Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Lightscape Technologies Inc. - Exhibit 10.2

NONE OF THE SECURITIES TO WHICH THIS TRANSFER AGREEMENT (THE
“AGREEMENT”) RELATES HAVE BEEN REGISTERED UNDER THE UNITED STATES 1933 ACT OF
1933, AS AMENDED (THE “1933 ACT”), OR ANY U.S. STATE SECURITIES LAWS, AND,
UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN
THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT IN ACCORDANCE
WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS.

TRANSFER AGREEMENT

BETWEEN:

Full Scope Group Limited, a BVI
company, whose 
registered address is P O Box 3321, Road Town,
Tortola, 
British Virgin Islands

(the “Vendor”)

AND:

Eastern Advisor Offshore Fund, Ltd.,
a Cayman Islands 
company, whose registered address is c/o Caledonian
Bank 
& Trust Ltd., P.O. Box 1043 GT, 69 Dr. Roy’s Drive,

Grand Cayman, Cayman Islands, BWI

(the “Purchaser”)

WHEREAS:

A. The Vendor is the beneficial owner of 1,033,501 common
shares in the capital of Lightscape Technologies Inc., a company incorporated
under the laws of the State of Nevada (the “Company”), which common shares are
registered in the name of the Vendor or in holding companies in which the Vendor
is the sole director and beneficial owner;

B. The Vendor proposes to sell to the Purchaser 781,228 of the
Company’s common shares (the “Shares”) on the terms set forth herein; 

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C. The terms and conditions of this agreement are agreed by the
parties hereto to be effective as of September 28, 2007;

D. On September 28, 2007 (“Trade Date”), the Purchaser recorded
the purchase of the Shares into its books and records and initiated a wire
transfer in the amount of US$546,859.60 for the account of the Vendor (“Wire
Transfer”), which Wire Transfer was confirmed as having been received on October
4, 2007;

E. The parties wish to formalize and clarify in writing that
the execution of the trade whereby the Purchaser agreed to purchase the Shares
from the Vendor and the Vendor agreed to sell the Shares to the Purchaser at an
agreed purchase price (the “Trade”) occurred as of the Trade Date, and that the
closing of this Agreement will complete the settlement and closing of the trade
and the legal transfer of the Shares from the Vendor to the Purchaser (the
“Settlement” and/or the “Closing”); and;

F. The parties hereto desire to make certain representations,
warranties and agreements in connection with the proposed purchase and sale of
the Shares and to set forth various conditions to the transactions contemplated
hereby.

THEREFORE, in consideration of the mutual covenants and
agreements herein contained and other good and valuable consideration (the
receipt and sufficiency of which are hereby acknowledged by each of the
parties), the parties covenant and agree as follows:

1. Purchase and Sale

1.1 On the basis of the representations and warranties of the
parties to this Agreement and subject to the terms and conditions of this
Agreement, the Purchaser agrees to purchase from the Vendor, and the Vendor
agrees to sell to the Purchaser, the Shares free and clear of all liens, charges
and encumbrances of any kind whatsoever.

1.2 The Purchaser agrees to pay a purchase price of $0.70 per
Share for 781,228 shares of the Company’s common stock.

1.3 The Closing of the purchase and sale of the Shares shall
occur on the date that this Agreement is executed.

2. Conditions to Closing and Deliveries by the
Parties

2.1 The Purchaser’s obligation to purchase the Shares and to
take the other actions required to be taken by the Purchaser at the Closing is
subject to the Purchaser having received written confirmation from the Company’s
registrar and transfer agent stating that such registrar and transfer agent has
received all documents necessary to register the transfer of all of the Shares
to the Purchaser and to reissue one or more stock certificates to the Purchaser
representing the Shares in the name of the Purchaser. This condition is for the
sole benefit of the Purchaser and may be waived by the Purchaser, in whole or in
part.

2.2 At the Closing, the Vendor will deliver or cause to be
delivered to the Purchaser certificates representing the Shares registered in
the Purchaser’s name and transferring to the 

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Purchaser good title to the Shares, free and clear of all
liens, charges and encumbrances of any kind whatsoever.

2.3 At the Closing, the Purchaser will deliver to Vendor the
Purchase Price.

3. Acknowledgements

3.1 The Purchaser acknowledges and agrees that the Vendor is an
“affiliate” (as defined in Rule 144 promulgated under the 1933 Act) of the
Company and as a result the Shares will be subject to a holding period (as
contemplated under Rule 144 promulgated under the 1933 Act) which commences on
the date of the completion of the transactions contemplated by this Agreement
and will not be permitted to tack on to the period that the Vendor held the
Shares.

4. Representations and Warranties

4.1 The Vendor represents and warrants to the Purchaser (which
representations and warranties shall survive the closing of the transactions
contemplated in this Agreement), with the intent that the Purchaser will rely
thereon in entering into this Agreement and in concluding the purchase and sale
of the Shares as contemplated herein, that:

	 	(a) 	
      the Vendor is the beneficial owner of the Shares free and
      clear of all liens, charges and encumbrances of any kind
  whatsoever;

	 	 	 	 
	 	(b) 	
      there are no written instruments, buy-sell agreements,
      registration rights or agreements, voting agreements or other agreements
      by and between or among the Vendor or any other person, imposing any
      restrictions upon the transfer, prohibiting the transfer of or otherwise
      pertaining to the Shares or the ownership thereof;

	 	 	 	 
	 	(c) 	
      no person, firm, corporation or entity of any kind has or
      will have any agreement or option or any right capable at any time of
      becoming an agreement to:

	 	 	 	 
	 		(i) 	
      purchase or otherwise acquire the Shares; or

	 	 	 	 
	 		(ii) 	
      require the Vendor to sell, transfer, assign, pledge,
      charge, mortgage or in any other way dispose of or encumber any of the
      Shares other than under this Agreement;

	 	 	 	 
	 	(d) 	
      the Vendor has the power and capacity and good and
      sufficient right and authority to enter into this Agreement on the terms
      and conditions set forth in this Agreement and to transfer the legal and
      beneficial title and ownership of the Shares to the Purchaser;

	 	 	 	 
	 	(e) 	
      this Agreement and all other documents required to be
      executed and delivered by the Vendor have been duly, or will when executed
      and delivered be duly, executed and delivered by the Vendor, and
      constitute the legal, valid and binding obligations of the Vendor,
      enforceable against the Vendor in accordance with their terms, subject to
      laws of general application relating to
bankruptcy,

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      insolvency, the relief of debtors, specific performance,
      injunctive relief and other equitable remedies;

	 	 	 
	 	(f) 	
      the entering into of this Agreement and the transactions
      contemplated hereby do not result in the violation of any of the terms and
      provisions of any law applicable to, or the governing documents of, the
      Vendor or of any agreement, written or oral, to which the Vendor may be a
      party or by which the Vendor is or may be bound;

	 	 	 
	 	(g) 	
      the Vendor has complied and will comply with all
      applicable Federal and state securities laws in connection with the
      transfer and sale of the Shares and the hereunder. Neither the Vendor nor
      anyone acting on its behalf, directly or indirectly, has or will sell,
      offer to sell or solicit offers to buy any of the Shares or similar
      securities to, or solicit offers with respect thereto from, or enter into
      any preliminary conversations or negotiations relating thereto with, any
      person, or has taken or will take any action, so as to bring the transfer
      and sale of any of the Shares under the registration provisions of the
      1933 Act and applicable state securities laws, and neither the Vendor nor
      any of its affiliates, nor any person acting on its or their behalf, has
      engaged in any form of general solicitation or general advertising (within
      the meaning of Regulation D under the 1933 Act) in connection with the
      transfer or sale of any of the Shares;

	 	 	 
	 	(h) 	
      the Vendor acquired the Shares in a transaction exempt
      from the registration requirements of the 1933 Act either (i) pursuant to
      Section 4(1) of the 1933 Act, or (ii) pursuant to Section 4(2) of the 1933
      Act in the event that the Vendor is deemed an underwriter, or (iii)
      pursuant to Regulation S promulgated under the 1933 Act (in which event
      the Shares were acquired in an “off-shore transaction,” as defined in Rule
      902(h) of Regulation S);

	 	 	 
	 	(i) 	
      the Vendor is not an “underwriter” (as such term is
      defined in Section 2(11) of the 1933 Act) of any securities of the
      Company; and

	 	 	 
	 	(j) 	
      no brokers, finders or financial advisory fees or
      commissions will be payable by the Vendor and/or any of its affiliates
      with respect to the transactions contemplated by this
  Agreement.

4.2 The Purchaser represents and warrants to the Vendor (which
representations and warranties shall survive the closing of the transactions
contemplated in this Agreement), with the intent that the Vendor will rely
thereon in entering into this Agreement and in concluding the purchase and sale
of the Shares as contemplated herein, that:

	 	(a) 	
      the Purchaser has the power and capacity and good and
      sufficient right and authority to enter into this Agreement on the terms
      and conditions set forth in this Agreement;

	 	 	 
	 	(b) 	
      this Agreement and all other documents required to be
      executed and delivered by the Purchaser have been duly, or will when
      executed and delivered be duly, executed and delivered by the Purchaser,
      and constitute the legal, valid and

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      binding obligations of the Purchaser, enforceable against
      the Purchaser in accordance with their terms, subject to laws of general
      application relating to bankruptcy, insolvency, the relief of debtors,
      specific performance, injunctive relief and other equitable
    remedies;

	 	 	 
	 	(c) 	
      the entering into of this Agreement and the transactions
      contemplated hereby do not result in the violation of any of the terms and
      provisions of any law applicable to, or the governing documents of, the
      Purchaser or of any agreement, written or oral, to which the Purchaser may
      be a party or by which the Purchaser is or may be bound;

	 	 	 
	 	(d) 	
      no brokers, finders or financial advisory fees or
      commissions will be payable by the Purchaser and/or any of its affiliates
      with respect to the transactions contemplated by this Agreement;

	 	 	 
	 	(e) 	
      the Purchaser understands that the Shares are being
      offered and sold in reliance on a transactional exemption from the
      registration requirement of Federal and state securities laws and the
      Vendor is relying upon the truth and accuracy of the representations,
      warranties, agreements, acknowledgments and understandings of such
      Purchaser set forth herein in order to determine the applicability of such
      exemptions and the suitability of such Purchaser to acquire the
    Shares;

	 	 	 
	 	(f) 	
      the Purchaser understands that the Shares must be held
      indefinitely unless such Shares are registered under the 1933 Act or an
      exemption from registration is available. The Purchaser acknowledges that
      it is familiar with Rule 144 of the rules and regulations of the
      Securities and Exchange Commission, as amended, promulgated pursuant to
      the 1933 Act (“Rule 144”), and that it has been advised that Rule 144
      permits resales only under certain circumstances. The Purchaser
      understands that to the extent that Rule 144 is not available, the
      Purchaser will be unable to sell any Shares without either registration
      under the 1933 Act or the existence of another exemption from such
      registration requirement;

	 	 	 
	 	(g) 	
      it has access to all of the books and records of the
      Company and accordingly agrees that it is familiar with and has access to
      information regarding the Company similar to information that would be
      available in a registration statement filed by the Company under the 1933
      Act;

	 	 	 
	 	(h) 	
      the Purchaser is an “accredited investor” as defined in
      Regulation D promulgated under the 1933 Act;

	 	 	 
	 	(i) 	
      the Purchaser acknowledges that such Purchaser has had
      the opportunity to ask questions of and receive answers from, or obtain
      additional information from, the executive officers of the Company
      concerning the financial and other affairs of the Company, and to the
      extent deemed necessary in light of such Purchaser’s personal knowledge of
      the Company’s affairs, such Purchaser has asked such questions and
      received answers to the full satisfaction of such Purchaser, and such
      Purchaser desires to invest in the Company;

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	 	(j) 	
      it is acquiring the Shares as principal for its own
      account, for investment purposes only, and not with a view to, or for,
      resale, distribution or fractionalization thereof, in whole or in part,
      and no other person has a direct or indirect beneficial interest in such
      Shares;

	 	 	 
	 	(k) 	
      it (i) has adequate net worth and means of providing for
      its current financial needs and possible personal contingencies, (ii) has
      no need for liquidity in this investment, and (iii) is able to bear the
      economic risks of an investment in the Shares for an indefinite period of
      time;

	 	 	 
	 	(l) 	
      the Purchaser is not an “underwriter” (as such term is
      defined in Section 2(11) of the 1993 Act) of any securities of the
      Company; and

	 	 	 
	 	(m) 	
      the Purchaser is not acquiring the Shares as a result of
      any form of general solicitation or general advertising including
      advertisements, articles, notices or other communications published in any
      newspaper, magazine or similar media or broadcast over radio, or
      television, or any seminar or meeting whose attendees have been invited by
      general solicitation or general advertising.

5. Legending and Registration of Subject
Shares

5.1 The Purchaser hereby acknowledges that a legend may be
placed on the certificates representing the Shares to the effect that the Shares
represented by such certificates are subject to a holding period and may not be
sold until the expiry of such holding period except as permitted by applicable
securities legislation.

5.2 The Purchaser hereby acknowledges and agrees to the Company
making a notation on its records or giving instructions to the registrar and
transfer agent of the Company in order to implement the restrictions on transfer
set forth and described in this Agreement.

5.3 The Purchaser may submit instructions to the Company and
the Company’s registrar and transfer agent to remove any legend placed on the
certificates representing the Shares upon the expiry of the relevant holding
period required by applicable securities legislation. Upon receipt of such
instructions, the Company will facilitate the removal of any such legend and the
Company’s registrar and transfer agent will deliver certificates representing
the Shares free of any such legend.

6. Termination

6.1 This Agreement may be terminated at any time prior to the
Closing (a) by the mutual consent of the Purchaser and the Vendor, or (b) by any
party hereto if the Closing has not occurred on or before the 15th
day of February, 2008.

6.2 In the event of the termination of this Agreement, this
Agreement shall terminate and the parties shall have no liabilities or
obligations to each other hereunder; provided that nothing contained herein
shall relieve any party of liability for fraud or willful breach of this
Agreement.

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7. Further Assurances

7.1 The parties to this Agreement hereby agree to execute and
deliver all such further documents and instruments and do all acts and things as
may be necessary or convenient to carry out the full intent and meaning of and
to effect the transactions contemplated by this Agreement.

8. Governing Law

8.1 This Agreement shall be governed by and construed and
interpreted solely in accordance with the laws of the State of New York without
regard to New York’s conflict of laws principles. The parties hereto irrevocably
consent to and choose the Federal and state courts located in New York County as
having sole and exclusive personal jurisdiction over the parties with regard to
any dispute that is related in any way to this agreement. The parties hereto
irrevocably consent to and choose the Federal and state courts located in New
York County as the sole and exclusive forum for any dispute related in any way
to this agreement and the parties irrevocably waive any and all objections to
this forum on the grounds that it is inconvenient or improper. The parties
hereto acknowledge and agree that New York has extensive contacts with any
transaction related to this agreement and this agreement was made and entered
into in the State of New York.

9. Survival

9.1 This Agreement, including without limitation the
representations and warranties contained herein, shall survive and continue in
full force and effect and be binding upon the parties hereto notwithstanding the
completion of the purchase of the Shares as contemplated herein.

10. Assignment

10.1 This Agreement is not transferable or assignable to any
person without the prior written consent of the other party hereto and any
attempt to do so will be void, except for assignments by operation of law.

11. Electronic Means

11.1 Delivery of an executed copy of this Agreement by
electronic facsimile transmission or other means of electronic communication
capable of producing a printed copy will be deemed to be execution and delivery
of this Agreement as of the date set forth on page one of this Agreement.

12. Severability

12.1 The invalidity or unenforceability of any particular
provision of this Agreement shall not affect or limit the validity or
enforceability of the remaining provisions of this Agreement.

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13. Entire Agreement

13.1 Except as expressly provided in this Agreement and in the
agreements, instruments and other documents contemplated or provided for herein,
this Agreement contains the entire agreement between the parties with respect to
the sale of the Shares and there are no other terms, conditions, representations
or warranties, whether expressed, implied, oral or written, by statute or common
law.

14. Notices

14.1 Any notice required or permitted to be given under this
Agreement will be validly given if in writing and delivered, sent by electronic
facsimile transmission or other means of electronic communication capable of
producing a printed copy or sent by prepaid registered mail, addressed to the
applicable party at its address indicated on the first page of this Agreement or
to such other address as any party may specify by notice in writing to the
other. Any notice delivered on a business day will be deemed conclusively to
have been effectively given on the date notice was delivered and any notice
given by electronic communication will be deemed conclusively to have been given
on the date of such transmission. Any notice sent by prepaid registered mail
will be deemed conclusively to have been effectively given on the third business
day after posting, but if at the time of posting or between the time of posting
and the fifth business day thereafter there is a strike, lockout or other labour
disturbance affecting postal service, then the notice will not be effectively
given until actually delivered.

15. Counterparts

15.1 This Agreement may be executed in any number of
counterparts, each of which, when so executed and delivered, shall constitute an
original and all of which together shall constitute one instrument.

16. Currency

16.1 Unless otherwise provided, all dollar amounts referred to
in this Agreement are in lawful money of the United States.

[SIGNATURE APPEARS ON FOLLOWING PAGE]

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IN WITNESS WHEREOF the parties hereto have duly executed
this Agreement as of the 11th day of February,
2008.

FULL SCOPE GROUP LIMITED

By: /s/ Bondy Tan 
Authorized Signatory 
Name:
Bondy Tan 
Title: Director 

EASTERN ADVISOR OFFSHORE FUND, LTD.

By: /s/ Jerry Koljenovic 
Authorized Signatory

Name: Jerry Koljenovic 
Title: Chief Financial OfficerEX10.8

Exhibit 10.8

REGISTRATION RIGHTS AGREEMENT

Registration Rights Agreement (the “Agreement”), dated as of October 2, 2007, by and between MediaG3, Inc., a corporation organized under the laws of State of Delaware, with its principal executive office at One Almaden Boulevard, Suite 310, San Jose, CA 95113 (the “Company”), and Dutchess Private Equities Fund, Ltd., a Cayman Islands exempted corporation, with its principal office at 50 Commonwealth Avenue, Suite 2, Boston, MA 02116 (the “Investor”).

Whereas, in connection with the Investment Agreement by and between the Company and the Investor of this date (the “Investment Agreement”), the Company has agreed to issue and sell to the Investor an indeterminate number of shares of the Company’s Common Stock, $.001par value per share (the “Common Stock”), to be purchased pursuant to the terms and subject to the conditions set forth in the Investment Agreement; and 

Whereas, to induce the Investor to execute and deliver the Investment Agreement, the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the “1933 Act”), and applicable state securities laws, with respect to the shares of Common Stock issuable pursuant to the Investment Agreement.

Now therefore, in consideration of the foregoing promises and the mutual covenants contained hereinafter and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Investor hereby agree as follows: 

Section 1.  DEFINITIONS.

As used in this Agreement, the following terms shall have the following meanings:

“Execution Date” means the date of this Agreement set forth above.

“Investor” means Dutchess Private Equities Fund, Ltd., a Cayman Islands exempted corporation.

“Person” means a corporation, a limited liability company, an association, a partnership, an organization, a business, an individual, a governmental or political subdivision thereof or a governmental agency. 

“Principal Market” shall mean The American Stock Exchange, National Association of Securities Dealer’s, Inc., Over-the-Counter electronic bulletin board, the Nasdaq National Market or The Nasdaq SmallCap Market whichever is the principal market on which the Common Stock of the Company is listed. 

 

“Register,” “Registered,” and “Registration” refer to the Registration effected by preparing and filing one (1) or more Registration Statements in compliance with the 1933 Act and pursuant to Rule 415 under the 1933 Act or any successor rule providing for offering securities on a continuous basis (“Rule 415”), and the declaration or ordering of effectiveness of such Registration Statement(s) by the United States Securities and Exchange Commission (the “SEC”).

“Registrable Securities” means (i) the shares of Common Stock issued or issuable pursuant to the Investment Agreement, and (ii) any shares of capital stock issued or issuable with respect to such shares of Common Stock, if any, as a result of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise, which have not been (x) included in the Registration Statement that has been declared effective by the SEC, or (y) sold under circumstances meeting all of the applicable conditions of Rule 144 (or any similar provision then in force) under the 1933 Act.

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“Registration Statement” means the registration statement of the Company filed under the 1933 Act covering the Registrable Securities.

All capitalized terms used in this Agreement and not otherwise defined herein shall have the same meaning ascribed to them as in the Investment Agreement. 

Section 2.  REGISTRATION.

(a)  The Company shall, within twenty-one (21) days of the date of this Agreement, file with the SEC the Registration Statement or Registration Statements (as is necessary) on Form SB-2 (or, if such form is unavailable for such a registration, on such other form as is available for such registration), covering the resale of all of the Registrable Securities, which Registration Statement(s) shall state that, in accordance with Rule 416 promulgated under the 1933 Act, such Registration Statement also covers such indeterminate number of additional shares of Common Stock as may become issuable upon stock splits, stock dividends or similar transactions.  The Company shall initially register for resale 7,000,000 shares of Common Stock which would be issuable on the date preceding the filing of the Registration Statement based on the closing bid price of the Company’s Common Stock on such date and the amount reasonably calculated that represents Common Stock issuable to other parties as set forth in the Investment Agreement except to the extent that the SEC requires the share amount to be reduced as a condition of effectiveness.

(b)  The Company shall use all commercially reasonable efforts to have the Registration Statement(s) declared effective by the SEC within ninety (90) calendar days after the Execution Date. 

(c)  The Company agrees not to include any other securities in the Registration Statement covering the Registrable Securities without Investor’s prior written consent which Investor may withhold in its sole discretion. Furthermore, the Company agrees that it will not file any other Registration Statement for other securities, until thirty calendar days after the Registration Statement for the Registrable Securities is declared effective by the SEC.

Section 3.  RELATED OBLIGATIONS.

At such time as the Company is obligated to prepare and file the Registration Statement with the SEC pursuant to Section 2(a), the Company will effect the registration of the Registrable Securities in accordance with the intended method of disposition thereof and, with respect thereto, the Company shall have the following obligations:

(a)  The Company shall use all commercially reasonable efforts to cause such Registration Statement relating to the Registrable Securities to become effective within ninety (90) days after the Execution Date and shall keep such Registration Statement effective until the earlier to occur of  the date on which (A) the Investor shall have sold all the Registrable Securities; or (B) the Investor has no right to acquire any additional shares of Common Stock under the Investment Agreement (the “Registration Period”).  The Registration Statement (including any amendments or supplements thereto and prospectuses contained therein) shall not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein, or necessary to make the statements therein, in light of the circumstances in which they were made, not misleading. The Company shall use all commercially reasonable efforts to respond to all SEC comments within fifteen (15) business days from receipt of such comments by the Company. The Company shall use all commercially reasonable efforts to cause the Registration Statement relating to the Registrable Securities to become effective no later than five  (5)  business days after notice from the SEC that the Registration Statement may be declared effective.  The Investor agrees to provide all information which it is required by law to provide to the Company, including the intended method of disposition of the Registrable Securities, and the Company’s obligations set forth above shall be conditioned on the receipt of such information.

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(b)  The Company shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements to the Registration Statement and the prospectus used in connection with such Registration Statement, which prospectus is to be filed pursuant to Rule 424 promulgated under the 1933 Act, as may be necessary to keep such Registration Statement effective during the Registration Period, and, during such period, comply with the provisions of the 1933 Act with respect to the disposition of all Registrable Securities of the Company covered by such Registration Statement until such time as all of such Registrable Securities shall have been disposed of in accordance with the intended methods of disposition by the Investor thereof as set forth in such Registration Statement.  In the event the number of shares of Common Stock covered by the Registration Statement filed pursuant to this Agreement is at any time insufficient to cover all of the Registrable Securities, the Company shall amend such Registration Statement, or file a new Registration Statement (on the short form available therefor, if applicable), or both, so as to cover all of the Registrable Securities, in each case, as soon as practicable, but in any event within thirty (30) calendar days after the necessity therefor arises (based on the then Purchase Price of the Common Stock and other relevant factors on which the Company reasonably elects to rely), assuming the Company has sufficient authorized shares at that time, and if it does not, within thirty (30) calendar days after such shares are authorized.  The Company shall use commercially reasonable efforts to cause such amendment and/or new Registration Statement to become effective as soon as practicable following the filing thereof. 

(c)  The Company shall make available to the Investor whose Registrable Securities are included in any Registration Statement and its legal counsel without charge (i) promptly after the same is prepared and filed with the SEC at least one (1) copy of such Registration Statement and any amendment(s) thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits, the prospectus included in such Registration Statement (including each preliminary prospectus) and, with regards to such Registration Statement(s), any correspondence by or on behalf of the Company to the SEC or the staff of the SEC and any correspondence from the SEC or the staff of the SEC to the Company or its representatives; (ii) upon the effectiveness of any Registration Statement, the Company shall make available copies of the prospectus, via EDGAR, included in such Registration Statement and all amendments and supplements thereto; and (iii) such other documents, including copies of any preliminary or final prospectus, as the Investor may reasonably request from time to time in order to facilitate the disposition of the Registrable Securities.

 

(d)  The Company shall use commercially reasonable efforts to (i) register and qualify the Registrable Securities covered by the Registration Statement under such other securities or “blue sky” laws of such states in the United States as the Investor reasonably requests; (ii) prepare and file in those jurisdictions, such amendments (including post-effective amendments) and supplements to such registrations and qualifications as may be necessary to maintain the effectiveness thereof during the Registration Period; (iii) take such other actions as may be necessary to maintain such registrations and qualifications in effect at all times during the Registration Period, and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions; provided, however, that the Company shall not be required in connection therewith or as a condition thereto to (x) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3(d), or (y) subject itself to general taxation in any such jurisdiction.  The Company shall promptly notify the Investor who holds Registrable Securities of the receipt by the Company of any notification with respect to the suspension of the registration or qualification of any of the Registrable Securities for sale under the securities or “blue sky” laws of any jurisdiction in the United States or its receipt of actual notice of the initiation or threatening of any proceeding for such purpose.

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(e)  As promptly as practicable after becoming aware of such event, the Company shall notify Investor in writing of the happening of any event as a result of which the prospectus included in the Registration Statement, as then in effect, includes an untrue statement of a material fact or omission to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading (“Registration Default”) and use all diligent efforts to promptly prepare a supplement or amendment to such Registration Statement and take any other necessary steps to cure the Registration Default (which, if such Registration Statement is on Form S-3, may consist of a document to be filed by the Company with the SEC pursuant to Section 13(a), 13(c), 14 or 15(d) of the 1934 Act (as defined below) and to be incorporated by reference in the prospectus) to correct such untrue statement or omission, and make available copies of such supplement or amendment to the Investor. The Company shall also promptly notify the Investor (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and when the Registration Statement or any post-effective amendment has become effective (the Company will prepare notification of such effectiveness which shall be delivered to the Investor on the same day of such effectiveness and by overnight mail), additionally, the Company will promptly provide to the Investor, a copy of the effectiveness order prepared by the SEC once it is received by the Company; (ii) of any request by the SEC for amendments or supplements to the Registration Statement or related prospectus or related information, (iii) of the Company’s reasonable determination that a post-effective amendment to the Registration Statement would be appropriate, (iv) in the event the Registration Statement is no longer effective, or (v) if the Registration Statement is stale as a result of the Company’s failure to timely file its financials or otherwise. The Company acknowledges that its failure to cure the Registration Default within ten (10) business days will cause the Investor to suffer damages in an amount that will be difficult to ascertain.  Accordingly, the parties agree that it is appropriate to include a provision for liquidated damages.  The parties acknowledge and agree that the liquidated damages provision shall be five thousand dollars ($5,000) per day, and that amount represents the parties’ good faith effort to quantify such damages and, as such, agree that the form and amount of such liquidated damages are reasonable and will not constitute a penalty.  It is the intention of the parties that interest payable under any of the terms of this Agreement shall not exceed the maximum amount permitted under any applicable law. If a law, which applies to this Agreement, which sets the maximum interest amount, is finally interpreted so that the interest in connection with this Agreement exceeds the permitted limits, then: (1) any such interest shall be reduced by the amount necessary to reduce the interest to the permitted limit; and (2) any sums already collected (if any) from the Company which exceed the permitted limits will be refunded to the Company.  The Investor may choose to make this refund by reducing the amount that the Company owes under this Agreement or by making a direct payment to the Company.  If a refund reduces the amount that the Company owes the Investor, the reduction will be treated as a partial payment.  

(f)  The Company shall use all commercially reasonable efforts to prevent the issuance of any stop order or other  suspension of effectiveness of the Registration Statement, or the suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction and, if such an order or suspension is issued,  to obtain the withdrawal of such order or suspension at the earliest possible moment and to notify the Investor holding Registrable Securities being sold of the issuance of such order and the  resolution thereof or its receipt of actual notice of the initiation or threat of any proceeding concerning the effectiveness of the registration statement.

(g)  The Company shall permit the Investor and one (1) legal counsel, designated by the Investor, to review and comment upon the Registration Statement and all amendments and supplements thereto at least one (1)  calendar day prior to their filing with the SEC.  

However, any postponement of a filing of a Registration Statement or any postponement of a request for acceleration or any postponement of the effective date or effectiveness of a Registration Statement by written request of the Investor (collectively, the "Investor's Delay") shall not act to trigger any penalty of any kind, or any cash amount due or any in-kind amount due the Investor from the Company under any and all agreements of any nature or kind between the Company and the Investor.  The event(s) of an Investor's Delay shall act to suspend all obligations of any kind or nature of the Company under any and all agreements of any nature or kind between the Company and the Investor.   

(h)  INTENTIONALLY OMITTED.

(i)  The Company shall hold in confidence and not make any disclosure of information concerning the Investor unless (i) disclosure of such information is necessary to comply with federal or state securities laws, (ii) the disclosure of such information is necessary to avoid or correct a misstatement or omission in any Registration Statement, (iii) the release of such information is ordered pursuant to a subpoena or other final, non-appealable order from a court or governmental body of competent jurisdiction, or (iv) such information has been made generally available to the public other than by disclosure in violation of this Agreement or any other agreement.  The Company agrees that it shall, upon learning that disclosure of such information concerning the Investor is sought in or by a court or governmental body of competent jurisdiction or through other means, give prompt written notice to the Investor and allow the Investor, at the Investor’s expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order covering such information.

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(j)  The Company shall use all commercially reasonable efforts to maintain designation and quotation of all the Registrable Securities covered by any Registration Statement on the Principal Market.  If, despite the Company’s commercially reasonable efforts, the Company is unsuccessful in satisfying the preceding sentence, it shall use commercially reasonable efforts to cause all the Registrable Securities covered by any Registration Statement to be listed on each other national securities exchange and automated quotation system, if any, on which securities of the same class or series issued by the Company are then listed, if any, if the listing of such Registrable Securities is then permitted under the rules of such exchange or system.  The Company shall pay all fees and expenses in connection with satisfying its obligation under this Section 3(j).

(k)  The Company shall cooperate with the Investor to facilitate the prompt preparation and delivery of certificates representing the Registrable Securities to be offered pursuant to the Registration Statement and enable such certificates to be in such denominations or amounts, as the case may be, as the Investor may reasonably request (and after any sales of such Registrable Securities by the Investor, such certificates not bearing any restrictive legend).

(l)  The Company shall provide a transfer agent for all the Registrable Securities not later than the effective date of the first Registration Statement filed pursuant hereto.

(m)  If requested by the Investor, the Company shall (i) as soon as reasonably practical incorporate in a prospectus supplement or post-effective amendment such information as the Investor reasonably determines should be included therein relating to the sale and distribution of Registrable Securities, including, without limitation, information with respect to the offering of the Registrable Securities to be sold in such offering; (ii) make all required filings of such prospectus supplement or post-effective amendment as soon as reasonably possible after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; and (iii) supplement or make amendments to any Registration Statement if reasonably requested by the Investor.

(n)  The Company shall use all commercially reasonable efforts to cause the Registrable Securities covered by the applicable Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to facilitate the disposition of such Registrable Securities.

(o)  The Company shall otherwise use all commercially reasonable efforts to comply with all applicable rules and regulations of the SEC in connection with any registration hereunder.

(p)  Within one (1) business day after the Registration Statement which includes Registrable Securities is declared effective by the SEC, the Company shall deliver to the transfer agent for such Registrable Securities, with copies to the Investor, confirmation that such Registration Statement has been declared effective by the SEC.

(q)  The Company shall take all other reasonable actions necessary to expedite and facilitate disposition by the Investor of Registrable Securities pursuant to the Registration Statement.

Section 4.  OBLIGATIONS OF THE INVESTOR.

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(a)  At least five (5) calendar days prior to the first anticipated filing date of the Registration Statement  the Company shall notify the Investor in writing of the information the Company requires from the Investor for the Registration Statement.  It shall be a condition precedent to the obligations of the Company to complete the registration pursuant to this Agreement with respect to the Registrable Securities and the Investor agrees to furnish to the Company that information regarding itself, the Registrable Securities and the intended method of disposition of the Registrable Securities as shall reasonably be required to effect the registration of such Registrable Securities and the Investor shall execute such documents in connection with such registration as the Company may reasonably request.  The Investor covenants and agrees that, in connection with any sale of Registrable Securities by it pursuant to the Registration Statement, it shall comply with the “Plan of Distribution” section of the then current prospectus relating to such Registration Statement.

(b)  The Investor, by its acceptance of the Registrable Securities, agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of any Registration Statement hereunder, unless the Investor has notified the Company in writing of an election to exclude all of the Investor’s Registrable Securities from such Registration Statement. 

(c)  The Investor agrees that, upon receipt of written notice from the Company of the happening of any event of the kind described in Section 3(f) or the first sentence of 3(e), the Investor will immediately discontinue disposition of Registrable Securities pursuant to any Registration Statement(s) covering such Registrable Securities until the Investor’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(f) or the first sentence of 3(e)

Section 5.  EXPENSES OF REGISTRATION.

All expenses, other than underwriting discounts and commissions and other than as set forth in the Investment Agreement, incurred in connection with registrations including comments, filings or qualifications pursuant to Sections 2 and 3, including, without limitation, all registration, listing and qualifications fees, printing and accounting fees, and fees and disbursements of counsel for the Company or for the Investor shall be paid by the Company.

Section 6.  INDEMNIFICATION.

In the event any Registrable Securities are included in the Registration Statement under this Agreement:

(a)  To the fullest extent permitted by law, the Company, under this Agreement, will, and hereby does, indemnify, hold harmless and defend the Investor who holds Registrable Securities, the directors, officers, partners, employees, counsel, agents, representatives of, and each Person, if any, who controls, any Investor within the meaning of the 1933 Act or the Securities Exchange Act of 1934, as amended (the “1934 Act”) (each, an “Indemnified Person”), against any losses, claims, damages, liabilities, judgments, fines, penalties, charges, costs, attorneys’ fees, amounts paid in settlement or expenses, joint or several (collectively, “Claims”), incurred in investigating, preparing or defending any action, claim, suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative or other regulatory agency, body or the SEC, whether pending or threatened, whether or not an indemnified party is or may be a party thereto (“Indemnified Damages”), to which any of them may become subject insofar as such Claims (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue statement of a material fact in the Registration Statement or any post-effective amendment thereto or in any filing made in connection with the qualification of the offering under the securities or other “blue sky” laws of any jurisdiction in which the Investor has requested in writing that the Company register or qualify the Shares (“Blue Sky Filing”), or the omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which the statements therein were made, not misleading, (ii) any untrue statement or alleged untrue statement of a 

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material fact contained in the final prospectus (as amended or supplemented, if the Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any material fact necessary to make the statements made therein, in light of the circumstances under which the statements therein were made, not misleading, or (iii) any violation or alleged violation by the Company of the 1933 Act, the 1934 Act, any other law, including, without limitation, any state securities law, or any rule or regulation thereunder relating to the offer or sale of the Registrable Securities pursuant to the Registration Statement (the matters in the foregoing clauses (i) through (iii) being, collectively, “Violations”).  Subject to the restrictions set forth in Section 6(c) the Company shall reimburse the Investor and each such controlling person, promptly as such expenses are incurred and are due and payable, for any reasonable legal fees or other reasonable expenses incurred by them in connection with investigating or defending any such Claim. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section 6(a): (i) shall not apply to a Claim arising out of or based upon a Violation which is due to the inclusion in the Registration Statement of the information furnished to the Company by any Indemnified Person expressly for use in connection with the preparation of the Registration Statement or any such amendment thereof or supplement thereto; (ii) shall not be available to the extent such Claim is based on (a) a failure of the Investor to deliver or to cause to be delivered the prospectus made available by the Company or (b) the Indemnified Person’s use of an incorrect prospectus despite being promptly advised in advance by the Company in writing not to use such incorrect prospectus;  (iii) any claims based on the manner of sale of the Registrable Securities by the Investor or of the Investor’s failure to register as a dealer under applicable securities laws; (iv) any omission of the Investor to notify the Company of any material fact that should be stated in the Registration Statement or prospectus relating to the Investor or the manner of sale; and (v) any amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of the Company, which consent shall not be unreasonably withheld.  Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnified Person and  shall survive the resale of the Registrable Securities by the Investor pursuant to the Registration Statement.

(b)  In connection with any Registration Statement in which Investor is participating, the Investor agrees to severally and jointly indemnify, hold harmless and defend, to the  same extent and in the same manner as is set forth in Section 6(a), the Company, each of its  directors, officers partners, employees, counsel, agents, representatives of, and each Person, if any, who controls the Company within the meaning of the 1933 Act or the 1934 Act and the Company’s agents (collectively and together with an Indemnified Person, an “Indemnified Party”), against any Claim or Indemnified Damages to which any of them may become subject, under the 1933 Act, the 1934 Act or otherwise, insofar as such Claim or Indemnified Damages arise out of or are based upon any Violation, in each case to the extent, and only to the extent, that such Violation is due to the inclusion in the Registration Statement of the written information furnished to the Company by the Investor expressly for use in connection with such Registration Statement; and, subject to Section 6(c), the Investor will reimburse the Indemnified Parties, promptly as such expenses are incurred and are due and payable, any legal or other expenses reasonably incurred by them in connection with investigating or defending any such Claim; provided, however, that the indemnity agreement contained in this Section 6(b) and the agreement with respect to contribution contained in Section 7 shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of the Investor, which consent shall not be unreasonably withheld; provided, further, however, that the Investor shall only be liable under this Section 6(b) for  that amount of a Claim or Indemnified Damages as does not exceed the net proceeds to such Investor as a result of the sale of Registrable Securities pursuant to such Registration Statement.  Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnified Party and shall survive the resale of the Registrable Securities by the Investor pursuant to the Registration Statement. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section 6(b) with respect to any preliminary prospectus shall not inure to the benefit of any Indemnified Party if the untrue statement or omission of material fact contained in the preliminary prospectus were corrected on a timely basis in the prospectus, as then amended or supplemented.  

 

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(c)  Promptly after receipt by an Indemnified Person or Indemnified Party under this Section 6 ofnotice of the commencement of any action or proceeding (including any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified Party shall, if a Claim in respect thereof is to be made against any indemnifying party under this Section 6, deliver to the indemnifying party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified Party, as the case may be; provided, however, that an Indemnified Person or Indemnified Party shall have the right to retain its own counsel with the fees and expenses to be paid by the indemnifying party, if, in the reasonable opinion of counsel retained by the Indemnified Person or Indemnified Party, the representation by counsel of the Indemnified Person or Indemnified Party and the indemnifying party would be inappropriate due to actual or potential differing interests between such Indemnified Person or Indemnified Party and any other party represented by such counsel in such proceeding.  The indemnifying party shall pay for only one (1) separate legal counsel for the Indemnified Persons or the Indemnified Parties, as applicable, and such counsel shall be selected by the Investor, if the Investor is entitled to indemnification hereunder, or the Company, if the Company is entitled to indemnification hereunder, as applicable.  The Indemnified Party or Indemnified Person shall cooperate fully with the indemnifying party in connection with any negotiation or defense of any such action or Claim by the indemnifying party and shall furnish to the indemnifying party all information reasonably available to the Indemnified Party or Indemnified Person which relates to such action or Claim.  The indemnifying party shall keep the Indemnified Party or Indemnified Person fully apprised at all times as to the status of the defense or any settlement negotiations with respect thereto.  No indemnifying party shall be liable for any settlement of any action, claim or proceeding effected without its written consent, provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without the consent of the Indemnified Party or Indemnified Person, consent to entry of any judgment or enter into any settlement or other compromise which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party or Indemnified Person of a release from all liability in respect to such Claim.  Following indemnification as provided for hereunder, the indemnifying party shall be subrogated to all rights of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations relating to the matter for which indemnification has been made.  The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnified Person or Indemnified Party under this Section 6, except to the extent that the indemnifying party is prejudiced in its ability to defend such action.

(d)  The indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified Party or Indemnified Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject to pursuant to the law.

Section 7.  CONTRIBUTION.

To the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by law; provided, however, that: (i) no contribution shall be made under circumstances where the maker would not have been liable for indemnification under the fault standards set forth in Section 6; (ii) no seller of Registrable Securities guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution from any seller of Registrable Securities who was not guilty of fraudulent misrepresentation; and (iii) contribution by any seller of Registrable Securities shall be limited in amount to the net amount of proceeds received by such seller from the sale of such Registrable Securities.

Section 8.

REPORTS UNDER THE 1934 ACT.

With a view to making available to the Investor the benefits of Rule 144 promulgated under the 1933 Act or any other similar rule or regulation of the SEC that may at any time permit the Investor to sell 

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securities of the Company to the public without registration (“Rule 144”), provided that the Investor holds any Registrable Securities eligible for resale under Rule 144 (k), the Company agrees to:

(a)

make and keep public information available, as those terms are understood and  defined in Rule 144;

(b)

file with the SEC in a timely manner all reports and other documents required of the Company under the 1933 Act and the 1934 Act so long as the Company remains subject to such requirements (it being understood that nothing herein shall limit the Company’s obligations under Section 5(c) of the Investment Agreement) and the filing of such reports and other documents is required for the applicable provisions of Rule 144; and

(c)

furnish to the Investor, promptly upon request, (i) a written statement by the Company that it has complied with the reporting requirements of Rule 144, the 1933 Act and the 1934 Act, (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested to permit the Investor to sell such securities pursuant to Rule 144 without registration.

Section 9.  NO ASSIGNMENT OF REGISTRATION RIGHTS.

The rights and obligations under this Agreement shall not be assignable.

Section 10.  AMENDMENT OF REGISTRATION RIGHTS.

The provisions of this Agreement may be amended only with the written consent of the Company and Investor.  

Section 11.  MISCELLANEOUS.

(a)  Any notices or other communications required or permitted to be given under the terms of this Agreement that must be in writing will be deemed to have been delivered (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided a confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); or (iii) one (1) day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to receive the same.  The addresses and facsimile numbers for such communications shall be:

If to the Company:

MediaG3, Inc.

Attn:  Chief Executive Officer

One Almaden, Suite 310

San Jose, CA 95113

Telephone: (408) 557-2800

Facsimile: (408) 557-8800

With a copy to:

Hopkins & Carley

Attn:  Cathryn S. Gawne, Esq.

70 South First Street

San Jose, CA  95113

Telephone: (408) 286-9800

Facsimile: (408) 938-6281

If to the Investor:

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Dutchess Private Equities Fund, LP

50 Commonwealth Ave, Suite 2

Boston, MA 02116

Telephone: (617) 301-4700

Facsimile:  (617) 249-0947

Each party shall provide five (5) business days prior notice to the other party of any change in address, phone number or facsimile number.

(b)  Failure of any party to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or remedy, shall not operate as a waiver thereof.

(c)   This Agreement and the Transaction Documents constitute the entire agreement among the parties hereto with respect to the subject matter hereof and thereof.  There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein and therein.

(d)  This Agreement and the Transaction Documents supersede all prior agreements and understandings among the parties hereto with respect to the subject matter hereof and thereof.

(e)  The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.  Whenever required by the context of this Agreement, the singular shall include the plural and masculine shall include the feminine.  This Agreement shall not be construed as if it had been prepared by one of the parties, but rather as if all the parties had prepared the same.

(f)  This Agreement may be executed in two or more identical counterparts, each of which shall be deemed an original but all of which shall constitute one and the same agreement.  This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

(g)  Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

(h) In case any provision of this Agreement is held by a court of competent jurisdiction to be excessive in scope or otherwise invalid or unenforceable, such provision shall be adjusted rather than voided, if possible, so that it is enforceable to the maximum extent possible, and the validity and enforceability of the remaining provisions of this Agreement will not in any way be affected or impaired thereby.

Section 12.  DISPUTES SUBJECT TO ARBITRATION GOVERNED BY MASSACHUSETTS LAW

All disputes arising under this agreement shall be governed by and interpreted in accordance with the laws of the Commonwealth of Massachusetts, without regard to principles of conflict of laws.  The parties to this agreement will submit all disputes arising under this agreement to arbitration in Boston, Massachusetts before a single arbitrator of the American Arbitration Association (“AAA”).  The arbitrator shall be selected by application of the Commercial Arbitration Rules of the AAA, or by mutual agreement of the parties, except that such arbitrator shall be an attorney admitted to practice law in the Commonwealth of Massachusetts.  No party to this agreement will challenge the jurisdiction or venue provisions as provided in this section.  Nothing contained herein shall prevent the party from obtaining an injunction or other provisional remedies from a court of appropriate jurisdiction .

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*.*.*

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SIGNATURE PAGE OF REGISTRATION RIGHTS AGREEMENT

Your signature on this Signature Page evidences your agreement to be bound by the terms and conditions of the Investment Agreement and the Registration Rights Agreement as of the date first written above. 

The undersigned signatory hereby certifies that he has read and understands the Registration Rights Agreement, and the representations made by the undersigned in this Registration Rights Agreement are true and accurate, and agrees to be bound by its terms. 

DUTCHESS PRIVATE EQUITIES FUND, LTD.

By:Douglas H. Leighton

Douglas H. Leighton, Director

MEDIAG3, INC.

By:William Yuan

     William Yuan, CEO

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