LOTON, CORP (OTCMKTS:LIVX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02.

(b)(c)On April 12, 2017, Loton, Corp (the Company) appointed
Jerry Gold to serve as the full-time Chief Financial Officer and
Executive Vice President of the Company and LiveXLive, Corp.
(LXL), the Companys wholly owned subsidiary. Mr. Gold shall also
assume the role of Principal Accounting Officer of the Company.
In connection with his appointment, the Company intends to enter
into an employment agreement with Mr. Gold in the near future and
the terms of such agreement will be disclosed by an amendment to
this Current Report.

In connection with such appointment, on April 14, 2017, David
Wells, the Interim Principal Financial Officer (Interim Principal
Accounting Officer) of the Company, notified the Company of his
decision to resign from all of his positions with the Company,
effective as of April 12, 2017. Mr. Wells resignation was not due
to any disagreement with the Company and was a result of the
Company hiring a full-time Chief Financial Officer. Mr. Wells
will continue to provide to the Company certain accounting and
other financial services to an existing consulting agreement
between the Company and StoryCorp Consulting (d/b/a Wells
Compliance Group).

Mr. Gold, age 71 Prior to his appointment as the Companys Chief
Financial Officer and Executive Vice President, Mr. Gold served
as a Strategic Financial Advisor to Robert Ellin, the Executive
Chairman and President of the Company, since February 2017. From
January 2016 to April 2017, Mr. Gold served as the Managing
Director of Pacific Capital Partners LLC, an investment firm
arranging debt and equity financing for real estate, technology
and entertainment ventures. From September 2014 to January 2017,
Mr. Gold served as a Co-Founder and the Chief Executive Officer
of Biometrcs Technology International Inc., a startup developing
patented authentication and security technology to replace
passwords. From 2011 to June 2013, Mr. Gold served as the Chief
Executive Officer of Bonded Services Inc., one of the leading
providers of asset management services for the media and
entertainment market. Mr. Gold has been a music and entertainment
executive for the past 37 years, including serving as the
Executive Vice President and Chief Financial Officer of Warner
Music Group for nearly a decade. In addition to his
responsibilities as Warner Musics Chief Financial Officer, he
extended his focus to strategic planning, mergers and
acquisitions and joint ventures. Mr. Gold also managed Warner
Musics investment in Columbia House, a direct marketing joint
venture with Sony Music, and was a member of the Board of
Directors. Mr. Gold was also a partner at Ernst Young for 12
years and led the firms media and entertainment practice where he
was responsible for clients like Time Warner, PolyGram, Boston
Ventures and Silver Screen Partners. Mr. Gold received his
Bachelor of Business Administration degree from Baruch College
and is a Certified Public Accountant.

Other than the Companys prior intention to hire Mr. Gold as its
full-time Chief Financial Officer, there is no arrangement or
understanding between Mr. Gold and any other persons to which Mr.
Gold was appointed to his position.There are no family
relationships between Mr. Gold and any of the Companys officers
or directors.Prior to being appointed as the Companys Chief
Financial Officer and Executive Vice President, Mr. Gold entered
into a consulting agreement with the Company to which he received
15,000 shares of the Companys common stock as payment for certain
consulting services provided to the Company under that agreement.
Other than as described herein, there are no other transactions
to which the Company or any of its subsidiaries is a party in
which Mr. Gold has a material interest subject to disclosure
under Item 404(a) of Regulation S-K.

On April 12, 2017, the Company issued a press release announcing
the appointment of Mr. Gold as the Chief Financial Officer and
Executive Vice President. A copy of the Companys press release is
attached hereto as Exhibit99.1.

The information in this Item 7.01, including Exhibit 99.1
attached hereto, is furnished to Item 7.01 and shall not be
deemed filed for any other purpose, including for the purposes of
Section 18 of the Securities Exchange Act of 1934, as amended
(the Exchange Act), or otherwise subject to the liabilities of
that Section. The information in this Item 7.01 of this Current
Report shall not be deemed incorporated by reference into any
filing under the Securities Act of 1933, as amended, or the
Exchange Act regardless of any general incorporation language in
such filing unless specifically provided otherwise.

** Furnished herewith.

About LOTON, CORP (OTCMKTS:LIVX)

Loton, Corp. is a holding company. The Company is engaged in the live and digital music space content, including live music events, through LiveXLive, Corp., which is a subsidiary of the Company. It provides three dimensional (3D) rendering, animation and architectural visualization services using computer technology to produce photo realistic 3D rendering, walk-through animation and 360-degree panorama. The LiveXLive network focuses on providing compelling and curated content that showcases the entire spectrum of music to include music inspired fashion, food, and lifestyle content and showcase interviews, backstage access and both fan and artist perspectives. It intends to provide various categories of music, including rock, pop, indie, electronic dance music (EDM), country and feature festival headliners, as well as artists performing at clubs and venues across the world. KOKO (Camden) Holdings (US), Inc. and KOKO (Camden) UK Limited are also the subsidiaries of the Company.

LOTON, CORP (OTCMKTS:LIVX) Recent Trading Information

LOTON, CORP (OTCMKTS:LIVX) closed its last trading session 00.00 at 20.00 with 100 shares trading hands.