Document:

SUBSCRIPTION AGREEMENT

      This Subscription Agreement dated as of           , 2006 (the "Agreement")
is entered  into by and among  Mediavest,  Inc., a New Jersey  corporation  (the
"Company"),  and the  individuals  and entities  listed on Exhibit A hereto (the
"Purchasers").

                                   BACKGROUND

      WHEREAS,  the Company is offering in a private  placement  to  "accredited
investors" (as such term in defined in Regulation D ("Regulation D") promulgated
under the Securities Act of 1933, as amended (the  "Securities  Act")) a minimum
of  $1,500,000  (the  "Minimum  Amount")  and up to  $10,000,000  (the  "Maximum
Amount") of units consisting of (i) one share of common stock, $0.0001 par value
per share,  of the  Company  (the  "Common  Stock")  and (ii) one  Warrant  (the
"Warrant") to purchase,  at an exercise  price of $2.00 per share,  one share of
Common  Stock  (each unit is being sold at an  offering  price of $1.00 per unit
(the "Units")) (the "Offering");

      WHEREAS,  the Purchaser desires to purchase that number of Units set forth
on the signature page hereof on the terms and conditions  hereinafter  set forth
and on the terms and conditions set forth herein;

      NOW,   THEREFORE,   in  consideration  of  the  premises  and  the  mutual
representations and covenants hereinafter set forth, the parties hereto agree as
follows:

      1. Authorization and Sale of Units.

            1.1  Authorization.  The Company has, or before the Initial  Closing
(as  defined in Section 2) will have,  duly  authorized  the sale and  issuance,
pursuant to the terms of this Agreement,  of (a) up to 10,000,000  shares of its
Common  Stock;  and (b) Warrants to purchase up to  10,000,000  shares of Common
Stock in the form attached hereto at Exhibit B.

            1.2 Sale of Units;  Subscription for Units. Subject to the terms and
conditions of this Agreement,  at the applicable Closing,  the Company will sell
and issue to each of the  Purchasers,  and each of the Purchasers  will purchase
the number of Units set forth  opposite such  Purchaser's  name on Exhibit A for
the  purchase  price of $1.00 per  Unit.  The  shares  of  Common  Stock and the
Warrants being sold under this Agreement are sometimes hereinafter  collectively
referred  to as the  "Securities."  The  Company's  agreement  with  each of the
Purchasers  is a  separate  agreement,  and  the  sale of  Units  to each of the
Purchasers is a separate sale.

      To  subscribe  for  Units,  this  Agreement  must be  properly  completed,
executed and the purchase  price  delivered to American Stock Transfer and Trust
Company,  59 Maiden Lane, New York, New York 10038,  Attention:  Henry Reinhold,
accompanied  by a check payable to "American  Stock  Transfer and Trust Company,
Escrow Agent for Mediavest,  Inc." (the "Escrow Agent"). A Purchaser desiring to
deliver the purchase price for the Units in the form of wire transfer shall wire
to the Escrow Agent at: JP Morgan  Chase,  55 Water Street,  New York,  New York
10041, ABA# 021 000 021, Account #323-836909,  Attention: Henry Reinhold. If the
purchase  price is paid by wire  transfer,  the Purchaser  shall (i) include the
Purchaser's  name in the wire transfer  instructions;  and (ii) request from the
bank or other financial institution that is originating the transfer the federal
wire number with respect to the and retain that number for future reference.

<PAGE>

            1.3 Use of Proceeds. The Company will use the proceeds from the sale
of the Units for working capital and general corporate purposes.

      2. The Closing. The initial closing shall occur on the sale by the Company
of at least the Minimum Amount and under this Agreement shall take place at such
time and place as the Company may designate (the "Initial Closing," and the date
on which the Initial Closing occurs, the "Initial Closing Date").  Following the
Initial  Closing  Date,  and up to  October  31,  2006,  the  Company  may  hold
additional closings (each, with the Initial Closing, a "Closing",  and each such
date,  with the Initial Closing Date, a "Closing Date") at such places and times
as  designated  by the Company until the earlier of (i) such time as the Company
has  sold up to the  Maximum  Amount  or (ii)  October  31,  2006.  There  is no
assurance that either the Minimum Amount or the Maximum Amount will be sold.

            Promptly following the applicable Closing, the Company shall deliver
to each of the Purchasers a certificate for the number of shares of Common Stock
and  warrant  agreements  for  the  number  Warrants  being  purchased  by  such
Purchaser,  registered  in the name of such  Purchaser,  against  payment to the
Company of the purchase price  therefor by check or wire transfer,  as specified
in Exhibit A

      The  Purchaser  hereby  authorizes  and directs the Company to deliver the
Securities to be issued to the Purchaser  pursuant to this Agreement directly to
the residential or business address indicated on the signature page hereto.

      3.  Representations  of the Purchasers.  Each of the Purchasers  severally
represents and warrants to the Company as follows:

            (a)  The  Purchaser   has  received  and  carefully   reviewed  such
information  and  documentation  relating to the Company that the  Purchaser has
requested,  including without limitation,  the Company's filings with the United
States Securities and Exchange Commission (the "Commission").

            (b) The Purchaser has had a reasonable  opportunity to ask questions
of and receive answers from the Company concerning the Company and the Offering,
and all such questions,  if any, have been answered to the full  satisfaction of
the Purchaser.

            (c) The Purchaser  understands  that the Company has determined that
the exemption from the registration provisions of the Securities Act provided by
Regulation D is applicable to the offer and sale of the  Securities,  based,  in
part, upon the representations,  warranties and agreements made by the Purchaser
herein.

            (d) Except as set forth  herein,  no  representations  or warranties
have been  made to the  Purchaser  by the  Company  or any  agent,  employee  or
affiliate of the Company and in entering into this transaction, the Purchaser is
not  relying  upon  any  information  other  than  the  results  of  independent
investigation by the Purchaser.

                                       2
<PAGE>

            (e) The  Purchaser  has full  power and  authority  to  execute  and
deliver this Agreement and to perform the obligations of the Purchaser hereunder
and  this  Agreement  is a  legally  binding  obligation  of  the  Purchaser  in
accordance with its terms.

            (f) Regulation D.

                  (i) The Purchaser  understands and acknowledges  that: (A) the
Securities  acquired  pursuant to this Agreement have not been registered  under
the  Securities  Act and are  being  sold in  reliance  upon an  exemption  from
registration  afforded by Regulation D; and that such  Securities  have not been
registered with any state  securities  commission or authority;  (B) pursuant to
the requirements of Regulation D, the Securities may not be transferred, sold or
otherwise  exchanged  unless in compliance  with the  provisions of Regulation D
and/or  pursuant to  registration  under the  Securities  Act, or pursuant to an
available exemption  thereunder;  and (C) other than as set forth in Section 5.1
of this Agreement, the Company is under no obligation to register the Securities
under the Securities Act or any state  securities  law, or to take any action to
make any exemption from any such registration provisions available.

                  (ii)  The  Purchaser  is an  accredited  investor  within  the
meaning  of Rule  501 of  Regulation  D,  is  knowledgeable,  sophisticated  and
experienced  in making,  and is  qualified  to make,  decisions  with respect to
investment shares  representing an investment decision like that involved in the
purchase of the Securities.

                  (iii) The Purchaser is purchasing  the Securities for his, her
or its own  account  for  investment  only and has no  intention  of  selling or
distributing  the  Securities  and  no  other  person  has  any  interest  in or
participation in the Securities or any right, option, security interest,  pledge
or other  interest in or to the  Securities.  The Purchaser  recognizes  that an
investment in the Securities involves a high degree of risk, including a risk of
total loss of the Purchaser. The Purchaser understands,  acknowledges and agrees
that it must bear the economic risk of its  investment in the  Securities for an
indefinite  period of time and has  knowledge  and  experience  in financial and
business  matters  such  that it is  capable  of  evaluating  the  risks  of the
investment in the Securities  and the Purchaser  understands,  acknowledges  and
agrees that prior to any such offer or sale, the Company may require, subject to
the fulfillment of the Company's  obligations under Section 6 of this Agreement,
as a condition to effecting a transfer of the Securities, an opinion of counsel,
acceptable to the Company,  as to the registration or exemption  therefrom under
the Securities Act and any state securities acts, if applicable.

                  (iv) The Purchaser  acknowledges that the Securities will bear
a legend in substantially the following form:

                  THE   SECURITIES   REPRESENTED   BY  THIS   CERTIFICATE   (THE
                  "SECURITIES")  HAVE NOT BEEN  REGISTERED  UNDER THE SECURITIES
                  ACT OF 1933,  AS AMENDED (THE  "SECURITIES  ACT") OR ANY STATE
                  SECURITIES LAWS AND MAY NOT BE SOLD,  TRANSFERRED OR OTHERWISE
                  DISPOSED OF UNLESS  REGISTERED  UNDER THE  SECURITIES  ACT AND
                  UNDER  APPLICABLE  STATE  SECURITIES LAWS OR THE COMPANY SHALL
                  HAVE RECEIVED AN OPINION OF ITS COUNSEL THAT  REGISTRATION  OF
                  SUCH  SECURITIES  UNDER  THE  SECURITIES  ACT  AND  UNDER  THE
                  PROVISIONS  OF  APPLICABLE   STATE   SECURITIES  LAWS  IS  NOT
                  REQUIRED.

                                       3
<PAGE>

                  (g) Neither the Purchaser,  nor any affiliate of the Purchaser
or any person  acting on his,  her or its behalf,  has  recently  sold shares of
unregistered Common Stock of the Company.

      4.  Condition to the  Obligations of the Company.  The  obligations of the
Company under Section 1.2 of this Agreement are subject to  fulfillment,  or the
waiver, of the following condition on or before the Closing:

            4.1 Accuracy of Representations and Warranties.  The representations
and warranties of the Purchasers  contained in Section 3 shall be true on and as
of the  Closing  Date with the same effect as though  such  representations  and
warranties had been made on and as of that date (except that any  representation
or warranty  expressly  stated to have been made or given as of a specific  date
need be true only as of such date).

      5. Covenants of the Company.

            5.1 Piggyback  Registration Rights. If at any time the Company shall
determine to register under the Securities Act any of its securities (other than
on Form S-8 or Form S-4 or their then  equivalents  and other than  shares to be
issued solely (i) in connection  with any  acquisition of any entity or business
(ii) upon the exercise of stock options,  or (iii) pursuant to employee  benefit
plans),  it shall send to each holder of Registrable  Shares (as defined below),
including each holder who has the right to acquire Registrable  Shares,  written
notice of such  determination  and, if within  thirty (30) days after receipt of
such notice, such holder shall so request in writing,  the Company shall use its
commercially reasonable efforts to include in such registration statement all or
any  part of the  Registrable  Shares  such  holder  requests  to be  registered
therein;  provided  that,  if, in  connection  with any  offering  involving  an
underwriting  of  Common  Stock  to be  issued  by  the  Company,  the  managing
underwriter  shall  prohibit the  inclusion of shares of Common Stock by selling
holders in such  registration  statement  or shall  impose a  limitation  on the
number  of  shares  of such  Common  Stock  which  may be  included  in any such
registration statement because, in its judgment, such limitation is necessary to
effect an orderly public  distribution,  and such limitation is imposed pro rata
with respect to all  securities  whose  holders have a  contractual,  incidental
("piggyback") right to include such securities in the registration statement and
as to which  inclusion  has been  requested  pursuant to such right and there is
first  excluded  from such  registration  statement  all shares of Common  Stock
sought to be  included  therein  by (i) any holder  thereof  not having any such
contractual,  incidental registration rights, and (ii) any holder thereof having
contractual, incidental registration rights subordinate and junior to the rights
of the holders of  Registrable  Shares,  the Company  shall then be obligated to
include in such  registration  statement only such limited portion (which may be
none) of the Registrable  Shares with respect to which such holder has requested
inclusion  hereunder.  "Registrable  Shares"  means the  shares of Common  Stock
included in the Units and the shares of Common  Stock  underlying  the  Warrants
included in the Units;  provided,  however,  that  shares of Common  Stock shall
cease to be  Registrable  Shares upon any sale of such shares  pursuant to (i) a
registration  statement  filed  under  the  Securities  Act,  or (ii)  Rule  144
promulgated under the Securities Act.

                                       4
<PAGE>

            5.2  Reservation  of Common  Stock.  The Company  shall  reserve and
maintain  a  sufficient  number  of shares of  Common  Stock for  issuance  upon
exercise of all of the outstanding Securities.

      6.  Transfer of  Securities.  The Purchaser is aware that the Company will
make  a  notation  in  its   appropriate   records  and  issue  "stop  transfer"
instructions  to its  transfer  agent with  respect to the  restrictions  on the
transferability of such Securities.

            (a) The Purchaser  understands that this subscription is not binding
upon the Company until the Company  accepts it, which  acceptance is at the sole
discretion of the Company and is to be evidenced by the  Company's  execution of
this Agreement  where  indicated.  This Agreement  shall be null and void if the
Company  does not  accept it as  aforesaid.  In the event the  Company  does not
accept  the  Offering  proceeds,  the  Offering  will not be  completed  and all
Offering proceeds will thereafter be promptly returned to the Purchasers without
interest or deduction.  The undersigned understands that the Company may, in its
sole discretion,  reject this  subscription,  in whole or in part, and/or reduce
this  subscription  in any  amount  and to any  extent,  whether or not pro rata
reductions are made of any other investor's subscription.

            (b) Subject to applicable  state  securities  laws, the subscription
delivered  to the Company by the  Purchaser  pursuant to this  Agreement  is not
subject to revocation by the Purchaser,  but may be rejected by the Company,  in
whole or in part, in the Company's sole discretion,  in which event the purchase
price and execution copy of this Agreement  submitted will be returned (by mail)
to the  undersigned  without  interest  or  deduction  within 15  business  days
thereafter.

      7. Forward Split. The Purchaser is aware that the Company intends to split
(or dividend) shares of its Common Stock on a two and a half-for-one  basis (the
"Stock  Split") on or about August 17, 2006 (the  "Effective  Date").  Since the
Closing is anticipated to take place after the Effective Date, the Purchasers in
the Offering will not benefit from the Stock Split.  The Purchaser is aware that
all purchases made pursuant to this  Agreement  reflect  post-Stock  Split share
numbers and that the per share purchase price and the number of shares purchased
will be reflected on a post-Stock Split basis at Closing. Thus, whereas, without
giving effect to the Stock Split, each $1.00 paid by a Purchaser in the Offering
would have  purchased a unit  consisting  of (i) two and a half shares of Common
Stock,  and (ii) a warrant to purchase two and a half shares of Common Stock, at
an exercise  price of $2.00 per share,  after giving  effect to the Stock Split,
each $1.00 paid by a Purchaser in the Offering will  purchase a unit  consisting
of (i) one share of Common  Stock,  and (ii) a warrant to purchase  one share of
Common Stock, at an exercise price of $2.00 per share.

      8. The Shares are  subject to  standard  anti-dilution  provisions  in the
event of forward or reverse stock splits or  recapitalizations.  For example, if
the Company  engages in a two for one reverse  stock split,  a holder of 100,000
Shares will be affected as follows:

         Pre-Split Ownership:

                  100,000 Shares

         Post-Split Ownership:

                  50,000 Shares

                                       5
<PAGE>

      9. Broker's  Fees.  The  Purchaser is aware that,  in connection  with the
Offering,  the Company may pay a broker's fee or fees  totaling up to 10% of the
gross proceeds received by the Company from the Offering.

      10. Miscellaneous.

            10.1  Successors  and  Assigns.  This  Agreement  and any rights and
obligations  hereunder  may not be  transferred  or  assigned  by the  Purchaser
without the prior written consent of the Company.  This Agreement shall inure to
the benefit of, and be binding  upon the  Company  and the  Purchaser  and their
respective heirs, legal representatives and permitted assigns.

            10.2 Survival. All representations and warranties and all covenants,
agreements  and  obligations  made  by the  Company  or the  Purchasers  in this
Agreement,  or in any instrument or document  furnished in connection  with this
Agreement or the transactions contemplated hereby, shall survive the Closing and
any investigation at any time made by or on behalf of any indemnified party.

            10.3. Indemnification. The Purchaser agrees to indemnify the Company
and hold it harmless from and against any and all losses, damages,  liabilities,
costs and expenses  which it may sustain or incur in connection  with the breach
by the  Purchaser  of any  representation,  warranty  or  covenant  made  by the
Purchaser .

            10.4 Notices. All notices or other communications hereunder shall be
in writing and shall be deemed to have been duly given if  delivered  personally
or mailed by certified or registered  mail,  return receipt  requested,  postage
prepaid, as follows:

                  (a) If to the Company, to Mediavest, Inc., c/o Trinad Capital,
2121 Avenue of the Stars, Suite 1650, Los Angeles,  CA 90067,  Attention:  Chief
Executive  Officer or to such other  address as the  Company or the  undersigned
shall have designated to the other by like notice.

                  (b) If to a Purchaser, at his, her or its address set forth on
Exhibit A, or at such other  address or addresses as may have been  furnished to
the Company in writing by such Purchaser.

            10.5 Entire  Agreement.  This  Agreement and the Warrant  embody the
entire  agreement and  understanding  between the parties hereto with respect to
the subject matter hereof and supersede all prior agreements and  understandings
relating to such subject matter.

            10.6 Amendments and Waivers. Except as otherwise expressly set forth
in this Agreement,  any term of this Agreement may be amended and the observance
of any term of this Agreement may be waived (either generally or in a particular
instance and either  retroactively or prospectively) with the written consent of
the Company and the majority of the  Purchasers.  No waivers of or exceptions to
any  term,  condition  or  provision  of  this  Agreement,  in any  one or  more
instances,  shall be deemed  to be, or  construed  as, a further  or  continuing
waiver of any such term, condition or provision.

                                       6
<PAGE>

            10.7  Counterparts.  This  Agreement  may be executed in one or more
counterparts,  each of which shall be deemed to be an original, but all of which
shall be one and the same document.

            10.8 Section Headings.  The section headings are for the convenience
of the parties  and in no way alter,  modify,  amend,  limit,  or  restrict  the
contractual obligations of the parties.

            10.9  Severability.   The  invalidity  or  unenforceability  of  any
provision of this Agreement shall not affect the validity or  enforceability  of
any other provision of this Agreement.

            10.10  Governing  Law.  This  Agreement  shall  be  governed  by and
construed in accordance with the laws of the State of New York.

                           [signature page to follow]

                                       7
<PAGE>

SIGNATURE PAGE                              Date Signed:          , 2006
---------------------------                              ---------

Number of Units:
                                            --------------

Multiplied by Offering Price Per Unit:      x        $1.00
                                                     -----

Equals Amount:                      =       $
                                            ---------------

---------------------------                 --------------------------------
Signature                                   Second Signature
                                            (if purchasing jointly)

---------------------------                 --------------------------------
Printed Name                                Printed Second Name

---------------------------                 --------------------------------
Entity Name                                 Entity Name

---------------------------                 --------------------------------
Address                                     Address

---------------------------                 --------------------------------
City, State and Zip Code                    City, State and Zip Code

---------------------------                 --------------------------------
Telephone-Business                          Telephone-Business

---------------------------                 --------------------------------
Facsimile-Business                          Facsimile-Business

---------------------------                 --------------------------------
Tax ID # or Social Security #               Tax ID # or Social Security #

Name in which securities should be issued:
                                            --------------------------------

<PAGE>

================================================================================

This Agreement is agreed to and accepted as of          , 2006.
                                               --------

                                       MEDIAVEST, INC.

                                       By:
                                            --------------------------------
                                            Name:
                                            Title:

<PAGE>

                                    EXHIBIT A
                               List of Purchasers

   Name and Address            No. of Units                    Aggregate
     of Purchaser                                             Purchase Price

                                                              $
                                                              $
                                                              $
                                                              $
                                                              $
                                                              $
                                                              $
                                                              $
                                                              $

TOTALS:                                                       $
-------

<PAGE>

                                    EXHIBIT B

                                     WarrantMANAGEMENT AGREEMENT

      THIS MANAGEMENT AGREEMENT (the "Agreement") is entered into as of the 14th
day of September, 2006 by and between MEDIAVEST,  INC., a New Jersey corporation
(the "Company") and TRINAD MANAGEMENT, LLC, a Delaware limited liability company
(the "Manager").

                                   WITNESSETH:

      WHEREAS,  pursuant  to  this  Agreement  the  Company  shall  utilize  the
Manager's services on an ongoing basis for certain management  services from the
Effective  Date and  continuing  until the  expiration  or  termination  of this
Agreement pursuant to the terms contained herein.

      NOW  THEREFORE,  in  consideration  of the  foregoing and of the covenants
herein, it is mutually agreed as follows:

      1.    The effective date of this Agreement and the  enforceability  of the
            terms and conditions hereof shall be the date upon which the Company
            effects  the  initial  closing  under  its  currently   contemplated
            financing of at least  $1,500,000 of common stock and warrants (such
            date referred to herein as the "Effective Date").

      2.    The Company hereby retains Manager and Manager agrees to provide the
            Company with management  services (the "Management  Services") under
            and subject to all of the terms, conditions and provisions hereof.

      3.    The  Management   Services  shall  consist  of  certain   management
            services,  including,  without limitation the sourcing,  structuring
            and  negotiation  of a potential  business  combination  transaction
            involving the Company.

      4.    The Manager shall provide such Management  Services  pursuant to the
            terms and conditions hereof. The Manager will provide the Management
            Services  hereunder  with the same care and diligence  that it would
            exercise in the performance of such services for its own operations.

      5.    As compensation  for the Management  Services  provided  pursuant to
            this  Agreement,  the  Company  agrees to pay the Manager a fee (the
            "Management Fee") of $90,000 per quarter,  plus reimbursement of all
            expenses  reasonably  incurred by the Manager in connection with the
            provision of the  Management  Services.  The Management Fee shall be
            payable in advance at the beginning of each quarter.

      6.    It is  expressly  understood  by all parties  hereto that during the
            term hereof,  the Manager will diligently  devote such time and best
            efforts  as  is  reasonably  required  in  the  performance  of  the
            Management   Services  and  will  perform  the  Management  Services
            conscientiously,  efficiently and to the best of its ability. Except
            as  otherwise  set  forth  herein  or in other  agreements  with the
            Company,  nothing contained in this Agreement shall preclude Manager
            from engaging in other business activities.

<PAGE>

      7.    Subject to Section 7 below, the term of this Agreement will commence
            on the  Effective  Date and will  continue  for a period of five (5)
            years (the "Term").

      8.    (a) The parties  hereto may terminate  this Agreement at any time by
            mutual written agreement.

            (b) The Company may terminate this Agreement  effective  immediately
            by (i) giving written  notice of  termination  to Manager,  and (ii)
            concurrently  therewith,  making  payment  of a  termination  fee of
            $1,000,000 to Manager.

            (c) Either party may terminate this Agreement effective  immediately
            by giving  written  notice of  termination to the other party hereto
            only in the  event  that  such  other  party  shall  default  in any
            material  respect  in the  performance  of any  duty  or  obligation
            imposed upon it by this Agreement

            (d) Upon the  termination of this  Agreement in accordance  with the
            terms hereof,  except as set forth in this Agreement,  neither party
            hereto shall have any further  obligation  or liability to the other
            party  hereunder.  The following  provision of this Agreement  shall
            survive such  termination or expiration of this Agreement,  Sections
            7(d), 9, 10, 11, 12, 13 and 17. Upon  termination  of this Agreement
            for any  reason,  the  Manager  shall  deliver  to the  Company  all
            records, contracts,  agreements and other papers, documents or other
            materials  which  pertain to the Company's  business and  activities
            associated therewith.

      9.    This Agreement may not be assigned by the Manager  without the prior
            written approval of the Company.

      10.   The  Manager  shall not have or claim at any time,  by virtue of its
            performance  hereunder,  any right,  title or  interest in any trade
            name,  trademark,  copyright  or  other  similar  rights  or in  any
            property or other tangible or intangible assets of any type owned by
            the Company and shall not have or claim at any time any right, title
            or  interest  in any  other  material,  matter  or asset of any sort
            prepared for or used in connection  with the  Company's  business or
            promotion.

      11.   The Manager  expressly agrees that all books and records relating in
            any manner whatsoever to the Company's business and all other files,
            books and records and other material owned by the Company or used by
            it in connection with the conduct of its business,  whether prepared
            by Manager's personnel,  contract employees or otherwise coming into
            Manager's possession (collectively,  the "Proprietary Information"),
            shall be the  exclusive  property of the Company,  regardless of who
            actually  prepared the Proprietary  Information.  All such books and
            records and other  materials  shall be returned  immediately  to the
            Company upon termination of Manager's  services.  The Manager agrees
            that it shall not disclose,  transfer, use, copy, or allow access to
            any such  Proprietary  Information  to any employees or to any third
            parties,  except for those who have a need to know such  Proprietary
            Information  in  order  to  accomplish  the   requirements  of  this
            Agreement  and  who  are  bound  by   contractual   obligations   of
            confidentiality  and  limitation of use sufficient to give effect to
            this  Section 10. In no event shall the  Manager  disclose  any such
            Proprietary Information to any competitors of the Company.

                                       2
<PAGE>

      12.   (a) The Company  shall  indemnify  and hold harmless the Manager and
            its officers,  directors,  stockholders  and  employees  against all
            third  person  claims,  liabilities,   losses,  costs  and  expenses
            (including  reasonable  legal and  accounting  fees)  whether or not
            covered  by  insurance,  caused or  asserted  to have  been  caused,
            directly  or  indirectly,  by or as a  result  of (i)  any  acts  or
            omissions of the Company and its  employees or (ii) any breach of or
            failure to  perform  any  obligation  under  this  Agreement  by the
            Company and/or its agents,  employees and/or  subcontractors  (other
            than the  Manager),  except to the  extent  caused by the bad faith,
            gross negligence, willful misconduct or fraud of the Manager.

            (b) The Manager  shall  indemnify  and hold harmless the Company and
            its officers,  directors,  partners and employees  against all third
            person claims,  liabilities,  losses,  costs and expenses (including
            reasonable  legal and  accounting  fees)  whether or not  covered by
            insurance,  caused or  asserted  to have been  caused,  directly  or
            indirectly,  by or as a result of (i) any acts or  omissions  of the
            Manager  and its  employees  or (ii) any  breach  of or  failure  to
            perform any  obligation  under this  Agreement by the Manager and/or
            its agents,  employees and/or  subcontractors,  except to the extent
            caused by the bad faith,  gross  negligence,  willful  misconduct or
            fraud of the Company.

      13.   Any notice required or permitted to be given under this Agreement by
            one  party  hereto  to the other  shall be in  writing  and shall be
            deemed to have been given as of the second  business  day  following
            the date of 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 as follows:

                  To the Manager:           TRINAD MANAGEMENT, LLC
                                            2121 Avenue of the Stars, Suite 1650
                                            Los Angeles, CA 90067
                                            Attention:  Robert Ellin

                                       3
<PAGE>

                  To the Company:           MEDIAVEST, INC.
                                            2121 Avenue of the Stars, Suite 1650
                                            Los Angeles, CA 90067
                                            Attention:  Jay Wolf

            or such other addresses as the respective  parties may in writing to
            the other designate.

      14.   If a proceeding is brought for the enforcement of this Agreement, or
            because of an alleged dispute,  breach, default or misrepresentation
            in  connection  with any of the  provisions of this  Agreement,  the
            successful  or  prevailing  party or parties  shall be  entitled  to
            recover  reasonable  attorneys'  fees and other  costs  incurred  in
            connection with that action or proceeding,  in addition to any other
            relief to which such party or parties may be entitled.

      15.   The parties hereto agree that this Agreement  constitutes the entire
            and  exclusive  agreement  between  them  pertaining  to the subject
            matter contained herein, and supersedes all prior or contemporaneous
            agreement oral or written, conditions,  representation,  warranties,
            proposals  and  understandings  of the  parties  pertaining  to such
            subject matter.

      16.   The  provisions  of this  Agreement  inure to the benefit of and are
            binding  on the  successor  and  assigns  of  the  Company  and  the
            successor and assigns of Manager.

      17.   Should any  paragraph or  provision of this  Agreement be held to be
            void,  invalid  or  inoperative,  it  shall  not  affect  any  other
            paragraph or provision  herein,  and the remainder of this Agreement
            shall be  effective  as though  such void,  invalid  or  inoperative
            paragraph or provision had not been contained herein.

      18.   This  Agreement  shall be  governed  by the laws of the State of New
            York.

                            [Signature Page Follows]

                                       4
<PAGE>

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

TRINAD MANAGEMENT, LLC

By:
   ------------------------
Name:
Title:

MEDIAVEST, INC.

By:
   ------------------------
Name:
Title:

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