Document:

Unassociated Document

    Exhibit
      10.1

    

    DISTRIBUTION
      AGREEMENT

    

    THIS
      AGREEMENT is made and entered into this 8th of April, 2008 by and between
      Samsung Electronics Argentina S.A., a corporation organized and existing under
      the laws of the Argentine Republic, domiciled at Bouchard 547 – 3 Piso,
      (1106) Buenos Aires, Argentina (hereinafter referred to as "SEASA") and
      Infosonics Corporation, a corporation organized and existing under the laws
      of
      the E.E.U.U. , domiciled at 4350 Executive Drive Suite #100, San Diego, CA
      92121
      and Infosonics S.A. , a corporation organized and existing under the laws of
      the
      Uruguay Republic , domiciled at Ponce Ave, 1302, Montevideo, Republica Oriental
      del Uruguay (hereinafter referred to as "DISTRIBUTORS").

    

    WITNESSETH:

    

    WHEREAS,
      SEASA is engaged, by
      itself
      or through affiliated companies, in the manufacture and sale of cellular
      handsets and accessories, which intends to market in the TERRITORY hereinafter
      set forth,

    

    WHEREAS,
      DISTRIBUTORS are engaged in the business of importation and distribution of
      products in the TERRITORY and desires to deal in and sell the products and
      its
      accessories in the TERRITORY; and

    

    WHEREAS,
      SEASA is desirous of granting to the DISTRIBUTORS the non-exclusive right to
      distribute the products in the TERRITORY and the DISTRIBUTORS are willing to
      accept it.

    

    Now,
      THEREFORE, in consideration of the mutual covenants hereunder set forth, the
      parties hereto agree as follows:

    

    Article
      1. Definitions.

    

    When
      used
      in this Agreement, each of the following terms shall have the meaning attributed
      to it below.

    

    
      	(a)	
              “Affiliate”
                shall mean any entity that directly or indirectly, through one or
                more
                intermediaries, controls, is controlled by, or is under common control
                with SEASA.

            

    

    

    
      	(b)	
              "Agreement"
                means this Agreement, any written amendment and any exhibits or schedule
                thereto and all references to "herein"; "hereunder" or "hereof" shall
                refer to this entire Agreement.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	(c)	
              "Notice"
                shall mean a notice given in accordance with the terms of Article
                18 of
                this Agreement.

            

    

    

    
      	
              (d)

            	
              "PRODUCTS",
                shall mean cellular handsets and accessories, as decided by SEASA
                from
                time to time.

            

    

    

    
      	(e)	
              “SEASA”
                shall have the meaning set forth on the introductory paragraph. However,
                if DISTRIBUTORS purchases the PRODUCTS to an Affiliate of SEASA,
                all
                references in Articles 2 to 23 to SEASA will be deemed as if they
                were
                referred to such Affiliate.

            

    

    

    
      	(f)	
              "SEASA's
                Trademarks" shall mean those trademarks, trade names, slogans, labels,
                logo and other trade identifying symbols whether registered or not
                in the
                TERRITORY which are developed and used by SEASA in connection with
                any of
                the PRODUCTS to be sold by the DISTRIBUTORS pursuant to this
                Agreement.

            

    

    

    
      	(g)	
              "TERRITORY"
                shall mean the Argentine
                Republic and Uruguay.
                

            

    

    

    Article
      2. Distributorship.

    

    
      	2-1	
              SEASA
                hereby grant to DISTRIBUTORS a non-exclusive right to distribute
                the
                PRODUCTS in the TERRITORY during the term of this Agreement and subject
                to
                the provisions and conditions hereinafter set
                forth.

            

    

    

    
      	2-2	
              DISTRIBUTOR
                shall buy and sell in its own name and for its own account and shall
                act
                as independent trader with regard to both SEASA and the customers
                of
                DISTRIBUTORS. Nothing in this Agreement shall authorize DISTRIBUTORS
                to
                engage in transactions in the name of SEASA or in any manner, which
                may
                create any obligations or liabilities on the part of
                SEASA.

            

    

    

    
      	2-3	
              This
                Agreement shall not operate or be construed to create any exclusive
                relationship between the parties. SEASA shall have at any time the
                right
                to sell to any other person within the TERRITORY upon such terms
                and
                conditions as are acceptable to SEASA in its sole discretion. DISTRIBUTORS
                shall have no right or interest, including third party beneficiary
                or
                “most-favored nation” interest or rights, in any transaction or agreement
                between SEASA and any person within the TERRITORY.
                

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    Article
      3. Orders.

    

    
      	3-1	
              SEASA
                shall sell the PRODUCTS to DISTRIBUTORS for resale in the TERRITORY
                in
                accordance with the terms and conditions of each sales contract to
                be
                separately agreed and fixed between the parties provided that, unless
                agreed otherwise, this Agreement shall be
                applicable.

            

    

    

    
      	3-2	
              No
                sales contract shall be binding unless and until accepted by
                SEASA.

            

    

    

    
      	3-3	
              SEASA
                shall use its best efforts to accept any reasonable order regarding
                the
                PRODUCTS placed by the DISTRIBUTORS provided that SEASA shall be
                entitled
                to reject DISTRIBUTOR's order or any part thereof
                when:

            

    

    

    
      	
            	a)	
              The
                PRODUCTS are not available or sufficient enough to fill the order
                placed
                by the DISTRIBUTOR, or all the orders placed by the DISTRIBUTORS
                and other
                customers; or

            

    

     

    
      	
            	b)	
              SEASA
                have discontinued the manufacture or sale of the PRODUCTS ordered
                at the
                time the order is received; or

            

    

     

    
      	 	
              c)

            	
              The
                DISTRIBUTORS have committed a material breach under this
                Agreement.

            

    

    

    
      	3-4	
              SEASA
                shall use its best efforts to meet the delivery dates set forth on
                the
                accepted orders. In the event of a shortage of the PRODUCTS, SEASA
                shall
                apportion its available supply among its customers, as it deems
                convenient. DISTRIBUTORS may cancel by delivering a written notice
                to
                SEASA, any order if the delivery date has not been met for more than
                sixty
                (60) days, without charge.

            

    

    

    
      	3-5	
              Except
                as set forth on 3-4 above, neither DISTRIBUTORS nor SEASA shall rescind
                or
                amend any order, which has been accepted by SEASA without written
                consent
                of SEASA.

            

    

    

    
      	3-6	
              DITRIBUTOR
                will place orders for the PRODUCTS by way of written or electronic
                purchase orders. No order from DISTRIBUTORS are binding on SEASA
                until
                SEASA issues an acknowledgment and acceptance to the DISTRIBUTORS
                for such
                order. SEASA shall have ten (10) business days to accept such order.
                If
                SEASA does not accept in writing within such term, then such order
                will be
                deemed as rejected by SEASA. 

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	3-7	
              When
                placing orders DISTRIBUTOR shall give SEASA a ninety (90) days notice
                in
                advance, with a fixed purchase order for three months plus a non-binding
                forecast for the forthcoming two months (i.e. seventh and eighth
                months as
                of the notice). DISTRIBUTORS may increase the quantity of such orders
                for
                the fixed or forecasted months subject to written acceptance by
                SEASA.

            

    

    

    
      	3-8	
              All
                orders will be shipped to DISTRIBUTORS FOB from the respective Samsung
                Electronics Co. Ltd. manufacturing or warehouse facility. All cost
                of
                freight, insurance and any other shipping expenses from FOB point,
                as well
                as any special packaging expenses requested by DISTRIBUTORS, shall
                be
                borne by DISTRIBUTORS. In addition, DISTRIBUTORS will be responsible
                to
                (i) obtain all licenses required to import the PRODUCTS into the
                TERRITORY
                and (ii) clear the PRODUCTS through local customs promptly upon arrival
                at
                the TERRITORY, and (iii) pay all customs duties and other charges
                assessed
                on such PRODUCTS in the TERRITORY. Risk of loss will pass to DISTRIBUTORS
                upon delivery to DISTRIBUTORS at FOB point as specified in this
                Section.

            

    

    

    Article
      4. Independence of parties

    

    
      	
              4-1

            	
              It
                is expressly agreed that the relationship hereby established between
                SEASA
                and the DISTRIBUTORS are that of a supplier and a purchaser. The
                DISTRIBUTORS are an independent contractor and does not have authority
                to
                cause SEASA to act in any way, or to represent that SEASA is in any
                way
                responsible for the acts of the DISTRIBUTORS. This Agreement does
                not
                establish a joint venture, agency or partnership between the parties,
                nor
                does it create an employer/employee
                relationship.

            

    

    

    
      	
              4-2

            	
              SEASA
                shall not be responsible for the acts or defaults of the DISTRIBUTORS
                or
                its employees or representatives or its appointed sub-distributors
                or
                retailers and the DISTRIBUTORS hereby agrees to indemnify and to
                hold
                SEASA harmless from any and all claims of any nature whatsoever arising
                there from.

            

    

    

    
      	
              4-3

            	
              DISTRIBUTORS
                represents that it complies with all local labor laws related to
                the
                performance of its obligations hereunder and that it has its own
                labor
                force sufficiently trained to comply with its obligations. DISTRIBUTORS
                accepts that it alone is liable for any obligations and liabilities
                that
                may arise between DISTRIBUTORS and its employees or workers as a
                result of
                its obligations hereunder including, without limitation, social security
                contributions, individual or collective claims, employee's withholding
                taxes and similar issues. DISTRIBUTORS agrees that there is no contractual
                relationship between SEASA and DISTRIBUTOR's employees and workers
                and
                will hold harmless SEASA for any related
                claim.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    Article
      5. Prices and payment

    

    
      	5-1	
              SEASA
                will sell the PRODUCTS to DISTRIBUTORS at the reasonable prices SEASA
                normally sells to its other non-exclusive distributors from time
                to time.
                To that end, SEASA shall provide DISTRIBUTORS with pricing schedules
                within 10 business days upon request by DISTRIBUTORS.
                

            

    

    

    
      	5-2	
              SEASA,
                at its sole discretion, may change the prices of the PRODUCTS provided
                that such change of prices shall become effective and applicable
                to each
                sales contract to be effected between the parties as from the date
                SEASA
                notifies the DISTRIBUTORS and to be applicable to each sales contract
                pending of shipping, unless otherwise specified
                therein.

            

    

    

    
      	5-3	
              The
                DISTRIBUTORS may cause an irrevocable and confirmed letter of credit
                without recourse, available against SEASA's draft at sight, to be
                opened
                for each sales contract through a leading bank acceptable to SEASA
                at
                least 30 days prior to the date of each shipment of the PRODUCTS.
                DISTRIBUTORS will pay all banking and similar charges incurred in
                connection with any of these
                payments.

            

    

    

    
      	5-4	
              If
                the DISTRIBUTORS fail to provide such letter of credit, SEASA may
                have the
                option of reselling the PRODUCTS in any country, holding the PRODUCTS
                for
                the DISTRIBUTOR's accounts and risk and/or canceling the contract
                and
                claiming for damages caused by the DISTRIBUTOR’s
                default.

            

    

    

    
      	5-5	
              SEASA
                and DISTRIBUTORS may agree on other forms of payment, other than
                the one
                provided in 5-3 and 5-4 above.

            

    

    

    
      	5-6	
              All
                amounts payable by DITRIBUTORS to SEASA under this Agreement are
                exclusive
                of any tax, levy or similar governmental charge that may be assessed
                by
                any jurisdiction, whether based on gross revenue, the delivery, possession
                or use of the PRODUCTS, the execution or performance of this Agreement
                or
                otherwise, except for net income, net worth or franchise taxes assessed
                on
                SEASA in or outside the TERRITORY. If a change in the laws of the
                TERRITORY were to occur and such change has an adverse effect on
                the
                amounts payable by DISTRIBUTORS, then the amounts payable by DISTRIBUTORS
                shall be readjusted so that SEASA does not suffer a loss as a result
                of
                such change in the law.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    Article
      6. Risk and Property

    

    
      	6-1	
              Risk
                in the PRODUCTS supplied by SEASA to DISTRIBUTORS will pass upon
                delivery
                at FOB point. Titles and any rights in such goods supplied by SEASA
                shall
                pass to the DISTRIBUTORS on payment in full to SEASA of the contract
                price
                therefor.

            

    

    

    Article
      7. Inspection and Claim

    

    
      	7-1	
              Within
                one (1) month upon delivery of the PRODUCTS, the PRODUCTS may be
                inspected
                by a DISTRIBUTOR's qualified agent in the TERRITORY at the DISTRIBUTOR's
                cost and according to SEASA's standard "quality warranty". Should
                any
                defects or shortage of the PRODUCTS been found upon inspection due
                to its
                material failure to meet the standards of quality, DISTRIBUTORS shall
                give
                a written notice to SEASA within 10 days upon inspection. If (i)
                such
                written notice of claim for defects or shortages is accompanied by
                a proof
                of damage certified by an authorized surveyor, (ii) such defects
                or
                shortages are acknowledged by SEASA as attributable to the fault
                of SEASA
                and (iii) such defects or shortages are not compensated by insurance;
                then
                SEASA shall supply DISTRIBUTORS free of charge with new PRODUCTS
                or a new
                part or parts thereof as the case may be to replace the defective
                PRODUCTS
                or parts or to replace the missing parts, delivering the same at
                the port
                of destination.

            

    

    

    
      	7-2	
              If
                DISTRIBUTORS fail to carry out the inspection mentioned in 7-1 above
                or
                fail to notify and/or to forward a claim within the period specified
                above, the DISTRIBUTORS should be deemed to have waived any such
                claim.
                However, DISTRIBUTORS shall have the rights set forth in Article
                8, but
                only regarding defects on workmanship or material of the
                PRODUCTS.

            

    

    

    
      	7-3	
              SEASA
                shall have no liability for any defects or shortages in the PRODUCTS
                that
                have been caused by improper storage, warehousing or transport or
                by
                neglect, abuse or improper use, maintenance, installation and repair
                except when the PRODUCTS are under SEASA's
                control.

            

    

    

    Article
      8. Warranty

    

    
      	8-1	
              SEASA
                warrants in accordance with SEASA's standard "quality warranty" that
                the
                PRODUCTS sold by it to DISTRIBUTORS are free from defects in workmanship
                or material for a period which will be indicated in each kind of
                the
                product, from the delivery to the initial user or such other period
                as
                decided by SEASA and notified to DISTRIBUTOR from time to time, to
                the
                extent permitted by the applicable laws and
                regulations.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    This
      warranty does not apply to any PRODUCTS improperly repaired, changed or altered
      in any way; or subjected to misuse, abuse, negligence, or accident by any person
      other than SEASA; or used in violation of instructions furnished by SEASA;
      or
      normal wear and tear.

    

    
      	8-2	
              THE
                WARRANTIES STATED IN THIS ARTICLE ARE THE ONLY WARRANTIES MADE BY
                SEASA IN
                CONNECTION WITH THE SALE OF THE PRODUCTS HEREUNDER. ANY AND ALL OTHER
                WARRANTIES AND/OR GUARANTEES, EXPRESSED OR IMPLIED, INCLUDING BUT
                NOT
                LIMITED TO ANY AND ALL IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS
                FOR PARTICULAR PURPOSE, ARE HEREBY EXPRESSLY DISCLAIMED BY
                SEASA.

            

    

     

    Article
      9. Limitation of Liability

    

    
      	9-1	
              IN
                NO EVENT SHALL SEASA BE LIABLE TO DISTRIBUTOR FOR LOSS OF PROFITS
                OR OTHER
                CONSEQUENTIAL DAMAGES INCLUDING, WITHOUT LIMITATION, INJURY TO PERSON
                OR
                PROPERTY, LOSS OF USE OF THE PRODUCTS, AND SHALL SEASA’S AGGREGATE
                LIABILITY TO DISTRIBUTOR OR ANY THIRD PARTY ARISING OUT OF OR IN
                CONNECTION WITH THIS AGREEMENT, WHETHERE IN CONTRACT, TORT (INCLUDING
                NEGLIGENCE), OR OTHERWISE, EXCEED THE MONEY PAID BY DISTRIBUTOR TO
                SEASA
                UNDER THIS AGREEMENT.

            

    

    

    Article
      10. Promotion and Advertising

    

    
      	10-1	
              The
                DISTRIBUTORS agree that it will not, in promoting and selling the
                PRODUCTS
                make any representation or give any warranty with respect thereto
                other
                than those set forth in the catalogues and leaflets provided by SEASA,
                and/or the standard terms and conditions of warranty of the PRODUCTS
                hereunder or provided in writing by SEASA, or as may otherwise be
                authorized in writing by SEASA, unless required by
                law.

            

    

    

    Article
      11. Trademark and other Rights.

    

    11-1 SEASA
      authorizes DISTRIBUTORS to use non-exclusively Samsung Trademarks in the
      TERRITORY during the term of this Agreement for the sole purpose of the sale
      and
      distribution of the PRODUCTS.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    11-2 The
      DISTRIBUTORS accepts and agrees not to use Samsung Trademarks for any other
      purpose than to distribute the PRODUCTS and to use them only in such manner
      as
      to preserve at all times all rights of SEASA.

    

    11-3 The
      DISTRIBUTORS agrees that it will not alter or remove any of Samsung Trademarks
      on the PRODUCTS sold under this Agreement.

    

    11-4 SEASA
      shall have the right of prior review and approval of any use of Samsung
      Trademarks by the DISTRIBUTORS.

    

    11-5 The
      DISTRIBUTORS shall not authorize third parties except its dealers to use Samsung
      Trademarks and any such attempted authorization shall be void.

    

    11-6 SEASA
      authorizes DISTRIBUTORS to use Samsung Trademarks in advertisement, promotional
      literature, catalogues, brochures, and other printed materials, letterhead,
      visiting cards, only on the express condition that in such use explicit
      reference will be made to its capacity as a DISTRIBUTORS of the PRODUCTS and
      that DISTRIBUTORS submits such materials to SEASA for prior approval. The
      DISTRIBUTORS shall not use the words "SAMSUNG" or any altered or shortened
      form
      thereof in its own company name.

    

    11-7 The
      DISTRIBUTORS shall discontinue and cause its dealers to discontinue the use
      of
      the Samsung Trademarks free of compensation upon termination of this Agreement
      and thereafter shall not use or permit to be used the Samsung Trademarks or
      any
      similar trademarks, provided, however, that DISTRIBUTORS and its dealers may
      sell the PRODUCTS bearing Samsung Trademarks held by them in stock at the time
      of termination of this Agreement for a period of three (3) months following
      such
      time and not thereafter.

    

    11-8 The
      DISTRIBUTORS recognize and concedes for all purpose that the Samsung Trademarks,
      whether or not registered in the TERRITORY, are valid and are the exclusive
      property of SEASA, and that DISTRIBUTOR's right to use such Samsung Trademarks
      arises only out of this Agreement and is subject to the superior right of
      SEASA.

    

    11-9 The
      DISTRIBUTORS agree that any rights arising out of its use of Samsung Trademarks
      shall belong to SEASA and not to DISTRIBUTORS.

    

    11-10
      SEASA shall have the exclusive right at its sole discretion to bring legal
      actions in the TERRITORY for trademark infringement with respect to any of
      the
      Samsung Trademarks. The DISTRIBUTORS will assist SEASA in any proceedings for
      the protection of any of the Samsung Trademarks when requested by SEASA or
      as
      may be required by local law.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    11-11
      The
      DISTRIBUTORS shall not apply for any registration with regard to any of the
      Samsung Trademarks in any country of the world including the
      TERRITORY.

    

    11-12
      Any
      patent, design or copyright embodied in the PRODUCTS shall be the sole property
      of SEASA, and DISTRIBUTORS shall not acquire any right to them by execution
      of
      this Agreement or performance thereunder or otherwise and shall not use any
      of
      them after termination of this Agreement.

    

    Article
      12. Sub-distributors

    

    
      	12-1	
              In
                the event the DISTRIBUTORS wishes to appoint sub-distributors, it
                shall
                submit its proposed agreement to SEASA and get prior written consent
                thereof from SEASA. Any such proposed agreements must specifically
                require
                the sub-distributor or retail trader to be bound by the terms of
                this
                Agreement. In no event shall any such sub distributor or retail trader
                acquire any rights against SEASA and the DISTRIBUTORS hereby agrees
                to
                indemnify and hold SEASA harmless
                therefrom.

            

    

    

    Article
      13. Reports

    

    
      	13-1	
              The
                DISTRIBUTORS shall discuss with SEASA certain matters related to
                its
                marketing activity when requested by SEASA and or DISTRIBUTORS deems
                it
                necessary, and shall furnish SEASA with adequate information related
                to
                its marketing activities provided that DISTRIBUTOR retain a right
                not to
                disclose certain trade secrets a its
                discretion.

            

    

    

    
      	13-2	
              The
                DISTRIBUTORS shall promptly bring to the notice of SEASA any information
                received by it which is likely to be of interest, use or benefit
                to SEASA
                relating to the marketing of the PRODUCTS in the
                TERRITORY.

            

    

    

    
      	13-3	
              The
                DISTRIBUTORS shall, from time to time, upon the request of SEASA
                submit to
                SEASA reports relating to the distributorship. Such reports shall
                be
                submitted at least quarterly and shall include information relating
                to its
                financial status inclusive of the latest Balance Sheet and Profit
                and Loss
                Statements, total sales, sales by PRODUCTS, sales by Province within
                the
                TERRITORY, percentage of returns by PRODUCTS category, remaining
                inventory
                of the DISTRIBUTOR and the DISTRIBUTOR's suggestions and recommendations
                as to the PRODUCTS and marketing
                thereof.

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    Article
      14. Term of Agreement

    

    
      	14-1	
              Except
                if terminated in accordance to what is provided in Article 15, this
                Agreement shall remain in effect for One Year, commencing on January
                1,
                2008 and expiring on December 31, 2008. This Agreement may be renewed
                or
                extended for additional period of one (1) year thereafter by mutual
                written agreement thereof between the parties within sixty (60) days
                prior
                to the relevant expiration of this
                Agreement

            

    

    

    
      	14-2	
              All
                the rights assigned to DISTRIBUTORS by SEASA in connection with this
                Agreement shall be reverted upon expiration or termination of this
                Agreement.

            

    

    

    Article
      15. Termination

    

    
      	15-1	
              Any
                party shall have the right to terminate this Agreement, at any time,
                unconditionally and without
                cause by giving written notice to the other party within 30 day in
                advance. 

            

    

    

    
      	15-2	
              SEASA
                shall have the right to terminate this Agreement at any time by giving
                written notice to DISTRIBUTORS of any material breach of the provisions
                of
                this Agreement incurred by DISTRIBUTORS, and with respect to which
                it
                fails to rectify such breach within thirty (30) days after the receipt
                of
                a notice in writing from SEASA requiring such
                rectification.

            

    

     

    Examples
      of breach by DISTRIBUTORS include but are not limited to the
      following:

    (a)
      Failing to pay SEASA owed moneys;

    (b)
      Failing to adequately promote the PRODUCTS; or

    (c)
      Unreasonably frequent delay in issuance of order 

    

    
      	15-3	
              Any
                of the parties to this Agreement shall have the right to forthwith
                terminate this Agreement by giving written notice to the other party
                upon
                the occurrence of any of the following
                events.

            

    

    

    a)
      When
      any of the parties to this Agreement becomes insolvent or a petition of
      bankruptcy or for corporate reorganization or for any similar relief is filed
      by
      or against the other party, or a receiver is appointed with respect to any
      of
      the assets of the other party, or liquidation proceeding is commenced by or
      against the other party.

    

    b)
      When
      any of the parties to this Agreement assigns the whole or any substantial part
      of its business or assets to a third party by agreement, order of court or
      otherwise, or ceases to carry on its business.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    c)
      When
      any of the parties to this Agreement winds up, either compulsory or voluntarily,
      or merges into another company, or when DISTRIBUTORS makes a change in the
      principal management.

    

    
      	15-4	
              In
                the event of this Agreement being terminated or expired for any reason
                whatsoever, the following shall
                apply:

            

    

    

    a)
      The
      DISTRIBUTORS shall not be discharged or released from any debts or liabilities
      under this Agreement, which exist at the time of the expiration or
      termination.

    

    b)
      The
      DISTRIBUTORS shall not make any financial demands upon SEASA for compensation
      for, or refund of, its service performed under this Agreement or refund of
      its
      expenses incurred from facilities and advertisement and others.

    

    c)
      The
      DISTRIBUTORS shall not use any Trademarks or Trade names belonging to SEASA
      without written consent of SEASA except for the sale of its stocks remaining
      in
      its hands as specified in Section 11.7 hereof.

    

    
      	15-5	
              Upon
                expiration of this Agreement, SEASA shall have the option, but shall
                not
                be obligated, to repurchase from DISTRIBUTORS any PRODUCTS then in
                DISTRIBUTOR's inventory at the original cost to DISTRIBUTORS. DISTRIBUTORS
                shall then immediately ship such PRODUCTS to
                SEASA.

            

    

    

    Article
      16. Force Majeure

    

    
      	16-1	
              If
                the performance of any part of this Agreement is prevented, restricted
                or
                interfered with for any length of time by reason of governmental
                restrictions, war, civil commotions, riots, strike, lock out, lack
                of
                shipping space and acts of God such as typhoon, flood, fire or any
                other
                similar causes which are beyond the reasonable control of the parties
                hereto, the party so affected, upon giving prompt notice to the other
                parties, shall be excused from such delay or failure of performance
                to the
                extent of such prevention, restriction or interference and for such
                length
                of time. If such failure continues for a period of more than six
                (6)
                months, either party hereto shall have the rights to forthwith terminate
                this Agreement by serving a written notice to the other
                party.

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    Article
      17. Secrecy

    

    
      	17-1	
              During
                the terms of this Agreement and thereafter DISTRIBUTORS shall not
                disclose
                or divulge any information concerning the PRODUCTS or business affairs
                of
                SEASA (including but not limited to prices, discounts, terms and
                conditions of sales, customers, business affairs, PRODUCTS, or PRODUCTS
                specification) which it receives directly or indirectly from SEASA,
                or
                which it requires or develops in the course of its transactions with
                SEASA. (“Confidential Information”)

            

    

    

    
      	17-2	
              It
                is agreed that SEASA remains the owner of the Confidential Information,
                and DISTRIBUTORS can use such Confidential Information only for the
                purpose of performing under this Agreement. The obligation in this
                Section
                shall survive the termination of this Agreement for five (5) years.
                However, DISTRIBUTORS shall have no such non-disclosure obligations
                with
                respect to any portion of the received information which is now or
                which
                hereafter, through no act or failure to act on the DISTRIBUTOR ́s part,
                becomes generally known or
                available.

            

    

    

    Article
      18. Notice

    

    
      	18-1	
              Any
                notice, request, consent, offer or demand required or permitted under
                this
                Agreement must be in writing and must be sufficiently given if delivered
                in person or sent by registered airmail or cable confirmed by registered
                airmail, addressed as follows:

            

    

    

    SEASA

    Address:
      Bouchard 547 – 3 Piso Ciudad Autonoma de Buenos Aires –
Argentina

     

    DISTRIBUTORS

    Adrress:
      Infosonics Corp – 4350 Executive Drive Suite #100, San Diego, CA 92121
      EEUU

    Insfosonics
      S.A. – Avda Ponce 1302, Montevideo – Uruguay

    

    Article
      19. Waiver

    

    
      	19-1	
              The
                failure by either party to enforce any of the term or conditions
                of this
                Agreement shall not constitute a waiver of that party's right thereafter
                to enforce that or any other or condition of this
                Agreement.

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    Article
      20. Rights of Third Parties to this Agreement. Severability.

     

    
      	20-1	
              This
                Agreement and every term and condition thereof shall inure to the
                benefit
                of the parties, and shall be binding upon any successors to the parties,
                but neither party may assign this Agreement or any rights thereunder
                directly or indirectly, without the prior written consent of the
                other
                party. The nullity that might be determined as to any of the clauses
                will
                not affect the rest of the Agreement, which will stand in full force
                and
                effect in any aspect not affected by the nullity
                determined.

            

    

    

    Article
      21. Governing Law.

    

    21-1
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York, USA without reference to the principles of conflicts of
      law.

    

    21-2
      Any
      dispute, controversy or difference which may arise between the parties, out
      of
      or in relation to or in connection with this Agreement, or for the breach
      thereof shall be finally settled by arbitration in New York city, USA in
      accordance with the rules of arbitration of the American Arbitration Association
      whose award shall be final and binding upon both Parties. 

    

    21-3
      This
      Agreement constitutes the entire agreement between the parties and supersede
      all
      previous agreement, negotiations and commitments in respect thereto, and shall
      not be changed or modified in any manner, except by mutual consent in writing
      of
      subsequent date signed by duly authorized representatives of each party to
      this
      Agreement.

    

    Article
      22. Amendment

    

    
      	22-1	
              This
                Agreement may be amended only by a written instrument signed by duly
                authorized representatives of both parties and expressly stating
                that it
                is an amendment to this Agreement.

            

    

    

    Article
      23. Headings

    

    
      	23-1	
              Heading
                of article and subsections of this Agreement are for convenience
                only and
                shall not be used in construing this
                Agreement.

            

    

    

    Article
      24. Sales Meeting

     

    24-1Annual
      market and sales plans for the following one year shall be concluded at the
      end
      of each year by having a sales meeting at the place mutually agreed
      upon.

    

    IN
      WITNESS WHEREOF, the parties hereto have caused their duly authorized
      representatives to execute this Agreement as of the day and year first above
      written.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    
      	
              SAMSUNG
                ELECTRONICS 

            
	
              ARGENTINA
                S.A.

            
	 
	
              /s/
                Seung Koo Yeo

            
	
              By:
                Mr. Seung Koo Yeo

            
	
                
                President

            
	 
	
              INFOSONIC
                CORPORATION

            
	 
	
              /s/
                Joseph Ram

            
	
              By:
                Mr. Joseph Ram

            
	
                
                President

            
	 
	
              INFOSONIC
                S.A.

            
	 
	
              /s/
                Joseph Ram

            
	
              By:
                Mr. Joseph Ram

            
	
                
                President

            

    

    

    
      
        
        

      

      
        14Unassociated Document

    Exhibit 10.2

     

    EMPLOYMENT
      AGREEMENT 

     

    This
      Employment Agreement (the “Agreement”) is entered into as of this 8th day of
      April, 2008 (the “Effective Date”) by and between InfoSonics Corporation, a
      Maryland corporation (the “Company”), and Joseph Ram (“Employee”). Employee and
      Company are sometimes referred to individually as a “Party” and collectively as
      the “Parties.” 

     

    In
      consideration of the mutual covenants, promises and agreements herein contained,
      the Company and Employee hereby covenant, promise and agree to and with each
      other as follows: 

     

    1. Employment.
      The
      Company shall employ Employee and Employee shall perform services for and on
      behalf of the Company upon the terms and conditions set forth in this Agreement.
      

     

    2. Positions
      and Duties of Employment.
      Employee
      shall be required to devote his full energy, skill and best efforts as required
      to the furtherance of his managerial duties with the Company as the Company's
      Chief Executive Officer. While serving in such capacity(ies), Employee shall
      have the responsibilities, duties, obligations, rights, benefits and requisite
      authority as is customary for his position and as may be determined by the
      Board
      of Directors (the “Board”) of the Company. 

     

    Employee
      understands that his employment as Chief Executive Officer of the Company
      involves a high degree of trust and confidence, that he is employed for the
      purpose of furthering the Company's reputation and improving the Company's
      operations and profitability, and that in executing this Agreement he undertakes
      the obligations set forth herein to accomplish such objectives. Employee agrees
      that he shall serve the Company fully, diligently, competently, and to the
      best
      of his ability. Employee certifies that he fully understands his right to
      discuss this Agreement with his attorney, that he has availed himself of this
      right to the extent that he desires, that he has carefully read and fully
      understands this entire Agreement, and that he is voluntarily entering into
      this
      Agreement. 

     

    3. Duties.
      Employee
      shall perform the following services for the Company: 

     

    3.1 Employee
      shall serve as Chief Executive Officer of the Company, or in such other position
      as determined by the Board, and in that capacity shall work with the Company
      to
      pursue the Company's plans as directed by the Board. 

     

    3.2 Employee
      shall perform duties with the functions of a Chief Executive Officer, subject
      to
      the direction of the Board Of Directors (the “Board”) of the Company.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.3 During
      the term of this Agreement, Employee shall devote substantially all of
      Employee's business time to the performance of Employee's duties under this
      Agreement. Without limiting the foregoing, Employee shall perform services
      on
      behalf of the Company for at least 40 hours per week, and Employee shall be
      available at the request of the Company at other times, including weekends
      and
      holidays, to meet the needs and requests of the Company's customers.

     

    3.4 During
      the term of this Agreement, Employee will not engage in any other activities
      or
      undertake any other commitments that conflict with or take priority over
      Employee's responsibilities and obligations to the Company and the Company's
      customers, including without limitation those responsibilities and obligations
      incurred pursuant to this Agreement. 

     

    4. Term.
      Unless
      terminated earlier as provided for in this Agreement, the term of this Agreement
      shall be for four years, commencing on the Effective Date and ending on April
      8,
      2012 (the “Term”). If the employment relationship is terminated by either Party,
      Employee agrees to cooperate with the Company and with the Company's new
      management with respect to the transition of the new management in the
      operations previously performed by Employee. Upon Employee's termination,
      Employee agrees to return to the Company all Company documents (and all copies
      thereof), any other Company property in Employee's possession or control, and
      any materials of any kind that contain or embody any proprietary or confidential
      material of the Company. 

     

    5. Compensation.
      Employee
      shall receive the following as compensation: 

     

    (a) A
      salary
      at an annual rate of $325,000, subject to periodic review by the Board or the
      Compensation Committee of the Board, payable in accordance with the Company's
      customary payroll practices. 

     

    (b) At
      the
      discretion of the Board or the Compensation Committee of the Board, a
      performance-based bonus. 

     

    (c) Employer
      shall include Employee, if otherwise eligible, in any profit sharing plan,
      executive stock option plan, pension plan, retirement plan, medical and/or
      hospitalization plan, and/or any and all other benefit plans, except for
      disability and life insurance, which may be placed in effect by Employer for
      the
      benefit of Employer's executives during the Term. Except for the fact that
      Employer at all times shall provide Employee with all or at least a portion
      of
      Employee's medical and/or hospitalization insurance, which shall not be less
      than that afforded to Employer's other executives, nothing in this Agreement
      shall limit (i) Employer's ability to exercise the discretion provided to
      it under any such benefit plan, or (ii) Employer's discretion to adopt, not
      adopt, amend or terminate any such benefit plan at any time. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (d) The
      Company shall provide Employee with four weeks vacation leave per each year
      of
      Employee's employment (which vacation leave may carry over and accrue up to
      an
      aggregate of twelve weeks at any time), sick leave, medical and dental insurance
      coverage, and any other benefits consistent with Company plans and policies
      in
      effect for executive Employees from time to time. The Company may modify in
      its
      sole and absolute discretion such benefits from time to time as it considers
      necessary or appropriate, provided that any such modification shall not affect
      or modify Employee's then existing rights with respect to any previously accrued
      vacation. 

     

    (e) Any
      payments which the Company shall make to Employee pursuant to this Agreement
      shall be reduced by standard withholding and other applicable payroll
      deductions, including but not limited to federal, state or local income or
      other
      taxes, Social Security and Medicare Taxes, State Unemployment Insurance, State
      Disability Insurance, and the like. 

     

    (f) During
      the term of his employment, Employee shall be reimbursed for reasonable expenses
      that are authorized by the Company and that are incurred by Employee for the
      benefit of the Company in accordance with the standard reimbursement practices
      of the Company; provided, however, that, with respect to reimbursements, if
      any,
      not otherwise excludible from the Employee’s gross income, to the extent
      required to comply with the provisions of Section 409A of the Internal Revenue
      Code of 1986, as amended (the “Code”), no reimbursement of expenses incurred by
      the Employee during any taxable year shall be made after the last day of the
      following taxable year, and the right to reimbursement of such expenses shall
      not be subject to liquidation or exchange for another benefit.  Any direct
      payment or reimbursement of expenses shall be made only upon presentation of
      an
      itemized accounting conforming in form and content to standards prescribed
      by
      the Internal Revenue Service relative to the substantiation of the deductibility
      of business expenses. 

     

    6. Confidentiality.
      Employee
      hereby warrants, covenants and agrees that, without the prior express written
      approval of Employer or unless required by law or court order, Employee shall
      hold in the strictest confidence, and shall not disclose to any person, firm,
      corporation or other entity, any and all of Employer's data, including but
      not
      limited to (a) information, drawings, sketches, plans or other documents
      concerning Employer's business or development plans, customers or suppliers,
      (b) Employer's development, design, construction or sales and marketing
      methods or techniques, or (c) Employer's trade secrets and other “know-how”
or information not of a public nature, regardless of how such information came
      to the custody of Employee. For purposes of this Agreement, such information
      shall include, but not be limited to, information, including a formula, pattern,
      compilation, program, device, method, technique or process, that
      (i) derives independent economic value, present or potential, from not
      being generally known to, and not being readily ascertainable by proper means
      by, other persons who can obtain economic value from its disclosure or use,
      and
      (ii) is the subject of efforts that are reasonable under the circumstances
      to maintain its secrecy. The warranty, covenant and agreement set forth in
      this
      paragraph shall not expire, shall survive this Agreement, and shall be binding
      upon Employee without regard to the passage of time or other events.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    7. Non-Compete.
      Employee
      acknowledges and recognizes the highly competitive nature of the Company's
      business and that Employee's duties hereunder justify restricting Employee's
      further employment following any termination of employment. The Employee agrees
      that so long as the Employee is employed by the Company, and (i) for a
      period of two years following the termination of this Agreement, Employee,
      except when acting at the request of the Company on behalf of or for the benefit
      of the Company, will not induce customers, agents or other sources of
      distribution of the Company's business under contract or doing business with
      the
      Company to terminate, reduce, alter or divert business with or from the Company,
      and (ii) for a period of one year following the termination of this
      Agreement, Employee shall not, directly or indirectly, either as a principal,
      agent, employee, employer, consultant, partner, member or manager of a limited
      liability company, shareholder of a company that does not have securities
      registered under the Securities Exchange Act of 1934 (the “1934 Act”), or
      shareholder in excess of one percent of a company that has securities registered
      under the 1934 Act, corporate officer or director, or in any other individual
      or
      representative capacity, engage or otherwise participate in any manner or
      fashion in any business that is in competition in any manner whatsoever with
      the
      business activities of Employer, in or about any market in which Employer has,
      or has publicly announced a plan for doing business. Employee further covenants
      and agrees that the restrictive covenant set forth in this paragraph is
      reasonable as to duration, terms, and geographical area and that the same
      protects the legitimate interests of Employer, imposes no undue hardship on
      Employee, and is not injurious to the public. The covenant set forth under
      (ii) above shall not apply if Employee's employment is terminated within
      twelve months of a Change in Control as defined in of this Agreement. Ownership
      by Employee, for investment purposes only, of less than one percent of any
      class
      of securities of a corporation if said securities are listed on a national
      securities exchange or registered under the 1934 Act shall not constitute a
      breach of the covenant set forth under (ii) above. It is the desire and
      intent of the Parties that the provisions of this paragraph be enforced to
      the
      fullest extent permissible under the laws and public policies applied in each
      jurisdiction in which enforcement is sought. Accordingly, if any particular
      portion of paragraph shall be adjudicated to be invalid or unenforceable, this
      paragraph shall be deemed amended to apply in the broadest allowable manner
      and
      to delete therefrom the portion adjudicated to be invalid or unenforceable,
      such
      amendment and deletion to apply only with respect to the operation of paragraph
      in the particular jurisdiction in which that adjudication is made. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    8. Termination.

     

    
      	 	
              (a)

            	
              If
                Employee's employment is terminated by the Company without Cause
                (as
                defined below), or if Employee terminates his employment for Reasonable
                Basis (as defined below), then the Company shall, in exchange for
                Employee's execution within 45 days of the termination date of a
                general
                release and waiver of claims against the Company as of the termination
                date in a form reasonably acceptable to the Company, continue to
                pay as
                severance Employee's salary for 18 months or one-half the remaining
                term of the Agreement, whichever is greater. Such payments shall
                be made
                in accordance with the Company's customary payroll practices and
                shall be
                subject to applicable withholding and payroll deductions. Each such
                payment shall be treated as a separate payment for purposes of Section
                409A of the Code. In the event of any such termination set forth
                in this
                section 8(a), Employee will not be entitled to any additional
                compensation or benefits beyond what is provided in the first sentence
                of
                this section 8(a). 

            

    

     

    (i) For
      purposes of this Agreement, “Cause” shall mean that the Board, acting in good
      faith based upon the information then known to the Company, determines that
      Employee has engaged in or committed any of the following: willful misconduct,
      gross negligence, theft, fraud, or other illegal conduct; refusal or
      unwillingness to perform Employee's duties; performance by Employee of
      Employee's duties determined by the Board to be inadequate in a material
      respect; breach of any applicable non-competition, confidentiality or other
      proprietary information or inventions agreement between Employee and the
      Company; inappropriate conflict of interest; insubordination; failure to follow
      the directions of the Board or any committee thereof; or any other material
      breach of this Agreement. Indictment or conviction of any felony, or any entry
      of a plea of nolo contendre, under the laws of the United States or any State
      shall also be considered “Cause” hereunder. “Cause” shall be specified in a
      notice of termination to be delivered by the Company no later than the date
      as
      of which termination is effective. 

     

    (ii) For
      purposes of this Agreement, “Reasonable Basis” shall mean (A) a material
      breach of this Agreement by the Company, provided that Employee shall have
      first
      given written notice of such default to the Company and if within thirty days
      after receipt of such notice, the Company has not cured such default; or
      (B) termination of Employee's employment by the Company without Cause
      during the term hereof; or (C) a reduction in Employee's salary except to
      the extent that a majority of the other executive officers of the Company incur
      reductions of salary that average no less than the percentage reduction incurred
      by Employee; or (D) termination of the Employee's employment by the
      Employee within 12 months after a “Change Of Control,” with Change Of
      Control being defined as follows: 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Change
      in Control” shall mean any of the following: 

     

    (1) any
      consolidation or merger of Employer in which Employer is not the continuing
      or
      surviving corporation, other than a merger of Employer in which the holders
      of
      Employer common stock immediately prior to the merger own a majority of the
      voting common stock of the surviving corporation immediately after the merger;
      

     

    (2) any
      sale,
      lease, exchange or other transfer (in one transaction or a series of related
      transactions) of all or substantially all the assets of Employer; 

     

    (3) any
      approval by the stockholders of Employer of any plan or proposal for the
      liquidation or dissolution of Employer; 

     

    (4) the
      acquisition by any person or entity, or any group of persons and/or entities
      of
      a majority of the stock entitled to elect a majority of the directors of the
      Company; or 

     

    (5) subject
      to applicable law, in a Chapter 11 bankruptcy proceeding, the appointment of
      a
      trustee or the conversion of a case involving Employer to a case under a Chapter
      7 bankruptcy proceeding. 

     

    (b) In
      the
      event that Employee's employment with the Company is terminated for Cause,
      by
      reason of Employee's death or disability, or due to Employee's resignation
      or
      voluntary termination (other than for Reasonable Basis), then all compensation
      and benefits will cease as of the effective date of such termination, and
      Employee shall receive no severance benefits, or any other compensation;
      provided that Employee shall be entitled to receive all compensation earned
      and
      all benefits and reimbursements due through the effective date of termination.
      

     

    (c) Employee
      agrees that the payments contemplated by this Agreement shall constitute the
      exclusive and sole remedy for any termination of employment, and Employee
      covenants not to assert or pursue any other remedies, at law or in equity,
      with
      respect to any termination of employment. 

     

    (d) Any
      party
      terminating this Agreement shall give prompt written notice (“Notice of
      Termination”) to the other party hereto advising such other party of the
      termination of this Agreement stating in reasonable detail the basis for such
      termination. The Notice of Termination shall indicate whether termination is
      being made for Cause (if Employer has terminated the Agreement) or for
      Reasonable Basis (if the Employee has terminated the Agreement). 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (e) Notwithstanding
      anything herein to the contrary, this Agreement is intended to be interpreted
      and operated to the extent possible so that the payments set forth herein either
      shall be exempt from the requirements of Section 409A of the Code or shall
      comply with the requirements of such provision; provided however that in no
      event shall the Company be liable to the Employee for or with respect to any
      taxes, penalties or interest which may be imposed upon the Employee pursuant
      to
      Section 409A.  To the extent that any amount payable pursuant to this
      Agreement constitutes a “deferral of compensation” subject to Section 409A (a
“409A Payment”), then, if on the date of the Employee’s “separation from
      service,” as such term is defined in Treas. Reg. Section 1.409A-1(h)(1), from
      the Company (his “Separation from Service”), the Employee is a “specified
      employee,” as such term is defined in Treas. Reg. Section 1.409-1(i), as
      determined from time to time by the Company, then such 409A Payment shall not
      be
      made to the Employee earlier than the earlier of (i) six (6) months after the
      Employee’s Separation from Service; or (ii) the date of his
      death.  The 409A Payments under this Agreement that would otherwise be
      made during such period shall be aggregated and paid in one lump sum, without
      interest, on the first business day following the end of the six (6) month
      period or following the date of the Employee’s death, whichever is earlier, and
      the balance of the 409A Payments, if any, shall be paid in accordance with
      the
      applicable payment schedule provided in this Section 8.  The Employee
      hereby acknowledges that he has been advised to seek and has sought the advice
      of a tax advisor with respect to the tax consequences to the Employee of all
      payments pursuant to this Agreement, including any adverse tax consequences
      or
      penalty taxes under Code Section 409A and applicable State tax
      law.  Employee hereby agrees to bear the entire risk of any such
      adverse federal and State tax consequences and penalty taxes in the event any
      payment pursuant to this Agreement is deemed to be subject to Code Section
      409A,
      and that no representations have been made to the Employee relating to the
      tax
      treatment of any payment pursuant to this Agreement under Code Section 409A
      and
      the corresponding provisions of any applicable State income tax laws. If
      payments under this Section 8 constitute 409A Payments, references within this
      Section 8 to termination of employment shall mean Employee's "separation from
      service" as defined in Treas. Reg. Section 1.409A-1(h), including the default
      presumptions thereunder. 

     

    9. Remedies.
      If there
      is a breach or threatened breach of any provision of Section 6 or
      Section 7 of this Agreement, the Company will suffer irreparable harm and
      shall be entitled to an injunction restraining Employee from such breach.
      Nothing herein shall be construed as prohibiting the Company from pursuing
      any
      other remedies for such breach or threatened breach. 

     

    10. Severability.
      It is
      the clear intention of the Parties to this Agreement that no term, provision
      or
      clause of this Agreement shall be deemed to be invalid, illegal or unenforceable
      in any respect, unless such term, provision or clause cannot be otherwise
      construed, interpreted, or modified to give effect to the intent of the Parties
      and to be valid, legal or enforceable. The Parties specifically charge the
      trier
      of fact to give effect to the intent of the Parties, even if in doing so,
      information of a specific provision of this Agreement is required consistent
      with the foregoing stated intent. In the event that such a term, provision,
      or
      clause cannot be so construed, interpreted or modified, the validity, legality
      and enforceability of the remaining provisions contained herein and other
      application(s) thereof shall not in any way be affected or impaired thereby
      and
      shall remain in full force and effect. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    11. Waiver
      of Breach.
      The
      waiver by the Company or Employee of the breach of any provision of this
      Agreement by the other Party shall not operate or be construed as a waiver
      of
      any subsequent breach by that Party. 

     

    12. Entire
      Agreement.
      This
      document contains the entire agreement between the Parties and supersedes all
      prior oral or written agreements, if any, concerning the subject matter hereof
      or otherwise concerning Employee's employment by Employer (except for options
      to
      purchase shares of Employer's restricted stock previously granted to Employee).
      This Agreement may not be changed orally, but only by agreement in writing
      signed by the Parties. 

     

    13. Governing
      Law.
      This
      Agreement, its validity, interpretation and enforcement, shall be governed
      by
      the laws of the State of Maryland, excluding conflict of laws principles.
      Employee hereby expressly consents to personal jurisdiction in the state and
      federal courts located in San Diego, California for any lawsuit filed there
      against him by the Company arising from or relating to this Agreement.

     

    14. Notices.
      Any
      notice pursuant to this Agreement shall be validly given or served if that
      notice is made in writing and delivered personally or sent by certified mail
      or
      registered, return receipt requested, postage prepaid, to the following
      addresses: 

     

    
      	
              If to Company:

            	
               

            	
              InfoSonics
                Corporation

              4350
                Executive Drive,
Suite 100, San Diego,
CA 92121

              Attention:
                Chairperson,
Compensation
Committee

            
	
               

              If to Employee:

            	
               

               

            	
               

              To
                the address for
Employee set forth below
his
                signature.

            

    

     

    All
      notices so given shall be deemed effective upon personal delivery or, if sent
      by
      certified or registered mail, five business days after date of mailing. Either
      party, by notice so given, may change the address to which his or its future
      notices shall be sent. 

     

    15. Assignment
      and Binding Effect.
      This
      Agreement shall be binding upon Employee and the Company and shall benefit
      the
      Company and its successors and assigns. This Agreement shall not be assignable
      by Employee. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    16. Headings.
      The
      headings in this Agreement are for convenience only; they form no part of this
      Agreement and shall not affect its interpretation. 

     

    17. Construction.
      Employee
      represents he has (a) read and completely understands this Agreement and
      (b) had an opportunity to consult with such legal and other advisers as he
      has desired in connection with this Agreement. This Agreement shall not be
      construed against any one of the Parties. 

     

    18. Insurance.
      The
      company is to maintain directors' and officers' insurance in an amount
      determined reasonably by the Board of Directors of the Company. 

     

    IN
      WITNESS WHEREOF, the parties have caused this Agreement to be executed the
      day
      and year first above written. 

    

      
        	
                EMPLOYEE

              	 	
                INFOSONICS
                  CORPORATION

              
	 	 	 
	 	 	 
	
                Joseph
                  Ram, Individually

              	 	
                Abraham
                  Rosler, Executive 

              
	 	 	
                Vice
                  President

              
	
                Address:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]