Recruiter.com Group Inc (RCRT)

[Gnarlyman]

Based on the amendments to the Montage loans. They get a security interest and a revenue share in $AESO until their loan is paid. That’s what I gathered from recent filings. I do not know how big the security agreement is though. I think it was mandatory to add CognoGroup to the loan debt in order to allow the spin out of assets to $AESO. It also appears Montage will be managing their income until they get paid as well.

Here’s what I base this idea on. From Exhibit 10.1 Loan and Security agreement.

https://www.sec.gov/Archives/edgar/data/1462223/000165495423011142/rcrt_ex101.htm

“Without limiting the generality of the foregoing, CognoGroup grants Lender a security interest in the Collateral to secure performance and payment of all Obligations under the Agreement, and authorizes Lender to file financing statements with all appropriate jurisdictions to perfect or protect Lender's interest or rights hereunder and under the Transaction Documents, and GognoGroup covenants that all of its operating, depository and investment accounts to be subject to account control agreement(s), in form and substance satisfactory to Lender. “