Document:

-- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 4.1

CIT GROUP INC. 

Issuer 

THE BANK OF NEW YORK 

Trustee 
______________________

  FIRST SUPPLEMENTAL INDENTURE

______________________

  Dated as of February 13, 2007 

Senior Debt Securities 

 

	
TABLE OF CONTENTS
	
	 	 	 	 
	 

		 

		 
		
Page
	
	 	 	 
	
ARTICLE I DEFINITIONS
		 
		
1
	
	 	 	 
	
ARTICLE II AMENDMENT
		 
		
2
	
	 	 	 	 
	
                    Section 2.1
		
Merger, Conversion, Consolidation or Succession to Business
		 
		
2
	
	 	 	 
	
ARTICLE III RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR TRUSTEE
		 
		 

	
	 	 	 	 
	
                    Section 3.1
		
Resignation and Removal; Appointment of Successor Trustee
		 
		
2
	
	 	 	 
	
ARTICLE IV MISCELLANEOUS
		 
		
2
	
	 	 	 	 
	
                    Section 4.1
		
Ratification of Indenture
		 
		
2
	
	 	 	 	 
	
                    Section 4.2	
Governing Law
		 
		
3
	
	 	 	 	 
	
                    Section 4.3
		
Separability
		 
		
3
	
	 	 	 	 
	
                    Section 4.4
		
Counterparts
		 
		
3
	
	 	 	 	 
	
                    Section 4.5
		
Recitals
		 
		
3
	

 

     FIRST SUPPLEMENTAL INDENTURE, dated as of February 13, 2007 (the “First Supplemental Indenture”), between CIT Group Inc., a
corporation duly organized and existing under the laws of the State of Delaware (the “Company”), and The Bank of New York (as successor to JPMorgan Chase Bank, N.A.), as trustee
(the “Trustee”), amending and supplementing the indenture, dated as of January 20, 2006 between the Company and the Trustee, governing the issuance of senior debt securities (the
“Base Indenture,” and together with the First Supplemental Indenture, the “Indenture”). 

     WHEREAS, The Bank of New York succeeded to the corporate trust business of JPMorgan Chase Bank, N.A.; 

     WHEREAS, JPMorgan Chase Bank, N.A. wishes to tender its resignation and the Company wishes to appoint The Bank of New York as successor trustee and The Bank of New York wishes to accept such
appointment; 

     NOW THEREFORE, the Company covenants and agrees with the Trustee as
follows:

 ARTICLE I 

DEFINITIONS 

     Section 1.1       Definitions. Unless the context otherwise requires: 

     (a)      a term not defined herein that is defined in the Base Indenture has the same meaning when used in this First Supplemental Indenture; 

     (b)      the definition of any term in this First Supplemental Indenture that is also defined in the Base Indenture shall supersede the definition
of such term in the Base Indenture; 

     (c)      a term defined anywhere in this First Supplemental Indenture has the same meaning throughout; 

     (d)      the singular includes the plural and vice versa; 

     (e)      headings are for convenience of reference only and do not affect interpretation; 

     (f)      the following terms have the meanings given to them in this

Section 1.1(f): 

     “Base Indenture” shall have the meaning set forth in the preamble hereto. 

     “Company” shall have the meaning set forth in the preamble hereto. 

     “First Supplemental Indenture” shall have the meaning provided in the preamble
hereto.

	 

 

     “Former Trustee” shall have the meaning set forth in Section 3.1 hereof.

     “Indenture” shall have the meaning set forth in the preamble hereto. 

     “Trustee” shall have the meaning set forth in the preamble hereto. 

ARTICLE II 

AMENDMENT

     Section 2.1 Merger, Conversion, Consolidation or Succession to Business.

     With respect to all Securities heretofore or hereafter authenticated and delivered under this Indenture, pursuant to Section 9.1 of the Base Indenture, Section 6.10 of the Base Indenture is amended by deleting such Section in
its entirety and inserting in lieu thereof the following language: 

     “Any Corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any Corporation resulting from any merger, conversion or consolidation to which the
Trustee shall be a party, or any Corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, without the execution or filing of any paper or any further act on the
part of any of the parties hereto, provided, that such Corporation shall be otherwise qualified and eligible under this Section. In case any Securities shall have been authenticated but not
delivered by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee
had itself authenticated such Securities.” 

ARTICLE III

RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR TRUSTEE 

     Section 3.1      Resignation and Removal; Appointment of Successor Trustee. With respect to all Securities
heretofore or hereafter authenticated and delivered under this Indenture, JPMorgan Chase Bank, N.A. (the “Former Trustee”) hereby tenders its resignation and the Company hereby appoints The Bank of New York, herein referred to as the
“Trustee,” as successor trustee pursuant to Section 6.8 of the Base Indenture. The Trustee hereby accepts appointment as successor trustee pursuant to Section 6.9 of the Base Indenture and shall become vested with all rights, powers,
trusts and duties hereunder of the Former Trustee. 

ARTICLE IV 

MISCELLANEOUS

     Section 4.1      Ratification of Indenture. The Base Indenture as amended and supplemented by this First
Supplemental Indenture, is in all respects ratified and confirmed, and this First Supplemental Indenture shall be deemed part of the Base Indenture in the manner and to the extent herein and therein provided. 

2

     Section 4.2      Governing Law. This First Supplemental Indenture shall be deemed to be a contract made under the
laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State applicable to contracts made and to be performed entirely within said State. 

     Section 4.3      Separability. In case any one or more of the provisions contained in this First Supplemental
Indenture shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this First Supplemental Indenture; this First Supplemental
Indenture shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

     Section 4.4      Counterparts. This First Supplemental Indenture may be executed in any number of counterparts each
of which shall be an original; but such counterparts shall together constitute but one and the same instrument. 

     Section 4.5      Recitals. The Trustee makes no representations as to the validity or sufficiency of this First
Supplemental Indenture or of the Securities contemplated thereunder. The recitals and statements herein are deemed to be those of the Company and not those of the Trustee, and the Trustee assumes no responsibility for their correctness. 

 

[Signature Page Follows]

 

 

3

     IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly executed by their respective officers thereunto duly authorized as of the day and year first above
written. 

 

	 	CIT GROUP INC. 
	 	 	 
	 	 	 
	 	 	 
	 	By: 	    /s/ Glenn A. Votek                 
	 	 	Name: Glenn A. Votek 
	 	 	Title: Executive Vice President and Treasurer 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	THE BANK OF NEW YORK 
	 	 	as Trustee
	 	 	 
	 	 	 
	 	 	 
	 	By:	    /s/ L. O’Brien
                          
	 	 	Name: L. O’Brien
	 	 	Title: Vice President 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,
	 	 	as Former Trustee 
	 	 	 
	 	 	 
	 	 	 
	 	 	    /s/ T. Foley                             
	 	By	Name: T. Foley
	 	 	Title: Vice PresidentExhibit 10.20
-------------
                  TECHNOLOGY TRANSFER AND ASSIGNMENT AGREEMENT
                               AND MUTUAL RELEASE

         THIS  TECHNOLOGY  TRANSFER AND ASSIGNMENT  AGREEMENT AND MUTUAL RELEASE
("Agreement") is made effective as of the 10th day of October, 2006 by and among
VIDEOLOCITY  INTERNATIONAL,  INC.  ("Assignee"),  Robert Holt  ("Holt"),  Daniel
Osorio  ("Osorio"),  and E. Oliver Capital Group, LLC ("EOCG"),  EOCG Media, LLC
("EOCG  Media"),  EOCG Media Ltd.  ("EOCG  Media  Ltd"),  and Gilbert R. Armenta
("Armenta").  EOCG,  EOCG Media,  EOCG Media Ltd and Armenta,  together with any
affiliate thereof,  individually,  an "Assignor" and, collectively,  and jointly
and severally,  "Assignors").  All of the foregoing parties may also be referred
to herein collectively as the "Parties."

                                    RECITALS

         A. Each of Assignee,  EOCG and EOCG Media previously  entered into that
certain Sale and Joint Venture Agreement (the "Sale Agreement");

         B. Each of  Assignee  and EOCG  previously  entered  into that  certain
Limited Liability Company Operating Agreement of EOCG Media, LLC (the "Operating
Agreement");

         C. Pursuant to the Sale Agreement and the Operating Agreement, Assignee
agreed to  contribute  the  Intellectual  Property  Technology  (as that term is
defined below) to EOCG Media, and/or certain of its affiliates,  in exchange for
certain  monies to be paid and  obligations  to be  performed  by EOCG  Media to
Assignee and for certain other monies to be paid and obligations to be performed
by EOCG to EOCG Media in connection with the operation and deployment related to
Intellectual  Property Technology (such transactions as contemplated by the Sale
Agreement,  Operating Agreement and Transfer Agreements (as such term is defined
below) are referred to herein as the "JV Transaction");

         D. In connection with the JV Transaction,  Assignee,  EOCG, EOCG Media,
and/or EOCG Media Ltd,  variously  entered  into certain  agreements,  including
without  limitation that certain  Assignment  regarding U.S. patent  application
File  No.  1051.2.1  by and  between  Assignee  and  EOCG  Media,  that  certain
Assignment  regarding  European patent  application File No.  1051.2.1EPO by and
between Assignee and EOCG Media Ltd, that certain Assignment of Videolocity U.S.
Trademark by and between Assignee and EOCG Media, that certain Assignment of DES
Canadian  Trademark  by and between  Assignee  and EOCG Media Ltd,  that certain
Assignment of DES U.S.  Trademark by and between  Assignee and EOCG Media,  that
certain  Assignment of  Videolocity  (and Design) U.S.  Trademark by and between
Assignee  and EOCG  Media,  that  certain  Assignment  of  Videolocity  Canadian
Trademark by and between Assignee and EOCG Media Ltd, that certain Assignment of
Videolocity  European Trademark by and between Assignee and EOCG Media Ltd, that
certain  Assignment of Videolocity  Japan Trademark by and between  Assignee and
EOCG Media Ltd, and that certain  Assignment of Videolocity TV U.S. Trademark by
and between  Assignee  and EOCG Media (such  agreements  together  with the Sale
Agreement  and  Operating  Agreement and any other  documents,  instruments  and
agreements,  written or oral,  relating to the  transfer,  sale,  assignment  or
conveyance  of the  Intellectual  Property  Technology  and the JV  Transaction,
collectively, the "Transfer Agreements");

<PAGE>

         E. Armenta was at the time of the JV Transaction,  and remains so as of
the date hereof, the Manager of EOCG Media and the president and chief executive
officer of EOCG and Holt was at the time of the JV  Transaction,  and remains so
as of the date hereof, the president and chief executive officer of Assignee;

         F. The Parties are in disagreement as to whether various of the Parties
and/or their  employees  and officers are in compliance  with their  obligations
under the Transfer Agreements or otherwise to various of the Parties; and

         G. The parties now desire to enter into this  Agreement to transfer and
reassign  all of  Assignors'  right,  title  and  interest  in the  Intellectual
Property Technology to Assignee with certain grant backs as provided below, and,
considering  the  complexity of the issues  involved with respect to the matters
related to the JV Transaction  and the Transfer  Agreements,  the parties hereto
wish to avoid the burdens,  expense,  and uncertainties of potential  litigation
and to compromise, settle, and resolve any and all claims or causes of action as
between and among themselves as provided in this Agreement without any admission
of liability by any party to any other person or entity.

         NOW, THEREFORE, in consideration of the mutual promises, covenants, and
agreements  set forth  herein,  and other good and valuable  consideration,  the
receipt and  sufficiency  of which are hereby  acknowledged,  the parties agree,
represent, warrant, and covenant as follows:

1.   TRANSFER OF ASSETS.
     -------------------

     1.1  The  Intellectual  Property  Technology.   The  Intellectual  Property
Technology  which  is  the  subject  of  this  Agreement  shall  include  all of
Assignors' right,  title and interest in any and all technology and intellectual
property  transferred  by, or acquired from,  Assignee,  and/or its  affiliates,
directors,  officers,  employees,  agents,  or  representatives,  in any  manner
whatsoever,  including  pursuant to the Transfer  Agreements or  otherwise,  and
including without limitation all copyrights, trade secrets, patents, trademarks,
moral rights, confidential information, proprietary information or property, and
further including without limitation  Videolocity's Digital Entertainment System
(DESTM) and related  services,  trade  secrets,  patents,  copyrights  and other
intellectual property rights, including High Speed Internet Access together with
digital streaming video technology,  and  Videolocity's  license  agreements and
agreements for Video-On  Demand  programming  for the DESTM,  including  digital
movie  titles,  other  content  and  entertainment  (including  music and gaming
content),  and including  without  limitation  any derivative  works  therefrom,
improvements thereon or inventions related thereto, or based thereon or claiming
priority therefrom, in any manner or form, and including the goodwill associated
in any manner therewith,  and including any notes,  documents,  reports or other
materials  that contain all or any portion of the  above-described  items in any
form or media (collectively, the "Intellectual Property Technology").

     1.2 Transfer.  Subject to the terms and  conditions  herein,  each Assignor
hereby jointly and severally transfers,  sells, assigns and conveys to Assignee,
free and clear of any lien, pledge, hypothecation, encumbrance, claim, charge or

                                      -2-
<PAGE>

security  interest of any kind or nature,  all of each Assignor's  entire right,
title  and  interest  in, to and under  the  Intellectual  Property  Technology,
including without limitation the goodwill associated therewith.

     1.3  Disclaimer  of  Interest in  Intellectual  Property  Technology.  Each
Assignor  on his or its own  behalf  and on behalf of each of his or its  heirs,
successors and assigns hereby jointly and severally  relinquishes all rights in,
to and under the  Intellectual  Property  Technology  and disclaims any interest
therein, including without limitation any ownership, title, license, sublicense,
lease,  or other  right  in, to or under the  Intellectual  Property  Technology
except as provided herein.  None of Assignee,  Holt,  Osorio or Assignors shall,
and do not hereby,  assume or otherwise become  responsible for any liabilities,
obligations  or  expenses  of the other  relating  to the other  party's  use or
ownership of the  Intellectual  Property  Technology  during that other  party's
respective ownership periods.

     1.4 Closing. The closing of the transactions contemplated in this Agreement
(the  "Closing")  shall  occur on October  10,  2006,  or such later date as the
parties mutually agree (the "Closing Date").

2.   CONSIDERATION.  In consideration for the agreements  contained herein,  the
Parties hereby agree to the following:

     2.1 Payment.  Assignee  shall pay to Assignors One Hundred  Fifty  Thousand
United States Dollars (US$150,000) at Closing in immediately  available funds by
wire transfer to EOCG's account set forth on Schedule 2.1 hereto.  If such funds
are not  received in EOCG's  account  set forth on Schedule  2.1 by the close of
business on the Closing Date, this Agreement shall be deemed void ab initio.

     2.2  Exclusive  License.  Assignee  hereby grants to Assignors an Exclusive
license within the Exclusive License Territories of: Anguilla,  Antigua,  Aruba,
Cayman Islands,  Dominican Republic,  Netherlands  Antilles,  St. Martin (French
Side), St. Barthelemy,  St. Kitts and Nevis, and Trinidad and Tobago;  provided,
however,  that the Exclusive  License shall be for a term of five (5) years from
the date  hereof  and  provided  further,  however,  that,  with  respect  to an
Exclusive  Licensed  Territory in which Assignor does not secure an agreement to
provide the Intellectual Property Technology to an end-user within the Exclusive
Licensed  Territory,  the  term of the  Exclusive  License  for  that  Exclusive
Licensed Territory Assignee shall terminate two (2) years from the date hereof.

                  2.2.1 In the event (i) Assignee is entering  into an agreement
         to provide the Intellectual  Property Technology to an end-user outside
         the  Exclusive  License  Territories  and (ii)  such  end-user  has the
         ability to require an affiliated end-user within the Exclusive Licensed
         Territories  to  utilize  the  same  Intellectual  Property  Technology
         product,  Assignee shall so notify  Assignors in which event  Assignors
         shall have sixty  (60) days in which to enter  into an  agreement  with
         such affiliated end-user within the Exclusive Licensed  Territories for
         provision of the Intellectual Property Technology product. If Assignors
         are unable to  complete  an  agreement  with such  affiliated  end-user
         within the Exclusive Licensed Territories, then Assignee shall have the
         right to do so.

                                      -3-
<PAGE>

     2.3 Nonexclusive  License.  Assignee hereby grants to Assignors a worldwide
nonexclusive  license  in, to and under the  Intellectual  Property  Technology,
subordinate  to the Exclusive  License  granted  herein in certain  territories,
until the date the rights in the last of the  Intellectual  Property  Technology
subject to this Agreement expire.

     2.4 Royalty.  In the event that an Assignor uses a Videolocity product that
is covered by the Intellectual  Property  Technology  licensed  hereunder,  such
Assignor agrees to pay Assignee a royalty  calculated on a per unit, lump sum or
other  mutually  agreeable  basis at a mutually  agreed upon royalty rate not to
exceed the then-usual  and customary  per-unit  royalty rate  applicable to such
products at that time.

     2.5 Assignee's Obligations.
         -----------------------

         2.5.1 Assignee shall perform all acts necessary to preserve all rights,
and keep the licensed Intellectual Property Technology in force, in all licensed
territories at all times, including payment of all fees and annuities and filing
for protection as allowed by the respective jurisdictions under their respective
laws.

         2.5.2  Assignee  will  take no  action,  or fail to take  action  where
otherwise required,  with respect to any of the Intellectual Property Technology
in such a manner  as  would  destroy  the  value  of the  licensed  Intellectual
Property or otherwise place the licensed  Intellectual  Property into the public
domain in any jurisdiction.

         2.5.3  Assignee  will  take no  action,  or fail to take  action  where
otherwise required,  with respect to any of the Intellectual Property Technology
in such a manner as would materially  impair Assignors rights under the Licenses
granted herein, other than to grant additional nonexclusive licenses outside the
Exclusive License  Territories  based upon  commercially  reasonable Arms Length
Negotiations.

         2.5.4 In the  event  that  Assignee  elects  to not  maintain  any such
Intellectual Property Technology in force, or to make filings needed to maintain
or preserve  rights in any  jurisdiction,  Assignee  will give  Assignor  prompt
written notice of such election at least sixty (60) days prior to the applicable
deadline by which an action to  maintain  or  preserve  rights must be taken and
which, if not taken, would result in a loss of rights in such jurisdiction. Upon
such notice,  ownership  of such  licensed  Intellectual  Property at issue will
automatically  revert back to Assignors without further action by the parties or
compensation from any Assignor. Assignee hereby agrees that in the event of such
reversion in ownership,  Assignee  will  promptly  execute any and all documents
provided by an Assignor at such  Assignor's  expense,  as would be  necessary to
evidence such  ownership  change.  Nothing herein shall obligate any Assignor to
maintain such Intellectual  Property Technology in force or make such filings in
any jurisdiction following such reversion in ownership.

3.       MUTUAL RELEASE.

         3.1  Assignee's  Release.  Each of  Assignee,  Holt and Osorio  hereby,
knowingly and  voluntarily,  forever  releases and discharges  each Assignor and
Armenta and their  respective  affiliates,  agents,  representatives,  managers,

                                      -4-
<PAGE>

members,  stockholders,   officers,  employees,   attorneys,  heirs,  executors,
successors and assigns, past and present, (collectively,  the "Assignor Released
Parties"),  of and from any and all past,  present or future  claims,  disputes,
losses,  demands,  actions,  causes  of  action,  damages,  declaratory  relief,
compensation,  costs, fees, expenses, contracts, covenants,  obligations, debts,
indemnities and liabilities of every kind and nature  whatsoever  (collectively,
"Claims"), presently known or unknown, that any of Assignee, Holt and Osorio may
now or in the future  claim,  assert or have,  whether in tort,  contract,  law,
equity, statute or otherwise, against the Assignor Released Parties based on any
events or facts that have occurred up to and through the date hereof.

         3.2  Assignors'  Release.  Each  Assignor  and  Armenta,   jointly  and
severally  with  each  other  Assignor  and  Armenta,   hereby,   knowingly  and
voluntarily,  forever releases and discharges  Assignee,  Holt, Osorio and their
respective affiliates, agents, representatives, managers, members, stockholders,
officers, employees,  attorneys, heirs, executors,  successors and assigns, past
and present,  (collectively,  the "Assignee Released Parties"),  of and from any
and all Claims, presently known or unknown, that any Assignor or Armenta may now
or in the future claim, assert or have, whether in tort,  contract,  law, equity
or otherwise, against the Assignee Released Parties based on any events or facts
that have occurred up to and through the date hereof.

         3.3 Unknown Claims. The parties understand that the nature, amount, and
extent of the actual or potential  claims in the matters being  released may not
be known at the date hereof,  and that  additional  or different  facts than now
known,  suspected,  or believed to be true may be  discovered,  or that  present
Claims may have been underestimated in amount. Nevertheless,  the parties assume
the risk of such unknown,  unsuspected,  and unanticipated claims in the matters
being  released,  and intend to forever  and fully  discharge  and  release  the
parties from,  and to irrevocably  waive,  all such claims,  actions,  causes of
action,  liabilities,  injuries and damages,  even if  hereafter  discovered  or
brought to the attention of any of the parties.

4.       MISCELLANEOUS.

         4.1 Entire Agreement.  This Agreement  contains the entire agreement of
the parties with respect to the subject matter hereof and any prior  agreements,
promises, inducements, negotiations, or representations, not expressly set forth
herein, are void and of no force or effect.

         4.2  Construction.  The headings in this Agreement are for  convenience
only and are in no way  intended  to  describe,  interpret,  define or limit the
scope, extent or intent of this Agreement or any of its provisions. All pronouns
and any variations thereof shall be deemed to refer to the masculine,  feminine,
neuter,  singular  or plural  as the  identity  of the  person  or  persons  may
reasonably require.

         4.3 Authority of  Signatories.  The parties  covenant that they possess
the necessary capacity and authority to sign and enter into this Agreement, each
on his or its own behalf and on behalf of any party whose  rights it may effect.
No party has previously  assigned or encumbered their rights with respect to any
of the rights described in this Agreement.

         4.4 Binding  Effect.  The provisions of this Agreement and the releases
set forth  herein  will be binding  upon and inure to the  benefit of the heirs,

                                      -5-
<PAGE>

children,  executors,  administrators,  personal representatives,  successors in
interest,  assigns,  officers,  directors,  representatives,   agents,  members,
managers, limited partners, subsidiaries, shareholders, stockholders, attorneys,
member companies and employees of the parties.

         4.5 Further  Documents.  The parties  agree to execute and deliver such
other additional  documents or instruments as may be required to effectuate each
of the terms of this Agreement.

         4.6 No  Modification.  This  Agreement  may not be altered,  amended or
modified in any respect  except by written  instrument,  duly executed by all of
the parties  hereto.  All earlier  understandings,  oral agreements and writings
with respect to the subject  matter hereof are expressly  superseded  hereby and
are of no further force or effect.  Any waiver of any condition or of the breach
of any provision, term, covenant,  representation, or warranty contained in this
Agreement, in any one or more instances,  shall not be deemed to be or construed
as a further or continuing waiver of any condition or of the breach of any other
provision, term, covenant, representation, or warranty of this Agreement.

         4.7 Governing Law; Jurisdiction. This Agreement, and any and all rights
and duties set forth in it,  including  matters of  construction,  validity  and
performance,  shall be  interpreted,  enforced  and  governed by the laws of the
State of Utah, without reference to its conflicts of law provisions.  Any action
arising out of this Agreement shall be filed exclusively,  and each party hereto
submits to such  jurisdiction,  in the state and federal  courts  sitting in the
County of Salt Lake, State of Utah.

         4.8 Attorneys'  Fees.  Each party to this Agreement  shall bear its own
costs and expenses,  including  attorneys' fees, incurred in connection with the
preparation and negotiation of this Agreement. In any action arising out of this
Agreement,  the losing  party shall be required  to pay the  prevailing  party's
costs, including reasonable attorneys' fees and court costs. Any party breaching
this Agreement shall be liable to the others for attorneys' fees and court costs
in enforcing this Agreement.

         4.9 Status of Parties.  Nothing  contained  in this  Agreement  will be
deemed or construed as creating a joint venture or partnership  between Assignee
and  Assignors.  Neither of Assignee or Assignors will have the power to control
the  activities  and  operations of the other.  Neither of Assignee or Assignors
will hold itself out as having any authority or  relationship  with the other in
contravention  of this  Agreement,  and neither  party will act on behalf of the
other or enter into any  contract,  warranty or  representation  as to any other
matter on behalf of the other.

         4.10 Counterparts and Facsimile Signatures.  For the convenience of the
parties,  the parties agree that this Agreement may be signed in counterpart and
when all  signatures  are  attached  to this  Agreement,  it shall be binding as
though they each originally signed the same signature page. Further, the parties
agree to accept  signatures by facsimile that is transmitted  from the facsimile
machine.

         4.11  Severability.  If any term,  provision,  covenant or condition of
this Agreement is held by a court of competent  jurisdiction to be invalid, void

                                      -6-
<PAGE>

or  unenforceable,  the rest of this  Agreement  shall  remain in full force and
effect and shall in no way be affected, impaired or invalidated.

4.12 Arms' Length Negotiations. This Agreement and its terms and conditions were
determined in arms' length negotiations  between the parties hereto and the same
represents a final,  mutually agreeable  compromise.  Each of the parties to the
Agreement  has  been  represented  by an  attorney  and has  carefully  read and
understands its terms and conditions. The attorneys and advisors for each of the
parties hereto have had a full and fair  opportunity to review the facts and all
provisions  and no party has relied  upon any  representations  or advice of any
other of the parties or any attorney not its own.

4.13  Non-Disparagement.  Each of Assignee, Holt and Osorio agrees not to in any
manner disparage any of the Assignors,  Armenta or their respective  affiliates,
agents,  representatives,  managers, members, stockholders,  officers, employees
and each of the Assignors and Armenta agrees not to in any manner  disparage any
of   Assignee,   Holt,   Osorio   or  their   respective   affiliates,   agents,
representatives, managers, members, stockholders, officers, employees.

                            [Signature page follows]

                                      -7-
<PAGE>

THE UNDERSIGNED  HEREBY  ACKNOWLEDGE THAT THEY HAVE RECEIVED THE ADVICE OF THEIR
ATTORNEY AND HAVE READ THIS  AGREEMENT AND FULLY  UNDERSTAND AND HEREBY AGREE TO
THE TERMS AND CONDITIONS CONTAINED HEREIN.

         Executed this 7th day of October, 2006

<PAGE>

ASSIGNEE:

VIDEOLOCITY INTERNATIONAL, INC.

By:
         --------------------------------------------
Name:
         --------------------------------------------
Title:

HOLT

-----------------------------------------------------
Robert Holt

OSORIO

-----------------------------------------------------
Daniel Osorio

ASSIGNORS:

EOCG

E. OLIVER CAPITAL GROUP, LLC

By:
         --------------------------------------------
Name:
         --------------------------------------------
Title:

EOCG MEDIA

EOCG MEDIA, LLC

By:
         --------------------------------------------
Name:
         --------------------------------------------
Title:

EOCG MEDIA LTD.

EOCG MEDIA LTD.

By:
         --------------------------------------------
Name:
         --------------------------------------------
Title:

ARMENTA

-----------------------------------------------------
Gilbert R. Armenta

                                      -8-
<PAGE>

STATE OF ____________________________ )
                                      ) : ss.
COUNTY OF ____________________________)

         On October 7, 2006, before me personally  appeared Robert Holt, for and
on behalf  of  Videolocity  International,  Inc.,  known to be to be the  person
described  and  who  signed  the   foregoing   instrument  in  my  presence  and
acknowledged  under  oath  before  me that he has read the  same and  knows  the
contents  thereof and that he executed the same as his free act and deed and for
the purposes set forth therein.

                                  ----------------------------------------------
                                  NOTARY PUBLIC

                                  Residing at
                                             -----------------------------------

My Commission Expires:

STATE OF ____________________________ )
                                      ) : ss.
COUNTY OF ____________________________)

         On  October  7,  2006,  before  me  personally  appeared  Robert  Holt,
individually,  known  to be to be  the  person  described  and  who  signed  the
foregoing  instrument in my presence and acknowledged  under oath before me that
he has read the same and knows the  contents  thereof and that he  executed  the
same as his free act and deed and for the purposes set forth therein.

                                  ----------------------------------------------
                                  NOTARY PUBLIC

                                  Residing at
                                             -----------------------------------

My Commission Expires:

                                      -9-
<PAGE>

STATE OF ____________________________ )
                                      ) : ss.
COUNTY OF ____________________________)

         On  October 7,  2006,  before me  personally  appeared  Daniel  Osorio,
individually,  known  to be to be  the  person  described  and  who  signed  the
foregoing  instrument in my presence and acknowledged  under oath before me that
he has read the same and knows the  contents  thereof and that he  executed  the
same as his free act and deed and for the purposes set forth therein.

                                  ----------------------------------------------
                                  NOTARY PUBLIC

                                  Residing at
                                             -----------------------------------

My Commission Expires:

                                      -10-
<PAGE>

STATE OF FLORIDA  )
                  ) : ss.
COUNTY OF BROWARD )

         On October  , 2006, before me personally  appeared Gilbert R. Armenta,
for and on behalf of E. Oliver Capital Group,  LLC, known to be to be the person
described  and  who  signed  the   foregoing   instrument  in  my  presence  and
acknowledged  under  oath  before  me that he has read the  same and  knows  the
contents  thereof and that he executed the same as his free act and deed and for
the purposes set forth therein.

                                  ----------------------------------------------
                                  NOTARY PUBLIC

                                  Residing at
                                             -----------------------------------

My Commission Expires:

STATE OF FLORIDA  )
                  ) : ss.
COUNTY OF BROWARD )

         On October 7, 2006,  before me personally  appeared Gilbert R. Armenta,
for and on behalf of EOCG Media, LLC, known to be to be the person described and
who signed the foregoing  instrument in my presence and acknowledged  under oath
before me that he has read the same and knows the  contents  thereof and that he
executed  the  same as his free act and  deed  and for the  purposes  set  forth
therein.

                                  ----------------------------------------------
                                  NOTARY PUBLIC

                                  Residing at
                                             -----------------------------------

My Commission Expires:

                                      -11-
<PAGE>

STATE OF FLORIDA  )
                  ) : ss.
COUNTY OF BROWARD )

         On October 7, 2006,  before me personally  appeared Gilbert R. Armenta,
for and on behalf of EOCG Media,  Ltd.,  known to be to be the person  described
and who signed the foregoing  instrument in my presence and  acknowledged  under
oath before me that he has read the same and knows the contents thereof and that
he  executed  the same as his free act and deed and for the  purposes  set forth
therein.

                                  ----------------------------------------------
                                  NOTARY PUBLIC

                                  Residing at
                                             -----------------------------------

My Commission Expires:

STATE OF FLORIDA  )
                  ) : ss.
COUNTY OF BROWARD )

         On October 7, 2006,  before me personally  appeared Gilbert R. Armenta,
individually,  known  to be to be  the  person  described  and  who  signed  the
foregoing  instrument in my presence and acknowledged  under oath before me that
he has read the same and knows the  contents  thereof and that he  executed  the
same as his free act and deed and for the purposes set forth therein.

                                  ----------------------------------------------
                                  NOTARY PUBLIC

                                  Residing at
                                             -----------------------------------
My Commission Expires:

                                      -12-
<PAGE>

                                  Schedule 2.1

                           E OLIVER CAPITAL GROUP LLC
                               Wiring Instructions

                                      -13-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]