Company: MFON
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0001641172-25-014006
Chunk: 25

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 Group
Inc. over the thirty (30) trading days immediately preceding such date (the “Conversion Price”).

Related Party Convertible Notes issued in
prior periods at the beginning of 2024 had a balance of  $2,000,000 in principal. As an inducement we issued 3,333,332
warrants to purchase shares of our common stock at $.60
per share. Simple interest on the unpaid principal balance of this Note will accrue at the rate of 8.0%
per annum. Accrual of interest will commence on the date of this Note, will continue until this Note is fully paid, and will be
payable in a single installment at maturity three years from the date the Convertible Note was issued.

During the first quarter 2024 the Company
issued 8 Convertible Notes payable to Thomas B. Akin for $1,950,000.
As an inducement we issued 3,249,997
warrants to purchase shares of our common stock at $.60
per share. Simple interest on the unpaid principal balance of this Note will accrue at the rate of 8.0%
per annum. Accrual of interest will commence on the date of The Convertible  Note, will continue until this Note is fully paid, and will be
payable in a single installment at maturity three years from the date the Convertible Note was issued.

During the second quarter of 2024 the Company issued
8 Convertible Notes payable to Thomas B. Akin for $2,100,000. As an inducement we issued 3,499,997 warrants to purchase shares of our
common stock at $.60 per share. Simple interest on the unpaid principal balance of this Note will accrue at the rate of 8.0% per annum.
Accrual of interest will commence on the date of The Convertible Note, will continue until this Note is fully paid, and will be payable in a single
installment at maturity three years from the date the Convertible Note was issued.

During the third quarter of 2024 the Company issued
4 Convertible Notes payable to Thomas B. Akin for $1,275,000. As an inducement we issued 2,124,999 warrants to purchase shares of our
common stock at $.60 per share. Simple interest on the unpaid principal balance of this Note will accrue at the rate of 8.0% per annum.
Acc