Document:

fsnn_ex1092.htm

Exhibit 10.92

JOINDER AGREEMENT

 

This JOINDER AGREEMENT is entered into as of December 31, 2013, by and among FUSION TELECOMMUNICATIONS INTERNATIONAL, INC., a Delaware corporation (“Parent”), FUSION NBS ACQUISITION CORP., a Delaware corporation (“Borrower”), each other direct and indirect subsidiary of Parent from time to time party to the Purchase Agreement referenced below (together with the Parent, the “Guarantors), FUSION BVX LLC, a Delaware limited liability company (the “New Guarantor” and together with the Borrower and the Guarantors, the “Credit Parties”) in favor of PRAESIDIAN CAPITAL OPPORTUNITY FUND III, LP, a Delaware limited partnership (“Fund III”), PRAESIDIAN CAPITAL OPPORTUNITY FUND III-A, LP, a Delaware limited partnership (“Fund III-A”),  PLEXUS FUND II, L.P., a Delaware limited partnership (“Plexus II”), PLEXUS FUND III, L.P., a Delaware limited partnership (“Plexus III”), PLEXUS FUND QP III, L.P., a Delaware limited partnership (“Plexus QP III”), UNITED INSURANCE COMPANY OF AMERICA, an Illinois corporation (“United” and together with Fund III, Fund III-A, Plexus II, Plexus III and Plexus QP III and each of their successors and assigns, each a “Lender”, and collectively, the “Lenders”), and Fund III as agent for the Lenders (in such capacity, the “Agent”).

 

WHEREAS, Credit Parties, Lenders and Agent are entering into that certain Amended and Restated Securities Purchase Agreement and Security Agreement, dated as of December 31, 2013 (as amended from time to time, the “Purchase Agreement”), and are parties to various of the Transaction Documents described therein.  Any capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Purchase Agreement.

 

WHEREAS, in connection with the transactions contemplated by the BVX Acquisition Agreement, Borrower is creating, and acquiring all of the Equity Interests in, the New Guarantor.

 

WHEREAS, as an inducement to the Lenders and the Agent to enter into the Purchase Agreement, New Guarantor has agreed to become a party to the Pledge Agreement as provided herein.

 

NOW THEREFORE, the parties hereto agree as follows:

 

1. The New Guarantor hereby agrees (A) to become, and does hereby become, a “Pledgor” under the Pledge Agreement and (B) to be bound by the Pledge Agreement as if originally a party thereto as a “Pledgor,” and each of the Credit Parties consents to the pledge of the Equity Interests and the grant of the security interests under the Pledge Agreement and ratifies and confirm in all respects the Pledge Agreement.

 

2. Each of the Credit Parties hereby jointly and severally represent and warrant that the schedule attached hereto as Attachment 1 is true and correct in all respects and such schedule sets forth all information required to be scheduled under Section 3.01 of the Pledge Agreement with respect to the Pledged Equity Interests, including without limitation, as such term applies to the New Guarantor.  The Pledge Agreement is hereby amended to replace Schedule 3.01 with the schedule attached hereto as Attachment 1.  The Credit Parties hereby jointly and severally represent and warrant that all of the representations and warranties contained in the Pledge Agreement as hereby amended are true and correct in all respects as of the date hereof and that after giving effect to this Joinder Agreement and the transactions contemplated hereby, no Default or Event of Default has occurred and is continuing.

 

3. From and after the date hereof, (A) the Pledge Agreement, the other Transaction Documents and all agreements, instruments and documents executed and delivered in connection with any of the foregoing shall each be deemed amended hereby to the extent necessary, if any, to give effect to the provisions of this Joinder Agreement and (B) all references in any Transaction Document to “this Agreement”, “hereto”, “hereof”, “hereunder” or words of like import referring to such Transaction Document, shall mean such Transaction Document, as amended hereby.

 

4. The Transaction Documents shall continue in full force and effect, as amended hereby.

 

[Signature Page Follows]

 

  

  

  

 

IN WITNESS WHEREOF, the parties hereto have executed this Joinder Agreement as of December 31, 2013.

 

	 	FUSION NBS ACQUISITION CORP.	 
	 	 	 	 
	
Borrower:  

	
By: 

	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 

	Guarantors:	
FUSION TELECOMMUNICATIONS 

INTERNATIONAL, INC.

	 
	 	 	 	 
	
 

	
By: 

	 	 
	 	 	Name: 	 
	 	 	Title: 	 
	 	 	 	 

 

	 	 
NETWORK BILLING SYSTEMS, LLC

	 
	 	 	 	 
	
 

	
By: 

	 	 
	 	 	Name: 	 
	 	 	Title: 	 

 

	 	 	 	 

	 New Guarantor: 	FUSION BVX LLC	 
	 	 	 	 
	
 

	
By: 

	/s/ 	 
	 	 	Name: 	 
	 	 	Title: 	 
	 	 	 	 

[SIGNATURE PAGE TO JOINDER AGREEMENT]

  

2

  

Attachment 1

Schedule 3.01 to Pledge Agreement

(See Attached)

  

3

  

 

SCHEDULE 3.01

PLEDGED EQUITY INTERESTS

	
COMPANY

	
OWNER OF EQUITY 

INTEREST

	
CERTIFICATE 

NO.

	
NO. OR % OF 

SHARES/UNITS

	
% 

OWNERSHIP

	 
Fusion NBS Acquisition Corp.

	 
Fusion Telecommunications International, Inc.

	 1	 
100 shares

	 
100

	
Network Billing Systems, LLC

	
Fusion NBS Acquisition Corp.

	
1

	
100%

	
100

	
Fusion BVX LLC

	
Fusion NBS Acquisition Corp.

	
1

	
100%

	
100%

The Pledgors own no Uncertifcated Membership Interests.

 

4fsnn_ex1093.htm

Exhibit 10.93

 

ASSIGNMENT AND ASSUMPTION AGREEMENT

 

This Assignment and Assumption Agreement (the “Assignment and Assumption Agreement”) is made and entered into as of December 31, 2013 by and among BROADVOXGO!, LLC, a Delaware limited liability company (“Broadvox”) and CYPRESS COMMUNICATIONS, LLC, a Delaware limited liability company (“Cypress” and together with Broadvox, “Assignors”), pursuant to that certain Asset Purchase and Sale Agreement dated as of August 30, 2013 (the “Purchase Agreement”) by and among Assignors, FUSION TELECOMMUNICATIONS INTERNATIONAL, INC., a Delaware corporation (“Fusion”) and FUSION BVX, LLC fka FUSION BROADVOX ACQUISITION CORP., a Delaware limited liability company (“FBVX” and together with Fusion, “Assignees”).

 

WHEREAS, Assignors and Assignees are Parties to the Purchase Agreement, pursuant to which Assignors have agreed to sell and Assignees have agreed to purchase the Acquired Assets, and as partial consideration therefore, to assume the Assumed Liabilities to the extent provided in the Purchase Agreement; and

 

WHEREAS, pursuant to the Purchase Agreement, Assignors have agreed to assign certain rights and agreements to Assignees, and Assignees have agreed to assume certain obligations of Assignors, as set forth therein.

 

NOW THEREFORE, for and in consideration of the premises and the mutual covenants contained herein and in the Purchase Agreement, and for other good and valuable consideration, the receipt, adequacy and legal sufficiency of which are hereby acknowledged, the parties do hereby agree as follows:

 

1. Capitalized Terms. Capitalized terms used but not defined herein shall have the meanings for such terms that are set forth in the Purchase Agreement.

 

2. Assignment and Assumption. Assignors hereby assign, sell, transfer and set over (collectively, the “Assignment”) to Assignees all of the Acquired Assets, including but not limited to the Assumed Contracts and the Assumed Liabilities. Assignees hereby accept the Assignment and assume the Acquired Assets, including but not limited to the Assumed Contracts and the Assumed Liabilities, and agree to observe and perform all of the duties, obligations, terms, provisions and covenants of, and to pay and discharge, all of the Assumed Liabilities to the extent provided in the Purchase Agreement. Assignees assume no Excluded Liabilities, and the parties hereto agree that all such Excluded Liabilities shall remain the sole responsibility of Assignors.

 

3. Purchase Agreement Conflicts. In the event of any conflict or inconsistency between the terms of the Purchase Agreement and the terms hereof, the terms of the Purchase Agreement shall govern.

 

4. Further Actions. To the extent provided in the Purchase Agreement, Assignors covenant and agree to execute and deliver, at the request of Assignees, such further instruments of transfer and assignment and to take such other action as Assignees may reasonably request to more effectively consummate the assignments and assumptions contemplated by this Assignment and Assumption Agreement.

 

5. Consent to Assignment. This Assignment and Assumption Agreement shall not constitute an assignment of any claim, contract, permit, franchise, or license if the attempted assignment thereof, without the consent of the other party thereto, would constitute a breach of such claim, contract, permit, franchise, or license or in any way adversely affect the rights of Assignors thereunder. If such consent is not obtained, or if any attempted assignment thereof would be ineffective or would adversely affect the rights of Assignors thereunder so that Assignees would not in fact receive all such rights, then the provisions of Section 6.15 of the Purchase Agreement shall apply.

 

6. No Additional Remedies. Nothing in this instrument, express or implied, is intended or shall be construed to confer upon, or give to, any person, firm or corporation other than Assignees and their successors and assigns, any remedy or claim under or by reason of this instrument or any terms, covenants or conditions hereof, and all the terms, covenants and conditions, promises and agreements contained in this instrument shall be for the sole and exclusive benefit of Assignees and their successors and assigns.

 

     7.  Incorporation by Reference of Certain Provisions of the Purchase Agreement.  The provisions of Sections 10.1 (Expenses), 10.2 (Notices), 10.6 (Headings), 10.7 (Counterparts; Facsimile/Email Signatures), 10.8 (Governing Law, Mediation; Venue), and 10.12 (Delays and Omissions; Waiver) of the Purchase Agreement shall apply to this Assignment and Assumption Agreement are and hereby incorporated by reference.

8.   Successors and Assigns.  This Assignment and Assumption Agreement and the covenants and agreements contained herein shall survive the Closing and shall inure to the benefit of and be binding on Assignees and Assignors and their respective successors and assigns.

9.  Entire Agreement; Amendment.  This Assignment and Assumption Agreement, the Purchase Agreement and the documents contemplated thereby constitute the entire understanding of Assignors and Assignees with respect to the subject matter hereof. This Assignment and Assumption Agreement may not be amended except in a writing signed by Assignors and Assignees.

 

 

[SIGNATURE PAGE FOLLOWS]

 

  

  

  

IN WITNESS WHEREOF, Assignors and Assignees have caused this Assignment and Assumption Agreement to be executed as of the 31st day of December 2013.

	
BROADVOXGO!, LLC

(“BROADVOX”)

	 	
CYPRESS COMMUNICATIONS, LLC

(“CYPRESS”)

 

	
 

By: /s/Andre Temnorod

	 	
 

By: Eugene Blumin

	  	 	  
	
Title: Chief Executive Officer

	 	
Title: President

 

	
FUSION TELECOMMUNICATIONS INTERNATIONAL, INC. (“FUSION”)

	 	
FUSION BVX, LLC (“FBVX”)

	  	 	  
	
By: Gordon Hutchins, Jr.

	 	
By: Gordon Hutchins, Jr.

	  	 	  
	
Title: President

	 	
Title: President

	  	 	  

2

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