Document:

Exhibit 10.2

 

Dated April _27_ 2021

 

Far West Entertainment HK Limited

 

and

 

Robert John Graham

 

and

 

Loop Media, Inc.

 

Share
purchase agreement

 

     

     

    

 

TABLE OF CONTENTS

 

	Contents	Page

 

	1.	Interpretation	2

 

	2.	Agreement to Sell the Sale Shares	5

 

	3.	Consideration	6

 

	4.	Closing	6

 

	5.	Warranties	7

 

	6.	Confidentiality	19

 

	7.	Other Provisions	20

 

	Schedule 1 Closing Obligations (Clause 4)	26

 

	Appendix A Form of Supplemental Agreement	27

 

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This Agreement is made on April _27_,
2021 among:

 

	(1)	Far West Entertainment HK Limited, (Company Registration No. 1443043), a company incorporated
in Hong Kong whose registered office is at Unit 511, 5/F, APEC Plaza, 49 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong, (“FWE”);

 

	(2)	Robert John Graham, (Passport No. [ ]) an Australian Citizen [Address] (“RJG”
and together with FWE, the “Sellers”); and

 

	(3)	Loop Media, Inc., a company incorporated in Nevada whose registered office is at 700 N. Central
Avenue, Suite 430, Glendale, California 91203 (the “Purchaser”),

 

(together, the “Parties” and
each, a “Party”).

 

Whereas:

 

	(A)	The Sellers have agreed to sell the Sale Shares (as defined below) and to assume the obligations imposed
on the Sellers under this Agreement; and

 

	(B)	The Purchaser has agreed to purchase the Sale Shares and to assume the obligations imposed on the Purchaser
under this Agreement.

 

It is agreed as follows:

 

	1.	Interpretation

 

In this Agreement, unless the context
otherwise requires, the provisions in this Clause 1 apply:

 

	1.1	Definitions

 

“Business Day” means
a day which is not a Saturday, a Sunday or a bank public holiday in Singapore and Los Angeles County, California, the United States of
America;

 

“Closing” means the
completion of the sale of the Sale Shares pursuant to Clauses 4.1 and 4.2 of this Agreement;

 

“Closing Date” means
April 2, 2021, or such other date as may be agreed between the Parties in writing;

 

“Common Stock” has
the meaning given to it in Clause 3.1.2;

 

“Company” means EON
Media Group Pte. Ltd.;

 

“Consideration Common Stock”
has the meaning given to it in Clause 3.1.2;

 

“Constitution” means
the articles of association for the time being of the Company;

 

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“Encumbrance” means
any claim, encumbrance, charge, mortgage, lien, option, equity, power of sale, hypothecation, retention of title, right of pre-emption,
right of first refusal or other third party right or security interest of any kind or an agreement, arrangement or obligation to create
any of the foregoing, including but not limited to interests arising from options, pledges, mortgages, indentures, security agreements,
rights of first refusal or rights of pre-emption, irrespective of whether such lien arises under any agreement, covenant, other instrument,
the mere operation of statutory or other laws or by means of a judgment, order or decree of any court, judicial or administrative authority,
and shall also mean any approval or consent required from a third party to the exercise or full vesting of a right or title

 

“Ordinary Shares”
means the ordinary shares in the capital of the Company;

 

“OTC Markets” means
the American financial market, operated by OTC Markets Group Inc., providing price and liquidity information for over-the-counter securities;

 

“Purchaser’s Group”
means the Purchaser and its affiliates from time to time;

 

“Sale Shares” means
7,300 Ordinary Shares of the Company consisting of 3,650 Ordinary Shares held by RJG directly and 3,650 Ordinary Shares held by RJG indirectly
through FWE; “SEC” means the U.S. Securities and Exchange Commission;

 

“Seller’s Group”
means FWE, RJG and their respective affiliates from time to time;

 

“Shareholders’
Agreement” means the shareholders’ agreement dated 3 June 2015 made among RJG, FWE, the Seller and the Company, as
amended, restated or otherwise modified, and as acceded to by the Purchaser pursuant to a deed of ratification and accession dated 1 December 2020;

 

“Shares” means the
Ordinary Shares and Preference Shares;

 

“Stamp Duty Documents”
means a working sheet computing the net asset value per Sale Share in the form prescribed by the Stamp Duty Branch of the Inland Revenue
Authority of Singapore and signed by a director or the secretary of the Company;

 

“Supplemental Agreement”
means the supplemental agreement to be entered into among RJG, FWE, the Purchaser and the Company in the form set out in Appendix A;

 

“Surviving Provisions”
means Clauses 1, 6, 7.2 to 7.9 and 7.12 to 7.15;

 

“Taxation” or “Tax”
means all forms of taxation whether direct or indirect and whether levied by reference to income, profits, gains, net wealth, asset values,
turnover, added value or other reference and statutory, governmental, state, provincial, local governmental or municipal impositions,
duties, contributions, rates and levies (including social security contributions and any other payroll taxes), whenever and wherever imposed
(whether imposed by way of a withholding or deduction for or on account of tax or otherwise) and in respect of any person and all penalties,
charges, costs and interest relating thereto;

 

“Tax Authority” means
any taxing or other authority competent to impose any liability in respect of Taxation or responsible for the administration and/or collection
of Taxation or enforcement of any law in relation to Taxation;

 

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“Transaction Documents”
means this Agreement and any other agreement or document to be entered into pursuant to or in connection with this Agreement;

 

“U.S.” means the
United States of America;

 

“U.S. Securities Act”
means the U.S. Securities Act of 1933, as amended from time to time; and

 

“United States Dollar(s)”
and the sign “US$” means the lawful currency of the United States of America.

 

	1.2	Modification etc. of Statutes

 

References to a statute or statutory
provision include:

 

		1.2.1	that statute or provision as from time to time modified, re-enacted or consolidated whether before or
after the date of this Agreement;

 

		1.2.2	any past statute or statutory provision (as from time to time modified, re-enacted or consolidated) which
that statute or provision has directly or indirectly replaced; and

 

		1.2.3	any subsidiary or subordinate legislation made from time to time under that statute or statutory provision
which is in force at the date of this Agreement,

 

except to the extent that any statute,
statutory provision or subsidiary or subordinate legislation made or enacted after the date of this Agreement would create or increase
a liability of the Seller under this Agreement.

 

	1.3	Singular, Plural, Gender

 

References to one gender include all
genders and references to the singular include the plural and vice versa.

 

	1.4	References to Persons and Companies

 

References to:

 

		1.4.1	a person include any natural person, company, limited liability partnership, partnership, business trust
or unincorporated association (whether or not having separate legal personality); and

 

		1.4.2	a company shall include any company, corporation or any body corporate, wherever incorporated.

 

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	1.5	Affiliates and Control

 

The expression “affiliate”
means with respect to any person, any other person directly or indirectly controlling, controlled by, or under common control with, such
persons. The word “control” (including its correlative meanings, “controlled by”, “controlling”
and “under common control with”) shall mean, with respect to a corporation, the right to exercise, directly or indirectly,
more than 50 per cent. of the voting rights attributable to the shares of the controlled corporation and, with respect to any person other
than a corporation, the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies
of such person.

 

	1.6	Clauses, Schedules etc.

 

References to this Agreement shall include
any Recitals and Schedules to it and references to Clauses and Schedules are to Clauses of, and Schedules to, this Agreement. References
to paragraphs and Parts are to paragraphs and parts of the Schedules.

 

	1.7	Headings

 

Headings shall be ignored in interpreting
this Agreement.

 

	1.8	Information

 

References to books, records or other
information mean books, records or other information in any form including paper, electronically stored data, magnetic media, film and
microfilm.

 

	1.9	Legal Terms

 

References to any Singapore or U.S.
legal term (as the case may be) shall, in respect of any jurisdiction other than Singapore or U.S. (as the case may be), be construed
as references to the term or concept which most nearly corresponds to it in that jurisdiction.

 

	1.10	Construction

 

Unless a contrary indication appears,
a reference in this Agreement to “including” shall not be construed restrictively but shall mean “including
without prejudice to the generality of the foregoing” and “including, but without limitation”.

 

	2.	Agreement to Sell the Sale Shares

 

	2.1	On and subject to the terms of this Agreement, the Sellers agree to sell, and the Purchaser agrees to
purchase, the Sale Shares.

 

	2.2	The Sale Shares shall be sold by the Sellers free from Encumbrances and together with all rights and advantages
attaching to them as at Closing (including the right to receive all dividends or distributions declared, made or paid on or after Closing).

 

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	3.	Consideration

 

	3.1	Amount

 

The aggregate consideration
payable by the Purchaser to the Sellers for the purchase of the Sale Shares under this Agreement shall be an amount equal to the sum of
US$4,500,000, which shall be wholly satisfied by the delivery by the Purchaser to the Seller of such number of shares of common stock
of the Purchaser, par value US$0.0001 per share, and any other class of securities into which such securities may hereafter be reclassified
or changed (the “Common Stock”) traded on the OTC Markets under the symbol “LPTV”, as shall be determined
in the manner set out hereinafter in this Clause 3.1.

 

The number of shares of Common Stock to
be delivered by the Purchaser to the Seller pursuant to this Clause 3.1 (the “Consideration Common Stock”) shall be
determined as follows:

 

X = A / B,

 

where:

 

“X” means the number
of Consideration Common Stock, rounded up to the nearest whole number;

 

“A” means US$4,500,000;
and

 

“B” means the price
of each share of Common Stock based on the 10-day volume weighted average market price of the Common Stock traded on the OTC Markets under
the symbol “LPTV” as of the date falling two (2) Business Days prior to Closing as determined in good faith by the Purchaser
in consultation with the Seller.

 

	4.	Closing

 

	4.1	Date and Place

 

Subject to Clause 4.3.3, Closing shall
take place on the Closing Date at the offices of the Company Secretary, Petra Consultants Pte Ltd, at 272A River Valley Road, Singapore
238315, or at such other location, time or date as may be agreed in writing between the Parties.

 

	4.2	Closing Events

 

On Closing, the Sellers and the Purchaser
shall comply with their respective obligations specified in Schedule 1.

 

	4.3	Breach of Closing Obligations

 

If the Seller or the Purchaser fails
to comply with any material obligation in Clause 4.2 and Schedule 1, the Purchaser, in the case of non-compliance by the Seller, or the
Seller, in the case of non-compliance by the Purchaser, shall be entitled (in addition to and without prejudice to all other rights or
remedies available, including the right to claim damages) by written notice to the other:

 

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		4.3.1	to terminate this Agreement (other than the Surviving Provisions) without liability on its part;

 

		4.3.2	to effect Closing so far as practicable having regard to the defaults which have occurred; or

 

		4.3.3	to fix a new date for Closing (being not more than 20 Business Days after the date set for Closing) in
which case the provisions of this Clause 4 shall apply to Closing as so deferred but provided such deferral may only occur once.

 

	5.	Warranties

 

	5.1	The Sellers’ Warranties

 

		5.1.1	The Sellers hereby jointly and severally represent, warrant and undertake to and with the Purchaser that:

 

		(i)	Incorporation

 

FWE is a limited liability company duly
organized, validly existing and in good standing under the laws of Hong Kong and has all requisite limited liability company power and
authority to carry on its business as now conducted and as currently proposed to be conducted. FWE is duly qualified to transact business
and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on its business or
properties. RJG is a citizen of Australia and is of sound mind, has the legal capacity to enter into this Agreement, has entered into
or will enter into this Agreement on his own will, and understands the nature of the obligations to be assumed by him under this Agreement.

 

		(ii)	Authority to Enter into This Agreement etc.

 

All limited liability company action
on the part of the FWE, each of their respective officers, directors and members necessary for the authorization, execution and delivery
of this Agreement, the performance of all obligations of the FWE and RJG hereunder, and the sale and delivery of the Sale Shares being
sold hereunder has been taken or will be taken prior to Closing, and each of the FWE and RJG has the legal right and full power and authority
to enter into and perform this Agreement and any other Transaction Document to which it is a party, which when executed will constitute
valid and binding obligations on the FWE and RJG, in accordance with their respective terms, except (a) as limited by applicable
bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights
generally, and (b) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable
remedies.

 

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		(iii)	Governmental Consents: Conflicts: Violations.

 

No consent, approval, order or authorization
of, or registration, qualification, designation, declaration or filing with, any federal, state or local governmental authority on the
part of the Sellers is required in order to transfer the Sale Shares hereunder. Except as otherwise legally and effectively waived and
having no further force or effect, neither the entering into nor the delivery of this Agreement nor the completion of the transactions
contemplated in this Agreement by FWE and RJG will (a) result in the violation or breach, (b) give rise to any material termination
rights or material payment obligations under or (c) require FWE and RJG to obtain any consent, authorization or approval of any third
party or governmental authority under any provision of (I) FWE’s articles, by-laws or any other organizational documents of
such corporation, (II) agreements, contracts and instruments to which FWE and RJG is a party, or by which FWE or RJG or any of their
respective assets is legally bound, along with any amendment, supplement and modification in respect thereto, or (III) any foreign
or domestic constitution, treaty, law, statute, regulation, code, ordinance, principle of common law or equity, rule, municipal by-law,
order or other requirement (including a requirement arising at common law) having the force of law, and any policy, practice, protocol,
standard or guideline of any governmental authority having the force of law relating or applicable to the transactions contemplated by
this Agreement, in respect of which FWE or RJG must comply.

 

		(iv)	No Breach

 

Except as otherwise legally and effectively
waived and having no further force or effect, the execution and delivery of, and the performance by FWE and RJG of their obligations under,
this Agreement and any other Transaction Document to which either of them is a party and the consummation of the transactions contemplated
hereby and thereby will not result in, nor will such consummation constitute, with or without the passage of time and giving of notice,
an event that results in:

 

		(a)	any violation, default, conflict, or breach of any provision of the Certificate of Formation or equivalent
constitutional document of FWE; or

 

		(b)	a breach of, or give any third party a right to terminate or modify, or result in the creation of any
Encumbrance under, any agreement, licence or other instrument or result in a breach of any order, judgment or decree of any court, governmental
agency or regulatory body to which FWE or RJG is a party or by which the Seller, Holdings or any of their assets is bound.

 

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		(v)	Ownership of Sale Shares

 

		(a)	The Sellers are the sole record and beneficial owner of, and have good and valid title to, the Sale Shares;

 

		(b)	the Sellers have the full and unrestricted right, power and authority to validly sell, assign, transfer,
convey and deliver and will on Closing be legally and beneficially entitled to transfer the Sale Shares to the Purchaser under this Agreement;

 

		(c)	such Sale Shares are and will on Closing be free and clear from any Encumbrances whatsoever;

 

		(d)	except for the Sale Shares and any rights set forth in the Shareholders’ Agreement and the Constitution,
neither FWE nor RJG nor any of their respective affiliates are holders of shares of the Company or holders of any securities of the Company
or any of its subsidiaries which would entitle the holder thereof to acquire at any time securities of the Company, including, without
limitation, any debt, preferred shares, right, option, warrant or other instrument that is at any time convertible into or exercisable
or exchangeable for, or otherwise entitles the holder thereof to receive, securities of the Company; and

 

		(e)	such Sale Shares have been properly and validly issued and allotted and are each fully paid or credited
as fully paid.

 

		(vi)	Company Specific Items

 

		(a)	The Company and each of its Subsidiaries is (a) a duly organized and validly existing entity in good
standing (to the extent such concepts are recognized in the applicable jurisdiction) under the law of its jurisdiction of incorporation,
(b) with all corporate power and authority to own its properties and conduct its business as currently conducted and is duly licensed,
qualified and in good standing as a foreign corporation authorized to do business in each of the jurisdictions in which the character
of the properties owned or held under lease by it or the nature of the business transacted by it makes such qualification necessary, except
(i) in the case of (a), with respect to the Subsidiaries, where the failure to be so duly organized or validly existing, individually
or in the aggregate, has not had and would not reasonably be expected to have a material adverse effect on the business or activities
of the Company, and (ii) in the case of (b), where the failure to have such corporate power or authority, or to be so licensed, qualified
or in good standing, individually or in the aggregate, has not had and would not reasonably be expected to have a material adverse effect
on the business or activities of the Company; Neither the Company nor any of its Subsidiaries owns, directly or indirectly, any interest
in any person, other than interest in the Company’s Subsidiaries and immaterial interests;

 

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		(b)	As of the close of business on the date hereof, 10,000 Shares and 2,167 shares of preferred stock, par
value S$0.001 per share (the “Preferred Stock”) were issued and outstanding; other than the Shares and Preferred Shares disclosed
above, the Company has not issued any shares, has not granted any options, restricted stock, warrants or rights or entered into any other
agreements or commitments that might require it to issue any Shares, or granted any other awards in respect of any shares and has not
split, combined or reclassified any of its shares of capital stock. All of the Shares outstanding have been duly authorized and validly
issued and are fully paid and nonassessable;

 

		(c)	Sellers are not a party to any, and there are no pending or, to either Sellers’ knowledge, threatened,
legal, administrative, arbitral or other proceedings, claims, actions or governmental or regulatory investigations of any nature against
either of the Sellers relating in any way to the Company, or seeking to enjoin, restrain or challenging the validity, enforceability or
propriety of this Agreement or the transactions contemplated by this Agreement. There are no employee disputes or labor relations problems
with respect to any employees of the Company and there is no injunction, order, judgment, decree, or regulatory restriction imposed upon
the Sellers or the assets or liabilities of the Sellers, including the Sale Shares;

 

		(d)	No employee of the Company is bound by any agreement that purports to limit his or her ability to engage
in or continue or perform any conduct, activity, duties or practice relating to the business conducted by the Company; the Sellers have
operated the Company in compliance in all material respects with all applicable laws and regulations relating to the employment of labor,
and has made all withholdings and other payments with respect to such employment and employment taxes and charges; and there is no collective
bargaining agreement to which the Company is a party and no collective bargaining agreement is currently being negotiated or proposed;
as of the Closing Date all wages, salaries, bonuses, vacation pay, holiday pay, short or long-term disability, reimbursement of expenses,
tuition reimbursement, commissions, compensation for absences due to jury duty and funeral leave, vacation and other paid time off, sick
pay, extended sick leave, insurance benefits or other employee benefits or reimbursements with regard to any employee of the Branch, to
the extent same is owed and with the exception of any amounts disputed in good faith by the Sellers (which shall be the responsibility
of Sellers), if applicable, will have been paid, or will be paid, by the Company in accordance with the Company’s practices and
procedures;

 

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		(e)	The financial statements (including the related notes) of the Company and provided to the Purchaser complied
(including the accounts for the years ended December 31, 2019 and 2020), at the time of the respective statements, as to form in
all material respects with the applicable accounting requirements, were prepared in accordance with generally accepted accounting principles
in effect from time to time in Singapore (“GAAP”) (except, in the case of unaudited monthly financial statements or information
provided to Purchaser) applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto) and
fairly present in all material respects the consolidated financial position of the Company and its consolidated subsidiaries as of the
dates thereof and their consolidated results of operations and cash flows for the periods then ended (subject, in the case of unaudited
financial statements or financial information, to normal year-end adjustments, the absence of complete footnotes and to any other adjustments
described therein, including any notes thereto).and the books of account and other records of the Company for the fiscal years 2020 and
2019, all of which have been made available to Purchaser, are complete and correct in all material respects and represent actual, bona
fide transactions and have been maintained in accordance with customary business practices and generally accepted accounting practices
consistently applied;

 

		(f)	Neither the Company nor any of its Subsidiaries has any liabilities of any nature, whether accrued, absolute,
fixed, contingent or otherwise, whether due or to become due and whether or not required to be recorded or reflected on a balance sheet
under GAAP, other than (i) such liabilities (A) disclosed, reflected or reserved against in the financial statements of the
Company included in the balance sheet of the Company for the year ended December 31, 2020 or (B) incurred in the ordinary course
of business consistent with past practice since December 31, 2020, which, in the case of clause (B) only, individually or in
the aggregate, have not had and would not reasonably be expected to have a Material Adverse Effect, (ii) such liabilities arising
or resulting from an existing contract, or a contract entered into in compliance with this Agreement, except to the extent that such liabilities
arose or resulted from a breach or a default of such contract or (iii) such liabilities which have been discharged or paid in full
in the ordinary course of business as of the date of this Agreement;

 

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		(g)	Except as, individually or in the aggregate, has not had and would not reasonably be expected to have
a material adverse effect on the business or activities of the Company: (i) each material contract entered into by the Company is
valid and binding on the Company or the Subsidiary of the Company that is a party thereto and, to the knowledge of the Company, FWE or
RJG, each other party thereto, and is in full force and effect and enforceable in accordance with its terms, except that (A) such
enforcement may be subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar Laws, now or hereafter in
effect, relating to creditors’ rights generally, and (B) equitable remedies of specific performance and injunctive and other
forms of equitable relief may be subject to equitable defences and to the discretion of the court before which any proceeding therefor
may be brought and except to the extent that they have previously expired in accordance with their terms or they have been terminated
by the Company in the ordinary course of business; (ii) the Company, its Subsidiaries and, to the knowledge of the Company, FWE or
RJG, each other party thereto, have performed and complied with all obligations required to be performed or complied with by them under
each material contract; and (iii) there is no default under any material contract by the Company or any of its Subsidiaries or, to
the knowledge of the Company, FWE or RJG, by any other party, and no event has occurred that with the lapse of time or the giving of notice
or both would constitute a default thereunder by the Company or any of its Subsidiaries or, to the knowledge of the Company, FWE or RJG,
by any other party thereto;

 

		(h)	Except as, individually or in the aggregate, has not had and would not reasonably be expected to have
a material adverse effect on the business or activities of the Company, neither the Company nor any of its Subsidiaries (including any
of their officers, directors, agents, distributors, employees, or other persons acting on their behalf) has, directly or indirectly, taken
any action that would cause the Company or any Company Subsidiary to be in violation of the United States Foreign Corrupt Practices Act
of 1977, as amended (the “FCPA”), or any other anticorruption or anti-bribery Laws applicable to the Company or any Company
Subsidiary (collectively with the FCPA, the “Anticorruption Laws”); Except as, individually or in the aggregate, has not had
and would not reasonably be expected to have a material adverse effect on the business or activities of the Company, neither the Company
nor any of its Subsidiaries (including any of their officers, directors, agents, distributors, employees, or other persons acting on their
behalf) has taken any act in furtherance of an offer, payment, promise to pay, authorization, or ratification of the payment, directly
or indirectly, of any gift, money or anything of value to a Government Official (as defined below) to secure any improper advantage (e.g.,
to obtain a Tax rate lower than allowed by Law) or to obtain or retain business for any Person in violation of applicable Law; As of the
date of this Agreement, to the knowledge of the Company, FWE or RJG, (i) there is no investigation of or request for information
from the Company or any Subsidiary by any Governmental Entity regarding the Anticorruption Laws, and (ii) there is no other allegation,
investigation or inquiry by any Governmental Entity regarding the Company or any Subsidiary’s actual or possible violation of the
Anticorruption Laws; For purposes of this Agreement, “Government Official” means any (i) officer or employee of a Governmental
Entity or instrumentality thereof (including any state-owned or controlled enterprise) or of a public international organization, (ii) political
party or official thereof or any candidate for any political office or (iii) any person acting for or on behalf of any such Governmental
Entity or instrumentality thereof;

 

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		(i)	Except as, individually or in the aggregate, has not had and would not reasonably be expected to have
a material adverse effect on the business or activities of the Company; The Company and each of its Subsidiaries have timely filed all
tax returns, estimates, information statements and reports relating to any and all taxes of the Company or any of its Subsidiaries or
their respective operations (the “Returns”) required to be filed by applicable law by the Company and each of its Subsidiaries
as of the date hereof. All such Returns are true, correct and complete, and the Company and each of its Subsidiaries have timely paid
all taxes attributable to the Company or any of its Subsidiaries that were due and payable by them without regard to whether such taxes
have been assessed, except in each case with respect to matters contested in good faith or for which adequate reserves have been established;
As of the date of this Agreement, there is no written claim or assessment pending or, to the knowledge of the Company, FWE or RJG, threatened
in writing against the Company or any of its Subsidiaries for any alleged deficiency in taxes of the Company or any of its Subsidiaries,
and there is no audit or investigation with respect to any liability of the Company or any of its Subsidiaries for taxes; Neither the
Company nor any of its Subsidiaries has granted any extension of the period of limitations for the assessment or collection of any tax
of the Company or any of its Subsidiaries for any taxable period that remains open to assessment; The Company and each of its Subsidiaries
have withheld from their employees (and timely paid to the appropriate Governmental Entity) proper and accurate amounts for all periods
through the date hereof in compliance with all tax withholding provisions of applicable federal, state, local and foreign laws (including,
without limitation, income, social security, and employment tax withholding for all types of compensation); The Company and each of its
Subsidiaries have withheld (and timely paid to the appropriate Governmental Entity) proper and accurate amounts for all periods through
the date hereof in compliance with all tax withholding provisions of applicable federal, state, local and foreign laws other than provisions
of employee withholding; There is no contract or agreement in effect under which the Company or any of its Subsidiaries has, or may at
any time in the future have, an obligation to contribute to the payment of any portion of a tax of any Person (other than the Company
or any of its Subsidiaries); Neither the Company nor any of its Subsidiaries owes any amount under a Tax sharing, indemnification or allocation
agreement; For purposes of this Agreement, “tax” or, collectively, “taxes” shall mean any and all Singapore, Australian
and other relevant jurisdictions’ taxes, assessments and other governmental charges, duties (including stamp duty), impositions
and liabilities, including capital gains tax, taxes based upon or measured by gross receipts, income, profits, sales, use and occupation,
and value added, ad valorem, transfer, franchise, withholding, payroll, recapture, employment, escheat, excise and property taxes as well
as public imposts, fees and social security charges (including health, unemployment, workers’ compensation and pension insurance),
together with all interest, penalties, and additions imposed by a Governmental Entity with respect to such amounts; and

 

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		(j)	There is no complaint, claim, action, suit, litigation, proceeding or governmental or administrative investigation
(each, an “Action”) pending or, to the knowledge of the Company, FWE or RJG, threatened against or relating to the Company
or any of its Subsidiaries (and neither the Company nor any of its Subsidiaries has received notice of any Action), except for those Actions
which, individually or in the aggregate, have not had and would not reasonably be expected to have a material adverse effect on the Company.
Neither the Company nor any of its Subsidiaries is subject to any outstanding Order, except for those Orders which, individually or in
the aggregate, have not had and would not reasonably be expected to have a material adverse effect on the Company;

 

		(vii)	Purchase Entirely for Own Account

 

This Agreement is made with the Sellers
in reliance upon the Sellers’ representation to the Purchaser, which by the Sellers’ execution of this Agreement the Sellers
hereby confirm, that the shares of Consideration Common Stock to be received by the Sellers will be acquired for investment for the respective
Sellers’ own account, not as a nominee or agent, and not with a view to the distribution of any part thereof, and that the Sellers
have no present intention of selling, granting any participation in, or otherwise distributing the same. By executing this Agreement,
the Sellers further represent that the Sellers do not have any contract, undertaking, agreement or arrangement with any person to sell,
transfer or grant participations to such person or to any third person, with respect to any of the Consideration Common Stock.

 

    	 	14

     

    

 

		(viii)	Disclosure of Information

 

The Sellers believe that they have received
all the information they considers necessary or appropriate for deciding whether to acquire the Consideration Common Stock. The Sellers
further represent that they have had an opportunity to ask questions and receive answers from the Purchaser regarding the terms and conditions
of the Purchaser and the business, properties, prospects and financial condition of the Purchaser. The foregoing, however, does not limit
or modify the representations and warranties of the Purchaser in Clause 5.2 of this Agreement or the right of the Sellers to rely thereon.

 

		(ix)	Investment Experience

 

The Sellers are investors in securities
of companies in the development stage and acknowledge that they are able to fend for themselves, can bear the economic risk of their respective
investment, and have such knowledge and experience in financial or business matters that they are capable of evaluating the merits and
risks of the investment in the Consideration Common Stock. The Sellers also represent that they have not been organized for the purpose
of acquiring the Consideration Common Stock.

 

		(x)	Accredited Purchaser

 

Each of the Sellers is an “accredited
investor” within the meaning of SEC Rule 501 of Regulation D of the U.S. Securities Act.

 

		(xi)	Restricted Securities

 

The Sellers understand that the Consideration
Common Stock will be characterized as “restricted securities” under the federal securities laws inasmuch as they are being
acquired from the Purchaser in a transaction not involving a public offering and that under such laws and applicable regulations such
securities may be resold without registration under the U.S. Securities Act, only in certain limited circumstances. In this connection,
the Sellers represents that they are familiar with SEC Rule 144, as presently in effect, and understands the resale limitations imposed
thereby and by the U.S. Securities Act.

 

		5.1.2	No Other Representations or Warranties

 

The Purchaser acknowledges and agrees
that, except as set forth in Clause 5.1.1, the Sellers make no express or implied representation or warranty whatsoever, including with
respect to the Sale Shares or the transactions contemplated hereby.

 

    	 	15

     

    

 

	5.2	The Purchaser’s Warranties

 

		5.2.1	The Purchaser hereby warrants and undertakes to and with each of FWE and RJG that:

 

		(i)	Incorporation

 

The Purchaser is a limited liability
company duly organized, validly existing and in good standing under the laws of the State of Nevada and has all requisite limited liability
company power and authority to carry on its business as now conducted and as currently proposed to be conducted. The Purchaser is duly
qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse
effect on its business or properties.

 

		(ii)	Authority to Enter into This Agreement etc.

 

All limited liability company action
on the part of the Purchaser, its officers, directors and members necessary for the authorization, execution and delivery of this Agreement,
the performance of all obligations of the Purchaser hereunder, and the sale and delivery of the Consideration Common Stock being delivered
hereunder has been taken or will be taken prior to Closing, and the Purchaser has the legal right and full power and authority to enter
into and perform this Agreement and any other Transaction Document to which it is a party, which when executed will constitute valid and
binding obligations on the Purchaser, in accordance with their respective terms, except (a) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally,
and (b) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

 

		(iii)	Governmental Consents: Conflicts: Violations.

 

No consent, approval, order or authorization
of, or registration, qualification, designation, declaration or filing with, any federal, state or local governmental authority on the
part of the Purchaser is required in order to purchase the Sale Shares hereunder. Neither the entering into nor the delivery of this Agreement
nor the completion of the transactions contemplated in this Agreement by the Purchaser will (a) result in the violation or breach,
(b) give rise to any material termination rights or material payment obligations under or (c) require the Purchaser to obtain
any consent, authorization or approval of any third party or governmental authority under any provision of (I) the Purchaser’s
articles, by-laws or any other organizational documents of such corporations, (II) agreements, contracts and instruments to which
the Purchaser is a party, or by which the Purchaser or any of its assets is legally bound, along with any amendment, supplement and modification
in respect thereto, or (III) any foreign or domestic constitution, treaty, law, statute, regulation, code, ordinance, principle of
common law or equity, rule, municipal by-law, order or other requirement (including a requirement arising at common law) having the force
of law, and any policy, practice, protocol, standard or guideline of any governmental authority having the force of law relating or applicable
to the transactions contemplated by this Agreement, in respect of which the Purchaser must comply.

 

    	 	16

     

    

 

		(iv)	No Breach

 

The execution and delivery of, and the
performance by the Purchaser of its obligations under this Agreement and any other Transaction Document to which it is a party and the
consummation of the transactions contemplated hereby and thereby will not result in, nor will such consummation constitute, with or without
the passage of time and giving of notice, an event that results in:

 

		(a)	any violation, default, conflict, or a breach of any provision of the Articles of Incorporation or equivalent
constitutional document of the Purchaser;

 

		(b)	a breach of, or give any third party a right to terminate or modify, or result in the creation of any
Encumbrance under, any agreement, licence or other instrument or result in a breach of any order, judgment or decree of any court, governmental
agency or regulatory body to which the Purchaser is a party or by which the Purchaser or any of its assets is bound; or

 

		(c)	a breach of the laws of any jurisdiction to which the Purchaser is subject in respect of the transactions
contemplated under this Agreement or which may otherwise be applicable to the Purchaser in connection with the transactions contemplated
by this Agreement.

 

		(v)	Solvency and Financial Resources

 

		(a)	The Purchaser is not insolvent and is able to pay its debts as and when they fall due; and

 

		(b)	the Purchaser has sufficient financial resources to pay the Consideration Common Stock.

 

		(vi)	Accredited Purchaser

 

The Purchaser is an “accredited
investor” within the meaning of SEC Rule 501 of Regulation D of the U.S. Securities Act.

 

		(vii)	Restricted Securities

 

The Purchaser understands that the Sales
Shares will be characterized as “restricted securities” under the federal securities laws inasmuch as they are being acquired
from the Seller in a transaction not involving a public offering and that under such laws and applicable regulations such securities may
be resold without registration under the U.S. Securities Act, only in certain limited circumstances. In this connection, the Purchaser
represents that it is familiar with SEC Rule 144, as presently in effect, and understands the resale limitations imposed thereby
and by the U.S. Securities Act.

 

    	 	17

     

    

 

		(viii)	Equity Issuance

 

The shares of Consideration Common Stock,
when issued, sold, and delivered in accordance with the terms and for the consideration expressed in this Agreement, shall (a) have
the rights and privileges set forth in the Purchaser’s publicly available organizational documents, (b) have been and remain
duly authorized and validly issued, (c) not be issued in violation of any pre-emptive or other rights of any person, the organizational
documents of the Purchaser or any agreement to which the Purchaser is a party or by which the Purchaser is bound, (d) not be subject
to or otherwise require the consent or approval of any person not otherwise unconditionally secured or obtained, (e) be issued in
compliance with all applicable laws and (f) be issued free and clear of all liens and freely transferable, other than the restrictions
on transfer arising under applicable laws.

 

		(ix)	Purchase Entirely for Own Account

 

This Agreement is made with the Purchaser
in reliance upon the Purchaser’s representation to the Seller, which by the Purchaser’s execution of this Agreement the Purchaser
hereby confirms, that the Sale Shares to be received by the Purchaser will be acquired for investment for the Purchaser’s own account,
not as a nominee or agent, and not with a view to the distribution of any part thereof, and that the Purchaser has no present intention
of selling, granting any participation in, or otherwise distributing the same. By executing this Agreement, the Purchaser further represents
that the Purchaser does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations
to such person or to any third person, with respect to any of the Sale Shares.

 

		(x)	Disclosure of Information

 

The Purchaser believes that it has received
all the information it considers necessary or appropriate for deciding whether to purchase the Sale Shares. The Purchaser further represents
that it has had an opportunity to ask questions and receive answers from the Seller and the Company regarding the terms and conditions
of the Company and the business, properties, prospects and financial condition of the Company.

 

		(xi)	Investment Experience

 

The Purchaser is an investor in securities
of companies in the development stage and acknowledges that it is able to fend for itself, can bear the economic risk of its investment,
and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the investment
in the Sale Shares. The Purchaser also represents that it has not been organized for the purpose of acquiring the Sale Shares.

 

    	 	18

     

    

 

	5.3	Effect of Closing

 

The representations and warranties in
Clauses 5.1 and 5.2, and all other provisions of this Agreement, to the extent that they have not been performed by Closing, shall not
be extinguished or affected by Closing or by any other event or matter, except by a specific and duly authorised written waiver or release
by the Purchaser, FWE and RJG (as the case may be).

 

	6.	Confidentiality

 

	6.1	Announcements

 

No announcement or circular in connection
with the existence or the subject matter of this Agreement shall be made or issued by or on behalf of any member of the Sellers’
Group or any member of the Purchaser’s Group without the prior written approval of each Party. This shall not affect any announcement
or circular required by law or any regulatory body or the rules of any recognised stock exchange on which the shares of any Party
are listed or of the SEC and the U.S. securities laws, but the Party with an obligation to make an announcement or issue a circular shall
consult with the other Parties insofar as is reasonably practicable before complying with such an obligation.

 

	6.2	Confidentiality

 

		6.2.1	Subject to Clauses 6.1 and 6.2.2:

 

		(i)	each Party shall treat as strictly confidential and not disclose or use any information received or obtained
as a result of entering into this Agreement (or any Transaction Document) which relates to:

 

		(a)	the existence and the provisions of this Agreement and of any Transaction Document; or

 

		(b)	the negotiations relating to this Agreement (and any such other Transaction Document);

 

		(ii)	FWE and RJG shall treat as strictly confidential and not disclose or use any information relating to the
business, financial or other affairs (including future plans and targets) of the Purchaser’s Group; and

 

		(iii)	the Purchaser shall treat as strictly confidential and not disclose or use any information relating to
the business, financial or other affairs (including future plans and targets) of the Sellers’ Group and the Company.

 

		6.2.2	Clause 6.2.1 shall not prohibit disclosure or use of any information if and to the extent:

 

		(i)	the disclosure or use is required by law, any regulatory body or any recognised stock exchange on which
the shares of any member of the Sellers’ Group or the Purchaser’s Group are listed or of the SEC and the U.S. securities laws;

 

    	 	19

     

    

 

		(ii)	the disclosure or use is required to vest the full benefit of this Agreement in the Sellers, Holdings
or the Purchaser;

 

		(iii)	the disclosure or use is required for the purpose of any judicial proceedings arising out of this Agreement
or any Transaction Document or the disclosure is made to a Tax Authority in connection with the Tax affairs of the disclosing Party;

 

		(iv)	the disclosure is made to professional advisers on terms that such professional advisers undertake to
comply with the provisions of Clause 6.2.1 in respect of such information as if they were a party to this Agreement;

 

		(v)	the information is or becomes publicly available (other than by breach of this Agreement);

 

		(vi)	the disclosure is made to the shareholders of the Company, other than the Sellers;

 

		(vii)	the other Parties have given prior written approval to the disclosure or use; or

 

		(viii)	the information is independently developed after Closing,

 

provided that prior to disclosure or use
of any information pursuant to Clause 6.2.2(i), (ii) or (iii) except in the case of disclosure to a Tax Authority, the Party
concerned shall promptly notify the other Parties of such requirement with a view to providing those other Parties with the opportunity
to contest such disclosure or use or otherwise to agree the timing and content of such disclosure or use.

 

	7.	Other Provisions

 

	7.1	Further Assurances

 

Each Party shall, and shall use its
reasonable endeavours to procure and ensure that any necessary third party shall, from time to time execute such documents and perform
such acts and things as any of the Parties may reasonably require to transfer the Sale Shares to the Purchaser, to deliver the Consideration
Common Stock to the Sellers, and to give each Party the full benefit of this Agreement.

 

	7.2	Whole Agreement

 

		7.2.1	This Agreement contains the whole agreement between the Parties relating to the subject matter of this
Agreement at the date of this Agreement to the exclusion of any terms implied by law which may be excluded by contract and supersedes
any previous written or oral agreement between the Parties in relation to the matters dealt with in this Agreement.

 

		7.2.2	The Purchaser acknowledges that it has not been induced to enter this Agreement by any representation,
warranty or undertaking not expressly incorporated into it.

 

    	 	20

     

    

 

		7.2.3	So far as is permitted by law and except in the case of fraud, each Party agrees and acknowledges that
its only right and remedy in relation to any representation, warranty or undertaking made or given in connection with this Agreement shall
be for breach of the terms of this Agreement to the exclusion of all other rights and remedies (including those in tort or arising under
statute).

 

		7.2.4	In Clauses 7.2.1 to 7.2.3, “this Agreement” includes the Transaction Documents.

 

	7.3	Reasonableness

 

Each Party confirms it has received
independent legal advice relating to all the matters provided for in this Agreement, including the terms of Clause 7.2 (Whole Agreement)
and agrees that the provisions of this Agreement (including all documents entered into pursuant to this Agreement) are fair and reasonable.

 

	7.4	Assignment

 

Except as otherwise expressly provided
in this Agreement, none of the Parties may without the prior written consent of the other Parties, assign this Agreement, except in connection
with a sale of all or substantially all of its assets, change of control or merger. The Purchaser shall not be entitled to make any claim
against the Seller and/or Holdings in respect of any losses which it does not suffer in its own capacity as beneficial owner of the Sale
Shares.

 

	7.5	Survival

 

The representations and warranties contained
in this Agreement shall survive for 12 months following the Closing and neither party shall be liable for breaches of any of their respective
representations and warranties contained in this Agreement in respect of any claim, unless a notice of the claim is given within 14 months
following Closing.

 

	7.6	Variation

 

No variation of this Agreement shall
be effective unless in writing and signed by or on behalf of each Party.

 

	7.7	Time of the Essence

 

Time shall be of the essence of this
Agreement both as regards any dates, times and periods mentioned and as regards any dates, times and periods which may be substituted
for them in accordance with this Agreement or by agreement in writing between the Parties.

 

	7.8	Method of Payment

 

Wherever in this Agreement provision
is made for the payment by one Party to the other, such payment shall be effected by crediting for same day value the account specified
by the payee to the payer reasonably in advance and in sufficient detail to enable payment by telegraphic or other electronic means to
be effected on or before the due date for payment.

 

    	 	21

     

    

 

	7.9	Costs

 

Each Party shall bear all costs incurred
by it in connection with the preparation, negotiation and entry into of this Agreement and any Transaction Document and the sale and purchase
of the Sale Shares.

 

	7.10	Stamp Duty, Fees and Taxes

 

The Purchaser shall bear the cost of
all stamp duty, any notarial fees and all registration and transfer taxes and duties or their equivalents in all jurisdictions
where such fees, taxes and duties are payable as a result of the transactions contemplated by this Agreement. The Purchaser shall be responsible
for arranging the payment of such stamp duty and all other such fees, taxes and duties, including fulfilling any administrative or reporting
obligation imposed by the jurisdiction in question in connection with the payment of such taxes and duties.

 

	7.11	Withholdings and Deductions

 

All sums payable by a Party under this
Agreement shall be paid free and clear of all deductions, withholdings, set-offs or counterclaims whatsoever save only as may be required
by law. If any deductions or withholdings are required by law the payer shall be obliged to pay to the payee such sum as will after such
deduction or withholding has been made leave the payee with the same amount as it would have been entitled to receive in the absence of
any such requirement to make a deduction or withholding.

 

	7.12	Notices

 

		7.12.1	Any notice or other communication in connection with this Agreement (each, a “Notice”)
shall be:

 

		(i)	in writing; and

 

		(ii)	delivered by hand, pre-paid registered post, e-mail or registered airmail in the case of international
service or courier using an internationally recognised courier company.

 

		7.12.2	A Notice to FWE and RJG shall be sent to the following address, or such other person or address as FWE
and RJG may notify to the Purchaser from time to time:

 

Far West Entertainment

 

[    ]

 

Email: [    ]

 

Attention: Robert Graham

 

    	 	22

     

    

 

Robert J. Graham

 

[    ]

 

Email: [    ]

 

Attention: Rob Graham

 

		7.12.3	A Notice to the Purchaser shall be sent to the following address, or such other person or address as the
Purchaser may notify to FWE and RJG from time to time:

 

Loop Media, Inc.

 

700 N Central Avenue

 

Suite 430 Glendale

 

CA 91203

 

Email: Jon@loop.tv

 

Attention: Jon Niermann, CEO

 

		7.12.4	A Notice shall be effective upon receipt and shall be deemed to have been received:

 

		(i)	two Business Days after posting, if delivered by pre-paid registered post;

 

		(ii)	at the time of delivery, if delivered by hand or courier;

 

		(iii)	five Business Days after posting, if delivered by airmail; or

 

		(iv)	on the date and time of transmission of the e-mail by the sender or its service provider to the recipient,
unless the sender or its service provider receives a non-delivery, “returned mail” reply message or any other error message
indicating that the email was not successfully sent to the recipient’s mailbox or the mail server of the recipient’s service
provider, if delivered by e-mail.

 

	7.13	Invalidity

 

		7.13.1	If any provision in this Agreement shall be held to be illegal, invalid or unenforceable, in whole or
in part, the provision shall apply with whatever deletion or modification is necessary so that the provision is legal, valid and enforceable
and gives effect to the commercial intention of the Parties.

 

		7.13.2	To the extent it is not possible to delete or modify the provision, in whole or in part, under Clause
7.13.1, then such provision or part of it shall, to the extent that it is illegal, invalid or unenforceable, be deemed not to form part
of this Agreement and the legality, validity and enforceability of the remainder of this Agreement shall, subject to any deletion or modification
made under Clause 7.13.1, not be affected.

 

    	 	23

     

    

 

	7.14	Counterparts

 

This Agreement may be entered into in
any number of counterparts, all of which taken together shall constitute one and the same instrument. The Parties may enter into this
Agreement by executing any such counterpart. Signatures may be exchanged by fax or e-mail, with original signatures to follow. Each Party
agrees to be bound by its own fax or electronic signature and that it accepts the fax or electronic signature of the other Parties.

 

	7.15	Governing Law and Arbitration

 

		7.15.1	This Agreement shall be governed by and construed in accordance with California law.

 

		7.15.2	Any dispute arising out of or in connection with this Agreement, including any question as to the validity,
existence or termination of this Agreement and/or this Clause 7.15, shall be resolved by binding arbitration administered by JAMS and
conducted under the then-current JAMS Streamlined Arbitration Rules for the time being in force, which rules are deemed to be
incorporated by reference in this Clause 7.15. The arbitration shall be conducted in the city of Los Angeles, California (or by teleconference
or videoconference as necessary). The arbitrator shall be appointed by agreement between the relevant Parties to the arbitration and failing
agreement within seven days of a written notice for such appointment, JAMS. The arbitral award made and granted shall be final, conclusive
and binding on the relevant Parties to the arbitration.

 

[SIGNATURE PAGES FOLLOW]

 

    	 	24

     

    

 

In witness whereof this Agreement has been
entered into on the date stated at the beginning.

 

THE SELLERS

FAR WEST ENTERTAINMENT HK LIMITED

 

	By:	/s/ Robert J. Graham	 
	Name: Robert J. Graham
	Title:

 

ROBERT J. GRAHAM

 

	By:	/s/ Robert J. Graham	 

 

THE PURCHASER

 

LOOP MEDIA INC.

 

	By:	/s/ Jon Niermann	 

	Name: Jon Nierman

Its: CEO

 

    	 	25

     

    

 

Schedule 1

Closing Obligations

(Clause 4)

 

		1.	Sellers’ Obligations

 

Against compliance with the Purchaser’s
obligations set out in paragraph 2 of this Schedule 1 and receipt by the Seller in full of the Cash Consideration and the delivery to
the Sellers of the Consideration Common Stock, on Closing, the Sellers shall deliver or make available to the Purchaser the following:

 

		1.1	transfers of the Sale Shares duly executed by the Sellers in favour of the Purchaser (“Share
Transfers”) accompanied by the relative share certificates and the Stamp Duty Documents; provided that the cost of any stamp
duty taxes or fees shall be borne by the Purchaser;

 

		1.2	a copy of the board resolutions of the Company:

 

		1.2.1	approving the Share Transfers subject only to their being duly stamped and directing the secretary of
the Company to promptly lodge the Share Transfers with the Registrar of Companies; and

 

		1.2.2	accepting the resignations referred to in paragraph 1.2 of this Schedule;

 

		1.3	a copy of the Supplemental Agreement, duly executed by RJG, FWE, and the Company;

 

		1.4	a copy of the Lock-up Agreement in the form previously provided to RJG and FWE by the Company.

 

		2.	The Purchaser’s Obligations

 

On Closing, the Purchaser shall:

 

		2.1	deliver or make available to the Sellers the following:

 

		2.1.1	evidence that the Purchaser is authorised to execute and perform its obligations under this Agreement;

 

		2.1.2	a copy of the notification to ClearTrust LLC, being the transfer agent of the Purchaser as at the date
of this Agreement, informing ClearTrust LLC to register the Consideration Common Stock in the name of the Sellers in book entry form;
and

 

		2.1.3	a copy of the Supplemental Agreement, duly executed by the Purchaser.

 

    	 	26

     

    

 

Appendix A

Form of Supplemental Agreement

 

 

Dated April ___________, 2021

 

Robert John Graham

 

and

 

Far West Entertainment HK Limited

 

and

 

Loop Media, Inc.

 

and

 

EON Media Group Pte. Ltd.

 

THIRD
SUPPLEMENTAL AGREEMENT TO

 

SHAREHOLDERS’ AGREEMENT

 

     

     

    

 

TABLE OF CONTENTS

 

	Contents	 	Page
	 	 	 
	1.	Definitions and Interpretation	2
	 	 	 
	2.	Continuance of New Put Option	3
	 	 	 
	3.	Release and Discharge	4
	 	 	 
	4.	Amendment of Shareholders’ Agreement	5
	 	 	 
	5.	Lodgements with ACRA	5
	 	 	 
	6.	Execution of Instruments	5
	 	 	 
	7.	Miscellaneous	5

 

    	 	1

     

    

 

This Third Supplemental Agreement is made
on April ______, 2021 among:

 

 

		(4)	Robert John Graham (Passport No.  [ ]) an Australian Citizen of [ ] (“RJG”);

 

		(5)	Far West Entertainment HK Limited (Company Registration No. 1443043), a company incorporated
in Hong Kong whose registered office is at Unit 511, 5/F, APEC Plaza, 49 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong (“FWE”
and together with RJG, the “Sellers”);

 

		(6)	Loop Media, Inc., a company incorporated in Nevada whose registered office is at 700 N. Central
Avenue, Suite 430, Glendale, California 91203 (“Loop”); and

 

		(7)	EON Media Group Pte. Ltd. (Company Registration No. 201231058M), a company incorporated in
Singapore whose registered office is at 88B Amoy Street, Singapore 069907 (the “Company”),

 

(collectively, the “Parties”
and each, a “Party”).

 

1.            Whereas:

 

The Parties have
entered into the Shareholders’ Agreement (as defined below);

 

RJG
and FWE proposes to enter into the Share Purchase Agreement (as defined below) with Loop pursuant to which the Sellers shall sell, and
Loop shall purchase, the Sale Shares (as defined below), completion of which shall take place on or about April [·]
2021; and

 

In connection with
the foregoing, the Parties have agreed to enter into this Supplemental Agreement in order to, inter alia, amend the Shareholders’
Agreement, on the terms set out in this Supplemental Agreement.

 

2.            In
consideration of the mutual promises and representations hereinafter set out and other good consideration the sufficiency of which is
acknowledged by the Parties, the Parties agree as follows:

 

		8.	Definitions and Interpretation

 

		8.1	Unless expressly stated otherwise, the capitalised terms and expressions used or referred to herein shall
have the same meanings as defined in the Shareholders’ Agreement.

 

		8.2	Whenever the following terms appear in this Supplemental Agreement, they shall have the respective meanings
specified below unless the context otherwise requires:

 

		8.2.1	“30 November 2020 Supplemental Agreement” means the first supplemental agreement
to the Shareholders’ Agreement dated 30 November 2020 entered into among RJG, FWE, Ithaca and the Company;

 

		8.2.2	“April 2021 Supplemental Agreement” means the second supplemental agreement to
the Shareholders’ Agreement dated the date hereof entered into among RJG, FWE, Ithaca and the Company

 

    	 	2

     

    

 

		8.2.3	“ACRA” means the Accounting and Corporate Regulatory Authority of Singapore;

 

		8.2.4	“Addendum” means the addendum to the Shareholders’ Agreement dated 29 January 2019
entered into among RJG, FWE, Ithaca and the Company;

 

		8.2.5	“Business Day” means a day which is not a Saturday, a Sunday or a bank public holiday
in Singapore and Los Angeles County, California, the United States of America;

 

		8.2.6	“Closing” means the completion of both the sale of the Sale Shares by the Sellers to
Loop in accordance with the terms of the Share Purchase Agreement and the Ithaca Closing taking place; provided that the Closing shall
be deemed to occur immediately after the Ithaca Closing;

 

8.2.7            “Confirmation”
means the confirming in writing to Loop that completion of the sale of the Sale Shares from the Sellers to Loop pursuant to the Share
Purchase Agreement has taken place (and not earlier) (such confirmation by each of RJG and FWE, the “Confirmation”);

 

		8.2.8	has the meaning given to it in Clause 2.1.3(ii) below;

 

		8.2.9	“Effective Date” has the meaning given to it in Clause 3.1 below;

 

		8.2.10	“Existing Shareholders” means RJG, FWE and Loop;

 

8.2.11            “Ithaca”
means EMG Holdco LLC (Company Registration No. 5731372), a company incorporated in the State of Delaware whose registered office
is at c/o Cogency Global Inc., 850 New Burton Road, Suite 201, City of Dover, County of Kent, Delaware 19904;

 

8.2.12            “Ithaca
Closing” means the closing of the sale of 1,350 Ordinary Shares and 1,084 Preference Shares by Ithaca to Loop on the date hereof
pursuant to that certain share purchase agreement between Loop and Ithaca;

 

		8.2.13	“Share Purchase Agreement” means the share purchase agreement to be entered into among
RJG, FWE and Loop, pursuant to which Loop shall purchase, and RJG and FWE shall sell, the Sale Shares, on the terms and subject to the
conditions set out in the Share Purchase Agreement;

 

		8.2.14	“Notice” has the meaning given to it in Clause 2.1.1 below;

 

		8.2.15	“Ordinary Shares” means the ordinary shares in the capital of the Company;

 

		8.2.16	“Preference Shares” means the preference shares in the capital of the Company;

 

		8.2.17	“Remaining Party” means Loop;

 

    	 	3

     

    

 

8.2.18            “Sale
Shares” means the 3,650 Ordinary Shares, to be transferred by RJG to Loop and the 3,650 Ordinary Shares, to be transferred by
FEW to Loop, in each case pursuant to the Share Purchase Agreement.

 

		8.2.19	“Shareholders’ Agreement” means the shareholders’ agreement dated 3 June 2015
entered into among the Parties to regulate the affairs of the Company and the respective rights of the Existing Shareholders as shareholders
of the Company, as amended and supplemented by the Addendum, the 30 November 2020 Supplemental Agreement, the April 2021 Supplemental
Agreement, and any further written variations or supplemental agreements entered into among the Parties and Ithaca from time to time,
and as acceded to by Loop pursuant to a deed of ratification and accession dated 1 December 2020; and

 

		8.2.20	“Shares” means the Ordinary Shares.

 

		9.	[Reserved]

 

		10.	Release and Discharge

 

10.1            Subject
to the Ithaca Closing and the Closing taking place and RJG and FWE providing the Confirmation, and notwithstanding the provisions of clause
13 of the Shareholders’ Agreement, the Remaining Party hereby, as of the date on which RJG and FWE provides the Confirmation (such
date, the “Effective Date”), fully and finally releases and discharges RJG and FWE from the further observance and
performance of the Shareholders’ Agreement and from any suits, disputes, actions, causes of action, claims for relief (in law or
in equity), debts, liens, agreements, liabilities, claims, demands, of any nature whatsoever, known or unknown, which the Remaining Party
had, now has or hereafter may have (whether jointly or severally) against the Sellers, arising out of or in connection with the subject-matter
of the Shareholders’ Agreement (including, for the avoidance of doubt, any liability which has accrued to the Sellers or which is
attributable to the period prior to the Effective Date in connection with the Shareholders Agreement).

 

10.2            Subject
to Ithaca Closing and the Closing taking place and RJG and FWE providing the Confirmation, and notwithstanding the provisions of clause
13 of the Shareholders’ Agreement, each of RJG and FWE hereby, as of the Effective Date, fully and finally release and discharge
the Remaining Party from the further observance and performance of the Shareholders’ Agreement and from any suits, disputes, actions,
causes of action, claims for relief (in law or in equity), debts, liens, agreements, liabilities, claims, demands, of any nature whatsoever,
known or unknown, which the Sellers had, now has or hereafter may have against the Remaining Party, arising out of or in connection with
the subject-matter of the Shareholders’ Agreement (including, for the avoidance of doubt, any liability which has accrued to each
of the Remaining Party or which is attributable to the period prior to the Effective Date in connection with the Shareholders Agreement).

 

    	 	4

     

    

 

11.            Amendment
of Shareholders’ Agreement

 

Subject to the Ithaca Closing and the
Closing taking place and RJG and FWE providing the Confirmation, the Shareholders’ Agreement shall be varied and amended with effect
from the Effective Date such that all references, obligations, rights and benefits in relation to RJG and FWE in the Shareholders’
Agreement shall, only insofar as they relate or refer to RJG and FWE, be extinguished and shall cease to have effect among the Parties.

 

12.            [Reserved]

 

13.            Execution
of Instruments

 

The Parties shall execute any and all
instruments and documents and perform any and all such further acts and things as may be necessary or desirable so that full effect may
be given to the provisions of this Supplemental Agreement.

 

		14.	Miscellaneous

 

14.1            This
Supplemental Agreement shall be governed by and construed in accordance with the laws of Singapore.

 

14.2            This
Supplemental Agreement and the Shareholders' Agreement shall always be read in conjunction with each other and together contain the whole
agreement among the Parties relating to the subject matter of the Shareholders' Agreement and Supplemental Agreement as at the date hereof.

 

14.3            Except
to the extent expressly set out in the provisions of this Supplemental Agreement, the terms and conditions of the Shareholders’
Agreement remain and shall continue in full force and effect. The Shareholders’ Agreement and the relevant provisions of this Supplemental
Agreement shall be read and construed as one document and this Supplemental Agreement shall, where applicable, be considered to be part
of the Shareholders’ Agreement.

 

14.4            In
the event of a conflict between the provision(s) of this Supplemental Agreement and the provision(s) of the Shareholders' Agreement,
the provision(s) of this Supplemental Agreement shall prevail.

 

14.5            A
person who is not a party to this Supplemental Agreement has no right under the Contracts (Rights of Third Parties) Act, Chapter 53B of
Singapore to enforce any term of, or enjoy any benefit under, this Supplemental Agreement.

 

14.6            Each
Party shall bear all legal and other professional costs and expenses incurred by it in the preparation, negotiation, finalisation and
execution of this Supplemental Agreement.

 

14.7            Each
Party confirms that they have been given the opportunity to review and consider this Supplemental Agreement (including the opportunity
to seek independent legal advice in relation to and/or in connection with all the matters provided for in this Supplemental Agreement),
and agree, having considered the terms of this Supplemental Agreement and the Shareholders' Agreement as a whole, that the terms of this
Supplemental Agreement are fair and reasonable.

 

14.8            This
Supplemental Agreement may be entered into in any number of counterparts, all of which taken together shall constitute one and the same
instrument. Any Party may enter into this Supplemental Agreement by signing any such counterpart.

 

    	 	5

     

    

 

In witness whereof this Supplemental Agreement
has been entered into as a Deed on the date stated at the beginning.

 

	RJG	
     
	 
	 
	SIGNED, SEALED and DELIVERED by
	 
	Robert John Graham
	 
	in the presence of:

 

	 	 
	Witness’ signature:	 
	Name:	 
	Address:	 

 

     

     

    

 

	FWE	 	 
	 	 
	THE COMMON SEAL of	 
	 	 
	Far West Entertainment HK Limited	 
	 	 
	was hereunto affixed in the presence of:	 

 

	 	 
	Director	 
	 	 
	 	 
	 	 
	Director/Secretary	 

 

     

     

    

 

	Loop	
     

     
	 
	 	 
	SIGNED SEALED and DELIVERED by	 
	 	 
	 	 
	 	 
	as attorney for and on behalf of	 
	 	 
	Loop Media, Inc.	 
	 	 
	in the presence of:	 

 

	 	 	 
	 	 	 
	Witness’ signature	 	 
	Name:	 	 
	Address:	 	 

 

     

     

    

 

	The Company	 	 
	 	 
	THE COMMON SEAL of	 
	 	 
	EON Media Group Pte. Ltd.	 
	 	 
	was hereunto affixed in the presence of:	 

 

	 	 
	 	 
	Director	 
	 	 
	 	 
	 	 
	Director/SecretaryExhibit 10.3

 

CONVERTIBLE
NOTE AND WARRANT PURCHASE AND SECURITY AGREEMENT

 

This CONVERTIBLE NOTE AND
WARRANT PURCHASE AND SECURITY AGREEMENT (this "Agreement") is dated as of April 1, 2020, between Loop Media, Inc.,
a Nevada corporation (the "Company"), and each purchaser identified on the signature pages hereto, whether such
purchaser is or becomes a signature as of the Initial Closing or any Subsequent Closing (each, including its successors and assigns, a
"Purchaser" and collectively, the "Purchasers").

 

R E C I T A L S:

 

WHEREAS,
subject to the terms and conditions set forth in this Agreement and pursuant to Section 4(a)(2) under the Securities Act of
1933, as amended, and the rules and regulations promulgated thereunder (the "Securities Act"), and Rule 506(b) promulgated
thereunder, the Company is issuing, in a private placement, (i) up to $3,000,000 in principal amount (the "Aggregate Offering
Amount") of Senior Secured Promissory Notes, with a minimum Subscription Amount of $250,000 (the "Offering"),
in substantially the form attached to this Agreement as Exhibit A (the "Note" or "Notes")
and (ii) Common Stock warrants (the “Warrants”) in substantially the form of Warrant attached to this Agreement
as Exhibit B with an aggregate exercise price of $750,000, aggregate exercisable warrant shares of 272,727 shares (the
“Warrant Shares”), and upon the terms and conditions contained in the form of Warrant attached to this Agreement as
Exhibit B;

 

WHEREAS,
the Note shall be convertible on the terms stated therein into Common Stock (the “Note Shares”). The Notes, Note Shares,
Warrants and Warrant Shares are collectively referred to herein as the "Securities;"

 

WHEREAS,
the Company desires, at the Initial Closing or any Subsequent Closing during the Offering Period, to issue and sell to each Purchaser,
and each Purchaser, severally and not jointly, desires to purchase from the Company, the Note and the Warrant as more fully described
in this Agreement; and

 

WHEREAS,
in addition to the terms defined elsewhere in this Agreement, for all purposes of this Agreement, the terms contained herein have the
meanings set forth in Appendix 1.

 

NOW,
THEREFORE, in consideration of the mutual covenants contained in this Agreement, and for other good and valuable consideration
the receipt and adequacy of which are hereby acknowledged, the Company and each Purchaser agree as follows:

 

		1.	The Offering; Offering Period; No Minimum Offering.

 

(a)           The
offer and sale of the Notes and the Warrants by the Company to the Purchasers shall occur at one or more Closings of the Offering to occur
during a period (the "Offering Period") beginning on December 1, 2020 and ending on the first to occur of: (a) June 30,
2021; (b) the date on which the Aggregate Offering Amount is raised by the Company in the Offering; or (c) the date on which
the Company, in its sole and absolute discretion, elects to terminate the Offering (it being agreed that no notice to the Purchasers shall
be required in connection with such termination by the Company). The Offering Period may be extended for an additional thirty (30) days
in the sole discretion of the Company.

 

(b)          Each
Purchaser expressly acknowledges and agrees that the Company shall not be obligated, and may be unable, to sell the Aggregate Offering
Amount, and that the Offering is being undertaken on a "best efforts/no minimum" basis only, meaning that the Company may, and
shall have the absolute right in its sole discretion, to sell any amount of Notes or Warrants in the Offering, including for less than
the Aggregate Offering Amount and/or less than the amount of Warrants referred to in the recitals to this Agreement. Each Purchaser acknowledges
that they have been informed that they should not purchase any Note or Warrant in the expectation that any specific aggregate amount is
to be raised in the Offering.

 

    

     

    

 

		2.	Purchase and Sale: Closing; Deliverables.

 

(a)          Subject
to the terms and conditions of this Agreement, the Company agrees to sell to the Purchaser, and the Purchaser agree to purchase from the
Company, a Note in substantially the form attached hereto as Exhibit A in the principal amount set forth on the signature page hereto.
The Note will be convertible into Note Shares upon the terms and conditions contained in the form of Note attached hereto as Exhibit A.

 

(b)          Subject
to the terms and conditions of this Agreement, the Company agrees to sell to the Purchaser, and the Purchaser agrees to purchase from
the Company, a Warrant (the “Warrant”) in substantially the form attached hereto as Exhibit B for a purchase price,
as set forth in the signature page hereto. The Warrant will be exercisable for Warrant Shares upon the terms and conditions contained
in the form of Warrant attached hereto as Exhibit B.”

 

(c)          The
Company may conduct one or more Closings during the Offering Period. The initial Closing of the Offering (the "Initial Closing")
shall occur on December 1 , 2020, subject to the satisfaction of the conditions set forth herein. The Company may, in its sole discretion
and subject to the satisfaction of the conditions set forth herein, conduct subsequent Closings of the Offering (each, a "Subsequent
Closing") until the conclusion of the Offering Period. Purchasers signing a counterpart signature page to this Agreement
as of a Closing Date shall become parties to this Agreement only as of such Closing Date.

 

(d)          The
Initial Closing and Subsequent Closings of the purchase and sale of the Notes and Warrants shall take place remotely by the exchange of
documents and signatures prior to or on the Closing Date. At the Closing, the Company shall deliver to the Purchasers the Note and the
Warrant against: (i) payment of such Purchaser's Subscription Amount for the Note and the Warrant Purchase Price for the Warrant,
via wire transfer or a certified check, in immediately available funds, as set forth on the signature page hereto; and (ii) delivery
of counterpart signature pages to this Agreement, the Note, and the Warrant.

 

3.           Representations,
Warranties and Covenants of the Company. Except as set forth in the Disclosure Schedules, which Disclosure Schedules shall be
deemed a part hereof and shall qualify any representation or otherwise made herein to the extent of the disclosure contained in the corresponding
section of the Disclosure Schedules, and except as disclosed in the SEC Reports (as defined below), the Company hereby makes the following
representations and warranties to each Purchaser:

 

(a)           Subsidiaries;
Organization and Qualification; Authorization; Enforcement. The Company does not have any direct or indirect subsidiaries. The Company
is an entity duly incorporated or otherwise organized, validly existing and in good standing under the laws of Nevada, with the requisite
power and authority to own and use its properties and assets and to carry on its business as currently conducted. The Company is not in
violation nor default of any of the provisions of its articles of incorporation, bylaws or other organizational or charter documents.
The Company is duly qualified to conduct business and is in good standing as a foreign corporation or other entity in each jurisdiction
in which the nature of the business conducted or property owned by it makes such qualification necessary, except where the failure to
be so qualified or in good standing, as the case may be, could not have or reasonably be expected to result in a Material Adverse Effect
and no Proceeding has been instituted in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail
such power and authority or qualification. The Company has the requisite corporate power and authority to enter into and to consummate
the transactions contemplated by the Transaction Documents and otherwise to carry out its obligations thereunder. Each Transaction Document
to which it is a party will constitute the valid and binding obligation of the Company enforceable against the Company in accordance with
its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium
and other laws of general application affecting enforcement of creditors' rights generally; (ii) as limited by laws relating to the
availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution
provisions may be limited by applicable law.

 

    	 	2	 

     

    

 

(b)           No
Conflicts. The execution, delivery and performance by the Company of the Transaction Documents to which it is a party, the issuance
and sale of the Note and the Warrant and the consummation by it of the transactions contemplated hereby and thereby do not and will not
conflict with or violate any provision of the Company's articles of incorporation, bylaws or other organizational or charter documents.

 

(c)          Filings,
Consents and Approvals; Issuance of the Notes and Warrants. Except for those that have already been obtained, the Company is not required
to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration with, any court or other
federal, state, local or other governmental authority or other Person in connection with the execution, delivery and performance by the
Company of the Transaction Documents, other than: (i) the filings required by the Commission related to the Securities in this offering
and (ii) such filings as are required to be made under applicable state securities laws. The Note, when issued, sold and delivered
against payment therefor in accordance with the provisions of this Agreement, and the Note Shares to be issued upon conversion of the
Note, when issued in compliance with the provisions of the Transaction Documents, will be duly and validly issued, fully paid and nonassessable
and free of any Liens and issued in compliance with all applicable federal and state securities laws.  The Warrant, when issued,
sold and delivered against payment therefor in accordance with the provisions of this Agreement, and the Warrant Shares to be issued upon
exercise of the Warrant, when issued in compliance with the provisions of the Transaction Documents, will be duly and validly issued,
fully paid and nonassessable and free of any Liens and issued in compliance with all applicable federal and state securities laws.

 

(d)           Capitalization.
The capitalization of the Company is as set forth in the SEC Reports. Except as set forth in the SEC Reports, there are no outstanding
options, warrants, scrip rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities, rights or
obligations convertible into or exercisable or exchangeable for, or giving any Person any right to subscribe for or acquire, any shares
of Common Stock.

 

(e)          SEC
Reports; Financial Statements. Except as disclosed in the Company's SEC Reports, the Company has filed all reports, schedules, forms,
statements and other documents required to be filed or submitted by the Company under the Securities Act and the Exchange Act, including
pursuant to Section 13(a) or 15(d) thereof, for the 12 months preceding the date hereof (the foregoing materials, including
the exhibits thereto and documents incorporated by reference therein, being collectively referred to herein as the "SEC Reports")
on a timely basis or has received a valid extension of such time of filing and has filed any such SEC Reports prior to the expiration
of any such extension. The financial statements of the Company included in the SEC Reports comply in all material respects with applicable
accounting requirements and the rules and regulations of the Commission with respect thereto as in effect at the time of filing.
Such financial statements have been prepared in accordance with United States generally accepted accounting principles applied on a consistent
basis during the periods involved ("GAAP"), except as may be otherwise specified in such financial statements or the
notes thereto and except that unaudited financial statements may not contain all footnotes required by GAAP, and fairly present in all
material respects the financial position of the Company as of and for the dates thereof and the results of operations and cash flows for
the periods then ended, subject, in the case of unaudited statements, to normal, immaterial, year-end audit adjustments.

 

    	 	3	 

     

    

 

(f)            Material
Changes; Undisclosed Events, Liabilities or Developments. Except as specifically disclosed in an SEC Report filed prior to the date
hereof, except for the issuance of the Notes and the Warrants contemplated by this Agreement or except as set forth on Schedule
3.1(f), there has been no event, occurrence or development that has had or that could reasonably be expected to result in a Material
Adverse Effect.

 

(g)           Intellectual
Property. The Company has, or has rights to use, all patents, patent applications, trademarks, trademark applications, service marks,
trade names, trade secrets, inventions, copyrights, licenses and other intellectual property rights and similar rights as described in
the SEC Reports as necessary or required for use in connection with its business and which the failure to so have could have a Material
Adverse Effect.

 

4.            Representations
and Warranties of the Purchasers. Each Purchaser hereby represents to the Company as of the date hereof and as of each Closing
that:

 

(a)           Authorization.
Such Purchaser has full power and authority to enter into this Agreement and the other Transaction Documents. This Agreement and the
other Transaction Documents, when executed and delivered by such Purchaser, and assuming the due execution and delivery by its counterparties
thereto, will constitute a valid and legally binding obligation of such Purchaser, enforceable in accordance with its terms, except as
limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, and any other laws of general application
affecting enforcement of creditors' rights generally, and as limited by laws relating to the availability of a specific performance,
injunctive relief, or other equitable remedies.

 

(b)           Purchase
Entirely for Own Account. This Agreement and the other Transaction Documents are made with the Purchasers in reliance upon each Purchaser's
representation to the Company, which, by such Purchaser's execution of this Agreement and the other Transaction Documents, such Purchaser
hereby confirms, that the Securities to be acquired by such Purchaser will be acquired for investment for such Purchaser's own account,
not as a nominee or agent, and not with a view to the resale or distribution of any part thereof,
and that such Purchaser has no present intention of selling, granting any participation in, or otherwise distributing the same. By executing
this Agreement and the other Transaction Documents, each Purchaser further represents that such Purchaser does not presently have any
contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third
person, with respect to any of the Securities. No Purchaser has been formed for the specific purpose of acquiring any of the Securities.

 

(c)          Disclosure
of Information/Acknowledgement of High Risks. Each Purchaser is aware of the Company's business affairs and financial condition and
has acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Securities. Each
Purchaser has had an opportunity to discuss the Company's business, management, financial affairs and the terms and conditions of the
offering of the Note and the Warrant with the Company's management. Each Purchaser understands that such discussions, and any other written
information delivered by the Company to such Purchaser, were intended to describe the aspects of the Company's business which such Purchaser
believes to be material. The Purchasers further acknowledge that the investment to purchase the Note and the Warrant involves a high
degree of risk, and each Purchaser is prepared to lose such Purchaser's entire investment. Each Purchaser acknowledges that it has made
its own examination of the Company and the terms of the offering, including the merits and risks involved in making an investment in
the Company. Each Purchaser further acknowledges that any projections the Purchasers may have received from the Company are forward looking
statements which involve risks and uncertainties. Any projections are based solely upon the good faith opinion of the Company. The Company
makes no representations as to the degree of predictability of the prospects. Each Purchaser further acknowledges that it understands
that the Company is an early stage business, has a limited operating history, which makes it difficult for it to forecast its future
results. Further, each Purchaser acknowledges that the Company's business is highly competitive and the Company may be required to raise
additional capital or debt.

 

    	 	4	 

     

    

 

(d)           Investment
Experience. Each Purchaser is an investor in securities of companies in the development stage and acknowledges that it is able to
fend for itself, can bear the economic risk of its investment and has such knowledge and experience in financial or business matters
that it is capable of evaluating the merits and risks of the investment in the Securities.

 

(e)           Restricted
Securities. Each Purchaser understands that the Securities have not been, and will not be, registered under the Securities Act, by
reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona
fide nature of the investment intent and the accuracy of such Purchaser's representations as expressed herein. Each Purchaser understands
that the Securities are "restricted securities" under applicable U.S. federal and state securities laws and that, pursuant
to these laws, such Purchaser must hold the Securities indefinitely unless they are registered with the Securities and Exchange Commission
and qualified by state authorities, or an exemption from such registration and qualification requirements is available. The Purchasers
acknowledge that the Company has no obligation to register or qualify the Securities for resale. The Purchasers further acknowledge that
if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited
to, the time and manner of sale, the holding period for the Securities, and on requirements relating to the Company which are outside
of any Purchaser's control, and which the Company is under no obligation and may not be able to satisfy.

 

(f)           No
Public Market. The Purchasers understand that no public market now exists for the Notes or the Warrants, and that the Company has
made no assurances that a public market will ever exist for the Notes or the Warrants.

 

(g)           Accredited
Investor. Each Purchaser is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities
Act. Each Purchaser shall furnish any additional information requested by the Company or any of its affiliates to assure compliance with
applicable U.S. federal and state securities laws in connection with the purchase and sale of the Securities, including an executed copy
of an Accredited Investor Questionnaire provided by the Company. Purchaser represents that any such document is true, complete and accurate
in all respects.

 

(h)           No
General Solicitation. Each Purchaser, and its officers, directors, employees, agents, stockholders or partners have not either directly
or indirectly, including through a broker or finder, solicited offers for or offered or sold the Securities by means of any form of general
solicitation or general advertising within the meaning of Rule 502 of Regulation D under the Securities Act or in any manner involving
a public offering within the meaning of Section 4(a)(2) of the Securities Act. Each Purchaser acknowledges that neither the
Company nor any other person offered to sell the Securities to it by means of any form of general solicitation or advertising within the
meaning of Rule 502 of Regulation D under the Securities Act or in any manner involving a public offering within the meaning of Section 4(a)(2) of
the Securities Act.

 

(i)            Residence.
If a Purchaser is an individual, then such Purchaser resides in the state or province identified in the address shown on such Purchaser's
signature page hereto. If a Purchaser is a partnership, corporation, limited liability company or other entity, then such Purchaser's
principal place of business is located in the state or province identified in the address shown on such Purchaser's signature page hereto.

 

    	 	5	 

     

    

 

5.            Events
of Default. Upon the occurrence and continuance of an Event of Default (as defined in the Note), the Purchasers shall have the
rights and remedies set forth in the Note.

 

6.            Miscellaneous.

 

(a)           Successors
and Assigns. Except as otherwise provided herein, the terms and conditions of this Agreement will inure to the benefit of, and be
binding upon, the respective successors and permitted assigns of the parties. Neither the Purchaser nor the Company may assign its rights
or obligations under this Agreement without the written consent of the other party.

 

(b)           Governing
Law. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed,
construed, interpreted and enforced in accordance with the laws of the State of Nevada, without giving
effect to principles of conflicts of law.

 

(c)           Counterparts.
This Agreement may be executed in counterparts, each of which will be deemed an original, but all of which together will be deemed to
be one and the same agreement. Counterparts may be delivered via facsimile, email (including PDF or any electronic signature complying
with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method, and any counterpart so delivered
will be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

(d)           Titles
and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing
or interpreting this Agreement.

 

(e)           Notices.
All notices and other communications given or made pursuant hereto will be in writing and will be deemed effectively given: (i) upon
personal delivery to the party to be notified; (ii) when sent by confirmed email prior to 5:00 p.m. on a business day, otherwise
on the immediately following business day; (iii) five (5) days after having been sent by registered or certified mail, return
receipt requested, postage prepaid; or (iv) three (3) days after deposit with a nationally recognized overnight courier, specifying
next day delivery, with written verification of receipt. All communications will be sent to the respective parties at the addresses shown
on the signature pages hereto (or to such email address or other address as subsequently modified by written notice given in accordance
with this Section 6(e).

 

(f)            Finder's
Fee. Each party represents that it neither is nor will be obligated for any finder's fee or commission in connection with this transaction.
Each Purchaser agrees to indemnify and to hold harmless the Company from any liability for any commission or compensation in the nature
of a finder's fee (and the costs and expenses of defending against such liability or asserted liability) for which such Purchaser or
any of its officers, employees or representatives is responsible. The Company agrees to indemnify and hold harmless the Purchasers from
any liability for any commission or compensation in the nature of a finder's fee (and the costs and expenses of defending against such
liability or asserted liability) for which the Company or any of its officers, employees or representatives is responsible.

 

(g)           Amendments
and Waivers. Any term of this Agreement or the Note may be amended and the observance of any term of this Agreement or the Note may
be waived (either generally or in a particular instance and either retroactively or prospectively) with the written consent of the Company
and the Purchasers of more than 50% of the of the aggregate principal balance of the Notes then outstanding. Any waiver or amendment
effected in accordance with this Section 6(g) will be binding upon each party to this Agreement and each holder of the Note
purchased under this Agreement then outstanding and each future holder of the Note.

 

    	 	6	 

     

    

 

(h)           Severability.
If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such
provision in good faith, in order to maintain the economic position enjoyed by each party as close as possible to that under the provision
rendered unenforceable. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision,
then: (i) such provision shall be excluded from this Agreement; (ii) the balance of the Agreement shall be interpreted as if
such provision were so excluded; and (iii) the balance of the Agreement shall be enforceable in accordance with its terms.

 

(i)            Transfer
Restrictions. Without in any way limiting the representations
and warranties set forth in this Agreement, each Purchaser shall not make any disposition of all or any portion of the Securities unless
and until the transferee has agreed in writing for the benefit of the Company to make the representations and warranties set out in Section 4
and:(A) there is then in effect a registration statement under the Securities Act covering such proposed disposition, and such disposition
is made in connection with such registration statement; or (B) such Purchaser has: (1) notified the Company of the proposed
disposition; (2) furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition; and (3) if
requested by the Company, furnished the Company with an opinion of counsel reasonably satisfactory to the Company that
such disposition will not require registration under the Securities Act.

 

The Purchasers shall not make
any disposition of any of the Securities to the Company's competitors, as determined in good faith by the Company.

 

Notwithstanding the foregoing
or any other provision in this Agreement to the contrary, each Purchaser may transfer this Agreement and the Securities to an Affiliate.
For purposes of this Agreement, an individual, firm, corporation, partnership, association, limited liability company, trust or any other
entity (collectively, a "Person") shall be deemed an "Affiliate" of another Person who, directly or
indirectly, controls, is controlled by or is under common control with such Person, including, without limitation, any general partner,
managing member, officer, director or trustee of such Person, or any venture capital fund or registered investment company now or hereafter
existing that is controlled by one or more general partners, managing members or investment advisers of, or shares the same management
company or investment adviser with, such Person. Upon any such transfer, the Company shall take such actions as may be necessary from
time to time (or as may be reasonably requested by the Purchaser) to effect the transfer of the Securities or portion hereof.

 

(ii)            Legends.Each
Purchaser understands and acknowledges that the Securities may bear the following legend:

 

THIS INSTRUMENT AND THE SECURITIES
ISSUABLE UPON THE CONVERSION OR EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE "ACT"). THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR UPON RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL SATISFACTORY TO
THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER THE ACT.

 

    	 	7	 

     

    

 

(j)            Entire
Agreement. This Agreement and the other Transaction Documents constitute the full and entire understanding and agreement between
the parties with regard to the subjects hereof and thereof.

 

(k)           Waiver
of Jury Trial. EACH PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS
AGREEMENT, THE SECURITIES OR THE SUBJECT MATTER HEREOF OR THEREOF. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY
AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING, WITHOUT
LIMITATION, CONTRACT CLAIMS, TORT CLAIMS (INCLUDING NEGLIGENCE), BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS.
THIS SECTION HAS BEEN FULLY DISCUSSED BY EACH OF THE PARTIES HERETO, AND THESE PROVISIONS WILL NOT BE SUBJECT TO ANY EXCEPTIONS.
EACH PARTY HERETO HEREBY FURTHER REPRESENTS AND WARRANTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT SUCH
PARTY KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.

 

(l)            Expenses.
Each party will pay all costs and expenses that it incurs with respect to the negotiation, execution, delivery and performance of this
Agreement and the other Transaction Documents.

 

(m)          Security.
As security for the full and timely payment of the Note and the performance by the Company of the obligations under the Note, the Company
agrees that each Purchaser will have, and concurrently with the execution and delivery of the Note, the Company hereby grants to and
creates in favor of all Purchasers of the Note, a lien and security interest in all of the Company's present and future assets and properties,
real or personal, tangible or intangible, wherever located, including products and proceeds thereof (collectively, the "Collateral")
under the Uniform Commercial Code as in effect in the State of Nevada on the date hereof and as amended from time to time. The security
interest in the Collateral granted by the Company to the Purchasers under this Agreement: (i) will be on a pari passu basis with
all future secured debt holders; and (ii) is subordinate to any and all: (A) liens for taxes which are not delinquent or are
being contested in good faith; (B) deposits or pledges to secure obligations under worker's compensation, social security or similar
laws; (C) statutory liens of landlords and liens of carriers, warehousemen, mechanics, materialmen and other liens imposed by law
created in the ordinary course of business for amounts not yet due or which are being contested in good faith and (D) indebtedness
for borrowed money in an aggregate principal amount not to exceed $400,000, which is outstanding on the date of this Agreement, as such
indebtedness may be amended or extended from time to time.

 

(n)           Purchasers
Agent. Each Purchaser hereby appoints ________________ ("Purchasers' Agent") as its agent and attorney-in-fact
for the purpose of signing and filing any uniform commercial code financing statements (and any amendments and/or continuations thereof)
or other documents in any jurisdictions and filing offices as Purchasers' Agent considers necessary or appropriate to perfect or enhance
the Purchasers' security interest in the Collateral granted hereunder and under the Note, or to deliver any notices required thereunder.
Furthermore, and without limiting the foregoing, the Company shall execute and/or deliver, from time to time, as Purchasers' Agent, in
its capacity as agent for the Purchasers, may reasonably require for the benefit of Purchasers to evidence, perfect or protect Purchasers'
liens and security interests in the Collateral, any agreements, documents, instruments and writings, including, without limitation, financing
statements, security agreements, pledge agreements, and amendments, continuations or supplements to any of the foregoing.

 

[Signature Pages Follow]

 

    	 	8	 

     

    

 

IN
WITNESS WHEREOF, parties hereto have executed this Convertible Note and Warrant Purchase and Security Agreement as of the date
first set forth above.

 

	LOOP MEDIA, INC.	 	Address for Notice:
	 	 	
    

    700 N. Central Avenue, Suite 430

    Glendale, CA 91203

    Email: jon@loop.tv

	 	 	 	 
	By:	 	/s/ Jon
    Niermann                 	 
	 	 	Name: Jon Niermann	 
	 	 	Title: CEO and Co-Founder	 
	
     

    With a copy to:
	 
	 	 
	
    Patrick J. Sheil

    34 S Erie Avenue, Suite 4

    Montauk, New York 11954

    Email: patrick@loop.tv
	 	 

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

SIGNATURE PAGE FOR PURCHASER FOLLOWS]

 

    S-1

     

    

 

PURCHASER SIGNATURE PAGE TO LOOP MEDIA, INC.

CONVERTIBLE NOTE AND WARRANT PURCHASE AND SECURITY
AGREEMENT

 

IN
WITNESS WHEREOF, the undersigned have caused this Convertible Note and Warrant Purchase and Security Agreement to be duly executed
by their respective authorized signatories as of the date first indicated above.

 

	Name of Purchaser: 	  	Excel Family Partnership, LLLP 

 

	
    Signature of
    Authorized Signatory of Purchaser:
	 	/s/ Bruce Cassidy	 
	 	 	 	 
	Name of Authorized Signatory (if applicable):	 	Fortress Holdings;
Bruce A. Cassidy, Sr. 	 
	 	 	 	 
	Title of Authorized Signatory (if applicable):	 	Manager	 
	 	 	 	 
	Email Address of Authorized Signatory:	 	[ ] 	 
	 	 	 	 
	
    Address for Purchaser: 
	 	[ ]	 

 

	 	 	 
	 
	 
	Subscription Amount: $800,000
	 
	
    Number of Warrant Shares for which the Warrant
is initially exercisable = 72,727

	 
	
    Warrant Purchase Price: $3,000

	 
	 
	Social Security or EIN Number: ________

 

    S-2

     

    

 

 

Appendix 1

 

DEFINITIONS

 

"Audited Financial
Statements" means the Company's audited year-end financial statements for the years ended December 31, 2020 and 2019, as
filed under the Exchange Act, pursuant to Section 13(a) or 15(d) thereof and included in the SEC Reports.

 

"Closing"
means any closing of the purchase and sale of the Note and Warrant pursuant to this Agreement, including the Initial Closing and any Subsequent
Closing.

 

"Closing Date"
means, in connection with any Closing, the Trading Day on which all of the Transaction Documents have been executed and delivered by the
applicable parties thereto, and all conditions precedent to: (i) the applicable Purchasers' obligations to pay the Subscription Amount;
and (ii) the Company's obligations to deliver the Note and Warrant, in each case, have been satisfied or waived.

 

"Commission"
means the United States Securities and Exchange Commission.

 

"Common Stock"
means the common stock of the Company, par value $0.0001 per share, and any other class of securities into which such securities may hereafter
be reclassified or changed.

 

"Disclosure Schedules"
means the Disclosure Schedules of the Company attached hereto and delivered concurrently herewith.

 

"Exchange Act"
means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

"Liens"
means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

"Material Adverse
Effect" means any of the following: (i) a material adverse effect on the legality, validity or enforceability of any Transaction
Document; (ii) a material adverse effect on the results of operations, assets, business, prospects or condition (financial or otherwise)
of the Company and the Subsidiaries, taken as a whole; or (iii) a material adverse effect on the Company's ability to perform in
any material respect on a timely basis its obligations under any Transaction Document.

 

"Person"
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company,
joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

"Proceeding"
means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial proceeding,
such as a deposition), whether commenced or threatened.

 

"Subscription
Amount" means, as to each Purchaser, the aggregate principal amount of the Note purchased hereunder as specified below such Purchaser's
name on the signature page of this Agreement and next to the heading "Subscription Amount," in United States dollars.

 

"Trading Day"
means a day on which the Pink Open Market operated by OTC Markets Group, Inc. (or any successors thereof) is open for trading.

 

    A-1

     

    

 

"Transaction Documents"
means this Agreement, the Note, the Warrant and all exhibits and schedules hereto or thereto, and any other documents or agreements executed
in connection with the transactions contemplated hereunder.

 

“Warrant Purchase
Price” means, as to each Purchaser, the aggregate purchase price amount per Warrant purchased hereunder as specified below
such Purchaser's name on the signature page of this Agreement and next to the heading "Warrant Purchase Price," in United
States dollars.

 

    A-2

     

    

 

EXHIBIT A

 

FORM OF NOTE

 

THIS INSTRUMENT AND THE SECURITIES ISSUABLE UPON
THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). THEY MAY NOT
BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER
THE ACT OR UPON RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER THE
ACT.

 

SENIOR SECURED PROMISSORY NOTE

 

Date of Issuance

 

	US $[ ]	 	[ ]

 

FOR
VALUE RECEIVED, Loop Media, Inc., a Nevada corporation (the “Company”), hereby promises to pay to [Name]
and their permitted assigns (each individually, a “Holder” and collectively, the “Holders”), the
principal sum of US $[ ] (the “Principal Amount”). The Issuer further promises to pay interest on the outstanding Principal
Amount from time to time, in the manner and at the rates specified in Section 2 hereof. In no
event shall this Note be construed to require payment of interest in an amount in excess of the maximum allowed by law, and if such payment
is made by the Company, then such excess sum shall be credited by the Holders as a payment of principal. This Note evidences a commercial
loan made for business purposes.

 

This Senior Secured Promissory Note (including
all Senior Secured Promissory Notes issued in exchange, transfer or replacement hereof) (this “Note” and, together
with all other Senior Secured Promissory Notes issued by the Company pursuant to a Note Purchase and Security Agreement in the aggregate
principal amount of up to $3,000,000.00 (the “Financing”), collectively, the “Notes”), is issued
pursuant to that certain Note Purchase and Security Agreement dated as of the date of issuance set forth above (the "Issue Date")
by and between the Company and the Holder (the “Purchase Agreement”). Certain capitalized terms used herein are defined
in Section 4.2. Capitalized terms used but not defined herein shall have the meanings set forth in the Purchase Agreement.

 

7.             Payment
of Principal.  Unless converted into Common Stock ("Conversion Shares"),
the entire principal amount of this Note, plus accrued and unpaid Interest, will be due and payable by the Company on December 1,
2022 (the “Maturity Date”). The Company shall have the privilege and option, in its sole and absolute discretion,
without penalty or forfeiture, to pay the entire principal amount of this Note or any part thereof, together with accrued and unpaid
Interest, at any time prior to the Maturity Date. All payments of principal and Cash Interest will be made in cash in lawful money of
the United States of America paid and delivered, in immediately available funds, at the principal office of such Holder, or at such other
place as such Holder may from time to time designate in writing to the Company.

 

8.             Interest;
Interest Rates.  During the term of this Note: (a) interest of four percent (4%) per annum shall accrue on the outstanding
Principal Amount from and including the Issue Date and be payable in cash (“Cash Interest”); and (b) interest
of six percent (6%) per annum shall accrue on the outstanding Principal Amount from and including the Issue Date and be payable in shares
of Common Stock ("Shares") in arrears (“PIK Interest,” and together with Cash Interest, "Interest").
All Interest will be computed on the basis of a 360-day year of twelve (12) 30-day months. Interest hereunder will be paid to the Holder
or its permitted assignee in whose name this Note is registered on the records of the Company.

 

    1

     

    

 

2.1            Cash
Interest Payments. Cash Interest for the period from the Issue Date to November 30, 2021 is payable in advance at the Issue Date.
Six (6) months of Cash Interest is payable in arrears on June 1, 2022. Six (6) months of Cash Interest is payable in arrears
on the Maturity Date.

 

2.2            PIK
Interest Payments. PIK Interest is payable on June 1, 2021, December 1, 2021, June 1, 2022 and the Maturity Date (each,
a “PIK Interest Payment Due Date”). The number of Shares to be issued on a PIK Interest Payment Due Date is equal to:
(a) the amount of PIK Interest accrued as of such date, divided by the average of the VWAP of Common Stock during each Trading Day
during the ten (10) Trading Day period ending one (1) Trading Day prior to the PIK Interest Payment Due Date. For purposes of
this Note, "VWAP" shall mean the daily dollar volume-weighted average sale price for Common Stock on the Pink Open Market
or other market operated by OTC Markets Group, Inc. on any particular Trading Day (during the period beginning at such time as such
market publicly announces is the official open of trading, and ending at such time as such market publicly announces is the official close
of trading), as reported by Bloomberg Financial Markets (or if the Company is unable to gain access to Bloomberg Financial Markets information
or if such market is not reported by Bloomberg Financial Markets, as reasonably determined by the Company, using share price information
and volume reported on the OTC Markets website, taking the average price of the high, low and closing prices per share for a given day
and multiplying by the daily trading volume for such day, for each day during the VWAP period and dividing the sum of all VWAP calculations
for each day by the total trading volume for the entire VWAP period). All such determinations of VWAP shall be appropriately and equitably
adjusted in accordance with the provisions set forth herein.

 

9.             Security. 
Payment and performance of this Note and the other Notes, and all other obligations of the Company hereunder are secured by a security
interest granted under the Purchase Agreement from the Company in favor of the Holders (the “Security Interest”),
and the Holders shall be entitled to all of the benefits of the
Security Interest.

 

10.           Certain
Events. 

 

(a)            PIK
Interest Penalty. If Shares are not listed on a national securities exchange prior to the Maturity Date, the Company shall issue the
Holder an amount of Shares equal to fifteen percent (15%) of the Holder's then outstanding Principal Amount divided by the average of
the VWAP of Common Stock during each Trading Day during the thirty (30) Trading Day period ending one (1) Trading Day prior to the
Maturity Date.

 

(b)            Definitions.

 

(i)            “Amount
Due” means, at any date of determination, the sum of the outstanding Principal Amount plus all accrued and unpaid Interest thereon.

 

(ii)           "Change
of Control” means any of the following events or series of related events: (i) the sale, lease, exchange, license or other
transfer of all or substantially all of the Company's assets (determined on a consolidated basis) to any Person or group (as such term
is used in Section 13(d)(3) of the Exchange Act); (ii) the transfer, directly or indirectly, to any Person or group (as
such term is used in Section 13(d)(3) of the Exchange Act) of beneficial ownership (as defined in Rule 13d-3 under the
Exchange Act) of more than 50% of the aggregate voting power of the fully diluted equity interests in the Company (but excluding for the
purposes of the calculation of the fully diluted equity interests in the Company, any Conversion Shares that would be issued on conversion
of the Notes); or (iii) any merger, or other similar transaction to which the Company is a party as a result of which the shareholders
of the Company immediately prior to such transaction beneficially own less than 50% of the aggregate voting power of the fully diluted
equity interests in the surviving Person (or, if the Common Stock is exchanged for or otherwise converted into common equity of another
Person in such transaction, the successor company) (but excluding for the purposes of the calculation of the fully diluted equity interests
in the Company, any Conversion Shares that would be issued on conversion of the then outstanding Principal Amount of issued Notes and
any accrued and unpaid Interest thereon). Notwithstanding the foregoing, a bona fide equity financing transaction in which the Company
is the surviving corporation and the proceeds of such transaction are not be used to repurchase or redeem capital stock of the Company
shall not be deemed to be a Change of Control.

 

    2

     

    

 

(iii)          "Change
of Control Effective Date” means the date on which a Change of Control occurs.

 

(iv)         “Change
of Control Notice” means a notice from the Company to the Holder stating: (i) that a Change of Control is anticipated to
occur and that describes the material financial terms of such Change of Control; and (ii) the anticipated Change of Control Effective
Date with respect to such Change of Control.

 

(v)          "IPO
Conversion Price” means, with respect to a Qualified IPO: (i) the public offering price per share of the Common Stock in
the Qualified IPO multiplied by (ii) one (1) minus twenty percent (20%).

 

(vi)         "Qualified
IPO” means a bona fide underwritten public offering of Common Stock: (i) in which such stock is listed on the Nasdaq Stock
Market or New York Stock Exchange; and (ii) for gross proceeds at least equal to the initial principal amount of the Notes.

 

(g)            Maturity
Date Conversion Option. On the Maturity Date, the Holder by notice to the Company in accordance with Section 4.6(a) shall
have the option to convert all or part of the Amount Due, and if less than all, then not less than one half of the Amount Due (the "Conversion
Amount"), into an amount of Shares equal to the Conversion Amount divided by the average of the VWAP of Common Stock during each
Trading Day during the thirty (30) Trading Day period ending one (1) Trading Day prior to the Maturity Date.

 

(h)            Change
of Control Conversion Option. Upon a Change of Control, the Holder shall have the option to convert the Conversion Amount into Shares.
The Company shall deliver to the Holder a Change of Control Notice no less than thirty (30) days prior to any anticipated Change of Control
Effective Date. The Holder will be required to make any applicable election (a “Change of Control Election”) with respect
to the Note in writing by notice to the Company no later than the tenth (10th) day after delivery of the applicable Change of Control
Notice (the “Change of Control Election Deadline”). Following delivery of such Change of Control Notice, the Company
shall provide the Holder with such information regarding the terms of such Change of Control as they may reasonably request, subject to
any restrictions on the Company pursuant to any applicable confidentiality agreement. Any such election to convert the Note in connection
with a Change of Control shall be irrevocable once delivered to the Company. If the Holder timely delivers a Change of Control Election,
the Conversion Amount shall automatically convert immediately prior to the Change of Control Effective Date into an amount of Shares equal
to the Conversion Amount divided by the average of the VWAP of Common Stock during each Trading Day during the ten (10) Trading Day
period ending one (1) Trading Day prior to the Change of Control Effective Date.

 

    3

     

    

 

(i)             Mandatory
Conversion. In the event of a Qualified IPO, but subject to the closing of such Qualified IPO, the Amount Due shall convert
in full on the closing date of such Qualified IPO into a number of Shares equal to (a) the Amount Due on such closing date divided
by (b) the applicable IPO Conversion Price.

 

(j)             Mechanics
of Conversion.

 

(i)            Maturity
Date Notice. To exercise their Maturity Date conversion right set forth in Section 4.3 above: (i) the Holder shall transmit
by electronic mail (or otherwise deliver), for receipt on or prior to 5:00 p.m. PST, on or prior to thirty (30) days prior to the
Maturity Date (the "Notice Date"), a copy of an executed notice of conversion setting forth the amount of the Amount
Due that the Holder desires to convert (the “Conversion Notice”) to the Company; and (ii) the Holder shall surrender
this Note to a reputable common carrier for delivery to the Company (or shall provide an indemnification undertaking with respect to this
Note in the case of its loss, theft or destruction) on or prior to the Notice Date.

 

(ii)     No
Fractional Shares. No fractional shares of the Company’s capital stock will be issued upon conversion of this Note. In lieu
of any fractional share to which a Holder would otherwise be entitled, the Company will pay to such Holder in cash the amount of the unconverted
principal and interest balance of this Note that would otherwise be converted into such fractional share.

 

(iii)          Release
of Company. Upon full or partial conversion of this Note, the Company will be forever released from all of its obligations and liabilities
under this Note with regard to the Amount Due being converted including, without limitation, the obligation to pay such portion of the
Amount Due.

 

(iv)          Delivery
of Shares. As promptly as practicable after the conversion of this Note and the issuance of the Conversion Shares, the Company (at
its expense) will instruct its transfer agent to deliver the Conversion Shares to the Holder. The Company will not be required to instruct
the transfer agent to deliver the Conversion Shares until the Holder has surrendered this Note to the Company (or provided an instrument
of cancellation or affidavit of loss).

 

(k)            Impairment.
The Company will not, by amendment of its articles of incorporation or through any reorganization, transfer of assets, consolidation,
conversion, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance
of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist
in the carrying out of all the provisions of this Section 4 and this Note in the taking of all such action as may be
necessary or appropriate in order to protect the conversion right against impairment.

 

11.           Voting
Rights. The Holder shall have no shareholder voting rights as the holder of this Note.

 

12.           Default. 
If there shall be any Event of Default hereunder, at the option and upon the declaration of the Holder and upon written notice to the
Company, this Note shall accelerate and all principal and Interest accrued hereon shall become due and payable. The occurrence of any
one or more of the following shall constitute an Event of Default:

 

    4

     

    

 

(a)            The
Company fails to pay timely any of the principal or accrued Interest due under this Note on the date the same becomes due and payable,
subject to a five (5) business day cure period for the payment of any Interest;

 

(b)           The
Company shall default in its performance of any covenant or agreement under the Purchase Agreement or this Note and such default continues
for a period of twenty (20) days after written notice or the Company becoming aware thereof;

 

(c)            The
Company's Board of Directors or shareholders adopt a resolution for the liquidation, dissolution or winding up of the Company;

 

(d)           The
Company files any petition or action for relief under any bankruptcy, reorganization, insolvency or moratorium law or any other law for
the relief of, or relating to, debtors, now or hereafter in effect, or makes any assignment for the benefit of creditors or takes any
corporate action in furtherance of any of the foregoing; or

 

(e)           A
decree or an order for relief is entered by a court having jurisdiction against or with respect to the Company in an involuntary case
under the federal bankruptcy laws or any state insolvency or similar laws ordering: (a) the liquidation of the Company; (b) a
reorganization of the Company or the Company’s business and affairs; or (c) the appointment of a receiver, liquidator, assignee,
custodian, trustee, or similar official for the Company or any of the Company’s property; and, in
any such event, the failure to have such decree, order or appointment discharged or dismissed within sixty (60) days from the date of
entry.

 

13.           Miscellaneous. 

 

(a)            Transfers;
Successors and Assigns. Except as provided in Section 6(i)(i) of the Purchase Agreement, this Note may not be offered,
encumbered, sold, assigned or transferred by the Holder without the prior written consent of the Company. Any offer, sale, assignment
or other transfer of this Note is also subject to the restrictive legends on this Note. The terms and conditions of this Note will inure
to the benefit of, and be binding upon, the respective successors and permitted assigns of the parties;
provided, however, that the Company may not assign its obligations under this Note without the written consent of the Holders of more
than 50% of the aggregate Principal Amount then outstanding..

 

(b)           Governing
Law. This Note will be governed by and construed in accordance with the internal laws of the State of Nevada without giving
effect to any choice or conflict of law provision or rule.

 

(c)            Counterparts.
This Note may be executed in counterparts, each of which will be deemed an original, but all of which
together will be deemed to be one and the same agreement. Counterparts may be delivered via facsimile, electronic mail (including PDF
or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com)
or other transmission method, and any counterpart so delivered will be deemed to have been duly and validly delivered and be valid and
effective for all purposes.

 

(d)            Titles
and Subtitles. The titles and subtitles used in this Note are included for convenience only and are not to be considered in
construing or interpreting this Note.

 

(e)            Notices.
All notices and other communications given or made pursuant hereto must be in accordance with Section 6(e) of the Purchase Agreement.

 

(f)            Entire
Agreement; Amendments and Waivers. This Note, together with the Purchase Agreement, constitute the full and entire understanding
and agreement between the parties with regard to the subject hereof. Any term of this Note may be amended and the observance of any term
may be waived (either generally or in a particular instance and either retroactively or prospectively) with the written consent of the
Company and the Holders of more than 50% of the aggregate Principal Amount then outstanding. Any waiver or amendment effected in accordance
with this Section 7.6 will be binding upon the Company, the Holders, and each future holder of the Note.

 

    5

     

    

 

(g)            Severability.
If one or more provisions of this Note are held to be unenforceable under applicable law, such provisions will be excluded from this Note
and the balance of this Note will be interpreted as if such provisions were so excluded and this Note will be enforceable in accordance
with its terms.

 

(h)            Repayment
Parity Among Holders. In the event that the Company is obligated to repay the Note and does not have sufficient funds to repay
the Note in full, payment shall be made to the Holders of the Notes on a pro rata basis. The
preceding sentence shall not, however, relieve the Company of its obligations to the Holders hereunder. Further
Assurances. From time to time, the parties will execute and deliver such additional documents and will provide such additional information
as may reasonably be required to carry out the terms of this Note and any agreements executed in connection herewith.

 

(i)             Officers
and Directors not Liable. In no event will any officer or director of the Company be liable for any amounts due and payable pursuant
to this Note.

 

. Upon receipt by the Company
of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Note or any Note exchanged for it, and indemnity
satisfactory to the Company (in case of loss, theft or destruction) or surrender and cancellation of such Note (in the case of mutilation),
the Company will make and deliver in lieu of such Note a new Note of like tenor.

 

(j)             Certain
Waivers. The Company hereby expressly and irrevocably waives presentment, demand, protest, notice of protest and all other notices
in connection with this Note.

 

(k)            Waiver
of Jury Trial. EACH PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF
THIS NOTE, THE CONVERSION SHARES, THE PURCHASE AGREEMENT OR THE SUBJECT MATTER HEREOF OR THEREOF. THE SCOPE OF THIS WAIVER IS INTENDED
TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING,
WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS (INCLUDING NEGLIGENCE), BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY
CLAIMS. THIS SECTION HAS BEEN FULLY DISCUSSED BY EACH OF THE PARTIES HERETO, AND THESE PROVISIONS WILL NOT BE SUBJECT TO ANY EXCEPTIONS.
EACH PARTY HERETO HEREBY FURTHER REPRESENTS AND WARRANTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT SUCH
PARTY KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.

 

[SIGNATURE PAGES FOLLOW]

 

    6

     

    

 

In witness whereof, the undersigned
has executed this Senior Secured Promissory Note as of the date first written above.

 

 

	LOOP MEDIA, INC.	Address for Notice:
	 	 
	 	700 N. Central Avenue, Suite 430
	 	Glendale, CA 91203
	 	Email: [ ]
	 	 
	By:	 	 
	 	Name:	[ ]	 
	 	Title:	[ ]	 
	 	 
	 	 
	With a copy to:	 
	 	 
	[ ]	 

 

    7

     

    

 

 

EXHIBIT B

 

FORM OF WARRANT

 

NEITHER THIS WARRANT, NOR
THE SECURITIES ISSUABLE UPON EXERCISE HEREOF, HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT OF 1933"), OR QUALIFIED UNDER THE CALIFORNIA CORPORATE SECURITIES LAW OF 1968 OR OTHER APPLICABLE SECURITIES LAWS ("STATE
SECURITIES LAWS"), AND THIS WARRANT HAS BEEN, AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF, WILL BE, ACQUIRED FOR INVESTMENT
AND NOT WITH A VIEW TO, OR FOR RESALE IN CONNECTION WITH, ANY DISTRIBUTION THEREOF. NO SUCH SALE OR OTHER DISPOSITION MAY BE MADE
WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 AND QUALIFICATION UNDER STATE SECURITIES LAWS RELATED THERETO
OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY (AS THAT TERM IS DEFINED BELOW) AND ITS COUNSEL, THAT SAID REGISTRATION
AND QUALIFICATION ARE NOT REQUIRED UNDER THE SECURITIES ACT OF 1933 AND STATE SECURITIES LAWS, RESPECTIVELY, OR UNLESS SOLD PURSUANT TO
RULE 144 UNDER THE SECURITIES ACT OF 1933.

 

LOOP MEDIA, INC.

 

COMMON STOCK WARRANT

 

Aggregate Exercise Price: $[ ]

Aggregate Exercisable Warrant Stock: [ ]

 

Issue Date: [ ]

Warrant Number: CSWCN # [ ]

 

This certifies that [Name]
(the "Investor"), or any party to whom this Common Stock Warrant (this "Warrant") is assigned in
compliance with the terms hereof (Investor and any such assignee being hereinafter sometimes referenced as "Holder"),
is entitled to subscribe for and purchase the number of shares of fully paid and nonassessable Warrant Stock (as such term is described
below) of Loop Media, Inc., a Nevada corporation (the "Company"), that has an aggregate purchase price equal to
the Aggregate Exercise Price (as defined below). The purchase price of each such share of Warrant Stock shall be equal to the Warrant
Exercise Price (as defined below). This Warrant may be exercised during the period commencing upon the date first written above and ending
on the earliest of: (a) 5:00 p.m., Pacific Time on December 1, 2022; (b) immediately prior to the closing of a Qualified
IPO (an "Initial Public Offering") pursuant to an effective registration statement under the Securities Act of 1933,
as amended (the "Securities Act"); or (c) a Change of Control (as defined below).

 

    8 

     

    

 

ARTICLE I

DEFINITIONS

 

1.1            "Aggregate
Exercise Price" means $[ ].

 

1.2            "Change
of Control" means any of the following events or series of related events: (i) the sale, lease, exchange, license
or other transfer of all or substantially all of the Company's assets (determined on a consolidated basis) to any Person or group (as
such term is used in Section 13(d)(3) of the Exchange Act); (ii) the transfer, directly or indirectly, to any Person or
group (as such term is used in Section 13(d)(3) of the Exchange Act) of beneficial ownership (as defined in Rule 13d-3
under the Exchange Act) of more than 50% of the aggregate voting power of the fully diluted equity interests in the Company (but excluding
for the purposes of the calculation of the fully diluted equity interests in the Company, any Common Stock that would be issued on conversion
of the Notes); or (iii) any merger, or other similar transaction to which the Company is a party as a result of which the shareholders
of the Company immediately prior to such transaction beneficially own less than 50% of the aggregate voting power of the fully diluted
equity interests in the surviving Person (or, if the Common Stock is exchanged for or otherwise converted into common equity of another
Person in such transaction, the successor company) (but excluding for the purposes of the calculation of the fully diluted equity interests
in the Company, any Common Stock that would be issued on exercise of the Warrants). Notwithstanding the foregoing, a bona fide equity
financing transaction in which the Company is the surviving corporation and the proceeds of such transaction are not be used to repurchase
or redeem capital stock of the Company shall not be deemed to be a Change of Control.

 

1.3 "Common Stock"
means the common stock of the Company, par value $0.0001 per share, and any other class of securities into which such securities may hereafter
be reclassified or changed.

 

1.4 "Exchange Act"
means the United States Securities Exchange Act of 1934, as amended.

 

1.3            "Holder"
shall have the meaning set forth in the introductory paragraph of this Warrant.

 

1.4            "Initial
Public Offering" shall have the meaning set forth in the introductory paragraph of this Warrant.

 

1.5            "Investor"
shall have the meaning set forth in the introductory paragraph of this Warrant.

 

1.5        "Notes"
means the up to $3,000,000 principal amount of Senior Secured Promissory Notes initially issued on December 1, 2020 and
convertible into Common Stock.

 

1.6            "Other
Stock" means the securities of the Company into which Warrant Stock may be converted pursuant to the terms of Warrant
Stock, which may include but not be limited to another class or series of common stock of the Company, but only if the terms of the Warrant
Stock provide for such conversion.

 

1.7         "Person"
means any person, firm, company, corporation, government, state or agency of a state or any association, trust or partnership (whether
or not having separate legal personality) or two or more of the foregoing.

 

1.8            "Rights"
means any options, warrants, or rights to purchase common stock or convertible securities.

 

1.9            "Qualified
IPO” means a bona fide underwritten public offering of Common Stock: (i) in which such stock is listed on the Nasdaq Stock
Market or New York Stock Exchange; and (ii) for gross proceeds at least equal to the aggregate principal amount of the Notes issued.

 

    9 

     

    

 

1.9            "Securities
Act" shall have the meaning set forth in the introductory paragraph of this Warrant.

 

1.10          "Warrant
Exercise Price" means $2.75.

 

1.11          "Warrant
Stock" means the Common Stock.

 

ARTICLE II

EXERCISE AND PAYMENT

 

2.1            Exercise.
The purchase rights represented by this Warrant may be exercised by Holder, in whole or in part, by the surrender of this Warrant at the
principal office of the Company, accompanied by the form of Notice of Exercise attached hereto as Exhibit A, and by
the payment to the Company, by cash or by certified, cashier's or other check acceptable to the Company, or forgiveness of any debt owed
by the Company to Holder, of an amount equal to the aggregate Warrant Exercise Price (rounded up to the nearest whole cent) of the shares
being purchased.

 

2.2            Automatic
Conversion. If the Warrant Stock issuable under this Warrant has been automatically converted into Other Stock, this Warrant
shall automatically convert into a right to purchase Other Stock, and the Warrant Exercise Price shall be divided by the number of shares
of Other Stock which were received upon conversion of one share of such Warrant Stock at the time of such automatic conversion.

 

2.3            Stock
Certificates. In the event of any exercise of the rights represented by this Warrant, unless the Company's common stock is
held in book-entry only form, in which case the Company's transfer agent shall provide a statement of holdings, certificates for the shares
of Warrant Stock so purchased shall be delivered to Holder within a reasonable time and, unless this Warrant has been fully exercised
or has expired, a new Warrant representing the remaining unexercised portion hereof shall also be issued to Holder at such time. Notwithstanding
the date of the delivery of the certificate(s) for such Warrant Stock, the person in whose name the certificate(s) for such
Warrant Stock are to be issued shall be deemed to have become a stockholder of record on the next succeeding day on which the transfer
books are open after the date of the appropriate Notice of Exercise is received by the Company.

 

2.4            Stock
Fully Paid; Reservation of Shares. The Company covenants and agrees that all Warrant Stock which may be issued upon the exercise
of the rights represented by this Warrant (any Other Stock receivable upon any conversion of Warrant Stock) will, upon issuance, be fully
paid and nonassessable and free from all taxes, liens and charges with respect to the issue thereof (excluding taxes based on the income
of Holder). The Company further covenants and agrees that during the period within which the rights represented by this Warrant may be
exercised, the Company will at all times use its best efforts to have authorized and reserved for issuance a sufficient number of shares
of its Warrant Stock or other securities as would be required upon the full exercise of the rights represented by this Warrant.

 

2.5            Fractional
Shares. No fractional share of Warrant Stock will be issued in connection with any exercise hereof; in lieu of a fractional
share upon complete exercise hereof, Holder may purchase a whole share by delivering payment equal to the appropriate portion of the then
effective Warrant Exercise Price.

 

    10 

     

    

 

ARTICLE III

CERTAIN ADJUSTMENTS OF NUMBER OF

SHARES PURCHASABLE AND WARRANT EXERCISE PRICE

 

The number and kind of securities
purchasable upon the exercise of this Warrant and the Warrant Exercise Price shall be subject to adjustment from time to time upon the
happening of certain events, as follows:

 

3.1            Reclassification,
Consolidation or Merger. In case of, after the Warrant Stock is determinable: (a) any reclassification or change of outstanding
securities issuable upon exercise of this Warrant; (b) any consolidation or merger of the Company with or into another corporation
(other than a merger with another corporation in which the Company is a continuing corporation and which does not result in any reclassification,
change or exchange of outstanding securities issuable upon exercise of this Warrant); or (c) any sale or transfer to another corporation
of all, or substantially all, of the assets of the Company, in each case which does not constitute a Change of Control, then, and in each
such event, the Company or such successor or purchasing corporation, as the case may be, shall execute a new Warrant of like form, tenor
and effect and which will provide that Holder shall have the right to exercise such new Warrant and purchase upon such exercise, in lieu
of each share of Warrant Stock theretofore issuable upon exercise of this Warrant, the kind and amount of securities, money and property
receivable upon such reclassification, change, consolidation, merger, sale or transfer by a holder of one share of Warrant Stock issuable
upon exercise of this Warrant had this Warrant been exercised immediately prior to such reclassification, change, consolidation, merger,
sale or transfer. Such new Warrant shall be as nearly equivalent in all substantive respects as practicable to this Warrant and the adjustments
provided in this Article III and the provisions of this Section 3.1, shall similarly apply to successive reclassifications,
changes, consolidations, mergers, sales and transfers.

 

3.2            Subdivision
or Combination of Shares. If the Company shall at any time while this Warrant remains outstanding and less than fully exercised:
(a) divide its Warrant Stock, the number of shares into which this Warrant shall be exercisable shall be proportionately increased
and the Warrant Exercise Price shall be proportionately reduced; or (b) shall combine shares of its Warrant Stock, the number of
shares into which this Warrant shall be exercisable shall be proportionately decreased and the Warrant Exercise Price shall be proportionately
increased.

 

3.3            Adjustments
for Dividends in Stock or other Securities or Property. If while this Warrant, or any portion hereof, remains outstanding and
less than fully exercised Holders of the securities as to which purchase rights under this Warrant exist at the time shall have received,
or, on or after the record date fixed for the determination of eligible stockholders, shall have become entitled to receive, without payment
therefor, other or additional stock or other securities or property (other than cash) of the Company by way of dividend, then and in each
case, this Warrant shall represent the right to acquire, in addition to the number of shares of the security receivable upon exercise
of this Warrant, and without payment of any additional consideration therefor, the amount of such other or additional stock or other securities
or property (other than cash) of the Company which such holder would hold on the date of such exercise had it been the holder of record
of the security receivable upon exercise of this Warrant on the date hereof and had thereafter, during the period from the date hereof
to and including the date of such event, retained such shares and/or all such other additional stock during such period, giving effect
to all adjustments called for during such period by the provisions of this Section 3.3.

 

    11 

     

    

 

3.4           Time
of Adjustments to the Warrant Exercise Price. All adjustments to the Warrant Exercise Price and the number of shares purchasable
hereunder, unless otherwise specified herein, shall be effective as of the earlier of:

 

(a)            the
effective date of a division or combination of shares; and

 

(b)            the
record date of any action of holders of any class of the Company's equity taken for the purpose of entitling holders of Warrant Stock
to receive a distribution or dividend payable in securities of the Company, provided that such division, combination, distribution or
dividend actually occurs.

 

3.5           Notice
of Adjustments. In each case of an adjustment in the Warrant Exercise Price and the number of shares purchasable hereunder,
the Company, at its expense, shall cause the Chief Financial Officer of the Company to compute such adjustment and prepare a certificate
setting forth such adjustment and showing in detail the facts upon which such adjustment is based. The Company shall promptly mail a copy
of each such certificate to Holder pursuant to Section 6.7 hereof.

 

3.6           Duration
of Adjusted Warrant Exercise Price. Following each adjustment of the Warrant Exercise Price, such adjusted Warrant Exercise
Price shall remain in effect until a further adjustment of the Warrant Exercise Price.

 

3.7           Adjustment
of Number of Shares. Upon each adjustment of the Warrant Exercise Price pursuant to this Article III, the number of shares
of Warrant Stock purchasable hereunder shall be adjusted to the nearest whole share, to the number obtained by dividing the Aggregate
Exercise Price by the Warrant Exercise Price as adjusted.

 

ARTICLE IV

TRANSFER, EXCHANGE AND LOSS

 

4.1            Transfers.
Subject to applicable law, this Warrant is transferable on the books of the Company at its principal office by the registered
Holder hereof upon surrender of this Warrant properly endorsed, subject to compliance with federal and state securities laws. The Company
shall issue and deliver to the transferee a new Warrant or Warrants representing the Warrants so transferred. Upon any partial transfer,
the Company will issue and deliver to Holder a new Warrant or Warrants with respect to the Warrants not so transferred, at Holder’s
cost and expense. Notwithstanding the foregoing, Holder shall not be entitled to transfer a number of shares or an interest in this Warrant
representing less than fifty percent (50%) of the Aggregate Exercise Price initially covered by this Warrant. Any transferee shall be
subject to the same restrictions on transfer with respect to this Warrant as the Investor.

 

4.2            Securities
Laws. If required by the Company, in connection with each issuance of shares of Warrant Stock upon exercise of this Warrant,
Holder will give: (a) assurances in writing, satisfactory to the Company, that such shares are being purchased solely for Holder's
own account and not as a nominee for any other party, for investment and not with a view to the distribution thereof in violation of applicable
laws, (b) sufficient information, in writing, to enable the Company to rely on exemptions from the registration or qualification
requirements of applicable laws, if available, with respect to such exercise, and (c) its cooperation to the Company in connection
with such compliance.

 

    12 

     

    

 

4.3            Exchange.
This Warrant is exchangeable at the principal office of the Company for Warrants which represent, in the aggregate, Holder's rights to
purchase the number of shares of Warrant Stock at the Warrant Exercise Price, as set forth above, subject to adjustment from time to time
as set forth herein; each new Warrant to represent the right to purchase such portion thereof as Holder shall designate at the time of
such exchange. Each new Warrant shall be identical in form and content to this Warrant, except for appropriate changes in the number of
shares of Warrant Stock covered thereby and any other changes which are necessary in order to prevent the Warrant exchange from changing
the respective rights and obligations of the Company and Holder as they existed immediately prior to such exchange.

 

4.4            Loss
or Mutilation. Upon receipt by the Company of evidence satisfactory to it of the ownership of, and the loss, theft, destruction
or mutilation of, this Warrant and (in the case of loss, theft, or destruction) of indemnity satisfactory to it, and (in the case of mutilation)
upon surrender and cancellation hereof, the Company will execute and deliver in lieu hereof a new Warrant.

 

ARTICLE V

HOLDER RIGHTS

 

5.1            No
Stockholder Rights Until Exercise. No Holder hereof, solely by virtue hereof, shall be entitled to any rights as a shareholder
of the Company. Holder shall have all rights of a stockholder with respect to securities purchased upon exercise hereof as of the date
of such exercise.

 

ARTICLE VI

 

MISCELLANEOUS

 

6.1            Governmental
Approvals. The Company will from time to time take all action which may be necessary to obtain and keep effective any and all
permits, consents and approvals of governmental agencies and authorities and securities acts filings under federal and state laws, which
may be or become requisite in connection with the issuance, sale, and delivery of this Warrant, and the issuance, sale and delivery of
the Warrant Stock or other securities or property issuable or deliverable upon exercise of this Warrant.

 

6.2            Governing
Laws. This Warrant will be governed by and construed in accordance with the laws of the State of California, excluding that
body of laws pertaining to conflict of laws. If any provision of this Warrant is determined by a court of law to be illegal or unenforceable,
such provision will be enforced to the maximum extent possible and the other provisions will remain effective and enforceable. If such
clause or provision cannot be so enforced, such provision shall be stricken from this Warrant, as applicable, and the remainder of this
Warrant, as applicable, shall be enforced as if such invalid, illegal or unenforceable clause or provision had (to the extent not enforceable)
never been contained in this Warrant, as applicable.

 

6.3            Binding
Upon Successors and Assigns. Subject to, and unless otherwise provided in, this Warrant, each and all of the covenants, terms,
provisions, and agreements contained herein shall be binding upon, and inure to the benefit of the permitted successors, executors, heirs,
representatives, administrators and assigns of the parties hereto.

 

6.4            Severability.
If any one or more provisions of this Warrant, or the application thereof, shall for any reason and to any extent be invalid or unenforceable,
the remainder of this Warrant and the application of such provisions to other persons or circumstances shall be interpreted so as best
to reasonably effect the intent of the parties hereto. The parties further agree to replace any such void or unenforceable provisions
of this Warrant with valid and enforceable provisions which will achieve, to the extent possible, the economic, business and other purposes
of the void or unenforceable provisions.

 

    13 

     

    

 

6.5            Amendments,
Waivers, Modifications. This Warrant may be amended only by a written agreement executed by each of the parties hereto. No
amendment of or waiver of, or modification of any obligation under this Warrant will be enforceable unless set forth in a writing signed
by the party against which enforcement is sought. Any amendment effected in accordance with this section will be binding upon all parties
hereto and each of their respective successors and assigns. The failure of any party to enforce any of the provisions hereof shall not
be construed to be a waiver of the right of such party thereafter to enforce such provision as to that or any other instance. No waiver
granted under this Warrant as to any one provision herein shall constitute a subsequent waiver of such provision or of any other provision
herein or therein, nor shall it constitute the waiver of any performance other than the actual performance specifically waived.

 

6.6            Attorneys'
Fees. Should suit be brought to enforce or interpret any part of this Warrant, the prevailing party shall be entitled to recover,
as an element of the costs of suit and not as damages, reasonable attorneys' fees to be fixed by the court (including without limitation,
costs, expenses and fees on any appeal). The prevailing party shall be the party entitled to recover its costs of suit, regardless of
whether such suit proceeds to final judgment. A party not entitled to recover its costs shall not be entitled to recover attorneys' fees.
No sum for attorneys' fees shall be counted in calculating the amount of a judgment for purposes of determining if a party is entitled
to recover costs or attorneys' fees.

 

6.7            Notices.
Any notice, other communication or payment required or permitted hereunder shall be in writing and shall be deemed sufficient upon delivery,
when delivered personally or by overnight courier or sent by e-mail or facsimile (upon customary confirmation of receipt), or forty-eight
(48) hours after being deposited in the U.S. mail as certified or registered mail with postage prepaid, addressed to the party to be notified
at such party's address or fax number as set forth in the Company's records.

 

6.8            No
Endorsement. Holder understands that no federal or state securities administrator has made any finding or determination relating
to the fairness of investment in the Company or purchase of the Warrant Stock hereunder and that no federal or state securities administrator
has recommended or endorsed the offering of securities by the Company hereunder.

 

6.9            Further
Assurances. The Company and Holder each agree to cooperate fully with the other and to execute such further instruments, documents
and agreements and to give such further written assurances, as may be reasonably requested by the other party to better evidence and reflect
the transactions described herein and contemplated hereby, and to carry into effect the intents and purposes of this Warrant.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    14 

     

    

 

INVESTOR ACKNOWLEDGES THAT
IT HAS BEEN ADVISED TO CONSULT ITS OWN TAX ADVISOR WITH SPECIFIC REFERENCE TO ITS OWN TAX SITUATION AND THE POTENTIAL EFFECT OF APPLICABLE
LAWS AND REGULATIONS. THE COMPANY HAS NOT AND DOES NOT PROVIDE ANY ADVICE CONCERNING ANY OF THE POTENTIAL TAX CONSIDERATIONS AND CONSEQUENCES
RELATING TO THE ACQUISITION, OWNERSHIP OR DISPOSITION OF THIS WARRANT OR THE WARRANT STOCK. IN ADDITION, THE COMPANY HAS NOT OBTAINED,
NOR DOES IT INTEND TO OBTAIN, A RULING FROM THE IRS OR AN OPINION OF COUNSEL WITH RESPECT TO ANY TAX CONSEQUENCES OF ACQUIRING, OWNING
OR DISPOSING OF THIS WARRANT OR THE WARRANT STOCK.

 

NEITHER
THE COMPANY, NOR ITS COUNSEL, BAHNSEN LEGAL GROUP, PLLC, IS RESPONSIBLE, NOR DOES EITHER DIRECTLY OR INDIRECTLY ASSUME RESPONSIBILITY,
FOR THE TAX OR LEGAL CONSEQUENCES OF THIS WARRANT OR THE TRANSACTION TO INVESTOR. INVESTOR SHOULD CONSULT ITS OWN TAX AND LEGAL ADVISORS
AS TO THE PARTICULAR TAX AND LEGAL CONSEQUENCES TO IT OF ACQUIRING, HOLDING OR DISPOSING OF THIS WARRANT OR THE WARRANT STOCK, INCLUDING
THE EFFECT AND APPLICABILITY OF FEDERAL, STATE AND LOCAL TAX LAWS.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Common Stock Warrant as of the date first set forth above.

 

		LOOP MEDIA, INC., a Nevada corporation
	 	 	 
	 	By:	 
	 	 	[Name, Title]
	 	 	 
	 	[NAME]
	 	 	 
	 	By:	 
	 	 	[Name, Title]

 

    15 

     

    

 

Exhibit A

 

NOTICE OF EXERCISE OF COMMON STOCK WARRANT

BY PAYMENT OF WARRANT EXERCISE PRICE

 

[Date]

 

	Loop Media, Inc.	Aggregate Exercise Price of Warrant Before Exercise:	$	 
	 		 
	Attention: Chief Executive Officer	Aggregate Exercise Price Being
Exercised:	$	 
	 	 	 
	 	Warrant Exercise Price: per share	$	 
	 	 	 
	 	Number of Shares of Warrant Stock to be Issued Under this Notice:	 
	 	 	 
	 	Remainder Aggregate Price (if any) After
Issuance:	$	 

 

EXERCISE

 

Ladies and Gentlemen:

 

The undersigned registered
Holder of the Common Stock Warrant delivered herewith ("Warrant"), hereby irrevocably exercises such Warrant for, and
purchases thereunder, shares of the Warrant Stock of Loop Media, Inc., a Nevada corporation, as provided below. Capitalized terms
used herein, unless otherwise defined herein, shall have the meanings given in the Warrant. The portion of the Aggregate Exercise Price
(as defined in the Warrant) to be applied toward the purchase of Warrant Stock pursuant to this Notice of Exercise is $________, thereby
leaving a remainder Aggregate Exercise Price (if any) equal to $________. Such exercise shall be pursuant to the exercise provisions of
Section 2.1 of the Warrant. Therefore, Holder makes payment with this Notice of Exercise by way of check or wire transfer payable
to the Company in the amount of $______. Such check or wire transfer is payment in full under the Warrant for __________ shares of Warrant
Stock based upon the Warrant Exercise Price as currently in effect under the Warrant. Holder requests that the shares of Warrant Stock
be issued in the name of ________________________ and delivered to _____________.

 

To the extent the foregoing
exercise is for less than the full Aggregate Exercise Price, a Replacement Warrant representing the remainder of the Aggregate Exercise
Price and otherwise of like form, tenor and effect should be delivered to Holder along with the share certificates evidencing the Warrant
Stock issued in response to this Notice of Exercise.

 

    16 

     

    

  

Disclosure Schedule 3.1(f)

 

Non-Public Information Concerning the Company

 

[None]

 

    17

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