Document:

Exhibit 10.2

 

CONVERTIBLE NOTE REDEMPTION AND ADJUSTMENT AGREEMENT

 

THIS CONVERTIBLE NOTE REDEMPTION AGREEMENT (“Agreement”)
is made as of October 9, 2017, (the “Effective Date”) by and between Next Group Holdings, Inc., a Florida corporation
(the “Company”) Cerberus Finance Group, Ltd (“Creditor”) and LimeCom, Inc. (“LimeCom”).

 

The parties agree as follows:

 

		1.	Redemption of Cerberus Finance Group, Ltd Notes.
Cerberus Finance Group, Ltd. was issued the convertible notes of the Company (collectively, the “Note”) set forth
on the chart below:

 

	 	Note Date	 	Note Amount	 	 	Note Balance on Effective 
Date Including Interest & 
28% Premium 
(as of 9/11/17)	 
	 	1/15/16	 	$	131,250.00	 	 	$	185,934.31	 
	 	3/8/16	 	$	50,000.00	 	 	$	80,376.03	 

 

The
aggregate Note balance above is deemed the “Principal”. The Principal along with a premium of 28% Principal is referred
to as the “Cumulative Principal”. The Cumulative Principal shall be repaid on or prior to the dates and in the amounts
no less than those listed on the chart below. After receipt of each payment the outstanding balances shall be recalculated including
cumulative interest.

 

	 	Repayment #	 	Repayment Date	 	Repayment Amount	 
	 	1	 	November 9, 2017	 	$	11,000	 
	 	2	 	December 9, 2017	 	$	11,000	 
	 	3	 	January 9, 2018	 	$	11,000	 
	 	4	 	February 9, 2018	 	$	11,000	 
	 	5	 	March 9, 2018	 	$	11,000	 
	 	6	 	April 9, 2018	 	$	11,000	 
	 	7	 	May 9, 2018	 	$	11,000	 
	 	8	 	June 9, 2018	 	$	11,000	 

 

In the event the Company is
able to redeem 70% of the Cumulative Principal on or prior to December 31, 2017 then the parties agree the remaining 30% of
the principal amounts outstanding plus accrued interest May be converted by the Creditor beginning on June 19, 2018 at a
fixed conversion price of $0.05 per share. In the event the Company has not paid at least 70% of the Cumulative Principal by
December 31, 2017 then the conversion price for the remaining principal and accrued interest shall be fixed at $0.02 per
share.

 

     

     

    

 

The Company covenants that
it will use 30% of the total gross proceeds raised in any financing to retire the outstanding balances owed to the Creditor. Such
payments must be made within 5 business days of receipt of funds or the fixed conversion price floor shall revert to .02 on any
Note.

 

In the event the Company
fails to make a redemption payment in the specified redemption amount within 5 business days of the Repayment Date set forth above,
the total balance of the principal and all interest accrued on the notes will increase by 20%.

 

		2.	Release
                                         of Reserve Shares. Provided that every other closing condition in the transaction
                                         between the Company and LimeCom has been met, the Creditor agrees to release 5,336,560
                                         shares from its reserve solely for the purpose of those 5,336,560 shares being
                                         issued to LimeCom in certificate format, which will be delivered back to the Creditor,
                                         along with medallion stock powers. LimeCom and the Company will irrevocably instruct
                                         the Company’s transfer agent to deliver the 5,336,560 shares certificate
                                         directly to the Creditor. In the event the Company fails to make a redemption payment
                                         in the specified redemption amount within 5 business days of the Repayment Date set forth
                                         above, the certificate will be returned to the Company’s transfer agent for cancellation
                                         and the 5,336,560 shares shall be returned to the reserve account of the Creditor.

 

		3.	8K for Limecom Transaction. Within 4 calendar days
of the closing of the LimeCom transaction, the Company MUST file an 8K announcing such filing or the 5,336,560 shares certificate
shall be returned for cancellation and the 5,336,560 shares shall be returned to the Creditor reserve.

 

		4.	General Provisions:

 

		a.	This Agreement shall be governed by the laws of the State
of New York. This Agreement represents the entire Agreement between the parties with respect to the redemption of the Note and
may only be modified or amended in writing signed by both parties.

 

		b.	Any notice, demand or request required or permitted to
be given by either the Company or the Creditor pursuant to the terms of this Agreement shall be in writing and shall be deemed
given when delivered personally or deposited in the U.S. mail, First Class with postage prepaid, and addressed to the parties
at the addresses of the parties set forth at the end of this Agreement or such other address as a party may request by notifying
the other in writing.

 

		c.	Either party’s failure to enforce any provision or
provisions of this Agreement shall not in any way be construed as a waiver of any such provision or provisions, nor prevent that
party thereafter from enforcing each and every other provision of this Agreement. The rights granted both parties herein are cumulative
and shall not constitute a waiver of either party’s right to assert all other legal remedies available to it under the circumstances.

 

		d.	Each party agrees upon request to execute any further documents
or instruments reasonably necessary to carry out the purposes or intent of this Agreement.

  

    	 	2	 

     

    

 

IN WITNESS WHEREOF, the parties
have duly executed this Agreement as of the day and the year first set forth above.

 

	NEXT GROUP HOLDINGS, INC.	 	CERBERUS FINANCE GROUP, LTD
	 	 	 	 	 
	By:	/s/ Arik Maimon	 	By:	/s/ Alberto Dayan
	Name:	Arik Maimon	 	Name:	Alberto Dayan
	Title:	CEO	 	Title:	Manager
	Date:	October 9, 2017	 	Date:	October 9, 2017

 

	LIMECOM, INC.	 
	 	 	 
	By:	/s/ Orlando Taddeo	 
	Name: 	Orlando Taddeo	 
	Title:	CEO	 
	Dated:	October 9, 2017	 

 

 

3Exhibit 10.3 

 

AMENDMENT TO NEXT GROUP HOLDINGS,
INC. 

  

CONVERTIBLE NOTE REDEMPTION AND LOCK-UP
AGREEMENT 

 

 

 

THIS AMENDMENT #3 TO THE CONVERTIBLE NOTE REDEMPTION AGREEMENT
(“Agreement”) originally entered into as of March 23, 2017 (the “Original Agreement”) is made
as of September 18, 2017, (the “Effective Date”) by and between Next Group Holdings, Inc., a Florida corporation (the
“Company”) and Quarum Holdings LLC, a New York Limited Liability Company (“Creditor”).

 

WHEREAS , the parties desire to
amend the Original Agreement to read as set forth below

 

THEREFORE , the parties agree
as follows:

 

	 	1. 	Section 3 of the Original Agreement is amended to read as follows: Lock-Up Period. The Creditor agrees that until the decribed dates herein below, the following terms and conditions ratify and are changed and accepted to by the Company and the Creditor effective today September 18, 2017 moving forward, it will  modify all  conversions under any Note, related to this amendment and original Agreement. 

 

	 	2. 	The redemption rights in Section 2 of the Original Agreement shall be governed by this addendum . 

 

	 	3. 	General Provisions: 

 

	 	a. 	This Agreement shall be governed by the laws of the State of New York. This Agreement represents the entire Agreement between the parties with respect to the redemption of the Note and may only be modified or amended in writing signed by both parties. 
	 	 	 

 

	 	b. 	Any notice, demand or request required or permitted to be given by either the Company or the Creditor pursuant to the terms of this Agreement shall be in writing and shall be deemed given when delivered personally or deposited in the U.S. mail, First Class with postage prepaid, and addressed to the parties at the addresses of the parties set forth at the end of this Agreement or such other address as a party may request by notifying the other in writing. 
	 	 	 

 

	 	c. 	Either party’s failure to enforce any provision or provisions of this Agreement shall not in any way be construed as a waiver of any such provision or provisions, nor prevent that party thereafter from enforcing each and every other provision of this Agreement. The rights granted both parties herein are cumulative and shall not constitute a waiver of either party’s right to assert all other legal remedies available to it under the circumstances. 
	 	 	 

 

	 	d. 	Each party agrees upon request to execute any further documents or instruments reasonably necessary to carry out the purposes or intent of this Agreement. 
	 	 	 

 

	 	e. 	
        The Creditor agrees to to the following business terms between
        Parties.

         

        1)      
        $ ______ per month payments inclusive of ALL the current convertible note holders cumulatively
        paid by the Company towards said principal over 12 months.

         

        2)      
        The Company shall buy 70% of all notes between the Creditor and the Company. If anything less
        than 12 months less than 12 -8 months then Company shall not buy 70% of all notes between The Creditor and the Company, the company
        shall buy 55% of all outstanding notes between the Creditor and the Company. 

        3)      
        The key here is as follow, when and if Pipe money comes in for NXGH on or before Dec-31-17
        and we can pay this year the 70% than the 30% remaining will be converted at 0.05 per share. 

        4)      
        If the Company does not pay you the 70% on or before Dec-31 the floor shall be lowered down
        to 0.02

         

        5)      
        If the company is doing reverse split then the Creditor shares, shall reserve split as well.
        

         

         

        6)      
        Default status is upon if we miss 2 payments or thereafter. 

         

        7)      
        A monthly reconciliation shall take place after every payment. the principle amount go down
        and we need to reconcile month by month. 

         

         

        8)      
        Concurrence and Agreement of release of reserve of shares as discussed between the Creditor
        , the Company shall be memorialized and sent to the Transfer Agent of Record of the Company.

         

	 	 	 

 

	 	f. 	The Creditor agrees to release all reserve shares with the Company Transfer agent. 

 

    

     

    

 

 

IN WITNESS WHEREOF , the parties have duly executed
this Agreement as of the day and the year first set forth above.

  

	NEXT GROUP HOLDINGS, INC. 	 	QUARUM HOLDINGS, LLC 
	 	 	 	 	 
	By: 	/s/ Arik Maimon 	 	By: 	/s/ Dennis Ringer 
	Name: 	Arik Maimon 	 	Name: 	Dennis Ringer 
	Title: 	CEO 	 	Title: 	Manager 
	 	 	 	 	 
	Date: 	September  18, 2017 	 	Date: 	September  18, 2017

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