Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial
Obligation or an Obligation under an OffBalance Sheet Arrangement.
On
As a result of the Default, GameStop provided notice to the Company that it was
exercising its right under the Promissory Note to declare the entire unpaid
balance of all obligations thereunder to be immediately due and payable (the
"Acceleration"). As a result of the Acceleration, a total of
The Company, working through its professional consultants retained on
The foregoing is a summary of certain material terms and conditions of the
Promissory Note, and is not a complete description thereof. Accordingly, the
foregoing is qualified in its entirety by reference to the full text of the form
of Promissory Note attached as Exhibit 10.1 to the Company's Current Report on
Form 8-K filed on
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 4.2* Form of Promissory Note, Reimbursement and Indemnification Agreement and Security Agreement
* Previously filed in the Company's Current Report on Form 8-K, filed on
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