Document:

Exhibit 10.3 Consulting Agreement, Qiao Bei

    Exhibit
      10.2

    

    CONSULTING
      AGREEMENT

     

        This
      consulting agreement
      (this
“Agreement”) is made the 5th
      day
      of  June,
      2006,
      by and between AIDA
      Pharmaceuticals,Inc.,
      (the
“Company”), and Ms.
      Qiao Bei  (the
      “Consultant”).

    

    RECITALS

     

        WHEREAS,
      the
      Company wishes to engage the Consultant with respect to certain aspects of
      its
      business;

     

        WHEREAS,
      the
      Consultant is willing to make available to the Company the consulting services
      provided for in the Agreement as set forth below;

    

    AGREEMENT

     

        NOW,
      THEREFORE,
      in
      consideration of the premises and the respective covenants and agreements of
      the
      parties herein contained, the parties hereto agree as follows:

     

        1. TERM

    

    The
      term
      of this Agreement shall commence on the date hereof and end on June
      5, 2008.

        

        2. CONSULTING
      SERVICES

     

    
      	 	(a)  	
              
                Consulting
                  services.
                  Assist the Company to make new products developing and acquisition
                  plans,
                  screen and search potential targets for acquisition, offer overall
                  support
                  in the acquisition. The Consulting Services will be performed with
                  specific regard to the
                  following:

              

            

    

     

    
      	1.  	
              Collect
                refined research report on the Chinese pharmaceutical field and provide
                data/information to the management about the current status and trend
                of
                the field especially in the niche markets of the
                company;

            

    

     

    
      	2.  	
              Assist
                in making new products developing and acquisition plans for the company
                which will help the company to acquire more new drugs and pharmaceutical
                companies more efficiently, which conforms to the long run interest
                and
                strategy of the company;

            

    

     

    
      	3. 	
              Screen
                and search potential targets for acquisition and offer overall support
                in
                the acquisition including negotiation and assisting in obtaining
                required
                approval.

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (b)

            	
              Compensation.
                In
                consideration of the consulting services set forth in paragraph 2
                (a), and
                subject to the terms and conditions set forth herein the Company
                hereby
                agrees to issue to Consultant 500,000shares
                of the Company’s Common Stock (the “Shares”) and registered such shares at
                the time of initial issuance, or immediately thereafter, on Form
                S-8 under
                the Securities Act of 1933.

            

    

    
      	 	 	 

    

    
      	 	(c)	
              Issuance.
                Issuance and delivery of the Shares shall be made at the offices
                of the
                Company,
                on or before June
                10,2006 .
                On the Closing Dates, the Company shall deliver to the
                Consultant:

            

    

                  

    
      
        	 	 	(i )	the certificate or certificates evidencing
                the Shares to be issued
                to the Consultant and the respective dates, registered in the
                name of the Consultant; and 
	 	 	(ii)	evidence that the Shares have been
                registered
                on Form S-8
                to be filed upon issuance of the Shares to the Consultant, registering
                for resale thereof.

      
             

    
      	 	
              (d)

            	
              Expenses.
                During the term of the Consultant’s engagement hereunder, The Consultant
                shall be entitled to receive prompt reimbursement for all reasonable
                expenses incurred by the Consultant in performing services hereunder,
                including all travel and living expenses while away from home on
                business
                at the request of and in the service of the Company, provided that
                such
                expenses are incurred and accounted for in accordance with the policies
                and procedures established by the Company, and that any expenses
                in excess
                of $500.00 have been pre-approved in writing by the
                Company.

            

    

    

        3. CONFIDENTIAL
      INFORMATION

     

    
      	
            	
              (a)

            	Confidential Information.
              In
              connection with the providing of Consulting Services hereunder, the
              Company may provide the Consultant with information concerning the
              Company
              which the Company deems confidential (the “Confidential Information”). The
              Consultant understands and agrees that any Confidential Information
              disclosed pursuant to this Agreement is secret, proprietary and of
              great
              value to the Company, which value may be impaired if the secrecy of
              such
              information is not maintained. The Consultant further agrees that he
              will
              take reasonable security measures to preserve and protect the secrecy
              of
              such Confidential Information, and to hold such information in confidence
              and not to disclose such information, either directly or indirectly
              to any
              person or entity during the term of this agreement or any time following
              the expiration or termination hereof; provided, however, that the
              Consultant may disclose the Confidential Information to an assistant
              to
              whom disclosure is necessary for the providing of services under this
              agreement.

    

     

    
      	
            	
              (b)

            	
              Exclusions.
                For purposes of this paragraph 3, the term Confidential Information
                shall
                not include Information which (i) becomes generally available to
                the
                public other than as a result of a disclosure by the Consultant or
                his
                assistants, agents or advisors, or (ii) becomes available on a
                non-confidential basis to the Consultant from a source other than
                the
                Company or it’s advisors, provided that such source is not known to the
                Consultant to be bound by a Confidentiality agreement with or other
                obligation of secrecy to the Company or another
                party.

            

      	 	 	 

      	 	(c)	Government Order.
              Notwithstanding anything to the contrary in this Agreement, the Consultant
              shall not be precluded from disclosing any of the Confidential Information
              pursuant to a valid order of any governmental or regulatory authority,
              or
              pursuant to the order of any court or
              arbitrator.

      	 	 	 

      	 	(d)	Injunctive
              Relief.
              The Consultant agrees that, since a violation of this paragraph 3 would
              cause irreparable injury to the Company, and that there may not be
              an
              adequate remedy at law for such violation, the Company shall have the
              right in addition to any other remedies available at law or in equity,
              to
              enjoin the Consultant in a court of equity for violating the provisions
              of
              this paragraph 3.

    

     

        4.
       REPRESENTATION
      AND WARRANTIES OF THE COMPANY.

     

        The
      Company
      hereby represents and warrants to the Consultant that as of the date hereof
      and
      as of the Closing Date (after giving effect to the transactions contemplated
      hereby):

     

    
      	
            	
              (a)

            	Existence and Authority.
              The Company is a corporation duly organized and validly existing in good
              standing under the laws of its jurisdiction of incorporation and has
              full
              power and authority to own its respective property, carry on its
              respective business as no being conducted, and enter into and perform
              its
              obligations under this Agreement and to issue and deliver the Shares
              to be
              issued by it hereunder. The Company is duly qualified as a jurisdiction
              in
              which it is necessary to be so qualified to transact business as currently
              conducted. This Agreement, has been duly authorized by all necessary
              corporate action, executed, and delivered by the Company, and constitutes
              the legal, valid and binding obligation of the Company, enforceable
              against the Company in accordance with its terms subject to applicable
              bankruptcy, insolvency, reorganization, moratorium or other similar
              laws
              relating to or affecting the rights of creditors generally and to general
              principals of equity.

      	 	 	 

      	 	(b)	Authorization
              and Validity of Shares.
              The Shares have been duly authorized and are validly issued and
              outstanding, fully paid and nonassessable and free of any preemptive
              rights. The Shares are not subject to any lien, pledge, security interest
              or other encumbrance.

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	
            	
              (c)

            	 Authorization
              of Agreement.
              The Company has taken all actions and obtained all consents or approvals
              necessary to authorize it to enter into this
              Agreement.

      	 	 	 

      	 	(d)	No
              Violation.
              Neither the execution or delivery of this Agreement, the issuance or
              delivery of Shares, the performance by the Company of its obligations
              under this Agreement, nor the consummation of the transactions
              contemplated hereby will conflict with, violate, constitute a breach
              of or
              a default (with the passage of time or otherwise) under, require the
              consent or approval of or filing with any person (other than consents
              and
              approvals which have been obtained and filings which have been made)
              under, or result in the imposition of a lien on or securities interest
              in
              any properties or assets of the Company, pursuant to the charter or
              bylaws
              of the Company, any award of any arbitrator or any agreement (including
              any agreement with stockholders), instruments, order, judgment, decree,
              statute, law, rule or regulation to which the Company is party or to
              which
              any such person or any of their respective properties or assets is
              subject.

      	 	 	 

      	 	(e)	Registration.
              The Shares have been, or will be upon the filing of an S-8 Registration
              Statement, registered pursuant to the Securities Act of 1933, as amended,
              and all applicable state laws.

    

    

        5. FILINGS

     

        The
      Company
      shall furnish to the Consultant, promptly after the sending or filing thereof,
      copies of all reports which the Company sends to its equity security holders
      generally, and copies of all reports and registration statements which the
      Company files with the Securities and Exchange Commission (the “Commission”),
      any other securities exchange or the national Association of Securities Dealers,
      Inc. (“NASD”)

    

        6. SUPPLYING
      INFORMATION

     

        The
      Company
      shall cooperate with the Consultant in supplying such publicity available
      information as may be reasonably necessary for the Consultant to complete and
      file any information reporting forms.

     

        7. INDEMNIFICATION

     

    
      	
            	
              (a)

            	The Company shall indemnify the Consultant from
              and
              against any and all expenses (including attorneys’ fees), judgments,
              fines, claims, causes of action, liabilities and other amounts paid
              (whether in settlement or otherwise actually and reasonably incurred)
              by
              the Consultant in connection with such action, suit or proceeding if
              (i)
              the Consultant was made a party to any action, suit or proceeding by
              reason of the fact that the Consultant rendered advice or services
              pursuant to this Agreement, and (ii) the Consultant acted in good faith
              and in a manner reasonably believed by the Consultant to be in or not
              opposed to the interests of the Company, and, with respect to any criminal
              action or proceeding, had no reasonable cause o believe his conduct
              was
              unlawful. The termination of any action, suit or proceeding by judgment,
              order, settlement, conviction, or upon a plea of nolo
              contendere or
              its equivalent, shall not, of itself, create a presumption that the
              Consultant did not act in good faith in or not opposed to the best
              interests of the Company, and, with respect to any criminal action
              or
              proceeding, had reasonable cause to believe that his conduct was unlawful.
              Notwithstanding the forgoing, the Company shall not indemnify the
              Consultant with respect to any claim, issue or matter as to which the
              consultant shall have been adjudged to be liable for gross negligence
              or
              willful misconduct in the performance of her duties pursuant to this
              Agreement unless and only to the extent that the court in which such
              action or suit was brought shall determine upon application that, despite
              the adjunction of liability, but in view of all the circumstances of
              the
              case, the Consultant is fairly and reasonably entitled to indemnity
              for
              such expenses which such court shall deem
              proper.

      	 	 	 

      	 	(b)	The Consultant shall indemnify the Company from
              and
              against any and all expenses (including attorneys’ fees), judgments,
              fines, claims, causes of action, liabilities and other amounts paid
              (whether in settlement or otherwise actually and reasonably incurred)
              by
              the Company in connection with such action, suit or proceeding if (i)
              the
              Company was made a party to any action, suit or proceeding by reason
              of
              the fact that the Consultant rendered advice or services pursuant to
              this
              Agreement, and (ii) the Consultant did not act in good faith and in
              a
              manner reasonably believed by the Consultant to be in or not opposed
              to
              the interests of the Company, and with respect to any criminal action
              or
              proceeding, did not reasonably believe his conduct was lawful.
              Notwithstanding the foregoing, the Consultant shall not indemnify the
              Company with respect to any claim, issue or matter as to which the
              Company
              shall have been adjudged to be liable for gross negligence or willful
              misconduct in connection with the performance of the Consultant’s duties
              pursuant to this Agreement unless and only to the extent that the court
              in
              which such action or suit was brought shall determine upon application
              that, despite the adjunction of liability, but in view of all
              circumstances of the case, the Company is fairly and reasonably entitled
              to indemnify for such expenses which such court shall deem
              proper.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

        8. INDEPENDENT
      CONTRACTOR STATUS.

     

        It
      is
      expressly understood and agreed that this is a consulting agreement only and
      does not constitute an employer-employee relationship. Accordingly, the
      Consultant agrees that the consultant shall be solely responsible for payment
      of
      his own taxes or sums due to the federal, state, or local governments, overhead,
      workmen’s compensation, fringe benefits, pension contributions and other
      expenses. It is further understood and agreed that the Consultant is an
      independent contractor and the company shall have no right to control the
      activities of the Consultant other than during the express period of time in
      which the Consultant is performing services hereunder, and that such services
      provided hereunder and not because of any presumed employer-employee
      relationship. The Consultant shall have no authority to bind the
      company.

     

        The
      parties
      further acknowledge that the Consultant’s services hereunder are not exclusive,
      but that the Consultant shall be performing services and undertaking other
      responsibilities, for and with other entities or persons, which may directly
      or
      indirectly compete with the Company. Accordingly, the services of the Consultant
      hereunder are on a part time basis only, and the Company shall have no
      discretion, control of, or interest in, the Consultant’s services which are not
      covered by the terms of the Agreement. The Company hereby waives any conflict
      of
      interest which now exists or may hereafter arise with respect to Consultant’s
      current employment and future employment.

    

        9. NOTICE

     

        All
      notices
      provided by this Agreement shall be in writing and shall be given by facsimile
      transmission, overnight courier, by registered mail or by personal delivery,
      by
      one party to the other, addressed to such other party at the applicable address
      set forth below, or to such other address as may be given for such purpose
      by
      such other party by notice duly given hereunder. Notice shall be deemed properly
      given on the date of the delivery.

     

    To
      Consultant:  

     

    To
      the
Company:  

    

        10. MISCELLANEOUS

     

    
      	
            	
              (a)

            	Waiver.
              Any term or provision of this Agreement may be waived at any time by
              the
              party entitled to the benefit thereof by a written instrument duly
              executed by such party.

    

    

    
      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

    

    

    
      	
            	
              (b)

            	Entire Agreement.
              This Agreement contains the entire understanding between the parties
              hereto with respect to the transactions contemplated hereby, and may
              not
              be amended, modified, or altered except by an instrument in writing
              signed
              by the party against whom such amendment, modification, or alteration
              is
              sought to be enforced. This Agreement supersedes and replaces all other
              agreements between the parties with respect to any services to be
              performed by the Consultant of behalf of the
              Company.

    

    
      	 	 	 

    

    
      	 	(c)	Governing Law.
              This Agreement shall be construed and interpreted in accordance with
              the
              laws of the Sate of Florida.

    

    
      	 	 	 

    

    
      	 	(d)	Binding Effect.
              This Agreement shall bind and inure to the benefit of the parties hereto
              and their respective heirs, executors, administrators, successors and
              assigns.

    

    
      	 	 	 

    

    
      	 	(e)	Construction.
              The captions and headings contained herein are inserted for convenient
              reference only, are not a part hereof and the same shall not limit
              or
              construe the provisions to which they apply. References in this agreement
              to “paragraphs” are to the paragraphs in this Agreement, unless otherwise
              noted.

    

    
      	 	 	 

    

    
      	 	(f)	Expenses.
              Each party shall pay and be responsible for the cost and expenses,
              including, without limitations, attorneys’ fees, incurred by such party in
              connection with negotiation, preparation and execution of this Agreement
              and the transactions contemplated
              hereby.

    

    
      	 	 	 

    

    
      	 	(g)	Assignment.
              No
              party hereto may assign any of its rights or delegate any of its
              obligations under this Agreement without the express written consent
              of
              the other party hereto.

    

    
      	 	 	 

    

    
      	 	(h)	No Rights to Others.
              Nothing herein contained or implied is intended or shall be construed
              to
              confer upon or give to any person, firm or corporation, other than
              the
              parties hereto.

    

    
      	 	 	 

    

    
      	 	(i)	Counterparts.
              This Agreement may be executed simultaneously in two counterparts,
              each of
              which shall be deemed an original, but both of which together shall
              constitute on and the same agreement, binding upon both parties
              hereto, notwithstanding that both parties are not signatories to the
              original or the same counterpart.

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      the
      parties have executed this Agreement on the date and year first above
      written.

    

    

    THE
      “COMPANY”

    By:
       _______________________

    ITS: 
      authorized Director________

    

    THE
      “CONSULTANT”

    By: ________________________

    ITS: ________________________

     

    
 

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    Exhibit:
      

     

    
      	
              Time
                Table of Consulting Services By Ms. Qiao Bei

            
	 	 
	Period	Services
              to be performed
	June to Dec 2006 	
              Collect
                refined research report on the Chinese pharmaceutical field and provide
                data/information to the management about the current status and trend
                of
                the field especially in the niche markets of the
                company;

            
	 	 
	Jan to June 2007	
              Assist
                in making new products developing and acquisition plans for the company
                which will help the company to acquire more new drugs and pharmaceutical
                companies more efficiently, which conforms to the long run interest
                and
                strategy of the company; 

            
	 	 
	July 2007 to June 2008
	
              Screen
                and search potential targets for acquisition and offer overall support
                in
                the acquisition including negotiation and assisting in obtaining
                required
                approval.

            

    

    

     

    7Exhibit 10.1

    
      

      

    

    

    

     

    

    

    

    

    

    

    
      	 

              

              

              EXTENSION
                AGREEMENT

              

              

            

    

     

    

    

    

    

    

    PALISADES
      MASTER FUND LP

    

    and

    

    OXFORD
      MEDIA, INC.

    

    

    

    

    

    

    

    

    

    

    

    

    

    June
      30, 2006

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    EXTENSION
      AGREEMENT

    
      

      

    

    

    I

    

    PARTIES

    

    THIS
      EXTENSION AGREEMENT (the
      “Agreement”) is
      entered into effective as of the 30th
      day of
      June 2006 (the “Effective Date”), by and between PALISADES MASTER FUND LP
      (“Palisades”); and,
      OXFORD
      MEDIA, INC., a Nevada corporation (“OXMI”). OXMI and Palisades are sometimes
      referred to collectively herein as the “Parties”, and each individually as a
“Party”.

    

    II

    

    RECITALS

    

    A.    Palisades
      and OXMI are parties to that certain Bridge Loan Agreement dated as of the
      in
      February 2006 (the “Bridge Loan Agreement”), Extension Agreement dated in June
      2006 (the “Extension Agreement”) and the Exchange Agreement dated June 30, 2006
      (the “Exchange Agreement”). In connection with the Bridge Loan Agreement OXMI
      issued its promissory note in the principal amount of $1,666,667.00 in favor
      of
      Palisades (the “Note”). The Bridge Loan Agreement, the Note, the Extension
      Agreement, Exchange Agreement and all other agreements delivered by OXMI in
      connection with the Bridge Loan Agreement are collectively referred to herein
      as
      the “Loan Agreements”.

    

    B.    Payment
      of all amounts owing under the Loan Agreements (the “Required Amount”) is to be
      paid in full by OXMI to Palisades on July 3, 2006 (the “Due Date”), with payment
      being made any time thereafter constituting an Event of Default under the Loan
      Agreements 

    

    C.    Palisades
      is willing to extend (i) $666,667.00 of principal amount, (ii) plus interest
      of
      Note, and (iii) $16,667.68 of liquidated damages, for the limited period of
      time
      provided hereunder, the Due Date for the payment of Required Amount, provided
      that OXMI complies with the terms of this Agreement. The balance of the Note
      will be exchanged for a new note pursuant to the Exchange Agreement.

    

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

    

    III

    

    DEFINED
      TERMS AND INTERPRETATION

    

    3.1    Defined
      Terms in Loan Agreements.
      All
      capitalized terms used herein and not otherwise defined shall have the meanings
      assigned to such terms in the Loan Agreements.

    

    

    
      
        
           

        

        
          1

          
            

          

        

        
           

        

      

    

     

     

    3.2    Defined
      Terms in Agreement.
      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.

    

    3.2.1.    Extension
      Date.
      “Extension
      Date” means the earlier of (i) July 20, 2006; and (ii) the closing of a
      transaction with SVI.

    

    3.2.2.    Forbearance
      Default.
      “Forbearance Default” means (a) the occurrence of any Event of Default under the
      Loan Agreements other than the extension granted hereunder; (b) the failure
      of
      OXMI to comply with any term, condition, or covenant set forth in this
      Agreement; (c) any representation made by OXMI under or in connection with
      this
      Agreement shall prove to be materially false or misleading as of the date when
      made; or, (d) the filing of any petition (voluntary or involuntary) under the
      insolvency or bankruptcy laws of the United States or any state thereof, with
      respect to OXMI, any of its Affiliates, or any of its subsidiaries.

    

    3.2.3.    Obligations.
      “Obligations” means each and every of the obligations of OXMI under the Loan
      Agreements,
      which
      obligations include without limitation payment and performance of OXMI’s
      obligations under the Note.

    

    3.2.4.    Securities
      Act.
      “Securities
      Act” means the Securities Act of 1933, as amended, and the rules and regulations
      promulgated thereunder.

    

    3.2.5.    Termination
      Date.
      “Termination Date” means the earlier to occur of (i) the Extension Date; or,
      (ii) the date upon which a Forbearance Default occurs.

    

    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, (ii) 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.

    

    

    
      
        
           

        

        
          2

          
            

          

        

        
           

        

      

    

     

     

    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; (v) the
      term
“including” is not limiting and means “including without limitation”;
and,
      (vi)
      all references to all statutes, statutory provisions, regulations, or similar
      administrative provisions shall be construed as a reference to such statute,
      statutory provision, regulation, or similar administrative provision as in
      force
      at the date of this Agreement and as may be subsequently amended. 

    

    IV

    

    CONFIRMATION
      OF OBLIGATIONS AND NEW COVENANTS

    

    4.1    Absence
      of Certain Rights.
      OXMI
      hereby acknowledges and agrees that as of the Effective Date, OXMI does
      not
      have any offsets, defenses or claims against Palisades,
      affiliates, officers, directors, employees, agents, attorneys, predecessors,
      successors or assigns whether asserted or unasserted. OXMI
      and
      each of its respective successors, assigns, parents, subsidiaries, affiliates,
      predecessors, employees, agents, heirs, executors, as applicable, jointly and
      severally, release and forever discharge Palisades,
      affiliates, officers, directors, employees, agents, attorneys, predecessors,
      successors and assigns, both present and former (collectively the “Palisades
      Affiliates”) of and from any and all manner of action and actions, cause and
      causes of action, suits, debts, controversies, damages, judgments, executions,
      claims and demands whatsoever, asserted or unasserted, in law or in equity
      which
      against Palisades
      and/or Palisades Affiliates they ever had, now have or which any of OXMI’s
      successors, assigns, parents, subsidiaries, affiliates, predecessors, employees,
      agents, heirs, executors, as applicable, both present and former ever had or
      now
      has, upon or by reason of any manner, cause, causes or thing whatsoever,
      including, without limitation, any presently existing claim or defense whether
      or not presently suspected, contemplated or anticipated. The
      provision of this Section 4.1 shall survive the termination of this Agreement,
      Loan Agreements, and the payment in full of the Obligations.

    

    
      
        
           

        

        
          3

          
            

          

        

        
           

        

      

    

    

    

    4.2    Continued
      Effectiveness.
      Except
      as otherwise expressly set forth in this Agreement, the terms of each of the
      Loan Agreements remain unchanged, and all such Loan Agreements shall remain
      in
      full force and effect and are hereby confirmed and ratified. OXMI shall continue
      to perform and observe all terms and conditions of each of the Loan Agreements.
      

     
      

    4.3    No
      Novation.
      This
      Agreement shall not be deemed or construed to be a satisfaction, reinstatement,
      novation, or release of any of the Loan Agreements, or, except as otherwise
      expressly provided herein, a waiver by Palisades of any of its rights or
      remedies under any of the Loan Agreements, at law or in equity.

    

    4.4    Reaffirmation.
      OXMI
      hereby reaffirms each and every covenant, condition, obligation, and provision
      set forth in each of the Loan Agreements, as modified under this
      Agreement.

    

    4.5    Reimbursement.
      OXMI
      agrees to
      pay to
Palisades
      upon demand (a) an amount equal to any and all out-of-pocket costs or expenses
      (including legal fees) incurred or sustained by Palisades
      in connection with the preparation and negotiation of this Agreement and all
      related matters; and (b) from time to time after the Termination Date, any
      and
      all out-of-pocket costs, fees and expenses (including legal fees) and reasonable
      consulting, accounting, appraisal and other similar professional fees and
      expenses) hereafter incurred or sustained by Palisades
      in connection with the preservation of or enforcement of any rights of
Palisades
      under this Agreement, or in respect of any of OXMI’s obligations to
      Palisades, all of which shall be deemed reasonable.

    

    4.7    Other
      Covenants.
      OXMI
      agrees that it shall comply with the following covenants, any breach of which
      shall constitute an immediate Forbearance Default:

    

    a.    OXMI
      shall pay
      to
      Palisades principal in the amount of $666,667.00 no later than July 20,
      2006.

    

    b.    OXMI
      shall pay to Palisades all accrued and unpaid interest on the amount of $666,667
      no later than July 20, 2006.

    

    c.    OXMI
      shall pay to Palisades all liquidated damages in the amount of $16,666.68 no
      later than July 20, 2006.

    

    d.    OXMI
      hereby agrees to lower
      the
      conversion price on the Series A Convertible Preferred Stock issued to Palisades
      by OXMI from $1.50 to $1.00.

    e.    OXMI
      shall file a Form 8-K with the Securities and Exchange Commission No later
      than
      12:00 pm, Wednesday July 5, 2006 disclosing the terms of Loan
      Agreements.

    

    f.
    OXMI
      shall pay to Sichenzia Ross Friedman Ference LLP legal fees in the amount of
      $2,000 no later than July 20, 2006.

    

    g.    OXMI
      shall file a registration statement as required by its next round of financing
      but in no event later than September 20, 2006 covering the additional shares
      of
      common stock as required by the Registration Rights Agreement relating to the
      Series A Convertible Preferred Stock held by Palisades.

     

    
 

    
      
        
           

        

        
          4

          
            

          

        

        
           

        

      

    

    

    

    V

    

    AGREEMENT
      TO EXTEND

    

    5.1    Extension.
      Provided that no Forbearance Default occurs, Palisades hereby agrees to refrain
      through the Termination Date from exercising any of its rights and remedies
      under any of the Loan Agreements that may exist solely by virtue of the granting
      of the Extension Date. 

    

    5.2    Retained
      Rights.
      Except
      as expressly provided herein, the execution and delivery of this Agreement
      shall
      not: (a) constitute an extension, modification, or waiver of any aspect of
      any
      of the Loan Agreements; (b) extend the terms of any of the Loan Agreements
      or
      the due date of any of the Obligations; (c) give rise to any obligation on
      the
      part of Palisades to extend, modify, or waive any term or condition of any
      of
      the Loan Agreements; (d) give rise to any defenses or counterclaims to the
      right
      of Palisades to compel payment of the Obligations or to otherwise enforce their
      rights and remedies under the Loan Agreements; or, (e) establish a custom or
      course of dealing between or among OXMI and Palisades. Except as expressly
      limited herein, Palisades hereby expressly reserves all of its rights and
      remedies under the Loan Agreements and under applicable law. 

    

    VI

    

    REPRESENTATIONS
      AND WARRANTIES

    

    6.1    OXMI.
      OXMI
      hereby represents
      and warrants to Palisades as follows as of the Effective Date:

    

    (a)    The
      execution, delivery, and performance of this Agreement by OXMI is within OXMI’s
      corporate power and has been duly authorized by all necessary corporate
      action.

    

    (b)    This
      Agreement constitutes a valid and legally binding agreement enforceable against
      OXMI in accordance with its terms subject to the effects of bankruptcy,
      insolvency, fraudulent conveyance, and other laws affecting creditors’ rights
      generally and to general equitable principals.

    

    (c)    Each
      of
      the Loan Agreements constitutes a valid and legally binding obligation of OXMI,
      enforceable against OXMI in accordance with the terms thereof subject to the
      effects of bankruptcy, insolvency, fraudulent conveyance, and other laws
      affecting creditors’ rights generally and to general equitable
      principals.

     

     

    
 

    
      
        
           

        

        
          5

          
            

          

        

        
           

        

      

    

     

     

    VII

    

    NOTICES

    

    All
      notices, requests, demands and other communications required or permitted to
      be
      given hereunder shall be effected pursuant to Section 8.10, below, to the
      addresses provided under the Bridge Loan Agreement. 

    

    VIII

    

    ADDITIONAL
      PROVISIONS

    

    8.1    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. 

    

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

     

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

    

    8.4    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
      New York. 

    

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

    

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

    

    8.7    Remedies.

    

    8.7.1.    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.

     

    
 

    
      
        
           

        

        
          6

          
            

          

        

        
           

        

      

    

     

     

    8.7.2.    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.

     

    8.8    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.

    

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

    

    8.10
          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.

    

    8.11 
         Time.
      All
      Parties agree that time is of the essence as to this Agreement.

    

    IX

    

    EXECUTION

    

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

    

    
      	
              PALISADES:

            	
              OXMI:

            
	 	 
	
              PALISADES
                MASTER FUND LP

            	
              OXFORD
                MEDIA, INC.

            
	 	 
	
               

            	 
	 	 
	
              BY:
                __________________________________

            	
              BY:
                __________________________________

            
	 	 
	
              NAME:
                _______________________________

            	
              NAME:
                _______________________________

            
	
               

            	 
	
              TITLE:
                _______________________________

            	
              TITLE:
                _______________________________

            
	 	 
	
              DATED:
                ______________________________

            	
              DATED:
                ______________________________

            

    

    
 

     

     

     

     

     

     7

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