Bruce A. Cassidy Sr. - Apr 1, 2021 Form 4/A - Amendment Insider Report for Loop Media, Inc. (LPTV)

Role: Director, 10%+ Owner
Signature: /s/ Joanne Lytle, Attorney-in Fact
Stock symbol: LPTV
Transactions as of: Apr 1, 2021
Transactions value $: $800,000
Form type: 4/A - Amendment
Date filed: 2/28/2022, 08:43 PM
Date Of Original Report: Oct 15, 2021
Previous filing: Oct 15, 2021
Next filing: Feb 28, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LPTV	4% Convertible Note	Purchase	$800K				$800K	Apr 1, 2021	Common Stock			By Excel Family Partners LLLP	F1, F3
transaction	LPTV	Warrant	Purchase		+72.7K			72.7K	Apr 1, 2021	Common Stock	72.7K	$2.75	By Excel Family Partners LLLP	F1, F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reporting Person disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2	Warrants were issued in connection with a convertible promissory note. The warrants are exercisable at any time at the option of the Reporting Person and expire on the earlier to occur of December 1, 2022 or immediately prior to closing of IPO or upon a change of control.
F3	Notes may be converted (1) on the Maturity Date based on the average of the VWAP of common stock during each trading day during the thirty (30) trading day period ending one trading day prior to the maturity date; (2) immediately upon a change of control based on the average of the VWAP of common stock during each trading day during the ten (10) trading day period ending one trading day prior to the change of control effective date; and (3) mandatorily at the closing of a qualified IPO at (i) the public offering price per share of the common stock multiplied by (ii) one (1) minus twenty percent (20%).
F4	The original Form 4 filed by the Reporting Person on October 15, 2021 (the "Original Form 4") erroneously reported that the Reporting Person holds two convertible notes, both issued on April 1, 2021, and each in the principal amount of $800,000. The Reporting Person only holds one such convertible note which is reported herein in Table II.