Document:

Unassociated Document

    Exhibit
10.8

     

    TRANSITION
AGREEMENT

    

    THIS TRANSITION AGREEMENT (as
the same may be amended, modified or supplemented from time to time, the “Agreement”)
is made and entered into as of May 28, 2009 (the “Effective Date”), by and
between Maven Media Holdings, Inc., a Delaware corporation (including its
successors, the “Corporation”),
Waste2Energy, Inc., a Delaware corporation (“Waste2Energy”),
Waste2Energy Group Holdings PLC, an Isle of Man company, (“Waste2Energy
Group Holdings”),
Christopher d’Arnaud-Taylor (“Taylor ”) and Peter Bohan.

    

    WHEREAS, Taylor is currently
the Chief Executive Officer of the Corporation and Waste2Energy;

    

    WHEREAS, Taylor is currently
Chairman of the Boards of the Corporation and Waste2Energy;

    

    WHEREAS, pursuant to a
Confidential Private Offering Memorandum, dated May 7, 2009, as amended by
Amendment No. 1 dated as of May 26, 2008, the Corporation is offering a minimum
of 250,000 units and a maximum of 4,000,000 Units (with an over-subscription
option of up to an additional 1,000,000 Units) at a purchase price of $2.00 per
Unit (the “Offering”);

    

    WHEREAS, in order to enable
Taylor to focus on helping Waste2Energy develop its business in the European and
other international markets, upon the final closing of the Offering,
Taylor  will resign as Chief Executive Officer of the Corporation and
of Waste2Energy and shall be a consultant to Waste2Energy Group
Holdings;

    

    WHEREAS, Peter Bohan, who is
serving as the President and Chief Operating Officer of the Corporation and
Waste2Energy will, as of the final closing of the Offering, become President and
Chief Executive Officer of the Corporation and Waste2Energy.

    

                 NOW, THEREFORE, in
consideration of the premises and mutual covenants and agreements hereinafter
contained, the parties hereto agree as follows:

    

    1.           Resignation.  The
parties hereby agree that immediately upon the final closing of the Offering,
Taylor will resign from his employment arrangement with the Corporation and
Waste2Energy including his position as Chief Executive Officer of Waste2Energy
and of the Corporation.  Taylor will continue to serve on the boards
of Waste2Energy and the Corporation until  his resignation or his
successor is duly elected or appointed and qualified.  In addition,
the parties agree that upon his resignation from his employment with the
Corporaiton and Waste2Energy, Mr. d’Arnaud-Taylor will not in the future have
any other executive position with either the Corporation or
Waste2Energy.

    

    2.           Termination of Employment
Agreement.  As of the final Closing of the Offering, the
Employment Agreement between Waste2Energy and Taylor, dated April 1, 2008 (the
“Employment Agreement”) shall be null and void and no further effect, except
with respect to the obligation of Waste2Energy to make those payments which are
due and owing, to Taylor, pursuant to the Employment Agreement as of the final
closing of the Offering.

     

     

    
      
        
        

      

      
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    3.           Consulting
Agreement.  As of the date hereof, Waste2Energy Group Holdings,
the Corporation, and Waste2Energy and Taylor  shall execute the
Consulting Agreement attached to this Agreement as Exhibit “A”, which Consulting
Agreement shall be effective on the date of the final closing of the
Offering.  The Corporation and Waste2Energy shall guarantee all
payments to be made to Taylor pursuant to the Consulting Agreement.

    

    4.           Chairman of Waste2Energy
Group Holdings. On the final closing of the Offering, Taylor shall become
Chairman of Waste2Energy Group Holdings.

    

    5.           Appointment of Peter
Bohan   Immediately after the final closing of the
Offering, Peter Bohan shall be appointed as the President and Chief Executive
Officer of the Corporation and Waste2Energy.

    

    6.           Piggy Back
Registrations. If at any time the Corporation shall determine to file
with the SEC a registration statement relating to an offering for its own
account or the account of others under the Securities Act of 1933 Act of any of
its equity securities (other than on Form S-4 or Form S-8 or their then
equivalents relating to equity securities to be issued solely in connection with
any acquisition of any entity or business or equity securities issuable in
connection with stock option or other bona fide, employee
benefit plans), the Corporation shall send to each of Taylor, Susan Danehower
and Anglo Suez LLC  (collectively “Holders”) written notice of such
determination and, if within fifteen (15) days after the effective date of such
notice, such Holders shall so request in writing, the Corporation shall include,
subject to applicable rules and regulations of the Securities and Exchange
Commission, in such registration statement all or any part of the shares of
Common Stock of the Corporation beneficially owned by such Holder which such
Holder  requests to be registered (the “Registration Shares”), except
that if, in connection with any underwritten public offering for the account of
the Corporation the managing underwriter(s) thereof shall impose a limitation on
the number of shares of common stock, which may be included in the registration
statement because, in such underwriter(s)’ judgment, marketing or other factors
dictate such limitation is necessary to facilitate public distribution, then the
Corporation shall be obligated to include in such registration statement only
such limited portion of the Registration Shares  with respect to which
such Holder has requested inclusion hereunder as the underwriter shall permit.
Any exclusion of Registration Shares shall be made pro rata among the Holders
seeking to include Registration Shares in proportion to the number of Shares
Securities sought to be included by such Holder.

    

    7.           Notices.  All
notices, requests, demands and other communications under this Agreement shall
be in writing and shall be deemed to have been duly given (i) on the date of
service if served personally on the party to whom notice is to be given; (ii) on
the day of transmission if sent via facsimile transmission to the facsimile
number given below, and telephonic confirmation of receipt is obtained promptly
after completion of transmission; (iii) on the day after delivery to Federal
Express or similar overnight courier or the Express Mail service maintained by
the United States Postal Service; or (iv) on the fifth (5th) day
after mailing, if mailed to the party to whom notice is to be given, by first
class mail, registered or certified, postage prepaid and properly addressed, to
the party as follows:

     

     

     

    
      
        
        

      

      
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    If to the
Corporation to:

    

    Maven
Media Holdings, Inc.

    c/o Waste2Energy, Inc.

    1185 Avenue of the Americas. 20th
Floor

    New York, New York 10036

    Attention:  Peter
Bohan

    Fax No.
(646) 723-4001

    

    With a
copy to:

    Marc
Ross, Esq.

    Sichenzia
Ross Friedman Ference LLP

    61
Broadway

    New York,
New York 10006

    

     If
to Waste2Energy, Inc. to:

    

                Waste2Energy,
Inc.

    1185
Avenue of the Americas, 20th
Floor

    New York,
New York 10036

    Attention:  Peter
Bohan

    Fax No.
(646) 723-4001

    

    

     With
a copy to:

    

    With a
copy to:

    Marc
Ross, Esq.

    Sichenzia
Ross Friedman Ference LLP

    61
Broadway

    New York,
New York 10006

    

      If
to Waste2Energy Group Holdings PLC to:

    

    c/o Waste2Energy, Inc.

    1185 Avenue of the
Americas

    20th
Floor

    New York, New York 10036

    

    Attention:  Peter
Bohan

    Fax No.
(646) 723-4001

    

    

    
      
        
        

      

      
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    If to Christopher d” Arnaud-Taylor
to:

    

          Christopher
d’Arnaud-Taylor

                         
360 West 22nd Street,
Suite 16B

          New York,
NY 10011

          Fax No.
(212) 656 1129

    
 

                    
If to Peter Bohan to:

     

    Peter Bohan

    11 Frontier Drive

    Walpole

    MA 02081

             
 Fax No.  (646) 723-4001

    

                     If
to Susan Danehower to:

    

                                          
c/o  Christopher d’Arnaud-Taylor

                          
360 West 22nd Street,
Suite 16B

          
New York, NY 10011

          
Fax No. (212) 656 1129

    

                    
If to Anglo Suez to:

    

          
Christopher d’Arnaud-Taylor

                          
360 West 22nd Street,
Suite 16B

          
New York, NY 10011

          
Fax No. (212) 656 1129

    

    8.           Further
Assurances.  Each of the parties hereto shall execute and
deliver any and all additional papers, documents, and other assurances, and
shall do any and all acts and things reasonably necessary in connection with the
performance of their obligations hereunder and to carry out the intent of the
parties hereto.

    

    9.           Headings. The section
headings contained herein are for convenience only and shall not be deemed to
control or affect the meaning or construction of any provision of this
Agreement.

     

     

     

    
      
        
        

      

      
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    10.           Counterparts.  This
Agreement may be executed in counterparts, it being understood that such
counterparts, taken together, shall constitute but one and the same
agreement.  A facsimile signature shall constitute an original
signature.

    

    11.           Governing Law, Venue, Waiver
of Jury Trial.   This Agreement shall be governed by and
construed solely and exclusively under and pursuant to the laws of the State of
New York as applied to agreements among New York residents entered
into and to be performed entirely within New York. Each of the parties
hereto expressly and irrevocably (1) agrees that any legal suit, action or
proceeding arising out of or relating to this Agreement will be instituted
exclusively in the New York State Supreme Court, County of New York,
or in the United States District Court for the Southern District of
New York, (2) waives any objection they may have now or hereafter to
the venue of any such suit, action or proceeding, and (3)  consents to the
jurisdiction of either the New York State Supreme Court, County of
New York, or the United States District Court for the Southern District of
New York in any such suit, action or proceeding.  Each of the
parties hereto further agrees to accept and acknowledge service of any and all
process which may be served in any such suit, action or proceeding in the
New York State Supreme Court, County of New York, or in the United
States District Court for the Southern District of New York and agree that
service of process upon it mailed by certified mail to its address will be
deemed in every respect effective service of process upon it, in any such suit,
action or proceeding.

    

    12.           Entire
Agreement.   This Agreement sets forth the entire
agreement among the parties with respect to the subject matter hereof and
supersedes all prior agreements or understandings among the parties pertaining
to the subject matter hereof, whether oral, implied or written.  There
are no warranties, representations or other agreements between the parties in
connection with the subject matter hereof except as specifically set forth or
incorporated herein.

    

    13.           Interpretation. The
division of this Agreement into Sections, and subsections and the insertion of
headings are for convenience of reference only and will not affect its
construction or interpretation. Terms of gender will be deemed interchangeable,
as will singular and plural terms, in each case, unless the context otherwise
requires.

    

    14.           No
Amendment/Waiver.  This Agreement may not be amended or
modified in any manner nor may any of its provisions be waived except by written
amendment executed by the parties expressly indicating the parties’ intention to
so amend or modify this Agreement.  Any such amendment, modification
or waiver shall be effective only in the specific instance and for the purpose
for which it was given.

    

    15.           Non-Assignability.  The
obligations of Taylor, the Corporation, Waste2Energy,  Waste2Energy
Group Holdings and Peter Bohan hereunder are personal and may not be assigned or
transferred in any manner whatsoever, nor are such obligations subject to
involuntary alienation, assignment or transfer.

    

    16.           Severability.  The
various Sections of this Agreement are severable, and if any Sections or an
identifiable part thereof is held to be invalid or unenforceable by any court of
competent jurisdiction, then such invalidity or unenforceability shall not
affect the validity or enforceability of the remaining Sections or identifiable
parts thereof in this Agreement, and the parties hereto agree that the portion
so held invalid, unenforceable or void shall, if possible, be deemed amended or
reduced in scope, or otherwise be stricken from this Agreement, to the extent
required for the purposes of the validity and enforcement hereof.

     

     

    
      
        
        

      

      
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    17.   No Strict
Construction.  The parties hereto have participated jointly in
the negotiation and drafting of this Agreement.  In the event any
ambiguity or question of intent or interpretation arises, this Agreement shall
be construed as if drafted jointly by all parties hereto, and no presumption or
burden of proof shall arise favoring or disfavoring any party by virtue of the
authorship of any provision of this Agreement.

    

    18.           Third Party
Beneficiaries. Taylor’s estate and heirs are intended third party
beneficiaries of Taylor’s rights and the obligations of the Corporation,
Waste2Energy, and Waste2Energy Group Holdings.

    

    

    [SIGNATURE
PAGE FOLLOWS]

     

     

     

    
      
        
        

      

      
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    IN WITNESS WHEREOF, the
parties hereto have executed this Agreement on and as of the day and year first
above written.

    

    

    MAVEN
MEDIA HOLDINGS, INC.

    

    By:__________________________

    Name:  Peter
Bohan

    Title:    President

    
 

    

    WASTE2ENERGY,
INC.

    

    

    By:__________________________

    Name: Peter
Bohan

    Title:   President

    

    

    WASTE2ENERGY
GROUP HOLDINGS PLC

    

    

    By:____________________________________

    Name:
Peter Bohan

    Title:   Director

    

    

    _________________________________________

    Christopher
d’Arnaud-Taylor

    

    

    __________________________________________

    Peter
Bohan

     

     

     

     

     

     

    7Unassociated Document

    Exhibit
10.9

     

    CONSULTING
AGREEMENT

     

     

    This
Consulting Agreement is made by and between  Christopher
d’Arnaud-Taylor ("Consultant”), with offices at 360 West 22nd Street,
Suite 16B, New York, NY 10011, Waste2Energy Group Holdings PLC, (“Group
Holdings”) an Isle of Man company with its principal offices located at Stanley
House, Lord Street, Douglas, Isle of Man IM1 2BF, British Isles, Maven Media
Holdings, Inc.,  (“Maven”) a Delaware corporation with offices located
at 1185 Avenue of the Americas, 20th Floor,
New York, New York 10036 and  Waste2Energy, Inc. ("W2E"), a Delaware
corporation, with its principal offices located at 1185 Avenue of the Americas,
20th
Floor, New York, NY  10036.

     

    1.           Retention
as Consultant and the services of Consultant.

     

    a. Group
Holdings hereby retains Consultant and Consultant hereby accepts such engagement
and agrees to perform the services for Group Holdings as hereinafter set
forth.

     

    b. During
the Term, Consultant shall devote a reasonable amount of Consultant’s business
time (which shall not be less than 60% of his business time), attention and
efforts to the business of Group Holdings and shall hold himself ready to and
shall provide advice to Group Holdings in connection with its business,
including, without limitation, evaluating particular contracts or transactions,
as requested by the officers of Group Holdings (the “Consulting
Services”).  Should Consultant so desire, Group Holdings shall provide
him with adequate work space and administrative support as are reasonably
necessary for carrying out the functions of his  consulting
work.

     

    c. Consultant,   Group
Holdings, Maven and W2E agree that Consultant may render services to Group
Holdings that are outside the scope of this Agreement.  Such services
would be the subject of separate agreements between the Consultant and Group
Holdings that would define the nature and scope of such services and the
compensation to be paid to Consultant for such services.

     

    2.           Compensation.

     

    a. For all
services to be rendered by Consultant pursuant to this Agreement, Consultant
shall, beginning on the Effective Date, be paid  by  Group
Holdings an annual fee of $300,000 exclusive of business expenses as hereinafter
defined which shall  paid on the first and the fifteenth of each
month  in accordance with Group Holdings payment
policies.  The payments to Consultant shall from time to time be
adjusted (upward, but not downward) at the discretion of the Board of Group
Holdings.  The first such review shall be no later than the first
anniversary of this Agreement.

     

    b. Group
Holdings shall reimburse Consultant for his reasonable out-of-pocket expenses
incurred with respect to the performance of Consultant’s consulting activities
hereunder upon Consultant's presentation of vouchers, receipts, and such other
evidence of expenses incurred as shall be reasonably required by Group
Holdings.

     

     

     

    
      
         

      

      
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    c. Maven may
grant Consultant such stock options and warrants at such times, in such amounts
and with such exercise prices as the Board of Directors of Maven may from time
to time determine.

     

    d. Group
Holdings shall reimburse Consultant for the costs of Consultant’s health
insurance.

     

    e. Maven and
W2E shall be jointly and severally liable for making any payments due to the
Consultant hereunder (including payments for expenses and for the reimbursement
of Consultant’s health insurance) on a timely basis.

     

    3.           Term.

     

    (a)           The term
of this Agreement shall commence as of the date of the final closing of the
offering of up to 4,000,0000 Units (with an over-subscription option of up to an
additional 1,000,000 Units) of Maven pursuant to the Confidential Private
Offering Memorandum, dated May 7, 2009, as amended by Amendment No. 1 dated May
26, 2008,  “Effective
Date”) and
shall end on the date which is the third anniversary of the Effective Date
unless Consultant’s retention is terminated earlier in accordance with this
Agreement (the “Initial
Term”);
provided, however, that the term of this Agreement shall automatically be
extended beyond the Initial Term for a one year period, effective upon the third
anniversary of the Effective Date (the “Renewal
Term”) unless
either party notifies the other by a date which is ninety (90) days prior to the
expiration of the Initial Term that such party desires not to extend the Initial
Term beyond the third anniversary of the Effective Date.  This
Agreement shall continue for successive one-year Renewal Terms unless and until
either party gives ninety (90) days notice to the other of its desire not to
extend further the term of this Agreement beyond the end of the then-current
Renewal Term, or this Agreement is otherwise terminated.  The term of
this Agreement, whether during the Initial Term or any Renewal Term, shall be
referred to as the “Term.”

     

    (b)           Death.  The
death of Consultant shall immediately and automatically terminate Consultant’s
obligations to perform the Consulting Services under this
Agreement.  If Consultant dies during the Term, any unvested equity
compensation granted to Consultant pursuant to an equity compensation plan
(“Plan”) shall immediately vest and any vested warrants may be exercised on or
before the earlier of (i) the warrant’s expiration date or (ii) eighteen months
after Consultant’s death.  Any warrant that remains unexercised after
this period shall be forfeited. Upon Consultant’s death, Consultant’s legal
representative shall receive:  (1) any compensation earned but not yet
paid and any unreimbursed business expenses, which amounts shall be promptly
paid in a lump sum, and (2) any other amounts or benefits owing to Consultant
pursuant to this Agreement (subsections (1) and (2) shall be collectively
referred to as, the “Accrued
Amounts”).  Other than the benefits described above, no further
compensation or benefits shall be due or owing upon Consultant’s
death.

     

     

    
      
         

      

      
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    (c)           Disability.  If
as a result of incapacity due to physical or mental illness or injury,
Consultant shall have been absent from Consultant’s duties hereunder for six
months, then thirty (30) days after receiving written notice (which notice may
occur before or after the end of such six month period, but which shall not be
effective earlier than the last day of such six month period, Group Holdings may
terminate this Agreement provided Consultant is unable to substantially perform
his duties hereunder at the conclusion of such notice period (a “Disability”),
as determined by a physician mutually selected by the parties
hereto.  In the event this Agreement is terminated as a result of
Disability, Consultant shall receive from Group Holdings, in a lump-sum payment
due within ten (10) days of the effective date of termination, an amount equal
to the Accrued Amounts.  Additionally, if Consultant is terminated due
to a Disability, any unvested equity compensation granted to Consultant pursuant
to a Plan shall immediately vest and any vested warrants may be exercised on or
before the earlier of: (i) the warrant’s expiration date or (ii) eighteen months
after Consultant’s termination due to the Disability.  Any warrant
that remains unexercised after this period shall be forfeited.  Other
than the benefits described above, no further compensation or benefits shall be
due or owing upon Consultant’s termination due to Disability.

     

    (d)   
Cause.  Group
Holdings may terminate this Agreement immediately upon written notice to
Consultant for “Cause,” which shall mean: (i) Consultant’s willful, material,
and irreparable breach of this Agreement; (ii) Consultant’s willful misconduct
in the performance of any of his material duties and responsibilities hereunder
that has a material adverse effect on Group Holdings; (iii)
Consultant’s  intentional and continued non-performance (other than by
reason of disability or incapacity) of any of Consultant’s material duties and
responsibilities hereunder or of any reasonable, lawful instructions from the
board of Group Holdings, which continues for ten (10) days after receipt by
Consultant of written notice from Group Holdings; (iv) Consultant’s material and
willful dishonesty or fraud with regard to Group Holdings (other than good faith
expense account disputes) that has a material adverse effect on Group
Holdings  (whether to the business or reputation of  Group
Holdings); or (v) Consultant’s conviction of a felony (other than as a result of
vicarious liability or a traffic related offense).  For purposes of
this paragraph, no act, or failure to act, on Consultant’s part shall be
considered “willful” unless done or omitted to be done, by him not in good faith
and without reasonable belief that his action or omission was in the best
interests of Group Holdings.   In the event of that Agreement is
terminated by Group Holdings for Cause, Consultant shall receive only the
Accrued Amounts.

     

    Notwithstanding
the foregoing, following Consultant’s receipt of written notice from Group
Holdings  of any of the events described in subsections (i) through
(iv) above, Consultant shall have ten (10) days in which to cure the alleged
conduct (if curable).

     

    (e) Without
Cause .  At
any time after the effectiveness of this Agreement, Group Holdings may, without
Cause, terminate Consultant’s employment, effective thirty (30) days after
written notice is provided to Consultant.  In the event Consultant is
terminated by Group Holdings without Cause, Consultant shall receive from Group
Holdings within ten (10) days after such termination, in a lump sum payment, an
amount equal to the sum of the compensation and bonus, if any, that would have
been paid to consultant through the end of the then remaining Term if Consultant
had not been terminated or for twelve months, whichever is
less.  Consultant shall also receive the Accrued
Amounts.  Additionally, if Consultant is terminated by Group Holdings
without Cause, any unvested equity compensation granted to Consultant pursuant
to a Plan shall immediately vest and any vested warrants may be exercised on or
before the earlier of:  (i) the warrant’s expiration date or (ii)
eighteen months after the termination of this Agreement pursuant to his
Subsection. Any warrant that remains unexercised after this period shall be
forfeited.

     

     

    
      
         

      

      
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    (f) Resignation
for Good Reason.
At any time after the effective date of this Agreement, Consultant may terminate
this Agreement for Good Reason (as defined below) effective thirty (30) days
after written notice is provided to Group Holdings.  Upon the
termination of this Agreement for Good Reason, Consultant shall be entitled to
all payments and benefits as if this was terminated by Group Holdings Without
Cause as provided in subsection (e) above.  For purposes of this
Agreement, Good Reason means: (ii) any  change in
Consultant’s  reporting relationship or a material diminution of his
then duties, responsibilities or authority or the assignment to
Consultant  of duties or responsibilities that are inconsistent with
this Agreement; (iiii) the failure by Group Holdings to continue in effect
any material compensation or benefit plan or arrangement in which
Consultant  participates unless an equitable and substantially
comparable arrangement (embodied in a substitute or alternative plan) has been
made with respect to such plan or arrangement, or the failure by Group Holdings
to continue Consultant’s  participation therein (or in such substitute
or alternative plan or arrangement) on a basis not less favorable, both in terms
of the amount of benefits provided and the level of participation relative to
other participants, as existed at the time of the termination of this Agreement;
(iii) any breach of this Agreement (or any other written agreement entered
into between Consultant and Group Holdings) by Group Holdings; or
(iv) failure of any successor to Group Holdings (whether direct or indirect
and whether by merger, acquisition, consolidation or otherwise) to assume in a
writing delivered to Consultant upon the assignee becoming such, the obligations
of Group Holdings  hereunder.

     

    Notwithstanding
the foregoing, following Group Holdings’ receipt of written notice from
Consultant of any of the events described in subsections (i) through (iv) above,
Group Holdings  shall have ten (10) days in which to cure the alleged
conduct (if curable).

     

    (g) Resignation
without Good Reason.
Consultant may terminate this Agreement without Good Reason or retire upon
thirty (30) days’ written notice, and upon such termination of this Agreement,
he shall receive the Accrued Amounts.

     

    (h) No
Duty to Mitigate.  In the event of any termination of this
Agreement under this Section, Consultant shall be under no obligation to seek
other employment and there shall be no offset against amounts due Consultant
under this Agreement on account of any remuneration attributable to any
subsequent employment that Consultant  may obtain.  Any
amounts due under this Section are in the nature of severance payments, or
liquidated damages, or both, and are not in the nature of a
penalty.

     

    4. Non-Disclosure.  Consultant
will not at any time (a) use any Confidential Information for his  own
benefit or for the benefit of any person or entity other than Group Holdings,
(b) disclose to any person or entity any Confidential Information; or (c) remove
from Group Holdings’ premises or make copies of any Confidential Information, in
any form; except, in each case, as may be required within the scope of
Consultant's duties during the term of this Agreement, in which event Consultant
will maintain and safeguard the confidentiality of such Confidential Information
and will secure from any third parties to whom Consultant may in their best
judgment disclose such information their written agreement expressly inuring to
the benefit of Group Holdings to maintain and safeguard their confidentiality
and not to use it for the benefit of any person other than Group
Holdings.  For purposes of this Agreement, "Confidential Information"
means any trade secrets and all technical, research, operational, manufacturing,
marketing, sales and financial policies, plans or information of Group
Holdings.  Confidential Information does not include information,
knowledge or data that was in Consultant’s possession prior to the commencement
of this Agreement or information, knowledge or data which was or is in the
public domain by reason other than the wrongful acts of Consultant; provided,
however, that “Confidential Information” shall include information, knowledge
and data that was in Consultant’s possession prior to the commencement of this
Agreement (other than information, knowledge or data which was or is in the
public domain other than by reason of the wrongful acts of Consultant) that
Consultant was prohibited form disclosing or using by reason of any fiduciary
obligation of Consultant to Group Holdings or any agreement between Consultant
and Group
Holdings.

     

     

    
      
         

      

      
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    5.           Relationship.  Consultant
and Group Holdings are and shall be independent contractors in their
relationship with each other and neither is nor shall be considered an agent,
employee, or legal representative of the other for federal or state tax purposes
or for any other purposes whatsoever. Consultant has no express or implied
authority to assume or create any obligation or responsibility on behalf of
Group Holdings or to bind Group Holdings in any way.

     

    6. General
Provisions.

     

    a.           Notices.  Any
notice required or desired to be given hereunder shall be effective if in
writing and delivered personally or by certified mail, postage prepaid and
return receipt requested, to a party hereto at the address for such party set
forth herein or to such other address as a party may specify by written notice
to the other party similarly given, and shall be effective when mailed or, if
delivered by hand, when received.

     

    b.           Benefit.  This
Agreement and the rights and obligations contained herein shall be binding upon
and inure to the benefit of Group Holdings, their successors and assigns, and
upon Consultant, their/her legal representatives, heirs and
distributees.

     

    c.           Waiver.  The
waiver by either party of a breach of any provision of this Agreement shall not
operate as or be construed as a waiver of any subsequent breach.

     

    d.           Entire
Agreement.  This Agreement contains the entire agreement
between the parties relating to the subject matter hereof and may not be altered
or amended except by an instrument in writing signed by both parties
hereto.

     

    e.           Severability.  The
invalidity or unenforceability of a particular provision hereof shall not affect
the other provisions of This Agreement, and it shall be construed in all
respects as if such invalid or unenforceable provision were
omitted.

     

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

     

    f.           Applicable
Law.  This Agreement shall be construed and enforced in
accordance with the laws of the State of New York, without application of the
choice of law provisions, and each of the parties to this Agreement hereby
consent to the jurisdiction of the appropriate courts of the State of New York
with respect to any disputes relating to this Agreement.

     

    g.        Disputes.  In
the event that a dispute arises relating to this Agreement, the parties
agree to attempt to resolve the dispute informally, including through mediation.
In the event that the parties are unable to resolve such disputes informally,
the courts of New York shall have exclusive jurisdiction over any suits arising
from or relating to such a dispute.

     

    h..           Headings.  The
headings contained herein are inserted for convenience only and do not
constitute a part of this Agreement.

     

    i..           Counterparts.  This
Agreement may be executed in one or more counterparts, each one of which shall
be deemed an original instrument and all of which together shall constitute one
and the same document.

     

     

    [Signature
Page Follows]

     

     

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

     

     

    IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of May
28, 2009.

     

     

    
      
        
          
            	WASTE2ENERGY, INC. 	 	 	WASTE2ENERGY
      GROUP HOLDINGS PLC	 
	 	 	 	 	 
	 	 	 	 	 
	
                    /s/

                  	 	 	
                    /s/
      

                  	 
	
                    Name

                  	 	 	
                    Name 

                  	 
	
                    Title 

                  	 	 	
                    Title

                  	 

          

        

      

    

    
      
        
          
            
              	 	 	 	 	 
	MAVEN MEDIA HOLDINGS,
      INC.  	 	 	CONSULTANT	 
	 	 	 	 	 
	 	 	 	 	 
	
                      /s/

                    	 	 	
                      /s/
      

                    	 
	
                      Name

                    	 	 	
                      Christopher
      d’Arnaud-Taylor

                    	 
	
                      Title 

                    	 	 	
                       

                    	 

            

          

        

      

    

     

            

     

     

     

    7

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