Document:

Exhibit
      E

     

    FORM
      OF WORKING CAPITAL RECONCILIATION AGREEMENT

    

    This
      WORKING CAPITAL RECONCILIATION AGREEMENT (this “Agreement”),
      dated
      as of [_________], 2007, is by and among DG FastChannel, Inc., a Delaware
      corporation (the “Purchaser”),
      POINT.360, a California corporation (the “Company”),
      and
      New 360, a California corporation and a wholly-owned subsidiary of the Company
      (the “PPB
      Sub”).
      All
      capitalized terms used herein and not defined herein shall have the meanings
      assigned to such terms in the Merger Agreement (as defined below).

    

    WHEREAS,
      the parties hereto have entered into that certain Agreement and Plan of Merger
      and Reorganization, dated as of April 16, 2007 (as amended or supplemented,
      the
“Merger
      Agreement”),
      pursuant to which, among other things, the Purchaser shall acquire the ADS
      Business of the Company; 

     

    WHEREAS,
      the parties hereto have entered into that certain Contribution Agreement, dated
      as of April 16, 2007 (as amended or supplemented, the “Contribution
      Agreement”),
      pursuant to which, among other things, the PPB Sub acquired the non-ADS Business
      of the Company;

    

    WHEREAS,
      upon the consummation of the transactions contemplated by the Merger Agreement,
      the Purchaser shall become the successor-in-interest to the Company under the
      Contribution Agreement; and

    

    WHEREAS,
      as a condition of consummating the transactions contemplated by the Merger
      Agreement on the Acceptance Date, the parties hereto are executing this
      Agreement.

    

    NOW,
      THEREFORE, in consideration of the mutual covenants and promises contained
      in
      this Agreement and in the Merger Agreement and for other good and valuable
      consideration, the receipt and adequacy of which are hereby acknowledged, the
      parties to this Agreement hereby agree as follows:

    

    SECTION
      1.  POST-CONTRIBUTION
      WORKING CAPITAL ADJUSTMENT

     

    (a)  Estimated
      Acceptance Date Net Working Capital.

     

    (i)  Within
      ten (10) business days prior to the Acceptance Date, and in no event less than
      three (3) business days before the Acceptance Date, the Company shall deliver
      to
      the Purchaser a certificate signed by the chief financial officer of the Company
      setting forth the Company’s reasonable best estimate, based on the standards of
      preparation of the December 31, 2006 audited pro forma balance sheet of the
      ADS
      Business of the Company (the “December
      31, 2006 Balance Sheet”)
      (including with respect to reserves) and after consulting with the chief
      financial officer of the Purchaser, of the Acceptance Date Net Working Capital
      (the “Estimated
      Acceptance Date Net Working Capital”).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (ii)  The
      “Estimated
      Adjustment Amount”
shall
      mean an amount equal to (x) the Estimated Acceptance Date Net Working Capital
      minus
      (y)
      $1,000,000.

     

    (iii)  Within
      seven (7) days after the Acceptance Date, the Purchaser shall pay to the PPB
      Sub, by wire transfer of immediately available funds to an account specified
      in
      writing by the PPB Sub, an amount (the “Prepayment
      Amount”)
      in
      cash equal to the product obtained by multiplying (x) forty percent (40%) by
      (y)
      the Estimated Adjustment Amount.

     

    (iv)  The
      “Reserve
      Amount”
shall
      mean an amount equal to (x) the Estimated Adjustment Amount minus
      (y) the
      Prepayment Amount.

     

    (b)  Final
      Acceptance Date Net Working Capital.

     

    (i)  On
      or
      before the date that is thirty (30) days following the Acceptance Date, the
      Purchaser shall, after consulting with the chief financial officer of the PPB
      Sub, prepare and deliver to the PPB Sub (i) a balance sheet of the ADS Business
      of the Company as of immediately following the consummation of the Contribution
      on the Acceptance Date (the “ADS
      Business Balance Sheet”)
      and
      (ii) a calculation of the Acceptance Date Net Working Capital based on the
      ADS
      Business Balance Sheet and the definition of Acceptance Date Net Working Capital
      set forth in Section
      1(c).
      The ADS
      Business Balance Sheet shall be prepared in accordance with GAAP in a manner
      consistent with the preparation of the December 31, 2006 Balance Sheet
      (including with respect to reserves), using the significant
      accounting principles and policies of the Company (to the extent not
      inconsistent with GAAP, except as contemplated by the definition of Acceptance
      Date Net Working Capital), and shall fairly present the financial position
      of
      the ADS Business of the Company as of immediately following the consummation
      of
      the Contribution, without giving effect to the changes to the balance sheet
      as a
      result of the Offer and the Merger.

     

    (ii)  Upon
      delivery of the ADS Business Balance Sheet, to the extent necessary the
      Purchaser shall cause the Company to provide the PPB Sub with access to the
      books and records of the Company to the extent related to its evaluation of
      the
      ADS Business Balance Sheet and the calculation of the Acceptance Date Net
      Working Capital. The PPB Sub may dispute the calculation of the Acceptance
      Date
      Net Working Capital or any element of the ADS Business Balance Sheet relevant
      to
      the calculation of the Acceptance Date Net Working Capital by notifying the
      Purchaser of such disagreement in writing, setting forth in reasonable detail
      the particulars of such disagreement, within thirty (30) days after its receipt
      of the ADS Business Balance Sheet; provided
      that the
      basis of any such dispute shall be limited to the failure of the Acceptance
      Date
      Net Working Capital to have been determined in accordance with the standards
      set
      forth in Section 1(a)
      and the
      definition of Acceptance Date Net Working Capital. In the event that the PPB
      Sub
      does not provide such a notice of disagreement within such thirty (30) day
      period, it shall be deemed to have accepted the accuracy of such ADS Business
      Balance Sheet and the calculations underlying such Acceptance Balance Sheet,
      which shall be final, binding and conclusive for all purposes hereunder. In
      the
      event any such notice of disagreement is timely provided, the Purchaser and
      the
      PPB Sub shall use their commercially reasonable efforts for a period of thirty
      (30) days (or such longer period as they may mutually agree) to resolve any
      disagreements with respect to the calculation of the Acceptance Date Net Working
      Capital. If the Purchaser and the PPB Sub are unable to resolve such
      disagreements then, at any time thereafter, either the PPB Sub or the Purchaser
      may require that an independent accounting firm of recognized national standing
      mutually selected by the Purchaser and the PPB Sub (the “Auditor”)
      shall
      resolve any remaining disagreements. The Auditor shall determine as promptly
      as
      practicable whether the ADS Business Balance Sheet was prepared in accordance
      with the standards set forth in Section 1(a)
      and
      (only with respect to the remaining disagreements submitted to the Auditor)
      whether and to what extent (if any) the Acceptance Date Net Working Capital
      requires adjustment. The fees and expenses of the Auditor shall be shared
      equally by the Purchaser and the PPB Sub. The determination of the Auditor
      shall
      be final, conclusive and binding on the parties. The Acceptance Date Net Working
      Capital as finally determined in accordance with this Section 1(b)
      is
      hereinafter referred as to the “Final
      Acceptance Date Net Working Capital.”
The
      date on which the Final Acceptance Date Net Working Capital is determined is
      hereinafter referred as to the “Determination
      Date.”

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (iii)  The
      “Final
      Adjustment Amount,”
which
      may be positive or negative, shall mean an amount equal to (x) the Final
      Acceptance Date Net Working Capital minus
      (y) the
      Estimated Acceptance Date Net Working Capital.

     

    (iv)  If
      the
      Final Adjustment Amount is a positive number (such amount, the “Increase
      Amount”)
      then,
      within five (5) business days after the Determination Date, the Purchaser shall
      pay to the PPB Sub, by wire transfer of immediately available funds to an
      account specified in writing by the PPB Sub, an amount in cash equal to the
      sum
      of (x) the Increase Amount and (y) the Reserve Amount. If the Final Adjustment
      Amount is a negative number (the absolute value of such amount, the
“Deficit
      Amount”),
      then
      within five (5) business days after the Determination Date, the Purchaser shall
      pay to the PPB Sub, by wire transfer of immediately available funds to an
      account specified in writing by the PPB Sub, an amount in cash equal to the
      excess, if any, of the Reserve Amount over the Deficit Amount.

     

    (c)  “Acceptance
      Date Net Working Capital”
means
      (i) the current assets included in the Acquired Assets as of immediately
      following the consummation of the Contribution on the Acceptance Date (including
      deposits, but excluding deferred Tax assets) minus
      (ii) the
      sum of (A) the current liabilities (other than for Taxes and the current portion
      of indebtedness under (x) that certain Standard Loan Agreement, dated March
      29,
      2006, between the Company and Bank of America, N.A. and (y) those certain
      Promissory Notes between General Electric Capital Corporation and the Company,
      dated December 30, 2005 and March 30, 2007, respectively) included in the
      Retained Liabilities as of immediately following the consummation of the
      Contribution on the Acceptance Date, in each case as reflected on the final
      ADS
      Business Balance Sheet, and (B) all current liabilities for Taxes of the Company
      and its Subsidiaries for any Pre-Acceptance Date Tax Period (as such term is
      defined in the Indemnification and Tax Matters Agreement); provided,
      however,
      that
      Acceptance Date Net Working Capital shall not take into account any Transaction
      Related Expenses, which are addressed in Section
      2.
      An
      example of the calculation of Acceptance Date Net Working Capital (based on
      the
      December 31, 2006 Balance Sheet) is attached hereto as Schedule A.

     

    
      
        
        

      

      
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    SECTION
      2.  TRANSACTION
      RELATED EXPENSES

     

    (a)  Within
      ten (10) business days prior to the Acceptance Date, and in no event less than
      three (3) business days before the Acceptance Date, the Company shall deliver
      to
      the Purchaser an itemized list in reasonable detail setting forth a description
      and the estimated amount of each of the fees, costs and expenses (“Transaction
      Related Expenses”)
      incurred by the Company or its Subsidiaries in connection with the Merger
      Agreement, the Contribution Agreement, the Offer, the Merger, the Contribution
      and the Spin-Off and indicating which Transaction Related Expenses have been
      or
      will be paid by the Company prior to the consummation of the Contribution (the
      “Paid
      Expenses”).
      

     

    (b)  After
      the
      Acceptance Date, the Purchaser shall pay all Transaction Related Expenses other
      than the Paid Expenses (the “Outstanding
      Expenses”).
      Within five (5) business days after the Acceptance Date, (i) the PPB Sub shall
      pay to the Purchaser, by a wire transfer of immediately available funds to
      an
      account specified in writing by the Purchaser, an amount in cash equal to the
      excess, if any, of the amount of Outstanding Expenses over the applicable
      amount(s) described on Schedule B to this Agreement, and (ii) the Purchaser
      shall pay to the PPB Sub, by a wire transfer of immediately available funds
      to
      an account specified in writing by the PPB Sub, an amount in cash equal to
      the
      excess, if any, of the applicable amount(s) described on Schedule B to this
      Agreement over the amount of Outstanding Expenses; provided,
      however,
      that
      the Purchaser shall not be obligated to pay to the PPB Sub any amount exceeding
      the amount of Paid Expenses.

     

    SECTION
      3.  MISCELLANEOUS

     

    (a)  Notices.
      All
      notices and other communications hereunder shall be in writing and shall be
      deemed given if delivered personally (notice deemed given upon receipt),
      telecopied (notice deemed given upon confirmation of receipt) or sent by a
      nationally recognized overnight courier service, such as Federal Express (notice
      deemed given upon receipt of proof of delivery), to the parties at the following
      addresses (or at such other address for a party as shall be specified by like
      notice):

     

     
      (i)  if
      to the
      Purchaser or the Company, to:

     

    DG
      FastChannel, Inc.

    750
      W.
      John Carpenter Freeway, Suite 700

    Irving,
      TX 75039

    Attention:
      Chief Financial Officer

    Telephone
      No.: (972) 581-2000

    Facsimile
      No.: (972) 581-2100

     

    with
      a
      copy to:

     

    Latham
      & Watkins LLP

    555
      Eleventh Street NW, Suite 1000

    Washington,
      DC 20004

    Attention:
      William P. O’Neill

    Eric
      L.
      Bernthal

    Telephone
      No.: (202) 637-2200

    Facsimile
      No.: (202) 637-2201

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    and

     

     (ii)  if
      to the
      PPB Sub, to:

     

    New
      360

    2777
      North Ontario Street

    Burbank,
      CA 91504

    Attention:
      Chief Financial Officer

    Telephone
      No.: (818) 565-1400

    Facsimile
      No.: (818) 847-2503

     

    with
      a
      copy to:

     

    Troy
      & Gould PC

    1801
      Century Park East, Suite 1600

    Los
      Angeles, CA 90067

    Attention:
      William Gould

    Telephone
      No.: (310) 780-1338

    Facsimile
      No.: (310) 201-4746

     

    (b)  Counterparts;
      Facsimile.
      This
      Agreement may be executed manually or by facsimile by the parties hereto, in
      any
      number of counterparts, each of which shall be considered one and the same
      agreement and shall become effective when a counterpart hereof shall have been
      signed by each party and delivered to the other party.

     

    (c)  Governing
      Law; Consent to Jurisdiction.
      This
      Agreement shall be governed by, and construed in accordance with, the laws
      of
      the State of California, without giving effect to conflicts of laws principles
      that would result in the application of the law of any other state.

     

    (d)  Assignment.
      This
      Agreement shall not be assigned by any party hereto (whether by operation of
      law
      or otherwise) without the prior written consent of the other party. Subject
      to
      the preceding sentence, but without relieving any party hereto of any obligation
      hereunder, this Agreement will be binding upon, inure to the benefit of and
      be
      enforceable by the parties and their respective successors and
      assigns.

     

    (e)  Amendments;
      Waiver.
      This
      Agreement may be amended or modified only by a written instrument signed by
      each
      of the parties hereto. Any party may waive any provision of this Agreement
      or
      compliance therewith; provided
      that
      such waiver is set forth in an instrument in writing signed by the party to
      be
      bound thereby. Any waiver or failure to insist on strict compliance with any
      agreement or obligation contained herein shall not operate as a waiver of,
      or
      estoppel with respect to, any subsequent or other failure.

     

    (f)  Severability.
      If any
      term or other provision of this Agreement is invalid, illegal or incapable
      of
      being enforced by rule of law or public policy, all other conditions and
      provisions of this Agreement shall nevertheless remain in full force and effect
      so long as the economic or legal substance of the transactions contemplated
      by
      the Merger Agreement are not affected in any manner adverse to any party. Upon
      such determination that any term or other provision is invalid, illegal or
      incapable of being enforced, the parties hereto shall negotiate in good faith
      to
      modify this Agreement so as to effect the original intent of the parties as
      closely as possible in an acceptable manner to the end that the transactions
      contemplated by the Merger Agreement are fulfilled to the extent
      possible.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (g)  WAIVER
      OF JURY TRIAL.
      EACH
      PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO
      A
      TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT
      OF
      OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH
      PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR
      ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH
      OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE EITHER OF
      SUCH WAIVERS, (B) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF
      SUCH WAIVERS, (C) IT MAKES SUCH WAIVERS VOLUNTARILY AND (D) IT HAS
      BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL
      WAIVERS AND CERTIFICATIONS IN THIS SECTION 3(g).

     

    [Remainder
      of this page intentionally left blank.]

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed
      by
      their respective officers thereunto duly authorized as of the date first written
      above.

    
      	 	 	 
	 	
              DG
                FASTCHANNEL, INC.

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              

              Name: Scott
                K. Ginsburg

              Title: Chairman
                of the Board and

               
                Chief Executive Officer

            

    

    
      	 	 	 
	 	 	 
	 	
              NEW
                360

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              

              Name:
                Haig S. Bagerdjian

              Title:
                Chairman, President and CEO

            

      	 	 	 
	 	 	 
	 	
              POINT.360

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              

              Name:
                Haig S. Bagerdjian

              Title:
                Chairman, President and CEO

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Schedule
      A

     

    Example
      of Acceptance Date Net Working Capital

     

    (to
      be updated)

     

    
      	
              ($
                in thousands) 

            	 	 	 
	 	 	 	 
	 	 	
              ADS
                Business 

            	 
	
              Accounts
                receivable, net 

            	 	 	
              5,264
                

            	 
	
              Inventories,
                net 

            	 	 	
              210
                

            	 
	
              Prepaid
                expenses 

            	 	 	
              11
                

            	 
	
              Deposits

            	 	 	
              210
                

            	 
	
              Total
                Current Assets 

            	 	 	
              5,695
                

            	 
	 	 	 	 	 
	
              Accounts
                payable 

            	 	 	
              1,158
                

            	 
	
              Accrued
                wages and other accrued expenses 

            	 	 	
              499
                

            	 
	
              Total
                Current Liabilities 

            	 	 	
              1,657
                

            	 
	 	 	 	 	 
	
              Current
                Tax Liabilities of the Company for Pre-Acceptance Date Tax
                Period

            	 	 	
              TBD

            	 
	 	 	  
	 
 	 
	
              Acceptance
                Date Net Working Capital 

            	 	
              $

            	
              4,038

            	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Schedule
      B

     

    Transaction
      Related Expenses to be paid by the Purchaser

     

    Up
      to
      $100,000 of the Company’s audit expenses.

    

    Up
      to
      $175,000 of the Company’s legal expenses.

    

    Up
      to
      $50,000 of the Company’s financial advisor expenses.

    

    Up
      to
      $100,000 of the Company’s other miscellaneous expenses (not to include audit,
      legal or financial advisor expenses).Exhibit
        F

       

    

    FORM
      OF INDEMNIFICATION AND TAX MATTERS AGREEMENT

    

    This
      INDEMNIFICATION AND TAX MATTERS AGREEMENT (this “Agreement”),
      dated
      as of [_________], 2007, is by and between DG FastChannel, Inc., a Delaware
      corporation (the “Purchaser”),
      and
      New 360, a California corporation (the “PPB
      Sub”).
      All
      capitalized terms used herein and not defined herein shall have the meanings
      assigned to such terms in the Merger Agreement (as defined below).

    

    WHEREAS,
      the Purchaser is a party to that certain Agreement and Plan of Merger and
      Reorganization, dated as of April 16, 2007, by and among the Purchaser,
      POINT.360, a California corporation (the “Company”),
      and
      the PPB Sub, a wholly-owned subsidiary of the Company (as amended or
      supplemented, the “Merger
      Agreement”),
      pursuant to which, among other things, the Purchaser shall acquire the ADS
      Business of the Company; 

     

    WHEREAS,
      the PPB Sub is a party to that certain Contribution Agreement, dated as of
      April
      16, 2007, by and among the PPB Sub, the Purchaser and the Company (as amended
      or
      supplemented, the “Contribution
      Agreement”),
      pursuant to which, among other things, the PPB Sub acquired the non-ADS Business
      of the Company;

    

    WHEREAS,
      upon the consummation of the transactions contemplated by the Merger Agreement,
      the Purchaser shall become the successor-in-interest to the Company under the
      Contribution Agreement; and

    

    WHEREAS,
      as a condition of consummating the transactions contemplated by the Merger
      Agreement on the Acceptance Date, the parties hereto are executing this
      Agreement.

    

    NOW,
      THEREFORE, in consideration of the mutual covenants and promises contained
      in
      this Agreement and in the Merger Agreement and for other good and valuable
      consideration, the receipt and adequacy of which are hereby acknowledged, the
      parties to this Agreement hereby agree as follows:

    

    SECTION
      1.  INDEMNIFICATION

     

    (a)  Indemnification
      by the PPB Sub.
      Subject
      to the provisions of this Agreement, from and after the Acceptance Date, the
      PPB
      Sub shall indemnify, defend and hold harmless the Purchaser and each of its
      affiliates and each of the Purchaser’s and its affiliates’ respective officers,
      directors, employees, agents and representatives (collectively, the
“Purchaser
      Indemnified Parties”)
      from
      and against any and all losses, Liabilities, damages, deficiencies, claims,
      awards, fines, penalties, judgments, Taxes, settlements, compromises, costs
      and
      expenses (including the costs of reasonable investigation and accountants’ and
      attorneys’ fees), whether or not involving any third party claims (collectively
      and individually, “Losses”),
      arising out of, resulting from or relating to (i) any of the Assumed Liabilities
      (other than Taxes) or (ii) any real property lease that would constitute an
      Excluded Asset but for the failure of the Company to obtain a third party’s
      consent to the assignment of such lease to the PPB Sub.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)  Indemnification
      by the Purchaser.
      Subject
      to the provisions of this Agreement, from and after the Acceptance Date, the
      Purchaser shall indemnify, defend and hold harmless the PPB Sub and each of
      its
      affiliates and each of the PPB Sub’s and its affiliates’ respective officers,
      directors, employees, agents and representatives (collectively, the
“PPB
      Indemnified Parties”)
      from
      and against any and all Losses arising out of, resulting from or relating to
      any
      of the Retained Liabilities (other than Taxes).

     

    (c)  Claim
      Procedure.

     

    (i)  Upon
      receipt by the party seeking indemnification (the “Indemnified
      Party”)
      from a
      third party of notice of any action, suit, proceeding, claim, demand or
      assessment against such Indemnified Party which might give rise to a claim
      for
      Losses under Section
      1(a)
      or
Section
      1(b)
      (a
“Claim
      Notice”),
      the
      Indemnified Party (or the Purchaser or the PPB Sub, as applicable, on behalf
      of
      an Indemnified Party) shall promptly give written notice thereof to the party
      from which indemnification is sought (the “Indemnifying
      Party”)
      indicating in reasonable detail the nature of such claim and the basis therefor,
      along with copies of any notice and documents related to such claim;
provided,
      however,
      that
      the failure to give such notice shall not affect the indemnification provided
      hereunder except to the extent the Indemnifying Party shall have actually been
      materially prejudiced as a result of such failure. The Indemnifying Party shall
      have the right to participate in the defense of and (subject to Section
      1(c)(ii)
      below),
      at its option, to assume the defense of, at its own expense and by its own
      counsel, any such matter in respect of which a Claim Notice has been provided
      as
      to which either (x) the Indemnifying Party shall have acknowledged its
      obligation to indemnify the Indemnified Party in respect of all Losses
      associated therewith or (y) the Indemnifying Party shall have agreed to pay
      the
      reasonable fees, costs and expenses of one separate counsel in each applicable
      jurisdiction to the Indemnified Party, who shall be entitled to participate
      in
      the defense of such matter pursuant to this Section
      1(c).
      If the
      Indemnifying Party shall, in accordance with the preceding sentence, assume
      the
      defense of any such matter, it shall promptly notify the Indemnified Party
      of
      its intention to do so, and the Indemnified Party shall, at the expense of
      the
      Indemnifying Party, agree to cooperate fully with the Indemnifying Party and
      its
      counsel in the defense of such matter; provided,
      however,
      that
      the Indemnifying Party’s counsel shall be reasonably satisfactory to the
      Indemnified Party and the Indemnifying Party shall not settle or consent to
      any
      judgment relating to any such matter without the prior written consent of the
      Indemnified Party (which consent shall not be unreasonably withheld);
provided,
      further,
      however,
      that
      the immediately preceding proviso shall not apply in the case of any settlement
      that unconditionally releases the Indemnified Party completely in connection
      with such matter and that provides relief solely of money damages borne by
      the
      Indemnifying Party.

     

    (ii)  Notwithstanding
      an election by the Indemnifying Party to assume the defense of such matter,
      such
      Indemnified Party shall have the right to employ separate counsel and to
      participate in the defense of such matter at its own expense. The Indemnifying
      Party shall bear the reasonable fees, costs and expenses of one such separate
      counsel in each applicable jurisdiction (and pay such fees, costs and expenses
      at least quarterly) if, but only if, (A) the Indemnified Party shall have
      reasonably concluded that (1) there may be a conflict of interest (including
      one
      or more legal defenses or counterclaims available to it or to other Indemnified
      Parties which are different from or additional to those available to the
      Indemnifying Party) that would make it inappropriate in the reasonable judgment
      of the Indemnified Party (after consulting in good faith with outside counsel)
      for the same counsel to represent both the Indemnified Party and the
      Indemnifying Party or (2) the claim seeks nonmonetary relief which, if granted,
      could materially and adversely affect the Indemnified Party or its affiliates
      (in which case, notwithstanding any other terms of this Agreement, the
      Indemnifying Party shall not have the right to direct the defense of such matter
      on behalf of the Indemnified Party); (B) the Indemnifying Party shall not have
      employed counsel reasonably satisfactory to such Indemnified Party to represent
      such Indemnified Party within a reasonable time after notice of the institution
      of any action or proceeding relating to such matter; or (C) the Indemnifying
      Party shall authorize such Indemnified Party to employ separate counsel at
      the
      Indemnifying Party’s expense, including pursuant to clause (i)(y) of this
Section
      1(c).
      In
      addition, the Indemnifying Party shall be liable for the fees and expenses
      of
      counsel employed by the Indemnified Party as to a matter for any period during
      which the Indemnifying Party has not assumed the defense thereof. In the event
      the Indemnifying Party does not assume control of the defense of any matter
      as
      provided above, the Indemnified Party shall have the right to undertake the
      defense, compromise and settlement of such matter; provided,
      however,
      that,
      whether or not the Indemnifying Party assumes the defense of any such matter,
      the Indemnified Party shall not admit any liability with respect to, or settle
      or consent to any judgment relating to, any such matter without the prior
      written consent of the Indemnifying Party (which consent shall not be
      unreasonably withheld). In any event, the Indemnified Party and its counsel,
      on
      the one hand, and the Indemnifying Party and its counsel, on the other hand,
      shall cooperate with each other in the defense of the matter. All out-of-pocket
      costs and expenses incurred in connection with an Indemnified Party’s
      cooperation shall be borne by the Indemnifying Party. In any event, the
      Indemnified Party shall have the right at its own expense to participate in
      the
      defense of such matter.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (iii)  Notwithstanding
      anything in this Section
      1(c)
      to the
      contrary, this Section 1(c)
      shall
      not apply, and Section
      2
      shall
      apply to the extent of any claims or other matters in connection with
      Taxes.

     

    (iv)  In
      the
      event any Indemnified Party has a claim against any Indemnifying Party under
      Section
      1(a)
      or
Section
      1(b)
      that
      does not involve a third party, the Indemnified Party (or the Purchaser or
      the
      PPB Sub, as applicable, on behalf of an Indemnified Party) shall promptly
      deliver written notice thereof to the Indemnifying Party indicating in
      reasonable detail the nature of such claim and the basis therefor, along with
      copies of any notice and documents related to such claim; provided,
      however,
      that
      the failure to give such notice shall not affect the indemnification provided
      hereunder except to the extent the Indemnifying Party shall have actually been
      materially prejudiced as a result of such failure. The Indemnifying Party shall
      notify the Indemnified Party within ten (10) business days following its receipt
      of such notice if the Indemnifying Party disputes its liability to the
      Indemnified Party under this Agreement. If the Indemnifying Party does not
      so
      notify the Indemnified Party, the claim specified by the Indemnified Party
      in
      such notice shall be conclusively deemed to be a liability of the Indemnifying
      Party under this Agreement, and the Indemnifying Party shall pay the amount
      of
      such liability to the Indemnified Party on demand or, in the case of any notice
      in which the amount of the claim (or any portion of the claim) is estimated,
      on
      such later date when the amount of such claim (or such portion of such claim)
      becomes finally determined. If the Indemnifying Party has timely disputed its
      liability with respect to such claim as provide above, the Indemnifying Party
      and the Indemnified Party shall resolve such dispute in accordance with
Section
      3(c).

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (d)  Waiver
      and Release by the PPB Sub.
      From
      and after the Acceptance Date, the PPB Sub shall not have any right of
      contribution or indemnification against the Purchaser or the Company. Effective
      as of the Acceptance Date, the PPB Sub, on behalf of itself and each of its
      past, present and future affiliates, beneficiaries and assigns (the
“PPB
      Sub Related Persons”),
      hereby releases and forever discharges the Purchaser and the Company and each
      of
      their respective past, present and future affiliates, subsidiaries,
      stockholders, successors and assigns, and their respective officers, directors,
      employees, agents and representatives (collectively, “Purchaser
      Releasees”),
      from
      any and all claims, demands, proceedings, causes of action, court orders,
      obligations, contracts, agreements (express or implied), debts and liabilities
      under or relating to the Purchaser or the Company (including any liability
      or
      obligation arising under or pursuant to any employment agreement or other
      compensation arrangement) whether known or unknown, suspected or unsuspected,
      both at law and in equity, which the PPB Sub or any of the PPB Sub Related
      Persons now has, has ever had or hereafter has against the respective Purchaser
      Releasees. Notwithstanding the foregoing, the PPB Sub does not release, and
      this
Section
      1(d)
      shall
      not be deemed to affect, any obligation of the Purchaser pursuant to this
      Agreement, the Merger Agreement, the Contribution Agreement, the Working Capital
      Reconciliation Agreement, the PPB Services Agreement or the Noncompetition
      Agreement.

     

    (e)  Waiver
      and Release by the Company.
      From
      and after the Acceptance Date, the Company shall not have any right of
      contribution or indemnification against the PPB Sub. Effective as of the
      Acceptance Date, the Company, on behalf of itself and each of its past, present
      and future affiliates, beneficiaries and assigns (the “Company
      Related Persons”),
      hereby releases and forever discharges the PPB Sub and each of its respective
      past, present and future affiliates, subsidiaries, stockholders, successors
      and
      assigns, and their respective officers, directors, employees, agents and
      representatives (collectively, “PPB
      Sub Releasees”),
      from
      any and all claims, demands, proceedings, causes of action, court orders,
      obligations, contracts, agreements (express or implied), debts and liabilities
      under or relating to the PPB Sub (including any liability or obligation arising
      under or pursuant to any employment agreement or other compensation arrangement)
      whether known or unknown, suspected or unsuspected, both at law and in equity,
      which the Company or any of the Company Related Persons now has, has ever had
      or
      hereafter has against the respective PPB Sub Releasees. Notwithstanding the
      foregoing, the Company does not release, and this Section
      1(e)
      shall
      not be deemed to affect, any obligation of the PPB Sub pursuant to this
      Agreement, the Merger Agreement, the Contribution Agreement, the Working Capital
      Reconciliation Agreement, the PPB Services Agreement or the Noncompetition
      Agreement.

     

    (f)  Exclusive
      Remedy.
      The
      rights of the Purchaser Indemnified Parties and the PPB Indemnified Parties
      to
      receive indemnification pursuant to this Agreement (i) shall apply without
      regard to, and shall not be subject to, any limitation by reason of set-off
      and
      (ii) are intended to be comprehensive and not to be limited by any requirements
      of law concerning prominence of language or waiver of any legal right under
      any
      law. Notwithstanding anything to the contrary in this Agreement, in the event
      of
      any conflict between this Section
      1
      and
Section
      2
      with
      respect to Taxes, Section
      2
      shall
      control.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    SECTION
      2.  TAX
      MATTERS

     

    (a)  Indemnification
      for Taxes.
      The
      Purchaser Indemnified Parties shall be indemnified, defended and held harmless
      by the PPB Sub from and against any and all Losses arising out of, resulting
      from or related to (i) any breach of or inaccuracy in any representation and
      warranty contained in Section 3.12 of the Merger Agreement; (ii) Taxes of any
      of
      the Company and its Subsidiaries for any Pre-Acceptance Date Tax Period; (iii)
      Taxes of any other Person imposed on any of the Company or its Subsidiaries
      for
      any Pre-Acceptance Date Tax Period, whether imposed as a result of Treasury
      Regulation Section 1.1502-6 or any provision of any foreign, state or local
      Tax
      law having similar effect, by contract or otherwise; and (iv) the failure of
      the
      Company and its Subsidiaries to comply with their obligations under this
Section
      2;
      provided,
      however,
      that no
      indemnity shall be provided under this Section
      2(a)
      for any
      Losses to the extent of any current liability for Taxes that is set forth on
      the
      ADS Business Balance Sheet (as such term is defined in the Working Capital
      Reconciliation Agreement) and taken into account in determining the Acceptance
      Date Net Working Capital (as such term is defined in the Working Capital
      Reconciliation Agreement). The amount of all indemnification obligations under
      this Agreement shall be (a) increased to take account of any net Tax cost
      actually incurred by the Purchaser Indemnified Party arising out of or in
      connection with any indemnity payments hereunder (grossed up for such increase)
      and (b) reduced to take account of any net Tax benefit actually realized by
      the
      Purchaser Indemnified Party arising from the incurrence or payment of any such
      indemnified amount. In computing the amount of any such Tax cost or Tax benefit,
      the Purchaser Indemnified Party shall be deemed to recognize all other items
      of
      income, gain, loss, deduction or credit before recognizing any item arising
      from
      the receipt of any indemnity payment hereunder or the incurrence or payment
      of
      any indemnified amount. For the purposes of this Section
      2(a),
      reference to any “Loss” of any description shall be deemed to include amounts
      that would have constituted a “Loss” but for the set-off or other utilization of
      any loss, deduction or credit realized in, or attributable to, a Post-Acceptance
      Date Tax Period.

     

    (b)  Tax
      Returns.

     

    (i)  The
      Company shall prepare or cause to be prepared, and shall file or cause to be
      filed, all Tax Returns of the Company and its Subsidiaries that are required
      to
      be filed on or before the Closing Date. Except to the extent otherwise required
      by law, such Tax Returns shall be prepared on a basis consistent with the past
      practices of such entities. The Company shall make such Tax Returns available
      to
      the Purchaser for review no less than thirty (30) days in advance of the due
      date for filing any such Tax Returns to provide the Purchaser with a meaningful
      opportunity to analyze and comment on such Tax Returns before filing. The
      Company shall make such changes and revisions to such Tax Returns as are
      reasonably requested by the Purchaser. The Company shall cause such Tax Returns
      to be timely filed (taking into account extensions granted).

     

    (ii)  The
      Purchaser shall prepare or cause to be prepared and shall file or cause to
      be
      filed all Tax Returns of the Company and its Subsidiaries for all Pre-Closing
      Tax Periods required to be filed after the Closing Date and all Straddle
      Periods. Except to the extent otherwise required by law, all such Tax Returns
      shall be prepared on a basis consistent with the past practices of such
      entities. The Purchaser shall permit the PPB Sub to review and comment on each
      material Tax Return that is prepared under this Section
      2(b)(ii)
      no less
      than thirty (30) days in advance of the extended due date for filing any such
      Tax Returns to provide the PPB Sub with a meaningful opportunity to analyze
      and
      comment on such Tax Returns before filing. The Purchaser shall make such changes
      and revisions to such Tax Returns as are reasonably requested by the PPB Sub
      to
      the extent that such revisions relate to Taxes of any Pre-Closing Tax Period
      for
      which the PPB Sub may be liable pursuant to Section
      2(a),
      except
      (i) where a contrary position is required under applicable law or (ii) to the
      extent such comments, if incorporated in any such Tax Return, could reasonably
      be expected to have a material adverse affect resulting from incorporating
      such
      comments in such Tax Return on the liability for Taxes of the Purchaser, the
      Company or any of their affiliates in any Post-Closing Tax Period. In the event
      that the Tax liability of the Company or any of its Subsidiaries in a
      Pre-Closing Tax Period reflected on a Tax Return prepared under this
Section
      2(b)(ii)
      exceeds
      the reserve for such Tax liability reflected on the ADS Business Balance Sheet
      and taken into account in the calculation of Acceptance Date Net Working
      Capital, the Purchaser shall notify the PPB Sub of such excess and the PPB
      Sub
      shall promptly (but in any event within three (3) Business Days of the
      Purchaser’s request) pay to the Purchaser an amount equal to such
      excess.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (c)  Straddle
      Periods.
      For
      purposes of this Agreement, in the case of any Taxes that are payable for a
      Straddle Period, the portion of such Taxes that relate to the Pre-Acceptance
      Tax
      Period (i) in the case of any property or ad valorem Taxes, shall be deemed
      to
      be the amount of such Taxes for the entire Tax period multiplied
      by
      a
      fraction the numerator of which is the number of days in the Tax period ending
      on the Acceptance Date and the denominator of which is the number of days in
      the
      entire Tax period, and (ii) in the case of all other Taxes, shall be deemed
      equal to the amount which would be payable as computed on a
“closing-of-the-books” basis as if the relevant Straddle Period ended on the
      close of business on the Acceptance Date. 

     

    (d)  Tax
      Contests.
      The
      Purchaser shall promptly notify the PPB Sub in writing upon receipt by the
      Purchaser, the Company or any of their affiliates of a written notice of any
      pending or threatened Tax audits or assessments of the Company in which there
      are issues as to which the PPB Sub may have liability pursuant to Section
      2.1(a)
      of this
      Agreement (such issues, “Tax
      Contest Claims”);
      provided,
      however,
      that no
      failure or delay by the Purchaser to provide notice of any Tax Contest Claim
      shall reduce or otherwise affect the obligation of the PPB Sub hereunder except
      to the extent the PPB Sub is actually prejudiced thereby. The Purchaser and
      the
      PPB Sub shall cooperate with each other in the conduct of any Tax Contest Claim.
      The PPB Sub shall have the right to control the conduct of any Tax Contest
      Claim
      if the PPB Sub agrees in writing that the PPB Sub is liable for the full amount
      of the Taxes payable with respect to such Tax Contest Claim (any such claim,
      a
“Company
      Tax Contest Claim”);
      provided
      that:
      (i) the PPB Sub shall keep the Purchaser informed regarding the progress and
      substantive aspects of any Company Tax Contest Claim, including providing the
      Purchaser with all written materials relating to such Tax proceeding received
      from the relevant Governmental Entity; (ii) the Purchaser shall be entitled
      to
      participate in any Company Tax Contest Claim, including having an opportunity
      to
      comment on any written materials prepared in connection with any Company Tax
      Contest Claim and attending any conferences relating to any Company Tax Contest
      Claim; and (iii) the PPB Sub shall not compromise or settle any Company Tax
      Contest Claim, without obtaining the Purchaser’s prior written consent, which
      consent shall not be unreasonably withheld.
      The
      Purchaser shall control all other audit, examination or administrative or
      judicial proceedings in respect of Taxes.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    (e)  Tax
      Matters Cooperation.
      Each of
      the parties to this Agreement shall cooperate in both (i) the preparation of
      all
      Tax Returns for any Tax periods for which one party could reasonably require
      the
      assistance of the other party in obtaining any necessary information and (ii)
      any subsequent audits, claims, contests, litigation or other proceedings with
      respect to Taxes of any of the Company or its Subsidiaries (collectively,
“Tax
      Proceedings”).
      Such
      cooperation shall include, but not be limited to, furnishing prior years’ Tax
      Returns or return preparation packages to the extent related to illustrating
      previous reporting practices or containing historical information relevant
      to
      the preparation of such Tax Returns, and furnishing such other information
      within such party’s possession requested by the party filing such Tax Returns or
      participating in Tax Proceedings, as is relevant to the preparation of such
      Tax
      Returns or the conduct of such Tax Proceedings, respectively. Such cooperation
      and information also shall include without limitation provision of powers of
      attorney for the purpose of signing Tax Returns and defending audits and
      promptly forwarding copies of appropriate notices and forms or other
      communications received from or sent to any applicable governmental authority
      which relate to any of the parties to this Agreement, and providing copies
      of
      all relevant Tax Returns to the extent related to any of the parties to this
      Agreement, together with accompanying schedules and related work papers,
      documents relating to rulings or other determinations by any governmental
      authority and records concerning the ownership and tax basis of property, which
      the requested party may possess. The parties and their respective affiliates
      shall make their respective employees and facilities available on a mutually
      convenient basis to explain any documents or information provided
      hereunder.

     

    (f)  Successor
      Employer Status.
      The
      Company and the PPB Sub shall, to the extent permitted by law, (i) treat the
      PPB
      Sub and its affiliates (as applicable) as a “successor employer” and the Company
      and its affiliates (as applicable) as a “predecessor,” within the meaning of
      Sections 3121(a)(1) and 3306(b)(1) of the Code, with respect to employees of
      the
      PPB Business that were employed by the Company and its affiliates prior to
      the
      Spin-Off for purposes of Taxes imposed under the United States Federal
      Unemployment Tax Act or the United States Federal Insurance Contributions Act
      and (ii) cooperate with each other to avoid the filing of more than one IRS
      Form
      W-2 with respect to each such employee for the calendar year in which the
      Spin-Off occurs.

     

    (g)  Other
      Tax Matters.

     

    (i)  For
      purposes of this Agreement, (A) the term “Pre-Acceptance
      Date Tax Period”
refers
      to any taxable period that ends on or before the Acceptance Date and the portion
      of any Straddle Period that ends on the close of business on the Acceptance
      Date; (B) the term “Post-Acceptance
      Date Tax Period”
refers
      to any taxable period that begins after the Acceptance Date and that portion
      of
      any Straddle Period that begins on the day after the Acceptance Date; and (C)
      the term “Straddle
      Period”
means
      any taxable period that begins on or before, and ends after, the Acceptance
      Date.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (ii)  For
      purposes of this Section
      2,
      references to any of the Purchaser, the Company, and any of their
      affiliates
      shall include successors.

     

    (iii)  The
      covenants and agreements of the parties contained in this Section
      2
      shall
      survive the Acceptance Date and shall remain in full force and effect until
      such
      covenant or agreement is fully performed.

     

    (iv)  In
      the
      event of any conflict between this Section
      2
      and the
      Merger Agreement, this Section
      2
      shall
      control.

     

    SECTION
      3.  MISCELLANEOUS

     

    (a)  Notices.
      All
      notices and other communications hereunder shall be in writing and shall be
      deemed given if delivered personally (notice deemed given upon receipt),
      telecopied (notice deemed given upon confirmation of receipt) or sent by a
      nationally recognized overnight courier service, such as Federal Express (notice
      deemed given upon receipt of proof of delivery), to the parties at the following
      addresses (or at such other address for a party as shall be specified by like
      notice):

     

    (a)  if
      to the
      Purchaser, to:

     

    DG
      FastChannel, Inc.

    750
      W.
      John Carpenter Freeway, Suite 700

    Irving,
      TX 75039

    Attention:
      Chief Financial Officer

    Telephone
      No.: (972) 581-2000

    Facsimile
      No.: (972) 581-2100

     

    with
      a
      copy to:

     

    Latham
      & Watkins LLP

    555
      Eleventh Street NW, Suite 1000

    Washington,
      DC 20004

    Attention:
      William P. O’Neill

    Eric
      L.
      Bernthal

    Telephone
      No.: (202) 637-2200

    Facsimile
      No.: (202) 637-2201

     

    and

     

    (b)  if
      to the
      PPB Sub, to:

     

    New
      360

    2777
      North Ontario Street

    Burbank,
      CA 91504

    Attention:
      Chief Financial Officer

    Telephone
      No.: (818) 565-1400

    Facsimile
      No.: (818) 847-2503

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    with
      a
      copy to:

     

    Troy
      & Gould PC

    1801
      Century Park East, Suite 1600

    Los
      Angeles, CA 90067

    Attention:
      William Gould

    Telephone
      No.: (310) 780-1338

    Facsimile
      No.: (310) 201-4746

     

    (b)  Counterparts;
      Facsimile.
      This
      Agreement may be executed manually or by facsimile by the parties hereto, in
      any
      number of counterparts, each of which shall be considered one and the same
      agreement and shall become effective when a counterpart hereof shall have been
      signed by each party and delivered to the other party.

     

    (c)  Governing
      Law; Consent to Jurisdiction.
      This
      Agreement shall be governed by, and construed in accordance with, the laws
      of
      the State of California, without giving effect to conflicts of laws principles
      that would result in the application of the law of any other state.

     

    (d)  Assignment.
      This
      Agreement shall not be assigned by any party hereto (whether by operation of
      law
      or otherwise) without the prior written consent of the other party. Subject
      to
      the preceding sentence, but without relieving any party hereto of any obligation
      hereunder, this Agreement will be binding upon, inure to the benefit of and
      be
      enforceable by the parties and their respective successors and
      assigns.

     

    (e)  Amendments;
      Waiver.
      This
      Agreement may be amended or modified only by a written instrument signed by
      each
      of the parties hereto. Any party may waive any provision of this Agreement
      or
      compliance therewith; provided
      that
      such waiver is set forth in an instrument in writing signed by the party to
      be
      bound thereby. Any waiver or failure to insist on strict compliance with any
      agreement or obligation contained herein shall not operate as a waiver of,
      or
      estoppel with respect to, any subsequent or other failure.

     

    (f)  Severability.
      If any
      term or other provision of this Agreement is invalid, illegal or incapable
      of
      being enforced by rule of law or public policy, all other conditions and
      provisions of this Agreement shall nevertheless remain in full force and effect
      so long as the economic or legal substance of the transactions contemplated
      by
      the Merger Agreement are not affected in any manner adverse to any party. Upon
      such determination that any term or other provision is invalid, illegal or
      incapable of being enforced, the parties hereto shall negotiate in good faith
      to
      modify this Agreement so as to effect the original intent of the parties as
      closely as possible in an acceptable manner to the end that the transactions
      contemplated by the Merger Agreement are fulfilled to the extent
      possible.

     

    (g)  Transferee
      Liability.

     

    (i)  Prior
      to
      the third anniversary of the date of this Agreement, the PPB Sub agrees that
      it
      shall not sell, convey or otherwise transfer any material assets to a third
      party, in a single transaction or series of related transactions, if, at the
      time of such transaction(s) (or pro forma, after giving effect to such
      transaction(s)), the PPB Sub has Deficient Net Consolidated Assets (as defined
      below), unless, at least fifteen (15) business days prior to the closing of
      such
      transaction(s), (A) each transferee of such Assets delivers to the Purchaser
      a
      valid guaranty (in form and substance reasonably satisfactory to the Purchaser),
      executed by a duly authorized officer of such transferee, unconditionally (1)
      guaranteeing the Liabilities of the PPB Sub under this Agreement and (2)
      agreeing to cause any affiliate of such transferee to which such transferee
      sells, conveys or otherwise transfers any material assets to deliver a
      comparable guaranty as a condition precedent to such transaction; provided
      that (1)
      the PPB Sub shall remain bound in all respects by the terms of this Agreement,
      (2) the maximum liability that any such transferee will have under this
      Agreement shall be equal to the value of the assets acquired from the PPB Sub
      as
      of the date of such acquisition and (3) the guaranty delivered to the Purchaser
      shall set forth the applicable transferee’s best estimate of the value of such
      assets and (B) the PPB Sub delivers to the Purchaser a written certification,
      duly executed by the chief financial officer of the PPB Sub, as to the PPB
      Sub’s
      best estimate of the value of such assets.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    (ii)  For
      the
      purpose of this Section
      3(g),
      (A) the
      value of assets transferred to any transferee shall equal the sum of (1) the
      amount of any cash paid for such assets and (2) the value of any non-cash
      consideration, as reasonably determined by the chief financial officer of the
      PPB Sub; provided,
      however,
      that
      the Purchaser shall be entitled to determine in its reasonable judgment the
      value of such assets if the transfer is not made at arms’ length or the
      Purchaser otherwise reasonably determines that the value otherwise determined
      in
      accordance with this sentence is incorrect in any material respect, and (B)
      the
      PPB Sub shall be deemed to have “Deficient
      Net Consolidated Assets”
if
      it
      has tangible assets (exclusive of goodwill), net of all liabilities
      (“Net
      Assets”),
      equal
      to less than fifty percent (50%) of the Net Assets of the PPB Sub as of the
      Acceptance Date, based on GAAP consistent with the accounting principles and
      practices applied in the preparation of the financial statements included in
      the
      Form 10, applied on a consistent basis during the periods involved.

     

    (h)  WAIVER
      OF JURY TRIAL.
      EACH
      PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO
      A
      TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT
      OF
      OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH
      PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR
      ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH
      OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE EITHER OF
      SUCH WAIVERS, (B) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF
      SUCH WAIVERS, (C) IT MAKES SUCH WAIVERS VOLUNTARILY AND (D) IT HAS
      BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL
      WAIVERS AND CERTIFICATIONS IN THIS SECTION 3(h).

     

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    IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed
      by
      their respective officers thereunto duly authorized as of the date first written
      above.

    
      	 	 	 
	 	
              DG
                FASTCHANNEL, INC.

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              

              Name:
                 Scott
                K. Ginsburg

              Title:
                 Chairman
                of the Board and 

              
                  
                  Chief Executive Officer

              

            

    

    
      	 	 	 
	 	 	 
	 	
              NEW
                360

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              

              Name:
                Haig S. Bagerdjian

              Title:
                Chairman, President and CEO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]