SECURITY AGREEMENTSecurity Agreement • April 3rd, 2020 • GlassBridge Enterprises, Inc. • Investment advice
THIS SECURITY AGREEMENT (as amended, restated, amended and restated, modified or supplemented and in effect from time to time, this “Agreement”) is entered into as of March 17, 2020, by GlassBridge Athlete, LLC, a Delaware limited liability company, as grantor (“Grantor”), for the benefit of ORIX PTP Holdings, LLC, a Delaware limited liability company, as Lender (as defined in the Note) (together with any successor Lender under the Note, “Secured Party”).
SECURED PROMISSORY NOTE AGREEMENT DATED AS OF MARCH 17, 2020 BY AND AMONG GLASSBRIDGE ATHLETE, LLC, AS BORROWER, ORIX PTP HOLDINGS, LLC, AS LENDER, AND GLASSBRIDGE ENTERPRISES, INC., FOR THE LIMITED PURPOSES OF SECTIONS 4 AND 5 HEREOF SECURED...Secured Promissory Note Agreement • April 3rd, 2020 • GlassBridge Enterprises, Inc. • Investment advice • New York
FOR VALUE RECEIVED, GlassBridge Athlete, LLC, a Delaware limited liability company (the “Borrower”), hereby unconditionally promises to pay to the order of ORIX PTP Holdings, LLC, a Delaware limited liability company, or its assigns (the “Lender”), the principal amount of SIXTEEN MILLION U.S. DOLLARS ($16,000,000), together with all accrued and unpaid interest thereon, on or prior to the Maturity Date (as defined below) pursuant to the provisions of this Secured Promissory Note (this “Note”).
CREDIT FACILITY LETTER AGREEMENTCredit Facility Agreement • April 3rd, 2020 • GlassBridge Enterprises, Inc. • Investment advice • New York
The undersigned, GlassBridge Enterprises, Inc. (the “Lender”), hereby agrees to loan to Clinton Special Opportunities Fund LLC (the “Borrower”) from time to time until November 15, 2020 (the “Maturity Date”), in one or more advances, the aggregate principal amount of up to $1,000,000. Accrued and unpaid interest on loans made under this Agreement shall be repaid by the Borrower on the last business day of February, May, August, and on the Maturity Date, and and all unpaid principal shall be payable in full on the Maturity Date. All such advances shall be made on the terms and conditions contained in, and with a repayment obligation to be evidenced by, the attached promissory note.
DEMAND NOTEDemand Note • April 3rd, 2020 • GlassBridge Enterprises, Inc. • Investment advice • New York
BORROWER: Sport-BLX, Inc., a Delaware corporation (“Borrower”), having an office at 33 Newman Springs Road, Tinton Falls, New Jersey 07724
STOCK PURCHASE AGREEMENTStock Purchase Agreement • April 3rd, 2020 • GlassBridge Enterprises, Inc. • Investment advice • New York
This STOCK PURCHASE AGREEMENT, dated as of December 12, 2019 (this “Purchase Agreement”), is entered into by and between Joseph A. De Perio (the “Seller”) and GlassBridge Enterprises, Inc., a Delaware corporation (the “Buyer”).
PLEDGE AGREEMENTPledge Agreement • April 3rd, 2020 • GlassBridge Enterprises, Inc. • Investment advice
THIS PLEDGE AGREEMENT (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”) is entered into as of March 17, 2020 (the “Closing Date”), by GlassBridge Enterprises, Inc., a Delaware corporation (“Pledgor”), for the benefit of ORIX PTP Holdings, LLC, a Delaware limited liability company, as lender (“Lender”).
DEMAND NOTEDemand Note • April 3rd, 2020 • GlassBridge Enterprises, Inc. • Investment advice • New York
LENDER: GlassBridge Enterprises, Inc. (“Lender”), having an office at 510 Madison Avenue, 9th Floor, New York, New York 10022, Attention: Daniel Strauss
