Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 62

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 9B
Chunk 62
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, 2024
and ending September 30, 2026.

On
November 21, 2024 amended terms were agreed upon and the Company then entered into Amendment No. 4 (the “Amendment”) signed
on November 21, 2024, which amends the terms of the Credit Facility Agreement, between the Company and Thomas B. Akin, and any convertible
notes issued thereunder. The Amendment amends the existing Credit Facility Agreement to extend the maturity of the agreement and related
convertible notes thereunder until June 30, 2026. Principal payments have been deferred to a period beginning on April 30, 2025 and ending
March 31, 2027.

-56-

During the twelve months ended
December 31, 2024, a total of $1,258,093 of accrued interest from equity payable was converted into 2,395,511 shares
of common stock. As of December 31, 2024, the Company had
a principal total of $5,873,125, a debt discount balance of $180,977 for a net principal balance of $5,692,148 and accrued interest
of $895,652 that was recorded to Equity Payable.

Unsecured
Promissory Note

On
July 1, 2021, we entered into UP Notes in the aggregate principal amount of $271,875 with Talkot Fund LP and investor in the Company.
Each UP Note bears interest on the unpaid balance at the rate of fifteen percent (15%) per annum and the principal and accrued interest
are due and payable no later than December 31, 2023. We may prepay any of the UP Notes without notice, subject to a two percent (2%)
pre-payment penalty. The UP Note offer was conducted by our management and there were no commissions paid by us in connection with the
solicitation. The Company issued to Talkot Fund LP warrants to purchase an aggregate of 33,017 shares of its common stock at the stated
exercise price per share in connection with the issuance of funds under this Credit Agreement.

On
January 31, 2023, the Lender agreed to postpone the 24-month repayment period to a later period commencing on January 31, 2024, and further
agreed that interest accrued on the loan between July 1, 2022 and December 1, 2025 is to be settled in shares