Agreement for the Purchase and Sale of Membership Interest Sample Contracts

CLOSING MEMORANDUM
Agreement for the Purchase and Sale of Membership Interest • February 6th, 2019 • KonaTel, Inc. • Communications services, nec

This Closing Memorandum (the “Closing Memorandum”) is executed as of January 31, 2019, in connection with the closing (the “Closing”) of that certain Agreement for the Purchase and Sale of Membership Interest dated as of February 5, 2018, as amended (the “PSMI”), by and among KonaTel, Inc., a Delaware corporation (“KonaTel”), the “Purchaser” therein; and Trevan Morrow (“Morrow”) the “Seller” therein, along with Jennifer Morrow (“Ms. Morrow”), Morrow’s spouse (solely regarding the provisions of Section 10.12 thereof), and IM Telecom, LLC, an Oklahoma limited liability company (“IM Telecom”), the sale of 100% of the membership interest of which is the subject of the PSMI (solely regarding the provisions of Sections 4 and 6.8 thereof). The foregoing are sometimes referred to herein as a “Party,” and collectively, as the “Parties.” All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the PSMI Transaction Documents (as defined below); and all “Exhib

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FIRST AMENDMENT TO AGREEMENT FOR THE PURCHASE AND SALE OF MEMBERSHIP INTEREST
Agreement for the Purchase and Sale of Membership Interest • February 6th, 2019 • KonaTel, Inc. • Communications services, nec

This First Amendment to Agreement for the Purchase and Sale of Membership Interest is entered into as of April 30, 2018, by and between Trevan Morrow (the “Seller”) and KonaTel, Inc., a Delaware corporation (the “Purchaser”), and is intended to amend that certain Agreement for the Purchase and Sale of Membership Interest (the “Agreement”) dated February 5, 2018 (the “Agreement”) between the same parties, as is set forth below.

SECOND AMENDMENT TO AGREEMENT FOR THE PURCHASE AND SALE OF MEMBERSHIP INTEREST
Agreement for the Purchase and Sale of Membership Interest • February 6th, 2019 • KonaTel, Inc. • Communications services, nec

This Second Amendment to Agreement for the Purchase and Sale of Membership Interest (the “Agreement”) dated and effective as of December 31, 2018, is made by and between Trevan Morrow (the “Seller”), and KonaTel, Inc., a Delaware corporation (the “Purchaser”) (each a “Party” and collectively, the “Parties).

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