Document:

MEMBERSHIP INTEREST PURCHASE AGREEMENT

 

THIS MEMBERSHIP INTEREST
PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of July 12, 2013, by and among Momspot LLC,
a Delaware limited liability company (the “Company”), and Atrinsic, Inc., a Delaware corporation (“Purchaser”
and together with the Company, each a “Party” and collectively, the “Parties”). All capitalized
terms not otherwise defined in this Agreement, have the meanings ascribed to them in the Company’s Operating Agreement, dated
as of the date hereof (the “Operating Agreement”).

 

RECITALS

 

WHEREAS, the Company
desires to issue and sell to Purchaser, and Purchaser desires to purchase from the Company, a percentage of the Membership Interests
in the Company (each a “Membership Interest” and collectively, the “Membership Interests”),
all upon the terms and subject to the conditions set forth herein and upon the terms and provisions of the Operating Agreement.

 

Now,
Therefore, in consideration of the mutual agreements set forth herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

 

ARTICLE I

PURCHASE AND SALE
OF MEMBERSHIP INTEREST

 

Section 1.1         Sale
and Issuance of Membership Interest. Subject to the terms and conditions set forth in this Agreement, the Company is simultaneously
herewith issuing and selling to Purchaser, and Purchaser is purchasing from the Company, fifty-one percent (51%) of the Membership
Interests in the Company in exchange for Purchaser’s commitment to contribute to the Company, upon closing of the transactions
contemplated here by, $165,000 to finance the anticipated working capital needs of the Company.

 

Section 1.2         Admission
as Member. The Company further agrees to admit Purchaser as a Member (as such term is defined in the Operating Agreement),
in accordance with the terms and conditions of the Operating Agreement.

 

Section 1.3         Closing.
The closing (the “Closing”) of the sale and admission of Purchaser as a Member (as such term is defined in the
Operating Agreement) shall occur upon the acceptance of Purchaser’s subscription, as evidenced by the Company’s execution
of this Agreement.

 

ARTICLE II

REPRESENTATIONS AND
WARRANTIES OF THE COMPANY

 

As a material inducement
to Purchaser to enter into this Agreement and to purchase the Membership Interest, the Company hereby represents and warrants to
Purchaser as follows:

 

Section 2.1         Organization
and Qualification. The Company is a limited liability company duly organized, validly existing, and in good standing under
the laws of the State of Delaware and has all requisite power and authority to carry on its business and activities as presently
conducted and to carry out the purposes set forth in Section 3.1 of the Operating Agreement.

 

    	 

    	 

    

 

Section 2.2         Capitalization.
Assuming the consummation of the transactions contemplated by this Agreement, all of the outstanding ownership interests in the
Company are as set forth on Schedule A to the Operating Agreement. Other than as set forth in this Agreement, there exist no options
or other rights to acquire any ownership interest in the Company.

 

Section 2.3         Subsidiaries.
The Company does not presently own or control, directly or indirectly, any equity interest in any other corporation, partnership,
limited liability company, association or other business entity. The Company is not a participant in any joint venture, partnership,
or similar arrangement.

 

Section 2.4         Authorization.
The execution and delivery of this Agreement, the performance by the Company of its obligations hereunder, and the issuance (or
reservation for issuance) and delivery of the Membership Interest being issued have been duly authorized by, and this Agreement
constitutes a valid and legally binding obligation of, the Company enforceable against the Company in accordance with its terms,
except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other laws
of general application relating to or affecting the enforcement of creditors’ rights generally, (ii) as limited by laws relating
to the availability of specific performance, injunctive relief, or other equitable remedies, or (iii) as rights to indemnity
may be limited by federal or state securities laws or by public policy.

 

Section 2.5         Compliance
with Other Instruments. The Company is not in material violation or default of any provisions of its Certificate of Formation
or Operating Agreement or, to its knowledge of any material provision of any United States federal or state judgment, writ, decree,
order, statute, rule or governmental regulation applicable to the Company, which would have a material adverse effect on the Company’s
business. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby
will not result in any violation or constitute, with or without the passage of time, a default under any provision of any material
contract to which the Company is a party or an event which results in the creation of any lien, charge or encumbrance upon any
assets of the Company other than those which would not have a material adverse effect on the Company’s business and assets.

 

Section 2.6         Governmental
Authority and Consents. No consent, approval, order or authorization of, or registration, qualification, designation, declaration
or filing with, any federal, state or local governmental authority on the part of the Company is required in connection with the
consummation of the transactions contemplated by this Agreement.

 

Section 2.7         Litigation.
There is no action, suit, proceeding or investigation pending or, to the Company’s knowledge, currently threatened against
the Company which questions the validity of this Agreement or the right of the Company to enter into it or to consummate the transactions
contemplated hereby, or which might result, either individually or in the aggregate, in any material adverse changes in the business
or financial condition or prospects of the Company, or any change in the current equity ownership of the Company, nor is the Company
aware that there is any basis for the foregoing.

 

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ARTICLE III

REPRESENTATIONS AND
WARRANTIES OF PURCHASER

 

As a material inducement
to the Company to enter into this Agreement and to issue and sell the Membership Interest to Purchaser, Purchaser hereby represents
and warrants to the Company as follows:

 

Section 3.1         Authorization;
Enforceability. Purchaser has the right, power and authority to execute and deliver this Agreement and to perform its obligations
thereunder in accordance with the terms thereof. The execution, delivery and performance of this Agreement has been duly and validly
authorized and approved by all necessary action on the part of Purchaser.

 

Section 3.2         Consents
and Approvals. Purchaser has obtained all consents and approvals necessary for it to enter into, and consummate the transactions
contemplated by, this Agreement.

 

Section 3.3         Investment
Representations.

 

(a)          Purchaser
is a sophisticated investor and has such knowledge and experience in financial and business matters that it is capable of evaluating
the merits and risks of the prospective investment in the Membership Interest, which are substantial, and has in fact evaluated
such merits and risks in making its investment decision to purchase the Membership Interest. Purchaser has consulted and relied
upon its own tax, financial, legal or business advisors as to the appropriateness of an investment in the Membership Interest.

 

(b)          Purchaser
is an “accredited investor” as defined in Regulation D promulgated under the Securities Act of 1933, as amended (the
“Securities Act”) and is acquiring the Membership Interest acquired by it for investment purposes and
not with a view to the distribution thereof or of or any part thereof in violation of the Securities Act or any applicable state
securities laws.

 

(c)          Purchaser
has been granted the opportunity to conduct a full and fair examination of the records, documents and files of the Company, to
ask questions of and receive answers from representatives of the Company, its officers, managers, employees and agents concerning
the terms and conditions of this offering and the sale of the Membership Interest hereunder, the Company and its business and prospects,
and to obtain any additional information which Purchaser deems necessary to verify the accuracy of the information received. Purchaser
further represents that it has had an opportunity to ask questions and receive answers from the Company regarding the terms and
conditions of the Membership Interest, and any information so requested has been made available to the full and complete satisfaction
of Purchaser.

 

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(d)          Purchaser
understands that the Membership Interests have not been and will not be registered under the Securities Act or applicable state
securities laws and, therefore, cannot be reoffered or resold unless subsequently registered under the Securities Act and applicable
state securities laws or unless an exemption from the registration requirements of the Securities Act and applicable state securities
laws is available. Purchaser understands that the Company is under no obligation to register the Membership Interests under the
Securities Act or assist Purchaser with complying with any exemption from registration under the Securities Act. Accordingly, Purchaser
is aware that there are legal and practical limits on its ability to sell or dispose of the Membership Interest and, therefore,
that Purchaser must bear the economic risk of its investment for an indefinite period of time. Purchaser has adequate means of
providing for Purchaser’s current needs and possible personal contingencies and has no need for any liquidity in its investment.

 

Section 3.4         Operating
Agreement.         Purchaser acknowledges that the Membership Interests and the
holders thereof shall have the rights and obligations set forth in the Operating Agreement.

 

ARTICLE IV

MISCELLANEOUS PROVISIONS

 

Section 4.1         Survival.
All representations, warranties, covenants and agreements contained in this Agreement and in any certificate or other instrument
delivered pursuant hereto shall survive the execution and delivery of this Agreement and the consummation of the transactions contemplated
hereby.

 

Section 4.2         Execution
in Counterparts. This Agreement may be executed in any number of original, electronic or facsimile counterparts, each of which
shall be deemed an original instrument and all of which together shall constitute one and the same agreement.

 

Section 4.3         Amendments
and Waivers. No provision of this Agreement may be amended, modified or waived except by a written instrument signed, in the
case of an amendment, by each Party or, in the case of a waiver, by the Party against whom enforcement of any such waiver is sought.
No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing
waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof,
nor shall any delay or omission of a Party to exercise any right hereunder in any manner impair the exercise of any such right.

 

Section 4.4         Severability.
Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable
law. If any provision of this Agreement shall, for any reason, be held to be invalid, illegal or unenforceable in any respect,
such provision shall be ineffective to the extent, but only to the extent, of such invalidity, illegality or unenforceability without
invalidating the remainder of such invalid, illegal or unenforceable provision or any other provisions hereof, unless such a construction
would be unreasonable.

 

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Section 4.5           Governing
Law; Choice of Jurisdiction; WAIVER OF JURY TRIAL. This Agreement shall be governed by and construed in accordance with the
laws of the State of Delaware, without regard to conflict of laws provisions thereof to the extent that the general application
of the laws of another jurisdiction would be required thereby. The Parties (a) hereby irrevocably and unconditionally submit to
the jurisdiction of the Federal or state courts of the State of New York, County of New York for the purpose of any suit, action
or other proceeding arising out of or based upon this Agreement, (b) agree not to commence any suit, action or other proceeding
arising out of or based upon this Agreement except in the Federal or state courts of State of New York, County of New York, and
(c) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding,
any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune
from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit,
action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court. EACH
PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT IT MAY LEGALLY AND EFFECTIVELY DO SO, TRIAL BY
JURY IN ANY SUIT, ACTION OR PROCEEDING ARISING HEREUNDER.

 

Section 4.6         Successors
and Assigns. This Agreement shall be binding upon, inure to the benefit of and be enforceable by the Parties and their respective
successors, permitted assigns, heirs, executors and legal representatives.

 

Section 4.7         No
Third Party Beneficiaries. Nothing in this Agreement, express or implied, is intended or shall be construed to confer upon
any third person, other than the Parties, any right, remedy or claim under or by reason of this Agreement.

 

Section 4.8         Headings.
The headings of Sections and Subsections contained in this Agreement have been inserted for convenience of reference only and shall
not be deemed to be a part of or to affect in any way the meaning, construction or interpretation of this Agreement.

 

Section 4.9         Further
Assurances. On and after the date hereof, each Party shall use reasonable best efforts to take, or cause to taken, such other
actions and to execute and deliver, or cause to be executed and delivered, such other documents, certificates and agreements as
may be reasonably requested by another Party or as may otherwise be necessary to implement expeditiously the provisions of this
Agreement and to make effective, as soon as reasonably practicable, the transactions contemplated hereby.

 

Section 4.10       Entire
Agreement; Integration. This Agreement and the Operating Agreement constitute the entire agreement, and supersede any and all
previous agreements, among the parties with respect to the subject matter hereof.

 

[The remainder of this page has been
intentionally left blank.]

 

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IN WITNESS WHEREOF,
each Party has duly executed or caused to be duly executed this Agreement as of the date first above written.

 

	 	MOMSPOT LLC
	 	 	 	 
	 	By:	ATRINSIC, INC., Manager
	 	 	 	 
	 	By:	/s/ Sebastian Giordano
	 	 	Name:	Sebastian Giordano
	 	 	Title:	Interim Chief Restructuring Officer
	 	 	 	 
	 	ATRINSIC, INC.
	 	 	 	 
	 	By:	/s/ Sebastian Giordano
	 	 	Name:	Sebastian Giordano
	 	 	Title:	Interim Chief Restructuring Officer

 

[Signature Page to Membership
Interest Purchase Agreement]LIMITED LIABILITY COMPANY AGREEMENT

 

OF

 

MOMSPOT LLC

 

    	 

    	 

    

 

Table of Contents

 

	 	Page
	 	 
	ARTICLE I  DEFINITIONS	1
	1.1  Act	1
	1.2  Acquisition Offer	1
	1.3  Additional Capital Contribution	1
	1.4  Additional Members	1
	1.5  Adjusted Capital Account Deficit	1
	1.6  Agreement	2
	1.7  Articles	2
	1.8  Asset Sale	2
	1.9  Atrinsic. Atrinsic, Inc	2
	1.10  BE Global	2
	1.11  Business Day	2
	1.12  Capital Account	2
	1.13  Capital Contribution	2
	1.14  Code	2
	1.15  Company	2
	1.16  Company Minimum Gain	2
	1.17  Company Value	2
	1.18  Contribution Agreement	3
	1.19  Depreciation	3
	1.20  Drag-Along Notice	3
	1.21  Economic Risk of Loss	3
	1.22  Final Company Value	3
	1.23  First Appraiser	3
	1.24  First Appraised Company Value	3
	1.25  First Refusal Notice	3
	1.26  Fiscal Year	3
	1.27  Gross Asset Value	3
	1.28  Indemnitee	4
	1.29  Interests Sale	4
	1.30  Manager	4
	1.31  Members	4
	1.32  Membership Interest	4
	1.33  Membership Interest Purchase Agreement	4
	1.34  Member Nonrecourse Debt	4
	1.35  Member Nonrecourse Deductions	4
	1.36  Merger	5
	1.37  Minimum Gain Attributable to a Member Nonrecourse Debt	5
	1.38  Nonrecourse Deductions	5
	1.39  Nonrecourse Liability(ies)	5
	1.40  Offer Price	5
	1.41  Olshan	5

 

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Table of Contents

(continued)

 

	 	Page
	 	 
	1.42  Overallotment Notice	5
	1.43  Participating Member	5
	1.44  Person	5
	1.45  Principal Office	5
	1.46  Profits or Losses	5
	1.47  Property	6
	1.48  Regulatory Allocations	6
	1.49  Right of First Refusal Period	6
	1.50  Sale Transaction	6
	1.51  Schedule A	6
	1.52  Second Appraiser	6
	1.53  Second Appraised Company Value	7
	1.54  Securities Act	7
	1.55  Selling Participants	7
	1.56  Tag-Along Notice	7
	1.57  Tag-Along Period	7
	1.58  Tax Item	7
	1.59  Tax Matters Partner	7
	1.60  Third Appraiser	7
	1.61  Third Appraised Company Value	7
	1.62  Third Party	7
	1.63  Third Party Terms	7
	1.64  Transfer	7
	1.65  Transferring Member	7
	1.66  Transferor Tag-Along Notice	7
	1.67  Unsubscribed Interests	7
	1.68  Withdrawal Date	7
	 	 
	ARTICLE II  FORMATION	8
	2.1  Organization	8
	2.2  Agreement	8
	2.3  Name	8
	2.4  Term	8
	2.5  Principal Office	8
	 	 
	ARTICLE III  PURPOSE; NATURE OF BUSINESS	8
	 	 
	ARTICLE IV  ACCOUNTING AND RECORDS	8
	 	 
	ARTICLE V  NAMES AND ADDRESSES OF MEMBERS	9
	 	 
	ARTICLE VI  RIGHTS AND DUTIES OF MEMBERS	9
	6.1  Conflicts of Interest	9

 

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Table of Contents

(continued)

 

	 	Page
	 	 
	ARTICLE VII  MANAGEMENT OF THE COMPANY	9
	7.1  Manager	9
	7.2  Designation of Successor Manager	9
	7.3  Appointment of Officers	9
	7.4  No Fiduciary Obligations	10
	7.5  Indemnification	10
	7.6  Reimbursements	11
	7.7  Unanimous Restriction on Authority of the Members and Manager	11
	 	 
	ARTICLE VIII  CONTRIBUTIONS AND CAPITAL ACCOUNTS	11
	8.1  Capital Contributions	11
	8.2  Additional Capital Contributions	12
	8.3  Capital Account	12
	8.4  No Obligation to Restore Deficit Balance	13
	8.5  Withdrawal; Successors	13
	8.6  Interest	13
	 	 
	ARTICLE IX  ALLOCATIONS AND DISTRIBUTIONS	13
	9.1  Distributions	13
	9.2  Tax Allocation of Profits and Losses	13
	9.3  Special Allocations	14
	9.4  Curative Allocations	15
	9.5  Tax Allocations;  Section 704(c) Allocations	16
	9.6  Transfer of Membership Interests	16
	9.7  Tax Matters Partner	16
	 	 
	ARTICLE X  ADMISSION AND WITHDRAWAL OF MEMBERS	16
	10.1  Additional Members	16
	10.2  Withdrawals	17
	 	 
	ARTICLE XI  TRANSFER OF MEMBERSHIP INTEREST	18
	11.1  Transfers	18
	11.2  Right of First Refusal	19
	11.3  Tag-Along Right	21
	11.4  Drag-Along Right	22
	 	 
	ARTICLE XII  DISSOLUTION AND WINDING UP	23
	12.1  Dissolution	23
	12.2  Effect of Dissolution	23
	12.3  Distribution of Assets on Dissolution	23
	12.4  Winding Up and Filing Articles of Dissolution	24
	 	 
	ARTICLE XIII  MISCELLANEOUS	24
	13.1  Notices	24

 

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Table of Contents

(continued)

 

	 	Page
	 	 
	13.2  Entire Agreement	24
	13.3  Saving Clause	24
	13.4  Counterparts	25
	13.5  Governing Law	25
	13.6  No Rights of Creditors and Third Parties under Agreement	25
	13.7  Counsel	25
	13.8  Amendment	25
	13.9  Choice of Law	25
	13.10  Waiver of Jury Trial	25
	 	 
	SCHEDULE A – MEMBERS	

 

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Limited Liability Company Agreement

 

of

 

MOMSPOT LLC

 

This Limited Liability
Company Operating Agreement of the above, a limited liability company organized pursuant to the Delaware Limited Liability Company
Act, is entered into and shall be effective as of July 12, 2013, by and among the Company and the persons executing this Agreement.

 

ARTICLE
I

DEFINITIONS

 

For purposes of this
Agreement, unless the context clearly indicates otherwise, terms used herein shall have the meaning set forth in the Act (as defined
below), and the following terms shall have the following meanings:

 

1.1           Act.
The Delaware Limited Liability Company Act and all amendments thereto.

 

1.2           Acquisition
Offer. Acquisition Offer has the meaning set forth in Section 11.4(a).

 

1.3           Additional
Capital Contribution. Any additional contribution of capital, whether money or property, to the Company made after the date
hereof.

 

1.4           Additional
Members. Additional Members shall have the meaning set forth in Section 10.1.

 

1.5           Adjusted
Capital Account Deficit. With respect to any Member, the deficit balance, if any, in such Member’s Capital Account as
of the end of any relevant Fiscal Year, after giving effect to the following adjustments:

 

		(a)	credit to such Capital Account any amounts which such
Member is obligated or treated as obligated to restore with respect to any deficit balance in such Capital Account pursuant to
Treas. Regs. § 1.704 1(b)(2)(ii)(c), or is deemed to be obligated to restore with respect to any deficit balance pursuant
to the penultimate sentences of Treas. Regs. § 1.704 2(g)(1) and § 1.704 2(i)(5); and

 

		(b)	debit to such Capital Account the items described in
Treas. Regs. § 1.704 1(b)(2)(ii)(d)(4), (5) and (6).

 

The foregoing definition of Adjusted Capital
Account Deficit is intended to comply with the requirements of the alternate test for economic effect contained in Treas. Regs.
§ 1.704 1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

 

    	 

    	 

    

 

1.6           Agreement.
This Limited Liability Company Operating Agreement including all amendments adopted in accordance with the Agreement and the Act.

 

1.7           Articles.
The Certificate of Formation of the Company, as amended from time to time, and filed with the Department of State of Delaware.

 

1.8           Asset
Sale. Asset Sale has the meaning set forth in Section 11.4(a).

 

1.9           Atrinsic.
Atrinsic, Inc.

 

1.10         BE
Global. Be Global LLC.

 

1.11         Business
Day. Any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by law to be closed in
New York, New York.

 

1.12         Capital
Account. As to any Member, the capital account established for each Member pursuant to this Agreement, which is determined
and maintained in accordance with the rules of Treas. Regs. § 1.704-1(b)(2)(iv), as amended, and in accordance with the other
provisions of Treas. Regs. § 1.704-1(b) that must be complied with in order for the Capital Accounts to be determined and
maintained in accordance with Treas. Regs. § 1.704-1(b). In furtherance of the foregoing, the Capital Accounts shall be maintained
in accordance with said Treasury Regulations and shall be interpreted and applied in a manner consistent therewith. Each Member’s
Capital Account shall also reflect any additional adjustments which at any time are required or permitted to be made thereto in
accordance with the provisions of the Treas. Regs. § 1.704-1(b) (including Treas. Regs. § 1.704-1(b)(2)(ii)); provided,
however, any optional adjustments permitted by the Treas. Regs. § 1.704-1(b) (including Treas. Regs. § 1.704-1(b)(2)(ii))
shall be made only at the election of the Manager.

 

1.13         Capital
Contribution. Any contribution of cash, Property or services made by or on behalf of a Member.

 

1.14         Code.
The Internal Revenue Code of 1986, as amended, as in effect from time to time, and any successor thereto.

 

1.15         Company.
The company named at the beginning of this Agreement, a limited liability company formed under the laws of Delaware, and any successor
limited liability company.

 

1.16         Company
Minimum Gain. “Partnership minimum gain” as defined in Treas. Regs. § 1.704 2(b)(2) and shall generally refer
to the aggregate amount by which the Nonrecourse Liabilities secured by any asset of the Company exceed the adjusted tax basis
of such asset as of the date of determination. A Member’s share of Company Minimum Gain (and any net decrease thereof) at
any time shall be determined in accordance with Treas. Regs. § 1.704-2(g).

 

1.17         Company
Value. Company Value has the meaning set forth in Section 10.2(c)(i).

 

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1.18         Contribution
Agreement. Contribution Agreement has the meaning set forth in Section 8.1(a).

 

1.19         Depreciation.
If there is no difference between the fair market value and the adjusted tax basis of property upon the contribution of such property
to the Company or upon the revaluation of such property pursuant to Treas. Regs. § 1.704-1(b)(2)(iv)(f), depreciation, depletion
or amortization, as the case may be, allowed or allowable for federal income tax purposes (“Tax Depreciation”);
otherwise, Depreciation shall mean book depreciation, depletion or amortization as determined under Treas. Regs. § 1.704-1(b)(2)(iv)(g)(3)
(“Book Depreciation”) and Members’ Capital Accounts shall be adjusted in accordance with said regulation.

 

1.20         Drag-Along
Notice. Drag-Along Notice has the meaning set forth in Section 11.4(b).

 

1.21         Economic
Risk of Loss. Economic Risk of Loss has the meaning set forth in Treas. Regs. § 1.752-2(a).

 

1.22         Final
Company Value. Final Company Value has the meaning set forth in Section 10.2(c)(ii).

 

1.23         First
Appraiser. First Appraisal has the meaning set forth in Section 10.2(c)(i).

 

1.24         First
Appraised Company Value. First Appraised Company Value has the meaning set forth in Section 10.2(c)(i).

 

1.25         First
Refusal Notice. First Refusal Notice has the meaning set forth in Section 11.2(b).

 

1.26         Fiscal
Year. The calendar year.

 

1.27         Gross
Asset Value. With respect to any asset of the Company, the asset’s adjusted basis for federal income tax purposes, except
as follows:

 

(a)          the
initial Gross Asset Value of any asset contributed by a Member to the Company shall be the gross fair market value of such asset,
as reasonably determined by the Manager;

 

(b)          if
the Manager reasonably determines that such adjustment is necessary or appropriate to reflect the relative economic interests of
the Members in the Company, the Gross Asset Values of all Company assets shall be adjusted to equal their respective gross fair
market values, as reasonably determined by the Manager, as of the following times: (i) the acquisition of an additional Interest
in the Company by any new or existing Member in exchange for more than a de minimis capital contribution; (ii) the distribution
by the Company to a Member of more than a de minimis amount of Company property as consideration for an Interest
in the Company; and (iii) the liquidation of the Company within the meaning of Treas. Regs. § 1.704-1(b)(2)(ii)(g);

 

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(c)          the
Gross Asset Values of Company assets distributed to any Member shall be the gross fair market values of such assets (taking Code
Section 7701(g) into account) as reasonably determined by the Manager as of the date of distribution; and

 

(d)          the
Gross Asset Values of Company assets shall be increased (or decreased) to reflect any adjustments to the adjusted basis of such
assets pursuant to Code Section 734(b) or Code Section 743(b), but only to the extent that such adjustments are taken into account
in determining Capital Accounts pursuant to Treas. Regs. § 1.704-1(b)(2)(iv)(m) and Section 4.3(g); provided, however, that
Gross Asset Values shall not be adjusted pursuant to this paragraph to the extent that the Manager reasonably determines that an
adjustment pursuant to Paragraph (b) above is necessary or appropriate in connection with a transaction that would otherwise result
in an adjustment pursuant to this Paragraph.

 

At all times, Gross
Asset Values shall be adjusted by Depreciation, which Depreciation is taken into account with respect to the Company’s assets
for purposes of computing Net Profits or Net Losses. Any adjustment to the Gross Asset Values of Company property shall require
an adjustment to the Members’ Capital Accounts; as for the manner in which such adjustments are allocated to the Capital
Accounts, see Paragraph (d) of the definition of Profits and Losses in the case of adjustments by Depreciation, and see Paragraph
(e) of said definition in all other cases.

 

1.28         Indemnitee.
Indemnitee has the meaning set forth in Section 7.5(e).

 

1.29         Interests
Sale. Interests Sale has the meaning set forth in Section 11.4(a).

 

1.30         Manager.
Atrinsic and its successors appointed under Section 7.1.

 

1.31         Members.
The members of the Company set forth on Schedule A and their permitted successors.

 

1.32         Membership
Interest. The rights of a Member to distributions (liquidating or otherwise) and allocations of the profits, losses, gains,
deductions, and credits of the Company, and, to the extent permitted by this Agreement, to possess and exercise voting or approval
rights.

 

1.33         Membership
Interest Purchase Agreement. Membership Interest Purchase Agreement has the meaning set forth in Section 8.1(b).

 

1.34         Member
Nonrecourse Debt. Member Nonrecourse Debt has the meaning set forth in Treas. Regs. § 1.704-2(b)(1), assuming, for such
purposes, that each Member were a partner of a partnership to which such provisions would apply. For purposes hereof, any liability
for which a Member bears the Economic Risk of Loss and which would (but for such Economic Risk of Loss) be considered a Nonrecourse
Liability hereunder shall be deemed a Member Nonrecourse Debt.

 

1.35         Member
Nonrecourse Deductions. Member Nonrecourse Deductions shall have the meaning set forth in Treas. Regs.
§ 1.704-2(i)(2), assuming, for such purposes, that each Member were a partner of a partnership to which such provisions would
apply, and shall generally refer to, for a Company fiscal year, the net increase, if any, in the amount of Minimum Gain Attributable
to a Member Nonrecourse Debt during that fiscal year, reduced (but not below zero) by the aggregate amount of any distributions
made during such taxable year of proceeds of a Member Nonrecourse Debt that are allocable to an increase in Minimum Gain Attributable
to a Member Nonrecourse Debt, determined according to the principles of Treas. Regs. § 1.704-2(i)(2).

 

    	4

    	 

    

 

1.36         Merger.
Merger has the meaning set forth in Section 11.4(a).

 

1.37         Minimum
Gain Attributable to a Member Nonrecourse Debt. Minimum Gain Attributable to a Member Nonrecourse Debt has the meaning set
forth in Treas. Regs. § 1.704-2(i)(2), assuming for such purposes, that each Member were a partner of a partnership to which
such provisions would apply, and shall generally refer to the aggregate amount by which the Member Nonrecourse Debt secured by
any asset of the Company exceeds the adjusted tax basis of such asset as of the date of determination. A Member’s share of
Minimum Gain Attributable to a Member Nonrecourse Debt (and any net decrease thereof) at any time shall be determined in accordance
with Treas. Regs. § 1.704-2(i).

 

1.38         Nonrecourse
Deductions.  Nonrecourse Deductions means for a Company fiscal year, the net increase, if any, in the amount of Company Minimum
Gain during that fiscal year, reduced (but not below zero) by the aggregate amount of any distributions made during such taxable
year of proceeds of a Nonrecourse Liability that are allocable to an increase in Company Minimum Gain, determined according to
the principles of Treas. Regs. § 1.704-2(c).

 

1.39         Nonrecourse
Liability(ies). Nonrecourse Liability(ies) shall have the meaning set forth in Treas. Regs. § 1.752-1(a)(2) and further
provided that any unsecured liability which is recourse to the Company (or its assets) but for which no Member is considered to
bear the Economic Risk of Loss shall be considered to be a Nonrecourse Liability for purposes hereof.

 

1.40         Offer
Price. Offer Price has the meaning set forth in Section 11.2(b).

 

1.41         Olshan.
Olshan Frome Wolosky LLP.

 

1.42         Overallotment
Notice. Overallotment Notice has the meaning set forth in Section 11.2(c).

 

1.43         Participating
Member. Participating Member has the meaning set forth in Section 11.2(b).

 

1.44         Person.
Person has the meaning set forth in Section 7.5(f).

 

1.45         Principal
Office. Principal Office has the meaning set forth in Section 2.5.

 

1.46         Profits
or Losses. Profits or Losses, as the case may be, means the taxable income or loss of the Company for Federal income
tax purposes determined in accordance with Section 703(a) of the Code as of the close of the Company’s fiscal year (or such
other time as may be required by this Agreement), inclusive of all items of income, gain, loss or deduction required to be separately
taxed pursuant to said Section 703(a) appropriately adjusted with respect to final determination of any of the foregoing for Federal
income tax purposes and as follows:

 

    	5

    	 

    

 

(a)          any
income of the Company that is exempt from federal income tax and not otherwise taken into account in computing Profits or Losses
shall be added to such taxable income or loss;

 

(b)          any
expenditures of the Company described in Section 705(a)(2)(B) of the Code or treated as Section 705(a)(2)(B) expenditures under
Section 704(b) of the Code and not otherwise taken into account in computing Profits or Losses shall be subtracted from such taxable
income or loss;

 

(c)          gain
or loss resulting from any disposition of Company property with respect to which gain or loss is recognized for federal income
tax purposes shall be computed by reference to the book value of such property rather than its adjusted tax basis;

 

(d)          in
lieu of the depreciation, depletion, amortization and other cost recovery deductions taken into account in computing taxable income
or loss, there shall be taken into account Depreciation; and

 

(e)          in
the event of an adjustment of the book value of any Company asset which requires that the Capital Accounts of the Company be adjusted
pursuant to Treas. Regs. § 1.704-1(b)(2)(iv)(e), (f) and (m), the amount of such adjustments are, in the case of Treas. Regs.
§ 1.704-1(b)(2)(iv) (e) and (f), to be taken into account as gain or loss from a taxable disposition of Company property pursuant
to Paragraph (c) above, and, in the case of Treas. Regs. § 1.704-1(b)(2)(iv)(m), to be taken into account as additional Profits
or Losses but subject to the special allocations set forth in Section 9.3 hereof.

 

Notwithstanding any
other provision hereof, any items which are specially allocated pursuant to the provisions of Section 9.3 hereof shall not be taken
into account in computing Profits or Losses.

 

1.47         Property.
Any property, real or personal, tangible or intangible, including money, and any legal or equitable interest in such property,
but excluding services and promises to perform services in the future.

 

1.48         Regulatory
Allocations. Regulatory Allocations has the meaning set forth in Section 9.4.

 

1.49         Right
of First Refusal Period. Right of First Refusal Period has the meaning set forth in Section 11.2(b).

 

1.50         Sale
Transaction. Sale Transaction has the meaning set forth in Section 11.4(a).

 

1.51         Schedule
A. Schedule A to this Agreement setting forth the name, address, initial Capital Contribution, Membership Interest of each
Member, and the Member designated as the Tax Matters Partner.

 

1.52         Second
Appraiser. Second Appraisal has the meaning set forth in Section 10.2(c)(ii).

 

    	6

    	 

    

 

1.53         Second
Appraised Company Value. Second Appraised Company Value has the meaning set forth in Section 10.2(c)(ii).

 

1.54         Securities
Act. Securities Act has the meaning set forth in Section 11.1(a).

 

1.55         Selling
Participants. Selling Participants has the meaning set forth in Section 11.3(a).

 

1.56         Tag-Along
Notice. Tag Along Notice has the meaning set forth in Section 11.3 (d).

 

1.57         Tag-Along
Period. Tag Along Period has the meaning set forth in Section 11.3 (d).

 

1.58         Tax
Item. Each item of income, gain, loss, deduction, or credit of the Company for federal tax purposes, as separately stated and
calculated pursuant to the Code.

 

1.59         Tax
Matters Partner.  Tax Matters Partner shall have the meaning set forth in Section 9.7

 

1.60         Third
Appraiser. Third Appraiser has the meaning set forth in Section 10.2(c)(ii).

 

1.61         Third
Appraised Company Value. Third Appraised Company Value has the meaning set forth in Section 10.2(c)(ii).

 

1.62         Third
Party. Third Party has the meaning set forth in Section 11.2(a).

 

1.63         Third
Party Terms. Third Party Terms has the meaning set forth in Section 11.2(b).

 

1.64         Transfer.
Transfer has the meaning set forth in Section 11.1(a).

 

1.65         Transferring
Member. Transferring Member has the meaning set forth in Section 11.2(a).

 

1.66         Transferor
Tag-Along Notice. Transferor Tag-Along Notice has the meaning set forth in Section 11.3(c).

 

1.67         Unsubscribed
Interests. Unsubscribed Interests has the meaning set forth in Section 11.2(c).

 

1.68         Withdrawal
Date. Withdrawal Date has the meaning set forth in Section 10.2(b)(iii).

 

    	7

    	 

    

 

ARTICLE
II

FORMATION

 

2.1           Organization.
The Company was organized as a Delaware limited liability company on December 13, 2012, by the filing of the Articles pursuant
to the provisions of the Act and the issuance of a certificate of formation for the Company by the Secretary of the State of Delaware.

 

2.2           Agreement.
For and in consideration of the mutual covenants herein contained and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Members executing the Agreement hereby agree to the terms and conditions of the
Agreement, as it may from time to time be amended. It is the express intention of the Members that the Agreement shall be the sole
source of agreement of the parties and, except to the extent a provision of the Agreement expressly incorporates federal income
tax rules by reference to sections of the Code or Tax Regulations or is expressly prohibited or ineffective under the Act, the
Agreement shall govern, even when inconsistent with, or different than, the provisions of the Act or any other law or rule. To
the extent any provision of the Agreement is prohibited or ineffective under the Act, the Agreement shall be deemed to be amended
to the least extent necessary in order to make the Agreement effective under the Act. In the event the Act is subsequently amended
or interpreted in such a way to make any provision of the Agreement that was formerly invalid valid, such provision shall be considered
to be valid from the effective date of such interpretation or amendment.

 

2.3           Name.
The name of the Company is the name set forth at the beginning of this Agreement, and all business of the Company shall be conducted
under that name.

 

2.4           Term.
The term of the Company shall be perpetual unless the Company shall be sooner dissolved and its affairs wound up in accordance
with the Act or the Agreement.

 

2.5           Principal
Office. The Principal Office of the Company shall be located at [___________].

 

ARTICLE
III

PURPOSE;
NATURE OF BUSINESS

 

The general purposes
of the Company are as set forth in the Articles. The Company may exercise all powers reasonable or necessary to pursue such purposes.

 

ARTICLE
IV

ACCOUNTING
AND RECORDS

 

The Manager, at Company
expense, shall prepare, or cause to be prepared, and timely file income tax returns of the Company in all jurisdictions where such
filings are required, and the Company shall prepare and deliver to each Member, after the expiration of each Fiscal Year, and at
Company expense, all information returns and reports required by the Code and Tax Regulations and Company information necessary
for the preparation of the Members’ federal income tax returns within the time periods required by law including any permitted
extension.

 

    	8

    	 

    

 

ARTICLE
V

NAMES
AND ADDRESSES OF MEMBERS

 

The names and addresses
of the Members are as stated on Schedule A.

 

ARTICLE
VI

RIGHTS
AND DUTIES OF MEMBERS

 

6.1           Conflicts
of Interest.

 

(a)          A
Member shall be entitled to enter into transactions that may be considered to be competitive with the Company, it being expressly
understood that Members may enter into transactions that are similar to the transactions into which the Company may enter; provided,
however, that a Member must obtain the prior written consent of the Manager before entering into any such transactions.

 

(b)          Subject
to Section 6.1(a) above, no transaction with the Company shall be voidable solely because a Member has a direct or indirect interest
in the transaction if the transaction is fair and reasonable to the Company.

 

ARTICLE
VII

MANAGEMENT
OF THE COMPANY

 

7.1           Manager.
Except as otherwise provided in this Agreement, the management of the Company and all decisions concerning the business affairs
of the Company shall be made by the Manager in its sole and absolute discretion. The Manager may or may not be a Member of the
Company. The Manager has the right to delegate its responsibilities hereunder to suitable parties that may be reasonably compensated
by the Company and may also retain such other suitable parties to provide services to the Company, including, without limitation,
legal, consulting, accounting, administrative and auditing services. Furthermore, the Manager may enter into agreements with such
parties on behalf of the Company. The initial Manager shall be Atrinsic. The Manager may be removed only by an order of a court
of competent jurisdiction upon a finding of material fraud on the Company or its Members.

 

7.2           Designation
of Successor Manager. Atrinsic shall have the right to appoint its successor as Manager.

 

7.3           Appointment
of Officers. The Manager may at any time appoint one or more persons, including principals thereof or other Members, as officers
of the Company. The officers of the Company may include, without limitation, a chief executive officer (or co-chief executive officers,
if more than one), a president, one or more vice presidents, a chief operations officer, a chief financial officer or treasurer
(and one or more assistants). Except as otherwise provided, the officers will serve at the pleasure of the Manager. Any individual
may hold any number of offices. The general areas of responsibility and specific powers and duties of each officer will be as determined
by the Manager from time to time and otherwise such officers will have such duties and responsibilities as like-titled officers
of a Delaware corporation. The Manager may remove and replace such officers as it shall deem necessary or appropriate.

 

    	9

    	 

    

 

7.4           No
Fiduciary Obligations. Except as required under the Act, the Manager shall not have any fiduciary or other duty to the
other Members with respect to the business and affairs of the Company. To the extent that any such fiduciary or other duties are
imposed on the Manager under the Act, the Members hereby waive the same and agree that the Manager shall not have any liability
for breach of such duties, except to the extent such liability arises from a judgment or other final adjudication adverse to such
Manager that establishes that its acts or omissions were in bad faith or constituted intentional misconduct or knowing violation
of law, or that such Manager benefited from a financial profit that it was not legally entitled to. The Members hereby covenant,
as a material inducement to the Manager to serve as Manager, that the Members shall not commence or join or otherwise bring or
advance any claim against the Manager based upon any purported breach of fiduciary or other duty.

 

7.5           Indemnification.

 

(a)          The
Company shall indemnify each Indemnitee, as defined in Section 7.5(e), from and against any and all losses, claims, damages, liabilities
(joint or several), expenses (including, without limitation, attorneys fees and other legal fees and expenses), judgments, fines,
settlements, and other amounts arising from any and all claims, demands, actions, suits or proceedings (whether the same be civil,
criminal, administrative or investigative) that relate to the operations of the Company as set forth in this Agreement in which
such Indemnitee may be involved, or is threatened to be involved, as a party or otherwise, to the fullest extent permitted by the
Act if such Indemnitee acted in good faith and in a manner he, she or it reasonably believed to be in or not opposed to the best
interests of the Company and, with respect to any criminal action or proceeding, had no reasonable cause to believe his, her or
its conduct was unlawful. The termination of any claim, demand, action, suit or proceeding by judgment, order, settlement, conviction
or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the Indemnitee did not act
in good faith and in a manner which he, she or it reasonably believed to be in or not opposed to the best interests of the Company
and, with respect to any criminal action or proceeding, had reasonable cause to believe that his, her or its conduct was unlawful.

 

(b)          The
indemnification provided by this Section 7.5 shall be in addition to any other rights to which an Indemnitee, or any other Person,
as defined in Section 7.5(f), may be entitled under any agreement executed by the Members, as a matter of law or otherwise, and
shall continue as to an Indemnitee who has ceased to serve in such capacity unless otherwise provided in a written agreement pursuant
to which such Indemnitee is indemnified.

 

(c)          In
no event may an Indemnitee subject the Members to personal liability by reason of the indemnification provisions set forth in this
Agreement.

 

(d)          The
provisions of this Section 7.5 are for the benefit of the Indemnitees, their heirs, successors and assigns and shall not be deemed
to create any rights for the benefit of any other Persons. Any amendment, modification or repeal of this Section 7.5 or any provision
hereof shall be prospective only and shall not in any way affect the limitations on the Company’s liability to any Indemnitee
under this Section 7.5 as in effect immediately prior to such amendment, modification, or repeal with respect to claims arising
from or relating to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when
such claims may arise or be asserted.

 

    	10

    	 

    

 

(e)          As
used in this Section 7.5, the term “Indemnitee” or “Indemnitees” shall mean (i) any Person
made a party to a proceeding by reason of (A) his, her or its status as (x) a Member or (y) a Manager, employee or agent of the
Company, (B) his, her or its liability, pursuant to a loan, guarantee or otherwise, for any indebtedness of the Company or any
subsidiary of the Company (including, without limitation, any indebtedness that the Company or any subsidiary of the Company has
assumed or taken assets subject to) or (C) the fact that he, she or it is or at any time was serving at the request of the Company
as a director, manager, officer, employee or agent of another corporation, partnership, limited liability company, joint venture,
trust or other entity or enterprise, and (ii) such other Persons as the Managers may designate from time to time (whether before
or after the event giving rise to potential liability), in their sole and absolute discretion.

 

(f)          As
used in this Agreement, the term “Person” or “Persons” shall mean any individual, partnership,
limited partnership, trust, estate, association, corporation, limited liability company, or other legal entity or organization
whether domestic or foreign.

 

7.6           Reimbursements.
The Manager may cause the Company to reimburse itself or its respective affiliates for overhead and other expenses incurred in
connection with the Company’s business in amounts determined by the Manager in good faith.

 

7.7           Unanimous
Restriction on Authority of the Members and Manager. Except as otherwise provided in this Agreement, without the unanimous
written consent of the Members, neither a Member nor the Manager shall have the authority to:

 

(a)          Do
any act in contravention of this Agreement.

 

(b)          Do
any act other than liquidation of the Company which would make it impossible to carry on the ordinary business of the Company.

 

(c)          Possess
Company Property, or assign rights in specific Company Property, for other than a Company purpose.

 

(d)          Commingle
the Company’s funds with those of any other person or legal entity.

 

ARTICLE
VIII

CONTRIBUTIONS
AND CAPITAL ACCOUNTS

 

8.1           Capital
Contributions.

 

(a)          BE
Global has committed to make the initial Capital Contribution described on Schedule A, pursuant to that certain Contribution
Agreement dated as of the date hereof (the “Contribution Agreement”), and shall receive the Membership Interest
described on Schedule A.

 

    	11

    	 

    

 

(b)          Atrinsic
has committed to contribute up to an aggregate of $165,000 during the Company’s first two years of operation to finance the
anticipated working capital needs of the Company, pursuant to the terms and conditions of this Section 8.1 and as set forth in
that certain Membership Interest Purchase Agreement dated as of the date hereof (the “Membership Interest Purchase Agreement”)
and shall receive the Membership Interest described on Schedule A. Atrinsic shall make such Capital Contributions to the
Company when and in the amount reasonably determined in good faith by the Manager to be necessary to finance the working capital
needs of the Company; provided, that the Manager shall provide Atrinsic with thirty (30) days’ prior notice before
requesting such contribution.

 

(c)          In
consideration for each Member’s contributions set forth above, the Company shall issue to each Member such percentage of
the Membership Interests set forth opposite such Member’s name on Schedule A. No Member shall have the right to withdraw
or be repaid any Capital Contribution except as provided in the Agreement.

 

8.2           Additional
Capital Contributions. If the Manager determines in its sole discretion that additional capital calls from the Members is necessary
and in the best interests of the Company, the Manager may provide written notice to the Members setting forth (i) the aggregate
amount required, (ii) the purpose for which such additional funds are required, and (iii) each Member’s pro rata portion
of the aggregate amount required from all Members, which shall be calculated based on each Member’s Membership Interest.
Upon receipt of such written notice, each Member shall have fifteen (15) days to advise the Manager whether it will make such Additional
Capital Contribution. If a Member does not make the required additional Capital Contribution, any other Member shall be permitted
to make an additional Capital Contribution to the Company in the amount of such deficiency, and the non-contributing Member’s
Membership Interest shall be ratably diluted (based on the ratio of (A) the amount of the additional Capital Contribution the non-contributing
Member failed to make to (B) all Capital Contributions made by all Members). To the extent a Member makes an additional Capital
Contribution, the Manager shall update Schedule A attached hereto in order to reflect such additional Capital Contribution.
Alternatively, the Manager may admit Additional Members in accordance with the terms of this Agreement in order to raise such additional
capital.

 

8.3           Capital
Account. A separate Capital Account shall be maintained for each Member throughout the term of the Company in accordance with
the rules of Section 1.704-1(b)(2)(iv) of the Tax Regulations as in effect from time to time, and, to the extent not inconsistent
therewith, to which the following provisions apply:

 

(a)          To
each Member’s Capital Account there shall be credited (i) the amount of money contributed by such Member to the Company
(including liabilities of the Company assumed by such Member as provided in Section 1.704-1(b)(2)(iv)(c) of the Tax Regulations);
(ii) the fair market value of any property contributed to the Company by such Member (net of liabilities secured by such contributed
property that the Company is considered to assume or take subject to under Section 752 of the Code); and (iii) such Member’s
share of Profits and items of income and gain that are specially allocated.

 

    	12

    	 

    

 

(b)          To
each Member’s Capital Account there shall be debited (i) the amount of money distributed to such Member by the Company
(including liabilities of such Member assumed by the Company as provided in Section 1.704-1(b)(2)(iv)(c) of the Tax Regulations)
other than amounts which are in repayment of debt obligations of the Company to such Member; (ii) the fair market value of
property distributed to such Member (net of liabilities secured by such distributed property that such Member is considered to
assume or take subject to under Section 752 of the Code); and (iii) such Member’s share of Losses or items of loss or
deduction that are specifically allocated.

 

The foregoing provisions
and the other provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply with Section
1.704-1(b) of the Tax Regulations, and shall be interpreted and applied in a manner consistent with such Tax Regulations. In the
event the Manager shall determine that it is prudent to modify the manner in which the Capital Accounts, or any debits or credits
thereto (including, without limitation, debits or credits relating to liabilities that are secured by contributed or distributed
property or that are assumed by the Company or any Member), are computed in order to comply with such Tax Regulations, the Manager
may make such modification, provided that it is not likely to have a material effect on the amounts distributable to any Member
pursuant to Article XII hereof upon the dissolution of the Company. Notwithstanding the foregoing, the Manager shall increase or
decrease the Capital Accounts of the Members to reflect a revaluation of Company property on the Company’s books and records,
in accordance with the rules set forth in Treasury Regulations Section 1.704-1(b)(2)(iv)(e) and (f).

 

8.4           No
Obligation to Restore Deficit Balance. Except as required by law, no Member shall be required to restore any deficit balance
in its Capital Account.

 

8.5           Withdrawal;
Successors. A Member shall not be entitled to withdraw any part of its Capital Account or to receive any distribution from
the Company, except as specifically provided in the Agreement.

 

8.6           Interest.
No Member shall be entitled to interest on such Member’s Capital Contribution or on any Profits retained by the Company.

 

ARTICLE
IX

ALLOCATIONS
AND DISTRIBUTIONS

 

9.1           Distributions.

 

(a)          The
Company shall make distributions to the Members as decided by the Manager in its sole discretion.

 

(b)          Distributions,
to the extent made to the Members pursuant to this Section 9.1, shall be made as follows: (i) first, if any Members have made any
Additional Capital Contribution, to those Members, in proportion to their Additional Capital Contributions, until an amount equal
to the entire amount of such Additional Capital Contributions has been distributed; and (ii) second, to the Members pro rata in
accordance with their respective Membership Interests as set forth on Schedule A, subject to any terms agreed to by the
Manager on behalf of the Company when admitting Additional Members, if any, in accordance with the terms of Section 10.1 of this
Agreement.

 

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9.2           Tax
Allocation of Profits and Losses.

 

(a)          Profits.
After giving effect to the special allocations set forth in Section 9.3 below, Profits of the Company for each fiscal year or other
period (including Profits arising in connection with a liquidation of the Company) shall be allocated to and among the Members
in accordance with Section 9.1 above.

 

(b)          Losses.
After giving effect to the special allocations set forth in Section 9.3 below, the Losses of the Company for each fiscal year or
other period (including Losses arising in connection with the liquidation of the Company) shall be allocated to and among the Members
as follows: (i) first, to and among the Members with positive Capital Account balances, in proportion to, and to the extent of,
such positive balances; and (ii) second, the balance, if any, to and among the Members pro rata in accordance with their respective
Membership Interests as set forth on Schedule A.

 

9.3           Special
Allocations. Notwithstanding the provisions of Section 9.2 above, the following special allocations will be made in the following
order and priority:

 

(a)          Company
Minimum Gain Chargeback. Except as otherwise provided in Treas. Regs. § 1.704-2(f), notwithstanding any other provision
of this Article IV, if there is a net decrease in Company Minimum Gain during any fiscal year, each Member shall be specially allocated
items of Company income and gain for such fiscal year (and, if necessary, subsequent years) in an amount equal to such Member’s
share of the net decrease in Company Minimum Gain, determined in accordance with Treas. Regs. § 1.704-2(f)(6) and 1.704-2(j)(2),
or any successor provision. This Section 9.3(a) is intended to comply with the minimum gain chargeback requirement in Treas. Regs.
§ 1.704-2(f) and shall be interpreted consistently therewith.

 

(b)          Chargeback
of Minimum Gain Attributable to a Member Nonrecourse Debt. Except as otherwise provided in Treas. Regs. § 1.704-2(i)(4),
notwithstanding any other provision of this Article IX, if there is a net decrease in Minimum Gain attributable to a Member Nonrecourse
Debt during any Company fiscal year, each Member who has a share of Minimum Gain attributable to a Member Nonrecourse Debt, determined
in accordance with Treas. Regs. § 1.704-2(i)(5), shall be specially allocated items of Company income and gain for such fiscal
year (and, if necessary, subsequent fiscal years) in an amount equal to such Member’s share of the net decrease in Minimum
Gain attributable to a Member Nonrecourse Debt, determined in accordance with Treas. Regs. § 1.704-2(i)(4) and 1.704-2(j)(2)(ii),
or any successor provisions. This Section 9.3(b) is intended to comply with the minimum gain chargeback requirement in Treas. Regs.
§ 1.704-2(i)(4) and shall be interpreted consistently therewith.

 

(c)          Qualified
Income Offset. In the event any Member unexpectedly receives any adjustments, allocations, or distributions described in Treas.
Regs. § 1.704-1(b)(2)(ii)(d)(4), (5) or (6), items of Company income and gain shall be specially allocated to such Member
in an amount and manner sufficient to eliminate, to the extent required by the Treasury Regulations promulgated under Code Section
704(b), the Adjusted Capital Account Deficit created by such adjustments, allocations, or distributions, as quickly as possible
unless such deficit balance is otherwise eliminated pursuant to Sections 9.3(a) or 9.3(b) hereof.

 

    	14

    	 

    

 

(d)          Gross
Income Allocations. In the event any Member has an Adjusted Capital Account Deficit balance at the end of any Company taxable
period, such Member shall be specially allocated items of Company gross income and gain in the amount of such deficit as quickly
as possible; provided, that an allocation pursuant to this Section 9.3(d) shall be made only if and to the extent that such Member
would have an Adjusted Capital Account Deficit after all other allocations provided for in this Section 9.3 have been tentatively
made as if this Section 9.3(d) were not in this Agreement.

 

(e)          Nonrecourse
Deductions and Nonrecourse Liabilities. Nonrecourse Deductions and “excess nonrecourse liabilities,” as such term
is defined within the meaning of Treas. Regs. § 1.752-3(a)(3) for any taxable period shall be allocated to and among the Members
in accordance with their Membership Interests.

 

(f)          Member
Nonrecourse Deductions. Member Nonrecourse Deductions for any taxable period shall be allocated to the Member that bears the
Economic Risk of Loss with respect to the Member Nonrecourse Debt to which such Member Nonrecourse Deductions are attributable
in accordance with Treas. Regs. § 1.704-2(i). If more than one Member bears the Economic Risk of Loss with respect to a Member
Nonrecourse Debt, such Member Nonrecourse Deductions attributable thereto shall be allocated between or among such Members in accordance
with the ratios in which they share such Economic Risk of Loss.

 

(g)          Section
754 Adjustments. To the extent an adjustment to the adjusted tax basis of any Company asset pursuant to Sections 732, 734 or
743 of the Code is required, pursuant to Treas. Regs. § 1.704-1(b)(2)(iv)(m), to be taken into account in determining Capital
Accounts, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases
the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to
the Members in a manner consistent with the manner in which their Capital Accounts are required to be adjusted pursuant to such
Section of the Regulations.

 

9.4           Curative
Allocations. The allocations set forth in Sections 9.3(a)-(g) (the “Regulatory Allocations”)
are intended to comply with certain requirements of the Regulations. It is the intent of the Members that, to the extent possible,
all Regulatory Allocations shall be offset either with other Regulatory Allocations or with special allocations of other items
of Company income, gain, loss or deduction pursuant to Section 9.3. Therefore, notwithstanding any other provision of this Article
IX (other than the Regulatory Allocations), the Manager shall make such offsetting special allocations of Company income, gain,
loss or deduction in whatever manner it determines appropriate so that, after such offsetting allocations are made, each Member’s
Capital Account balance is, to the extent possible, equal to the Capital Account balance such Member would have had if the Regulatory
Allocations were not part of the Agreement and all Company items were allocated pursuant to Sections 9.1 and 9.2. In exercising
its discretion under this Section 9.4, the Manager shall take into account future Regulatory Allocations under Sections 9.3(a)
and 9.3(b) that, although not yet made, are likely to offset other Regulatory Allocations previously made under Sections 9.3(e)
and 9.3(f) hereof.

 

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9.5           Tax
Allocations; Section 704(c) Allocations. In accordance with Section 704(c) of the Code and the Regulations thereunder, income,
gain, loss and deduction with respect to any property contributed to the capital of the Company shall, solely for tax purposes,
be allocated among the Members so as to take account of any variation between the adjusted basis of such property to the Company
for federal income tax purposes and its initial Gross Asset Value (computed in accordance with Treas. Regs. § 1.704 1(b)(2)(iv)(h)).

 

In the event the Gross
Asset Value of any Company asset is adjusted pursuant to Treas. Regs. § 1.704 1(b)(2)(iv)(f), subsequent allocations of income,
gain, loss and deduction with respect to such asset shall take account of any variation between the adjusted basis of such asset
for federal income tax purposes and its Gross Asset Value, as adjusted, in the same manner as under Section 704(c) of the Code
and the Treasury Regulations thereunder.

 

Any elections or other
decisions relating to such allocations shall be made by the Manager in any manner that reasonably reflects the purpose and intention
of this Agreement. Allocations pursuant to this Section 9.5 are solely for purposes of federal, state and local taxes and shall
not affect, or in any way be taken into account in computing, any Member’s Capital Account or share of Profits, Losses, other
items or distributions pursuant to any provision of this Agreement.

 

9.6           Transfer
of Membership Interests. Upon the transfer of a Membership Interest, Profit, Loss, Income, and Tax Items attributable to the
transferred Membership Interest, shall, for federal income tax purposes, be allocated to the owners of such Membership Interest
on the basis of the Tax Items for each month that such Person was the owner of such Membership Interest, determined on an interim
closing of the books method. The Manager may revise, alter, or otherwise modify the method of allocation as it determines necessary
to comply with Section 706 of the Code and regulations or rulings promulgated thereunder.

 

9.7           Tax
Matters Partner. The Member designated as such on Schedule A shall be the Tax Matters Partner of the Company pursuant
to Section 6231(a)(7) of the Code. Such Member shall not resign as the Tax Matters Partner unless, on the effective date of such
resignation, the Company has designated another Member as Tax Matters Partner and such Member has given its consent in writing
to its appointment as Tax Matters Partner. The Tax Matters Partner shall receive no additional compensation from the Company for
its services in that capacity, but all expenses incurred by the Tax Matters Partner in such capacity shall be borne by the Company.
The Tax Matters Partner is authorized to employ such accountants, attorneys and agents as it, in its sole discretion, determines
is necessary to or useful in the performance of its duties. In addition, such Member shall serve in a similar capacity with respect
to any similar tax related or other election provided by state or local laws.

 

ARTICLE
X

ADMISSION
AND WITHDRAWAL OF MEMBERS

 

10.1         Additional
Members. The Manager may admit Additional Members to the Company, and may determine the Capital Contributions (if any) and
Membership Interests of such Additional Members and the priority and amount of distributions payable to such Additional Members
as are determined by the Manager. Upon the execution of this Agreement by any such Additional Member, the Manager shall revise
Schedule A to reflect the Membership Interest allocated to such Additional Member and the new Membership Interests to be
allocated to the existing Members. The Members shall not be required to apportion Membership Interests in accordance with Capital
Contributions.

 

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10.2         Withdrawals.

 

(a)          No
Member shall have the right to withdraw from the Company without the prior written consent of the Manager, which may, in its sole
discretion, be granted on such terms as the Manager determines or be withheld. Except as otherwise set forth in this Section 10.2,
a withdrawing Member shall receive cash and/or Company Property as may be determined in the sole discretion of the Manager.

 

(b)          Withdrawal
Procedures.

 

(i)          Any
Member seeking to withdraw from the Company shall provide to the Manager a notice of such intent at least sixty (60) days prior
to such Member’s desired withdrawal date. Any such withdrawal request must be for a complete withdrawal from the Company.

 

(ii)         The
Manager shall consider such withdrawal request, and shall promptly advise the Member requesting such withdrawal of its decision.

 

(iii)        If
a withdrawal request is granted by the Manager, such withdrawal shall be deemed to occur on the date agreed upon by the Manager
and the Member requesting such withdrawal (the “Withdrawal Date”).

 

(iv)        The
amount to be paid to the withdrawing Member shall be such Member’s Capital Account balance as of the Withdrawal Date, and
the Manager shall provisionally adjust the Members’ Capital Accounts as of the Withdrawal Date as if such date were the last
day of a fiscal period.

 

(v)         The
Company shall pay to such withdrawing Member 90% of the amount described in Section 10.2(b)(iv) above within ninety (90) days following
the Withdrawal Date, with the remaining 10% to be paid within thirty (30) days following completion of the Company’s audit
for the calendar year in which such withdrawal occurred, subject to any necessary adjustment to such Capital Account balance required
as a result of such audit. Each of the Members hereby covenants to return to the Company, within ninety (90) days of notice of
such obligation, any amounts paid to such Member in conjunction with a withdrawal that exceeds the amount that an audit determines
should have been paid in connection therewith.

 

(c)          Annual
Company Valuation; Death of a Member.

 

(i)          During
each Fiscal Year, in order to determine the value of the Company (“Company Value”), the Company, at its own
expense, shall retain an independent appraiser (the “First Appraiser”), which appraiser shall be mutually acceptable
to each of the Members. The First Appraiser shall then perform an appraisal of the Company Value (the “First Appraised
Company Value”).

 

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(ii)         In
the event any Member does not agree with the First Appraised Company Value, then such Member may, at his own expense, retain another
independent appraiser (the “Second Appraiser”). The Second Appraiser shall then perform an appraisal of the
Company Value (the “Second Appraised Company Value”). If the Second Appraised Company Value is no more than
20% higher or lower than the First Appraised Company Value, then the two Company Values shall be averaged to arrive at a final
Company Value (the “Final Company Value”). If the Second Appraised Company Value is more than 20% higher or
lower than the First Appraised Company Value, then a third appraiser (the “Third Appraiser”) shall be retained,
at the expense of the Company. The Third Appraiser shall then perform an appraisal of the Company Value (the “Third Appraised
Company Value”). The closest two of the First Appraised Company Value, Second Appraised Company Value and Third Appraised
Company Value shall then be averaged to arrive at the Final Company Value.

 

(iii)        The
death of any other Member or the principal of a Member that is not a natural person shall be deemed to be a withdrawal of such
as of the date of death, and the procedures of Section 10.2(b) shall be followed in respect thereof.

 

(d)          Disability
of a Member. The disability of a Member or the principal of a Member that is not a natural person shall not affect such Member’s
membership in the Company until the five-year anniversary of such Member’s disability, which shall be deemed to be a Withdrawal
Date for the purposes of this Section 10.2 and the procedures of Section 10.2(b) shall be followed in respect thereof; provided,
however, the five-year anniversary shall be deemed a Withdrawal Date only if such Member’s disability is continuing
on such date.

 

ARTICLE
XI

TRANSFER
OF MEMBERSHIP INTEREST

 

11.1         Transfers.

 

(a)          General
Restrictions. No Membership Interest has been registered under the Securities Act of 1933, as amended (the “Securities
Act”), or under any applicable state securities laws. A Member may not transfer (a “Transfer”, for
purposes of this Agreement, shall be deemed to include, but not be limited to, any sale, transfer, assignment, pledge, creation
of a security interest or other disposition) all or any part of such Member’s Membership Interest, unless:

 

(i)          such
Member first obtains the prior written consent to such Transfer from the Manager, provided that such Member complies with the right
of first refusal provisions contained herein;

 

(ii)         the
individual, firm, corporation, partnership, trust or other entity in whose favor such Transfer is made delivers to the Company
a written acknowledgment that the Membership Interest to be Transferred is subject to this Agreement and that such transferee is
bound hereby;

 

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(iii)        such
Transfer shall be made (a) pursuant to an effective registration under the Securities Act or an exemption from the registration
requirements thereof and (b) in accordance with applicable state law and the terms of this Agreement; and

 

(iv)        prior
to any such Transfer, the Member proposing to make such Transfer shall give the Company (a) written notice describing the manner
and circumstances of the proposed Transfer and (b) if reasonably requested by the Company, a written opinion in form and substance
reasonably satisfactory to the Company of legal counsel reasonably satisfactory to the Company to the effect that the proposed
Transfer may be effected without registration under the Securities Act or any applicable state law.

 

Any attempted Transfer other than in accordance
with this Agreement shall be void, and the Company shall refuse to recognize any such Transfer and shall not reflect on its records
any change in record ownership of the Membership Interests pursuant to any such Transfer.

 

(b)          Mechanics
of Transfer. Any Member that Transfers Membership Interests shall (i) take all such actions and execute and deliver all
such documents as may be necessary or reasonably requested by the Company in order to consummate the Transfer of such Membership
Interests and (ii) pay to the Company such amounts as may be required for any applicable transfer taxes.

 

(c)          Pledge
and Hypothecation Prohibited. No Member shall in any manner pledge, hypothecate or encumber, or grant options with respect
to, his, her or its Membership Interests without the prior written consent of the Manager.

 

(d)          Dispositions
Not in Compliance with this Article Void. Any attempted disposition of a Membership Interest, or any part thereof, not in compliance
with this Article XI and any transfer which if made would cause a termination of the Company for federal income tax purposes under
Section 708(b) of the Code shall be void ab initio and without force or effect and shall not bind the Company or the other
Members.

 

11.2         Right
of First Refusal.

 

(a)          In
the event any Member other than Atrinsic (a “Transferring Member”) wishes to Transfer any interest in the Company,
either directly or indirectly, to any Person (such Person being hereinafter referred to as a “Third Party”),
such Transferring Member must obtain the prior written consent of the Manager and comply with the following provisions of this
Section 11.2 and Section 11.3.

 

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(b)          If
a Transferring Member receives an offer from a Third Party to purchase any or all of its interests in the Company, such Transferring
Member shall deliver to the other Members written notice of the proposed transaction setting forth (i) the name and address of
the Third Party, (ii) the interests to be Transferred, (iii) the purchase price (the “Offer Price”) and form
of consideration and terms and conditions of payment and (iv) the other material terms and conditions of the Transfer (collectively,
the “Third Party Terms”), and such notice shall be accompanied by a copy of a binding bona fide offer to purchase
such interests signed by such Third Party (collectively, the “First Refusal Notice”). The First Refusal Notice
shall be delivered to the other Members at least forty (40) days prior to the expected date of such Transfer. The offer contained
in the First Refusal Notice shall be deemed an offer by such Transferring Member to the other Members to sell such Transferring
Member’s interests in the Company proposed to be purchased by such Third Party for the Offer Price, which offer may be accepted
in writing (which shall state the interests elected to be purchased) by the other Members or any of them (pro rata based upon their
Membership Interests or in such other proportion as the accepting Members (each, a “Participating Member”) may
determine), in whole or in part, within fifteen (15) days after the receipt of the First Refusal Notice (the “Right of
First Refusal Period”), on the Third Party Terms.

 

(c)          To
the extent one or more of the other Members do not timely, or elect not to, accept the offer set forth in the First Refusal Notice,
then the Transferring Member shall promptly deliver to each Participating Member a written notice (the “Overallotment
Notice”), at least ten (10) days prior to the expected date of such Transfer, which shall set forth the names of the
Participating Members and the interests not elected to be purchased in accordance with Section 11.2(b) (the “Unsubscribed
Interests”), and shall offer such Participating Members the right to purchase the Unsubscribed Interests on the same
terms and conditions as set forth in the First Refusal Notice. The offer contained in the Overallotment Notice shall be deemed
an offer by such Transferring Member of the Unsubscribed Interests to the Participating Members, which offer may be accepted in
writing (which shall state the Unsubscribed Interests elected to be purchased) by the Participating Members or any of them (pro
rata based upon their Membership Interests or in such other proportion as the accepting Participating Members may determine), in
whole or in part, within five (5) days after the receipt of such Overallotment Notice, on the Third Party Terms.

 

(d)          In
the event that the Third Party Terms provide for the payment to the Transferring Member of consideration other than cash, the value
of such non-cash consideration shall be determined in good faith by the Manager; provided, however, that if the Third
Party offers the Transferring Member (i) securities that are traded on a recognized securities exchange, then the value of such
consideration shall be computed based on the average closing sale prices of such securities for the ten (10) consecutive trading
days preceding the date of the offer, or (ii) securities that are traded on the over-the-counter market, the value of such consideration
shall be computed based on the average of the closing bid and closing asked prices of such securities for the ten (10) consecutive
trading days preceding the date of the offer, in each case as reported in the Wall Street Journal. Any dispute regarding
the determination of the fair market value of non-cash consideration will be settled by a reasonable process determined by the
Manager.

 

(e)          The
closing of the purchase of the interests by the Participating Members on the Third Party Terms shall be held as promptly as practicable
following full compliance with all applicable provisions in this Section 11.2, but in no event later than five (5) days thereafter.
In the event that the Third Party Terms provide for the payment of consideration other than cash, each Participating Member shall
pay cash for the interests to be purchased by it as determined in accordance with Section 11.2(d). If, however, the Transferring
Member has complied in all respects with the provisions of this Section 11.2 and the Participating Members do not elect to purchase
all of the interests pursuant to the Third Party Terms, the Transferring Member shall not be required to Transfer any such interests
to the Participating Members.

 

    	20

    	 

    

 

11.3         Tag-Along
Right.

 

(a)          In
the event that one or more of the Members do not timely, or elect not to, accept, in whole, the offer contained in the First Refusal
Notice pursuant to the terms of Section 11.2 hereof, each Member (each, a “Selling Participant” and, collectively,
the “Selling Participants”) shall then have the right to require the Third Party to purchase from such Selling
Participant that percentage of its interests in the Company (and the Transferring Member shall reduce the percentage of its interests
to be sold by a corresponding amount) that is equal to the product of (i) such Selling Participant’s Membership Interest,
and (ii) the total Membership Interest in the Company to be purchased by the Third Party.

 

(b)          Any
interest in the Company purchased from a Selling Participant pursuant to this Section 11.3 shall be purchased at the same price
and same type of consideration and on the same terms and conditions as the Transfer by the Transferring Member. It shall be an
express condition to the sale of the interests by each Selling Participant that such Selling Participant execute and deliver to
the Third Party any and all documents required to be executed and delivered by the Transferring Member to effect such sale; provided
that such Selling Participant shall not be obligated to execute and deliver any document which (i) requires such Selling Participant
to make representations or warranties regarding any aspect whatsoever of the business or prospects of the Company (except that
the Selling Participants shall be required to make representations and warranties with respect to their ownership of the interests
to be sold by them and their ability to convey title thereto free and clear of liens, encumbrances or adverse claims), or (ii)
requires such Selling Participant to be obligated to the Third Party for any indemnification obligations other than (A) an obligation
to join on a pro rata basis (but not on a joint and several basis), based on its respective share of the aggregate proceeds paid
by such Third Party (but only up to the amount of net proceeds actually received by such Selling Participant), in any indemnification
that the Transferring Member has agreed to and (B) indemnification with respect to representations and warranties given by such
Selling Participant regarding such Selling Participant’s ownership of the interests to be sold by it and its ability to convey
title thereto free and clear of liens, encumbrances or adverse claims.

 

(c)          Upon
expiration of the Right of First Refusal Period, the Transferring Member shall notify the Members (other than the Participating
Members, if any) in writing of the proposed Transfer (the “Transferor Tag-Along Notice”). The Transferor Tag-Along
Notice shall set forth the Third Party Terms, including any reduction in the Membership Interest proposed to be Transferred by
the Transferring Member to a Third-Party due to one or more Participating Member’s exercise of its rights pursuant to Section
11.2.

 

(d)          The
tag-along right provided for in this Section 11.3 may be exercised by any Selling Participant by delivery of a written notice to
the Company, the Transferring Member and the Third Party (the “Tag-Along Notice”) within five (5) days following
receipt of the Transferor Tag-Along Notice (the “Tag-Along Period”). The Tag-Along Notice shall state the maximum
Membership Interests that a Selling Participant wishes to include in such Transfer to the Third Party. The failure of a Member
to deliver a Tag-Along Notice meeting the requirements of this Section 11.3(d) within the Tag-Along Period shall constitute a waiver
of such Member’s tag-along rights with respect to such proposed Transfer.

 

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(e)          Upon
the giving of its Tag-Along Notice, a Selling Participant shall be obligated to sell to the Third Party the Membership Interests
set forth in its Tag-Along Notice on the Third Party Terms (or, if a Selling Participant is not entitled to sell such Membership
Interest under the terms of this Section 11.3, such Selling Participant shall be obligated to sell the maximum Membership Interest
such Selling Participant is permitted to sell hereunder on the Third Party Terms); provided, however, that neither
the Transferring Member nor any Selling Participant shall consummate the sale of any interests unless the Third Party purchases,
on the Third Party Terms, all of interests contained in the Tag-Along Notices that the Selling Participants are entitled to sell
under the terms of this Section 11.3. If the Third Party does not purchase the interests entitled to be sold by any Selling Participant
that has complied with the terms of this Section 11.3, then any Transfer by the Transferring Member and any other Selling Participants
to such Third Party shall be null and void and of no effect whatsoever.

 

(f)          After
expiration of the Tag-Along Period, if any, if the provisions of Section 11.2 and this Section 11.3 have been complied with in
all respects and no Tag-Along Notice has been given, a Transferring Member shall have the right for six (6) months to Transfer
its interests to the Third Party on the Third Party Terms without further notice to the Company or the Members, but after such
six (6) months no such Transfer may be made without again complying with all of the requirements of Section 11.2 and this Section
11.3. If the terms of such proposed Transfer are materially different from the Third Party Terms, the Transferring Member shall
deliver to the Company a revised First Refusal Notice, and shall again comply with all of the requirements of Section 11.2 and,
to the extent required, this Section 11.3.

 

11.4         Drag-Along
Right.

 

(a)          In
the event a bona fide written offer (an “Acquisition Offer”) is made to (i) purchase, in a single transaction
or a series of related arms’ length transactions, (A) all of the outstanding interests in the Company (an “Interests
Sale”) or (B) all or substantially all of the assets of the Company (an “Asset Sale”) or (ii) acquire
the Company through a merger, consolidation or similar business combination (a “Merger” and, together with an
Interests Sale and an Asset Sale, a “Sale Transaction”) and the Manager wishes to accept such Acquisition Offer,
then, if requested to do so by the Manager, (A) in the case of an Interests Sale, each Member shall sell all of its interests in
the Company in such transaction, at the price, for the type of consideration and on the other terms and conditions set forth in
the Acquisition Offer, and (B) in the case of an Asset Sale or a Merger, each Member shall vote, either at a meeting called for
such purpose or by written consent, in favor of such transaction, and shall waive any dissenters rights, appraisal rights or similar
rights in connection therewith.

 

(b)          To
exercise the drag-along rights set forth in this Section 11.4, the Manager shall give all Members written notice (the “Drag-Along
Notice”) of the Acquisition Offer at least twenty (20) days prior to the date on which such transaction is expected to
be consummated. The Drag-Along Notice shall set forth: (i) the name and address of the proposed acquiror, (ii) the proposed amount
and form of consideration and terms and conditions of payment and (iii) the other material terms and conditions of the Acquisition
Offer, and shall include a copy of the Acquisition Offer.

 

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(c)          From
and after the giving of a Drag-Along Notice, (i) in the case of an Interests Sale, each Member shall have the obligation to sell
its interests, free and clear of any liens, encumbrances or adverse claims, in the Sale Transaction in accordance with the instructions
set forth in the Drag-Along Notice and (ii) each Member shall vote for, consent to and raise no objections to any Sale Transaction
and shall take such other necessary or desirable actions in connection with the consummation of such Sale Transaction as reasonably
requested by the Manager, including executing and delivering such documents as the Manager may reasonably request, and shall not
bring any claim against the Company, its Affiliates or any of the Company’s or its Affiliates’ respective officers,
directors, members, partners, stockholders, employees, agents, advisors or representatives or contest or seek to enjoin the Sale
Transaction, or seek appraisal, dissenters or other similar rights with respect thereto; provided, however, that
a Member shall not be obligated to execute and deliver any document which (A) requires such Member to make representations or warranties
regarding any aspect whatsoever of the business or prospects of the Company (provided that the Members shall be required to make
representations and warranties with respect to their ownership of their interests and their ability to convey title thereto free
and clear of liens, encumbrances or adverse claims), or (B) requires such Member to be obligated for any indemnification obligations
other than (1) an obligation to join on a pro rata basis (but not on a joint and several basis), based on its respective share
of the aggregate proceeds paid by the acquiror in such Sale Transaction (but only up to the amount of net proceeds actually received
by such Member in the Sale Transaction), in any indemnification as reasonably requested by the Manager and (2) indemnification
with respect to representations and warranties given by such Member regarding its ownership of interests and its ability to convey
title thereto free and clear of liens, encumbrances or adverse claims.

 

ARTICLE
XII

DISSOLUTION
AND WINDING UP

 

12.1         Dissolution.
The Company shall be dissolved and its affairs wound up, upon the determination of the Members holding all of the Membership Interests.

 

12.2         Effect
of Dissolution. Upon dissolution, the Company shall not be terminated and shall continue until the winding up of the affairs
of the Company is completed and a certificate of dissolution has been issued by the Secretary of State of Delaware.

 

12.3         Distribution
of Assets on Dissolution. Upon the winding up of the Company, the Manager (or, if there is no Manager then remaining, such
other Person(s) designated by the Members representing at least a majority of the Members’ Membership Interests) shall take
full account of the assets and liabilities of the Company, shall liquidate the assets (unless the Manager determines that a distribution
of any Company Property in-kind would be more advantageous to the Members than the sale thereof) as promptly as is consistent with
obtaining the fair value thereof, and shall apply and distribute the proceeds therefrom in the following order:

 

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(a)          first,
to the payment of the debts and liabilities of the Company to creditors, including Members who are creditors, to the extent permitted
by law, in satisfaction of such debts and liabilities, and to the payment of necessary expenses of liquidation;

 

(b)          second,
to the setting up of any reserves which the Manager may deem necessary or appropriate for any anticipated obligations or contingencies
of the Company arising out of or in connection with the operation or business of the Company. Such reserves may be paid over by
the Manager to an escrow agent or trustee selected by the Manager to be disbursed by such escrow agent or trustee in payment of
any of the aforementioned obligations or contingencies and, if any balance remains at the expiration of such period as the Manager
shall deem advisable, shall be distributed by such escrow agent or trustee in the manner hereinafter provided;

 

(c)          then,
to the Members in accordance with their respective Membership Interests, as set forth on Schedule A.

 

If at the time of liquidation
the Manager shall determine that an immediate sale of some or all Company Property would cause undue loss to the Members, the Manager
may, in order to avoid such loss, defer liquidation.

 

12.4         Winding
Up and Filing Articles of Dissolution. Upon the commencement of the winding up of the Company, articles of dissolution shall
be delivered by the Company to the Secretary of State of Delaware for filing. The articles of dissolution shall set forth the information
required by the Act. The winding up of the Company shall be completed when all debts, liabilities, and obligations of the Company
have been paid and discharged or reasonably adequate provision therefore has been made, and all of the remaining Property of the
Company has been distributed to the Members.

 

ARTICLE
XIII

MISCELLANEOUS

 

13.1         Notices.
Notices to the Company shall be sent to the Principal Office of the Company. Notices to the Members shall be sent to their addresses
set forth on Schedule A. Any Member may require notices to be sent to a different address by giving notice to the other
Members in accordance with this Section. Any notice or other communication required or permitted hereunder shall be in writing,
and shall be deemed to have been given with receipt confirmed if and when delivered personally, given by prepaid telegram or mailed
first class, postage prepaid, delivered by courier, or sent by facsimile, to such Members at such address.

 

13.2         Entire
Agreement. This Agreement together with the schedules and appendices attached hereto constitutes the entire agreement between
the parties and supersedes any prior agreement or understanding between them respecting the subject matter of this Agreement.

 

13.3         Saving
Clause. If any provision of this Agreement, or the application of such provision to any Person or circumstance, shall be held
invalid, the remainder of this Agreement, or the application of such provision to Persons or circumstances other than those as
to which it is held invalid, shall not be affected thereby.

 

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13.4         Counterparts.
The Agreement may be executed in several counterparts, and all so executed shall constitute one agreement, binding on all the parties
hereto.

 

13.5         Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.

 

13.6         No
Rights of Creditors and Third Parties under Agreement. The Agreement is entered into among the Company and the Members for
the exclusive benefit of the Company, its Members, the Manager, and their successors and assignees. The Agreement is expressly
not intended for the benefit of any creditor of the Company, the Manager or any other Person. Except and only to the extent provided
by applicable statute, no such creditor or any third party shall have any rights under the Agreement or any agreement between the
Company, any Member and/or the Manager with respect to any Capital Contribution or otherwise.

 

13.7         Counsel.
[Olshan represented only Atrinsic in connection with this Agreement. Barry E. Eisenberg acknowledges that he was advised to be
represented by counsel in the preparation of this Agreement or was represented by [______] in connection with this Agreement. All
Members consent to any future representation by Olshan of the Company in its business dealings and in connection with this Agreement
or any disputes arising hereunder]. None of the Members is to be considered to be the drafter of this Agreement or any provision
hereof for the purpose of any statute, case law, or rule of interpretation or construction that would or might cause any provision
to be construed against the drafter. This Agreement was drafted with substantial input by all parties and their counsel, and no
reliance was placed on any representation other than those contained in this Agreement.

 

13.8         Amendment.
This Agreement may be amended by the Manager with the vote or written consent of Members holding at least a majority of the outstanding
Membership Interests in the Company; provided, no such amendment may reduce the Membership Interest of any Member disproportionately
to that of other Members without such Member’s vote or written consent. The Manager may also amend this Agreement without
the consent of the Members to the extent required by a lender to the Company to incorporate separateness covenants, bankruptcy
remote provisions or other similar provisions.

 

13.9         Choice
of Law. Notwithstanding the place where this Agreement may be executed by any of the parties hereto, the parties expressly
agree that all of the terms and provisions hereof shall be construed under the laws of the State of Delaware without regard to
conflict of law principles.

 

13.10         Waiver
of Jury Trial. EACH OF THE PARTIES HERETO HEREBY VOLUNTARILY AND IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR OTHER PROCEEDING
BROUGHT IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY.

 

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IN WITNESS WHEREOF,
the parties hereto have hereunto set their hands and seals as of the date first above written.

 

	 	MEMBERS:
	 	 
	 	BE GLOBAL LLC
	 	 	 	 
	 	By:	/s/ Barry M. Eisenberg
	 	 	Name:	Barry M. Eisenberg
	 	 	Title:	Sole Member and Manager
	 	 	 	 
	 	ATRINSIC, INC.
	 	 	 	 
	 	By:	/s/ Sebastian Giordano
	 	 	Name:	Sebastian Giordano
	 	 	Title:	Interim Chief Restructuring Officer

 

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SCHEDULE A – MEMBERS

 

	Name and Address 
of Member	 	Initial 
Capital Contribution	 	Membership Interest
	 	 	 	 	 
	BE Global LLC 
[__________]	 	Intellectual Property 
(as defined in the Contribution Agreement)	 	49.0%
	 	 	 	 	 
	Atrinsic, Inc.[*] 
[________]	 	See Section 8.1(b) of this Agreement	 	51.0%

 

 

* Tax Matters Partner

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00232-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00232-of-00352.parquet"}]]