Document:

Exhibit 10.12

 

 

 

March 25, 2015

 

 

 

Georgeville Television LLC

7955 West 3rd Street

Los Angeles, CA 90048

 

 

RE: Letter of Intent for acquiring all
Domestic (U.S.) rights for the Series Z — Inspired by Zorro

 

This binding Letter Of Intent (L01) is entered
into by Zonzia Media Inc. ("Zonzia") and Georgeville Television LLC a Reliance Company ("GVTV") in connection
with the intended development, coproduction and distribution of the series with the current working title Z — Inspired
by Zorro ("Zorro" or the "Series"). Now therefore the parties agree as follows:

 

	1.		Series Elements: Zonzia commits to co-develop the Series subject to the following:

 

	a.		Approval of the Director for Episode 1 (with Louis Leterrier pre approved);

	b.		Approval of the Showrunner (Zonzia agrees not to unreasonably withhold its approval
of showrunner that is network approved);

	c.		Approval of the Series Creators (with Whit Brayton and Zack Rice pre-approved);

	d.		Approval of the draft script for Episode 1 (which Zonzia confirms it has received
and approved);

	e.		Approval of the series bible (which Zonzia confirms it has received and approved);
and

	f.		Receipt of a tentative financial plan and production budget for all ten episodes of
Season 1, the gross amount of which will be at least USD 28,000,000; and

	g.		Third party sales estimates for the Series.

 

The foregoing items are
hereinafter referred to as the "Series Elements".

 

	2.		Initial Commitment: Upon Zonzia approving or receiving (as applicable) each
of the Series Elements, this LO1 will automatically become a binding agreement between the parties and by no later than May 17,
2015, Zonzia will provide GVTV with USD 1,200,000 (the "Initial Funding") to be used by GVTV in connection with customary
preproduction activities including preparation of scripts for Episodes 2, 3, 4 and 5 for the Series and creation of the other
Greenlight Elements identified below. If the parties "greenlight" the Series, the Initial Funding will be amortized
across the entire production budget for Season 1. If the Series is not greenlit (i.e. if the Greenlight Elements are not mutually
approved by Zonzia and GVTV; or if GVTV fails to submit the Greenlight Elements in a timely fashion), then GVTV will return the
Initial Funding to Zonzia within ten (10) business days of such disapproval.

	3.		Greenlight: Formal "greenlight" of the Series will be contingent
upon the following:

 

 

112 West 34th Street, Suite
1555

New York, NY 10120

www.zonzia.com

 

 

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	a.		The submission and mutual approval of a detailed production budget and production
schedule/timeline for all ten Episodes of Season 1 of the Series (with the understanding that the production budget will include
the Initial Commitment) (the parties currently anticipate that the total gross production budget to produce all ten Episodes
of Season 1, inclusive of the Initial Commitment, will be USD 28,000,000);

	b.		The submission and mutual approval of the first 5 episode scripts; and

	c.		Mutual approval of the principal cast;

The foregoing items are hereinafter referred to as the "Greenlight
Elements." Each of the parties agrees that its respective approval of each Greenlight Element will not be unreasonably withheld,
conditioned or delayed.

 

	4.		Production Funding / Escrow: If the Series is greenlit as provided above, Zonzia
will fund USD 12,000,000 of the production budget for Season 1 of the Series (the "Production Funding"), less the Initial
Commitment. GVTV will be responsible for providing the remainder of the production budget and the parties agree that in no event
will Zonzia be required to fund more than USD 12,000,000 even if the gross production budget for Season 1 exceeds USD 28,000,000.
Zonzia will deposit the Production Funding into an escrow account controlled by the completion bond company for the Series prior
to the start of principal photography of Episode — 1. The Production Funding will not be released from escrow until the
balance of the "strike price" for Season 1 has been received by the completion bond company.

5.Series Rights / Revenue: If the Series is greenlit,
and provided HZonzia timely provides the Production Funding, the rights and revenue relating to the Series will be as follows:

	a.		Zonzia will retain all exclusive U.S. Linear, VOD, and SVOD rights to the Zorro Series
for a term of 24 months commencing on the earlier of (i) the date of initial U.S. exhibition of the last episode (Episode —
10) of the Series and (ii) six months after delivery of all Episodes to Zonzia.

	h.		Zonzia and GVTV will equally split 50/50 all net revenue received from Home Entertainment,
Gaming and Merchandising rights.

	c.		Zonzia will retain all exclusive U.S. Licensing and Branding rights to the Series
for the duration of the distribution term.

	d.		Zonzia will receive a total of 20% of Zorro's total net revenue from all other territories
worldwide which remains after payment of all distribution and sales fees and expenses, guild residuals, collection costs and recoupment
of the negative production cost and a mutually agreed return on equity).

	6.		Subsequent Seasons: The greenlighting of the second (and subsequent) season
will be contingent upon the first season meeting specific thresholds (TBD) which will be mutually agreed upon by Zonzia and GVTV.
If those thresholds are satisfied, and the parties mutually agree to greenlight the next season, Zonzia will have the exclusive
option to co-finance and license the subsequent season of the Series on materially the same terms hereof (with the understanding
that the production budget for subsequent seasons will increase which will result in a pro rata increase to the amount of the
Production Funding to be provided by Zonzia). Zonzia will retain all exclusive U.S. Linear, VOD and SVOD rights for each subsequent
season for a term of 24 months commencing from the initial U.S. exhibition of that season's last episode of the Series.

 

 

112 West 34th Street, Suite
1555

New York, NY 10120

www.zonzia.com

 

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A long-form agreement will follow which will entail in detail the
entire terms and conditions of this intended production and distribution partnership agreement will be executed between Zonzia
Media Inc. and Georgeville Television LLC. Until such time as the long form agreement is entered into, this LOI shall constitute
the sole and binding agreement between the parties regarding the Series.

 

 

 

 

 

112 West 34th Street, Suite
1555

New York, NY 10120

www.zonzia.com

 

    	3Exhibit 10.14

 

AMENDMENT No. 1 to EMPLOYMENT AGREEMENT

 

Effective Date: May 29, 2014

 

This Amendment No. 1 (this “Amendment”) to that certain
Employment Agreement between Zonzia Media, Inc., a Nevada corporation (formerly known as HDIMAX Media, Inc., the “Company”)
and Myles A. Pressey III (“Executive”) effective January 29, 2015 (the “Employment Agreement”), is entered
into as of the date set forth on the signature page hereto, and effective as of the date first set forth above by and between Executive
and the Company. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Employment
Agreement.

 

WHEREAS, on May 29, 2015, the Company and Executive, the Company’s
Chairman and Chief Business Development Officer, agreed to amend Executive’s Employment Agreement regarding future equity
compensation;

 

WHEREAS, the Employment Agreement originally called for the issuance
of a second equity award to Mr. Pressey in the amount of twenty-five million (25,000,000) shares upon the first anniversary of
employment, contingent only on Executive’s continued employment at such time;

 

WHEREAS, the Board of Directors of the Company and Executive agreed
to (i) increase the size of the potential equity award to sixty-two million five hundred thousand (62,500,000) shares, and (ii)
make the entire award subject to the achievement of corporate performance benchmarks set by the Board of Directors.

 

NOW, THEREFORE, in compliance with the provisions of the Employment
Agreement allowing for amendment thereof, and for good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Company and Executive agree as follows:

 

	1.		Revised Equity Compensation. Section 3B of the Employment Agreement
shall be amended and restated in its entirety, to read as set forth below:

 

“B. Bonus Plan- Equity Awards. Chief Business Development
Officer shall receive a one-time initial grant of shares of common stock in the corporation within 30 days of signing this Agreement
in an amount of one-hundred twenty-five million (125,000,000) shares.

 

Performance
Award. Upon the Company’s achievement of twenty-five million dollars ($25,000,000) in revenue on a consolidated reporting
basis for any calendar year, or the achievement of another corporate performance benchmark to be set by the Board of Directors,
a restricted stock issuance will be granted in the amount of sixty-two million five hundred thousand (62,500,000) shares, to be
issued on a fully vested basis over the years remaining in this Agreement in equal installments on the anniversary of the date
of this Agreement. All shares are to be common shares issued as restricted stock.”

 

	2.		General.

 

(a) Except for the amendments set forth herein, the Employment
Agreement shall remain in full force and effect without change.

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(b)This Amendment may be executed in counterparts, each of which
shall be an original, but all of which together shall constitute one and the same instrument.

 

(c) This Amendment shall be governed by and construed and enforced
in accordance with the laws of the State of California, without reference to the conflict of laws principles thereof.

 

(d) This Amendment and the Employment Agreement
shall constitute the entire agreement between the parties hereto pertaining to the subject matter hereof.

 

IN WITNESS WHEREOF, each of the undersigned has duly executed
this Amendment as of the date first written above.

 

 

	“Company”	ZONZIA MEDIA, INC., 
	 	a Nevada corporation
	 	 
	 	 
	 	By:  /s/ Stanley L. Teeple
	 	Name: Stanley L. Teeple
	 	Title:  Chief Compliance Officer
	 	 
	 	Date: July 6, 2015

 

 

 

	“Executive” 	/s/ Myles A. Pressey III
	By:  Stanley L. Teeple	 
	 	Date: July 6, 2015

 

 

 

[Signature page to Amendment No. 1 to Employment
Agreement]

 

 

 

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