Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 911

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 7A
Chunk 911
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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
3,499,997 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 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 third quarter of 2024 the Company issued 4 Convertible Notes payable