Exhibit 10.26.1

        AMENDMENT NO. 1 TO SECURED CONVERTIBLE MINIMUM BORROWING NOTE OF
                                   INYX, INC.

                                February 27, 2004

         Reference is made to that certain secured convertible minimum borrowing
note dated  December 30, 2003 made by INYX,  INC., a Nevada (the  "Borrower") in
favor LAURUS MASTER FUND, LTD., c/o Ironshore  Corporate Services Ltd., P.O. Box
1234 G.T.,  Queensgate House, South Church Street, Grand Cayman,  Cayman Islands
(the  "Laurus"")  in  the  original  principal  amount  of One  Million  Dollars
($1,000,000) (the "MB Note").  Capitalized terms used herein without  definition
shall have the meanings ascribed to such terms in the MB Note.

         WHEREAS,  Borrower has requested that Laurus extend additional funds to
Borrower as an overadvance  pursuant to the terms of a Security  Agreement dated
December 30, 2003 (the "Security  Agreement")(the  "Overadvance")and  Laurus has
agreed,  in  exercise  of its  sole  discretion,  to make  such  Overadvance  to
Borrower; and

         WHEREAS, in connection with the extension of the Overadvance,  Borrower
has agreed to change  certain  terms of the MB Note and  Laurus  desires to make
such changes; and

         WHEREAS  the  Borrower  and Laurus  agree  that on the date  hereof the
aggregate amount  outstanding  under the i) MB Note and ii) that certain Secured
Revolving  Note of the Borrower dated December 30, 2003 made in favor of Laurus,
is $3,133,197.

         NOW, THEREFORE,  in consideration for the execution and delivery by the
Borrower  of  all  documents   requested  by  Laurus  in  connection   with  the
Overadvance,  and for other good and  valuable  consideration,  the  receipt and
sufficiency  of  which is  hereby  acknowledged,  the  parties  hereto  agree as
follows:


         1.       The  preamble  of the  MBNote is hereby  amended to delete the
                  reference  to "One  Million  Dollars  ($1,000,000)"  contained
                  therein,  and in its stead,  to insert the phrase "Two Million
                  Dollars ($2,000,000)".

         2.       Section  2.2 of the MB Note is hereby  amended  to delete  the
                  reference  to  "1.47"contained  therein  and in its  stead  to
                  insert "$1.00".

         3.       The  foregoing  amendment  shall be  effective  as of the date
                  hereof.

         4.       There are no other amendments to the MB Note.


         5.       The Borrower hereby  represents and warrants to Laurus that as
                  of  the  date  hereof  all  representations,   warranties  and
                  covenants made by Borrower in connection  with the MB Note are
                  true  correct and  complete  and all of  Borrower's  covenants
                  requirements have been met. As of the date hereof, no Event of
                  Default  under any  Ancillary  Agreements  (as  defined in the
                  Security Agreement) has occurred or is continuing.


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         IN WITNESS  WHEREOF,  each of the  Borrower  and Laurus has caused this
Amendment No. 1 to Secured  Convertible  Minimum  Borrowing Note to be signed in
its name this 25th day of February, 2004.


                                             INYX, INC.



                                             By:________________________________
                                                Name:
                                                Title:



                                             LAURUS MASTER FUND, LTD.


                                             By:______________________________
                                             Name:
                                             Title: