Document:

Exhibit
10.20

 

[
* * * ] The appendix to this exhibit has been excluded pursuant to Regulation S-K, Item 601(b)(10)(iv) from this document because it
is both not material and is the type that the registrant treats as private or confidential.

 

April
20, 2021

 

Harjinder
Bhade

 

Dear
Harjinder:

 

On
behalf of Blink Charging Co. (the “Company”), I am pleased to offer you the position of Chief Technology Officer (“CTO”).
As CTO, you will be reporting to the Company’s Chief Operating Officer and working in San Jose, California (remote). Your employment
agreement and equity compensation package, as outlined herein, is subject to the recommendation of the Compensation Committee (“Compensation
Committee”) and Board’s approval at a meeting to occur at least two-week before your Employment Start Date which will
be May 3, 2021.

 

Base
Salary. Your starting annual base salary will be $33,333.33 per month ($400,000 annually), less applicable taxes, deductions, and
withholdings, to be paid bi-monthly and subject to an annual increase review (“Base Salary”). You will be paid on
the Company’s regularly scheduled payday. The Company’s current regularly scheduled payday is on the 15th and
30th of every month.

 

Annual
Performance Bonus. You and the Compensation Committee will work together to establish periodic Key Performance Indicators (“KPIs”)
every year. If you achieve your pre-established KPIs during the relevant time frame, you will be eligible to receive a bonus equal to
half of your current Base Salary, less applicable taxes, deductions, and withholdings (the “Performance Bonus”). The
failure to establish KPIs, which is not the fault of the Compensation Committee, will exclude you from eligibility for the Performance
Bonus. To qualify for the Performance Bonus, you must meet the relevant KPIs for the 12 months preceding the date your Performance Bonus
is considered to be paid.

 

Equity
Awards. As a “C” level executive of the Company, you will be entitled to receive equity awards under the Company’s
2018 Omnibus Incentive Plan (the “Omnibus Incentive Plan”). The total aggregate annual award value under the Omnibus
Incentive Plan will be equal to half of your current Base Salary (the “Grant”) and such award value may be adjusted
from time to time. Twenty-five percent (25%) of such Grant will be in the form of the Company’s Restricted Common Stock (the “RCSs”).
The remaining Seventy-five percent (75%) of such Grant will be in the form of options to purchase the Company’s common stock (the
“Stock Options”) (the RCSs and the Stock Options shall be referred to as “Equity Awards”). The
number of Stock Options shall be calculated per the Company’s option valuation practices and consistent with the Omnibus Incentive
Plan. Unless otherwise specified, the RCSs shall vest on the first anniversary of the day they were granted, and the RCS grant will include
a cash payment upon vesting to cover expected ordinary income tax charges and will be calculated at the highest individual personal income
tax rate (the “Gross Up”). The Stock Options shall vest in equal one-third (1/3) increments on each anniversary of
the day they were granted (first, second and third anniversaries). All Equity Awards shall be granted to you, provided that (1) at the
end of each applicable vesting date, you are still employed by the Company; and (2) provided that you satisfy the KPIs and other performance
criteria established by the Omnibus Incentive Plan. All Stock Options that will be granted to you shall expire five years following their
vesting. All Equity Awards, including RCSs, Stock Options, future bonuses, and future Equity Awards will be granted on or about March
31st of each year.

 

    	1

     

    

 

Additional
Equity or Cash Awards. In addition to the above Performance Bonus and Equity Awards, you will receive additional equity or cash awards
(the “Additional Awards”). You will be eligible for the Additional Awards during the first two years of your employment,
and the total amount of the Additional Awards shall be $5.5M (“Additional Awards of $5.5M”). You will be responsible
to cover any and all income, excise or other taxes that may apply to the Additional Awards of $5.5M, and the Company will have no
obligation or liability to gross up any part of this award. You may elect to obtain this Additional Awards payment through Stock
issuance, Option grant or cash payment. If Options will be granted, those will be calculated in accordance with the Company’s option
valuation practices. The Additional Awards’ key performance indicators are listed in Appendix A to this Offer Letter (the “Additional
KPIs”) The Additional KPIs explicitly state the specific amount of the Additional Awards of $5.5M that you will immediately
earn upon substantial completion and achievement of each individual KPI. For the Avoidance of doubt, the Additional Awards of $5.5M will
be prorated and paid for each of the individual KPI’s. You must achieve each stated Additional KPIs to meet a “market readiness”
level within the relevant timeframe to be entitled to any Additional Awards. In case partial achievement of the KPI, the Company will
assess your partial achievement and grant you a partial payment for such achievement.

 

Clawbacks.
All bonuses and equity grants referred to in this Offer Letter are subject to the Company’s “clawback” policies
under any requirement imposed under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

 

Benefits.
At no cost to you, you and your family will participate in the Company’s current medical, dental, life, and accident benefit
programs. Understandably, the Company may change those plans from time-to-time. In addition, if you drive an electric car or a “plug-in
hybrid” vehicle, the Company will pay you an additional $300 a month. Estimated values of medical benefits per employee annually
is $4,118.00 and per employee with family is $13,000.00.

 

Business
Expense Reimbursement. Upon presentation of appropriate documentation in accordance with the Company’s expense reimbursement
policies, the Company will reimburse you for the reasonable business expenses you incur in connection with your employment.

 

Paid
Time Off. You will accrue Paid Time Off, which you will be allowed to use for absences due to illness, vacation, or personal need,
at a rate of 160 hours, or twenty (20) days (based upon an eight-hour workday), per year.

 

Term
and Termination. The initial term shall be two (2) years commencing on your Employment Start Date (the “Term”).
On your second anniversary, your employment will be renewed automatically for an additional one-year term, unless the Company or you
provide the other party with a notice of non-renewal at least 30 days prior to the end of the Term.

 

Termination
by the Company for Cause. You may be terminated by the Company immediately and without notice for “Cause.” “Cause”
shall mean: (i) your willful material misconduct, directly or indirectly, injurious to the Company; or (ii) your willful failure to materially
perform your job duties; (iii) material violation of the Company’s code of conduct and policies; or (iv) material breach of this
Offer Letter, provided, however, that “Cause” shall not exist unless and until you have been given a notice specifying the
details of the alleged Cause and a reasonable opportunity to cure.

 

Termination
Without Cause. Upon Termination Without Cause the Company will make (i) a severance payment by continuing the payment of your Base
Salary for additional number of months equal to the number of months of your actual employment prior to the termination (“Severance
Period”), capped at 12 months maximum payment, and (ii) accelerated vesting of the unvested portion of the annual Equity Award
for the number of months of the Severance Period (capped at 12 months). In all other types of terminations or resignation on your part,
then all further vesting of your outstanding equity awards or bonus will terminate immediately, as well as all payments of compensation
by the Company to you hereunder will terminate immediately (except as to amounts already earned). The foregoing is your sole entitlement
to severance payments and benefits in connection with the termination of your employment. In case of a buy-out or a “change of
control” as this term is defined in the Company’s 2018 Omnibus Incentive Plan, you will be entitled to obtain (i) your Base
Salary for a period of 12 months as your severance payment. Provided your termination is without cause, in addition to the abovementioned
payments, the balance of those amounts of your Additional Award of $5.5M, any other then unvested Equity Awards, and your Annual Performance
Bonus, shall immediately vest and be paid to you upon your execution of a release and waiver from any and all claims against the Company.

 

    	2

     

    

 

Death
and Disability. In the event of your death during the Term, your employment shall terminate immediately. If, during the Term,
you shall suffer a “Disability” within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, the Company
may terminate your employment. In the event your employment is terminated due to death or Disability, you (or your estate in case of
death) shall receive the separation benefits (in lieu of any severance payments): all unpaid Base Salary amounts, and all outstanding
and fully vested stock options and other equity awards.

 

Proprietary
Agreement and No Conflict with Prior Agreements. As an employee of the Company, it is likely that you will become knowledgeable about
confidential and/or proprietary information related to the operations, products, and services of the Company and its clients. Similarly,
you may have confidential or proprietary information from prior employers that must not be used or disclosed to anyone at the Company.
Therefore, you will be required to read, complete, and sign the Company’s standard Employee Confidentiality and Assignment of Inventions
Agreement (“Proprietary Agreement”) and the Proprietary Information Obligations Checklist and return it to the Company on
or prior to your Employment Start Date. In addition, the Company requests that you comply with any existing and/or continuing contractual
obligations that you may have with your former employers. By signing this offer letter, you represent that your employment with the Company
shall not breach any agreement you have with any third party.

 

Obligations.
During your employment, you shall devote your full business efforts and time to the Company. However, this obligation shall not preclude
you from engaging in appropriate civic, charitable or religious activities, or, with the consent of the Board, from serving on the boards
of directors of companies that are not competitors to the Company, as long as these activities do not materially interfere or conflict
with your responsibilities to, or your ability to perform your duties of employment at the Company. Any outside activities must be in
compliance with and if required, approved by the Company’s Corporate Governance Guidelines. Notwithstanding the foregoing, the
Company acknowledges your representation that you currently have a consulting business, and that, from time to time, you might have to
devote marginal time to your consulting business, for as long as it does not involve in any way consulting the Company’s competitors.

 

Non-competition.
In addition to the obligations specified in the Proprietary Agreement, you agree that during your employment with the Company you
will not engage in, or have any direct or indirect interest in, any person, firm, corporation, or business (whether as an employee, officer,
director, agent, security holder, creditor, consultant, partner or otherwise) that is competitive with the business of the Company, including,
without limitation, planning, developing, installing, marketing, selling, leasing, and providing services relating to electric vehicle
charging stations.

 

Company
Policy Documents. As part of your onboarding process, you will be provided copies of the Company’s handbook which shall be
considered the terms and conditions of your employment, including the Confidentiality, Non-Disclosure, and IP Ownership Agreement (“Company
Documents”), all of which must be returned to the Company with signed consents and acknowledgments on or before your Employment
Start Date.

 

This
offer of employment is conditioned upon the following: (i) you execute this offer letter; (ii) you signing the Company Documents’
acknowledgment forms; and (iii) you undergoing and passing a Company administered drug and background checks prior to commencement of
your employment which will be deemed satisfied two weeks before the Start Date.

 

Background
Check. You represent that all information provided to the Company or its agents with regard to your background is true and correct.

 

    	3

     

    

 

We
look forward to you joining the Company. Please indicate your acceptance of this offer by signing below and returning an executed copy
of this offer to me at your earliest convenience.

 

Sincerely,

 

Brendan
Jones 

President

 

I
accept this offer of employment with Blink Charging Co. and agree to the terms and conditions outlined in this letter.

 

	/s/
    Harjinder S. Bhade 	 	April
    20, 2021  
	Harjinder
    S. Bhade	 	Date
	 	 	 
	 	 	May
    3, 2021
	 	 	Employment
    Start Date

 

    	4

     

    

 

Appendix A

 

[ * * * ]Exhibit 10.1

Execution Version

 

SECOND OMNIBUS AMENDMENT

 

This SECOND OMNIBUS AMENDMENT,
dated as of April 25, 2022 (this “Agreement”), is entered into among Pareteum Corporation, a Delaware corporation (the
 “Issuer”), each of the Subsidiaries of the Issuer a party hereto (each a “Guarantor”; and together
with the Issuer, collectively, the “Grantors”), Circles MVNE Pte. Ltd., (“Circles”) in its capacity
as successor in interest to the Original Initial Holder (references herein to the Original Initial Holder shall refer to High Trail Investments
SA LLC, the original Initial Holder and references herein to the “Successor Initial Holder” shall refer to Circles),
Circles, in its capacity as successor in interest to the Original Incremental Holder (references herein to the Original Incremental Holder
shall refer to Channel Ventures Group, LLC, the original Incremental Holder and references herein to the “Successor Incremental
Holders” shall refer to Circles), High Trail Investments SA LLC, in its capacity as resigning agent with regard to collateral,
administration or any other services provided under the Note Documents (in such capacity, the “Resigning Agent” for
the Holders (as defined below), and Circles in its capacity as successor agent under the Note Documents (in such capacity, the “Successor
Agent”). Capitalized terms used in this Agreement without definition shall have the meanings provided in Article I or
the Securities Purchase Agreement, as applicable.

 

PRELIMINARY STATEMENTS:

 

The Issuer issued the Initial
Note in favor of the Original Initial Holder pursuant to the Securities Purchase Agreement. The Obligations due to the Original Initial
Holder thereunder are secured by the Collateral of the Grantors pursuant to the Security Documents.

 

The Initial Note has previously
been amended by that certain Amendment to Senior Secured Convertible Note Due 2025, dated as of July 18, 2020, that certain Forbearance
Agreement dated as of November 30, 2020, that certain Forbearance Agreement dated as of May 20, 2021, and that certain Amendment No. 4
to Senior Secured Convertible Note Due 2025 dated as of June 18, 2021, each between the Issuer and the Original Initial Holder.

 

Under Joinder Agreements dated
November 26, 2021 and December 17, 2021, the Issuer issued and sold the Incremental Notes to the Original Incremental Holders on the terms,
and subject to the conditions of, the Securities Purchase Agreement, as so amended, including that the Obligations due to the Original
Incremental Holders under the Incremental Notes would also be secured by the Collateral of the Grantors pursuant to the Security Documents
as therein provided.

 

Circles and each of the Existing
Holders have executed a Note Sale Contract, dated April 25, 2022, under which each of the Existing Holders have sold, assigned, and conveyed
to Circles all of the Existing Holders’ right, title and interest in, to and under the Initial Notes and Incremental Notes.

 

The Resigning Agent has agreed
to resign from all agency duties pursuant to the terms of the Note Sale Contract. The Holders would like to accept such resignations and
to appoint Circles as Successor Agent. Circles would like to accept such appointments. The Holders, the Resigning Agent, and the Successor
Agent would like the Issuer and the other Grantors to acknowledge such resignations and appointments for all purposes of the Note Documents
and the Intercreditor Agreement. The Grantors are willing to so acknowledge such resignations and appointments as hereinafter set forth.
The Resigning Agent is willing to execute this Agreement as provided below to consent to such resignations and appointments and the amendments
of the Note Documents and the Intercreditor Agreement as hereinafter set forth.

 

    Second Omnibus Amendment

     

    

 

Each of the Holders is, on
the terms and conditions stated below, willing to grant such request and to amend each existing Note Document identified herein to which
it is a party, as hereinafter set forth.

 

After giving effect to the
Note Sale Contract, the Issuer and other Obligors would like to: (i) expressly and knowingly reaffirm their full liability under each
of the Note Documents heretofore executed and delivered from time to time in favor of the Existing Holders, each of which shall, as of
the date hereof, be in favor of all of the Holders and Circles, and agrees that such Note Documents shall remain in full force and effect
and are hereby ratified and confirmed, (ii) expressly agree to be and remain liable under the terms of such Note Documents to which they
are a party, (iii) acknowledge that they have no defense, offset, claim or counterclaim whatsoever against the Existing Holders, the Resigning
Agent or Circles with respect to the Note Documents for which they are a party, (iv) acknowledge and agree that security interests and
grant of collateral under the Note Documents are hereby ratified and remain in full force and effect and shall continue to serve as collateral
for the Obligations of the Obligors to Circles, (v) acknowledges that there is no further obligation for any Holder to fund future advances,
issue letters of credit, make new loans, or extend any further credit of any kind to the Obligors and (vi) acknowledge that the Notes
are no longer convertible to equity pursuant to the terms of the Note Documents or otherwise and no portion of the interest, fees or principal
under the Note Documents have been paid or will be paid in the form of stock or other equity based compensation.

 

NOW THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each party to this Agreement agrees, as follows:

 

ARTICLE
I

DEFINITIONS

 

1.01   
Definitions. The following terms (whether or not underscored) when used in this Agreement, including its preamble and recitals,
shall have the following meanings (such definitions to be equally applicable to the singular and plural forms thereof):

 

“Agreement”
is defined in the preamble.

 

“Agreement Effective
Date” means the date on which the conditions precedent to the effectiveness of this Agreement as specified in Article III
herein have been satisfied.

 

“Existing Holders”
means the Original Initial Holder and the Original Incremental Holder.

 

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“Grantors”
is defined in the preamble.

 

“Guarantor”
is defined in the preamble.

 

“Holder”
means a Holder (as defined in any Note).

 

“Incremental Notes”
is defined in Exhibit A hereto.

 

“Initial Notes”
is defined in Exhibit A hereto.

 

“Issuer”
is defined in the preamble.

 

“Joinder Agreement”
is defined in Exhibit A hereto.

 

“Note Documents”
is defined in the Note Sale Contract.

 

“Notes”
means the Initial Note and the Incremental Notes.

 

“Note Party”
means, collectively, the Successor Initial Holder, the Successor Incremental Holders, the Resigning Agent and the Successor Agent.

 

“Note Sale Contract”
means the Note Sale Contract dated as of April 25, 2022 among the Existing Holders and Circles.

 

“Obligors”
is defined in the Note Sale Contract.

 

“Original Incremental
Holder” is defined in the preamble.

 

“Original Initial
Holder” is defined in the preamble.

 

“Resigning Agent”
is defined in the preamble.

 

“Securities Purchase
Agreement” means the Securities Purchase Agreement dated as of June 8, 2020, between the Issuer and the Initial Holder, as amended
from time to time.

 

“Security Agreement”
means the Security Agreement dated as of June 8, 2020, among the Issuer, each Guarantor and the Collateral Agent, as amended from time
to time.

 

“Senior Agent”
is defined in the Intercreditor Agreement.

 

“Successor Agent”
is defined in the preamble.

 

 

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1.02     Other Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including
its preamble and recitals, have the meanings provided in the Securities Purchase Agreement or the Security Agreement.

 

ARTICLE
II

AMENDMENTS

 

2.01  Resignations. Effective as of the Agreement Effective Date, the Resigning Agent hereby resign in such capacities and each
Obligor and each Holder hereby accepts such resignations. Each of the parties hereto agree and acknowledge that as of the Agreement Effective
Date, the Resigning Agent shall have no obligations or liability whatsoever for the actions or omissions of the Successor Agent in relation
to the Note Documents or any transaction associated with the same.

 

2.02  Appointments.

 

(a)   Effective as of the Agreement Effective Date, each Holder hereby appoints Circles as Successor Agent for all purposes of the Note
Documents and the Intercreditor Agreement and as Secured Party under the Security Agreement. Circles hereby accepts such appointments
and agrees to be bound by the Note Documents and the Intercreditor Agreement in such capacities. Effective as of the Agreement Effective
Date, Circles shall succeed to, and be vested with, all of the rights, powers and duties of the Administrative Agent (if any) and Collateral
Agent under the Securities Purchase Agreement and the other Note Documents. Each Holder and the Obligors hereby waive any requirement
in the Securities Purchase Agreement or the Security Agreement that the Resigning Agent provide prior written notice of its resignation.

 

(b)   The parties hereto agree that neither the Resigning Agent, nor any of its affiliates, shall bear any responsibility or liability
for any actions taken or omitted to be taken by the Successor Agent from and after the Agreement Effective Date pursuant to this Agreement,
the Securities Purchase Agreement or the other Note Documents or any of the transactions contemplated thereby. The parties hereto agree
that the Successor Agent and its affiliates shall bear no responsibility or liability for any actions taken or omitted to be taken by
the Resigning Agent pursuant to this Agreement, the Securities Purchase Agreement or the other Note Documents or the transactions contemplated
thereby.

 

(c)   From and after the Agreement Effective Date it is understood and agreed that the Successor Agent (i) shall have no responsibility
or liability whatsoever for any actions taken or failures to take action (including, without limitation, any matters relating to payments,
computations and accruals) for the period prior to the Agreement Effective Date and (ii) shall receive all of the benefits, indemnifications
and exculpations provided for in the Securities Purchase Agreement and the other Note Documents.

 

(d)    In the event that, after the Agreement Effective Date, the Resigning Agent receives any principal, interest or other amount owing
to any Holder or the Successor Agent under any Note Document, the Resigning Agent agrees that such payment shall be held in trust for
the Successor Agent, and the Resigning Agent shall promptly forward without setoff or counterclaim such payment by wire transfer of immediately
available funds to the Successor Agent.

 

2.03  Amendments. Effective as of the Agreement Effective Date, the Note Documents are hereby amended as follows:

 

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(a)   Securities Purchase Agreement. The Securities Purchase Agreement shall be amended to delete the stricken text (indicated
textually in the same manner as the following example: stricken text) and to add the
double-underlined text (indicated textually in the same manner as the following example: double-underlined
text) as set forth in the redline attached as Exhibit A hereto;

 

(b)   Schedule of Buyers.The Schedule of Buyers attached to the Securities Purchase Agreement is hereby amended by deleting
the Schedule of Buyers attached thereto in its entirety and replacing it with the schedule attached as Exhibit B-1 hereto. The
outstanding amount of obligations under the Notes and all other indebtedness of the Obligors is set forth on Exhibit B-2 hereto;

 

(c)   [RESERVED]

 

2.04  Guarantor Acknowledgement.

 

(a)   Each Guarantor (i) consents and agrees to the terms of this Agreement and each Note Document, as amended and otherwise modified
by this Agreement, and (ii) confirms and agrees that each of the Subsidiary Guaranty (as defined in the Security Agreement) and each other
Security Document to which it is a party, is, and shall continue to be, in full force and effect.

  

(b)   On and after the Agreement Effective Date, (i) each reference in a Note Document to “hereunder”, “hereof”
or words of like import shall mean and be a reference to such Note Document as amended and otherwise modified by this Agreement, (ii)
each reference in any Note Document to the Administrative Agent (if any) shall mean and be a reference to the Successor Agent, (iii) each
reference in a Note Document to the Collateral Agent shall mean and be a reference to the Successor Agent, (iv) each reference in the
Security Agreement to the Secured Party shall mean and be a reference to the Successor Agent and (v) each reference in the Intercreditor
Agreement to the Senior Agent shall mean and be a reference to the Successor Agent.

 

(c)   Each Guarantor and Grantor (and the Resigning Agent) hereby confirms the authorization of the Successor Agent pursuant to Section
4.1(b) of the Security Agreement to file an amendment to each financing statement naming such Grantor as debtor and the Successor Agent
as secured party and to change the name and address of the secured party thereunder to the name and address of the Successor Agent. Each
Guarantor and Grantor agrees to cause the execution of such agreements, instruments and other documents and any other action as may reasonably
be necessary or desirable in connection with the Resigning Agent’s assignment, and the Successor Agent’s assumption, of all
the rights, powers, privileges and duties of the Resigning Agent under the Note Documents and this Agreement (and the Resigning Agent
hereby agrees to cooperate at the reasonable request of such Guarantor and Grantor, and at the sole cost and expense of such Guarantor
and Grantor, to effect the foregoing).

 

2.05  Note Party Acknowledgement. Each Note Party acknowledges:

 

(a)   that each of the representations and warranties of the Issuer and the other Grantors, as applicable, under Section 3 of the Securities
Purchase Agreement, under each Security Document and under each prior amendment to the Initial Note referred to in the recitals to this
Agreement was made by such Grantor as of the date of such Note Document;

 

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(b)    receipt of the disclosure of the type described in Section 2(e) (Information) of the Securities Purchase Agreement as the Initial
Purchaser may have requested on or prior to the date hereof, including current cash-flow projections of the Issuer and its Subsidiaries
separately provided by the Issuer to the Note Parties as of the date hereof (which projections were prepared by the Issuer in good faith
based upon assumptions the Issuer believes are reasonable as of the date hereof, it being understood that such projections are as to future
events and are not to be viewed as facts, and are subject to significant uncertainties and contingencies, many of which are beyond the
control of the Issuer or any of its Subsidiaries, and that no assurance can be given that any particular projection will be realized and
that actual results during the period covered thereby may differ significantly from the projected results and such differences may be
material); and

 

(c)    notwithstanding each Note Party’s right to rely on the representations and warranties described in clause (a) of this Section
as of the date such representation or warranty was made, except as expressly provided in Article IV of this Agreement, that each
Grantor’s execution and delivery of this Agreement does not constitute any representation or warranty as of the date of this Agreement
as to any matters set forth in the representations and warranties described in clause (a) of this Section, including, without limitation,
any matters set forth in Section 3(m) (Insolvency) of the Securities Purchase Agreement).

 

2.06   Other Acknowledgments. Each party to this Agreement acknowledges:

 

(a)    that Events of Default have occurred and are continuing under the Note Documents as of the date hereof and no waiver of such Events
of Default or agreement to forbear from exercising any rights or remedies under the Note Documents has been agreed by any Note Party under
this Agreement.

 

(b)    that the Issuer will be issuing $6,000,000.00 of new senior notes and each Holder authorizes the Successor Agent, as agent for
the Original Initial Holder to enter into an intercreditor agreement acknowledging the new senior priority notes.

 

ARTICLE
III

CONDITIONS PRECEDENT and post-closing matters

 

3.01  Conditions of Effectiveness. This Agreement shall become effective when, and only when, each of the following conditions
shall have been satisfied:

 

(a)   Delivery. the Successor Agent shall have received counterparts of this Agreement executed by each Grantor, the Initial Holder,
the Resigning Agent;

 

(b)   Representations and Warranties. the representations and warranties of each Grantor contained in Article IV should
be true and correct in all material respects; and

 

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(c)   Consummation of Note Sale Contract. the Note Sale Contract shall have been duly executed and the Closing Date (as defined
in the Note Sale Contract) shall have occurred.

 

3.02   Post-Closing Matters. Promptly after the date hereof, the Obligors agree to use their commercially reasonable efforts to
provide the following, and any other documents as may be reasonably requested or agreed to by the parties:

 

(a)    Amendments to the following Deposit Account Control Agreements:

 

(i)     Pareteum Corporation Capital One, N.A. Springing

 

(ii)    Pareteum Corporation Capital One, N.A. Non-Springing DACA

 

(iii)   Pareteum Corporation Silicon Valley Bank DACA

 

(iv)   Pareteum North America Corp. Silicon Valley Bank DACA

 

(v)    iPass Inc. Silicon Valley Bank DACA

 

(b)   Amendments to Intellectual Property Security Agreements

 

ARTICLE
IV

REPRESENTATIONS AND WARRANTIES

 

In order to induce Circles
to enter into this Agreement, each Grantor, hereby represents and warrants that on and as of the Agreement Effective Date after giving
effect to this Agreement:

 

4.01    Due Authorization; No Conflict. The execution and delivery by each Grantor of this Agreement and the performance by such
Grantor of this Agreement and each Note Document to which such Grantor is a party, as amended and otherwise modified by this Agreement,
have been duly authorized by all necessary corporate or other organizational action of such Grantor, and do not and will not: (a) contravene
the terms of such Grantor’s organizational documents; (b) conflict with or result in any breach or contravention of, or the creation
of any Lien under, or require any payment to be made under (i) any contractual obligation to which such Grantor is a party (other than
the Security Agreement and the other Security Documents) or affecting such Grantor or any properties of such Grantor or (ii) any order,
injunction, writ or decree of any governmental entity or any arbitral award to which such Grantor or any of their property is subject;
or (c) violate any applicable law to which such Grantor or any of their property is subject.

 

4.02    Enforceability. Each of this Agreement and each Note Document to which any Grantor is a party, as amended and otherwise
modified by this Agreement, constitute a legal, valid and binding obligation of such Grantor, enforceable against such Grantor in accordance
with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent conveyance and
moratorium laws and other laws of general application affecting enforcement of creditors’ rights generally.

 

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ARTICLE
V

MISCELLANEOUS

 

5.01   Effect of Agreement. Each Note Document, as such Note Document may be specifically amended or otherwise modified by this
Agreement, is and shall continue to be in full force and effect and is hereby in all respects ratified and confirmed.

 

5.02   Section Captions. Section captions used in this Agreement are for convenience of reference only, and shall not affect the
construction of this Agreement.

 

5.03   Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but
all of which shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement by
telecopy or other electronic means shall be effective as delivery of a manually executed counterpart of this Agreement.

 

5.04   Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written.

 

	 	PARETEUM CORPORATION, as a Grantor
	 	 	 
	 	By:	/s/ Alexander Korff
	 	Name: Alexander Korff
	 	Title: Corporate Secretary
	 	 	 
	 	 	 
	 	PARETEUM NORTH AMERICA CORP., as a 

Grantor and a Guarantor
	 	 	 
	 	By:	/s/ Alexander Korff
	 	Name: Alexander Korff
	 	Title: Corporate Secretary
	 	 	 
	 	 	 
	 	DEVICESCAPE HOLDINGS, INC., as a 

Grantor and a Guarantor
	 	 	 
	 	By:	/s/ Alexander Korff
	 	Name: Alexander Korff
	 	Title: Corporate Secretary
	 	 	 
	 	 	 
	 	IPASS INC., as a Grantor and a Guarantor
	 	 	 
	 	By:	/s/ Alexander Korff
	 	Name: Alexander Korff
	 	Title:   Corporate Secretary

 

	 	IPASS IP LLC, as a Grantor and a Guarantor
	 	 	 
	 	By:	/s/ Alexander Korff
	 	Name: Alexander Korff
	 	Title:   Corporate Secretary
	 	 	 
	 	 	 
	 	PARETEUM EUROPE B.V., as a Grantor and a Guarantor 
	 	 	 
	 	By:	/s/ Alexander Korff
	 	Name: Alexander Korff
	 	Title:   Corporate Secretary 

  

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	 	HIGH TRAIL INVESTMENTS SA LLC

as Resigning Agent

	 	 	 
	 	 	 
	 	By:	/s/ Eric Helenek
	 	Name: Eric Helenek
	 	Title: Authorized Signatory

 

 

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	 	CIRCLES MVNE PTE. LTD.
	 	as Successor Agent
	 	 	 
	 	 	 
	 	By:	/s/ Chee Kiong Mak
	 	Name: Chee Kiong Mak
	 	Title:   Authorized Signatory

 

 

    Second Omnibus Amendment 

     

    

 

 

EXHIBIT A

Amendments to Securities Purchase Agreement

 

[Intentionally omitted]

 

 

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EXHIBIT B

Amended Schedule of Buyers

 

[Intentionally omitted]

 

 

 

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