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Net Element units amend credit facility

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Net Element units amend credit facility

Net Element Inc.units TOT Group Inc., TOT Payments LLC, TOT BPS LLC, TOT FBS LLC, Process Pink LLC,TOT HPS LLC and TOT New Edge LLC on May 2 entered into an amendment to a loan andsecurity agreement with RBL Capital Group LLC.

The amendment renews the term of the credit facility for an additional22 months and raises the maximum funding amount for the facility to $15 millionfrom $10 million, according to a Form 8-K filed May 4.