Document:

Exhibit 4.1

 

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: $[50% X Loan Amount] 

Aggregate Exercisable Warrant Shares: [(Loan Amount x 50%) / 1.75]

 

Issue Date: May [ ], 2022

Warrant Number: CSW22-00[X]

 

This certifies that [LENDER NAME] ("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 May [ ], 2025.

 

     

     

    

 

ARTICLE I 

DEFINITIONS

 

1.1
           "Aggregate Exercise Price" means $ [see
above].

 

1.2            "Change
of Control" means the consummation of: (a) a sale, transfer, exclusive license or other disposition, in one transaction
or a series of related transactions, of all or substantially all of the Company's and its subsidiaries' assets, taken as a whole (except
where such sale, transfer, license or other disposition is to a wholly-owned subsidiary of the Company); (b) the merger or consolidation
of the Company with or into another entity, except any merger or consolidation in which the holders of capital stock of the Company immediately
prior to such merger or consolidation continue to hold a majority of the voting power of the capital stock of the Company or the surviving
or acquiring entity, (or, if the surviving or acquiring entity is a wholly owned subsidiary of another party immediately following such
merger or consolidation, the parent entity of such surviving or acquiring entity); (c) the transfer (whether by merger, consolidation
or otherwise), in one transaction or a series of related transactions, to a person or group of affiliated persons (other than an underwriter
of the Company's securities), of the Company's securities if, after such consummation, such person or group of affiliated persons would
hold 50% or more of the outstanding voting stock of the Company's (or the surviving or acquiring entity, or the parent entity of such
surviving or acquiring entity); or (d) a liquidation, voluntary or involuntary dissolution or winding up of the Company.

 

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

 

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

 

1.5            "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.

 

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

 

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

 

1.8
           "Warrant Exercise Price" means $1.75.

 

1.9
           "Warrant Stock" means the Company's Common
Stock.

 

     

     

    

 

ARTICLE II 

EXERCISE AND PAYMENT

 

2.1            Cash
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 Cash Exercise attached hereto as Exhibit A-1,
and by the payment to the Company, by cash or by certified, cashier's or other check acceptable to the Company, of an amount equal to
the aggregate Warrant Exercise Price (rounded up to the nearest whole cent) of the shares being purchased. 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.

 

2.2            Net
Issue Exercise. In lieu of exercising this Warrant pursuant to Section 2.1, this Warrant may be exercised in whole or in part
by Holder by surrender of this Warrant to the Company, accompanied by the form of Notice of Net Issue (Cashless) Exercise attached hereto
as Exhibit A-2. The number of shares Warrant Stock issuable upon the exercise shall be that having a value equal to
the net value of this Warrant, computed as of the date of surrender of this Warrant to the Company, using the following formula:

 

	 	X	=	Y(A-B)/A
	 	 	 
	 	Where:	 
	 	 	 
		X	=	the number of shares of Warrant Stock to be issued to Holder under
                                            this Section 2.2;

 

		Y	=	the maximum number of shares of Warrant Stock purchasable upon cash
                                            exercise of this Warrant;

 

		A	=	the fair market value per share of Warrant Stock at the date of exercise,
                                            as determined in Section 2.3 below;
	 	 	 	 
	 	B	=	the Warrant Exercise Price.

 

2.3            Fair
Market Value in Net Issue Exercise. For purposes of Section 2.2, the fair market value per share of Warrant Stock shall be determined
by the Company's Board of Directors (the "Board") in good faith. In the case of Net Issue Exercise in connection with
and contingent upon the closing of the Company's Initial Public Offering, the fair market value per share of Warrant Stock shall be calculated
by multiplying the gross offering price to the public (prior to deduction of underwriters' discounts and expenses) of a share of Other
Stock by the number of shares of Other Stock into which each outstanding share of Warrant Stock then can be converted or will be converted
upon the offering.

 

2.4            Automatic
Conversion. If Warrant Stock has been automatically converted to Other Stock pursuant to the terms and conditions of the Warrant
Stock, then this Warrant shall automatically convert into a right to purchase Other Stock, pursuant to the formulas set forth in Sections
2.2 and 2.3 above, and the number of shares of the Company's common stock to which Holder shall be entitled to purchase shall be multiplied
by that 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.

 

     

     

    

 

2.5            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.

 

2.6            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.

 

2.7            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.

 

2.8            Automatic
Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company's Warrant
Stock issuable hereunder is greater than the Warrant Exercise Price, as adjusted, this Warrant shall be deemed automatically exercised
in accordance with Section 2.2 hereof (even if not surrendered) immediately before its expiration. For purposes of such automatic
exercise, the fair market value of one share of the Company’s Warrant Stock upon such expiration shall be the fair market value
determined pursuant to Section 2.3 above. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant
to this Section 2.8, the Company agrees to notify Holder within a reasonable period of time of the number of shares of the Company's
Warrant Stock, if any, Holder is to receive by reason of such automatic exercise.

 

     

     

    

 

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.

 

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 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.

 

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
set forth in Section 2.

 

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 Nevada, 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.

 

     

     

    

 

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]

 

     

     

    

 

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.

 

THE COMPANY IS NOT RESPONSIBLE,
NOR DOES IT 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: 	 
	 	 	Jon Niermann, CEO

 

	 	Accepted By Investor:
	 	 
	 	[LENDER]
	 	 
	 	 
	 	By: 	 
	 	Name: 	[ ] 
	 	Title: 	[ ]
	 	 
	 	Address:
	 	 
	 	[ADDRESS]

 

     

     

    

 

 

Exhibit A-1

 

NOTICE OF EXERCISE OF COMMON STOCK

WARRANT
BY CASH 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:	$                                          

 

CASH 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 cash exercise provisions of Section 2.1 of the Warrant. Therefore, Holder makes payment with this
Notice of Exercise by way of check payable to the Company in the amount of $                                  .
Such check 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.

 

     

     

    

 

Exhibit A-2

 

NOTICE OF EXERCISE OF COMMON STOCK WARRANT

PURSUANT TO NET ISSUE ("CASHLESS") EXERCISE

PROVISIONS

 

[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 Warrant Stock to be
Shares of  Issued Under this Notice:	                                            
	 		 
	 	Remainder Aggregate Price (if
any) After Issuance:	$                                          

 

CASHLESS 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 net issue exercise provisions of Section 2.2 of the Warrant; therefore, Holder makes no payment with this Notice of Exercise.
The number of shares to be issued pursuant to this exercise shall be determined by reference to the formula in Section 2.2 of the
Warrant which, by reference to Section 2.3, requires the use of the current per share fair market value of the Company’s Warrant
Stock. The current fair market value of one share of the Company’s Warrant Stock shall be determined
in the manner provided in Section 2.3, which amount has been determined or agreed to by Holder and the Company to be $ , which figure
is acceptable to Holder for calculations of the number of shares of Warrant Stock issuable pursuant to this Notice of Exercise. 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 of the Warrant, a replacement Warrant representing
the remainder of the Aggregate Exercise Price (and otherwise of like form, tenor and effect) shall be delivered to Holder along with
the share certificate evidencing the Warrant Stock issued in response to this Notice of Exercise.Exhibit 10.1

 

NON-REVOLVING LINE OF CREDIT LOAN AGREEMENT

 

by and between

 

LOOP MEDIA, INC.

 

and

 

RAT Investment Holdings, LP

 

Dated as of May 13, 2022

 

     

     

    

 

NON-REVOLVING LINE OF CREDIT LOAN AGREEMENT

 

This Non-Revolving Line of
Credit Loan Agreement (this "Agreement") is dated as of May 13, 2022 (“Effective Date”), by and
between LOOP MEDIA, INC., a Nevada corporation ("Borrower"),RAT INVESTMENT HOLDINGS, LP , a Nevada
corporation , as administrator of the loan(the “Loan Administrator”) and the lenders set out on Exhibit B
attached hereto (each individually and collectively a "Lender" and together, the “Lenders”).

 

BACKGROUND

 

A.            Borrower
desires to establish with Lender, and Lender is willing to make loans to Borrower, as a non-revolving line of credit not to exceed the
sum of $2,200,000 in the aggregate, under the terms and provisions hereinafter set forth.

 

B.            The
parties are entering into this Agreement to define the terms and conditions of their relationship in writing.

 

NOW, THEREFORE, the parties
hereto, intending to be legally bound, hereby agree as follows:

 

SECTION I.              DEFINITIONS
AND INTERPRETATION

 

1.1.          Terms
Defined: As used in this Agreement, the following terms (in addition to terms defined elsewhere in this Agreement) have the following
respective meanings:

 

Advance(s) –
Any monies advanced or credit extended to Borrower by Lender under the Line of Credit.

 

Affiliate – With
respect to any Person, (a) any Person which, directly or indirectly through one or more intermediaries controls, or is controlled
by, or is under common control with, such Person, or (b) any Person who is a director or officer (i) of such Person, (ii) of
any Subsidiary of such Person, or (iii) any person described in clause (a) above.

 

Authorized Officer –
Any officer (or comparable equivalent) of Borrower authorized by specific resolution of Borrower to request Advances.

 

Bankruptcy Code –
Title 11 of the United States Code entitled “Bankruptcy”, as now or hereinafter in effect, or any successor statute.

 

Business Day –
A day other than Saturday or Sunday when financial institutions are open for business in Florida.

 

Closing – May 13,
2022.

 

Collateral - all of Borrower’s
personal property, now owned or hereafter acquired, including without limitation, all accounts, chattel paper, commercial tort claims,
deposit accounts, documents, equipment, general intangibles (including intellectual property, patents, copyrights, trademarks, and goodwill),
goods, fixtures, instruments, inventory, financial assets, domain names, investment property, letter of credit rights, money, and all
of Borrower’s books and records with respect to any of the foregoing, and the computers and equipment containing said books and
records; and all products and proceeds thereof, as defined in this Agreement and the Uniform Commercial Code.

 

     

     

    

 

Contract Rate –
A fixed rate of interest equal to twelve percent (12%) per annum.

 

Default - Any event,
act, condition or occurrence which with notice, or lapse of time or both, would constitute an Event of Default hereunder.

 

Effective Date –
The date set forth above.

 

Expenses – The
meaning given such term in Section 8.6 hereof.

 

Governmental Authority
- Any federal, state or local government or political subdivision, or any agency, authority, bureau, central bank, commission, department
or instrumentality of either, or any court, tribunal, grand jury, or arbitration.

 

Indebtedness - All indebtedness
created, assumed or incurred in any manner by a Person representing money borrowed (including by the issuance of debt securities) and
all guarantees of such Person in respect of any of the foregoing.

 

Legal Requirement –
Collectively, any treaty, statute, law, common law, rule, regulation, ordinance, license, permit, governmental approval, injunction, judgment,
order, consent decree or other requirement of any Governmental Authority, whether federal, state, or local.

 

Lien- Any lien, security
interest, pledge, charge or encumbrance of any kind in respect of any Property, including the interests of a vendor or lessor under any
conditional sale, Capital Lease or other title retention arrangement.

 

Line of Credit –
the line of credit facility established pursuant to the terms of this Agreement, the Note and any other Loan Document.

 

Line of Credit Maturity Date
 – Eighteen (18) months from the Effective Date.

 

Loans – Mean the
unpaid balance of Advances under the Line of Credit.

 

Loan Documents –
Collectively, this Agreement, the Note, and all agreements, instruments and documents executed and/or delivered in connection therewith,
all as may be supplemented, restated, superseded, amended or replaced from time to time.

 

Material Adverse Effect
- (a) A material adverse change in, or material adverse effect upon, the operations, business, Property or condition (financial or
otherwise) of Borrower, (b) a material impairment of the ability of Borrower to perform its obligations under any Loan Document or
(c) a material adverse effect upon the legality, validity, binding effect or enforceability of any Loan Document or the rights and
remedies of the Lender thereunder.

 

Maximum Line of Credit Amount
- The sum of Two Million Two Hundred Thousand and 00/100 Dollars ($2,200,000.00).

 

Note – The Non-Revolving
Line of Credit Promissory Note, dated the date hereof, by Borrower in favor of Lender.

 

    -2- 

     

    

 

Obligations – All
obligations of the Borrower to pay principal and interest on the Loans, all fees and charges payable hereunder, and all other payment
obligations of the Borrower arising under or in relation to any Loan Document, in each case whether now existing or hereafter arising,
due or to become due, direct or indirect, absolute or contingent, and howsoever evidenced, held or acquired.

 

Person- An individual,
partnership, corporation, trust, limited liability company, limited liability partnership, unincorporated association or organization,
joint venture or any other entity.

 

Property- As to any Person,
all types of real, personal, tangible, intangible or mixed property owned by such Person whether or not included in the most recent balance
sheet of such Person and its subsidiaries under GAAP.

 

Responsible Officer -
Of any Person, any executive officer or Financial Officer of such Person and any other officer, general partner or managing member or
similar official thereof with responsibility for the administration of the obligations of such person in respect of this Agreement.

 

Uniform Commercial Code
- the Uniform Commercial Code as in effect from time to time in the state of Florida.

 

U.S. Dollars” and
 “$” - The lawful currency of the United States of America.

 

Warrant those certain
Common Stock Warrants, dated as of the Effective Date issued by Borrower in favor of Lender, in such amounts and in the names set forth
on Exhibit B attached hereto.

 

1.2.          Interpretation:
The foregoing definitions are equally applicable to both the singular and plural forms of the terms defined. Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes”
and “including” shall be deemed to be followed by the phrase “without limitation.” Unless the context requires
otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring
to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions
on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to
include such Person’s successors and assigns, (c) the words “herein,” “hereof” and “hereunder,”
and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof,
(d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of,
and Exhibits and Schedules to, this Agreement, and (e) any reference to any law or regulation herein shall, unless otherwise specified,
refer to such law or regulation as amended, modified or supplemented from time to time. All references to time of day herein are references
to Sarasota, Florida, time unless otherwise specifically provided.

 

    -3- 

     

    

 

SECTION II.                  THE
LOAN

 

2.1.          Line
of Credit - Description:

 

a.            Subject
to the terms and conditions of this Agreement, Lender hereby establishes for the benefit of Borrower the Line of Credit, which shall include
Advances extended by Lender to or for the benefit of Borrower from time to time hereunder. The aggregate principal amount of Advances,
both outstanding and repaid, shall not exceed in the aggregate the Maximum Line of Credit Amount. Advances made and repaid may not be
reborrowed.

 

b.            If
the aggregate principal amount of unpaid Advances at any time exceeds the Maximum Line of Credit Amount (such excess referred to as "Overadvance"),
Borrower shall, within five (5) Business Days, repay the Overadvance in full.

 

c.            At
Closing, Borrower shall execute and deliver the Note to Lender for the Maximum Line of Credit Amount. The Note shall evidence Borrower's
unconditional obligation to repay Lender for all Advances made under the Line of Credit, with interest as herein provided. Each Advance
under the Line of Credit shall be deemed evidenced by the Note, which is deemed incorporated herein by reference and made part hereof.
The Note shall be in form and substance satisfactory to Lender.

 

d.            The
term of the Line of Credit shall expire on the Line of Credit Maturity Date. On such date, unless having been sooner accelerated by Lender
pursuant to the terms hereof, all sums owing under the Line of Credit shall be due and payable in full, all without demand, notice, presentment
or protest or further action of any kind, and as of and after such date Borrower shall not request and Lender shall not make any further
Advances under the Line of Credit.

 

2.2.          Advances
and Payments:

 

a.            Except
to the extent otherwise set forth in this Agreement, all payments of principal and of interest on the Line of Credit, and all Expenses,
fees, indemnification obligations and all other charges and any other Obligations of Borrower, shall be made to Lender at its office at
____________________________, or such other office as Lender may designate in writing, in United States dollars, in immediately available
funds. Any payments received prior to 2:00 p.m. Eastern Time on any Business Day shall be deemed received on such Business Day. Any
payments (including any payment in full of the Obligations), received after 2:00 p.m. Eastern Time on any Business Day shall be deemed
received on the immediately following Business Day.

 

b.            Advances
which may be made by Lender from time to time under the Line of Credit shall be made available by crediting such proceeds to Borrower's
operating account at _______________________ Bank, Account Number __________________.

 

i.            All
Advances requested by Borrower under the Line of Credit must be in the minimum amount of Two Hundred and Fifty Thousand and 00/100 Dollars
($250,000.00) and integral multiples of Twenty Five Thousand and 00/100 Dollars ($25,000.00) in excess thereof.

 

ii.            All
Advances requested by Borrower under the Line of Credit are to be in writing pursuant to a written request ("Advance Request")
executed by an Authorized Officer in the form of Exhibit A attached hereto. .

 

iii.            Requests
for Advances must be requested by 11:00 a.m. Eastern Time, on the date such Advance is to be made. Upon receiving a request for an
Advance in accordance with subparagraph (ii) above, Lender shall make the requested Advance available to Borrower on that same Business
Day. In the event such request for an Advance is received after 11:00 a.m. Eastern Time on a Business Day, the Lender shall make
the requested Advance available to Borrower as soon as practicable on the following Business Day (subject to the conditions set forth
in this Agreement).

 

    -4- 

     

    

 

2.3.          Interest:

 

a.            The
unpaid principal balance of Advances under the Line of Credit shall bear interest, subject to the terms hereof at a per annum rate equal
to the Contract Rate.

 

b.            Interest
shall be due and payable semi-annually in arrears on the first day of each six month period from the date of this Agreement, and on the
Line of Credit Maturity Date.

 

2.4.          Additional
Interest Provisions:

 

a.            Interest
shall be calculated on the basis of a year of three hundred sixty (360) days but charged for the actual number of days elapsed.

 

b.            After
the occurrence and during the continuance of an Event of Default hereunder (and after giving of any required notice and the expiration
of any applicable cure period), the per annum effective rate of interest on all outstanding principal under the Loans, shall be increased
by five hundred (500) basis points. All such increases may be applied retroactively to the date of the occurrence of such Event of Default.
Borrower agrees that the default rate payable to Lender is a reasonable estimate of Lender's damages and is not a penalty.

 

c.            All
contractual rates of interest chargeable on outstanding principal under the Loans shall continue to accrue and be paid even after Default,
an Event of Default, maturity, acceleration, judgment, bankruptcy, insolvency proceedings of any kind or the happening of any event or
occurrence similar or dissimilar.

 

d.            In
no contingency or event whatsoever shall the aggregate of all amounts deemed interest hereunder and charged or collected pursuant to the
terms of this Agreement exceed the highest rate permissible under any law which a court of competent jurisdiction shall, in a final determination,
deem applicable hereto. In the event that such court determines Lender has charged or received interest hereunder in excess of the highest
applicable rate, Lender shall apply, in its sole discretion, and set off such excess interest received by Lender against other Obligations
due or to become due and such rate shall automatically be reduced to the maximum rate permitted by such law.

 

e.            If
any payment is more than five (5) Business Days late, Borrower agrees to pay Lender a late charge equal to five percent (5.0%) of
such Payment ("Late Fee"). The provisions of this Note establishing a Late Fee shall not be deemed to extend the time for any
Payment due or to constitute a "grace period" giving Borrower a right to cure such default.

 

    -5- 

     

    

 

2.5.           Prepayments:
Borrower may prepay the Line of Credit in whole or in part at any time or from time to time upon three (3) Business Days’ prior
notice to Lender, provided that if the Borrower prepays all or any portion of the Loans (i) on or before the nine (9) month
anniversary of the Effective Date, then Borrower shall pay a prepayment premimum equal to two percent (2.00%) of such Loans being prepaid,
or (ii) after the nine (9) month anniversary of the Effective Date but before the Line of Credit Maturity Date, then Borrower
shall pay a prepayment premium equal to one percent (1.00%) of such Loans being prepaid.

 

SECTION III.                       CONDITIONS
PRECEDENT TO ADVANCES

 

3.1.           Conditions
for Advances: The making of Advances under the Line of Credit is subject to the following conditions precedent (all instruments, documents
and agreements to be in form and substance satisfactory to Lender and its counsel):

 

a.            This
Agreement, the Warrant and each of the other Loan Documents shall be effective;

 

b.            No
event or condition shall have occurred or become known to Borrower, or would result from the making of any requested Advance, which could
have a Material Adverse Effect;

 

c.            No
Default or Event of Default then exists or after giving effect to the making of the Advance would exist;

 

d.            Each
Advance is within and complies with the terms and conditions of this Agreement; and

 

e.            Each
representation and warranty set forth in Section 5 and any other Loan Document in effect at such time (as amended or modified from
time to time) is then true and correct in all material respects as if made on and as of such date except to the extent such representations
and warranties are made only as of a specific earlier date.

  

SECTION IV.                     GRANT OF SECURITY
INTERST

 

4.1.          To
secure the payment and performance of the Obligations under this Agreement and the other Loan Documents, Borrower hereby grants Lender
a continuing security interest in the Collateral. Borrower authorizes Lender to file one or more financing statements to perfect this
security interest, and Borrower will take such actions at Borrower’s own expense as Lender deems reasonably appropriate from time
to time to perfect or continue the security interest granted hereunder. Borrower shall from time to time execute and deliver to Lender,
at the request of Lender, all financing statements and other documents that Lender may reasonably request, in form satisfactory to Lender,
to perfect and continue the perfection of Lender’s security interests in the Collateral and in order to fully consummate all of
the transactions contemplated hereunder, including any account control agreements with respect to Borrower’s operating, depository
or investment accounts, in form and substance satisfactory to Lender.

 

    -6- 

     

    

 

SECTION V.                     REPRESENTATIONS
AND WARRANTIES

 

To induce Lender to complete
the Closing and make the initial Advances under the Line of Credit Loans to Borrower, Borrower warrants and represents to Lender that:

 

5.1.           Organization
and Qualification: Borrower is duly organized, validly existing, and in good standing as a corporation under the laws of the jurisdiction
in which it is organized, has full and adequate power to own its Property and conduct its business as now conducted, and is duly licensed
or qualified and in good standing in each jurisdiction in which the nature of the business conducted by it or the nature of the Property
owned or leased by it requires such licensing or qualifying, except where the failure to do so would not have a Material Adverse Effect.

 

5.2.          Authority
and Validity of Obligations: Borrower has full right and authority to enter into this Agreement,
to make the borrowings herein provided for, and to perform all of its obligations hereunder and under any other Loan Documents executed
by it. The Loan Documents delivered by Borrower have been duly authorized, executed, and delivered and constitute valid and binding obligations
of Borrower enforceable against it in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency,
fraudulent conveyance or similar laws affecting creditors’ rights generally and general principles of equity (regardless of whether
the application of such principles is considered in a proceeding in equity or at law).

 

5.3.           Use
of Proceeds: The extensions of credit under and proceeds of the Line of Credit shall be used
for repayment of existing indebtedness of the Borrower, working capital, and general corporate purposes.

 

5.4.           Approvals:
No authorization, consent, license or exemption from, or filing or registration with, any court or governmental department, agency or
instrumentality, nor any approval or consent of any other Person, is or will be necessary to the valid execution, delivery or performance
by Borrower of this Agreement, except for such approvals which have been obtained prior to the date of this Agreement and remain in full
force and effect.

 

5.5.          Solvency:
After giving effect to the transactions contemplated hereby, Borrower is solvent, able to pay its debts as they become due, and has sufficient
capital to carry on its business and all businesses in which it is about to engage.

 

5.6.          No
Default or Event of Default: No Default or Event of Default has occurred and is continuing.

 

SECTION VI.                     BORROWER'S
COVENANTS

 

Borrower covenants that until
all of the Obligations are paid and satisfied in full and the Line of Credit has been terminated, that:

 

6.1.          Maintenance
of Business: Borrower shall preserve and maintain its existence, and preserve and keep in force and effect all licenses, permits,
franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other proprietary rights necessary to the proper
conduct of its business where the failure to do so could reasonably be expected to have a Material Adverse Effect.

 

    -7- 

     

    

 

6.2.          Maintenance
of Properties: Borrower shall maintain, preserve, and keep its property, plant, and equipment in good repair, working order and condition
(ordinary wear and tear excepted), and shall from time to time make all needful and proper repairs, renewals, replacements, additions,
and betterments thereto so that at all times the efficiency thereof shall be fully preserved and maintained, except to the extent that,
in the reasonable business judgment of Borrower, any such Property is no longer necessary for the proper conduct of the business of Borrower.

 

6.3.          Taxes
and Assessments: Borrower shall duly pay and discharge all taxes, rates, assessments, fees, and governmental charges upon or against
it or its Property, in each case before the same become delinquent and before penalties accrue thereon, unless and to the extent that
the same are being contested in good faith and by appropriate proceedings which prevent enforcement of the matter under contest and adequate
reserves are provided therefor.

 

6.4.          [Reserved].

 

6.5.          [Reserved].

 

6.6.          Compliance
with Laws: Borrower shall comply in all respects with all Legal Requirements applicable to or pertaining to its Property or business
operations, where any non-compliance, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect
upon any of its Property.

 

6.7.          Modification
of Material Documents: Borrower shall not amend or modify its articles of incorporation, charter, partnership agreement, certificate
of formation, by-laws, operating agreement, or other organizational documents in any way which could reasonably be expected to materially
adversely affect the interests of the Lender.

 

SECTION VII.                      DEFAULT

 

7.1.          Events
of Default: Each of the following events shall constitute an event of default ("Event of Default"):

 

a.            default
in the payment when due of all or any part of the principal of or interest on any Loan (whether at the stated maturity thereof or at any
other time provided for in this Agreement) or other Obligation payable hereunder or under any other Loan Document and in respect of any
interest payments, such default in payment is not cured within five (5) Business Days of such due date;

 

b.            default
in the observance or performance of any other provision hereof or of any other Loan Document which is not remedied within thirty (30)
days after written notice thereof is given to the Borrower by the Lender;

 

c.            any
representation or warranty made herein or in any other Loan Document or in any certificate furnished to the Lender pursuant hereto or
thereto proves untrue in any material respect as of the date of the issuance or making or deemed making thereof;

 

d.            any
of the Loan Documents, or any material provision thereof, shall for any reason not be or shall cease to be in full force and effect or
is declared to be null and void, or Borrower takes any action for the purpose of terminating, repudiating or rescinding any Loan Document
executed by it or any of its obligations thereunder;

 

    -8- 

     

    

 

e.            default
shall occur under any other Indebtedness of Borrower to the Lender;

 

f.            (i) any
judgment or judgments, writ or writs or warrant or warrants of attachment, or any similar process or processes, shall be entered or filed
against Borrower, or against any of their respective Property, in an aggregate amount for all such Persons in excess of $250,000 (except
to the extent fully covered by insurance pursuant to which the insurer has accepted liability therefor in writing), and which remains
undischarged, unvacated, unbonded or unstayed for a period of 30 days, or any action shall be legally taken by a judgment creditor to
attach or levy upon any Property of Borrower to enforce any such judgment, or (ii) Borrower shall fail within thirty (30) days to
discharge one or more non-monetary judgments or orders which, individually or in the aggregate, could reasonably be expected to have a
Material Adverse Effect, which judgments or orders, in any such case, are not stayed on appeal or otherwise being appropriately contested
in good faith by proper proceedings diligently pursued;

 

g.            Borrower
shall (i) have entered involuntarily against it an order for relief under the Bankruptcy Code, as amended, which order is undismissed
or unstayed for a period of 60 days, (ii) not pay, or admit in writing its inability to pay, its debts generally as they become due,
(iii) make an assignment for the benefit of creditors, (iv) apply for, seek, consent to or acquiesce in, the appointment of
a receiver, custodian, trustee, examiner, liquidator or similar official for it or any substantial part of its Property, (v) institute
any proceeding seeking to have entered against it an order for relief under the Bankruptcy Code, as amended, to adjudicate it insolvent,
or seeking dissolution, winding up, liquidation, reorganization, arrangement, adjustment or composition of it or its debts under any law
relating to bankruptcy, insolvency or reorganization or relief of debtors or fail to file an answer or other pleading denying the material
allegations of any such proceeding filed against it, (vi) take any corporate or similar action in furtherance of any matter described
in parts (i) through (v) above, or (vii) fail to contest in good faith any appointment or proceeding described in this
paragraph; or

 

h.            a
custodian, receiver, trustee, examiner, liquidator or similar official shall be appointed for Borrower, or any substantial part of any
of its Property, and such appointment continues undischarged or such proceeding continues undismissed or unstayed for a period of 60 days.

 

7.2.          Rights
and Remedies on Default:

 

a.            In
addition to all other rights, options and remedies granted or available to Lender under this Agreement or the Loan Documents (each of
which is also then exercisable by Lender), or otherwise available at law or in equity, upon or at any time after the occurrence and during
the continuance of a Default or an Event of Default, Lender may, in its discretion, withhold or cease making Advances under the Line of
Credit .

 

b.            In
addition to all other rights, options and remedies granted or available to Lender under this Agreement or the Loan Documents (each of
which is also then exercisable by Lender), or otherwise available at law or in equity, upon or at any time after the occurrence and during
the continuance of an Event of Default, Lender may, in its discretion, terminate the Line of Credit and declare the Obligations, immediately
due and payable, all without demand, notice, presentment or protest or further action of any kind (it also being understood that the occurrence
of any of the events or conditions set forth in Sections 7.1 (g) or (h) shall automatically cause an acceleration of the Obligations).

 

    -9- 

     

    

 

7.3.           Nature
of Remedies: All rights and remedies granted Lender hereunder and under the Loan Documents, or otherwise available at law or in equity,
shall be deemed concurrent and cumulative, and not alternative remedies, and Lender may proceed with any number of remedies at the same
time until all Obligations are satisfied in full. The exercise of any one right or remedy shall not be deemed a waiver or release of any
other right or remedy, and Lender, upon or at any time after the occurrence of an Event of Default, may proceed against Borrower, at any
time, under any agreement, with any available remedy and in any order.

 

SECTION VIII.                     MISCELLANEOUS

 

8.1.           Governing
Law: THIS AGREEMENT, AND ALL MATTERS ARISING OUT OF OR RELATING TO THIS AGREEMENT, AND ALL RELATED AGREEMENTS AND DOCUMENTS, SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF FLORIDA. THE PROVISIONS OF THIS AGREEMENT AND ALL
OTHER AGREEMENTS AND DOCUMENTS REFERRED TO HEREIN ARE TO BE DEEMED SEVERABLE, AND THE INVALIDITY OR UNENFORCEABILITY OF ANY PROVISION
SHALL NOT AFFECT OR IMPAIR THE REMAINING PROVISIONS WHICH SHALL CONTINUE IN FULL FORCE AND EFFECT.

 

8.2.           Integrated
Agreement: The Note and this Agreement shall be construed as integrated and complementary of each other, and as augmenting and not
restricting Lender's rights and remedies. If, after applying the foregoing, an inconsistency still exists, the provisions of this Agreement
shall constitute an amendment thereto and shall control.

 

8.3.           Waiver:
No omission or delay by Lender in exercising any right or power under this Agreement or any related agreements and documents will impair
such right or power or be construed to be a waiver of any Default, or Event of Default or an acquiescence therein, and any single or partial
exercise of any such right or power will not preclude other or further exercise thereof or the exercise of any other right, and as to
Borrower no waiver will be valid unless in writing and signed by Lender and then only to the extent specified.

 

8.4.          Indemnity:

 

a.            Borrower
releases and shall indemnify, defend and hold harmless Lender and its Affiliates and their respective officers, employees and agents,
of and from any claims, demands, liabilities, obligations, judgments, injuries, losses, damages and costs and Expenses (including, without
limitation, reasonable legal fees) resulting from (i) acts or conduct of Borrower under, pursuant or related to this Agreement and
the other Loan Documents, (ii) Borrower's breach or violation of any representation, warranty, covenant or undertaking contained
in this Agreement or the other Loan Documents, (iii) Borrower's failure to comply with any Legal Requirement (including, without
limitation, Environmental Laws, etc.), and (iv) any claim by any other creditor of Borrower against Lender or its Affiliates
arising out of any transaction whether hereunder or in any way related to the Loan Documents and all costs, Expenses, fines, penalties
or other damages resulting therefrom, unless resulting solely from acts or conduct of Lender or its Affiliates constituting willful misconduct
or gross negligence as determined by a final, non-appealable order of a court of competent jurisdiction.

 

    -10- 

     

    

 

b.            Promptly
after receipt by an indemnified party under subsection (a) above of notice of the commencement of any action by a third party, such
indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under such subsection, notify the
indemnifying party in writing of the commencement thereof. The omission so to notify the indemnifying party shall relieve the indemnifying
party from any liability which it may have to any indemnified party under such subsection only if the indemnifying party is unable to
defend such actions as a result of such failure to so notify. In case any such action shall be brought against any indemnified party and
it shall notify the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein and,
to the extent that it shall wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel
satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnified
party), and, after notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the
indemnifying party shall not be liable to such indemnified party under such subsection for any legal expenses of other counsel or any
other Expenses, in each case subsequently incurred by such indemnified party, in connection with the defense thereof other than reasonable
costs of investigation.

 

8.5.            Time:
Whenever Borrower shall be required to make any payment, or perform any act, on a day which is not a Business Day, such payment may be
made, or such act may be performed, on the next succeeding Business Day. Time is of the essence in Borrower's performance under all provisions
of this Agreement and all related agreements and documents.

 

8.6.            Expenses
of Lender: At Closing and from time to time thereafter, Borrower will pay upon demand of Lender all reasonable costs, fees and expenses
of Lender in connection with (i) the preparation, execution, administration, delivery and termination of this Agreement, and other
Loan Documents and the documents and instruments referred to herein and therein, and any amendment, amendment and restatement, supplement,
waiver or consent relating hereto or thereto, (ii) the enforcement of Lender’s rights hereunder, or the collection of any payments
owing from, Borrower under this Agreement and/or the other Loan Documents or the protection, preservation or defense of the rights of
Lender hereunder and under the other Loan Documents, and (iii) any refinancing or restructuring of the credit arrangements provided
under this Agreement and other Loan Documents in the nature of a "work-out" or of any insolvency or bankruptcy proceedings,
or otherwise (including the reasonable fees and disbursements of counsel for Lender and, with respect to clauses (ii) and (iii),
reasonable allocated costs of internal counsel) (collectively, the "Expenses");

 

8.7.            Brokerage:
This transaction was brought about and entered into by Lender and Borrower acting as principals and without any brokers, agents or finders
being the effective procuring cause hereof.

 

8.8.            Notices:

 

a.            Loan
Documents and notices under the Loan Documents may be transmitted and/or signed by facsimile or electronically, and by signatures delivered
in “PDF” format by electronic mail or other electronic formats. The effectiveness of any such documents and signatures shall,
subject to applicable law, have the same force and effect as an original copy with manual signatures and shall be binding on Borrower
and Lender. Lender may also require that any such documents and signature delivered by facsimile or “PDF” format by electronic
mail be confirmed by a manually-signed original thereof; provided, however, that the failure to request or deliver any such manually-signed
original shall not affect the effectiveness of any facsimile, electronic or “PDF” document or signature.

 

    -11- 

     

    

 

b.            Any
notices or consents required or permitted by this Agreement shall be in writing and shall be deemed given if delivered in person to the
person listed below or if sent by electronic mail or by nationally recognized overnight courier, as follows, unless such address is changed
by written notice hereunder:

 

If to Borrower to:

 

Loop Media, Inc. 

700 N Central Avenue, Suite 430 

Glendale, CA 91203 

 

Attention: Jon Niermann (CEO) 

w/ a copy to Neil
Watanabe (CFO)

 

If to Lenders to:

 

RAT Investment Holdings, LP

 

Attention: Roger A. Tichenor

 

c.            Any
notice sent by Lender, or Borrower by any of the above methods shall be deemed to be given when so received.

 

d.            Lender
shall be fully entitled to rely upon any electronic transmission or other writing purported to be sent by any Authorized Officer (whether
requesting an Advance or otherwise) as being genuine and authorized.

 

8.9.             Headings:
The headings of any paragraph or Section of this Agreement are for convenience only and shall not be used to interpret any provision
of this Agreement.

 

8.10.            Survival:
All warranties, representations, and covenants made by Borrower herein, or in any agreement referred to herein or on any certificate,
document or other instrument delivered by it or on its behalf under this Agreement, shall be considered to have been relied upon by Lender,
and shall survive the delivery to Lender of the Note, regardless of any investigation made by Lender or on its behalf. All statements
in any such certificate or other instrument prepared and/or delivered for the benefit of Lender shall constitute warranties and representations
by Borrower hereunder. Except as otherwise expressly provided herein, all covenants made by Borrower hereunder or under any other agreement
or instrument shall be deemed continuing until all Obligations are satisfied in full. All indemnification obligations under this Agreement
shall survive the termination of this Agreement and payment of the Obligations for a period of two (2) years.

 

8.11.            Successors
and Assigns: This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the parties. Borrower
may not transfer, assign or delegate any of its duties or obligations hereunder and Lender shall not assign or otherwise transfer any
of its rights or obligations hereunder without the consent of Borrower.

 

    -12- 

     

    

 

8.12.            Duplicate
Originals: Two or more duplicate originals of this Agreement may be signed by the parties, each of which shall be an original but
all of which together shall constitute one and the same instrument.

 

8.13.            Modification:
No modification hereof or any agreement referred to herein shall be binding or enforceable unless in writing and signed by Borrower and
Lender.

 

8.14.            Signatories:
Each individual signatory hereto represents and warrants that he is duly authorized to execute this Agreement on behalf of his principal
and that he executes the Agreement in such capacity and not as a party.

 

8.15.            Third
Parties: No rights are intended to be created hereunder, or under any related agreements or documents for the benefit of any third
party, creditor or incidental beneficiary of Borrower. Nothing contained in this Agreement shall be construed as a delegation to Lender
of Borrower's duty of performance, including, without limitation, Borrower's duties under any account or contract with any other Person.

 

8.16.            Consent
to Jurisdiction: Borrower and Lender each hereby irrevocably consent to the exclusive jurisdiction of the state and federal courts
located in Sarasota County, Florida in any and all actions and proceedings whether arising hereunder or under any other agreement or undertaking.
Borrower waives any objection which Borrower may have based upon lack of personal jurisdiction, improper venue or forum non conveniens.
Borrower irrevocably agrees to service of process by certified mail, return receipt requested to the address of the appropriate party
set forth herein.

 

8.17.            Additional
Documentation: Borrower shall execute and/or re-execute, and cause any other Person party to any Loan Document, to execute and/or
re-execute and to deliver to Lender or Lender’s counsel, as may be deemed appropriate, any document or instrument signed in connection
with this Agreement which was incorrectly drafted and/or signed, as well as any document or instrument which should have been signed at
or prior to the Closing, but which was not so signed and delivered. Borrower agrees to comply with any written request by Lender within
ten (10) days after receipt by Borrower of such request.

 

8.18.            Waiver
of Jury Trial: BORROWER AND LENDER EACH HEREBY WAIVE ANY AND ALL RIGHTS IT MAY HAVE TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION,
PROCEEDING OR COUNTERCLAIM ARISING WITH RESPECT TO RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO OR UNDER THE LOAN DOCUMENTS OR WITH RESPECT
TO ANY CLAIMS ARISING OUT OF ANY DISCUSSIONS, NEGOTIATIONS OR COMMUNICATIONS INVOLVING OR RELATED TO ANY PROPOSED RENEWAL, EXTENSION,
AMENDMENT, MODIFICATION, RESTRUCTURE, FORBEARANCE, WORKOUT, OR ENFORCEMENT OF THE TRANSACTIONS CONTEMPLATED BY THE LOAN DOCUMENTS.

 

8.19.            Consequential
Damages: Neither Lender nor agent or attorney of Lender, shall be liable for any special, punitive, incidental or consequential damages
arising from any breach of contract, tort or other wrong relating to the establishment, administration or collection of the Obligations.

 

    -13- 

     

    

 

8.20.            Lenders’
Collateral Agent: The Company and each Lender hereby appoints Shumaker, Loop & Kendrick, LLP ("Purchasers’ Collateral
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 Lenders’ Collateral
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 Lenders’ Collateral Agent, in its capacity as agent for the Lenders, may reasonably
require for the benefit of Lenders to evidence, perfect or protect Lenders’ 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.

 

8.21.            Loan
Administrator: The Lenders hereby appoint the Loan Administrator as their agent for the purpose of administering the Loans. All payments
to lender shall be made payable to RAT Investment Holdings, LP.

 

[SIGNATURES TO FOLLOW ON SEPARATE PAGES]

 

    -14- 

     

    

 

WITNESS the due execution
of this Agreement as a document under seal as of the date first written above.

 

	 	BORROWER:
	 	 
	 	LOOP MEDIA, INC.
	 	 
	 	 
	 	By:	/s/
	 	Name: 	Neil T. Watanabe 
	 	Title:	Chief Financial Officer
	 	 
	 	LOAN ADMINISTRATOR:
	 	 
	 	RAT INVESTMENT HOLDINGS, LP
	 	 
	 	 
	 	By:	/s/
	 	Name: 	Roger A. Tichenor 
	 	Title:	General Partner
	 	 
	 	LENDER:
	 	 
	 	[    ]

 

(Signature Page to Loan Agreement)

 

    

     

    

 

EXHIBIT A

 

FORM OF LINE OF CREDIT ADVANCE REQUEST

 

LOOP MEDIA, INC. (“Borrower”)

 

To:           RAT
Investment Holdings, LP 

(“Lender”)

 

Borrower hereby requests an Advance in the amount
of $_[FULL AMOUNT] pursuant to Section 2.2 of that certain Non-Revolving Line of Credit Loan Agreement by and among Borrower and
Lender dated as of April 25, 2022 (as amended, restated or otherwise modified from time to time, the “Loan Agreement”).
The proposed date of the Advance is ___________, 2022.

 

Borrower hereby represents and warrants to Lender as follows:

 

		a.	There exists no Default or Event of Default under the Loan Agreement.

 

		b.	All representations, warranties and covenants made in the Loan Agreement are true andcorrect as of the date hereof.

 

		c.	The aggregate principal amount of all Advances outstanding under the Line of Credit (including those repaid) is $_[0]_.

 

	LOOP MEDIA, INC.	 
	 	 
	 	 
	By: 	 	 
	Name:	 Neil T. Watanabe 	 
	Title:	Chief Financial Officer	     

 

Date: _____________, 2022

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