Document:

EX-10.6

 Exhibit 10.6 

Form of Subscription Agreement 
 This
subscription (this “Subscription”) is dated             , 2016, by and between the investor identified on the signature page hereto (the “Investor”) and
FOTV Media Networks, Inc., a Delaware corporation (the “Company”). The parties agree as follows: 
  

	1.	Subscription. 

 Investor agrees to buy and the Company agrees to sell to Investor such number of shares
(the “Shares”) of the Company’s common stock, $0.001 par value per share (the “Common Stock”), as set forth on the signature page hereto, for an aggregate purchase price (the “Purchase Price”)
equal to the product of (x) the aggregate number of Shares the Investor has agreed to purchase and (y) the purchase price per share as set forth on the signature page hereto.

The Shares are being registered for sale pursuant to a Registration Statement on Form S-1, Registration No. 333-212396 (the “Registration
Statement”). The Registration Statement will have been declared effective by the Securities and Exchange Commission (the “Commission”) prior to issuance of any Shares and acceptance of any Investor’s subscription.
The prospectus, however, is subject to change. A final prospectus and/or prospectus supplement will be delivered to the Investor as required by law. 

The Shares are being offered by Monarch Bay Securities, LLC (“Monarch Bay”) and Network 1 Financial Securities, Inc. (the
“Underwriters”) as underwriters on a “best efforts” basis. The completion of the purchase and sale of the Shares (the “Closing”) shall take place at a place and time (the “Closing
Date”) to be specified by the Company and Underwriters in accordance with Rule 15c6-1 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Upon satisfaction or waiver of all the
conditions to closing set forth in the preliminary prospectus contained in the Registration Statement when it is declared effective by the Commission, at the Closing (i) the Purchase Price deposited by the Investor subsequent to the declaration of
effectiveness of the Registration Statement by wire transfer of immediately available funds to the Company’s escrow account per wire instructions as provided on the signature line below shall be released to the Company, and (ii) the Company
shall cause the Shares to be delivered to the Investor (A) through the facilities of The Depository Trust Company’s DWAC system in accordance with the instructions set forth on the signature page attached hereto under the heading “DWAC
Instructions,” or (B) if requested by the Investor on the signature page hereto or if the Company is unable to make the delivery through the facilities of The Depository Trust Company’s DWAC system, through the book-entry delivery of
Shares on the books and records of the transfer agent. If delivery is made by book entry on the books and records of the transfer agent, the Company shall send written confirmation of such delivery to the Investor at the address indicated on
the Signature Page hereof). 
 Each of the Underwriters and any participating broker dealers (the “Members”) shall confirm, via the
Underwriting Agreement, selected dealer agreement or master selected dealer agreement, as applicable, that it will comply with Rule 15c2-4 under the Exchange Act. As per Rule 15c2-4 and Notice to Members 84-7 issued by the Financial Industry
Regulatory Authority (collectively, the “Rule”), all checks that are accompanied by a subscription agreement will be promptly sent along with the subscription agreements to the escrow account by noon the next business day. In
regard to monies being wired from an investor’s bank account, the Members shall request the investors to send their wires by the business day immediately following the receipt of a completed subscription document. In regards to monies being
sent from an investors account held at the participating broker, the funds will be “promptly transmitted” to the escrow agent following the receipt of a completed subscription document and completed wire instructions by the investor to
send funds to the escrow account. Absent unusual circumstances, funds in customer accounts will be transmitted by noon of the next business day. In the event that the offering does not close for any reason prior to the termination date set
forth in the Registration Statement, all funds deposited in the escrow account will be returned to investors promptly in accordance with the terms of the escrow agreement and applicable law.

 

	2.	Subscription Process. 

 To purchase shares of our common stock in this offering, investors must complete
and sign a subscription agreement. Investors will be required to pay for their shares of common stock by wire, ACH, or certified check for the full purchase price of the shares, payable to “UMB Bank as Escrow Agent for FOTV Media Networks
Inc.” 
 Subscriptions will be effective only upon our acceptance of the subscriptions, and we reserve the right to reject any subscriptions in whole
or in part. In compliance with Rule 15c2-4 under the Exchange Act, we and the Underwriters will instruct investors to deliver all monies in the form of checks,
ACH or wire transfers to the escrow agent. Upon the escrow agent’s receipt of such monies, they shall be credited to the escrow account. Pursuant to an escrow agreement among us, Monarch Bay, UMB
Bank, as escrow agent, the funds received in payment for the shares of common stock purchased in this offering will be wired to a non-interest bearing escrow account at UMB Bank and held until the escrow agent determines that the amount in the
escrow account is equal to at least the minimum amount required to close this offering. Upon confirmation of receipt of the requested minimum subscription amount, the escrow agent will release the funds in accordance with

 
the written instructions provided by us and Monarch Bay, indicating the date on which the shares of common stock purchased in this offering are to be delivered to the investors and the date the
net proceeds are to be delivered to us. Unless investors instruct us otherwise, we will deliver the shares of common stock being issued to the investors electronically 
  

	3.	Miscellaneous. 

 This Subscription may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument and shall become effective when counterparts have been signed by each party and delivered to the other parties hereto, it being understood that all parties need not sign the same
counterpart. Execution may be made by delivery by facsimile or via electronic format. 
 All communications hereunder, except as otherwise specifically
provided herein, shall be in writing and shall be mailed, hand delivered, sent by a recognized overnight courier service such as Federal Express, or sent via facsimile and confirmed by letter, to the party to whom it is addressed at the following
addresses or such other address as such party may advise the other in writing: 
 To the Company: as set forth on the signature page
hereto.
 To the Investor: as set forth on the signature page hereto. 

All notices hereunder shall be effective upon receipt by the party to which it is addressed. 

If the foregoing correctly sets forth our agreement, please confirm this by signing and returning to us the duplicate copy of this Subscription.

[Signature Page Follows] 

 [Signature Page to Investor Subscription Agreement for FOTV Media Networks Inc.]

 If the foregoing correctly sets forth our agreement, please confirm this by signing and returning to us the duplicate copy of this Subscription.

  

									
	Number of Shares:	 	  
	 		 	FOTV Media Networks Inc.
				
	Purchase Price per Share: $8.00	 		 	By:	 	  

				
	Aggregate Purchase Price: $	 		 	Name:	 	  

		 		 		 	Title:	 	  

				
		 		 		 	Address Notice:

  

							
	INVESTOR:	 	  
	 		 	   FOTV Media Networks, Inc.
		 		 		 	   338 N. Canon Drive, 3rd Floor
		 		 		 	   Beverly Hills, California 90210

  

					
	By:	 	  
	  	
	Name:	 		  	
	Title:	 		  	

 Select method of delivery of Shares: DRS or DWAC (Pick one) 

                     DWAC DELIVERY INSTRUCTIONS:

  

					
	 1.      
	 	Name of DTC Participant (broker-dealer at which the account or accounts to be credited with the Shares are maintained):	 	  

			
	 2.      
	 	DTC Participant Number:	 	  

			
	 3.      
	 	Name of Account at DTC Participant being credited with the Shares:	 	  

			
	 4.      
	 	Account Number of DTC Participant being credited with the Shares:	 	  

 Or 

                     DRS ELECTRONIC BOOK ENTRY
CONFIRMATION (hold shares at transfer agent) Delivery Instructions: 
  

													
	Name in which Shares should be issued:
							
	Address for Shareholder:	 	  
	 	;	 		  	Street	  	  
	  	

													
							
	City/State/Zip:	 	  
	 	;	 		  	Attention:	  	  
	  	
							
	Telephone No.:	 	  
	 		 		  		  		  	

 SUBSCRIPTION PAYMENT INSTRUCTIONS: 

NO WIRE TRANSFERS, ACH PAYMENTS OR CHECKS MAY BE MADE TO THE ESCROW ACCOUNT, DIRECTLY OR THROUGH ANY UNDERWRITER UNLESS AND UNTIL: (A) THE REGISTRATION
STATEMENT HAS BEEN DECLARED EFFECTIVE BY THE COMMISSION, AND (B) A COPY OF THIS SUBSCRIPTION AGREEMENT, DULY EXECUTED BY BOTH PARTIES HERETO, HAS BEEN DELIVERED TO YOU. 

WIRE PAYMENT INSTRUCTIONS: 
 UMB Bank

 1670 Broadway 

Denver, Colorado 80202 

ABA/Routing #: 
 Swift
#: 
 Account #: 

Account Title: UMB Bank as Escrow Agent for FOTV Media Networks Inc. 

Telephone No.:  
 Fax
No.:  
 ACH PAYMENT INSTRUCTIONS: 

UMB Bank 
 1670 Broadway

 Denver, Colorado 80202 

ABA/Routing #:  

Account #:  
 Account
Title: UMB Bank as Escrow Agent for FOTV Media Networks Inc. 
 CHECK PAYMENT INSTRUCTIONS 

Checks should be made payable to “UMB Bank as Escrow Agent for FOTV Media Networks Inc.” and delivered directly to the escrow
agent at 
 UMB Bank 

1670 Broadway 
 Denver,
Colorado 80202Exhibit

Exhibit 10.1
NORTHSTAR REAL ESTATE INCOME II, INC.
THIRD AMENDED AND RESTATED DISTRIBUTION SUPPORT AGREEMENT (the “Agreement”) dated April 25, 2016 by and between NorthStar Realty Finance Corp. (“NRFC”) and NorthStar Real Estate Income II, Inc. (the “Company”).

WHEREAS, the Company has registered for public sale (the “Offering”) a maximum of $1,650,000,000 in shares of its common stock, $0.01 par value per share (the “Shares”), of which amount: (a) up to $1,500,000,000 in Shares are being offered to the public pursuant to the Company’s primary offering; and (b) up to $150,000,000 in Shares are being offered to stockholders of the Company (the “Stockholders”) pursuant to the Company’s distribution reinvestment plan;

WHEREAS, the net proceeds of the Offering will be invested in a diversified portfolio of commercial real estate loans, commercial real-estate related debt securities and other select real estate equity investments;

WHEREAS, to ensure that the Company had a sufficient amount of funds to pay cash distributions to Stockholders during the Offering, the Company and NRFC entered into a Distribution Support Agreement dated May 2, 2013 (the “Original Agreement”), pursuant to which NRFC agreed to purchase up to an aggregate of $10,000,000 in Shares in accordance with the terms set forth therein;

WHEREAS, the board of directors of the Company determined to extend the term of the Offering until May 6, 2016, and, as a result, the Company and NRFC agreed to amend and restate the Original Agreement on March 4, 2015 (the “Amended and Restated Agreement”) to extend the term of the Original Agreement to ensure that the Company has a sufficient amount of funds to pay cash distributions to Stockholders during the Offering, as extended; 

WHEREAS, the board of directors of the Company determined to reclassify the Shares offered pursuant to the Offering into Class A shares, $0.01 par value per share (the “Class A Shares”), and Class T shares, $0.01 par value per share (the “Class T Shares”), and, as a result, the Company and NRFC agreed to further amend and restate the Amended and Restated Agreement on October 16, 2015 (the “Second Amended and Restated Agreement”) to reflect that any Shares purchased by NRFC pursuant to this Agreement shall be Class A Shares; and 

WHEREAS, the board of directors of the Company has determined to further extend the term of the Offering until November 6, 2016, or such longer period as permitted by law, and, as a result, the Company and NRFC desire to amend and restate the Second Amended and Restated Agreement to extend the term of the Second Amended and Restated Agreement to ensure that the Company has a sufficient amount of funds to pay cash distributions to Stockholders during the Offering, as extended.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1.             Definitions.  The following terms, when used herein, shall have the following meanings:

“Affiliate” means with respect to any Person: (i) any Person directly or indirectly controlling, controlled by, or under common control with such other Person; (ii) any Person directly or indirectly owning, controlling, or holding with the power to vote 10% or more of the outstanding voting securities of such other Person; (iii) any legal entity for which such Person acts as an executive officer, director, trustee, or general partner; (iv) any Person 10% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held, with power to vote, by such other Person; and (v) any executive officer, director, trustee, or general partner of such other Person.

“Agreement” has the meaning set forth in the recitals.

“Business Day” means any day other a Saturday, a Sunday or a day on which banks are required or permitted to close in New York, New York.

“Code” means the Internal Revenue Code of 1986, as amended from time to time, or any successor statute thereto. Reference to any provision of the Code shall mean such provision as in effect from time to time, as the same may be amended, and any successor provision thereto, as interpreted by any applicable regulations as in effect from time to time.

“Company” has the meaning set forth in the recitals.

“Distribution Shortfall” means, with respect to any calendar quarter during the Term, the amount by which Quarterly Distributions exceed MFFO for such quarter or, in the event MFFO is negative, the amount of the Quarterly Distributions for such quarter.

“Invested Capital” means the amount calculated by multiplying the total number of Class A Shares purchased by Stockholders by the Issue Price, reduced by: (i) any amounts paid by the Company to repurchase Class A Shares pursuant to the Company’s plan for redemption of Class A Shares; and (ii) the aggregate amount of net sale proceeds distributed to Stockholders as a result of the sale of one or more of the Company’s investments.

“Issue Date” has the meaning set forth in Section 3(b) hereof.

“Issue Price” means the gross price per Class A Share the original purchasers of Class A Shares paid to the Company for the Class A Shares (as adjusted for any stock dividends, combinations, splits, recapitalizations and the like with respect to the Class A Shares).

“MFFO” means the Company’s modified funds from operations as disclosed in the Company’s Periodic Report filed with respect to the applicable period.

2

“NRFC” has the meaning set forth in the recitals.

“NSAM” means NorthStar Asset Management Group Inc.

“Offering” has the meaning set forth in the recitals.

“Original Agreement” has the meaning set forth in the recitals.

“Periodic Report” means the Company’s quarterly report on Form 10-Q or annual report on Form 10-K, as applicable.

“Person” means an individual, corporation, partnership, estate, trust (including a trust qualified under Section 401(a) or 501(c) (17) of the Internal Revenue Code), a portion of a trust permanently set aside for or to be used exclusively for the purposes described in Section 642(c) of the Code, association, private foundation within the meaning of Section 509(a) of the Code, joint stock company or other entity, or any government or any agency or political subdivision thereof, and also includes a group as that term is used for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended.

“Prospectus” means the prospectus for the Offering, as amended or supplemented, filed with the SEC at or after the effective date of the Company’s registration statement on Form S-11 (including financial statements, exhibits and all other documents related thereto filed as a part thereof or incorporated therein), pursuant to the Securities Act of 1933, as amended, and the applicable rules and regulations of the SEC promulgated thereunder.

“Purchase Price” means, as of any given date, the per share price payable in the Offering, net of the per share selling commissions and dealer manager fees specified in the Prospectus.

“Quarterly Distributions” means the aggregate amount of cash distributions paid to Stockholders during a calendar quarter.

“SEC” means the United States Securities and Exchange Commission.

“Shares” has the meaning set forth in the recitals.

“Stockholders” has the meaning set forth in the recitals.

“Stockholders’ 7% Return” means, as of any date, an aggregate amount equal to a 7% cumulative, non-compounded, annual return on Invested Capital (calculated like simple interest on a daily basis based on a 365 day year).  For purposes of calculating the Stockholders’ 7% Return, Invested Capital shall be determined for each day during the period for which the Stockholders’ 7% Return is being calculated.

3

“Threshold Amount” means an amount equal to the Stockholders’ 7% Return, prorated for such quarter.

“Term” has the meaning set forth in Section 4 hereof.

2.     Share Purchase Commitment.  In the event of a Distribution Shortfall for any calendar quarter during the Term, NRFC shall purchase Class A Shares from the Company in an amount equal to the Distribution Shortfall; provided, however, that NRFC shall not be obligated to purchase Class A Shares for any quarter in which MFFO for such quarter exceeds the Threshold Amount and further provided, that NRFC’s obligation to purchase Class A Shares pursuant to this Agreement shall be limited to an aggregate of $10,000,000 in Class A Shares (including amounts purchased to satisfy the minimum Offering amount).  NRFC’s remaining commitment to purchase Class A Shares under this Agreement shall be limited to an aggregate of $6,106,279 after reductions for (a) NRFC’s initial $2,000,007 purchase of Class A Shares to satisfy the minimum Offering amount and (b) NRFC’s subsequent purchase of 226,262 Class A Shares for an aggregate purchase price of $2,038,738 to fund prior Distribution Shortfalls. Any Class A Shares purchased by NRFC pursuant to this Section 2 shall be purchased pursuant to the Offering and at the Purchase Price in effect as of the date of purchase of the Class A Shares.

3.     Procedure for Purchase of Class A Shares.

(a)   In the event of a Distribution Shortfall, the Company shall deliver to NRFC a written notice within ten (10) Business Days following the Company’s filing with the SEC of its Periodic Report for such calendar quarter specifying the number of Class A Shares to be purchased by NRFC pursuant to Section 2 above and the Company’s calculation of the Distribution Shortfall.

(b)   On the fifth Business Day following the delivery of such notice (the “Issue Date”), the Company shall issue to NRFC the Class A Shares being sold against NRFC’s delivery of an executed subscription for the Offering and payment of the purchase price for such Class A Shares by wire transfer of immediately available funds.

4.     Term.  This Agreement shall be in effect until the earlier of (a) the date of termination of the Offering or (b) the date upon which neither NSAM J-NSII Ltd nor another Affiliate of NSAM is serving as the Company’s Advisor (as such term is defined in the Company’s Articles of Incorporation, as amended from time to time) with responsibility for the Company’s day-to-day operations (the “Term”).

5.             Notices.  All notices shall be in writing and shall be given or made, by delivery in person or by guaranteed delivery overnight courier to NRFC at the address set forth below:

4

NorthStar Realty Finance Corp.
399 Park Avenue, 18th Floor
New York, NY 10022
Attention:  Ronald J. Lieberman, Executive Vice President, General Counsel and Secretary

or to such other address as NRFC may designate to the Company in writing.  Notices shall be effective upon receipt in the case of personal delivery or one Business Day after being sent in the case of delivery by overnight courier.

6.             Voting Agreement.  NRFC agrees, and shall cause any of its Affiliates to whom it may transfer Class A Shares to agree on behalf of itself and to require any subsequent transferees that are Affiliates to agree that, with respect to any Class A Shares purchased pursuant to this Agreement or otherwise acquired, it will not vote or consent on matters submitted to the Stockholders regarding any transaction between the Company and any Affiliate of NRFC, including without limitation, the removal of NSAM J-NSII Ltd or any of its Affiliates as the Company’s Advisor (as such term is defined in the Company’s Articles of Incorporation, as amended from time to time).  This voting restriction shall survive until such time that NSAM J-NSII Ltd or any of its Affiliates is no longer serving as the Company’s Advisor.

7.             Assignment; Third Party Beneficiaries.  This Agreement may not be assigned by either party; provided, however, that NRFC may assign its obligations under this Agreement to any one or more of its Affiliates, but no such assignments shall relieve NRFC of its obligations hereunder.  This Agreement shall inure to the benefit of and shall be binding upon the heirs, executors, administrators, legal representatives, successors and assigns of the parties hereto.

8.             Governing Law.  This Agreement shall be governed by and interpreted in accordance with the laws of the State of New York without reference to conflict of laws provisions.

9.             Amendment.  No amendment, modification or waiver of this Agreement will be valid unless made in writing and duly executed by each party hereto.

10.          Entire Agreement.  This agreement constitutes the entire understanding between the parties with respect to the subject matter hereof.  This agreement may be executed in one or more counterparts.

[The remainder of this page is intentionally left blank.  Signature page follows.]

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above written.

	
			
	 
	 
	 

	 
	 
	 

	 
	NORTHSTAR REAL ESTATE INCOME II, INC.

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Jenny B. Neslin

	 
	Name:
	Jenny B. Neslin

	 
	Title:
	General Counsel and Secretary

	 
	 
	 

	 
	NORTHSTAR REALTY FINANCE CORP.

	 
	 
	 

	 
	By:
	/s/ Ronald J. Lieberman

	 
	Name:
	Ronald J. Lieberman

	 
	Title:
	Executive Vice President, General Counsel and Secretary

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