Company: MFON
Filing Date: 2025-08-05
Form Type: DEFA14A
Source: 0001140361-25-028873
Chunk: 35

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-08-05
Form: DEFA14A
Chunk 35
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 of payment, the Company will pay all accrued but unpaid interest on the portion of the principal balance repaid. In the event that the Company gives Investor notice of prepayment under this Section, Investor shall have the option to exercise its conversion rights under Section 5 upon receipt of such prepayment notification.” Page 1 3. Section 5 of each Note is hereby amended and restated as follows: “ 5. Conversion. (a) No Conversion. Until the Articles of Incorporation of the Company have been amended pursuant to Section 4.03 of the Agreement, the Investors will not convert the Notes. (b) Optional Conversion.Subject to Section 5(a) hereof, at any time after six months from the date but prior to the closing of a Corporate Transaction (subject to the limitations in Section 5(d)), all or part of the outstanding principal and/or accrued but unpaid interest under this Note may, upon the written election of the Investor, be converted into shares of the Company’s Common Stock at the Conversion Price. The written election of the Investor must specify the amount of outstanding and/or accrued but unpaid interest to be converted and the intended date of such conversion. (c) Mandatory Conversion. In the event that the Company issues and sells shares of its equity securities to investors in a Qualified Financing prior to the Maturity Date, then the outstanding principal amount of this Note and any unpaid accrued interest shall automatically convert in whole without any further action by the Investor into Common Stock at the Conversion Price. (d) Corporate Transaction Conversion.The Company shall notify the Investor at least 10 days prior to the closing of a Corporate Transaction involving the Company. Within five days of receipt of such notice, the Investor shall elect either (i) a cash payment equal to the outstanding principal and accrued but unpaid interest under this Note or (ii) convert the Note into shares of a newly created preferred stock of the Company, upon terms mutually agreed between the Company and Investor, including that the preferred stock would have full ratchet anti-dilution protection against the first subsequent capital raise of at least $5,000,000, at the Conversion Price. (e) No Fractional Shares.The number of shares and/or units of Company securities issuable pursuant to this Section 5 will be rounded down to the nearest whole share. (f) Definitions. For purposes of this Note, the following terms shall have the meanings ascribed to them below: “ Common Stock”means the Company’scommon stock, $0.001 par value. “ Conversion Price”