Document:

AMENDMENT
      NO. 1 TO

     

    STOCK
      PURCHASE AND SALE AGREEMENT

     

    This
      Amendment No. 1 to Stock Purchase and Sale Agreement (the “Amendment”) is dated
      May 15, 2008, by and between Fanrock Investments Limited., a corporation
      organized under the laws of the British Virgin Islands (“Seller”), and
      InfoSonics Corporation, a Maryland corporation (“Buyer”), but shall be
      retroactively effective as of January 1, 2008 and shall be effective for the
      period from January 1, 2008 through December 31, 2008.

     

    A.
      Seller
      and Buyer entered into that certain Stock Purchase and Sale Agreement dated
      January 19, 2005 (the “Agreement”), pursuant to which Buyer purchased all of the
      outstanding shares of Primasel S.A., a corporation organized under the laws
      of
      Uruguay.

     

    B.
      Seller
      and Buyer desire to amend the Agreement, pursuant to the terms of this
      Amendment. 

     

    NOW,
      THEREFORE, in consideration of the premises and of the mutual covenants
      contained in this Agreement, and for other good and valuable consideration,
      the
      receipt and sufficiency of which are hereby acknowledged, the parties agree
      as
      follows:

     

    1.
       Amendment.
      Section
      2.2.3 of the Agreement is hereby deleted in its entirety and replaced with
      the
      following paragraphs:

     

    “2.2.3
      If
      Primasel’s total cumulative revenues for the Profit Payment Term Portion are
      greater than $10,000,000, the Profit Payment for that fiscal year shall be
      equal
      to the sum of:

     

    (a). 
      [(the
      excess of Primasel’s total cumulative revenues for the Profit Payment Term
      Portion over $10,000,000) divided by (Primasel’s total cumulative revenues for
      the Profit Payment Term Portion)] x [the Net Profit] x [thirty-five percent
      (35%)]; minus

     

    (b). all
      Profit Payments previously paid to Seller under this Section 2.2.”

     

    [Remainder
      of Page Intentionally Left Blank]

     

    2. Documents
      Otherwise Unchanged.
      Except
      as expressly provided herein, the Agreement shall remain unchanged and in full
      force and effect. Each reference to this Agreement, or words of similar import
      in the Agreement shall
      be
      deemed to be references to the Agreement, as amended hereby and
      as
      the same may be further amended, restated, supplemented and otherwise modified
      and in effect from time to time. 

     

    3. Miscellaneous.
      This
      Amendment may be executed in any number of counterparts, all of which taken
      together shall constitute one and the same instrument and any of the parties
      hereto may execute this Amendment by signing such counterpart.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the parties have caused this Amendment to be executed by their
      duly authorized officers or representatives on the dates set forth below to
      be
      effective as of the date set forth on the first page of this
      Amendment.

     

    
      	
              SELLER:

            
	 
	
              Fanrock
                Investments Limited

            
	 
	
              By:

            	
              /s/
                Carlos Zimerman

            
	
              Name:  

            	
              Carlos
                Zimerman

            
	
              Title:

            	
              President

            
	 	 
	
              PURCHASER:

            
	 
	
              InfoSonics
                Corporation

            
	 
	
              By:

            	
              /s/
                Jeff Klausner

            
	
              Name:

            	
              Jeff
                Klausner

            
	
              Title:

            	
              Chief
                Financial Officer

            

    

    
      
         

      

      
        2COMMON
      STOCK PURCHASE AGREEMENT

     

    This
      Common Stock Purchase Agreement (the “Agreement”)
      is
      made and entered into as of May 15, 2008 (the “Effective
      Date”),
      by
      and among InfoSonics Corporation, a Maryland corporation (the “Company”),
      and
      Fanrock Investments Limited, a corporation organized under the laws of the
      British Virgin Islands (“Fanrock”).

     

    A. The
      Company and Fanrock have entered
      into that certain Stock Purchase and Sale Agreement dated January 19, 2005
      (the
“2005
      Agreement”),
      pursuant to which the Company purchased all of the outstanding shares of
      Primasel S.A., a corporation organized under the laws of Uruguay.

     

    B. In
      connection with this Agreement, the Company and Fanrock entered into that
      certain Amendment No. 1 to Stock Purchase and Sale Agreement (the “Amendment”),
      whereby the parties agreed to amend the profit sharing agreement set forth
      in
      the 2005 Agreement.

     

    C. As
      consideration for the Amendment, the Company desires to sell and issue to
      Fanrock, and Fanrock desires to receive from the Company, 100,000 shares of
      the
      Company’s unregistered common stock.

     

    1. AGREEMENT
      TO PURCHASE AND SELL STOCK.

     

    1.1 Authorization.
      As of
      the Effective Date, the Company has authorized the issuance, pursuant to the
      terms and conditions of this Agreement, of 100,000 shares of the Company's
      Common Stock, $0.001 par value per share (the “Shares”).

     

    1.2 Agreement
      to Purchase and Sell.
      The
      Company hereby agrees to sell to Fanrock, and Fanrock hereby agrees to receive
      from the Company, the Shares in exchange for the Amendment.

     

    1.3 Delivery
      of Stock Certificate. The
      Company shall deliver to Fanrock a duly executed stock certificate evidencing
      the Shares.

     

    2. REPRESENTATIONS
      AND WARRANTIES OF INVESTOR.
      Fanrock
      hereby represents and warrants to, and agrees with, the Company,
      that:

     

    2.1 Authorization.
      This
      Agreement constitutes Fanrock's valid and legally binding obligation,
      enforceable in accordance with its terms. Fanrock represents that it has full
      power and authority to enter into this Agreement.

     

    2.2 Purchase
      for Own Account for Investment.
      Fanrock
      is purchasing the Shares for Fanrock’s own account for investment purposes only
      and not with a view to, or for sale in connection with, a distribution of the
      Shares within the meaning of the Securities Act of 1933, as amended (the
“1933
      Act”).
      Fanrock has no present intention of selling or otherwise disposing of all or
      any
      portion of the Shares and no one other than Fanrock has any beneficial ownership
      of any of the Shares. Fanrock also represents that Fanrock has not been formed
      for the specific purpose of acquiring the Shares.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.3 Access
      to Information.
      Fanrock
      has had access to all information regarding the Company and its present and
      prospective business, assets, liabilities and financial condition that Fanrock
      reasonably considers important in making the decision to purchase the Shares,
      and Fanrock has had ample opportunity to ask questions of the Company’s
      representatives concerning such matters and this investment.

     

    2.4 Understanding
      of Risks.
      Fanrock
      is fully aware of: (i) the highly speculative nature of the investment in the
      Shares; (ii) the financial hazards involved; (iii) the lack of liquidity of
      the
      Shares and the restrictions on transferability of the Shares (e.g.,
      that
      Fanrock may not be able to sell or dispose of the Shares or use them as
      collateral for loans); (iv) the qualifications and backgrounds of the management
      of the Company; and (v) the tax consequences of investment in the
      Shares.

     

    2.5 Investor’s
      Qualifications.
      Fanrock
      understands that the purchase of the Shares involves substantial risk. Fanrock:
      (i) is able to fend for itself, can bear the economic risk of Fanrock's
      investment in the Shares and has such knowledge and experience in financial
      or
      business matters that Fanrock is capable of evaluating the merits and risks
      of
      this investment in the Shares and protecting its own interests in connection
      with this investment and/or (ii) has a preexisting personal or business
      relationship with the Company and certain of its officers, directors or
      controlling persons of a nature and duration that enables Fanrock to be aware
      of
      the character, business acumen and financial circumstances of such
      persons.

     

    2.6 Accredited
      Investor Status.
      Fanrock
      is an “accredited investor” within the meaning of Regulation D promulgated under
      the 1933 Act.

     

    2.7 No
      General Solicitation.
      At no
      time was Fanrock presented with or solicited by any publicly issued or
      circulated newspaper, mail, radio, television or other form of general
      advertising or solicitation in connection with the offer, sale and purchase
      of
      the Shares.

     

    2.8 Compliance
      with Securities Laws.
      Fanrock
      understands and acknowledges that, in reliance upon the representations and
      warranties made by Fanrock herein, the Shares are not being registered with
      the Securities and Exchange Commission (“SEC”)
      under
      the 1933 Act or being qualified under the California Corporate Securities Law
      of
      1968, as amended (the “Law”),
      but
      instead are being issued under an exemption or exemptions from the registration
      and qualification requirements of the 1933 Act and the Law which impose certain
      restrictions on Fanrock’s ability to transfer the Shares.

     

    2.9 Restrictions
      on Transfer.
      Fanrock
      understands that Fanrock may not transfer any Shares unless such Shares are
      registered under the 1933 Act and qualified under the Law or unless, in the
      opinion of counsel to the Company, exemptions from such registration and
      qualification requirements are available.

     

    2.10 Foreign
      Securities Compliance.
      If
      Fanrock is not a United States person (as defined in Regulation S of the 1933
      Act), Fanrock hereby represents that it itself as to the full observance of
      the
      laws of its jurisdiction in connection with any invitation to purchase the
      Shares, or any use of this Agreement, including, without limitation, (i) the
      legal requirements within its jurisdiction for the offer and purchase of the
      Shares, (ii) any foreign exchange restrictions applicable to such offer and
      purchase, (iii) any governmental or other consents that may need to be obtained,
      and (iv) the income tax and other tax consequences, if any, that may be relevant
      to the offer, purchase, holding, redemption, sale or other transfer of the
      Shares. Fanrock’s offer, purchase and payment for, and its continued beneficial
      ownership of the Shares will not violate any applicable securities or other
      laws
      of its jurisdiction.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3. REPRESENTATIONS
      AND WARRANTIES OF THE COMPANY.
      The
      Company represents and warrants to Fanrock as follows:

     

    3.1 Organization
      and Good Standing.
      The
      Company is a corporation duly organized, validly existing and in good standing
      under the laws of the State of Maryland, and duly qualified to transact business
      in the State of California, and has all requisite corporate power and authority
      to enter into and carry out the transactions contemplated by this
      Agreement,
      and to
      carry on its business as now conducted and as proposed
      to be conducted.

     

    3.2 Corporate
      Authority.
      All
      corporate actions on the part of the Company and its officers and directors
      necessary for (i) the authorization, execution, delivery and performance of
      this
      Agreement, the consummation of the transactions contemplated hereby and thereby,
      and the performance of all of the Company’s obligations under this Agreement,
      and (ii) the authorization, issuance, and delivery of all of the Shares being
      sold under this Agreement, have been taken. 

     

    3.3 Valid
      Issuance. 

     

    (a) The
      Shares to be issued pursuant hereto have been duly authorized by all necessary
      corporate action and, when issued and paid for in accordance with the terms
      hereof, shall be validly issued and outstanding, fully paid and
      non-assessable
      and free
      of restrictions on transfer other than those set forth in this Agreement or
      federal and state securities laws.

     

    (b) Based
      in
      part on the representations made by Fanrock in Section 3 hereof, the issuance
      of
      the Shares solely to Fanrock in accordance with this Agreement is exempt from
      the registration and prospectus delivery requirements of the U.S. Securities
      Act
      of 1933, as amended (the “1933
      Act”)
      and
      the securities registration and qualification requirements of the currently
      effective provisions of the securities laws of the State of California.

     

    3.4 Due
      Authorization.
      This
      Agreement constitutes valid and legally binding obligations of the Company,
      enforceable in accordance with their respective terms, except as may be limited
      by (i) applicable bankruptcy, insolvency, reorganization or others laws of
      general application relating to or affecting the enforcement of creditors'
      rights generally and (ii) the effect of rules of law governing the availability
      of equitable remedies.

     

    4. RESTRICTIVE
      LEGENDS AND STOP-TRANSFER ORDERS.

     

    4.1 Legends.
      Fanrock
      understands and agrees that the Company will place the legend set forth below
      or
      a similar legend on any stock certificate(s) evidencing the Shares, together
      with any other legends that may be required by state or federal securities
      laws,
      the Company’s Articles of Incorporation or Bylaws, any other agreement between
      Fanrock and the Company or any agreement between Fanrock and any third
      party:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT
      OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES.
      THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND MAY NOT
      BE
      TRANSFERRED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES
      LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. THE ISSUER OF THESE
      SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY
      TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN
      COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

     

    4.2 Stop-Transfer
      Instructions.
      Fanrock
      agrees that, to ensure compliance with the restrictions imposed by this
      Agreement, the Company may issue appropriate “stop-transfer” instructions to its
      transfer agent, if any, and if the Company transfers its own securities, it
      may
      make appropriate notations to the same effect in its own records.

     

    4.3 Refusal
      to Transfer.
      The
      Company will not be required (i) to transfer on its books any Shares that have
      been sold or otherwise transferred in violation of any of the provisions of
      this
      Agreement or (ii) to treat as owner of such Shares, or to accord the right
      to
      vote or pay dividends, to any purchaser or other transferee to whom such Shares
      have been so transferred.

     

    5. COMPLIANCE
      WITH LAWS AND REGULATIONS.
      The
      issuance and transfer of the Shares will be subject to and conditioned upon
      compliance by the Company and Fanrock with all applicable state and federal
      laws
      and regulations. If Fanrock is not a United States person (as defined in
      Regulation S of the 1933 Act), Fanrock agrees to provide the Company with such
      filings, if any, as may be required by the securities or other laws of his
      or
      her jurisdiction in connection with this Agreement and the offer and purchase
      of
      the Shares.

     

    6. GENERAL
      PROVISIONS.

     

    6.1 Binding
      on Successors and Assigns.
      This
      Agreement, and the rights and obligations of the parties hereunder, will inure
      to the benefit of, and be binding upon, their respective successors, assigns,
      heirs, executors, administrators and legal representatives.

     

    6.2 Governing Law
      and Venue.
      This
      Agreement will be governed by and construed in accordance with the internal
      laws
      of the State of California, excluding that body of law pertaining to conflict
      of
      laws. Any suit brought hereon shall be brought in the state or federal courts
      sitting in Los Angeles County, California, the parties hereto hereby waiving
      any
      claim or defense that such forum is not convenient or proper. Each party hereby
      agrees that any such court shall have in personam jurisdiction over it and
      consents to service of process in any manner authorized by California
      law.

     

    6.3 Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which when
      so
      executed and delivered will be deemed an original, and all such counterparts
      together will constitute one and the same agreement.

     

    6.4 Entire
      Agreement.
      This
      Agreement constitutes the entire agreement and understanding of the parties
      with
      respect to the subject matter of this Agreement, and supersede any and all
      prior
      understandings and agreements, whether oral or written, between or among the
      parties hereto with respect to the specific subject matter
      hereof.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Company has caused this Agreement to be executed in by
      its
      duly authorized representative and Fanrock has executed this Agreement, as
      of
      the Effective Date.

     

    
      	
              INFOSONICS
                CORPORATION

            
	 	 
	
              By:

            	
              /s/
                Jeff Klausner

            
	
              Name:
                Jeff Klausner

            
	
              Title:
                Chief Financial Officer

            

    

     

    
      	
              FANROCK
                INVESTMENTS LIMITED

            
	 	 
	
              By:
                

            	
              /s/
                Carlos Zimerman

            
	
              Name:

            	
              Carlos
                Zimerman

            

    

    
      	
              Title: President

            

    

    
      	
              Address:

            	     

	       
              

    

    
      	
              Fax:

            	 

    

    
      	
              E-mail:  

            	      
              

    

     

    [Signature
      Page To Common Stock Purchase Agreement]

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