Document:

ex10-2.htm

    Exhibit 10.2

     

    SETTLEMENT
      AGREEMENT AND
      GENERAL RELEASE

    

    

    THIS
      SETTLEMENT AGREEMENT AND GENERAL
      RELEASE (“Agreement”) is made and entered into as of January 17,
      2008,  by and between plaintiff Rosemary Nguyen (“Plaintiff” or
“Nguyen”) on the one hand, and defendants Winston Johnson (“Johnson”) and
      WinSonic Digital Media Group, Inc. (“WinSonic”) (collectively, “Defendants”) on
      the other hand.  This Agreement also will refer to Plaintiff and
      Defendants individually as “Party” and to Plaintiff and Defendants collectively
      as “Parties.”

    

    RECITALS

    

    A. WinSonic
      became indebted to Plaintiff
      as of September 3, 2004, in the amount of $600,000 plus 80,000 shares of
      WinSonic stock.  As of November 20, 2004, the cash portion of that
      obligation remained $432,896.62 which together with accrued interest thereon
      is
      acknowledged by the parties to total $580,986.97 (the “Cash Obligation”) and
      which together with the 80,000 shares is the total obligation to Nguyen (the
      “Obligation”).

     

    B. Disputes
      have arisen amongst the
      Parties related to payments due pursuant to the Obligation.

     

    C. On
      August 1, 2007, Plaintiff filed
      claims in the Superior Court of California, Orange County, against Defendants
      (the “Lawsuit”).

     

    D. In
      order to avoid the time and expense
      of further litigation, Plaintiff and Defendants wish to settle and resolve,
      fully and finally, all differences between them, including but not limited
      to
      settling and resolving the Lawsuit, as well as any and all matters arising
      out
      of or related in any way to the Lawsuit, the settlement thereof, the Obligation,
      and any other dealings or contacts between Defendants and
      Plaintiff.

     

    E. Except
      for the Lawsuit as described
      above, Plaintiff represents that she has not filed any other claims, charges,
      complaints, lawsuits or appeals of any kind, in any court or administrative
      body, against either or both of the Defendants.

     

    NOW,
      THEREFORE, for good and valuable
      consideration, the receipt and sufficiency of which are hereby acknowledged,
      Plaintiff and Defendants agree as follows:

     

    1. Terms.

     

    The
      Parties agree as follows:

     

    a.           
      Within five (5) days of the execution of this Agreement, WinSonic will issue
      to
      Plaintiff 80,000 shares of company stock which shall be deemed to be fully
      paid
      for and vested as of November 20, 2004. WinSonic agrees promptly to provide
      an
      opinion letter of

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    corporate
      counsel and execute such other and further documents as may be necessary on
      the
      part of WinSonic to remove any restrictions and cause such shares to be free
      trading.

     

    b.           
      Concurrently with, and in addition to the 80,000 shares which are to be free
      trading, WinSonic will issue 1,996,521 shares of restricted stock, the number
      of
      which shares shall have been calculated by dividing the Cash Obligation by
      the
      average trading price of the shares for the ten trading days immediately
      preceding the effective date of this Agreement (the “Share Price”) calculated to
      be $0.485, and then applying a 40% discount to the Share Price.

     

    c.           
      Simultaneous with the execution of this Agreement, the Parties shall enter
      into
      the Repurchase Rights Agreement attached hereto as Exhibit 1.

    

    2. Dismissal
      with Prejudice by
      Plaintiff

    

    Within
      seven (7) days of Plaintiff’s
      receipt of the Shares pursuant to paragraph 1 above and a fully executed copy
      of
      this Agreement, Plaintiff agrees to dismiss, with prejudice, the Lawsuit and
      any
      other pending claims, charges or complaints against
      Defendants.  Plaintiff agrees to have her counsel execute and deliver
      for filing such dismissal of the Lawsuit to William K Whitner of Paul, Hastings,
      Janofsky & Walker LLP, 600 Peachtree Street, N.E., Suite 2400, Atlanta,
      Georgia 30308.

    

    3. Mutual
      General
      Releases.

     

    a. Plaintiff’s
      Release:  As a
      material inducement to Defendants to enter into this Agreement, Plaintiff and
      her successors, assigns, agents, employees, representatives, attorneys and
      accountants, irrevocably and unconditionally release, acquit and forever
      discharge Defendants, and each of them, as well as each of Defendants’
successors, assigns, agents, employees, representatives, attorneys and
      accountants (hereafter collectively, “Defendants and their Releasees”), and the
      corporate defendants named in the Lawsuit from any and all charges, claims,
      liabilities, obligations, promises, agreements, damages, actions, causes of
      action, suits, demands, costs, losses, debts and expenses (including attorneys’
fees and costs actually incurred) of any nature whatsoever, known or unknown,
      suspected or unsuspected (collectively, “Claims”), including, but not limited
      to, all Claims arising from or relating to (a) Lawsuit; (b) Defendants’
dealings with or contacts with Plaintiff and her heirs, assigns, agents,
      employees, representatives, attorneys and accountants; and (c) any matters
      which
      are or could have been asserted by Plaintiff and her heirs, assigns, agents,
      employees, representatives, attorneys and accountants in the
      Lawsuit.  Nothing contained in this paragraph or anywhere in this
      Agreement, however, shall be deemed to release Defendants, or either of them,
      from any breach of this Agreement, default under the Agreement, or any material
      misrepresentation or omission made in this Agreement.

     

    b. Defendants’
Release:  As
      a
      material inducement to Plaintiff to enter into this Agreement, Defendants and
      their respective successors, assigns, agents, employees, representatives,
      attorneys and accountants, irrevocably and unconditionally release, acquit
      and
      forever discharge Plaintiff, as well as each of Plaintiff’s agents, attorneys
      and 

     

    

    
      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

    

     

    accountants
      (hereafter collectively, “Plaintiff and her Releasees”), from any and all
      charges, claims, liabilities, obligations, promises, agreements, damages,
      actions, causes of action, suits, demands, costs, losses, debts and expenses
      (including attorneys’ fees and costs actually incurred) of any nature
      whatsoever, known or unknown, suspected or unsuspected (collectively, “Claims”),
      including, but not limited to, all Claims arising from or relating to any
      matters which are or could have been asserted by Defendants and their respective
      successors, assigns, agents, employees, representatives, attorneys and
      accountants, arising out of or related to (a) the Lawsuit; (b) Plaintiff’s
      dealings with or contacts with Defendants and their respective successors,
      assigns, agents, employees, representatives, attorneys and accountants; and
      (c)
      any matters which are or could have been asserted by Defendants and their
      respective successors, assigns, agents, employees, representatives, attorneys
      and accountants in the Lawsuit.  Nothing contained herein, however,
      shall be deemed to release Plaintiff from any breach of this Agreement or any
      material misrepresentation or omission in this Agreement.

     

    4.           
      Unknown
      Claims.

     

    Plaintiff
      and Defendants each acknowledge and agree that, as a condition of this
      Agreement, they expressly release all claims that they know about as well as
      those they may not know about.  Plaintiff and Defendants expressly
      waive all rights under Section 1542 of the Civil Code of the State of
      California, which provides as follows:

     

    A
      general
      release does not extend to claims which the creditor does not know or suspect
      to
      exist in his favor at the time of executing the release, which if known by
      him
      must have materially affected his settlement with the debtor.

     

    Notwithstanding
      the provisions of Section 1542, and for the purpose of implementing a full
      and
      complete release and discharge of Defendants and their Releasees, Plaintiff
      expressly acknowledges that this Agreement is intended to include, and does
      include, in its effect, without limitation, all claims which Plaintiff and
      her
      heirs, assigns, agents, employees, representatives, attorneys and accountants
      do
      not know or suspect to exist in their favor against Defendants and their
      Releasees at the time Plaintiff executes this Agreement; and that this
      settlement expressly contemplates the extinguishment of all such
      claims.

     

    Notwithstanding
      the provisions of Section 1542, and for the purpose of implementing a full
      and
      complete release and discharge of Plaintiff and her Releasees, Defendants,
      and
      each of them, expressly acknowledge that this Agreement is intended to include
      and does include in its effect, without limitation, all Claims which Defendants
      and their successors, assigns, agents, employees, representatives, attorneys
      and
      accountants do not know or suspect to exist in their favor against Plaintiff
      and
      her Releasees at the time they each execute

     

    

    
      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

    

    

    this
      Agreement; and that this settlement expressly contemplates the extinguishment
      of
      all such claims.

     

    5.           
      Non-Admission of
      Liability or Wrongdoing.

     

    The
      execution of this Agreement will not constitute, nor should it be construed
      as,
      an admission by any Party hereto that such Party has engaged in any wrongful
      conduct toward the other Party or any other person.  The Parties
      specifically deny any liability to or any wrongful conduct against the other
      Party, or any other person, on the part of themselves or their attorneys,
      employees, or agents.

     

    6.           
      No
      Representations.

     

    The
      Parties represent and agree that no promises, statements or inducements have
      been made to them which caused them to execute this Agreement, other than those
      expressly stated in this Agreement.

     

    7.           
      Adequate Time to Review Agreement and Consult with Counsel.

     

    The
      Parties each acknowledge that (a) she, he or it has been given a reasonable
      period of time to review and consider this Agreement; (b) she, he or it has
      been
      encouraged to consult with an attorney of his/her or its choice concerning
      his/her or its rights and this Agreement, (c) she, he or it has thoroughly
      discussed all aspects of this Agreement and his/her or its rights with his/her
      or its own attorneys to the full extent she, he or it wanted to do so, (d)
      she,  he or it understands he/she or it is waiving legal rights and
      claims by executing this Agreement, (e) she, he or it has carefully read and
      fully understands this Agreement, and (f) she, he or it is voluntarily executing
      this Agreement.

     

    8.           
      Ownership of
      Claims.

     

    The
      Parties each represent and agree that he/she or it has not assigned or
      transferred, or attempted to have assigned or transferred, to any person or
      entity, any of the Claims that are being released in this
      Agreement.

     

    9.           
      Successors.

     

    This
      Agreement shall be binding upon the Parties, and upon their respective
      successors, administrators, representatives, executors, successors and
      assigns.

     

    10.           
      Governing Law and
      Venue.

     

    This
      Agreement is made and entered into in the State of California and shall in
      all
      respects be interpreted, enforced and governed under the laws of the State
      of
      California  Any legal action relating to this Agreement or between the
      parties hereto shall be in Los Angeles County, California.

     

    

    
      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

    

     

    11.           
      Further Necessary Actions.

     

    The
      Parties each agree, without further consideration, to sign or cause to be
      signed, and to deliver to the other’s respective counsel any other documents,
      and to take any other action, as may be necessary to fulfill their respective
      obligations under this Agreement.

     

    12.           
      Severability.

     

    Should
      any of the provisions in this Agreement be declared or be determined to be
      illegal or invalid, all remaining parts, terms or provisions shall be valid,
      and
      the illegal or invalid part, term or provision shall be deemed not to be a
      part
      of this Agreement.

     

    13.           
      Proper
      Construction.

     

    The
      language of all parts of this Agreement shall in all cases be construed as
      a
      whole according to its fair meaning, and not strictly for or against any of
      the
      Parties.

     

    As
      used
      in this Agreement, the term “or” shall be deemed to include the term “and/or”
and the singular or plural number shall be deemed to include the other whenever
      the context so indicates or requires.

     

    The
      paragraph headings used in this Agreement are intended solely for convenience
      of
      reference and shall not in any manner amplify, limit, modify or otherwise be
      used in the interpretation of any of the provisions hereof.

     

    14.           
      Final and Binding
      Agreement.

     

    The
      Parties understand that this Agreement is final and binding when executed by
      each of them, and the Parties each agree not to thereafter challenge its
      enforceability.

     

    15.           
      The Parties Are
      Responsible for their Own Attorneys’ Fees and Costs.

     

    The
      Parties and their attorneys acknowledge and agree that the Parties are solely
      responsible for paying their attorneys’ fees and costs, if any, that they have
      incurred with respect to preparing and executing this Agreement.

     

    16.           
      Consequences of
      Violating Promises Made in this Agreement.

     

    a. If
      Plaintiff pursues any legal action
      against the Defendants and their Releasees, or any of them, with respect to
      any
      claim released by this Agreement; or if Plaintiff breaches any other promises
      made in this Agreement; or if Plaintiff has made any representation in this
      Agreement that was false when made, or for which there was no reasonable basis,
      then, in addition to any other remedies or relief that may be available to
      Defendants, then Plaintiff agrees to pay the reasonable attorneys’ fees, costs
      and any other damages that Defendants and their Releasees, or any of them,
      may
      incur in responding to Plaintiff’s actions.

     

    

    
      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

    

    

    b. If
      Defendants, or either of them,
      pursue any legal action against the Plaintiff and her Releasees, or any of
      them,
      with respect to any claim released by this Agreement; or if Defendants, or
      either of them, breach any other promises made in this Agreement; or if
      Defendants, or either of them, has made any representation in this Agreement
      that was false when made, or for which there was no reasonable basis, then,
      in
      addition to any other remedies or relief that may be available to Plaintiff,
      then Defendants, and each of them, agree to pay the reasonable attorneys’ fees,
      costs and any other damages that Plaintiff and her Releasees, or any of them,
      may incur in responding to Defendants’ actions.

     

    17.           
      Entire
      Agreement.

     

    This,
      together with Exhibit 1 attached hereto, is the entire agreement between
      Plaintiff and Defendants.  It includes all of the terms, promises,
      representations and understandings made by Plaintiff and Defendants, and it
      fully supersedes any earlier written, oral or implied understandings or
      agreements between the Parties pertaining to its subject matter.

     

    18.           
      Execution in
      Counterparts.

     

    The
      Parties to this Agreement agree that this Agreement may be executed in
      counterparts, each one of which will be either an original or a facsimile
      signature, and the sum of each counterpart will constitute a single
      agreement.  The Parties hereto further agree that a facsimile
      signature on a copy of this Agreement sent by facsimile shall be accepted as
      binding on the Parties signing by facsimile copy.  The Parties also
      agree, however, that they shall execute three original copies of this Agreement
      and provide an executed original copy to each of the Parties.

     

    19.                      
      Notice

     

    Email
      notice contemplated by this
      agreement shall be made as follows:  Whitner/WinSonic:  kwhitner@paulhastings.com;
      Nguyen/Miles:  jsm1001@aol.com.

     

    Facsimile
      notice shall be made as
      follows:  Whitner/WinSonic: (404) 685-5228; Nguyen/Miles: (323)
      356-1846.  Any mailed notice shall be made as follows:

     

    To
      Whitner/WinSonic:  William
      K Whitner, c/o Paul, Hastings, Janofsky & Walker LLP, 600 Peachtree Street,
      N.E., Twenty-Fourth Floor, Atlanta, GA 30308

     

    To
      Nguyen/Miles:  Rosemary
      Nguyen c/o Jeffrey S. Miles, Esq., P.O. Box 1001, Ojai,
      CA  93024.

     

    [Signatures
      on Next Page]

     

    

    
      
        
          
          

        

        
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    PLEASE
      READ CAREFULLY BEFORE SIGNING. THIS SETTLEMENT AGREEMENT AND GENERAL RELEASE
      INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.

    

     

    Executed
      at Santa Ana, on this 17th day of January, 2008

     

    Rosemary
      Nguyen

     

    /s/
      Rosemary
      Nguyen

     

    Executed
      at Atlanta, GA, on this 18th day of January, 2008

     

    Winston
      Johnson

     

    /s/
      Winston
      Johnson

     

    Executed
      at Atlanta, GA, on this 18th day of January, 2008

     

    WinSonic
      Digital Media Group, Ltd.

     

    By:
/s/
      Winston
      Johnson                                                        

     

    Title:
      Chairman of the
      Board
      and CEO

     

    Name:
      Winston
      Johnson                                                        

     

    

     

    APPROVED
      AS TO FORM AND
      CONTENT:

     

     

    
    

    
      	/s/
              William K.
              Whitner                                  
               	 /s/
              Jeffrey S.
              Miles                                 
               
	William
              K
              Whitner	 Jeffrey
              S.
              Miles, Esq.
	Paul,
              Hastings,
              Janofsky & Walker, LLP	 Attorney
              for
              Plaintiff
	Attorney
              for
              Defendants	 

    

                                                                                                                                                                             
      

     

     

     

     

    7ex10-3.htm

    Exhibit
      10.3

     

     

    REPURCHASE
      RIGHTS
      AGREEMENT

    

    THIS
      REPURCHASE RIGHTS AGREEMENT (the
“Agreement”) is effective as of the 17th day of January 2008, by and between
      WinSonic Digital Media Group, Ltd., a Nevada corporation (“WinSonic”), and
      Rosemary Nguyen, a California resident (“Nguyen”).

     

    W
      I T N E S S E T H:

    

    WHEREAS,
      pursuant to that
      certain Settlement Agreement and General Release Agreement (the “Settlement
      Agreement”) of even date herewith, WinSonic has issued an aggregate of 1,996,521
      restricted shares (the “Settlement Shares”) of WinSonic’s common stock, par
      value $0.001 per share (the “Common Stock”);

    

    WHEREAS,
      the parties desire to
      set forth certain understandings regarding the grant by Nguyen to WinSonic
      of
      certain repurchase rights with respect to WinSonic’s Common Stock;

    

    WHEREAS,
it
      is a condition to
      the effectiveness of the Settlement Agreement that the parties enter into this
      Agreement;

    

    NOW,
      THEREFORE, in
      consideration of the mutual promises, representations, agreements and warranties
      contained herein and in the Settlement Agreement, and for other good and
      valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto, intending to be legally bound, agree as
      follows:

    

    1.           
      Repurchase Rights
      Regarding Common Stock.

    

    a.           
      Subject to Section 1(b) below, WinSonic shall have the right to repurchase
      (the
“Repurchase Right”) that number of shares of Common Stock (in whole, but not in
      part) set forth next to each period and during each of the periods specified
      below (each, a “Repurchase Period”), for a purchase price of 60% of the Share
      Price as set forth in the Settlement Agreement  per share (the
“Repurchase Price”), in accordance with the terms and conditions specified
      herein (for the avoidance of doubt, the Repurchase Price is a fixed amount
      which
      is the same amount used to calculate the number of Settlement Shares issued
      pursuant to the Settlement Agreement, and regardless of the actual trading
      price
      of the Common Stock at the time any Repurchase Right is exercised or forfeited
      which Repurchase Price shall henceforth only be adjusted, if at all, to account
      for
      stock splits, reverse stock splits or other corporate actions having a similar
      effect, e.g., if the
      split shall be 1 new share for 2 old shares, then the Repurchase Price would
      be
      doubled.):

    

    
      	
              Period

            	
              Number
                of
                Shares

            
	
              a.  From
                the date hereof through February 15, 2008

            	
              51,547

            
	
              b.  From
                February 16, 2008 through March 15, 2008

            	
              51,547

            
	
              c.  From
                March 16, 2008 through April 15, 2008

            	
              85,911

            
	
              d.  From
                April 16, 2008 through May 30, 2008*

            	
              1,807,516

            

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
              *           
                This Repurchase Period may be extended for an additional thirty (30)
                days
                if WinSonic makes a cash payment to Nguyen of $15,000 no later than
                May
                30, 2008 along with a notice of intention to extend the last payment
                due
                date.

            

    

    

    b.           
      If during any Repurchase Period, WinSonic is in possession of any material,
      nonpublic information that prevents it from exercising its Repurchase Rights,
      the applicable Repurchase Period shall be extended until such time as such
      material, nonpublic information shall have been publicly disclosed; providedthat,
      in no event
      will any Repurchase Period be extended for more than fifteen (15)
      days.  WinSonic agrees promptly, within forty-eight (48) hours of
      becoming aware of same, to notify Nguyen if it anticipates the need for any
      such
      extension.

    

    2.           
      Repurchase
      Procedures.

    

    a.           
      Before WinSonic shall be entitled to exercise its Repurchase Rights, WinSonic
      shall give written notice to Nguyen, in substantially the form attached hereto
      as Exhibit A
      (the “Repurchase Notice”), at least five business days prior to the effective
      date of each such repurchase (the “Repurchase Date”). WinSonic’s failure to
      provide a Repurchase Notice on or prior to the fifth business day preceding
      the
      expiration of the applicable monthly repurchase period specified in Section
      1
      above (as adjusted) shall, at the election of Nguyen in her sole discretion,
      constitute an irrevocable waiver of WinSonic’s Repurchase Right with respect to
      the number of shares otherwise subject to such Repurchase Right, and Nguyen
      shall have no further obligation to provide such shares to
      WinSonic.

    

    b.           
      Following delivery of a Repurchase Notice pursuant to Section 2(a) hereof,
      (i)
      Nguyen shall tender to WinSonic’s counsel, a stock certificate or certificates
      for the number of shares of Common Stock specified in the Repurchase Notice
      to
      Winsonic on or prior to the Repurchase Date and (ii) promptly upon receipt
      of
      such stock certificate(s) by WinSonic’s counsel, who shall hold such
      certificate(s) until receipt of the Repurchase Price has been confirmed in
      writing by Nguyen, WinSonic shall pay to Nguyen the Repurchase Price for such
      Common Stock by transfer of immediately available funds to a bank account
      designated by Nguyen.  Failure by WinSonic to initiate payment within
      three (3) business days of receipt of such certificate by WinSonic’s counsel
      shall, at the election of Nguyen be deemed an irrevocable waiver of the
      Repurchase Right with respect to such certificate(s) delivered to WinSonic’s
      counsel, and upon written notice to WinSonic and WinSonic’s counsel, WinSonic’s
      counsel shall promptly return such certificate(s) to Nguyen.

    

    c.           
      Ngyuen shall cooperate with WinSonic and provide WinSonic with additional
      documentation or information upon reasonable request in order to enable WinSonic
      to exercise the Repurchase Right granted hereunder.

     

                      3.  
Restrictions
      on Settlement
      Shares.  Without the prior written consent of WinSonic, until
      the expiration of the applicable Repurchase Period, Nguyen agrees not to,
      directly or indirectly, offer, sell, contract to sell, pledge or otherwise
      dispose of (or 

     

    

    
      
        
          
          

        

        
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    enter into any transaction which is designed to, or might
      reasonably be expected to, result in the disposition (whether by actual
      disposition or effective economic disposition due to cash settlement or
      otherwise) by Nguyen or any affiliate of Nguyen or any person in privity with
      the Nguyen or any affiliate of the Nguyen) any of the Settlement Shares subject
      to repurchase by WinSonic in such Repurchase Period. 

     

    4.           
      Notices.  Any
      notice required to be delivered hereunder will be either delivered in person,
      or
      sent to the other Party by (a) postal mail, followed up immediately by email,
      (b) facsimile (electronically confirmed and followed up immediately by postal
      mail), or (c) electronic mail (followed up immediately by postal
      mail).  A notice is considered given when it is
      delivered.  For the purposes of this Agreement, the address of each
      Party shall be:

    

    
      	 	WINSONIC:  	 	 WinSonic
              Digital Media Group, Ltd.
	 	 	 	 101
              Marietta
              Street, Suite 2600
	 	 	 	 Atlanta,
              GA
              30303
	 	 	 	 Attention:  Winston
              D. Johnson
	 	 	 	 Fax:  (404)
              230-5710
	 	 	 	 Email:  winston@winsonic.net
	 	 	 	 
	 	 	 with
              a copy
              to: 	 Paul,
              Hastings, Janofsky & Walker LLP
	 	 	 	 600
              Peachtree
              Street, N.E.
	 	 	 	 Suite
              2400
	 	 	 	 Atlanta,
              GA
              30308
	 	 	 	 Attention:
              K
              Whitner
	 	 	 	 Fax:
              (404)
              685-685-5228
	 	 	 	 Email:
              kwhitner@paulhastings.com
	 	 	 	 
	 	NGUYEN: 	 	 Rosemary
              Nguyen
	 	 	 	 2603
              Main
              Street
	 	 	 	 Suite
              1150
	 	 	 	 Irvine,
              CA
              92614
	 	 	 	 Fax:
              949-260-0116
	 	 	 	 Email:
              rnguyen@icapitalfinance.com
	 	 	 	 
	 	 	 with
              a copy
              to:	 Jeffrey
              S.
              Miles, Esq.
	 	 	 	 PO
              Box
              1001
	 	 	 	 Ojai,
              CA
              93024
	 	 	 	 Fax:
              503-218-8993
	 	 	 	 Email:  jsm1001@aol.com

    

                                                            

                     
4.            Counterparts.  This
      Agreement may be executed in counterparts, all of which shall be considered
      one
      and the same agreement, and shall become effective when all counterparts have
      been signed by each of the parties and delivered to the other
      parties.  A signature delivered by facsimile shall constitute an
      original.

    

    
      
        
          
          

        

        
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    5.           
      Governing
      Law.  This Agreement shall be governed by and construed in
      accordance with the laws of the State of California without regard to principles
      of conflicts of laws.

    

    6.           
      Waivers and
      Amendments.  Any term or provision of this Agreement may be
      waived at any time by the party that is entitled to the benefits thereof, and
      any term or provision of this Agreement may be amended or supplemented at any
      time by the mutual consent of the parties, provided that any waiver of any
      term
      or condition, or any amendment or supplementation of this Agreement, must be
      in
      writing.  A waiver of any breach or failure to enforce any of the
      terms or conditions of this Agreement shall not in any way affect, limit or
      waive a party’s rights thereunder at any time to enforce strict compliance
      thereafter with every term or condition of this Agreement.

    

    7.           
      Entire
      Agreement.  This Agreement (including documents and instruments
      referred to herein) together with the Settlement Agreement constitute the entire
      agreement, and supersedes all other prior agreements and understandings, both
      written and oral, among the parties or any of them, with respect to the subject
      matter hereof.

    

    IN
      WITNESS WHEREOF, the
      undersigned have executed and delivered this Agreement on the date first written
      above.

    

    Nguyen:

    

    

    /s/
      Rosemary
      Nguyen                                                           1/17/08

    Rosemary
      Nguyen                                                                
Date

    In
      her individual
      capacity

    

    

    WinSonic:

    

    
      	
               

            	
              WINSONIC
                DIGITAL MEDIA GROUP, LTD., 
a Nevada corporation
                

            

    

    

    

    By:/s/
      Winston
      Johnson                                                      1/18/08

    Name:   Winston
      Johnson                                                   
Date

    Title:     Chairman
      of the Board and CEO

    

    

    
      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

    

    

    Exhibit
      A

    

    

    Repurchase
      Notice

    

    

     Dated:
      _______________________

    

    

    TO:           
      Rosemary Nguyen

    

    WinSonic
      Digital Media Group, Ltd. (the
“Company”) hereby irrevocably elects to exercise its Repurchase Rights pursuant
      to Section 1__ of that certain Repurchase Rights Agreement dated as of
      ________________, 2008 (the “Repurchase Agreement”) as further set forth
      below:

     

    
    

    
      	Shares
              of
              Common
	Stock
              to be
              Repurchased:    
              _________________________________
	 
	Aggregate
              Purchase Price: _________________________________
	 
	Repurchase
              Date:
              _________________________________________

    

     

     

    The
      Company hereby represents that the
      exercise of the Repurchase Rights hereunder is in compliance with the applicable
      provisions of the Nevada corporation law.

     

    WINSONIC
      DIGITAL MEDIA GROUP, LTD., 
a Nevada corporation

    

    

    By:____________________________                                                    
      

    Name:

    Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00135-of-00352.parquet"}]]