Document:

EXHIBIT 4.3

 

NEITHER THIS NOTE NOR THE SECURITIES
THAT ARE ISSUABLE TO THE HOLDER UPON CONVERSION HEREOF (COLLECTIVELY, THE “SECURITIES”) HAVE BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION.
NEITHER THE SECURITIES NOR ANY INTEREST OR PARTICIPATION THEREIN MAY BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED: (I) IN
THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE 1933 ACT OR APPLICABLE STATE SECURITIES LAWS; OR
(II) IN THE ABSENCE OF AN OPINION OF COUNSEL, IN A FORM REASONABLY ACCEPTABLE TO THE ISSUER, THAT REGISTRATION IS NOT REQUIRED
UNDER THE 1933 ACT OR; (III) UNLESS SOLD, TRANSFERRED OR ASSIGNED PURSUANT TO RULE 144 UNDER THE 1933 ACT.

 

BY ACCEPTING THIS OBLIGATION, THE HOLDER
REPRESENTS AND WARRANTS THAT IT IS NOT A UNITED STATES PERSON (OTHER THAN AN EXEMPT RECIPIENT DESCRIBED IN SEC 6049(B)(4) OF THE
INTERNAL REVENUE CODE AND REGULATIONS THEREUNDER) AND THAT IT IS NOT ACTING FOR OR ON BEHALF OF A UNITES STATES PERSON (OTHER THAN
AN EXEMPT RECIPIENT DESCRIBED IN SEC. 6049(B)(4) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER).

 

REPLACEMENT REVOLVING NOTE

 

	$550,000.00	Issuance Date:  as of June 11, 2013
	 	Due Date:  August 22, 2013

 

 

FOR VALUE RECEIVED,
SOCIAL REALITY, INC., a Delaware corporation (the “Borrower”), promises to pay to the order of
TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, “Lender”), whose
address is 1404 Rodman Street, Hollywood, Florida 33020, on or before August 22, 2013 (the “Revolving Loan Maturity
Date”), the lesser of: (i) FIVE HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($550,000.00); or (ii) the aggregate principal
amount of all Revolving Loans outstanding under and pursuant to that certain Credit Agreement dated as of December 31, 2012 and
made effective as of February 22, 2013, executed by and among Borrower and Lender, as amended from time to time (as amended, supplemented
or modified from time to time, the “Credit Agreement”), and made available by Lender to Borrower at the
maturity or maturities and in the amount or amounts stated on the records of Lender, together with interest (computed on the actual
number of days elapsed on the basis of a 360 day year) on the aggregate principal amount of all Revolving Loans outstanding from
time to time, as provided in the Credit Agreement. Capitalized words and phrases not otherwise defined herein shall have the meanings
assigned thereto in the Credit Agreement.

 

    	 

    	 

    

 

This Replacement Revolving Note (“Note”)
evidences the Revolving Loans incurred by Borrower under and pursuant to the Credit Agreement, to which reference is hereby made
for a statement of the terms and conditions under which the Revolving Loan Maturity Date or any payment hereon may be accelerated.
The holder of this Note is entitled to all of the benefits and security provided for in the Credit Agreement and the Security Agreement,
of even date with the Credit Agreement, executed by and between Borrower and Lender. All Revolving Loans shall be repaid by Borrower
on the Revolving Loan Maturity Date, unless payable sooner pursuant to the provisions of the Credit Agreement.This Note
replaces and supersedes any promissory notes previously made and given by Borrower to Lender under the Credit Agreement which represent
a Revolving Loan Commitment less than the amount of this Note.

 

Principal and interest
shall be paid to Lender as set forth in the Credit Agreement, or at such other place as the holder of this Note shall designate
in writing to Borrower. Each Revolving Loan made by Lender, and all payments on account of the principal and interest thereof
shall be recorded on the books and records of Lender and the principal balance as shown on such books and records, or any copy
thereof certified by an officer of Lender, shall be rebuttably presumptive evidence of the principal amount owing hereunder.

 

Except for such notices
as may be required under the terms of the Credit Agreement, Borrower waives presentment, demand, notice, protest, and all other
demands, or notices, in connection with the delivery, acceptance, performance, default, or enforcement of this Note, and assents
to any extension or postponement of the time of payment or any other indulgence.

 

Borrower shall be solely
responsible for the payment of any and all documentary stamps and other taxes applicable to the full face amount of this Note.

 

The Revolving Loans
evidenced hereby have been made and/or issued and this Note has been delivered at Lender’s main office set forth above. This
Note shall be governed and construed in accordance with the laws of the State of Nevada, in which state it shall be performed,
and shall be binding upon Borrower and its legal representatives, successors, and assigns. Wherever possible, each provision of
the Credit Agreement and this Note shall be interpreted in such manner as to be effective and valid under applicable law, but if
any provision of the Credit Agreement or this Note shall be prohibited by or be invalid under such law, such provision shall be
severable, and be ineffective to the extent of such prohibition or invalidity, without invalidating the remaining provisions of
the Credit Agreement or this Note.

 

Nothing herein contained,
nor in any instrument or transaction relating hereto, shall be construed or so operate as to require Borrower, or any person liable
for the payment of this Note, to pay interest in an amount or at a rate grater than the highest rate permissible under applicable
law. By acceptance hereof, Lender hereby warrants and represents to Borrower that Lender has no intention of charging a usurious
rate of interest. Should any interest or other charges paid by Borrower, or any parties liable for the payments made pursuant to
this Note, result in the computation or earning of interest in excess of the highest rate permissible under applicable law, any
and all such excess shall be and the same is hereby waived by the holder hereof. Lender shall make adjustments in the Note or Credit
Agreement, as applicable, as necessary to ensure that Borrower will not be required to pay further interest in excess of the amount
permitted by applicable law. All such excess shall be automatically credited against and in reduction of the outstanding principal
balance. Any portion of such excess which exceeds the outstanding principal balance shall be paid by the holder hereof to the Lender
and any parties liable for the payment of this Note, it being the intent of the parties hereto that under no circumstances shall
Borrower, or any party liable for the payments hereunder, be required to pay interest in excess of the highest rate permissible
under applicable law.

 

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THE HOLDER IS A NON-U.S. PERSON AS THAT
TERM IS DEFINED IN THE UNITED STATES INTERNAL REVENUE CODE.  IT IS HEREBY AGREED AND UNDERSTOOD THAT THE OBLIGATIONS HEREUNDER
MAY BE SOLD OR RESOLD ONLY TO NON-U.S. PERSONS.  THE INTEREST PAYABLE HEREUNDER IS PAYABLE ONLY OUTSIDE THE UNITED STATES. 
ANY U.S. PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER THE UNITED STATES INCOME TAX LAW.

 

Conversion of Note.
At any time and from time to time while this Note is outstanding, but only upon the occurrence of an Event of Default under the
Credit Agreement or any other Loan Documents, this Note may be, at the sole option of the Lender, convertible into shares of the
common stock, par value $0.001 per share (the “Common Stock”) of Borrower, in accordance with the terms
and conditions set forth below.

 

(a)Voluntary
Conversion. At any time while this Note is outstanding, but only upon the occurrence of an Event of Default under the Credit
Agreement or any other Loan Documents, the Lender may convert all or any portion of the outstanding principal, accrued and unpaid
interest, and any other sums due and payable hereunder or under the Credit Agreement (such total amount, the “Conversion
Amount”) into shares of Common Stock of the Borrower (the “Conversion Shares”) at a price
equal to: (i) the Conversion Amount (the numerator); divided by (ii) eighty-five percent (85%) of the lowest daily volume
weighted average price of the Borrower’s Common Stock during the five (5) Business Days immediately prior to the Conversion
Date, which price shall be indicated in the conversion notice (in the form attached hereto as Exhibit “A”,
the “Conversion Notice”) (the denominator) (the “Conversion Price”). The Lender
shall submit a Conversion Notice indicating the Conversion Amount, the number of Conversion Shares issuable upon such conversion,
and where the Conversion Shares should be delivered.

 

(b)The Lender’s Conversion
Limitations. The Borrower shall not affect any conversion of this Note, and the Lender shall not have the right to convert
any portion of this Note, to the extent that after giving effect to the conversion set forth on the Conversion Notice submitted
by the Lender, the Lender (together with the Lender’s Affiliates and any Persons acting as a group together with the Lender
or any of the Lender’s Affiliates) would beneficially own shares of Common Stock in excess of the Beneficial Ownership Limitation
(as defined herein). To ensure compliance with this restriction, prior to delivery of any Conversion Notice, the Lender shall have
the right to request that the Borrower provide to the Lender a written statement of the number of shares of Borrower’s Common
Stock issued and outstanding (on a fully diluted basis) immediately prior to the contemplated conversion. The Borrower shall, within
two (2) Business Days of such request, provide Lender with the requested information in a written statement, and the Lender shall
be entitled to rely on such written statement from the Borrower in issuing its Conversion Notice and ensuring that its ownership
of the Borrower’s Common Stock is not in excess of the Beneficial Ownership Limitation. The restriction described in this
Section may be waived by Lender, in whole or in part, upon notice from the Lender to the Borrower to increase such percentage.

 

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For purposes of this
Note, the “Beneficial Ownership Limitation” shall be 4.99% of the number of shares of Common Stock outstanding
immediately after giving effect to the issuance of shares of Common Stock issuable upon conversion of this Note.  The limitations
contained in this Section shall apply to a successor holder of this Note. For purposes of this Note, “Person”
means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated
organization or a government or any department or agency thereof.

 

(c)Mechanics
of Conversion. The conversion of this Note shall be conducted in the following manner:

 

(1) To convert this
Note into shares of Common Stock on any date set forth in the Conversion Notice by the Lender (the “Conversion Date”),
the Lender shall transmit by facsimile or electronic mail (or otherwise deliver) a copy of the fully executed Conversion Notice
to the Borrower (or, under certain circumstances as set forth below, by delivery of the Conversion Notice to the Borrower’s
transfer agent).

 

(2)Borrower’s
Response. Upon receipt by the Borrower of a copy of a Conversion Notice, the Borrower shall as soon as practicable,
but in no event later than two (2) Business Days after receipt of such Conversion Notice, send, via facsimile or electronic mail
(or otherwise deliver) a confirmation of receipt of such Conversion Notice (the “Conversion Confirmation”)
to the Lender indicating that the Borrower will process such Conversion Notice in accordance with the terms herein. In the
event the Borrower fails to issue its Conversion Confirmation within said two (2) Business Day time period, the Lender shall have
the absolute and irrevocable right and authority to deliver the fully executed Conversion Notice to the Borrower’s transfer
agent, and pursuant to the terms of the Credit Agreement, the Borrower’s transfer agent shall issue the applicable Conversion
Shares to Lender as hereby provided. Within five (5) Business Days after the date of the Conversion Confirmation (or the date of
the Conversion Notice, if the Borrower fails to issue the Conversion Confirmation), provided that the Borrower’s transfer
agent is participating in the Depository Trust Borrower (“DTC”) Fast Automated Securities Transfer (“FAST”)
program, the Borrower shall cause the transfer agent to (or, if for any reason the Borrower fails to instruct or cause its transfer
agent to so act, then pursuant to the Credit Agreement, the Lender may request and require the Borrower’s transfer agent
to) electronically transmit the applicable Conversion Shares to which the Lender shall be entitled by crediting the account of
the Lender’s prime broker with DTC through its Deposit Withdrawal Agent Commission (“DWAC”) system,
and provide proof satisfactory to the Lender of such transfer. In the event that the Borrower’s transfer agent is not participating
in the DTC FAST program, or the Borrower’s Common Stock is not DTC eligible, or otherwise DWAC eligible, within five (5)
Business Days after the date of the Conversion Confirmation (or the date of the Conversion Notice, if the Borrower fails to issue
the Conversion Confirmation), the Borrower shall instruct and cause its transfer agent to (or, if for any reason the Borrower fails
to instruct or cause its transfer agent to so act, then pursuant to the Credit Agreement, the Lender may request and require the
Borrower’s transfer agent to) issue and surrender to a nationally recognized overnight courier for delivery to the address
specified in the Conversion Notice, a certificate, registered in the name of the Lender, or its designees, for the number of Conversion
Shares to which the Lender shall be entitled. To effect conversions hereunder, the Lender shall not be required to physically surrender
this Note to the Borrower unless the entire principal amount of this Note, plus all accrued and unpaid interest thereon, has been
so converted. Conversions hereunder shall have the effect of lowering the outstanding principal amount of this Note in an amount
equal to the applicable conversion.  The Lender and the Borrower shall maintain records showing the principal amount(s)
converted and the date of such conversion(s).  The Lender, and any assignee by acceptance of this Note, acknowledge
and agree that, by reason of the provisions of this paragraph, following conversion of a portion of this Note, the unpaid and unconverted
principal amount of this Note may be less than the amount stated on the face hereof. 

 

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(3)Record Lender.
The Person(s) 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(s) of such shares of Common Stock as of the Conversion Date.

 

(4)Failure to
Deliver Certificates. If in the case of any Conversion Notice, the certificate or certificates are not delivered to or as directed
by the Lender by the date required hereby, the Lender shall be entitled to elect by written notice to the Borrower at any time
on or before its receipt of such certificate or certificates, to rescind such Conversion Notice, in which event the Borrower shall
promptly return to the Lender any original Note delivered to the Borrower and the Lender shall promptly return to the Borrower
the Common Stock certificates representing the principal amount of this Note unsuccessfully tendered for conversion to the Borrower.

 

(5)Obligation
Absolute; Partial Liquidated Damages. The Borrower’s obligations to issue and deliver the Conversion Shares upon conversion
of this Note in accordance with the terms hereof are absolute and unconditional, irrespective of any action or inaction by the
Lender to enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any judgment against any
person or entity or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or termination, or any
breach or alleged breach by the Lender or any other person or entity of any obligation to the Borrower or any violation or alleged
violation of law by the Lender or any other person or entity, and irrespective of any other circumstance which might otherwise
limit such obligation of the Borrower to the Lender in connection with the issuance of such Conversion Shares; provided,
however, that such delivery shall not operate as a waiver by the Borrower of any such action the Borrower may have against
the Lender. In the event the Lender of this Note shall elect to convert any or all of the outstanding principal amount hereof and
accrued but unpaid interest thereon in accordance with the terms of this Note, the Borrower may not refuse conversion based on
any claim that the Lender or anyone associated or affiliated with the Lender has been engaged in any violation of law, agreement
or for any other reason, unless an injunction from a court, on notice to Lender, restraining and or enjoining conversion of all
or part of this Note shall have been sought and obtained, and the Borrower posts a surety bond for the benefit of the Lender in
the amount of 150% of the outstanding principal amount of this Note, which is subject to the injunction, which bond shall remain
in effect until the completion of arbitration/litigation of the underlying dispute and the proceeds of which shall be payable to
such Lender to the extent it obtains judgment. In the absence of such injunction, the Borrower shall issue Conversion Shares upon
a properly noticed conversion. If the Borrower fails for any reason to deliver to the Lender such certificate or certificates representing
Conversion Shares pursuant to timing and delivery requirements of this Note, the Borrower shall pay to such Lender, in cash, as
liquidated damages and not as a penalty, for each $1,000 of principal amount being converted, $1.00 per day for each day after
the date by which such certificates should have been delivered until such certificates are delivered. Nothing herein shall limit
a Lender’s right to pursue actual damages or declare an Event of Default pursuant to the Credit Agreement, this Note or any
agreement securing the indebtedness under this Note for the Borrower’s failure to deliver Conversion Shares within the period
specified herein and such Lender shall have the right to pursue all remedies available to it hereunder, at law or in equity, including,
without limitation, a decree of specific performance and/or injunctive relief. The exercise of any such rights shall not prohibit
the Lender from seeking to enforce damages pursuant to any other Section hereof or under applicable law. Nothing herein shall prevent
the Lender from having the Conversion Shares issued directly by the Borrower’s transfer agent in accordance with the Credit
Agreement, in the event for any reason the Borrower fails to issue or deliver, or cause its transfer agent to issue and deliver,
the Conversion Shares to the Lender upon exercise of Lender’s conversion rights hereunder.

 

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(6)Transfer Taxes.
The issuance of certificates for shares of the Common Stock on conversion of this Note shall be made without charge to the Lender
hereof for any documentary stamp or similar taxes, or any other issuance or transfer fees of any nature or kind that may be payable
in respect of the issue or delivery of such certificates, any such taxes or fees, if payable, to be paid by the Borrower.

 

(d)Make-Whole
Rights. Upon liquidation by the Holder of Conversion Shares issued pursuant to a Conversion Notice, provided that
the Holder realizes a net amount from such liquidation equal to less than the Conversion Amount specified in the relevant Conversion
Notice (such net realized amount, the “Realized Amount”), the Issuing Borrower shall issue to the Holder
additional shares of the Issuing Borrower’s Common Stock equal to: (i) the Conversion Amount specified in the relevant Conversion
Notice; minus (ii) the Realized Amount, as evidenced by a reconciliation statement from the Holder (a “Sale
Reconciliation”) showing the Realized Amount from the sale of the Conversion Shares; divided by (iii) the
average volume weighted average price of the Issuing Borrower’s Common Stock during the five (5) Business Days immediately
prior to the date upon which the Holder delivers notice (the “Make-Whole Notice”) to the Issuing Borrower
that such additional shares are requested by the Holder (the “Make-Whole Stock Price”) (such number of
additional shares to be issued, the “Make-Whole Shares”). Upon receiving the Make-Whole Notice and Sale
Reconciliation evidencing the number of Make-Whole Shares requested, the Issuing Borrower shall instruct its transfer agent to
issue certificates representing the Make-Whole Shares, which Make whole Shares shall be issued and delivered in the same manner
and within the same time frames as set forth in Subsection (c)(2) above. Subsections (c)(3), (c)(4), (c)(5) and (c)(6) above shall
be applicable to the issuance of the Make-Whole Shares. The Make-Whole Shares, when issued, shall be deemed to be validly issued,
fully paid, and non-assessable shares of the Issuing Borrower’s Common Stock. Following the sale of the Make-Whole Shares
by the Holder: (i) in the event that the Holder receives net proceeds from such sale which, when added to the Realized Amount from
the prior relevant Conversion Notice, is less than the Conversion Amount specified in the relevant Conversion Notice, the Holder
shall deliver an additional Make-Whole Notice to the Issuing Borrower following the procedures provided previously in this paragraph,
and such procedures and the delivery of Make-Whole Notices shall continue until the Conversion Amount has been fully satisfied;
(ii) in the event that the Holder received net proceeds from the sale of Make-Whole Shares in excess of the Conversion Amount specified
in the relevant Conversion Notice, such excess amount shall be applied to satisfy any and all amounts owed hereunder in excess
of the Conversion Amount specified in the relevant Conversion Notice.

 

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(e)Adjustments
to Conversion Price.

 

(1)Stock Dividends and Stock
Splits.  If the Borrower, at any time while this Note is outstanding: (i) pays a stock dividend or otherwise makes
a distribution or distributions payable in shares of Common Stock on outstanding shares of Common Stock, (ii) subdivides outstanding
shares of Common Stock into a larger number of shares, (iii) combines (including by way of a reverse stock split) outstanding shares
of Common Stock into a smaller number of shares, or (iv) issues, in the event of a reclassification of shares of Common Stock,
any shares of capital stock of the Borrower, then the Conversion Price shall be multiplied by a fraction, the numerator of which
shall be the number of shares of Common Stock (excluding any treasury shares of the Borrower) outstanding immediately before such
event, and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such event.  Any
adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of stockholders
entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of
a subdivision, combination, or re-classification.

 

(2)Fundamental
Transaction. If, at any time while this Note is outstanding: (i) the Borrower effects any merger or consolidation of the Borrower
with or into another Person, (ii) the Borrower effects any sale of all or substantially all of its assets in one transaction or
a series of related transactions, (iii) any tender offer or exchange offer (whether by the Borrower or another Person) is completed
pursuant to which holders of Common Stock are permitted to tender or exchange their shares for other securities, cash or property,
or (iv) the Borrower effects any reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common
Stock is effectively converted into or exchanged for other securities, cash or property (in any such case, a “Fundamental
Transaction”), then upon any subsequent conversion of this Note, the Lender shall have the right to receive, for
each Conversion Share that would have been issuable upon such conversion immediately prior to the occurrence of such Fundamental
Transaction, the same kind and amount of securities, cash or property as it would have been entitled to receive upon the occurrence
of such Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction, the holder of one (1) share
of Common Stock (the “Alternate Consideration”).  For purposes of any such conversion, the
determination of the Conversion Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount
of Alternate Consideration issuable in respect of one (1) share of Common Stock in such Fundamental Transaction, and the Borrower
shall apportion the Conversion Price among the Alternate Consideration in a reasonable manner reflecting the relative value of
any different components of the Alternate Consideration.  If holders of Common Stock are given any choice as to the securities,
cash or property to be received in a Fundamental Transaction, then the Lender shall be given the same choice as to the Alternate
Consideration it receives upon any conversion of this Note following such Fundamental Transaction.  To the extent necessary
to effectuate the foregoing provisions, any successor to the Borrower or surviving entity in such Fundamental Transaction shall
issue to the Lender a new note consistent with the foregoing provisions and evidencing the Lender’s right to convert such
note into Alternate Consideration. The terms of any agreement pursuant to which a Fundamental Transaction is effected shall include
terms requiring any such successor or surviving entity to comply with the provisions of this Section and insuring that this Note
(or any such replacement security) will be similarly adjusted upon any subsequent transaction analogous to a Fundamental Transaction.

 

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(3)Adjustment to Conversion
Price.  Whenever the Conversion Price is adjusted pursuant to any provision of this Note, the Borrower shall promptly
deliver to Lender a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the
facts requiring such adjustment.

 

(4)Notice to Allow Conversion
by Lender.  If: (A) the Borrower shall declare a dividend (or any other distribution in whatever form) on the Common
Stock, (B) the Borrower shall declare a special nonrecurring cash dividend on or a redemption of the Common Stock, (C) the Borrower
shall authorize the granting to all holders of the Common Stock of rights or warrants to subscribe for or purchase any shares of
capital stock of any class or of any rights, (D) the approval of any stockholders of the Borrower shall be required in connection
with any reclassification of the Common Stock, any consolidation or merger to which the Borrower is a party, any sale or transfer
of all or substantially all of the assets of the Borrower, of any compulsory share exchange whereby the Common Stock is converted
into other securities, cash or property, or (E) the Borrower shall authorize the voluntary or involuntary dissolution, liquidation
or winding up of the affairs of the Borrower, then, in each case, the Borrower shall cause to be filed at each office or agency
maintained for the purpose of conversion of this Note, and shall cause to be delivered to the Lender at its last address as it
shall appear upon the Borrower’s records, at least twenty (20) calendar days prior to the applicable record or effective
date hereinafter specified, a notice stating: (x) the date on which a record is to be taken for the purpose of such dividend, distribution,
redemption, rights or warrants, or if a record is not to be taken, the date as of which the holders of the Common Stock of record
to be entitled to such dividend, distributions, redemption, rights or warrants are to be determined, or (y) the date on which such
reclassification, consolidation, merger, sale, transfer or share exchange is expected to become effective or close, and the date
as of which it is expected that holders of the Common Stock of record shall be entitled to exchange their shares of the Common
Stock for securities, cash or other property deliverable upon such reclassification, consolidation, merger, sale, transfer or share
exchange, provided that the failure to deliver such notice or any defect therein or in the delivery thereof shall not affect the
validity of the corporate action required to be specified in such notice.  The Lender is entitled to convert this Note
during the 10-day period commencing on the date of such notice through the effective date of the event triggering such notice.

 

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IN WITNESS WHEREOF,
the Borrower has executed this Note as of the date set forth above.

 

BORROWER:

 

SOCIAL REALITY, INC.,

a Delaware corporation

 

By:      /s/ Chris Miglino

Name:Chris Miglino

Title:  Chief Executive Officer

 

 

 

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Exhibit
“A”

 

NOTICE OF CONVERSION

 

The undersigned hereby
elects to convert principal and/or interest under the Revolving Note (the “Note”) of Social Reality,
Inc., a corporation incorporated under the laws of the State of Delaware (the “Company”), into shares
of Class A common stock, par value $0.001 per share (the “Common Shares”), of the Company in accordance
with the conditions of the Note, as of the date written below.  

 

Based solely on information
provided by the Company to Holder, the undersigned represents and warrants to the Company that its ownership of the Common Shares
does not exceed the Beneficial Ownership Limitation determined in accordance with Section 13(d) of the Exchange Act of 1934, as
amended, as specified under the Note.

 

	Conversion calculations	 	 
	Effective Date of Conversion:  	 	_______________________
	Principal Amount and/or Interest to be Converted:  	 	_______________________
	Number of Common Shares to be Issued:  	 	_______________________

 

 

	 	[HOLDER]
	 	 	 
	 	By:  	_____________________________
	 	 	 
	 	Name:	_____________________________
	 	 	 
	 	Title:	_____________________________
	 	 	 
	 	Address:	_____________________________
	 	 	 
	 		_____________________________
	 	 	 
	 		_____________________________

 

 

 

    	10EXHIBIT 10.10

 

FIRST AMENDMENT TO CREDIT AGREEMENT

 

This FIRST AMENDMENT
TO CREDIT AGREEMENT (the “Amendment”) is dated effective as of the 11th day of June, 2013,
by and between SOCIAL REALITY, INC., a Delaware corporation (“Borrower”) and TCA GLOBAL CREDIT
MASTER FUND, LP, a Cayman Islands limited partnership (the “Lender”).

 

RECITALS

 

WHEREAS, the Borrower
and the Lender executed that certain Credit Agreement dated as of December 31, 2012, but made effective as of February 22, 2013
(the “Credit Agreement”); and

 

WHEREAS, pursuant to
the Credit Agreement, the Borrower executed and delivered to Lender that certain Revolving Note dated as of December 31, 2012,
but made effective as of February 22, 2013, evidencing a Revolving Loan under the Credit Agreement in the amount of Three Hundred
Thousand Dollars ($300,000) (the “First Revolving Note”); and

 

WHEREAS, in connection
with the Credit Agreement and the First Revolving Note, the Borrower executed and delivered to the Lender various ancillary documents
referred to in the Credit Agreement as the “Loan Documents”; and

 

WHEREAS, the Borrower’s
obligations under the Credit Agreement and the First Revolving Note are secured by the following, all of which are included within
the Loan Documents: (i) a Security Agreement dated as of December 31, 2012, but made effective as of February 22, 2013, from the
Borrower in favor of the Lender (the “Security Agreement”), pursuant to which the Lender has an unconditional,
continuing, perfected, first-priority security interest encumbering all of the “Collateral” (as such term is defined
in the Security Agreement) of the Borrower; (ii) UCC-1 Financing Statement naming the Borrower, as debtor, and Lender, as secured
party, filed with the Secretary of State of the State of Delaware under filing No. 2013 0768748 (the “UCC-1”);
and (iii) a Validity Guaranty executed by Christopher Miglino in favor of Lender (the “Validity Guaranty”);
and

 

WHEREAS, the Credit
Agreement contemplated that the Revolving Loan Commitment under the Credit Agreement could be increased, and in connection therewith,
Lender could make additional Revolving Loans to Borrower to be evidenced by a new or replacement Revolving Note, all as more specifically
set forth in the Credit Agreement; and

 

WHEREAS, the Borrower
desires and has requested an increase to the Revolving Loan Commitment to Five Hundred Fifty Thousand Dollars ($550,000), and Lender
is amenable to such increase, and in connection therewith, Borrower desires, and Lender is amenable to making, an additional Revolving
Loan to Borrower in the amount of Two Hundred Fifty Thousand Dollars ($250,000), which additional Revolving Loan, together with
the Revolving Loan evidenced by the First Revolving Note, shall be evidenced by a newly issued replacement Revolving Note in the
form attached hereto as Exhibit “A” (the “Replacement Revolving Note”), all
as more specifically set forth in this Amendment;

 

NOW, THEREFORE, in
consideration of the premises and the mutual covenants of the parties hereinafter expressed and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto, each intending to be legally bound, agree as follows:

 

    	 

    	 

    

 

1.      Recitals. The recitations set forth in the preamble of this Amendment are true and correct and incorporated herein
by this reference.

 

2.      Capitalized Terms. All capitalized terms used in this Amendment shall have the same meaning ascribed to them in the
Credit Agreement, except as otherwise specifically set forth herein. In addition, the other definitional and interpretation provisions
of Sections 1.2, 1.3 and 1.4 of the Credit Agreement shall be deemed to apply to all terms and provisions of this Amendment, unless
the express context otherwise requires.

 

3.      Conflicts. In the event of any conflict or ambiguity by and between the terms and provisions of this Amendment and
the terms and provisions of the Credit Agreement, the terms and provisions of this Amendment shall control, but only to the extent
of any such conflict or ambiguity.

 

4.      Increase of Revolving Loan Commitment; Replacement Revolving Note. Subject to the terms and conditions of this Amendment,
the maximum amount available to be borrowed under the Credit Agreement, and the Revolving Loan Commitment, are hereby increased
to an aggregate total of Five Hundred Fifty Thousand Dollars ($550,000). In connection with such increase, the Borrower has requested
an additional Revolving Loan in the amount of Two Hundred Fifty Thousand Dollars ($250,000), which Lender hereby agrees to make
subject to the terms and conditions of this Amendment. In that regard, simultaneously with the execution of this Amendment, the
Borrower shall execute and deliver the Replacement Revolving Note in favor of the Lender.

 

Representations
and Warranties. The Borrower hereby confirms and affirms that all representations and warranties made by the Borrower under
the Credit Agreement and all other Loan Documents (specifically including under Section 7 of the Credit Agreement) are true, correct
and complete as of the date of the Credit Agreement, and hereby confirms and affirms that all such representations and warranties
remain true, correct and complete as of the date of this Amendment, and by this reference, the Borrower does hereby re-make each
and every one of such representations and warranties herein as of the date of this Amendment, as if each and every one of such
representations and warranties was set forth and re-made in its entirety in this Amendment by the Borrower, as same may be qualified
by revised disclosure schedules attached to this Amendment, if any (if no revised disclosures are attached to this Amendment, then
no such revised disclosure schedules shall be deemed to exist or to qualify any of the representations and warranties hereby re-made).

 

Affirmation.
The Borrower hereby affirms all of its Obligations to the Lender under all of the Loan Documents and
agrees and affirms as follows: (i) that as of the date hereof, the Borrower has performed, satisfied and complied in all
material respects with all the covenants, agreements and conditions under each of the Loan Documents to be performed, satisfied
or complied with by the Borrower; (ii) that the Borrower shall continue to perform each and every covenant,
agreement and condition set forth in each of the Loan Documents and this Amendment, and continue to be bound by each and all of
the terms and provisions thereof and hereof; (iii) that as of the date hereof, no default or Event of Default has occurred
or is continuing under the Credit Agreement or any other Loan Documents, and no event has occurred that, with the passage of time,
the giving of notice, or both, would constitute a default or an Event of Default under the Credit Agreement or any other Loan Documents;
and (iv) that as of the date hereof, no event, fact, or other set of circumstances has occurred which could reasonably be expected
to have, cause, or result in a Material Adverse Effect.

 

    	2

    	 

    

 

Ratification.
The Borrower hereby acknowledges, represents, warrants and confirms to Lender that: (i) each of the Loan Documents executed by
the Borrower are valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective
terms; (ii) the Replacement Revolving Note, and all other Obligations of the Borrower under the Replacement Revolving Note, the
Credit Agreement, all other Loan Documents and this Amendment, shall be and continue to be and remain secured by and under the
Loan Documents, including the Security Agreement, the UCC-1 and the Validity Guaranty; (iii) there are no defenses, setoffs, counterclaims,
cross-actions or equities in favor of the Borrower, to or against the enforcement of any of the Loan Documents, and to the extent
the Borrower has any defenses, setoffs, counterclaims, cross-actions or equities against Lender and/or against the enforceability
of any of the Loan Documents, the Borrower acknowledges and agrees that same are hereby fully and unconditionally waived by the
Borrower; and (iv) no oral representations, statements, or inducements have been made by Lender, or any agent or representative
of Lender, with respect to the Credit Agreement, this Amendment or any other Loan Documents.

 

5.    Additional
Confirmations. The Borrower hereby represents, warrants and covenants as follows: (i) that the Lender’s Liens and security
interests in all of the “Collateral” (as such term is defined in the Security Agreement) are and remain valid, perfected,
first-priority security interests in such Collateral, and the Borrower has not granted any other Liens or security interests of
any nature or kind in favor of any other Person affecting any of such Collateral.

 

Lender’s
Conduct. As of the date of this Amendment, the Borrower hereby acknowledges and admits that: (i) the Lender has acted in good
faith and has fulfilled and fully performed all of its obligations under or in connection with the Credit Agreement or any other
Loan Documents; and (ii) that there are no other promises, obligations, understandings or agreements with respect to the Credit
Agreement or the Loan Documents, except as expressly set forth herein, or in the Credit Agreement and other Loan Documents.

 

Advisory Fee.

 

Share Issuance.
In consideration of advisory services provided by Lender to Borrower prior to the date of this Amendment, the Borrower shall pay
to Lender a fee equal to $75,000.00 (the “Advisory Fee”). The Advisory Fee shall be initially paid by
the issuance to Lender of restricted shares of the Borrower’s Common Stock (the “Advisory Fee Shares”)
in accordance with the terms and provisions of this Section. For purposes of determining the number of shares issuable to Lender
under this Section 10(a), the Borrower’s Common Stock shall be valued at the average of the volume weighted average price
for the Common Stock for the five (5) Business Days immediately prior to the date the Borrowers execute this Amendment (the “Valuation
Date”), as reported by Bloomberg or such other reporting service acceptable to Lender (the “VWAP”).
The Lender shall confirm to the Borrower in writing, the VWAP for the Common Stock as of the Valuation Date, and the Borrower shall
issue to Lender, simultaneously with the execution of this Amendment by the Borrower (the “Amendment Date”),
a number of Advisory Fee Shares equal to the Advisory Fee, based on such VWAP as of the Valuation Date. On the Amendment Date,
the Borrower shall instruct its transfer agent (the “Transfer Agent”) to issue certificates representing
the Advisory Fee Shares issuable to the Lender hereunder, and shall cause its Transfer Agent to deliver such certificates to Lender
within five (5) Business Days from the Amendment Date. In the event such certificates representing the Advisory Fee Shares issuable
hereunder shall not be delivered to the Lender within said five (5) Business Day period, same shall be an immediate default under
the Credit Agreement and the other Loan Documents. The Advisory Fee Shares, when issued, shall be deemed to be validly issued,
fully paid, and non-assessable shares of the Borrower’s Common Stock. The Advisory Fee Shares shall be deemed fully earned
as of the Amendment Date, regardless of the amount or number of Revolving Loans made hereunder. 

 

    	3

    	 

    

 

Adjustments.
It is the intention of the Borrower and Lender that the Lender shall be able to sell the Advisory Fee Shares and generate net proceeds
(net of all brokerage commissions and other fees or charges payable by Lender in connection with the sale thereof) from such sale
equal to the Advisory Fee. In this regard, the Lender shall have the right to sell the Advisory Fee Shares in the Principal Trading
Market, or otherwise, at any time in accordance with applicable securities laws. Upon: (A) the sale of all Advisory Fee Shares;
(B) Lender receiving net proceeds from the sale of the Advisory Fee Shares equal to the Advisory Fee; or (C) at any time Lender
may elect, the Lender shall deliver to the Borrower a reconciliation statement showing the net proceeds actually received by the
Lender from the sale of the Advisory Fee Shares (the “Sale Reconciliation”). If, as of the date of the
delivery by Lender of the Sale Reconciliation, the Lender has not realized and received net proceeds from the sale of the Advisory
Fee Shares equal to at least the Advisory Fee, as shown on the Sale Reconciliation, then the Borrower shall immediately take all
required action necessary or required in order to cause the issuance of additional shares of Common Stock to the Lender in an amount
sufficient such that, when sold and the net proceeds thereof are added to the net proceeds from the sale of any of the previously
issued and sold Advisory Fee Shares, the Lender shall have received total net funds equal to the Advisory Fee. If additional shares
of Common Stock are issued pursuant to the immediately preceding sentence, and after the sale of such additional issued shares
of Common Stock, the Lender still has not received net proceeds equal to at least the Advisory Fee, then the Borrower shall again
be required to immediately take all required action necessary or required in order to cause the issuance of additional shares of
Common Stock to the Lender as contemplated above, and such additional issuances shall continue until the Lender has received net
proceeds from the sale of such Common Stock equal to the Advisory Fee. In the event the Lender receives net proceeds from the sale
of Advisory Fee Shares equal to the Advisory Fee before Lender has sold all Advisory Fee Shares issued to Lender hereunder, then
the Lender shall return all such remaining Advisory Fee Shares to the Borrower. In the event additional Common Stock is required
to be issued as outlined above, the Borrower shall instruct its Transfer Agent to issue certificates representing such additional
shares of Common Stock to the Lender immediately subsequent to the Lender’s notification to the Borrower that additional
shares of Common Stock are issuable hereunder, and the Borrower shall in any event cause its Transfer Agent to deliver such certificates
to Lender within five (5) Business Days following the date Lender notifies the Borrower that additional shares of Common Stock
are to be issued hereunder. In the event such certificates representing such additional shares of Common Stock issuable hereunder
shall not be delivered to the Lender within said five (5) Business Day period, same shall be an immediate default under the Credit
Agreement and the Loan Documents. Notwithstanding anything contained in this Section 10(b) to the contrary, at any time on or prior
to the Revolving Loan Maturity Date, the Borrower shall have the right, at any time during such period, to redeem any Advisory
Fee Shares then in the Lender’s possession for an amount payable by the Borrower to Lender in Dollars equal to the Advisory
Fee, less any net proceeds received by the Lender from any previous sales of Advisory Fee Shares and less any sums previously received
by Lender in redemption of any such Advisory Fee Shares. Upon Lender’s receipt of such cash payment in accordance with the
immediately preceding sentence, the Lender shall return any then remaining Advisory Fee Shares in its possession back to the Borrower.

 

Surviving Obligations.
The Borrower agrees and acknowledges that notwithstanding the termination of the Credit Agreement, or the payment in full of all
of the Borrower’s Obligations under the Credit Agreement or under any other Loan Documents, the Borrower’s obligations
and liability under this Amendment and the other Loan Documents, and the Lender’s Lien and security interest on all Collateral,
shall survive, shall remain valid and effective and shall not be released or terminated, until the Borrower has fully complied
with all of its obligations with respect to payment of the Advisory Fee, and Lender has generated and received net proceeds from
the sale of the Advisory Fee Shares (or otherwise received equivalent payment thereof in Dollars as permitted or required hereunder)
equal to the Advisory Fee.

 

Applicability
of Credit Agreement. Sections 2.2(h)(iii), 2.2(h)(iv), and 2.2(i) of the Credit Agreement shall be applicable with respect
to the Advisory Fee Shares to the same extent as such provisions are applicable to the Facility Fee Shares.

 

    	4

    	 

    

 

Redefined Terms.
The term “Loan Documents,” as defined in the Credit Agreement and as used in this Amendment, shall be deemed to refer
to and include the Replacement Revolving Note, this Amendment and all other documents or instruments executed in connection with
this Amendment and the execution and delivery of the Replacement Revolving Note. The term “SEC Documents,” as defined
in the Credit Agreement, shall be deemed to refer to and include all filings made by the Borrower with or under the Exchange Act,
the Principal Trading Market or any other law applicable to the Borrower between the date of the Credit Agreement and the date
of this Amendment.

Representations
and Warranties of the Borrower. The Borrower hereby makes the following representations and warranties to the Lender:

 

Authority and
Approval of Agreement; Binding Effect. The execution and delivery by the Borrower of this Amendment, the Replacement Revolving
Note, and all other documents executed and delivered in connection herewith and therewith, and the performance by Borrower of all
of its Obligations hereunder and thereunder, have been duly and validly authorized and approved by the Borrower and its board of
directors pursuant to all applicable laws and other than the corporate action or resolutions delivered by the Borrower in connection
with this Amendment, no other corporate action or consent on the part of the Borrower, its board of directors, stockholders or
any other Person is necessary or required by the Borrower to execute this Amendment, the Replacement Revolving Note, and the documents
executed and delivered in connection herewith and therewith, to consummate the transactions contemplated herein and therein, or
perform all of the Borrower’s Obligations hereunder and thereunder. This Amendment, the Replacement Revolving Note and each
of the documents executed and delivered in connection herewith and therewith have been duly and validly executed by the Borrower
(and the officer executing this Amendment and all such other documents for Borrower is duly authorized to act and execute same
on behalf of the Borrower) and constitute the valid and legally binding agreements of the Borrower, enforceable against the Borrower
in accordance with their respective terms, except as such enforceability may be limited by general principles of equity or applicable
bankruptcy, insolvency, reorganization, moratorium, liquidation and other similar laws relating to, or affecting generally, the
enforcement of applicable creditors’ rights and remedies.

 

Indemnification.
The Borrower hereby indemnifies and holds the Lender Indemnitees, and each of them, harmless from and against any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, Proceedings, suits, claims, costs, expenses and distributions of any
kind or nature payable by any of the Lender Indemnitees to any Person, including reasonable attorneys’ and paralegals’
fees and expenses, court costs, settlement amounts, costs of investigation and interest thereon from the time such amounts are
due at the highest non-usurious rate of interest permitted by applicable law, through all negotiations, mediations, arbitrations,
trial and appellate levels, as a result of, or arising out of, or relating to any matters relating to this Amendment or the Replacement
Revolving Note, including the assertion of a claim or ruling by a Governmental Authority that documentary stamp tax, intangible
tax or any penalties or interest associated therewith must be paid by reason of the execution and delivery of any of the Replacement
Revolving Note or the other Loan Documents. The foregoing indemnification obligations shall survive the termination of the Credit
Agreement or any of the Loan Documents and repayment of the Obligations.

 

Release.
As a material inducement for Lender to increase the Revolving Loan Commitment and enter into this Amendment, the Borrower does
hereby release, waive, discharge, covenant not to sue, acquit, satisfy and forever discharges each of the Lender Indemnitees and
their respective successors and assigns, from any and all liabilities, obligations, losses, damages, penalties, actions, judgments,
Proceedings, suits, claims, costs, expenses and distributions of any kind or nature whatsoever in law or in equity which Borrower
ever had, now has, or which any successor or assign of Borrower hereafter can, shall or may have against any of the Lender Indemnitees,
for, upon or by reason of any matter, cause or thing whatsoever related to the Credit Agreement, this Amendment or any other Loan
Documents, through the date hereof. The Borrower further expressly agrees that the foregoing release and waiver agreement is intended
to be as broad and inclusive as permitted by the laws governing the Credit Agreement. In addition to, and without limiting the
generality of foregoing, the Borrower further covenants with and warrants unto the Lender and each of the other Lender Indemnitees,
that as of the date hereof, there exists no claims, counterclaims, defenses, objections, offsets or other claims against Lender
or any other Lender Indemnitee, or the obligation of the Borrower to comply with the terms and provisions of the Credit Agreement,
this Amendment and all other Loan Documents. The foregoing release shall survive the termination of the Credit Agreement or any
of the Loan Documents and repayment of the Obligations.

 

    	5

    	 

    

 

Effect on Agreement
and Loan Documents. Except as expressly amended by this Amendment, all of the terms and provisions of the Credit Agreement
and the Loan Documents shall remain and continue in full force and effect after the execution of this Amendment, are hereby ratified
and confirmed, and incorporated herein by this reference.

 

Waiver.
Neither this Amendment, nor shall Lender’s agreement to increase the Revolving Loan Commitment and make the additional Revolving
Loan pursuant to the Replacement Revolving Note, be deemed or construed in any manner as a waiver by the Lender of any claims,
Proceedings, defaults, Events of Default, breaches or misrepresentations by the Borrower under the Credit Agreement, any other
Loan Documents, or any of Lender’s rights or remedies in connection therewith.

 

Execution.
This Amendment may be executed in one or more counterparts, all of which taken together shall be deemed and considered one and
the same Amendment, and same shall become effective when counterparts have been signed by each party and each party has delivered
its signed counterpart to the other party. In the event that any signature is delivered by facsimile transmission or by e-mail
delivery of a “.pdf” format file or other similar format file, such signature shall be deemed an original for all purposes
and shall create a valid and binding obligation of the party executing same with the same force and effect as if such facsimile
or “.pdf” signature page was an original thereof.

 

Fees and Expenses.

 

(a)     Document Review and Legal Fees; Due Diligence. The Borrower agrees to pay to the Lender or its counsel a legal fee
equal to Seven Thousand Five Hundred and No/100 Dollars ($7,500.00) for the preparation, negotiation and execution of this Amendment
and all other documents in connection herewith, together with costs of $550.00 associated with this transaction, as well as to
pay Lender a due diligence fee in the amount of Two Thousand Five Hundred and No/100 Dollars ($2,500.00) all of which shall be
due and payable by the Borrower upon execution of this Amendment and withheld from the proceeds of the Revolving Loan made hereby.

 

(b)     Transaction Fees. The Borrower agrees to pay to Lender a transaction advisory fee equal to two percent (2%) of the
amount of the additional Revolving Loan made hereby, which fee shall be due and payable by the Borrower upon execution of this
Amendment and withheld from the proceeds of the Revolving Loan made hereby.

 

(c)     Asset Monitoring Fee. In accordance with Section 2.2(b) of the Credit Agreement, the Asset Monitoring Fee is hereby
increased to Two Thousand Dollars ($2,000) per calendar quarter, effective as of the date of this Amendment.

 

 

[Signatures on the following page]

 

 

    	6

    	 

    

 

 

IN WITNESS WHEREOF,
the parties hereto have duly executed this Amendment as of the day and year first above written.

 

BORROWER:

 

SOCIAL REALITY, INC.,

a Delaware corporation

 

		By:	/s/ Chris Miglino

		Name:	Chris Miglino

		Title:	Chief Executive Officer

 

 

LENDER:

 

TCA GLOBAL CREDIT MASTER FUND, LP

 

		By:	TCA Global Credit Fund GP, Ltd.

		Its:	General Partner

 

		By:	/s/ Robert Press

Robert
Press, Director

 

    	7

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