Hollywood Media Corp. Pro Forma Financial Information (Unaudited)Hollywood Media Corp • August 27th, 2008 • Retail-retail stores, nec
On August 21, 2008, Hollywood Media Corp. (“Hollywood Media”) entered into a purchase agreement (the “Purchase Agreement”) with R&S Investments, LLC (“Purchaser”) for the sale of Hollywood Media’s subsidiaries Hollywood.com, Inc. (“Hollywood.com”) and Totally Hollywood TV, LLC (collectively, the “Hollywood.com Business”). Pursuant to the Purchase Agreement, Hollywood Media sold the Hollywood.com Business to Purchaser for a purchase price of $10,000,000, which includes $1 million, which was paid to Hollywood Media at closing, and earn-out payments expected to total $9 million. The following Unaudited Pro Forma Condensed Consolidated Financial Statements have been prepared to illustrate the effect of the sale of the Hollywood.com Business, as a discontinued operation, on the historical financial position and results of operations of the Company.
EXTENSION AND AMENDMENT AGREEMENTExtension and Amendment Agreement • August 27th, 2008 • Hollywood Media Corp • Retail-retail stores, nec
THIS EXTENSION AND AMENDMENT AGREEMENT (the “Agreement”) is entered into as of the 21st day of August, 2008 (the “Effective Date”) by and between Hollywood Media Corp., a Florida corporation (the “Company”) and Laurie S. Silvers (the “Executive”).
TRANSITION SERVICES AGREEMENTTransition Services Agreement • August 27th, 2008 • Hollywood Media Corp • Retail-retail stores, nec • Florida
THIS TRANSITION SERVICES AGREEMENT is entered into as of August 21, 2008 (this “Agreement”), between Hollywood Media Corp., a Florida corporation (the “Service Provider”), Hollywood.com, LLC, a Delaware limited liability company (‘Hollywood.com), Totally Hollywood TV, LLC, a Delaware limited liability company (“Totally Hollywood” and, collectively with Hollywood.com, the “Service Receiver”).
PURCHASE AGREEMENTPurchase Agreement • August 27th, 2008 • Hollywood Media Corp • Retail-retail stores, nec • Florida
This PURCHASE AGREEMENT (this “Agreement”), dated as of August 21, 2008, is by and between R&S Investments, LLC, a Delaware limited liability company (“Purchaser”), and Hollywood Media Corp., a Florida corporation (“Hollywood Media”).
