AGREEMENT

Exhibit 10.12

AGREEMENT

This AGREEMENT (the “Agreement”) is entered into as of the first day of January, 2001, by and among BASTET BROADCASTING, INC. (“Bastet”), MISSION BROADCASTING OF WICHITA FALLS, INC. (“Mission Wichita Falls”), and MISSION BROADCASTING OF AMARILLO, INC. (“Mission Amarillo” and, together with Bastet and Mission Wichita Falls, the “Companies”), XXXXX X. XXXXX, a resident of the State of Ohio and XXXXXX X. XXXXX, a resident of the State of Ohio.

WITNESSETH

WHEREAS, Bastet is the owner of television broadcast stations WFXP, Erie, Pennsylvania and WYOU, Scranton, Pennsylvania, Mission Wichita Falls is the owner of television broadcast stations KJTL and KJBO-LP, Wichita Falls, Texas and Mission Amarillo is the owner of television broadcast stations KCIT and KCPN-LP, Amarillo, Texas (the television broadcast stations are collectively, the “Stations”); and

WHEREAS, Xxxxx X. Xxxxx is the President of each of the Companies, and performs certain functions in connection therewith; and

WHEREAS, Xxxxxx X. Xxxxx is the Vice President of each of the Companies, and performs certain functions in connection therewith; and

WHEREAS, the Companies pay Xxxxx X. Xxxxx and Xxxxxx X. Xxxxx for the services they provide with respect to the Stations; and

WHEREAS, the Companies desire that Bastet make the payments to Xxxxx X. Xxxxx and Xxxxxx X. Xxxxx for the services they provide to all the Stations, and each Company will reimburse Bastet for the portion of the payments relating to its respective Station;

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, agree as follows:

1.    Xxxxx X. Xxxxx and Xxxxxx X. Xxxxx perform certain services for the Companies with respect to the business of the Stations, including, but not limited to, FCC regulatory compliance, filing of FCC applications and reports, management of the Stations’ finances, programming, personnel and payroll, review and filing of state and federal tax returns and any other necessary state filings for the Companies, and general duties as officers and directors of the Companies.

2.    As compensation for the foregoing services, the Companies will pay Xxxxx X. Xxxxx no more than the following amounts per year:

Company		Stations		Amount
Bastet Broadcasting, Inc.		WFXP WYOU		$	50,000 50,000
Mission Wichita Falls		KITL/KJBO-LP			50,000
Mission Amarillo		KCIT/KCPN-LP			50,000
TOTAL				$	200,000

3.    As compensation for the foregoing services, the Companies will pay Xxxxxx X. Xxxxx an hourly salary to be agreed upon between Xxxxxx X. Xxxxx and the Companies.

4.    Subject to paragraph 2 above, Bastet agrees to pay Xxxxx X. Xxxxx compensation to be agreed upon for and on behalf of the Companies, and each Company agrees to reimburse Bastet for the compensation payments relating to that Company. Bastet also agrees to pay Xxxxxx X. Xxxxx the amounts set forth in paragraph 3 hereof for and on behalf of the Companies, and each Company agrees to reimburse Bastet for the payments relating to that Company.

5.    This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.

6.    This Agreement may be executed in counterparts, each of which shall be deemed an original and together which shall constitute one and the same instrument.

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IN WITNESS WHEREOF, the parties have entered into this Agreement as of the date first stated above.

BASTET BROADCASTING, INC.
By:		/S/    XXXXX X. XXXXX
		Xxxxx X. Xxxxx, President
MISSION BROADCASTING OF WICHITA FALLS, INC.
By:		/S/    XXXXX X. XXXXX
		Xxxxx X. Xxxxx, President
MISSION BROADCASTING OF AMARILLO, INC.
By:		/S/    XXXXX X. XXXXX
		Xxxxx X. Xxxxx, President
.
By:		/S/    XXXXX X. XXXXX
		Xxxxx X. Xxxxx, an individual
By:		/S/    XXXXXX X. XXXXX
		Xxxxxx X. Xxxxx, an individual