ATRINSIC, INC. 65 Atlantic Avenue Boston, Massachusetts 02110 May 15, 2015

EX-10.2 5 v411208_ex10-2.htm EXHIBIT 10.2

 

Exhibit 10.2

 

ATRINSIC, INC.

 

65 Atlantic Avenue

Boston, Massachusetts 02110

 

May 15, 2015

Hudson Bay Master Fund Ltd.

777 Third Avenue, 30th Floor

New York, NY 10017

Attn.: Mr. Yoav Roth

 

Re: Amendment to First Amended and Restated Security Agreement

 

Dear Mr. Roth:

 

Reference is made to the incremental $50,000.00 loan from Hudson Bay Master Fund Ltd. to Atrinsic, Inc. being funded today which will be evidenced by a Secured 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 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/ Edward Gildea  
  Edward Gildea,  
  President  

 

Agreed to and Accepted:

 

Hudson Bay Master Fund Ltd.

 

By: /s/ Yoav Roth    
  Yoav Roth, Authorized Signatory    

 

 
 

 

Exhibit A

 

Notes Covered by First Amended and Restated Security Agreement

by and between

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