Document:

oxford8k071607ex10-8.htm

    
      

      

      EXHIBIT
        10.8

     

    

    

    
      

      

        
          	
                   

                   

                  SETTLEMENT
                    AND AMENDMENT

                  AGREEMENT

                   

                   

                

        

      

    

     

     

    
      

      OXFORD
        MEDIA, INC.

      and

      OXFORDSVI,
        INC.

      

      and

      

      SVI
        HEALTHCARE, INC.

      and

      MARSHA
        S. AND JAY M. GLAZER

      and

      THE
        MARITAL TRUST UNDER THE RICHARD L. OWENS

      TRUST
        DATED NOVEMBER 24, 1992

      and

      ANDREW
        RUBENSTEIN

      

      

      _____________,
        2007

    

     

     

    
      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      
         

        SETTLEMENT
          AND AMENDMENT AGREEMENT 

        
          

        

        
          

        

        
          I

          

          PARTIES

          

          THIS
            SETTLEMENT AND AMENDMENT AGREEMENT (the “Agreement”) is entered into as
            of the day of ____________, 2007 (the “Effective Date”), by and between OXFORD
            MEDIA, INC., a Nevada corporation (“OXMI”); and, OXFORDSVI, INC. (formerly known
            as SVI HOTEL CORPORATION), an Illinois corporation (“OxfordSVI”);
and, SVI HEALTHCARE, INC. (formerly known as SVI
            SYSTEMS, INC.), an Illinois corporation (“Healthcare”); MARSHA S. and JAY M.
            GLAZER (collectively “Glazer”); THE MARITAL TRUST UNDER THE RICHARD L. OWENS
            TRUST DATED NOVEMBER 24, 1992 (“Owens Trust”); and ANDREW RUBENSTEIN
            (“Rubenstein”). Glazer, Owens Trust, and Rubenstein are sometimes collectively
            referred to herein as the “SVI Sellers”, and each individually as an “SVI
            Seller”. The SVI Sellers and Healthcare are sometimes collectively referred
            to
            herein as the “SVI Parties”, and each individually as an “SVI Party”. OXMI and
            OxfordSVI are sometimes collectively referred to herein as the “Oxford Parties”,
            and each individually as an “Oxford Party”. The Oxford Parties and the SVI
            Parties are sometimes referred to collectively herein as the “Parties”, and each
            individually as a “Party”.

          

          II

          

          RECITALS

          

          A.      
                 OXMI and Healthcare previously entered into that
            certain Stock Purchase Agreement dated July 19, 2006 (the “Stock Purchase
            Agreement”), under which OXMI acquired all of the issued and outstanding shares
            of stock of OxfordSVI.

          

          B.        
               In connection with the Stock Purchase Agreement, OXMI issued a
            series of promissory notes in favor of the SVI Sellers, collectively
            represented
            by six (6) promissory notes in the total original principal balance of
            $2,450,000 (collectively, the “SVI Notes”).

          

          C.         
              Pursuant to and in satisfaction of a condition of the Stock Purchase
            Agreement, OxfordSVI and Healthcare entered into that certain Services
            and
            Support Agreement dated July 20, 2006 (the “Services Agreement”).

          

          D.          
             Pursuant to and in satisfaction of a condition of the Stock Purchase
            Agreement, OxfordSVI and Healthcare entered into that certain Sublease
            Agreement
            dated July 20, 2006 (the “Sublease”).

          

          E.           
            Pursuant to and in satisfaction of a condition of the Stock Purchase
            Agreement,
            the SVI Sellers were granted warrants to acquire a total of one million
            (1,000,000) shares of OXMI common stock (collectively, the
“Warrants”).

          

          

          F.           
            All capitalized terms used herein and not otherwise defined shall have
            the
            meanings assigned to such terms in the Stock Purchase Agreement, the
            Services
            Agreement, and the Sublease, as applicable.

          

          
            
              
              

            

            
              1

              
                

              

            

            
              
              

            

          

          G.    
                   The Oxford Parties believe that OXMI
            is entitled to certain offsets under the Stock Purchase Agreement and
            that OXMI
            does not owe any monies under any of the SVI Notes. The SVI Parties believe
            that
            no such offsets are available and that monies are currently due and owing
            under
            the SVI Notes.

          

          H.      
                 The Oxford Parties believe that OxfordSVI is
            entitled to certain offsets under the Services Agreement and the Sublease.
            The
            SVI Parties believe that no such offsets are available under the Services
            Agreement or the Sublease.

          

          I.        
                This Agreement is to specifically encompass all of the
            claims and related factual and legal circumstances noted above (collectively
            referred to as the “Disputes”), as well as to reflect certain aspects of the
            Parties’ relationship relating to a pending recapitalization of the Oxford
            Parties.

          

          J.        
                All Parties are desirous of settling the Disputes and
            releasing each other from all liability related to the Disputes provided
            the
            terms and conditions outlined below are satisfied.

          

          K.     
                  NOW, THEREFORE, in
            consideration of the promises and the mutual covenants contained herein,
            and for
            other good and valuable consideration, the receipt and sufficiency of
            which are
            hereby acknowledged, the Parties, intending to be legally bound, hereby
            agree as
            follows:

          

          III

          

          RELEASE

          

          3.1           Mutual
            Release. In consideration of the execution of this Agreement, the
            satisfaction of the terms and conditions of this Agreement, and other
            good and
            valuable consideration, the receipt and value of which is hereby confirmed,
            effective as of the Effective Date, the Oxford Parties, and each of them,
            hereby
            fully, finally, and forever settle and release the SVI Parties and their
            respective directors, officers, shareholders, affiliates, attorneys,
            agents,
            successors and assigns, and the SVI Parties, and each of them, hereby
            fully,
            finally, and forever settle and release the Oxford Parties and their
            respective
            directors, officers, shareholders, affiliates, attorneys, agents, successors
            and
            assigns, from any and all claims, losses, fines, penalties, damages,
            demands,
            judgments, debts, obligations, interests, liabilities, causes of action,
            breaches of duty, costs, expenses, judgments and injunctions of any nature
            whatsoever, whether known or unknown, from all relationships between
            the
            Parties, specifically including, but not limited to, the Disputes as
            of the
            Effective Date and specifically including, but not limited to, any claims
            or
            defenses arising out of the Stock Purchase Agreement as of the Effective
            Date
            (cumulatively referred to as the “Released Claims”). The Released Claims shall
            expressly not include any matters arising out of facts and circumstances
            arising
            or accruing after the Effective Date, and shall not include any matters
            arising
            out of this Agreement.

          

          3.2           Oxford
            Hold Harmless. Each of the Oxford Parties, for himself, herself,
            itself, their heirs, executors, administrators, successors, and assigns,
            hereby
            agrees to indemnify and hold harmless each of the SVI Parties, and their
            respective directors, officers, shareholders, affiliates, attorneys,
            agents,
            successors and assigns, from and against any and all claims of every
            nature and
            kind whatsoever relating to or arising out of the business of OxfordSVI,
            including any claims which any third party might have or might conceivably
            assert against any of the SVI Parties as result of the Stock Purchase
            Agreement
            or the conduct of the business of OxfordSVI and its predecessor SVI Hotel
            Corporation prior to the Effective Date (whether prior to or after the
            Closing
            under the Stock Purchase Agreement).

          

          
            
              
              

            

            
              2

              
                

              

            

            
              
              

            

          

          3.3           After
            Acquired Information. The Parties acknowledge that they may
            hereafter discover information, facts, or circumstances different from
            or in
            addition to those which they now know or believe to be true. This Agreement
            shall remain in full force and effect in all respects notwithstanding
            such
            discovery, and the Parties expressly accept and assume the risk of such
            possible
            additions to or differences from those facts now known or believed to
            be
            true.

          

          3.4           Assignment
            of Released Claims. The Parties hereby covenant that none of the
            Released Claims has been assigned to any other person, and that no other
            person
            has any interest in any of the Released Claims. In the event any other
            person
            asserts any interest with respect to the Released Claims, then the Party
            breaching this covenant shall indemnify the Party against whom such claim
            is
            asserted for any and all damages, costs, and fees.

          

          3.5           No
            Admission of Liability. Notwithstanding the terms and conditions of
            this Agreement, execution hereof shall in no manner or form constitute
            the
            admission of liability or responsibility of either Party in respect to
            the
            Disputes.

          

          3.6           Independent
            Legal Counsel. The Parties to this Agreement warrant, represent,
            and agree that in executing this Agreement, they do so with full knowledge
            of
            the rights each may have with respect to the other Parties, and that
            each has
            received, or has had the opportunity to receive, independent legal advice
            as to
            these rights. Each of the Parties has executed this Agreement with full
            knowledge of these rights, and under no fraud, duress, or undue
            influence.

          

          IV

          

          TREATMENT
            OF SVI NOTES, WARRANTS, AND RELATED RIGHTS

          

          4.1           Exchange
            Agreement. Concurrent with the execution of this Agreement, the SVI
            Sellers shall execute that certain Securities Exchange Agreement, attached
            hereto as Exhibit 4.1 and incorporated herein by reference (the “Exchange
            Agreement”).

          

           4.1.1.        Application.
            The SVI Sellers hereby agree to be bound by all applicable terms and
            conditions
            of the Exchange Agreement.

          

           4.1.2.        Conflicts.
            In the event of any conflict between this Agreement and the Exchange
            Agreement,
            the terms and conditions of the Exchange Agreement shall expressly
            control.

          

           4.1.3.        Breach.
            A material breach of the Exchange Agreement by OXMI shall be deemed a
            material
            breach of this Agreement as well up to and until such breach is cured,
            if at
            all, by OXMI.

          

          4.2           SVI
            Notes. Each and all of the SVI Notes shall be converted as provided
            under the Exchange Agreement. Thereafter, the SVI Notes shall be deemed
            to have
            been “converted”, as that term is commonly defined in a business context, and of
            no further force and effect.

          

          
            
              
              

            

            
              3

              
                

              

            

            
              
              

            

          

          4.3           Warrants.
            Each and all of the Warrants shall be exercised as provided under the
            Exchange
            Agreement, which shall be on a “cash-less” basis, as that term is commonly
            defined in a business context. Thereafter, the Warrants shall be deemed
            to have
            been “exercised”, and of no further force and effect.

          

          4.4           Board
            Observer Rights. The Board Observer rights granted to Healthcare
            under the Section 15.5 of the Stock Purchase Agreement shall remain in
            full
            force and effect through 31 December 2009. In all other respects, the
            provisions
            of Section 15.5 of the Stock Purchase Agreement shall remain
            unchanged.

          

          V

          

          AMENDMENT
            OF SERVICES AGREEMENT

          

          5.1           Agreed
            Upon Changes and Terms. With regard to the Services Agreement, the
            Parties hereby agree to the following amendments and provisions:

          

             
            (a)           As of
            July 1, 2007, the Parties agree that neither Party owes the other Party any
            amounts in regard to the Credit set forth in Section 5.6 of the Services
            Agreement or any other amounts under the Services Agreement, except to
            the
            extent of the Credit set forth in subsection (b) below.

          

             
            (b)           From and
            after July 1, 2007, the available Credit under Section 5.6 shall be Seven
            Hundred Fifty Thousand Dollars ($750,000), which may be used as
            follows:

          

           (i)       
                A maximum of One Hundred Fifty Hundred Thousand Dollars
            ($150,000) of the Credit may be applied after the Effective Date up to
            and until
            December 31, 2007.

          

           (ii)           A
            maximum of Two Hundred Fifty Hundred Thousand Dollars ($250,000) of the
            Credit
            may be applied during calendar year 2008.

          

           (iii)          A
            maximum of Two Hundred Fifty Hundred Thousand Dollars ($250,000) of the
            Credit
            may be applied during calendar year 2009.

          

           (iv)          The
            remainder, including rollover amounts pursuant to clause (v), below, (but
            not to exceed Two Hundred Fifty Thousand Dollars ($250,000)) of the Credit
            may
            be applied during calendar year 2010.

          

           (v)           To
            the extent that any portion of the available Credit for a specific calendar
            year
            is not exhausted in that calendar year, the unused portion shall “roll-over” to
            future calendar years, although the amount of Credit used in any successive
            year
            shall not exceed Two Hundred Fifty Thousand Dollars ($250,000).

          

           (vi           Any
            portion of the Credit remaining after December 31, 2010 may be applied
            in the
            same fashion under the Services Agreement through and until December
            31, 2012,
            and again subject to the same yearly limitation of Two Hundred Fifty
            Thousand
            Dollars ($250,000).

          

          
            
              
              

            

            
              4

              
                

              

            

            
              
              

            

          

           (vii)          To
            the extent that the full amount of the Credit is not exhausted by December
            31,
            2012, there shall be no further carry-over and no further payment or
            Credit
            available or due.

          

           (c)           The
            cost for all Field Services provided under the Services Agreement pursuant
            to
            the Field Service Support Agreement, which is attached as an Exhibit
            to the
            Services Agreement, shall be determined on a “most favored nation status”; the
            prices charged for Field Service Support will be no less favorable in
            any
            material respect than the fees or prices charged to any other customer
            entering into an agreement with the Oxford Parties with respect to Field
            Service
            Support, such that the price charged to SVI Parties will be the lower
            of the
            prices set forth in the Field Service Support Agreement (if applicable)
            and the
            prices charged to any other customer. Should the Oxford Parties enter
            into an
            agreement with another customer (other than an Affiliate of the Oxford
            Parties)
            providing more favorable prices for some or all of said services, then
            the price
            charged Healthcare will be automatically amended to provide the same
            more
            favorable prices. The Oxford Parties shall give Healthcare at least
            sixty (60) days’ notice of any price increases to be effective after
            December 31, 2008.

          

           (d)           Subject
            to the limitations set forth above and in the Sublease, the Credit may
            be used
            against any amounts due from Healthcare under the Services Agreement,
            except
            that the Credit may not be used against any purchases of new tangible
            assets
            purchased specifically at the request of Healthcare.

          

           (e)           The
            dispute resolution and notice provisions of the Services Agreement shall
            be
            modified as set forth in Sections 7.5, 7.13 and 7.15 of this
            Agreement.

          

          5.2           Remaining
            Terms and Conditions. Except as specifically amended by this
            Agreement, each and every term, covenant, and condition contained in
            the
            original Services Agreement shall persist and remain in full force and
            effect.

          

          VI

          

          AMENDMENT
            OF SUBLEASE

          

          6.1           Agreed
            Upon Changes and Provisions. With regard to the Sublease, the
            Parties hereby agree to the following amendments and provisions:

          

           (a)           Pursuant
            to Section 5.5 of the Sublease, the Credit may be used for the payment
            of all
            amounts due under the Sublease, except that no more than Five Thousand
            Dollars
            ($5,000) per month may be applied from the Credit against the payment
            of
            utilities, common area maintenance expenses, and maintenance supplies.
            The
            availability of the Credit to be applied under the Sublease shall survive
            the
            termination of the Services Agreement, but in no event later than December
            31,
            2012.

          

           (b)           The
            Term of the Sublease shall be contemporaneous with the occupancy of the
            Premises
            by any of the Oxford Parties, terminable at any time by Healthcare upon
            90-days
            advance written notice, unless the Sublease is terminated earlier due
            to the
            breach of the Agreement by Healthcare.

          

          
            
              
              

            

            
              5

              
                

              

            

            
              
              

            

          

           (c)           The
            dispute resolution and notice provisions of the Sublease shall be modified
            as
            set forth in Sections 7.5, 7.13 and 7.15 of this Agreement.

          

          6.2           Remaining
            Terms and Conditions. Except as specifically amended by this
            Agreement, each and every term, covenant, and condition contained in
            the
            original Sublease shall persist and remain in full force and
            effect.

          

          VII

          

          ADDITIONAL
            PROVISIONS

          

          7.1           Executed
            Counterparts. This Agreement may be executed in any number of
            counterparts, all of which when taken together shall be considered one
            and the
            same agreement, it being understood that all Parties need not sign the
            same
            counterpart. In the event that any signature is delivered by fax or by
            e-mail
            delivery of a “.pdf” or comparable format data file, such signature shall create
            a valid and binding obligation of the Party executing (or on whose behalf
            such
            signature is executed) with the same force and effect as if such facsimile
            or
“.pdf” signature page were an original thereof. Each of the Parties hereby
            expressly forever waives any and all rights to raise the use of a fax
            machine or
            e-mail to deliver a signature, or the fact that any signature or agreement
            or
            instrument was transmitted or communicated through the use of a fax machine
            or
            e-mail, as a defense to the formation of a contract.

          

          7.2           Successors
            and Assigns. Except as expressly provided in this Agreement, each
            and all of the covenants, terms, provisions, conditions and agreements
            herein
            contained shall be binding upon and shall inure to the benefit of the
            successors
            and assigns of the Parties hereto.

          

          

          7.3           Article
            and Section Headings. The article and section headings used in this
            Agreement are inserted for convenience and identification only and are
            not to be
            used in any manner to interpret this Agreement.

          

          7.4           Severability.
            Each and every provision of this Agreement is severable and independent
            of any
            other term or provision of this Agreement. If any term or provision hereof
            is
            held void or invalid for any reason by a court of competent jurisdiction,
            such
            invalidity shall not affect the remainder of this Agreement.

          

          7.5           Governing
            Law. This Agreement shall be governed by the laws of the State
            of
            New York, without giving effect to any choice or conflict of law provision
            or
            rule (whether of the State of New York or any other jurisdiction) that
            would
            cause the application of the laws of any jurisdiction other than the
            State of
            New York.

          

          7.6           Entire
            Agreement. This Agreement, and all references, documents, or
            instruments referred to herein, contains the entire agreement and understanding
            of the Parties hereto in respect to the subject matter contained herein.
            The
            Parties have expressly not relied upon any promises, representations,
            warranties, agreements, covenants, or undertakings, other than those
            expressly
            set forth or referred to herein. This Agreement supersedes any and all
            prior
            written or oral agreements, understandings, and negotiations between
            the Parties
            with respect to the subject matter contained herein.

          

          
            
              
              

            

            
              6

              
                

              

            

            
              
              

            

          

          7.7           Additional
            Documentation. The Parties hereto agree to execute, acknowledge,
            and cause to be filed and recorded, if necessary, any and all documents,
            amendments, notices, and certificates which may be necessary or convenient
            under
            the laws of the State of Illinois.

          

          7.8           Attorney’s
            Fees. If any legal action (including arbitration) is necessary
            to
            enforce the terms and conditions of this Agreement, the prevailing Party
            shall
            be entitled to costs and reasonable attorney’s fees.

          

          7.9           Amendment.
            This Agreement may be amended or modified only by a writing signed by
            all
            Parties.

          

          7.10         Remedies.  The
            remedies of the Parties under this Agreement are cumulative and shall
            not
            exclude any other remedies to which any person may be lawfully
            entitled.

          

          7.11         Waiver.
            No failure by any Party to insist on the strict performance of any covenant,
            duty, agreement, or condition of this Agreement or to exercise any right
            or
            remedy on a breach shall constitute a waiver of any such breach or of
            any other
            covenant, duty, agreement, or condition.

          

          7.12         Assignability.
            This Agreement is not assignable by either Party without the expressed
            written
            consent of all Parties.

          

          7.13         Notices.
            All notices, requests and demands hereunder shall be in writing and delivered
            by
            hand, by facsimile transmission, by e-mail, or by recognized commercial
            over-night delivery service (such as Federal Express, UPS, or DHL), and
            shall be
            deemed given as of the time and date reflected on the delivery receipt
            customary
            for such means of transmission, if one exists.

          

          7.14         Time.
            All Parties agree that time is of the essence as to this Agreement.

          

          7.15         Disputes.
            The Parties agree that the dispute resolution procedures (INCLUDING VENUE
            PROVISIONS AND WAIVERS OF JURY TRIAL, EACH OF WHICH IS SPECIFICALLY REAFFIRMED)
            set forth in Section 5.9 of the Exchange Agreement shall govern in the
            event of any disputes or controversies arising under this Agreement,
            the
            Exchange Agreement, the Services Agreement, the Sublease, or any other
            document
            executed in connection with the transactions contemplated hereby.

          

          7.16         Provision
            Not Construed Against Party Drafting Agreement. This Agreement is
            the result of negotiations by and between the Parties, and each Party
            has had
            the opportunity to be represented by independent legal counsel of its
            choice.
            This Agreement is the product of the work and efforts of all Parties,
            and shall
            be deemed to have been drafted by all Parties. In the event of a dispute,
            no
            Party hereto shall be entitled to claim that any provision should be
            construed
            against any other Party by reason of the fact that it was drafted by
            one
            particular Party.

          

          7.17         Incorporation
            of Exhibits and Schedules. The Exhibits and Schedules identified in
            this Agreement are incorporated herein by reference and made a part hereof
            as if
            set out in full herein.

          

          7.18         Recitals.
            The facts recited in Article II, above, are hereby conclusively presumed
            to be
            true as between and affecting the Parties.

          

          
            
              
              

            

            
              7

              
                

              

            

            
              
              

            

          

          7.19         Consents,
            Approvals, and Discretion. Except as herein expressly provided to
            the contrary, whenever this Agreement requires consent or approval to
            be given
            by a Party, or a Party must or may exercise discretion, the Parties agree
            that
            such consent or approval shall not be unreasonably withheld, conditioned,
            or
            delayed, and such discretion shall be reasonably exercised.  Except as
            otherwise provided herein, if no response to a consent or request for
            approval
            is provided within ten (10) days from the receipt of the request, then
            the
            consent or approval shall be presumed to have been given.

          

          7.20         No
            Third Party Beneficiaries.  This Agreement has been
            entered into solely by and between the Parties, solely for their benefit.
            There
            is no intent by either Party to create or establish a third party beneficiary
            to
            this Agreement, and no such third party shall have any right to enforce
            any
            right, claim, or cause of action created or established under this
            Agreement.

          

          7.21         Best
            Efforts. The Parties shall use and exercise their best efforts,
            taking all reasonable, ordinary and necessary measures to ensure an orderly
            and
            smooth relationship under this Agreement, and further agree to work together
            and
            negotiate in good faith to resolve any differences or problems which
            may arise
            in the future.

          

          7.22         Definitional
            Provisions. For purposes of this Agreement, (i) those words, names,
            or terms which are specifically defined herein shall have the meaning
            specifically ascribed to them; (ii) wherever from the context it appears
            appropriate, each term stated either in the singular or plural shall
            include the
            singular and plural; (iii) wherever from the context it appears appropriate,
            the
            masculine, feminine, or neuter gender, shall each include the others;
            (iv) the
            words “hereof”, “herein”, “hereunder”, and words of similar import, when used in
            this Agreement, shall refer to this Agreement as a whole, and not to
            any
            particular provision of this Agreement; (v) all references to designated
            “Articles”, “Sections”, and to other subdivisions are to the designated
            Articles, Sections, and other subdivisions of this Agreement as originally
            executed; (vi) all references to “Dollars” or “$” shall be construed as being
            United States dollars; (vii) the term “including” is not limiting and means
“including without limitation”; and, (viii) all references to all statutes,
            statutory provisions, regulations, or similar administrative provisions
            shall be
            construed as a reference to such statute, statutory provision, regulation,
            or
            similar administrative provision as in force at the date of this Agreement
            and
            as may be subsequently amended.

          

          

          [Signature
            Page Follows]

          

          

          

          

          

          

          

          

          

          

          

          
            
              
              

            

            
              8

              
                

              

            

            
              
              

            

          

          V

          

          EXECUTION

          

          IN
            WITNESS WHEREOF, this SETTLEMENT AND AMENDMENT AGREEMENT has been duly
            executed by the Parties and shall be effective as of and on the Effective
            Date
            set forth in Article I of this Agreement. Each of the undersigned Parties
            hereby
            represents and warrants that it (i) has the requisite power and authority
            to
            enter into and carry out the terms and conditions of this Agreement,
            as well as
            all transactions contemplated hereunder; and, (ii) it is duly authorized
            and
            empowered to execute and deliver this Agreement.

          

          
            	
                    OXMI:

                  	
                    OXFORDSVI:

                  
	 	 
	
                    OXFORD
                      MEDIA, INC.,

                  	
                    OXFORDSVI,
                      INC.,

                  
	
                    a
                      Nevada corporation

                  	
                    an
                      Illinois corporation

                  
	 	 
	 	 
	
                    BY:  __________________________

                  	
                    BY:  __________________________

                  
	
                    NAME:  _______________________

                  	
                    NAME:  _______________________

                  
	
                    TITLE:  
                      _______________________

                  	
                    TITLE:
                        _______________________

                  
	
                    DATED:  ______________________

                  	
                    DATED:  ______________________

                  
	 	 
	
                    HEALTHCARE:

                  	
                    GLAZER:

                  
	 	 
	
                    SVI
                      HEALTHCARE, INC.,

                  	 
	
                    an
                      Illinois corporation

                  	
                    __________________________

                  
	 	
                    JAY
                      M. GLAZER

                  
	 	
                    DATED:  ______________________

                  
	
                    BY:  __________________________

                  	 
	
                    NAME:  _______________________

                  	 
	
                    TITLE:
                        _______________________

                  	
                    __________________________

                  
	
                    DATED:  ______________________

                  	
                    MARSHA
                      S. GLAZER

                  
	 	
                    DATED:  ______________________

                  
	 	 
	 	 
	
                    OWENS
                      TRUST:

                  	
                    RUBENSTEIN:

                  
	
                    THE
                      MARITAL TRUST UNDER THE

                  	 
	
                    RICHARD
                      L. OWENS TRUST DATED

                  	
                    __________________________

                  
	
                    NOVEMBER
                      24, 1992

                  	
                    ANDREW
                      RUBENSTEIN

                  
	 	
                    DATED:  ______________________

                  
	 	 
	
                    BY:  __________________________

                  	 
	
                    NAME:  _______________________

                  	 
	
                    TITLE:
                        _______________________

                  	 
	
                    DATED:  ______________________

                  	 

          

           

           

           

          9oxford8k071607ex10-9.htm

    
      

      

      EXHIBIT
        10.9

     

    

    

    
      

      

        
          	
                   

                   

                  SETTLEMENT
                    AND RELEASE

                  AGREEMENT

                   

                   

                

        

      

    

    

    

    

    

    DAVID
      L. PARKER

    

    

    and

    

    OXFORD
      MEDIA, INC.

    

    

    

    

    

    

    

    

    

    

    

    

    EFFECTIVE
      DATE:

    _____________,
      2007

    

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    SETTLEMENT
      AND RELEASE AGREEMENT 
      

      

    

    
      

    

    I

    

    PARTIES

    

    THIS
      SETTLEMENT AND RELEASE AGREEMENT (the “Agreement”) is entered into
      effective as of the ____ day of ____________, 2007 (the “Effective Date”), by
      and between DAVID L. PARKER, an individual residing in the State of California
      (“Parker”); and, OXFORD MEDIA, INC., a Nevada
      corporation (“Oxford”). Parker and Oxford are sometimes referred to collectively
      herein as the “Parties”, and each individually as a “Party”.

    

    II

    

    RECITALS

    

    A.           Parker
      is employed by Oxford in order to render services pursuant to the terms and
      conditions of an Employment Agreement with an effective date of 01 October
      2005
      (the “Employment Agreement”), a copy of which is attached hereto as Exhibit
      II-A.

    

    B.           Parker
      also currently serves on the Board of Directors of Oxford (the
“Board”).

    

    C.           The
      Parties mutually desire to terminate Parker’s employment relationship without
      dispute or cause, effective as of the Termination Date (as defined in Section
      4.1, below), and to terminate Parker’s status as a member of the Board effective
      as of the Termination Date. Oxford conditionally offers to do so, provided
      Parker (i) enters into and complies with all of the terms and conditions of
      this
      Agreement, including but not limited to the provision of assurances to Oxford
      that he will not assert any claims of any kind against Oxford arising out of
      Parker’s employment with Oxford and his status as a member of the Board; and,
      (ii) abides by and honors his obligations to maintain and protect Oxford’s, and
      Oxford’s affiliates, subsidiaries, predecessors, parents, related businesses and
      entities’ Trade Secret and Confidential Information.

    

    D.           Parker
      conditionally offers to terminate his employment relationship without dispute,
      effective as of the Effective Date of this Agreement, and to terminate his
      status as a member of the Board effective as of the Termination Date, in
      exchange for valid consideration to be transferred by Oxford hereunder, so
      long
      as Oxford enters into and complies with all of the terms and conditions of
      this
      Agreement, including but not limited to the provision of assurances to Parker
      that Oxford will not assert any claims of any kind against Parker and
      specifically identified related parties arising out of Parker’s employment with
      Oxford and his status as a member of the Board.

    

    E.           This
      Agreement is to specifically encompass all of the claims and related factual
      and
      legal circumstances noted above (collectively referred to as the “Claims”). As
      such, it is the intent of the Parties that their respective rights and
      obligations to each other from this day forward shall be determined exclusively
      under the terms of this Agreement.

    

    F.           All
      Parties are desirous of settling the Claims and releasing each other from all
      future liability.

    

    

    
      
        
          
          

        

        
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    G.           NOW,
      THEREFORE, in consideration of the promises and the mutual covenants
      contained herein, and for other good and valuable consideration, the receipt
      and
      sufficiency of which are hereby acknowledged, the Parties, intending to be
      legally bound, hereby agree as follows:

    

    III

    

    RELEASE

    

    3.1          Exchange.
      In consideration of the execution of this Agreement and the satisfaction of
      the
      obligations of each of the respective Parties hereunder, and other good and
      valuable consideration, the receipt and value of which is hereby confirmed,
      Parker on the one hand, and Oxford on the other hand, shall hereby fully,
      finally, and forever settle and release each other from any and all claims,
      losses, fines, penalties, damages, demands, judgments, debts, obligations,
      interests, liabilities, causes of action, breaches of duty, costs, expenses,
      judgments and injunctions of any nature whatsoever, whether known or unknown,
      arising out of or related to the relationships between the Parties prior to
      the
      Effective Date, specifically including, but not limited to, the Claims
      (cumulatively referred to as the “Released Claims”).

    

    3.2          Complete
      Release and Hold Harmless. All Parties, for themselves, itself,
      their heirs, executors, administrators, successors, and assigns, hereby agree
      to
      release, discharge and hold harmless each other and the other’s directors,
      employees, shareholders, managers, officers, members, affiliates, subsidiaries,
      predecessors, parents, related businesses and entities, attorneys and each
      of
      their successors and assigns from any and all known and unknown claims of every
      nature and kind whatsoever which they now or hereafter may have with respect
      to
      each other and/or the Claims, notwithstanding Section 1542 of the California
      Civil Code, which provides that:

    

    "A
      GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW
      OR
      SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, AND WHICH
      IF
      KNOWN BY HIM, MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE
      DEBTOR."

    

    All
      rights under §1542 of the California Civil Code, as well as under any other
      statutes or common law principles of similar effect, are hereby expressly,
      fully, knowingly, intentionally and forever waived and relinquished by the
      Parties. Each Party hereby acknowledges that each understands the significance
      and consequences of such waiver under §1542 of the California Civil Code, and
      that each had the opportunity to seek the advice of legal counsel of its
      choice.

    

    3.3          Scope
      of Parker’s Release. Parker further expressly understands that the
      rights being waived hereunder specifically include, but are not limited to,
      any
      and all claims under (as any of the same may be amended from time to time)
      Title
      VII of the Civil Rights Act of 1964; Sections 1981 and 1983 of the Civil Rights
      Act of 1866; Equal Pay Act; Americans with Disabilities Act; Age Discrimination
      in Employment Act; Employee Retirement Income Security Act; Fair Labor Standards
      Act; Family and Medical Leave Act; WARN Act; the United States and California
      Constitutions; California Fair Employment and Housing Act; California Family
      Rights Act; California Labor Code; any applicable California Industrial Welfare
      Commission Wage Order; with respect to the foregoing constitutional and
      statutory references, any comparable constitution, statute or regulation of
      any
      other state; all claims of discrimination or harassment on account of race,
      sex,
      sexual orientation, national origin, religion, disability, age, pregnancy,
      veteran’s status, or any other protected status under any federal or state
      statute; any federal, state or local law enforcing express or implied employment
      contracts or covenants of good faith and fair dealing; any federal, state or
      local laws providing recourse for alleged wrongful discharge or constructive
      discharge, termination in violation of public policy, tort, physical or personal
      injury, emotional distress, fraud, negligent misrepresentation, defamation,
      and
      any similar or related claim; together with any claim under any other local,
      state or federal law or constitution governing employment, discrimination or
      harassment in employment, or the payment of wages or benefits, whether or not
      now known, suspected or claimed, which Parker ever had, now has, or may claim
      to
      have in the future as of the date of this Agreement. This Agreement and
      the scope of the release by Parker hereunder expressly includes any statutory
      claims, including, but not limited to, claims under the Age Discrimination
      in
      Employment Act (the “ADEA”) and the Older Workers’ Benefit Protection Act
      (“OWBPA”), except that this Agreement does not waive rights or claims under the
      ADEA which may arise after the Effective Date of this
      Agreement.

    

    

    
      
        
          
          

        

        
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    3.4          After
      Acquired Information. The Parties acknowledge that they may
      hereafter discover information, facts, or circumstances different from or in
      addition to those which they now know or believe to be true. Except as otherwise
      provided herein to the contrary, this Agreement shall remain in full force
      and
      effect in all respects notwithstanding such discovery, and the Parties expressly
      accept and assume the risk of such possible additions to or differences from
      those facts now known or believed to be true.

    

    3.5          Enforceability.
      The enforceability of this Agreement is conditioned upon each respective Party
      satisfying its respective obligations hereunder. Any action by either Party,
      whether or not permitted under applicable law, (i) constituting a material
      default hereunder; or, (ii) inconsistent with the concept of the complete
      release envisioned hereunder, shall, in the discretion of the other Party,
      constitute a material default of this Agreement rendering null and void the
      complete releases hereunder and the consideration issued hereunder.

    

    3.6          Assignment
      of Released Claims. The Parties hereby covenant that none of the
      Released Claims has been assigned to any other person, and that no other person
      has any interest in any of the Released Claims. In the event any other person
      asserts any interest with respect to the Released Claims, then the Party
      breaching this covenant shall fully defend and indemnify the Party against
      whom
      such claim is asserted for any and all damages, costs, and fees of any
      kind.

    

    3.7          Specific
      Exclusion. It is expressly understood that the release contained in
      this Agreement does not encompass or include any of the following:

    

     
      (a)           The
      promises and obligations of the Parties under this Agreement, including but
      not
      limited to the registration obligations of Oxford under Section 5.3, below;
      or

    

     
      (b)           The
      intentionally willful, tortious, or criminal acts of either Party after the
      execution of this Agreement; or

    

     
      (c)           Any and all
      indemnification rights available to Parker under applicable state law, none
      of
      which shall be deemed waived by Parker hereunder.

    

    3.8          No
      Admission of Liability. Notwithstanding the terms and conditions of
      this Agreement, execution hereof shall in no manner or form constitute the
      admission of liability or responsibility of either Party in respect to the
      Claims.

    

    

    

    

    

    
      
        
          
          

        

        
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    IV

    

    EMPLOYMENT
      RELATIONSHIP

    

    4.1         Voluntary
      Termination of Employment. The Parties agree that Parker
      voluntarily accepted termination of his employment with Oxford, and that his
      last day of employment by and with Oxford shall be deemed to be the 16th day of
      July, 2007
      (the “Termination Date”). As of the Termination Date and as additional
      consideration hereunder, Parker voluntarily resigned any and all positions
      he
      held in and with Oxford as an employee, and the Employment Agreement shall
      be
      deemed to be terminated.

    

    4.2         Voluntary
      Termination as a Board Member. The Parties agree that Parker
      voluntarily accepted termination of his position as a member of the Board,
      and
      that his last day as a member of the Board shall be deemed to be the Termination
      Date noted above. As of the Termination Date and as additional consideration
      hereunder, Parker voluntarily resigned his position as a member of the
      Board.

    

    4.3         Payment
      of Amounts Owed. The issuance of stock to be made by Oxford to
      Parker pursuant to Article V shall represent all amounts due Parker for unpaid
      and accrued wages and benefits, if applicable, including but not limited to
      sick
      leave, vacation time, severance, and all other amounts which may be due to
      Parker from Oxford hereafter, and Parker shall neither make, nor be entitled
      to
      any other amounts, except as provided in Section 4.4, below.

    

    4.4         Health
      Insurance. Oxford, at its sole cost and expense, shall maintain in
      full force and effect the health insurance benefits provided to Parker up to
      and
      until all of the Shares are fully registered pursuant to Section 5.3, below.
      Thereafter, such coverage shall terminate, unless Parker makes a proper election
      to continue such coverage under COBRA, in which case all such benefits shall
      be
      at his sole cost and expense. Any and all other coverage of any kind extending
      beyond the terms and conditions of this Agreement will be solely at the expense
      of Parker and subject to the terms and conditions of the documents governing
      the
      medical plan. It is the sole responsibility of Parker to comply with said terms
      and conditions, and Oxford will have no liability for the future failure of
      Parker to acquire COBRA coverage.

    

    4.5         Express
      Waiver of Any Other Amounts.  Parker hereby acknowledges
      that he is not entitled to receive, and will not claim, any damages, rights,
      benefits, or compensation other than as expressly set forth in this Agreement.
      Specifically, no vacation, benefits, earned or paid time off, or other
      accrual-based benefits of any kind (“Post Termination Benefits) will accrue,
      vest or otherwise be credited to Parker after the Effective Date. Parker
      expressly waives, foregoes and denies any right or claim to such Post
      Termination Benefits and acknowledges that no compensation, remuneration or
      other form of payment or benefit is forthcoming based thereon.

    

    /
      / / /
      /

    /
      / / /
      /

    

    V

    

    STOCK
      ISSUANCE

    

    

    
      
        
          
          

        

        
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    5.1         Shares.
      Upon execution hereof, Oxford shall issue to Parker six million three hundred
      thousand (6,300,000) shares of Oxford common stock (the “Shares”). The Shares
      shall be “restricted stock”, pursuant to and as that term is commonly defined
      under Rule 144 under the Securities Act of 1933 (the “Securities Act”). When
      issued the Shares will represent validly authorized, duly issued, and fully
      paid
      shares of common stock of Oxford, and the issuance thereof will not conflict
      with the Articles or Bylaws of Oxford or with any outstanding warrant, option,
      call, preemptive right or commitment of any type relating to Oxford’s common
      stock.

    

    5.2         Exchange
      Agreement and Related Transactions. Parker hereby expressly
      acknowledges and agrees as follows:

    

      (a)          He
      is concurrently executing a Securities Exchange Agreement (the “Exchange
      Agreement”), and the Shares shall be subject to all transactions envisioned
      under the Exchange Agreement, including but not limited to the reverse stock
      split, which will result in the number of Shares being significantly
      reduced.

    

     
      (b)          He will vote all
      of the Shares in favor of the reverse stock split, as referenced on the Voting
      Consent attached hereto as Exhibit 5.2(b).

    

    5.3         Registration
      Rights. Parker shall be afforded all rights and remedies under that
      certain Registration Rights Agreement, attached hereto as Exhibit 5.3 (the
      “Rights Agreement”), including but not limited to liquidated damages. Pursuant
      to the Rights Agreement, the Shares shall be registered with the Securities
      and
      Exchange Commission in accordance with the time frame and terms and conditions
      under the Rights Agreement. Oxford hereby agrees to disclose in the Rights
      Agreement Parker’s registration rights granted under this
      Agreement.

    

    VI

    

    CONFIDENTIALITY
      AND BUSINESS RELATED PROVISIONS

    

    6.1         Non-Disclosure
      of Business Information.  Parker shall not at any time,
      either directly or indirectly use, divulge, disclose or communicate to any
      person, firm, or corporation, in any manner whatsoever, any confidential
      information concerning any matters affecting or relating to the business of
      Oxford, including, but not limited to, the names, buying habits, or practices
      of
      any of its customers, its' marketing methods and related data, the names of
      any
      of its vendors or suppliers, costs of materials, the prices it obtains or has
      obtained or at which it sells or has sold its products or services,
      manufacturing and sales, costs, lists or other written records used in Oxford's
      business, compensation paid to employees and other terms of employment, or
      any
      other confidential information of, about or concerning the business of Oxford,
      its manner of operation, or other confidential data of any kind, nature, or
      description. The Parties hereby stipulate that as between them, the foregoing
      matters are important, material, and confidential trade secrets and affect
      the
      successful conduct of the Oxford's business and its goodwill, and that any
      breach of any term of this paragraph is a material breach of this
      Agreement.

    

    6.2         Return
      of Materials. Upon execution of this Agreement, or as soon as
      practicable thereafter, Parker shall promptly deliver to Oxford all equipment,
      notebooks, documents, memoranda, reports, files, samples, books, correspondence,
      lists, computer disks and data bases, computer programs and reports, computer
      software, and all other written, graphic and computer generated or stored
      records relating to the business of Oxford which are or have been in the
      possession or under the control of Parker.

    

    

    
      
        
          
          

        

        
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              6.3

            	
              No
                Disparaging Remarks.

            

    

    

     
      6.3.1.     By
      Parker.  Parker agrees that he shall not make, or cause
      to be made, any statement or communicate any information (whether oral or
      written) that disparages or reflects negatively on Oxford. Nothing herein shall
      preclude Parker from complying with a subpoena or other lawful
      process.

    

     
      6.3.2.     By
Oxford.  Oxford agrees that
      it shall not make, or cause to be made, any statement or communicate any
      information (whether oral or written) that disparages or reflects
      negatively on Parker. It shall not be a violation of this Section 6.3 if an
      employee or independent contractor of Oxford disparages Parker or
      interferes with the efforts of Parker to obtain subsequent employment
      outside the scope of his or her employment or without the authority of
      Oxford, and Oxford shall have no liability for such unauthorized acts. Nothing
      herein shall preclude Oxford from complying with a subpoena or other
      lawful process.

    

    VII

    

    ADDITIONAL
      REPRESENTATIONS AND OBLIGATIONS

    

    7.1         Consideration
      Period. This Agreement has been delivered to Parker on the 10th
      day of July, 2007.
      Parker shall have twenty-one (21) days to consider and sign this Agreement.
      Pursuant to Section 7.3, below, Parker has been encouraged to seek legal counsel
      to consider and review this Agreement. To the extent Parker does not use the
      full 21-days within which to consider signing this Agreement, Parker’s signature
      hereto shall serve as Parker’s express written waiver of this period and of any
      and all claims, rights, or causes of action of any kind against Oxford of any
      kind arising out of Parker’s voluntary decision to execute this Agreement and
      waive this consideration period.

    

    7.2         Revocation
      Period. Upon execution of this Agreement, Parker shall have seven
      (7) days to revoke the Agreement. Any such revocation by Parker must be in
      writing and delivered to Oxford pursuant to the notice requirements under
      Article VII, below. If timely revoked by Parker, this Agreement will not be
      effective or enforceable, and all Parties shall be immediately released of
      all
      obligations hereunder, with no affect on any of the claims each Party may
      otherwise possess, and the Shares shall be immediately cancelled without need
      for further action by Parker.

    

    7.3         Independent
      Legal Counsel. The Parties to this Agreement warrant, represent,
      and agree that in executing this Agreement, they do so with full knowledge
      of
      the rights each may have with respect to the other Party, and that each has
      received, or has had the opportunity to receive, independent legal advice as
      to
      these rights. Each of the Parties has executed this Agreement with full
      knowledge of these rights, and under no fraud, coercion, duress, or undue
      influence.

    

    7.4         Waiver
      of Age Discrimination Claim. Parker understands that the release
      contained in this Agreement had to meet certain requirements to constitute
      a
      valid release of any claims under the Age Discrimination in Employment Act
      (“ADEA”), and Parker hereby represents that all such requirements were in fact
      satisfied. These requirements required the following, each of which has in
      fact
      been satisfied: (i) execution of this Agreement by Parker has been knowing
      and
      voluntary, and free from duress, coercion and mistake of fact; (ii) this
      Agreement is in writing and is understandable; (iii) this Agreement has waived
      current ADEA claims explicitly; (iv) this Agreement has not waived future ADEA
      claims; (v) the release by Parker hereunder of ADEA claims has been paid for
      with something to which Parker was not already entitled; (vi) this Agreement
      has
      advised Parker to consult an attorney; (vii) this Agreement has given Parker
      twenty-one (21) days to consider the ADEA release contained in this Agreement;
      and, (viii) this Agreement has given Parker seven (7) days within which to
      revoke the ADEA release contained in this Agreement after
      execution.

    

    

    
      
        
          
          

        

        
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    VIII

    

    ADDITIONAL
      PROVISIONS

    

    8.1         Executed
      Counterparts. This Agreement may be executed in any number of
      counterparts, all of which when taken together shall be considered one and
      the
      same agreement, it being understood that all Parties need not sign the same
      counterpart. In the event that any signature is delivered by fax or by e-mail
      delivery of a “.pdf” format data file, such signature shall create a valid and
      binding obligation of the Party executing (or on whose behalf such signature
      is
      executed) with the same force and effect as if such facsimile or “.pdf”
signature page were an original thereof. Each of the Parties hereby expressly
      forever waives any and all rights to raise the use of a fax machine or E-Mail
      to
      deliver a signature, or the fact that any signature or agreement or instrument
      was transmitted or communicated through the use of a fax machine or E-Mail,
      as a
      defense to the formation of a contract.

    

    8.2         Successors
      and Assigns. Except as expressly provided in this Agreement, each
      and all of the covenants, terms, provisions, conditions and agreements herein
      contained shall be binding upon and shall inure to the benefit of the successors
      and assigns of the Parties hereto.

    

    8.3         Article
      and Section Headings. The article and section headings used in this
      Agreement are inserted for convenience and identification only and are not
      to be
      used in any manner to interpret this Agreement.

    

    8.4         Severability.
      Each and every provision of this Agreement is severable and independent of
      any
      other term or provision of this Agreement. If any term or provision hereof
      is
      held void or invalid for any reason by a court of competent jurisdiction, such
      invalidity shall not affect the remainder of this Agreement.

    

    8.5         Governing
      Law. This Agreement shall be governed by the laws of the State of
      California, without giving effect to any choice or conflict of law provision
      or
      rule (whether of the State of California or any other jurisdiction) that would
      cause the application of the laws of any jurisdiction other than the State
      of
      California. If any court action is necessary to enforce the terms and conditions
      of this Agreement, the Parties hereby agree that the Superior Court of
      California, County of Orange, shall be the sole jurisdiction and venue for
      the
      bringing of such action.

    

    8.6         Entire
      Agreement. This Agreement, and all references, documents, or
      instruments referred to herein, contains the entire agreement and understanding
      of the Parties hereto in respect to the subject matter contained herein. The
      Parties have expressly not relied upon any promises, representations,
      warranties, agreements, covenants, or undertakings, other than those expressly
      set forth or referred to herein. This Agreement supersedes any and all prior
      written or oral agreements, understandings, and negotiations between the Parties
      with respect to the subject matter contained herein.

    

    

    
      
        
          
          

        

        
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    8.7         Additional
      Documentation. The Parties hereto agree to execute, acknowledge,
      and cause to be filed and recorded, if necessary, any and all documents,
      amendments, notices, and certificates which may be necessary or convenient
      under
      the laws of the State of California.

    

    8.8         Attorney's
      Fees. If any legal action (including arbitration) is necessary to
      enforce the terms and conditions of this Agreement, the prevailing Party shall
      be entitled to costs and reasonable attorney's fees.

    

    8.9         Amendment.
      This Agreement may be amended or modified only by a writing signed by all
      Parties.

    

    
      	
               

            	
              8.10

            	
              Remedies.

            

    

    

     
      8.10.1.   Specific Performance. The
      Parties hereby declare that it is impossible to measure in money the damages
      which will result from a failure to perform any of the obligations under this
      Agreement. Therefore, each Party waives the claim or defense that an adequate
      remedy at law exists in any action or proceeding brought to enforce the
      provisions hereof.

    

     
      8.10.2.   Cumulative. The remedies of the
      Parties under this Agreement are cumulative and shall not exclude any other
      remedies to which any person may be lawfully entitled.

    

    8.11        Waiver.
      No failure by any Party to insist on the strict performance of any covenant,
      duty, agreement, or condition of this Agreement or to exercise any right or
      remedy on a breach shall constitute a waiver of any such breach or of any other
      covenant, duty, agreement, or condition.

    

    8.12        Assignability.
      This Agreement is not assignable by either Party without the expressed written
      consent of all Parties.

    

    8.13        Notices.
      All notices, requests and demands hereunder shall be in writing and delivered
      by
      hand, by facsimile transmission, by E-Mail, by mail, by telegram, or by
      recognized commercial over-night delivery service (such as Federal Express,
      UPS,
      or DHL), and shall be deemed given (a) if by hand delivery, upon such delivery;
      (b) if by facsimile transmission, upon telephone confirmation of receipt of
      same; (c) if by E-Mail, upon telephone confirmation of receipt of same; (d)
      if
      by mail, forty-eight (48) hours after deposit in the United States mail, first
      class, registered or certified mail, postage prepaid; (e) if by telegram, upon
      telephone confirmation of receipt of same; or, (f) if by recognized commercial
      over-night delivery service, upon such delivery.

    

    8.14        Time.
      All Parties agree that time is of the essence as to this Agreement.

    

    8.15        Agreement
      to Arbitrate. The Parties agree to cooperate and meet in order to
      resolve any disputes or controversies arising under this Agreement. Should
      they
      be unable to do so, then either may elect arbitration under the rules of the
      American Arbitration Association, and both Parties are obligated to proceed
      thereunder. Arbitration shall proceed in Orange County, and the Parties agree
      to
      be bound by the arbitrator's award, which shall be a final judgment and may
      be
      filed in the Superior Court of California, County of Orange. The Parties consent
      to the jurisdiction of California Courts for enforcement of this Agreement,
      and
      in particular this Section 8.16 and the determination and award by arbitration.
      The prevailing Party shall be entitled to reimbursement for his attorney's
      fees
      and all costs associated with arbitration. In any arbitration proceeding
      conducted pursuant to the provisions of this Section, both Parties shall have
      the right to conduct discovery, to call witnesses and to cross-examine the
      opposing Party's witnesses, either through legal counsel, expert witnesses
      or
      both, and the provisions of the California Code of Civil Procedure (Right to
      Discovery; Procedure and Enforcement) are hereby incorporated into this
      Agreement by this reference and made a part hereof.

    

    

    
      
        
          
          

        

        
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    8.16       Waiver
      of Trial. IN ACCORDANCE WITH THE AGREEMENT OF THE PARTIES TO
      ARBITRATE ALL DISPUTES PURSUANT TO SECTION 8.15, ABOVE, EACH PARTY HEREBY WAIVES
      TRIAL IN ANY ACTION, PROCEEDING OR COUNTER CLAIM BROUGHT BY ANY OF THEM AGAINST
      THE OTHER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT, OR ANY
      OTHER AGREEMENTS EXECUTED IN CONNECTION HEREWITH OR THE ADMINISTRATION THEREOF
      OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN. THE PROVISIONS OF THIS SECTION
      8.16 HAVE BEEN FULLY DISCUSSED BY THE PARTIES HERETO, AND THESE PROVISIONS
      SHALL
      BE SUBJECT TO NO EXCEPTIONS. NO PARTY HAS IN ANY WAY AGREED WITH OR REPRESENTED
      TO ANY OTHER PARTY THAT THE PROVISIONS OF THIS SECTION 8.16 WILL NOT BE FULLY
      ENFORCED IN ALL INSTANCES.

    

    8.17       Provision
      Not Construed Against Party Drafting Agreement. This Agreement is
      the result of negotiations by and between the Parties, and each Party has had
      the opportunity to be represented by independent legal counsel of its choice.
      This Agreement is the product of the work and efforts of all Parties, and shall
      be deemed to have been drafted by all Parties. In the event of a dispute, no
      Party hereto shall be entitled to claim that any provision should be construed
      against any other Party by reason of the fact that it was drafted by one
      particular Party.

    

    8.18       Incorporation
      of Exhibits and Schedules. The Exhibits and Schedules identified in
      this Agreement are incorporated herein by reference and made a part hereof
      as if
      set out in full herein.

    

    8.19       Recitals.
      The facts recited in Article II, above, are hereby conclusively presumed to
      be
      true as between and affecting the Parties.

    

    8.20       Best
      Efforts. The Parties shall use and exercise their best efforts,
      taking all reasonable, ordinary and necessary measures to ensure an orderly
      and
      smooth relationship under this Agreement, and further agree to work together
      and
      negotiate in good faith to resolve any differences or problems which may arise
      in the future.

    

    8.21       Definitional
      Provisions. For purposes of this Agreement, (i) those words, names,
      or terms which are specifically defined herein shall have the meaning
      specifically ascribed to them; (ii) wherever from the context it appears
      appropriate, each term stated either in the singular or plural shall include
      the
      singular and plural; (iii) wherever from the context it appears appropriate,
      the
      masculine, feminine, or neuter gender, shall each include the others; (iv)
      the
      words “hereof”, “herein”, “hereunder”, and words of similar import, when used in
      this Agreement, shall refer to this Agreement as a whole, and not to any
      particular provision of this Agreement; (v) all references to designated
“Articles”, “Sections”, and to other subdivisions are to the designated
      Articles, Sections, and other subdivisions of this Agreement as originally
      executed; (vi) all references to "Dollars" or “$” shall be construed as being
      United States dollars; (vii) the term “including” is not limiting and means
“including without limitation”; and, (viii) all references to all statutes,
      statutory provisions, regulations, or similar administrative provisions shall
      be
      construed as a reference to such statute, statutory provision, regulation,
      or
      similar administrative provision as in force at the date of this Agreement
      and
      as may be subsequently amended.

    

    

    
      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

    

    

    IX

    

    EXECUTION

    

    IN
      WITNESS WHEREOF, this Agreement has been duly executed by the Parties,
      and shall be effective as of and on the Effective Date set forth in Article
      I,
      above.

    

    THE
      PARTIES HAVE CAREFULLY READ THIS ENTIRE AGREEMENT. ITS CONTENTS AND THE RELEASE
      CONTAINED HEREIN HAVE BEEN FULLY EXPLAINED TO THEM BY THEIR ATTORNEYS, OR THEY
      HAVE VOLUNTARILY ELECTED NOT TO SEEK THE ADVICE OF AN ATTORNEY. THE PARTIES
      FULLY UNDERSTAND THE FINAL AND BINDING EFFECT OF THIS AGREEMENT. THE ONLY
      PROMISES OR REPRESENTATIONS MADE TO EACH OF THE PARTIES ABOUT THIS AGREEMENT,
      OR
      TO INDUCE THEM TO SIGN THIS AGREEMENT, ARE CONTAINED IN THIS AGREEMENT. THE
      PARTIES ARE SIGNING THIS AGREEMENT KNOWINGLY AND
      VOLUNTARILY.

    

    
      	
              PARKER:

            	
              OXFORD:

            
	 	 
	 	
              OXFORD
                MEDIA, INC.,

            
	
              ________________________________

            	
              a
                Nevada corporation

            
	
              DAVID
                L. PARKER

            	 
	
              DATED:
                  ________________________

            	 
	 	
              BY:  ___________________________

            
	 	
              NAME:  ________________________

            
	 	
              TITLE: 
                 ________________________

            
	 	
              DATED:  _______________________

            

    

    

     

     

     

     

     

     

     

     

     

     

     

     

     

    10

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