Spark Networks SE announced as previously disclosed, on March 11, 2022, the company entered into a Financing Agreement (the Financing Agreement) with Zoosk Inc. (Zoosk) and Spark Networks Inc., the subsidiary guarantors party thereto, the lenders party thereto, and MGG Investment Group LP (MGG), as administrative agent and collateral agent, providing for senior secured term loans in the aggregate principal amount of $100 million. On August 5, 2022, THE Company entered into Amendment No.1 to Financing Agreement, which revised certain financial covenants related to the testing of the company?s quarterly leverage ratio and the Company?s minimum market spend. On March 29, 2023, the company entered into Amendment No.

2 to Financing Agreement and Forbearance Agreement (the Forbearance Agreement) which granted forbearance until May 15, 2023 with respect to the company?s receipt of a going concern opinion on the condition that the company retain a financial advisor, and amended the definition of Adjusted EBITDA in the Financing Agreement. On May 15, 2023, the company entered into Amendment No. 1 to Forbearance Agreement which extended the forbearance termination date to May 25, 2023 and added to the forbearance the Company?s failure to deliver to the collateral agent a control agreement.

On May 25, 2023, the company entered into Amendment No. 2 to Forbearance Agreement (the Second Amendment) which extended the forbearance period termination date to June 15, 2023 and removed from the forbearance the Company?s failure to deliver to the collateral agent a control agreement (as moot). No other changes were made to the Financing Agreement.

On June 15, 2023, the Company entered into Amendment No. 3 to Forbearance Agreement (the Third Amendment) which extended the forbearance period termination date to July 14, 2023, conditioned on (i) by June 19, 2023, the delivery to MGG of an engagement letter appointing Adrian Frankum of Ankura Consulting Group, LLC (?Ankura?) as special project officer, (ii) by June 30, 2023, the Company causing its financial advisor to deliver to MGG a bottoms-up, step-by-step operational performance improvement plan with a fully integrated financial model, including restructuring options and future capital and liquidity requirements of the Company (the Transition Plan), (iii) by July 7, 2023, approval by the Company?s board of directors of the Transition Plan, and (iv) by July 7, 2023, the Company engaging an auditor to provide an IDW-S6 opinion. On July 14, 2023, the Company entered into Amendment No.

4 to Forbearance Agreement (the Fourth Amendment) which extended the forbearance period termination date to July 21, 2023. On July 21, 2023, the Company entered into Amendment No. 5 to Forbearance Agreement (the Fifth Amendment) which extended the forbearance period termination date to July 28, 2023 and added to the forbearance the Company?s failure to meet minimum marketing spend requirements over a twelve month period.

On July 28, 2023, the company entered into Amendment No. 6 to Forbearance Agreement (the Sixth Amendment) which extended the forbearance period termination date to August 4, 2023. On August 4, 2023, the company entered into Amendment No.

7 to Forbearance Agreement (the Seventh Amendment) which extended the forbearance period termination date to August 11, 2023 and added to the forbearance the Company?s failure to maintain minimum liquidity. On August 11, 2023, the company entered into Amendment No. 8 to Forbearance Agreement (the Eighth Amendment) which extended the forbearance period termination date to September 1, 2023.

On September 1, 2023, the Company entered into Amendment No. 9 to Forbearance Agreement (the Ninth Amendment) which extends the forbearance period termination date to September 8, 2023 and added additional forbearances relating to the minimum liquidity ratio and minimum leverage ratio.