Exhibit 4.15

 Exhibit 4.15
 FIRST AMENDMENT AND ALLONGE TO SENIOR SECURED NOTE
 

 This FIRST AMENDMENT AND ALLONGE (this “First Amendment”) to Senior Secured Note, dated February 28, 2014, made by ONSTREAM MEDIA CORPORATION (the “Company”), INFINITE CONFERENCING, INC. (“ICI”), ENTERTAINMENT DIGITAL NETWORK, INC. (“EDNI”), AV ACQUISITION, INC. (“AAI”), ONSTREAM CONFERENCING CORPORATION (“OCC”), MEDIA ON DEMAND, INC. (“MOD”), HOTEL VIEW CORPORATION (“HVC”), OSM ACQUISITION INC. (“OSM”) and AUCTION VIDEO JAPAN, INC. (“AVJI”) (the Company, ICI, EDNI, AAI, OCC, MOD, HVC, OSM and AVJI shall be referred to collectively as the “Borrowers”) in favor of SIGMA OPPORTUNITY FUND II, LLC (the “Holder”) in the aggregate principal amount of $500,000 (the “Note”) is made and accepted by Borrowers as of this 15th day of September, 2014.
 

 Pursuant to a certain Agreement, dated September 15, 2014, the Borrowers and Holder have agreed to amend the Note as herein provided.  Accordingly, the Note is hereby amended as follows:
 

 1. 
 The definition of “Maturity Date” in Section 3.1 of the Note is hereby amended by changing “October 31, 2014” to “December 31, 2014.”
 

 2.
 The parties agree to substitute the form of Amortization Schedule attached as Exhibit A to this First Amendment for the Amortization Schedule attached to the Note and the Note shall be amended accordingly. 
 

 Except as specifically amended hereby, the Note shall remain in full force and effect as issued.  An executed original of this First Amendment and Allonge shall be attached to the original Note and shall constitute collectively one and a singular instrument, and one shall not be negotiated, transferred or conveyed without the other.  All references to the Note in any of the Transaction Documents (as defined in the Note) shall be deemed to refer to the Note, as amended by this First Amendment, and as the same may be further amended, supplemented or modified in accordance with its terms by the parties from time to time.  This First Amendment shall be governed by and construed in accordance with the laws of the State of New York.  This First Amendment may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.
 

 

 

 [Signature Pages Follow]
 


 
 IN WITNESS WHEREOF, the Borrowers have executed this First Amendment and Allonge as of the date first written above.
 

 ONSTREAM MEDIA CORPORATION
 

 By: /s/ Randy S. Selman
       Name: Randy Selman
       Title: President
 

 INFINITE CONFERENCING, INC.
 

  By: /s/ Randy S. Selman
       Name: Randy Selman
       Title: President
 

 ENTERTAINMENT DIGITAL NETWORK, INC.
 

 By: /s/ Randy S. Selman
       Name: Randy Selman
       Title: President
 

 AV ACQUISITION, INC.
 

 By: /s/ Randy S. Selman
       Name: Randy Selman
       Title: President
 

 ONSTREAM CONFERENCING CORPORATION
 

 By: /s/ Randy S. Selman
       Name: Randy Selman
       Title: President
 

 MEDIA ON DEMAND
 

 By: /s/ Randy S. Selman
       Name: Randy Selman
       Title: President
 


 
 HOTEL VIEW CORPORATION
 

 

 By: /s/ Randy S. Selman
       Name: Randy Selman
       Title: President
 

 OSM ACQUISITION INC.
 

 

 By: /s/ Randy S. Selman
       Name: Randy Selman
       Title: President
 

 AUCTION VIDEO JAPAN, INC.
 

 

 By: /s/ Randy S. Selman
       Name: Randy Selman
             Title: President
 

 

 

 Accepted and Agreed to this
 15th day of September, 2014
 

 SIGMA OPPORTUNITY FUND II, LLC
 By: Sigma Capital Advisors, LLC, its
managing member
 

 

 By: /s/ Thom Waye
  
Thom Waye, Manager
 


 
 EXHIBIT A
 

 AMORTIZATION SCHEDULE