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**ACCORD      AND SATISFACTION**

| 1. | The                Company shall issue, or cause to be issued, to Russell and Group,                One                Hundred Thirty Seven Thousand Five Hundred (137,500) shares of restricted                common stock, $0.001 par value, of SOMD (the                “Shares”). |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Russell                and Group agrees to accept the Shares in full and complete settlement                and                satisfaction of all covenants, representations, warranties, obligations,                liabilities, costs and expenses provided for in the Settlement Agreement,                or referred to therein, or any document giving rise thereto including,                but                not limited to, any promissory notes, guarantees, lines of credit                agreements or other financing                agreements. |
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| 3. | Certificates                evidencing the Shares shall be issued in the following names and                amounts: |
|----|----------------------------------------------------------------------------------------------------------------------|

|  Russell H. Ritchie                                          |  53,000                shares  |
|-------------------------------------------------------------------|-------------------------------------|
|  Russell H. Ritchie                                     |  40,900                shares  |
|  Cornerstone Wireless Communications,              LLC  |  23,600                shares  |
|  Fidelity Insurance Company,              Ltd,               |                                |
|   FBO              SA 0456                         |  20,000                shares  |
|      Total                               |  137,500                shares |

| 4. | The                Shares, when issued shall be deemed fully paid and non-assessable                and                without any restriction of any nature other than as shall be imposed                by                Rule 144 promulgated under the Securities Exchange Act of 1933, as                amended. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | Each                time that the Company proposes to Register a public offering solely                of its                Common Stock (not including an offering of Common stock issuable                upon                conversion or exercise of other securities), other than pursuant                to a                Registration Statement on Form S-4 or Form S-8 or similar or successor                forms (collectively,"Excluded Forms"), the Company shall promptly                give                written notice of such proposed Registration to all holders of Shares,                which shall offer such holders the right to request inclusion of                any                Registrable Securities in the proposed Registration. The holder may                request inclusion of any Registrable Shares in such Company Registration                by delivering to the Company, within 10 days after receipt of the                Registration Notice, a written notice (the "Piggyback Notice") stating                the                number of Registrable Shares proposed to be included and that such                shares                are to be included in any underwriting only on the same terms and                conditions as the shares of Common Stock otherwise being sold through                underwriters under such Registration. The Company shall use its reasonable                efforts to cause all Registrable Shares specified in the Piggyback                Notice                to be included in the Company Registration and any related offering,                all                to the extent requisite to permit the sale by the holder of such                Registrable Shares in accordance with the method of sale applicable                to the                other shares of Common Stock included in the Company                Registration. |
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| 6. | Russell                and Group, and each person comprising such group, on behalf of                himself/itself and on behalf of their respective attorneys, accountants,                insurers, agents, personal representatives, survivors, heirs, successors,                and assigns, hereby releases and forever discharges the Company and                its                past and present affiliates and subsidiaries, and their respective                officers, directors, shareholders, partners, principals, employees,                attorneys, accountants, consultants, insurers, agents, representatives,                servants, predecessors, successors, heirs and assigns (collectively,                "the                Company Parties"), of and from any and all claims, debt, demands,                obligations, losses, actions and causes of action, costs, expenses,                attorneys' fees and liabilities of any nature whatsoever, whether                based on                contract, tort, statutory or other legal or equitable theory of recovery,                whether known or unknown, which the Russell and Group, or any member                thereof, has, had or claims to have against any or all of the Company                Parties, including but not limited to (i) covenants, representations,                warranties, obligations, liabilities, costs and expenses provided                for in                the Settlement Agreement, or any document referred to in or giving                rise to                the Settlement Agreement including, but not limited to, any promissory                notes, guarantees, lines of credit agreements or other financing                agreements, (ii) any business or personal relationship between the                parties                prior to the date of this Release, or (iii) other monetary or other                valuable consideration claimed, whether accrued or not, from the                beginning                of time to the effective date of this                Agreement. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | The                Company, on behalf of itself and its past and present affiliates                and                subsidiaries, and their respective officers, directors, shareholders,                partners, principals, employees, attorneys, accountants, consultants,                insurers, agents, representatives, servants, predecessors, successors,                heirs and assigns (collectively, “the Russell Parties”), hereby releases                and forever discharges Russell and Group, and each person comprising                such                group, and their respective attorneys, accountants, insurers, agents,                personal representatives, survivors, heirs, successors, and assigns,                of                and from any and all claims, debt, demands, obligations, losses,                actions                and causes of action, costs, expenses, attorneys' fees and liabilities                of                any nature whatsoever, whether based on contract, tort, statutory                or other                legal or equitable theory of recovery, whether known or unknown,                which the                Company has, had or claims to have against any or all of the Russell                Parties, or any member thereof, including but not limited to any                and all                claims which relate to, arise from, or are in any manner connected                to (i)                covenants, representations, warranties, obligations, liabilities,                costs                and expenses provided for in the Settlement Agreement, or any document                referred to in or giving rise to the Settlement Agreement including,                but                not limited to, any promissory notes, guarantees, lines of credit                agreements or other financing agreements, (ii) any business or personal                relationship between the parties prior to the date of this Release,                or                (iii) other monetary or other valuable consideration claimed, whether                accrued or not, from the beginning of time to the effective date                of this                Agreement. |
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| 8. | Each                party represents and warrants that he has the authority to enter                into and                be bound by this Agreement. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | This                Agreement constitutes and embodies the full and complete understanding                of                the parties hereto with respect to the subject matter hereof and                supersedes all prior or contempora-neous understandings, agree-ments                or                representa-tions, whether oral or in writing, and all such agree-ments                shall be and hereby are deemed canceled and terminated and the terms                thereof shall be null and void and this Agreement shall be the sole                agreement between the parties hereto. This Agreement may only be                amended,                modified or changed by written instrument executed by all parties                hereto. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | In                the event that any provision of this Agreement is rendered or declared                to                be partially or wholly invalid, illegal or unenforceable by subsequent                legislation or by decree of a court of last resort, then such provision                shall be deemed to be modified or restricted to the extent necessary                to                make such provision valid, binding and enforceable or, if such a                provision                cannot be modified or restricted in such a manner so as to make such                provision valid, binding and enforceable, then such provision shall                be                deemed to be excised from this Agreement and the validity, binding                effect                and enforceability of the remaining provisions of this Agreement                shall not                be affected or impaired in any manner and shall remain in full force                and                effect. |
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| 11. | This                Agreement shall be governed by, interpreted, performed and construed                in                accordance with the laws of the State of Arizona. The State of Arizona,                County of Maricopa shall be the jurisdiction, forum and venue for                litigation, trial, arbitration or mediation of any dispute which                may arise                between the parties hereto concern-ing the formation, execution,                performance or breach of this Agreement, or of any alleged tort arising                from the transactions which form the subject matter                hereof. |
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| 12. | This                Agreement shall inure to the benefit of and be binding upon the parties                hereto and their respective successors and                assigns. |
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| 13. | Each                of the parties agrees to execute, acknowl-edge and deliver all further                instruments and documents and to take such further action as may                be                reason-ably required in order to effectuate the terms and purposes                of this                Agreement. |
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| 14. | Each                of the parties hereto have independently consulted with legal counsel                of                its own selection in connection with the negotiation, preparation                and                execution of this Agreement, and is not relying upon the legal counsel                of                the other party in connection                herewith. |
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| 15. | Any                duly executed facsimile copy of this Agreement shall be deemed to                be, and                shall be, legally effective as though it were an original, pending                the                subsequent exchange of hard copy originals or counterparts duly executed                by the parties hereto as may be required by law or agreed to in writing                by                all of the Parties hereto. |
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| 16. | This                Agreement may be executed in any number of counterparts, each of                which                when executed and delivered shall be deemed an original, but all                of which                shall together constitute one and the same                instrument. |
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|  STUDIO ONE MEDIA, INC.     |   |                                                |   |
|----------------------------------|--------|-----------------------------------------------------|--------|
|                             |   |                                                |   |
|                             |   |                                                |   |
|  Preston J. Shea, President |   |  Russell H. Ritchie,              Individually |   |
|                             |   |                                                |   |
|                             |   |                                                |   |
|                             |   |  Dale E. Riker, Individually                   |   |
|                             |   |                                                |   |
|                             |   |                                                |   |
|                             |   |  CORNERSTONE WIRELESS                          |   |
|                             |   |  COMMUNICATIONS, LLC.                          |   |
|                             |   |                                                |   |
|                             |   |  By:                                           |   |
|                             |   |  Russell H. Ritchie                            |   |
|                             |   |                                                |   |
|                             |   |  Title:                                        |   |
|                             |   |                                                |   |
|                             |   |                                                |   |
|                             |   |  SUNTINE ENTERPRISES, LLC                      |   |
|                             |   |                                                |   |
|                             |   |  By:                                           |   |
|                             |   |  Larry Kohler                                  |   |
|                             |   |                                                |   |
|                             |   |  Title:                                        |   |
|                             |   |                                                |   |
|                             |   |                                                |   |
|                             |   |  FIDELITY INSURANCE COMPANY,              LTD. |   |
|                             |   |  FBO Account # SA 0456                         |   |
|                             |   |                                                |   |
|                             |   |  By:                                           |   |
|                             |   |  Larry Kohler                                  |   |
|                             |   |                                                |   |
|                             |   |  Title:                                        |   |
|                             |   |                                                |   |

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