Document:

Exhibit 10.33

	LIQUIDATING
AGREEMENT

This Liquidating
Agreement (Agreement) is made and entered into by and between Home Solutions
of America Inc. ("HSA") and Acstar Insurance Company ("Acstar").

WHEREAS, Acstar recovered a Judgment against HSA
in a lawsuit styled:

Cause No.
H-04-CV-534; Acstar Ins. Co. v. Home Solutions of America, f/k/a U.S. Industrial
Services, Inc.; In the U.S. District Court for the Southern District of
Texas - Houston Division (the "Lawsuit")

and

WHEREAS, the parties understand and agree that
this Agreement shall not constitute nor be construed as a waiver, a novation, an
accord and satisfaction of the Judgment in the above lawsuit, unless and until
HSA makes all payments due hereunder.

NOW, THEREFORE,
in consideration of the premises and
mutual consideration herein contained, including the recitals and conditions
set forth above, the parties agree as follows:

AGREEMENT TO
PAY

 

It is agreed that the
judgment in the above lawsuit ("Judgment") shall be satisfied as follows:

1.          HSA agrees to pay Acstar a total of ONE
MILLION FIVE HUNDRED FIFTY THOUSAND DOLLARS ($1,550,000.00) U.S. DOLLARS, free of interest, and agrees to pay that sum as follows:

A.        HSA
agrees to pay Seventy Five Thousand Dollars ($75,000.00) to Acstar Insurance by
 June 1, 2004; and

B.        HSA
agrees to pay One Hundred Seventy Five Thousand Dollars ($175,000.00) to Acstar
Insurance by July 1, 2004; and

C.        HSA
agrees to pay Fifteen Thousand Dollars ($15,000.00) to Acstar Insurance by July 9, 2004; and

D.       HSA agrees to pay
Fifteen Thousand Dollars ($15,000.00) each and every subsequent Friday, until
the unpaid balance of Judgment is fully paid.

LIQUIDATING
AGREEMENT

PAGE1

 

ADDITIONAL
AGREEMENT FOR PAYMENT

 

2.         To the
extent that it receives money
or property from Spruce Maclntyre Holdings, Inc. in connection with this
matter, HSA will net the value of same to Acstar Insurance Company within ten
days of its receipt, net of its expenses accociated with recovery those monies.

           

3.          Until all parties have signed this
Agreement, payments as set forth above shall be made to:

Williams, Cupples & Chapman IOLTA
Trust Account

f/b/o Acstar Insurance Company

1331 Gemini Ave., Suite 201

Houston, Texas 77058-2729

Such funds received
in trust will be released to Acstar Insurance Company for credit to the
Judgment after this Agreement is fully executed.

4.          After full execution of this Agreement,
payments are to be made to:

Acstar Insurance Company

233 Main Street

New Britain, CT 06051

or to such other
address as Acstar may designate in writing.

NOTICE

 

5.          Notices required or contemplated in the
Agreement shall be made by first‐class mail and by facsimile, and shall
be sent to the following address and facsimile phone number, unless another
address and facsimile phone number is designated in writing.

 

For Acstar:

Robert Frazer

Acstar Insurance Company

233 Main Street

New Britain, CT 06051

(860) 229-1111 - Facsimile

With a copy to:

 

LIQUIDATING
AGREEMENT

PAGE 2

 

James D. Cupples

Williams, Cupples & Chapman,
L.L.P.

1331 Gemini, Suite 201

Houston, Texas 77058-2729

For HSA:

Rick Justin O'Brien

Home Solutions of
America, Inc. 

c/o Fiber Seal
Fabric Care System

5565 Red Bird Center
  Drive, Suite 150

Dallas, Texas 75237

(214) 333-9435 -
Facsimile

6.         The parties agree to keep each other advised
of their  mailing  and physical addresses. 

COVENANT NOT TO
EXECUTE

7.         Acstar promises, agrees and covenants  not
to execute on, enforce, or collect the Judgment, through any manner or process,
and to withhold, abstain and refrain from any and all efforts to do so, so long
as HSA is not in default of this Agreement and has failed to cure as provided
herein.

SATISFACTION OF
THIS AGREEMENT & JUDGMENT

8.         Once Acstar has received the total amount
of ONE MILLION, FIVE HUNDRED FIFTY THOUSAND DOLLARS ($1,550,000.00) U.S.
DOLLARS, this Agreement shall immediately terminate, the Judgment shall
immediately become void, and Acstar shall immediately execute and deliver to
HSA such documents as are reasonably necessary to evidence satisfaction and
release of the Judgment upon payment in full.

9.         Acstar agrees to waive payment of
interest on the sums due under this Agreement and under the Judgment so long as
HSA makes the payments agreed to in accordance with this Agreement.  Acstar
further waives the accrual of interest under the judgment up to the day after
the date of any uncured default that may occur under the Agreement and further
covenants that its waiver of interest under the judgment and as set forth here
will survive any breach or default that may occur.

ACSTAR'S
INDEMNITY OF CLAIMS FROM UNITED COASTAL

            10.       Acstar hereby indemnifies
and holds harmless HSA from any claim, damage, or liability HSA may sustain resulting
from any claim asserted against it by United Coastal Insurance Company arising
out of the Hanford Nuclear Reservation Clean-up Project.

 

LIQUIDATING
AGREEMENT

PAGE 3

 

 

DEFAULT, CURE
& NOTICE

11.       In the event HSA  fails to make any
payment to Acstar in accordance with Paragraph 1 above, HSA will be in default
of this Agreement. Upon such default, Acstar will immediately provide written
notice to HSA in accordance with paragraph 5 above. HSA  has the right to cure
the default by causing Acstar to receive the full amount due within  ten (10) calendar
days after HSA is given written notice of default from Acstar.  Notwithstanding
the foregoing, only  five (5) separate notices of default will be given to HSA
over the life of this Agreement, and only  five (5) opportunities to cure are
allowed under this Agreement.  No act, failure to act or forbearance by either
party shall be deemed a waiver of any default or of either party's rights as
set forth in this Agreement, and shall not operate as a bar to the exercise of
any rights and remedies that either party has under this Agreement or may
subsequently have under the Judgment.

12.       If HSA defaults and fails to cure the
default, or upon the sixth default, the full unpaid principal balance of the
Judgment, free of interest, will immediately become due, and Acstar may
exercise all rights of a judgment creditor under the Judgment, with all
payments made being credited to the Judgment.

13.       Filing bankruptcy is not an event of
default under this Agreement.

LIMITED MUTUAL
RELEASE and WARRANTY OF NO KNOWN CLAIMS

14.       Acstar on its own behalf and for its
successors, assigns, attorneys, and legal representatives, affiliates, and
anyone or entity in concert or privity with them, releases and forever
discharges HSA, its successors and assigns, attorneys, and legal
representatives, from any and all claims, demands, damages, actions, causes of
action, remedies or rights to recovery, legal or equitable (including but not
limited to claims for injunctive relief, exoneration, relief qui timet,
and specific performance), known or unknown, contingent or liquidated, which
Acstar has or may  have against such parties, including but not limited to: (1)
any claims that were asserted or could have been asserted in the Lawsuit, and
(2) any claims, known or unknown, arising under that certain Indemnity
Agreement entered into on or about November 17, 1999 by and among Acstar and
U.S. Industrial Services, Inc., among others, same being the basis of Acstar's
claims in the Lawsuit.  

15.       Acstar does not here release HSA from its
payment and other obligations included in this Agreement.  Acstar does not here
release HSA from the Judgment.  Acstar further acknowledges that HSA's rights
against anyone not a party to this Agreement, remain fully and strictly
reserved.

16.       HSA on its own behalf and for its
successors, assigns, attorneys, and legal representatives, releases and
discharges Acstar, its respective successors and assigns attorneys, and legal
representatives from any and all claims, demands, damages, actions, causes of
action, which HSA may presently have against Acstar.  HSA does not here release
Acstar from its obligations included in this Agreement.  HSA further
acknowledges that Acstar's rights against anyone not a party to this Agreement,
remain fully and strictly reserved.

 

LIQUIDATING
AGREEMENT

PAGE 4

 

 

REPRESENTATION

17.       Each
of the undersigned personally represents and warrants that they have the full
right, power and authority to execute and deliver this Agreement on behalf of
their respective Party, and that no consent of any other person or entity is
necessary in order for this Agreement to be fully and completely binding upon
the Party,

SEVERABILITY

18.       In the event any portion of this
Agreement shall for any reason be held invalid, illegal, or unenforceable,
then, in such event, such portion shall be deemed voidable and severable from
this Agreement, and shall not affect the other provisions of this Agreement.

ENTIRE
AGREEMENT

19.       It is intended, understood and agreed
that this Agreement contains the entire Agreement between the parties, and
supersedes any and all prior Agreements, arrangements or understandings between
the parties relating to the subject matter.  No oral understandings,
statements, promises or inducements contrary to the terms of this Agreement
exist.  The parties acknowledge and warrant that they have read this Agreement
and fully understand it to be a liquidating agreement, which is contingent upon
full performance.

MODIFICATIONS

20.       This Agreement may not be changed or
modified orally.  No change or modification shall be effective unless
specifically agreed in writing, and signed by both parties.

ORIGINAL AND
COUNTERPARTS

21.       This Agreement may be executed in a
number of identical counterparts, each of which shall be deemed an original for
all purposes.

GOVERNING LAW
AND VENUE

22.       This Agreement will be governed by the
laws of the State of Texas.  Any disputes arising under or related to this
Agreement shall be brought in a court of competent jurisdiction in Houston,
Harris County, Texas.  Any prevailing party in any suit to enforce or interpret
this Agreement shall be entitled to recover court costs and reasonable
attorneys fees.

 

 

LIQUIDATING
AGREEMENT

PAGE 5

 

 

CONSTRUCTION

23.       The
parties to this agreement have both reviewed and revised this Agreement, and in
the event this Agreement is construed or interpreted no rule of construction
shall be utilized to resolve and affect any ambiguities against the drafter.

EFFECTIVE DATE

24.       This Agreement shall become effective on May 24, 2004.

25.       The terms of this Agreement are
contractual and not mere recitals, and that the provisions, representation,
releases, warranties and covenants in this Agreement and the consideration paid
are to compromise and buy peace.

26.       This Agreement may be executed in a
number of identical counterparts, each of which for all purposes is to be
deemed an original, and all of which collectively constitute one Agreement; and
in the event making proof of this Agreement is required, it shall not be
necessary to produce or account for any more than one counterpart.

27.       Acstar and HSA agree that facsimile
signatures shall serve in lieu of and shall have the same effect as delivered
originals.
  

LIQUIDATING
AGREEMENT

PAGE 6

 

 

 

IN WITNESS WHEREOF, the Parties execute this Agreement in
multiple originals on the dates indicated below.

ACSTAR INSURANCE COMPANY

By __________________________

      Robert H. Frazer

      Vice President

Date:___________________________

 

 

 

HOME SOLUTIONS
OF AMERICA, INC.

By
__________________________

       Rick Justin
O'Brien

      Senior Vice
President & CFO

Date:___________________________

 

 

 

 

LIQUIDATING
AGREEMENT

PAGE 7

STATE OF CONNECTICUT§

                                                                        §

COUNTY OF HARTFORD                            §

BEFORE ME, the
undersigned authority, on this day personally appeared Robert H. Frazer,
Vice President of Acstar Insurance Company, a corporation, known to me to be
the person whose name is subscribed to this Liquidating Agreement, and after
having been duly sworn, acknowledged to me that he executed the same for the
purposes and consideration expressed, in the capacity stated, and as the act
and deed of Acstar Insurance Company.

SWORN TO AND
SUBSCRIBED before me on this the ______ day of May 2004, to certify which
witness my hand and seal of office.

________________________________

NOTARY
PUBLIC - STATE OF CONNECTICUT

 

 

 

LIQUIDATING
AGREEMENT

PAGE 8

STATE OF TEXAS                                           §

                                                                          §

COUNTY OF __________                              §

BEFORE ME, the
undersigned authority, on this day personally appeared Rick Justin O'Brien,
Senior Vice President & CFO of Home Solutions of America, Inc,, a
corporation, known to me to be the person whose name is subscribed to this
Liquidating Agreement, and after having been duly sworn, acknowledged to me
that he executed the same for the purposes and consideration expressed, in the
capacity stated, and as the act and deed of Home Solutions of America, Inc.

SWORN TO AND
SUBSCRIBED before me on this the _____ day of May 2004, to certify which
witness my hand and seal of office.

_________________________________

NOTARY PUBLIC - STATE OF TEXAS

 

 

 

 

 

 

LIQUIDATING
AGREEMENT

PAGE 9Q2 2004 10Q Exhibit 10.63

EXHIBIT 10.63

TECHNOLOGY LICENSE AGREEMENT

This Technology License Agreement ("Agreement") is made
and entered into as of _________, 2004 (the "Effective Date"), by and
between Digital Video Systems, Inc., a Delaware corporation with its principal
place of business at 430 Cambridge Avenue, Suite 110, Palo Alto, California
94306("DVS"), and Enmedia, Inc., a Delaware corporation with its
principal place of business at 866 Highlands Circle, Los Altos, California 94024
("Enmedia").

RECITALS

A.DVS is the owner or licensee
of certain technology and intellectual property relating to video processing.
Jack Benkual and Fung Shi were employees of DVS during the 2003-2004 timeframe
and made contributions to DVS' technology and intellectual property during their
employment at DVS.

B.DVS and Enmedia are concurrently entering into a certain Series A
Preferred Stock Purchase Agreement, pursuant to which Enmedia shall issue shares
of Series A Preferred Stock of Enmedia to DVS and DVS agrees to grant certain
licenses to Enmedia to such technology and intellectual property .

NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements hereinafter set forth and for other good and valuable
consideration, the parties agree as follows:

AGREEMENT

1.License of Assets. 

(a)DVS hereby grants to Enmedia a non-exclusive, worldwide, perpetual,
irrevocable, royalty-free license (including the right to grant sublicenses) to
make, use, modify, reproduce, distribute, sell and otherwise exploit the
"Licensed Assets" (as identified in Exhibit A) as Enmedia sees fit
in its sole discretion.

(b)DVS shall deliver to Enmedia all tangible materials (or copies
thereof) within the Licensed Assets that are in DVS' possession or control
within thirty (30) days of the Effective Date. 

(c)DVS hereby grants to Enmedia a non-exclusive, worldwide,
perpetual, irrevocable, royalty-free license under patents now or hereafter
owned or controlled by DVS or any of its Affiliates, to make, use, sell, offer
for sale and import products that are based on the Licensed Assets. "Affiliates"
means any entity that is controlled by, controls, or is under common control
with DVS.

(d)Enmedia's rights in the Licensed Assets are limited to those
expressly granted in this Section 1. DVS reserves all other rights and licenses
in and to the Licensed Assets not expressly granted to Enmedia under this
Agreement. As between DVS and Enmedia, DVS retains title to the Licensed
Assets.

2.Warranty. DVS represents and warrants to Enmedia that: (i) DVS
has sufficient rights in the Licensed Assets to grant the licenses granted to
Enmedia herein, free and clear of all liens and encumbrances; and (ii) the
execution, delivery and performance by DVS of this Agreement will not violate
any provision or conflict with any agreement between DVS and any third
party.

3.Warranty Disclaimer. EXCEPT AS EXPRESSLY SET FORTH IN SECTION 2,
NEITHER PARTY MAKES, NOR DOES ANY PARTY RECEIVE, ANY WARRANTIES, EXPRESS,
IMPLIED OR STATUTORY, RELATING TO THIS AGREEMENT OR THE LICENSES PROVIDED
HEREIN. WITHOUT LIMITING THE FOREGOING, DVS EXPRESSLY DISCLAIMS ANY WARRANTIES
OR REPRESENTATIONS REGARDING NON-INFRINGEMENT OF PATENTS.

4.Transferability. Enmedia may assign, delegate, transfer or
sublicense any or all of its rights and duties under this Agreement to any third
party which acquires all of Enmedia's proprietary rights in the business
relating to the Licensed Assets or which is a successor in interest to Enmedia
as a result of a merger with, an acquisition of, or a sale of all or
substantially all of the assets of Enmedia.

5.Miscellaneous. This Agreement may be executed in two or more
counterparts, each of which will be deemed an original, but all of which
together will constitute one and the same instrument. This Agreement and the
Exhibits hereto constitute the entire Agreement between the parties hereto with
respect to the subject matter hereof and supersedes all other agreements,
whether written or oral, regarding the same subject matter. This Agreement may
not be modified or amended except by written agreement of the parties. If any
provision of this Agreement is deemed invalid or unenforceable, the remainder of
this Agreement will be enforced to the fullest extent permitted by law. Nothing
herein will be interpreted as creating a partnership, joint venture or other
relationship among the parties. Either party may assign any or all of this
Agreement without the consent of the other party.

IN WITNESS WHEREOF, the parties intending to be legally bound one to the
other have executed this Agreement as of the day and year first above
written.

	
DVS 

 

 

By:

Name:

Title:
	
ENMEDIA 

 

 

By:

Name:

Title:

	
 
	
 

	
 
	
 

EXHIBIT A

Licensed Assets

1. "Chip" means (i) the video DSP chip, AMP-1, including
without limitation synthesizable code for the design of the video DSP chip; and
(ii) all information, documentation, utilities, scripts, test benches, models,
netlists, mask files, compilers, firmware, drivers and other tools or technology
that can be used to further develop, build, operate, maintain, enhance or
support the video DSP chip or that is related to the video DSP chip.

2. "Work Product" means (i) all inventions (whether or not
patentable), works of authorship (including works for hire), mask works,
designs, know-how, ideas and information developed, made or conceived or reduced
to practice, in whole or in part, by Jack Benkual or Fung Shi at any time during
the course of such individuals' employment with DVS; and (ii) all documentation,
notebooks, computer logs, and other tangible manifestations of any of the
foregoing.

3. All Intellectual Property Rights in any of items 1 or 2 above.
"Intellectual Property Rights" means patent rights (including patent
applications and disclosures), rights of priority, mask work rights, copyrights,
moral rights, trade secrets, know-how and any other intellectual property rights
recognized in any country or jurisdiction of the world. Intellectual Property
Rights expressly includes Jack Benkual's invention disclosure concerning an
H.264 entropy encoder/decoder. Other than this invention disclosure, DVS
represents and warrants that it does not own any other invention disclosures,
patents or patent applications, copyright applications or registrations, or any
other registrations or applications for Intellectual Property Rights that name
either Jack Benkual or Fung Shi as an inventor, an author or a
contributor.

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