Document:

ex1018.htm

    Exhibit
10.18

     

    

      CONSULTING
AGREEMENT

       

      This
Consulting Agreement (this “Agreement”) is made
and entered into on August 13, 2008 by and between Sahara Media, Inc., a
Delaware corporation (the “Company”), 75
Franklin Street, 2nd Floor,
New York, NY 10013 (Fax No. 212-226-7451) and Aurelian Investments, LLC, a
Delaware limited liability company (“Consultant”), 146
West 57th Street,
50th
Floor, New York, New York 10019 (Fax No.646-224-8086).

       

      WITNESSETH

       

      WHEREAS, The Company has
determined that it is desirable to retain the Consultant under a consulting
agreement;

       

      WHEREAS, Consultant desires to
provide consulting services to the Company as an independent contractor in
accordance with the terms and conditions of this Agreement;

       

      NOW THEREFORE, with reference
to the foregoing facts, the Company and Consultant agree as
follows:

       

      1.        
    Engagement of
Consultant.  The Company hereby engages Consultant and
Consultant hereby agrees to render independent advisory and consulting services
for the Company to the best of its ability, upon the terms and conditions
hereinafter set forth.  Such consulting services shall include, but
not be limited to, consulting advice and performance of services as outlined in
Section 2 below.

       

      2.     
      Services.  During
the term of Consultant’s engagement, Consultant shall perform (by providing to
the Company the services of  Maxim Serezhin and Andrey Zouev),
those  services  related to the Company’s
business  as may be reasonably requested by the Company, including but
not limited to the Consultant’s providing advice, with respect to the Company’s
business operations and developing excel spreadsheets depicting financial,
revenue and competitive pricing models in addition to market analysis on
potential strategic opportunities (collectively, the “Services” or “Work
Product”).  All Work Product will be provided directly to the
Chief Executive Officer of the Company or his designeee and all Work Product
will remain the property of the Company.  The Services to be rendered
by the Consultant to the Company shall under no circumstances include, directly
or indirectly, the following:  (i) any activities which could be
deemed by the Securities and Exchange Commission to constitute investment
banking or any other activities required by the Consultant to register as a
broker-dealer under the Securities Exchange Act of 1934; (ii) any activities
which could be deemed to be in connection with the offer or sale of securities
in a capital-raising transaction; or (iii) any market making or promotional
activities regarding or involving the Company’s common stock.

      

      3.      
      Compensation

       

      3.1 In
consideration of the Services to be rendered by Consultant, and the performance
by Consultant of its obligations under this Agreement, within the earlier of (a)
seven days of the consummation of a transaction pursuant to which the
shareholders of the Company exchange all of their issued and outstanding shares
of common sock of the Company for shares in a corporation
(“Pubco”)  whose common stock is included for quotation on the
Over-the-Counter Bulletin Board (the “Reorganization”), or (b) February 11,
2009, the Consultant shall be issued a a total of 200,000 share of the Common
Stock of Pubco (or, if the Reorganization has not been consummated as of the
date of the issuance of such shares, the Company), of which 50,000 shares shall
be issued within the earlier of (a) seven days of the consummations of the
Reorganization and (b) February 11, 2009 (the “First Stock Issuance Date”) and
thereafter the balance shall be issued as follows:

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      (i)
50,000 shares of the restricted Common Stock of Pubco (or, if the Reorganization
has not been consummated, the Company) shall be issued to the Consultant six
months after the First Stock Issuance Date (the “Second Stock Issuance
Date”);

       

      (ii)
50,000 shares of the Common Stock of Pubco (or, if the Reorganization has not
been consummated, the Company) shall be issued to Consultant six months after
the Second Issuance Date (the “Third Stock Issuance Date”);

       

      (iii)
50,000 shares of the Common Stock of Pubco (or, if the Reorganization has not
been consummated, the Company) shall be issued to Consultant six months after
the  Third Stock Issuance Date.

       

      3.2  In
addition to the consideration to be paid to the Consultant pursuant to Section
3.1, the Consultant shall be issued options (in a form acceptable to the
Company) to purchase an aggregate of 200,000 shares of the common stock of Pubco
(or, if the Reorganization has not been consummated as of the date of the
issuance of such options, the Company) at $1.50 per share (subject to adjustment
as provided on the option), as follows:

       

      
        	
                (i)  

              	
                An
      Option to purchase 50,000 shares of the restricted common stock of Pubco
      (or, if the Reorganization has not been consummated, the Company) shall be
      issued to the Consultant at the earlier of (a) six months after the
      consummation of the Reorganization, or (b) August 11, 2009 (the “First
      Option Issuance Date”), unless this Agreement is terminated prior to the
      First Option Issuance Date in which case such Option shall not be
      granted;

              

      

       

      
        	
                (ii)  

              	
                An
      Option to purchase 50,000 shares of the restricted common stock of Pubco
      (or, if the Reorganization has not been consummated, the Company) shall be
      issued to the Consultant six months after the First Option Issuance Date
      (the “Second Option Issuance Date”), unless this Agreement is terminated
      prior to the Second Option Issuance Date in which case such Option shall
      not be granted;

              

      

       

      
        	
                (iii)  

              	
                An
      Option to purchase 50,000 shares of the restricted common stock of Pubco
      (or, if the Reorganization has not been consummated, the Company) shall be
      issued to the Consultant six months after the Second Option Issuance Date
      (the “Third Option Issuance Date”); unless this Agreement is terminated
      prior to the Third Option Issuance Date in which case such Option shall
      not be granted;

              

      

       

      
        	
                (iv)  

              	
                An
      Option to purchase 50,000 shares of the restricted common stock of Pubco
      (or, if the Reorganization has not been consummated, the Company) shall be
      issued to the Consultant six months after the Third Option Issuance Date
      (the “Fourth Option Issuance Date”); unless this Agreement is terminated
      prior to the Fourth Option Issuance Date in which case such Option shall
      not be granted.

              

      

       

      3.3
 The Company agrees to reimburse Consultant on a pre-approved basis for all
of Consultant’s reasonable out-of-pocket fees, expenses and costs (over $250.00)
incurred in connection with the performance of Consultant’s services under this
Agreement, provided the Consultant presents the Company with appropriate
receipts for such expenses. Notwithstanding anything to the contrary herein, the
Consultant hereby agrees that the Consultant will use his own materials,
including laptop, cell phone, car and blackberry in order to provide the
Services and will not be reimbursed for the use of these materials.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      4.             Term.  The
engagement of Consultant shall commence on August 11, 2008 and shall continue
until the earliest to occur of the following (the “Consulting
Period”):

       

      4.1 The
earlier of eighteen month from the date of the consummation of the
Reorganization or August 11, 2011.

       

      4.2 Upon
death or disability of Maxim Serezhin or Andrey Zouev;

       

      4.3 By the
Company “with cause,” effective upon delivery of written notice to Consultant
given at any time (without any necessity for prior notice) if any one or more of
the following shall occur:

       

      4.3.1 a  breach
of this Agreement by Consultant, which breach has not been cured within 5 days
after a written demand for such performance is delivered to Consultant by the
Company that reasonably identifies the manner in which the Company believes that
Consultant has breached this Agreement;

       

      4.3.2 any act
or event which inhibits Consultant from fully performing his responsibilities to
the Company in good faith;

       

      4.3.3 a felony
conviction of Maxim Serezhin or Andrey Zouev;

       

      4.3.4 breach of
the confidentiality obligations of Consultant, Maxim Serezhin and/or Andrey
Zouev under this Agreement; or if

       

      4.3.5 Consultant,
Maxim Serezhin, and/or Andrey Zouev commit any act of material dishonesty,
carelessness or misconduct.

       

      4.4 Upon
notice from the Company to Consultant other than pursuant to Section 4.2 or
4.3.

       

      If this
Agreement is terminated prior to the end of the Consulting Period, the Company
shall pay to Consultant all fees earned and all reasonable expenses incurred
(provided such expenses were pre-approved as provided by this Agreement) as of
the time of such termination.

       

      5.             Representations and Warranties
of
Consultant.

       

      5.1
Consultant is under no contractual restriction or other restrictions or
obligations that are inconsistent with this Agreement, the performance of its
duties and the covenants hereunder.

       

      5.2
Consultant has had the opportunity to ask questions of, and to receive answers
from, appropriate executive officers of the Company with respect to the terms
and conditions of the transactions contemplated hereby and with respect to the
business, affairs, financial condition and results of operations of the
Company.

       

      5.3 Consultant acknowledges that the
acquisition of the securities to be issued pursuant to this Agreement (the
“Securities”) involves a high degree of risk including, but not limited to, the
following: (a) the Company remains a development stage business with a limited
operating history; (b) an investment in the Securities and Pubco is highly
speculative, and only investors who can afford the loss of their entire
investment should consider investing in Pubco and the Securities; (c) the
Consultant may not be able to liquidate the Securities; (d) transferability of
the Securities is extremely limited; and (e) the Company and Pubco may issue
additional securities in the future which have rights and preferences that are
senior to those of the Securities.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      

      5.4
Consultant represents that the Securities that the Consultant will acquire
pursuant to this Agreement will be acquired for investment, and not with a view
to the resale or distribution of any part thereof, and that the Consultant has
no present intention of selling, granting any participation in, or otherwise
distributing the same. Consultant further represents that the Consultant does
not presently have any contract, undertaking, agreement or arrangement with any
person to sell or transfer to such person or to any third person, with respect
to any of the Securities.

       

      5.5
Consultant acknowledges that the Common Stock and Option  being issued
pursuant to this Agreement and the shares of common stock issuable upon exercise
of the Option have not been, and will not when issued be, registered under the
Securities Act of 1933, as amended (the “Securities Act”).  The
Consultant acknowledges that the Securities will be when issued “restricted
securities” under applicable U.S. federal and state securities laws and that,
pursuant to these laws, the Consultant must hold the Securities indefinitely
unless they are registered with the Securities and Exchange Commission and
qualified by state authorities or an exemption from such registration and
qualification requirements is available.  The Consultant acknowledges
that the Company (and Pubco) has no obligation to register or qualify the
Securities for resale.  The Consultant further acknowledges that if an
exemption from registration or qualification is available, it may be conditioned
on various requirements including, but not limited to, the time and manner of
sale, the holding period for the Securities, and on requirements relating to the
Pubco which are outside of the Company’s control, and which the Company and
Pubco are under no obligation and may not be able to
satisfy.  Consultant acknowledges that no market now exists for the
common stock of the Company, and a very limited public market now exists for the
common stock of Pubco, and that the Company has made no assurances that a public
market will ever exist for the common stock of Pubco or the
Company.

       

      5.6
Unless the Securities being issued to the Consultant pursuant to this Agreement
are registered under the Securities Act, all certificates representing
securities issued pursuant to this Agreement shall bear legends in substantially
the following form:

       

      
        	
                 
      

              	
                THESE
      SECURITIES HAVE NOT BEEN REGISTERED OR OTHERWISE QUALIFIED UNDER THE
      SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE
      SECURITIES LAWS OF ANY STATE. NEITHER THESE SECURITIES NOR ANY INTEREST
      THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE
      ABSENCE OF REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE
      SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS
      THEREFROM.

              

      

      

      and/or
such other legend or legends as the Company and/or Pubco and their counsel deem
necessary or appropriate. Appropriate stop transfer instructions with respect to
the Securities have been placed with the Company's transfer agent

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      6.            
Independent
Contractor.  It is expressly agreed that Consultant is acting
as an independent contractor in performing its services hereunder, and this
Agreement is not intended to, nor does it create, an employer-employee
relationship nor shall it be construed as creating any joint venture or
partnership between the Company and Consultant.  Consultant shall be
responsible for all applicable federal, state and other taxes related to
Consultant’s consulting fee and the Company shall not withhold or pay any such
taxes on behalf of Consultant, including without limitation social security,
federal, state and other local income taxes.  Since Consultant is
acting solely as an independent contractor under this Agreement, Consultant
shall not be entitled to insurance or other benefits normally provided by
Company to its employees.  Consultant shall be relying upon the
Company to supply accurate data and information without independent
verification.

       

      7.             Assignment.  The
Company is entering into this Agreement in reliance upon and in consideration of
the skills and qualifications of Consultant.  Consultant may not
assign or delegate any of its rights or obligations under this Agreement without
the prior written consent of the Company, which consent may be withheld for any
reason.

       

      8.            
Disclaimer of Responsibility for Acts
of Company.  The obligations of the Consultant described in
this Agreement consist solely of the Services to Company.  In no event
shall Consultant be required by this Agreement to act as the agent of Company or
otherwise to represent or make decisions for Company.  All final
decisions with respect to acts of Company or its affiliates, whether or not made
pursuant to or in reliance on information or advice furnished by Consultant
hereunder, shall be those of the Company or such affiliates and Consultant shall
under no circumstances be liable for any expense incurred or loss suffered by
the Company as a consequence of such decisions.

       

      9.             
Indemnity.  Each
party agrees to indemnify, defend and hold the other party (and its directors,
officers, employees and agents) harmless against any and all claims, loss, cost,
liability, or expense (including, without limitation, reasonable attorneys’ fees
and costs) incurred, sustained and/or paid by such other party arising out of
(a) any breach by such party of any of its representations, warranties or
covenants made under or in connection with this Agreement, or (b) the gross
negligence or willful misconduct of such party in its performance under this
Agreement.

       

      10.           Confidentiality.  Confidential
Information.   In
consideration of the compensation and benefits to be paid or provided to the
Consultant by the Company under this Agreement, the Consultant, Maxim Serezhin,
and Andrey Zouev each covenants as follows:

      

      (a)           Confidentiality.

      

      (i)           During
and following the Consulting Period, the Consultant, Maxim Serezhin, and Andrey
Zouev will each hold in confidence the Confidential Information and will not
disclose it to any person except with the specific prior written consent of the
Company or except as otherwise expressly permitted by the terms of this
Agreement.

      

      (ii)           Any
trade secrets of the Company will be entitled to all of the protections and
benefits under any applicable law. If any information that the Company deems to
be a trade secret is found by a court of competent jurisdiction not to be a
trade secret for purposes of this Agreement, such information will,
nevertheless, be considered Confidential Information for purposes of this
Agreement. The Consultant, Maxim Serezhin, and Andrey Zouev each hereby waive
any requirement that the Company submits proof of the economic value of any
trade secret or posts a bond or other security.

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      

      (iii)           None
of the foregoing obligations and restrictions applies to any part of the
Confidential Information that the Consultant, Maxim Serezhin, and Andrey Zouev
demonstrate was or became generally available to the public other than as a
result of a disclosure by the Consultant, Maxim Serezhin, and/or Andrey
Zouev.

      

      (iv)           The
Consultant, Maxim Serezhin, and Andrey Zouev will not remove from the Company’s
premises (except to the extent such removal is for purposes of the performance
of the Consultant's duties at home or while traveling, or except as otherwise
specifically authorized by the Company) any document, record, notebook, plan,
model, component, device, or computer software or code, whether embodied in a
disk or in any other form (collectively, the "Proprietary Items"). The
Consultant, Maxim Serezhin, and Andrey Zouev each recognize that, as between the
Company and them, all of the Proprietary Items, whether or not developed by the
Consultant, Maxim Serezhin, or Andrey Zouev, are the exclusive property of the
Company. Upon termination of this Agreement by either the Company or Consultant
or upon the request of the Company, the Consultant, Maxim Serezhin and Andrey
Zouev will return to the Company all of the Proprietary Items in their
possession or subject to the their control, and they shall not retain any
copies, abstracts, sketches, or other physical embodiment of any of the
Proprietary Items.

      

      (b)           Consultant
Inventions.  Each Consultant Invention will belong exclusively
to the Company.  The Consultant, Maxim Serezhin, and Andrey Zouev each
acknowledge that all of the Consultant's writing, works of authorship, and other
Consultant Inventions made during the term of this Agreement are works made for
hire and the property of the Company, including any copyrights, patents, or
other intellectual property rights pertaining thereto.  If it is
determined that any such works are not works made for hire, the Consultant,
Maxim Serezhin, and Andrey Zouev hereby assign to the Company all of the their
respective rights, title, and interests, including all rights of copyright,
patent, and other intellectual property rights, to or in such Consultant
Inventions.  The Consultant, Maxim Serezhin, and Andrey Zouev
covenants that it or he, as the case may be, will promptly:

      

      (i)           disclose
to the Company in writing any Consultant Invention;

      

      (ii)           assign
to the Company or to a party designated by the Company, at the Company’s request
and without additional compensation, all of the Consultant's right to the
Consultant Invention for the United States and all foreign
jurisdictions;

      

      (iii)           execute
and deliver to the Company such applications, assignments, and other documents
as the Company may request in order to apply for and obtain patents or other
registrations with respect to any Consultant Invention in the United States and
any foreign jurisdictions;

      

      (iv)           sign
all other papers necessary to carry out the above obligations; and

      

      (v)           give
testimony and render any other assistance in support of the Company's rights to
any Consultant Invention.

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      

      (c)           Disputes or
Controversies.  The
Consultant, Maxim Serezhin, and Andrey Zouev each recognize that should a
dispute or controversy arising from or relating to this Agreement be submitted
for adjudication to any court, arbitration panel, or other third party, the
preservation of the secrecy of Confidential Information may be jeopardized. All
pleadings, documents, testimony, and records relating to any such adjudication
will be maintained in secrecy and will be available for inspection by the
Company, the Consultant, and their respective attorneys and experts, who will
agree, in advance and in writing, to receive and maintain all such information
in secrecy, except as may be limited by them in writing.

      

      (d)           Definitions.

      

      (a) For
the purposes of this Section, "Confidential Information" shall mean any and
all:

      

      (i)           trade
secrets concerning the business and affairs of the Company, product
specifications, data, know-how, formulae, compositions, processes, designs,
sketches, photographs, graphs, drawings, samples, inventions and ideas, past,
current, and planned research and development, current and planned manufacturing
or distribution methods and processes, customer lists, current and anticipated
customer requirements, price lists, market studies, business plans, computer
software and programs (including object code and source code), computer software
and database technologies, systems, structures, and architectures (and related
formulae), compositions, processes, improvements, devices, know-how, inventions,
discoveries, concepts, ideas, designs, methods and information, and any other
information, however documented, that is a trade secret;

      

      (ii)           information
concerning the business and affairs of the Company (which includes historical
financial statements, financial projections and budgets, historical and
projected sales, capital spending budgets and plans, the names and backgrounds
of key personnel, personnel training and techniques and materials), however
documented; and

      

      (iii)           notes,
analysis, compilations, studies, summaries, and other material prepared by or
for the Company containing or based, in whole or in part, on any information
included in the foregoing.

      

      (b)   For the
purposes of this Section, "Consultant Invention" shall mean any idea, invention,
technique, modification, process, or improvement (whether patentable or not),
any industrial design (whether registerable or not), any mask work, however
fixed or encoded, that is suitable to be fixed, embedded or programmed in a
semiconductor product (whether recordable or not), and any work of authorship
(whether or not copyright protection may be obtained for it) created, conceived,
or developed by the Consultant , Maxim Serezhin, and/or Andrey Zouev either
solely or in conjunction with others, during the Consulting Period, or a period
that includes a portion of the Consulting Period, that relates in any way to, or
is useful in any manner in, the business then being conducted or proposed to be
conducted by the Company, and any such item created by the
Consultant,  Maxim Serezhin, and/ or Andrey Zouev either solely or in
conjunction with others that is based upon or uses Confidential
Information.

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      (e)        
Publication and Release of Information: Consultant, Maxim Serezhin, and Andrey
Zouev shall not disseminate, publish or publicly release any press release or
other document regarding the Company that has not been approved in advance by
the Company in writing.

       

      11.          
Company
Information.  The Consultant is not entitled to receive or be
privileged to any information regarding the Company or the Company’s business
unless it directly and materially relates to the Services he is providing at the
time.

       

      12.          
Release. Consultant,
Maxim Serezhin, and Andrey Zouev each hereby fully and forever waives, releases,
acquits and discharges Company and its successors, agents and assigns and all
others acting by, through or in concert with it (collectively, the “Released
Parties”), from any and all claims, liabilities, obligations, payments, causes
of action, rights, damages, debts, penalties, forfeitures, judgments, costs
(including attorney’s fees), or executions of any nature whatsoever, whether
known or unknown, that now exist, may arise from, relate to or by virtue or by
virtue of any matter, cause, event or thing arising from the beginning of the
world to the date of this Agreement, and any unasserted claims which Consultant,
Maxim Serezhin, and Andrey Zouev, as applicable, may possess against the
Released Parties.

       

      13.          
Complete
Agreement.  This Agreement supersedes any and all of the other
agreements, either oral or in writing, between the Company and the Consultant
with respect to the subject matter hereof and contains all of the covenants and
agreements between the parties with respect to such subject matter in any manner
whatsoever. Each party to this Agreement acknowledges that no representations,
inducements, promises or agreements, oral or otherwise, have been made by any
party, or anyone herein, and that no other agreement, statement or promise not
contained in this Agreement shall be valid or binding.

       

      14.           Amendment.  No
amendment to this Agreement shall be valid unless such amendment is in writing
and is signed by authorized representatives of both parties to this
Agreement.

       

      15.           Waiver.  Any of the
terms and conditions of this Agreement may be waived at any time and from time
to time in writing by the party entitled to the benefit thereof, but a waiver in
one instance shall not be deemed to constitute a waiver in any other
instance.  A failure to enforce any provision of this Agreement shall
not operate as a waiver of this provision or of any other provision
hereof.

       

      16.          
Notices.  All
notices, requests, demands and other communications (collectively, “Notices”) given pursuant to
this Agreement shall be in writing, and shall be delivered by personal service,
facsimile transmission or by over night courier, addressed to the party at the
address set forth in the introductory paragraph of this Agreement and, in the
case of  the Company, with a copy to Marc Ross, Esq., Sichenzia Ross
Friedman Ference LLP 61 Broadway, New York, New York 10006, (212) 930-9725
(fax).  Any Notice shall be effective when sent. Any party may from
time to time change its address for further Notices hereunder by giving notice
to the other party in the manner prescribed in this Section.

       

      17.           Severability.  In
the event that any provision of this Agreement shall be held to be invalid,
illegal or unenforceable in any circumstances, the remaining provisions shall
nevertheless remain in full force and effect and shall be construed as if the
unenforceable portion or portions were deleted.

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      18.           Assignment.  This
Agreement shall be binding upon and inure to the benefit of the parties and
their respective successors and permitted assigns.  Any attempt by
either party to assign any rights, duties or obligations which may arise under
this Agreement without the prior written consent of the other party shall be
void.

       

      19.          
Governing Law This Agreement
shall be interpreted and performed in accordance with the laws of the State of
New York, and the parties agree, notwithstanding the principles of conflicts of
law, that the internal laws of the State of New York shall govern and control
the validity, interpretation, performance, and enforcement of this
Agreement.  Any action brought by either party against the other
concerning the transactions contemplated by this Agreement shall be brought only
in the state courts of New York or in the federal courts located in the State of
New York.  The parties and the individuals executing this Agreement
and other agreements referred to herein or delivered in connection herewith on
behalf of the Company agree to submit to the jurisdiction of such courts and
waive trial by jury.

       

      20.          
Counterparts.  This
Agreement may be executed in any number of counterparts, each of which may be
deemed an original and all of which together will constitute one and the same
instrument.

       

      21.           Headings.  The
section headings in this Agreement are solely for convenience of reference and
shall be given no effect in the construction or interpretation of this
Agreement.

       

      IN
WITNESS WHEREOF, the parties execute this Agreement as of the date first above
written.

       

      
        
          	 	Company:	 
	 	 	 
	 	SAHARA MEDIA,
    INC.	 
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ Philmore
      Anderson IV	 
	 	 	Name: Philmore
      Anderson IV	 
	 	 	Title: President
      and Chief Executive Officer	 

        

      

       

      
        	 	Consultant:	 
	 	 	 
	 	Aurelian Investments,
      LLC	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Maxim
      Serezhim	 
	 	 	BY:  Maxim Serezhin, Managing Partner	 
	 	 	 	 
	 	Solely
      with respect to Section 10 and Section 12:	 
	 	 	 	 
	 	 	/s/ Maxim Serezhin	 
	 	 	 	 
	 	Solely
      with respect to Section 10 and Section 12:	 
	 	 	 	 
	 	 	/s/ Andrey Zouev	 
	 	 	Andrey Zouev	 

      

       

      9Unassociated Document

    Exhibit
10.19

     

    
      

      THIS AGREEMENT  (this
Agreement) is dated as of June 10, 2008, among Sahara Media, Inc. a Delaware
corporation (the “Company”) and Philmore Anderson IV (the
“Investor”).

      

      WHEREAS, the Company owes Investor Six
Hundred Sixty Thousand for accrued salary owed to him but not paid to him (the
“Salary”);

      

      WHEREAS, the Investor has agreed to
forgo the Salary in exchange for the Company’s issuing the Investor One Hundred
Thousand (100,000) shares of the Company’s common stock.

      

      WHEREAS,
subject to the terms and conditions set forth in this Agreement and pursuant to
Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”),
and Rule 506 promulgated thereunder, the Company desires to issue to the
Investor securities of the Company as more fully described in this
Agreement;

      

      NOW, THEREFORE, IN CONSIDERATION of the
mutual covenants contained in this Agreement and for other good and valuable
consideration the receipt and adequacy of which are hereby acknowledged, the
Company and the Investor agree as follows:

      

      Issuance of
Shares  In consideration for the Investor’s forging the Salary,
the Company shall within five business days of the date hereof issue the
Investor One Hundred Thousand (100,000) shares of the Company’s common stock
(the “Shares”).

      

      Salary In
consideration for the Company’s issuance of the Shares, Investors hereby forgoes
receipt of the Salary and hereby releases the Company from its obligation to pay
Investor the Salary.

      

      Authorization of the
Company  The Company has the requisite corporate power and
authority to enter into and to consummate the transactions contemplated by this
Agreement  and otherwise to carry out its obligations hereunder and
thereunder.  The execution and delivery of this Agreement has been
authorized by all necessary action on the part of the Company and no further
action is required by the Company, its board of directors or its stockholders in
connection therewith.

      

      Representations and
Warranties of the Investor   Investor  hereby, for
itself and no other person, represents and  warrants as of the date
hereof to the Company as follows:

      

      (a) Investor
understands that the Shares are restricted securities and have not been
registered under the Securities Act or any applicable state securities law and
is acquiring the Shares as principal for its own account and not with a view to
or for distributing or reselling such Shares or any part thereof in violation of
the Securities Act or any applicable state securities law, has no present
intention of distributing any of such Shares in violation of the Securities Act
or any applicable state securities law and has no arrangement or understanding
with any other persons regarding the distribution of such Shares (this
representation and warranty not limiting such Investor’s right to sell the
Shares pursuant to an effective registration statement or otherwise in
compliance with applicable federal and state securities laws) in violation of
the Securities Act or any applicable state securities law. Such Investor is
acquiring the Shares hereunder in the ordinary course of its
business.  Such Purchaser does not have any agreement or
understanding, directly or indirectly, with any Person to distribute any of the
Shares.

       

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      (b) Purchaser
Status.  At the time such Investor was offered the Shares, it
was, and at the date hereof it is (i) an “accredited investor” as defined in
Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under the Securities Act. Such
Purchaser is not required to be registered as a broker-dealer under Section 15
of the Exchange Act.

       

      (c) Experience of Such
Purchaser.  Such Investor, either alone or together with its
representatives, has such knowledge, sophistication and experience in business
and financial matters so as to be capable of evaluating the merits and risks of
the prospective investment in the Shares, and has so evaluated the merits and
risks of such investment.  Such Shares is able to bear the economic
risk of an investment in the Securities and, at the present time, is able to
afford a complete loss of such investment.

       

      (d) General
Solicitation.  Such Investor is not purchasing the Shares as a
result of any advertisement, article, notice or other communication regarding
the Shares published in any newspaper, magazine or similar media or broadcast
over television or radio or presented at any seminar or any other general
solicitation or general advertisement.

       

      (e) Such
Investor understands that the Shares are being, issued offered and sold to it in
reliance on specific exemptions from the registration requirements of United
States federal and state securities laws and that they Company is relying in
part upon the truth and accuracy of, and such Investor’s compliance with, the
representations, warranties, agreements, acknowledgements and understandings of
such Investor set forth herein in order to determine the availability of such
exemptions and the eligibility of such Investor to acquire the
Shares.

       

      (f) No Governmental
Review.  Such Investor understands that no United States,
federal or state agency or any other government or governmental agency has
passed on or made any recommendation or endorsement of the Shares or the
fairness or suitability of the investment in the Shares nor have such
authorities passed upon or endorsed the merits of the offering of the
Shares.

       

      (i)   Adequacy of
Consideration   Investor herby acknowledges that adequacy of
the consideration it is receiving pursuant to this Agreement in relation its
obligations pursuant to this Agreement.

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      (g) Transfer
Restrictions.   The Securities may only be disposed of in
compliance with state and federal securities laws. In connection with any
transfer of the Securities other than pursuant to an effective registration
statement or Rule 144 promulgated under the Securities Act, the Company may
require the transferor thereof to provide to the Company an opinion of counsel
selected by the transferor and reasonably acceptable to the Company, the form
and substance of which opinion shall be reasonably satisfactory to the Company,
to the effect that such transfer does not require registration of such
transferred Securities under the Securities Act.  As a condition of
such transfer, any such transferee shall agree in writing to be bound by the
terms of this Agreement and shall have the rights of a Purchaser under this
Agreement.

       

      (h) The
Shares will be imprinted so long as is required by this Section  of a
legend on any of the Shares in the following form:

       

      THESE
SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO
SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
COMPANY. THESE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL
INSTITUTION THAT IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a) UNDER THE
SECURITIES ACT.

      

      (i) The
Shares may only be disposed of in compliance with state and federal securities
laws. In connection with any transfer of the Shares other than pursuant to an
effective registration statement or Rule 144, or in connection with a pledge as
contemplated in this Shares, the Company may require the transferor thereof to
provide to the Company an opinion of counsel selected by the transferor and
reasonably acceptable to the Company, the form and substance of which opinion
shall be reasonably satisfactory to the Company, to the effect that such
transfer does not require registration of such transferred Securities under the
Securities Act.  As a condition of such transfer, any such transferee
shall agree in writing to be bound by the terms of this Agreement and shall have
the rights of a Purchaser under this Agreement.

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      (j) The
Shares will be imprinted so long as is required by this Section 4.1(b), of a
legend on any of the Securities in the following form:

       

      THESE
SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO
SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
COMPANY. THESE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL
INSTITUTION THAT IS AN “ACCREDITED INVESTOR” AS DEFINED IN RULE 501(a) UNDER THE
SECURITIES ACT.

      

      The
Company acknowledges and agrees that a the holder of the Shares may from time to
time pledge pursuant to a bona fide margin agreement with a registered
broker-dealer or grant a security interest in some or all of the Shares to a
financial institution that is an “accredited investor” as defined in Rule 501(a)
under the Securities Act and who agrees to be bound by the provisions of this
Agreement and, if required under the terms of such arrangement, such holder may
transfer pledged or secured Shares to the pledgees or secured
parties.  Such a pledge or transfer would not be subject to approval
of the Company and no legal opinion of legal counsel of the pledgee, secured
party or pledgor shall be required in connection therewith.  Further,
no notice shall be required of such pledge.  At the
appropriate  holder’s expense, the Company will execute and deliver
such reasonable documentation as a pledgee or secured party of Shares may
reasonably request in connection with a pledge or transfer of the Shares,
including, if the Shares are subject to registration, the preparation and filing
of any required prospectus supplement under Rule 424(b)(3) under the Securities
Act or other applicable provision of the Securities Act to appropriately amend
the list of Selling Stockholders thereunder.

       

      Investor
on behalf of Investor’s agents, heirs and assigns jointly and severally (the
“Investor  Releasing Parties”) unconditionally and irrevocably release
and forever discharge the Company  and its successors, assigns,
shareholders, agents, directors, officers, employees, and attorneys,
(collectively, the "Indemnitees") from all Investor Claims, as defined below,
and jointly and severally agree to indemnify Indemnitees, and hold them harmless
from any and all claims, losses, causes of action, costs and expenses of every
kind or character in connection with the Investor Claims.  As used in
this Agreement, the term "Investor claims" shall mean any and all possible
claims, demands, actions, costs, expenses and liabilities whatsoever, known or
unknown, at law or in equity, originating in whole or in part, on or before the
date of this Agreement, which the Investor Releasing Parties any of its
officers, directors, shareholders agents or employees, may now or hereafter have
against the Indemnitees, if any, and irrespective of whether any such Investor
Claims arise out of contract, tort, violation of laws, or
regulations.

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      

      MISCELLANEOUS

      

      Section
1.2 Entire
Agreement.  This Agreement contains the entire understanding of
the parties with respect to the subject matter hereof and supersede all prior
agreements and understandings, oral or written, with respect to such matters,
which the parties acknowledge have been merged into such documents, exhibits and
schedules.

       

      Section
1.3 Notices.  Any
and all notices or other communications or deliveries required or permitted to
be provided hereunder shall be in writing and shall be deemed given and
effective on the earliest of (a) the date of transmission, if such notice or
communication is delivered via facsimile at the facsimile number set forth on
the signature pages attached hereto prior to 5:30 p.m. (Eastern Time) on a
business day, (b) the next business day after the date of transmission, if
such notice or communication is delivered via facsimile at the facsimile number
set forth on the signature pages attached hereto on a day that is not a business
day or later than 5:30 p.m. (Eastern Time) on any Trading Day, (c) the 2nd Trading
Day following the date of mailing, if sent by U.S. nationally recognized
overnight courier service, or (d) upon actual receipt by the party to whom such
notice is required to be given.  The address for such notices and
communications shall be as set forth on the signature pages attached hereto
until changed by notice given in accordance with this Section.

       

      Section
1.4 Amendments;
Waivers.  No provision of this Agreement may be waived or
amended except in a written instrument signed, in the case of an amendment, by
the Company and the Investor or, in the case of a waiver against any other
party, by the party against whom enforcement of any such waiver is
sought.  No waiver of any default with respect to any provision,
condition or requirement of this Agreement shall be deemed to be a continuing
waiver in the future or a waiver of any subsequent default or a waiver of any
other provision, condition or requirement hereof, nor shall any delay or
omission of either party to exercise any right hereunder in any manner impair
the exercise of any such right.

       

      Section
1.5 Headings.  The
headings herein are for convenience only, do not constitute a part of this
Agreement and shall not be deemed to limit or affect any of the provisions
hereof. The language used in this Agreement will be deemed to be the language
chosen by the parties to express their mutual intent, and no rules of strict
construction will be applied against any party.

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      Section
1.6 Successors
and Assigns.  This Agreement shall be binding upon and inure to
the benefit of the parties and their successors and permitted
assigns.  The parties may not assign this Agreement or any rights or
obligations hereunder without the prior written consent of the other
party.  

       

      Section
1.7 No
Third-Party Beneficiaries.  This Agreement is intended for the
benefit of the parties hereto and their respective successors and permitted
assigns and is not for the benefit of, nor may any provision hereof be enforced
by, any other person, except as otherwise set forth herein.

       

      Section
1.8 Governing
Law.  All questions concerning the construction, validity,
enforcement and interpretation of this Agreement or the transaction contemplated
thereby shall be governed by and construed and enforced in accordance with the
internal laws of the State of New York, without regard to the principles of
choice of law and conflicts of law thereof.  Each party agrees that
all legal proceedings concerning the interpretations, enforcement and defense of
the transactions contemplated by this Agreement (whether brought against a party
hereto or its respective affiliates, directors, officers, stockholders,
employees or agents) shall be commenced exclusively in the state and federal
courts sitting in the City of New York.  Each party hereto hereby
irrevocably submits to the exclusive jurisdiction of the state and federal
courts sitting in the City of New York, borough of Manhattan for the
adjudication of any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein (including with respect to
the enforcement of any this Agreement, and hereby irrevocably waives, and agrees
not to assert in any suit, action or proceeding, any claim that it is not
personally subject to the jurisdiction of any such court, that such suit, action
or proceeding has been commenced in an improper or inconvenient venue for such
proceeding.  Each party hereto hereby irrevocably waives personal
service of process and consents to process being served in any such suit, action
or proceeding by mailing a copy thereof via registered or certified mail or
overnight delivery (with evidence of delivery) to such party at the address in
effect for notices to it under this Agreement and agrees that such service shall
constitute good and sufficient service of process and notice thereof. Nothing
contained herein shall be deemed to limit in any way any right to serve process
in any manner permitted by law.  Each party hereto hereby irrevocably
waives, to the fullest extent permitted by applicable law, any and all right to
trial by jury in any legal proceeding arising out of or relating to this
Agreement or the transactions contemplated hereby.  If either party
shall commence an action or proceeding to enforce any provisions of this
Agreement  then the prevailing party in such action or proceeding
shall be reimbursed by the other party for its reasonable attorneys’ fees and
other costs and expenses incurred with the investigation, preparation and
prosecution of such action or proceeding.

       

      Section
1.9 Survival.  The
representations, warranties, agreements and covenants contained herein shall
survive the delivery of the Shares.

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      Section
1.10 Execution.  This
Agreement may be executed in two or more counterparts, all of which when taken
together shall be considered one and the same agreement and shall become
effective when counterparts have been signed by each party and delivered to the
other party, it being understood that both parties need not sign the same
counterpart.  In the event that any signature is delivered by
electronic or facsimile transmission, such signature shall create a valid and
binding obligation of the party executing (or on whose behalf such signature is
executed) with the same force and effect as if such signature page were an
original thereof.

       

      Section
1.11 Severability.  If
any provision of this Agreement is held to be invalid or unenforceable in any
respect, the validity and enforceability of the remaining terms and provisions
of this Agreement shall not in any way be affected or will attempt to agree upon
a valid and enforceable provision that is a reasonable substitute therefor, and
upon so agreeing, shall incorporate such substitute provision in this
Agreement.

       

      Section
1.12 or
election in whole or in part without prejudice to its future actions and
rights.

       

      Section
1.13 Remedies.  In
addition to being entitled to exercise all rights provided herein or granted by
law, including recovery of damages, each of the  Investor and the
Company will be entitled to specific performance under this.  The
parties agree that monetary damages may not be adequate compensation for any
loss incurred by reason of any breach of obligations described in the foregoing
sentence and hereby agrees to waive in any action for specific performance of
any such obligation the defense that a remedy at law would be
adequate.

       

      Section
1.14 Payment
Set Aside.  To the extent that the Company makes a payment or
payments to the Investor pursuant to this Agreement or an Investor enforces or
exercises its rights thereunder, and such payment or payments or the proceeds of
such enforcement or exercise or any part thereof are subsequently invalidated,
declared to be fraudulent or preferential, set aside, recovered from, disgorged
by or are required to be refunded, repaid or otherwise restored to the Company,
a trustee, receiver or any other person under any law (including, without
limitation, any bankruptcy law, state or federal law, common law or equitable
cause of action), then to the extent of any such restoration the obligation or
part thereof originally intended to be satisfied shall be revived and continued
in full force and effect as if such payment had not been made or such
enforcement or setoff had not occurred.

       

      Section
1.15 Construction.  The
parties agree that each of them and/or their respective counsel has reviewed and
had an opportunity to revise this Agreement the normal rule of construction to
the effect that any ambiguities are to be resolved against the drafting party
shall not be employed in the interpretation of the this Agreement or any
amendments hereto.

       

      The
parties hereto have executed this Agreement as of the date and year first above
written

       

      
        
          
             

          

          
            7

            
              

            

          

          
             

          

        

      

      

      ALL
INVESTORS  MUST INITIAL ONE OR MORE OF THE FOLLOWING:

       

      1.           I
certify that I am an accredited investor because (i) I had individual income
(exclusive of any attributable to my spouse) or more than $200,000 in each of
the most recent two years and I reasonably expect to have an individual income
in excess of $200,000 for the current year, or (ii) I, together with my spouse,
had joint income in excess of $300,000 in each of the two most recent years and
reasonably expect to have joint income in excess of $300,000 for the current
year.

      INITIAL
IF APPLICABLE: ________________

      

      2.           I
certify that I am an accredited investor because I have an individual net worth,
or my spouse and I have a joint net worth, in excess of
$1,000,000.  For purposes of this questionnaire, “net worth” means the
excess of total assets at market value, including home and personal property,
over total liabilities.

      INITIAL
IF APPLICABLE: ________________

      

      ­­­­­­­­­­­­­­_________________________________                                                             ______________________________

      Signature
of
Investor                                                                                                     State
of Residency

      

      _________________________________                                                             ______________________________

      Name of
Investor
(print)                                                                                                Date

      

      Address:  __________________________________

      __________________________________________

      __________________________________________

      __________________________________________

      __________________________________________

       

       

      8

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