Document:

Exhibit
4.8

 

AMENDED
AND RESTATED

REVOLVING
CONVERTIBLE PROMISSORY NOTE

 

	Up
    To $500,000.00	July
    2, 2018
	 	Orlando,
    Florida

 

For
value received FreeCast, Inc., a Florida corporation (the “Company”), promises to pay to Nextelligence, Inc.
or its assigns (“Holder”) the principal sum borrowed through various installments as needed at the discretion of the
Company, together with accrued and unpaid interest thereon, each or all due and payable on the date and in the manner set forth
below.

 

This
convertible promissory note (the “Note”) is issued as part of a series of similar convertible promissory notes
(collectively, the “Notes”) pursuant to the terms of that certain Convertible Promissory Note Purchase Agreement
(as amended, the “Agreement”) dated as of January 3, 2017. Capitalized terms used herein without definition
shall have the meanings given to such terms in the Agreement.

 

1.
Repayment. All payments of interest and principal shall be in lawful money of the United States of America and shall be made
pro rata among all Holders. All payments shall be applied first to accrued interest, and thereafter to principal. The outstanding
principal amount of the Loan shall be due and payable on July 1, 2020 (the “Maturity Date”).

 

2.
Interest Rate. The Company promises to pay simple interest on the outstanding principal amount hereof from the date hereof
until payment in full, which interest shall be payable at the rate of 12% per annum or the maximum rate permissible by law, whichever
is less. Interest shall be due and payable on the Maturity Date and shall be calculated on the basis of a 365-day year for the
actual number of days elapsed.

 

3.
Conversion; Repayment Premium Upon Sale of the Company.

 

(a)
In the event that the Company issues and sells shares of its Equity Securities to investors (the “Investors”)
after July 1, 2018, Holder shall have the right to elect, by written notice to the Company, to convert the principal amount of
this Note and accrued and unpaid interest thereon (the “Convertible Amount”) in whole or in part into that
number of shares of Equity Securities equal to the Convertible Amount divided by $0.25 (the “Conversion Price”),
in lieu of having the Company repay the Notes pursuant to the terms thereof.

 

(b)
In the event that a Qualified Financing is not consummated prior to the Maturity Date, Holder shall have the right to elect, by
written notice to the Company made at least five days prior to the Maturity Date, effective upon the Maturity Date, to convert
the outstanding principal balance and any accrued and unpaid interest under this Note, and each of the other Notes, into shares
of the Company’s Common Stock at the Conversion Price.

 

(c)
If, after aggregation, the conversion of this Note would result in the issuance of a fractional share, the Company shall, in lieu
of issuance of any fractional share, pay the Holder otherwise entitled to such fraction a sum in cash equal to the product resulting
from multiplying the then current fair market value of one share of the class and series of capital stock into which this Note
has converted by such fraction.

 

(d)
“Equity Securities” shall mean the Company’s Common Stock or any securities conferring the right to purchase
the Company’s Preferred Stock or securities convertible into, or exchangeable for (with or without additional consideration),
the Company’s Preferred Stock, except that such defined term shall not include any security (x) granted, issued and/or sold
by the Company to any employee, director or consultant in such capacity or (y) issued upon the conversion or exercise of any option
or warrant outstanding as of the date of this Note.

 

     

     

    

 

4.
Maturity. Unless this Note has been previously converted in accordance with the terms of Sections 3(a) through (c) above,
the entire outstanding principal balance and all unpaid accrued interest shall become fully due and payable on the Maturity Date.

 

5.
Expenses. In the event of any default hereunder, the Company shall pay all reasonable attorneys’ fees and court costs
incurred by Holder in enforcing and collecting this Note.

 

6.
Prepayment. The Company may not prepay this Note prior to the Maturity Date without the consent of the Requisite Holders.

 

7.
Default. If there shall be any Event of Default hereunder, at the option and upon the declaration of the Requisite Holders
and upon written notice to the Company (which election and notice shall not be required in the case of an Event of Default under
Section 7(c) or 7(d)), this Note shall accelerate and all principal and unpaid accrued interest shall become due and payable.
The occurrence of any one or more of the following shall constitute an Event of Default:

 

(a)
The Company fails to pay timely any of the principal amount due under this Note on the date the same becomes due and payable or
any accrued interest or other amounts due under this Note on the date the same becomes due and payable;

 

(b)
The Company shall default in its performance of any covenant under the Agreement or any Note;

 

(c)
The Company files any petition or action for relief under any bankruptcy, reorganization, insolvency or moratorium law or any
other law for the relief of, or relating to, debtors, now or hereafter in effect, or makes any assignment for the benefit of creditors
or takes any corporate action in furtherance of any of the foregoing; or

 

(d)
An involuntary petition is filed against the Company (unless such petition is dismissed or discharged within 60 days under any
bankruptcy statute now or hereafter in effect, or a custodian, receiver, trustee, assignee for the benefit of creditors (or other
similar official) is appointed to take possession, custody or control of any property of the Company.

 

8.
Waiver. The Company hereby waives demand, notice, presentment, protest and notice of dishonor.

 

9.
Governing Law. This Note shall be governed by and construed under the laws of the State of Florida, as applied to agreements
among Florida residents, made and to be performed entirely within the State of Florida, without giving effect to conflicts of
laws principles.

 

10.
Parity with Other Notes. The Company’s repayment obligation to the Holder under this Note shall be on parity with
the Company’s obligation to repay all Notes issued pursuant to the Agreement. In the event that the Company is obligated
to repay the Notes and does not have sufficient funds to repay all the Notes in full, payment shall be made to the Holders of
the Notes on a pro rata basis. The preceding sentence shall not, however, relieve the Company of its obligations to the
Holder hereunder.

 

    2

     

    

 

11.
Modification; Waiver. Any term of this Note may be amended or waived with the written consent of the Company and the Requisite
Holders.

 

12.
Assignment. This Note may be transferred only upon its surrender to the Company for registration of transfer, duly endorsed,
or accompanied by a duly executed written instrument of transfer in form satisfactory to the Company. Thereupon, this Note shall
be reissued to, and registered in the name of, the transferee, or a new Note for like principal amount and interest shall be issued
to, and registered in the name of, the transferee. Interest and principal shall be paid solely to the registered holder of this
Note. Such payment shall constitute full discharge of the Company’s obligation to pay such interest and principal.

 

13.
Prior Note. The Company and Holder each acknowledge that this Note amends and restates, and supersedes and replaces,
in its entirety, that certain Revolving Convertible Promissory Note dated July I, 2018, in the original principal amount of up
to $500,000 executed by the Company and Holder (the “Prior Note”). It is the intention of the Company and Holder
that this Note amends, restates, supersedes and replaces the Prior Note, in its entirety, as of the date first set forth above.
Should there be any conflict between any of the terms of the Prior Note and the terms of this Note, the terms of this Note shall
control.

 

	 	FreeCast,
    Inc.
	 	 	 
	 	By:	/s/
William A. Mobley, Jr.
	 		William
    A. Mobley, Jr., President

 

HOLDER:

 

Nextelligence,
Inc.

 

	By:	/s/
William A. Mobley, Jr.	 
	 	 	 
	Name: 	William
A. Mobley, Jr.	 
	 	 	 
	Title:	President	 

 

Principal
Amount of Note(s): Up to $500,000

Date
of Note: Various

 

3Exhibit 4.9

 

NEITHER THIS WARRANT NOR THE SHARES UNDERLYING
THIS WARRANT MAY BE SOLD, ASSIGNED, TRANSFERRED, CONVEYED, PLEDGED, HYPOTHECATED, ENCUMBERED OR OTHERWISE DISPOSED OF UNLESS (A)
THEY ARE COVERED BY A REGISTRATION STATEMENT OR POST-EFFECTIVE AMENDMENT THERETO, EFFECTIVE UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, OR (B) SUCH SALE, ASSIGNMENT, TRANSFER, CONVEYANCE, PLEDGE, HYPOTHECATION, ENCUMBRANCE OR OTHER DISPOSITION IS EXEMPT
FROM THE PROVISIONS OF SECTION 5 OF THAT ACT.

 

FREECAST, INC.

 

WARRANT TO PURCHASE

675,000 SHARES OF COMMON STOCK

 

FOR VALUE RECEIVED,
Christopher M Savine, an individual (“Savine”), is entitled to purchase, subject to the provisions hereof,
from FREECAST, INC., a Florida corporation (the “Company”), Six Hundred Seventy-Five Thousand (675,000) fully paid,
validly issued and non-assessable shares of common stock, par value $0.0001 per share (the “Common Stock”), of the
Company (the “Shares”), at a price equal to Sixty Cents ($0.60) per share. The right to purchase the Shares under
this Warrant is exercisable, in whole or in part, at any time subsequent to May 1, 2017 but prior to 5:00 p.m., Eastern time,
on April 30, 2027; provided, however, that, upon the occurrence of a Change in Control of the Company (as such term is hereinafter
defined), the right to purchase the Shares under this Warrant shall become immediately exercisable in full.

 

The Shares deliverable
upon exercise of this Warrant (including any adjusted number of Shares issuable pursuant to the provisions of this Warrant) are
hereinafter sometimes referred to as “Warrant Shares” and the exercise price per Share in effect at any time and as adjusted
from time to time is hereinafter sometimes referred to as the “Exercise Price.” This Warrant and all warrants issued
upon transfer, division or in substitution hereof are hereinafter sometimes referred to as the “Warrants.”

 

1. Exercise of Warrant.

 

(a) Subject to the
other provisions set forth herein, this Warrant may be exercised by presentation and surrender to the Company at its principal
office, or at the office of its principal stock transfer agent, with the Purchase Form annexed hereto duly executed and accompanied
by payment of the Exercise Price for the Warrant Shares. Payment shall be made by wire transfer or electronic funds transfer or
by certified or official bank check. As soon as practicable after the exercise of this Warrant, and in any event within three
New York Stock Exchange, Inc. trading days, the Company shall issue and deliver to the Holder a certificate or certificates representing
the number of Shares issuable upon the exercise of this Warrant (or such lesser number as shall be indicated on the Purchase Form),
registered in the name of the Holder or his designee. Such certificate(s) shall bear a restrictive legend restricting the transferability
of such shares under the Securities Act of 1933, as amended (the “Act”).

 

     

     

    

 

(b) If this Warrant is
exercised only in part, the Company also shall issue and deliver to the Holder a new Warrant, substantially in the form of this
Warrant, covering the number of Warrant Shares which then remain issuable hereunder.

 

(c) The Company shall
pay any and all documentary stamp or similar issue or transfer taxes payable in respect of the issue or delivery of Warrant Shares
on exercise of this Warrant.

 

2. Reservation
of Shares. The Company shall at all times reserve and keep available, free from pre-emptive rights, out of its authorized
but unissued capital stock, for issuance on exercise of this Warrant, such number of Shares as shall be required for issuance
and delivery upon exercise of this Warrant.

 

3. Fractional Shares.
No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant.

 

4. Loss or Destruction
of Warrant. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this
Warrant, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation
of this Warrant, if mutilated, the Company will execute and deliver a new Warrant of like tenor and date. Any such new Warrant
executed and delivered shall not constitute an additional contractual obligation on the part of the Company, whether or not this
Warrant so lost, stolen, destroyed, or mutilated shall be at any time enforceable by anyone.

 

5. Rights of a
Holder. The Holder shall not, by virtue hereof, be entitled to any rights of a shareholder in the Company, either at law or
equity, and the rights of the Holder are limited to those expressed in this Warrant and are not enforceable against the Company
except to the extent set forth herein.

 

6. Change in Control.
“Change in Control of the Company” means any change in control of the Company of a nature which would be required
to be reported (a) in response to Item 6(e) of Schedule 14A of Regulation 14A, as in effect on the date of this Warrant, promulgated
under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), (b) in response to Item 1.01 or 5.01 of
the Current Report on Form 8-K, as in effect on the date of this Warrant, promulgated under the Exchange Act, or (c) in any filing
by the Company with the United States Securities and Exchange Commission, regardless of whether the Company is subject to the
reporting provisions of the Exchange Act; provided, however, that, without limitation, a Change in Control of the Company shall
be deemed to have occurred if:

 

(a)
subsequent
to the date of this Agreement, any “person” (as such term is defined in Sections 13(d)(3) and 14(d)(2) of the Exchange
Act), other than the Company, any subsidiary of the Company or any compensation, retirement, pension or other employee benefit
plan or trust of the Company or any subsidiary of the Company, becomes the “beneficial owner” (as such term is defined
in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of the Company or any successor to the
Company (whether by merger, consolidation or otherwise) representing twenty percent (20%) or more of the combined voting power
of the Company’s then outstanding securities;

 

    2

     

    

 

(b) during
any period of two consecutive years, the individuals who at the beginning of such period constitute the Board of Directors of the
Company cease for any reason to constitute at least a majority of such Board of Directors, unless the election of each director
who was not a director at the beginning of such period has been approved in advance by the directors representing at least two-thirds
of the directors then in office who were directors at the beginning of such period;

 

(c) the
Company shall merge or consolidate with or into another corporation or other entity, or enter into a binding agreement to merge
or consolidate with or into another corporation or other entity, other than a merger or consolidation which would result in the
voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding
or by being converted into voting securities of the surviving corporation or entity) not less than eighty percent (80%) of the
combined voting power of the voting securities of the Company or such surviving corporation or entity outstanding immediately after
such merger or consolidation;

 

(d) the
Company shall sell, lease, exchange or otherwise dispose of all or substantially all of its assets, or enter into a binding agreement
for the sale, lease, exchange or other disposition of all or substantially all of its assets, in one transaction or in a series
of related transactions; or

 

(e) the
Company shall liquidate or dissolve, or any plan or proposal shall be adopted for the liquidation or dissolution of the Company.

 

7. Anti-Dilution Rights.

 

(a)
If at any time after the date hereof the Company declares or authorizes any dividend (other than a cash dividend), stock
split, reverse stock split, combination, exchange of Shares, or there occurs any recapitalization, reclassification
(including any consolidation or merger), sale or acquisition of property or stock, reorganization or liquidation, or if the
outstanding Shares are changed into the same or a different number of Shares of the same or another class or classes of stock
of the Company, then the Company shall cause effective provision to be made so that the Holder shall, upon exercise of this
Warrant following such event, be entitled to receive the number of shares of stock or other securities or the cash or
property of the Company (or of the successor
corporation or other entity resulting from any consolidation or merger) to which the Warrant Shares (and any other
securities) deliverable upon the exercise of this Warrant would have been entitled if this Warrant had been exercised
immediately prior to the earlier of (i) such event and (ii) the record date, if any, set for determining the stockholders
entitled to participate in such event, and the Exercise Price shall be adjusted appropriately so that the aggregate amount
payable by the Holder upon the full exercise of this Warrant remains the same. The Company shall not effect any
recapitalization, reclassification (including any consolidation or merger) unless, upon the consummation thereof, the
successor corporation or entity shall assume by written instrument the obligation to deliver to the Holder the shares of
stock, securities, cash or property that the Holder shall be entitled to acquire in accordance with the foregoing provisions,
which instrument shall contain provisions calculated to ensure for the Holder, to the greatest extent practicable, the
benefits provided for in this Warrant.

 

    3

     

    

 

(b) If, pursuant to the
provisions of this paragraph 7, the Holder would be entitled to receive shares of stock or other securities upon the exercise of
this Warrant in addition to the Shares issuable upon exercise of this Warrant, then the Company shall at all times reserve and
keep available sufficient shares of other securities to permit the Company to issue such additional shares or other securities
upon the exercise of this Warrant.

 

(c) The Company shall
at any time if so requested by the Holder furnish a written summary of all adjustments made pursuant to this paragraph 7 promptly
following any such request.

 

8. Registration of
Securities. The Holder shall have the right at any time and from time to time to require the Company to register the Warrant
and the Warrant Shares for resale to the public under the Act and any applicable state securities or blue sky laws. Any request
for such registration shall be made by delivery of written notice to the Company. The Holder shall promptly furnish to the Company
such information as the Company shall reasonably request to enable it to prepare and file any and all required registration statements
and amendments thereto. Except as may be required by law, the Company shall pay all fees and costs incurred in connection with
the preparation and filing of any registration statement with the Securities and Exchange Commission and any applicable state
securities authority.

 

9. Survival. Any
obligation of the Company under this Warrant, the complete performance of which may require performance beyond the term of this
Warrant, shall survive the expiration of such term.

 

10. Amendments and
Waivers. The respective rights and obligations of the Company and the Holder may be modified or waived only by a writing executed
by the party against whom the amendment or waiver is to be enforced.

 

    4

     

    

 

11.
Governing Law. This Agreement shall be governed by, and shall be construed and interpreted in accordance with, the laws
of the State of Florida, without giving effect to the provisions regarding the conflicts of law thereof.

 

12. Entire Agreement.
This Warrant constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all
prior agreements, understandings, negotiations and arrangements, both oral and written, between the parties with respect to such
subject matter.

 

13. Headings. The
headings contained in this Warrant are for reference purposes only and shall not affect in any way the meaning or interpretation
of any or all of the provisions hereof.

 

IN WITNESS WHEREOF,
the Company has caused this Warrant to be executed and delivered by its undersigned officer thereunto duly authorized as of May
3, 2016.

 

	 	FREECAST, INC.
	 	 	 
	 	By:	/s/ William A. Mobley, Jr.
	 	 	William A. Mobley, Jr. 
	 	 	Chief Executive Officer

 

    5

     

    

 

PURCHASE FORM

 

The undersigned hereby irrevocably elects to exercise
the within Warrant as to _________ Shares and hereby makes payment of $________ in payment of the actual exercise price thereof.

 

INSTRUCTIONS FOR REGISTRATION OF COMMON STOCK:

 

	Name:	 
	 	(Please typewrite or print in block letters)
	 	 
	Address:	 
	 	 
	 	 
	 	 
	Dated:	 
	 	 
	Signature: 	 

 

 

6

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