<SUBMISSION>
<ACCESSION-NUMBER>0001553350-15-000334
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20150331
<ITEMS>1.01
<ITEMS>9.01
<FILING-DATE>20150406
<DATE-OF-FILING-DATE-CHANGE>20150406
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>As Seen On TV, Inc.
<CIK>0001432967
<ASSIGNED-SIC>5900
<IRS-NUMBER>800149096
<STATE-OF-INCORPORATION>FL
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-53539
<FILM-NUMBER>15753376
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>14044 ICOT BLVD.
<CITY>CLEARWATER
<STATE>FL
<ZIP>33760
<PHONE>727-288-2738
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>14044 ICOT BLVD.
<CITY>CLEARWATER
<STATE>FL
<ZIP>33760
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>H & H Imports, Inc.
<DATE-CHANGED>20080421
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>astv_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Current Report</TITLE>
<META NAME="author" CONTENT="WMB">
<META NAME="date" CONTENT="11/24/2014">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<A NAME="Verdatum"></A><P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:4px solid #000000" align=right>&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:1.333px solid #000000" align=right>&nbsp;</P>
<P style="margin:0px" align=center><B>UNITED STATES</B></P>
<P style="margin:0px" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>WASHINGTON, DC 20549</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:14pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><B>Date of Report (Date of earliest event reported): &nbsp;&nbsp;</B><FONT style="font-family:CG Times,Times New Roman"><B>April 6, 2015 (March 31, 2015)</B></FONT></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=194.467 /><TD width=20.2 /><TD width=194.467 /><TD width=20.2 /><TD width=194.667 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=624 colspan=5><P style="margin:0px; font-size:16pt" align=center><B>AS SEEN ON TV, INC.</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=624 colspan=5><P style="margin:0px" align=center><I>(Exact name of registrant as specified in its charter)</I></P>
<P style="margin:0px" align=center><I>&nbsp;</I></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=194.467><P style="margin:0px; font-size:11pt" align=center><B>Florida</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=20.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=194.467><P style="margin:0px; font-size:11pt" align=center><B>000-53539</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=20.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=194.667><P style="margin:0px; font-size:11pt" align=center><B>80-0149096</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=194.467><P style="margin:0px; font-size:9pt" align=center><I>(State or other jurisdiction <BR>
of incorporation)</I></P>
</TD><TD style="margin-top:0px" valign=bottom width=20.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=194.467><P style="margin:0px; font-size:9pt" align=center><I>(Commission File Number)</I></P>
</TD><TD style="margin-top:0px" valign=bottom width=20.2><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=194.667><P style="margin:0px; font-size:9pt" align=center><I>(IRS Employer Identification No.)</I></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=194.467><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=20.2><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=194.467><P style="margin:0px; font-size:12pt">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=20.2><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=194.667><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=624 colspan=5><P style="margin:0px" align=center><B>14044 Icot Boulevard<BR>
Clearwater, Florida 33760<BR>
</B><FONT style="font-size:9pt"><I>(Address of principal executive offices) (Zip Code)<BR>
</I></FONT>&nbsp;</P>
<P style="margin:0px" align=center><B>(727) </B><FONT style="font-family:CG Times,Times New Roman"><B>451-9510<BR>
</B></FONT><FONT style="font-size:9pt"><I>Registrant&#146;s telephone number, including area code</I></FONT></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:10px; margin-bottom:0px; font-family:CG Times,Times New Roman" align=center>(Former name or former address, if changed since last report)</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:13pt; margin:0px" align=justify>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=23.733 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=23.733><P style="line-height:13pt; margin:0px; font-family:Wingdings" align=justify>o</P>
</TD><TD style="margin-top:0px" valign=top><P style="line-height:13pt; margin:0px" align=justify>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=23.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=23.733><P style="line-height:13pt; margin:0px; font-family:Wingdings" align=justify>o</P>
</TD><TD style="margin-top:0px" valign=top><P style="line-height:13pt; margin:0px" align=justify>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=23.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=23.733><P style="line-height:13pt; margin:0px; font-family:Wingdings" align=justify>o</P>
</TD><TD style="margin-top:0px" valign=top><P style="line-height:13pt; margin:0px" align=justify>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=23.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=23.733><P style="line-height:13pt; margin:0px; font-family:Wingdings" align=justify>o</P>
</TD><TD style="margin-top:0px" valign=top><P style="line-height:13pt; margin:0px" align=justify>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; font-family:CG Times,Times New Roman; border-bottom:1.333px solid #000000">&nbsp;</P>
<P style="margin:0px; padding-top:4px; font-family:CG Times,Times New Roman; border-top:4px solid #000000">&nbsp;</P>
<P style="line-height:13pt; margin:0px" align=justify><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; font-family:CG Times,Times New Roman; page-break-before:always">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; font-family:CG Times,Times New Roman; float:left"><B>Item 1.01 </B></P>
<P style="margin:0px; text-indent:-2px; font-family:CG Times,Times New Roman"><B>Entry Into a Material Definitive Agreement</B></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; text-indent:48px">As Seen on TV, Inc. (the &#147;Company&#148;) previously entered into a Senior Note Purchase Agreement dated as of April 3, 2014, by and among the Company and the additional purchasers thereto (collectively, the &#147;Credit Parties&#148;), and MIG7 Infusion, LLC (&#147;MIG7&#148;), which was amended May&nbsp;1, 2014 (the &#147;Note Purchase Agreement&#148;). Pursuant to the Note Purchase Agreement, the Credit Parties sold to MIG7 a senior secured note having a principal amount of $10,180,000, bearing interest at 14% and having a maturity date of April 3, 2015 (the &#147;Note&#148;). The Note Purchase Agreement was previously filed as Exhibit 10.2 to the Company&#146;s Current Report on Form 8-K, filed April 8, 2014. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">The Company has now entered into an Amendment No. 2 to Senior Note Purchase Agreement (the &#147;Amended Agreement&#148;) dated March 31, 2015, and a Second Amended and Restated Senior Secured Promissory Note (the &#147;Amended Note&#148;). These documents are attached as Exhibits 10.1 and 10.2, respectively, to this Current Report, and made several material changes to the Note Purchase Agreement and Note. In particular, these amendments: (a) contained a qualified forbearance of the events of default noted in the default notice letter delivered to the Company by MIG7 and previously disclosed in the Company&#146;s Current Report on Form 8-K filed December 15, 2014; (b) resulted in MIG7 lending an additional $1,900,000 to the Credit Parties; (c) set the outstanding principal amount, including compounded interest through April 27, 2015, to $12,676,193; (d) capitalized all interest as of April 27, 2015, into the new principal balance referenced above, and provided that interest accrued thereafter until April 2, 2016, is payable on the Maturity Date, and accrued interest after April 2, 2016, is to be paid quarterly; and (e) extended the Maturity Date of the Note to April 3, 2017, with an extension until April 3, 2018, if the Company (i) undertakes an offering of common stock within 15 months of the date of the Amendment that results in net proceeds of at least $14 million, and (ii) at least $10,000,000 of such offering proceeds are applied to the Note. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">The Amended Agreement also added additional terms and conditions that are binding on the Company. The proceeds of the Amended Note must be used by the Company to acquire the remaining interests in the debt of Ronco Holdings, Inc., and, on or before May 31, 2014, the remaining equity interests of Ronco Holdings, Inc. The acquisition of the remaining debt interests has been completed. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">The Company is also obligated, within 120 days of the Amended Agreement, to issue to MIG7 shares of Convertible Preferred Stock of the Company, senior to all other capital stock of the Company, convertible into that number of shares of the Company&#146;s common stock representing 60% of the fully diluted shares of capital stock of the Company. In addition, the Company may issue common stock in such amounts that (a) certain warrant holders shall own 9% of the outstanding, fully diluted capital stock of the Company, and management of the Company shall own 30% of the same. Accordingly, assuming the successful issuance of such capital stock of the Company, the remaining shareholders of the Company will be substantially diluted following these issuances. Further, each share of the new Convertible Preferred Stock will be afforded three votes, as compared to one vote for each share of common stock. The Company, within 180 days of the date of the Amended Agreement, will also be required to reserve shares of the Company&#146;s common stock sufficient to convert, on one-for-one basis, all shares of the Convertible Preferred Stock into common stock. Further, until the recapitalization is completed, MIG7 shall have the right to appoint members of the Board of Directors of the Company in any number, such that it may maintain a majority of the board. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">The Amended Agreement also added additional events of default under the Note, including certain revenue and EBITDA milestones, a requirement that the Company complete the issuances to MIG7 described above, and other customary terms of default. It also requires that the Company work towards reducing its liabilities and other obligations of each subsidiary, including through the dissolution or liquidation of such subsidiaries. Except as otherwise provided, all other requirements and terms of the original Note Purchase Agreement and Note continue in effect, including MIG7&#146;s rights to foreclose on assets of the Company upon any subsequent event of default. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">The foregoing description of the Amended Agreement and the Amended Note, and the transactions contemplated thereby, does not purport to be complete and is subject to, and qualified in its entirety by, the Amended Agreement and Amended Note, copies of which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>2</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; font-family:CG Times,Times New Roman; page-break-before:always">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left"><B>Item 9.01</B></P>
<P style="margin:0px; text-indent:-2px"><B>Financial Statements and Exhibits.</B></P>
<P style="line-height:10pt; margin:0px; clear:left"><BR></P>
<P style="margin:0px">(d) Exhibits</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=72 /><TD width=16 /><TD /></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=72><P style="margin:0px"><B>Exhibit No.</B></P>
</TD><TD style="margin-top:0px" valign=top width=16><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top><P style="margin:0px"><B>Description</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=72><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=16><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFCC" valign=top width=72><P style="margin:0px"><A HREF="astv_ex10z1.htm">10.1</A></P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=top width=16><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#CCFFCC" valign=top><P style="margin:0px">Amendment No. 2 to Senior Note Purchase Agreement, dated March 31, 2015, by and among As Seen On TV, Inc., Infusion Brands, Inc, eDiets.com, Inc., Tru Hair, Inc., TV Goods Holding Corporation, Ronco Funding LLC, RFL Enterprises, LLC, and MIG7 Infusion, LLC</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=72><P style="margin:0px"><A HREF="astv_ex10z2.htm">10.2</A></P>
</TD><TD style="margin-top:0px" valign=top width=16><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top><P style="margin:0px">Second Amended Senior Secured Promissory Note, dated March 31, 2015, in favor of MIG7 Infusion, LLC</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>3</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; font-family:CG Times,Times New Roman; page-break-before:always">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>SIGNATURES</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<DIV align=right><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=32.6 /><TD width=6.533 /><TD width=259.867 /></TR>
<TR><TD style="margin-top:0px" width=32.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=259.867><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=299 colspan=3><P style="margin:0px"><B>AS SEEN ON TV, INC.</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" width=32.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=266.4 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=32.6><P style="margin:0px">By:</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=259.867><P style="margin:0px">/s/ <FONT style="font-family:CG Times,Times New Roman">Shad Stastney</FONT></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=32.6><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=259.867><P style="margin:0px; font-family:CG Times,Times New Roman">Shad Stastney</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=32.6><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=6.533><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=bottom width=259.867><P style="margin:0px; font-family:CG Times,Times New Roman">Interim Chief Executive Officer</P>
</TD></TR>
</TABLE></DIV>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:CG Times,Times New Roman">Date: April 6, 2015</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>4</P>
<P style="margin:0px"><BR></P>
</BODY>
<!-- EDGAR Validation Code: BBDAD81A -->
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>astv_ex10z1.htm
<DESCRIPTION>AMENDMENT NO. 2 TO SENIOR NOTE PURCHASE AGREEMENT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>AMENDMENT NO. 2 TO SENIOR NOTE PURCHASE AGREEMENT</TITLE>
<META NAME="date" CONTENT="04/06/2015">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt" align=right><B>EXHIBIT 10.1</B></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt" align=center><B><U>AMENDMENT NO. 2 TO SENIOR NOTE PURCHASE AGREEMENT</U></B></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px; font-size:12pt">THIS AMENDMENT (this &#147;<U>Amendment</U>&#148;), made as of March 31, 2015 by and among AS SEEN ON TV, INC., a Florida corporation (&#147;<U>ASTV</U>&#148;), INFUSION BRANDS, INC., a Nevada corporation (&#147;<U>Infusion</U>&#148;), EDIETS.COM, INC., a Delaware corporation (&#147;<U>eDiets</U>&#148;), TV GOODS HOLDING CORPORATION, a Florida corporation (&#147;<U>TV Goods</U>&#148;), TRU HAIR, INC., a Florida corporation (&#147;<U>Tru Hair</U>&#148;), RFL Enterprises, LLC, a Texas limited liability company (&#147;<U>RFLE</U>&#148;) and RONCO FUNDING, LLC, a Delaware limited liability company (&#147;RFL&#148; and collectively with ASTV, Infusion, eDiets, TV Goods, Tru Hair and RFLE, the &#147;<U>Credit Parties</U>&#148; and each individually, a &#147;<U>Credit Party</U>&#148;), and MIG7 INFUSION, LLC, a Florida limited liability company (the &#147;<U>Purchaser</U>&#148;), hereby amends that certain SENIOR NOTE PURCHASE AGREEMENT between the Credit Parties and Purchaser dated as of April 3, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the &#147;<U>Loan Agreement</U>&#148;).</P>
<P style="margin:0px; font-size:12pt" align=center><B>W I T N E S S E T H:</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px; font-size:12pt"><B>WHEREAS</B>, Purchaser has previously advanced $10,180,000 to the Credit Parties, the repayment of which is evidenced by that certain Amended and Restated Senior Secured Promissory Note dated as of April 3, 2014 in the original principal amount of $10,180,000; </P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px; font-size:12pt"><B>WHEREAS</B>, RFLE desires to become a Credit Party and become a party to all of the Transaction Documents; and </P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px; font-size:12pt"><B>WHEREAS</B>, the Credit Parties wish to borrow an additional $1,900,000, with regard to which they agree to repay $2,280,000, and owe an additional $216,193 to Borrower and accordingly the parties hereto wish to increase the Maximum Investment Amount to $12,676,193;</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px; font-size:12pt"><B>NOW, THEREFORE</B>, for and in consideration of the sum of $10.00, the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</P>
<A NAME="_Toc105328116"></A><P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; float:left">1.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Definitions</U>. All capitalized terms contained in this Amendment that are not defined in this Amendment shall have the meanings ascribed to them in the Loan Agreement.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">2.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Acknowledgment of Default</U>. </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">a.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">Credit Parties hereby agree and acknowledge that they currently are in default of the Loan Agreement and Note and that an Event of Default currently exists because Credit Parties failed to achieve the revenue and EBITDA targets set forth in <U>Section 6.1(xiv) and (xv)</U> of the Loan Agreement, failed to deliver certain required reports, and other defaults specifically set forth in that certain Notice of Default dated December 10, 2014, from Purchaser to the Credit Parties (collectively, the &#147;<U>Existing Default</U>&#148;). For purposes of this Amendment, the term &#147;<U>Existing Default</U>&#148; includes any other Event of Default that may exist as of the date hereof, whether or not identified, other than any such other Event of Default which has, or could reasonably be expected to have, a Material Adverse Effect at the time the Event of Default is discovered by Purchaser or thereafter. </P>
<P style="margin-top:0px; margin-bottom:13.333px; clear:left"><BR>
<BR></P>
<P style="line-height:10pt; margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; float:left">b.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">Notwithstanding such Existing Default, Purchaser agrees to forbear from exercising its rights arising from the Existing Default, on the terms set forth in <U>Section 3</U> below.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">3.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Forbearance</U>. In reliance upon the representations, warranties and covenants of each of the Credit Parties contained in this Amendment, and subject to all of the other terms and conditions of this Amendment, from the date of this Amendment until the earlier of (a) the Maturity Date of the Second Restated Note (as defined below), as such Maturity Date may be extended as contemplated by Section 4(d) below, and (b) the date of the occurrence of an Event of Default other than the Existing Default (the earliest of such dates being referred to herein as the &#147;<B>Forbearance Termination Date</B>&#148;), Purchaser agrees to forbear from exercising its rights and remedies under the Transaction Documents which it otherwise would have the right to exercise as a result of the Existing Default. On the Forbearance Termination Date, the agreement of Purchaser to forbear set forth in this <U>Section 3</U> shall automatically and without further action terminate and be of no force and effect, it being understood and agreed that the effect of such termination will be to permit Purchaser to immediately exercise its rights and remedies under the Transaction Documents, applicable law or otherwise, as if no such forbearance had occurred.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">4.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Additional Funding/Amendment to Repayment Terms</U>.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">a.</P>
<P style="margin-top:0px; margin-bottom:16px; padding-left:96px; text-indent:-2px; font-size:12pt">The Maximum Investment Amount is hereby increased to $12,676,193.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">b.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">On the date hereof, Purchaser shall advance an additional $1,900,000 to the Credit Parties (the &#147;<U>Third Advance</U>&#148;), by a wire transfer of immediately available funds in accordance with the Credit Parties&#146; written instructions.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">c.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">Accordingly, the Credit Parties shall, on the date hereof, execute and deliver to Purchaser a Second Amended and Restated Promissory Note, in the form attached hereto as <U>Exhibit A</U>, evidencing the increased Loan amount of $12,676,193 (the &#147;<U>Second Restated Note</U>&#148;). The parties hereto acknowledge that the Second Restated Note is the Note referenced in the Loan Agreement.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">d.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">The Second Restated Note shall reflect that the Maturity Date is hereby extended to April 3, 2017; provided that the Maturity Date shall automatically be further extended to April 3, 2018 if ASTV undertakes an offering of its common stock within fifteen (15) months of the date of this Amendment that results in ASTV raising net proceeds of at least $14,000,000, at least $10,000,000 of which must be immediately applied to pay down a portion of the Second Restated Note (a &#147;<U>Qualified Offering</U>&#148;).</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">e.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">The Second Restated Note also shall reflect that interest shall be paid as follows: (i) accrued interest as of April 27, 2015 in the amount of $113,793 is being added to the principal amount of the Second Restated Note, (ii) interest that accrues from April 28, 2015 through April 2, 2016 shall be paid on the Maturity Date; and (iii) all interest that accrues after April 2, 2016 shall be paid on a quarterly basis </P>
<P style="margin-top:0px; margin-bottom:13.333px; clear:left"><BR>
<BR></P>
<P style="margin:0px" align=center>2</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; font-size:12pt">on the fifth (5th) day of each calendar quarter until all amounts due hereunder are repaid in full.</P>
<A NAME="_Toc105328158"></A><A NAME="_Toc105328126"></A><P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; float:left">5.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Use of Proceeds</U>. </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">a.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">Notwithstanding anything to the contrary, the Credit Parties shall use the proceeds from the Third Advance solely to acquire the remaining interests in the debt (the &#147;<U>Ronco Secured Debt</U>&#148;) of Ronco Holdings, Inc. (&#147;<U>Ronco</U>&#148;) held by Ronco&#146;s various lenders (other than RFL) and LV Administrative Services, Inc., as collateral and administrative agent to such lenders (&#147;LV&#148; and collectively with such lenders, the &#147;<U>Ronco Creditor Parties</U>&#148;) substantially as contemplated in the current draft of the Debt Acquisition Agreement provided to Purchaser on March 27, 2015 (the &#147;<U>Laurus Takeout</U>&#148;), with the balance used for working capital purposes. The purchaser of such remaining interests in the debt and equity of Ronco shall be RFLE. The Credit Parties shall proceed with due haste to complete the Laurus Takeout as soon as commercially reasonable and in any event prior to March 31, 2015, it being acknowledged that the Forbearance Agreement dated as of March 6, 2014 by and among Ronco, CD3 Holdings, Inc. and LV expires on March 31, 2015 (the &#147;<U>Ronco Forbearance Agreement</U>&#148;). </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">b.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">RFLE hereby agrees to become a Credit Party and, as such, agrees to be bound by all of the Transaction Documents and to undertake all of the obligations of the Credit Parties set forth in the Transaction Documents as if it had been an original signatory to each such Transaction Document, including without limitation the Security Agreement. Without limiting the foregoing, the Credit Parties hereby agree that all of the ownership interests of RFLE and all of RFLE&#146;s assets, including without limitation all rights it may have to Ronco&#146;s debt and equity, are Collateral as defined in the Security Agreement, and are subject to the terms of the Transaction Documents, including without limitation the Security Agreement, and Purchaser&#146;s rights set forth therein. </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">c.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">The Credit Parties shall also take all commercially reasonable steps to promptly acquire all of the equity interests of Ronco on or before May 31, 2015. The parties hereby agree that the intent of the forgoing is that, once the forgoing transactions are finalized, ASTV will own, either directly or indirectly through other wholly-owned subsidiaries, 100% of Ronco (the operating company) (the &#147;<U>Ronco Acquisition</U>&#148;). </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">6.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Liability Reduction</U>. Within ninety (90) days of the date hereof, the Credit Parties shall, in good faith and to the extent they may do so in compliance with all applicable laws, use their commercially reasonable efforts to reduce to the extent commercially reasonable all liabilities and other obligations of each direct and indirect subsidiary of ASTV, including by dissolving and liquidating any subsidiaries with liabilities in excess of the value of such subsidiary&#146;s assets or by coming to arrangements with the creditors of such subsidiaries that are acceptable to Purchaser (the &#147;<U>Liability Reduction</U>&#148;).</P>
<P style="margin-top:0px; margin-bottom:13.333px; clear:left"><BR>
<BR></P>
<P style="margin:0px" align=center>3</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; float:left">7.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Recapitalization</U>. </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">a.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">Within one hundred twenty (120) days of the date hereof, the Credit Parties shall issue (at no additional costs to Purchaser) shares of Convertible Preferred Stock of ASTV (such issuance to Purchaser, the &#147;<U>Recapitalization</U>&#148;), which shares must be senior to all other capital stock of ASTV and represent, immediately after the Recapitalization, sixty percent (60%) of the fully diluted shares of capital stock of ASTV (including, when calculating the fully diluted outstanding shares, all securities issued to the National Holders (as defined below) and employees and directors of the Credit Parties, whether vested or unvested including those contemplated by <U>Section 7(b)</U> below, whether or not issued); provided that such shares shall be reduced to an amount equal to fifty percent (50%) of the fully diluted shares of capital stock of ASTV (measured as of a date that is immediately after the Recapitalization, and including, when calculating the fully diluted outstanding shares, all securities issued to the National Holders and employees and directors of the Credit Parties, whether vested or unvested including those contemplated by <U>Section 7(b)</U> below, whether or not issued) if the Second Restated Loan is paid in full on or prior to the first anniversary of this Amendment. Each share of Convertible Preferred Stock shall have three (3) votes and shall (to the extent permitted by law) vote as a single class with all other classes of capital stock of ASTV, all of which other classes may not have more than one (1) vote per share. The shares of Convertible Preferred Stock shall be convertible at the option of Purchaser at any time, on a one-for-one basis (but subject to adjustment in the event of a stock split and similar events), into shares of ASTV common stock and shall have such other rights and preferences as are reasonably acceptable to Purchaser.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">b.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">In addition, it is anticipated that in connection with the Recapitalization or shortly thereafter ASTV will undertake actions that result in:</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">i.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">The holders of warrants who previously acquired securities of ASTV placed by National Securities, via an exchange of restricted common stock for warrants (the &#147;<U>National Holders</U>&#148;), owning, immediately after the Recapitalization, restricted shares of common stock of ASTV representing, immediately after the Recapitalization, nine percent (9%) of the fully diluted shares of capital stock of ASTV; </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">ii.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">Management of ASTV being issued restricted shares of common stock of ASTV, representing, immediately after the Recapitalization, thirty percent (30%) of the fully diluted shares of capital stock of ASTV (provided that such shares may be increased to an amount equal to forty percent (40%) of the fully diluted shares of capital stock of ASTV if the Second Restated Loan is paid in full on or prior to the first anniversary of this Amendment), with half vesting immediately and the other half (the &#147;<U>Second Vesting Amount</U>&#148;) vesting over 2 years, with one-half of the Second Vesting Amount vesting on December 31, 2015 if the Credit Parties achieve at least $25,000,000 in revenues and $2,500,000 of Adjusted EBITDA for the fiscal year ended December 31, 2015 (such </P>
<P style="margin-top:0px; margin-bottom:13.333px; clear:left"><BR>
<BR></P>
<P style="margin:0px" align=center>4</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; font-size:12pt">number of shares being forfeited if the Credit Parties fail to achieve either such revenue or Adjusted EBITDA target) and the remaining portion of the Second Vesting Amount vesting on December 31, 2016 if the Credit Parties achieve at least $45,000,000 in revenues and $4,500,000 of Adjusted EBITDA for the fiscal year ended December 31, 2016 (such number of shares being forfeited if the Credit Parties fail to achieve either such revenue or Adjusted EBITDA target). For purposes of this Amendment, &#147;Adjusted EBITDA&#148; shall be the EBITDA of the Credit Parties, reduced by 100% of the following amounts: all reasonable and documented expenses (including without limitation all legal fees and expenses of the Credit Parties and the Purchaser), reasonably acceptable to Purchaser, related to the Recapitalization or this Amendment (including, without limitation and for the avoidance of doubt, transactions and issuances of securities contemplated by Sections 7(b), 9(e) and 9(f)), including all third party audit expenses and the costs of public company securities filings, incurred from and after the date hereof with regard to either historical periods or future periods; and</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; float:left">iii.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">The remaining existing shareholders of ASTV owning one percent (1%) of the fully diluted shares of capital stock of ASTV.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">c.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">The Recapitalization must be completed within one hundred twenty (120) days of the date of this Amendment, in compliance with all applicable laws; provided that, for the avoidance of doubt, ASTV shall use commercially reasonable efforts to complete the items enumerated in <B>Section 7(b)</B> above, but shall not be required to complete such items by such deadline. </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">d.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">All shares issued to ASTV management and the National Holders must be subject to customary lock-up restrictions, on terms reasonably acceptable to Purchaser. </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">e.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">The shares issued to Purchaser shall be issued (i) pursuant to a Certificate of Designation reasonably acceptable to Purchaser and (b) subject to a registration rights agreement with customary provisions including demand and piggy-back registration rights reasonably acceptable to Purchaser. </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">8.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Warrant</U>. Notwithstanding anything to the contrary, the expiration date of the Warrant is hereby extended until such date as the Credit Parties complete the Recapitalization. The Warrant shall automatically expire simultaneously with the closing of the Recapitalization. At such time, Purchaser shall return the Warrant for cancellation.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">9.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Affirmative Covenants</U>. In addition to the covenants contained in <U>Section 4.4</U> of the Loan Agreement, so long as the Second Restated Note remains outstanding, each Credit Party shall, and shall cause each of its Subsidiaries and Affiliates to:</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">a.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">If requested by Purchaser at any time prior to the completion of the Recapitalization, cause such number of Persons designated by Purchaser, in its discretion from time to time, to be elected to each Board of Directors of each Credit Party so that such Persons designated by Purchaser constitute at least a </P>
<P style="margin-top:0px; margin-bottom:13.333px; clear:left"><BR>
<BR></P>
<P style="margin:0px" align=center>5</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; font-size:12pt">majority of the Directors on each such Board of Directors; provided that in any event, at least one seat on the Board of Directors shall be filled by a person designated by ASTV;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; float:left">b.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">Complete the Laurus Takeout on or before March 31, 2015;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">c.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">Complete the Ronco Acquisition on or before May 31, 2015;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">d.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">Complete the Recapitalization (including obtaining all necessary board and shareholder approvals) within one hundred twenty (120) days of the date of this Amendment;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">e.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">Undertake and complete, within one hundred eighty (180) days of the date of this Amendment, all actions necessary to reserve from ASTV&#146;s authorized and unissued Common Stock a sufficient number of shares to provide for the conversion of all of the Convertible Preferred Stock of ASTV issued to Purchaser in connection with the Recapitalization; </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">f.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">Complete a Qualified Offering within fifteen (15) months from the date of this Amendment; and</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">g.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">Apply at least Ten Million Dollars ($10,000,000) from the proceeds of a Qualified Offering to pay a portion of the Second Restated Note within fifteen (15) months from the date this Amendment.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">10.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Event of Default</U>. </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">a.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt"><U>Section 6.1(xiv)</U> of the Loan Agreement shall be deemed to be replaced in its entirety by the following: &#147;the Credit Parties&#146; (which shall include without limitation the revenues of Ronco Holdings, Inc.) consolidated revenues, as determined in accordance with GAAP, are less than $25,000,000.00 for the year ended December 31, 2015 or $45,000,000.00 for the year ended December 31, 2016.&#148; Nothing in this <U>Section 10(a)</U>, however, shall be deemed to be a waiver of the Existing Default, except to the extent set forth in <B>Section 2</B> or <B>Section 3</B> above. </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">b.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt"><U>Section 6.1(xv)</U> of the Loan Agreement is hereby replaced in its entirety by the following: &#147;the Credit Parties&#146; (which shall include without limitation the Adjusted EBITDA of Ronco Holdings, Inc.) consolidated Adjusted EBITDA is less than $2,500,000.00 for the year ended December 31, 2015 or $4,500,000.00 for the year ended December 31, 2016.&#148; Nothing in this <U>Section 10(b)</U>, however, shall be deemed to be a waiver of the Existing Default, except to the extent set forth in <B>Section 2</B> or <B>Section 3</B> above.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">c.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">In addition to the Events of Default set forth in the Loan Agreement, an &#147;Event of Default&#148; shall be deemed to have occurred, unless waived by or consented to in writing in advance by the Purchaser, if:</P>
<P style="margin-top:0px; margin-bottom:13.333px; clear:left"><BR>
<BR></P>
<P style="margin:0px" align=center>6</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; float:left">i.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">A Credit Party breaches, fails to perform or observe any material provision contained in this Amendment (including without limitation if ASTV fails to complete the Recapitalization within 120 days of the date of this Amendment) or any other Transaction Document including the Second Restated Note or any other instrument delivered pursuant hereto or thereto;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">ii.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">Any representation, warranty or information contained herein is materially false or misleading on the date made or furnished;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">iii.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">The Ronco Forbearance agreement expires or is terminated prior to the date of the Laurus Takeout.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">iv.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">At any time following the Recapitalization but prior to the date the Second Restated Note is repaid in full the shares of capital stock of ASTV owned by Purchaser equal an amount less than sixty percent (60%) (or fifty percent (50%) if the Second Restated Loan is paid in full on or prior to the first anniversary of this Amendment) of the fully diluted capital stock of ASTV, other than as a result of any dilution resulting from the closing of a Qualified Offering or from the issuance of additional shares in an issuance that is approved in advance by Purchaser, which approval will not be unreasonably withheld); </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">v.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">The aggregate liabilities of the Credit Parties (including without limitation all accounts payable and all Indebtedness of the Credit Parties) other than the Indebtedness evidenced by the Second Restated Note at any time exceed Eight Million Dollars ($8,000,000) (for the avoidance of doubt, the Ronco Secured Debt shall not count towards this cap); and</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">vi.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">At any time prior to the Recapitalization being completed, Infusion Brands International, Inc. undergoes a Change in Control or any other event occurs that results in the current majority equity holders of Infusion Brands International, Inc. losing the ability to direct the vote of ASTV shares currently owned by Infusion Brands International, Inc.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">11.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Representations, Warranties and Covenants; No Event of Default</U>. </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">a. </P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt">The Credit Parties hereby represent and warrant to Purchaser as follows: </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">i.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">The representations and warranties contained in <U>Section 5</U> of the Loan Agreement remain true and correct in all material respects on the date hereof.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">ii.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">ASTV owns 100% of the ownership interest of RFLE, free and clear of all Liens, and no other Person has any rights to such ownership interest.</P>
<P style="margin-top:0px; margin-bottom:13.333px; clear:left"><BR>
<BR></P>
<P style="margin:0px" align=center>7</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; float:left">iii.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">Each of the Credit Parties has all necessary power and authority to enter into this Amendment, to carry out its obligations hereunder and to consummate the transactions contemplated hereby.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">iv.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">This Amendment has been duly executed and delivered by each of the Credit Parties, and (assuming due authorization, execution and delivery by Purchaser) this Amendment constitutes a legal, valid and binding obligation of each of the Credit Parties, enforceable against each of them in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors&#146; rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">v.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">Copies of the Credit Parties&#146; consolidated financial statements consisting of the balance sheet of the Company as at February 28, 2015 and the related statements of income and retained earnings, stockholders&#146; equity and cash flow for the period then ended, all of which have been provided to Purchaser and fairly present in all material respects the financial condition and results of the operations of the Credit Parties as of February 28, 2015.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">vi.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">Except as set forth in <B>Schedule 11(a)(vi)</B> attached hereto, since February 28, 2015 there has not been any material adverse change in the financial condition, operating results, assets, liabilities, operations or prospects of the Credit Parties taken as a whole.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">vii.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">Once issued, all of the shares of Convertible Preferred Stock of ASTV to be issued to Purchaser in connection with the Recapitalization will be duly authorized, validly issued, fully paid and non-assessable. </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">viii.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">The execution, delivery and performance by the Credit Parties of this Amendment, and the consummation of the transactions contemplated hereby, do not and will not, except as set forth in <B>Schedule 11(a)(vi) </B>attached hereto, require the consent, notice or other action by any Person under, conflict with, result in a violation or breach of, constitute a default under or result in the acceleration of any agreement with any such Person.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">ix.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">To the knowledge of the Credit Parties, no Event of Default currently exist other than the Existing Default.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">b.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:72px; text-indent:-2px; font-size:12pt">The Purchaser hereby represents and warrants to the Credit Parties as follows: </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">i.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">Purchaser has all necessary power and authority to enter into this Amendment, to carry out its obligations hereunder and to consummate the transactions contemplated hereby.</P>
<P style="margin-top:0px; margin-bottom:13.333px; clear:left"><BR>
<BR></P>
<P style="margin:0px" align=center>8</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; float:left">ii.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">This Amendment has been duly executed and delivered by the Purchaser, and (assuming due authorization, execution and delivery by Credit Parties) this Amendment constitutes a legal, valid and binding obligation of the Purchaser, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors&#146; rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:132px; width:160px; font-size:12pt; clear:left; float:left">iii.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:160px; text-indent:-2px; font-size:12pt">The execution, delivery and performance by the Purchaser of this Amendment, and the consummation of the transactions contemplated hereby, do not and will not, except as set forth in <B>Schedule 11(b)(iii) </B>attached hereto, require the consent, notice or other action by any Person under, conflict with, result in a violation or breach of, constitute a default under or result in the acceleration of any agreement with any such Person.</P>
<A NAME="_Toc105328135"></A><P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">12.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>MIG Fee</U>. Commencing on the date hereof and until the Second Restated Note is paid in full, the Credit Parties shall, jointly and severally, pay Mallitz Investment Group, LLC, a Florida limited liability company (&#147;<U>MIG</U>&#148;), a management fee equal to two percent (2%) per annum on the unpaid principal balance of the Second Restated Note (the &#147;<U>MIG Fee</U>&#148;), which MIG Fees shall be payable quarterly in arrears on June 30, September 30, December 31 and March 31 (provided that the MIG Fee will accrue for the first six months following the date of this Amendment with the accrued amount being paid on September 30, 2015). <A NAME="_Toc105328136"></A></P>
<A NAME="_Toc105328202"></A><P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">13.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Fees and Expenses</U>. The Credit Parties shall jointly and severally reimburse Purchaser and MIG for all of their legal and professional fees and other costs and expenses incurred in connection with the preparation, negotiation and execution of this Amendment, the Second Restated Note, the Laurus Takeout, the Ronco Acquisition, the Recapitalization, the Qualified Offering &nbsp;and all of the other agreements and transactions contemplated hereby, as well as all expenses incurred by Purchaser or MIG in connection with its collection efforts undertaken prior to the date hereof. To that end, within seven days of the date hereof, Purchaser shall provide to the Credit Parties an invoice from its counsel reflects its total legal fees and cost incurred through the date hereof and thereafter the Credit Parties shall jointly and severally reimburse such amount in twelve (12) equal, consecutive monthly installments, on or before the third day of each month, commencing on April 15, 2015, and shall reimburse all other amounts required to be reimbursed pursuant to this <U>Section 12</U> as Purchaser and/or MIG incurs such costs and expenses; provided that if the Credit Parties obtain a new credit facility or additional financing in excess of $1,000,000, the Credit Parties shall reimburse all amounts remaining to be paid within seven days of the closing of such new credit facility or additional financing.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">14.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Continuation of Obligations</U>. Except as specifically amended pursuant to this Amendment, this Amendment does not reinstate, modify, amend, or extend any of the Transaction Documents, all of which remain in full force and effect in accordance with their terms (as specifically amended by this Amendment), and the obligations of the Credit Parties thereunder remain due and owing, and each party hereto hereby confirms </P>
<P style="margin-top:0px; margin-bottom:13.333px; clear:left"><BR>
<BR></P>
<P style="margin:0px" align=center>9</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; font-size:12pt">and agrees to be bound by all of the terms and provisions thereof. Nothing in this Amendment shall constitute a waiver or otherwise limit the rights and remedies of Purchaser arising under any of the Transaction Documents, except as specifically set forth in this Amendment.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; float:left">15.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>No Novation</U>. The Amendment is not a novation or refinancing of the indebtedness evidenced by the Note, but merely an amendment to the terms thereof. To the extent of any conflict between the terms and provisions of this Amendment and the terms and provisions of any of the other Transaction Documents<A NAME="_DV_M150"></A>, the terms and provisions of this Amendment shall govern and control.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">16.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Acknowledgement of Current Indebtedness</U>. The Credit Parties acknowledge and agree that immediately prior to the date of this Amendment, the Credit Parties owe Purchaser a total of $10,396,193, which consist of (a) the principal amount of the Note $10,180,000,(b) $113,793 of accrued interest through March 27, 2015, (c) the deferred loan origination fee contemplated by <U>Section 3.6(iii)</U> of the Loan Agreement in the amount $101,800, and (d) $600 to reimburse Purchaser for costs it incurred in connection with the non-judicial foreclosure contemplated in February, 2015. The foregoing obligations do not include the fees and costs reimbursable pursuant to <U>Section 10</U> above. The Credit Parties acknowledge, represent, warrant, and agree that as of the date of this Amendment none of them hold any defenses, counterclaims, setoffs, or rights of recoupment against payment of such Indebtedness. Absent manifest error, the records of Purchaser regarding all such amounts owed shall be conclusive as to amounts borrowed and owed. </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:12pt; clear:left; float:left">17.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:48px; text-indent:-2px; font-size:12pt"><U>Miscellaneous</U>.</P>
<A NAME="_Toc105328212"></A><P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">a.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt"><U>Release</U>. Effective as of the date hereof, the Credit Parties, on behalf of themselves and their Affiliates and their respective successors and assigns, hereby fully remise, release, acquit, and forever discharge Purchaser and MIG and each of their Affiliates, successors and assigns, together with their respective past and present directors, officers, shareholders, employees, agents, attorneys and representatives (collectively, the &#147;<U>MIG Parties</U>&#148;) of and from, and agree not to sue and otherwise agree not to enforce, any and all losses, claims, debts, liabilities, demands, obligations, costs, expenses, actions, causes of action and claims for relief of every nature, whether known or unknown, whether arising at law or in equity, and whether direct or indirect (collectively, &#147;<U>Claims</U>&#148;), which the Credit Parties, either singly or jointly with others, may have had, may now have, or may hereafter have, against the MIG Parties by reason of any matter, cause, happening or thing arising prior to the date hereof. &nbsp;The MIG Parties hereby fully remise, release, acquit, and forever discharge all of the directors, officers, shareholders, employees, agents, attorneys and representatives of the Credit Parties holding such positions as of the date of this Amendment (collectively, the &#147;<U>Released Parties</U>&#148;) of and from, and agree not to sue and otherwise agree not to enforce, any and all Claims which the MIG Parties, either singly or jointly with others, may have had, may now have, or may hereafter have, against the Released Parties by reason of any matter, cause, happening or thing arising prior to the date hereof.</P>
<P style="margin-top:0px; margin-bottom:13.333px; clear:left"><BR>
<BR></P>
<P style="margin:0px" align=center>10</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; float:left">b.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt"><U>Counterparts</U>. This Amendment may be executed in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same agreement.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">c.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt"><U>Continuation of Obligations</U>. Except as specifically amended pursuant to this Amendment, this Amendment does not reinstate, modify, amend, or extend the Loan Agreement, which shall remain in full force and effect in accordance with its terms. Each party hereto hereby confirms and agrees to be bound by all of the terms and provisions of the Loan Agreement, as amended by this Amendment. Nothing in this Amendment shall constitute a waiver or otherwise limit the rights and remedies of Purchaser arising under the Loan Agreement.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">d.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt"><U>National Securities</U>. National Securities may be considered by ASTV to facilitate future block trades and financings. </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">e.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt"><U>Third Party Beneficiary</U>. MIG and MIG7 Warrant, LLC, a Florida limited liability company are specifically made third party beneficiaries of this Amendment.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">f.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt"><U>Further Assurances</U>. Each of the Credit Parties shall, and shall cause their respective Affiliates to, execute and deliver such additional documents, instruments, conveyances and assurances and take such further actions as may be reasonably required to carry out the provisions of this Amendment and give effect to the transactions contemplated by this Amendment.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">g.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt"><U>No Other Promises or Inducements</U>. There are no other promises, representations, or inducements which have been made to any Credit Party to cause them to enter into this Amendment other than those set forth in this Amendment. The Credit Parties acknowledge they have read and reviewed this Amendment and that they have had the full benefit and advice of counsel, or the opportunity to obtain the benefit and advice of counsel, of their own selection, and that this Amendment has been entered into by them freely, voluntarily, with fully knowledge, and without duress.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:12pt; clear:left; float:left">h.</P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:96px; text-indent:-2px; font-size:12pt"><U>Notices</U>. In accordance with Section 7.13 of the Loan Agreement, Purchaser hereby notifies the Credit Parties that its address has changed to: 8043 Cooper Creek Blvd, Suite #208, University Park FL 34201.</P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt; clear:left" align=center><I>[Remainder of this page intentionally left blank; signatures to follow]</I></P>
<P style="margin-top:0px; margin-bottom:13.333px" align=center><BR>
<BR></P>
<P style="margin:0px" align=center>11</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px; font-size:12pt">IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date first written above.</P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt"><B>CREDIT PARTIES:</B></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=319.2 /><TD width=319.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">INFUSION BRANDS, INC.</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">AS SEEN ON TV, INC.</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">EDIETS.COM, INC.</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">TV GOODS HOLDING CORPORATION</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">TRU HAIR, INC. </P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">RONCO FUNDING, LLC</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">RFL Enterprises, LLC </P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt"><B>PURCHASER:</B></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">MIG7 INFUSION, LLC<BR>
<BR>
By: Mallitz Investment Group, LLC, Manager</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin:0px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px; font-size:12pt; clear:left">Craig A. Mallitz, President</P>
</TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>12</P>
<P style="line-height:10pt; margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt" align=center><B>Exhibit A &#150; Form of Second Amended and Restated Note</B></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
</BODY>
<!-- EDGAR Validation Code: 425814F9 -->
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>astv_ex10z2.htm
<DESCRIPTION>SECOND AMENDED SENIOR SECURED PROMISSORY NOTE
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>SECOND AMENDED AND RESTATED SENIOR SECURED PROMISSORY NOTE</TITLE>
<META NAME="date" CONTENT="04/06/2015">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<A NAME="_GoBack"></A><P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:2.4px; margin-bottom:0px; font-size:12pt" align=right><B>EXHIBIT 10.2</B></P>
<P style="margin-top:2.4px; margin-bottom:0px" align=justify><BR></P>
<P style="margin-top:2.4px; margin-bottom:0px; font-size:12pt" align=justify>THIS SECOND AMENDED AND RESTATED SENIOR SECURED PROMISSORY NOTE AMENDS AND RESTATES IN ITS ENTIRETY THAT CERTAIN EXISTING AMENDED AND RESTATED SENIOR SECURED PROMISSORY NOTE (THE &#147;PRIOR NOTE&#148;) DATED APRIL 3, 2014 IN THE ORIGINAL PRINCIPAL AMOUNT OF UP TO $10,180,000 MADE BY THE COMPANY AND PAYABLE TO HOLDER. &nbsp;THE INDEBTEDNESS EVIDENCED BY THE PRIOR NOTE SHALL NOW BE PAYABLE PURSUANT TO THE TERMS OF THIS SECOND AMENDED AND RESTATED SENIOR SECURED PROMISSORY NOTE. IT IS EXPRESSLY INTENDED, UNDERSTOOD AND AGREED THAT THIS NOTE SHALL REPLACE THE PRIOR NOTE AS EVIDENCE OF THE INDEBTEDNESS EVIDENCED BY THE PRIOR NOTE, AND SUCH INDEBTEDNESS SHALL BE CONSIDERED OUTSTANDING HEREUNDER FROM AND AFTER THE DATE HEREOF AND SHALL NOT BE CONSIDERED PAID (NOR SHALL THE UNDERSIGNED&#146;S OBLIGATION TO PAY THE SAME BE CONSIDERED DISCHARGED OR SATISFIED) AS A RESULT OF THE ISSUANCE OF THIS NOTE.</P>
<P style="margin-top:2.4px; margin-bottom:0px" align=justify><BR></P>
<P style="margin-top:2.4px; margin-bottom:0px; font-size:12pt" align=justify>THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. &nbsp;THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I)&nbsp;IN THE ABSENCE OF (A)&nbsp;AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B)&nbsp;AN OPINION OF COUNSEL, IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II)&nbsp;UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. &nbsp;NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.</P>
<P style="margin-top:2.4px; margin-bottom:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-family:Times New Roman Bold,Times New Roman; font-size:11pt" align=center><B><U>SECOND AMENDED AND RESTATED </U></B><FONT style="font-size:12pt"><B><U>SENIOR SECURED PROMISSORY NOTE</U></B></FONT></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=315.467 /></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; font-size:12pt">Dated Effective as of April 3, 2014</P>
</TD><TD style="margin-top:0px" valign=top width=315.467><P style="margin:0px; font-size:12pt" align=right>&nbsp;$12,676,193.00</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=315.467><P style="margin:0px; padding:0px; font-size:12pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify>AS SEEN ON TV, INC., a Florida corporation (&#147;<U>ASTV</U>&#148;), INFUSION BRANDS, INC., a Nevada corporation (&#147;<U>Infusion</U>&#148;), EDIETS.COM, INC., a Delaware corporation (&#147;<U>eDiets</U>&#148;), TV GOODS HOLDING CORPORATION, a Florida corporation (&#147;<U>TV Goods</U>&#148;), TRU HAIR, INC., a Florida corporation (&#147;<U>Tru Hair</U>&#148;), RFL Enterprises, LLC (&#147;<U>RFLE</U>&#148;), a Texas limited liability company, and RONCO FUNDING, LLC, a Delaware limited liability company (&#147;RFL&#148; and collectively with ASTV, Infusion, eDiets, TV Goods and Tru Hair, the &#147;<U>Company</U>&#148;), hereby, jointly and severally, unconditionally promise to pay, in lawful money of the United States of America and in immediately available funds, to the order of MIG7 Infusion, LLC, a Florida limited liability company, with an address of 8043 Cooper Creek Blvd, Suite #208, University Park FL 34201, or its assignee (&#147;<U>Holder</U>&#148;), the principal amount of TWELVE MILLION SIX HUNDRED SEVENTY SIX THOUSAND ONE HUNDRED NINETY THREE DOLLARS AND 00/100 CENTS ($12,676,193.00) or so much thereof as may be disbursed and remain </P>
<P style="margin-top:0px; margin-bottom:16px" align=justify><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>outstanding from time to time hereafter pursuant to and in accordance with that certain Senior Note Purchase Agreement among the Company and the Purchaser, dated on or about April 3, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the &#147;<U>Note Purchase Agreement</U>&#148;). Absent manifest error, the records of Holder shall be conclusive as to amounts borrowed and owed under this Second Amended and Restated Senior Secured Promissory Note (this &#147;<U>Note</U>&#148;).</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify>This Note is secured pursuant to and as described in that certain Security Agreement and Pledge Agreement by and among the Company and the Purchaser dated on or about April 3, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the &#147;<U>Security Agreement</U>&#148; and &#147;<U>Pledge Agreement</U>,&#148; respectively).</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify>This Note was issued pursuant to the Note Purchase Agreement, is the Note referred to in the Note Purchase Agreement and is entitled to the benefits and is subject to the terms and conditions of the Note Purchase Agreement and the other Transaction Documents (as defined therein). The Note Purchase Agreement contains terms governing the rights of the Holder of this Note and all provisions of the Note Purchase Agreement are hereby incorporated herein in full by reference. Except as otherwise indicated herein, capitalized terms used in this Note have the same meanings set forth in the Note Purchase Agreement.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify><B>Interest</B>. Subject to the other provisions of this Note, interest shall accrue on the unpaid principal balance of this Note, at the rate of fourteen percent (14%) per annum (computed on the basis of a 360-day year and the actual number of days elapsed in a year) (the &#147;<U>Interest Rate</U>&#148;), commencing on April 3, 2014, which interest shall be paid as follows: (1) accrued interest as of April 27, 2015 in the amount of $113,793 has been added to the principal amount of this Note, (2) interest that accrues from April 28, 2015 through April 2, 2016 shall be paid on the Maturity Date; and (3) all interest that accrues after April 2, 2016 shall be paid on a quarterly basis on the fifth (5th) day of each calendar quarter until all amounts due hereunder are repaid in full.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify><B>Principal</B>. The Company shall pay the principal amount of <FONT style="font-size:12.5pt">TWELVE MILLION SIX HUNDRED SEVENTY SIX THOUSAND ONE HUNDRED NINETY THREE DOLLARS AND 00/100 CENTS ($12,676,193.00) </FONT>(or such lesser principal amount advanced under this Note and then outstanding), together with all accrued and unpaid interest thereon, to the Holder on the Maturity Date. This Note shall mature and become payable in full on April 3, 2017 (the &#147;<U>Maturity Date</U>&#148;); provided that the Maturity Date shall automatically be extended to April 3, 2018 if (a) ASTV completes a public offering of its common stock prior to June 20, 2016 that results in ASTV raising net proceeds of at least $14,000,000, at least $10,000,000 of which must be immediately applied to pay this Note (a &#147;Qualified Offering&#148;), and (b) no Event of Default is then in existence (the &#147;<U>Extension Requirements</U>&#148;). If the Company does not meet the Extension Requirements, the Maturity Date will not be extended without the prior written approval of the Holder.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify><B>Voluntary Prepayments</B>. The Company may, at any time and from time to time upon thirty (30) days advance written notice to Holder, prepay all or a portion of the principal amount outstanding under this Note, together with all accrued and unpaid interest thereon, and any and all other obligations due and payable under the Note Purchase Agreement and the other Transaction Documents. </P>
<P style="margin-top:0px; margin-bottom:16px" align=justify><BR>
<BR></P>
<P style="margin:0px; font-size:11pt" align=center>2</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify><B>Events of Default</B>. Upon and during the continuation of an Event of Default (as defined in the Note Purchase Agreement), the unpaid principal balance of the Loan evidenced by this Note may be declared, and immediately shall become, due and payable without demand, notice or legal process of any kind; <I>provided</I>, that upon the occurrence of an Event of Default pursuant to the provisions of Section 6.1(iv) of the Note Purchase Agreement, the unpaid principal balance of the Loan evidenced by this Note shall automatically and immediately become due and payable, without demand, notice or acceleration of any kind whatsoever.</P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify>Upon and during the continuation of an Event of Default, to the extent permitted by law, the rate of interest on the unpaid principal shall be increased at the Holder's discretion up to the lesser of (i) 18 percent or (ii) the maximum rate of interest permitted by law (such lesser amount, the &#147;<U>Default Rate</U>&#148;). The provisions herein for a Default Rate shall not be deemed to extend the time for any payment hereunder or to constitute a &quot;grace period&quot; giving the Company or any other Obligor a right to cure any default. At the Holder's option, any accrued and unpaid interest, fees or charges may, for purposes of computing and accruing interest on a daily basis after the due date of this Note or any installment thereof, be deemed to be a part of the principal balance, and interest shall accrue on a daily compounded basis after such date at the Default Rate provided in this Note until the entire outstanding balance of principal and interest is paid in full. The Holder is hereby authorized at any time to set off any charge against any money, instruments, securities, documents, chattel paper, credits, claims, demands, income and any other property, rights and interests of any Obligor which at any time shall come into the possession or custody or under the control of the Holder or any of its agents, affiliates or correspondents, without notice or demand, any and all obligations due hereunder. Additionally, the Holder shall have all rights and remedies available under each of the Transaction Documents, as well as all rights and remedies available at law or in equity. Any judgment rendered on this Note shall bear interest at the Default Rate.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify><B>Place of Payment</B>. Payments of principal of and interest on this Note are to be delivered to the following address:</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:240px; font-size:12pt" align=justify>MIG7 Infusion, LLC</P>
<P style="margin:0px; padding-left:240px; font-size:12pt" align=justify>8043 Cooper Creek Blvd, Suite #208</P>
<P style="margin:0px; padding-left:240px; font-size:12pt" align=justify>University Park FL 34201 </P>
<P style="margin:0px; padding-left:240px; font-size:12pt" align=justify>Attention: Craig Mallitz, President</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=justify>or to such other address or to the attention of such other person as specified by the Holder by prior written notice to MIG7 Infusion, LLC.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify>Payments received in respect of this Note at or before 5:00 p.m. Eastern Time on any Business Day shall be deemed received by the Holder on such Business Day. Payments received in respect of this Note on any day that is not a Business Day, or after 5:00 p.m. Eastern Time on any Business Day, shall be deemed received by the Holder on the next succeeding Business Day. Payments received in respect of this Note shall be applied as provided in the Note Purchase Agreement.</P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify>The Company shall pay the cost of any revenue, documentary, stamp or other tax now or hereafter required by any applicable law, at any time, to be affixed to this Note or the instruments securing this Note and if any tax shall be imposed with respect to the indebtedness evidenced by this Note or secured by said instruments, the Company shall pay to Holder the amount of any such tax, </P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin:0px; font-size:11pt" align=center>3</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=justify>together with any and all penalties, fines, interest or late fees imposed thereon by the appropriate governmental authority having jurisdiction over the imposition, collection or enforcement of any such tax.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify>The Company, any indorser, or guarantor hereof or any other party hereto (individually an &#147;<U>Obligor</U>&#148; and collectively &#147;<U>Obligors</U>&#148;) and each of them jointly and severally: (a) waive presentment, demand, protest, notice of demand, notice of intent to accelerate, notice of acceleration of maturity, notice of protest, notice of nonpayment, notice of dishonor, and any other notice required to be given under the law to any Obligor in connection with the delivery, acceptance, performance, default or enforcement of this Note, any endorsement or guaranty of this Note, or any other documents executed in connection with this Note or any other Transaction Document; (b) consent to all delays, extensions, renewals or other modifications of this Note or the other Transaction Documents, or waivers of any term hereof or of the other Transaction Documents, or release or discharge by the Holder of any of Obligors, or release, substitution or exchange of any security for the payment hereof, or the failure to act on the part of the Holder, or any indulgence shown by the Holder (without notice to or further assent from any of Obligors), and agree that no such action, failure to act or failure to exercise any right or remedy by the Holder shall in any way affect or impair the obligations of any Obligors or be construed as a waiver by the Holder of, or otherwise affect, any of the Holder's rights under this Note, under any endorsement or guaranty of this Note or under any of the other Transaction Documents; and (c) agree to pay, on demand, all reasonable costs and expenses of collection or defense of this Note or of any endorsement or guaranty hereof and/or the enforcement or defense of the Holder's rights with respect to, or the administration, supervision, preservation, protection of, or realization upon, any property securing payment hereof, including, without limitation, reasonable attorney's and paralegal's fees, including fees related to any suit, mediation or arbitration proceeding, out of court payment agreement, trial, appeal, bankruptcy proceedings or other proceeding, in such amount as may be determined reasonable by any arbitrator or court, whichever is applicable.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify>Obligors agree to promptly pay, indemnify and hold the Holder harmless from all state and federal taxes of any kind and other liabilities (other than taxes on income realized by the Holder) with respect to or resulting from the execution and/or delivery of this Note or any advances made pursuant to this Note.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify>The failure at any time of the Holder to exercise any of its options or any other rights hereunder shall not constitute a waiver thereof, nor shall it be a bar to the exercise of any of its options or rights at a later date. All rights and remedies of the Holder shall be cumulative and may be pursued singly, successively or together, at the option of the Holder. The acceptance by the Holder of any partial payment shall not constitute a waiver of any default or of any of the Holder's rights under this Note. No waiver of any of its rights hereunder, and no modification or amendment of this Note, shall be deemed to be made by the Holder unless the same shall be in writing, duly signed on behalf of the Holder; each such waiver shall apply only with respect to the specific instance involved, and shall in no way impair the rights of the Holder or the obligations of any Obligor to the Holder in any other respect at any other time.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="margin:0px; font-size:11pt" align=center>4</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify><B>THIS NOTE SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF FLORIDA WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES).</B> Whenever possible each provision of this Note shall be interpreted in such manner as to be effective and valid under applicable law, but in case any provision of or obligation under this Note shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. Whenever in this Note reference is made to Holder or the Company, such reference shall be deemed to include, as applicable, a reference to their respective successors and assigns. The provisions of this Note shall be binding upon the Company and its successors and permitted assigns, and shall inure to the benefit of Holder and its successors and assigns<B><I> </I></B>provided, however, that no obligations of the Company or any other Obligor hereunder can be assigned or delegated without prior written consent of the Holder.</P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify>In addition to and without limitation of any of the foregoing, this Note shall be deemed to be a Transaction Document and shall otherwise be subject to all of the general terms and conditions contained in Section&nbsp;7 of the Note Purchase Agreement, <I>mutatis mutandi</I>.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>[SIGNATURE PAGE FOLLOWS]</P>
<P style="margin-top:0px; margin-bottom:16px" align=justify><BR>
<BR></P>
<P style="margin:0px; font-size:11pt" align=center>5</P>
<P style="margin:0px"><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt" align=justify>IN WITNESS WHEREOF, the Company has executed and delivered this Second Amended and Restated Senior Secured Promissory Note as of the date first set forth above.</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=319.2 /><TD width=319.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">INFUSION BRANDS, INC.</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">AS SEEN ON TV, INC.</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">EDIETS.COM, INC.</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">TV GOODS HOLDING CORPORATION</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">TRU HAIR, INC. </P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">RONCO FUNDING, LLC</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px; font-size:12pt">RFL Enterprises, LLC </P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Name:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; clear:left; float:left">Title:</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:-2px; font-size:12pt">____________________________</P>
</TD><TD style="margin-top:0px" valign=top width=319.2><P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
</TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:10pt; margin:0px; font-size:12pt">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; font-size:9pt" align=center>Signature Page to Second Amended and Restated Senior Secured Promissory Note</P>
<P style="margin:0px"><BR></P>
</BODY>
<!-- EDGAR Validation Code: 0BEB7171 -->
</HTML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
