Document:

Exhibit10.76SillermanNote1.30.15

Exhibit 10.76
DEMAND PROMISSORY NOTE

$2,000,000.00                                January 30, 2015
New York, New York

FOR VALUE RECEIVED, the undersigned, Viggle Inc. (the “Borrower”), with an address at 902 Broadway, 11th Floor, New York, NY 10010, hereby promises to pay to the order of Robert F.X. Sillerman (the “Lender”), with an address at c/o SFX Entertainment, Inc., 430 Park Avenue, 6th Floor, New York, NY 10022, the principal sum of Two Million Dollars ($2,000,000.00), together with interest thereon from the date hereof at an annual rate equal to 12.00% per annum.  Principal and interest due under this Note shall be due and payable upon demand.
Interest hereunder shall be computed on the basis of a 360-day year consisting of twelve 30-day months and shall accrue so long as any sum remains outstanding under this Note.  Anything in this Note to the contrary notwithstanding, the obligation of the Borrower to make payments of interest shall be subject to the limitation that payments of interest shall not be required to be made by the Borrower to the extent that the receipt thereof would not be permissible under the law or laws applicable to the Lender limiting rates of interest which may be charged or collected by the Lender.  Any such payments of interest which are not made as a result of the limitation referred to in the preceding sentence shall be made by the Borrower to the Lender on the earliest interest payment date or dates on which the receipt thereof would be permissible under the laws applicable to the Lender limiting rates of interest which may be charged or collected by the Lender.
Payments of principal and interest made more than (10) days after they are due, shall bear interest at the lesser of (i) 5% per annum or (ii) the highest rate permitted by applicable law.  Payment of the principal and interest due under this Note shall be made at such place as the Lender shall designate to the Borrower and in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of all public and private debts.

The principal amount of this Note may be prepaid at any time and from time to time, in whole or in part, without premium or penalty.
The Borrower hereby waives presentment, demand for payment, notice of dishonor, and any and all other notices or demands in connection with the delivery, acceptance, performance, default or enforcement of this Note.  The Borrower shall pay all fees, expenses and disbursements of the Lender’s counsel in connection with the enforcement of this Note and the collection of all sums due hereunder.
This Note shall be binding upon the Borrower, its successors and assigns and shall inure to the benefit of the heirs, successors and assigns of the Lender.
This Note and the rights and obligations of the Borrower hereunder shall be governed by and construed and interpreted in accordance with the laws of the State of New York.
IN WITNESS WHEREOF, the Borrower has executed this Note as of the day and year first written above.
VIGGLE INC.

By:    /s/ John C. Small
Name:    John C. Small
Title:    Chief Financial OfficerEX-10.1

 Exhibit 10.1 

FIRST AMENDMENT 
 TO

 LOAN AND SECURITY AGREEMENT AND WAIVER 

This First Amendment to Loan and Security Agreement and Waiver (“Amendment”) is entered into as of January 31, 2015, by
and between COMERICA BANK (“Bank”) and ADEPT TECHNOLOGY, INC. (“Borrower”). 
 RECITALS 

Borrower and Bank are parties to that Loan and Security Agreement dated as June 9, 2014, as it may be amended from time to time (
“Agreement”). The parties desire to amend the Agreement further in accordance with the terms of this Amendment. 
 NOW,
THEREFORE, the parties agree as follows: 
 1. Borrower failed to comply with Section 6.7 of the Agreement (Accounts) by not
closing its accounts with Silicon Valley Bank by January 3, 2015 (“Covenant Violation”). Borrower requested that Bank waive the Covenant Violation. Bank hereby waives the Covenant Violation. This waiver is specific as to
content and time, shall be limited precisely as written, and shall not constitute a waiver of any other current or future default or Event of Default or breach of any covenant contained in the Agreement or the terms and conditions of any other Loan
Documents. Bank expressly reserves all of its various rights, remedies, powers and privileges under the Agreement and the other Loan Documents due to any other default, Event of Default or breach not waived herein. 

2. Exhibit A to the Agreement is amended by adding or amending and restating the following defined terms to read in their entirety as follows:

 “Non-Formula Amount” means One Million Dollars ($1,000,000).” 

3. Section 6.7(a) of the Agreement is amended and restated to read in its entirety as follows: 

 

	 	“(a)	EBITDA Loss. (i) An EBITDA loss of not greater than the following amounts for the following periods: 

  

			
	 Testing Period
	  	Maximum
EBITDA Loss
	 Quarter ended December 31, 2014
	  	
	 Quarter ending March 31, 2015
	  	
	 Quarter ending June 30, 2015
	  	
	 Twelve month period ending June 30, 2015
	  	

 (ii) An EBITDA loss of not greater than (a) $xxx for any fiscal quarter of Borrower in
2016 and (b) $xxx for the twelve-month period ending June 30, 2016.” 
 4. The term “Account Closing Date” set
forth in Section 6.6 of the Agreement shall now mean January 30, 2015 and not January 3, 2015. 
 5. Exhibits E and F to the
Agreement are deleted and replaced with Exhibits E and F attached hereto. 

  
 1 

 6. No course of dealing on the part of Bank or its officers, nor any failure or delay in the
exercise of any right by Bank, shall operate as a waiver thereof, and any single or partial exercise of any such right shall not preclude any later exercise of any such right. Bank’s failure at any time to require strict performance by Borrower
of any provision shall not affect any right of Bank thereafter to demand strict compliance and performance. Any suspension or waiver of a right must be in writing signed by an officer of Bank. 

7. Unless otherwise defined, all initially capitalized terms in this Amendment shall be as defined in the Agreement. The Agreement, as amended
hereby, shall be and remain in full force and effect in accordance with its respective terms and is hereby ratified and confirmed in all respects. The execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as an
amendment of, any right, power, or remedy of Bank under the Agreement, as in effect prior to the date hereof. 
 8. Borrower represents and
warrants that the representations and warranties contained in the Agreement are true and correct as of the date of this Amendment , and that (except for the Existing Defaults) no Event of Default has occurred and is continuing. 

9. As a condition to the effectiveness of this Amendment, Bank shall have received, in form and substance satisfactory to Bank, the following:

  

	 	(a)	this Amendment, duly executed by Borrower; 

  

	 	(b)	Corporate Resolutions and Incumbency Certification, duly executed by Borrower; 

  

	 	(c)	a Prime Referenced Rate Addendum to Loan and Security Agreement, duly executed by Borrower; 

  

	 	(d)	affirmation of guaranty, duly executed by the guarantors; 

  

	 	(e)	a non-refundable amendment fee in the amount of $5,000, which may be debited from any of Borrower’s accounts with Bank; 

  

	 	(f)	all reasonable Bank Expenses incurred through the date of this Amendment, which may be debited from any of Borrower’s accounts with Bank; and 

 

	 	(g)	such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate. 

10. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one instrument. 
 [Remainder of Page Intentionally Left Blank] 

  
 2 

 IN WITNESS WHEREOF, the undersigned have executed this First Amendment to Loan and Security
Agreement and Waiver as of the first date above written. 
  

			
	ADEPT TECHNOLOGY, INC.
		
	By:		/s/ Seth Halio
		
	Title:		Chief Financial Officer

  

			
	COMERICA BANK
		
	By:		/s/ Sean Noonan
		
	Title:		Vice President

  
  

 
 [Signature Page to First Amendment to Loan and Security Agreement and
Waiver (5060818)] 

 EXHIBIT E 

COMPLIANCE CERTIFICATE 
  

			
	Please send all Required Reporting to:	  	 Comerica Bank 
 Technology & Life
Sciences Division
 Loan Analysis Department
 250 Lytton
Avenue
 3rd Floor, MC 4240
 Palo Alto CA 94301

Phone: (650) 462-6060
 Fax: (650) 462-6061

 FROM: Adept Technology, Inc. 

The undersigned authorized Officer of Adept Technology, Inc. (“Borrower”), hereby certifies that in accordance with the terms and conditions of the
Loan and Security Agreement between Borrower and Bank (the “Agreement”), (i) Borrower is in complete compliance for the period ending
                            , 201     with all required covenants,
including without limitation the ongoing registration of intellectual property rights in accordance with Section 6.8, except as noted below and (ii) all representations and warranties of Borrower stated in the Agreement are true and
correct in all material respects as of the date hereof; provided, however, that those representations and warranties expressly referring to another date shall be true, correct and complete in all material respects as of such date. Attached herewith
are the required documents supporting the above certification (“Supporting Documents”). The Officer further certifies the Supporting Documents are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are
consistently applied form one period to the next except as explained in an accompanying letter or footnotes. 
 Please indicate compliance status by circling
Yes/No under “Complies” or “Applicable” column, 
  

									
	REPORTING COVENANTS	  	 	  	REQUIRED	  	COMPLIES
					
	Company Prepared Monthly F/S	  		  	Monthly, within 30 days	  	YES            	  	            NO
	Company Prepared Quarterly F/S	  		  	Quarterly, within 45 days	  	YES	  	NO
	Compliance Certificate	  		  	Monthly, within 30 days	  	YES	  	NO
	CPA Audited. Unqualified F/S	  		  	Annually, within 90 days of FYE	  	YES	  	NO
	Borrowing Base Cert, A/R & A/P Agings	  		  	Monthly, within 30 days	  	YES	  	NO
	Annual Business Plan	  		  	Annually, on or before July 31	  	YES	  	NO
	Intellectual Property Report	  		  	Annually, within 90 days of FYE	  	YES	  	NO
	Audit	  		  	Semi-annual	  	YES	  	NO
				
	If Public:	  		  		  	
	10-Q	  		  	Quarterly, within 5 days of SEC filing (50 days)	  	YES	  	NO
	10-K	  		  	Annually, within 5 days of SEC filing (95 days)	  	YES	  	NO
					
	Total amount of Borrower’s cash and investments	  		  	Amount: $____________________________	  	YES	  	NO
	Total amount of Borrower’s cash and investments maintained with Bank	  		  	Amount: $____________________________	  	YES	  	NO

  

													
	 	  	  	 	DESCRIPTION	  	APPLICABLE
	 	  	 
						
	Legal Action > $500,000 (Sect. 6.2(iv))	  	Notify promptly upon notice	 	__________________________	  	YES	  	 	NO	  	  	
	Inventory Disputes> $500,000 (Sect. 6.3)	  	Notify promptly upon notice	 	__________________________	  	YES	  	 	NO	  	  	
	Mergers & Acquisitions (Sect. 7.3)	  	Notify promptly upon notice	 	__________________________	  	YES	  	 	NO	  	  	
	Cross default with other agreements >$500,000 (Sect. 8.6)	  	Notify promptly upon notice	 	__________________________	  	YES	  	 	NO	  	  	
	Judgments/Settlements > $750,000 (Sect. 8.8)	  	Notify promptly upon notice	 	__________________________	  	YES	  	 	NO	  	  	
	Capital Expenditures > $1,000,000 (Sect. 7.12)	  	Notify promptly upon notice	 	__________________________	  	YES	  	 	NO	  	  	
	Borrower’s and Subsidiaries’ aggregate foreign account balance > $2,000,000 (Sect. 6.6)	  	Notify promptly upon notice	 	__________________________	  	YES	  	 	NO	  	  	
	Transfers to foreign accounts > $500,000 (Sect. 6.6)	  	Notify promptly upon notice	 	__________________________	  	YES	  	 	NO	  	  	

  

													
	FINANCIAL COVENANTS	  	REQUIRED	  	ACTUAL            	  	COMPLIES
	 	  	 
				
	 TO BE TESTED MONTHLY, UNLESS OTHERWISE NOTED
	  		  				  	
						
	Maximum EBITDA Loss (tested quarterly and annually)	  	See Section 6.7(a)	  	$_______________________	  	YES	  	 	NO	  	  	
	Minimum Cash at Bank (maintained at all times and reported monthly)	  	$1,000,000	  	$_______________________	  	YES	  	 	NO	  	  	
					
	FINANCIAL COVENANTS	  	REQUIRED	  	ACTUAL            	  	COMPLIES
	 	  	 
						
	Permitted Indebtedness for equipment leases	  	<$100,000	  	$________________________	  	YES	  	 	NO	  	  	
	Permitted Investments for stock repurchase	  	<$100,000	  	$________________________	  	YES	  	 	NO	  	  	
	Permitted Investments for subsidiaries by Borrower	  	   <$1,000,000 (total prior to termination  

of the Agreement)
	  	$________________________	  	YES	  	 	NO	  	  	
	Permitted Investments to subs. that are not guarantors by subs.	  	<$500,000	  	$________________________	  	YES	  	 	NO	  	  	
	Permitted Investments for employee loans	  	<$100,000	  	$________________________	  	YES	  	 	NO	  	  	
	Permitted Investments for employee travel advances	  	<$200,000	  	$________________________	  	YES	  	 	NO	  	  	
	Permitted Investments for joint ventures	  	<$100,000	  	$________________________	  	YES	  	 	NO	  	  	
	Permitted Liens for equipment leases	  	<$100,000	  	$________________________	  	YES	  	 	NO	  	  	
	Permitted Transfers	  	<$100,000	  	$________________________	  	YES	  	 	NO	  	  	
	Permitted Unsecured Credit Cards	  	<$100,000	  	$________________________	  	YES	  	 	NO	  	  	
	Permitted Other Unsecured Indebtedness	  	<$200,000	  	$________________________	  	YES	  	 	NO	  	  	

  
 Exhibit E – Page 1

 Please Enter Below Comments Regarding Violations: 

 
 The undersigned further acknowledges that at any time Borrower is not in compliance
with all the terms set forth in the Agreement, including, without limitation, the financial covenants, no Credit Extensions will be made. 
 Very truly
yours, 
  

			
	ADEPT TECHNOLOGY, INC.
		
		 	 
		 	Authorized Signer
		
		 	 
		 	Name
		
		 	 
		 	Title

  
  

  
 Exhibit E – Page 2

 EXHIBIT F 

PRICING ADDENDUM 
 (See
Attached) 
  
  
  

 

  
 Exhibit F – Page 1

			
	

 		 Corporation Resolutions and Incumbency Certification

Authority to Procure Loans

  
 I certify that I
am the duly elected and qualified Secretary of ADEPT TECHNOLOGY, INC.; that the following is a true and correct copy of resolutions duly adopted by the Board of Directors of the Corporation in accordance with its bylaws and applicable
statutes. 
 Copy of Resolutions: 
 Be it Resolved,
That: 
  

	1.	Any one (1) of the following CEO or CFO (insert titles only) of the Corporation is authorized, for, on behalf of, and in the name of the Corporation to: 

 

	 	(a)	Negotiate and procure loans, letters of credit and other credit or financial accommodations from Comerica Bank (“Bank”), including, without limitation, that Loan and Security Agreement dated as June 9,
2014, as amended from time to time, including but not limited to that First Amendment to Loan and Security Agreement and Waiver dated as of January 31, 2015 (collectively, the “Agreement”); 

 

	 	(b)	Discount with the Bank, commercial or other business paper belonging to the Corporation made or drawn by or upon third parties, without limit as to amount; 

 

	 	(c)	Purchase, sell, exchange, assign, endorse for transfer and/or deliver certificates and/or instruments representing stocks, bonds, evidences of Indebtedness or other securities owned by the Corporation, whether or not
registered in the name of the Corporation; 

  

	 	(d)	Give security for any liabilities of the Corporation to the Bank by grant, security interest, assignment, lien, deed of trust or mortgage upon any real or personal property, tangible or intangible of the Corporation;

  

	 	(e)	Issue a warrant or warrants to purchase the Corporation’s capital stock; 

  

	 	(f)	Execute and deliver in form and content as may be required by the Bank any and all notes, evidences of Indebtedness, applications for letters of credit, guaranties, subordination agreements, loan and security
agreements, financing statements, assignments, liens, deeds of trust, mortgages, trust receipts and other agreements, instruments or documents to carry out the purposes of these Resolutions, any or all of which may relate to all or to substantially
all of the Corporation’s property and assets; and 

  

	 	(g)	Appoint, delegate and authorize such other person(s) (the “Delegated Person(s)”) as may be designated in writing from time to time by the above referenced Authorized Signer(s), or any one or more of them, to
(i) request loans, advances and/or letters of credit under any line of credit, loan or other credit or financial accommodation made available by Bank to or in favor of the Corporation, and to execute and/or deliver unto Bank, in form and
content as may be required by the Bank, such agreements, instruments and documents as may be necessary or required to carry out such purposes, (ii) make loan payments for and on behalf of the Corporation, and (iii) execute and certify
borrowing base certificates, account agings, inventory reports and collateral reports (together with any other documents, reports and certificates required to be delivered in connection with any of the foregoing) for and on behalf of the Corporation

  

	2.	Said Bank be and it is authorized and directed to pay the proceeds of any such loans or discounts as directed by the persons so authorized to sign, in accordance with the Agreement. 

	3.	Any and all agreements, instruments and documents previously executed and acts and things previously done to carry out the purposes of these Resolutions are ratified, confirmed and approved as the act or acts of the
Corporation. 

  

	4.	These Resolutions shall continue in force, and the Bank may consider the holders of said offices and their signatures to be and continue to be as set forth in a certified copy of these Resolutions delivered to the Bank,
until notice to the contrary in writing is duly served on the Bank (such notice to have no effect on any action previously taken by the Bank in reliance on these Resolutions). 

 

	5.	Any person, corporation or other legal entity dealing with the Bank may rely upon a certificate signed by an officer of the Bank to the effect that these Resolutions and any agreement, instrument or document executed
pursuant to them are still in full force and effect and binding upon the Corporation. 

  

	6.	The Bank may consider the holders of the offices of the Corporation and their signatures, respectively, to be and continue to be as set forth in the Certificate of the Secretary of the Corporation until notice to the
contrary in writing is duly served on the Bank. 

 I further certify that the above Resolutions are in full force and effect as of the date of
this Certificate; that these Resolutions and any borrowings or financial accommodations under these Resolutions have been properly noted in the corporate books and records, and have not been rescinded, annulled, revoked or modified; that neither the
foregoing Resolutions nor any actions to be taken pursuant to them are or will be in contravention of any provision of the certificate of incorporation or bylaws of the Corporation or of any agreement, indenture or other instrument to which the
Corporation is a party or by which it is bound; and that neither the certificate of incorporation nor bylaws of the Corporation nor any agreement, indenture or other instrument to which the Corporation is a party or by which it is bound require the
vote or consent of shareholders of the Corporation to authorize any act, matter or thing described in the foregoing Resolutions. 
 I further certify that
the following named persons have been duly elected to the offices set opposite their respective names, that they continue to hold these offices at the present time, and that the signatures which appear below are the genuine, original signatures of
each respectively: 
 (PLEASE SUPPLY GENUINE SIGNATURES OF AUTHORIZED SIGNERS BELOW) 

 

					
	NAME (Type or Print)	 	TITLE	 	SIGNATURE
	 Seth Halio
	 	 CFO
	 	 /s/ Seth Halio

	 Rob Cain
	 	 CEO
	 	 /s/ Rob Cain

	  
	 	  
	 	  

 In Witness Whereof, I have affixed my name as Secretary and have caused the corporate seal (where available) of said
Corporation to be affixed on January 31, 2015. 
  

	
	 /s/ Seth Halio

	Secretary

  

			
		
	The Above Statements are Correct.	  	 /s/ Rob Cain

		  	SIGNATURE OF OFFICER OR DIRECTOR OR, IF NONE. A SHAREHOLDER OTHER THAN SECRETARY WHEN SECRETARY IS AUTHORIZED TO SIGN ALONE.

 Failure to complete the above when the Secretary is authorized to sign alone shall constitute a certification by the Secretary
that the Secretary is the sole Shareholder, Director and Officer of the Corporation. 

  
 2 

 AFFIRMATION OF GUARANTY 

This AFFIRMATION OF GUARANTY (“Affirmation”) is made as of January     , 2015, by the undersigned
(individually and collectively, “Guarantor”) in favor of Comerica Bank (“Bank”). 
 RECITALS

 A. Adept Technology, Inc. (“Borrower”) has obtained certain loans or other credit accommodations from Bank
pursuant to that certain Loan and Security Agreement, dated as of June 9, 2014, as it may be amended from time to time (the “Loan Agreement”), which loans and certain credit accommodations are guaranteed by Guarantor pursuant
to the terms of a Guaranty dated June 9, 2014, executed by Guarantor in favor of Bank (as it may be amended from time to time, the “Guaranty”). Borrower and Bank propose to enter into a First Amendment to Loan and Security
Agreement and Waiver dated as of the date hereof (the “Amendment”). 
 B. Bank has agreed to enter into the Amendment
provided, among other things, that, Guarantor acknowledges the entry by Borrower into the Amendment and agrees that the Guaranty will remain effective. 

AGREEMENT 
 NOW,
THEREFORE, Guarantor: 
 1. Consents to the execution, delivery and performance by Borrower of the Amendment and the documents and
instruments executed in connection therewith, as well as all other amendments and modifications to the Loan Documents. 
 2. Acknowledges
and agrees that the Guaranty is and shall remain in full force and effect in accordance with its terms with respect to all Obligations (as defined in the Loan Agreement) of Borrower, subject to no setoff, defense or counterclaim. 

3. Represents and warrants that the representations and warranties contained in the Guaranty are true and correct in all material respects as
of the date of this Affirmation. 
 4. Confirms that this Affirmation is not required by the terms of the Guaranty and need not be obtained
in connection with any prior or future waivers or amendments or extensions of additional credit to Borrower. 
 [Signature page follows] 

 IN WITNESS WHEREOF, each Guarantor executed this Affirmation as of the first date above written.

  

			
	GUARANTORS:
	
	ADEPT INMOTX, INC.
		
	By:		 /s/ Seth Halio

		
	Title:		 VP Finance

	
	ADEPT TECHNOLOGY HOLDINGS, INC.
		
	By:		 /s/ Seth Halio

		
	Title:		 Director

	
	ADEPT MOBILEROBOTS LLC
		
	By:		 /s/ Seth Halio

		
	Title:		 Director

	
	ADEPT TECHNOLOGY INTERNATIONAL, LTD.
		
	By:		 /s/ Seth Halio

		
	Title:		 Director

  
 [Signature page to Affirmation of
Guaranty (5060818)]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}]]