Document:

Exhibit 10.74

 

NOTE MODIFICATION AGREEMENT

 

BY AND BETWEEN DREW LANE HOLDINGS, LLC

(“PAYEE”)

 

AND

 

MECKLERMEDIA CORPORATION, MECKLERMEDIA.COM SUBSIDIARY
INC.

AND INSIDE NETWORK, INC.

(COLLECTIVELY, “MAKER”)

 

 

EFFECTIVE DATE: July 8, 2015

 

On or about March 16, 2015
(the “Note Date”), Maker executed a Secured Promissory Note (“Note”) in favor
of Payee. Under the Note, Maker promised to pay to the order of Payee the lesser of (i) the principal sum of Five Hundred
Thousand Dollars ($500,000.00), or (ii) the unpaid principal amount of all advances made by Payee to Makers under the Note (“Advances”),
as such Advances are set forth on Exhibit A of the Note and updated from time to time, up to $500,000.00, 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. The Note has a stated final maturity date of March 31, 2018. Payee has agreed to increase
the maximum Amount available under the Note to $750,000.00, and Maker and Payee desire to amend the Note to reflect the new Maximum
Amount (as defined in the Note) and repayment terms. Payee remains the owner and holder of the Note and has agreed with Maker to
modify certain provisions of the Note as set forth herein.

 

Now, therefore, in consideration
of these premises and the exchange of other good and valuable consideration, the receipt of which is hereby acknowledged, Payee
and Maker agree to modify the Note as follows:

 

1.The outstanding principal
amount evidenced by the Note as of the Effective Date is Five Hundred Thousand Dollars ($500,000.00).

 

2.From and after the
Effective Date, upon the written request of Maker, Payee agrees to lend to Maker up to Seven Hundred Fifty Thousand Dollars ($750,000.00)
(which amount includes the outstanding principal on the Note as of the Effective Date) in one or more Advances as set forth on
Exhibit A of the Note and updated from time to time. From and after the Effective Date, the Note is hereby amended to define “Maximum
Amount” to mean the principal sum of Seven Hundred Fifty Thousand Dollars ($750,000.00).

 

3.The Note is hereby
further amended by replacing in its entirety the second paragraph of the Note with the following:

 

“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; (ii) 70% of any and all disbursements of escrow property pursuant to the Escrow Agreement
dated as of August 15, 2014, by and among Mecklermedia Corporation, PGM-MB Holdings LLC, and Deutsche Bank Trust Company Americas
shall be paid to Payee for application against all unpaid principal and accrued but unpaid interest with such payment to be made
within 10 calendar days after the date Maker receives such distribution(s) provided, however, the maximum aggregate payments required
to be made under this clause (ii) shall not exceed seventy percent (70%) of the outstanding principal and accrued and unpaid interest
of this Note when the first such repayment under this clause (ii) is made; and (iii) one final installment of all unpaid principal
and all accrued but unpaid interest shall be due and payable on March 31, 2018.”

 

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4.By this Note Modification
Agreement, all liens, security interests, assignments, superior titles and priorities (collectively, “Liens”)
securing the Note are hereby ratified and confirmed by Maker as valid and subsisting and continue to secure the Note as modified
herein. Nothing in this Note Modification Agreement shall in any manner impair, diminish or extinguish any of the Liens or any
covenant, condition, agreement or stipulation in the Note or any pledge and/or security agreement, and the same except as herein
modified shall continue in full force and effect.

 

5.Except as hereby
specifically amended, modified or supplemented, the Note is hereby confirmed and ratified in all respects and remains in full force
and effect according to its respective terms. This Note Modification Agreement does not constitute a novation of the Note. When
executed by Payee and Maker, this Agreement shall be attached to and become a part of the Note.

 

6.This Note Modification
Agreement shall be binding upon and shall inure to the benefit of the heirs, successors and assigns of the respective parties hereto.

 

NOTICE OF FINAL AGREEMENT.

 

THIS WRITTEN AGREEMENT REPRESENTS THE FINAL
AGREEMENT BETWEEN MAKER AND PAYEE WITH RESPECT TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS
OR SUBSEQUENT ORAL AGREEMENTS BETWEEN MAKER AND PAYEE. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN MAKER AND PAYEE WITH RESPECT
TO THE SUBJECT MATTER HEREOF. 

 

[Signature Page Follows]

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IN WITNESS WHEREOF, the
undersigned have caused this Note Modification Agreement to be executed under seal by Maker and Payee on this 8th day of July 2015.

 

Maker:

 

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

 

 

Payee:

 

 

DREW LANE HOLDINGS, LLC

 

By: /s/ James S. Gertler

Name: James S. Gertler

Title: Managing Member

 

 

    	3Exhibit 4.1

 

CERTIFICATE OF DESIGNATION 

OF

SERIES
A PREFERRED STOCK

OF

NATIONAL
WASTE MANAGEMENT HOLDINGS, INC.

 

Pursuant
to Section 607.0602 the 

Florida Business Corporation Act

 

National
Waste Management Holdings, Inc., a Florida corporation (the “Corporation”), certifies that pursuant to the
authority conferred upon the Board of Directors of the Corporation (the “Board of Directors”) by the Articles
of Incorporation of the Corporation (as further amended from time to time, the (“Articles of Incorporation”),
and in accordance with the provisions of Section 607.0602 of the Florida Business Corporation Act, (the “FBCA”),
the Board of Directors, on June 17, 2015, adopted the following resolution creating a series of its preferred stock, no par value.:

 

RESOLVED,
that (1) pursuant to the authority conferred upon the Board of Directors by the Articles of Incorporation, the Board of Directors
hereby designates five (5) shares of the preferred stock, no par value, of the Corporation as “Series A Preferred Stock”,
and the powers, designations, preferences and relative, participating, optional and other rights of the Series A Preferred Stock
and the qualifications, limitations and restrictions thereof, be, and they hereby are, as set forth in this certificate of designation
(this “Certificate of Designation”), and (2) in connection therewith, the officers of the Corporation
be, and each of them hereby is, authorized, empowered and directed on behalf of the Corporation and in its name to execute and
to file this Certificate of Designation with the Secretary of State of the State of Florida:

 

TERMS
OF SERIES A PREFERRED STOCK

 

Section
1.  Definitions.
 For the purposes hereof, the following terms shall have the following meanings:

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common
control with a Person, as such terms are used in and construed under Rule 405 of the Securities Act.

 

“Board
of Directors” means the board of directors of the Corporation.

 

“Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or
any day on which banking institutions in the State of New York are authorized or required by law or other governmental action
to close.

 

“Commission”
means the United States Securities and Exchange Commission and its staff.

 

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“Common
Stock” means the Corporation’s common stock, no par value, and stock of any other class of securities into which
such securities may hereafter be reclassified or changed.

 

“Common
Stock Equivalents” means any securities of the Corporation or the Subsidiaries which would entitle the holder thereof
to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, rights, options, warrants or other
instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to
receive, Common Stock.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Holder”
shall have the meaning given such term in Section 2.

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Securities”
means the Series A Preferred Stock.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Series
A Preferred Stock” shall have the meaning set forth in Section 2.

 

“Trading
Day” means a day on which the principal Trading Market is open for business.

 

“Trading
Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on
the date in question: the NYSE MKT, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the
New York Stock Exchange or the OTC Bulletin Board (or any successors to any of the foregoing).

 

Section
2.  Designation; Rank.  The series
of preferred stock created hereunder shall be designated as its Series A Preferred Stock (the “Series A Preferred Stock”)
and the number of shares so designated shall be five (5) which shall not be subject to increase without the unanimous written
consent of the holders of the Series A Preferred Stock (each, a “Holder” and collectively, the “Holders”).
 Each share of Series A Preferred Stock shall have no par value. Except as otherwise provided herein, the Series A Preferred
Stock shall, with respect to rights on liquidation, winding up and dissolution, rank pari passu to the Common Stock.

 

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Section
3.  Dividends.
The Holders shall not be entitled to receive, and the Corporation shall not pay to the Holders, any dividend or distribution.

 

Section
4.  Conversion.
The Holders shall not be entitled to convert the Series A Preferred Stock into Common Stock.

 

Section
5.  Voting
Rights. Except as otherwise required by law or expressly provided herein, each share of Series A Preferred Stock shall be
entitled to vote in conjunction with the Common Stock on all matters submitted or required to be submitted to a vote of the stockholders
of the Corporation (the “Voting Event”). Each share of Series A Preferred Stock shall be entitled to such number of
votes that equal the total number of Common Stock outstanding and entitled to vote on such Voting Event (the “Vote Multiplier”)
as of the record date for the determination of stockholders entitled to vote on such matters or, if no such record date is established,
at the date such vote is taken or any written consent of stockholders is solicited. In each such case, except as otherwise required
by law or expressly provided herein, the holders of shares of Series A Preferred Stock and Common Stock shall vote together and
not as separate classes.

 

Section
6.  Liquidation.

 

(a)If
the Company shall commence a voluntary case under the U.S. Federal bankruptcy laws or any other applicable bankruptcy, insolvency
or similar law, or consent to the entry of an order for relief in an involuntary case under any law or to the appointment of a
receiver, liquidator, assignee, custodian, trustee, sequestrator (or other similar official) of the Company or of any substantial
part of its property, or make an assignment for the benefit of its creditors, or admit in writing its inability to pay its debts
generally as they become due, or if a decree or order for relief in respect of the Company shall be entered by a court having
jurisdiction in the premises in an involuntary case under the U.S. Federal bankruptcy laws or any other applicable bankruptcy,
insolvency or similar law resulting in the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or
other similar official) of the Company or of any substantial part of its property, or ordering the winding up or liquidation of
its affairs, and any such decree or order shall be unstayed and in effect for a period of sixty (60) consecutive days and, on
account of any such event, the Company shall liquidate, dissolve or wind up, or if the Company shall otherwise liquidate, dissolve
or wind up (a “Liquidation Event”), no distribution shall be made to the Holders of any shares of capital stock of
the Company (other than Senior Securities) upon liquidation, dissolution or winding up unless prior thereto the Holders of shares
of Series A Preferred Stock shall have received the Liquidation Preference with respect to each share.

 

(b)
The purchase or redemption by the Company of stock of any class, in any manner permitted by law, shall not, for the purposes
hereof, be regarded as a liquidation, dissolution or winding up of the Company. Neither the consolidation nor merger of the Company
with or into any other entity nor the sale or transfer by the Company of less than substantially all of its assets shall, for
the purposes hereof, be deemed to be a liquidation, dissolution or winding up of the Company.

 

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(c)
The “Liquidation Preference” with respect to a share of Series A Preferred Stock means an amount equal to the
par value thereof. The Liquidation Preference with respect to any other security shall be as set forth in the Certificate of Designation
filed in respect thereof.

 

Section
7.  Redemption.  The Series A Preferred Stock shall not be subject to redemption by the Corporation
without unanimous written consent of the Holders.

 

Section
8.  Protection Provisions.

 

So
long as any shares of Series A Preferred Stock are outstanding, the Company shall not, without first obtaining the approval (by
vote or written consent, as provided by the FBCA) of the Holders of at least a majority of the then outstanding shares of the
Series A Preferred Stock:

 

(a)  alter
or change the rights, preferences or privileges of the Series A Preferred Stock;

 

(b)  alter
or change the rights, preferences or privileges of any capital stock of the Company so as to affect adversely the Series A Preferred
Stock;

 

(c)   create
any new class or series of capital stock having a preference over the Series A Preferred Stock as to distribution of assets upon
liquidation, dissolution or winding up of the Company ;

 

(d)   create
any new class or series of capital stock ranking pari passu with the Series A Preferred Stock as to distribution of assets
upon liquidation, dissolution or winding up of the Company;

 

Section
9.  No Impairment.   The Company will not, by amendment of its Articles of Incorporation or through any
reorganization, recapitalization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other
voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder
by the Company, but will at all times in good faith assist in the carrying out of all the provisions of this Certificate of Designation
and in the taking of all such action as may be necessary or appropriate in order to protect the conversion rights of the holders
of the Series A Preferred Stock against impairment.

 

    	4

    	 

    

 

Section
10.   Miscellaneous.

 

a)    Notices.
 Any and all notices or other communications or deliveries to be provided by the Holders hereunder including, without limitation,
any Notice of Conversion, shall be in writing and delivered personally, or sent by a nationally recognized overnight courier service,
addressed to the Corporation, at the address set forth below:

 

National
Waste Management Holdings, Inc.

5920
N. Florida Avenue

Hernando,
Florida, 34442

Attn:
Chief Executive Officer

 

Any
and all notices or other communications or deliveries to be provided by the Corporation hereunder shall be in writing and delivered
personally, by facsimile, or sent by a nationally recognized overnight courier service addressed to each Holder at the facsimile
number or address of such Holder appearing on the books of the Corporation.

 

Any
notice or other communication or deliveries hereunder shall be deemed given and effective on the earliest of (i) the date of transmission,
if such notice or communication is delivered via facsimile at the facsimile number set forth in this Section prior to 5:30 p.m.
(Eastern Standard Time) on any date, (ii) the next Trading Day after the date of transmission, if such notice or communication
is delivered via facsimile at the facsimile number set forth in this Section on a day that is not a Trading Day or later than
5:30 p.m. (Eastern Standard Time) on any Trading Day, (iii) the second Trading Day following the date of mailing, if sent by U.S.
nationally recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice is required to be
given.

 

b)    Lost
or Mutilated Series A Preferred Stock Certificate.  If a Holder’s Series A Preferred Stock certificate shall be
mutilated, lost, stolen or destroyed, the Corporation shall execute and deliver, in exchange and substitution for and upon cancellation
of a mutilated certificate, or in lieu of or in substitution for a lost, stolen or destroyed certificate, a new certificate for
the shares of Series A Preferred Stock so mutilated, lost, stolen or destroyed, but only upon receipt of evidence of such loss,
theft or destruction of such certificate, and of the ownership thereof reasonably satisfactory to the Corporation.

 

c)    Waiver.
 Any waiver by the Corporation or a Holder of a breach of any provision of this Certificate of Designation shall not operate
as or be construed to be a waiver of any other breach of such provision or of any breach of any other provision of this Certificate
of Designation or a waiver by any other Holders.  The failure of the Corporation or a Holder to insist upon strict adherence
to any term of this Certificate of Designation on one or more occasions shall not be considered a waiver or deprive that party
(or any other Holder) of the right thereafter to insist upon strict adherence to that term or any other term of this Certificate
of Designation on any other occasion.  Any waiver by the Corporation or a Holder must be in writing.

 

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d)    Severability.
 If any provision of this Certificate of Designation is invalid, illegal or unenforceable, the balance of this Certificate
of Designation shall remain in effect, and if any provision is inapplicable to any Person or circumstance, it shall nevertheless
remain applicable to all other Persons and circumstances.  If it shall be found that any interest or other amount deemed
interest due hereunder violates the applicable law governing usury, the applicable rate of interest due hereunder shall automatically
be lowered to equal the maximum rate of interest permitted under applicable law.

  

e)    Headings.
 The headings contained herein are for convenience only, do not constitute a part of this Certificate of Designation and
shall not be deemed to limit or affect any of the provisions hereof.

 

f)     Status
of Converted Series A Preferred Stock.   If any shares of Series A Preferred Stock shall be reacquired by the Corporation,
such shares shall resume the status of authorized but unissued shares of preferred stock and shall no longer be designated as
Series A Preferred Stock.

 

RESOLVED,
FURTHER, that the Chairman, the president or any vice-president, and the secretary or any assistant secretary, of the Corporation
be and they hereby are authorized and directed to prepare and file this Certificate of Designation in accordance with the foregoing
resolution and the provisions of Delaware General Corporation law.

 

IN WITNESS
WHEREOF, the undersigned have executed this Certificate this 17th day of June, 2015.

 

	 	 
	 	Charles
    Teelon
	 	 
	 	 
	 	Louis
    “Tiny” Paveglio
	 	 
	 	 
	 	Jeff
    Chartier

 

 

6

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