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Mediaco Holding Inc. – ‘10-K’ for 12/31/21 – ‘EX-10.12’

On:  Thursday, 3/24/22, at 7:30am ET   ·   For:  12/31/21   ·   Accession #:  1564590-22-11571   ·   File #:  1-39029

Previous ‘10-K’:  ‘10-K’ on 3/30/21 for 12/31/20   ·   Next:  ‘10-K’ on 3/31/23 for 12/31/22   ·   Latest:  ‘10-K/A’ on 4/29/24 for 12/31/23   ·   11 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/24/22  Mediaco Holding Inc.              10-K       12/31/21   89:10M                                    ActiveDisclosure/FA

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.08M 
 2: EX-3.2      Articles of Incorporation/Organization or Bylaws    HTML    122K 
 3: EX-10.12    Material Contract                                   HTML     33K 
 4: EX-21       EX-21 Subsidiaries of Mediaco                       HTML     25K 
 5: EX-23       Consent of Expert or Counsel                        HTML     25K 
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     32K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     32K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     27K 
 9: EX-32.2     Certification -- §906 - SOA'02                      HTML     27K 
15: R1          Document and Entity Information                     HTML    104K 
16: R2          Consolidated Statements of Operations               HTML     87K 
17: R3          Consolidated Balance Sheets                         HTML    174K 
18: R4          Consolidated Balance Sheets (Parenthetical)         HTML     55K 
19: R5          Consolidated Statements of Changes in Retained      HTML     65K 
                Deficit                                                          
20: R6          Consolidated Statements of Cash Flows               HTML    122K 
21: R7          Summary of Significant Accounting Policies          HTML    113K 
22: R8          Common Stock                                        HTML     32K 
23: R9          Convertible Preferred Stock                         HTML     32K 
24: R10         Share Based Payments                                HTML     65K 
25: R11         Revenue                                             HTML     83K 
26: R12         Long-Term Debt                                      HTML    119K 
27: R13         Fair Value Measurements                             HTML     36K 
28: R14         Acquisition                                         HTML     28K 
29: R15         Leases                                              HTML     81K 
30: R16         Intangible Assets and Goodwill                      HTML    133K 
31: R17         Asset Retirement Obligations                        HTML     48K 
32: R18         Other Commitments and Contingencies                 HTML     44K 
33: R19         Income Taxes                                        HTML    146K 
34: R20         Segment Information                                 HTML    141K 
35: R21         Employee Retention Credits                          HTML     27K 
36: R22         Related Party Transactions                          HTML     41K 
37: R23         Subsequent Events                                   HTML     28K 
38: R24         Summary of Significant Accounting Policies          HTML    153K 
                (Policies)                                                       
39: R25         Summary of Significant Accounting Policies          HTML     89K 
                (Tables)                                                         
40: R26         Share Based Payments (Tables)                       HTML     66K 
41: R27         Revenue (Tables)                                    HTML     73K 
42: R28         Long-Term Debt (Tables)                             HTML    100K 
43: R29         Leases (Tables)                                     HTML     82K 
44: R30         Intangible Assets and Goodwill (Tables)             HTML    126K 
45: R31         Asset Retirement Obligations (Tables)               HTML     48K 
46: R32         Other Commitments and Contingencies (Tables)        HTML     41K 
47: R33         Income Taxes (Tables)                               HTML    145K 
48: R34         Segment Information (Tables)                        HTML    136K 
49: R35         Summary of Significant Accounting Policies -        HTML     66K 
                Additional Information (Details)                                 
50: R36         Summary of Significant Accounting Policies -        HTML     32K 
                Activity in Allowance for Doubtful Accounts                      
                (Details)                                                        
51: R37         Summary of Significant Accounting Policies -        HTML     49K 
                Reconciliation of Basic and Diluted Net Loss per                 
                Share Attributable to Common Shareholders                        
                (Details)                                                        
52: R38         Summary of Significant Accounting Policies -        HTML     38K 
                Schedule of Convertible Equity Shares and                        
                Restricted Stock Awards Excluded from Calculation                
                of Diluted Net Loss per Share (Details)                          
53: R39         Common Stock - Additional Information (Details)     HTML     50K 
54: R40         Convertible Preferred Stock - Additional            HTML     52K 
                Information (Details)                                            
55: R41         Share Based Payments - Schedule of Restricted       HTML     47K 
                Stock Grants Outstanding and Restricted Stock                    
                Activity (Details)                                               
56: R42         Share Based Payments - Additional Information       HTML     32K 
                (Details)                                                        
57: R43         Share Based Payments - Schedule of Stock-Based      HTML     32K 
                Compensation Expense Recognized (Details)                        
58: R44         Revenue - Additional Information (Details)          HTML     30K 
59: R45         Revenue - Schedule of Disaggregation of Revenue     HTML     53K 
                (Details)                                                        
60: R46         Long-Term Debt - Schedule of Long-Term Debt         HTML     44K 
                (Details)                                                        
61: R47         Long-Term Debt - Additional Information (Details)   HTML    177K 
62: R48         Long-Term Debt - Schedule of Mandatory Principal    HTML     47K 
                Payments of Long-Term Debt (Details)                             
63: R49         Fair Value Measurements - Additional Information    HTML     39K 
                (Details)                                                        
64: R50         Acquisition - Additional Information (Details)      HTML     46K 
65: R51         Leases - Additional Information (Details)           HTML     26K 
66: R52         Leases - Schedule of Impact of Operating Leases to  HTML     38K 
                Consolidated Financial Statements (Details)                      
67: R53         Leases - Schedule of Annual Minimum Lease Payments  HTML     44K 
                of Operating Lease Liabilities (Details)                         
68: R54         Leases - Schedule of Minimum Fixed Lease            HTML     33K 
                Consideration Under Non-cancelable Operating                     
                Leases Excluding Variable Lease Consideration                    
                (Details)                                                        
69: R55         Intangible Assets and Goodwill - Schedule of        HTML     43K 
                Intangible Assets (Details)                                      
70: R56         Intangible Assets and Goodwill - Additional         HTML     50K 
                Information (Details)                                            
71: R57         Intangible Assets and Goodwill - Summary of         HTML     37K 
                Methodology Used in Valuation of FCC Licenses                    
                (Details)                                                        
72: R58         Intangible Assets and Goodwill - Schedule of        HTML     40K 
                Definite-Lived Intangible Assets (Details)                       
73: R59         Asset Retirement Obligations - Schedule of          HTML     36K 
                Information Related to Asset Retirement                          
                Obligations (Details)                                            
74: R60         Other Commitments and Contingencies - Various       HTML     30K 
                Commitments for Material Contracts (Details)                     
75: R61         Other Commitments and Contingencies - Additional    HTML     26K 
                Information (Details)                                            
76: R62         Income Taxes - Schedule of Components of Income     HTML     37K 
                Tax Provision (Details)                                          
77: R63         Income Taxes - Schedule of Income Tax Provision     HTML     43K 
                Reconciliation (Details)                                         
78: R64         Income Taxes - Schedule of Components of Deferred   HTML     55K 
                Tax Assets and Deferred Tax Liabilities (Details)                
79: R65         Income Taxes - Additional Information (Details)     HTML     40K 
80: R66         Segment Information - Additional Information        HTML     27K 
                (Details)                                                        
81: R67         Segment Information - Schedule of Results of        HTML     61K 
                Operations of Business Segments (Details)                        
82: R68         Employee Retention Credits - Additional             HTML     38K 
                Information (Details)                                            
83: R69         Related Party Transactions - Additional             HTML    219K 
                Information (Details)                                            
84: R70         Subsequent Events - Additional Information          HTML     40K 
                (Details)                                                        
87: XML         IDEA XML File -- Filing Summary                      XML    158K 
85: XML         XBRL Instance -- mdia-10k_20211231_htm               XML   2.40M 
86: EXCEL       IDEA Workbook of Financial Reports                  XLSX    105K 
11: EX-101.CAL  XBRL Calculations -- mdia-20211231_cal               XML    211K 
12: EX-101.DEF  XBRL Definitions -- mdia-20211231_def                XML    772K 
13: EX-101.LAB  XBRL Labels -- mdia-20211231_lab                     XML   1.46M 
14: EX-101.PRE  XBRL Presentations -- mdia-20211231_pre              XML   1.13M 
10: EX-101.SCH  XBRL Schema -- mdia-20211231                         XSD    212K 
88: JSON        XBRL Instance as JSON Data -- MetaLinks              434±   660K 
89: ZIP         XBRL Zipped Folder -- 0001564590-22-011571-xbrl      Zip    279K 


‘EX-10.12’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <!   C: 

Exhibit 10.12

 

AMENDMENT NO. 1 TO UNSECURED CONVERTIBLE PROMISSORY NOTE

 

THIS AMENDMENT NO. 1 TO UNSECURED CONVERTIBLE PROMISSORY NOTE (this “Amendment”), dated as of March [●], 2022, is by and between MediaCo Holding Inc., an Indiana corporation (the “Company”), and SG Broadcasting LLC, a Delaware limited liability company (the “Holder”).

 

BACKGROUND

 

WHEREAS, the Company issued to the Holder that certain Unsecured Convertible Promissory Note, dated as of May 19, 2021 (the “Note”);

 

WHEREAS, the Note provided for the loan by the Company of up to $7,000,000, of which $3,000,000 was contributed the Holder to the Company on or about May 19, 2021 and an additional $1,000,000 was contributed the Holder to the Company on or about June 1, 2021, with the remaining $3,000,000 committed through June 30, 2022; and

 

WHEREAS, the Company and the Holder desire to amend the Note to provide that the remaining $3,000,000 shall be committed through June 30, 2023.

 

NOW, THEREFORE, in consideration of the foregoing recitals, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

AGREEMENT

 

1.Amendment to the Note.  Effective immediately upon the execution of this Amendment, the date June 30, 2022 in Section 18 of the Note shall be replaced by the date June 30, 2023.

2.Miscellaneous.

(a)This Amendment and any term of this Amendment may be amended, terminated or waived only with the written consent of the Company and the Holder.

(b)This Amendment may be executed in any number of counterparts (including facsimile or PDF counterparts), each of which will be deemed an original, but all of which together will constitute one and the same instrument.

(c)Except as otherwise provided herein, the Note shall remain in full force and effect, unmodified hereby.

[SIGNATURE PAGE FOLLOWS]

 

 

 

 


 

 

DB1/ 128373354.1

 

 

 

 


Exhibit 10.12

IN WITNESS WHEREOF, each of the Company and the Holder has executed and delivered this Amendment on the date first above written.

 

 

MEDIACO HOLDING INC.

 

 

 

B

 

By:

 

 

Name:

Ann C. Beemish

 

Title:

Executive Vice President, Chief Financial Officer and Treasurer

 

 

ACCEPTED AND AGREED:

 

SG BROADCASTING LLC

 

 

 

 

By:  ________________________________

        Soohyung Kim

        Managing Member

 

[Signature Page to Amendment No. 1 to Unsecured Convertible Promissory Note]

DB1/ 128373354.1

 

 

 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
6/30/23
6/30/22SC 13D/A
Filed on:3/24/22SC 13D/A
For Period end:12/31/21
6/1/21
5/19/218-K
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/29/24  Mediaco Holding Inc.              10-K/A     12/31/23   13:766K                                   Broadridge Fin’l So… Inc
 4/01/24  Mediaco Holding Inc.              10-K       12/31/23   83:7.2M
 3/31/23  Mediaco Holding Inc.              10-K       12/31/22   84:7.8M
 5/12/22  Mediaco Holding Inc.              10-Q        3/31/22   62:6.8M                                   ActiveDisclosure/FA


7 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/12/21  Mediaco Holding Inc.              10-Q        9/30/21   70:10M                                    ActiveDisclosure/FA
 5/21/21  Mediaco Holding Inc.              8-K:1,2,5,8 5/19/21   87:6.7M                                   Donnelley … Solutions/FA
 4/02/21  Mediaco Holding Inc.              DEF 14A     5/13/21    1:2.5M                                   ActiveDisclosure/FA
 8/31/20  Mediaco Holding Inc.              8-K:1,2     8/28/20    2:98K                                    ActiveDisclosure/FA
 8/14/20  Mediaco Holding Inc.              10-Q        6/30/20   74:7.6M                                   ActiveDisclosure/FA
 3/27/20  Mediaco Holding Inc.              10-KT      12/31/19   85:8.8M                                   ActiveDisclosure/FA
 3/02/20  Mediaco Holding Inc.              8-K:1,2,5,9 2/28/20    3:177K                                   ActiveDisclosure/FA
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Filing Submission 0001564590-22-011571   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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