Document:

Exhibit 4.10

 

FIRST AMENDMENT TO REVOLVING CONVERTIBLE PROMISSORY
NOTE

 

THIS FIRST AMENDMENT TO
REVOLVING CONVERTIBLE PROMISSORY NOTE (this “Amendment”) is made and entered into as of June 13, 2022 (the “Effective
Date”), by and between FREECAST, INC. (“Borrower”) and NEXTELLIGENCE, INC. (together with successors and
assigns, “Lender”). Borrower and Lender are referred to herein as the “Parties,” and each, a “Party.”

 

R E C I T A L S:

 

WHEREAS, Borrower executed
a Revolving Convertible Promissory Note in favor of Lender in the principal amount of up to $2,500,000, dated June 30, 2021 (the “Existing
Note”);

 

WHEREAS, Borrower has
requested and Lender has agreed to, among other things, amend the terms and conditions of the Existing Note pursuant to the terms and
conditions of this Amendment; and

 

WHEREAS, all capitalized
terms not otherwise defined herein shall have the meaning ascribed thereto in the Existing Note.

 

NOW, THEREFORE, in
consideration of the premises set forth above and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties agree as follows:

 

1. Amendment to the Existing
Note. As of the Effective Date, the Existing Note is hereby amended or modified by:

 

Deleting the first paragraph
in its entirety and replacing it with the following:

 

“FOR VALUE RECEIVED,
the undersigned FREECAST, INC. (“Maker”) hereby promises to pay to the order of NEXTELLIGENCE, INC. (“Payee”)
at such place as Payee may designate from time to time in writing to Maker, in immediately available funds of official currency of the
United States, the aggregate principal amount as may be outstanding hereunder from time to time not to exceed Six Million and 00/100 Dollars
($6,000,000), together with interest thereon from the date of this Revolving Convertible Promissory Note (this “Note”),
as provided herein.”

 

2. Date of Effectiveness;
Limited Effect. This Amendment will become effective as of the Effective Date. Except as expressly provided in this Amendment, all
of the terms and provisions of the Existing Note are and will remain in full force and effect and are hereby ratified and confirmed by
the Parties. Without limiting the generality of the foregoing, the amendments contained herein will not be construed as an amendment to
or waiver of any other provision of the Existing Note or as a waiver of or consent to any further or future action on the part of either
Party that would require the waiver or consent of the other Party. On and after the Effective Date, each reference in the Existing Note
to “this Note,” “the Note,” “hereunder,” “hereof,” “herein” or words of like
import will mean and be a reference to the Existing Note as amended by this Amendment.

 

3. Miscellaneous.

 

(a) This Amendment is governed
by, and construed in accordance with, the laws of the State of Florida, without regard to the conflict of laws provisions of such State.

 

(b) This Amendment shall inure
to the benefit of and be binding upon each of the Parties and each of their respective successors and assigns.

 

     

     

    

 

(c) The headings in this Amendment
are for reference only and do not affect the interpretation of this Amendment.

 

(d) This Amendment may be
executed in any number of counterparts, each of which when so executed and delivered will be deemed an original, and all of which together
shall constitute one and the same agreement. This Amendment may be executed and delivered by e-mail transmission (as a .pdf, .tif, or
similar attachment) and upon such delivery the .pdf, .tif, or similar signature will be deemed to have the same effect as if the original
signature had been delivered to the other Party.

 

(e) This Amendment constitutes
the sole and entire agreement of the Parties with respect to the subject matter contained herein, and supersedes all prior and contemporaneous
understandings, agreements, representations and warranties, both written and oral, with respect to such subject matter.

 

IN WITNESS WHEREOF, the undersigned have
executed and delivered this First Amendment to Revolving Convertible Promissory Note on and as of the Effective Date.

 

	 	BORROWER:
	 	 
	 	FreeCast, Inc.
	 	 	 
	 	By:	/s/ Jonathan Morris
	 	 	Jonathan Morris, CFO

 

Agreed to and accepted:

LENDER:

 

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

 

FLORIDA DOCUMENTARY STAMP TAX REQUIRED BY LAW
IN THE AMOUNT OF $2,450 WITH RESPECT TO THE INDEBTEDNESS EVIDENCED BY THE EXISTING NOTE HAS BEEN PREVIOUSLY PAID. NO ADDITIONAL DOCUMENTARY
STAMP TAX IS DUE IN CONNECTION HEREWITH.Exhibit 10.8

 

LOAN AGREEMENT

 

Loan Amount: ($100,000)

 

Date:  June 21, 2022

 

I. THE PARTIES. For the above value
received by FreeCast, Inc. with a mailing address of 6901 TPC Drive #100, City of Orlando, State of FL, (the “Borrower”),
agrees to pay Carl Peterson with a mailing address of 9240 Sloan Street, City of Orlando, State of FL, (the “Lender”).

 

II. PAYMENT.  This agreement,
(the “Note”), shall be due and payable, including the principal and any accrued interest, in one of the following ways:

 

All payments made by the Borrower are to be
applied first (1st) to any accrued interest and then to the principal balance. The total amount of the loan shall be due and
payable on the 1st day of March 1, 2023.

 

III. INTEREST.  The Note shall

 

☒ -  Bear interest at a rate of SIX
percent (6%) compounded annually. The rate must be equal to or less than the usury rate in the State of the Borrower.

 

☐ -  Not
bear interest.

 

IV. PREPAYMENT.  The Borrower
has the right to pay back the loan in-full or make additional payments at any time without penalty.

 

V. REMEDIES.  No delay or omission
on part of the holder of this Note in exercising any right hereunder shall operate as a waiver of any such right or of any other right
of such holder, nor shall any delay, omission or waiver on any one occasion be deemed a bar to or waiver of the same or any other right
on any future occasion. The rights and remedies of the Lender shall be cumulative and may be pursued singly, successively, or together,
in the sole discretion of the Lender.

 

     

     

    

 

VI. EVENTS OF ACCELERATION.  The
occurrence of any of the following shall constitute an “Event of Acceleration” by the Lender under this Note:

 

		(a)	Borrower’s failure to pay any part of the principal
or interest as and when due under this Note; or

 

		(b)	Borrower’s becoming insolvent or not paying its debts
as they become due.

 

VII. ACCELERATION.  Upon the occurrence
of an Event of Acceleration under this Note, and in addition to any other rights and remedies that Lender’s may have, Lender shall
have the right, at its sole and exclusive option, to declare this Note immediately due and payable. 

 

VIII. SUBORDINATION. 
The Borrower’s obligations under this Promissory Note are subordinated to all indebtedness, if any, of the Borrower, to any unrelated
third party lender to the extent such indebtedness is outstanding on the date of this Note and such subordination is required under the
loan documents providing for such indebtedness.

 

IX. WAIVERS BY BORROWER.  All
parties to this Note including the Borrower and any sureties, endorsers, and guarantors hereby waive protest, presentment, notice of dishonor,
and notice of acceleration of maturity and agree to continue to remain bound for the payment of principal, interest and all other sums
due under this Note notwithstanding any change or changes by way of release, surrender, exchange, modification or substitution of any
security for this Note or by way of any extension or extensions of time for the payment of principal and interest; and all such parties
waive all and every kind of notice of such change or changes and agree that the same may be made without notice or consent of any of them. 

 

X. EXPENSES.  In the event any
payment under this Note is not paid when due, the Borrower agrees to pay, in addition to the principal and interest hereunder, reasonable
attorneys’ fees not exceeding a sum equal to the maximum usury rate in the State of Florida of the then outstanding balance owing on the
Note, plus all other reasonable expenses incurred by Lender in exercising any of its rights and remedies upon default.

 

XI. GOVERNING LAW.  This Note
shall be governed by, and construed in accordance with, the laws of the State of Florida.

 

XII. SUCCESSORS.  All of the foregoing
is the promise of Borrower and shall bind Borrower and Borrower’s successors, heirs and assigns; provided, however, that Lender
may not assign any of its rights or delegate any of its obligations hereunder without the prior written consent of the holder of this
Note.

 

    2

     

    

 

IN
WITNESS WHEREOF, Borrower has executed this Promissory Note as of the day and year first above written.

 

	Borrower’s Signature: 	/s/ William A. Mobley, Jr.	Print: William A. Mobley, Jr.
	 
	Lender’s Signature:	/s/ Carl Peterson	Print: Carl Peterson
	 
	Witness’s Signature:	/s/ Clara Bevington	Print: Clara Bevington

 

 

3Exhibit 10.24

 

LOAN
AGREEMENT

 

Loan Amount: ($12,000)

 

Date:  June 6, 2022

 

I. THE PARTIES. For the above value
received by FreeCast, Inc. with a mailing address of 6901 TPC Drive #200, City of Orlando, State of FL, (the “Borrower”),
agrees to pay Clara Bevington with a mailing address of 1013 Faircloth Court, City of Oviedo, State of FL, (the “Lender”).

 

II. PAYMENT.  This agreement,
(the “Note”), shall be due and payable, including the principal and any accrued interest, in one of the following ways:

 

All payments made by the Borrower are to be
applied first (1st) to any accrued interest and then to the principal balance. The total amount of the loan shall be due and
payable on the 1st day of August 1, 2022.

 

III. INTEREST.  The Note shall

 

☒ -
 Bear interest at a rate of SIX percent (6%) compounded annually. The rate must be equal to or less than
the usury rate in the State of the Borrower.

 

☐ -
 Not bear interest.

 

IV. PREPAYMENT.  The Borrower
has the right to pay back the loan in-full or make additional payments at any time without penalty.

 

V. REMEDIES.  No delay or omission
on part of the holder of this Note in exercising any right hereunder shall operate as a waiver of any such right or of any other right
of such holder, nor shall any delay, omission or waiver on any one occasion be deemed a bar to or waiver of the same or any other right
on any future occasion. The rights and remedies of the Lender shall be cumulative and may be pursued singly, successively, or together,
in the sole discretion of the Lender.

 

     

     

    

 

VI. EVENTS OF ACCELERATION.  The
occurrence of any of the following shall constitute an “Event of Acceleration” by the Lender under this Note:

 

		(a)	Borrower’s failure to pay any part of the principal
or interest as and when due under this Note; or

 

		(b)	Borrower’s becoming insolvent or not paying its debts
as they become due.

 

VII. ACCELERATION.  Upon the occurrence
of an Event of Acceleration under this Note, and in addition to any other rights and remedies that Lender’s may have, Lender shall
have the right, at its sole and exclusive option, to declare this Note immediately due and payable. 

 

VIII. SUBORDINATION. 
The Borrower’s obligations under this Promissory Note are subordinated to all indebtedness, if any, of the Borrower, to any unrelated
third party lender to the extent such indebtedness is outstanding on the date of this Note and such subordination is required under the
loan documents providing for such indebtedness.

 

IX. WAIVERS BY BORROWER.  All
parties to this Note including the Borrower and any sureties, endorsers, and guarantors hereby waive protest, presentment, notice of dishonor,
and notice of acceleration of maturity and agree to continue to remain bound for the payment of principal, interest and all other sums
due under this Note notwithstanding any change or changes by way of release, surrender, exchange, modification or substitution of any
security for this Note or by way of any extension or extensions of time for the payment of principal and interest; and all such parties
waive all and every kind of notice of such change or changes and agree that the same may be made without notice or consent of any of them. 

 

X. EXPENSES.  In the event any
payment under this Note is not paid when due, the Borrower agrees to pay, in addition to the principal and interest hereunder, reasonable
attorneys’ fees not exceeding a sum equal to the maximum usury rate in the State of Florida of the then outstanding balance owing on the
Note, plus all other reasonable expenses incurred by Lender in exercising any of its rights and remedies upon default.

 

XI. GOVERNING LAW.  This Note
shall be governed by, and construed in accordance with, the laws of the State of Florida.

 

XII. SUCCESSORS.  All of the foregoing
is the promise of Borrower and shall bind Borrower and Borrower’s successors, heirs and assigns; provided, however, that Lender
may not assign any of its rights or delegate any of its obligations hereunder without the prior written consent of the holder of this
Note.

 

    2

     

    

 

IN
WITNESS WHEREOF, Borrower has executed this Promissory Note as of the day and year first above written.

 

	Borrower’s Signature:  	/s/ William A. Mobley, Jr.	Print: William A. Mobley, Jr.
	 
	Lender’s Signature: 	/s/ Clara Bevington	Print: Clara Bevington
	 
	Witness’s Signature:	/s/ Carly Clinger	Print: Carly Clinger

 

 

 

3

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