MOBILESMITH, INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet…

Item 1.01 Entry into a Material Definitive Agreement.

On May 31, 2022, MobileSmith, Inc., a Delaware corporation (the "Company"),entered into a Fourth Amendment to Loan and Security Agreement (the "FourthAmendment") with Comerica Bank ("Comerica").

As background, the Company and Comerica are parties to a Loan and SecurityAgreement dated June 9, 2014, as amended (the "Loan Agreement"), wherebyComerica agreed to loan the Company up to $5,000,000. Currently, there is$5,000,000 in principal outstanding under the Loan Agreement and the previouslyextended maturity date of the Loan Agreement was June 9, 2022.

The Fourth Amendment to the Loan Agreement extends the previously extendedmaturity date of the Loan Agreement from June 9, 2022 to June 9, 2024.

Except for extending the maturity date as described above, the Fourth Amendmentdoes not amend any other term of the Loan Agreement in any material respect.

The foregoing description of the Fourth Amendment does not purport to becomplete and is qualified in its entirety by reference to the full text of theFourth Amendment, a copy of which is attached hereto as Exhibit 10.1 and isincorporated herein by reference.

The original Loan Agreement is filed as Exhibit 10.1 to the Company's QuarterlyReport on Form 10-Q for the period ended June 30, 2014 filed with the Securitiesand Exchange Commission on August 13, 2014, a copy of which is attached heretoas Exhibit 10.2 and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under anOff-Balance Sheet Arrangement of a Registrant.

All information set forth in Item 1.01 of this Current Report on Form 8-K ishereby incorporated herein by referenced.

Item 9.01 Financial Statements and Exhibits.

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MOBILESMITH, INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet...