Additional Agreement Regarding Assignment of Promissory Note by Net Element International, Inc. to T1T Lab, LLC
This agreement, effective September 25, 2013, involves K1 Holding Limited, Net Element International, Inc., and T1T Lab, LLC. It confirms that after the assignment of a promissory note from Net Element International, Inc. to T1T Lab, LLC, T1T Lab, LLC assumes all liability under the note, and Net Element International, Inc. is released from any further liability. The agreement is signed by K1 Holding Limited to formalize this change in responsibility.
Exhibit 10.2
Additional Agreement
In connection with the assignment of that certain Promissory Note, effective May 13, 2013, by Net Element International, Inc., a Delaware corporation, to T1T Lab, LLC, a Florida limited liability company, K1 Holding Limited, a company organized under the laws of the British Virgin Islands, hereby agrees that (i) T1T Lab, LLC will be liable under such promissory note and (ii) Net Element International, Inc. will no longer be liable under such promissory note.
IN WITNESS WHEREOF, the undersigned has executed this Additional Agreement effective as of the 25th day of September, 2013.
| K1 HOLDING LIMITED | |
| By: | /s/ Andreas Moustras |
| Name: | Andreas Moustras |
| Title: | Director |
