Document:

Assignment Agreement

 Exhibit 10.1 
 ASSIGNMENT AGREEMENT 
 This Assignment Agreement (this “Agreement”) is entered into
as of February 29, 2008, by and among Laurus Master Fund, Ltd., a Cayman Islands company (“Laurus”), Valens U.S. SPV I, LLC, a Delaware limited liability company, as partial assignee of Laurus (“Valens,”
together with Laurus, each an “Assignor” and collectively, “Assignors”), and eLandia International Inc., a Delaware corporation formerly known as Elandia, Inc.(“Assignee”). 
 BACKGROUND 
 A. Assignors are a party
to a Security Agreement made as of June 29, 2007 (the “Security Agreement”), by and among Assignors, Assignee, Latin Node, Inc., a Florida corporation (“Latin Node”), and various subsidiaries listed on Exhibit
A to the Security Agreement (the “Eligible Subsidiaries” and together with Latin Node, each a “Company,” collectively, the “Companies”), pursuant to which Assignors agreed to make certain advances
available to the Companies. 
 B. Under the terms of the Security Agreement, Laurus agreed to make Revolving Loans (as such term is defined
in the Security Agreement) to the Companies which Revolving Loans are evidenced by a Secured Revolving Note in the original principal amount of $7,500,000 and Assignors made a Term Loan (as such term is defined in the Security Agreement) which Term
Loan is evidenced by a Secured Convertible Term Note in the original principal amount of $5,500,000. 
 C. Each Assignor has agreed to sell
and assign all of its respective right, title, and interest in and to the Loans (as defined in the Security Agreement) and the Ancillary Agreements (as defined in the Security Agreement, and together with the Security Agreement collectively, the
“Loan Documents”) to Assignee and Assignee has agreed to purchase the Loans and the Loan Documents from Assignors on the terms and conditions herein contained. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the mutual covenants and
undertakings and the terms and conditions contained herein, the parties hereto agree as follows: 
 1 Defined Terms. Capitalized terms
used herein without definition shall have the meanings ascribed to such terms in the Security Agreement. 
 2 Assignment and
Assumption. 
 (a) As of the Effective Date (as defined in Section 6 of this Agreement), each Assignor hereby TRANSFERS, ASSIGNS,
SELLS, GRANTS and CONVEYS, WITHOUT RECOURSE, REPRESENTATION OR WARRANTY OF ANY NATURE WHATSOEVER (except as expressly set forth in Section 5(a) of this Agreement) unto Assignee all of such Assignor’s right, title, and interest in and to
the Loans and the Loan Documents, together with all 

 
attendant liens, rights, title, assignments and interests (including security interests), pertaining to or arising from the Loan Documents (the
“Assigned Rights”). 
 (b) Assignee hereby PURCHASES all of the Assigned Rights and ASSUMES all of each Assignor’s
obligations under and with respect to the Loans and the Loan Documents as of the Effective Date (including, without limitation, all of each Assignor’s commitments, if any, and the obligations owing to each Assignor thereunder). 
 (c) Laurus hereby acknowledges that the aggregate outstanding principal amount of the Revolving Loans and accrued interest thereon as of the commencement
of business on February 29, 2008 is $698,280.73. Assignors hereby acknowledge that the aggregate outstanding principal amount of the Term Loan and accrued interest thereon as of the commencement of business on February 29, 2008 is
$5,548,736.24. 
 (d) The aggregate amount of unpaid fees, due from the Companies to Assignors in accordance with the terms of the Loan
Documents is $718,439. 
 3 Payment of Purchase Price. In consideration for the Assigned Rights, Assignee shall pay to Assignors an
amount equal to $6,965,455.97 (the “Purchase Price”) computed as follows: (i) $6,247,016.97 representing the sum of (a) the unpaid principal balance of, and accrued interest on, the Loans as described in Section 2(c)
above plus (ii) all unpaid fees as described in Section 2(d) above. The Purchase Price shall be paid by wire transfer to Assignors of immediately available funds in the lawful currency of the United States of America in accordance with the
wire transfer instructions set forth on Schedule A hereto. 
 4 Termination of Agreements. Laurus agrees that the following agreements
will be terminated and Latin Node is forever released and discharged from any and all liability arising thereunder from and after the Effective Date: 
 (i) the Common Stock Purchase Warrant for 533,158 shares issued June 29, 2007 by Latin Node to Laurus; and 
 (ii) the Registration Rights Agreement dated June 29, 2007 between Latin Node and Laurus. 
 5 Representations and
Warranties. 
 (a) Each Assignor represents and warrants that (i) the Assigned Rights held by it are free and clear of any lien or
encumbrance created by such Assignor; (ii) this Agreement has been duly authorized, executed and delivered by such Assignor, and is the legal, valid and binding obligation of such Assignor enforceable in accordance with its terms; (iii) it
has title to the Assigned Rights held by it and (iv) it has not previously assigned, sold or hypothecated any interest that it may have in the Assigned Rights or the Loan Documents. 
 (b) No Assignor makes any representation or warranty and assumes no responsibility with respect to (i) any statements, warranties or representations
made by any Company in or in connection with the Loan Documents, (ii) the legality, validity, enforceability, genuineness, sufficiency or value of any Loan Document, (iii) the occurrence or existence of any 

  

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defaults or events of default under any Loan Document; or (iv) the financial condition of any Company, or the performance or observance by any Company
or any other obligor of any of its obligations under any Loan Document. 
 (c) Assignee hereby acknowledges that it is taking the Loan
Documents as is, without recourse to any Assignor, without the benefit of any representations or warranties from ant Assignor, except as expressly stated in Section 5(a). 
 (d) Assignee represents and warrants that this Agreement has been duly authorized, executed and delivered by it, and is the legal, valid and binding
obligation of the Assignee enforceable in accordance with its terms. 
 6 Effective Date; Conditions Precedent. This Agreement shall
become effective as of the date on which all of the following conditions have been fulfilled (the “Effective Date”): 
 (a)
Each Company, each Guarantor, Assignor, Assignee and each other party to the execution of this Agreement as set forth on the signature page hereto shall each have executed and delivered counterparts of this Agreement to one another; and 

(b) Assignor shall have received payment in full of the Purchase Price. 
 7 Delivery of Documents; Further Assurances. After the Effective Date, each Assignor shall execute and deliver to Assignee, at the expense of the Companies or Assignee such other documents, instruments,
consents, assignments and agreements as Assignee shall reasonably request from time to time, to further evidence or carry out the transfer and assignment contemplated by this Agreement including, without limitation, delivery to the Assignee of the
original Notes, Warrants, stock certificates together with related stock powers and each guaranty guaranteeing the payment of the Loans in possession of such Assignor. 
 8 Indemnities. For and in consideration of each Assignor’s agreements contained herein, each Company and Assignee jointly and severally hereby indemnify each Assignor from, and hold Assignor harmless
against, all losses, liabilities, charges, expenses and fees (a) which any Assignor may incur as a result of any non-payment, claim or refund or charge back of any checks or other items which have been credited by any Assignor to any
Company’s account with any Assignor, together with all expenses and other charges incident thereto, (b) which Assignor may have incurred or may now or hereafter incur in connection with the transactions contemplated by this letter which
have not as yet been reflected in any Company’s loan account which any Company is, or may be, required to bear pursuant to the Loan Documents and (c) which any Assignor may incur as a result of errors in calculation of any amounts due any
Assignor by any Company; provided that, in each such case, such indemnification is sought within sixty (60) days of the date hereof. 
 9 Consent to Assignment. Each Company and each Guarantor, if any, and their respective officers, directors, employees, representatives, agents, executors, heirs, administrators, successors and assigns (each Company, each Guarantor
and each such other party, collectively, the “Releasing Parties “) consents to this Assignment and agrees to be bound by its terms and conditions to the extent applicable to it. Each Releasing Party represents and warrants to
Assignee that there are no defenses, offsets or counterclaims to any such party’s obligations 

  

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under any of the Loan Documents. For and in consideration of each Assignor’s agreements contained herein the Releasing Parties hereby release each
Assignor and each of its officers, directors, representatives, employees, agents, attorneys-in-fact, affiliates and successors and assigns (collectively, the “Assignor Parties”) from any and all claims, demands, agreements, actions,
expenses, damages, judgments, liabilities and obligations which any of the Releasing Parties has ever had against of the Assignor Parties pursuant to the Loan Documents or any of the transactions relating thereto and hereby agrees to indemnify the
Assignor Parties from, and hold the Assignor Parties harmless against the same. 
 10 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED
BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. 
 11 WAIVER OF JURY TRIAL. EACH ASSIGNOR, ASSIGNEE, EACH COMPANY AND EACH GUARANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY
LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 
 12 Counterparts. This Agreement may be executed in one or more counterparts, each
of which when so executed shall be deemed to be an original, but all of which when taken together shall constitute one and the same instrument. Any signature delivered by facsimile transmission shall be deemed an original signature hereto.

 13 Entire Agreement. This Agreement represents the entirety of all agreements and understandings of the parties with respect to the
subject matter hereof and supersedes all prior understandings and agreements, whether written or oral. 
 14 Construction. The parties
acknowledge that each party and its counsel have reviewed this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this
Agreement or any amendments, schedules or exhibits thereto. 
  

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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

  

			
	 ELANDIA INTERNATIONAL INC.

		
	 By:
	 	 /s/ Harley L. Rollins

	 Name:
	 	Harley L. Rollins
	 Title:
	 	Chief Financial Officer
	
	 LAURUS MASTER FUND, LTD.

		
	 By:
	 	Laurus Capital Management, LLC, its
		 	investment manager
		
	 By:
	 	 /s/ Scott Bluestein

	 Name:
	 	Scott Bluestein
	 Title:
	 	Authorized Signatory
	
	 VALENS U.S. SPV I, LLC

		
	 By:
	 	Valens Capital Management, LLC, its
		 	investment manager
		
	 By:
	 	 /s/ Scott Bluestein

	 Name:
	 	Scott Bluestein
	 Title:
	 	Authorized Signatory
	
	 CONSENTED AND AGREED TO:

	
	 ELANDIA INTERNATIONAL INC.

		
	 By:
	 	 /s/ Harley L. Rollins

	 Name:
	 	Harley L. Rollins
	 Title:
	 	Chief Financial Officer

 SIGNATURE PAGE TO 
 ASSIGNMENT AGREEMENT 

			
	LATIN NODE, INC.
		
	By:	 	 /s/ Harley L. Rollins

	Name:	 	Harley L. Rollins
	Title:	 	Vice President
	
	LATIN NODE LLC
		
	By:	 	 /s/ Harley L. Rollins

	Name:	 	Harley L. Rollins
	Title:	 	Vice President
	
	LATINODE COMMUNICATIONS CORPORATION
		
	By:	 	 /s/ Harley L. Rollins

	Name:	 	Harley L. Rollins
	Title:	 	Vice President
	
	NSITE SOFTWARE, LLC
		
	By:	 	 /s/ Harley L. Rollins

	Name:	 	Harley L. Rollins
	Title:	 	Vice President
	
	TROPICAL STAR COMMUNICATIONS, INC.
		
	By:	 	 /s/ Harley L. Rollins

	Name:	 	Harley L. Rollins
	Title:	 	Vice President

 SIGNATURE PAGE TO 
 ASSIGNMENT AGREEMENT 

			
	TS TELECOMMUNICATIONS, INC.
		
	By:	 	 /s/ Harley L. Rollins

	Name:	 	Harley L. Rollins
	Title:	 	Vice President
	
	 TOTAL SOLUTIONS TELECOM INC.

		
	By:	 	 /s/ Harley L. Rollins

	Name:	 	Harley L. Rollins
	Title:	 	Vice President

 SIGNATURE PAGE TO 
 ASSIGNMENT AGREEMENT 

 SCHEDULE A 
 Wire Transfer Instructions 
  

 8First Amendment to Preferred Stock Purchase Agreement

 Exhibit 10.2 
 ELANDIA INTERNATIONAL INC., 
 a Delaware corporation 
 FIRST AMENDMENT TO 
 PREFERRED STOCK
PURCHASE AGREEMENT 
 THIS FIRST AMENDMENT TO PREFERRED STOCK PURCHASE AGREEMENT dated as of February 28, 2008 (this
“Amendment”), is entered into by and between ELANDIA INTERNATIONAL INC., a Delaware corporation (the “Company”); and STANFORD INTERNATIONAL BANK LTD., an Antiguan banking corporation
(“SIBL” or the “Purchaser”). 
 RECITALS 
 WHEREAS, the Company and the Purchaser entered into that certain Preferred Stock Purchase Agreement, dated as of February 20, 2008 (the
“Original Agreement”), whereby the Purchaser agreed to purchase and the Company agreed to sell, for an aggregate purchase price of $40,000,000, (i) 5,925,926 shares of shares of the Company’s Series B
Convertible Preferred Stock, $0.00001 par value per share (the “Series B Preferred Stock”), and (ii) warrants (the “Warrants”) to purchase an aggregate of 4,158,000 shares of the
Company’s common stock, $0.00001 par value per share (the “Common Stock”), subject to adjustment as provided in the Warrants; 
 WHEREAS, subject to the terms and conditions of the Original Agreement, the Company and Purchaser agreed to close on the first purchase of shares of Series B Preferred Stock and the Warrants (the
“First Closing”) within seven (7) days following the appointment of Mr. Pedro (Pete) Pizarro (“Pizarro”) as Chief Executive Officer of the Company in accordance with the terms
of the employment agreement attached as Exhibit D to the Original Agreement (the “Pizarro Employment Agreement”) (the date of such First Closing, the “First Closing Date”); 
 WHEREAS, thereafter, the Company and Purchaser agreed to close on each subsequent purchase of shares of Series B Preferred Stock in accordance
with the funding schedule set forth in the Original Agreement (the date of each closing hereunder, a “Closing Date”); and 
 WHEREAS, notwithstanding the foregoing, the Company and the Purchaser desire to amend the Original Agreement to accelerate the final four purchases of shares of Series B Preferred Stock and to provide, among
other things, for the purchase by the Purchaser of (i) 1,185,184 shares of the Series B Preferred Stock and (ii) the Warrants to purchase 4,158,000 shares of the Company’s Common Stock, for an aggregate purchase price of $8,000,000,
on the terms and conditions set forth in the Original Agreement as amended hereby. 
 NOW, THEREFORE, in consideration of the premises
and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 

 AGREEMENT 
 1. Defined Terms. Capitalized terms used herein without definition shall have the meanings ascribed to such terms in the Original Agreement. 
 2. Agreement to Purchase Series B Preferred Stock; Purchase Price. Subject to the terms and conditions in the Original Agreement, as
amended hereby, the Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to issue and sell to the Purchaser 1,185,184 shares of the Series B Preferred Stock and Warrants to purchase 4,158,000 shares of Common Stock,
for an aggregate purchase price of $8,000,000, on the terms and conditions set forth in the Original Agreement as amended hereby. Delivery of the shares of Series B Preferred Stock and Warrants to be purchased by the Purchaser hereunder shall be
made in the form of one or more certificates, registered in such names as the Purchaser may specify. Payment of the aggregate purchase price for such shares of Series B Preferred Stock and Warrants shall be made by the Purchaser in the form
specifically agreed by the parties or by wire transfer to an account of the Company, by 5:00 PM, Eastern Standard Time, on February 27, 2008 (the “Closing”). 
 3. Waiver of Conditions Precedent to First Closing Date. For purposes of this Amendment and the advance described herein, Purchaser agrees
to waive the conditions precedent to closing as described in the Original Agreement. Notwithstanding the foregoing, Purchaser does not waive any conditions precedent to the First Closing or any subsequent purchases and Purchaser shall not be
obligated to purchase any additional shares of Series B Preferred Stock until such time as any and all conditions to closing described in the Original Agreement, including, but not limited to, the conditions to the First Closing as described in
Section 1(b) of the Original Agreement, have been met. 
 4. Use of Proceeds. The Company shall use the proceeds from the
sale of the Series B Preferred Stock and Warrants (i) to purchase the obligations due to Laurus Master Fund, Ltd. (“Laurus”) for all indebtedness owed by the Company’s subsidiary, Latin Node, Inc., to Laurus including, without
limitation, indebtedness owed pursuant to that certain Secured Revolving Note and Secured Convertible Term Note executed by Latin Node, Inc. in favor of Laurus and (ii) for general working capital needs, in accordance with the Company’s
business plan as approved by management and the board of directors. 
 5. Miscellaneous. 
 (a) The Original Agreement is reaffirmed and ratified in all respects, except as expressly provided herein. 
 (b) The Company’s representations and warranties contained in the Original Agreement are true and correct in all respects on and as of the date
hereof, as though made on and as of such date, except to the extent that any such representation or warranty relates solely to an earlier date, in which case such representation or warranty is true and correct in all respects on and as of such
earlier date. The Company has performed all covenants and agreements required to be performed pursuant to the Original Agreement in all respects on and as of the date hereof and as of the date hereof there exists no violation or default (or any
event which with the giving 

  

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of notice, or lapse of time or both, would result in a violation or become a default) under the Original Agreement. 
 (c) In the event of any conflict between the terms or provisions of this Amendment and the Original Agreement, then this Amendment shall prevail in all
respects. Otherwise, the provisions of the Original Agreement shall remain in full force and effect. 
 (d) Capitalized terms used in this
Amendment and not otherwise defined in this Amendment have the meanings assigned to them in the Original Agreement. 
 (e) The parties shall
execute and deliver any other instruments or documents and take any further actions after the execution of this Amendment, which may be reasonably required for the implementation of this Amendment and the transactions contemplated hereby.

 (f) The Company shall bear its own costs, including attorney’s fees, incurred in the negotiation of this Amendment and consummation
of the transactions contemplated herein and the corporate proceedings of the Company in contemplation hereof. At the Closing, the Company shall reimburse the Purchaser for all of the Purchaser’s reasonable out-of-pocket expenses incurred in
connection with the negotiation of performance of this Amendment, including without limitation reasonable fees and disbursements of counsel to the Purchaser. 
 [Remainder of Page Intentionally Left Blank] 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.

  

			
	COMPANY:
	
	ELANDIA INTERNATIONAL INC.
		
	By:	 	 /s/ Harley L. Rollins

	Name:	 	Harley L. Rollins
	Title:	 	Chief Financial Officer
	
	PURCHASER:
	
	STANFORD INTERNATIONAL BANK, LTD.
		
	By:	 	 /s/ James M. Davis

		 	James M. Davis
		 	Chief Financial Officer

  

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