AMENDMENT OF SETTLEMENT AGREEMENTOf Settlement Agreement • May 25th, 2017 • Net Element, Inc. • Services-computer processing & data preparation
This Amendment of Settlement Agreement (this “Amendment”) dated as of May 20, 2017 (the “Effective Date”) is made by and between by Net Element Inc., a Delaware corporation (the “Guarantor”) and Maglenta Enterprises Inc., a company incorporated and existing in the Republic of Seychelles (“Maglenta”) and Champfremont Holding Ltd., a company incorporated and existing in the Republic of Seychelles (“Champfremont” together with Maglenta are collectively, the “Sellers”) (the “Sellers” and Guarantor are, collectively, the “Parties”).
