Litigation Warrant Agreement (August 22nd, 2013)
THIS WARRANT AGREEMENT (this "Agreement"), dated as of August 19, 2013, is entered into by and between Piksel, Inc., a Delaware corporation (the "Corporation"), and Continental Stock Transfer & Trust Company, a New York corporation (the "Warrant Agent").
Warrant Agreement (August 22nd, 2013)
THIS WARRANT AGREEMENT(this " Agreement"), dated as of August 19, 2013, is entered into by and between Piksel, Inc., a Delaware corporation (the "Corporation"), and Continental Stock Transfer & Trust Company, a New York corporation (the "Warrant Agent").
THIRD AMENDED PLAN OF REORGANIZATION DATED: August 6, 2013 (August 14th, 2013)
Page Article I DEFINED TERMS, RULES OF INTERPRETATION, AND COMPUTATION OF TIME 1 Section 1.01 Scope of Defined Terms; Rules of Construction 1 Section 1.02 Defined Terms 1 Section 1.03 Rules of Interpretation 11 Section 1.04 Computation of Time 11 Section 1.05 Reference to Monetary Figures 12 Section 1.06 Reference to the Debtor or Reorganized KDI 12 Section 1.07 Exhibits and Plan Supplement 12 Section 1.08 Deemed Acts 12 Article II UNCLASSIFIED CLAIMS (NOT ENTITLED TO VOTE ON THIS PLAN) 12 Section 2.01 Treatment of Administrative Claims 13 Section 2.02 Treatment of DIP Facility Claims 13 Section 2.03 Bar Dates for Certain Claims 1
KIT Digital Provides Details on Warrants; Announces Agreement Between Its Senior Lender and Its Plan Sponsor (June 5th, 2013)
NEW YORK, NY, June 4, 2013 - KIT digital, Inc. (the "Company"), a global provider of digital television and media solutions, filed an update to its Plan of Reorganization (the "Plan") which, among other things, provides additional details on the Reorganized KDI Warrants that KIT digital shareholders will receive under the Plan. As previously announced, the Plan includes a recapitalization of the Company which is fully backstopped by three of the Company's largest shareholders, Prescott Group Capital Management, JEC Capital Partners, and Ratio Capital Partners (collectively the "Plan Sponsor Group"), and it includes an opportunity for all existing shareholders to participate in the recapitalization. The Plan contemplates that all vendors and suppliers will be paid in full for all valid pre-petition claims based on existing estimates of allowed general unsecured claims.
Forbearance Agreement (April 16th, 2013)
THIS FORBEARANCE AGREEMENT is dated as of the 10th day of April 2013 (the "Effective Date"), by and among KIT DIGITAL, INC., a Delaware corporation (the "Borrower"), and VENTURE LENDING & LEASING V, INC. ("VLL5") and VENTURE LENDING & LEASING VI, INC. ("VLL6"), each a Maryland corporation (each individually, a "Lender" and collectively, the "Lenders").