I/Omagic Corp Watch

from 8-K 1 page Amendment to Loan Documents

from 8-K ~20 pages Loan and Security Agreement

from 8-K 1 page Termination Agreement This Termination Agreement (The "Termination Agreement") Is Entered Into and Effective as of June 6, 2005, by and Between Lung Hwa Electronics Co., Ltd. Hereafter Referred to as "Lhe") a Taiwan Corporation Having Its Office and Principal Place of Business at 3f, 248, Pei Sheng Rd. SEC. 3, Sheng Keng, Taipei Hsien, Taiwan, R. O. C., and I/Omagic Corporation (Hereafter Referred to as "Iomc"), a Nevada Corporation, Having Its Office and Principal Place of Business at 4 Marconi, Irvine, Ca 92618. Recitals Whereas, Lhe and Iomc Have Entered Into an Agreement Dated January 23, 2003 (The "2003 Agreement"), in Which Lhe Provided Iomc With a Trade Credit Facility of Up to $10,000,000 and Lhe Agreed to Serve as the International Purchasing Office for Iomc; Now, Therefore, in Consideration of Their Mutual Covenants, and for Other Good and Valuable Consideration, the Adequacy of Which Is Hereby Acknowledged and Agreed, the Parties Hereto Hereby Agree as Follows: A. Lhe and Iomc Mutually Agree to Terminate the 2003 Agreement Effective as of June 6, 2005 (The "Effective Date") and Waive Any Notice Requirements for Termination Under the 2003 Agreement. B. the Termination of the 2003 Agreement on the Effective Date Shall Not Affect Any of the Rights or Obligations of Either Party Established Prior to Such Effective Date. in Witness Whereof, the Parties Hereto Have Executed This Agreement by Their Duly Authorized Representatives on the Date Stated Above. I/Omagic Corporation Lung Hwa Electronics Co., Ltd. /S/Tony Shahbaz /S/ Peter Pai By: Tony Shahbaz By: Peter Pai Its: President and CEO Its: CEO

from 8-K 1 page Collateral Assignment I/Omagic Corporation ("Borrower"), on March 9, 2005, Hereby Grants a Security Interest in and Collaterally Assigns to Gmac Commercial Finance LLC All of Its Right, Title and Interest in and Security Interests and Liens Arising as a Result Of, the Following: 1. Agreement Dated February 20, 2003 Between Borrower and Iom Holdings, Inc. ("Iom"); 2. Secured Promissory Note Dated March __ 2003 (Sic.) Executed by Iom in Favor of Borrower in the Original Principal Amount of $1,000,000; 3. Security Agreement Dated March 19, 2003 Between Borrower and Iom; and 4. All Ucc Financing Statements Filed With the Nevada Secretary of State and Recordings in the U.S. Patent and Trademark Office ("Uspto") in Connection With the Above. Borrower Hereby Grants Lender a Power of Attorney to Prepare, Sign on Borrower's Behalf and File Any Ucc Assignments and Uspto Assignments and Related Documents Lender Deems Appropriate to Secure the Rights Being Granted and Assigned Hereunder. This Collateral Assignment and Lender's Rights Hereunder Shall Be Subject to the Terms of the Loan and Security Agreement of Even Date Between Lender and Borrower. I/Omagic Corporation By: /S/ Tony Shahbaz Tony Shahbaz, President

from 8-K ~50 pages Iomagic Gmac Loan & Security Agreement

from 10-Q ~20 pages United National Bank Business Loan Agrt

from 10-K ~5 pages Rider to Chinatrust Business Loan

from 10-K ~20 pages Chinatrust Bank Business Loan Agreement