Document:

STATIONDIGITAL CORPORATION

 

Promissory Note

Los Angeles, California

May 15, 2014

 

FOR VALUE RECEIVED, the undersigned, STATIONDIGITAL
CORPORATION, a Delaware corporation (the “Company”), having a principal place of business located at 9465
Wilshire Blvd, Suite 300, Beverly Hills, CA 90212, hereby promises to pay to GoldenHeart Holdings LLC (“Holder”),
the principal amount of Five Million Six Hundred Seventy Six Thousand Four Hundred and Seventy Eight Dollars ($5,676,478), which
is StationDigital Corporation’s documented Payable to GoldenHeart Holdings per StationDigital Corporation’s audited
financial statements as of December 31, 2013, with interest thereon if any, in lawful money of the United States, on the terms
set forth in Section 1 of this Note (the “Note”).

 

		1.	Payments of Interest and Principal.

 

		(a)	The outstanding principal balance of this Note along with accrued interest as provided for herein
shall be due and payable immediately upon the Company generating more than Five Hundred Thousand Dollars ($500,000) of gross revenue
in any give month.

		(b)	The outstanding principal balance of this Note along with accrued interest as provided for herein
shall be due and payable immediately upon Timothy Roberts resigning or being terminated by the Company with or without cause.

		(c)	In any event, the outstanding principal balance of this Note along with accrued interest as provided
for herein shall be due and payable, no later than May 15, 2016 (“Maturity Date”); Company may prepay.

		(d)	From the date hereof through the Maturity Date, no interest will accrue on the unpaid principal
balance.

		(e)	All amounts payable hereunder shall be made by the Company by wire transfer or by any other method
approved in advance by Holder at the place designated by Holder in writing to the Company in immediately available and freely transferable
funds at such place of payment.

 

2.           Covenants. The Company covenants
and agrees that so long as the Note is outstanding and until all principal and accrued interest and other amounts due hereunder
have been paid in full, unless otherwise consented to by the Holder in writing:

 

(a) The Company shall
not take any action to dissolve and shall not sell any significant asset or assets (whether in one or more transactions) for less
than fair and valuable consideration;

 

(b) The Company shall
not divest, sell, assign, convey or dispose of any assets of the Company outside the ordinary course of business other than for
fair and valuable consideration.

 

3.           Default and Remedies.

 

(a) The following events
shall constitute events of default (any of which is referred to as an “Event of Default”) under this Note:

 

(i) The Company fails
to make any payment of interest, principal or any other amounts, when due under this Note for five (5) days after the payment is
due to the Holder;

 

(ii) The Company fails
to perform any term, covenant or agreement contained in this Note and such failure is not cured within five (5) days after receipt
by the Company of notice of such failure;

 

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(iii) The Company shall
commence a voluntary case concerning itself under the Bankruptcy Code in Title 11 of the United States Code (as amended, modified,
succeeded or replaced, from time to time, the “Bankruptcy Code”); or an involuntary case is commenced against the Company
under the Bankruptcy Code and the petition is not dismissed within ninety (90) days after commencement of the case; or a custodian
(as defined in the Bankruptcy Code) is appointed for, or takes charge of all or substantially all of the property of the Company;
or the Company commences any other proceeding under any reorganization, arrangement, adjustment of the debt, relief of creditors,
dissolution, insolvency or similar law of any jurisdiction whether now or hereafter in effect relating to the Company; or there
is commenced against the Company any such proceeding which remains undismissed for a period of ninety (90) days; or the Company
is adjudicated insolvent or bankrupt; or any order of relief or other order approving any such case or proceeding is entered; or
the Company suffers appointment of any custodian or the like for it or for any substantial part of its property to continue unchanged
or unstayed for a period of ninety (90) days; or the Company makes a general assignment for the benefit of creditors; or any corporate
action is taken by the Company for the purpose of effecting any of the foregoing; or

 

(iv) One or more judgments
shall be entered against the Company involving a liability of One Million Dollars ($1,000,000) or more in the aggregate for all
such judgments for the Company collectively and any such judgments shall not have been vacated, discharged or stayed or bonded
pending appeal within sixty (60) days from the entry thereof.

 

(b) Upon the occurrence
of any Event of Default, and at any time thereafter, the Holder may take any of the following actions without prejudice to the
rights of the Holder to enforce its claims against the Company except as otherwise specifically provided for herein:

 

(i) declare the unpaid
principal and any accrued and unpaid interest in respect of this Note to be due, whereupon the same shall be immediately due and
payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Company;

 

(ii) reduce any claim
to judgment;

 

(iii) without notice
of default or demand, pursue and enforce any of the Holder’s rights and remedies under this Note, or otherwise provided under
or pursuant to any applicable law or agreement.

 

(c) If any amount,
whether principal, interest or other payment, on this Note is not paid when due, the Company shall pay all fees and costs of collection,
including, but not limited to, reasonable attorneys fees incurred by the Holder, whether or not suit is filed hereon. The rights
and remedies of the Holder as provided in this Note shall be cumulative and may be pursued singly, successively, or together.

 

4.           Maximum Interest. All agreements
between the Company and the Holder are expressly limited so that in no contingency or event shall the amount paid or agreed to
be paid to the Holder for the use, forbearance or detention of the money to be loaned hereunder exceed the maximum amount permissible
under the applicable federal and state usury laws. It is therefore the intention of the Company and the Holder to conform strictly
to state and federal usury laws applicable to this loan and to limit the interest paid on this Note to the amount herein stated
or the highest rate of interest according to law, whichever is the lesser. Therefore, in this Note or in any of the documents relating
hereto, the aggregate of all interest or any other charges constituting interest under the applicable law contracted for, chargeable,
or receivable under this Note or otherwise in connection with this Note shall under no circumstances exceed the maximum amount
of interest permitted by law. If any excess of interest in such respect is provided for or shall be adjudicated to be so provided
for in this Note or in any of the documents securing payment hereof or otherwise relating hereto, then in such event:

 

(a) The provisions
of this Section 4 shall govern and control;

 

(b) Neither the Company,
its successors or assigns nor any other party liable for the payment hereof shall be obligated to pay the amount of such interest
to the extent that it is in excess of the maximum permitted by law;

 

(c) Any excess of said
interest shall be deemed a mistake and is hereby canceled automatically and if theretofore paid, shall at the option of the Holder
be refunded to the Company or, to the extent permitted by law, credited to the principal amount of said Note as a prepayment; and

 

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(d) The effective rate
of interest shall be automatically subject to reduction to the maximum lawful contract rate allowed under said law as is now or
may hereinafter be construed by courts of appropriate jurisdiction and to the extent permitted by law, the determination of the
rate of interest shall be made by amortizing, prorating, allocating and spreading in equal parts during the period of the full
stated term of the loan, all interest at any time contracted for, charged or received from the Company in connection with said
loan.

 

6.           Waiver. The Company hereby
waives presentment, demand for payment, notice of dishonor or acceleration, protest and notice of protest, and any and all other
notices or demands in connection with the delivery, acceptance, performance, default or enforcement of this Note, excepting any
notice requirements specifically set forth herein.

 

7.           Governing Law. This Note and
the rights and obligations of the parties hereunder shall be governed by and construed and interpreted in accordance with the laws
of the State of California without giving effect to principles of conflict of laws contained therein.

 

8.           Notices. All notices which
either party may be required or desire to give to any other party shall be in writing and shall be given by personal service, telecopy,
registered mail or certified mail (or its equivalent), or overnight courier to the other party at its respective address first
above written. Mailed notices and notices by overnight courier shall be deemed to be given upon actual receipt by the party to
be notified. Notices delivered by telecopy shall be confirmed in writing by overnight courier and shall be deemed to be given upon
actual receipt by the party to be notified. A party may change its address or addresses set forth above by giving the other parties
notice of the change in accordance with the provisions of this section.

 

9.           Headings. The headings of
the sections of this Note are inserted for convenience only and do not constitute a part of this Note.

 

10.         Assignment. This Note and
the rights and obligations herein may not be assigned by the Company without the prior written consent of the Holder.

 

REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK

 

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IN WITNESS WHEREOF, the Company has caused
this Note to be signed in its corporate name by its duly authorized officer, and to be dated the day and year first above written.

 

	STATIONDIGITAL CORPORATION	 
	 	 
	By:	 	 
	Name:	Timothy Roberts	 
	Its:	Chairman and CEO	 

 

Accepted and agreed:

 

	GoldenHeart Holdings, LLC	 
	 	 
	By:	 	 
	Name:	Timothy Roberts	 
	Its:	Managing Member	 

 

    	Page 4 of 4Exhibit 10.8

 

WATER AGREEMENT

 

THIS MULTIPARTY AGREEMENT is made and entered
into this 1st day of October, 1976, by and among the following:

 

DONALD WORLEY and BYRDEEN WORLEY, husband and wife, and WESTERN
AG LAND PARTNERS, a limited partnership, herein referred to as “ICE HARBOR FARM OWNERS”

 

and

 

P. J. TAGGARES, SENECA FOODS CORPORATION, EDWARD J. SPIEGEL,
and BARBARA S. LINHART, a joint adventure, referred to herein as “SNAKE·RIVER VINEYARDS OWNERS”

 

and

 

JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY, herein referred
to as “JOHN HANCOCK”

 

and

 

PRUDENTIAL INSURANCE COMPANY OF AMERICA, herein referred to
as “PRUDENTIAL”

 

and

 

ICE HARBOR IRRIGATION CO., a Washington corporation, herein
referred to as “IRRIGATION COMPANY”

 

RECITALS:

 

1.          Ice
Harbor Farm, described on Annex “A”, is owned by Ice Harbor Farm Owners. Ice Harbor Farm Owners have obtained a mortgage
loan commitment from Prudential for a mortgage loan. Prudential has agreed to disburse funds under such loan commitment and as
security therefor, will be given a first mortgage on Ice Harbor Farm ·and appurtenances, and a security interest in irrigation
equipment installed on said lands.

 

2.          Snake
River Vineyards, described on Annex "B", is owned by Snake River Vineyards Owners, and Snake River Vineyards is subject
to a first real estate mortgage and security agreement held by John Hancock recorded May 5, 1972, as Instrument No. 520950 in Book
325 of Mortgages, Page 40, records of Walla Walla County, Washington, and to a supplemental real estate mortgage and security agreement
held by John Hancock recorded June 7, 1973, as Instrument No. 529731in Volume 5 of Records, Page 644, records of Walla Walla County,
Washington, and to financing statement No. S 7459N9100 filed with the Secretary of State of the State of Washington, and with the
Auditor of Walla Walla County, Washington, May 5, 1972, and also filed June 7, 1973.

 

3.          Irrigation
Co., the owner of certain of the major components of the integrated irrigation system supplying water to Ice Harbor Farm and Snake
River Vineyards, is owned by Ice Harbor Farm Owners and Snake River Vineyard Owners and is dependent upon such owners for all funds
for the operation and maintenance of its irrigation system.

 

4.          The
parties hereto, or their predecessors in interest, entered into a Water Contract dated April 27, 1972, recorded in the office of
the Auditor of Walla Walla County as Auditor's File No. 520957. That said Water Contract was amended and supplemented by a certain
Water Payment Agreement dated the 24th day of July, 1973.

 

    	 

    	 

    

 

5.          Prior
hereto, the Ice Harbor Farm was subject to a mortgage to Connecticut General, which said mortgage is being paid and ·the
same released and satisfied through the financing being furnished to the Ice Harbor Farm Owners by Prudential.

 

6.          The
parties hereto wish to enter into this agreement in substitution of the Water Contract dated April 27, 1972, and the Water Payment
·Agreement dated July 24, 1973.

 

NOW, THEREFORE, THE PARTIES DO AGREE AS
FOLLOWS:

 

1.          Irrigation
Water: Irrigation Co. agrees to pump from the Snake River and to deliver to the mainlines servicing Ice Harbor Farm and Snake
River Vineyards irrigation water as needed by each, and in accordance with the water rights of Ice Harbor Farm and Snake River
Vineyards.

 

2.          System
Maintenance and Operation: Irrigation Co. shall operate those components of the irrigation system owned by Irrigation Co. and
will provide the power, supervision, labor, repairs, maintenance and replacements as are or may be needed for the continuous and
efficient operation of the irrigation system.

 

3.          Charges:
Funds for the operation, maintenance and repair of the irrigation plant and system by Irrigation Co. shall be supplied to the Irrigation
Co. by Ice Harbor Farm Owners and Snake River Vineyard Owners in the following manner: The parties agree to calculate their respective
water expenses in each crop year by multiplying the number of acres of each irrigated crop in such year times the number of acre
feet of water for each irrigated crop as Shown on the chart of the Washington Agricultural Experiment Station, College of Agriculture
of Washington State University being Station Circular 512; dated November, 1969, and entitled “Irrigation Water Requirements
Estimated for Washington," such chart being attached hereto and incorporated herein. The acre feet estimates for Kennewick,
Washington, shall be used. After the total number of acre feet used by each party is thus determined, each party shall pay that
portion of the expense of the water company that its total acre feet of water used bears to the total acre feet of water supplied.
Provided, however, that in the event the Irrigation Co. shall install metering devices to actually measure the quantity of irrigation
water delivered to each farm, the total expenses of the Irrigation Co. shall be shared by the party in the proportion that such
party's actual water use in each crop year bears to the total actual water used during such year. On or before February 1 at the
beginning of each crop season, the Snake River Vineyards and the Ice Harbor Farm will supply Irrigation Co. with sufficient monies
to maintain Irrigation Co.’s reserve operating fund at $10,000.00. Each party's contribution to said fund to be in the same
proportion that such party's water used for the preceding crop year bore to the total irrigation water supplied by Irrigation Co.
to Ice Harbor Farm and Snake River Vineyards in that year. Ice Harbor Farm Owners and Snake River Vineyard Owners will pay Irrigation
Co. operating funds as needed based upon monthly billings by Irrigation Co. which said billings shall be proportioned on the basis
of the previous year's water use in the same manner as aforesaid. Should Snake River Vineyard Owners and Ice Harbor Farm Owners,
or either of them, fail to pay such billings within 60 days after mailing thereof, then Irrigation Co. may refuse to deliver irrigation
water to such delinquent owner until such billing is fully paid. Upon completion of each crop season, appropriate adjustments will
be made so that the total amount billed and paid by each owner shall be in compliance with the provisions of this paragraph. No
party shall be required to contribute to any capital expenditure unless such party shall have consented to such capital expenditure.

 

4.          Notice
to Mortgagees: Duplicate copies of all billings will be mailed by Irrigation Co. to John Hancock and Prudential. Irrigation
Co. shall give 60 days prior notice to the mortgagees before shutting off the irrigation water supply to any delinquent owners.

 

    	 

    	 

    

 

5.          Water
Rights: Irrigation Co. shall do all things reasonably necessary to maintain in full force and effect the Snake River water
rights appurtenant to Ice Harbor Farm and Snake River Vineyards.

 

6.          Accounts
and Records: The accounts and records of Irrigation Co. may be inspected by the owners of Ice Harbor Farm and Snake River Vineyards
upon request, at all reasonable times.

 

7.          Modification
and Assignment: This Water Agreement shall not be modified nor assigned nor shall any of the major components of the irrigation
plant or easements, licenses and similar properties be transferred without the prior consent of all parties. Provided, however,
that the parties hereto do consent to the assignment of the interest herein of Ice Harbor Farm Owners to the Prudential Insurance
Company of America as security for the loan to be made by Prudential to· the Ice Harbor Farm Owners as described in Recital
1 herein, and provided the parties do consent to the assignment of the interest herein of Snake River Vineyards to John Hancock
as security for John Hancock loan as described in Recital 2 herein.

 

8.          Term:
This Water Agreement shall continue from the date hereof to and including December 31, 2006, and shall be automatically renewed
from year to year thereafter unless any party hereto shall notify the other parties of its election to terminate the agreement
by a 30 day notice in writing. In the event such notice is given on or before December l of any year Commencing with the year 2007,
this agreement shall be terminated effective December 31 of such year. Provided, however, that this agreement may not be terminated
and shall remain in full force and effect until Prudential ceases to have any right title or interest to the real property described
on Annex "A" as mortgagee owner or otherwise, and until John Hancock shall cease to have any right, title or interest
in the real property described on Annex "B" as mortgagee owner or otherwise, whereupon each such respective insurance
company shall have no further interest to or claim under this agreement and its rights thereunder shall cease.

 

9.          Benefit:
This Water Agreement shall be binding upon and inure to the benefit of the heirs and successors of the parties hereto.

 

10.         Time
of Effect: This agreement shall be effective ·at such time as it has been executed by all of the parties hereto and
upon such execution and this agreement becoming effective that certain Water Contract dated April 27, 1972, referred to herein
and that certain Water Payment Agreement of July 24, 1973, shall be terminated and at an end and of no effect.

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties hereto have set their hands
and seals the day and year first above written.

 

	ICE HARBOR FARM OWNERS:	 	SNAKE RIVER VINEYARDS OWNERS:
	 	 	 
	/s/ Donald Worley	 	/s/ P. J. Taggares
	DONALD WORLEY	 	P. J. TAGGARES
	 	 	 
	 	 	SENECA FOODS CORPORATION
	/s/ Byrdeen Worley	 	 	 
	BYRDEEN WORLEY	 	 	 
	 	 	 	By:	 
	 	 	 	 	 
	 	 	 	Its:	President
	 	 	 	 	 
	WESTERN AG LAND PARTNERS	 	 	 
	 	 	 	 
	 	 	 	/s/ Edward J. Spiegel
	By:	/s/ Don Worley	 	EDWARD J. SPIEGEL
	 	 	 	 	 
	Its:	General Partner	 	 	 
	 	 	 	/s/ Barbara S. Linhart
	JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY	 	BARBARA S. LINHART, by Edward Spiegel, Attorney in Fact
	 	 	 	 	 
	By:	 	 	/s/ P. J. Taggares
	 	 	 	P. J. TAGGARES
	ICE HARBOR IRRIGATION CO.	 	PRUDENTIAL INSURANCE COMPANY OF AMERICA
	 	 	 	 	 
	By:	/s/ Don Worley	 	 	 
	 	 	 	By:	/s/ Robert E. Wilson
	Its:	President	 	 	 
	 	 	 	 	 
	By:	/s/ Byrdeen Worley	 	 	 
	 	 	 	 	 
	Its:	Secretary	 	 	 

 

    	 

    	 

    

 

ANNEX “A”

 

TOWNSHIP 8 NORTH, RANGE 31 EAST OF THE WILLAMETTE MERIDIAN

 

All of Section 1;

 

The north half and the southeast quarter of Section2;

That portion of Section 3 lying south east of the

easterly line of the right of way of the Oregon-Washington Railroad & Navigation Company.

 

EXCEPTING therefrom the following described tract, to-wit:

Beginning at the southeast corner of Section 3 in Township 8 north, Range 31 east of the Willamette Meridian, and running thence
north 00°19’42” west, along the east line of said Section 3, a distance of 1,083.80 feet; thence south 89°32’18’west
3,019.80 feet more or less to a point in the easterly right of way line of said Oregon-Washington Railroad & Navigation Company;
thence south 34°32’33” west, along said easterly right of way line, 1,323.00 feet to a point in the south line
of said Section 3, a distance of 3,775.85 feet more or less to the point of beginning.

 

All of Section 11 and 12.

 

TOWNSHIP 8 NORTH, RANGE 32 EAST OF THE WILLAMETTE MERIDIAN

 

All of Section 6;

 

EXCEPTING therefrom the following described tract, to-wit:

 

Beginning at the northeast corner of said Section 6; thence
south 00°33’02” west along the east line of said Section 6, a distance of 3,216.64 feet to the TRUE POINT OF BEGINNING;
thence south 55°29’19” west a distance of 66.22 feet; thence south 39°01’34” west a distance of
1619.19 feet; thence south 45°26’33” east a distance of 719.71 feet to a point on the south line of Section 6;
thence south 88°49’32” east along said south line, a distance of 1,031.87 feet to the southeast corner of said
Section6; thence north 00°33’02” east, along the east line of said Section 6, a distance of 2,159.30 feet to the
said true point of beginning.

 

All of Section 7.

 

TOWNSHIP 9 NORTH, RANGE 31 EAST OF THE WILLAMETTE MERIDIAN

 

That portion of the southeast quarter of Section 24 lying south
and east of the southerly line of the right of way of the Oregon-Washington Railroad and Navigation Company.

 

That portion of Section 25 lying south and east of the easterly
line of the right of way of the Oregon-Washington Railroad & Navigation Company.

 

That portion of the southeast quarter of the southeast quarter
of Section 26 lying south and east of the easterly

 

    	 

    	 

    

 

ANNEX “B”

 

All of Sections 29, 30, 31 and 32; south half of south half
of Section 19; northeast quarter of Section 20, EXCEPT the west half of the west half of the west half thereof; the southeast quarter
of Section 20; the southwest quarter of Section 20, EXCEPT the north half of the north half of the north half thereof, all in Township
9 north, Range 32 east of the Willamette Meridian.

 

EXCEPTING therefrom the following described tract, to wit:

 

That portion of the north 3838.17 feet of Section 30, in Township
9 north, Range 32 east of the Willamette Meridian, lying southerly in State Highway No. 124, EXCEPT the easterly 40 feet thereof
and EXCEPT road right of way.

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