Live Ventures cuts acquisition note to $15M from $34M; Kellogg goes part-time

LIVE VENTURES Inc

Aggregate principal of the Note reduced by $19M to $15M, treated as purchase price adjustment.
If Event of Default occurs, SJK Trust can revoke reduction, adding $19M back with interest from Jan 1, 2025.
Stephen Kellogg's title changed to Founder/VP; employment part-time at $300k/year; resigned from other offices.
Kellogg may earn $5M performance bonus if Buyer achieves ≥$10M adjusted EBITDA in any 3 fiscal years from FY2025-2030.
Employment agreement term ends Feb 25, 2028, extendable by Kellogg up to 2 yrs if Note not paid in full.

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