Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 309

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 309
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860,123 shares of common stock were granted from equity payable to Thomas Akin as settlement of $450,272
of interest payable.

On
January 25, 2025 a total of 86,109 shares of common stock were granted from equity payable to Talkot Fund LP as settlement of $20,844
of interest payable.

SMS
Factory Sale of Certain Contracts Progress

As
of March 26, 2025 the Company has transitions 80.4% of the daily operation of the purchased customer contracts to SMS Factory. The Company
is currently still in the process of working with the remaining customer until the can be successfully transitioned.

Sublease
Amendment

The
Company entered in to a sublease on March 1, 2024 for its office facilities in Chandler, AZ through February 28, 2025. Monthly rental
payments including rental of office furniture and excluding taxes, are $24,470. An amendment to the sublease was signed on March 13,
2025. The Sublease Term, which is scheduled to expire on February 28, 2025, is hereby extended for the period commencing on March 1,
2025, and expiring to January 25, 2027 (the “Sublease Renewal Term”), on all of the terms and conditions of the Sublease
except as modified by this Amendment. Sublandlord and Subtenant acknowledge and agree that the Master Lease will expire on January 31,
2027, and Subtenant will have no further right to extend the Sublease Term beyond the Sublease Renewal Term.

-48-

Item
9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

None.

Item
9A. Controls and Procedures

Evaluation
of Disclosure Controls and Procedures

Disclosure
controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our
reports filed or submitted under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized
and reported, within the time periods specified in the SEC rules and forms. Disclosure controls and procedures include controls and procedures
designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated
and communicated to management to allow timely decisions regarding required disclosure.

As
required by paragraph (b) of Rules 13a-15 or 15d-15 under the Exchange Act, our management, with the participation of