Exhibit 4.2
Execution Version
PARETEUM CORPORATION
AMENDMENT NO. 1 TO WARRANT TO PURCHASE COMMON STOCK
ThisAmendment No. 1 to Warrant to Purchase Common Stock (this “Amendment”) is entered into as of March 31, 2017, betweenPareteum Corporation, a Delaware corporation (the “Company”) andACM Carry-I LLC (the “Holder”).
Reference is made to that certain Warrant to Purchase Common Stock (the “Warrant”) issued by the Company in favor of the Holder having the original issue date of December 27, 2016. Capitalized terms used herein and not otherwise defined shall have the meanings given to them in the Warrant. The Warrant originally granted Holder the right to purchase up to a total of 4,773,817 shares of Common Stock at an initial Exercise Price of $0.13 per share, which were subsequently adjusted to 190,953 Warrant Shares and a $3.25 Exercise Price pursuant toSections 9(a) and9(c) of the Warrant, respectively, in order to give effect to the Company’s reverse stock split effected February 27, 2017. The parties to that certain First Amendment to Amended and Restated Credit Agreement dated on or about the date hereof have agreed to further modifications to the Warrant.
Upon execution of this Amendment, the Warrant is hereby amended as follows:
(a) The Warrant Shares shall be increased to 216,900 shares of Common Stock, subject to further adjustment as provided inSection 9 of the Warrant, as amended hereby.
(b) The Exercise Price shall be adjusted to $1.305 per share.
(c) Paragraph (d) (Certain Rights Offerings) ofSection 9 of the Warrant is hereby amended and restated as follows:
“(d) [Intentionally omitted.]”
(d) Paragraph (h) (Minimum Percentage) ofSection 9 of the Warrant is hereby amended and restated as follows:
“(h) [Intentionally omitted.]”
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This Amendment and the Warrant set forth in full all of the representations and agreements between the parties with respect to the subject matter hereof and supersede all prior discussions, representations, agreements and understandings between the parties with respect to the subject hereof. Except as herein expressly amended, all of the terms and provisions of the Warrant shall continue in full force and effect and the same are hereby ratified and confirmed. This Amendment is deemed attached to and made part of the Warrant instrument, which all together shall comprise the Warrant instrument.
COMPANY
Pareteum Corporation
By: /s/ Alexander Korff Name: Alexander Korff Title: General Counsel
| HOLDER:
ACM Carry-I LLC
By: /s/ Raymond Chan Name: Raymond Chan Title: Authorized Signatory |
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