Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 325

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 325
---
 our common stock,
at a price per share equal to the volume-weighted average price of our common stock quoted on the Over-The Counter Venture Market operated
by OTC Markets Group Inc. (“OTCQB®”) over the ninety (90) trading days immediately preceding such date. The Amendment
provides for corresponding amendments to the form of convertible notes to be issued under the Credit Agreement in the future and any
outstanding convertible notes issued under the existing Credit Facility Agreement. The Amendment was considered a debt modification as
the cash flows under the amended terms do not differ by at least 10% from the cash flows under the original agreement.

On
January 31, 2024 amended terms were agreed upon and the Company then entered into Amendment No. 2 (the “Amendment”) signed
on May 3,2024, 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 July 31, 2024 and ending June 30,
2026.

On
August 13, 2024 amended terms were agreed upon and the Company then entered into Amendment No. 3 (the “Amendment”) signed
on August 13, 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 October 31, 2026. Principal payments have been deferred to a period beginning on October 31, 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,