<PAGE>

                           WEB SITE LICENSE AGREEMENT

         This Web Site License Agreement, dated as of March 29, 2000, between
Chely Wright at 300 Tenth Avenue South, Nashville, Tennessee 37203 ("Wright"),
and PTN MEDIA, INC., a Delaware Corporation, with offices located at 455 E.
Eisenhower Ann Arbor, Michigan 48108 ("PTN").

        PTN desires to contract with Wright for an exclusive license for an area
        of its on-line Fashionwindow.com ("FW") Internet service and WRIGHT is
        willing to grant such license and to render her services as hereinafter
        provided. In consideration of the mutual agreements and covenants set
        forth in this Agreement, the parties agree as follows:

1.                Establishment of Service. PTN will design, produce and
                  maintain a designated area of approved content accessible to
                  users of the Internet at www.chely.fashionwindow.com. Access
                  to the service will be free of charge. Wright shall be the
                  sole country artist associated with the Service during the
                  term of the contract. PTN may also develop "premium features",
                  as well as a "boutique" that will permit visitors to the
                  service to purchase merchandise licensed, endorsed or selected
                  by WRIGHT ("Boutique Merchandise"); any such Boutique
                  Merchandise would contain such content and be offered at
                  prices and on terms, as may be mutually agreed by PTN and
                  WRIGHT. In connection with the service, PTN will, at its sole
                  cost and expense:

                  (a)      Design and Maintenance. Maintain full responsibility
                           for the design, technical development, production,
                           maintenance (including customer phone support), and
                           fulfillment related to the Service.

                  (b)      Marketing and Content. Coordinate all on-line
                           marketing efforts and work closely with WRIGHT and
                           her representatives regarding new content areas, and
                           other initiatives to ensure that WRIGHT maximizes its
                           association with PTN.

2.                Use of Wright's Name and Likeness. WRIGHT grants to PTN the
                  non-exclusive, nontransferable right to use her name and
                  likeness as reasonably necessary to create, distribute, and
                  promote the Service and to repackage and reformat information
                  contained in, or related to, the Service for promotional,
                  advertising and distribution-for-profit uses, in all media,
                  including but not limited to, print and electronic media. PTN
                  acknowledges that WRIGHT will not accept uses, which are in
                  conflict with WRIGHT's existing or prospective agreements, and
                  shall notify WRIGHT of the intended use of her name and
                  likeness before they are used and any such use shall be
                  subject to WRIGHT's prior written approval.

                  (a)      For this purpose, upon execution by PTN, WRIGHT shall
                           provide to PTN with the use of then unpublished
                           photographs of herself, with respect to which WRIGHT
                           has full ownership rights. Wright shall be available
                           for a photo shoot (set up by PTN) for up to eight (8)
                           hours at a mutually agreed upon time. No payment is
                           owed by PTN to WRIGHT for this photo shoot or
                           resulting from the photo shoot, except that PTN will
                           bear all reasonable costs and expenses associated
                           with the photo shoot production, as agreed between
                           the parties. During the Contract Period, PTN shall
                           have the right to use photographs obtained through
                           this photo shoot for the promotion and advertising of
                           the Service as set forth above. All rights to use the
                           photos shall cease upon termination of this
                           Agreement.
<PAGE>


                  (b)      PTN shall have the right to use the Wright name, and
                           all approved images, on the Web and on-line networks
                           subject to Wright's approval

                  (c)      PTN shall have the right to use the Wright name and
                           approved likenesses on Internet access software.

                  (d)      All rights of PTN to use the Wright name, likeness
                           and web address, www.chely.fashionwindow.com in
                           relation to the Service shall cease immediately upon
                           termination of this Agreement.

3.                Services to be Provided. Wright shall provide access to PTN
                  staff to gather or Transmit information related to the
                  following aspects of her activities as they relate to fashion,
                  style or beauty: names of designers or brands of clothing worn
                  on prerecorded music products, names of designers or brands of
                  clothing worn on any and all music videos, details on a
                  touring wardrobe, personal styling data such as fitness or
                  beauty details, advance notice of wardrobe choices prior to
                  appearances or attendance at any awards shows or public
                  appearances, and other data that might be of interest to the
                  audience and is mutually agreed upon by PTN and WRIGHT.

                  (a)      WRIGHT shall provide a voice recording of herself
                           welcoming persons to the Service.

                  (b)      At least once per quarter, Wright shall be available
                           (by telephone or in-person, at her option) at
                           mutually agreed upon times (with no more than one
                           hour of actual time on-line per occasion), to conduct
                           exclusive interviews and/or chat sessions.

4.                WRIGHT's Availability. WRIGHT agrees to devote such time as
                  deemed necessary in PTN's reasonable discretion toward
                  performances of her duties hereunder. Whenever WRIGHT is
                  available, PTN understands and agrees that any such occasion
                  is subject to WRIGHT's personal and professional schedule. If
                  WRIGHT confirms her availability and subsequently is unable to
                  appear due to illness, injury, or other emergency, such
                  non-appearance shall not constitute a breach of this Agreement
                  and WRIGHT shall not be responsible for any losses or expenses
                  incurred from such non-appearance.

<PAGE>

5.                Payments by PTN.

                  Site Revenues. If paid advertising is sold on the area of FW
                  located at www.chely.fashionwindow.com, revenue will be
                  divided evenly between Wright and PTN.

                  PTN common stock. Immediately upon final signature, Wright
                  shall be granted fifteen thousand (15,000) shares of free
                  trading, registered common stock of PTN Media Inc. as payment
                  for services to be rendered during the contract period. Wright
                  will be granted an additional fifteen thousand (15,000) shares
                  of free trading, registered common stock of PTN Media Inc. on
                  the first anniversary of final signature of this agreement.
                  The certificates shall be issued as follows: 12,750 to WRIGHT
                  and 2,250 to Titley Spalding and Associates for each contract
                  year.

                  (a)      PTN will make any payments due to WRIGHT under this
                           Agreement on a monthly basis, within fifteen (15)
                           days following the end of the applicable calendar
                           month. Each such payment shall be accompanied by a
                           statement showing in reasonable detail how such
                           payment was computed.

                  (b)      PTN shall keep true and complete books and records in
                           which all information necessary to determine and
                           verify all fees and payments contemplated hereunder
                           shall be reflected along with the amounts payable to
                           WRIGHT under the terms of this Agreement. PTN shall
                           maintain such books and records for a period of at
                           least (2) years after the termination of the Contract
                           Period. During the contract Period, and for a period
                           of two (2) years after the Contract Period, WRIGHT
                           shall have the right, at its expense and upon
                           reasonable notice to PTN, to examine or have examined
                           by its authorized representative, PTN's books and
                           records, at PTN's principal place of business, in
                           order to determine or verify all amounts due, and the
                           accuracy of any reports furnished by PTN under this
                           Agreement. In the event that an error is discovered
                           in the calculation of the amounts payable by PTN to
                           WRIGHT, the party that received the benefit of the
                           error shall promptly thereafter pay to the other the
                           amount of overpayment. If any underpayment by PTN for
                           any period examined by WRIGHT is five percent (5%) or
                           more, PTN shall pay WRIGHT's reasonable out-of-pocket
                           costs with respect to such examination and the next
                           subsequent re-examination. WRIGHT's receipt of any
                           statement, or any payment does not preclude it from
                           challenging the correctness of that statement or
                           payment.

                  (c)      PTN shall reimburse WRIGHT promptly upon receipt of
                           an invoice therefor of all reasonable out-of-pocket
                           expenses incurred by WRIGHT under this Agreement and
                           approved by PTN in advance.
<PAGE>
6.                Provisions of Content, Additional Responsibilities of PTN and
                  WRIGHT. For purposes of this Agreement, the term WRIGHT
                  information means all information created and/or delivered by
                  WRIGHT to PTN for inclusion in the Service, including any
                  trademark, service mark, trade name or logo, or other
                  intellectual property, whether or not registered, included in
                  such information. WRIGHT shall be solely responsible for the
                  content of all WRIGHT Information, and represents and warrants
                  to PTN that to the best of WRIGHT's knowledge (i) all WRIGHT
                  Information: (A) will be accurate and WRIGHT's own and
                  original creation, except for information validly licensed for
                  use by WRIGHT or in the public domain; (B) will consist only
                  of information that WRIGHT is authorized to use and to
                  authorize PTN to use as contemplated in this Agreement; (C) to
                  the best of WRIGHT's knowledge, will not constitute a libel or
                  defamation or conflict with any copyright, right of privacy or
                  other rights of any third party; and (D) will conform to all
                  applicable federal, state and local laws and regulations; and
                  (ii) WRIGHT has the full right and authority to grant the
                  rights and consents set forth herein. PTN shall be entitled at
                  any time to bring any concerns it has regarding WRIGHT
                  Information to the attention of WRIGHT, whereupon the parties
                  will cooperate in good faith to address PTN's concerns.
                  Subject only to the next sentence, PTN shall distribute WRIGHT
                  Information only as transmitted by WRIGHT, and shall not
                  authorize any third party to modify or edit such Information
                  without Wright's prior written consent. If PTN, in its
                  reasonable judgment, believes that immediate action is
                  required with regard to any WRIGHT Information, PTN may
                  delete, modify or revise such information, provided that PTN
                  shall notify WRIGHT of such action prior thereto, if
                  reasonably possible (or, if not, as soon thereafter as
                  practicable) and all representations, warranties,
                  indemnifications and other obligations of WRIGHT wherever with
                  respect to such WRIGHT Information shall immediately terminate
                  and be of no force and effect.

                  (a)      Transmission of WRIGHT Information. WRIGHT shall
                           transmit to PTN all WRIGHT Information and updates
                           thereof necessary for inclusion in the Service.
                           Information and updates shall be transmitted by
                           telephone or electronically in a format to be agreed
                           upon by PTN and WRIGHT, on a pre-scheduled basis
                           and/or as such information and updates become
                           available, as the case may be. PTN shall provide
                           WRIGHT with a Service number or numbers that will
                           allow WRIGHT to gain access to the Service at no cost
                           or charge for purposes of electronically delivering
                           WRIGHT Information and content updates. All content
                           supplied by WRIGHT shall be consistent with the
                           editorial standards used by PTN for content displayed
                           on the Service (which standards PTN reserves the
                           right to amend from time to time) provided PTN timely
                           and accurately conveys such standards to WRIGHT.

                  (b)      Right, Title and Interest to WRIGHT Information. All
                           right, title and interest in WRIGHT Information,
                           WRIGHT Information, and Wright's name and likeness
                           are and shall remain Wright's, subject to the right
                           and license granted to PTN herein. PTN shall have the
                           right, at no cost, to use, display (privately or
                           publicly) and distribute WRIGHT Information, or any
                           portion thereof, on the Service or in connection with
                           any demonstration, promotion or advertisement of the
                           Service in any medium; to enter WRIGHT Information
                           into PTN's computer database; and to store, process,
                           retrieve and transmit the same on the Service. Any
                           use of the WRIGHT name and likeness, or WRIGHT
                           Information, shall be subject to Wright's prior
                           consent (which consent shall not be unreasonably
                           withheld). PTN's rights hereunder shall include the
                           right to offer subscribers the option of printing and
                           downloading WRIGHT Information or any portion thereof
                           as a function of the Service generally.
<PAGE>

                  (c)      Operation of Service: Non-WRIGHT Information, Charges
                           for Service. PTN will have sole discretion to
                           determine all aspects of the operation of the Service
                           and all matters relating to the content, structure
                           and sequence of material appearing on the Service.
                           PTN represents and warrants to WRIGHT that, to the
                           best of PTN's knowledge, all content on the Service
                           other than WRIGHT Information (to the extent not
                           revised, modified or deleted by PTN) ("Non-WRIGHT
                           Information"), (A) will be accurate and PTN's own and
                           original creation, except for information validly
                           licensed for use by PTN or in the public domain; (B)
                           will consist only of information that PTN is
                           authorized to use; (C) will not constitute a libel or
                           defamation or conflict with any copyright, right of
                           privacy or other rights of, any third party; and (D)
                           will conform to all applicable federal, state and
                           local laws and regulations.

                  (d)      Non-WRIGHT Information. PTN has the full right and
                           authority to grant the rights and consents set forth
                           herein. WRIGHT shall be entitled at any time to bring
                           any concerns it has regarding Non-WRIGHT Information
                           to the attention of PTN, whereupon the parties will
                           cooperate in good faith to address Wright's concerns.
                           Nothing in this Agreement shall limit PTN's rights
                           regarding charges for any aspect of the Service
                           (including any product or service offered by PTN,
                           whether alone or in conjunction with others, through
                           means of the Service). All right, title and interest
                           to PTN's name, trade name(s), trademark(s) and
                           service mark(s) ("PTN Trademarks") are and shall
                           remain PTN's. Nothing herein shall be deemed to grant
                           WRIGHT any proprietary rights to any of PTN's trade
                           name(s), trademark(s) or service mark(s). WRIGHT
                           shall have the right to use PTN Trademarks in
                           connection with advertising and promoting the
                           Service, subject to PTN's prior written consent, not
                           to be unreasonably withheld.

                  (e)      Compliance with Applicable Law. PTN will be solely
                           responsible to ensure that all aspects of the Service
                           (other than the WRIGHT Information, to the extent not
                           modified or revised by PTN), including the promotion
                           thereof, shall comply with applicable law.

                  (f)      Subscriber Agreement. PTN will distribute a
                           subscriber agreement prohibiting republication,
                           redistribution, public broadcast, public display,
                           resale, offering for resale or other commercial
                           exploitation of copyrighted or trademarked materials
                           published in the Service without the copyright or
                           trademark owner's consent.

                  (g)      Compliance with Industry Standards. PTN represents
                           and agrees that the Service will at all times during
                           the Agreement be a first-class service, in content
                           and technical quality, and that the Service will
                           comply with all on-line broadcasting industry
                           standards.
<PAGE>

                  (h)      Database from Service. PTN shall own all information
                           received through the Service, including all names,
                           addresses, mail, and other information relating to
                           users of the Service obtained by PTN through the
                           Service, except that WRIGHT shall have access to the
                           mailing list obtained through the Service to use for
                           her own purposes. PTN agrees not to use any
                           information obtained through the Service in any way
                           to imply an endorsement by WRIGHT of any product or
                           service following the termination of this Agreement.

7.                Exclusivity. During the term of this Agreement and subject to
                  the remainder of this Section, WRIGHT shall not: (i) license
                  the use of the WRIGHT name or likeness for any web site
                  dedicated to fashion, style and beauty that could reasonably
                  be considered competitive with fashionwindow.com or (ii) be
                  employed by, act as a consultant to or otherwise render
                  services similar in the aggregate to those provided hereunder
                  with respect to any on-line service. This Paragraph is not
                  intended to prohibit WRIGHT from advertising on other sites,
                  providing services for other sites or on-line services such as
                  acting in a program to be broadcast over the Internet,
                  maintaining her own web site or licensing The WRIGHT name or
                  the likeness on the web sites of Wright's licensees or others,
                  or participating in on-line interviews or articles.

                  (a)      WRIGHT is not responsible for initiating action
                           against, enjoining or otherwise attempting to
                           dissuade any person or entity not licensed by WRIGHT
                           which in contravention of this Agreement uses the
                           WRIGHT name or likeness in promoting or advertising
                           any products or services which are the same as or
                           similar to or directly competitive with the service.
                           WRIGHT shall not incur any liability to PTN or any
                           third party arising out of any such activity by any
                           such person or entity. WRIGHT agrees that at PTN's
                           sole cost and expense, WRIGHT shall give such
                           reasonable assistance to PTN as may be required to
                           cause any such person or entity to cease and desist
                           from such activities, or in connection with any
                           lawsuit or other proceeding by PTN against such
                           person or entity.

8.                Contract Period. The Contract Period will begin on the date of
                  this Agreement and will continue until the second anniversary
                  of the date the Service was launched (the "Termination Date"),
                  and thereafter may be extended for up to two (2) additional
                  one year periods upon written notice from PTN to WRIGHT at
                  least 30 days in advance of the then-effective Termination
                  date.


<PAGE>

                  (a)      Morals. If at any time during the Contract Period the
                           commercial association of PTN with WRIGHT is
                           substantially impaired by reason of her conviction of
                           a felony or commission of an act, which offends a
                           demonstrable majority of the people in the U.S., PTN
                           shall have the right to terminate this Agreement on
                           written notice to WRIGHT. Wright shall have the right
                           to terminate this Agreement on written notice to PTN
                           if at any time PTN Media is convicted of a felony or
                           commits an act, which offends a demonstrable number
                           of people in the United States.


9.                Confidentiality. All information disclosed by either party to
                  the other party, including but not limited to the terms and
                  conditions of this Agreement or any other agreement between
                  the parties, trade secrets of the party, any nonpublic
                  information relating to any party s product plans, designs,
                  ideas, concepts, costs, prices, finances, marketing plans,
                  business opportunities, personnel, research, development or
                  know-how and any other nonpublic technical or business
                  information of a party, that is marked "Confidential" or
                  identified by the disclosing party in writing as confidential
                  before or within thirty days after disclosure to the receiving
                  party, will be treated as confidential by the receiving party
                  and not disclosed to any third party without the disclosing
                  party's prior written consent. "Confidential Information" as
                  referred to in this Section does not include (a) information
                  that is generally available to the public other than as a
                  result of disclosure in violation of this Agreement, (b)
                  information already known or which becomes known to the
                  receiving party from a third party source which is not, to the
                  receiving party's knowledge, under an obligation of
                  confidentiality, (c) information independently developed by
                  the receiving party (as shown by competent documentation), and
                  (d) otherwise confidential information that is required to be
                  disclosed by law, including administrative or judicial action.
                  Any breach of these confidentiality provisions will entitle
                  the injured party to see injunctive relief and damages.

10.               Insurance. PTN agrees to provide and maintain, at its own
                  expense, product liability insurance with limits of no less
                  than $1,000,000.00 and within thirty (30) days from the date
                  hereof, PTN will submit to Licensor a fully paid policy or
                  certificate of insurance naming Licensor and WRIGHT as insured
                  parties, requiring that the insurer shall not terminate or
                  materially modify such policy without written notice to
                  Licensor at least twenty (20) days in advance thereof.

11.               Indemnification.

                  (a)      PTN Indemnification. PTN hereby indemnifies and
                           agrees to defend and hold WRIGHT and WRIGHT free and
                           harmless from and against all claims, costs,
                           liabilities, judgments, expenses or damages
                           (including reasonable attorneys' fees) (collectively,
                           "Damages") arising out of or in connection with (i)
                           any information, other than WRIGHT Information (to
                           the extent not deleted, modified or revised by PTN),
                           displayed on the Service, (ii) any breach of any
                           representation, warranty or covenant of PTN hereunder
                           or (iii) any use of or reference to Wright's name or
                           logo or Wright's name or likeness not expressly
                           permitted hereunder or based upon PTN's use of any
                           intellectual property other than Wright's name or
                           logo or Wright's name or likeness; except to the
                           extent any such Damages arise from the gross
                           negligence or willful misconduct of WRIGHT or its
                           employees or WRIGHT.
<PAGE>


                  (b)      WRIGHT Indemnification. WRIGHT hereby indemnifies and
                           agrees to defend and hold PTN free and harmless from
                           and against all Damages arising out of or in
                           connection with (i) relating to any WRIGHT
                           Information displayed on the Service (to the extent
                           not deleted, modified or revised by PTN), (ii) any
                           breach of any representation or warranty of WRIGHT
                           hereunder, or (iii) any use of or references to PTN's
                           name or logos not expressly permitted hereunder,
                           except to the extent such Damages arise from the
                           gross negligence or willful misconduct of PTN or its
                           employees.

                  (c)      No Liability for Punitive or Consequential Damages.
                           Notwithstanding anything stated or implied to the
                           contrary herein, in no event shall either party be
                           liable to the other for exemplary, punitive or
                           consequential damages, even if advised of the
                           possibility of such damages, in any manner arising
                           out to this Agreement or the breach of any term,
                           covenant, representation, warranty or obligation
                           contained herein.


                  (d)      Notification. Each party shall notify the other as
                           soon as reasonably possible of any claim of which it
                           becomes aware.

12.               Remedies.

                  (a)      Injunctive Relief. In the event either party
                           materially breaches this Agreement, PTN and WRIGHT
                           agree that, in addition to any and all other remedies
                           available at law or in equity, the non-breaching
                           party shall be entitled to injunctive relief to the
                           extent permitted by law from further violation of
                           this Agreement, during any proceeding as well as on
                           final determination thereof, without prejudice to any
                           other right of either party.

                  (b)      Wright's Liability not to Exceed Remuneration Paid to
                           WRIGHT by PTN. Notwithstanding anything to the
                           contrary herein, in the event PTN incurs any
                           expenses, damages or other liabilities (including,
                           without limitation, reasonable attorneys' fees) in
                           connection with this Agreement or Wright's services,
                           Wright's liability to PTN hereunder shall not exceed
                           the remuneration, excluding reimbursement of
                           expenses, actually paid to WRIGHT by PTN hereunder.



<PAGE>
13.               Relationship of the Parties. The parties to this Agreement are
                  independent contractors, and this Agreement shall not be
                  construed to create a partnership, joint venture, employment
                  or principal agent relationship between the parties. Each
                  party shall be solely responsible to compensate any employees,
                  agents or representatives employed or engaged by it to perform
                  duties under this Agreement and for all taxes, imposts, duties
                  and all charges of any governmental authority arising from its
                  activities under this Agreement. Neither PTN nor WRIGHT, nor
                  any other person or entity employed by either PTN or WRIGHT,
                  are authorized to make any warranty concerning the other party
                  or incur or assume any obligation or liability for the other
                  party and nothing in this Agreement gives or is intended to
                  give any rights of any kind to any third party, except as
                  expressly set forth herein.

14.               Amendment, Waiver. No amendment to this Agreement shall be
                  valid unless such amendment is in writing and is signed by
                  both of the parties to this Agreement. Any of the terms and
                  conditions of this Agreement may be waived at any time in
                  writing by the party entitled to the benefit thereof, but a
                  waiver in one instance shall not be deemed to constitute a
                  waiver in any other instance. A failure to enforce any
                  provision of this Agreement shall not operate as a waiver of
                  the provision or of any other provision hereof.

15.               Severability. In the event that any provision of this
                  Agreement shall be held to be invalid, illegal or
                  unenforceable in any circumstances, the remaining provisions
                  shall nevertheless remain in full force and effect and shall
                  be construed as if the unenforceable portion or portions were
                  deleted.

16.               Governing Law. This Agreement shall be governed by and
                  construed and enforced in accordance with the laws of the
                  State of New York.

17.               Jurisdiction. Any and all suits or actions, whether federal or
                  state, for any breach of this Agreement, or otherwise arising
                  out of this Agreement, shall be filed and prosecuted in any
                  court of competent jurisdiction in the City of New York. The
                  parties hereto hereby consent and submit to the jurisdiction
                  of the courts in the City of New York, State of New York.

18.               Notices. All notices or other communications hereunder shall
                  be in writing and shall be deemed to be given or made: on the
                  same business day when sent by confirmed facsimile, on the
                  next business day after mailing when delivered by overnight
                  courier or on the fifth business day after mailing if sent by
                  first-class, registered or certified mail to the following
                  address or addresses or such other address or addresses as the
                  parties may designate in writing in accordance with this
                  Section:

                       If to PTN:             PTN MEDIA INC.
                                              2750 S. State Street
                                              Ann Arbor, MI  48105

                       with a copy to:        Lehman and Eilen
                                              30 Charles Lindbergh Blvd.
                                              Uniondale, New York 11053
                                              Attn: Hank Gracin
                                              Telephone No. 516-222-0888

                       If to WRIGHT:          300 Tenth Avenue South
                                              Nashville, Tennessee 37203

<PAGE>

19.               Assignment. This Agreement shall be binding upon and inure to
                  the benefit of the parties and their respective successors and
                  permitted assigns. Neither party may assign its rights or
                  obligations hereunder without the prior written consent of the
                  other party.

20.               Execution in Counterparts. This Agreement may be executed by
                  the parties in counterparts, each of which when so executed
                  and delivered shall be deemed to be an original and all of
                  which when taken together shall constitute one and the same
                  agreement. This Agreement may be executed by facsimile, and
                  signatures on a facsimile copy hereof shall be deemed
                  authorized original signatures.


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


CHELY WRIGHT                                  PTN MEDIA, INC.

/s/ Chely Wright                              By:  /s/ Peter Klamka
-------------------------                     ------------------------------
                                              Name:  Peter Klamka
                                              Title:  President