SEC Contract Filing

Filing Date: 2020-10-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>live-ex101_47.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
live-ex101_47.htm
</title>
</head>
<!-- NG Converter v5.0.2.50 -->
<body>

<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">EXECUTION VERSION</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;text-align:center;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Hlk36584549"></a><font style="text-decoration:none;">LIMITED WAIVER AND THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT</font></p>
<p style="margin-bottom:0pt;text-align:center;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:bold;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This <font style="font-weight:bold;">LIMITED WAIVER AND THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT </font>(this &#8220;<font style="text-decoration:underline;">Amendment</font>&#8221;) is entered into as of September 30, 2020, by and among the Lenders, <font style="font-weight:bold;">COMVEST CAPITAL IV, L.P.</font>, as agent for the Lenders (the &#8220;<font style="text-decoration:underline;">Agent</font>&#8221;), <font style="font-weight:bold;">VINTAGE STOCK, INC.</font>, a Missouri corporation (the &#8220;<font style="text-decoration:underline;">Borrower</font>&#8221;), and acknowledged and agreed to by <font style="font-weight:bold;">VINTAGE STOCK AFFILIATED HOLDINGS LLC</font>, a Nevada limited liability company and sole equity holder of the Borrower (the &#8220;<font style="text-decoration:underline;">Parent</font>&#8221;), and, other than with respect to Sections 2, 3, 8(a) and 12 of this Amendment, <font style="font-weight:bold;">LIVE VENTURES INCORPORATED</font>, a Nevada corporation (the &#8220;<font style="text-decoration:underline;">Sponsor</font>&#8221;).</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">W I T N E S S E T H</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, the Borrower, the Parent, the Lenders from time to time party thereto and Agent are party to that certain Amended and Restated Credit Agreement, dated as of June 7, 2018 (as amended, restated, supplemented, or otherwise modified from time to time, the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Credit Agreement</font><font style="font-weight:normal;">&#8221;); </font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, the Borrower has failed to comply with Sections 6.18(b), (c), (d) and (e) of the Credit Agreement as of September 15, 2020 as no Covenant Reset Determination was made by such date, which resulted in Events of Default under Section 7.01(c) of the Credit Agreement (the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Financial Covenant Defaults</font><font style="font-weight:normal;">&#8221;); </font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, the Specified Events of Default have caused the occurrence of &#8220;Events of Default&#8221; under the Revolving Loan Credit Agreement, which resulted in Events of Default under Section 7.01(f)(y) of the Credit Agreement (the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Specified Cross Defaults</font><font style="font-weight:normal;">&#8221; and, together with the Financial Covenant Defaults, the &#8220;</font><font style="text-decoration:underline;font-weight:normal;">Specified Events of Default</font><font style="font-weight:normal;">&#8221;); and</font></p>
<p style="text-align:justify;margin-bottom:11pt;margin-top:0pt;text-indent:15.38%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, the Borrower (i) proposes to make certain amendments to the Credit Agreement and (ii) requests that the Agent and Lenders waive the Specified Events of Default, and the Agent and the Lenders party hereto are willing to agree to make such amendments and waive the Specified Events of Default on the terms and conditions set forth herein.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transf