EXHIBIT 10.19

FX TRADING MASTER AGREEMENT

FX TRADING MASTER AGREEMENT (the “Agreement”) dated as of December 9, 2011
between HSBC Bank USA, National Association (“HSBC”) and Infosonics Corporation
(the “Counterparty”).

1. Master Agreement.

HSBC and Counterparty have entered and may from time to time enter into spot
and/ or forward foreign exchange transactions and/or foreign currency options
(collectively, “Transactions”). This Agreement, together with each Transaction
and each confirmation evidencing the Transactions, and any supplements,
modifications or amendments thereto, shall constitute a single agreement among
the parties with respect to the subject matter hereof. All Transactions are
entered into in reliance on the fact that this Master Agreement and all
Confirmations form a single agreement between the parties (collectively referred
to as this “Agreement”), and the parties would not otherwise enter into any
Transaction. Except as otherwise expressly provided herein, in the event of any
inconsistency between the provisions contained in this Agreement and the
provisions contained in any Transaction or confirmation, the terms of such
Transaction or confirmation will prevail.

2. Early Termination Date.

(a) If any of the following events (each an “Event of Default”) shall occur and
be continuing with respect to Counterparty: (i) Counterparty shall fail to make,
when due, any payment or delivery required to be made by it under any
Transaction or this Agreement if such failure is not remedied on or before the
second Business Day after notice of such failure is given to such party;
(ii) any representation or warranty made by Counterparty pursuant to this
Agreement shall be incorrect in any material respect as of the time made;
(iii) Counterparty shall fail to give adequate assurances of its ability to
perform any of its obligations hereunder within two (2) Business Days of a
written request to do so when HSBC has reasonable grounds for insecurity; (iv) a
default or event of default shall have occurred in respect of any indebtedness
for borrowed money of Counterparty or its credit support provider, if any; or
(v) Counterparty or its credit support provider (1) is dissolved; (2) becomes
insolvent or is unable to pay its debts or fails or admits in writing its
inability generally to pay its debts as they become due; (3) makes a general
assignment, arrangement or composition with or for the benefit of its creditors;
(4) institutes or has instituted against it a proceeding seeking a judgment of
insolvency or bankruptcy or any other relief under any bankruptcy or insolvency
law or other similar law affecting creditors’ rights, or a petition is presented
for its winding-up or liquidation, and, in the case of any such proceeding or
petition instituted or presented against it, such proceeding or petition
(A) results in a judgment of insolvency or bankruptcy or the entry of an order
for relief or the making of an order for its winding-up or liquidation or (B) is
not dismissed, discharged, stayed or restrained in each case within 30 days of
the institution or presentation thereof; (5) has a resolution passed for its
winding-up, official management or liquidation; (6) seeks or becomes subject to
the appointment of an administrator, provisional liquidator, conservator,
receiver, trustee, custodian or other similar official for it or for all or
substantially all its assets; (7) has a secured party take possession of all or
substantially all its assets or has a distress, execution, attachment,
sequestration or other legal process levied, enforced or sued on or against all
or substantially all its assets and such secured party maintains possession, or
any such process is not dismissed, discharged, stayed or restrained, in each
case within 30 days thereafter; (8) causes or is subject to any event with
respect to it which, under the applicable laws of any jurisdiction, has an
analogous effect to any of the events specified in clauses (1) to
(7) (inclusive); or (9) takes any action in furtherance of, or indicating its
consent to, approval of, or acquiescence in, any of the foregoing acts; then,
HSBC may, by not more than 20 days’ notice to Defaulting Party, designate an
early termination date (the “Early Termination Date”) in respect of all (but not
less than all) outstanding Transactions.

(b) If a notice designating an Early Termination Date is given, the Early
Termination Date will occur with respect to all Transactions on the date so
designated, whether or not the relevant Event of Default is then continuing.
Upon the designation of an Early Termination Date, no further payments or
deliveries under any Transaction will be required to be made, but without
prejudice to the other provisions of this Agreement.

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(c) On or as soon as reasonably practicable following the designation of an
Early Termination Date, HSBC will (x) determine its loss or gain with respect to
each outstanding Transaction (which determination shall be made in good faith
and in a commercially reasonable manner, including, without limitation, based on
market quotations or on its estimates of the amounts that would be paid for
replacement transactions and which shall take into account any amounts which are
owed but remain unpaid in respect of outstanding Transactions), (y) convert all
such gains and losses into US Dollars and net all such gains and losses and
(z) provide to Counterparty a statement showing, in reasonable detail, such
calculations and notify the Defaulting Party of the date on which such net
amount (the “Settlement Amount”) shall be payable (the “Settlement Date”), which
date shall be not earlier than the day such notice is effective. The Settlement
Amount calculated pursuant to the previous sentence shall be paid by the party
with a net gain to the party with the corresponding net loss subject to, in the
case HSBC is the payer, all applicable rights of set-off, including those
provided in section 4 of this Agreement.

(d) Upon payment in full by the Counterparty or HSBC, as the case may be, of the
Settlement Amount, all obligations of the Counterparty and HSBC in respect of
the Transactions and this Agreement shall be satisfied in all respects and no
further payments shall be due and owing from HSBC or the Counterparty in respect
of the Transactions and this Agreement.

3. Representations and Warranties.

Counterparty represents to HSBC (which representations will be deemed to be
repeated by Counterparty on each date on which a Transaction is entered into
that: (a) it is duly organized and validly existing under the laws of the
jurisdiction of its organization or incorporation and it has full power and
authority to execute, deliver and perform this Agreement and each Transaction;
(b) the execution, delivery and performance of this Agreement and each
Transaction have been duly authorized by all necessary corporate action and do
not and will not contravene any requirement of law, its charter or by-laws or
any contractual restriction or agreement binding on or affecting such party or
its assets; (c) this Agreement and each Transaction hereunder have been duly and
properly executed and delivered by it and constitute its legal, valid and
binding obligations enforceable in accordance with their respective terms;
(d) it is an “eligible contract participant” within the meaning of the U.S.
Commodity Exchange Act, as amended; (e) HSBC is not acting as a fiduciary or
financial or investment advisor for it; (f) it is not relying upon any advice,
counsel or representations of HSBC other than the representations expressly set
forth in this Agreement; (g) HSBC has not given to it any assurance, guarantee,
or representation as to the expected or projected success, profitability,
return, performance, result, effect, consequence, or benefit of this Agreement
or any Transaction; (h) it has consulted with its own legal, tax, accounting and
other advisors to the extent it has deemed necessary, and it has made its own
investment, hedging and trading decisions based upon its own judgment and upon
any advice from such advisors as it has deemed necessary and not upon any view
expressed by HSBC; and (i) it is entering into this Agreement and such
Transaction with a full understanding of all of the terms, conditions and risks
hereof and thereof, and it is capable of assuming and willing to assume
(financially and otherwise) those risks.

4. Right of Set off.

Notwithstanding anything to the contrary contained in this Agreement, if HSBC
would owe amounts to Counterparty under Section 2(c) of this Agreement, HSBC
shall be entitled, at its option, to reduce such amount by its set-off against
any amount(s) (the “Other Agreement Amount”) payable (whether at such time or in
the future or upon the occurrence of a contingency) by Counterparty to HSBC
(irrespective of the currency, place of payment or booking office of the
obligation) under any other agreement(s) between the parties or instrument(s) or
undertaking(s) issued or executed by one party to, or in favor of, the other
party (and the Other Agreement Amount will be discharged promptly and in all
respects to the extent it is so set-off).

For this purpose, the Other Agreement Amount (or the relevant portion of such
amounts) may be converted into U.S. Dollars at the rate of exchange at which
HSBC would be able, acting in a reasonable manner and in good faith, to purchase
the relevant amount of such currency. If an obligation is unascertained, HSBC
may in good faith estimate that obligation and set-off in respect of the
estimate, subject to the relevant party accounting to the other when the
obligation is ascertained.

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5. Escrow.

With respect to any date on which both parties are required to make payment
hereunder, either party may at its option and in its sole discretion notify the
other party that payments on that date are to be made in escrow. In this case
deposit of the payment due earlier on that date shall be made by 2.00 pm (local
time at the place for the earlier payment) on that date with an escrow agent
selected by the party giving the notice, accompanied by irrevocable payment
instructions (i) to release the deposited payment to the intended recipient upon
receipt by the escrow agent of the required deposit of the corresponding payment
from the other party on the same date accompanied by irrevocable payment
instructions to the same effect or (ii) if the required deposit of the
corresponding payment is not made on that same date, to return the payment
deposited to the party that paid it into escrow. The party who elects to have
payments made in escrow shall pay the costs of the escrow arrangements and shall
cause those arrangements to provide that the intended recipient of the payment
due to be deposited first shall be entitled to interest on that deposited
payment for each day in the period of its deposit at the rate offered by the
escrow agent for that day for overnight deposits in the relevant currency in the
office in which it holds that deposited payment (at 11.00 am local time on that
day) if that payment is not released by 5.00 pm local time on the date it is
deposited for any reason other than the intended recipient’s failure to make the
escrow deposit it is required to make hereunder in a timely fashion.

6. Settlement

(a) General. Each party will pay or deliver any amount payable by it in respect
of a Transaction for value on the settlement date specified in the Confirmation
in freely transferable funds and in the manner customary for payments in the
required currency.

(b) Netting Payments in the Same Currency. Unless otherwise agreed in a
Confirmation, payments due under one or more Transactions from one party on any
day will be set-off against payments due from the other party in the same
currency on the same day so that only the net amount due from one party to the
other in a particular currency will be paid on that date.

7. Miscellaneous

(a) Amendments. No amendment, modification or waiver in respect of this
Agreement will be effective unless in writing (including a writing evidenced by
a facsimile transmission) and executed by each of the parties.

(b) Counterparts and Confirmations. This Agreement (and each amendment,
modification and waiver in respect of it) may be executed and delivered in
counterparts (including by facsimile transmission), each of which will be deemed
an original. The parties intend that they are legally bound by the terms of each
Transaction from the moment they agree to those terms (whether orally or
otherwise). HSBC will prepare and send to Counterparty a confirmation for each
Transaction as soon as practicable.

(c) No Waiver of Rights. A failure or delay in exercising any right, power or
privilege in respect of this Agreement will not be presumed to operate as a
waiver, and a single or partial exercise of any right, power or privilege will
not be presumed to preclude any subsequent or further exercise, of that right,
power or privilege or the exercise of any other right, power or privilege.

(d) Expenses. Counterparty will, on demand, indemnify and hold harmless HSBC for
and against all reasonable out-of-pocket expenses, including legal fees,
incurred by HSBC by reason of the enforcement and protection of its rights under
this Agreement or any Transaction or by reason of the early termination of any
Transaction, including, but not limited to, costs of collection.

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(e) Notices. Unless otherwise specified, all notices and other communications to
be given to a party hereunder shall be given to the address, telex (if confirmed
by the appropriate answerback), telecopy (confirmed if requested) or telephone
number and to the individual or department specified by such party below or such
other address, telex, telecopy or telephone number as such party may hereafter
specify for the purpose by notice given in accordance with this Section. Unless
otherwise specified, any notice, instruction or other communication, shall be
effective upon receipt if given in accordance with this Section.

(f) Telephonic Recording. Each party hereby agrees that the other party may
electronically record telephone conversations between the parties (including
(i) any director, officer, employee, agent or representative thereof, and
(ii) any affiliate or branch thereof). The parties further agree that (insofar
as may be permitted by law) any such recording may be submitted in evidence to
any court or in any formal proceeding for any purpose relating to this Agreement
or any Transaction.

(g) Governing Law. (i) This agreement shall be construed in accordance with and
governed by the law of the state of New York without reference to choice of law
doctrine.

(ii) Counterparty hereby irrevocably agrees that any suit, legal action or
proceeding with respect to this Master Agreement or any suit, legal action or
proceeding to execute or otherwise enforce any judgment obtained against it or
against its property may be brought in the courts of the State of New York or of
the United States of America located in New York, New York or in any other
jurisdiction where its assets may be located, as HSBC may elect, and by
execution and delivery of this Master Agreement Counterparty irrevocably submits
to the jurisdiction of such courts for the purpose of any suit, legal action or
proceeding, waives any and all objections as to inconvenient forum and the like
and consent to service of all writs, process and summonses in any such suit,
legal action or proceeding brought in such courts by certified or registered
mail, postage prepaid, to its address as listed below. Nothing herein contained
shall prevent HSBC from serving process or commencing proceedings in any other
manner or jurisdiction permitted by applicable law.

(h) Waiver of Trial by Jury. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY AND ALL
RIGHT TO TRIAL BY JURY IN ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR ANY TRANSACTION.

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

 

HSBC BANK USA, NATIONAL ASSOCIATION     INFOSONICS CORPORATION By:  

    /s/ Andrew Hiatala

    By:  

    /s/ Vernon A. LoForti

Name:   Andrew Hiatala     Name:   Vernon A. LoForti Title:   Vice President    
Title:   Vice President and Chief Financial Officer 452 Fifth Avenue    
Telephone: (858) 373-1675 New York, NY 10018     Facsimile: (858) 373-1503