Document:

Exhibit 4.4

 

NOTES: (1) LUCAS VENTURES FOR
$230,000 (2) LGH INVESTMENTS LLC FOR $230,000

 

NEITHER THIS NOTE NOR THE SECURITIES
INTO WHICH THIS NOTE IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY
STATE. THESE SECURITIES HAVE BEEN SOLD IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

 

Digerati Technologies, Inc.

CONVERTIBLE
PROMISSORY NOTE

 

	Issuance Date: January 21, 2022	Original Principal Amount:	$230,000
	Note No. DTGI-3-LV	Consideration Paid at Close:	$210,000

 

FOR VALUE RECEIVED,
Digerati Technologies, Inc., a Nevada corporation with a par value of $0.0001 per common share (“Par Value”) (the “Company”),
hereby promises to pay to the order of Lucas Ventures, LLC, a Arizona limited liability company or registered assigns (the “Holder”)
the amount set out above as the Original Principal Amount (as reduced pursuant to the terms hereof pursuant to redemption, conversion
or otherwise, the “Principal”) when due, whether upon the Maturity Date (as defined below), acceleration, redemption
or otherwise (in each case in accordance with the terms hereof) and to pay interest (“Interest”) on any outstanding Principal
at the applicable Interest Rate from the date set out above as the Issuance Date (the “Issuance Date”) until the same
becomes due and payable, upon the Maturity Date or acceleration, conversion, redemption or otherwise (in each case in accordance with
the terms hereof).

 

The Original Principal
Amount is $230,000 (two hundred thirty thousand) plus accrued and unpaid interest and any other fees. The Consideration is $210,000 (two
hundred ten thousand) payable by wire transfer (there exists a $20,000 original issue discount (the “OID”)). The Holder shall
pay $210,000 of Consideration upon closing of this Note.

 

 (1) GENERAL TERMS

 

(a) Payment
of Principal. The “Maturity Date” shall be nine months from the date of closing, as may be extended at the option
of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing
on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity
Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of
Default.

 

(b) Interest.
A one-time interest charge of eight percent (8%) (“Interest Rate”) shall be applied on the Issuance Date to the Original
Principal Amount. Interest hereunder shall be paid on the Maturity Date (or sooner as provided herein) to the Holder or its assignee in
whose name this Note is registered on the records of the Company regarding registration and transfers of Notes in cash or converted into
Common Stock at the Conversion Price provided the Equity Conditions are satisfied.

 

     

     

    

 

(c)
Security. This Note shall not be secured by any collateral or any assets pledged to the Holder

 

 (2) EVENTS OF DEFAULT.

 

(a) An
“Event of Default”, wherever used herein, means any one of the following events (whatever the reason and whether it
shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or any order,
rule or regulation of any administrative or governmental body):

 

(i) The
Company’s failure to pay to the Holder any amount of Principal, Interest, or other amounts when and as due under this Note (including,
without limitation, the Company’s failure to pay any redemption payments or amounts hereunder);

 

 (ii) A Conversion Failure as defined in section 3(b)(ii)

 

(iii) The
Company or any subsidiary of the Company shall commence, or there shall be commenced against the Company or any subsidiary of the
Company under any applicable bankruptcy or insolvency laws as now or hereafter in effect or any successor thereto, or the Company or
any subsidiary of the Company commences any other proceeding under any reorganization, arrangement, adjustment of debt, relief of
debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction whether now or hereafter in effect relating to
the Company or any subsidiary of the Company or there is commenced against the Company or any subsidiary of the Company any such
bankruptcy, insolvency or other proceeding which remains undismissed for a period of 61 days; or the Company or any subsidiary of
the Company is adjudicated insolvent or bankrupt; or any order of relief or other order approving any such case or proceeding is
entered; or the Company or any subsidiary of the Company suffers any appointment of any custodian, private or court appointed
receiver or the like for it or any substantial part of its property which continues undischarged or unstayed for a period of sixty
one (61) days; or the Company or any subsidiary of the Company makes a general assignment for the benefit of creditors; or the
Company or any subsidiary of the Company shall fail to pay, or shall state that it is unable to pay, or shall be unable to pay, its
debts generally as they become due; or the Company or any subsidiary of the Company shall call a meeting of its creditors with a
view to arranging a composition, adjustment or restructuring of its debts; or the Company or any subsidiary of the Company shall by
any act or failure to act expressly indicate its consent to, approval of or acquiescence in any of the foregoing; or any corporate
or other action is taken by the Company or any subsidiary of the Company for the purpose of effecting any of the foregoing;

 

(iv) The
Company or any subsidiary of the Company shall default in any of its obligations under any other Note or any mortgage, credit agreement
or other facility, indenture agreement, factoring agreement or other instrument under which there may be issued, or by which there may
be secured or evidenced any indebtedness for borrowed money or money due under any long term leasing or factoring arrangement of the Company
or any subsidiary of the Company in an amount exceeding $50,000, whether such indebtedness now exists or shall hereafter be created; and

 

(v) The
Common Stock is suspended or delisted for trading on the Over the Counter OTCQB Venture Marketplace or OTCPink Open Marketplace (the “Primary
Market”).

 

(vi) The
Company loses its ability to deliver shares via “DWAC/FAST” electronic transfer.

 

 (vii) The Company loses its status as “DTC Eligible.”

 

    2

     

    

 

(viii) The
Company shall become late or delinquent in its filing requirements as a fully-reporting issuer registered with the Securities & Exchange
Commission and the Company shall not have remedied such delinquency within four (4) business days.

 

(ix) The
Company shall fail to reserve and keep available out of its authorized Common Stock a number of shares equal to at least the full number
of shares of Common Stock issuable upon conversion of all outstanding amounts under this Note.

 

(b) Upon
the occurrence of any Event of Default that has not been cured within five calendar days from the date of the Event of Default (a “Cure
Failure”), the Outstanding Balance shall immediately increase to 125% of the Outstanding Balance immediately prior to the occurrence
of the Event of Default (the “Default Effect”) and a daily penalty of $500 (five hundred) will accrue until the default is
remedied. The Default Effect shall automatically apply upon the occurrence of an Event of Default without the need for any party to give
any notice or take any other action. Upon the occurrence of any Event of Default, the Note shall become immediately due and payable and
the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Outstanding Balance, all
without demand, presentment or notice, all of which hereby are expressly waived, together with all costs, including, without limitation,
legal fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies available at law or
in equity.

 

(3) CONVERSION
OF NOTE. The Holder shall have the right, but not the obligation, to convert the Outstanding Balance
into shares of the Company’s Common Stock, on the terms and conditions set forth in this Section 3.

 

(a) Conversion
Right. Subject to the provisions of Section 3(c) and in no case until the earlier of 6 months or the Company listing on Nasdaq or
NYSE American, the Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount (as defined below)
into fully paid and nonassessable shares of Common Stock in accordance with Section 3(b), at the Conversion Price (as defined below).
The number of shares of Common Stock issuable upon conversion of any Conversion Amount pursuant to this Section 3(a) shall be equal to
the quotient of dividing the Conversion Amount by the Conversion Price. The Company shall not issue any fraction of a share of Common
Stock upon any conversion. If the issuance would result in the issuance of a fraction of a share of Common Stock, the Company shall round
such fraction of a share of Common Stock up to the nearest whole share. The Company shall pay any and all transfer agent fees, legal fees,
costs and any other fees or costs that may be incurred or charged in connection with the issuance of shares of the Company’s Common
Stock to the Holder arising out of or relating to the conversion of this Note.

 

(i) “Conversion
Amount” means the portion of the Original Principal Amount and Interest to be converted, plus any penalties, redeemed or otherwise
with respect to which this determination is being made.

 

(ii) “Conversion
Price” shall equal the greater of $0.15 (fifteen) cents or 25% discount to up-listing price or offering/underwriting price concurrent
with the Company listing on Nasdaq or NYSE American., subject to adjustment as provided in this Note.

 

 (b) Mechanics of Conversion.

 

(i)
Optional Conversion. To convert any Conversion Amount into shares of Common Stock on any date (a “Conversion Date”),
the Holder shall (A) transmit by email, facsimile (or otherwise deliver), for receipt on or prior to 11:59 p.m., New York, NY Time, on
such date, a copy of an executed notice of conversion in the form attached hereto as Exhibit A (the “Conversion Notice”)
to the Company. On or before the third Business Day following the date of receipt of a Conversion Notice (the “Share Delivery
Date”), the Company shall (A) if legends are not required to be placed on certificates of Common Stock pursuant to the then
existing provisions of Rule 144 of the Securities Act of 1933 (“Rule 144”) and provided that the Transfer Agent is participating
in the Depository Trust Company’s (“DTC”) Fast Automated Securities Transfer Program, credit such aggregate number of
shares of Common Stock to which the Holder shall be entitled to the Holder’s or its designee’s balance account with DTC through its Deposit
Withdrawal Agent Commission system or (B) if the Transfer Agent is not participating in the DTC Fast Automated Securities Transfer Program,
issue and deliver to the address as specified in the Conversion Notice, a certificate, registered in the name of the Holder or its designee,
for the number of shares of Common Stock to which the Holder shall be entitled which certificates shall not bear any restrictive legends
unless required pursuant the Rule 144. If this Note is physically surrendered for conversion and the outstanding Principal of this Note
is greater than the Principal portion of the Conversion Amount being converted, then the Company shall, upon request of the Holder, as
soon as practicable and in no event later than three (3) Business Days after receipt of this Note and at its own expense, issue and deliver
to the holder a new Note representing the outstanding Principal not converted. The Person or Persons entitled to receive the shares of
Common Stock issuable upon a conversion of this Note shall be treated for all purposes as the record holder or holders of such shares
of Common Stock upon the transmission of a Conversion Notice.

 

    3

     

    

 

(ii) Company’s
Failure to Timely Convert. If within two (2) Trading Days after the Company’s receipt of the facsimile or email copy of a Conversion
Notice the Company shall fail to issue and deliver to Holder via “DWAC/FAST” electronic transfer the number of shares of Common
Stock to which the Holder is entitled upon such holder’s conversion of any Conversion Amount (a “Conversion Failure”),
the Original Principal Amount of the Note shall increase by $500 per day until the Company issues and delivers a certificate to the Holder
or credit the Holder’s balance account with DTC for the number of shares of Common Stock to which the Holder is entitled upon such holder’s
conversion of any Conversion Amount (under Holder’s and Company’s expectation that any damages will tack back to the Issuance
Date). Company will not be subject to any penalties once its transfer agent processes the shares to the DWAC system. If the Company
fails to deliver shares in accordance with the timeframe stated in this Section, resulting in a Conversion Failure, the Holder, at any
time prior to selling all of those shares, may rescind any portion, in whole or in part, of that particular conversion attributable to
the unsold shares and have the rescinded conversion amount returned to the Outstanding Balance with the rescinded conversion shares returned
to the Company (under Holder’s and Company’s expectations that any returned conversion amounts will tack back to the original
date of the Note).

 

(iii) Book-Entry.
Notwithstanding anything to the contrary set forth herein, upon conversion of any portion of this Note in accordance with the terms hereof,
the Holder shall not be required to physically surrender this Note to the Company unless (A) the full Conversion Amount represented by
this Note is being converted or (B) the Holder has provided the Company with prior written notice (which notice may be included in a Conversion
Notice) requesting reissuance of this Note upon physical surrender of this Note. The Holder and the Company shall maintain records showing
the Principal and Interest converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the
Holder and the Company, so as not to require physical surrender of this Note upon conversion.

 

 (c) Limitations on Conversions or Trading.

 

(i) Beneficial
Ownership. The Company shall not effect any conversions of this Note and the Holder shall not have the right to convert any
portion of this Note or receive shares of Common Stock as payment of interest hereunder to the extent that after giving effect to
such conversion or receipt of such interest payment, the Holder, together with any affiliate thereof, would beneficially own (as
determined in accordance with Section 13(d) of the Exchange Act and the rules promulgated thereunder) in excess of 4.99% of the
number of shares of Common Stock outstanding immediately after giving effect to such conversion or receipt of shares as payment of
interest. Since the Holder will not be obligated to report to the Company the number of shares of Common Stock it may hold at the
time of a conversion hereunder, unless the conversion at issue would result in the issuance of shares of Common Stock in excess of
4.99% of the then outstanding shares of Common Stock without regard to any other shares which may be beneficially owned by the
Holder or an affiliate thereof, the Holder shall have the authority and obligation to determine whether the restriction contained in
this Section will limit any particular conversion hereunder and to the extent that the Holder determines that the limitation
contained in this Section applies, the determination of which portion of the principal amount of this Note is convertible shall be
the responsibility and obligation of the Holder. If the Holder has delivered a Conversion Notice for a principal amount of this Note
that, without regard to any other shares that the Holder or its affiliates may beneficially own, would result in the issuance in
excess of the permitted amount hereunder, the Company shall notify the Holder of this fact and shall honor the conversion for the
maximum principal amount permitted to be converted on such Conversion Date in accordance with Section 3(a) and, any principal amount
tendered for conversion in excess of the permitted amount hereunder shall remain outstanding under this Note.

 

    4

     

    

 

(ii) Capitalization.
So long as this as this Note is outstanding, upon written request of the Holder, the Company shall furnish to the Holder the then-current
number of common shares issued and outstanding, the then-current number of common shares authorized, and the then-current number of shares
reserved for third parties.

 

 (d) Other Provisions.

 

(i) Share
Reservation. The Company shall at all times reserve and keep available out of its authorized Common Stock a number of shares equal
to at least the full number of shares of Common Stock issuable upon conversion of all outstanding amounts under this Note; and within
3 (three) Business Days following the receipt by the Company of a Holder’s notice that such minimum number of shares of Common Stock is
not so reserved, the Company shall promptly reserve a sufficient number of shares of Common Stock to comply with such requirement. The
Company will at all times reserve at least 2,750,000 shares of Common Stock for conversion.

 

(ii) Prepayment.
The Company may prepay this Note at any time without penalty.

 

(iii) All
calculations under this Section 3 shall be rounded up to the nearest $0.00001 or whole share.

 

(iv) Nothing
herein shall limit a Holder’s right to pursue actual damages or declare an Event of Default pursuant to Section 2 herein for the Company’s
failure to deliver certificates representing shares of Common Stock upon conversion within the period specified herein and such Holder
shall have the right to pursue all remedies available to it at law or in equity including, without limitation, a decree of specific performance
and/or injunctive relief, in each case without the need to post a bond or provide other security. The exercise of any such rights shall
not prohibit the Holder from seeking to enforce damages pursuant to any other Section hereof or under applicable law.

 

(4) Terms
of Future Financings. So long as this Note is outstanding, upon any issuance by the Company or any of its subsidiaries of any
security with any term more favorable to the holder of such security or with a term in favor of the holder of such security that was
not similarly provided to the Holder in this Note, then the Company shall notify the Holder of such additional or more favorable
term and such term, at Holder’s option, shall become a part of the transaction documents with the Holder. The types of terms
contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms
addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, private
placement price per share, and warrant coverage. Financings in which the Company receives proceeds of one million dollars or greater
or excluded from the Terms of Future Financings.

 

    5

     

    

 

 (5) REISSUANCE OF THIS NOTE.

 

(a) Assignability.
The Company may not assign this Note. This Note will be binding upon the Company and its successors and will inure to the benefit of the
Holder and its successors and assigns and may be assigned by the Holder to anyone of its choosing without Company’s approval.

 

(b) Lost,
Stolen or Mutilated Note. Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft, destruction
or mutilation of this Note, and, in the case of loss, theft or destruction, of any indemnification undertaking by the Holder to the Company
in customary form and, in the case of mutilation, upon surrender and cancellation of this Note, the Company shall execute and deliver
to the Holder a new Note representing the outstanding Principal.

 

(6) NOTICES.
Any notices, consents, waivers or other communications required or permitted to be given under the terms hereof must be in writing and
will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided
confirmation of transmission is mechanically or electronically generated and kept on file by the sending party) (iii) upon receipt, when
sent by email; or (iv) one (1) Trading Day after deposit with a nationally recognized overnight delivery service, in each case properly
addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall be those set forth in the
communications and documents that each party has provided the other immediately preceding the issuance of this Note or at such other address
and/or facsimile number and/or to the attention of such other person as the recipient party has specified by written notice given to each
other party three (3) Business Days prior to the effectiveness of such change. Written confirmation of receipt (i) given by the recipient
of such notice, consent, waiver or other communication, (ii) mechanically or electronically generated by the sender’s facsimile machine
containing the time, date, recipient facsimile number and an image of the first page of such transmission or (iii) provided by a nationally
recognized overnight delivery service, shall be rebuttable evidence of personal service, receipt by facsimile or receipt from a nationally
recognized overnight delivery service in accordance with clause (i), (ii) or (iii) above, respectively.

 

The addresses for such communications
shall be:

 

If to the Company, to:

 

Digerati Technologies, Inc.

ATT: Arthur Smith, CEO

825 W. Bitters

Suite 104

San Antonio, TX 78216

 Email: a.smith@t3com.net

 

If to the Holder:

 

Lucas Hoppel

Phone: 858-232-5110

Email: Luke@LGHInvestments.com

 

    6

     

    

 

(7) APPLICABLE
LAW AND VENUE. This Note shall be governed by and construed in accordance with the laws of the State of California, without giving
effect to conflicts of laws thereof. Any action brought by either party against the other concerning the transactions contemplated by
this Agreement shall be brought only in the state courts of California or in the federal courts located in the city of San Diego, in the
State of California. Both parties and the individuals signing this Agreement agree to submit to the jurisdiction of such courts.

 

(8) WAIVER.
Any waiver by the Holder of a breach of any provision of this Note 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 Note. The failure of the Holder to insist upon strict adherence to any
term of this Note on one or more occasions shall not be considered a waiver or deprive that party of the right thereafter to insist upon
strict adherence to that term or any other term of this Note. Any waiver must be in writing.

 

(9) LIQUIDATED
DAMAGES. Holder and Company agree that in the event Company fails to comply with any of the terms or provisions of this Note, Holder’s
damages would be uncertain and difficult (if not impossible) to accurately estimate because of the parties’ inability to predict future
interest rates, future share prices, future trading volumes and other relevant factors. Accordingly, Holder and Company agree that any
fees, balance adjustments, default interest or other charges assessed under this Note are not penalties but instead are intended by the
parties to be, and shall be deemed, liquidated damages (under Holder’s and Company’s expectations that any such liquidated damages will
tack back to the Closing Date for purposes of determining the holding period under Rule 144).

 

[Signature Page Follows]

 

    7

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Convertible Note to be duly executed by a duly authorized officer as of the date set
forth above.

 

	 	COMPANY:
	 	 	 
	 	Digerati Technologies, Inc.
	 	 	 
	 	By:	/s/ Arthur
    Smith
	 	Name: 	Arthur Smith
	 	Title:	Chief Executive Officer
	 	 	 
	 	HOLDER:
	 	 	 
	 	Lucas Ventures, LLC
	 	 	 
	 	By:	/s/ Lucas Hoppel
	 	Name: 	Lucas Hoppel
	 	 Title:	Managing Member  

 

[Signature Page to Note No. DTGI-3-LV]

 

     

     

    

 

EXHIBIT A

CONVERSION NOTICE

 

[Company Contact, Position]

[Company Name]

[Company Address]

[Contact Email Address}

 

The undersigned hereby
elects to convert a portion of the $_________Convertible Note __________issued to Lucas Hoppel on ________into Shares of Common
Stock of  ________according to the conditions set forth in such Note as of the date written below.

 

By accepting this notice of conversion, you
are acknowledging that the number of shares to be delivered represents less than 5% (ten percent) of the common stock outstanding. If
the number of shares to be delivered represents more than 4.99% of the common stock outstanding, this conversion notice shall immediately
automatically extinguish and debenture Holder must be immediately notified.

 

	Date of Conversion:	 	 
	 	 	 
	Conversion Amount:	 	 
	 	 	 
	Conversion Price:	 	 
	 	 	 
	Shares to be Delivered:	 	 

 

Shares delivered in name of:

 

Lucas Ventures, LLC

 

	Signature:	 	 

 

     

     

    

 

NEITHER THIS NOTE NOR THE SECURITIES
INTO WHICH THIS NOTE IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY
STATE. THESE SECURITIES HAVE BEEN SOLD IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

 

Digerati Technologies, Inc.

CONVERTIBLE
PROMISSORY NOTE

 

	Issuance Date: January 21, 2022	Original Principal Amount:	$230,000
	Note No. DTGI-4-LGH	Consideration Paid at Close:	 $210,000

 

FOR VALUE RECEIVED,
Digerati Technologies, Inc., a Nevada corporation with a par value of $0.0001 per common share (“Par Value”) (the “Company”),
hereby promises to pay to the order of LGH Investments, LLC, a Wyoming limited liability company or registered assigns (the “Holder”)
the amount set out above as the Original Principal Amount (as reduced pursuant to the terms hereof pursuant to redemption, conversion
or otherwise, the “Principal”) when due, whether upon the Maturity Date (as defined below), acceleration, redemption
or otherwise (in each case in accordance with the terms hereof) and to pay interest (“Interest”) on any outstanding Principal
at the applicable Interest Rate from the date set out above as the Issuance Date (the “Issuance Date”) until the same
becomes due and payable, upon the Maturity Date or acceleration, conversion, redemption or otherwise (in each case in accordance with
the terms hereof).

 

The Original Principal
Amount is $230,000 (two hundred thirty thousand) plus accrued and unpaid interest and any other fees. The Consideration is $210,000 (two
hundred ten thousand) payable by wire transfer (there exists a $20,000 original issue discount (the “OID”)). The Holder shall
pay $210,000 of Consideration upon closing of this Note.

 

 (1) GENERAL TERMS

 

(a) Payment
of Principal. The “Maturity Date” shall be nine months from the date of closing, as may be extended at the option
of the Holder in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing
on the Maturity Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity
Date (as may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of
Default.

 

(b) Interest.
A one-time interest charge of eight percent (8%) (“Interest Rate”) shall be applied on the Issuance Date to the Original
Principal Amount. Interest hereunder shall be paid on the Maturity Date (or sooner as provided herein) to the Holder or its assignee in
whose name this Note is registered on the records of the Company regarding registration and transfers of Notes in cash or converted into
Common Stock at the Conversion Price provided the Equity Conditions are satisfied.

 

     

     

    

 

(c) Security.
This Note shall not be secured by any collateral or any assets pledged to the Holder

 

 (2) EVENTS OF DEFAULT.

 

(a) An
“Event of Default”, wherever used herein, means any one of the following events (whatever the reason and whether it
shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or any order,
rule or regulation of any administrative or governmental body):

 

(i) The
Company’s failure to pay to the Holder any amount of Principal, Interest, or other amounts when and as due under this Note (including,
without limitation, the Company’s failure to pay any redemption payments or amounts hereunder);

 

 (ii) A Conversion Failure as defined in section 3(b)(ii)

 

(iii) The
Company or any subsidiary of the Company shall commence, or there shall be commenced against the Company or any subsidiary of the Company
under any applicable bankruptcy or insolvency laws as now or hereafter in effect or any successor thereto, or the Company or any subsidiary
of the Company commences any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution,
insolvency or liquidation or similar law of any jurisdiction whether now or hereafter in effect relating to the Company or any subsidiary
of the Company or there is commenced against the Company or any subsidiary of the Company any such bankruptcy, insolvency or other proceeding
which remains undismissed for a period of 61 days; or the Company or any subsidiary of the Company is adjudicated insolvent or bankrupt;
or any order of relief or other order approving any such case or proceeding is entered; or the Company or any subsidiary of the Company
suffers any appointment of any custodian, private or court appointed receiver or the like for it or any substantial part of its property
which continues undischarged or unstayed for a period of sixty one (61) days; or the Company or any subsidiary of the Company makes a
general assignment for the benefit of creditors; or the Company or any subsidiary of the Company shall fail to pay, or shall state that
it is unable to pay, or shall be unable to pay, its debts generally as they become due; or the Company or any subsidiary of the Company
shall call a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts; or the Company
or any subsidiary of the Company shall by any act or failure to act expressly indicate its consent to, approval of or acquiescence in
any of the foregoing; or any corporate or other action is taken by the Company or any subsidiary of the Company for the purpose of effecting
any of the foregoing;

 

(iv) The
Company or any subsidiary of the Company shall default in any of its obligations under any other Note or any mortgage, credit
agreement or other facility, indenture agreement, factoring agreement or other instrument under which there may be issued, or by
which there may be secured or evidenced any indebtedness for borrowed money or money due under any long term leasing or factoring
arrangement of the Company or any subsidiary of the Company in an amount exceeding $50,000, whether such indebtedness now exists or
shall hereafter be created; and

 

(v) The
Common Stock is suspended or delisted for trading on the Over the Counter OTCQB Venture Marketplace or OTCPink Open Marketplace (the “Primary
Market”).

 

(vi) The
Company loses its ability to deliver shares via “DWAC/FAST” electronic transfer.

 

 (vii) The Company loses its status as “DTC Eligible.”

 

    2

     

    

 

(viii) The
Company shall become late or delinquent in its filing requirements as a fully-reporting issuer registered with the Securities & Exchange
Commission and the Company shall not have remedied such delinquency within four (4) business days.

 

(ix) The
Company shall fail to reserve and keep available out of its authorized Common Stock a number of shares equal to at least the full number
of shares of Common Stock issuable upon conversion of all outstanding amounts under this Note.

 

(b) Upon
the occurrence of any Event of Default that has not been cured within five calendar days from the date of the Event of Default (a “Cure
Failure”), the Outstanding Balance shall immediately increase to 125% of the Outstanding Balance immediately prior to the occurrence
of the Event of Default (the “Default Effect”) and a daily penalty of $500 (five hundred) will accrue until the default is
remedied. The Default Effect shall automatically apply upon the occurrence of an Event of Default without the need for any party to give
any notice or take any other action. Upon the occurrence of any Event of Default, the Note shall become immediately due and payable and
the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Outstanding Balance, all
without demand, presentment or notice, all of which hereby are expressly waived, together with all costs, including, without limitation,
legal fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies available at law or
in equity.

 

(3) CONVERSION
OF NOTE. The Holder shall have the right, but not the obligation, to convert the Outstanding Balance
into shares of the Company’s Common Stock, on the terms and conditions set forth in this Section 3.

 

(a) Conversion
Right. Subject to the provisions of Section 3(c) and in no case until the earlier of 6 months or the Company listing on Nasdaq or
NYSE American, the Holder shall be entitled to convert any portion of the outstanding and unpaid Conversion Amount (as defined below)
into fully paid and nonassessable shares of Common Stock in accordance with Section 3(b), at the Conversion Price (as defined below).
The number of shares of Common Stock issuable upon conversion of any Conversion Amount pursuant to this Section 3(a) shall be equal to
the quotient of dividing the Conversion Amount by the Conversion Price. The Company shall not issue any fraction of a share of Common
Stock upon any conversion. If the issuance would result in the issuance of a fraction of a share of Common Stock, the Company shall round
such fraction of a share of Common Stock up to the nearest whole share. The Company shall pay any and all transfer agent fees, legal fees,
costs and any other fees or costs that may be incurred or charged in connection with the issuance of shares of the Company’s Common
Stock to the Holder arising out of or relating to the conversion of this Note.

 

(i) “Conversion
Amount” means the portion of the Original Principal Amount and Interest to be converted, plus any penalties, redeemed or otherwise
with respect to which this determination is being made.

 

(ii) “Conversion
Price” shall equal the greater of $0.15 (fifteen) cents or 25% discount to up-listing price or offering/underwriting price concurrent
with the Company listing on Nasdaq or NYSE American., subject to adjustment as provided in this Note.

 

 (b) Mechanics of Conversion.

 

(i) Optional
Conversion. To convert any Conversion Amount into shares of Common Stock on any date (a “Conversion Date”), the
Holder shall (A) transmit by email, facsimile (or otherwise deliver), for receipt on or prior to 11:59 p.m., New York, NY Time, on
such date, a copy of an executed notice of conversion in the form attached hereto as Exhibit A (the “Conversion
Notice”) to the Company. On or before the third Business Day following the date of receipt of a Conversion Notice (the
“Share Delivery Date”), the Company shall (A) if legends are not required to be placed on certificates of Common
Stock pursuant to the then existing provisions of Rule 144 of the Securities Act of 1933 (“Rule 144”) and provided that
the Transfer Agent is participating in the Depository Trust Company’s (“DTC”) Fast Automated Securities Transfer
Program, credit such aggregate number of shares of Common Stock to which the Holder shall be entitled to the Holder’s or its
designee’s balance account with DTC through its Deposit Withdrawal Agent Commission system or (B) if the Transfer Agent is not
participating in the DTC Fast Automated Securities Transfer Program, issue and deliver to the address as specified in the Conversion
Notice, a certificate, registered in the name of the Holder or its designee, for the number of shares of Common Stock to which the
Holder shall be entitled which certificates shall not bear any restrictive legends unless required pursuant the Rule 144. If this
Note is physically surrendered for conversion and the outstanding Principal of this Note is greater than the Principal portion of
the Conversion Amount being converted, then the Company shall, upon request of the Holder, as soon as practicable and in no event
later than three (3) Business Days after receipt of this Note and at its own expense, issue and deliver to the holder a new Note
representing the outstanding Principal not converted. The Person or Persons entitled to receive the shares of Common Stock issuable
upon a conversion of this Note shall be treated for all purposes as the record holder or holders of such shares of Common Stock upon
the transmission of a Conversion Notice.

 

    3

     

    

 

(ii) Company’s
Failure to Timely Convert. If within two (2) Trading Days after the Company’s receipt of the facsimile or email copy of a Conversion
Notice the Company shall fail to issue and deliver to Holder via “DWAC/FAST” electronic transfer the number of shares of Common
Stock to which the Holder is entitled upon such holder’s conversion of any Conversion Amount (a “Conversion Failure”),
the Original Principal Amount of the Note shall increase by $500 per day until the Company issues and delivers a certificate to the Holder
or credit the Holder’s balance account with DTC for the number of shares of Common Stock to which the Holder is entitled upon such holder’s
conversion of any Conversion Amount (under Holder’s and Company’s expectation that any damages will tack back to the Issuance
Date). Company will not be subject to any penalties once its transfer agent processes the shares to the DWAC system. If the Company
fails to deliver shares in accordance with the timeframe stated in this Section, resulting in a Conversion Failure, the Holder, at any
time prior to selling all of those shares, may rescind any portion, in whole or in part, of that particular conversion attributable to
the unsold shares and have the rescinded conversion amount returned to the Outstanding Balance with the rescinded conversion shares returned
to the Company (under Holder’s and Company’s expectations that any returned conversion amounts will tack back to the original
date of the Note).

 

(iii) Book-Entry.
Notwithstanding anything to the contrary set forth herein, upon conversion of any portion of this Note in accordance with the terms hereof,
the Holder shall not be required to physically surrender this Note to the Company unless (A) the full Conversion Amount represented by
this Note is being converted or (B) the Holder has provided the Company with prior written notice (which notice may be included in a Conversion
Notice) requesting reissuance of this Note upon physical surrender of this Note. The Holder and the Company shall maintain records showing
the Principal and Interest converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the
Holder and the Company, so as not to require physical surrender of this Note upon conversion.

 

 (c) Limitations on Conversions or Trading.

 

(i) Beneficial
Ownership. The Company shall not effect any conversions of this Note and the Holder shall not have the right to convert any
portion of this Note or receive shares of Common Stock as payment of interest hereunder to the extent that after giving effect to
such conversion or receipt of such interest payment, the Holder, together with any affiliate thereof, would beneficially own (as
determined in accordance with Section 13(d) of the Exchange Act and the rules promulgated thereunder) in excess of 4.99% of the
number of shares of Common Stock outstanding immediately after giving effect to such conversion or receipt of shares as payment of
interest. Since the Holder will not be obligated to report to the Company the number of shares of Common Stock it may hold at the
time of a conversion hereunder, unless the conversion at issue would result in the issuance of shares of Common Stock in excess of
4.99% of the then outstanding shares of Common Stock without regard to any other shares which may be beneficially owned by the
Holder or an affiliate thereof, the Holder shall have the authority and obligation to determine whether the restriction contained in
this Section will limit any particular conversion hereunder and to the extent that the Holder determines that the limitation
contained in this Section applies, the determination of which portion of the principal amount of this Note is convertible shall be
the responsibility and obligation of the Holder. If the Holder has delivered a Conversion Notice for a principal amount of this Note
that, without regard to any other shares that the Holder or its affiliates may beneficially own, would result in the issuance in
excess of the permitted amount hereunder, the Company shall notify the Holder of this fact and shall honor the conversion for the
maximum principal amount permitted to be converted on such Conversion Date in accordance with Section 3(a) and, any principal amount
tendered for conversion in excess of the permitted amount hereunder shall remain outstanding under this Note.

 

    4

     

    

 

(ii) Capitalization.
So long as this as this Note is outstanding, upon written request of the Holder, the Company shall furnish to the Holder the then-current
number of common shares issued and outstanding, the then-current number of common shares authorized, and the then-current number of shares
reserved for third parties.

 

 (d) Other Provisions.

 

(i) Share
Reservation. The Company shall at all times reserve and keep available out of its authorized Common Stock a number of shares equal
to at least the full number of shares of Common Stock issuable upon conversion of all outstanding amounts under this Note; and within
3 (three) Business Days following the receipt by the Company of a Holder’s notice that such minimum number of shares of Common Stock is
not so reserved, the Company shall promptly reserve a sufficient number of shares of Common Stock to comply with such requirement. The
Company will at all times reserve at least 2,750,000 shares of Common Stock for conversion.

 

(ii) Prepayment.
The Company may prepay this Note at any time without penalty.

 

(iii) All
calculations under this Section 3 shall be rounded up to the nearest $0.00001 or whole share.

 

(iv) Nothing
herein shall limit a Holder’s right to pursue actual damages or declare an Event of Default pursuant to Section 2 herein for the Company’s
failure to deliver certificates representing shares of Common Stock upon conversion within the period specified herein and such Holder
shall have the right to pursue all remedies available to it at law or in equity including, without limitation, a decree of specific performance
and/or injunctive relief, in each case without the need to post a bond or provide other security. The exercise of any such rights shall
not prohibit the Holder from seeking to enforce damages pursuant to any other Section hereof or under applicable law.

 

(4) Terms
of Future Financings. So long as this Note is outstanding, upon any issuance by the Company or any of its subsidiaries of any
security with any term more favorable to the holder of such security or with a term in favor of the holder of such security that was
not similarly provided to the Holder in this Note, then the Company shall notify the Holder of such additional or more favorable
term and such term, at Holder’s option, shall become a part of the transaction documents with the Holder. The types of terms
contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms
addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price, private
placement price per share, and warrant coverage. Financings in which the Company receives proceeds of one million dollars or greater
or excluded from the Terms of Future Financings.

 

    5

     

    

 

 (5) REISSUANCE OF THIS NOTE.

 

(a) Assignability.
The Company may not assign this Note. This Note will be binding upon the Company and its successors and will inure to the benefit of the
Holder and its successors and assigns and may be assigned by the Holder to anyone of its choosing without Company’s approval.

 

(b) Lost,
Stolen or Mutilated Note. Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft, destruction
or mutilation of this Note, and, in the case of loss, theft or destruction, of any indemnification undertaking by the Holder to the Company
in customary form and, in the case of mutilation, upon surrender and cancellation of this Note, the Company shall execute and deliver
to the Holder a new Note representing the outstanding Principal.

 

(6) NOTICES.
Any notices, consents, waivers or other communications required or permitted to be given under the terms hereof must be in writing and
will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided
confirmation of transmission is mechanically or electronically generated and kept on file by the sending party) (iii) upon receipt, when
sent by email; or (iv) one (1) Trading Day after deposit with a nationally recognized overnight delivery service, in each case properly
addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall be those set forth in the
communications and documents that each party has provided the other immediately preceding the issuance of this Note or at such other address
and/or facsimile number and/or to the attention of such other person as the recipient party has specified by written notice given to each
other party three (3) Business Days prior to the effectiveness of such change. Written confirmation of receipt (i) given by the recipient
of such notice, consent, waiver or other communication, (ii) mechanically or electronically generated by the sender’s facsimile machine
containing the time, date, recipient facsimile number and an image of the first page of such transmission or (iii) provided by a nationally
recognized overnight delivery service, shall be rebuttable evidence of personal service, receipt by facsimile or receipt from a nationally
recognized overnight delivery service in accordance with clause (i), (ii) or (iii) above, respectively.

 

The addresses for such communications
shall be:

 

If to the Company, to:

 

Digerati Technologies, Inc.

ATT: Arthur Smith, CEO

825 W. Bitters

Suite 104

San Antonio, TX 78216

 Email: a.smith@t3com.net

 

If to the Holder:

 

Lucas Hoppel

Phone: 858-232-5110

Email: Luke@LukeHoppel.com

 

    6

     

    

 

(7) APPLICABLE
LAW AND VENUE. This Note shall be governed by and construed in accordance with the laws of the State of California, without giving
effect to conflicts of laws thereof. Any action brought by either party against the other concerning the transactions contemplated by
this Agreement shall be brought only in the state courts of California or in the federal courts located in the city of San Diego, in the
State of California. Both parties and the individuals signing this Agreement agree to submit to the jurisdiction of such courts.

 

(8) WAIVER.
Any waiver by the Holder of a breach of any provision of this Note 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 Note. The failure of the Holder to insist upon strict adherence to any
term of this Note on one or more occasions shall not be considered a waiver or deprive that party of the right thereafter to insist upon
strict adherence to that term or any other term of this Note. Any waiver must be in writing.

 

(9) LIQUIDATED
DAMAGES. Holder and Company agree that in the event Company fails to comply with any of the terms or provisions of this Note, Holder’s
damages would be uncertain and difficult (if not impossible) to accurately estimate because of the parties’ inability to predict future
interest rates, future share prices, future trading volumes and other relevant factors. Accordingly, Holder and Company agree that any
fees, balance adjustments, default interest or other charges assessed under this Note are not penalties but instead are intended by the
parties to be, and shall be deemed, liquidated damages (under Holder’s and Company’s expectations that any such liquidated damages will
tack back to the Closing Date for purposes of determining the holding period under Rule 144).

 

[Signature Page Follows]

 

    7

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Convertible Note to be duly executed by a duly authorized officer as of the date set
forth above.

 

	 	COMPANY:
	 	 	 
	 	Digerati Technologies, Inc.
	 	 	 
	 	By:	/s/ Arthur
    Smith
	 	Name:	 Arthur Smith
	 	Title:	Chief Executive Officer
	 	 	 
	 	HOLDER:
	 	 	 
	 	LGH Investments, LLC
	 	 	 
	 	By:	/s/ Lucas Hoppel
	 	Name:  	Lucas Hoppel
	 	 Title: 	Managing Member

 

[Signature Page to Note No. DTGI-4-LGH]

 

     

     

    

 

EXHIBIT A

CONVERSION NOTICE

 

[Company Contact, Position]

[Company Name]

[Company Address]

[Contact Email Address}

 

The undersigned hereby
elects to convert a portion of the $ ________Convertible Note _________  issued to Lucas Hoppel on _________into Shares of Common
Stock of _________ according to the conditions set forth in such Note as of the date written below.

 

By accepting this notice
of conversion, you are acknowledging that the number of shares to be delivered represents less than 5% (ten percent) of the common stock
outstanding. If the number of shares to be delivered represents more than 4.99% of the common stock outstanding, this conversion notice
shall immediately automatically extinguish and debenture Holder must be immediately notified.

 

	Date of Conversion:	 	 
	 	 	 
	Conversion Amount:	 	 
	 	 	 
	Conversion Price:	 	 
	 	 	 
	Shares to be Delivered:	 	 

 

Shares delivered in name of:

 

LGH Investments, LLC

 

	Signature:Exhibit 4.5

 

FIRST AMENDMENT TO CREDIT
AGREEMENT

 

This First Amendment
to Credit Agreement (this “Amendment”), dated as of December 20, 2021 (the “First Amendment Closing Date”),
is by and among T3 COMMUNICATIONS, INC., a Nevada corporation (the “Company”), the subsidiary guarantors identified
on the signature pages hereto (each a “Guarantor” and collectively, the “Guarantors”; the Company
and the Guarantors are each referred to herein individually as a “Loan Party” and collectively as the “Loan
Parties”), the Lenders party hereto, and POST ROAD ADMINISTRATIVE LLC, a Delaware limited liability company, as administrative
agent for the Lenders (together with its successors and assigns in such capacity, the “Administrative Agent”).

 

RECITALS

 

WHEREAS,
the Company, the Guarantors, the Lenders and the Administrative Agent are parties to that certain Credit Agreement dated as of November
17, 2020 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”);
and

 

WHEREAS,
the Loan Parties have requested that the Administrative Agent and the Lenders amend certain provisions of the Credit Agreement to, among
other things, recapitalize Term Loan B into Term Loan A, and the Administrative Agent and the Lenders are willing to do so, in each case
on and subject to the terms and conditions set forth in this Amendment.

 

NOW,
THEREFORE, in consideration of the premises and the agreements contained herein, and for other good and valuable consideration, the
receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto (intending to be legally bound) hereby agree as
follows:

 

1. Definitions.
Capitalized terms used herein (including in the Recitals hereto, which are hereby incorporated) and not otherwise defined herein shall
have the meanings ascribed to such terms in the Credit Agreement, as amended hereby.

 

2. Recapitalization.
The parties hereto agree that, notwithstanding anything contained in the Credit Agreement or any Loan Document to the contrary, as
of the First Amendment Closing Date, Term Loan B shall be recapitalized and an amount equal to the sum of the following shall be
added to the principal amount of Term Loan A: (i) all outstanding principal due and payable with respect to Term Loan B as of the
First Amendment Closing Date, plus (ii) thirty hundredths (0.30) times the original principal amount of Term Loan B.
Notwithstanding the terms and provisions of the Term Loan A Note and the Term Loan B Note, on the First Amendment Closing Date the
Company will make a one-time special cash payment (in lieu of the amount of interest that would otherwise be paid in-kind pursuant
to Section 3.3 of the Credit Agreement) with respect to the interest on the unpaid principal amounts of Term Loan A in the
amount of $80,402.41 and Term Loan B in the amount of $26,273.03, each due from the period of time commencing on December 1, 2021
until (but excluding) the First Amendment Closing Date. For the avoidance of doubt, the principal balance of Term Loan A as of the
date of the First Amendment Closing Date (after giving effect to the recapitalization pursuant to this Section 2) is
$22,168,515.30, consisting of (i) $11,062,328.28 of outstanding principal on Term Loan A, (ii) $3,687,442.75 of outstanding
principal on Term Loan B (to be recapitalized pursuant to this Section 2), (iii) $6,000,000 of principal on the Delayed Draw
Loan, (iii) a $368,744.28 amendment fee, and (iv) a $1,050,000 fee relating to Term Loan B.

 

    

     

    

 

3. Amendments
to Credit Agreement. Subject to the terms and conditions contained herein, the Company, the Administrative Agent and the Lender hereby
amend the Credit Agreement as follows:

 

(a) The following
defined terms in Section 1.1 of the Credit Agreement are hereby amended and restated in their entirety to read as follows:

 

“EBITDA
means, for any period, Consolidated Net Income for such period, plus, (a) in each case, without duplication and only to the
extent deducted in determining such Consolidated Net Income: (i) Interest Expense, (ii) income tax expense, (iii) depreciation and
amortization, (iv) professional fees and other fees, costs and expenses with respect to the transactions contemplated by this
Agreement (including with respect to the acquisitions consummated on or about the Closing Date) incurred by the Loan Parties during
such period in an aggregate amount not to exceed $200,000; (v) one-time non- recurring expenses not exceeding $200,000 per year in
the aggregate; and (vi) amounts paid by the Company with respect to board fees and expenses, in an amount not exceeding $50,000 per
year in the aggregate; minus (b) without duplication and to the extent included in determining such Consolidated Net Income,
proceeds of insurance, other than business interruption insurance.”

 

“Maturity
Date means the earlier of (A) (i) November 17, 2024 with respect to Term Loan A and (ii) November 17, 2024 with respect to the Delayed
Draw Loan, or (B) the date to which the Obligations are accelerated pursuant to ARTICLE XIII.”

 

“Note
means, individually and collectively, the Term Loan A Note and the Delayed Draw Term Note, each as the same may be amended, restated or
otherwise modified from time to time, together with any joinders thereto from time to time.”

 

(b) Section
1.1 of the Credit Agreement is hereby amended by inserting the following new definitions in appropriate alphabetical order therein:

 

“Delayed
Draw Account means a deposit account at Wells Fargo Bank, N.A. that, if applicable pursuant to Section 6 of the First Amendment,
shall be established by the Company after the First Amendment Closing Date pursuant to Section 6 of the First Amendment, subject
to the terms and provisions of a blocked Control Agreement, in which the proceeds of the Delayed Draw Loan shall be maintained until the
Skynet Acquisition Effective Date pursuant to the terms and conditions of Section 6 of the First Amendment.”

 

“First
Amendment means that certain First Amendment to Credit Agreement dated as of the First Amendment Closing Date by and among the Company,
the Guarantors, the Lenders and the Administrative Agent.”

 

“First Amendment Closing Date
means December 20, 2021.”

 

    2

     

    

 

“Skynet
Acquisition means that certain asset Acquisition as contemplated by the Skynet Acquisition Documents.”

 

“Skynet
Acquisition Agreement means that certain Asset Purchase Agreement dated on or about the Skynet Acquisition Effective Date by and among
Shift8, Paul Golibart and Jerry Ou, each an individual resident in the State of Texas, and Skynet Telecom, LLC, a Texas limited liability
company (as the same may be amended, restated or otherwise modified from time to time).”

 

“Skynet
Acquisition Documents means the Skynet Acquisition Agreement and any escrow agreement, representation and warranty insurance policy,
restrictive covenant agreement, bill of sale, assignment and assumption agreement, real estate contract, special warranty deed, assignment
of intellectual property, consulting agreement, management agreement, employment agreement, non-compete agreement, transition services
agreement, and side-letter agreement entered into in connection therewith and any and all of the other binding instruments and agreements
executed or delivered in connection with the Skynet Acquisition.”

 

“Skynet
Acquisition Effective Date means the date on which each of the conditions contained in Section 5 of the First Amendment are
satisfied in the Administrative Agent’s sole and absolute discretion.”

 

(c) The
Credit Agreement is hereby amended by deleting all references to the terms “Term Loan B”, “Term Loan B Commitment”,
and “Term Loan B Note” throughout the Credit Agreement.

 

(d) Section
4.4 of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

“4.4
Premium. Concurrently with each prepayment of the Loans (other than regularly scheduled installments and mandatory prepayments
under Sections 6.2(d) and 6.2(e)), whether such prepayment occurs prior to, on or after the Maturity Date, the Company agrees
to pay to the Administrative Agent, for the ratable benefit of the Lenders, a premium (“Premium”) equal to:

 

(a) for
each prepayment on or before November 17, 2021, 12.0% of the principal amount of the Loans being prepaid;

 

(b) for
each prepayment after November 17, 2021 but on or before November 16, 2022, 10.0% of the principal amount of the Loans being prepaid;

 

(c) for
each prepayment after November 17, 2022 but on or before November 16, 2023, 8.0% of the principal amount of the Loans being prepaid; and

 

(d) for
each prepayment after November 17, 2023 0.00% of the principal amount of the Loans being prepaid.

 

    3

     

    

 

In addition
to the foregoing Premiums, if the Company repays or prepays the Loans hereunder at any time, the Company agrees to pay to Administrative
Agent, for the ratable benefit of the Lenders, an exit fee equal to 3.0% of the principal amount of the Loans being repaid or prepaid.”

 

(e) Section
6.3 of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

“6.3 Application of Prepayments. All prepayments
shall be applied as follows:

 

(a) first,
to all fees (other than Premium) and expenses then due and owing to the Administrative Agent and the Lenders;

 

(b) second,
to accrued and unpaid interest on Term Loan A and the Delayed Draw Loan on a pari passu basis;

 

(c) third,
to any unpaid applicable Premium then due and owing with respect to Term Loan A and the Delayed Draw Loan on a pari passu basis;
and

 

(d) last,
to the remaining scheduled installments of principal of Term Loan A and the Delayed Draw Loan on a pari passu basis in the inverse
order of maturity, unless an Event of Default exists, in which case the provisions of Section 7.2 shall be applicable with respect
to application of the proceeds thereof.”

 

(f) Section
10.6 of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

“10.6 Use
of Proceeds. Use (a) all of the proceeds of the Closing Date Loans solely (i) to fund the ActivePBX Acquisition and the Nexogy
Acquisition, (ii) to provide growth capital, and (iii) to pay for transaction fees and expenses; (b) $3,700,000 of the Delayed Draw
Loans, which shall be deposited into the Company’s deposit account at Wells Fargo Bank N.A. (subject to the Control Agreement
dated as of the Closing Date), solely to fund the Skynet Acquisition on the Skynet Acquisition Effective Date (subject to Section
6 of the First Amendment); (c) $500,000 of the Delayed Draw Loans, which shall be deposited into the Company’s deposit
account at Wells Fargo Bank N.A. (subject to the Control Agreement dated as of the Closing Date), solely for general corporate and
working capital purposes (subject to Section 6 of the First Amendment); and (d) $1,800,000 of the Delayed Draw Loans, which
shall be deposited into the Company’s deposit account at Wells Fargo Bank N.A. (subject to the Control Agreement dated as of
the Closing Date), solely for professional fees and other fees, costs and expenses with respect to the transactions contemplated by
the First Amendment (subject to Section 6 of the First Amendment).”

 

    4

     

    

 

(g) Section
11.4 of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

“11.4
Restricted Payments. Each Loan Party shall not, and not permit any of its Subsidiaries to, make any Restricted Payments, except:

 

(a) any
Subsidiary may pay dividends or make other distributions to the Company or to a domestic Wholly-Owned Subsidiary, in the ordinary course
of business;

 

(b) Tax
Distributions by its Subsidiaries to the Company, and conforming distributions from the Company to its equity holders;

 

(c) any
payment with respect to the earnout obligation pursuant to Section 2.1(iii) of the ActivePBX Acquisition Agreement so long as no Event
of Default or Unmatured Event of Default exists or would result from a distribution in respect of such earnout obligation; and

 

(d) any
payment with respect to (i) the earnout obligation pursuant to Section 3.03 of the Skynet Acquisition Agreement and (ii) the contingent
payment obligation pursuant to Section 3.04 of the Skynet Acquisition Agreement, each so long as no Event of Default or Unmatured Event
of Default exists or would result from a distribution in respect of such earnout obligation or contingent payment obligation and so long
as each such payment is at all times subject to the applicable Subordination Agreement.

 

For the avoidance
of doubt, no Loan Party shall make any Restricted Payments to Parent unless at any time the Required Lenders expressly shall consent otherwise
in writing.”

 

(h) Section
11.12.4 of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

“11.12.4 Minimum
Liquidity. Each Loan Party shall not suffer or permit the aggregate amount of cash on hand of the Company and its Subsidiaries
to be less than (i) $1,000,000.00 as of the end of the Fiscal Quarter ending December 31, 2020; (ii) $1,250,000.00 as of the end of
the Fiscal Quarter ending March 31, 2021; (iii) $1,500,000.00 as of the end of the Fiscal Quarters ending June 30, 2021, September
30, 2021 and December 31, 2021; and (iv) $1,500,000.00 as of the last day of each subsequent Fiscal Quarter thereafter.”

 

(i) A
new Section 11.12.8 shall be added to the Credit Agreement in numerical order therein as follows:

 

“11.12.7
Notwithstanding anything in this Section 11.12 to the contrary, effective as of the First Amendment Closing Date, none of the financial
covenants contained in this Section 11.12 shall be tested with respect to the Fiscal Quarter ending December 31, 2021 other than
Section 11.12.4 (Minimum Liquidity) and Section 11.12.6 (Fixed Charge Coverage Ratio). For the avoidance of doubt, all financial
covenants contained in this Section 11.12 shall be tested with respect to the Fiscal Quarter ending March 31, 2022 and thereafter
pursuant to the terms and conditions hereof.”

 

    5

     

    

 

(j) Section
12.2 of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

“12.2 Delayed Draw Conditions.

 

12.2.1 Pro-forma
compliance with all financial covenants contained in Section 11.11;

 

12.2.2 the
proceeds of such Delayed Draw Loans shall be used solely to finance Permitted Acquisitions together with transaction fees associated therewith,
growth Capital Expenditures, and/or other growth initiatives, each as approved by the Administrative Agent in its sole discretion;

 

12.2.3 the
borrowing date of any Delayed Draw Loan shall be no later than May 17, 2022;

 

12.2.4 the
Administrative Agent shall have received a certificate of a Senior Officer of the Company certifying as to all of the foregoing and the
matters set forth in Section 12.3; and

 

12.2.5 the
Administrative Agent shall have received an executed Borrowing Notice.”

 

(k) Annex
A of the Credit Agreement is hereby amended and restated in its entirety to read as set forth on Exhibit A attached hereto.

 

(l) Exhibit
D (Form of Compliance Certificate) of the Credit Agreement is hereby amended and restated in its entirety to read as set forth on
Exhibit B attached hereto.

 

4. Conditions
Precedent. The amendments contained in Section 3 above are subject to, and contingent upon, Administrative Agent receiving
each of the following items, each in form and substance acceptable to Administrative Agent, unless waived in writing by Administrative
Agent in its sole and absolute determination:

 

(a) a duly executed counterpart
of this Amendment signed by each of the parties hereto;

 

(b) a duly executed opinion
of Lucosky Brookman LLP, counsel to the Loan Parties, in form and substance satisfactory to the Administrative Agent;

 

(c) for
each Loan Party, such Loan Party’s (a) charter (or similar formation document), certified by the appropriate Governmental
Authority; (b) good standing certificates in its state of incorporation (or formation) and in each other state where it is required
to file for authority to do business pursuant to the respective laws of such state; (c) bylaws (or similar governing document); (d)
resolutions of its board of directors (or similar governing body) approving and authorizing such Person’s execution, delivery
and performance of the Loan Documents to which it is party and the transactions contemplated thereby; and (e) signature and
incumbency certificates of its officers executing any of the Loan Documents and authorized to submit a Notice of Borrowing (it being
understood that the Administrative Agent and Lender may conclusively rely on each such certificate until formally advised by a like
certificate of any changes therein), all certified by an authorized officer as being in full force and effect without
modification;

 

    6

     

    

 

(d) evidence
of the existence of insurance required to be maintained pursuant to Section 10.3(b) of the Credit Agreement, together with evidence
that the Administrative Agent has been named as an additional insured on all related policies of liability insurance, lender’s loss
payee on all related policies of casualty insurance, a loss payable endorsement on all related policies of casualty insurance, and a collateral
assignment of all policies of business interruption insurance;

 

(e) a
duly executed certificate of a Senior Officer of the Company certifying as to the matters set forth in Sections 12.2 and 12.3
of the Credit Agreement;

 

(f) certified
copies of lien search reports dated a date reasonably near to the Closing Date, listing all effective Liens against which name any Loan
Party (under their present names and any previous names), along with copies of any financing statements or documentation associated with
such Liens;

 

(g) a
true and correct copy of the then-current draft of the Skynet Acquisition Agreement in form and substance acceptable to Administrative
Agent, which will be attached hereto as Exhibit C;

 

(h) payment
of an amendment fee in the amount of $368,744.28 (the “First Amendment Fee”), which First Amendment Fee shall be fully earned
when due and payable, shall be nonrefundable and shall be capitalized into the outstanding balance of the Loans; and

 

(i) such
other documents, certificates, schedules, exhibits, instruments and agreements as Administrative Agent shall reasonably request.

 

For the avoidance
of doubt, upon the disbursement by Lender to the Company of the Delayed Draw Loans on the First Amendment Closing Date, the Delayed Draw
Commitment of the Lender shall be terminated.

 

5. Conditions
Subsequent. The obligation of Lender to disburse, or cause to be disbursed, to Company any portion of the Delayed Draw Loans is subject
to the following further conditions subsequent, each in form and substance acceptable to Administrative Agent, unless waived in writing
by Administrative Agent in its sole and absolute determination:

 

(a) a
duly executed Collateral Assignment of Acquisition Documents dated on or about the Skynet Acquisition Effective Date with respect to the
Skynet Acquisition Documents;

 

(b) if
applicable pursuant to Section 6 of this Amendment, a duly executed blocked Control Agreement in respect of the Delayed Draw Account;

 

    7

     

    

 

(c) if
applicable pursuant to Section 6 of this Amendment, evidence that the Company opened, or caused to be opened, the Delayed Draw
Account at Wells Fargo Bank N.A.;

 

(d) a
duly executed Subordination Agreement dated on or about the Skynet Acquisition Effective Date with respect to the earnout obligations
pursuant to the Skynet Acquisition Agreement;

 

(e) certified
copies of lien search reports dated a date reasonably near to the Closing Date, listing all effective Liens against which name Parent
(under their present names and any previous names), along with copies of any financing statements or documentation associated with such
Liens;

 

(f) evidence
that the Skynet Acquisition shall have been consummated substantially in accordance with the terms of the Skynet Acquisition Agreement
attached hereto as Exhibit C (any and all deviations between the Skynet Acquisition Agreement attached hereto as Exhibit C
and the proposed final version must be approved by Administrative Agent in its sole discretion), and all other applicable documentation
and in compliance with all applicable law and regulatory approvals, without any amendment or waiver of any material condition or other
material provision thereof except as approved by the Administrative Agent;

 

(g) duly
executed Landlord Agreements dated on or about the Skynet Acquisition Effective Date from each the lessor(s) of any leased real property
in connection with the Skynet Acquisition;

 

(h)
after giving effect to the Skynet Acquisition, pro-forma compliance with all financial covenants contained in Section 11.11 of
the Credit Agreement, including, without limitation, compliance with the $1,500,000 Minimum Liquidity requirement pursuant to Section
11.12.4 of the Credit Agreement, as amended hereby; and

 

(i) such
other documents, certificates, schedules, exhibits, instruments and agreements as Administrative Agent shall reasonably request.

 

6.
Deadline for Use of Delayed Draw Loans and Alternate Delayed Draw Loans Use of Proceeds. Notwithstanding Section 10.6 of
the Credit Agreement or Section 5 of this Amendment, if, after the First Amendment Closing Date the conditions subsequent contained
in Section 5 of this Amendment cannot be satisfied and the Skynet Acquisition cannot be consummated on or before December 31,
2021, the Company hereby covenants and agrees that it shall either (i) establish the Delayed Draw Account at Wells Fargo Bank, N.A. (subject
to the terms and provisions of a blocked Control Agreement) and transfer all proceeds of the Delayed Draw Loan to the Delayed Draw Account,
each not later than January 14, 2022, or (ii) immediately prepay the Delayed Draw Term Loan in an amount equal to all Delayed Draw Loan
proceeds (less any amounts necessary for professional fees and other fees, costs and expenses with respect to the transactions contemplated
by this Amendment in accordance with Section 10.6 of the Credit Agreement) in accordance with Sections 4.4, 6.1,
and 6.3 of the Credit Agreement. If the Delayed Draw Account is established pursuant to the foregoing sentence and, thereafter,
the conditions subsequent contained in Section 5 of this Amendment cannot be satisfied and the Skynet Acquisition cannot be consummated,
notwithstanding Section 10.6 of the Credit Agreement or Section 5 of this Amendment, the Company hereby covenants and agrees
that it shall either (y) use the proceeds of the Delayed Draw Loans in the Delayed Draw Account to finance another Permitted Acquisition
together with transaction fees associated therewith, growth Capital Expenditures, and/or other growth initiatives, each as approved by
the Administrative Agent in its sole discretion, on or before the six (6) month anniversary of the First Amendment Closing Date and so
long as Administrative Agent receives such documents, certificates and information as the Administrative Agent may request in relation
thereto in its sole discretion, or (z) immediately prepay the Delayed Draw Term Loan in an amount equal to all funds remaining in the
Delayed Draw Account at such time in accordance with Sections 4.4, 6.1, and 6.3 of the Credit Agreement. For the
avoidance of doubt, failure of the Company or any Loan Party to comply with Section 10.6 of the Credit Agreement or this Section
6 of this Amendment shall constitute an immediate Event of Default.

 

    8

     

    

 

7. Financial
Covenant Amendments. As soon as practicable and, in any event, not later than January 31, 2022, Company shall furnish to the Administrative
Agent consolidated and consolidating financial projections for the Company and its Subsidiaries for the Fiscal Year ending December 31,
2022 through and including the Fiscal Year ending December 31, 2024 (which projections shall include all contemplated future acquisitions
and monthly operating and cash flow budgets), in a manner consistent with the projections delivered by the Company to the Lenders prior
to the First Amendment Closing Date (or otherwise in a manner satisfactory to the Administrative Agent), accompanied by a certificate
of a Senior Officer of the Company on behalf of the Company certifying that (a) such projections were prepared by the Company in good
faith, (b) the Company has a reasonable basis for the assumptions contained in such projections and (c) such projections have been prepared
in accordance with such assumptions. Based on the Administrative Agent’s review of the foregoing projections, the Administrative
Agent, in its sole and absolute discretion, may amend the financial covenants contained in Section 11.11 of the Credit Agreement
to reflect, among other things, such projections and the consummation of the Skynet Acquisition (if applicable).

 

8. Costs,
Expenses and Taxes. Without limiting the obligation of the Loan Parties to reimburse Administrative Agent (and, as applicable, Lenders)
for all costs, fees, disbursements and expenses incurred by Administrative Agent and Lenders as specified in the Credit Agreement, as
amended by this Amendment, the Loan Parties agree to pay on demand all costs, fees, disbursements and expenses of Administrative Agent
in connection with the preparation, execution and delivery of this Amendment and the other agreements, modifications, instruments and
documents contemplated hereby (collectively, the “Transaction Documents”), including, without limitation, reasonable
attorneys’ fees and expenses.

 

9. Representations,
Warranties and Covenant of the Loan Parties. Each Loan Party hereby jointly and severally hereby represents and warrants to Administrative
Agent and Lender, which representations and warranties shall survive the execution and delivery hereof, that on and as of the date hereof
and after giving effect to this Amendment:

 

(a)
Each Loan Party has the limited liability company power and authority to execute and deliver this Amendment and the Transaction
Documents to which it is a party (and perform its respective obligations hereunder and thereunder). This Amendment and the
Transaction Documents to which such Loan Party is a party have been duly authorized by such Loan Party. This Amendment, the
Transaction Documents to which such Loan Party is a party, and the Credit Agreement (as amended by this Amendment) each constitute
the legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with their respective
terms, subject to the effect of any applicable bankruptcy, insolvency, reorganization or similar law affecting creditor’s
rights generally and general principles of equity;

 

    9

     

    

 

(b) Each
Loan Party’s representations and warranties set forth in the Credit Agreement and in the other Loan Documents are true, correct
and complete in all material respects (or, if any such representation or warranty is by its terms qualified by concepts of materiality,
such representation or warranty is true and correct in all respects) on and as of the date hereof except to the extent that such representations
and warranties expressly related solely to an earlier date, in which case such representations were true, correct and complete in all
material respects (or, if any such representation or warranty is by its terms qualified by concepts of materiality, such representation
or warranty is true and correct in all respects) on and as of such earlier date;

 

(c) All
Obligations now due or payable by any Loan Party to Lenders or Administrative Agent are unconditionally owing by such Loan Party to Lenders
and Administrative Agent, without offset, defense or counterclaim of any kind, nature or description whatsoever; and

 

(d) No
Default or Event of Default shall have occurred and be continuing, and no “Default” or “Event of Default” shall
have occurred and be continuing under the Loan Documents or the Mezzanine Documents, as of the date hereof or shall occur immediately
after giving effect to this Amendment.

 

Each Loan Party
acknowledges that Administrative Agent and Lenders are specifically relying upon the representations, warranties and agreements contained
in this Amendment and that such representations, warranties and agreements constitute a material inducement to Administrative Agent and
Lenders in entering into this Amendment.

 

10. Release
by Loan Parties. In further consideration of the execution of this Amendment by Administrative Agent and Lenders, each Loan
Party (on behalf of itself and its shareholders, directors, members, managers, partners, officers, affiliates, successors and
assigns) hereby unconditionally, absolutely and irrevocably forever remises, releases, acquits, satisfies and forever discharges
Administrative Agent and Lender and their respective successors, assigns, affiliates, parent entities, officers, employees,
directors, shareholders, agents and attorneys (collectively, the “Releasees”) from any and all claims, demands,
liabilities, disputes, damages, suits, controversies, penalties, fees, costs, expenses, actions and causes of action (whether at law
or in equity) and obligations of every nature whatsoever, whether liquidated or unliquidated, known or unknown, matured or
unmatured, fixed or contingent (all of the foregoing, “Claims”), that such Loan Party (or any of its respective
shareholders, directors, members, managers, partners, officers, affiliates, successors or assigns) occurring on or before the date
hereof, from any or all of the Releasees, which arise from or relate to any actions, omissions, conditions, events, or any other
circumstances whatsoever on or prior to the date hereof, including, without limitation, with respect to the Obligations, any
Collateral, the Credit Agreement, the transactions relating thereto or hereto, and any other Loan Document, other than for the gross
negligence or willful misconduct of Administrative Agent as finally determined in a non-appealable order of a court of competent
jurisdiction.

 

    10

     

    

 

 11. Reference to Credit Agreement; No Waiver.

 

(a) References.
Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement,” “hereunder,”
“hereof,” “herein” or words of like import shall mean and be a reference to the Credit Agreement, as amended hereby.
The term “Loan Documents” as defined in Section 1.1 of the Credit Agreement shall include (in addition to the Loan
Documents described in the Credit Agreement) this Amendment and the other Transaction Documents.

 

(b) No
Waiver. The failure of Administrative Agent (or, as applicable, Lenders), at any time or times hereafter, to require strict performance
by Loan Parties of any provision or term of the Credit Agreement, this Amendment or the other Loan Documents shall not waive, affect or
diminish any right of Administrative Agent (or, as applicable, Lenders) hereafter to demand strict compliance and performance herewith
or therewith. Any suspension or waiver by Administrative Agent or Lenders of a breach of this Amendment or any Event of Default under
the Credit Agreement shall not, except as expressly set forth in a writing signed by Administrative Agent, suspend, waive or affect any
other breach of this Amendment or any Event of Default under the Credit Agreement, whether the same is prior or subsequent thereto and
whether of the same or of a different kind or character. None of the undertakings, agreements, warranties, covenants and representations
of the Loan Parties contained in this Amendment, shall be deemed to have been suspended or waived by Administrative Agent or Lenders unless
such suspension or waiver is (i) in writing and signed by Administrative Agent and (ii) delivered to the Loan Parties. In no event shall
Administrative Agent’s and Lenders’ execution and delivery of this Amendment establish a course of dealing among Administrative
Agent, Lenders, Loan Parties or any other obligor, or in any other way obligate Administrative Agent or Lenders to hereafter provide any
amendments or waivers with respect to the Credit Agreement. The terms and provisions of this Amendment shall be limited precisely as written
and shall not be deemed (x) to be a consent to any amendment or modification of any other term or condition of the Credit Agreement or
of any of the Loan Documents (except as expressly provided herein); or (y) to prejudice any right or remedy which Administrative Agent
or any Lender may now have under or in connection with the Credit Agreement or any of the Loan Documents. The execution, delivery and
effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of Administrative Agent or any Lender under
the Credit Agreement or any of the Loan Documents, or any Default or Event of Default under the Credit Agreement. It is the intention
of the parties hereto that the execution and delivery of this Amendment does not effectuate a novation of the liabilities and obligations
of the Loan Parties to Administrative Agent or Lenders with respect to the Loans, but merely serves as a modification of certain terms
thereof.

 

(c) Full
Force and Effect. The Credit Agreement and all Loan Documents, in each case as amended hereby, shall remain in full force and effect
and are hereby ratified and confirmed.

 

    11

     

    

 

(d) Reaffirmation
of Security Interest. Each Loan Party hereby ratifies and reaffirms any and all grants of Liens to Administrative Agent in, to
and on the Collateral as security for the Obligations, and the Company acknowledges and confirms that the grants of the Liens to
Administrative Agent for the benefit of itself and Lenders in, to and on the Collateral: (i) represent continuing Liens on all of
the Collateral, (ii) secure the indefeasible payment in full in cash all of the Obligations when due or declared due in accordance
with the terms of the Credit Agreement, and (iii) represent valid and first priority perfected Liens on all of the Collateral
(subject only to Permitted Liens).

 

12. Miscellaneous.
Titles and headings herein are solely for the convenience of the parties and are without substantive legal meaning. This Amendment may
only be amended or modified by a writing signed by Administrative Agent, Required Lenders and the Loan Parties. Neither this Amendment
nor any uncertainty or ambiguity herein shall be construed or resolved against Administrative Agent or Lenders, whether under any rule
of construction or otherwise.

 

13. Successors
and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns; provided, however, the Loan Parties may not assign any of its rights or obligations under this Amendment without
the prior written consent of Administrative Agent.

 

14. Severability.
Wherever possible, each provision of this Amendment shall be interpreted in such a manner so as to be effective and valid under applicable
law, but if any provision of this Amendment is held to be prohibited by or invalid under applicable law, such provision or provisions
shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Amendment.

 

15. Counterparts.
This Amendment may be executed in one or more counterparts, each of which taken together shall constitute one and the same instrument,
admissible into evidence.

 

16. Facsimile.
A signature hereto sent or delivered by facsimile or other electronic means shall be as legally binding and enforceable as a signed original
for all purposes.

 

17. Governing
Law. This Amendment and the other Loan Documents and any claims, controversy, dispute or cause of action (whether in contract or tort
or otherwise) based upon, arising out of or relating to this Amendment or any other Loan Document (except, as to any other Loan Document,
as expressly set forth therein) and the transactions contemplated hereby and thereby shall be governed by, and construed in accordance
with, the law of the State of New York.

 

    12

     

    

 

18.
Jurisdiction. ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT,
SHALL BE BROUGHT AND MAINTAINED EXCLUSIVELY IN THE COURTS OF NEW YORK COUNTY, THE STATE OF NEW YORK, OR IN THE UNITED STATES DISTRICT
COURT FOR THE SOUTHERN DISTRICT OF NEW YORK; OR, IF THE ADMINISTRATIVE AGENT INITIATES SUCH ACTION, IN ADDITION TO THE FOREGOING COURTS,
ANY COURT IN WHICH THE ADMINISTRATIVE AGENT SHALL INITIATE OR TO WHICH THE ADMINISTRATIVE AGENT SHALL REMOVE SUCH ACTION, TO THE EXTENT
SUCH COURT OTHERWISE HAS JURISDICTION. EACH LOAN PARTY HEREBY EXPRESSLY AND IRREVOCABLY CONSENTS AND SUBMITS IN ADVANCE TO THE JURISDICTION
OF SUCH COURTS IN ANY ACTION OR PROCEEDING COMMENCED IN OR REMOVED BY THE ADMINISTRATIVE AGENT TO ANY OF SUCH COURTS, HEREBY WAIVES PERSONAL
SERVICE OF THE SUMMONS AND COMPLAINT, OR OTHER PROCESS OR PAPERS ISSUED THEREIN, AND HEREBY AGREES THAT SERVICE OF SUCH SUMMONS AND COMPLAINT
OR OTHER PROCESS OR PAPERS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH LOAN PARTY AT THE ADDRESS SET FORTH IN SECTION
15.3 OF THE CREDIT AGREEMENT. EACH LOAN PARTY WAIVES ANY CLAIM THAT ANY COURT HAVING SITUS IN NEW YORK COUNTY, NEW YORK, IS AN INCONVENIENT
FORUM OR AN IMPROPER FORUM BASED ON LACK OF VENUE. SHOULD ANY LOAN PARTY, AFTER BEING SO SERVED, FAIL TO APPEAR OR ANSWER ANY SUMMONS,
COMPLAINT, PROCESS OR PAPERS SO SERVED WITHIN THE PERIOD OF TIME PRESCRIBED BY LAW AFTER THE MAILING THEREOF, SUCH LOAN PARTY SHALL BE
DEEMED IN DEFAULT AND AN ORDER AND/OR JUDGMENT MAY BE ENTERED BY THE ADMINISTRATIVE AGENT AGAINST SUCH LOAN PARTY AS DEMANDED OR PRAYED
FOR IN SUCH SUMMONS, COMPLAINT, PROCESS OR PAPERS. THE EXCLUSIVE CHOICE OF FORUM FOR THE LOAN PARTIES SET FORTH IN THIS SECTION 18
SHALL NOT BE DEEMED TO PRECLUDE THE ENFORCEMENT, BY THE ADMINISTRATIVE AGENT, OF ANY JUDGMENT OBTAINED IN ANY OTHER FORUM OR THE
TAKING, BY THE ADMINISTRATIVE AGENT, OF ANY ACTION TO ENFORCE THE SAME IN ANY OTHER APPROPRIATE JURISDICTION, AND EACH LOAN PARTY HEREBY
IRREVOCABLY WAIVES THE RIGHT TO COLLATERALLY ATTACK ANY SUCH JUDGMENT OR ACTION.

 

19.
WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR ANY OTHER
LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER
PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION 19.

 

20.
Tax Treatment of the New Principal Amount. Notwithstanding anything to the contrary contained in this Amendment and solely for
all U.S. federal, state and local income tax purposes, the parties hereby agree that the Lenders’ advance of the New Principal
Amount shall be treated as a new loan rather than a modification of the existing Loans under the Credit Agreement, and, as a result,
Treasury Regulation 1.1001-3 shall not apply to the incurrence of the New Principal Amount. The Lenders and the Company hereby agree
that they shall report the transaction consistent with this approach and shall not take any inconsistent position on any U.S. federal,
state or local tax filing or with any governmental authority, in each case without the express written consent of the other party.

 

[Signature
pages follow.]

 

    13

     

    

 

IN
WITNESS WHEREOF, the undersigned have duly executed this First Amendment to Credit Agreement as of the date first above written.

 

	 	COMPANY:
	 	 
	 	T3 COMMUNICATIONS, INC., a Nevada corporation, as
    the Company
	 	 	 
	 	By:	/s/ Arthur L.
    Smith                                 
	 	Name: 	Arthur
    L. Smith
	 	Title:	CEO

 

[Signature
Page to First Amendment to Credit Agreement] 

 

    14

     

    

 

	 	ADMINISTRATIVE AGENT:
	 	 
	 	POST ROAD ADMINISTRATIVE LLC
	 	 	 
	 	By:	/s/
    Michael Bogdan                              
	 	Name: 	Michael Bogdan
	 	Title:	Authorized signatory
	 	 	 
	 	LENDERS:
	 	 	 
	 	POST ROAD SPECIAL OPPORTUNITY FUND II
    LP
	 	 	 
	 	By:	/s/
    Michael Bogdan
	 	Name:
    	Michael
    Bogdan 
	 	Title:	Authorized
    Signatory

 

[Signature
Page to First Amendment to Credit Agreement] 

 

    15

     

    

 

EXHIBIT
A

TO
FIRST AMENDMENT TO CREDIT AGREEMENT

 

Annex
A to Credit Agreement

 

ANNEX
A

 

LENDERS,
COMMITMENTS AND PRO RATA SHARES

 

	Lender:	 	Term
    Loan A Commitment	 	 	Delayed
    Draw Commitment	 	 	Pro
    Rata Share	 
	Post Road
    Special Opportunity Fund II LP	 	$	22,168,515.30	 	 	$	6,000,000	 	 	 	100	%
	Total	 	$	22,168,515.30	 	 	$	6,000,000	 	 	 	100	%

 

    16

     

    

 

EXHIBIT
B

TO
FIRST AMENDMENT TO CREDIT AGREEMENT

 

Exhibit
D. to Credit Agreement (Form of Compliance Certificate)

 

See
attached.

 

    17

     

    

 

EXHIBIT
D

 

FORM
OF COMPLIANCE CERTIFICATE

 

To:
Post Road Administrative LLC, as the Administrative Agent

 

Please
refer to the Credit Agreement dated as of November 17, 2020 (as amended, restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”) among T3 COMMUNICATIONS, INC. a Nevada corporation (the “Company”), the
Subsidiaries of the Company that are or from time to time may become parties hereto, various Persons, as Lenders, and Post Road Administrative
LLC, as the Administrative Agent. Capitalized terms used but not elsewhere defined herein shall have the respective meanings ascribed
to such terms in the Credit Agreement.

 

I.
Financial Statements. Enclosed herewith is a copy of the [annual audited/monthly] financial statements of the Company as
at [ ] (the “Computation Date”), which statements fairly present in all material respects the financial condition
and results of operations (subject, in the case of monthly statements, to the absence of footnotes and to normal year-end adjustments)
of the Company as of the Computation Date and, in the case of (i) interim financial statements that have been prepared in accordance
with the Company’s past accounting practices consistently applied and (ii) annual audited financial statements have been prepared
in accordance with GAAP consistently applied.

 

II.
Operating Report. Enclosed herewith is an operating report showing bookings, and customer churn as of the Computation Date or
the applicable period then ending.

 

III.
Underlying Calculations. Enclosed herewith is a copy of the spreadsheets and other calculations used to calculate the financial
tests below.

 

IV.
Financial Tests. The Company hereby certifies and warrants to the Administrative Agent and each Lender that the following is a
true and correct computation as at the Computation Date of the following ratios and/or financial restrictions contained in the Credit
Agreement and each of the enclosed are true and correct as at the Computation Date for the applicable period or Fiscal Quarter ending
as of the Computation Date as required under Section 11.12 of the Credit Agreement:

 

	1.	Maximum
                                            Senior Leverage Ratio as of the last day of the Fiscal Quarter ending on the Computation
                                            Date (Section 11.12.2)

 

		a.	Senior
                                            Debt	 	$_____________

 

	 	b.	EBITDA (from item 2(j) below)	 	$_____________

 

	 	c.	Ratio of 1(a) to 1(b)	 	________ to 1.00

 

	 	d.	Maximum Allowed	 	________ to 1.00

 

	 	e.	In compliance? (Yes/No)	 	_____________

 

    18

     

    

 

		2.	Minimum
                                            EBITDA as of the last day of the Fiscal Quarter ending on the Computation Date (Section
                                            11.12.3)

 

		a.	Consolidated
                                            Net Income 	 	$______________

 

 

		b.	Interest
                                            Expense 	 	$______________

 

 

		c.	Income
                                            tax expense 	 	$______________

 

 

		d.	Depreciation
                                            and amortization 	 	$______________

 

 

		e.	Professional
                                            fees and other fees, costs and expenses with respect to the transactions contemplated by
                                            the Credit Agreement (including with respect to the acquisitions consummated on or about
                                            the Closing Date) incurred by the Loan Parties during such period in an aggregate amount
                                            not to exceed $200,000	 	$______________

 

 

		f.	One-time
                                            non-recurring expenses not exceeding $200,000 per year in the aggregate	 	$______________

 

 

 

		g.	Amounts
                                            paid by the Company with respect to board fees and expenses, in an amount not exceeding $50,000
                                            per year in the aggregate

	 	$______________

 

 

		h.	Sum
                                            of 2(a) through 2(h) above	 	$______________

 

 

		i.	Without
                                            duplication and to the extent included in determining such Consolidated Net Income, proceeds
                                            of insurance, other than business interruption insurance	 	$______________

 

 

		j.	2(h)
                                            minus 2(i) 	 	$______________

 

 

		k.	Minimum
                                            allowed 	 	$______________

 

 

		l.	In
                                            compliance? (Yes/No)	 	______________

 

    19

     

    

 

	3.	Minimum
    Liquidity as of the last day of the Fiscal Quarter ending on the Computation Date (Section 11.12.4)

 

	 	a.	Cash on hand	 	$ _____________

 

	 	b.	Minimum allowed	 	$ _____________

 

	 	c.	In compliance?
    (Yes/No)	 	______________

 

	4.	Maximum
    Capital Expenditures as of the last day of the Fiscal Year ending on the Computation Date (Section 11.12.5)

 

	 	a.	Capital
    Expenditures	 	$
    _____________

 

	 	b.	Maximum
    allowed	 	$379,190.00

 

	 	c.	In
    compliance? (Yes/No)	 	______________

 

	5.	Minimum
    Fixed Charge Coverage Ratio as of the last day of the Fiscal Quarter ending on the Computation Date (Section 11.12.6)

 

	 	a.	EBITDA
for the preceding four consecutive Fiscal Quarters (from item 2(j) above)	 	$
    _____________

 

	 	b.	Actual
    amount paid by the Company and its Subsidiaries in cash during such period on account of:	 	 

 

	 	i.	Capital
    Expenditures (excluding Capital Expenditures constituting payments in respect of Capital Lease obligations and Capital Expenditures
    financed by Debt permitted under Section 11.1(b) of the Credit Agreement) in accordance with Section
    11.11.4 of the Credit Agreement	 	$
    _____________

 

	 	ii.	Current portion
    of all income Taxes	 	$ _____________

 

	 	iii.	Restricted Payments	 	$ _____________

 

	 	iv.	Sum of 5(b)(i)
    through 5(b)(iii) above	 	$ _____________

 

    20

     

    

 

	 	c.	5(a) plus 5(b)(iv)	 	$
    _____________

 

		d.	For the preceding
                                            four Fiscal Quarters:

 

		i.	Cash
                                            Interest Expense for such period	 	$ _____________

 

		ii.	Scheduled
                                            principal payments made or scheduled to be made on Total Debt during such period	 	$_____________

 

		iii.	5(d)(i)
                                            plus 5(d)(ii)	 	$_____________

 

		e.	Ratio
                                            of 5(c) to 5(d)(iii)	 	___to 1.00

 

		f.	Minimum
                                            allowed	 	1.50 to
                                            1.00

 

		g.	In
                                            compliance? (Yes/No)	 	_____________

 

	6.	Maximum Churn ending on the Computation
                                 Date (Section 11.12.7)

 

		a.	lost
                                            monthly Recurring Revenue from clients or Account Debtors of the Company at the commencement
                                            of the applicable trailing three month period	 	$_____________

 

		b.	new
                                            monthly Recurring Revenue from clients or Account Debtors of the Company at the commencement
                                            of the applicable trailing three month period	 	$_____________

 

		c.	6(a)
                                            minus 6(b) above	 	$_____________

 

		d.	the
                                            Company’s monthly Recurring Revenue at the commencement of such trailing three month
                                            period	 	$_____________

 

	 	 	 	 	 

		e.	6(c)
                                            divided by 6(d) above	 	________%

 

		f.	Maximum
                                            allowed	 	________3.00%

 

		g.	In
                                            compliance? (Yes/No)	 	________

 

The
Company further certifies the Administrative Agent and the Lenders that no Event of Default or Unmatured Event of Default has occurred
and is continuing.

 

    21

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Certificate to be duly executed and delivered by its duly authorized officer on __________,___.

 

	 	T3 COMMUNICATIONS,
    INC.
	 	 	 
	 	By:
    	                         
	 	Name: 	 
	 	Title:	 

 

 

22

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