| **1.  ** | **Term** |
|--------------------|----------|

| a.   | The                  Joint Venture will have a term of six (6) months, with a renewable                  term of                  six (6) months that may be enacted only upon mutual agreement of                  the                  parties. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   | Either                  party can terminate this Memorandum with 30 days notice providing                  that if                  a Joint Venture Event is in development or production that the                  Joint                  Venture will remain in force until the closing of the Joint Venture                  Event                  and the termination will affect all other Joint Venture activities. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   | Both                  parties agree to provide to the other party 14 days to remedy any                  action                  that may be deemed as a default of any of the provisions hereunder.                  If                  remedies cannot be reached through this provision, Section eleven                  (11)                  will be enacted. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **2.  ** | **Joint                  Venture Responsibilities of Livestar.**Livestar                  agrees to provide the following production support to the Joint                  Venture: |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a.   | Livestar                  to commit to co-producing the Joint Venture                  Events. |
|----------------|------------------------------------------------------------------------------------------------|

| b.   | Livestar                  will provide the following capital to the Joint                  Venture: |
|----------------|-----------------------------------------------------------------------------------------------------|

| i.   | providing                  of up to $300,000 for production costs as per the following schedule; |
|----------------|--------------------------------------------------------------------------------------------------|

| ii.   | September                  21, 2004$50,000 |
|-----------------|--------------------------------------------|

| iii.   | September                  30, 2004$100,000 |
|------------------|---------------------------------------------|

| iv.   | October                  14, 2004$75,000 |
|-----------------|------------------------------------------|

| v.   | October                  28, 2004$75,000 |
|----------------|------------------------------------------|

| c.   | Livestar                  will provide co-production staff in the capacities of executive                  production, administration marketing/promotional support and accounting. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **3.  ** | **Joint                  Venture Responsibilities of Coolworld**.                  Coolworld agrees to provide the following to the Joint                  Venture: |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a.   | Coolworld                  will provide to the Joint Venture Events ;executive production,                  production, talent buying,                  marketing. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **4.  ** | **Joint                  Venture Marketing Arrangement.**                  The Parties agree to the following Joint Venture Marketing agreement.                  (Both Parties agree that the following may be altered to include                  additional items upon mutual agreement): |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a.   | Coolworld                  will provide to Livestar placement of the Livestar Logo and credit                  as                  co-Presenter and co-Production Partner on the                  following; |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i.   | on                  all marketing materials regarding each Joint Venture Event or Future                  Joint                  Venture Event |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| ii.   | on                  all tickets or passes of each Joint Venture Event or Future Joint                  Venture                  Event |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------|

| iii.   | on                  the Coolworld website or Website for each Joint Event or Future                  Joint                  Venture Event |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| iv.   | on                  all backdrops (ie the “Stand and Turn” back drop for the photo area of any                  Joint Venture Event or Future Joint Venture Event |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| v.   | placement                  of |
|----------------|-------------------------------|

| b.   | Livestar                  will provide to Coolworld placement of the Coolworld Logo and credit                  as                  co-Presenter and co-Production Partner on the                  following; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i.   | on                  all marketing materials regarding each Joint Venture Event or Future                  Event                  the Livestar produces |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| ii.   | on                  the Livestar consumer site and in the partners section of the Livestar                  corporate site |
|-----------------|----------------------------------------------------------------------------------------------------------------------------|

| c.   | Both                  Parties agree to mutual work to provide both Parties will equitable                  exposure in the marketing of each Joint Venture Event or Future                  Joint                  Venture Event. For example, the placement of Coolworld and Livestar                  signage at locations during each Joint Venture Event or Future                  Joint                  Venture Event. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **5.  ** | **Joint                  Venture Corporate Structure.**                  A                  new Corporation (New Co) will be formed for the Joint Venture. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a.   | New                  Co will be owned as per the following structure: |
|----------------|-----------------------------------------------------------------------|

| i.   | Livestar                  51% of the common stock |
|----------------|---------------------------------------------------|

| ii.   | Coolworld                  49% of the common stock |
|-----------------|----------------------------------------------------|

| b.   | Corporate                  Governance will be set in place as mutually agreed by the parties,                  including but not limited to, the                  following: |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i.   | Sason                  Parry will be set as a shareholder w/                  Liability |
|----------------|-----------------------------------------------------------------------------------------|

| ii.   | A                  separation agreement will be set                  up. |
|-----------------|--------------------------------------------------------------------------|

| iii.   | Shareholder                  agreements will be set up. |
|------------------|---------------------------------------------------------|

| c.   | All                  accounting for the Joint Venture will be done as per a structure                  determined by the accounting staff of Livestar. The structure will                  keep in                  mind the spirit of the Joint Venture but both parties acknowledge                  of the                  structure will be set up to be public company compliant as per                  Livestar’s                  accounting policies and procedures. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d.   | Dividends                  of each New Co will be paid as following: |
|----------------|----------------------------------------------------------------------|

| i.   | Livestar                  50% |
|----------------|-------------------------------|

| ii.   | Coolworld                  50% |
|-----------------|--------------------------------|

| **6.  ** | **Joint                  Venture Rights.**                  Livestar has the intent to execute many or all of the following                  rights                  afforded to it by Coolworld under this Memorandum. Livestar plans                  to,                  under the right conditions, exercise its rights of many of all                  of the                  following rights within 6 months of the execution of this Memorandum.                  Additionally, if Livestar exercises any of the rights or options                  it has                  retained hereunder additional agreements will be finalized pertaining                  to                  the particular right or rights under mutual acceptable terms by                  Livestar                  and Coolworld. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a.   | Livestar                  retains first right of refusal to joint venture with Coolworld                  in regards                  to future Coolworld events (Future Joint Venture                  Events). |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   | Livestar                  has first right of refusal to purchase 100% of                  Coolworld. |
|----------------|------------------------------------------------------------------------------------------------------|

| c.   | Livestar                  has first right to hire Sason Parry as Staff in the capacity                  of: |
|----------------|-------------------------------------------------------------------------------------------------------------|

| i.   | Employee                  or; |
|----------------|-------------------------------|

| ii.   | Exclusive                  consultant |
|-----------------|---------------------------------------|

| iii.   | Both                  of the above capacities may involve duties and responsibilities                  pertaining                  to Events and Establishment development under Livestar’s sister company                  Livestar Entertainment Establishments Ltd. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d.   | Livestar                  has the option of retaining Sason Parry or Coolworld in it’s events under                  3 main auspices: |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| i.   | Joint                  venture partner with Coolword or Sason                  Parry |
|----------------|--------------------------------------------------------------------------------------|

| ii.   | Hire                  Sason Parry as Partial Joint Venture                  partner |
|-----------------|-------------------------------------------------------------------------------------|

| iii.   | Hire                  Sason Parry or Coolworld as a Consultant / Producer |
|------------------|---------------------------------------------------------------------------|

| e.   | This                  Joint Venture is to be exclusive. Sason Parry will in no way compete                  with                  any Events that he will be producing or in any way associated with                  while                  partnered with Livestar. Sason Parry and Coolworld agree to not                  do any                  competing events on the same dates as the projects discussed and                  Sason                  Parry and Coolworld will not directly compete with any project                  that Sason                  Parry or Coolworld is producing or involved in with Livestar or                  the Joint                  Venture.Sason Parry will not be involved with any other productions                  during                  the joint venture agreement unless approved by                  Livestar. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f.   | Livestar                  will have the right of first refusal to purchase up to 50/50 ownership                  of                  the Event Intellectual property for the Events discussed in Section                  1. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| g.   | Livestar                  will have the right of first refusal to coordinate, produce and                  market                  Coolworld, Joint Venture Event and Future Joint Venture Event                  Merchandise. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Joint                  Venture to include a Liability section. Should any event in operation                  suffer losses, Livestar, assumes risk up to amount of capital investment,                  and Sason Parry/Coolworld will assume 50% risk beyond the amount                  of                  investment for The Joint Venture Events and any other events produced                  under the Joint Venture. This risk amount assumed by Sason Parry/Coolworld                  will be carried over against future profits owed to Mr. Parry/Coolworld                  and will be subtracted in accordance with this agreement. These                  losses                  will carry over until the termination of this Memorandum. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **8.  ** | **Press                  Releases.**                  Livestar will have the right to issue press releases regarding                  this                  Memorandum, Results of the Event (i.e. photos, ratings, etc.).                  Livestar                  will also have the right to refer to itself as the Event Production                  Partner in its press releases and on its marketing materials and                  website. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **9.  ** | **Other                  Agreements.**                  Upon execution of this Memorandum the parties will if required                  by Livestar                  execute a Formal Joint Venture Agreement (“Agreement”) specifying with                  more detail and formality the terms of this Memorandum. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **10.  ** | **Governing                  Law.**                  This Memorandum is governed by the Laws of the State of                  Nevada.  |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| **11.  ** | **Dispute                  Resolution**.                  Any dispute arising under this Letter of Intent shall be resolved                  by                  binding arbitration conducted in Las Vegas, Nevada under the rules                  of the                  American Arbitration Association with the prevailing party entitled                  to                  reimbursement of reasonable attorney’s fees and costs.  |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **12.  ** | **Authority**.                  Each of the parties represents that they have the authority to                  enter into                  this transaction and that such act will not be a violation of any                  agreement to which they are a party. Time is of the essence for                  all                  transactions subject to this Memorandum. |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **13.  ** | **Execution                  by Facsimile.**                  This Memorandum may be signed by faxed counterparts which, when                  taken                  together, shall represent the original of this                  Memorandum. |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                        |                                                                       |                                                                       |
|---------------------------------------------|----------------------------------------------------------------------------|----------------------------------------------------------------------------|
|                                        | **Livestar                      Entertainment Events International, Inc.** |
|                                        |                                                                       |                                                                       |
| Dated:                      October 1, 2004 | By:                                                                        | /s/                      Livestar Entertainment Events International, Inc. |
|                                        |                                                                       | Livestar                      Entertainment Events International, Inc.     |
|                                        |                                                                       |                                                                       |

|                                        |                                                                     |                                                               |
|---------------------------------------------|--------------------------------------------------------------------------|--------------------------------------------------------------------|
|                                        | **A.C.D.                      Inc. d/b/a Coolworld Entertainment**  |
|                                        |                                                                     |                                                               |
| Dated:                      October 1, 2004 | By:                                                                      | /s/                      A.C.D. Inc. d/b/a Coolworld Entertainment |
|                                        |                                                                     | A.C.D.                      Inc. d/b/a Coolworld Entertainment     |
|                                        |                                                                     |                                                               |

|                                        |                                 |                                 |
|---------------------------------------------|--------------------------------------|--------------------------------------|
|                                        | **Sason                      Parry** |
|                                        |                                 |                                 |
| Dated:                      October 1, 2004 | By:                                  | /s/                      Sason Parry |
|                                        |                                 | Sason                      Parry     |
|                                        |                                 |                                 |

**Addendum            to Joint Venture Deal Memorandum**

| 1.   | New                      Co formation |
|----------------|---------------------------------------|

| 2.   | Directors |
|----------------|-----------|

| o   | Ray                      Hawkins (from Livestar) |
|---------------|--------------------------------------------------|

| o   | Edwin                      Kwong (from Livestar) |
|---------------|--------------------------------------------------|

| o   | Sason                      Parry (from Coolworld) |
|---------------|---------------------------------------------------|

| 3.   | Officers |
|----------------|----------|

| o   | President                      - Ray Hawkins |
|---------------|----------------------------------------------|

| o   | Secretary                      - Sason Parry |
|---------------|----------------------------------------------|

| o   | Treasurer                      - Edwin Kwong |
|---------------|----------------------------------------------|

| 4.   | Shareholders                      - |
|----------------|-------------------------------------|

| o   | Livestar                      - 51% |
|---------------|-------------------------------------|

| o   | Coolworld                      - 49% |
|---------------|--------------------------------------|

| 5.   | Dividends                      from Profits will be paid out as per the following (this supercedes                      Section 5d                      of                      the Memorandum): |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o   | Livestar                      - 51% |
|---------------|-------------------------------------|

| o   | Coolworld                      - 49% |
|---------------|--------------------------------------|

| 6.   | Signing                      Officers on Bank Account |
|----------------|-------------------------------------------------------|

| o   | The                      Company will open a Bank Account at the Bank of America. Sason                      Parry and                      either Ray Hawkins or Edwin Kwong will be signing officers                      on the Bank                      Account. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Event                      Production under LCOI |
|----------------|--------------------------------------------------|

| o   | LCOI                      will produce the events mentioned in Section A of the Memorandum. |
|---------------|---------------------------------------------------------------------------------------------|

|                                        |                                                                     |                                                                                                  |
|---------------------------------------------|--------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|
|                                        | Livestar                        Entertainment Events International, Inc. |
|                                   |                                                                |                                                                                             |
| Dated:                      October 1, 2004 | By:                                                            | /s/                       Livestar                      Entertainment Events International, Inc. |
|                                        | Livestar                        Entertainment Events International, Inc. |
|                                        |                                                                     |

|                                        |                                                                           |                                                                                |
|---------------------------------------------|--------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|
|                                        | **A.C.D.                      Inc. d/b/a Coolworld Entertainment**   |
|                                   |                                                                      |                                                                           |
| Dated:                      October 1, 2004 | By:                                                                  | /s/ A.C.D.                      Inc. d/b/a Coolworld Entertainment   |
|                                        | A.C.D.                      Inc. d/b/a Coolworld Entertainment       |
|                                        |                                                                           |

|                                        |                                 |                                      |
|---------------------------------------------|--------------------------------------|-------------------------------------------|
|                                        | **Sason                      Parry** |
|                                   |                            |                                 |
| Dated:                      October 1, 2004 | By:                        | /s/ Sason                      Parry |
|                                        | Sason                      Parry     |
|                                        |                                 |