Document:

EXHIBIT 10.61

 

	
Executive Officer
    	
Grant   No. 20    
    

 

ROYAL GOLD, INC.

2015 OMNIBUS LONG-TERM INCENTIVE PLAN

 

STOCK APPRECIATION RIGHTS AGREEMENT - STOCK SETTLED

 

Royal Gold, Inc., a Delaware corporation (the “Company”), hereby grants stock appreciation rights (“SARs”) relating to its common stock, $.01 par value per share (the “Stock”), to the Grantee named below subject to the restrictions and vesting conditions set forth in the attachment.  The terms and conditions of the SARs are set forth in this cover sheet, in the attachment, and in the Company’s 2015 Omnibus Long-Term Incentive Plan (the “Plan”).

 

Grant Date:

 

Name of Grantee:

 

Grantee’s Social Security Number:

 

Number of Shares of Stock Subject to the SARs:

 

SAR Grant Price per Share:                                                                                                                                                           $      (At least 100% of Fair Market Value on the Grant Date)

 

Vesting Start Date:

 

By signing this cover sheet, you agree to all of the terms and conditions described in the attached Agreement and in the Plan, a copy of which is also available upon request to the Secretary.  You acknowledge that you have carefully reviewed the Plan, and agree that the Plan will control in the event any provision of this Agreement should appear to be inconsistent.

 

	
Grantee:
    	
 
    	
 
    
	
 
    	
(Signature)
    	
 
    
	
 
    	
 
    	
 
    
	
Company:
    	
 
    	
 
    
	
 
    	
(Signature)
    	
 
    
	
 
    	
 
    	
 
    
	
Title:
    	
 
    	
 
    

 

Attachment

 

This is not a stock certificate or a negotiable instrument.

 

 

	
Executive Officer
    	
Grant   No. 20    
    

 

ROYAL GOLD, INC.

2015 OMNIBUS LONG-TERM INCENTIVE PLAN

STOCK APPRECIATION RIGHTS AGREEMENT

 

	
Stock   Appreciation Rights
    	
 
    	
This grant is an award   of stock appreciation rights (“SARs”) exercisable for the number of shares   set forth on the cover sheet, subject to the vesting conditions described   below.
    
	
 
    	
 
    	
 
    
	
Vesting
    	
 
    	
The SARs are only   exercisable before they expire and then only with respect to the vested   portion of the SARs.  Subject to the   preceding sentence, you may exercise the SARs, in whole or in part, for a   whole number of vested shares not less than 100 shares, unless the number of   shares purchased is the total number available for purchase under the SARs,   by following the procedures set forth in the Plan and below in this   Agreement.

 

Your right to exercise   the SARs vests as to one-third (1/3) of the total number of shares of Stock   subject to the SARs, as shown on the cover sheet, on the first, second and   third anniversaries of the Vesting Start Date (“Anniversary Date”), provided   you then continue in Service.  The   resulting aggregate number of vested SARs will be rounded to the nearest   whole number, and you cannot vest in more than the number of SARs shown on   the cover sheet.

 

No additional SARs will   vest after your Service has terminated for any reason.
    
	
 
    	
 
    	
 
    
	
Termination   after Long-Term Service
    	
 
    	
Notwithstanding the   foregoing vesting rules, if you incur a termination of Service by the Company   other than for “Cause” (as defined in the Employment Agreement), at any time   after you have provided fifteen (15) years of Service to the Company, you   shall be one hundred percent (100%) vested in the SARs as of the date of such   termination of Service.
    
	
 
    	
 
    	
 
    
	
Termination   without Cause, Good Reason or Non-Renewal of Employment Agreement
    	
 
    	
Notwithstanding the   foregoing vesting rules, if (i) the Company terminates your Service or   your Employment Agreement without “Cause” (as defined in your Employment   Agreement) during the term of your Employment Agreement, (ii) you   terminate your Service or your Employment Agreement for “Good Reason” (as   defined in your Employment Agreement) during the term of your Employment   Agreement, or (iii) your Service is terminated upon the Company’s   election not to renew the term for one of the four successive one-year   renewal terms pursuant to Section 2 of your Employment Agreement, then,   after the Company’s receipt of the Severance and Release Documents (as   defined in your Employment Agreement) you shall be 100% vested in the SARs as   of the date of the Company’s receipt of such Severance and Release Documents.

 

As used herein, the   term “Employment Agreement” shall mean that certain Employment Agreement   between you and the Company dated             , as the same may   be amended after the date hereof.
    
	
 
    	
 
    	
 
    
	
Term
    	
 
    	
Your SARs will expire   in any event at the close of business at Company headquarters on the day of   the 10th anniversary of the Grant Date, as shown on the cover sheet.  Your SARs will expire earlier if your   Service terminates, as described below.
    

 

2

 

	
Regular   Termination
    	
 
    	
If your Service   terminates for any reason, other than death, Disability or Cause, then your   unvested SARs will expire immediately and your vested SARs will expire at the   close of business at Company headquarters on the 90th day after your   termination date.
    
	
 
    	
 
    	
 
    
	
Termination   for Cause
    	
 
    	
If your Service is   terminated for Cause, then you shall immediately forfeit all rights to your   SARs and the SARs shall immediately expire.
    
	
 
    	
 
    	
 
    
	
Death
    	
 
    	
If your Service   terminates because of your death, then your unvested SARs will expire   immediately and your vested SARs will expire at the close of business at   Company headquarters on the date twelve (12) months after the date of   death.  During that twelve month   period, your estate or heirs may exercise the vested portion of your SARs.

 

In addition, if you die   during the 90-day period described in connection with a regular termination   (i.e., a termination of your Service not on account of your death, Disability   or Cause),  and a vested portion of your   SARs has not yet been exercised, then your SARs will instead expire on the   date twelve (12) months after your termination date.  In such a case, during the period following   your death up to the date twelve (12) months after your termination date,   your estate or heirs may exercise the vested portion of your SARs.
    
	
 
    	
 
    	
 
    
	
Disability
    	
 
    	
If your Service   terminates because of your Disability, then your unvested SARs will expire   immediately and your vested SARs will expire at the close of business at   Company headquarters on the date twelve (12) months after your termination   date.
    
	
 
    	
 
    	
 
    
	
Extension   of Expiration Date
    	
 
    	
Notwithstanding the   foregoing, if (i) you are terminated pursuant to Sections 5(a), (c),   (d) or (e) of your Employment Agreement, and (ii) you are   precluded from selling in the open market any shares of Stock underlying the   SARs for any portion of the period of time between the date of termination of   your Service and the expiration date of the SARs set forth in the section   entitled “Regular Termination,” “Death” or “Disability” above, as applicable,   by reason of any lock-up agreement restricting your ability to sell such   Stock in the open market or under the Company’s insider trading or similar   plan as then in effect (whether because a trading window is not open or you   are otherwise restricted from trading), then the expiration date for the SARs   shall be extended for a period of time equal to the number of days that you   were precluded from selling such Stock during the exercise period, provided,   however, that the expiration date shall not be extended pursuant to this   section beyond the tenth (10th) anniversary of the Grant Date.
    
	
 
    	
 
    	
 
    
	
Leaves   of Absence
    	
 
    	
For purposes of this   award of SARs, your Service does not terminate when you go on a bona fide employee leave of absence that was approved by   the Company in writing, if the terms of the leave provide for continued   Service crediting, or when continued Service crediting is required by   applicable law.  However, your Service   will be treated as terminating 90 days after you went on employee leave,   unless your right to return to active work is guaranteed by law or by a   contract.  Your Service terminates in   any event when the approved leave ends unless you immediately return to   active employee work.

 

The Company determines,   in its sole discretion, which leaves count for this purpose, and when your   Service terminates for all purposes under the Plan.
    

 

2

 

	
Notice   of Exercise
    	
 
    	
When you wish to   exercise this award of SARs, you must notify the Company by filing the proper   “Notice of Exercise” form at the address given on the form.  Your notice must specify how many SARs you   wish to exercise (in a parcel of at least 100 SARs generally).  Your notice must also specify how the   shares of Stock received on the exercise of your SARs should be registered   (in your name only or in your and your spouse’s names as joint tenants with   right of survivorship).  The notice   will be effective when it is received by the Company.

 

If someone else wants   to exercise the SARs after your death, that person must prove to the   Company’s satisfaction that he or she is entitled to do so.
    
	
 
    	
 
    	
 
    
	
Payment   for SARs
    	
 
    	
Upon your exercise of   the SARs, the Company shall pay you in shares of Stock an amount equal to the   positive difference (if any) between the Fair Market Value of a share of   Stock on the exercise date and the SAR Grant Price, multiplied by the number   of SARs being exercised.  Any   fractional shares of Stock shall be paid to you in cash.
    
	
 
    	
 
    	
 
    
	
Withholding   Taxes
    	
 
    	
You will not be allowed   to exercise the SARs unless you make acceptable arrangements to pay any   withholding or other taxes that may be due as a result of the exercise of the   SARs.  In the event that the Company   determines that any federal, state, local or foreign tax or withholding   payment is required relating to the exercise or sale of shares arising from   this grant, the Company shall have the right to:  (i) require such payments from you;   (ii) withhold such amounts from other payments due to you from the Company   or any Affiliate; or (iii) withhold shares of Stock subject to the   exercised SARs pursuant to this Agreement in an amount equal to the   withholding or other taxes due.
    
	
 
    	
 
    	
 
    
	
Transfer   of SARs
    	
 
    	
During your lifetime,   only you (or, in the event of your legal incapacity or incompetency, your   guardian or legal representative) may exercise the SARs.  You cannot transfer or assign the   SARs.  For instance, you may not sell   the SARs or use them as security for a loan.    If you attempt to do any of these things, the SARs will immediately   become invalid.  You may, however,   dispose of the SARs in your will or the SARs may be transferred upon your   death by the laws of descent and distribution.

 

Regardless of any   marital property settlement agreement, the Company is not obligated to honor   a notice of exercise from your spouse, nor is the Company obligated to   recognize your spouse’s interest in your SARs in any other way.
    
	
 
    	
 
    	
 
    
	
Retention   Rights
    	
 
    	
Neither your SARs nor   this Agreement give you the right to be retained by the Company (or any   parent, Subsidiaries or Affiliates) in any capacity.  The Company (and any parent, Subsidiaries   or Affiliates) reserve the right to terminate your Service at any time and   for any reason.
    
	
 
    	
 
    	
 
    
	
Shareholder   Rights
    	
 
    	
You, or your estate or heirs,   have no rights as a shareholder of the Company until the shares of Stock   received pursuant to the exercise of your SARs have been issued.  Except as described in the Plan, no   adjustments are made for dividends or other rights if the applicable record   date occurs before your shares are issued.
    
	
 
    	
 
    	
 
    
	
Forfeiture   of Rights
    	
 
    	
If you should take   actions in competition with the Company, the Company shall have the right to   cause a forfeiture of your rights, including, but not limited to, the right   to cause: (i) a forfeiture of any outstanding SARs, and (ii) with   respect to the period commencing twelve (12) months prior to your termination   of Service with the 
    

 

3

 

	
 
    	
 
    	
Company and ending   twelve (12) months following such termination of Service (A) a   forfeiture of any gain recognized by you upon the exercise of SARs or   (B) a forfeiture of any Stock acquired by you upon the exercise of SARs.   Unless otherwise specified in an employment or other agreement between the   Company and you, you take actions in competition with the Company if you   directly or indirectly, own, manage, operate, join or control, or participate   in the ownership, management, operation or control of, or are a proprietor,   director, officer, stockholder, member, partner or an employee or agent of,   or a consultant to any business, firm, corporation, partnership or other   entity that is in the business of creating, financing, acquiring, investing   in and managing precious metal royalties, precious metal streams and similar   interests.  Under the prior sentence,   ownership of less than 1% of the securities of a public company shall not be   treated as an action in competition with the Company.
    
	
 
    	
 
    	
 
    
	
Adjustments
    	
 
    	
In the event of a stock   split, a stock dividend or a similar change in the Stock, the number of   shares covered by the SARs and the SAR Grant Price per share shall be   adjusted (and rounded down to the nearest whole number) if required pursuant   to the Plan.  Your SARs shall be   subject to the terms of the agreement of merger, liquidation or   reorganization in the event the Company is subject to such corporate   activity.
    
	
 
    	
 
    	
 
    
	
Applicable   Law
    	
 
    	
This Agreement will be   interpreted and enforced under the laws of the State of Delaware, other than   any conflicts or choice of law rule or principle that might otherwise   refer construction or interpretation of this Agreement to the substantive law   of another jurisdiction.
    
	
 
    	
 
    	
 
    
	
The   Plan
    	
 
    	
The text of the Plan is   incorporated in this Agreement by reference.    Certain capitalized terms used in this Agreement are defined in the   Plan, and have the meaning set forth in the Plan.

 

This Agreement and the   Plan constitute the entire understanding between you and the Company   regarding the SARs.  Any prior   agreements, commitments or negotiations concerning the SARs are superseded.
    
	
 
    	
 
    	
 
    
	
Other   Agreements
    	
 
    	
You agree, as a   condition of the grant of the SARs, that in connection with the exercise of   the SARs, you will execute such document(s) as necessary to become a   party to any shareholder agreement or voting trust as the Company may   require.
    
	
 
    	
 
    	
 
    
	
Data   Privacy
    	
 
    	
In order to administer   the Plan, the Company may process personal data about you.  Such data includes but is not limited to   the information provided in this Agreement and any changes thereto, other   appropriate personal and financial data about you such as home address and   business address and other contact information, payroll information and any   other information that might be deemed appropriate by the Company to facilitate   the administration of the Plan.

 

By accepting this   award, you give explicit consent to the Company to process any such personal   data.  You also give explicit consent   to the Company to transfer any such personal data outside the country in   which you work or are employed, including, with respect to non-U.S. resident   Grantees, to the United States, to transferees who shall include the Company   and other persons who are designated by the Company to administer the Plan.
    

 

4

 

	
Consent   to Electronic Delivery
    	
 
    	
The Company may choose   to deliver certain statutory materials relating to the Plan in electronic   form.  By accepting the SARs you agree   that the Company may deliver the Plan prospectus and the Company’s annual   report to you in an electronic format.    If at any time you would prefer to receive paper copies of these   documents, as you are entitled to, the Company would be pleased to provide   copies.  Please contact the Secretary   at (303) 573-1660 to request paper copies of these documents.
    
	
 
    	
 
    	
 
    
	
Stock   Ownership Requirements
    	
 
    	
You are required to   continue to hold an aggregate of fifty percent (50%) of the shares of Stock   acquired by you pursuant to the SARs together with all other shares of Stock acquired   by you pursuant to any other stock appreciation rights grant made under the   Plan (such 50% to be determined after reducing the shares of Stock covered by   this grant and all other stock appreciation rights grants made to you under   the Plan by the number shares of Stock equal in value to the amount required   to be withheld to pay taxes in connection with the exercise of the SARs and   such other stock appreciation rights grants) until the number of shares of   Stock owned by you equals or exceeds       .  If the number of shares of Stock owned by   you exceeds       , you may dispose of the   shares of Stock acquired pursuant to the SARs as long as you continue to own   at least        shares of Stock after the   disposition.
    
	
 
    	
 
    	
 
    
	
Market   Stand-off Agreement
    	
 
    	
In connection with any   underwritten public offering by the Company of its equity securities pursuant   to an effective registration statement filed under the Securities Act, you   agree not to sell, make any short sale of, loan, hypothecate, pledge, grant   any option for the purchase of, or otherwise dispose or transfer for value or   agree to engage in any of the foregoing transactions with respect to any   shares of Stock without the prior written consent of the Company or its   underwriters, for such period of time after the effective date of such   registration statement as may be requested by the Company or the underwriters   (not to exceed 180 days in length).
    

 

By signing the cover sheet of this Agreement, you acknowledge that you have received, read and understand the Plan and this Agreement, and agree to abide by and be bound by their terms and conditions.

 

5

 

Executive Officer

 

NOTICE OF EXERCISE

 

ROYAL GOLD, INC.

2004 / 2015 OMNIBUS LONG-TERM INCENTIVE PLAN

STOCK APPRECIATION RIGHTS

 

Royal Gold, Inc.

1660 Wynkoop Street, Suite 1000

Denver, CO  80202

 

Attention:  Secretary

 

Effective as of today, I,                        (“Purchaser”) hereby elect to exercise the following stock appreciation rights (“SARs”) granted to me under either (i) the Company’s 2004 Omnibus Long-Term Incentive Plan or (ii) its 2015 Omnibus Long-Term Incentive Plan, (the “Plan”) and available for exercise:

 

	
Grant Number or
   Grant Name
    	
 
    	
Grant Exercise 
   Price per Share
    	
 
    	
Number of Options to Exercise
   (100 share minimum)
    
	
                  -SARs
    	
 
    	
$
    	
       
    	
 
    	
 
    
						

 

WITHHOLDING TAXES:  I understand that the exercise of these SARs will result in a taxable event to me, and that the Company will withhold shares to cover applicable taxes, unless I have otherwise made alternative acceptable arrangements with the Company.  Describe arrangement:

 

 

SHARE REGISTRATION:  Shares resulting from the exercise of these SARs are to be registered:

 

o                                    In my name; or

 

o                                    In my name and the name of my spouse, as joint tenants with right of survivorship:

 

My spouse’s name is:

 

My spouse’s Social Security or Tax Identification Number is:

 

SHARE DELIVERY:  Shares resulting from the exercise of these SARs are to be delivered:

 

o                                    Electronically to my Shareworks® account;*

 

o                                    In paper certificate form to my Royal Gold address; or

 

o                                    In paper certificate form to my brokerage account as follows (the shares will not be delivered in “street name” under any circumstances):

 

	
Broker name:
    	
 
    	
Broker address:
    
	
 
    	
 
    	
 
    
	
Contact name:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Contact number:   (  )      -
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Contact email:
    	
 
    	
DTC number:
    
	
 
    	
 
    	
 
    

 

1

 

*Subject to holding requirements, trading window restrictions and/or Section 16 considerations, Shares delivered electronically to Purchaser’s Shareworks® account may subsequently be electronically sold on the market or transferred to Purchaser’s brokerage account or to another external institution, eliminating the need for paper certificates, medallion guarantees, etc.

 

1.              Representations of Purchaser.  Purchaser acknowledges that Purchaser has received, read and understood the Plan and the Option Agreement and agrees to abide by and be bound by their terms and conditions.

 

2.              Rights as Shareholder.  Until the issuance (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) of the Shares, no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the Shares, notwithstanding the exercise of the Option.  The Shares so acquired shall be issued to the Purchaser as soon as practicable after exercise of the Option.  No adjustment will be made for a dividend or other right for which the record date is prior to the date of issuance, except as provided in the Plan.

 

3.              Market Stand-off Agreement.  In connection with any underwritten public offering by the Company of its equity securities pursuant to an effective registration statement filed under the Securities Act, Purchaser agrees not to sell, make any short sale of, loan, hypothecate, pledge, grant any option for the purchase of, or otherwise dispose or transfer for value or agree to engage in any of the foregoing transactions with respect to any shares of Stock without the prior written consent of the Company or its underwriters, for such period of time after the effective date of such registration statement as may be requested by the Company or the underwriters (not to exceed 180 days in length).

 

4.              Stock Ownership Requirements.  Purchaser understand that he or she is required to continue to hold fifty percent (50%) of the Shares acquired pursuant to the Option Agreement (such 50% to be determined after reducing the Shares covered by the Option Agreement by the number of shares of Stock equal in value to the amount required to be withheld to pay taxes in connection with the purchase under this Notice) until the number of Shares owned by Purchaser equals or exceeds the number of Shares specified to be held in the Option Agreement related to these options.

 

5.              Stop-Transfer Notices.  Purchaser agrees that, in order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records.

 

6.              Tax Consultation.  Purchaser understands that he or she may suffer adverse tax consequences as a result of Purchaser’s purchase or disposition of the Shares.  Purchaser represents that Purchaser has consulted with any tax consultants Purchaser deems advisable in connection with the purchase or disposition of the Shares and that Purchaser is not relying on the Company for any tax advice.

 

7.              Entire Agreement.  The Plan and the Option Agreement under which these options are covered, are incorporated herein by reference.  This Notice of Exercise, the Plan and the Option Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Purchaser with respect to the subject matter hereof, and may not be modified adversely to the Purchaser’s interest except by means of a writing signed by the Company and Purchaser.

 

2

 

Agreed and Accepted:

 

	
 
    	
 
    
	
 
    	
 
    
	
Purchaser’s Signature
    	
 
    

 

Purchaser’s Social Security No. or Tax Identification Number:      -   -

 

	
Purchaser’s Address:
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    

 

 

	
Company’s Use:
    	
 
    
	
 
    	
Vesting   Requirement Verified  o
    
	
Date Received
    	
 
    
	
 
    	
Holding   Requirement Verified  o
    
	
Official’s Initials
    	
 
    

 

3Exhibit

3

FIRST AMENDMENT TO FORBEARANCE AGREEMENT

This First Amendment to Forbearance Agreement (the “Amendment”) is made and entered into as of May 11, 2016 (the “Effective Date”) by and between DraftDay Fantasy Sports, Inc. (formerly known as Viggle Inc.) (“DDFSI”) and AmossyKlein Family Holdings, LLLP (“AmossyKlein”), in its capacity as agent and attorney in fact for all of the former stockholders and note holders of Choose Digital Inc. (“Choose Digital”) who did not dissent from the merger transaction entered into with DDFSI in 2014  (collectively, the “Stockholders”).  DDFSI and AmossyKlein are collectively referred to herein as the “Parties.”

RECITALS

WHEREAS, the Parties entered into a Forbearance Agreement (the “Forbearance Agreement”) on July 31, 2015;

WHEREAS, DDFSI failed to make the $1,754,128.10 payment due to AmossyKlein on January 29, 2016 (the “January 29 Payment”), and thereby breached its obligations under Paragraph 1 of the Forbearance Agreement; and
WHEREAS, DDFSI has requested that AmossyKlein forbear from immediately exercising its remedies under the Forbearance Agreement, so that DDFSI can pay the remaining amounts due to AmossyKlein in a series of installment payments.
NOW, THEREFORE, in consideration of the recitals set forth above and promises made herein, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:
1.    DDFSI unconditionally and irrevocably agrees to make the following payments (the “Amended Installment Payments”) to AmossyKlein on the schedule set forth below.  Each Amended Installment Payment shall include 9% interest on the outstanding balance of the January 29 Payment, and the first Amended Installment Payment shall include the attorneys’ fees AmossyKlein has incurred in connection with seeking to collect the January 29 Payment.  Such amounts shall be wired to AmossyKlein on the schedule provided below:

May 18, 2016 -- $200,000.00 + $58,500.00 (legal fees) + $47,577.72 (interest) = $306,077.72;

June 17, 2016 -- $100,000.00 + $11,496.29 (interest) = $111,496.29;

July 15, 2016 -- $100,000.00 + $10,039.46 (interest) = $110,039.46;

August 15, 2016 -- $100,000.00 + $10,350.73 (interest) = $110,350.73;

September 15, 2016 -- $100,000.00 + $9,586.35 (interest) = $109,586.35;

October 14, 2016 -- $100,000.00 + $8,252.81 (interest) = $108,252.81;

November 15, 2016 -- $100,000.00 + $8,317.50 (interest) = $108,317.50;

December 15, 2016 -- $100,000.00 + $7,057.93 (interest) = $107,057.93;

January 16, 2017 -- $100,000.00 + $6,739.42 (interest) = $106,739.42;

February 15, 2017 -- $100,000.00 + $5,578.48 (interest) = $105,578.48;

March 15, 2017 -- $100,000.00 + $4,516.17 (interest) = $104,516.17;

April 14, 2017 -- $100,000.00 + $4,099.03 (interest) = $104,099.03;

May 15, 2017 -- $100,000.00 + $3,471.28 (interest) = $103,471.28;

June 15, 2017 -- $100,000.00 + 2,706.90 (interest) = $102,706.90;

July 14, 2017 -- $100,000.00 + $1,817.19 (interest) = $101,817.19;

August 15, 2017 -- $100,000.00 + $1,216.13 (interest) = $101,216.13;

September 15, 2017 -- $54,128.10 + $413.75 (interest) = $54,541.85.

2.    In addition to making the Amended Installment Payments, DDFSI shall also deliver to AmossyKlein as expeditiously as possible, but in all events before DDFSI closes or terminates its proposed acquisition of Rant, Inc. (“Rant”), 100,000 shares of common stock of Perk.com, Inc. (the “Collateral”), which AmossyKlein shall hold as collateral for the amounts due hereunder.  DDFSI shall not, for as long as it has any liability to AmossyKlein, grant any new or additional security interests in the Collateral (unless subordinate to AmossyKlein’s senior security interest in the Collateral), or attempt to alter or subordinate AmossyKlein’s senior security interest in the Collateral.  In addition, to the extent DDFSI consummates its proposed acquisition of Rant, DDFSI shall provide AmossyKlein with an intercreditor agreement or acknowledgement executed by Rant which provides that any security interest acquired by Rant in assets of DDFSI shall be subordinate to AmossyKlein’s senior, first priority security interest in the Collateral.  AmossyKlein shall, within five (5) business days after DDFSI’s payment of all amounts due under Paragraph 1 above, return the Collateral to DDFSI.

3.    In addition to the obligations set forth in Paragraphs 1 and 2 above, DDFSI shall also deliver to AmossyKlein upon execution of this agreement an Affidavit of Confession of Judgment, executed by an authorized officer of DDFSI, that: (i) memorializes the change in DDFSI’s corporate name from Viggle Inc. to DraftDay Fantasy Sports, Inc.; and (ii) confesses judgment in favor of AmossyKlein for the full amount of the January 29 Payment, plus interest at a rate of 9% per annum on that amount from January 29, 2016 until the date Judgment is entered, plus all of AmossyKlein’s costs and fees (including attorneys’ fees incurred in connection with seeking collection of the January 29 Payment), minus the amount of any Amended Installment Payments that have been paid prior to entry of Judgment. 

4.    DDFSI further agrees that if any of the Amended Installment Payments are not made as set forth in Paragraph 1 above or DDFSI fails to deliver the Collateral as required by Paragraph 2 above: (i) AmossyKlein may immediately seek to enter and enforce the Affidavit of Confession of Judgment referenced in Paragraph 3 above and foreclose on the Collateral; (ii) DDFSI will not take any action to interfere with, hinder or enjoin AmossyKlein’s efforts to enter or enforce the Affidavit of Confession of Judgment or foreclose on the Collateral; and (iii) to the extent the Clerk of the Court initially rejects the Affidavit of Confession of Judgment, DDFSI shall cooperate with AmossyKlein to modify the Affidavit of Confession of Judgment so that it can be entered and enforced.

5.    In the event that DDFSI shall consummate a public offering of equity or shall dispose of a substantial asset (“substantial” meaning any asset sold, transferred or assigned for consideration in excess of $500,000), DDFSI shall allocate all net cash proceeds from the transaction that remain after payment of fees to DDFSI’s professional advisors (for services rendered in connection with the equity offering or asset disposition) and necessary expenses in connection with closing the transaction to the remaining installments due hereunder (in reverse order).  For the avoidance of doubt, DDFSI shall not allocate any proceeds from a public offering of equity or disposition of a substantial asset to affiliates of DDFSI or Robert F.X. Sillerman unless and until all payments due to AmossyKlein hereunder have been paid in full.

6.    Except as specifically modified hereby, the Forbearance Agreement and each of the terms thereof  shall remain in full force and effect.

7.    This Amendment shall not be modified, altered, amended, or vacated without the prior written consent of each of the Parties hereto.

8.    Each person who executes this Amendment on behalf of a Party hereto represents that he or she is duly authorized to do so.

9.    This Amendment may be executed in counterparts, each of which when so executed and delivered shall be an original, but all of which together shall constitute one and the same document.

Signatures on following page

DRAFTDAY FANTASY SPORTS, INC.
(formerly known as Viggle Inc.)

By:                     
Name:                    
Title:                    

AMOSSYKLEIN FAMILY HOLDINGS,
LLLP, in its capacity as stockholders’ agent for the non-dissenting stockholders and note holders of Choose Digital Inc.

By:                     
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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}]]