Bruce Cassidy - Jul 29, 2022 Form 4 Insider Report for Loop Media, Inc. (LPTV)

Role: Director, 10%+ Owner
Signature: /s/ Joanne Lytle, Attorney-in Fact
Stock symbol: LPTV
Transactions as of: Jul 29, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/2/2022, 08:34 PM
Previous filing: Jun 3, 2022
Next filing: Aug 16, 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	Warrant (right to buy)	Award		+575K			575K	Jul 29, 2022	Common Stock	575K	$1.75	By Eagle Investment Group, LLC	F1, F2

* 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 his pecuniary interest therein, if any, 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	The warrant was acquired by Eagle Investment Group, LLC ("Eagle") in connection with a subordination agreement delivered to the Issuer's senior lender by Eagle's affiliate, Excel Family Partners, LLLP ("Excel"). The warrant issued, considering the exercise price thereof, represents consideration equal to twenty-five percent (25%) coverage of the principal amount of the subordinated note issued to the Issuer in favor of Excel. The aggregate principal of such note in favor of Excel is $4,022,986. The warrant is immediately exercisable and expires on July 29, 2025.

Content

Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, 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.

The warrant was acquired by Eagle Investment Group, LLC ("Eagle") in connection with a subordination agreement delivered to the Issuer's senior lender by Eagle's affiliate, Excel Family Partners, LLLP ("Excel"). The warrant issued, considering the exercise price thereof, represents consideration equal to twenty-five percent (25%) coverage of the principal amount of the subordinated note issued to the Issuer in favor of Excel. The aggregate principal of such note in favor of Excel is $4,022,986. The warrant is immediately exercisable and expires on July 29, 2025.