Contract Date

:  08/03/05

Contract No.

:





|Licensor                    | KARMA MEDIA INC.
13101 WASHINGTON Blvd.   Suite 220
Los Angeles, CA 90066                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|--------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Licensee                    | LatinAmerica Broadcasting Inc.
Corporate Offices
Attn: Patricia Torres-Burd _ Exec. VP Of Programming & Branding                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|Licensed Programs           | PROGRAM SERIES: ESTELLE ́S PARADISE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Total No. Of Hours Licensed | Twenty Six (26) episodes  26 x 30 minute episodes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|No. Of Transmissions        | 4 times per episode / per year = 12 times per episode for a three (3) year period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|Period                      | Three (3) Years, Agreement signed April 2005 and broadcast agreement time-line to begin at launch date of Sept/October 2005                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Licensed Rights             | LPTV  Houston, Dallas, San Antonio, Austin and Phoenix                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|Exclusivity                 | Non exclusive                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|Territory                   | Above 5 markets with the understanding that : OPTION TO RENEW AND TERRITORIAL EXTENSION -- Both parties agree that LATINAMERICA may only broadcast each of the programs of THE SERIES  4 times each year during the 3 year period - for a total of 12 runs per episode for the duration that this contract will be valid. If LATINAMERICA should wish to increase the number of transmissions these would be subject to a new contract. Additionally, as LatinAmerica Broadcasting Inc. expands with affiliate markets it will inform LICENSOR and negotiate additional broadcast rights for markets added outside the original market areas.
|Licensed Language           | Spanish                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|Broadcast Language          | Spanish                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|Subtitles                   | n/a                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|License Fee                 | A Total of Twenty Six Thousand US Dollars (US$ 26,000)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Materials                   | 1)   Betacam SP NTSC (Stereo).
2)   Written Scripts.
3)   Promotional Materials (synopsis/color stills/slides etc.)
(Provided gratuitously by the Licensor )
4)   Video promotional materials.                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Delivery Of Materials       | Delivery to Licensee shall be at Licensor's expense.
Return to Licensor shall be at Licensees expense.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|Delivery Terms              | All episodes must be delivered (as specified) to Licensee by
This may change in the next 30 days
To: LatinAmerica Broadcastings Inc.
2437 Bay Area Blvd.
Suite 144
Houston, TX 77058
Attn: Patricia Torres-Burd                                                                                                                                                                                                                                                                                                                                                                                                                              
|Payment Schedule            | US. $ 5,000.00 on Signature  (for the first 5 episodes) followed by 7 equal payment installments of $ 3,000 beginning June 10, July 10, August 10, September 10, October 10, and November 10, and December 10, 2005.  (Each payment guaranteeing delivery of the next 3 episodes)                                                                                                                                                                                                                                                                                                                                                            























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KARMA MEDIA INC.

LatinAmerica Broadcasting Inc.