Inventergy Global, Inc. (OTCPK:INVT) announced that it has entered into a securities purchase agreement of senior secured convertible redeemable debentures for $2,400,000 on December 29, 2017. On the same day company received funding from TCA Global Credit Master Fund, LP, a fund managed by Trafalgar Capital Advisors LTD. The debentures will carry an interest rate of 17% per annum, with such interest payable monthly beginning on January 29, 2018. Upon and during the continuance of an Event of Default (as defined in the Debentures), the cash interest rate will increase by an additional 7% per annum. The company announced that the repayment of the debentures will be made in 18 monthly payments beginning on July 28, 2018. The company may prepay the debentures in whole or in part without penalty or premium and the investor may purchase up to additional $4,000,000 of debentures, subject to the mutual agreement of the parties. The company also announced that it will issue up to an additional $1,600,000 amount of debentures to the investor. In addition, the company issued to the investor a fee debenture in the amount of $3,500,000. The fee debenture will bear interest at 8% per annum, with interest payable in cash on a monthly basis beginning on January 29, 2018. The investor may convert all or any portion of the outstanding amounts of the debentures, the fee debenture into the company’s common stock.