Item 1.01. Entry into a Material Definitive Agreement.
On December 15, 2020, fuboTV Inc. (the "Company") entered into a Redemption
Agreement (the "Redemption Agreement") by and between the Company and FBNK
Finance S.a.r.l. ("FBNK Finance"), pursuant to which, the Company redeemed from
FBNK Finance 800,000 shares of the Company's common stock at a redemption price
of $0.0001 per share, for a total consideration of $80.00 and the waiver of the
Company's rights under the Call Option Agreement pursuant to which the Company
had a right to acquire a minority stake in Facebank AG. The parties agreed,
following the closing, to reasonably cooperate to have the parties to the Call
Option Agreement execute and deliver an agreement terminating the Call Option
Agreement.
Further details on the Call Option Agreement have been previously disclosed in
the Current Report on Form 8-K filed on July 14, 2020 with the Securities and
Exchange Commission by the Company.
The foregoing description of the Redemption Agreement does not purport to be
complete and is qualified in its entirety by reference to the full text of the
Redemption Agreement, a copy of which is filed herewith as Exhibit 10.1 and is
incorporated by reference into this Item 1.01.
(d) Exhibits.
Exhibit No. Description
10.1 Redemption Agreement dated December 15, 2020 by and among fuboTV
Inc. and FBNK Finance S.a.r.l.
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