Document:

Unassociated Document

    Exhibit
      10.4

    

    Digital
      Media Group, Ltd.

    
      	
              101
                Marietta Street, NW, Centennial Tower, Suite 2600. . .. . .Atlanta,
                Georgia 30303

              Phone:
                404-230-5705. . .Fax: 404-230-5710

            

    

    

    August
      9,
      2006

    

    

    Gary
      B.
      Peterson

    4760
      south Highland Drive, #234

    Salt
      Lake
      City, UT 84117

    

    Dear
      Mr.
      Peterson:

    

    I
      am
      pleased to confirm the terms of your employment in the position as V.P. of
      Accounting Compliance and Disclosure for WinSonic Digital Media Group, LTD
      (“WinSonic”), reporting to Winston
      Johnson, Chairman and CEO.
      

    

    As
      VP of
      Accounting Compliance and Disclosure, you will be required to: 

    

    	a.  	
            Assist
              the Company in creating accounting procedures to satisfy SOX reporting
              requirements. 

          

    	b.  	
            Direct
              the preparation of quarterly, annual and intra-period reports as required.
              

          

    	c.  	
            Identify,
              organize and participate in a standing committee which would be involved
              in reviewing the disclosure aspects of material events such as
              acquisitions, material contracts (both as vendor and as customer),
              senior
              management changes, employee benefit plans,
              etc..

          

    	d.  	
            Participate
              as a member of the standing committee to review the economics of
              acquisitions, as well as, disclosure obligations. This Committee would
              work with potential acquirees to budget and project the impact of the
              acquisitions. The committee would also assist in proposing transitional
              steps. 

          

    	e.  	
            Design
              accounting procedures to provide monthly internal accounting reports.
              Additionally, you will assist in identifying and creating Board of
              Director reports. 

          

    

    Immediate
      matters to be resolved upon accepting this position will include, but are not
      limited to, the following:

    

    1.
      Planning the preparation and completion of 1st
      and
      2nd
      Quarter
      SEC filings;

    

    2.
      Identifying the events to be included in the Form 8K; 

    

    3.
      Discuss the status of the project with outside auditors; and 

    

    4.
      Develop a Schedule with names, dates and assignments.

    

    Compensation

    

    Your
      base
      salary is $100,000 per annum and you agree to defer $5,500 per month of base
      salary until the next funding occurs and the company is on the OTCBB.
Additionally
      you will be eligible for an annual incentive bonus ("Incentive Bonus") with
      payout potentials of 50% of base pay for achievement of annual target
      performance goals and payout potentials of 100% of base pay for achievement
      of
      annual stretch performance goals. Further, your annual salary and bonus plan
      shall be subject to annual review and upward adjustment based on
      performance.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Stock
      Options

    

    You
      will
      receive qualified incentive stock options to purchase 150,000 shares of Common
      Stock granted today at an exercise price of $1.00 per share, in accordance
      with
      WinSonic’s Employee Stock Option Plan. The option grant will be made pursuant to
      the terms of a standard option agreement and vests as follows: 10% shall vest
      immediately upon your delivery of a counter-signed copy of this offer letter
      to
      WinSonic; and the remaining 90% of which shall vest at the rate of
      1/12th
      per
      month for 12 months. In the event of a change of control, sale of the company
      or
      termination without cause (or you resign with good reason), any unvested stock
      options will vest immediately.

     

    Benefits

    

    You
      are
      eligible for participation in our benefits plans, which includes medical,
      dental, and company paid life insurance. Additionally you will be able to
      participate in other benefit plans as they are implemented. These would include
      deferred compensation, long-term incentive compensation, and 401K. You will
      be
      entitled to four (4) weeks paid vacation each year.

     

    Obligations

    

    During
      the period of your employment under this Agreement, you shall devote your full
      business efforts and time to WinSonic. This obligation, however, shall not
      preclude you from engaging in such personal, noncompetitive business, civic,
      charitable and/or religious activities as you may deem appropriate, provided
      that the activities do not materially interfere or conflict with your
      responsibilities to, or your ability to perform your duties of employment by,
      WinSonic under this Agreement. 

    

    Termination
      With or Without Cause; Resignation for Good Reason

    

    For
      purposes of this agreement, “cause” shall mean termination based upon the
      occurrence of one or more of the following which, if curable, is not cured
      within 14 days after the receipt of written notice to you by WinSonic specifying
      with reasonable particularity such failure: (1) material neglect or malfeasance
      of your duties which is materially detrimental to the company, (2) material
      violation of lawful company policies or directives which is materially
      detrimental to the company, (3) dishonesty or other misconduct which is
      materially detrimental to the company, or (4) conviction or nolo contendre
      plea
      of a felony. 

    

    For
      purposes of this agreement, “good reason” shall exist only if WinSonic fails to
      correct, after 14 days written notice from you to WinSonic specifying
      with reasonable particularity the reasons you consider this clause to have
      been
      violated,
      one of
      the following: (1) the reduction or deferral of your base salary without prior
      written agreement by you, or (2) the reduction of your responsibilities or
      removal of adequate administrative and/or technical support for your position,
      in any case without prior written agreement by you. 

    

    You
      are
      in our executive severance plan as follows: (a) If employment is terminated
      for cause or voluntarily resign without good reason, will receive base salary
      prorated through the date of termination. (b) If employment is terminated
      without cause or you resign with good reason will receive base salary and earned
      bonus for the year in which such termination occurs prorated through the date
      of
      such termination, plus continuation of base salary, benefits and target bonus
      for twelve (12) months thereafter.

    

    At-will
      employment

    

    Please
      understand that this letter does not constitute a contract of employment for
      any
      specific period of time, but will create an “employment at will” relationship
      that may be terminated at any time by you or WinSonic with or without cause,
      good reason, or with or without notice.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Confidential
      Information; Nondisclosure

    

    As
      an
      employee of WinSonic, it is likely that you will become knowledgeable about
      confidential and/or proprietary information related to the operations, products
      and services of WinSonic. To protect the interests of WinSonic, all employees
      are required to treat WinSonic’s confidential information as being strictly
      confidential and not to use or disclose such information except in furtherance
      of WinSonic’s business.

    

    Non-competition

    

    You
      agree
      that, as long as you are employed by WinSonic pursuant to this Agreement, you
      will not engage in, or have any direct or indirect interest in any person,
      firm,
      corporation or business (whether as an employee, officer, director, agent,
      partner or otherwise) that is directly competitive with the business of
      WinSonic. Notwithstanding the preceding sentence, you may own not more than
      20%
      of the securities of any company, private or publicly traded.

    

    Complete
      Agreement

    

    You
      further understand and agree that this offer letter contains a full and complete
      statement of the agreements and understandings that it recites, that no one
      has
      made any promises or commitments to you contrary to the foregoing, and that
      this
      letter supersedes all prior agreements, understandings, and representations
      concerning employment with WinSonic, whether written or oral, express or
      implied. In the event that any provision hereof shall be adjudicated to be
      invalid or unenforceable, this Agreement shall continue in full force and effect
      without said provision or the Agreement may be amended by the adjudicator to
      revise the scope of those provisions so as to render them enforceable under
      applicable law.

    

    I
      am
      confident that your contribution to WinSonic’s success will be significant.

    

    

    /s/
      Winston
      Johnson                              

    Winston
      Johnson        

    Chairman
      & Founder,  

    WinSonic
      Digital Media Group, LTD.     

     

     

    /s/
      Gary
      Peterson                                    

    Gary
      B.
      Peterson

    VP
      of
      Accounting Compliance and Disclosure

    WinSonic
      Digital Media Group, LTD.Unassociated Document

    Exhibit
      10.5

    

    Digital
      Media Group, Ltd.

    
      	
              101
                Marietta Street, NW...Centennial Tower...Suite 2600. . .Atlanta, Georgia
                30303

              Phone:
                404-230-5705. . .Fax: 404-230-5710

            

    

    

    

    August
      14, 2006        

    

    Darrin
      Johnson

    210
      Easton Drive, SW

    Atlanta,
      Georgia 30331

    

    Dear
      Mr.
      Johnson:

    

    I
      am
      pleased to confirm the terms of your employment in the position as Vice
      President of Finance for WinSonic Digital Media Group, LTD (“WinSonic”),
      reporting to Winston
      Johnson, Chairman and CEO.
      

    

    As
      VP of
      Finance, your duties shall include, but is not limited to, the following:

    

    	a.  	
            Planning
              the preparation and completion of the 2nd
              Quarter SEC filings.

          

    	b.  	
            Assisting
              the Company in creating accounting procedures to satisfy SOX reporting
              requirements. 

          

    	c.  	
            Directing
              the preparation of quarterly, annual and intra-period reports as required.
              

          

    	d.  	
            Participating
              as a member of the standing committee to review the economics of
              acquisitions, as well as, disclosure obligations. This Committee would
              work with the potential acquirees to budget and project the impact
              of the
              acquisition. The committee would also assist in proposing transitional
              steps. 

          

    	e.  	
            Designing
              accounting procedures to provide monthly internal accounting reports.
              Additionally, you will assist in identifying and creating Board of
              Director reports. 

          

    

    Compensation

    

    Your
      base
      salary is $100,000 per annum and you agree to defer $2,500 per month of your
      base salary until the next funding occurs and the company is on the OTCBB.
      Additionally you will be eligible for an annual incentive bonus ("Incentive
      Bonus") with payout potentials of 50% of base pay for achievement of annual
      target performance goals and payout potentials of 100% of base pay for
      achievement of annual stretch performance goals. Further, your annual salary
      and
      bonus plan shall be subject to annual review and upward adjustment based on
      performance.

    

    Stock
      Options

    

    You
      will
      receive qualified incentive stock options to purchase 150,000 shares of Common
      Stock granted today at an exercise price of $1.00 per share, in accordance
      with
      WinSonic’s Employee Stock Option Plan. The option grant will be made pursuant to
      the terms of a standard option agreement and vests as follows: 10% shall vest
      immediately upon your delivery of a counter-signed copy of this offer letter
      to
      WinSonic; and the remaining 90% of which shall vest at the rate of
      1/12th
      per
      month for 12 months. In the event of a change of control, sale of the company
      or
      termination without cause (or you resign with good reason), any unvested stock
      options will vest immediately.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Additional
      Stock Options

    

    You
      have
      been granted 50,000 shares of stock options today at an exercise price of $.01,
      which vest 1/3 immediately, 1/3 at the closing of the next round of funding,
      and
      the remaining 1/3 when the company’s common stock resumes trading on the
      OTCBB.

    

    Benefits

    

    You
      are
      eligible for participation in our benefits plans, which includes medical,
      dental, and company paid life insurance. Additionally you will be able to
      participate in other benefit plans as they are implemented. These would include
      deferred compensation, long-term incentive compensation, and 401K. You will
      be
      entitled to four (4) weeks paid vacation each year.

     

    Obligations

    

    During
      the period of your employment under this Agreement, you shall devote your full
      business efforts and time to WinSonic. This obligation, however, shall not
      preclude you from engaging in such personal, noncompetitive business, civic,
      charitable and/or religious activities as you may deem appropriate, provided
      that the activities do not materially interfere or conflict with your
      responsibilities to, or your ability to perform your duties of employment by,
      WinSonic under this Agreement. 

    

    Termination
      With or Without Cause; Resignation for Good Reason

    

    For
      purposes of this agreement, “cause” shall mean termination based upon the
      occurrence of one or more of the following which, if curable, is not cured
      within 14 days after the receipt of written notice to you by WinSonic specifying
      with reasonable particularity such failure: (1) material neglect or malfeasance
      of your duties which is materially detrimental to the company, (2) material
      violation of lawful company policies or directives which is materially
      detrimental to the company, (3) dishonesty or other misconduct which is
      materially detrimental to the company, or (4) conviction or nolo contendre
      plea
      of a felony. 

    

    For
      purposes of this agreement, “good reason” shall exist only if WinSonic fails to
      correct, after 14 days written notice from you to WinSonic specifying
      with reasonable particularity the reasons you consider this clause to have
      been
      violated,
      one of
      the following: (1) the reduction or deferral of your base salary without prior
      written agreement by you, or (2) the reduction of your responsibilities or
      removal of adequate administrative and/or technical support for your position,
      in any case without prior written agreement by you. 

    

    You
      are
      in our executive severance plan as follows: (a) If employment is terminated
      for cause or voluntarily resign without good reason, will receive base salary
      prorated through the date of termination. (b) If employment is terminated
      without cause or you resign with good reason will receive base salary and earned
      bonus for the year in which such termination occurs prorated through the date
      of
      such termination, plus continuation of base salary, benefits and target bonus
      for twelve (12) months thereafter.

    

    At-will
      employment

    

    Please
      understand that this letter does not constitute a contract of employment for
      any
      specific period of time, but will create an “employment at will” relationship
      that may be terminated at any time by you or WinSonic with or without cause,
      good reason, or with or without notice.

    

    Confidential
      Information; Nondisclosure

    

    As
      an
      employee of WinSonic, it is likely that you will become knowledgeable about
      confidential and/or proprietary information related to the operations, products
      and services of WinSonic. To protect the interests of WinSonic, all employees
      are required to treat WinSonic’s confidential information as being strictly
      confidential and not to use or disclose such information except in furtherance
      of WinSonic’s business.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Non-competition

    

    You
      agree
      that, as long as you are employed by WinSonic pursuant to this Agreement, you
      will not engage in, or have any direct or indirect interest in any person,
      firm,
      corporation or business (whether as an employee, officer, director, agent,
      partner or otherwise) that is directly competitive with the business of
      WinSonic. Notwithstanding the preceding sentence, you may own not more than
      20%
      of the securities of any company, private or publicly traded.

    

    Complete
      Agreement

    

    You
      further understand and agree that this offer letter contains a full and complete
      statement of the agreements and understandings that it recites, that no one
      has
      made any promises or commitments to you contrary to the foregoing, and that
      this
      letter supersedes all prior agreements, understandings, and representations
      concerning employment with WinSonic, whether written or oral, express or
      implied. In the event that any provision hereof shall be adjudicated to be
      invalid or unenforceable, this Agreement shall continue in full force and effect
      without said provision or the Agreement may be amended by the adjudicator to
      revise the scope of those provisions so as to render them enforceable under
      applicable law.

    

    I
      am
      confident that your contribution to WinSonic’s success will be significant.

    

    

    /s/
      Winston
      Johnson                              

    Winston
      Johnson        

    Chairman
      & Founder,  

    WinSonic
      Digital Media Group, LTD.     

    

     

    /s/
      Darrin
      Johnson                                  

    Darrin
      Johnson

    VP
      of
      Finance

    WinSonic
      Digital Media Group, LTD.

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