Item 1.01. Entry into a Material Definitive Agreement
On March 10, 2021 CCUR Holdings, Inc. (the "Company") entered into an Equity
Purchase Agreement (the "Agreement") to sell its remaining equity interests in,
LM Capital Solutions, LLC ("LMCS"), a majority-owned subsidiary of the Company,
to AZOKKB, LLC (formerly Luxemark Capital LLC) ("AZOKKB"), the minority owner.
of LMCS. This transaction accelerated the planned transfer of the LMCS ownership
interest and removed the obligation of LMCS management from CCUR personnel
The foregoing description of the terms and conditions of the Agreement, does not
purport to be a complete and is qualified in its entirety by reference to the
complete text of the Agreement, a copy of which is filed as Exhibit 10.1 and is
incorporated into this item 1.01 by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
10.1 Equity Purchase Agreement dated as of March 10, 2021, by and between CCUR
Holdings, Inc., AZOKKB, LLC, LM Capital Solutions, LLLC and Avraham
Zeines.
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