Document:

Exhibit
10.4

    

    POST PRODUCTION SERVICES
AGREEMENT

    

    This Post
Production Services Agreement (the “Agreement”) entered into this 27th day of
August 2010 between Empire Post Media, Inc. (the “Contractor”), and 33 Ocean Ave
Films (the “Customer”).

    

    WHEREAS, Customer is developing and
preparing for production a television series currently titled “Based on a True
Story”, consisting of thirteen (13) one hour episodes, for delivery to the cable
television market (the “Episodes”), and

    

    WHEREAS, Contractor is in the business
of providing post production work for television programs, and

    

    WHEREAS, the Customer and Contractor
desire to enter into an agreement whereby the Contractor will perform post
production services for the Customers’ Episodes.

    

    IT IS THEREFORE AGREED:

    

    
      	
               
      

            	
              1.

            	
              The
      Project.  The project consists of thirteen (13) one hour
      episodes for delivery to the cable television market.  The
      episodes will be a combination of live action and drama or dramatic
      re-enactment and will involve production elements that are shot both on
      location and on sound stages, including "green screen" effects shots,
      computer animation and visual effects.  Customer shall have
      total responsibility for creation and production of all production
      elements, including but not limited to those described above, and
      undertakes to deliver such elements to Contractor in a High Definition
      Digital format.  Customer intends to commence delivery of such
      elements no later than January 17,
2011.

            

    

    

    
      	
               
      

            	
              2.

            	
              Post Production
      Services.  Contractor agrees to perform post production
      services for the Episodes, including  editing, creation and
      rendering of effects, digital compositing, sound effects, sound mix, color
      correction and mastering and deliverable outputs of the finished episodes,
      all of which is described in more detail, along with Contractor's rates,
      in Exhibit A attached hereto and made a part hereof (the
      “Services”).  Music will be provided by Customer in a “ready to
      mix” format.  Any variances, including added work or overages,
      will be mutually agreed upon between the parties before such work is
      undertaken.

            

    

    

    
      	
               
      

            	
              3.

            	
              Consideration.  Contractor
      agrees to provide the Services and Customer agrees to pay for the Services
      at the rates set forth on Exhibit A attached hereto and made a part
      hereof, for a total consideration of
$1,690,000.

            

    

    

    
      	
               
      

            	
              4.

            	
              Further Terms and
      Conditions.  The parties hereto, agree that all Services
      and payment for Services shall be governed by the Contractor’s Standard
      Terms and Conditions set forth in Exhibit B attached hereto and made a
      part hereof.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              5.

            	
              Notices.  Any
      notice or other communications required or permitted under this Agreement
      shall be in writing and may be delivered , personally, by facsimile, or by
      prepaid registered mail addressed to the addresses set forth below, or to
      such other address as the addressee may have specified by notice under
      this provision.  Any such notice or other communication, if
      delivered or mailed, shall be deemed to have been given when received, and
      if by facsimile, shall be deemed to have been given when the appropriate
      transmission report acknowledging receipt is received by the
      sender.  All notices shall be sent to the parties as
      follows:

            

    

    

    
      
        
          
            	
                    If to Contractor:

                  	
                    If to Customer:

                  
	
                    Peter
      Dunn, President

                  	
                    Ellen
      Fontana

                  
	
                    Empire
      Post Media, Inc.

                  	
                    33
      Ocean Ave Films

                  
	
                    280
      South Beverly Drive, Ste. 205

                  	
                    3058
      Olive Avenue

                  
	
                    Beverly
      Hills, CA 90212

                  	
                    Altadena,
      CA 91001

                  
	
                    Fax
      No. (310) 472-5138

                  	
                    Fax
      No.
_______________

                  

          

        

      

    

    

    Courtesy copy
to:

    William
B. Barnett

    Law
Offices of William B. Barnett

    21550
Oxnard Street, Suite 200

    Woodland
Hills, CA 91367

    Fax No.
(818) 999-2269

    

    IN WITNESS WHEREOF,
the parties hereto have executed this Post Production Services Agreement as of
the date first set forth above.

    

    
      
        
          
            	
                    Contractor:

                  	 	
                    Customer:

                  
	 	 	 
	
                    EMPIRE
      POST MEDIA, INC.

                  	 	
                    33
      OCEAN AVE FILMS

                  
	 
      	 	 
      
	
                    By: 

                  	
                    /s/ Peter Dunn

                  	 	
                    By: 

                  	
                    /s/ Ellen Fontana

                  
	 
      	
                    Peter
      Dunn, President

                  	 	 
      	
                    Ellen
      Fontana10b5-1 Issuer Repurchase
Instructions

    

    Issuer
Securities Repurchase Instructions, dated September 10, 2010 (the
“Instructions”), between Nathan’s Famous, Inc. (the “Issuer”) and Mutual
Securities, Inc. (the “Broker”).

    

    WHEREAS, Issuer has previously publicly announced Securities Repurchase Programs (the
“Programs”) for the repurchase of up to one million (1,000,000) shares of its common
stock, par value $0.01 per share (the “Common Stock”);

    

    WHEREAS, pursuant to the
Programs, seven hundred fifty-nine thousand two hundred sixty (759,260) shares
of Common Stock remain available for repurchase.

    

    WHEREAS, as part of the Programs for the repurchase of its Common Stock, Issuer desires to implement the
instructions set forth herein (the
“Instructions”); and

    

    WHEREAS, Issuer desires to
appoint Broker as its single broker to repurchase shares of Common Stock on its
behalf in accordance with these Instructions and the Program;

    

    NOW, THEREFORE, the Issuer and
Broker hereby agree as follows:

    

    1.           Trading
Requirements

    

    (a)           Broker
shall effect a repurchase (each a “Purchase”) of shares of Common Stock on each
day on which the Nasdaq Global Market (“Nasdaq”) is open for trading at a price
not in excess of the price per share limitations set forth in Exhibit A to this
Agreement.

    

    (b)           Broker
shall purchase shares of Common Stock on the open Nasdaq market or in block
purchases, subject to the (i) price per share and volume limitations set forth
in Exhibit A to this Agreement, (ii) the termination provisions for these
Instructions as set forth in Section 2 below, and (iii) any other limitation as
set forth in these Instructions.

    

    2.           Effective
Date/Termination.  The Instructions shall become effective as
of September 20, 2010, and shall terminate upon the earlier of:

    

    (a)           September 19, 2011;

    

    (b)           such
time as the aggregate purchase price for all shares of Common Stock purchased
under these Instructions equals Four Million Eight Hundred Thousand Dollars
($4,800,000.00), including without limitation all applicable fees, costs and
expenses;

    

    (c)           the
receipt of written notice from the Issuer requesting the termination of the
Instructions; provided that Issuer may request termination under this
subsection 2(c) whenever a failure to do so would cause or contribute to,
or allow or contribute to the continuation of, a breach of a covenant or
obligation of Issuer in connection with any obligation other than those arising
solely under these Instructions; or

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    (d)          any
time any trade contemplated hereunder shall result in a violation of, or adverse
consequences under, applicable securities laws.

    

    3.           Representations
and Warranties.

    

    (a)          Issuer
represents and warrants that the Purchase of Common Stock pursuant to these
Instructions has been duly authorized by the Issuer and is consistent with the
Issuer’s Program.

    

    (b)          Issuer
understands that Broker may not be able to effect a Purchase due to a market
disruption or a legal, regulatory or contractual restriction applicable to the
Broker, in contrast with an exercise of discretion by Broker.  If any
Purchase cannot be executed due to a market disruption, a legal, regulatory or
contractual restriction applicable to the Broker or any other event, Broker
shall effect such Purchase as promptly as practical after the cessation or
termination of such market disruption, applicable restriction or other
event.

    

    (c)          Issuer
represents and warrants that it is not aware of material, nonpublic information
and is entering into these Instructions in good faith and not as part of a plan
or scheme to evade the prohibitions of Rule 10b5-1 under the Exchange
Act.

    

    (d)          Issuer
agrees that it shall not, directly or indirectly, communicate any information
relating to the Common Stock or the Issuer to any employee of Broker or its
affiliates who is involved, directly or indirectly, in executing these
Instructions at any time while these Instructions are in
effect.  Issuer acknowledges and agrees that it does not have, and
shall not attempt to exercise, any influence over how, when or whether to effect
purchases of Common Stock pursuant to these Instructions.

    

    (e)          Broker
agrees to notify Issuer by telephone and email, at the following number and
e-mail address, of a Purchase pursuant to these Instructions within
24 hours of any such purchase:

    

    Nathan’s
Famous, Inc.

    Ronald G.
DeVos

    516-338-8500

    Email
Address:  redevos@nathansfamous.com

    

    (f)          Broker
agrees to make appropriate arrangements with the Issuer and its transfer agent
to arrange for the delivery of the shares of Common Stock purchased pursuant to
these Instructions.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    4.           Compliance
with the Securities Laws.

    

    It is the
intent of the parties that these Instructions comply with the requirements of
Rule 10b5-1(c)(1)(i)(B) and (c)(2) under the Exchange Act, and these
Instructions shall be interpreted to comply with the requirements of
Rule 10b5-1(c).

    

    5.           Confidentiality.  “Confidential
Information” means these Instructions and all information disclosed by the
Issuer to the Broker, in writing, orally or by inspection of tangible
media.  Confidential Information shall not include any information
which (a) was publicly known prior to the time of disclosure;
(b) becomes publicly known after disclosure by the Issuer through no
wrongful action or omission of the Broker; (c) is obtained by the Broker
from a third party without breach of such third party’s obligations of
confidentiality; or (d) is independently developed by the Broker without
access to the Issuer’s Confidential Information.  Broker agrees
(i) not to use or disclose to any third party Confidential Information for
any purpose other than as contemplated by these Instructions, and (ii) to
use reasonable efforts to protect the secrecy of and avoid unauthorized use and
disclosure of the Confidential Information, including without limitation, using
at least the same degree of care it uses to protect its own confidential
information.  Notwithstanding the foregoing, Broker may use or
disclose Confidential Information to the extent necessary to exercise its rights
or fulfill its obligations hereunder, and/or to comply with applicable
governmental regulations; provided that if Broker is required by law to make any
public disclosure of Confidential Information to the extent it may legally do
so, it will give reasonable advance notice to the Issuer of such disclosure and
will use its reasonable efforts to secure confidential treatment of Confidential
Information prior to its disclosure.

    

    6.           Modification.  These
Instructions may be modified by Issuer provided such modification (i) is in
writing; (ii) is made in good faith and not as a part of a plan or scheme
to evade prohibitions of Rule 10b-5; and (iii)  is in accordance with
the terms of the Program.

    

    7.           Governing
Law.  These Instructions shall be governed by and constructed
in accordance with the laws of the State of New York.

    

    [SIGNATURE
PAGE FOLLOWS]

    
      
         

      

      
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    IN WITNESS
WHEREOF,  the undersigned have signed these Instructions as of
the date first written above.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	 
      	
                                  Nathan’s
      Famous, Inc.

                                
	 
      	 
      
	 
      	
                                  By:

                                	      
                                  /s/
      Eric Gatoff

                                
	 
      	 
      	 
      	
                                  Name:

                                	
                                  Eric
      Gatoff

                                
	 
      	 
      	 
      	
                                  Title:

                                	
                                  Chief
      Executive Officer

                                
	 
      	 
      
	 
      	
                                  Mutual
      Securities, Inc.

                                
	 
      	 
      
	 
      	
                                  By:

                                	/s/
      Julie Cohen
	 
      	 
      	 
      	
                                  Name:

                                	Julie
      Cohen
	 
      	 
      	 
      	
                                  Title:

                                	      
                                  Chief
      Compliance
Officer

                                

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
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