Allonge to Incremental Note (Pareteum Corporation, High Trail Investments SA LLC, Circles MVNE Pte. Ltd.)

Contract Categories: Business Finance Note Agreements
Summary

This document is an allonge to a $17.5 million Incremental Note originally issued by Pareteum Corporation to High Trail Investments SA LLC. It transfers the rights under the note to Circles MVNE Pte. Ltd. without any representation, warranty, or recourse, except as specified in a related Note Sale Contract dated April 25, 2022. The transfer is acknowledged by Pareteum Corporation, and the agreement is effective as of April 25, 2022.

EX-10.2 3 tm2213915d1_ex10-2.htm EXHIBIT 10.2

Exhibit 10.2

 

EXHIBIT B-1

 

ALLONGE

 

This Allonge is made to that Incremental Note, certificate A-1, (the “Note”), in the original principal sum of seventeen million five hundred thousand dollars ($17,500,000) issued by Pareteum Corporation, a Delaware corporation, in favor of High Trail Investments SA LLC, a Delaware limited liability company, under that certain Senior Secured Convertible Note due 2025, dated June 8, 2020, which has previously been amended by that certain Amendment to Senior Secured Convertible Note Due 2025, dated as of July 18, 2020, that certain Forbearance Agreement dated as of November 30, 2020, that certain Forbearance Agreement dated as of May 20, 2021, and that certain Amendment No. 4 to Senior Secured Convertible Note Due 2025 dated as of June 18, 2021, each between Pareteum Corporation and High Trail Investments SA LLC.

 

Pay to the order of Circles MVNE Pte. Ltd., WITHOUT REPRESENTATION, WARRANTY OR RECOURSE WHATSOEVER, except as expressly set forth in the Note Sale Contract dated as of April 25, 2022, made and entered into by and between the undersigned, as seller, and Circles MVNE Pte. Ltd., as purchaser and acknowledged and agreed to by Pareteum Corporation, as issuer.

 

Dated as of April 25, 2022

 

  HIGH TRAIL INVESTMENTS SA LLC
     
     
  By: /s/ Eric Helenek
  Name: Eric Helenek
  Title: Authorized Signatory