Company: MFON
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0001641172-25-014006
Chunk: 20

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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% 
     250,000  
     250,000 
  
    Related Party Senior Secured Convertible Notes 
    Various 
     8% 
     1,575,000  
     — 
  
    Senior Secured Convertible Notes 
    Various 
     8% 
     425,000  
     — 
  
    Total Notes Payable Principal 

     17,495,000  
     15,245,000 
  
    Less Total Debt Discount 

     (1,432,858) 
     (1,534,558)
  
    Total Debt 

     16,062,142  
     13,710,442 
  
    Less current portion 

     (3,083,828) 
     (2,315,703)
  
    Long-term debt, net of current portion 

    $12,978,314  
    $11,394,739 

    12

Related Party Notes

Unsecured Promissory Note

On July 1, 2021, we entered into UP Notes in
the aggregate principal amount of $271,875
with Talkot Fund, LP and investor in the Company. Each UP Note bears interest on the unpaid balance at the rate of fifteen percent
(15%)
per annum and the principal and accrued interest are due and payable no later than December 31, 2023. We may prepay any of the UP
Notes without notice, subject to a two percent (2%)
pre-payment penalty. The UP Note offer was conducted by our management and there were no
commissions paid by us in connection with the solicitation. The Company issued to Talkot Fund LP warrants to purchase an aggregate
of 33,017
shares of our common stock at the stated exercise price per share in connection with the issuance of funds under this UP Note.

On January 31, 2023, the Lender agreed to postpone
the 24-month repayment period to a later period commencing on January 31, 2024, and further agreed that interest accrued on the loan between
July 1, 2022 and December 1, 2025 is to be settled in shares of the Company’s common stock quarterly.

On January 31 2024, the Lender agreed to postpone
the 24-month repayment period to a later period commencing on July 31, 2024.