Exhibit 10.7

                                    AGREEMENT

         This agreement  ("AGREEMENT")  dated as of October 19, 2006 ("Effective
Date") is made by and between SOYO, INC.  ("Soyo") a Nevada  corporation  having
its principal  place of business at 1420 South Vintage  Avenue Ontario CA 91761,
and CORION  INDUSTRIAL CORP USA ("Corion") a California  corporation  having its
principal  address at 2050  Ringwood Ave San Jose CA 95131.  Soyo and Corion are
sometimes collectively referred to in this Agreement as the "Parties"

         A. Corion is  currently  selling  and has in the past sold  products to
Soyo; and

         B. Soyo has  incurred a debt to Corion for products  purchased  between
January 2006 and March 2006, in the amount of $8,033,529.00; and

         C. Soyo has been  servicing  this debt to Corion and as of October  19,
2006, there remains an outstanding  balance owed to Corion of $4,252,682.00 (the
"Debt"); and

         D.  The  Parties  desire  to  reach a  mutually  beneficial  settlement
relating to this Debt and to resolve other issues which have arisen  between the
Parties.

         In consideration of the foregoing, the Parties agree, promptly upon the
execution  of this  Agreement,  to negotiate  and enter into an agreement  which
shall contain the following provisions,  as well as such other provisions as the
Parties may agree upon:

     1.   Soyo  agrees  to  pay  Corion  the  sum  of  Fifty  Thousand   dollars
          ($50,000.00)  each week  until the total sum of  payments  equals  the
          amount of the Debt.

     2.   Notwithstanding the foregoing,  Soyo shall have the right, at its sole
          discretion,  to defer four (4) payments during each calendar  quarter.
          Two (2) of these payments shall be deferred until the calendar quarter
          following their deferral on a date selected by Soyo, and the remaining
          two (2) payments  shall be paid in weekly  installments  following all
          regularly scheduled payments,  but in any event not later than October
          1, 2008.

     3.   Each of the Parties shall characterize Debt as a long term debt.

     4.   No interest shall be charged on the Debt.

     5.   Soyo shall pay the Debt in full by no later than October 1, 2008.

     6.   Until the Debt is paid in full, and subject to paragraph 8 below, Soyo
          agrees not to give any other supplier a consensual  lien with priority
          senior  that of Corion,  except  for  purchase  money  liens and other
          similar interests.

     7.   Upon execution of this  Agreement,  and in anticipation of any further
          agreements  between the Parties,  Corion shall  terminate  any and all
          existing  financing  statements  filed  with any and all  governmental
          authorities,   and  Corion  hereby   authorizes   Soyo  to  file  some


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          termination   statements  as  Soyo  may  determine  are  necessary  or
          appropriate to achieve the foregoing.

     8.   Corion understands that Soyo is indebted to Eastech Electronics,  Inc.
          ("Eastech") for product purchased by Soyo. Corion agrees that Soyo may
          grant to Eastech a security  interest  in Soyo's  assets and  accounts
          pari passu with any security interest granted by Soyo to Corion.

     9.   As long as Soyo is not in default of this Agreement, Corion agrees not
          to  be a  party  to  any  organized  effort  to  force  Soyo  into  an
          involuntary bankruptcy filing.

     10.  This  Agreement  constitutes  the entire  agreement and  understanding
          between the Parties and integrates all prior discussions  between them
          related to the subject matter hereof. This Agreement shall be governed
          under  the laws of the  State of  California.  In the  event  that any
          provision of this Agreement is held invalid or  unenforceable  for any
          reason, such invalidity or unenforceability  shall attach only to such
          provision and shall not affect or render  invalid any other  provision
          of this Agreement. If any legal action, including arbitration,  arises
          relating to this Agreement,  the prevailing party shall be entitled to
          recover its court  costs,  expenses  and  reasonable  attorneys'  fees
          incurred because of that legal action.

The Parties  recognize  that the foregoing  constitute  only a part of the terms
which will be contained in the agreement or agreements covering the repayment of
the Debt and resolution of other disputes between the Parties.



Soyo, Inc.                                   Corion Industrial Corp USA



By    /s/ Nancy Chu                          By    /s/ Tony Hu
  --------------------------------             ---------------------------------
Name  Nancy Chu                              Name  Tony Hu
    ------------------------------               -------------------------------
Title CFO                                    Title President
     -----------------------------                ------------------------------








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