Document:

exv10w20

 

Exhibit 10.20

SUBLEASE

     THIS SUBLEASE (this “Sublease”) is made and entered into as of this 21st day
of February 2007, by and between HDNet LLC, a Delaware limited liability company (hereinafter
called “Sublandlord”), and DiscLive, Inc., a Delaware corporation (hereinafter called “Subtenant”).

WITNESSETH:

     WHEREAS, by that certain Lease, dated August 1, 2006, and amended February 20, 2007, a copy of
which has been provided to Subtenant and by this reference made a part hereof (hereinafter called
the “Prime Lease”), Radical Computing, Inc., a Texas corporation (hereinafter, together with its
successors and assigns, called “Landlord”), leased to Sublandlord Lots 12 and 13 as depicted on
Exhibit A of the Prime Lease in the building known as 3030 Taylor Street, in Dallas, Texas
(hereinafter called the “Building”), for a term commencing on August 1, 2006 and ending on February
29, 2008; and

     WHEREAS, subject to the consent of Landlord, Subtenant desires to sublease from Sublandlord,
and Sublandlord desires to sublease to Subtenant, a portion of the premises subject to the Prime
Lease (hereinafter called the “Premises”) designated, from time to time, by Sublandlord that
contains at least six (6) cubical and spaces not to exceed 350 square feet in the aggregate for
file and equipment storage, all upon the terms and subject to the conditions and provisions
hereinafter set forth.

     NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and promises
contained herein and other good and valuable consideration, the receipt and sufficiency of which
are hereby mutually acknowledged, Sublandlord and Subtenant hereby agree as follows:

     1. Demise; Use. Sublandlord hereby leases to Subtenant, and Subtenant hereby leases
from Sublandlord, the Premises for the term and rental and upon the other terms and conditions
hereinafter set forth, to be used and occupied by Subtenant solely for lawful purposes.

     2. Term. The term of this Sublease shall commence (the “Commencement Date”) on March
1, 2007 and, unless sooner terminated pursuant to the provisions hereof, shall terminate on the
earlier of February 29, 2008 and the prior termination of the Prime Lease. As used herein, the
phrase “Lease Year” shall mean the twelve calendar month period commencing on the Commencement Date
(or, if the Commencement Date is not the first day of a calendar month, then commencing on the
first day of the calendar month during which the Commencement Date occurs) and each anniversary
thereof, except that the last Lease Year may not be twelve calendar months and shall terminate on
the last day of the term of this Sublease.

     3. Gross Rent.

     (a) Subtenant shall pay to Sublandlord gross annual rental (hereinafter called “Gross Rent”)
for the Premises as follows:

	 	 	 
	Lease Year	 	Annual Gross Rent
	1
	 	$10,800

Annual Gross Rent shall be due and payable in twelve equal installments. Each such installment
shall be due and payable in advance on the first day of each calendar month of the term hereof. If
the term of this Sublease commences on a day other than the first day of a month or ends on a day
other than the last day

 

 

of a month, Gross Rent for such month shall be prorated; prorated Gross Rent for any such partial
first month of the term hereof shall be paid on the date on which the term commences.

     (b) All Gross Rent and additional rent shall be paid without setoff or deduction whatsoever
and shall be paid to Sublandlord at its office at the Building or at such other place as
Sublandlord may designate by notice to Subtenant.

     4. Additional Rent; Payments; Interest.

     (a) Except for Rent (as that term is defined in the Prime Lease), Real Property Taxes (as that
term is defined in the Prime Lease) and utilities of the Building, the payment of which Subtenant
shall have no obligation under this Sublease, Subtenant also shall pay to Sublandlord all other
amounts payable by Sublandlord under the Prime Lease that are attributable to the Premises (as
distinguished from the entire premises subject to the Prime Lease) or attributable to Subtenant or
its agents, employees, customers or invitees. By way of example and not by way of limitation,
costs incurred by Landlord in repairing damage to the Building caused by an employee of Subtenant,
increased insurance premiums due as a result of Subtenant’s use of the Premises, and amounts
expended or incurred by Landlord on account of any default by Subtenant that gives rise to a
default under the Prime Lease would be amounts payable by Subtenant pursuant to this Subsection
4(a).

     (b) Each amount due pursuant to Subsection 4(a) above and each other amount payable by
Subtenant hereunder, unless a date for payment of such amount is provided for elsewhere in this
Sublease, shall be due and payable on the fifth (5th) day following the date on which
Landlord or Sublandlord has given notice to Subtenant of the amount thereof, but in no event later
than the date on which any such amount is due and payable under the Prime Lease.

     (c) All amounts other than Gross Rent payable to Sublandlord under this Sublease shall be
deemed to be additional rent due under this Sublease. All past due installments of Gross Rent and
additional rent shall bear interest from the date due until paid at the rate per annum equal to
three percent (3%) in excess of the Prime Rate (as hereinafter defined) in effect from time to
time, which rate shall change from time to time as of the effective date of each change in the
Prime Rate, unless a lesser rate shall then be the maximum rate permissible by law with respect
thereto, in which event said lesser rate shall be charged. For purposes of this Sublease, the term
“Prime Rate” shall mean the rate of interest published from time to time in the Southwestern
Edition of The Wall Street Journal.

     (d) Subtenant shall pay Landlord on the due dates for services requested by Subtenant that are
billed by Landlord directly to Subtenant rather than Sublandlord.

     5. Condition of Premises. Subtenant’s taking possession of the Premises shall be
conclusive evidence, as against Subtenant, that the Premises were in good order and satisfactory
condition when Subtenant took possession. No promise of Sublandlord to alter, remodel or improve
the Premises, except as may be expressly provided herein, and no representation respecting the
condition of the Premises or the Building has been made by Sublandlord to Subtenant. Upon the
expiration of the term hereof, or upon any earlier termination of the term hereof or of Subtenant’s
right to possession, Subtenant shall surrender the Premises in at least the condition as at the
Commencement Date, ordinary wear and tear excepted.

     6. The Prime Lease.

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     (a) This Sublease and all rights of Subtenant hereunder and with respect to the Premises are
subject to the terms, conditions and provisions of the Prime Lease. Subtenant hereby assumes and
agrees to perform faithfully and be bound by, with respect to the Premises, all of Sublandlord’s
obligations, covenants, agreements and liabilities under the Prime Lease and all terms, conditions,
provisions and restrictions contained in the Prime Lease except:

     (i) for the payment of Rent and Real Property Taxes (as those terms are defined in the
Prime Lease) and utilities of the Building;

     (ii) that Subtenant shall not have any obligation to construct or install tenant
improvements, except as may be provided herein; and

     (iii) that the following provisions of the Prime Lease do not apply to this Sublease:
any provisions in the Prime Lease allowing, or purporting to allow, Sublandlord any rent
concessions or abatements or construction allowances.

     (b) Without limitation of the foregoing:

     (i) Subtenant shall not make any changes, alterations or additions in or to the
Premises except as otherwise expressly provided herein;

     (ii) if Subtenant desires to take any other action and the Prime Lease would require
that Sublandlord obtain the consent of Landlord before undertaking any action of the same
kind, Subtenant shall not undertake the same without the prior written consent of
Sublandlord. Sublandlord may condition its consent on the consent of Landlord being
obtained and may require Subtenant to contact Landlord directly for such consent;

     (iii) All rights given to Landlord and its agents and representatives by the Prime
Lease to enter the premises covered by the Prime Lease shall inure to the benefit of
Sublandlord and their respective agents and representatives with respect to the Premises;

     (iv) Sublandlord also shall have all other rights, and all privileges, options,
reservations and remedies, granted or allowed to, or held by, Landlord under the Prime
Lease;

     (v) Subtenant shall maintain insurance of the kinds and in the amounts required to be
maintained by Sublandlord under the Prime Lease. All policies of liability insurance shall
name as additional insureds the Landlord and Sublandlord and their respective officers,
directors, members, managers or partners, as the case may be, and the respective agents and
employees of each of them; and

     (vi) Subtenant shall not do anything, or suffer or permit anything to be done, which
could result in a default under the Prime Lease or permit the Prime Lease to be cancelled or
terminated.

     (c) Notwithstanding anything contained herein or in the Prime Lease that may appear to be to
the contrary, Sublandlord and Subtenant hereby agree as follows:

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     (i) Subtenant shall not assign, mortgage, pledge, hypothecate or otherwise transfer, or
permit the transfer of, this Sublease or any interest of Subtenant in this Sublease, by
operation of law or otherwise, or permit the use of the Premises or any part thereof by any
persons other than Subtenant and Subtenant’s employees, or sublet the Premises or any part
thereof;

     (ii) neither rental nor other payments hereunder shall abate by reason of any damage
to, or destruction of, the Premises, the premises subject to the Prime Lease or the Building
or any part thereof, unless, and then only to the extent that, rental and such other
payments actually abate under the Prime Lease with respect to the Premises on account of
such event;

     (iii) Subtenant shall not have any right to any portion of the proceeds of any award
for a condemnation or other taking, or a conveyance in lieu thereof, of all or any portion
of the Building, the premises subject to the Prime Lease or the Premises;

     (iv) Subtenant shall not have any right to exercise, or have Sublandlord exercise, any
option under the Prime Lease, including, without limitation, any option to extend the term
of the Prime Lease or lease additional space; and

     (v) In the event of any conflict between the terms, conditions and provisions of the
Prime Lease and of this Sublease, the terms, conditions and provisions of this Sublease
shall, in all instances, govern and control.

     (d) It is expressly understood and agreed that Sublandlord does not assume and shall not have
any of the obligations or liabilities of Landlord under the Prime Lease and that Sublandlord is not
making the representations or warranties, if any, made by Landlord in the Prime Lease. With
respect to work, services, repairs and restoration or the performance of other obligations required
of Landlord under the Prime Lease, Sublandlord’s sole obligation with respect thereto shall be to
request the same, upon written request from Subtenant, and to use reasonable efforts to obtain the
same from Landlord. Sublandlord shall not be liable in damages, nor shall rent abate hereunder,
for or on account of any failure by Landlord to perform the obligations and duties imposed on it
under the Prime Lease.

     (e) Nothing contained in this Sublease shall be construed to create privity of estate or
contract between Subtenant and Landlord, except the agreements of Subtenant in Sections 10 and 11
hereof in favor of Landlord, and then only to the extent of the same.

     7. Default by Subtenant.

     (a) Upon the happening of any of the following:

     (i) Subtenant fails to pay any Gross Rent within five (5) days after the date it is
due;

     (ii) Subtenant fails to pay any other amount due from Subtenant hereunder and such
failure continues for three (3) days after notice thereof from Sublandlord to Subtenant;

     (iii) Subtenant fails to perform or observe any other covenant or agreement set forth
in this Sublease and such failure continues for seven (7) days after notice thereof from
Sublandlord to Subtenant; or

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     (iv) any other event occurs that involves Subtenant or the Premises and that would
constitute a default under the Prime Lease if it involved Sublandlord or the premises
covered by the Prime Lease;

Subtenant shall be deemed to be in default hereunder, and Sublandlord may exercise, without
limitation of any other rights and remedies available to it hereunder or at law or in equity, any
and all rights and remedies of Landlord set forth in the Prime Lease in the event of a default by
Sublandlord thereunder.

     (b) In the event that Subtenant fails or refuses to make any payment or perform any covenant
or agreement to be performed hereunder by Subtenant, Sublandlord may make such payment or undertake
to perform such covenant or agreement (but shall not have any obligation to Subtenant to do so).
In such event, amounts so paid and amounts expended in undertaking such performance, together with
all costs, expenses and attorneys’ fees incurred by Sublandlord in connection therewith, shall be
additional rent hereunder.

     8. Nonwaiver. Failure of Sublandlord to declare any default or delay in taking any
action in connection therewith shall not waive such default. No receipt of moneys by Sublandlord
from Subtenant after the termination, in any way, of the term or of Subtenant’s right of possession
hereunder or after the giving of any notice shall reinstate, continue or extend the term or affect
any notice given to Subtenant or any suit commenced or judgment entered prior to receipt of such
moneys.

     9. Cumulative Rights and Remedies. All rights and remedies of Sublandlord under this
Sublease shall be cumulative and none shall exclude any other rights or remedies allowed by law.

     10. Waiver of Claims and Indemnity.

     (a) Subtenant hereby releases and waives any and all claims against Landlord, Sublandlord and
each of their respective officers, directors, members, managers, partners, agents and employees for
injury or damage to person, property or business sustained in or about the Building, the premises
subject to the Prime Lease or the Premises by Subtenant, other than by reason of gross negligence
or willful misconduct and except in any case that would render this release and waiver void under
law.

     (b) Subtenant agrees to indemnify, defend and hold harmless Landlord and its beneficiaries,
Sublandlord and the managing agent of the Building and each of their respective officers,
directors, members, managers, partners, agents and employees, from and against any and all claims,
demands, costs and expenses of every kind and nature, including attorneys’ fees and litigation
expenses, arising from Subtenant’s occupancy of the Premises, Subtenant’s construction of any
leasehold improvements in the Premises or from any breach or default on the part of Subtenant in
the performance of any agreement or covenant of Subtenant to be performed or performed under this
Sublease or pursuant to the terms of this Sublease, or from any act or neglect of Subtenant or its
agents, officers, employees, guests, servants, invitees or customers in or about the Premises. In
case any such proceeding is brought against any of said indemnified parties, Subtenant covenants,
if requested by Sublandlord, to defend such proceeding at its sole cost and expense by legal
counsel reasonably satisfactory to Sublandlord.

     11. Waiver of Subrogation. Anything in this Sublease to the contrary notwithstanding,
Sublandlord and Subtenant each hereby waive any and all rights of recovery, claims, actions or
causes of

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action against the other and the officers, directors, managers, members, partners, agents
and employees of each of them, and Subtenant hereby waives any and all rights of recovery, claims,
actions or causes of action against Landlord and its agents, officers, directors, stockholders and
employees for any loss or damage that may occur to the Premises or the premises covered by the
Prime Lease, or any improvements thereto, or any personal property of any person therein or in the
Building, by reason of fire, the elements or any other cause insured against under valid and
collectible fire and extended coverage insurance policies, regardless of cause or origin, including
negligence, except in any case that would render this waiver void under law, to the extent that
such loss or damage is actually recovered under said insurance policies.

     12. Brokerage Commissions. Each party hereby represents and warrants to the other
that it has had no dealings with any real estate broker or agent in connection with this Sublease
and that it knows of no real estate broker or agent who is, or might be, entitled to a commission
in connection with this Sublease. Each party agrees to protect, defend, indemnify and hold the
other harmless from and against any and all claims inconsistent with the foregoing representations
and warranties for any brokerage, finder’s or similar fee or commission in connection with this
Sublease, if such claims are based on or relate to any act of the indemnifying party that is
contrary to the foregoing representations and warranties.

     13. Successors and Assigns. This Sublease shall be binding upon, and inure to the
benefit of, the successors and assigns of Sublandlord and shall be binding upon, and inure to the
benefit of, the successors of Subtenant and, to the extent any such assignment may be approved,
Subtenant’s assigns. The provisions of Subsection 6(e) and Sections 10 and 11 hereof shall inure
to the benefit of the successors and assigns of Landlord.

     14. Entire Agreement. This Sublease contains all the terms, covenants, conditions and
agreements between Sublandlord and Subtenant relating in any manner to the rental, use and
occupancy of the Premises. No prior agreement or understanding pertaining to the same shall be
valid or of any force or effect. The terms, covenants and conditions of this Sublease cannot be
altered, changed, modified or added to except by a written instrument signed by Sublandlord and
Subtenant.

     15. Notices.

     (a) In the event that any notice from the Landlord or otherwise relating to the Prime Lease is
delivered to the Premises or is otherwise received by Subtenant, Subtenant shall, as soon
thereafter as possible, but in any event within twenty-four (24) hours, deliver such notice to
Sublandlord if such notice is written or advise Sublandlord thereof by telephone if such notice is
oral.

     (b) Notices and demands required or permitted to be given by either party to the other with
respect hereto or to the Premises shall be in writing and shall not be effective for any purpose
unless the same shall be served either by personal delivery with a receipt requested, by overnight
air courier service or by United States certified or registered mail, return receipt requested,
postage prepaid; provided, however, that all notices of default shall be served either by personal
delivery with a receipt requested or by overnight air courier service, addressed as follows:

     If to Sublandlord:

HDNet LLC/Colorado Studios

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2400 N. Ulster Street

Denver, Colorado 80238

Attn: Phil Garvin

With a copy to (which shall not constitute notice):

HDNet LLC

320 South Walton

Dallas, Texas 7226

Attn: Robert Thoele

     If to Subtenant:

DiscLive, Inc.

320 South Walton

Dallas, Texas 75226

Attn: Chief Executive Officer

With a copy to (which shall not constitute notice):

Robert S. Hart

5424 Deloache Avenue

Dallas, Texas 75220

Notices and demands shall be deemed to have been given two (2) days after mailing, if mailed, or,
if made by personal delivery or by overnight air courier service, then upon such delivery. Either
party may change its address for receipt of notices by giving notice to the other party.

     16. Authority of Subtenant, etc. Subtenant hereby represents and warrants to
Sublandlord that this Sublease has been duly authorized, executed and delivered by and on behalf of
Subtenant and constitutes the valid, enforceable and binding agreement of Subtenant.

     17. Consent of Landlord. The obligations of Sublandlord and Subtenant under this
Sublease are conditioned and contingent upon Landlord consenting hereto by executing and delivering
a counterpart of this Sublease in the space provided for below. In the event that Landlord’s
consent is not obtained within five (5) days after the date hereof, as evidenced by its execution
and delivery of this Sublease, this Sublease shall automatically terminate and become null and
void, and neither Sublandlord nor Subtenant shall have any further obligations or liability
hereunder or to each other with respect to the Premises.

     18. Examination. Submission of this instrument for examination or signature by
Subtenant does not constitute a reservation of, or option for, the Premises or in any manner bind
Sublandlord, and no lease, sublease or obligation on Sublandlord shall arise until this instrument
is signed and delivered by Sublandlord and Subtenant and the consent of Landlord is obtained as described in Section 17 above;
provided, however, that the execution and delivery by Subtenant of this Sublease to Sublandlord
shall constitute an irrevocable offer by Subtenant to sublease the Premises on the terms and
conditions herein contained, which offer may not be revoked for five (5) days after such delivery.

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SIGNATURE PAGE FOLLOWS

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     IN WITNESS WHEREOF, Sublandlord and Subtenant have executed this Sublease as of the date
aforesaid.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	SUBLANDLORD:	 	 	 	SUBTENANT:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	HDNet LLC,	 	 	 	DiscLive, Inc.,	 	 	 	 
	a Delaware limited liability company	 	 	 	a Delaware corporation	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ MARK CUBAN	 	 	 	By:	 	/s/ TRAVIS HILL	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Name: Mark Cuban	 	 	 	 	 	Name: Travis Hill	 	 	 	 
	 	 	Title: President	 	 	 	 	 	Title: Chief Executive Officer	 	 	 	 

CONSENT OF LANDLORD

     Sublandlord and Subtenant have herewith presented the fully-executed Sublease to Landlord for
Landlord’s approval, and Landlord hereby approves and consents to the Sublease. Landlord’s
approval of, and consent to, this Sublease shall not be deemed Landlord’s approval of, or consent
to, any further subleases, nor shall this consent change, modify or amend the Prime Lease in any
manner.

LANDLORD:

Radical Computing, Inc.,

a Texas corporation

	 	 	 	 	 
	By:  	/s/ MARTIN WOODALL
 	 	 
	 	Name:  	Martin Woodall 	 	 
	 	Title:  	Vice President 	 	 

Date: February 21, 2007

9exv10w21

 

Exhibit 10.21

MANAGEMENT SERVICES AGREEMENT

     This MANAGEMENT SERVICES AGREEMENT (this “Agreement”) is made and entered into this
23rd day of February 2007, but effective as of January 1, 2007, by and among Immediatek,
Inc., a Nevada corporation (together with its successors, the “Company”), DiscLive, Inc., a
Delaware corporation (together with its successors, “DiscLive,” and together with the
Company, collectively, the “Clients”), and Radical Incubation LP, a Delaware limited
partnership (together with its successors, “Advisor”).

RECITALS

     WHEREAS, the Clients have requested that Advisor render management services, including, among
others, financial oversight and monitoring, technology and legal, to the Clients.

AGREEMENT

     NOW, THEREFORE, in consideration of the services rendered, and to be rendered, by Advisor to
the Clients, and to evidence the obligations of the Clients to Advisor and the mutual covenants
herein contained, the Clients hereby jointly and severally agree with Advisor as follows:

     1. Retention. The Clients hereby acknowledge that they have retained Advisor to, and
Advisor hereby acknowledges that, subject to reasonable advance notice in order to accommodate
scheduling, Advisor will, provide management services to the Clients as requested by their
respective board of directors during the Term (hereinafter defined).

     2. Term. The term (the “Term”) of this Agreement shall continue until the
earlier to occur of (a) December 31, 2009, and (b) the date on which Radical Holdings LP, its
successors or their respective affiliates shall cease to beneficially own, directly or indirectly,
at least twenty percent (20%) of the then outstanding voting power of the Company or its
successors. If on December 31, 2009, Radical Holdings LP, its successors or one or more of their
respective affiliates, collectively, beneficially own, directly or indirectly, at least twenty
percent (20%) of the then outstanding voting power of the Company or its successors, the Clients
agree to negotiate in good faith a new management services agreement.

     3. Compensation. As compensation for Advisor’s services to the Clients under this
Agreement, the Company hereby agrees to record $3,500 per month (the “Management Fee”),
prorated on a daily basis for any partial month, during the Term as a deemed contribution by
Radical Holdings LP to the Company, of which $1,500 will be attributable and allocated to DiscLive.
The Management Fee shall be recorded on the first day of each calendar month (each a
“Recording Date”), commencing with the first Recording Date following the date first above
written (provided that the first deemed contribution recorded shall aggregate $22,500, which
includes the deemed contributions for January and February 2007).

     4. Reimbursement of Expenses. In addition to the deemed contributions pursuant to
Section 3, the Company hereby agrees to record deemed contributions for all Reimbursable
Expenses (hereinafter defined) and attribute and allocate them to the appropriate Client. For
purposes of this Agreement, “Reimbursable Expenses” shall mean all reasonable disbursements and
out-of-pocket expenses, including, without limitation, costs of travel, postage, deliveries,

 

 

communications, fees and disbursements of counsel, but excluding allocated overhead, incurred by
Advisor or its affiliates for the account of any Client or in connection with the performance by
Advisor of the services contemplated in this Agreement. Upon presentment by Advisor of the
supporting documentation of the Reimbursable Expense reasonably requested by the Client, the
Company shall treat the Reimbursable Expense as a deemed contribution to the Company and attribute
and allocate it to the appropriate Client.

     5. Termination of this Agreement. This Agreement may be terminated by (a) Advisor
upon thirty (30) days written notice for any or no reason whatsoever or (ii) the Clients upon
thirty (30) days written notice for gross negligence on the part of Advisor in the performance of
the obligations of Advisor as provided in this Agreement.

     6. Indemnification. The Clients, jointly and severally, shall indemnify and hold
harmless each of Advisor, its affiliates and their respective directors, officers, stockholders,
partners, managers, members, employees, agents, representatives and each person who controls
Advisor or its affiliates within the meaning of the Securities Act of 1933, as amended, or the
Securities Exchange Act of 1934, as amended (collectively, “Indemnified Persons,” and,
individually, an “Indemnified Person”), from and against any and all claims, liabilities,
losses, damages and expenses incurred by an Indemnified Person (including, without limitation,
those arising out of an Indemnified Person’s negligence and reasonable fees and disbursements of
the respective Indemnified Person’s counsel) that (a) are related to, or arise out of, (i) actions
taken, or omitted to be taken (including, without limitation, any untrue statements made or any
statements omitted to be made) by any of the Clients or (ii) actions taken, or omitted to be taken,
by an Indemnified Person with any Client’s consent, in conformity with any Client’s instructions or
any Client’s actions or omissions or (b) are otherwise related to, or arise out of, Advisor’s
engagement, and will reimburse each Indemnified Person for all costs and expenses, including,
without limitation, fees and disbursements of any Indemnified Person’s counsel, as they are
incurred, in connection with investigating, preparing for, defending or appealing any action or
formal or informal claim, investigation, inquiry or other proceeding, whether or not in connection
with any pending or threatened litigation, caused by, arising out of or in connection with
Advisor’s acting pursuant to Advisor’s engagement, whether or not any Indemnified Person is named
as a party thereto and whether or not any liability results therefrom. None of the Clients will,
however, be responsible to any Indemnified Person for any claims, liabilities, losses, damages or
expenses pursuant to clause (b) of the immediately preceding sentence that have resulted primarily
from such Indemnified Person’s gross negligence or willful misconduct. The Clients also hereby
agree that no Indemnified Person shall have any liability to any Client for, or in connection with,
such engagement, except for any such liability for claims, liabilities, losses, damages or expenses
incurred by any Client that have resulted primarily from such Indemnified Person’s gross negligence
or willful misconduct. The Clients further hereby agree that none of them will, without the prior
written consent of Advisor, settle or compromise, or consent to the entry of any judgment in, any
pending or threatened claim, action, suit, inquiry or proceeding in respect of which
indemnification may be sought hereunder (whether or not any Indemnified Person is an actual or
potential party to such claim, action, suit, inquiry or proceeding), unless such settlement,
compromise or consent includes an unconditional release of Advisor and each other Indemnified
Person hereunder from all liability arising out of such claim, action, suit, inquiry or proceeding.
EACH CLIENT HEREBY AGREES AND ACKNOWLEDGES THAT THE FOREGOING INDEMNITY SHALL BE APPLICABLE TO ANY
CLAIMS, LIABILITIES, LOSSES, DAMAGES OR EXPENSES THAT HAVE RESULTED FROM, OR ARE ALLEGED TO HAVE
RESULTED FROM, THE ACTIVE OR PASSIVE OR THE SOLE, JOINT OR CONCURRENT ORDINARY NEGLIGENCE OF
ADVISOR OR ANY OTHER INDEMNIFIED PERSON.

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     The foregoing right to indemnity shall be in addition to any rights that Advisor or any other
Indemnified Person may have at common law or otherwise and shall remain in full force and effect
following the completion or any termination of the engagement or this Agreement. Each Client
hereby consents to personal jurisdiction and to service of process and venue in any court in which
any claim that is subject to this Agreement is brought against Advisor or any other Indemnified
Person.

     The Clients hereby agree that this Section 6 shall be applicable, and enforceable with
respect, to any services provided by Advisor prior to the date first above written. It is
understood and agreed that, in connection with Advisor’s engagement, Advisor also may be engaged to
act for the Clients in additional capacities, and that the terms of any such additional engagements
may be embodied in one or more separate written agreements. This Section 6 shall apply to
the engagement specified in this Agreement, as well as to any such additional engagements (whether
written or oral) and any modification of this Agreement or such additional engagements and shall
remain in full force and effect following the completion or termination of this Agreement or such
additional engagements.

     Each of the Clients further understands and agrees that if Advisor is asked to furnish any
Client a financial or legal opinion letter or act for any Client in any other formal capacity, such
further action shall be at the sole option of Advisor and may be subject to a separate agreement
containing provisions and terms to be mutually agreed upon.

     7. Confidential Information. In connection with the performance of the services
hereunder, Advisor agrees not to divulge any confidential information, secret processes or trade
secrets disclosed by any Client or any of its subsidiaries to it solely in its capacity hereunder,
unless information, secret processes or trade secrets are publicly available or otherwise available
to Advisor without restriction or breach of any confidentiality agreement or unless required by any
governmental authority or in response to any valid legal process.

     8. Miscellaneous.

     (a) Entire Agreement. This Agreement constitutes the entire agreement and understanding of
the parties in respect of the subject matter hereof and supersedes all prior understandings,
agreements or representations by or among the parties, written or oral, to the extent they relate
in any way to the subject matter hereof.

     (b) Successors and Assigns. All of the terms, agreements, covenants, representations,
warranties and conditions of this Agreement are binding upon, inure to the benefit of and are
enforceable by the parties and their respective successors and permitted assigns.

     (c) Notices. All notices, requests and other communications provided for, or permitted to be
given, under this Agreement must be in writing and shall be given by personal delivery, by
certified or registered United States mail (postage prepaid, return receipt requested), by a
nationally recognized overnight delivery service for next day delivery, or by facsimile
transmission, as follows (or to such other address as any party may give in a notice given in
accordance with the provisions hereof):

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If to the Company:

Immediatek, Inc.

320 South Walton

Dallas, Texas 75226

Facsimile: (214) 276-1555

Attn: Chief Executive Officer

If to DiscLive:

DiscLive, Inc.

320 South Walton

Dallas, Texas 75226

Facsimile: (214) 276-1555

Attn: Chief Executive Officer

If to Advisor:

Radical Incubation LP

c/o Radical Incubation Management LLC

5424 Deloache Avenue

Dallas, Texas 75220

Facsimile: (214) 696-2133

With a copy to (which shall not constitute notice):

Robert S. Hart, Esq.

5424 Deloache Avenue

Dallas, Texas 75220

Facsimile: (214) 696-3380

All notices, requests or other communications will be effective, and deemed given, only as follows:
(i) if given by personal delivery, upon such personal delivery, (ii) if sent by certified or
registered mail, on the fifth (5th) business day after being deposited in the United
States mail, (iii) if sent for next day delivery by overnight delivery service, on the date of
delivery as confirmed by written confirmation of delivery, (iv) if sent by facsimile, upon the
transmitter’s confirmation of receipt of such facsimile transmission, except that if such
confirmation is received after 5:00 p.m. (in the recipient’s time zone) on a business day, or is
received on a day that is not a business day, then such notice, request or communication will not
be deemed effective or given until the next succeeding business day. Notices, requests and other
communications sent in any other manner, including by electronic mail, will not be effective.

     (d) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF TEXAS, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW PRINCIPLES.

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     (e) Submission to Jurisdiction; Waiver of Jury Trial.

          (i) Submission to Jurisdiction. Any action, suit or proceeding seeking to enforce any
provision of, or based on any matter arising out of or in connection with, this Agreement shall
only be brought in any federal court located in Dallas County, Texas or any Texas state court
located in Dallas County, Texas, and each party consents to the exclusive jurisdiction and venue of
such courts (and of the appropriate appellate courts therefrom) in any such action, suit or
proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it
may now or hereafter have to the laying of the venue of any such action, suit or proceeding in any
such court or that any such action, suit or proceeding brought in any such court has been brought
in an inconvenient forum. Process in any such action, suit or proceeding may be served on any
party anywhere in the world, whether within or without the jurisdiction of any such court. Without
limiting the foregoing, service of process on such party as provided in Section 8(c) shall
be deemed effective service of process on such party.

          (ii) Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES THAT ANY DISPUTE THAT MAY ARISE OUT OF OR
RELATING TO THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE,
SUCH PARTY HEREBY EXPRESSLY WAIVES ITS RIGHT TO JURY TRIAL OF ANY DISPUTE BASED UPON, OR ARISING
OUT OF, THIS AGREEMENT OR ANY OTHER AGREEMENTS RELATING HERETO OR ANY DEALINGS AMONG THEM RELATING
TO THE MATTERS CONTEMPLATED HEREIN. THE SCOPE OF THIS WAIVER IS INTENDED TO ENCOMPASS ANY AND ALL
ACTIONS, SUITS AND PROCEEDINGS THAT RELATE TO THE SUBJECT MATTER OF THIS AGREEMENT AND CONTEMPLATED
HEREBY, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND
STATUTORY CLAIMS. EACH PARTY HEREBY REPRESENTS THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF
ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT IN THE
EVENT OF ANY ACTION, SUIT OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) SUCH PARTY
UNDERSTANDS, AND WITH THE ADVICE OF COUNSEL HAS CONSIDERED, THE IMPLICATIONS OF THIS WAIVER, (iii)
SUCH PARTY MAKES THIS WAIVER VOLUNTARILY AND (iv) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND REPRESENTATIONS IN THIS SECTION
8(e).

     (f) Headings. The section headings contained in this Agreement are inserted for convenience
only and shall not affect in any way the meaning or interpretation of this Agreement.

     (g) Amendments; Assignment. This Agreement may be amended only by a written instrument signed
by all the parties hereto. Neither this Agreement nor any of the rights, interests or obligations
hereunder shall be assigned without the prior written consent of all parties hereto; provided,
however, Advisor shall be entitled to assign this Agreement or any of its rights, interests or
obligations hereunder, either in whole or in part, to any one or more of its affiliates without the
prior written consent of the Clients.

     (h) Extensions; Waivers. Any party may, for itself only, (i) extend the time for the
performance of any of the obligations of any other party under this Agreement, (ii) waive any
inaccuracies in the representations and warranties of any other party contained herein or in any
document delivered pursuant hereto or (iii) waive compliance with any of the agreements or
conditions for the benefit of such party contained herein. Any such extension or waiver will be

5

 

valid only if set forth in a writing signed by the party to be bound thereby. No waiver by any
party of any default, misrepresentation or breach of warranty or covenant hereunder, whether
intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation
or breach of warranty or covenant hereunder or affect in any way any rights arising because of any
prior or subsequent such occurrence. Neither the failure nor any delay on the part of any party to
exercise any right or remedy under this Agreement shall operate as a waiver thereof, nor shall any
single or partial exercise of any right or remedy preclude any other or further exercise of the
same or of any other right or remedy.

     (i) Severability. The provisions of this Agreement will be deemed severable and the
invalidity or unenforceability of any provision will not affect the validity or enforceability of
the other provisions hereof; provided that if any provision of this Agreement, as applied to any
party or to any circumstance, is judicially determined not to be enforceable in accordance with its
terms, the parties agree that the court judicially making such determination may modify the
provision in a manner consistent with its objectives such that it is enforceable, and/or to delete
specific words or phrases, and in its modified form, such provision will then be enforceable and
will be enforced.

     (j) Counterparts; Effectiveness. This Agreement may be executed in any number of
counterparts, each of which will be deemed an original but all of which together will constitute
one and the same instrument. This Agreement will become effective when one or more counterparts
have been signed by each of the parties and delivered to the other parties. For purposes of
determining whether a party has signed this Agreement or any document contemplated hereby or any
amendment or waiver hereof, only a handwritten original signature on a paper document or a
facsimile copy of such a handwritten original signature shall constitute a signature,
notwithstanding any law relating to or enabling the creation, execution or delivery of any contract
or signature by electronic means.

     (k) Construction. This Agreement has been freely and fairly negotiated among the parties. If
an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if
drafted jointly by the parties and no presumption or burden of proof will arise favoring or
disfavoring any party because of the authorship of any provision of this Agreement. Any reference
to any law will be deemed to refer to such law as in effect on the date hereof and all rules and
regulations promulgated thereunder, unless the context requires otherwise. The words “include,”
“includes,” and “including” will be deemed to be followed by “without limitation.” Pronouns in
masculine, feminine and neuter genders will be construed to include any other gender, and words in
the singular form will be construed to include the plural and vice versa, unless the context
otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,” and
words of similar import refer to this Agreement as a whole and not to any particular subdivision,
unless expressly so limited. The parties intend that each representation, warranty and covenant
contained herein will have independent significance. If any party has breached any covenant
contained herein in any respect, the fact that there exists another covenant relating to the same
subject matter (regardless of the relative levels of specificity) that the party has not breached
will not detract from or mitigate the fact that the party is in breach of the first covenant.

     (l) Limitation of Liability. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NO PARTIES
HERETO SHALL BE LIABLE FOR ANY LOST PROFITS, COSTS OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES,
OR FOR ANY OTHER INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES ARISING OUT OF,
OR IN CONNECTION WITH, THIS AGREEMENT,

6

 

HOWEVER CAUSED, AND UNDER WHATEVER CAUSE OF ACTION OR THEORY OF LIABILITY BROUGHT (INCLUDING,
WITHOUT LIMITATION, UNDER ANY CONTRACT, NEGLIGENCE OR OTHER TORT THEORY OF LIABILITY), EVEN IF SUCH
PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. TO THE MAXIMUM EXTENT PERMITTED BY
APPLICABLE LAW, ADVISOR’S AGGREGATE LIABILITY FOR DIRECT DAMAGES UNDER THIS AGREEMENT
(CUMULATIVELY) SHALL BE LIMITED TO THE AMOUNTS DEEMED CONTRIBUTED TO THE CLIENTS HEREUNDER DURING
THE TWELVE (12) MONTHS PRIOR TO THE TIME THAT THE CAUSE OF ACTION AROSE.

SIGNATURE PAGE FOLLOWS

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

	 	 	 	 	 
	 	THE COMPANY:

Immediatek, Inc.,

a Nevada corporation

 	 
	 	By:  	/s/ PAUL MARIN
 	 
	 	 	Name:  	Paul Marin 	 
	 	 	Title:  	President 	 
	 
	 	DISCLIVE:

DiscLive, Inc.,

a Delaware corporation

 	 
	 	By:  	/s/ PAUL MARIN
 	 
	 	 	Name:  	Paul Marin 	 
	 	 	Title:  	President 	 
	 
	 	ADVISOR:

Radical Incubation LP,

a Delaware limited partnership

By: Radical Incubation Management LLC,

	 	 	a Delaware limited liability company,		 
	 	 	its general partner		 

 

	 
	 	By:  	/s/ MARTIN WOODALL
 	 
	 	 	Name:  	Martin Woodall 	 
	 	 	Title:  	Vice President 	 
	 

8

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