Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) The information described under Item 7.01 below is incorporated by reference
in this Item 5.02.
Item 7.01 Regulation FD Disclosure.
Effective as of January 1, 2021, LiveXLive Media, Inc. (the "Company") resumed
paying the monthly base salary of its Chief Executive Officer (the "CEO") in
cash instead of shares of the Company's restricted common stock, $0.001 par
value per share (the "common stock"). As previously announced, from August 1,
2020 through December 31, 2020, the CEO agreed to receive his monthly base
salary in shares of common stock.
The information in this Item 7.01 of this Current Report on Form 8-K shall not
be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated by reference in
any filing under the Exchange Act or the Securities Act of 1933, as amended (the
"Securities Act"), except as shall be expressly set forth by reference in such a
filing.
Item 8.01 Other Events.
On January 11, 2021, the Company entered into an Amendment of Notes Agreement
(the "Amendment Agreement") with Trinad Capital Master Fund Ltd. ("TCMF"), a
related party, pursuant to which the maturity date of all of the Company's
Unsecured Convertible Notes issued to TCMF was extended to May 31, 2022, and in
consideration of such extension, the interest rate payable under such notes
increased to 8.5% and the Company shall issue to TCMF 280,000 shares of its
common stock. The shares will be issued in a private placement that will rely
upon an exemption from registration provided by Section 4(a)(2) of the
Securities Act and/or Regulation D promulgated thereunder.
1
© Edgar Online, source Glimpses
LIVEONE, INC. 
