Cinedigm Corp. announced that on December 29, 2017, Cinedigm Corp. entered into a term loan agreement with Bison Entertainment and Media Group, an affiliate of Bison Capital Holding Company Limited pursuant to which the company borrowed from Bison $10,000,000. The Loan matures on June 28, 2021 and bears interest at 5% per annum, payable quarterly in cash. The principal is payable upon maturity. The Loan is unsecured and may be prepaid without premium or penalty, and contains customary covenants, representations and warranties. The proceeds of the Loan will be used for working capital and general corporate purposes. In connection with the Loan, the company issued to Bison a warrant to purchase 1,400,000 shares of the company's Class A common stock. The Warrant has a 5-year term and is immediately exercisable at $1.80 per share.