Allonge No. 1 to Secured Note between Attitude Drinks Inc. and Alpha Capital Anstalt

Contract Categories: Business Finance Note Agreements
Summary

This agreement amends a secured note originally issued by Attitude Drinks Inc. to Alpha Capital Anstalt on January 27, 2009. The amendment increases the principal amount of the note by $60,000, bringing the total to $120,000. Interest on the increased amount starts accruing from the date of this amendment. All other terms of the original note remain unchanged, and any previously accrued default interest or liquidated damages are still owed by the borrower.

EX-10.1 2 f8k021709ex10i_attdrinks.htm ALLONGE NO.1 TO SECURED NOTE f8k021709ex10i_attdrinks.htm
 
 
 
Exhibit 10.1      Allonge No. 1 to Secured Note Issued January 27, 2009

 

 
ALLONGE NO. 1 TO SECURED NOTE ISSUED JANUARY 27, 2009


This Allonge No. 1 to Secured Note (“Allonge”) is made as of this 17th day of February, 2009, by Attitude Drinks Inc., a Delaware corporation (“Borrower”) to Alpha Capital Anstalt (“Lender”).  Reference is hereby made to that certain Secured Note issued by Borrower to Lender dated January 27, 2009 (“Note”).  Except as amended hereby, the terms of the Note remain as originally stated.

The Principal Amount as stated on the face of the Note shall be increased by $60,000 (original issue discount) to $120,000.00.  Interest on the increased portion of the Principal Amount shall accrue from the date of this Allonge.  The amendment to the Principal Amount due and owing on the Note described herein notwithstanding, Lender does not waive interest that may have accrued at a default rate of interest and liquidated damages, if any, that may have accrued on the Note through the date of this Allonge, which default interest and liquidated damages, if any, remain outstanding and payable.

IN WITNESS WHEREOF, this Allonge is executed as of the date written above.

ATTITUDE DRINKS INC.

By: ____________________________________
Name:
Title: