Financial Obligation (Form 8-K)

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

Bright Mountain Media, Inc. (the "Company") and its subsidiaries are parties to an Amended and Restated Senior Secured Credit Agreement between itself, the lenders party thereto (the "Lenders"), and Centre Lane Partners Master Credit Fund II, L.P., as Administrative Agent and Collateral Agent ("Centre Lane Partners"), dated June 5, 2020, as amended (the "Credit Agreement").

On June 30, 2026, the Company 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 entered into the Twenty-Seventh Amendment to Amended and Restated Senior Secured Credit Agreement (the "Twenty-Seventh Amendment") to amend certain terms of the Credit Agreement, effective as of June 29, 2026. All capitalized terms used below and not defined have the respective meanings ascribed to them in the Twenty-Seventh Amendment. The principal changes to the Credit Agreement made in the Twenty-Seventh Amendment include, but are not limited to, the following:

In connection with the Twenty-Seventh Amendment and as consideration therefor, the Company agreed to issue a number of shares of the common stock of the Company, par value $0.01 per share (the "Common Stock"), equal to 1.5% of the fully-diluted pro forma ownership of the Company as of June 30, 2026, or 2,980,903 shares of Common Stock, to Centre Lane Partners. Following such issuance, Centre Lane Partners and its affiliates collectively beneficially own approximately 28.8% of the Common Stock.

Approximately $1.7 million will be due under the Credit Agreement as of September 30, 2026, and approximately $93.2 million will be due under the Credit Agreement as of December 20, 2026, which is the maturity date of the Credit Agreement.