Document:

Unassociated Document

    

    AMENDMENT
NO. 6

    TO

    SENIOR
SECURED CONVERTIBLE PROMISSORY NOTE

    

    

    This Amendment No. 6 (this
“Amendment”), dated as of November 20, 2009, is entered into by and among Zoo
Entertainment, Inc. (the “Company”) and the undersigned holders of the Notes (as
defined below) representing the Requisite Holders (as defined
below).

    

    RECITALS

    

    WHEREAS,
the Company entered into that certain Note Purchase Agreement, dated as of July
7, 2008, as subsequently amended on July 15, 2008, July 31, 2008 and August 12,
2008, pursuant to which the Company consummated a financing (the “First
Financing”) to raise $9,000,000 through the sale of senior secured convertible
promissory notes (the “Notes,” such term to refer to all senior secured
convertible promissory notes described in these Recitals, in the aggregate
principal amount of $11,150,000, as amended to date) to certain investors, and
the issuance to such investors of warrants to purchase an aggregate of 8,181,818
shares of the Company’s common stock, par value $0.001 per share (“Common
Stock”); and

    

    WHEREAS,
on July 7, 2008, Trinad Capital Master Fund, Ltd. (“Trinad”) invested $2,500,000
in the First Financing and received a Note in the principal amount of
$2,500,000; and

    

    WHEREAS,
on July 7, 2008, Back Bay LLC (“Back Bay”) invested $2,000,000 in the First
Financing and received a Note in the principal amount of $2,000,000;
and

    

    WHEREAS, on July 7, 2008, the Company
issued to Trinad Capital Management, LLC, a Note in the principal amount of
$750,000; and

    

    WHEREAS,
on July 10, 2008, Cipher 06 LLC invested $150,000 in the First Financing and
received a Note in the principal amount of $150,000; and

    

    WHEREAS,
on July 24, 2008, each of Soundpost Capital, LP and Soundpost Capital Offshore
Ltd. invested $500,000 in the First Financing and each received a Note in the
principal amount of $500,000; and

    

    WHEREAS,
on August 1, 2008, Trinad invested $1,500,000 in the First Financing and
received a Note in the principal amount of $1,500,000; and

    

    WHEREAS,
on August 12, 2008, Amendment No. 1 to the Senior Secured Convertible Promissory
Notes was executed; and

    

    WHEREAS,
on August 13, 2008, S.A.C. Venture Investments, LLC invested $1,850,000 in the
First Financing and received a Note in the principal amount of $1,850,000;
and

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    WHEREAS,
on September 26, 2008, the Company entered into that certain Note Purchase
Agreement, pursuant to which the Company consummated a second financing (the
“Second Financing”) to raise $1,400,000 through the sale of Notes to certain
investors, and the issuance to such investors of warrants to purchase an
aggregate of 1,272,727 shares of Common Stock; and

    

    WHEREAS,
on September 26, 2008, Trinad invested $500,000 in the Second Financing and
received a Note in the principal amount of $500,000; and

    

    WHEREAS,
on September 26, 2008, Back Bay invested $500,000 in the Second Financing and
received a Note in the principal amount of $500,000; and

    

    WHEREAS,
on September 26, 2008, John S. Lemak invested $100,000 in the Second Financing
and received a Note in the principal amount of $100,000; and

    

    WHEREAS,
on September 26, 2008, Sandor Capital Master Fund LP invested $300,000 in the
Second Financing and received a Note in the principal amount of $300,000;
and

    

    WHEREAS,
on June 26, 2009, the Requisite Holders executed and delivered Amendment No. 2
to Senior Secured Convertible Promissory Note (“Amendment No. 2”), pursuant to
which the Notes were amended to provide, among other things, that the
outstanding principal plus accrued and unpaid interest under the Notes shall
automatically convert into shares of Common Stock upon the occurrence of both
the effectiveness of the filing of an amendment to the Company’s Certificate of
Incorporation to increase the number of authorized shares of Common Stock to
permit the conversion of the Notes, and the consummation of an Investor Sale (as
defined therein); and

    

    WHEREAS,
on August 31, 2009, the Requisite Holders executed and delivered Amendment No. 3
to Senior Secured Convertible Promissory Note, pursuant to which the Notes were
amended to, among other things, extend the maturity dates of the Notes to
September 30, 2009, and modify the definition of “Investor Sale” set forth
therein to be the consummation of a sale of
shares of Common Stock that results in aggregate gross proceeds to the Company
of at least $4,000,000, at a price per share equal to $0.20 (a “Qualified
Financing”); and

    

    WHEREAS,
on October 6, 2009, the Requisite Holders executed and delivered Amendment No. 4
to Senior Secured Convertible Promissory Note, pursuant to which the Notes were
amended, among other things, to provide that if the Notes do not convert on or
prior to November 2, 2009, the provisions of the Notes, as amended, with respect
to automatic conversion upon the consummation of a Qualified Financing, shall
become null and void and shall be of no further effect; and

    

    WHEREAS,
on November 2, 2009, the Requisite Holders executed and delivered Amendment No.
5 to Senior Secured Convertible Promissory Note, pursuant which the maturity
dates of the Notes was extended to February 2, 2010, and to provide that if the
Notes do not convert on or prior to February 2, 2010, the provisions of the
Notes, as amended, with respect to automatic conversion upon the consummation of
a Qualified Financing, shall become null and void and shall be of no further
effect; and

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    WHEREAS,
a schedule of the Notes and the current holders thereof is attached as Schedule A;
and

    

    WHEREAS,
pursuant to Section 8 of the Notes, the Notes may be amended with the consent of
the Company and the holders of Notes representing at least seventy-five percent
(75%) of the aggregate principal amount then outstanding under all Notes (the
“Requisite Holders”); and

    

    WHEREAS,
the undersigned holders constitute the Requisite Holders and desire to further
amend certain provisions of all of the Notes.

    

    NOW, THEREFORE, in consideration of the
foregoing and for other good and valuable consideration, the receipt of which is
hereby acknowledged by the parties hereto, the undersigned parties do hereby
agree as follows:

    

    

    AGREEMENT

    

    
      	
              1.  

            	
              Amendment to Section 2
      of the Notes.  Effective immediately on the date hereof
      (the “Effective Date”), Section 2
      of each of the Notes shall be deleted in its entirety and replaced with
      the following:

            

    

     

    “2.           Conversion.

     

    (a)           General.  Upon
the occurrence of an Investor Sale, the outstanding principal balance and all
accrued and unpaid interest under this Note (collectively, the “Note
Value”) shall automatically be converted, in whole, into shares of the
Company’s Series B Convertible Preferred Stock, par value $0.001 per share
(“Series
B Preferred
Stock”), at a rate of one (1) share of Series B Preferred Stock for each
$10.00 (the “Conversion
Price”) of the Note Value on the Mandatory Conversion Date (as defined
below).  The “Mandatory Conversion
Date” means the closing of an Investor Sale.  On the Mandatory
Conversion Date, this Note shall be deemed converted automatically and without
any further action by the Holder and whether or not this Note is surrendered to
the Company or the transfer agent for this Note; provided, however, that the
Company shall not be obligated to issue a certificate or certificates evidencing
the shares into which this Note is convertible unless this Note is delivered to
the Company, or the holder notifies the Company that the Note has been lost,
stolen, or destroyed and executes and delivers an agreement satisfactory to the
Company to indemnify the Company from any loss incurred by it in connection
therewith and, if the Company so elects, provides an appropriate
indemnity.

     

    (b)           Issuance
of Conversion Shares.  Upon conversion of this Note pursuant to
Section 2(a), the Holder shall be deemed to be the holder of record of Series B
Preferred Stock issuable upon such conversion (the “Conversion
Shares”), notwithstanding that the transfer books of the Company shall
then be closed or certificates representing such Conversion Shares shall not
then have been actually delivered to the Holder.  If required by the
Company, the Note surrendered shall be endorsed or accompanied by a written
instrument or instruments of surrender, in form satisfactory to the Company,
duly executed by the registered holder or his or its attorney duly authorized in
writing.  Subject to compliance with the provisions of Section 2(a),
the Company shall, as soon as practicable after such surrender, issue and
deliver to such holder of this Note, or to his or its nominees, a certificate or
certificates for the Conversion Shares to which such holder shall be
entitled.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (c)           Termination
of Rights Under this Note.  Immediately upon the Mandatory
Conversion Date, this Note shall no longer be deemed to be outstanding and all
rights with respect to this Note shall immediately cease and terminate on the
Mandatory Conversion Date, except only the right of the Holder to receive the
shares to which it is entitled as a result of the conversion on the Mandatory
Conversion Date under the terms, and subject to conditions, of this
Note.

    

    (d)           Taxes or
other Issuance Charges. The issuance of any
Conversion Shares upon conversion of this Note, and the delivery of certificates
or other instruments representing the same, shall be made without charge to the
Holder for any tax or other charge in respect of such
issuance.   The Company shall not, however, be required to pay
any tax which may be payable in respect of any transfer involved in the issue
and delivery of any certificate or instrument in a name other than that of the
Holder, and the Company shall not be required to issue or deliver any such
certificate or instrument unless and until the person or persons requesting the
issue thereof shall have paid to the Company the amount of such tax or shall
have established to the satisfaction of the Company that such tax has been
paid.

    

    (e)           Holder
Not a Stockholder.  The Holder shall
not have, solely on account of such status as a holder of this Note, any rights
of a stockholder of the Company, either at law or in equity, or any right to any
notice of meetings of stockholders or of any other proceedings of the Company
until such time as this Note has been converted pursuant to Section 2(a), at
which time the Holder shall be deemed to be the holder of record of the
Conversion Shares, as applicable, notwithstanding that the transfer books of the
Company shall then be closed or certificates representing such Conversion Shares
shall not then have been actually delivered to the Holder.

    

    (f)           Fractional
Shares.  No fractional shares of Series B Preferred Stock shall
be issued upon conversion of this Note.  In lieu thereof, the shares
of Series B Preferred Stock otherwise issuable shall be rounded up or down to
the nearest whole share of Series B Preferred Stock.

    

    (g)           Securities
Act of 1933. Upon conversion of this
Note, the Holder may be required to execute and deliver to the Company an
instrument, in form satisfactory to the Company, representing that the shares of
Series B Preferred Stock issuable upon conversion hereof are being acquired for
investment only and not with a view to distribution within the meaning of the
Securities Act of 1933, as amended.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (h)           The
“Investor Sale”
shall mean the closing of the sale of shares of the Company’s Series A
Convertible Preferred Stock, par value $0.001 per share, on substantially the
terms set forth in the Certificate of Designation, Preferences and Rights of
Series A Convertible Preferred Stock, in the form attached hereto as Exhibit A (the
“Series A Certificate of Designation”), so long as (A) such sale results in
aggregate gross cash proceeds to the Company of at least Four Million Dollars
($4,000,000) and (B) each share of Series A Convertible Preferred Stock is
initially convertible into 1,000 shares of the Company’s Common Stock, par value
$0.001 per share.”

    

    
      	
              2.  

            	
              Termination of Side
      Letter, dated June 26, 2009.  The undersigned hereby
      agree that the side letter, dated as of June 26, 2009 (the “Letter
      Agreement”), pursuant to which the Company granted to the Holders certain
      registration rights with respect to the shares of common stock issuable
      upon conversion of the Notes pursuant to Amendment No. 2 is hereby
      terminated in its entirety, effective immediately, and shall have no
      further force and effect as of such date.  Any and all rights
      and obligations of the Company granted pursuant to and as set forth in the
      Letter Agreement are hereby terminated and shall cease to exist as of the
      date hereof.

            

    

     

    
      	
              3.  

            	
              Representations and
      Warranties.  The Company hereby makes the following
      representations and warranties to each
Holder:

            

    

     

    (a) Capitalization.  The
capitalization of the Company following the consummation of the transactions
contemplated by this Amendment and the Investor Sale (as defined in the Notes,
as amended by this Amendment) will be as set forth on Schedule 3 attached
hereto.

     

    (b) Organization and
Qualification.  Each of the Company and each of its
subsidiaries (each, a “Subsidiary”) is an entity duly incorporated or otherwise
organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation or organization (as applicable), with the
requisite power and authority to own and use its properties and assets and to
carry on its business as currently conducted.  Neither the Company nor
any Subsidiary is in violation of any of the provisions of its respective
certificate or articles of incorporation, bylaws or other organizational or
charter documents.  Each of the Company and each Subsidiary is duly
qualified to conduct business and is in good standing as a foreign corporation
or other entity in each jurisdiction in which the nature of the business
conducted or property owned by it makes such qualification necessary, except
where the failure to be so qualified or in good standing, as the case may be,
could not, individually or in the aggregate, have or reasonably be expected to
result in (i) an adverse effect on the legality, validity or enforceability of
this Amendment, the Certificate of Designation, Rights and Preferences of Series
B Convertible Preferred Stock, attached hereto as Exhibit B and/or the
aforementioned Series A Certificate of Designation (the “Transaction
Documents”), (ii) a material and adverse effect on the results of operations,
assets, prospects, business or condition (financial or otherwise) of the Company
and the Subsidiaries, taken as a whole, or (iii) an adverse impairment to the
Company's ability to perform on a timely basis its obligations under any
Transaction Document (any of (i), (ii) or (iii), a "Material Adverse Effect")
and no Proceeding has been instituted in any such jurisdiction revoking,
limiting or curtailing or seeking to revoke, limit or curtail such power and
authority or qualification.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (c)           Authorization;
Enforcement.  The Company has the requisite corporate power and
authority to enter into and to consummate the transactions contemplated by each
of the Transaction Documents and otherwise to carry out its obligations
thereunder.  Except for the need to obtain stockholder approval with
respect to the filing of an amendment to the Company’s certificate of
incorporation authorizing a sufficient number of shares of Common Stock to
permit the conversion of the Series A Preferred Stock and Series B Preferred
Stock (as defined in the Notes, as amended by this Amendment) into shares of
Common Stock, the execution and delivery of each of the Transaction Documents by
the Company and the consummation by it of the transactions contemplated thereby
have been duly authorized by all necessary action on the part of the Company and
no further action is required by the Company in connection
therewith.  Each Transaction Document has been (or upon delivery will
have been) duly executed by the Company and, when delivered in accordance with
the terms hereof, will constitute the valid and binding obligation of the
Company enforceable against the Company in accordance with its
terms.

    

    (d)           No
Conflicts.  Except for the need to obtain approval of this
Amendment by the Requisite Holders and the need to obtain stockholder approval
with respect to the filing of an amendment to the Company’s certificate of
incorporation authorizing a sufficient number of shares of Common Stock to
permit the conversion of the Series A Preferred Stock and Series B Preferred
Stock into shares of Common Stock, the execution, delivery and performance of
the Transaction Documents by the Company and the consummation by the Company of
the transactions contemplated thereby do not and will not (i) conflict with or
violate any provision of the Company's or any Subsidiary's certificate or
articles of incorporation, bylaws or other organizational or charter documents,
or (ii) conflict with, or constitute a default (or an event that with notice or
lapse of time or both would become a default) under, or give to others any
rights of termination, amendment, acceleration or cancellation (with or without
notice, lapse of time or both) of, any agreement, credit facility, debt or other
instrument (evidencing a Company or Subsidiary debt or otherwise) or other
understanding to which the Company or any Subsidiary is a party or by which any
property or asset of the Company or any Subsidiary is bound or affected, or
(iii) result in a violation of any law, rule, regulation, order, judgment,
injunction, decree or other restriction of any court or governmental authority
to which the Company or a Subsidiary is subject (including federal and state
securities laws and regulations), or by which any property or asset of the
Company or a Subsidiary is bound or affected; except in the case of each of
clauses (ii) and (iii), such as could not, individually or in the aggregate,
have or reasonably be expected to result in a Material Adverse
Effect.

    

    (e)           Filings, Consents and
Approvals.  The Company is not required to obtain any consent,
waiver, authorization or order of, give any notice to, or make any filing or
registration with, any court or other federal, state, local or other
governmental authority or other Person in connection with the execution,
delivery and performance by the Company of the Transaction Documents or the
issuance of the Series A Preferred Stock, Series B Preferred Stock or shares of
Common Stock upon conversion of the Series A Preferred Stock and Series B
Preferred Stock, other than (i) the need to obtain approval of this Amendment by
the Requisite Holders, (ii) filings required by state securities laws or the
Commission, which the Company will promptly make (at the sole expense of the
Company), (iii) the filing of an amendment to the Company’s certificate of
incorporation authorizing a sufficient number of shares of Common Stock to
permit the conversion of the Series A Preferred Stock and Series B Preferred
Stock into shares of Common Stock and (iv) filings that have been made or
obtained prior to the date of this Agreement.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (f)           Issuance of the
Securities.  Except for the need to obtain stockholder approval
in order to increase the amount of authorized Common Stock, the issuance, sale
and delivery of the Series B Preferred Stock in accordance with this Amendment,
and the issuance and delivery of the shares of Common Stock issuable upon
conversion of the Series B Preferred Stock, have been duly authorized by all
necessary corporate action on the part of the Company, and all such shares have
been, or will be, duly reserved for issuance.  Such securities when so
issued, sold and delivered against payment therefor in accordance with the
provisions of this Agreement, will be duly and validly issued, fully paid and
non-assessable.

    

    (g)           The
representations and warranties contained in Section 3.1 of the Securities
Purchase Agreement, dated as of the date hereof, relating to the Investor Sale,
are incorporated herein by reference.

    

     

    4.              Except
as otherwise set forth herein, the Notes shall remain in full force and effect
without change or modification.  This Amendment, the Notes, as
amended, and other agreements related to the Notes constitute the entire
understanding of the parties with respect to the subject matter hereof and
thereof and supersede all prior and current understandings and agreements,
including the Letter Agreement, whether written or oral, with respect to such
subject matter.  The invalidity or unenforceability of any provision
hereof shall not affect the validity or enforceability of any other term or
provision hereof.  The headings in this Amendment are for convenience
of reference only and shall not alter, limit or otherwise affect the meaning
hereof.  This Amendment may be executed in any number of counterparts,
which together shall constitute one instrument, and shall bind and inure to the
benefit of the parties and their respective successors and assigns.

     

    [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

     

     

     

     

     

     

     

     

     

     

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed on their behalf as of the date first written above. Each holder of
Notes below represents that it is the record and beneficial owner of its Note(s)
and has full power and authority to execute and deliver this
Amendment.

     

     

    
      
        	 	
                COMPANY:

                 

                ZOO ENTERTAINMENT, INC.

              	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ David
      Fremed	 
	 	 	Name:
      David Fremed	 
	 	 	Title:  
      Chief Financial Officer	 
	 	 	 	 

      

    

     

    
      
        	 	
                PURCHASERS:

                 

                
                  TRINAD
      CAPITAL MASTER FUND, LTD.

                  (with
      respect to approximately $1,902,118 of principal plus accrued interest
      underlying the Notes held by Trinad Capital Master Fund,
      Ltd.)

                

              	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Robert
      Ellin	 
	 	 	Name:
      Robert
    Ellin	 
	 	 	Title:	 
	 	 	 	 

      

    

     

    
      
        
          	 	BACK
      BAY LLC	 
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ Harris
      Toibb	 
	 	 	Name:
      Harris Toibb	 
	 	 	Title:  
      CEO, Roxbury LLC, Manager	 
	 	 	 	 

        

      

    

     

    
      
        
          
            	 	CIPHER
      06 LLC	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	 
      	 
	 	 	Name:	 
	 	 	Title:
      	 
	 	 	 	 

          

        

      

    

     

    
      
        
          
            	 	SOUNDPOST
      CAPITAL, LP	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ Jaime
      Lester	 
	 	 	Name:
      Jaime
    Lester	 
	 	 	Title:   Managing Member	 
	 	 	 	 

          

        

      

    

     

    
      
        
          
            	 	SOUNDPOST
      CAPITAL OFFSHORE LTD.	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ Jaime
      Lester	 
	 	 	Name:
      Jaime Lester	 
	 	 	Title:   Managing Member	 
	 	 	 	 

          

        

      

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     [Additional
Signature Pages Follows]

    

    
      
        
          
            	 	TRINAD
      MANAGEMENT, LLC	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ Robert
      Ellin	 
	 	 	Name:
      Robert Ellin	 
	 	 	Title:
      	 
	 	 	 	 

          

        

      

    

     

    
      
        
          
            	 	S.A.C.
      VENTURE INVESTMENTS, LLC	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ Peter
      A. Nussbaum	 
	 	 	Name:
      Peter A. Nussbaum	 
	 	 	Title:  
      Authorized Signatory	 
	 	 	 	 

          

        

      

    

     

    
      
        
          
            
              
                
                  
                    	 	SANDOR
      CAPITAL MASTER FUND LP	 
	 	 	 	 
	
                             

                          	
                            By:
      

                          	 
      	 
	 	 	Name:
      	 
	 	 	Title: 
      	 
	 	 	 	 
	 	 	 	 
	 	 	   
      	 
	 	 	JOHN
      S. LEMAK	 

                  

                

              

            

          

        

      

    

     

     

    
      
        
          	 	COAST
      SIGMA FUND, LLC	 
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ David
      E. Smith  	 
	 	 	Name:
      David E. Smith 
      	 
	 	 	Title:	 
	 	 	 	 

        

      

    

     

    
      
        
          
            	 	DAVE
      SMITH	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ David
      E. Smith  	 
	 	 	Name:
      David E. Smith  	 
	 	 	Title: 
      	 
	 	 	 	 

          

        

      

    

     

    
       

      
        
          
            
              	 	DAVID
      E. SMITH	 
	 	 	 	 
	
                       

                    	
                      By:
      

                    	/s/ David
      E. Smith  	 
	 	 	Name:
      David E. Smith  	 
	 	 	Title:	 
	 	 	 	 

            

          

        

      

       

      
        
          
            
              	 	TRINAD
      ADVISORS	 
	 	 	 	 
	
                       

                    	
                      By:
      

                    	/s/ Robert
      Ellin	 
	 	 	Name:
      Robert Ellin	 
	 	 	Title:
      	 
	 	 	 	 

            

          

        

      

    

     

    
      
        
          
            	 	TRINAD
      ADVISORS GP	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ Robert
      Ellin	 
	 	 	Name:
      Robert Ellin 	 
	 	 	Title:	 
	 	 	 	 

          

        

      

     

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    [Additional
Signature Page Follows]

     

    
      
        
          
            	 	TRINAD
      ADVISORS II GP	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ Robert
      Ellin 	 
	 	 	Name:
      Robert Ellin 	 
	 	 	Title:
      	 
	 	 	 	 

          

        

      
        

    
      
        
          
            	 	ROBERT
      ELLIN	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ Robert
      Ellin 	 
	 	 	Name:
      Robert Ellin 	 
	 	 	 	 

          

        

      

              

      
        
          
            
              
                	 	JAY
      A. WOLF	 
	 	 	 	 
	
                         

                      	
                        By:
      

                      	/s/ Jay
      Wolf	 
	 	 	Name:
      Jay Wolf	 
	 	 	 	 

              

            

          

                  

          

            
              
                
                  	 	DALE
      LEIBOWITZ GIFT TRUST	 
	 	 	 	 
	
                           

                        	
                          By:
      

                        	/s/ Sheri
      Kole	 
	 	 	Name:
      Sheri Kole	 
	 	 	Title:  
      Investment Advisor	 
	 	 	 	 

                

              

            

          

        

      

    

     

    
      
        
          
            	 	DAVID
      CHAZEN	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ David
      Chazen	 
	 	 	Name:
      David Chazen	 
	 	 	 	 

          

        

      

    

    

    
      
        
          
            	 	DAVID
      CHAZEN FOUNDATION	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ David
      Chazen	 
	 	 	Name:
      David
    Chazen	 
	 	 	Title:	 
	 	 	 	 

          

        

      

    
      
        
          
            	 	DAVID
      R. CHAMBERLIN	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ David
      R. Chamberlin	 
	 	 	Name:
      David R. Chamberlin	 
	 	 	 	 

          

        

      

    

    

      
        
          
            
              
                
                  
                    	 	DAVID
      WOLF	 
	 	 	 	 
	
                             

                          	
                            By:
      

                          	/s/ David
      Wolf	 
	 	 	Name:
      David Wolf	 
	 	 	 	 
	 	 	 	 
	 	 	  
      	 
	 	 	HAROLD
      THAU	 

                  

                

              

            

          

        

      

    

       

      
        
          
            	 	JEROME
      A. CHAZEN	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ Jerome
      Chazen	 
	 	 	Name:
      Jerome
    Chazen	 
	 	 	 	 

          

        

      

    

     

    
      
        
          
            	 	LYRICAL
      MULTI-MANAGER FUND L.P.	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ Jeffrey
      Moses	 
	 	 	Name:
      Jeffrey
    Moses	 
	 	 	Title:  
      Chief Operating Office of General Partner	 
	 	 	 	 

          

        

      

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

    

    [Additional
Signature Page Follows]

     

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	 	MARY
      WOLF	 
	 	 	 	 
	
                                       

                                    	
                                      By:
      

                                    	/s/ Mary
      Wolf	 
	 	 	Name:
      Mary Wolf	 
	 	 	 	 
	 	 	 	 
	 	 	  
      	 
	 	 	PETER
      T. PAUL TTEE	 
	 	 	 	 
	 	 	 	 
	 	 	  
      	 
	 	 	PINE
      STREET INSTITUTIONAL PARTNERS	 

                            

                          

                           

                           

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            	 	SHADOW
      CAPITAL	 
	 	 	 	 
	
                     

                  	
                    By:
      

                  	/s/ B.
      Kent Garlinghouse	 
	 	 	Name:
      B. Kent
      Garlinghouse	 
	 	 	Title:  
      Manager	 
	 	 	 	 

          

        

      

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        	 	SHERI
      UROWSKI	 
	 	 	 	 
	
                                                 

                                              	
                                                By:
      

                                              	/s/ Sheri
      Urowski	 
	 	 	Name:
      Sheri
    Urowski	 
	 	 	 	 
	 	 	 	 
	 	 	  
      	 
	 	 	JOHN
      DENVER	 
	 	 	 	 
	 	 	 	 
	 	 	   
      	 
	 	 	CITCO
      GLOBAL CUSTODY NV. KBC	 
	 	 	 	 
	 	 	 	 
	 	 	   
      	 
	 	 	CREDIT
      SUISSEUnassociated Document

    Amendment
No. 2 to Letter Agreement

    

    THIS AMENDMENT (the
“Amendment”) is made as of November 20, 2009, by and between Mark Seremet
(“Seremet”) and Zoo Entertainment, Inc. (the “Company”).

    

    WHEREAS, reference is made to
that certain letter agreement, by and between Seremet and the Company, dated May
12, 2009, pursuant to which in consideration of Seremet entering into a guaranty
with Wells Fargo, Bank, National Association for the full and prompt payment and
performance by the Company and its subsidiaries of the obligations in connection
with a purchase order financing (the “Guaranty” and “Loan”, respectively), the
Company agreed to provide certain compensation to Seremet (the “Letter
Agreement”); and

    

    WHEREAS, on August 31, 2009,
in consideration of Seremet entering into a guaranty with Solutions 2 Go Inc. to
guaranty the payment of all indebtedness of the Company and its affiliates in
connection with that certain Advance Agreement, by and among the Company,
Solutions 2 Go Inc. and Solutions 2 Go LLC, dated as of August 31, 2009 (the
“Advance Agreement”), the Company entered into an amendment to the Letter
Agreement to provide that the references to the Loan and the Guaranty as such
terms are used in the Letter Agreement, shall be set deemed to include,
respectively, the advance made to the Company under the Advance Agreement, and
the guaranty made by Seremet to Solutions 2 Go Inc. in connection therewith;
and

    

    WHEREAS, the Company and
Seremet desire to amend certain provisions of the Letter Agreement as set forth
herein.

    

    NOW THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby amend the Letter Agreement as
follows:

    

    1.           The
first sentence of Section 1 of the Letter Agreement is hereby deleted in its
entirety and replaced with the following:

    

    “For so
long as the Loan and the Guaranty remain in full force and effect, but only for
a period ending on November 30, 2010, Zoo shall pay you a monthly fee of $10,000
per month; provided, however, if for any three consecutive months no amount of
the Loan is due and owing (but it has not been terminated) for any one day
during that time, the monthly fee shall not be owed for the following
month.”

    

    2.           The
Letter Agreement is hereby amended to delete the language in Section 2 of the
Letter Agreement in its entirety, and replace it with the following
language:

    

    “In
consideration of your continued personal guarantees, the Company’s Board of
Directors has approved the issuance to you of an option to purchase (or
restricted stock or other incentives intended to comply with Section 409A of the
Internal Revenue Code, equal to) 6.25% of the Company’s outstanding shares of
common stock, as soon as possible following the consummation of that certain
financing currently contemplated by the Company to raise up to $5,000,000, on
such terms and conditions as shall be determined by the Board of
Directors.  If the Company’s Board of Directors determines that the
aforementioned issuance will be in the form of options to purchase 6.25% of the
Company’s then outstanding shares, the options to acquire such shares shall be
based on a fully diluted current basis as adjusted for stock splits, dividends,
reorganizations and like events.”

    

    3.           This
Amendment constitutes the entire agreement and understanding between the parties
hereto with respect to the subject matter hereof and supersedes all prior oral
or written agreements, representations or understandings between the parties
relating to the subject matter hereof.  The statements and agreements
in this Amendment shall be binding on the parties hereto and their respective
successors and assigns and shall inure to the benefit of the parties hereto and
their respective successors and assigns.  This Amendment may be
executed in any number of counterparts, and by different parties hereto on
separate counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.

    

    [Signature
page follows]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed on their behalf as of the date first written above.

     

    
      
        	
                COMPANY:

              
	 
      	 
      
	
                ZOO
      ENTERTAINMENT, INC.

              
	 
      	 
      
	 
      	 
      
	
                By:

              	
                /s/ David Fremed

              
	
                Name:

              	
                David Fremed

              
	
                Title:

              	
                Chief Financial Officer

              
	 
      	 
      
	
                By:

              	
                /s/ Mark Seremet

              
	
                Name:

              	
                Mark
Seremet

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