FFN Third Amendment to Forbearance 14%
Form 8-K for FRIENDFINDER NETWORKS INC.
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20-Jun-2013
Entry into a Material Definitive Agreement, Other Events
Item 1.01 Entry into a Material Definitive Agreement.
The information relating to the entering into of the Third Amendment to the Forbearance Agreements set forth below in "Item 8.01 - Other Events" is incorporated by reference herein.
Item 8.01 Other Events.
On June 19, 2013, FFN and Interactive Network, Inc. ("INI" and collectively with FFN, the "Issuers"), entered into the Third Amendment to the Forbearance Agreements previously entered into on November 5, 2012 and as amended effective on February 4, 2013 and May 6, 2013, with over 93% of the unaffiliated holders of the Issuers' 14% Senior Secured Notes due 2013 and 100% of the holders of the Cash Pay Secured Notes due 2013 (collectively, the "Amendments"). The Amendments extend the forbearance period from June 7, 2013 to July 1, 2013 unless certain events are triggered before such date.
The foregoing summary is qualified in its entirety by reference to the Amendments, copies of which are filed as Exhibits 10.1 and 10.2 to this Form 8-K, and to the (i) Forbearance Agreements, copies of which were filed as Exhibits 10.1 and 10.2 to the Form 8-K filed on November 8, 2012, (ii) Forms of the First Amendment to Forbearance Agreement, dated February 4, 2013, copies of which were filed as Exhibits 10.1 and 10.2 to the Form 8-K filed on February 8, 2013, and (iii) Forms of the Second Amendment to Forbearance Agreement, dated May 6, 2013, copies of which were filed as Exhibits 10.74 and 10.75 to the Form 10-Q for the quarterly period ended March 31, 2013.
(d) Exhibits
Exhibit No. Description
10.1 Form of Third Amendment to Forbearance Agreement entered into
between FriendFinder Networks Inc., Interactive Network, Inc. and
certain holders of the 14% Senior Secured Notes due 2013.
10.2 Form of Third Amendment to Forbearance Agreement entered into
between FriendFinder Networks Inc., Interactive Network, Inc. and
the holders of the Cash Pay Secured Notes due 2013.
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