Exhibit
10.9


 


CCI
INDEMNIFICATION SHARES ESCROW AGREEMENT


 


This
CCI Indemnification Shares Escrow Agreement (this “Agreement”) is entered into as of April 17, 2015 by and among Content
Checked Holdings, Inc. (f/k/a Vesta International, Corp.), a Nevada corporation (the “Parent”), Kristian Finstad,
a California resident (the “Indemnification Representative”), and Foley Shechter LLP, as escrow agent (the “Escrow
Agent”). Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Merger Agreement
(as defined below).


 


WHEREAS,
the Parent has entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) among
Content Checked Inc., a Wyoming corporation (the “Company”), and Content Checked Acquisition Corp., a Wyoming corporation
and a wholly-owned acquisition subsidiary of the Parent (“Acquisition Corp.”), pursuant to which (i) Acquisition Corp.
will merge with and into the Company, with the Company surviving the merger, (ii) the Company will become a wholly-owned subsidiary
of the Parent, and (iii) the Company Stockholders will receive shares of the Parent Common Stock in exchange for their shares
of the Company Common Stock issued and outstanding immediately prior to the Effective Time (other than Dissenting Shares, if any),
as equal to the applicable Conversion Ratio (“Merger Shares”); and


 


WHEREAS,
the Merger Agreement provides that the Initial Shares minus 500,000 shares of Parent Common Stock to be issued to the Indemnification
Representative shall be delivered to the Indemnification Representative and the remainder 500,000 of the Merger Shares to be issued
to the Indemnification Representative shall be delivered to the Escrow Agent to secure the indemnification obligations of the
Company Stockholders as of the Closing Date (collectively, the “Indemnifying Stockholders”), to the Parent; and


 


WHEREAS,
the Merger Agreement provides for the execution of this Agreement and the establishment of an escrow account and the parties
hereto desire to establish the terms and conditions pursuant to which such escrow account will be established and maintained.


 


NOW,
THEREFORE, the parties hereto hereby agree as follows:


 


1.
Escrow and Indemnification.


 


(a) Escrow
of Shares. Simultaneously with the execution of this Agreement, the Parent shall cause to be issued and shall deposit
with the Escrow Agent certificates representing an aggregate number of shares of the Parent Common Stock computed based upon
the applicable Conversion Ratio, as determined pursuant to Section 1.5(b) of the Merger Agreement, issued in the name of the
Escrow Agent. The shares deposited with the Escrow Agent pursuant to this Section 1(a) are referred to herein as the
“Indemnification Escrow Shares.” The Indemnification Escrow Shares shall be held as a trust fund and shall not be
subject to any lien, attachment, trustee process or any other judicial process of any creditor of any party hereto. The
Indemnification Escrow Agent agrees to hold the Indemnification Escrow Shares in an escrow account (the “Escrow
Account”), subject to the terms and conditions of this Agreement.


 


(b) Indemnification.
The Indemnifying Stockholders have agreed in Section 6.1 of the Merger Agreement to indemnify and hold harmless the Parent
from and against certain Damages (as defined in Section 6.1 of the Merger Agreement). The Indemnification Escrow Shares shall
be (i) security for such indemnity obligation of the Indemnifying Stockholders, subject to the limitations, and in the manner
provided, in this Agreement and the Merger Agreement and (ii) except with respect to any fraud or willful misconduct by the
Company in connection with the Merger Agreement, shall be the exclusive means for the Parent to collect any Damages with
respect to which the Parent is entitled to indemnification under Article VI of the Merger Agreement.


 




    	 



    	 



    



 


(c)
Dividends, Etc. Any securities distributed in respect of or in exchange for any of the Indemnification Escrow Shares, whether
by way of stock dividends, stock splits or otherwise, shall be issued in the name of the Escrow Agent or its nominee and shall
be delivered to the Escrow Agent, who shall hold such securities in the Escrow Account. Such securities shall be considered Indemnification
Escrow Shares for purposes hereof. Any cash dividends or property (other than securities) distributed in respect of the Indemnification
Escrow Shares shall promptly be distributed by the Escrow Agent to the Indemnifying Stockholders in accordance with Section 3(c)
hereof.


 


(d) Voting
of Shares. The Indemnification Representative shall have the right, in his sole discretion, on behalf of the
Indemnifying Stockholders, to direct the Escrow Agent in writing as to the exercise of any voting rights pertaining to the
Indemnification Escrow Shares, and the Escrow Agent shall comply with any such written instructions. In the absence of such
instructions, the Escrow Agent shall not vote any of the Indemnification Escrow Shares. The Indemnification Representative
shall have no obligation to solicit consents or proxies from the Indemnifying Stockholders for purposes of any such
vote.


 


(e) Transferability.
The respective interests of the Indemnifying Stockholders in the Indemnification Escrow Shares shall not be assignable or
transferable, other than by operation of law. Notice of any such assignment or transfer by operation of law shall be given to
the Escrow Agent and the Parent, and no such assignment or transfer shall be valid until such notice is given.


 


2.
Intentionally Omitted.


 


3.
Distribution of Indemnification Escrow Shares.


 


(a)
The Escrow Agent shall distribute the Indemnification Escrow Shares only in accordance with (i) a written instrument
delivered to the Escrow Agent that is executed by both the Parent and the Indemnification Representative and that instructs
the Escrow Agent as to the distribution of some or all of the Indemnification Escrow Shares, (ii) an order of a court of
competent jurisdiction, a copy of which is delivered to the Escrow Agent by either the Parent or the Indemnification
Representative, that instructs the Escrow Agent as to the distribution of some or all of the Indemnification Escrow Shares,
or (iii) the provisions of Section 3(b) hereof.


 


(b)
Within five (5) business days after April 17, 2016 (the “Termination Date”), the Escrow Agent shall distribute to
the Indemnifying Stockholders all of the Indemnification Escrow Shares then held in escrow, registered in the names of the
Indemnifying Stockholders. Notwithstanding the foregoing, if the Parent has previously delivered to the Escrow Agent a copy
of a Claim Notice (as hereinafter defined) and the Escrow Agent has not received written notice of the resolution of the
claim covered thereby, or if the Parent has previously delivered to the Escrow Agent a copy of an Expected Claim Notice (as
hereinafter defined) and the Escrow Agent has not received written notice of the resolution of the anticipated claim covered
thereby, the Escrow Agent shall retain in escrow after the Termination Date such number of Indemnification Escrow Shares as
have a Value (as defined in Section 4 below) equal to the Claimed Amount (as hereinafter defined) covered by such Claim
Notice or equal to the estimated amount of Damages set forth in such Expected Claim Notice, as the case may be. Any
Indemnification Escrow Shares so retained in escrow shall be distributed only in accordance with the terms of clauses (i) or
(ii) of Section 3(a) hereof. For purposes of this Agreement, a Claim Notice means a written notification under the Merger
Agreement given by the Parent to the Indemnifying Stockholders which contains (i) a description and the amount (the
“Claimed Amount”) of any Damages incurred or reasonably expected to be incurred by the Parent, (ii) a statement
that the Parent is entitled to indemnification under Article VI of the Merger Agreement for such Damages and a reasonable
explanation of the basis therefor, and (iii) a demand for payment (in the manner provided in Section 6.3 of the Merger
Agreement) in the amount of such Damages. For purposes of this Agreement, an Expected Claim Notice means a notice delivered
pursuant to the Merger Agreement by the Parent to an Indemnifying Stockholder, before expiration of a representation or
warranty, to the effect that, as a result a legal proceeding instituted by or written claim made by a third party, the
Parent reasonably expects to incur Damages as a result of a breach of such representation or warranty.


 




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(c)
Any distribution of all or a portion of the Indemnification Escrow Shares to the Indemnifying Stockholders shall be made by
delivery of stock certificates issued in the name of the Indemnifying Stockholders, covering such percentage of the
Indemnification Escrow Shares being distributed as is calculated in accordance with the percentages set forth opposite each
such Indemnifying Stockholder’s name on Attachment A attached hereto (which Attachment shall be updated after
the date hereof if the Parent deposits additional Indemnification Escrow Shares in the Escrow Account on behalf of additional
Company Stockholders after the Closing Date). Distributions to the Indemnifying Stockholders shall be made by mailing stock
certificates to such holders at their respective addresses shown on Attachment A (or such other address as may be
provided in writing to the Escrow Agent by any such Indemnifying Stockholder). No fractional Indemnification Escrow Shares
shall be distributed to Indemnifying Stockholders pursuant to this Agreement. Instead, the number of shares that each
Indemnifying Stockholder shall receive shall be rounded up or down to the nearest whole number (provided that the
Indemnification Representative shall have the authority to effect such rounding in such a manner that the total number of
whole Indemnification Escrow Shares to be distributed equals the number of Indemnification Escrow Shares then held in the
Escrow Account).


 


4.
Valuation of Indemnification Escrow Shares. For purposes of this Agreement, the “Value” of any
Indemnification Escrow Shares shall be $0.50 per share, multiplied by the number of such Indemnification Escrow
Shares.


 


5.
Fees and Expenses of Escrow Agent. The Parent shall pay the fees of the Escrow Agent for the services to be rendered by
the Escrow Agent hereunder.


 


6.
Limitation of Escrow Agent’s Liability.


 


(a)
The Escrow Agent shall incur no liability with respect to any action taken or suffered by it in reliance upon any notice,
direction, instruction, consent, statement or other documents believed by it to be genuine and duly authorized, nor for other
action or inaction except its own willful misconduct or gross negligence. The Escrow Agent shall not be responsible for the
validity or sufficiency of this Agreement. In all questions arising under this Agreement, the Escrow Agent may rely on the
advice of counsel, and the Escrow Agent shall not be liable to anyone for anything done, omitted or suffered in good faith by
the Escrow Agent based on such advice. The Escrow Agent shall not be required to take any action hereunder involving any
expense unless the payment of such expense is made or provided for in a manner reasonably satisfactory to it. In no event
shall the Escrow Agent be liable for indirect, punitive, special or consequential damages.


 


(b)
The Parent and the Indemnifying Stockholders agree to indemnify the Escrow Agent for, and hold it harmless against, any loss,
liability or expense incurred without gross negligence or willful misconduct on the part of Escrow Agent, arising out of or
in connection with its carrying out of its duties hereunder. The Parent, on the one hand, and the Indemnifying Stockholders,
on the other hand, shall each be liable for one-half of such amounts.


 


7.
Liability and Authority of Indemnification Representative; Successors and Assignees.


 


(a)
The Indemnification Representative shall not incur any liability to the Indemnifying Stockholders with respect to any action
taken or suffered by him in reliance upon any note, direction, instruction, consent, statement or other documents believed by
him to be genuinely and duly authorized, nor for other action or inaction except his own willful misconduct or gross
negligence. The Indemnification Representative may, in all questions arising under this Agreement, rely on the advice of
counsel and the Indemnification Representative shall not be liable to the Indemnifying Stockholders for anything done,
omitted or suffered in good faith by the Indemnification Representative based on such advice.


 




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(b)In
the event of the death or permanent disability of the Indemnification Representative, or his or her resignation or termination
as an Indemnification Representative, a successor Indemnification Representative shall be elected by a majority vote of the Indemnifying
Stockholders, with each such Indemnifying Stockholder (or his, her or its successors or assigns) to be given a vote equal to the
number of votes represented by the shares of stock of the Company held by such Indemnifying Stockholder immediately prior to the
effective time of the Merger Agreement. Each successor Indemnification Representative shall have all of the power, authority,
rights and privileges conferred by this Agreement upon the original Indemnification Representative, and the term “Indemnification
Representative” as used herein shall be deemed to include each successor Indemnification Representative.


 


(c)
The Indemnification Representative shall have full power and authority to represent the Indemnifying Stockholders, and their
successors, with respect to all matters arising under this Agreement and Article VI of the Merger Agreement and all actions
taken by the Indemnification Representative hereunder or under Article VI of the Merger Agreement shall be binding upon the
Indemnifying Stockholders, and their successors, as if expressly confirmed and ratified in writing by each of them. Without
limiting the generality of the foregoing, the Indemnification Representative shall have full power and authority to interpret
all of the terms and provisions of this Agreement, to compromise any claims asserted hereunder and to authorize any release
of the Indemnification Escrow Shares to be made with respect thereto, on behalf of the Indemnifying Stockholders and their
successors.


 


(d)
After Closing Date, the majority vote of the Indemnifying Stockholders may terminate the Indemnification Representative and
appoint a successor Indemnification Representative in accordance with the terms of Section 7(b) above.


 


(e)
The Escrow Agent may rely on the Indemnification Representative as the exclusive agent of the Indemnifying Stockholders under
this Agreement and shall incur no liability to any party with respect to any action taken or suffered by it in good faith
reliance thereon.


 


8.
Amounts Payable by Indemnifying Stockholders. The amounts payable by the Indemnifying Stockholders under this Agreement
(i.e., the indemnification obligations pursuant to Section 6(b)) shall be payable solely as follows. The Escrow Agent shall
notify the Indemnification Representative of any such amount payable by the Indemnifying Stockholders as soon as it becomes
aware that any such amount is payable, with a copy of such notice to the Parent. On the sixth (6th) business day
after the delivery of such notice, the Escrow Agent shall sell such number of Indemnification Escrow Shares (up to the number
of Indemnification Escrow Shares then available in the Indemnification Shares Escrow Account), subject to compliance with all
applicable securities laws, as is necessary to raise such amount, and shall be entitled to apply the proceeds of such sale in
satisfaction of such indemnification obligations of the Indemnifying Stockholders; provided that if the Indemnification
Representative delivers to the Escrow Agent (with a copy to the Parent), within five (5) business days after delivery of such
notice by the Indemnification Representative, a written notice contesting the legitimacy or reasonableness of such amount,
then the Escrow Agent shall not sell Indemnification Escrow Shares to raise the disputed portion of such claimed amount
except in accordance with the terms of clauses (i) or (ii) of Section 3(a).


 


9.
Termination. This Agreement shall terminate upon the distribution by the Escrow Agent of all of the Indemnification
Escrow Shares in accordance with this Agreement; provided that the provisions of Sections 6, 7 and 12 shall survive such
termination.


 


10.
Notices. All notices, instructions and other communications given hereunder or in connection herewith shall be in
writing. Any such notice, instruction or communication shall be sent either (i) by registered or certified mail, return
receipt requested, postage prepaid, or (ii) via a reputable nationwide overnight courier service, in each case to the address
set forth below. Any such notice, instruction or communication shall be deemed to have been delivered five business days
after it is sent by registered or certified mail, return receipt requested, postage prepaid, or one business day after it is
sent via a reputable nationwide overnight courier service.


 




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If
to the Parent:


 


Content
Checked Holdings, Inc.


2601 Ocean
Park Blvd, Ste. 316


Santa Monica,
CA 90405


Facsimile:
(310) 564-1990


 


with
a copy to (which shall not constitute notice hereunder):


 


Foley Shechter
LLP


65 Route
4 East


River Edge,
New Jersey 07661


Attn: Jonathan
Shechter, Esq.


Facsimile:
(917) 688-4092


 


If
to the Indemnification Representative:


 


Kristian
Finstad


c/o
Content Checked Inc.


2601
Ocean Park Blvd, Ste. 316


Santa
Monica, CA 90405


Facsimile:
(310) 564-1990


 


If
to the Escrow Agent:


 


Foley Shechter
LLP


65 Route
4 East


River Edge,
New Jersey 07661


Attn: Jonathan
Shechter, Esq.


Facsimile:
(917) 688-4092


 


Any
party may give any notice, instruction or communication in connection with this Agreement using any other means (including personal
delivery, telecopy or ordinary mail), but no such notice, instruction or communication shall be deemed to have been delivered
unless and until it is actually received by the party to whom it was sent. Any party may change the address to which notices,
instructions or communications are to be delivered by giving the other parties to this Agreement notice thereof in the manner
set forth in this Section 10.


 


11.
Successor Escrow Agent. In the event the Escrow Agent becomes unavailable or unwilling to continue in its capacity
herewith, the Escrow Agent may resign and be discharged from its duties or obligations hereunder by delivering a resignation
to the parties to this Agreement, not less than 60 days prior to the date when such resignation shall take effect. The Parent
may appoint a successor Escrow Agent without the consent of the Indemnification Representative, and may appoint any other
successor Escrow Agent with the consent of the Indemnification Representative, which shall not be unreasonably withheld. If,
within such notice period, the Parent provides to the Escrow Agent written instructions with respect to the appointment of a
successor Escrow Agent and directions for the transfer of any Indemnification Escrow Shares then held by the Escrow Agent to
such successor, the Escrow Agent shall act in accordance with such instructions and promptly transfer such Indemnification
Escrow Shares to such designated successor. If no successor Escrow Agent is named as provided in this Section 11 prior to the
date on which the resignation of the Escrow Agent is to properly take effect, the Escrow Agent may apply to a court of
competent jurisdiction for appointment of a successor Escrow Agent.


 




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12.
General.


 


(a) Governing
Law; Assigns. This Agreement shall be governed by and construed in accordance with the internal laws of the State of New
York without regard to conflict-of-law principles and shall be binding upon, and inure to the benefit of, the parties hereto
and their respective successors and assigns.


 


(b) Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.


 


(c) Entire
Agreement. Except for those provisions of the Merger Agreement referenced herein, this Agreement constitutes the entire
understanding and agreement of the parties with respect to the subject matter of this Agreement and supersedes all prior
agreements or understandings, written or oral, between the parties with respect to the subject matter hereof.


 


(d) Waivers.
No waiver by any party hereto of any condition or of any breach of any provision of this Agreement shall be effective unless
in writing. No waiver by any party of any such condition or breach, in any one instance, shall be deemed to be a further or
continuing waiver of any such condition or breach or a waiver of any other condition or breach of any other provision
contained herein.


 


(e) Amendment.
This Agreement may be amended only with the written consent of the Parent, the Escrow Agent and the Indemnification
Representative.


 


(f) Consent
to Jurisdiction and Service. The parties hereby absolutely and irrevocably consent and submit to the jurisdiction of the
courts in the State of New York and of any Federal court located in the State of New York in connection with any actions or
proceedings brought against any party hereto by the Escrow Agent arising out of or relating to this Agreement. In any such
action or proceeding, the parties hereby absolutely and irrevocably waive personal service of any summons, complaint,
declaration or other process and hereby absolutely and irrevocably agree that the service thereof may be made by certified or
registered first-class mail directed to such party, at their respective addresses in accordance with Section 10
hereof.


 


[Signature
Page Follows]


 




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IN
WITNESS WHEREOF, the parties have duly executed this Agreement as of the day and year first above written.


 


	 	CONTENT CHECKED INC. 
	 	 
	 	By:	/s/
    Kristian Finstad
	 	Name:	Kristian
    Finstad
	 	Title:
    	Chief
    Executive Officer
	 	 	 
	 	Kristian Finstad, Individually and as Indemnification Representative
	 	 	 
	 	/s/
    Kristian Finstad
	 	(signature)


 





	 	FOLEY SHECHTER LLP
	 	 	 
	 	By:	/s/ Jonathan Shechter
	 	Name:	Jonathan Shechter, Esq.
	 	Title:	Principal







 



    	 



    	 



    


 




ATTACHMENT A


 


	INDEMNIFYING
    STOCKHOLDER	 	

        PERCENTAGE
	 	

        ADDRESS

	Kristian
    Finstad	 	100%	 	c/o
        Content Checked Inc.

        8730
        Sunset Blvd, Ste 240

        West
        Hollywood, CA 90069