AMENDMENT NO. 1 TO
AMENDED AND RESTATED 2013 CONVERTIBLE DEBT AND SECURITY AGREEMENT
 
 
This Amendment No. 1 to the Amended and Restated 2013 Convertible Debt and
Security Agreement (this “Amendment”), dated as of August 1, 2014, is entered
into among the parties executing this Agreement as Investors on the signature
pages hereto (which Investors own a majority of the outstanding principal amount
of Notes) and Beamz Interactive, Inc., a Delaware corporation (the “Company”),
and amends that certain 2013 Convertible Debt and Security Agreement dated as of
February 21, 2014 (the “Agreement”).
 
RECITALS
 
WHEREAS, the parties hereto wish to amend the Agreement;
 
NOW, THEREFORE, in consideration of the mutual covenants and agreements
hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:
 
ARTICLE I. 
Definitions
 
Section 1.01. Unless otherwise defined herein, all capitalized terms used in
this Amendment that are defined in the Agreement shall have the meaning given to
them in the
 
ARTICLE II. 
Amendments to Agreement
 
Section 2.01. Amendments.  The first sentence of Section 7.10 of the Agreement
shall be amended and replaced in its entirety with the following:
 
“No Party may assign any or all of his/its rights under this Agreement to any
Person without the prior written consent of Investors owning a majority of the
then outstanding principal amount of the Notes.”
 
(a) No Further Amendments.  Except as contemplated under Section 2.01, all other
provisions of the Agreement shall continue in full force and effect, unamended.
 
ARTICLE III. 
Miscellaneous
 
Section 3.01. Amending Agreement Headings. The headings in this Amendment are
for reference only and shall not affect the interpretation of this Amendment.
 
Section 3.02. Severability.  If any term or provision of this Amendment is
invalid, illegal or unenforceable in any jurisdiction, such invalidity,
illegality or unenforceability shall not affect any other term or provision of
this Amendment or invalidate or render unenforceable such term or provision in
any other jurisdiction.  Upon such determination that any term or other
provision is invalid, illegal or unenforceable, the parties hereto shall
negotiate in good faith to modify this Amendment so as to effect the original
intent of the parties as closely as possible in a mutually acceptable manner in
order that the transactions contemplated hereby be consummated as originally
contemplated to the greatest extent possible.
 
 
 
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Section 3.03. Successors and Assigns.  This Amendment shall be binding upon and
shall inure to the benefit of the parties hereto and the other Investors and
their respective successors and permitted assigns.
 
Section 3.04. Counterparts.  This Amendment may be executed in counterparts,
each of which shall be deemed an original, but all of which together shall be
deemed to be one and the same agreement.  A signed copy of this Amendment
delivered by facsimile, e-mail or other means of electronic transmission shall
be deemed to have the same legal effect as delivery of an original signed copy
of this Amendment.
 
 
 
 
 
 
 
 
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IN WITNESS WHEREOF, the parties hereto have affixed their signatures on the date
first written above.

 
BEAMZ INTERACTIVE, INC.
 
 
 
By:/s/ Charles R. Mollo
Name: Charles R. Mollo
Title:Chief Executive Officer
   

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
[Signature Page to Amendment No. 1 to Agreement]
 
 
 

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SIGNATURE PAGE OF INVESTOR TO
AMENDMENT NO. 1 TO
AMENDED AND RESTATED 2013 CONVERTIBLE DEBT AND SECURITY AGREEMENT
 
Reference is hereby made to that certain Amendment No. 1 to Amended and Restated
2013 Convertible Debt and Security Agreement, dated as of August 1, 2014, (the
“Amendment”), by and among Beamz Interactive, Inc., a Delaware corporation (the
“Company”), and certain persons and entities who are executing the Amendment as
Investors.  Each capitalized term used herein but not expressly defined shall
have the meaning given to such term in the Agreement.
 
The undersigned accepts, joins in and agrees to be bound by, and subject to, the
Amendment as an “Investor”.  The undersigned authorizes the Company to attach to
the Amendment a copy of this Signature Page to Amendment No. 1 to evidence the
foregoing agreement of the undersigned.
 
Executed as of ___________, 2014.
 

 
If undersigned is an entity:
 
_____________________________________
(Print Name of Entity)
 
By: _________________________________
Printed: ______________________________
Title: ________________________________
 
 
Principal Business Address:
_____________________________________
_____________________________________
_____________________________________
 
State of Formation: ______________________

 

 
If undersigned is an individual:
 
By: __________________________________
Printed: _______________________________
 
 
Address:
_____________________________________
_____________________________________
 

 
 

 
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