Inventergy, Inc. entered into an agreement of merger and plan of reorganization to acquire eOn Communications Corporation (NasdaqCM:EONC) in a reverse merger transaction on December 17, 2013. As a part of consideration, eOn Communications Corporation will issue 32.5 million shares of eOn Common Stock in exchange for the shares of Inventergy common stock indicating that each outstanding share of Inventergy common stock will be exchanged for 2.8278 shares of eOn common stock. Each share of Inventergy Series A-1 convertible preferred stock will be exchanged for one share of eOn series A-1 convertible preferred stock, and each share of Inventergy series A-2 convertible preferred stock are exchanged into one share of eOn series A-2 preferred stock. Upon the effectiveness of the merger, all outstanding options and warrants to purchase Inventergy common stock will be converted into options and warrants to purchase eOn common stock based upon the exchange ratio.

Post acquisition, eOn Communications will be renamed as Inventergy Global, Inc. All of the Directors and officers of eOn Communications as of immediately prior to the closing shall resign from all their positions and offices will appoint Directors and officers from Inventergy, Inc. Stephen Swartz, the current Principal Executive Officer of eOn , will enter into an employment agreement with either eOn or eOn Subsidiary. The deal is subject to approval of shareholders and preferred stock holders of eOn Communications. Transaction is also subject to effectiveness of the registration statement to be filed by eOn and exchange listing approval. Deal also requires the completion of each of the transition transactions and ancillary deals. Transaction is also subject to regulatory approval, legal advisor, Ellenoff Grossman & Schole LLP's opinion, in form and substance reasonably satisfactory to eOn, legal advisor, Baker Donelson, Bearman, Caldwell & Berkowitz, PC's opinion, in form and substance reasonably satisfactory to Inventergy, approval for continued listing on NASDAQ, lock up agreement receipt, resignation of Directors and creation of new eOn subsidiary by the name “eOn Communications Systems, Inc”. eOn also needs to set aside funds or declare dividend in the aggregate amount of $1.65 million. As a condition to closing of the deal, eOn will file with the Secretary of State the amended Certificate of Incorporation. The Board of Directors of Inventergy have approved the transaction.

The Board of Directors of eOn have unanimously resolved to recommend that its stockholders adopt the agreement. The Board of Directors of Inventergy and eOn have each determined that it is fair to and in the best interests of their respective corporations and stockholders. The merger is expected to close in the first quarter of 2014. As of On April 23, 2014, second amendment extends the deadline for closing the transaction from June 1, 2014 to June 30, 2014. The special meeting of eOn stockholders is scheduled to be held on June 3, 2014.

As on JunE 3, 2014, at the special meeting of their stockholders held on June 3, 2014 and June 2, 2014 respectively, the merger of eOn and Inventergy was approved. The transaction is expected to be consummated on June 6, 2014, subject to satisfaction of all closing conditions. In connection with the merger, a one-for-two reverse split of the eOn common stock will be implemented. At the effective time of the merger, and without further action of the eOn stockholders, every two shares of eOn's pre-split common stock will be automatically converted into one share of post-split common stock. In addition, in connection with the merger, 1.4139 shares will be issued in exchange for each share of Inventergy common stock. The split-adjusted common stock of the combined company, which will be named Inventergy Global, Inc. is expected to commence trading on the NASDAQ Capital Market under the symbol INVTD on June 9, 2014. Continental Stock Transfer & Trust Company, Inventergy Global, Inc.'s transfer agent, will act as exchange agent for the exchange.

Joseph Smith of Ellenoff Grossman & Schole LLP acted as legal advisor for Inventergy, Inc. Jackie G. Prester of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC acted as legal advisor for eOn Communications Corporation.