Document:

December
31, 2009

    

    Catalyst
Investments, L.L.C.

    500 South
Buena Vista Street

    Burbank,
California 91521

    

    Re:           Purchase of Commons Stock of
POW! Entertainment, Inc. (the “Company")

    

    Ladies
and Gentlemen:

    

    Reference
is made to the purchase by Catalyst Investments, L.L.C. (“Catalyst”) of
13,172,153 shares of the Company’s common stock, $.001 par value per share (the
“Common Stock”).  In consideration for such purchase, the Company
hereby agrees as follows:

    

    
      	
               
      

            	
              1.

            	
              If
      the Company determines that it is required by law, regulation or legal
      process to refer to The Walt Disney Company or its affiliates, or to their
      investment in the Company, in any regulatory filing, press release or
      other public dissemination of information, the Company shall provide
      Catalyst a timely and reasonable opportunity to review such statements or
      references in advance of their filing or
  dissemination.

            

    

     

    
      	
               
      

            	
              2.

            	
              The
      Company shall provide to Catalyst quarterly financial statements (with
      reasonable detail and no less than as provided to any other shareholder)
      within 45 days after the end of the subject
  quarter.

            

    

     

    
      	
               
      

            	
              3.

            	
              If
      the Company or its successor grants or agrees to grant to another party
      any rights to register any shares of Common Stock under the Securities Act
      of 1933, as amended, the Company shall concurrently grant to Catalyst
      rights to register its Common Stock on terms and conditions no less
      favorable than as granted to such
party.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Catalyst
Investments, L.L.C.

    Page 2 of
2

    

    
      	
               
      

            	
              4.

            	
              The
      Company shall promptly notify Catalyst if it becomes aware of any
      agreement with respect to the voting of equity securities of the
      Company.

            

    

    

    
      
        
          
            	 
      	
                    Very
      truly yours,

                  
	 
      	 
      
	 
      	
                    POW!
      Entertainment, Inc.

                  
	 
      	 
      	 
      
	 
      	
                    By

                  	 
      
	 
      	
                    Name:

                  	
                    Gill
      Champion

                  
	 
      	
                    Title:

                  	
                    President
      & COO

                  

          

        

      

    

    

    Accepted
by and Acknowledged as of

    December
31, 2009

    

    Catalyst
Investments, L.L.C.

    

    By:  The
Walt Disney Company, as sole member

    

    
      
        
          	
                  By:

                	 
      
	
                  Name:

                	
                  Matthew
      L. McGinnis

                
	
                  Title

                	
                  Managing
      Vice President, CounselEmployment
Agreement-Stan Lee

      

      Employment
Agreement, made as of January 1, 2010, by and between, Stan Lee, an
individual with an address at 9143 Oriole Way, Los Angeles, CA 90069 (“Stan
Lee”) and POW! Entertainment, Inc , a Delaware corporation with an address at
9440 Santa Monica Boulevard, Suite 620, Beverly Hills CA 90210
(“POW!”)

       

      1.   Employment
OF Stan Lee.   Stan Lee will serve as Chief Creative
Officer of POW!.  Stan Lee will be based in Los
Angeles.  Stan Lee’s services shall be full-time and exclusive with
the exception of those services provided under a lifetime agreement with Marvel,
which requires no more than average of 10 – 15 hours per week on its
behalf.  All other services performed and intellectual property
created for POW! or for any other entity, which entity shall be approved in
writing by POW!, shall inure to the benefit of POW!, except “Exempt
Income”.  Exempt Income shall include autographs, book introductions,
lectures, fees for writing books, lecture fees, fees for roles and any other
honorarium type income agreed to by the parties.

      

      Stan
Lee’s services to POW! shall include, but not be limited to, the
following;

      

      
        	
                 
      

              	
                (a)

              	
                Serve
      and be listed in all directories and publications as Chief Creative
      Officer of POW!, including attending corporate meetings, developing and
      supervising development and production of intellectual property in any and
      all media, directing and guiding the creative staff or staffs of POW!, all
      subsidiaries and affiliates as reasonably requested by
    POW!.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Act
      in a Producer capacity for all media productions, all fees generated
      thereby shall belong to POW!, with the exception of Conan and Red Sonja
      Producer fees.

              

      

      

      
        	
                 
      

              	
                (c)

              	
                Apply
      his good faith, best efforts to enhance the brand and good will of POW!,
      support and stimulate strategic alliances, joint ventures, sponsors,
      production partners and all direct and ancillary business of
      POW!.

              

      

      

      
        	
                 
      

              	
                (d)

              	
                Serve
      as spokesman for POW! to all media and assemblies as reasonably requested
      by POW!.

              

      

      

      
        	
                 
      

              	
                (e)

              	
                Take
      all actions and contribute all creative talents within Stan Lee’s
      reasonable capability, pursuant to his good faith determination of his
      schedule, as may reasonably be required to advance the interests of
      POW!.

              

      

      

      2.  Term
and Termination.   The term of Stan Lee’s employment shall
continue unless or until Stan Lee resigns or is terminated for
cause.  Either party may terminate this Agreement for cause, upon the
giving of 30 days prior notice to the other, describing the cause, provided that
the other party fails to cure such cause within such 30 days following
notice.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      3.  Salary.   As
compensation to Stan Lee for all rights and services contributed by Stan Lee and
notwithstanding any disability, POW! shall provide the following compensation
for life, unless and until Stan Lee resigns or is terminated for
cause:

      

      
        	
                 
      

              	
                (a)

              	
                A
      base salary of $300,000 per annum.

              

      

      

      
        	
                 
      

              	
                (b)

              	
                Stan
      Lee will receive prompt reimbursements for all ordinary and necessary
      business expenses incurred by him on behalf of POW! in the past and
      future, and POW! shall permit his customary first class, travel with sedan
      limousine and stay in deluxe
hotels.

              

      

      

      
        	
                 
      

              	
                (c)

              	
                POW!
      shall seek to acquire medical insurance if not otherwise provided for Stan
      Lee and his family.

              

      

      

      
        	
                 
      

              	
                (d)

              	
                If
      Stan Lee becomes disabled so as to be unable to perform his duties for
      POW! or otherwise fails to perform his duties, his annual salary shall be
      reduced to $125,000 per year.

              

      

      

      4.  Acknowledgement
and Reaffirmation of Assignment by Stan Lee.  In consideration
for the foregoing Stan Lee acknowledges that pursuant to a Membership Purchase
Agreement, dated November 15, 2002 between Stan Lee and POW! Entertainment, LLC
(the “LLC”), a subsidiary of POW!, he assigned, conveyed and granted to the LLC
forever, and he hereby reaffirms such assignment, the following:

      

      
        	
                 
      

              	
                (a)

              	
                All
      right, title and interest Stan Lee may have or control, now or in the
      future, in the following:  Any and all ideas, names, titles,
      characters, symbols, logos, designs, likenesses, visual representations,
      artwork, stories, plots, scripts, episodes, literary property, and the
      conceptual universe related thereto, including independently of the
      foregoing, his name and likeness (the “Property”) including without
      limitation, those in whole or part disclosed in writing to, published,
      merchandise, advertised, and/or licensed by POW!, its affiliates and
      successor in interests and licensees (which by agreement inures to POW!’s
      benefit) or any of them and any copyrights, trademarks, statutory rights,
      common law, goodwill, moral rights and any other rights whatsoever in the
      Property in any and all countries and in all media and/or fields,
      including all rights to renewal or extensions of copyright (the “Rights”).
      Excepted from such assignment, and retained by Stan Lee personally, shall
      be all books and articles written by Stan Lee, lectures given by Stan Lee,
      acting roles performed by Stan Lee, commercials unrelated to any POW!
      projects in which Stan Lee appears, so long as such activities do not
      substantially interfere with Stan Lee’s activities and responsibilities
      with POW!

              

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (b)

              	
                All
      right title and interest that Stan Lee may have in any income arising from
      the ownership of a Membership interest in QED Productions LLC (“QED”) or
      arising from the sale of the ownership of such Membership
      Interest.  QED is formed to receive the intellectual property
      from Stan Lee Media. Stan Lee represents and warrants that he will not
      cause or permit any ownership interest to be issued to any other party
      without the consent of Directors of POW! other than Stan
    Lee.

              

      

      

      Stan Lee
agrees to execute upon request of POW! any documents it deems reasonably
necessary to further effect and evidence such
assignments.  Notwithstanding any termination of Stan Lee’s contract,
unless the Company fails to pay him his salary provided
hereunder,  Stan Lee agrees that paragraphs 4(a) and (b) and his
obligations thereunder shall continue in effect.

       

      5.  Disclosure
of Information and Non-Competition:

       

      
        	
                 
      

              	
                (a)

              	
                Stan
      Lee Agrees to keep confidential all creations contracts and proposals to
      third parties and other confidential information of POW! and not to use
      any such information except pursuant to his duties for
  POW!

              

      

       

      
        	
                 
      

              	
                (b)

              	
                Stan
      Lee agrees that during his employment for POW!, he will not be employed
      by, or provide consulting or other services, directly or indirectly, for
      any entity which creates, develops or markets like  Property,
      except for fulfilling Stan Lee’s current agreement with Marvel
      Comics.

              

      

      

      6.  Miscellaneous.

      

      
        	
                 
      

              	
                (a)

              	
                This
      Agreement, including the assignment set forth herein, shall be binding
      upon the parties hereto, their affiliates and subsidiaries, legal
      representatives, successors and predecessors in interest, heirs and
      assigns.

              

      

       

      
        	
                 
      

              	
                (b)

              	
                The
      invalidity of any provision or part hereof or obligation hereunder, or the
      contravention thereby of any law, rule or regulation of any State, the
      Federal Government or any agency, shall not relieve any party from its
      obligation under, nor deprive any party of advantages of any other
      provision of this Agreement.

              

      

       

      
        	
                 
      

              	
                (c)

              	
                This
      agreement shall be governed by and construed under the laws of the State
      of California.

              

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (d)

              	
                All
      notices under this agreement shall be in writing and shall be sent to the
      addresses first set forth above, or such other addresses of which either
      party notifies the other from time to
time.

              

      

       

      
        	
                 
      

              	
                (e)

              	
                This
      agreement constitutes the entire Agreement among the parties with respect
      to the subject matter contained herein and supersedes all prior
      agreements, understandings, oral or written, with respect to the subject
      matter contained herein.  This Agreement may not be amended,
      modified or terminated except in writing executed by each of the parties
      hereto.

              

      

       

      In
Witness Whereof, the parties hereto have signed, or caused to be signed
this agreement as of the date first set forth herein.

      

      
        
          
            
              
                
                  
                    	
                            Stan
      Lee

                          	 	
                            POW!
      Entertainment, Inc

                          
	 
      	 
      	 	 
      	 
      
	
                            By:

                          	 
      	 	
                            By:

                          	 
      

                  

                

              

            

          

        

      

       

      
        
           

        

        
          4

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