Penalty Settlement Agreement Sample Contracts

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PENALTY SETTLEMENT AGREEMENT
Penalty Settlement Agreement • April 9th, 2008 • Chatsworth Data Solutions, Inc. • Computer peripheral equipment, nec • New York

This Penalty Settlement Agreement (the “Agreement”) dated as of March 10, 2008 is made between Chatsworth Data Solutions, Inc., a Nevada corporation (the “Company”), and Vision Opportunity Master Fund Ltd. (the “Majority Investor”), with respect to an Investor Rights Agreement dated as of July 31, 2006 between the Company, the Majority Investor and the other Purchasers listed on Schedule 1 attached thereto (the “Original Agreement”). Capitalized terms not defined in this Agreement shall have the meanings given them in the Original Agreement.

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