Document:

STOCK
      REPURCHASE AGREEMENT

     

    This
      Stock Repurchase Agreement (this “Agreement”) is made and entered into effective
      as of December 12, 2007, by and between Red Carpet Entertainment, Inc., a Nevada
      corporation (the “Company”), and Christopher Johnson and Lissa Johnson
      (collectively, the “Stockholder”). 

     

    WHEREAS,
      the Stockholder is the record and beneficial owner of a total of 20,707,500
      shares (the “Shares”) of the Company’s common stock (post- 8.25-for-1 forward
      stock split), par value $0.001 per share (the “Common Stock”);

     

    WHEREAS,
      the Board of Directors of the Company has approved a proposed short-form merger
      agreement (the “Other Agreement”), pursuant to which the Company shall merge
      with its wholly-owned subsidiary, which Venture Beverage Company, a Nevada
      corporation, previously merged into; and

     

    WHEREAS,
      the Stockholder desires to sell to the Company and the Company desires to
      purchase from Stockholder all of the Shares for an aggregate purchase price
      of
      Sixty Thousand U.S. Dollars (US$60,000.00) (the “Purchase Price”).

     

    NOW,
      THEREFORE, in consideration of the foregoing recitals and the mutual agreements
      set forth herein, the parties hereto agree as follows: 

     

    1. Purchase
      of Shares.
      Upon
      the terms and subject to the conditions set forth in this Agreement, at Closing,
      Stockholder shall sell, transfer and deliver to the Company, and the Company
      shall purchase and accept from Stockholder, all of the Shares, free and clear
      of
      any and all charges, mortgages, pledges, security interests, restrictions,
      claims, liens, encumbrances or exceptions to title of any kind (collectively,
      “Liens”). At the Closing, Stockholder shall deliver to the Company the
      certificate or certificates representing the Shares, duly executed for transfer,
      or accompanied by stock powers duly executed in blank (with a medallion
      guarantee or such other evidence of signature as the Company’s transfer agent
      may require) transferring the Shares to the Company.

     

    2. Payment
      of Purchase Price.
      At
      the
      Closing, the Company shall pay to Stockholder the Purchase Price in good and
      immediately available funds.

     

    3. Closing.
      Subject
      to the satisfaction or waiver of the conditions set forth in Section 5 of this
      Agreement (other than conditions with respect to actions to be taken at the
      Closing), the consummation of the transactions contemplated hereby (the
“Closing”) shall take place at the offices of the Company or at such other place
      as the parties may mutually agree, simultaneously with the consummation of
      the
      transactions contemplated by the Other Agreement or such other date as the
      parties may mutually agree (the “Closing Date”).

     

    4. Representations
      of Stockholder.
      The
      Stockholder represents and warrants to the Company, as of the date hereof and
      the Closing Date, that:

     

    a.
      Stockholder
      has the legal capacity to execute, deliver and perform her obligations under
      this Agreement. This Agreement has been duly executed and delivered by
      Stockholder and is a valid and legally binding agreement of Stockholder
      enforceable against her in accordance with its terms.

     

    
      
        
        

      

      
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    b. Stockholder
      is the sole holder of record of the Shares, and is the beneficial owner of
      the
      Shares, free and clear of all Liens, and there exists no restriction on the
      transfer of the Shares to the Company. Stockholder shall deliver to the Company
      at Closing good and marketable title to the Shares free and clear of all
      Liens.

     

    c. Stockholder
      is not the record or beneficial holder of any shares of Common Stock other
      than
      the Shares.

     

    d. No
      action
      has been taken by Stockholder that would give rise to a claim against the
      Company for a brokerage commission, finder’s fee or other like payment with
      respect to the transactions contemplated by this
      Agreement.

     

    5. Conditions
      to Closing.

     

    a. The
      obligations of Stockholder at Closing are subject to her receipt of the Purchase
      Price for the Shares.

     

    b. The
      obligations of the Company at Closing are subject to its receipt of the
      certificate or certificates evidencing the Shares, duly endorsed in blank or
      accompanied by duly executed stock powers, with a medallion guarantee or such
      other evidence of signature as the Company’s transfer agent may
      require.

     

    6. Governing
      Law.
      This
      Agreement shall be governed by, and construed in accordance with, the laws
      of
      the State of Nevada without regard to conflict-of-laws rules.

     

    7. Undertakings.
      Each of
      Stockholder and the Company hereby agrees to take whatever additional action
      and
      execute whatever additional documents may be reasonably necessary or advisable
      in order to carry out or effect one or more of the provisions of this Agreement,
      including a change by the Company of its corporate name.

     

    8. Counterparts.
      This
      Agreement may be executed in counterparts, each of which shall be deemed to
      be
      an original, but all of which together shall constitute one and the same
      instrument.

     

    [Signatures
      on Following Page]

    
      
        
        

      

      
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    IN
      WITNESS WHEREOF,
      the
      parties have executed this Stock Repurchase Agreement as of the day and year
      first indicated above.

     

    
      	 	 	 
	 	  	/s/
              Christopher Johnson
	 	
              

              Christopher
                Johnson

            

    

     

    
      	 	 	 
	 	  	/s/
              Lissa Johnson
	 	
              

              Lissa
                Johnson

            

    

    

    
      	 	 	 
	 	
              RED
                CARPET ENTERTAINMENT, INC.,

              a
                Nevada corporation

            
	 
 	 
 	 
 
	 	By:  	/s/
              Christopher Johnson
	 	
              

              Christopher
                Johnson, President

            

    

     

    
      
        
        

      

      
        3Unassociated Document

    EXHIBIT
      4.1

    
 

    AMENDMENT
      NO. 2 TO

    

    PREFERRED
      STOCK RIGHTS AGREEMENT

    

    This
      Amendment No. 2 (the “Amendment”),
      dated
      effective as of December 10, 2007, to the Preferred Stock Rights Agreement,
      dated as of June 27, 2002, as amended on March 16, 2003 (as so amended, the
      “Rights
      Agreement”),
      by
      and between Genesis Microchip Inc., a Delaware corporation (the “Company”),
      and
      Mellon Investor Services LLC (the “Rights
      Agent”),
      is
      being executed at the direction of the Company.

    

    WHEREAS,
      the
      Company, STMicroelectronics N.V., a limited liability company organized under
      the laws of the Netherlands, with its corporate seat in Amsterdam, the
      Netherlands (“ST”),
      and
      Sophia Acquisition Corp., a Delaware corporation and wholly owned subsidiary
      of
      ST (“Merger
      Sub”),
      have
      determined that it is in the best interests of their respective shareholders
      for
      ST to acquire the Company;

    

    WHEREAS,
      in
      furtherance of such acquisition, the Company, ST and Merger Sub intend to enter
      into an Agreement and Plan of Merger (the “Merger
      Agreement”)
      pursuant to which, among other things, (i) Merger Sub shall commence a cash
      tender offer (the “Offer”)
      to
      purchase all of the issued and outstanding shares of common stock of the Company
      and (ii) following the consummation of the Offer, Merger Sub will be merged
      with
      and into the Company with the Company as the surviving corporation, and the
      Company will become a wholly owned subsidiary of ST (the "Merger");
      

    

    WHEREAS,
      on
      December 10, 2007, the Board of Directors of the Company resolved to amend
      the
      Rights Agreement to render the Rights inapplicable to the Offer, the Merger
      and
      the other transactions contemplated by the Merger Agreement, effective upon
      the
      execution of the Merger Agreement by the parties thereto;

    

    WHEREAS,
      Section
      27 of the Rights Agreement provides that subject to the penultimate sentence
      thereof, prior to the occurrence of a Distribution Date (as defined in the
      Rights Agreement), the Company may supplement or amend the Rights Agreement
      in
      any respect without the approval of any holders of Rights (as defined in the
      Rights Agreement) and the Rights Agent shall, if the Company so directs, execute
      such supplement or amendment; and

    

    WHEREAS,
      no Distribution Date has occurred and no person has been an Acquiring Person
      (as
      defined in the Rights Agreement).

    

    NOW,
      THEREFORE,
      in
      consideration of the foregoing and the agreements, provisions and covenants
      herein contained, the parties agree as follows, such agreement to become
      effective immediately upon, and concurrent with, the execution of the Merger
      Agreement by the parties thereto:

    

    1. Section
      1(q) of the Rights Agreement is hereby amended to read in its entirety as
      follows:

    

    “Expiration
      Date”
      shall
      mean the earliest to occur of: (i) the Close of Business on the Final Expiration
      Date, (ii) the Redemption Date, (iii) the time at which the Board of Directors
      orders the exchange of the Rights as provided in Section 24 hereof, or (iv)
      upon
      the Effective Time, as such term is defined in that certain Agreement and Plan
      of Merger, dated as of December 10, 2007 (the “Merger
      Agreement”),
      by
      and among the Company, ST Microelectronics N.V., a limited liability company
      organized under the Laws of the Netherlands, with its corporate seat in
      Amsterdam, the Netherlands (“ST”),
      and
      Sophia Acquisition Corp., a Delaware corporation and wholly owned subsidiary
      of
      ST (“Merger
      Sub”).
      The
      Company shall provide the Rights Agent with prompt written notice of the
      occurrence of the Effective Time (as defined in the Merger
      Agreement).”

    

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

     

    2. Section
      1
      of the Rights Agreement is hereby amended by adding the following new paragraph
      at the end of Section 1(a):

    

    “Notwithstanding
      anything in this Agreement that might otherwise be deemed to the contrary,
      neither ST, Merger Sub nor any of their Affiliates or Associates shall be deemed
      an Acquiring Person and none of the Distribution Date, Shares Acquisition Date,
      “flip-in” even described in Section 11 hereof, Section 13 Event or Triggering
      Event shall be deemed to occur, in each such case, by the approval, execution,
      delivery or performance of the Merger Agreement, the making of the Offer (as
      defined in the Merger Agreement), the acceptance of Common Shares for payment
      in
      exchange therefor by Merger Sub pursuant to the Offer, the acquisition of Common
      Shares pursuant to the terms of the Merger Agreement, the consummation of the
      Merger (as defined in the Merger Agreement) or the consummation of the other
      transactions contemplated by the Merger Agreement. No such event shall result
      in
      the Rights becoming evidenced by, and transferable pursuant to, certificates
      separate from the certificates representing the Common Shares, or becoming
      exercisable. In addition, no such event shall entitle or permit the holders
      of
      the Rights to exercise the Rights or otherwise affect the rights of the holders
      of Rights, including giving the holders of the Rights the right to acquire
      securities of any party to the Merger Agreement.”

    

    3. The
      Rights Agreement shall not otherwise be supplemented or amended by virtue of
      this Amendment, but shall remain in full force and effect. All defined terms
      and
      definitions in the Rights Agreement shall be the same in the Amendment except
      as
      specifically revised by the Amendment. This Amendment may be executed in one
      or
      more counterparts, all of which shall be considered one and the same amendment
      and each of which shall be deemed an original.

    

    4. The
      Rights Agent shall not be subject to, nor required to interpret or comply with,
      nor determine if any person has complied with, the Merger Agreement, even though
      references thereto may be made in this Amendment and the Rights
      Agreement.

    

    5. By
      its
      execution and delivery hereof, the Company directs the Rights Agent to execute
      this Amendment.

    

    6. This
      Amendment No. 2 shall be deemed a contract made under the laws of the State
      of
      Delaware and for all purposes shall be governed by and construed in accordance
      with the laws of such State applicable to contracts to be made and performed
      entirely within such State; except that all provisions regarding the rights,
      duties, obligations and immunities of the Rights Agent shall be governed by
      and
      construed in accordance with the laws of the State of New York applicable to
      contracts made and to be performed entirely within such State.

    

    [Signature
      Page To Follow]

    

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the
      parties hereto have caused this Amendment to be duly executed and attested,
      all
      as of the day and year first above written.

    

     

    
      
        	
                GENESIS
                  MICROCHIP INC.

              	 	
                MELLON
                  INVESTOR SERVICES LLC, 

                as
                  Rights Agent

              
	 	 	 
	 	 	 
	
                /s/
                  Elias Antoun

              	 	
                /s/
                  Sharon Magidson

              
	
                By:
                  Elias Antoun

              	 	
                By:
                  Sharon Magidson

              
	
                Title:
                  President & Chief Financial Officer

              	 	
                Title:
                  Assistant Vice President

              

      

    

    

    
      
        
        

      

      
        -3-

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