X0306 4 2019-03-18 0 0000894871 theMaven, Inc. MVEN 0000919484 STROME MARK E 100 WILSHIRE BLVD., SUITE 1750 SANTA MONICA CA 90401 0 0 1 0 12% Senior Secured Subordinated Convertible Debenture 0.40 2019-03-18 4 P 0 1500000.00 1500000.00 A 2020-12-31 Common Stock 1 I See Footnote The reported security is owned directly by Strome Mezzanine Fund II, LP (the "Fund"). Strome Investment Management, L.P. ("SIM") is the general partner of the Fund and may be deemed to beneficially own the reported security under Section 13(d) of the Securities Exchange Act of 1934 (the "Exchange Act"). Strome Group Inc. ("SG") is the general partner of SIM and may also be deemed to beneficially own the reported security under Section 13(d) of the Exchange Act. Mark E. Strome is the President and CEO of SG and may also be deemed to beneficially own the reported security under Section 13(d) of the Exchange Act. SIM, SG and Mr. Strome disclaim beneficial ownership of the reported security for purposes of Section 16 of the Exchange Act, except the extent of their respective pecuniary interest in the security. The Fund, SIM, SG and Mr. Strome are hereby referred to as the "Reporting Persons". Subject to the conversion limitation (described in note 3) and the issuer receiving shareholder approval to increase its authorized shares of common stock, the reported security is convertible into common stock at the option of the Fund at any time prior to the maturity date on December 31, 2020. The reported security is subject to a conversion limitation that prohibits the issuer from effecting a conversion of the reported security into common stock if giving effect to the conversion would cause the holder to beneficially own (together with its affiliates or any "group" members) in excess of 4.99% of the common stock (or, upon notice by the holder, in excess of 9.99% of the common stock). As beneficial owners of more than 10% of the common stock, the Reporting Persons are effectively barred from converting the reported security into additional shares of common stock. Absent this conversion limitation and assuming the issuer receives shareholder approval to increase its authorized shares of common stock, the reported security would be convertible into 3,750,000 shares of the issuer's common stock at the election of the Fund. /s/Mark E. Strome 2019-03-20