Allonge to Senior Secured Incremental Note—Pareteum Corporation, Channel Ventures Group, LLC, and Circles MVNE Pte. Ltd.
This document is an allonge to a promissory note originally issued by Pareteum Corporation to Channel Ventures Group, LLC. It transfers the rights under the note, with a principal amount of $491,939.13, from Channel Ventures Group, LLC to Circles MVNE Pte. Ltd. The transfer is made without any representation, warranty, or recourse, except as specified in a separate Note Sale Contract dated April 25, 2022. The agreement is acknowledged by all parties involved.
Exhibit 10.8
EXHIBIT B-7
ALLONGE
This Allonge is made to that Senior Secured Incremental Note, certificate B-6, dated November 26, 2021 (the “Note”), in the original principal sum of four hundred ninety-one thousand nine hundred and thirty-nine dollars and thirteen cents ($491,939.13) issued by Pareteum Corporation, a Delaware corporation to Channel Ventures Group, LLC, a Delaware limited liability company, pursuant to that certain Joinder Agreement dated November 26, 2021 and subject to the terms of that Securities Purchase Agreement dated as of June 8, 2020, as amended from time to time.
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.
| CHANNEL VENTURES GROUP, LLC | ||
| By: | /s/ Markwin Maring | |
| Name: Markwin Maring | ||
| Title: Statutory Director | ||
