Document:

Exhibit 10.5 - Subsidiary Guarantee

    
      

      

    

    

    SUBSIDIARY
      GUARANTEE

    

    This
      SUBSIDIARY GUARANTEE, dated as of September 1st,
      2006
      (this “Guarantee”),
      made
      by each of the signatories hereto (together with any other entity that may
      become a party hereto as provided herein, (the “Guarantors”),
      in
      favor of the persons signatory (the “Subscribers”)
      to
      that certain Subscription Agreement, dated as of the date hereof, between Oxford
      Media, Inc., a Nevada corporation (the “Company”)
      and
      the Subscribers.

     

    W
      I T N E S S E T H:

    

    WHEREAS,
      pursuant to that certain Subscription Agreement, dated as of the date hereof,
      by
      and between the Company and the Subscribers (the “Purchase
      Agreement”),
      the
      Company has agreed to sell and issue to the Subscribers, and the Subscribers
      have agreed to purchase from the Company the Company’s promissory notes (the
“Notes”),
      subject to the terms and conditions set forth therein; and

    WHEREAS,
      each Guarantor will directly benefit from the extension of credit to the Company
      represented by the issuance of the Notes; and 

    NOW,
      THEREFORE, in consideration of the premises and to induce the Subscribers to
      enter into the Purchase Agreement and to carry out the transactions contemplated
      thereby, each Guarantor hereby agrees with the Subscribers as
      follows:

     

    1.    Definitions.
      Unless
      otherwise defined herein, terms defined in the Purchase Agreement and used
      herein shall have the meanings given to them in the Purchase Agreement. The
      words “hereof,” “herein,” “hereto” and “hereunder” and words of similar import
      when used in this Guarantee shall refer to this Guarantee as a whole and not
      to
      any particular provision of this Guarantee, and Section and Schedule references
      are to this Guarantee unless otherwise specified. The meanings given to terms
      defined herein shall be equally applicable to both the singular and plural
      forms
      of such terms. The following terms shall have the following
      meanings:

    

    “Guarantee”
means
      this Subsidiary Guarantee, as the same may be amended, supplemented or otherwise
      modified from time to time.

     

    “Obligations”
means
      in addition to all other costs and expenses of collection incurred by
      Subscribers and Agent in enforcing any of such Obligations and/or this
      Guarantee, all
      of
      the liabilities
      and obligations (primary, secondary, direct, contingent, sole, joint or several)
      due or to become due, or that are now or may be hereafter contracted or
      acquired, or owing to, of any Debtor to the Secured Parties, including, without
      limitation, all
      obligations under this Agreement, the Notes, this Guarantee and any other
      instruments, agreements or other documents executed and/or delivered in
      connection herewith or therewith, in each case, whether now or hereafter
      existing, voluntary or involuntary, direct or indirect, absolute or contingent,
      liquidated or unliquidated, whether or not jointly owed with others, and whether
      or not from time to time decreased or extinguished and later increased, created
      or incurred, and all or any portion of such obligations or liabilities that
      are
      paid, to the extent all or any part of such payment is avoided or recovered
      directly or indirectly from any of the Secured Parties as a preference,
      fraudulent transfer or otherwise as such obligations may be amended,
      supplemented, converted, extended or modified from time to time. Without
      limiting the generality of the foregoing, the term “Obligations” shall include,
      without limitation: (i) principal of, and interest on the Notes and the loans
      extended pursuant thereto; (ii) any and all other fees, indemnities, costs,
      obligations and liabilities of the Debtors from time to time under or in
      connection with this Agreement, the Notes, the Guarantee and any other
      instruments, agreements or other documents executed and/or delivered in
      connection herewith or therewith; and (iii) all amounts (including but not
      limited to post-petition interest) in respect of the foregoing that would be
      payable but for the fact that the obligations to pay such amounts are
      unenforceable or not allowable due to the existence of a bankruptcy,
      reorganization or similar proceeding involving any Debtor. Notwithstanding
      the
      preceding, any and all amounts owed to a Debtor which arises after Closing
      and
      is not part of the transactions envisioned hereunder shall become part of the
      Obligations only if all Holders had an opportunity to participate pro rata
      in
      the subject financing transaction.

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    2.   Guarantee.

    

    
      	 	
              (a)

            	
              Guarantee.

            

    

     

    
      	 	
              (i)

            	
              The
                Guarantors hereby, jointly and severally, unconditionally and irrevocably,
                guarantee to the Subscribers and their respective successors, indorsees,
                transferees and assigns, the prompt and complete payment and performance
                by the Company when due (whether at the stated maturity, by acceleration
                or otherwise) of the Obligations. 

            

    

     

    
      	 	
              (ii)

            	
              Anything
                herein or in any other Transaction Document to the contrary
                notwithstanding, the maximum liability of each Guarantor hereunder
                and
                under the other Transaction Documents shall in no event exceed the
                amount
                which can be guaranteed by such Guarantor under applicable federal
                and
                state laws, including laws relating to the insolvency of debtors,
                fraudulent conveyance or transfer or laws affecting the rights of
                creditors generally (after giving effect to the right of contribution
                established in Section 2(b)). 

            

    

    

    
      	 	
              (iii)

            	
              Each
                Guarantor agrees that the Obligations may at any time and from time
                to
                time exceed the amount of the liability of such Guarantor hereunder
                without impairing the guarantee contained in this Section 2 or affecting
                the rights and remedies of the Subscribers
                hereunder.

            

    

    

    
      	 	
              (iv)

            	
              The
                guarantee contained in this Section 2 shall remain in full force
                and
                effect until all the Obligations and the obligations of each Guarantor
                under the guarantee contained in this Section 2 shall have been satisfied
                by payment in full. 

            

    

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    
      	 	
              (v)

            	
              No
                payment made by the Company, any of the Guarantors, any other guarantor
                or
                any other Person or received or collected by the Subscribers from
                the
                Company, any of the Guarantors, any other guarantor or any other
                Person by
                virtue of any action or proceeding or any set-off or appropriation
                or
                application at any time or from time to time in reduction of or in
                payment
                of the Obligations shall be deemed to modify, reduce, release or
                otherwise
                affect the liability of any Guarantor hereunder which shall,
                notwithstanding any such payment (other than any payment made by
                such
                Guarantor in respect of the Obligations or any payment received or
                collected from such Guarantor in respect of the Obligations), remain
                liable for the Obligations up to the maximum liability of such Guarantor
                hereunder until the Obligations are paid in
                full.

            

    

    

    
      	 	
              (vi)

            	
              Notwithstanding
                anything to the contrary in this Agreement, with respect to any defaulted
                non-monetary Obligations the specific performance of which by the
                Guarantors is not reasonably possible (e.g. the issuance of the Company's
                Common Stock), the Guarantors shall only be liable for making the
                Subscribers whole on a monetary basis for the Company's failure to
                perform
                such Obligations in accordance with the Transaction Documents.
                

            

    

    

    (b)   Right
      of Contribution.
      Each
      Guarantor hereby agrees that to the extent that a Guarantor shall have paid
      more
      than its proportionate share of any payment made hereunder, such Guarantor
      shall
      be entitled to seek and receive contribution from and against any other
      Guarantor hereunder which has not paid its proportionate share of such payment,
      but only after the Obligations then due have been satisfied. Each Guarantor's
      right of contribution shall be subject to the terms and conditions of Section
      2(c). The provisions of this Section 2(b) shall in no respect limit the
      obligations and liabilities of any Guarantor to the Subscribers, and each
      Guarantor shall remain liable to the Subscribers for the full amount guaranteed
      by such Guarantor hereunder.

     

    (c)   No
      Subrogation.
      Notwithstanding any payment made by any Guarantor hereunder or any set-off
      or
      application of funds of any Guarantor by the Subscribers, no Guarantor shall
      be
      entitled to be subrogated to any of the rights of the Subscribers against the
      Company or any other Guarantor or any collateral security or guarantee or right
      of offset held by the Subscribers for the payment of the Obligations, nor shall
      any Guarantor seek or be entitled to seek any contribution or reimbursement
      from
      the Company or any other Guarantor in respect of payments made by such Guarantor
      hereunder, until all amounts owing to the Subscribers by the Company on account
      of the Obligations are paid in full. If any amount shall be paid to any
      Guarantor on account of such subrogation rights at any time when all of the
      Obligations shall not have been paid in full, such amount shall be held by
      such
      Guarantor in trust for the Subscribers, segregated from other funds of such
      Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over
      to the Subscribers in the exact form received by such Guarantor (duly indorsed
      by such Guarantor to the Subscribers, if required), to be applied against the
      Obligations, whether matured or unmatured, in such order as the Subscribers
      may
      determine.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    (d)   Amendments,
      Etc. With Respect to the Obligations.
      Each
      Guarantor shall remain obligated hereunder notwithstanding that, without any
      reservation of rights against any Guarantor and without notice to or further
      assent by any Guarantor, any demand for payment of any of the Obligations made
      by the Subscribers may be rescinded by the Subscribers and any of the
      Obligations continued, and the Obligations, or the liability of any other Person
      upon or for any part thereof, or any collateral security or guarantee therefor
      or right of offset with respect thereto, may, from time to time, in whole or
      in
      part, be renewed, extended, amended, modified, accelerated, compromised, waived,
      surrendered or released by the Subscribers, and the Purchase Agreement and
      the
      other Transaction Documents and any other documents executed and delivered
      in
      connection therewith may be amended, modified, supplemented or terminated,
      in
      whole or in part, as the Subscribers may deem advisable from time to time,
      and
      any collateral security, guarantee or right of offset at any time held by the
      Subscribers for the payment of the Obligations may be sold, exchanged, waived,
      surrendered or released. The Subscribers shall have no obligation to protect,
      secure, perfect or insure any Lien at any time held by them as security for
      the
      Obligations or for the guarantee contained in this Section 2 or any property
      subject thereto. 

     

    (e)   Guarantee
      Absolute and Unconditional.
      Each
      Guarantor waives any and all notice of the creation, renewal, extension or
      accrual of any of the Obligations and notice of or proof of reliance by the
      Subscribers upon the guarantee contained in this Section 2 or acceptance of
      the
      guarantee contained in this Section 2; the Obligations, and any of them, shall
      conclusively be deemed to have been created, contracted or incurred, or renewed,
      extended, amended or waived, in reliance upon the guarantee contained in this
      Section 2; and all dealings between the Company and any of the Guarantors,
      on
      the one hand, and the Subscribers, on the other hand, likewise shall be
      conclusively presumed to have been had or consummated in reliance upon the
      guarantee contained in this Section 2. Each Guarantor waives to the extent
      permitted by law diligence, presentment,
      protest, demand for payment and notice of default or nonpayment to or upon
      the
      Company or any of the Guarantors with respect to the Obligations. Each Guarantor
      understands and agrees that the guarantee contained in this Section 2 shall
      be
      construed as a continuing, absolute and unconditional guarantee of payment
      without regard to (a) the validity or enforceability of the Purchase Agreement
      or any other Transaction Document, any of the Obligations or any other
      collateral security therefor or guarantee or right of offset with respect
      thereto at any time or from time to time held by the Subscribers, (b) any
      defense, set-off or counterclaim (other than a defense of payment or performance
      or fraud or misconduct by Subscribers) which may at any time be available to
      or
      be asserted by the Company or any other Person against the Subscribers, or
      (c)
      any other circumstance whatsoever (with or without notice to or knowledge of
      the
      Company or such Guarantor) which constitutes, or might be construed to
      constitute, an equitable or legal discharge of the Company for the Obligations,
      or of such Guarantor under the guarantee contained in this Section 2, in
      bankruptcy or in any other instance. When making any demand hereunder or
      otherwise pursuing its rights and remedies hereunder against any Guarantor,
      the
      Subscribers may, but shall be under no obligation to, make a similar demand
      on
      or otherwise pursue such rights and remedies as they may have against the
      Company, any other Guarantor or any other Person or against any collateral
      security or guarantee for the Obligations or any right of offset with respect
      thereto, and any failure by the Subscribers to make any such demand, to pursue
      such other rights or remedies or to collect any payments from the Company,
      any
      other Guarantor or any other Person or to realize upon any such collateral
      security or guarantee or to exercise any such right of offset, or any release
      of
      the Company, any other Guarantor or any other Person or any such collateral
      security, guarantee or right of offset, shall not relieve any Guarantor of
      any
      obligation or liability hereunder, and shall not impair or affect the rights
      and
      remedies, whether express, implied or available as a matter of law, of the
      Subscribers against any Guarantor. For the purposes hereof, “demand” shall
      include the commencement and continuance of any legal proceedings.

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    (f)   Reinstatement.
      The
      guarantee contained in this Section 2 shall continue to be effective, or be
      reinstated, as the case may be, if at any time payment, or any part thereof,
      of
      any of the Obligations is rescinded or must otherwise be restored or returned
      by
      the Subscribers upon the insolvency, bankruptcy, dissolution, liquidation or
      reorganization of the Company or any Guarantor, or upon or as a result of the
      appointment of a receiver, intervenor or conservator of, or trustee or similar
      officer for, the Company or any Guarantor or any substantial part of its
      property, or otherwise, all as though such payments had not been
      made.

    

    (g)   Payments.
      Each
      Guarantor hereby guarantees that payments hereunder will be paid to the
      Subscribers without set-off or counterclaim in U.S. dollars at the address
      set
      forth or referred to in the Purchase Agreement.

    

    3.   Representations
      and Warranties.
      Each
      Guarantor hereby makes the following representations and warranties to
      Subscribers as of the date hereof:

     

    (a)   Organization
      and Qualification.
      The
      Guarantor is a corporation, duly incorporated, validly existing and in good
      standing under the laws of the applicable jurisdiction set forth on Schedule
      1,
      with the requisite corporate power and authority to own and use its properties
      and assets and to carry on its business as currently conducted. The Guarantor
      has no subsidiaries other than those identified as such on the Disclosure
      Schedules to the Purchase Agreement. The Guarantor is duly qualified to do
      business and is in good standing as a foreign corporation in each jurisdiction
      in which the nature of the business conducted or property owned by it makes
      such
      qualification necessary, except where the failure to be so qualified or in
      good
      standing, as the case may be, could not, individually or in the aggregate,
      (x)
      adversely affect the legality, validity or enforceability of any of this
      Guaranty in any material respect, (y) have a material adverse effect on the
      results of operations, assets, prospects, or financial condition of the
      Guarantor or (z) adversely impair in any material respect the Guarantor's
      ability to perform fully on a timely basis its obligations under this Guaranty
      (a “Material
      Adverse Effect”).

     

    (b)   Authorization;
      Enforcement.
      The
      Guarantor has the requisite corporate power and authority to enter into and
      to
      consummate the transactions contemplated by this Guaranty, and otherwise to
      carry out its obligations hereunder. The execution and delivery of this Guaranty
      by the Guarantor and the consummation by it of the transactions contemplated
      hereby have been duly authorized by all requisite corporate action on the part
      of the Guarantor. This Guaranty has been duly executed and delivered by the
      Guarantor and constitutes the valid and binding obligation of the Guarantor
      enforceable against the Guarantor in accordance with its terms, except as such
      enforceability may be limited by applicable bankruptcy, insolvency,
      reorganization, moratorium, liquidation or similar laws relating to, or
      affecting generally the enforcement of, creditors' rights and remedies or by
      other equitable principles of general application.

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    (c)   No
      Conflicts.
      The
      execution, delivery and performance of this Guaranty by the Guarantor and the
      consummation by the Guarantor of the transactions contemplated thereby do not
      and will not (i) conflict with or violate any provision of its Certificate
      of
      Incorporation or By-laws or (ii) conflict with, constitute a default (or an
      event which with notice or lapse of time or both would become a default) under,
      or give to others any rights of termination, amendment, acceleration or
      cancellation of, any agreement, indenture or instrument to which the Guarantor
      is a party, or (iii) result in a violation of any law, rule, regulation, order,
      judgment, injunction, decree or other restriction of any court or governmental
      authority to which the Guarantor is subject (including Federal and state
      securities laws and regulations), or by which any material property or asset
      of
      the Guarantor is bound or affected, except in the case of each of clauses (ii)
      and (iii), such conflicts, defaults, terminations, amendments, accelerations,
      cancellations and violations as could not, individually or in the aggregate,
      have or result in a Material Adverse Effect. The business of the Guarantor
      is
      not being conducted in violation of any law, ordinance or regulation of any
      governmental authority, except for violations which, individually or in the
      aggregate, do not have a Material Adverse Effect.

     

    (d)   Consents
      and Approvals.
      The
      Guarantor is not required to obtain any consent, waiver, authorization or order
      of, or make any filing or registration with, any court or other federal, state,
      local, foreign or other governmental authority or other person in connection
      with the execution, delivery and performance by the Guarantor of this
      Guaranty.

    

    (e)   Purchase
      Agreement.
      The
      representations and warranties of the Company set forth in the Purchase
      Agreement as they relate to such Guarantor, each of which is hereby incorporated
      herein by reference, are true and correct as of each time such representations
      are deemed to be made pursuant to such Purchase Agreement, and the Subscribers
      shall be entitled to rely on each of them as if they were fully set forth
      herein, provided, that each reference in each such representation and warranty
      to the Company's knowledge shall, for the purposes of this Section 3, be deemed
      to be a reference to such Guarantor's knowledge. 

    

    (f)   Foreign
      Law.
      Each
      Guarantor that was formed in, or conducting business in, a foreign jurisdiction,
      has consulted with appropriate foreign legal counsel with respect to any of
      the
      above representations for which non-U.S. law is applicable. As applicable,
      such
      foreign counsel have advised each applicable Guarantor that such counsel knows
      of no reason why any of the above representations would not be true and
      accurate. As applicable, such foreign counsel were provided with copies of
      this
      Subsidiary Guarantee and the Transaction Documents prior to rendering their
      advice. 

    

    4.   Covenants.
      

    

    (a)    Each
      Guarantor covenants and agrees with the Subscribers that, from and after the
      date of this Guarantee until the Obligations shall have been paid in full,
      such
      Guarantor shall take, and/or shall refrain from taking, as the case may be,
      each
      commercially reasonable action that is necessary to be taken or not taken,
      as
      the case may be, so that no Event of Default is caused by the failure to take
      such action or to refrain from taking such action by such Guarantor.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    (b) 
        So
      long
      as any of the Obligations are outstanding, each Guarantor will not directly
      or
      indirectly on or after the date of this Guarantee:

    

    i.    except
      with the prior written consent of the Agent (as defined in the Security
      Agreement), other
      than Permitted Indebtedness (as defined in the Purchase Agreement) enter
      into,
      create, incur, assume or suffer to exist any indebtedness for borrowed money
      of
      any kind, including but not limited to, a guarantee, on or with respect to
      any
      of its property or assets now owned or hereafter acquired or any interest
      therein or any income or profits therefrom that is
      senior
      to, or pari passu with, in any respect, such Guarantor’s obligations
      hereunder;

    

    ii.   other
      than Permitted Liens (as defined in the Notes) enter
      into, create, incur, assume or suffer to exist any liens of any kind, on or
      with
      respect to any of its property or assets now owned or hereafter acquired or
      any
      interest therein or any income or profits therefrom that is senior to, in any
      respect, such Guarantor’s obligations hereunder;

    

    iii.   amend
      its
      certificate of incorporation, bylaws or other charter documents so as to
      adversely affect any rights of the Holder hereunder;

    

    iv.   repay,
      repurchase or offer to repay, repurchase or otherwise acquire more than a de
      minimis number of shares of its Common Stock or Common Stock Equivalents;

    

    v.   enter
      into any agreement with respect to any of the foregoing;
      or

    

    vi.   pay
      cash
      dividends on any equity securities of the Company.

    

    5.   Miscellaneous.

    

    (a)   Amendments
      in Writing.
      None of
      the terms or provisions of this Guarantee may be waived, amended, supplemented
      or otherwise modified except in writing by the Subscribers or the
      Agent.

     

    (b)   Notices.
      All
      notices, requests and demands to or upon the Subscribers or any Guarantor
      hereunder shall be effected in the manner provided for in the Purchase
      Agreement, provided that any such notice, request or demand to or upon any
      Guarantor shall be addressed to such Guarantor at its notice address set forth
      on Schedule
      5(b).

    

    (c)   No
      Waiver By Course Of Conduct; Cumulative Remedies.
      The
      Subscribers shall not by any act (except by a written instrument pursuant to
      Section 5(a)), delay, indulgence, omission or otherwise be deemed to have waived
      any right or remedy hereunder or to have acquiesced in any default under the
      Transaction Documents or Event of Default. No failure to exercise, nor any
      delay
      in exercising, on the part of the Subscribers, any right, power or privilege
      hereunder shall operate as a waiver thereof. No single or partial exercise
      of
      any right, power or privilege hereunder shall preclude any other or further
      exercise thereof or the exercise of any other right, power or privilege. A
      waiver by the Subscribers of any right or remedy hereunder on any one occasion
      shall not be construed as a bar to any right or remedy which the Subscribers
      would otherwise have on any future occasion. The rights and remedies herein
      provided are cumulative, may be exercised singly or concurrently and are not
      exclusive of any other rights or remedies provided by law.

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    (d)  
        Enforcement
      Expenses; Indemnification.

    

    
      	 	
              (i)

            	
              Each
                Guarantor agrees to pay, or reimburse the Subscribers for, all its
                costs
                and expenses incurred in collecting against such Guarantor under
                the
                guarantee contained in Section 2 or otherwise enforcing or preserving
                any
                rights under this Guarantee and the other Transaction Documents to
                which
                such Guarantor is a party, including, without limitation, the reasonable
                fees and disbursements of counsel to the
                Subscribers.

            

    

     

    
      	 	
              (ii)

            	
              Each
                Guarantor agrees to pay, and to save the Subscribers harmless from,
                any
                and all liabilities with respect to, or resulting from any delay
                in
                paying, any and all stamp, excise, sales or other taxes which may
                be
                payable or determined to be payable in connection with any of the
                transactions contemplated by this
                Guarantee.

            

    

    

    
      	 	
              (iii)

            	
              Each
                Guarantor agrees to pay, and to save the Subscribers harmless from,
                any
                and all liabilities, obligations, losses, damages, penalties, actions,
                judgments, suits, costs, expenses or disbursements of any kind or
                nature
                whatsoever with respect to the execution, delivery, enforcement,
                performance and administration of this Guarantee to the extent the
                Company
                would be required to do so pursuant to the Purchase
                Agreement.

            

    

    

    
      	 	
              (iv)

            	
              The
                agreements in this Section shall survive repayment of the Obligations
                and
                all other amounts payable under the Purchase Agreement and the other
                Transaction Documents. 

            

    

    

    (e)   Successor
      and Assigns.
      This
      Guarantee shall be binding upon the successors and assigns of each Guarantor
      and
      shall inure to the benefit of the Subscribers and their respective successors
      and assigns; provided that no Guarantor may assign, transfer or delegate any
      of
      its rights or obligations under this Guarantee without the prior written consent
      of the Subscribers.

     

    (f)   Set-Off.
      Each
      Guarantor hereby irrevocably authorizes the Subscribers at any time and from
      time to time while an Event of Default under any of the Transaction Documents
      shall have occurred and be continuing, without notice to such Guarantor or
      any
      other Guarantor, any such notice being expressly waived by each Guarantor,
      to
      set-off and appropriate and apply any and all deposits, credits, indebtedness
      or
      claims, in any currency, in each case whether direct or indirect, absolute
      or
      contingent, matured or unmatured, at any time held or owing by the Subscribers
      to or for the credit or the account of such Guarantor, or any part thereof
      in
      such amounts as the Subscribers may elect, against and on account of the
      obligations and liabilities of such Guarantor to the Subscribers hereunder
      and
      claims of every nature and description of the Subscribers against such
      Guarantor, in any currency, whether arising hereunder, under the Purchase
      Agreement, any other Transaction Document or otherwise, as the Subscribers
      may
      elect, whether or not the Subscribers have made any demand for payment and
      although such obligations, liabilities and claims may be contingent or
      unmatured. The Subscribers shall notify such Guarantor promptly of any such
      set-off and the application made by the Subscribers of the proceeds thereof,
      provided that the failure to give such notice shall not affect the validity
      of
      such set-off and application. The rights of the Subscribers under this Section
      are in addition to other rights and remedies(including, without limitation,
      other rights of set-off) which the Subscribers may have.

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    (g)   Counterparts.
      This
      Guarantee may be executed by one or more of the parties to this Guarantee on
      any
      number of separate counterparts (including by telecopy), and all of said
      counterparts taken together shall be deemed to constitute one and the same
      instrument. 

    

    (h)   Severability.
      Any
      provision of this Guarantee which is prohibited or unenforceable in any
      jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
      such prohibition or unenforceability without invalidating the remaining
      provisions hereof, and any such prohibition or unenforceability in any
      jurisdiction shall not invalidate or render unenforceable such provision in
      any
      other jurisdiction. 

    

    (i)   Section
      Headings.
      The
      Section headings used in this Guarantee are for convenience of reference only
      and are not to affect the construction hereof or be taken into consideration
      in
      the interpretation hereof.

    

    (j)   Integration.
      This
      Guarantee and the other Transaction Documents represent the agreement of the
      Guarantors and the Subscribers with respect to the subject matter hereof and
      thereof, and there are no promises, undertakings, representations or warranties
      by the Subscribers relative to subject matter hereof and thereof not expressly
      set forth or referred to herein or in the other Transaction
      Documents.

    

    (k)   Governing
      Law.
      THIS
      GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
      WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO ANY PRINCIPLES OF
      CONFLICTS OF LAWS. 

    

    (l)   Submission
      to Jurisdictional; Waiver.
      Each
      Guarantor hereby

    irrevocably
      and unconditionally:

    

    
      	 	
              (i)

            	
              submits
                for itself and its property in any legal action or proceeding relating
                to
                this Guarantee and the other Transaction Documents to which it is
                a party,
                or for recognition and enforcement of any judgment in respect thereof,
                to
                the non-exclusive general jurisdiction of the Courts of the State
                of New
                York, located in New York County, New York, the courts of the United
                States of America for the Southern District of New York, and appellate
                courts from any thereof; 

            

    

     

    
      	 	
              (ii)

            	
              consents
                that any such action or proceeding may be brought in such courts
                and
                waives any objection that it may now or hereafter have to the venue
                of any
                such action or proceeding in any such court or that such action or
                proceeding was brought in an inconvenient court and agrees not to
                plead or
                claim the same; 

            

    

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    
      	 	
              (iii)

            	
              agrees
                that service of process in any such action or proceeding may be effected
                by mailing a copy thereof by registered or certified mail (or any
                substantially similar form of mail), postage prepaid, to such Guarantor
                at
                its address referred to in the Purchase Agreement or at such other
                address
                of which the Subscribers shall have been notified pursuant
                thereto;

            

    

    

    
      	 	
              (iv)

            	
              agrees
                that nothing herein shall affect the right to effect service of process
                in
                any other manner permitted by law or shall limit the right to sue
                in any
                other jurisdiction; and 

            

    

    

    
      	 	
              (v)

            	
              waives,
                to the maximum extent not prohibited by law, any right it may have
                to
                claim or recover in any legal action or proceeding referred to in
                this
                Section any special, exemplary, punitive or consequential damages.
                

            

    

    

    (m)    
       Acknowledgements.
      Each
      Guarantor hereby acknowledges that:

    

    
      	 	
              (i)

            	
              it
                has been advised by counsel in the negotiation, execution and delivery
                of
                this Guarantee and the other Transaction Documents to which it is
                a party;
                

            

    

     

    
      	 	
              (ii)

            	
              the
                Subscribers have no fiduciary relationship with or duty to any Guarantor
                arising out of or in connection with this Guarantee or any of the
                other
                Transaction Documents, and the relationship between the Guarantors,
                on the
                one hand, and the Subscribers, on the other hand, in connection herewith
                or therewith is solely that of debtor and creditor; and
                

            

    

    

    
      	 	
              (iii)

            	
              no
                joint venture is created hereby or by the other Transaction Documents
                or
                otherwise exists by virtue of the transactions contemplated hereby
                among
                the Guarantors and the Subscribers.

            

    

    

    (n) 
        Additional
      Guarantors.
      The
      Company shall cause each of its subsidiaries formed or acquired on or subsequent
      to the date hereof to become a Guarantor for all purposes of this Guarantee
      by
      executing and delivering an

    Assumption
      Agreement in the form of Annex 1 hereto.

     

    (o)    
       Release
      of Guarantors.
      Subject
      to Section 2.6, each Guarantor will be released from all liability hereunder
      concurrently with the repayment in full of all amounts owed under the Purchase
      Agreement, the Notes and the other Transaction Documents. 

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    (p)   Seniority.
      The
      Obligations of each of the Guarantors hereunder rank senior in priority to
      any
      other Indebtedness (as defined in the Purchase Agreement) of such Guarantor.
      

    

    (q)   Waiver
      of Jury Trial.
      EACH
      GUARANTOR AND, BY ACCEPTANCE OF THE BENEFITS HEREOF, THE PURCHASERS, HEREBY
      IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR
      PROCEEDING RELATING TO THIS GUARANTEE AND FOR ANY COUNTERCLAIM
      THEREIN.

    

    (r)   The
      parties expressly agree that the “Agent”, as defined and identified under Annex
      B to the Security Agreement, is a third party beneficiary to this Agreement
      with
      rights of enforcement.

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

     

    IN
      WITNESS WHEREOF, each of the undersigned has caused this Guarantee to
      be
      duly executed and delivered as of the date first above written.

    OXFORD
      MEDIA CORP.

    

    By:__________________________________________

    Name:

    Title:

    

    

    CREATIVE
      BUSINESS CONCEPTS, INC.

    

    By:__________________________________________

    Name:

    Title:

    

    SVI
      HOTEL
      CORPORATION

    

    By:__________________________________________

    Name:

    Title:

    

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    SCHEDULE
      1

    

    GUARANTORS

    

    The
      following are the names, notice addresses and jurisdiction of organization
      of
      each Guarantor.

    

    
      	 	
              JURISDICTION
                OF

              INCORPORATION

            	
              COMPANY
                OWNED

              BY
                PERCENTAGE

            
	 	 	 
	 	 	 
	
              Oxford
                Media Corp.

            	
              Delaware

            	
              100%

            
	 	 	 
	
              Creative
                Business Concepts, Inc.

            	
              California

            	
              100%

            
	 	 	 
	
              SVI
                Hotel Corporation 

            	
              Illinois

            	
              100%

            

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    

    Annex
      1
      to

    SUBSIDIARY
      GUARANTEE

    

    ASSUMPTION
      AGREEMENT, dated as of ____ __, ______ made by ______________________________,
      a
      ______________ corporation (the “Additional
      Guarantor”),
      in
      favor of the Subscribers pursuant to the Purchase Agreement referred to below.
      All capitalized terms not defined herein shall have the meaning ascribed to
      them
      in such Purchase Agreement. 

    

    W
      I T N E S S E T H :

    WHEREAS,
      Oxford Media, Inc., a Nevada corporation (the “Company”)
      and
      the Subscribers have entered into a Securities Purchase Agreement, dated as
      of
      September 1st,
      2006
      (as amended, supplemented or otherwise modified from time to time, the
“Purchase
      Agreement”);
      

    WHEREAS,
      in connection with the Purchase Agreement, the Company and its Subsidiaries
      (other than the Additional Guarantor) have entered into the Subsidiary
      Guarantee, dated as of Sepetmber 1st,
      2006
      (as amended, supplemented or otherwise modified from time to time, the
“Guarantee”)
      in
      favor of the Subscribers;

    

    WHEREAS,
      the Purchase Agreement requires the Additional Guarantor to become a party
      to
      the Guarantee; and

    WHEREAS,
      the Additional Guarantor has agreed to execute and deliver this Assumption
      Agreement in order to become a party to the Guarantee;

    

    NOW,
      THEREFORE, IT IS AGREED:

    

    1.    Guarantee.
      By
      executing and delivering this Assumption Agreement, the Additional Guarantor,
      as
      provided in Section 5(n) of the Guarantee, hereby becomes a party to the
      Guarantee as a Guarantor thereunder with the same force and effect as if
      originally named therein as a Guarantor and, without limiting the generality
      of
      the foregoing, hereby expressly assumes all obligations and liabilities of
      a
      Guarantor thereunder. The information set forth in Annex 1-A hereto is hereby
      added to the information set forth in Schedule 1 to the Guarantee. The
      Additional Guarantor hereby represents and warrants that each of the
      representations and warranties contained in Section 3 of the Guarantee is true
      and correct on and as the date hereof as to such Additional Guarantor (after
      giving effect to this Assumption Agreement) as if made on and as of such
      date.

     

    2.    Governing
      Law.
      THIS
      ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
      ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

    

    

    

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

     

    
 

    IN
      WITNESS WHEREOF, the undersigned has caused this Assumption Agreement
      to be duly executed and delivered as of the date first above
      written.

    

    [ADDITIONALGUARANTOR]

    

    By:
           

    Name:

    Title:Exhibit 10.6 - Stock Purchase Agreement

    
      

      

    

    

      

      

      

      

      

      

      

      

      

      

      

      
        	
                 

                 

                 

                STOCK
                  PURCHASE AGREEMENT

                 

                 

                 

              

      

      

      

       

      

      

      

      OXFORD
        MEDIA, INC.

      

      and

      

      SVI
        SYSTEMS, INC.

      

      

      PURCHASE
        AND SALE OF 100% OF THE ISSUED AND

      OUTSTANDING
        COMMON STOCK

      

      OF

      

      SVI
        HOTEL CORPORATION

      

      

      EFFECTIVE
        DATE:

      01
        JULY 2006

       

       

       

       

      

      

      

      

      
        
          
             

          

          
            1

            
              

            

          

          
             

          

        

      

      

      

      STOCK
        PURCHASE AGREEMENT

      
        

        

      

       

      I

       

      PARTIES

      

      THIS
        STOCK PURCHASE AGREEMENT
        (the
“Agreement”) is entered into as of the 19th
        day of
        July, 2006 (the “Execution Date”) by and between OXFORD MEDIA, INC., a Nevada
        corporation (“OXMI”); and,
        SVI
        SYSTEMS, INC., an Illinois corporation (“Seller”), as the sole and selling
        shareholder of SVI HOTEL CORPORATION, an Illinois corporation and a wholly-owned
        subsidiary of Seller (“Hotel Corporation”). OXMI and Seller are sometimes
        referred to collectively herein as the “Parties”, and each individually as a
“Party”.

      

      II

       

      RECITALS

      

      A.   Seller
        owns one thousand (1,000) shares of the common capital stock of Hotel
        Corporation, which shares represent all of the duly authorized, validly issued,
        and currently outstanding common capital stock of Hotel Corporation (the
        “Stock”).

      

      B.   Hotel
        Corporation is engaged in the business of owning and operating an active
        business utilizing
        its assets (including all accrued but not yet payable assets) to provide
        video-on-demand movie systems, free-to-guest satellite systems, high-speed
        Internet solutions, and repair and maintenance services for same to the
        hospitality industry (the
        “Hotel Business”).

      

      C.   Hotel
        Corporation currently conducts its business in the geographic area which
        constitutes and comprises the entire United States (except for Hawaii and
        Alaska).

       

      D.   Seller
        desires to sell the Stock to OXMI, and OXMI desires to purchase the Stock
        from
        the Seller pursuant to the terms, covenants, and conditions contained
        herein.

      

      E.   As
        further outlined below, unless specifically provided to the contrary, the
        purchase of the Stock by OXMI from Seller shall entitle OXMI to acquire (through
        its acquisition of the Stock) all assets currently held by Hotel Corporation,
        including but not limited to (1) all real property, leaseholds, subleaseholds,
        improvements, and fixtures; (2) all tangible personal property, such as
        equipment, machinery, furniture, supplies, inventories, and automobiles;
        (3) all
        Intellectual Property Rights (as defined in Section 8.27, below); (4) all
        agreements and contract rights, including licenses and sublicenses; (5) all
        financial interests, such as accounts receivable, prepaid deposits, insurance
        policies (if any), claims, prepayments, refunds, notes, securities; (6) all
        computer related assets, both hardware and software, and all related licenses;
        (7) all Internet related assets, such as domain names, Web Sites, and all
        related accounts and rights; (8) all permits, licenses, approvals, franchises,
        orders, registrations, certificates, variances, and all similar rights obtained
        from regulatory agencies or entities; (9) all customer lists and potential
        customer lists; (10) the goodwill of Hotel Corporation; (11) all telephone
        and
        fax lines and numbers, and all E-Mail addresses; and, (12) all other tangible
        and intangible assets and Intellectual Property Rights and proprietary
        information and all other assets which are owned, held or used by Hotel
        Corporation in connection with the Hotel Business (cumulatively referred
        to as
        the “Hotel Assets”).

      

      

      
        
          
             

          

          
            2

            
              

            

          

          
             

          

        

      

      

      

      F.    The
        Hotel
        Assets constitute all of the assets previously owned by Seller used in the
        conduct of the Hotel Business as conducted by Seller immediately prior to
        the
        transfer and assignment of the Hotel Assets by Seller to Hotel Corporation,
        except as expressly provided herein to the contrary.  

      

      G.   The
        Board
        of Directors of OXMI has deemed it advisable, and in the best interests of
        OXMI
        and its stockholders, that OXMI consummate the business combination and other
        transactions provided for herein in order to advance the long-term strategic
        business interests of OXMI, and as such, has approved, in accordance with
        applicable provisions of Nevada Corporate Law, this Agreement and the
        transactions contemplated hereby.

      

      H.   The
        Board
        of Directors of Seller has deemed it advisable, and in the best interests
        of
        Seller and its stockholders, that Seller consummate the business combination
        and
        other transactions provided for herein in order to advance the long-term
        strategic business interests of Seller, and as such, has approved, in accordance
        with applicable provisions of Illinois Corporate Law, this Agreement and
        the
        transactions contemplated hereby.

      

      I.    NOW,
        THEREFORE,
        in
        consideration of the promises and the mutual covenants contained herein,
        the
        Parties, intending to be legally bound, hereby agree as follows:

      

      III

      

      DEFINED
        TERMS AND INTERPRETATION

      

      3.1 
          Definitions.
        The
        following capitalized terms shall have the respective meanings specified
        in this
        Article III. Other terms defined elsewhere herein shall have meanings so
        given
        them.

      

      3.1.1.  
         Accredited
        Investor.
        “Accredited
        Investor”
has
        the
        meaning set forth in Regulation D promulgated under the Securities
        Act.

      

      3.1.2. 
         Affiliate.
        “Affiliate” shall mean a Person that directly or indirectly, through one or more
        intermediaries, controls, is controlled by, or is under common control with,
        the
        first Person.

      

      3.1.3. 
         Code.
“Code”
        shall mean the Internal Revenue Code of 1986, as amended from time-to-time,
        and
        the rules and regulations thereunder.

      

      3.1.4.
         Confidential
        Information.
        “Confidential Information” shall mean any information concerning the businesses
        and affairs of a respective Party that is not already generally available
        to the
        public.

       

      3.1.5. 
         Control.
        “Control” (including the terms “controlled by” and “under common control with”)
        shall mean the possession, directly or indirectly, of the power to direct
        or
        cause the direction of the management policies of a Person, whether through
        the
        ownership of voting securities, by contract or otherwise.

      

      

      
        
          
             

          

          
            3

            
              

            

          

          
             

          

        

      

      

      

      3.1.6. 
         Illinois
        Corporate Law.
        “Illinois
        Corporation Law” shall mean the Business Corporation
        Act of 1983 of the State of Illinois, as amended.

      

      3.1.7. 
         Intellectual
        Property.
        “Intellectual Property” (also referred to as “Intellectual Property Assets”)
        shall mean and include the following, as well as all other general intangibles
        of a like nature and all (i) goodwill, and (ii) confidential data or information
        relating to the below listed items, for each respective Party:

      

      (a)    The
        Party’s full legal name and all derivations thereof used by that Party, all
        fictional business names, trading names, designs, registered and unregistered
        trademarks, registered and unregistered service marks, and applications
        (collectively, the “Marks”);

      

      (b)    All
        patents, patent applications, and inventions and discoveries that may be
        patentable (collectively, the “Patents”);

      

      (c)    All
        copyrights in both published works and unpublished works, if any (the
“Copyrights”);

      

      (d)    All
        rights in mask works, if any (the “Rights in Mask Works”); and

      

      (e)    All
        know-how, trade secrets, confidential information, customer lists, computer
        software, databases, source codes, object codes, works of authorship, know-how,
        technical information, data, process technology, user interfaces, proprietary
        concepts, ideas, techniques, business models and methodologies, plans, drawings,
        and blue prints owned, used, or licensed by OXMI as licensee or licensor,
        if any
        (the “Trade Secrets”). 

      

      3.1.8. 
         IRS.
“IRS”
        shall mean the Internal Revenue Service.

      

      3.1.9. 
         Knowledge.
        “Knowledge” shall mean, with respect to any Party, the actual knowledge of the
        officers of such Party after reasonable investigation.

      

      3.1.10.
         Material
        Adverse Change.
        “Material Adverse Change” shall mean a change which results in a Material
        Adverse Effect.

      

      3.1.11.
         Material
        Adverse Effect.
        “Material Adverse Effect” shall mean the following meaning:

      

      (a)    with
        respect to Hotel Corporation, (i) a material adverse effect on the financial
        condition, business, results of operations or properties of Hotel Corporation,
        other than a material adverse effect that results from general economic,
        social,
        political or other conditions or events that affect in general the industry
        in
        which Hotel Corporation operates; (ii) an effect which would materially impair
        Hotel Corporation’s ability to timely to consummate the transactions
        contemplated under this Agreement; and

      

      

      
        
          
             

          

          
            4

            
              

            

          

          
             

          

        

      

       

      

      (b)    with
        respect to OXMI, (i) a material adverse effect on the financial condition,
        business, results of operations or properties of OXMI on a consolidated basis,
        other than a material adverse effect that results from general economic,
        social,
        political or other conditions or events that affect in general the industry
        in
        which OXMI operates; (ii) an effect which would materially impair OXMI’s ability
        timely to consummate the transactions contemplated under this
        Agreement.

      

      3.1.12.
         Nevada
        Corporate Law.
“Nevada
        Corporation Law” shall mean the General
        Corporation Law of the State of Nevada, as amended.

      

      3.1.13. Ordinary
        Course of Business.
        “Ordinary Course of Business” shall mean the course of business procedures and
        practices consistent with past custom and practice (including with respect
        to
        quantity and frequency).

      

      3.1.14.
         OXMI
        Common Stock.
“OXMI
        Common Stock” shall mean any share of the Common Stock, $.001 par value per
        share, of OXMI.

      

      3.1.15.
        Person.
        “Person” shall mean any individual, corporation (including any non-profit
        corporation), general partnership, limited partnership, limited liability
        partnership, joint venture, estate, trust, company (including any limited
        liability company or joint stock company), firm or other enterprise,
        association, organization, unincorporated organization, governmental entity,
        or
        any other type of entity.

      

      3.1.16.
        Prime.
“Prime”
        shall mean United States federal prime interest rate as announced by The
        Wall
        Street Journal on the day on which the interest rate is to be set hereunder.
        

      

      3.1.17.
        SEC.
“SEC”
        shall mean the Securities and Exchange Commission.

      

      3.1.18.
        Securities
        Act.
        “Securities Act” shall mean the Securities Act of 1933, as amended from time to
        time. 

      

      3.1.19.
        SEC
        Filings.
“SEC
        Filings” shall mean, with respect to any Person, all registration statements,
        annual, quarterly, and current reports, and other documents filed by that
        Person
        with the SEC pursuant to the Securities Act of 1933 or the Securities Exchange
        Act of 1934.

      

      3.1.20.
        Security
        Interest.
        “Security Interest” shall mean any mortgage, pledge, lien, encumbrance, charge,
        or other security interest, other
        than
        (a)
        mechanic’s, materialmen’s, and similar liens, (b) liens for taxes not yet due
        and payable or for taxes that the taxpayer is contesting in good faith through
        appropriate proceedings, (c) purchase money liens and liens securing rental
        payments under capital lease arrangements, and (d) other liens arising in
        the
        Ordinary Course of Business and not incurred in connection with the borrowing
        of
        money.

      

      3.1.21.
        Subsidiary.
        “Subsidiary” shall mean any corporation with respect to which a specified Person
        (or a Subsidiary thereof) owns a majority of the common stock or has the
        power
        to vote or direct the voting of sufficient securities to elect a majority
        of the
        directors.

      

      

      
        
          
             

          

          
            5

            
              

            

          

          
             

          

        

      

       

      

      3.1.22.
        Tax
        or Taxes.
“Tax”
        or “Taxes” shall mean any federal, state, local or foreign income, gross
        receipts, license, payroll, employment, excise, severance, stamp, occupation,
        premium, windfall profits, environmental, customs duties, capital stock,
        franchise, profits, withholding, social security (or similar), unemployment,
        disability, real property, personal property, sales, use, transfer,
        registration, value added, alternative or add-on minimum, estimated, or other
        tax of any kind whatsoever, including any interest, penalty, or addition
        thereto, whether disputed or not.

      

      3.1.23.
        Tax
        Return.
“Tax
        Return” shall mean any return, declaration, report, claim for refund, or
        information return or statement relating to Taxes, including any schedule
        or
        attachment thereto, and including any amendment thereof.

      

      3.1.24
        Transaction
        Expenses.
        “Transaction Expenses” shall mean and include all reasonable, actual, and
        documented out-of-pocket expenses (including, without limitation, all reasonable
        fees and expenses of counsel, accountants, and investment bankers to a Party
        and
        its Affiliates) incurred by a Party or on its behalf in connection with or
        related to (i) the authorization, preparation, negotiation, execution, and
        performance of this Agreement; (ii) the preparation, printing, filing, and
        mailing of any SEC Filings made or contemplated by that Party in connection
        with
        this Agreement and the transactions envisioned hereunder; and, (iii) all
        other
        matters related to the consummation of the transactions contemplated under
        this
        Agreement.

      

      3.2    Accounting
        Terms and Determinations.
        All
        accounting terms used in this Agreement and not otherwise defined shall have
        the
        meaning accorded to them in accordance with GAAP and, except as expressly
        provided herein, all accounting determinations shall be made in accordance
        with
        GAAP, consistently applied. When used herein, the term “financial statements”
shall include the notes and schedules attached thereto. The term “GAAP” means
        United States generally accepted accounting principles consistently applied
        as
        in effect from time to time.

      

      3.3      
         Interpretation.

      

      3.3.1. 
         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.

      

      3.3.2. 
         Number
        and Gender.
        Wherever
        from the context it appears appropriate, (i) each term stated either in the
        singular or plural shall include the singular and plural; and, (iii) wherever
        from the context it appears appropriate, the masculine, feminine, or neuter
        gender, shall each include the others.

      

      3.3.3. 
         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.

      
        

        3.3.4. 
           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.

      

      

      

      
        
          
             

          

          
            6

            
              

            

          

          
             

          

        

      

      
 

      3.3.5. 
         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.

      

      3.3.6.   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.

      

      3.4     
         Additional
        Definitions and Interpretation 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); 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; (iii) 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; (iv) all references to “Dollars” or “$” shall be construed
        as being United States dollars; and, (v) the
        term
“including” is not limiting and means “including without limitation”.

      

      IV

      

      SALE
        AND TRANSFER OF STOCK

      

      4.1     
         Purchase
        and Sale.
        On the
        Closing Date specified in Section 12.1 herein, Seller shall sell, transfer,
        convey, assign, and deliver to OXMI, and OXMI shall purchase, acquire, and
        accept from Seller, the Stock, pursuant to this Agreement. 

      

      4.2 
          Purchase
        Price.
        At
        the
        Closing, OXMI shall acquire the Stock and all other rights and preferences
        hereunder for the total consideration at Closing represented by (i) the payment
        of all components of the Purchase Price reflected in Section 4.3, below;
        and,
        (ii) the Additional Purchase Price, as further described below. All items
        comprising the Purchase Price are collectively referred to herein as the
“Base
        Purchase Price”.

      

      4.3 
          Payment.
        The
        Base Purchase Price, except for the Additional Purchase Price, shall be payable
        at the Closing as follows:

      

      4.3.1. 
         Cash
        Payment.
        OXMI
        shall pay Seller, or its designees, an aggregate amount of Five Million Eight
        Hundred Fifty Thousand Dollars ($5,850,000.00) by wire transfer of immediately
        available funds in accordance with the instructions and directions provided
        by
        Seller, as reflected on Schedule 4.3.1., attached hereto and incorporated
        herein
        by reference, upon which OXMI is entitled to rely. The Parties hereby further
        agree that the payments to be made by both Parties in accordance with Schedule
        4.3.1. shall be strictly followed by the Parties and that any breach of Schedule
        4.3.1. shall not be subject to or limited by the provisions of Section 16.8,
        below. 

      

      

      
        
          
             

          

          
            7

            
              

            

          

          
             

          

        

      

      

      

      4.3.2. 
         Convertible
        Note.
        OXMI
        shall deliver to Seller, or its designees, its convertible promissory note
        (the
“Convertible Note”) in the face amount of Two Million Three Hundred Fifty
        Thousand Dollars ($2,350,000.00), in the form attached hereto
        as
        Exhibit 4.3.2. and hereby incorporated by reference, and providing for the
        following terms and conditions, among others: 

      

      (a)    Simple
        interest at the rate of Prime plus one and one-half percent (1.5%) per annum,
        paid and adjusted every calendar quarter; 

      

      (b)    Principal
        due in full on or before 15 July 2008;

      

      (c)    Convertible
        into OXMI Common Stock at the price of One Dollar and Seventy-Five Cents
        ($1.75)
        per share upon fifteen (15) calendar days written notice; and

      

      (d)    OXMI
        shall have the right to make payment on the principal balance, in whole or
        in
        part, at any time and from time to time without penalty, upon fifteen (15)
        days
        written notice, during which time the holder may
        elect
        either to accept the prepayment or exercise its right to convert any amount
        of
        the principal of the Convertible Note which is to be prepaid.

      

      (e)    The
        Convertible Note shall be subject to that certain Intercreditor Agreement
        which
        will be attached as an exhibit to the Convertible Note. 

      

      4.3.3. 
         Issued
        Shares.
        OXMI
        shall issue to Seller, or its designees, one million two hundred thousand
        (1,200,000) shares of duly authorized, validly issued, fully paid, and
        nonassessable shares of OXMI Common Stock, which shares are referred to herein
        as the “Issued Shares”. 

      

      4.3.4. 
         Warrants.
        OXMI
        shall issue to Seller, or its designees, warrants to purchase one million
        (1,000,000) shares of OXMI Common Stock (the “Warrants”) in the form of the
        Common Stock Warrant attached hereto as Exhibit 4.3.4. and incorporated herein
        by reference, which shall provide for, among other things: 

      (a)    The
        shares covered by the Warrants may be acquired for One Dollar and Seventy-Five
        Cents ($1.75) per share.

      

      (b)    The
        Warrants shall expire five (5) years from Closing. 

      

      (c)    The
        Warrants shall not expire upon a sale of substantially all of the assets
        of
        OXMI, a merger involving OXMI, or a sale or similar acquisitive transaction
        of
        substantially all of the issued and outstanding OXMI Common Stock.

      

      4.4      
         Additional
        Purchase Price.
        OXMI
        shall pay to Seller, or its designees, as the “Additional Purchase Price”, a
        monthly amount based upon digital conversions as described in Schedule 4.4,
        attached hereto and incorporated herein by reference. The total of the
        Additional Purchase Price shall in no event exceed Four Million Dollars
        ($4,000,000.00).

       

      4.5     
         Taking
        of Necessary Action; Further Action.
        If, at
        any time after the Execution Date, any further action is necessary or desirable
        to carry out the purposes of this Agreement and to vest OXMI with full right,
        title, and possession to all assets, property, rights, privileges, powers,
        and
        franchises of Hotel Corporation, the officers and directors of Seller will
        take
        all such lawful and necessary action.

      
         

        
 

        
          
            
               

            

            
              8

              
                

              

            

            
               

            

          

        

         

         

      

      4.6     
         Share
        Certificate.
        At the
        Closing, Seller shall deliver to OXMI the share certificates representing
        ownership of the Stock, duly endorsed for transfer, free and clear of all
        liens
        and encumbrances.

      

      V

      

      CERTAIN
        RETAINED AND EXCLUDED RIGHTS

      

      5.1     
         Healthcare
        Business.
        As
        further defined and limited herein, Seller shall retain and remain in the
        healthcare business it conducted prior to the Closing, and shall retain
        ownership to and over the Excluded Assets, as defined in Section 5.3, below.
        However, other than as expressly provided for herein, Seller shall retain
        absolutely no rights of any kind to any of the Hotel Assets or the Hotel
        Business. 

      

      5.2      
        Assumed
        Liabilities.
        Except
        as expressly provided herein to the contrary or on Schedule 5.2, attached
        hereto
        and incorporated herein by reference, OXMI shall not, and expressly does
        not,
        assume any liabilities, obligations, or commitments of Hotel Corporation
        or
        Seller, known or unknown, accrued, contingent or otherwise, of whatsoever
        kind
        or nature.

      

      5.3      
        Excluded
        Assets.
        Schedule 5.3, attached hereto and incorporated herein by reference, is the
        exhaustive list of those assets retained by Seller even though they were
        previously used by Seller in connection with its ownership and operation
        of the
        Hotel Business (the “Excluded Assets”). 

      

      5.4     
         Patent
        Assignment.
        Pursuant to that certain Patent License Agreement, attached hereto as Exhibit
        5.4 and incorporated herein by reference, Hotel Corporation shall license
        to
        Seller that certain patent identified under the Patent License Agreement.
        

      VI

      

      INVENTORY
        AND INSPECTION

      

      6.1       Inventory.
        At the
        sole discretion of OXMI, and at its own cost and expense, OXMI may take a
        complete inventory of the stock in trade and merchandise of Hotel Corporation
        at
        any time prior to the Closing, but only upon reasonable notice given to Seller,
        and only during the regular business hours of Hotel Corporation, and without
        unreasonably disrupting the Hotel Business, and only on the following days:
        July
        10, 11, 12, 13, and 14. No item shown on the inventory shall be transferred
        to
        any person, or removed from the Premises, other than in Ordinary Course of
        Business.

       

      6.2     
         Inspection.
        At the
        sole discretion of OXMI, and at its own cost, OXMI may undertake a complete
        inspection of the financial and business records of Hotel Corporation at
        any
        time prior to the Closing, but only during the regular business hours of
        Hotel
        Corporation, upon reasonable notice given to Seller, and without unreasonably
        disrupting the Hotel Business, and only on the following days: July 10, 11,
        12,
        13, and 14. In the event the transaction envisioned hereunder is not effected,
        for any reason, then OXMI shall maintain the confidentiality of the information
        it obtained during its inspection under this Article VI, which shall survive
        the
        execution and delivery of this Agreement and any termination of this Agreement.
        

       

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      
 

      VII

      

      REPRESENTATIONS
        AND WARRANTIES BY SELLER REGARDING

      THE
        SHARES AND THE TRANSFER OF HOTEL ASSETS

      

      Except
        as
        expressly set forth to the contrary in Schedules attached to this Agreement,
        corresponding to the lettered and numbered Sections contained in this Article
        VII, Seller hereby represents and warrants to OXMI as follows in regard to
        the
        Shares, as of the Execution Date and as of the Closing Date, as supplemented
        and
        updated pursuant to this Agreement:

      

      7.1     
         Authorized
        and Outstanding Stock.
        The
        authorized capital stock of Hotel Corporation consists of ten thousand (10,000)
        shares of common stock, $-0.000- par value, of which one thousand (1,000)
        shares
        are validly issued and outstanding, fully paid and nonassessable. No shares
        of
        the Stock have been issued in violation of any preemptive rights or any federal
        or state securities laws. No shares are held as treasury stock.

      

      7.2     
         Title
        to the Stock.
        There
        are no outstanding subscriptions, options, warrants, calls, commitments,
        or
        agreements to which Hotel Corporation or Seller is a party or by which it
        is
        bound relating to its authorized or issued capital stock or the Stock,
        respectively. The Stock is owned beneficially and of record by Seller. Seller
        has full right and title to the Stock, free and clear of any and all
covenants,
        conditions, restrictions, voting trust arrangements, liens, charges,
        encumbrances, options and adverse claims or rights whatsoever (“Claims”),
and
        full
        and unrestricted right and power to sell and deliver the Stock pursuant to
        the
        provisions of this Agreement without obtaining the consent or approval of
        any
        other person.

      

      

      7.3       Transfer
        of the Stock.
        At the
        Closing and, upon consummation of the purchase contemplated hereby, OXMI
        will
        acquire from Seller good and marketable title to the Stock, free and clear
        of
        all Claims.

      

      7.4     
         No
        Brokers.
        No
        broker or finder has acted for Seller of Hotel Corporation in connection
        with
        this Agreement or the transactions contemplated hereby, and no broker or
        finder
        is entitled to any brokerage or finder’s fee or other commissions in respect of
        such transactions based upon agreements, arrangements, or understandings
        made by
        or on behalf of Seller or Hotel Corporation.

      

      7.5     
         Full
        and Complete Transfer.
        The
        assignment and transfer by Seller of the Hotel Assets occurred prior to the
        Closing so that the Hotel Business was conducted by Hotel Corporation prior
        to
        the Closing. Said transfer consisted of all of the assets used by Seller
        in
        connection with its ownership and operation of the Hotel Business, with the
        sole
        exception of the Excluded Assets, and is reflected in the assignment document
        attached hereto as Exhibit 7.5 and incorporated herein by reference.

      

      

      
        
          
             

          

          
            10

            
              

            

          

          
             

          

        

      

      

      

      VIII

      

      REPRESENTATIONS
        AND WARRANTIES BY SELLER REGARDING HOTEL

      CORPORATION
        AND THE HOTEL BUSINESS 

      

      Except
        as
        expressly set forth to the contrary in Schedules attached to this Agreement,
        corresponding to the lettered and numbered Sections contained in this Article
        VIII, Seller hereby represents and warrants to OXMI as follows in regard
        to
        Hotel Corporation, as of the Execution Date and as of the Closing Date, as
        supplemented and updated pursuant to this Agreement:

      

      8.1       Organization
        and Good Standing.
        Hotel
        Corporation is a corporation duly organized, validly existing, and in good
        standing under the laws of the State of Illinois. Hotel Corporation has all
        requisite corporate power and authority to carry on the businesses in which
        it
        is engaged and to own and use the properties owned and used by it.

      

      8.2       Foreign
        Qualifications.
        Hotel
        Corporation is duly qualified to conduct business and is in corporate and
        tax
        good standing under the laws of each jurisdiction in which the nature of
        its
        businesses or the ownership or leasing of its properties requires such
        qualification. Schedule 8.2, attached hereto and incorporated herein by
        reference, contains a full and complete list of all states in which Seller
        was
        qualified to conduct the Hotel Business as of the Closing Date. 

      

      8.3       Organizational
        Documents.
        Seller
        has furnished to OXMI true and complete copies of its Articles of Incorporation
        and Bylaws, each as amended and as in effect on Execution Date. Hotel
        Corporation is not in default under or in violation of any provision of its
        Articles of Incorporation or Bylaws.

      

      8.4       Authorization.

      

      

      8.4.1. 
         Operation
        of Business.
        Hotel
        Corporation and Seller each has the requisite corporate power and authority
        and
        all requisite licenses, permits and franchises necessary to own and operate
        its
        properties and to carry on its business as now being conducted.

      

      8.4.2 
         Execution
        of Agreement.
        Seller
        Corporation has the requisite corporate power and authority and
        has
        obtained all approvals and consents necessary to enter
        into and carry out the terms and conditions of this Agreement, as well as
        all
        transactions contemplated hereunder. All corporate proceedings have been
        taken
        and all corporate authorizations have been secured which are necessary to
        authorize the execution, delivery, and performance by Seller of this Agreement.
        This Agreement has been duly and validly executed and delivered by Seller
        and
        constitutes the valid and binding obligations of Seller, enforceable in
        accordance with the respective terms. 

      

      8.5       Effect
        of Agreement.
        As of
        the Closing, the consummation by Seller of the transactions herein contemplated,
        including the execution, delivery, and consummation of this Agreement, will
        comply with all applicable law and will not:

       

      (a)   Violate
        any judgment, statute, law,
        code,
        act, order,
        writ, rule, ordinance, regulation, governmental
        consent or governmental requirement, or
        determination or decree of any arbitrator, court, or other governmental agency
        or administrative body, which
        now
        or at any time hereafter may be applicable to and enforceable against the
        relevant party, work, or activity in question or any part thereof (collectively,
        “Requirement of Law”) applicable to or binding upon Hotel Corporation or
        Seller;

       

       

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      
 

      (b)   Violate
        (i)
        the
        terms of the Articles of Incorporation or Bylaws of Hotel Corporation or
        Seller;
        or, (ii) any material agreement, contract, mortgage, indenture, bond, bill,
        note, or other material instrument or writing binding upon Hotel Corporation
        or
        Seller or to which Hotel Corporation or Seller is subject; 

      

      (c)   Accelerate
        or constitute an event entitling the holder of any indebtedness of Hotel
        Corporation to accelerate the maturity of such indebtedness or to increase
        the
        rate of interest presently in effect with respect to such indebtedness;
        or

      

      (d)   Result
        in
        the breach of, constitute a default under, constitute an event which with
        notice
        or lapse of time, or both, would become a default under, or result in the
        creation of any lien, security interest, charge or encumbrance upon any of
        the
        assets or any other properties of Seller or Hotel Corporation under any
        agreement, commitment, contract (written or oral) or other instrument to
        which
        Seller or Hotel Corporation is a party or by which it is bound or
        affected.

      

      8.6       Consents.
        No
        consents, approvals or other authorizations or notices, other than those
        which
        have been obtained and are in full force and effect, are required by any
        state
        or federal regulatory authority or other Person or entity in connection with
        the
        execution and delivery of this Agreement and the performance of any obligations
        contemplated hereunder.

      

      8.7       Legal
        Proceedings.
        Other
        than as otherwise provided for herein or reflected on Schedule 8.7, attached
        hereto and incorporated herein by reference, there
        are
        no legal, administrative, arbitral or other actions, claims, suits or
        proceedings or investigations instituted or pending or, to the Knowledge
        of
        Seller, threatened against Hotel Corporation or Seller, or against any property,
        asset, interest or right of Hotel Corporation or Seller, that might reasonably
        be expected to have a Material Adverse Effect or that might reasonably be
        expected to threaten or impede the consummation of the transactions contemplated
        by this Agreement.

      

      8.8       Regulatory
        Compliance.
        To the
        best Knowledge of Seller, neither Seller nor Hotel Corporation has violated
        any
        Requirement of Law, the violation of which would be reasonably likely to
        have a
        Material Adverse Effect. Further, Hotel Corporation and Seller have met the
        minimum funding requirements of ERISA with respect to any employee benefit
        plans
        subject to ERISA, and no event has occurred resulting from a failure of either
        Hotel Corporation or Seller to comply with ERISA that could result in either
        incurring any material liability. Neither Hotel Corporation nor Seller is
        an
“investment company” or a company “controlled” by an “investment company” within
        the meaning of the Investment Hotel Corporation Act of 1940. 

      

      8.9       Capitalization.
        Other
        than as otherwise provided for herein or reflected on Schedule 8.9, attached
        hereto and incorporated herein by reference, there are no outstanding or
        authorized options, warrants, purchase rights, subscription rights, conversion
        rights, exchange rights, or other contracts or commitments that could require
        Hotel Corporation to issue, sell, or otherwise cause to become outstanding
        any
        of its capital stock. 

      

      

      
        
          
             

          

          
            12

            
              

            

          

          
             

          

        

      

       

      

      8.10   
         Disclosure.
        The
        representations and warranties of Hotel Corporation and Seller, respectively,
        contained in this Agreement and in any writing, agreement, certificate,
        affidavit, statutory declaration, or other document delivered or given pursuant
        to this Agreement are true and correct in all material respects and do not
        contain any untrue statement of a material fact or omit to state a material
        fact
        necessary to make the statements contained in such representations and
        warranties not misleading.

       

      8.11   
         Employee
        Benefit Plans.
        Except
        as set forth in Schedule 8.11, attached hereto and incorporated herein by
        reference, Hotel Corporation is not a party to any written or oral (i) contract
        with any labor union, (ii) bonus, pension, profit-sharing, retirement, deferred
        compensation, savings, stock purchase, stock option, hospitalization, insurance
        or other plan providing employees benefits, (iii) employment, agency, consulting
        or similar contract which cannot be terminated by it in one hundred twenty
        (120)
        days or less, without cost, or (iv) any other plan, agreement or arrangement
        governed by the Employee Retirement Income Security Act of 1974, as amended
        (“ERISA”). 

      

      8.12   
         Permits
        and Licenses.
        Hotel
        Corporation has all licenses and permits (federal, state, and local) required
        by
        governmental authorities to own, operate, and carry on its business as now
        being
        conducted, and such licenses and permits are in full force and effect. No
        violations are or have been recorded in respect to the licenses or permits,
        included but not limited to fire and health and safety law violations, and
        no
        proceeding is pending or threatened looking toward the revocation or limitation
        of any of them. 

      

      

      8.13   
         Customers
        and Suppliers.
        Seller
        has, prior to the Closing, provided to Hotel Corporation books and records
        of
        which contain a correct and complete list of each of the customers and suppliers
        of who dealt with Seller during the last five (5) years in regard to the
        Hotel
        Business (the “Customers and Suppliers”). Seller has taken all commercially
        reasonable steps to maintain the confidentiality of the Customers. To the
        best
        Knowledge of Seller:

      

      (a)   None
        of
        the material Customers or Suppliers, or any other person or entity who had
        material business dealings with Seller will or may cease to continue such
        relationship with Hotel Corporation;

      

      (b)   None
        of
        the material Customers or Suppliers, or any other person or entity who had
        material business dealings with Seller will or may substantially reduce the
        extent of such relations with Hotel Corporation at any time from or after
        the
        Closing;

      

      (c)   There
        are
        no other existing or contemplated material modifications or changes in the
        business relationship of any Customers or Suppliers with Hotel Corporation;
        

      

      (d)   There
        are
        no existing conditions or state of facts or circumstances which have or would
        have a Material Adverse Effect on the relationship of Hotel Corporation with
        Customers or Suppliers after Closing, or which has prevented or will prevent
        such business from being carried on after the Closing in essentially the
        same
        manner as it is currently carried on.

       

      8.14   
         Leases
        and Similar Agreements.
        Except
        as set forth in Schedule 8.14, attached hereto and incorporated herein by
        reference, Seller was not (with regard to the Hotel Business) and Hotel
        Corporation is not a party to, nor are any of the Hotel Assets bound by or
        subject to, any leases or other similar agreements or instruments, whether
        as
        lessor or lessee. With regard to all such disclosed leases and similar
        agreements, Seller has delivered to Company any and all consents or waivers
        of
        other parties necessary for the continuation of the leases and similar
        agreements upon the same terms and conditions in effect as of the
        Closing.

       

       

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

      
 

      8.15   
         Material
        Agreements.
        Except
        as set forth in Schedule 8.15, attached hereto and incorporated herein by
        reference, Seller (with regard to the Hotel Business) was not and Hotel
        Corporation is not, nor are any of the Hotel Assets, bound by or subject
        to, any
        of the following:

      

      (a)   license
        agreement, assignment or contract (whether as licensor or licensee, assignor
        or
        assignee) relating to trademarks, trade names, patents or copyrights (or
        applications therefore), know-how or technical assistance, or other proprietary
        rights (other than trademark agreements which are entered into in the Ordinary
        Course of Business of Seller in conjunction with sales agreements;

      

      (b)   agreement
        or other arrangement for the sales of goods or services by Seller to any
        government or governmental authority (other than pursuant to open purchase
        orders issued by such entities) related to the Hotel Business;

      

      (c)   agreement
        with any vendor, distributor, dealer, sales agent or representative other
        than
        contracts or orders for the purchase or sale of goods made in the usual and
        Ordinary Course of Business at an aggregate price per contract or order of
        less
        than Fifty Thousand Dollars ($50,000) and term of less than ninety (90) days
        under any such contract or order;

      

      (d)   agreement
        with any supplier or customer with respect to discounts (other than those
        reflected on Seller’s Hotel Corporation’s current price lists) or allowances or
        extended payment terms;

      

      (e)   joint
        venture or partnership agreement with any other person;

      

      (f)   agreement
        which restricts Seller or Hotel Corporation from doing business anywhere
        in the
        world; or

      

      (g)   long-term
        services agreement in excess of Five Thousand Dollars ($5,000) per
        year.

      

      8.16    
         Employees.

      

      (a)   Schedule
        8.16(a), attached hereto and incorporated herein by reference, contains
        a list of (i) all employees of Seller who performs services in regard to
        the
        Hotel Business and who Seller will not retain as an employee after the Closing,
        along with the position and the annual rate of compensation of each such
        person;
        and, (ii) all independent contractors of Seller retained to develop products
        for
        Seller in regard to the Hotel Business, along with a brief description of
        the
        terms of each such contractor’s arrangement. 

      

      (b)   To
        the
        Knowledge of Seller, no key employee or group of employees has any plans
        to
        terminate employment with Hotel Corporation. 

      

      (c)   Seller
        (with regard to the Hotel Business) was not and Hotel Corporation is not
        a party
        to or bound by any collective bargaining agreement, nor has it experienced
        any
        strikes, grievances, claims of unfair labor practices or other collective
        bargaining disputes. Seller has no Knowledge of any organizational effort
        being
        made or threatened, either currently or within the past two (2) years, by
        or on
        behalf of any labor union with respect to employees of Seller or Hotel
        Corporation.

       

       

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

      
 

      (d)   Except
        as
        set forth in Schedule 8.16(a), Seller has no knowledge of any former employees
        of Seller or Hotel Corporation engaged in an enterprise competitive with
        the
        Hotel Business.

      

      (e)   Except
        as
        set forth in Schedule 8.16(a), and except as otherwise provided for herein,
        with
        regard to the Hotel Business, neither Hotel Corporation nor Seller is a party
        to
        any employment agreement, material independent contractor agreement, or similar
        material arrangement or agreement, whether it be reduced to written form
        or an
        oral promise.

      

      8.17   
         Restrictive
        Covenant Agreements.
        Schedule 8.17, attached hereto and incorporated herein by reference, represents
        a list of all restrictive covenant agreements and arrangements held by Seller
        with regard to the Hotel Business. Copies of all such contracts are also
        attached hereto as part of Schedule 8.17.

       

      8.18      Accounts
        Receivable.
        All
        accounts receivable of Seller with regard to the Hotel Business arose from
        valid
        sales transactions in the Ordinary Course of Business and represent valid
        obligations due Seller or Hotel Corporation, as appropriate, and represent
        valid
        obligations due Hotel Corporation or Seller, as appropriate, and are collectible
        in the Ordinary Course of Business in the aggregate recorded amounts thereof
        in
        accordance with their terms.

      

      8.19     
        Insurance
        Policies.
        To the
        best Knowledge of Seller, all insurance policies maintained by Seller as
        of
        Closing on its assets, business, officers, and personnel related to the Hotel
        Assets and the Hotel Business provide adequate and sufficient liability and
        property damage coverage commensurate with the business practices of the
        Hotel
        Business, to the extent any such policies were in effect prior to Closing.
        The
        Hotel Business does not conduct any business which would result in the
        cancellation of, or a material increase in the premiums, for any of its
        insurance policies.

      

      8.20     
        Environmental
        Matters.
        To the
        best Knowledge of Seller, with regard to matters of environmental
        compliance:

      

      (a)   Seller
        has conducted and is conducting all aspects of its business, and has used
        and is
        using its properties, whether currently owned, operated or leased or owned,
        operated or leased by Seller at any time in the past; and at the time of
        acquisition of any security interest, all properties in which Seller has
        a
        security interest had always been used, in compliance with all applicable
        federal, and state and local environmental laws and regulations, except where
        the failure to comply with such laws and regulations, in the aggregate, has
        not
        had and could not have a material adverse effect on the condition (financial
        or
        otherwise), business or properties of Seller.

      

      (b)   Neither
        Seller nor any property currently owned, operated or leased or which has
        been
        owned, operated or leased by Seller, , is subject to any existing, pending
        or
        threatened investigation, action or proceeding, including any notice of
        violation, by any governmental authority regarding contamination of any part
        of
        such property or infractions of any law, statute, ordinance or regulation
        or any
        license or permit issued by any government agency pertaining to health,
        industrial hygiene or environmental safety or environmental conditions on,
        under
        or about such property, except where such investigations, actions, proceedings,
        notifications or infractions, in the aggregate, have not had and could not
        have
        a material adverse effect on the condition (financial or otherwise), business
        or
        properties of Seller.

       

       

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

      
 

      (c)   Except
        as
        set forth in Schedule 8.20,
        attached hereto and incorporated herein by reference, there are no underground
        storage tanks or toxic or hazardous wastes, substances, or materials, or
        pollutants or contaminants, including asbestos, presently located on or under
        any property which is currently or has been owned, operated or leased by
        Seller
        ; there were no underground storage tanks or toxic or hazardous wastes,
        substances, or materials, or pollutants or contaminants, including asbestos,
        located on or under any property in which Seller or Seller has or had an
        interest. As used herein, the terms toxic or hazardous wastes, substances
        or
        materials, pollutants and contaminants mean any material which is or becomes
        during the term of this Agreement regulated or controlled as a hazardous
        or
        toxic waste or environmental pollutant under any federal, state or local
        law,
        ordinance, order, decree or regulation currently in effect and applicable
        to
        Seller or any property owned, operated or leased by Seller.

      

      8.21     
        Other
        Arrangements.
        Seller
        (with regard to the Hotel Business) was not and Hotel Corporation is not
        a party
        to any contract, commitment or agreement, nor are any of the Hotel Assets
        subject to, or bound or affected by, any Requirement of Law or any other
        restriction of any kind or character which is not applicable to Hotel
        Corporation or Hotel Business generally, which would, individually or in
        the
        aggregate, cause a Material Adverse Effect on Hotel Corporation. Seller (with
        regard to the Hotel Business) was not and Hotel Corporation is not a party
        or
        subject to any agreement, contract or other obligation which would require
        the
        making of any payment, other than payments contemplated by this Agreement,
        to
        any other person as a result of the consummation of the transactions
        contemplated herein.

      

      8.22     
        Undisclosed
        Liabilities.
        Seller
        (with regard to the Hotel Business) did not and Hotel Corporation does not
        have
        any liability (whether known or unknown, whether asserted or unasserted,
        whether
        absolute or contingent, whether accrued or unaccrued, whether liquidated
        or
        unliquidated, and whether due or to become due), including any liability
        for
        Taxes, except for liabilities shown on Schedule 8.22, attached hereto and
        incorporated herein by reference, which excludes all accrued vacation liability,
        if any (none of which results from, arises out of, relates to, is in the
        nature
        of, or was caused by any breach of contract, breach of warranty, tort,
        infringement, or violation of law).

      

      8.23     
        Material
        Defaults.
        Seller
        (with regard to the Hotel Business) was not and Hotel Corporation is not
        in
        material default, or alleged to be in default, under any material: agreement,
        contract, lease, mortgage, commitment, instrument or obligation, and no other
        party to any agreement, contract, lease, mortgage, commitment, instrument
        or
        obligation to which Hotel Corporation is or Seller was a party is in default
        thereunder, which default would materially and adversely affect the Hotel
        Assets
        or the Hotel Business.

       

      8.24     
        Tax
        Matters.

      

      (a)   Hotel
        Corporation and Seller have each filed all Tax Returns (federal, state and
        local) required to be filed by it, and
        all
        such Tax Returns filed are complete and accurate in all material
        respects.

      

      (b)   Hotel
        Corporation and Seller have each paid
        all
        Taxes shown to be due and payable on the returns or any assessments or penalties
        received by it and all other Taxes (federal, state and local) due and payable
        by
        it.

      

      (c)   Hotel
        Corporation and Seller have
        each
        collected and withheld all Taxes which it has been required to collect or
        withhold and has timely submitted all such collected and withheld amounts
        to the
        appropriate authorities.

       

       

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

      
 

      (d)   Hotel
        Corporation and Seller are each in compliance with the back-up withholding
        and
        information reporting requirements under the Code and any state, local, or
        foreign laws, and the rules and regulations thereunder. 

      

      (e)   No
        examination or audit of any Tax returns of Hotel Corporation or Seller by
        any
        governmental entity is currently in progress or, to the Knowledge of Seller,
        threatened or contemplated. Neither Seller nor Hotel Corporation has waived
        any
        statute of limitations with respect to Taxes or agreed to an extension of
        time
        with respect to a Tax assessment or deficiency.

      

      8.25     
        Title
        to Assets.
        Seller
        (with regard to the Hotel Assets) had and Hotel Corporation has good and
        marketable title to the Hotel Assets, free and clear of all liens, mortgages,
        conditional sale and other title retention agreements, pledges, assessments,
        tax
        liens, and other encumbrances of any nature, except as expressly disclosed
        on
        Schedule 8.25, attached hereto and incorporated herein by reference.

      

      8.26     
        Condition
        of Assets.
        Subject
        to the reasonable wear and tear and the fair condition of the video tapes
        used
        in connection with the Hotel Business, Seller has no Knowledge of any fact
        which
        would constitute a Material Adverse Effect on the Hotel Assets. Seller further
        confirms that the Hotel Assets constitute all of the assets used in the conduct
        of the Hotel Business with the exception of the Excluded Assets, and are
        sufficient for the proper operation of the Ordinary Course of
        Business.

      

      8.27     
        Intellectual
        Property Assets.
        The
        Intellectual Property Assets are all those necessary for the operation of
        the
        business of Hotel Corporation as it is currently conducted, and are listed
        on
        Schedule 8.27, attached hereto and incorporated herein by reference. Hotel
        Corporation is the owner of all right, title, and interest in and to each
        of the
        Intellectual Property Assets, free and clear of all liens, security interests,
        charges, encumbrances, equities, and other adverse claims, and has the right
        to
        use without payment to a third party all of the Intellectual Property Assets.
        No
        employee or former employee of Seller has entered into any contract that
        restricts or limits in any way the scope or type of work in which the employee
        may be engaged or requires the employee to transfer, assign, or disclose
        information concerning his work to anyone other than Hotel Corporation. With
        regard to different aspects of the Intellectual Property Assets: 

       

      8.27.1.
          Patents.

      

      (i)   All
        of
        the issued Patents are currently in material compliance with formal legal
        requirements (including payment of filing, examination, and maintenance fees
        and
        proofs of working or use), are valid and enforceable, and are not subject
        to any
        maintenance fees or Taxes or actions falling due within ninety (90) days
        after
        the Closing Date.

      

      (ii)   No
        Patent
        has been or is now involved in any interference, reissue, reexamination,
        or
        opposition proceeding. To Seller’s Knowledge, there is no potentially
        interfering patent or patent application of any third party.

      

      (iii)   To
        Seller’s Knowledge, no Patent is infringed and has not been challenged or
        threatened in any way. None of the products manufactured and sold, nor any
        process or know-how used, by Hotel Corporation infringes or is alleged to
        infringe any patent or other proprietary right of any other Person.

       

       

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

      
 

      (iv)   All
        products made, used, or sold under the Patents have been marked with the
        proper
        patent notice.

      

      8.27.2. 
          Trademarks.

      

      (i)    All
        Marks
        that have been registered with the United States Patent and Trademark Office
        are
        currently in material compliance with all formal legal requirements (including
        the timely post-registration filing of affidavits of use and incontestability
        and renewal applications), are valid and enforceable, and are not subject
        to any
        maintenance fees or Taxes or actions falling due within ninety days after
        the
        Closing Date.

      

      (ii)   No
        Mark
        has been or is now involved in any opposition, invalidation, or cancellation
        and, to Seller’s Knowledge, no such action is threatened with the respect to any
        of the Marks.

      

      (iii)   To
        Seller’s Knowledge, there is no potentially interfering trademark or trademark
        application of any third party.

      

      (iv)   To
        Seller’s Knowledge, no Mark is infringed and has not been challenged or
        threatened in any way. None of the Marks used by Hotel Corporation infringes
        or
        is alleged to infringe any trade name, trademark, or service mark of any
        third
        party.

      

      (v)   All
        products and materials containing a Mark bear the proper federal registration
        notice where permitted by law.

      

      8.27.3.     
         Copyrights.

      

      (i)   All
        the
        Copyrights have been registered and are currently in compliance with formal
        legal requirements, are valid and enforceable, and are not subject to any
        maintenance fees or Taxes or actions falling due within ninety (90) days
        after
        the date of Closing.

       

      (ii)    To
        Seller’s Knowledge, no Copyright is infringed and has not been challenged or
        threatened in any way. None of the subject matter of any of the Copyrights
        infringes or is alleged to infringe any copyright of any third party or is
        a
        derivative work based on the work of a third party.

      

      (iii)   All
        works
        encompassed by the Copyrights have been marked with the proper copyright
        notice.

      

      8.27.4.     
         Trade
        Secrets.

      

      (i)    With
        respect to each Trade Secret, the documentation relating to such Trade Secret
        is
        current, accurate, and sufficient in detail and content to identify and explain
        it and to allow its full and proper use without reliance on the Knowledge
        or
        memory of any individual.

       

       

      
        
           

        

        
          18

          
            

          

        

        
           

        

      

      
 

      (ii)    Hotel
        Corporation has taken all reasonable precautions to protect the secrecy,
        confidentiality, and value of the Trade Secrets.

       

      (iii)   Hotel
        Corporation has good title and an absolute (but not necessarily exclusive)
        right
        to use the Trade Secrets. The Trade Secrets are not part of the public knowledge
        or literature, and, to Seller’s Knowledge, have not been used, divulged, or
        appropriated either for the benefit of any Person or to the detriment of
        Hotel
        Corporation. No Trade Secret is subject to any adverse claim or has been
        challenged or threatened in any way.

      

      8.28     
        Financial
        Condition.
        Seller
        has provided to OXMI audited financial statements of Seller for calendar
        years
        ended 2004 and 2005 (collectively, the “Seller Financial Statements”). Except as
        otherwise disclosed on Schedule 8.28, attached
        hereto and incorporated herein by reference, the
        Seller
        Financial Statements have been prepared in accordance with GAAP, or generally
        in
        accordance with GAAP as appropriate, applied on a consistent basis throughout
        the periods covered thereby, fairly present the financial condition, results
        of
        operations and cash flows of Seller as of the respective dates thereof and
        for
        the periods referred to therein and are consistent with the books and records
        of
        Seller. 

      

      8.29     
        No
        Material Adverse Change.
        Since
        31 March 2006, there has been no Material Adverse Change in the business,
        financial condition, results of operations, assets, or liabilities of Seller
        with respect to the Hotel Business.

      

      8.30     
        Product
        Warranty.
        No
        product manufactured, sold, leased, licensed or delivered by Seller with
        regard
        to the Hotel Business is subject to any guaranty, warranty, right of return
        or
        other indemnity beyond the documented terms and conditions of sale, license
        or
        lease (or any applicable warranty obligations imposed by law). Schedule 8.31,
        attached hereto and incorporated herein by reference, sets forth the aggregate
        expenses incurred by Seller and Hotel Corporation in fulfilling their
        obligations under their guaranty, warranty, right of return, swap out and
        indemnity provisions during each of the fiscal years and interim periods,
        as
        appropriate, covered by the Seller Financial Statements. Seller is not aware
        of
        any reason why such expenses should significantly increase as a percentage
        of
        sales in the future.

      

      8.31     
        Other
        Matters.
        Neither
        Hotel Corporation nor Seller has taken or agreed to take any action, and
        has no
        Knowledge of any fact or circumstances that would materially impede or delay
        the
        consummation of the transactions contemplated under this Agreement.

       

      8.32     
        Advice
        of Changes.
        Between
        the Execution Date hereof and the Closing Date, Seller shall promptly advise
        OXMI Corporation in writing of any fact which, if existing or known at the
        Execution Date, would have been required to be set forth or disclosed in
        or
        pursuant to this Agreement or of any fact which, if existing or known at
        the
        Execution Date, would have made any of the representations contained herein
        untrue.

      

      8.33     
        Investment
        Representation.
        Seller
        acknowledges that, upon issuance, the Issued Shares will not have been
“registered” and will therefore be “restricted” securities, as these terms are
        used and defined under the Securities Act and the rules and regulations
        promulgated thereunder. By execution of this Agreement, Seller agrees,
        represents, and warrants that (i) its acquisition of the Issued Shares is
        for
        investment only, for its own account, and not with a view to “distribution” as
        that term is used under the Securities Act; (ii) it is an Accredited Investor;
        and, (iii) it has reviewed OXMI’s SEC Filings. Seller agrees that it shall not
        at any time make any sale, pledge, hypothecation, gift, or other transfer
        of the
        Issued Shares except pursuant to an effective registration statement under
        the
        Securities Act or pursuant to the provisions of Rule 144 under the Securities
        Act or another exemption from the registration requirements of the Securities
        Act, and in accordance with any applicable “blue sky” or other securities laws.
        Seller agrees that it has been informed that the Issued Shares must be held
        indefinitely unless they are subsequently registered under the Securities
        Act or
        an exemption from such registration is available and it understands that
        any
        sale of the Issued Shares made in reliance upon Rule 144, or any other like
        rule, can be made only in limited amounts in accordance with the terms and
        conditions of those rules and, if those rules are not applicable, any resale
        may
        require compliance with another available exemption under the Securities
        Act or,
        in the alternative, may require registration of such shares. Seller acknowledges
        that, except as set forth in the Registration Rights Agreement discussed
        in
        Section 15.3, below, OXMI has made no representation or covenant that it
        shall
        conduct its affairs so as to permit sales under Rule 144 and except as otherwise
        provided for herein, OXMI is under no obligation to register or repurchase
        the
        Issued Shares. Seller further acknowledges that OXMI shall cause a legend
        to be
        placed on the certificates representing the Issued Shares to reflect the
        foregoing.

       

       

      
        
           

        

        
          19

          
            

          

        

        
           

        

      

      
 

      IX

      

      REPRESENTATIONS
        AND WARRANTIES BY OXMI 

      

      Except
        as
        expressly set forth to the contrary in Schedules attached to this Agreement,
        corresponding to the lettered and numbered Sections contained in this Article
        IX, OXMI hereby represents and warrants to Seller as follows, as of the
        Execution Date and as of the Closing Date, as supplemented and updated pursuant
        to this Agreement:

      

      9.1     
        Organization
        and Qualification.
        OXMI is
        a corporation duly organized, validly existing, and in good standing under
        the
        laws of the State of Nevada. OXMI is duly authorized to conduct business
        and is
        in good standing under the laws of each jurisdiction where such qualification
        is
        required. 

      

      9.2     
        Authorization.
        

       

      9.2.1.   Operation
        of Business.
        OXMI
        has the requisite corporate power and authority and all requisite licenses,
        permits and franchises necessary to own and operate its properties and to
        carry
        on its business as now being conducted.

      

      9.2.2  
         Execution
        of Agreement.
        OXMI
        has the requisite corporate power and authority and
        has
        obtained all approvals and consents necessary to enter
        into and carry out the terms and conditions of this Agreement, as well as
        all
        transactions contemplated hereunder. All corporate proceedings have been
        taken
        and all corporate authorizations have been secured which are necessary to
        authorize the execution, delivery and performance by OXMI of this Agreement.
        This Agreement has been duly and validly executed and delivered by OXMI and
        constitutes the valid and binding obligations of OXMI, enforceable in accordance
        with the respective terms.

       

       

      
        
           

        

        
          20

          
            

          

        

        
           

        

      

      
 

      9.3     
         Effect
        of Agreement.
        As of
        the Closing, the consummation by OXMI of the transactions herein contemplated,
        including the execution, delivery and consummation of this Agreement, will
        comply with all applicable law and will not:

      

      (a)   Violate
        any Requirement
        of Law applicable to or binding upon OXMI or the OXMI Common Stock to be
        issued
        hereunder;

      

      (b)   Violate
        (i)
        the
        terms of the Certificate of Incorporation or Bylaws of OXMI; or, (ii) any
        material agreement, contract, mortgage, indenture, bond, bill, note, or other
        material instrument or writing binding upon OXMI or to which OXMI is subject;
        

      

      (c)   Accelerate
        or constitute an event entitling the holder of any indebtedness of OXMI to
        accelerate the maturity of such indebtedness or to increase the rate of interest
        presently in effect with respect to such indebtedness; or

      

      (d)   Result
        in
        the breach of, constitute a default under, constitute an event which with
        notice
        or lapse of time, or both, would become a default under, or result in the
        creation of any lien, security interest, charge or encumbrance upon any part
        of
        the assets of OXMI or
        any
        other assets of OXMI under any agreement, commitment, contract (written or
        oral)
        or other instrument to which OXMI is a party, or by which any of its assets
        (or
        any part thereof) is bound or affected.

      

      9.4 
             Consents.
        No
        consents, approvals or other authorizations or notices, other than those
        which
        have been obtained and are in full force and effect, are required by any
        state
        or federal regulatory authority or other Person or entity in connection with
        the
        execution and delivery of this Agreement and the performance of any obligations
        contemplated hereunder.

      

      9.5    Legal
        Proceedings.
        Other
        than as otherwise provided for herein or reflected Schedule 9.5, attached
        hereto
        and incorporated herein by reference, there
        is
        no
        claim, legal action, suit, arbitration, investigation or hearing, notice
        of
        claims or other legal, administrative or governmental proceedings pending
        or to
        the best knowledge of OXMI, threatened against OXMI (or in which OXMI is
        plaintiff or otherwise a party thereto), and, to the best knowledge of OXMI,
        there are no facts existing which might result in any such claim, action,
        suit,
        arbitration, investigation, hearing, notice of claim or other legal,
        administrative or governmental proceeding. OXMI has not waived any statute
        of
        limitations or other affirmative defense with respect to any of its liabilities.
        There is no continuing order, injunction, or decree of any court, arbitrator,
        or
        governmental or administrative authority to which OXMI is a party or to which
        it
        or any of its assets are subject. OXMI has not been permanently or temporarily
        enjoined or barred by order, judgment or decree of any court or other tribunal
        or any agency or regulatory body from engaging in or continuing any conduct
        or
        practice.

       

      9.6      
        Regulatory
        Compliance.
        To the
        best Knowledge of OXMI, it has not violated any Requirement of Law, the
        violation of which would be reasonably likely to have a Material Adverse
        Effect.
        Further, OXMI and each Subsidiary have met the minimum funding requirements
        of
        ERISA with respect to any employee benefit plans subject to ERISA, and no
        event
        has occurred resulting from OXMI’s failure to comply with ERISA that could
        result in OXMI’s incurring any material liability. OXMI is not an “investment
        company” or a company “controlled” by an “investment company” within the meaning
        of the Investment Seller Act of 1940. 

      
        

        

        
          
            
               

            

            
              21

              
                

              

            

            
               

            

          

        

         

         

      

      9.7      
        Capitalization.
        OXMI is
        authorized to issue one hundred million (100,000,000)
        shares of OXMI Common Stock, and one million (1,000,000) shares of preferred
        stock. There are eighteen million one hundred eighty one thousand eight hundred
        seven (18,181,807) shares of OXMI Common Stock issued and outstanding as
        of the
        Closing and prior to the consummation of the transactions envisioned hereunder;
        and, there are four thousand (4,000) shares of preferred stock issued and
        outstanding. Immediately after Closing, there will be twenty-one million
        eight
        hundred forty one eight hundred seven (21,841,807) shares of OXMI Common
        Stock
        issued and outstanding, and four thousand (4,000) shares of preferred stock
        issued and outstanding. All of the issued and outstanding stock of OXMI has
        been
        duly authorized and is validly issued, fully paid, and nonassessable. Other
        than
        as otherwise provided for herein or as reflected on Schedule 9.7, attached
        hereto and incorporated herein by reference, there are no outstanding or
        authorized options, warrants, purchase rights, subscription rights, conversion
        rights, exchange rights, or other contracts or commitments that could require
        OXMI to issue, sell, or otherwise cause to become outstanding any of its
        capital
        stock. 

      

      9.8      
        OXMI
        Common Stock to be Issued.
        The OXMI
        Common Stock to be issued pursuant to the provisions of this Agreement will,
        upon such transfer, be duly authorized, legally and validly issued, fully
        paid
        and nonassessable, and free
        and
        clear of all liens, mortgages, pledges, and other encumbrances of any nature,
        unless expressly provided herein to the contrary.

      

      9.9      
        Undisclosed
        Liabilities.
        OXMI
        does not have any liability (whether known or unknown, whether asserted or
        unasserted, whether absolute or contingent, whether accrued or unaccrued,
        whether liquidated or unliquidated, and whether due or to become due), including
        any liability for Taxes, except for (i) liabilities set forth in the SEC
        Filings
        of OXMI; and, (ii) liabilities which have arisen after 31 March 2006 in the
        Ordinary Course of Business (none of which results from, arises out of, relates
        to, is in the nature of, or was caused by any breach of contract, breach
        of
        warranty, tort, infringement, or violation of law).

      

      9.10  
         Material
        Defaults.
        OXMI is
        not in material default, or alleged to be in default, under any material
        agreement, contract, lease, mortgage, commitment, instrument or obligation,
        and
        no other party to any agreement, contract, lease, mortgage, commitment,
        instrument or obligation to which OXMI is a party is in default thereunder,
        which default would materially and adversely affect the properties, assets,
        business or prospects of OXMI.

      

      9.11    
         Tax
        Matters.
        

       

      (a)   OXMI
        has
        filed all Tax Returns (federal, state and local) required to be filed by
        it, or
        is preparing to do so, and all
        such
        Tax Returns filed are complete and accurate in all material respects. Any
        such
        Tax Returns not yet filed will not have a Material Adverse Effect. 

      

      (b)   OXMI
        has
paid
        all
        Taxes shown to be due and payable on the returns or any assessments or penalties
        received by it and all other Taxes (federal, state and local) due and payable
        by
        it.

      

      (c)   OXMI
        has
        collected and withheld all Taxes which it has been required to collect or
        withhold and has timely submitted all such collected and withheld amounts
        to the
        appropriate authorities.

      

      (d)   OXMI
        is
        in compliance with the back-up withholding and information reporting
        requirements under the Code and any state, local, or foreign laws, and the
        rules
        and regulations thereunder. 

      
        

        

        
          
            
               

            

            
              22

              
                

              

            

            
               

            

          

        

        
 

      

      (e)   No
        examination or audit of any Tax returns of OXMI by any governmental entity
        is
        currently in progress or, to the Knowledge of OXMI, threatened or contemplated.
        OXMI has not waived any statute of limitations with respect to Taxes or agreed
        to an extension of time with respect to a Tax assessment or
        deficiency.

      

      9.12   
         Financial
        Condition.
        The
        financial statements of OXMI as reflected in the most recently filed OXMI’s SEC
        Filings requiring to contain financial statements (collectively, the “OXMI
        Financial Statements”) present fairly the financial position, results of
        operations, and cash flows of OXMI at the dates and for the fiscal periods
        then
        ended, in accordance with GAAP or generally in accordance with GAAP, as
        appropriate. There has been no Material Adverse Change in the OXMI Financial
        Statements. 

      

      9.13   
         Disclosure.
        The
        representations and warranties of OXMI contained in this Agreement and in
        the
        SEC Filings of OXMI and in any agreement, certificate, affidavit, statutory
        declaration or other document delivered or given pursuant to this Agreement
        are
        true and correct and do not contain any untrue statement of a material fact
        or
        omit to state a material fact necessary to make the statements contained
        in such
        representations and warranties not misleading. 

      

      9.14   
         Advice
        of Changes.
        Between
        the Execution Date hereof and the Closing Date, OXMI shall promptly advise
        Seller in writing of any fact which, if existing or known at the Execution
        Date,
        would have been required to be set forth or disclosed in or pursuant to this
        Agreement or of any fact which, if existing or known at the Execution Date,
        would have made any of the representations contained herein untrue.

      

      9.15   
         Securities
        Representations.
        With
        regard to its acquisition of the Stock hereunder, OXMI hereby represents
        as
        follows:

      

      (a) 
          OXMI
        has
        sufficient knowledge and experience in business and financial matters that
        it is
        capable of evaluating the risks and merits of acquiring the Stock.

       

      (b)   The
        Stock
        is being acquired by the OXMI for its own account, for investment purposes
        only,
        and with no present intention of distributing, selling or otherwise disposing
        of
        the Stock. OXMI understands that the Stock has not been registered under
        the
        Securities Act of 1933 or any state securities laws, and OXMI cannot sell
        or
        transfer the Stock unless they have been registered under the Securities
        Act or
        applicable state securities laws or subject to an exemption from such
        registration requirements.

      

      (c)   OXMI
        is
        an Accredited Investor.

      

      

      9.16   
         Permits
        and Licenses.
        OXMI
        has all licenses and permits (federal, state, and local) required by
        governmental authorities to own, operate, and carry on its business as now
        being
        conducted, and such licenses and permits are in full force and effect. No
        violations are or have been recorded in respect to the licenses or permits,
        included but not limited to fire and health and safety law violations, and
        no
        proceeding is pending or threatened looking toward the revocation or limitation
        of any of them. 

      
         

        

        
          
            
               

            

            
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      9.17   
         No
        Material Adverse Change.
        Other
        than as reported in the SEC Filings of Oxford, since 31 March 2006, there
        has
        been no Material Adverse Change in the business, financial condition, results
        of
        operations, assets, or liabilities of Seller with respect to the Hotel
        Business.

      

      9.18   
         Other
        Matters.
        OXMI
        has not taken or agreed to take any action, and has no Knowledge of any fact
        or
        circumstances that would materially impede or delay the consummation of the
        transactions contemplated under this Agreement.

      

      X

      

      CONDUCT
        OF BUSINESSES PRIOR TO CLOSING

      

      10.1   
         Respective
        Businesses.
        Each of
        the Parties hereby covenants and agrees that, prior to the Closing, unless
        the
        prior written consent of the other Parties shall have been obtained, which
        consent shall not be unreasonably withheld, and except as otherwise contemplated
        in this Agreement, each of the Parties shall operate its respective business,
        and the business of each of their respective Subsidiaries, only in the usual,
        regular, and Ordinary Course of Business and in accordance with its prior
        practices, and shall use its reasonable best efforts to preserve intact its
        business organizations and assets and maintain its rights, franchises, and
        business and customer relations necessary to run its business as currently
        run.

      

      10.2   
         Forbearances.
        From
        the
        Execution Date until the Closing, each of the Parties covenants and agrees
        to
        ensure that neither OXMI nor Seller (with regard to Hotel Corporation and
        the
        Hotel Business), other than as contemplated in this Agreement or as otherwise
        disclosed in writing to the other Party or subject to public disclosure,
        do any
        of the following without the prior written consent of the other Party, which
        consent shall not be unreasonably withheld:

      

      (a)   declare,
        set aside, make or pay any dividend or other distribution in respect of its
        capital stock or otherwise purchase or redeem, directly or indirectly, any
        shares of its capital stock;

       

      (b)   issue,
        sell or deliver or enter into any agreement to issue, sell or deliver any
        shares
        of its capital stock or any options, warrants, or other rights, agreements,
        commitments, arrangements or understandings of any kind, contingent or
        otherwise, to purchase, sell or deliver any such shares, or any securities
        convertible into or exchangeable for any such shares, or effect any stock
        split,
        or otherwise change, combine or reclassify its authorized
        capitalization;

      

      (c)   incur
        any
        indebtedness or issue or sell any debt securities or prepay any
        debt;

      

      (d)   mortgage,
        pledge or otherwise subject to any material lien or lease, any of its properties
        or assets, tangible or intangible or permit or suffer any such property or
        asset
        to be subjected to any material lien or lease; or license or dispose of any
        material assets, except in the Ordinary Course of Business consistent with
        its
        prior practice;

      

      (e)   forgive
        or cancel any debts or claims, or waive any rights, except for fair
        value;

      
        

        

        
          
            
               

            

            
              24

              
                

              

            

            
               

            

          

        

        
 

      

      (f)    modify
        or
        extend the current term of any material agreement, or waive any material
        rights
        thereunder;

      

      (g)   pay
        any
        bonus to any employee or agent or contractor, or grant to any employee or
        agent
        or contractor any increase in compensation except in the Ordinary Course
        of
        Business consistent with its prior practice, or enter into any employment,
        severance, termination or similar agreement with any employee or agent or
        contractor;

      

      (h)   amend
        its
        Certificate of Incorporation or Bylaws or any other organizational
        documents;

      

      (i)    make
        any
        material changes in policies or practices relating to business practices
        or
        other terms accounting therefore or in policies of employment;

      

      (j)    enter
        into any type of business not conducted by it as of the Execution Date or
        create
        or organize any subsidiary or enter into or participate in any joint venture
        or
        partnership;

      

      (k)  
           except
        as
        otherwise expressly contemplated by this Agreement, enter into any agreement
        or
        transactions with any Affiliates or make any amendment or modification to
        any
        such agreement; 

      

      (l)    make
        or
        change any election in respect of Taxes or settle any claim related to Taxes;
        or

      

      (m) 
          enter
        into any contract, commitment or arrangement to do any of the
        foregoing.

       

      10.3   
         Full
        Access.
        Subject
        to the limitations otherwise provided for herein, each Party will permit
        representatives of the other to have full access to all premises, properties,
        personnel, books, records (including tax records), contracts, and documents
        of
        or pertaining to each Party. Each Party will treat and hold as such any
        Confidential Information it receives from the other in the course of the
        reviews
        contemplated by this Section 10.3, will not use any of the Confidential
        Information except in connection with this Agreement, and, if this Agreement
        is
        terminated for any reason whatsoever, agrees to return to the other Party
        all
        tangible embodiments (and all copies) thereof which are in its
        possession.

      

      10.4     Exclusivity.
        Seller
        hereby covenants
        and agrees to ensure that neither Seller nor any of its Subsidiaries
solicit,
        initiate, or encourage the submission of any proposal or offer from any Person
        relating to all or any of the capital stock or assets of Seller (including
        any
        acquisition structured as a merger, consolidation, or share exchange). Seller
        shall notify OXMI immediately if any Person makes any proposal, offer, inquiry,
        or contact with respect to any of the foregoing.

      

      10.5     SEC
        Acquisition Filings.
        

       

       

      
        
           

        

        
          25

          
            

          

        

        
           

        

      

      
 

      10.5.1. OXMI
        Obligation to File.
        As
        promptly as practicable after the execution of this Agreement, OXMI will
        prepare
        and file with the SEC any and all additional SEC Filings which are reasonably
        required as a result of the transactions envisioned hereunder (together with
        any
        amendments thereof or supplements thereto, collectively referred to herein
        as
        the “SEC Acquisition Filings”). OXMI will use its reasonable best efforts to
        cause the SEC Acquisition Filings to become effective as promptly as
        practicable, and, will take all or any action required under any applicable
        federal or state securities laws in connection with the acquisition envisioned
        hereunder. Each of OXMI and Seller will furnish all information concerning
        it
        and the holders of its capital stock as the other may reasonably request
        in
        connection with such actions and the preparation of the SEC Acquisition Filings.
        None of the SEC Acquisition Filings will be filed with the SEC by, and no
        amendment or supplement to the SEC Acquisition Filings will be made by, OXMI
        without the approval of Seller, (which approval will not be unreasonably
        withheld or delayed). OXMI will advise Seller, promptly after it receives
        notice
        thereof, of the time when the SEC Acquisition Filings become effective or
        any
        supplement or amendment has been filed, and of all other communications from
        the
        SEC in regard to the SEC Acquisition Filings. 

      

      10.5.2. Accuracy
        of Information.
        OXMI
        shall ensure that the information included in the SEC Acquisition Filings
        will
        not, at (i) the time the SEC Acquisition Filings are declared effective;
        and,
        (ii) the Closing Date, contain any untrue statement of a material fact or
        omit
        to state any material fact required to be stated therein or necessary in
        order
        to make the statements therein not misleading. If at any time prior to the
        Closing Date any event or circumstance relating to OXMI or any of its officers
        or directors should be discovered by OXMI which should be set forth in an
        amendment or a supplement to the SEC Acquisition Filings, OXMI will promptly
        inform Seller. The SEC Acquisition Filings will comply as to form and substance
        in all material respects with the applicable requirements of the Securities
        Act
        and the rules and regulations thereunder, and the Exchange Act and the rules
        and
        regulations thereunder.

      

      10.6     Mutual
        Obligations.
         The
        Parties agree as follows with respect to the period from and after the Execution
        Date up to and including the Closing:

       

      10.6.1.
        General.
        Each of
        the Parties will use its best efforts to take all action and to do all things
        necessary in order to consummate and make effective the transactions
        contemplated by this Agreement (including satisfaction, but not waiver, of
        all
        conditions for Closing established herein).

      

      10.6.2.
        Notices
        and Consents.
        Each
        Party will give any notices to third parties, and will use its best efforts
        to
        obtain any third party consents the other reasonably may request in connection
        with the transactions contemplated hereunder.

      

      10.6.3.
        Regulatory
        Matters and Approvals.
        Each of
        the Parties will give any notices to, make any filings with, and use its
        best
        efforts to obtain any authorizations, consents, and approvals of governments
        and
        governmental agencies in connection with the matters referred to herein.
        

      

      10.6.4.
        Notice
        of Developments.
        Until
        the Closing, each Party shall promptly notify the other Party in writing
        of any
        fact, change, condition or circumstance of which it is aware that will or
        is
        reasonably likely to result in any of the conditions set forth in Article
        X
        becoming incapable of being satisfied. Each Party shall have the right prior
        to
        the Closing to supplement and update the Schedules attached to this Agreement
        with respect to any fact, change, condition or circumstance occurring after
        the
        date of this Agreement which would have been required to be set forth on
        or
        described in such Schedules had it occurred prior to the date of this Agreement.
        Any such supplemental disclosure will be deemed to not have been disclosed
        solely for the purposes of determining whether the conditions set forth in
        Article X have been satisfied. 

       

       

      
        
           

        

        
          26

          
            

          

        

        
           

        

      

       

       

      XI

      

      CONDITIONS
        PRECEDENT

      

      11.1     Conditions
        to Obligations of Seller.
        The
        obligation of Seller to consummate the transactions to be performed by it
        in
        connection with the Closing is subject to satisfaction of the following
        conditions, any or all of which Seller may waive if it executes a writing
        so
        stating at or prior to the Closing:

      

      (a)   OXMI
        shall have procured all necessary third party consents; 

      

      (b)   The
        representations and warranties set forth in Article IX shall be true and
        correct
        in all material respects at and as of the Closing Date;

      

      (c)   OXMI
        shall have performed and complied with all of its respective covenants hereunder
        in all material respects through the Closing;

      

      (d)   No
        action, suit, or proceeding shall be pending or threatened before any court
        or
        quasi-judicial or administrative agency of any federal, state, local, or
        foreign
        jurisdiction or before any arbitrator wherein an unfavorable injunction,
        judgment, order, decree, ruling, or charge would (i) prevent consummation
        of any
        of the transactions contemplated by this Agreement; or (ii) cause any of
        the
        transactions contemplated by this Agreement to be rescinded following
        consummation; 

       

      (e)   An
        executive of officer of OXMI shall have delivered to Seller a certificate
        to the
        effect that, to his Knowledge, the conditions in paragraphs (a), (b), and
        (c),
        above, have been satisfied; 

       

      (f)   All
        Settlement Documents have been executed by OXMI, as appropriate; and

      

      (g)   All
        actions to be taken by OXMI in connection with consummation of the transactions
        contemplated hereby and all certificates, opinions, instruments, and other
        documents required to effect the transactions contemplated hereby will be
        reasonably satisfactory in form and substance to Seller.

      

      11.2     Conditions
        to Obligations of OXMI.
        The
        obligation of OXMI to consummate the transactions to be performed by each
        in
        connection with the Closing is subject to satisfaction of the following
        conditions, any or all of which OXMI may waive if it executes a writing so
        stating at or prior to the Closing.

       

      (a)   Seller
        shall have procured all necessary third party consents; 

      

      (b)   The
        representations and warranties set forth in Articles VII and VIII, above,
        shall
        be true and correct in all material respects at and as of the Closing
        Date;

       

      
        

        

        
          
            
               

            

            
              27

              
                

              

            

            
               

            

          

        

         

         

      

      (c)   Seller
        shall have performed and complied with all of its covenants hereunder in
        all
        material respects through the Closing;

      

      (d)   No
        action, suit, or proceeding shall be pending or threatened before any court
        or
        quasi-judicial or administrative agency of any federal, state, local, or
        foreign
        jurisdiction or before any arbitrator wherein an unfavorable injunction,
        judgment, order, decree, ruling, or charge would (i) prevent consummation
        of any
        of the transactions contemplated by this Agreement; (ii) cause any of the
        transactions contemplated by this Agreement to be rescinded following
        consummation; or, (iii) affect adversely the right of OXMI to own Hotel
        Corporation, the Hotel Business, and otherwise operate the Hotel Business
        (and
        no such injunction, judgment, order, decree, ruling, or charge shall be in
        effect);

      

      (e)   An
        executive officer of Seller shall have delivered to OXMI a certificate to
        the
        effect that, to his Knowledge, the conditions in paragraphs (a), (b), and
        (c),
        above, have been satisfied; 

      

      (f)   All
        Settlement Documents have been executed by Seller, as appropriate; and

      

      (g)   All
        actions to be taken by Seller in connection with consummation of the
        transactions contemplated hereby and all certificates, opinions, instruments,
        and other documents required to effect the transactions contemplated hereby
        will
        be reasonably satisfactory in form and substance to OXMI.

       

      XII

      

      TERMINATION

      

      12.1   
         Termination
        of Agreement.
        Any of
        the Parties may terminate this Agreement with the prior authorization of
        its
        board of directors as provided below:

      

      (a)   Seller
        may terminate this Agreement by giving written notice to OXMI at any time
        prior
        to the Closing Date (i) in the event OXMI has breached any material
        representation, warranty, or covenant contained in this Agreement in any
        material respect, and Seller has notified OXMI of the breach, and the breach
        has
        continued without cure for a period of ten (10) days after the notice of
        breach;
        or (ii) if the Closing shall not
        have
        occurred on or before the 19th
        day of
        July, 2006, through no fault of Seller.

      

      (b)   OXMI
        may
        terminate this Agreement by giving written notice to Seller at any time prior
        to
        the Closing Date (i) in the event Seller has breached any material
        representation, warranty, or covenant contained in this Agreement in any
        material respect, and OXMI has notified Seller of the breach, and the breach
        has
        continued without cure for a period of ten (10) days after the notice of
        breach;
        or, (ii) if the Closing shall not have occurred on or before the 19th
        day of
        July, 2006, through no fault of OXMI.

      
        

        

        
          
            
               

            

            
              28

              
                

              

            

            
               

            

          

        

        

      

      12.2   
         Effect
        of Termination.
        If any
        Party terminates this Agreement pursuant to this Article XII, all rights
        and
        obligations of the Parties hereunder shall terminate without any liability
        of
        any Party to any other Party, except for any liability of any Party then
        in
        breach, and except for the applicable provisions of the (i) Memorandum Agreement
        dated 02 June 2006 (specifically including but not limited to Section 10,
        which
        provides as follows: “Oxford’s obligation
        to consummate the Transaction is subject only to: (a) Oxford's inability
        to
        secure a financial commitment for the Transaction on or before May 31, 2006
        [which
        condition OXMI has agreed and hereby confirms has been satisfied and expressly
        waived by OXMI];
        (b)
        Oxford's satisfaction, in its sole discretion, with the results of its due
        diligence review of SVI and the Hotel Business, which due diligence shall
        be
        completed no later than June 16, 2006 [which condition OXMI has agreed and
        hereby confirms has been satisfied and expressly waived by OXMI]; (c) Oxfords'
        inability to secure its board of directors approval, on or before June 16,
        2006
        to consummate the Transaction; (d) no material adverse change (considered
        as a
        whole) having occurred in the Hotel Business up to or at the Closing; (e)
        no
        material and uncured breach of the purchase agreement by SVI; (f) if necessary,
        an inability to assign or renegotiate any material content agreement or any
        other material agreement of the Hotel Business which would have a material
        adverse affect on the Hotel Business (considered as a whole); (g) the Selected
        Employees failure to enter into the requisite Employment Agreements [which
        condition OXMI has agreed and hereby confirms has been satisfied and expressly
        waived by OXMI] and (h) a failure by SVI to enter into mutually acceptable
        service agreement, as further discussed below in Section 11. If Oxford fails
        to
        notify SVI of any occurrence listed in this Section 10(a) on or before May
        31,
        2006, or Section 10 (b) or (c) on or before June 16, 2006, and Oxford fails
        to
        close the Transaction, except for the reasons set forth in Sections 10(d),
        (e),
        (f), (g) [which condition OXMI has agreed and hereby confirms has been satisfied
        and expressly waived by OXMI], or (h), Oxford shall promptly pay to SVI a
        cash
        payment of Six Hundred Fifty Thousand and No/100 Dollars ($650,000.00)”; and,
        (ii) the
        Amendment to Memorandum Agreement dated 22 June 2006, executed by the Parties
        (collectively, the “Memo Agreements”). The confidentiality provisions contained
        herein shall survive any such termination.

      
 

      XIII

      

      REGULATORY
        FILINGS

      

      13.1  Required
        Filings.
        The
        Parties shall coordinate and cooperate with one another and shall each use
        all
        reasonable efforts to comply with, and shall each refrain from taking any
        action
        that would impede compliance with any and all applicable federal, state,
        local,
        municipal, foreign or other law, statute, constitution, principle of common
        law,
        resolution, ordinance, code, order, edict, decree, rule, regulation, ruling
        or
        requirement issued, enacted, adopted, promulgated, implemented or otherwise
        put
        into effect by or under the authority of any governmental entity. As promptly
        as
        practicable after the date hereof, the Parties shall make all filings, notices,
        petitions, statements, registrations, submissions of information, application
        or
        submission of other documents required by any governmental entity in connection
        with the Merger and the transactions contemplated hereby. 

      
        

        

        
          
            
               

            

            
              29

              
                

              

            

            
               

            

          

        

        

      

      13.2  Exchange
        Of Information.
        Each of
        the Parties shall promptly supply the other with any information which may
        be
        required in order to effectuate any filings or application pursuant to Section
        13.1, above. Except where prohibited by applicable legal requirements, each
        of
        the Parties shall consult with the other prior to taking a position with
        respect
        to any such filing, shall permit the other to review and discuss in advance,
        and
        consider in good faith the views of the other in connection with any analyses,
        appearances, presentations, memoranda, briefs, white papers, arguments, opinions
        and proposals before making or submitting any of the foregoing to any
        governmental entity by or on behalf of any Party hereto in connection with
        any
        investigations or proceedings in connection with this Agreement or the
        transactions contemplated hereby, coordinate with the other in preparing
        and
        exchanging such information and promptly provide the other (and its counsel)
        with copies of all filings, presentations or submissions (and a summary of
        any
        oral presentations) made by such Party with any governmental entity in
        connection with this Agreement or the transactions contemplated hereby. However,
        with respect to any such filing, presentation or submission, each of the
        Parties
        need not supply the other (or its counsel) with copies (or in case of oral
        presentations, a summary) to the extent that any law, treaty, rule or regulation
        of any governmental entity applicable to such Party requires such Party to
        restrict or prohibit access to any such properties or information.

      

      13.3  Notification.
        Each of
        the Parties will notify the other promptly upon the receipt of: (i) any comments
        from any officials of any governmental entity in connection with any filings
        made pursuant hereto and (ii) any request by any officials of any governmental
        entity for amendments or supplements to any filings made pursuant to, or
        information provided to comply in all material respects with, any applicable
        legal requirements. Whenever any event occurs that is required to be set
        forth
        in an amendment or supplement to any filing made pursuant to Section 13.1,
        above, the responsible Party will promptly inform the other of such occurrence
        and cooperate in filing with the applicable governmental entity such amendment
        or supplement.

      

      XIV

      

      CLOSING
        DATE AND EFFECTIVE DATE

      

      14.1  Closing
        Date.
        The
        closing of the transactions contemplated under this Agreement (the “Closing”)
        and the transfer of the Stock by Seller to OXMI shall have taken place on
        the
        14th
        day of
        July, 2006, at such place as the Parties may agree, or at such other time
        as the
        Parties may agree, but in no event later than the 19th
        day of
        July, 2006. The date on which the Closing occurs is also referred to herein
        as
        the “Closing Date”. 

       

      14.2  Obligations
        of Seller.
        At the
        Closing, Seller shall deliver or cause to be delivered to OXMI:

      

      (a)   Share
        certificates representing the Stock, duly endorsed for transfer, free and
        clear
        of all liens and encumbrances, dated as of the Closing;

      

      (b)   Executed
        Settlement Documents; and 

      

      (c)   Any
        governmental and third party consents, approvals, assurances or UCC-2
        termination statements necessary for the consummation of the transactions
        contemplated by this Agreement or as may be required to permit Seller to
        deliver
        the Stock free and clear of any and all liens, claims, encumbrances or
        restrictions.

      
        

        

        
          
            
               

            

            
              30

              
                

              

            

            
               

            

          

        

        

      

      14.3  Obligations
        of OXMI.
        At the
        Closing, OXMI shall deliver or cause to be delivered to Seller:

      

      (a)   The
        Cash
        Payment;

      

      (b)   The
        Convertible Note;

      

      (c)   The
        Issued Shares; 

      

      (d)   The
        Warrants; and 

      

      (b)   Executed
        Settlement Documents. 

      

      14.4   
         Effective
        Date.
        Notwithstanding the actual Closing Date, the Parties hereby agree that for
        all
        legal, tax, and all other relevant purposes that the Closing was effective
        as of
        and of the 1st
        day of
        July, 2006 (the “Effective Date”), with OXMI to be treated as the owner of the
        Stock as of and on the Effective Date. 

      

      14.5  Memo
        Agreements.
        Except
        as otherwise provided under Section 12.2, Section 14.5 or Section 15.7, herein,
        upon Closing the Memo Agreements shall become completely null and void, and
        superseded in all respects by this Agreement. Notwithstanding anything contained
        in this Agreement to the contrary, the following shall apply:

      

      (a)   If
        OXMI:
        (i) executes and delivers this Agreement to Andrew Rubenstein before 8:00
        p.m.
        (Chicago time) on July 19, 2006; (ii) initials forms of all Exhibits to this
        Agreement and delivers such Exhibits to Andrew Rubenstein before 8:00 p.m.
        (Chicago time) on July 19, 2006; (iii) fully executes and delivers to Andrew
        Rubenstein all closing documents and deliveries associated with the transaction
        contemplated hereby before 5:00 p.m. (Chicago time) on July 20, 2006; and
        (iv)
        transfers the cash payment due at the Closing, and such cash payment is received
        by wire transfer in immediately available funds by Seller (or its designees,
        as
        appropriate) before 5:00 p.m. (Chicago time) on July 20, 2006; then the
        liquidated damages in Section 10 of the Memo Agreement shall not apply and
        the
        representative of Seller referred to above will distribute such closing
        documents and deliveries to the Parties and the Parties will close the
        transaction contemplated hereby.

       

      (b)   If
        OXMI:
        (i) executes and delivers this Agreement to Andrew Rubenstein before 8:00
        p.m.
        (Chicago time) on July 19, 2006; (ii) initials forms of all Exhibits to this
        Agreement and delivers such Exhibits to Andrew Rubenstein before 8:00 p.m.
        (Chicago time) on July 19, 2006; (iii) fully executes and delivers to Andrew
        Rubenstein all closing documents and deliveries associated with the transaction
        contemplated hereby (with the sole exception of the cash payment due at the
        Closing) before 5:00 p.m. (Chicago time) on July 20, 2006; and (iv) transfers
        the cash payment due at the Closing, and such cash payment is received by
        wire
        transfer in immediately available funds by Seller (or its designees, as
        appropriate) after 5:00 p.m. (Chicago time) on July 20, 2006 but before 10:00
        a.m. (Chicago time) on July 24, 2006; then the liquidated damages in Section
        10
        of the Memo Agreement shall not apply and the representative of Seller referred
        to above will distribute such closing documents and deliveries to the Parties
        and the Parties will close the transaction contemplated hereby. In addition,
        OXMI agrees to amend and restate the Warrants such that the Warrants are
        exercisable at One Dollar ($1.00) per share.

      
        

        

        
          
            
               

            

            
              31

              
                

              

            

            
               

            

          

        

        

      

      (c)   If
        OXMI:
        (i) executes and delivers this Agreement to Andrew Rubenstein before 8:00
        p.m.
        (Chicago time) on July 19, 2006; (ii) initials forms of all Exhibits to this
        Agreement and delivers such Exhibits to Andrew Rubenstein before 8:00 p.m.
        (Chicago time) on July 19, 2006; (iii) fully executes and delivers to Andrew
        Rubenstein all closing documents and deliveries associated with the transaction
        contemplated hereby (with the sole exception of the cash payment due at the
        Closing) before 5:00 p.m. (Chicago time) on July 20, 2006; and (iv) transfers
        the cash payment due at the Closing plus Six Hundred Fifty Thousand Dollars
        ($650,000), and such cash payment is received by wire transfer in immediately
        available funds by Seller (or its designees, as appropriate) after 10:00
        a.m.
        (Chicago time) on July 24, 2006 but before 5:00 p.m. (Chicago time) on July
        28,
        2006; then the representative of Seller referred to above will distribute
        such
        closing documents and deliveries to the Parties and the Parties will close
        the
        transaction contemplated hereby. In addition, OXMI agrees to amend and restate
        the Warrants such that the Warrants are exercisable at One Dollar ($1.00)
        per
        share.

      

      (d)   If
        OXMI
        fails to comply with either of paragraphs (a), (b) or (c) above, then the
        liquidated damages in Section 10 of the Memo Agreement of Six Hundred Fifty
        Thousand Dollars ($650,000) will apply and will be due and payable.

      

      (e)   Notwithstanding
        anything to the contrary contained in paragraphs (a), (b) or (c) above, if
        that
        certain Intercreditor Agreement which will be attached as an exhibit to the
        Convertible Note (the "Intercreditor Agreement") is available for execution
        by
        Marsha S. Glazer, the Marital Trust under the Richard L. Owens Trust Dated
        November 24, 1992 and Andrew Rubenstein (collectively, the "Subject
        Signatories") in a form substantially similar to that discussed at approximately
        5:30 p.m. (Chicago time) during a conference call participated in by
        representatives of OXMI, Seller and OXMI's lender (and their respective legal
        counsel), and such Intercreditor Agreement is not signed by any or all of
        the
        Subject Signatories, then any failure of OXMI to comply with either of
        subparagraphs (a)(iv),
        (b)(iv) or (c)(iv) above, due solely to the fact that such
        Intercreditor Agreement is not signed by any or all of the Subject Signatories,
        will not result in the Warrants being amended and restated such that
        the
        Warrants are exercisable at One Dollar ($1.00) per share.

      

      XV

      

      ADDITIONAL
        OBLIGATIONS AND AGREEMENTS

      

      15.1  Brokers.
        Each
        Party to this Agreement represents and warrants that no broker or finder
        has
        acted for it in connection with this Agreement or the transactions contemplated
        hereby and that no broker or finder is entitled to any brokerage or finder’s fee
        or other commission. Each Party to this Agreement agrees to indemnify and
        hold
        harmless the other parties hereto with respect to any claim for any brokerage
        or
        finder’s fee or other commission.

      

      15.2  Registration
        Rights Agreement.
        On the
        Closing, and as an express condition to Closing, the Parties shall execute
        and
        enter into that certain Registration Rights Agreement attached hereto as
        Exhibit
        15.2 and incorporated herein by reference, pursuant to which, among other
        things, OXMI shall
        covenant to register the Issued Shares and the OXMI Common Stock into which
        the
        Convertible Note and the Warrants can be converted or acquired, respectively,
        under the Securities Act within one hundred eighty days of the
        Closing. 

      
        

        

        
          
            
               

            

            
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      15.3  Hotel
        Employees.
        Prior
        to or at the Closing, Seller will terminate the employment of all employees
        actively involved in the operation of the Hotel Business and who are hired
        by
        Hotel Corporation (the “Hotel Employees”). Seller will be solely responsible for
        paying to all of its employees, including but not limited to the Hotel
        Employees, all salary, bonuses, and severance benefits, if any, accrued as
        of
        the Effective Date. Hotel Corporation shall be solely responsible for all
        accrued vacation benefits of the Hotel Employees, in addition to providing
        to
        the Hotel Employees any COBRA and continuation medical coverage as may be
        required. Seller will provide reasonable assistance to OXMI, without charge,
        to
        assist OXMI in employing the Hotel Employees. Hotel Corporation shall not
        be
        deemed to be a successor employer for any of the Hotel Employees. Solely
        for
        determining their vacation accrual rate and their eligibility for participation
        in the standard employee benefit plans, if any, adopted by Hotel Corporation,
        OXMI will credit the Hotel Employees with such employee’s respective date of
        hire with Seller. OXMI shall not be liable to Seller or any employee of Seller
        by reason of Hotel Corporation’s employment of any employee, failure to offer
        employment to or to employ any employee, or with respect to wages, salaries,
        commissions, bonuses, severance pay, pension or other retirement plans, fringe
        benefits, employee benefits, or any other rights relating to employment with
        Seller (other than vacation pay for Hotel Employees, which is assumed by
        Hotel
        Corporation hereunder).

      

      15.4  Services
        and Support Agreement.
        On the
        Closing, Seller and Hotel Corporation will enter that certain Services and
        Support Agreement, attached hereto as Exhibit 15.4 and incorporated herein
        by
        reference (the “Services Agreement”). The Services Agreement and the Sublease
        shall reflect that Seller shall be granted, as part of the Purchase Price
        hereunder, a Three Hundred Thousand Dollar ($300,000) credit for all services
        and support to be provided thereunder, including but not limited to rent
        and
        other amounts. The credit shall be applied over the first thirty (30) months
        of
        the Services Agreement and the Sublease, with the credit applied in accordance
        with the payment provisions contained in the Services Agreement and the
        Sublease, respectively. The Services Agreement, specifically including the
        credit, shall be freely assignable by Seller in connection with a Change
        in
        Control, as defined in the Services Agreement. To the extent that the full
        amount of the credit is not exhausted after thirty (30) months, there shall
        be
        no carry-over and no further payment or credit due from Hotel Corporation
        to
        Seller in that regard. The Services Agreement shall be on further terms and
        conditions reasonably acceptable to the Parties. In the event the Parties
        are
        unable to reach an agreement as to any point to be included in the Services
        Agreement, Closing shall not be delayed and neither Party may use this as
        an
        excuse to not Close.

       

      15.5  Board
        of Directors Participation.
        Up to
        and until (i) all amounts due under the Convertible Note are paid-in-full;
        or,
        (ii) all amounts due under the Convertible Note are converted, in full, into
        OXMI Common Stock (or any replacement security permitted under the terms
        of the
        Convertible Note), Seller shall be granted the right to appoint two (2)
        ex-officios/invitees (“Seller Board Observers”) to the board of directors of
        OXMI, which individuals shall be subject to the reasonable approval of OXMI.
        The
        Seller Board Observers shall have full rights of participation in all meetings
        of the board of directors of OXMI, other than voting rights. However, OXMI
        reserves the right to withhold participation of Seller Board Observers (i)
        due
        to a Requirement of Law (specifically including but not limited to The
        Sarbanes-Oxley Act of 2002); or, (ii) in the event that the Chief Executive
        Officer of OXMI determines in good faith that the Board will discuss a matter
        in
        executive session, then the Board of OXMI may require that the Seller Board
        Observers be excluded from such meeting provided that all Board observers
        are
        similarly excluded. The participation of the Seller Board Observers shall
        not be
        a prerequisite to OXMI convening any board meeting.

      
        

        

        
          
            
               

            

            
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      15.6  Settlement
        Documents.
        Concurrent with the execution hereof, the Parties shall execute a number
        of
        additional agreements, among these being the Convertible Note, Common Stock
        Warrant, Registration Rights Agreement, Services Agreement, and the Sublease
        Agreement required under the Services Agreement. The foregoing documents,
        together with this Agreement and any other agreements attached hereto as
        Exhibits, will be referred to herein as the “Settlement Documents”.

      

      15.7  Payment
        of Transaction Expenses.
        Except
        in
        the event of the breach of this Agreement by one Party, and except as otherwise
        provided under Section 12.2, above, or in the Memo Agreements, all Transaction
        Expenses incurred by each Party will be borne solely and entirely by the
        Party
        that incurred such Transaction Expenses. In the event of the breach of this
        Agreement by one Party, the payment by the breaching Party of the Transaction
        Expenses for the other Party shall not relieve the breaching any Party of
        any
        liability or damages resulting from any breach by such Party of any of its
        representations, warranties, covenants, or agreements set forth in this
        Agreement or under the Memo Agreements. 

      

      15.8  Public
        Disclosure.
        Without
        limiting any other provision of this Agreement, unless
        otherwise required by a Requirement of Law or the requirements of any listing
        agreement with any applicable stock exchange, the
        Parties will use their reasonable best efforts to consult with each other
        before
        issuing, and provide each other the opportunity to review, comment upon and
        concur with, and use all reasonable efforts to agree on any press release
        or
        public statement with respect to this Agreement and the transactions
        contemplated hereby, and will not issue any such press release or make any
        such
        public statement prior to such consultation and (to the extent practicable)
        agreement, except as may be required by law or any other applicable national
        or
        regional securities exchange.

      

      15.9  Books
        and Records.
        Seller
        shall deliver to OXMI all corporate books and records of Hotel Corporation
        in
        its possession or reasonably under its control. 

       

      15.10 
         Taxes.

      

      15.10.1.
        Payment
        of Taxes: Filing of Returns.
        Seller
        shall remain liable for the filing of all tax returns and reports and for
        the
        payment of all federal, state and local taxes of Hotel Corporation for any
        period ending on or prior to the Closing Date. Seller shall remain so liable
        for
        the payment of all of its taxes attributable to or relating to the consummation
        of the transactions contemplated herein, and shall indemnify and hold OXMI
        and
        Hotel Corporation harmless from and against all liability in connection
        therewith.

      

      15.10.2.
        Sales
        Taxes.
        Seller
        shall be solely responsible for the payment of any and all income, sales,
        use,
        and other Taxes of any kind arising out of (i) the consummation of the
        transaction undertaken by Seller to form Hotel Corporation and to transfer
        the
        Hotel Assets and the Hotel Business to it; and, (ii) the sale of the Stock
        to
        OXMI. Seller shall similarly be responsible for the filing of all necessary
        tax
        returns and reports with respect to such Taxes, and shall indemnify and hold
        OXMI and Hotel Corporation harmless from and against all liability in connection
        therewith.

      

      15.11 
         Continued
        Use Of Name.
        Immediately upon Closing, Seller shall make no further use of the name “SVI”, or
        any reasonably related derivation thereof, for any purpose, other than as
        specifically provided for to the contrary under the Services Agreement.

      

      15.12 
         Restrictive
        Covenants.

      
        

        

        
          
            
               

            

            
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      15.12.1.
        Non-Disclosure.
        Seller
        shall ensure that neither it nor any of its current or future shareholders,
        directors, officers, or senior management employees other than those employed
        by
        Hotel Corporation after Closing (each a “Restricted Party”, and collectively the
“Restricted Parties”) at any time after the Execution Date, unless specifically
        consented to in writing by OXMI, 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 the Hotel Business, including, but not limited
        to
        the names, buying habits, or business of any of its customers or suppliers,
        its
        marketing methods and related data, costs of materials, the prices it obtains
        or
        has obtained or at which it sells or has sold its products or services, sales
        costs, lists or other written records used in the Hotel Business, compensation
        paid to employees and other terms of employment, or any other Confidential
        Information of, about, or concerning the business of the Hotel Business,
        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, confidential, and proprietary and affect
        the
        successful conduct of the business of the Hotel Business and its goodwill,
        and
        that any breach of any term of this Section 15.12 is a material breach of
        this
        Agreement.

      

      15.12.2.
        Competition
        Covenant.
        At no
        time during the five (5) year period following the Execution Date shall any
        Restricted Party:

      

      (a) Directly
        or indirectly, in an individual or representative capacity, own an interest
        in,
        operate, join, control, finance (whether as a lender or investor), share
        in the
        earnings of, participate in, engage in or be connected as an officer, employee,
        agent, independent contractor, partner, shareholder, member, consultant,
        employer, investor, or principal of any corporation, partnership,
        proprietorship, firm, association, person, or any other entity engaged in
        any
        aspect of the Hotel Business inside the United States, or which is otherwise
        in
        competition with the Hotel Business. 

      

      (b) Permit
        the name of any Restricted Party to be used, directly or indirectly, by any
        person, corporation, partnership or other business entity engaged in the
        Hotel
        Business within the United States.

      

      15.12.3.
        Customer
        Accounts.
        Seller
        hereby acknowledges and agrees that the names and addresses of the Customer
        Accounts (as defined below) constitute trade secrets of Hotel Corporation
        and
        that the sale or unauthorized use or disclosure of any of the Customer Accounts
        obtained constitutes unfair competition. Seller further agrees as follows:
        

      

      (a)    Seller
        will ensure that no Restricted Party engages in any unfair competition with
        Hotel Corporation or OXMI. 

      

      (b)    At
        no
        time during the five (5) year period following the Execution Date shall any
        Restricted Party directly or indirectly make known to any person, firm,
        corporation or entity the names or addresses of any of the Customer Accounts
        or
        any other information pertaining to them. During this same time period, no
        Restricted Party shall, directly or indirectly, for the restricted Party
        or any
        other person, firm, corporation or entity, divert, take away, call on or
        solicit, or attempt to divert, take away, call on or solicit, any of the
        Customer Accounts.

      

      (c)    The
        term
“Customer Accounts” shall mean all accounts of Hotel Corporation in the Hotel
        Business, and each of their respective subsidiaries, licensees, and business
        associations, whether now existing or hereafter developed or
        acquired.

      
        

        

        
          
            
               

            

            
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      15.12.4.
        Employee
        Covenant.
        At no
        time during the five (5) year period following the Execution Date shall any
        Restricted Party directly, or indirectly, cause or induce, or attempt to
        cause
        or induce, any employee of Hotel Corporation or OXMI to terminate his or
        her
        employment with his or her respective employer, as such employment exists
        at any
        time following the Execution Date. Similarly, at no time during the same
        five
        (5) year period following the Execution Date shall any OXMI or any of its
        subsidiaries directly, or indirectly, cause or induce, or attempt to cause
        or
        induce, any employee of Seller to terminate his or her employment with Seller,
        as such employment exists at any time following the Execution Date.

      

      15.12.5.
        Separate
        Covenants.
        The
        Parties intend that the covenants contained in this Section 15.12 shall be
        deemed a series of separate covenants, one for each of the Counties within
        each
        State of the United States. Except for geographic coverage, each separate
        covenant shall be deemed identical to the covenant contained in this Section
        15.12. If, in any judicial proceeding, a court of competent jurisdiction
        shall
        refuse to enforce the separate covenants deemed included in this Section
        15.12
        for any reason, including but not limited to covering too extensive a geographic
        area, the Parties intend that those such covenants (taken in order of the
        counties within the United States which are the least populated) which, if
        eliminated, would permit the remaining separate covenants to be enforced
        in such
        proceedings, shall, for the purpose of such proceedings, be deemed eliminated
        from the provisions of this Section 15.12. 

       

      15.12.6.
        Injunctive
        Relief.
        The
        Parties hereby acknowledge that the covenants and restrictions contained
        in this
        Section 15.12 are necessary, fundamental, and required for the protection
        of
        OXMI and Hotel Corporation. Said covenants relate to matters which are of
        a
        special, unique, and extraordinary character which give each of these covenants
        a special, unique, and extraordinary value. Therefore, the Parties further
        acknowledge that a breach of any of the covenants or any other provision
        of this
        Section 15.12 may result in irreparable harm and damages to OXMI which cannot
        be
        adequately compensated through a monetary reward. Since any remedy at law
        for a
        breach of this Section 15.12 would be inadequate, in addition to any other
        remedies OXMI may have, OXMI shall be entitled to seek temporary and permanent
        injunctive relief without the necessity of proving actual damages in order
        to
        specifically enforce the provisions of this Section 15.12.

      

      XVI

      

      SURVIVAL
        AND INDEMNIFICATION PROVISIONS

      

      16.1  Survival
        of Representations.
        The
        covenants, agreements, representations, and warranties made by each Party
        in
        this Agreement, or pursuant hereto or in connection with the transactions
        contemplated hereby, and listed on Schedule 16.1, attached hereto and
        incorporated herein by reference, shall survive the Closing for that period
        of
        time referenced on Schedule 16.1 for each respective items.

      

      16.2  Access
        to Records.
        During
        and throughout the seven (7) year period following the Closing, Seller shall
        afford OXMI with reasonable access to all book and records related to the
        Hotel
        Business. 

      
        

        

        
          
            
               

            

            
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      16.3  Indemnification
        by Seller.
        Seller
        hereby covenants and agrees that notwithstanding any investigation made at
        any
        time by or on behalf of OXMI or any information OXMI may have and regardless
        of
        the Closing of the purchase of the Stock hereunder, Seller shall indemnify
        OXMI
        and its directors, officers, shareholders and affiliates, and each of their
        successors and assigns (each individually referred to herein as a “OXMI
        Indemnified Party”) and hold each harmless from, against and in respect of any
        and all costs (including interest which may be imposed in connection therewith,
        court costs and reasonable fees and disbursements of legal counsel) losses,
        claims, liabilities, fines, penalties, damages, demands, judgments, debts,
        obligations, causes of action and expenses (cumulatively referred to as the
        “Indemnified Claims”) arising by reason of or in connection with any of the
        following:

      

      (a)   Any
        and
        all Indemnified Claims against a OXMI Indemnified Party of any nature, whether
        accrued, absolute, contingent or otherwise, other than the Assumed Liabilities
        referenced on Schedule 5.2, arising out of the business of Hotel Corporation
        (whether known or unknown to Seller or any OXMI Indemnified Party), to the
        extent arising out of the operation of the Hotel Business or incurred by
        Hotel
        Corporation or Seller on or prior to the Closing; 

       

      (b)   Any
        material breach of, or any material inaccuracy in, any of the representations,
        warranties, covenants or agreements made by Seller in this Agreement, any
        other
        agreement referred to herein, any Exhibit or Schedule to this Agreement,
        any of
        the Settlement Documents, or any certificate, instrument or writing delivered
        in
        connection therewith;

      

      (c)   Any
        attempt (whether or not successful) by any person to cause or require a OXMI
        Indemnified Party to pay or discharge any debt, obligation, liability or
        commitment of Seller other than the Assumed Liabilities; 

       

      (d)   Any
        action, suit, proceeding, compromise, settlement, assessment or judgment
        arising
        out of or incidental to any of the matters indemnified against in this Section
        16.3. However,
        Seller
        shall not be obligated to indemnify a OXMI Indemnified Party and hold it
        harmless under this Section 16.3 with respect to any settlement of a claim
        to
        which Seller has not consented, which consent shall not unreasonably be
        withheld;

      

      (e)   Any
        tax
        liabilities, and all interest, penalties, assessments and all other Indemnified
        Claims in respect thereof, arising out of the business of Hotel Corporation
        for
        any period prior to the Closing;

      

      (f)   Any
        and
        all Indemnified Claims arising by reason of or in connection with any act
        or
        omission pursuant to, or in breach of this Agreement, any other agreement
        referred to herein, any Exhibit or Schedule to this Agreement, any of the
        Settlement Documents, or any certificate, instrument or writing delivered
        in
        connection therewith, by Seller; and 

      

      (g)   Any
        and
        all Indemnified Claims arising from or in any way related to any bonus, pension,
        profit sharing, retirement, deferred compensation, savings, stock purchase,
        stock option, hospitalization, insurance or other plan providing benefits
        to
        employees of Hotel Corporation.

      

      16.4  Indemnification
        by OXMI.
        OXMI
        hereby covenants and agrees that notwithstanding any investigation made at
        any
        time by or on behalf of Seller or any information Seller may have and regardless
        of the Closing of the purchase of the Stock hereunder, OXMI shall indemnify
        Seller and its directors, officers, shareholders and affiliates, and each
        of
        their successors and assigns (each individually referred to herein as a “Seller
        Indemnified Party”) and hold each harmless from, against and in respect of any
        and all Indemnified Claims arising by reason of or in connection with any
        of the
        following:

      
        

        

        
          
            
               

            

            
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      (a)   Any
        and
        all Indemnified Claims against a Seller Indemnified Party of any nature,
        whether
        accrued, absolute, contingent or otherwise attributable to any event occurring
        after the Closing (whether known or unknown to Seller, or OXMI), relating
        to
        Hotel Corporation or operation by OXMI of the Hotel Business from and after
        the
        Closing, except if (i) such liability results from or arises in connection
        with
        the breach of any of the representations, warranties, covenants or agreements
        made by Seller in this Agreement, any other agreement referred to herein,
        any
        Schedule or Exhibit hereto, any of the Settlement Documents, or any certificate,
        instrument or writing delivered in connection herewith or therewith, or (ii)
        such liability is included under Section 16.3, above;

      

      (b)   Any
        material breach of, or any material inaccuracy in, any of the representations,
        warranties, covenants or agreements made by OXMI in this Agreement, any other
        agreement referred to herein, any Exhibit or Schedule to this Agreement,
        any of
        the Settlement Documents, or any certificate, instrument or writing delivered
        in
        connection therewith;

      

      (c)   Any
        attempt (whether or not successful) by any person to cause or require a Seller
        Indemnified Party to pay or discharge any debt, obligation, liability or
        commitment of the OXMI; 

       

      (d)   Any
        action, suit, proceeding, compromise, settlement, assessment or judgment
        arising
        out of or incidental to any of the matters indemnified against in this Section
        16.4. However,
        OXMI
        shall not be obligated to indemnify a Seller Indemnified Party and hold it
        harmless under this Section 16.4 with respect to any settlement of a claim
        to
        which OXMI has not consented, which consent shall not unreasonably be withheld;
        

      

      (e)   Any
        and
        all Indemnified Claims arising by reason of or in connection with any act
        or
        omission pursuant to, or in breach of this Agreement, any other agreement
        referred to herein, any Exhibit or Schedule to this Agreement, any of the
        Settlement Documents, or any certificate, instrument or writing delivered
        in
        connection therewith, by Seller; and

      

      (f)    Any
        tax
        liabilities, and all interest, penalties, assessments and all other Indemnified
        Claims in respect thereof, arising out of the business of Hotel Corporation
        for
        any period subsequent to the Closing

      

      16.5  Right
        to Defend.
        If the
        facts giving rise to any claim for indemnification under this Article XVI
        shall
        involve any actual claim or demand by any third person against a OXMI
        Indemnified Party or a Seller Indemnified Party (cumulatively referred to
        hereinafter as an “Indemnified Party”), the indemnifying party shall be entitled
        to notice of and entitled to (without prejudice to the right of any Indemnified
        Party to participate at its own expense with counsel if its own choosing)
        defend
        or prosecute such claim at its own expense and through counsel of its own
        choosing if it gives written notice of its intention to do so no later than
        the
        time by which the interests of the Indemnified Party would be materially
        prejudiced as a result of its failure to have received such notice. However,
        if the
        defendants in any action shall include both the indemnifying party and the
        Indemnified Party, and the Indemnified Party shall have reasonably concluded
        that counsel selected by the indemnifying party has a conflict of interest
        because of the availability of different or additional defenses to the
        Indemnified Party, the Indemnified Party shall have the right to select separate
        counsel to participate in the defense of such action on its behalf, at the
        expense of the indemnifying party. The Indemnified Party shall cooperate
        fully
        in the defense of such claim and shall make available to the indemnifying
        party
        pertinent information under its control relating thereto, but shall be entitled
        to be reimbursed, as provided in this Article XVI, for all costs and expenses
        incurred by it in connection therewith.

      
        

        

        
          
            
               

            

            
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      16.6  Right
        to Offset.
        In the
        event that Seller is obligated to pay any amount to OXMI under Section 16.3,
        OXMI shall give Seller written notice of a brief description and the amount
        of
        the obligation. If Seller fails to satisfy said obligation within fifteen
        (15)
        days of receipt of the notice, then OXMI shall have the right to offset the
        amount of the unpaid obligation as a reduction in the amount due to Seller
        pursuant to the Conversion Note, in the order of the scheduled payments due
        under the Conversion Note. In the event that the amount of claimed offset
        is
        equal to or greater than the amount still due and owing to Seller under the
        Conversion Note, OXMI shall have the right to suspend all further payments
        under
        the Conversion Note until final determination of the claim.

      

      16.7  Knowledge
        of Breach.
        Notwithstanding any provision contained in this Agreement to the contrary,
        no
        Indemnified Party shall be entitled to indemnification under this Article
        XVI
        with respect to any matter of which such Indemnified Party had Knowledge
        as of
        the Closing. 

       

      16.8  Limitation.
        Notwithstanding the other provisions of this Article XVI, there shall be
        no
        liability or obligation for either Party to provide indemnification under
        this
        Article XVI unless and until the aggregate of all Indemnified Claims of that
        Party exceeds a “Minimum Threshold” defined as One Hundred Thousand Dollars
        ($100,000), in which event there shall be liability and obligation to indemnify
        under this Article XVI but only to the extent that the aggregate of all such
        Indemnified Claims exceeds the Minimum Threshold. In calculating the Minimum
        Threshold, no single event or item, unless part of a series of directly related
        and essentially the same events, less than Five Thousand Dollars ($5,000)
        shall
        be included in the calculation of the Minimum Threshold. 

      

      XVII

      

      NOTICES

      

      All
        notices, requests, demands and other communications required or permitted
        to be
        given hereunder shall be effected pursuant to Section 18.10, below, as
        follows:

      

      
        	
                If
                  to OXMI:

              	
                With
                  a copy to:

              
	
                Mr.
                  Lewis Jaffe

              	
                Keith
                  A. Rosenbaum, Esq.

              
	
                OXFORD
                  MEDIA, INC.

              	
                SPECTRUM
                  LAW GROUP, LLP

              
	
                One
                  Technology Drive.

              	
                1900
                  Main Street

              
	
                Building
                  H

              	
                Suite
                  125

              
	
                Irvine,
                  California 92618

              	
                Irvine,
                  California 92614

              
	 	 
	
                If
                  to :
                  

              	
                With
                  a Copy to:

              
	
                Mr.
                  Andrew Rubenstein

              	
                Jeffrey
                  Rubenstein, Esq.

              
	
                3221
                  Proctor Lane

              	
                MUCH
                  SHELIST 

              
	
                Mercer
                  Island, Washington 98040

              	
                191
                  N. Wacker Drive

              
	
                Fax:
                  (206)
                  275-4321

              	
                Suite
                  1800 

              
	 	
                Chicago,
                  Illinois 60606

              

      

      
        

        

        
          
            
               

            

            
              39

              
                

              

            

            
               

            

          

        

        
 

      

      XVIII

      

      MISCELLANEOUS
        PROVISIONS

      

      18.1  Executed
        Counterparts.
        This
        Agreement may be executed in any number of original, fax, electronic, or
        copied
        counterparts, and all counterparts shall be considered together as one
        agreement. A faxed, electronic, or copied counterpart shall have the same
        force
        and effect as an original signed counterpart. 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
        E-Mail, as a defense to the formation of a contract. 

      

      18.2  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.

      

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

      

      18.4  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
        Delaware or the State of Illinois. 

      

      18.5  Attorney’s
        Fees.
        If any
        legal action (including arbitration) is necessary to enforce the terms and
        conditions of this Agreement, the ruling person (judge or arbitrator, for
        example) shall be entitled to assign costs and reasonable attorney’s fees, in
        his/her sole discretion, based upon the relative and proportionate culpability
        of the Parties. 

      

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

      

      18.7  Remedies.

      

      18.7.1. 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.

      

      18.7.2.
        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.

      
        

        

        
          
            
               

            

            
              40

              
                

              

            

            
               

            

          

        

        

      

      18.8  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. No
        course
        of dealing between the Parties, nor any failure to exercise, nor any delay
        in
        exercising, any right, power or privilege of either Party shall operate as
        a
        waiver thereof, nor shall any single or partial exercise of any right, power,
        or
        privilege hereunder preclude any other or further exercise thereof or the
        exercise of any other right, power or privilege.

      

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

      

      18.10 
         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.

      

      18.11 
         Time.
        All
        Parties agree that time is of the essence as to this Agreement.

       

      18.12 
         Disputes.
        

       

      18.12.1. Mediation.
        All
        disputes, claims or controversies arising out of or relating to this Agreement,
        including but not limited to any dispute, claim or controversy arising out
        of or
        relating to this Agreement or the breach, termination, enforcement,
        interpretation or validity thereof, including the determination of the scope
        or
        applicability of this agreement to arbitrate, shall be initially submitted
        to
        Judicial Arbitration and Mediation Services (“JAMS”) in Denver, Colorado, or its
        successor, for mediation. Mediation shall be commenced by providing to JAMS
        and
        the other Party a written request for mediation, setting forth the subject
        of
        the dispute and the relief requested. The Parties will cooperate with JAMS
        and
        with one another in selecting a mediator from JAMS’ panel of neutral mediators,
        and in scheduling the mediation proceedings. The Parties will participate
        in the
        mediation in good faith, and they will share equally in its costs. All offers,
        promises, conduct and statements, whether oral or written, made in the course
        of
        the mediation by any of the Parties, their agents, employees, experts and
        attorneys, and by the mediator or any JAMS employees, are confidential,
        privileged and inadmissible for any purpose, including impeachment, in any
        arbitration or other proceeding involving the Parties, provided that evidence
        that is otherwise admissible or discoverable shall not be rendered inadmissible
        or non-discoverable as a result of its use in the mediation. Either Party
        may
        initiate arbitration with respect to the matters submitted to mediation by
        filing a written demand for arbitration at any time following the initial
        mediation session or 45 days after the date of filing the written request
        for
        mediation, whichever occurs first. The mediation may continue after the
        commencement of arbitration if the Parties so desire. Unless otherwise agreed
        by
        the Parties, the mediator shall be disqualified from serving as arbitrator
        in
        the case. The provisions of this paragraph may be enforced by any Court of
        competent jurisdiction, and the Party seeking enforcement shall be entitled
        to
        an award of all costs, fees and expenses, including attorney fees, to be
        paid by
        the Party against whom enforcement is ordered.

      
        

        

        
          
            
               

            

            
              41

              
                

              

            

            
               

            

          

        

        

      

      18.12.2. Arbitration.
        If the
        matter is not resolved through mediation under Section 18.12.1., above, then
        it
        shall be submitted to JAMS in Denver, Colorado, or its successor, for final
        and
        binding arbitration before a sole arbitrator. The arbitration shall be
        administered by JAMS pursuant to its Comprehensive Arbitration Rules and
        Procedures if the amount in controversy exceeds $250,000, or pursuant to
        its
        Streamlined Arbitration Rules and Procedures if the amount in controversy
        is
        $250,000 or less. Judgment on the Award may be entered in any court having
        jurisdiction.

      

      18.12.3. Waiver
        of Jury Trial and Related Rights. The
        Parties hereby agree to have all disputes, claims or controversies arising
        out
        of or relating to this Agreement, which are not resolved by mediation, decided
        by neutral binding arbitration as provided in this Agreement. Each Party
        is
        giving up any rights it might possess to have those matters litigated in
        a court
        or jury trial. Each Party is giving up its judicial rights to discovery and
        appeal except to the extent that they are specifically provided for under
        this
        Agreement. If either Party refuses to submit to arbitration after agreeing
        to
        this provision, that Party may be compelled to arbitrate under federal or
        state
        law. The foregoing has been read and understood. Each Party agrees to submit
        all
        disputes, claims or controversies arising out of or relating to this Agreement,
        that have not been resolved by mediation, to binding arbitration in accordance
        with this Agreement. 

      

      

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

       

      18.14 
         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. 

      

      18.15 
         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.

      

      XIX

      

      EXECUTION

      

      IN
        WITNESS WHEREOF,
        this
        STOCK PURCHASE AGREEMENT has been duly executed by the Parties and shall
        be
        effective as of and on the Execution 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:

              	
                SELLER:

              
	 	 
	
                OXFORD
                  MEDIA, INC.,

              	
                SVI
                  SYSTEMS, INC., 

              
	
                a
                  Nevada corporation

              	
                an
                  Illinois corporation

              
	 	 
	 	 
	
                BY:
                  ___________________________

              	
                BY:
                  ___________________________

              
	 	 
	
                NAME:
                  ________________________

              	
                NAME:
                  ________________________

              
	 	 
	
                TITLE:_________________________

              	
                TITLE:
                   ________________________

              
	 	 
	
                DATED: 
                  _______________________

              	
                DATED:
                  _______________________

              
	 	 

      

      

      

      
        
          
             

          

          
            42

            
              

            

          

          
             

          

        

      

      

      EXHIBITS
        AND SCHEDULES

      

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
 

      

      

      

      

      
        
          
             

          

          
            43

            
              

            

          

          
             

          

        

      

      

      EXHIBIT
        4.3.2.

      

      CONVERTIBLE
        NOTE

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        
          
             

          

          
            44

            
              

            

          

          
             

          

        

      

      

      EXHIBIT
        4.3.4.

      

      WARRANT

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        
          
             

          

          
            45

            
              

            

          

          
             

          

        

      

      

      EXHIBIT
        5.4

      

      PATENT
        LICENSE AGREEMENT

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        
          
             

          

          
            46

            
              

            

          

          
             

          

        

      

      

      EXHIBIT
        7.5

      

      ASSIGNMENT
        OF HOTEL ASSETS

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        
          
             

          

          
            47

            
              

            

          

          
             

          

        

      

      

      EXHIBIT
        15.2

      

      REGISTRATION
        RIGHTS AGREEMENT

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        
          
             

          

          
            48

            
              

            

          

          
             

          

        

      

      

      EXHIBIT
        15.4

      

      SERVICES
        AGREEMENT

      

      

      

      

      

      

      

      

      

       

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        
          
             

          

          
            49

            
              

            

          

          
             

          

        

      

      

      SCHEDULE
        4.3.1.

      

      APPLICATION
        OF CASH PAYMENT

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        
          
             

          

          
            50

            
              

            

          

          
             

          

        

      

      

      SCHEDULE
        4.4

      

      ADDITIONAL
        PURCHASE PRICE

      

      General
        Concept:
        OXMI
        will
        allocate and pay to Seller, as the sole Additional Purchase Price under Section
        4.4 of the Agreement, certain monies for each of Seller’s or Hotel Corporation’s
        video-on-demand systems in place as of the Effective Date which are subsequently
        upgraded to a digital solution, complete or partial, provided,
        however,
        that
        such upgrade is installed to generate incremental revenue for
        Hotel
        Corporation. If a partial system upgrade is completed for non-revenue purposes
        (such as, for example, to accommodate operational efficiencies (i.e., remote
        control), infrastructure, or communications/reporting software (such as system
        accommodations), it will be excluded from any Additional Purchase Price
        calculation.

      

      Terminated
        Relationships:
        Any
        client of Hotel Corporation or Seller which has terminated its
        relationship and/or
        contract prior
        to
        Closing without a written proposal to retain or extend service by Hotel
        Corporation, and then re-engages a contract with OXMI or Hotel Corporation
        for a
        VOD solution will not be included in any Additional Purchase Price calculation.
        

      

      Agreement
        Not to Terminate:
        OXMI and
        Hotel Corporation agree that there will not be any attempt to terminate and
        re-engage a client solely in an effort to circumvent the Additional Purchase
        Price calculations and obligations described herein. OXMI hereby represents
        and
        warrants that it will not knowingly encourage or provide a quote to a Dealer
        on
        any customer of Hotel Corporation or Seller in existence as of the Closing
        (a
“House Account”). 

      

      Limitation:
        The
        Additional Purchase Price, in aggregate, will not exceed Four Million Dollars
        ($4,000,000).

      

      Digital
        Upgrades:

      

      1.    The
        Parties agree to compute the Additional Purchase Price for any Digital upgrade
        based upon the following: 

      

      a.   20%
        of
        the sales price for sales prices less than $18,000;

      

      b.   $4,000
        for sales prices at least $18,000 and less than $25,000; and

      

      c.   $6,000
        for sales prices $25,000 or more.

      

      2.    The
        Parties agree that the Additional Purchase Price shall be calculated on a
        calendar quarter basis for each then ended calendar quarter, with said amount
        payable on or before the twentieth (20th)
        day
        following the end of each such calendar quarter.

      

      3.    If
        any
        House Account is terminated, for any reason, and then a sale of a Digital
        upgrade system is made to that House Account within six (6) months of the
        date
        of termination, said sale shall be included in the calculation of the Additional
        Purchase Price. For purposes of this Schedule 4.4, the terms “terminated”,
“termination”, and all similar or like terms shall mean the date on which the
        services are no longer provided or are stopped, as applicable.  

      

      

      

      

      
        
          
             

          

          
            51

            
              

            

          

          
             

          

        

      

      

      SCHEDULE
        8.2

      

      FOREIGN
        QUALIFICATIONS

      

      

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
 

       

      

      
        
          
             

          

          
            52

            
              

            

          

          
             

          

        

      

      

      SCHEDULE
        8.22

      

      EFFECTIVE
        DATE LIABILITIES

      

      

    

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    
      

      
        
          
             

          

          
            53

            
              

            

          

          
             

          

        

      

      

      SCHEDULE
        9.5

      

      OXMI
        LEGAL PROCEEDINGS

      

      None.
        

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
 

      

      

      
        
          
             

          

          
            54

            
              

            

          

          
             

          

        

      

      

      SCHEDULE
        9.7

      

      OXMI
        CAP TABLE

      

      

      

       

       

       

       

       

       

       

       

       

       

       

       

      
 

      

       

      

      
        
          
             

          

          
            55

            
              

            

          

          
             

          

        

      

      

      SCHEDULE
        16.1

      

      SURVIVAL
        OF CERTAIN REPRESENTATIONS

      

      All
        provisions of Articles VII, VII, and IX, inclusive, unless expressly provided
        to
        the contrary in this Schedule 16.1, shall survive
        the Closing for a period of eighteen (18) months.

      

      Each
        of
        the following Sections shall survive the Closing for a period of five (5)
        years:

      

      7.1;
        7.2;
        7.3; 7.4; 8.9; 8.17; 8.20; 8.24; 8.25; 9.7; 9.8; and 9.11.

       

      

      

      

      

      
 

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       56

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