ATRINSIC, INC. 65 Atlantic Avenue Boston, Massachusetts 02110 September 3, 2015
Exhibit 10.2
ATRINSIC, INC.
65 Atlantic Avenue
Boston, Massachusetts 02110
September 3, 2015
Hudson Bay Master Fund Ltd.
777 Third Avenue, 30th Floor
New York, NY 10017
Attn.: Mr. Yoav Roth
Re: 2nd Amendment to First Amended and Restated Security Agreement
Dear Mr. Roth:
Reference is made to the incremental $25,000.00 loan from Hudson Bay 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 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:
| 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 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 | |||
