Document:

EX 10.1

Exhibit 10.1

AMENDMENT NUMBER FIVE TO THE
LOWE’S COMPANIES
BENEFIT RESTORATION PLAN

THIS AMENDMENT NUMBER FIVE to the Lowe’s Companies Benefit Restoration Plan, as amended and restated effective January 1, 2008 (the “Plan”), is hereby adopted by Lowe’s Companies, Inc. (the “Company”).
W I T N E S S E T H:
WHEREAS, the Company currently maintains the Plan; and
WHEREAS, under Section 15 of the Plan, the Company may amend the Plan in whole or in part at any time;
WHEREAS, the Company desires to amend the Plan to simplify the participant experience and reflect more clearly the Plan’s operations;
NOW, THEREFORE, the Plan is hereby amended effective as of September 1, 2013 unless otherwise indicated as follows:
1.    The first paragraph in Section 3 shall be revised to read as follows:

An employee shall be eligible to participate in the Plan as of the date he is designated by the Committee for eligibility, either individually or as a member of a class of employees.  Effective for Plan Years beginning on and after January 1, 2014, until determined otherwise by the Committee, the employees who are eligible to become Participants for a given Plan Year are those employees of the Company (i) who have submitted on or before the Election Date applicable to such Plan Year an irrevocable election to participate in the 401(k) Plan during such Plan Year, and (ii) whose Base Pay as of the Election Date applicable to such Plan Year, plus target annual bonus for the fiscal year that ends during such Plan Year, exceeds the Code Section 401(a)(17) annual compensation limit for the immediately preceding Plan Year.    

2.    Except as expressly or by necessary implication amended hereby, the Plan shall continue in full force and effect.
    

IN WITNESS HEREOF, this Amendment Number Five has been executed on the date shown below, but effective as of the date specified herein.

	
					
	 
	 
	 
	 
	 

	 
	 
	LOWE'S COMPANIES, INC.
	 

	 
	 
	 
	 
	 

	 
	 
	 
	/s/ Maureen K. Ausura
	 

	 
	 
	By:
	Maureen K. Ausura
	 

	 
	 
	 
	Chief Human Resources Officer
	 

	 
	 
	 
	 
	 

	 
	 
	Date:
	August 28, 2013
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

2Exhibit 10.1

SETTLEMENT AGREEMENT AND RELEASE

In the interest
of closure and in the mutual resolution of their differences, this SETTLEMENT AGREEMENT AND RELEASE (the “Agreement”)
is made and entered into effective as of the 3rd day of September, 2013, (the “Effective Date”), by and between the
following Parties:

Cellcast UK Limited,
a company organized under the laws of England, with a Company No. 04327957, having its principal office at 35 Soho Square, London,
England W1D 3QX, and its subsidiaries and affiliates (“Cellcast UK”);

Sky Telemedia
(UK) Limited, a company organized under the laws of England, with a Company No. 03625688, having its principal office at 35 Soho
Square, London, England W1D 3QX and its subsidiaries and affiliates (“Sky Telemedia”);

Cellcast PLC,
a company organized under the laws of England, with a Company No. 05342662, having its principal office at The Registry, 34 Beckenham
Road, Beckanham, Kent, England BR3 4TU and its subsidiaries and affiliates (“Cellcast PLC”, which collectively
with Cellcast UK, and Sky Telemedia will hereafter be referred to as the “Cellcast Parties”);

EsoTV Brasil
Promoção Publicidade Licenciamento e Comércio Ltda., a limited company duly organized and existing under the
laws of Brazil, having its principal office at Rua Professor Edgard de Moraes, 534, Bairro Centro, CEP 06502-165 - Santana de Parnaíba,
São Paulo, Brazil (“EsoTV”);

Brazil Interactive
Holdings LLC, a limited liability company organized under the laws of the state of Delaware, USA, having its principal office at
151 W. Passaic Street, Rochelle Park, NJ 06772 (“BIH”);

Brazil Interactive
Media, Inc., a corporation organized under the laws of the state of Delaware, USA, having its principal office at 801 Brickell
Avenue, Suite 900, Miami, FL 33130 (“BIMI”, which collectively with EsoTV will hereafter be referred to as the
“BIMI Parties”); and

    	 

    	 

    

 

Dutchess Advisors
LLC, a limited liability corporation duly organized and existing under the laws of the state of Connecticut, USA, having its principal
office at 50 Commonwealth Avenue, Suite 2, Boston, MA 02116, and its current or former owners, principals, members, directors,
officers, employees, representatives, agents, successors or assigns, or any affiliates, subsidiaries or related entities and their
respective current or former owners, principals, members, directors, officers, employees, representatives, agents, successors or
assigns, including but not limited to Dutchess Opportunity Fund II LP, a limited partnership duly organized and existing under
the laws of the state of Delaware, USA, Dutchess Global Strategies Fund LLC, a limited liability corporation duly organized and
existing under the laws of the State of New York, USA, Michael Novielli, and Douglas Leighton (which collectively will hereafter
be referred to as “Dutchess Capital”).

The signatories
to this Agreement will hereafter be referred to as the “Parties.”

PREAMBLE

WHEREAS, prior
to the acquisition of EsoTV by BIMI, EsoTV entered into a cooperative business arrangement with the Cellcast Parties in which the
Cellcast Parties produced a television show at EsoTV’s production facilities in São Paulo, Brazil (the “Venture”);
and

WHEREAS, pursuant
to the Venture, among other things, (i) Cellcast UK was to pay for broadcast media and certain costs of production to produce one
or more television programs for broadcast, and EsoTV was to perform the broadcast media block time procurement, provide the operational
facilities, telecom interconnectivity and broadcast capabilities, and pay certain costs of production, and (ii) EsoTV and Cellcast
UK would split evenly the profits from the broadcast of Cellcast UK’s television shows in Brazil after the pre-profit reimbursement
of broadcast media buying money to Cellcast UK; and

WHEREAS, as part
of the Venture (i) a working capital loan was made by Cellcast UK to EsoTV in the amount of USD170,000 (one hundred seventy thousand
U.S. dollars), documented in a promissory note drafted by counsel for Cellcast UK and executed by EsoTV in favor of Cellcast UK
and secured by a lien on the assets of EsoTV (the “Original Note”), and (ii) an advance of media buying
funds from Cellcast UK to EsoTV in the amount USD220,000 (two hundred twenty thousand U.S. dollars) (the “Media Funds”);
and

 

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WHEREAS, the
television shows produced under the Venture were cancelled, resulting in economic losses to the Parties; and

WHEREAS, subsequent
to the cancellation of production of the television programs under the Venture, the Parties fell into disagreements with regard
to the repayment of the Original Note and the conduct of the Parties during the Venture (the “Dispute”); and

WHEREAS, the
Parties to this Agreement desire to avoid the necessity, expense, inconvenience and uncertainty of litigation, and to resolve and
settle all claims, differences and causes of action arising out of, or in any way related to the Venture and the Dispute;

NOW, THEREFORE,
in consideration of the releases and mutual promises contained herein, and other good and valuable consideration exchanged between
the Parties, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

1. Settlement

1.1 The Parties
agree that in consideration of the mutual promises and conditions contained in this Agreement, the BIMI Parties shall pay to Cellcast
UK, in full and complete satisfaction and settlement of the Venture and the Dispute, cash, debt and equity in the amounts and on
the dates as on the Exhibit A attached to this Agreement, and hereby incorporated as an integral part of this Agreement (“Settlement
Payments”).

1.2 On September
3, 2013, the BIMI Parties will pay the initial cash settlement of USD100,000 (one hundred thousand U.S. dollars) to Cellcast UK
by wire transfer to Cellcast UK’s account with Barclays in England identified in the wire transfer instruction letter previously
delivered to the BIMI Parties prior (the “Designated Account”). The BIMI Parties hereby agree to make each of the subsequent
five cash settlement installments of USD10,000 (ten thousand U.S. dollars) by making timely payments according to the post-closing
payment schedule listed in Exhibit A. Each of the post-closing payments shall be paid into the Designated Account. Cellcast UK
shall bear responsibility for maintaining the Designated Account and communicating the account particulars to the BIMI Parties
so as to allow timely payments to be made. The BIMI Parties’ obligation to pay under this Agreement is conditioned upon the
Cellcast Parties’ maintenance of the Designated Account and neither Dutchess Capital nor the

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BIMI Parties shall be considered
in breach of this Agreement due to any late or missed cash installment payment under this Agreement if such late or missed payment
is a result of the Cellcast Parties’ failure to maintain and/or communicate the appropriate particulars on, the Designated
Account. The Designated Account may be changed by Cellcast UK, but must be a Cellcast UK-owned account, in Cellcast UK’s
name, located in England.

1.3 Concurrently
with the execution and delivery of this Agreement, the BIMI Parties will deliver to Cellcast UK a fully executed promissory note
in favor of Cellcast UK in the amount of USD200,000 (two hundred thousand U.S. dollars) (the “Settlement Note”).
The form of the Settlement Note is attached hereto as Exhibit B. The Settlement Note shall bear an interest rate of 10% (ten percent)
per annum, shall be paid in 24 (twenty-four) equal monthly payments of USD9,229.00, and shall be secured by a first priority lien
on EsoTV’s assets as listed in the Original Note. Concurrently with the execution and delivery of this Agreement, Cellcast
UK will terminate and forgive the Original Note between Cellcast UK and EsoTV in the principal amount of USD170,000 (one hundred
seventy thousand U.S. dollars) executed on November 27th, 2012. At the Effective Date, and upon delivery of the Settlement
Note, Cellcast UK shall deliver to BIMI the terminated Original Note for immediate cancellation. The BIMI Parties will make all
payments on the Settlement Note in United States dollars, from a United States account, into the Designated Account. Cellcast UK
shall bear responsibility for maintaining the Designated Account and for communicating the account particulars to the BIMI Parties
so as to allow timely payments to be made. The BIMI Parties’s obligation to make each payment due under the Settlement Note
shall be conditioned upon the Cellcast Parties’ maintenance of the Designated Account. The Cellcast Parties agree that the
BIMI Parties shall not be considered in default of such Settlement Note or in breach of this Agreement due to any late or missed
payment under the Settlement Note if such late or missed payments are a result of the Cellcast Parties’ failure to maintain,
and/or communicate the appropriate particulars on, the Designated Account.

1.4 Concurrently
with the execution and delivery of this Agreement, BIMI will deliver to Cellcast UK a fully executed payment and performance guarantee
of (i) all payments required to be made by the BIMI Parties under Paragraphs 1.2 and 1.3 and (ii) all of the BIMI Parties’s
other obligations hereunder (the “BIMI Guarantee”). The form of the BIMI Guarantee is attached hereto as Exhibit
C. The BIMI Guarantee is governed by the law of and shall be enforceable in the courts of the State of Delaware, U.S.A.

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1.5 All payments
made under Paragraphs 1.2 and 1.3 above shall be made without any withholdings or deductions of any kind. In the event that any
such payment would be subject to any governmental or other withholding obligation or deduction, such payment shall be made, without
deduction, by the BIMI parties. Any and all payments required to be made by the BIMI parties hereunder may be prepaid at any time
without penalty.

1.6 BIMI agrees
to issue to Cellcast UK an aggregate of one million (1,000,000) shares of BIMI’s restricted common stock (the “Common
Stock”). The shares of Common Stock shall be delivered to Cellcast UK’s U.S. securities counsel at TroyGould PC,
1801 Century Park East, 16th Floor, Los Angeles, California 90067 USA, Attn: Istvan Benko, using best efforts to deliver the certificate
representing the Common Stock no later than seven business days following the Effective Date. Concurrently with the execution and
delivery of this Agreement, BIMI shall deliver to Cellcast UK’s U.S. securities counsel at TroyGould PC, a copy of a letter
of request of issuance for the Common Stock to BIMI’s transfer agent, which letter of request contains irrevocable instructions
to (i) issue the Common Stock in Cellcast UK’s name and (ii) promptly deliver to TroyGould PC a new stock certificate representing
the 1,000,000 shares registered in Cellcast UK’s name. The transferability and sale of the Common Stock shall be at all times
subject to the United States federal securities laws, as applicable, and a lock-up leak-out agreement (the form of which is attached
hereto Exhibit “D”) executed by Cellcast UK and delivered to BIMI concurrently with the delivery of this Agreement.
The holders of the Common Stock shall be granted piggy-back registration rights as contained in the form of the Common Stock Agreement
attached hereto as Exhibit “E.” BIMI hereby consents to the issue of the Common Stock to Cellcast UK, and agrees
to fully cooperate with the Common Stock issuance by providing to its transfer agent all required instructions, notices or other
legal documentation requested by the transfer agent (including a legal opinion of BIMI’s counsel, if necessary).

1.7 The cash
payments and the Common Stock due hereunder may not be offset by any obligations deemed owed by the Cellcast Parties or otherwise.

2. Covenant
Not To Sue and Indemnify

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2.1 In exchange for
and conditioned upon the full performance of the promises made by and between the Parties in this Agreement, the Parties covenant
not to institute legal action against any of the other Parties, or against their current, former or future officers, directors
and/or shareholders and Affiliates for any act or omission arising from or related to the Venture or the Dispute. As used herein,
“Affiliate” means (a) any person directly or indirectly controlling, controlled by or under common control with the
specified person, (b) a person owning or controlling ten percent or more of the outstanding voting securities of the specified
person, (c) a person ten percent or more of whose outstanding voting securities are owned or controlled by the specified person,
(d) any officer, director, general partner, manager or trustee of the specified person, and (e) if the specified person is an officer,
director, general partner, manager or trustee, any corporation, partnership, limited liability company or trust for which the specified
person acts in any such capacity.

2.2 The Parties
agree to defend and indemnify the other Parties and their respective Affiliates for any claims arising from the Venture or the
Dispute made by any third-parties acting by, through, under or on account of the conduct of the indemnifying party. Such indemnification
shall extend only to claims or actions against any of the Parties arising from the Venture or the Dispute, and shall not be interpreted
as an indemnification by any Party for claims or actions unrelated to the Venture or the Dispute, or any claim or action originating
prior to 2012.

3. Release
and Discharge

3.1 In consideration
of the mutual promises contained herein, and conditioned upon the full performance of the Parties of the obligations created by
this Agreement and the Exhibits hereto and the accuracy of all representations made herein, the receipt and sufficiency of which
is hereby acknowledged, the Cellcast Parties on the one hand, and BIMI, EsoTV and Dutchess Capital on the other, for themselves,
all predecessors, successors, members, parents, subsidiaries, assigns, and agents and all other persons, firms and corporations
in privity with any of them, do for themselves, their successors, Affiliates and/or assigns, hereby fully and forever Release,
Acquit and Discharge each other and all of their current, former and future officers, directors, employees (whether on a full-time,
part-time, or contract basis), managers, agents, representatives, partners, shareholders, members, venturers, attorneys, heirs,
successors,

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Affiliates (including, but not limited
to Dutchess Advisors LLC and its related entities and directors and owners, including, but not limited to Dutchess Opportunity
Fund II LP, Dutchess Global Strategies Fund LLC, Michael Novielli and Douglas Leighton), and/or assigns, and any other related
companies, and their officers, directors, current employees (whether on a full-time, part-time, or contract basis), agents, representatives,
partners, venturers, attorneys, successors, affiliates and/or assigns, from and against all actions, cause of actions, claims,
suits, debts, damages, judgments, causes of action, liabilities, and demands whatsoever, whether matured or unmatured, whether
at law or in equity, whether before a local, state, federal or foreign court, or state, federal or foreign administrative agency
or commission, and whether now known or unknown, liquidated or unliquidated, that the Cellcast Parties, BIMI, EsoTV or Dutchess
Capital parties now has or may have had, or hereafter claims to have, on behalf of itself or any other person, from the beginning
of time to the date of the final act of settlement, save and except only for those obligations created by this Agreement. This
Release is intended to be as broad, general and comprehensive as the law allows.

3.2 In consideration
of the mutual promises contained herein, and conditioned upon the full performance of the Parties of the obligations created by
this Agreement and the Exhibits hereto and the accuracy of all representations made herein, the receipt and sufficiency of which
is hereby acknowledged, the Cellcast Parties on the one hand, and BIMI on the other, for themselves, all predecessors, successors,
members, parents, subsidiaries, assigns, and agents and all other persons, firms and corporations in privity with any of them,
do for themselves, their successors, Affiliates and/or assigns, hereby fully and forever Release, Acquit and Discharge each other
and all of their current, former and future officers, directors, employees (whether on a full-time, part-time, or contract basis),
managers, agents, representatives, partners, shareholders, members, venturers, attorneys, heirs, successors, Affiliates (including,
but not limited to Themistocles Psomiadis, Alan T. Hawkins, Andrea Villas Boas and José Percival Palesel), and/or assigns,
and any other related companies, and their officers, directors, current employees (whether on a full-time, part-time, or contract
basis), agents, representatives, partners, venturers, attorneys, successors, affiliates and/or assigns, from and against all actions,
cause of actions, claims, suits, debts, damages, judgments, causes of action, liabilities, and demands whatsoever, whether matured
or unmatured, whether at law or in equity, whether before a local, state, federal

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or foreign court, or state, federal
or foreign administrative agency or commission, and whether now known or unknown, liquidated or unliquidated, that the Cellcast
Parties or BIMI now has or may have had, or hereafter claims to have, on behalf of itself or any other person, arising from the
Venture or the Dispute, save and except only for those obligations created by this Agreement.

3.3 Notwithstanding
anything to the contrary, the releases contained in Paragraphs 3.1 and 3.2 shall only be effective upon the complete performance
of all obligations under this Agreement by the party seeking to enforce the release.

3.4 Incorporated
by reference and made an integral part of this Agreement are the individual Releases attached as Exhibits F-1 through F-11,
duly executed by an authorized person for each of the Parties, and the Parties intend for such individual Releases to be enforceable
independently or in conjunction with this Agreement. The releases of the Parties in Paragraph 4.1 above and the individual Releases
shall only be effective upon complete performance by the party seeking to enforce the release.

4. No Admission

It is understood
that this Agreement does not constitute and shall not be construed as an admission of liability or wrongdoing by the Parties.

5. Fees and
Costs

The parties agree
that each of them shall be responsible for their own attorney fees and costs, and other costs of settlement, incurred as a result
of this dispute.

6. Binding
Effect

The parties understand
the terms of this Agreement and enter into it voluntarily, and this Agreement is binding on and shall inure to the benefit of,
the parties hereto and their respective heirs, representatives, successors and assigns.

7. Integrated
Agreement; Severability

This document,
including the attached and incorporated Exhibits, constitutes a final and complete statement of the Agreement between the parties.
No other prior or contemporaneous

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representations, inducements, promises,
or agreements, oral or otherwise, between the parties relating to the subject matter hereof and not embodied in this Agreement
shall be of any force or effect. There shall be no modifications or amendments to this Agreement unless they are in writing, signed
by the parties. If any provision of this Agreement shall for any reason be held to be invalid, unenforceable, or contrary to public
policy, whether in whole or in part, the remaining provisions shall not be affected by such holding.

8. Confidentiality

Except as may
be required by law, the Parties agree that they shall keep the terms, amount, and fact of settlement strictly confidential and
promise that neither they nor their representatives will disclose, either directly or indirectly, any information concerning this
settlement (or the fact of settlement) to anyone except their attorneys, accountants and agents, or as required by law.

9. No Statements
Regarding the Parties

The Parties agree
that neither they nor their representatives will make any public communication or statement, verbal or written, that concerns or
mentions another Party, except for legal disclosures required by law.

10. Representations
and Warranties

The Parties represent
and warrant to each other as follows:

10.1 No other
person or entity has, or has had, any interest in the claims, demands, obligations, or causes of action referred to in this Agreement,
except as otherwise set forth herein.

10.2 The Parties
have the sole right and exclusive authority to execute this Agreement and any of the other documents or agreements contemplated
hereby, including, but not limited to the Releases (collectively, the “Documents”), and that the Parties have not sold,
assigned, transferred, conveyed or otherwise disposed of any of the claims, demands, obligations or causes of action referred to
in this Agreement.

10.3 Each Party
represents unto the other that no other additional act, approval, court order or consent is required for the execution and delivery
of this Agreement and/or any of the

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documents to be delivered hereunder
and that the approvals and executions are by Parties with the proper authority, capacity, and authorization to act for and on behalf
of the appropriate entity.

10.4 Each Party
represents that its execution, delivery, and performance of this Agreement and the Documents, the consummation by that Party of
the transactions contemplated herein and therein and the compliance by that Party with the provisions of this Agreement and the
Documents, have been duly authorized by all necessary corporate action and do not and will not, with or without the giving of notice
or the lapse of time or both (i) result in any violation of the provisions of the Certificate of Incorporation, the By-laws or
other organizational or charter documents of that Party; or (ii) violate any existing applicable law, rule, regulation, judgment,
order or decree of any governmental agency or court, domestic or foreign, having jurisdiction over that Party or any of its material
properties or material businesses.

10.5 The signatories
hereto further warrant that they have read this Agreement carefully, that they know the contents hereof and sign the same as their
own free act. All Parties are represented by legal counsel in this matter. All Parties’ legal counsel have read and explained
to the Parties the entire contents of this Agreement, as well as the legal consequences of the releases contained herein and attached
hereto, and all Parties understand that these releases shall operate as a full and complete and final release and settlement of
claims to the extent described herein.

10.6 Other than these
representation and warranties, the Parties have not relied upon any other representation or warranty and have not relied upon representations
of counsel other than their own in executing this Agreement. All Parties hereby disavow any claim of fraudulent inducement, error,
good faith error, unilateral error or bilateral error in executing this Agreement or any of the Documents.

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11.Construction
Against Party Drafting

The Parties acknowledge
that all parties, through their legal counsel, played an equal role in drafting and/or had an equal opportunity to review and/or
modify the provisions set forth in this Agreement. Thus, in the event of any misunderstanding, ambiguity, or dispute concerning
this Agreement’s provisions, or interpretations, no rule of construction shall be applied that would result in having this
Agreement interpreted against any party.

12.Review
by Parties and Counsel

All parties acknowledge
that they have carefully read this Agreement, and fully understand its meaning and intent. The parties also acknowledge that they
have had the Agreement explained to them by their counsel, and they understand its legal consequences. The parties agree to all
the terms of the Agreement and are voluntarily signing below. The only consideration for the parties signing the Agreement are
the terms stated in the Agreement and its Exhibits, and no other promises or representations of any kind have been made by any
person or entity to cause them to sign this Agreement. In construing this Settlement Agreement and in determining the rights of
the Parties, no party shall be deemed to be the drafter or creator of this Settlement Agreement.

13.Notice.

All notices or
other communications required or permitted to be given hereunder shall be in writing and shall be deemed to have been duly given:
(i) when delivered personally by a Party hereto, or by messenger, to a person over the age of 18 years at the notified Party’s
address listed below, or (ii) when delivered by next day express courier to the notified Party’s address listed below, or
(iii) upon delivery or refusal of same after having been mailed by registered or certified mail, return receipt requested, postage
prepaid, to the notified Party’s address listed below, as follows:

If to the Cellcast Parties:

CELLCAST UK LIMITED

35 SOHO SQUARE LONDON W1D 3QX UK

 

With a copy to:

Istvan Benko, Esq.

TroyGould PC

1801 Century Park
East, 16th Floor

Los Angeles, California,
90067 USA

 

 

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If to BIMI:

Alan Hawkins, General
Counsel

801 Brickell Avenue,
Suite 900

Miami, Florida 33131

 

With a copy to:

 

Peter Gennuso

Thompson Hine LLP

335 Madison Avenue

New York, New York
10017

 

If to EsoTV:

Daniel M. Majzoub

Majzoub Law
Firm

R. Napoleão
de Barros, 284 - Vila Mariana

São
Paulo, 04024-000, Brazil

 

If to Dutchess Capital:

Joshua Briones

DLA Piper
LLP (US)

2000 Avenue
of the Stars

Suite 400
– North Tower

Los Angeles,
California 90067

 

14. Governing
Law

This Agreement
shall be governed by the laws of the state of Delaware. The Parties, by their execution of this Agreement, submit to the jurisdiction
of the courts of the State of Delaware and agree that venue shall be exclusively in of the Courts located
in the County of New Castle, in the State of Delaware, or in the United States District Court located in Wilmington, Delaware.

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15. Additional
Documents; Further Assurances

All parties
agree to cooperate fully and execute any and all supplementary documents and to take all additional actions that may be necessary
or appropriate to give full force and effect to the basic terms and intent of this Agreement. In particular, EsoTV agrees to fully
cooperate with the perfection of the lien on its assets in Brazil, including the execution of a security agreement and any instrument
required to be filed, recorded or registered.

16. Captions

The section
captions in this Agreement are inserted only as a matter of convenience and in no way define, limit, construe or describe the
scope or intent of such sections nor in any way affect this Agreement.

17. Counterparts

This Agreement
may be executed in one or more counterparts, all of which shall together constitute one and the same instrument and shall become
effective when one or more counterparts have been signed by each and every party hereto and delivered to each and every other party
hereto.

[Signature Page Follows]

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF, the parties have duly executed this
SETTLEMENT AGREEMENT AND RELEASE effective as of the date above written.

	
        Cellcast UK Limited

         

         

        ________________________________

        By:

        Title: 
	
        EsoTV Brasil Promoção Publicidade
        Licenciamento e Comércio Ltda.

         

        ________________________________

        By:

        Title: 

         

	
        Sky Telemedia (UK) Limited

         

        ________________________________

        By:

        Title:

         

         

        Cellcast PLC

         

         

        ________________________________

        By:

        Title:

         

         

        Dutchess Opportunity
        Fund II LP

         

        ________________________________

        By:

        Title: 

         

        Douglas H. Leighton

         

        ________________________________

        An individual

        Michael Novielli

         

        ________________________________

        An individual
	
        Brazil Interactive Media, Inc.

         

        ________________________________

        By:

        Title: 

         

         

        Brazil Interactive Holdings LLC

         

        ________________________________

        By:

        Title: 

         

         

        Dutchess Advisors
        LLC

         

        ________________________________

        By:

        Title: 

         

        Dutchess Global Strategies Fund LLC

         

        ________________________________

        By:

        Title: 

         

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EXHIBIT A

PAYMENTS

	 	(in USD)
	Cash (at Effective Date)	 $100,000 
	Cash (30 days post-Effective Date)	 $10,000 
	Cash (60 days post-Effective Date)	 $10,000 
	Cash (90 days post-Effective Date)	 $10,000 
	Cash (120 days post-Effective Date)	 $10,000 
	Cash (150 days post-Effective Date)	 $10,000 
	Settlement Promissory Note	 24 mos/10% annum = 
	Monthly Principal and Interest Payment	 US$9,229/month 
	Principal Face Amount of Note	 US$200,000 
	BIMI Common Stock 	One million (1,000,000) shares of restricted common stock
	 	 (value agreed upon at $0.30/share) 
	Total Value	 $650,000 
	 	 
	 	 
	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

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EXHIBIT B

SETTLEMENT NOTE

INSTRUMENTO PARTICULAR DE CONFISSÃO DE
DÍVIDA

 

Pelo presente Instrumento Particular de Confissão de Dívida
(“Confissão de Dívida”), em que são partes:

 

(I)CELLCAST UK LIMITED, sociedade limitada existente
e organizada segundo as leis do Reino Unido, com sede na 40 Gerrard Street, London, UK, representada neste ato por seu representante
legal, doravante referida como CELLCAST ou CREDORA;

 

(II)ESOTV BRASIL PROMOÇÃO PUBLICIDADE LICENCIAMENTO
E COMÉRCIO LTDA., sociedade limitada inscrita no CNPJ/MF sob o n.o 10.563.796/0001-44, com sede na Rua Professor
Edgard de Moraes, n.o 534, Centro, Santana do Parnaíba – SP, Brasil, representada neste ato por seu representante
legal, doravante referida como ESOTV ou DEVEDORA;

 

(III)BRAZIL INTERACTIVE MEDIA INC., sociedade com sede
na 801 Brickell Avenue, Suite 900, Miami, Florida 33131 USA, neste ato representada na por seu representante legal, doravante referida
como BIMI e FIADORA;

 

E quando CELLCAST, ESOTV E BIMI forem referidas em
conjunto serão denominadas “Partes” e, individualmente, “Parte”.

 

Resolvem as Partes acima qualificadas celebrar a presente Confissão
de Dívida, mediante as seguintes cláusulas e condições:

 

CLÁUSULA PRIMEIRA – CONFISSÃO DE DÍVIDA

 

1.1. A ESOTV, neste ato, de forma irrevogável e irretratável,
reconhece e confessa ser devedora da CELLCAST pela importância líquida, certa e exigível de US$ 350.000,00
(trezentos e cinquenta mil dólares) (“Dívida”), relativa a débitos oriundos do “Instrumento
Particular de Empréstimo com Garantia de Penhor Mercantil de Equipamentos”, firmado em 27 de novembro de 2012.

 

1.2. ESOTV e BIMI reconhecem que não existem
restrições, pendências ou qualquer outro tipo de discussão ou controvérsia quanto ao valor, origem,
natureza e título da Dívida ora confessada.

 

CLÁUSULA SEGUNDA – CONDIÇÕES DE PAGAMENTO

 

2.1. A ESOTV obriga-se a quitar o débito confessado
na Cláusula Primeira conforme cronograma abaixo:

    	16

    	 

    

 

 

i)                  
 US$ 100.000,00 (cem mil dólares), a serem pagos no dia 03 (três) de setembro;

 

ii)                
 US$ 50.000,00 (cinquenta mil dólares), a serem pagos em 5 (cinco) parcelas mensais de US$ 10.000,00 (dez mil dólares)
cada, sendo (i) a primeira com vencimento no trigésimo dia posterior ao primeiro pagamento e (ii) as subsequentes nos mesmos
dias dos meses que se seguirem;

 

iii)              
 US$ 221.496,00 (duzentos e vinte e um mil quatrocentos e noventa e seis dólares), a serem pagos em 24 (vinte e quatro)
parcelas mensais, no valor de US$ 9.229,00 (nove mil duzentos e vinte e nove dólares) sendo (i) a primeira com vencimento
no trigésimo dia posterior ao primeiro pagamento e (ii) as subsequentes nos mesmos dias dos meses que se seguirem;

 

2.2. A ESOTV declara-se ciente de que os valores das parcelas
da Dívida deverão ser pagos nos seus respectivos vencimentos, independentemente de qualquer comunicação
a ser apresentada pela CELLCAST, sendo certo que a ESOTV não se liberará de suas obrigações
e responsabilidades no caso de efetuar pagamentos a menor.

 

2.3. As parcelas da Dívida serão pagas pela ESOTV
mediante depósito, sem qualquer tipo de dedução, seja de que natureza for, em conta estrangeira de titularidade
da CELLCAST, cujos dados seguem abaixo:

 

CLÁUSULA TERCEIRA – ENCARGOS MORATÓRIOS

 

3.1. O não pagamento de qualquer parcela no tempo, modo e
lugar convencionados nesta Confissão de Dívida sujeitará a ESOTV e a BIMI ao acrescimo de juros
de mora à razão de 2% (dois por cento) ao mês e correção monetária, pro rata die, de acordo
com a variação positiva do IGP-M (FGV) ou índice que vier a substituí-lo nas parcelas em atraso.

 

CLÁUSULA QUARTA – VENCIMENTO ANTECIPADO DA DÍVIDA

 

4.1. Além das hipóteses previstas na legislação
em vigor, a ocorrência de qualquer um dos eventos abaixo descritos acarretará, automaticamente (sem a necessidade
de notificação ou interpelação), o vencimento antecipado da Dívida confessada pela ESOTV
no item 1.1. acima, tornando as parcelas vincendas e os encargos moratórios imediatamente exigíveis pela CELLCAST:

 

    	17

    	 

    

 

i)      
Atraso ou falta do pagamento integral de qualquer parcela da Dívida;

 

ii)    
Decretação de falência ou deferimento de recuperação judicial ou extrajudicial da ESOTV;
e

 

iii)  
Na ocorrência de caso fortuito, força maior, atos de governo ou eventos fora do controle da ESOTV e BIMI, que
inviabilizem o cumprimento das suas obrigações, as mesmas estarão isentas de qualquer multa ou ônus
pelo atraso no pagamento das parcelas ora ajustadas.

 

CLÁUSULA QUINTA – GARANTIA FIDEJUSSÓRIA

 

5.1. As obrigações assumidas pela ESOTV nesta
Confissão de Dívida são garantidas por fiança prestada pela BIMI, que fica reputada como principal
pagadora e responsável solidária pelas obrigações principais e acessórias aqui contraídas
pela DEVEDORA.

 

5.2. A fiança ora estipulada passa produzir efeitos a partir
da data de assinatura deste instrumento e permanecerá vigente até que o débito confessado e eventuais encargos
sejam devidamente quitados em sua integralidade.

 

5.3. A BIMI neste ato se declara principal pagadora, assumindo
em conjunto com a ESOTV todas as obrigações inadimplidas por esta, nos termos do Contrato,
renunciando ao benefício de ordem, e em especial aqueles descritos nos artigos 827 e 839 do Código Civil Brasileiro.

 

5.4. A BIMI declara e se compromete a efetuar, no prazo improrrogável
de 48 (quarenta e oito) horas, o pagamento de qualquer importância que venha a ser solicitada pela CELLCAST em decorrência
da presente fiança, independentemente de qualquer aviso, comunicação, notificação, consulta,
confirmação ou autorização da ESOTV.

 

5.5. A BIMI não poderá ceder ou transferir,
no todo ou em parte, sua posição de garante adotada neste instrumento.

 

5.6. A ESOTV outorga à BIMI poderes para receber
citações, intimações e notificações.

 

5.7. A BIMI declara que são do seu conhecimento todas
as condições estipuladas nessa Confissão de Dívida, com as quais concorda expressamente.

 

CLÁUSULA SEXTA - DISPOSIÇÕES GERAIS

 

6.1. A presente Confissão de Dívida é feita
em caráter irrevogável e irretratável, obrigando as partes e eventuais sucessores a qualquer título.

    	18

    	 

    

 

 

6.2. Esta Confissão de Dívida constitui título
executivo extrajudicial, na forma do artigo 585, inciso II, do Código de Processo Civil.

 

6.3. A tolerância ou omissão na exigência do
cumprimento de qualquer dos direitos oriundos da presente Confissão de Dívida não constituirá renúncia
ao exercício de tal direito, muito menos novação, podendo a obrigação ser exigida a qualquer
tempo.

 

6.4. A ESOTV não poderá ceder ou transferir
qualquer um de seus direitos e obrigações decorrentes desta Confissão de Dívida sem o consentimento
prévio e por escrito da CELLCAST.

 

6.5 As Partes desde já acordam que a CELLCAST poderá
ceder, total ou parcialmente, os direitos e obrigações decorrentes da presente Confissão de Dívida,
para qualquer outra empresa que seja sua controladora, controlada ou a ela coligada, compreendidos esses conceitos nos termos da
legislação societária em vigor.

 

6.6. Todas as notificações exigidas sob esta Confissão
de Dívida serão entregues pessoalmente, ou enviadas por carta registrada ou, ainda, transmitidas por fac-símile
(com uma cópia de confirmação também enviada por carta registrada) para as Partes nos endereços
especificados na qualificação das Partes, ou outros endereços que qualquer das Partes venha a informar à
outra por escrito.

 

6.7. Esta Confissão de Dívida contém o acordo
completo entre as Partes com relação ao seu objeto, revogando e substituindo qualquer contrato ou acordo anterior
sobre o mesmo objeto e somente poderá ser alterado através de instrumento escrito firmado por ambas as Partes.

 

6.8. Na hipótese em que quaisquer termos ou disposições
da presente Confissão de Dívida venham a ser declarados nulos ou não aplicáveis, tal nulidade ou inexequibilidade
não afetará o restante da Confissão de Dívida, que permanecerá em pleno vigor e eficácia,
como se tais disposições jamais lhe houvessem sido incorporadas.

 

6.9. Os tributos que forem devidos em decorrência direta ou
indireta desta Confissão de Dívida, ou de sua execução, constituem ônus de responsabilidade do
contribuinte ou responsável tributário conforme definido na legislação tributária em vigor,
a menos que o presente Contrato tenha disposto de forma diversa.

 

6.10. As Partes, bem como seus representantes que assinam o presente
instrumento, declaram que estão devidamente autorizados a assinarem e a executarem a Confissão de Dívida,
na forma de seus respectivos instrumentos sociais.

 

CLÁUSULA SÉTIMA – FORO DE ELEIÇÃO

 

7.1. As Partes, de comum acordo, elegem o foro da Comarca da Cidade
de São Paulo como

    	19

    	 

    

 

competente para dirimir quaisquer dúvidas ou questionamentos
oriundos deste Contrato, com expressa renúncia a qualquer outro, por mais privilegiado que seja ou se torne. Por estarem
assim justas e contratadas, as Partes assinam o presente instrumento, em 3 (três) vias de igual teor, juntamente com 2 (duas)
testemunhas abaixo assinadas.

São Paulo, __ de agosto de 2.013

 

CELLCAST UK LIMITED

Nome:

Cargo:

 

BIMI

Nome:

Cargo:

 

ESOTV BRASIL PROMOÇÃO PUBLICIDADE LICENCIAMENTO E
COMÉRCIO LITDA.

Nome:

Cargo:

 

Testemunha:

________________________________

Nome:

RG:

 

Testemunha:

________________________________

Nome:

RG

 

 

 

 

 

    	20

    	 

    

 

EXHIBIT C

BIMI GUARANTEE

GUARANTY OF PAYMENT AND PERFORMANCE

 

This Guaranty of Payment and Performance (“Guaranty”),
dated August ___, 2013, is executed and delivered by Brazil Interactive Media, Inc., a Delaware corporation (“Guarantor”),
to and in favor of Cellcast UK Limited, a company organized under the laws of England (“Cellcast”), with reference
to the following facts:

 

A.Guarantor is the direct or indirect parent corporation of
EsoTV Brasil Promoção Publicidade Licenciamento e Comércio Ltda., a limited company duly organized and existing
under the laws of Brazil (“EsoTV”, and together with Guarantor, the “BIMI Parties”).

 

B.Concurrently with the execution and delivery of this Guaranty,
Guarantor, EsoTV, Cellcast, and other affiliates and related parties are entering into that certain Settlement and Release Agreement
(the “Settlement Agreement”) pursuant to which the BBB (i) are agreeing to pay Cellcast $150,000 in six payments
(the “Cash Payments”), and (ii) are delivering to Cellcast a $200,000 Promissory Note in favor of Cellcast (the
“Settlement Note”).

 

C.Section 1.4 of the Settlement Agreement requires Guarantor
to execute this Guaranty, and Cellcast would not have entered into the Settlement Agreement or agreed to accept the Settlement
Note unless Guarantor guaranteed EsoTV’s performance and obligations under the Settlement Agreement and the Settlement Note
in the form of this Guaranty.

 

D.Guarantor is directly interested in EsoTV’s performance
of its obligations under the Settlement Agreement and Settlement Note and will directly benefit as a result of the EsoTV’s
agreeing to the terms of the Settlement Agreement and Settlement Note.

 

THEREFORE, for good, adequate and valuable consideration, the receipt
of which is hereby acknowledged by Guarantor, Guarantor agrees as follows:

 

Guarantor does hereby unconditionally and irrevocably guarantee
to Cellcast the timely and complete performance, discharge and payment of all of EsoTV’s obligations and liabilities under
the (i) Settlement Agreement, including the timely payment of the Cash Payments, and (ii) the Settlement Note (collectively, the
“Guaranteed Obligations”). This Guaranty is conditionally delivered,
and subject to the performance by Cellcast of Cellcast’s obligations pursuant to the Settlement Agreement and the Settlement
Note.

 

Nothing herein contained shall affect, impair, diminish or qualify
any of the rights or remedies of Cellcast under the Settlement Agreement and Settlement Note (collectively, the “Transaction
Documents”). A separate action or actions may be brought and prosecuted against Guarantor hereunder, whether or not an
action is brought against EsoTV under the Transaction Documents, and whether or not EsoTV is joined in any action against Guarantor.
Nothing contained herein

    	21

    	 

    

 

shall be deemed or construed to obligate Cellcast to pursue or exhaust
its remedies against any person, party or collateral (including, without limitation, EsoTV) prior to enforcing its rights under
this Guaranty. Guarantor consents to EsoTV’s execution, delivery and performance
of the Transaction Documents.

 

Solely for purposes of this Guaranty, Guarantor acknowledges and
agrees that (a) EsoTV’s execution, delivery and performance of its obligations under the Transaction Documents have
been duly authorized by all requisite action on the part of EsoTV; and (b) the Transaction Documents constitute the legal,
valid and binding obligation of EsoTV, enforceable against EsoTV in accordance with their respective terms, except as enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting the rights of creditors
and by general principles of equity whether considered at law or in equity.

This Guaranty (a) is an absolute, unconditional, and continuing
guaranty of payment and performance, which shall remain in full force and effect without respect to future changes in conditions;
and (b) shall be valid, irrespective of the validity, regularity or enforceability of any instrument, writing or agreement relating
to the Transaction Documents or the Guaranteed Obligations, whether or not the Guaranteed Obligations are due or to become due
before or after any bankruptcy, insolvency or dissolution proceeding involving EsoTV.

 

The obligations of Guarantor hereunder are independent of the obligations
of EsoTV, and a separate action may be brought by Cellcast against Guarantor whether such action is brought against EsoTV or whether
EsoTV is joined in such action. Guarantor agrees that, if EsoTV fails to pay or perform any of the Guaranteed Obligations when
due, Guarantor’s liability hereunder shall be immediate and shall not be contingent upon the exercise or enforcement by Cellcast
of whatever remedies they may have against EsoTV.

 

To the maximum extent permitted by law, Guarantor hereby waives:
(1) notice of acceptance hereof; (2) notice of the creation or existence of any Guaranteed Obligations; (3) notice of
the amount of the Guaranteed Obligations; (4) notice of any adverse change in the financial condition of EsoTV or of any other
fact that might increase the Guarantor’s risk hereunder; and (5) all other notices and demands to which the Guarantor might
otherwise be entitled as a surety or guarantor of the Guaranteed Obligations. To the maximum extent permitted by law, Guarantor
hereby waives the right by statute or otherwise to require Cellcast to institute suit against EsoTV or any third party or to exhaust
any rights and remedies which Cellcast has or may have against EsoTV or any third party. In this regard, Guarantor agrees that
it is bound to the payment and performance of all Guaranteed Obligations, whether now existing or hereafter accruing, as fully
as if such Guaranteed Obligations were directly owing to Cellcast by the Guarantor. Guarantor further waives any defense arising
by reason of any disability or other defense of EsoTV (other than the defense that the Guaranteed Obligations shall have been fully
and finally performed and indefeasibly paid) or by reason of the cessation from any cause whatsoever of the liability of EsoTV
in respect thereof. Guarantor expressly waives and relinquishes all rights, remedies, benefits, and defenses accorded by applicable
law to guarantors and agrees not to assert or take advantage of any such rights, remedies, benefits, or defenses.

    	22

    	 

    

 

To the maximum extent permitted by law, Guarantor hereby waives
any right of subrogation the Guarantor has or may have as against EsoTV with respect to the Guaranteed Obligations until the Guaranteed
Obligations are fully paid and performed. In addition, Guarantor hereby waives any right to proceed against EsoTV for contribution,
indemnity, reimbursement, and any other suretyship rights and claims, whether direct or indirect, liquidated or contingent, whether
arising under express or implied contract or by operation of law, which Guarantor may now have or hereafter have as against EsoTV
with respect to the Guaranteed Obligations until the Guaranteed Obligations are fully paid and performed. Guarantor hereby also
waives any rights to recourse to or with respect to any asset of EsoTV until the Guaranteed Obligations are fully paid and finally
discharged.

 

Guarantor consents and agrees that, without notice to or by Guarantor,
and without affecting or impairing the obligations of Guarantor hereunder, Cellcast may, by action or inaction: (a) compromise,
settle, extend the duration or the time for the payment of, or discharge the performance of, or may refuse to or otherwise not
enforce, the Transaction Documents; (b) amend or modify in any manner and at any time (or from time to time) the Transaction Documents;
or (c) release or substitute any other guarantor, if any, of the Guaranteed Obligations, or enforce, exchange, release, or waive
any security for the Guaranteed Obligations or any other guaranty of the Guaranteed Obligations or any portion thereof.

 

The Guaranteed Obligations shall not be considered
indefeasibly paid for purposes of this Guaranty unless and until all payments to Cellcast are no longer subject to any right on
the part of any person including, without limitation, EsoTV as a debtor in possession, or any trustee (whether appointed under
the Bankruptcy Code or otherwise) of EsoTV’s assets to invalidate or set aside such payments or to seek to recoup the amount
of such payments or any portion thereof, or to declare same to be fraudulent or preferential. In the event that, for any reason,
any portion of such payments to Cellcast is set aside or restored, whether voluntarily or involuntarily, after the making thereof,
then the obligation intended to be satisfied thereby shall be revived and continued in full force and effect as if said payment
or payments had not been made, and Guarantor shall be liable for the full amount Cellcast is required to repay plus any and all
costs and expenses (including reasonable attorneys' fees) paid by Cellcast in connection therewith.

 

Guarantor represents and warrants to Cellcast
that Guarantor is currently informed of the financial condition of EsoTV and of all other circumstances, which a diligent inquiry
would reveal and which bear upon the risk of nonpayment of the Guaranteed Obligations. Guarantor further represents and warrants
to Cellcast that Guarantor has read and understands the terms and conditions of the Transaction Documents. Guarantor hereby covenants
that Guarantor will continue to keep informed of EsoTV’s financial condition and of all other circumstances, which bear upon
the risk of nonpayment or nonperformance of the Guaranteed Obligations.

 

All payments to be made hereunder by Guarantor
shall be made in lawful money of the United States of America at the time of payment, shall be made in immediately available funds,
and shall be made without deduction (whether for taxes or otherwise) or offset. All payments made by Guarantor hereunder shall
be applied as follows: first, to all costs and expenses (including reasonable attorneys' fees) incurred by Cellcast in enforcing
this Guaranty; second, to all accrued and unpaid interest, if any, constituting Guaranteed Obligations; and third, to the balance
of the Guaranteed Obligations.

    	23

    	 

    

 

This Guaranty, and each and every part hereof, shall be binding
upon Guarantor, and its successors and assigns and inure to the benefit of Cellcast and its respective successors and assigns,
provided that the foregoing provision shall not be construed as permitting Guarantor to assign his obligations hereunder. This
Guaranty constitutes the entire agreement between the parties relating to the subject matter hereof and is the final and complete
expressions of their intent. This Guaranty can only be changed, modified, waived or discharged if consented to in a writing duly
signed and delivered by Cellcast.

 

This Guaranty shall be governed
by and interpreted in accordance with the laws of the State of Delaware. In any action brought under or arising out of this Guaranty,
Guarantor irrevocably and unconditionally (a) consents to the jurisdiction of any competent court within the State of Delaware;
(b) consents to service of process by any means authorized by Delaware law; and (c) agrees that Cellcast may commence any such
action in any other court having jurisdiction in which the Guarantor has an office.

 

In the event of default of the Settlement Note by EsoTV and failure
to perform under this Guaranty by Guarantor, if Cellcast is forced to enforce this Guaranty in court, Guarantor agrees to reimburse
Cellcast for reasonable attorneys’ fees and costs incurred by Cellcast in connection therewith (including, without limitation,
in any appellate or post-judgment proceedings).

 

IN WITNESS WHEREOF, the undersigned
has executed this Guaranty as of the date set forth above.

	
         

         
	
        BRAZIL
        INTERACTIVE MEDIA, INC.

         

         

        By:
        ____________________________________

        Name:

        Title:

 

 

 

 

 

    	24

    	 

    

 

EXHIBIT D

LOCK-UP
AND LEAK OUT AGREEMENT        

This LOCK-UP
AND LEAK-OUT AGREEMENT (the “Agreement”) is made as of August ___, 2013 (the “Effective Date”)
by and between Brazil Interactive Media, Inc., a Delaware corporation, (the “Company”), and the undersigned holder
of common stock (the “Stockholder”) of the Company.

WHEREAS,
the Stockholder owns 1,000,000 shares (the “Shares”) of the Company’s common stock (the “Common Stock ”);
and

WHEREAS,
to ensure the development of an orderly trading market in the Company’s Common Stock, the Company and the undersigned intend
to enter into this Agreement that provides the circumstances under which the undersigned may sell or otherwise dispose of shares
of the Company’s securities; and

NOW,
THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the Company and the undersigned Stockholder agree as follows: 

1.
Twenty-Four Month Prohibition on Sales or Transfers. The Stockholder, including the Stockholder’s Affiliated
Entities (as defined below), hereby agrees that for a period of twenty-four (24) months from the date of this
Agreement (the “Lock-Up Period”), the Stockholder will not offer, sell, contract to sell, pledge, give,
donate, transfer or otherwise dispose of, directly or indirectly, any shares of the common stock of the Company (the
“Common Stock ”) or securities convertible into or exercisable for Common Stock issued to the Stockholder (the
“Lock-Up Shares”) or securities or rights convertible into or exchangeable or exercisable for any Lock-Up Shares,
enter into a transaction which would have the same effect, or enter into any swap, hedge or other arrangement that transfers,
in whole or in part, any of the economic or voting consequences of ownership of such securities, whether any such
aforementioned transaction is to be settled by delivery of the Lock-Up Shares or such other securities, in cash or otherwise,
or publicly disclose the intention to make any such offer, sale, pledge or disposition, or to enter into any
such transaction, swap, hedge or other arrangement (the “Lock-Up Agreement”). As used in this Agreement
“Affiliated Entities” shall mean any legal entity, including any corporation, limited liability company,
partnership, not-for-profit corporation, estate planning vehicle or trust, which is directly or indirectly owned or
controlled by the Stockholder or his or her descendants or spouse, of which such Stockholder or his or her descendants or
spouse are beneficial owners, or which is under joint control or ownership with any other person or entity subject to a
lock-up agreement regarding the Common Stock with terms substantially identical to this Agreement.

    	25

    	 

    

2. Restrictions
on Sales; Volume Limitations. Beginning the sooner of: (i) March 28, 2014 or (ii) immediately upon the effectiveness of a
registration statement as declared by the U.S. Securities and Exchange Commission, in which shares of the Stockholder’s
Common Stock have been registered, if the share price of the Common Stock (“Share Price”) exceeds thirty cents
($0.30) per share, the Stockholder shall have the right to effect open market sales of his Common Stock in an aggregate
amount equal to 0.0215 multiplied by the total weekly volume, of the Common Stock (“Sellable
Shares”). If during the Lock-Up Period the Share Price is less than thirty cents ($0.30) per share, the Stockholder
shall not have the right to effect any open market sales of his Common Stock during such times that the Share Price is below
thirty cents ($0.30) per share.

 

If during the Lock-Up Period the
share price of the Common Stock (‘Share Price”) exceeds sixty-cents ($0.60) per share, the Stockholder shall have the
right to effect open market sales of his Common Stock in an aggregate amount equal to 0.0322 multiplied by the total
weekly volume in the Common Stock, during such time that the Share Price is above sixty-cents ($0.60).

If during the Lock-Up Period the
Share price exceeds ninety-cents ($0.90) per share, the Holder shall have the right to effect open market sales of his Common Stock
in an aggregate amount equal to 0.0430 multiplied by the total weekly volume in the Common Stock, only during that
time the Common Stock is trading above ninety-cents ($0.90) per share.

If during the Lock-Up Period the
Share Price exceeds two dollars ($2.00) per share, there shall be no limitations on the amount of Common Stock that may be sold
by the Stockholder, during such time the Share Price is above two dollars ($2.00).

The amount of Sellable Shares that
may be sold pursuant to this Section 2, shall rounded up or down, to the nearest one hundred (100) shares. Sellable Share amounts
equaling less than one hundred (100) shares shall be rounded
up to equal one hundred shares.

By way of example only, if
the Stockholder’s multiplier is equal to 0.00055
when the share price is equal to or below sixty-cents ($0.60), and during one week the share price and total volume of the Common
Stock is equal to fifty-cents ($0.50) and one-hundred thousand (100,000) shares, respectively, then the Stockholder shall apply
his multiplier (0.00055) to one-hundred thousand
(100,000) which generates a product of 55 shares. Because the amount of shares is less than one-hundred (100), the Stockholder
will be eligible to sell one-hundred (100) shares during that week.

If during one week the share
price and total volume of the Common Stock is equal to fifty-cents ($0.50) and two-hundred thousand (200,000) shares, respectively,
then the Stockholder shall apply his multiplier (0.00055)
to two-

    	26

    	 

    

 

hundred thousand (200,000)
which generates a product of one-hundred and ten (110) shares. Because the amount of shares is greater than one-hundred (100),
the Stockholder will be eligible to sell only that amount which results from the application of the multiplier to the total volume
of the Common Stock, which in this example, is equal to one-hundred and ten (110) shares.

Sellable Share amounts are not
cumulative. If the Stockholder waives his rights at any time during the Lock-Up Period, pursuant to this Section 2 (“Waivable
Period”), the calculated Sellable Share amounts for those Waivable Periods, shall not be accrued and added to Sellable Shares
amounts, in a future period.

3. Application
of this Agreement to Shares Sold or Otherwise Transferred. So long as such sales or other Transfers are made in
compliance with the requirements of this Agreement, Lock-Up Shares sold in the public market shall thereafter not be subject
to the restrictions on sale or other Transfer contained in this Agreement.  Lock-Up Shares sold or otherwise
Transferred in private sales or other Transfers pursuant to an Option shall thereafter not be subject to the restrictions on
sale or other Transfer contained in this Agreement.

4. Attempted
Transfers. Any attempted or purported sale or other Transfer of any Lock-Up Shares by the Stockholder in violation or contravention
of the terms of this Agreement shall be null and void ab initio.
The Company shall instruct its transfer agent to, reject and refuse to transfer on its books any Lock-Up Shares that may have been
attempted to be sold or otherwise Transferred in violation or contravention of any of the provisions of this Agreement and shall
not recognize any person or entity. 

5. Broker
and Account Verification. The Stockholder agrees and consents to (i) effect sales of the Lock-Up Shares through a broker approved
by the Company’s board of directors, (ii) the entry of stop transfer instructions with the Company's transfer agent against
the transfer of the Securities held by the undersigned except in compliance with this Lock and Leak-Out Agreement.

6. Broker
Authorization. The Stockholder hereby authorizes any and all brokers, for all accounts holding the Stockholder’s Lock-Up
Shares, to provide directly to the Company, immediately upon the Company’s request, a copy of all account statements showing
the Lock-Up Shares and all trading activity in the Lock-Up Shares during the Lock-Up Period.

7. Waiver
of Claims. The Stockholder hereby irrevocably waives any and all known or unknown claims and rights, whether direct or indirect,
fixed or contingent, that the Stockholder may now have or that may hereafter arise against the Company or any of its affiliates,
or any of its respective officers, directors, stockholders, employees, agents, attorneys or advisors arising out of the negotiation,
documentation of this Agreement.

    	27

    	 

    

 

8. Acknowledgement
of Representation. The Stockholder represents and warrants to the Company that the Stockholder was or had the opportunity to
be represented by legal counsel and other advisors selected by Stockholder in connection with this Agreement. The Stockholder has
reviewed this Agreement with his, her or its legal counsel and other advisors and understands the terms and conditions hereof.

9. Legends
on Certificates. All Lock-Up Shares now or hereafter owned by the Stockholder, except any shares purchased in open market transactions
by Stockholders that are not affiliates (as such term is defined under securities laws) of the Company, shall be subject to the
provisions of this Agreement and the certificates representing such Lock-Up Shares shall bear the following legends:

THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE
SECURITIES LAWS. THEY MAY NOT BE SOLD, ASSIGNED, PLEDGED OR OTHERWISE TRANSFERRED FOR VALUE UNLESS THEY ARE REGISTERED UNDER THE
ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR UNLESS THE CORPORATION RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO IT, OR OTHERWISE
SATISFIES ITSELF, THAT AN EXEMPTION FROM REGISTRATION IS AVAILABLE. 

THE SALE, ASSIGNMENT, GIFT,
BEQUEST, TRANSFER, DISTRIBUTION, PLEDGE, HYPOTHECATION OR OTHER ENCUMBRANCE OR DISPOSITION OF THE SHARES REPRESENTED BY THIS CERTIFICATE
IS RESTRICTED BY AND MAY BE MADE ONLY IN ACCORDANCE WITH THE TERMS OF A LOCK-UP AGREEMENT, A COPY OF WHICH MAY BE EXAMINED AT THE
OFFICE OF THE CORPORATION.

10. Registration
Rights. The Stockholder shall be entitled to registration rights for the registration of the Shares if, within six months after
the Effective Date, the Company files with the Securities and Exchange Commission a Registration Statement, under the Securities
Act for the resale of the Company’s Common Stock. In the event the Company does file such a Registration Statement, the Stockholder
will have certain “piggyback” registration rights allowing for their respective Shares to be included in Registration
Statement. Notwithstanding, the Stockholder acknowledges that the Company shall only be permitted to register with the Securities
and Exchange Commission an amount of the Company’s shares of common stock that does not exceed the limitations imposed by
Rule 415 and, as such, the Company may be required to limit and cutback the amount of Shares that may be registered pursuant to
a particular Registration Statement, including Shares held by the Stockholder. The Company is not under any obligation to file
a Registration Statement.

    	28

    	 

    

11. Governing
Law; Venue. This Agreement will be governed as to validity, interpretation, construction, effect and in all other respects
by the internal laws of the State of Delaware, without regard to the conflict of laws principles thereof. Each of the Parties:
(i) agrees that any legal suit, action or proceeding arising out of or relating to this Agreement will be instituted exclusively
in the Courts located in the County of New Castle, in the State of Delaware, or in the United States District Court located in
Wilmington, Delaware, (ii) waives any objection that if may have or hereafter to the venue of any such suit, action or proceeding,
and (iii) irrevocably consents to the jurisdiction of the Courts located in the County of New Castle, in the State of Delaware,
or in the United States District Court located in Wilmington, Delaware in any such suit, action or proceeding. Each the parties
further to accept and acknowledge service of any and all process that may be served in any suit, action or proceeding in the Courts
located in County of New Castle, in the State of Delaware, or in the United States District Court located in Wilmington, Delaware.
 

11. Binding
Effect. This Agreement will be binding upon and inure to the benefit of the Company, its successors and assigns and to the
Stockholder and their respective permitted heirs, personal representatives, successors and assigns.

12. Entire
Understanding. This Agreement sets forth the entire agreement and understanding of the parties hereto in respect of the subject
matter hereof and the transactions contemplated hereby and supersedes all prior written and oral agreements, arrangements and understandings
relating to the subject matter hereof.  This Agreement may not be changed orally, but may only be changed by an agreement
in writing signed by the party against whom enforcement of any waiver, change, modification or discharge is sought.

13. Remedies.
The parties hereto acknowledge that money damages are not an adequate remedy for violations of this Agreement and that any party
may, in such party’s sole discretion, apply to any court of competent jurisdiction for specific performance or injunctive
relief or such other relief as such court may deem just and proper in order to enforce this Agreement or prevent any violation
hereof and, to the extent permitted by applicable law, each party hereto waives any objection to the imposition of such relief.
All rights, powers and remedies provided under this Agreement or otherwise available in respect hereof, whether at law or in equity,
shall be cumulative and not alternative, and the exercise or beginning of the exercise of any thereof by any party hereto shall
not preclude the simultaneous or later exercise of any other such right, power or remedy by such party.

14. Counterparts.
This Agreement may be executed by facsimile and in any number of counterparts, each of which shall be deemed to be an original,
but all of which together shall constitute one and the same instrument. Each counterpart may consist of a number of copies each
signed by less than all, but together signed by all, of the parties hereto.

    	29

    	 

    

 

IN
WITNESS WHEREOF, this Agreement has been signed as of the date first above written.

BRAZIL INTERACTIVE MEDIA,
INC.

 

By: _________________________________       

Name:  Themistocles Psomiadis    

Title: Chief Executive Officer

 

IN
WITNESS WHEREOF, the undersigned have caused this Lock-Up Leak-Out Agreement to be duly executed by their respective
authorized signatories as of the date first indicated above.

Name of Stockholder: Cellcast
UK Limited

 

Signature of Authorized Signatory of Stockholder:  ____________________________

 

Name of Authorized Signatory:____________________________

 

Title of Authorized Signatory:____________________________

 

Telephone Number of Stockholder____________________________

 

Email Address of Stockholder:____________________________

 

Facsimile Number of Stockholder:____________________________

 

Address for Notice of Stockholder: 

    	30

    	 

    

 

 

 

Address for Delivery of Shares for Stockholder (if not
same as address for notice):

 

 

 

STOCKHOLDER’S
SPOUSE (if and as applicable):

The undersigned
spouse of the Stockholder has read and hereby approves the foregoing Agreement and agrees to be irrevocably bound by the Agreement
and further agrees that any community property interest shall be similarly bound by the Agreement. I hereby irrevocably appoint
my spouse as my attorney-in-fact with respect to any amendment or exercise of any rights under the Agreement.

 

Signature: ____________________________

 

Name:  ____________________________

 

Signature of Authorized Signatory
of Spouse: __________________________

    	31

    	 

    

EXHIBIT E

COMMON STOCK PURCHASE AGREEMENT

This Stock Purchase Agreement (this
“Agreement”), between Brazil Interactive
Media, Inc., a Delaware corporation (the “Company”),
and Cellcast UK Limited, a British limited company (the “Purchaser”),
is effective as of August 5, 2013 (“Closing Date”).

The parties agree as follows:

1.     
Sale of Stock. The Company hereby agrees to issue
and sell to the Purchaser and the Purchaser hereby agrees to purchase an aggregate of 1,000,000 shares of the Company’s Common
Stock par value $0.00001 per share (the “Shares”).

2.     
Purchase Consideration. The Purchase Consideration
for the Shares shall be the promises and covenants made in that certain Settlement Agreement and Release by and between the Company,
the Purchaser and certain other parties named therein, dated August 5, 2013, the sufficiency of which is hereby acknowledged.

3.     
Lock Up and Leak Out Agreement. The Purchaser hereby executes and enters into the Seller’s separate
Lock Up and Leak Out Agreement governing the sale and transfer of the Shares, such Lock Up and Leak Out Agreement being incorporated
by reference in its entirety herein as executed by the Purchaser. The sale of the Shares by the Seller to the Purchaser is conditional
upon the delivery of the executed Lock Up and Leak Out Agreement by the Purchaser to the Seller.

4.     
The Purchaser hereby represents, warrants, acknowledges and covenants to the Company (which representations, warranties,
acknowledgments and covenants shall be true and correct on the date thereof and at the Closing Date, with the same force and effect
as if they had been made as at the Closing Date and which shall survive Closing) and acknowledges that the Company and its counsel,
are relying thereon, that:

 

		(a)	The Purchaser is located outside the “United
States,” as such term is defined in Regulation S promulgated under the 1933 Act (“Regulation S”), and is not
a “U.S. person,” as such term is defined in Regulation S, and is not purchasing the Shares by or on behalf a person
inside the United States or a U.S. Person. The purchase of the Shares was conducted in an “offshore transaction,” as
such term is defined in Regulation S, such that when the offer to purchase the Shares was made, such Purchaser was not a person
within the United States, and at the time of purchase, the Purchaser is located outside the United States;

    	32

    	 

    

 

		(b)	The Purchaser is acquiring the Shares for its
own account for investment only and not with a view towards, or for resale in connection with, the public sale or distribution
thereof, except pursuant to sales registered or exempted under the 1933 Act, applicable state Shares laws and applicable foreign
Shares laws; provided, however, that by making the representations herein, such Purchaser reserves the right to dispose of all
or any part of the Shares at any time in accordance with or pursuant to an effective registration statement covering such Shares
or an available exemption under the 1933 Act, including, without limitation, Regulation S. The Purchaser further represents that
in consummating the transactions set forth herein: there is no intent to place the Shares offshore in an attempt to evade registration
requirements with the result that the incidents of ownership never leave the domestic market, or that all or a substantial portion
of any economic risk will be returned to the US market during the restricted period under Rule 903 or that there is no reasonable
expectation that the Shares could be viewed as actually coming to rest abroad. There is no intent on the part of the Purchaser
to enter into the transactions contemplated hereby for the purpose of “washing off” the resale restrictions through
the use of Rule 904. Nothing contained herein shall be deemed a representation or warranty by such Purchaser to hold the Shares
for any period of time, except that the Purchaser agrees that in connection with the resale of any Shares under Regulation S to
comply with the offering restrictions set forth in Regulation S, including Rule 903(b)(2), and to not sell any Shares during the
distribution compliance period as defined in Rule 903(b)(2) to a US person or for the account or benefit of a US person. Such Purchaser
is acquiring the Shares hereunder in the ordinary course of its business. Such Purchaser does not have any agreement or understanding,
directly or indirectly, with any person to distribute any of the Shares, in violation of United States federal or state Shares
laws or applicable Canadian or provincial Shares laws;

		(c)	The Purchaser has been independently advised
as to restrictions with respect to trading in the Shares imposed by applicable Shares legislation in the jurisdiction in which
it resides, confirms that no representation has been made to it by or on behalf of the Company with respect thereto, acknowledges
that it is aware of the characteristics of the Shares, the risks relating to an investment therein and of the fact that it may
not be able to resell the Shares except pursuant to exemptions under applicable legislation and regulatory policy and that the
Shares will be subject to resale restrictions and will bear a legend to this effect;

		(d)	The Purchaser understands that the Shares are
being offered and sold to it in reliance on specific exemptions or exclusions from the registration requirements of United States
federal and state Shares laws and applicable state and foreign laws and that the Company is relying in part upon the truth and
accuracy of, and such Purchaser’s compliance with, the representations, warranties, agreements, acknowledgments and understandings
of such Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility of such Purchaser
to acquire such Shares;

    	33

    	 

    

 

 

		(e)	The decision to execute this Agreement and purchase
the Shares agreed to be purchased hereunder has not been based upon any oral or written representation as to fact or otherwise
made by or on behalf of the Company, and that the decision is based entirely upon its review (the receipt of which is acknowledged)
of information provided to the Purchaser. The Purchaser understands that its investment in the Shares involves a high degree of
risk. The Purchaser has sought such accounting, legal and tax advice, as it has considered necessary, to make an informed investment
decision with respect to its acquisition of the Shares;

		(f)	The Purchaser understands that: (i) the Shares
have not been registered under the 1933 Act or any applicable state securities laws, and may not be offered for sale, sold, pledged,
assigned or otherwise transferred unless (A) subsequently registered thereunder, or (B) such Purchaser shall have delivered to
the Company an opinion of counsel in a form reasonably acceptable to the Company to the effect that such Shares to be sold, assigned,
pledged or otherwise transferred may be sold, assigned or transferred pursuant to an exemption from such registration requirements.
The Company reserves the right to place stop transfer instructions against the shares and certificates for the Shares;

		(g)	The Purchaser understands that the certificates
or other instruments representing the Shares and all certificates issued in substitution thereof and in exchange therefore shall
bear restrictive legends in substantially the following forms (and a stop ¬transfer order may be placed against transfer of
such share certificates), until such time as it is no longer required under applicable Shares laws:

THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE
SECURITIES LAWS. THEY MAY NOT BE SOLD, ASSIGNED, PLEDGED OR OTHERWISE TRANSFERRED FOR VALUE UNLESS THEY ARE REGISTERED UNDER THE
ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR UNLESS THE CORPORATION RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO IT, OR OTHERWISE
SATISFIES ITSELF, THAT AN EXEMPTION FROM REGISTRATION IS AVAILABLE. 

 

THE SALE, ASSIGNMENT, GIFT,
BEQUEST, TRANSFER, DISTRIBUTION, PLEDGE, HYPOTHECATION OR OTHER ENCUMBRANCE OR DISPOSITION OF THE SHARES REPRESENTED BY THIS CERTIFICATE
IS RESTRICTED BY AND MAY BE MADE ONLY IN ACCORDANCE WITH THE TERMS OF A LOCK-UP AGREEMENT, A COPY OF WHICH MAY BE EXAMINED AT THE
OFFICE OF THE CORPORATION.

    	34

    	 

    

 

The
legends set forth above shall be removed and the Company within two (2) business days shall issue a certificate without such legend
to the holder, unless the legend is otherwise required by state securities laws, (i) in connection with a sale transaction, provided
the Shares are registered under the 1933 Act and applicable state securities laws, or (ii) in connection with a sale transaction,
after such holder provides the Company with an opinion of counsel, which opinion shall be in form, substance and scope customary
for opinions of counsel in comparable transactions and reasonably acceptable to the Company, to the effect that a public sale,
assignment or transfer of the Shares may be made without registration under the 1933 Act;

 

		(h)	The Purchaser has not purchased the Shares as
a result of any form of general solicitation or general advertising, including advertisements, articles, notices or other communications
published in any newspaper, magazine or similar media or broadcast over radio or television, or any seminar or meeting whose attendees
have been invited by general solicitation or general advertising;

(i)                  
This Agreement is not enforceable by the Purchaser unless and until it
has been accepted by the Company;

		(j)	Is a resident at the address provided as the
Purchaser’s “Residential Address” or “Head Office Address”;

		(k)	If an individual, the Purchaser is of full age
of majority and is legally competent to execute this Agreement and take all action pursuant thereto;

		(l)	This Agreement has been duly and validly authorized,
executed and delivered by and constitutes a legal, valid, binding and enforceable obligation of the Purchaser;

		(m)	Understands that the sale and delivery of the
Shares is conditional upon such sale being exempt from the requirements as to the filing of a prospectus or upon the issuance of
such orders, consents or approvals as may be required to permit such sale without the requirement of filing a prospectus;

		(n)	If the Purchaser is a Company, syndicate, partnership
or other form of unincorporated organization, the person executing this Agreement on behalf of the Purchaser has the necessary
power and authority to do so and the investment contemplated hereby has been duly authorized by all necessary action of the undersigned;

		(o)	If required by applicable securities legislation,
policy or order or Shares commission, or other regulatory authority, the Purchaser will execute, deliver, file and otherwise assist
the Company in filing such reports, undertakings and other documents with respect to the issue of the Shares;

		(p)	It has had access to such additional
information and has made such investigations, if any, concerning the Company as it has considered necessary so as to make an informed

    	35

    	 

    
		(q)	investment decision in connection with an investment
in the Shares and it has not received, nor has it requested, nor does it have any need to receive, any other document describing
the business and affairs of the Company which has been prepared for delivery to, and review by, prospective purchasers in order
to assist them in making an investment decision with respect to the Shares;

		(r)	It has such knowledge and experience in financial
and business matters as to be capable of evaluating the merits and risks of an investment in the Shares and is able, by virtue
of its net worth and knowledge and experience in financial and business matters, to protect its own interests in connection with
the investment and bear the economic loss of such investment without substantially affecting its assets or business affairs;

		(s)	It consents to the Company making a notation
on its records or giving instructions to any transfer agent of the Shares and any Shares issuable in exchange therefore or in substitution
thereof in order to implement the restrictions on transfer set forth herein;

		(t)	As the Shares are subject to resale restrictions
under applicable securities legislation and policies the Purchaser shall comply with all relevant securities legislation and policies
concerning any resale of the Shares and shall consult with its own legal advisers with respect to such compliance; and

		(u)	The Purchaser acknowledges that the
foregoing representations, warranties and acknowledgments and covenants are made by it with the intent that they may be relied
upon in determining its eligibility to purchase the Shares under relevant securities legislation. The Purchaser further agrees
that by accepting the Shares subscribed for pursuant hereto, at the Closing Date, it shall be representing and warranting that
the foregoing representations, warranties and acknowledgments and covenants are true as at the Closing Date with the same force
and effect as if they had been made by it as at the Closing Date and will survive the completion of the sale of such Shares. The
Company shall be entitled to rely on the representations, warranties, acknowledgments and covenants of the Purchaser contained
hereto and the Purchaser shall indemnify and hold harmless the Company for any loss or damage it may suffer as a result of any
misrepresentation by the Purchaser.

5.  Registration
Rights. The Purchaser may be entitled to certain registration rights for the registration of the Shares if, within six
months from the issue date of the Shares, the Company files with the Commission a Registration Statement, under the
Securities Act for the resale of the Company’s Common Stock. In the event the Company does file such a
Registration Statement, the Purchaser will have certain “piggyback” registration rights allowing for their
respective Shares to be included in Registration Statement. Notwithstanding, the Purchaser acknowledges that the Company
shall only be permitted to register with the Securities and Exchange Commission an amount of the Company’s shares of
common stock that does not exceed the limitations imposed by Rule 415 and, as such, the Company may be required to limit and
cutback the amount of Shares that may be registered

    	36

    	 

    

pursuant to a particular Registration Statement, including Shares held by the Purchaser. The Company is under no
obligation to file a Registration Statement.

6.
Tax Consequences. The Purchaser has reviewed with the Purchaser’s own tax advisors the federal, state, local
and foreign tax consequences of this investment and the transactions contemplated by this Agreement. The Purchaser is relying
solely on such advisors and not on any statements or representations of the Company or any of its agents. The Purchaser
understands that the Purchaser (and not the Company) shall be responsible for the Purchaser’s own tax liability that
may arise as a result of this investment or the transactions contemplated by this Agreement.

7.
General Provisions.

This Agreement
shall be governed by the laws of Delaware.

This Agreement
represents the entire agreement between the parties with respect to the purchase of the Shares by the Purchaser and may only be
modified or amended in writing signed by both parties.

Any notice,
demand, offer, request or other communication required or permitted to be given by either the Company or the Purchaser pursuant
to the terms of this Agreement shall be in writing and shall be deemed effectively given the earlier of (i) when received,
(ii) when delivered personally, (iii) one business day after being delivered by facsimile (with receipt of appropriate
confirmation), (iv) one business day after being deposited with an overnight courier service or (v) four days after being
deposited in the U.S. mail, First Class with postage prepaid and return receipt requested, and addressed to the other party’s
address as set forth on the signature page to this Agreement, as may be updated by notice in accordance with this Agreement.

The rights
and benefits of the Company under this Agreement shall be transferable to any one or more persons or entities, and all covenants
and agreements hereunder shall inure to the benefit of, and be enforceable by the Company’s successors and assigns. The rights
and obligations of the Purchaser under this Agreement may only be assigned with the prior written consent of the Company.

Either party’s
failure to enforce any provision or provisions of this Agreement shall not in any way be construed as a waiver of any such provision
or provisions, nor prevent that party thereafter from enforcing each and every other provision of this Agreement. The rights granted
both parties herein are cumulative. Failure to enforce any provision or provisions of this Agreement shall not constitute a waiver
of either party’s right to assert all other legal remedies available to it under the circumstances.

    	37

    	 

    

 

The Purchaser
agrees upon request to execute any further documents or instruments necessary or desirable to carry out the purposes or intent
of this Agreement.

Should any
provision of this Agreement be found to be illegal or unenforceable, the other provisions shall nevertheless remain effective and
shall remain enforceable to the greatest extent permitted by law.

Any and all
controversies, claims, or disputes arising out of, relating to, or resulting from this Agreement shall be subject to binding arbitration
under the Arbitration Rules set forth in the Delaware Uniform Arbitration Act (the “Rules”)
and pursuant to Delaware law. Purchaser agrees that the arbitrator shall have the power to decide any motions brought by any party
to the arbitration, including motions for summary judgment and/or adjudication and motions to dismiss and demurrers, prior to any
arbitration hearing. Purchaser also agrees that the arbitrator shall have the power to award any remedies, including attorneys’
fees and costs, available under applicable law. Purchaser understands that each party shall bear its own costs and expenses, including
attorney’s fees, incurred in connection with any Arbitration. The decision of the arbitrator shall be in writing. Except
as provided by the Rules, arbitration shall be the sole, exclusive and final remedy for any dispute under this Agreement. Accordingly,
except as provided for by the Rules, neither the Purchaser nor the Company will be permitted to pursue court action regarding this
Agreement. In addition to the right under the Rules to petition a court for provisional relief, the Purchaser agrees that any party
may also petition a court for injunctive relief where either party alleges or claims a violation of any confidential information
or invention assignment agreement between the Purchaser and the Company or any other agreement regarding trade secrets, confidential
information, or non-solicitation. In the event either party seeks injunctive relief, the prevailing party shall be entitled to
recover reasonable costs and attorney’s fees.

This Agreement
may be executed in one or more counterparts, each of which will be deemed an original, but all of which together will constitute
one and the same agreement. Facsimile copies of signed signature pages shall be binding originals.

 

(Signature
Page Follows)

    	38

    	 

    

IN WITNESS WHEREOF, the parties have duly executed
this Stock Purchase Agreement as of the day and year first set forth above.

 

 

 

BRAZIL INTERACTIVE
MEDIA, INC.

 

 

 

Themistocles Psomiadis, CEO

 

 

 

 

CELLCAST UK LIMITED

 

 

____________________________________________

Andrew Wilson, CEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	39

    	 

    

 

EXHIBITS F1 TO F11

INDIVIDUAL RELEASES

 

EXHIBIT F1

RELEASE BY CELLCAST UK LIMITED

RELEASE

THIS RELEASE
(hereinafter, the "Release") is made as of August __, 2013, by Cellcast UK Limited (“Releasor”) in favor
of Dutchess Advisors LLC, Dutchess Opportunity Fund II LP, Dutchess Global Strategies Fund LLC, Douglas H. Leighton, Michael Novielli,
Brazil Interactive Media, Inc., Themistocles Psomiadis, Alan T. Hawkins, EsoTV Brasil Promoção Publicidade Licenciamento
e Comércio Ltda., Brazil Interactive Holdings, LLC, Andrea Villas Boas and Percival Palesel (“Released Parties”).

RECITALS:

Releasor has entered
into a Settlement Agreement dated August __, 2013 (“Settlement Agreement”) with the Released Parties, to which this
Release is attached and incorporated as Exhibit F1 and, as a condition to such Settlement Agreement, Releasor grants this release
in favor of the Released Parties.

NOW, THEREFORE,
Releasor agrees as follows:

1. In consideration
of the payments set forth in the Settlement Agreement, Releasor hereby completely releases and forever discharges the Released
Parties from any and all past, present or future claims, demands, obligations, actions, causes of action, rights, damages, costs,
loss of services, expenses and compensation of any nature whatsoever, whether based on a tort, contract or other theory of recovery,
which the Releasor now have, or which may hereafter accrue or otherwise be acquired, on account of, or may in any way grow out
of, or which are the subject of the Releasor’s allegation (and all related matters) including, without limitation, any and
all known or unknown claims for Releasor, or any future claim of Releasor’s representatives, affiliates, subsidiaries or
assigns, which have resulted or may result from any alleged acts or omissions of the Released Parties.

2. This release and
discharge shall also apply to the Released Parties’ past, present and future officers, directors, stockholders, attorneys,
agents, servants, representatives, employees,

    	40

    	 

    

 

subsidiaries, affiliates, partners, predecessors
and successors in interest, heirs and assigns and all other persons, firms or corporations with whom any of the former have been,
are now, or may hereafter be affiliated.

3. This release, on
the part of the Releasor, shall be a fully binding and complete settlement among the Releasor, the Released Parties, and their
affiliates, subsidiaries, assigns and successors.

4. The Releasor acknowledges
and agrees that the release and discharge set forth above is a general release. Releasor expressly waives and assumes the risk
of any and all claims for damages which exist as of this date, but of which the Releasor does not know or suspect to exist, whether
through ignorance, oversight, error, negligence, or otherwise, and which, if known, would materially affect Releasor’s decision
to enter into the Settlement Agreement. The Releasor further agrees that Releasor has accepted payment of the sums specified herein
as a complete compromise of matters involving disputed issues of law and fact. Releasor assumes the risk that the facts or law
may be other than Releasor believe. It is understood and agreed to by the parties that this settlement is a compromise of a disputed
claim, and the payments are not to be construed as an admission of liability on the part of the Released Parties, by whom liability
is expressly denied.

5. Releasor represents, warrants and covenants
that it has not heretofore assigned or transferred, or purported to assign or transfer, and will not hereafter purport to assign
or transfer, to any person or entity, any claim or other matter intended to be released hereby, or any portion thereof or interest
therein. Releasor covenants and agrees that it will not file any complaint, charge, or claim against the Releasees or any of them
with any court, agency or administrative or decision-making entity or person related to the matter intended to be released hereby.

IN WITNESS WHEREOF,
Releasor has executed this Release on the day and year first set forth above.

CELLCAST UK LIMITED

 

 

________________________________

Andrew Wilson, CEO

    	41

    	 

    

 

EXHIBIT F2

RELEASE BY SKY TELEMEDIA (UK)
LIMITED

RELEASE

THIS RELEASE
(hereinafter, the "Release") is made as of August 5, 2013, by Sky Telemedia (UK) Limited (“Releasor”) in
favor of Dutchess Advisors LLC, Dutchess Opportunity Fund II LP, Dutchess Global Strategies Fund LLC, Douglas H. Leighton, Michael
Novielli, Brazil Interactive Media, Inc., Themistocles Psomiadis, Alan T. Hawkins, EsoTV Brasil Promoção Publicidade
Licenciamento e Comércio Ltda., Brazil Interactive Holdings, LLC, Andrea Villas Boas and Percival Palesel (“Released
Parties”).

RECITALS:

Releasor has entered
into a Settlement Agreement dated August __, 2013 (“Settlement Agreement”) with the Released Parties, to which this
Release is attached and incorporated as Exhibit F2 and, as a condition to such Settlement Agreement, Releasor grants this release
in favor of the Released Parties.

NOW, THEREFORE,
Releasor agrees as follows:

1. In consideration
of the payments set forth in the Settlement Agreement, Releasor hereby completely releases and forever discharges the Released
Parties from any and all past, present or future claims, demands, obligations, actions, causes of action, rights, damages, costs,
loss of services, expenses and compensation of any nature whatsoever, whether based on a tort, contract or other theory of recovery,
which the Releasor now have, or which may hereafter accrue or otherwise be acquired, on account of, or may in any way grow out
of, or which are the subject of the Releasor’s allegation (and all related matters) including, without limitation, any and
all known or unknown claims for Releasor, or any future claim of Releasor’s representatives, affiliates, subsidiaries or
assigns, which have resulted or may result from any alleged acts or omissions of the Released Parties.

2. This release and
discharge shall also apply to the Released Parties’ past, present and future officers, directors, stockholders, attorneys,
agents, servants, representatives, employees, subsidiaries, affiliates, partners, predecessors and successors in interest, heirs
and assigns and all other persons, firms or corporations with whom any of the former have been, are now, or may hereafter be affiliated.

    	42

    	 

    

3. This release, on
the part of the Releasor, shall be a fully binding and complete settlement among the Releasor, the Released Parties, and their
affiliates, subsidiaries, assigns and successors.

4. The Releasor acknowledges
and agrees that the release and discharge set forth above is a general release. Releasor expressly waives and assumes the risk
of any and all claims for damages which exist as of this date, but of which the Releasor does not know or suspect to exist, whether
through ignorance, oversight, error, negligence, or otherwise, and which, if known, would materially affect Releasor’s decision
to enter into the Settlement Agreement. The Releasor further agrees that Releasor has accepted payment of the sums specified herein
as a complete compromise of matters involving disputed issues of law and fact. Releasor assumes the risk that the facts or law
may be other than Releasor believe. It is understood and agreed to by the parties that this settlement is a compromise of a disputed
claim, and the payments are not to be construed as an admission of liability on the part of the Released Parties, by whom liability
is expressly denied.

5. Releasor represents,
warrants and covenants that it has not heretofore assigned or transferred, or purported to assign or transfer, and will not hereafter
purport to assign or transfer, to any person or entity, any claim or other matter intended to be released hereby, or any portion
thereof or interest therein. Releasor covenants and agrees that it will not file any complaint, charge, or claim against the Releasees
or any of them with any court, agency or administrative or decision-making entity or person related to the matter intended to be
released hereby.

IN WITNESS WHEREOF,
Releasor has executed this Release on the day and year first set forth above.

 

SKY TELEMEDIA (UK)
LIMITED

 

________________________________

Craig Gardiner, Director

 

 

 

    	43

    	 

    

 

EXHIBIT F3

RELEASE BY CELLCAST PLC

RELEASE

THIS RELEASE
(hereinafter, the "Release") is made as August __, 2013, by Cellcast PLC (“Releasor”) in favor of Dutchess
Advisors LLC, Dutchess Opportunity Fund II LP, Dutchess Global Strategies Fund LLC, Douglas H. Leighton, Michael Novielli, Brazil
Interactive Media, Inc., Themistocles Psomiadis, Alan T. Hawkins, EsoTV Brasil Promoção Publicidade Licenciamento
e Comércio Ltda., Brazil Interactive Holdings, LLC, Andrea Villas Boas and Percival Palesel (“Released Parties”).

RECITALS

Releasor has entered
into a Settlement Agreement dated August __, 2013 (“Settlement Agreement”) with the Released Parties, to which this
Release is attached and incorporated as Exhibit F3 and, as a condition to such Settlement Agreement, Releasor grants this release
in favor of the Released Parties.

NOW, THEREFORE,
Releasor agrees as follows:

1. In consideration
of the payments set forth in the Settlement Agreement, Releasor hereby completely releases and forever discharges the Released
Parties from any and all past, present or future claims, demands, obligations, actions, causes of action, rights, damages, costs,
loss of services, expenses and compensation of any nature whatsoever, whether based on a tort, contract or other theory of recovery,
which the Releasor now have, or which may hereafter accrue or otherwise be acquired, on account of, or may in any way grow out
of, or which are the subject of the Releasor’s allegation (and all related matters) including, without limitation, any and
all known or unknown claims for Releasor, or any future claim of Releasor’s representatives, affiliates, subsidiaries or
assigns, which have resulted or may result from any alleged acts or omissions of the Released Parties.

    	44

    	 

    

2. This release and
discharge shall also apply to the Released Parties’ past, present and future officers, directors, stockholders, attorneys,
agents, servants, representatives, employees, subsidiaries, affiliates, partners, predecessors and successors in interest, heirs
and assigns and all other persons, firms or corporations with whom any of the former have been, are now, or may hereafter be affiliated.

3. This release, on
the part of the Releasor, shall be a fully binding and complete settlement among the Releasor, the Released Parties, and their
affiliates, subsidiaries, assigns and successors.

4. The Releasor acknowledges
and agrees that the release and discharge set forth above is a general release. Releasor expressly waives and assumes the risk
of any and all claims for damages which exist as of this date, but of which the Releasor does not know or suspect to exist, whether
through ignorance, oversight, error, negligence, or otherwise, and which, if known, would materially affect Releasor’s decision
to enter into the Settlement Agreement. The Releasor further agrees that Releasor has accepted payment of the sums specified herein
as a complete compromise of matters involving disputed issues of law and fact. Releasor assumes the risk that the facts or law
may be other than Releasor believe. It is understood and agreed to by the parties that this settlement is a compromise of a disputed
claim, and the payments are not to be construed as an admission of liability on the part of the Released Parties, by whom liability
is expressly denied.

5. Releasor represents,
warrants and covenants that it has not heretofore assigned or transferred, or purported to assign or transfer, and will not hereafter
purport to assign or transfer, to any person or entity, any claim or other matter intended to be released hereby, or any portion
thereof or interest therein. Releasor covenants and agrees that it will not file any complaint, charge, or claim against the Releasees
or any of them with any court, agency or administrative or decision-making entity or person related to the matter intended to be
released hereby.

IN WITNESS WHEREOF,
Releasor has executed this Release on the day and year first set forth above.

 

CELLCAST PLC

 

________________________________

Andrew Wilson, CEO

 

 

    	45

    	 

    

 

EXHIBIT F4

RELEASE BY ESOTV

RELEASE

THIS RELEASE
(hereinafter, the "Release") is made as of August __, 2013, by EsoTV Brasil Promoção Publicidade Licenciamento
e Comércio Ltda. (“Releasor”) in favor of Cellcast UK Limited, Cellcast PLC, and Sky Telemedia (UK) Limited
(“Released Parties”).

RECITALS

Releasor has entered
into a Settlement Agreement dated August __, 2013 (“Settlement Agreement”) with the Released Parties, to which this
Release is attached and incorporated as Exhibit F4 and, as a condition to such Settlement Agreement, Releasor grants this release
in favor of the Released Parties.

NOW, THEREFORE,
Releasor agrees as follows:

1. In consideration
of the payments set forth in the Settlement Agreement, Releasor hereby completely releases and forever discharges the Released
Parties from any and all past, present or future claims, demands, obligations, actions, causes of action, rights, damages, costs,
loss of services, expenses and compensation of any nature whatsoever, whether based on a tort, contract or other theory of recovery,
which the Releasor now have, or which may hereafter accrue or otherwise be acquired, on account of, or may in any way grow out
of, or which are the subject of the Releasor’s allegation (and all related matters) including, without limitation, any and
all known or unknown claims for Releasor, or any future claim of Releasor’s representatives, affiliates, subsidiaries or
assigns, which have resulted or may result from any alleged acts or omissions of the Released Parties.

2. This release and
discharge shall also apply to the Released Parties’ past, present and future officers, directors, stockholders, attorneys,
agents, servants, representatives, employees, subsidiaries, affiliates, partners, predecessors and successors in interest, heirs
and assigns and all other persons, firms or corporations with whom any of the former have been, are now, or may hereafter be affiliated.

3. This release, on
the part of the Releasor, shall be a fully binding and complete settlement among the Releasor, the Released Parties, and their
affiliates, subsidiaries, assigns and successors.

    	46

    	 

    

4. The Releasor acknowledges
and agrees that the release and discharge set forth above is a general release. Releasor expressly waives and assumes the risk
of any and all claims for damages which exist as of this date, but of which the Releasor does not know or suspect to exist, whether
through ignorance, oversight, error, negligence, or otherwise, and which, if known, would materially affect Releasor’s decision
to enter into the Settlement Agreement. The Releasor further agrees that Releasor has accepted payment of the sums specified herein
as a complete compromise of matters involving disputed issues of law and fact. Releasor assumes the risk that the facts or law
may be other than Releasor believe. It is understood and agreed to by the parties that this settlement is a compromise of a disputed
claim, and the payments are not to be construed as an admission of liability on the part of the Released Parties, by whom liability
is expressly denied.

5. Releasor represents,
warrants and covenants that it has not heretofore assigned or transferred, or purported to assign or transfer, and will not hereafter
purport to assign or transfer, to any person or entity, any claim or other matter intended to be released hereby, or any portion
thereof or interest therein. Releasor covenants and agrees that it will not file any complaint, charge, or claim against the Releasees
or any of them with any court, agency or administrative or decision-making entity or person related to the matter intended to be
released hereby.

IN WITNESS WHEREOF,
Releasor has executed this Release on the day and year first set forth above.

 

ESOTV BRASIL PROMOÇÃO
PUBLICIDADE LICENCIAMENTO E COMÉRCIO LTDA.

 

_______________________________________________

Daniel Kiesk, CEO

 

 

 

 

    	47

    	 

    

 

EXHIBIT F5

RELEASE BY BIMI

RELEASE

THIS RELEASE
(hereinafter, the "Release") is made as of August __, 2013, by Brazil Interactive Media, Inc. (“Releasor”)
in favor of Cellcast UK Limited, Cellcast PLC, and Sky Telemedia (UK) Limited (“Released Parties”).

RECITALS

Releasor has entered
into a Settlement Agreement dated August __, 2013 (“Settlement Agreement”) with the Released Parties, to which this
Release is attached and incorporated as Exhibit F5 and, as a condition to such Settlement Agreement, Releasor grants this release
in favor of the Released Parties.

NOW, THEREFORE,
Releasor agrees as follows:

1. In consideration
of the payments set forth in the Settlement Agreement, Releasor hereby completely releases and forever discharges the Released
Parties from any and all past, present or future claims, demands, obligations, actions, causes of action, rights, damages, costs,
loss of services, expenses and compensation of any nature whatsoever, whether based on a tort, contract or other theory of recovery,
which the Releasor now have, or which may hereafter accrue or otherwise be acquired, on account of, or may in any way grow out
of, or which are the subject of the Releasor’s allegation (and all related matters) including, without limitation, any and
all known or unknown claims for Releasor, or any future claim of Releasor’s representatives, affiliates, subsidiaries or
assigns, which have resulted or may result from any alleged acts or omissions of the Released Parties.

2. This release and
discharge shall also apply to the Released Parties’ past, present and future officers, directors, stockholders, attorneys,
agents, servants, representatives, employees, subsidiaries, affiliates, partners, predecessors and successors in interest, heirs
and assigns and all other persons, firms or corporations with whom any of the former have been, are now, or may hereafter be affiliated.

3. This release, on
the part of the Releasor, shall be a fully binding and complete settlement among the Releasor, the Released Parties, and their
affiliates, subsidiaries, assigns and successors.

    	48

    	 

    

4. The Releasor acknowledges
and agrees that the release and discharge set forth above is a general release. Releasor expressly waives and assumes the risk
of any and all claims for damages which exist as of this date, but of which the Releasor does not know or suspect to exist, whether
through ignorance, oversight, error, negligence, or otherwise, and which, if known, would materially affect Releasor’s decision
to enter into the Settlement Agreement. The Releasor further agrees that Releasor has accepted payment of the sums specified herein
as a complete compromise of matters involving disputed issues of law and fact. Releasor assumes the risk that the facts or law
may be other than Releasor believe. It is understood and agreed to by the parties that this settlement is a compromise of a disputed
claim, and the payments are not to be construed as an admission of liability on the part of the Released Parties, by whom liability
is expressly denied.

5. Releasor represents,
warrants and covenants that it has not heretofore assigned or transferred, or purported to assign or transfer, and will not hereafter
purport to assign or transfer, to any person or entity, any claim or other matter intended to be released hereby, or any portion
thereof or interest therein. Releasor covenants and agrees that it will not file any complaint, charge, or claim against the Releasees
or any of them with any court, agency or administrative or decision-making entity or person related to the matter intended to be
released hereby.

IN WITNESS WHEREOF,
Releasor has executed this Release on the day and year first set forth above.

 

BRAZIL INTERACTIVE MEDIA, INC.

 

_____________________________________

Themistocles Psomiadis,
CEO 

 

 

 

 

    	49

    	 

    

 

EXHIBIT F6

RELEASE BY BIH

RELEASE

THIS RELEASE
(hereinafter, the "Release") is made as of August __, 2013, by Brazil Interactive Holdings LLC (“Releasor”)
in favor of Cellcast UK Limited, Cellcast PLC, and Sky Telemedia (UK) Limited (“Released Parties”).

RECITALS

Releasor has entered
into a Settlement Agreement dated August __, 2013 (“Settlement Agreement”) with the Released Parties, to which this
Release is attached and incorporated as Exhibit F6 and, as a condition to such Settlement Agreement, Releasor grants this release
in favor of the Released Parties.

NOW, THEREFORE,
Releasor agrees as follows:

1. In consideration
of the payments set forth in the Settlement Agreement, Releasor hereby completely releases and forever discharges the Released
Parties from any and all past, present or future claims, demands, obligations, actions, causes of action, rights, damages, costs,
loss of services, expenses and compensation of any nature whatsoever, whether based on a tort, contract or other theory of recovery,
which the Releasor now have, or which may hereafter accrue or otherwise be acquired, on account of, or may in any way grow out
of, or which are the subject of the Releasor’s allegation (and all related matters) including, without limitation, any and
all known or unknown claims for Releasor, or any future claim of Releasor’s representatives, affiliates, subsidiaries or
assigns, which have resulted or may result from any alleged acts or omissions of the Released Parties.

2. This release and
discharge shall also apply to the Released Parties’ past, present and future officers, directors, stockholders, attorneys,
agents, servants, representatives, employees, subsidiaries, affiliates, partners, predecessors and successors in interest, heirs
and assigns and all other persons, firms or corporations with whom any of the former have been, are now, or may hereafter be affiliated.

3. This release, on
the part of the Releasor, shall be a fully binding and complete settlement among the Releasor, the Released Parties, and their
affiliates, subsidiaries, assigns and successors.

    	50

    	 

    

4. The Releasor acknowledges
and agrees that the release and discharge set forth above is a general release. Releasor expressly waives and assumes the risk
of any and all claims for damages which exist as of this date, but of which the Releasor does not know or suspect to exist, whether
through ignorance, oversight, error, negligence, or otherwise, and which, if known, would materially affect Releasor’s decision
to enter into the Settlement Agreement. The Releasor further agrees that Releasor has accepted payment of the sums specified herein
as a complete compromise of matters involving disputed issues of law and fact. Releasor assumes the risk that the facts or law
may be other than Releasor believe. It is understood and agreed to by the parties that this settlement is a compromise of a disputed
claim, and the payments are not to be construed as an admission of liability on the part of the Released Parties, by whom liability
is expressly denied.

5. Releasor represents,
warrants and covenants that it has not heretofore assigned or transferred, or purported to assign or transfer, and will not hereafter
purport to assign or transfer, to any person or entity, any claim or other matter intended to be released hereby, or any portion
thereof or interest therein. Releasor covenants and agrees that it will not file any complaint, charge, or claim against the Releasees
or any of them with any court, agency or administrative or decision-making entity or person related to the matter intended to be
released hereby.

IN WITNESS WHEREOF,
Releasor has executed this Release on the day and year first set forth above.

 

 

 

 

BRAZIL INTERACTIVE HOLDINGS LLC

 

_____________________________________

Andrea Villas Boas,
Sole Member 

 

 

 

 

 

 

    	51

    	 

    

 

EXHIBIT F7

 

RELEASE BY DUTCHESS ADVISORS LLC

RELEASE

THIS RELEASE
(hereinafter, the "Release") is made as of August __, 2013, by Dutchess Advisors LLC (“Releasor”) in favor
of Cellcast UK Limited, Cellcast PLC, and Sky Telemedia (UK) Limited (“Released Parties”).

RECITALS

Releasor has entered
into a Settlement Agreement dated August __, 2013 (“Settlement Agreement”) with the Released Parties, to which this
Release is attached and incorporated as Exhibit F7 and, as a condition to such Settlement Agreement, Releasor grants this release
in favor of the Released Parties.

NOW, THEREFORE,
Releasor agrees as follows:

1. In consideration
of the payments set forth in the Settlement Agreement, Releasor hereby completely releases and forever discharges the Released
Parties from any and all past, present or future claims, demands, obligations, actions, causes of action, rights, damages, costs,
loss of services, expenses and compensation of any nature whatsoever, whether based on a tort, contract or other theory of recovery,
which the Releasor now have, or which may hereafter accrue or otherwise be acquired, on account of, or may in any way grow out
of, or which are the subject of the Releasor’s allegation (and all related matters) including, without limitation, any and
all known or unknown claims for Releasor, or any future claim of Releasor’s representatives, affiliates, subsidiaries or
assigns, which have resulted or may result from any alleged acts or omissions of the Released Parties.

2. This release and
discharge shall also apply to the Released Parties’ past, present and future officers, directors, stockholders, attorneys,
agents, servants, representatives, employees, subsidiaries, affiliates, partners, predecessors and successors in interest, heirs
and assigns and all other persons, firms or corporations with whom any of the former have been, are now, or may hereafter be affiliated.

3. This release, on
the part of the Releasor, shall be a fully binding and complete settlement among the Releasor, the Released Parties, and their
affiliates, subsidiaries, assigns and successors.

    	52

    	 

    

4. The Releasor acknowledges
and agrees that the release and discharge set forth above is a general release. Releasor expressly waives and assumes the risk
of any and all claims for damages which exist as of this date, but of which the Releasor does not know or suspect to exist, whether
through ignorance, oversight, error, negligence, or otherwise, and which, if known, would materially affect Releasor’s decision
to enter into the Settlement Agreement. The Releasor further agrees that Releasor has accepted payment of the sums specified herein
as a complete compromise of matters involving disputed issues of law and fact. Releasor assumes the risk that the facts or law
may be other than Releasor believe. It is understood and agreed to by the parties that this settlement is a compromise of a disputed
claim, and the payments are not to be construed as an admission of liability on the part of the Released Parties, by whom liability
is expressly denied.

5. Releasor represents,
warrants and covenants that it has not heretofore assigned or transferred, or purported to assign or transfer, and will not hereafter
purport to assign or transfer, to any person or entity, any claim or other matter intended to be released hereby, or any portion
thereof or interest therein. Releasor covenants and agrees that it will not file any complaint, charge, or claim against the Releasees
or any of them with any court, agency or administrative or decision-making entity or person related to the matter intended to be
released hereby.

 

IN WITNESS WHEREOF,
Releasor has executed this Release on the day and year first set forth above.

Dutchess Advisors
LLC

 

________________________________

Michael Novielli,
Director

 

 

 

 

 

 

    	53

    	 

    

 

EXHIBIT F8

RELEASE BY DUTCHESS OPPORTUNITY
FUND II LP

RELEASE

THIS RELEASE
(hereinafter, the "Release") is made as of August __, 2013, by Dutchess Opportunity Fund II LP (“Releasor”)
in favor of Cellcast UK Limited, Cellcast PLC, and Sky Telemedia (UK) Limited (“Released Parties”).

RECITALS

Releasor has entered
into a Settlement Agreement dated August __, 2013 (“Settlement Agreement”) with the Released Parties, to which this
Release is attached and incorporated as Exhibit F8 and, as a condition to such Settlement Agreement, Releasor grants this release
in favor of the Released Parties.

NOW, THEREFORE,
Releasor agrees as follows:

1. In consideration
of the payments set forth in the Settlement Agreement, Releasor hereby completely releases and forever discharges the Released
Parties from any and all past, present or future claims, demands, obligations, actions, causes of action, rights, damages, costs,
loss of services, expenses and compensation of any nature whatsoever, whether based on a tort, contract or other theory of recovery,
which the Releasor now have, or which may hereafter accrue or otherwise be acquired, on account of, or may in any way grow out
of, or which are the subject of the Releasor’s allegation (and all related matters) including, without limitation, any and
all known or unknown claims for Releasor, or any future claim of Releasor’s representatives, affiliates, subsidiaries or
assigns, which have resulted or may result from any alleged acts or omissions of the Released Parties.

2. This release and
discharge shall also apply to the Released Parties’ past, present and future officers, directors, stockholders, attorneys,
agents, servants, representatives, employees, subsidiaries, affiliates, partners, predecessors and successors in interest, heirs
and assigns and all other persons, firms or corporations with whom any of the former have been, are now, or may hereafter be affiliated.

3. This release, on
the part of the Releasor, shall be a fully binding and complete settlement among the Releasor, the Released Parties, and their
affiliates, subsidiaries, assigns and successors.

    	54

    	 

    

4. The Releasor acknowledges
and agrees that the release and discharge set forth above is a general release. Releasor expressly waives and assumes the risk
of any and all claims for damages which exist as of this date, but of which the Releasor does not know or suspect to exist, whether
through ignorance, oversight, error, negligence, or otherwise, and which, if known, would materially affect Releasor’s decision
to enter into the Settlement Agreement. The Releasor further agrees that Releasor has accepted payment of the sums specified herein
as a complete compromise of matters involving disputed issues of law and fact. Releasor assumes the risk that the facts or law
may be other than Releasor believe. It is understood and agreed to by the parties that this settlement is a compromise of a disputed
claim, and the payments are not to be construed as an admission of liability on the part of the Released Parties, by whom liability
is expressly denied.

5. Releasor represents,
warrants and covenants that it has not heretofore assigned or transferred, or purported to assign or transfer, and will not hereafter
purport to assign or transfer, to any person or entity, any claim or other matter intended to be released hereby, or any portion
thereof or interest therein. Releasor covenants and agrees that it will not file any complaint, charge, or claim against the Releasees
or any of them with any court, agency or administrative or decision-making entity or person related to the matter intended to be
released hereby.

 

IN WITNESS WHEREOF,
Releasor has executed this Release on the day and year first set forth above.

Dutchess Opportunity
Fund II LP

 

________________________________

Michael Novielli,
Director

 

 

 

 

 

    	55

    	 

    

 

EXHIBIT F9

RELEASE BY DUTCHESS GLOBAL STRATEGIES
FUND LLC

RELEASE

THIS RELEASE
(hereinafter, the "Release") is made as of August __, 2013, by Dutchess Global Strategies Fund LLC (“Releasor”)
in favor of Cellcast UK Limited, Cellcast PLC, and Sky Telemedia (UK) Limited (“Released Parties”).

RECITALS

Releasor has entered
into a Settlement Agreement dated August __, 2013 (“Settlement Agreement”) with the Released Parties, to which this
Release is attached and incorporated as Exhibit F9 and, as a condition to such Settlement Agreement, Releasor grants this release
in favor of the Released Parties.

NOW, THEREFORE,
Releasor agrees as follows:

1. In consideration
of the payments set forth in the Settlement Agreement, Releasor hereby completely releases and forever discharges the Released
Parties from any and all past, present or future claims, demands, obligations, actions, causes of action, rights, damages, costs,
loss of services, expenses and compensation of any nature whatsoever, whether based on a tort, contract or other theory of recovery,
which the Releasor now have, or which may hereafter accrue or otherwise be acquired, on account of, or may in any way grow out
of, or which are the subject of the Releasor’s allegation (and all related matters) including, without limitation, any and
all known or unknown claims for Releasor, or any future claim of Releasor’s representatives, affiliates, subsidiaries or
assigns, which have resulted or may result from any alleged acts or omissions of the Released Parties.

2. This release and
discharge shall also apply to the Released Parties’ past, present and future officers, directors, stockholders, attorneys,
agents, servants, representatives, employees, subsidiaries, affiliates, partners, predecessors and successors in interest, heirs
and assigns and all other persons, firms or corporations with whom any of the former have been, are now, or may hereafter be affiliated.

3. This release, on
the part of the Releasor, shall be a fully binding and complete settlement among the Releasor, the Released Parties, and their
affiliates, subsidiaries, assigns and successors.

    	56

    	 

    

4. The Releasor acknowledges
and agrees that the release and discharge set forth above is a general release. Releasor expressly waives and assumes the risk
of any and all claims for damages which exist as of this date, but of which the Releasor does not know or suspect to exist, whether
through ignorance, oversight, error, negligence, or otherwise, and which, if known, would materially affect Releasor’s decision
to enter into the Settlement Agreement. The Releasor further agrees that Releasor has accepted payment of the sums specified herein
as a complete compromise of matters involving disputed issues of law and fact. Releasor assumes the risk that the facts or law
may be other than Releasor believe. It is understood and agreed to by the parties that this settlement is a compromise of a disputed
claim, and the payments are not to be construed as an admission of liability on the part of the Released Parties, by whom liability
is expressly denied.

5. Releasor represents,
warrants and covenants that it has not heretofore assigned or transferred, or purported to assign or transfer, and will not hereafter
purport to assign or transfer, to any person or entity, any claim or other matter intended to be released hereby, or any portion
thereof or interest therein. Releasor covenants and agrees that it will not file any complaint, charge, or claim against the Releasees
or any of them with any court, agency or administrative or decision-making entity or person related to the matter intended to be
released hereby.

 

IN WITNESS WHEREOF,
Releasor has executed this Release on the day and year first set forth above.

Dutchess Global Strategies
Fund LLC

 

________________________________

Michael Novielli,
Member

 

 

 

 

 

 

    	57

    	 

    

 

EXHIBIT F10

RELEASE BY DOUGLAS H. LEIGHTON

RELEASE

THIS RELEASE
(hereinafter, the "Release") is made as of August __, 2013, by Douglas H. Leighton (“Releasor”) in favor
of Cellcast UK Limited, Cellcast PLC, and Sky Telemedia (UK) Limited (“Released Parties”).

RECITALS

Releasor has entered
into a Settlement Agreement dated August __, 2013 (“Settlement Agreement”) with the Released Parties, to which this
Release is attached and incorporated as Exhibit F10 and, as a condition to such Settlement Agreement, Releasor grants this release
in favor of the Released Parties.

NOW, THEREFORE,
Releasor agrees as follows:

1. In consideration
of the payments set forth in the Settlement Agreement, Releasor hereby completely releases and forever discharges the Released
Parties from any and all past, present or future claims, demands, obligations, actions, causes of action, rights, damages, costs,
loss of services, expenses and compensation of any nature whatsoever, whether based on a tort, contract or other theory of recovery,
which the Releasor now have, or which may hereafter accrue or otherwise be acquired, on account of, or may in any way grow out
of, or which are the subject of the Releasor’s allegation (and all related matters) including, without limitation, any and
all known or unknown claims for Releasor, or any future claim of Releasor’s representatives, affiliates, subsidiaries or
assigns, which have resulted or may result from any alleged acts or omissions of the Released Parties.

2. This release and
discharge shall also apply to the Released Parties’ past, present and future officers, directors, stockholders, attorneys,
agents, servants, representatives, employees, subsidiaries, affiliates, partners, predecessors and successors in interest, heirs
and assigns and all other persons, firms or corporations with whom any of the former have been, are now, or may hereafter be affiliated.

3. This release, on
the part of the Releasor, shall be a fully binding and complete settlement among the Releasor, the Released Parties, and their
affiliates, subsidiaries, assigns and successors.

    	58

    	 

    

4. The Releasor acknowledges
and agrees that the release and discharge set forth above is a general release. Releasor expressly waives and assumes the risk
of any and all claims for damages which exist as of this date, but of which the Releasor does not know or suspect to exist, whether
through ignorance, oversight, error, negligence, or otherwise, and which, if known, would materially affect Releasor’s decision
to enter into the Settlement Agreement. The Releasor further agrees that Releasor has accepted payment of the sums specified herein
as a complete compromise of matters involving disputed issues of law and fact. Releasor assumes the risk that the facts or law
may be other than Releasor believe. It is understood and agreed to by the parties that this settlement is a compromise of a disputed
claim, and the payments are not to be construed as an admission of liability on the part of the Released Parties, by whom liability
is expressly denied.

5. Releasor represents,
warrants and covenants that it has not heretofore assigned or transferred, or purported to assign or transfer, and will not hereafter
purport to assign or transfer, to any person or entity, any claim or other matter intended to be released hereby, or any portion
thereof or interest therein. Releasor covenants and agrees that it will not file any complaint, charge, or claim against the Releasees
or any of them with any court, agency or administrative or decision-making entity or person related to the matter intended to be
released hereby.

 

IN WITNESS WHEREOF,
Releasor has executed this Release on the day and year first set forth above.

Douglas H. Leighton

 

________________________________

An Individual

 

 

 

 

 

 

    	59

    	 

    

 

EXHIBIT F11

RELEASE BY MICHAEL NOVIELLI

RELEASE

THIS RELEASE
(hereinafter, the "Release") is made as of August __, 2013, by Michael Novielli (“Releasor”) in favor of
Cellcast UK Limited, Cellcast PLC, and Sky Telemedia (UK) Limited (“Released Parties”).

RECITALS

Releasor has entered
into a Settlement Agreement dated August __, 2013 (“Settlement Agreement”) with the Released Parties, to which this
Release is attached and incorporated as Exhibit F11 and, as a condition to such Settlement Agreement, Releasor grants this release
in favor of the Released Parties.

NOW, THEREFORE,
Releasor agrees as follows:

1. In consideration
of the payments set forth in the Settlement Agreement, Releasor hereby completely releases and forever discharges the Released
Parties from any and all past, present or future claims, demands, obligations, actions, causes of action, rights, damages, costs,
loss of services, expenses and compensation of any nature whatsoever, whether based on a tort, contract or other theory of recovery,
which the Releasor now have, or which may hereafter accrue or otherwise be acquired, on account of, or may in any way grow out
of, or which are the subject of the Releasor’s allegation (and all related matters) including, without limitation, any and
all known or unknown claims for Releasor, or any future claim of Releasor’s representatives, affiliates, subsidiaries or
assigns, which have resulted or may result from any alleged acts or omissions of the Released Parties.

2. This release and
discharge shall also apply to the Released Parties’ past, present and future officers, directors, stockholders, attorneys,
agents, servants, representatives, employees, subsidiaries, affiliates, partners, predecessors and successors in interest, heirs
and assigns and all other persons, firms or corporations with whom any of the former have been, are now, or may hereafter be affiliated.

3. This release, on
the part of the Releasor, shall be a fully binding and complete settlement among the Releasor, the Released Parties, and their
affiliates, subsidiaries, assigns and successors.

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4. The Releasor acknowledges
and agrees that the release and discharge set forth above is a general release. Releasor expressly waives and assumes the risk
of any and all claims for damages which exist as of this date, but of which the Releasor does not know or suspect to exist, whether
through ignorance, oversight, error, negligence, or otherwise, and which, if known, would materially affect Releasor’s decision
to enter into the Settlement Agreement. The Releasor further agrees that Releasor has accepted payment of the sums specified herein
as a complete compromise of matters involving disputed issues of law and fact. Releasor assumes the risk that the facts or law
may be other than Releasor believe. It is understood and agreed to by the parties that this settlement is a compromise of a disputed
claim, and the payments are not to be construed as an admission of liability on the part of the Released Parties, by whom liability
is expressly denied.

5. Releasor represents,
warrants and covenants that it has not heretofore assigned or transferred, or purported to assign or transfer, and will not hereafter
purport to assign or transfer, to any person or entity, any claim or other matter intended to be released hereby, or any portion
thereof or interest therein. Releasor covenants and agrees that it will not file any complaint, charge, or claim against the Releasees
or any of them with any court, agency or administrative or decision-making entity or person related to the matter intended to be
released hereby.

 

IN WITNESS WHEREOF,
Releasor has executed this Release on the day and year first set forth above.

Michael Novielli

 

________________________________

An Individual

 

 

 

 

 

 

 

 

 

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