Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 75

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 11
Chunk 75
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 of
    common stock owned of record by Talkot Fund, L.P., 541,703 shares of common stock issuable upon settlement of restricted stock units,
    including restricted stock units that will vest within 60 days of March 31, 2025. and 3,085,398 of stock warrants to purchase Common
    Stock
  
    (8)
    Based on a Schedule 13G/A filed
    with the SEC on January 1, 2024 by Bruce E. Terker, that he has shared voting power with respect to 8,732,332 shares and shared dispositive
    power with respect to 8,732,332 shares of our common stock.
  
    (9)
    Based on a Schedule 13G/A filed
    with the SEC on February 16, 2022 by Cornelis F. Wit, that he has sole voting power with respect to 3,828,669 shares and sole dispositive
    power with respect to 3,828,669 shares of our common stock.

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Table of Contents

Item
13. Certain Relationships and Related Transactions, and Director Independence

Certain
Relationships and Related Transactions

Related
Party Notes

Secured
Promissory Notes

On
June 30, 2021, we entered into a Credit Facility Agreement (the “Credit Agreement”) with Thomas Akin, one of the Company’s
directors (the “Lender”). The Credit Agreement was amended on November 11, 2022. The Company can borrow up to $6,000,000
under the Credit Agreement (“the “Credit Facility”). As of December 31, 2021, the Company had drawn a total of $3,478,125
including cash drawn in the amount of $3,206,250 and $271,875 of principal and accrued interest under the 2020 UP Note that was rolled
into the Credit Facility and had paid a total of $200,000 toward the principal balance of the loan,

The
Credit Facility is secured by all of our tangible and intangible assets including intellectual property. This loan bears interest on
the unpaid balance at the rate of fifteen percent (15%) per annum. The Company may prepay this loan without notice, penalty, or charge.
In consideration of the Lender’s agreement to provide the Credit Facility, the Company issued warrants to purchase shares of its
common stock at an exercise price of $1.67 per share in connection with