Inventergy Global, Inc. (NasdaqCM:INVT) entered into a patent rights assignment agreement to acquire 182 issued patents and pending patent applications from Huawei Technologies Co., Ltd. on May 15, 2013. As consideration, Inventergy agreed to make an up-front payment of $4 milliobn to Huawei, make an additional one-time payment to Huawei upon Inventergy earning a certain amount of revenue from the assets and to share a certain percentage of the quarterly net revenue earned on the assets with Huawei. In the event that Inventergy underpays Huawei by five percent (5%) or more on any payment due to Huawei, Inventergy will be charged a late fee.

Inventergy Global, Inc. (NasdaqCM:INVT) completed the acquisition of 182 issued patents and pending patent applications from Huawei Technologies Co., Ltd. on May 15, 2013.