Common use of Security Assignment Clause in Contracts

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee 175,000 shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). In the event of default by the Company, Xxxxxxx X. Xxxxxxx, personally guarantees principal loan amount, plus the 6% interest. Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee 175,000 XXXX shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). In the event of default by the Company, Xxxxxxx X. Xxxxxxx, personally guarantees principal loan amount, plus the 6% interest. Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee 175,000 _______ shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). In the event of default by the Company, Xxxxxxx Wxxxxxx X. Xxxxxxx, personally guarantees principal loan amount, plus the 625% interest. Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.

Security Assignment. In addition to the repayment of the entire loan amount, Obligor hereby grants to Obligee 175,000 XXXXX shares of common stock in Winsonic Digital Media Group, Ltd. (“WDMG”). In the event of default by the Company, Xxxxxxx X. Xxxxxxx, personally guarantees principal loan amount, plus the 6% interest. Obligee acknowledges and accepts that said shares are restricted shares pursuant to Regulation 144 of the Securities Act of 1933, as amended.