Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bright Mountain Media, Inc. entered into APA with Big Village Insights, Inc., Big Village Agency LLC, Big Village Group Inc., Deep Focus, Inc., EMX Digital Inc., Balihoo, Inc., and Big Village Media LLC valued at $19,874,000 plus the Assumed Liabilities (effective 2023-04-10).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Big Village Insights, Inc., Big Village Agency LLC, Big Village Group Inc., Deep Focus, Inc., EMX Digital Inc., Balihoo, Inc., and Big Village Media LLC
- Value
- $19,874,000 plus the Assumed Liabilities
- Effective
- 2023-04-10
Exact text from the filing
to the Company in accordance with the APA, as modified at the Auction (the “Sale Order”). The APA was executed on April 10, 2023 and upon the Sale Order became a binding agreement among the parties.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Bright Mountain Media, Inc. entered into Commitment Letter with Centre Lane Solutions Partners, LP valued at up to $26,316,000 (effective 2023-04-04).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Centre Lane Solutions Partners, LP
- Value
- up to $26,316,000
- Effective
- 2023-04-04
Exact text from the filing
On April 4, 2023, the Company entered into a commitment letter (the “Commitment Letter”) with Centre Lane Solutions Partners, LP (together with any designated affiliates thereof, the “CLP Lenders”). The Commitment Letter provides that, subject to the conditions set forth therein, the CLP Lenders commit to provide financing in the form of a senior secured credit facility with a super priority first lien term loan in an aggregate principal amount of up to $26,316,000
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