ATRINSIC, INC.
Exhibit 10.1
00 Xxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
September 3, 2015
Iroquois Capital Management LLC
000 Xxxx 00xx Xx- 00xx Xx.
Xxx Xxxx XX
Attn.: Xxxxxx Xxxxxxxxx
| Re: | 2nd Amendment to First Amended and Restated Security Agreement |
Dear Xx. Xxxxxxxxx:
Reference is made to the incremental $25,000.00 loan from Iroquois Master Fund Ltd. to Atrinsic, Inc. being funded today which will be evidenced by a Convertible Promissory Note of even date herewith. We hereby confirm that “Notes” as defined in the First Amended and Restated Security Agreement dated December 18, 2014, as amended by the Letter Agreement dated May 15, 2015, shall be amended to include all of the notes described on Exhibit A hereto.
Except as modified hereby, the First Amended and Restated Security Agreement dated December 18, 2014 shall remain in full force and effect.
| Sincerely, | ||
| /s/ Xxxxxx Xxxxxx | ||
| Xxxxxx Xxxxxx, | ||
| President |
| Agreed to and Accepted: | |
| Iroquois Master Fund Ltd. | |
| By: | /s/ Xxxxxx Xxxxxxxxx |
| Xxxxxx Xxxxxxxxx, Authorized Signatory | |
Exhibit A
Notes Covered by First Amended and Restated Security Agreement
by and among
Atrinsic, Inc., Iroquois Master Fund LTD and Xxxxxx Bay Master Fund LTD
| Note Date | Holder | Note Amount | ||||
| 2/11/2014 | Xxxxxx Bay Master Fund LTD | $ | 87,500.00 | |||
| 2/11/2014 | Iroquois Master Fund LTD | $ | 87,500.00 | |||
| 8/15/2014 | Xxxxxx Bay Master Fund LTD | $ | 45,000.00 | |||
| 8/15/2014 | Iroquois Master Fund LTD | $ | 45,000.00 | |||
| 12/18/2014 | Xxxxxx Bay Master Fund LTD | $ | 75,000.00 | |||
| 12/18/2014 | Iroquois Master Fund LTD | $ | 75,000.00 | |||
| 5/15/2015 | Xxxxxx Bay Master Fund LTD | $ | 50,000.00 | |||
| 5/15/2015 | Iroquois Master Fund LTD | $ | 50,000.00 | |||
| 9/3/2015 | Xxxxxx Bay Master Fund LTD | $ | 25,000.00 | |||
| 9/3/2015 | Iroquois Master Fund LTD | $ | 25,000.00 | |||
