Document:

Exhibit 10.29

NEITHER THIS SECURITY NOR ANY SECURITY INTO WHICH IT IS CONVERTIBLE HAS BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"),
OR ANY STATE SECURITIES LAWS, AND, ACCORDINGLY, MAY NOT BE PLEDGED, TRANSFERRED,
ASSIGNED, OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT OR SUCH STATE SECURITIES LAWS.

                       SECURED CONVERTIBLE PROMISSORY NOTE

                                Due June 25, 2008

$2,000,000.00                                               Dated June 25, 2002

         FOR VALUE RECEIVED, the undersigned FIRST LOOK MEDIA, INC., a Delaware
corporation (the "Company"), and First Look/Seven Hills LLC, a Delaware limited
liability company (the "LLC"), jointly and severally hereby promise to pay to
the order of SEVEN HILLS PICTURES, LLC, a Connecticut limited liability company,
or its assigns (the "Holder") the principal sum of Two Million and No/100th
Dollars ($2,000,000.00), together with interest thereon at the rate provided
herein, on the terms set forth below.

SECTION 1.        DEFINITIONS AND RULES OF CONSTRUCTION

         1.1 Definitions. For purposes of this Note, the following definitions
shall apply:

                  "Acceleration Notice" has the meaning specified in Section
                  6.2.

                  "Borrowers" mean the Company and the LLC jointly and
                  severally.

                  "Business Day" means a day that is not a Legal Holiday.

                  "Common Stock" means the common stock, $.001 par value per
                  share, of the Company.

                  "Company" means the party named as such in the preamble of
                  this Note and any successor permitted in this Note.

                  "Conversion Amount" has the meaning specified in Section
                  3.1(a).

                  "Conversion Price" has the meaning specified in Section
                  3.1(a).

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                  "Default" means any event which is, or after notice or passage
                  of time or both would be, an Event of Default.

                  "Event of Default" has the meaning specified in Section 6.1.

                  "GAAP" means generally accepted accounting principles set
                  forth in the opinions and pronouncements of the Accounting
                  Principles Board of the American Institute of Certified Public
                  Accountants and statements and pronouncements of the Financial
                  Accounting Standards Board or in such other statements by such
                  other entity as approved by a significant segment of the
                  accounting profession which are in effect in the United States
                  at the time and for the period as to which such accounting
                  principles are to be applied.

                  "Holder" has the meaning specified in the preamble to this
                  Note.

                  "Indebtedness" means, with respect to any Person, (i) all
                  indebtedness for borrowed money or for the deferred purchase
                  price of property or services (other than current trade
                  liabilities incurred in the ordinary course of business and
                  payable in accordance with customary practices), (ii) any
                  other indebtedness that is evidenced by a note, bond,
                  debenture or similar instrument, (iii) all obligations under
                  financing leases, (iv) all obligations in respect of
                  acceptances issued or created, (v) all liabilities secured by
                  any Lien on any property and (vi) all guarantee obligations.

                  "Legal Holiday" is a Saturday, Sunday or a day on which state
                  or federally chartered banking institutions in California are
                  not required to be open.

                  "Lien" means any mortgage, lien, pledge, charge, security
                  interest or other encumbrance of any kind, whether or not
                  filed, recorded or otherwise perfected under applicable law
                  (including any conditional sale or other title retention
                  agreement and any lease deemed to constitute a security
                  interest, and any option or other agreement to give any
                  security interest).

                  "LLC" means the party named as such in the preamble of this
                  Note and any successor permitted in this Note.

                  "LLC Agreement" means the Limited Liability Company Agreement
                  of the LLC, of even date herewith, as the same may be amended
                  from time to time as therein provided.

                  "Marketing and Distribution Agreement" means the Film
                  Marketing and Distribution Agreement, of even date herewith,
                  among the Company, the LLC and the Holder, as the same may be
                  amended from time to time as therein provided.

                  "Maturity Date" has the meaning specified in Section 4.1(b).

                  "Note" means this Secured Convertible Promissory Note, in the
                  principal amount set forth in the preamble hereof, issued to
                  the Holder and evidenced by this instrument and any renewal or
                  replacement thereof.

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                  "Organic Change" means, as to the Company, (i) a merger,
                  consolidation or reorganization of the Company with or into
                  any other Person, or a sale, transfer or assignment of all or
                  substantially all of the assets of the Company or a similar
                  transaction, or series of related such transactions, in which
                  the holders of the Company's capital stock prior to the
                  consummation of such event hold less than 50% of the voting
                  power of the Surviving Person, or (ii) the liquidation,
                  dissolution or winding up of the Company.

                  "Outstanding Balance" means the outstanding principal amount
                  of this Note, plus accrued and unpaid interest thereon.

                  "Person" means any individual, corporation, partnership, joint
                  venture, association, joint-stock company, trust,
                  unincorporated organization or government or other agency or
                  political subdivision thereof.

                  "Purchase Agreement" means the Securities Purchase Agreement,
                  dated as of May 20, 2002, entered into between the Company and
                  the Holder in connection with the purchase and sale of this
                  Note and certain other securities.

                  "SEC" means the Securities and Exchange Commission.

                  "Securities Act" means the Securities Act of 1933, as amended,
                  and the rules and regulations of the SEC promulgated
                  thereunder.

                  "Security Agreements" means, collectively, the Pledge and
                  Security Agreement, of even date herewith, between the Company
                  and the Holder and the Security Agreement, of even date
                  herewith, between the LLC and the Holder entered into in
                  connection with the purchase and sale of this Note.

                  "Surviving Person" has the meaning specified in Section 5.1.

                  "U.S. Legal Tender" means such coin or currency of the United
                  States of America as at the time of payment shall be legal
                  tender for the payment of public and private debts.

         1.2 Rules of Construction. Unless the context otherwise requires:

         (a) a term has the meaning assigned to it;

         (b) an accounting term not otherwise defined has the meaning assigned
to it in accordance with GAAP;

         (c) "or" is not exclusive;

         (d) words in the singular include the plural, and words in the plural
include the singular;

         (e) provisions apply to successive events and transactions;

         (f) "herein," "hereof" and other words of similar import refer to this
Note as a whole and not to any particular section or other subdivision; and

         (g) references to "Section" or "Sections" means such Section or
Sections of this Note, unless stated otherwise.

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SECTION 2.        THE NOTE

         2.1 Registrar and Paying Agent. This Note may be presented for payment
or for registration of retransfer or for exchange at the Company's principal
executive office. The Company shall give prompt written notice to the Holder of
any change in the location of such office.

         2.2 Transfer and Exchange. When this Note is presented to the Company
with a request to register the transfer of this Note or to exchange this Note
for an equal principal amount of Notes of like tenor, the Borrowers shall
register the transfer or make the exchange as requested.

         2.3 Replacement Note. If this Note is mutilated and is surrendered to
the Borrowers, or if the Holder claims and submits to the Borrowers an affidavit
or other evidence reasonably satisfactory to the Borrowers to the effect that
this Note has been lost, destroyed or wrongfully taken, the Borrowers shall
issue a replacement Note, provided, that, if required by the Borrowers, the
Holder shall agree in writing to indemnify the Borrowers from any loss they may
suffer as a result of the replacement of this Note.

         2.4 Security Agreements. This Note is secured by the Security
Agreements.

SECTION 3.        CONVERSION

         3.1 Conversion Provisions. This Note may be converted into shares of
Common Stock under the circumstances set forth below:

         (a) Conversion at the Option of the Holder. The Holder shall have the
right and option at any time during the period commencing on the date hereof and
expiring on the Maturity Date to convert all or any portion of the Outstanding
Balance into fully paid, validly issued and nonassessable shares of Common Stock
at a conversion price of $2.30 per share, which price is subject to adjustment
as set forth herein (as so adjusted, the "Conversion Price"). In order to
exercise its conversion rights contained herein, the Holder shall surrender this
Note to the Company and shall give written notice to the Company, in the form
attached to this Note, that the Holder elects to convert such portion, up to the
whole thereof, of the then Outstanding Balance specified in such notice (the
"Conversion Amount"). The number of shares of Common Stock to which Holder shall
be entitled upon conversion shall be the quotient obtained by dividing the
Conversion Amount by the Conversion Price. Such conversion shall be deemed to
have been effected concurrently with the receipt by the Company of the notice to
convert, and the Holder shall be treated for all purposes the record holder of
the shares of Common Stock issuable upon such conversion at such time. The
Company shall deliver to the Holder one or more stock certificates representing
such shares as soon as practicable after the conversion. If the Conversion
Amount includes less than all of the outstanding principal amount of this Note,
the Company shall execute and deliver to the Holder a new note of like tenor as
this Note evidencing the remaining outstanding principal amount hereof.

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(b) Conversion at the Option of the Company. The Company shall have the option
at any time during the period commencing on the date hereof and expiring on the
Maturity Date, exercisable upon written notice to the Holder, to require the
conversion of all of the Outstanding Balance into Common Stock, at the
Conversion Price, provided that the Closing Bid Price (as defined below) of the
Common Stock has been at least equal to the Conversion Price for each of the 20
consecutive trading days within three business days preceding the giving of such
notice. The "Closing Bid Price" shall mean the closing bid price for the Common
Stock, as reported by The Nasdaq Stock Market if the Common Stock is quoted on
The Nasdaq National Market or Nasdaq SmallCap Market, or the last sales price of
the Common Stock if the Common Stock is listed on a national securities
exchange, whichever is the principal trading market for the Common Stock. If the
Common Stock is not listed on a national securities exchange or quoted on The
Nasdaq National Market or Nasdaq SmallCap Market, but is traded in the
over-the-counter market, the Closing Bid Price shall mean the closing bid price
for the Common Stock, as reported by the OTC Bulletin Board or the National
Quotation Bureau, Incorporated, or similar publisher of such quotations. If the
Closing Bid Price cannot be determined pursuant to the above, the Closing Bid
Price shall be such price as the Board of Directors of the Company shall
determine in good faith with reference to available established market and
industry criteria.

         (c) Adjustments.

                  (i) If the outstanding shares of Common Stock at any time
         while this Note remains outstanding shall be subdivided or split into a
         greater number of shares, or a dividend in Common Stock shall be paid
         in respect of Common Stock, the Conversion Price in effect immediately
         prior to such subdivision or split or at the record date of such
         dividend shall, simultaneously with the effectiveness of such
         subdivision or split or immediately after the record date of such
         dividend (as the case may be) shall be proportionately decreased. If
         the outstanding shares of Common Stock shall be combined or
         reverse-split into a smaller number of shares, the Conversion Price in
         effect immediately prior to such combination or reverse split shall,
         simultaneously with the effectiveness of such combination or reverse
         split, be proportionately increased.

                  (ii) In case of any reclassification or reorganization of the
         outstanding shares of Common Stock other than a change covered by
         Section 3.1(c)(i) above or which solely affects the par value of such
         shares of Common Stock, or in the case of any merger or consolidation
         of the Company with or into another corporation (other than a
         consolidation or merger in which the Company is the continuing
         corporation and which does not result in any reclassification or
         reorganization of the outstanding shares of Common Stock), or in the
         case of any sale or conveyance to another corporation or entity of the
         property of the Company as an entirety or substantially as an entirety
         in connection with which the Company is dissolved, the Holder shall
         have the right thereafter to receive upon the conversion hereof, for
         the same aggregate Conversion Price payable hereunder immediately prior
         to such event, the kind and amount of shares of stock or other
         securities or property (including cash) receivable upon such
         reclassification, reorganization, merger or consolidation, or upon a
         dissolution following any such sale or other transfer, by a Holder of
         the number of shares of Common Stock of the Company obtainable upon
         conversion of this Note immediately prior to such event. The provisions
         of this Section 3.1(c)(ii) shall similarly apply to successive
         reclassifications, reorganizations, mergers or consolidations, sales or
         other transfers.

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         (d) In each case of an adjustment of the Conversion Price of the number
of shares of Common Stock or other securities issuable upon conversion of this
Note, the Company, at its expense, shall compute such adjustment in accordance
with the provisions hereof and prepare a certificate showing such adjustment,
and shall mail such certificate, by first class mail, postage prepaid, to the
Holder at its address for notice under this Note. The certificate shall set
forth such adjustment, showing in detail the facts upon which such adjustment is
based setting forth the new Conversion Price resulting from the adjustment, and
the type and amount, if any, of other properly which at the time would be
received upon conversion of the this Note.

         (e) Upon (i) any taking by the Company of a record of the holders of
any class of securities for the purpose of determining the holders thereof who
are entitled to receive any dividend or other distribution, or (ii) any capital
reorganization of the Company, any reclassification or recapitalization of the
capital stock of the Company, any merger or consolidation of the Company with or
into any other Person, or any voluntary or involuntary dissolution, liquidation
or winding up of the Company, the Company shall mail to the Holder 20 days prior
to the record date specified therein a notice specifying (A) the date on which
any such record is to be taken for the purpose of such dividend or distribution
and a description of such dividend or distribution, (B) the date on which any
such reorganization, reclassification, transfer, consolidation, merger,
dissolution, liquidation or winding up is expected to become effective, and (C)
the date, if any, that is to be fixed as to when the holders of record of Common
Stock (or other securities) shall be entitled to exchange their shares of Common
Stock (or other securities) for securities or other property deliverable upon
such reorganization, reclassification, transfer, consolidation, merger,
dissolution, liquidation or winding up.

         3.2 Rights as Shareholder. The Holder is not entitled to any rights of
a holder of Common Stock under this Note until this Note is converted into
shares of Common Stock.

         3.3 Fractional Shares. The Company will issue cash in lieu of
fractional shares of Common Stock upon conversion of this Note.

         3.4 Taxes on Conversion. If the Holder converts this Note into shares
of Common Stock, the Company shall pay any documentary, stamp or similar issue
or transfer tax due on the issuance of shares upon such conversion. However, the
Holder shall pay any such tax which is due because the Holder requests the
shares to be issued in a name other than the Holders' name. The Company may
refuse to deliver the stock certificates representing the shares being issued in
a name other than the Holders' name until the Company receives a sum sufficient
to pay any tax which will be due because the shares are to be issued in a name
other than the Holder's name. Nothing herein shall preclude any tax withholding
required by law or regulations.

         3.5 Reservation of Conversion Shares. The Company shall, prior to
issuance of this Note, and from time to time as may be necessary, reserve, out
of its authorized but unissued Common Stock a sufficient number of shares of
Common Stock to permit the conversion in full of this Note. All shares of Common
Stock delivered upon conversion of this Note shall be newly issued shares or
treasury shares, shall be duly authorized, validly issued, fully paid and
non-assessable and shall be free from preemptive rights and free of any lien or
adverse claim. The Company will endeavor promptly to comply with all federal and
state securities laws, if any, regulating the offer and delivery of the shares
of Common Stock or other securities upon conversion of this Note.

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         3.6 Legend on Conversion Shares. The shares of Common Stock issued upon
conversion of this Note shall bear the restrictive legend set forth below,
unless the Company receives a written opinion from counsel who is acceptable to
the Company to the effect that neither such legend nor such restrictions on
transfer are required to maintain compliance with the Securities Act:

         THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
         SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
         APPLICABLE STATE LAW. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD
         OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
         STATEMENT UNDER THE SECURITIES ACT, OR PURSUANT TO AN EXEMPTION FROM
         REGISTRATION UNDER THE SECURITIES ACT AND APPLICABLE STATE LAW.

SECTION 4.        COVENANTS

         4.1 Payment of the Note:

         (a) Interest. Interest on the principal amount of this Note shall
accrue at the noncompounded rate of 4% per annum. All interest shall be computed
on the basis of the actual number of days elapsed. Unless converted into shares
of Common Stock of the Company prior thereto as provided herein, accrued
interest on this Note shall be due and payable, in arrears, as of the last day
of each September, December, March and June prior to the Maturity Date (as
defined below), provided, that if such day falls on a Legal Holiday, such
interest shall be due instead on the next Business Day.

         (b) Principal. To the extent not previously converted into shares of
Common Stock or repaid prior to such date as provided or permitted herein, the
principal amount of this Note, together with all accrued and unpaid interest
thereon, shall be due and payable on June 25, 2008 (the "Maturity Date"). If the
principal is not paid when due hereunder, whether by reason of acceleration or
on the Maturity Date, interest on such unpaid principal shall accrue from its
due date until paid at the rate of 10% per annum.

         (c) Method of Payment. The Borrowers shall pay to the Holder, by wire
transfer to an account specified in writing by the Holder, in U.S. Legal Tender
principal and interest on the Note when called for herein as of the close of
business on the date of such payment. All payments hereunder shall be applied,
first, to accrued interest and, next, to principal. The Borrowers shall
accurately reflect on their books and records all payments of interest and
principal on this Note, and the Borrowers' records in this regard shall be
presumed correct absent manifest error.

         4.2 Nonrecourse Provisions. The Borrowers' obligations to pay the
principal amount of this Note and interest thereon accruing after the Maturity
Date shall be non-recourse to the Company, and the Holder shall have no right or
remedy against the Company for nonpayment of the principal amount of this Note
or any interest thereon accruing after the Maturity Date except the Holder's
rights and remedies as secured party with respect to the Company's membership
interest in the LLC and the proceeds thereof afforded by the Security
Agreements. Nothing in this Section 4.2 or any other provision of this Note
shall limit or affect the Holder's recourse against the Company for payment of
interest on this Note accruing from the date hereof up to the Maturity Date or
the conversion rights under Section 3 or other rights against the Borrowers for
performance of the Borrowers' obligations under this Note other than the
obligation to pay the principal amount hereof and interest thereon accruing
after the Maturity Date.

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         4.3 [Intentionally Omitted]

         4.4 Existence. Subject to Section 5, the Borrowers shall do or cause to
be done all things necessary to preserve and keep in full force and effect their
legal existence in accordance with its organizational documents (charter and
statutory) and franchise.

         4.5 [Intentionally Omitted]

         4.6 Waiver of Stay, Extension or Usury Laws. Each of the Borrowers
covenant (to the extent that it may lawfully do so) that it will not at any time
insist upon, plead, or in any manner whatsoever claim or take the benefit or
advantage of, any stay or extension law or any usury law or other law wherever
enacted which would prohibit or forgive it from paying all or any portion of the
principal of or interest on this Note as contemplated herein, wherever enacted,
now or at any time hereafter in force, or which may affect the covenants or the
performance of this Note; and (to the extent that it may lawfully do so). Each
of the Borrowers hereby expressly waives all benefit or advantage of any such
law insofar as such law applies to this Note.

         4.7 [Intentionally Omitted]

SECTION 5.        SUCCESSOR

5.1 When Borrowers May Merge, Etc. Subject to Sections 3.1(c)(ii) and 7.1,
neither of the Borrowers may, in a single transaction or through a series of
related transactions, consolidate with or merge with or into any other Person,
or, directly or indirectly, sell, lease, assign, transfer or convey (by way of
liquidation, dissolution, winding up, or otherwise) all or substantially all of
its properties and assets as an entirety or substantially as an entirety
(computed on a consolidated basis) to another Person or group or affiliated
Persons, unless such Borrower shall be the continuing Person, or the Person (if
other than such Borrower) formed by such consolidation or into which such
Borrower is merged or to which all or substantially all of the properties and
assets of such Borrower is transferred as an entirety or substantially as an
entirety (the Company or such other person being hereinafter referred to as the
"Surviving Person") shall be an entity organized and validly existing under the
laws of the United States, any State thereof or the District of Columbia, and
shall expressly assume in writing all the obligations of such Borrower under
this Note.

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SECTION 6.        EVENTS OF DEFAULT AND REMEDIES

         6.1 Events of Default. "Event of Default," wherever used herein, means
any one of the following events (whatever the reason for such Event of Default
and whether it shall be caused voluntarily or involuntarily or effected, without
limitation, by operation of law or pursuant to any judgment, decree or order of
any court of any order, rule or regulation of any administrative or governmental
body):

         (a) default in the payment of any principal or interest upon this Note
as and when the same becomes due and payable, and the continuance of such
default for a period of three Business Days;

         (b) default in the observance or performance of, or breach of, any
covenant, agreement or warranty of the Borrowers contained in this Note, and
continuance of such default or breach for a period of 30 days after there has
been given, by registered or certified mail, to the Borrowers by the Holder, a
written notice specifying such default or breach, requiring it to be remedied
and stating that such notice is a "Notice of Default" hereunder;

         (c) a decree, judgment, or order by a court of competent jurisdiction
shall have been entered adjudging either of the Borrowers as bankrupt or
insolvent, or approving as properly filed a petition seeking reorganization of
the Borrowers under any bankruptcy or similar law, and such decree of order
shall have continued undischarged and unstayed for a period of 60 days; or a
decree or order of a court of competent jurisdiction ordering the appointment of
a receiver, liquidator, trustee, or assignee in bankruptcy or insolvency of the
Borrowers, or for the winding up or liquidation of the affairs of the Borrowers,
shall have been entered, and such decree, judgment, or order shall have remained
in force undischarged and unstayed for a period of 60 days; or

         (d) Either of the Borrowers shall institute proceedings to be
adjudicated a voluntary bankrupt, or shall consent to the filing of a bankruptcy
proceeding against it, or shall file a petition or answer or consent seeking
reorganization under any bankruptcy or similar law or similar statute, or shall
consent to the filing of any such petition, or shall consent to the appointment
of a custodian, receiver, liquidator, trustee, or assignee in bankruptcy or
insolvency of it or any of its assets or property, or shall make a general
assignment for the benefit of creditors, or shall admit in writing its inability
to pay its debts generally as they become due.

         The Borrowers shall deliver to the Holder, within ten days of the
occurrence thereof, written notice of any Default (other than a Default of the
sort referred to in clause (a) above), which describes the status of such
Default and the action the Borrowers are taking or propose to take with respect
thereto.

         6.2 Acceleration of Maturity Date; Rescission and Annulment. If an
Event of Default (other than an Event of Default specified in Section 6.1(c) or
(d)) occurs and is continuing, then, and in every such case, unless the
principal amount of this Note shall have already become due and payable, the
Holder, by a notice in writing to the Borrowers (an "Acceleration Notice"), may
declare the Outstanding Balance to be due and payable immediately. If an Event
of Default specified in Section 6.1(c) or (d) occurs, the Outstanding Balance
ipso facto shall become and be immediately due and payable without any
declaration or other act on the part of the Holder.

         6.3 Rights and Remedies Cumulative. Except as otherwise provided with
respect to the replacement or payment of a mutilated, destroyed, lost or stolen
Note and except as provided in Section 4.2, no right or remedy herein conferred
upon or reserved to the Holder is intended to be exclusive of any other right or
remedy, and every right and remedy shall, to the extent permitted by law, be
cumulative and in addition to every other right and remedy given hereunder or
now or hereafter existing at law or in equity or otherwise. The assertion or
employment of any right or remedy hereunder, or otherwise, shall not prevent the
concurrent assertion or employment of any other appropriate right or remedy.

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         6.4 Delay or Omission Not Waiver. No delay or omission by the Holder to
exercise any right or remedy arising upon any Event of Default shall impair the
exercise of any such right or remedy or constitute a waiver of any such Event of
Default. Every right and remedy given by this Section 6 or by law to the Holder
may be exercised from time to time, and as often as may be deemed expedient, by
the Holder.

SECTION 7.        PREPAYMENT

         7.1 Mandatory Prepayment.

         (a) The Holder may, at its option upon notice to the Borrowers at any
time or from time to time, require the Borrowers to prepay all of any portion of
the principal amount of this Note, plus accrued and unpaid interest thereon to
the prepayment date, under the following circumstances:

                  (i) on or after the occurrence of an Organic Change; and

                  (ii) on or after the dissolution of the LLC in accordance with
any of subparagraphs (a), (b), (c) and (e) of Section 9.1 of the LLC Agreement.

         (b) The Company shall notify the Holder not less than 30 days in
advance of any proposed Organic Change, and shall not consummate such Organic
Change unless such notice shall have been duly given and such 30-day period has
expired. In the event the Holder elects to have this Note prepaid as provided in
Section 7.1(a), the prepayment amount shall be paid in cash within ten Business
Days after notice of prepayment is duly received by the Borrowers; provided,
however, that the Holder shall have the right to convert this Note into shares
of Common Stock as provided herein, or to rescind its prepayment election upon
notice to the Borrowers, at any time during such ten Business Day-period.

         7.2 Voluntary Prepayment. The Borrowers, may, at their option, prepay
all or any portion of the principal amount of this Note, plus accrued and unpaid
interest thereon to the prepayment date, upon not less than 30 days prior
written notice to the Holder; provided, however, that the Holder shall have the
right to convert this Note into shares of Common Stock as provided herein at any
time prior to the prepayment date.

SECTION 8.        MISCELLANEOUS

         8.1 Successors and Assigns. The terms and conditions of this Note shall
inure to the benefit of and be binding upon the respective successors and
assigns of the parties. Nothing in this Note, express or implied, is intended to
confer upon any party other than the parties hereto or their respective
successors and assigns any rights, remedies, obligations, or liabilities under
or by reason of this Note, except as expressly provided in this Note.

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         8.2 Governing Law. This Note shall be governed by and construed under
the laws of the State of California as applied to agreements entered into and to
be performed entirely within California.

         8.3 Titles and Subtitles. The titles and subtitles used in this Note
are used for convenience only and are not to be considered in construing or
interpreting this Note.

         8.4 Notices. Any notice, authorization, request or demand required or
permitted to be given hereunder shall be in writing and shall be deemed to have
been duly given when received by an overnight delivery service or when sent by
facsimile addressed as follows:

      to the Borrowers:
                                            c/o First Look Media, Inc.
                                            8000 Sunset Boulevard
                                            Penthouse E
                                            Los Angeles, California 90046
                                            Attention:      William F. Lischak
                                            Facsimile:      (323) 855-0719

      to the Holder:
                                            Seven Hills Pictures, LLC
                                            1041 North Formosa Avenue
                                            West Hollywood, California 90046
                                            Attention:      Reverge Anselmo
                                            Facsimile:      (323) 850-3887

         8.5 Severability. If one or more provisions of this Note are held to be
unenforceable under applicable law, such provision shall be excluded from this
Note and the balance of this Note shall be interpreted as if such provision were
so excluded and shall be enforceable in accordance with its terms.

         8.6 Attorneys' fees. If any action at law or equity, including an
action for declaratory relief, is brought to enforce or interpret any provision
of this Note, the prevailing party shall be entitled to recover reasonable
attorneys' fees and expenses from the other party, which fees and expenses shall
be in addition to any other relief which may be awarded.

         8.7 Noncircumvention. Neither of the Borrowers will, by amendment of
its charter or through reorganization, consolidation, merger, dissolution, sale
of assets or any other voluntary action, avoid or seek to avoid the observance
or performance of any of the terms of this Note, but will at all times in good
faith assist in the carrying out of all such terms and in the taking of all such
action as may be necessary or appropriate in order to protect the rights of the
Holder against impairment.

         8.8 Waiver of Demand for Payment, etc. The Borrowers waive demand for
payment, presentment for payment, protest, notice of protest, notice of
dishonor, notice of nonpayment, notice of acceleration of maturity and diligence
in taking any action to collect sums owing under this Note.

                            [SIGNATURE PAGE FOLLOWS]

                                       11

<Page>

         IN WITNESS WHEREOF, each of the Borrowers has caused this Note to be
executed on its behalf by its duly authorized officer.

                                    FIRST LOOK MEDIA, INC.

                                    By: /s/ Christopher Cooney
                                       ----------------------------------
                                       Name:      Christopher Cooney
                                       Title:     Chief Executive Officer

                                    FIRST LOOK/SEVEN HILLS LLC

                                    By:   First Look Media, Inc.,
                                          Its Member

                                           By: /s/ Christopher Cooney
                                              ----------------------------
                                              Name:   Christopher Cooney
                                              Title:  Chief Executive Officer

                                    By:   Seven Hills Pictures, LLC,
                                          Its Member

                                           By: /s/  Reverge Anselmo
                                              ----------------------------
                                              Name:     Reverge Anselmo
                                              Title:    Manager

                                       12

<Page>

                                CONVERSION NOTICE

         (To be executed only upon the conversion of the attached Note)

         The undersigned holder of a Secured Convertible Promissory Note due
June 25, 2008 (the "Note") issued by FIRST LOOK MEDIA, INC., a Delaware
corporation (the "Company"), and FIRST LOOK/SEVEN HILLS LLC, a Delaware limited
liability company, hereby submits the Note for conversion, in the manner set
forth below, into shares of the Company's common stock:

To convert the Note into Common Stock of the Company, check the box: |_|

To convert less than all of the "Outstanding Balance" (as defined in the Note),
specify the amount to be converted:  $                .
                                      ----------------

If you want the stock certificate made out in another person's name, fill in the
form below:

(insert other person's social security or tax I.D. number)

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

(Print or type other person's name, address and zip code)

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

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

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

Date:

Your Signature:(1)

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

Signature guaranteed by:(2)

By:
   ------------------------------------------------------

(1)     Sign exactly as your name appears on the Note.
(2)      The signature must be guaranteed by a bank, a trust company or a member
         firm of the New York Stock Exchange.Exhibit 10.30

                          PLEDGE AND SECURITY AGREEMENT
                                ----------------

         THIS PLEDGE AND SECURITY AGREEMENT (this "Agreement") is entered into
as of June 25, 2002, by FIRST LOOK MEDIA, INC., a Delaware corporation
("Debtor"), with its chief executive office located at 8800 Sunset Boulevard,
Penthouse E, Los Angeles, California 90046, in favor of SEVEN HILLS PICTURES,
LLC, a Connecticut limited liability company, with an office at 1041 North
Formosa Avenue, West Hollywood, California 90046 ("Secured Party"), with
reference to the following facts:

                                    RECITALS:

         A. In connection with the transactions contemplated by the Securities
Purchase Agreement, dated as of May 20, 2002, between the Debtor and the Secured
Party (the "Purchase Agreement"), Debtor has requested that Secured Party extend
to Debtor and First Look/Seven Hills LLC, a Delaware limited liability company
(the "LLC"), certain credit accommodations pursuant to a Secured Convertible
Promissory Note due June 25, 2008, of even date herewith, of Debtor and the LLC
in the principal amount of $2,000,000 (the "Promissory Note").

         B. Debtor will contribute to the capital of the LLC the proceeds of the
Secured Party's credit accommodations pursuant to the Promissory Note.

         C. As security for, among other obligations, Debtor's obligations under
the Promissory Note, Debtor has agreed to grant to Secured Party a security
interest in all of Debtor's right, title and interest in and to its membership
interest in the LLC (the "LLC Interest") and all proceeds thereof as described
herein.

                                   AGREEMENT:

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Debtor agrees with Secured Party
as follows:

SECTION 1. PLEDGE AND SECURITY INTEREST

1.1 Pledge and Security Interest. As security for the Obligations (as defined in
Section 1.2), Debtor hereby pledges and grants to Secured Party a security
interest (the "Security Interest") in the following (the "Collateral"):

         (a) the LLC Interest, any certificates or instruments representing the
LLC Interest and other rights, contractual and otherwise, in respect thereof;
and

         (b) all proceeds of all of the foregoing.

<Page>

1.2 Obligations Secured. This Agreement is given for the purpose of securing, in
such order of priority as Secured Party may elect, the following obligations
(the "Obligations") to Secured Party:

         (a) Payment of the indebtedness evidenced by the Promissory Note, and
any renewals, amendments, restatements or replacements thereof, according to the
terms thereof;

         (b) Performance and observation of all agreements, warranties,
covenants and conditions contained in the Promissory Note; and

         (c) Performance and observation of all agreements, warranties,
covenants and conditions contained in this Agreement.

SECTION 2. REPRESENTATIONS, WARRANTIES AND COVENANTS

2.1 Representations, Warranties and Covenants of Debtor. Debtor hereby
represents, warrants, covenants and agrees with Secured Party that:

         (a) Debtor is a corporation duly organized, validly existing and in
good standing under the laws of the State of Delaware with Debtor's location at
the address of Debtor set forth in the first paragraph above, and is duly
qualified and in good standing and authorized to do business in all
jurisdictions wherein the location and nature of the properties used or
business, as the same is presently or proposed to be conducted, make such
qualification necessary, except for those jurisdictions where the failure to be
so qualified or in good standing, as the case may be, would not, individually or
in the aggregate, have a material adverse effect on the Debtor. Debtor has no
trade name or style other than the fictitious names listed on Schedule I
attached hereto.

         (b) Debtor has all requisite power and authority to execute, deliver
and perform this Agreement. This Agreement has been duly executed and delivered
by Debtor and constitutes a legal, valid and binding obligation of Debtor,
enforceable against Debtor in accordance with its terms, subject only to
applicable bankruptcy, insolvency, reorganization and other similar laws of
general application affecting the rights of creditors and by general principles
of equity.

         (c) No authorization or approval or other action by or notice to or
filing with any governmental authority or any regulatory body and no consent of
any other person is required for the due execution, delivery and performance by
Debtor of this Agreement other than the "Required Approvals" (as defined in the
Purchase Agreement) and other than filings, notifications and consents which, if
not given or made, could not reasonably be expected to have, individually or in
the aggregate, a material adverse effect on the business, operations or assets
of Debtor or which would be reasonably expected to diminish the value of the
Collateral.

                                       2
<Page>

         (d) The execution and delivery of this Agreement, and the performance
of its terms, will not result in any violation of or constitute a default under
the terms of any agreement or other instrument, license, judgment, order,
statute, ordinance or other governmental rule or regulation, applicable to
Debtor or the Collateral that would have a material adverse effect on the
business, operations or assets of Debtor or which would be reasonably expected
to diminish the value of the Collateral. Upon its execution and delivery, this
Agreement shall create an enforceable and valid lien and security interest in
the Collateral.

         (e) Debtor has good legal and beneficial title to the Collateral, free
and clear of all mortgages, security interests, liens and encumbrances other
than the lien and security interest created under that certain Credit, Security,
Guaranty and Pledge Agreement dated as of June 20, 2000, as amended (the "Chase
Credit Agreement"), securing the payment and performance by Debtor for borrowed
money of Debtor.

         (f) Debtor shall not sell, transfer, assign or otherwise dispose of any
Collateral or any interest therein without obtaining the prior written consent
of Secured Party. Debtor shall not execute any financing statement or security
agreement covering the type, kind or class of personal property covered hereby,
except in connection with the lien and security interest under the Chase Credit
Agreement.

         (g) Debtor shall pay when due all taxes, assessments and other charges
that may be levied or assessed against the Collateral; provided, however, that
the Debtor shall not be required to pay any such tax, assessment, charge or levy
that is being contested in good faith by proper proceeding and adequate reserves
for the accrual of same are maintained if required by generally accepted
accounting principles.

         (h) Debtor shall keep adequate records concerning the Collateral and
Secured Party shall have free and complete access to Debtor's records and shall
have the right to make extracts therefrom or copies thereof.

         (i) Debtor, at its sole cost and expense, shall protect and defend this
Agreement, all of the rights of Secured Party hereunder and the Collateral
against all claims and demands of other parties. Debtor shall pay all claims and
charges that in the reasonable judgment of Secured Party might prejudice,
imperil or otherwise affect the Collateral or the Security Interest. Debtor
shall promptly notify Secured Party of any levy, distraint or other seizure by
legal process or otherwise of any part of the Collateral and of any threatened
or filed claims or proceedings that might in any way affect or impair the terms
of this Agreement.

         (j) The Security Interest, at all times, shall be perfected and shall
be prior to any other interests in the Collateral other than the lien and
security interest under the Chase Credit Agreement. Debtor shall execute and
deliver to Secured Party and Secured Party shall file all security agreements,
financing statements, continuation statements and other documents deemed
necessary by Secured Party to establish, maintain and continue the perfected
Security Interest. Debtor, on demand, shall promptly pay all costs and expenses
of filing and recording, including the costs of any searches, deemed necessary
by Secured Party from time to time to establish and determine the validity and
the continuing priority of the Security Interest.

         (k) All rights, powers and remedies granted Secured Party herein, or
otherwise available to Secured Party, are for the sole benefit and protection of
Secured Party, and Secured Party may exercise any such right, power or remedy at
its option and in its sole and absolute discretion without any obligation to do
so. In addition, if under the terms hereof, Secured Party given two or more
alternative courses of action, Secured Party may elect any alternative or
combination of alternatives at its option and in its sole and absolute
discretion.

                                       3
<Page>

         (l) All certificates and instruments currently representing the LLC
Interest shall be delivered to Secured Party on or prior to the execution and
delivery of this Agreement. All other certificates and other instruments
constituting Collateral from time to time shall be delivered to Secured Party
promptly upon the receipt thereof by or on behalf of Debtor. All such
certificates and instruments shall be held by Secured Party pursuant hereto and
shall be delivered in suitable form for transfer by delivery or shall be
accompanied by duly executed instruments of transfer or assignment in blank, all
in form and substance reasonably satisfactory to Secured Party.

SECTION 3. VOTING RIGHTS, DIVIDENDS, ETC., IN RESPECT OF THE COLLATERAL

         (a) So long as no "Event of Default" (as defined below) shall have
occurred and be continuing:

                  (i) Debtor may exercise any and all voting and other
consensual rights pertaining to any Collateral for any purpose not inconsistent
with the terms of this Agreement; and

                  (ii) Debtor may receive and retain any and all distributions
paid in cash with respect of the Collateral.

         (b) Upon the occurrence and during the continuance of a Event of
Default;

                  (i) all rights of Debtor to exercise the voting and other
consensual rights which it would otherwise be entitled to exercise pursuant to
paragraph (i) of subsection (a) of this Section 3, and to receive the
distribution which it would otherwise be authorized to receive and retain
pursuant to paragraph (ii) of subsection (a) of this Section 3, shall cease, and
all such rights shall thereupon become vested in Secured Party, who shall
thereupon have the sole right to exercise such voting and other consensual
rights and to receive and hold as Collateral such distributions.

                  (ii) without limiting the generality of the foregoing, the
Debtor may, at its option, exercise any and all rights, privileges or options
pertaining to any of the Collateral as if it were the absolute owner thereof,
including, without limitation, the right to exchange, in its discretion, any and
all of the Collateral upon the merger, consolidation, reorganization,
recapitalization or other adjustment of the LLC, or upon the exercise by the LLC
of any right, privilege or option pertaining to any Collateral, and, in
connection therewith, to deposit and deliver any and all of the Collateral with
any committee, depository, transfer agent, registrar or other designated agent
upon such terms and conditions as it may determine; and

         (c) all distributions which are received by Debtor contrary to the
provisions of paragraph (i) of this Section 3(b) shall be received in trust for
the benefit of Secured Party, shall be segregated from other funds of Debtor,
and shall be forthwith paid over to Secured Party in the exact form received
with any necessary endorsement and/or appropriate stock powers duly executed in
blank, to be held by Secured Party as Collateral and as further collateral
security for the Obligations.

                                       4
<Page>

SECTION 4. Additional Provisions Concerning the Collateral.

         (a) Upon the occurrence and during the continuance of an Event of
Default, Debtor hereby irrevocably appoints Secured Party as Debtor's
attorney-in-fact and proxy, with full authority in the place and stead of the
Debtor and in name of Debtor or otherwise, from time to time in Secured Party's
discretion, to take any action and to execute any instrument which Secured Party
as Debtor's attorney-in-fact and proxy may deem necessary or advisable to
accomplish the purposes of this Agreement (subject to the rights of Debtor under
Section 3(a) hereof), including, without limitation, to receive, endorse and
collect all instruments made payable to Debtor representing any dividend or
other distribution in respect of any Collateral and to give full discharge for
the same.

         (b) If Debtor fails to perform any agreement or obligation contained
herein, Secured Party itself may perform, or cause performance of, such
agreement or obligation, and the expenses of Debtor incurred in connection
therewith shall be payable by Debtor.

SECTION 5. EVENT OF DEFAULT; REMEDIES

5.1 Event of Default. The occurrence of any of the following events or
conditions shall constitute and is hereby defined to be an "Event of Default":

         (a) A default or violation shall occur in the performance of any of the
obligations of Debtor under Section 2;

         (b) A default or violation in the performance of Debtor's obligations
under this Agreement (other than a default or violation referred to elsewhere in
this Section 5) which continues unremedied (i) for a period of ten Business Days
(as defined below) after notice of such default or violation to Debtor in the
case of any default or violation which can be cured by the payment of money
alone or (ii) for a period of 20 Business Days after notice to Debtor in the
case of any other default or violation;

         (c) Any levy, execution upon or judicial seizure of any portion of the
Collateral or the institution of any legal action or proceeding affecting
Debtor's or Secured Party's interest in the Collateral;

         (d) The occurrence of an "Event of Default" as defined in the
Promissory Note; or

         (e) The occurrence of an "Event of Default" as defined in the Security
Agreement, of even date herewith, from the LLC in favor of Secured Party.

As used herein, the term "Business Day" means any day other than a Saturday,
Sunday or a day on which banks in California are required to close.

                                       5
<Page>

5.2 Remedies. Upon the occurrence of any Event of Default, and at any time while
such Event of Default is continuing, Secured Party shall be entitled to do one
or more of the following, and only one or more of the following:

         (a) Without notice or demand and without legal process, take possession
of the Collateral wherever found;

         (b) Upon obtaining possession of the Collateral or any part thereof,
after notice to Debtor as provided in Section 5.3, sell such Collateral at
public or private sale either with or without having such Collateral at the
place of sale;

         (c) The proceeds of any sale of all or any part of the Collateral shall
be applied as follows:

                  (i) First, to the payment of the reasonable costs and
expenses, including reasonable attorneys' fees and legal expenses, incurred by
Secured Party in connection with (A) the administration of this Agreement, (B)
the custody, preservation, use of operation of, or the sale of, collection from,
or other realization upon, the Collateral, (C) the exercise or enforcement of
any of the rights of Secured Party hereunder or (D) the failure of Debtor to
perform or observe any of the provisions hereof;

                  (ii) Second, to the payment of the unpaid portion of the
Obligations; and

                  (iii) Third, the surplus proceeds, if any, to Debtor or to
whomsoever shall be lawfully entitled to receive the same or as a court of
competent jurisdiction shall direct; and

         (d) Secured Party or its affiliates, so far as may be lawful, may
purchase all or any part of the Collateral offered at any public or private sale
made in the enforcement of Secured Party's rights and remedies hereunder.

5.3 Notice of Sale and Foreclosure Sale. Secured Party shall give to Debtor
notice of any sale or other disposition of all or any part of the Collateral as
required by law. Debtor agrees that notice and demand shall be deemed to be
commercially reasonable and effective if such notice is given to Debtor at least
ten Business Days prior to such sale or other disposition in the manner provided
herein for the giving of notices. At any sale hereunder by Secured Party or
pursuant to a judicial decree, the Collateral may be sold as a unit or in
parcels, at Secured Party's sole discretion, and Secured Party may be the
purchaser at any such sale and hold said properties and rights thereafter free
from claim of Debtor. At any such sale it shall not be necessary, and Debtor
hereby waives any right to require, that the Collateral be present at the sale
or in view of the prospective purchasers or that the person conducting the sale
have actual physical possession thereof, and Debtor agrees that all of Debtor's
interest in the Collateral wheresoever located, shall pass upon such sale with
like effect as if the same were present and in the possession of the person
conducting such sale and were physically delivered to the purchaser at such
sale. Debtor further agrees that the possession of Debtor of the Collateral or
any of the same shall be deemed the possession of the person conducting such
sale. The recitals in any judicial decree or Certificate of Sale made
thereunder, shall be conclusive proof of the truthfulness of any matters or
facts stated therein, whether set forth in specific or general terms or as
conclusions of law or fact. There shall be deducted from the proceeds of any
such sale all costs and expenses incurred therein, including reasonable
attorneys' fees and commissions, and the net proceeds thereof shall be paid to
Secured Party for application on the Liabilities, the surplus, if any, to be
paid to the person or persons legally entitled thereto.

                                       6
<Page>

5.4 Costs and Expenses. Debtor shall pay all costs and expenses, including
without limitation, costs of Uniform Commercial Code searches, court costs and
reasonable attorney's fees and expert witness fees, incurred by Secured Party in
enforcing payment and performance of the Obligations or in exercising the rights
and remedies of Secured Party hereunder. All such costs and expenses shall be
secured by this Agreement and all other lien and security documents securing the
Obligations. In the event of any court proceedings, court costs and attorneys'
fees shall be set by the court and not by jury and shall be included in any
judgment obtained by Secured Party.

5.5 Uniform Commercial Code. Subject to Section 5.6, in addition to the remedies
provided herein, in an Event of Default, Secured Party shall have all the rights
and remedies afforded a secured party under the Uniform Commercial Code. No
failure on the part of Secured Party to exercise any of their rights hereunder
arising upon any Event of Default shall be construed to prejudice its rights
upon the occurrence of any other or subsequent Event of Default. No delay on the
part of Secured Party in exercising any such rights shall be construed to
preclude it from the exercise thereof at any time while that Event of Default is
continuing. Subject to Section 5.6, Secured Party may enforce any one or more
remedies or rights hereunder successively or concurrently. By accepting payment
or performance of any of the obligations after its due date, Secured Party shall
not thereby waive the agreement contained herein that time is of the essence,
its right to require prompt payment or performance when due of the remainder of
the Obligations, or its right to consider the failure to so pay or perform an
Event of Default.

5.6 Nonrecourse to Debtor. Secured Party acknowledges and agrees that it shall
have no rights or remedies against Debtor in an Event of Default other than as
set forth in this Section 5. Without limiting the generality of the foregoing,
Secured Party shall have no recourse against Debtor or any of its property or
assets (other than the Collateral) for any deficiency.

SECTION 6. MISCELLANEOUS PROVISIONS

6.1 Other Security. The acceptance of this Agreement by Secured Party shall not
be considered a waiver of or in any way to affect or impair any other security
that Secured Party may have, acquire simultaneously herewith, or hereafter
acquire for the payment or performance of the Obligations, and the taking by
Secured Party at any time of any such additional security shall not be construed
as a waiver of or in any way to affect or impair the Security Interest. Secured
Party may resort, for the payment or performance of the Obligations, to any
collateral in such order and manner as it may determine.

                                       7
<Page>

6.2 Extensions of Time. Without notice or demand, without affecting the
obligations of Debtor hereunder or the personal liability of any person for
payment or performance of the Obligations, and without affecting the Security
Interest or the priority thereof, Secured Party, from time to time may extend
the time for payment of all or any part of the Obligations owed to it.

6.3 Rights of Secured Party. Without notice or demand, without affecting the
obligations of Debtor hereunder or the personal liability of any person for the
payment or performance of the Obligations, and without affecting the Security
Interest or the priority thereof, Secured Party from time to time may: (i)
accept a renewal note for the Promissory Note, reduce the payments thereon,
release any person liable for all or any part thereof or otherwise change the
terms thereof or of all or any part of any of the Obligations; (ii) take and
hold other security for the payment or performance of the Obligations and
enforce, exchange, substitute, subordinate, waive or release any such security;
(iii) join in any extension or subordination agreement; or (iv) release any part
of the Collateral from the Security Interest.

6.4 Waiver. Debtor waives and agrees not to assert: (i) any right to require
Secured Party to proceed against any guarantor, to proceed against or exhaust
any other security for the obligations, to pursue any other remedy available to
Secured Party, or to pursue any remedy in any particular order or manner; (ii)
the benefits of any legal or equitable doctrine or principle of marshalling;
(iii) the benefits of any statute of limitations affecting the enforcement
hereof; (iv) demand, diligence, presentment for payment, protest and demand, and
notice of extension, dishonor, protest, demand and nonpayment, relating to the
Obligations; and (v) any benefit of, and any right to participate in, any other
security now or hereafter held by Secured Party.

6.5 Possession. Until an Event of Default, Debtor may retain possession of the
Collateral and may use it in any lawful manner consistent with this Agreement.

6.6 Construction; Severability. The terms herein shall have the meanings in and
be construed under the Uniform Commercial Code of the State of California. Each
provision of this Agreement shall be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this Agreement
is held to be void or invalid, the same shall not affect the remainder hereof
which shall be effective as though the void or invalid provision had not been
contained herein.

6.7 Modification, Waiver, etc. No modification, rescission, waiver, release or
amendment of any provision of this Agreement shall be made except by a written
agreement subscribed by Debtor and Secured Party.

6.8 Term. This Agreement shall remain in full force and effect until all of the
Obligations shall have been paid and performed in full.

6.9 Setoff. No setoff or claim that Debtor now has or may in the future have
against Secured Party shall relieve Debtor from paying or performing the
Obligations.

6.10 Time. Time is of the essence hereof.

                                       8
<Page>

6.11 Successors and Assigns. This Agreement shall be binding upon, and shall
inure to the benefit of, the parties hereto and their heirs, personal
representatives, successors and assigns. The term "Secured Party" shall include
not only the original Secured Party hereunder, but also its successors and
assigns, including without limitation, any future owner and holder, including
pledgee, of the Promissory Note. The provisions hereof shall apply to the
parties according to the context thereof and without regard to the number or
gender of words or expressions used.

6.12 Notice. Any notice required or permitted under this Agreement shall be
given in writing and shall be deemed effective upon personal delivery to the
party to be notified or, if sent by telex or telecopier, upon receipt of the
correct answer back, or upon deposit with the United States Post Office, by
registered or certified mail, or upon deposit with an overnight air courier, in
each case postage prepaid and addressed to the party to be notified at the
address indicated for such party in the introduction to this Agreement, or at
such other address as such party may designate by ten days' advance written
notice to the other party.

6.13 Financing Statement. Debtor hereby authorizes Secured Party to prepare and
file, or refile, any and all financing statements, or renewals or replacements
thereof, necessary or appropriate, in Secured Party's discretion, to perfect or
reflect of record the Security Interest. Debtor agrees that a photographic or
other reproduced copy of this Agreement or any financing statement relating
hereto shall be sufficient for filing and recording as a financing statement.

6.14 Governing Law. This Agreement and the rights, duties and obligations of the
parties hereto shall be governed by and construed in accordance with the
internal laws of the State of California and, to the extent they preempt the
laws of such state, the laws of the United States.

                            [SIGNATURE PAGE FOLLOWS]

                                       9
<Page>

         IN WITNESS WHEREOF, Debtor has caused this Agreement to be signed in
its name by its duly authorized officer.

                                         FIRST LOOK MEDIA, INC.

                                         By:  /s/ Christopher Cooney
                                            ------------------------------
                                              Name:    Christopher Cooney
                                              Title:   Chief Executive Officer

<Page>

                                   SCHEDULE I

                                FICTITIOUS NAMES

Corporate Name                                  Fictitious Name
----------------------                          -----------------------------
First Look Media, Inc.                          Overseas Filmgroup
                                                First Look Pictures
                                                First Look Home Entertainment
                                                First Look Artists

                                     1

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