Document:

Unassociated Document

    Exhibit 10.2

    
 

    INDEMNIFICATION
AGREEMENT

    

    THIS AGREEMENT, made as of the 17th day
of September , 2008, by and between Sahara Media, Inc., a Delaware corporation
having its offices at 75 Franklin Street, 2nd Floor,
New York, New York 10013 (“Sahara”), and John Thomas Bridge & Opportunity
Fund  (“JTF”).

     

    WHEREAS, Sahara is party to a merger
agreement (the “Merger Agreement”) with Mac Filmworks, Inc., a Delaware
corporation whose stock is included for quotation on the Over-the-Counter
Bulletin Board (“Pubco”), and Sahara Media Acquisitions, Inc., a Delaware
corporation and a subsidiary of Pubco (“Acquirer”), pursuant to which at Closing
(as defined therein), the Acquirer shall be merged with and into Sahara, such
that Sahara shall become a wholly owned subsidiary of Pubco (the “Merger”), and
all outstanding shares of common stock of Sahara, $0.00001 par value (“Sahara
Common Stock”), shall be cancelled and extinguished and converted into the right
to receive one share of common stock, par value $0.003, of Pubco, for one share
of Sahara Common Stock;

     

    WHEREAS, pursuant to Section 3.3 of the
Merger Agreement, JTF has agreed to indemnify Sahara for any losses resulting
from breaches of Pubco’s representations, warranties, and covenants made in the
Merger Agreement, on the terms and conditions of this Agreement;

     

    NOW THEREFORE, intending to be legally
bound hereby, and in consideration of the mutual covenants herein contained and
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows:

    ARTICLE
I

     

    INDEMNIFICATION

     

    1.1           Indemnification.  JTF
hereby agrees to indemnify and hold Sahara  harmless from and against
any and all notices, actions, suits, proceedings, claims, demands, assessments,
judgments, costs, penalties and expenses against Sahara arising out of a breach
by Pubco of a representation, warranty or covenant contained in Sections 3 and
4, respectively, of the Merger Agreement..  Any such notices, actions,
suits, proceedings, claims, demands, assessments, judgments, costs, penalties
and expenses are hereinafter collectively referred to as “Losses”.
Notwithstanding anything to the contrary herein, (i) the maximum amount of
Losses that JTF shall be liable for pursuant to this Agreement shall be $400,000
and (ii) JTF shall have no further liability for any Loss that Sahara identifies
as a Claim(as defined below) delivered to JTF after two years from the date
hereof.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    1.2           Compensation.

    

    Sahara shall pay a fee of $400,000 to
JTF upon the execution hereof.

     

    1.3           Procedures.

     

    (a)           In
the event that any legal proceedings shall be instituted or that any claim or
demand (“Claim”) shall be asserted by any person in respect of which payment may
be sought under Section 1.1 hereof, Sahara shall reasonably and promptly cause
written notice of the assertion of any Claim of which it has knowledge which is
covered by this indemnity to be forwarded to JTF.  JTF shall have the
right, at its sole option and expense, to be represented by counsel of its
choice, which must be reasonably satisfactory to Sahara, and to defend against,
negotiate, settle or otherwise deal with any Claim which relates to any Losses
indemnified against hereunder.  If JTF elects to defend against,
negotiate, settle or otherwise deal with any Claim which relates to any Losses
indemnified against hereunder, it shall within ten (10) days (or sooner, if the
nature of the Claim so requires) notify Sahara of its intent to do
so.  Sahara shall not be liable for any settlement of any Claim
effected without its prior written consent, provided, however, that such consent
shall not unreasonably be withheld, delayed, or conditioned.  If JTF
elects not to defend against, negotiate, settle or otherwise deal with any Claim
which relates to any Losses indemnified against hereunder, fails to notify
Sahara of its election as herein provided or contests its obligation to
indemnify Sahara for such Losses under this Agreement, Sahara may defend
against, negotiate, settle or otherwise deal with such Claim.  JTF
shall not be liable for any settlement of any Claim effected without its prior
written consent, provided, however, that such consent shall not unreasonably be
withheld, delayed, or conditioned. If Sahara defends any Claim, then JTF shall
promptly reimburse Sahara for the actual expenses of defending such Claim upon
submission of periodic bills.  If JTF shall assume the defense of any
Claim, Sahara may participate, at its own expense, in the defense of such Claim;
provided, however, that Sahara shall be entitled to participate in any such
defense with separate counsel at the expense of JTF, if, (i) so requested by JTF
to participate or (ii) in the reasonable opinion of counsel to Sahara, a
conflict or potential conflict exists between Sahara and JTF that would make
such separate representation advisable.  The parties hereto agree to
cooperate fully with each other in connection with the defense, negotiation or
settlement of any such Claim.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (b)           After
any final judgment or award shall have been rendered by a court, arbitration
board or administrative agency of competent jurisdiction and the expiration of
the time in which to appeal therefrom, or a settlement shall have been
consummated, or Sahara and JTF shall have arrived at a mutually binding
agreement with respect to a Claim hereunder, Sahara shall forward to JTF notice
of any sums due and owing by JTF pursuant to this Agreement with respect to such
matter and JTF shall be required to pay all of the sums so due and owing to
Sahara by wire transfer of immediately available funds within 10 business days
after the date of such notice. The failure of Sahara to give reasonably prompt
notice of any Claim shall not release, waive or otherwise affect JTF’s
obligations with respect thereto except to the extent that JTF can demonstrate
actual loss and prejudice as a result of such failure.

    
 

    ARTICLE
II

     

    MISCELLANEOUS
PROVISIONS

     

    2.1           Binding Effect;
Benefits.  This Agreement shall inure to the benefit of, and
shall be binding upon, the parties hereto and their respective successors and
permitted assigns.  Except as otherwise set forth herein, this
Agreement may not be assigned by any party hereto without the prior written
consent of the other party hereto.  Except as otherwise set forth
herein, nothing in this Agreement, expressed or implied, is intended to confer
on any person other than the parties hereto or their respective successors and
permitted assigns any rights, remedies, obligations or liabilities under or by
reason of this Agreement.

     

    
      
         

      

      
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    2.2.  Notices.  All
notices and other communications to be given or delivered or permitted under or
by reason of the provisions of this Agreement or in connection with the
transactions contemplated hereby shall be in writing and shall be deemed to be
delivered and received by the intended recipient as follows: (i) if personally
delivered, on the business day of such delivery (as evidenced by the receipt of
the personal delivery service), (ii) if mailed certified or registered mail
return receipt requested, two (2) business days after being mailed, (iii) if
delivered by overnight courier (with all charges having been prepaid), on the
business day of such delivery (as evidenced by the receipt of the overnight
courier service of recognized standing), or (iv) if delivered by facsimile
transmission, on the business day of such delivery if sent by 6:00 p.m. in the
time zone of the recipient, or if sent after that time, on the next succeeding
business day (as evidenced by the printed confirmation of delivery generated by
the sending party’s telecopier machine).  If any notice, demand,
consent, request, instruction or other communication cannot be delivered because
of a changed address of which no notice was given (in accordance with this
Section 2.2), or the refusal to accept same, the notice, demand, consent,
request, instruction or other communication shall be deemed received on the
second business day the notice is sent (as evidenced by a sworn affidavit of the
sender).  All such notices, demands, consents, requests, instructions
and other communications will be sent to the following addresses or facsimile
numbers as applicable.

     

    
      
        	
                If
      to Sahara:

              	      
                Sahara
      Media, Inc.

              	 
      
	 
      	
                75
      Franklin Street, 2nd
      Floor

              	 
      
	 
      	
                New
      York, New York 10013

              	 
      
	 
      	
                Phone:
      212-465-3428

              	 
      
	 
      	
                Fax:
      212-226-7451

              	 
      
	 
      	 
      	 
      
	
                With
      a copy to:

              	      
                Sichenzia
      Ross Friedman Ference LLP

              	 
      
	 
      	
                61
      Broadway, 32nd
      Floor

              	 
      
	 
      	
                New
      York, NY 10006

              	 
      
	 
      	
                Phone:
      212-930-9700

              	 
      
	 
      	
                Fax:
      212-930-9725

              	 
      
	 
      	
                Attention:
      Marc Ross, Esq.

              	 
      
	 
      	 
      	 
      
	
                If
      to JTF:

              	      
                John
      Thomas Bridge & Opportunity Fund

              	 
      
	 
      	
                3
      Riverway, Suite 1800

              	 
      
	 
      	
                Houston,
      Texas 77056

              	 
      
	 
      	
                Attention:
      George Jarksey

              	 
      
	 
      	Fax:
      _______________	 
      
	
                                                      

              	Phone:
      _____________	 
      
	 
      	 
      	 
      
	
                With
      a Copy to:

              	 	 
      
	 
      	 
      	 
      
	
                                                    

              	Thomas
      C. Pritchard	 
      
	
                                                     

              	Brewer
      & Pritchard PC	 
      
	
                                                   

              	3
      Riverway, Suite 1800	 
      
	
                                                      

              	Houston,
      Texas 77056	 
      
	
                                                     

              	Fax:
      713 209 2912	 
      
	
                                                      

              	Phone:
      713 209 2911	 
      

      

       

    

    
      
         

      

      
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    2.3           Entire
Agreement.  This Agreement constitutes the entire agreement and
supersedes all prior agreements and understandings, oral and written, between
the parties hereto with respect to the subject matter hereof.

     

    2.4           Headings.  The
section and other headings contained in this Agreement are for reference
purposes only and shall not be deemed to be a part of this Agreement or to
affect the meaning or interpretation of this Agreement.

     

    2.5           Counterparts.  This
Agreement may be executed in any number of counterparts, each of which, when
executed, shall be deemed to be an original and all of which together shall be
deemed to be one and the same instrument.

     

    2.6           Governing
Law.  This Agreement shall be construed as to both validity and
performance and enforced in accordance with and governed by the laws of the
State of New York, without giving effect to the conflicts of law principles
thereof.

     

    2.7           Severability.  If
any term or provision of this Agreement shall to any extent be invalid or
unenforceable, the remainder of this Agreement shall not be affected thereby,
and each term and provision of the Agreement shall be valid and enforced to the
fullest extent permitted by law.

     

    2.8           Arbitration.  The
parties hereto shall attempt to resolve any dispute, controversy, difference or
claim arising out of or relating to this Agreement by negotiation in good
faith.  If such good negotiation fails to resolve such dispute,
controversy, difference or claim within thirty (30) days after any party
delivers to any other party a notice of its intent to submit such matter to
arbitration, then any party to such dispute, controversy, difference or claim
may submit such matter to arbitration.

     

    Any action or proceeding seeking to
enforce any provision of, or based upon any right arising out of, this Agreement
shall be settled by binding arbitration by a panel of three (3) arbitrators in
accordance with the Commercial Arbitration Rules of the American Arbitration
Association and governed by the laws of the State of Delaware (without regard to
the choice-of-law rules or principles of that jurisdiction).  Judgment
upon the award may be entered in any court located in the State of New York, and
all the parties hereto hereby expressly waive any objections or defense based
upon lack of personal jurisdiction.

     

    Each of the plaintiff and defendant
party to the arbitration shall select one (1) arbitrator (or where multiple
plaintiffs and/or defendants exist, one (1) arbitrator shall be chosen
collectively by such parties comprising the plaintiffs and one (1) arbitrator
shall be chosen collectively by those parties comprising the defendants) and
then the two (2) arbitrators shall mutually agree upon the third
arbitrator.  Where no agreement can be reached on the selection of
either a third arbitrator or an arbitrator to be named by either a group of
plaintiffs or a group of defendants, any implicated party may apply to a judge
of the courts of the State of New York, to name an
arbitrator.    Process in any such action or proceeding may
be served on any party anywhere in the world.

     

    2.9           Amendments.  This
Agreement may not be modified or changed except by an instrument or instruments
in writing executed by the parties hereto.

     

                2.10   Termination
of this Agreement.  This Agreement shall terminate and be of no
further force or effect with respect to any Claim delivered to JTF after two
years from the date hereof; provided that any Claim delivered to JTF pursuant to
Section 1 hereof prior to such termination period shall be governed by the terms
of this Agreement, which shall continue to be in full force and effect with
respect to such claims.

     

    
      
         

      

      
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    IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be duly executed as of the date
first above written.

     

     

    
      
        	 	Sahara
      Media, Inc.	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Philmore
      Anderson IV	 
	 	 	Philmore
      Anderson IV	 
	 	 	Chief
      Executive Officer	 
	 	 	 	 

      

    

     

    

      
        	 	John
      Thomas Bridge & Opportunity Fund	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ George
      R. Jarkesy, Jr.	 
	 	 	George
      R. Jarkesy, Jr.	 
	 	 	Managing
      Partner	 
	 	 	 	 

      

     

    

     

     

    6Unassociated Document

    Exhibit
10.3

     

    SECURITIES ESCROW
AGREEMENT

     

    THIS
SECURITIES ESCROW AGREEMENT (the “Escrow Agreement”), dated as of September 17,
2008, is entered into by and among Sahara Media, Inc., a Delaware corporation
(“Sahara”), the shareholders of Sahara
listed on the signature pages hereto (the “Sahara Escrow
Shareholders”), Mac
Filmworks, Inc., a Delaware corporation whose stock is included for quotation on
the Over-the-Counter Bulletin Board (“Pubco”), and Sichenzia Ross Friedman
Ference LLP with an address at 61 Broadway, 32nd Floor,
New York, NY 10006 (the “Escrow Agent”).

     

    Capitalized
terms used but not defined herein shall have the meanings set forth in the
Merger Agreement (as defined below).

     

    WITNESSETH:

     

    WHEREAS,
the Sahara Escrow Shareholders collectively own 13,763,390 shares of Sahara’s
aggregate 18,250,000 issued and outstanding shares of common stock, par value
$0.00001 (“Sahara Common Stock”);

     

    WHEREAS,
Sahara has entered into a merger agreement (the “Merger Agreement”) with Pubco
and Sahara Media Acquisitions, Inc., a Delaware corporation and a wholly owned
subsidiary of Pubco (the “Acquirer”), pursuant to which, at Closing, the
Acquirer shall be merged into and with Sahara, such that Sahara shall become a
wholly owned subsidiary of Pubco (the “Merger”), and all outstanding shares of
Sahara Common Stock shall automatically be cancelled and extinguished and
converted into the right to receive one share of common stock of Pubco, par
value $0.003 (the “Pubco Common Stock”) for one share of Sahara Common Stock
(the “Acquisition Shares”);

     

    WHEREAS,
it is a condition precedent to the Closing of the Merger that Sahara
Shareholders shall enter into an escrow agreement pursuant to which 5,000,000 of
the Acquisition Shares shall be held in escrow;

     

    WHEREAS,
the Sahara Escrow Shareholders have agreed to place the Escrow Shares (as
hereinafter defined) into escrow on the terms and conditions set forth in this
Escrow Agreement in the event Pubco fails to achieve certain performance
thresholds;

     

    WHEREAS,
Sahara, Pubco and the Sahara Escrow Shareholders have requested that the Escrow
Agent hold the Escrow Shares on the terms and conditions set forth in this
Escrow Agreement and the Escrow Agent has agreed to act as escrow agent pursuant
to the terms and conditions of this Escrow Agreement.

     

    NOW,
THEREFORE, in consideration of the covenants and mutual promises contained
herein and other good and valuable consideration, the receipt and legal
sufficiency of which are hereby acknowledged and intending to be legally bound
hereby, the parties agree as follows:

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    ARTICLE
I

     

    TERMS OF
THE ESCROW

     

    1.1. The
parties hereby agree to establish an escrow account with the Escrow Agent
whereby the Escrow Agent shall hold the Escrow Shares as contemplated by this
Agreement.

     

    1.2. Within
five business days after the Effective Time of the Merger, the Sahara Escrow
Shareholders shall deliver or cause to be delivered to the Escrow Agent stock
certificates evidencing 5,000,000 shares of Pubco Common Stock (the “Escrow
Shares”), in accordance with Schedule A hereto, along with stock powers executed
in blank with signature medallion guaranteed.

     

    1.3. The
parties hereby agree that the Escrow Shares shall be delivered to the Sahara
Escrow Shareholders, or returned to Pubco for cancellation, based on the
achievement of Pubco performance thresholds as set forth below:

     

    (i) In the
event that Pubco has launched the online magazine Honeymag.com six months after
the Closing Date (the “First Performance Threshold”), 20% of the Escrow Shares
shall be released to the Sahara Escrow Shareholders. If the First Performance
Threshold is met, within five business days of the date that is six months after
the Closing Date, Pubco and the Sahara Escrow Shareholders shall provide written
instructions to the Escrow Agent instructing the Escrow Agent to deliver 20% of
the Escrow Shares to the Sahara Escrow Shareholders pro rata in accordance with
Schedule A. The Escrow Agent shall deliver such Escrow Shares in accordance with
such instructions. If the First Performance Threshold is not met, within five
business days of the date that is six months after the Closing Date, Pubco and
the Sahara Escrow Shareholders shall provide written instructions to the Escrow
Agent to return 20% of the Escrow Shares to Pubco, and Pubco shall cancel such
Escrow Shares forthwith. The Escrow Agent shall deliver such Escrow Shares in
accordance with such instructions.

     

    
      
         

      

      
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    (ii) In the
event that Pubco has launched the social network Thehivespot.com seven months
after the Closing Date (the “Second Performance Threshold”), 20% of the Escrow
Shares shall be released to the Sahara Escrow Shareholders. If the Second
Performance Threshold is met, within five business days of the date that is
seven months after the Closing Date, Pubco and the Sahara Escrow Shareholders
shall provide written instructions to the Escrow Agent instructing the Escrow
Agent to deliver 20% of the Escrow Shares to the Sahara Escrow Shareholders pro
rata in accordance with Schedule A. The Escrow Agent shall deliver such Escrow
Shares in accordance with such instructions. If the Second Performance Threshold
is not met, within five business days of the date that is six months after the
Closing Date, Pubco and the Sahara Escrow Shareholders shall provide written
instructions to the Escrow Agent to return 20% of the Escrow Shares to Pubco,
and Pubco shall cancel such Escrow Shares forthwith. The Escrow Agent shall
deliver such Escrow Shares in accordance with such instructions.

     

    (iii) In the
event that, from the period from the launch of the online magazine Honeymag.com,
until nine months after the Closing Date, the average number of monthly viewer
impressions of Pubco’s online magazine Honeymag.com is at least 300,000 (the
“Third Performance Threshold”), 20% of the Escrow Shares shall be released to
the Sahara Escrow Shareholders. If the Third Performance Threshold is met,
within five business days of the date that is nine months after the Closing
Date, Pubco and the Sahara Escrow Shareholders shall provide written
instructions to the Escrow Agent instructing the Escrow Agent to deliver 20% of
the Escrow Shares to the Sahara Escrow Shareholders pro rata in accordance with
Schedule A. The Escrow Agent shall deliver such Escrow Shares in accordance with
such instructions. If the Third Performance Threshold is not met, within five
business days after the date that is nine months after the Closing Date, Pubco
and the Sahara Escrow Shareholders shall provide written instructions to the
Escrow Agent to return 20% of the Escrow Shares to Pubco, and Pubco shall cancel
such Escrow Shares forthwith. The Escrow Agent shall deliver such Escrow Shares
in accordance with such instructions.

     

    (iv) In the
event that Pubco’s social networking site Thehivespot.com has at least 200,000
registered users on September 30, 2009 (the “Fourth Performance Threshold”), 20%
of the Escrow Shares shall be released to the Sahara Escrow Shareholders. If the
Fourth Performance Threshold is met, within five business days of September 30,
2009, Pubco and the Sahara Escrow Shareholders shall provide written
instructions to the Escrow Agent instructing the Escrow Agent to deliver 20% of
the Escrow Shares to the Sahara Escrow Shareholders pro rata in accordance with
Schedule A. The Escrow Agent shall deliver such Escrow Shares in accordance with
such instructions. If the Fourth Performance Threshold is not met, within five
business days of September 30, 2009, Pubco and the Sahara Escrow Shareholders
shall provide written instructions to the Escrow Agent to return 20% of the
Escrow Shares to Pubco, and Pubco shall cancel such shares forthwith. The Escrow
Agent shall deliver such Escrow Shares in accordance with such
instructions.

     

    (v) In the
event that, Pubco either has revenue of at least $1,000,000 for the year ending
December 31, 2009, or accounts receivable of at least $1,000,000 as of December
31, 2009, as disclosed in Pubco’s audited financial statements included in
Pubco’s Form 10-K for the year ending December 31, 2009 filed with the
Securities and Exchange Commission (the “Fifth Performance Threshold”), 20% of
the Escrow Shares shall be released to the Sahara Escrow Shareholders. If the
Fifth Performance Threshold is met, within five business days after the filing
of Pubco’s Form 10-K for the year ending December 31, 2009, Pubco shall provide
written instructions to the Escrow Agent instructing the Escrow Agent to deliver
20% of the Escrow Shares to the Sahara Escrow Shareholders pro rata in
accordance with Schedule A. The Escrow Agent shall deliver such Escrow Shares in
accordance with such instructions. If the Fifth Performance Threshold is not
met, within five business days after the filing of Pubco’s Form 10-K for the
year ending December 31, 2009, Pubco shall provide written instructions to the
Escrow Agent to return 20% of the Escrow Shares to Pubco, and Pubco shall cancel
such Escrow Shares forthwith. The Escrow Agent shall deliver such Escrow Shares
in accordance with such instructions.

     

    
      
         

      

      
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    ARTICLE
II

     

    MISCELLANEOUS

     

    2.1 Upon execution of this Agreement,
Sahara shall pay Escrow Agent a total of $5,000 for all services rendered by
Escrow Agent hereunder.

     

    2.2 No
waiver or any breach of any covenant or provision herein contained shall be
deemed a waiver of any preceding or succeeding breach thereof, or of any other
covenant or provision herein contained. No extension of time for performance of
any obligation or act shall be deemed an extension of the time for performance
of any other obligation or act.

     

    2.3 All
notices, demands, consents, requests, instructions and other communications to
be given or delivered or permitted under or by reason of the provisions of this
Agreement or in connection with the transactions contemplated hereby shall be in
writing and shall be deemed to be delivered and received by the intended
recipient as follows: (i) if personally delivered, on the business day of such
delivery (as evidenced by the receipt of the personal delivery service), (ii) if
mailed certified or registered mail return receipt requested, two (2) business
days after being mailed, (iii) if delivered by overnight courier (with all
charges having been prepaid), on the business day of such delivery (as evidenced
by the receipt of the overnight courier service of recognized standing), or (iv)
if delivered by facsimile transmission, on the business day of such delivery if
sent by 6:00 p.m. in the time zone of the recipient, or if sent after that time,
on the next succeeding business day (as evidenced by the printed confirmation of
delivery generated by the sending party’s telecopier machine).  If any
notice, demand, consent, request, instruction or other communication cannot be
delivered because of a changed address of which no notice was given (in
accordance with this Section 2), or the refusal to accept same, the notice,
demand, consent, request, instruction or other communication shall be deemed
received on the second business day the notice is sent (as evidenced by a sworn
affidavit of the sender).  All such notices, demands, consents,
requests, instructions and other communications will be sent to the following
addresses or facsimile numbers as applicable.

     

    If to
Escrow
Agent:             Sichenzia
Ross Friedman Ference LLP

    61
Broadway, 32nd
Floor,

    New York,
NY 10006

    Attention:
Marc Ross, Esq.

    Tel
No.:212-930-9700

    Fax No.:
212-930-9725

     

    If to
Sahara:

    Sahara
Media, Inc.

    75
Franklin Street, 2nd
Floor

    New York,
NY 10013

    Tel No.
212-465-3428

    Fax No.
212-226-7451

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    With a
copy to:

    

    Sichenzia
Ross Friedman Ference LLP

    61
Broadway, 32nd Floor

    New York,
NY 10006

    Attention:  Marc
Ross, Esq.

    Tel.
No.:  212-930-9700

    Fax
No.:  212-930-9725

    

    If to
Pubco:

    

    Mac Filmworks, Inc.

    75 Franklin Street, 2nd

    FloorNew York,
New York 10013

    Fax: 212
226-7451

    Phone: 212 465-3428

    

    

    If to the
Sahara Escrow Shareholders:

    

    In accordance with the addresses listed
on the signature pages hereto.

     

    or to
such other address and to the attention of such other person as any of the above
may have furnished to the other parties in writing and delivered in accordance
with the provisions set forth above.

     

    2.4 This Escrow Agreement shall be
binding upon and shall inure to the benefit of the permitted successors and
permitted assigns of the parties.

     

    2.5 This
Escrow Agreement is the final expression of, and contains the entire agreement
between, the parties with respect to the subject matter hereof and supersedes
all prior understandings with respect thereto. This Escrow Agreement may not be
modified, changed, supplemented or terminated nor may any obligations hereunder
be waived, except by written instrument signed by the parties to be charged or
by its agent duly authorized in writing or as otherwise expressly permitted
herein, provided, however, Section 1.3 of this Agreement may not be amended
without the consent of the Sahara Escrow Shareholders, Pubco, the Escrow Agent
and John Thomas Bridge & Opportunity Fund, which consent may not be
unreasonably withheld.

     

    2.6 Whenever
required by the context of this Escrow Agreement, the singular shall include the
plural and masculine shall include the feminine. This Escrow Agreement shall not
be construed as if it had been prepared by one of the parties, but rather as if
both parties had prepared the same. Unless otherwise indicated, all references
to Articles are to this Escrow Agreement.

     

    2.7 The parties hereto expressly
agree that this Escrow Agreement shall be governed by, interpreted under and
construed and enforced in accordance with the laws of the State of New York,
without regard to conflicts of law principles that would result in the
application of the substantive laws of another jurisdiction. Any action to
enforce, arising out of, or relating in any way to, any provisions of this
Escrow Agreement shall only be brought in a state or Federal court sitting in
New York City, Borough of Manhattan.

     

    
      
         

      

      
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    2.8 The Escrow Agent’s duties
hereunder may be altered, amended, modified or revoked only by a writing signed
by Pubco, the Sahara Escrow Shareholders, Sahara and the Escrow
Agent.

     

    2.9 The Escrow Agent shall be
obligated only for the performance of such duties as are specifically set forth
herein and may rely and shall be protected in relying or refraining from acting
on any instrument reasonably believed by the Escrow Agent to be genuine and to
have been signed or presented by the proper party or parties. The Escrow Agent
shall not be personally liable for any act the Escrow Agent may do or omit to do
hereunder as the Escrow Agent while acting in good faith and in the absence of
gross negligence, fraud and willful misconduct, and any act done or omitted by
the Escrow Agent pursuant to the advice of the Escrow Agent’s attorneys-at-law
shall be conclusive evidence of such good faith, in the absence of gross
negligence, fraud and willful misconduct.

     

    2.10 The Escrow Agent is hereby
expressly authorized to disregard any and all warnings given by any of the
parties hereto or by any other person or corporation, excepting only orders or
process of courts of law and is hereby expressly authorized to comply with and
obey orders, judgments or decrees of any court. In case the Escrow Agent obeys
or complies with any such order, judgment or decree, the Escrow Agent shall not
be liable to any of the parties hereto or to any other person, firm or
corporation by reason of such decree being subsequently reversed, modified,
annulled, set aside, vacated or found to have been entered without
jurisdiction.

     

    2.11 The Escrow Agent shall not be
liable in any respect on account of the identity, authorization or rights of the
parties executing or delivering or purporting to execute or deliver any
documents or papers deposited or called for thereunder in the absence of gross
negligence, fraud and willful misconduct.

     

    2.12 The Escrow Agent shall be
entitled to employ such legal counsel and other experts as the Escrow Agent may
deem necessary properly to advise the Escrow Agent in connection with the Escrow
Agent’s duties hereunder, may rely upon the advice of such counsel, and may pay
such counsel reasonable compensation therefor which shall be paid by the Escrow
Agent. The Escrow Agent has
acted as legal counsel for Sahara, may continue to act as legal counsel for
Sahara from time to time, and may act as legal counsel for Pubco from time to
time, notwithstanding its duties as the Escrow Agent hereunder. Pubco and the
Sahara Escrow Shareholders, as applicable, consent to the Escrow Agent in such
capacity as legal counsel for Sahara and Pubco, as applicable, and waive any
claim that such representation represents a conflict of interest on the part of
the Escrow Agent. Pubco and the Sahara Escrow Shareholders understand that the
Escrow Agent is relying explicitly on the foregoing provision in entering into
this Escrow Agreement.

     

    2.13 The Escrow Agent’s
responsibilities as escrow agent hereunder shall terminate if the Escrow Agent
shall resign by giving written notice to Pubco and the Sahara Escrow
Shareholders. In the event of any such resignation, Pubco and the Sahara Escrow
Shareholders shall appoint a successor Escrow Agent and the Escrow Agent shall
deliver to such successor Escrow Agent any Escrow Shares and other documents
held by the Escrow Agent. If Pubco and the Sahara Escrow Shareholders shall fail
to appoint a successor Escrow Agent upon resignation of the Escrow Agent in
accordance with this Section 2.13, the Escrow Agent is authorized and directed
in the Escrow Agent’s sole discretion (1) to retain in the Escrow Agent’s
possession the Escrow Shares and any other documents or property held by the
Escrow Agent hereunder, until Pubco and the Sahara Escrow Shareholders appoint a
successor Escrow Agent, or (2) to deliver the Escrow Shares and any other
property and documents held by the Escrow Agent hereunder to a state or Federal
court having competent subject matter jurisdiction and located in the City of
New York, Borough of Manhattan, in accordance with the applicable procedure
therefor.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    2.14 If the Escrow Agent reasonably
requires other or further instruments in connection with this Escrow Agreement
or obligations in respect hereto, the necessary parties hereto shall join in
furnishing such instruments.

     

    2.15 It is understood and agreed
that should any dispute or question arise with respect to the delivery and/or
ownership or right of possession of the documents or the Escrow Shares held by
the Escrow Agent hereunder, the Escrow Agent is authorized and directed in the
Escrow Agent’s sole discretion (1) to retain in the Escrow Agent’s possession
without liability to anyone all or any part of said documents or the Escrow
Shares until such disputes or questions shall have been settled either by mutual
written agreement of the parties concerned or by a final order, decree or
judgment of a court of competent jurisdiction after the time for appeal has
expired and no appeal has been perfected, but the Escrow Agent shall be under no
duty whatsoever to institute or defend any such proceedings or (2) to deliver
the Escrow Shares and any other property and documents held by the Escrow Agent
hereunder to a state or Federal court having competent subject matter
jurisdiction and located in the City of New York, Borough of Manhattan, in
accordance with the applicable procedure therefor.

     

    2.16 Pubco, Sahara and the Sahara
Escrow Shareholders agree to jointly and severally indemnify and hold harmless
the Escrow Agent and its partners, employees, agents and representatives from
any and all claims, liabilities, costs or expenses in any way arising from or
relating to the duties or performance of the Escrow Agent hereunder or the
transactions contemplated hereby or by the Merger Agreement other than any such
claim, liability, cost or expense to the extent the same shall have been
determined by final, unappealable judgment of a court of competent jurisdiction
to have resulted from the gross negligence, fraud or willful misconduct of the
Escrow Agent.

     

    [Signature
Page Follows]

     

     

     

     

     

    
 

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    [SIGNATURE
PAGE TO SECURITIES ESCROW AGREEMENT]

     

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of this 17th
day of September, 2008.

     

    
      
        	      
                Mac
      Filmworks, Inc.

              	 	 	 	 
	 	 	 	 	 	 
	By:
      	
                /s/
      Dwayne Deslatte

              	 	 	
                 

              	 
	 	
                Name:
      Dwayne Deslatte

              	 	 	
                 

              	 
	 	
                Title:
      Chief Executive Officer

              	 	 	
                 

              	 

      

    

     

    
      
        
          	      
                  ESCROW
      AGENT:

                	 	 	 	 
	 	 	 	 	 
	      
                  Sichenzia
      Ross Friedman Ference LLP

                	 	 	 	 
	 	 	 	 	 	 
	By:	
                  /s/
      Marc Ross

                	 	 	
                   

                	 
	 	
                  Name:
      Marc Ross

                	 	 	
                   

                	 
	 	
                  Title:
      Partner

                	 	 	
                   

                	 

        

      

       

      
        
          
            	      
                    Sahara
      Media, Inc.

                  	 	 	 	 
	 	 	 	 	 	 
	By:	
                    /s/
      Philmore Anderson IV

                  	 	 	
                     

                  	 
	 	
                    Name:
      Philmore Anderson IV

                  	 	 	
                     

                  	 
	 	
                          
                      Title:
      Chief Executive Officer

                    

                  	 	 	
                     

                  	 

          

        

         

        
          
            
              	SAHARA
      ESCROW SHAREHOLDERS:	 	 	 	 
	 	 	 	 	 
	SE,
      LLC	 	 	 	 
	 	 	 	 	 	 
	By:	
                      /s/
      Philmore Anderson IV    

                    	 	 	
                       

                    	 
	 	
                            
                        Name:
      Philmore Anderson IV

                      

                    	 	 	
                       

                    	 
	 	      
                      Title:
      Chief Executive Officer

                    	 	 	
                       

                    	 

            

          

          
             

            
              
                	Agreed
      and Accepted with Respect to Section 2.5 hereof:	 	 	 	 
	 	 	 	 	 
	John
      Thomas Bridge & Opportunity Fund	 	 	 	 
	 	 	 	 	 	 
	By:	
                        /s/
      George R. Jarkesy, Jr.

                      	 	 	
                         

                      	 
	 	
                              
                          Name:
      George R. Jarkesy, Jr.

                        

                      	 	 	
                         

                      	 
	 	
                              
                          Title:
      Managing Partner

                        

                      	 	 	
                         

                      	 

              

               

              
                
                   

                

                
                  8

                  
                    

                  

                

                
                   

                

              

            

          

        

      

    

     

     

    Schedule
A

    
 

     

    
      	
              Sahara
      Escrow Shareholder

            	
              Escrow
      Shares

            
	
              SE,
      LLC

            	
              5,000,000

            
	 
      	 
      
	 
      	 
      
	 
      	 
      
	 
      	 
      
	 
      	 
      
	 
      	 
      
	 
      	 
      
	 
      	 
      

    

     

     

     

     

     

     

     

    9

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