Document:

Exhibit 10.36

Exhibit 10.36

EXECUTION DOCUMENT

December 6, 2007

PET Capital Partners LLC, as Agent

6800 Broken Sound Parkway, Suite 200

Boca Raton, FL 33487

Re:

Limited Waiver Letter Agreement June 2007 

Ladies & Gentlemen:

Pursuant to Section 3.14 of that certain Penthouse Media Group Inc. 13% Subordinated Term Loan Notes due 2011 (the “Note”), among Penthouse Media Group Inc. (the “Company”), the Guarantors party thereto, and the Holders party thereto, the Holders hereby agree to waive each of the covenants identified on Schedule A attached to this Limited Waiver Letter Agreement June 2007 (this “Letter Agreement”), solely to the extent described on Schedule A (with each such waiver being effective as of the date such waiver is required to negate breach or non-compliance with the applicable covenant); provided that each such waiver shall remain effective only if the Company complies with the applicable restated obligation (if any) with respect to such waiver described on Schedule A.

Terms capitalized but not defined in this Letter Agreement have the respective meanings ascribed in the Note. This Letter Agreement may be executed via facsimile, and in counterparts, all of which shall constitute one and the same instrument. Except as otherwise provided in this Letter Agreement, the Note remains in full force and effect.

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PET Capital Partners LLC Limited Waiver Letter Agreement June 2007

EXECUTION DOCUMENT

 [signature page to limited waiver letter agreement]

Very truly yours,

PET CAPITAL PARTNERS LLC

ABSOLUTE RETURN EUROPE FUND

FLORESCUE FAMILY CORPORATION

By: PET Capital Partners LLC, as majority Holders

By: /s/ Marc H. Bell                                   

Name:

Title:

cc:

Penthouse Media Group Inc.

6800 Broken Sound Parkway NW, Suite 100

Boca Raton, FL 33487

Please indicate your acceptance of the foregoing terms of this limited waiver letter agreement by executing a copy of this Limited Waiver Letter Agreement June 2007 and returning it to us.

ACCEPTED AND AGREED

PENTHOUSE MEDIA GROUP INC.

/s/ Marc H. Bell                                   

By:

Its:

Date:       12/6/2007                                  

PET Capital Partners LLC Limited Waiver Letter Agreement June 2007

EXECUTION DOCUMENT

Schedule A: Limited Waivers Granted

		
	Waiver

	Restated Obligation (if any)

	Solely as concerns entry into and performance of the Post Series B Limited Waiver and Consent (as defined below), including without limitation the Series B Convertible Preferred Stock Sale and the Holders Equity True-Up (as each term defined in the Post Series B Limited Waiver and Consent), the obligation under Note Section 6.13 not to enter into a transaction (or series of related transactions) not in the ordinary course of business with an Affiliate or Related Person of the issuer involving aggregate consideration in excess of 2.0 million.

	n/a

	Obligation under Note Section 6.14(b) to deliver items required within 90 days after the 2006 Fiscal Year.

	Company must deliver all such items for the 2006 Fiscal Year no later than January 18, 2008.

	Obligation to deliver any reports, statements and materials required under Note Sections 6.14 and 6.15 and not already delivered.

	Company must delivered such reports, statements and materials no later than January 18, 2008.

	Solely as to those fiscal years ending prior to October 1, 2007 for which a certificate of an Authorized Officer required under Note Section 6.15(1) has not been delivered, the obligation to deliver such certificate within 90 days after the end of each fiscal year.

	Company must deliver a certificate of an Authorized Officer covering each such period (and, for the avoidance of doubt, also covering the 2006 Fiscal Year) no later than January 18, 2008.

	Solely as to fiscal year 2006, for which a written statement by the Issuer’s independent public accountant is required under Note Section 6.15(3) has not been delivered, the obligation to deliver such statement within 90 days after the end of each fiscal year.

	Company must deliver such written statement no later than January 18, 2008.

	Any Event of Default arising under the Note, solely to the extent such Event of Default resulted or would result only from a default that has been waived pursuant to that certain Limited Waiver For Series B Preferred Convertible Stock Sale, dated December ___, 2007, by and between the Company, the Guarantors and the Holders (as Guarantors and Holders are defined in the 2005 SPA) (a true and complete copy of such Limited Waiver is attached as Schedule B to this Letter Agreement) (the “Post Series B Limited Waiver”).

	n/a

[Remainder of page intentionally blank.]

PET Capital Partners LLC Limited Waiver Letter Agreement June 2007

EXECUTION DOCUMENT

Schedule B

See attached.

[Attach a fully executed copy of the Post Series B Limited Waiver.]

PET Capital Partners LLC Limited Waiver Letter Agreement June 2007Exhibit 10.38

Exhibit 10.38

EXECUTION DOCUMENT

As of March 20, 2009

PET Capital Partners LLC, as Agent

6800 Broken Sound Parkway, Suite 200

Boca Raton, FL  33487

Re:

FFN/PET Capital March 20, 2009 Limited Waiver

Ladies & Gentlemen:

Pursuant to Section 3.14 of that certain 13% Subordinated Term Loan Note due 2011 (the “Note”), by FriendFinder Networks Inc. (formerly known as Penthouse Media Group Inc.) (the “Company” or “Issuer”)), payable to PET Capital Partners LLC as Agent for the Holders listed on Schedule I to the Note, and guaranteed by the Subsidiary Guarantors party thereto, the Agent and the undersigned Holders hereby agree to waive each of the covenants identified on Schedule A attached to this FFN/PET Capital Limited Waiver, solely to the extent described on Schedule A (with each such waiver being effective as of the date such waiver is required to negate breach or non-compliance with the applicable covenant); provided that each such waiver shall remain effective only if the Company complies with the applicable restated obligation (if any) with respect to such waiver described on Schedule A.

Terms capitalized but not defined in this Letter Agreement have the respective meanings ascribed in the Note. This Letter Agreement may be executed via facsimile or e-mail, and in counterparts, all of which shall constitute one and the same instrument. Except as otherwise provided in this Letter Agreement, the Note remains in full force and effect.

[remainder of page intentionally left blank]

[signature page to limited waiver letter agreement]

Very truly yours,

PET CAPITAL PARTNERS LLC, as Agent and majority Holder

By:

/s/ Daniel C. Staton                         

Name:

Daniel C. Staton

Title:

Managing Member

cc:

FriendFinder Networks Inc.

6800 Broken Sound Parkway NW, Suite 100

Boca Raton, FL  33487

Please indicate your acceptance of the foregoing terms of this FFN/PET Capital Partners Limited Waiver by executing a copy and returning it to us.

ACCEPTED AND AGREED

FRIENDFINDER NETWORKS INC.

/s/ Ezra Shashoua

                                        

By:

Ezra Shashoua

Its:

CFO

Date:

3/20/09                                           

Schedule A: Limited Waivers Granted

		
	Waiver

	Restated Obligation (if any)

	The obligation under Note Section 6.15(3) to deliver for fiscal years 2007 and thereafter a written statement by the Issuer’s independent public accountant within 90 days after the end of such fiscal year.

	None.

	Any Event of Default arising under the Note, solely to the extent such Event of Default resulted or would result from a default that has occurred or is occurring under the agreements identified in Schedule B attached hereto.

	None.

	The obligation under Note Section 6.18 to cause newly-acquired or created Subsidiaries to execute a Guaranty pursuant to a joinder agreement in form and substance satisfactory to the Agent, and to execute and authorize the filing of Uniform Commercial Code financing statements and other recordings.

	Company must complete this obligation by March 31, 2010.

[Remainder of page intentionally blank.]

Schedule B

·

That certain Securities Purchase Agreement, dated as of August 17, 2005, relating to the 15% Senior Secured Notes due 2010 and certain other securities of FriendFinder Networks Inc., as amended, and that certain Securities Purchase Agreement, dated as of August 28, 2006, relating to the 15% Senior Secured Notes due 2010 and certain other securities of Company, and all related agreements, as amended.

·

That certain Securities Purchase Agreement, dated as of December 6, 2007, relating to the Senior Secured Class A Notes due 2011 issued by Interactive Network, Inc., and the Senior Secured Class B Notes due 2011, and certain securities of FriendFinder Networks Inc., and all related agreements, as amended.

·

That certain Sellers’ Securities Agreement, dated as of December 6, 2007, relating to the Subordinated Secured Notes due 2011 issued by Interactive Network, Inc., and certain securities of FriendFinder Networks Inc., and all related agreements, as amended.

·

Those certain 6% Subordinated Convertible Notes due 2011, dated December 6, 2007, June 30, 2008 and December 31, 2008, issued by Interactive Network, Inc.Exhibit 10.65

Exhibit 10.65

MODIFICATION OF LEASE

AMENDMENT TO LEASE THAT EXTENDS THE LEASE TERM

1.

Lease Amendment and Extension Agreement

This Lease Amendment and Extension Agreement is made on October 14, 2009, by KNK Properties, LLC, whose address is 5258 South Eastern Avenue, in Las Vegas, Clark County, Nevada (referred to in this instrument as “lessor”), and Streamray Inc., whose address is 5258 South Eastern Avenue, Suite #100, in Las Vegas, Clark County, Nevada (referred to in this instrument as “lessee”).

2.

Recitals

Pursuant to the lease dated April 21, 2005 (“lease”), and any further amendments and modifications, lessee let from lessor approximately 5,440 square feet of net rentable area in the building commonly known as Eastern Professional Plaza located at 5258 South Eastern Avenue, Suite #100, Las Vegas, Clark County, Nevada (the “premises”), and more specifically described in the lease, for a term, including through amendments, which expires on October 31, 2009 (the “lease termination date”).

Lessor and lessee desire to extend term of lease of said premises for a period of two (2) months beginning November 1, 2009 and terminating December 31, 2009.

Therefore, in consideration of the mutual promises contained in this Lease Amendment and Extension Agreement, the parties agree as follows:

3.

Section One – Construction

This Lease Amendment and Extension Agreement shall be construed in conjunction with the lease and shall not amend any terms, covenants, or conditions of the lease other than as expressly provided in this Lease Amendment and Extension Agreement.

4.

Section Two – Defined Terms

All terms used in this Lease Amendment and Extension Agreement shall have the meanings ascribed to them in the lease unless otherwise defined in this Lease Amendment and Extension Agreement.

5.

Section Three – Lease Terms

Other than as expressly set forth in this Lease Amendment and Extension Agreement, the terms of the letting of the premises shall be as indicated in the original lease dated April 21, 2005.

6.

Section Four – Base Rent

Beginning on November 1, 2009, lessee shall pay base rent for two (2) months of extension in the amount of $9,520.00 per month plus any applicable parking fees, payable in advance on the first day of each month in the manner provided in the lease.

7.

Section Five – Additional Rent

Lessee shall make payments with respect to real estate taxes, operating expenses, and other additional rent, if any, in the manner provided in the lease.

In witness, lessor and lessee duly executed this Lease Amendment and Extension Agreement, as of the day and year written above.

		
	LESSOR:

	LESSEE:

	 
	 

	KNK Properties, LLC

	Streamray Inc.

	A Nevada Limited Liability Company

	5258 S. Eastern Avenue, Suite #100

	5258 S. Eastern Avenue, Suite 252

	Las Vegas, Nevada 89119-2328

	Las Vegas, Nevada 89119

	 

	 
	 

	By: /s/ Fred Keiserman                     

	By: /s/ David Bloom                       

	Fred Keiserman

	David Bloom

	 
	 

	Its:

Principal

	Its:

President

	 
	 

	Executed in Las Vegas, Nevada

	Executed in

	 
	 

	on Oct 19                   , 2009

	on October 14                   , 2009

	 
	 

	at 5258 South Eastern Avenue, Suite #252

	at 220 Humboldt Ct

	Las Vegas, Nevada  89119

	    Sunnyvale, CA  94089

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