Document:

LINKING
      AGREEMENT

     

    This
      linking agreement (the “Contract”) is dated the 1st
      day of
      November 2006.

     

    THE
      PARTIES

    

    
      
        
          	(1)	
                  Vodafone
                    Libertel NV, a company incorporated in the Netherlands and whose
                    registered office
                    is at Avenue Ceramique 300, 6221 KX Maastricht (“Vodafone NL”).

                

        

      

    

    

    
      	(2)	
              Twistbox
                Entertainment, Inc., a company incorporated in Delaware, under company
                number
                4207607 and whose registered office is at 14242 Ventura Boulevard,
                3rd Floor,
                Sherman
                Oaks, California 91423, United States of America (the
                “Company”).

            

    

    

    THE
      PARTIES AGREE AS FOLLOWS: 

     

    
      	1	
              Commencement
                and Term

            

    

    

    
      
        	
              	1.1	
                This
                  Contract shall commence on the Effective Date and shall continue
                  for the
                  Initial Term
                  unless terminated in accordance with Clause 1.2 or Clause
                  9.

              

      

    

    

    
      
        	
              	1.2	
                On
                  expiry of the Fixed Period either Party shall have the right to
                  terminate
                  this Contract
                  by giving 3 months notice in writing to the other Party in the
                  event
                  that:

              

      

    

    

    
      	
            	1.2.1	
              Vodafone
                NL has a change in policy that would prohibit
                either:

            

    

     

    
      	
            	1.2.1.1	
              the
                Sale of Adult Content in the Directory;
                or

            

    

    

    
      	
            	1.2.1.2	
              link(s)
                to Adult Content from the
                Directory.

            

    

    

    
      	
            	1.3	
              After
                the Initial Term this Contract shall continue until terminated by
                any
                Party on 30 days
                written notice to the other Party or otherwise in accordance with
                Clause
                9.

            

    

    

    
      	2	
              Linking

            

    

    

    
      	 	
              2.1

            	
              The
                Company shall supply the Links to Vodafone NL for incorporation into
                the
                Directory.

            

    

    

    
      	
            	2.2	
              The
                Company grants Vodafone NL the Link
                Licence.

            

    

    

    
      	 	
              2.3

            	
              Vodafone
                NL shall not be deemed to be Selling any content or services to
                Customers
                or third parties on or through the Link Sites or the
                Links.

            

    

    

    
      	 	
              2.4

            	
              Vodafone
                NL shall place the Links in the Directory or any other section agreed
                between
                the Parties.

            

    

    

    
      	 	
              2.5

            	
              Vodafone
                NL shall give
                the
                Links prominent placement in particular sections of the Directory
                agreed between the Parties.

            

    

    

    
      	 	
              2.6

            	
              The
                Company shall be entitled to link the first 10 On-Net Keyword Search
                Results to Link
                Sites in the Directory.

            

    

    

    
      	 	
              2.7

            	
              The
                Company shall be entitled to link the first 10 Off-Net Keyword Search
                Results to:

            

    

    
      	
            	2.7.1	
              Link
                Sites outside the Directory; or

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    
      	
            	2.7.2	
              other
                sites where an affiliate arrangement exists between the Company and
                that
                site owner.

            

    

    

    
      	
            	2.8	
              The
                Company shall have the sole and exclusive management and hosting
                of the
                FON
                erotic part of the Vodafone NL WAP portal; provided, however, that
                Vodafone NL
                shall reserve the right to enter into written binding agreements
                with a
                maximum of three (3) third parties to directly commercialize erotic
                content on the Vodafone NL's FON Erotic WAP portal, without being
                in
                breach of this Agreement. Vodafone NL shall inform the Company in
                writing
                whenever it has entered into such written agreements with a third
                party.
                Any additional third party who desires to provide Vodafone
                NL's FON Erotic WAP Portal with erotic content, must first enter
                into an
                agreement
                with the Company, upon reasonable commercial terms and conditions,
                and
                subject to Vodafone NL's prior written approval, not to be unreasonably
                withheld.

            

    

    

    
      	3	
              Payment
                and Reporting

            

    

    

    
      	
            	3.1	
              Each
                Party
                shall
                comply with the provisions set out in Schedule 2 (Payment and
                Reporting).

            

    

    

    
      	
            	3.2	
              The
                relevant currency for this Contract shall be in Euros. All financial
                reports, statements,
                invoices, purchase orders, charges, payments and credits to be made
                or
                issued pursuant to this Contract shall be in
                Euros.

            

    

    

    
      	
            	3.3	
              If
                a Party (in this Clause 3.3 the “Debtor”) fails to pay the other Party (in
                this Clause 3.3
                the “Creditor”) any amount due and payable to the Creditor under this
                Contract by
                the time prescribed by this Contract (in this Clause 3.3 the “Due Date”),
                the Creditor
                shall be entitled to give the Debtor written notice of its intention
                to
                charge interest. All
                such notices shall be given in accordance with Clause 11.3. If
                payment
                of the amount due has still not been received by the Creditor within
                14
                days of receipt of such notice by the Debtor, the Debtor shall on
                demand
                by the Creditor
                pay the Creditor interest on the unpaid amount at the rate of 2%
                per annum
                above
                the De Nederlandsche Bank (d/b/a DNB) base rate in force on the Due
                Date,
                calculated
                from the Due Date until payment of the unpaid amount is made in
                full.

            

    

    

    
      	4	
              Tax

            

    

    

    
      	
            	4.1	
              Parties
                make use of article 4 (3) of the Dutch VAT Act 1968. By which means
                The
                Company
                shall provide Vodafone NL with a valid invoice for fictitious delivered
                content
                that meets all requirements duly imposed by the relevant taxation
                authorities
                and which specifically states the VAT (if VAT is applicable) and
                reasonably
                meets reasonable conditions necessary to allow Vodafone NL to obtain
                relief
                from such VAT if a relief procedure is available (“Tax Invoice”). The
                Company will
                pay to the tax authorities any charged VAT stated on the Tax
                invoice.

            

    

    

    (Free
      translation into English of article 4 (3) of the Dutch VAT Act 1968: Article
      4
      (1) Services
      are all transactions, not being a supply of goods, supplied for a consideration.
      (3) Services supplied by intermediation of a commissionaire or similar
entrepreneurs
      who close agreements in own name but on behalf of another, must be
      considered to be received by and supplied to that entrepreneur.)

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	
            	4.2	
              Vodafone
                NL shall provide invoices to end consumers for the fictitious delivered
                content
                and Vodafone NL will pay the VAT charged on the invoices to the tax
                authorities.

            

    

    

    
      	
            	4.3	
              Vodafone
                NL handles the standard Dutch VAT rate of 19% on the invoices send
                to
                the
                end consumers. (Unless the Company can prove
                to
                Vodafone NL that a different VAT
                rate should apply and the application of a different VAT rate is
                explicit
                been agreed
                by Vodafone NL.)

            

    

    

    
      	5	
              Directory
                and Vodafone NL
                Network

            

    

    

    
      	
            	5.1	
              Vodafone
                NL does not warrant that the Directory or the Vodafone NL Network
                will
                be
                fault free or free of interruptions. Vodafone NL aims to make the
                Directory available
                to its customers at all times and will take reasonable steps to do
                this.
                However,
                due
                to
                constraints
                of
                radio
                and
                electronic
                communications
                it is not possible
                for Vodafone NL to provide a fault free Directory service to its
                Customers.

            

    

    

    
      	
            	5.2	
              Vodafone
                NL shall have no liability to the Company for any failure of the
                Directory
                or the
                Vodafone Network whether this arises from a technical fault or other
                failure in the
                Directory, the Vodafone NL Network or
                otherwise.

            

    

    

    
      	
            	5.3	
              Vodafone
                NL may suspend the operation of the Directory and may suspend the
                operation
                of the Vodafone NL Network for the purposes of remedial or preventative
                maintenance
                and improvement and Vodafone NL (to the extent within its control)
                shall
                use all reasonable endeavours to keep such suspensions to a
                minimum.

            

    

    

    
      	6	
              IPR

            

    

    

    
      	
            	6.1	
              The
                Parties agree that all IPR in the Links shall remain with the Company
                and
                its licensors.

            

    

    

    
      	
            	6.2	
              The
                Company shall be responsible to obtain all licences, clearances,
                permissions, waivers,
                approvals or consents required in order to grant the Link Licence
                to
                Vodafone
                NL pursuant to Clause 2.2.

            

    

    

    
      	
            	6.3	
              The
                Company shall indemnify and keep the Indemnified Parties indemnified
                from
                and against any and all demands, actions, claims, proceedings, losses,
                damages, costs and expenses (including court costs and legal costs
                assessed on a solicitor-client
                basis, and other professional costs and expenses) and other liabilities
                of
                whatever
                nature (whether foreseeable or not) suffered, incurred or sustained
                by any
                or
                all of the Indemnified Parties as a result of or in connection with
                any
                action, claim, demand
                or proceeding made or brought by any person alleging that the provision
                of
                any
                part
                of
                the Links by the Company or Vodafone NL's receipt, use or possession
                of
                any part of the Links in accordance with the Link Licence infringes
                the
                rights (including
                IPRs) of any person.

            

    

    

    
      	7	
              Warranties

            

    

    

    
      
        
          	
                	7.1	
                  Each
                    Party warrants and represents to the other that it has full power
                    and
                    authority to
                    enter into and perform its obligations under this
                    Contract.

                

        

      

    

    

    
      	
            	7.2	
              The
                Company warrants and represents to Vodafone NL
                that:

            

    

    

    
      	
            	7.2.1	
              it
                has all necessary rights, title and interest in the Links in order
                to
                grant
                the Link Licence;

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	
            	7.2.2	
              the
                Link Sites shall be compliant with the Guidelines and shall clearly
                classify
                any content accessible through the Link Sites with any
                adult content
                classification framework criteria agreed between Vodafone NL
                and
                the Company; and

            

    

    

    
      	
            	7.2.3	
              it
                will exercise commercially reasonable efforts so that neither the
                Links
                nor the Link Sites will contain any
                Viruses.

            

    

    

    
      	
            	7.3	
              Vodafone
                NL represents and warrants to the Company
                that:

            

    

    

    
      	
            	7.3.1	
              that
                as of September 1, 2006, the total number
                of Age Verified Customers was 412,921;
                and

            

    

    

    
      	
            	7.3.2	
              it
                will exercise commercially reasonable efforts to increase the number
                of
                Age Verified Customers by 30,000 for each
                quarter.

            

    

    

    
      	
            	7.4	
              Each
                Party shall indemnify and hold harmless the Indemnified Parties from
                and
                against
                any actions, proceedings, costs, claims and demands brought or made
                against any or all of the Indemnified Parties and against any loss
                or
                expense suffered, incurred or sustained by any or all of the Indemnified
                Parties
                as a result of any breach of Clause
                7.

            

    

    

    
      	8	
              Liability
                and Insurance

            

    

    

    
      	
            	8.1	
              Nothing
                in this Contract shall be construed to limit or exclude any Party's
                liability:

            

    

    

    
      	
            	8.1.1	
              for
                death or personal injury caused by such Party or such Party's employee's
                or contractor's negligence;

            

    

    

    
      	
            	8.1.2	
              for
                fraudulent misrepresentation or
                fraud;

            

    

    

    
      	
            	8.1.3	
              pursuant
                to Clause 6 (IPR);

            

    

    

    
      	
            	8.1.4	
              pursuant
                to Clause 7 (Warranties); or

            

    

    

    
      	
            	8.1.5	
              pursuant
                to Clause 10 (Confidentiality and
                Publicity).

            

    

    

    
      	
            	8.2	
              Subject
                to Clause 8.1, no Party shall be liable for
                any
                loss of profit,
                business,
                revenue,
                opportunity, goodwill
                or anticipated savings in
                connection with this Contract.

            

    

    

    
      	
            	8.3	
              Subject
                to Clause 8.1, no Party shall be liable for any indirect, incidental,
                special or consequential
                loss in connection with this
                Contract.

            

    

    

    
      	9	
              Termination

            

    

    

    
      	
            	9.1	
              Either
                Party may terminate this Contract with immediate effect
                by giving written notice
                to the other Party, in circumstances where the other
                Party:

            

    

    

    
      	
            	9.1.1	
              is
                in material breach of any terms of this Contract and fails to remedy
                the breach
                within 30 days after receiving written notice requiring it
                to do so; or

            

    

    

    
      	
            	9.1.2	
              becomes
                subject to an Insolvency Event.

            

    

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
      	
            	9.2	
              In
                the event that search terms and results provided by "Google," or
                any other
                white label
                solution, has a direct negative impact on traffic and revenues generated
                by the Company's
                content on Vodafone NL's FON Erotic WAP portal, the Parties agree
                to
                enter
                into good faith negotiation to renegotiate the terms of this Agreement.
                If
                the Parties
                fail to reach a compromise, the Company may terminate this Contract
                with
                immediate
                effect by giving written notice to Vodafone
                NL.

            

    

    

    
      	
            	9.3	
              Termination
                of this Contract shall not affect the accrued rights and remedies
                of each
                Party.

            

    

    

    
      	10	
              Confidentiality
                and Publicity

            

    

    

    
      	
            	10.1	
              Each
                Recipient Party agrees to:

            

    

    

    
      	
            	10.1.1	
              use
                Confidential Information solely for the purposes envisaged under
                this
                Contract
                and not to use the Confidential Information for any other
                purposes;

            

    

    

    
      	
            	10.1.2	
              ensure
                that only those of its employees, agents, advisers or sub-contractors
                who
                are directly concerned with the performance of this Contract
                have access to the Confidential Information on a "need to know" basis;
                and

            

    

    

    
      	
            	10.1.3	
              keep
                the Confidential Information secret and confidential and not to
                disclose
                such Confidential Information to any third party for any reason
                without
                the prior written consent of the Disclosing
                Party.

            

    

    

    
      	
            	10.2	
              The
                obligations of confidence referred to in Clause 10.1 above shall
                not
                extend to any
                Confidential Information which:

            

    

    

    
      	
            	10.2.1	
              is
                or becomes generally available to the public otherwise than by reason
                of a
                breach by the Recipient Party of the provisions of Clause
                10.1;

            

    

    

    
      	
            	10.2.2	
              is
                known to the Recipient Party and is at its free disposal prior to
                its
                disclosure
                by the Disclosing Party;

            

    

    

    
      	
            	10.2.3	
              is
                subsequently disclosed to the Recipient Party without obligations
                of
                confidence
                by a third party owing no such obligations of confidence to the
                Disclosing
                Party in respect of that Confidential
                Information;

            

    

    

    
      	
            	10.2.4	
              is
                required to be disclosed by any court or government authority competent
                to
                require such disclosure; and

            

    

    

    
      	
            	10.2.5	
              by
                any material applicable law, legislation or
                regulation.

            

    

    

    
      	
            	10.3	
              Notwithstanding
                Clause 10.1, Vodafone NL may disclose any Confidential Information
                to any
                company in the Vodafone Group provided always that such company
                agrees to observe the same confidentiality obligations imposed on
                Vodafone
                NL pursuant this Clause 10.

            

    

    

    
      	
            	10.4	
              No
                Party shall make any public statements or issue any press releases
                about
                this Contract
                or its contents or any other arrangements or potential arrangements
                between
                the Parties without the prior written consent of
                the
                other Party.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	11	
              Data
                Protection and Data
                Security

            

    

     

    
      	
            	11.1	
              The
                Company shall not allow any personal data it collects pursuant to
                this
                Contract to
                be used for any purpose other than those authorised or permitted
                by this
                Contract.

            

    

    

    
      	
            	11.2	
              The
                Company shall not allow any personal data it collects pursuant to
                this
                Contract to
                be used (whether by the Company or any third party) for any marketing
                purposes without
                the prior written consent of Vodafone NL and the prior consent of
                the
                Customer
                to whom the personal information relates. Without limitation, this
                clause
                shall
                prevent the use of MSIDNs, targeted advertising, and tailoring Link
                Sites
                or affiliate
                Sites to the Customer without the prior written consent of Vodafone
                NL and
                the prior consent of the Customer to whom the personal information
                relates.

            

    

    

    
      	
            	11.3	
              For
                the avoidance of doubt, the Company shall acquire no rights in any
                personal data
                collected pursuant to this Contract and shall only be entitled to
                process
                it in accordance
                with its obligations under this Contract. On termination of this
                Contract
                the
                Company shall immediately cease to use such personal data and shall
                arrange for
                its safe return, destruction, erasure or
                deletion.

            

    

    

    
      	
            	11.4	
              Each
                Party shall strictly comply with:

            

    

    

    
      	
            	11.4.1	
              the
                notification requirements under the
                DPA;

            

    

    

    
      	
            	11.4.2	
              the
                relevant data protection principles specified in the DPA;
                and

            

    

    

    
      	
            	11.4.3	
              any
                material applicable legislation and regulation in The Netherlands
                implementing
                European Union Directive
                2002/58/EC.

            

    

    

    
      	
            	11.5	
              The
                Company shall not allow any personal data it collects pursuant to
                this
                Contract to
                be transferred outside of the EEA without the prior written consent
                of
                Vodafone NL.

            

    

    

    
      	
            	11.6	
              Each
                Party shall ensure that it has appropriate operational and technical
                processes in place to safeguard against any unauthorised access,
                loss,
                destruction, theft, use or
                disclosure of any personal data it collects pursuant to this
                Contract.

            

    

    

    
      	12	
              Assignment
                and Sub-contracting

            

    

    

    
      	
            	12.1	
              Each
                Party shall be entitled to subcontract the performance of its rights
                and
                obligations under this Contract. Notwithstanding
                the use of any sub-contractor, each
                Party shall remain solely liable to the other Party for the performance
                of
                its rights
                and obligations under this
                Contract.

            

    

    

    
      	
            	12.2	
              No
                Party shall be entitled to assign, novate or otherwise dispose of
                or deal
                with this Contract
                or any part of it without the previous consent in writing of the
                other
                Party, which
                may be withheld at the other Party's sole discretion; provided, however,
                no consent
                is necessary in the event of an assignment by either Party: (i) to
                a
                successor
                entity resulting from a merger, combination or consolidation; (ii)
                to the
                transferee
                of
                all
                or substantially all of the assets of the assigning Party or
                its parent(s);
                or (iii) to an entity under common control with, controlled by or
                in
                control of
                the
                assigning Party.

            

    

    

    
      	
            	12.3	
              Notices
                given in accordance this Clause 12.3 shall be deemed to have been
                duly
                given:
                when delivered, if delivered by messenger during normal business
                hours of
                the recipient; when sent, if transmitted by facsimile transmission
                (receipt confirmed and
                with a confirmation copy sent by post) during normal business hours
                of the
                recipient;
                or on the third business day following posting, if posted by first
                class
                or recorded
                post with postage pre-paid.

            

    

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    Notice
      to
      the Company to be provided as follows:

     

    
      	
            	If
              by mail or facsimile:	
              Twistbox
                Entertainment, Inc.. 
                14242
                  Ventura Boulevard, Third
                  Floor

                Sherman Oaks, California 91423 USA
                  

                Attn:
                  International Sales/Distribution 

                Attn:
                  EVP/General Counsel

                Fax:
                  (818)
                  708-0598

              

            

    

     

    Notice
      to Vodafone NL to be provided as follows:

     

    
      	 	If by mail or
              facsimile:	
              Vodafone
                Netherlands

              Avenue
                Ceramique 241

              6221
                HX Maastricht

              The
                Netherlands

              Attn:
                Content & VAS wholesale department

              Fax:
                +31 433558513

            

    

     

    
      	13	
              General

            

    

     

    
      	
            	13.1	
              This
                Contract shall be capable of being varied only by a written instrument
                signed by
                duly authorised representatives of Vodafone NL and the
                Company.

            

    

     

    
      	
            	13.2	
              Except
                in the case of any permitted assignment pursuant to this Contract
                and
                except in relation to Clause 6.3 and Clause 7.3, the Parties agree
                to
                exclude to the fullest extent possible the application of the Contracts
                (Rights of Third Parties) Act 1999
                to this Contract.

            

    

     

    
      	
            	13.3	
              This
                Contract is severable in that if any provision is determined to be
                illegal
                or unenforceable
                by any court of competent jurisdiction such provision shall be
                deemed
                to have been deleted without affecting the remaining provisions of
                this
                Contract.

            

    

     

    
      	
            	13.4	
              The
                failure to exercise or delay in exercising a right or remedy provided
                by
                this Contract
                or by law does not constitute a waiver of the right or remedy or
                a waiver
                of other
                rights or remedies.

            

    

     

    
      	
            	13.5	
              Except
                as expressly stated otherwise in this Contract, nothing in this Contract
                constitutes any relationship of employer and employee, agent and
                principal, or partnership
                between the Parties.

            

    

     

    
      	
            	13.6	
              Except
                as may be expressly provided herein, any dispute between the Parties
                arising
                under this Contract shall be finally settled in London, England pursuant
                to the
                Rules
                of
                Arbitration of the International
                Chamber
                of
                Commerce.

            

    

     

    
      
        
          
          

        

        
          7

          
            

          

        

         

      

    

    

    
      	14	
              Definitions
                and Interpretation

            

    

     

    
      	
            	14.1	
              In
                this Contract the following words and terms shall have the following
                meanings unless
                the context otherwise requires:

            

    

     

    
      	
              “Adult
                Content”

            	 	means any adult erotica content which
              is only
              accessible
              by Age Verified Customers.
	 	 	 
	
              “Advertising”

            	 	means the advertising and promotion
              of any
              goods or
              services offered for sale by any third party;
	 	 	 
	
              “Age
                Verified Customers”

            	 	A customer which has a postpaid subscription
              for the
              services provided by Vodafone NL. In order
              to
              get
              a postpaid subscription a person needs to be at least
              18 years old.
	 	 	 
	
              “Codes
                of Practice”

            	 	means:
	 	 	 
	 	 	
              (a)  
all
                material applicable codes of practice, laws,
                regulations, government 
                recommendations and
                any
                recommendations
                of
                any
                applicable
                regulatory
                body; and

            
	 	 	 
	 	 	
              (b)  
any
                rules, procedures (including technical or quality control
                procedures),
                guidelines,
                directions,
                policies
                and
                any
                other
                requirements provided to the Company as made
                or adopted by Vodafone NL in relation to
                the operation of
                the Directory,
                the participation
                of content suppliers in the VLive!
                service or the provision of content for placement
                in the Directory;

            
	 	 	 
	
              “Confidential
                Information”

            	 	
              means
                any financial, business and technical or other data
                and all other confidential information (whether written,
                oral, in electronic form or on magnetic or other
                media) concerning the business and affairs of a Party that the other
                Party
                obtains, receives or has access
                to as a result of the discussions or dealings leading
                up to or the entering into or the performance of
                this Contract (including, for the avoidance of doubt,
                the terms of this Contract);

            
	 	 	 
	
              “Customer”

            	 	means a user of the Directory;
	 	 	 
	
              “Directory”

            	 	means:
	 	 	 
	 	 	
              (a)  
the
                VLive! mobile content directory;

            
	 	 	 
	 	 	
              (b)  
any
                SMS, MMS, video download, audio download
                and video and audio streaming services provided by Vodafone NL;
                and

            

    

     

    
      
        
          
          

        

        
          8

          
            

          

        

         

      

    

     

    
      	 	 	
              (c)  
any
                other delivery mechanism provided by Vodafone
                NL from time to time;

            
	 	 	 
	
              “Disclosing
                Party”

            	 	means the Party which has disclosed,
              furnished or made
              accessible to the Recipient Party, any Confidential
              Information;
	 	 	 
	
              “DPA”

            	 	means any material applicable laws,
              regulations or codes of conduct relating to data protection or the
              rights
              of the data subject;
	 	 	 
	
              “EEA”

            	 	means the European Economic Area consisting
              of all
              European Union member states together with Iceland,
              Liechtenstein and Norway;
	 	 	 
	
              “Effective
                Date”

            	 	means the date that this Contract is
              signed
              by the Parties;
	 	 	 
	
              “Fixed
                Period”

            	 	means a period of 6 calendar months
              commencing on
              the Effective Date;
	 	 	 
	
              “Guidelines”

            	 	means any written guidelines provided
              by
              Vodafone NL
              to the Company from time to time which relate to content
              standards (including
              anti-social,
              adult,
              fraudulent,
              unlawful
              or
              otherwise inappropriate content)
              and any Codes of Practice;
	 	 	 
	
              “Image”

            	 	means the images, likenesses,
              characteristics,
              names
              and other aspects of artists, celebrities, well known
              or famous people;
	 	 	 
	
              “Indemnified
                Parties”

            	 	means Vodafone NL including its officers,
              servants, agents,
              contractors and assigns;
	 	 	 
	
              “Initial
                Term”

            	 	means a period of 1 calendar year commencing
              on the
              Effective Date;
	 	 	 
	
              “Insolvency
Event”

            	 	means circumstances in which a Party
              makes
              any voluntary
              arrangement with its creditors or becomes subject
              to an administration order or goes into liquidation
              (otherwise than for the purpose of amalgamation
              or
              reconstruction), or
              (being a company)
              has a receiver or an administrative receiver
              appointed over all or part of its assets;
	 	 	 
	
              “IPR”

            	 	
              means
                copyright (and related rights), database
                rights,
                design rights, topography rights, image rights,
                trade marks, service marks, trade and business
                names (including all goodwill associated with
                any trade marks, trade and
                business
                names or other
                names) or domain names (whether
                or not any of the
                same
                are
                registered
                and including
                applications
                for registration of any of the
                same);

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    
      	
              “Keywords”

            	 	
              means
                those adult erotic words and phrases which the
                Parties agree in writing will generate the relevant On-Net
                Keyword Search Results and Off-Net Keyword
                Search Results;

            
	 	 	 
	
              “Link
                Licence”

            	 	
              means
                the licence set out in Schedule 1;

            
	 	 	 
	
              “Links”

            	 	
              means
                any selectable connections to the Link Sites provided
                by the Company to Vodafone NL from time to
                time;

            
	 	 	 
	
              “Link
                Sites”

            	 	
              means
                a site featuring Adult Content owned or provided
                by the Company;

            
	
               

            	 	 
	
              “Off-Net
                Keyword Search

              
                Result”

              

            	 	
              a result from a Customer search for Adult Content
                using
                a Keyword or Keywords in the Vodafone NL owned
                Directory search function which directs a Customer
                to Adult Content which is outside the Directory;

            
	 	 	 
	
              “On-Net
                Keyword Search

              
                Result”

              

            	 	
              a
                result from a Customer search for Adult Content using
                a Keyword or Keywords in the Vodafone NL owned
                Directory search function which directs a Customer
                to Adult Content in the Directory;

            
	 	 	 
	
              “Party”

            	 	means Vodafone NL and the Company
              individually;
	 	 	 
	
              “Parties”

            	 	means Vodafone NL and the Company
              collectively;
	 	 	 
	
              “Recipient
                Party”

            	 	means the Party to whom Confidential
              information has been disclosed, furnished or made accessible by
              the Disclosing Party;
	 	 	 
	
              “Sale”

            	 	means the licence and supply of content
              by
              the Company
              to a Customer on or through the Link Sites,
              and the terms “Sell” and “Sold” shall be
              construed
              accordingly;
	 	 	 
	
              “Territory”

            	 	means The Netherlands;
	 	 	 
	
              “VAT”

            	 	“VAT”
              means Value Added Tax or any analogous tax
              in any relevant jurisdiction including but not limited
              to use, sales and local sales taxes of any kind
              on any goods or services supplied pursuant to this
              contract or any goods or services supplied to customers
	 	 	 
	
              “Virus”

            	 	means any computer virus, trojan horses,
              worms, logic
              bombs, time
              bombs,
              invasive
              computer programs,
              or other computer programming routines that
              may damage or detrimentally interfere with any computer or
              telecommunications network (including the
              Vodafone NL Network), equipment or handsets;
	 	 	 
	
              “Vodafone
                NL Network”

            	 	
              means
                any telecommunication systems operated by Vodafone
                NL;

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    
      	
            	14.2	
              In
                this Contract:

            

    

    
      	
            	14.2.1	
              all
                references to Clauses and Schedules are references to clauses and
                schedules in this Contract, unless the context otherwise
                requires;

            

    

    

    
      	
            	14.2.2	
              references
                to “includes” or “including” shall be construed without limitation
                to the generality of the preceding or proceeding
                words;

            

    

    

    
      	
            	14.2.3	
              words
                importing gender shall include all genders, words denoting the
                singular
                shall include the plural, words denoting persons include incorporated
                and unincorporated bodies, and in each case vice
                versa;

            

    

    

    
      	
            	14.2.4	
              any
                reference to a Party to this Contract includes a reference to that
                Party's
                successors in title and permitted
                assigns;

            

    

    

    
      	
            	14.2.5	
              reference
                to any directive, statute, statutory provision or statutory instrument
                includes a reference to that directive, statute, statutory provision
                or statutory instrument together with all rules and regulations
                made
                under them and as from time to time amended, consolidated or
                re-enacted.

            

    

    

    
      	
            	14.3	
              The
                headings in this Contract are for information only and are to be
                ignored
                in construing
                the same.

            

    

    

    
      	
            	14.4	
              The
                attached Schedules shall form part of this Contract and shall be
                construed
                and shall
                have the same force and effect as if they were expressly set out
                in the
                main body
                of this Contract and any references to this Contract includes the
                Schedules.

            

    

    

    
      	
            	14.5	
              In
                the event of any inconsistency, the terms of the main body of this
                Contract shall prevail
                over the terms of any Schedules.

            

    

    

    
      	
            	14.6	
              References
                to this Contract shall be deemed to be a reference to the current
                version
                of
                this Contract in the event that it is varied by agreement of the
                Parties
                in accordance
                with Clause 13.1.

            

    

    

    [SIGNATURE
      PAGE TO FOLLOW]

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

      	
              Signed
                for and behalf of Vodafone NL

            	 	 	 
	 	 	 	 
	Signature: 
              /s/ Harry Odenhoven	 	 	
            
	
              
                

              

              Name:
                Harry Odenhoven

              
                Title:
                  director on-line services

              

            	 	 	
            

    

     

     

    
      Signature:

       

    

    
      Name:
        Graeme Millar

       

      
        Title:
          director consumer business unit

         

        /s/
          Graeme Millar 

         

         

      

      
        	
                Signed
                  for and on behalf of the company

              	 	 	 
	 	 	 	 
	
                Signature: 
                  /s/ David
                  Mandell                                      
                  

              	 	 	
              
	
                Name:
                  David
                  Mandell                                
                  

                
                  Title:
                    EVP/General
                    Counsel                     
                    

                

              	 	 	
              

      

      
        
          

            *WE
              HAVE REQUESTED CONFIDENTIAL TREATMENT OF CERTAIN PROVISIONS CONTAINED
              IN THIS
              EXHIBIT. THE COPY FILED AS AN EXHIBIT OMITS THE INFORMATION SUBJECT
              TO THE
              CONFIDENTIALITY REQUEST.*

          

           

          
            
            

          

          
            12

            
              

            

          

          
            
            

          

        

      

    

     

    SCHEDULE
      1

     

    Link
      Licence

    

    
      	1	
              The
                Company hereby grants to Vodafone NL a non-exclusive licence for
                the term
                of this Contract
                to use, store, reproduce, display, distribute, transmit, communicate
                and
                make the Link
                available to Customers on or through the Directory in the
                Territory.

            

    

     

    
      	2	
              The
                Company hereby grants to Vodafone NL a non-exclusive licence to edit
                and
                modify the Link
                for the purpose of optimising such Content
                for:

            

    

     

    
      	
            	2.1	
              the
                delivery of the Link to Customers on or through the Directory in
                the
                Territory; and

            

    

    

    
      	
            	2.2	
              the
                display of the Link on mobile
                phones.

            

    

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    
      
        SCHEDULE
          2 

         

        Payment
          and
          Reporting

         

        
          	1	
                  Definitions
                    and
                    Interpretation

                

        

        

        
          	
                	1.1	
                  In
                    this Schedule the following words and terms shall have the following
                    meanings unless
                    the context otherwise requires:

                

        

        

        
          	
                  “Actual
                    AVC”  

                	 	
                  means
                    the total number of Age Verified Customers
                    measured at the end of a Quarter;

                
	 	 	 
	
                  “Actual
                    Availability”  

                	 	
                  means
                    the percentage of time that the Directory is
                    available
                    to
                    Customers,
                    measured
                    across a Quarter;

                
	 	 	 
	
                  “Availability
                    Factor” 

                	 	
                  means,
                    for each Quarter,

                
	 	 	 
	 	 	
                  
                    
                      · 
                        [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2]if Actual Availability is [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2]or
                        greater;

                    

                  

                  

                  
                    
                      ·
                        [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2],
                        if Actual Availability is [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2]
                        or greater but less than [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2];

                    

                  

                  

                  
                    
                      · [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2],
                        if Actual Availability is [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2]
                        or greater
                        but less than [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2];

                    

                  

                  

                  
                    
                      ·
                        [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2],
                        if Actual Availability is [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2]
                        or greater but less than [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2];

                    

                  

                  

                  
                    
                      ·
                        [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2],
                        if Actual Availability is [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2]
                        or greater but less than [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2];

                       

                      ·
                        [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2],
                        if Actual Availability is less than [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2]

                    

                  

                
	 	 	 
	
                  “AVC
                    Factor” 

                	 	
                  means,
                    for each Quarter

                
	 	 	 
	 	 	
                  
                    
                      ·
                        [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2],
                        if Actual AVC / Projected AVC expressed
                        as a percentage is [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2]or greater;

                    

                  

                  

                  
                    
                      ·
                        [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2],
                        if Actual AVC / Projected AVC
                        expressed as a percentage is [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2]or greater but less than [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2];

                    

                  

                  

                  
                    
                      ·
                        [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2],
                        if Actual AVC / Projected AVC
                        expressed as a percentage is 85%
                        or greater but less than [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2];

                    

                  

                  

                  
                    
                      ·
                        [INFORMATION
                        OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                        24B-2],
                        if Actual AVC / Projected AVC
                        expressed as a percentage
                        is

                    

                  

                

        

         

        
          
            
            

          

          
            14

            
              

            

          

          
            
            

          

        

         

        
          	
                  “Q2” 

                	 	
                  means
                    a period of 3 calendar months commencing on
                    the
                    date
                    immediately following the expiration of
                    Q1;

                
	 	 	 
	
                  “Q3” 

                	 	
                  means
                    a period of 3 calendar months commencing
                    on
                    the
                    date
                    immediately
                    following
                    the expiration of Q2;

                
	 	 	 
	
                  “Q4” 

                	 	
                  means
                    a period of 3 calendar months commencing on
                    the
                    date
                    immediately
                    following
                    the expiration of Q3;

                
	 	 	 
	
                  “Quarter” 

                	 	
                  means
                    either Q1, Q2, Q3
                    or Q4, as appropriate;

                
	 	 	 
	
                  “Quarter
                    Revenue Guarantee” 

                	 	
                  means:

                
	 	 	 
	 	 	
                  · 
for
                    Q1, [INFORMATION OMITTED
                    AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE 24B-2]

                   

                  · 
for
                    Q2, [INFORMATION OMITTED
                    AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE 24B-2]

                  

                  · 
for
                    Q3, [INFORMATION OMITTED
                    AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE 24B-2]

                  

                  · 
for
                    Q4, [INFORMATION OMITTED
                    AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE
                    24B-2]

                
	 	 	 
	
                  “Reporting
                    Address”  

                	 	 
	 	 	 
	
                  “Revenue
                    Payment”  

                	 	
                  means
                    the amount payable by the Company to
                    Vodafone
                    NL
                    such
                    amount
                    being
                    calculated in accordance with paragraph 2 of
                    this Schedule 2;

                
	 	 	 
	
                  “Sale
                    Deductions”   

                	 	
                  means
                    any VAT Amounts;

                
	 	 	 
	
                  “Sale
                    Revenue”  

                	 	
                  means
                    the
                    total
                    amount
                    of
                    revenue
                    generated
                    by the Sale of
                    Adult
                    Content on Link Sites; by content charging (i.e.
                    any
                    data charges
                    or access charges are excluded).

                
	 	 	 
	
                  “VAT
                    Amounts” 

                	 	
                  means
                    any Value Added Tax or any analogous
                    tax in any relevant jurisdiction including
                    but not limited to use, sales and local sales taxes of any kind
                    (excluding
                    any taxes
                    levied solely on the parties capital or income)
                    to be paid and accounted for by parties
                    in respect of a sale.

                

        

         

        
          	
                  1.2

                	
                  In
                    this Schedule all references to paragraphs are references to
                    paragraphs in
                    this Schedule
                    unless the context otherwise
                    requires.

                

        

         

        
          
            
            

          

          
            15

            
              

            

          

          
            
            

          

        

        
          	2	
                  Revenue
                    Payment and Additional Revenue
                    Payment

                

        

        

        
          	
                	2.1	
                  The
                    Revenue Payment payable to Vodafone NL by the Company shall be
                    calculated
                    as [INFORMATION OMITTED AND FILED SEPARATELY WITH THE COMMISSION
                    UNDER RULE 24B-2]% of
                    the Net Partnership Revenue.

                

        

        

        
          	
                	2.2	
                  All
                    payments
                    shall be exclusive of VAT, which shall be paid in addition if
                    applicable
                    subject
                    to receipt of a valid VAT invoice.

                

        

        

        
          	
                	2.3	
                  The
                    combined total of all Net Sale Revenue and Net Partnership Revenue,
                    generated
                    by Vodafone NL's FON Erotic WAP portal, to be received by Vodafone
                    NL for
                    each Quarter shall be no less than the Quarter Revenue Guarantee
                    which
                    relates
                    to that Quarter. Where
                    the total of all Net Sale Revenue and Net Partnership
                    Revenue received by Vodafone NL for a particular Quarter is less
                    than
                    the
                    Quarter Revenue Guarantee which relates to that Quarter, the
                    Company shall
                    pay
                    an additional Revenue Payment to Vodafone NL for that Quarter
                    (“Additional
                    Revenue Payment”) in the same manner as the Revenue Payments are payable
                    under
                    of this Schedule 2. The Additional Revenue Payment shall be calculated
                    on
                    the following basis:

                

        

         

        Additional
          Revenue Payment = (X -
          Y) 
          x  AVC
          Factor  x  Availability
          Factor where:

        

        X
          = the
          Quarter Revenue Guarantee which relates to that Quarter; and

        

        Y
          = the
          combined total of all Net Sale Revenue and Net Partnership
          Revenue.

        
          	3	
                  Monthly
                    Reports

                

        

        
          	
                	3.1	
                  Vodafone
                    NL shall prepare a Monthly Report for each calendar month (or
                    part
                    thereof) during the term of this Contract and provide it to the
                    Company no
                    later than
                    10 working days after the end of each calendar month to which
                    the monthly
                    report
                    relates at the following addresses:

                

        

         

        Twistbox
          Entertainment, Inc.

        14242
          Ventura
          Boulevard, Third Floor

        Sherman
          Oaks, California 91423
          USA

        Attn:
          Finance Department

        Fax:
          1-818-708-0598

        

        Email:
          invoices @
          waat.com
          and
mrosengarten@waat.com

         

        
          	
                	3.2	
                  The
                    Monthly Report shall set out details of the following
                    matters:

                

        

        

        
          	
                	3.2.1	
                  the
                    number and category of sales in that calendar month;
                    and

                

        

        

        
          	
                	3.2.2	
                  the
                    amount of gross sales revenue generated in that calendar
                    month.

                

        

        

        
          	4	
                  Revenue
                    Payment

                

        

         

        
          	
                	4.1	
                  The
                    Revenue Payment payable to the Company shall be calculated as
                    50% of the
                    Net Sales Revenue. No revenue share shall apply to any data charges
                    or
                    time based
                    charges for browsing in the FON
                    area.

                

        

         

        
          
            
            

          

          
            16

            
              

            

          

          
            
            

          

        

        
          	5	
                  Payment
                    Procedure

                

        

        
          	
                	5.1	
                  In
                    accordance with the Monthly Report, the Company shall issue an
                    invoice
                    which contains
                    details of the relevant invoice and the amount of the Revenue
                    Payment
                    payable
                    to the Company for any calendar month (or part thereof) during
                    the term of
                    this
                    Contract. The
                    Company shall provide such invoice to Vodafone NL no later than
                    thirty (30) days after the end of the calendar month to which
                    the Revenue
                    Payment relates.

                

        

        

        
          	
                	5.2	
                  Vodafone
                    NL shall pay all invoices issued by the Company no later than
                    the end of
                    the
                    calendar month in which the invoice is received by Vodafone
                    NL.

                

        

        

        
          	
                	5.3	
                  Payment
                    of any Revenue Payment shall be made by Vodafone NL to the Company
                    as
                    follows:

                

        

        

        Send
          to:

        American
          Express Bank, Frankfurt

        Swift
          Code: AEIBDEFXXX

        

        Credit
          to:

        EAST
          WEST
          BANK, Pasadena

        Swift
          Code: EWBKUS66XXX

        ABA
          322070381

        Account:
          018081601

        Further
          Credit to:

        EAST
          WEST
          BANK

        18321
          Ventura Boulevard

        Tarzana,
          California 91356

        Account
          Name: TwistBox Entertainment

        ABA
          Number: 322070381

        Account
          Number: 0082708884

        

        
          	6	
                  Inspection

                

        

        

        
          	
                	6.1	
                  During
                    the term of this Contract and for a period of 12 months after
                    termination
                    of this
                    Contract, Vodafone NL shall, upon reasonable written request
                    by the
                    Company,
                    provide the Company with reasonable access to inspect any information
                    that
                    the Company may reasonably require in order to verify the accuracy
                    of any
                    financial
                    report or statement (including any Monthly Report) made or given
                    by
                    Vodafone
                    NL under this Contract.

                

        

        

        
          	
                	6.2	
                  If
                    as a result of any inspection carried out by the Company pursuant
                    to
                    paragraph 6.1
                    any discrepancy is discovered, Vodafone NL shall rectify such
                    discrepancy
                    within
                    15 days after being advised of the discrepancy and immediately
                    pay to the
                    Company
                    all amounts discovered to be due the Company as a result of any
                    such
                    inspection
                    within thirty (30) days of invoice. In
                    addition, in the event any such inspection
                    reveals a discrepancy of five percent (5%) or more in the Company's
                    favor,
                    Vodafone NL will pay all reasonable costs of the Company's inspection,
                    and
                    such
                    costs shall be added to the Company's invoice for amounts
                    due.

                

        

         

        
          
            
            

          

          
            17AGREEMENT

     

     

     

    Entered
      into by and between

     

    TWISTBOX
      ENTERTAINMENT, INC.

    Tax
      number 80-0058995

    Tel:
      +1-818-301-6200

    Fax:
      +1-818-708-0598

    (hereinafter
      “Twistbox”)

     

    AND

     

    VODAFONE
      PORTUGAL - COMUNICAÇÕES PESSOAIS, S. A.

    Tax
      number 502 544 180

    Tel:
      +351
      21 091 4407

    Fax:
      +
      351 21 091 4414

    (hereinafter
      “Vodafone”)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    AGREEMENT

     

    THIS
      AGREEMENT (“Agreement”) is entered into on 23th
      day of
      March 2007, between:

     

    TWISTBOX
      ENTERTAINMENT, INC.,
      a
      company incorporated under the laws of the State of Delaware, USA, having its
      registered office at Secretary of State Registry Office of Delaware under number
      4207607, tax number 80-0058995, herein duly represented by David Mandell in
      his
      capacity of EVP/General Counsel, hereinafter referred to as “Twistbox”
      or “the
      Partner”

     

    AND

     

    VODAFONE
      PORTUGAL - COMUNICAÇÕES PESSOAIS, S.A.,
      a
      company incorporated under the laws of Portugal, having its registered office
      at
      Av. D. João II, Lote 1.04.01, 8th
      Floor,
      Parque das Nações, 1990-093 Lisbon, Portugal, with share capital of €
107.500.000, registered at the Commercial Registry Office in Lisboa under number
      2424, tax number 502 544 180, herein duly represented by Mr. António
      Alberto Bastos Carriço and Mário Jorge Soares Vaz, in their capacity of members
      of Proxies, hereinafter referred to as “Vodafone”.

     

    Whereas,

     

    
      	(A)	
              Vodafone
                has developed a Mobile Portal (as defined herein) which contains
                a
                directory service aimed to facilitate access to mobile content and
                services for the Customers (as defined
                herein);

            

    

     

    
      	(B)	
              Twistbox,
                formerly trading under the corporate name of WAAT Media, is a company
                whose activity consists of licensing, creating, publishing and
                distributing products and services for access and use by consumers
                operating Wireless Devices (as defined
                herein);

            

    

     

    
      	(C)	
              Vodafone
                wishes to restructure the adult content channel (the “Channel” as further
                defined herein) available within the Mobile Portal and Twistbox wishes
                to
                supply and place its content within such area of the Mobile Portal
                and to
                manage the adult content channel
                thereof;

            

    

     

    
      	(D)	
              The
                Parties wish to set the terms and conditions under which Twistbox
                will
                supply the Content (as defined herein) to be placed in the Mobile
                Portal
                and manage the adult content channel
                thereof;

            

    

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    Therefore,
      in consideration of the mutual promises and covenants contained in this
      Agreement the Parties hereto agree as follows:

     

    
      	1.	
              Definitions

            

    

     

    In
      this
      Agreement the following words and expressions shall have the meaning set out
      below:

     

    
      	a)	
              “Agreement”
                means this agreement and all its
                schedules;

            

    

     

    
      	b)	
              “Channel”
                means the area in the Mobile Portal which exclusively contains adult
                content, which shall for the purposes of this Agreement exclude the
                area
                managed by Vodafone, as per the provisions of Clause 2.5 of this
                Agreement;

            

    

     

    
      	c)	
              “Chargeable
                Transaction”
                means any use of the Content by a Customer for which the Customer
                will be
                charged in addition to the standard mobile telephone charges incurred
                by
                the Customer for access to the
                Content;

            

    

     

    
      	d)	
              “Competitor”
                means any telecommunications operator and telecommunications services
                provider, other than Vodafone;

            

    

     

    
      	e)	
              “Content”
                means the information, text, data, graphics, moving and still images
                and
                sound recordings (including the music and lyrics on such recordings)
                and/or services as further described in the
                Agreement;

            

    

     

    
      	f)	
              “Customer”
                means the end user of the Mobile
                Portal;

            

    

     

    
      	g)	
              “Intellectual
                Property Rights”
                means all intellectual and industrial property rights including registered
                trade and service marks, patents, registered designs, unregistered
                trade
                and service marks, trade and business names, domain names, rights
                in
                domain names, topography rights, copyright, database rights, unregistered
                design rights and all other similar proprietary rights in every case
                which
                may subsist in any part of the world including any registration of
                any
                such rights and applications and any rights to make applications
                for any
                of the foregoing;

            

    

     

    
      	h)	
              “Interface
                Requirements”
                means the technical requirements which are necessary to fulfil in
                order to
                enable Twistbox to supply and place the Content in the Mobile Portal,
                as
                defined in Schedule I hereto;

            

    

     

    
      	i)	
              “Mobile
                Portal”
                means the Vodafone’s WAP mobile sites or services that offer a broad
                amount of resources and services to
                Customers;

            

    

     

    
      	j)	
              “Territory”
                means Portugal;

            

    

     

    
      	k)	
              “Vodafone’s
                Policies”
                means those guidelines relating to the standards of Content production,
                format and style, attached hereto as Schedule III, as established
                and
                amended from time to time by Vodafone and with which Twistbox must
                comply;

            

    

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	l)	
              “Wireless
                Devices”
                mean any device that can be carried from place to place, is generally
                small enough to fit in one’s pocket, and that is able to receive, transmit
                display and/or store information via wireless transmissions and/or
                the
                internet including, but not limited to, wireless phones, pagers,
                personal
                digital assistants and other such similar
                devices.

            

    

     

    
      	2.	
              Scope

            

    

     

    
      	1.	
              Twistbox,
                and/or its subsidiaries, owns all Intellectual Property Rights on
                the
                Content or otherwise is duly licensed by the owners thereof to exploit
                all
                such rights.

            

    

     

    
      	2.	
              By
                means of this Agreement the Parties agree on the
                following:

            

    

     

    
      	
            	a)	
              Twistbox
                shall develop and manage the Channel, pursuant to the provisions
                of
                Schedule I;

            

    

     

    
      	
            	b)	
              Twistbox
                shall supply and place the Content into the Channel, pursuant to
                the
                provisions of Schedule I;

            

    

     

    
      	3.	
              Twistbox
                hereby grants Vodafone, and Vodafone hereby accepts from Twistbox,
                the
                nonexclusive, non-transferable, revocable right to use, reproduce,
                display
                the Content within the Mobile Portal for distribution to the Customers
                for
                private use on Wireless Devices throughout the Territory during the
                Term
                (the “Licensed Rights”). For the purposes of clarification, the Parties
                acknowledge and accept that Vodafone is under no obligation to pay
                Twistbox or any third parties any financial consideration or any
                other
                rights, except for the payments agreed under the provisions of clause
                4.3
                and Schedule II.

            

    

     

    
      	4.	
              Twistbox
                acknowledges and agrees that the Licensed Rights granted in the previous
                paragraph includes (i) the right to copy and reproduce the Content,
                should
                it be the case, as well as to make it available to an unlimited number
                of
                Customers, both in Portugal and abroad (to the extent that Customers
                may
                have access to the Mobile Portal and acquire the Content while in
                roaming) by
                means of digital networks and mobile internet, in whatever formats
                and
                means Vodafone may decide to adopt during the Term of this Agreement;
                and
                (ii) the right to attach Twistbox’s logo, name or brands in the Content,
                the Mobile Portal, Vodafone’s web site as well as in any advertising
                materials. The use of the Content as authorised herein does not constitute
                a breach by Vodafone of any Intellectual Property Rights of Twistbox
                or
                any third party. Twistbox further acknowledges and accepts that after
                termination of this Agreement Customers may continue to use and store
                the
                Content previously purchased.

            

    

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	5.	
              Twistbox
                shall be Vodafone’s exclusive provider of Content for the Channel
                available within the Mobile Portal, except for the three areas currently
                managed by Vodafone within the Channel. (i.e. Mobile TV, Alerts and
                DIMO).
                Vodafone may, at any time, by giving Twistbox a written notice thereof
                (which in the case of this clause may be provided by email) discontinue
                any of the above areas managed by Vodafone. In the event that any
                third
                party wishes to provide content for the Channel, the third party
                content
                provider shall first enter into an agreement with Twistbox upon reasonable
                commercial terms and conditions.

            

    

     

    
      	6.	
              Vodafone
                may use the Content in any promotional activities related to the
                Mobile
                Portal; provided that Vodafone shall not distribute free Content
                to the
                Customers without Twistbox’s prior written
                approval.

            

    

     

    
      	3.	
              Management
                of the Channel and Content

            

    

     

    
      	1.	
              Twistbox
                shall manage the Channel in the name and on behalf of Vodafone, with
                due
                care and diligence and in respect with the guidelines contained in
                Schedule I of
                this Agreement and any other future guidelines, issued from time
                to time
                by Vodafone and communicated in writing to
                Twistbox.

            

    

     

    
      	2.	
              Any
                changes to the Channel (i.e. user experience, updates, etc) shall
                be
                subject to Vodafone’s written
                approval.

            

    

     

    
      	3.	
              The
                Channel shall only present the name, trade marks or logos owned or
                licensed by Twistbox, pursuant to the provisions of Schedule
                I.

            

    

     

    
      	4.	
              Twistbox
                shall provide the Content in accordance with the terms of this Agreement
                and in particular with Schedules I and III
                hereto.

            

    

     

    
      	5.	
              Vodafone
                may, at any time, issue new guidelines in respect of the management
                of the
                Channel or of the Content as well as review, revoke or suspend any
                existing or future guidelines, giving Twistbox reasonable prior written
                notice thereof.

            

    

     

    
      	6.	
              Twistbox
                acknowledges and accepts that:

            

    

     

    
      	
            	a)	
              Vodafone
                has developed a number of policies concerning social responsibility
                (including but not limited to the display and marketing of adult
                content
                and access control), as reflected in Schedule III and to which Twistbox
                shall comply with;

            

    

     

    
      	
            	b)	
              Vodafone
                has developed an access controls policy that enables Customers to
                block
                access to adult content, either on Vodafone Live!, Wap and
                SMS.

            

    

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      	4.	
              Fees,
                Payments, Invoicing and other
                Consideration

            

    

     

    
      	1.	
              The
                prices charged to Customers, and any changes thereto, for each Chargeable
                Transactions are suggested by Twistbox and defined by
                Vodafone.

            

    

     

    
      	2.	
              Vodafone
                shall be responsible for the billing and collecting of payments from
                the
                Customer in respect with the Chargeable
                Transactions.

            

    

     

    
      	3.	
              The
                Parties will share the amounts effectively collected from the Customers
                in
                respect with any Chargeable Transaction, subject to the payment of
                a
                minimum guaranteed fee paid by Twistbox to Vodafone, as defined in
                Schedule II to this Agreement.

            

    

     

    
      	4.	
              Vodafone
                will not pay to Twistbox its share of any Chargeable Transactions
                which
                could not be collected from the
                Customers.

            

    

     

    
      	5.	
              Vodafone
                shall send Twistbox, by e-mail and within the first fifteen (15)
                days of
                each month, a report (hereinafter referred to as the “Report”) with the
                total number of the Chargeable Transactions made by the Customers
                during
                the preceding month, as per Schedule
                III.

            

    

     

    
      	6.	
              Based
                upon the Report the Partner shall invoice Vodafone, by the 20th
                day of each month. All invoices issued by the Partner must always
                contain
                “CC C20902000” reference and shall be sent to the address set out in
                Schedule IV.

            

    

     

    
      	7.	
              All
                the invoices shall be paid in Euros within forty-five (45) days after
                the
                invoice reception date.

            

    

     

    
      	8.	
              All
                the amounts due under this Agreement shall be paid by wire transfer
                sent
                to:

            

    

     

    
      	9.	
              During
                the Term, Vodafone shall maintain separate detailed and accurate
                records
                related to this Agreement and the Partner shall have the right, not
                more
                than once per calendar year, at Partner’s cost to audit or inspect such
                records during normal business hours by an independent auditor selected
                by
                the Parties and in any event shall such inspection give access, or
                cause
                any disruptions, to Vodafone’s services or systems. The cost of the
                audit(s) shall be for the account of the Partner, unless there is
                a seven
                and a half percent (7.5%) or higher discrepancy in the accuracy of
                any or
                all of Vodafone’s payments and/or reports due to Vodafone’s fault, in
                which case, the reasonable costs of the audit shall be borne by Vodafone.
                Vodafone shall remit any outstanding amount in respect of the discrepancy
                to Content Provider within forty-five (45) days of the audit or in
                case
                there is an overpayment. Partner shall remit the overpayment to Vodafone
                within forty-five (45) days of the audit and shall bear the costs
                of the
                audit.

            

    

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    
      	5.	
              Warranties
                and Liability

            

    

     

    
      	1.	
              Twistbox
                represents and warrants that:

            

    

     

    
      	
            	a)	
              it
                has full right and authority to enter into this
                Agreement;

            

    

     

    
      	
            	b)	
              it
                will comply with all applicable material requirements of the legislation
                in force in Portugal regarding data
                protection;

            

    

     

    
      	
            	c)	
              it
                will comply with the terms of Schedules I, II III, IV and V to this
                Agreement; and

            

    

     

    
      	
            	d)	
              it
                will use reasonable skill and care in carrying out its obligations
                and
                exercising its rights under this
                Agreement.

            

    

     

    
      	2.	
              Twistbox
                further represents and warrants that the Channel and Content displayed
                therein:

            

    

     

    
      	
            	a)	
              is
                and will remain, for the duration of this Agreement, in compliance
                with
                this Agreement and with all applicable material
                legislations;

            

    

     

    
      	
            	b)	
              is
                of satisfactory quality, fit for any purpose contemplated in this
                Agreement, and will be kept fresh, updated and current at all times
                and
                for all current and future Wap colour enabled
                handsets;

            

    

     

    
      	
            	c)	
              is
                original and does not infringe any third Party’s rights including, but not
                limited to, Intellectual Property
                Rights;

            

    

     

    
      	
            	d)	
              making
                the Content available is duly authorised by the relevant entities
                and does
                not infringe any third Party’s
                rights;

            

    

     

    
      	
            	e)	
              is
                not and will not be defamatory, illicit offensive, racist xenophobic,
                obscene, pornographic (which for the avoidance of doubt is considered
                to
                be outside the levels of explicitness allowed in this Agreement),
                materially inaccurate or otherwise be in breach of any applicable
                material
                law, regulation code of conduct, public order or customary usage
                or result
                in Vodafone being in breach of any such law or regulation, code of
                conduct, public order or customary
                usage;

            

    

     

    
      	
            	f)	
              does
                not and will not contain any Content that promotes a Competitor or
                criticises Vodafone or brings Vodafone into disrepute;
                and

            

    

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	
            	g)	
              Twistbox’s
                computer systems hosting and/or delivering the Content to Vodafone
                and the
                computer systems of any Twistbox’s subcontractor, should it be the case,
                are, and shall be at all times, equipped with the latest versions
                of the
                anti-virus applications available on the market and Twistbox shall,
                at all
                times, exercise commercially reasonable efforts to avoid that the
                Content
                contains any computer viruses, logic bombs, trojan horses and/or
                any other
                items of software which would disrupt the proper operation of the
                Channel
                or the Mobile Portal.

            

    

     

    
      	3.	
              Vodafone
                represents and warrants that:

            

    

     

    
      	
            	a)	
              it
                has full right and authority to enter into this
                Agreement;

            

    

     

    
      	
            	b)	
              it
                will comply with all applicable material requirements of the legislation
                in force regarding data protection;

            

    

     

    
      	
            	c)	
              it
                will use reasonable skill and care in carrying out its obligations
                and
                exercising its rights under this Agreement;
                and

            

    

     

    
      	
            	d)	
              it
                will provide the necessary notifications to be given to Customer
                prior to
                any Chargeable Transaction being incurred (the messages shall include
                the
                specific price in euros).

            

    

     

    
      	4.	
              Vodafone
                further represents and warrants
                that:

            

    

     

    
      	
            	a)	
              it
                will, on a continuing basis, use its best efforts to ensure the Content
                is
                disseminated and distributed in the Territory (except for the cases
                of
                international roaming) where the receipt and viewing of said Content
                is
                lawful and within the contemporary community standards of the
                Territory;

            

    

     

    
      	
            	b)	
              it
                will not allow or enable any person to access, view or receive or
                otherwise use any portion of the Content without first agreeing to
                pay the
                Chargeable Transaction fee for such access and
                viewing

            

    

     

    
      	5.	
              Each
                Party will immediately notify the other in writing of any claim or
                action,
                actual or threatened, by a third party as a consequence of this Agreement
                or any of its content.

            

    

     

    
      	6.	
              Each
                Party hereby agrees to indemnify the other in full (including reasonable
                legal fees), against all liabilities, claims, damages, losses and
                proceedings brought against the other as a result of a breach of
                any of
                its representations and warranties and material obligation contained
                in this Agreement. In no event shall either Party be liable for any
                indirect, special, incidental or consequential damages arising out
                of or
                in any way connected with this Agreement or any matter related hereto,
                including without limitation, lost of business or lost profits, even
                if
                advised of the possibility of such
                damages.

            

    

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      	6.	
              Intellectual
                Property Rights

            

    

     

    
      	1.	
              The
                Parties agree that all Intellectual Property Rights in the Content
                shall
                remain with Twistbox and its
                licensors.

            

    

     

    
      	2.	
              All
                Intellectual Property Rights concerning the Mobile Portal and related
                services shall remain at all times the property of Vodafone. For
                the
                avoidance of doubt, Twistbox may not use, or allow third parties
                to use
                (either in the benefit of Twistbox or in the benefit of such third
                parties) the user experience defined and approved by Vodafone (including
                any requirements set out in this Agreement or any of its Schedules)
                for
                any purposes other than the purposes of this
                Agreement.

            

    

     

    
      	7.	
              Marketing

            

    

     

    All
      use
      of Vodafone’s trade mark, logo or name, must be subject to Vodafone’s prior
      approval.

     

    
      	8.	
              Customer
                Support

            

    

     

    
      	1.	
              Vodafone,
                or a company appointed by Vodafone for this purpose, shall be responsible
                for dealing with all costumer inquiries concerning the Mobile Portal
                in
                general.

            

    

     

    
      	2.	
              Twistbox
                will assist Vodafone’s customer support services to solve any customers’
                issues within a maximum period of 24
                hours.

            

    

     

    
      	9.	
              Term

            

    

     

    
      	1.	
              This
                Agreement is entered into for an initial period of [INFORMATION
                OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER RULE 24B-2]
                months (the “Initial
                Period”),
                being its effects to retroact to 1st
                February 2007. This Agreement shall be automatically renewed until
                terminated by either Party pursuant to the provisions of the following
                paragraph.

            

    

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    
      	2.	
              Either
                Party may terminate this Agreement by giving the other a written
                notice at
                least [INFORMATION OMITTED AND FILED SEPARATELY WITH THE COMMISSION
                UNDER RULE 24B-2] day (i) prior to the end of the Initial Period
                or (ii)
                thereafter, prior to the date it wishes the termination notice becomes
                effective.

            

    

     

    
      	10.	
              Termination

            

    

     

    
      	1.	
              Either
                Party may, by written notice to the other, terminate this Agreement
                with
                immediate effect if the other Party breaches any of its representations
                and warranties and/or material obligations hereunder and such breach
                is
                incapable of remedy or, if capable of remedy, the Party fails to
                remedy
                that breach within thirty (30) days notice from the non-breaching
                Party
                requiring remedy.

            

    

     

    
      	2.	
              Vodafone
                will be entitled to suspend or terminate this Agreement immediately
                on
                written notice, without prejudice to its other rights and remedies,
                in the
                event that:

            

    

     

    
      	
            	a)	
              Twistbox
                fails to comply with any of the requirements set out in Schedules
                I, II,
                III, IV and V to this Agreement;

            

    

     

    
      	
            	b)	
              Twistbox
                ceases to carry on its business or has a liquidator, receiver or
                administrative receiver appointed to it or over any part of its
                undertaking or assets or passes a resolution for its winding up (otherwise
                than for the purpose of a bona fide scheme of solvent amalgamation
                or
                reconstruction where the resulting entity will assume all of the
                liabilities of it) or a court of competent jurisdiction makes a
                liquidation order or similar order over the other, or the other enters
                into any voluntary arrangement with its creditors, or is unable to
                pay its
                debts as they fall due;

            

    

     

    
      	
            	c)	
              In
                case of strategic changes in terms of Vodafone hosting an Erotic
                channel
                or service.

            

    

     

    
      	3.	
              Termination
                of this Agreement does not affect the accrued rights, obligations
                or
                liabilities of the Parties prior to termination. Upon termination
                of this
                Agreement, the Parties shall settle all outstanding sums that either
                Party
                may owe the other within 45 days of the date of termination. Without
                prejudice to the above, Twistbox shall not be entitled to any indemnity
                or
                compensation for any damages or direct or indirect
                losses.

            

    

     

    
      	4.	
              The
                termination notices must always be given in writing through registered
                letter with acknowledgement of
                receipt.

            

    

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    
      	5.	
              Upon
                termination of this Agreement, Vodafone shall cease to distribute,
                display, reproduce or sell the Content provided by Twistbox under
                this
                Agreement.

            

    

     

    
      	11.	
              Confidentiality

            

    

     

    Except
      as
      may be required by law or any applicable regulatory body, or as is strictly
      required to perform its obligations under this Agreement, each Party shall
      keep
      secret and confidential and not use, disclose or divulge to any third party
      any
      information that they obtain about the other concerning the business, finances,
      technology and affairs of the other, and in particular but not Limited to this
      Agreement and its subject matter. This clause does not apply to information
      that
      has come into the public domain other than by breach of this clause or any
      other
      duty of confidence or is obtained from a third Party without breach of this
      clause or is required to be disclosed by law.

     

    
      	12.	
              Assignment
                and Subcontracting

            

    

     

    
      	1.	
              Neither
                Party shall assign any of its rights or obligations under this Agreement
                without the other Party’s prior written consent, such consent not to be
                unreasonably withheld; provided, however, no consent is necessary
                in the
                event of an assignment by either Party to an entity under common
                control
                with, controlled by or in control of the assigning Party. In any
                event
                Twistbox shall provide Vodafone with a notice thereof, 15-day prior
                to the
                date of the assignment.

            

    

     

    
      	2.	
              Twistbox
                may not subcontract to a third party, either in full or in part,
                its
                rights and obligations under this Agreement without Vodafone’s prior
                written consent, not to be unreasonable withheld, and in any case
                it shall
                remain the entity exclusively and solely liable for the performance
                thereof.

            

    

     

    
      	13.	
              Entire
                Agreement

            

    

     

    This
      Agreement represents the entire understanding between the Parties in relation
      to
      its subject matter and supersedes all Agreements and representations made by
      either Party, whether oral or written.

     

    
      	14.	
              Modifications

            

    

     

    This
      Agreement may only be modified or amended by a written instrument signed by
      both
      Parties.

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    
      	15.	
              Severability

            

    

     

    If
      any
      part of this Agreement is held to be illegal or unenforceable, the validity
      or
      enforceability of the remainder of this Agreement will not be
      affected.

     

    
      	16.	
              Governing
                Law and Jurisdiction

            

    

     

    
      	1.	
              This
                Agreement shall be governed by and construed and interpreted in accordance
                with the Portuguese law.

            

    

     

    
      	2.	
              Any
                dispute or disagreement regarding the interpretation or performance
                of
                this Agreement will be settled by the Lisbon Civil
                Courts.

            

    

     

    
      	17.	
              Communications

            

    

     

    
      	1.	
              Any
                notice or other communication required to be given or made under
                this
                Agreement will be in writing and transmitted by post, fax or e-mail
                to the
                receiving Party’s address identified in Schedule
                IV.

            

    

     

    
      	2.	
              Communications
                under number one above shall be effective upon the date of receipt
                or, if
                carried out after business hours, on the following working day.
                Communications transmitted by fax shall be effective on the day following
                the transmission.

            

    

     

    This
      Agreement is signed by the Parties in two originals.

     

    (Stamp
      Duty Paid Against Receipt under Law 150/99, 11/09) 

     

    VODAFONE
      PORTUGAL, Comunicações Pessoais, SA

     

    
      	
              Signature:

            	
               

              /s/
                António Carriço

            	 	
              Signature:

            	
               

              /s/
                Mário Vaz

            
	
              Name: 

            	
              António
                Carriço

            	 	
              Name: 

            	
              Mário
                Vaz

            
	
              Title: 

            	
              Director

            	 	
              Title: 

            	
              Director

            

    

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    

    
      	
              TWISTBOX
                ENTERTAINMENT, INC.

            	 	 	 
	 	 	 	 
	
              Signature:

            	
               

              /s/
                David Mandell

            	 	 	 
	
              Name: 

            	
              David
                Mandell

            	 	 	 
	
              Title: 

            	
              EVP/General
                Counsel

            	 	 	 

    

    

      *WE
        HAVE REQUESTED CONFIDENTIAL TREATMENT OF CERTAIN PROVISIONS CONTAINED IN
        THIS
        EXHIBIT. THE COPY FILED AS AN EXHIBIT OMITS THE INFORMATION SUBJECT TO THE
        CONFIDENTIALITY REQUEST.*

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

       

    

    SCHEDULE
      1

     

    MANAGEMENT
      OF THE CHANNEL AND SUPPLY AND PLACE OF CONTENT

     

    Pursuant
      to the provisions of this Agreement Twistbox undertakes to manage the Channel,
      subject however to the rules set out in this Schedule I.

     

    
      	1.	
              The
                Channel technologies and
                Channel

            

    

     

    The
      Channel shall support at least the following technologies:

     

    
      	
              ·

            	
              Browsing
                Images (Male/Female of the day, Thematic
                Strips)

            

    

    
      	
              ·

            	
              Downloads
                (Wallpapers, Java Games and Java
                Stripshows)

            

    

    
      	
              ·

            	
              Video
                (Streaming and Download)

            

    

     

    Without
      prejudice to the above, Vodafone may continue to display the links or to provide
      services to Customers based upon the following:

     

    
      	
              ·

            	
              Mobile
                TV streams

            

    

    
      	
              ·

            	
              SMS/MMS
                Alerts

            

    

    
      	
              ·

            	
              dimo-
                directório móvel (Friendly Off-net
                Directory)

            

    

     

    These
      3
      links will have to be included in the user experience to be implemented by
      Twistbox. In case Vodafone decides to maintain the above links, Twistbox will
      have to include it in the bottom of the Channel’s home page, pursuant to the
      instruction provided by Vodafone in this respect.

     

    The
      Channel should be developed in PartnerML (PML, a proprietary device-independent
      XML format defined by Vodafone), as per the information kit already supplied
      by
      Vodafone to Twistbox. The Channel must work on all mobile terminals supported
      by
      the Vodafone live! and WAP Basic enabled colour portals.

     

    Regularly
      updates of this information kit will be available and sent to the
      Partner.

    

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

       

    

    The
      supply of Content shall also be governed by the provisions of the proposal
      submitted by Twistbox to Vodafone on 16th
      October
      2006, attached hereto as Appendix A of this Schedule I. In case of conflict
      between the provisions of the proposal and the provisions of this Agreement,
      the
      latter shall prevail.

     

    
      	2.	
              User
                Interface

            

    

     

    Pursuant
      to the provisions of clause 3.2. of the Agreement, Twistbox shall propose a
      user
      experience to be approved by Vodafone, which shall comply with the following
      pre-requisites:

     

    
      	
              ·

            	
              The
                Channel main colours are red and
                white.

            

    

    
      	
              ·

            	
              The
                Channel main language must be Portuguese (from
                Portugal).

            

    

    
      	
              ·

            	
              Content
                updates should be, at least, on a weekly
                basis

            

    

    
      	
              ·

            	
              Only
                Twistbox’s brands may be published in the Channel in the format “Powered
                by”.

            

    

     

    
      	3.	
              Access
                Controls

            

    

     

    Vodafone
      has implemented the following Access Controls structure to which Twistbox shall
      comply with

     

    
      	
              ·

            	
              To
                enter the Channel, Customers must always pass through the warning
                page
                which is displayed by Vodafone

            

    

    
      	
              ·

            	
              Customers
                may either (i) accept the conditions by clicking on the “Continue” link;
                or (ii) refuse to enter the Channel, by clicking on “Back” or (iii) chose
                the “Bar” option in which case it will be redirected to an page containing
                information as to the way to block access to the
                Channel.

            

    

    
      	
              ·

            	
              After
                this, Customers will be redirected to the Partner
                homepage.

            

    

    
      	
              ·

            	
              This
                control system is handled by
                Vodafone.

            

    

     

    
      	4.	
              KPIs

            

    

     

    Twistbox
      warrants that the Channel will be available 99.5% throughout each period of
      30
      consecutive days.

     

    Additionally
      Twistbox shall exercise commercially reasonable efforts to ensure that Content
      will be available 24 hours/ day, with no interruption.

    

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    
      	5.	
              Technical
                Support

            

    

     

    Twistbox
      shall provide technical support 24 hours a day, 365 days a year, with no
      interruption.

     

    Twistbox
      shall exercise commercially reasonable efforts to monitor the performance of
      the
      Channel and the service and not rely upon Vodafone for notification.
      Notwithstanding the above, if so requested by Vodafone Twistbox shall provide
      appropriate support in accordance with this Agreement.

     

    By
      “monitoring commercially reasonable efforts” the Parties shall means the
      following procedures undertaken by Twistbox on a daily baisis:

     

    
      	
            	1.	
              Random
                daily spot checks on the Channel and
                service;

            

    

    
      	
            	2.	
              outside
                checks every five minutes from different locations on the
                monitors;

            

    

    
      	
            	3.	
              server
                is monitored 24/7 and there is an automatic notification in case
                of
                failure, downtime, disconnection,
                etc.;

            

    

    
      	
            	4.	
              3
                fully redundant datacenters + 2 backups (East Coast, West Coast,
                and
                Europe) (data replicated over VPN -Virtual Private
                Network);

            

    

    
      	
            	5.	
              in-house
                monitors checking connectivity and
                uptime;

            

    

    
      	
            	6.	
              the
                service is tested twice prior to going
“live;”

            

    

    
      	
            	7.	
              monitoring
                of Bandwidth, CPU and Memory;

            

    

    
      	
            	8.	
              personnel
                on call 24/7;

            

    

    
      	
            	9.	
              code
                walkthroughs are performed
                regularly;

            

    

    
      	
            	10.	
              bug
                tracker system, firewalls, VPN, and SSH;
                and

            

    

    
      	
            	11.	
              daily
                backups of the system stored both on-site and
                off-site.

            

    

     

    The
      following guidelines will be used to determine the priority of incidents
      involving the Content and other services delivered or under the responsibility
      of Twistbox.

     

    
      	
              Priority
                1 (Critical):

            	 	
              (i)
                Failure of the Channel and/or the Content, in whole or in a significant
                part, or Channel and/or Content not totally down, but the affected
                components form a significant part of the functionality of the Content
                or
                (ii) the problem creates
                a definite or a possible business or financial exposure or affects
                a large
                number of Customers. Response within 2 hours from Twistbox having
                knowledge of, or (in case of Vodafone detecting a problem) receiving
                a
                written notice by email reporting the critical incident and resolution
                within 6 hours.

            

    

    

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    
      	
              Priority
                2 (High): 

            	 	
              The
                Channel and/or the Content is largely available and the problem has
                little
                or no effect on the services provided by the Content and the problem
                creates no business or financial exposure. Response time within 12
                hours
                from written notice by email reporting the high incident and resolution
                within 24 hours.

            
	 	 	 
	
              Priority
                3 (Low): 

            	 	
              Non-critical
                issues, i.e. typos, translation errors, etc. Response time within
                24 hours
                from written notice by email reporting the low incident and resolution
                within 48 hours.

            

    

    

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    APPENDIX
      A

     

    Proposal
      submitted by Twistbox on 16th
      October 2006.

     

    [page
      intentionally left blank]

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      II

     

    REMUNERATION

     

    Pursuant
      to the provisions of Clause 4 of the Agreement, the Parties will share the
      amounts effectively collected from the Customers in respect with any Chargeable
      Transaction subject to the payment of a minimum guaranteed fee by Twistbox
      to
      Vodafone.

     

    
      	1.	
              Revenue
                share

            

    

     

    On
      the
      basis of the monthly net revenue (i.e. exclusive of VAT, in EURO) generated
      by
      the Channel (which shall exclude any revenue generated by the areas managed
      by
      Vodafone as per Clause 2.5 of this Agreement) (the “Net
      Revenue”),
      the
      following model shall apply with cumulative steps

     

    
      	
              Net
                Revenue

            	 	 	 
	
              Vodafone
                revenue share

            	
              [INFORMATION
                OMITTED AND FILED SEPARATELY WITH
                THE COMMISSION UNDER RULE 24B-2]

            	 	
              [INFORMATION
                OMITTED AND FILED SEPARATELY WITH
                THE COMMISSION UNDER RULE 24B-2]

            
	
              Partner
                revenue share

            	
              [INFORMATION
                OMITTED AND FILED SEPARATELY WITH
                THE COMMISSION UNDER RULE 24B-2]

            	 	
              [INFORMATION
                OMITTED AND FILED SEPARATELY WITH
                THE COMMISSION UNDER RULE 24B-2]

            

    

     

    
      	2.	
              Vodafone’s
                monthly minimum guaranteed
                fee

            

    

     

    Without
      prejudice to the above, Vodafone shall receive on a monthly basis the Net
      Revenue of 50.000 EUR; provided that traffic is not diverted from the Erotic
      Portal by (i) the introduction of friendly off-net erotic portals or search
      engines (e.g. Google); (ii) a decrease in marketing and promotion of the
      Vodafone’s Mobile Portal; or (iii) any other reason not directly attributable to
      Twistbox.

     

    For
      the
      purposes of the previous paragraph, the calculations made by Twistbox were
      based
      on the figures represented by Vodafone Portugal in the RFP Erotic Channel of
      October 2nd,
      2006,
      corresponding to 105 000 unique visitors in August 2006.

     

    In
      the
      event traffic is diverted from the Erotic Portal for any reason not directly
      attributable to Twistbox, the Parties agree to consider the review of this
      amount. If the Parties fail to reach a compromise, they may terminate this
      Agreement upon thirty (30) days written notice.

    

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    
      	3.	
              Other
                Business Conditions

            

    

     

    
      	a)	
              All
                Channel developments shall be exclusively paid by
                Twistbox.

            

    

     

    
      	b)	
              The
                Content is supplied by Twistbox cleared from all authorisations and
                consents and any licences, rights, duties, levies, taxes or otherwise
                in
                respect of the Content (including but not limited to any payments
                due to
                collecting societies or other entities) shall be paid by Twistbox,
                being
                Vodafone under no obligation to make any payments to Twistbox (except
                for
                those referred to in clause 4.3 of this Agreement and in paragraph
                1 of
                this Schedule II) or to any third Parties or
                individuals.

            

    

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    SCHEDULE
      III

     

    VODAFONE’S
      POLICIES

     

    Part
      A - Content Standards

     

    The
      Content available on the Channel shall be checked against the Content Matrix,
      which shows the erotic rating acceptable by Vodafone and shall respect the
      Banned Content list, as per point 2 hereof.

     

    
      	1.	
              Content
                Matrix

            

    

     

    The
      maximum level of explicitness allowed in the Channel, is the
      following:

     

    
      	
              ·

            	
              For
                Video contents, the top rating is CS
                2.3

            

    

    
      	
              ·

            	
              For
                Image contents (still images), the top rating is CS 3.2 excluding
                CS 2.2,
                CS 2.4, CS 2.5 and CS 2.6

            

    

     

    The
      Content Matrix (as approved from time to time by Vodafone Group) is attached
      hereto as Appendix A to this Schedule III.

     

    
      	2.	
              Banned
                content list

            

    

     

    Twistbox
      shall under no circumstances supply and place any Content that is forbidden
      according to the provisions of the Banned Content List, as approved by Vodafone
      Group and contained in Appendix B to this Schedule III (or any amended versions
      thereof).

     

    
      	3.	
              Other
                issues

            

    

     

    Notwithstanding
      any of the above, VODAFONE reserves the right, at any time, to instruct Twistbox
      to remove, change, discontinue, suspend, interrupt or otherwise not make
      available to Customers any Content (including but not limited to text content
      descriptions) VODAFONE, at its own discretion, decides that should not be
      displayed, supplied or made available to Customers. Twistbox shall comply with
      these instructions within reasonable time.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    APPENDIX
      A - CONTENT MATRIX

     

    

     

    ©
      2006 WAAT Media. All Rights Reserved

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    APPENDIX
      B - BANNED CONTENT LIST

     

    The
      following content must not be made available:

     

    
      	1/	
              Illegal
                Content

            

    

     

    
      	
            	·	
              Any
                material which is in breach of the national criminal law or otherwise
                must
                not be carried on a commercial
                basis.

            

    

    
       

      
        	2/	
                
                  Sexually
                    Explicit
                    Material

                

              

      

    

     

    Content
      of a highly explicit sexual nature, the sole purpose of which is sexual
      entertainment. The below applies to both heterosexual and homosexual activities
      equally.

     

    
      	a)	
              Minors
                and Role playing

            

    

     

    
      	
            	·	
              Content
                depicting, or implying that a person who is (or who appears to be)
                under
                18 years of age is engaged in sexual activity, or presented in a
                sexually
                provocative manner which may include depictions involving adults
                role-playing as non-adults

            

    

     

    
      	
            	·	
              All
                Vodafone’s adult content providers must confirm that the models in the
                images supplied are over 18 years of
                age

            

    

     

    
      	b)	
              Abusive
                sexual activity

            

    

     

    
      	
            	·	
              Sexual
                violence e.g. sexual assault and / or
                rape

            

    

     

    
      	
            	·	
              Content
                (including dialogue) likely to encourage an interest in abusive sexual
                activity (e.g. paedophilia, incest)

            

    

     

    
      	c)	
              Sado
                Masochistic activity

            

    

     

    
      	
            	·	
              Content
                depicting or implying the infliction of constraint, coercion and
                pain or
                physical harm in a sexual context

            

    

     

    
      	
            	·	
              Content
                depicting or implying the use of any form of physical restraint,
                for
                example, gags and bonds

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	d)	
              Other
                Fetish sexual activity

            

    

     

    
      	
            	·	
              Content
                depicting or implying niche fetish activity not covered by the Adult
                Erotic Matrix; for example, necrophilia, defecation and
                urolagnia

            

    

    
      	
            	·	
              Content
                depicting or implying content that may or may not be covered by the
                Adult
                Erotic Matrix but is exploiting vulnerable people; for example, disabled
                or elderly people

            

    

     

    
      	e)	
              Bestiality

            

    

     

    
      	
            	·	
              Content
                depicting or implying bestiality (even where legal within the OpCo
                territory)

            

    

     

    
      	f)	
              Live
                adult erotic web cams

            

    

     

    
      	
            	·	
              Live
                web cams providing adult erotic
                services

            

    

     

    
      	g)	
              Use
                of sexual objects/props

            

    

     

    
      	
            	·	
              Content
                depicting the use of sex props that are excessively large (relative
                to
                normal anatomy) or content depicting the sexual use of sharp or dangerous
                objects, or objects that imply illegal or abusive activities; for
                example,
                the use of guns and knives, bottles, children’s toys, religious artifacts,
                household appliances or sports
                equipment.

            

    

     

    
      	3/	
              Violence

            

    

     

    Content
      depicting actual instances of harm or distress to people or animals where used
      as a form of entertainment, excluding the reporting of an incident of public
      interest within news or documentary content that is acceptable within the
      Portuguese public broadcasting standards; or any fictional content covered
      by
      any Portuguese classification system e.g. gun scenes in film clips or any
      content that is acceptable within the Portuguese public broadcasting
      standards

     

    
      	
            	·	
              Extreme
                or gratuitous violence, including restraint, torture, sadism, mutilation,
                execution

            

    

    
      	
            	·	
              Exploitative
                / sadistic violence towards vulnerable and defenceless people and
                animals

            

    

    
      	
            	·	
              Self-infliction
                of extreme pain or physical harm resulting in permanent damage or
                death

            

    

    
      	
            	·	
              Content
                that incites violence

            

    

     

    
      	4/	
              Incitement
                of illegal or anti-social
                behaviour

            

    

     

    
      	
            	·	
              Incitement
                of racial, religious or ethnic hatred or
                abuse

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
            	·	
              Incitement
                or glamorising of anti-social behaviour such as illegal drug taking
                and
                solvent abuse, the glorification of vandalism, bomb making, terrorism
                etc

            

    

    
      	
            	·	
              Material
                that demonstrates criminal
                techniques

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      III

     

    VODAFONE’S
      POLICIES

     

    Part
      B - Code of Ethical Purchasing

    
 

    
      	              
              	 
	2
              Code of Ethical Purchasing. p...	 

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

     

     

    VODAFONE
      CODE OF ETHICAL PURCHASING

     

    As
      one of
      the world’s largest mobile telecommunications network companies, Vodafone has a
      significant role to play in enriching people’s lives.

     

    We
      also
      understand that we have a significant role to play in managing our business
      carefully and responsibly, which is why we have adopted a set of core Values
      and
      Business Principles to govern our activities and interactions with all our
      stakeholders across the world, including our suppliers.

     

    Our
      Business Principles declare a commitment “to promote the application of our
      Business Principles by our business partners and suppliers.”

     

    The
      following Code of Ethical Purchasing is to be read in conjunction with our
      Business Principles, and is designed to promote safe and fair working
      conditions, and the responsible management of environmental and social issues
      in
      Vodafone’s supply chain.

     

    The
      Code
      has been developed in consultation with employees, suppliers, investors and
      Non-Governmental Organisations. It sets out the standards we wish to see
      achieved by Vodafone and our suppliers over time.

     

    The
      principle of continuous improvement applies to all aspects of the
      Code.

     

    In
      accordance with the implementation provisions of the Code, Vodafone will require
      first level suppliers to acknowledge their understanding and acceptance of
      our
      Code and to confirm that they will comply.

     

    Vodafone
      will work collaboratively with our suppliers on the implementation of the Code,
      which may include joint audits and site visits to assess
      performance.

     

    Vodafone
      will publicly report on the implementation of and compliance with the
      Code.

     

    Vodafone
      will encourage all suppliers to implement our Code across their whole business
      and within their own supply chains.

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    

     

    IMPLEMENTATION
      OF THE CODE

     

    Ownership

     

    
      	
              ·

            	
              The
                Vodafone Director of Global Supply Chain Management is the owner
                of the
                Vodafone Code of Ethical Purchasing, and reports to the Integrations
                and
                Operations Committee on the implementation of the
                Code.

            

    

     

    
      	
              ·

            	
              The
                Director of Global Supply Chain Management and the Heads of Supply
                Chain
                Management in each of the Operating Companies have operational
                responsibility for the implementation of the
                Code.

            

    

     

    Communication

     

    
      	
              ·

            	
              Vodafone
                will communicate and promote its Code of Ethical Purchasing internally
                and
                externally to relevant
                stakeholders.

            

    

     

    
      	
              ·

            	
              Suppliers
                are encouraged to take all reasonable endeavours to promote the Code
                to
                their suppliers and subcontractors.

            

    

     

    Training
      and Awareness

     

    
      	
              ·

            	
              Vodafone
                and its suppliers will ensure that all relevant people are provided
                with
                appropriate training and guidelines to support the
                Code.

            

    

     

    Application

     

    
      	
              ·

            	
              Suppliers
                applying this code are expected to comply with all relevant laws,
                regulations and standards in all of the countries in which they
                operate.

            

    

     

    
      	
              ·

            	
              The
                Code is applied for the purposes of promoting safe and fair working
                conditions and the responsible management of environmental and social
                issues in Vodafone’s supply chain.

            

    

     

    
      	
              ·

            	
              Suppliers
                will be asked to confirm (in writing) that they are implementing
                the Code,
                or similar purchasing standard such as the Ethical Trading Initiative
                (ETI) Base Code, Social Accountability International’s SA 8000, or the
                Chartered Institute of Purchasing and Supply Ethical Business Practices
                in
                Purchasing and Supply.

            

    

     

    
      	
              ·

            	
              Vodafone
                will work collaboratively with its suppliers on the implementation
                of the
                Code, which may include joint audits1
                and site visits to assess performance against the
                Code.

            

    

     

    
      	
              ·

            	
              Suppliers
                will be asked to provide Vodafone with reasonable access to all relevant
                information and premises for the purposes of assessing performance
                against
                the Code, and use reasonable endeavours to ensure that sub-contractors
                do
                the same.

            

    

    
      
         

      

      
        
          
            

          

          
            	
                    1

                  	
                    Audits
                      would ideally be conducted jointly between Vodafone and the
                      supplier, and
                      may also include the assistance of an industry representative,
                      or relevant
                      Non-Governmental
                      Organisation.

                  

          

        

         

      

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    Corrective
      Action

     

    
      	
              ·

            	
              Suppliers
                are expected to identify and correct any activities that fall below
                the
                standard of the Code.

            

    

     

    
      	
              ·

            	
              Suppliers
                shall immediately report to Vodafone any serious breaches of the
                Code,
                together with an agreed schedule for corrective
                action.

            

    

     

    
      	
              ·

            	
              Where
                serious breaches of the Code persist, Vodafone will consider termination
                of the business relationship with the supplier
                concerned.

            

    

     

    Monitoring
      and Reporting

     

    
      	
              ·

            	
              Vodafone’s
                Corporate Responsibility and Purchasing teams will use a risk-based
                approach2
                to
                monitor implementation of and adherence to the Code in our supply
                chain,
                and will report progress in the annual Vodafone Corporate Social
                Responsibility Report.

            

    

     

    
      	
              ·

            	
              Vodafone
                and its suppliers will use reasonable endeavours to provide employees
                and
                other stakeholders with a confidential means to report any actual
                or
                potential breach of the Code.

            

    

     

    
      

    

    
      	2	
              Vodafone
                will focus on those parts of the supply chain where the risk of not
                meeting the Code is highest and where the maximum difference can
                be made
                with resources available.

            

    

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    CODE
      OF ETHICAL PURCHASING

     

    
      	1.	
              Child
                Labour

            

    

     

    
      	
              ·

            	
              No
                person is employed who is below the minimum legal age for
                employment.3

            

    

     

    
      	
              ·

            	
              Children
                (persons under 18 years) are not employed for any hazardous work,
                or work
                that is inconsistent with the child’s personal development.4

            

    

     

    
      	
              ·

            	
              Where
                a child is employed, the best interests of the child shall be the
                primary
                consideration.

            

    

     

    
      	
              ·

            	
              Policies
                and programmes that assist any child found to be performing child
                labour
                are contributed to, supported, or
                developed.

            

    

     

    
      	2.	
              Forced
                Labour

            

    

     

    
      	
              ·

            	
              Forced,
                bonded or compulsory labour is not used and employees are free to
                leave
                their employment after reasonable notice. Employees are not required
                to
                lodge deposits of money or identity papers with their
                employer.

            

    

     

    
      	3.	
              Health
                & Safety

            

    

     

    
      	
              ·

            	
              A
                healthy and safe working environment is provided for employees, in
                accordance with international standards and national laws. This includes
                access to clean toilet facilities, drinkable water and, if applicable,
                sanitary facilities for food
                storage.

            

    

     

    
      	
              ·

            	
              Where
                an employer provides accommodation, it shall be clean, safe and meet
                the
                basic needs of employees.

            

    

     

    
      	
              ·

            	
              Appropriate
                health and safety information and training is provided to
                employees.

            

    

     

    
      	4.	
              Freedom
                of Association

            

    

     

    
      	
              ·

            	
              As
                far as any relevant laws allow, all employees are free to join or
                not to
                join trade unions or similar external representative
                organisations.

            

    

     

    
      	5.	
              Discrimination

            

    

     

    
      	
              ·

            	
              Negative
                discrimination5
                including racial or sexual discrimination is
                prohibited.

            

    

     

    
      	6.	
              Disciplinary
                Practices

            

    

     

    
      	
              ·

            	
              Employees
                are treated with respect and dignity. Physical or verbal abuse or
                other
                harassment and any threats or other forms of intimidation are
                prohibited.

            

    

     

    
      	7.	
              Working
                Hours

            

    

     

    
      	
              ·

            	
              Working
                hours of employees comply with national laws and are not
                excessive6.

            

    

     

    
      

    

    
      	3	
              Minimum
                age is the age of completion of compulsory schooling, or not less
                than 15
                years (or not less than 14 years, in countries where educational
                facilities are insufficiently
                developed).

            

    

     

    
      	4	
              Personal
                development includes a child’s health or physical, mental, spiritual,
                moral or social development.

            

    

     

    
      	5	
              Forms
                of discrimination may include race, colour, sex, sexual orientation,
                religion, political opinion, nationality, social origin, social status,
                indigenous status, disability, age and union
                membership.

            

    

     

    
      	6	
              Consideration
                should be given to the type of work performed and the acceptable
                working
                hours for the role and the country
                concerned.

            

    

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    
      	
              8.

            	
              Payment

            

    

     

    
      	·	
              Employees
                understand their employment conditions and fair and reasonable
                pay7
                and terms are provided.

            

    

     

    
      	9.	
              Individual
                Conduct

            

    

     

    
      	·	
              No
                form of bribery, including improper offers for payments to or from
                employees, or organisations, is
                tolerated.

            

    

     

    
      	10.	
              Environment

            

    

     

    
      	·	
              Processes
                are in place to actively improve the efficiency with which finite
                resources (such as energy, water, raw materials) are
                used.

            

    

     

    
      	·	
              Appropriate
                management, operational and technical controls are in place to minimise
                the release of harmful emissions to the
                environment.

            

    

     

    
      	·	
              Appropriate
                measures are in place to improve the environmental performance of
                products
                and services when in use by the end
                user.

            

    

     

    
      	·	
              Innovative
                developments in products and services that offer environmental and
                social
                benefits are supported.

            

    

     

    REFERENCES

     

    Vodafone’s
      Code of Ethical Purchasing is based on the following international
      standards:

     

    
      	·	
              The
                United
                Nations Universal Declaration of Human
                Rights.

            

    

    
      	·	
              The
                Conventions
                of the International Labour
                Organisation.

            

    

    
      	·	
              The
                United
                Nations Convention on the Rights of the
                Child.

            

    

     

    Reference
      has also been made to:

     

    
      	·	
              Social
                Accountability International’s SA 8000 Standard

            

    

    
      	·	
              The
                Ethical Trading Initiative (ETI) Base Code,
                and

            

    

    
      	·	
              The
                UN Draft Norms of Responsibilities of Transnational Corporations
                and Other
                Business Enterprises with Regard to Human Rights
                (2003)

            

    

     

    
      With
        respect
        to the International Labour Organisation Conventions on Labour Standards,
        the
        following provisions have been referenced in the development of this
        Code:

    

     

    
      
        
          	·	
                  Convention
                    1 (Acceptable working
                    hours)

                

        

      

    

    
      	·	
              Conventions
                29 (Forced and bonded Labour)

            

    

    
      	·	
              Convention
                87, 98, and 135
                (Freedom of Association)

            

    

    
      	·	
              Convention
                111
                (Discrimination)

            

    

    
      	·	
              Convention
                138
                (Minimum Age)

            

    

    
      	·	
              Convention
                135&
                Recommendation 143
                (Workers’ Representatives
                Convention)

            

    

    
      	·	
              Convention
                155
                Article 19 (Health and safety
                training)

            

    

     

    DEFINITIONS

     

    A
      child
      means a
      person below the age of 18 years, as defined in Article 1 of the United Nations
      Convention
      on the Rights of the Child.

     

    Personal
      development
      is
      described in the Article 32 of the United Nations Convention on the Rights
      of
      the Child.

     

    
      
        

      

    

    
      	
              7

            	
              Consideration
                should be given to the type of work performed and the market wage
                for the
                work as well as any statutory minimum wage for the country
                concerned.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    SCHEDULE
      IV

     

    CUSTOMER
      SUPPORT AND COMMUNICATIONS

     

    For
      the
      purposes of Clauses 4, 8 and 17 of this Agreement, the following contacts shall
      be used as shown below:

     

    
      	1.	
              Technical
                support

            

    

     

    Subject
      to Section 8.2 of the Agreement, Twistbox shall be responsible for the creation,
      management and maintenance of a 24/7 technical support service the contacts
      of
      which are:

     

    Telephone
      number: +1-818-301-6200

    Cell
      Number: +1-310-770-6820

    Email:
      support
      opco vopt@twistbox.com

     

    For
      Priority 1 issues:

    Telephone
      Number: +1-818-398-0303

     

    
      	2.	
              Contract
                communications

            

    

     

    Any
      contract communications shall be made by either party to the other as
      follows:

     

    
      	
              VODAFONE

            	 	
              TWISTBOX
                ENTERTAINMENT, INC.

            
	
              Av.D.João
                II, Lote 1.04.01

            	 	 
	
              Ala
                Norte, 6° piso

            	 	
              14242
                Ventura Boulevard, Third Floor

            
	
              Parque
                das Nações

            	 	
              Sherman
                Oaks CA 91423 USA

            
	
              1990-093
                Lisboa

            	 	 
	
              Name:António
                Carriço

            	 	
              Name:
                David Mandell

            
	
              Title:
                Director de Gestão de Conteúdos

            	 	
              Title:
                EVP/General Counsel

            
	
              E-mail:
                antonio.carrico@vodafone.com

            	 	
              E-mail:
                legal@twistbox.com

            
	
              Tel:
                + 351 21 091 4407

            	 	
              Tel:+1-818-301-6200

            
	
              Fax:
                + 351 21 091 4414

            	 	
              Fax:+1-818-301-6239

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	3.	
              Business
                Contacts

            

    

     

    Any
      business communication shall be shall be made by either party to the other
      as
      follows:

     

    
      	
              VODAFONE

            	 	
              TWISTBOX
                ENTERTAINMENT, INC.

            
	
              Name:
                Paulo Costa

            	 	
              Name:
                Jason Silberberg

            
	
              Product
                Manager

            	 	
              Title:
                Senior operator Account Manager

            
	
              Tel:
                + 351 21 091 5346

            	 	
              Tel:+1-818-668-776

            
	
              Email:
                paulo.costa@vodafone.com

            	 	
              E-mail:
                jsilberberg@twistbox.com

            

    

     

    
      	4.	
              Technical
                Communications

            

    

     

    Any
      technical communication shall be shall be made by either party to the other
      as
      follows:

     

    
      	
              VODAFONE

            	 	
              TWISTBOX
                ENTERTAINMENT, INC.

            
	
              Name:
                Paulo Costa

            	 	
              Name:
                Terance Thatch

            
	
              Product
                Manager

            	 	
              Title:
                Project Manager

            
	
              Tel:+351
                21 091 5346

            	 	
              Tel:+1-818-301-6200

            
	
              Email:
                paulo.costa@vodafone.com

            	 	
              Cell:+1-310-770-6820

            
	 	 	
              E-mail:
                tthatch@twistbox.com

            

    

     

    5. Invoicing
      Communications

     

    Any
      invoicing communication shall be shall be made by either party to the other
      as
      follows:

     

    
      	
              VODAFONE.
                

            	 	
              TWISTBOX
                ENTERTAINMENT, INC.

            
	 	 	 
	 	 	
              Email:
                invoices@twistbox.com
                and mrosengarten@twist

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    A/C
      Dept°Financeiro

    Av.
      D.
      João II, Lote 1.04.01

    Ala
      Norte, 2° piso

    Parque
      das Nações

    1990-093
      Lisboa

    Portugal

     

    
      
        	6.	
                Banking
                  details

              

      

    

     

    All
      payments made under this Agreement by Vodafone to Twistbox shall be made
      pursuant to the provisions of Clause 4 to the following address:

     

    Send
      to:

    American
      Express Bank, Frankfurt

    Swift
      Code: AEIBDEFXXX

     

    Credit
      to:

    East
      West
      Bank, Pasadena

    Swift
      Code: EWBKUS66XXX

    ABA
      #
      3222070381

    Account:
      018081601

     

    Further
      Credit to:

    East
      West
      Bank

    18321
      Ventura Boulevard

    Tarzana
      CA 91356

    Account
      Name: Twistbox

    Account
      Number: 0082708884

    ABA
      #
      322070381

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      V

     

    Penalties

     

    
      	1.	
              Pursuant
                to the provisions of Clause 5.1 (c) of this Agreement, VODAFONE reserves
                the right to apply the following penalties to Twistbox, whenever
                any of
                the following event occurs and Twistbox is not able to resolve the
                issues
                within the agreed SLA, as set forth in Schedule
                1,5:

            

    

     

    
      	
            	a)	
              In
                case there are mistakes in the Content (including but not limited
                to rude
                language, factual, graphical image mistakes or typos), Twistbox shall
                pay
                Vodafone, for each such mistake or typo, as a penalty, a sum corresponding
                to [INFORMATION OMITTED AND FILED SEPARATELY WITH THE COMMISSION
                UNDER
                RULE 24B-2] of the minimum monthly guaranteed fee, as set out in
                Schedule
                II;

            

    

     

    
      	
            	b)	
              In
                case any of the SLA defined in Schedule I is not met Twistbox shall
                pay
                Vodafone, for each such failure, as a penalty, a sum corresponding
                to
                [INFORMATION OMITTED AND FILED SEPARATELY WITH THE COMMISSION UNDER
                RULE
                24B-2] of the minimum monthly guaranteed fee, as set out in Schedule
                II.

            

    

     

    
      	2.	
              The
                aggregate value of the penalties set out in the previous paragraph
                shall
                not exceed per month 20% of the minimum monthly guaranteed fee, as
                set out
                in Schedule II.

            

    

     

    
      	3.	
              Without
                prejudice of the application of the penalties defined in the Schedule,
                whenever the events described in paragraph 1 occurs during two consecutive
                months Vodafone may terminate this Agreement pursuant to the provisions
                of
                Clause 10.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

     

    IN
      STRICT COMMERCIAL CONFIDENCE

     

    

     

    Portugal

     

    Vlive!
      White Label Erotic Portal

    TOP
      LEVEL SUMMARY INFORMATION

     

    
      	
              Prepared
                by:

            	 	
              Jason
                Silberberg

            
	
              Direct
                telephone:

            	 	
              +1.818.301.6200
                Ext. 259

            
	
              Mobile
                telephone:

            	 	
              +1.818.668.7776

            
	
              Fax:

            	 	
              +1.818.708.0598

            
	
              E-mail:

            	 	
              Jason@waat.com

            

    

     

    
      CONFIDENTIAL

      For
        use
        by Vodafone Portugal only, in connection with the Request for Proposal dated
        October 2006

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

    

     

    

     

    Proposed
      User Experience/Interface:

     

    Through
      case studies from other European operators we work with we have found that
      a
      user has a specific liking of erotic content. Our ability to locate and optimize
      a user’s preference is built into our platform (please refer to Appendix A),
      optimizing ARPU and user frequency. The site is genre specific with no reference
      to brands (see below). Users will have the opportunity to find a specific genre
      per product, i.e. Lingerie, Big Breasts, Bikinis, Brunettes, etc. These
      categories are broken down into product types, i.e. (Video, Wallpaper and
      Images). For wallpapers and videos we recommend a pay-per-event billing method.
      For images galleries, which contain 12 images of a specific genre, we recommend
      a pay-pay-photoset model. Price point recommendations are as follows, per video
      download is €2.50, per video streaming €2.00, per wallpaper is €1.00 and per
      photoset is €1.50. In addition, the use of a feedback form is a beneficial
      service allowing users to voice their opinion of the content and the site,
      giving us priceless information on what can be changed or added to generate
      additional revenue per user. Furthermore, the ability to purchase a product
      from
      the main page will heighten conversion and revenue; these areas are updated
      everyday as well as the featured site portion of the portal. The portal layout
      allows for optimal navigation; users will be able to browse and locate their
      specific content quickly and will consequently have an effect on revenue and
      user experience, while keeping click through and churn at a minimum. Update
      frequency will be daily and weekly, dependent on the genre and product. Video,
      Wallpapers and Image categories will be updated on a weekly basis.

     

    

     

    
      CONFIDENTIAL

      For
        use
        by Vodafone Portugal only, in connection with the Request for Proposal dated
        October 2006

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
       

      

       

    

    

      

       

    

    
      CONFIDENTIAL

      For
        use
        by Vodafone Portugal only, in connection with the Request for Proposal dated
        October 2006

    

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      

       

    

    Types
      of Content and Services:

     

    The
      site
      contains Videos, Wallpapers, Java Games and Photosets. Our video offering will
      be extensive and device specific - Offering 17, 30 and 90 second downloadable
      videos dependent on the device capabilities. Our platform recognizes the User
      Agent and sends the appropriate file respectively. In addition to Video
      Downloads, we will support and make available Streaming Videos between 2-4
      minutes, either being hosted on Vodafone Portugal’s platform or a third party,
      Triple-it, if needed. High quality Wallpapers will also be available supporting
      more than 1,000 handsets and over 150 different dimension types. Our system
      will
      recognize the User Agent and send the appropriate wallpaper dimension to ensure
      quality and user experience. We will feature more than 10 Java Games within
      the
      portal, either off of our games platform or off the Vodafone Portugal Platform.
      We support over 700 handsets and continuously make new ports for new handsets
      released in various markets ahead of their commercial release. Photosets are
      made available as well, giving users the opportunity to purchase one photoset
      at
      a time, each photoset contains 12 images. The photos have a preview image and
      a
      close-up image giving high user experience and quality. Samples of all the
      above
      mentioned content types and service are below for your reference:

     

    
      
        

         

      

    

    
      CONFIDENTIAL

       

      For
        use
        by Vodafone Portugal only, in connection with the Request for Proposal dated
        October 2006

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      

    

     

    Content
      Brands Portfolio:

     

    
      

       

    

    Proposed
      Content Refresh:

     

    Refresh
      rates will vary from genre and product. Below is a breakdown of our content
      refresh rate:

     

    Videos,
      Wallpapers and Photosets will be updated weekly. Java games will be updated
      on a
      biweekly basis if necessary; currently we handle the erotic game section of
      Vodafone Live!

     

    CRM
      Capabilities:

     

    All
      content is meta-tagged with more than 40 unique identifiers (please reference
      Figure 3 in Appendix A). As users navigate through site, content is dynamically
      presented to best suit customer needs as determined by our Psychographic
      Analyzer (please reference Figure 4 in Appendix A). Content is presented to
      the
      user via targeted promotions, appearing as banners and, recommendation links
      (please reference Figure 5 in Appendix A).

     

    Serving
      Targeted Content and Ads

     

    Contextual

     

    Personalized

     

    Identifying
      Personal Preferences

     

    Traffic
      Logs

     

    Search
      Queries

     

    Brand
      Preference

     

    Purchase
      Behavior

     

    Ad
      Click
      through

     

    
      CONFIDENTIAL

       

      For
        use
        by Vodafone Portugal only, in connection with the Request for Proposal dated
        October 2006

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      

       

    

    SLA:

     

    We
      guarantee a 99.5% availability of the WAP portal, which includes all the
      information and telecommunication systems including connection lines as well
      as
      any application used for the provision of the service under our area of direct
      control and responsibility. We will provide the necessary support and
      maintenance services, at a 24x7x365 basis for all technical issues which may
      or
      may not arise. In the case that a problem does arise, we will notify Vodafone
      Portugal with a trouble ticket within 24 hours, dependent on the Priority Level,
      detailing the problem and current status of the specific issue as well as a
      time
      of completion of when the issue will be resolved. All issues will be broken
      down
      into 3 Priority Level as follows:

     

    Priority
      Level 1 - Complete fail of service or users have issues with access or
      purchasing - Level 1 Priority notifications will be sent no later than 4 hours
      and resolved within 24 hours.

     

    Priority
      Level 2 - Issue where parts of the service are unavailable or inaccessible,
      but
      the main part is still functional - Level 2 Priority notifications will be
      sent
      no later than 12 hours and resolved with 48 hours.

     

    Priority
      Level 3 - Non-critical issue, i.e. typos, translation errors, etc. - Level
      3
      Priority notifications will be sent no later than 24 hours and resolved within
      72 hours.

     

    We
      reserve the right of a Schedules Maintenance of 3 hours per calendar month
      and
      availability does not apply. Notification of any Scheduled Maintenance will
      be
      provided 72 hours before each occurrence. We will deliver monthly reports
      including all data necessary for the calculation of, i.e. justified downtime,
      total availability of service provision, and detailed traffic (e.g. volume
      and
      type of traffic exchanged etc.) and will keep the relevant data for a period
      of
      at least 12 months. We shall provide access to the original system logs as
      part
      of problem investigation and verification should this need be necessary and
      communicated at least 2 working days prior to the required examination. For
      incidents identified through Quality Control testing where content retrieved
      by
      subscriber has no substance or with inaccurate or incomplete content or when
      no
      content is delivered at all during the service delivery/consumption process
      we
      will notify Vodafone Portugal in writing within 24 hours of the instance. The
      delivery/provision of the service to the end user is done one at a time
      following a request by the end user (pull service delivery). If needed, a “black
      list” can be used to deny access to certain users based off of their MSISDN
      whenever this is reasonably possible. For more detailed information concerning
      our SLA, please send a formal request and one will be provided to
      you.

     

    Experience
      with PML:

     

    We
      have a
      long standing experience with PML from Version 1.10 to the newest R7 and R9
      versions. We have been working with numerous Vodafone operators since 2001
      and
      have been building and maintaining PML sites throughout the years.

     

    Timings
      for deployment:

     

    Once
      a
      decision is made, we can have our service ready for testing within 2-4 weeks
      of
      receiving the official decision and live within a 1 week of
      delivery.

    
       

      CONFIDENTIAL

       

      For
        use
        by Vodafone Portugal only, in connection with the Request for Proposal dated
        October 2006

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

    

    
      

       

    

    Companies
      we work with:

     

    We
      currently work with over 90 operators worldwide, including more than 10 Vodafone
      operators. Additionally, we manage and aggregate more 10 erotic operator
      portals. For a highlighted list of operators we currently work with, please
      refer below (for a complete list, please send a request and one will be provide
      immediately):

     

    

     

    UK,
      Spain, Germany, France, Netherlands, Greece, Hungary, Belgium, Sweden, Italy,
      Romania, Czech Republic, Austria, Switzerland, Luxembourg, Slovenia,
      Portugal

     

    
      

       

    

    Germany,
      Austria, Czech Republic, Slovakia, Poland, Croatia, Netherlands,

     

    

     

    UK,
      Portugal, Spain, Netherlands, Poland, Slovakia, France, Belgium, Dominican
      Republic, Switzerland

     

    

     

    UK
      (02),
      Czech Republic (02), Spain, Colombia, Mexico, Chile, Argentina,
      Peru

     

    

      CONFIDENTIAL

       

      For
        use
        by Vodafone Portugal only, in connection with the Request for Proposal dated
        October 2006

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      

       

    

    Appendix
      A:

     

    Figure
      1: Waat Media - Sample Reporting

     

    

     

    Figure
      2: Waat Media Platform -

     

    

     

    The
      Waat
      Media platforms contains an array of module specific to adult content including
      model

    release
      information, content meta data, profiling and advertising / content
      targeting.

    
       

      CONFIDENTIAL

       

      For
        use
        by Vodafone Portugal only, in connection with the Request for Proposal dated
        October 2006

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

         

      

    

    
      

       

    

    Figure
      3: Sample Content Meta Data -

     

    
      

       

    

    Meta
      Data
      information includes over 40 fields of data per piece of content form hair
      colour to

    breast
      size to activity. These key have been built over 3 years of content and
      behaviour analysis.

     

    Figure
      4: Sample Psychographic Profile -

     

    

     

    Based
      a
      users behaviour and certain algorithms, our platform is able to build a
      psychographic

    profile
      in a customer and place them in a class that we can optimize their
      experience.

    

    
      CONFIDENTIAL

       

      For
        use
        by Vodafone Portugal only, in connection with the Request for Proposal dated
        October 2006

       

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    
      

       

    

    Figure
      5: Targeting and Recommendations -

     

    

     

    Our
      targeting module allows us to dynamically serve content that best suite the
      customer. We dynamically change the order of links, able to service up targeted
      banners and advertising as well as make recommendation at time of purchase
      and
      as well as a post purchase up sell.

     

    Figure
      6: Sample Products

     

    
      

       

      
        CONFIDENTIAL

         

        For
          use
          by Vodafone Portugal only, in connection with the Request for Proposal
          dated
          October 2006

      

       

      
        
          
          

        

        
          10

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