SEC Contract Filing

Filing Date: 2015-09-23

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>a15-19876_1ex10d1.htm
<DESCRIPTION>EX-10.1
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<p align="right" style="margin:0in 0in .0001pt;punctuation-wrap:simple;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.1</font></b></p>
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<p align="right" style="margin:0in 0in .0001pt;punctuation-wrap:simple;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Execution Copy</font></p>
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<p align="center" style="margin:0in 0in .0001pt;punctuation-wrap:simple;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SUBSCRIPTION AGREEMENT</font></p>
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<p style="margin:0in 0in .0001pt;punctuation-wrap:simple;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This SUBSCRIPTION AGREEMENT (this &#147;<u>Agreement</u>&#148;) is dated as of September&nbsp;17, 2015, by and between SFX Entertainment,&nbsp;Inc., a Delaware corporation (the &#147;<u>Company</u>&#148;), and Sillerman Investment Company III LLC, a Delaware limited liability company (the &#147;<u>Subscriber</u>&#148;).</font></p>
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<p style="margin:0in 0in .0001pt;punctuation-wrap:simple;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Company desires to issue and sell to the Subscriber, and the Subscriber desires to subscribe for and purchase from the Company, an aggregate of 300 shares (the &#147;<u>Sale Shares</u>&#148;) of Series&nbsp;A Preferred Stock of the Company, par value $0.001 per share (&#147;<u>Series&nbsp;A Preferred Stock</u>&#148;), having the terms set forth in the Certificate of Designations, Rights and Preferences of the Series&nbsp;A Preferred Stock of the Company, dated as of September&nbsp;17, 2015 (the &#147;<u>Certificate of Designations</u>&#148;), a copy of which is attached hereto as <u>Annex A</u>.</font></p>
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<p style="margin:0in 0in .0001pt;punctuation-wrap:simple;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, in consideration of the premises and the mutual agreements set forth in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:</font></p>
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<p align="center" style="margin:0in 0in .0001pt;punctuation-wrap:simple;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE&nbsp;I</font></p>
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<p align="center" style="margin:0in 0in .0001pt;punctuation-wrap:simple;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SUBSCRIPTION; CLOSING; DELIVERIES</font></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;punctuation-wrap:simple;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Initial Closing</u>.&#160; The purchase and sale of the Sale Shares shall take place at one or more closings (each of which is referred to in this Agreement as a &#147;<u>Closing</u>&#148;).&#160; The initial Closing (the &#147;<u>Initial Closing</u>&#148;) of the transactions contemplated by this Agreement shall take place at the offices of Fried, Frank, Harris, Shriver&nbsp;&amp; Jacobson LLP, at One New York Plaza, New York, New York 10004 on the date hereof simultaneously with the execution and delivery of this Agreement by all parties hereto (such date, the &#147;<u>Closing Date</u>&#148;).&#160; Subject to the terms and conditions hereof, at the Initial Closing, the Subscriber shall subscribe for and purchase from the Company 150 Sale Shares for an initial subscription price of $15,000,000 (the &#147;<u>Initial Subscription Price</u>&#148;), and the Company shall issue and sell such Sale Shares to the Subscriber at the Initial Subscription Price.</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;punctuation-wrap:simple;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Subsequent Closings</u>.&#160; Subject to the terms and conditions of this Agreement, the Company shall issue and sell to the Subscriber at six (6)&nbsp;subsequent Closings (each, a &#147;<u>Subsequent Closing</u>&#148;) over the thirty (30) day period following the Initial Closing 25 Sale Shares for