GLASSBRIDGE ENTERPRISES, INC. : Entry into a Material Definitive Agreement (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement

Demand Note with Sport-BLX

On December 27, 2019, Sport-BLX, Inc. ("Sport-BLX") issued an unsecured demand note, effective as of December 27, 2019, to Glassbridge Enterprises, Inc. (the "Company") in the aggregate principal amount of $250,000 (the "Demand Note"). The Demand Note bears interest at an 8% annual rate and matures upon the earlier to occur of (a) demand by the Company, or (b) April 1, 2020. Certain directors and executive officers of Sport-BLX are also directors or executive officers of the Company, and George Hall is Sport-BLX's principal executive officer.

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