LiveOne issues 70,000 shares to Music Story SAS to settle fees, prepay license fees; extends term to Feb 2028

LiveOne, Inc.

Issued 70,000 shares at $7.50/share to Music Story SAS for outstanding fees ($186,266) and prepayment of future license fees; total value $525,000.
License term extended from Feb 24, 2022 to Feb 24, 2028 under the Metadata license agreement.
Music Story must generate at least $27,000 net sales proceeds per month from share sales; LiveOne must pay cash shortfall if not met.
LiveOne has right of first refusal to repurchase unsold shares at VWAP; shares issued under effective S-3 shelf.
No cash proceeds to LiveOne from the share issuance; shares used to settle outstanding and prepay license fees.

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