Item 3.02 Unregistered Sale of Equity Securities
On November 5, 2021, Bright Mountain Media, Inc. (the "Company") and its
subsidiaries CL Media Holdings LLC, Bright Mountain Media, Inc., Bright Mountain
LLC, MediaHouse, Inc. entered into a Sixth Amendment to Amended and Restated
Senior Secured Credit Agreement (the "Agreement"). The Company and its
subsidiaries are parties to a credit agreement between itself and Centre Lane
Partners Master Credit Fund II, L.P. as Administrative Agent and Collateral
Agent dated June 5, 2020, as amended (the "Credit Agreement"). The Credit
Agreement was amended to provide for an additional loan amount of $800,000. This
term loan shall be repaid on February 15, 2022.
In addition, the Company, shall be obligated to issue an additional 7,500,000
shares of its common stock to Centre Lane Partners Master Credit Fund II, L.P.
(or a designated affiliate).
The terms and conditions of this Agreement are qualified by its entirety by
reference to the Amendment, a copy of which is attached to this Report as
Exhibit 10.1 which is incorporated herein by reference.
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Item 9.01 Financial Statements and Exhibits
No. Exhibit Description
10.1 Sixth Amendment to an Amended and Restated Senior Secured Credit
Agreement dated November 5, 2021.
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