Exhibit 10.65

 

FIFTH ALLONGE TO

8% SUBORDINATED NOTE

 

This Fifth Allonge (the “Fifth Allonge”), dated as of July 15, 2015, is attached
to and forms a part of an 8% Subordinated Note, dated May 31, 2011
(collectively, the “Note”), made by Digital Ally, Inc., a Nevada corporation
(the “Company”), payable to the order of _____________________ (the “Holder”),
in the original principal amount of $1,500,000. The Note was amended by an
Allonge, dated November 7, 2011, a Second Allonge, dated July 24, 2012, a Third
Allonge, dated December 4, 2013 and a Fourth Allonge, dated May 27, 2015. This
Fifth Allonge amends the Note and the Fourth Allonge.

 

1. Paragraph 3 of the Note is hereby amended and restated in its entirety as
follows:

 

Maturity Date and Pre-Payments. This Note shall be due and payable in full,
including all accrued Interest thereon, on August 15, 2015 (the “Maturity
Date”). At any time prior to the Maturity Date, the Company shall have the right
to prepay this Note, in whole or in part, without penalty. The Company will give
to Holder ten (10) days’ written notice of its intent to prepay this Note. On
such prepayment date, the Company will pay in respect of this Note in cash the
principal amount being prepaid plus accrued Interest.

 

In all other respects, the Note is confirmed, ratified, and approved and, as
amended by this Fifth Allonge, shall continue in full force and effect.

 

IN WITNESS WHEREOF, the Company and the Holder have caused this Fifth Allonge to
be executed and delivered as of the date and year first above written.

 

  DIGITAL ALLY, INC.         By: /s/ Stanton E. Ross     Stanton E. Ross   Its:
Chairman, President and CEO         THE HOLDER:            

 

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