Document:

Exhibit

EXHIBIT 10.2

Execution Version

LIMITED WAIVER AND THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

 
    THIS THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) dated as of September 30, 2016, is by and among AMERICAN MIDSTREAM, LLC, a Delaware limited liability company (the “AMID Borrower”), BLACKWATER INVESTMENTS, INC., a Delaware corporation (the “Blackwater Borrower” and together with the AMID Borrower, the “Borrowers”), AMERICAN MIDSTREAM PARTNERS, LP, a Delaware limited partnership (“Parent”), the other Loan Parties party hereto, BANK OF AMERICA, N.A., as administrative agent (in such capacity, together with its successors in such capacity, the “Administrative Agent”) for the lenders party to the Credit Agreement referred to below (the “Lenders”), and the Lenders party hereto.
R E C I T A L S
A.    The Borrowers, Parent, the Lenders, the Administrative Agent and the other agents referred to therein are parties to that certain Amended and Restated Credit Agreement dated as of September 5, 2014, as amended by that certain First Amendment and Incremental Commitment Agreement dated as of September 18, 2015 and by that Second Amendment to Amended and Restated Credit Agreement and First Amendment to Amended and Restated Guaranty and Collateral Agreement dated as of April 25, 2016 (the “Credit Agreement”) pursuant to which the Lenders have made certain Loans and provided certain Commitments (subject to the terms and conditions thereof) to the Borrowers.
B.    In connection with the Midla Natchez Lateral Project, the AMID Borrower formed American Midstream Midla Financing Holdings, LLC, a Delaware limited liability company (“Midla Financing Holdings”) as of August 25, 2016 as a direct, wholly-owned subsidiary of the AMID Borrower.   
C.    On or about the closing of the Midla Natchez Lateral Debt, Midla Financing Holdings will own 100% of the Equity Interests in Midla Financing.  
D.    The Loan Parties, in accordance with the terms of the Loan Documents, have granted in favor of the Administrative Agent for the benefit of the Secured Parties a first priority perfected pledge of and security interest in the Equity Interests in Delta House FPS LLC, a Delaware limited liability company and the other Collateral as defined in the FPS Pledge Agreement (as defined below) with respect to such Equity Interests (the “Subject Equity”) held by D-Day Offshore Holdings, LLC a Delaware limited liability company.  
E.    In connection with the incurrence of certain Indebtedness to finance certain capital expenditures in respect of Delta House, the Loan Parties have also granted a pledge of and security interest in the Subject Equity to secure such Indebtedness resulting in an Event of Default under Section 8.01(b) of the Credit Agreement as a result of a failure to comply with Sections 7.01 and 7.09 of the Credit Agreement (the “Specified Default”).    

1

US-DOCS\70807458.9

F.    The Borrowers have requested that (a) in connection with the closing of the Midla Natchez Lateral Debt, the Credit Agreement be amended to account for the creation of Midla Financing Holdings as more fully described herein and (b) the Administrative Agent and the Lenders (i) waive the Specified Default and (ii) agree to amend the Credit Agreement to exclude the Subject Equity from the Collateral and permit the Loan Parties to grant liens and security interests thereon in connection with the Delta House Project Debt (as defined below).  
G.     WHEREAS, the Lenders signatory hereto and the Administrative Agent are willing to amend the Credit Agreement and to waive the Specified Default, each as more fully described herein, and upon satisfaction of the conditions set forth herein, this Amendment shall become effective.
NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
Section 1.Limited Waiver.   In reliance on the representations and warranties set forth in this Amendment and effective as of the Third Amendment Effective Date, the Administrative Agent and the Required Lenders party hereto hereby waive the Specified Default. The limited waiver contained in this Section 1 is a one-time waiver applicable solely to the Specified Default but no other Default or Event of Default. 
Section 1.    Defined Terms.  Each capitalized term used herein but not otherwise defined herein has the meaning given such term in the Credit Agreement.  Unless otherwise indicated, all article, schedule, exhibit and section references in this Amendment refer to articles and sections of the Credit Agreement.
1.1    Amendments to Section 1.01 (Defined Terms) of the Credit Agreement.    
(a)    The definition of “Agreement” is hereby amended by deleting the words “and by the Second Amendment” and replacing them with the words “, the Second Amendment and the Third Amendment.”
(b)    The definition of “Consolidated Net Income” is hereby amended by inserting the words “Midla Financing Holdings,” immediately before the words “Midla Financing,”.
(c)    The definition of “Excluded Property” is hereby amended and restated in its entirety as follows:
“Excluded Property” means (i) the Excluded Seacrest Assets, (ii) such interests owned by Blackwater Holdings or the Blackwater Subsidiaries as of the Closing Date with respect to the terminals located in Brunswick, Georgia and Salisbury, Maryland and reasonable expansions thereof, (iii) for so long as the Midla Natchez Lateral Debt is outstanding and is secured by such Equity Interests, Equity Interests in Midla Financing, Midla and MLGT, (iv) Equity Interests in any Person (other than Loan Parties) to the extent a grant of a Lien in respect thereof under the 

2

US-DOCS\70807458.9

Security Documents is not permitted by the terms of such Person’s organizational or joint venture documents, in each case solely to the extent that the applicable Loan Party (y) has previously used commercially reasonable efforts to obtain any required consents to eliminate or waive any such restrictions contained in such organizational or joint venture documents and (z) has not, and will not, directly or indirectly, create, assume, incur or suffer to exist any Lien on or with respect to such Equity Interests, other than Liens permitted under Section 7.01, and (v) the FPS Equity Interests.
(d)    The definition of “Midla Natchez Lateral Debt” is hereby amended by inserting the words “Midla Financing Holdings,” immediately before each appearance of the words “Midla Financing,”.
(e)    The definition of “Subsidiary” is hereby amended by (a) inserting the words “Midla Financing Holdings,” immediately before the words “Midla Financing,” and (b) adding the following sentence at the end of such definition: “For the avoidance of doubt, upon the repurchase, repayment, defeasance or redemption in full of the Midla Natchez Lateral Debt, Parent and the Borrowers shall (and shall cause their respective Subsidiaries to) comply with the provisions of Sections 6.13 and 6.14 with respect to each of Midla Financing Holdings, Midla Financing, Midla and MLGT to the extent such Person constitutes a Subsidiary after giving effect to such repurchase, repayment, defeasance or redemption of the Midla Natchez Lateral Debt.”
(f)    The following definitions are hereby added to Section 1.01 of the Credit Agreement where alphabetically appropriate:
“Delta House FPS” means Delta House FPS LLC, a Delaware limited liability company. 
“Delta House Project Debt” means Indebtedness (other than Indebtedness of a Loan Party) issued or incurred with one or more commercial banks or other financial institutions to finance or facilitate capital expenditures in respect of Delta House which Indebtedness may be secured by, in whole or in part, Delta House and/or the FPS Equity Interests; provided that, for the avoidance of doubt, the “Delta House Project Debt” shall in all cases, except with respect to such FPS Equity Interests, be non-recourse to the Loan Parties. 
“FPS Equity Interests” means (i) the Equity Interests in Delta House FPS which are held by a Loan Party and (ii) the other Collateral as defined in the FPS Pledge Agreement with respect to such Equity Interests. 
“FPS Pledge Agreement” means the Pledge Agreement, dated June 20, 2014, by D-Day Offshore Holdings, LLC and the other Pledgors (as defined therein) to Deutsche Bank Company Americas, as Collateral Agent, as amended, restated, supplemented, joined or otherwise modified as of the Third Amendment Effective Date.

3

US-DOCS\70807458.9

“Midla Financing Holdings” means American Midstream Midla Financing Holdings, LLC, a Delaware limited liability company. 
“Third Amendment” means the Limited Waiver and Third Amendment to Amended and Restated Credit Agreement, dated as of September 30, 2016, by and among the Parent, the Borrowers, the Administrative Agent and the Lenders party thereto.
“Third Amendment Effective Date” has the meaning specified in the Third Amendment.
1.2    Amendments to Section 7.01 (Liens) of the Credit Agreement.  Section 7.01 is hereby amended by (i) deleting the “and” at the end of subsection (y), (ii) deleting the period at the end of subsection (z) and replacing it with an “; and”, and (iii) inserting a new subsection (aa) at the end thereof as follows:
(aa) Liens on the FPS Equity Interests to secure the obligations under the Delta House Project Debt. 
1.3    Amendments to Section 7.02 (Investments) of the Credit Agreement.    
(a)    Section 7.02(c) is hereby amended by inserting the words “Midla Financing Holdings,” immediately before the words “Midla Financing,”.
(b)    Section 7.02(s) is hereby amended and restated in its entirety as follows: 
(s)    for so long as the Midla Natchez Lateral Debt is outstanding, (i) Investments in Midla Financing, Midla and MLGT made as of the Second Amendment Effective Date, (ii) Investments in Midla Financing Holdings made as of the Third Amendment Effective Date and (ii) other Investments in Midla Financing Holdings, Midla Financing, Midla and MLGT in an aggregate amount not to exceed $15,000,000. 
1.4    Amendments to Section 7.09 (Burdensome Agreements) of the Credit Agreement.  Section 7.09 is hereby amended by (i) deleting the “or” after clause (C) of the proviso at the end of subsection (a) and inserting at the end of clause (D) of such proviso “, or (E) with respect to Liens on the FPS Equity Interests, any negative pledge on such Equity Interests incurred with respect to Delta House Project Debt” and (ii) inserting “(other than Liens permitted under Section 7.01(aa))” immediately after the first appearance of the word “Lien” in subsection (b).
Section 2.    Conditions Precedent.  This Amendment shall become effective on the date (the “Third Amendment Effective Date”) on which each of the following conditions is satisfied (or waived in accordance with Section 10.01 of the Credit Agreement):
2.1    Amendment Counterparts.  The Administrative Agent shall have received executed counterparts (in such number as may be requested by the Administrative Agent) of this Amendment from the Administrative Agent, the Collateral Agent, the L/C Issuers, the Required Lenders and the Loan Parties.

4

US-DOCS\70807458.9

2.2    Other Documents.  The Administrative Agent and the Collateral Agent shall have received such other documents as the Administrative Agent, the Collateral Agent or special counsel to the Administrative Agent or Collateral Agent may reasonably request.
Section 3.    Miscellaneous.
3.1    Confirmation.  The provisions of the Loan Documents, as amended by this Amendment, shall remain in full force and effect in accordance with their terms following the effectiveness of this Amendment. 
3.2    Ratification and Affirmation; Representations and Warranties.  Each of the undersigned does hereby adopt, ratify, and confirm each Loan Document to which it is a party, as amended hereby, and its obligations thereunder.  Each of the Loan Parties hereby (a) acknowledges, renews and extends its continued liability under, each Loan Document to which it is a party and agrees that each Loan Document to which it is a party remains in full force and effect, except as expressly amended hereby, notwithstanding the amendments contained herein and (b) represents and warrants to the Lenders that:  (i) as of the date hereof, after giving effect to the terms of this Amendment, all of the representations and warranties contained in each Loan Document to which it is a party are true and correct in all material respects (except for such representations and warranties that have a materiality or Material Adverse Effect qualification, which shall be true and correct in all respects), except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct in all material respects (except for such representations and warranties that have a materiality or Material Adverse Effect qualification, which shall be true and correct in all respects) as of such specified earlier date as supplemented or subject to such qualifications as are set forth in the applicable Schedule(s) as of the Third Amendment Effective Date and (ii) as of the date hereof, after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.
3.3    Loan Document.  This Amendment and each agreement, instrument, certificate or document executed by the Borrowers or any of their respective officers in connection therewith are "Loan Documents" as defined and described in the Credit Agreement and all of the terms and provisions of the Loan Documents relating to other Loan Documents shall apply hereto and thereto.
3.4    Counterparts.  This Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of this Amendment by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart hereof.
3.5    NO ORAL AGREEMENT.  THIS AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES.

5

US-DOCS\70807458.9

3.6    GOVERNING LAW.  THIS AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

6

US-DOCS\70807458.9

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first written above.

AMERICAN MIDSTREAM PARTNERS, LP, 
By: American Midstream GP, LLC, its sole
      general partner
AMERICAN MIDSTREAM, LLC,
AMERICAN MIDSTREAM FINANCE
CORPORATION,
AMERICAN MIDSTREAM MARKETING,
LLC,
AMERICAN MIDSTREAM (ALABAMA 
GATHERING), LLC,
AMERICAN MIDSTREAM (ALABAMA 
INTRASTATE), LLC, 
AMERICAN MIDSTREAM (ALATENN), LLC,
AMERICAN MIDSTREAM (LOUISIANA 
INTRASTATE), LLC,
AMERICAN MIDSTREAM (MISSISSIPPI), 
LLC,
AMERICAN MIDSTREAM (SIGCO 
INTRASTATE), LLC, 
AMERICAN MIDSTREAM (TENNESSEE 
RIVER), LLC,
AMERICAN MIDSTREAM ONSHORE 
PIPELINES, LLC,
AMERICAN MIDSTREAM OFFSHORE 
(SEACREST), LP, 
By: American Midstream, LLC, its 
      general partner
AMERICAN MIDSTREAM (BURNS POINT), 
LLC,
AMERICAN MIDSTREAM CHATOM, LLC,
AMERICAN MIDSTREAM CHATOM UNIT 1,
LLC,
AMERICAN MIDSTREAM CHATOM UNIT 2, 
LLC,
AMERICAN MIDSTREAM MADISON, LLC,
HIGH POINT GAS TRANSMISSION 
HOLDINGS, LLC,
HIGH POINT GAS TRANSMISSION, LLC,
HIGH POINT GAS GATHERING HOLDINGS, 
LLC,
HIGH POINT GAS GATHERING, L.L.C. ,

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

AMERICAN MIDSTREAM (LAVACA), LLC,
CENTANA GATHERING, LLC,
CENTANA OIL GATHERING, LLC,
AMERICAN MIDSTREAM REPUBLIC, LLC,
AMERICAN MIDSTREAM COSTAR, LLC,
AMERICAN MIDSTREAM GAS SOLUTIONS, LP,
By: American Midstream Gas Solutions GP, 
       LLC, its general partner
AMERICAN MIDSTREAM GAS SOLUTIONS GP, LLC,
AMERICAN MIDSTREAM GAS SOLUTIONS LP, LLC,
AMERICAN MIDSTREAM BAKKEN, LLC,
AMERICAN MIDSTREAM PERMIAN, LLC,
AMERICAN MIDSTREAM EAST TEXAS RAIL, LLC,
AMERICAN MIDSTREAM DELTA HOUSE, LLC
AMERICAN MIDSTREAM MESQUITE, LLC
AMERICAN MIDSTREAM TRANSTAR GAS PROCESSING, LLC
AMERICAN MIDSTREAM AMPAN, LLC
AMERICAN MIDSTREAM EMERALD, LLC
AMERICAN MIDSTREAM PINEY WOODS, LLC
AMERICAN MIDSTREAM MIDLA
RECONFIGURATION, LLC
D-DAY OFFSHORE HOLDINGS, LLC

By:   /s/ Eric Kalamaras                       
		
	Name:
	Eric Kalamaras

		
	Title:
	Senior Vice President and Chief Financial Officer

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

AMERICAN MIDSTREAM TERMINALING, LLC
BLACKWATER INVESTMENTS, INC.,
AMERICAN MIDSTREAM BLACKWATER, 
LLC,
BLACKWATER MIDSTREAM CORP.,
BLACKWATER GEORGIA, L.L.C.,
BLACKWATER HARVEY, LLC,
BLACKWATER MARYLAND, L.L.C.,
BLACKWATER NEW ORLEANS, L.L.C. ,

By:   /s/ Eric Kalamaras                                 
		
	Name:
	Eric Kalamaras    

		
	Title:
	Executive Vice President

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

BANK OF AMERICA, N.A.,
as Administrative Agent and Collateral Agent
		
	By: /s/ Kevin L. Ahart                   
	                          

Name:    Kevin L. Ahart
Title:    Vice President

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

BANK OF AMERICA, N.A.,
as a Lender and L/C Issuer 
as a Lender and L/C Issuer 

By: /s/ Adam H. Fey                  __________    
Name: Adam H. Fey
Title:   Director

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

BARCLAYS BANK PLC,
as a Lender

By:  /s/ Jake Lam                    
Name:    Jake Lam    
Title:   Assistant Vice President

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

BNP PARIBAS,
as a Lender

By:  /s/ Ann Rhoads                    
Name:    Ann RHOADS    
Title:   Managing Director

By:  /s/ Vincent Trapet                
Name:    Vincent TRAPET    
Title:    Director

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

Cadence Bank, N.A.
as a Lender

By:  /s/ William W. Brown                
Name:    William W. Brown
Title:   Executive Vice President

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

Capital One, N.A.,
as a Lender

By:  /s/ Matthew Molero                
Name:    Matthew Molero    
Title:    Senior Vice President

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

COMERICA BANK,
as a Lender

By:  /s/ Garrett R. Merrell                
Name:    Garrett R. Merrell    
Title:    Relationship Manager

[for Lenders requiring a second signature block:]

By:                              
Name:        
Title:    

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

Compass Bank,
as a Lender

By:  /s/ Mark H. Wolf                    
Name:    Mark H. Wolf    
Title:   Senior Vice President

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

Deutsche Bank AG – New York Branch,
as a Lender

By:  /s/ Chris Chapman                
Name:    Chris Chapman    
Title:    Director

By:  /s/ Shai Bandner                    
Name:    Shai Bandner    
Title:    Vice President

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

Natixis, New York Branch,
as a Lender

By:  /s/ Jake Lam                    
Name:    Jarrett Price    
Title:   Director

By:  /s/ Brice Le Foyer                
Name:    Brice Le Foyer    
Title:    Director

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

Bank Midwest, a division of NBH Bank,
as a Lender

By:  /s/ Ben W. Suh                    
Name:    Ben W. Suh    
Title:   Vice President

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

Royal Bank of Canada,
as a Lender

By:  /s/ Jay T. Sartain                    
Name:    Jay T. Sartain    
Title:   Authorized Signatory

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

SUNTRUST BANK,
as a Lender

By:  /s/ Carmen Malizia                
Name:    Carmen Malizia    
Title:   Director

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

UBS AG, STAMFORD BRANCH,
as a Lender

By:  /s/ Darlene Arias                    
Name:    Darlene Arias    
Title:   Director

By:  /s/ Denise Bushee                
Name:    Denise Bushee    
Title:   Associate Director

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]

WELLS FARGO BANK, NATIONAL 
ASSOCIATION,
as a Lender

By:  /s/ Jacob L. Osterman                
Name:    Jacob L. Osterman    
Title:   Vice President

[Signature Page to Third Amendment to Amended and Restated Credit Agreement]Exhibit

SECURITIES PURCHASE AGREEMENT

THIS AGREEMENT is made the ____ day of __________________, 2016,

BETWEEN:

FUNCTION(X), INC., a corporation incorporated under the laws of the State of Delaware

(the “Vendor”)

- and -

PERK INC., a corporation incorporated under the laws of the Province of Ontario

(the “Purchaser”)

WHEREAS:
		
	A.
	On February 8, 2016 (the “Viggle Closing Date”), pursuant to a an Asset Purchase Agreement (the “Viggle APA”) entered into between the Vendor and the Purchaser on December 13, 2015, the Purchaser purchased certain assets from the Vendor and in consideration thereof the Purchaser (a) issued to the Vendor 450,468 common shares (“Common Shares”) in the capital of the Purchaser (the “Purchased Shares”); (b) issued to the Vendor 1,000,000 warrants to purchase Common Shares pursuant to a series 1 warrant certificate issued by the Purchaser to the Vendor on the Viggle Closing Date (the “Series 1 Purchased Warrants”); (c) issued to the Vendor 1,000,000 warrants to purchase Common Shares pursuant to a series 2 warrant certificate issued by the Purchaser to the Vendor on the Viggle Closing Date (the “Series 2 Purchased Warrants”, and together with the Purchased Shares and the Series 1 Purchased Warrants, collectively, the “Purchased Securities”); and (d) granted the Vendor the right to receive 2,000,000 Common Shares if certain performance based milestones are achieved by the Purchaser as set out in Section 2.1(b) of the Viggle APA (the “Earn-Out Shares”).

		
	B.
	Further, pursuant to Section 2.6(a) of the Viggle APA 562,500 Common Shares (the “Holdback Shares”, and together with the Earn-Out Shares, collectively, the “Contingent Consideration”) were issued to Computershare Trust Company, N.A. (the “Escrow Agent”) on the Viggle Closing Date exclusively for the purpose of securing the Vendor’s indemnification obligations under the Viggle APA. The Holdback Shares are being held by the Escrow Agent in accordance with the terms of an escrow agreement entered into between the Vendor, the Purchaser and the Escrow Agent on the Viggle Closing Date.  The Escrow Agent shall, pursuant to Section 2.6(b) of the Viggle APA release the Holdback Shares to the Vendor on February 8, 2017, less the number of any Holdback Shares that have been previously, or could be, sold, cancelled or released to any Buyer Indemnified Party to satisfy indemnification claims under Article X of the Viggle APA. 

		
	C.
	Upon the terms and subject to the conditions herein contained the Vendor wishes to sell to the Purchaser for cancellation the Purchased Securities and to forfeit its right to receive the Earn-Out Shares and the Holdback Shares.

		
	D.
	All defined terms not otherwise defined herein, including in Section 5.1 hereof, shall have the meaning attributed thereto in the Viggle APA.

NOW THEREFORE in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the Parties agree as follows:
ARTICLE 1 
PURCHASE AND SALE OF PURCHASED SECURITIES AND FORFEITURE OF CONTINGENT CONSIDERATION
1.1    Purchase and Sale
On the terms and subject to the fulfilment of the conditions of this Agreement, the Vendor agrees to sell, assign and transfer to the Purchaser, and the Purchaser agrees to purchase from the Vendor, on the Closing Date, all of the Purchased Securities.
1.2    Forfeiture of Contingent Consideration
On the terms and subject to the fulfilment of the conditions of this Agreement, effective on the Closing Date, the Vendor, on behalf of itself and its successors and assigns, hereby irrevocably forfeits its right and entitlement to the Earn-Out Shares pursuant to Section 2.1(b) of the Viggle APA and the Holdback Shares pursuant to Section 2.6(b) of the Viggle APA and unconditionally releases and discharges the Purchaser and its successors and assigns of and from any and all actions, causes of action, suits, proceedings, executions, judgments, duties, debts, dues, accounts, bonds, contracts and covenants (whether express or implied), claims and demands whatsoever whether in law or in equity which it may have against the Purchaser, now or in the future, in relation thereto.
1.3    Consideration and Payment
As consideration for the Purchased Securities and the forfeiture and release provided by the Vendor in Section 1.2 hereof, the Purchaser shall pay to the Vendor $1,300,000 United States Dollars (the “Purchase Price”) by wire transfer on the Closing Date.   
ARTICLE 2     
REPRESENTATIONS AND WARRANTIES 
2.1    Representations and Warranties of the Vendor 
The Vendor makes the following representations and warranties to the Purchaser and acknowledges that the Purchaser is relying on such representations and warranties in entering into this Agreement and completing the Transactions: 
(1)    Organization and Existence:  The Vendor is a corporation incorporated, existing and in good standing under the Laws of the jurisdiction of its incorporation. 
(1)    Corporate Action:  The Vendor has taken all necessary corporate action, steps and proceedings to approve or authorize, validly and effectively, the execution and delivery of this Agreement and the other agreements and documents contemplated by this Agreement to which it is a party and to complete the transfer of the Purchased Securities to the Purchaser free and clear of all Encumbrances and to forfeit its right and entitlement to the Contingent Consideration and to cause all necessary meetings of directors and shareholders of the Vendor, as applicable, to be held for such purpose. 
(2)    Validity of Agreement:   
		
	(a)
	The Vendor has all necessary corporate power to own the Purchased Securities and to enter into and perform its obligations under this Agreement, and has all necessary corporate power to enter into and perform its obligations under any other agreements or instruments to be delivered or given by it pursuant to this Agreement.

		
	(b)
	This Agreement and any other agreements entered into pursuant to this Agreement to which the Vendor is a party constitute legal, valid and binding obligations of the Vendor enforceable against it in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency and other Laws affecting the rights of creditors generally and except that equitable remedies may be granted only in the discretion of a court of competent jurisdiction.

(1)    No Violation:  The execution, delivery and performance by the Vendor of this Agreement and any other agreements or instruments to be delivered or given by it pursuant to this Agreement and the consummation of the Transactions and the fulfilment by the Vendor of the terms, conditions and provisions hereof and thereof will not (with or without the giving of notice or lapse of time, or both):
		
	(a)
	contravene or violate or result in a breach or a default under or give rise to a right of termination, amendment or cancellation or the acceleration of any obligations of the Vendor under:

		
	(ii)
	any applicable Law;

		
	(iii)
	any judgment, order, writ, injunction or decree of any Regulatory Authority having jurisdiction over the Vendor;

		
	(iv)
	the Organizational Documents or any resolutions of the board of directors or shareholders (or other equity holders) of the Vendor;

		
	(v)
	any Consent held by the Vendor or necessary to the ownership of the Purchased Securities; or

		
	(vi)
	the provisions of any Contract to which the Vendor is a party or by which the Vendor is, or any of its properties or assets are, bound; or

		
	(b)
	result in the creation or imposition of any Encumbrance on any of the Purchased Securities or on the Vendor’s right to receive any of the Contingent Consideration.

(2)    Restrictive Documents: The Vendor is not subject to, or a party to, any document or by‐law or similar organizational document restriction, any Law, any claim, any stockholders’ agreement, voting trust, contract or instrument, any Encumbrance or any other restriction of any kind or character which would prevent the consummation of the Transactions or compliance with the terms, conditions and provisions of this Agreement and any other agreements or instruments to be delivered or given pursuant to this Agreement, which would restrict the ability of the Purchaser to acquire any of the Purchased Securities, other than as contemplated in the Restrictive Legend, or which would restrict the ability of the Vendor to forfeit its right to receive any of the Contingent Consideration. 
(3)    Government Consents, Approvals, Notices and Filings: No consent or approval of, giving of notice to, making filings with or taking of any action in respect of or by any Regulatory Authority is required to be obtained or given by the Vendor with respect to the execution, delivery or performance by it of this Agreement, any other agreements or instruments to be delivered or given pursuant to this Agreement or the consummation of the Transactions, other than as contemplated in the Restrictive Legend.
(4)    Third Party Consents, Approvals and Notices: No consent or approval of, or notice to, any person is required to be obtained or given by the Vendor with respect to the execution, delivery or performance by the Vendor of this Agreement, any other agreements or instruments to be delivered or given pursuant to this Agreement or the consummation of the Transactions.
(5)    Title to Purchased Securities: The Purchased Securities are owned by the Vendor with good and marketable title thereto, free and clear of all Encumbrances. The Vendor has the right, power and authority to enter into this Agreement and to sell the Purchased Securities as contemplated in this Agreement, other than restrictions on transfer set forth in the Restrictive Legend. All rights and powers to vote the Purchased Shares are held exclusively by the Vendor. The delivery of the Purchased Securities to the Purchaser pursuant to the provisions of this Agreement on the Closing Date will transfer to the Purchaser valid title thereto, free and clear of all Encumbrances.
(6)    Right to Contingent Consideration: The Vendor’s right to receive the Earn-Out Shares and the Holdback Shares pursuant to Section 2.1(b) and Section 2.6(b), respectively is free and clear of all Encumbrances. The Vendor has the right, power and authority to enter into this Agreement and to forfeit its right to the Contingent Consideration as contemplated in this Agreement. 
(7)    Options:  Except for the Purchaser’s right under this Agreement, no person has any option, warrant, right, call, commitment, conversion right, right of exchange or other agreement or any right or privilege (whether by law, pre-emptive or contractual) capable of becoming an option, warrant, right, call, commitment, conversion right, right of exchange or other agreement for the purchase from the Vendor of any of the Purchased Securities or the Vendor’s right to receive the Contingent Consideration.
(8)    Litigation: There are no (i) actions, suits, complaints, claims, investigations, causes of action, subpoenas or proceedings, at Law or in equity, outstanding or, to the knowledge of the Vendor, threatened or pending against the Vendor, or (ii)  orders outstanding against the Vendor which, in either case, prohibit, make illegal or seek to enjoin or restrain the Transactions.
2.2    Representations and Warranties of the Purchaser
The Purchaser hereby makes the following representations and warranties to the Vendor and acknowledges that the Vendor is relying on such representations and warranties in entering into this Agreement and completing the Transactions:
(1)    Organization and Existence:  The Purchaser is a corporation incorporated, existing and in good standing under the Laws of the jurisdiction of its incorporation. 
(2)    Corporate Action:  The Purchaser has taken all necessary corporate action, steps and proceedings to approve or authorize, validly and effectively, the execution and delivery of this Agreement and the other agreements and documents contemplated by this Agreement to which it is a party and to cause all necessary meetings of directors and shareholders of the Purchaser, as applicable, to be held for such purpose. 
(3)    Validity of Agreement  
		
	(a)
	The Purchaser has all necessary corporate power to enter into and perform its obligations under this Agreement, and has all necessary corporate power to enter into and perform its obligations under any other agreements or instruments to be delivered or given by it pursuant to this Agreement.

		
	(a)
	This Agreement and any other agreements entered into pursuant to this Agreement to which the Purchaser is a party constitute legal, valid and binding obligations of the Purchaser enforceable against it in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency and other Laws affecting the rights of creditors generally and except that equitable remedies may be granted only in the discretion of a court of competent jurisdiction.

(4)    No Violation:  The execution, delivery and performance by the Purchaser of this Agreement and any other agreements or instruments to be delivered or given by it pursuant to this Agreement and the consummation of the Transactions and the fulfilment by the Purchaser of the terms, conditions and provisions hereof and thereof will not (with or without the giving of notice or lapse of time, or both):
		
	(a)
	contravene or violate or result in a breach or a default under or give rise to a right of termination, amendment or cancellation or the acceleration of any obligations of the Purchaser under:

		
	(ii)
	any applicable Law;

		
	(iii)
	any judgment, order, writ, injunction or decree of any Regulatory Authority having jurisdiction over the Purchaser;

		
	(iv)
	the Organizational Documents or any resolutions of the board of directors or shareholders (or other equity holders) of the Purchaser; 

		
	(v)
	any Consent held by the Purchaser; or

		
	(vi)
	the provisions of any Contract to which the Purchaser is a party or by which the Purchaser is, or any of its properties or assets are, bound.

(1)    Restrictive Documents: The Purchaser is not subject to, or a party to, any document or by‐law or similar organizational document restriction, any Law, any claim, any stockholders’ agreement, voting trust, contract or instrument, any Encumbrance or any other restriction of any kind or character which would prevent the consummation of the Transactions or compliance with the terms, conditions and provisions of this Agreement and any other agreements or instruments to be delivered or given pursuant to this Agreement.
(2)    Government Consents, Approvals, Notices and Filings: No consent or approval of, giving of notice to, making filings with or taking of any action in respect of or by any Regulatory Authority is required to be obtained or given by the Purchaser with respect to the execution, delivery or performance by it of this Agreement, any other agreements or instruments to be delivered or given pursuant to this Agreement or the consummation of the Transactions.
(3)    Third Party Consents, Approvals and Notices: No consent or approval of, or notice to, any person is required to be obtained or given by the Purchaser with respect to the execution, delivery or performance by the Purchaser of this Agreement, any other agreements or instruments to be delivered or given pursuant to this Agreement or the consummation of the Transactions.
2.3    Survival of Representations and Warranties 
All representations, warranties and covenants of the Parties contained herein and any agreement, instrument, certificate or other document executed or delivered pursuant to this Agreement shall survive the Closing and continue in full force and effect for the benefit of the Party to which they are made for 12 months. No investigation, inspection or review conducted by, or knowledge of, either Party (or its representatives or agents) in respect of the transactions contemplated herein shall in any way reduce or limit the liability of the other Party in respect of the representations and warranties made by such other Party pursuant to this Agreement. 
ARTICLE 3     
CLOSING ARRANGEMENTS
3.1    Closing
The Closing shall take place remotely via the exchange of documents and signatures at the Closing Time on the Closing Date, or at such other place as the Vendor and the Purchaser mutually agree upon.
3.2    Actions at Closing
Subject to satisfaction or waiver by the relevant Party of the conditions of Closing set forth herein, at the Closing Time the Transactions shall be completed. The transfer of the Purchased Securities pursuant Section 1.1 hereof and the forfeiture of the Vendor’s right to the Contingent Consideration and release of any claims in relation thereto pursuant to Section 1.2 hereof shall be deemed to take effect as at the Closing Time on the Closing Date.
3.3    Deliveries at the Closing
The Closing is subject to the following deliveries being made at or prior the Closing Time:
		
	(a)
	the Vendor shall deliver, or cause to be delivered, to the Purchaser the following, in form and substance satisfactory to the Purchaser (acting reasonably):

		
	(i)
	the certificates representing the Purchased Shares, the Series 1 Purchased Warrants and the Series 2 Purchased Warrants duly endorsed in blank for transfer, or accompanied by irrevocable security transfer powers of attorney duly executed in blank;

		
	(ii)
	a direction to the Escrow Agent directing it to send the share certificate representing the Holdback Shares to the Purchaser endorsed in blank for transfer, or accompanied by irrevocable security transfer powers of attorney duly executed in blank; 

		
	(iii)
	certified copies of resolutions of the board of directors of the Vendor authorizing the Transactions; and

		
	(iv)
	all necessary assurances, transfers, assignments, consents, and any other documents or instruments necessary or reasonably required to effectively carry out the intent of this Agreement and to transfer the Purchased Securities to the Purchaser, free and clear of all Encumbrances, and forfeit its right to receive the Contingent Consideration; and

		
	(b)
	the Purchaser shall deliver, or cause to be delivered, to the Vendor the following, in form and substance satisfactory to the Vendor (acting reasonably):

		
	(i)
	US$1,300,000 in accordance with Section 1.3 hereof; and

		
	(ii)
	certified copies of resolutions of the board of directors of the Purchaser authorizing the Transactions.

ARTICLE 4     
POST-CLOSING MATTERS
4.1    Tax Matters
The Vendor and the Purchaser shall each provide the other with: (i) such assistance as may reasonably be requested by either of them in connection with the preparation of any tax return, audit or other examination by any taxing authority or judicial or administrative proceedings relating to liability for taxes; (ii) each retain and provide the other with any records or other information that may be relevant to such tax return, audit or examination, proceeding or determination; and (iii) any final determination of any such audit or examination, proceeding or determination that affects any amount required to be shown on any tax return of the other for any period.
4.2    Indemnification Under APA
Each of the Vendor and the Purchaser hereby agree that, effective on the Closing Date:
		
	(c)
	the obligation of the Vendor to indemnify, defend or hold harmless any Buyer Indemnified Parties pursuant to Section 10.3(a) of the Viggle APA shall terminate, except with respect to knowing and intentional fraud and any breach by the Vendor of the Seller Fundamental Representations (the “Excluded Breaches”); 

		
	(d)
	Losses sustained or incurred by Buyer Indemnified Parties under Section 10.3 of the Viggle APA, other than in connection with 10.3(a) (except the Excluded Breaches), may continue to be recovered by the Buyer Indemnified Parties in cash (or, at Vendor’s option, in shares of Vendor’s common stock, with such stock priced at the average of closing prices of the Vendor’s common stock for the twenty trading days prior to payment) in accordance with Section 10.8(a)(ii) of the Viggle APA, subject to applicable limitations on indemnification set forth in the Viggle APA; and

		
	(e)
	the obligation of the Purchaser to indemnify, defend or hold harmless any Seller Indemnified Parties pursuant to Section 10.4(a) of the Viggle APA shall terminate, except with respect to knowing and intentional fraud and any breach by the Purchaser of the Buyer Fundamental Representations.

ARTICLE 5     
INTERPRETATION
5.1    Definitions
In this Agreement, the following terms and expressions will have the following meanings:
		
	(f)
	“Agreement” means this asset purchase agreement and all instruments amending it; “hereof”, “hereto” and “hereunder” and similar expressions mean and refer to this Agreement and not to any particular Article, Section, Schedule or other subdivision; “Article”, “Section” or “Schedule” of this Agreement followed by a number means and refers to the specified Article, Section or Schedule of this Agreement;

		
	(g)
	“Business Day” means any day other than a Saturday, a Sunday or a statutory holiday in Toronto, Ontario and New York, New York;

		
	(h)
	“Closing” means the completion of the Transactions pursuant to this Agreement at the Closing Time;

		
	(i)
	“Closing Date” means the date hereof or such other date as may be agreed to by the Parties in writing, but which date shall be not later than five (5) Business Days after the date of this Agreement;

		
	(j)
	“Closing Time” means 10:00 a.m. (Eastern Time) on the Closing Date or such other time on the Closing Date as the Parties may agree upon as the time at which the Closing shall take place; 

		
	(k)
	“Consent” means a license, permit, approval, consent, certificate, registration or authorization (including, without limitation, those made or issued by a Regulatory Authority, in respect of a Contract, or otherwise);

		
	(l)
	“Contract” means any agreement, understanding, indenture, contract, lease, deed of trust, license, option, instrument or other commitment, whether written of oral;

		
	(m)
	“Encumbrances” means mortgages, charges, pledges, security interests, liens, encumbrances, actions, claims, demands and equities of any nature whatsoever or howsoever arising and any rights or privileges capable of becoming any of the foregoing; 

		
	(n)
	 “Law” means any requirement imposed by statute, regulation, rule, ordinance, by-law, decree, code, policy, judgment, order, ruling, decision, approval, notice, permit, guideline or directive of any Regulatory Authority;

		
	(o)
	“Organizational Documents” means, with respect to any person, the articles of incorporation, certificate of incorporation, certificate of formation, certificate of limited partnership, charter, by-laws, articles of formation, operating agreement, stockholders’ agreement, partnership agreement, limited partnership agreement, limited liability company agreement, and all constating or similar documents, instruments or certificates executed, adopted or filed in connection with the creation, formation or organization of such person, including any amendments thereto as of the date hereof;

		
	(p)
	“Parties” means the Vendor and the Purchaser;

		
	(q)
	“person” includes any individual, corporation, company, partnership, firm, joint venture, syndicate, association, trust, Regulatory Authority and any other form of entity or organization;

		
	(r)
	“Regulatory Authority” means any government, regulatory or administrative authority, agency, commission, utility or board (federal, provincial, state, municipal or local, domestic or foreign) having jurisdiction in the relevant circumstances and any person acting under the authority of any of the foregoing and any judicial, administrative or arbitral court, authority, tribunal or commission having jurisdiction in the relevant circumstances; 

		
	(s)
	“Reorganization” means a merger, amalgamation, arrangement or consolidation of  a corporation or other similar type transaction with or into another corporation;

		
	(t)
	“Restrictive Legend” means the restrictive legend set forth on each of the certificates representing the Purchased Securities; and 

		
	(u)
	 “Transactions” means the purchase and sale of the Purchased Securities, the Vendor’s forfeiture of its right to receive the Contingent Consideration and all other transactions contemplated by this Agreement. 

5.2    Currency
Unless otherwise indicated, all references to dollar amounts in this Agreement are expressed in United Sates currency.
5.3    Governing Law
This Agreement shall be governed by and construed and interpreted in accordance with the Laws of the Province of Ontario and the federal Laws of Canada applicable therein (without regard to principles of conflict of Laws that would impose the Laws of another jurisdiction.  The Parties hereby irrevocably attorn to the non-exclusive jurisdiction of the courts of the Province of Ontario and all courts having jurisdiction to hear appeals therefrom with respect to any matter arising under or related to this Agreement.
5.4    Headings, etc.
The provision of a table of contents, the division of this Agreement into Articles, Sections, Schedules and other subdivisions and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Agreement. 
5.5    Number and Gender   
Unless the context otherwise requires, any reference to gender shall include both genders and words importing the singular number shall include the plural and vice versa.
5.6    Time of Essence
Time shall be of the essence of every provision of this Agreement. 
5.7    Severability
Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction shall not affect the validity or enforceability of any other provision hereof.

ARTICLE 6     
GENERAL
6.1    Notices  
(1)    Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be delivered in person, transmitted by facsimile or similar means of recorded electronic communication or sent by registered mail, charges prepaid, addressed as follows:
		
	(a)
	if to the Purchaser, to:

Perk Inc.
150 Caroline Street, Suite 406
Waterloo, Ontario  N2L 0A5
Attention:     Ted Hastings, CEO
E mail:        ted@perk. com

		
	(b)
	if to the Vendor, to:

Function(x), Inc. 
902 Broadway, 11th Floor
New York, NY 10010
Attention:     Robert F. X. Sillerman
E mail:        one@rfxs1. com

With a copy to:

Function(x), Inc. 
902 Broadway, 11th Floor
New York, NY 10010
Attention:     Mitchell J. Nelson
E mail:        Mitchell@functionxinc. com 

(2)    Any such notice or other communication shall be deemed to have been given and received on the day on which it was delivered or transmitted (or, if such day is not a Business Day, on the next following Business Day) or, if mailed, on the third Business Day following the date of mailing; provided, however, that if at the time of mailing or within three Business Days thereafter there is or occurs a labour dispute or other event that might reasonably be expected to disrupt the delivery of documents by mail, any notice or other communication hereunder shall be delivered or transmitted by means of recorded electronic communication as described.
(3)    Any Party may at any time change its address for service from time to time by giving notice to the other Parties in accordance with this Section 6.1.
6.2    Assignment 
The Purchaser may assign this Agreement and its rights hereunder in whole or in part to any other person; provided, however, that any such assignment shall not relieve the Purchaser from any of its obligations hereunder. The Vendor may not assign this Agreement or its rights hereunder.   
6.3    Expenses  
Unless otherwise provided, each of the Parties shall be responsible for the expenses (including fees and expenses of legal advisers, accountants and other professional advisers) incurred by such Party in connection with the negotiation and settlement of this Agreement and the completion of the Transactions. 
6.4    Further Assurances  
Each Party shall promptly do, make, execute, deliver, or cause to be done, made, executed or delivered, all such further acts, documents and things as the other Parties may reasonably require from time to time after Closing at the expense of the requesting Party for the purpose of giving effect to this Agreement and shall use reasonable efforts and take all such steps as may be reasonably within its power to implement to their full extent the provisions of this Agreement.
6.5    Entire Agreement  
This Agreement, including all Schedules, and the other agreements or instruments to be delivered or given by it pursuant to this Agreement, constitutes the entire agreement between the Parties with respect to the subject matter and supersedes all prior agreements, understandings, negotiations and discussions, whether written or oral. There are no conditions, covenants, agreements, representations, warranties or other provisions, express or implied, collateral, statutory or otherwise, relating to the subject matter except provided in this Agreement and the other agreements or instruments to be delivered or given by it pursuant to this Agreement. No reliance is placed by any Party on any warranty, representation, opinion, advice or assertion of fact made by any Party or its directors, officers, employees or agents, to any other Party or its directors, officers, employees or agents, except to the extent that it has been reduced to writing and included in this Agreement or the other agreements or instruments to be delivered or given by it pursuant to this Agreement.
6.6    Waiver, Amendment
Except as expressly provided in this Agreement, no amendment or waiver of this Agreement shall be binding unless executed in writing by the Party to be bound. No waiver of any provision of this Agreement shall constitute a waiver of any other provision, nor shall any waiver of any provision of this Agreement constitute a continuing waiver unless otherwise expressly provided.
6.7    Persons Bound
This Agreement enures to the benefit of and binds the parties and their respective heirs, executors, administrators, estate trustees, personal and legal representatives, successors and permitted assigns.
6.8    Non-Merger
Except as otherwise provided in this Agreement, the covenants, representations and warranties of the Parties contained herein shall not merge and shall survive the Closing.
6.9    Counterparts
This Agreement may be executed in any number of counterparts, and/or by facsimile or e-mail transmission of Adobe Acrobat files, each of which shall constitute an original and all of which, taken together, shall constitute one and the same instrument.
[SIGNAGURE PAGE FOLLOWS]
IN WITNESS WHEREOF this Agreement has been executed by the Parties as of the date first above written.

FUNCTION(X), INC.

By:                            
Name:    
Title: 

PERK INC.

By:                            
Name:    
Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00262-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00262-of-00352.parquet"}]]