Document:

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                                                                Exhibit 4.1(a)-1

                          FIRST SUPPLEMENTAL INDENTURE

                            dated as of July 22, 2003

                                      among

                               PEI HOLDINGS, INC.,

                           the Guarantor Party Hereto

                                       and

                                 BANK ONE, N.A.,
                                   as Trustee

                                   ----------

                        11% Senior Secured Notes due 2010

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     THIS FIRST SUPPLEMENTAL INDENTURE (this "SUPPLEMENTAL INDENTURE"), entered
into as of July 22, 2003, among PEI HOLDINGS, INC., a Delaware corporation (the
"COMPANY"), Andrita Studios, Inc., a California corporation (the "UNDERSIGNED"),
and Bank One, N.A., as trustee (the "TRUSTEE").

                                    RECITALS

     WHEREAS, the Company, the Guarantors party thereto and the Trustee entered
into the Indenture, dated as of March 11, 2003 (the "INDENTURE"), relating to
the Company's 11% Senior Secured Notes due 2010 (the "NOTES");

     WHEREAS, as a condition to the Trustee entering into the Indenture and the
purchase of the Notes by the Holders, the Company agreed pursuant to the
Indenture to cause any newly acquired or created Domestic Restricted
Subsidiaries to provide Guarantees.

                                    AGREEMENT

     NOW, THEREFORE, in consideration of the premises and mutual covenants
herein contained and intending to be legally bound, the parties to this
Supplemental Indenture hereby agree as follows:

     SECTION 1. Capitalized terms used herein and not otherwise defined herein
are used as defined in the Indenture.

     SECTION 2. The Undersigned, by its execution of this Supplemental
Indenture, acknowledges and agrees that it receives substantial benefits from
the Company and that such Undersigned is providing its Guarantee for good and
valuable consideration, including, without limitation, such substantial benefits
and services and, accordingly, such Undersigned agrees to be a Guarantor under
the Indenture and to be bound by the terms of the Indenture applicable to
Guarantors, including, but not limited to, Article 11 thereof.

     SECTION 3. This Supplemental Indenture shall be governed by and construed
in accordance with the laws of the State of New York.

     SECTION 4. The recitals herein contained are made by the Company and the
Undersigned and not by the Trustee, and the Trustee assumes no responsibility
for the correctness thereof. The Trustee makes no representation as to the
validity or sufficiency of this Supplemental Indenture.

     SECTION 5. This Supplemental Indenture may be signed in various
counterparts which together will constitute one and the same instrument.

     SECTION 6. This Supplemental Indenture is an amendment supplemental to the
Indenture and the Indenture and this Supplemental Indenture will henceforth be
read together.

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     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed as of the date first above written.

                                           PEI HOLDINGS, INC., as Issuer

                                           By:  /s/ Robert D. Campbell
                                               -------------------------------
                                               Name: Robert D. Campbell
                                               Title:   Treasurer

                                           ANDRITA STUDIOS, INC.

                                           By:  /s/ Robert D. Campbell
                                               -------------------------------
                                               Name: Robert D. Campbell
                                               Title:   Treasurer

                                           BANK ONE, N.A., as Trustee

                                           By:  /s/ George N. Reaves
                                               -------------------------------
                                               Name: George N. Reaves
                                               Title: Vice President<Page>

                                                                Exhibit 4.1(h)-1

                       FIRST AMENDMENT TO PLEDGE AGREEMENT

          This First Amendment to Pledge Agreement (this "Amendment") is dated
July 22, 2003. The undersigned hereby agree that this Amendment shall be
attached to the Pledge Agreement, dated as of March 11, 2003, between Playboy
Entertainment Group, Inc. and Bank One, N.A., as Trustee under the Indenture (as
amended from time to time, the "Pledge Agreement"; capitalized terms defined
therein being used herein as therein defined) and that, as of the date set forth
above and at all times thereafter, the shares listed below on this Amendment
shall be deemed to be part of the Pledged Collateral and shall secure all
Secured Obligations.

          In furtherance of the foregoing, to secure the payment and performance
of the Secured Obligations, the undersigned hereby pledges and hypothecates to
Trustee, for the benefit of Trustee and Holders, and grants to Trustee, for the
benefit of Trustee and Holders, a security interest in, the following:

          (a) the shares of stock outstanding of the corporation ("Issuer")
identified on SCHEDULE I hereto held by the undersigned (the "Pledged Shares")
and the certificates, if any, representing the Pledged Shares, and subject to
the proviso of Section 2(b) of the Pledge Agreement, all stock dividends, cash
dividends, cash, instruments, chattel paper and other rights, property or
proceeds and products from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of the Pledged Shares;

          (b) all additional shares of stock of Issuer at any time acquired by
the undersigned in any manner, and the certificates representing such additional
shares (and any such additional shares shall constitute part of the Pledged
Shares under this Amendment and the Pledge Agreement), and all stock dividends,
cash dividends, cash, instruments, chattel paper and other rights, property or
proceeds and products from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of such shares; and

          (c) all proceeds of any of the foregoing.

          This Amendment may be signed in various counterparts which together
will constitute one and the same instrument.

                                     PLAYBOY ENTERTAINMENT GROUP, INC.

                                     By  /s/ Robert D. Campbell
                                         ---------------------------------

                                     Its Treasurer
                                         ---------------------------------

                                     BANK ONE, N.A., as Trustee

                                     By  /s/ George N. Reaves
                                         ---------------------------------

                                     Its Vice President
                                         ---------------------------------

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                                   SCHEDULE I

<Table>

<Caption>

                                Class of   Number of     Share Certificate     Percentage of Outstanding
       Name of Company            Stock      Shares            Number           Shares of Capital Stock
------------------------------ ---------- -----------   -------------------   ---------------------------
<S>                             <C>        <C>           <C>                   <C>
Andrita Studios, Inc.            Common       100                1                       100%

</Table><Page>

                                                                Exhibit 4.1(r)-1

                          JOINDER TO SECURITY AGREEMENT

          Reference is made to that certain Indenture between PEI Holdings,
Inc., a Delaware corporation ("Issuer"), the Guarantors party thereto
("Guarantors") and Bank One, N.A., a national banking association, as Trustee
("Trustee"), dated as of March 11, 2003 (as such document is amended, modified
or supplemented from time to time, the "Indenture").

          In accordance with Section 4.11 of the Indenture, Andrita Studios,
Inc., a California corporation ("Andrita"), hereby agrees to become a party to
that certain Security Agreement, dated as of March 11, 2003 (as amended,
modified or supplemented from time to time, the "Security Agreement";
capitalized terms not otherwise defined herein shall have the meanings stated in
the Security Agreement), among Playboy Enterprises, Inc., certain direct and
indirect subsidiaries of Issuer and Trustee, by executing this Joinder to
Security Agreement ("Joinder"), and further agrees that, in accordance with the
Security Agreement on and after the date set forth below, Andrita is a "Debtor"
thereunder and shall be bound by all the terms and provisions of the Security
Agreement.

          Andrita hereby agrees that it makes each of the representations set
forth in the Security Agreement as of the date set forth below. For purposes of
determining Andrita's compliance with such representations and warranties
pursuant to this paragraph, references to Schedules shall be deemed to include
the disclosures made on the correspondingly numbered Schedules attached hereto.

          The undersigned hereby agree that the Schedules to the Security
Agreement are each hereby supplemented as set forth on the correspondingly
numbered Schedules attached hereto.

          To secure the payment and performance of the Obligations, Andrita
hereby grants to Trustee, for its benefit and the benefit of the Holders, and
for the benefit of each Affiliate of Trustee and each Holder, a lien on,
security interest in and right of set-off against any and all right, title and
interest in and to any and all property and interests in property of Andrita,
whether now owned or existing or hereafter created, acquired or arising,
including all of the following properties and interests in properties, whether
now owned or hereafter created, acquired or arising (all being collectively
referred to herein as the "Collateral"):

          (i)    Accounts;

          (ii)   Chattel Paper;

          (iii)  Commercial Tort Claims specifically identified on Schedule III
hereto;

          (iv)   Deposit Accounts, all cash, and other property deposited
therein or otherwise credited thereto from time to time and other monies and
property in the possession or under the control of Trustee or any Holder or any
affiliate, representative, agent or correspondent of Trustee or any Holder;

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          (v)    Documents;

          (vi)   General Intangibles, including without limitation any and all
Intellectual Property;

          (vii)  Goods, including without limitation any and all Inventory, any
and all Equipment and any and all Fixtures;

          (viii) Instruments;

          (ix)   Investment Property;

          (x)    Letter-of-Credit Rights;

          (xi)   Supporting Obligations;

          (xii)  Any and all other personal property and interests in property
whether or not subject to the UCC;

          (xiii) Any and all books and records, in whatever form or medium, that
at any time evidence or contain information relating to any of the foregoing
properties or interests in properties or are otherwise necessary in the
collection thereof or realization thereon;

          (xiv)  All Accessions and additions to, and substitutions and
replacements of, any and all of the foregoing; and

          (xv)   All Proceeds and products of the foregoing, including without
limitation all insurance pertaining to the foregoing and proceeds thereof.
Notwithstanding the foregoing, "Collateral" shall not include (i) any stock in a
Controlled Foreign Corporation (within the meaning of Section 957 of the Code)
in excess of 65% of such stock or in excess of 65% of the total combined voting
power of all classes of such entity entitled to vote, (ii) any General
Intangibles or other rights arising under any contracts, instruments, licenses
or other documents to the extent that the grant of a Lien or security interest
therein would (A) result in a breach of the terms of, or constitute a default
under, such contract, instrument, license, agreement or other document (other
than to the extent that any such term would be rendered ineffective pursuant to
Section 9-406, 9-407 or 9-408 of the Uniform Commercial Code or any successor
provision of the Uniform Commercial Code of any relevant jurisdiction or other
applicable law) or (B) give any other party to such contract, instrument,
license or other document the right to terminate its obligations thereunder
pursuant to a valid and enforceable provision (including without limitation in
connection with the operation of Section 9-406, 9-407 or 9-408 of the Uniform
Commercial Code or any other applicable law), (iii) any personal property
(including motor vehicles) in respect of which perfection of a Lien is not
either (A) governed by the Uniform Commercial Code or (B) accomplished by
appropriate evidence of the lien being recorded in the U.S. Copyright

                                       -2-

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Office or the U.S. Patent and Trademark Office, or (iv) any property subject to
any Pledge Agreement.

          Andrita hereby authorizes Trustee to file one or more financing or
continuation statements, and amendments thereto (or similar documents required
by any laws of any applicable jurisdiction), relating to all or any part of the
Collateral without the signature of Andrita (to the extent such signature is
required under the laws of any applicable jurisdiction), which financing
statements may describe the Collateral as "all assets" or "all personal
property" or words of like import.

          This Joinder to Security Agreement may be signed in various
counterparts which together will constitute one and the same instrument.

          In all other respects, the Security Agreement shall remain unchanged
and in full force and effect in accordance with its original terms.

                                       -3-

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Dated: July 22, 2003

                                        ANDRITA STUDIOS, INC.,
                                        a California corporation

                                        By  /s/ Robert D. Campbell
                                            ------------------------------------

                                        Its Treasurer
                                            ------------------------------------

                                        BANK ONE, N.A.,
                                         as Trustee

                                        By  /s/ George N. Reaves
                                            ------------------------------------

                                        Its Vice President
                                            ------------------------------------

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                                   SCHEDULE I

                           ORGANIZATIONAL INFORMATION

(i)    NAME OF DEBTOR

       Andrita Studios, Inc.

(ii)   FORMER NAME(S) (WITHIN A 5-YEAR PERIOD PRECEDING THE CLOSING DATE)

       None

(iii)  TYPE OF ORGANIZATION

       Corporation

(iv)   JURISDICTION OF ORGANIZATION

       California

(v)    ORGANIZATIONAL IDENTIFICATION NUMBER

       C2503423

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                                   SCHEDULE II

                              COLLATERAL LOCATIONS

(i)    Location of Chief Executive Office

       680 N. Lake Shore Drive
       Chicago, IL
       (Leased Location)

(ii)   Other Locations/ Third-Party Locations/Fixture Locations

       3030 Andrita St.
       Los Angeles, CA
       (Leased Location)

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                                  SCHEDULE III

                             COMMERCIAL TORT CLAIMS

                                      None.

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                                   SCHEDULE IV

                         CERTAIN COLLATERAL DISCLOSURES

                                      None.

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                                   SCHEDULE V

                          INTELLECTUAL PROPERTY CLAIMS

                                      None.

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                                   SCHEDULE VI

                          EXCLUDED INVESTMENT PROPERTY

                                      None.

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