Exhibit 10.26.2

             AMENDMENT NO. 1 TO SECURED REVOLVING NOTE OF INYX, INC.

                                February 27, 2004

         Reference is made to that certain secured Revolving 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 Two Million Five Hundred Thousand
Dollars  ($2,500,000)  (the  "Revolving  Note").  Capitalized  terms used herein
without  definition  shall  have  the  meanings  ascribed  to such  terms in the
Revolving 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 Revolving  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) Revolving Note and ii) that certain
Secured  Convertible  Minimum  Borrowing 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 Revolving Note is hereby amended to delete
                  the  reference to "Two Million Five Hundred  Thousand  Dollars
                  ($2,500,000)"  contained therein,  and in its stead, to insert
                  the  phrase  "Three  Million  Five  Hundred  Thousand  Dollars
                  ($3,500,000)".

         2.       Section 2.1 of the Revolving  Note is hereby amended to delete
                  the reference to  "1.47"contained  therein and in its stead to
                  insert "$1.00".

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

         4.       There are no other amendments to the Revolving 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 Revolving
                  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 Revolving 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: