Document:

INVENTERGY, INC.

 

Form of Lock-Up Agreement

 

 

May 10, 2013

 

Inventergy, Inc.

19925 Stevens Creek Boulevard, Suite 100

Cupertino, CA 95014

Attention: Joe Beyers

 

			Re: Inventergy, Inc. – Lock-Up Agreement

 

Dear Sirs:

 

This Lock-Up Agreement
is being delivered to you in connection with the Securities Purchase Agreement (the "Purchase Agreement") by and
among Inventergy, Inc. (the "Company") and the investors party thereto (the "Buyers"), with respect
to the issuance of (i) shares of Series A-1 Convertible Preferred Stock which are convertible into common stock of the Company,
par value $0.0001 per share (the "Common Stock"), (ii) senior secured notes of the Company and (iii) Adjustment
Shares (as defined in the Purchase Agreement). Capitalized terms used herein and not otherwise defined herein shall have the respective
meanings set forth in the Purchase Agreement.

 

In order to induce
the Buyers to enter into the Purchase Agreement, the undersigned agrees that, commencing on the date hereof and ending on the two
(2) year anniversary of the Closing Date (the "Lock-Up Period"), the undersigned will not, and will cause all
Affiliates of the undersigned or any person in privity with the undersigned or any Affiliate of the undersigned not to, (i) sell,
offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase, make any short sale or otherwise dispose
of or agree to dispose of, directly or indirectly, any shares of Common Stock or Common Stock Equivalents, or establish or increase
a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities
and Exchange Act of 1934, as amended and the rules and regulations of the Securities and Exchange Commission promulgated thereunder
with respect to any shares of Common Stock or Common Stock Equivalents owned directly by the undersigned (including holding as
a custodian) or with respect to which the undersigned has beneficial ownership within the rules and regulations of the Securities
and Exchange Commission (collectively, the "Undersigned's Shares"), or (ii) enter into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of any of the Undersigned's Shares,
whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of shares of Common Stock or other
securities, in cash or otherwise, (3) make any demand for or exercise any right or cause to be filed a registration statement,
including any amendments thereto, with respect to the registration of any shares of Common Stock or Common Stock Equivalents or
(4) publicly disclose the intention to do any of the foregoing.

 

    	 

    	 

    

 

The foregoing restriction
is expressly agreed to preclude the undersigned, and any Affiliate of the undersigned and any person in privity with the undersigned
or any Affiliate of the undersigned, from engaging in any hedging or other transaction which is designed to or which reasonably
could be expected to lead to or result in a sale or disposition of the Undersigned's Shares even if the Undersigned's Shares would
be disposed of by someone other than the undersigned. Such prohibited hedging or other transactions would include, without limitation,
any short sale or any purchase, sale or grant of any right (including, without limitation, any put or call option) with respect
to any of the Undersigned's Shares or with respect to any security that includes, relates to, or derives any significant part of
its value from the Undersigned's Shares.

 

Notwithstanding the
foregoing, the undersigned may transfer (i) the Undersigned's Shares as a bona fide gift or gifts, provided that the donee
or donees thereof agree to be bound in writing by the restrictions set forth herein, (ii) the Undersigned's Shares to any trust
for the direct or indirect benefit of the undersigned or the immediate family of the undersigned, provided that the trustee of
the trust agrees to be bound in writing by the restrictions set forth herein, and provided further that any such transfer shall
not involve a disposition for value or (iii) up to the Release Percentage of the Undersigned's Shares to any third party, provided,
however, that in the event the undersigned is issued or holds any options to purchase shares of Common Stock and/or Common
Stock Equivalents during the Lock-Up Period, all such Common Stock and/or Common Stock Equivalents issuable upon exercise
of such options shall be subject to the terms of this Lock-Up Agreement without regard to this clause (iii). For purposes of this
Lock-Up Agreement, (x) "immediate family" shall mean any relationship by blood, marriage or adoption, not more
remote than parent, child, spouse or legal domestic partner and (y) "Release Percentage" means, initially, _____,
and after the date the Company owns the patents set forth on Schedule 4(r)(v) attached to the Purchase Agreement and no
Indebtedness of the Company is secured by such patents, _________. The undersigned now has, and, except as contemplated by the
immediately preceding sentence, for the duration of this Lock-Up Agreement will have, good and marketable title to the Undersigned's
Shares, free and clear of all liens, encumbrances, and claims whatsoever. The undersigned also agrees and consents to the entry
of stop transfer instructions with the Company's transfer agent (the "Transfer Agent") and registrar against the
transfer of the Undersigned's Shares except in compliance with the foregoing restrictions.

 

In order to enforce
this covenant, the Company shall impose irrevocable stop-transfer instructions preventing the Transfer Agent from effecting any
actions in violation of this Lock-Up Agreement.

 

The undersigned acknowledges
that the execution, delivery and performance of this Lock-Up Agreement is a material inducement to each Buyer to complete the transactions
contemplated by the Purchase Agreement and that the Company shall be entitled to specific performance of the undersigned's obligations
hereunder. The undersigned hereby represents that the undersigned has the power and authority to execute, deliver and perform this
Lock-Up Agreement, that the undersigned has received adequate consideration therefor and that the undersigned will indirectly benefit
from the closing of the transactions contemplated by the Purchase Agreement.

 

    	 

    	 

    

 

The undersigned understands
and agrees that this Lock-Up Agreement is irrevocable and shall be binding upon the undersigned's heirs, legal representatives,
successors, and assigns.

 

This Lock-Up Agreement
may be executed in two counterparts, each of which shall be deemed an original but both of which shall be considered one and the
same instrument.

 

This Lock-Up Agreement
will be governed by and construed in accordance with the laws of the State of New York, without giving effect to any choice of
law or conflicting provision or rule (whether of the State of New York, or any other jurisdiction) that would cause the laws of
any jurisdiction other than the State of New York to be applied. In furtherance of the foregoing, the internal laws of the State
of New York will control the interpretation and construction of this Lock-Up Agreement, even if under such jurisdiction's choice
of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply.

 

[Remainder of page intentionally left
blank]

 

 

 

 

 

 

 

 

 

    	 

    	 

    

 

 

			Very truly yours,

 

			______________________________

			Exact Name of Stockholder

 

			______________________________

			Authorized Signature

 

			______________________________

			Title

 

Agreed
to and Acknowledged:

 

INVENTERGY,
INC.

 

 

By: _______________________

      Name:

      Title:

  

    	 

    	 

    

 

ADDENDUM TO LOCKUP AGREEEMENT

 

The undersigned, being a party to that certain Lockup Agreement
dated on or about May 10, 2013 with Inventergy, Inc., a Delaware corporation (“Inventergy”), hereby agree that upon
the merger of Inventergy with Inventergy Merger Sub, Inc., a wholly owned subsidiary of eOn Communications Corp. (“EON”),
the Lockup Agreement shall apply mutatis mutandis to any shares of EON common stock which I receive in exchange for my shares
of Inventergy which are now subject to the Lockup Agreement.

 

December 16, 2013

 

 

______________________________DEPOSIT ACCOUNT CONTROL AGREEMENT

 

(Access Restricted)

 

 

This Deposit Account Control Agreement
(the "Agreement"), dated as of the date specified on the initial signature page of this Agreement, is entered
into by and among Inventergy, Inc. ("Company"), Hudson Bay IP Opportunities Master Fund LP ("Secured
Party") and First Republic Bank ("Bank"), and sets forth the rights of Company and Secured Party and
the obligations of Bank with respect to the deposit account of Company at Bank identified at the end of this Agreement as the Collateral
Accounts (the "Collateral Accounts").

 

		1.	Secured Party's Interest in Collateral Account. Company hereby confirms the security interest
granted by Company to Secured Party in all of Company's right, title and interest in and to the Collateral Accounts and all securities
and/or sums now or hereafter on deposit in or payable or withdrawable from the Collateral Accounts (collectively, the "Collateral
Account Assets"). In furtherance of the intentions of the parties hereto, this Agreement constitutes written notice by
Secured Party to Bank of Secured Party's security interest in the Collateral Accounts and written confirmation by Company of such
security interest. The aforesaid security interest in the Collateral Account Assets has been granted under a Pledge and Security
Agreement of even date herewith by and between Company as Grantor and Secured Party as Collateral Agent (as the same may be amended,
restated, amended and restated, supplemented or otherwise modified, the "Security Agreement").

 

		2.	Secured Party Control. Bank, Secured Party and Company each agree that Bank will unconditionally
comply with instructions of the Secured Party given to Bank directing disposition of securities and/or funds in the Collateral
Accounts made in accordance with the Security Agreement. Prior to the termination of this Agreement in accordance with the terms
hereto, the Company shall have no right to instruct the Bank to dispose of any securities and/or funds in the Collateral Accounts.

 

		3.	New York Uniform Commercial Code. Company, Secured Party and Bank agree that (a) the Collateral
                                                                 Accounts have been established by Bank on the Bank's books and constitutes a "securities account" within the
                                                                 meaning of Section 8-501(a) of the Uniform Commercial Code of the State of New York (the "NYUCC"); (b)
                                                                 the Bank is a "securities intermediary" (within the meaning of Section 8-102(a)(14) of the NYUCC) in relation to
                                                                 the Collateral Accounts; (c) Company is the "entitlement holder" (as defined in Section 8-102(a)(7) of the NYUCC)
                                                                 in respect of all "security entitlements" (as defined in Section 8-102(a)(17) of the NYUCC) credited to the
                                                                 applicable Collateral Account; (d) Disposition Instructions consitute an "entitlement order" (as defined in Section
                                                                 8-102(a)(8) of the NYUCC; (e) the "securities intermediary's jurisdiction" (within the meaning of Section 8-110(e)
                                                                 of the NYUCC) of the Bank in respect of the Collateral Accounts is New York; (f) all financial assets carried in the
                                                                 Collateral Accounts will have been duly credited thereto in compliance with Section 8-501 of the NYUCC; and (g) each item of
                                                                 property other than cash credited to the applicable Collateral Account shall be treated
as a "financial asset" within the meaning of Section 8-102(a)(9) of the NYUCC.

 

    	 

    	 

    

 

 

	4.	Balance Reports and Bank Statements. Bank agrees, at the request of Secured Party on any
day on which Bank is open to conduct its regular banking business, other than a Saturday, Sunday or public holiday (each a "Business
Day"), to make available to Secured Party a report ("Balance Report") showing the securities or sums
in each Collateral Account as of the beginning of such Business Day, by a transmission method determined by Bank, in Bank's sole
discretion. Company expressly consents to this transmission of information.

 

	5.	Bank Fees. Company agrees to pay all Bank's fees and charges for the maintenance and administration
of the Collateral Accounts and for account services provided with respect to the Collateral Accounts (collectively "Bank
Fees"), including, but not limited to, the fees for (a) Balance Reports provided on the Collateral Accounts, (b) funds
transfer services with respect to the Collateral Accounts, and (c) duplicate bank statements. The Bank Fees, if any,
will be paid by Company to Bank, without setoff or counterclaim, with funds from Inventergy Checking account 80001641274. Secured
Party agrees to pay any Bank Fees which accrue within fifteen (15) calendar days after written demand, without setoff or counterclaim,
to the extent such Bank Fees are not paid in full by Company within five (5) calendar days after written demand on Company by Bank.

 

	6.	Returned Items. Bank will pay returned items by debiting the Collateral Accounts. Company
agrees to pay any returned items. Secured Party agrees that it will pay, within ten (10) Business days after demand by Bank, any
amounts owed for a returned item that is not paid in full by Company but only up to the amount actually received by Secured Party
from the corresponding returned item.

 

	7.	Subordination of Bank's Rights. Bank hereby subordinates to the security interest of Secured
Party in the Collateral Accounts (i) any security interest which Bank may have or acquire in the Collateral Accounts, and (ii)
any right which Bank may have or acquire to set off or otherwise apply any Collateral Account Assets against the payment of any
indebtedness from time to time owing to Bank from Company, except for debits to the applicable Collateral Account permitted under
this Agreement for the payment of Bank Fees.

 

	8.	Bankruptcy Notice; Effect of Filing. If Bank at any time receives notice of the commencement
of a bankruptcy case or other insolvency or liquidation proceeding by or against Company, Bank will continue to comply with its
obligations under this Agreement, except to the extent that any action required of Bank under this Agreement is prohibited under
applicable bankruptcy laws or regulations or is stayed pursuant to the automatic stay imposed under the United States Bankruptcy
Code or by order of any court or agency.

 

	9.	Legal Process, Legal Notices and Court Orders. Bank will comply with any legal process,
legal notice or court order it receives in relation to either Collateral Account if Bank determines in its sole discretion that
the legal process, legal notice or court order is legally binding on it; provided, however, that Bank will give at least
ten (10) days prior written notice to Secured Party of any intended compliance unless non-compliance would subject Bank to criminal
liability.

    	 

    	 

    

 

		10.	Indemnification. Company will indemnify, defend and hold harmless
Bank, its officers, directors, employees, and agents (collectively, the "Indemnified Parties") from and against
any and all claims, demands, losses, liabilities, damages, costs and expenses (including reasonable attorneys' fees) (collectively
"Losses and Liabilities") Bank may suffer or incur as a result of or in connection with (a) Bank complying with
any binding legal process, legal notice or court order referred to in the immediately preceding paragraph of this Agreement, (b)
Bank following any instruction or request of the Secured Party provided in accordance with the Security Agreement, or (c) Bank
complying with its obligations under this Agreement, except to the extent such Losses and Liabilities are caused by Bank's gross
negligence or willful misconduct. Secured Party hereby agrees to indemnify, defend and hold harmless the Indemnified Parties against
any Loss and Liabilities arising from Bank complying with any written instructions of such Secured Party provided in accordance
with the Security Agreement, other than if related to Bank's gross negligence or willful misconduct. The Company and Secured Party's
obligations under this section shall survive termination of this Agreement.

 

		11.	Bank's Responsibility. This Agreement does not create any obligations
of Bank, and Bank makes no express or implied representations or warranties with respect to its obligations under this Agreement,
except for those expressly set forth herein. In particular, Bank need not investigate whether Secured Party is entitled under the
Security Agreement or any related agreements to give any instructions to the Bank directing the Bank to dispose of any Collateral
Account Assets, and Bank may rely on any and all notices and communications given by the Secured Party. Bank will not be
liable to Company, Secured Party or any other party for any Losses and Liabilities caused by (i) circumstances beyond Bank's reasonable
control (including, without limitation, computer malfunctions, interruptions of communication facilities, labor difficulties, acts
of God, wars, or terrorist attacks) or (ii) any other circumstances, except to the extent that such Losses and Liabilities are
caused by Bank's gross negligence or willful misconduct. In no event will Bank be liable for any indirect, special, consequential
or punitive damages, whether or not the likelihood of such damages was known to Bank, and regardless of the form of the claim or
action, or the legal theory on which it is based.

 

		12.	Termination. Upon termination, release or discharge of the security
interests in the Collateral Account, this Agreement will terminate. Company's and Secured Party's respective obligations to report
errors in funds transfers and bank statements and to pay Bank Fees, as well as the indemnifications made, and the limitations on
the liability of Bank accepted, by Company and Secured Party under this Agreement will continue after the termination of this Agreement
with respect to all the circumstances to which they are applicable, existing or occurring before such termination, and any liability
of any party to this Agreement, as determined under the provisions of this Agreement, with respect to acts or omissions of such
party prior to such termination will also survive such termination.

 

		13.	Modifications, Amendments, and Waivers. This Agreement may not be
modified or amended, or any provision thereof waived, except in a writing signed by all the parties to this Agreement.

 

    	 

    	 

    

 

		14.	Notices. All notices from one party to another must be in writing,
must be delivered to Company, Secured Party and/or Bank at their contact addresses specified after their signatures to this
Agreement, or any other address of any party communicated to the other parties in writing, and will be effective on receipt. Any
notice sent by a party to this Agreement to another party must also be sent to all other parties to this Agreement. Bank is authorized
by Company and Secured Party to act on any instructions or notices received by Bank if (a) such instructions or notices purport
to be made in the name of Secured Party, (b) Bank reasonably believes that they are so made, and (c) they do not conflict with
the terms of this Agreement as such terms may be amended from time to time, unless such conflicting instructions or notices are
supported by a court order.

 

	15.	Assignment; Successors and Assigns. This Agreement and all of the
provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted
assigns, but neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties
hereto without the prior written consent of the other parties, nor is this Agreement intended to confer upon any other person except
the parties hereto any rights or remedies hereunder. Notwithstanding the foregoing, Secured Party may transfer its rights and duties
under this Agreement to a transferee to which, by contract or operation of law, Secured Party transfers substantially all of its
rights and duties under the Security Agreement; provided that, as between Bank and Secured Party, Secured Party will not be released
from its obligations under this Agreement unless and until Bank receives any such transferee's binding written agreement to assume
all of Secured Party's obligations hereunder.

 

	16.	Governing Law; Jurisdiction. This Agreement shall be construed and
enforced in accordance with, and all questions concerning the construction, validity, interpretation and performance of this Agreement
shall be governed by, the internal laws of the State of New York, without giving effect to any choice of law or conflict of law
provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the laws of
any jurisdictions other than the State of New York. Each of the parties hereby irrevocably submits to the exclusive jurisdiction
of the state and federal courts sitting in The City of New York, Borough of Manhattan, for the adjudication of any dispute hereunder
or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees
not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court,
that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is
improper. Each of the parties hereby irrevocably waives personal service of process and consents to process being served in any
such suit, action or proceeding by mailing a certified copy thereof via courier or overnight service to such party at the address
it set forth on the signature page hereto and agrees that such service shall constitute good and sufficient service of process
and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted
by law. In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law,
then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform
with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the
validity or enforceability of any other provision of this Agreement. Nothing contained herein shall be deemed or operate to preclude
the Secured Party or the Bank from bringing suit or taking other legal action against the Company in any other jurisdiction to
collect on the Company's obligations to the Secured Party, to realize on any collateral or any other security for such obligations,
or to enforce a judgment or other court
ruling in favor of the Secured Party. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO
REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT.

 

    	 

    	 

    

 

	17.	Severability. To the extent that the terms of this Agreement are inconsistent
with, or prohibited or unenforceable under, any applicable law or regulation, they will be deemed ineffective only
to the extent of such prohibition or unenforceability, and will be deemed modified and applied in a manner consistent with such
law or regulation. Any provision of this Agreement which is deemed unenforceable or invalid in any jurisdiction will not affect
the enforceability or validity of the remaining provisions of this Agreement or the same provision in any other jurisdiction.

 

	18.	Counterparts. This Agreement may be executed in any number of counterparts
each of which will be an original with the same effect as if the signatures were on the same instrument. Delivery of an executed
counterpart of a signature page of this Agreement by telecopier or electronic image scan transmission (such as a "pdf' file)
will be effective as delivery of a manually executed counterpart of the Agreement. Until this Agreement is signed by all parties
and accepted by the Bank, it is neither enforceable against nor binding on the Bank.

 

	19.	Entire Agreement. This Agreement contains the entire agreement among
all the parties to this Agreement with respect to Bank's obligations in connection with the Collateral Accounts and Collateral
Account Assets.

 

	20.	Controlling Agreement. Should any conflict arise between the terms
of this Agreement and the terms of the Security Agreement or any documents related thereto, or any of the documents with respect
to the Collateral Accounts, the terms of this Agreement will prevail.

  

    	 

    	 

    

 

This Agent has been signed by
the duly authorized officers or representatives of Company, Secured Party and Bank as of the date specified below.

 

 

 

Collateral Account Numbers: ____________

 

 

	Inventergy, Inc. 	
        Hudson Bay IP Opportunities 

        Master Fund, L.P.

	 	 
	 	By: Hudson Bay Capital Management LP, its investment advisor
	 	 
	By:  /s/ Joseph W. Beyers                                                       	By:  /s/ Yoav Roth                                                              
	
         

        Name: Joseph W. Beyers                                                         
	
         

        Name: Yoav Roth                                                                

	
         

        Title: Chairman & CEO                                                             
	
         

        Title: Authorized Signatory                                               

	 	 
	 	 
	Address for Notices:	Address for Notices: 
	 	 
	19225 Stevens Creek Boulevard	777 Third Avenue, 30th Floor
	Suite 100	New York, NY 10017
	Cupertino, CA 95014	 
	 	 
	 	 
	with a copy to:_____________________________	with a copy to: ____________________________
	_________________________________________	_________________________________________
	__________________________________________	_________________________________________
	__________________________________________	_________________________________________

 

 

[SIGNATURE PAGES CONTINUE]

 

    	 

    	 

    

 

First Republic Bank 

 

By:  /s/ Michael Wawro                                           

 

Name:  Michael Wawro                                            

 

Title:  Manager                                                          

 

Address for Notices: 

 

First Republic Bank

Attn: Business Services

111 Pine Street

San Francisco, CA 94111

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00233-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00233-of-00352.parquet"}]]