Other Information
+Added: The Company’s daily operations of are managed by
+Added: personnel employed by PAVmed Inc., for which Lucid Diagnostics Inc.
+Added: incurs a service fee, referred to as the “MSA Fee”, according
+Added: to the provisions of a Management Services Agreement (“MSA”) with PAVmed Inc.
+Added: The MSA does not have a termination date, but
+Added: may be terminated by the Lucid Diagnostics Inc.
+Added: board of directors.
+Added: MSA Fee is charged on a monthly basis and is subject-to periodic adjustment corresponding with changes in the services provided by
+Added: personnel to the Company, with any such change in the MSA Fee being subject to approval of the Lucid Diagnostics Inc.
+Added: and PAVmed Inc.
+Added: boards of directors.
+Added: In this regard, subsequent to June 30, 2022, in August 2022, the boards of directors of Lucid
+Added: Diagnostics Inc.
+Added: and PAVmed Inc.
+Added: approved a sixth amendment to the MSA to increase the MSA Fee to $550 per month from $390 per
+Added: month, with such increase effective on a
+Added: prospective basis commencing July 1, 2022.
+Added: Pursuant to the sixth amendment, the parties agreed PAVmed Inc.
+Added: may elect to receive
+Added: payment of the monthly MSA Fee in cash or in shares of our common stock, with such shares valued at the volume weighted average
+Added: price (“VWAP”) during the final ten trading days of the applicable month (subject to a floor price of
+Added: $0.70 per share).
+Added: However, in no event will PAVmed Inc.
+Added: be entitled to receive under the MSA, as amended, more than 7,709,836 shares
+Added: of our common stock (representing 19.99% of our outstanding shares of common stock as of immediately prior to the execution of the
+Added: sixth amendment).
+Added: The shares that may be issued under the MSA, as amended, are being offered and sold in transactions exempt from
+Added: registration under the Securities Act of 1933, as amended, in reliance on the exemption afforded under Section 4(a)(2) thereof.
exhibits filed as part of this Quarterly Report on Form 10-Q are set forth in the “ Exhibit Index ” below.
1 unchanged sentence
on its behalf by the undersigned, thereunto duly authorized.
−Removed: Diagnostics Inc.
+Added: Lucid Diagnostics Inc.
+Added: August 15, 2022
Dennis M McGrath
Chief Financial Officer
−Removed: Financial and Accounting Officer)
−Removed: EXHIBIT INDEX
+Added: (Principal Financial and Accounting Officer)
Incorporation
−Removed: Purchase Agreement, dated as of February 25, 2022, by and among LucidDx Labs Inc., Lucid Diagnostics Inc.
−Removed: and ResearchDx, Inc.
−Removed: Common Stock Purchase Agreement, dated as of March 28, 2022, by and between CF Principal Investments LLC and Lucid Diagnostics Inc.
−Removed: Registration Rights Agreement, dated as of March 28, 2022, by and between CF Principal Investments LLC and Lucid Diagnostics Inc.
−Removed: Management Services Agreement, dated as of February 25, 2022, by and among LucidDx Labs Inc.
+Added: Asset Purchase Agreement, dated as of February 25, 2022, by and among LucidDx Labs Inc., Lucid Diagnostics Inc.
and ResearchDx, Inc.
−Removed: Employment Agreement, dated as of February 22, 2022, by and between Lishan Aklog, M.D.
−Removed: and Lucid Diagnostics Inc.
−Removed: Employment Agreement, dated as of February 22, 2022, by and between Dennis McGrath and Lucid Diagnostics Inc.
−Removed: Employment Agreement, dated as of February 22, 2022, by and between Shaun O’Neil and Lucid Diagnostics Inc.
−Removed: (incorporated by reference to Exhibit to the Current Report on Form filed by Lucid Diagnostics on).
+Added: Amended and Restated 2018 Long-Term Incentive Equity Plan.
+Added: Employee Stock Purchase Plan.
Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
4 unchanged sentences
Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: XBRL Instance Document
−Removed: XBRL Taxonomy Extension Schema
−Removed: XBRL Taxonomy Extension Calculation Linkbase
−Removed: XBRL Taxonomy Extension Label Linkbase
−Removed: XBRL Taxonomy Extension Presentation Linkbase
−Removed: Page Interactive Data File (embedded within the Inline XBRL document)
+Added: Inline XBRL Instance Document
+Added: Inline XBRL Taxonomy Extension Schema
+Added: Inline XBRL Taxonomy Extension Calculation Linkbase
+Added: Inline XBRL Taxonomy Extension Label Linkbase
+Added: Inline XBRL Taxonomy Extension Presentation Linkbase
+Added: Cover Page Interactive Data File (embedded within the
+Added: Inline XBRL document)
Filed herewith.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.