Document:

Exhibit
10.2

 

THIS
NOTE AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE UNITED STATES SECURITIES
AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE “1933 ACT”)

 

	 	US
    $341,205.48 

 

EXCHANGE
NOTE UNDER EXCHANGE AGREEMENT DATED APRIL 19, 2022, UNDER WHICH THE OCTOBER 19, 2021 NOTE IN THE ORIGINAL AMOUNT OF $325,000 ALONG WITH
ACCRUED INTEREST WAS EXCHANGED

 

FOMO
CORP.

10%
CONVERTIBLE REDEEMABLE NOTE

DUE
OCTOBER 19, 2022

 

FOR
VALUE RECEIVED, FOMO CORP. (the “Company”) promises to pay to the order of GS CAPITAL PARTNERS, LLC and its authorized successors
and Permitted Assigns, defined below, (“Holder”), the aggregate principal face amount Three Hundred Forty One Thousand
Two Hundred Five Dollars 48/100 (U.S. $341,205.48) on October 19, 2022 (“Maturity Date”) and to pay interest on the
principal amount outstanding hereunder at the rate of 10% per annum commencing on April 19, 2022 (“Issuance Date”).
The interest will be paid to the Holder in whose name this Note is registered on the records of the Company regarding registration and
transfers of this Note. The principal of, and interest on, this Note are payable at 1 East Liberty Street, Suite 600, Reno, NV 85901,
initially, and if changed, last appearing on the records of the Company as designated in writing by the Holder hereof from time to time.
The Company will pay each interest payment and the outstanding principal due upon this Note before or on the Maturity Date, less any
amounts required by law to be deducted or withheld, to the Holder of this Note by check or wire transfer addressed to such Holder at
the last address appearing on the records of the Company. The forwarding of such check or wire transfer shall constitute a payment of
outstanding principal hereunder and shall satisfy and discharge the liability for principal on this Note to the extent of the sum represented
by such check or wire transfer. Interest shall be payable in Common Stock (as defined below) pursuant to paragraph 4(b) herein. Permitted
Assigns means any Holder assignment, transfer or sale of all or a portion of this Note accompanied by an Opinion of Counsel as provided
for in Section 2(f) of the Securities Purchase Agreement.

 

    	2

     

    

 

This
Note is subject to the following additional provisions:

 

1.
This Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations, as requested by the
Holder surrendering the same. No service charge will be made for such registration or transfer or exchange, except that Holder shall
pay any tax or other governmental charges payable in connection therewith. To the extent that Holder subsequently transfers, assigns,
sells or exchanges any of the multiple lesser denomination notes, Holder acknowledges that it will provide the Company with Opinions
of Counsel as provided for in Section 2(f) of the Securities Purchase Agreement.

 

2.
The Company shall be entitled to withhold from all payments any amounts required to be withheld under applicable laws.

 

3.
This Note may be transferred or exchanged only in compliance with the Securities Act of 1933, as amended (“Act”) and
applicable state securities laws. Any attempted transfer to a non-qualifying party shall be treated by the Company as void. Prior to
due presentment for transfer of this Note, the Company and any agent of the Company may treat the person in whose name this Note is duly
registered on the Company’s records as the owner hereof for all other purposes, whether or not this Note be overdue, and neither
the Company nor any such agent shall be affected or bound by notice to the contrary. Any Holder of this Note electing to exercise the
right of conversion set forth in Section 4(a) hereof, in addition to the requirements set forth in Section 4(a), and any prequalified
prospective transferee of this Note, also is required to give the Company written confirmation that this Note is being converted (“Notice
of Conversion”) in the form annexed hereto as Exhibit A. The date of receipt (including receipt by telecopy) of such
Notice of Conversion shall be the Conversion Date. All notices of conversion will be accompanied by an Opinion of Counsel.

 

4.
(a) The Holder of this Note is entitled, at its option, at any time to convert all or any amount of the principal face amount of this
Note then outstanding into shares of the Company’s common stock (the “Common Stock”) at a price (“Conversion
Price”) for each share of Common Stock equal to 60% of the lowest trading price of the Common Stock as
reported on the National Quotations Bureau OTC Marketplace exchange which the Company’s shares are traded or any exchange upon
which the Common Stock may be traded in the future (“Exchange”), for the twenty prior trading
days including the day upon which a Notice of Conversion is received by the Company or its transfer agent (provided such Notice of Conversion
is delivered by fax or other electronic method of communication to the Company or its transfer agent after 4 P.M. Eastern Standard or
Daylight Savings Time if the Holder wishes to include the same day closing price). If the shares have not been delivered within 3 business
days, the Notice of Conversion may be rescinded. Such conversion shall be effectuated by the Company delivering the shares of Common
Stock to the Holder within 3 business days of receipt by the Company of the Notice of Conversion. Accrued but unpaid interest shall be
subject to conversion. No fractional shares or scrip representing fractions of shares will be issued on conversion, but the number of
shares issuable shall be rounded to the nearest whole share. To the extent the Conversion Price of the Company’s Common
Stock closes below the par value per share, the Company will take all steps necessary to solicit the consent of the stockholders to reduce
the par value to the lowest value possible under law. The Company agrees to honor all conversions submitted pending this increase. In
the event the Company experiences a DTC “Chill” on its shares, the Conversion Price shall be decreased to 50% instead of
60% while that “Chill” is in effect. In no event shall the Holder be allowed to effect a conversion if such conversion,
along with all other shares of Company Common Stock beneficially owned by the Holder and its affiliates would exceed 4.99% of the outstanding
shares of the Common Stock of the Company (which may be increased up to 9.9% upon 60 days’ prior written notice by the Holder).
The Conversion Price, and any other economic terms will be adjusted on a ratchet basis if the Company offers a more favorable Conversion
Price, prepayment rate, interest rate, (whether through a straight discount or in combination with an original issue discount), additional
securities, look back period or other more favorable term to another party for any financings while this Note is in effect, including
but not limited to defaults, penalties and the remedy for such defaults or penalties.

 

    	3

     

    

 

(b)
Interest on any unpaid principal balance of this Note shall be paid at the rate of 10% per annum. Interest shall be paid by the Company
in Common Stock (“Interest Shares”). Holder may, at any time, send in a Notice of Conversion to the Company for Interest
Shares based on the formula provided in Section 4(a) above. The dollar amount converted into Interest Shares shall be all or a portion
of the accrued interest calculated on the unpaid principal balance of this Note to the date of such notice.

 

(c)
The Note may not be prepaid.

 

(d)
Upon (i) a transfer of all or substantially all of the assets of the Company to any person in a single transaction or series of related
transactions, (ii) a reclassification, capital reorganization (excluding an increase in authorized capital) or other change or exchange
of outstanding shares of the Common Stock, other than a forward or reverse stock split or stock dividend, or (iii) any consolidation
or merger of the Company with or into another person or entity in which the Company is not the surviving entity (other than a merger
which is effected solely to change the jurisdiction of incorporation of the Company and results in a reclassification, conversion or
exchange of outstanding shares of Common Stock solely into shares of Common Stock) (each of items (i), (ii) and (iii) being referred
to as a “Sale Event”), then, in each case, the Company shall, upon request of the Holder, redeem this Note in cash for 150%
of the principal amount, plus accrued but unpaid interest through the date of redemption, or at the election of the Holder, such Holder
may convert the unpaid principal amount of this Note (together with the amount of accrued but unpaid interest) into shares of Common
Stock immediately prior to such Sale Event at the Conversion Price.

 

(e)
In case of any Sale Event (not to include a sale of all or substantially all of the Company’s assets) in connection with which
this Note is not redeemed or converted, the Company shall cause effective provision to be made so that the Holder of this Note shall
have the right thereafter, by converting this Note, to purchase or convert this Note into the kind and number of shares of stock or other
securities or property (including cash) receivable upon such reclassification, capital reorganization or other change, consolidation
or merger by a holder of the number of shares of Common Stock that could have been purchased upon exercise of the Note and at the same
Conversion Price, as defined in this Note, immediately prior to such Sale Event. The foregoing provisions shall similarly apply to successive
Sale Events. If the consideration received by the holders of Common Stock is other than cash, the value shall be as determined by the
Board of Directors of the Company or successor person or entity acting in good faith.

 

    	4

     

    

 

5.
No provision of this Note shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal
of, and interest on, this Note at the time, place, and rate, and in the form, herein prescribed.

 

6.
The Company hereby expressly waives demand and presentment for payment, notice of non-payment, protest, notice of protest, notice of
dishonor, notice of acceleration or intent to accelerate, and diligence in taking any action to collect amounts called for hereunder
and shall be directly and primarily liable for the payment of all sums owing and to be owing hereto.

 

7.
The Company agrees to pay all costs and expenses, including reasonable attorneys’ fees and expenses, which may be incurred by the
Holder in collecting any amount due under this Note.

 

8.
If one or more of the following described “Events of Default” shall occur:

 

(a)
The Company shall default in the payment of principal or interest on this Note or any other note issued to the Holder by the Company;
or

 

(b)
Any of the representations or warranties made by the Company herein or in any agreement entered into by the Company in connection with
the execution and delivery of this Note, shall be false or misleading in any respect; or

 

(c)
The Company shall fail to perform or observe, in any respect, any covenant, term, provision, condition, agreement or obligation of the
Company under this Note or any other note issued to the Holder; or

 

(d)
The Company shall (1) become insolvent (which does not include a “going concern” opinion); (2) admit in writing its inability
to pay its debts generally as they mature; (3) make an assignment for the benefit of creditors or commence proceedings for its dissolution;
(4) apply for or consent to the appointment of a trustee, liquidator or receiver for its or for a substantial part of its property or
business; (5) file a petition for bankruptcy relief, consent to the filing of such petition or have filed against it an involuntary petition
for bankruptcy relief, all under federal or state laws as applicable; or

 

(e)
A trustee, liquidator or receiver shall be appointed for the Company or for a substantial part of its property or business without its
consent and shall not be discharged within sixty (60) days after such appointment; or

 

(f)
Any governmental agency or any court of competent jurisdiction at the instance of any governmental agency shall assume custody or control
of the whole or any substantial portion of the properties or assets of the Company; or

 

    	5

     

    

 

(g)
One or more money judgments, writs or warrants of attachment, or similar process, in excess of fifty thousand dollars ($50,000) in the
aggregate, shall be entered or filed against the Company or any of its properties or other assets and shall remain unpaid, unvacated,
unbonded or unstayed for a period of fifteen (15) days or in any event later than five (5) days prior to the date of any proposed sale
thereunder; or

 

(h)
Defaulted on or breached any term of any other purchase agreement or note or similar debt instrument into which the Company has entered
and failed to cure such default within the appropriate grace period; or

 

(i)
The Company shall have its Common Stock delisted from an exchange (including the OTC Markets exchange) or, if the Common Stock trades
on an exchange, then trading in the Common Stock shall be suspended for more than 10 consecutive days or ceases to file its 1934 act
reports with the SEC;

 

(j)
If a majority of the members of the Board of Directors of the Company on the date hereof are no longer serving as members of the Board;

 

(k)
The Company shall not deliver to the Holder the Common Stock pursuant to paragraph 4 herein without restrictive legend within 3 business
days of its receipt of a Notice of Conversion which includes an Opinion of Counsel expressing an opinion which supports the removal of
a restrictive legend; or

 

(l)
The Company shall not replenish the reserve set forth in Section 12, within 3 business days of the request of the Holder.

 

(m)
The Company shall be delinquent in its periodic report filings with the Securities and Exchange Commission; or

 

(n)
The Company shall cause to lose the “bid” price for its stock in a market (including the OTC marketplace or other exchange).

 

Then,
or at any time thereafter, unless cured within 5 days, and in each and every such case, unless such Event of Default shall have been
waived in writing by the Holder (which waiver shall not be deemed to be a waiver of any subsequent default) at the option of the Holder
and in the Holder’s sole discretion, the Holder may consider this Note immediately due and payable, without presentment, demand,
protest or (further) notice of any kind (other than notice of acceleration), all of which are hereby expressly waived, anything herein
or in any note or other instruments contained to the contrary notwithstanding, and the Holder may immediately, and without expiration
of any period of grace, enforce any and all of the Holder’s rights and remedies provided herein or any other rights or remedies
afforded by law. Upon an Event of Default, interest shall accrue at a default interest rate of 24% per annum or, if such rate is usurious
or not permitted by current law, then at the highest rate of interest permitted by law. In the event of a breach of Section 8(k) the
penalty shall be $250 per day the shares are not issued beginning on the 4th day after the conversion notice was delivered
to the Company. This penalty shall increase to $500 per day beginning on the 10th day. In an event of a breach of Section
8(h) the Holder may elect to utilize the same remedy available under the defaulted interest and such remedy shall be incorporated by
reference into the terms of this Note. The penalty for a breach of Section 8(n) shall be an increase of the outstanding principal amounts
by 20%. Further, if a breach of Section 8(m) occurs or is continuing after the 6 month anniversary of the Note, then the Holder shall
be entitled to use the lowest closing bid price during the delinquency period as a base price for the conversion instead of the Conversion
Price.

 

    	6

     

    

 

If
the Holder shall commence an action or proceeding to enforce any provisions of this Note, including, without limitation, engaging an
attorney, then if the Holder prevails in such action, the Holder shall be reimbursed by the Company for its attorneys’ fees and
other costs and expenses incurred in the investigation, preparation and prosecution of such action or proceeding.

 

The
Company must pay the Failure to Deliver Loss by cash payment, and any such cash payment must be made by the third business day from the
time of the Holder’s written notice to the Company.

 

9.
In case any provision of this Note is held by a court of competent jurisdiction to be excessive in scope or otherwise invalid or unenforceable,
such provision shall be adjusted rather than voided, if possible, so that it is enforceable to the maximum extent possible, and the validity
and enforceability of the remaining provisions of this Note will not in any way be affected or impaired thereby.

 

10.
Neither this Note nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument signed by the
Company and the Holder.

 

11.
The Company represents that it is not a “shell” issuer and has never been a “shell” issuer or that if it previously
has been a “shell” issuer that at least 12 months have passed since the Company has reported form 10 type information indicating
it is no longer a “shell” issuer. Further. The Company will instruct its counsel to either (i) write a 144 opinion to allow
for salability of the conversion shares or (ii) accept such opinion from Holder’s counsel.

 

12.
The Company shall issue irrevocable transfer agent instructions reserving 3,791,172,000 shares of its Common Stock for conversions under
this Note (the “Share Reserve”). Upon full conversion of this Note, any shares remaining in the Share Reserve shall be cancelled.
The Company shall pay all transfer agent costs associated with issuing and delivering the share certificates to Holder. If such amounts
are to be paid by the Holder, it may deduct such amounts from the Conversion Price. The Company should at all times reserve a minimum
of four times the amount of shares required if the note would be fully converted. The Holder may reasonably request increases from time
to time to reserve such amounts. The Company will instruct its transfer agent to provide the outstanding share information to the Holder
in connection with its conversions.

 

13.
The Company will give the Holder direct notice of any corporate actions, including but not limited to name changes, stock splits, recapitalizations
etc. This notice shall be given to the Holder as soon as possible under law.

 

14.
If it shall be found that any interest or other amount deemed interest due hereunder violates the applicable law governing usury, the
applicable provision shall automatically be revised to equal the maximum rate of interest or other amount deemed interest permitted under
applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage of
any law that would prohibit or forgive the Company from paying all or a portion of the principal or interest on this Note.

 

15.
This Note shall be governed by and construed in accordance with the laws of Nevada applicable to contracts made and wholly to be performed
within the State of Nevada and shall be binding upon the successors and assigns of each party hereto. The Holder and the Company hereby
mutually waive trial by jury and consent to exclusive jurisdiction and venue in the courts of the State of Nevada or in the Federal courts
sitting in the county or city of either Washoe County, Nevada or Clark County, Nevada. This Agreement may be executed in counterparts,
and the facsimile transmission of an executed counterpart to this Agreement shall be effective as an original.

 

    	7

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Note to be duly executed by an officer thereunto duly authorized.

 

Dated:
April 29, 2022 

 

	 	FOMO CORP.
	 	 
	 	 	
	`	By:	Vikram
    Grover
	 	 	 
	 	Title:	 CEO

 

    	8

     

    

 

EXHIBIT
A

 

NOTICE
OF CONVERSION

 

(To
be Executed by the Registered Holder in order to Convert the Note)

 

The
undersigned hereby irrevocably elects to convert $___________ of the above Note into _________ Shares of Common Stock of FOMO CORP. (“Shares”)
according to the conditions set forth in such Note, as of the date written below.

 

If
Shares are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer and other taxes and
charges payable with respect thereto.

 

	Date
    of Conversion:	 	 

 

	Applicable
    Conversion Price: 	 	 

 

	Signature:
    	 	 

                                                       [Print
Name of Holder and Title of Signer]

 

	Address:
    	 	 
	 	 	 

 

	SSN
    or EIN: 	 	 

 

	Shares
    are to be registered in the following name: 	 

 

	Name:
    	 	 
	Address:
    	 	 

 

	Tel:
    	 	
	Fax:
    	 	 
	SSN
    or EIN: 	 	

 

Shares
are to be sent or delivered to the following account:

 

	Account
    Name: 		 
	Address:
    		 

 

    	9EX-10.1

 Exhibit 10.1 

TRANSITION AGREEMENT 

THIS TRANSITION AGREEMENT by and between Computer Programs and Systems, Inc. (the “Company”), and J. Boyd Douglas, Jr.
(“Executive”) (collectively, the “Parties”) is entered into as of May 2, 2022 (the “Effective Date”). 

WHEREAS, Executive will continue to be employed by the Company as President and Chief Executive Officer (“CEO”)
through June 30, 2022 and subsequently as Senior Advisor to the Company through December 31, 2022, and the Parties desire to set forth the terms and conditions of such employment and establish certain post-employment matters. 

NOW, THEREFORE, in consideration of the premises and of the mutual covenants, understandings, representations, warranties, undertakings
and promises hereinafter set forth, intending to be legally bound thereby, the Parties agree as follows: 
 1. Employment. The Parties agree that
Executive will continue to be employed by the Company as President and CEO through June 30, 2022 and subsequently as Senior Advisor to the Company through December 31, 2022, as more specifically described in Sections 2 and 3 of this
Agreement, all in accordance with and subject to the terms and conditions set forth in this Agreement. 
 2. Term of Employment. 

(a) Executive shall continue to serve as President and CEO of the Company from the Effective Date through June 30, 2022 (such period
during which Executive remains employed by the Company in such capacity, the “CEO Term”) and shall serve as Senior Advisor to the Company from July 1, 2022 through December 31, 2022 (such period during which Executive
remains employed by the Company in such capacity, the “Advisory Term,” and together with the CEO Term, the “Term”). 

(b) Except as otherwise provided herein, the termination of Executive’s employment hereunder shall not relieve any Party of any
obligations that may have accrued under this Agreement prior to such expiration or termination or that, by their nature, survive such expiration or termination of this Agreement, including without limitation the terms and conditions of Sections 6, 7
and 8 of this Agreement. 
 3. Services; Related Agreements. 

(a) During the CEO Term, Executive agrees to continue to perform such duties and exercise such supervision with regard to the business of the
Company as are commensurate with such position and as historically provided by Executive, including such duties as may be reasonably prescribed from time to time by the Board of Directors of the Company (the “Board”). During the
Advisory Term, Executive agrees to provide advisory services on a non-exclusive basis to the Company and its officers, particularly with respect to the transition of the CEO role, including such duties as may
be reasonably prescribed from time to time by the Board (as such services may be modified by mutual agreement by the Parties, and together with the services performed during the CEO Term, the “Services”). It is reasonably
anticipated and expected that during Executive’s service as a Senior Advisor during the Advisory Term, 

 
Executive will perform more than twenty percent (20%) of the average level of bona fide services performed over the 36-month period immediately preceding
the Advisory Term. During the Term, Executive agrees: (i) to devote sufficient time and efforts to performing and providing the Services and all other duties of Executive described in this Agreement as the Company may request; and (ii) to
act in good faith at all times in rendering such Services for and on behalf of the Company and performing all other duties required of Executive under this Agreement. During the Advisory Term, Executive may perform his responsibilities hereunder
remotely from a location of his choosing. 
 (b) During the CEO Term, Executive agrees to continue to serve (without additional
compensation) as a member of the Board and, as applicable, as an officer or director of any subsidiary or affiliate of the Company. Upon termination of Executive’s employment, Executive shall immediately resign all positions with the Company,
including as a member of the Board, and any of the Company’s subsidiaries and affiliates. The Company and its subsidiaries and affiliates are herein referred to collectively as the “Company Group.” 

4. Compensation. As consideration for the Services rendered by Executive, the Company agrees to compensate and reimburse Executive as follows, subject
to Executive’s continued employment with the Company through the Term: 
 (a) Compensation during the Term: 

(i) Executive shall continue to receive his annual base salary in effect as of the Effective Date, which shall be paid in accordance with the
customary payroll practices of the Company. 
 (ii) Executive shall be entitled to earn the cash bonus award granted to Executive on
March 7, 2022, for the performance period commencing on January 1, 2022 and ending on December 31, 2022 (the “Bonus Performance Period”), pursuant to the terms of the Performance-Based Cash Bonus Award Agreement,
dated March 7, 2022, by and between the Parties, which bonus shall be paid, if earned, in accordance with the terms thereof at a time consistent with other executive officers of the Company, but no later than March 15, 2023. For the sake
of clarity, Executive’s Continuous Service (as used therein) is not anticipated to terminate prior to the last day of the Bonus Performance Period. 

(iii) Executive shall be entitled to receive reimbursement for all reasonable business expenses incurred by Executive in performance of
Executive’s duties hereunder in accordance with the Company’s expense reimbursement policies and procedures and Section 11(l), as applicable. 

(b) Compensation following the Term: 

(i) Subject to Executive’s continued compliance with Sections 6, 7 and 8, if Executive timely elects medical and/or dental continuation
coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), the Company shall reimburse Executive for the COBRA premium paid by Executive for such medical and/or dental continuation coverage, which
reimbursement shall be limited to the employer portion of the 

  
 2 

 
monthly health and/or dental premium (as applicable) that the Company pays on behalf of active employees (the “COBRA Payment”). Executive shall provide evidence to the Company of
such premium payment no later than the last day of the month following the month of applicable coverage. If Executive timely remits evidence of the applicable premium payment to the Company, the Company shall pay Executive the COBRA Payment no later
than the last day of the second calendar month following the month of applicable coverage. Executive shall be eligible to receive such COBRA Payments for the coverage continuation period that extends until the earliest of: (x) June 30,
2024; (y) the date Executive is no longer eligible to receive COBRA continuation coverage; and (z) the date on which Executive becomes eligible to receive substantially similar coverage from another employer. 

(ii) Except as otherwise set forth herein, subject to Executive’s continued compliance with Sections 6, 7 and 8, during the period from
the Effective Date through June 30, 2024 (the “Restricted Period”), Executive shall continue to be entitled to earn Executive’s outstanding performance share awards, and Executive’s outstanding unvested shares of
restricted stock shall continue to vest, in each case according to the terms applicable to such awards (collectively, the “Outstanding Equity”) as set forth in the relevant award agreements between the Parties; provided, however,
that any requirement in the award agreements that Executive remain employed through the last day of a performance period or on a vesting date, as applicable, shall no longer apply; provided further, that any provisions in the award agreements for
the Outstanding Equity which would prorate or otherwise reduce the number of shares that would be earned or vested under such award upon Executive’s death or Disability shall also no longer apply. A list of the Outstanding Equity awards is
attached as Schedule I. Notwithstanding anything in this Agreement to the contrary, if (y) Executive’s employment is terminated prior to December 31, 2022 voluntarily by Executive or by the Company for Cause (as defined herein)
or (z) Executive materially violates of any of the restrictive covenants set forth in Sections 6, 7 and 8 of this Agreement which violation, if curable, has not been cured within 30 days after notice from the Company to Executive, Executive
shall be deemed to have forfeited the right to the Outstanding Equity as of the date Executive’s employment is terminated or such restrictive covenant is violated, as applicable. The Parties agree to enter into one or more agreements or
instruments and to take such other actions as necessary in order to amend the relevant award agreements in accordance with this Section 4(b)(ii). 

(iii) The Company’s obligation to provide the COBRA Payment and the Executive’s right to the Outstanding Equity are conditioned on
Executive’s or Executive’s legal representative’s timely execution, delivery, and non-revocation of a separation agreement and general release of claims (and the expiration of any revocation
period contained therein) related to or arising from Executive’s employment with the Company or the termination of employment, for claims against the Company Group (and their respective officers and directors) in a customary form to be mutually
agreed upon by Executive and the Company (the “Release”), within sixty (60) days following the earlier of the end of the Term or Executive’s termination of employment by the Company without Cause (as applicable) (such sixty
(60) day period the “Release Execution Period”). The Release shall be provided by the Company to Executive within five (5) days following the earlier of the end of the Term or Executive’s termination of employment by the
Company without Cause (as applicable). If Executive should fail to timely execute (or revokes) such release within sixty (60) days following the end of the Term, the Company shall not have any obligation to provide the COBRA Payment and
Executive shall not 

  
 3 

 
be entitled to any unvested or unpaid portion of the Outstanding Equity following the Release Execution Period. If Executive executes the release within such sixty (60) day period and does
not revoke the release within seven (7) days following the execution of the release, the COBRA Payment and the Outstanding Equity will be provided in accordance with Sections 4(b)(i) and 4(b)(ii), as applicable. 

5. Termination of Employment. 
 (a) If
Executive’s employment is terminated by the Company for Cause (defined below) or voluntarily by Executive, in either event prior to the end of the Term, Executive shall not be entitled to any of the compensation set forth in Section 4 of
this Agreement except any accrued and unpaid obligations of the Company under Sections 4(a)(i) and (iii). 
 (b) If Executive’s
employment is terminated by the Company without Cause, or due to the death or Disability (as defined in the Computer Programs and Systems, Inc. Amended and Restated 2019 Incentive Plan) of Executive, Executive shall be entitled to the compensation
set forth in Section 4 of this Agreement as if Executive’s employment had continued through the end of the Term. 
 (c) For
purposes of this Agreement, “Cause” means: (i) the commission of, or plea of guilty or no contest to, a felony or a crime involving moral turpitude or the commission of any other act involving willful malfeasance or material
fiduciary breach with respect to the Company or an Affiliate (as defined therein); (ii) conduct that results in or is reasonably likely to result in harm to the reputation or business of the Company or any of its Affiliates; (iii) gross
negligence or willful misconduct with respect to the Company or an Affiliate; or (iv) material violation of state or federal securities laws. 
 6. Non-Disclosure and Non-Use of Confidential Information; Proprietary Rights. 

(a) Executive shall not disclose or use at any time, either during the Term or at any time thereafter, any Confidential Information (as
defined below) of which Executive is or becomes aware, whether or not such information is developed by Executive, except to the extent that such disclosure or use is directly related to and required by Executive’s performance in good faith of
duties assigned to Executive by the Company. Executive will take all appropriate steps to safeguard Confidential Information in Executive’s possession and to protect it against disclosure, misuse, espionage, loss and theft. Executive shall
deliver to the Company at the termination of Executive’s employment with the Company, or at any time the Company may request, all memoranda, notes, plans, records, reports, computer tapes and software and other documents and data (and copies
thereof) relating to the Confidential Information or the Work Product (as defined below) of the business of the Company Group that Executive may then possess or have under Executive’s control; provided, that Executive may retain his
Company-provided laptop computer, iPad and mobile phone (including phone number) provided that Executive deletes the Confidential Information therefrom. 

  
 4 

 (b) Executive recognizes that the Company Group possesses a proprietary interest in all
Confidential Information and Work Product and has the exclusive right and privilege to use, protect by copyright, patent or trademark, or otherwise exploit the processes, ideas and concepts described therein to the exclusion of Executive, except as
otherwise agreed between the Company Group and Executive in writing. Executive expressly agrees that any Work Product made or developed by Executive or Executive’s agents during the course of Executive’s employment, including any Work
Product which is based on or arises out of Work Product, shall be the property of and inure to the exclusive benefit of the Company Group. Executive further agrees that all Work Product developed by Executive (whether or not able to be protected by
copyright, patent or trademark) during the course of Executive’s employment with the Company, or involving the use of the time, materials or other resources of the Company Group, shall be promptly disclosed to the Company Group and shall become
the exclusive property of the Company Group, and Executive shall execute and deliver any and all documents necessary or appropriate to implement the foregoing. 

(c) For purposes of this Agreement, “Confidential Information” means information that is not generally known to the public
(but for purposes of clarity, Confidential Information shall never exclude any such information that becomes known to the public because of Executive’s unauthorized disclosure) and that is used, developed or obtained by the Company Group in
connection with its business, including, but not limited to, information, observations and data obtained by Executive while employed by the Company Group concerning the business or affairs of the Company Group; products or services; fees, costs and
pricing structures; designs; analyses; drawings, photographs and reports; computer software, including operating systems, applications and program listings; flow charts, manuals and documentation; databases; accounting and business methods;
inventions, devices, new developments, methods and processes, whether patentable or unpatentable and whether or not reduced to practice; customers and clients and customer or client lists; other copyrightable works; all production methods,
processes, technology and trade secrets; and all similar and related information in whatever form. Confidential Information will not include any information that has been published in a form generally available to the public (except as a result of
Executive’s unauthorized disclosure) prior to the date Executive proposes to disclose or use such information. Confidential Information will not be deemed to have been published or otherwise disclosed merely because individual portions of the
information have been separately published, but only if all material features comprising such information have been published in combination. 

(d) For purposes of this Agreement, “Work Product” means all inventions, innovations, improvements, technical information,
systems, software developments, methods, designs, analyses, drawings, reports, service marks, trademarks, trade names, logos and all similar or related information (whether patentable or unpatentable) that relates to the Company Group’s actual
or anticipated business, research and development or existing or future products or services and that are conceived, developed or made by Executive (whether or not during usual business hours and whether or not alone or in conjunction with any other
person) while employed by the Company together with all patent applications, letters patent, trademark, trade name and service mark applications or registrations, copyrights and reissues thereof that may be granted for or upon any of the foregoing.

  
 5 

 7. Non-Solicitation. In consideration of Executive’s
employment and receipt of payments hereunder, during the Restricted Period, Executive shall not directly, or indirectly through another person, (i) induce or attempt to induce any employee, representative, agent or consultant of the Company
Group to leave the employ or services of the Company Group, or in any way materially interfere with the relationship between the Company Group and any employee, representative, agent or consultant thereof, (ii) hire any person who was an
employee, representative, agent or consultant of the Company Group at any time during the six-month period immediately prior to the date on which such hiring would take place or (iii) directly or
indirectly call on, solicit or service any customer, supplier, licensee, licensor, representative, agent or other business relation of the Company Group with whom he had direct or indirect contact or about whom he may have acquired any knowledge
while employed by the Company in order to induce or attempt to induce such person to cease doing business with, or reduce the amount of business conducted with, the Company Group, or in any way materially interfere with the relationship between any
such customer, supplier, licensee, licensor, representative, agent or business relation of the Company Group. The provisions of this Section (7)(i) and (ii) shall apply only to such employees, representatives, agents or consultants of the
Company Group who held or hold at the relevant time a position uniquely essential to the management, organization or service of the Company Group. No action by another person or entity shall be deemed to be a breach of this provision unless
Executive directly or indirectly assisted, encouraged or otherwise counseled such person or entity to engage in such activity. 
 8. Non-Competition; Non-Disparagement. 
 (a) Executive hereby
acknowledges that it is familiar with the Confidential Information of the Company Group. Executive acknowledges and agrees that the Company would be irreparably damaged if Executive were to provide services to any person competing with the Company
Group engaged in a similar business and that such competition by Executive would result in a significant loss of goodwill by the Company. Therefore, Executive agrees that during the Restricted Period, Executive shall not (and shall cause each of
Executive’s or his affiliates not to) directly or indirectly own any interest in, manage, control, participate in (whether as an officer, director, manager, employee, partner, equity holder, member, agent, representative or otherwise), consult
with, render services for, or in any other manner engage in any business engaged directly or indirectly, in the business of the Company Group as conducted or proposed to be conducted as of the end of the CEO Term; provided, that nothing herein shall
prohibit Executive from being a passive owner of not more than 5% of the outstanding stock of any class of a corporation which is publicly traded so long as Executive does not have any active participation in the business of such corporation. 

(b) During the Term and at all times thereafter, neither Executive nor Executive’s agents, on the one hand, nor the Company formally, or
its executives or Board, on the other hand, shall directly or indirectly issue or communicate any public statement, or statement likely to become public, that maligns, denigrates or disparages the other (including, in the case of communications by
Executive or Executive’s agents, the Company Group or any of the Company Group’s officers, directors or employees). The foregoing shall not be violated by truthful (i) responses to legal process or governmental inquiry,
(ii) statements made to defend or enforce rights under this Agreement or (iii) private statements to the Company Group or any of the Company Group’s officers, directors or employees; provided, that, in the case of Executive, with
respect to clause (iii), such statements are made in the course of carrying out Executive’s duties pursuant to this Agreement. 

  
 6 

 9. Enforcement; Tolling; Blue Pencil. 

(a) If Executive commits a breach of any of the provisions of Sections 6, 7 or 8 of this Agreement, the Company shall have the right and
remedy to have the provisions specifically enforced by any court having jurisdiction, it being acknowledged and agreed by Executive that the services being rendered hereunder to the Company Group are of a special, unique and extraordinary character
and that any such breach will cause irreparable injury to the Company Group and that money damages will not provide an adequate remedy to the Company Group. Such right and remedy shall be in addition to, and not in lieu of, any other rights and
remedies available to the Company at law or in equity. Accordingly, Executive consents to the issuance of an injunction, whether preliminary or permanent, consistent with the terms of this Agreement (without posting a bond or other security) if the
Company establishes a violation of Sections 6, 7 or 8 of this Agreement. EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE HAS CAREFULLY READ SECTIONS 6, 7 AND 8 AND HAS HAD THE OPPORTUNITY TO REVIEW SUCH PROVISIONS WITH ANY ADVISORS AS EXECUTIVE CONSIDERED
NECESSARY AND THAT EXECUTIVE UNDERSTANDS THIS AGREEMENT’S CONTENTS AND SIGNIFIES SUCH UNDERSTANDING AND AGREEMENT BY SIGNING BELOW. 

(b) The periods during which the covenants set forth in Sections 6, 7 and 8 shall survive shall be tolled during (and shall be deemed
automatically extended by) any period during which Executive is in violation of any such covenants, to the extent permitted by applicable law. 

(c) If, at any time, the provisions of Sections 6, 7 or 8 shall be determined to be invalid or unenforceable under any applicable law, by
reason of being vague or unreasonable as to area, duration or scope of activity, this Agreement shall be considered divisible and shall become and be immediately amended to only such area, duration and scope of activity as shall be determined to be
reasonable and enforceable by the court or other body having jurisdiction over the matter and Executive and the Company agree that this Agreement as so amended shall be valid and binding as though any invalid or unenforceable provision had not been
included herein. 
 10. Compensation Recovery Policy. If any of the Company’s financial statements are required to be restated due to errors,
omissions, fraud or misconduct (including, but not limited to, circumstances where the Company has been required to prepare an accounting restatement due to material non-compliance with any financial reporting
requirement, as enforced by the Securities and Exchange Commission), the Compensation Committee or the Board may, in its sole discretion but acting in good faith, direct that the Company recover all or a portion of any cash incentive or equity
compensation paid to Executive with respect to any fiscal year of the Company for which the financial results are negatively affected by such restatement; provided, that any amounts the Company recovers pursuant to this Section 10 are
proportional to amounts the Company also recovers from its executive officers generally in connection with such restatement. 

  
 7 

 11. Miscellaneous Provisions. 

(a) Severability. It is the desire and intent of the Parties hereto that the provisions of this Agreement be enforced to the fullest
extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. Accordingly, if any particular provision of this Agreement shall be adjudicated by a court of competent jurisdiction to be invalid,
prohibited or unenforceable under any present or future law, and if the rights and obligations of any party under this Agreement will not be materially and adversely affected thereby, such provision, as to such jurisdiction, shall be ineffective,
without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction; furthermore, in lieu of such invalid or unenforceable provision there will be added
automatically as a part of this Agreement, a legal, valid and enforceable provision as similar in terms to such invalid or unenforceable provision as may be possible. Notwithstanding the foregoing, if such provision could be more narrowly drawn so
as not to be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such
provision in any other jurisdiction. 
 (b) Entire Agreement and Effectiveness. Effective as of the Effective Date, this Agreement
embodies the complete agreement and understanding among the Parties hereto with respect to the subject matter hereof and supersedes and preempts any prior understandings, agreements or representations by or among the Parties, written or oral, with
respect to the subject matter of this Agreement; provided, that Executive’s cash bonus award granted on March 7, 2022, and the award agreements governing the Outstanding Equity awards listed on Schedule I hereto shall remain in full force
and effect except as expressly modified by the terms of this Agreement. 
 (c) Successors and Assigns. 

(i) This Agreement is personal to Executive and without the prior written consent of the Company shall not be assignable by Executive
otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by Executive’s legal representatives. 

(ii) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. The Company will require any
successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the
same extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, “Company” means the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid
that assumes and agrees to perform this Agreement by operation of law, or otherwise. 
 (d) Governing Law. THIS AGREEMENT WILL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE TO BE APPLIED.
IN FURTHERANCE OF THE FOREGOING, THE INTERNAL LAW OF THE STATE OF DELAWARE WILL CONTROL THE INTERPRETATION AND CONSTRUCTION OF THIS AGREEMENT, EVEN IF UNDER SUCH JURISDICTION’S CHOICE OF LAW OR CONFLICT OF LAW ANALYSIS, THE SUBSTANTIVE LAW OF
SOME OTHER JURISDICTION WOULD ORDINARILY APPLY. 

  
 8 

 (e) Enforcement. 

(i) Arbitration. Except for disputes arising under Sections 6, 7 or 8 of this Agreement (including, without limitation, any claim for
injunctive relief), any controversy, dispute or claim arising out of or relating to this Agreement, or its interpretation, application, implementation, breach or enforcement which the Parties are unable to resolve by mutual agreement, shall be
settled by submission by either Executive or the Company of the controversy, claim or dispute to binding arbitration in Alabama (unless the Parties agree in writing to a different location), before a single arbitrator in accordance with the
Employment Dispute Resolution Rules of the American Arbitration Association then in effect. In any such arbitration proceeding, the Parties agree to provide all discovery deemed necessary by the arbitrator. The decision and award made by the
arbitrator shall be accompanied by a reasoned opinion, and shall be final, binding and conclusive on all Parties hereto for all purposes, and judgment may be entered thereon in any court having jurisdiction thereof. The Company will bear the
totality of the arbitrator’s and administrative fees and costs. Each Party shall bear its litigation costs and expenses; provided, however, that the arbitrator shall have the discretion to award the prevailing party reimbursement of its
reasonable attorney’s fees and costs. Upon the request of any of the Parties, at any time prior to the beginning of the arbitration hearing, the Parties may attempt in good faith to settle the dispute by mediation administered by the American
Arbitration Association. The Company will bear the totality of the mediator’s and administrative fees and costs. 
 (ii) Remedies. All
remedies hereunder are cumulative, are in addition to any other remedies provided for by law and may, to the extent permitted by law, be exercised concurrently or separately, and the exercise of any one remedy shall not be deemed to be an election
of such remedy or to preclude the exercise of any other remedy. 
 (iii) Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT. 
 (f)
Amendment and Waiver. The provisions of this Agreement may be amended and waived only with the prior written consent of the Company and Executive and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall
be construed as a waiver of such provisions or affect the validity, binding effect or enforceability of this Agreement or any provision hereof. 

(g) Notices. Any notice provided for in this Agreement must be in writing and must be either personally delivered, transmitted via e-mail, mailed by first class mail (postage prepaid and return receipt requested) or sent by reputable overnight courier service (charges prepaid) to the recipient at the address below indicated or at such other
address or to the attention of such other person as the recipient party has specified by prior written notice to the sending party. Notices will be deemed to have been given hereunder and received when delivered personally, when received if
transmitted via e-mail, five (5) days after deposit in the U.S. mail and one day after deposit for overnight delivery with a reputable overnight courier service. 

  
 9 

 If to the Company, to: 

Computer Programs and Systems, Inc. 

54 St. Emanuel Street 
 Mobile,
AL 36602 
 Attention: Chief Financial Officer 

Matt.chambless@cpsi.com 

with a copy (which shall not constitute notice) to: 

Maynard, Cooper & Gale, P.C. 

1901 Sixth Ave. North 
 Suite
1700 
 Birmingham, AL 35203 

Attention: Timothy W. Gregg 

Tgregg@maynardcooper.com 

If to Executive, to: 

Executive’s home address most recently on file with the Company. 

(h) Withholdings Taxes. The Company may withhold from any amounts payable under this Agreement such federal, state and local taxes as
may be required to be withheld pursuant to any applicable law or regulation. 
 (i) Descriptive Headings. The descriptive headings of
this Agreement are inserted for convenience only and do not constitute a part of this Agreement. All references to a “Section” in this Agreement are to a section of this Agreement unless otherwise noted. 

(j) Construction. Where specific language is used to clarify by example a general statement contained herein, such specific language
shall not be deemed to modify, limit or restrict in any manner the construction of the general statement to which it relates. The language used in this Agreement shall be deemed to be the language chosen by the Parties to express their mutual
intent, and no rule of strict construction shall be applied against any Party. 
 (k) Counterparts. This Agreement may be executed in
separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 

(l) Section 409A. Notwithstanding anything herein to the contrary, this Agreement is intended to be interpreted and
applied so that the payment of the benefits set forth herein either shall either be exempt from the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), or shall comply with the
requirements of such provision. Notwithstanding anything in this Agreement or elsewhere to the contrary, distributions upon 

  
 10 

 
termination of Executive’s employment may only be made upon a “separation from service” as determined under Section 409A of the Code. Each payment under this Agreement or
otherwise shall be treated as a separate payment for purposes of Section 409A of the Code. In no event may Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement or otherwise which
constitutes a “deferral of compensation” within the meaning of Section 409A of the Code. All reimbursements and in-kind benefits provided under this Agreement shall be made or provided in
accordance with the requirements of Section 409A of the Code. To the extent that any reimbursements pursuant to this Agreement or otherwise are taxable to Executive, any reimbursement payment due to Executive shall be paid to Executive on or
before the last day of Executive’s taxable year following the taxable year in which the related expense was incurred; provided, that, Executive has provided the Company written documentation of such expenses in a timely fashion and such
expenses otherwise satisfy the Company’ expense reimbursement policies. Reimbursements pursuant to this Agreement or otherwise are not subject to liquidation or exchange for another benefit and the amount of such reimbursements that Executive
receives in one taxable year shall not affect the amount of such reimbursements that Executive receives in any other taxable year. Notwithstanding any provision in this Agreement to the contrary, if on the date of his termination from employment
with the Company, Executive is deemed to be a “specified employee” within the meaning of Code Section 409A and the Final Treasury Regulations using the identification methodology selected by the Company from time to time, or if none,
the default methodology under Code Section 409A, any payments or benefits due upon a termination of Executive’s employment under any arrangement that constitutes a “deferral of compensation” within the meaning of Code
Section 409A shall be delayed and not paid or provided (or commence, in the case of installments) until the first regular payroll date of the seventh month following Executive’s “separation from service” or such earlier date upon
which such amount can be paid under Section 409A without resulting in a prohibited distribution, including as a result of Executive’s death, and any remaining payments and benefits shall be paid or provided in accordance with the normal
payment dates specified for such payment or benefit. Notwithstanding any of the foregoing to the contrary, the Company and its officers, directors, employees or agents make no guarantee that the terms of this Agreement as written comply with, or are
exempt from, the provisions of Code Section 409A, and the foregoing parties shall not have any liability or obligation to indemnify Executive for the failure of the terms of this Agreement as written or as administered to comply with, or be
exempt from, the provisions of Code Section 409A. 
 [signature page follows] 

  
 11 

 IN WITNESS WHEREOF, the Parties hereto have executed or caused this Agreement to be
duly executed as of the Effective Date. 
  

	
	THE COMPANY:
	
	COMPUTER PROGRAMS AND SYSTEMS, INC.
	
	By: /s/ Matt J. Chambless                              
	Name: Matt J. Chambless
	Title: Chief Financial Officer
	
	EXECUTIVE:
	
	/s/ J. Boyd Douglas,
Jr.                                    
	J. Boyd Douglas, Jr.

  
 12 

 Schedule I 

Outstanding Equity 
  

			
	 Grant Date
	  	 Award Type

	3/6/2020	  	Time-Based Restricted Stock
	3/6/2020	  	PSA
	3/8/2021	  	Time-Based Restricted Stock
	3/8/2021	  	PSA
	3/7/2022	  	Time-Based Restricted Stock
	3/7/2022	  	PSA

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