ATRINSIC, INC. 65 Atlantic Avenue Boston, Massachusetts 02110 December ___, 2015
EX-10.1 5 exhibit10-1.htm exhibit10-1.htm
EXHIBIT 10.1
ATRINSIC, INC.
65 Atlantic Avenue
Boston, Massachusetts 02110
December ___, 2015
Iroquois Capital Management LLC
205 East 42nd St- 20th Fl.
New York NY
Attn.: Joshua Silverman
Re: 3rd Amendment to First Amended and Restated Security Agreement
Dear Mr. Silverman:
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, shall be further 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/ Edward Gildea_______________________
Edward Gildea,
President
Agreed to and Accepted:
Iroquois Master Fund Ltd.
By:_/s/ Joshua Silverman___________________
Joshua Silverman, Authorized Signatory
EXHIBIT 10.1, 1
Exhibit A
Notes Covered by First Amended and Restated Security Agreement
by and among
Atrinsic, Inc., Iroquois Master Fund LTD and Hudson Bay Master Fund LTD
| Note Date | Holder | Note Amount | ||
| 2/11/2014 | Hudson Bay Master Fund LTD | $87,500.00 | ||
| 2/11/2014 | Iroquois Master Fund LTD | $87,500.00 | ||
| 8/15/2014 | Hudson Bay Master Fund LTD | $45,000.00 | ||
| 8/15/2014 | Iroquois Master Fund LTD | $45,000.00 | ||
| 12/18/2014 | Hudson Bay Master Fund LTD | $75,000.00 | ||
| 12/18/2014 | Iroquois Master Fund LTD | $75,000.00 | ||
| 5/15/2015 | Hudson Bay Master Fund LTD | $50,000.00 | ||
| 5/15/2015 | Iroquois Master Fund LTD | $50,000.00 | ||
| 9/3/2015 | Hudson Bay Master Fund LTD | $25,000.00 | ||
| 9/3/2015 | Iroquois Master Fund LTD | $25,000.00 | ||
| 10/__/2015 | Hudson Bay Master Fund LTD | $25,000.00 | ||
| 10/__/2015 | Iroquois Master Fund LTD | $25,000.00 | ||
| 12/_/2015 | Hudson Bay Master Fund LTD | $25,000.00 | ||
| 12/_/2015 | Iroquois Master Fund LTD | $25,000.00 |
EXHIBIT 10.1, 2
