Document:

Exhibit

Exhibit 10.4

KEY EMPLOYEE NON-COMPETITION AGREEMENT
This Key Employee Non-Competition Agreement (this “Agreement”) is being executed and delivered as of December 30, 2013 by Travis Reese (“Employee”) in favor and for the benefit of FireEye, Inc., a Delaware corporation (“Parent”). Capitalized terms used herein but not otherwise defined shall have the respective meanings ascribed to such terms in the Merger Agreement (as defined below).
RECITALS
WHEREAS, concurrently with the execution of this Agreement, Parent, Mandiant Corporation, a Delaware corporation (the “Company”), and certain other signatory parties have entered into an Agreement and Plan of Reorganization, dated of even date herewith (the “Merger Agreement”), pursuant to which each Parent will acquire the Company on the terms set forth in the Merger Agreement (the “Transactions”);
WHEREAS, Parent’s failure to receive the entire goodwill contemplated by the Transactions would have the effect of reducing the value of the Company to Parent; 
WHEREAS, (i) as a condition and mutual inducement to the Transactions, (ii) as additional consideration for the consideration to be paid to the Company under the Merger Agreement and (iii) to preserve the value and goodwill of the Company after the Transactions, the Merger Agreement contemplates, among other things, that Employee shall enter into this Agreement and that this Agreement shall become effective on the Closing Date; and
WHEREAS, after the Closing Date, Parent agrees to employ Employee as an at-will employee.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual promises made herein and in the Merger Agreement, Parent and Employee hereby agree as follows:
1.Effective Date. This Agreement shall be effective as of the Closing. This Agreement shall be null and void if the Transactions are not consummated.
2.Noncompetition. During the Non-Competition Period (as defined below), Employee shall not (other than in connection with his or her provision of services as an employee or consultant to any Parent Entity (as defined below)), without the prior written consent of Parent, directly or indirectly, whether Employee resigns voluntarily or is terminated by the Company involuntarily:
(a)engage, anywhere in the Restricted Territory (as defined below), in any Competing Business Purpose (as defined below);
(b)be or become an officer, director, member, stockholder, owner, affiliate, salesperson, co-owner, partner, trustee, promoter, technician, engineer, analyst, employee, agent, representative, supplier, contractor, consultant, advisor or manager of or to, or otherwise acquire or hold any interest in, or participate in or facilitate the financing, operation, management or control of, any Person or business that engages or participates in a Competing Business Purpose in the Restricted Territory; or
(c)contact, solicit or communicate with any Person known to Employee to be a customer of any Parent Entity or any former customer of the Company in connection with a Competing Business Purpose (whether or not such Employee has had personal contact with such Person);

provided, that nothing in this Agreement shall prevent or restrict Employee from any of the following: (i) owning as a passive investment less than 1% of the outstanding shares of the capital stock of a corporation (whether public or private) that is engaged in a Competing Business Purpose, provided that Employee is not otherwise associated with such corporation; (ii) owning a passive equity interest in a private debt or equity investment fund in which Employee does not have the ability to control or exercise any managerial influence over such fund; or (iii) any activity consented to in advance in writing by Parent.
“Competing Business Purpose” means any business, enterprise (including research and development), operation or activity in any respect competitive with or otherwise similar to the Company’s business, including any business that researches, develops, manufactures, offers, sells, distributes, makes commercially available, provides or otherwise disposes of any product or service that competes with any products, services or offerings of Parent and Company at the time of the Closing or any product, service, or offering that you were directly researching, developing, selling, or supporting during your employment
“Non-Competition Period” means the later of: (a) the period commencing on the Closing Date and ending on the two (2) year anniversary of the Closing Date; or (b) the period commencing on the Closing Date and ending eighteen (18) months after the termination of Employee’s employment or consulting relationship with any Parent Entity.  For avoidance of doubt, for example, in the event that Employee’s employment with a Parent Entity (“First Parent Entity”) terminates and Employee immediately thereafter begins working for another Parent Entity (“Second Parent Entity”) (including due to transfer), the Non-Competition Period shall not commence until after Employee ceases working with the Second Parent Entity. 
“Parent Entity” means the Parent, any subsidiary, affiliate or designee of Parent, or Parent’s successors or assigns.
“Restricted Territory” means each and every country, province, state, city, or other political subdivision of the world in which the Company or any of its subsidiaries or affiliates is currently engaged, or currently plans to engage in a Competing Business Purpose, or otherwise distributes, licenses or sells its products in connection with the Competing Business Purpose as of the Closing Date during the two-year period prior to the date upon which the Non-Competition Period commences.
3.Non-Solicitation. Employee further agrees that Employee shall not during the period commencing on the Closing Date and ending on the later of the two (2) year anniversary of the Closing Date or the termination of Employee’s employment with or provision of consulting services to any Parent Entity (the “Non-Solicitation Period”), directly or indirectly, without the prior written consent of Parent, whether Employee resigns voluntarily or is terminated by the Company involuntarily:
(a)personally or through any other Person, encourage, induce, attempt to induce, recruit, solicit, attempt to solicit (on Employee’s own behalf or on behalf of any other Person), hire, or take any other action that is intended to induce or encourage, any Former Company Employee (as defined below) or any other employee or consultant of any Parent Entity, to leave his or her employment or service with any Parent Entity or take away employees or consultants; or
(b)personally or through any other Person, encourage, induce, attempt to induce, recruit, solicit, attempt to solicit (on Employee’s own behalf or on behalf of any other Person), hire, or take any other action that is intended to induce or encourage any Former Company Employee or any other employee or consultant of any Parent Entity to engage in any activity in which Employee would, under the provisions of Section 2 hereof, be prohibited from engaging.

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“Former Company Employee” means any current employee or consultant of the Company who accepts an offer of employment with any Parent Entity.
Notwithstanding the foregoing, for purposes of this Agreement, the placement of general advertisements that may be targeted to a particular geographic or technical area but that are not specifically targeted toward any Former Company Employee(s) or any employee(s) of any Parent Entity shall not be deemed to be a breach of this Section 3.
4.Term and Severability of Covenants. If Employee breaches any covenant set forth in Section 2 or Section 3 hereof, the term of such covenant shall be extended by the period of the duration of such breach. The covenants contained in Section 2 hereof shall be construed as a series of separate covenants, one for each country, province, state, city or other political subdivision of the Restricted Territory.  Except for geographic coverage, each such separate covenant shall be deemed identical in terms to the covenant contained in Section 2 hereof.  If, in any judicial proceeding, a court refuses to enforce any of such separate covenants (or any part thereof), Parent and Employee agree that such unenforceable covenant (or such part) shall be eliminated from this Agreement to the extent necessary to permit the remaining separate covenants (or portions thereof) to be enforced.  If the provisions of Section 2 or Section 3 are deemed to exceed the time, geographic or scope limitations permitted by applicable law, Parent and Employee agree that such provisions shall be reformed to the maximum time, geographic or scope limitations, as the case may be, permitted by applicable law.
5.Independence of Obligations. The covenants and obligations of Employee set forth in this Agreement shall be construed as independent of any other agreement or arrangement between Employee, on the one hand, and any Parent Entity, on the other.
6.Employee Acknowledgement. Employee acknowledges that (i) Employee is a key employee, or key member of the management of the Company; (ii) the goodwill associated with the existing business, customers and assets of the Company prior to the Transactions is an integral component of the value of the Company to Parent and is reflected in the consideration payable to Employee in connection with the Transactions, and (iii) Employee’s agreement as set forth herein is necessary to preserve the value of the Company for Parent following the Closing.  Employee also acknowledges that the limitations of time, geography and scope of activity agreed to in this Agreement are reasonable because, among other things: (A) the Company and Parent are engaged in a highly competitive industry, (B) Employee has had unique access to the trade secrets and know-how of the Company and Parent, including the plans and strategy (and, in particular, the competitive strategy) of the Company and Parent, (C) Employee has accepted an employment or consulting position with Parent in connection with the Transactions on terms that Employee believes are favorable to him or her, (D) by virtue of the Employee’s employment or consulting arrangement with the Parent, Employee will have access to Parent’s trade secrets and know how, including, Parent’s plans and strategy (and, in particular, Parent’s competitive strategy), (E) in the event Employee’s employment or consulting arrangement with the Parent Entity ended, Employee believes he would be able to obtain suitable and satisfactory employment without violation of this Agreement, and (F) Employee believes that this Agreement provides no more protection than is reasonably necessary to protect Parent’s legitimate interest in the goodwill, trade secrets and confidential information of the Company.
7.Notices. Any notice or other communication required or permitted to be delivered to any party under this Agreement shall be in writing and shall be deemed to be properly delivered, given and received (a) when delivered in person, (b) when transmitted by facsimile (with written confirmation), (c) on the third business day following the mailing thereof by certified or registered mail (return receipt requested) or (d) when delivered by an express courier with written confirmation, to the respective parties at the following addresses (or to such other address or facsimile number as such party may have specified in a written notice given to the other parties):

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	(a)
	if to Parent, to:

	
	
	FireEye, Inc.

	1440 McCarthy Blvd.

	Milpitas, CA 95035

	Attn: Alexa King, SVP, General Counsel and Secretary

	 

	with a copy to:

	Wilson Sonsini Goodrich & Rosati

	650 Page Mill Road

	Palo Alto, CA

	Attn: Michael S. Ringler, Esq.

	Facsimile: (650) 493-6811

		
	(b)
	if to Employee, to the address for notice set forth on Employee’s signature page hereto.

8.Severability. Subject to Section 4, if any provision of this Agreement or any part of any such provision is held under any circumstances to be invalid or unenforceable in any jurisdiction, then (a) such provision or part thereof shall, with respect to such circumstances and in such jurisdiction, be deemed amended to conform to applicable laws so as to be valid and enforceable to the fullest possible extent, (b) the invalidity or unenforceability of such provision or part thereof under such circumstances and in such jurisdiction shall not affect the validity or enforceability of (i) such provision or part thereof under any other circumstances or in any other jurisdiction or (ii) the remainder of such provision or the validity or enforceability of any other provision of this Agreement.
9.Governing Law. This Agreement shall be governed in all respects by the laws of the United States of America and the State of Virginia, as such laws apply to agreements entered into and to be performed entirely within the State of Virginia.
10.Waiver. The rights and remedies of the parties to this Agreement are cumulative and not alternative.  Neither the failure nor any delay by any party in exercising any right, power, privilege or remedy under this Agreement, and no delay on the part of any party in exercising any right, power, privilege or remedy under this Agreement, shall operate as a waiver of such right, power, privilege or remedy; and no single or partial exercise of any such right, power, privilege or remedy shall preclude any other or further exercise thereof or of any other right, power, privilege or remedy.  No party shall be deemed to have waived any claim arising out of this Agreement, or any right, power, privilege or remedy under this Agreement, unless the waiver of such claim, right, power, privilege or remedy is expressly set forth in a written instrument duly executed and delivered on behalf of the waiving party; and any such waiver shall only apply to the specific instance to which such waiver relates.
11.Entire Agreement. This Agreement, and the other agreements referred to herein, set forth the entire understanding of Employee and Parent relating to the subject matter hereof and supersedes all prior agreements and understandings between any of such parties relating to the subject matter hereof.  Employee understands and agrees that he or she has had an opportunity to seek his or her own counsel in his or her review of this Agreement.
12.Amendments. This Agreement may not be amended, modified, altered, or supplemented other than by means of a written instrument duly executed and delivered on behalf of Parent and Employee.

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13.Assignment. This Agreement and all obligations hereunder are personal to Employee and may not be assigned, delegated or otherwise transferred by Employee at any time.  Parent may assign this Agreement and all other rights acquired hereunder in their entirety or in part at any time to any of its affiliates.
14.Binding Nature. This Agreement will be binding upon Employee and Employee’s representatives, executors, administrators, estate, heirs, successors and assigns, and will inure to the benefit of, the Parent Entities.
15.Counterpart Execution. This Agreement may be executed in counterparts and may be delivered by facsimile transmission, which, when taken together, shall constitute one agreement.
16.Construction. For purposes of this Agreement, the parties hereto agree that, unless a clear contrary intention appears: (a) the singular number shall include the plural, and vice versa; (b) reference to any gender includes each other gender; (c) reference to any agreement, document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof; (d) reference to any legal requirement means such legal requirement as amended, modified, codified, replaced or reenacted, in whole or in part, and in effect from time to time, including rules and regulations promulgated thereunder, and reference to any section or other provision of any legal requirement means that provision of such legal requirement from time to time in effect and constituting the substantive amendment, modification, codification, replacement or reenactment of such section or other provision; (e) “include” and “including,” and variations thereof, shall not be deemed to be terms of limitation, but rather shall be deemed to be followed by the words “without limitation”; (f) all references in this Agreement to “Sections” are intended to refer to Sections of this Agreement, except as otherwise indicated; (g) the headings in this Agreement are for convenience of reference only, shall not be deemed to be a part of this Agreement, and shall not be referred to in connection with the construction or interpretation of this Agreement; (h) “or” is used in the inclusive sense of “and/or”; (i) with respect to the determination of any period of time, “from” means “from and including” and “to” means “to but excluding”; and (j) “hereunder,” “hereof,” “hereto,” and words of similar import shall be deemed references to this Agreement as a whole and not to any particular Article, Section or other provision hereof.
17.Each party has been represented by counsel or has had the opportunity to retain counsel during the negotiation and execution of this Agreement and waives the application of any law, holding or rule of construction providing that ambiguities in an agreement or other document shall be construed against the party drafting such agreement or document.
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IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

	
		
	“EMPLOYEE”
	 /s/ Travis Reese    

	 
	Travis Reese

	 
	 

	 
	 

	“PARENT”
	FireEye, Inc.

	 
	a Delaware corporation

	 
	 

	 
	 /s/ Barbara Massa    

	 
	By: Barbara Massa

	 
	Its: SVP, Human Resources

[SIGNATURE PAGE TO KEY EMPLOYEE NON-COMPETITION AGREEMENT]EX-10.5

 Exhibit 10.5 
  

 
 Escrow Services Agreement 

This Escrow Services Agreement (this “Agreement”) is made and entered into as of August     2016 by and between
Provident Trust Group, LLC, a regulated trust company supervised and examined by the Nevada state banking authority (“Provident” or “Escrow Agent”), Monarch Bay Securities, LLC, a FINRA Broker/Dealer and SIPC Member Firm
(“Monarch” or “Underwriter”) and FOTV Media Networks Inc. (“Issuer”). 
 Recitals 

WHEREAS, Issuer proposes to offer for sale to investors, as disclosed in its Registration Statement on Form S-1 (the
“Offering”) filed with the Securities and Exchange Commission, securities pursuant to the Securities Act of 1933, as amended (the “Securities Act”), underwritten by Monarch on a best efforts basis, specifically the equity
securities of Issuer (the “Securities”) in the amount of at least $20,000,000 (the “Minimum Amount of the Offering”) and in the amount of up to $30,000,000 (the “Maximum Amount of the Offering”). 

WHEREAS, Issuer desires to establish an Escrow Account in which funds received from prospective investors (“Subscribers”)
will be held during the Offering, subject to the terms and conditions of this Agreement. Provident agrees to serve as Escrow Agent (“Escrow Agent”) for the Subscribers with respect to such Escrow Account in accordance with the terms
and conditions set forth herein. This includes, without limitation, that the Escrow Account will be held at Citizens Bank, N.A. (“Bank”) in a separately named account. For purposes of communications and directives, Escrow Agent shall be
the sole administrator of the Escrow Account, provided that authorization for disbursement from the Escrow Account shall require the written approval of both Monarch and Issuer. 

Agreement 
 NOW
THEREFORE, in consideration of the foregoing, it is hereby agreed as follows: 
  

	 	1.	Establishment of Escrow Account. Prior to Issuer initiating the Offering, and prior to the receipt of the first investor funds, Escrow Agent shall establish an account at the Bank entitled “Provident Trust
Group, LLC as Escrow Agent for Investors in FOTV Media Networks Inc.” (the “Escrow Account”). The Escrow Account shall be a segregated, deposit account of Escrow Agent at the Bank. All parties agree to maintain the Escrow Account
and escrowed funds in a manner that is compliant with banking and securities regulations. 

  

	 	2.	Escrow Period. The Escrow Period shall begin with the commencement of the Offering and shall terminate in whole or in part upon the earlier to occur of the following: 

 

	 	1.	The date upon which the minimum number of securities required to be sold are sold (the “Minimum”) in bona fide transactions that are fully paid for, which is defined to occur when Escrow Agent has
received gross proceeds of at least the Minimum that have cleared in the Escrow Account and the Issuer has triggered a full closing on the Minimum funds. After the Minimum closing of funds occurs, there may be partial closings for the continuous
offering. Even after a partial close, of for continuous offerings, Escrow shall remain open in order to perform investor AML, to clear investor funds, and to perform other tasks prior to the issuer selling securities to any investor; or

  
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 Exhibit 10.5 

 

	 	2.	             if the Minimum has not been reached; or 

  

	 	3.	The date upon which a determination is made by Issuer and/or their authorized representatives, including any lead broker or placement agent, to terminate the Offering prior to closing. 

During the Escrow Period, the parties agree that (i) the Escrow Account and escrowed funds will be held for the benefit of the Subscribers, and
that (ii) Issuer is not entitled to any funds received into escrow, and that no amounts deposited into the Escrow Account shall become the property of Issuer or any other entity, or be subject to any debts, liens or encumbrances of any kind of
Issuer or any other entity, until the contingency has been satisfied by the sale of the Minimum of such Securities to such investors in bona fide transactions that are fully paid for, as specified in the offering documents. Even after a sale of
securities to investors, the Issuer may elect to continue to leave funds in the Escrow Account in order to protect investors as needed. In addition, Issuer and Escrow Agent acknowledge that the total funds raised cannot exceed the Maximum Amount of
the Offering. Issuer represents that no funds have yet been raised for FOTV Media Networks Inc. and that all funds to be raised for the Offering will be deposited in the Escrow Account established by Escrow Agent. 

 

	 	3.	Deposits into the Escrow Account. All Subscribers will be directed by the Issuer to transmit their data and funds, via Escrow Agent’s technology systems, directly to the Escrow Agent which has agreed to hold
the funds for the benefit of investors and Issuer. All Subscribers will transfer funds directly to Escrow Agent (with checks, if any, made payable to “Provident Trust as Agent for FOTV Media Networks Inc.”) for deposit into the Escrow
Account. Escrow Agent shall process all Escrow Amounts for collection through the banking system and shall maintain an accounting of each deposit posted to its ledger, which also sets forth, among other things, each Subscriber’s name and
address, the quantity of Securities purchased, and the amount paid. All monies so deposited in the Escrow Account and which have cleared the banking system are hereinafter referred to as the “Escrow Amount.” Issuer shall promptly,
concurrent with any new or modified subscription, provide Escrow Agent with a copy of the Subscriber’s subscription and other information as may be reasonably requested by Escrow Agent in the performance of their duties under this Agreement.
Escrow Agent is under no duty or responsibility to enforce collection of any funds delivered to it hereunder. Issuer shall assist Escrow Agent with clearing any and all AML and ACH exceptions. 

Funds Hold – clearing, settlement and risk management policy: All parties agree that funds are considered “cleared” as follows:

 Wires – 24 hours after receipt of funds 

Checks – 5 days after deposit 

ACH – As transaction must clear in a manner similar to checks, and as Federal regulations provide investors with 60 days to recall funds,
for risk reduction and protection the Escrow Agent will agree to release, starting 10 calendar days after receipt and so long as the offering is closed, the greater of 94% of funds or gross funds less ACH deposits still at risk of recall. Of course,
regardless of this operating policy, Issuer remains liable to immediately and without protestation or delay return to us any funds recalled pursuant to Federal regulations. 

  
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 Exhibit 10.5 

 

 Escrow Agent reserves the right to deny, suspend or terminate participation in the Escrow
Account of any Subscriber to the extent Escrow Agent deems it advisable or necessary to comply with applicable laws or to eliminate practices that are not consistent with laws, rules, regulations or best practices. Escrow Agent may at any time
reject or return funds to any Subscriber (i) that does not clear background checks (anti-money laundering, USA PATRIOT Act, social security number issues, etc.) to the satisfaction of Escrow Agent, in its sole and absolute discretion, or, (ii) for
which Escrow Agent determines, in its sole discretion, that it would be improper or unlawful for Escrow Agent to accept or hold the applicable Subscriber’s funds, as Escrow Agent, due to, among other possible issues, issues with the Subscriber
or the source of the Subscriber’s funds. Escrow Agent shall inform Issuer of any such return or rejection via written notification. 
  

	 	4.	Disbursements from the Escrow Account. In the event Escrow Agent does not receive the Minimum Amount of the Offering prior to the termination of the Escrow Period, Escrow Agent shall terminate Escrow and make a
full and prompt return of funds so that refunds are made to each Subscriber in the exact amount received from said Subscriber, without deduction, penalty, or expense to the Subscriber. 

In the event Escrow Agent receives cleared funds for at least the Minimum Amount of the Offering prior to the termination of the Escrow Period
and Escrow Agent receives a written instruction from Issuer and Monarch, Escrow Agent shall, pursuant to those instructions, pay such Escrow Amount for all accepted subscriptions pursuant to the instructions of Issuer and Monarch, but subject to
Escrow Agent’s rights concerning Return Period funds (defined as the time period the Subscriber has to seek a return of funds, or to seek to avoid liability for the funds by claiming the transaction was unauthorized) (“First
Closing”). After the First Closing, with respect to any additional collected funds received from Subscribers and held by Escrow Agent prior to the termination date, Escrow Agent shall, upon receipt of written instructions from Issuer and
Monarch, including identifying additional participating Subscribers and the corresponding Escrow Amount, pay such Escrow Amount specified in the written instructions, but subject to Escrow Agent‘s rights concerning Return Period funds
(discussed above). Issuer acknowledges that there is up to a 24 hour (one business day) maximum processing time once a request has been received to break Escrow or otherwise move funds. This is to accommodate the time needed to compare the request
to the offering documents, to ensure AML has been completed, and to prepare funds for disbursement. 
 Issuer hereby irrevocably authorizes
Escrow Agent to deduct broker fees and other funds for management and offering and selling expenses from the gross proceeds of the Escrow Account prior to remitting such funds, if and when due, to Issuer. Escrow Agent is hereby directed to remit
such funds directly to the broker(s) and other parties, if any, to which they are due. Net proceeds (meaning gross proceeds less amounts remitted to brokers and other parties, and interest earned or accumulated in the Escrow Account) will then be
remitted to Issuer as described above. Furthermore, Issuer directs Escrow Agent to accept instructions regarding fees from Monarch. 
  

	 	5.	 Collection Procedure. Escrow Agent is hereby authorized, upon receipt of Subscriber funds, to promptly
deposit them in the Escrow Account. Any Subscriber funds which fail to clear or are subsequently reversed, including but not limited to ACH chargebacks and wire recalls, shall be debited to the Escrow Account, with such debits reflected on the
Escrow ledger accessible via Escrow Agents API or dashboard technology. Any and all fees paid by Issuer for funds receipt and processing are non-refundable, regardless of whether ultimately cleared, failed, rescinded, returned or recalled. In the
event of any Subscriber 

  
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 Exhibit 10.5 

 

	 	
refunds, returns or recalls after funds have already been remitted to Issuer, then Issuer hereby irrevocably agrees to immediately and without delay or dispute send equivalent funds to Escrow
Agent to cover the refund, return or recall. If Issuer has any dispute or disagreement with its Subscriber then that is separate and apart from this Agreement and Issuer will address such situation directly with said Subscriber, including taking
whatever actions Issuer determines appropriate, but Issuer shall regardless remit funds to Escrow Agent and not involve Escrow Agent in any such disputes. 

  

	 	6.	Investment of Escrow Amount. Escrow Agent may, at its’ discretion, invest any or all of the Escrow Account balance as permitted by banking regulations. No interest shall be paid to Issuer or Subscribers
on the Escrow Account balance. 

  

	 	7.	Escrow Administration Fees, Compensation of Escrow Agent. Escrow Agent is entitled to escrow administration fees from Issuer as set forth in Exhibit A. 

Issuer agrees without exception that it is liable to Escrow Agent to pay and agrees to pay Escrow Agent, even under circumstances where Issuer
has entered an agreement that said fees are to be paid by another party. All fees are charged immediately upon receipt of this Agreement, and are not contingent in any way on the success or failure of the Offering. Furthermore, Escrow Agent is
exclusively entitled to retain as part of its compensation any and all investment interest, gains and other income earned pursuant to item 6 above. No fees, charges or expense reimbursements of Escrow Agent are reimbursable, and are not subject to
pro-rata analysis. All fees and charges, if not paid by a representative of Issuer (e.g. funding platform, lead syndicate broker, etc.), may be made via either Issuers ACH information on file with Escrow Agent. Escrow Agent may also collect its
fee(s), at its option, from any escrowed funds due to Issuer. It is acknowledged and agreed that no fees, reimbursement for costs and expenses, indemnification for any damages incurred by Issuer or Escrow Agent shall be paid out of or chargeable to
the investor funds on deposit in the Escrow Account. 
 8. Representations and Warranties. The Issuer covenants and makes the
following representations and warranties to Escrow Agent: 
  

	 	a.	It is duly organized, validly existing, and in good standing under the laws of the state of its incorporation or organization, and has full power and authority to execute and deliver this Agreement and to perform its
obligations hereunder. 

  

	 	b.	This Agreement has been duly approved by all necessary actions, including any necessary shareholder or membership approval, has been executed by its duly authorized officers, and constitutes its valid and binding
agreement enforceable in accordance with its terms. 

  

	 	c.	The execution, delivery, and performance of this Agreement is in accordance with the agreements related to the Offering and will not violate, conflict with, or cause a default under its articles of incorporation,
bylaws, management agreement or other organizational document, as applicable, any applicable law, rule or regulation, any court order or administrative ruling or decree to which it is a party or any of its property is subject, or any agreement,
contract, indenture, or other binding arrangement, including the agreements related to the Offering, to which it is a party or any of its property is subject. 

  
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 Exhibit 10.5 

 

	 	d.	No party other than the parties hereto has, or shall have, any lien, claim or security interest in the Escrow Funds or any part thereof. No financing statement under the Uniform Commercial Code is on file in any
jurisdiction claiming a security interest in or describing (whether specifically or generally) the Escrow Funds or any part thereof. 

  

	 	e.	It possesses such valid and current licenses, certificates, authorizations or permits issued by the appropriate state, federal or foreign regulatory agencies or bodies necessary to conduct its respective businesses, and
it has not received any notice of proceedings relating to the revocation or modification of, or non-compliance with, any such license, certificate, authorization or permit. 

 

	 	f.	The Offering complies in all material respects with the Act and all applicable laws, rules and regulations. 

All of its representations and warranties contained herein are true and complete as of the date hereof and will be true and complete at the
time of any disbursement of Escrow Funds. 
  

	 	9.	Term and Termination. This Agreement will remain in full force during the Escrow Period and shall terminate upon the following: 

a. As set forth in Section 2. 
 b.
Termination for Convenience. Any party may terminate this Agreement at any time for any reason by giving at least thirty (30) days’ written notice. 

c. Escrow Agent’s Resignation. Escrow Agent may unilaterally resign by giving written notice to Issuer, whereupon Issuer will
immediately appoint a successor escrow agent. Until a successor escrow agent accepts appointment or until another disposition of the subject matter has been agreed upon by the parties, following such resignation notice, Escrow Agent shall be
discharged of all of its duties hereunder save to keep the subject matter whole. 
 Even after this Agreement is terminated, certain
provisions will remain in effect, including but not limited to items 3, 4, 5, 10, 11, 12, 14, and 15 of this Agreement. Escrow Agent shall be compensated for the services rendered as of the date of the termination or removal. 

 

	 	10.	Applicable Law, Venue, and Attorney’s Fees: This Agreement is governed by, and will be interpreted and enforced in accordance with the laws of the State of Nevada, as applicable, without regard
to principles of conflict of laws, and each party submits to the personal jurisdiction, and waives all objections to venue for the enforcement of any provision of this Agreement, in the state and federal courts situated in Clark County, Nevada.
Furthermore, the prevailing party shall be entitled to recover damages plus reasonable attorney’s fees and costs. 

  

	 	11.	 Limited Capacity of Escrow Agent. This Agreement expressly and exclusively sets forth the duties of Escrow
Agent with respect to any and all matters pertinent hereto, and no implied duties or obligations shall be read into this Agreement against Escrow Agent. Escrow Agent acts hereunder as an escrow agent only and is not associated, affiliated, or
involved in the business decisions of Issuer or Subscriber. Escrow Agent is not responsible or liable in any manner whatsoever for the sufficiency, correctness, genuineness, 

  
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 Exhibit 10.5 

 

	 	
or validity of the subject matter of this Agreement or any part thereof, or for the form of execution thereof, or for the identity or authority of any person executing or depositing such subject
matter. Escrow Agent shall be under no duty to investigate or inquire as to the validity or accuracy of any document, agreement, instruction, or request furnished to it hereunder, including, without limitation, the authority or the identity of
any signer thereof, believed by it to be genuine, and Escrow Agent may rely and act upon, and shall not be liable for acting or not acting upon, any such document, agreement, instruction, or request. Escrow Agent shall in no way be responsible
for notifying, nor shall it be responsible to notify, any party thereto or any other party interested in this Agreement of any payment required or maturity occurring under this Agreement or under the terms of any instrument deposited herewith.

  

	 	12.	Indemnity. Issuer agrees to defend, indemnify and hold Escrow Agent and its respective related entities, directors, employees, service providers, advertisers, affiliates, officers, agents, and partners and
third-party service providers harmless from any loss, liability, claim, or demand, including reasonable attorney’s fees, made by any third party due to or arising out of this Agreement and/or arising from a breach of any provision in this
Agreement. This indemnity shall also include, but is not limited to, all expenses incurred in conjunction with any interpleader that Escrow Agent may enter into regarding this Agreement and/or third-party subpoena or discovery process that may be
directed to Escrow Agent. This defense and indemnification obligation will survive termination of this Agreement. 

Escrow Agent reserves the right to assume, at its sole expense, the exclusive defense and control of any such claim or action and all
negotiations for settlement or compromise, and Issuer agrees to fully cooperate with Escrow Agent in the defense of any such claim, action, settlement or compromise negotiations, as requested by Escrow Agent. 

 

	 	13.	Entire Agreement, Severability and Force Majeure. This Agreement contains the entire agreement between Issuer and Escrow Agent regarding the Escrow Account. If any provision of this Agreement is held invalid, the
remainder of this Agreement shall continue in full force and effect. Furthermore, no party shall be responsible for any failure to perform due to acts beyond its reasonable control, including acts of God, terrorism, shortage of supply, labor
difficulties (including strikes), war, civil unrest, fire, floods, electrical outages, equipment or transmission failures, internet interruptions, vendor failures (including information technology providers), or other similar causes.

  

	 	14.	Changes. Escrow Agent may, at its sole discretion, comply with any new, changed, or reinterpreted regulatory or legal rules, laws or regulations, and any interpretations thereof, and without necessity of notice,
to modify either this Agreement and/or the Escrow Account to comply or conform to such changes or interpretations. Escrow Agent will notify Issuer of material changes as soon as practicable. Furthermore, all parties agree that this Agreement shall
continue in full force and be valid, unchanged and binding upon any successors of Escrow Agent. Changes to this Agreement will be sent to Issuer via email. 

  

	 	15.	Waivers. No waiver by any party to this Agreement of any condition or breach of any provision of this Agreement will be effective unless in writing. No waiver by any party of any such condition or
breach, in any one instance, will be deemed to be a further or continuing waiver of any such condition or breach or a waiver of any other condition or breach of any other provision contained in this Agreement. 

  
 Page 6 of 9 

 Exhibit 10.5 

 

	 	16.	Notices. Any notice to Escrow Agent is to be sent to Escrow@trustprovident.com. Any notices to Issuer will be sent to
                     and to Monarch will be sent
to                    . 

  

	 	17.	Language. It is expressly agreed that it is the will of all parties, including Escrow Agent and Issuer that this Agreement and all related pages, forms, emails, alerts and other communications have been drawn up
and/or presented in English. 

  

	 	18.	Electronic Signature and Communications Notice and Consent. Digital (“electronic”) signatures, often referred to as an “e-signature”, enable paperless contracts and help speed up business
transactions. The 2001 E-Sign Act was meant to ease the adoption of electronic signatures. The mechanics of this Agreement’s electronic signature include the parties signing this Agreement below by typing in the party’s name, with the
underlying software recording its IP address, browser identification, the timestamp, and a securities hash within an SSL encrypted environment. This electronically signed Agreement will be available to both Issuer and Escrow Agent, as well as any
associated bankers, brokers and platforms so they can access and copy it at any time. Issuer and Escrow Agent hereby consent and agree that electronically signing this Agreement constitutes each party’s signature, acceptance and agreement as if
actually signed by each party in writing. Further, all parties agree that no certification authority or other third party verification is necessary to validate any electronic signature; and that the lack of such certification or third party
verification will not in any way affect the enforceability of your signature or resulting contract between Issuer and Escrow Agent. The parties understand and agree that the e-signature executed in conjunction with the electronic submission of this
Agreement shall be legally binding and such transaction shall be considered authorized by each party. The parties agree that their electronic signatures are the legal equivalent of their manual signatures on this Agreement consenting to be legally
bound by this Agreement’s terms and conditions. Furthermore, Issuer and Escrow Agent hereby agree that all current and future notices, confirmations and other communications regarding this Escrow Services Agreement specifically, and future
communications in general between the parties, may be made by email, sent to the email address of record as set forth in Section 16 above, or as otherwise from time to time is changed or updated and disclosed to the other party, without necessity of
confirmation of receipt, delivery or reading, and such form of electronic communication is sufficient for all matters regarding the relationship between the parties. If any such electronically sent communication fails to be received for any reason,
including but not limited to such communications being diverted to the recipients spam filters by the recipients email service provider, or due to a recipients change of address, or due to technology issues by the recipient’s service provider,
the parties agree that the burden of such failure to receive is on the recipient and not the sender, and that the sender is under no obligation to resend communications via any other means, including but not limited to postal service or overnight
courier, and that such communications shall for all purposes, including legal and regulatory, be deemed to have been delivered and received. No physical, paper documents will be sent to Issuer, and if Issuer desires physical documents, then Issuer
agrees to be satisfied by directly and personally printing, at its own expense, the electronically sent communication(s) and maintaining such physical records in any manner or form that Issuer desires. 

 

	 	19.	Substitute Form W–9: Taxpayer Identification Number certification and backup withholding statement. 

PRIVACY ACT STATEMENT: Section 6109 of the Internal Revenue Code requires you (Issuer) to provide us with your correct Taxpayer Identification
Number (TIN). 

  
 Page 7 of 9 

 Exhibit 10.5 

 

 
			
	Name of Business:	  	FOTV Media Networks Inc.
		
	Tax Identification Number:	  	45-3343730

 Under penalty of perjury, by signing this Agreement below I certify that: 1) the number shown above is
our correct business taxpayer identification number; 2) our business is not subject to backup withholding unless we have informed Provident Trust in writing to the contrary; and 3) our Company is a U.S. domiciled business. 

Consent is Hereby Given: By signing this Agreement electronically, Issuer explicitly agrees to receive documents electronically
including its copy of this signed Agreement as well as ongoing disclosures, communications, and notices. 

  
 Page 8 of 9 

 Exhibit 10.5 

 

 Agreed as of the date set forth above by and between: 

 

			
	Provident Trust Group, LLC
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	FOTV Media Networks Inc.
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	Monarch Bay Securities, LLC
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 Page 9 of 9

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