Document:

EXHIBIT 10.45

                              CONSULTING AGREEMENT

This Consulting Agreement (the "Agreement") is made and entered into to be
effective as of January 04 , 2005 (the "Effective Date") by and between Peak
Entertainment, a UK based company (the "Company") and Salvani Investments, a
Florida corporation (the "the Consultant").

WHEREAS:

      A.    The Consultant has the business and financial expertise and
            experience to assist the Company, and

      B.    The Consultant is offering its services as a consultant to the
            Company; and

      C.    The Company desires to retain the Consultant as an independent
            consultant and to memorialize the Consultant's work for the Company
            by entering into this written Agreement.

      D.    The parties agree that this Agreement reflects the entire
            understanding and agreements between the parties hereto.

NOW, THEREFORE, in consideration of the premises and promises, warranties and
representations herein contained, it is agreed as follows:

      1. DUTIES. The Company hereby engages the Consultant and the Consultant
hereby accepts engagement as a consultant. It is understood and agreed, and it
is the express intention of the parties to this Agreement, that the Consultant
is an independent contractor, and not an employee or agent of the Company for
any purpose whatsoever. It is understood, however, that the Consultant will
maintain Consultant's own business in addition to providing services to the
Company. The Consultant agrees to promptly perform all services required of the
Consultant hereunder in an efficient, professional, trustworthy and businesslike
manner. In such capacity, Consultant will utilize only materials, reports,
financial information or other documentation that is approved in writing in
advance by the Company.

      2. CONSULTING SERVICES. For a period of one (1) year commencing on the
Effective Date hereof (the "Consulting Period)" and subject to prior termination
has hereinafter provided in paragraph 6, the Consultant will be retained as a
consultant and independent contractor for the Company. This Consulting Agreement
may be terminated as described in Section 6 below.

      3. CONFIDENTIALITY. All knowledge and information of a proprietary and
confidential nature relating to the Company which the Consultant obtains during
the Consulting Period, from the Company or the Company's employees, agents or
consultants shall be for all purposes regarded and treated as strictly
confidential for so long as such information remains proprietary and
confidential and shall be held in trust by the Consultant solely for the
Company's benefit and use and shall not be directly or indirectly disclosed by
the Consultant to any person without the prior written consent of the Company,
which consent may be withhold by the Company in its sole discretion.

      4. INDEPENDENT CONTRACTOR STATUS. Consultant understands that since the
Consultant is not an employee of the Company, the Company will not withhold
income taxes or pay any employee taxes on its behalf, nor will it receive any
fringe benefits. The Consultant shall not have any authority to assume or create
any obligations, express or implied, on behalf of the Company and shall have no
authority to represent the Company as agent, employee or in any other capacity
than as herein provided.

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      The Consultant does hereby indemnify and hold harmless the Company from
and against any and all claims, liabilities, demands, losses or expenses
incurred by the Company if the Consultant fails to pay any applicable income
and/or employment taxes (including interest or penalties of whatever nature), in
any amount, relating to the Consultant's rendering of consulting services to the
Company, including any attorney's fees or costs to the prevailing party to
enforce this indemnity.

      The Consultant shall be responsible for obtaining workers' compensation
insurance coverage and agrees to indemnify, defend and hold the Company harmless
of an from any and all claims arising out of any injury, disability or death of
the Consultant.

      5. Fee. Vested upon signing, one million warrants, exercise price $.50.
The warrants are cashless exercise, have a term of five years and have piggyback
registration rights. The warrants will also have anti-dilution rights. This
contract is based upon nine months.

      6. TERMINATION. Either party may terminate this Agreement at anytime with
or without cause by giving thirty (30) days written notice to the other party.
Should the Consultant default in the performance of this Agreement or materially
breach any of its provisions, the Company may, in its sole discretion, terminate
this Agreement immediately upon written notice to the Consultant. Termination of
this Agreement also terminates the remaining vesting of the Warrant and the
Warrant shall be exercisable only to the extent described in Exhibit B Section 3
thereof.

      7. NO THIRD PARTY RIGHTS. The parties warrant and represent that they are
authorized to enter into this Agreement and that no third parties, other than
the parties hereto, have any interest in any of the services or the Warrant
Contemplated hereby.

      8. ABSENCE OF WARRANTIES AND REPRESENTATIONS. Each party hereto
acknowledges that they have signed this Agreement without having relied upon or
being induced by any agreement, warranty or representation of fact or opinion of
any person not expressly set forth herein or in the Disclosure Materials. All
representations and warranties of either party contained herein shall survive
its signing and delivery. 9. NEW YORK LAW This Agreement shall be governed by
and construed in accordance with the law of the State of New York.

      10. ATTORNEY'S FEES. In the event of any controversy, claim or dispute
between the parties hereto, arising out of or in any manner relating to this
Agreement, including an attempt to rescind or set aside, the prevailing party in
any action brought to settle such controversy, claim or dispute shall be
entitled to recover reasonable attorney's fees and costs.

      11. ARBITRATION. Any controversy between the parties regarding the
construction or application of this Agreement, any claim arising out of this
Agreement or its breach, shall be submitted to arbitration in New York, New York
before one arbitrator in accordance with the Commercial Arbitration Rules of the
American Arbitration Association, upon the written request of one party after
service of that request on the other party. The cost of arbitration shall be
borne by the losing party. The arbitrator is also authorized to award attorney's
fees to the prevailing party.

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      12. VALIDITY. If any paragraph, sentence, term or provision hereof shall
be held to be invalid or unenforceable for any reason, such invalidity or
unenforceability shall not affect the validity or enforceability of any other
paragraph, sentence, term and provision hereof. To the extent required, any
paragraph, sentence, term or provision of this Agreement may be modified by the
parties hereto by written amendment to preserve its validity.

      13. NON-DISCLOSURE OF TERMS. Except as to the Securities and Exchange
Commission, Internal Revenue Service, Florida and New York State Franchise Tax
Board and other taxing authorities or applicable government agencies, the terms
of this Agreement shall be kept confidential, and no party, representative,
attorney or family member shall reveal its contents to any third party except as
required by law or as necessary to comply with law.

      14. ENTIRE AGREEMENT. This Agreement contains the entire understanding of
the parties and cannot be altered or amended except by an amendment duly
executed by all parties hereto. This Agreement shall be binding upon and inure
to the benefit of the successors, assigns and personal representatives of the
parties.

IN WITNESS WHEREOF, the parties hereto have executed this Consulting Agreement
effective as of the date first written above.

Peak Entertainment

By: /s/ Wilf Shorrocks               By: Salvani Invesments
Wilf Shorrocks                       Joseph Salvani /s/ Joseph Salvani
C.E.O.                                              ----------------------------
                                     Printed Name: Joseph Salvani
                                                    ----------------------------
                                     Title: CEO___________________________

                                     Address: 35 Crest Loop
                                               Staten Island, NY 10312
                                     Phone:    718-966-4832
                                     FAX:      718-966-8352

<PAGE>

                                    EXHIBIT A

                       DESCRIPTION OF CONSULTING SERVICES

The Consultant agrees, to the extent reasonably required in the conduct of its
business with the Company, to place at the disposal of the Company its judgment
and experience and to provide business development services to the Company
including, but not limited to, the following:

      (i)   review the Company's financial requirements;

      (ii)  analyze and assess alternatives for the Company's financial
            requirements;

      (iii) provide introductions to professional analysts and money managers;

      (iv)  assist the Company in financing arrangements to be determined and
            governed by separate and distinct financing agreements;

      (v)   provide analysis of the Company's industry and competitors in the
            form of general industry reports provided directly to Company;

      (vi)  assist the Company in developing corporate partnering relationships;
            and,

      (vii) assist the Company in becoming initially listed on the American
            Stock Exchange, LLC.

<PAGE>

                                    EXHIBIT B

                                 FORM OF WARRANT

<PAGE>

 THIS WARRANT AND THE SHARES ISSUABLE UPON THE EXERCISE OF THIS WARRANT HAVE NOT
     BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. EXCEPT AS
  OTHERWISE SET FORTH HEREIN, OR IN THE SECURITIES PURCHASE AGREEMENT, NEITHER
     THIS WARRANT NOR ANY OF SUCH SHARES MAY BE SOLD, PLEDGED, TRANSFERRED,
  ASSIGNED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE
   REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER SAID ACT OR, AN OPINION OF
   COUNSEL, IN FORM, SUBSTANCE AND SCOPE, CUSTOMARY FOR OPINIONS OF COUNSEL IN
  COMPARABLE TRANSACTIONS, THAT REGISTRATION IS NOT REQUIRED UNDER SUCH ACT OR
                UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT.

   Right to Purchase Up to 1,000,000 Shares of Common Stock at $.50 per Share

                        Peak Entertainment Holdings, Inc.

                             STOCK PURCHASE WARRANT

Warrant No.  010405.1

      THIS CERTIFIES THAT, for value received, SALVANI INVESTMENTS (the
"Holder"), is entitled, upon the terms and subject to the conditions hereinafter
set forth, at any time after the vesting date of January 4, 2005 (the "Initial
Exercise Date") and on or prior to the close of business on January 4, 2010 (the
"Termination Date"), but not thereafter, to subscribe for and purchase from Peak
Entertainment Holdings, Inc., a Nevada corporation (the "Company"), up to
1,000,000 fully paid and nonassessable shares of the Company's Common Stock (the
"Common Stock"), at the exercise price of $.50 per share (the "Exercise Price").
The Exercise Price and the number of shares for which this Warrant is
exercisable shall be subject to adjustment as provided herein. The Holder shall
be entitled to piggyback registration rights on the Company's registration
statement filings with the S.E.C. for the Common Stock underlying these
warrants.

      1. Title to Warrant. Prior to the Termination Date and subject to
compliance with applicable laws, this Warrant and all rights hereunder are
transferable, in whole or in part, at the office or agency of the Company by the
holder hereof in person or by duly authorized attorney, upon surrender of this
Warrant together with the Assignment Form annexed hereto, properly endorsed.

      2. Authorization of Shares. The Company covenants that all shares of
Common Stock which may be issued upon the exercise of rights represented by this
Warrant will, upon exercise of the rights represented by this Warrant, be duly
authorized, validly issued, fully paid and nonassessable and free from all
taxes, liens and charges in respect of the issue thereof (other than taxes in
respect of any transfer occurring contemporaneously with such issue).

      3. Exercise of Warrant. Except as provided in Sections 4 and 5 herein,
exercise of the purchase rights represented by this Warrant may be made at any
time or times on or after the Initial Exercise Date, and before the close of
business on the Termination Date by the surrender of this Warrant and the Notice
of Exercise Form annexed hereto, duly executed, at the office of the Company (or
such other office or agency of the Company as it may designate by notice in
writing to the registered holder hereof at the address of such holder appearing
on the books of the Company) and upon payment of the Exercise Price of the
shares thereby purchased by wire transfer or cashier's check drawn on a United
States bank, the holder of this Warrant shall be entitled to receive a
certificate for the number of shares of Common Stock so purchased. Certificates
for shares purchased hereunder shall be delivered to the Holder hereof within
three (3) Trading Days after the date on which this Warrant shall have been
exercised as aforesaid. This Warrant shall be deemed to have been exercised and
such certificate or certificates shall be deemed to have been issued, and the
Holder or any other person so designated to be named therein shall be deemed to
have become a holder of record of such shares for all purposes, as of the date
this Warrant has been exercised by payment to, and receipt thereof by, the
Company of the Exercise Price and all taxes required to be paid by Holder, if
any, pursuant to Section 5 herein prior to the issuance of such shares. If this
Warrant shall have been exercised in part, the Company shall, at the time of
delivery of the certificate or certificates representing Warrant Shares, deliver
to Holder a new Warrant evidencing the rights of Holder to purchase the
unpurchased shares of Common Stock called for by this Warrant, which new warrant
shall in all other respects be identical with this Warrant. The warrants may
also be exercisable by means of a "cashless exercise" in which the Holder shall
be entitled to receive a certificate for the number of shares equal to the
quotient obtained by dividing [(A-B) (X)] by (A), where: (A) = the average of
the high and low trading prices per share of Common Stock on the three trading
days preceding the date of such election on the principal trading market, in
terms of volume; (B) = the Exercise Price of the Warrants; and (X) = the number
of shares issuable upon exercise of the warrants in accordance with the terms of
this warrant.

<PAGE>

      4. No Fractional Shares or Scrip. No fractional shares or scrip
representing fractional shares shall be issued upon the exercise of this
Warrant. As to any fraction of a share which Holder would otherwise be entitled
to purchase upon such exercise, the Company shall pay a cash adjustment in
respect of such final fraction in an amount equal to the Exercise Price.

      5. Limitation on Exercise of Warrant. In no event shall the Holder be
permitted to exercise this Warrant for shares of Common Stock in excess of the
amount of this Warrant upon the exercise of which, (x) the number of shares of
Common Stock beneficially owned by such Holder (other than shares of Common
Stock issuable upon exercise of this Warrant) plus (y) the number of shares of
Common Stock issuable upon exercise of this Warrant, would be equal to or exceed
4.9% of the number of shares of Common Stock then issued and outstanding,
including shares issuable upon exercise of this Warrant held by such Holder
after application of this Section 5. As used herein, beneficial ownership shall
be determined in accordance with Section 13(d) of the Securities Exchange Act of
1934, as amended, and the rules and regulations thereunder. To the extent that
the limitation contained in this Section 5 applies, the determination of whether
this Warrant is exercisable (in relation to other securities owned by the
Holder) and which portion of this Warrant is exercisable shall be in the sole
discretion of such Holder, and the submission of a Notice of Exercise shall be
deemed to be such Holder's determination of whether this Warrant is exercisable
(in relation to other securities owned by such Holder) and of which portion of
this Warrant is exercisable, in each case subject to such aggregate percentage
limitation, and the Company shall have no obligation to verify or confirm the
accuracy of such determination. Nothing contained herein shall be deemed to
restrict the right of a Holder to exercise this Warrant into shares of Common
Stock at such time as such exercise will not violate the provisions of this
Section 5. The provisions of this Section 5 may be waived by the Holder of this
Warrant upon not less than 75 days' prior notice to the Company, and the
provisions of this Section 5 shall continue to apply until such 75th day (or
such later date as may be specified in such notice of waiver). No exercise of
this Warrant in violation of this Section 5, but otherwise in accordance with
this Warrant, shall affect the status of the Common Stock issued upon such
exercise as validly issued, fully-paid and nonassessable.

      6. Charges, Taxes and Expenses. Issuance of certificates for shares of
Common Stock upon the exercise of this Warrant shall be made without charge to
the Holder hereof for any issue or transfer tax or other incidental expense in
respect of the issuance of such certificate, all of which taxes and expenses
shall be paid by the Company, and such certificates shall be issued in the name
of the Holder of this Warrant, or in such name or names as may be directed by
the holder of this Warrant; provided, however, that in the event certificates
for shares of Common Stock are to be issued in a name other than the name of the
Holder of this Warrant, this Warrant when surrendered for exercise shall be
accompanied by the Assignment Form attached hereto, duly executed by the Holder
hereof; and the Company may require, as a condition thereto, the payment of a
sum sufficient to reimburse it for any transfer tax incidental thereto.

      7. Closing of Books. The Company will not close its shareholder books or
records in any manner which prevents the timely exercise of this Warrant.

<PAGE>

      8. Transfer, Division and Combination.

            (a) Subject to compliance with any applicable securities laws,
transfer of this Warrant and all rights hereunder, in whole or in part, shall be
registered on the books of the Company to be maintained for such purpose, upon
surrender of this Warrant at the principal office of the Company, together with
a written assignment of this Warrant substantially in the form attached hereto
duly executed by Holder or its agent or attorney and funds sufficient to pay any
transfer taxes payable upon the making of such transfer. Upon such surrender
and, if required, such payment, the Company shall execute and deliver a new
warrant or warrants in the name of the assignee or assignees and in the
denomination or denominations specified in such instrument of assignment, and
shall issue to the assignor a new warrant evidencing the portion of this Warrant
not so assigned, and this Warrant shall promptly be cancelled. This Warrant, if
properly assigned, may be exercised by a new holder for the purchase of shares
of Common Stock without having a new warrant issued.

            (b) This Warrant may be divided or combined with other Warrants upon
presentation hereof at the aforesaid office of the Company, together with a
written notice specifying the names and denominations in which new Warrants are
to be issued, signed by Holder or its agent or attorney. Subject to compliance
with Section 8(a), as to any transfer which may be involved in such division or
combination, the Company shall execute and deliver a new Warrant or Warrants in
exchange for the Warrant or Warrants to be divided or combined in accordance
with such notice.

            (c) The Company shall prepare, issue and deliver at its own expense
(other than transfer taxes) the new Warrant or Warrants under this Section 8.

            (d) The Company agrees to maintain, at its aforesaid office, books
for the registration and the registration of transfer of the Warrants.

      9. No Rights as Shareholder until Exercise. This Warrant does not entitle
the Holder hereof to any voting rights or other rights as a shareholder of the
Company prior to the exercise hereof. Upon the surrender of this Warrant and the
payment of the aggregate Exercise Price, the Warrant Shares so purchased shall
be and be deemed to be issued to such Holder as the record owner of such shares
as of the close of business on the later of the date of such surrender or
payment.

      10. Loss, Theft, Destruction or Mutilation of Warrant. The Company
covenants that upon receipt by the Company of evidence reasonably satisfactory
to it of the loss, theft, destruction or mutilation of this Warrant certificate
or any stock certificate relating to the Warrant Shares, and in case of loss,
theft or destruction, of indemnity or security reasonably satisfactory to it
(which shall not include the posting of any bond), and upon surrender and
cancellation of such Warrant or stock certificate, if mutilated, the Company
will make and deliver a new warrant or stock certificate of like tenor and dated
as of such cancellation, in lieu of such Warrant or stock certificate.

      11. Saturdays, Sundays, Holidays, etc. If the last or appointed day for
the taking of any action or the expiration of any right required or granted
herein shall be a Saturday, Sunday or a legal holiday, then such action may be
taken or such right may be exercised on the next succeeding day not a Saturday,
Sunday or legal holiday.

      12. Adjustments of Exercise Price and Number of Warrant Shares.

            (a) Stock Splits, etc. The number and kind of securities purchasable
upon the exercise of this Warrant and the Exercise Price shall be subject to
adjustment from time to time upon the happening of any of the following. In the
event that the Company shall (i) pay a dividend in shares of Common Stock or
make a distribution in shares of Common Stock to holders of its outstanding
Common Stock, (ii) subdivide its outstanding shares of Common Stock into a
greater number of shares of Common Stock, (iii) combine its outstanding shares
of Common Stock into a smaller number of shares of Common Stock, (iv) issue any
shares of its capital stock in a reclassification of the Common Stock, or (v)
otherwise transacts a similar adjustment to its class of Common Stock, then the
number of Warrant Shares purchasable upon exercise of this Warrant and the
Exercise Price immediately prior thereto shall be adjusted so that the holder of
this Warrant shall be entitled to receive the kind and number of Warrant Shares
or other securities of the Company which the holder would have owned or have
been entitled to receive had such Warrant been exercised in advance thereof.
Upon each such adjustment of the kind and number of Warrant Shares or other
securities of the Company which are purchasable hereunder, the holder of this
Warrant shall thereafter be entitled to purchase the number of Warrant Shares or
other securities resulting from such adjustment at an Exercise Price per Warrant
Share or other security obtained by multiplying the Exercise Price in effect
immediately prior to such adjustment by the number of Warrant Shares purchasable
pursuant hereto immediately prior to such adjustment and dividing by the number
of Warrant Shares or other securities of the Company resulting from such
adjustment. An adjustment made pursuant to this paragraph shall become effective
immediately after the effective date of such event retroactive to the record
date, if any, for such event.

<PAGE>

            (b) Reorganization, Reclassification, Merger, Consolidation or
Disposition of Assets. In case the Company shall reorganize its capital,
reclassify its capital stock, consolidate or merge with or into another
corporation (where the Company is not the surviving corporation or where there
is a change in or distribution with respect to the Common Stock of the Company),
or sell, transfer or otherwise dispose of all or substantially all its property,
assets or business to another corporation and, pursuant to the terms of such
reorganization, reclassification, merger, consolidation or disposition of
assets, shares of common stock of the successor or acquiring corporation, or any
cash, shares of stock or other securities or property of any nature whatsoever
(including warrants or other subscription or purchase rights) in addition to or
in lieu of common stock of the successor or acquiring corporation ("Other
Property"), are to be received by or distributed to the holders of Common Stock
of the Company, then the Holder shall have the right thereafter to receive, upon
exercise of this Warrant, the number of shares of common stock of the successor
or acquiring corporation or of the Company, if it is the surviving corporation,
and Other Property receivable upon or as a result of such reorganization,
reclassification, merger, consolidation or disposition of assets by a holder of
the number of shares of Common Stock for which this Warrant is exercisable
immediately prior to such event. In case of any such reorganization,
reclassification, merger, consolidation or disposition of assets, the successor
or acquiring corporation (if other than the Company) shall expressly assume the
due and punctual observance and performance of each and every covenant and
condition of this Warrant to be performed and observed by the Company and all
the obligations and liabilities hereunder, subject to such modifications as may
be deemed appropriate (as determined in good faith by resolution of the Board of
Directors of the Company) in order to provide for adjustments of shares of
Common Stock for which this Warrant is exercisable which shall be as nearly
equivalent as practicable to the adjustments provided for in this Section 12.
For purposes of this Section 12, "common stock of the successor or acquiring
corporation" shall include stock of such corporation of any class which is not
preferred as to dividends or assets over any other class of stock of such
corporation and which is not subject to redemption and shall also include any
evidences of indebtedness, shares of stock or other securities which are
exercisable into or exchangeable for any such stock, either immediately or upon
the arrival of a specified date or the happening of a specified event and any
warrants or other rights to subscribe for or purchase any such stock. The
foregoing provisions of this Section 12 shall similarly apply to successive
reorganizations, reclassifications, mergers, consolidations or disposition of
assets.

            (c) Adjustment for Spin Off. If, for any reason, prior to the
exercise of this Warrant in full, the Company spins off or otherwise divests
itself of a part of its business or operations or disposes all or a part of its
assets in a transaction (the "Spin Off") in which the Company does not receive
compensation for such business, operations or assets, but causes securities of
another entity (the "Spin Off Securities") to be issued to security holders of
the Company, then

                  (A) the Company shall cause (i) to be reserved Spin Off
Securities equal to the number thereof which would have been issued to the
Holder had all of the Holder's unexercised Warrants outstanding on the record
date (the "Record Date") for determining the amount and number of Spin Off
Securities to be issued to security holders of the Company (the "Outstanding
Warrants") been exercised as of the close of business on the trading day
immediately before the Record Date (the "Reserved Spin Off Shares"), and (ii) to
be issued to the Holder on the exercise of all or any of the Outstanding
Warrants, such amount of the Reserved Spin Off Shares equal to (x) the Reserved
Spin Off Shares multiplied by (y) a fraction, of which (I) the numerator is the
amount of the Outstanding Warrants then being exercised, and (II) the
denominator is the amount of the Outstanding Warrants; and

<PAGE>

                  (B) the Exercise Price on the Outstanding Warrants shall be
adjusted immediately after consummation of the Spin Off by multiplying the
Exercise Price by a fraction (if, but only if, such fraction is less than 1.0),
the numerator of which is the average Closing Bid Price of the Common Stock for
the five (5) trading days immediately following the fifth trading day after the
Record Date, and the denominator of which is the average Closing Bid Price of
the Common Stock on the five (5) trading days immediately preceding the Record
Date; and such adjusted Exercise Price shall be deemed to be the Exercise Price
with respect to the Outstanding Warrants after the Record Date.

      13. Voluntary Adjustment by the Company. The Company may at any time
during the term of this Warrant, reduce the then current Exercise Price to any
amount and for any period of time deemed appropriate by the Board of Directors
of the Company.

      14. Notice of Adjustment. Whenever the number of Warrant Shares or number
or kind of securities or other property purchasable upon the exercise of this
Warrant or the Exercise Price is adjusted, as herein provided, the Company shall
promptly send notice to the holder of this Warrant notice of such adjustment or
adjustments setting forth the number of Warrant Shares (and other securities or
property) purchasable upon the exercise of this Warrant and the Exercise Price
of such Warrant Shares (and other securities or property) after such adjustment,
setting forth a brief statement of the facts requiring such adjustment and
setting forth the computation by which such adjustment was made. Such notice, in
the absence of manifest error, shall be conclusive evidence of the correctness
of such adjustment.

      15. Call Provision. Prior to the Termination Date, the Warrant shall be
callable, under the circumstances described in this Section, at the discretion
of the Company, for $0.10 per warrant (the "Call Fee"). The Company's right to
call shall be exercisable commencing upon the day following the tenth
consecutive business day during which the Company's common stock has traded at
prices of, or in excess of, $1.75 per share, subject to adjustment for stock
splits, dividends, subdivisions, reclassification and the like, with weekly
volume of such trading being in excess of the total number of shares represented
by this Warrant. In the event the Company exercises its right to call the
Warrants, the Company shall give the Holder written notice of such decision. In
the event that the Holder does not exercise all or any part of the Warrants or
that the Company does not receive the Warrant from the Holder within 30 days
from the date on the notice to the Holder of the Company's intention to redeem
the Warrant, then the Warrant shall be deemed canceled, and the Holder shall not
be entitled to further exercise thereof or to the Redemption Fee.

      16. Notice of Corporate Action. If at any time:

            (a) the Company shall take a record of the holders of its Common
Stock for the purpose of entitling them to receive a dividend or other
distribution, or any right to subscribe for or purchase any evidences of its
indebtedness, any shares of stock of any class or any other securities or
property, or to receive any other right, or

            (b) there shall be any capital reorganization of the Company, any
reclassification or recapitalization of the capital stock of the Company or any
consolidation or merger of the Company with, or any sale, transfer or other
disposition of all or substantially all the property, assets or business of the
Company to, another corporation or,

            (c) there shall be a voluntary or involuntary dissolution,
liquidation or winding up of the Company;

<PAGE>

  then, in any one or more of such cases, the Company shall give to the Holder
  (i) at least 30 days' prior written notice of the date on which a record date
  shall be selected for such dividend, distribution or right or for determining
                                     rights
    to vote in respect of any such reorganization, reclassification, merger,
   consolidation, sale, transfer, disposition, liquidation or winding up, and
     (ii) in the case of any such reorganization, reclassification, merger,
                                 consolidation,
  sale, transfer, disposition, dissolution, liquidation or winding up, at least
 30 days' prior written notice of the date when the same shall take place. Such
 notice in accordance with the foregoing clause also shall specify (i) the date
                                       on
     which any such record is to be taken for the purpose of such dividend,
   distribution or right, the date on which the holders of Common Stock shall
   be entitled to any such dividend, distribution or right, and the amount and
                                    character
          thereof, and (ii) the date on which any such reorganization,
      reclassification, merger, consolidation, sale, transfer, disposition,
  dissolution, liquidation or winding up is to take place and the time, if any
                         such time is to be fixed, as of
  which the holders of Common Stock shall be entitled to exchange their shares
     of Common Stock for securities or other property deliverable upon such
  disposition, dissolution, liquidation or winding up. Each such written notice
                                    shall be
              sufficiently given if addressed to the Holder at the
                     last address of the Holder appearing on
                     the books of the Company and delivered
                        in accordance with Section 18(d).

      17. Authorized Shares. The Company covenants that during the period the
Warrant is outstanding, it will reserve from its authorized and unissued Common
Stock a sufficient number of shares to provide for the issuance of the Warrant
Shares upon the exercise of any purchase rights under this Warrant. The Company
further covenants that its issuance of this Warrant shall constitute full
authority to its officers who are charged with the duty of executing stock
certificates to execute and issue the necessary certificates for the Warrant
Shares upon the exercise of the purchase rights under this Warrant. The Company
will take all such reasonable action as may be necessary to assure that such
Warrant Shares may be issued as provided herein without violation of any
applicable law or regulation, or of any requirements of the OTCBB or other
market upon which the Common Stock may be listed.

      The Company shall not by any action, including, without limitation,
amending its certificate of incorporation or through any reorganization,
transfer of assets, consolidation, merger, dissolution, issue or sale of
securities or any other voluntary action, avoid or seek to avoid the observance
or performance of any of the terms of this Warrant, but will at all times in
good faith assist in the carrying out of all such terms and in the taking of all
such actions as may be necessary or appropriate to protect the rights of the
Holder against impairment. Without limiting the generality of the foregoing, the
Company will (a) take all such action as may be necessary or appropriate in
order that the Company may validly and legally issue fully paid and
nonassessable shares of Common Stock upon the exercise of this Warrant, and (b)
use its best efforts to obtain all such authorizations, exemptions or consents
from any public regulatory body having jurisdiction thereof as may be necessary
to enable the Company to perform its obligations under this Warrant.

      18. Miscellaneous.

            (a) Jurisdiction. This Warrant shall be binding upon any successors
or assigns of the Company. This Warrant shall constitute a contract under the
laws of New York without regard to its conflict of law, principles or rules, and
be subject to governing law provisions set forth in Section 8 of the Securities
Purchase Agreement.

            (b) Restrictions. The holder hereof acknowledges that the Warrant
Shares acquired upon the exercise of this Warrant, if not registered, will have
restrictions upon resale imposed by state and federal securities laws.

            (c) Nonwaiver and Expenses. No course of dealing or any delay or
failure to exercise any right hereunder on the part of the Holder shall operate
as a waiver of such right or otherwise prejudice the Holder's rights, powers or
remedies, notwithstanding all rights hereunder terminate on the Termination
Date. If the Company fails to comply with any provision of this Warrant, the
Company shall pay to the Holder such amounts as shall be sufficient to cover any
costs and expenses including, but not limited to, reasonable attorneys' fees,
including those of appellate proceedings, incurred by the Holder in collecting
any amounts due pursuant hereto or in otherwise enforcing any of its rights,
powers or remedies hereunder.

<PAGE>

            (d) Notices. Any notice, request or other document required or
permitted to be given or delivered to the Holder hereof by the Company shall be
delivered in accordance with the notice provisions of the Securities Purchase
Agreement.

            (e) Limitation of Liability. No provision hereof, in the absence of
affirmative action by the Holder to purchase shares of Common Stock, and no
enumeration herein of the rights or privileges of the Holder hereof, shall give
rise to any liability of the Holder for the purchase price of any Common Stock
or as a stockholder of the Company, whether such liability is asserted by the
Company or by creditors of the Company.

            (f) Remedies. The Holder, in addition to being entitled to exercise
all rights granted by law, including recovery of damages, will be entitled to
specific performance of its rights under this Warrant.

            (g) Successors and Assigns. Subject to applicable securities laws,
this Warrant and the rights and obligations evidenced hereby shall inure to the
benefit of and be binding upon the successors of the Company and the successors
and permitted assigns of the Holder. The provisions of this Warrant are intended
to be for the benefit of all Holders from time to time of this Warrant and shall
be enforceable by any such Holder or holder of Warrant Shares.

            (h) Indemnification. The Company agrees to indemnify and hold
harmless the Holder from and against any liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, claims, costs, attorneys' fees,
expenses and disbursements of any kind which may be imposed upon, incurred by or
asserted against the Holder in any manner relating to or arising out of any
failure by the Company to perform or observe in any material respect any of its
covenants, agreements, undertakings or obligations set forth in this Warrant;
provided, however, that the Company will not be liable hereunder to the extent
that any liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, claims, costs, attorneys' fees, expenses or disbursements are
found in a final non-appealable judgment by a court to have resulted from the
holder's negligence, bad faith or willful misconduct in its capacity as a
stockholder or warrantholder of the Company.

            (i) Amendment. This Warrant may be modified or amended or the
provisions hereof waived with the written consent of the Company and the Holder.

            (j) Severability. Wherever possible, each provision of this Warrant
shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Warrant shall be prohibited by or
invalid under applicable law, such provision shall be ineffective to the extent
of such prohibition or invalidity, without invalidating the remainder of such
provisions or the remaining provisions of this Warrant.

            (k) Headings. The headings used in this Warrant are for the
convenience of reference only and shall not, for any purpose, be deemed a part
of this Warrant.

                            [signature page follows]

<PAGE>

         IN WITNESS WHEREOF, the Company has caused this Warrant to be executed
by its officer thereunto duly authorized.

Dated:  January 4, 2005

                                       Peak Entertainment Holdings, Inc.

                                       By: /s/ Wilf Shorrocks
                                           -------------------------------------
                                           Wilf Shorrocks
                                           President and Chief Executive Officer

<PAGE>

                               NOTICE OF EXERCISE

To:      Peak Entertainment Holdings, Inc.

      The undersigned hereby elects to purchase ________ shares of Common Stock
(the "Common Stock"), at an exercise price of $.50 per share, of Peak
Entertainment Holdings, Inc. pursuant to the terms of the attached Warrant, and
tenders herewith payment of the exercise price in full, in the amount of
$_____________, together with all applicable transfer taxes, if any.

      Please issue a certificate or certificates representing said shares of
Common Stock in the name of the undersigned or in such other name as is
specified below:

                           -------------------------------
                           (Name)

                           -------------------------------
                           (Address)

                           -------------------------------

Dated:
      ---------------------

                                              ------------------------------
                                              Signature

<PAGE>

                                 ASSIGNMENT FORM

(To assign the foregoing warrant, execute this form and supply required
information. Do not use this form to exercise the warrant.)

      FOR VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby
are hereby assigned to whose address is .

Dated:
      ---------------------

                           Holder's Signature:  ____________________________

                           Holder's Address:    ____________________________

                                                ____________________________

Signature Guaranteed:  ___________________________________________

NOTE: The signature to this Assignment Form must correspond with the name as it
appears on the face of the Warrant, without alteration or enlargement or any
change whatsoever, and must be guaranteed by a bank or trust company. Officers
of corporations and those acting in an fiduciary or other representative
capacity should file proper evidence of authority to assign the foregoing
Warrant.EXHIBIT 10.46

                     INTERNATIONAL REPRESENTATION AGREEMENT

THIS AGREEMENT is made on the 2nd day of August 2004.

BETWEEN

      1.    PEAK ENTERTAINMENT LTD of Bagshaw Hall,Bagshaw Hill, Bakewell,
            Derbyshire, DE45 1DL ("Peak"); and

      2.    Blue Chip Brands Pty Ltd of 37 Naroo Street , Balwyn, Victoria 3103,
            Australia (Agent)

1.    DEFINITIONS

      The following terms shall have the following meanings for the purposes of
      the Agreement:

1.1   "Accounting Day": 30th April

1.2   "Brand" means "Countin Sheep"

1.3   "Brand Name Merchandising Rights" the right to use the Brand during the
      Term of this Agreement and all trade marks, copyright and design rights
      therein in connection with the manufacture, distribution, sale,
      exploitation and advertising of merchandise.

1.4   "Business": the negotiation of Licenses of Merchandising Rights by the
      Agent as agent for Peak and all matters related thereto.

1.5   "Character Merchandising Rights" the right to use the fictitious
      characters associated with the Brand and agreed upon from time to time and
      developed by Peak during the Term of this Agreement and all trade marks
      and copyright therein in connection with the manufacture, distribution,
      sale, exploitation and advertising of merchandise in connection with the
      Brand. All TV and video distribution shall be excluded from the grant of
      rights contained herein.

1.6   "Commission" the Commission payable to the Agent 30 % of gross royalty on
      all deals with the exception of the plush toy range. If plush toy range is
      distributed by company introduced to Peak by agent, commission payable to
      agent will be 1.5% of gross receipts.

1.7   "Expiry Date" 31st December.2006..

1.8   "Gross Royalty" the gross royalty actually received from a licensee
      pursuant to a Licence together with (where applicable) an amount equal to
      the benefit or value of any available tax credit, repayment, exemption,
      allowance or deduction

<PAGE>

      (available as a consequence of or in connection with such credit,
      repayment, exemption or allowance) whether pursuant to any domestic or
      local tax legislation or regulation or pursuant to any applicable double
      taxation treaty and whether or not such tax credit, repayment, exemption,
      allowance or deduction has been claimed.

1.9   "Licence" a Licence upon Peak's standard form of Licence Agreement to use
      the Merchandising Rights granted by Peak to a licensee within the
      Territory during the Term, a copy of which is attached, as amended from
      time to time by agreement in writing between the parties.

1.10  "Licensee" means a person or company to whom the right to exploit the
      Merchandising Rights has been given.

1.11  "Merchandising Rights" the Character Merchandising Rights and Brand Name
      Merchandising Rights.

1.12  "Quarter" means a three month period ending on 31st March, 30th June, 30th
      September and 31st December.

1.13  "Term" the period starting on the date of this Agreement and ending on
      (and including) the Expiry Date unless earlier determined as provided in
      this Agreement.

1.14  "The Territory" means

1.15  "The Parties" mean Peak and the Agent.

2.    GRANT AND RESERVATIONS

2.1   Subject as provided below Peak grants to the Agent for the Term the right
      to negotiate with and grant manufacturers and other interested parties in
      the Territory Licences in relation to the manufacture and distribution in
      the Territory of merchandise pursuant to the terms of this Agreement.

2.2   The grant of rights shall not include the right to arrange for the
      manufacture of merchandise incorporating the Merchandising Rights for
      promotional purposes, unless approved by Peak

2.3   Without prejudice to the remaining provisions of this Agreement Peak
      reserves the right:

      2.3.1 to vary its standard form licences in respect to any one or more
            prospective licensees;

      2.3.2 at its sole discretion to decline without giving reasons to
            consenting to the Agent entering into any one or more Licences
            negotiated by the Agent on its behalf;

<PAGE>

      2.3.3 to negotiate with and grant manufacturers and other interested
            parties Licences in relation to the distribution of merchandise in
            the Territory;

      2.3.4 to exclude certain products included under this Agreement (see
            Schedule 1 Excluded Products);

      2.3.5 to arrange for the manufacture of merchandise including the
            Merchandising Rights for promotional purposes within the Territory.

3.    PEAK'S OBLIGATIONS

      Peak agrees severally with the Agent throughout the Term:

3.1   Support and Information

      To support the Agent in its efforts to promote Business and in particular
      to supply samples of artwork, promotional material, drawings, and general
      information relating to the Merchandising Rights as are available to it
      upon the execution hereof and shall keep the Agent reasonably so supplied
      throughout the Term.

3.2   Advertising and Promotion

      3.2.1 To refer to the Agent any enquiries from prospective licensees or
            other leads in the Territory.

      3.2.2 To supply to the Agent information which may come into its
            possession which may assist the Agent in carrying on the Business.

3.3   Maintenance of Rights

      Subject to Clause 4.5 of this Agreement to maintain its Merchandising
      Rights during the Term and not to cause or permit anything which may
      damage or endanger them or its title to them or assist or suffer others to
      do so or to consult with the Agent if the Merchandising Rights are or
      appear likely to be damaged or endangered.

4.    AGENT'S OBLIGATIONS

      The Agent agrees with Peak throughout the Term as follows:

4.1   Diligence

      At all times to work diligently to protect the interests of Peak and the
      Countin Sheep property.

4.2   Scope of activity and authority

<PAGE>

      4.2.1 Not to deal directly or indirectly with any prospective licensee
            located outside the Territory or with any person located within the
            Territory knowing or having reason to believe that goods produced
            under a Licence granted to such a person would be resold outside the
            Territory without written approval from Peak.

      4.2.2 Not to describe itself as agent or representative of Peak except as
            expressly authorised by this Agreement.

      4.2.3 Not to pledge the credit of Peak in any way.

      4.2.4 Not to make any commission or demand or receive payment from a
            licensee for the grant or renewal of a Licence apart from the agreed
            Commission.

      4.2.5 Not to make any representations or give any warranties to
            prospective licensees other than to those contained in the terms of
            the Licence.

4.3   Promotion

      To use its best endeavours to induce manufacturers to make use of the
      Merchandising Rights in relation to the manufacture, promotion or sale of
      goods in particular by:

      4.3.1 personal visits to and correspondence with potential licensees;

      4.3.2 advertising and distribution of publicity matter subject however to
            the specific prior approval in writing in all cases by Peak of the
            form of such advertising and publicity matter;

      4.3.3 attendance at trade shows and other sales outlets;

      4.3.4 preparing a licensing brochure for the Programmes and the Brand
            within a reasonable period of the date of this Agreement in a form
            approved by Peak in writing prior to use.

4.4   Licences and Approvals

      4.4.1 To refer to Peak any enquiries which may come into its possession
            which may assist Peak or its subsidiaries to grant Licences in
            connection with the exploitation of the Brand.

      4.4.2 Before entering into any Licence to provide details of the proposed
            Licensee to Peak.

<PAGE>

      4.4.3 Only to enter into Licences with Licensees in the terms of a licence
            in a form which has been agreed with Peak in and not to agree any
            amendments to the Licence without the consent of Peak.

      4.4.4 Forthwith on a Licence being entered into with a licensee to provide
            to Peak (as appropriate) a true copy of the Licence.

      4.4.5 Before permitting the commencement of manufacture to submit to Peak
            (as appropriate) for approval a sample of each design to be used on
            products, a sample of any written material to be used on products, a
            sample of any packaging material and (where the product is to be
            sold with confectionery) a sample of all printing inks and
            constituent elements of the product (e.g. resin for PVC
            collectibles). If the design is approved by Peak the Agent will
            further submit to Peak for approval a sample of each product bearing
            the approved design together with packaging. The Agent shall not
            authorise any licensee to manufacture any product bearing a design
            not so approved. Prior to sale to ensure that all necessary safety
            certificates and licences are obtained and a copy forwarded to Peak.

      4.4.6 If the Agent shall breach any of the terms of this Clause 4.4 and
            such breach if capable of remedy is not remedied within 30 days of
            receipt of a written notice of such breach from Peak this shall
            entitle Peak to terminate this licence forthwith without further
            notice.

4.5   Protection of Property

      4.5.1 Not to cause or permit anything which may damage or endanger the
            Merchandising Rights or Peak's title to them or assist or allow
            others to do so.

      4.5.2 To notify Peak of any suspected infringement of Merchandising
            Rights.

      4.5.3 To take such reasonable action as Peak (as appropriate) may direct
            at the expense of Peak in relation to such infringement.

      4.5.4 To compensate Peak for any use by the Agent of the Merchandising
            Rights otherwise than in accordance with this Agreement.

      4.5.5 To ensure that each Licence includes an indemnity for the Agent
            against any liability incurred to third parties for any use of the
            Merchandising Rights otherwise than in accordance with this
            Agreement and the Licence.

      4.5.6 On the expiry or termination of this Agreement forthwith to cease to
            use the Merchandising Rights save as expressly authorised by Peak in
            writing.

      4.5.7 Not to apply for registration of any part of the Merchandising
            Rights as a trade mark but to give Peak at Peak's expense any
            assistance it may

<PAGE>

            require in connection with the registration of any part of the
            Merchandising Rights as a trade mark in any part of the world and
            not to interfere with in any manner nor attempt to prohibit the use
            or registration of any part of the Merchandising Rights or any name,
            device or design resembling it by any other licensee of the Agent.

      4.5.8 Not to use the Merchandising Rights otherwise than as permitted by
            this Agreement.

      4.5.9 Not to use any name or mark similar to or capable of being confused
            with any part of the Merchandising Rights.

      4.5.10 Not to use the Merchandising Rights except directly in the
            Business.

      4.5.11 Not to use any part of the Merchandising Rights or any derivation
            of it in its trading or corporate name.

      4.5.12 To hold any additional goodwill generated by the Agent for the
            Merchandising Rights or the Business as bare trustee for the
            Principal.

4.6   Good Faith

      In all matters to act loyally and faithfully toward Peak.

4.7   Compliance

      4.7.1 To obey Peak's reasonable orders and instructions in relation to the
            conduct of the Business.

      4.7.2 To conduct the Business in an orderly and businesslike manner
            maintaining at its own expense an office and organisation suitable
            and sufficient for the proper timely and efficient conduct of its
            obligations under this Agreement and to comply in the conduct of the
            business with all applicable laws, bylaws and requirements of any
            governmental or regulatory authority applicable to the Business.

4.8   Disclosures

      On entering into this or any other agreement or transaction with Peak
      during the Term or any extensions of it to make full disclosure of all
      material circumstances and of everything known to it respecting the
      subject matter of the relevant contract or transaction which would be
      likely to influence the conduct of Peak including in particular the
      disclosure of other agencies in which the Agent is interested directly or
      indirectly.

<PAGE>

4.9   Secrecy

      4.9.1 Not at any time during or after the Term to divulge or allow to be
            divulged to any person any confidential information relating to the
            Business or affairs of Peak other than to persons who have signed a
            secrecy undertaking in the form approved by Peak.

      4.9.2 Not to permit any person to act or assist in the Business until such
            a person has signed such undertaking.

4.10  Accounts

      To keep accurate and separate records and accounts in respect of the
      conduct of the Business and in accordance with good accountancy custom and
      practice in England and in particular:

      4.10.1 Have them audited by qualified auditors once a year during the
            Term.

      4.10.2 Submit copies of audited accounts to Peak on an annual basis no
            later than the 60th day following the end of its financial year
            (30th April each year).

      4.10.3 Keep said accounting records for not less than six years.

      4.10.4 No later than four months after the end of each Accounting Day
            supply to Peak an auditors unqualified certificate confirming that
            the Agent has remitted to Peak the correct amounts of monies due
            under this Agreement.

      4.10.5 Permit a qualified accountant appointed by Peak such qualified
            accountant to include the Internal Audit Department of Peak to
            inspect the said accounting records for the purpose of verifying the
            amounts payable at all reasonable times.

4.11  Payment of Monies

      4.11.1 The Agent shall diligently collect royalties due from licensees.

      4.11.2 The Agent shall within forty five (45) days of the end of each
            quarter or such other period agreed between all the Parties from
            time to time supply to Peak a schedule showing royalties received
            and an estimate of royalties outstanding from licensees together
            with an aged analysis of outstanding monies together with details of
            actions taken to recover such outstanding monies.

      4.11.3 The Agent shall immediately and in any event within 7 days
            following receipt of an invoice in respect of the same following the
            end of each Quarter (or such other period agreed between all the
            Parties from time to time) pay by direct telegraphic transfer into
            an account nominated by Peak (as set out below) royalties received
            by the Agent (after deducting

<PAGE>

            Commission due to the Agent) in such prior Quarter. Such monies
            shall become due from the date of invoice.

            Bank Details

      4.11.4 The Agent shall pay interest if it shall make a late payment of
            monies previously received by the Agent at the rate of 4% per annum
            above the base rate for the time being of Lloyds Bank Plc.

4.12  Customer List

      To keep a list of actual and potential licensees and to supply a copy of
      it to Peak upon request.

4.13  Inspection of Books and Premises

      To permit Peak or its representatives at all reasonable times to inspect
      all things material to the Business and to take copies of any relevant
      document and for this purpose enter any premises used in connection with
      the Business.

4.14  Assignment

      Not to assign charge or otherwise deal with this Agreement in any way
      without consent of Peak.

4.15  Delegation

      Not to delegate any duties or obligations arising under this Agreement
      otherwise than may be expressly permitted under its terms.

4.16  Pay Expenses

      To pay all expenses of and incidental to the carrying on of the Business.

4.17  Information

      To provide Peak within 30 days of the end of each Quarter with the
      following information:

      4.17.1 details of royalty received;

      4.17.2 a forecast of royalties to be received in the next three months;

      4.17.3 details of royalty due and not paid;

<PAGE>

      4.17.4 a licensee progress statement; and

      4.17.5 stocks of Licensed Products.

4.18  Sales Targets

      The Agent shall meet the sales targets agreed from time to time with Peak.
      For the avoidance of doubt the targets agreed shall be for net royalties
      being gross royalties after deduction of commission and distribution
      expenses only.

5.    TERMINATION

      5.1 This Agreement shall terminate automatically on the Expiry Date and in
      the case of Clauses 5.2 to 5.7 inclusive, forthwith upon service of
      written notice to that effect.

5.2   Breach

      If any of the parties fails to comply with any of the terms and conditions
      of this Agreement and such failure if capable of remedy is not remedied
      within thirty (30) days of receipt of a written notice of such failure
      that the party not in default may terminate this Agreement by giving 30
      days notice to the other.

5.3   Insolvency

      If the Agent goes into either compulsory or voluntary liquidation (save
      for the purpose of reconstruction or amalgamation) or if an administrator
      or administrative receiver is appointed in the respect of the whole or any
      part of its assets or if the Agent makes assignment for the benefit of or
      composition with its creditors generally or threatens to do any of these
      things (or any judgement is made against the Agent or any similar
      occurrence in any jurisdiction affected the Agent).

6.    TERMINATION CONSEQUENCES

6.1   Procedure

      On the termination of this Agreement the Agent undertakes:

      6.1.1 to return to Peak all samples, drawings, publicity, promotional and
            advertising material used in the Business;

      6.1.2 not to make any further use nor reproduce nor exploit in any way the
            Merchandising Rights or Peak's name or any mark or representation
            confusingly similar to the Merchandising Rights.

<PAGE>

6.2   Commission on Termination

      6.2.1 Provided that termination is not due to a breach of this Agreement
            by the Agent the Agent shall be entitled:

            6.2.1.1 to Commission in respect of Licences granted before the date
                  of termination but (subject to 6.2.1.2 below) not in respect
                  of Licences granted by Peak after that date notwithstanding
                  that the Agent may have been responsible in whole or in part
                  for the negotiation of the terms of any such Licence.

            6.2.1.2 In respect of renewals of Licences granted prior to
                  termination that Agent shall be entitled to receive Commission
                  under the renewed licence at the rate of 50% of the Commission
                  it would have received had this Agreement not been terminated
                  but limited to a period of 2 years following the date of
                  renewal of the Licence provided that the new Licence is in
                  respect of the Products identical to the Products licensed to
                  the previous Licence negotiated by the Agent.

      6.2.2 If termination is due to a breach by the Agent then the Agent shall
            not be entitled to commission in respect of sales by licensees after
            the date of termination.

      6.2.3 On termination for whatever reason the Agent shall cease to be
            entitled to collect royalties from licensees and instead Peak shall
            collect such royalties and shall then account to the Agent for the
            commission within 14 days of Peak receiving royalties from
            licensees. On termination the Agent shall pass to Peak all its
            records relating to collection of royalties and in particular
            information relating to outstanding royalties.

6.3   Existing Rights

      The expiry or termination of this Agreement shall be without prejudice to
      any rights which have already accrued to either of the parties under this
      Agreement.

7.    INDEMNITY

7.1   The Agent shall indemnify Peak against all actions, claims, costs, damages
      and expenses which it may suffer to sustain as a result of actions of the
      Agent which have not been authorised by Peak.

<PAGE>

7.2   Peak shall indemnify the Agent against all actions, claims, costs, damages
      and expenses arising out of the Agent's use of the Intellectual Property
      in accordance with terms of this Agreement.

8.    INSPECTION

      The Agent shall permit Peak at all reasonable times to inspect the Agent's
      premises in order to satisfy itself that the Agent is complying with its
      obligations under this Agreement.

9.    MISCELLANEOUS

9.1   No Waiver

      No waiver by Peak of any of the Agent's obligations under this Agreement
      shall be deemed effective unless made by Peak in writing nor shall any
      waiver by Peak in respect of any breach be deemed to constitute a waiver
      of or consent to any subsequent breach by the Agent of its obligations.

9.2   Notices

      Any Notice to be served on either of the Parties by the other shall be
      sent by pre-paid Recorded Delivery or Registered Post or by facsimile to
      the address stated in Clause1 and shall be deemed to have been received by
      the addressee within 72 hours.

9.3   Arbitration

      All questions or differences whatsoever touching this Agreement shall be
      referred to a single arbitrator to be agreed upon by the Parties, or,
      failing agreement, to be appointed by the then President of the Law
      Society, such arbitrator to have all powers conferred on arbitrators by
      the Arbitration Act 1950 or any statutory modification or re-enactment of
      it for the time being.

9.4   Choice of Law

      This Agreement shall be governed by English Law in every particular
      including formation and interpretation and shall be deemed to have been
      made in England.

10.   TRANSMISSION OF BENEFIT

      This Agreement shall be binding upon and inure to the benefit to Peak and
      its successors and assigns.

11.   ENTIRE UNDERSTANDING AND VARIATION

<PAGE>

      11.1  This Agreement embodies the entire understanding of the parties in
            respect of the matters contained or referred to in it and there are
            no promises, terms, conditions or obligations oral or written,
            expressed or implied other than those contained in this agreement.

      11.2  No other variation or amendment of this Agreement or oral promise or
            commitment related to it shall be valid unless committed to in
            writing and signed by a director of Peak.

12.   FORCE MAJEURE

      If the performance of this Agreement is prevented, restricted or
      interfered with by reason of circumstances beyond the reasonable control
      of the party obliged to perform it, the party so affected upon giving
      proper notice to the other party shall be excused from performance to the
      extent of the prevention, restriction or interference but the party so
      affected shall use its best efforts to avoid or remove such causes of
      non-performance and shall continue performance under the Agreement with
      the utmost despatch whenever such causes are removed or diminished.

13.   HEADINGS

      The headings of conditions are for convenience of reference only and shall
      not affect their interpretation.

<PAGE>

AS WITNESS the hands of the duly authorised representatives of the parties to
this Agreement the day and year first before written.

Signed on behalf of Peak Entertainment Ltd:

/s/ P. Shorrocks
.......................................................
(Director)

Date: ............5.1.05.......................

Signed on behalf of Blue Chip Brands Pty Ltd

/s/
........................................................
(Director)

Date: .........13/11/2004........................

<PAGE>

                                  SCHEDULE ONE

                                Excluded Products

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