Corporate GuarantyCorporate Guaranty • May 23rd, 2017 • Net Element, Inc. • Services-computer processing & data preparation
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and as an inducement to Priority Payment Systems LLC (“Priority”) to engage in a funding transaction with TOT Payments, LLC, a Florida limited liability company (doing business as Unified Payments), TOT New Edge, LLC, a Florida limited liability company, Process Pink, LLC, a Florida limited liability company, and TOT FBS, LLC, a Florida limited liability company (collectively, the “Borrower”), the undersigned, Net Element, Inc. (the "Guarantor"), unconditionally guarantees to Priority the full and prompt payment of each and every present and future liability, debt and obligation of Borrower under the Loan Agreement, Security Agreement, Promissory Note, Note Schedule, and other related documents (hereinafter “Loan Documents”) pertaining to such funding transaction, as at any time amended, supplemented, renewed or modified (the “Guaranteed Obligations”).
LOAN AGREEMENTLoan Agreement • May 23rd, 2017 • Net Element, Inc. • Services-computer processing & data preparation • Georgia
THIS LOAN AGREEMENT, made as of the 18th day of May, 2017 (the “Effective Date”), is by and between Priority Payment Systems LLC d/b/a Cynergy Data, a Georgia limited liability company (“Lender”), and TOT Payments, LLC, a Florida limited liability company (doing business as Unified Payments), TOT New Edge, LLC, a Florida limited liability company, Process Pink, LLC, a Florida limited liability company, and TOT FBS, LLC, a Florida limited liability company (collectively, the “Borrower”).
SECURITY AGREEMENTSecurity Agreement • May 23rd, 2017 • Net Element, Inc. • Services-computer processing & data preparation • Georgia
THIS SECURITY AGREEMENT (this “Agreement”), dated May 18, 2017, is made and entered into on the terms and conditions hereinafter set forth, by and between TOT Payments, LLC, a Florida limited liability company (doing business as Unified Payments), TOT New Edge, LLC, a Florida limited liability company, Process Pink, LLC, a Florida limited liability company, and TOT FBS, LLC, a Florida limited liability company (collectively, the “Debtor”), and Priority Payment Systems LLC, a Georgia limited liability company (the “Secured Party”).
