SEC Contract Filing

Filing Date: 2022-04-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.75
<SEQUENCE>9
<FILENAME>imbi-20220129xex10d75.htm
<DESCRIPTION>EX-10.75
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.14.0.96--><!--Created on: 4/29/2022 10:14:36 AM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-size:11pt;font-weight:bold;">Exhibit 10.75</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">EXECUTION VERSION</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-size:11pt;font-weight:bold;">THIRD AMENDMENT TO</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-size:11pt;font-weight:bold;">LOAN AND SECURITY AGREEMENT</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:11pt;">THIS THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT (this &#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">Amendment</font><font style="font-size:11pt;">&#8221;), dated as of February 25, 2022, is entered into by and among&#160;IMEDIA BRANDS, INC., a Minnesota corporation (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">iMedia</font><font style="font-size:11pt;">&#8221; or &#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">Borrowing Agent</font><font style="font-size:11pt;">&#8221;), VALUEVISION INTERACTIVE, INC., a Minnesota corporation (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">Value Interactive</font><font style="font-size:11pt;">&#8221;), VALUEVISION RETAIL, INC., a Delaware corporation (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">Value Retail</font><font style="font-size:11pt;">&#8221;), PW ACQUISITION COMPANY, LLC, a Minnesota limited liability company (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">PW Acquisition</font><font style="font-size:11pt;">&#8221;), FL ACQUISITION COMPANY, a Minnesota corporation (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">FL Acquisition</font><font style="font-size:11pt;">&#8221;), VALUEVISION MEDIA ACQUISITIONS, INC., a Delaware corporation (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">Value Media</font><font style="font-size:11pt;">&#8221;), TCO, LLC, a Delaware limited liability company (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">TCO</font><font style="font-size:11pt;">&#8221;), JWH ACQUISITION COMPANY, a Minnesota corporation (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">JWH Acquisition</font><font style="font-size:11pt;">&#8221;), NORWELL TELEVISION, LLC, a Delaware limited liability company (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">Norwell</font><font style="font-size:11pt;">&#8221;), 867 GRAND AVENUE LLC, a Minnesota limited liability company (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">867 Grand Avenue</font><font style="font-size:11pt;">&#8221; and together with iMedia, Value Interactive, Value Retail, PW Acquisition, FL Acquisition, Value Media, TCO, JWH Acquisition, Norwell, and any other Person who from time to time becomes a Borrower under the Loan Agreement, collectively, the &#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">Borrowers</font><font style="font-size:11pt;">&#8221; and each individually, a &#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">Borrower</font><font style="font-size:11pt;">&#8221;), VVI FULFILLMENT CENTER, INC., a Minnesota corporation (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">VVI Fulfillment</font><font style="font-size:11pt;">&#8221;), EP PROPERTIES, LLC, a Minnesota limited liability company (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">EP Properties</font><font style="font-size:11pt;">&#8221;), PORTAL ACQUISITION COMPANY, a Minnesota corporation (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">Portal</font><font style="font-size:11pt;">&#8221;), IMEDIA&amp;123TV HOLDING GMBH (&#8220;</font><font style="font-size:11pt;font-style:italic;font-weight:bold;">iMedia&amp;123tv Holding</font><font style="font-size:11pt;">&#8221; and together with VVI Fulfillment, EP Properties, Portal and any other Affiliates of the Borrowers who become signatory to the Loan Agreement from time to time as guarantors, if any, each a &#8220;</font><font style="font-size:11pt;font-style:i