually received by Borrower from any equity financing, debt financing,
 capital raise or similar transaction, regardless of the form or structure of such transaction;
 provided, however, that Borrower shall only be required to apply to the Obligations an amount
 equal to (A) ten percent (10%) of the portion of such net proceeds up to $2,500,000, (B)
 twenty percent (20%) of the portion of such net proceeds in excess of $2,500,000 and up to
 $5,000,000, and (C) thirty percent (30%) of the portion of such net proceeds in excess of
 $5,000,000. Borrower shall provide prompt written notice to MCI upon receipt of any such
 proceeds.

**4.** **INTEREST** 

&nbsp;&nbsp;&nbsp;&nbsp;4.1. Commencing
 on May 5, 2026, the outstanding Obligations shall accrue interest at an annual rate equal
 to Term SOFR (as defined in the Loan Agreement) plus 11.5%, calculated and prorated daily
 on the Daily Balance. Such interest shall be payable on demand or, if not sooner paid, upon
 repayment in full of the Obligations.

**5.** **COLLATERAL AND CASH MANAGEMENT** 

&nbsp;&nbsp;&nbsp;&nbsp;5.1. Borrower
 acknowledges and agrees that MCI holds a valid, perfected and first-priority security interest
 in and to all Collateral, and that such security interest remains in full force and effect.
 Borrower further acknowledges that all proceeds of Collateral are subject to MCI's
 control pursuant to one or more control agreements, including any Deposit Account Control
 Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;5.2. Borrower
 covenants and agrees that all collections and proceeds of Collateral shall continue to be
 deposited directly into accounts subject to MCI's control, and that Borrower shall
 not open, maintain or use any deposit account, nor direct any Account Debtor to remit payment
 to any account, except as expressly permitted by MCI in writing. Borrower shall not take
 any action that would impair MCI's control over such accounts or the proceeds therein.

**6.** **CURRENT REPRESENTATIONS AND WARRANTIES** 

&nbsp;&nbsp;&nbsp;&nbsp;6.1. Each
 Obligor hereby represents and warrants to MCI, as of the Effective Date that: (i) such Obligor
 is duly organized or formed, validly existing and in good standing under the laws of its
 jurisdiction of organization or formation, as applicable, and has all requisite power and
 authority to execute, deliver and perform this Agreement; (ii) the execution, delivery and
 performance of this Agreement have been duly authorized by all necessary action on the part
 of such Obligor, and this Agreement constitutes the legal, valid and binding obligation of
 such Obligor, enforceable against such Obligor in accordance with its terms, subject only
 to applicable bankruptcy, insolvency, reorganization and other similar laws affecting creditors'
 rights generally and to general principles of equity; (iii) no Insolvency Proceeding has
 been commenced by or, to such Obligor's knowledge, against such Obligor, and such Obligor
 has not taken any corporate, limited liability company or other organizational action in
 contemplation of any Insolvency Proceeding; (iv) except as previously disclosed to MCI in
 writing, no action, suit, arbitration, investigation or other proceeding is pending or, to
 such Obligor's knowledge, threatened against such Obligor or any of its assets that
 could reasonably be expected to result in a Material Adverse Change; (v) all financial, operational
 and other information delivered by or on behalf of any Obligor to MCI in connection with
 the Loan Agreement, this Agreement, the Obligations, the Collateral or any request for forbearance
 or accommodation from MCI is true, correct and complete in all material respects and does
 not omit to state any material fact necessary to make such information, in light of the circumstances
 in which it was furnished, not materially misleading; and (vi) except as expressly disclosed
 in this Agreement or in writing to MCI prior to the Effective Date, there exists no fact,
 event, condition or circumstance affecting any Obligor, the Obligations, the Collateral or
 the enforceability of any Loan Document that has not been disclosed to MCI and that could
 reasonably be expected to result in a Material Adverse Change.

&nbsp;&nbsp;&nbsp;&nbsp;6.2. Each
 Obligor acknowledges and agrees that MCI is entering into this Agreement, and is agreeing
 to the limited forbearance provided herein, in express reliance upon the representations
 and warranties set forth in this Section. The representations and warranties contained in
 this Section shall survive the execution and delivery of this Agreement and any investigation
 by MCI or any of its representatives.

**7.** **AFFIRMATIVE AND NEGATIVE COVENANTS** 

&nbsp;&nbsp;&nbsp;&nbsp;7.1. Until
 the Obligations have been indefeasibly paid in full, Borrower agrees that it shall not create,
 incur, assume or permit to exist any lien on any Collateral without MCI's prior written
 consent, and shall not permit any financing statement or other filing to be made against
 the Collateral other than in favor of MCI or as otherwise expressly permitted under the Loan
 Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;7.2. Borrower
 further agrees that it shall not effect any change in its management, ownership or control
 without prior written notice to MCI, and shall promptly provide such financial statements,
 reports and other information as MCI may reasonably request. Borrower shall comply in all
 respects with the Loan Agreement and all related control account arrangements.

**8.** **REAFFIRMATION OF GUARANTIES** 

&nbsp;&nbsp;&nbsp;&nbsp;8.1. Parent
 Guarantor hereby absolutely and unconditionally reaffirms, ratifies and confirms all of its
 obligations under the Parent Guaranty and agrees that such Parent Guaranty remains in full
 force and effect and is not impaired, reduced or discharged in any respect by this Agreement
 or any of the transactions contemplated hereby. Without limiting the foregoing, Parent Guarantor
 acknowledges and agrees that the Parent Guaranty secures and applies to all Obligations,
 including, without limitation, the Obligations as acknowledged, reaffirmed or otherwise referenced
 in this Agreement. Parent Guarantor further consents to this Agreement and agrees that its
 obligations under the Parent Guaranty are continuing, absolute and unconditional, and shall
 not be affected, impaired or released by any forbearance, accommodation, amendment, waiver
 or other action or inaction by MCI in connection with the Obligations, this Agreement or
 any of the other Loan Documents, and Parent Guarantor hereby waives any defense based on
 any such forbearance, accommodation, amendment or other action or inaction.

**9.** **WAIVER OF DEFENSES BY PARENT GUARANTOR AND MANAGEMENT GUARANTORS** 

&nbsp;&nbsp;&nbsp;&nbsp;9.1. Parent
 Guarantor and each Management Guarantor hereby absolutely, unconditionally and irrevocably
 waive any and all defenses, claims, counterclaims, offsets and rights of discharge of any
 nature whatsoever that Parent Guarantor or such Management Guarantor may now or hereafter
 have in connection with the enforcement of its obligations under this Agreement, the Parent
 Guaranty or any of the other Loan Documents, including, without limitation, any defense arising
 by reason of: (i) any modification, amendment, supplement, extension, renewal, compromise,
 settlement, restructuring or restatement of the Loan Agreement, this Agreement, the Parent
 Guaranty or any other Loan Document; (ii) any failure by MCI to give notice of any default
 or Event of Default, presentment, demand, protest or notice of protest, notice of dishonor,
 notice of acceptance, notice of intent to accelerate, notice of acceleration, or any other
 notice or formal demand of any kind; (iii) any failure by MCI to proceed first against Borrower,
 any other Obligor, any guarantor or any Collateral before proceeding against Parent Guarantor
 or either Management Guarantor; (iv) any impairment, loss, release, substitution, exchange,
 surrender, compromise or failure to perfect or continue the perfection of any Collateral
 or any guaranty or other credit support; (v) any application, misapplication or reapplication
 of payments, proceeds or recoveries by MCI in any manner; (vi) any invalidity, irregularity
 or unenforceability, in whole or in part, of any Loan Document; or (vii) any other circumstance
 that might otherwise constitute a legal or equitable defense available to a guarantor, surety
 or accommodation party.

&nbsp;&nbsp;&nbsp;&nbsp;9.2. Parent
 Guarantor and each Management Guarantor further acknowledge and agree that their respective
 obligations under this Agreement are independent, continuing, absolute and unconditional,
 and shall not be affected, impaired or released by any act or omission of MCI, whether or
 not such act or omission might otherwise operate as a legal or equitable discharge of a guarantor
 or surety. Parent Guarantor and each Management Guarantor expressly agree that MCI may enforce
 its rights against any one or more of them without first seeking to enforce any rights against
 Borrower, any other Obligor or any Collateral, and without first exhausting any other remedy
 available to MCI.

**10.** **MANAGEMENT REPRESENTATIONS AND LIMITED GUARANTY** 

&nbsp;&nbsp;&nbsp;&nbsp;10.1. Each
 Management Guarantor hereby represents and warrants, to such Management Guarantor's
 actual knowledge, as of the Effective Date and after reasonable inquiry, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) no
 information delivered by or on behalf of Borrower to MCI prior to or as of the Effective
 Date in connection with the Loan Agreement, this Agreement or the Obligations contains any
 material misstatement of fact or omits to state any material fact necessary to make such
 information not materially misleading; and

b) such
 Management Guarantor has no knowledge of any fraud, misrepresentation or material omission
 in connection with the Loan Documents or the Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;10.2. Each
 Management Guarantor acknowledges and agrees that MCI is entering into this Agreement in
 express reliance on the foregoing representations.

10.3. Each
 Management Guarantor further agrees that, in the event of any breach of the foregoing representations,
 such Management Guarantor shall be liable to MCI for all losses, damages, costs and expenses
 (including attorneys' fees) incurred by MCI as a result thereof. The obligations of
 each Management Guarantor under this Section are independent and may be enforced directly
 by MCI.

10.4 Notwithstanding
 anything to the contrary contained in this Agreement, the Loan Agreement, the Parent Guaranty
 or any other Loan Document, no Management Guarantor shall have any personal liability for
 the payment or performance of the Obligations, and MCI hereby agrees that it shall not seek
 to enforce the Obligations against any Management Guarantor in such Person's individual
 capacity; provided, however, that nothing herein shall limit or restrict the liability of
 any Management Guarantor arising under this Section 10 with respect to breaches of the representations
 and warranties expressly set forth herein.

**11.** **EVENTS OF DEFAULT; REMEDIES** 

&nbsp;&nbsp;&nbsp;&nbsp;11.1. The
 occurrence of (i) any failure by Borrower or any other Obligor to comply with any provision
 of this Agreement, or (ii) any Event of Default under the Loan Agreement or any other Loan
 Document, shall constitute an immediate Event of Default hereunder. Upon the occurrence of
 any such Event of Default, all Obligations shall, at MCI's option, become immediately
 due and payable, and MCI may exercise any and all rights and remedies available under the
 Loan Agreement, the other Loan Documents and applicable law, without further notice or demand.

&nbsp;&nbsp;&nbsp;&nbsp;11.2. Notwithstanding
 the foregoing, with respect to a monetary default arising solely from Borrower's failure
 to make a scheduled payment pursuant to Section 3.2, MCI shall provide Borrower with two
 (2) Business Days' written notice of such failure prior to exercising remedies solely
 on account of such monetary default. Notice delivered by email to Borrower shall constitute
 valid and sufficient written notice for purposes of this Section. For the avoidance of doubt,
 this limited cure period shall not apply to any other Event of Default under this Agreement
 or the Loan Agreement.

**12.** **INDEMNIFICATION AND EXPENSES** 

&nbsp;&nbsp;&nbsp;&nbsp;12.1. Borrower
 hereby agrees to pay, reimburse, indemnify, defend and hold harmless MCI and its affiliates,
 and each of their respective officers, directors, managers, employees, attorneys, advisors,
 agents, representatives, successors and assigns (collectively, the "Indemnified Parties"),
 from and against any and all losses, claims, damages, liabilities, penalties, judgments,
 costs and expenses, including, without limitation, reasonable and documented attorneys'
 fees and disbursements, incurred by any Indemnified Party in connection with or arising out
 of: (i) the negotiation, preparation, execution, delivery, administration, enforcement or
 performance of this Agreement; (ii) any workout, restructuring, collection effort, enforcement
 action, litigation, dispute, motion, appeal, bankruptcy matter or other proceeding arising
 out of or relating to the Obligations, the Collateral, this Agreement, the Loan Agreement
 or any of the other Loan Documents; or (iii) any failure by Borrower or any other Obligor
 to comply with any provision of this Agreement or any of the other Loan Documents.

&nbsp;&nbsp;&nbsp;&nbsp;12.2. All
 amounts payable under this Section shall be payable by Borrower to MCI on demand, shall constitute
 Obligations for all purposes under the Loan Agreement and this Agreement, shall be secured
 by the Collateral to the fullest extent provided in the Loan Documents, and shall accrue
 interest in accordance with the terms of the Loan Agreement from the date incurred or paid
 by MCI until reimbursed in full by Borrower. The obligations of Borrower under this Section
 shall survive the termination of this Agreement and the repayment of the Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;12.3. Upon
 the indefeasible payment in full of all Obligations, MCI shall promptly (and in any event
 within five (5) Business Days) execute and deliver such documents and take such actions as
 are reasonably necessary to release its liens and security interests in the Collateral and
 terminate any related control agreements and financing statements, in each case to the extent
 within MCI's control.

**13.** **RESERVATION OF RIGHTS** 

&nbsp;&nbsp;&nbsp;&nbsp;13.1. MCI
 hereby expressly reserves all of its rights and remedies under the Loan Agreement, the other
 Loan Documents and applicable law. No delay or failure by MCI to exercise any right or remedy
 shall constitute a waiver thereof, and no waiver shall be effective unless set forth in a
 writing executed by MCI.

**14.** **MISCELLANEOUS** 

&nbsp;&nbsp;&nbsp;&nbsp;14.1. This
 Agreement shall be governed by and construed in accordance with the laws of the State of
 New York, without giving effect to any conflicts of law principles that would require the
 application of the laws of any other jurisdiction.

14.2. Each
 Obligor hereby irrevocably and unconditionally agrees that any legal action, suit or proceeding
 arising out of or relating to this Agreement, the Loan Agreement, any other Loan Document
 or the transactions contemplated hereby or thereby may be brought in the federal courts of
 the United States of America located in Miami-Dade County, Florida, and, to the extent such
 courts do not have jurisdiction, in the state courts of the State of Florida located in Miami-Dade
 County, and each Obligor hereby irrevocably submits to the jurisdiction of such courts and
 agrees that it will not assert, by way of motion or otherwise, any claim that it is not subject
 to the jurisdiction of such courts, that the venue of any such proceeding is improper or
 that any such proceeding is brought in an inconvenient forum. Notwithstanding the foregoing,
 nothing herein shall limit the right of MCI to bring any action or proceeding against any
 Obligor or its property in any other jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;14.3. EACH
 OBLIGOR HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A
 TRIAL BY JURY IN RESPECT OF ANY LITIGATION ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
 AGREEMENT, THE LOAN AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY
 OR THEREBY, AND AGREES THAT ANY SUCH LITIGATION SHALL BE TRIED BEFORE A COURT AND NOT BEFORE
 A JURY.

14.4. This
 Agreement constitutes the entire agreement among the parties with respect to the subject
 matter hereof and supersedes all prior agreements, understandings, negotiations and discussions,
 whether oral or written, relating thereto; provided, however, that nothing contained herein
 shall be deemed to amend, modify, waive or otherwise affect any provision of the Loan Agreement
 or any other Loan Document, except as expressly set forth herein, and each of the Loan Documents
 is hereby ratified and confirmed in all respects.

14.5. This
 Agreement may not be amended, modified or supplemented except by a written instrument executed
 by MCI. No waiver by MCI of any provision of this Agreement or any other Loan Document, or
 of any Event of Default, shall be effective unless in writing and signed by MCI, and no such
 waiver shall be deemed to be a waiver of any other or subsequent breach or default. No failure
 or delay by MCI in exercising any right, power or remedy shall operate as a waiver thereof,
 nor shall any single or partial exercise thereof preclude any other or further exercise thereof
 or the exercise of any other right, power or remedy.

14.6. This
 Agreement shall be binding upon and inure to the benefit of the parties hereto and their
 respective successors and assigns; provided, however, that Borrower and the other Obligors
 may not assign or transfer any of their rights or obligations hereunder without the prior
 written consent of MCI, and any attempted assignment in violation of the foregoing shall
 be null and void. MCI may assign, transfer or participate its rights and obligations under
 this Agreement in accordance with the Loan Agreement without the consent of any Obligor.

14.7. If
 any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect
 under any applicable law, such invalidity, illegality or unenforceability shall not affect
 any other provision of this Agreement, and this Agreement shall be construed as if such invalid,
 illegal or unenforceable provision had never been contained herein, to the fullest extent
 permitted by law.

14.8. This
 Agreement may be executed in any number of counterparts, each of which shall be deemed an
 original and all of which taken together shall constitute one and the same instrument. Delivery
 of an executed counterpart of a signature page of this Agreement by electronic transmission
 in portable document format (PDF), by electronic mail or by any other electronic means shall
 be effective as delivery of a manually executed counterpart hereof.

14.9. The
 obligations of the Obligors under this Agreement shall be joint and several, and each Obligor
 acknowledges and agrees that MCI may proceed against any one or more Obligors without being
 required to proceed against any other Obligor or to exhaust any remedy against Borrower,
 any guarantor or any Collateral.

14.10. Time
 is of the essence with respect to all obligations of Borrower and the other Obligors under
 this Agreement.

*[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGE FOLLOWS]*

 

**IN WITNESS WHEREOF**, the parties hereto have executed this ACKNOWLEDGMENT OF INDEBTEDNESS, FORBEARANCE AND REPAYMENT AGREEMENT as of the Effective Date first written above.

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| | | | |
|:---|:---|:---|:---|
| **BORROWER:** | **BORROWER:** | **<u>PARENT GUARANTOR:</u>** | **<u>PARENT GUARANTOR:</u>** |
| WELLGISTICS, LLC, | WELLGISTICS, LLC, | WELLGISTICS HEALTH, INC. | WELLGISTICS HEALTH, INC. |
| a Florida limited liability company | a Florida limited liability company | (formerly DANAM HEALTH, INC.), a | (formerly DANAM HEALTH, INC.), a |
|  |  | Delaware corporation. | Delaware corporation. |
| By: | WELLGISTICS HEALTH, INC. |  |  |
|  | a Delaware corporation. | By: | /s/ Prashant Patel |
| Its: | Sole Member | Name: | Prashant Patel |
|  |  | Title: | CEO |
| By: | /s/ Prashant Patel |  |  |
| Name: | Prashant Patel | **MANAGEMENT GUARANTOR:** | **MANAGEMENT GUARANTOR:** |
| Title: | CEO |  |  |
|  |  | By: | /s/ Prashant Patel |
| **<u>MCI</u>**: |  | Name: | Prashant Patel |
|  |  | Title: | CEO |
| MARCO CAPITAL, INC., | MARCO CAPITAL, INC., |  |  |
| a Delaware corporation | a Delaware corporation | **MANAGEMENT GUARANTOR:** | **MANAGEMENT GUARANTOR:** |
| By: | /s/ Peter D. Spradling | By: | /s/ Eric Sherb |
| Name: | Peter D. Spradling | Name: | Eric Sherb |
| Title: | CEO | Title: | CFO |

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