Document:

Exhibit 10.2

 

Senior Note N-1

Original Principal Amount: $11,000,000

Holder: DBD Credit Funding LLC

 

THIS NOTE WAS ISSUED IN A PRIVATE PLACEMENT,
WITHOUT REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND MAY NOT BE SOLD, ASSIGNED, PLEDGED
OR OTHERWISE TRANSFERRED (I) IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT COVERING THE TRANSFER OR
AN EXEMPTION FROM SUCH REGISTRATION AND (II) EXCEPT IN COMPLIANCE WITH SECTION 9.10 OF THAT CERTAIN REVENUE SHARING
AND NOTE PURCHASE AGREEMENT DATED AS OF OCTOBER 1, 2014, AMONG THE COMPANY, THE COLLATERAL AGENT AND THE PURCHASERS (EACH AS DEFINED
THEREIN).

 

INVENTERGY GLOBAL, INC. AND INVENTERGY,
INC.

 

SENIOR NOTE

DUE SEPTEMBER 30, 2017

 

N-1

Original Principal Amount: $11,000,000

 

Issue Date: October 1, 2014

 

FOR VALUE RECEIVED, the undersigned, Inventergy
Global, Inc., a Delaware corporation and Inventergy, Inc., a Delaware corporation (collectively, the “Company”)
HEREBY PROMISE TO PAY DBD Credit Funding LLC or its permitted assigns (the “Holder”), the Adjusted Principal
Amount (as defined below) of this Note on or before September 30, 2017, or such later date as the Holder may have consented to
pursuant to Section 2.2.4.1 of the Agreement (the “Maturity Date”), or such earlier date as due and payable
in accordance with the Revenue Sharing and Note Purchase Agreement (as amended, restated, supplemented or otherwise modified from
time to time, the “Agreement”), dated as of October 1, 2014, among the Company, DBD Credit Funding LLC, as Collateral
Agent and the Purchasers from time to time party thereto, plus interest on the Adjusted Principal Amount outstanding from time
to time at the interest rate specified in the Agreement.

 

This Note (i) is one of a series of Senior
Notes (herein called the “Notes”) of the Company issued pursuant to the Agreement, (ii) is entitled to the benefits
and subject to the terms set forth in the Agreement with respect to the Notes, and (iii) constitutes an Obligation under the Agreement.
Capitalized terms used but not defined herein have the meanings provided in the Agreement. The issuance date of this Note is October
1, 2014.

 

The Adjusted Principal Amount of this Note
is equal to the sum of (x) $11,000,000, plus (y) any PIK Interest, in accordance with the Agreement, minus (z) any prior principal
amounts paid with respect to this Note.

 

    	 

    	 

    

 

Senior Note N-1

Original Principal Amount: $11,000,000

Holder: DBD Credit Funding LLC

 

Interest shall be payable on the interest
payment dates specified in the Agreement, and shall further be due and payable on any partial or complete prepayment of this Note,
on any portion of the Adjusted Principal Amount so prepaid, and on the Maturity Date (and after the Maturity Date, to the extent
not paid, on demand) and upon any acceleration of the amounts due hereunder. All computations of interest hereunder shall be made
on the actual number of days elapsed over a year of 360 days.

 

In case an Event of Default shall occur
and be continuing, the entire principal of this Note may become or be declared due and payable in the manner and with the effect
provided in the Agreement.

 

Interest on this Note shall accrue on the
Adjusted Principal Amount of this Note in the manner and at the rate or rates per annum determined pursuant to the terms of the
Agreement. Payments of principal and interest (other than payments of interest payable as PIK Interest to the extent permitted
or required by the Agreement) on this Note are to be made in lawful money of the United States of America in immediately available
funds at the times and in the manner described in the Agreement.

 

All payments made on account of principal
hereof, and any adjustments to the Adjusted Principal Amount, shall be recorded by the Holder and, prior to any transfer hereof,
endorsed on the grid attached hereto which is part of this Note, provided, however, that the failure of the Holder hereof to make
such a notation or any error in such a notation shall not in any manner affect the obligations of the Company to make payments
of principal, interest or any other amounts with respect to this Note and the Agreement.

 

The Company shall, upon surrender of a Note
that is paid or prepaid in part, promptly execute and deliver to the Holder a new Note equal in principal amount to the unpaid
portion of the Note surrendered.

 

The Company hereby acknowledges and makes
this Note a registered obligation for U.S. federal tax purposes. The Company shall be the registrar for this Note.

 

This Note shall be governed by and construed
in accordance with the laws (other than the conflict of laws rules) of the State of New York.

 

The Company hereby waives presentment, demand,
notice, protest and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this
Note, except as specifically otherwise provided in the Agreement.

 

[The remainder of this page intentionally
has been left blank.]

 

    	 

    	 

    

 

Senior Subordinated Note N-1

Holder: DBD Credit Funding LLC

 

In
witness whereof, the Company has caused this Note to be executed and delivered by its duly authorized officer, on the date
first above mentioned.

 

	 	INVENTERGY GLOBAL, INC.
	 	 	 	 
	 	By:	/s/ Joseph Beyers
	 	 	Name:	Joseph W. Beyers
	 	 	Title:	Chief Executive Officer and
	 	 	 	Chairman
	 	 	 	 
	 	INVENTERGY, INC.
	 	 	 	 
	 	By:	/s/ Joseph Beyers
	 	 	Name:	Joseph W. Beyers
	 	 	Title:	Chief Executive Officer and
	 	 	 	Chairman

 

Signature Page to Note

 

    	 

    	 

    

 

Senior Subordinated Note N-1

Holder: DBD Credit Funding LLC

 

PRINCIPAL AMOUNT OF NOTE AND PAYMENTS OF
PRINCIPAL

 

	 

 

	Date	 	
        Additional Principal

        (PIK Interest)
	 	
        Amount of

        Principal Repaid
	 	
        Remaining Outstanding

        Principal Amount of

        Note
	 	
        Notation

        Made ByExhibit 10.3

 

PATENT LICENSE
AGREEMENT

 

THIS PATENT LICENSE AGREEMENT (the
“Agreement”) is made and entered into on October 1, 2014 by and among:

 

Inventergy Global, Inc., a Delaware
corporation having its principal place of business located at 900 E. Hamilton Avenue, Suite 180, Campbell, CA 95008;

 

Inventergy, Inc., a Delaware corporation
having its principal place of business located at 900 E. Hamilton Avenue, Suite 180, Campbell, CA 95008 (collectively, “Licensor”);
and

 

DBD Credit Funding LLC, an entity
incorporated under the laws of Delaware having its principal place of business located at One Market Plaza, Spear Tower, 42nd
Floor, San Francisco, CA 94105 (“Licensee”).

 

Licensor and Licensee are sometimes referred
to herein individually as a “Party” and collectively as the “Parties”.

 

WHEREAS, reference is made to the
Revenue Sharing and Note Purchase Agreement, dated as of the date hereof (as it may be amended, restated, supplemented or otherwise
modified from time to time, the “Revenue Sharing and Note Purchase Agreement”), by and among the Licensor, the
Purchasers (including the Licensee) and the Licensee, acting as the Collateral Agent, and the Security Agreement, dated as of the
date hereof (as it may be amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”),
by and among the Grantors (as defined therein, including Licensor) and the Licensee, acting as the Collateral Agent;

 

WHEREAS, in consideration of the
investments set forth in the Revenue Sharing and Note Purchase Agreement, Licensor agreed to grant certain rights, including rights
to license patents and patent applications, to the Licensee for the benefit of the Secured Parties; and

 

WHEREAS, Licensor is the owner of
certain patents and patent applications identified in Schedule I(a) of the Revenue Sharing and Note Purchase Agreement, which Schedule
I(a) shall be an integral part of this Agreement; and

 

NOW, THEREFORE, in consideration
of the premises and the mutual covenants and agreements contained herein, the Parties hereto agree as follows:

 

		1.	Definitions

 

In this Agreement,
the following terms shall have the assigned meaning. Capitalized terms used in this Agreement but not defined herein shall have
the meaning given to them in the Revenue Sharing and Note Purchase Agreement and/or the Security Agreement, as applicable.

 

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“Licensed
Patents” shall mean the Patents listed on Schedule I(a) of the Revenue Sharing and Note Purchase Agreement.

 

		2.	License

 

		2.1	Subject to the terms and conditions herein and in the Revenue Sharing and Note Purchase Agreement,
Licensor hereby grants to Licensee, effective upon the earlier of the date (i) that is 365 days after the Closing Date, or (ii)
an Event of Default (the “Effective License Date”), a non-exclusive, transferrable, sub-licensable, divisible,
fully paid-up, royalty-free, and worldwide license to the Licensed Patents, including, but not limited to, the rights to make,
have made, market, use, sell, offer for sale, import, export and distribute the inventions claimed in the Licensed Patents and
otherwise exploit the Licensed Patents in any lawful manner in Licensee’s sole and absolute discretion solely for the benefit
of the Secured Parties (“Patent License”), provided that Licensee shall only use the Patent License following
an Event of Default. For avoidance of doubt, any attempted use of the Patent License before an Event of Default will have no effect
and any purported sublicense to any third party will be void.

 

		2.2	If Licensee elects to grant any sublicense(s) pursuant to the Patent License in Section 2.1, Licensee
shall (x) obtain the prior written approval of Licensor before entering into any sublicense agreement imposing financial obligations
or restrictions on Licensor, (y) provide written notice within fifteen days of entering into any sublicense agreement, and (z)
apply all proceeds, after expenses, from the sublicenses to the Obligations of Licensor pursuant to the Revenue Sharing and Note
Purchase Agreement.

 

		2.3	If Licensee grants any licenses pursuant to section 2.1, any proceeds from such license(s), including
any proceeds due under a license granted subject to granted sublicensing right, shall be applied, less reasonable expenses associated
with the monetization activity, to satisfy the Note Obligations and the Revenue Stream, with any further excess amounts provided
to Licensor in accordance with the Revenue Sharing and Note Purchase Agreement.

 

		3.	Representations, Warranties and Acknowledgements

 

		3.1	Each Party represents, warrants and covenant to the other that the execution, delivery and performance
of this Agreement is within each Party's powers and has been duly authorized.

 

		3.2	Licensor hereby represents, warrants and covenant that it is the sole and exclusive owner of all
rights, title and interest in and to the Licensed Patents.

 

		3.3	EXCEPT AS EXPRESSLY PROVIDED HEREIN, NEITHER PARTY MAKES ANY WARRANTIES OF ANY KIND, WHETHER EXPRESS,
IMPLIED, STATUTORY OR OTHERWISE, AND EACH PARTY SPECIFICALLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING ANY WARRANTIES OF MERCHANTABILITY,
NON-INFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE OR THAT ARISE BY COURSE OF DEALING OR BY REASON OF CUSTOM OR USAGE IN THE
TRADE, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW.

 

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		3.4	Notwithstanding anything to the contrary in this Agreement, no Party shall be liable to the other
or any third party for any indirect, incidental, exemplary, special, punitive or consequential damages (including with respect
to lost revenue, lost profits or savings or business interruption) of any kind or nature whatsoever suffered by the other Party
or any third party howsoever caused and regardless of the form or cause of action, even if such damages are foreseeable or such
party has been advised of the possibility of such damages.

 

		4.	Infringement

 

Upon request, Licensee shall notify Licensor of any
infringement of the Licensed Patents by third parties of which Licensee become aware. Licensor shall have the sole right, at its
expense, to bring any action on account of any such infringement of the Licensed Patents, and Licensee shall reasonably cooperate
with Licensor, as Licensor may request and at Licensor’s expense, in connection with any such action brought by Licensor.

 

		5.	Termination

 

		5.1	The Parties may terminate this Agreement at any time by mutual written agreement executed by both
Parties.

 

		5.2	The Agreement, including any sublicense granted to Licensee or any Affiliate of Licensee or Subsidiary
of Licensee, shall immediately terminate upon the earliest of (i) mutual agreement to terminate this Agreement as provided in Section
5.1, (ii) the indefeasible payment in full of all of the Note Obligations and the Revenue Stream, or (iii) the later of (x) the
expiration of the last Licensed Patent to expire and (y) the date on which all statutes of limitations have fully run for bringing
infringement claims under the Licensed Patents. Breach(es), material or otherwise, of this Agreement by either Party or any other
Person will not constitute grounds by which this Agreement may be terminated.

 

		5.3	For avoidance of doubt, any sublicenses granted hereunder prior to any termination of this Agreement
(except to Licensee or its affiliates) shall survive according to the respective terms and conditions of such sublicenses.

 

		6.	Survival

 

Any rights and obligations which by their nature survive
and continue after any expiration or termination of this Agreement will survive and continue and will bind the Parties and their
successors and assigns, until such rights are extinguished and obligations are fulfilled.

 

		7.	Statement of Intent With Respect to Bankruptcy.

 

The Parties intend that the licenses granted under
this Agreement are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the United States Bankruptcy Code, 111
U.S.C. § 101, et seq. (“Bankruptcy Code”), licenses of rights to “intellectual property” as
defined in the Bankruptcy Code.

 

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		8.	Assignment

 

Licensee and each of its sublicensees may, without
the consent of Licensor, assign any or all of their rights and interests, and delegate any or all of their obligations without
restriction, upon notice to the Licensor. The rights and obligations of the Parties hereto shall inure to the benefit of, and be
binding and enforceable upon and by, the respective successors and assigns of the Parties.

 

		9.	Entire Agreement and Construction

 

This Agreement along with the pertinent provisions
of the Revenue Sharing and Note Purchase Agreement constitute the sole, final and entire understanding of the parties hereto concerning
the subject matter hereof, and all prior understandings having been merged herein. This Agreement cannot be modified or amended
except by a writing signed by the Parties hereto. The language used in this Agreement will be deemed to be the language chosen
by the Parties hereto to express their mutual intent, and no rule of strict construction will be applied against any Party.

 

		10.	Severability

 

The provisions of this Agreement shall be deemed severable
and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions
hereof. If any provision of this Agreement, or the application thereof to any Person or any circumstance, is invalid or unenforceable,
(a) a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable,
the intent and purpose of such invalid or unenforceable provision and (b) the remainder of this Agreement and the application of
such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity
or unenforceability affect the validity or enforceability of such provision, or the application thereof, in any other jurisdiction.

 

		11.	Notices

 

All notices, requests, claims, demands, and other
communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery
in person, or by overnight delivery service from a recognized carrier, to the respective Party as follows:

 

if to Licensor:

 

Inventergy,
Inc.

900 E. Hamilton
Avenue, Suite 180

Campbell,
CA 95008

Attention:
Wayne Sobon

 

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Telephone:
(408) 389-3510

Facsimile:
(408) 389-3548

Electronic Mail: wayne@inventergy.com

 

With a copy to:

 

Ellenoff Grossman & Schole LLP

1345 Avenue of the Americas

New York, NY 10105-0302

Attention: Joseph A. Smith, Esq.

Telephone: (212) 370-1300

Facsimile: (212) 370-7889

Electronic Mail: jsmith@egsllp.com

 

if to Licensee:

 

Fortress Investment Group

One Market Plaza

Spear Tower, 42nd Floor

San Francisco, CA 94105

Attention: Yoni Shtein

 

With a copy to:

 

Fortress Investment Group

One Market Plaza

Spear Tower, 42nd Floor

San Francisco, CA 94105

Attention: James K. Noble III

 

or to such other address as the person to whom notice
is given may have previously furnished to the other Party in writing in the manner set forth above.

 

		12.	Governing Law; Jurisdiction; Venue

 

This Agreement, and all claims arising hereunder or
relating hereto, shall be governed by and construed in accordance with the internal laws of the State of New York in the United
States of America applicable to agreements made and to be performed entirely within such State, without regard to the conflicts
of law principles of such State that would result in the application of the laws of another jurisdiction. In any action or proceeding
between either of the Parties arising out of or relating to this Agreement or any of the transactions contemplated by this Agreement,
each of the Parties (a) irrevocably and unconditionally consents and submits to the exclusive jurisdiction and venue of the state
and federal courts residing in the State of New York and (b) agrees that all claims in respect of such action or proceeding must
be heard and determined exclusively in the state or federal courts in the State of New York. Each Party shall be entitled to seek
injunctive or other equitable relief, without the posting of a bond, at any time (with or without delivering a demand notice) whenever
the facts or circumstances would permit a Party to seek such equitable relief in a court of competent jurisdiction.

 

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		13.	Waiver

 

Except as otherwise provided herein, any failure of
any Party to comply with any obligation, covenant, agreement, or condition herein may be waived by the Party entitled to the benefits
thereof only by a written instrument signed by the Party granting such waiver; provided, however, that such waiver or failure to
insist upon strict compliance with such obligation, covenant, agreement, or condition shall not operate as a waiver of, or estoppel
with respect to, any subsequent or other failure.

 

		14.	Counterparts

 

This Agreement may be executed in one or more counterparts,
each of which will be an original and both of which will constitute together the same document. Counterparts may be signed and
delivered by facsimile or PDF file, each of which will be binding when received by the applicable Party.

 

[Signature Page Follows]

 

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

 

	 	Licensor:	 
	 	 	 
	 	Inventergy Global, Inc. 	 
	 	 	 
	/s/ Joseph W. Beyers	 
	 	Authorized Signature	 
	 	 	 
	Joseph Beyer Chairman & CEO	 
	 	Print Name and Title	 
	 	 	 
	 	Inventergy, Inc. 	 
	 	 	 
	/s/ Joseph W. Beyers	 
	 	Authorized Signature	 
	 	 	 
	Joseph Beyer Chairman & CEO	 
	 	Print Name and Title	 
	 	 	 
	 	Licensee:	 
	 	DBD Credit Funding LLC	 
	 	 	 
	/s/ Jason Meyer	 
	 	Authorized Signature	 
	 	 	 
	Jason Meyer Authorized Signatory	 
	 	Print Name and Title	 

 

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