Document:

Exhibit
10.77

 

 

BUSINESS
DEVELOPMENT SERVICES AGREEMENT

 

This
Business Development Agreement (the “Agreement”) is effective as of June 2, 2017 by and between Baishali Sen (“Contractor”)
and TheMaven Network, Inc. (“Company”).

 

WHEREAS,
Company wishes to engage Contractor for services described in Exhibit A.

 

NOW
THEREFORE, in consideration of the mutual covenants and agreements set forth herein, Contractor and Company hereby agree as
follows:

 

1.
Services: Company hereby agrees to retain Contractor as an independent contractor for services described in Exhibit A (the
“Services”), and Contractor hereby agrees to provide such Services to Company on the terms and conditions set forth
in this Agreement. Contractor shall use Contractor’s best efforts to perform the Services such that the results are satisfactory
to Company.

 

2.
Compensation: In compensation for the Services, Company shall pay Contractor the fee described in Exhibit A. Contractor
shall not be authorized to incur on behalf of Company any expenses and will be responsible for all expenses incurred while performing
the Services unless otherwise agreed to by Company in writing. As a condition to receipt of reimbursement, Contractor shall be
required to submit to Company supporting receipts.

 

3.
Payment: Contractor shall submit invoices monthly in reasonable detail including hours worked daily and such invoice will
be payable within 30 days after receipt of the invoice and confirmation by Company that the Services have been performed. The
first payment will be subject to receipt of an IRS form W-9 and direct deposit information (routing number and account number),
to be completed by Contractor within the first week of the engagement. Invoices shall be sent to ap@themaven.net or

 

Accounts
Payable

theMaven Network, Inc.

5048 Roosevelt Way

Seattle,
WA 98105

 

4.
Independent Contractor: In furnishing the Services, Contractor and Company agree that Contractor will at all times be acting
as an independent contractor of Company. As such, Contractor will not be an employee of Company and will not be entitled to participate
in or to receive any benefit or right under any of the Company’s employee benefit or welfare plans. Contractor understands
that it is Contractor’s responsibility to pay income taxes on the fees collected under this agreement in accordance with
federal, state and local laws, and that no deductions or withholdings for taxes or contributions of any kind shall be made by
Company.

 

5.
Method of Provision of Services: Contractor shall be solely responsible for determining the method, details and means of
performing the Services. Contractor acknowledges and agrees that Contractor has no authority to enter into contracts that bind
Company or create obligations on the part of Company without the prior written authorization of Company.

 

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6.
Work Product: As used herein, “Work Product” shall include, without limitation, all materials delivered to
Company in connection with this Agreement and all results, proceeds and products of the Services and shall further include, without
limitation, all copyrightable works, patents, ideas, inventions, technology, designs and other creations and any related work-in-progress,
improvements or modifications to the foregoing, that are created, developed or conceived (alone or with others) in connection
with Consultant’s activities for the Company (i) during the term hereof, and (ii) if based on Confidential Information (as
defined below), after termination of this Agreement.

 

All
Work Product shall be considered “work made for hire” (as such term is defined in 17 U.S.C. §101) and shall be
the sole property of Company, with Company having the right to obtain and hold in its own name all intellectual property rights
in and to such Work Product. To the extent that the Work Product may not be considered “work made for hire,” Contractor
hereby irrevocably assigns and agrees to assign to Company, without additional consideration, all right, title and interest in
and to all Work Product, whether currently existing or created or developed later, including, without limitation, all copyrights,
trademarks, trade secrets, patents, industrial rights and all other intellectual property and proprietary rights related thereto,
whether existing now or in the future, effective immediately upon the inception, conception, creation or development thereof.

 

7.
Confidentiality: Contractor shall not disclose Confidential Information (as defined below) to others, or use for Contractor’s
own benefit outside the strictures of this engagement, except as may be required by law. Contractor agrees that information, in
whatever form (written, oral, computer-based, digital, or other), relating in any way to: inventions; trade secrets; processes;
methods of processing and production; marketing strategies and tactics; business development plans; new club research; clients;
suppliers; vendors; members; prospective members or customers; prices; or any other information related to the business of Company
which Contractor may learn, invent, or develop during this engagement, shall at all times be considered confidential and proprietary,
and shall remain the exclusive property of Company (the “Confidential Information”). This definition of Confidential
Information does not include information that is rightfully and lawfully within the public domain. Contractor’s obligation
in this respect shall be considered ongoing and shall continue after the cessation of this engagement with Company.

 

8.
Responsibilities of the Parties; Liability: The Contractor’s duties and responsibilities shall be limited to those
specifically identified in this Agreement. Contractor provides no express or implied warranty for any Services performed by the
Contractor. Company’s liability to Contractor is limited to the amount of fees for the services for the most recent month
of service.

 

9.
Term: The term of this Agreement shall commence on the date first specified above, and shall continue until June 2, 2018
unless extended by mutual agreement, or until either party provides prior written notice of termination of at least ten (10) calendar
days to the Company. In the event of termination, Company shall be responsible for any portion of compensation owed to the Contractor
for any services rendered prior to the effective date of such termination.

 

10.
Entire Agreement/Modification/Waiver: This Agreement contains the entire and only agreement between the Contractor and
Company respecting the subject matter hereof, and no modification, renewal, extension, waiver or termination of this Agreement
or any of the provisions hereof shall be binding upon the Contractor or Company unless made in writing and signed by the Contractor
and Company.

 

11.
Survival of Terms: This Agreement shall be binding upon each party. The obligations in Section 6 shall survive the termination
of this Agreement.

 

12.
Severability: If any provision of this Agreement shall be determined to be invalid, illegal or otherwise unenforceable
by any court of competent jurisdiction, the validity, legality and enforceability of the other provisions of this Agreement shall
not be affected.

 

13.
Governing Law: This Agreement shall be governed by, and construed and enforced in accordance with, the substantive laws
of the State of Washington without regard to its principles of conflicts of laws.

 

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IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day and year above.

 

	By:	/s/
    Baishali Sen	 
	 	Baishali
    Sen	 

 

	TheMaven Network, Inc.	 
	 	 	 
	By:	/s/
    Bill Sornsin	 
	Name:	Bill
    Sornsin	 
	Title:
    	COO	 

 

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EXHIBIT
A

(Services
and Compensation)

 

The
Company Manager supervising this work is: Robert Scott

 

Contractor
agrees to provide these services:

 

	 	●	Business
    Development

 

	 	○	Identify
    potential publishers to join the network
	 	○	Make
    and manage introductions to approved publisher targets

 

	 	●	Network
    development:

 

	 	○	consulting
    on progressive political publishers and political network balance
	 	○
    	participate
    in daily network development team conference calls

 

Compensation for the Services will be:

 

$1,500
per calendar month (pro rata for partial months)

 

Bonus
compensation, which may include equity compensation, may be paid upon the signing of publishers first introduced to the Company
by Contractor, to be assessed on a case-by-case basis.

 

The
services will be completed by (date): June 2, 2018 unless extended by mutual agreement

 

Services
will be provided generally at this location: New York

 

Contractor’s
email: shalirsen@gmail.com Phone: 917-860-1261

 

Address:

 

9940
63rd Road, 1E

Rego
Park, NY 11374

 

    	 	A-1Exhibit
10.78

 

INDEPENDENT
DIRECTOR AGREEMENT

 

THIS
INDEPENDENT DIRECTOR AGREEMENT is made effective as of the 3rd day of November, 2017 (the “Agreement”),
between THEMAVEN, INC., a Delaware corporation with an address at 1500 Fourth Avenue, Suite 200, Seattle, WA 98101 (the “Company”),
and RINKU SEN (“Director”).

 

WHEREAS,
it is essential to the Company to retain and attract as directors the most capable persons available to serve on the board of
directors of the Company (the “Board”); and

 

WHEREAS,
the Company believes that Director possesses the necessary qualifications and abilities to serve as a director of the Company
and to perform the functions and meet the Company’s needs related to its Board,

 

NOW,
THEREFORE, in consideration of the mutual promises contained herein, the benefits to be derived by each party hereunder and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.
Service as Director. Director will serve as a director of the Company and perform all duties as a director of the Company,
including without limitation (a) attending meetings of the Board, (b) serving on one or more committees of the Board (each a “Committee”)
and attending meetings of each Committee of which Director is a member, and (c) using reasonable efforts to promote the business
of the Company. The Company currently intends to hold at least one in-person regular meeting of the Board and each Committee each
quarter, together with additional meetings of the Board and Committees as may be required by the business and affairs of the Company.
In fulfilling his responsibilities as a director of the Company, Director agrees that he shall act honestly and in good faith
with a view to the best interests of the Company and exercise the care, diligence and skill that a reasonably prudent person would
exercise in comparable circumstances.

 

2.
Compensation and Expenses.

 

(a)
Board Compensation. For the services provided to the Company as a director, the Director will be entitled to the compensation
provided for in the Director Compensation Plan of the Company, as such plan may be amended, modified or replaced from time to
time.

 

(b)
Expenses. Upon submission of appropriate receipts, invoices or vouchers as may be reasonably required by the Company, the
Company will reimburse Director for all reasonable out- of-pocket expenses incurred in connection with the performance of Director’s
duties under this Agreement.

 

(c)
Other Benefits. The Board (or its designated Committee) may from time to time authorize additional compensation and benefits
for Director, including additional compensation for service as chairman of a Committee and awards under any stock incentive, stock
option, stock compensation or long-term incentive plan of the Company.

 

3.
Director and Officer Liability Insurance. To the extent the Company maintains an insurance policy or policies providing
directors’ and officers’ liability insurance, Director shall be covered by such policy or policies, in accordance
with its or their terms, to the maximum extent of the coverage available for any of the Company’s directors or officers.

 

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4.
Limitation of Liability; Right to Indemnification. Director shall be entitled to limitations of liability and the right
to indemnification against expenses and damages in connection with claims against Director relating to his service to the Company
to the fullest extent permitted by the Company’s Certificate of Incorporation, as amended, and Bylaws (as such documents
may be amended from time to time), the General Corporation Law of the State of Delaware and other applicable law.

 

5.
Amendments and Waiver. No supplement, modification or amendment of this Agreement will be binding unless executed in writing
by both parties. No waiver of any provision of this Agreement on a particular occasion will be deemed or will constitute a waiver
of that provision on a subsequent occasion or a waiver of any other provision of this Agreement.

 

6.
Binding Effect. This Agreement will be binding upon and inure to the benefit of and be enforceable by the parties and their
respective successors and assigns.

 

7.
Severability. The provisions of this Agreement are severable, and any provision of this Agreement that is held by a court
of competent jurisdiction to be invalid, void, or otherwise unenforceable in any respect will not affect the validity or enforceability
of any other provision of this Agreement.

 

8.
Governing Law. This Agreement will be governed by and construed and enforced in accordance with the laws of the State of
Delaware applicable to contracts made and to be performed in that state without giving effect to the principles of conflicts of
laws.

 

9.
Entire Agreement. This Agreement constitutes the entire understanding between the parties with respect to the subject matter
hereof, superseding all negotiations, prior discussions and prior agreements and understanding relating to such subject matter.

 

10.
Miscellaneous. This Agreement may be executed by the Company and Director in any number of counterparts, each of which
shall be deemed an original instrument, but all of which together shall constitute but one and the same instrument. Any party
may execute this Agreement by facsimile signature and the other party will be entitled to rely on such facsimile signature as
evidence that this Agreement has been duly executed by such party. Any party executing this Agreement by facsimile signature will
promptly forward to the other party an original signature page by overnight courier. Director acknowledges that this Agreement
does not constitute a contract of employment and does not imply that the Company will continue his service as a director for any
period of time.

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date shown above.

 

	THEMAVEN,
    INC.	 	DIRECTOR
	 	 	 	 	 
	By:	/s/
    Josh Jacobs	 	/s/
    Rinku Sen
	Name:	Josh
    Jacobs	 	Name:	Rinku
    Sen
	Title:	Authorized
    Signatory	 	 

 

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