Exhibit 10.72


 


SECURED PROMISSORY NOTE


 


	$500,000.00	 	March 16, 2015


 


FOR VALUE RECEIVED,
Mecklermedia Corporation, a Delaware corporation, Mecklermedia.com Subsidiary Corporation, a Delaware corporation, and Inside Network,
Inc., a California corporation (each a “Maker” and, collectively, “Makers”),
jointly and severally promise to pay to the order of Drew Lane Holdings, LLC, a Delaware limited liability company (“Payee”),
at the address set forth in paragraph 7 below, the lesser of (i) the principal sum of Five Hundred Thousand Dollars ($500,000.00)
(the “Maximum Amount”), or (ii) the unpaid principal amount of all advances made by Payee to Makers under
this Note (“Advances”), as such Advances are set forth on Exhibit A hereto and updated from time
to time, up to the Maximum Amount, together with interest on the
outstanding principal amount of all such Advances at an annual rate of 8.00%, or such lesser rate as shall be the maximum rate
allowable under applicable law.


 


Makers shall repay
this Note as follows: (i) interest only shall be due and payable on the last day of each month beginning April 30, 2015, and continuing
on the last day of each month thereafter; and (ii) one final installment of all unpaid principal and all accrued but unpaid interest
shall be due and payable on March 31, 2018.


 


This Note is subject
to the following additional provisions:


 


1.              
Purpose of Note. This Note is issued to evidence the Makers’ obligation to Payee for amounts loaned to Makers.


 


2.              
Security. The payment of this Note is secured by a lien on the “Collateral”, as defined in that certain
Security Agreement of even date herewith by Makers in favor of Payee (the “Security Agreement”). The
terms and conditions of the Security Agreement are hereby incorporated herein by reference.


 


3.              
Prepayment.  Makers shall have the absolute right to prepay this Note in whole or in part at any time and from
time to time, without prepayment penalty or premium. Any prepayment of this Note will be credited first against accrued interest,
then principal.


 


4.              
Events of Default.  This Note immediately shall become due and payable, at the option of Payee and without
notice or demand, upon the occurrence of any of the following events (each, an “Event of Default”):


 


(a)            
Failure to pay any amount payable under this Note within ten (10) days after the date when due;


 


(b)Failure
to observe or perform any of the provisions of this Note, provided that such failure has not been cured within thirty (30)
days after receipt by Makers of written notice thereof from Payee;


 


 


 






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(c)Default
by Makers in the performance of any of their obligations under the Security Agreement, provided that such default has not
been cured within thirty (30) days after receipt by Makers of written notice thereof from Payee;


 


(d) Commencement
by or against Makers of any proceeding, suit, or action for reorganization, dissolution, or liquidation which, if involuntarily
filed against Makers, is not set aside within sixty (60) days from the filing thereof;


 


(e)Filing
by or against Makers of a petition under the United States Bankruptcy Code or any other insolvency act which, if involuntarily
filed against Makers, is not set aside within sixty (60) days from the filing thereof; or


 


(f)Application for, or appointment
of, a receiver of Makers or their property, assignment by Makers for the benefit of their creditors, or issuance of a warrant
of attachment against the property of Makers.


 


Upon the occurrence
and continuation of an Event of Default, Payee may at any time declare the entire unpaid principal balance hereof and all accrued
interest thereon immediately to be due and payable, and take such other action as may be provided in the Security Agreement. Payee
may, at Payee’s option, proceed to collect all sums due hereunder from Makers, without first resorting to any collateral
securing this Note.


 


5.              
Waivers.  Makers, for Makers and Makers’ successors and assigns, expressly waive presentment, demand,
notice of dishonor, notice of nonpayment, notice of maturity, notice of protest, presentment for the purposes of accelerating maturity,
and diligence in collection, and consents that Payee, without notice, may release or surrender, exchange or substitute any real
estate and/or personal property or other collateral security for the payment of this Note, and may extend the time for payment
or otherwise modify the terms of payment of any part or the whole of the indebtedness evidenced hereby and such consent shall not
alter or diminish the liability of Makers under this Note.


 


6.              
Notices. All notices which are required or may be given under this Note shall be in writing and shall be deemed to
have been received when delivered personally or three (3) days after mailing, if mailed by registered or certified mail, return
receipt requested, postage prepaid, as follows:


 


(a)If
to Makers:


 


Mecklermedia
Corporation


50 Washington
Street


9th
Floor, Suite 912


Norwalk, CT 06854


 


(b)If
to Payee:


 


Drew Lane
Holdings, LLC


4 New York
Plaza, FL 7


New York, NY 10004


 


 






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Either party may designate
a new address for purposes of notice hereunder by giving written notice thereof to the other party in accordance with this paragraph.


 


7.              
Collection Expenses. In the event that this Note shall at any time after maturity or after the occurrence of an Event
of Default be placed with an attorney for collection, Makers agree to pay, in addition to the entire unpaid principal balance of
this Note and all accrued interest thereon, all costs of collection, including reasonable attorneys’ fees.


 


8.              
Miscellaneous. This Note may not be changed, altered, modified or terminated orally, but only by an agreement or
discharge in writing and signed by Makers and by Payee. This Note shall be governed as to validity, construction, enforcement and
in all other respects by the laws of the State of Delaware. The terms of this Note shall be binding upon the successors and assigns
of Makers and shall inure to the benefit of the successors and assigns of Payee.


 


 


 


 


 


 


[Signatures Follow on Next Page]


 


 


 






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IN WITNESS WHEREOF, Makers have duly
executed this Note under seal on the date first above written.


 


MECKLERMEDIA CORPORATION


 


By: /s/ Alan M. Meckler                   


Name: Alan M.
Meckler                   


Title: CEO                                           


 


 


MECKLERMEDIA.COM SUBSIDIARY CORPORATION


 


By: /s/ Alan M. Meckler                  


Name:  Alan M. Meckler                   


Title: CEO                                           


 


INSIDE NETWORK, INC.


 


By: /s/ Alan M. Meckler                   


Name: Alan M. Meckler               


Title: CEO                                          


 


 


 


 


 


 


 


  


[Signature Page
to Secured Promissory Note]


 


 






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