Entry into a Material Definitive



 


Mobiquity Technologies, Inc.
(the “Corporation”) previously obtained $2,300,000 in loan financing from Gene and Katherine Salkind and the Marital
Trust GST Subject U/W/O Leopold Salkind (collectively, the “Salkind Lenders”) and issued to them 15% Senior Secured
Promissory Notes dated September 13, 2019, which were amended and restated in Amended and Restated 15% Senior Secured Promissory
Notes dated December 31, 2019 (the “First Amended and Restated Notes”). Dr. Salkind is currently a director of the
Corporation. The Corporation believed it to be in the best interest of the Corporation and its shareholders to raise additional
capital by borrowing a further $150,000 from the Salkind Lenders. The Salkind Lenders provided the Corporation such addi tional
capital funding in consideration of amending the Conversion Price under the First Amended and Restated Notes from $0.08 (pre-stock
split) to $4.00 (post-stock split).


 


Item 9.01. Financial Statements and Exhibits.


 


Exhibit

Description


 



10.1

Second Amended and Restated
15% Senior Secured Convertible Promissory Notes due September 30, 2029 – Principal Payment: $1,990,000



 



10.2

Second Amended and Restated
15% Senior Secured Convertible Promissory Notes due September 30, 2029 – Principal Payment: $460,000



 


Pursuant to the requirements of the Securities
Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


 




 


 


 


MOBIQUITY TECHNOLOGIES, INC.


 



 


 


 


 


 


 



 


 


 


By:


/s/ Dean L. Julia


 



 


 


 


Name:


 Dean L. Julia


 



 


 


 


Title:


Chief Executive Officer


 



 


 


 


 


 


 



Date:


   April 1, 2021


 


 


 


 



 


   


 


 


 


 



 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




 

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