David C. Merrell
First Deltavision, Incorporated.
9005 Cobble Canyon Lane
Sandy, Utah 84093
Raymond F. Wilson, for the retention of 7,500 post-split shares of those shares of the Company presently owned
by the undersigned (following a reverse split which will reverse the outstanding securities of your Company to
200,000 shares) and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, does hereby compromise, settle and otherwise release First Deltavision, Incorporated., a Nevada
corporation ("First Deltavision," formerly, "Deltavision, Inc." [ name was not available on reinstatement]), its
directors, executive officers and agents, from and against any and all liability of any type or nature whatsoever
regarding compensation for past services, transfer of technology or otherwise, without qualification.
To the knowledge of the undersigned and during the period while he served as a director or an executive officer
of First Deltavision, the only remaining liabilities of this Company were those owed to him or StockTrans, the
Company's transfer agent, and he hereby agrees to hold First Deltavision harmless from any such other liabilities
which were incurred while he served as director, executive officer or agent of the Company.
To his personal knowledge, the Company ceased all operations on or before December 31, 1990.
The undersigned also agrees to convey 7,500 post-split shares to StockTrans in connection with the release of
liabilities of StockTrans to the Company; and any of the remaining shares of the Company owned by the
undersigned and his family members (except all smaller blocks of shares held by Wilson and Naber families) to
David C. Merrell, the Company's current President, or his designee.