Effective June 30, 2024, Bright Mountain Media, Inc. and its subsidiaries, CL Media Holdings LLC, Bright Mountain LLC, MediaHouse, Inc., Deep Focus Agency LLC, and BV Insights LLC, Centre Lane Partners and the lenders party thereto entered into the Twentieth Amendment to Amended and Restated Senior Secured Credit Agreement (the ?Twentieth Amendment?) to amend certain terms of the Credit Agreement. All capitalized terms used below and not defined have the respective meanings ascribed to them in the Twentieth Amendment. The principal changes to the Credit Agreement made in the Twentieth Amendment, include but are not limited to, the following terms: Extending the maturity date of the Nineteenth Amendment Term Loan from June 30, 2024 to December 31, 2024; Changing the repayment of the Nineteenth Amendment Term Loan so that commencing September 30, 2024, the Company commences repayment by making four monthly payments of principal and interest with the balance payable on December 31, 2024; Adjusting the amortization of the Last Out Loans so that quarterly installments of $100,000 commence on September 30, 2024, with such quarterly payments increasing to 2.5% of the amount outstanding under such loans (including capitalized PIK Interest) commencing on March 31, 2025 (previously such increased payments started on March 31, 2024); Changing the Last Out Loan PIK Rate to the Term SOFR plus 7% until December 31, 2024 (previously in place only until June 30, 2024), and to the Term SOFR plus 5% (previously 2%) thereafter; Conversion of interest payable on the First Out Loans from April 2024 until June 30, 2025 from a combination of cash and PIK to solely PIK at the rate of 15% with an option to maintain such terms after June 30, 2025 in exchange for an additional 2% PIK fee or transition to payments made 10% PIK and 5% in cash; Extending the due date for the 5% exit fee with respect to the Nineteenth Amendment Term Loan to December 31, 2024; and Agreeing to pay an amendment fee equal to 2% of the principal amount of the Seventeenth Amendment Term Loan and Nineteenth Amendment Term Loan, which amount was paid-in-kind by adding the amount of such amendment fee to the outstanding principal balance.