EXHIBIT 10.4

SERVICES AGREEMENT

THIS SERVICES AGREEMENT (this “Agreement”) is made as of this 11th day of August
2009 by and between Access Integrated Technologies, Inc. d/b/a Cinedigm Digital
Cinema Corp. (the “Company”) and Aquifer Capital Group, LLC (“Aquifer”).

R E C I T A L S

WHEREAS, the Company desires to engage Aquifer to perform certain services for
the Company, and Aquifer desires to accept such engagement, pursuant to this
Agreement upon the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained herein, the parties hereto agree as follows:

1.           Scope of Services.  During the Term (as defined below), Aquifer
shall  provide financial advisory services (the “Services”) for a proposed
transaction (the “Transaction”) pursuant to which the Company intends
to  repurchase or otherwise modify the Company’s outstanding 10% Senior Notes
due 2010 (the “Notes”). The Services provided by Aquifer shall include the
negotiation of the Transaction  with the holders of the Notes and the
structuring of the Transaction, at the request and direction of the Company,
pursuant to the terms and conditions of this Agreement.  Aquifer shall devote
its time and effort reasonably required to the performance of the Services and
shall be available for calls and/or meetings with the Company and/or the holders
of the Notes as reasonably requested from time to time by the Company.

2.           Term.  The term ("Term") of this Agreement shall commence on the
date of this Agreement and continue through and until the earlier of (i) the
consummation of the Transaction or (ii) August 14, 2009, unless sooner
terminated pursuant to this Agreement.

3.           Compensation; Expenses.

(a)           As compensation for the Services, upon consummation of the
Transaction, the Company shall pay Aquifer a fee equal to 200,000 shares of the
Company’s Class A Common Stock (the “Common Stock”), 100,000 of which shares
will be issued to Adam M. Mizel and 100,000 of which shares will be issued to
Aquifer Opportunity Fund, L.P.

(b)           The Company shall reimburse Aquifer for its direct out-of-pocket
reasonable expenses arising from Aquifer’s provision of the Services;
provided  that such expenses have been prior approved in writing by the Company.

4.           Termination.  Upon expiration of the Term without the Transaction
having been consummated, the Parties may agree in writing to extend the
Term.  Upon termination of this Agreement upon expiration of the Term, whether
or not so extended, without the Transaction having been consummated, the Company
shall only be obligated to pay Aquifer any expenses
 
 
 

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incurred prior to such termination pursuant to Section 3(b) of this Agreement,
but not any compensation.

5.           Confidential Information.

(a)           In connection with the performance of the Services, the Company
may disclose to Aquifer certain confidential and proprietary data and
information.  Aquifer agrees that the following terms and conditions shall apply
to the delivery, disclosure and use of certain technology, know-how, data and/or
other information relating to the Company’s (or any affiliate’s) current and/or
proposed products or services, including, but not limited to, the Company’s
research, products, services, compilations, techniques, development efforts,
inventions, processes, designs, drawings, marketing or finances, and all other
information (the “Confidential Information”) disclosed by the Company to
Aquifer; provided that (i) any Confidential Information disclosed in written or
other tangible form is marked as confidential, and (ii) all oral and/or
intangible disclosures shall be deemed to include Confidential Information
unless expressly confirmed in writing to not be Confidential
Information.  Notwithstanding the foregoing, Confidential Information does not
include information that:

(i)           Aquifer can establish by competent documentation was known to
Aquifer without restriction prior to disclosure by the Company or was
independently developed by Aquifer without use of the Confidential Information;

(ii)           is now in, or later comes into, the public domain through no
fault of Aquifer;

(iii)           is disclosed to Aquifer without restriction on disclosure by a
third party that, to Aquifer’s knowledge, is not bound by confidentiality
obligations with the Company; or

(iv)           is required by operation of law to be disclosed by Aquifer,
provided, however, that the Company is given reasonable advance notice of the
intended disclosure and an opportunity to challenge such legal requirement(s).
In the event that Aquifer is requested in a judicial, administrative or
governmental proceeding to disclose any of the Confidential Information, Aquifer
shall promptly so notify the Company so that the Company may seek a protective
order or other appropriate remedy and/or waive compliance with the terms of this
Agreement.  If the Company fails to obtain such protective order or other remedy
or the Company waives compliance with this Agreement, then Aquifer shall furnish
only that portion of the Confidential Information which is legally required,
provided that Aquifer shall exercise its best efforts to obtain an order or
assurance that confidential treatment will be accorded such Confidential
Information.

(b)           Aquifer acknowledges and agrees that title to and ownership of the
Confidential Information shall remain with the Company, and that the
Confidential Information disclosed under this Agreement is confidential and
proprietary and constitutes valuable trade secret information of the
Company.  Aquifer agrees not to use the Confidential Information for
 
 
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Aquifer’s own use, or for any other purpose except in connection with scope of
the performance of the Services under this Agreement.  Aquifer agrees to
exercise Aquifer’s commercially reasonable efforts to prevent the unauthorized
disclosure or unauthorized use of the Confidential Information.  Any disclosure
of the Confidential Information otherwise prohibited by this Agreement may be
made only with the prior written consent of the Company.

(c)           Upon any termination or expiration of this Agreement, Aquifer will
return to the Company or destroy (and certify the destruction thereof) any and
all Confidential Information disclosed to Aquifer under this Agreement (and all
copies of such Confidential Information in Aquifer’ possession or under Aquifer’
control), and all memoranda or other materials prepared by Aquifer reflecting or
based on the Confidential Information, within five (5) days of the effective
date of termination or expiration.

(d)           It is understood and agreed that irreparable damages would result
to the Company from Aquifer’s breach of the provisions of this Section 5, that
money damages would not be a sufficient remedy for such breach and that the
Company shall be entitled to specific performance or other injunctive relief as
a remedy for such breach without the necessity of posting a bond or other
security.

6.           Indemnification.  The company shall indemnify Aquifer with respect
to any loss, damage, judgment or expense (including but not limited to
reasonable legal fees and costs), other than a loss, damage, judgment or expense
arising from the fraud, gross negligence, willful misconduct or malfeasance of
Aquifer, which Aquifer may incur in connection with any action, claim or
proceeding commenced or otherwise brought against it relating to or arising from
the provision of the Services.

7.           Independent Contractor.  Notwithstanding that Adam M. Mizel, a
principal of Aquifer, is a member of the Board of Directors of the Company,
Aquifer has been retained under this Agreement as an independent contractor with
no fiduciary or agency relationship to the Company and, as such, shall have no
authority to incur any obligation, make any statement or representation on
behalf of the Company, bind or commit the Company in any transaction or make,
alter, modify or execute any document or agreement of behalf of the
Company.  Each of the parties acknowledges that the terms of this agreement were
agreed upon after arms length negotiations and that this Agreement is made and
executed by and of each party’s own free will.

8.           Notices.  Any notice, request, consent or communication
(collectively, “Notice”) sent under this Agreement shall be effective only if it
is in writing and (a) personally delivered, (b) sent by certified or registered
mail, return receipt requested, first class postage prepaid, (c) sent by a
nationally recognized overnight delivery service, with delivery confirmed, or
(d) sent by facsimile with receipt confirmed, addressed to the parties at the
address set forth on the signature page to this Agreement or such other persons
or addresses as shall be furnished in writing by any party to the other
party.  A Notice shall be deemed to have been given as of the date when (i)
personally delivered, (ii) five (5) days after the date when deposited with the
United States mail in the manner set forth above, properly addressed, (iii) when
receipt of a Notice sent by an overnight delivery service is confirmed by such
overnight delivery service, or
 
 
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(iv) when receipt of the telex or telecopy is confirmed, as the case may be,
unless the sending party has actual knowledge that a Notice was not received by
the intended recipient.

9.           Amendment and Waiver.  This Agreement may not be modified, amended,
altered or supplemented except by written agreement executed by all parties
hereto.  Any term or provision of this Agreement may be waived in writing at any
time by the party that is entitled to its benefits.

10.           Successors and Assigns.  This Agreement shall be binding upon and
inure to the benefit of the parties and their respective heirs, personal
representatives and permitted successors and assigns.

11.           Headings.  Any headings of sections of this Agreement are solely
for the convenience of the parties and are not a part of this Agreement nor are
they to be used in its interpretation.

12.           Counterparts.  This Agreement may be executed in several
counterparts; each such counterpart shall be considered an original agreement
and all such executed counterparts shall constitute one Agreement.

13.           Governing Law.  This Agreement and all potential claims relating
hereto is subject to and shall be enforced in accordance with the laws of the
State of New York, without giving effect to its conflict of laws provisions that
would require the application of the laws of any other jurisdiction.

14.           Entire Agreement.  This Agreement contains the entire
understanding of the parties hereto relating to the subject matter contained
herein and supersedes all prior and collateral agreements, understandings,
statements and negotiations of the parties.

15.           Severability.    If any provision of this Agreement, as applied to
any party or to any circumstance, shall be found by a court to be void, invalid
or unenforceable, the same shall in no way affect any other provision of this
Agreement or the application of any such provision in any other circumstance, or
the validity or enforceability of this Agreement.  In such event, the parties
shall negotiate in good faith to replace the invalid or unenforceable provision
with another reflecting the same relative distribution of economic benefits and
burdens.

16.           Survival of Obligations.  Notwithstanding anything to the contrary
in this Agreement, the expiration or termination of this Agreement shall not
release the parties from their respective obligations under Sections 3, 5 and 6
hereof, and such Sections shall survive such expiration or termination and
remain in effect.

[Signature Page Follows]

 
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IN WITNESS WHEREOF, the parties have executed this Services Agreement effective
as of the date first above written.

 
Aquifer Capital Group, LLC
 
By: __/s/ Adam M. Mizel__________
       Name: Adam M. Mizel
       Title: Managing Member
 
 
Address:
460 Park Avenue, Suite 2101
New York, New York 10022
 
 
 
 
Access Integrated Technologies, Inc.
 
By: __/s/ Brian D. Pflug_____________
       Name: Brian D. Pflug
       Title: Senior Vice President
 
 
Address:
55 Madison Avenue, Suite 300
Morristown, New Jersey 07960