AMENDMENT NO. 1 TO LOAN AND SECURITY AGREEMENT DATED AS OF JUNE 30, 2014Loan and Security Agreement • May 4th, 2016 • Net Element, Inc. • Services-computer processing & data preparation • New York
This Amendment No. 1 (“Amendment”), effective as of May 2, 2016 (“Amendment Effective Date”), is made by and between RBL Capital Group, LLC (“RBL”), and TOT Group, Inc. ("TOT"), TOT Payments, LLC (“Payments”), TOT BPS, LLC (“BPS”), TOT FBS, LLC (“FBS”), Process Pink, LLC (“Pink”), TOT HPS, LLC (“HPS”) and TOT New Edge, LLC (“New Edge”). (TOT, Payments, BPS, FBS, Pink, HPS and New Edge, jointly and severally, “Co-Borrowers”.)
