Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 63

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 9B
Chunk 63
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 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.

As
of December 31, 2024, the Company had a principal balance of $271,875 and accrued interest of $41,461 that was recorded to Equity Payable.
A total of $96,988 of accrued interest from equity payable was converted into 120,883 shares of common stock.

Related
Party Convertible Notes

During
fourth quarter 2023 the Company issued 8 Convertible Notes payable to related parties for $2,000,000. 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.

The
Convertible Note and all accrued interest thereon are convertible into shares of our common stock, from time to time, at the option of
the holder thereof, at a conversion price per share equal to the larger of either $0.50 or of the volume-weighted average price of our
common stock quoted on the OTCQB ® Venture Market operated by OTC Markets Group Inc. over the thirty (30) trading days immediately
preceding such date (the “Conversion Price”).

During
first quarter 2024 the Company issued 8 Convertible Notes payable to related parties for $1,950,000. As an inducement we issued 3,291,664
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 second quarter of 2024 the Company issued 8 Convertible Notes payable to related parties for $2,100,000. As an inducement we issued
3