Exhibit 10.2.9

                          COPYRIGHT SECURITY AGREEMENT

            This COPYRIGHT  SECURITY AGREEMENT (the "Agreement") made as of this
15th day of May 2006, by PLAYBOY.COM,  INC., a Delaware corporation  ("Grantor")
in favor of Bank of  America,  N.A.,  in its  capacity  as Agent for the Lenders
party to the Credit Agreement (defined below) ("Grantee"):

                               W I T N E S S E T H

            WHEREAS, PEI Holdings, Inc. ("PEI"), Grantee and Lenders are parties
to that certain Amended and Restated Credit  Agreement dated as of April 1, 2005
(as the same may be amended,  restated,  supplemented or otherwise modified from
time to time, the "Credit Agreement"),  providing for extensions of credit to be
made to or for the benefit of PEI by Lenders;

            WHEREAS,  pursuant  to that  certain  Joinder  to  Master  Corporate
Guaranty of even date  herewith  pursuant to which Grantor has become a party to
that certain Master  Corporate  Guaranty dated as of March 11, 2003 (as the same
may be amended, restated,  supplemented or otherwise modified from time to time,
the "Guaranty") among Playboy Enterprises, Inc. ("Playboy"),  certain direct and
indirect  subsidiaries of PEI (collectively,  the "Other Grantors") and Grantee,
Grantor has guaranteed the Borrower's  Obligations (as defined in the Guaranty);
and

            WHEREAS,  pursuant  to the terms of a certain  Joinder  to  Security
Agreement of even date herewith  pursuant to which Grantor has become a party to
that  certain  Security  Agreement  dated as of March 11,  2003  among the Other
Grantors and Grantee (as the same may be amended or otherwise modified from time
to time,  the  "Security  Agreement"),  Grantor has granted to Grantee,  for the
benefit of  Lenders,  a lien on, and  security  interest  in, any and all right,
title and  interest  in,  and to the  Copyrights  (as  defined  in the  Security
Agreement),  whether now owned or  hereafter  created,  acquired or arising,  to
secure the  payment of all  obligations  of and  amounts  owing by PEI under the
Credit Agreement and Grantor's obligations under the Guaranty;

            NOW,  THEREFORE,  in  consideration of the premises set forth herein
and for other good and valuable consideration,  receipt and sufficiency of which
are hereby acknowledged, Grantor agrees as follows:

            1.  Incorporation  of Credit Agreement and Security  Agreement.  The
Credit Agreement and Security Agreement and the terms and provisions thereof are
hereby  incorporated  herein in their  entirety by this reference  thereto.  All
terms  capitalized but not otherwise defined herein shall have the same meanings
herein as in the Security Agreement.

            2. Grant and Reaffirmation of Grant of Security Interests. To secure
the payment and performance of the Obligations and Grantor's  obligations  under
the Guaranty,  Grantor hereby grants to Grantee, for its benefit and the benefit
of Lenders,  and hereby  affirms its grant  pursuant to the  Security  Agreement
(which  grant shall be deemed to have been made  simultaneously  herewith)  of a
lien on, and security interest in, any and all right,

<PAGE>

title and interest in and to the following (all of the following  items or types
of  property   being  herein   collectively   referred  to  as  the   "Copyright
Collateral"), whether now owned or hereafter created, acquired or arising:

            (i) any  copyrights,  copyright  registrations  and  copyright
      applications,   including  without  limitation,  the  United  States
      federal  copyright  registrations  and  applications  set  forth  on
      Schedule A hereto,  and all  renewals and  extensions  of any of the
      foregoing;

            (ii) all income, damages and payments now and hereafter due or
      payable with respect thereto, including, without limitation, damages
      and payments for past or future infringements thereof;

            (iii)  licenses  of any  of the  foregoing  to or  from  third
      parties and the royalties  and other  payments,  if any,  receivable
      thereunder;

            (iv)  the  right  to  sue  for  past,   present   and   future
      infringements thereof;

            (v) all rights corresponding thereto throughout the world; and

            (vi) Proceeds and products of the foregoing.

            Notwithstanding  the foregoing,  the Copyright  Collateral shall not
include any General  Intangibles  or other rights  arising under any  contracts,
instruments,  licenses or other documents to the extent that the grant of a Lien
or security  interest  therein  would (a) result in a breach of the terms of, or
constitute a default under,  such contract,  instrument,  license,  agreement or
other  document  (other  than to the extent that any such term would be rendered
ineffective pursuant to Sections 9-406, 9-407 or 9-408 of the Uniform Commercial
Code or any successor  provision of the Uniform  Commercial Code of any relevant
jurisdiction  or  other  applicable  law) or (b) give  any  other  party to such
contract,  instrument,  license or other  document  the right to  terminate  its
obligations  thereunder pursuant to a valid and enforceable provision (including
without  limitation in connection with the operation of Section 9-406,  9-407 or
9-408 of the Uniform Commercial Code or any other applicable law).


                                      -2-
<PAGE>

            IN WITNESS  WHEREOF,  Grantor has duly executed this Agreement as of
the date first written above.

                                             PLAYBOY.COM, INC.


                                             By
                                             Name: Robert Campbell
                                             Title: Treasurer

Agreed and Accepted
As of the Date First Written Above

BANK OF AMERICA, N.A.
as Agent


By: David A. Johanson
Its: Vice President
     --------------


                                      -3-
<PAGE>

                                 ACKNOWLEDGMENT

STATE OF                   Illinois )
                                    ) SS
COUNTY OF                  Cook     )

            I, Sue Ann Dickey,  a Notary  Public in and for and residing in said
County and State, DO HEREBY CERTIFY THAT Robert Campbell, of Playboy.com,  Inc.,
personally  known to me to be the same person  whose name is  subscribed  to the
foregoing instrument appeared before me this day in person and acknowledged that
he signed and delivered said instrument as his free and voluntary act and as the
free and voluntary act of the  corporations  set forth on the signature  page of
the foregoing instrument for the uses and purposes therein set forth.

            GIVEN under my hand and notarial seal this 5th day of May, 2006.

                                                     Sue Ann Dickey
                                                     Notary Public

                                                     My Commission Expires:

                                                     September 2, 2007


                                      -4-
<PAGE>

                                 ACKNOWLEDGMENT

STATE OF                   Illinois )
                                    ) SS
COUNTY OF                  Cook     )

            I, Maria  Paggao,  a Notary  Public in and for and  residing in said
County and State,  DO HEREBY  CERTIFY THAT David A. Johanson of Bank of America,
N.A.,  personally  known to me to be the same person whose name is subscribed to
the foregoing  instrument appeared before me this day in person and acknowledged
that ___he signed and  delivered  said  instrument as his own free and voluntary
act and as the  free  and  voluntary  act of said  __________  for the  uses and
purposes therein set forth.

            GIVEN under my hand and notarial seal this 1st day of May, 2006.

                                                Maria Paggao
                                                Notary Public

                                                My Commission Expires:

                                                02/01/09


                                      -5-
<PAGE>

                                   SCHEDULE A

                             COPYRIGHT REGISTRATIONS

    Copyright Title                                  U.S. Registration No.
    ---------------                                  ---------------------

                             COPYRIGHT APPLICATIONS

Copyright Application
---------------------