Document:

mm-EXH_102

		

			Exhibit 10.2

		

		

			 

		

		
			SEPARATION AGREEMENT AND RELEASE OF CLAIMS
		

		
			This Separation Agreement and Release of Claims (“Agreement”) is hereby made and entered into by and between Michael Avon (“Mr. Avon”) and Millennial Media, Inc., including any of its parent, subsidiary, affiliated and/or related entities, and their directors, administrators, officers, employees, agents, insurers, attorneys, representatives and assigns (“Millennial”) (collectively referred to herein as “parties”).
		

		
			 
		

		
			WITNESSETH
		

		
			WHEREAS, Mr. Avon is a current employee of Millennial, and such employment is governed by the Amended and Restated Key Employee Agreement dated March 14, 2012 (“Employment Agreement”); and
		

		
			 
		

		
			WHEREAS, Mr. Avon has informed the company of his intention to end his employment relationship with the Company as of the close of business on July 1, 2014 (the “Separation Date”) and the Company acknowledges that Mr. Avon’s employment with the Company will cease at the close of business on the Separation Date. 
		

		
			 
		

		
			WHEREAS, the Parties wish to finally resolve all matters, if any, between them as of the date of this Agreement, and have therefore agreed to the terms hereinafter set forth:
		

		
			 
		

		
			NOW, THEREFORE, for and in consideration of the aforesaid promises and the mutual promises hereinafter expressed in this Agreement, and other good and valuable consideration, the adequacy and sufficiency of which are hereby acknowledged, the parties do hereby agree as follows:
		

		
			 
		

		
			1.Bonus Payment.  Millennial shall pay Mr. Avon a one-time cash payment equal to one-half (1/2) of his annual bonus calculated at one hundred percent (100%) of target (“Cash Payment”).  The amount of the Cash Payment shall equal one hundred and thirty-one thousand two hundred and fifty dollars ($131,250.00),  and shall be paid minus normal and customary withholdings, on or before the Separation Date.  Mr. Avon will not receive any additional compensation, severance or benefits after the Separation Date, including but not limited to, any severance pay or benefits set forth in the Employment Agreement.  Notwithstanding the foregoing, Millennial shall pay to Mr. Avon all compensation and benefits that have accrued and are payable through the Separation Date including, without limitation, base salary and unused and accrued vacation time required pursuant to Maryland law.    The parties agree that a qualifying event shall occur on the Separation Date, for purposes of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), and that thereafter Mr. Avon will be eligible to elect COBRA continuation coverage in accordance with applicable federal law.
		

		
			 
		

		
			2.Equity Awards.  
		

		
			 
		

		
			(a)It is the intent of the Parties that, for purposes of the Millennial Media, Inc. 2006 Equity Incentive Plan and the Millennial Media, Inc. 2012 Equity Incentive Plan (collectively, the “Equity Incentive Plans”), the provision of services during the Consulting Agreement referenced in Paragraph 3, below (“Consultancy”), shall constitute Continuous 
		

		 

		

			 

		

 

		

			 

		

		Service (as such term is defined in the Equity Incentive Plans), and that the restricted stock units (“RSUs”) granted to Mr. Avon on September 11, 2012 shall continue to vest during the term of the Consultancy.  Furthermore, the vesting schedule of such RSUs that are unvested as of the Separation Date is hereby modified such that fifty-percent (50%) of the remaining unvested RSUs as of the Separation Date shall vest on the three (3) month anniversary of the commencement of the Consultancy, and the remaining fifty-percent of such unvested RSUs shall vest immediately at the end of the Consultancy.  
		

		
			 
		

		
			(b)The Parties further agree that the stock options granted to Mr. Avon on April 26, 2013, that are unvested after the Separation Date shall be considered forfeited and cancelled as of the end of the Separation Date.  Furthermore, Millennial acknowledges that any stock options that were granted to Mr. Avon during the course of his employment that are vested as of the end of the Separation Date shall remain exercisable for a period of one (1) year from the Separation Date in accordance with the Employment Agreement.    
		

		
			 
		

		
			3.Consulting Agreement.  Commencing upon July 2, 2014, Mr. Avon shall become a consultant to Millennial, providing consulting and advisory services to Millennial (the “Consultancy”).  The Consultancy shall continue through December 31, 2014, unless further extended upon mutual agreement between Millennial and Mr. Avon.
		

		
			4.General Release by Mr. Avon.  Mr. Avon agrees for himself and his heirs, executors, agents, successors, predecessors, personal representatives, administrators, and assigns to release and forever discharge Millennial, including any of its parents, subsidiaries, affiliated and/or related entities or insurers, as well as their directors, administrators, officers, employees, insurers, agents, representatives and assigns, from any and all administrative claims, demands, actions, causes of action, statutory rights, duties, debts, sums of money, lawsuits, contracts, agreements, controversies, promises, damages (whether actual, punitive or exemplary or of some other nature or kind), including without limitation, wages, benefits, back pay, front pay, and emotional distress, obligations, responsibilities, liabilities (including attorney’s fees and costs actually incurred), accounts, injunctions, judgments, jury verdicts and any other relief of any kind whatsoever, whether known or unknown, suspected or unsuspected.  Causes of action released include, but are not limited to, breach of express or implied contract, covenant of good faith and fair dealing, all claims for discrimination, harassment or retaliation, all claims for violation of public policy, all claims for alleged unpaid bonuses, wages or other amounts, and all claims arising under the following statutes: Title VII of the Civil Rights Act of 1964, as amended, the Americans with Disabilities Act, the Civil Rights Act of 1866, the Family and Medical Leave Act, the Fair Labor Standards Act, Employee Retirement Income Security Act, the Occupational Safety and Health Act, the National Labor Relations Act, the Rehabilitation Act of 1973, Title 20 of the State Government Article of the Maryland Code, the Maryland Flexible Leave Act, the Maryland Declaration of Rights, the Maryland Equal Pay Act and all other federal, state and/or local laws and/or common law claims relating to employment, benefits or otherwise applicable to the relationship between Mr. Avon and Millennial.  This release does not include any claim which, as a matter of law, cannot be released by private agreement, or any claim arising from an alleged breach of any provision of this Agreement by either party.  
		

		

		

		 

		

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		5.Age Discrimination Release Notification.  This Agreement includes a release of all charges and claims under the ADEA and, therefore, pursuant to the requirements of 29 U.S.C. §626(f), Mr. Avon acknowledges that he has been advised:
		

		
			(a)that this release includes all claims under the ADEA arising up to and including the Effective Date but does not include claims that have not yet occurred;
		

		
			(b)to consult with an attorney and/or other advisor of his choosing concerning his rights and obligations under this release;
		

		
			(c)to fully consider this release before executing it; and
		

		
			(d)that Mr. Avon has seven (7) days following his execution of this Agreement to revoke the Agreement by delivering written notice to Ho Shin, General Counsel, and this Agreement shall not be effective until the date upon which the revocation period has expired, provided that Mr. Avon has not revoked the Agreement during such period, which date shall be the eighth day after this Agreement is executed by Mr. Avon.
		

		
			Mr. Avon hereby acknowledges and agrees that he has been given twenty-one (21) days to consider, execute and deliver this Agreement to the Company.  The Parties recognize that Mr. Avon may elect to execute this Agreement prior to the expiration of such period and Mr. Avon agrees that if he elects to do so such election is knowing and voluntary and comes after full opportunity to consult with an attorney.
		

		
			6.Nondisparagement.  The Parties mutually agree not to engage in any communications, written or oral, or cause or encourage others to make any such communications, that defame or disparage the personal and/or business reputations, practices or conduct of one another (collectively, “Disparaging Behavior”).  The Parties further agree that any breach of this provision is a material breach of this Agreement for which the nonbreaching party may immediately seek legal, equitable, injunctive, monetary or any other appropriate relief in a court of competent jurisdiction without the posting of a bond or any guarantee.  Such relief shall include, but is not limited to, the recovery of reasonable attorneys’ fees and costs incurred in successfully pursuing any claim for a breach of this provision and any other economic, compensatory and/or consequential damages caused by such breach.  Notwithstanding the terms of this provision, the Parties shall respond truthfully in response to a subpoena or court order.  The Company’s obligations under this Section 6 are limited to Company representatives with knowledge of this provision; provided, that if a Company representative without knowledge of this provision engages in any Disparaging Behavior relating to Mr. Avon, the Company shall immediately advise and cause such representative to cease such Disparaging Behavior.  In addition, to the extent Company becomes aware of a former Millennial employee engaging in Disparaging Behavior relating to Mr. Avon, and Millennial has a contractual right to prevent such Disparaging Behavior, Company shall make good faith and reasonable efforts to cause such former employee to cease such Disparaging Behavior if in its discretion Millennial determines that such contract is being breached. 
		

		
			 
		

		
			7.General Release by Millennial.  Millennial agrees for itself and its successors in interest to release Mr. Avon, including any of his agents, representatives and assigns, from all claims of every kind (including without limitation attorneys’ fees and costs), known or unknown, 
		

		 

		

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		which Millennial has or may have had as of the date of this Agreement.  This release does not include any claim which, as a matter of law, cannot be released by private agreement, or any claim arising from an alleged breach of any provision of this Agreement by either party.
		

		
			8.References.  Millennial agrees that in response to inquiries from Mr. Avon’s prospective employers it will adhere to its standard policy of confirming position and dates of employment.  All such inquiries will be handled by the Human Resources Department.
		

		
			 
		

		
			9.Nondisclosure and Developments Agreement.  Mr. Avon acknowledges and agrees that he will continue to be bound by his Employee Nondisclosure and Developments Agreement dated November 16, 2009 (“Employee NDA”), including without limitation the covenants regarding noncompetition and nonsolicitation contained therein. 
		

		
			 
		

		
			10.Reasonableness of Restrictions.
		

		
			 
		

		
			(a)Mr. Avon agrees that he has read this entire Agreement and understands it.  He further agrees that the restrictions set forth do not prevent him from earning a living or pursuing his career.  He agrees that the restrictions set forth are reasonable, proper, and necessitated by the Company’s legitimate business interests.  He represents and agrees that he is entering into this Agreement freely and with knowledge of its contents with the intent to be bound by the Agreement and the restrictions contained in it.
		

		
			(b)In the event that a court finds this Agreement, or any of its restrictions, to be ambiguous, unenforceable, or invalid, he and Millennial agree that the court shall read the Agreement as a whole and interpret the restriction(s) at issue to be enforceable and valid to the maximum extent allowed by law.
		

		
			(c)He agrees that any breach of this Agreement by him will cause irreparable damage to the Company and that in the event of such breach the Company shall have, in addition to any and all remedies of law, the right to an injunction, specific performance or other equitable relief to prevent the violation of his obligations hereunder.
		

		
			 
		

		
			11.Return of Property and Preservation of Documents. Mr. Avon agrees that he will return all Millennial computer and other equipment that he is aware of.  Mr. Avon further agrees that, if he becomes aware of additional equipment and/or documents in his possession related to Millennial’s business on any computer or other personal equipment or in hard copy, he will promptly notify Millennial of this and will work with Millennial to return and/or preserve these documents.  In addition, Mr. Avon agrees to reasonably cooperate with Millennial as might be necessary to access any Millennial systems he used while employed by the Company. Notwithstanding the foregoing, Mr. Avon may continue to use his Company-issued Apple laptop computer during the Term of the Consulting Agreement.  At the conclusion of the Consulting Agreement, Mr. Avon may purchase such computer for one hundred dollars ($100), after the Company has had an opportunity to preserve and clear such computer. 
		

		
			 
		

		
			12.No Admission.  The parties understand and agree that all alleged liability between them is expressly denied, and that the present Agreement constitutes the compromise of disputed claims.
		

		
			 
		

		

		

		 

		

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		13.Binding Successors, Heirs, and Assigns.  This Agreement shall bind and enure to the benefit of the parties’ successors, heirs, and assigns.
		

		
			 
		

		
			14.Medicare Representations and Indemnification.    Mr. Avon affirms and warrants that he is not a Medicare beneficiary and is not currently receiving, has not received in the past, is not eligible for, and has not applied for or sought benefits from Medicare.  He agrees to indemnify and hold Millennial harmless for any penalties or liability, including interest, that may be asserted against Millennial pursuant to Section 111 of the Medicare, Medicaid, and SCHIP Extension Act of 2007, 42 U.S.C. § 1395y(b)(8) as a result of the payments and other benefits described in Section 1 of this Agreement.
		

		
			 
		

		
			15.Application of Section 409A.  It is intended that all of the benefits provided under this Agreement satisfy, to the greatest extent possible, the exemptions from the application of Section 409A of the Code and the regulations and other guidance thereunder and any state law of similar effect (collectively, “409A”) provided under Treasury Regulations Sections 1.409A-1(b)(4), and 1.409A-1(b)(9), and this Agreement will be construed to the greatest extent possible as consistent with those provisions.  To the extent not so exempt, this Agreement (and any definitions in this Agreement) will be construed in a manner that complies with Section 409A, and incorporates by reference all required definitions and payment terms.  For purposes of Section 409A, Mr. Avon’s right to receive any installment payments under this Agreement will be treated as a right to receive a series of separate payments and, accordingly, each installment payment under this Agreement will at all times be considered a separate and distinct payment.
		

		
			 
		

		
			16.Miscellaneous.  If any portion of this Agreement is declared void or unenforceable for any reason, the unenforceable portion shall be deemed severed from the remaining portions of this Agreement, which shall otherwise remain in full force and effect.  The parties acknowledge that in executing this Agreement they do not rely and have not relied upon any representation or statement not set forth herein with regard to the subject matter, basis or effect of this Agreement.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of Maryland, without recourse to the choice of law provisions thereof.  The parties further agree that any action to enforce this Agreement shall be brought in a state or federal court of competent jurisdiction within Maryland.
		

		
			 
		

		
			16.Facsimile/Electronic Signatures, Counterparts and Headings.    Facsimile and electronic signatures shall have the same power and effect as original signatures. This Agreement may be executed independently and separately (i.e. in counterparts) by the respective parties. If executed in counterparts, each counterpart shall be deemed to be an original, and said counterparts together shall constitute one and the same Agreement.  The headings within this Agreement have been included for the convenience of reference only and shall not affect the meaning or interpretation of the terms herein or the Agreement as a whole.
		

		
			 
		

		
			WHEREFORE, the parties hereto, intending to be legally bound and by their respective signatures below, acknowledge that there exist no other promises, representations or agreements relating to this Agreement except as specifically set forth herein, and that they knowingly and voluntarily enter into this Agreement with a full understanding of its contents and having had 
		

		 

		

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		sufficient time to consider the Agreement and, if the party chose to do so, to consult with an attorney.
		

		
			 
		

		
			 
		

		
			   /s/ Michael B. AvonDATE:   June 30, 2014
		

		
			Michael B. Avon 
		

		
			 
		

		
			 
		

		
			 
		

		
			MILLENNIAL MEDIA, INC.
		

		
			 
		

		
			By:    /s/ Ho Shin DATE:  June 30, 2014
		

		
			Ho Shin, General Counsel 
		

		 

		

			6mm-EXH_103

		

			Exhibit 10.3

		

		
			CONSULTING AGREEMENT
		

		
			This Consulting Agreement (this “Agreement”) is entered into as of this 30th day of June, 2014 (the “Effective Date”), by and between Michael Avon, (the “Consultant”) and Millennial Media, Inc. (the “Company”).
		

		
			RECITALS
		

		
			WHEREAS the parties desire for the Company to engage Consultant as an independent contractor to perform the services described herein and for Consultant to provide such services on the terms and conditions described herein. 
		

		
			NOW THEREFORE, in consideration of the promises and mutual agreements contained herein, the parties hereto, intending to be legally bound, agree as follows:
		

		
			1.Statement of Work.  This Agreement is for professional consulting services to be rendered by Consultant as set forth in the Statement of Work attached hereto as Exhibit A.   
		

		
			             
		

		
			2.Independent Contractor Relationship.  Consultant will be an independent contractor and not an employee of the Company.  Nothing in this Agreement is intended to, or should be construed to, create a partnership, agency, joint venture or employment relationship.  Neither Consultant nor the Company shall represent directly or indirectly that Consultant is an agent, employee, or legal representative of the Company.  Consultant shall not have the authority to incur any liabilities or obligations of any kind in the name of or on behalf of the Company.  Consultant acknowledges and agrees that he shall not receive any employee benefits of any kind from the Company.    Consultant (and Consultant’s agents, employees, and subcontractors) is excluded from participating in any fringe benefit plans or programs as a result of the performance of services under this Agreement, without regard to Consultant’s independent contractor status. In addition, Consultant (and Consultant’s agents, employees, and contractors) waives any and all rights, if any, to participation in any of the Company’s fringe benefit plans or programs including, but not limited to, health, sickness, accident or dental coverage, life insurance, disability benefits, severance, accidental death and dismemberment coverage, unemployment insurance coverage, workers’ compensation coverage, and pension or 401(k) benefit(s) provided by the Company to its employees.  For clarity, the foregoing is not intended to prevent Consultant from electing COBRA benefits that he may be entitled to.
		

		
			3.Consultant’s Responsibilities.  As an independent contractor, the mode, manner, method and means used by Consultant in the performance of services shall be of Consultant's selection and under the sole control and direction of Consultant.  Consultant shall be responsible for all risks incurred in the operation of Consultant's business and shall enjoy all the benefits thereof.  Consultant shall only be responsible for the results described on a Work Order, including meeting all Project and Interim Deadlines. Consultant shall use Consultant’s best efforts, and shall devote the time necessary on an ongoing basis, to perform the services such that the results are satisfactory to the Company.  Consultant shall use best efforts to complete the Services in a timely manner and in accordance with timelines mutually agreed by the Company and Consultant.  Consultant’s services, and the results thereof, will be performed with, and be the product of, the highest degree of professional skill and expertise.
		

		
			4.Billing, Payment and Tax Treatment.  Consultant will bill the Company, and the Company will pay Consultant, on the basis set forth in the attached SOW.  Consultant and the Company agree that the Company will treat Consultant as an independent contractor for purposes of all tax laws (local, state and federal) and file forms consistent with that status.  Consultant will be solely responsible to pay any and all local, state, and/or federal income, social security and unemployment taxes for Consultant.  The Company will not withhold any taxes or prepare W-2 Forms for Consultant, but will provide Consultant with a Form 1099, if required by law.  
		

		

		

		 

		

			 

		

 

		

			 

		

		5.Term; Termination.  This Agreement shall commence on July 2, 2014 and continue through December 31, 2014 (“Term”), provided however, that if Consultant does not execute or executes and revokes the agreement with the Company dated June 30, 2014, then this Agreement will immediately terminate.  The Company may terminate this Agreement before its expiration immediately if the Consultant materially breaches the Agreement. The parties agree that a “Material Breach” by Consultant shall occur if he: (i) fails to provide services as reasonably requested by the Executive; (ii) breaches any other material obligations of this Agreement, or (iii) violates local, state, or federal laws. Upon any termination or expiration of this Agreement, Consultant (i) shall immediately discontinue all use of Company’s Confidential Information delivered under this Agreement; (ii) shall delete any such Company Confidential Information from Consultant’s computer storage or any other media, including, but not limited to, online and off-line libraries; and (iii) shall return to Company, or, at Company’s option, destroy, all copies of such Confidential Information then in Consultant’s possession.  In the event the Company terminates this Agreement, or if Consultant terminates this Agreement, Consultant will not receive any additional consulting fees or other compensation as of the date of termination.
		

		
			6.Ownership of Intellectual Property.  Consultant agrees that (a) all documents, deliverables, software, systems designs, disks, tapes and any other materials, whether tangible or intangible (collectively, “materials”) created in whole or in part by Consultant in the course of or related to providing Services to the Company shall be treated as “works made for hire” for the Company, and (b) Consultant will immediately disclose to the Company all research, writings, discoveries, inventions, enhancements, improvements and similar creations (collectively, “creations”) made, in whole or in part, by Consultant in the course of or related to providing services to the Company.  All ownership and control of the above materials and creations, including any copyright, patent rights and all other intellectual property rights therein, shall vest exclusively with the Company, and Consultant hereby assigns to the client all right, title and interest that Consultant may have in such materials and creations to the Company, without any additional compensation and free of all liens and encumbrances of any type.  Consultant agrees to execute any documents required by the Company to register its rights and to implement the provisions herein.  Company reserves the right to release ownership of certain properties to Consultant at its sole discretion, should Consultant make such request in writing.  Notwithstanding the foregoing, and subject to Consultant’s ongoing compliance with his confidentiality and other obligations to Company, Company acknowledges that it shall not have proprietary rights on intellectual property that Consultant may create on behalf of himself or clients other than Company while not performing Services.
		

		
			 
		

		
			7.Confidentiality.  Consultant agrees to hold Company’s Confidential Information in the strictest confidence and not to disclose such Confidential Information to any third parties. Consultant also agrees not to use any of Company’s Confidential Information for any purpose other than performance of this Agreement.  “Confidential Information” as used in this Agreement shall mean all information disclosed by Company to Consultant, or otherwise obtained by Consultant pursuant to services provided under this Agreement that is not generally known in the Company’s trade or industry.   Consultant acknowledges that “Confidential Information” includes any and all information related to the Company’s intellectual property, including, without limitation, patents, know-how, technology, trade secrets, intellectual property and patent strategy, and all related information.  Confidential Information also includes, without limitation, any and all information about the Company’s finances, strategy, business plans, financing plans, audit results and any other financial or business information related to the Company’s operations.  All Confidential Information furnished to Consultant by Company is the sole and exclusive property of Company or its suppliers or customers. Upon request by Company, Consultant agrees to promptly deliver to Company the original and any copies of such Confidential Information. Consultant’s duty of confidentiality under this Agreement does not amend or abrogate in any manner Consultant’s continuing duties under the Employee Nondisclosure and Developments Agreement between the parties.
		

		
			 
		

		
			8.Indemnification.  Consultant shall indemnify and hold harmless the Company its officers, directors, agents, owners, and employees, for any claims brought or liabilities imposed against the Company 
		

		 

		

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		by any other party relating to Consultant's status as an independent contractor or any other matters involving the acts or omissions of Consultant.  Company agrees to indemnify Consultant for any claims brought or liabilities imposed against him by any other party relating to the provision of Services to Company. 
		

		
			9.Non-Exclusivity and No Conflict of Interest.  The Company reserves the right to engage other consultants to perform services.  Consultant reserves the right to engage other clients subject to Section 7 above.
		

		
			10. Assignment.  The Company may assign this Agreement and its rights and obligations hereunder to any corporation or other entity with or into which the Company may hereafter merge or consolidate or to which the Company may transfer all or substantially all of its assets. Consultant may not assign or transfer this Agreement or any rights or obligations hereunder.  Notwithstanding the foregoing, Consultant may assign this agreement to ICX Ventures, LLC.  In the event of such assignment, ICX Ventures, LLC shall ensure that Michael Avon shall provide all of the Services contemplated herein.
		

		
			11.Entire Agreement; Amendments.  This Agreement constitutes the entire understanding of the parties and supersedes any previous oral or written communications, representations, understanding, or agreement between the parties concerning this independent contractor relationship.  This Agreement shall not be changed, modified, supplemented or amended except by express written agreement signed by Consultant and the Company.  The parties have entered into a separate agreement dated June 30, 2014 and a Employee Nondisclosure and Developments Agreement,  and this Agreement does not amend or abrogate these separate agreements in any manner.  These separate agreements have or may have provisions that survive termination of Consultant’s relationship with the Company under this Agreement, may be amended or superseded without regard to this Agreement, and are enforceable according to their terms without regard to the enforcement provision of this Agreement.
		

		
			 
		

		
			12.Governing Law.  This Agreement shall be governed by the laws of the State of Maryland without regard to the conflicts of laws or principles thereof.  Any suit involving this Agreement shall be brought in a court sitting in Baltimore County, Maryland.  The parties agree that venue shall be proper in such courts, and that such courts will have personal jurisdiction over them.
		

		
			13.Survival.  Consultant’s obligations in Sections 6, 7 and 8 of this Agreement shall survive the termination of this Agreement. 
		

		
			14. Severability.  Should any provisions of this Agreement be held by a court of law to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby.
		

		
			15.    Waiver.  The waiver by the Company of a breach of any provision of this Agreement by Consultant shall not operate or be construed as a waiver of any other or subsequent breach by Consultant.
		

		
			
		

		
			 
		

		
			 
		

		
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		IN WITNESS WHEREOF, the parties have executed this Consulting Agreement on the date written below.
		

		
			Consultant Company:   Millennial Media, Inc.
		

		
			 
		

		
			 
		

		
			  /s/ Michael B. AvonBy:   /s/ Ho Shin
		

		
			By:  Michael Avon Ho Shin, General Counsel 
		

		
			
		

		
			
		

		

		

		 

		

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			EXHIBIT A
		

		
			STATEMENT OF WORK
		

		
			Services 
		

		
			Consultant will provide consulting and advisory services (“Services”) in the following areas, as well as other areas as may be reasonably requested by Company:
		

			
	
			
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			Company finance and accounting

			
	
			
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			Company strategy

			
	
			
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			Overall industry strategy

			
	
			
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			Competitive trends within the industry and surrounding industries

			
	
			
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			Investment opportunities

			
	
			
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			International expansion

			
	
			
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			Other areas as may be reasonably requested by Company

		
			Term
		

		
			The Term of this SOW shall commence on July 2, 2014, and continue through December 31, 2014, unless the Consulting Agreement terminates earlier, pursuant to Section 5 of the Consulting Agreement.
		

		
			Time Commitment
		

		
			Consultant agrees to meet with Company’s CEO or other Company personnel or directors as reasonably requested by Company, and such meetings may be via telephone or in person, as mutually agreed upon.  Consultant agrees to, at the reasonable request of Company, attend meetings and/or events, and provide Services at such meetings and/or events as reasonably requested by Company.    In addition, commencing on August 1, Consultant shall provide approximately thirty-two (32) hours of Services per month, or more as may be mutually agreed upon by the Parties.  
		

		
			Consultant Fees and Expenses
		

			
	
			
				 1.
			

			
	
			
			During the Term of this Agreement, Consultant’s previously granted RSUs that have not vested as of July1, 2014 shall continue to vest and be subject to the terms of the applicable Equity Incentive Plan and award agreement.  Notwithstanding the original vesting schedule applicable to such RSUs, fifty-percent (50%) of the remaining unvested RSUs as of July 1, 2014 shall vest on the three (3) month anniversary of the Effective Date, and the remaining fifty-percent of such unvested RSUs shall vest immediately at the end of the Consultancy.   In addition, Consultant shall be paid $10,000 per month commencing on August 1, to be paid at the beginning of each month through December 2014.    To the extent Company requests Consultant to provide more than the approximate time commitment set forth above, the Parties shall mutually agree upon any additional compensation for such excess services. 

			
	
			
				 2.
			

			
	
			
			The Company shall reimburse the Consultant for reasonable expenses borne by Consultant in performing his obligations under this Agreement, provided that Consultant shall make best efforts to inform the Company before generating more than $2,000 in expenses in any given month.  Travel expenses to/from the Company’s domestic offices outside of Baltimore, Maryland shall be considered reimbursable expenses. 

		
			 
		

		
			AGREED TO:
		

		
			Consultant: Company:
		

		
			  /s/ Michael Avon  /s/ Ho Shin
		

		
			Michael AvonHo Shin, General Counsel
		

		
			 
		

		 

		

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