Exhibit 10.1

 

ATRINSIC, INC.

 

65 Atlantic Avenue

Boston, Massachusetts 02110

 

October 30, 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 from time to time, shall be further amended to
include all of the notes described on Exhibit A hereto.

 

Except as modified hereby or by any prior amendments, 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 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 10/30/2015   Hudson Bay Master Fund LTD   $25,000.00 10/30/2015  
Iroquois Master Fund LTD   $25,000.00