PLEDGE AGREEMENTPledge Agreement • March 12th, 2013 • Net Element International, Inc. • Services-computer processing & data preparation • Florida
This PLEDGE AGREEMENT (this “Agreement”), dated as of March 8, 2013, made by OLEG FIRER, an individual having an address at 3363 NE 163rd Street, Suite 705, North Miami Beach, Florida 33160 and Georgia Notes 18 LLC, a Florida limited liability company, having an address at 4000 NE 168th Street, Unit 101, North Miami Beach, FL 33160 (each, a “Pledgor” and collectively, the “Pledgors”), for the benefit of NET ELEMENT INTERNATIONAL INC., a Florida corporation, having an address at 1450 S. Miami Avenue, Miami, Florida 33130 (“Lender”).
LOAN AGREEMENTLoan Agreement • March 12th, 2013 • Net Element International, Inc. • Services-computer processing & data preparation • Florida
LOAN AGREEMENT (this “Agreement”) dated as of March 8, 2013 (the “Effective Date”) among NET ELEMENT INTERNATIONAL INC., a Delaware corporation (“Lender”), UNIFIED PAYMENTS, LLC, a Delaware limited liability company (“Borrower”) and OLEG FIRER and Georgia Notes 18 LLC, a Florida limited liability company, as guarantors (each, a “Guarantor” and collectively, the “Guarantors”). The parties agree as follows:
SECURED REVOLVING NOTE (EXECUTED AND DELIVERED IN ____________________)Secured Revolving Note • March 12th, 2013 • Net Element International, Inc. • Services-computer processing & data preparation
This Revolving Note is the Revolving Note referred to in, and is executed and delivered in connection with, that certain Loan Agreement dated as of March 8, 2013, by and between Lender, Borrower and certain Guarantors thereunder (as the same may from time to time be amended, modified or supplemented in accordance with its terms, the “Loan Agreement”), and is entitled to the benefit and security of the Loan Agreement and the other Loan Documents (as defined in the Loan Agreement), to which reference is made for a statement of all of the terms and conditions thereof. All payments shall be made in accordance with the Loan Agreement. All terms defined in the Loan Agreement shall have the same definitions when used herein, unless otherwise defined herein. An Event of Default under the Loan Agreement shall constitute a default under this Revolving Note.
NON-RECOURSE GuarantyNon-Recourse Guaranty • March 12th, 2013 • Net Element International, Inc. • Services-computer processing & data preparation • Florida
This NON-RECOURSE GUARANTY (this “Guaranty”) is executed as of March 8, 2013 by OLEG FIRER, an individual having an address at 3363 NE 163rd Street, Suite 705, North Miami Beach, Florida 33160 and Georgia Notes 18 LLC, a Florida limited liability company, having an address at 4000 NE 168th Street, Unit 101, North Miami Beach, FL 33160 (each, a “Guarantor” and collectively, the “Guarantors”), for the benefit of NET ELEMENT INTERNATIONAL INC., a Florida corporation, having an address at 1450 S. Miami Avenue, Miami, Florida 33130 (“Lender”).
