Loop Media, Inc.: Nasdaq/NYSE listing notice — Loop Media receives NYSE American deficiency notice; stockholders' deficit of $3.7M

a “ Lender ” and collectively, the “ Lenders ”) and RAT Investment Holdings, LP, as administrator of the loan (the “ Loan Administrator ”) for aggregate loans of up to $2.2 million (the “ Line of Credit ”), evidenced by a Non-Revolving Line of Credit Promissory Note, as amended as described below (the “ Note ”), also effective as of May 13, 2022. The Line

losses from continuing operations and/or net losses in its five most recent fiscal years. The Deficiency Letter noted that the Company reported stockholders’ deficit of $(3.7) million as of December 31, 2023, and losses from continuing operations and/or net losses in its five most recent fiscal years ended September 30, 2023. The Deficiency Letter

effective as of May 13, 2022, Loop Media, Inc. (the “ Company ”) entered into a Non-Revolving Line of Credit Loan Agreement (the “ Loan Agreement ”) with several institutions and individuals (each individually a “ Lender ” and collectively, the “ Lenders ”) and RAT Investment Holdings, LP, as administrator of the loan (the “ Loan Administrator ”) for aggregate loans of up to $2.2 million (the “ Line of Credit ”)

On April 18, 2024, the Company entered into a Non-Revolving Line of Credit Loan Agreement Amendment #2 (the “ Loan Agreement Amendment #2 ”) with the Lenders to: (i) extend the Original Line of Credit Maturity Date from eighteen (18) months to thirty-two (32) months from the date of the Loan Agreement, or January 13, 2025 (the “ Second Extended Line of Credit Maturity Date ”); and (ii) amend the payment terms of the Line of Credit such that payments of interest and principal under the Loan Agreement and the Note will be due and payable from April 13, 2024, to the Second Extended Line of Credit Maturity Date, as follows: (a) one payment of $121,000, comprised of accrued interest of $11,000 through April 13, 2024, and an initial payment of principal of $110,000, due on April 13, 2024; and (b) nine (9) monthly payments of principal of $110,000, plus accrued interest, commencing May 13, 2024.