Document:

ATRINSIC, INC.

 

Stock Option Agreement

(this “Agreement”)

Dated: ______, 2014

(“Grant Date”)

 

Atrinsic,
Inc., a Delaware corporation (the “Company”), hereby grants to _________ (the “Optionee”),
a stock option (the “Option”) to purchase a total of _________ (_______) shares of the Company's Common Stock,
par value $0.000001 per
share (the “Common Stock”), at a price of $______ per share (the “Exercise Price”).

 

		1.	Term.

 

This Option shall expire
five (5) years from the date hereof (the “Termination Date”). In no event shall this Option be exercisable after
the Termination Date.

 

	 	2.	Characterization of Options.

 

The Option granted pursuant
to this Agreement is intended to constitute a non-qualified option, subject to §83 of the Internal Revenue Code of 1986, as
amended (the “Code”).

 

	 	3.	Exercise of Options.

 

(a)          All
of the shares covered by this Option shall immediately vest on the Grant Date.

 

(b)          This
Option shall be exercisable by written notice of such exercise, in the form prescribed by the Board of Directors of the Company
(the “Board”), to the Secretary or Treasurer of the Company at its principal office. The notice shall specify
the number of shares of Common Stock for which the Option is being exercised (which number, if less than all of the shares then
subject to exercise, shall be 100 or a multiple thereof) and shall be accompanied by payment (i) in cash or by check in the amount
equal to the Exercise Price multiplied by the number of shares to be purchased upon exercise, or (ii) in such other manner as the
Board shall deem acceptable. No shares shall be delivered upon exercise of any option until all laws, rules and regulations which
the Board may deem applicable have been complied with.

 

(c)          The
Optionee shall not be considered a record holder of the Common Stock issuable pursuant to this Agreement for any purpose until
the date on which he or she is actually recorded as the holder of such Common Stock in the records of the Company.

 

    	 

    	 

    

 

		4.	Termination. 

 

Unless the Optionee’s
directorship with the Company is terminated for cause, as provided for in the Company’s bylaws or under Delaware law, this
Option shall terminate on the Termination Date. If the Optionee’s directorship with the Company is terminated for cause,
this Option shall expire on such termination date.

 

Anti-Dilution Provisions.

 

(a)          If
there is any stock dividend, stock split, or combination of shares of Common Stock, the number and amount of shares then subject
to this Option shall be proportionately and appropriately adjusted; no change shall be made in the aggregate purchase price to
be paid for all shares subject to this Option, but the aggregate purchase price shall be allocated among all shares subject to
this Option after giving effect to the adjustment.

 

(b)          If
there is any other change in the Common Stock, including recapitalization, reorganization, sale or exchange of assets, exchange
of shares, offering of subscription rights, or a merger or consolidation in which the Company is the surviving corporation, an
adjustment, if any, shall be made in the shares then subject to this Option as the Board may deem equitable. Failure of the Board
to provide for an adjustment pursuant to this subparagraph prior to the effective date of any Company action referred to herein
shall be conclusive evidence that no adjustment is required in consequence of such action.

 

(c)          If
the Company is merged into or consolidated with any other corporation, or if it sells all or substantially all of its assets to
any other corporation, then either (i) the Company shall cause provisions to be made for the continuance of this Option after such
event, or for the substitution for this Option of an option covering the number and class of securities which the Optionee would
have been entitled to receive in such merger or consolidation by virtue of such sale if the Optionee had been the holder of record
of a number of shares of Common Stock equal to the number of shares covered by the unexercised portion of this Option

 

	 	5.	Investment Representation; Legend on
    Certificates; Resale Restriction.

 

(a)          The
Optionee agrees that until such time as a registration statement under the Securities Act of 1933, as amended (the “1933
Act”), becomes effective with respect to the Option and/or the stock, the Optionee is taking this Option and will take
the stock underlying this Option, for his own account, for investment and not with a view to the resale or distribution thereof.
The Company shall have the right to place upon the face of any stock certificate or certificates evidencing shares issuable upon
the exercise of this Option such legend as the Board may prescribe for the purpose of preventing disposition of such shares in
violation of the 1933 Act, as now or hereafter provided.

 

(b)          Within
ninety days following the effective date of a Form 10 Registration Statement registering the Company’s Common Stock under
the Securities Exchange Act of 1934, as amended, the Company will use commercially reasonable efforts to prepared and file with
the Securities and Exchange Commission a Registration Statement on Form S-8 under the Securities Act of 1933, as amended, registering
the issuance of the shares of Common Stock issuable upon exercise of this Option.

 

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		6.	Non-Transferability.

 

This Option shall not
be transferable by the Optionee other than by will or by the laws of descent or distribution, and is exercisable during the lifetime
of the Optionee only by the Optionee.

 

	 	7.	Certain Rights Not Conferred by Option.

 

The Optionee shall not,
by virtue of holding this Option, be entitled to any rights of a stockholder in the Company.

 

	 	8.	Expenses.

 

The Company shall pay
all original issue and transfer taxes with respect to the issuance and transfer of shares of Common Stock pursuant hereto and all
other fees and expenses necessarily incurred by the Company in connection therewith.

 

		9.	Miscellaneous.

 

In no event shall this
Option be exercisable after the Termination Date. Nothing herein shall be deemed to create any employment agreement or guaranty
of the Optionee’s position with the Company or limit in any way the Company's right to terminate Optionee's position at any
time.

 

WITNESS WHEREOF, the parties have
caused this Agreement to be executed by their respective duly authorized representatives as of the date first above written.

 

	 	ATRINSIC, INC.
	 	 	 
	 	By:	 

 

	Accepted as of the date	 
	first set forth above:	 
	 	 
	 	 

  

    	3LETTER OF AGREEMENT

Date: August 1, 2013

 

Section 1. Services to be Rendered.
The purpose of this letter is to set forth the terms and conditions on which Chord Advisors, LLC (“Chord”) agrees
to provide Atrinsic, Inc. (the “Company”) comprehensive outsourced accounting solutions. These services
may include, but are not limited to, all items listed in “Addendum A.” The Company represents and warrants that it
will provide on a timely basis any information requested by Chord which is necessary to perform such services and further represents
and warrants that such information shall be accurate.

 

Section 2. Engagement Period. Unless
sooner terminated as provided herein, the term of this agreement (the “Engagement Period”) shall commence on
August 1, 2013 and shall continue for a period of twelve (12) calendar months. The Company represents that it is duly organized,
validly existing and in good standing under the laws of its jurisdiction of organization and is duly qualified as a foreign corporation
and in good standing in all jurisdictions in which the nature of its activities requires such qualification. The Company further
represents to Chord: (1) that it has full power and authority to carry on its business as presently or proposed to be conducted
and to enter into and perform its obligations under this Agreement; (2) that this Agreement has been duly authorized by all necessary
corporate actions; and (3) that this Agreement constitutes the valid and binding obligation of the Company, enforceable against
the Company in accordance with its terms (except as such enforcement may be limited by bankruptcy, creditors’ rights laws
or general principles of equity).

 

Section 3. Fees. (a) The Company
shall pay to Chord for its services:

 

		(a)	Initial monthly fee of $500 per month to provide basic accounting functionality for Atrinsic;

		(b)	Initial monthly fee of $500 per month to provide basic accounting functionality for Momspot;

		(c)	Flat fee of $7,500 for oversight/assistance on the accounting/audit side of the Form 10 (this will include dealing with SEC
comments on the filing, etc.). Chord will assume the role of the Principal Accounting Officer upon filing the Form 10;

		(d)	Once the Form 10 is effective and Atrinsic is a reporting entity, $6,000 per month to provide all accounting and book keeping
functionality

		(e)	Once the business is expanded through acquisition of otherwise beyond the MomSpot business, monthly fee will increase to $7,500
(subject to upward adjustment based upon complexity of the then business operations, but not to exceed $10,000 per month).

 

    	Confidential	Page 1

    	 

    

 

	

 

Cash Advisory Fees shall be payable on
or before the 15th day of each calendar month which occurs during the Engagement Period.

 

Section 4. Expenses. In addition
to all other fees payable to Chord hereunder, the Company hereby agrees to reimburse Chord for all reasonable out-of-pocket expenses
incurred in connection with the performance of services hereunder. No individual expenses over $50 per month will be expended without
the prior written approval of the Company.

 

Section 5. Indemnification. Each
of the Company and Chord agrees to defend, indemnify and hold the other and its respective affiliates, stockholders, directors
officers, agents, employees, successors and assigns (each an "Indemnified Person") harmless from and against any
and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses and disbursements of any
kind whatsoever (including, without limitation, reasonable attorneys' fees) which arise from the Company's or Chord's (as the case
may be) breach of its obligations hereunder or any representation or warranty made by it herein. It is further agreed that the
foregoing indemnity shall be in addition to any rights that either party may have at common law or otherwise, including, but not
limited to, any right to contribution.

 

Section 6. Termination of Agreement.
(a) Subject to paragraph (b) below, either party may terminate this Agreement and Chord’s engagement hereunder, with or without
cause, immediately upon written notice given to the other party at any time during the Engagement Period hereunder. In such event,
all compensation accrued to Chord prior to such cancellation, whether in the form of Advisory Fees, reimbursement for expenses
or otherwise, will become due and payable promptly upon such termination and Chord shall be relieved of any and all further obligation
to provide any services hereunder.

 

(b) Notwithstanding
anything to the contrary herein contained, Sections 4, 5, 6, 7, 8, 9, 10 and 11 shall survive any termination or breach of this
agreement by either party.

 

Section 7. Severability. In case
any provision of this letter agreement shall be invalid, illegal, or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not be affected or impaired thereby.

 

Section
8. Consent to Jurisdiction. This agreement shall be governed and construed in accordance with the laws of the State
of New York without regard to conflicts of laws principles. The parties further consent to the exclusive jurisdiction of the State
and Federal courts located within the City, County and State of New York to resolve any dispute arising under this Agreement, and
waive any defense to such jurisdiction based upon inconvenient forum.

    	Confidential	Page 2

    	 

    

 

	

 

Section 9. Other Services. If the
Company desires additional services not provided for in this agreement, any such additional services shall be covered by a separate
agreement between the parties hereto.

 

Section 10. Entire Agreement. This
letter agreement contains the entire agreement of the Company and Chord, and supersedes any and all prior discussions and agreements,
whether oral or written, with respect to the matters addressed herein.

 

Section 11. Counterparts. This letter
agreement may executed in two or more counterparts, each of which shall be considered an original and all of which, taken together,
shall be considered as one and the same instrument.

 

Please evidence your
acceptance of the provisions of this letter by signing below and returning a copy to Chord Advisors, LLC.

 

	Very truly yours,	 
	 	 
	 	/s/ David Horin	 
	 	David Horin	 
	 	President	 
	 	Chord Advisors, LLC	 
	 	 
	ACCEPTED AND AGREED	 
	AS OF THE DATE FIRST ABOVE WRITTEN:	 
	 	 
	By:	/s/ Sebastian Giordano	 
	 	Name:	Sebastian Giordano	 
	 	Title:	Acting Chief Executive Officer	 
	 	 	 	 	 

 

    	Confidential	Page 3

    	 

    

 

	

 

ADDENDUM
“A”

 

Chord will provide senior financial leadership
and perform the following functions:

 

CFO Services

 

		·	Mergers & acquisitions

		·	Stock based compensation structuring

		·	Debt & equity transaction support

		·	Assistance with earnings releases and deal and non-deal roadshows

 

Accounting Policy
and Financial Reporting

 

		·	Document and implement new and existing accounting policies

		·	Respond to SEC Comment Letters

		·	Provide accounting policy for corporate finance transactions

		·	Audit committee support

		·	Drafting registration statements

 

Full Service Bookkeeping

 

		•	Full service bookkeeping

		•	General ledger accounting

		•	Account reconciliation

		•	Accounts receivable

		•	Accounts payable

 

    	Confidential	Page 4

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