Document:

Exhibit 10.4

Exhibit 10.4

FIRST AMENDED AND RESTATED

AUTOZONE, INC. ENHANCED SEVERANCE PAY PLAN

AutoZone, Inc. (hereinafter the “Company”) hereby adopts the First Amended and Restated
AutoZone, Inc. Enhanced Severance Pay Plan (the “Plan”), effective upon the date of its execution.

Section 1: Purpose; Definitions

1.1 Purpose. The purpose of the Plan is to provide severance pay to eligible employees of the
Company and its Designated Subsidiaries in the circumstances and on the conditions specified. The
Plan is an “employee welfare benefit plan” within the meaning of Section 3(1) of the Employee
Retirement Income Security Act of 1974, as amended, (hereinafter “ERISA”). Neither the receipt nor
the amount of any severance payment is contingent, directly or indirectly, on an employee’s
retirement. Severance payments are contingent, prospective payments that may be provided under the
circumstances and conditions described.

1.2 Definitions.

a. Cause. With respect to any Participant, Cause shall have the meaning set forth in the
noncompete agreement between or among the Company, the Designated Subsidiary and the Participant,
as applicable.

b. Code. The Internal Revenue Code of 1986, as amended from time to time, or any successor
thereto.

c. Covered Employer. For purposes of the Plan, the term “Covered Employer” is defined to mean
the Company or one of the Company’s Designated Subsidiaries.

d. Designated Subsidiaries. For purposes of the Plan, the term “Designated Subsidiaries” means
those companies listed on Appendix “A” hereto.

e. Eligible Employee. An individual designated by the Company or a Designated Subsidiary, who
(i) has executed a noncompete agreement in a form acceptable to the Company or the Designated
Subsidiary, (ii) is not eligible for severance benefits under any other plan, program, policy,
procedure or agreement of or with the Company or the Designated Subsidiary, (iii) incurs a
Separation From Service without Cause, by action of the Company or Designated Subsidiary, other
than as a result of death, total disability as contemplated by a long term disability plan of the
Company or Designated Subsidiary, or any voluntary resignation or termination, and (iv) executes a
Final Release, at the time of Separation From Service.

f. Final Release. A general release effective between or among the Company and/or Designated
Subsidiary and the Participant, which is satisfactory in form and substance to the Company and/or
the Designated Subsidiary, as applicable, and for which the period has expired for the exercise of
any revocation rights of the Participant with respect thereto.

g. Other Key Employees. Any Eligible Employee other than a Senior Officer or a Vice
President.

 

 

 

h. Participant. Each Eligible Employee.

i. Plan Administrator. The Company is the Plan Administrator. The Company may delegate its
authority under the Plan to such person(s) as it deems necessary or appropriate from time to time,
and any such delegation shall carry with it the Plan Administrator’s discretionary authority.

j. Plan Year. The Plan Year is the 12-month period beginning each January 1 and ending the
next following December 31.

k. Separation From Service. A termination of substantial services for the Company and any
affiliate thereof within the contemplation of Code Sections 414(b) and 414(c). An individual will
not be treated as having incurred a Separation From Service where the individual’s level of future
services for the Company and any affiliate is reasonably anticipated by the Employer to exceed 20%
of the average level of bona fide services provided by that individual in any capacity for the
prior 36 month period, or the prior period of services if less, but will be treated as having
incurred a Separation From Service at any time when such reasonably anticipated level of future
services is equal to or less than such 20% average level of prior services.

l. Senior Officer. An officer of the Company above the level of Vice President, including,
without limitation, the President, Senior Vice Presidents, Executive Vice Presidents, the Chief
Operating Officer and the Chief Executive Officer.

m. Specified Employee. Any service provider who, as of the date of a Separation From Service,
is a key employee of the Company within the contemplation of Code Section 416(i)(1)(A)(i), (ii), or
(iii) at any time during the 12-month period ending on a specified employee identification date.
The Specified Employee identification date is December 31. The Specified Employee effective date
is the first day of the fourth month following the Specified Employee identification date.

n. Standard Severance Policy. The severance policy generally applicable to employees of the
Company or the Designated Subsidiary, as applicable.

o. Vice President. A Vice President of the Company.

p. Year of Service. A calendar year in which an individual is credited with not fewer than
one thousand (1,000) hours of service, as determined under Department of Labor Regulation
2530.200b-2(b) and (c).

Section 2: Eligibility

Each individual is a Participant in the Plan as of the date the individual satisfies all
elements of the definition of an Eligible Employee. No other persons have any rights under the
Plan or to receive any benefit under the Plan.

 

1

 

Section 3: Plan Benefits

3.1 Benefits. A Participant is eligible to receive periodic severance payments based upon
employment status at the time of a Separation From Service, in accordance with the applicable
following schedule:

Senior Officers:

	 	 	 	 	 
	 	 	Duration of	 
	Years of Service	 	Periodic Severance	 
	0-1
	 	12 months
	1-5
	 	18 months
	5+
	 	24 months

Vice Presidents:

	 	 	 	 	 
	 	 	Duration of	 
	Years of Service	 	Periodic Severance	 
	0-2
	 	6 months
	2-5
	 	9 months
	5+
	 	12 months

Other Key Employees:

	 	 	 	 	 
	 	 	Duration of	 
	Years of Service	 	Periodic Severance	 
	0-2
	 	3 months
	2-5
	 	6 months
	5+
	 	9 months

3.2 Payment of Benefits. Plan benefits will be the Participant’s base pay amount, for the
appropriate duration described in section 3.1, using the payroll date frequency in effect for the
Participant as of the date the individual incurs a Separation From Service, as provided in this
section 3.2.

a. Payment Timing. Payment of Plan benefits will commence on the 60th day
following the Participant’s Separation From Service, provided the Participant has executed a Final
Release (for which any revocation rights have expired) before the end of such 60 day period. Plan
benefits with respect to the period from the date of Separation From Service until such payment
commencement date will be accumulated and paid on the first business date which occurs after the
expiration of such 60 day period, and remaining Plan benefits will be paid thereafter on normal
payroll cycles (except as otherwise provided in section 5.3 with respect to certain death
benefits).

b. Specified Employees. Notwithstanding the foregoing, in the case of any Specified Employee,
any payment which would otherwise be made within the six (6) month
period after the date of the Participant’s Separation From Service will be accumulated and
paid on the first business date which occurs after the expiration of such six (6) month period.

 

2

 

c. No Final Release. If an otherwise Eligible Employee fails to execute a Final Release (for
which any revocation rights have expired) before the end of the 60 day period described in section
3.2.a. above, such individual shall be ineligible for Plan benefits.

3.3 Deductions. The employer will effect all legally required deductions.

Section 4: Financing Plan Benefits

All Plan benefits shall be paid directly by the Company or Designated Subsidiary out of its
general assets. All Plan benefits are unfunded and unsecured until paid.

Section 5: Miscellaneous

5.1 Employment Rights. The Plan does not constitute a contract of employment. Participation
does not give any person the right to be rehired or retained.

5.2 Controlling Law. ERISA shall be controlling in all matters relating to the Plan. The
provisions of this Plan are intended to be applied in a manner consistent with Code Section 409A,
but neither the Company nor any affiliate thereof shall be liable for any determination by any
person(s) that the arrangement or the administration thereof is subject to the tax provisions of
Code Section 409A.

5.3 Interests Not Transferable. The interests of persons entitled to benefits under the Plan
may not be sold, transferred, alienated, assigned nor encumbered; provided, however, that upon the
death of a Participant in pay status under the Plan, the sum of any remaining scheduled benefit
payments will be paid in a lump sum to the surviving spouse of the Participant, if any, or if none
then to the estate of the Participant.

5.4 Headings. The headings of sections and subsections herein are for convenience of
reference only and shall not be construed or interpreted as part of the Plan.

5.5 Severability. If any provision of the Plan shall be held to be illegal or invalid for any
reason, such illegality or invalidity shall not affect the remaining parts of the Plan, and the
Plan shall be construed and enforced as if such illegal or invalid provision had never been
contained in the Plan.

 

3

 

5.6 Administration. The Plan Administrator shall have the sole and final power, duty,
discretion, authority and responsibility of directing and administering the Plan. All directions
by the Plan Administrator shall be conclusive on all parties concerned. The Plan Administrator
shall have the sole, absolute and final right and power to construe, interpret and administer the
provisions of the Plan including, but not limited to, the power (i) to construe any ambiguity and
interpret any provision of the Plan or supply any omission or reconcile any inconsistencies in such
manner as it deems proper, (ii) to determine eligibility to become a Participant in the Plan in
accordance with its terms, (iii) to decide all questions of eligibility for, and determine the
amount, manner, and time of payment
of, any benefits hereunder, and (iv) to establish uniform rules and procedures to be followed
in any matters required to administer the Plan.

Section 6: Amendment and Termination

The Company reserves the right, in its sole discretion, to amend the Plan from time to time or
to terminate the Plan, all without prior notice. No representation by anyone can extend the
Company’s severance pay policies to provide for severance payments that are not covered by the
Plan.

 

4

 

APPENDIX A

LIST OF DESIGNATED SUBSIDIARIES

AutoZoners, LLC

AutoZone Puerto Rico, Inc.

AutoZone West, Inc.

AZ California, LLC

AZ Texas, LLC

ServiceZone S. de RL de CV

 

5Exhibit 10.1

Exhibit 10.1

MANAGEMENT SERVICES AGREEMENT

This MANAGEMENT SERVICES AGREEMENT (this “Agreement”) is made and entered into this
17th day of March 2011 to be effective as of January 1, 2011 by and among Immediatek, Inc., a
Nevada corporation (the “Company” and together with its subsidiaries and successors, the
“Clients”) and Radical Ventures LLC, a Delaware limited liability company (together with
its successors, “Advisor”).

RECITALS

WHEREAS, the Clients have requested that Advisor continue to render management services,
including, among others, financial oversight and monitoring, technology and legal, to the Clients.

AGREEMENT

NOW, THEREFORE, in consideration of the services rendered, and to be rendered, by Advisor to
the Clients, and to evidence the obligations of the Clients to Advisor and the mutual covenants
herein contained, the Clients hereby jointly and severally agree with Advisor as follows:

1. Retention. The Clients hereby acknowledge that they have retained Advisor to, and
Advisor hereby acknowledges that, subject to reasonable advance notice in order to accommodate
scheduling, Advisor will, provide management services to the Clients as requested by their
respective board of directors during the Term (hereinafter defined).

2. Term. The term (the “Term”) of this Agreement shall continue until the
date on which Radical Holdings LP, its successors or their respective affiliates shall cease to
beneficially own, directly or indirectly, at least twenty percent (20%) of the then outstanding
voting power of the Company or its successors.

3. Compensation. As compensation for Advisor’s services to the Clients under this
Agreement, the Company hereby agrees to record $3,500 per month (the “Management Fee”),
prorated on a daily basis for any partial month, during the Term as a deemed contribution by
Radical Holdings LP to the Company. The Management Fee shall be recorded on the first day of each
calendar month (each a “Recording Date”), commencing with the date first above written.

4. Reimbursement of Expenses. In addition to the deemed contributions pursuant to
Section 3, the Company hereby agrees to record deemed contributions for all Reimbursable
Expenses (hereinafter defined) and attribute and allocate them to the appropriate Client. For
purposes of this Agreement, “Reimbursable Expenses” shall mean all reasonable disbursements and
out-of-pocket expenses, including, without limitation, costs of travel, postage, deliveries,
communications, fees and disbursements of counsel, but excluding allocated overhead, incurred by
Advisor or its affiliates for the account of any Client or in connection with the performance by
Advisor of the services contemplated in this Agreement. Upon presentment by Advisor of the
supporting documentation of the Reimbursable Expense reasonably requested by the Client, the
Company shall treat the Reimbursable Expense as a deemed contribution to the Company and attribute
and allocate it to the appropriate Client.

 

 

 

5. Termination of this Agreement. This Agreement may be terminated by (a) Advisor
upon thirty (30) days written notice for any or no reason whatsoever or (ii) the Clients upon
thirty (30) days written notice for gross negligence on the part of Advisor in the performance of
the obligations of Advisor as provided in this Agreement.

6. Indemnification. The Clients, jointly and severally, shall indemnify and hold
harmless each of Advisor, its affiliates and their respective directors, officers, stockholders,
partners, managers, members, employees, agents, representatives and each person who controls
Advisor or its affiliates within the meaning of the Securities Act of 1933, as amended, or the
Securities Exchange Act of 1934, as amended (collectively, “Indemnified Persons,” and,
individually, an “Indemnified Person”), from and against any and all claims, liabilities,
losses, damages and expenses incurred by an Indemnified Person (including, without limitation,
those arising out of an Indemnified Person’s negligence and reasonable fees and disbursements of
the respective Indemnified Person’s counsel) that (a) are related to, or arise out of, (i) actions
taken, or omitted to be taken (including, without limitation, any untrue statements made or any
statements omitted to be made) by any of the Clients or (ii) actions taken, or omitted to be taken,
by an Indemnified Person with any Client’s consent, in conformity with any Client’s instructions or
any Client’s actions or omissions or (b) are otherwise related to, or arise out of, Advisor’s
engagement, and will reimburse each Indemnified Person for all costs and expenses, including,
without limitation, fees and disbursements of any Indemnified Person’s counsel, as they are
incurred, in connection with investigating, preparing for, defending or appealing any action or
formal or informal claim, investigation, inquiry or other proceeding, whether or not in connection
with any pending or threatened litigation, caused by, arising out of or in connection with
Advisor’s acting pursuant to Advisor’s engagement, whether or not any Indemnified Person is named
as a party thereto and whether or not any liability results therefrom. None of the Clients will,
however, be responsible to any Indemnified Person for any claims, liabilities, losses, damages or
expenses pursuant to clause (b) of the immediately preceding sentence that have resulted primarily
from such Indemnified Person’s gross negligence or willful misconduct. The Clients also hereby
agree that no Indemnified Person shall have any liability to any Client for, or in connection with,
such engagement, except for any such liability for claims, liabilities, losses, damages or expenses
incurred by any Client that have resulted primarily from such Indemnified Person’s gross negligence
or willful misconduct. The Clients further hereby agree that none of them will, without the prior
written consent of Advisor, settle or compromise, or consent to the entry of any judgment in, any
pending or threatened claim, action, suit, inquiry or proceeding in respect of which
indemnification may be sought hereunder (whether or not any Indemnified Person is an actual or
potential party to such claim, action, suit, inquiry or proceeding), unless such settlement,
compromise or consent includes an unconditional release of Advisor and each other Indemnified
Person hereunder from all liability arising out of such claim, action, suit, inquiry or proceeding.
EACH CLIENT HEREBY AGREES AND ACKNOWLEDGES THAT THE FOREGOING INDEMNITY SHALL BE APPLICABLE TO ANY
CLAIMS, LIABILITIES, LOSSES, DAMAGES OR EXPENSES THAT HAVE RESULTED FROM, OR ARE ALLEGED TO HAVE
RESULTED FROM, THE ACTIVE OR PASSIVE OR THE SOLE, JOINT OR CONCURRENT ORDINARY NEGLIGENCE OF
ADVISOR OR ANY OTHER INDEMNIFIED PERSON.

The foregoing right to indemnity shall be in addition to any rights that Advisor or any other
Indemnified Person may have at common law or otherwise and shall remain in full force and effect
following the completion or any termination of the engagement or this Agreement. Each Client
hereby consents to personal jurisdiction and to service of process and venue in any court in which
any claim that is subject to this Agreement is brought against Advisor or any other Indemnified
Person.

 

2

 

The Clients hereby agree that this Section 6 shall be applicable, and enforceable with
respect, to any services provided by Advisor prior to the date first above written. It is
understood and agreed that, in connection with Advisor’s engagement, Advisor also may be engaged to
act for the Clients in additional capacities, and that the terms of any such additional engagements
may be embodied in one or more separate written agreements. This Section 6 shall apply to
the engagement specified in this Agreement, as well as to any such additional engagements (whether
written or oral) and any modification of this Agreement or such additional engagements and shall
remain in full force and effect following the completion or termination of this Agreement or such
additional engagements.

Each of the Clients further understands and agrees that if Advisor is asked to furnish any
Client a financial or legal opinion letter or act for any Client in any other formal capacity, such
further action shall be at the sole option of Advisor and may be subject to a separate agreement
containing provisions and terms to be mutually agreed upon.

7. Confidential Information. In connection with the performance of the services
hereunder, Advisor agrees not to divulge any confidential information, secret processes or trade
secrets disclosed by any Client or any of its subsidiaries to it solely in its capacity hereunder,
unless information, secret processes or trade secrets are publicly available or otherwise available
to Advisor without restriction or breach of any confidentiality agreement or unless required by any
governmental authority or in response to any valid legal process.

8. Miscellaneous.

(a) Entire Agreement. This Agreement constitutes the entire agreement and understanding of
the parties in respect of the subject matter hereof and supersedes all prior understandings,
agreements or representations by or among the parties, written or oral, to the extent they relate
in any way to the subject matter hereof.

(b) Successors and Assigns. All of the terms, agreements, covenants, representations,
warranties and conditions of this Agreement are binding upon, inure to the benefit of and are
enforceable by the parties and their respective successors and permitted assigns.

(c) Notices. All notices, requests and other communications provided for, or permitted to be
given, under this Agreement must be in writing and shall be given by personal delivery, by
certified or registered United States mail (postage prepaid, return receipt requested), by a
nationally recognized overnight delivery service for next day delivery, or by facsimile
transmission, as follows (or to such other address as any party may give in a notice given in
accordance with the provisions hereof):

If to the Company:

Immediatek, Inc.

8600 Freeport Parkway, Suite 220

Irving, Texas 75063

Attn: Chief Executive Officer

If to Advisor:

Radical Ventures LLC

5424 Deloache Avenue

Dallas, Texas 75220

Facsimile: (214) 696-2133

 

3

 

All notices, requests or other communications will be effective, and deemed given, only as
follows: (i) if given by personal delivery, upon such personal delivery, (ii) if sent by certified
or registered mail, on the fifth (5th) business day after being deposited in the United
States mail, (iii) if sent for next day delivery by overnight delivery service, on the date of
delivery as confirmed by written confirmation of delivery, (iv) if sent by facsimile, upon the
transmitter’s confirmation of receipt of such facsimile transmission, except that if such
confirmation is received after 5:00 p.m. (in the recipient’s time zone) on a business day, or is
received on a day that is not a business day, then such notice, request or communication will not
be deemed effective or given until the next succeeding business day. Notices, requests and other
communications sent in any other manner, including by electronic mail, will not be effective.

(d) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF TEXAS, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW PRINCIPLES.

(e) Submission to Jurisdiction; Waiver of Jury Trial.

(i) Submission to Jurisdiction. Any action, suit or proceeding seeking to enforce any
provision of, or based on any matter arising out of or in connection with, this Agreement shall
only be brought in any federal court located in Dallas County, Texas or any Texas state court
located in Dallas County, Texas, and each party consents to the exclusive jurisdiction and venue of
such courts (and of the appropriate appellate courts therefrom) in any such action, suit or
proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it
may now or hereafter have to the laying of the venue of any such action, suit or proceeding in any
such court or that any such action, suit or proceeding brought in any such court has been brought
in an inconvenient forum. Process in any such action, suit or proceeding may be served on any
party anywhere in the world, whether within or without the jurisdiction of any such court. Without
limiting the foregoing, service of process on such party as provided in Section 8(c) shall
be deemed effective service of process on such party.

(ii) Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES THAT ANY DISPUTE THAT MAY ARISE OUT OF OR
RELATING TO THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE,
SUCH PARTY HEREBY EXPRESSLY WAIVES ITS RIGHT TO JURY TRIAL OF ANY DISPUTE BASED UPON, OR ARISING
OUT OF, THIS AGREEMENT OR ANY OTHER AGREEMENTS RELATING HERETO OR ANY DEALINGS AMONG THEM RELATING
TO THE MATTERS CONTEMPLATED HEREIN. THE SCOPE OF THIS WAIVER IS INTENDED TO ENCOMPASS ANY AND ALL
ACTIONS, SUITS AND PROCEEDINGS THAT RELATE TO THE SUBJECT MATTER OF THIS AGREEMENT AND CONTEMPLATED
HEREBY, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND
STATUTORY CLAIMS. EACH PARTY HEREBY REPRESENTS THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF
ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT IN THE
EVENT OF ANY ACTION, SUIT OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) SUCH PARTY
UNDERSTANDS, AND WITH THE ADVICE OF COUNSEL HAS CONSIDERED, THE IMPLICATIONS OF THIS WAIVER, (iii) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY AND
(iv) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND REPRESENTATIONS IN THIS SECTION 8(e).

 

4

 

(f) Headings. The section headings contained in this Agreement are inserted for convenience
only and shall not affect in any way the meaning or interpretation of this Agreement.

(g) Amendments; Assignment. This Agreement may be amended only by a written instrument signed
by all the parties hereto. Neither this Agreement nor any of the rights, interests or obligations
hereunder shall be assigned without the prior written consent of all parties hereto; provided,
however, Advisor shall be entitled to assign this Agreement or any of its rights, interests or
obligations hereunder, either in whole or in part, to any one or more of its affiliates without the
prior written consent of the Clients.

(h) Extensions; Waivers. Any party may, for itself only, (i) extend the time for the
performance of any of the obligations of any other party under this Agreement, (ii) waive any
inaccuracies in the representations and warranties of any other party contained herein or in any
document delivered pursuant hereto or (iii) waive compliance with any of the agreements or
conditions for the benefit of such party contained herein. Any such extension or waiver will be
valid only if set forth in a writing signed by the party to be bound thereby. No waiver by any
party of any default, misrepresentation or breach of warranty or covenant hereunder, whether
intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation
or breach of warranty or covenant hereunder or affect in any way any rights arising because of any
prior or subsequent such occurrence. Neither the failure nor any delay on the part of any party to
exercise any right or remedy under this Agreement shall operate as a waiver thereof, nor shall any
single or partial exercise of any right or remedy preclude any other or further exercise of the
same or of any other right or remedy.

(i) Severability. The provisions of this Agreement will be deemed severable and the
invalidity or unenforceability of any provision will not affect the validity or enforceability of
the other provisions hereof; provided that if any provision of this Agreement, as applied to any
party or to any circumstance, is judicially determined not to be enforceable in accordance with its
terms, the parties agree that the court judicially making such determination may modify the
provision in a manner consistent with its objectives such that it is enforceable, and/or to delete
specific words or phrases, and in its modified form, such provision will then be enforceable and
will be enforced.

(j) Counterparts; Effectiveness. This Agreement may be executed in any number of
counterparts, each of which will be deemed an original but all of which together will constitute
one and the same instrument. This Agreement will become effective when one or more counterparts
have been signed by each of the parties and delivered to the other parties. For purposes of
determining whether a party has signed this Agreement or any document contemplated hereby or any
amendment or waiver hereof, only a handwritten original signature on a paper document or a
facsimile copy of such a handwritten original signature shall constitute a signature,
notwithstanding any law relating to or enabling the creation, execution or delivery of any contract
or signature by electronic means.

 

5

 

(k) Construction. This Agreement has been freely and fairly negotiated among the parties. If
an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if
drafted jointly by the parties and no presumption or burden of proof will arise favoring or disfavoring any party because of the authorship of any provision of this Agreement.
Any reference to any law will be deemed to refer to such law as in effect on the date hereof and
all rules and regulations promulgated thereunder, unless the context requires otherwise. The words
“include,” “includes,” and “including” will be deemed to be followed by “without limitation.”
Pronouns in masculine, feminine and neuter genders will be construed to include any other gender,
and words in the singular form will be construed to include the plural and vice versa, unless the
context otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,”
and words of similar import refer to this Agreement as a whole and not to any particular
subdivision, unless expressly so limited. The parties intend that each representation, warranty
and covenant contained herein will have independent significance. If any party has breached any
covenant contained herein in any respect, the fact that there exists another covenant relating to
the same subject matter (regardless of the relative levels of specificity) that the party has not
breached will not detract from or mitigate the fact that the party is in breach of the first
covenant.

(l) Limitation of Liability. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NO PARTIES
HERETO SHALL BE LIABLE FOR ANY LOST PROFITS, COSTS OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES,
OR FOR ANY OTHER INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES ARISING OUT OF,
OR IN CONNECTION WITH, THIS AGREEMENT, HOWEVER CAUSED, AND UNDER WHATEVER CAUSE OF ACTION OR THEORY
OF LIABILITY BROUGHT (INCLUDING, WITHOUT LIMITATION, UNDER ANY CONTRACT, NEGLIGENCE OR OTHER TORT
THEORY OF LIABILITY), EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. TO
THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ADVISOR’S AGGREGATE LIABILITY FOR DIRECT DAMAGES
UNDER THIS AGREEMENT (CUMULATIVELY) SHALL BE LIMITED TO THE AMOUNTS DEEMED CONTRIBUTED TO THE
CLIENTS HEREUNDER DURING THE TWELVE (12) MONTHS PRIOR TO THE TIME THAT THE CAUSE OF ACTION AROSE.

SIGNATURE PAGE FOLLOWS

 

6

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above.

	 	 	 	 	 
	 	THE COMPANY:

Immediatek, Inc.,

a Nevada corporation

 	 
	 	By:  	/s/ Timothy Rice
 	 
	 	 	Name:  	Timothy Rice 	 
	 	 	Title:  	President 	 
	 

	 	 	 	 	 
	 	ADVISOR:

Radical Ventures LLC,

a Delaware limited liability company

 	 
	 	By:  	/s/ Martin Woodall
 	 
	 	 	Name:  	Martin Woodall 	 
	 	 	Title:  	Vice President 	 
	 

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}]]