Exhibit 10.2


 





Board Short Term Funding


 


Proposed investment up to $100,000


 


Each board member (the “Board Investors”) can invest
(the “Board Investment”) for a minimum of $10,000.


 


Inventergy Global, Inc. (“the Company”) will pay
a multiple of 4X of the original Board Investment to the Board Investors as it receives monetization revenues from INVT SPE LLC
(the “SPE”).


 


The original Board Investment will be returned to the Board
Investors when $1,000,000 is raised in the SPE Funding Investment (defined below).


 


- Note that if the original Board Investment is returned,
the opportunity for the 4X SPE Monetization Revenue for the Board Investment is still available.


 


All Board of Director fees accrued in the Company’s accounts
payable will be paid to the Board Investors once a minimum of $2,000,000 of SPE Funding Investment is raised.


 


“SPE Funding Investment” is the total financing
raised by Inventergy Global, Inc. related to or secured by its future revenue from the SPE including the Board Investment. The
total maximum SPE Funding Investment is limited to a maximum of $5,000,000 total investment.


 


“Net Company X Commercial Litigation” is a potential
litigation that may be brought against Company X for a commercial litigation. The net proceeds are the gross income received less
all direct and third party expenses and after deducting any contingency amounts.


 


Repayment of the Board Investment is to be made in accordance
with the following examples:


 


If a $100,000 Board Investment is made and a total of $5,000,000
SPE Funding Investment, then $400,000 will be paid to the Board Investors until:


 


a) $100,000/$5,000,000*100% = 2% of the SPE Monetization Revenue.


AND


b) $100,000/$5,000,000*50% = 1% of the Net Company X Commercial
Litigation.


 


 






     


     


    

 


Exhibit 10.2


 


 


Second example:


 


a) If only $1,000,000 total SPE Funding Investment then the
Board Investment is to be paid at $100,000/$1,000,000 *100%= 10% of the SPE Monetization Revenue.


AND


b) $100,000/$1,000,000*50% = 5% of the Net Company X Commercial
Litigation.


 


“Most Favored Nation”:


 


The Company’s current intention is to repay SPE Funding
Investment at 4X for the first $1,000,000 (including the Board Investment) cash received, 3.5X for the 2nd $1,000,000
cash received and 3X for any remaining SPE Funding Investment. Board Investors will receive a Most Favored Nation clause for any
improved terms provided to new investors in future cash SPE Funding Investments.


 


Board Redemption:


 


If a Board Investor is terminated or is not renewed by the board
then the Board Investor will receive:


 


a) The acceleration (return) of the original Board Investment


 


- No change is impacted to the right to receive the
SPE Monetization Revenue


 


b) The original amount invested in the Company’s Series
D Preferred Stock will be redeemed to the terminated or non-renewed Board Investor. The 35% premium of the original amount invested
in the Series D will remain. Also, no changes will be made to the related Series D warrants.


 


This agreement is binding if all Board Investors agree to invest.


 


Signature pages follow. This agreement may be executed in multiple
parts.


 






     


     


    

 


Exhibit 10.2


 


 


Signed:


 


	/s/ Joseph
    W. Beyers	August 10,
    2017
	Joseph W. Beyers	 
	Chairman & CEO	 
	Inventergy Global, Inc.	 
	 	 
	 	 
	 	 
	 	INVESTMENT AMOUNTS
	 	 
	 	 
	/s/ Marshall Phelps,
    Jr.  	$25,000
	Marshall Phelps, Jr.	 
	 	 
	 	 
	 	 
	/s/ Fran Barton  	$25,000
	Fran Barton	 
	 	 
	 	 
	 	 
	/s/ William Frank
    King  	$10,000
	William Frank King	 
	 	 
	 	 
	 	 
	/s/ Robert Gordon	$10,000
	Robert Gordon	 
	 	 
	 	 
	/s/ Joseph W. Beyers	$30,000*
	Joseph W. Beyers	 


 


		*	Conversion from previous short-term loan