NIGHTFOOD HOLDINGS, INC.: Events Accelerating or Increasing a Direct Financial Liability or a Direct Obligation Under a Balance Sheet, Financial Statements and Exhibit (Form 8-K) | Jobs Reply


Item 2.04 Triggering of events that accelerate or increase a direct financial obligation or an obligation under an off-balance sheet arrangement

As previously disclosed Nightfood Holdings, Inc. (“Company”), on December 10, 2021The Company entered into (a) such Securities Purchase Agreement as of the date hereof December 10, 2021as amended (the “Securities Purchase Agreement”), herewith
Puritan Partners LLCa New York limited liability company (“Puritan partners“), and Verition Multi-Strategy Master Fund Ltd. (“Verition”, and collectively
Puritan partners“Purchasers”) and (b) Notes (as defined in the Securities Purchase Agreement, as amended).

Pursuant to the applicable Note, the Company must, among other things, pay the Purchasers December 10, 2022 (the “Maturity Date”) failure to pay all outstanding principal and accrued and unpaid interest on the Maturity Date (the “Amount Owed”) and the Amount Owed on the Maturity Date shall constitute an Event of Default. The Company did not pay the Debt Amount in accordance with the terms of the Note.

The Company has received a term sheet for additional capital from another lender and is working with that lender and the purchasers to meet the payment obligations in conjunction with the Securities Purchase Agreement.

good December 15, 2022The buyers agreed to a two-week grace period, via
December 29, 2022To allow additional time for the modification and restructuring of the notes and for the Company to make the necessary payments.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits



Exhibit
Number     Description
104        Cover Page Interactive Data File (embedded within the Inline XBRL document)




                                       1

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