Exhibit 4.2


 


NEITHER THIS SECURITY NOR THE SECURITIES ISSUABLE
UPON CONVERSION HEREOF HAVE BEEN REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION
OF ANY STATE OR UNDER THE SECURITIES ACT OF 1933, AS AMENDED.  THE SECURITIES ARE RESTRICTED AND MAY NOT BE OFFERED, RESOLD,
PLEDGED OR TRANSFERRED EXCEPT AS PERMITTED UNDER THE ACT PURSUANT TO REGISTRATION OR EXEMPTION OR SAFE HARBOR THEREFROM.


 


ISSUE DATE: JULY 20, 2015


PRINCIPAL AMOUNT: $50,000.00


 


MUSIC OF YOUR LIFE CORPORATION


 


AMENDED AND RESTATED  


PROMISSORY NOTE DUE JULY 20, 2016


 


This Amended and Restated Promissory Note (the “Note”),
in the amount of $50,000, hereby amends and restates in its entirety, that certain promissory note issued by the maker hereof to
KODIAK CAPITAL GROUP, LLC on July 20, 2015 (the "Legacy Note").


 


THIS Note is a duly authorized issuance of
up to $50,000.00 of MUSIC OF YOUR LIFE CORPORATION, a Florida corporation (the "Company") designated as its Note.


 


FOR VALUE RECEIVED, the
Company promises to pay to KODIAK CAPITAL GROUP, LLC, the registered holder hereof (the "Holder"), the principal sum
of fifty thousand and 00/100 Dollars (US $50,000.00) on July 20, 2015 (the “Maturity Date”). The principal of this
Note is payable in United States dollars, at the address last appearing on the Note Register of the Company as designated in writing
by the Holder. The Company will pay the outstanding principal amount of this Note in cash on the Maturity Date to the registered
holder of this Note. The forwarding of such wire transfer shall constitute a payment hereunder and shall satisfy and discharge
the liability for principal on this Note to the extent of the sum represented by such check or wire transfer plus any amounts so
deducted.


 


This Note is subject to the following additional
provisions:


 


1.The Note is exchangeable for an equal
aggregate principal amount of Note of different authorized denominations, as requested by the Holder surrendering the same.  No
service charge will be made for such registration or transfer or exchange.


 


2.No provision of this Note shall alter
or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of this Note at the time, place,
and rate, and in the coin or currency, herein prescribed.  This Note is a direct obligation of the Company.


 


3.The Holder of the Note, by acceptance
hereof, agrees that this Note is being acquired for investment and that such Holder will not offer, sell or otherwise dispose of
this Note or the shares of Common Stock issuable upon conversion thereof except under circumstances which will not result in a
violation of the Act or any applicable state Blue Sky or foreign laws or similar laws relating to the sale of securities.




    	 



    	 



    

 


 


4.This Note shall be governed by and construed
in accordance with the laws of the State of California.  Each of the parties consents to the jurisdiction of the federal courts
whose districts encompass any part of the City of Newport Beach or the state courts of the State of California sitting in the City
of Newport Beach in connection with any dispute arising under this Note and hereby waives, to the maximum extent permitted by law,
any objection, including any objection based on forum non coveniens, to the bringing of any such proceeding in such jurisdictions.
Each of the parties hereby waives the right to a trial by jury in connection with any dispute arising under this Note.


 


5.The following shall constitute an "Event
of Default":


 


a.The Company shall default in the payment
of principal on this Note and same shall continue for a period of five (5) days; or


 


b.Any of the representations or warranties
made by the Company herein, in any certificate or financial or other written statements heretofore or hereafter furnished by the
Company in connection with the execution and delivery of this Note shall be false or misleading in any material respect at the
time made; or


 


c.The Company shall fail to perform or
observe, in any material respect, any other covenant, term, provision, condition, agreement or obligation of any Note and such
failure shall continue uncured for a period of five (5) days after written notice from the Holder of such failure; or


 


d.The Company shall (1) make an assignment
for the benefit of creditors or commence proceedings for its dissolution; or (2) apply for or consent to the appointment of a trustee,
liquidator or receiver for its or for a substantial part of its property or business; or


 


e.A trustee, liquidator or receiver shall
be appointed for the Company or for a substantial part of its property or business without its consent and shall not be discharged
within sixty (60) days after such appointment; or


 


f.Any governmental agency or any court
of competent jurisdiction at the instance of any governmental agency shall assume custody or control of the whole or any substantial
portion of the properties or assets of the Company and shall not be dismissed within sixty (60) days thereafter; or


 


g.Any money judgment, writ or warrant of
attachment, or similar process in excess of One Hundred Thousand ($100,000) Dollars in the aggregate shall be entered or filed
against the Company or any of its properties or other assets and shall remain unpaid, unvacated, unbonded or unstayed for a period
of thirty (30) days or in any event later than five (5) days prior to the date of any proposed sale thereunder; or


 


h.Bankruptcy, reorganization, insolvency
or liquidation proceedings or other proceedings for relief under any bankruptcy law or any law for the relief of debtors shall
be instituted by or against the Company and, if instituted against the Company, shall not be dismissed within sixty (60) days after
such institution or the Company shall by any action or answer approve of, consent to, or acquiesce in any such proceedings or admit
the material allegations of, or default in answering a petition filed in any such proceeding; or


 


i.The Company shall have its Common Stock
suspended or delisted from an exchange from trading for in excess of fifteen trading days.




    	 



    	 



    

 


 


Then, or at any time thereafter,
and in each and every such case, unless such Event of Default shall have been waived in writing by the Holder (which waiver shall
not be deemed to be a waiver of any subsequent default) at the option of the Holder and in the Holder's sole discretion, the Holder
may consider all obligations under this Note immediately due and payable within five (5) days of notice, without presentment, demand,
protest or notice of any kinds, all of which are hereby expressly waived, anything herein or in any note or other instruments contained
to the contrary notwithstanding, and the Holder may immediately enforce any and all of the Holder's rights and remedies provided
herein or any other rights or remedies afforded by law.


 


6.In the event of conversion of this Note,
in no event shall the Company have the right to convert into, nor shall the Company issue to such Holder, shares of Common Stock
to the extent that such conversion would result in the Holder and its affiliates together beneficially owning more than 9.99% of
the then issued and outstanding shares of Common Stock. If the number of shares issued to Holder is greater than 4.99% of the total
issued common stock of the company, the Company must notify the Holder immediately. For purposes hereof, beneficial ownership shall
be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulation 13D-G thereunder..


 


7.Nothing contained in this Note shall
be construed as conferring upon the Holder the right to vote or to receive dividends or to consent or receive notice as a shareholder
in respect of any meeting of shareholders or any rights whatsoever as a shareholder of the Company, unless and to the extent converted
in accordance with the terms hereof.


 


IN WITNESS WHEREOF, the
Company has caused this instrument to be duly executed by an officer thereunto duly authorized.


 


Dated: JANUARY 4, 2016


 


MUSIC OF YOUR LIFE CORPORATION


 


 


By: __________________________


 


 


ATTESTOR


 


By: __________________________